Part 2Freezing Orders

Orders

5 Contents of order

1

A freezing order is an order which prohibits persons from making funds available to or for the benefit of a person or persons specified in the order.

2

The order must provide that these are the persons who are prohibited—

a

all persons in the United Kingdom, and

b

all persons elsewhere who are nationals of the United Kingdom or are bodies incorporated under the law of any part of the United Kingdom or are Scottish partnerships.

3

The order may specify the following (and only the following) as the person or persons to whom or for whose benefit funds are not to be made available—

a

the person or persons reasonably believed by the Treasury to have taken or to be likely to take the action referred to in section 4;

b

any person the Treasury reasonably believe has provided or is likely to provide assistance (directly or indirectly) to that person or any of those persons.

4

A person may be specified under subsection (3) by—

a

being named in the order, or

b

falling within a description of persons set out in the order.

5

The description must be such that a reasonable person would know whether he fell within it.

6

Funds are financial assets and economic benefits of any kind.