Paragraph 10C Prior obligationsF1F2
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 at a time when the person was not a designated person, and
(b)
no payments are made to a designated person, whether directly or indirectly.
Annotations
Textual amendments
- F1
Sch. 2 Pt. 1A inserted (5.12.2024) by The Sanctions (EU Exit) (Miscellaneous Amendments) (No. 2) Regulations 2024 (S.I. 2024/1157), regs. 1(2), 6(13)(b)
- F2
Sch. 2 para. 10C inserted (13.5.2026) by The Sanctions (EU Exit) (Miscellaneous Amendments) Regulations 2026 (S.I. 2026/443), regs. 1(2), 6(8)(c)