lexiara

1.

Council Regulation (EC) No 561/2003 of 27 March 2003 amending, as regards exceptions to the freezing of funds and economic resources, Regulation (EC) No 881/2002 imposing certain specific restrictive measures directed against certain persons and entities associated with Usama bin Laden, the Al-Qaida network and the Taliban · European Union

Article 2 shall not apply to funds or economic resources where: any of the competent authorities of the Member States, as listed in Annex II, has determined, upon a request made by an interested natural or legal person, that these funds or economic resources are: necessary to cover basic expenses, including payments for foodstuffs, rent or mortgage, medicines and medical treatment, taxes, insurance premiums, and public utility charges; intended exclusively for payment of reasonable professional fees and reimbursement of incurred expenses associated with the provision of legal services; intended exclusively for payment of fees or service charges for the routine holding or maintenance of frozen funds or frozen economic resources; or necessary for extraordinary expenses; and such determination has been notified to the Sanctions Committee; and (i) in the case of a determination under point (a)(i), (ii) or (iii), the Sanctions Committee has not objected to the determination within 48 hours of notification; or in the case of a determination under point (a)(iv), the Sanctions Committee has approved the determination.

· All articles ·

Source: EUR-Lex (Cellar) · retrieved 2026-10-21 · Text as adopted (Official Journal); later amendments are not incorporated in this text.