LicensingU.K.
6.—(1) The Treasury may, by licence, authorise frozen funds to be made available.
(2) A licence may authorise a person to deal with frozen funds.
(3) The prohibitions in article 4 do not apply in respect of frozen funds made available or dealt with in accordance with a licence granted under this article.
(4) A licence may be—
(a)of indefinite duration or subject to an expiry date;
(b)subject to conditions;
(c)granted generally or to a person or persons named or described in the licence;
(d)granted in relation to frozen funds generally or to funds of a description specified in the licence.
(5) A licence may authorise funds to be made available—
(a)generally or for purposes specified in the licence;
(b)to or for the benefit of persons generally or a person or persons named or described in the licence.
(6) The Treasury may vary or revoke a licence at any time.
(7) The Treasury, where they grant, vary or revoke a licence, must—
(a)in the case of a licence granted to a particular person, give written notice of the licence, variation or revocation to that person, and
(b)in the case of a general licence or a licence granted to a category of persons, take such steps as the Treasury consider appropriate to publicise the licence, variation or revocation.
Commencement Information
I1Art. 6 in force at 19.1.2020, see art. 1(1)