Terrorism (Suppression of Financing) (Exemption from Prohibition against Dealing) (No. 11) Order 2007

This Order may be cited as the Terrorism (Suppression of Financing) (Exemption from Prohibition against Dealing) (No. 11) Order 2007 and shall come into operation on 22nd June 2007.

The Central Provident Fund Board is hereby exempted from the application of section 6 of the Act in respect of the payment of moneys from the Progress Package belonging to the persons listed in the First Schedule to their nominees listed in the Second Schedule, subject to the condition that those moneys are deposited in the bank accounts of the nominees designated in their respective letters of exemption dated 22nd June 2007.

The nominees listed in the Second Schedule are also exempted from the application of section 6 of the Act in respect of —

any withdrawal from the bank accounts designated in their respective letters of exemption; and

the use of the sums withdrawn therefrom.

The exemption in respect of the activity referred to in sub-paragraph (2)(b) is subject to the conditions stated in the respective letters of exemption.

The Central Provident Fund Board is hereby exempted from the application of section 6 of the Act in respect of the payment of moneys from the Progress Package belonging to the persons listed in the First Schedule to their nominees listed in the Second Schedule, subject to the condition that those moneys are deposited in the bank accounts of the nominees designated in their respective letters of exemption dated 22nd June 2007.

The nominees listed in the Second Schedule are also exempted from the application of section 6 of the Act in respect of —

any withdrawal from the bank accounts designated in their respective letters of exemption; and

the use of the sums withdrawn therefrom.

The exemption in respect of the activity referred to in sub-paragraph (2)(b) is subject to the conditions stated in the respective letters of exemption.