(20)

in Article 5h, the following paragraph is added: ‘3. By way of derogation from paragraph 1, the competent authorities of a Member State may authorise transactions which are strictly necessary for the withdrawal of funds or the closing of accounts owned or held by a national of a Member State, of a country member of the European Economic Area or of Switzerland, or by natural persons having a temporary or permanent residence permit in a Member State, in a country member of the European Economic Area or in Switzerland, held at legal persons, entities or bodies listed in Annex XIV and which were included in that Annex on or after 24 July 2026, under such conditions as the competent authorities deem appropriate and after having determined that: Any authorisation under this paragraph shall be granted for a maximum period of validity of three months. The Member State concerned shall inform the other Member States and the Commission of any authorisation granted under this paragraph, within two weeks of the authorisation.’ ; the transaction is necessary for such natural person to terminate operations, contracts or other agreements concluded with a legal person, entity or body listed in Annex XIV; the authorisation is requested no later than three months after the date of application indicated in Annex XIV for the relevant legal person, entity or body listed therein; the funds are transferred to a financial or credit institution incorporated or constituted under the law of a Member State, or to a financial or credit institution incorporated under the law of a third country that is owned or controlled by a financial or credit institution incorporated or constituted under the law of a Member State.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-14 · Text as adopted (Official Journal); later amendments are not incorporated in this text.