Paragraph 7 Prior obligationsF1
United Kingdom
To enable the satisfaction of an obligation of a designated person (whether arising under a contract, other agreement or otherwise), provided that—
the obligation arose before the date on which the person became a designated person, and
no payments are made to another designated person, whether directly or indirectly.
Annotations
Textual amendments
- F1
Sch. 2 para. 7 substituted (13.5.2026) by The Sanctions (EU Exit) (Miscellaneous Amendments) Regulations 2026 (S.I. 2026/443), regs. 1(2), 5(6)(b)
Notes on Part 3
Textual amendments
- F1
Sch. 2 Pt. 3 heading omitted and re- inserted before para. 7 (31.12.2020 immediately after IP completion day) by The Sanctions (EU Exit) (Miscellaneous Amendments) (No.3) Regulations 2020 (S.I. 2020/950), regs. 1(2), 4(4)(b)(c); S.I. 2020/1514, reg. 17