Article 5 Credits to a frozen accountI1

United Kingdom

(1)

Nothing in article 4 prevents a person from crediting a frozen account with—

(a)

interest or other earnings due on the account, or

(b)

payments due under contracts, agreements or obligations that were concluded or arose before the account became a frozen account.

(2)

Nothing in article 4 prevents a relevant institution from crediting a frozen account where it receives funds transferred to the account.

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