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Council Regulation (EC) No 305/2006 Article 3

Council Regulation (EC) No 305/2006 Article 3

Article 3

1.   By way of derogation from Article 2, the competent authorities of the Member States, as listed in Annex II, may authorise, under such conditions as they deem appropriate, the release of certain frozen funds or economic resources or the making available of certain funds or economic resources, having determined that the funds or economic resources concerned are: (a) necessary for basic expenses, including payments for foodstuffs, rent or mortgage, medicines and medical treatment, taxes, insurance premiums, and public utility charges; (b) intended exclusively for payment of reasonable professional fees and reimbursement of incurred expenses associated with the provision of legal services; or (c) intended exclusively for payment of fees or service charges for routine holding or maintenance of frozen funds or economic resources; provided that the Member State concerned has notified the Sanctions Committee of that determination and that the determination has been approved by that Committee. 2.   The relevant competent authority shall inform the competent authorities of the other Member States and the Commission of any authorisation granted under paragraph 1. 3.   Article 2(2) shall not apply to the addition to frozen accounts of interest or other earnings on those accounts provided that any such interest or other earnings are frozen in accordance with Article 2(1).

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Other provisions in Council Regulation (EC) No 305/2006

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04

CitationArticle 3 of Council Regulation (EC) No 305/2006 (LawPlayer, data as of 2026-07-04)

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