SCHEDULES

SCHEDULE 3Freezing orders

Licences

4

1

A freezing order must include—

a

provision for the granting of licences authorising funds to be made available;

b

provision that a prohibition under the order is not to apply if funds are made available in accordance with a licence.

2

In particular, an order may provide—

a

that a licence may be granted generally or to a specified person or persons or description of persons;

b

that a licence may authorise funds to be made available to or for the benefit of persons generally or a specified person or persons or description of persons;

c

that a licence may authorise funds to be made available generally or for specified purposes;

d

that a licence may be granted in relation to funds generally or to funds of a specified description;

e

for a licence to be granted in pursuance of an application or without an application being made;

f

for the form and manner in which applications for licences are to be made;

g

for licences to be granted by the Treasury or a person authorised by the Treasury;

h

for the form in which licences are to be granted;

i

for licences to be granted subject to conditions;

j

for licences to be of a defined or indefinite duration;

k

for the charging of a fee to cover the administrative costs of granting a licence;

l

for the variation and revocation of licences.