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Council Regulation (EU) 2019/1716 Article 7

Council Regulation (EU) 2019/1716 Article 7

Article 7

1.   Article 2(2) shall not prevent the crediting of the frozen accounts by financial or credit institutions that receive funds transferred by third parties onto the account of a natural or legal person, entity or body listed in Annex I, provided that any additions to such accounts are also frozen. The financial or credit institution shall inform the relevant competent authority of any such transaction without delay. 2.   Article 2(2) shall not apply to the addition to frozen accounts of: (a) interest or other earnings on those accounts; (b) payments due under contracts, agreements or obligations that were concluded or arose before the date on which the natural or legal person, entity or body referred to in Article 2 was included in Annex I; or (c) payments due under judicial, administrative or arbitral decisions rendered in a Member State or enforceable in the Member State concerned; provided that any such interest, other earnings and payments remain subject to the measures provided for in Article 2(1).

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Other provisions in Council Regulation (EU) 2019/1716

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 7 of Council Regulation (EU) 2019/1716 (LawPlayer, data as of 2026-07-04)

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