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Council Regulation (EU) No 267/2012 Article 29

Council Regulation (EU) No 267/2012 Article 29

Article 29

1.   Article 23(3) shall not prevent financial or credit institutions from crediting frozen accounts where they receive funds transferred onto the account of a listed natural or legal person, entity or body, provided that any additions to such accounts shall also be frozen. The financial or credit institution shall inform the competent authorities about such transactions without delay. 2.   Article 23(3) shall not apply to the addition to frozen accounts of: (a) interest or other earnings on those accounts; or (b) payments due under contracts, agreements or obligations that were concluded or arose before the date on which the person, entity or body referred to in Article 23 has been designated by the Sanctions Committee, the Security Council or by the Council; provided that any such interest or other earnings and payments are frozen in accordance with Article 23(1) or (2). 3.   This Article shall not be construed as authorising transfers of funds referred to in Article 30.

Read the full instrument → · Read this in context: CHAPTER IV — FREEZING OF FUNDS AND ECONOMIC RESOURCES →

Other provisions in CHAPTER IV — FREEZING OF FUNDS AND ECONOMIC RESOURCES

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 29 of Council Regulation (EU) No 267/2012 (LawPlayer, data as of 2026-07-04)

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