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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - 14 May 2025
Version 1 of 2

Schedule 2, Part 2A Purposes relating only to UN designated persons (para. 6A)

Prior obligations

6A. To enable, by the use of a designated person's frozen funds or economic resources, the satisfaction of an obligation of that person arising under a contract, provided that -

(a) the obligation arose before the date on which the person became a designated person, and

(b) no payments are made to another designated person, whether directly or indirectly.