# The Iran (United Nations Measures) (Overseas Territories) Order 2007, Article 11: Exceptions


(1) A relevant institution is not guilty of an offence under article 9 or 10 if the institution 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 the date on which an account-holder became a designated person.
(2) Article 9 applies to any funds credited to a frozen account in accordance with this article.
(3) In this article “frozen account” means an account held or controlled by a designated person.

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Source: https://www.legislation.gov.uk/uksi/2007/282/article/11 (the official version)
Page: https://openlegislation.uk/iran-united-nations-measures-overseas-territories-order-2007/article-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.