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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
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16. Exceptions

Repealed from 31 December 2020

(1) The prohibitions in sections 11 to 13 are not contravened by a relevant institution crediting a frozen account with -

(a) interest or other earnings due on the account, or

(b) payments due under contracts, agreements or obligations that were concluded or arose before the account became a frozen account.

(2) The prohibitions in sections 12 and 13 on making funds available do not prevent a relevant institution from crediting a frozen account where it receives funds transferred to the account.

(3) The prohibition in section 13 is not contravened by the making of a payment which -

(a) is a benefit under or by virtue of an enactment relating to social security (irrespective of the name or nature of the benefit), and

(b) is made to a person who is not a designated person,

whether or not the payment is made in respect of a designated person.

(4) A relevant institution must inform the Treasury without delay if it credits a frozen account in accordance with subsection (1)(b) or (2).

(5

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