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Article 8

Without prejudice to the provisions of Article 7 of this Regulation, this Regulation shall not apply to:

1) Accounts of shareholders with 10% or more shareholding (ordinary or preference), board members and senior managers of the defaulting bank.
2) Accounts of persons whose identity cannot be ascertained.
3) Accounts which, in the opinion of the Board, include amounts that have been illegally gained or obtained by illicit or dubious means.