Paragraph 8 Prior obligationsI1
United Kingdom
To enable the satisfaction of an obligation of a designated person (whether arising under a contract, other agreement or otherwise), provided that—
(a)
the obligation arose before the date on which the person became a designated person, and
(b)
no payments are made to another designated person, whether directly or indirectly.
Annotations
Commencement
- I1
Sch. 2 para. 8 in force at 15.10.2026, see reg. 1(2)