SCHEDULES

SCHEDULE 2Treasury licences: purposes

PART 2Purposes

Basic needsI12

1

To enable the basic needs of a designated person, or (in the case of an individual) any dependent family member of such a person, to be met.

2

In the case of an individual in sub-paragraph (1), “basic needs” includes—

a

medical needs;

b

needs for—

i

food;

ii

payment of insurance premiums;

iii

payment of tax;

iv

rent or mortgage payments;

v

utility payments.

3

In the case of a person other than an individual in sub-paragraph (1), “basic needs” includes needs for—

a

payment of insurance premiums;

b

payment of reasonable fees for the provision of property management services;

c

payment of remuneration, allowances or pensions of employees;

d

payment of tax;

e

rent or mortgage payments;

f

utility payments.

4

In sub-paragraph (1)—

  • “dependent” means financially dependent;

  • “family member” includes—

    1. a

      the wife or husband of the designated person;

    2. b

      the civil partner of the designated person;

    3. c

      any parent or other ascendant of the designated person;

    4. d

      any child or other descendant of the designated person;

    5. e

      any person who is a brother or sister of the designated person, or a child or other descendant of such a person.

Legal servicesI23

To enable the payment of—

a

reasonable professional fees for the provision of legal services, or

b

reasonable expenses associated with the provision of legal services.

Maintenance of frozen funds and economic resourcesI34

To enable the payment of—

a

reasonable fees, or

b

reasonable service charges,

arising from the routine holding or maintenance of frozen funds or economic resources.

Extraordinary expensesI45

To enable an extraordinary expense of a designated person to be met.

Pre-existing judicial decisions etc.I56

To enable, by the use of a designated person's frozen funds or economic resources, the implementation or satisfaction (in whole or in part) of a judicial, administrative or arbitral decision or lien, provided that—

a

the funds or economic resources so used are the subject of the decision or lien,

b

the decision or lien—

i

was made or established before the date on which the person became a designated person, and

ii

is enforceable in the United Kingdom, and

c

the use of the frozen funds or economic resources does not directly or indirectly benefit any other designated person.