SCHEDULES

SCHEDULE 3Freezing orders

Making funds available

3

1

A freezing order must include provision as to the meaning (in relation to funds) of making available to or for the benefit of a person.

2

In particular, an order may provide that the expression includes—

a

allowing a person to withdraw from an account;

b

honouring a cheque payable to a person;

c

crediting a person’s account with interest;

d

releasing documents of title (such as share certificates) held on a person’s behalf;

e

making available the proceeds of realisation of a person’s property;

f

making a payment to or for a person’s benefit (for instance, under a contract or as a gift or under any enactment such as the enactments relating to social security);

g

such other acts as the order may specify.