# The Iran (European Community Financial Sanctions) Regulations 2007, Regulation 8: Exceptions

Extent: E+W+S+N.I.

(1) A person is not guilty of an offence under regulation 6 or 7 if he credits 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 prior to 23rd December 2006.
(2) Regulation 7 does not prevent a relevant institution from crediting a frozen account where it receives funds transferred to a frozen account by a third party.
(3) For the avoidance of doubt, regulation 6 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/uksi/2007/1374/regulation/8 (the official version)
Page: https://openlegislation.uk/iran-european-community-financial-sanctions-regulations-2007/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.