Article 213Z3 Making of account freezing orderF1

(1)

This article applies where an application for an account freezing order is made under article 213Z1 (application for account freezing order) in relation to an account.

(2)

The relevant court may make the order if satisfied that there are reasonable grounds for suspecting that money held in the account (whether all or part of the credit balance of the account F2) is recoverable property.

(3)

An account freezing order ceases to have effect at the end of the period specified in the order (which may be varied under article 213Z4 (variation and setting aside of account freezing order)) unless it ceases to have effect at an earlier or later time in accordance with the provision made by articles 213Z7(8) to (10) (forfeiture order) and 213Z8 (continuation of account freezing order pending appeal).

(4)

The period specified by the relevant court for the purposes of paragraph (3) (whether when the order is first made or on a variation under article 213Z4) may not exceed the period of 2 years, starting with the day on which the account freezing order is (or was) made.

(5)

An account freezing order must provide for notice to be given to persons affected by the order.