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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 7 February 2023 - onwards
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Schedule 3 Freezing orders

Section 6

Interpretation

1. References in this Schedule to a person specified in a freezing order as a person to whom or for whose benefit funds are not to be made available are to be read in accordance with section 5(4).

Funds

2. A freezing order may include provision that funds include gold, cash, deposits, securities (such as stocks, shares and debentures) and such other matters as the order may specify.

Making funds available

3

(1) A freezing order must include provision as to the meaning (in relation to funds) of making available to or for the benefit of a person.

(2) In particular, an order may provide that the expression includes-

(a) allowing a person to withdraw from an account;

(b) honouring a cheque payable to a person;

(c) crediting a person's account with interest;

(d) releasing documents of title (such as share certificates) held on a person's behalf;

(e) making available the proceeds of realisation of a person's property;

(f) making a payment to or for a person's benefi

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