Asset freeze

As automatic consequence of the report, in order to ensure that the effect of the report is not undermined, a financial intermediary must without delay freeze the assets entrusted to him to which the report refers (identification and confiscation, prevention of withdrawal).

The asset freeze must be maintained for up to a period of 5 working days from the issue of the report (not: receipt of the report) if the period does not end before this due to a communication from the Report Office or an order issued by the law enforcement agency. The day of the issue of the report shall not be included when calculating the period. If the period expires without an order being issued, the freeze must be lifted.

Asset management activities may continue to be performed. Only the withdrawal of securities must be excluded.

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