2.
The implementation of this Article shall be progressive and in
accordance with the Schedule on the Removal of Restriction on the
Free Movement of Capital, specified in Annex VI to this Protocol.
ARTICLE 25
General Exceptions
1.
The free movement of capital may be restricted upon justified
reasons related to:
(a)
(b)
(c)
(d)
2.
prudential supervision;
public policy considerations;
money laundering; and
financial sanctions agreed to by the Partner States.
Where a Partner State adopts a restriction under paragraph 1, the
Partner State shall inform the Secretariat and the other Partner
States and furnish proof that the action taken was appropriate,
reasonable and justified.
ARTICLE 26
Safeguard Measures
1.
Where the movement of capital leads to disturbances in the
functioning of the financial markets in a Partner State, the Partner
State concerned may take safeguard measures subject to the
conditions provided under Article 27 of this Protocol.
2.
Where a competent authority of a Partner State makes an
intervention in the foreign exchange market, which seriously
distorts the conditions of competition, the other Partner States may
take, for a strictly limited period, the necessary measures in order
to counter the consequences of the intervention.
3.
A Partner State may take safeguard measures, where the Partner
State is in difficulties or is seriously threatened with difficulties, as
regards its balance of payments.
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