# The Al-Qaida and Taliban (Asset-Freezing) Regulations 2010, Regulation 5: Exceptions


(1) It is not an offence under regulation 3 or 4 to credit 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) It is not an offence under regulation 4 for a relevant institution to credit a frozen account where it receives funds transferred to the account.
(3) Regulation 3 applies to any funds credited to a frozen account in accordance with this regulation.
(4) In this regulation “frozen account” means an account with a relevant institution which is held or controlled by a designated person.

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Source: https://www.legislation.gov.uk/ukdsi/2010/9780111496336/regulation/5 (the official version)
Page: https://openlegislation.uk/draft-al-qaida-and-taliban-asset-freezing-regulations-2010/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.

