SCHEDULE 3Treasury licences: purposes

PART 2Purposes

Pre-existing judicial decisions etc.I16

To enable, by the use of a designated person's frozen funds or economic resources, the implementation or satisfaction (in whole or in part) of a judicial, administrative or arbitral decision or lien, provided that—

a

the funds or economic resources so used are the subject of the decision or lien,

b

the decision or lien—

i

was made or established before the date on which the person became a designated person, and

ii

is enforceable in the United Kingdom, and

c

the use of the frozen funds or economic resources does not directly or indirectly benefit any other designated person.