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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)