Paragraph 2 I1I2
United Kingdom
To enable, by the use of a designated person's frozen funds or economic resources, the implementation or satisfaction (in whole or in part) of a judicial, administrative or arbitral decision or lien, provided that—
(a)
the funds or economic resources so used are the subject of the decision or lien,
(b)
the decision or lien—
(i)
was made or established before 22 May 2003, and
(ii)
is enforceable in the United Kingdom, and
(c)
the use of the frozen funds or economic resources does not directly or indirectly benefit any other designated person.
Annotations
Commencement
- I1
Sch. 2 para. 2 not in force at made date, see reg. 1(2)
- I2
Sch. 2 para. 2 in force at 31.12.2020 by S.I. 2020/1514, reg. 14(2)