Article 1
Open ↗Decision (CFSP) 2015/1333 is amended as follows: (1) in Article 8, paragraph 1 is replaced by the following: ‘1. Member States shall take the necessary measures to prevent the entry into, or transit through, their territories of persons designated and subjected to travel restrictions by the Security Council or by the Committee in accordance with paragraph 22 of UNSCR 1970 (2011), paragraph 23 of UNSCR 1973 (2011), paragraph 4 of UNSCR 2174 (2014), paragraph 11 of UNSCR 2213 (2015), paragraph 11 of UNSCR 2362 (2017), paragraph 11 of UNSCR 2441 (2018), paragraph 18 of UNSCR 2769 (2025) or paragraph 19 of UNSCR 2819 (2026), as listed in Annex I.’ ; (2) Article 9 is amended as follows: (a) paragraph 1 is replaced by the following: ‘1. All funds, other financial assets and economic resources, owned or controlled, directly or indirectly, by persons and entities designated and subjected to an asset freeze by the Security Council or by the Committee in accordance with paragraph 22 of UNSCR 1970 (2011), paragraphs 19 and 23 of UNSCR 1973 (2011), paragraph 4 of UNSCR 2174 (2014), paragraph 11 of UNSCR 2213 (2015), paragraph 11 of UNSCR 2362 (2017), paragraph 11 of UNSCR 2441 (2018), paragraph 18 of UNSCR 2769 (2025) or paragraph 19 of UNSCR 2819 (2026), as listed in Annex III, shall be frozen.’ ; (b) paragraph 15 is replaced by the following: ‘15. After notification by the Member State concerned to the Committee, and provided that the Committee has approved the use of frozen cash reserves as referred to in, and in accordance with, paragraph 14 of UNSCR 2769 (2025), which includes consultation with the Government of Libya, and paragraph 14 of UNSCR 2819 (2026), the competent authorities of that Member State shall authorise the use of frozen cash reserves belonging to the entity listed under entry number 1 in Annex VI, exclusively for investment in: (a) low-risk time deposits with an appropriate financial institution selected by the entity listed under entry number 1 in Annex VI and located in the Member State in which the funds are frozen, in the case of frozen cash reserves referred to in “recommendation 7.1” referred to in UNSCR 2769 (2025), or (b) fixed income instruments, in the case of frozen cash reserves referred to in “recommendation 7.2” referred to in UNSCR 2769 (2025), in accordance with the approval of the Committee.’ ; (c) the following paragraphs are added: ‘18. After notification by the Member State concerned to the Committee and provided that the Committee has approved the transfer of frozen funds, other financial assets or economic resources, and in accordance with paragraph 15 of UNSCR 2819 (2026), the competent authorities of that Member State shall authorise the transfer of certain frozen funds, other financial assets or economic resources belonging to the entity listed under entry number 1 in Annex VI, within the same jurisdiction, between the custodial bank, or financial institution acting as global custodian (or any sub-custodians acting on their behalf), to another custodial bank, or financial institution (or any sub-custodians acting on their behalf), for the purpose of transferring the role of global custodian to that custodial bank or financial institution, provided that: (a) throughout and upon completion of the transfer, the assets shall be treated as frozen and subject to measures imposed by this Decision; (b) the transfer shall be executed in a manner maintaining the form and value of the funds, other financial assets or economic resources being transferred. 19. The notification referred to in paragraph 18 by the Member State concerned to the Committee shall include the amount and nature of the frozen funds, other financial assets or economic resources to be transferred and the identity of the current and proposed custodial banks or financial institutions acting in a custodial capacity. 20. The Member State concerned shall inform the other Member States and the Commission of any authorisation granted under paragraph 18, within two weeks of the authorisation.’.