Freezing funds and making funds available

Trade contract payments

30.—(1) Article 25 is not contravened by a person who deals with funds or economic resources belonging to, or owned, held or controlled by, an entity (“A”) listed in Annex IIa to the Council Regulation provided that—

(a)A received the funds or economic resources after the date on which A was so listed,

(b)A used the funds or economic resources to make a payment during the period of two months from the date on which A was listed,

(c)the payment was due under a trade contract, and

(d)the Governor has determined that the payment will not be received (directly or indirectly) by a designated person.

(2) In paragraph (1) “deals with” has the same meaning as in article 25(1).