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Article 3

United Kingdom

Original text. Later amendments are not shown.

1.

Article 2(2) shall not apply to the addition to frozen accounts of:

(a)

interest or other remuneration on those accounts;

(b)

payments due under contracts, agreements or obligations that were concluded or arose prior to the date on which those accounts became subject to the provisions of this Regulation,

provided that any such interest, remuneration or payments continue to be subject to Article 2(1).

2.

Article 2(2) shall not prevent financial or credit institutions in the Community from crediting frozen accounts where they receive funds transferred by third parties to the account of a natural or legal person, entity or body listed in Annex I, provided that any additions to such accounts are also frozen. The financial or credit institution shall inform the competent authorities of such transactions without delay.