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SCHEDULES

SCHEDULE 7U.K.Terrorist financing and money laundering

Part 4U.K.Procedural provisions and licensing

Specific directions: notification and duration of directionsU.K.

15(1)This paragraph applies in relation to a direction given to a particular person.U.K.

(2)The Treasury must give notice of the direction to the person.

(3)The direction (if not previously revoked and whether or not varied) ceases to have effect at the end of the period of one year beginning with the day on which the direction is given.

This is without prejudice to the giving of a further direction.

(4)The Treasury may vary or revoke the direction at any time.

(5)Where the direction is varied or ceases to have effect (whether on revocation or otherwise), the Treasury must give notice of that fact to the person.