Article 11b
1. After notification by the Member State concerned to the Sanctions Committee and provided that the Sanctions Committee has approved the transfer of frozen funds 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 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 Regulation; (b) the transfer shall be executed in a manner maintaining the form and value of the funds or economic resources being transferred. 2. The notification referred to in paragraph 1 by the Member State concerned to the Sanctions Committee shall include the amount and nature of the frozen funds or economic resources to be transferred and the identity of the current and proposed custodial banks, or financial institutions acting in a custodial capacity. 3. The Member State concerned shall inform the other Member States and the Commission of any authorisation granted under paragraph 1, within two weeks of the authorisation.