Economic Crime and Corporate Transparency Act 2023
<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="part-1"><num>PART 1</num><heading>Companies etc</heading><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-the-registrar-of-companies"><heading>The registrar of companies</heading><section eId="section-1"><num>1</num><heading>The registrar’s objectives</heading><subsection eId="section-1-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-1-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (2), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e352">1081A</ref> (registrar’s objectives to promote integrity of registers etc),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-1-3"><num>(3)</num><content><p><mod>After section 1081 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e352"><num>1081A</num><heading>Registrar’s objectives to promote integrity of registers etc</heading><subsection><num>(1)</num><content><p>The registrar must, in performing the registrar’s functions, seek to promote the following objectives.</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p><i>Objective 1</i></p><p>Objective 1 is to ensure that any person who is required to deliver a document to the registrar does so (and that the requirements for proper delivery are complied with).</p></item><item><p><i>Objective 2</i></p><p>Objective 2 is to ensure that information contained in the register is accurate and that the register contains everything it ought to contain.</p></item><item><p><i>Objective 3</i></p><p>Objective 3 is to ensure that records kept by the registrar do not create a false or misleading impression to members of the public.</p></item><item><p><i>Objective 4</i></p><p>Objective 4 is to prevent companies and others from—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>carrying out unlawful activities, or</p></item><item><num>(b)</num><p>facilitating the carrying out by others of unlawful activities.</p></item></blockList></item></blockList></content></subsection><subsection><num>(2)</num><content><p>In Objective 2 the reference to “<term refersTo="#term-the-register">the register</term>” includes any records kept by the registrar under any enactment.</p></content></subsection></section></quotedStructure></mod></p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-company-formation"><heading>Company formation</heading><section eId="section-2"><num>2</num><heading>Statement as to lawful purposes</heading><intro><p>In section 9 of the Companies Act 2006 (registration documents), in subsection (2)—</p></intro><level class="para1" eId="section-2-a"><num>(a)</num><content><p>omit the “and” at the end of paragraph (c);</p></content></level><level class="para1" eId="section-2-b"><num>(b)</num><content><p><mod>at the end of paragraph (d) insert <quotedText startQuote="“">, and</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>that the subscribers wish to form the company for lawful purposes.</p></content></level></quotedStructure></mod></p></content></level></section><section eId="section-3"><num>3</num><heading>Information about subscribers</heading><subsection eId="section-3-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-3-2"><num>(2)</num><intro><p>In section 9 (registration documents)—</p></intro><level class="para1" eId="section-3-2-a"><num>(a)</num><content><p><mod>after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><intro><p>The application must contain—</p></intro><level class="para1"><num>(a)</num><content><p>a statement of the required information about each of the subscribers to the memorandum of association (see section <ref href="#d28e565">9A</ref>),</p></content></level><level class="para1"><num>(b)</num><content><p>a statement that none of the subscribers to the memorandum of association is disqualified under the directors disqualification legislation (see section 159A(2)),</p></content></level><level class="para1" eId="d28e492"><num>(c)</num><intro><p>if any of them would be so disqualified but for the permission of a court to act, a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the subscriber’s name,</p></content></level><level class="para2"><num>(ii)</num><content><p>the court by which permission was given, and</p></content></level><level class="para2"><num>(iii)</num><content><p>the date on which permission was given, and</p></content></level></level><level class="para1"><num>(d)</num><intro><p>if any of them would be disqualified under the directors disqualification legislation by virtue of section 11A of the Company Directors Disqualification Act 1986 or Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002 (designated persons under sanctions legislation) but for the authority of a licence of the kind mentioned in that section or Article, a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the subscriber’s name, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the date on which it was issued and by whom it was issued.</p></content></level></level></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-3-2-b"><num>(b)</num><content><p><mod>after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7)</num><content><p>In subsection <ref href="#d28e492">(3A)(c)</ref> “<term refersTo="#term-permission-of-a-court-to-act">permission of a court to act</term>” means permission of a court under a provision mentioned in column 2 of the table in section 159A(2).</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-3-3"><num>(3)</num><content><p><mod>After section 9 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e565"><num>9A</num><heading>Required information about the subscribers</heading><subsection eId="d28e569"><num>(1)</num><intro><p>The required information about a subscriber who is an individual is—</p></intro><level class="para1"><num>(a)</num><content><p>name;</p></content></level><level class="para1"><num>(b)</num><content><p>a service address.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The required information about a subscriber that is a body corporate, or a firm that is a legal person under the law by which it is governed, is—</p></intro><level class="para1"><num>(a)</num><content><p>corporate or firm name;</p></content></level><level class="para1"><num>(b)</num><content><p>a service address.</p></content></level></subsection><subsection><num>(3)</num><content><p>In subsection <ref href="#d28e569">(1)</ref> “<term refersTo="#term-name">name</term>” means the individual’s forename and surname.</p></content></subsection><subsection eId="d28e617"><num>(4)</num><content><p>Where a subscriber is a peer or an individual usually known by a title, that title may be stated in the application for the registration of the company instead of the subscriber’s forename and surname.</p></content></subsection><subsection><num>(5)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>amend this section so as to change the required information about a subscriber;</p></content></level><level class="para1"><num>(b)</num><content><p>repeal subsection <ref href="#d28e617">(4)</ref>.</p></content></level></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-3-4"><num>(4)</num><content><p>In section 10 (statement of capital and initial shareholdings), omit subsection (3).</p></content></subsection><subsection eId="section-3-5"><num>(5)</num><content><p>In section 11 (statement of guarantee), omit subsection (2).</p></content></subsection></section><section eId="section-4"><num>4</num><heading>Proposed officers: identity verification</heading><subsection eId="section-4-1"><num>(1)</num><content><p>Section 12 of the Companies Act 2006 (statement of proposed officers) is amended as follows.</p></content></subsection><subsection eId="section-4-2"><num>(2)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e685"><num>(2A)</num><content><p>The statement must, in the case of each individual named as a director, confirm that the individual’s identity is verified (see section 1110A).</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-4-3"><num>(3)</num><intro><p>The provision that may be made under section 220<ref href="#section-220-1">(1)</ref> in connection with the coming into force of this section includes—</p></intro><level class="para1" eId="section-4-3-a"><num>(a)</num><content><p>provision requiring a company incorporated in pursuance of an application delivered before the coming into force of this section to deliver to the registrar, at the same time as a confirmation statement, a statement, in respect of any individual who became a director of the company on its incorporation, confirming that the individual’s identity is verified (within the meaning of section 1110A of the Companies Act 2006), and</p></content></level><level class="para1" eId="section-4-3-b"><num>(b)</num><content><p>provision for section 853A(1)(b)(i) of the Companies Act 2006 (as substituted by section 59 of this Act) to have effect as if it included a reference to any duty imposed by virtue of paragraph <ref href="#section-4-3-a">(a)</ref>.</p></content></level></subsection><subsection eId="section-4-4"><num>(4)</num><intro><p>In subsection <ref href="#section-4-3">(3)</ref>—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-confirmation-statement" eId="term-confirmation-statement">confirmation statement</term>” has the meaning given by section 853A of the Companies Act 2006;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Companies Acts (see section 1060 of the Companies Act 2006).</p></content></hcontainer></subsection></section><section eId="section-5"><num>5</num><heading>Proposed officers: disqualification</heading><subsection eId="section-5-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows</p></content></subsection><subsection eId="section-5-2"><num>(2)</num><content><p><mod>In section 12 (statement of proposed officers), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><intro><p>The statement must also include a statement by the subscribers to the memorandum of association that no one named as a director is—</p></intro><level class="para1"><num>(a)</num><content><p>disqualified under the directors disqualification legislation (see section 159A(2)), or</p></content></level><level class="para1"><num>(b)</num><content><p>otherwise ineligible by virtue of any enactment for appointment as a director.</p></content></level></subsection><subsection eId="d28e780"><num>(5)</num><intro><p>Where any of the persons named as directors would be disqualified under the directors disqualification legislation but for the permission of a court to act, the statement must also include a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para1"><num>(a)</num><content><p>the person’s name,</p></content></level><level class="para1"><num>(b)</num><content><p>the court by which permission was given, and</p></content></level><level class="para1"><num>(c)</num><content><p>the date on which permission was given.</p></content></level></subsection><subsection eId="d28e804"><num>(6)</num><content><p>In subsection <ref href="#d28e780">(5)</ref> “<term refersTo="#term-permission-of-a-court-to-act">permission of a court to act</term>” means permission of a court under a provision mentioned in column 2 of the table in section 159A(2).</p></content></subsection><subsection eId="d28e816"><num>(7)</num><intro><p>Where any of the persons named as directors would be disqualified under the directors disqualification legislation by virtue of section 11A of the Company Directors Disqualification Act 1986 or Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002 (designated persons under sanctions legislation) but for the authority of a licence of the kind mentioned in that section or Article, the statement must also include a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para1"><num>(a)</num><content><p>the person’s name, and</p></content></level><level class="para1"><num>(b)</num><content><p>the date on which the licence was issued and by whom it was issued.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-5-3"><num>(3)</num><content><p><mod>In section 16 (effect of registration), in subsection (6), at the end insert <quotedText>“unless ineligible for appointment to that office by virtue of any enactment”</quotedText>.</mod></p></content></subsection></section><section eId="section-6"><num>6</num><heading>Persons with initial significant control: disqualification</heading><subsection eId="section-6-1"><num>(1)</num><content><p>Section 12A of the Companies Act 2006 (statement of initial significant control) is amended as follows.</p></content></subsection><subsection eId="section-6-2"><num>(2)</num><content><p><mod>After subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><intro><p>If there is anyone who will be a registrable person, or a registrable relevant legal entity, in relation to the company on incorporation, the statement must also include—</p></intro><level class="para1"><num>(a)</num><content><p>a statement that none of them is disqualified under the directors disqualification legislation (see section 159A(2)),</p></content></level><level class="para1"><num>(b)</num><intro><p>if any of them would be so disqualified but for the permission of a court to act, a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the person’s name,</p></content></level><level class="para2"><num>(ii)</num><content><p>the court by which permission was given,</p></content></level><level class="para2"><num>(iii)</num><content><p>the date on which permission was given, and</p></content></level></level><level class="para1"><num>(c)</num><intro><p>if any of them would be so disqualified by virtue of section 11A of the Company Directors Disqualification Act 1986 or Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002 (designated persons under sanctions legislation) but for the authority of a licence of the kind mentioned in that section or Article, a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the person’s name, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the date on which the licence was issued and by whom it was issued.</p></content></level></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-6-3"><num>(3)</num><content><p><mod>For subsection (4) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-permission-of-a-court-to-act">permission of a court to act</term>” means permission of a court under a provision mentioned in column 2 of the table in section 159A(2);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registrable-person">registrable person</term>” has the meaning given by section 790C (see also section 790J);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registrable-relevant-legal-entity">registrable relevant legal entity</term>” has the meaning given by section 790C (see also section 790J);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-required-particulars">required particulars</term>” has the meaning given by section 790K.</p></content></hcontainer></subsection></quotedStructure></mod></p></content></subsection></section><section eId="section-7"><num>7</num><heading>Persons with initial significant control: identity verification</heading><content><p><mod>After section 12A of the Companies Act 2006 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e975"><num>12B</num><heading>Option to provide ID verification information about PSCs</heading><subsection><num>(1)</num><content><p>This section applies if an application for the registration of a company contains a statement of initial significant control that identifies a person who will be a registrable person, or a registrable relevant legal entity, in relation to the company on its incorporation.</p></content></subsection><subsection eId="d28e985"><num>(2)</num><content><p>In relation to any person who will be a registrable person, the statement may include a statement that the person’s identity is verified (see section 1110A).</p></content></subsection><subsection eId="d28e991"><num>(3)</num><intro><p>In relation to any person who will be a registrable relevant legal entity, the statement may include a statement that—</p></intro><level class="para1"><num>(a)</num><content><p>specifies the name of one of its relevant officers (within the meaning given by section <ref href="#d28e8432">790LO</ref><ref href="#d28e8556">(6)</ref>) who is an individual and whose identity is verified, and</p></content></level><level class="para1"><num>(b)</num><content><p>confirms that the individual’s identity is verified.</p></content></level></subsection><subsection eId="d28e1014"><num>(4)</num><content><p>If a statement under subsection <ref href="#d28e991">(3)</ref> is included in relation to a person who will be a registrable relevant legal entity, the application for registration of the company must be accompanied by a statement by the individual confirming that the individual is a relevant officer of that entity.</p></content></subsection><subsection><num>(5)</num><content><p>To find out what happens if the option in subsection <ref href="#d28e985">(2)</ref> or <ref href="#d28e991">(3)</ref> is not exercised, see sections <ref href="#d28e8230">790LM</ref> and <ref href="#d28e8432">790LO</ref>.</p></content></subsection><subsection><num>(6)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-registrable-person">registrable person</term>” has the meaning given by section 790C, except that it does not include a person mentioned in section 790C(12)(a) to (d) (see also section 790J);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registrable-relevant-legal-entity">registrable relevant legal entity</term>” has the meaning given by section 790C (see also section 790J).</p></content></hcontainer></subsection></section></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-company-names"><heading>Company names</heading><section eId="section-8"><num>8</num><heading>Names for criminal purposes</heading><subsection eId="section-8-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-8-2"><num>(2)</num><content><p><mod>After section 53 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e1090"><num>53A</num><heading>Names for criminal purposes</heading><intro><p>A company must not be registered under this Act by a name if, in the opinion of the Secretary of State, the registration of the company by that name is intended to facilitate—</p></intro><level class="para1"><num>(a)</num><content><p>the commission of an offence involving dishonesty or deception, or</p></content></level><level class="para1"><num>(b)</num><content><p>the carrying out of conduct that, if carried out in any part of the United Kingdom, would amount to such an offence.</p></content></level></section></quotedStructure></mod></p></content></subsection><subsection eId="section-8-3"><num>(3)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>section <ref href="#d28e1090">53A</ref> (names for criminal purposes);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-9"><num>9</num><heading>Names suggesting connection with foreign governments etc</heading><subsection eId="section-9-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-9-2"><num>(2)</num><content><p><mod>After section 56 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e1151"><num>56A</num><heading>Names suggesting connection with foreign governments etc</heading><intro><p>A company must not be registered under this Act by a name that, in the opinion of the Secretary of State, would be likely to give the false impression that the company is connected with—</p></intro><level class="para1"><num>(a)</num><content><p>a foreign government or an agency or authority of a foreign government, or</p></content></level><level class="para1"><num>(b)</num><content><p>an international organisation whose members include two or more countries or territories (or their governments).</p></content></level></section></quotedStructure></mod></p></content></subsection><subsection eId="section-9-3"><num>(3)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bza)</num><content><p>section <ref href="#d28e1151">56A</ref> (names suggesting connection with foreign governments etc);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-10"><num>10</num><heading>Names containing computer code</heading><subsection eId="section-10-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-10-2"><num>(2)</num><content><p><mod>After section 57 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Computer code</heading><section eId="d28e1215"><num>57A</num><heading>Names containing computer code</heading><content><p>A company must not be registered under this Act by a name that, in the opinion of the Secretary of State, consists of or includes computer code.</p></content></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-10-3"><num>(3)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph (ba) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e1228"><num>(bb)</num><content><p>section <ref href="#d28e1215">57A</ref> (names containing computer code);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-11"><num>11</num><heading>Prohibition on re-registering name following direction</heading><subsection eId="section-11-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-11-2"><num>(2)</num><content><p><mod>After section <ref href="#d28e1215">57A</ref> (inserted by section 10 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Prohibitions where a company has been required to change a name</heading><section eId="d28e1270"><num>57B</num><heading>Prohibition on re-registering name following direction</heading><subsection eId="d28e1274"><num>(1)</num><content><p>Where a company’s name has at any time been changed following a direction under section 67, 75, 76, 76A or <ref href="#d28e2006">76B</ref>, or an order under section 73, the company must not subsequently be registered under this Act by the original name or a name that is similar to it.</p></content></subsection><subsection><num>(2)</num><content><p>But subsection <ref href="#d28e1274">(1)</ref> does not prevent the registration of the company by any name approved by the Secretary of State.</p></content></subsection><subsection><num>(3)</num><intro><p>In subsection <ref href="#d28e1274">(1)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>the reference to the name of a company being changed following a direction under a particular section includes a case where a new name is determined for the company under section <ref href="#d28e2289">76D</ref> because of its failure to comply with the direction;</p></content></level><level class="para1"><num>(b)</num><content><p>the reference to the name of a company being changed following an order under section 73 includes a case where a new name is determined for the company under section 73(4) because of its failure to comply with an order.</p></content></level></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-11-3"><num>(3)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph <ref href="#d28e1228">(bb)</ref> (inserted by section 10 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e1326"><num>(bc)</num><content><p>section <ref href="#d28e1270">57B</ref> (restriction on re-registering name following direction).</p></content></level></quotedStructure></mod></p></content></subsection></section><section eId="section-12"><num>12</num><heading>Prohibition on using name that another company has been directed to change</heading><subsection eId="section-12-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-12-2"><num>(2)</num><content><p><mod>After section <ref href="#d28e1270">57B</ref> (inserted by section 11 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e1363"><num>57C</num><heading>Name that another company has been directed to change</heading><subsection eId="d28e1367"><num>(1)</num><intro><p>Where a company has at any time been directed under section 67, 75, 76, 76A or <ref href="#d28e2006">76B</ref>, or ordered under section 73, to change its name, no other company may be registered under this Act by that name or a name that is similar if—</p></intro><level class="para1"><num>(a)</num><content><p>that company is an existing company and there is a person who has, or has had, a relevant relationship with both companies, or</p></content></level><level class="para1"><num>(b)</num><content><p>an application has been made for the registration of that company and, if it is registered, there will on its incorporation be a person who has, or has had, a relevant relationship with both companies.</p></content></level></subsection><subsection><num>(2)</num><content><p>But subsection <ref href="#d28e1367">(1)</ref> does not prevent the registration of the company by any name approved by the Secretary of State.</p></content></subsection><subsection><num>(3)</num><content><p>For the purposes of subsection <ref href="#d28e1367">(1)</ref> it is irrelevant whether the person has, or has had, a relevant relationship with both companies at the same time.</p></content></subsection><subsection><num>(4)</num><intro><p>For the purposes of this section a person has a “relevant relationship” with a company if the person is—</p></intro><level class="para1"><num>(a)</num><content><p>an officer, or</p></content></level><level class="para1"><num>(b)</num><content><p>a member or former member.</p></content></level></subsection><subsection><num>(5)</num><intro><p>In subsection <ref href="#d28e1367">(1)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>the reference to the name of a company being changed following a direction under a particular section includes a case where a new name is determined for the company under section <ref href="#d28e2289">76D</ref> because of its failure to comply with the direction;</p></content></level><level class="para1"><num>(b)</num><content><p>the reference to the name of a company being changed following an order under section 73 includes a case where a new name is determined for the company under section 73(4) because of its failure to comply with an order.</p></content></level></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-12-3"><num>(3)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph <ref href="#d28e1326">(bc)</ref> (inserted by section 11 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bd)</num><content><p>section <ref href="#d28e1363">57C</ref> (names that another company has been directed to change);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-13"><num>13</num><heading>Directions to change name: period for compliance</heading><subsection eId="section-13-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows</p></content></subsection><subsection eId="section-13-2"><num>(2)</num><content><p><mod>In section 64 (power to direct change of name in case of company ceasing to be entitled to exemption), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>The period must be a period of at least 28 days beginning with the date of the direction.</p></content></subsection><subsection><num>(2B)</num><content><p>The Secretary of State may by further direction in writing extend the period.</p><p>Any such direction must be given before the end of the period for the time being specified.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-13-3"><num>(3)</num><content><p><mod>In section 68 (direction to change name in case of similarity to existing name: supplementary provisions), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>The period must be a period of at least 28 days beginning with the date of the direction.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-13-4"><num>(4)</num><content><p><mod>In section 75 (provision of misleading information etc), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>The period must be at least 28 days beginning with the date of the direction.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-13-5"><num>(5)</num><intro><p>In section 76 (misleading indication of activities)—</p></intro><level class="para1" eId="section-13-5-a"><num>(a)</num><content><p><mod>for subsections (2) and (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><content><p>The direction must be in writing and must specify the period within which the company is to change its name.</p></content></subsection><subsection><num>(3)</num><content><p>The period must be a period of at least 28 days beginning with the date of the direction.</p></content></subsection><subsection><num>(3A)</num><content><p>The Secretary of State may by further direction in writing extend the period.</p><p>Any such direction must be given before the end of the period for the time being specified.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-13-5-b"><num>(b)</num><content><p><mod>for subsection (4) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e1575"><num>(4)</num><content><p>A company may apply to the court to set aside a direction under subsection (1).</p></content></subsection><subsection><num>(4A)</num><content><p>Any application under subsection <ref href="#d28e1575">(4)</ref> must be made within the period of three weeks beginning with the date of the direction.</p></content></subsection></quotedStructure></mod></p></content></level><level class="para1" eId="section-13-5-c"><num>(c)</num><content><p><mod>after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5A)</num><content><p>If a company applies to the court under subsection (4) to set aside a direction, it is not required to comply with the direction while the proceedings are ongoing.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-13-5-d"><num>(d)</num><content><p><mod>in subsection (6), for “this section” substitute <quotedText>“subsection (1)”</quotedText>.</mod></p></content></level></subsection></section><section eId="section-14"><num>14</num><heading>Requirements to change name: removal of old name from public inspection</heading><subsection eId="section-14-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-14-2"><num>(2)</num><content><p><mod>In section 64 (company ceasing to be entitled to exemption in relation to use of “limited” etc), after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e1636"><num>(6A)</num><content><p>Where a direction is given under subsection (1), the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the direction relates.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-14-3"><num>(3)</num><content><p><mod>In section 67 (power to direct change of name in case of similarity to existing name), after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e1649"><num>(1A)</num><content><p>Where a direction is given under subsection (1), the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the direction relates (so far as it relates to the company to which the direction is given).</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-14-4"><num>(4)</num><content><p><mod>In section 73 (order requiring name to be changed), after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e1662"><num>(7)</num><content><p>Where an order is made under subsection (1), the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the order relates.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-14-5"><num>(5)</num><content><p><mod>In section 75 (provision of misleading information), after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e1675"><num>(4A)</num><content><p>Where a direction is given under subsection (1), the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the direction relates.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-14-6"><num>(6)</num><content><p><mod>In section 76 (misleading indication of activities), after subsection (5A) (inserted by section 13 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e1688"><num>(5B)</num><content><p>Where a direction is given under subsection (1), the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the direction relates.</p></content></subsection></quotedStructure></mod></p></content></subsection></section><section eId="section-15"><num>15</num><heading>Objections to company’s registered name</heading><subsection eId="section-15-1"><num>(1)</num><content><p>Section 69 of the Companies Act 2006 (objection to company’s registered name) is amended as follows.</p></content></subsection><subsection eId="section-15-2"><num>(2)</num><intro><p>In subsection (1)(b)—</p></intro><level class="para1" eId="section-15-2-a"><num>(a)</num><content><p><mod>after “in the United Kingdom” insert <quotedText>“or elsewhere”</quotedText>;</mod></p></content></level><level class="para1" eId="section-15-2-b"><num>(b)</num><content><p><mod>after “mislead” insert <quotedText>“members of the public in the United Kingdom or elsewhere”</quotedText>.</mod></p></content></level></subsection><subsection eId="section-15-3"><num>(3)</num><intro><p><mod>In subsection (3), for the second sentence substitute <quotedText>“Any of the following may be joined as respondents—</quotedText></mod></p></intro><level class="para1" eId="section-15-3-a"><num>(a)</num><content><p>any member or person who was a member at the time at which the name was registered;</p></content></level><level class="para1" eId="section-15-3-b"><num>(b)</num><content><p>any director or person who was a director at the time at which the name was registered.”</p></content></level></subsection><subsection eId="section-15-4"><num>(4)</num><content><p>In subsection (4), omit paragraph (b) (and the “or” at the end of that paragraph).</p></content></subsection><subsection eId="section-15-5"><num>(5)</num><content><p>In subsection (5), omit “, (b)”.</p></content></subsection></section><section eId="section-16"><num>16</num><heading>Misleading indication of activities</heading><content><p><mod>In section 76 of the Companies Act 2006 (misleading indication of activities), in subsection (1), for “be likely to cause harm to the public” substitute <quotedText>“pose a risk of harm to the public in the United Kingdom or elsewhere”</quotedText>.</mod></p></content></section><section eId="section-17"><num>17</num><heading>Direction to change name used for criminal purposes</heading><subsection eId="section-17-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-17-2"><num>(2)</num><content><p><mod>Before section 75 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Provision of misleading information</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-17-3"><num>(3)</num><content><p><mod>Before section 76 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Misleading indication of activities and names used for criminal purposes</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-17-4"><num>(4)</num><content><p><mod>After section 76 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e1828"><num>76A</num><heading>Power to direct change of name used for criminal purposes</heading><subsection eId="d28e1832"><num>(1)</num><intro><p>The Secretary of State may direct a company to change its name if it appears to the Secretary of State that the name has been used, or is intended to be used, by the company to facilitate—</p></intro><level class="para1"><num>(a)</num><content><p>the commission of an offence involving dishonesty or deception, or</p></content></level><level class="para1"><num>(b)</num><content><p>the carrying out of conduct that, if carried out in any part of the United Kingdom, would amount to such an offence.</p></content></level></subsection><subsection><num>(2)</num><content><p>The direction must be in writing and must specify the period within which the company is to change its name.</p></content></subsection><subsection><num>(3)</num><content><p>The period must be a period of at least 28 days beginning with the date of the direction.</p></content></subsection><subsection eId="d28e1862"><num>(4)</num><content><p>The Secretary of State may by further direction in writing extend the period.</p><p>Any such direction must be given before the end of the period for the time being specified.</p></content></subsection><subsection eId="d28e1871"><num>(5)</num><content><p>A company may apply to the court to set aside a direction under subsection <ref href="#d28e1832">(1)</ref>.</p></content></subsection><subsection><num>(6)</num><content><p>Any application under subsection <ref href="#d28e1871">(5)</ref> must be made within the period of three weeks beginning with the date of the direction.</p></content></subsection><subsection eId="d28e1889"><num>(7)</num><content><p>On an application under subsection <ref href="#d28e1871">(5)</ref> the court may set the direction aside or confirm it.</p></content></subsection><subsection><num>(8)</num><content><p>If on an application under subsection <ref href="#d28e1871">(5)</ref> the direction is confirmed, the court must specify the period within which the direction is to be complied with.</p></content></subsection><subsection eId="d28e1907"><num>(9)</num><content><p>Where a direction is given under subsection <ref href="#d28e1832">(1)</ref>, the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the direction relates.</p></content></subsection><subsection><num>(10)</num><content><p>If a company applies to the court under subsection <ref href="#d28e1871">(5)</ref> to set aside a direction, the company is not required to comply with the direction while the proceedings are ongoing.</p></content></subsection><subsection><num>(11)</num><intro><p>If a company fails to comply with a direction under subsection <ref href="#d28e1832">(1)</ref>, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level><wrapUp><p>For this purpose a shadow director is treated as an officer of the company.</p></wrapUp></subsection><subsection><num>(12)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-17-5"><num>(5)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph (f) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e1963"><num>(g)</num><content><p>section <ref href="#d28e1828">76A</ref> (power to direct change of name used for criminal purposes);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-18"><num>18</num><heading>Direction to change name wrongly registered</heading><subsection eId="section-18-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-18-2"><num>(2)</num><content><p><mod>After section <ref href="#d28e1828">76A</ref> (inserted by section 17 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Direction to change name wrongly registered</heading><section eId="d28e2006"><num>76B</num><heading>Direction to change name wrongly registered</heading><subsection eId="d28e2010"><num>(1)</num><intro><p>The Secretary of State may direct a company to change its name if—</p></intro><level class="para1"><num>(a)</num><content><p>it appears to the Secretary of State that the company’s registration by that name was in contravention of any requirement imposed by this Part, or</p></content></level><level class="para1" eId="d28e2022"><num>(b)</num><content><p>the Secretary of State did not, at the time at which the name was registered, form the opinion mentioned in section 53, <ref href="#d28e1151">56A</ref> or <ref href="#d28e1215">57A</ref>, but had proper grounds for doing so.</p></content></level></subsection><subsection><num>(2)</num><content><p>The direction must be in writing and must specify the period within which the company is to change its name.</p></content></subsection><subsection><num>(3)</num><content><p>The period must be a period of at least 28 days beginning with the date of the direction.</p></content></subsection><subsection eId="d28e2046"><num>(4)</num><content><p>The Secretary of State may by further direction in writing extend the period.</p><p>Any such direction must be given before the end of the period for the time being specified.</p></content></subsection><subsection eId="d28e2055"><num>(5)</num><content><p>A company may apply to the court to set aside a direction under subsection <ref href="#d28e2010">(1)</ref>.</p></content></subsection><subsection><num>(6)</num><content><p>Any application under subsection <ref href="#d28e2055">(5)</ref> must be made within the period of three weeks beginning with the date of the direction.</p></content></subsection><subsection eId="d28e2073"><num>(7)</num><content><p>On an application under subsection <ref href="#d28e2055">(5)</ref> the court may set the direction aside or confirm it.</p></content></subsection><subsection><num>(8)</num><content><p>If on an application under subsection <ref href="#d28e2055">(5)</ref> the direction is confirmed, the court must specify the period within which the direction is to be complied with.</p></content></subsection><subsection eId="d28e2091"><num>(9)</num><content><p>Where a direction is given under subsection <ref href="#d28e2010">(1)</ref>, the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the direction relates.</p></content></subsection><subsection><num>(10)</num><content><p>If a company applies to the court under subsection <ref href="#d28e2055">(5)</ref> to set aside a direction, the company is not required to comply with the direction while the proceedings are ongoing.</p></content></subsection><subsection><num>(11)</num><intro><p>If a company fails to comply with a direction under subsection <ref href="#d28e2010">(1)</ref>, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level><wrapUp><p>For this purpose a shadow director is treated as an officer of the company.</p></wrapUp></subsection><subsection><num>(12)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-18-3"><num>(3)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph (g) (inserted by section 17 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e2147"><num>(h)</num><content><p>section <ref href="#d28e2006">76B</ref> (direction to change name wrongly registered);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-19"><num>19</num><heading>Registrar’s power to change names containing computer code</heading><subsection eId="section-19-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows</p></content></subsection><subsection eId="section-19-2"><num>(2)</num><content><p><mod>In the heading of Chapter 4 of Part 5, after “Secretary of State” insert <quotedText>“and the registrar”</quotedText>.</mod></p></content></subsection><subsection eId="section-19-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e2006">76B</ref> (inserted by section 18 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Registrar’s powers to change names</heading><section eId="d28e2198"><num>76C</num><heading>Registrar’s power to change name containing computer code</heading><subsection eId="d28e2202"><num>(1)</num><intro><p>Where, in the opinion of the registrar, a company’s registered name consists of or includes computer code, the registrar may—</p></intro><level class="para1"><num>(a)</num><content><p>determine a new name for the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>remove from the register any reference to the company’s old name.</p></content></level></subsection><subsection><num>(2)</num><intro><p>If the registrar determines a new name for a company under this section, the registrar must—</p></intro><level class="para1"><num>(a)</num><content><p>give the company notice of the determination, and</p></content></level><level class="para1"><num>(b)</num><content><p>place a note of the determination in the register.</p></content></level></subsection><subsection><num>(3)</num><intro><p>Where a company is given a direction under section <ref href="#d28e2006">76B</ref> to change its name—</p></intro><level class="para1"><num>(a)</num><content><p>that does not affect the registrar’s power to act under subsection <ref href="#d28e2202">(1)</ref>, but</p></content></level><level class="para1"><num>(b)</num><content><p>if the registrar does so, the direction lapses.</p></content></level></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-19-4"><num>(4)</num><content><p><mod>In section 1081 (annotation of the register), in subsection (6), after “subsection (2)” insert <quotedText>“or of any other enactment”</quotedText>.</mod></p></content></subsection></section><section eId="section-20"><num>20</num><heading>Registrar’s power to change company’s name for breach of direction</heading><content><p><mod>After section <ref href="#d28e2198">76C</ref> of the Companies Act 2006 (inserted by section 19 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e2289"><num>76D</num><heading>Registrar’s power to change name for failure to comply with direction</heading><subsection><num>(1)</num><content><p>Where a company fails to comply with a direction to change its name, the registrar may determine a new name for the company.</p></content></subsection><subsection><num>(2)</num><content><p>The reference in subsection <ref href="#d28e2010">(1)</ref> to a direction to change a company’s name is to a direction under section 64, 67, 75, 76, <ref href="#d28e1828">76A</ref> or <ref href="#d28e2006">76B</ref>.</p></content></subsection><subsection><num>(3)</num><intro><p>If the registrar determines a new name for a company under this section, the registrar must—</p></intro><level class="para1"><num>(a)</num><content><p>give the company notice of the determination, and</p></content></level><level class="para1"><num>(b)</num><content><p>place a note of the determination in the register.</p></content></level></subsection></section></quotedStructure></mod></p></content></section><section eId="section-21"><num>21</num><heading>Sections 19 and 20: consequential amendments</heading><subsection eId="section-21-1"><num>(1)</num><content><p><mod>In section 80 (change of name: registration and issue of new certificate of incorporation), for subsections (1) and (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>This section applies where—</p></intro><level class="para1"><num>(a)</num><intro><p>the registrar receives notice of a change of a company’s name and is satisfied—</p></intro><level class="para2"><num>(i)</num><content><p>that the new name complies with the requirements of this Part, and</p></content></level><level class="para2"><num>(ii)</num><content><p>that the requirements of the Companies Acts, and any relevant requirements of the company’s articles, with respect to a change of name are complied with, or</p></content></level></level><level class="para1"><num>(b)</num><content><p>the registrar determines a new name for a company under section <ref href="#d28e2198">76C</ref> or <ref href="#d28e2289">76D</ref>.</p></content></level></subsection><subsection><num>(2)</num><content><p>The registrar must enter the new name on the register in place of the former name.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-21-2"><num>(2)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph <ref href="#d28e2147">(h)</ref> (inserted by section 18 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(i)</num><content><p>section <ref href="#d28e2198">76C</ref> (registrar’s power to change name containing computer code);</p></content></level><level class="para1" eId="d28e2409"><num>(j)</num><content><p>section <ref href="#d28e2289">76D</ref> (registrar’s power to change name for failure to comply with direction).</p></content></level></quotedStructure></mod></p></content></subsection></section><section eId="section-22"><num>22</num><heading>Company names: exceptions based on national security etc</heading><content><p><mod>After section <ref href="#d28e2289">76D</ref> of the Companies Act 2006 (inserted by section 20 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><chapter><num>CHAPTER 4A</num><heading>Exceptions</heading><section><num>76E</num><heading>Exceptions based on national security etc</heading><subsection><num>(1)</num><intro><p>Nothing in this Part prevents the registration of a company under this Act by a name if the Secretary of State is satisfied that the registration of the company by that name is necessary—</p></intro><level class="para1"><num>(a)</num><content><p>in the interests of national security, or</p></content></level><level class="para1" eId="d28e2457"><num>(b)</num><content><p>for the purposes of preventing or detecting serious crime.</p></content></level></subsection><subsection eId="d28e2463"><num>(2)</num><intro><p>For the purposes of subsection <ref href="#d28e2457">(1)(b)</ref>—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-crime">crime</term>” means conduct which—</p></intro><level class="para2"><num>(i)</num><content><p>constitutes a criminal offence, or</p></content></level><level class="para2"><num>(ii)</num><content><p>is, or corresponds to, any conduct which, if it all took place in any one part of the United Kingdom, would constitute a criminal offence, and</p></content></level></level><level class="para1"><num>(b)</num><intro><p>crime is “serious” if—</p></intro><level class="para2"><num>(i)</num><content><p>the offence which is or would be constituted by the conduct is an offence for which the maximum sentence (in any part of the United Kingdom) is imprisonment for 3 years or more, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the conduct involves the use of violence, results in substantial financial gain or is conduct by a large number of persons in pursuit of a common purpose.</p></content></level></level></subsection></section></chapter></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-business-names"><heading>Business names</heading><section eId="section-23"><num>23</num><heading>Use of name suggesting connection with foreign governments etc</heading><content><p><mod>In the Companies Act 2006, after section 1196 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>1196A</num><heading>Names suggesting connection with foreign governments etc</heading><subsection eId="d28e2533"><num>(1)</num><intro><p>A person must not carry on business in the United Kingdom under a name that would be likely to give the false impression that the business is connected with—</p></intro><level class="para1"><num>(a)</num><content><p>a foreign government or an agency or authority of a foreign government, or</p></content></level><level class="para1"><num>(b)</num><content><p>an international organisation whose members include two or more countries or territories (or their governments).</p></content></level></subsection><subsection><num>(2)</num><content><p>A person who contravenes this section commits an offence.</p></content></subsection><subsection><num>(3)</num><content><p>Where an offence under this section is committed by a body corporate, an offence is also committed by every officer of the body who is in default.</p></content></subsection><subsection><num>(4)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-24"><num>24</num><heading>Use of name giving misleading indication of activities</heading><content><p><mod>In section 1198 of the Companies Act 2006 (misleading indication of activities), in subsection (1), for “be likely to cause harm to the public” substitute <quotedText>“pose a risk of harm to the public in the United Kingdom or elsewhere”</quotedText>.</mod></p></content></section><section eId="section-25"><num>25</num><heading>Use of name that a company has been required to change</heading><subsection eId="section-25-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-25-2"><num>(2)</num><content><p><mod>In section 1192 (application of this Chapter), at the beginning of subsection (1) insert <quotedText>“Subject to any express provision to the contrary,”</quotedText>.</mod></p></content></subsection><subsection eId="section-25-3"><num>(3)</num><content><p><mod>After section 1198 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Restrictions where a company has been required to change a name</heading><section><num>1198A</num><heading>Name that a company has been required to change</heading><subsection eId="d28e2624"><num>(1)</num><content><p>Where a relevant direction has been given to a company to change its name, or it has been ordered under section 73 to change its name, the company must not carry on business in the United Kingdom under the name that it was directed or ordered to change, except as mentioned in subsection <ref href="#d28e2633">(2)</ref>.</p></content></subsection><subsection eId="d28e2633"><num>(2)</num><intro><p>Subsection <ref href="#d28e2624">(1)</ref> does not prevent the use by a company of a name if—</p></intro><level class="para1"><num>(a)</num><content><p>the period for complying with the direction or order has not yet expired,</p></content></level><level class="para1"><num>(b)</num><content><p>the company complied with the direction or order and has since become registered with the name again following approval given under section <ref href="#d28e1270">57B</ref>, or</p></content></level><level class="para1"><num>(c)</num><content><p>the direction was given, or the order was made, before section 25 of the Economic Crime and Corporate Transparency Act 2023 came fully into force.</p></content></level></subsection><subsection><num>(3)</num><intro><p>If a company uses a name in contravention of this section an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(4)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection><subsection><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-company">company</term>” includes an overseas company;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-direction">relevant direction</term>” means a direction under section 67, 75, 76, <ref href="#d28e1828">76A</ref> or <ref href="#d28e2006">76B</ref>, other than a direction under section <ref href="#d28e2006">76B</ref><ref href="#d28e2022">(1)(b)</ref> given on the basis that, at the time at which a company’s name was registered, the Secretary of State had proper grounds for forming the opinion mentioned in section <ref href="#d28e1215">57A</ref>.</p></content></hcontainer></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section><section eId="section-26"><num>26</num><heading>Use of name that another company has been required to change</heading><content><p><mod>After section 1198A of the Companies Act 2006 (inserted by section 25 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>1198B</num><heading>Name that another company has been required to change</heading><subsection eId="d28e2741"><num>(1)</num><content><p>Where a relevant direction has been given to a company to change its name, or it has been ordered under section 73 to change its name, another company must not carry on business in the United Kingdom under the name that the first company was directed or ordered to change if there is a person who has, or has had, a relevant relationship with both companies.</p></content></subsection><subsection><num>(2)</num><intro><p>Subsection <ref href="#d28e2741">(1)</ref> does not prevent the use by a company of a name if—</p></intro><level class="para1"><num>(a)</num><content><p>it is registered under this Act by that name,</p></content></level><level class="para1"><num>(b)</num><content><p>the period for complying with the direction or order has not yet expired, or</p></content></level><level class="para1"><num>(c)</num><content><p>the direction was given, or the order was made, before section 26 of the Economic Crime and Corporate Transparency Act 2023 came fully into force.</p></content></level></subsection><subsection><num>(3)</num><content><p>For the purposes of subsection <ref href="#d28e2741">(1)</ref> it is irrelevant whether the person has, or has had, a relevant relationship with both companies at the same time.</p></content></subsection><subsection><num>(4)</num><intro><p>For the purposes of this section a person has a “relevant relationship” with a company if the person is—</p></intro><level class="para1"><num>(a)</num><content><p>an officer, or</p></content></level><level class="para1"><num>(b)</num><content><p>a member or former member.</p></content></level></subsection><subsection><num>(5)</num><intro><p>If a company uses a name in contravention of this section an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(6)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection><subsection><num>(7)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-company">company</term>” includes an overseas company;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-direction">relevant direction</term>” means a direction under section 67, 75, <ref href="#d28e1828">76A</ref> or <ref href="#d28e2006">76B</ref>, other than a direction under section <ref href="#d28e2006">76B</ref><ref href="#d28e2022">(1)(b)</ref> given on the basis that, at the time at which a company’s name was registered, the Secretary of State had proper grounds for forming the opinion mentioned in section <ref href="#d28e1215">57A</ref>.</p></content></hcontainer></subsection></section></quotedStructure></mod></p></content></section><section eId="section-27"><num>27</num><heading>Use of names: exceptions based on national security etc</heading><content><p><mod>After section 1199 of the Companies Act 2006 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>1199A</num><heading>Exceptions based on national security etc</heading><subsection><num>(1)</num><intro><p>The Secretary of State may, by written notice given to a person, provide that a prohibition imposed by this Chapter does not apply in relation to the carrying on of a business by that person under a name specified in the notice, if satisfied that to do so is necessary—</p></intro><level class="para1"><num>(a)</num><content><p>in the interests of national security, or</p></content></level><level class="para1" eId="d28e2891"><num>(b)</num><content><p>for the purposes of preventing or detecting serious crime.</p></content></level></subsection><subsection><num>(2)</num><intro><p>For the purposes of subsection <ref href="#d28e2891">(1)(b)</ref>—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-crime">crime</term>” means conduct which—</p></intro><level class="para2"><num>(i)</num><content><p>constitutes a criminal offence, or</p></content></level><level class="para2"><num>(ii)</num><content><p>is, or corresponds to, any conduct which, if it all took place in any one part of the United Kingdom, would constitute a criminal offence, and</p></content></level></level><level class="para1"><num>(b)</num><intro><p>crime is “serious” if—</p></intro><level class="para2"><num>(i)</num><content><p>the offence which is or would be constituted by the conduct is an offence for which the maximum sentence (in any part of the United Kingdom) is imprisonment for 3 years or more, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the conduct involves the use of violence, results in substantial financial gain or is conduct by a large number of persons in pursuit of a common purpose.</p></content></level></level></subsection></section></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-registered-offices"><heading>Registered offices</heading><section eId="section-28"><num>28</num><heading>Registered office: appropriate address</heading><subsection eId="section-28-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-28-2"><num>(2)</num><content><p><mod>In section 9 (registration documents), in subsection (5)(a), at the end insert <quotedText>“, which must be an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-28-3"><num>(3)</num><content><p><mod>For section 86 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e2987"><num>86</num><heading>Duty to ensure registered office at appropriate address</heading><subsection eId="d28e2991"><num>(1)</num><content><p>A company must ensure that its registered office is at all times at an appropriate address.</p></content></subsection><subsection eId="d28e2997"><num>(2)</num><intro><p>An address is an “appropriate address” if, in the ordinary course of events—</p></intro><level class="para1"><num>(a)</num><content><p>a document addressed to the company, and delivered there by hand or by post, would be expected to come to the attention of a person acting on behalf of the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>the delivery of documents there is capable of being recorded by the obtaining of an acknowledgement of delivery.</p></content></level></subsection><subsection><num>(3)</num><intro><p>If a company fails, without reasonable excuse, to comply with this section an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(5)</num><content><p>Subsection <ref href="#d28e2991">(1)</ref> does not apply in relation to a company during any period for which the address of its registered office is a default address nominated by virtue of section 1097A(3)(h).</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-28-4"><num>(4)</num><content><p><mod>In section 87 (change of address of registered office), after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><content><p>The notice must include a statement that the new address is an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-28-5"><num>(5)</num><content><p>In section 853B (duties to notify a relevant event), omit paragraph (a).</p></content></subsection><subsection eId="section-28-6"><num>(6)</num><content><p><mod>After section 853C insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e3094"><num>853CA</num><heading>Duty to notify a change in registered office</heading><subsection><num>(1)</num><intro><p>This section applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a company makes a confirmation statement,</p></content></level><level class="para1"><num>(b)</num><content><p>the company’s registered office is not at an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>, and</p></content></level><level class="para1"><num>(c)</num><content><p>the company has not given a notice under section 87 (change of registered office) that is awaiting registration by the registrar.</p></content></level></subsection><subsection><num>(2)</num><content><p>The company must deliver a notice under section 87 at the same time as it delivers the confirmation statement.</p></content></subsection></section></quotedStructure></mod></p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-registered-email-addresses"><heading>Registered email addresses</heading><section eId="section-29"><num>29</num><heading>Registered email addresses etc</heading><subsection eId="section-29-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-29-2"><num>(2)</num><content><p><mod>In section 9 (registration documents), in subsection (5), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e3158"><num>(aa)</num><content><p>a statement of the intended registered email address of the company, which must be an appropriate email address within the meaning given by section <ref href="#d28e3202">88A</ref><ref href="#d28e3212">(2)</ref>;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-29-3"><num>(3)</num><content><p><mod>In section 16 (effect of registration), in subsection (4), after “status” insert <quotedText>“, registered email address”</quotedText>.</mod></p></content></subsection><subsection eId="section-29-4"><num>(4)</num><content><p><mod>In the heading to Part 6 (a company’s registered office), after “registered office” insert <quotedText>“and email address”</quotedText>.</mod></p></content></subsection><subsection eId="section-29-5"><num>(5)</num><content><p><mod>After section 88 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Registered email address</heading><section eId="d28e3202"><num>88A</num><heading>Duty to maintain a registered email address</heading><subsection eId="d28e3206"><num>(1)</num><content><p>A company must ensure that its registered email address is at all times an appropriate email address.</p></content></subsection><subsection eId="d28e3212"><num>(2)</num><content><p>An email address is an “appropriate email address” if, in the ordinary course of events, emails sent to it by the registrar would be expected to come to the attention of a person acting on behalf of the company.</p></content></subsection><subsection><num>(3)</num><intro><p>If a company fails, without reasonable excuse, to comply with this section an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></section><section eId="d28e3257"><num>88B</num><heading>Change of registered email address</heading><subsection><num>(1)</num><content><p>A company may change its registered email address by giving notice to the registrar.</p></content></subsection><subsection eId="d28e3267"><num>(2)</num><content><p>The notice must include a statement that the new address is an appropriate email address within the meaning given by section <ref href="#d28e3202">88A</ref><ref href="#d28e3267">(2)</ref>.</p></content></subsection><subsection><num>(3)</num><content><p>The change takes effect upon the notice being registered by the registrar.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-29-6"><num>(6)</num><content><p><mod>After section <ref href="#d28e3094">853CA</ref> (inserted by section 28 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e3297"><num>853CB</num><heading>Duty to notify a change in registered email address</heading><subsection><num>(1)</num><intro><p>This section applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a company makes a confirmation statement,</p></content></level><level class="para1"><num>(b)</num><content><p>the company’s registered email address is not an appropriate email address within the meaning given by section <ref href="#d28e3202">88A</ref><ref href="#d28e3212">(2)</ref>, and</p></content></level><level class="para1"><num>(c)</num><content><p>the company has not given a notice under section <ref href="#d28e3257">88B</ref> (change of registered email address) that is awaiting registration by the registrar.</p></content></level></subsection><subsection><num>(2)</num><content><p>The company must deliver a notice under section <ref href="#d28e3257">88B</ref> at the same time as it delivers the confirmation statement.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-29-7"><num>(7)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), before paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(za)</num><intro><p>an email address delivered to the registrar under—</p></intro><level class="para2"><num>(i)</num><content><p>section 9(5)<ref href="#d28e3158">(aa)</ref> or <ref href="#d28e3257">88B</ref> (initial registered email address and change of address);</p></content></level><level class="para2"><num>(ii)</num><content><p>section 30 of the Economic Crime and Corporate Transparency Act 2023 (company’s registered email address: transitional provision);</p></content></level></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-29-8"><num>(8)</num><content><p>In section 1115 (supplementary provisions relating to electronic communications), omit subsection (1).</p></content></subsection><subsection eId="section-29-9"><num>(9)</num><intro><p>In Schedule 4 (documents and information sent or supplied to a company)—</p></intro><level class="para1" eId="section-29-9-a"><num>(a)</num><content><p><mod>after Part 2 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><part><num>PART 2A</num><heading>Communications in electronic form from the registrar or the Secretary of State</heading><paragraph class="schProv1"><num>4A</num><subparagraph><num>(1)</num><content><p>A document or information is validly sent or supplied to a company by the registrar or the Secretary of State if it is sent or supplied in electronic form in accordance with sub-paragraph <ref href="#d28e3415">(2)</ref> or <ref href="#d28e3433">(3)</ref>.</p></content></subparagraph><subparagraph eId="d28e3415"><num>(2)</num><intro><p>Where the document or information is sent or supplied by electronic means it may only be sent—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a company registered under this Act, to the company’s registered email address;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of any company, to an address specified by the company for that purpose (generally or specifically).</p></content></level></subparagraph><subparagraph eId="d28e3433"><num>(3)</num><content><p>Where the document or information is sent or supplied in electronic form by hand or by post, it must be sent or supplied to an address to which it could be validly sent if it were in hard copy form.</p></content></subparagraph></paragraph></part></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-29-9-b"><num>(b)</num><content><p><mod>in the heading of Part 3, at the end insert <quotedText>“in other cases”</quotedText>;</mod></p></content></level><level class="para1" eId="section-29-9-c"><num>(c)</num><content><p><mod>in paragraph 5, after “company” insert <quotedText>“by a person other than the registrar or the Secretary of State”</quotedText>.</mod></p></content></level></subsection></section><section eId="section-30"><num>30</num><heading>Registered email addresses: transitional provision</heading><subsection eId="section-30-1"><num>(1)</num><content><p>This section applies in relation to a company registered under the Companies Act 2006 in pursuance of an application for registration delivered to the registrar before section 29<ref href="#section-29-2">(2)</ref> comes fully into force.</p></content></subsection><subsection eId="section-30-2"><num>(2)</num><intro><p>On the first occasion on which the company delivers a confirmation statement with a confirmation date that is after the day on which section 29<ref href="#section-29-2">(2)</ref> comes fully into force—</p></intro><level class="para1" eId="section-30-2-a"><num>(a)</num><content><p>it must, at the same time, deliver to the registrar a statement specifying its registered email address for the purposes of section <ref href="#d28e3202">88A</ref> of that Act (inserted by section 29 of this Act);</p></content></level><level class="para1" eId="section-30-2-b"><num>(b)</num><content><p>section <ref href="#d28e3297">853CB</ref> of that Act (inserted by section 29 of this Act) does not apply.</p></content></level></subsection><subsection eId="section-30-3"><num>(3)</num><content><p>Section 853A(1)<ref href="#d28e7953">(b)(ii)</ref> of the Companies Act 2006 (as substituted by section 59 of this Act) has effect as if it included a reference to the duty imposed by subsection <ref href="#section-30-2">(2)</ref> (and section 853L of that Act applies accordingly).</p></content></subsection><subsection eId="section-30-4"><num>(4)</num><content><p>Section <ref href="#d28e3202">88A</ref> of the Companies Act 2006 (inserted by section 29 of this Act) does not apply in relation to the company until it has delivered the confirmation statement mentioned in subsection <ref href="#section-30-2">(2)</ref> or, if it does not deliver the statement on time, the latest time by which it was required to do so.</p></content></subsection><subsection eId="section-30-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-confirmation-statement" eId="term-confirmation-statement">confirmation statement</term>” has the meaning given by section 853A of the Companies Act 2006;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the meaning given by section 1060(3) of the Companies Act 2006.</p></content></hcontainer></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-disqualification-in-relation-to-companies"><heading>Disqualification in relation to companies</heading><section eId="section-31"><num>31</num><heading>Disqualification for persistent breaches of companies legislation: GB</heading><subsection eId="section-31-1"><num>(1)</num><content><p>Section 3 of the Company Directors Disqualification Act 1986 (disqualification for persistent breaches of companies legislation) is amended as follows.</p></content></subsection><subsection eId="section-31-2"><num>(2)</num><content><p><mod>In subsection (1), for the words from “provisions of the companies legislation” to the end substitute <quotedText>“relevant provisions of the companies legislation (see subsection <ref href="#d28e3637">(3B)</ref>)”</quotedText>.</mod></p></content></subsection><subsection eId="section-31-3"><num>(3)</num><content><p><mod>In subsection (2), for “such provisions as are mentioned above” substitute <quotedText>“relevant provisions of the companies legislation”</quotedText>.</mod></p></content></subsection><subsection eId="section-31-4"><num>(4)</num><intro><p>In subsection (3)—</p></intro><level class="para1" eId="section-31-4-a"><num>(a)</num><content><p><mod>for “provision of that legislation” substitute <quotedText>“such provision”</quotedText>;</mod></p></content></level><level class="para1" eId="section-31-4-b"><num>(b)</num><content><p><mod>after paragraph (a) (but before the “or” at the end of that paragraph) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e3610"><num>(aa)</num><intro><p>a financial penalty is imposed on the person in respect of such an offence by virtue of regulations under—</p></intro><level class="para2"><num>(i)</num><content><p>section 1132A of the Companies Act 2006, or</p></content></level><level class="para2"><num>(ii)</num><content><p>section 39 of the Economic Crime (Transparency and Enforcement) Act 2022,</p></content></level></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subsection><subsection eId="section-31-5"><num>(5)</num><content><p><mod>After subsection (3A) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e3637"><num>(3B)</num><intro><p>In this section “<term refersTo="#term-relevant-provisions-of-the-companies-legislation">relevant provisions of the companies legislation</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>any provision of the companies legislation requiring any return, account or other document to be filed with, delivered or sent, or notice of any matter to be given, to the registrar of companies,</p></content></level><level class="para1"><num>(b)</num><content><p>sections 167M and 167N of the Companies Act 2006 (prohibitions on acting as director where identity not verified or where there has been a failure to notify a directorship), and</p></content></level><level class="para1" eId="d28e3658"><num>(c)</num><content><p>sections <ref href="#d28e8729">790LQ</ref> and <ref href="#d28e8815">790LR</ref> of the Companies Act 2006 (persons with significant control: ongoing duties in relation to identity verification).</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-31-6"><num>(6)</num><content><p><mod>For subsection (4A) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4A)</num><intro><p>In this section “<term refersTo="#term-the-companies-legislation">the companies legislation</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>the Companies Acts,</p></content></level><level class="para1"><num>(b)</num><content><p>Parts A1 to 7 of the Insolvency Act 1986 (company insolvency and winding up), and</p></content></level><level class="para1"><num>(c)</num><content><p>Part 1 of the Economic Crime (Transparency and Enforcement) Act 2022 (registration of overseas entities).</p></content></level></subsection></quotedStructure></mod></p></content></subsection></section><section eId="section-32"><num>32</num><heading>Disqualification for persistent breaches of companies legislation: NI</heading><subsection eId="section-32-1"><num>(1)</num><content><p>The Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00001" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4)</ref>) is amended as follows.</p></content></subsection><subsection eId="section-32-2"><num>(2)</num><intro><p>In Article 6 (disqualification for persistent breaches of companies legislation)—</p></intro><level class="para1" eId="section-32-2-a"><num>(a)</num><content><p><mod>in paragraph (1), for the words from “provisions of the companies legislation” to the end substitute <quotedText>“relevant provisions of the companies legislation (see paragraph <ref href="#d28e3783">(3ZA)</ref>)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-32-2-b"><num>(b)</num><content><p><mod>in paragraph (2), for “such provisions as are mentioned in paragraph (1)” substitute <quotedText>“relevant provisions of the companies legislation”</quotedText>;</mod></p></content></level><level class="para1" eId="section-32-2-c"><num>(c)</num><content><p><mod>in paragraph (3), after sub-paragraph (a) (but before the “or” at the end of that sub-paragraph) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e3756"><num>(aa)</num><intro><p>a financial penalty is imposed on the person by the registrar in respect of such an offence by virtue of regulations under—</p></intro><level class="para2"><num>(i)</num><content><p>section 1132A of the Companies Act 2006, or</p></content></level><level class="para2"><num>(ii)</num><content><p>section 39 of the Economic Crime (Transparency and Enforcement) Act 2022,</p></content></level></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-32-2-d"><num>(d)</num><content><p><mod>after paragraph (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph eId="d28e3783"><num>(3ZA)</num><intro><p>In this Article “<term refersTo="#term-relevant-provisions-of-the-companies-legislation">relevant provisions of the companies legislation</term>” means—</p></intro><level class="para1" eId="d28e3792"><num>(a)</num><content><p>any provision of the companies legislation requiring any return, account or other document to be filed with, delivered or sent, or notice of any matter to be given, to the registrar,</p></content></level><level class="para1"><num>(b)</num><content><p>sections 167M and 167N of the Companies Act 2006 (prohibitions on acting as director where identity not verified or where there has been a failure to notify a directorship), and</p></content></level><level class="para1"><num>(c)</num><content><p>sections <ref href="#d28e8729">790LQ</ref> and <ref href="#d28e8815">790LR</ref> of the Companies Act 2006 (persons with significant control: ongoing duties in relation to identity verification).</p></content></level></paragraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-32-2-e"><num>(e)</num><content><p><mod>for paragraph (3A) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph><num>(3A)</num><intro><p>In this Article “<term refersTo="#term-the-companies-legislation">the companies legislation</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>the Companies Acts,</p></content></level><level class="para1"><num>(b)</num><content><p>Parts 1A to 7 of the Insolvency (Northern Ireland) Order 1989 (company insolvency and winding up), and</p></content></level><level class="para1"><num>(c)</num><content><p>Part 1 of the Economic Crime (Transparency and Enforcement) Act 2022 (registration of overseas entities).</p></content></level></paragraph></quotedStructure></mod></p></content></level></subsection><subsection eId="section-32-3"><num>(3)</num><content><p><mod>In Article 25A (application of Order to registered societies), in paragraph (2)(c), for “Articles 6(1) and 8(1)” substitute <quotedText>“Article 6<ref href="#d28e3792">(3ZA)(a)</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-32-4"><num>(4)</num><content><p><mod>In Article 25B (application of Order to credit unions), in paragraph (3)(b), for “Articles 6(1) and 8(1) references” substitute <quotedText>“Article 6<ref href="#d28e3792">(3ZA)(a)</ref> the reference”</quotedText>.</mod></p></content></subsection></section><section eId="section-33"><num>33</num><heading>Disqualification on summary conviction: GB</heading><subsection eId="section-33-1"><num>(1)</num><content><p>Section 5 of the Company Directors Disqualification Act 1986 (disqualification on summary conviction) is amended as follows.</p></content></subsection><subsection eId="section-33-2"><num>(2)</num><content><p><mod>In subsection (1), for the words from “provision of the companies legislation” to “the registrar of companies” substitute <quotedText>“of the relevant provisions of the companies legislation”</quotedText>.</mod></p></content></subsection><subsection eId="section-33-3"><num>(3)</num><content><p><mod>For subsection (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><content><p>Those circumstances are that, during the 5 years ending with the date of the conviction, there have been no fewer than 3 relevant findings of guilt in relation to the person.</p></content></subsection><subsection><num>(3A)</num><intro><p>For these purposes, there is a relevant finding of guilt in relation to the person if —</p></intro><level class="para1"><num>(a)</num><content><p>the person is convicted of an offence counting for the purposes of this section (including the offence of which the person is convicted as mentioned in subsection (2) and any other offence of which the person is convicted on the same occasion),</p></content></level><level class="para1"><num>(b)</num><content><p>a financial penalty of the kind mentioned in section 3(3)(aa) is imposed on the person, or</p></content></level><level class="para1"><num>(c)</num><content><p>a default order within the meaning of section 3(3)(b) is made against the person.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-33-4"><num>(4)</num><content><p>In subsection (4), omit paragraph (b) and the “and” before it.</p></content></subsection><subsection eId="section-33-5"><num>(5)</num><content><p><mod>For subsection (4A) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4A)</num><content><p>In this section “<term refersTo="#term-relevant-provisions-of-the-companies-legislation">relevant provisions of the companies legislation</term>” has the meaning given by section 3(3B).</p></content></subsection></quotedStructure></mod></p></content></subsection></section><section eId="section-34"><num>34</num><heading>Disqualification on summary conviction: NI</heading><subsection eId="section-34-1"><num>(1)</num><content><p>Article 8 of the Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00002" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4)</ref>) (disqualification on summary conviction) is amended as follows.</p></content></subsection><subsection eId="section-34-2"><num>(2)</num><content><p><mod>In paragraph (1), for the words from “provision of the companies legislation” to “the registrar” substitute <quotedText>“of the relevant provisions of the companies legislation”</quotedText>.</mod></p></content></subsection><subsection eId="section-34-3"><num>(3)</num><content><p><mod>For paragraph (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph><num>(3)</num><content><p>Those circumstances are that, during the 5 years ending with the date of the conviction, there have been no fewer than 3 relevant findings of guilt in relation to the person.</p></content></paragraph><paragraph><num>(3A)</num><intro><p>For these purposes, there is a relevant finding of guilt in relation to the person if —</p></intro><level class="para1"><num>(a)</num><content><p>the person is convicted of an offence counting for the purposes of this Article (including the offence of which the person is convicted as mentioned in paragraph (2) and any other offence of which the person is convicted on the same occasion),</p></content></level><level class="para1"><num>(b)</num><content><p>a financial penalty of the kind mentioned in Article 6(3)(aa) is imposed on the person, or</p></content></level><level class="para1"><num>(c)</num><content><p>a default order within the meaning of Article 6(3)(b) is made against the person.</p></content></level></paragraph></quotedStructure></mod></p></content></subsection><subsection eId="section-34-4"><num>(4)</num><content><p>Omit paragraph (4).</p></content></subsection><subsection eId="section-34-5"><num>(5)</num><content><p><mod>For paragraph (4A) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph><num>(4A)</num><content><p>In this Article “<term refersTo="#term-relevant-provisions-of-the-companies-legislation">relevant provisions of the companies legislation</term>” has the meaning given by Article 6(3ZA).</p></content></paragraph></quotedStructure></mod></p></content></subsection></section><section eId="section-35"><num>35</num><heading>Power to impose director disqualification sanctions</heading><subsection eId="section-35-1"><num>(1)</num><content><p>The Sanctions and Anti-Money Laundering Act 2018 is amended as follows.</p></content></subsection><subsection eId="section-35-2"><num>(2)</num><content><p><mod>In section 1 (power to make sanctions regulations), in subsection (5), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e4067"><num>(aa)</num><content><p>impose director disqualification sanctions (see section <ref href="#d28e4088">3A</ref>);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-35-3"><num>(3)</num><content><p><mod>After section 3 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e4088"><num>3A</num><heading>Director disqualification sanctions</heading><subsection><num>(1)</num><intro><p>For the purposes of section 1(5)<ref href="#d28e4067">(aa)</ref> regulations “impose director disqualification sanctions” if they provide for designated persons (see section 9) to be persons subject to director disqualification sanctions for the purposes of—</p></intro><level class="para1"><num>(a)</num><content><p>section 11A of the Company Directors Disqualification Act 1986, and</p></content></level><level class="para1"><num>(b)</num><content><p>Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002.</p></content></level></subsection><subsection><num>(2)</num><intro><p>As to the effect of such provision, see—</p></intro><level class="para1"><num>(a)</num><content><p>section 11A of the Company Directors Disqualification Act 1986, and</p></content></level><level class="para1"><num>(b)</num><content><p>Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002.</p></content></level></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-35-4"><num>(4)</num><intro><p>In section 9 (“designated persons”)—</p></intro><level class="para1" eId="section-35-4-a"><num>(a)</num><content><p><mod>in subsection (1), for “3 and 4” substitute <quotedText>“3 to 4”</quotedText>;</mod></p></content></level><level class="para1" eId="section-35-4-b"><num>(b)</num><content><p><mod>in subsection (3), after “3,” insert <quotedText>“<ref href="#d28e4088">3A</ref>,”</quotedText>.</mod></p></content></level></subsection><subsection eId="section-35-5"><num>(5)</num><content><p><mod>In section 15 (exceptions and licences), after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e4165"><num>(3A)</num><intro><p>Where regulations provide for designated persons to be persons subject to director disqualification sanctions for the purposes of section 11A of the Company Directors Disqualification Act 1986 and Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002, the regulations may—</p></intro><level class="para1"><num>(a)</num><content><p>create exceptions from subsection (1) of that section or paragraph (1) of that Article;</p></content></level><level class="para1"><num>(b)</num><content><p>confer power on an appropriate Minister to issue a licence to authorise a designated person to do anything that would otherwise be prohibited by subsection (1) of that section or paragraph (1) of that Article.</p></content></level></subsection><subsection><num>(3B)</num><content><p>Regulations may, as respects any licences provided for under subsection <ref href="#d28e4165">(3A)</ref>, make any provision mentioned (in relation to licences) in subsection (3).</p></content></subsection></quotedStructure></mod></p></content></subsection></section><section eId="section-36"><num>36</num><heading>Disqualification of persons designated under sanctions legislation: GB</heading><subsection eId="section-36-1"><num>(1)</num><content><p>The Company Directors Disqualification Act 1986 is amended as follows.</p></content></subsection><subsection eId="section-36-2"><num>(2)</num><content><p><mod>After section 11 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e4217"><num>11A</num><heading>Designated persons under sanctions legislation</heading><subsection eId="d28e4221"><num>(1)</num><content><p>It is an offence for a person who is subject to director disqualification sanctions to act as a director of a company or directly or indirectly to take part in or be concerned in the promotion, formation or management of a company (but see subsection <ref href="#d28e4230">(2)</ref>).</p></content></subsection><subsection eId="d28e4230"><num>(2)</num><intro><p>Subsection <ref href="#d28e4221">(1)</ref> does not apply—</p></intro><level class="para1"><num>(a)</num><content><p>to the extent that an exception from subsection (1) has been created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, or</p></content></level><level class="para1"><num>(b)</num><content><p>to anything done under the authority of a licence issued by virtue of section 15(3A) of that Act.</p></content></level></subsection><subsection><num>(3)</num><content><p>It is a defence for a person charged with an offence under this section to prove that they did not know and could not reasonably have been expected to know that they were subject to director disqualification sanctions at the time at which they engaged in that conduct.</p></content></subsection><subsection><num>(4)</num><content><p>In this section “<term refersTo="#term-person-who-is-subject-to-director-disqualification-sanctions">person who is subject to director disqualification sanctions</term>” means a person who under regulations under section 1 of the Sanctions and Anti-Money Laundering Act 2018 is a person subject to director disqualification sanctions for the purposes of this section and Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002 (see section 3A of the Sanctions and Anti-Money Laundering Act 2018).</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-36-3"><num>(3)</num><content><p><mod>In section 13 (criminal penalties), after “section 11” insert <quotedText>“or <ref href="#d28e4217">11A</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-36-4"><num>(4)</num><content><p><mod>In section 14 (offences by body corporate), for subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><intro><p>a body corporate is—</p></intro><level class="para2"><num>(i)</num><content><p>guilty of an offence of acting in contravention of a disqualification order or disqualification undertaking or in contravention of section 12A or 12B, or</p></content></level><level class="para2"><num>(ii)</num><content><p>guilty of an offence under section 11A, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>it is proved that the offence occurred with the consent or connivance of, or was attributable to any neglect on the part of any director, manager, secretary or other similar officer of the body corporate, or any person who was purporting to act in any such capacity,</p></content></level><wrapUp><p>the person, as well as the body corporate, is guilty of the offence and liable to be proceeded against and punished accordingly.</p></wrapUp></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-36-5"><num>(5)</num><intro><p>In section 15 (personal liability for company’s debts where person acts while disqualified)—</p></intro><level class="para1" eId="section-36-5-a"><num>(a)</num><content><p><mod>in subsection (1)(a), after “section 11” insert <quotedText>“, <ref href="#d28e4217">11A</ref>”</quotedText>;</mod></p></content></level><level class="para1" eId="section-36-5-b"><num>(b)</num><content><p>omit the “or” at the end of subsection (1)(a);</p></content></level><level class="para1" eId="section-36-5-c"><num>(c)</num><content><p><mod>after subsection (1)(b) insert <quotedText startQuote="“">, or</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><intro><p>as a person who is involved in the management of the company, they act or are willing to act on instructions where—</p></intro><level class="para2"><num>(i)</num><content><p>the instructions are given by a person whom they know at that time to be subject to director disqualification sanctions (within the meaning of section 11A),</p></content></level><level class="para2"><num>(ii)</num><content><p>the giving of the instructions does not fall within any exception from section 11A(1) created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, and</p></content></level><level class="para2"><num>(iii)</num><content><p>the instructions are not authorised,</p></content></level><wrapUp><p>(but see subsection (3A)).</p></wrapUp></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-36-5-d"><num>(d)</num><content><p><mod>in subsection (3)(b), after “(b)” insert <quotedText>“or (c)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-36-5-e"><num>(e)</num><content><p><mod>after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>a person who is subject to director disqualification sanctions (within the meaning of section 11A) is not personally responsible under subsection (1)(a) for any relevant debts of the company incurred at a time when the person did not know and could not reasonably have been expected to know that they were subject to director disqualification sanctions;</p></content></level><level class="para1"><num>(b)</num><content><p>a person is not personally responsible under subsection (1)(c) for any relevant debts of the company incurred at a time when the person reasonably believed that the instructions were authorised.</p></content></level></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-36-5-f"><num>(f)</num><content><p><mod>after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6)</num><intro><p>Subsection <ref href="#d28e4468">(7)</ref> applies where a person (“<term refersTo="#term-p">P</term>”) at any time—</p></intro><level class="para1"><num>(a)</num><content><p>was involved in the management of a company, and</p></content></level><level class="para1"><num>(b)</num><intro><p>acted on instructions where—</p></intro><level class="para2"><num>(i)</num><content><p>the instructions were given by a person (“<term refersTo="#term-d">D</term>”) whom P knew at that time to be subject to director disqualification sanctions (within the meaning of section 11A),</p></content></level><level class="para2"><num>(ii)</num><content><p>the giving of the instructions did not fall within any exception from section 11A(1) created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, and</p></content></level><level class="para2"><num>(iii)</num><content><p>the instructions were not authorised,</p></content></level></level><wrapUp><p>unless P reasonably believed at that time that the instructions were authorised.</p></wrapUp></subsection><subsection eId="d28e4468"><num>(7)</num><content><p>For the purposes of this section P is presumed, unless the contrary is shown, to have been willing at any time thereafter to act on any instructions given by D.</p></content></subsection><subsection><num>(8)</num><content><p>For the purposes of this section instructions are “authorised” if they are given under the authority of a licence issued by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-36-6"><num>(6)</num><content><p><mod>In section 18 (register of disqualification orders and undertakings), in subsection (2A), after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>persons who are subject to director disqualification sanctions within the meaning of section 11A;</p></content></level><level class="para1"><num>(e)</num><content><p>any licences issued by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018.</p></content></level></quotedStructure></mod></p></content></subsection><subsection eId="section-36-7"><num>(7)</num><content><p><mod>In section 21 (interaction with Insolvency Act), in subsection (4), after “section 11” insert <quotedText>“, <ref href="#d28e4217">11A</ref>”</quotedText>.</mod></p></content></subsection></section><section eId="section-37"><num>37</num><heading>Section 36: application to other bodies</heading><subsection eId="section-37-1"><num>(1)</num><content><p>The Company Directors Disqualification Act 1986 is amended as follows.</p></content></subsection><subsection eId="section-37-2"><num>(2)</num><content><p><mod>In section 22A (application of Act to building societies), in subsection (3A)(a), for “and 7(2)(b)” substitute <quotedText>“, 7(2)(b) and 11A”</quotedText>.</mod></p></content></subsection><subsection eId="section-37-3"><num>(3)</num><content><p><mod>In section 22B (application of Act to incorporated friendly societies), in subsection (3A)(a), for “and 8ZA to 8ZE” substitute <quotedText>“, 8ZA to 8ZE and 11A”</quotedText>.</mod></p></content></subsection><subsection eId="section-37-4"><num>(4)</num><content><p><mod>In section 22C (application of Act to NHS foundation trusts), in subsection (2A)(a), for “and 7(2)(b)” substitute <quotedText>“, 7(2)(b) and 11A”</quotedText>.</mod></p></content></subsection><subsection eId="section-37-5"><num>(5)</num><content><p><mod>In section 22E (application of Act to registered societies), in subsection (4)(f), for “and 8ZA to 8ZE” substitute <quotedText>“, 8ZA to 8ZE and 11A”</quotedText>.</mod></p></content></subsection><subsection eId="section-37-6"><num>(6)</num><content><p><mod>In section 22F (application of Act to charitable incorporated organisations), in subsection (3), after paragraph (d) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(da)</num><content><p>section 11A is to be disregarded;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-37-7"><num>(7)</num><content><p><mod>In section 22G (application of Act to further education bodies), in subsection (3), after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>section 11A is to be disregarded.</p></content></level></quotedStructure></mod></p></content></subsection><subsection eId="section-37-8"><num>(8)</num><content><p><mod>In section 22H (application of Act to protected cell companies), in subsection (4)(za), in subsection (4)(za), for “and 7(2)(b)” substitute <quotedText>“, 7(2)(b) and 11A”</quotedText>.</mod></p></content></subsection><subsection eId="section-37-9"><num>(9)</num><content><p>The Secretary of State may by regulations repeal any of the previous subsections of this section before the subsection is brought into force.</p></content></subsection></section><section eId="section-38"><num>38</num><heading>Disqualification of persons designated under sanctions legislation: NI</heading><subsection eId="section-38-1"><num>(1)</num><content><p>The Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00003" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4)</ref>) is amended as follows.</p></content></subsection><subsection eId="section-38-2"><num>(2)</num><content><p><mod>After Article 15 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><article eId="d28e4633"><heading>Designated persons under sanctions legislation</heading><num>15A</num><paragraph><num>(1)</num><content><p>It is an offence for a person who is subject to director disqualification sanctions to act as a director of a company or directly or indirectly to take part in or be concerned in the promotion, formation or management of a company (but see paragraph <ref href="#d28e4646">(2)</ref>).</p></content></paragraph><paragraph eId="d28e4646"><num>(2)</num><intro><p>Paragraph (1) does not apply—</p></intro><level class="para1"><num>(a)</num><content><p>to the extent that an exception from paragraph (1) has been created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, or</p></content></level><level class="para1"><num>(b)</num><content><p>to anything done under the authority of a licence issued by virtue of section 15(3A) of that Act.</p></content></level></paragraph><paragraph><num>(3)</num><content><p>It is a defence for a person charged with an offence under this Article to prove that they did not know and could not reasonably have been expected to know that they were subject to director disqualification sanctions at the time at which they engaged in that conduct.</p></content></paragraph><paragraph><num>(4)</num><content><p>In this Article “<term refersTo="#term-person-who-is-subject-to-director-disqualification-sanctions">person who is subject to director disqualification sanctions</term>” means a person who under regulations under section 1 of the Sanctions and Anti-Money Laundering Act 2018 is a person subject to director disqualification sanctions for the purposes of this Article and section 11A of the Company Directors Disqualification Act 1986 (see section 3A of the Sanctions and Anti-Money Laundering Act 2018).</p></content></paragraph></article></quotedStructure></mod></p></content></subsection><subsection eId="section-38-3"><num>(3)</num><intro><p>In Article 18 (criminal penalties)—</p></intro><level class="para1" eId="section-38-3-a"><num>(a)</num><content><p>omit “15,”;</p></content></level><level class="para1" eId="section-38-3-b"><num>(b)</num><content><p><mod>for “and” substitute <quotedText>“; and any person guilty of an offence under this Article or Article 15 or 15A”</quotedText>.</mod></p></content></level></subsection><subsection eId="section-38-4"><num>(4)</num><intro><p>In Article 19 (personal liability for company’s debts where person acts while disqualified)—</p></intro><level class="para1" eId="section-38-4-a"><num>(a)</num><content><p><mod>in paragraph (1)(a), after “Article 15” insert <quotedText>“, 15A”</quotedText>;</mod></p></content></level><level class="para1" eId="section-38-4-b"><num>(b)</num><content><p>omit the “or” at the end of paragraph (1)(a);</p></content></level><level class="para1" eId="section-38-4-c"><num>(c)</num><content><p><mod>after paragraph (1)(b) insert <quotedText startQuote="“">, or</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><intro><p>as a person who is involved in the management of the company, they act or are willing to act on instructions where—</p></intro><level class="para2"><num>(i)</num><content><p>the instructions are given by a person whom they know at that time to be subject to director disqualification sanctions (within the meaning of Article 15A),</p></content></level><level class="para2"><num>(ii)</num><content><p>the giving of the instructions does not fall within any exception from Article 15A(1) created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, and</p></content></level><level class="para2"><num>(iii)</num><content><p>the instructions are not authorised,</p></content></level><wrapUp><p>(but see paragraph (3A)).</p></wrapUp></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-38-4-d"><num>(d)</num><content><p><mod>in paragraph (3)(b), after “(1)(b)” insert <quotedText>“or (c)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-38-4-e"><num>(e)</num><content><p><mod>after paragraph (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph><num>(3A)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>a person who is subject to director disqualification sanctions (within the meaning of Article 15A) is not personally responsible under paragraph (1)(a) for any relevant debts of the company incurred at a time when the person did not know and could not reasonably have been expected to know that they were subject to director disqualification sanctions;</p></content></level><level class="para1"><num>(b)</num><content><p>a person is not personally responsible under paragraph (1)(c) for any relevant debts of the company incurred at a time when the person reasonably believed that the instructions were authorised.</p></content></level></paragraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-38-4-f"><num>(f)</num><content><p><mod>in paragraph (5), in the closing words, after “given” insert <quotedText>“by”</quotedText>;</mod></p></content></level><level class="para1" eId="section-38-4-g"><num>(g)</num><content><p><mod>after paragraph (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph><num>(6)</num><intro><p>Paragraph <ref href="#d28e4857">(7)</ref> applies where a person (“<term refersTo="#term-p">P</term>”) at any time—</p></intro><level class="para1"><num>(a)</num><content><p>was involved in the management of a company, and</p></content></level><level class="para1"><num>(b)</num><intro><p>acted on instructions where—</p></intro><level class="para2"><num>(i)</num><content><p>the instructions were given by a person (“<term refersTo="#term-d">D</term>”) whom P knew at that time to be subject to director disqualification sanctions (within the meaning of Article 15A),</p></content></level><level class="para2"><num>(ii)</num><content><p>the giving of the instructions did not fall within any exception from Article 15A(1) created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, and</p></content></level><level class="para2"><num>(iii)</num><content><p>the instructions were not authorised,</p></content></level></level><wrapUp><p>unless P reasonably believed at that time that the instructions were authorised.</p></wrapUp></paragraph><paragraph eId="d28e4857"><num>(7)</num><content><p>For the purposes of this Article P is presumed, unless the contrary is shown, to have been willing at any time thereafter to act on any instructions given by D.</p></content></paragraph><paragraph><num>(8)</num><content><p>For the purposes of this Article instructions are “authorised” if they are given under the authority of a licence issued by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018.</p></content></paragraph></quotedStructure></mod></p></content></level></subsection><subsection eId="section-38-5"><num>(5)</num><content><p><mod>In Article 22 (register of disqualification orders and undertakings), in paragraph (3), after sub-paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>persons who are subject to director disqualification sanctions within the meaning of Article 15A;</p></content></level><level class="para1"><num>(e)</num><content><p>any licences issued by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018 that authorise such a person to do anything that would otherwise be prohibited by Article 15A(1).</p></content></level></quotedStructure></mod></p></content></subsection></section><section eId="section-39"><num>39</num><heading>Section 38: application to other bodies</heading><subsection eId="section-39-1"><num>(1)</num><content><p>The Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00004" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4)</ref>) is amended as follows.</p></content></subsection><subsection eId="section-39-2"><num>(2)</num><content><p><mod>In Article 24D (application of Order to building societies), in paragraph (3A)(a), for “and 10(2)(b) and (5A)” substitute <quotedText>“, 10(2)(b) and (5A) and <ref href="#d28e4633">15A</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-39-3"><num>(3)</num><content><p><mod>In Article 25 (application of Order to incorporated friendly societies), in paragraph (3A)(a), for “and 11A to 11E” substitute <quotedText>“, 11A to 11E and <ref href="#d28e4633">15A</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-39-4"><num>(4)</num><content><p><mod>In Article 25A (application of Order to registered societies), in paragraph (2)(g), for “and 11A to 11E” substitute <quotedText>“, 11A to 11E and <ref href="#d28e4633">15A</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-39-5"><num>(5)</num><content><p><mod>In Article 25B (application of Order to credit unions), in paragraph (3)(c), for “and 11A to 11E” substitute <quotedText>“, 11A to 11E and <ref href="#d28e4633">15A</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-39-6"><num>(6)</num><content><p><mod>In Article 25C (application of Order to protected cell companies), in paragraph (4)(za), for “and 10(2)(b) and (5A)” substitute <quotedText>“, 10(2)(b) and (5A) and <ref href="#d28e4633">15A</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-39-7"><num>(7)</num><content><p>The Secretary of State may by regulations repeal any of the previous subsections of this section before the subsection is brought into force.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-directors"><heading>Directors</heading><section eId="section-40"><num>40</num><heading>Disqualified directors</heading><subsection eId="section-40-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-40-2"><num>(2)</num><content><p><mod>After section 159 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e5000"><num>159A</num><heading>Disqualified person not to be appointed as director</heading><subsection><num>(1)</num><content><p>A person may not be appointed a director of a company if the person is disqualified under the directors disqualification legislation (see subsection <ref href="#d28e5013">(2)</ref>).</p></content></subsection><subsection eId="d28e5013"><num>(2)</num><intro><p>In the table—</p></intro><level class="para1"><num>(a)</num><intro><p>Part 1 defines “<term refersTo="#term-disqualified-under-the-directors-disqualification-legislation">disqualified under the directors disqualification legislation</term>” for the purposes of provisions of this Act so far as relating to—</p></intro><level class="para2"><num>(i)</num><content><p>a company registered in England and Wales or Scotland, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the delivery of a document to the registrar of companies for England and Wales or Scotland or a statement contained in such a document;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>Part 2 defines “<term refersTo="#term-disqualified-under-the-directors-disqualification-legislation">disqualified under the directors disqualification legislation</term>” for the purposes of provisions of this Act so far as relating to—</p></intro><level class="para2"><num>(i)</num><content><p>a company registered in Northern Ireland, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the delivery of a document to the registrar of companies for Northern Ireland or a statement contained in such a document.</p></content></level></level><wrapUp><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:53%"/><default:col span="1" style="width:47%"/><default:thead><default:tr><default:th><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">For those purposes a person (P) is disqualified under the directors disqualification legislation if:</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Except in the application of the provision in relation to P acting in a capacity, or doing anything, for which P has the permission of a court or the authority of a licence, or in respect of which an exception applies, by virtue of:</p></default:th></default:tr></default:thead><default:tbody><default:tr><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" colspan="2" fo:border-top-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Part 1: England and Wales and Scotland</p></default:th></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is subject to a disqualification order or undertaking under the Company Directors Disqualification Act 1986.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 1(1), 1A(1) or 9B(4) of the 1986 Act.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Any of the circumstances mentioned in section 11 of the Company Directors Disqualification Act 1986 (bankruptcy etc) apply to P.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 11 of the 1986 Act.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is subject to director disqualification sanctions within the meaning of section 11A of the Company Directors Disqualification Act 1986.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018 (exceptions and licences). </p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 12 of the Company Directors Disqualification Act 1986 (disabilities on revocation of administration order against an individual) applies to P.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 12 of the 1986 Act.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is subject to a disqualification order or undertaking mentioned in section 12A or 12B of the Company Directors Disqualification Act 1986 (recognition of Northern Ireland disqualification orders and undertakings).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 12A or 12B of the 1986 Act.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is disqualified as mentioned in section 1184(2)(a) or (b) or is subject to a disqualification undertaking under section 1184(3).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 1184(5).</p></default:td></default:tr><default:tr><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" colspan="2" fo:border-top-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Part 2: Northern Ireland</p></default:th></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is subject to a disqualification order or undertaking under the Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00005" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I.2002/3150 (N.I. 4)</ref>).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Article 3(1), 4(1) or 13B(4) of the 2002 Order.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Any of the circumstances mentioned in Article 15 of the Company Directors Disqualification (Northern Ireland) Order 2002 (bankruptcy etc) apply to P.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Article 15 of the 2002 Order.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is subject to director disqualification sanctions within the meaning of Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018 (exceptions and licences).</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Article 16 of the Company Directors Disqualification (Northern Ireland) Order 2002 (disabilities on revocation of administration order against an individual) applies to P.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Article 16 of the 2002 Order.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is subject to a disqualification order or undertaking mentioned in Article 17 of the Company Directors Disqualification (Northern Ireland) Order 2002 (recognition of GB disqualification orders and undertakings).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Article 17 of the 2002 Order.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is disqualified as mentioned in section 1184(2)(a) or (b) or is subject to a disqualification undertaking under section 1184(3).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 1184(5).</p></default:td></default:tr></default:tbody></default:table></foreign></tblock></wrapUp></subsection><subsection><num>(3)</num><content><p>An appointment made in contravention of this section is void.</p></content></subsection><subsection><num>(4)</num><intro><p>Nothing in this section affects any liability of a person under any provision of the Companies Acts or any other enactment if the person—</p></intro><level class="para1"><num>(a)</num><content><p>purports to act as director, or</p></content></level><level class="para1"><num>(b)</num><content><p>acts as shadow director,</p></content></level><wrapUp><p>although the person could not, by virtue of this section, be validly appointed as a director.</p></wrapUp></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-40-3"><num>(3)</num><content><p><mod>After section 169 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>169A</num><heading>Removal from office of disqualified directors</heading><subsection eId="d28e5182"><num>(1)</num><content><p>A person who has been appointed as a director of a company ceases to hold office by virtue of that appointment if the person becomes disqualified under the directors disqualification legislation (see section <ref href="#d28e5000">159A</ref><ref href="#d28e5013">(2)</ref>).</p></content></subsection><subsection><num>(2)</num><intro><p>Nothing in this section affects any liability of a person under any provision of the Companies Acts or any other enactment, if, having ceased to hold office by virtue of subsection <ref href="#d28e5182">(1)</ref>, the person—</p></intro><level class="para1"><num>(a)</num><content><p>purports to act as director, or</p></content></level><level class="para1"><num>(b)</num><content><p>acts as shadow director.</p></content></level></subsection><subsection><num>(3)</num><content><p>In relation to a person appointed as a director of a company before the time when this section comes into force, the reference in subsection <ref href="#d28e5182">(1)</ref> to a person who becomes disqualified includes a reference to a person who, at that time, is already disqualified.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-40-4"><num>(4)</num><content><p><mod>In Schedule 8 (index of defined expressions), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:70%"/><default:col span="1" style="width:30%"/><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">disqualified under the directors disqualification legislation</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">section <ref href="#d28e5000">159A</ref><ref href="#d28e5013">(2)</ref></p></default:td></default:tr></default:tbody></default:table></foreign></tblock></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-41"><num>41</num><heading>Section 40: amendments to clarify existing corresponding provisions</heading><subsection eId="section-41-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-41-2"><num>(2)</num><intro><p>In section 156C (existing director who is not a natural person)—</p></intro><level class="para1" eId="section-41-2-a"><num>(a)</num><content><p><mod>in subsection (2), for “be a director” substitute <quotedText>“hold office by virtue of that appointment”</quotedText>;</mod></p></content></level><level class="para1" eId="section-41-2-b"><num>(b)</num><content><p><mod>after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>Nothing in this section affects any liability of a person under any provision of the Companies Acts or any other enactment, if, having ceased to hold office by virtue of subsection (2), the person—</p></intro><level class="para1"><num>(a)</num><content><p>purports to act as director, or</p></content></level><level class="para1"><num>(b)</num><content><p>acts as shadow director.</p></content></level></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-41-3"><num>(3)</num><intro><p>In section 158 (power to provide for exceptions from minimum age requirement)—</p></intro><level class="para1" eId="section-41-3-a"><num>(a)</num><content><p><mod>in subsection (3), after “office” insert <quotedText>“by virtue of that appointment”</quotedText>;</mod></p></content></level><level class="para1" eId="section-41-3-b"><num>(b)</num><content><p><mod>after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><intro><p>Nothing in subsection (3) affects any liability of a person under any provision of the Companies Acts or any other enactment, if, having ceased to hold office by virtue of that subsection, the person—</p></intro><level class="para1"><num>(a)</num><content><p>purports to act as director, or</p></content></level><level class="para1"><num>(b)</num><content><p>acts as shadow director.</p></content></level></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-41-4"><num>(4)</num><content><p>Omit section 159 (which is spent).</p></content></subsection></section><section eId="section-42"><num>42</num><heading>Repeal of power to require additional statements</heading><intro><p>In the Companies Act 2006—</p></intro><level class="para1" eId="section-42-a"><num>(a)</num><content><p>omit section 1189 (power to require additional statements in connection with disqualified person becoming director or secretary);</p></content></level><level class="para1" eId="section-42-b"><num>(b)</num><content><p>in sections 1190(1) and 1191(1) (further provision and offences), omit “or 1189”.</p></content></level></section><section eId="section-43"><num>43</num><heading>Prohibition on director acting unless ID verified</heading><content><p><mod>After section <ref href="#d28e33160">167L</ref> of the Companies Act 2006 (inserted by Schedule 2 to this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Directors: duties relating to ID verification and notification</heading><section eId="d28e5391"><num>167M</num><heading>Prohibition on director acting unless ID verified</heading><subsection eId="d28e5395"><num>(1)</num><content><p>An individual must not act as a director of a company unless the individual’s identity is verified (see section 1110A).</p></content></subsection><subsection eId="d28e5401"><num>(2)</num><content><p>A company must ensure that an individual does not act as a director unless the individual’s identity is verified (see section 1110A).</p></content></subsection><subsection eId="d28e5407"><num>(3)</num><content><p>A person who contravenes subsection <ref href="#d28e5395">(1)</ref> commits an offence.</p></content></subsection><subsection eId="d28e5416"><num>(4)</num><intro><p>If a company contravenes subsection <ref href="#d28e5401">(2)</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level><wrapUp><p>For this purpose a shadow director is treated as an officer of the company.</p></wrapUp></subsection><subsection><num>(5)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(6)</num><content><p>The only consequences of contravening subsections <ref href="#d28e5395">(1)</ref> and <ref href="#d28e5401">(2)</ref> are the offences provided for by this section (so that, for example, a contravention does not in any way affect the validity of an individual’s acts as a director).</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section><section eId="section-44"><num>44</num><heading>Prohibition on acting unless directorship notified</heading><content><p><mod>After section <ref href="#d28e5391">167M</ref> of the Companies Act 2006 (inserted by section 43 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e5488"><num>167N</num><heading>Prohibition on acting unless directorship notified</heading><subsection eId="d28e5492"><num>(1)</num><intro><p>This section applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a person has become a director of a company otherwise than on its incorporation, and</p></content></level><level class="para1"><num>(b)</num><content><p>notice under section <ref href="#d28e32750">167G</ref> of the person having done so has not been given within the period mentioned in subsection <ref href="#d28e32871">(6)</ref> of that section.</p></content></level></subsection><subsection eId="d28e5516"><num>(2)</num><content><p>The person may not act as a director of the company until notice is given under section <ref href="#d28e32750">167G</ref>.</p></content></subsection><subsection eId="d28e5525"><num>(3)</num><content><p>A person who contravenes subsection <ref href="#d28e5516">(2)</ref> commits an offence.</p></content></subsection><subsection><num>(4)</num><content><p>Where the offence is committed by a firm, every officer of the firm who is in default also commits the offence.</p></content></subsection><subsection><num>(5)</num><content><p>It is a defence for a person charged with an offence under this section to prove that they reasonably believed that notice had been given under section <ref href="#d28e32750">167G</ref>.</p></content></subsection><subsection><num>(6)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(7)</num><content><p>The only consequence of a contravention of subsection <ref href="#d28e5516">(2)</ref> is the offence provided for by this section (so that, for example, a contravention does not in any way affect the validity of a person’s acts as a director).</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-45"><num>45</num><heading>Registrar’s power to change a director’s service address</heading><content><p><mod>For section 246 of the Companies Act 2006 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>246</num><heading>Putting the address on the public record</heading><subsection><num>(1)</num><intro><p>If the registrar decides in accordance with section 245 that a director‘s usual residential address is to be put on the public record, the registrar must proceed as if each relevant company had given notice under section 167H—</p></intro><level class="para1"><num>(a)</num><content><p>stating a change in the director’s service address, and</p></content></level><level class="para1"><num>(b)</num><content><p>stating the director’s usual residential address as their new service address.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The registrar must give notice of having done so—</p></intro><level class="para1"><num>(a)</num><content><p>to the director, and</p></content></level><level class="para1"><num>(b)</num><content><p>to every relevant company.</p></content></level></subsection><subsection><num>(3)</num><content><p>The notice must state the date of the registrar’s decision to put the director’s usual residential address on the public record.</p></content></subsection><subsection><num>(4)</num><content><p>Where a director’s usual residential address has been put on the public record by the registrar under this section, for the period of five years beginning with the date of the registrar’s decision no service address may be registered for the director other than their usual residential address (but see subsection (5)).</p></content></subsection><subsection><num>(5)</num><intro><p>Subsection (4)—</p></intro><level class="para1"><num>(a)</num><content><p>does not limit the service address that may be registered for the director under regulations under section <ref href="#d28e14962">1097B</ref> (rectification of register), and</p></content></level><level class="para1"><num>(b)</num><content><p>ceases to apply in relation to the director if a new service address is registered for the director under those regulations.</p></content></level></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-relevant-company">relevant company</term>” means each company given notice under section 245(2)(b).</p></content></subsection></section></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-register-of-members"><heading>Register of members</heading><section eId="section-46"><num>46</num><heading>Register of members: information to be included and powers to obtain it</heading><subsection eId="section-46-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-46-2"><num>(2)</num><content><p><mod>In section 112 (the members of a company), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><content><p>Where an individual’s name is entered in a company’s register of members but is not in the form required by section <ref href="#d28e5904">113A</ref>, that does not affect the person becoming a member of the company by virtue of subsection (2).</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-46-3"><num>(3)</num><content><p><mod>For the italic heading “General” at the beginning of Chapter 2 of Part 8 substitute <quotedText>“Duty to keep register”</quotedText>.</mod></p></content></subsection><subsection eId="section-46-4"><num>(4)</num><intro><p>In section 113 (register of members)—</p></intro><level class="para1" eId="section-46-4-a"><num>(a)</num><content><p><mod>for subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><intro><p>There must be entered in the register, in respect of each person who is a member—</p></intro><level class="para1"><num>(a)</num><content><p>the required information (see sections <ref href="#d28e5904">113A</ref> and <ref href="#d28e5965">113B</ref>), and</p></content></level><level class="para1"><num>(b)</num><content><p>the date on which the person was registered as a member.</p></content></level></subsection><subsection><num>(2A)</num><content><p>Where a person ceases to be a member there must be entered in the register the date at which the person’s membership ceased.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-46-4-b"><num>(b)</num><content><p>in subsection (3), omit “, with the names and addresses of the members,”;</p></content></level><level class="para1" eId="section-46-4-c"><num>(c)</num><content><p><mod>in subsection (5), after “show a single” insert <quotedText>“service”</quotedText>;</mod></p></content></level><level class="para1" eId="section-46-4-d"><num>(d)</num><content><p>in subsection (6), omit “, with the names and addresses of the members,”;</p></content></level><level class="para1" eId="section-46-4-e"><num>(e)</num><content><p><mod>after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6A)</num><intro><p>Where any of the information required to be entered in a company’s register of members changes and, at the time of the change, it is a non-traded company—</p></intro><level class="para1"><num>(a)</num><content><p>the fact that the information has changed does not relieve the company from the obligation to include the old information in the register if it has not already done so,</p></content></level><level class="para1"><num>(b)</num><content><p>the old information must be retained in the register until its removal is authorised by section 121 or by court order under section 125, and</p></content></level><level class="para1"><num>(c)</num><content><p>a note must be included in the register recording the date on which the information changed and the date on which the change was entered in the register.</p></content></level></subsection><subsection eId="d28e5812"><num>(6B)</num><content><p>Where any of the information required to be entered in a company’s register of members changes and, at the time of the change, it is a traded company, the company is not required to include or retain the old information in the register.</p></content></subsection><subsection eId="d28e5818"><num>(6C)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>amend subsection (6A) so as to provide for it to apply in relation to traded companies, and</p></content></level><level class="para1"><num>(b)</num><content><p>repeal subsection <ref href="#d28e5812">(6B)</ref> in consequence.</p></content></level></subsection><subsection><num>(6D)</num><content><p>Regulations under subsection <ref href="#d28e5818">(6C)</ref> are subject to affirmative resolution procedure.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-46-4-f"><num>(f)</num><content><p><mod>in subsection (7), after “If” insert <quotedText>“, without reasonable excuse,”</quotedText>;</mod></p></content></level><level class="para1" eId="section-46-4-g"><num>(g)</num><content><p><mod>after subsection (8) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(9)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-non-traded-company">non-traded company</term>” means a company that is not a traded company;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-market">relevant market</term>” has the meaning given by section 853E(6);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-traded-company">traded company</term>” means a company any of whose shares are admitted to trading on a relevant market or on any other market which is outside the United Kingdom.</p></content></hcontainer></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-46-5"><num>(5)</num><content><p><mod>After section 113 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e5904"><num>113A</num><heading>Required information about members: individuals</heading><subsection><num>(1)</num><intro><p>The required information about a member who is an individual is—</p></intro><level class="para1"><num>(a)</num><content><p>name;</p></content></level><level class="para1"><num>(b)</num><content><p>a service address.</p></content></level></subsection><subsection eId="d28e5926"><num>(2)</num><content><p>In this section “<term refersTo="#term-name">name</term>” means forename and surname.</p></content></subsection><subsection eId="d28e5935"><num>(3)</num><intro><p>Where a member is a peer or an individual usually known by a title—</p></intro><level class="para1"><num>(a)</num><content><p>any requirement imposed by section <ref href="#d28e6043">113D</ref> or <ref href="#d28e6086">113E</ref>, or by a notice under section <ref href="#d28e6117">113F</ref>, to provide their name may be satisfied by providing their title instead;</p></content></level><level class="para1" eId="d28e5956"><num>(b)</num><content><p>the title may be entered in the register of members instead of their forename and surname (and references in any enactment to the name of a person entered in a company’s register of members are to be construed accordingly).</p></content></level></subsection></section><section eId="d28e5965"><num>113B</num><heading>Required information about members: corporate members and firms</heading><intro><p>The required information about a member that is a body corporate, or a firm that is a legal person under the law by which it is governed, is—</p></intro><level class="para1"><num>(a)</num><content><p>corporate or firm name;</p></content></level><level class="para1"><num>(b)</num><content><p>a service address.</p></content></level></section><section><num>113C</num><heading>Power to amend the required information</heading><subsection eId="d28e5990"><num>(1)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1" eId="d28e5996"><num>(a)</num><content><p>make provision changing the required information about a member for the purposes of this Chapter;</p></content></level><level class="para1"><num>(b)</num><content><p>repeal section <ref href="#d28e5904">113A</ref><ref href="#d28e5935">(3)</ref>.</p></content></level></subsection><subsection><num>(2)</num><content><p>The provision that may be made in regulations under subsection <ref href="#d28e5996">(1)(a)</ref> includes provision amending this Chapter.</p></content></subsection><subsection><num>(3)</num><content><p>The consequential provision that may be made in regulations under subsection <ref href="#d28e5996">(1)(a)</ref> by virtue of section 1292(1) also includes provision amending section 50 of the Economic Crime and Corporate Transparency Act 2023.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations under subsection <ref href="#d28e5990">(1)</ref> are subject to affirmative resolution procedure.</p></content></subsection></section><section eId="d28e6043"><num>113D</num><heading>Duty on new members to notify required information</heading><subsection eId="d28e6047"><num>(1)</num><content><p>A person who becomes a member of a company must provide the company with the required information about the member (see sections <ref href="#d28e5904">113A</ref> and <ref href="#d28e5965">113B</ref>).</p></content></subsection><subsection><num>(2)</num><intro><p>Subsection (1) does not apply if or to the extent that—</p></intro><level class="para1"><num>(a)</num><content><p>the person has already provided the information to the company, or</p></content></level><level class="para1"><num>(b)</num><content><p>the person becomes a member of the company on its incorporation and the information is contained in the application for the registration of the company.</p></content></level></subsection><subsection><num>(3)</num><content><p>A person must comply with this section within the period of two months beginning with the date on which the person became a member.</p></content></subsection></section><section eId="d28e6086"><num>113E</num><heading>Duty on member to notify changes to required information</heading><subsection><num>(1)</num><content><p>A person who is a member of a company must give notice to the company of any change in the required information about the member (see sections <ref href="#d28e5904">113A</ref> and <ref href="#d28e5965">113B</ref>).</p></content></subsection><subsection><num>(2)</num><content><p>The notice must specify the date on which the change occurred.</p></content></subsection><subsection><num>(3)</num><content><p>A person must comply with this section within the period of two months beginning with the date on which the change occurred.</p></content></subsection></section><section eId="d28e6117"><num>113F</num><heading>Power for company to require information from members</heading><subsection><num>(1)</num><content><p>A company may, for the purposes of ensuring that its register of members includes the information that it is required to include, require a member or former member of the company to provide any of the required information about the member or former member (see sections <ref href="#d28e5904">113A</ref> and <ref href="#d28e5965">113B</ref>).</p></content></subsection><subsection><num>(2)</num><content><p>The notice must require the recipient to comply with it within the period of one month beginning with the date on which the notice is given.</p></content></subsection></section><section><num>113G</num><heading>Failure to comply with section <ref href="#d28e6043">113D</ref>, <ref href="#d28e6086">113E</ref> or <ref href="#d28e6117">113F</ref></heading><subsection eId="d28e6154"><num>(1)</num><content><p>A person who, without reasonable excuse, fails to comply with section <ref href="#d28e6043">113D</ref> or <ref href="#d28e6086">113E</ref> commits an offence.</p></content></subsection><subsection eId="d28e6166"><num>(2)</num><content><p>A person who, without reasonable excuse, fails to comply with a notice under section <ref href="#d28e6117">113F</ref> commits an offence.</p></content></subsection><subsection eId="d28e6175"><num>(3)</num><content><p>Where an offence under subsection <ref href="#d28e6154">(1)</ref> or <ref href="#d28e6166">(2)</ref> is committed by a firm, the offence is also committed by every officer of the firm who is in default.</p></content></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum;</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum.</p></content></level></level></subsection></section><section><num>113H</num><heading>Basic false statement offences in connection with sections <ref href="#d28e6043">113D</ref> to <ref href="#d28e6117">113F</ref></heading><subsection eId="d28e6235"><num>(1)</num><content><p>A person commits an offence if, in purported compliance with section <ref href="#d28e6043">113D</ref> or <ref href="#d28e6086">113E</ref> and without reasonable excuse, the person makes a statement that is misleading, false or deceptive in a material particular.</p></content></subsection><subsection eId="d28e6247"><num>(2)</num><content><p>A person commits an offence if, in purported compliance with a notice under section <ref href="#d28e6117">113F</ref> and without reasonable excuse, the person makes a statement that is misleading, false or deceptive in a material particular.</p></content></subsection><subsection eId="d28e6256"><num>(3)</num><content><p>Where an offence under subsection <ref href="#d28e6235">(1)</ref> or <ref href="#d28e6247">(2)</ref> is committed by a firm, the offence is also committed by every officer of the firm who is in default.</p></content></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</p></content></level></subsection></section><section><num>113I</num><heading>Aggravated false statement offences in connection with sections <ref href="#d28e6043">113D</ref> to <ref href="#d28e6117">113F</ref></heading><subsection eId="d28e6304"><num>(1)</num><content><p>A person commits an offence if, in purported compliance with section <ref href="#d28e6043">113D</ref> or <ref href="#d28e6086">113E</ref>, the person makes a statement that the person knows to be misleading, false or deceptive in a material particular.</p></content></subsection><subsection eId="d28e6316"><num>(2)</num><content><p>A person commits an offence if, in purported compliance with a notice under section <ref href="#d28e6117">113F</ref>, the person makes a statement that the person knows to be misleading, false or deceptive in a material particular.</p></content></subsection><subsection><num>(3)</num><content><p>Where an offence under subsection <ref href="#d28e6304">(1)</ref> or <ref href="#d28e6316">(2)</ref> is committed by a firm, the offence is also committed by every officer of the firm who is in default.</p></content></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum;</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum.</p></content></level></level></subsection></section><heading ukl:Context="Pblock">Duty to keep index of members</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-46-6"><num>(6)</num><intro><p>Section 115 (index of members)—</p></intro><level class="para1" eId="section-46-6-a"><num>(a)</num><content><p>is moved to after the italic heading “Duty to keep index of members” inserted by subsection <ref href="#section-46-5">(5)</ref> of this section, and</p></content></level><level class="para1" eId="section-46-6-b"><num>(b)</num><content><p>is renumbered section 113J.</p></content></level></subsection><subsection eId="section-46-7"><num>(7)</num><intro><p>In that section as renumbered—</p></intro><level class="para1" eId="section-46-7-a"><num>(a)</num><content><p><mod>in subsection (1), for “names of the members of the company” substitute <quotedText>“names or titles of the members of the company (to be known as “<term refersTo="#term-the-index-of-members-names" eId="term-the-index-of-members-names">the index of members’ names</term>”)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-46-7-b"><num>(b)</num><content><p><mod>for subsection (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><content><p>The index must include the same details of a person’s name or title as are entered in the register of members.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-46-8"><num>(8)</num><content><p><mod>Before section 114 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Inspection etc of register and index of members</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-46-9"><num>(9)</num><content><p><mod>Before section 121 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Removal of entries from register of members</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-46-10"><num>(10)</num><intro><p>In section 123 (single member companies)—</p></intro><level class="para1" eId="section-46-10-a"><num>(a)</num><content><p>in subsection (1), omit “, with the name and address of the sole member,”;</p></content></level><level class="para1" eId="section-46-10-b"><num>(b)</num><content><p>in subsection (2), omit “, with the name and address of the sole member”;</p></content></level><level class="para1" eId="section-46-10-c"><num>(c)</num><content><p>in subsection (3), omit “, with the name and address of the person who was formerly the sole member”.</p></content></level></subsection><subsection eId="section-46-11"><num>(11)</num><content><p><mod>In section 771 (procedure on transfer being lodged), after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><content><p>The company may not register the transfer under subsection (1)(a) unless satisfied that it has the information that it is required to enter in its register of members in relation to the transferee.</p></content></subsection></quotedStructure></mod></p></content></subsection></section><section eId="section-47"><num>47</num><heading>Additional ground for rectifying the register of members</heading><content><p><mod>In section 125 of the Companies Act 2006 (power of court to rectify the register), for subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>If a company’s register of members—</p></intro><level class="para1"><num>(a)</num><content><p>does not include information that it is required to include, or</p></content></level><level class="para1"><num>(b)</num><content><p>includes information that it is not required to include,</p></content></level><wrapUp><p>the person aggrieved, or any member of the company, or the company, may apply to the court for rectification of the register.</p></wrapUp></subsection></quotedStructure></mod></p></content></section><section eId="section-48"><num>48</num><heading>Register of members: protecting information</heading><subsection eId="section-48-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-48-2"><num>(2)</num><content><p><mod>In section 114 (register to be kept available for inspection), in subsection (1), after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><p>This is subject to any restriction imposed by regulations under section <ref href="#d28e6609">120A</ref> (protected material).</p></quotedStructure></mod></p></content></subsection><subsection eId="section-48-3"><num>(3)</num><content><p><mod>In section 115 (index of members), after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4A)</num><content><p>Subsection (4) is subject to any restriction imposed by regulations under section <ref href="#d28e6609">120A</ref> (protected material).</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-48-4"><num>(4)</num><content><p><mod>In section 116 (rights to inspect and require copies), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>Subsections (1) and (2) are subject to any restriction imposed by regulations under section <ref href="#d28e6609">120A</ref> (protected material).</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-48-5"><num>(5)</num><content><p><mod>In section 120 (information as to state of register and index), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>Subsections (1) and (2) do not apply to an alteration that relates to information that the company is required to refrain from disclosing by virtue of regulations under section <ref href="#d28e6609">120A</ref> (protected material).</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-48-6"><num>(6)</num><content><p><mod>After section 120 of the Companies Act 2006 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e6609"><num>120A</num><heading>Power to make regulations protecting material</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>require a company to refrain from using, or refrain from disclosing, individual membership information except in circumstances specified in the regulations;</p></content></level><level class="para1" eId="d28e6625"><num>(b)</num><content><p>confer power on the registrar, on application, to make an order requiring a company to refrain from using, or refrain from disclosing, individual membership information except in circumstances specified in the regulations.</p></content></level></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-individual-membership-information">Individual membership information</term>” means information that—</p></intro><level class="para1"><num>(a)</num><content><p>relates to an individual who is a member or former member of the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>is required to be entered in the company’s register of members or index of members’ names.</p></content></level></subsection><subsection eId="d28e6652"><num>(3)</num><intro><p>Regulations under subsection <ref href="#d28e6625">(1)(b)</ref> may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application;</p></content></level><level class="para1"><num>(b)</num><content><p>the grounds on which an application may be made;</p></content></level><level class="para1"><num>(c)</num><content><p>the information to be included in and documents to accompany an application;</p></content></level><level class="para1" eId="d28e6679"><num>(d)</num><content><p>how an application is to be determined;</p></content></level><level class="para1"><num>(e)</num><content><p>the notice to be given of an application and its outcome;</p></content></level><level class="para1" eId="d28e6691"><num>(f)</num><content><p>the duration of and procedures for revoking the restrictions on use and disclosure.</p></content></level></subsection><subsection><num>(4)</num><intro><p>Provision under subsection <ref href="#d28e6652">(3)</ref> may in particular—</p></intro><level class="para1"><num>(a)</num><content><p>confer a discretion on the registrar;</p></content></level><level class="para1"><num>(b)</num><content><p>provide for a question to be referred to a person other than the registrar for the purposes of determining the application or revoking the restrictions.</p></content></level></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(6)</num><content><p>Nothing in this section or in regulations made under it affects the use or disclosure of information about a person in any other capacity (for example, the use or disclosure of information about a person in that person’s capacity as an officer of the company).</p></content></subsection></section><section><num>120B</num><heading>Offence of failing to comply with regulations under section <ref href="#d28e6609">120A</ref></heading><subsection><num>(1)</num><intro><p>If a company contravenes a restriction on the use or disclosure of information imposed by virtue of regulations under section <ref href="#d28e6609">120A</ref>, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(2)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-48-7"><num>(7)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>any application or other document delivered to the registrar under regulations under section <ref href="#d28e6609">120A</ref> (protection of individual membership information);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-49"><num>49</num><heading>Register of members: removal of option to use central register</heading><subsection eId="section-49-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-49-2"><num>(2)</num><intro><p>Omit the following (which allow companies to keep information on the central register instead of entering it in their local register of members)—</p></intro><level class="para1" eId="section-49-2-a"><num>(a)</num><content><p>section 112A;</p></content></level><level class="para1" eId="section-49-2-b"><num>(b)</num><content><p>Chapter 2A of Part 8.</p></content></level></subsection><subsection eId="section-49-3"><num>(3)</num><content><p><mod>After section 128 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>128ZA</num><heading>Transitional provision where information kept on central register</heading><subsection><num>(1)</num><intro><p>Where an election is made under section 128B (option to keep information on central register) at any time before the repeal of that section by the Economic Crime and Corporate Transparency Act 2023—</p></intro><level class="para1" eId="d28e6849"><num>(a)</num><content><p>the company must enter in its register of members all of the information that it would have had to enter in that register if the election had never been made (but see subsection <ref href="#d28e6864">(2)</ref>), and</p></content></level><level class="para1" eId="d28e6858"><num>(b)</num><content><p>the duty imposed by paragraph (a) is to be treated as having been imposed by the provision which would have required the information to be entered on the register if the election had never been made.</p></content></level></subsection><subsection eId="d28e6864"><num>(2)</num><content><p>Where, by virtue of section 128E(3)(a), (b) or (c), information delivered to the registrar while the election was in force did not include a date that, but for the election, the company would have had to enter in its register of members (a “relevant date”), the relevant date is to be treated as being the date recorded by the registrar under section 1081(1A).</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-49-4"><num>(4)</num><content><p>Schedule 1 contains consequential amendments.</p></content></subsection></section><section eId="section-50"><num>50</num><heading>Membership information: one-off statement</heading><subsection eId="section-50-1"><num>(1)</num><content><p>This section applies in relation to a traded company, or a non-traded company, registered under the Companies Act 2006 before the appointed day.</p></content></subsection><subsection eId="section-50-2"><num>(2)</num><content><p>On the first occasion on which the company delivers a confirmation statement with a confirmation date that is after the appointed day it must, at the same time, deliver to the registrar the relevant membership information.</p></content></subsection><subsection eId="section-50-3"><num>(3)</num><intro><p>For this purpose “<term refersTo="#term-the-relevant-membership-information" eId="term-the-relevant-membership-information">the relevant membership information</term>” means—</p></intro><level class="para1" eId="section-50-3-a"><num>(a)</num><intro><p>in relation to a traded company—</p></intro><level class="para2" eId="section-50-3-a-i"><num>(i)</num><content><p>the name and address (as they appear in the company’s register of members) of each person who, at the end of the confirmation date, held at least 5% of the issued shares of any class of the company, and</p></content></level><level class="para2" eId="section-50-3-a-ii"><num>(ii)</num><content><p>the number of shares of each class held by each such person at that time;</p></content></level></level><level class="para1" eId="section-50-3-b"><num>(b)</num><intro><p>in relation to a non-traded company—</p></intro><level class="para2" eId="section-50-3-b-i"><num>(i)</num><content><p>the name (as it appears in the company’s register of members) of every person who was a member of the company at the end of the confirmation date, and</p></content></level><level class="para2" eId="section-50-3-b-ii"><num>(ii)</num><content><p>the number of shares of each class held at the end of the confirmation date by each person who was a member of the company at that time.</p></content></level></level></subsection><subsection eId="section-50-4"><num>(4)</num><content><p>Section 853A(1)(b)(ii) of the Companies Act 2006 (as substituted by section 59 of this Act) has effect as if it included a reference to the duty imposed by subsection <ref href="#section-50-2">(2)</ref> (and section 853L of that Act applies accordingly).</p></content></subsection><subsection eId="section-50-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-confirmation-statement" eId="term-confirmation-statement">confirmation statement</term>” has the meaning given by section 853A(1)(b) of the Companies Act 2006;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-non-traded-company" eId="term-non-traded-company">non-traded company</term>” has the meaning given by section 853F(2) of that Act;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-appointed-day" eId="term-the-appointed-day">the appointed day</term>” means such day as the Secretary of State may by regulations appoint for the purposes of this section;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-traded-company" eId="term-traded-company">traded company</term>” has the meaning given by section 853G(2) and (3) of that Act.</p></content></hcontainer></subsection><subsection eId="section-50-6"><num>(6)</num><content><p>Other expressions used in this section have the same meaning as in Part 24 of the Companies Act 2006.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-registration-of-directors-secretaries-and-persons-with-significant-control"><heading>Registration of directors, secretaries and persons with significant control</heading><section eId="section-51"><num>51</num><heading>Abolition of local registers etc</heading><subsection eId="section-51-1"><num>(1)</num><intro><p>Schedule 2 contains amendments to abolish requirements imposed on a company to keep its own—</p></intro><level class="para1" eId="section-51-1-a"><num>(a)</num><content><p>register of directors;</p></content></level><level class="para1" eId="section-51-1-b"><num>(b)</num><content><p>register of directors’ residential addresses;</p></content></level><level class="para1" eId="section-51-1-c"><num>(c)</num><content><p>register of secretaries;</p></content></level><level class="para1" eId="section-51-1-d"><num>(d)</num><content><p>register of people with significant control (sometimes referred to as a PSC register).</p></content></level></subsection><subsection eId="section-51-2"><num>(2)</num><content><p>It also contains related amendments requiring information to be provided to the registrar of companies.</p></content></subsection></section><section eId="section-52"><num>52</num><heading>Protection of date of birth information</heading><subsection eId="section-52-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-52-2"><num>(2)</num><content><p><mod>In section 1087 (material not available for public inspection), for paragraph (da) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(da)</num><content><p>relevant date of birth information that section <ref href="#d28e7084">1087A</ref> provides is not to be made available for public inspection;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-52-3"><num>(3)</num><content><p><mod>For sections 1087A and 1087B substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e7084"><num>1087A</num><heading>Protection of date of birth information</heading><subsection eId="d28e7088"><num>(1)</num><intro><p>The registrar must not make available for public inspection—</p></intro><level class="para1" eId="d28e7094"><num>(a)</num><content><p>so much of any document delivered to the registrar as is required to contain relevant date of birth information;</p></content></level><level class="para1" eId="d28e7100"><num>(b)</num><content><p>any record of the information contained in part of a document that is unavailable because of paragraph <ref href="#d28e7094">(a)</ref>.</p></content></level></subsection><subsection><num>(2)</num><content><p>This section has limited application in relation to documents delivered before it comes fully into force: see section <ref href="#d28e7166">1087B</ref>.</p></content></subsection><subsection eId="d28e7118"><num>(3)</num><intro><p>“<term refersTo="#term-relevant-date-of-birth-information">Relevant date of birth information</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>information as to the day of the month (but not the month or year) on which a director (or proposed director) was born;</p></content></level><level class="para1"><num>(b)</num><content><p>information as to the day of the month (but not the month or year) on which a registrable person in relation to the company was born.</p></content></level></subsection><subsection><num>(4)</num><content><p>Information about a director (or proposed director) or registrable person does not cease to be relevant date of birth information when they cease to be a director (or proposed director) or registrable person.</p></content></subsection><subsection><num>(5)</num><content><p>Subsection <ref href="#d28e7100">(1)(b)</ref> does not affect the availability for public inspection of the same information contained in material derived from a part of a document that was not required to contain the information.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-registrable-person">registrable person</term>”, in relation to a company, has the meaning given by section 790C(4).</p></content></subsection></section><section eId="d28e7166"><num>1087B</num><heading>Protection of date of birth information in old documents</heading><subsection><num>(1)</num><content><p>This section limits the extent to which section <ref href="#d28e7084">1087A</ref> applies in relation to documents delivered to the registrar before that section comes fully into force (“old documents”).</p></content></subsection><subsection eId="d28e7179"><num>(2)</num><content><p>Section <ref href="#d28e7084">1087A</ref> does not apply in relation to any old documents registered before 10 October 2015.</p></content></subsection><subsection><num>(3)</num><intro><p>Section <ref href="#d28e7084">1087A</ref> does not apply in relation to any old document that is—</p></intro><level class="para1" eId="d28e7197"><num>(a)</num><content><p>a statement of a company’s proposed officers delivered under section 9 in circumstances where the subscribers gave notice of election under section 167A (election to keep information on central register) in respect of the company’s register of directors when the statement was delivered;</p></content></level><level class="para1"><num>(b)</num><content><p>a document delivered by the company under section 167D (duty to notify registrar of changes while election in force);</p></content></level><level class="para1"><num>(c)</num><content><p>a statement of initial significant control delivered under section 9 in circumstances where the subscribers gave notice of election under section 790X in respect of the company when the statement was delivered;</p></content></level><level class="para1"><num>(d)</num><content><p>a document containing a statement or updated statement delivered by the company under section 790X(6)(b) or (7) (statement accompanying notice of election made after incorporation);</p></content></level><level class="para1" eId="d28e7221"><num>(e)</num><content><p>a document delivered by the company under section 790ZA (duty to notify registrar of changes while election in force).</p></content></level></subsection><subsection eId="d28e7227"><num>(4)</num><intro><p>Section <ref href="#d28e7084">1087A</ref> does not apply in relation to any old document if—</p></intro><level class="para1" eId="d28e7236"><num>(a)</num><intro><p>the document is—</p></intro><level class="para2"><num>(i)</num><content><p>a statement of proposed officers delivered under section 9, or</p></content></level><level class="para2"><num>(ii)</num><content><p>notice given under section 167 of a person having become a director of the company,</p></content></level></level><level class="para1"><num>(b)</num><content><p>after the delivery of the document an election was made under section 167A in respect of the company’s register of directors, and</p></content></level><level class="para1" eId="d28e7260"><num>(c)</num><content><p>the relevant date of birth information relates to a person who was a director of the company when that election took effect.</p></content></level></subsection><subsection><num>(5)</num><content><p>References in subsections <ref href="#d28e7197">(3)(a)</ref> to <ref href="#d28e7221">(e)</ref> and <ref href="#d28e7236">(4)(a)</ref> to <ref href="#d28e7260">(c)</ref> to a provision of this Act are to the provision as it had effect at the time at which the document was delivered (the provisions in question were repealed by the Economic Crime and Corporate Transparency Act 2023).</p></content></subsection></section><section eId="d28e7287"><num>1087C</num><heading>Disclosure of date of birth information</heading><subsection eId="d28e7291"><num>(1)</num><intro><p>The registrar must not disclose relevant date of birth information except—</p></intro><level class="para1"><num>(a)</num><content><p>in accordance with subsection (2) or (3), or</p></content></level><level class="para1"><num>(b)</num><content><p>as permitted by section <ref href="#d28e13362">1110F</ref> (general powers of disclosure by the registrar).</p></content></level></subsection><subsection><num>(2)</num><content><p>The registrar may disclose relevant date of birth information if the information is made available for public inspection.</p></content></subsection><subsection><num>(3)</num><content><p>The registrar may disclose relevant date of birth information to a credit reference agency (as defined by section 243(7)).</p></content></subsection><subsection><num>(4)</num><content><p>Subsections (3) to (8) of section 243 (permitted disclosure of address information by the registrar) apply for the purposes of subsection (3) as for the purposes of that section (reading references there to protected information as references to relevant date of birth information).</p></content></subsection><subsection><num>(5)</num><content><p>In this section “<term refersTo="#term-relevant-date-of-birth-information">relevant date of birth information</term>” has the meaning given by section <ref href="#d28e7084">1087A</ref><ref href="#d28e7118">(3)</ref>.</p></content></subsection></section></quotedStructure></mod></p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-accounts-and-reports"><heading>Accounts and reports</heading><section eId="section-53"><num>53</num><heading>Filing obligations of micro-entities</heading><content><p><mod>Before section 444 of the Companies Act 2006 (but after the italic heading before that section) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e7361"><num>443A</num><heading>Filing obligations of micro-entities</heading><subsection><num>(1)</num><intro><p>The directors of a company that qualifies as a micro-entity in relation to a financial year, or that would do so but for being or having been a member of an ineligible group—</p></intro><level class="para1"><num>(a)</num><content><p>must deliver to the registrar a copy of the company’s annual accounts, and</p></content></level><level class="para1"><num>(b)</num><content><p>may also deliver to the registrar a copy of the directors’ report.</p></content></level></subsection><subsection><num>(2)</num><content><p>The directors must also deliver to the registrar a copy of the auditor’s report on those accounts (and any directors’ report).</p><p>This does not apply if the company is exempt from audit and the directors have taken advantage of that exemption.</p></content></subsection><subsection><num>(3)</num><content><p>The copies of the balance sheet and any directors’ report delivered to the registrar under this section must state the name of the person who signed it on behalf of the board.</p></content></subsection><subsection><num>(4)</num><intro><p>The copy of the auditor’s report delivered to the registrar under this section must—</p></intro><level class="para1" eId="d28e7404"><num>(a)</num><content><p>state the name of the auditor and (where the auditor is a firm) the name of the person who signed it as senior statutory auditor, or</p></content></level><level class="para1"><num>(b)</num><content><p>if the conditions in section 506 (circumstances in which names may be omitted) are met, state that a resolution has been passed and notified to the Secretary of State in accordance with that section.</p></content></level></subsection><subsection><num>(5)</num><content><p>If more than one person is appointed as auditor, the reference in subsection <ref href="#d28e7404">(4)(a)</ref> to the name of the auditor is to be read as a reference to the names of all the auditors.</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-54"><num>54</num><heading>Filing obligations of small companies other than micro-entities</heading><content><p><mod>For section 444 of the Companies Act 2006 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e7439"><num>444</num><heading>Filing obligations of small companies other than micro-entities</heading><subsection><num>(1)</num><intro><p>The directors of a company that is subject to the small companies regime in relation to a financial year, or that would be so subject but for being or having been a member of an ineligible group, must deliver to the registrar a copy of—</p></intro><level class="para1"><num>(a)</num><content><p>the company’s annual accounts, and</p></content></level><level class="para1"><num>(b)</num><content><p>the directors’ report.</p></content></level></subsection><subsection><num>(2)</num><content><p>The directors must also deliver to the registrar a copy of the auditor’s report on those accounts (and on the directors’ report).</p><p>This does not apply if the company is exempt from audit and the directors have taken advantage of that exemption.</p></content></subsection><subsection><num>(3)</num><content><p>The copies of the balance sheet and directors’ report delivered to the registrar under this section must state the name of the person who signed it on behalf of the board.</p></content></subsection><subsection><num>(4)</num><intro><p>The copy of the auditor’s report delivered to the registrar under this section must—</p></intro><level class="para1" eId="d28e7482"><num>(a)</num><content><p>state the name of the auditor and (where the auditor is a firm) the name of the person who signed it as senior statutory auditor, or</p></content></level><level class="para1"><num>(b)</num><content><p>if the conditions in section 506 (circumstances in which names may be omitted) are met, state that a resolution has been passed and notified to the Secretary of State in accordance with that section.</p></content></level></subsection><subsection><num>(5)</num><content><p>If more than one person is appointed as auditor, the reference in subsection <ref href="#d28e7482">(4)(a)</ref> to the name of the auditor is to be read as a reference to the names of all the auditors.</p></content></subsection><subsection><num>(6)</num><content><p>This section does not apply to companies within section 443A (filing obligations of companies that qualify as micro-entities).</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-55"><num>55</num><heading>Sections 53 and 54: consequential amendments</heading><subsection eId="section-55-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-55-2"><num>(2)</num><content><p><mod>In section 415A (directors’ report: small companies exemption), for subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><content><p>The exemption is relevant to section 416(3) (contents of report: statement of amount recommended by way of dividend).</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-55-3"><num>(3)</num><intro><p>In section 441 (duty to file accounts and reports with the registrar), in subsection (1)—</p></intro><level class="para1" eId="section-55-3-a"><num>(a)</num><content><p><mod>at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e7361">443A</ref> (filing obligations of micro-entities),</p></item></blockList></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-55-3-b"><num>(b)</num><content><p><mod>for “companies subject to small companies regime” substitute <quotedText>“small companies other than micro-entities”</quotedText>;</mod></p></content></level><level class="para1" eId="section-55-3-c"><num>(c)</num><content><p>omit the entry for section 444A.</p></content></level></subsection><subsection eId="section-55-4"><num>(4)</num><content><p>Omit section 444A (filing obligations of companies entitled to small companies exemption in relation to directors’ report).</p></content></subsection><subsection eId="section-55-5"><num>(5)</num><content><p><mod>In section 445 (filing obligations of medium-sized companies), for subsection (7) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7)</num><intro><p>This section does not apply to companies within—</p></intro><level class="para1"><num>(a)</num><content><p>section <ref href="#d28e7361">443A</ref> (filing obligations of micro-entities), or</p></content></level><level class="para1"><num>(b)</num><content><p>section <ref href="#d28e7439">444</ref> (filing obligations of small companies other than micro-entities).</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-55-6"><num>(6)</num><content><p><mod>In section 446 (filing obligations of unquoted companies), for subsection (5), substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><intro><p>This section does not apply to companies within—</p></intro><level class="para1"><num>(a)</num><content><p>section <ref href="#d28e7361">443A</ref> (filing obligations of micro-entities),</p></content></level><level class="para1"><num>(b)</num><content><p>section <ref href="#d28e7439">444</ref> (filing obligations of small companies other than micro-entities), or</p></content></level><level class="para1"><num>(c)</num><content><p>section 445 (filing obligations of medium-sized companies).</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-55-7"><num>(7)</num><content><p>In section 473 (parliamentary procedure for certain regulations under this Part), in subsection (1), omit the entry in the list for section 444.</p></content></subsection></section><section eId="section-56"><num>56</num><heading>Use or disclosure of profit and loss accounts for certain companies</heading><subsection eId="section-56-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-56-2"><num>(2)</num><content><p><mod>After section 468 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e7678"><num>468A</num><heading>Use or disclosure of profit and loss accounts for certain companies</heading><subsection eId="d28e7682"><num>(1)</num><intro><p>The Secretary of State may by regulations make provision requiring the registrar, on application or otherwise—</p></intro><level class="para1"><num>(a)</num><content><p>not to make available for public inspection profit and loss accounts, or parts of them, delivered to the registrar under—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 443A (micro-entities), or</p></item><item><p>section 444 (other small companies);</p></item></blockList></content></level><level class="para1" eId="d28e7703"><num>(b)</num><content><p>to refrain from disclosing such accounts, or parts of them, except in specified circumstances.</p></content></level></subsection><subsection><num>(2)</num><intro><p>Regulations under subsection <ref href="#d28e7682">(1)</ref> which provide for the making of an application may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application;</p></content></level><level class="para1"><num>(b)</num><content><p>the grounds on which an application may be made;</p></content></level><level class="para1"><num>(c)</num><content><p>the information to be included in and documents to accompany an application;</p></content></level><level class="para1"><num>(d)</num><content><p>the notice to be given of an application and of its outcome;</p></content></level><level class="para1" eId="d28e7742"><num>(e)</num><content><p>how an application is to be determined;</p></content></level><level class="para1" eId="d28e7748"><num>(f)</num><content><p>the duration of, and procedures for revoking, any restrictions on the making of information available for public inspection or its disclosure.</p></content></level></subsection><subsection><num>(3)</num><content><p>Provision under subsection <ref href="#d28e7742">(2)(e)</ref> or <ref href="#d28e7748">(f)</ref> may in particular provide for a question to be referred to a person other than the registrar for the purposes of determining the application or revoking the restrictions.</p></content></subsection><subsection><num>(4)</num><content><p>The circumstances that may be specified under subsection <ref href="#d28e7703">(1)(b)</ref> by way of an exception to a restriction on disclosure include circumstances where the court has made an order, in accordance with the regulations, authorising disclosure.</p></content></subsection><subsection><num>(5)</num><content><p>Regulations under subsection (1)(b) may not require the registrar to refrain from disclosing information under section 1110F (general powers of disclosure by the registrar).</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(7)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-56-3"><num>(3)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), after paragraph (bb) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bba)</num><intro><p>the following—</p></intro><level class="para2"><num>(i)</num><content><p>any application or other document delivered to the registrar under regulations under section <ref href="#d28e7678">468A</ref> (regulations protecting profit and loss accounts for certain companies);</p></content></level><level class="para2"><num>(ii)</num><content><p>any information which regulations under section <ref href="#d28e7678">468A</ref> require not to be made available for public inspection;</p></content></level></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-57"><num>57</num><heading>Statements about exemption from audit requirements</heading><content><p><mod>In section 475 of the Companies Act 2006 (requirement for audited accounts), for subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><intro><p>A company is not entitled to any such exemption unless its balance sheet contains a statement by the directors—</p></intro><level class="para1"><num>(a)</num><content><p>identifying the exemption in question, and</p></content></level><level class="para1"><num>(b)</num><content><p>confirming that the company qualifies for the exemption.</p></content></level></subsection></quotedStructure></mod></p></content></section><section eId="section-58"><num>58</num><heading>Removal of option to abridge Companies Act accounts</heading><subsection eId="section-58-1"><num>(1)</num><content><p>Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations 2008 (<ref eId="c00006" href="http://www.legislation.gov.uk/id/uksi/2008/409">S.I. 2008/409</ref>) (Companies Act individual accounts) is amended as follows.</p></content></subsection><subsection eId="section-58-2"><num>(2)</num><content><p>In paragraph 1(3), omit “Subject to paragraph 1A”.</p></content></subsection><subsection eId="section-58-3"><num>(3)</num><content><p>Omit paragraph 1A (abridged accounts).</p></content></subsection><subsection eId="section-58-4"><num>(4)</num><content><p>In paragraph 1B(2), omit “, otherwise than pursuant to paragraph 1A(2),”.</p></content></subsection><subsection eId="section-58-5"><num>(5)</num><intro><p>In paragraph 1C, omit—</p></intro><level class="para1" eId="section-58-5-a"><num>(a)</num><content><p>“abridgment or”;</p></content></level><level class="para1" eId="section-58-5-b"><num>(b)</num><content><p>“1A or”.</p></content></level></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-confirmation-statements"><heading>Confirmation statements</heading><section eId="section-59"><num>59</num><heading>Confirmation statements</heading><subsection eId="section-59-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-59-2"><num>(2)</num><intro><p>In section 853A (duty to deliver confirmation statements)—</p></intro><level class="para1" eId="section-59-2-a"><num>(a)</num><content><p><mod>in subsection (1), for paragraph (b) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e7941"><num>(b)</num><intro><p>a statement (a “confirmation statement”) confirming—</p></intro><level class="para2" eId="d28e7947"><num>(i)</num><content><p>that the company has delivered to the registrar, or is delivering to the registrar at the same time as the confirmation statement, all of the information that it is required to deliver in relation to the confirmation period concerned under any duty to notify a relevant event (see section 853B),</p></content></level><level class="para2" eId="d28e7953"><num>(ii)</num><content><p>that the company is delivering to the registrar at the same time as the confirmation statement any information that it is required to deliver by virtue of a duty imposed by any of sections <ref href="#d28e8026">853BA</ref> to 853H, and</p></content></level><level class="para2"><num>(iii)</num><content><p>in the case of a company’s first statement under this paragraph, that the company has delivered to the registrar, or is delivering to the registrar at the same time as the confirmation statement, any information that it is required to deliver under section <ref href="#d28e32911">167I</ref>, <ref href="#d28e33369">279I</ref> or <ref href="#d28e35136">790LG</ref> (pre-incorporation changes).</p></content></level></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-59-2-b"><num>(b)</num><content><p>omit subsection (2);</p></content></level><level class="para1" eId="section-59-2-c"><num>(c)</num><content><p><mod>for subsections (7) and (8), substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7)</num><content><p>For the purpose of making a confirmation statement a company is entitled to assume that information that has been delivered to the registrar has been properly delivered unless the registrar has notified the company otherwise.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-59-3"><num>(3)</num><content><p><mod>In section 853K (confirmation statements: power to make further provision by regulations), in subsection (3), for “section 853A(2)” substitute <quotedText>“section 853A(1)<ref href="#d28e7941">(b)</ref>”</quotedText>.</mod></p></content></subsection></section><section eId="section-60"><num>60</num><heading>Duty to confirm lawful purposes</heading><content><p><mod>After section 853B of the Companies Act 2006 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e8026"><num>853BA</num><heading>Duty to confirm lawful purpose</heading><content><p>Where a company makes a confirmation statement it must at the same time deliver to the registrar a statement that the intended future activities of the company are lawful.</p></content></section></quotedStructure></mod></p></content></section><section eId="section-61"><num>61</num><heading>Duty to notify a change in company’s principal business activities</heading><content><p><mod>In section 853C of the Companies Act 2006 (duty to notify a change in company’s principal business activities), after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><intro><p>This section also applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a company makes its first confirmation statement, and</p></content></level><level class="para1"><num>(b)</num><content><p>by the time of its incorporation, the company’s principal business activities had changed from those specified in the statement under section 9(5)(c).</p></content></level></subsection></quotedStructure></mod></p></content></section><section eId="section-62"><num>62</num><heading>Duty to deliver information about exemption from Part 21A</heading><content><p><mod>In section 853H of the Companies Act 2006 (duty to deliver information about exemption from Part 21A), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>The statement under subsection (2) must specify—</p></intro><level class="para1"><num>(a)</num><content><p>whether the company falls within the description specified in section 790B(1)(a) or a description specified in regulations under section 790B(1)(b), and</p></content></level><level class="para1"><num>(b)</num><content><p>if it falls within a description specified in regulations under section 790B(1)(b), what that description is.</p></content></level></subsection></quotedStructure></mod></p></content></section><section eId="section-63"><num>63</num><heading>Confirmation statements: offences</heading><subsection eId="section-63-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-63-2"><num>(2)</num><intro><p>In section 853J (power to amend duties to deliver certain information), in subsection (4)(a)—</p></intro><level class="para1" eId="section-63-2-a"><num>(a)</num><content><p><mod>at the end of sub-paragraph (i) insert <quotedText>“and”</quotedText>;</mod></p></content></level><level class="para1" eId="section-63-2-b"><num>(b)</num><content><p><mod>for sub-paragraphs (ii) to (iv) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para2"><num>(ii)</num><content><p>every officer of the company who is in default;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subsection><subsection eId="section-63-3"><num>(3)</num><intro><p>In section 853L (failure to deliver confirmation statement)—</p></intro><level class="para1" eId="section-63-3-a"><num>(a)</num><intro><p>in subsection (1)—</p></intro><level class="para2" eId="section-63-3-a-i"><num>(i)</num><content><p><mod>at the end of paragraph (a) insert <quotedText>“and”</quotedText>;</mod></p></content></level><level class="para2" eId="section-63-3-a-ii"><num>(ii)</num><content><p><mod>for paragraphs (b) to (d) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="section-63-3-b"><num>(b)</num><content><p>omit subsection (4).</p></content></level></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-identity-verification"><heading>Identity verification</heading><section eId="section-64"><num>64</num><heading>Identity verification of persons with significant control</heading><subsection eId="section-64-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-64-2"><num>(2)</num><content><p><mod>In section 790J (power to make exemptions), in subsection (2)(e), after “<ref href="#d28e35155">790LH</ref>” (inserted by Schedule 2 to this Act) insert <quotedText>“and <ref href="#d28e8230">790LM</ref> to <ref href="#d28e8999">790LS</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-64-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e35351">790LL</ref> (inserted by Schedule 2 to this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Identity verification obligations for persons with significant control</heading><section eId="d28e8230"><num>790LM</num><heading>Initial identity verification: registrable persons</heading><subsection><num>(1)</num><content><p>This section applies in the following cases.</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>Case 1 is where—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>a company is incorporated in pursuance of an application for registration containing a statement under section 12A(1)(a) naming a person as someone who will, on the company’s incorporation, become a registrable person (“the registrable person”),</p></item><item><num>(b)</num><p>the application does not include a statement under section <ref href="#d28e975">12B</ref><ref href="#d28e985">(2)</ref> in respect of the registrable person or it appears to the registrar that the statement is false, and</p></item><item><num>(c)</num><p>the company has not given a notice under section <ref href="#d28e35136">790LG</ref><ref href="#d28e35140">(1)</ref> in respect of the person.</p></item></blockList></item><item><p>Case 2 is where—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>the registrar is notified under section <ref href="#d28e35087">790LF</ref> that a person has become a registrable person in relation to a company (“the registrable person”), and</p></item><item><num>(b)</num><p>the notice does not include a statement under section <ref href="#d28e34846">790LB</ref><ref href="#d28e34850">(1)</ref> or it appears to the registrar that the statement is false.</p></item></blockList></item></blockList></content></subsection><subsection eId="d28e8289"><num>(2)</num><content><p>The registrar must direct the registrable person to deliver to the registrar, within the period of 14 days beginning with the date of the direction, a statement confirming that the person’s identity is verified (see section 1110A).</p></content></subsection><subsection><num>(3)</num><content><p>The registrar may by further direction extend that period by up to 14 days at a time.</p></content></subsection><subsection><num>(4)</num><content><p>A direction under this section must be in writing.</p></content></subsection><subsection><num>(5)</num><content><p>A direction given to a person under this section lapses if notice is later given under section <ref href="#d28e35136">790LG</ref><ref href="#d28e35140">(1)</ref> in respect of that person.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-registrable-person">registrable person</term>” does not include a person mentioned in section 790C(12)(a) to (d).</p></content></subsection></section><section eId="d28e8330"><num>790LN</num><heading>Initial identity verification for registrable persons: transitional cases</heading><subsection><num>(1)</num><intro><p>A person must deliver to the registrar the statement required by this section if the person—</p></intro><level class="para1"><num>(a)</num><content><p>is a registrable person in relation to a company at any time during the appointed day, and</p></content></level><level class="para1"><num>(b)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>became a registrable person on the incorporation of the company in pursuance of an application for registration delivered before section <ref href="#d28e975">12B</ref><ref href="#d28e985">(2)</ref> came fully into force, or</p></content></level><level class="para2"><num>(ii)</num><content><p>became a registrable person, otherwise than on the incorporation of the company, before the day on which section <ref href="#d28e34846">790LB</ref><ref href="#d28e34850">(1)</ref> came fully into force.</p></content></level></level></subsection><subsection><num>(2)</num><content><p>The statement required by this section is a statement confirming that person’s identity is verified (see section 1110A).</p></content></subsection><subsection><num>(3)</num><content><p>A statement required by this section must be delivered within the period of 14 days beginning with the appointed day.</p></content></subsection><subsection><num>(4)</num><content><p>But the registrar may by direction in writing extend that period by up to 14 days at a time.</p></content></subsection><subsection><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-appointed-day">the appointed day</term>” means such day as the Secretary of State may by regulations appoint for the purposes of this section;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registrable-person">registrable person</term>” does not include a person mentioned in section 790C(12)(a) to (d).</p></content></hcontainer></subsection><subsection><num>(6)</num><content><p>The appointed day must not be before sections <ref href="#d28e975">12B</ref><ref href="#d28e985">(2)</ref> and <ref href="#d28e34846">790LB</ref><ref href="#d28e34850">(1)</ref> have been brought fully into force.</p></content></subsection></section><section eId="d28e8432"><num>790LO</num><heading>Initial identity verification: registrable relevant legal entities</heading><subsection><num>(1)</num><content><p>This section applies in the following cases.</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>Case 1 is where—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>a company is incorporated in pursuance of an application for registration containing a statement under section 12A(1)(a) naming a person as a person who will, on the company’s incorporation become a registrable relevant legal entity (“the entity”),</p></item><item><num>(b)</num><p>the application does not include a statement under section <ref href="#d28e975">12B</ref><ref href="#d28e991">(3)</ref> in respect of the entity, or is not accompanied by a statement under section <ref href="#d28e975">12B</ref><ref href="#d28e1014">(4)</ref> by the person whose name is specified in the statement under section <ref href="#d28e975">12B</ref><ref href="#d28e991">(3)</ref>, or it appears to the registrar that either statement is false, and</p></item><item><num>(c)</num><p>the company has not given a notice under section <ref href="#d28e35136">790LG</ref><ref href="#d28e35140">(1)</ref> in respect of the entity.</p></item></blockList></item><item><p>Case 2 is where—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>the registrar is notified under section 790LA that a person has become a registrable relevant legal entity in relation to a company (“the entity”), and</p></item><item><num>(b)</num><p>the notice does not include a statement under section <ref href="#d28e34846">790LB</ref><ref href="#d28e34856">(2)</ref>, or it is not accompanied by a statement under section <ref href="#d28e34846">790LB</ref><ref href="#d28e34874">(3)</ref>, or it appears to the registrar that either statement is false.</p></item></blockList></item></blockList></content></subsection><subsection eId="d28e8503"><num>(2)</num><intro><p>The registrar must direct the entity to deliver to the registrar, within the period of 28 days beginning with the date of the direction—</p></intro><level class="para1" eId="d28e8509"><num>(a)</num><intro><p>a statement by the entity that—</p></intro><level class="para2" eId="d28e8515"><num>(i)</num><content><p>specifies the name of one of its relevant officers who is an individual and whose identity is verified, and</p></content></level><level class="para2"><num>(ii)</num><content><p>confirms that the individual’s identity is verified, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>a statement by the individual confirming that the individual is a relevant officer of the entity.</p></content></level></subsection><subsection><num>(3)</num><content><p>The registrar may by further direction extend that period by up to 28 days at a time.</p></content></subsection><subsection><num>(4)</num><content><p>A direction under this section must be in writing.</p></content></subsection><subsection><num>(5)</num><content><p>A direction given to an entity under this section lapses if notice is later given under section <ref href="#d28e35136">790LG</ref><ref href="#d28e35140">(1)</ref> in respect of that entity.</p></content></subsection><subsection eId="d28e8556"><num>(6)</num><intro><p>In subsection <ref href="#d28e8503">(2)</ref> “relevant officer”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to a company, means a director;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to a legal entity the affairs of which are managed by its members, means one of those members;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to any other legal entity, means an officer of the entity whose functions correspond to that of a director of a company.</p></content></level></subsection></section><section eId="d28e8586"><num>790LP</num><heading>Initial identity verification in respect of registrable relevant legal entities: transitional cases</heading><subsection><num>(1)</num><intro><p>A person must deliver to the registrar the statements required by this section if the person—</p></intro><level class="para1"><num>(a)</num><content><p>is a registrable relevant legal entity in relation to a company at any time during the appointed day, and</p></content></level><level class="para1"><num>(b)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>became a registrable relevant legal entity on the incorporation of the company in pursuance of an application for registration delivered before section <ref href="#d28e975">12B</ref><ref href="#d28e991">(3)</ref> and <ref href="#d28e1014">(4)</ref> came fully into force, or</p></content></level><level class="para2"><num>(ii)</num><content><p>became a registrable relevant legal entity, otherwise than on the incorporation of the company, before section <ref href="#d28e34846">790LB</ref><ref href="#d28e34856">(2)</ref> and <ref href="#d28e34874">(3)</ref> came fully into force.</p></content></level></level></subsection><subsection eId="d28e8636"><num>(2)</num><intro><p>The statements are—</p></intro><level class="para1"><num>(a)</num><intro><p>a statement by the entity that—</p></intro><level class="para2"><num>(i)</num><content><p>specifies the name of one of its relevant officers who is an individual and whose identity is verified, and</p></content></level><level class="para2"><num>(ii)</num><content><p>confirms that the individual’s identity is verified, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>a statement by the individual confirming that the individual is a relevant officer of the entity.</p></content></level></subsection><subsection><num>(3)</num><content><p>The statements required by this section must be delivered within the period of 28 days beginning with the appointed day.</p></content></subsection><subsection><num>(4)</num><content><p>But the registrar may by direction in writing extend that period by up to 28 days at a time.</p></content></subsection><subsection><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-appointed-day">the appointed day</term>” means such day as the Secretary of State may by regulations appoint for the purposes of this section;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-officer">relevant officer</term>” has the meaning given by section <ref href="#d28e8432">790LO</ref><ref href="#d28e8556">(6)</ref>.</p></content></hcontainer></subsection><subsection><num>(6)</num><content><p>The appointed day must not be before sections <ref href="#d28e975">12B</ref><ref href="#d28e991">(3)</ref> and <ref href="#d28e1014">(4)</ref> and <ref href="#d28e34846">790LB</ref><ref href="#d28e34856">(2)</ref> and <ref href="#d28e34874">(3)</ref> have been brought fully into force.</p></content></subsection></section><section eId="d28e8729"><num>790LQ</num><heading>Registrable persons: duty to maintain verified identity status</heading><subsection eId="d28e8733"><num>(1)</num><content><p>A registrable person in relation to a company must ensure that, throughout the relevant period, they maintain the status of a person whose identity is verified (see section 1110A).</p></content></subsection><subsection><num>(2)</num><intro><p>In this section “<term refersTo="#term-the-relevant-period">the relevant period</term>” means the period—</p></intro><level class="para1"><num>(a)</num><intro><p>beginning with—</p></intro><level class="para2"><num>(i)</num><content><p>the incorporation of the company, in a case where the person became a registrable person on its incorporation and the application for registration of the company included a statement under section <ref href="#d28e975">12B</ref><ref href="#d28e985">(2)</ref> in respect of the person,</p></content></level><level class="para2"><num>(ii)</num><content><p>the delivery to the registrar of a statement in respect of the person under section <ref href="#d28e34846">790LB</ref><ref href="#d28e34850">(1)</ref>, in a case where the person became a registrable person after the incorporation of the company and such a statement was delivered to the registrar,</p></content></level><level class="para2"><num>(iii)</num><content><p>the expiry of the period for complying with the direction under section <ref href="#d28e8230">790LM</ref>, in a case where a direction under that section is given to the person, and</p></content></level><level class="para2"><num>(iv)</num><content><p>the expiry of the period for complying with section <ref href="#d28e8330">790LN</ref>, in a case where that section applies to the person, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>ending on the giving of a notice to the registrar under section <ref href="#d28e35087">790LF</ref> that the person has ceased to be a registrable person in relation to the company.</p></content></level></subsection><subsection><num>(3)</num><content><p>In this section “<term refersTo="#term-registrable-person">registrable person</term>” does not include a person mentioned in section 790C(12)(a) to (d).</p></content></subsection></section><section eId="d28e8815"><num>790LR</num><heading>Registrable relevant legal entities: duty to maintain registered officer whose identity is verified</heading><subsection eId="d28e8819"><num>(1)</num><intro><p>A registrable relevant legal entity in relation to a company must ensure that, throughout the relevant period, its registered officer—</p></intro><level class="para1"><num>(a)</num><content><p>is a relevant officer of the entity, and</p></content></level><level class="para1" eId="d28e8831"><num>(b)</num><content><p>is an individual whose identity is verified (see section 1110A).</p></content></level></subsection><subsection><num>(2)</num><intro><p>In this section “<term refersTo="#term-registered-officer">registered officer</term>”, in relation to a registrable relevant legal entity, means—</p></intro><level class="para1"><num>(a)</num><intro><p>the person whose name is specified in—</p></intro><level class="para2"><num>(i)</num><content><p>a statement delivered to the registrar in respect of the entity under section <ref href="#d28e975">12B</ref><ref href="#d28e991">(3)</ref> or <ref href="#d28e34846">790LB</ref><ref href="#d28e34856">(2)</ref>,</p></content></level><level class="para2"><num>(ii)</num><content><p>a statement delivered to the registrar by the entity in pursuance of a direction under section <ref href="#d28e8432">790LO</ref><ref href="#d28e8503">(2)</ref>, or</p></content></level><level class="para2"><num>(iii)</num><content><p>a statement delivered to the registrar under section <ref href="#d28e8586">790LP</ref><ref href="#d28e8636">(2)</ref>,</p></content></level><wrapUp><p>unless the entity has changed its registered officer under section <ref href="#d28e8999">790LS</ref>, or</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>if the entity has changed its registered officer under section <ref href="#d28e8999">790LS</ref>, the person specified in the latest notice under that section.</p></content></level></subsection><subsection><num>(3)</num><intro><p>In this section “<term refersTo="#term-the-relevant-period">the relevant period</term>” means the period—</p></intro><level class="para1"><num>(a)</num><intro><p>beginning with—</p></intro><level class="para2"><num>(i)</num><content><p>the incorporation of the company, in a case where the entity became a relevant registrable legal entity on the incorporation of the company and the application for registration of the company included a statement under section <ref href="#d28e975">12B</ref><ref href="#d28e991">(3)</ref> in respect of the entity,</p></content></level><level class="para2"><num>(ii)</num><content><p>the delivery to the registrar of a statement in respect of the registrable relevant legal entity under section <ref href="#d28e34846">790LB</ref><ref href="#d28e34856">(2)</ref>, in a case where the entity became a relevant registrable legal entity after the incorporation of the company and such a statement was delivered to the registrar,</p></content></level><level class="para2"><num>(iii)</num><content><p>the expiry of the period for complying with the direction <ref href="#d28e8432">790LO</ref>, in a case where the entity is given a direction under that section, and</p></content></level><level class="para2"><num>(iv)</num><content><p>the expiry of the period for complying with section <ref href="#d28e8586">790LP</ref>, where that section applies to the entity, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>ending with the giving of a notice to the registrar under section <ref href="#d28e35087">790LF</ref> that the entity has ceased to be a relevant registrable legal entity in relation to the company,</p></content></level><wrapUp><p>but see subsection <ref href="#d28e8973">(4)</ref>.</p></wrapUp></subsection><subsection eId="d28e8973"><num>(4)</num><content><p>If the registered officer of a registrable relevant legal entity ceases to be a relevant officer of that entity, “<term refersTo="#term-the-relevant-period">the relevant period</term>” does not include the period of 28 days beginning with the day on which the person so ceases.</p></content></subsection><subsection eId="d28e8982"><num>(5)</num><content><p>In this section “<term refersTo="#term-relevant-officer">relevant officer</term>” has the meaning given by section <ref href="#d28e8432">790LO</ref><ref href="#d28e8556">(6)</ref>.</p></content></subsection></section><section eId="d28e8999"><num>790LS</num><heading>Registrable relevant legal entities: change of registered relevant officer</heading><subsection eId="d28e9003"><num>(1)</num><content><p>A registrable relevant legal entity may change its registered officer for the purposes of section <ref href="#d28e8815">790LR</ref> by giving notice to the registrar.</p></content></subsection><subsection><num>(2)</num><intro><p>The notice must include a statement by the entity that the new registered officer—</p></intro><level class="para1"><num>(a)</num><content><p>is a relevant officer of the entity, and</p></content></level><level class="para1" eId="d28e9024"><num>(b)</num><content><p>is an individual whose identity is verified (see section 1110A).</p></content></level></subsection><subsection eId="d28e9030"><num>(3)</num><content><p>The notice must be accompanied by a statement by the individual who is the new registered officer confirming that the individual is a relevant officer of the registrable relevant legal entity.</p></content></subsection><subsection><num>(4)</num><content><p>In this section “<term refersTo="#term-relevant-officer">relevant officer</term>” has the meaning given by section <ref href="#d28e8432">790LO</ref><ref href="#d28e8556">(6)</ref>.</p></content></subsection></section><section><num>790LT</num><heading>Offence of failing to comply with sections <ref href="#d28e8230">790LM</ref> to <ref href="#d28e8815">790LR</ref></heading><subsection><num>(1)</num><intro><p>It is an offence for a person to fail, without reasonable excuse, to comply with—</p></intro><level class="para1"><num>(a)</num><content><p>any of the following sections—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e8330">790LN</ref>;</p></item><item><p>section <ref href="#d28e8586">790LP</ref>;</p></item><item><p>section <ref href="#d28e8729">790LQ</ref>;</p></item><item><p>section <ref href="#d28e8815">790LR</ref>;</p></item></blockList></content></level><level class="para1"><num>(b)</num><content><p>a direction under section <ref href="#d28e8230">790LM</ref> or <ref href="#d28e8432">790LO</ref>.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where an offence under this section is committed by a registrable relevant legal entity, every officer of the entity who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section><section eId="section-65"><num>65</num><heading>Procedure etc for verifying identity</heading><subsection eId="section-65-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-65-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (3), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>sections <ref href="#d28e9205">1110A</ref> and <ref href="#d28e9343">1110B</ref> (identity verification),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-65-3"><num>(3)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), after paragraph (gb) (inserted by section 66 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(gc)</num><content><p>any document delivered to the registrar under regulations under section <ref href="#d28e9343">1110B</ref>;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-65-4"><num>(4)</num><content><p><mod>After section 1110 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Identity verification</heading><section eId="d28e9205"><num>1110A</num><heading>Meaning of “identity is verified”</heading><subsection><num>(1)</num><intro><p>For the purposes of this Act an individual’s “identity is verified” if—</p></intro><level class="para1"><num>(a)</num><content><p>the individual’s identity has been verified by the registrar in accordance with regulations under section <ref href="#d28e9343">1110B</ref>, or</p></content></level><level class="para1" eId="d28e9224"><num>(b)</num><content><p>a verification statement in respect of the individual has been delivered to the registrar,</p></content></level><wrapUp><p>and the individual has not, since then, ceased to be an individual whose identity is verified by virtue of regulations under subsection <ref href="#d28e9265">(6)</ref>.</p></wrapUp></subsection><subsection><num>(2)</num><content><p>A verification statement is a statement by an authorised corporate service provider confirming that it has verified an individual’s identity in accordance with regulations under section <ref href="#d28e9343">1110B</ref>.</p></content></subsection><subsection><num>(3)</num><content><p>A verification statement must also specify the authorised corporate service provider’s supervisory authority or authorities for the purposes of the Money Laundering Regulations.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State may by regulations make further provision about the contents of verification statements (including provision amending this section).</p></content></subsection><subsection><num>(5)</num><content><p>Where a person is required or authorised by any other provision to deliver a statement to the registrar that an individual’s identity is verified, that statement may be delivered at the same time as the verification statement by virtue of which the individual becomes someone whose identity is verified under subsection <ref href="#d28e9224">(1)(b)</ref>.</p></content></subsection><subsection eId="d28e9265"><num>(6)</num><content><p>The Secretary of State may by regulations provide for circumstances in which someone ceases to be an individual whose identity is verified.</p></content></subsection><subsection><num>(7)</num><intro><p>The provision that can be made under subsection <ref href="#d28e9265">(6)</ref> includes—</p></intro><level class="para1"><num>(a)</num><content><p>provision to confer a discretion on the registrar;</p></content></level><level class="para1"><num>(b)</num><intro><p>provision that someone ceases to be an individual whose identity is verified unless, within a specified period of time—</p></intro><level class="para2"><num>(i)</num><content><p>their identity is reverified by the registrar in accordance with regulations under section <ref href="#d28e9343">1110B</ref>, or</p></content></level><level class="para2"><num>(ii)</num><content><p>an authorised corporate service provider delivers to the registrar a statement: (A) confirming that it has reverified the individual’s identity in accordance with regulations under section <ref href="#d28e9343">1110B</ref>, (B) specifying the authorised corporate service provider’s supervisory authority or authorities for the purposes of the Money Laundering Regulations, and (C) containing anything else required by the regulations.</p></content></level></level></subsection><subsection><num>(8)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(9)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-money-laundering-regulations">Money Laundering Regulations</term>” means the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (<ref eId="c00007" href="http://www.legislation.gov.uk/id/uksi/2017/692">S.I. 2017/692</ref>);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-supervisory-authority">supervisory authority</term>” means an authority that is a supervisory authority under the Money Laundering Regulations (see regulation 7 of those Regulations).</p></content></hcontainer></subsection></section><section eId="d28e9343"><num>1110B</num><heading>Verification requirements</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision for and in connection with verification or reverification of an individual’s identity for the purposes of this Act by the registrar or by an authorised corporate service provider.</p></content></subsection><subsection><num>(2)</num><intro><p>The regulations may, in particular, make provision about—</p></intro><level class="para1"><num>(a)</num><content><p>the procedure for verifying or reverifying an individual’s identity, including the evidence required;</p></content></level><level class="para1" eId="d28e9365"><num>(b)</num><content><p>the records that a person who is or has been an authorised corporate service provider is required to keep in connection with the verification or reverification of an individual’s identity.</p></content></level></subsection><subsection><num>(3)</num><content><p>The regulations may create offences in relation to failures to comply with requirements imposed by virtue of subsection <ref href="#d28e9365">(2)(b)</ref>.</p></content></subsection><subsection><num>(4)</num><intro><p>The regulations must provide for any such offence to be punishable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, by imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, by imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, by imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum;</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, by imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum.</p></content></level></level></subsection><subsection><num>(5)</num><content><p>The provision that can be made in regulations under this section includes provision conferring a discretion on the registrar, including provision conferring power to impose requirements by registrar’s rules.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-65-5"><num>(5)</num><content><p><mod>In Schedule 8 (index of defined expressions), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:70%"/><default:col span="1" style="width:30%"/><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">identity is verified</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">section <ref href="#d28e9205">1110A</ref></p></default:td></default:tr></default:tbody></default:table></foreign></tblock></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-66"><num>66</num><heading>Authorisation of corporate service providers</heading><subsection eId="section-66-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-66-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (3), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>sections <ref href="#d28e9524">1098A</ref> to <ref href="#d28e10158">1098H</ref> (authorised corporate service providers),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-66-3"><num>(3)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), after paragraph (ga) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e9491"><num>(gb)</num><content><p>any application or other document delivered to the registrar under section <ref href="#d28e9563">1098B</ref>, <ref href="#d28e9854">1098D</ref> or <ref href="#d28e9933">1098E</ref> or regulations under section <ref href="#d28e10086">1098G</ref> (authorised corporate service providers);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-66-4"><num>(4)</num><content><p><mod>After section 1098 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Authorised corporate service providers</heading><section eId="d28e9524"><num>1098A</num><heading>Meaning of “authorised corporate service provider”</heading><intro><p>In this Act “<term refersTo="#term-authorised-corporate-service-provider">authorised corporate service provider</term>” means a person—</p></intro><level class="para1"><num>(a)</num><content><p>whose application to the registrar to become an authorised corporate service provider for the purposes of this Act has been granted (see section <ref href="#d28e9563">1098B</ref>),</p></content></level><level class="para1"><num>(b)</num><content><p>who has not since ceased to be an authorised corporate service provider by virtue of section <ref href="#d28e9993">1098F</ref>, and</p></content></level><level class="para1"><num>(c)</num><content><p>whose status as an authorised corporate service provider is not for the time being suspended by virtue of section <ref href="#d28e9993">1098F</ref>.</p></content></level></section><section eId="d28e9563"><num>1098B</num><heading>Application to become authorised corporate service provider</heading><subsection><num>(1)</num><intro><p>A person may apply to the registrar to become an authorised corporate service provider for the purposes of this Act if—</p></intro><level class="para1" eId="d28e9573"><num>(a)</num><content><p>the person is a relevant person as defined by regulation 8(1) of the Money Laundering Regulations,</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of an individual, their identity is verified (see section <ref href="#d28e9205">1110A</ref>), and</p></content></level><level class="para1" eId="d28e9588"><num>(c)</num><content><p>the person meets any other requirements imposed by regulations made by the Secretary of State for the purposes of this paragraph.</p></content></level></subsection><subsection eId="d28e9594"><num>(2)</num><intro><p>An application under this section must contain—</p></intro><level class="para1"><num>(a)</num><content><p>the name of the applicant’s supervisory authority or authorities for the purposes of the Money Laundering Regulations,</p></content></level><level class="para1"><num>(b)</num><content><p>the required information about the applicant (see section <ref href="#d28e9727">1098C</ref>), and</p></content></level><level class="para1" eId="d28e9615"><num>(c)</num><content><p>in the case of an application by an individual, a statement that the individual’s identity is verified (see section 1110A).</p></content></level><wrapUp><p>(See also section <ref href="#d28e9854">1098D</ref>, which imposes restrictions on who may deliver an application under this section on behalf of a firm.)</p></wrapUp></subsection><subsection eId="d28e9627"><num>(3)</num><content><p>Where an application is made under this section, the registrar must check with the supervisory authority, or at least one of the supervisory authorities, specified in the application, to find out whether the applicant is known to and supervised by that authority.</p></content></subsection><subsection eId="d28e9633"><num>(4)</num><intro><p>Having carried out that check, the registrar must grant the application if—</p></intro><level class="para1"><num>(a)</num><content><p>the supervisory authority, or at least one of the supervisory authorities, specified in the application has confirmed that the applicant is known to and supervised by that authority,</p></content></level><level class="para1"><num>(b)</num><content><p>where the applicant is an individual, the registrar is satisfied that their identity is verified (see section <ref href="#d28e9205">1110A</ref>),</p></content></level><level class="para1" eId="d28e9654"><num>(c)</num><content><p>any other conditions that may be specified by regulations made by the Secretary of State for the purposes of this paragraph are met, and</p></content></level><level class="para1"><num>(d)</num><content><p>the registrar is not required by subsection <ref href="#d28e9669">(5)</ref> to refuse the application.</p></content></level></subsection><subsection eId="d28e9669"><num>(5)</num><content><p>The registrar must refuse the application if it appears to the registrar that the applicant is not a fit and proper person to carry out the functions of an authorised corporate service provider.</p></content></subsection><subsection><num>(6)</num><content><p>The provision that can be made in regulations under subsection <ref href="#d28e9654">(4)(c)</ref> includes provision conferring a discretion on the registrar.</p></content></subsection><subsection><num>(7)</num><content><p>Regulations under subsection <ref href="#d28e9588">(1)(c)</ref> or <ref href="#d28e9654">(4)(c)</ref> are subject to affirmative resolution procedure.</p></content></subsection><subsection eId="d28e9696"><num>(8)</num><intro><p>For the purposes of this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-money-laundering-regulations">Money Laundering Regulations</term>” means the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (<ref eId="c00008" href="http://www.legislation.gov.uk/id/uksi/2017/692">S.I. 2017/692</ref>);</p></content></hcontainer><hcontainer name="definition"><content><p>“supervised”: a person is supervised by a supervisory authority if regulation 7(1) of the Money Laundering Regulations provides that it is a supervisory authority for that person;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-supervisory-authority">supervisory authority</term>” means an authority that is a supervisory authority under the Money Laundering Regulations (see regulation 7 of those Regulations).</p></content></hcontainer></subsection></section><section eId="d28e9727"><num>1098C</num><heading>The required information about an applicant</heading><subsection eId="d28e9731"><num>(1)</num><intro><p>The “required information” about the applicant, in the case of a firm that is applying to become an authorised corporate service provider, means—</p></intro><level class="para1"><num>(a)</num><content><p>firm name,</p></content></level><level class="para1"><num>(b)</num><content><p>principal office,</p></content></level><level class="para1"><num>(c)</num><content><p>a service address,</p></content></level><level class="para1"><num>(d)</num><content><p>an email address,</p></content></level><level class="para1"><num>(e)</num><content><p>the legal form of the firm and the law by which it is governed, and</p></content></level><level class="para1"><num>(f)</num><content><p>if applicable, the register in which it is entered (including details of the state) and its registration number in that register.</p></content></level></subsection><subsection eId="d28e9773"><num>(2)</num><intro><p>The “required information” about the applicant, in the case of an individual who is applying to become an authorised corporate service provider, means—</p></intro><level class="para1" eId="d28e9779"><num>(a)</num><content><p>name, nationality and date of birth,</p></content></level><level class="para1"><num>(b)</num><content><p>a service address,</p></content></level><level class="para1"><num>(c)</num><content><p>an email address, and</p></content></level><level class="para1"><num>(d)</num><content><p>the part of the United Kingdom in which the person is usually resident or, if the person is usually resident in a country or state outside the United Kingdom, that country or state.</p></content></level></subsection><subsection><num>(3)</num><content><p>In subsection <ref href="#d28e9779">(2)(a)</ref> “<term refersTo="#term-name">name</term>” means forename and surname.</p></content></subsection><subsection eId="d28e9815"><num>(4)</num><content><p>Where the applicant is a peer or an individual usually known by a title, the requirement for the application to contain their name may be satisfied by providing that title instead of the individual’s forename and surname.</p></content></subsection><subsection><num>(5)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>amend this section so as to change the required information about the applicant in the case of a firm or individual applying to become an authorised corporate service provider;</p></content></level><level class="para1"><num>(b)</num><content><p>repeal subsection <ref href="#d28e9815">(4)</ref>.</p></content></level></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section eId="d28e9854"><num>1098D</num><heading>Delivery of applications under section <ref href="#d28e9563">1098B</ref> on behalf of a firm</heading><intro><p>An application under section <ref href="#d28e9563">1098B</ref> by a firm mentioned in the first column of the table—</p></intro><level class="para1"><num>(a)</num><content><p>must be delivered to the registrar on its behalf by a relevant officer mentioned in the second column who is an individual (see also section 1067A(2)), and</p></content></level><level class="para1"><num>(b)</num><content><p>must be accompanied by a statement by the individual confirming their status as a relevant officer of the firm.</p></content></level><wrapUp><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:44%"/><default:col span="1" style="width:56%"/><default:thead><default:tr><default:th><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Firm</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Relevant officer</p></default:th></default:tr></default:thead><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-color="black" fo:border-top-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">company</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">director</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">body corporate other than a company</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-left-width="0.5pt" fo:border-left-style="solid"><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>where the body’s affairs are managed by its members, a member of the body;</p></item><item><num>(b)</num><p>in any other case, any officer of the body whose functions correspond to that of a director of a company.</p></item></blockList></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">partnership</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-left-width="0.5pt" fo:border-left-style="solid"><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>in relation to a limited partnership, a general partner as defined by section 3 of the Limited Partnerships Act 1907;</p></item><item><num>(b)</num><p>in relation to any other partnership, a member of the partnership</p></item></blockList></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">unincorporated body other than a partnership</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-left-width="0.5pt" fo:border-left-style="solid"><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>where the body’s affairs are managed by its members, a member of the body;</p></item><item><num>(b)</num><p>in any other case, a member of the governing body.</p></item></blockList></default:td></default:tr></default:tbody></default:table></foreign></tblock></wrapUp></section><section eId="d28e9933"><num>1098E</num><heading>Updating duties of authorised corporate service providers</heading><subsection><num>(1)</num><content><p>A person who is an authorised corporate service provider must notify the registrar of any change in its supervisory authority or authorities for the purposes of the Money Laundering Regulations within the period of 14 days beginning with the date on which the change occurs.</p></content></subsection><subsection><num>(2)</num><content><p>Where the change is the result of an agreement under regulation 7(2) of the Money Laundering Regulations, for the purposes of this section the change is not to be treated as having occurred until the authority that has agreed to act notifies the person or publishes the agreement under regulation 7(3).</p></content></subsection><subsection eId="d28e9949"><num>(3)</num><content><p>A person who, without reasonable excuse, fails to comply with this section commits an offence.</p></content></subsection><subsection><num>(4)</num><content><p>Where the offence is committed by a firm, every officer of the firm who is in default also commits the offence.</p></content></subsection><subsection eId="d28e9961"><num>(5)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(6)</num><content><p>In this section “Money Laundering Regulations” and “supervisory authority” have the meanings given by section <ref href="#d28e9563">1098B</ref><ref href="#d28e9696">(8)</ref>.</p></content></subsection></section><section eId="d28e9993"><num>1098F</num><heading>Ceasing to be an authorised corporate service provider</heading><subsection eId="d28e9997"><num>(1)</num><content><p>A person ceases to be an authorised corporate service provider if the person ceases to be a relevant person as defined by regulation 8(1) of the Money Laundering Regulations.</p></content></subsection><subsection eId="d28e10003"><num>(2)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1" eId="d28e10009"><num>(a)</num><content><p>provide for other circumstances in which a person ceases to be an authorised corporate service provider, whether automatically or as a result of a decision taken by the registrar;</p></content></level><level class="para1"><num>(b)</num><content><p>provide for circumstances in which the registrar may suspend a person’s status as an authorised corporate service provider pending a decision by the registrar under regulations made by virtue of paragraph <ref href="#d28e10009">(a)</ref>.</p></content></level></subsection><subsection><num>(3)</num><intro><p>The provision that can be made under subsection <ref href="#d28e10003">(2)</ref> includes provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>procedure;</p></content></level><level class="para1"><num>(b)</num><content><p>the period of a suspension;</p></content></level><level class="para1"><num>(c)</num><content><p>the revocation of a suspension.</p></content></level></subsection><subsection><num>(4)</num><content><p>The provision that can be made in regulations under subsection <ref href="#d28e10003">(2)</ref> includes provision conferring a discretion on the registrar.</p></content></subsection><subsection><num>(5)</num><content><p>Regulations under subsection <ref href="#d28e10003">(2)</ref> are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-money-laundering-regulations">Money Laundering Regulations</term>” has the meaning given by section <ref href="#d28e9563">1098B</ref><ref href="#d28e9696">(8)</ref>.</p></content></subsection></section><section eId="d28e10086"><num>1098G</num><heading>Power to impose duties to provide information</heading><subsection eId="d28e10090"><num>(1)</num><content><p>The Secretary of State may by regulations require a person who is or has been an authorised corporate service provider to provide information to the registrar in accordance with the regulations (including information for the purpose of monitoring compliance with the requirements of this Act).</p></content></subsection><subsection><num>(2)</num><content><p>The provision that may be made by regulations under subsection <ref href="#d28e10090">(1)</ref> includes provision requiring information to be provided on request, on the occurrence of an event or at regular intervals.</p></content></subsection><subsection><num>(3)</num><content><p>The circumstances that may be specified under section <ref href="#d28e9993">1098F</ref><ref href="#d28e10003">(2)</ref> include failure to comply with a requirement under subsection <ref href="#d28e10090">(1)</ref>.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations under this section may create offences in relation to failures to comply with requirements imposed by the regulations.</p></content></subsection><subsection><num>(5)</num><intro><p>The regulations must provide for any such offence to be punishable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales with a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, with a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(6)</num><content><p>The provision that can be made in regulations under this section includes provision conferring a discretion on the registrar.</p></content></subsection><subsection><num>(7)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section eId="d28e10158"><num>1098H</num><heading>Power to enable authorisation of foreign corporate service providers</heading><subsection eId="d28e10162"><num>(1)</num><content><p>The Secretary of State may by regulations make provision for the purposes of enabling a person who is subject to a relevant regulatory regime under the law of a territory outside the United Kingdom to become an authorised corporate service provider, even if the person is not a relevant person as defined by regulation 8(1) of the Money Laundering Regulations.</p></content></subsection><subsection><num>(2)</num><content><p>In subsection <ref href="#d28e10162">(1)</ref> “<term refersTo="#term-relevant-regulatory-regime">relevant regulatory regime</term>” means a regulatory regime that, in the opinion of the Secretary of State, has similar objectives to the regulatory regime under the Money Laundering Regulations for relevant persons and is likely to be no less effective in achieving those objectives.</p></content></subsection><subsection><num>(3)</num><intro><p>Regulations under this section—</p></intro><level class="para1"><num>(a)</num><content><p>may amend any of sections <ref href="#d28e9563">1098B</ref> to <ref href="#d28e10086">1098G</ref> or insert new sections into this Act;</p></content></level><level class="para1"><num>(b)</num><content><p>may make consequential amendments or repeals in other provisions of this Act.</p></content></level></subsection><subsection><num>(4)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(5)</num><content><p>In this section “<term refersTo="#term-money-laundering-regulations">Money Laundering Regulations</term>” has the meaning given by section <ref href="#d28e9563">1098B</ref><ref href="#d28e9696">(8)</ref>.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-66-5"><num>(5)</num><content><p><mod>In Schedule 8 (index of defined expressions), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:70%"/><default:col span="1" style="width:30%"/><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">authorised corporate service provider</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">section <ref href="#d28e9524">1098A</ref></p></default:td></default:tr></default:tbody></default:table></foreign></tblock></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-67"><num>67</num><heading>Exemption from identity verification: national security grounds</heading><subsection eId="section-67-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-67-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (4), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e10287">1110C</ref> (identity verification: exemption on national security grounds),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-67-3"><num>(3)</num><content><p><mod>After section 1110B (inserted by section 65 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e10287"><num>1110C</num><heading>Identity verification: exemption on national security grounds etc</heading><subsection><num>(1)</num><intro><p>The Secretary of State may, by written notice given to a person, provide for one or more of the effects listed in subsection <ref href="#d28e10312">(2)</ref> to apply in relation to the person, if satisfied that to do so is necessary—</p></intro><level class="para1"><num>(a)</num><content><p>in the interests of national security, or</p></content></level><level class="para1" eId="d28e10306"><num>(b)</num><content><p>for the purposes of preventing or detecting serious crime.</p></content></level></subsection><subsection eId="d28e10312"><num>(2)</num><intro><p>The effects for which the notice may provide are that—</p></intro><level class="para1"><num>(a)</num><content><p>where a statement of proposed officers names the person as a director, section 12<ref href="#d28e685">(2A)</ref> does not require a statement under that subsection to be made in relation to the person;</p></content></level><level class="para1"><num>(b)</num><content><p>section <ref href="#d28e32750">167G</ref><ref href="#d28e32796">(3)(c)</ref> does not apply in relation to a notice of the person having become a director;</p></content></level><level class="para1"><num>(c)</num><content><p>section <ref href="#d28e5391">167M</ref><ref href="#d28e5395">(1)</ref> does not apply in relation to the person and section 167M(2) does not impose any obligation on a company in relation to the person;</p></content></level><level class="para1"><num>(d)</num><content><p>section <ref href="#d28e5488">167N</ref><ref href="#d28e5492">(1)</ref> does not apply in relation to the person;</p></content></level><level class="para1"><num>(e)</num><content><p>section 1067A does not apply in relation to the delivery of documents to the registrar by the person on their own behalf or on behalf of another;</p></content></level><level class="para1"><num>(f)</num><content><p>section 1098B(2)(c) does not apply in relation to the person.</p></content></level></subsection><subsection><num>(3)</num><intro><p>For the purposes of subsection <ref href="#d28e10306">(1)(b)</ref>—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-crime">crime</term>” means conduct which—</p></intro><level class="para2"><num>(i)</num><content><p>constitutes a criminal offence, or</p></content></level><level class="para2"><num>(ii)</num><content><p>is, or corresponds to, any conduct which, if it all took place in any one part of the United Kingdom, would constitute a criminal offence, and</p></content></level></level><level class="para1"><num>(b)</num><intro><p>crime is “serious” if—</p></intro><level class="para2"><num>(i)</num><content><p>the offence which is or would be constituted by the conduct is an offence for which the maximum sentence (in any part of the United Kingdom) is imprisonment for 3 years or more, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the conduct involves the use of violence, results in substantial financial gain or is conduct by a large number of persons in pursuit of a common purpose.</p></content></level></level></subsection></section></quotedStructure></mod></p></content></subsection></section><section eId="section-68"><num>68</num><heading>Allocation of unique identifiers</heading><subsection eId="section-68-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-68-2"><num>(2)</num><intro><p>In section 1082 (allocation of unique identifiers)—</p></intro><level class="para1" eId="section-68-2-a"><num>(a)</num><intro><p>in subsection (1)—</p></intro><level class="para2" eId="section-68-2-a-i"><num>(i)</num><content><p><mod>after “may” insert <quotedText>“by regulations”</quotedText>;</mod></p></content></level><level class="para2" eId="section-68-2-a-ii"><num>(ii)</num><content><p><mod>after “in connection with the register” insert <quotedText>“or dealings with the registrar”</quotedText>;</mod></p></content></level><level class="para2" eId="section-68-2-a-iii"><num>(iii)</num><content><p><mod>after paragraph (b) (but before the “or” at the end of that paragraph) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>is an authorised corporate service provider;</p></content></level><level class="para1"><num>(bb)</num><content><p>is an individual whose identity is verified,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="section-68-2-b"><num>(b)</num><content><p><mod>subsection (2)(c), for “a statement of the person’s name” substitute <quotedText>“any statement by or referring to the person”</quotedText>;</mod></p></content></level><level class="para1" eId="section-68-2-c"><num>(c)</num><content><p><mod>in subsection (2), for paragraph (d) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><intro><p>confer power on the registrar—</p></intro><level class="para2"><num>(i)</num><content><p>to give a person a new unique identifier;</p></content></level><level class="para2"><num>(ii)</num><content><p>to discontinue the use of a unique identifier for a person who is allocated a new identifier or who has more than one.</p></content></level></level></quotedStructure></mod></p></content></level></subsection><subsection eId="section-68-3"><num>(3)</num><content><p><mod>In section 1087 (material not available for public inspection), after paragraph (d) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(dza)</num><content><p>any statement made in accordance with regulations made by virtue of section 1082(2)(c).</p></content></level></quotedStructure></mod></p></content></subsection></section><section eId="section-69"><num>69</num><heading>Identity verification: material unavailable for public inspection</heading><intro><p>In section 1087 of the Companies Act 2006 (material unavailable for public inspection), in subsection (1)—</p></intro><level class="para1" eId="section-69-a"><num>(a)</num><content><p><mod>in the words before paragraph (a), after “not” insert <quotedText>“, so far as it forms part of the register,”</quotedText>;</mod></p></content></level><level class="para1" eId="section-69-b"><num>(b)</num><content><p><mod>after paragraph (gc) (inserted by section 65 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(gd)</num><content><p>any statement or other document delivered to the registrar by virtue of any of the following provisions (which relate to identity verification)—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 12<ref href="#d28e685">(2A)</ref>;</p></item><item><p>section <ref href="#d28e975">12B</ref><ref href="#d28e985">(2)</ref> to <ref href="#d28e1014">(4)</ref>;</p></item><item><p>section <ref href="#d28e32750">167G</ref><ref href="#d28e32796">(3)(c)</ref>;</p></item><item><p>section <ref href="#d28e34846">790LB</ref><ref href="#d28e34850">(1)</ref> to <ref href="#d28e34874">(3)</ref>;</p></item><item><p>section <ref href="#d28e8230">790LM</ref><ref href="#d28e8289">(2)</ref>;</p></item><item><p>section <ref href="#d28e8432">790LO</ref><ref href="#d28e8503">(2)</ref>;</p></item><item><p>section <ref href="#d28e8999">790LS</ref><ref href="#d28e9003">(1)</ref> to <ref href="#d28e9030">(3)</ref>;</p></item><item><p>section <ref href="#d28e11054">1067A</ref>;</p></item></blockList></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-striking-off-and-restoration-to-the-register"><heading>Striking off and restoration to the register</heading><section eId="section-70"><num>70</num><heading>Registrar’s power to strike off company registered on false basis</heading><subsection eId="section-70-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-70-2"><num>(2)</num><content><p><mod>After section 1002 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Registrar’s power to strike off company registered on false basis</heading><section><num>1002A</num><heading>Power to strike off company registered on false basis</heading><subsection eId="d28e10681"><num>(1)</num><intro><p>The registrar may strike a company’s name off the register if the registrar has reasonable cause to believe that—</p></intro><level class="para1" eId="d28e10687"><num>(a)</num><content><p>any information contained in the application for the registration of the company, or in any application for restoration of the company to the register, is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1" eId="d28e10693"><num>(b)</num><content><p>any statement made to the registrar in connection with such an application is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>In subsection <ref href="#d28e10681">(1)</ref> the reference to an application includes any documents delivered to the registrar in connection with the application.</p></content></subsection><subsection><num>(3)</num><intro><p>The registrar may not exercise the power in subsection <ref href="#d28e10681">(1)</ref> unless—</p></intro><level class="para1" eId="d28e10717"><num>(a)</num><content><p>the registrar has published a notice in the Gazette that, at the end of the period of 28 days beginning with the date of the notice, the name of the company mentioned in the notice will, unless cause is shown to the contrary, be struck off the register and the company will be dissolved, and</p></content></level><level class="para1"><num>(b)</num><content><p>the period mentioned in paragraph <ref href="#d28e10717">(a)</ref> has expired.</p></content></level></subsection><subsection><num>(4)</num><content><p>If the registrar exercises the power in subsection <ref href="#d28e10681">(1)</ref>, the registrar must publish a notice in the Gazette of the company’s name having been struck off the register.</p></content></subsection><subsection><num>(5)</num><content><p>On the publication of the notice in the Gazette the company is dissolved.</p></content></subsection><subsection><num>(6)</num><intro><p>However—</p></intro><level class="para1"><num>(a)</num><content><p>the liability (if any) of every director, managing officer or member of the company continues and may be enforced as if the company had not been dissolved, and</p></content></level><level class="para1"><num>(b)</num><content><p>nothing in this section affects the power of the court to wind up a company the name of which has been struck off the register.</p></content></level></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-70-3"><num>(3)</num><content><p><mod>In section 1024 (application for administrative restoration to the register), in subsection (1), for the words from “section” to the end substitute <quotedText startQuote="“">—</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(a)</num><content><p>section 1000 or 1001 (power of registrar to strike off defunct company), or</p></content></level><level class="para1"><num>(b)</num><content><p>section 1002A (power of registrar to strike off company registered on false basis).</p></content></level></quotedStructure></mod></p></content></subsection><subsection eId="section-70-4"><num>(4)</num><content><p><mod>In section 1025 (requirements for administrative restoration), for subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><intro><p>The first condition is that—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a company struck off the register under section 1000 or 1001, the company was carrying on business or in operation at the time of its striking off;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of a company struck off the register under section 1002A, at the time of its striking off, the registrar did not have reasonable cause to believe the matter set out in section 1002A(1)(a) or (b).</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-70-5"><num>(5)</num><content><p><mod>In section 1028A (administrative restoration of company with share warrants), in subsection (1), for “or 1001” substitute <quotedText>“, 1001 or 1002A”</quotedText>.</mod></p></content></subsection><subsection eId="section-70-6"><num>(6)</num><intro><p>In section 1029 (application to court for restoration to the register), in subsection (1)(c)—</p></intro><level class="para1" eId="section-70-6-a"><num>(a)</num><content><p>omit the “or” at the end of sub-paragraph (i);</p></content></level><level class="para1" eId="section-70-6-b"><num>(b)</num><content><p><mod>after that sub-paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para2"><num>(ia)</num><content><p>under section 1002A (power of registrar to strike off company registered on false basis), or</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subsection><subsection eId="section-70-7"><num>(7)</num><content><p><mod>In section 1030 (timing for application to court for restoration to the register), in subsection (5)(a), after “company)” insert <quotedText>“or section 1002A (power of registrar to strike off company registered on false basis)”</quotedText>.</mod></p></content></subsection><subsection eId="section-70-8"><num>(8)</num><intro><p>In section 1031 (decision on application for restoration by the court), in subsection (1)—</p></intro><level class="para1" eId="section-70-8-a"><num>(a)</num><content><p><mod>after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>if the company was struck off the register under section 1002A (power of registrar to strike off company registered on false basis) and the court considers that, at the time of the striking off, the registrar did not have reasonable cause to believe the matter set out in section 1002A(1)(a) or <ref href="#d28e10693">(b)</ref>;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-70-8-b"><num>(b)</num><content><p><mod>in paragraph (c), for “other case” substitute <quotedText>“case (including a case falling within paragraph (a), (aa) or (b))”</quotedText>.</mod></p></content></level></subsection></section><section eId="section-71"><num>71</num><heading>Requirements for administrative restoration</heading><content><p><mod>In section 1025 of the Companies Act 2006 (requirements for administrative restoration), for subsection (5) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><content><p>The third condition is that the applicant has delivered to the registrar such documents relating to the company as are necessary to ensure that if the company is restored to the register the records kept by the registrar relating to the company will be up to date.</p></content></subsection><subsection><num>(5A)</num><intro><p>The fourth condition is—</p></intro><level class="para1"><num>(a)</num><content><p>that any outstanding penalties under section 453 or corresponding earlier provisions (civil penalty for failure to deliver accounts) in relation to the company have been paid, and</p></content></level><level class="para1" eId="d28e10919"><num>(b)</num><content><p>that each relevant person has paid any outstanding fines or financial penalties imposed on them in respect of an offence under the Companies Acts relating to the company.</p></content></level></subsection><subsection><num>(5B)</num><intro><p>In subsection <ref href="#d28e10919">(5A)(b)</ref> “<term refersTo="#term-relevant-person">relevant person</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant,</p></content></level><level class="para1"><num>(b)</num><intro><p>any person who—</p></intro><level class="para2"><num>(i)</num><content><p>was a director of the company immediately before it was dissolved or struck off, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if the company is restored to the register, will be a director immediately after its restoration, or</p></content></level></level><level class="para1" eId="d28e10961"><num>(c)</num><intro><p>any person who is a relevant officer of a firm where the firm is—</p></intro><level class="para2"><num>(i)</num><content><p>a person mentioned in paragraph (a) or (b), or</p></content></level><level class="para2"><num>(ii)</num><content><p>a person falling within this paragraph.</p></content></level></level></subsection><subsection><num>(5C)</num><intro><p>In subsection <ref href="#d28e10961">(5B)(c)</ref> “relevant officer”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to a company, means a director;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to a firm the affairs of which are managed by its members, means one of those members;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to any other firm, means an officer of the firm whose functions correspond to that of a director of a company.</p></content></level></subsection></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-who-may-deliver-documents"><heading>Who may deliver documents</heading><section eId="section-72"><num>72</num><heading>Delivery of documents: identity verification etc</heading><subsection eId="section-72-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-72-2"><num>(2)</num><content><p>In section 9 (registration documents), omit subsection (3).</p></content></subsection><subsection eId="section-72-3"><num>(3)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (2), for “1068” substitute <quotedText>“<ref href="#d28e11054">1067A</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-72-4"><num>(4)</num><content><p><mod>After section 1067 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Who may deliver documents to the registrar</heading><section eId="d28e11054"><num>1067A</num><heading>Delivery of documents: identity verification requirements etc</heading><subsection eId="d28e11058"><num>(1)</num><intro><p>An individual may not deliver a document to the registrar on their own behalf unless—</p></intro><level class="para1"><num>(a)</num><content><p>their identity is verified (see section 1110A), and</p></content></level><level class="para1"><num>(b)</num><content><p>the document is accompanied by a statement to that effect.</p></content></level></subsection><subsection eId="d28e11076"><num>(2)</num><intro><p>An individual (A) may not deliver a document to the registrar on behalf of another person (B) who is of a description specified in column 1 of the following table unless—</p></intro><level class="para1"><num>(a)</num><content><p>the individual is of a description specified in the corresponding entry in column 2, and</p></content></level><level class="para1"><num>(b)</num><content><p>the document is accompanied by the statement specified in the corresponding entry in column 3.</p></content></level><wrapUp><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:6%"/><default:col span="1" style="width:20%"/><default:col span="1" style="width:35%"/><default:col span="1" style="width:40%"/><default:thead><default:tr><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"/><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">1</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">2</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">3</p></default:th></default:tr><default:tr><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"/><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Description of person on whose behalf document delivered (B)</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Description of individual who may deliver document on B’s behalf (A)</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Accompanying statement</p></default:th></default:tr></default:thead><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">1</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Firm</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual who is an officer or employee of the firm and whose identity is verified (see section 1110A).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement by A—</p><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>that A is an officer or employee of the firm,</p></item><item><num>(b)</num><p>that A is delivering the document on the firm’s behalf, and</p></item><item><num>(c)</num><p>that A’s identity is verified.</p></item></blockList></default:td></default:tr><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">2</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Firm</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual who is an officer or employee of a corporate officer of the firm and whose identity is verified.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement by A—</p><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>that A is an officer or employee of a corporate officer of the firm,</p></item><item><num>(b)</num><p>that A is delivering the document on the firm’s behalf, and</p></item><item><num>(c)</num><p>that A’s identity is verified.</p></item></blockList></default:td></default:tr><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">3</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Firm</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual who is an authorised corporate service provider (see section 1098A).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement by A—</p><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>that A is an authorised corporate service provider, and</p></item><item><num>(b)</num><p>that A is delivering the document on the firm’s behalf.</p></item></blockList></default:td></default:tr><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">4</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Firm</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual who is an officer or employee of an authorised corporate service provider.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement by A—</p><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>that A is an officer or employee of an authorised corporate service provider, and</p></item><item><num>(b)</num><p>that A is delivering the document on the firm’s behalf.</p></item></blockList></default:td></default:tr><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">5</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual whose identity is verified.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement by A—</p><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>that A is delivering the document on B’s behalf, and</p></item><item><num>(b)</num><p>that A’s identity is verified.</p></item></blockList></default:td></default:tr><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">6</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual who is an authorised corporate service provider.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement by A—</p><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>that A is an authorised corporate service provider, and</p></item><item><num>(b)</num><p>that A is delivering the document on B’s behalf.</p></item></blockList></default:td></default:tr><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-bottom-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-bottom-width="0.5pt" fo:border-left-style="solid" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">7</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-bottom-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-bottom-width="0.5pt" fo:border-left-style="solid" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-bottom-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-bottom-width="0.5pt" fo:border-left-style="solid" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual who is an officer or employee of an authorised corporate service provider.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-bottom-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-bottom-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement by A—</p><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>that A is an officer or employee of an authorised corporate service provider, and</p></item><item><num>(b)</num><p>that A is delivering the document on B’s behalf.</p></item></blockList></default:td></default:tr></default:tbody></default:table></foreign></tblock></wrapUp></subsection><subsection><num>(3)</num><intro><p>In relation to a corporate officer that has only corporate officers, the reference in row 2 of the table to an individual who is one of its officers is to—</p></intro><level class="para1"><num>(a)</num><content><p>an individual who is an officer of one of those corporate officers, or</p></content></level><level class="para1"><num>(b)</num><content><p>if the officers of those corporate officers are all corporate officers, an individual who is an officer of any of the corporate officers’ corporate officers,</p></content></level><wrapUp><p>and so on until there is at least one individual who is an officer.</p></wrapUp></subsection><subsection><num>(4)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1" eId="d28e11292"><num>(a)</num><content><p>create exceptions to subsections <ref href="#d28e11058">(1)</ref> or <ref href="#d28e11076">(2)</ref> (which may be framed by reference to the person by whom or on whose behalf a document is delivered or by reference to descriptions of document or in any other way);</p></content></level><level class="para1"><num>(b)</num><content><p>amend this section for the purpose of changing the effect of the table in subsection <ref href="#d28e11076">(2)</ref>.</p></content></level></subsection><subsection><num>(5)</num><intro><p>Regulations under subsection <ref href="#d28e11292">(4)(a)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>may require any document delivered to the registrar in reliance on an exception to be accompanied by a statement;</p></content></level><level class="para1"><num>(b)</num><content><p>may amend this section.</p></content></level></subsection><subsection><num>(6)</num><content><p>The Secretary of State may by regulations make provision requiring a statement delivered to the registrar under subsection <ref href="#d28e11076">(2)</ref> to be accompanied by additional statements or additional information in connection with the subject-matter of the statement.</p></content></subsection><subsection eId="d28e11343"><num>(7)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(8)</num><content><p>In this section “<term refersTo="#term-corporate-officer">corporate officer</term>” means an officer that is not an individual.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section><section eId="section-73"><num>73</num><heading>Disqualification from delivering documents</heading><content><p><mod>After section <ref href="#d28e11054">1067A</ref> of the Companies Act 2006 (inserted by section 72 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>1067B</num><heading>Disqualification from delivering documents</heading><subsection eId="d28e11379"><num>(1)</num><content><p>An individual who is a disqualified person may not deliver documents to the registrar on their own behalf or on behalf of another.</p></content></subsection><subsection eId="d28e11385"><num>(2)</num><intro><p>An individual may not deliver a document to the registrar on behalf of a disqualified person unless—</p></intro><level class="para1" eId="d28e11391"><num>(a)</num><content><p>the individual is an authorised corporate service provider (see section <ref href="#d28e9524">1098A</ref>), or</p></content></level><level class="para1"><num>(b)</num><content><p>the individual is an officer or employee of an authorised corporate service provider.</p></content></level></subsection><subsection><num>(3)</num><content><p>A document delivered to the registrar must be accompanied by the following two statements made by the individual delivering it.</p></content></subsection><subsection><num>(4)</num><content><p>The first is a statement that the individual is not a disqualified person.</p></content></subsection><subsection><num>(5)</num><intro><p>The second is—</p></intro><level class="para1"><num>(a)</num><content><p>a statement that the individual is delivering the document on their own behalf,</p></content></level><level class="para1"><num>(b)</num><content><p>a statement that the individual is delivering the document on behalf of another person who is not a disqualified person, or</p></content></level><level class="para1"><num>(c)</num><content><p>a statement that the individual is delivering the document on behalf of a disqualified person.</p></content></level></subsection><subsection eId="d28e11442"><num>(6)</num><content><p>For the purpose of this section “<term refersTo="#term-disqualified-person">disqualified person</term>” means a person who is disqualified under the directors disqualification legislation (see section <ref href="#d28e5000">159A</ref><ref href="#d28e5013">(2)</ref>).</p></content></subsection><subsection eId="d28e11456"><num>(7)</num><content><p>The Secretary of State may by regulations amend this section for the purposes of changing who may deliver a document to the registrar on behalf of a disqualified person.</p></content></subsection><subsection><num>(8)</num><content><p>Regulations under subsection <ref href="#d28e11456">(7)</ref> are subject to the affirmative procedure.</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-74"><num>74</num><heading>Proper delivery: requirements about who may deliver documents</heading><content><p><mod>In section 1072 of the Companies Act 2006 (requirements for proper delivery), in subsection (1), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>any applicable requirements as regards who may deliver a document to the registrar;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-facilitating-electronic-delivery"><heading>Facilitating electronic delivery</heading><section eId="section-75"><num>75</num><heading>Delivery of documents by electronic means</heading><subsection eId="section-75-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-75-2"><num>(2)</num><intro><p>In section 1068 (registrar’s requirements as to form, authentication and manner of delivery)—</p></intro><level class="para1" eId="section-75-2-a"><num>(a)</num><content><p><mod>after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4A)</num><content><p>Any requirements under subsection (4)(b) to (d) must be imposed by means of registrar’s rules.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-75-2-b"><num>(b)</num><content><p>omit subsections (5) to (6A).</p></content></level></subsection><subsection eId="section-75-3"><num>(3)</num><content><p>Omit section 1069 (power to require delivery by electronic means).</p></content></subsection><subsection eId="section-75-4"><num>(4)</num><content><p>In section 1072 (requirements for proper delivery), in subsection (1)(b), omit “section 1069 (power to require delivery by electronic means),”.</p></content></subsection></section><section eId="section-76"><num>76</num><heading>Delivery of order confirming reduction of share capital</heading><content><p><mod>In section 649 of the Companies Act 2006 (registration of court order confirming reduction of share capital and statement of capital), in subsection (1), for the words from “production of an order” to “copy of the order” substitute <quotedText>“the delivery of a copy of a court order confirming the reduction of a company’s share capital”</quotedText>.</mod></p></content></section><section eId="section-77"><num>77</num><heading>Delivery of statutory declaration of solvency</heading><subsection eId="section-77-1"><num>(1)</num><intro><p>In section 89 of the Insolvency Act 1986 (statutory declaration of solvency)—</p></intro><level class="para1" eId="section-77-1-a"><num>(a)</num><content><p><mod>in subsection (3), for “The declaration” substitute <quotedText>“A copy of the declaration”</quotedText>;</mod></p></content></level><level class="para1" eId="section-77-1-b"><num>(b)</num><content><p><mod>in subsection (6), after “If” insert <quotedText>“a copy of”</quotedText>.</mod></p></content></level></subsection><subsection eId="section-77-2"><num>(2)</num><intro><p>In Article 75 of the Insolvency (Northern Ireland) Order 1989 (<ref eId="c00009" href="http://www.legislation.gov.uk/id/nisi/1989/2405">S.I. 1989/2405 (N.I. 19)</ref>) (statutory declaration of solvency)—</p></intro><level class="para1" eId="section-77-2-a"><num>(a)</num><content><p><mod>in paragraph (3), for “The declaration” substitute <quotedText>“A copy of the declaration”</quotedText>;</mod></p></content></level><level class="para1" eId="section-77-2-b"><num>(b)</num><content><p><mod>in paragraph (6), after “If” insert <quotedText>“a copy of”</quotedText>.</mod></p></content></level></subsection></section><section eId="section-78"><num>78</num><heading>Registrar’s rules requiring documents to be delivered together</heading><subsection eId="section-78-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-78-2"><num>(2)</num><content><p><mod>After section 1068 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e11649"><num>1068A</num><heading>Registrar’s rules requiring documents to be delivered together</heading><subsection><num>(1)</num><intro><p>Registrar’s rules may provide for circumstances where—</p></intro><level class="para1" eId="d28e11659"><num>(a)</num><content><p>a person who is required to deliver two or more documents to the registrar must deliver them together;</p></content></level><level class="para1" eId="d28e11665"><num>(b)</num><content><p>a person who wishes to deliver two or more documents authorised to be delivered to the registrar is required to deliver them together (so that, for example, if one document is delivered on its own, the others cannot be delivered on a later occasion);</p></content></level><level class="para1" eId="d28e11671"><num>(c)</num><content><p>a person who wishes to deliver one or more documents authorised to be delivered to the registrar is required to deliver them together with one or more documents that the person is required to deliver to the registrar (so that, for example, if a document that is required to be delivered has been delivered on its own, the documents that are authorised to be delivered cannot be delivered on a later occasion).</p></content></level></subsection><subsection><num>(2)</num><content><p>Provision may not be made under subsection <ref href="#d28e11659">(1)(a)</ref> that would have the effect of requiring any document to be delivered earlier than it would otherwise be required to be delivered.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-78-3"><num>(3)</num><content><p><mod>In section 1072 (requirements for proper delivery), in subsection (1)(b), after the entry in the list for section 1068 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e11649">1068A</ref> (rules requiring documents to be delivered together),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-promoting-the-integrity-of-the-register"><heading>Promoting the integrity of the register</heading><section eId="section-79"><num>79</num><heading>Power to reject documents for inconsistencies</heading><content><p><mod>After section 1073 of the Companies Act 2006 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>1073A</num><heading>Power to reject documents for discrepancies</heading><subsection><num>(1)</num><intro><p>The registrar may refuse to accept (and register) a document if—</p></intro><level class="para1"><num>(a)</num><content><p>it appears to the registrar to be inconsistent with other information that is held by or available to the registrar, and</p></content></level><level class="para1"><num>(b)</num><content><p>in light of the inconsistency, the registrar has reasonable grounds to doubt whether it complies with any requirement as to its contents.</p></content></level></subsection><subsection><num>(2)</num><content><p>A document is refused by giving notice of the refusal to the person by whom the document was delivered to the registrar.</p></content></subsection><subsection><num>(3)</num><content><p>A document that is refused by the registrar is treated for the purposes of any provision authorising or requiring its delivery as not having been delivered.</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-80"><num>80</num><heading>Informal correction of document</heading><subsection eId="section-80-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-80-2"><num>(2)</num><content><p>Omit section 1075 (informal correction of document).</p></content></subsection><subsection eId="section-80-3"><num>(3)</num><content><p>In section 1081 (annotation of the register), in subsection (1), omit paragraph (b).</p></content></subsection><subsection eId="section-80-4"><num>(4)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1)(d), at the end insert <quotedText>“before the repeal of that section by the Economic Crime and Corporate Transparency Act 2023”</quotedText>.</mod></p></content></subsection></section><section eId="section-81"><num>81</num><heading>Preservation of original documents</heading><content><p><mod>In section 1083 of the Companies Act 2006 (preservation of original documents), in subsection (1), for “three years” substitute <quotedText>“two years”</quotedText>.</mod></p></content></section><section eId="section-82"><num>82</num><heading>Records relating to dissolved companies etc</heading><subsection eId="section-82-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-82-2"><num>(2)</num><intro><p>Section 1084 (records relating to companies that have been dissolved etc) is to extend also to Scotland and is amended as follows—</p></intro><level class="para1" eId="section-82-2-a"><num>(a)</num><content><p><mod>in subsection (1), after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><p>and a reference in this section to “the relevant date” is to the date on which the company was dissolved, the overseas company ceased to have that connection with the United Kingdom or the institution ceased to be within section 1050.</p></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-82-2-b"><num>(b)</num><content><p><mod>after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e11845"><num>(1A)</num><content><p>The registrar need not make any information contained in records relating to the company or institution available for public inspection at any time after the end of the period of 20 years beginning with the relevant date.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-82-2-c"><num>(c)</num><content><p><mod>for subsections (2) and (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e11860"><num>(2)</num><content><p>The registrar of companies for England and Wales may, at any time after the period of two years beginning with the relevant date, direct that any records relating to the company or institution that are held by the registrar are to be removed to the Public Record Office.</p></content></subsection><subsection eId="d28e11866"><num>(2AA)</num><content><p>The registrar of companies for Northern Ireland may, at any time after the period of two years beginning with the relevant date, direct that any records relating to the company or institution that are held by the registrar are to be removed to the Public Record Office of Northern Ireland.</p></content></subsection><subsection><num>(3)</num><content><p>Records in respect of which a direction is given under subsection <ref href="#d28e11860">(2)</ref> or <ref href="#d28e11866">(2A)</ref> are to be disposed of under the enactments relating to the Public Record Office or, as the case may be, the Public Record Office of Northern Ireland.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-82-2-d"><num>(d)</num><content><p>omit subsections (4A) and (5).</p></content></level></subsection><subsection eId="section-82-3"><num>(3)</num><content><p>Omit section 1087ZA (required particulars available for public inspection for limited period).</p></content></subsection></section><section eId="section-83"><num>83</num><heading>Power to require additional information</heading><subsection eId="section-83-1"><num>(1)</num><content><p>The Companies Act 2006 is amended in accordance with subsections <ref href="#section-83-2">(2)</ref> to <ref href="#section-83-4">(4)</ref>.</p></content></subsection><subsection eId="section-83-2"><num>(2)</num><content><p><mod>After section 1092 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Additional information</heading><section eId="d28e11932"><num>1092A</num><heading>Power to require information</heading><subsection eId="d28e11936"><num>(1)</num><intro><p>The registrar may by notice in writing require a person to provide information to the registrar for the purposes of enabling the registrar to determine—</p></intro><level class="para1"><num>(a)</num><content><p>whether a person has complied with any obligation imposed by an enactment to deliver a document to the registrar,</p></content></level><level class="para1"><num>(b)</num><content><p>whether any information contained in a document received by the registrar falls within section 1080(1)(a).</p></content></level></subsection><subsection><num>(2)</num><intro><p>A requirement under this section may specify—</p></intro><level class="para1" eId="d28e11960"><num>(a)</num><content><p>the form and manner in which the information is to be provided;</p></content></level><level class="para1"><num>(b)</num><content><p>the period within which it is to be provided.</p></content></level></subsection><subsection><num>(3)</num><content><p>The registrar may by notice in writing extend a period specified in a requirement under this section.</p></content></subsection></section><section><num>1092B</num><heading>Offence relating to provision of information</heading><subsection><num>(1)</num><content><p>A person who, without reasonable excuse, fails to comply with a requirement under section <ref href="#d28e11932">1092A</ref> commits an offence.</p></content></subsection><subsection><num>(2)</num><content><p>Where an offence under this section is committed by a firm, an offence is also committed by every officer of the firm who is in default.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1" eId="d28e12012"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2" eId="d28e12024"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum;</p></content></level><level class="para2" eId="d28e12030"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both), and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum.</p></content></level></level></subsection></section><section eId="d28e12039"><num>1092C</num><heading>Privilege against self-incrimination</heading><subsection eId="d28e12043"><num>(1)</num><content><p>A statement made by a person in response to a requirement under section <ref href="#d28e11932">1092A</ref> may not be used against the person in criminal proceedings in which the person is charged with an offence to which this subsection applies.</p></content></subsection><subsection><num>(2)</num><intro><p>Subsection <ref href="#d28e12043">(1)</ref> applies to any offence other than—</p></intro><level class="para1" eId="d28e12061"><num>(a)</num><intro><p>an offence under one of the following provisions (which concern false statements etc)—</p></intro><level class="para2"><num>(i)</num><content><p>section 1112 or 1112A;</p></content></level><level class="para2"><num>(ii)</num><content><p>section 5 of the Perjury Act 1911;</p></content></level><level class="para2"><num>(iii)</num><content><p>section 44(2) of the Criminal Law (Consolidation) (Scotland) Act 1995;</p></content></level><level class="para2"><num>(iv)</num><content><p>Article 10 of the Perjury (Northern Ireland) Order 1979 (<ref eId="c00010" href="http://www.legislation.gov.uk/id/nisi/1979/1714">S.I. 1979/1714 (N.I. 19)</ref>);</p></content></level><level class="para2"><num>(v)</num><content><p>section 32 or 32A of the Economic Crime (Transparency and Enforcement) Act 2022;</p></content></level><level class="para2"><num>(vi)</num><content><p>section 34 or 35 of the Limited Partnerships Act 1907;</p></content></level></level><level class="para1"><num>(b)</num><content><p>any offence, not within paragraph <ref href="#d28e12061">(a)</ref>, an element of which is the delivery to the registrar of a document, or the making of a statement to the registrar, that is misleading, false or deceptive.</p></content></level></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-83-3"><num>(3)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (2), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>sections <ref href="#d28e11932">1092A</ref> to <ref href="#d28e12039">1092C</ref> (powers to require further information),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-83-4"><num>(4)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), after paragraph (e) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ea)</num><content><p>any information provided to the registrar under section <ref href="#d28e11932">1092A</ref> (power to require further information);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-84"><num>84</num><heading>Registrar’s notice to resolve inconsistencies</heading><subsection eId="section-84-1"><num>(1)</num><content><p>Section 1093 of the Companies Act 2006 (registrar’s notice to resolve inconsistency on the register) is amended as follows.</p></content></subsection><subsection eId="section-84-2"><num>(2)</num><content><p><mod>For subsections (1) and (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>Where it appears to the registrar that the information contained in a document delivered to the registrar in relation to a company is inconsistent with other information contained in records kept by the registrar under section 1080, the registrar may give notice to the company to which the document relates—</p></intro><level class="para1"><num>(a)</num><content><p>stating in what respects the information contained in it appears to be inconsistent with other information in records kept by the registrar under section 1080, and</p></content></level><level class="para1"><num>(b)</num><content><p>requiring the company, within the period of 14 days beginning with the date on which the notice is issued, to take all such steps as are reasonably open to it to resolve the inconsistency by delivering replacement or additional documents or in any other way.</p></content></level></subsection><subsection><num>(2)</num><content><p>The notice must state the date on which it is issued.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-84-3"><num>(3)</num><content><p>In the heading, omit “on the register”.</p></content></subsection></section><section eId="section-85"><num>85</num><heading>Administrative removal of material from the register</heading><subsection eId="section-85-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-85-2"><num>(2)</num><content><p><mod>For section 1094 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e12230"><num>1094</num><heading>Removal of material from the register</heading><subsection eId="d28e12234"><num>(1)</num><intro><p>The registrar may remove from the register anything that appears to the registrar to be—</p></intro><level class="para1"><num>(a)</num><content><p>a document, or material derived from a document, accepted under section 1073 (power to accept documents not meeting requirements for proper delivery), or</p></content></level><level class="para1"><num>(b)</num><content><p>unnecessary material as defined by section 1074.</p></content></level></subsection><subsection eId="d28e12252"><num>(2)</num><intro><p>The power to remove material from the register under this section may be exercised—</p></intro><level class="para1"><num>(a)</num><content><p>on the registrar’s own motion, or</p></content></level><level class="para1" eId="d28e12264"><num>(b)</num><content><p>on an application made in accordance with regulations under section <ref href="#d28e12296">1094A</ref><ref href="#d28e12252">(2)</ref>.</p></content></level></subsection><subsection><num>(3)</num><content><p>The registrar may exercise the power to remove from the register anything the registration of which had legal consequences only if satisfied that the interest of the company, or (if different) the applicant, in removing the material outweighs any interest of other persons in the material continuing to appear on the register.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State may by regulations provide that the registrar’s power to remove material from the register under this section following an application is limited to material of a description specified in the regulations.</p></content></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to the negative resolution procedure.</p></content></subsection></section><section eId="d28e12296"><num>1094A</num><heading>Further provision about removal of material from the register</heading><subsection eId="d28e12300"><num>(1)</num><content><p>The Secretary of State must by regulations make provision for notice to be given in accordance with the regulations where material is removed from the register under section <ref href="#d28e12230">1094</ref> otherwise than on an application.</p></content></subsection><subsection eId="d28e12309"><num>(2)</num><content><p>The Secretary of State must by regulations make provision in connection with the making and determination of applications for the removal of material from the register under section <ref href="#d28e12230">1094</ref>.</p></content></subsection><subsection><num>(3)</num><intro><p>The provision that may be made under subsection <ref href="#d28e12309">(2)</ref> includes provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application,</p></content></level><level class="para1"><num>(b)</num><content><p>the information to be included in and documents to accompany an application,</p></content></level><level class="para1"><num>(c)</num><content><p>the notice to be given of an application and of its outcome,</p></content></level><level class="para1"><num>(d)</num><content><p>a period in which objections to an application may be made, and</p></content></level><level class="para1" eId="d28e12351"><num>(e)</num><content><p>how an application is to be determined, including provision as to evidence that may be relied upon by the registrar for the purposes of satisfying the test in section <ref href="#d28e12230">1094</ref><ref href="#d28e12234">(1)</ref>.</p></content></level></subsection><subsection><num>(4)</num><intro><p>The provision that may be made by virtue of subsection <ref href="#d28e12351">(3)(e)</ref> includes provision as to circumstances in which—</p></intro><level class="para1"><num>(a)</num><content><p>evidence is to be treated by the registrar as conclusive proof that the test in section <ref href="#d28e12230">1094</ref><ref href="#d28e12234">(1)</ref> is met, and</p></content></level><level class="para1"><num>(b)</num><content><p>the power of removal must be exercised.</p></content></level></subsection><subsection><num>(5)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to the negative resolution procedure.</p></content></subsection></section><section><num>1094B</num><heading>Power of court to make consequential orders following removal</heading><subsection><num>(1)</num><content><p>Where the registrar removes anything from the register otherwise than in pursuance of a court order, the court may, on an application by a person with sufficient interest, make such consequential orders as the court thinks fit as to the legal effects of the inclusion of the material on the register or its removal.</p></content></subsection><subsection><num>(2)</num><content><p>In this section the reference to the registrar removing material from the register includes the registrar determining that anything purported to be delivered to the registrar under any enactment was not in fact delivered under an enactment and therefore does not form part of the register.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-85-3"><num>(3)</num><content><p><mod>In section 1073 (power to accept documents not meeting requirements for proper delivery), in subsection (6)(a), for “section 1094(4)” substitute <quotedText>“regulations under section <ref href="#d28e12296">1094A</ref><ref href="#d28e12300">(1)</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-85-4"><num>(4)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), for paragraph (f) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(f)</num><content><p>any application or other document delivered to the registrar under section <ref href="#d28e12230">1094</ref> (removal of material from the register);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-85-5"><num>(5)</num><content><p>Omit section 1095 (rectification of register on application to registrar).</p></content></subsection><subsection eId="section-85-6"><num>(6)</num><content><p>Omit section 1095A (rectification of register to resolve a discrepancy).</p></content></subsection></section><section eId="section-86"><num>86</num><heading>Rectification of the register under court order</heading><subsection eId="section-86-1"><num>(1)</num><content><p>Section 1096 of the Companies Act 2006 (rectification of the register under court order) is amended as follows.</p></content></subsection><subsection eId="section-86-2"><num>(2)</num><content><p><mod>For subsection (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><content><p>The court may make an order for the removal from the register of anything the registration of which had legal consequences only if satisfied that the interest of the company, or (if different) the applicant, in removing the material outweighs any interest of other persons in the material continuing to appear on the register.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-86-3"><num>(3)</num><content><p><mod>After subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5A)</num><content><p>This section does not apply to any material delivered to the registrar under Part 15.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-86-4"><num>(4)</num><content><p>In subsection (6), omit paragraph (a) and the “or” at the end of that paragraph.</p></content></subsection></section><section eId="section-87"><num>87</num><heading>Power to require businesses to report discrepancies</heading><subsection eId="section-87-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-87-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (4), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e12555">1110D</ref> (power to require businesses to report discrepancies),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-87-3"><num>(3)</num><content><p><mod>After section 1110C (inserted by section 67 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Discrepancy reporting</heading><section eId="d28e12555"><num>1110D</num><heading>Power to require businesses to report discrepancies</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations impose requirements on a person who is carrying on business in the United Kingdom (a “relevant person”)—</p></intro><level class="para1"><num>(a)</num><intro><p>to obtain specified information about a customer (or prospective customer)—</p></intro><level class="para2"><num>(i)</num><content><p>before entering into a business relationship with them, or</p></content></level><level class="para2"><num>(ii)</num><content><p>during a business relationship with them,</p></content></level></level><level class="para1"><num>(b)</num><content><p>to identify discrepancies between information so obtained and information made publicly available by the registrar, and</p></content></level><level class="para1"><num>(c)</num><content><p>to report any discrepancies to the registrar.</p></content></level></subsection><subsection><num>(2)</num><content><p>The regulations may require the relevant person, when reporting discrepancies, to provide such other information as may be required by the regulations (including information about the relevant person).</p></content></subsection><subsection><num>(3)</num><content><p>The regulations may provide for reports or other information delivered to the registrar under the regulations to be withheld from public inspection.</p></content></subsection><subsection><num>(4)</num><content><p>The regulations may create offences in relation to failures to comply with requirements imposed by the regulations.</p></content></subsection><subsection><num>(5)</num><intro><p>The regulations may not provide for an offence created by the regulations to be punishable with imprisonment for a period exceeding—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of conviction on indictment, 2 years;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of summary conviction, 3 months.</p></content></level></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-customer">customer</term>”, in relation to a person carrying out estate agency work, includes a purchaser (as well as a seller).</p></content></subsection><subsection><num>(7)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-inspection-etc-of-the-register"><heading>Inspection etc of the register</heading><section eId="section-88"><num>88</num><heading>Inspection of the register: general</heading><content><p><mod>In section 1085 of the Companies Act 2006 (inspection of the register), for subsection (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><content><p>This section has effect subject to—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>sections 64<ref href="#d28e1636">(6A)</ref>, 67<ref href="#d28e1649">(1A)</ref>, 73<ref href="#d28e1662">(7)</ref>, 75<ref href="#d28e1675">(4A)</ref>, 76<ref href="#d28e1688">(5B)</ref>, 76A(9) and 76B(9) (which confer powers to suppress a company’s name that it has been directed or ordered to change);</p></item><item><p>section 1084<ref href="#d28e11845">(1A)</ref> (records relating to dissolved companies etc);</p></item><item><p>section 1087 (material not available for public inspection).</p></item></blockList></content></subsection></quotedStructure></mod></p></content></section><section eId="section-89"><num>89</num><heading>Copies of material on the register</heading><subsection eId="section-89-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-89-2"><num>(2)</num><intro><p>In section 1086 (right to copy of material on the register)—</p></intro><level class="para1" eId="section-89-2-a"><num>(a)</num><content><p><mod>in subsection (1), at the end insert <quotedText>“that is available for public inspection”</quotedText>;</mod></p></content></level><level class="para1" eId="section-89-2-b"><num>(b)</num><content><p>omit subsection (3).</p></content></level></subsection><subsection eId="section-89-3"><num>(3)</num><content><p>In section 1089 (form of application for inspection or copy), omit subsection (2).</p></content></subsection><subsection eId="section-89-4"><num>(4)</num><content><p><mod>For section 1090 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>1090</num><heading>Form and manner in which copies to be provided</heading><content><p>The registrar may determine the form and manner in which copies are to be provided under section 1086.</p></content></section></quotedStructure></mod></p></content></subsection><subsection eId="section-89-5"><num>(5)</num><intro><p>In section 1091 (certification of copies as accurate)—</p></intro><level class="para1" eId="section-89-5-a"><num>(a)</num><content><p><mod>for subsections (1) and (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><content><p>A copy provided under section 1086 must be certified by the registrar as a true copy if the applicant expressly requests such certification.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-89-5-b"><num>(b)</num><content><p>in subsection (5), omit “Except in the case of an enhanced disclosure document (see section 1078),”.</p></content></level></subsection></section><section eId="section-90"><num>90</num><heading>Material not available for public inspection</heading><content><p><mod>In section 1087 of the Companies Act 2006 (material not available for public inspection), in subsection (1), after paragraph (j) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ja)</num><content><p>any record of the information contained in a document (or part of a document) mentioned in any of the previous paragraphs of this subsection.</p></content></level></quotedStructure></mod></p></content></section><section eId="section-91"><num>91</num><heading>Protecting information on the register</heading><subsection eId="section-91-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-91-2"><num>(2)</num><content><p>In section 790ZF (protection of information as to usual residential address of PSCs), omit subsection (3).</p></content></subsection><subsection eId="section-91-3"><num>(3)</num><intro><p>In section 1087 (material not available for public inspection)—</p></intro><level class="para1" eId="section-91-3-a"><num>(a)</num><content><p><mod>in subsection (1) for paragraph (e) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><intro><p>the following—</p></intro><level class="para2"><num>(i)</num><content><p>any application or other document delivered to the registrar under regulations under section 1088 (regulations protecting material), other than information provided by virtue of section <ref href="#d28e12883">1088</ref><ref href="#d28e12995">(5)</ref>;</p></content></level><level class="para2"><num>(ii)</num><content><p>any information which regulations under section 1088 require not to be made available for public inspection;</p></content></level></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-91-3-b"><num>(b)</num><content><p><mod>for subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e12867"><num>(2)</num><content><p>Where subsection (1), or a provision referred to in subsection (1), imposes a restriction by reference to material deriving from a particular description of document (or part of a document), that does not affect the availability for public inspection of the same information contained in material derived from another description of document (or part of a document) in relation to which no such restriction applies.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-91-4"><num>(4)</num><content><p><mod>For section 1088 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e12883"><num>1088</num><heading>Power to make regulations protecting material</heading><subsection eId="d28e12887"><num>(1)</num><intro><p>The Secretary of State may by regulations make provision requiring the registrar, on application—</p></intro><level class="para1" eId="d28e12893"><num>(a)</num><content><p>not to make available for public inspection any information on the register relating to an individual;</p></content></level><level class="para1" eId="d28e12899"><num>(b)</num><content><p>to refrain from disclosing information on the register relating to an individual except in specified circumstances;</p></content></level><level class="para1" eId="d28e12905"><num>(c)</num><content><p>not to make available for public inspection any address on the register that is not information to which paragraph <ref href="#d28e12893">(a)</ref> applies;</p></content></level><level class="para1" eId="d28e12914"><num>(d)</num><content><p>to refrain from disclosing any such address except in specified circumstances.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The Secretary of State may by regulations make provision requiring the registrar—</p></intro><level class="para1"><num>(a)</num><content><p>not to make available for public inspection any information on the register relating to an individual;</p></content></level><level class="para1" eId="d28e12932"><num>(b)</num><content><p>to refrain from disclosing information on the register relating to an individual except in specified circumstances.</p></content></level></subsection><subsection><num>(3)</num><intro><p>Regulations under subsection <ref href="#d28e12887">(1)</ref> may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application;</p></content></level><level class="para1"><num>(b)</num><content><p>the grounds on which an application may be made;</p></content></level><level class="para1"><num>(c)</num><content><p>the information to be included in and documents to accompany an application;</p></content></level><level class="para1"><num>(d)</num><content><p>the notice to be given of an application and of its outcome;</p></content></level><level class="para1" eId="d28e12971"><num>(e)</num><content><p>how an application is to be determined;</p></content></level><level class="para1" eId="d28e12977"><num>(f)</num><content><p>the duration of, and procedures for revoking, any restrictions on the making of information available for public inspection or its disclosure.</p></content></level></subsection><subsection><num>(4)</num><content><p>Provision under subsection <ref href="#d28e12971">(3)(e)</ref> or <ref href="#d28e12977">(f)</ref> may in particular provide for a question to be referred to a person other than the registrar for the purposes of determining the application or revoking the restrictions.</p></content></subsection><subsection eId="d28e12995"><num>(5)</num><content><p>Regulations under subsection <ref href="#d28e12893">(1)(a)</ref> or <ref href="#d28e12905">(c)</ref> may provide that information is not to be made unavailable for public inspection unless the person to whom it relates provides such alternative information as may be specified.</p></content></subsection><subsection><num>(6)</num><content><p>The circumstances that may be specified under subsection <ref href="#d28e12899">(1)(b)</ref> or <ref href="#d28e12914">(d)</ref> or <ref href="#d28e12932">(2)(b)</ref> by way of an exception to a restriction on disclosure include circumstances where the court has made an order, in accordance with the regulations, authorising disclosure.</p></content></subsection><subsection><num>(7)</num><intro><p>Regulations under subsection <ref href="#d28e12899">(1)(b)</ref> or <ref href="#d28e12932">(2)(b)</ref> may not require the registrar to refrain from disclosing information under—</p></intro><level class="para1" eId="d28e13034"><num>(a)</num><content><p>sections 243 or 244 (or those sections as applied by section 790ZF) (residential address information);</p></content></level><level class="para1" eId="d28e13040"><num>(b)</num><content><p>section <ref href="#d28e7287">1087C</ref><ref href="#d28e7291">(1)</ref> (disclosure of date of birth information);</p></content></level><level class="para1"><num>(c)</num><content><p>any provision of regulations under section 1046 corresponding to provision mentioned in paragraph <ref href="#d28e13034">(a)</ref> or <ref href="#d28e13040">(b)</ref>;</p></content></level><level class="para1"><num>(d)</num><content><p>section <ref href="#d28e13362">1110F</ref> (general powers of disclosure by the registrar).</p></content></level></subsection><subsection><num>(8)</num><content><p>Regulations under subsection <ref href="#d28e12914">(1)(d)</ref> may not require the registrar to refrain from disclosing information under section <ref href="#d28e13362">1110F</ref> (general powers of disclosure by the registrar).</p></content></subsection><subsection><num>(9)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(10)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-registrars-functions-and-fees"><heading>Registrar's functions and fees</heading><section eId="section-92"><num>92</num><heading>Analysis of information for the purposes of crime prevention or detection</heading><content><p><mod>After section 1062 of the Companies Act 2006 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>1062A</num><heading>Analysis of information for the purposes of crime prevention or detection</heading><subsection><num>(1)</num><content><p>The registrar must carry out such analysis of information within the registrar’s possession as the registrar considers appropriate for the purposes of preventing or detecting crime.</p></content></subsection><subsection><num>(2)</num><content><p>See also section <ref href="#d28e13362">1110F</ref> (which, among other things, allows the registrar to disclose information to other public authorities).</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-93"><num>93</num><heading>Fees: costs that may be taken into account</heading><subsection eId="section-93-1"><num>(1)</num><content><p>Section 1063 of the Companies Act 2006 (fees) is amended as follows.</p></content></subsection><subsection eId="section-93-2"><num>(2)</num><content><p><mod>After subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><intro><p>In deciding what provision to make under subsection (3)(a), the Secretary of State may take into account any costs incurred or likely to be incurred by any person for the purposes of the carrying out of—</p></intro><level class="para1" eId="d28e13161"><num>(a)</num><content><p>any function of the Secretary of State under or in connection with—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>the Limited Partnerships Act 1907;</p></item><item><p>Part 14 of the Companies Act 1985;</p></item><item><p>the Company Directors Disqualification Act 1986;</p></item><item><p>the Limited Liability Partnerships Act 2000;</p></item><item><p>Part 1 of the Economic Crime (Transparency and Enforcement) Act 2022;</p></item><item><p>this Act;</p></item></blockList></content></level><level class="para1"><num>(b)</num><content><p>any function of a Northern Ireland department under or in connection with the Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00011" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4)</ref>);</p></content></level><level class="para1"><num>(c)</num><content><p>any function of the Secretary of State under or in connection with regulations under section 1 of the Sanctions and Anti-Money Laundering Act 2018 that make provision in connection with licences of the kind mentioned in section 15(3A) of that Act;</p></content></level><level class="para1" eId="d28e13207"><num>(d)</num><content><p>any function of the Secretary of State under or in connection with the Insolvency Act 1986, so far as relating to bodies corporate or other firms;</p></content></level><level class="para1"><num>(e)</num><content><p>any function of a Northern Ireland department under or in connection with the Insolvency (Northern Ireland) Order 1989 (<ref eId="c00012" href="http://www.legislation.gov.uk/id/nisi/1989/2405">S.I. 1989/2405 (N.I. 19)</ref>), so far as relating to bodies corporate or other firms;</p></content></level><level class="para1" eId="d28e13222"><num>(f)</num><content><p>any function carried out by the Insolvency Service on behalf of the Secretary of State in connection with the detection, investigation or prosecution of offences, or the recovery of the proceeds of crime, so far as relating to bodies corporate or other firms;</p></content></level><level class="para1" eId="d28e13228"><num>(g)</num><content><p>any function carried out by the Insolvency Service in Northern Ireland on behalf of a Northern Ireland department in connection with the detection, investigation or prosecution of offences, or the recovery of the proceeds of crime, so far as relating to bodies corporate or other firms.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-93-3"><num>(3)</num><content><p><mod>In subsection (4), for “this section” substitute <quotedText>“subsection (1)”</quotedText>.</mod></p></content></subsection><subsection eId="section-93-4"><num>(4)</num><content><p><mod>After subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e13250"><num>(6A)</num><intro><p>The Secretary of State may by regulations amend—</p></intro><level class="para1"><num>(a)</num><content><p>the reference in subsection <ref href="#d28e13222">(3A)(f)</ref> to functions carried out by the Insolvency Service on behalf of the Secretary of State, so long as the functions referred to are functions of the Secretary of State that are of a similar nature;</p></content></level><level class="para1"><num>(b)</num><content><p>the reference in subsection <ref href="#d28e13228">(3A)(g)</ref> to functions carried out by the Insolvency Service in Northern Ireland on behalf of a Northern Ireland department, so long as the functions referred to are functions of a Northern Ireland department that are of a similar nature.</p></content></level></subsection><subsection><num>(6B)</num><content><p>Regulations under subsection <ref href="#d28e13250">(6A)</ref> are subject to affirmative resolution procedure.</p></content></subsection></quotedStructure></mod></p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-information-sharing-and-use"><heading>Information sharing and use</heading><section eId="section-94"><num>94</num><heading>Disclosure of information</heading><subsection eId="section-94-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-94-2"><num>(2)</num><content><p><mod>In section 243 (permitted disclosure by registrar), for subsection (6) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6)</num><content><p>Regulations under subsection (4) may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(6A)</num><content><p>Provision under subsection (5)(d) may in particular provide for a question to be referred to a person other than the registrar for the purposes of determining the application.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-94-3"><num>(3)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (2), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>sections <ref href="#d28e13353">1110E</ref> to <ref href="#d28e13411">1110G</ref> (disclosure of information),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-94-4"><num>(4)</num><content><p><mod>After section 1110D (inserted by section 87 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Disclosure of information</heading><section eId="d28e13353"><num>1110E</num><heading>Disclosure to the registrar</heading><content><p>Any person may disclose information to the registrar for the purposes of the exercise of any of the registrar’s functions.</p></content></section><section eId="d28e13362"><num>1110F</num><heading>Disclosure by the registrar</heading><subsection><num>(1)</num><intro><p>The registrar may disclose information—</p></intro><level class="para1"><num>(a)</num><content><p>to any person for purposes connected with the exercise of any of the registrar’s functions;</p></content></level><level class="para1"><num>(b)</num><content><p>to a public authority for purposes connected with the exercise of any of that public authority’s functions;</p></content></level><level class="para1" eId="d28e13384"><num>(c)</num><content><p>to a person of a description, and for a purpose, specified in regulations made by the Secretary of State for the purposes of this paragraph.</p></content></level></subsection><subsection><num>(2)</num><content><p>Regulations under subsection <ref href="#d28e13384">(1)(c)</ref> are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(3)</num><content><p>In this section “<term refersTo="#term-public-authority">public authority</term>” includes any person or body having functions of a public nature.</p></content></subsection></section><section eId="d28e13411"><num>1110G</num><heading>Disclosure: supplementary</heading><subsection><num>(1)</num><intro><p>Except as provided by subsection <ref href="#d28e13442">(2)</ref>, the disclosure of information under section <ref href="#d28e13353">1110E</ref> or <ref href="#d28e13362">1110F</ref> does not breach—</p></intro><level class="para1"><num>(a)</num><content><p>any obligation of confidence owed by the person making the disclosure, or</p></content></level><level class="para1"><num>(b)</num><content><p>any other restriction on the disclosure of information (however imposed).</p></content></level></subsection><subsection eId="d28e13442"><num>(2)</num><content><p>Sections <ref href="#d28e13353">1110E</ref> and <ref href="#d28e13362">1110F</ref> do not authorise a disclosure of information if the disclosure would contravene the data protection legislation (but in determining whether a disclosure would do so, take into account the powers conferred by those sections).</p></content></subsection><subsection eId="d28e13454"><num>(3)</num><content><p>HMRC information may not be disclosed by the registrar under section <ref href="#d28e13362">1110F</ref> without authorisation from HMRC.</p></content></subsection><subsection eId="d28e13463"><num>(4)</num><content><p>If the registrar discloses HMRC information under section <ref href="#d28e13362">1110F</ref>, the information must not be disclosed by the recipient, or by any person obtaining the information directly or indirectly from them, without authorisation from HMRC.</p></content></subsection><subsection eId="d28e13472"><num>(5)</num><intro><p>It is an offence for a person to disclose, in contravention of subsection <ref href="#d28e13454">(3)</ref> or <ref href="#d28e13463">(4)</ref>, any revenue and customs information relating to a person whose identity—</p></intro><level class="para1"><num>(a)</num><content><p>is specified in the disclosure, or</p></content></level><level class="para1"><num>(b)</num><content><p>can be deduced from it.</p></content></level></subsection><subsection><num>(6)</num><intro><p>It is a defence for a person charged with an offence under subsection <ref href="#d28e13472">(5)</ref> to prove that the person reasonably believed—</p></intro><level class="para1"><num>(a)</num><content><p>that the disclosure was lawful, or</p></content></level><level class="para1"><num>(b)</num><content><p>that the information had already lawfully been made available to the public.</p></content></level></subsection><subsection><num>(7)</num><content><p>Subsections (4) to (7) of section 19 of the Commissioners for Revenue and Customs Act 2005 apply to an offence under subsection <ref href="#d28e13472">(5)</ref> as they apply to an offence under that section.</p></content></subsection><subsection><num>(8)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-data-protection-legislation">the data protection legislation</term>” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-hmrc">HMRC</term>” means the Commissioners for His Majesty’s Revenue and Customs;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-hmrc-information">HMRC information</term>” means information disclosed to the registrar under section <ref href="#d28e13353">1110E</ref> by HMRC or a person acting on behalf of HMRC;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-revenue-and-customs-information-relating-to-a-person">revenue and customs information relating to a person</term>” has the meaning given by section 19(2) of the Commissioners for Revenue and Customs Act 2005.</p></content></hcontainer></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-94-5"><num>(5)</num><content><p><mod>In section 1114 (application of provisions about documents and delivery), in subsection (1)(b), at the end insert <quotedText>“(but do not include the provision of any information by virtue of section <ref href="#d28e13353">1110E</ref> or any other enactment authorising the disclosure of information to the registrar)”</quotedText>.</mod></p></content></subsection><subsection eId="section-94-6"><num>(6)</num><content><p>Schedule 3 contains consequential amendments.</p></content></subsection></section><section eId="section-95"><num>95</num><heading>Use or disclosure of directors’ address information by companies</heading><content><p><mod>In section 241 of the Companies Act 2006 (protected information: restriction on use or disclosure by company), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><intro><p>If a company uses or discloses information in contravention of subsection (1), an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></quotedStructure></mod></p></content></section><section eId="section-96"><num>96</num><heading>Use or disclosure of PSC information by companies</heading><subsection eId="section-96-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-96-2"><num>(2)</num><content><p><mod>For section 790ZG substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e13655"><num>790ZG</num><heading>Power to make regulations protecting material</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>require a company to refrain from using, or refrain from disclosing, relevant PSC particulars except in circumstances specified in the regulations;</p></content></level><level class="para1" eId="d28e13671"><num>(b)</num><content><p>confer power on the registrar, on application, to make an order requiring a company to refrain from using, or refrain from disclosing, relevant PSC particulars except in circumstances specified in the regulations.</p></content></level></subsection><subsection eId="d28e13677"><num>(2)</num><content><p>“<term refersTo="#term-relevant-psc-particulars">Relevant PSC particulars</term>” means such particulars of a person with significant control over the company as may be prescribed.</p></content></subsection><subsection><num>(3)</num><intro><p>The reference in subsection <ref href="#d28e13677">(2)</ref> to a person with significant control over the company—</p></intro><level class="para1"><num>(a)</num><content><p>includes a person who used to be such a person, but</p></content></level><level class="para1"><num>(b)</num><content><p>does not include any person in relation to which this Part has effect by virtue of section 790C(12) as if the person were an individual.</p></content></level></subsection><subsection eId="d28e13707"><num>(4)</num><intro><p>Regulations under subsection <ref href="#d28e13671">(1)(b)</ref> may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application;</p></content></level><level class="para1"><num>(b)</num><content><p>the grounds on which an application may be made;</p></content></level><level class="para1"><num>(c)</num><content><p>the information to be included in and documents to accompany an application;</p></content></level><level class="para1" eId="d28e13734"><num>(d)</num><content><p>how an application is to be determined;</p></content></level><level class="para1"><num>(e)</num><content><p>the notice to be given of an application and its outcome;</p></content></level><level class="para1" eId="d28e13746"><num>(f)</num><content><p>the duration of and procedures for revoking the restrictions on use and disclosure.</p></content></level></subsection><subsection><num>(5)</num><intro><p>Provision under subsection <ref href="#d28e13707">(4)</ref> may in particular—</p></intro><level class="para1"><num>(a)</num><content><p>confer a discretion on the registrar;</p></content></level><level class="para1"><num>(b)</num><content><p>provide for a question to be referred to a person other than the registrar for the purposes of determining the application or revoking the restrictions.</p></content></level></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(7)</num><content><p>Nothing in this section or in regulations made under it affects the use or disclosure of particulars of a person in any other capacity (for example, the use or disclosure of particulars of a person in that person‘s capacity as a member or director of the company).</p></content></subsection></section><section><num>790ZH</num><heading>Offence of failing to comply with regulations under section <ref href="#d28e13655">790ZG</ref></heading><subsection><num>(1)</num><intro><p>If a company contravenes a restriction on the use or disclosure of information imposed by virtue of regulations under subsection <ref href="#d28e13655">790ZG</ref>, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(2)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-96-3"><num>(3)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), for paragraph (bc) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bc)</num><content><p>any application or other document delivered to the registrar under regulations under section <ref href="#d28e13655">790ZG</ref> (protection of PSC information);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-97"><num>97</num><heading>Use of directors’ address information by registrar</heading><subsection eId="section-97-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-97-2"><num>(2)</num><intro><p>In section 242 (protected information: restriction on use or disclosure by registrar)—</p></intro><level class="para1" eId="section-97-2-a"><num>(a)</num><content><p>in subsection (3), omit “use or” in each place it occurs;</p></content></level><level class="para1" eId="section-97-2-b"><num>(b)</num><content><p>in the heading, omit “use or”.</p></content></level></subsection><subsection eId="section-97-3"><num>(3)</num><intro><p>In section 243 (permitted use or disclosure by registrar)—</p></intro><level class="para1" eId="section-97-3-a"><num>(a)</num><content><p>omit subsection (1);</p></content></level><level class="para1" eId="section-97-3-b"><num>(b)</num><content><p>in the heading, omit “use or”.</p></content></level></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-overseas-companies"><heading>Overseas companies</heading><section eId="section-98"><num>98</num><heading>Change of addresses of officers of overseas companies by registrar</heading><content><p><mod>In section 1046 of the Companies Act 2006 (overseas companies: registration of particulars), after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e13917"><num>(6A)</num><intro><p>Where regulations under this section require an overseas company to deliver to the registrar for registration—</p></intro><level class="para1"><num>(a)</num><content><p>a service address for an officer of the company, or</p></content></level><level class="para1"><num>(b)</num><content><p>the address of the principal office of an officer of the company,</p></content></level><wrapUp><p>the regulations may make provision corresponding or similar to any provision made by section 1097B or 1097C (rectification of register relating to service addresses or principal office addresses) or to provision that may be made by regulations made under that section.</p></wrapUp></subsection></quotedStructure></mod></p></content></section><section eId="section-99"><num>99</num><heading>Overseas companies: availability of material for public inspection etc</heading><content><p><mod>In section 1046 of the Companies Act 2006 (overseas companies: registration of particulars), after subsection <ref href="#d28e13917">(6A)</ref> (inserted by section 98 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6B)</num><content><p>Regulations under this section may include provision for information delivered to the registrar under the regulations to be withheld from public inspection.</p></content></subsection><subsection><num>(6C)</num><content><p>The provision that may be made by regulations under this section includes provision conferring a discretion on the registrar.</p></content></subsection></quotedStructure></mod></p></content></section><section eId="section-100"><num>100</num><heading>Registered addresses of an overseas company</heading><subsection eId="section-100-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-100-2"><num>(2)</num><content><p><mod>After section 1048 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e13987"><num>1048A</num><heading>Registered addresses of an overseas company</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations make provision requiring an overseas company that is required to register particulars under section 1046 to deliver to the registrar for registration—</p></intro><level class="para1" eId="d28e13997"><num>(a)</num><content><p>a statement specifying an address in the United Kingdom that is an appropriate address for the company;</p></content></level><level class="para1" eId="d28e14003"><num>(b)</num><content><p>a statement specifying an appropriate email address for the company.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The regulations may include provision—</p></intro><level class="para1"><num>(a)</num><content><p>allowing an overseas company to change the address or email address for the time being registered for it under the regulations;</p></content></level><level class="para1"><num>(b)</num><content><p>requiring an overseas company to ensure that the address or email address for the time being registered for it under the regulations is an appropriate address or appropriate email address.</p></content></level></subsection><subsection><num>(3)</num><intro><p>The regulations may include—</p></intro><level class="para1"><num>(a)</num><content><p>provision for information contained in a statement specifying an appropriate email address to be withheld from public inspection;</p></content></level><level class="para1"><num>(b)</num><content><p>provision corresponding or similar to any provision made by section 1097A (rectification of register relating to a company’s registered office) or to provision that may be made by regulations made under that section.</p></content></level></subsection><subsection><num>(4)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-address">appropriate address</term>” has the meaning given by section 86(2);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-email-address">appropriate email address</term>” has the meaning given by section 88A(2).</p></content></hcontainer></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to negative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-100-3"><num>(3)</num><content><p><mod>In section 1139 (service of documents on company), for subsections (2) and (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><intro><p>A document may be served on an overseas company whose particulars are registered under section 1046—</p></intro><level class="para1"><num>(a)</num><content><p>by leaving it at, or sending it by post to, the company’s registered address, or</p></content></level><level class="para1"><num>(b)</num><content><p>by leaving it at, or sending it by post to, the registered address of any person resident in the United Kingdom who is authorised to accept service of documents on the company’s behalf.</p></content></level></subsection><subsection><num>(3)</num><intro><p>In subsection (2) “registered address”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to the overseas company, means the address for the time being registered for the company under regulations under section <ref href="#d28e13987">1048A</ref><ref href="#d28e13997">(1)(a)</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to a person other than the overseas company, means any address for the time being shown as a current address in relation to that person in the part of the register available for public inspection.</p></content></level></subsection></quotedStructure></mod></p></content></subsection></section><section eId="section-101"><num>101</num><heading>Overseas companies: identity verification of directors</heading><content><p><mod>After section <ref href="#d28e13987">1048A</ref> of the Companies Act 2006 (inserted by section 100 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>1048B</num><heading>Identity verification of directors</heading><subsection eId="d28e14141"><num>(1)</num><content><p>This section applies in relation to an overseas company that is required to register particulars under section 1046.</p></content></subsection><subsection><num>(2)</num><content><p>The Secretary of State may by regulations make provision for the purpose of ensuring that each individual who is a director of such a company is an individual whose identity is verified (see section 1110A).</p></content></subsection><subsection><num>(3)</num><intro><p>The regulations may include provision—</p></intro><level class="para1"><num>(a)</num><content><p>requiring the delivery of statements or other information to the registrar;</p></content></level><level class="para1"><num>(b)</num><content><p>for statements or other information delivered to the registrar under the regulations to be withheld from public inspection;</p></content></level><level class="para1"><num>(c)</num><content><p>applying section 167M (prohibition on director acting unless ID verified), with or without modifications;</p></content></level><level class="para1"><num>(d)</num><content><p>applying section 1110C (exemption from identity verification: national security grounds), with or without modifications.</p></content></level></subsection><subsection><num>(4)</num><content><p>Regulations under this section are subject to negative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-general-offences-and-enforcement"><heading>General offences and enforcement</heading><section eId="section-102"><num>102</num><heading>General false statement offences</heading><subsection eId="section-102-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-102-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (3), for the entry relating to sections 1112 and 1113 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>sections <ref href="#d28e14235">1112</ref>, <ref href="#d28e14290">1112A</ref> and 1113 (enforcement).</p></item></blockList></quotedStructure></mod></p></content></subsection><subsection eId="section-102-3"><num>(3)</num><content><p><mod>For section 1112 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e14235"><num>1112</num><heading>False statements: basic offence</heading><subsection><num>(1)</num><intro><p>It is an offence for a person, without reasonable excuse, to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for any purpose of the Companies Acts, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for any purpose of the Companies Acts, a statement that is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a firm, every officer of the firm who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</p></content></level></subsection></section><section eId="d28e14290"><num>1112A</num><heading>False statements: aggravated offence</heading><subsection><num>(1)</num><intro><p>It is an offence for a person knowingly to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for any purpose of the Companies Acts, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for any purpose of the Companies Acts, a statement that is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a firm, every officer of the firm who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both).</p></content></level></level></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-102-4"><num>(4)</num><intro><p>In section 1126 (consents required for certain prosecutions)—</p></intro><level class="para1" eId="section-102-4-a"><num>(a)</num><content><p><mod>in subsection (1), for the entry relating to section 1112 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e14235">1112</ref> or <ref href="#d28e14290">1112A</ref> of this Act (false statement offences);</p></item></blockList></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-102-4-b"><num>(b)</num><content><p><mod>in subsections (2)(a)(iv) and (3)(a)(iv), after “1112” insert <quotedText>“or <ref href="#d28e14290">1112A</ref>”</quotedText>.</mod></p></content></level></subsection></section><section eId="section-103"><num>103</num><heading>False statement offences: national security etc defence</heading><subsection eId="section-103-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-103-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (2), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e14435">1112B</ref> (false statement offences: national security etc defence).</p></item></blockList></quotedStructure></mod></p></content></subsection><subsection eId="section-103-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e14290">1112A</ref> (inserted by section 102 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e14435"><num>1112B</num><heading>False statements offences: national security etc defence</heading><subsection><num>(1)</num><content><p>A person to whom a certificate is issued by the Secretary of State for the purposes of this section is not liable for the commission of any offence relating to the delivery to the registrar, or the making of a statement, that is misleading, false or deceptive.</p></content></subsection><subsection><num>(2)</num><intro><p>The Secretary of State may issue a certificate to a person for the purposes of this section only if satisfied that it is necessary for the person to engage in conduct amounting to such an offence—</p></intro><level class="para1"><num>(a)</num><content><p>in the interests of national security, or</p></content></level><level class="para1" eId="d28e14457"><num>(b)</num><content><p>for the purposes of preventing or detecting serious crime.</p></content></level></subsection><subsection><num>(3)</num><content><p>A certificate under this section may be revoked by the Secretary of State at any time.</p></content></subsection><subsection><num>(4)</num><intro><p>For the purposes of subsection <ref href="#d28e14457">(2)(b)</ref>—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-crime">crime</term>” means conduct which—</p></intro><level class="para2"><num>(i)</num><content><p>constitutes a criminal offence, or</p></content></level><level class="para2"><num>(ii)</num><content><p>is, or corresponds to, any conduct which, if it all took place in any one part of the United Kingdom, would constitute a criminal offence, and</p></content></level></level><level class="para1"><num>(b)</num><intro><p>crime is “serious” if—</p></intro><level class="para2"><num>(i)</num><content><p>the offence which is or would be constituted by the conduct is an offence for which the maximum sentence (in any part of the United Kingdom) is imprisonment for 3 years or more, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the conduct involves the use of violence, results in substantial financial gain or is conduct by a large number of persons in pursuit of a common purpose.</p></content></level></level></subsection></section></quotedStructure></mod></p></content></subsection></section><section eId="section-104"><num>104</num><heading>Financial penalties</heading><subsection eId="section-104-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-104-2"><num>(2)</num><content><p><mod>In the heading to Part 36 (Offences under the Companies Acts), at the end insert <quotedText>“and financial penalties”</quotedText>.</mod></p></content></subsection><subsection eId="section-104-3"><num>(3)</num><content><p><mod>After section 1132 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Financial penalties</heading><section><num>1132A</num><heading>Power to make provision for financial penalties</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision conferring power on the registrar to impose a financial penalty on a person if satisfied, beyond reasonable doubt, that the person has engaged in conduct amounting to a relevant offence under this Act.</p></content></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-relevant-offence-under-this-act">Relevant offence under this Act</term>” means any offence under this Act other than an offence under a provision contained in—</p></intro><level class="para1"><num>(a)</num><content><p>Part 12 (company secretaries);</p></content></level><level class="para1"><num>(b)</num><content><p>Part 13 (resolutions and meetings);</p></content></level><level class="para1"><num>(c)</num><content><p>Part 16 (audit).</p></content></level></subsection><subsection><num>(3)</num><intro><p>The regulations may include provision—</p></intro><level class="para1"><num>(a)</num><content><p>about the procedure to be followed in imposing penalties;</p></content></level><level class="para1" eId="d28e14603"><num>(b)</num><content><p>about the amount of penalties;</p></content></level><level class="para1"><num>(c)</num><content><p>for the imposition of interest or additional penalties for late payment;</p></content></level><level class="para1"><num>(d)</num><content><p>conferring rights of appeal against penalties;</p></content></level><level class="para1"><num>(e)</num><content><p>about the enforcement of penalties.</p></content></level></subsection><subsection><num>(4)</num><content><p>Provision made under subsection <ref href="#d28e14603">(3)(b)</ref> must ensure that the maximum financial penalty that may be imposed does not exceed £10,000.</p></content></subsection><subsection><num>(5)</num><intro><p>The regulations must provide that—</p></intro><level class="para1"><num>(a)</num><intro><p>no financial penalty may be imposed under the regulations on a person in respect of conduct amounting to an offence if—</p></intro><level class="para2"><num>(i)</num><content><p>proceedings have been brought against the person for that offence in respect of that conduct and the proceedings are ongoing, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the person has been convicted of that offence in respect of that conduct, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>no proceedings may be brought against a person in respect of conduct amounting to an offence if the person has been given a financial penalty under the regulations in respect of that conduct.</p></content></level></subsection><subsection><num>(6)</num><content><p>Amounts recovered by the registrar under the regulations are to be paid into the Consolidated Fund.</p></content></subsection><subsection><num>(7)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(8)</num><content><p>In this section “<term refersTo="#term-conduct">conduct</term>” means an act or omission.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-rectification-of-addresses-and-service-of-documents"><heading>Rectification of addresses and service of documents</heading><section eId="section-105"><num>105</num><heading>Registered office: rectification of register</heading><subsection eId="section-105-1"><num>(1)</num><content><p>Section 1097A of the Companies Act 2006 (rectification of register relating to a company’s registered office) is amended as follows.</p></content></subsection><subsection eId="section-105-2"><num>(2)</num><content><p><mod>For subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to change the address of a company’s registered office if satisfied that it is not an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>.</p></content></subsection><subsection><num>(1A)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-105-3"><num>(3)</num><content><p>Omit subsection (2).</p></content></subsection><subsection eId="section-105-4"><num>(4)</num><intro><p>In subsection (3)—</p></intro><level class="para1" eId="section-105-4-a"><num>(a)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>the registrar requiring the company or an applicant to provide information for the purposes of determining anything under the regulations,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-105-4-b"><num>(b)</num><content><p><mod>in paragraph (c), for “and of its outcome” substitute <quotedText>“or that the registrar is considering the exercise of powers under the regulations”</quotedText>;</mod></p></content></level><level class="para1" eId="section-105-4-c"><num>(c)</num><content><p><mod>after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ca)</num><content><p>the notice to be given of any decision under the regulations,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-105-4-d"><num>(d)</num><content><p><mod>for paragraph (e) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>how the registrar is to determine whether a company’s registered office is at an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>, including in particular the evidence, or descriptions of evidence, which the registrar may without further enquiry rely on to be satisfied that an address is an appropriate address,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-105-4-e"><num>(e)</num><content><p><mod>for paragraph (f) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(f)</num><content><p>the referral by the registrar of any question for determination by the court,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-105-4-f"><num>(f)</num><content><p><mod>in paragraph (h), at the end insert <quotedText>“(which need not be an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-105-4-g"><num>(g)</num><content><p><mod>after paragraph (h) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e14836"><num>(ha)</num><content><p>the period for which a company is permitted to have the default address as its registered office,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-105-4-h"><num>(h)</num><content><p><mod>for paragraph (i) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(i)</num><content><p>when the change of address takes effect and the consequences of registration of the change (including provision similar or corresponding to section 87(2)).</p></content></level></quotedStructure></mod></p></content></level></subsection><subsection eId="section-105-5"><num>(5)</num><content><p>Omit subsection (4).</p></content></subsection><subsection eId="section-105-6"><num>(6)</num><content><p><mod>Before subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e14870"><num>(4A)</num><intro><p>Provision made by virtue of subsection (3)<ref href="#d28e14836">(ha)</ref> may in particular include—</p></intro><level class="para1"><num>(a)</num><content><p>provision creating summary offences punishable with a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale;</p></content></level><level class="para1" eId="d28e14885"><num>(b)</num><intro><p>provision—</p></intro><level class="para2"><num>(i)</num><content><p>for the registrar to strike a company’s name off the register if the company does not change the address of its registered office from the default address, and</p></content></level><level class="para2"><num>(ii)</num><content><p>for the restoration of a company to the register, in such circumstances as may be prescribed, on an application made to the registrar or in pursuance of a court order.</p></content></level></level></subsection><subsection eId="d28e14903"><num>(4B)</num><content><p>The provision that may be made by virtue of subsection <ref href="#d28e14870">(4A)</ref> includes provision applying or writing out, in either case with or without modifications, any provision made by section 1000 or Chapter 3 of Part 31.</p></content></subsection><subsection><num>(4C)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-105-7"><num>(7)</num><content><p><mod>For subsection (6) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e14925"><num>(6)</num><content><p>The regulations must confer a right on a company to appeal to the court against any decision to change the address of its registered office under the regulations.</p></content></subsection><subsection eId="d28e14931"><num>(6A)</num><content><p>If the regulations enable a person to apply for a company’s registered office to be changed, they must also confer a right on the applicant to appeal to the court against a refusal of the application.</p></content></subsection></quotedStructure></mod></p></content></subsection></section><section eId="section-106"><num>106</num><heading>Rectification of register: service addresses</heading><subsection eId="section-106-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-106-2"><num>(2)</num><content><p><mod>After section 1097A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e14962"><num>1097B</num><heading>Rectification of register: service addresses</heading><subsection eId="d28e14966"><num>(1)</num><content><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to change a registered service address of a relevant person if satisfied that the address does not meet the requirements of section 1141(1) and (2).</p></content></subsection><subsection><num>(2)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-service-address">registered service address</term>”, in relation to a relevant person, means the address for the time being shown in the register as the person’s current service address;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-relevant-person">relevant person</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a director of a company that is not an overseas company,</p></content></level><level class="para1"><num>(b)</num><content><p>a secretary or one of the joint secretaries of a company that is not an overseas company, or</p></content></level><level class="para1"><num>(c)</num><content><p>a registrable person or registrable relevant legal entity in relation to a company (within the meanings given by section 790C).</p></content></level></hcontainer></subsection><subsection><num>(3)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection><subsection><num>(4)</num><content><p>The regulations must provide for the change in the address to be effected by the registrar proceeding as if the company had given notice under section 167H, 279H or 790LD of the change.</p></content></subsection><subsection><num>(5)</num><intro><p>The regulations may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application,</p></content></level><level class="para1"><num>(b)</num><content><p>the information to be included in and documents to accompany an application,</p></content></level><level class="para1"><num>(c)</num><content><p>the registrar requiring the company or an applicant to provide information for the purposes of determining anything under the regulations,</p></content></level><level class="para1"><num>(d)</num><content><p>the notice to be given of an application or that the registrar is considering the exercise of powers under the regulations,</p></content></level><level class="para1"><num>(e)</num><content><p>the notice to be given of any decision under the regulations,</p></content></level><level class="para1"><num>(f)</num><content><p>the period in which objections to an application may be made,</p></content></level><level class="para1"><num>(g)</num><content><p>how the registrar is to determine whether a registered service address meets the requirements of section 1141(1) and (2), including in particular the evidence, or descriptions of evidence, which the registrar may without further enquiry rely on to be satisfied that the address meets those requirements,</p></content></level><level class="para1"><num>(h)</num><content><p>the referral by the registrar of any question for determination by the court,</p></content></level><level class="para1" eId="d28e15072"><num>(i)</num><content><p>the registrar requiring the company to provide an address to be registered as the relevant person’s service address,</p></content></level><level class="para1"><num>(j)</num><content><p>the nomination by the registrar of an address (a “default address”) to be registered as the relevant person’s service address (which need not meet the requirements of section 1141(1) and (2)),</p></content></level><level class="para1" eId="d28e15085"><num>(k)</num><content><p>the period for which the default address is permitted to be the relevant person’s registered service address, and</p></content></level><level class="para1"><num>(l)</num><content><p>when the change of address takes effect and the consequences of registration of the change (including provision similar or corresponding to section 1140(5)).</p></content></level></subsection><subsection eId="d28e15097"><num>(6)</num><content><p>The provision made by virtue of subsection <ref href="#d28e15085">(5)(k)</ref> may in particular include provision creating summary offences punishable with a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection><subsection eId="d28e15106"><num>(7)</num><content><p>The regulations must confer a right on the company to appeal to the court against any decision to change the relevant person’s registered service address under the regulations.</p></content></subsection><subsection eId="d28e15112"><num>(8)</num><content><p>If the regulations enable a person to apply for a registered service address to be changed, they must also confer a right on the applicant to appeal to the court against a refusal of the application.</p></content></subsection><subsection eId="d28e15118"><num>(9)</num><content><p>On an appeal, the court must direct the registrar to register such address as the relevant person’s registered service address as the court considers appropriate in all the circumstances of the case.</p></content></subsection><subsection><num>(10)</num><intro><p>The regulations may make further provision about an appeal and in particular—</p></intro><level class="para1"><num>(a)</num><content><p>provision about the time within which an appeal must be brought and the grounds on which an appeal may be brought;</p></content></level><level class="para1"><num>(b)</num><content><p>further provision about directions by virtue of subsection <ref href="#d28e15118">(9)</ref>.</p></content></level></subsection><subsection><num>(11)</num><content><p>The regulations may include such provision applying (including applying with modifications), amending or repealing an enactment contained in this Act as the Secretary of State considers necessary or expedient in consequence of any provision made by the regulations.</p></content></subsection><subsection><num>(12)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(13)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-106-3"><num>(3)</num><intro><p>In section 1087 (material not available for public inspection), in subsection (1)(ga)—</p></intro><level class="para1" eId="section-106-3-a"><num>(a)</num><content><p><mod>after “1097A” insert <quotedText>“, <ref href="#d28e14962">1097B</ref>”</quotedText>;</mod></p></content></level><level class="para1" eId="section-106-3-b"><num>(b)</num><content><p><mod>for “company registered office” substitute <quotedText>“registered office, service address”</quotedText>.</mod></p></content></level></subsection></section><section eId="section-107"><num>107</num><heading>Rectification of register: principal office addresses</heading><subsection eId="section-107-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-107-2"><num>(2)</num><content><p><mod>After section <ref href="#d28e14962">1097B</ref> (inserted by section 106) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e15219"><num>1097C</num><heading>Rectification of register: principal office addresses</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to change the address registered as the principal office of a relevant person if satisfied that the address is not in fact their principal office.</p></content></subsection><subsection><num>(2)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-address-registered-as-the-principal-office">address registered as the principal office</term>”, in relation to a relevant person, means the address for the time being shown in the register as the address of the person’s current principal office;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-relevant-person">relevant person</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a director of a company that is not an overseas company,</p></content></level><level class="para1"><num>(b)</num><content><p>a secretary or one of the joint secretaries of a company that is not an overseas company,</p></content></level><level class="para1"><num>(c)</num><content><p>a registrable relevant legal entity in relation to a company (within the meaning given by section 790C), or</p></content></level><level class="para1"><num>(d)</num><content><p>a registrable person in relation to a company (within the meaning given by section 790C) who falls within section 790C(12).</p></content></level></hcontainer></subsection><subsection><num>(3)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection><subsection><num>(4)</num><content><p>The regulations must provide for the change in the address to be effected by the registrar proceeding as if the company had given notice under section 167H, 279H or 790LD of the change.</p></content></subsection><subsection><num>(5)</num><intro><p>The regulations may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application,</p></content></level><level class="para1"><num>(b)</num><content><p>the information to be included in and documents to accompany an application,</p></content></level><level class="para1"><num>(c)</num><content><p>the registrar requiring the company or an applicant to provide information for the purposes of determining anything under the regulations,</p></content></level><level class="para1"><num>(d)</num><content><p>the notice to be given of an application or that the registrar is considering the exercise of powers under the regulations,</p></content></level><level class="para1"><num>(e)</num><content><p>the notice to be given of any decision under the regulations,</p></content></level><level class="para1"><num>(f)</num><content><p>the period in which objections to an application may be made,</p></content></level><level class="para1"><num>(g)</num><content><p>how the registrar is to determine whether an address registered as the principal office of a relevant person is in fact the person’s principal office, including in particular the evidence, or descriptions of evidence, which the registrar may without further enquiry rely on to be satisfied that the address meets those requirements,</p></content></level><level class="para1"><num>(h)</num><content><p>the referral by the registrar of any question for determination by the court,</p></content></level><level class="para1"><num>(i)</num><content><p>the registrar requiring the company to provide an address to be registered as the principal office of the relevant person,</p></content></level><level class="para1"><num>(j)</num><content><p>the nomination by the registrar of an address (a “default address”) to be registered as the principal office of the relevant person (which need not be the relevant person’s actual principal office),</p></content></level><level class="para1" eId="d28e15346"><num>(k)</num><content><p>the period for which the default address is permitted to be the address registered as the principal office of the relevant person, and</p></content></level><level class="para1"><num>(l)</num><content><p>when the change of address takes effect and the consequences of registration of the change.</p></content></level></subsection><subsection><num>(6)</num><content><p>The provision made by virtue of subsection <ref href="#d28e15346">(5)(k)</ref> may in particular include provision creating summary offences punishable with a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection><subsection><num>(7)</num><content><p>The regulations must confer a right on the company to appeal to the court against any decision to change the address registered as the principal office of the relevant person under the regulations.</p></content></subsection><subsection><num>(8)</num><content><p>If the regulations enable a person to apply for the address registered as the principal office of a relevant person to be changed, the regulations must also confer a right on the applicant to appeal to the court against a refusal of the application.</p></content></subsection><subsection eId="d28e15379"><num>(9)</num><content><p>On an appeal, the court must direct the registrar to register such address as the principal office of the relevant person as the court considers appropriate in all the circumstances of the case.</p></content></subsection><subsection><num>(10)</num><intro><p>The regulations may make further provision about an appeal and in particular—</p></intro><level class="para1"><num>(a)</num><content><p>provision about the time within which an appeal must be brought and the grounds on which an appeal may be brought;</p></content></level><level class="para1"><num>(b)</num><content><p>further provision about directions by virtue of subsection <ref href="#d28e15379">(9)</ref>.</p></content></level></subsection><subsection><num>(11)</num><content><p>The regulations may include such provision applying (including applying with modifications), amending or repealing an enactment contained in this Act as the Secretary of State considers necessary or expedient in consequence of any provision made by the regulations.</p></content></subsection><subsection><num>(12)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(13)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-107-3"><num>(3)</num><intro><p>In section 1087 (material not available for public inspection), in subsection (1)(ga)—</p></intro><level class="para1" eId="section-107-3-a"><num>(a)</num><content><p><mod>after “<ref href="#d28e14962">1097B</ref>” (inserted by section 106 of this Act) insert <quotedText>“or <ref href="#d28e15219">1097C</ref>”</quotedText>;</mod></p></content></level><level class="para1" eId="section-107-3-b"><num>(b)</num><content><p><mod>after “<term refersTo="#term-service-address" eId="term-service-address">service address</term>” (inserted by section 106 of this Act) insert <quotedText>“or principal office address”</quotedText>.</mod></p></content></level></subsection></section><section eId="section-108"><num>108</num><heading>Service of documents on people with significant control</heading><content><p><mod>In section 1140 of the Companies Act 2006 (service of documents on directors, secretaries and others), in subsection (2), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>a person who is a registrable person or a registrable relevant legal entity in relation to a company (within the meanings given by section 790C);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></section></hcontainer></part>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-the-registrar-of-companies"><heading>The registrar of companies</heading><section eId="section-1"><num>1</num><heading>The registrar’s objectives</heading><subsection eId="section-1-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-1-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (2), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e352">1081A</ref> (registrar’s objectives to promote integrity of registers etc),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-1-3"><num>(3)</num><content><p><mod>After section 1081 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e352"><num>1081A</num><heading>Registrar’s objectives to promote integrity of registers etc</heading><subsection><num>(1)</num><content><p>The registrar must, in performing the registrar’s functions, seek to promote the following objectives.</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p><i>Objective 1</i></p><p>Objective 1 is to ensure that any person who is required to deliver a document to the registrar does so (and that the requirements for proper delivery are complied with).</p></item><item><p><i>Objective 2</i></p><p>Objective 2 is to ensure that information contained in the register is accurate and that the register contains everything it ought to contain.</p></item><item><p><i>Objective 3</i></p><p>Objective 3 is to ensure that records kept by the registrar do not create a false or misleading impression to members of the public.</p></item><item><p><i>Objective 4</i></p><p>Objective 4 is to prevent companies and others from—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>carrying out unlawful activities, or</p></item><item><num>(b)</num><p>facilitating the carrying out by others of unlawful activities.</p></item></blockList></item></blockList></content></subsection><subsection><num>(2)</num><content><p>In Objective 2 the reference to “<term refersTo="#term-the-register">the register</term>” includes any records kept by the registrar under any enactment.</p></content></subsection></section></quotedStructure></mod></p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-1"><num>1</num><heading>The registrar’s objectives</heading><subsection eId="section-1-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-1-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (2), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e352">1081A</ref> (registrar’s objectives to promote integrity of registers etc),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-1-3"><num>(3)</num><content><p><mod>After section 1081 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e352"><num>1081A</num><heading>Registrar’s objectives to promote integrity of registers etc</heading><subsection><num>(1)</num><content><p>The registrar must, in performing the registrar’s functions, seek to promote the following objectives.</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p><i>Objective 1</i></p><p>Objective 1 is to ensure that any person who is required to deliver a document to the registrar does so (and that the requirements for proper delivery are complied with).</p></item><item><p><i>Objective 2</i></p><p>Objective 2 is to ensure that information contained in the register is accurate and that the register contains everything it ought to contain.</p></item><item><p><i>Objective 3</i></p><p>Objective 3 is to ensure that records kept by the registrar do not create a false or misleading impression to members of the public.</p></item><item><p><i>Objective 4</i></p><p>Objective 4 is to prevent companies and others from—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>carrying out unlawful activities, or</p></item><item><num>(b)</num><p>facilitating the carrying out by others of unlawful activities.</p></item></blockList></item></blockList></content></subsection><subsection><num>(2)</num><content><p>In Objective 2 the reference to “<term refersTo="#term-the-register">the register</term>” includes any records kept by the registrar under any enactment.</p></content></subsection></section></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-1-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (2), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e352">1081A</ref> (registrar’s objectives to promote integrity of registers etc),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-1-3"><num>(3)</num><content><p><mod>After section 1081 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e352"><num>1081A</num><heading>Registrar’s objectives to promote integrity of registers etc</heading><subsection><num>(1)</num><content><p>The registrar must, in performing the registrar’s functions, seek to promote the following objectives.</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p><i>Objective 1</i></p><p>Objective 1 is to ensure that any person who is required to deliver a document to the registrar does so (and that the requirements for proper delivery are complied with).</p></item><item><p><i>Objective 2</i></p><p>Objective 2 is to ensure that information contained in the register is accurate and that the register contains everything it ought to contain.</p></item><item><p><i>Objective 3</i></p><p>Objective 3 is to ensure that records kept by the registrar do not create a false or misleading impression to members of the public.</p></item><item><p><i>Objective 4</i></p><p>Objective 4 is to prevent companies and others from—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>carrying out unlawful activities, or</p></item><item><num>(b)</num><p>facilitating the carrying out by others of unlawful activities.</p></item></blockList></item></blockList></content></subsection><subsection><num>(2)</num><content><p>In Objective 2 the reference to “<term refersTo="#term-the-register">the register</term>” includes any records kept by the registrar under any enactment.</p></content></subsection></section></quotedStructure></mod></p></content></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-company-formation"><heading>Company formation</heading><section eId="section-2"><num>2</num><heading>Statement as to lawful purposes</heading><intro><p>In section 9 of the Companies Act 2006 (registration documents), in subsection (2)—</p></intro><level class="para1" eId="section-2-a"><num>(a)</num><content><p>omit the “and” at the end of paragraph (c);</p></content></level><level class="para1" eId="section-2-b"><num>(b)</num><content><p><mod>at the end of paragraph (d) insert <quotedText startQuote="“">, and</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>that the subscribers wish to form the company for lawful purposes.</p></content></level></quotedStructure></mod></p></content></level></section><section eId="section-3"><num>3</num><heading>Information about subscribers</heading><subsection eId="section-3-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-3-2"><num>(2)</num><intro><p>In section 9 (registration documents)—</p></intro><level class="para1" eId="section-3-2-a"><num>(a)</num><content><p><mod>after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><intro><p>The application must contain—</p></intro><level class="para1"><num>(a)</num><content><p>a statement of the required information about each of the subscribers to the memorandum of association (see section <ref href="#d28e565">9A</ref>),</p></content></level><level class="para1"><num>(b)</num><content><p>a statement that none of the subscribers to the memorandum of association is disqualified under the directors disqualification legislation (see section 159A(2)),</p></content></level><level class="para1" eId="d28e492"><num>(c)</num><intro><p>if any of them would be so disqualified but for the permission of a court to act, a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the subscriber’s name,</p></content></level><level class="para2"><num>(ii)</num><content><p>the court by which permission was given, and</p></content></level><level class="para2"><num>(iii)</num><content><p>the date on which permission was given, and</p></content></level></level><level class="para1"><num>(d)</num><intro><p>if any of them would be disqualified under the directors disqualification legislation by virtue of section 11A of the Company Directors Disqualification Act 1986 or Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002 (designated persons under sanctions legislation) but for the authority of a licence of the kind mentioned in that section or Article, a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the subscriber’s name, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the date on which it was issued and by whom it was issued.</p></content></level></level></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-3-2-b"><num>(b)</num><content><p><mod>after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7)</num><content><p>In subsection <ref href="#d28e492">(3A)(c)</ref> “<term refersTo="#term-permission-of-a-court-to-act">permission of a court to act</term>” means permission of a court under a provision mentioned in column 2 of the table in section 159A(2).</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-3-3"><num>(3)</num><content><p><mod>After section 9 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e565"><num>9A</num><heading>Required information about the subscribers</heading><subsection eId="d28e569"><num>(1)</num><intro><p>The required information about a subscriber who is an individual is—</p></intro><level class="para1"><num>(a)</num><content><p>name;</p></content></level><level class="para1"><num>(b)</num><content><p>a service address.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The required information about a subscriber that is a body corporate, or a firm that is a legal person under the law by which it is governed, is—</p></intro><level class="para1"><num>(a)</num><content><p>corporate or firm name;</p></content></level><level class="para1"><num>(b)</num><content><p>a service address.</p></content></level></subsection><subsection><num>(3)</num><content><p>In subsection <ref href="#d28e569">(1)</ref> “<term refersTo="#term-name">name</term>” means the individual’s forename and surname.</p></content></subsection><subsection eId="d28e617"><num>(4)</num><content><p>Where a subscriber is a peer or an individual usually known by a title, that title may be stated in the application for the registration of the company instead of the subscriber’s forename and surname.</p></content></subsection><subsection><num>(5)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>amend this section so as to change the required information about a subscriber;</p></content></level><level class="para1"><num>(b)</num><content><p>repeal subsection <ref href="#d28e617">(4)</ref>.</p></content></level></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-3-4"><num>(4)</num><content><p>In section 10 (statement of capital and initial shareholdings), omit subsection (3).</p></content></subsection><subsection eId="section-3-5"><num>(5)</num><content><p>In section 11 (statement of guarantee), omit subsection (2).</p></content></subsection></section><section eId="section-4"><num>4</num><heading>Proposed officers: identity verification</heading><subsection eId="section-4-1"><num>(1)</num><content><p>Section 12 of the Companies Act 2006 (statement of proposed officers) is amended as follows.</p></content></subsection><subsection eId="section-4-2"><num>(2)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e685"><num>(2A)</num><content><p>The statement must, in the case of each individual named as a director, confirm that the individual’s identity is verified (see section 1110A).</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-4-3"><num>(3)</num><intro><p>The provision that may be made under section 220<ref href="#section-220-1">(1)</ref> in connection with the coming into force of this section includes—</p></intro><level class="para1" eId="section-4-3-a"><num>(a)</num><content><p>provision requiring a company incorporated in pursuance of an application delivered before the coming into force of this section to deliver to the registrar, at the same time as a confirmation statement, a statement, in respect of any individual who became a director of the company on its incorporation, confirming that the individual’s identity is verified (within the meaning of section 1110A of the Companies Act 2006), and</p></content></level><level class="para1" eId="section-4-3-b"><num>(b)</num><content><p>provision for section 853A(1)(b)(i) of the Companies Act 2006 (as substituted by section 59 of this Act) to have effect as if it included a reference to any duty imposed by virtue of paragraph <ref href="#section-4-3-a">(a)</ref>.</p></content></level></subsection><subsection eId="section-4-4"><num>(4)</num><intro><p>In subsection <ref href="#section-4-3">(3)</ref>—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-confirmation-statement" eId="term-confirmation-statement">confirmation statement</term>” has the meaning given by section 853A of the Companies Act 2006;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Companies Acts (see section 1060 of the Companies Act 2006).</p></content></hcontainer></subsection></section><section eId="section-5"><num>5</num><heading>Proposed officers: disqualification</heading><subsection eId="section-5-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows</p></content></subsection><subsection eId="section-5-2"><num>(2)</num><content><p><mod>In section 12 (statement of proposed officers), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><intro><p>The statement must also include a statement by the subscribers to the memorandum of association that no one named as a director is—</p></intro><level class="para1"><num>(a)</num><content><p>disqualified under the directors disqualification legislation (see section 159A(2)), or</p></content></level><level class="para1"><num>(b)</num><content><p>otherwise ineligible by virtue of any enactment for appointment as a director.</p></content></level></subsection><subsection eId="d28e780"><num>(5)</num><intro><p>Where any of the persons named as directors would be disqualified under the directors disqualification legislation but for the permission of a court to act, the statement must also include a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para1"><num>(a)</num><content><p>the person’s name,</p></content></level><level class="para1"><num>(b)</num><content><p>the court by which permission was given, and</p></content></level><level class="para1"><num>(c)</num><content><p>the date on which permission was given.</p></content></level></subsection><subsection eId="d28e804"><num>(6)</num><content><p>In subsection <ref href="#d28e780">(5)</ref> “<term refersTo="#term-permission-of-a-court-to-act">permission of a court to act</term>” means permission of a court under a provision mentioned in column 2 of the table in section 159A(2).</p></content></subsection><subsection eId="d28e816"><num>(7)</num><intro><p>Where any of the persons named as directors would be disqualified under the directors disqualification legislation by virtue of section 11A of the Company Directors Disqualification Act 1986 or Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002 (designated persons under sanctions legislation) but for the authority of a licence of the kind mentioned in that section or Article, the statement must also include a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para1"><num>(a)</num><content><p>the person’s name, and</p></content></level><level class="para1"><num>(b)</num><content><p>the date on which the licence was issued and by whom it was issued.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-5-3"><num>(3)</num><content><p><mod>In section 16 (effect of registration), in subsection (6), at the end insert <quotedText>“unless ineligible for appointment to that office by virtue of any enactment”</quotedText>.</mod></p></content></subsection></section><section eId="section-6"><num>6</num><heading>Persons with initial significant control: disqualification</heading><subsection eId="section-6-1"><num>(1)</num><content><p>Section 12A of the Companies Act 2006 (statement of initial significant control) is amended as follows.</p></content></subsection><subsection eId="section-6-2"><num>(2)</num><content><p><mod>After subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><intro><p>If there is anyone who will be a registrable person, or a registrable relevant legal entity, in relation to the company on incorporation, the statement must also include—</p></intro><level class="para1"><num>(a)</num><content><p>a statement that none of them is disqualified under the directors disqualification legislation (see section 159A(2)),</p></content></level><level class="para1"><num>(b)</num><intro><p>if any of them would be so disqualified but for the permission of a court to act, a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the person’s name,</p></content></level><level class="para2"><num>(ii)</num><content><p>the court by which permission was given,</p></content></level><level class="para2"><num>(iii)</num><content><p>the date on which permission was given, and</p></content></level></level><level class="para1"><num>(c)</num><intro><p>if any of them would be so disqualified by virtue of section 11A of the Company Directors Disqualification Act 1986 or Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002 (designated persons under sanctions legislation) but for the authority of a licence of the kind mentioned in that section or Article, a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the person’s name, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the date on which the licence was issued and by whom it was issued.</p></content></level></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-6-3"><num>(3)</num><content><p><mod>For subsection (4) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-permission-of-a-court-to-act">permission of a court to act</term>” means permission of a court under a provision mentioned in column 2 of the table in section 159A(2);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registrable-person">registrable person</term>” has the meaning given by section 790C (see also section 790J);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registrable-relevant-legal-entity">registrable relevant legal entity</term>” has the meaning given by section 790C (see also section 790J);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-required-particulars">required particulars</term>” has the meaning given by section 790K.</p></content></hcontainer></subsection></quotedStructure></mod></p></content></subsection></section><section eId="section-7"><num>7</num><heading>Persons with initial significant control: identity verification</heading><content><p><mod>After section 12A of the Companies Act 2006 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e975"><num>12B</num><heading>Option to provide ID verification information about PSCs</heading><subsection><num>(1)</num><content><p>This section applies if an application for the registration of a company contains a statement of initial significant control that identifies a person who will be a registrable person, or a registrable relevant legal entity, in relation to the company on its incorporation.</p></content></subsection><subsection eId="d28e985"><num>(2)</num><content><p>In relation to any person who will be a registrable person, the statement may include a statement that the person’s identity is verified (see section 1110A).</p></content></subsection><subsection eId="d28e991"><num>(3)</num><intro><p>In relation to any person who will be a registrable relevant legal entity, the statement may include a statement that—</p></intro><level class="para1"><num>(a)</num><content><p>specifies the name of one of its relevant officers (within the meaning given by section <ref href="#d28e8432">790LO</ref><ref href="#d28e8556">(6)</ref>) who is an individual and whose identity is verified, and</p></content></level><level class="para1"><num>(b)</num><content><p>confirms that the individual’s identity is verified.</p></content></level></subsection><subsection eId="d28e1014"><num>(4)</num><content><p>If a statement under subsection <ref href="#d28e991">(3)</ref> is included in relation to a person who will be a registrable relevant legal entity, the application for registration of the company must be accompanied by a statement by the individual confirming that the individual is a relevant officer of that entity.</p></content></subsection><subsection><num>(5)</num><content><p>To find out what happens if the option in subsection <ref href="#d28e985">(2)</ref> or <ref href="#d28e991">(3)</ref> is not exercised, see sections <ref href="#d28e8230">790LM</ref> and <ref href="#d28e8432">790LO</ref>.</p></content></subsection><subsection><num>(6)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-registrable-person">registrable person</term>” has the meaning given by section 790C, except that it does not include a person mentioned in section 790C(12)(a) to (d) (see also section 790J);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registrable-relevant-legal-entity">registrable relevant legal entity</term>” has the meaning given by section 790C (see also section 790J).</p></content></hcontainer></subsection></section></quotedStructure></mod></p></content></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-2"><num>2</num><heading>Statement as to lawful purposes</heading><intro><p>In section 9 of the Companies Act 2006 (registration documents), in subsection (2)—</p></intro><level class="para1" eId="section-2-a"><num>(a)</num><content><p>omit the “and” at the end of paragraph (c);</p></content></level><level class="para1" eId="section-2-b"><num>(b)</num><content><p><mod>at the end of paragraph (d) insert <quotedText startQuote="“">, and</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>that the subscribers wish to form the company for lawful purposes.</p></content></level></quotedStructure></mod></p></content></level></section>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-2-a"><num>(a)</num><content><p>omit the “and” at the end of paragraph (c);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-2-b"><num>(b)</num><content><p><mod>at the end of paragraph (d) insert <quotedText startQuote="“">, and</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>that the subscribers wish to form the company for lawful purposes.</p></content></level></quotedStructure></mod></p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-3"><num>3</num><heading>Information about subscribers</heading><subsection eId="section-3-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-3-2"><num>(2)</num><intro><p>In section 9 (registration documents)—</p></intro><level class="para1" eId="section-3-2-a"><num>(a)</num><content><p><mod>after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><intro><p>The application must contain—</p></intro><level class="para1"><num>(a)</num><content><p>a statement of the required information about each of the subscribers to the memorandum of association (see section <ref href="#d28e565">9A</ref>),</p></content></level><level class="para1"><num>(b)</num><content><p>a statement that none of the subscribers to the memorandum of association is disqualified under the directors disqualification legislation (see section 159A(2)),</p></content></level><level class="para1" eId="d28e492"><num>(c)</num><intro><p>if any of them would be so disqualified but for the permission of a court to act, a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the subscriber’s name,</p></content></level><level class="para2"><num>(ii)</num><content><p>the court by which permission was given, and</p></content></level><level class="para2"><num>(iii)</num><content><p>the date on which permission was given, and</p></content></level></level><level class="para1"><num>(d)</num><intro><p>if any of them would be disqualified under the directors disqualification legislation by virtue of section 11A of the Company Directors Disqualification Act 1986 or Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002 (designated persons under sanctions legislation) but for the authority of a licence of the kind mentioned in that section or Article, a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the subscriber’s name, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the date on which it was issued and by whom it was issued.</p></content></level></level></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-3-2-b"><num>(b)</num><content><p><mod>after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7)</num><content><p>In subsection <ref href="#d28e492">(3A)(c)</ref> “<term refersTo="#term-permission-of-a-court-to-act">permission of a court to act</term>” means permission of a court under a provision mentioned in column 2 of the table in section 159A(2).</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-3-3"><num>(3)</num><content><p><mod>After section 9 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e565"><num>9A</num><heading>Required information about the subscribers</heading><subsection eId="d28e569"><num>(1)</num><intro><p>The required information about a subscriber who is an individual is—</p></intro><level class="para1"><num>(a)</num><content><p>name;</p></content></level><level class="para1"><num>(b)</num><content><p>a service address.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The required information about a subscriber that is a body corporate, or a firm that is a legal person under the law by which it is governed, is—</p></intro><level class="para1"><num>(a)</num><content><p>corporate or firm name;</p></content></level><level class="para1"><num>(b)</num><content><p>a service address.</p></content></level></subsection><subsection><num>(3)</num><content><p>In subsection <ref href="#d28e569">(1)</ref> “<term refersTo="#term-name">name</term>” means the individual’s forename and surname.</p></content></subsection><subsection eId="d28e617"><num>(4)</num><content><p>Where a subscriber is a peer or an individual usually known by a title, that title may be stated in the application for the registration of the company instead of the subscriber’s forename and surname.</p></content></subsection><subsection><num>(5)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>amend this section so as to change the required information about a subscriber;</p></content></level><level class="para1"><num>(b)</num><content><p>repeal subsection <ref href="#d28e617">(4)</ref>.</p></content></level></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-3-4"><num>(4)</num><content><p>In section 10 (statement of capital and initial shareholdings), omit subsection (3).</p></content></subsection><subsection eId="section-3-5"><num>(5)</num><content><p>In section 11 (statement of guarantee), omit subsection (2).</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-3-2"><num>(2)</num><intro><p>In section 9 (registration documents)—</p></intro><level class="para1" eId="section-3-2-a"><num>(a)</num><content><p><mod>after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><intro><p>The application must contain—</p></intro><level class="para1"><num>(a)</num><content><p>a statement of the required information about each of the subscribers to the memorandum of association (see section <ref href="#d28e565">9A</ref>),</p></content></level><level class="para1"><num>(b)</num><content><p>a statement that none of the subscribers to the memorandum of association is disqualified under the directors disqualification legislation (see section 159A(2)),</p></content></level><level class="para1" eId="d28e492"><num>(c)</num><intro><p>if any of them would be so disqualified but for the permission of a court to act, a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the subscriber’s name,</p></content></level><level class="para2"><num>(ii)</num><content><p>the court by which permission was given, and</p></content></level><level class="para2"><num>(iii)</num><content><p>the date on which permission was given, and</p></content></level></level><level class="para1"><num>(d)</num><intro><p>if any of them would be disqualified under the directors disqualification legislation by virtue of section 11A of the Company Directors Disqualification Act 1986 or Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002 (designated persons under sanctions legislation) but for the authority of a licence of the kind mentioned in that section or Article, a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the subscriber’s name, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the date on which it was issued and by whom it was issued.</p></content></level></level></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-3-2-b"><num>(b)</num><content><p><mod>after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7)</num><content><p>In subsection <ref href="#d28e492">(3A)(c)</ref> “<term refersTo="#term-permission-of-a-court-to-act">permission of a court to act</term>” means permission of a court under a provision mentioned in column 2 of the table in section 159A(2).</p></content></subsection></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-3-2-a"><num>(a)</num><content><p><mod>after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><intro><p>The application must contain—</p></intro><level class="para1"><num>(a)</num><content><p>a statement of the required information about each of the subscribers to the memorandum of association (see section <ref href="#d28e565">9A</ref>),</p></content></level><level class="para1"><num>(b)</num><content><p>a statement that none of the subscribers to the memorandum of association is disqualified under the directors disqualification legislation (see section 159A(2)),</p></content></level><level class="para1" eId="d28e492"><num>(c)</num><intro><p>if any of them would be so disqualified but for the permission of a court to act, a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the subscriber’s name,</p></content></level><level class="para2"><num>(ii)</num><content><p>the court by which permission was given, and</p></content></level><level class="para2"><num>(iii)</num><content><p>the date on which permission was given, and</p></content></level></level><level class="para1"><num>(d)</num><intro><p>if any of them would be disqualified under the directors disqualification legislation by virtue of section 11A of the Company Directors Disqualification Act 1986 or Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002 (designated persons under sanctions legislation) but for the authority of a licence of the kind mentioned in that section or Article, a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the subscriber’s name, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the date on which it was issued and by whom it was issued.</p></content></level></level></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-3-2-b"><num>(b)</num><content><p><mod>after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7)</num><content><p>In subsection <ref href="#d28e492">(3A)(c)</ref> “<term refersTo="#term-permission-of-a-court-to-act">permission of a court to act</term>” means permission of a court under a provision mentioned in column 2 of the table in section 159A(2).</p></content></subsection></quotedStructure></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-3-3"><num>(3)</num><content><p><mod>After section 9 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e565"><num>9A</num><heading>Required information about the subscribers</heading><subsection eId="d28e569"><num>(1)</num><intro><p>The required information about a subscriber who is an individual is—</p></intro><level class="para1"><num>(a)</num><content><p>name;</p></content></level><level class="para1"><num>(b)</num><content><p>a service address.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The required information about a subscriber that is a body corporate, or a firm that is a legal person under the law by which it is governed, is—</p></intro><level class="para1"><num>(a)</num><content><p>corporate or firm name;</p></content></level><level class="para1"><num>(b)</num><content><p>a service address.</p></content></level></subsection><subsection><num>(3)</num><content><p>In subsection <ref href="#d28e569">(1)</ref> “<term refersTo="#term-name">name</term>” means the individual’s forename and surname.</p></content></subsection><subsection eId="d28e617"><num>(4)</num><content><p>Where a subscriber is a peer or an individual usually known by a title, that title may be stated in the application for the registration of the company instead of the subscriber’s forename and surname.</p></content></subsection><subsection><num>(5)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>amend this section so as to change the required information about a subscriber;</p></content></level><level class="para1"><num>(b)</num><content><p>repeal subsection <ref href="#d28e617">(4)</ref>.</p></content></level></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-4"><num>(4)</num><content><p>In section 10 (statement of capital and initial shareholdings), omit subsection (3).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-5"><num>(5)</num><content><p>In section 11 (statement of guarantee), omit subsection (2).</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-4"><num>4</num><heading>Proposed officers: identity verification</heading><subsection eId="section-4-1"><num>(1)</num><content><p>Section 12 of the Companies Act 2006 (statement of proposed officers) is amended as follows.</p></content></subsection><subsection eId="section-4-2"><num>(2)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e685"><num>(2A)</num><content><p>The statement must, in the case of each individual named as a director, confirm that the individual’s identity is verified (see section 1110A).</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-4-3"><num>(3)</num><intro><p>The provision that may be made under section 220<ref href="#section-220-1">(1)</ref> in connection with the coming into force of this section includes—</p></intro><level class="para1" eId="section-4-3-a"><num>(a)</num><content><p>provision requiring a company incorporated in pursuance of an application delivered before the coming into force of this section to deliver to the registrar, at the same time as a confirmation statement, a statement, in respect of any individual who became a director of the company on its incorporation, confirming that the individual’s identity is verified (within the meaning of section 1110A of the Companies Act 2006), and</p></content></level><level class="para1" eId="section-4-3-b"><num>(b)</num><content><p>provision for section 853A(1)(b)(i) of the Companies Act 2006 (as substituted by section 59 of this Act) to have effect as if it included a reference to any duty imposed by virtue of paragraph <ref href="#section-4-3-a">(a)</ref>.</p></content></level></subsection><subsection eId="section-4-4"><num>(4)</num><intro><p>In subsection <ref href="#section-4-3">(3)</ref>—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-confirmation-statement" eId="term-confirmation-statement">confirmation statement</term>” has the meaning given by section 853A of the Companies Act 2006;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Companies Acts (see section 1060 of the Companies Act 2006).</p></content></hcontainer></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-1"><num>(1)</num><content><p>Section 12 of the Companies Act 2006 (statement of proposed officers) is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-4-2"><num>(2)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e685"><num>(2A)</num><content><p>The statement must, in the case of each individual named as a director, confirm that the individual’s identity is verified (see section 1110A).</p></content></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-3"><num>(3)</num><intro><p>The provision that may be made under section 220<ref href="#section-220-1">(1)</ref> in connection with the coming into force of this section includes—</p></intro><level class="para1" eId="section-4-3-a"><num>(a)</num><content><p>provision requiring a company incorporated in pursuance of an application delivered before the coming into force of this section to deliver to the registrar, at the same time as a confirmation statement, a statement, in respect of any individual who became a director of the company on its incorporation, confirming that the individual’s identity is verified (within the meaning of section 1110A of the Companies Act 2006), and</p></content></level><level class="para1" eId="section-4-3-b"><num>(b)</num><content><p>provision for section 853A(1)(b)(i) of the Companies Act 2006 (as substituted by section 59 of this Act) to have effect as if it included a reference to any duty imposed by virtue of paragraph <ref href="#section-4-3-a">(a)</ref>.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-3-a"><num>(a)</num><content><p>provision requiring a company incorporated in pursuance of an application delivered before the coming into force of this section to deliver to the registrar, at the same time as a confirmation statement, a statement, in respect of any individual who became a director of the company on its incorporation, confirming that the individual’s identity is verified (within the meaning of section 1110A of the Companies Act 2006), and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-3-b"><num>(b)</num><content><p>provision for section 853A(1)(b)(i) of the Companies Act 2006 (as substituted by section 59 of this Act) to have effect as if it included a reference to any duty imposed by virtue of paragraph <ref href="#section-4-3-a">(a)</ref>.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-4"><num>(4)</num><intro><p>In subsection <ref href="#section-4-3">(3)</ref>—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-confirmation-statement" eId="term-confirmation-statement">confirmation statement</term>” has the meaning given by section 853A of the Companies Act 2006;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Companies Acts (see section 1060 of the Companies Act 2006).</p></content></hcontainer></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(b)</num><content><p>in relation to any other relevant body, has a corresponding meaning;</p></content></level>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-5"><num>5</num><heading>Proposed officers: disqualification</heading><subsection eId="section-5-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows</p></content></subsection><subsection eId="section-5-2"><num>(2)</num><content><p><mod>In section 12 (statement of proposed officers), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><intro><p>The statement must also include a statement by the subscribers to the memorandum of association that no one named as a director is—</p></intro><level class="para1"><num>(a)</num><content><p>disqualified under the directors disqualification legislation (see section 159A(2)), or</p></content></level><level class="para1"><num>(b)</num><content><p>otherwise ineligible by virtue of any enactment for appointment as a director.</p></content></level></subsection><subsection eId="d28e780"><num>(5)</num><intro><p>Where any of the persons named as directors would be disqualified under the directors disqualification legislation but for the permission of a court to act, the statement must also include a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para1"><num>(a)</num><content><p>the person’s name,</p></content></level><level class="para1"><num>(b)</num><content><p>the court by which permission was given, and</p></content></level><level class="para1"><num>(c)</num><content><p>the date on which permission was given.</p></content></level></subsection><subsection eId="d28e804"><num>(6)</num><content><p>In subsection <ref href="#d28e780">(5)</ref> “<term refersTo="#term-permission-of-a-court-to-act">permission of a court to act</term>” means permission of a court under a provision mentioned in column 2 of the table in section 159A(2).</p></content></subsection><subsection eId="d28e816"><num>(7)</num><intro><p>Where any of the persons named as directors would be disqualified under the directors disqualification legislation by virtue of section 11A of the Company Directors Disqualification Act 1986 or Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002 (designated persons under sanctions legislation) but for the authority of a licence of the kind mentioned in that section or Article, the statement must also include a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para1"><num>(a)</num><content><p>the person’s name, and</p></content></level><level class="para1"><num>(b)</num><content><p>the date on which the licence was issued and by whom it was issued.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-5-3"><num>(3)</num><content><p><mod>In section 16 (effect of registration), in subsection (6), at the end insert <quotedText>“unless ineligible for appointment to that office by virtue of any enactment”</quotedText>.</mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-5-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-5-2"><num>(2)</num><content><p><mod>In section 12 (statement of proposed officers), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><intro><p>The statement must also include a statement by the subscribers to the memorandum of association that no one named as a director is—</p></intro><level class="para1"><num>(a)</num><content><p>disqualified under the directors disqualification legislation (see section 159A(2)), or</p></content></level><level class="para1"><num>(b)</num><content><p>otherwise ineligible by virtue of any enactment for appointment as a director.</p></content></level></subsection><subsection eId="d28e780"><num>(5)</num><intro><p>Where any of the persons named as directors would be disqualified under the directors disqualification legislation but for the permission of a court to act, the statement must also include a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para1"><num>(a)</num><content><p>the person’s name,</p></content></level><level class="para1"><num>(b)</num><content><p>the court by which permission was given, and</p></content></level><level class="para1"><num>(c)</num><content><p>the date on which permission was given.</p></content></level></subsection><subsection eId="d28e804"><num>(6)</num><content><p>In subsection <ref href="#d28e780">(5)</ref> “<term refersTo="#term-permission-of-a-court-to-act">permission of a court to act</term>” means permission of a court under a provision mentioned in column 2 of the table in section 159A(2).</p></content></subsection><subsection eId="d28e816"><num>(7)</num><intro><p>Where any of the persons named as directors would be disqualified under the directors disqualification legislation by virtue of section 11A of the Company Directors Disqualification Act 1986 or Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002 (designated persons under sanctions legislation) but for the authority of a licence of the kind mentioned in that section or Article, the statement must also include a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para1"><num>(a)</num><content><p>the person’s name, and</p></content></level><level class="para1"><num>(b)</num><content><p>the date on which the licence was issued and by whom it was issued.</p></content></level></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-5-3"><num>(3)</num><content><p><mod>In section 16 (effect of registration), in subsection (6), at the end insert <quotedText>“unless ineligible for appointment to that office by virtue of any enactment”</quotedText>.</mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-6"><num>6</num><heading>Persons with initial significant control: disqualification</heading><subsection eId="section-6-1"><num>(1)</num><content><p>Section 12A of the Companies Act 2006 (statement of initial significant control) is amended as follows.</p></content></subsection><subsection eId="section-6-2"><num>(2)</num><content><p><mod>After subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><intro><p>If there is anyone who will be a registrable person, or a registrable relevant legal entity, in relation to the company on incorporation, the statement must also include—</p></intro><level class="para1"><num>(a)</num><content><p>a statement that none of them is disqualified under the directors disqualification legislation (see section 159A(2)),</p></content></level><level class="para1"><num>(b)</num><intro><p>if any of them would be so disqualified but for the permission of a court to act, a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the person’s name,</p></content></level><level class="para2"><num>(ii)</num><content><p>the court by which permission was given,</p></content></level><level class="para2"><num>(iii)</num><content><p>the date on which permission was given, and</p></content></level></level><level class="para1"><num>(c)</num><intro><p>if any of them would be so disqualified by virtue of section 11A of the Company Directors Disqualification Act 1986 or Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002 (designated persons under sanctions legislation) but for the authority of a licence of the kind mentioned in that section or Article, a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the person’s name, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the date on which the licence was issued and by whom it was issued.</p></content></level></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-6-3"><num>(3)</num><content><p><mod>For subsection (4) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-permission-of-a-court-to-act">permission of a court to act</term>” means permission of a court under a provision mentioned in column 2 of the table in section 159A(2);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registrable-person">registrable person</term>” has the meaning given by section 790C (see also section 790J);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registrable-relevant-legal-entity">registrable relevant legal entity</term>” has the meaning given by section 790C (see also section 790J);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-required-particulars">required particulars</term>” has the meaning given by section 790K.</p></content></hcontainer></subsection></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-1"><num>(1)</num><content><p>Section 12A of the Companies Act 2006 (statement of initial significant control) is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-6-2"><num>(2)</num><content><p><mod>After subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><intro><p>If there is anyone who will be a registrable person, or a registrable relevant legal entity, in relation to the company on incorporation, the statement must also include—</p></intro><level class="para1"><num>(a)</num><content><p>a statement that none of them is disqualified under the directors disqualification legislation (see section 159A(2)),</p></content></level><level class="para1"><num>(b)</num><intro><p>if any of them would be so disqualified but for the permission of a court to act, a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the person’s name,</p></content></level><level class="para2"><num>(ii)</num><content><p>the court by which permission was given,</p></content></level><level class="para2"><num>(iii)</num><content><p>the date on which permission was given, and</p></content></level></level><level class="para1"><num>(c)</num><intro><p>if any of them would be so disqualified by virtue of section 11A of the Company Directors Disqualification Act 1986 or Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002 (designated persons under sanctions legislation) but for the authority of a licence of the kind mentioned in that section or Article, a statement to that effect, in respect of each of them, specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the person’s name, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the date on which the licence was issued and by whom it was issued.</p></content></level></level></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-6-3"><num>(3)</num><content><p><mod>For subsection (4) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-permission-of-a-court-to-act">permission of a court to act</term>” means permission of a court under a provision mentioned in column 2 of the table in section 159A(2);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registrable-person">registrable person</term>” has the meaning given by section 790C (see also section 790J);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registrable-relevant-legal-entity">registrable relevant legal entity</term>” has the meaning given by section 790C (see also section 790J);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-required-particulars">required particulars</term>” has the meaning given by section 790K.</p></content></hcontainer></subsection></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-7"><num>7</num><heading>Persons with initial significant control: identity verification</heading><content><p><mod>After section 12A of the Companies Act 2006 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e975"><num>12B</num><heading>Option to provide ID verification information about PSCs</heading><subsection><num>(1)</num><content><p>This section applies if an application for the registration of a company contains a statement of initial significant control that identifies a person who will be a registrable person, or a registrable relevant legal entity, in relation to the company on its incorporation.</p></content></subsection><subsection eId="d28e985"><num>(2)</num><content><p>In relation to any person who will be a registrable person, the statement may include a statement that the person’s identity is verified (see section 1110A).</p></content></subsection><subsection eId="d28e991"><num>(3)</num><intro><p>In relation to any person who will be a registrable relevant legal entity, the statement may include a statement that—</p></intro><level class="para1"><num>(a)</num><content><p>specifies the name of one of its relevant officers (within the meaning given by section <ref href="#d28e8432">790LO</ref><ref href="#d28e8556">(6)</ref>) who is an individual and whose identity is verified, and</p></content></level><level class="para1"><num>(b)</num><content><p>confirms that the individual’s identity is verified.</p></content></level></subsection><subsection eId="d28e1014"><num>(4)</num><content><p>If a statement under subsection <ref href="#d28e991">(3)</ref> is included in relation to a person who will be a registrable relevant legal entity, the application for registration of the company must be accompanied by a statement by the individual confirming that the individual is a relevant officer of that entity.</p></content></subsection><subsection><num>(5)</num><content><p>To find out what happens if the option in subsection <ref href="#d28e985">(2)</ref> or <ref href="#d28e991">(3)</ref> is not exercised, see sections <ref href="#d28e8230">790LM</ref> and <ref href="#d28e8432">790LO</ref>.</p></content></subsection><subsection><num>(6)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-registrable-person">registrable person</term>” has the meaning given by section 790C, except that it does not include a person mentioned in section 790C(12)(a) to (d) (see also section 790J);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registrable-relevant-legal-entity">registrable relevant legal entity</term>” has the meaning given by section 790C (see also section 790J).</p></content></hcontainer></subsection></section></quotedStructure></mod></p></content></section>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-company-names"><heading>Company names</heading><section eId="section-8"><num>8</num><heading>Names for criminal purposes</heading><subsection eId="section-8-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-8-2"><num>(2)</num><content><p><mod>After section 53 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e1090"><num>53A</num><heading>Names for criminal purposes</heading><intro><p>A company must not be registered under this Act by a name if, in the opinion of the Secretary of State, the registration of the company by that name is intended to facilitate—</p></intro><level class="para1"><num>(a)</num><content><p>the commission of an offence involving dishonesty or deception, or</p></content></level><level class="para1"><num>(b)</num><content><p>the carrying out of conduct that, if carried out in any part of the United Kingdom, would amount to such an offence.</p></content></level></section></quotedStructure></mod></p></content></subsection><subsection eId="section-8-3"><num>(3)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>section <ref href="#d28e1090">53A</ref> (names for criminal purposes);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-9"><num>9</num><heading>Names suggesting connection with foreign governments etc</heading><subsection eId="section-9-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-9-2"><num>(2)</num><content><p><mod>After section 56 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e1151"><num>56A</num><heading>Names suggesting connection with foreign governments etc</heading><intro><p>A company must not be registered under this Act by a name that, in the opinion of the Secretary of State, would be likely to give the false impression that the company is connected with—</p></intro><level class="para1"><num>(a)</num><content><p>a foreign government or an agency or authority of a foreign government, or</p></content></level><level class="para1"><num>(b)</num><content><p>an international organisation whose members include two or more countries or territories (or their governments).</p></content></level></section></quotedStructure></mod></p></content></subsection><subsection eId="section-9-3"><num>(3)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bza)</num><content><p>section <ref href="#d28e1151">56A</ref> (names suggesting connection with foreign governments etc);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-10"><num>10</num><heading>Names containing computer code</heading><subsection eId="section-10-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-10-2"><num>(2)</num><content><p><mod>After section 57 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Computer code</heading><section eId="d28e1215"><num>57A</num><heading>Names containing computer code</heading><content><p>A company must not be registered under this Act by a name that, in the opinion of the Secretary of State, consists of or includes computer code.</p></content></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-10-3"><num>(3)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph (ba) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e1228"><num>(bb)</num><content><p>section <ref href="#d28e1215">57A</ref> (names containing computer code);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-11"><num>11</num><heading>Prohibition on re-registering name following direction</heading><subsection eId="section-11-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-11-2"><num>(2)</num><content><p><mod>After section <ref href="#d28e1215">57A</ref> (inserted by section 10 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Prohibitions where a company has been required to change a name</heading><section eId="d28e1270"><num>57B</num><heading>Prohibition on re-registering name following direction</heading><subsection eId="d28e1274"><num>(1)</num><content><p>Where a company’s name has at any time been changed following a direction under section 67, 75, 76, 76A or <ref href="#d28e2006">76B</ref>, or an order under section 73, the company must not subsequently be registered under this Act by the original name or a name that is similar to it.</p></content></subsection><subsection><num>(2)</num><content><p>But subsection <ref href="#d28e1274">(1)</ref> does not prevent the registration of the company by any name approved by the Secretary of State.</p></content></subsection><subsection><num>(3)</num><intro><p>In subsection <ref href="#d28e1274">(1)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>the reference to the name of a company being changed following a direction under a particular section includes a case where a new name is determined for the company under section <ref href="#d28e2289">76D</ref> because of its failure to comply with the direction;</p></content></level><level class="para1"><num>(b)</num><content><p>the reference to the name of a company being changed following an order under section 73 includes a case where a new name is determined for the company under section 73(4) because of its failure to comply with an order.</p></content></level></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-11-3"><num>(3)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph <ref href="#d28e1228">(bb)</ref> (inserted by section 10 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e1326"><num>(bc)</num><content><p>section <ref href="#d28e1270">57B</ref> (restriction on re-registering name following direction).</p></content></level></quotedStructure></mod></p></content></subsection></section><section eId="section-12"><num>12</num><heading>Prohibition on using name that another company has been directed to change</heading><subsection eId="section-12-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-12-2"><num>(2)</num><content><p><mod>After section <ref href="#d28e1270">57B</ref> (inserted by section 11 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e1363"><num>57C</num><heading>Name that another company has been directed to change</heading><subsection eId="d28e1367"><num>(1)</num><intro><p>Where a company has at any time been directed under section 67, 75, 76, 76A or <ref href="#d28e2006">76B</ref>, or ordered under section 73, to change its name, no other company may be registered under this Act by that name or a name that is similar if—</p></intro><level class="para1"><num>(a)</num><content><p>that company is an existing company and there is a person who has, or has had, a relevant relationship with both companies, or</p></content></level><level class="para1"><num>(b)</num><content><p>an application has been made for the registration of that company and, if it is registered, there will on its incorporation be a person who has, or has had, a relevant relationship with both companies.</p></content></level></subsection><subsection><num>(2)</num><content><p>But subsection <ref href="#d28e1367">(1)</ref> does not prevent the registration of the company by any name approved by the Secretary of State.</p></content></subsection><subsection><num>(3)</num><content><p>For the purposes of subsection <ref href="#d28e1367">(1)</ref> it is irrelevant whether the person has, or has had, a relevant relationship with both companies at the same time.</p></content></subsection><subsection><num>(4)</num><intro><p>For the purposes of this section a person has a “relevant relationship” with a company if the person is—</p></intro><level class="para1"><num>(a)</num><content><p>an officer, or</p></content></level><level class="para1"><num>(b)</num><content><p>a member or former member.</p></content></level></subsection><subsection><num>(5)</num><intro><p>In subsection <ref href="#d28e1367">(1)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>the reference to the name of a company being changed following a direction under a particular section includes a case where a new name is determined for the company under section <ref href="#d28e2289">76D</ref> because of its failure to comply with the direction;</p></content></level><level class="para1"><num>(b)</num><content><p>the reference to the name of a company being changed following an order under section 73 includes a case where a new name is determined for the company under section 73(4) because of its failure to comply with an order.</p></content></level></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-12-3"><num>(3)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph <ref href="#d28e1326">(bc)</ref> (inserted by section 11 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bd)</num><content><p>section <ref href="#d28e1363">57C</ref> (names that another company has been directed to change);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-13"><num>13</num><heading>Directions to change name: period for compliance</heading><subsection eId="section-13-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows</p></content></subsection><subsection eId="section-13-2"><num>(2)</num><content><p><mod>In section 64 (power to direct change of name in case of company ceasing to be entitled to exemption), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>The period must be a period of at least 28 days beginning with the date of the direction.</p></content></subsection><subsection><num>(2B)</num><content><p>The Secretary of State may by further direction in writing extend the period.</p><p>Any such direction must be given before the end of the period for the time being specified.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-13-3"><num>(3)</num><content><p><mod>In section 68 (direction to change name in case of similarity to existing name: supplementary provisions), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>The period must be a period of at least 28 days beginning with the date of the direction.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-13-4"><num>(4)</num><content><p><mod>In section 75 (provision of misleading information etc), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>The period must be at least 28 days beginning with the date of the direction.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-13-5"><num>(5)</num><intro><p>In section 76 (misleading indication of activities)—</p></intro><level class="para1" eId="section-13-5-a"><num>(a)</num><content><p><mod>for subsections (2) and (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><content><p>The direction must be in writing and must specify the period within which the company is to change its name.</p></content></subsection><subsection><num>(3)</num><content><p>The period must be a period of at least 28 days beginning with the date of the direction.</p></content></subsection><subsection><num>(3A)</num><content><p>The Secretary of State may by further direction in writing extend the period.</p><p>Any such direction must be given before the end of the period for the time being specified.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-13-5-b"><num>(b)</num><content><p><mod>for subsection (4) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e1575"><num>(4)</num><content><p>A company may apply to the court to set aside a direction under subsection (1).</p></content></subsection><subsection><num>(4A)</num><content><p>Any application under subsection <ref href="#d28e1575">(4)</ref> must be made within the period of three weeks beginning with the date of the direction.</p></content></subsection></quotedStructure></mod></p></content></level><level class="para1" eId="section-13-5-c"><num>(c)</num><content><p><mod>after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5A)</num><content><p>If a company applies to the court under subsection (4) to set aside a direction, it is not required to comply with the direction while the proceedings are ongoing.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-13-5-d"><num>(d)</num><content><p><mod>in subsection (6), for “this section” substitute <quotedText>“subsection (1)”</quotedText>.</mod></p></content></level></subsection></section><section eId="section-14"><num>14</num><heading>Requirements to change name: removal of old name from public inspection</heading><subsection eId="section-14-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-14-2"><num>(2)</num><content><p><mod>In section 64 (company ceasing to be entitled to exemption in relation to use of “limited” etc), after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e1636"><num>(6A)</num><content><p>Where a direction is given under subsection (1), the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the direction relates.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-14-3"><num>(3)</num><content><p><mod>In section 67 (power to direct change of name in case of similarity to existing name), after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e1649"><num>(1A)</num><content><p>Where a direction is given under subsection (1), the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the direction relates (so far as it relates to the company to which the direction is given).</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-14-4"><num>(4)</num><content><p><mod>In section 73 (order requiring name to be changed), after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e1662"><num>(7)</num><content><p>Where an order is made under subsection (1), the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the order relates.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-14-5"><num>(5)</num><content><p><mod>In section 75 (provision of misleading information), after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e1675"><num>(4A)</num><content><p>Where a direction is given under subsection (1), the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the direction relates.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-14-6"><num>(6)</num><content><p><mod>In section 76 (misleading indication of activities), after subsection (5A) (inserted by section 13 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e1688"><num>(5B)</num><content><p>Where a direction is given under subsection (1), the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the direction relates.</p></content></subsection></quotedStructure></mod></p></content></subsection></section><section eId="section-15"><num>15</num><heading>Objections to company’s registered name</heading><subsection eId="section-15-1"><num>(1)</num><content><p>Section 69 of the Companies Act 2006 (objection to company’s registered name) is amended as follows.</p></content></subsection><subsection eId="section-15-2"><num>(2)</num><intro><p>In subsection (1)(b)—</p></intro><level class="para1" eId="section-15-2-a"><num>(a)</num><content><p><mod>after “in the United Kingdom” insert <quotedText>“or elsewhere”</quotedText>;</mod></p></content></level><level class="para1" eId="section-15-2-b"><num>(b)</num><content><p><mod>after “mislead” insert <quotedText>“members of the public in the United Kingdom or elsewhere”</quotedText>.</mod></p></content></level></subsection><subsection eId="section-15-3"><num>(3)</num><intro><p><mod>In subsection (3), for the second sentence substitute <quotedText>“Any of the following may be joined as respondents—</quotedText></mod></p></intro><level class="para1" eId="section-15-3-a"><num>(a)</num><content><p>any member or person who was a member at the time at which the name was registered;</p></content></level><level class="para1" eId="section-15-3-b"><num>(b)</num><content><p>any director or person who was a director at the time at which the name was registered.”</p></content></level></subsection><subsection eId="section-15-4"><num>(4)</num><content><p>In subsection (4), omit paragraph (b) (and the “or” at the end of that paragraph).</p></content></subsection><subsection eId="section-15-5"><num>(5)</num><content><p>In subsection (5), omit “, (b)”.</p></content></subsection></section><section eId="section-16"><num>16</num><heading>Misleading indication of activities</heading><content><p><mod>In section 76 of the Companies Act 2006 (misleading indication of activities), in subsection (1), for “be likely to cause harm to the public” substitute <quotedText>“pose a risk of harm to the public in the United Kingdom or elsewhere”</quotedText>.</mod></p></content></section><section eId="section-17"><num>17</num><heading>Direction to change name used for criminal purposes</heading><subsection eId="section-17-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-17-2"><num>(2)</num><content><p><mod>Before section 75 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Provision of misleading information</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-17-3"><num>(3)</num><content><p><mod>Before section 76 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Misleading indication of activities and names used for criminal purposes</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-17-4"><num>(4)</num><content><p><mod>After section 76 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e1828"><num>76A</num><heading>Power to direct change of name used for criminal purposes</heading><subsection eId="d28e1832"><num>(1)</num><intro><p>The Secretary of State may direct a company to change its name if it appears to the Secretary of State that the name has been used, or is intended to be used, by the company to facilitate—</p></intro><level class="para1"><num>(a)</num><content><p>the commission of an offence involving dishonesty or deception, or</p></content></level><level class="para1"><num>(b)</num><content><p>the carrying out of conduct that, if carried out in any part of the United Kingdom, would amount to such an offence.</p></content></level></subsection><subsection><num>(2)</num><content><p>The direction must be in writing and must specify the period within which the company is to change its name.</p></content></subsection><subsection><num>(3)</num><content><p>The period must be a period of at least 28 days beginning with the date of the direction.</p></content></subsection><subsection eId="d28e1862"><num>(4)</num><content><p>The Secretary of State may by further direction in writing extend the period.</p><p>Any such direction must be given before the end of the period for the time being specified.</p></content></subsection><subsection eId="d28e1871"><num>(5)</num><content><p>A company may apply to the court to set aside a direction under subsection <ref href="#d28e1832">(1)</ref>.</p></content></subsection><subsection><num>(6)</num><content><p>Any application under subsection <ref href="#d28e1871">(5)</ref> must be made within the period of three weeks beginning with the date of the direction.</p></content></subsection><subsection eId="d28e1889"><num>(7)</num><content><p>On an application under subsection <ref href="#d28e1871">(5)</ref> the court may set the direction aside or confirm it.</p></content></subsection><subsection><num>(8)</num><content><p>If on an application under subsection <ref href="#d28e1871">(5)</ref> the direction is confirmed, the court must specify the period within which the direction is to be complied with.</p></content></subsection><subsection eId="d28e1907"><num>(9)</num><content><p>Where a direction is given under subsection <ref href="#d28e1832">(1)</ref>, the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the direction relates.</p></content></subsection><subsection><num>(10)</num><content><p>If a company applies to the court under subsection <ref href="#d28e1871">(5)</ref> to set aside a direction, the company is not required to comply with the direction while the proceedings are ongoing.</p></content></subsection><subsection><num>(11)</num><intro><p>If a company fails to comply with a direction under subsection <ref href="#d28e1832">(1)</ref>, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level><wrapUp><p>For this purpose a shadow director is treated as an officer of the company.</p></wrapUp></subsection><subsection><num>(12)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-17-5"><num>(5)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph (f) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e1963"><num>(g)</num><content><p>section <ref href="#d28e1828">76A</ref> (power to direct change of name used for criminal purposes);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-18"><num>18</num><heading>Direction to change name wrongly registered</heading><subsection eId="section-18-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-18-2"><num>(2)</num><content><p><mod>After section <ref href="#d28e1828">76A</ref> (inserted by section 17 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Direction to change name wrongly registered</heading><section eId="d28e2006"><num>76B</num><heading>Direction to change name wrongly registered</heading><subsection eId="d28e2010"><num>(1)</num><intro><p>The Secretary of State may direct a company to change its name if—</p></intro><level class="para1"><num>(a)</num><content><p>it appears to the Secretary of State that the company’s registration by that name was in contravention of any requirement imposed by this Part, or</p></content></level><level class="para1" eId="d28e2022"><num>(b)</num><content><p>the Secretary of State did not, at the time at which the name was registered, form the opinion mentioned in section 53, <ref href="#d28e1151">56A</ref> or <ref href="#d28e1215">57A</ref>, but had proper grounds for doing so.</p></content></level></subsection><subsection><num>(2)</num><content><p>The direction must be in writing and must specify the period within which the company is to change its name.</p></content></subsection><subsection><num>(3)</num><content><p>The period must be a period of at least 28 days beginning with the date of the direction.</p></content></subsection><subsection eId="d28e2046"><num>(4)</num><content><p>The Secretary of State may by further direction in writing extend the period.</p><p>Any such direction must be given before the end of the period for the time being specified.</p></content></subsection><subsection eId="d28e2055"><num>(5)</num><content><p>A company may apply to the court to set aside a direction under subsection <ref href="#d28e2010">(1)</ref>.</p></content></subsection><subsection><num>(6)</num><content><p>Any application under subsection <ref href="#d28e2055">(5)</ref> must be made within the period of three weeks beginning with the date of the direction.</p></content></subsection><subsection eId="d28e2073"><num>(7)</num><content><p>On an application under subsection <ref href="#d28e2055">(5)</ref> the court may set the direction aside or confirm it.</p></content></subsection><subsection><num>(8)</num><content><p>If on an application under subsection <ref href="#d28e2055">(5)</ref> the direction is confirmed, the court must specify the period within which the direction is to be complied with.</p></content></subsection><subsection eId="d28e2091"><num>(9)</num><content><p>Where a direction is given under subsection <ref href="#d28e2010">(1)</ref>, the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the direction relates.</p></content></subsection><subsection><num>(10)</num><content><p>If a company applies to the court under subsection <ref href="#d28e2055">(5)</ref> to set aside a direction, the company is not required to comply with the direction while the proceedings are ongoing.</p></content></subsection><subsection><num>(11)</num><intro><p>If a company fails to comply with a direction under subsection <ref href="#d28e2010">(1)</ref>, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level><wrapUp><p>For this purpose a shadow director is treated as an officer of the company.</p></wrapUp></subsection><subsection><num>(12)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-18-3"><num>(3)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph (g) (inserted by section 17 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e2147"><num>(h)</num><content><p>section <ref href="#d28e2006">76B</ref> (direction to change name wrongly registered);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-19"><num>19</num><heading>Registrar’s power to change names containing computer code</heading><subsection eId="section-19-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows</p></content></subsection><subsection eId="section-19-2"><num>(2)</num><content><p><mod>In the heading of Chapter 4 of Part 5, after “Secretary of State” insert <quotedText>“and the registrar”</quotedText>.</mod></p></content></subsection><subsection eId="section-19-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e2006">76B</ref> (inserted by section 18 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Registrar’s powers to change names</heading><section eId="d28e2198"><num>76C</num><heading>Registrar’s power to change name containing computer code</heading><subsection eId="d28e2202"><num>(1)</num><intro><p>Where, in the opinion of the registrar, a company’s registered name consists of or includes computer code, the registrar may—</p></intro><level class="para1"><num>(a)</num><content><p>determine a new name for the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>remove from the register any reference to the company’s old name.</p></content></level></subsection><subsection><num>(2)</num><intro><p>If the registrar determines a new name for a company under this section, the registrar must—</p></intro><level class="para1"><num>(a)</num><content><p>give the company notice of the determination, and</p></content></level><level class="para1"><num>(b)</num><content><p>place a note of the determination in the register.</p></content></level></subsection><subsection><num>(3)</num><intro><p>Where a company is given a direction under section <ref href="#d28e2006">76B</ref> to change its name—</p></intro><level class="para1"><num>(a)</num><content><p>that does not affect the registrar’s power to act under subsection <ref href="#d28e2202">(1)</ref>, but</p></content></level><level class="para1"><num>(b)</num><content><p>if the registrar does so, the direction lapses.</p></content></level></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-19-4"><num>(4)</num><content><p><mod>In section 1081 (annotation of the register), in subsection (6), after “subsection (2)” insert <quotedText>“or of any other enactment”</quotedText>.</mod></p></content></subsection></section><section eId="section-20"><num>20</num><heading>Registrar’s power to change company’s name for breach of direction</heading><content><p><mod>After section <ref href="#d28e2198">76C</ref> of the Companies Act 2006 (inserted by section 19 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e2289"><num>76D</num><heading>Registrar’s power to change name for failure to comply with direction</heading><subsection><num>(1)</num><content><p>Where a company fails to comply with a direction to change its name, the registrar may determine a new name for the company.</p></content></subsection><subsection><num>(2)</num><content><p>The reference in subsection <ref href="#d28e2010">(1)</ref> to a direction to change a company’s name is to a direction under section 64, 67, 75, 76, <ref href="#d28e1828">76A</ref> or <ref href="#d28e2006">76B</ref>.</p></content></subsection><subsection><num>(3)</num><intro><p>If the registrar determines a new name for a company under this section, the registrar must—</p></intro><level class="para1"><num>(a)</num><content><p>give the company notice of the determination, and</p></content></level><level class="para1"><num>(b)</num><content><p>place a note of the determination in the register.</p></content></level></subsection></section></quotedStructure></mod></p></content></section><section eId="section-21"><num>21</num><heading>Sections 19 and 20: consequential amendments</heading><subsection eId="section-21-1"><num>(1)</num><content><p><mod>In section 80 (change of name: registration and issue of new certificate of incorporation), for subsections (1) and (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>This section applies where—</p></intro><level class="para1"><num>(a)</num><intro><p>the registrar receives notice of a change of a company’s name and is satisfied—</p></intro><level class="para2"><num>(i)</num><content><p>that the new name complies with the requirements of this Part, and</p></content></level><level class="para2"><num>(ii)</num><content><p>that the requirements of the Companies Acts, and any relevant requirements of the company’s articles, with respect to a change of name are complied with, or</p></content></level></level><level class="para1"><num>(b)</num><content><p>the registrar determines a new name for a company under section <ref href="#d28e2198">76C</ref> or <ref href="#d28e2289">76D</ref>.</p></content></level></subsection><subsection><num>(2)</num><content><p>The registrar must enter the new name on the register in place of the former name.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-21-2"><num>(2)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph <ref href="#d28e2147">(h)</ref> (inserted by section 18 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(i)</num><content><p>section <ref href="#d28e2198">76C</ref> (registrar’s power to change name containing computer code);</p></content></level><level class="para1" eId="d28e2409"><num>(j)</num><content><p>section <ref href="#d28e2289">76D</ref> (registrar’s power to change name for failure to comply with direction).</p></content></level></quotedStructure></mod></p></content></subsection></section><section eId="section-22"><num>22</num><heading>Company names: exceptions based on national security etc</heading><content><p><mod>After section <ref href="#d28e2289">76D</ref> of the Companies Act 2006 (inserted by section 20 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><chapter><num>CHAPTER 4A</num><heading>Exceptions</heading><section><num>76E</num><heading>Exceptions based on national security etc</heading><subsection><num>(1)</num><intro><p>Nothing in this Part prevents the registration of a company under this Act by a name if the Secretary of State is satisfied that the registration of the company by that name is necessary—</p></intro><level class="para1"><num>(a)</num><content><p>in the interests of national security, or</p></content></level><level class="para1" eId="d28e2457"><num>(b)</num><content><p>for the purposes of preventing or detecting serious crime.</p></content></level></subsection><subsection eId="d28e2463"><num>(2)</num><intro><p>For the purposes of subsection <ref href="#d28e2457">(1)(b)</ref>—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-crime">crime</term>” means conduct which—</p></intro><level class="para2"><num>(i)</num><content><p>constitutes a criminal offence, or</p></content></level><level class="para2"><num>(ii)</num><content><p>is, or corresponds to, any conduct which, if it all took place in any one part of the United Kingdom, would constitute a criminal offence, and</p></content></level></level><level class="para1"><num>(b)</num><intro><p>crime is “serious” if—</p></intro><level class="para2"><num>(i)</num><content><p>the offence which is or would be constituted by the conduct is an offence for which the maximum sentence (in any part of the United Kingdom) is imprisonment for 3 years or more, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the conduct involves the use of violence, results in substantial financial gain or is conduct by a large number of persons in pursuit of a common purpose.</p></content></level></level></subsection></section></chapter></quotedStructure></mod></p></content></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-8"><num>8</num><heading>Names for criminal purposes</heading><subsection eId="section-8-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-8-2"><num>(2)</num><content><p><mod>After section 53 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e1090"><num>53A</num><heading>Names for criminal purposes</heading><intro><p>A company must not be registered under this Act by a name if, in the opinion of the Secretary of State, the registration of the company by that name is intended to facilitate—</p></intro><level class="para1"><num>(a)</num><content><p>the commission of an offence involving dishonesty or deception, or</p></content></level><level class="para1"><num>(b)</num><content><p>the carrying out of conduct that, if carried out in any part of the United Kingdom, would amount to such an offence.</p></content></level></section></quotedStructure></mod></p></content></subsection><subsection eId="section-8-3"><num>(3)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>section <ref href="#d28e1090">53A</ref> (names for criminal purposes);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-8-2"><num>(2)</num><content><p><mod>After section 53 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e1090"><num>53A</num><heading>Names for criminal purposes</heading><intro><p>A company must not be registered under this Act by a name if, in the opinion of the Secretary of State, the registration of the company by that name is intended to facilitate—</p></intro><level class="para1"><num>(a)</num><content><p>the commission of an offence involving dishonesty or deception, or</p></content></level><level class="para1"><num>(b)</num><content><p>the carrying out of conduct that, if carried out in any part of the United Kingdom, would amount to such an offence.</p></content></level></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-8-3"><num>(3)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>section <ref href="#d28e1090">53A</ref> (names for criminal purposes);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-9"><num>9</num><heading>Names suggesting connection with foreign governments etc</heading><subsection eId="section-9-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-9-2"><num>(2)</num><content><p><mod>After section 56 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e1151"><num>56A</num><heading>Names suggesting connection with foreign governments etc</heading><intro><p>A company must not be registered under this Act by a name that, in the opinion of the Secretary of State, would be likely to give the false impression that the company is connected with—</p></intro><level class="para1"><num>(a)</num><content><p>a foreign government or an agency or authority of a foreign government, or</p></content></level><level class="para1"><num>(b)</num><content><p>an international organisation whose members include two or more countries or territories (or their governments).</p></content></level></section></quotedStructure></mod></p></content></subsection><subsection eId="section-9-3"><num>(3)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bza)</num><content><p>section <ref href="#d28e1151">56A</ref> (names suggesting connection with foreign governments etc);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-9-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-9-2"><num>(2)</num><content><p><mod>After section 56 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e1151"><num>56A</num><heading>Names suggesting connection with foreign governments etc</heading><intro><p>A company must not be registered under this Act by a name that, in the opinion of the Secretary of State, would be likely to give the false impression that the company is connected with—</p></intro><level class="para1"><num>(a)</num><content><p>a foreign government or an agency or authority of a foreign government, or</p></content></level><level class="para1"><num>(b)</num><content><p>an international organisation whose members include two or more countries or territories (or their governments).</p></content></level></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-9-3"><num>(3)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bza)</num><content><p>section <ref href="#d28e1151">56A</ref> (names suggesting connection with foreign governments etc);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-10"><num>10</num><heading>Names containing computer code</heading><subsection eId="section-10-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-10-2"><num>(2)</num><content><p><mod>After section 57 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Computer code</heading><section eId="d28e1215"><num>57A</num><heading>Names containing computer code</heading><content><p>A company must not be registered under this Act by a name that, in the opinion of the Secretary of State, consists of or includes computer code.</p></content></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-10-3"><num>(3)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph (ba) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e1228"><num>(bb)</num><content><p>section <ref href="#d28e1215">57A</ref> (names containing computer code);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-10-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-10-2"><num>(2)</num><content><p><mod>After section 57 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Computer code</heading><section eId="d28e1215"><num>57A</num><heading>Names containing computer code</heading><content><p>A company must not be registered under this Act by a name that, in the opinion of the Secretary of State, consists of or includes computer code.</p></content></section></hcontainer></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-10-3"><num>(3)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph (ba) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e1228"><num>(bb)</num><content><p>section <ref href="#d28e1215">57A</ref> (names containing computer code);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-11"><num>11</num><heading>Prohibition on re-registering name following direction</heading><subsection eId="section-11-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-11-2"><num>(2)</num><content><p><mod>After section <ref href="#d28e1215">57A</ref> (inserted by section 10 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Prohibitions where a company has been required to change a name</heading><section eId="d28e1270"><num>57B</num><heading>Prohibition on re-registering name following direction</heading><subsection eId="d28e1274"><num>(1)</num><content><p>Where a company’s name has at any time been changed following a direction under section 67, 75, 76, 76A or <ref href="#d28e2006">76B</ref>, or an order under section 73, the company must not subsequently be registered under this Act by the original name or a name that is similar to it.</p></content></subsection><subsection><num>(2)</num><content><p>But subsection <ref href="#d28e1274">(1)</ref> does not prevent the registration of the company by any name approved by the Secretary of State.</p></content></subsection><subsection><num>(3)</num><intro><p>In subsection <ref href="#d28e1274">(1)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>the reference to the name of a company being changed following a direction under a particular section includes a case where a new name is determined for the company under section <ref href="#d28e2289">76D</ref> because of its failure to comply with the direction;</p></content></level><level class="para1"><num>(b)</num><content><p>the reference to the name of a company being changed following an order under section 73 includes a case where a new name is determined for the company under section 73(4) because of its failure to comply with an order.</p></content></level></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-11-3"><num>(3)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph <ref href="#d28e1228">(bb)</ref> (inserted by section 10 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e1326"><num>(bc)</num><content><p>section <ref href="#d28e1270">57B</ref> (restriction on re-registering name following direction).</p></content></level></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-11-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-11-2"><num>(2)</num><content><p><mod>After section <ref href="#d28e1215">57A</ref> (inserted by section 10 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Prohibitions where a company has been required to change a name</heading><section eId="d28e1270"><num>57B</num><heading>Prohibition on re-registering name following direction</heading><subsection eId="d28e1274"><num>(1)</num><content><p>Where a company’s name has at any time been changed following a direction under section 67, 75, 76, 76A or <ref href="#d28e2006">76B</ref>, or an order under section 73, the company must not subsequently be registered under this Act by the original name or a name that is similar to it.</p></content></subsection><subsection><num>(2)</num><content><p>But subsection <ref href="#d28e1274">(1)</ref> does not prevent the registration of the company by any name approved by the Secretary of State.</p></content></subsection><subsection><num>(3)</num><intro><p>In subsection <ref href="#d28e1274">(1)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>the reference to the name of a company being changed following a direction under a particular section includes a case where a new name is determined for the company under section <ref href="#d28e2289">76D</ref> because of its failure to comply with the direction;</p></content></level><level class="para1"><num>(b)</num><content><p>the reference to the name of a company being changed following an order under section 73 includes a case where a new name is determined for the company under section 73(4) because of its failure to comply with an order.</p></content></level></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-11-3"><num>(3)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph <ref href="#d28e1228">(bb)</ref> (inserted by section 10 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e1326"><num>(bc)</num><content><p>section <ref href="#d28e1270">57B</ref> (restriction on re-registering name following direction).</p></content></level></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-12"><num>12</num><heading>Prohibition on using name that another company has been directed to change</heading><subsection eId="section-12-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-12-2"><num>(2)</num><content><p><mod>After section <ref href="#d28e1270">57B</ref> (inserted by section 11 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e1363"><num>57C</num><heading>Name that another company has been directed to change</heading><subsection eId="d28e1367"><num>(1)</num><intro><p>Where a company has at any time been directed under section 67, 75, 76, 76A or <ref href="#d28e2006">76B</ref>, or ordered under section 73, to change its name, no other company may be registered under this Act by that name or a name that is similar if—</p></intro><level class="para1"><num>(a)</num><content><p>that company is an existing company and there is a person who has, or has had, a relevant relationship with both companies, or</p></content></level><level class="para1"><num>(b)</num><content><p>an application has been made for the registration of that company and, if it is registered, there will on its incorporation be a person who has, or has had, a relevant relationship with both companies.</p></content></level></subsection><subsection><num>(2)</num><content><p>But subsection <ref href="#d28e1367">(1)</ref> does not prevent the registration of the company by any name approved by the Secretary of State.</p></content></subsection><subsection><num>(3)</num><content><p>For the purposes of subsection <ref href="#d28e1367">(1)</ref> it is irrelevant whether the person has, or has had, a relevant relationship with both companies at the same time.</p></content></subsection><subsection><num>(4)</num><intro><p>For the purposes of this section a person has a “relevant relationship” with a company if the person is—</p></intro><level class="para1"><num>(a)</num><content><p>an officer, or</p></content></level><level class="para1"><num>(b)</num><content><p>a member or former member.</p></content></level></subsection><subsection><num>(5)</num><intro><p>In subsection <ref href="#d28e1367">(1)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>the reference to the name of a company being changed following a direction under a particular section includes a case where a new name is determined for the company under section <ref href="#d28e2289">76D</ref> because of its failure to comply with the direction;</p></content></level><level class="para1"><num>(b)</num><content><p>the reference to the name of a company being changed following an order under section 73 includes a case where a new name is determined for the company under section 73(4) because of its failure to comply with an order.</p></content></level></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-12-3"><num>(3)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph <ref href="#d28e1326">(bc)</ref> (inserted by section 11 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bd)</num><content><p>section <ref href="#d28e1363">57C</ref> (names that another company has been directed to change);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-12-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-12-2"><num>(2)</num><content><p><mod>After section <ref href="#d28e1270">57B</ref> (inserted by section 11 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e1363"><num>57C</num><heading>Name that another company has been directed to change</heading><subsection eId="d28e1367"><num>(1)</num><intro><p>Where a company has at any time been directed under section 67, 75, 76, 76A or <ref href="#d28e2006">76B</ref>, or ordered under section 73, to change its name, no other company may be registered under this Act by that name or a name that is similar if—</p></intro><level class="para1"><num>(a)</num><content><p>that company is an existing company and there is a person who has, or has had, a relevant relationship with both companies, or</p></content></level><level class="para1"><num>(b)</num><content><p>an application has been made for the registration of that company and, if it is registered, there will on its incorporation be a person who has, or has had, a relevant relationship with both companies.</p></content></level></subsection><subsection><num>(2)</num><content><p>But subsection <ref href="#d28e1367">(1)</ref> does not prevent the registration of the company by any name approved by the Secretary of State.</p></content></subsection><subsection><num>(3)</num><content><p>For the purposes of subsection <ref href="#d28e1367">(1)</ref> it is irrelevant whether the person has, or has had, a relevant relationship with both companies at the same time.</p></content></subsection><subsection><num>(4)</num><intro><p>For the purposes of this section a person has a “relevant relationship” with a company if the person is—</p></intro><level class="para1"><num>(a)</num><content><p>an officer, or</p></content></level><level class="para1"><num>(b)</num><content><p>a member or former member.</p></content></level></subsection><subsection><num>(5)</num><intro><p>In subsection <ref href="#d28e1367">(1)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>the reference to the name of a company being changed following a direction under a particular section includes a case where a new name is determined for the company under section <ref href="#d28e2289">76D</ref> because of its failure to comply with the direction;</p></content></level><level class="para1"><num>(b)</num><content><p>the reference to the name of a company being changed following an order under section 73 includes a case where a new name is determined for the company under section 73(4) because of its failure to comply with an order.</p></content></level></subsection></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-12-3"><num>(3)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph <ref href="#d28e1326">(bc)</ref> (inserted by section 11 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bd)</num><content><p>section <ref href="#d28e1363">57C</ref> (names that another company has been directed to change);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-13"><num>13</num><heading>Directions to change name: period for compliance</heading><subsection eId="section-13-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows</p></content></subsection><subsection eId="section-13-2"><num>(2)</num><content><p><mod>In section 64 (power to direct change of name in case of company ceasing to be entitled to exemption), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>The period must be a period of at least 28 days beginning with the date of the direction.</p></content></subsection><subsection><num>(2B)</num><content><p>The Secretary of State may by further direction in writing extend the period.</p><p>Any such direction must be given before the end of the period for the time being specified.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-13-3"><num>(3)</num><content><p><mod>In section 68 (direction to change name in case of similarity to existing name: supplementary provisions), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>The period must be a period of at least 28 days beginning with the date of the direction.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-13-4"><num>(4)</num><content><p><mod>In section 75 (provision of misleading information etc), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>The period must be at least 28 days beginning with the date of the direction.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-13-5"><num>(5)</num><intro><p>In section 76 (misleading indication of activities)—</p></intro><level class="para1" eId="section-13-5-a"><num>(a)</num><content><p><mod>for subsections (2) and (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><content><p>The direction must be in writing and must specify the period within which the company is to change its name.</p></content></subsection><subsection><num>(3)</num><content><p>The period must be a period of at least 28 days beginning with the date of the direction.</p></content></subsection><subsection><num>(3A)</num><content><p>The Secretary of State may by further direction in writing extend the period.</p><p>Any such direction must be given before the end of the period for the time being specified.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-13-5-b"><num>(b)</num><content><p><mod>for subsection (4) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e1575"><num>(4)</num><content><p>A company may apply to the court to set aside a direction under subsection (1).</p></content></subsection><subsection><num>(4A)</num><content><p>Any application under subsection <ref href="#d28e1575">(4)</ref> must be made within the period of three weeks beginning with the date of the direction.</p></content></subsection></quotedStructure></mod></p></content></level><level class="para1" eId="section-13-5-c"><num>(c)</num><content><p><mod>after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5A)</num><content><p>If a company applies to the court under subsection (4) to set aside a direction, it is not required to comply with the direction while the proceedings are ongoing.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-13-5-d"><num>(d)</num><content><p><mod>in subsection (6), for “this section” substitute <quotedText>“subsection (1)”</quotedText>.</mod></p></content></level></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-13-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-13-2"><num>(2)</num><content><p><mod>In section 64 (power to direct change of name in case of company ceasing to be entitled to exemption), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>The period must be a period of at least 28 days beginning with the date of the direction.</p></content></subsection><subsection><num>(2B)</num><content><p>The Secretary of State may by further direction in writing extend the period.</p><p>Any such direction must be given before the end of the period for the time being specified.</p></content></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-13-3"><num>(3)</num><content><p><mod>In section 68 (direction to change name in case of similarity to existing name: supplementary provisions), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>The period must be a period of at least 28 days beginning with the date of the direction.</p></content></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-13-4"><num>(4)</num><content><p><mod>In section 75 (provision of misleading information etc), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>The period must be at least 28 days beginning with the date of the direction.</p></content></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-13-5"><num>(5)</num><intro><p>In section 76 (misleading indication of activities)—</p></intro><level class="para1" eId="section-13-5-a"><num>(a)</num><content><p><mod>for subsections (2) and (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><content><p>The direction must be in writing and must specify the period within which the company is to change its name.</p></content></subsection><subsection><num>(3)</num><content><p>The period must be a period of at least 28 days beginning with the date of the direction.</p></content></subsection><subsection><num>(3A)</num><content><p>The Secretary of State may by further direction in writing extend the period.</p><p>Any such direction must be given before the end of the period for the time being specified.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-13-5-b"><num>(b)</num><content><p><mod>for subsection (4) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e1575"><num>(4)</num><content><p>A company may apply to the court to set aside a direction under subsection (1).</p></content></subsection><subsection><num>(4A)</num><content><p>Any application under subsection <ref href="#d28e1575">(4)</ref> must be made within the period of three weeks beginning with the date of the direction.</p></content></subsection></quotedStructure></mod></p></content></level><level class="para1" eId="section-13-5-c"><num>(c)</num><content><p><mod>after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5A)</num><content><p>If a company applies to the court under subsection (4) to set aside a direction, it is not required to comply with the direction while the proceedings are ongoing.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-13-5-d"><num>(d)</num><content><p><mod>in subsection (6), for “this section” substitute <quotedText>“subsection (1)”</quotedText>.</mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-13-5-a"><num>(a)</num><content><p><mod>for subsections (2) and (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><content><p>The direction must be in writing and must specify the period within which the company is to change its name.</p></content></subsection><subsection><num>(3)</num><content><p>The period must be a period of at least 28 days beginning with the date of the direction.</p></content></subsection><subsection><num>(3A)</num><content><p>The Secretary of State may by further direction in writing extend the period.</p><p>Any such direction must be given before the end of the period for the time being specified.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-13-5-b"><num>(b)</num><content><p><mod>for subsection (4) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e1575"><num>(4)</num><content><p>A company may apply to the court to set aside a direction under subsection (1).</p></content></subsection><subsection><num>(4A)</num><content><p>Any application under subsection <ref href="#d28e1575">(4)</ref> must be made within the period of three weeks beginning with the date of the direction.</p></content></subsection></quotedStructure></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-13-5-c"><num>(c)</num><content><p><mod>after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5A)</num><content><p>If a company applies to the court under subsection (4) to set aside a direction, it is not required to comply with the direction while the proceedings are ongoing.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-13-5-d"><num>(d)</num><content><p><mod>in subsection (6), for “this section” substitute <quotedText>“subsection (1)”</quotedText>.</mod></p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-14"><num>14</num><heading>Requirements to change name: removal of old name from public inspection</heading><subsection eId="section-14-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-14-2"><num>(2)</num><content><p><mod>In section 64 (company ceasing to be entitled to exemption in relation to use of “limited” etc), after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e1636"><num>(6A)</num><content><p>Where a direction is given under subsection (1), the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the direction relates.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-14-3"><num>(3)</num><content><p><mod>In section 67 (power to direct change of name in case of similarity to existing name), after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e1649"><num>(1A)</num><content><p>Where a direction is given under subsection (1), the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the direction relates (so far as it relates to the company to which the direction is given).</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-14-4"><num>(4)</num><content><p><mod>In section 73 (order requiring name to be changed), after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e1662"><num>(7)</num><content><p>Where an order is made under subsection (1), the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the order relates.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-14-5"><num>(5)</num><content><p><mod>In section 75 (provision of misleading information), after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e1675"><num>(4A)</num><content><p>Where a direction is given under subsection (1), the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the direction relates.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-14-6"><num>(6)</num><content><p><mod>In section 76 (misleading indication of activities), after subsection (5A) (inserted by section 13 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e1688"><num>(5B)</num><content><p>Where a direction is given under subsection (1), the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the direction relates.</p></content></subsection></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-14-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-14-2"><num>(2)</num><content><p><mod>In section 64 (company ceasing to be entitled to exemption in relation to use of “limited” etc), after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e1636"><num>(6A)</num><content><p>Where a direction is given under subsection (1), the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the direction relates.</p></content></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-14-3"><num>(3)</num><content><p><mod>In section 67 (power to direct change of name in case of similarity to existing name), after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e1649"><num>(1A)</num><content><p>Where a direction is given under subsection (1), the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the direction relates (so far as it relates to the company to which the direction is given).</p></content></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-14-4"><num>(4)</num><content><p><mod>In section 73 (order requiring name to be changed), after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e1662"><num>(7)</num><content><p>Where an order is made under subsection (1), the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the order relates.</p></content></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-14-5"><num>(5)</num><content><p><mod>In section 75 (provision of misleading information), after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e1675"><num>(4A)</num><content><p>Where a direction is given under subsection (1), the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the direction relates.</p></content></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-14-6"><num>(6)</num><content><p><mod>In section 76 (misleading indication of activities), after subsection (5A) (inserted by section 13 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e1688"><num>(5B)</num><content><p>Where a direction is given under subsection (1), the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the direction relates.</p></content></subsection></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15"><num>15</num><heading>Objections to company’s registered name</heading><subsection eId="section-15-1"><num>(1)</num><content><p>Section 69 of the Companies Act 2006 (objection to company’s registered name) is amended as follows.</p></content></subsection><subsection eId="section-15-2"><num>(2)</num><intro><p>In subsection (1)(b)—</p></intro><level class="para1" eId="section-15-2-a"><num>(a)</num><content><p><mod>after “in the United Kingdom” insert <quotedText>“or elsewhere”</quotedText>;</mod></p></content></level><level class="para1" eId="section-15-2-b"><num>(b)</num><content><p><mod>after “mislead” insert <quotedText>“members of the public in the United Kingdom or elsewhere”</quotedText>.</mod></p></content></level></subsection><subsection eId="section-15-3"><num>(3)</num><intro><p><mod>In subsection (3), for the second sentence substitute <quotedText>“Any of the following may be joined as respondents—</quotedText></mod></p></intro><level class="para1" eId="section-15-3-a"><num>(a)</num><content><p>any member or person who was a member at the time at which the name was registered;</p></content></level><level class="para1" eId="section-15-3-b"><num>(b)</num><content><p>any director or person who was a director at the time at which the name was registered.”</p></content></level></subsection><subsection eId="section-15-4"><num>(4)</num><content><p>In subsection (4), omit paragraph (b) (and the “or” at the end of that paragraph).</p></content></subsection><subsection eId="section-15-5"><num>(5)</num><content><p>In subsection (5), omit “, (b)”.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-1"><num>(1)</num><content><p>Section 69 of the Companies Act 2006 (objection to company’s registered name) is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-2"><num>(2)</num><intro><p>In subsection (1)(b)—</p></intro><level class="para1" eId="section-15-2-a"><num>(a)</num><content><p><mod>after “in the United Kingdom” insert <quotedText>“or elsewhere”</quotedText>;</mod></p></content></level><level class="para1" eId="section-15-2-b"><num>(b)</num><content><p><mod>after “mislead” insert <quotedText>“members of the public in the United Kingdom or elsewhere”</quotedText>.</mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-2-a"><num>(a)</num><content><p><mod>after “in the United Kingdom” insert <quotedText>“or elsewhere”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-2-b"><num>(b)</num><content><p><mod>after “mislead” insert <quotedText>“members of the public in the United Kingdom or elsewhere”</quotedText>.</mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-3"><num>(3)</num><intro><p><mod>In subsection (3), for the second sentence substitute <quotedText>“Any of the following may be joined as respondents—</quotedText></mod></p></intro><level class="para1" eId="section-15-3-a"><num>(a)</num><content><p>any member or person who was a member at the time at which the name was registered;</p></content></level><level class="para1" eId="section-15-3-b"><num>(b)</num><content><p>any director or person who was a director at the time at which the name was registered.”</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-3-a"><num>(a)</num><content><p>any member or person who was a member at the time at which the name was registered;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-3-b"><num>(b)</num><content><p>any director or person who was a director at the time at which the name was registered.”</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-4"><num>(4)</num><content><p>In subsection (4), omit paragraph (b) (and the “or” at the end of that paragraph).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-5"><num>(5)</num><content><p>In subsection (5), omit “, (b)”.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16"><num>16</num><heading>Misleading indication of activities</heading><content><p><mod>In section 76 of the Companies Act 2006 (misleading indication of activities), in subsection (1), for “be likely to cause harm to the public” substitute <quotedText>“pose a risk of harm to the public in the United Kingdom or elsewhere”</quotedText>.</mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-17"><num>17</num><heading>Direction to change name used for criminal purposes</heading><subsection eId="section-17-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-17-2"><num>(2)</num><content><p><mod>Before section 75 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Provision of misleading information</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-17-3"><num>(3)</num><content><p><mod>Before section 76 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Misleading indication of activities and names used for criminal purposes</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-17-4"><num>(4)</num><content><p><mod>After section 76 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e1828"><num>76A</num><heading>Power to direct change of name used for criminal purposes</heading><subsection eId="d28e1832"><num>(1)</num><intro><p>The Secretary of State may direct a company to change its name if it appears to the Secretary of State that the name has been used, or is intended to be used, by the company to facilitate—</p></intro><level class="para1"><num>(a)</num><content><p>the commission of an offence involving dishonesty or deception, or</p></content></level><level class="para1"><num>(b)</num><content><p>the carrying out of conduct that, if carried out in any part of the United Kingdom, would amount to such an offence.</p></content></level></subsection><subsection><num>(2)</num><content><p>The direction must be in writing and must specify the period within which the company is to change its name.</p></content></subsection><subsection><num>(3)</num><content><p>The period must be a period of at least 28 days beginning with the date of the direction.</p></content></subsection><subsection eId="d28e1862"><num>(4)</num><content><p>The Secretary of State may by further direction in writing extend the period.</p><p>Any such direction must be given before the end of the period for the time being specified.</p></content></subsection><subsection eId="d28e1871"><num>(5)</num><content><p>A company may apply to the court to set aside a direction under subsection <ref href="#d28e1832">(1)</ref>.</p></content></subsection><subsection><num>(6)</num><content><p>Any application under subsection <ref href="#d28e1871">(5)</ref> must be made within the period of three weeks beginning with the date of the direction.</p></content></subsection><subsection eId="d28e1889"><num>(7)</num><content><p>On an application under subsection <ref href="#d28e1871">(5)</ref> the court may set the direction aside or confirm it.</p></content></subsection><subsection><num>(8)</num><content><p>If on an application under subsection <ref href="#d28e1871">(5)</ref> the direction is confirmed, the court must specify the period within which the direction is to be complied with.</p></content></subsection><subsection eId="d28e1907"><num>(9)</num><content><p>Where a direction is given under subsection <ref href="#d28e1832">(1)</ref>, the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the direction relates.</p></content></subsection><subsection><num>(10)</num><content><p>If a company applies to the court under subsection <ref href="#d28e1871">(5)</ref> to set aside a direction, the company is not required to comply with the direction while the proceedings are ongoing.</p></content></subsection><subsection><num>(11)</num><intro><p>If a company fails to comply with a direction under subsection <ref href="#d28e1832">(1)</ref>, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level><wrapUp><p>For this purpose a shadow director is treated as an officer of the company.</p></wrapUp></subsection><subsection><num>(12)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-17-5"><num>(5)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph (f) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e1963"><num>(g)</num><content><p>section <ref href="#d28e1828">76A</ref> (power to direct change of name used for criminal purposes);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-17-2"><num>(2)</num><content><p><mod>Before section 75 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Provision of misleading information</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-17-3"><num>(3)</num><content><p><mod>Before section 76 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Misleading indication of activities and names used for criminal purposes</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-17-4"><num>(4)</num><content><p><mod>After section 76 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e1828"><num>76A</num><heading>Power to direct change of name used for criminal purposes</heading><subsection eId="d28e1832"><num>(1)</num><intro><p>The Secretary of State may direct a company to change its name if it appears to the Secretary of State that the name has been used, or is intended to be used, by the company to facilitate—</p></intro><level class="para1"><num>(a)</num><content><p>the commission of an offence involving dishonesty or deception, or</p></content></level><level class="para1"><num>(b)</num><content><p>the carrying out of conduct that, if carried out in any part of the United Kingdom, would amount to such an offence.</p></content></level></subsection><subsection><num>(2)</num><content><p>The direction must be in writing and must specify the period within which the company is to change its name.</p></content></subsection><subsection><num>(3)</num><content><p>The period must be a period of at least 28 days beginning with the date of the direction.</p></content></subsection><subsection eId="d28e1862"><num>(4)</num><content><p>The Secretary of State may by further direction in writing extend the period.</p><p>Any such direction must be given before the end of the period for the time being specified.</p></content></subsection><subsection eId="d28e1871"><num>(5)</num><content><p>A company may apply to the court to set aside a direction under subsection <ref href="#d28e1832">(1)</ref>.</p></content></subsection><subsection><num>(6)</num><content><p>Any application under subsection <ref href="#d28e1871">(5)</ref> must be made within the period of three weeks beginning with the date of the direction.</p></content></subsection><subsection eId="d28e1889"><num>(7)</num><content><p>On an application under subsection <ref href="#d28e1871">(5)</ref> the court may set the direction aside or confirm it.</p></content></subsection><subsection><num>(8)</num><content><p>If on an application under subsection <ref href="#d28e1871">(5)</ref> the direction is confirmed, the court must specify the period within which the direction is to be complied with.</p></content></subsection><subsection eId="d28e1907"><num>(9)</num><content><p>Where a direction is given under subsection <ref href="#d28e1832">(1)</ref>, the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the direction relates.</p></content></subsection><subsection><num>(10)</num><content><p>If a company applies to the court under subsection <ref href="#d28e1871">(5)</ref> to set aside a direction, the company is not required to comply with the direction while the proceedings are ongoing.</p></content></subsection><subsection><num>(11)</num><intro><p>If a company fails to comply with a direction under subsection <ref href="#d28e1832">(1)</ref>, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level><wrapUp><p>For this purpose a shadow director is treated as an officer of the company.</p></wrapUp></subsection><subsection><num>(12)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-17-5"><num>(5)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph (f) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e1963"><num>(g)</num><content><p>section <ref href="#d28e1828">76A</ref> (power to direct change of name used for criminal purposes);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-18"><num>18</num><heading>Direction to change name wrongly registered</heading><subsection eId="section-18-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-18-2"><num>(2)</num><content><p><mod>After section <ref href="#d28e1828">76A</ref> (inserted by section 17 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Direction to change name wrongly registered</heading><section eId="d28e2006"><num>76B</num><heading>Direction to change name wrongly registered</heading><subsection eId="d28e2010"><num>(1)</num><intro><p>The Secretary of State may direct a company to change its name if—</p></intro><level class="para1"><num>(a)</num><content><p>it appears to the Secretary of State that the company’s registration by that name was in contravention of any requirement imposed by this Part, or</p></content></level><level class="para1" eId="d28e2022"><num>(b)</num><content><p>the Secretary of State did not, at the time at which the name was registered, form the opinion mentioned in section 53, <ref href="#d28e1151">56A</ref> or <ref href="#d28e1215">57A</ref>, but had proper grounds for doing so.</p></content></level></subsection><subsection><num>(2)</num><content><p>The direction must be in writing and must specify the period within which the company is to change its name.</p></content></subsection><subsection><num>(3)</num><content><p>The period must be a period of at least 28 days beginning with the date of the direction.</p></content></subsection><subsection eId="d28e2046"><num>(4)</num><content><p>The Secretary of State may by further direction in writing extend the period.</p><p>Any such direction must be given before the end of the period for the time being specified.</p></content></subsection><subsection eId="d28e2055"><num>(5)</num><content><p>A company may apply to the court to set aside a direction under subsection <ref href="#d28e2010">(1)</ref>.</p></content></subsection><subsection><num>(6)</num><content><p>Any application under subsection <ref href="#d28e2055">(5)</ref> must be made within the period of three weeks beginning with the date of the direction.</p></content></subsection><subsection eId="d28e2073"><num>(7)</num><content><p>On an application under subsection <ref href="#d28e2055">(5)</ref> the court may set the direction aside or confirm it.</p></content></subsection><subsection><num>(8)</num><content><p>If on an application under subsection <ref href="#d28e2055">(5)</ref> the direction is confirmed, the court must specify the period within which the direction is to be complied with.</p></content></subsection><subsection eId="d28e2091"><num>(9)</num><content><p>Where a direction is given under subsection <ref href="#d28e2010">(1)</ref>, the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the direction relates.</p></content></subsection><subsection><num>(10)</num><content><p>If a company applies to the court under subsection <ref href="#d28e2055">(5)</ref> to set aside a direction, the company is not required to comply with the direction while the proceedings are ongoing.</p></content></subsection><subsection><num>(11)</num><intro><p>If a company fails to comply with a direction under subsection <ref href="#d28e2010">(1)</ref>, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level><wrapUp><p>For this purpose a shadow director is treated as an officer of the company.</p></wrapUp></subsection><subsection><num>(12)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-18-3"><num>(3)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph (g) (inserted by section 17 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e2147"><num>(h)</num><content><p>section <ref href="#d28e2006">76B</ref> (direction to change name wrongly registered);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-18-2"><num>(2)</num><content><p><mod>After section <ref href="#d28e1828">76A</ref> (inserted by section 17 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Direction to change name wrongly registered</heading><section eId="d28e2006"><num>76B</num><heading>Direction to change name wrongly registered</heading><subsection eId="d28e2010"><num>(1)</num><intro><p>The Secretary of State may direct a company to change its name if—</p></intro><level class="para1"><num>(a)</num><content><p>it appears to the Secretary of State that the company’s registration by that name was in contravention of any requirement imposed by this Part, or</p></content></level><level class="para1" eId="d28e2022"><num>(b)</num><content><p>the Secretary of State did not, at the time at which the name was registered, form the opinion mentioned in section 53, <ref href="#d28e1151">56A</ref> or <ref href="#d28e1215">57A</ref>, but had proper grounds for doing so.</p></content></level></subsection><subsection><num>(2)</num><content><p>The direction must be in writing and must specify the period within which the company is to change its name.</p></content></subsection><subsection><num>(3)</num><content><p>The period must be a period of at least 28 days beginning with the date of the direction.</p></content></subsection><subsection eId="d28e2046"><num>(4)</num><content><p>The Secretary of State may by further direction in writing extend the period.</p><p>Any such direction must be given before the end of the period for the time being specified.</p></content></subsection><subsection eId="d28e2055"><num>(5)</num><content><p>A company may apply to the court to set aside a direction under subsection <ref href="#d28e2010">(1)</ref>.</p></content></subsection><subsection><num>(6)</num><content><p>Any application under subsection <ref href="#d28e2055">(5)</ref> must be made within the period of three weeks beginning with the date of the direction.</p></content></subsection><subsection eId="d28e2073"><num>(7)</num><content><p>On an application under subsection <ref href="#d28e2055">(5)</ref> the court may set the direction aside or confirm it.</p></content></subsection><subsection><num>(8)</num><content><p>If on an application under subsection <ref href="#d28e2055">(5)</ref> the direction is confirmed, the court must specify the period within which the direction is to be complied with.</p></content></subsection><subsection eId="d28e2091"><num>(9)</num><content><p>Where a direction is given under subsection <ref href="#d28e2010">(1)</ref>, the registrar may omit from the material on the register that is available for public inspection any mention of the name to which the direction relates.</p></content></subsection><subsection><num>(10)</num><content><p>If a company applies to the court under subsection <ref href="#d28e2055">(5)</ref> to set aside a direction, the company is not required to comply with the direction while the proceedings are ongoing.</p></content></subsection><subsection><num>(11)</num><intro><p>If a company fails to comply with a direction under subsection <ref href="#d28e2010">(1)</ref>, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level><wrapUp><p>For this purpose a shadow director is treated as an officer of the company.</p></wrapUp></subsection><subsection><num>(12)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-18-3"><num>(3)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph (g) (inserted by section 17 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e2147"><num>(h)</num><content><p>section <ref href="#d28e2006">76B</ref> (direction to change name wrongly registered);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-19"><num>19</num><heading>Registrar’s power to change names containing computer code</heading><subsection eId="section-19-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows</p></content></subsection><subsection eId="section-19-2"><num>(2)</num><content><p><mod>In the heading of Chapter 4 of Part 5, after “Secretary of State” insert <quotedText>“and the registrar”</quotedText>.</mod></p></content></subsection><subsection eId="section-19-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e2006">76B</ref> (inserted by section 18 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Registrar’s powers to change names</heading><section eId="d28e2198"><num>76C</num><heading>Registrar’s power to change name containing computer code</heading><subsection eId="d28e2202"><num>(1)</num><intro><p>Where, in the opinion of the registrar, a company’s registered name consists of or includes computer code, the registrar may—</p></intro><level class="para1"><num>(a)</num><content><p>determine a new name for the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>remove from the register any reference to the company’s old name.</p></content></level></subsection><subsection><num>(2)</num><intro><p>If the registrar determines a new name for a company under this section, the registrar must—</p></intro><level class="para1"><num>(a)</num><content><p>give the company notice of the determination, and</p></content></level><level class="para1"><num>(b)</num><content><p>place a note of the determination in the register.</p></content></level></subsection><subsection><num>(3)</num><intro><p>Where a company is given a direction under section <ref href="#d28e2006">76B</ref> to change its name—</p></intro><level class="para1"><num>(a)</num><content><p>that does not affect the registrar’s power to act under subsection <ref href="#d28e2202">(1)</ref>, but</p></content></level><level class="para1"><num>(b)</num><content><p>if the registrar does so, the direction lapses.</p></content></level></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-19-4"><num>(4)</num><content><p><mod>In section 1081 (annotation of the register), in subsection (6), after “subsection (2)” insert <quotedText>“or of any other enactment”</quotedText>.</mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-2"><num>(2)</num><content><p><mod>In the heading of Chapter 4 of Part 5, after “Secretary of State” insert <quotedText>“and the registrar”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-19-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e2006">76B</ref> (inserted by section 18 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Registrar’s powers to change names</heading><section eId="d28e2198"><num>76C</num><heading>Registrar’s power to change name containing computer code</heading><subsection eId="d28e2202"><num>(1)</num><intro><p>Where, in the opinion of the registrar, a company’s registered name consists of or includes computer code, the registrar may—</p></intro><level class="para1"><num>(a)</num><content><p>determine a new name for the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>remove from the register any reference to the company’s old name.</p></content></level></subsection><subsection><num>(2)</num><intro><p>If the registrar determines a new name for a company under this section, the registrar must—</p></intro><level class="para1"><num>(a)</num><content><p>give the company notice of the determination, and</p></content></level><level class="para1"><num>(b)</num><content><p>place a note of the determination in the register.</p></content></level></subsection><subsection><num>(3)</num><intro><p>Where a company is given a direction under section <ref href="#d28e2006">76B</ref> to change its name—</p></intro><level class="para1"><num>(a)</num><content><p>that does not affect the registrar’s power to act under subsection <ref href="#d28e2202">(1)</ref>, but</p></content></level><level class="para1"><num>(b)</num><content><p>if the registrar does so, the direction lapses.</p></content></level></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-4"><num>(4)</num><content><p><mod>In section 1081 (annotation of the register), in subsection (6), after “subsection (2)” insert <quotedText>“or of any other enactment”</quotedText>.</mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-20"><num>20</num><heading>Registrar’s power to change company’s name for breach of direction</heading><content><p><mod>After section <ref href="#d28e2198">76C</ref> of the Companies Act 2006 (inserted by section 19 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e2289"><num>76D</num><heading>Registrar’s power to change name for failure to comply with direction</heading><subsection><num>(1)</num><content><p>Where a company fails to comply with a direction to change its name, the registrar may determine a new name for the company.</p></content></subsection><subsection><num>(2)</num><content><p>The reference in subsection <ref href="#d28e2010">(1)</ref> to a direction to change a company’s name is to a direction under section 64, 67, 75, 76, <ref href="#d28e1828">76A</ref> or <ref href="#d28e2006">76B</ref>.</p></content></subsection><subsection><num>(3)</num><intro><p>If the registrar determines a new name for a company under this section, the registrar must—</p></intro><level class="para1"><num>(a)</num><content><p>give the company notice of the determination, and</p></content></level><level class="para1"><num>(b)</num><content><p>place a note of the determination in the register.</p></content></level></subsection></section></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-21"><num>21</num><heading>Sections 19 and 20: consequential amendments</heading><subsection eId="section-21-1"><num>(1)</num><content><p><mod>In section 80 (change of name: registration and issue of new certificate of incorporation), for subsections (1) and (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>This section applies where—</p></intro><level class="para1"><num>(a)</num><intro><p>the registrar receives notice of a change of a company’s name and is satisfied—</p></intro><level class="para2"><num>(i)</num><content><p>that the new name complies with the requirements of this Part, and</p></content></level><level class="para2"><num>(ii)</num><content><p>that the requirements of the Companies Acts, and any relevant requirements of the company’s articles, with respect to a change of name are complied with, or</p></content></level></level><level class="para1"><num>(b)</num><content><p>the registrar determines a new name for a company under section <ref href="#d28e2198">76C</ref> or <ref href="#d28e2289">76D</ref>.</p></content></level></subsection><subsection><num>(2)</num><content><p>The registrar must enter the new name on the register in place of the former name.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-21-2"><num>(2)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph <ref href="#d28e2147">(h)</ref> (inserted by section 18 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(i)</num><content><p>section <ref href="#d28e2198">76C</ref> (registrar’s power to change name containing computer code);</p></content></level><level class="para1" eId="d28e2409"><num>(j)</num><content><p>section <ref href="#d28e2289">76D</ref> (registrar’s power to change name for failure to comply with direction).</p></content></level></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-21-1"><num>(1)</num><content><p><mod>In section 80 (change of name: registration and issue of new certificate of incorporation), for subsections (1) and (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>This section applies where—</p></intro><level class="para1"><num>(a)</num><intro><p>the registrar receives notice of a change of a company’s name and is satisfied—</p></intro><level class="para2"><num>(i)</num><content><p>that the new name complies with the requirements of this Part, and</p></content></level><level class="para2"><num>(ii)</num><content><p>that the requirements of the Companies Acts, and any relevant requirements of the company’s articles, with respect to a change of name are complied with, or</p></content></level></level><level class="para1"><num>(b)</num><content><p>the registrar determines a new name for a company under section <ref href="#d28e2198">76C</ref> or <ref href="#d28e2289">76D</ref>.</p></content></level></subsection><subsection><num>(2)</num><content><p>The registrar must enter the new name on the register in place of the former name.</p></content></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-21-2"><num>(2)</num><content><p><mod>In section 1047 (registered name of overseas company), in subsection (4), after paragraph <ref href="#d28e2147">(h)</ref> (inserted by section 18 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(i)</num><content><p>section <ref href="#d28e2198">76C</ref> (registrar’s power to change name containing computer code);</p></content></level><level class="para1" eId="d28e2409"><num>(j)</num><content><p>section <ref href="#d28e2289">76D</ref> (registrar’s power to change name for failure to comply with direction).</p></content></level></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-22"><num>22</num><heading>Company names: exceptions based on national security etc</heading><content><p><mod>After section <ref href="#d28e2289">76D</ref> of the Companies Act 2006 (inserted by section 20 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><chapter><num>CHAPTER 4A</num><heading>Exceptions</heading><section><num>76E</num><heading>Exceptions based on national security etc</heading><subsection><num>(1)</num><intro><p>Nothing in this Part prevents the registration of a company under this Act by a name if the Secretary of State is satisfied that the registration of the company by that name is necessary—</p></intro><level class="para1"><num>(a)</num><content><p>in the interests of national security, or</p></content></level><level class="para1" eId="d28e2457"><num>(b)</num><content><p>for the purposes of preventing or detecting serious crime.</p></content></level></subsection><subsection eId="d28e2463"><num>(2)</num><intro><p>For the purposes of subsection <ref href="#d28e2457">(1)(b)</ref>—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-crime">crime</term>” means conduct which—</p></intro><level class="para2"><num>(i)</num><content><p>constitutes a criminal offence, or</p></content></level><level class="para2"><num>(ii)</num><content><p>is, or corresponds to, any conduct which, if it all took place in any one part of the United Kingdom, would constitute a criminal offence, and</p></content></level></level><level class="para1"><num>(b)</num><intro><p>crime is “serious” if—</p></intro><level class="para2"><num>(i)</num><content><p>the offence which is or would be constituted by the conduct is an offence for which the maximum sentence (in any part of the United Kingdom) is imprisonment for 3 years or more, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the conduct involves the use of violence, results in substantial financial gain or is conduct by a large number of persons in pursuit of a common purpose.</p></content></level></level></subsection></section></chapter></quotedStructure></mod></p></content></section>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-business-names"><heading>Business names</heading><section eId="section-23"><num>23</num><heading>Use of name suggesting connection with foreign governments etc</heading><content><p><mod>In the Companies Act 2006, after section 1196 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>1196A</num><heading>Names suggesting connection with foreign governments etc</heading><subsection eId="d28e2533"><num>(1)</num><intro><p>A person must not carry on business in the United Kingdom under a name that would be likely to give the false impression that the business is connected with—</p></intro><level class="para1"><num>(a)</num><content><p>a foreign government or an agency or authority of a foreign government, or</p></content></level><level class="para1"><num>(b)</num><content><p>an international organisation whose members include two or more countries or territories (or their governments).</p></content></level></subsection><subsection><num>(2)</num><content><p>A person who contravenes this section commits an offence.</p></content></subsection><subsection><num>(3)</num><content><p>Where an offence under this section is committed by a body corporate, an offence is also committed by every officer of the body who is in default.</p></content></subsection><subsection><num>(4)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-24"><num>24</num><heading>Use of name giving misleading indication of activities</heading><content><p><mod>In section 1198 of the Companies Act 2006 (misleading indication of activities), in subsection (1), for “be likely to cause harm to the public” substitute <quotedText>“pose a risk of harm to the public in the United Kingdom or elsewhere”</quotedText>.</mod></p></content></section><section eId="section-25"><num>25</num><heading>Use of name that a company has been required to change</heading><subsection eId="section-25-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-25-2"><num>(2)</num><content><p><mod>In section 1192 (application of this Chapter), at the beginning of subsection (1) insert <quotedText>“Subject to any express provision to the contrary,”</quotedText>.</mod></p></content></subsection><subsection eId="section-25-3"><num>(3)</num><content><p><mod>After section 1198 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Restrictions where a company has been required to change a name</heading><section><num>1198A</num><heading>Name that a company has been required to change</heading><subsection eId="d28e2624"><num>(1)</num><content><p>Where a relevant direction has been given to a company to change its name, or it has been ordered under section 73 to change its name, the company must not carry on business in the United Kingdom under the name that it was directed or ordered to change, except as mentioned in subsection <ref href="#d28e2633">(2)</ref>.</p></content></subsection><subsection eId="d28e2633"><num>(2)</num><intro><p>Subsection <ref href="#d28e2624">(1)</ref> does not prevent the use by a company of a name if—</p></intro><level class="para1"><num>(a)</num><content><p>the period for complying with the direction or order has not yet expired,</p></content></level><level class="para1"><num>(b)</num><content><p>the company complied with the direction or order and has since become registered with the name again following approval given under section <ref href="#d28e1270">57B</ref>, or</p></content></level><level class="para1"><num>(c)</num><content><p>the direction was given, or the order was made, before section 25 of the Economic Crime and Corporate Transparency Act 2023 came fully into force.</p></content></level></subsection><subsection><num>(3)</num><intro><p>If a company uses a name in contravention of this section an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(4)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection><subsection><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-company">company</term>” includes an overseas company;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-direction">relevant direction</term>” means a direction under section 67, 75, 76, <ref href="#d28e1828">76A</ref> or <ref href="#d28e2006">76B</ref>, other than a direction under section <ref href="#d28e2006">76B</ref><ref href="#d28e2022">(1)(b)</ref> given on the basis that, at the time at which a company’s name was registered, the Secretary of State had proper grounds for forming the opinion mentioned in section <ref href="#d28e1215">57A</ref>.</p></content></hcontainer></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section><section eId="section-26"><num>26</num><heading>Use of name that another company has been required to change</heading><content><p><mod>After section 1198A of the Companies Act 2006 (inserted by section 25 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>1198B</num><heading>Name that another company has been required to change</heading><subsection eId="d28e2741"><num>(1)</num><content><p>Where a relevant direction has been given to a company to change its name, or it has been ordered under section 73 to change its name, another company must not carry on business in the United Kingdom under the name that the first company was directed or ordered to change if there is a person who has, or has had, a relevant relationship with both companies.</p></content></subsection><subsection><num>(2)</num><intro><p>Subsection <ref href="#d28e2741">(1)</ref> does not prevent the use by a company of a name if—</p></intro><level class="para1"><num>(a)</num><content><p>it is registered under this Act by that name,</p></content></level><level class="para1"><num>(b)</num><content><p>the period for complying with the direction or order has not yet expired, or</p></content></level><level class="para1"><num>(c)</num><content><p>the direction was given, or the order was made, before section 26 of the Economic Crime and Corporate Transparency Act 2023 came fully into force.</p></content></level></subsection><subsection><num>(3)</num><content><p>For the purposes of subsection <ref href="#d28e2741">(1)</ref> it is irrelevant whether the person has, or has had, a relevant relationship with both companies at the same time.</p></content></subsection><subsection><num>(4)</num><intro><p>For the purposes of this section a person has a “relevant relationship” with a company if the person is—</p></intro><level class="para1"><num>(a)</num><content><p>an officer, or</p></content></level><level class="para1"><num>(b)</num><content><p>a member or former member.</p></content></level></subsection><subsection><num>(5)</num><intro><p>If a company uses a name in contravention of this section an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(6)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection><subsection><num>(7)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-company">company</term>” includes an overseas company;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-direction">relevant direction</term>” means a direction under section 67, 75, <ref href="#d28e1828">76A</ref> or <ref href="#d28e2006">76B</ref>, other than a direction under section <ref href="#d28e2006">76B</ref><ref href="#d28e2022">(1)(b)</ref> given on the basis that, at the time at which a company’s name was registered, the Secretary of State had proper grounds for forming the opinion mentioned in section <ref href="#d28e1215">57A</ref>.</p></content></hcontainer></subsection></section></quotedStructure></mod></p></content></section><section eId="section-27"><num>27</num><heading>Use of names: exceptions based on national security etc</heading><content><p><mod>After section 1199 of the Companies Act 2006 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>1199A</num><heading>Exceptions based on national security etc</heading><subsection><num>(1)</num><intro><p>The Secretary of State may, by written notice given to a person, provide that a prohibition imposed by this Chapter does not apply in relation to the carrying on of a business by that person under a name specified in the notice, if satisfied that to do so is necessary—</p></intro><level class="para1"><num>(a)</num><content><p>in the interests of national security, or</p></content></level><level class="para1" eId="d28e2891"><num>(b)</num><content><p>for the purposes of preventing or detecting serious crime.</p></content></level></subsection><subsection><num>(2)</num><intro><p>For the purposes of subsection <ref href="#d28e2891">(1)(b)</ref>—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-crime">crime</term>” means conduct which—</p></intro><level class="para2"><num>(i)</num><content><p>constitutes a criminal offence, or</p></content></level><level class="para2"><num>(ii)</num><content><p>is, or corresponds to, any conduct which, if it all took place in any one part of the United Kingdom, would constitute a criminal offence, and</p></content></level></level><level class="para1"><num>(b)</num><intro><p>crime is “serious” if—</p></intro><level class="para2"><num>(i)</num><content><p>the offence which is or would be constituted by the conduct is an offence for which the maximum sentence (in any part of the United Kingdom) is imprisonment for 3 years or more, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the conduct involves the use of violence, results in substantial financial gain or is conduct by a large number of persons in pursuit of a common purpose.</p></content></level></level></subsection></section></quotedStructure></mod></p></content></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-23"><num>23</num><heading>Use of name suggesting connection with foreign governments etc</heading><content><p><mod>In the Companies Act 2006, after section 1196 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>1196A</num><heading>Names suggesting connection with foreign governments etc</heading><subsection eId="d28e2533"><num>(1)</num><intro><p>A person must not carry on business in the United Kingdom under a name that would be likely to give the false impression that the business is connected with—</p></intro><level class="para1"><num>(a)</num><content><p>a foreign government or an agency or authority of a foreign government, or</p></content></level><level class="para1"><num>(b)</num><content><p>an international organisation whose members include two or more countries or territories (or their governments).</p></content></level></subsection><subsection><num>(2)</num><content><p>A person who contravenes this section commits an offence.</p></content></subsection><subsection><num>(3)</num><content><p>Where an offence under this section is committed by a body corporate, an offence is also committed by every officer of the body who is in default.</p></content></subsection><subsection><num>(4)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection></section></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24"><num>24</num><heading>Use of name giving misleading indication of activities</heading><content><p><mod>In section 1198 of the Companies Act 2006 (misleading indication of activities), in subsection (1), for “be likely to cause harm to the public” substitute <quotedText>“pose a risk of harm to the public in the United Kingdom or elsewhere”</quotedText>.</mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-25"><num>25</num><heading>Use of name that a company has been required to change</heading><subsection eId="section-25-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-25-2"><num>(2)</num><content><p><mod>In section 1192 (application of this Chapter), at the beginning of subsection (1) insert <quotedText>“Subject to any express provision to the contrary,”</quotedText>.</mod></p></content></subsection><subsection eId="section-25-3"><num>(3)</num><content><p><mod>After section 1198 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Restrictions where a company has been required to change a name</heading><section><num>1198A</num><heading>Name that a company has been required to change</heading><subsection eId="d28e2624"><num>(1)</num><content><p>Where a relevant direction has been given to a company to change its name, or it has been ordered under section 73 to change its name, the company must not carry on business in the United Kingdom under the name that it was directed or ordered to change, except as mentioned in subsection <ref href="#d28e2633">(2)</ref>.</p></content></subsection><subsection eId="d28e2633"><num>(2)</num><intro><p>Subsection <ref href="#d28e2624">(1)</ref> does not prevent the use by a company of a name if—</p></intro><level class="para1"><num>(a)</num><content><p>the period for complying with the direction or order has not yet expired,</p></content></level><level class="para1"><num>(b)</num><content><p>the company complied with the direction or order and has since become registered with the name again following approval given under section <ref href="#d28e1270">57B</ref>, or</p></content></level><level class="para1"><num>(c)</num><content><p>the direction was given, or the order was made, before section 25 of the Economic Crime and Corporate Transparency Act 2023 came fully into force.</p></content></level></subsection><subsection><num>(3)</num><intro><p>If a company uses a name in contravention of this section an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(4)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection><subsection><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-company">company</term>” includes an overseas company;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-direction">relevant direction</term>” means a direction under section 67, 75, 76, <ref href="#d28e1828">76A</ref> or <ref href="#d28e2006">76B</ref>, other than a direction under section <ref href="#d28e2006">76B</ref><ref href="#d28e2022">(1)(b)</ref> given on the basis that, at the time at which a company’s name was registered, the Secretary of State had proper grounds for forming the opinion mentioned in section <ref href="#d28e1215">57A</ref>.</p></content></hcontainer></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-25-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-25-2"><num>(2)</num><content><p><mod>In section 1192 (application of this Chapter), at the beginning of subsection (1) insert <quotedText>“Subject to any express provision to the contrary,”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-25-3"><num>(3)</num><content><p><mod>After section 1198 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Restrictions where a company has been required to change a name</heading><section><num>1198A</num><heading>Name that a company has been required to change</heading><subsection eId="d28e2624"><num>(1)</num><content><p>Where a relevant direction has been given to a company to change its name, or it has been ordered under section 73 to change its name, the company must not carry on business in the United Kingdom under the name that it was directed or ordered to change, except as mentioned in subsection <ref href="#d28e2633">(2)</ref>.</p></content></subsection><subsection eId="d28e2633"><num>(2)</num><intro><p>Subsection <ref href="#d28e2624">(1)</ref> does not prevent the use by a company of a name if—</p></intro><level class="para1"><num>(a)</num><content><p>the period for complying with the direction or order has not yet expired,</p></content></level><level class="para1"><num>(b)</num><content><p>the company complied with the direction or order and has since become registered with the name again following approval given under section <ref href="#d28e1270">57B</ref>, or</p></content></level><level class="para1"><num>(c)</num><content><p>the direction was given, or the order was made, before section 25 of the Economic Crime and Corporate Transparency Act 2023 came fully into force.</p></content></level></subsection><subsection><num>(3)</num><intro><p>If a company uses a name in contravention of this section an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(4)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection><subsection><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-company">company</term>” includes an overseas company;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-direction">relevant direction</term>” means a direction under section 67, 75, 76, <ref href="#d28e1828">76A</ref> or <ref href="#d28e2006">76B</ref>, other than a direction under section <ref href="#d28e2006">76B</ref><ref href="#d28e2022">(1)(b)</ref> given on the basis that, at the time at which a company’s name was registered, the Secretary of State had proper grounds for forming the opinion mentioned in section <ref href="#d28e1215">57A</ref>.</p></content></hcontainer></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-26"><num>26</num><heading>Use of name that another company has been required to change</heading><content><p><mod>After section 1198A of the Companies Act 2006 (inserted by section 25 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>1198B</num><heading>Name that another company has been required to change</heading><subsection eId="d28e2741"><num>(1)</num><content><p>Where a relevant direction has been given to a company to change its name, or it has been ordered under section 73 to change its name, another company must not carry on business in the United Kingdom under the name that the first company was directed or ordered to change if there is a person who has, or has had, a relevant relationship with both companies.</p></content></subsection><subsection><num>(2)</num><intro><p>Subsection <ref href="#d28e2741">(1)</ref> does not prevent the use by a company of a name if—</p></intro><level class="para1"><num>(a)</num><content><p>it is registered under this Act by that name,</p></content></level><level class="para1"><num>(b)</num><content><p>the period for complying with the direction or order has not yet expired, or</p></content></level><level class="para1"><num>(c)</num><content><p>the direction was given, or the order was made, before section 26 of the Economic Crime and Corporate Transparency Act 2023 came fully into force.</p></content></level></subsection><subsection><num>(3)</num><content><p>For the purposes of subsection <ref href="#d28e2741">(1)</ref> it is irrelevant whether the person has, or has had, a relevant relationship with both companies at the same time.</p></content></subsection><subsection><num>(4)</num><intro><p>For the purposes of this section a person has a “relevant relationship” with a company if the person is—</p></intro><level class="para1"><num>(a)</num><content><p>an officer, or</p></content></level><level class="para1"><num>(b)</num><content><p>a member or former member.</p></content></level></subsection><subsection><num>(5)</num><intro><p>If a company uses a name in contravention of this section an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(6)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection><subsection><num>(7)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-company">company</term>” includes an overseas company;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-direction">relevant direction</term>” means a direction under section 67, 75, <ref href="#d28e1828">76A</ref> or <ref href="#d28e2006">76B</ref>, other than a direction under section <ref href="#d28e2006">76B</ref><ref href="#d28e2022">(1)(b)</ref> given on the basis that, at the time at which a company’s name was registered, the Secretary of State had proper grounds for forming the opinion mentioned in section <ref href="#d28e1215">57A</ref>.</p></content></hcontainer></subsection></section></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-27"><num>27</num><heading>Use of names: exceptions based on national security etc</heading><content><p><mod>After section 1199 of the Companies Act 2006 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>1199A</num><heading>Exceptions based on national security etc</heading><subsection><num>(1)</num><intro><p>The Secretary of State may, by written notice given to a person, provide that a prohibition imposed by this Chapter does not apply in relation to the carrying on of a business by that person under a name specified in the notice, if satisfied that to do so is necessary—</p></intro><level class="para1"><num>(a)</num><content><p>in the interests of national security, or</p></content></level><level class="para1" eId="d28e2891"><num>(b)</num><content><p>for the purposes of preventing or detecting serious crime.</p></content></level></subsection><subsection><num>(2)</num><intro><p>For the purposes of subsection <ref href="#d28e2891">(1)(b)</ref>—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-crime">crime</term>” means conduct which—</p></intro><level class="para2"><num>(i)</num><content><p>constitutes a criminal offence, or</p></content></level><level class="para2"><num>(ii)</num><content><p>is, or corresponds to, any conduct which, if it all took place in any one part of the United Kingdom, would constitute a criminal offence, and</p></content></level></level><level class="para1"><num>(b)</num><intro><p>crime is “serious” if—</p></intro><level class="para2"><num>(i)</num><content><p>the offence which is or would be constituted by the conduct is an offence for which the maximum sentence (in any part of the United Kingdom) is imprisonment for 3 years or more, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the conduct involves the use of violence, results in substantial financial gain or is conduct by a large number of persons in pursuit of a common purpose.</p></content></level></level></subsection></section></quotedStructure></mod></p></content></section>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-registered-offices"><heading>Registered offices</heading><section eId="section-28"><num>28</num><heading>Registered office: appropriate address</heading><subsection eId="section-28-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-28-2"><num>(2)</num><content><p><mod>In section 9 (registration documents), in subsection (5)(a), at the end insert <quotedText>“, which must be an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-28-3"><num>(3)</num><content><p><mod>For section 86 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e2987"><num>86</num><heading>Duty to ensure registered office at appropriate address</heading><subsection eId="d28e2991"><num>(1)</num><content><p>A company must ensure that its registered office is at all times at an appropriate address.</p></content></subsection><subsection eId="d28e2997"><num>(2)</num><intro><p>An address is an “appropriate address” if, in the ordinary course of events—</p></intro><level class="para1"><num>(a)</num><content><p>a document addressed to the company, and delivered there by hand or by post, would be expected to come to the attention of a person acting on behalf of the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>the delivery of documents there is capable of being recorded by the obtaining of an acknowledgement of delivery.</p></content></level></subsection><subsection><num>(3)</num><intro><p>If a company fails, without reasonable excuse, to comply with this section an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(5)</num><content><p>Subsection <ref href="#d28e2991">(1)</ref> does not apply in relation to a company during any period for which the address of its registered office is a default address nominated by virtue of section 1097A(3)(h).</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-28-4"><num>(4)</num><content><p><mod>In section 87 (change of address of registered office), after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><content><p>The notice must include a statement that the new address is an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-28-5"><num>(5)</num><content><p>In section 853B (duties to notify a relevant event), omit paragraph (a).</p></content></subsection><subsection eId="section-28-6"><num>(6)</num><content><p><mod>After section 853C insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e3094"><num>853CA</num><heading>Duty to notify a change in registered office</heading><subsection><num>(1)</num><intro><p>This section applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a company makes a confirmation statement,</p></content></level><level class="para1"><num>(b)</num><content><p>the company’s registered office is not at an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>, and</p></content></level><level class="para1"><num>(c)</num><content><p>the company has not given a notice under section 87 (change of registered office) that is awaiting registration by the registrar.</p></content></level></subsection><subsection><num>(2)</num><content><p>The company must deliver a notice under section 87 at the same time as it delivers the confirmation statement.</p></content></subsection></section></quotedStructure></mod></p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-28"><num>28</num><heading>Registered office: appropriate address</heading><subsection eId="section-28-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-28-2"><num>(2)</num><content><p><mod>In section 9 (registration documents), in subsection (5)(a), at the end insert <quotedText>“, which must be an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-28-3"><num>(3)</num><content><p><mod>For section 86 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e2987"><num>86</num><heading>Duty to ensure registered office at appropriate address</heading><subsection eId="d28e2991"><num>(1)</num><content><p>A company must ensure that its registered office is at all times at an appropriate address.</p></content></subsection><subsection eId="d28e2997"><num>(2)</num><intro><p>An address is an “appropriate address” if, in the ordinary course of events—</p></intro><level class="para1"><num>(a)</num><content><p>a document addressed to the company, and delivered there by hand or by post, would be expected to come to the attention of a person acting on behalf of the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>the delivery of documents there is capable of being recorded by the obtaining of an acknowledgement of delivery.</p></content></level></subsection><subsection><num>(3)</num><intro><p>If a company fails, without reasonable excuse, to comply with this section an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(5)</num><content><p>Subsection <ref href="#d28e2991">(1)</ref> does not apply in relation to a company during any period for which the address of its registered office is a default address nominated by virtue of section 1097A(3)(h).</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-28-4"><num>(4)</num><content><p><mod>In section 87 (change of address of registered office), after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><content><p>The notice must include a statement that the new address is an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-28-5"><num>(5)</num><content><p>In section 853B (duties to notify a relevant event), omit paragraph (a).</p></content></subsection><subsection eId="section-28-6"><num>(6)</num><content><p><mod>After section 853C insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e3094"><num>853CA</num><heading>Duty to notify a change in registered office</heading><subsection><num>(1)</num><intro><p>This section applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a company makes a confirmation statement,</p></content></level><level class="para1"><num>(b)</num><content><p>the company’s registered office is not at an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>, and</p></content></level><level class="para1"><num>(c)</num><content><p>the company has not given a notice under section 87 (change of registered office) that is awaiting registration by the registrar.</p></content></level></subsection><subsection><num>(2)</num><content><p>The company must deliver a notice under section 87 at the same time as it delivers the confirmation statement.</p></content></subsection></section></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-28-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-28-2"><num>(2)</num><content><p><mod>In section 9 (registration documents), in subsection (5)(a), at the end insert <quotedText>“, which must be an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-28-3"><num>(3)</num><content><p><mod>For section 86 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e2987"><num>86</num><heading>Duty to ensure registered office at appropriate address</heading><subsection eId="d28e2991"><num>(1)</num><content><p>A company must ensure that its registered office is at all times at an appropriate address.</p></content></subsection><subsection eId="d28e2997"><num>(2)</num><intro><p>An address is an “appropriate address” if, in the ordinary course of events—</p></intro><level class="para1"><num>(a)</num><content><p>a document addressed to the company, and delivered there by hand or by post, would be expected to come to the attention of a person acting on behalf of the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>the delivery of documents there is capable of being recorded by the obtaining of an acknowledgement of delivery.</p></content></level></subsection><subsection><num>(3)</num><intro><p>If a company fails, without reasonable excuse, to comply with this section an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(5)</num><content><p>Subsection <ref href="#d28e2991">(1)</ref> does not apply in relation to a company during any period for which the address of its registered office is a default address nominated by virtue of section 1097A(3)(h).</p></content></subsection></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-28-4"><num>(4)</num><content><p><mod>In section 87 (change of address of registered office), after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><content><p>The notice must include a statement that the new address is an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>.</p></content></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-28-5"><num>(5)</num><content><p>In section 853B (duties to notify a relevant event), omit paragraph (a).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-28-6"><num>(6)</num><content><p><mod>After section 853C insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e3094"><num>853CA</num><heading>Duty to notify a change in registered office</heading><subsection><num>(1)</num><intro><p>This section applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a company makes a confirmation statement,</p></content></level><level class="para1"><num>(b)</num><content><p>the company’s registered office is not at an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>, and</p></content></level><level class="para1"><num>(c)</num><content><p>the company has not given a notice under section 87 (change of registered office) that is awaiting registration by the registrar.</p></content></level></subsection><subsection><num>(2)</num><content><p>The company must deliver a notice under section 87 at the same time as it delivers the confirmation statement.</p></content></subsection></section></quotedStructure></mod></p></content></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-registered-email-addresses"><heading>Registered email addresses</heading><section eId="section-29"><num>29</num><heading>Registered email addresses etc</heading><subsection eId="section-29-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-29-2"><num>(2)</num><content><p><mod>In section 9 (registration documents), in subsection (5), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e3158"><num>(aa)</num><content><p>a statement of the intended registered email address of the company, which must be an appropriate email address within the meaning given by section <ref href="#d28e3202">88A</ref><ref href="#d28e3212">(2)</ref>;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-29-3"><num>(3)</num><content><p><mod>In section 16 (effect of registration), in subsection (4), after “status” insert <quotedText>“, registered email address”</quotedText>.</mod></p></content></subsection><subsection eId="section-29-4"><num>(4)</num><content><p><mod>In the heading to Part 6 (a company’s registered office), after “registered office” insert <quotedText>“and email address”</quotedText>.</mod></p></content></subsection><subsection eId="section-29-5"><num>(5)</num><content><p><mod>After section 88 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Registered email address</heading><section eId="d28e3202"><num>88A</num><heading>Duty to maintain a registered email address</heading><subsection eId="d28e3206"><num>(1)</num><content><p>A company must ensure that its registered email address is at all times an appropriate email address.</p></content></subsection><subsection eId="d28e3212"><num>(2)</num><content><p>An email address is an “appropriate email address” if, in the ordinary course of events, emails sent to it by the registrar would be expected to come to the attention of a person acting on behalf of the company.</p></content></subsection><subsection><num>(3)</num><intro><p>If a company fails, without reasonable excuse, to comply with this section an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></section><section eId="d28e3257"><num>88B</num><heading>Change of registered email address</heading><subsection><num>(1)</num><content><p>A company may change its registered email address by giving notice to the registrar.</p></content></subsection><subsection eId="d28e3267"><num>(2)</num><content><p>The notice must include a statement that the new address is an appropriate email address within the meaning given by section <ref href="#d28e3202">88A</ref><ref href="#d28e3267">(2)</ref>.</p></content></subsection><subsection><num>(3)</num><content><p>The change takes effect upon the notice being registered by the registrar.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-29-6"><num>(6)</num><content><p><mod>After section <ref href="#d28e3094">853CA</ref> (inserted by section 28 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e3297"><num>853CB</num><heading>Duty to notify a change in registered email address</heading><subsection><num>(1)</num><intro><p>This section applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a company makes a confirmation statement,</p></content></level><level class="para1"><num>(b)</num><content><p>the company’s registered email address is not an appropriate email address within the meaning given by section <ref href="#d28e3202">88A</ref><ref href="#d28e3212">(2)</ref>, and</p></content></level><level class="para1"><num>(c)</num><content><p>the company has not given a notice under section <ref href="#d28e3257">88B</ref> (change of registered email address) that is awaiting registration by the registrar.</p></content></level></subsection><subsection><num>(2)</num><content><p>The company must deliver a notice under section <ref href="#d28e3257">88B</ref> at the same time as it delivers the confirmation statement.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-29-7"><num>(7)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), before paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(za)</num><intro><p>an email address delivered to the registrar under—</p></intro><level class="para2"><num>(i)</num><content><p>section 9(5)<ref href="#d28e3158">(aa)</ref> or <ref href="#d28e3257">88B</ref> (initial registered email address and change of address);</p></content></level><level class="para2"><num>(ii)</num><content><p>section 30 of the Economic Crime and Corporate Transparency Act 2023 (company’s registered email address: transitional provision);</p></content></level></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-29-8"><num>(8)</num><content><p>In section 1115 (supplementary provisions relating to electronic communications), omit subsection (1).</p></content></subsection><subsection eId="section-29-9"><num>(9)</num><intro><p>In Schedule 4 (documents and information sent or supplied to a company)—</p></intro><level class="para1" eId="section-29-9-a"><num>(a)</num><content><p><mod>after Part 2 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><part><num>PART 2A</num><heading>Communications in electronic form from the registrar or the Secretary of State</heading><paragraph class="schProv1"><num>4A</num><subparagraph><num>(1)</num><content><p>A document or information is validly sent or supplied to a company by the registrar or the Secretary of State if it is sent or supplied in electronic form in accordance with sub-paragraph <ref href="#d28e3415">(2)</ref> or <ref href="#d28e3433">(3)</ref>.</p></content></subparagraph><subparagraph eId="d28e3415"><num>(2)</num><intro><p>Where the document or information is sent or supplied by electronic means it may only be sent—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a company registered under this Act, to the company’s registered email address;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of any company, to an address specified by the company for that purpose (generally or specifically).</p></content></level></subparagraph><subparagraph eId="d28e3433"><num>(3)</num><content><p>Where the document or information is sent or supplied in electronic form by hand or by post, it must be sent or supplied to an address to which it could be validly sent if it were in hard copy form.</p></content></subparagraph></paragraph></part></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-29-9-b"><num>(b)</num><content><p><mod>in the heading of Part 3, at the end insert <quotedText>“in other cases”</quotedText>;</mod></p></content></level><level class="para1" eId="section-29-9-c"><num>(c)</num><content><p><mod>in paragraph 5, after “company” insert <quotedText>“by a person other than the registrar or the Secretary of State”</quotedText>.</mod></p></content></level></subsection></section><section eId="section-30"><num>30</num><heading>Registered email addresses: transitional provision</heading><subsection eId="section-30-1"><num>(1)</num><content><p>This section applies in relation to a company registered under the Companies Act 2006 in pursuance of an application for registration delivered to the registrar before section 29<ref href="#section-29-2">(2)</ref> comes fully into force.</p></content></subsection><subsection eId="section-30-2"><num>(2)</num><intro><p>On the first occasion on which the company delivers a confirmation statement with a confirmation date that is after the day on which section 29<ref href="#section-29-2">(2)</ref> comes fully into force—</p></intro><level class="para1" eId="section-30-2-a"><num>(a)</num><content><p>it must, at the same time, deliver to the registrar a statement specifying its registered email address for the purposes of section <ref href="#d28e3202">88A</ref> of that Act (inserted by section 29 of this Act);</p></content></level><level class="para1" eId="section-30-2-b"><num>(b)</num><content><p>section <ref href="#d28e3297">853CB</ref> of that Act (inserted by section 29 of this Act) does not apply.</p></content></level></subsection><subsection eId="section-30-3"><num>(3)</num><content><p>Section 853A(1)<ref href="#d28e7953">(b)(ii)</ref> of the Companies Act 2006 (as substituted by section 59 of this Act) has effect as if it included a reference to the duty imposed by subsection <ref href="#section-30-2">(2)</ref> (and section 853L of that Act applies accordingly).</p></content></subsection><subsection eId="section-30-4"><num>(4)</num><content><p>Section <ref href="#d28e3202">88A</ref> of the Companies Act 2006 (inserted by section 29 of this Act) does not apply in relation to the company until it has delivered the confirmation statement mentioned in subsection <ref href="#section-30-2">(2)</ref> or, if it does not deliver the statement on time, the latest time by which it was required to do so.</p></content></subsection><subsection eId="section-30-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-confirmation-statement" eId="term-confirmation-statement">confirmation statement</term>” has the meaning given by section 853A of the Companies Act 2006;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the meaning given by section 1060(3) of the Companies Act 2006.</p></content></hcontainer></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-29"><num>29</num><heading>Registered email addresses etc</heading><subsection eId="section-29-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-29-2"><num>(2)</num><content><p><mod>In section 9 (registration documents), in subsection (5), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e3158"><num>(aa)</num><content><p>a statement of the intended registered email address of the company, which must be an appropriate email address within the meaning given by section <ref href="#d28e3202">88A</ref><ref href="#d28e3212">(2)</ref>;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-29-3"><num>(3)</num><content><p><mod>In section 16 (effect of registration), in subsection (4), after “status” insert <quotedText>“, registered email address”</quotedText>.</mod></p></content></subsection><subsection eId="section-29-4"><num>(4)</num><content><p><mod>In the heading to Part 6 (a company’s registered office), after “registered office” insert <quotedText>“and email address”</quotedText>.</mod></p></content></subsection><subsection eId="section-29-5"><num>(5)</num><content><p><mod>After section 88 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Registered email address</heading><section eId="d28e3202"><num>88A</num><heading>Duty to maintain a registered email address</heading><subsection eId="d28e3206"><num>(1)</num><content><p>A company must ensure that its registered email address is at all times an appropriate email address.</p></content></subsection><subsection eId="d28e3212"><num>(2)</num><content><p>An email address is an “appropriate email address” if, in the ordinary course of events, emails sent to it by the registrar would be expected to come to the attention of a person acting on behalf of the company.</p></content></subsection><subsection><num>(3)</num><intro><p>If a company fails, without reasonable excuse, to comply with this section an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></section><section eId="d28e3257"><num>88B</num><heading>Change of registered email address</heading><subsection><num>(1)</num><content><p>A company may change its registered email address by giving notice to the registrar.</p></content></subsection><subsection eId="d28e3267"><num>(2)</num><content><p>The notice must include a statement that the new address is an appropriate email address within the meaning given by section <ref href="#d28e3202">88A</ref><ref href="#d28e3267">(2)</ref>.</p></content></subsection><subsection><num>(3)</num><content><p>The change takes effect upon the notice being registered by the registrar.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-29-6"><num>(6)</num><content><p><mod>After section <ref href="#d28e3094">853CA</ref> (inserted by section 28 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e3297"><num>853CB</num><heading>Duty to notify a change in registered email address</heading><subsection><num>(1)</num><intro><p>This section applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a company makes a confirmation statement,</p></content></level><level class="para1"><num>(b)</num><content><p>the company’s registered email address is not an appropriate email address within the meaning given by section <ref href="#d28e3202">88A</ref><ref href="#d28e3212">(2)</ref>, and</p></content></level><level class="para1"><num>(c)</num><content><p>the company has not given a notice under section <ref href="#d28e3257">88B</ref> (change of registered email address) that is awaiting registration by the registrar.</p></content></level></subsection><subsection><num>(2)</num><content><p>The company must deliver a notice under section <ref href="#d28e3257">88B</ref> at the same time as it delivers the confirmation statement.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-29-7"><num>(7)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), before paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(za)</num><intro><p>an email address delivered to the registrar under—</p></intro><level class="para2"><num>(i)</num><content><p>section 9(5)<ref href="#d28e3158">(aa)</ref> or <ref href="#d28e3257">88B</ref> (initial registered email address and change of address);</p></content></level><level class="para2"><num>(ii)</num><content><p>section 30 of the Economic Crime and Corporate Transparency Act 2023 (company’s registered email address: transitional provision);</p></content></level></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-29-8"><num>(8)</num><content><p>In section 1115 (supplementary provisions relating to electronic communications), omit subsection (1).</p></content></subsection><subsection eId="section-29-9"><num>(9)</num><intro><p>In Schedule 4 (documents and information sent or supplied to a company)—</p></intro><level class="para1" eId="section-29-9-a"><num>(a)</num><content><p><mod>after Part 2 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><part><num>PART 2A</num><heading>Communications in electronic form from the registrar or the Secretary of State</heading><paragraph class="schProv1"><num>4A</num><subparagraph><num>(1)</num><content><p>A document or information is validly sent or supplied to a company by the registrar or the Secretary of State if it is sent or supplied in electronic form in accordance with sub-paragraph <ref href="#d28e3415">(2)</ref> or <ref href="#d28e3433">(3)</ref>.</p></content></subparagraph><subparagraph eId="d28e3415"><num>(2)</num><intro><p>Where the document or information is sent or supplied by electronic means it may only be sent—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a company registered under this Act, to the company’s registered email address;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of any company, to an address specified by the company for that purpose (generally or specifically).</p></content></level></subparagraph><subparagraph eId="d28e3433"><num>(3)</num><content><p>Where the document or information is sent or supplied in electronic form by hand or by post, it must be sent or supplied to an address to which it could be validly sent if it were in hard copy form.</p></content></subparagraph></paragraph></part></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-29-9-b"><num>(b)</num><content><p><mod>in the heading of Part 3, at the end insert <quotedText>“in other cases”</quotedText>;</mod></p></content></level><level class="para1" eId="section-29-9-c"><num>(c)</num><content><p><mod>in paragraph 5, after “company” insert <quotedText>“by a person other than the registrar or the Secretary of State”</quotedText>.</mod></p></content></level></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-29-2"><num>(2)</num><content><p><mod>In section 9 (registration documents), in subsection (5), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e3158"><num>(aa)</num><content><p>a statement of the intended registered email address of the company, which must be an appropriate email address within the meaning given by section <ref href="#d28e3202">88A</ref><ref href="#d28e3212">(2)</ref>;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-3"><num>(3)</num><content><p><mod>In section 16 (effect of registration), in subsection (4), after “status” insert <quotedText>“, registered email address”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-4"><num>(4)</num><content><p><mod>In the heading to Part 6 (a company’s registered office), after “registered office” insert <quotedText>“and email address”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-29-5"><num>(5)</num><content><p><mod>After section 88 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Registered email address</heading><section eId="d28e3202"><num>88A</num><heading>Duty to maintain a registered email address</heading><subsection eId="d28e3206"><num>(1)</num><content><p>A company must ensure that its registered email address is at all times an appropriate email address.</p></content></subsection><subsection eId="d28e3212"><num>(2)</num><content><p>An email address is an “appropriate email address” if, in the ordinary course of events, emails sent to it by the registrar would be expected to come to the attention of a person acting on behalf of the company.</p></content></subsection><subsection><num>(3)</num><intro><p>If a company fails, without reasonable excuse, to comply with this section an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></section><section eId="d28e3257"><num>88B</num><heading>Change of registered email address</heading><subsection><num>(1)</num><content><p>A company may change its registered email address by giving notice to the registrar.</p></content></subsection><subsection eId="d28e3267"><num>(2)</num><content><p>The notice must include a statement that the new address is an appropriate email address within the meaning given by section <ref href="#d28e3202">88A</ref><ref href="#d28e3267">(2)</ref>.</p></content></subsection><subsection><num>(3)</num><content><p>The change takes effect upon the notice being registered by the registrar.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-29-6"><num>(6)</num><content><p><mod>After section <ref href="#d28e3094">853CA</ref> (inserted by section 28 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e3297"><num>853CB</num><heading>Duty to notify a change in registered email address</heading><subsection><num>(1)</num><intro><p>This section applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a company makes a confirmation statement,</p></content></level><level class="para1"><num>(b)</num><content><p>the company’s registered email address is not an appropriate email address within the meaning given by section <ref href="#d28e3202">88A</ref><ref href="#d28e3212">(2)</ref>, and</p></content></level><level class="para1"><num>(c)</num><content><p>the company has not given a notice under section <ref href="#d28e3257">88B</ref> (change of registered email address) that is awaiting registration by the registrar.</p></content></level></subsection><subsection><num>(2)</num><content><p>The company must deliver a notice under section <ref href="#d28e3257">88B</ref> at the same time as it delivers the confirmation statement.</p></content></subsection></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-29-7"><num>(7)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), before paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(za)</num><intro><p>an email address delivered to the registrar under—</p></intro><level class="para2"><num>(i)</num><content><p>section 9(5)<ref href="#d28e3158">(aa)</ref> or <ref href="#d28e3257">88B</ref> (initial registered email address and change of address);</p></content></level><level class="para2"><num>(ii)</num><content><p>section 30 of the Economic Crime and Corporate Transparency Act 2023 (company’s registered email address: transitional provision);</p></content></level></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-8"><num>(8)</num><content><p>In section 1115 (supplementary provisions relating to electronic communications), omit subsection (1).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-29-9"><num>(9)</num><intro><p>In Schedule 4 (documents and information sent or supplied to a company)—</p></intro><level class="para1" eId="section-29-9-a"><num>(a)</num><content><p><mod>after Part 2 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><part><num>PART 2A</num><heading>Communications in electronic form from the registrar or the Secretary of State</heading><paragraph class="schProv1"><num>4A</num><subparagraph><num>(1)</num><content><p>A document or information is validly sent or supplied to a company by the registrar or the Secretary of State if it is sent or supplied in electronic form in accordance with sub-paragraph <ref href="#d28e3415">(2)</ref> or <ref href="#d28e3433">(3)</ref>.</p></content></subparagraph><subparagraph eId="d28e3415"><num>(2)</num><intro><p>Where the document or information is sent or supplied by electronic means it may only be sent—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a company registered under this Act, to the company’s registered email address;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of any company, to an address specified by the company for that purpose (generally or specifically).</p></content></level></subparagraph><subparagraph eId="d28e3433"><num>(3)</num><content><p>Where the document or information is sent or supplied in electronic form by hand or by post, it must be sent or supplied to an address to which it could be validly sent if it were in hard copy form.</p></content></subparagraph></paragraph></part></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-29-9-b"><num>(b)</num><content><p><mod>in the heading of Part 3, at the end insert <quotedText>“in other cases”</quotedText>;</mod></p></content></level><level class="para1" eId="section-29-9-c"><num>(c)</num><content><p><mod>in paragraph 5, after “company” insert <quotedText>“by a person other than the registrar or the Secretary of State”</quotedText>.</mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-29-9-a"><num>(a)</num><content><p><mod>after Part 2 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><part><num>PART 2A</num><heading>Communications in electronic form from the registrar or the Secretary of State</heading><paragraph class="schProv1"><num>4A</num><subparagraph><num>(1)</num><content><p>A document or information is validly sent or supplied to a company by the registrar or the Secretary of State if it is sent or supplied in electronic form in accordance with sub-paragraph <ref href="#d28e3415">(2)</ref> or <ref href="#d28e3433">(3)</ref>.</p></content></subparagraph><subparagraph eId="d28e3415"><num>(2)</num><intro><p>Where the document or information is sent or supplied by electronic means it may only be sent—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a company registered under this Act, to the company’s registered email address;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of any company, to an address specified by the company for that purpose (generally or specifically).</p></content></level></subparagraph><subparagraph eId="d28e3433"><num>(3)</num><content><p>Where the document or information is sent or supplied in electronic form by hand or by post, it must be sent or supplied to an address to which it could be validly sent if it were in hard copy form.</p></content></subparagraph></paragraph></part></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-9-b"><num>(b)</num><content><p><mod>in the heading of Part 3, at the end insert <quotedText>“in other cases”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-9-c"><num>(c)</num><content><p><mod>in paragraph 5, after “company” insert <quotedText>“by a person other than the registrar or the Secretary of State”</quotedText>.</mod></p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30"><num>30</num><heading>Registered email addresses: transitional provision</heading><subsection eId="section-30-1"><num>(1)</num><content><p>This section applies in relation to a company registered under the Companies Act 2006 in pursuance of an application for registration delivered to the registrar before section 29<ref href="#section-29-2">(2)</ref> comes fully into force.</p></content></subsection><subsection eId="section-30-2"><num>(2)</num><intro><p>On the first occasion on which the company delivers a confirmation statement with a confirmation date that is after the day on which section 29<ref href="#section-29-2">(2)</ref> comes fully into force—</p></intro><level class="para1" eId="section-30-2-a"><num>(a)</num><content><p>it must, at the same time, deliver to the registrar a statement specifying its registered email address for the purposes of section <ref href="#d28e3202">88A</ref> of that Act (inserted by section 29 of this Act);</p></content></level><level class="para1" eId="section-30-2-b"><num>(b)</num><content><p>section <ref href="#d28e3297">853CB</ref> of that Act (inserted by section 29 of this Act) does not apply.</p></content></level></subsection><subsection eId="section-30-3"><num>(3)</num><content><p>Section 853A(1)<ref href="#d28e7953">(b)(ii)</ref> of the Companies Act 2006 (as substituted by section 59 of this Act) has effect as if it included a reference to the duty imposed by subsection <ref href="#section-30-2">(2)</ref> (and section 853L of that Act applies accordingly).</p></content></subsection><subsection eId="section-30-4"><num>(4)</num><content><p>Section <ref href="#d28e3202">88A</ref> of the Companies Act 2006 (inserted by section 29 of this Act) does not apply in relation to the company until it has delivered the confirmation statement mentioned in subsection <ref href="#section-30-2">(2)</ref> or, if it does not deliver the statement on time, the latest time by which it was required to do so.</p></content></subsection><subsection eId="section-30-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-confirmation-statement" eId="term-confirmation-statement">confirmation statement</term>” has the meaning given by section 853A of the Companies Act 2006;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the meaning given by section 1060(3) of the Companies Act 2006.</p></content></hcontainer></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-1"><num>(1)</num><content><p>This section applies in relation to a company registered under the Companies Act 2006 in pursuance of an application for registration delivered to the registrar before section 29<ref href="#section-29-2">(2)</ref> comes fully into force.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-2"><num>(2)</num><intro><p>On the first occasion on which the company delivers a confirmation statement with a confirmation date that is after the day on which section 29<ref href="#section-29-2">(2)</ref> comes fully into force—</p></intro><level class="para1" eId="section-30-2-a"><num>(a)</num><content><p>it must, at the same time, deliver to the registrar a statement specifying its registered email address for the purposes of section <ref href="#d28e3202">88A</ref> of that Act (inserted by section 29 of this Act);</p></content></level><level class="para1" eId="section-30-2-b"><num>(b)</num><content><p>section <ref href="#d28e3297">853CB</ref> of that Act (inserted by section 29 of this Act) does not apply.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-30-2-a"><num>(a)</num><content><p>it must, at the same time, deliver to the registrar a statement specifying its registered email address for the purposes of section <ref href="#d28e3202">88A</ref> of that Act (inserted by section 29 of this Act);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-30-2-b"><num>(b)</num><content><p>section <ref href="#d28e3297">853CB</ref> of that Act (inserted by section 29 of this Act) does not apply.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-3"><num>(3)</num><content><p>Section 853A(1)<ref href="#d28e7953">(b)(ii)</ref> of the Companies Act 2006 (as substituted by section 59 of this Act) has effect as if it included a reference to the duty imposed by subsection <ref href="#section-30-2">(2)</ref> (and section 853L of that Act applies accordingly).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-4"><num>(4)</num><content><p>Section <ref href="#d28e3202">88A</ref> of the Companies Act 2006 (inserted by section 29 of this Act) does not apply in relation to the company until it has delivered the confirmation statement mentioned in subsection <ref href="#section-30-2">(2)</ref> or, if it does not deliver the statement on time, the latest time by which it was required to do so.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-confirmation-statement" eId="term-confirmation-statement">confirmation statement</term>” has the meaning given by section 853A of the Companies Act 2006;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the meaning given by section 1060(3) of the Companies Act 2006.</p></content></hcontainer></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7"><heading>Seizure of property</heading><paragraph eId="schedule-8-paragraph-38" class="schProv1"><num>38</num><intro><p>In section 195B (conditions for exercise of seizure powers)—</p></intro><level class="para1" eId="schedule-8-paragraph-38-a"><num>(a)</num><content><p>in subsection (2), omit paragraph (b);</p></content></level><level class="para1" eId="schedule-8-paragraph-38-b"><num>(b)</num><content><p>in subsection (3), omit paragraph (b).</p></content></level></paragraph><paragraph eId="schedule-8-paragraph-39" class="schProv1"><num>39</num><subparagraph eId="schedule-8-paragraph-39-1"><num>(1)</num><content><p>Section 195C (power to seize property) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-39-2"><num>(2)</num><content><p><mod>In subsection (2), after “not” insert <quotedText>“under subsection (1)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-39-3"><num>(3)</num><content><p><mod>After subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(5A)</num><content><p>On being satisfied as mentioned in section 195B(1) an appropriate officer may seize any free property if the officer has reasonable grounds for suspecting that it is a cryptoasset-related item.</p></content></subsection><subsection><num>(5B)</num><content><p>A “cryptoasset-related item” is an item of property that is, or that contains or gives access to information that is, likely to assist in the seizure under subsection (1) of any cryptoasset.</p></content></subsection><subsection><num>(5C)</num><content><p>The circumstances in which a cryptoasset is “<term refersTo="#term-seized">seized</term>” for the purposes of subsection (1) include circumstances in which it is transferred into a crypto wallet controlled by the appropriate officer.</p></content></subsection><subsection><num>(5D)</num><intro><p>If an appropriate officer is lawfully on any premises, the officer may, for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>determining whether any property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>enabling or facilitating the seizure under subsection (1) of any cryptoasset,</p></content></level><wrapUp><p>require any information which is stored in any electronic form and accessible from the premises to be produced in a form in which it can be taken away and in which it is visible and legible, or from which it can readily be produced in a visible and legible form.</p></wrapUp></subsection><subsection><num>(5E)</num><content><p>But subsection (5D) does not authorise an appropriate officer to require a person to produce information which the person would be entitled to refuse to provide on grounds of legal professional privilege in proceedings in the High Court.</p></content></subsection><subsection><num>(5F)</num><intro><p>Where an appropriate officer has seized a cryptoasset-related item under subsection (5A), they may use any information obtained from it for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>identifying or gaining access to a crypto wallet, and</p></content></level><level class="para1"><num>(b)</num><content><p>by doing so, enabling or facilitating the seizure under subsection (1) of any cryptoassets.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-40" class="schProv1"><num>40</num><content><p><mod>In section 195R (release of property), in subsection (3)(b), at the end insert <quotedText>“or (5A)”</quotedText>.</mod></p></content></paragraph></hcontainer>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-5" class="schProv1"><num>5</num><content><p><mod>In section 47K (further detention pending making of restraint order), after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e38054"><num>(5)</num><content><p>Exempt property seized under section 47C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(6)</num><intro><p>In subsection (5)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 47C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 47G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-27" class="schProv1"><num>27</num><subparagraph eId="schedule-8-paragraph-27-1"><num>(1)</num><content><p>Section 128 (enforcement administrators) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-27-2"><num>(2)</num><content><p><mod>In subsection (6), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>so far as the property consists of cryptoassets, power to destroy the property.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-27-3"><num>(3)</num><content><p><mod>In subsection (11)(a), for “or (c)” substitute <quotedText>“, (c) or (d)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-27-4"><num>(4)</num><content><p><mod>After subsection (13) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(13A)</num><intro><p>The court may confer the power mentioned in subsection (6)(d) only where—</p></intro><level class="para1"><num>(a)</num><content><p>it is not reasonably practicable to realise the cryptoassets in question, or</p></content></level><level class="para1"><num>(b)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></subsection><subsection><num>(13B)</num><intro><p>An order conferring that power—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the court’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may confer power to destroy the cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(13C)</num><content><p>If the administrator destroys any cryptoassets in the exercise of that power, the accused is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-8-paragraph-38" class="schProv1"><num>38</num><intro><p>In section 195B (conditions for exercise of seizure powers)—</p></intro><level class="para1" eId="schedule-8-paragraph-38-a"><num>(a)</num><content><p>in subsection (2), omit paragraph (b);</p></content></level><level class="para1" eId="schedule-8-paragraph-38-b"><num>(b)</num><content><p>in subsection (3), omit paragraph (b).</p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-8-paragraph-38-a"><num>(a)</num><content><p>in subsection (2), omit paragraph (b);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-8-paragraph-38-b"><num>(b)</num><content><p>in subsection (3), omit paragraph (b).</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-4" class="schProv1"><num>4</num><intro><p>An offence under any of the following provisions of the Theft Act 1968—</p></intro><level class="para1" eId="schedule-11-paragraph-4-a"><num>(a)</num><content><p>section 1 (theft);</p></content></level><level class="para1" eId="schedule-11-paragraph-4-b"><num>(b)</num><content><p>section 17 (false accounting);</p></content></level><level class="para1" eId="schedule-11-paragraph-4-c"><num>(c)</num><content><p>section 19 (false statements by company directors etc);</p></content></level><level class="para1" eId="schedule-11-paragraph-4-d"><num>(d)</num><content><p>section 20 (suppression etc of documents);</p></content></level><level class="para1" eId="schedule-11-paragraph-4-e"><num>(e)</num><content><p>section 24A (dishonestly retaining a wrongful credit).</p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-4-a"><num>(a)</num><content><p>section 1 (theft);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-4-b"><num>(b)</num><content><p>section 17 (false accounting);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-4-c"><num>(c)</num><content><p>section 19 (false statements by company directors etc);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-4-d"><num>(d)</num><content><p>section 20 (suppression etc of documents);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-4-e"><num>(e)</num><content><p>section 24A (dishonestly retaining a wrongful credit).</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-6" class="schProv1"><num>6</num><content><p><mod>In section 47L (further detention pending variation of restraint order), after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e38090"><num>(4)</num><content><p>Exempt property seized under section 47C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(5)</num><intro><p>In subsection (4)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 47C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 47G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-28" class="schProv1"><num>28</num><subparagraph eId="schedule-8-paragraph-28-1"><num>(1)</num><content><p>Section 131ZA (seized money) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-28-2"><num>(2)</num><content><p><mod>In subsection (1)(b), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-28-3"><num>(3)</num><content><p><mod>In subsection (7), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-28-4"><num>(4)</num><intro><p>In subsection (9)—</p></intro><level class="para1" eId="schedule-8-paragraph-28-4-a"><num>(a)</num><content><p><mod>in paragraph (a) of the definition of “appropriate person”, for the words from “a bank” to the end substitute <quotedText>“a relevant financial institution, the relevant financial institution”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-8-paragraph-28-4-b"><num>(b)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-electronic-money-institution">electronic money institution</term>” has the same meaning as in the Electronic Money Regulations 2011 (<ref eId="c00040" href="http://www.legislation.gov.uk/id/uksi/2011/99">S.I. 2011/99</ref>) (see regulation 2 of those Regulations);</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-payment-institution">payment institution</term>” means an authorised payment institution or a small payment institution (each as defined in regulation 2 of the Payment Services Regulations 2017 (<ref eId="c00041" href="http://www.legislation.gov.uk/id/uksi/2017/752">S.I. 2017/752</ref>));</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-financial-institution">relevant financial institution</term>” means a bank, a building society, an electronic money institution or a payment institution;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-8-paragraph-28-5"><num>(5)</num><content><p><mod>For the heading substitute <quotedText>“Money”</quotedText>.</mod></p></content></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-39" class="schProv1"><num>39</num><subparagraph eId="schedule-8-paragraph-39-1"><num>(1)</num><content><p>Section 195C (power to seize property) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-39-2"><num>(2)</num><content><p><mod>In subsection (2), after “not” insert <quotedText>“under subsection (1)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-39-3"><num>(3)</num><content><p><mod>After subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(5A)</num><content><p>On being satisfied as mentioned in section 195B(1) an appropriate officer may seize any free property if the officer has reasonable grounds for suspecting that it is a cryptoasset-related item.</p></content></subsection><subsection><num>(5B)</num><content><p>A “cryptoasset-related item” is an item of property that is, or that contains or gives access to information that is, likely to assist in the seizure under subsection (1) of any cryptoasset.</p></content></subsection><subsection><num>(5C)</num><content><p>The circumstances in which a cryptoasset is “<term refersTo="#term-seized">seized</term>” for the purposes of subsection (1) include circumstances in which it is transferred into a crypto wallet controlled by the appropriate officer.</p></content></subsection><subsection><num>(5D)</num><intro><p>If an appropriate officer is lawfully on any premises, the officer may, for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>determining whether any property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>enabling or facilitating the seizure under subsection (1) of any cryptoasset,</p></content></level><wrapUp><p>require any information which is stored in any electronic form and accessible from the premises to be produced in a form in which it can be taken away and in which it is visible and legible, or from which it can readily be produced in a visible and legible form.</p></wrapUp></subsection><subsection><num>(5E)</num><content><p>But subsection (5D) does not authorise an appropriate officer to require a person to produce information which the person would be entitled to refuse to provide on grounds of legal professional privilege in proceedings in the High Court.</p></content></subsection><subsection><num>(5F)</num><intro><p>Where an appropriate officer has seized a cryptoasset-related item under subsection (5A), they may use any information obtained from it for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>identifying or gaining access to a crypto wallet, and</p></content></level><level class="para1"><num>(b)</num><content><p>by doing so, enabling or facilitating the seizure under subsection (1) of any cryptoassets.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-5" class="schProv1"><num>5</num><intro><p>An offence under any of the following provisions of the Theft Act (Northern Ireland) 1969—</p></intro><level class="para1" eId="schedule-11-paragraph-5-a"><num>(a)</num><content><p>section 1 (theft);</p></content></level><level class="para1" eId="schedule-11-paragraph-5-b"><num>(b)</num><content><p>section 17 (false accounting);</p></content></level><level class="para1" eId="schedule-11-paragraph-5-c"><num>(c)</num><content><p>section 18 (false statements by company directors etc);</p></content></level><level class="para1" eId="schedule-11-paragraph-5-d"><num>(d)</num><content><p>section 19 (suppression etc of documents);</p></content></level><level class="para1" eId="schedule-11-paragraph-5-e"><num>(e)</num><content><p>section 23A (dishonestly retaining a wrongful credit).</p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-5-a"><num>(a)</num><content><p>section 1 (theft);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-5-b"><num>(b)</num><content><p>section 17 (false accounting);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-5-c"><num>(c)</num><content><p>section 18 (false statements by company directors etc);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-5-d"><num>(d)</num><content><p>section 19 (suppression etc of documents);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-5-e"><num>(e)</num><content><p>section 23A (dishonestly retaining a wrongful credit).</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-7" class="schProv1"><num>7</num><subparagraph eId="schedule-8-paragraph-7-1"><num>(1)</num><content><p>Section 47M (further detention in other cases) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-7-2"><num>(2)</num><content><p>In subsection (2)(b), omit “(within the meaning of section 47C(4))”.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-7-3"><num>(3)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e38142"><num>(2A)</num><intro><p>A magistrates’ court may by order extend the period for which the property may be detained under section 47J if satisfied that—</p></intro><level class="para1"><num>(a)</num><content><p>any of the conditions in section 47B is met (reading references in that section to the officer as references to the court),</p></content></level><level class="para1"><num>(b)</num><content><p>the property is free property, and</p></content></level><level class="para1"><num>(c)</num><content><p>there are reasonable grounds for suspecting that the property is a cryptoasset-related item.</p></content></level></subsection><subsection><num>(2B)</num><intro><p>An order under subsection (2A) may not be made in respect of exempt property unless the court is satisfied that the person applying for the order is working diligently and expeditiously—</p></intro><level class="para1"><num>(a)</num><content><p>to determine whether the property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>if it has already been determined to be such an item, to seize any related cryptoassets under section 47C(1).</p></content></level></subsection><subsection><num>(2C)</num><intro><p>An order under subsection (2A) may not extend the period for which the property may be detained beyond the period of—</p></intro><level class="para1"><num>(a)</num><content><p>six months beginning with the date of the order, or</p></content></level><level class="para1" eId="d28e38196"><num>(b)</num><content><p>in the case of exempt property, 14 days beginning with that date.</p></content></level><wrapUp><p>This does not prevent the period from being further extended by another order under this section.</p></wrapUp></subsection><subsection><num>(2D)</num><content><p>The period of 14 days referred to in subsection (2C)(b) is to be calculated in accordance with section 47H(7) (reading the reference there to 48 hours as a reference to 14 days).</p></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-7-4"><num>(4)</num><content><p><mod>In subsection (6), after “section” insert <quotedText startQuote="“">—</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 47C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-29" class="schProv1"><num>29</num><content><p><mod>After section 131ZA insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>131ZB</num><heading>Cryptoassets</heading><subsection><num>(1)</num><intro><p>This section applies to cryptoassets which—</p></intro><level class="para1"><num>(a)</num><content><p>are held by a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>are held in a crypto wallet administered by a UK-connected cryptoasset service provider,</p></content></level><wrapUp><p>but only so far as the cryptoassets are free property.</p></wrapUp></subsection><subsection><num>(2)</num><intro><p>Subsection (3) applies if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against a person holding cryptoassets to which this section applies, and</p></content></level><level class="para1"><num>(b)</num><content><p>an administrator has not been appointed under section 128 in relation to the cryptoassets.</p></content></level></subsection><subsection><num>(3)</num><intro><p>The sheriff may order the UK-connected cryptoasset service provider which administers the crypto wallet in which the cryptoassets are held—</p></intro><level class="para1"><num>(a)</num><content><p>to realise the cryptoassets, or a portion of the cryptoassets having a specified value,</p></content></level><level class="para1"><num>(b)</num><content><p>to pay the proceeds of that realisation to the appropriate clerk of court on account of, and up to a maximum of, the amount payable under the confiscation order, and</p></content></level><level class="para1"><num>(c)</num><content><p>to the extent that the proceeds of the realisation exceed the amount payable under the confiscation order, to pay the excess to an appropriate officer identified in the order.</p></content></level></subsection><subsection><num>(4)</num><intro><p>In subsection (3)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-clerk-of-court">appropriate clerk of court</term>” means the sheriff clerk of the sheriff court responsible for enforcing the confiscation order under section 211 of the Procedure Act as applied by section 118(1);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-officer">appropriate officer</term>” has the same meaning as in section 120A.</p></content></hcontainer></subsection><subsection><num>(5)</num><intro><p>An order under subsection (3) may be made—</p></intro><level class="para1"><num>(a)</num><content><p>on the application of the prosecutor, or</p></content></level><level class="para1"><num>(b)</num><content><p>by the sheriff of the sheriff’s own accord.</p></content></level></subsection><subsection><num>(6)</num><intro><p>Where a UK-connected cryptoasset service provider—</p></intro><level class="para1"><num>(a)</num><content><p>is required by an order under subsection (3) to realise a portion of cryptoassets having a specified value, but</p></content></level><level class="para1"><num>(b)</num><content><p>on realising cryptoassets under the order, obtains proceeds of an amount which differs from that value,</p></content></level><wrapUp><p>it does not fail to comply with the order solely because of that difference in value, provided that it took reasonable steps to obtain proceeds equal to the value specified.</p></wrapUp></subsection></section><section><num>131ZC</num><heading>Meaning of “UK-connected cryptoasset service provider”</heading><subsection><num>(1)</num><intro><p>“UK-connected cryptoasset service provider” in section 131ZB means a cryptoasset service provider which—</p></intro><level class="para1"><num>(a)</num><content><p>is acting in the course of business carried on by it in the United Kingdom,</p></content></level><level class="para1"><num>(b)</num><content><p>has terms and conditions with the persons to whom it provides services which provide for a legal dispute to be litigated in the courts of a part of the United Kingdom,</p></content></level><level class="para1"><num>(c)</num><content><p>holds in the United Kingdom any data relating to the persons to whom it provides services, or</p></content></level><level class="para1"><num>(d)</num><content><p>meets the condition in subsection (2).</p></content></level></subsection><subsection><num>(2)</num><intro><p>The condition in this subsection is that—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider has its registered office or, if it does not have one, its head office in the United Kingdom, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in the United Kingdom.</p></content></level></subsection><subsection><num>(3)</num><intro><p>“Cryptoasset service provider” in subsections (1) and (2) includes a cryptoasset exchange provider and a custodian wallet provider; and for this purpose—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para1"><num>(a)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets;</p></content></level><level class="para1"><num>(b)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another;</p></content></level><level class="para1"><num>(c)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para1"><num>(b)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets.</p></content></level></hcontainer></subsection><subsection><num>(4)</num><content><p>In the definition of “cryptoasset exchange provider” in subsection (3), “<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, a cryptoasset.</p></content></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions in subsection (3) (including by amending subsection (4)).</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State must consult the Scottish Ministers before making regulations under subsection (5).</p></content></subsection></section></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-8-paragraph-40" class="schProv1"><num>40</num><content><p><mod>In section 195R (release of property), in subsection (3)(b), at the end insert <quotedText>“or (5A)”</quotedText>.</mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-6" class="schProv1"><num>6</num><intro><p>An offence under any of the following provisions of the Customs and Excise Management Act 1979—</p></intro><level class="para1" eId="schedule-11-paragraph-6-a"><num>(a)</num><content><p>section 68 (offences in relation to exportation of prohibited or restricted goods);</p></content></level><level class="para1" eId="schedule-11-paragraph-6-b"><num>(b)</num><content><p>section 167 (untrue declarations etc);</p></content></level><level class="para1" eId="schedule-11-paragraph-6-c"><num>(c)</num><content><p>section 170 (fraudulent evasion of duty).</p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-6-a"><num>(a)</num><content><p>section 68 (offences in relation to exportation of prohibited or restricted goods);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-6-b"><num>(b)</num><content><p>section 167 (untrue declarations etc);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-6-c"><num>(c)</num><content><p>section 170 (fraudulent evasion of duty).</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-8" class="schProv1"><num>8</num><content><p><mod>In section 47R (release of property), after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e38239"><num>(6)</num><intro><p>If a cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, the appropriate officer may—</p></intro><level class="para1"><num>(a)</num><content><p>retain the item and deal with it as they see fit,</p></content></level><level class="para1"><num>(b)</num><content><p>dispose of the item, or</p></content></level><level class="para1"><num>(c)</num><content><p>destroy the item.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The powers in subsection (6) may be exercised only—</p></intro><level class="para1"><num>(a)</num><intro><p>where the appropriate officer has taken reasonable steps to notify—</p></intro><level class="para2"><num>(i)</num><content><p>the person from whom the item was seized, and</p></content></level><level class="para2"><num>(ii)</num><content><p>any other persons who the appropriate officer has reasonable grounds to believe have an interest in the item,</p></content></level><wrapUp><p>that the item has been released, and</p></wrapUp></level><level class="para1" eId="d28e38289"><num>(b)</num><content><p>with the approval of a senior officer.</p></content></level></subsection><subsection><num>(8)</num><content><p>“Senior officer” in subsection (7)(b) has the meaning given in section 47G(3).</p></content></subsection><subsection><num>(9)</num><content><p>Any proceeds of a disposal of the item are to be paid into the Consolidated Fund.</p></content></subsection></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-30" class="schProv1"><num>30</num><content><p><mod>After section 131A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>131AA</num><heading>Destruction of seized cryptoassets</heading><subsection><num>(1)</num><content><p>This section applies to cryptoassets which are held by a person and which have been seized by an appropriate officer under a relevant seizure power.</p></content></subsection><subsection><num>(2)</num><intro><p>The sheriff may by order authorise an appropriate officer to destroy the cryptoassets if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against the person by whom the cryptoassets are held,</p></content></level><level class="para1"><num>(b)</num><content><p>an administrator has not been appointed under section 128 in relation to the cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>it is not reasonably practicable to realise the cryptoassets, or</p></content></level><level class="para2"><num>(ii)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></level></subsection><subsection><num>(3)</num><intro><p>An order under this section may be made—</p></intro><level class="para1"><num>(a)</num><content><p>on the application of the prosecutor, or</p></content></level><level class="para1"><num>(b)</num><content><p>by the sheriff of the sheriff’s own accord.</p></content></level></subsection><subsection><num>(4)</num><intro><p>An order under this section—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the sheriff’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may authorise the destruction of cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(5)</num><content><p>Before making an order under this section, the sheriff must give persons who hold interests in the cryptoassets a reasonable opportunity to make representations to it.</p></content></subsection><subsection><num>(6)</num><content><p>If cryptoassets held by a person are destroyed following an order under this section, the person is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection><subsection><num>(7)</num><content><p>In this section “<term refersTo="#term-appropriate-officer">appropriate officer</term>” and “<term refersTo="#term-relevant-seizure-power">relevant seizure power</term>” have the same meaning as in section 120A.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-7" class="schProv1"><num>7</num><content><p>An offence under the Forgery and Counterfeiting Act 1981 (forgery, counterfeiting and kindred offences).</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-31" class="schProv1"><num>31</num><subparagraph eId="schedule-8-paragraph-31-1"><num>(1)</num><content><p>Section 131C (sections 131A and 131B: appeals) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-31-2"><num>(2)</num><content><p><mod>In subsection (1), for “131A” substitute <quotedText>“131A(3)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-31-3"><num>(3)</num><content><p><mod>After subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><content><p>If a sheriff decides not to make an order under section 131ZB(3) or 131AA(2), the prosecutor may appeal to the Court of Session.</p></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-31-4"><num>(4)</num><content><p><mod>In subsection (2), for “131A” substitute <quotedText>“131ZB(3), 131A(3) or 131AA(2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-31-5"><num>(5)</num><content><p><mod>In subsection (3), for “131A(2)(a)” substitute <quotedText>“131ZB(2)(a), 131A(2)(a) or 131AA(2)(a) (as applicable)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-31-6"><num>(6)</num><content><p><mod>In the heading, for “131A and” substitute <quotedText>“131ZB to”</quotedText>.</mod></p></content></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-8" class="schProv1"><num>8</num><content><p>An offence under section 72 of the Value Added Tax Act 1994 (fraudulent evasion of VAT).</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-8-paragraph-32" class="schProv1"><num>32</num><content><p><mod>In section 131D (proceeds of realisation), in subsection (1)(b), after “section” insert <quotedText>“131ZB or”</quotedText>.</mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-9" class="schProv1"><num>9</num><content><p>An offence under section 46A of the Criminal Law (Consolidation) (Scotland) Act 1995 (false monetary instruments).</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-8-paragraph-33" class="schProv1"><num>33</num><content><p><mod>For the italic heading before section 131ZA, substitute <quotedText>“Enforcement: money, cryptoassets and personal property”</quotedText>.</mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-10" class="schProv1"><num>10</num><intro><p>An offence under any of the following sections of the Financial Services and Markets Act 2000—</p></intro><level class="para1" eId="schedule-11-paragraph-10-a"><num>(a)</num><content><p>section 23 (contravention of prohibition on carrying on regulated activity unless authorised or exempt);</p></content></level><level class="para1" eId="schedule-11-paragraph-10-b"><num>(b)</num><content><p>section 25 (contravention of restrictions on financial promotion);</p></content></level><level class="para1" eId="schedule-11-paragraph-10-c"><num>(c)</num><content><p>section 85 (prohibition of dealing etc in transferable securities without approved prospectus);</p></content></level><level class="para1" eId="schedule-11-paragraph-10-d"><num>(d)</num><content><p>section 398 (misleading the FCA or PRA).</p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-10-a"><num>(a)</num><content><p>section 23 (contravention of prohibition on carrying on regulated activity unless authorised or exempt);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-10-b"><num>(b)</num><content><p>section 25 (contravention of restrictions on financial promotion);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-10-c"><num>(c)</num><content><p>section 85 (prohibition of dealing etc in transferable securities without approved prospectus);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-10-d"><num>(d)</num><content><p>section 398 (misleading the FCA or PRA).</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-8-paragraph-34" class="schProv1"><num>34</num><content><p>Omit the italic heading before section 131A.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-11" class="schProv1"><num>11</num><intro><p>An offence under any of the following sections of the Terrorism Act 2000—</p></intro><level class="para1" eId="schedule-11-paragraph-11-a"><num>(a)</num><content><p>section 15 (fund-raising);</p></content></level><level class="para1" eId="schedule-11-paragraph-11-b"><num>(b)</num><content><p>section 16 (use and possession);</p></content></level><level class="para1" eId="schedule-11-paragraph-11-c"><num>(c)</num><content><p>section 17 (funding arrangements);</p></content></level><level class="para1" eId="schedule-11-paragraph-11-d"><num>(d)</num><content><p>section 18 (money laundering);</p></content></level><level class="para1" eId="schedule-11-paragraph-11-e"><num>(e)</num><content><p>section 63 (terrorist finance: jurisdiction).</p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-11-a"><num>(a)</num><content><p>section 15 (fund-raising);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-11-b"><num>(b)</num><content><p>section 16 (use and possession);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-11-c"><num>(c)</num><content><p>section 17 (funding arrangements);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-11-d"><num>(d)</num><content><p>section 18 (money laundering);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-11-e"><num>(e)</num><content><p>section 63 (terrorist finance: jurisdiction).</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-35" class="schProv1"><num>35</num><content><p><mod>In section 132 (powers of court and administrator etc), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>Subsection (2)(a) does not apply to—</p></intro><level class="para1"><num>(a)</num><content><p>the power conferred on a court by paragraph (d) of section 128(6) (which enables the court to give an administrator the power to destroy cryptoassets),</p></content></level><level class="para1"><num>(b)</num><content><p>a power conferred on an administrator by virtue of that paragraph, or</p></content></level><level class="para1"><num>(c)</num><content><p>the power conferred on the sheriff by section 131AA (power to order destruction of cryptoassets).</p></content></level></subsection></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-12" class="schProv1"><num>12</num><intro><p>An offence under any of the following sections of the Proceeds of Crime Act 2002—</p></intro><level class="para1" eId="schedule-11-paragraph-12-a"><num>(a)</num><content><p>section 327 (concealing etc criminal property);</p></content></level><level class="para1" eId="schedule-11-paragraph-12-b"><num>(b)</num><content><p>section 328 (arrangements facilitating acquisition etc of criminal property);</p></content></level><level class="para1" eId="schedule-11-paragraph-12-c"><num>(c)</num><content><p>section 329 (acquisition, use and possession of criminal property);</p></content></level><level class="para1" eId="schedule-11-paragraph-12-d"><num>(d)</num><content><p>section 330 (failing to disclose knowledge or suspicion of money laundering);</p></content></level><level class="para1" eId="schedule-11-paragraph-12-e"><num>(e)</num><content><p>section 333A (tipping off).</p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-12-a"><num>(a)</num><content><p>section 327 (concealing etc criminal property);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-12-b"><num>(b)</num><content><p>section 328 (arrangements facilitating acquisition etc of criminal property);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-12-c"><num>(c)</num><content><p>section 329 (acquisition, use and possession of criminal property);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-12-d"><num>(d)</num><content><p>section 330 (failing to disclose knowledge or suspicion of money laundering);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-12-e"><num>(e)</num><content><p>section 333A (tipping off).</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-13" class="schProv1"><num>13</num><intro><p>An offence under any of the following sections of the Companies Act 2006—</p></intro><level class="para1" eId="schedule-11-paragraph-13-a"><num>(a)</num><content><p>section 658 (general rule against limited company acquiring its own shares);</p></content></level><level class="para1" eId="schedule-11-paragraph-13-b"><num>(b)</num><content><p>section 680 (prohibited financial assistance);</p></content></level><level class="para1" eId="schedule-11-paragraph-13-c"><num>(c)</num><content><p>section 993 (fraudulent trading).</p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-13-a"><num>(a)</num><content><p>section 658 (general rule against limited company acquiring its own shares);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-13-b"><num>(b)</num><content><p>section 680 (prohibited financial assistance);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-13-c"><num>(c)</num><content><p>section 993 (fraudulent trading).</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-14" class="schProv1"><num>14</num><intro><p>An offence under any of the following sections of the Fraud Act 2006—</p></intro><level class="para1" eId="schedule-11-paragraph-14-a"><num>(a)</num><content><p>section 1 (fraud);</p></content></level><level class="para1" eId="schedule-11-paragraph-14-b"><num>(b)</num><content><p>section 6 (possession etc of articles for use in frauds);</p></content></level><level class="para1" eId="schedule-11-paragraph-14-c"><num>(c)</num><content><p>section 7 (making or supplying articles for use in frauds);</p></content></level><level class="para1" eId="schedule-11-paragraph-14-d"><num>(d)</num><content><p>section 9 (participating in fraudulent business carried on by sole trader);</p></content></level><level class="para1" eId="schedule-11-paragraph-14-e"><num>(e)</num><content><p>section 11 (obtaining services dishonestly).</p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-14-a"><num>(a)</num><content><p>section 1 (fraud);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-14-b"><num>(b)</num><content><p>section 6 (possession etc of articles for use in frauds);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-14-c"><num>(c)</num><content><p>section 7 (making or supplying articles for use in frauds);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-14-d"><num>(d)</num><content><p>section 9 (participating in fraudulent business carried on by sole trader);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-14-e"><num>(e)</num><content><p>section 11 (obtaining services dishonestly).</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-15" class="schProv1"><num>15</num><intro><p>An offence under any of the following sections of the Bribery Act 2010—</p></intro><level class="para1" eId="schedule-11-paragraph-15-a"><num>(a)</num><content><p>section 1 (bribing another person);</p></content></level><level class="para1" eId="schedule-11-paragraph-15-b"><num>(b)</num><content><p>section 2 (being bribed);</p></content></level><level class="para1" eId="schedule-11-paragraph-15-c"><num>(c)</num><content><p>section 6 (bribery of foreign public officials);</p></content></level><level class="para1" eId="schedule-11-paragraph-15-d"><num>(d)</num><content><p>section 7 (failure of commercial organisations to prevent bribery).</p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-15-a"><num>(a)</num><content><p>section 1 (bribing another person);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-15-b"><num>(b)</num><content><p>section 2 (being bribed);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-15-c"><num>(c)</num><content><p>section 6 (bribery of foreign public officials);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-15-d"><num>(d)</num><content><p>section 7 (failure of commercial organisations to prevent bribery).</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-16" class="schProv1"><num>16</num><content><p>An offence under section 49 of the Criminal Justice and Licensing (Scotland) Act 2010 (possession, making or supplying articles for use in frauds).</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-17" class="schProv1"><num>17</num><intro><p>An offence under any of the following sections of the Financial Services Act 2012—</p></intro><level class="para1" eId="schedule-11-paragraph-17-a"><num>(a)</num><content><p>section 89 (misleading statements);</p></content></level><level class="para1" eId="schedule-11-paragraph-17-b"><num>(b)</num><content><p>section 90 (misleading impressions);</p></content></level><level class="para1" eId="schedule-11-paragraph-17-c"><num>(c)</num><content><p>section 91 (misleading statements etc in relation to benchmarks).</p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-17-a"><num>(a)</num><content><p>section 89 (misleading statements);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-17-b"><num>(b)</num><content><p>section 90 (misleading impressions);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-17-c"><num>(c)</num><content><p>section 91 (misleading statements etc in relation to benchmarks).</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-18" class="schProv1"><num>18</num><content><p>An offence under section 45 or 46 of the Criminal Finances Act 2017 (failure to prevent the facilitation of UK tax evasion offences or foreign tax evasion offences).</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-19" class="schProv1"><num>19</num><content><p>An offence under regulation 86 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-20" class="schProv1"><num>20</num><content><p>An offence under regulations made under section 49 of the Sanctions and Anti-Money Laundering Act 2018 (money laundering and terrorist financing etc).</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-21" class="schProv1"><num>21</num><content><p>An offence under section 199 of this Act (failure to prevent fraud).</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-22" class="schProv1"><num>22</num><subparagraph eId="schedule-11-paragraph-22-1"><num>(1)</num><content><p>An offence under an instrument made under section 2(2) of the European Communities Act 1972 for the purpose of implementing, or otherwise in relation to, EU obligations created or arising by or under an EU financial sanctions Regulation.</p></content></subparagraph><subparagraph eId="schedule-11-paragraph-22-2"><num>(2)</num><content><p>An offence under an Act or under subordinate legislation where the offence was created for the purpose of implementing a UN financial sanctions Resolution.</p></content></subparagraph><subparagraph eId="schedule-11-paragraph-22-3"><num>(3)</num><content><p>An offence under paragraph 7 of Schedule 3 to the Anti-terrorism, Crime and Security Act 2001 (freezing orders).</p></content></subparagraph><subparagraph eId="schedule-11-paragraph-22-4"><num>(4)</num><content><p>An offence under paragraph 30 or 30A of Schedule 7 to the Counter-Terrorism Act 2008 where the offence relates to a requirement of the kind mentioned in paragraph 13 of that Schedule.</p></content></subparagraph><subparagraph eId="schedule-11-paragraph-22-5"><num>(5)</num><content><p>An offence under paragraph 31 of Schedule 7 to the Counter-Terrorism Act 2008.</p></content></subparagraph><subparagraph eId="schedule-11-paragraph-22-6"><num>(6)</num><content><p>An offence under regulations made under section 1 of the Sanctions and Anti-Money Laundering Act 2018 (sanctions regulations).</p></content></subparagraph><subparagraph eId="schedule-11-paragraph-22-7"><num>(7)</num><intro><p>In this paragraph—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-eu-financial-sanctions-regulation" eId="term-eu-financial-sanctions-regulation">EU financial sanctions Regulation</term>” and “<term refersTo="#term-un-financial-sanctions-resolution" eId="term-un-financial-sanctions-resolution">UN financial sanctions Resolution</term>” have the same meanings as in Part 8 of the Policing and Crime Act 2017 (see section 143 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-subordinate-legislation" eId="term-subordinate-legislation">subordinate legislation</term>” has the same meaning as in the Interpretation Act 1978.</p></content></hcontainer></subparagraph></paragraph>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content><p>“register of secretaries”.</p></content></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-disqualification-in-relation-to-companies"><heading>Disqualification in relation to companies</heading><section eId="section-31"><num>31</num><heading>Disqualification for persistent breaches of companies legislation: GB</heading><subsection eId="section-31-1"><num>(1)</num><content><p>Section 3 of the Company Directors Disqualification Act 1986 (disqualification for persistent breaches of companies legislation) is amended as follows.</p></content></subsection><subsection eId="section-31-2"><num>(2)</num><content><p><mod>In subsection (1), for the words from “provisions of the companies legislation” to the end substitute <quotedText>“relevant provisions of the companies legislation (see subsection <ref href="#d28e3637">(3B)</ref>)”</quotedText>.</mod></p></content></subsection><subsection eId="section-31-3"><num>(3)</num><content><p><mod>In subsection (2), for “such provisions as are mentioned above” substitute <quotedText>“relevant provisions of the companies legislation”</quotedText>.</mod></p></content></subsection><subsection eId="section-31-4"><num>(4)</num><intro><p>In subsection (3)—</p></intro><level class="para1" eId="section-31-4-a"><num>(a)</num><content><p><mod>for “provision of that legislation” substitute <quotedText>“such provision”</quotedText>;</mod></p></content></level><level class="para1" eId="section-31-4-b"><num>(b)</num><content><p><mod>after paragraph (a) (but before the “or” at the end of that paragraph) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e3610"><num>(aa)</num><intro><p>a financial penalty is imposed on the person in respect of such an offence by virtue of regulations under—</p></intro><level class="para2"><num>(i)</num><content><p>section 1132A of the Companies Act 2006, or</p></content></level><level class="para2"><num>(ii)</num><content><p>section 39 of the Economic Crime (Transparency and Enforcement) Act 2022,</p></content></level></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subsection><subsection eId="section-31-5"><num>(5)</num><content><p><mod>After subsection (3A) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e3637"><num>(3B)</num><intro><p>In this section “<term refersTo="#term-relevant-provisions-of-the-companies-legislation">relevant provisions of the companies legislation</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>any provision of the companies legislation requiring any return, account or other document to be filed with, delivered or sent, or notice of any matter to be given, to the registrar of companies,</p></content></level><level class="para1"><num>(b)</num><content><p>sections 167M and 167N of the Companies Act 2006 (prohibitions on acting as director where identity not verified or where there has been a failure to notify a directorship), and</p></content></level><level class="para1" eId="d28e3658"><num>(c)</num><content><p>sections <ref href="#d28e8729">790LQ</ref> and <ref href="#d28e8815">790LR</ref> of the Companies Act 2006 (persons with significant control: ongoing duties in relation to identity verification).</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-31-6"><num>(6)</num><content><p><mod>For subsection (4A) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4A)</num><intro><p>In this section “<term refersTo="#term-the-companies-legislation">the companies legislation</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>the Companies Acts,</p></content></level><level class="para1"><num>(b)</num><content><p>Parts A1 to 7 of the Insolvency Act 1986 (company insolvency and winding up), and</p></content></level><level class="para1"><num>(c)</num><content><p>Part 1 of the Economic Crime (Transparency and Enforcement) Act 2022 (registration of overseas entities).</p></content></level></subsection></quotedStructure></mod></p></content></subsection></section><section eId="section-32"><num>32</num><heading>Disqualification for persistent breaches of companies legislation: NI</heading><subsection eId="section-32-1"><num>(1)</num><content><p>The Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00001" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4)</ref>) is amended as follows.</p></content></subsection><subsection eId="section-32-2"><num>(2)</num><intro><p>In Article 6 (disqualification for persistent breaches of companies legislation)—</p></intro><level class="para1" eId="section-32-2-a"><num>(a)</num><content><p><mod>in paragraph (1), for the words from “provisions of the companies legislation” to the end substitute <quotedText>“relevant provisions of the companies legislation (see paragraph <ref href="#d28e3783">(3ZA)</ref>)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-32-2-b"><num>(b)</num><content><p><mod>in paragraph (2), for “such provisions as are mentioned in paragraph (1)” substitute <quotedText>“relevant provisions of the companies legislation”</quotedText>;</mod></p></content></level><level class="para1" eId="section-32-2-c"><num>(c)</num><content><p><mod>in paragraph (3), after sub-paragraph (a) (but before the “or” at the end of that sub-paragraph) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e3756"><num>(aa)</num><intro><p>a financial penalty is imposed on the person by the registrar in respect of such an offence by virtue of regulations under—</p></intro><level class="para2"><num>(i)</num><content><p>section 1132A of the Companies Act 2006, or</p></content></level><level class="para2"><num>(ii)</num><content><p>section 39 of the Economic Crime (Transparency and Enforcement) Act 2022,</p></content></level></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-32-2-d"><num>(d)</num><content><p><mod>after paragraph (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph eId="d28e3783"><num>(3ZA)</num><intro><p>In this Article “<term refersTo="#term-relevant-provisions-of-the-companies-legislation">relevant provisions of the companies legislation</term>” means—</p></intro><level class="para1" eId="d28e3792"><num>(a)</num><content><p>any provision of the companies legislation requiring any return, account or other document to be filed with, delivered or sent, or notice of any matter to be given, to the registrar,</p></content></level><level class="para1"><num>(b)</num><content><p>sections 167M and 167N of the Companies Act 2006 (prohibitions on acting as director where identity not verified or where there has been a failure to notify a directorship), and</p></content></level><level class="para1"><num>(c)</num><content><p>sections <ref href="#d28e8729">790LQ</ref> and <ref href="#d28e8815">790LR</ref> of the Companies Act 2006 (persons with significant control: ongoing duties in relation to identity verification).</p></content></level></paragraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-32-2-e"><num>(e)</num><content><p><mod>for paragraph (3A) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph><num>(3A)</num><intro><p>In this Article “<term refersTo="#term-the-companies-legislation">the companies legislation</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>the Companies Acts,</p></content></level><level class="para1"><num>(b)</num><content><p>Parts 1A to 7 of the Insolvency (Northern Ireland) Order 1989 (company insolvency and winding up), and</p></content></level><level class="para1"><num>(c)</num><content><p>Part 1 of the Economic Crime (Transparency and Enforcement) Act 2022 (registration of overseas entities).</p></content></level></paragraph></quotedStructure></mod></p></content></level></subsection><subsection eId="section-32-3"><num>(3)</num><content><p><mod>In Article 25A (application of Order to registered societies), in paragraph (2)(c), for “Articles 6(1) and 8(1)” substitute <quotedText>“Article 6<ref href="#d28e3792">(3ZA)(a)</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-32-4"><num>(4)</num><content><p><mod>In Article 25B (application of Order to credit unions), in paragraph (3)(b), for “Articles 6(1) and 8(1) references” substitute <quotedText>“Article 6<ref href="#d28e3792">(3ZA)(a)</ref> the reference”</quotedText>.</mod></p></content></subsection></section><section eId="section-33"><num>33</num><heading>Disqualification on summary conviction: GB</heading><subsection eId="section-33-1"><num>(1)</num><content><p>Section 5 of the Company Directors Disqualification Act 1986 (disqualification on summary conviction) is amended as follows.</p></content></subsection><subsection eId="section-33-2"><num>(2)</num><content><p><mod>In subsection (1), for the words from “provision of the companies legislation” to “the registrar of companies” substitute <quotedText>“of the relevant provisions of the companies legislation”</quotedText>.</mod></p></content></subsection><subsection eId="section-33-3"><num>(3)</num><content><p><mod>For subsection (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><content><p>Those circumstances are that, during the 5 years ending with the date of the conviction, there have been no fewer than 3 relevant findings of guilt in relation to the person.</p></content></subsection><subsection><num>(3A)</num><intro><p>For these purposes, there is a relevant finding of guilt in relation to the person if —</p></intro><level class="para1"><num>(a)</num><content><p>the person is convicted of an offence counting for the purposes of this section (including the offence of which the person is convicted as mentioned in subsection (2) and any other offence of which the person is convicted on the same occasion),</p></content></level><level class="para1"><num>(b)</num><content><p>a financial penalty of the kind mentioned in section 3(3)(aa) is imposed on the person, or</p></content></level><level class="para1"><num>(c)</num><content><p>a default order within the meaning of section 3(3)(b) is made against the person.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-33-4"><num>(4)</num><content><p>In subsection (4), omit paragraph (b) and the “and” before it.</p></content></subsection><subsection eId="section-33-5"><num>(5)</num><content><p><mod>For subsection (4A) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4A)</num><content><p>In this section “<term refersTo="#term-relevant-provisions-of-the-companies-legislation">relevant provisions of the companies legislation</term>” has the meaning given by section 3(3B).</p></content></subsection></quotedStructure></mod></p></content></subsection></section><section eId="section-34"><num>34</num><heading>Disqualification on summary conviction: NI</heading><subsection eId="section-34-1"><num>(1)</num><content><p>Article 8 of the Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00002" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4)</ref>) (disqualification on summary conviction) is amended as follows.</p></content></subsection><subsection eId="section-34-2"><num>(2)</num><content><p><mod>In paragraph (1), for the words from “provision of the companies legislation” to “the registrar” substitute <quotedText>“of the relevant provisions of the companies legislation”</quotedText>.</mod></p></content></subsection><subsection eId="section-34-3"><num>(3)</num><content><p><mod>For paragraph (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph><num>(3)</num><content><p>Those circumstances are that, during the 5 years ending with the date of the conviction, there have been no fewer than 3 relevant findings of guilt in relation to the person.</p></content></paragraph><paragraph><num>(3A)</num><intro><p>For these purposes, there is a relevant finding of guilt in relation to the person if —</p></intro><level class="para1"><num>(a)</num><content><p>the person is convicted of an offence counting for the purposes of this Article (including the offence of which the person is convicted as mentioned in paragraph (2) and any other offence of which the person is convicted on the same occasion),</p></content></level><level class="para1"><num>(b)</num><content><p>a financial penalty of the kind mentioned in Article 6(3)(aa) is imposed on the person, or</p></content></level><level class="para1"><num>(c)</num><content><p>a default order within the meaning of Article 6(3)(b) is made against the person.</p></content></level></paragraph></quotedStructure></mod></p></content></subsection><subsection eId="section-34-4"><num>(4)</num><content><p>Omit paragraph (4).</p></content></subsection><subsection eId="section-34-5"><num>(5)</num><content><p><mod>For paragraph (4A) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph><num>(4A)</num><content><p>In this Article “<term refersTo="#term-relevant-provisions-of-the-companies-legislation">relevant provisions of the companies legislation</term>” has the meaning given by Article 6(3ZA).</p></content></paragraph></quotedStructure></mod></p></content></subsection></section><section eId="section-35"><num>35</num><heading>Power to impose director disqualification sanctions</heading><subsection eId="section-35-1"><num>(1)</num><content><p>The Sanctions and Anti-Money Laundering Act 2018 is amended as follows.</p></content></subsection><subsection eId="section-35-2"><num>(2)</num><content><p><mod>In section 1 (power to make sanctions regulations), in subsection (5), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e4067"><num>(aa)</num><content><p>impose director disqualification sanctions (see section <ref href="#d28e4088">3A</ref>);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-35-3"><num>(3)</num><content><p><mod>After section 3 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e4088"><num>3A</num><heading>Director disqualification sanctions</heading><subsection><num>(1)</num><intro><p>For the purposes of section 1(5)<ref href="#d28e4067">(aa)</ref> regulations “impose director disqualification sanctions” if they provide for designated persons (see section 9) to be persons subject to director disqualification sanctions for the purposes of—</p></intro><level class="para1"><num>(a)</num><content><p>section 11A of the Company Directors Disqualification Act 1986, and</p></content></level><level class="para1"><num>(b)</num><content><p>Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002.</p></content></level></subsection><subsection><num>(2)</num><intro><p>As to the effect of such provision, see—</p></intro><level class="para1"><num>(a)</num><content><p>section 11A of the Company Directors Disqualification Act 1986, and</p></content></level><level class="para1"><num>(b)</num><content><p>Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002.</p></content></level></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-35-4"><num>(4)</num><intro><p>In section 9 (“designated persons”)—</p></intro><level class="para1" eId="section-35-4-a"><num>(a)</num><content><p><mod>in subsection (1), for “3 and 4” substitute <quotedText>“3 to 4”</quotedText>;</mod></p></content></level><level class="para1" eId="section-35-4-b"><num>(b)</num><content><p><mod>in subsection (3), after “3,” insert <quotedText>“<ref href="#d28e4088">3A</ref>,”</quotedText>.</mod></p></content></level></subsection><subsection eId="section-35-5"><num>(5)</num><content><p><mod>In section 15 (exceptions and licences), after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e4165"><num>(3A)</num><intro><p>Where regulations provide for designated persons to be persons subject to director disqualification sanctions for the purposes of section 11A of the Company Directors Disqualification Act 1986 and Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002, the regulations may—</p></intro><level class="para1"><num>(a)</num><content><p>create exceptions from subsection (1) of that section or paragraph (1) of that Article;</p></content></level><level class="para1"><num>(b)</num><content><p>confer power on an appropriate Minister to issue a licence to authorise a designated person to do anything that would otherwise be prohibited by subsection (1) of that section or paragraph (1) of that Article.</p></content></level></subsection><subsection><num>(3B)</num><content><p>Regulations may, as respects any licences provided for under subsection <ref href="#d28e4165">(3A)</ref>, make any provision mentioned (in relation to licences) in subsection (3).</p></content></subsection></quotedStructure></mod></p></content></subsection></section><section eId="section-36"><num>36</num><heading>Disqualification of persons designated under sanctions legislation: GB</heading><subsection eId="section-36-1"><num>(1)</num><content><p>The Company Directors Disqualification Act 1986 is amended as follows.</p></content></subsection><subsection eId="section-36-2"><num>(2)</num><content><p><mod>After section 11 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e4217"><num>11A</num><heading>Designated persons under sanctions legislation</heading><subsection eId="d28e4221"><num>(1)</num><content><p>It is an offence for a person who is subject to director disqualification sanctions to act as a director of a company or directly or indirectly to take part in or be concerned in the promotion, formation or management of a company (but see subsection <ref href="#d28e4230">(2)</ref>).</p></content></subsection><subsection eId="d28e4230"><num>(2)</num><intro><p>Subsection <ref href="#d28e4221">(1)</ref> does not apply—</p></intro><level class="para1"><num>(a)</num><content><p>to the extent that an exception from subsection (1) has been created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, or</p></content></level><level class="para1"><num>(b)</num><content><p>to anything done under the authority of a licence issued by virtue of section 15(3A) of that Act.</p></content></level></subsection><subsection><num>(3)</num><content><p>It is a defence for a person charged with an offence under this section to prove that they did not know and could not reasonably have been expected to know that they were subject to director disqualification sanctions at the time at which they engaged in that conduct.</p></content></subsection><subsection><num>(4)</num><content><p>In this section “<term refersTo="#term-person-who-is-subject-to-director-disqualification-sanctions">person who is subject to director disqualification sanctions</term>” means a person who under regulations under section 1 of the Sanctions and Anti-Money Laundering Act 2018 is a person subject to director disqualification sanctions for the purposes of this section and Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002 (see section 3A of the Sanctions and Anti-Money Laundering Act 2018).</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-36-3"><num>(3)</num><content><p><mod>In section 13 (criminal penalties), after “section 11” insert <quotedText>“or <ref href="#d28e4217">11A</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-36-4"><num>(4)</num><content><p><mod>In section 14 (offences by body corporate), for subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><intro><p>a body corporate is—</p></intro><level class="para2"><num>(i)</num><content><p>guilty of an offence of acting in contravention of a disqualification order or disqualification undertaking or in contravention of section 12A or 12B, or</p></content></level><level class="para2"><num>(ii)</num><content><p>guilty of an offence under section 11A, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>it is proved that the offence occurred with the consent or connivance of, or was attributable to any neglect on the part of any director, manager, secretary or other similar officer of the body corporate, or any person who was purporting to act in any such capacity,</p></content></level><wrapUp><p>the person, as well as the body corporate, is guilty of the offence and liable to be proceeded against and punished accordingly.</p></wrapUp></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-36-5"><num>(5)</num><intro><p>In section 15 (personal liability for company’s debts where person acts while disqualified)—</p></intro><level class="para1" eId="section-36-5-a"><num>(a)</num><content><p><mod>in subsection (1)(a), after “section 11” insert <quotedText>“, <ref href="#d28e4217">11A</ref>”</quotedText>;</mod></p></content></level><level class="para1" eId="section-36-5-b"><num>(b)</num><content><p>omit the “or” at the end of subsection (1)(a);</p></content></level><level class="para1" eId="section-36-5-c"><num>(c)</num><content><p><mod>after subsection (1)(b) insert <quotedText startQuote="“">, or</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><intro><p>as a person who is involved in the management of the company, they act or are willing to act on instructions where—</p></intro><level class="para2"><num>(i)</num><content><p>the instructions are given by a person whom they know at that time to be subject to director disqualification sanctions (within the meaning of section 11A),</p></content></level><level class="para2"><num>(ii)</num><content><p>the giving of the instructions does not fall within any exception from section 11A(1) created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, and</p></content></level><level class="para2"><num>(iii)</num><content><p>the instructions are not authorised,</p></content></level><wrapUp><p>(but see subsection (3A)).</p></wrapUp></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-36-5-d"><num>(d)</num><content><p><mod>in subsection (3)(b), after “(b)” insert <quotedText>“or (c)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-36-5-e"><num>(e)</num><content><p><mod>after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>a person who is subject to director disqualification sanctions (within the meaning of section 11A) is not personally responsible under subsection (1)(a) for any relevant debts of the company incurred at a time when the person did not know and could not reasonably have been expected to know that they were subject to director disqualification sanctions;</p></content></level><level class="para1"><num>(b)</num><content><p>a person is not personally responsible under subsection (1)(c) for any relevant debts of the company incurred at a time when the person reasonably believed that the instructions were authorised.</p></content></level></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-36-5-f"><num>(f)</num><content><p><mod>after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6)</num><intro><p>Subsection <ref href="#d28e4468">(7)</ref> applies where a person (“<term refersTo="#term-p">P</term>”) at any time—</p></intro><level class="para1"><num>(a)</num><content><p>was involved in the management of a company, and</p></content></level><level class="para1"><num>(b)</num><intro><p>acted on instructions where—</p></intro><level class="para2"><num>(i)</num><content><p>the instructions were given by a person (“<term refersTo="#term-d">D</term>”) whom P knew at that time to be subject to director disqualification sanctions (within the meaning of section 11A),</p></content></level><level class="para2"><num>(ii)</num><content><p>the giving of the instructions did not fall within any exception from section 11A(1) created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, and</p></content></level><level class="para2"><num>(iii)</num><content><p>the instructions were not authorised,</p></content></level></level><wrapUp><p>unless P reasonably believed at that time that the instructions were authorised.</p></wrapUp></subsection><subsection eId="d28e4468"><num>(7)</num><content><p>For the purposes of this section P is presumed, unless the contrary is shown, to have been willing at any time thereafter to act on any instructions given by D.</p></content></subsection><subsection><num>(8)</num><content><p>For the purposes of this section instructions are “authorised” if they are given under the authority of a licence issued by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-36-6"><num>(6)</num><content><p><mod>In section 18 (register of disqualification orders and undertakings), in subsection (2A), after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>persons who are subject to director disqualification sanctions within the meaning of section 11A;</p></content></level><level class="para1"><num>(e)</num><content><p>any licences issued by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018.</p></content></level></quotedStructure></mod></p></content></subsection><subsection eId="section-36-7"><num>(7)</num><content><p><mod>In section 21 (interaction with Insolvency Act), in subsection (4), after “section 11” insert <quotedText>“, <ref href="#d28e4217">11A</ref>”</quotedText>.</mod></p></content></subsection></section><section eId="section-37"><num>37</num><heading>Section 36: application to other bodies</heading><subsection eId="section-37-1"><num>(1)</num><content><p>The Company Directors Disqualification Act 1986 is amended as follows.</p></content></subsection><subsection eId="section-37-2"><num>(2)</num><content><p><mod>In section 22A (application of Act to building societies), in subsection (3A)(a), for “and 7(2)(b)” substitute <quotedText>“, 7(2)(b) and 11A”</quotedText>.</mod></p></content></subsection><subsection eId="section-37-3"><num>(3)</num><content><p><mod>In section 22B (application of Act to incorporated friendly societies), in subsection (3A)(a), for “and 8ZA to 8ZE” substitute <quotedText>“, 8ZA to 8ZE and 11A”</quotedText>.</mod></p></content></subsection><subsection eId="section-37-4"><num>(4)</num><content><p><mod>In section 22C (application of Act to NHS foundation trusts), in subsection (2A)(a), for “and 7(2)(b)” substitute <quotedText>“, 7(2)(b) and 11A”</quotedText>.</mod></p></content></subsection><subsection eId="section-37-5"><num>(5)</num><content><p><mod>In section 22E (application of Act to registered societies), in subsection (4)(f), for “and 8ZA to 8ZE” substitute <quotedText>“, 8ZA to 8ZE and 11A”</quotedText>.</mod></p></content></subsection><subsection eId="section-37-6"><num>(6)</num><content><p><mod>In section 22F (application of Act to charitable incorporated organisations), in subsection (3), after paragraph (d) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(da)</num><content><p>section 11A is to be disregarded;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-37-7"><num>(7)</num><content><p><mod>In section 22G (application of Act to further education bodies), in subsection (3), after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>section 11A is to be disregarded.</p></content></level></quotedStructure></mod></p></content></subsection><subsection eId="section-37-8"><num>(8)</num><content><p><mod>In section 22H (application of Act to protected cell companies), in subsection (4)(za), in subsection (4)(za), for “and 7(2)(b)” substitute <quotedText>“, 7(2)(b) and 11A”</quotedText>.</mod></p></content></subsection><subsection eId="section-37-9"><num>(9)</num><content><p>The Secretary of State may by regulations repeal any of the previous subsections of this section before the subsection is brought into force.</p></content></subsection></section><section eId="section-38"><num>38</num><heading>Disqualification of persons designated under sanctions legislation: NI</heading><subsection eId="section-38-1"><num>(1)</num><content><p>The Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00003" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4)</ref>) is amended as follows.</p></content></subsection><subsection eId="section-38-2"><num>(2)</num><content><p><mod>After Article 15 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><article eId="d28e4633"><heading>Designated persons under sanctions legislation</heading><num>15A</num><paragraph><num>(1)</num><content><p>It is an offence for a person who is subject to director disqualification sanctions to act as a director of a company or directly or indirectly to take part in or be concerned in the promotion, formation or management of a company (but see paragraph <ref href="#d28e4646">(2)</ref>).</p></content></paragraph><paragraph eId="d28e4646"><num>(2)</num><intro><p>Paragraph (1) does not apply—</p></intro><level class="para1"><num>(a)</num><content><p>to the extent that an exception from paragraph (1) has been created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, or</p></content></level><level class="para1"><num>(b)</num><content><p>to anything done under the authority of a licence issued by virtue of section 15(3A) of that Act.</p></content></level></paragraph><paragraph><num>(3)</num><content><p>It is a defence for a person charged with an offence under this Article to prove that they did not know and could not reasonably have been expected to know that they were subject to director disqualification sanctions at the time at which they engaged in that conduct.</p></content></paragraph><paragraph><num>(4)</num><content><p>In this Article “<term refersTo="#term-person-who-is-subject-to-director-disqualification-sanctions">person who is subject to director disqualification sanctions</term>” means a person who under regulations under section 1 of the Sanctions and Anti-Money Laundering Act 2018 is a person subject to director disqualification sanctions for the purposes of this Article and section 11A of the Company Directors Disqualification Act 1986 (see section 3A of the Sanctions and Anti-Money Laundering Act 2018).</p></content></paragraph></article></quotedStructure></mod></p></content></subsection><subsection eId="section-38-3"><num>(3)</num><intro><p>In Article 18 (criminal penalties)—</p></intro><level class="para1" eId="section-38-3-a"><num>(a)</num><content><p>omit “15,”;</p></content></level><level class="para1" eId="section-38-3-b"><num>(b)</num><content><p><mod>for “and” substitute <quotedText>“; and any person guilty of an offence under this Article or Article 15 or 15A”</quotedText>.</mod></p></content></level></subsection><subsection eId="section-38-4"><num>(4)</num><intro><p>In Article 19 (personal liability for company’s debts where person acts while disqualified)—</p></intro><level class="para1" eId="section-38-4-a"><num>(a)</num><content><p><mod>in paragraph (1)(a), after “Article 15” insert <quotedText>“, 15A”</quotedText>;</mod></p></content></level><level class="para1" eId="section-38-4-b"><num>(b)</num><content><p>omit the “or” at the end of paragraph (1)(a);</p></content></level><level class="para1" eId="section-38-4-c"><num>(c)</num><content><p><mod>after paragraph (1)(b) insert <quotedText startQuote="“">, or</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><intro><p>as a person who is involved in the management of the company, they act or are willing to act on instructions where—</p></intro><level class="para2"><num>(i)</num><content><p>the instructions are given by a person whom they know at that time to be subject to director disqualification sanctions (within the meaning of Article 15A),</p></content></level><level class="para2"><num>(ii)</num><content><p>the giving of the instructions does not fall within any exception from Article 15A(1) created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, and</p></content></level><level class="para2"><num>(iii)</num><content><p>the instructions are not authorised,</p></content></level><wrapUp><p>(but see paragraph (3A)).</p></wrapUp></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-38-4-d"><num>(d)</num><content><p><mod>in paragraph (3)(b), after “(1)(b)” insert <quotedText>“or (c)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-38-4-e"><num>(e)</num><content><p><mod>after paragraph (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph><num>(3A)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>a person who is subject to director disqualification sanctions (within the meaning of Article 15A) is not personally responsible under paragraph (1)(a) for any relevant debts of the company incurred at a time when the person did not know and could not reasonably have been expected to know that they were subject to director disqualification sanctions;</p></content></level><level class="para1"><num>(b)</num><content><p>a person is not personally responsible under paragraph (1)(c) for any relevant debts of the company incurred at a time when the person reasonably believed that the instructions were authorised.</p></content></level></paragraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-38-4-f"><num>(f)</num><content><p><mod>in paragraph (5), in the closing words, after “given” insert <quotedText>“by”</quotedText>;</mod></p></content></level><level class="para1" eId="section-38-4-g"><num>(g)</num><content><p><mod>after paragraph (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph><num>(6)</num><intro><p>Paragraph <ref href="#d28e4857">(7)</ref> applies where a person (“<term refersTo="#term-p">P</term>”) at any time—</p></intro><level class="para1"><num>(a)</num><content><p>was involved in the management of a company, and</p></content></level><level class="para1"><num>(b)</num><intro><p>acted on instructions where—</p></intro><level class="para2"><num>(i)</num><content><p>the instructions were given by a person (“<term refersTo="#term-d">D</term>”) whom P knew at that time to be subject to director disqualification sanctions (within the meaning of Article 15A),</p></content></level><level class="para2"><num>(ii)</num><content><p>the giving of the instructions did not fall within any exception from Article 15A(1) created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, and</p></content></level><level class="para2"><num>(iii)</num><content><p>the instructions were not authorised,</p></content></level></level><wrapUp><p>unless P reasonably believed at that time that the instructions were authorised.</p></wrapUp></paragraph><paragraph eId="d28e4857"><num>(7)</num><content><p>For the purposes of this Article P is presumed, unless the contrary is shown, to have been willing at any time thereafter to act on any instructions given by D.</p></content></paragraph><paragraph><num>(8)</num><content><p>For the purposes of this Article instructions are “authorised” if they are given under the authority of a licence issued by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018.</p></content></paragraph></quotedStructure></mod></p></content></level></subsection><subsection eId="section-38-5"><num>(5)</num><content><p><mod>In Article 22 (register of disqualification orders and undertakings), in paragraph (3), after sub-paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>persons who are subject to director disqualification sanctions within the meaning of Article 15A;</p></content></level><level class="para1"><num>(e)</num><content><p>any licences issued by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018 that authorise such a person to do anything that would otherwise be prohibited by Article 15A(1).</p></content></level></quotedStructure></mod></p></content></subsection></section><section eId="section-39"><num>39</num><heading>Section 38: application to other bodies</heading><subsection eId="section-39-1"><num>(1)</num><content><p>The Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00004" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4)</ref>) is amended as follows.</p></content></subsection><subsection eId="section-39-2"><num>(2)</num><content><p><mod>In Article 24D (application of Order to building societies), in paragraph (3A)(a), for “and 10(2)(b) and (5A)” substitute <quotedText>“, 10(2)(b) and (5A) and <ref href="#d28e4633">15A</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-39-3"><num>(3)</num><content><p><mod>In Article 25 (application of Order to incorporated friendly societies), in paragraph (3A)(a), for “and 11A to 11E” substitute <quotedText>“, 11A to 11E and <ref href="#d28e4633">15A</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-39-4"><num>(4)</num><content><p><mod>In Article 25A (application of Order to registered societies), in paragraph (2)(g), for “and 11A to 11E” substitute <quotedText>“, 11A to 11E and <ref href="#d28e4633">15A</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-39-5"><num>(5)</num><content><p><mod>In Article 25B (application of Order to credit unions), in paragraph (3)(c), for “and 11A to 11E” substitute <quotedText>“, 11A to 11E and <ref href="#d28e4633">15A</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-39-6"><num>(6)</num><content><p><mod>In Article 25C (application of Order to protected cell companies), in paragraph (4)(za), for “and 10(2)(b) and (5A)” substitute <quotedText>“, 10(2)(b) and (5A) and <ref href="#d28e4633">15A</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-39-7"><num>(7)</num><content><p>The Secretary of State may by regulations repeal any of the previous subsections of this section before the subsection is brought into force.</p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-31"><num>31</num><heading>Disqualification for persistent breaches of companies legislation: GB</heading><subsection eId="section-31-1"><num>(1)</num><content><p>Section 3 of the Company Directors Disqualification Act 1986 (disqualification for persistent breaches of companies legislation) is amended as follows.</p></content></subsection><subsection eId="section-31-2"><num>(2)</num><content><p><mod>In subsection (1), for the words from “provisions of the companies legislation” to the end substitute <quotedText>“relevant provisions of the companies legislation (see subsection <ref href="#d28e3637">(3B)</ref>)”</quotedText>.</mod></p></content></subsection><subsection eId="section-31-3"><num>(3)</num><content><p><mod>In subsection (2), for “such provisions as are mentioned above” substitute <quotedText>“relevant provisions of the companies legislation”</quotedText>.</mod></p></content></subsection><subsection eId="section-31-4"><num>(4)</num><intro><p>In subsection (3)—</p></intro><level class="para1" eId="section-31-4-a"><num>(a)</num><content><p><mod>for “provision of that legislation” substitute <quotedText>“such provision”</quotedText>;</mod></p></content></level><level class="para1" eId="section-31-4-b"><num>(b)</num><content><p><mod>after paragraph (a) (but before the “or” at the end of that paragraph) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e3610"><num>(aa)</num><intro><p>a financial penalty is imposed on the person in respect of such an offence by virtue of regulations under—</p></intro><level class="para2"><num>(i)</num><content><p>section 1132A of the Companies Act 2006, or</p></content></level><level class="para2"><num>(ii)</num><content><p>section 39 of the Economic Crime (Transparency and Enforcement) Act 2022,</p></content></level></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subsection><subsection eId="section-31-5"><num>(5)</num><content><p><mod>After subsection (3A) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e3637"><num>(3B)</num><intro><p>In this section “<term refersTo="#term-relevant-provisions-of-the-companies-legislation">relevant provisions of the companies legislation</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>any provision of the companies legislation requiring any return, account or other document to be filed with, delivered or sent, or notice of any matter to be given, to the registrar of companies,</p></content></level><level class="para1"><num>(b)</num><content><p>sections 167M and 167N of the Companies Act 2006 (prohibitions on acting as director where identity not verified or where there has been a failure to notify a directorship), and</p></content></level><level class="para1" eId="d28e3658"><num>(c)</num><content><p>sections <ref href="#d28e8729">790LQ</ref> and <ref href="#d28e8815">790LR</ref> of the Companies Act 2006 (persons with significant control: ongoing duties in relation to identity verification).</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-31-6"><num>(6)</num><content><p><mod>For subsection (4A) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4A)</num><intro><p>In this section “<term refersTo="#term-the-companies-legislation">the companies legislation</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>the Companies Acts,</p></content></level><level class="para1"><num>(b)</num><content><p>Parts A1 to 7 of the Insolvency Act 1986 (company insolvency and winding up), and</p></content></level><level class="para1"><num>(c)</num><content><p>Part 1 of the Economic Crime (Transparency and Enforcement) Act 2022 (registration of overseas entities).</p></content></level></subsection></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-1"><num>(1)</num><content><p>Section 3 of the Company Directors Disqualification Act 1986 (disqualification for persistent breaches of companies legislation) is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-2"><num>(2)</num><content><p><mod>In subsection (1), for the words from “provisions of the companies legislation” to the end substitute <quotedText>“relevant provisions of the companies legislation (see subsection <ref href="#d28e3637">(3B)</ref>)”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-3"><num>(3)</num><content><p><mod>In subsection (2), for “such provisions as are mentioned above” substitute <quotedText>“relevant provisions of the companies legislation”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-31-4"><num>(4)</num><intro><p>In subsection (3)—</p></intro><level class="para1" eId="section-31-4-a"><num>(a)</num><content><p><mod>for “provision of that legislation” substitute <quotedText>“such provision”</quotedText>;</mod></p></content></level><level class="para1" eId="section-31-4-b"><num>(b)</num><content><p><mod>after paragraph (a) (but before the “or” at the end of that paragraph) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e3610"><num>(aa)</num><intro><p>a financial penalty is imposed on the person in respect of such an offence by virtue of regulations under—</p></intro><level class="para2"><num>(i)</num><content><p>section 1132A of the Companies Act 2006, or</p></content></level><level class="para2"><num>(ii)</num><content><p>section 39 of the Economic Crime (Transparency and Enforcement) Act 2022,</p></content></level></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-31-4-a"><num>(a)</num><content><p><mod>for “provision of that legislation” substitute <quotedText>“such provision”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-31-4-b"><num>(b)</num><content><p><mod>after paragraph (a) (but before the “or” at the end of that paragraph) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e3610"><num>(aa)</num><intro><p>a financial penalty is imposed on the person in respect of such an offence by virtue of regulations under—</p></intro><level class="para2"><num>(i)</num><content><p>section 1132A of the Companies Act 2006, or</p></content></level><level class="para2"><num>(ii)</num><content><p>section 39 of the Economic Crime (Transparency and Enforcement) Act 2022,</p></content></level></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-31-5"><num>(5)</num><content><p><mod>After subsection (3A) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e3637"><num>(3B)</num><intro><p>In this section “<term refersTo="#term-relevant-provisions-of-the-companies-legislation">relevant provisions of the companies legislation</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>any provision of the companies legislation requiring any return, account or other document to be filed with, delivered or sent, or notice of any matter to be given, to the registrar of companies,</p></content></level><level class="para1"><num>(b)</num><content><p>sections 167M and 167N of the Companies Act 2006 (prohibitions on acting as director where identity not verified or where there has been a failure to notify a directorship), and</p></content></level><level class="para1" eId="d28e3658"><num>(c)</num><content><p>sections <ref href="#d28e8729">790LQ</ref> and <ref href="#d28e8815">790LR</ref> of the Companies Act 2006 (persons with significant control: ongoing duties in relation to identity verification).</p></content></level></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-31-6"><num>(6)</num><content><p><mod>For subsection (4A) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4A)</num><intro><p>In this section “<term refersTo="#term-the-companies-legislation">the companies legislation</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>the Companies Acts,</p></content></level><level class="para1"><num>(b)</num><content><p>Parts A1 to 7 of the Insolvency Act 1986 (company insolvency and winding up), and</p></content></level><level class="para1"><num>(c)</num><content><p>Part 1 of the Economic Crime (Transparency and Enforcement) Act 2022 (registration of overseas entities).</p></content></level></subsection></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-32"><num>32</num><heading>Disqualification for persistent breaches of companies legislation: NI</heading><subsection eId="section-32-1"><num>(1)</num><content><p>The Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00001" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4)</ref>) is amended as follows.</p></content></subsection><subsection eId="section-32-2"><num>(2)</num><intro><p>In Article 6 (disqualification for persistent breaches of companies legislation)—</p></intro><level class="para1" eId="section-32-2-a"><num>(a)</num><content><p><mod>in paragraph (1), for the words from “provisions of the companies legislation” to the end substitute <quotedText>“relevant provisions of the companies legislation (see paragraph <ref href="#d28e3783">(3ZA)</ref>)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-32-2-b"><num>(b)</num><content><p><mod>in paragraph (2), for “such provisions as are mentioned in paragraph (1)” substitute <quotedText>“relevant provisions of the companies legislation”</quotedText>;</mod></p></content></level><level class="para1" eId="section-32-2-c"><num>(c)</num><content><p><mod>in paragraph (3), after sub-paragraph (a) (but before the “or” at the end of that sub-paragraph) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e3756"><num>(aa)</num><intro><p>a financial penalty is imposed on the person by the registrar in respect of such an offence by virtue of regulations under—</p></intro><level class="para2"><num>(i)</num><content><p>section 1132A of the Companies Act 2006, or</p></content></level><level class="para2"><num>(ii)</num><content><p>section 39 of the Economic Crime (Transparency and Enforcement) Act 2022,</p></content></level></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-32-2-d"><num>(d)</num><content><p><mod>after paragraph (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph eId="d28e3783"><num>(3ZA)</num><intro><p>In this Article “<term refersTo="#term-relevant-provisions-of-the-companies-legislation">relevant provisions of the companies legislation</term>” means—</p></intro><level class="para1" eId="d28e3792"><num>(a)</num><content><p>any provision of the companies legislation requiring any return, account or other document to be filed with, delivered or sent, or notice of any matter to be given, to the registrar,</p></content></level><level class="para1"><num>(b)</num><content><p>sections 167M and 167N of the Companies Act 2006 (prohibitions on acting as director where identity not verified or where there has been a failure to notify a directorship), and</p></content></level><level class="para1"><num>(c)</num><content><p>sections <ref href="#d28e8729">790LQ</ref> and <ref href="#d28e8815">790LR</ref> of the Companies Act 2006 (persons with significant control: ongoing duties in relation to identity verification).</p></content></level></paragraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-32-2-e"><num>(e)</num><content><p><mod>for paragraph (3A) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph><num>(3A)</num><intro><p>In this Article “<term refersTo="#term-the-companies-legislation">the companies legislation</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>the Companies Acts,</p></content></level><level class="para1"><num>(b)</num><content><p>Parts 1A to 7 of the Insolvency (Northern Ireland) Order 1989 (company insolvency and winding up), and</p></content></level><level class="para1"><num>(c)</num><content><p>Part 1 of the Economic Crime (Transparency and Enforcement) Act 2022 (registration of overseas entities).</p></content></level></paragraph></quotedStructure></mod></p></content></level></subsection><subsection eId="section-32-3"><num>(3)</num><content><p><mod>In Article 25A (application of Order to registered societies), in paragraph (2)(c), for “Articles 6(1) and 8(1)” substitute <quotedText>“Article 6<ref href="#d28e3792">(3ZA)(a)</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-32-4"><num>(4)</num><content><p><mod>In Article 25B (application of Order to credit unions), in paragraph (3)(b), for “Articles 6(1) and 8(1) references” substitute <quotedText>“Article 6<ref href="#d28e3792">(3ZA)(a)</ref> the reference”</quotedText>.</mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32-1"><num>(1)</num><content><p>The Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00001" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4)</ref>) is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-32-2"><num>(2)</num><intro><p>In Article 6 (disqualification for persistent breaches of companies legislation)—</p></intro><level class="para1" eId="section-32-2-a"><num>(a)</num><content><p><mod>in paragraph (1), for the words from “provisions of the companies legislation” to the end substitute <quotedText>“relevant provisions of the companies legislation (see paragraph <ref href="#d28e3783">(3ZA)</ref>)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-32-2-b"><num>(b)</num><content><p><mod>in paragraph (2), for “such provisions as are mentioned in paragraph (1)” substitute <quotedText>“relevant provisions of the companies legislation”</quotedText>;</mod></p></content></level><level class="para1" eId="section-32-2-c"><num>(c)</num><content><p><mod>in paragraph (3), after sub-paragraph (a) (but before the “or” at the end of that sub-paragraph) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e3756"><num>(aa)</num><intro><p>a financial penalty is imposed on the person by the registrar in respect of such an offence by virtue of regulations under—</p></intro><level class="para2"><num>(i)</num><content><p>section 1132A of the Companies Act 2006, or</p></content></level><level class="para2"><num>(ii)</num><content><p>section 39 of the Economic Crime (Transparency and Enforcement) Act 2022,</p></content></level></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-32-2-d"><num>(d)</num><content><p><mod>after paragraph (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph eId="d28e3783"><num>(3ZA)</num><intro><p>In this Article “<term refersTo="#term-relevant-provisions-of-the-companies-legislation">relevant provisions of the companies legislation</term>” means—</p></intro><level class="para1" eId="d28e3792"><num>(a)</num><content><p>any provision of the companies legislation requiring any return, account or other document to be filed with, delivered or sent, or notice of any matter to be given, to the registrar,</p></content></level><level class="para1"><num>(b)</num><content><p>sections 167M and 167N of the Companies Act 2006 (prohibitions on acting as director where identity not verified or where there has been a failure to notify a directorship), and</p></content></level><level class="para1"><num>(c)</num><content><p>sections <ref href="#d28e8729">790LQ</ref> and <ref href="#d28e8815">790LR</ref> of the Companies Act 2006 (persons with significant control: ongoing duties in relation to identity verification).</p></content></level></paragraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-32-2-e"><num>(e)</num><content><p><mod>for paragraph (3A) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph><num>(3A)</num><intro><p>In this Article “<term refersTo="#term-the-companies-legislation">the companies legislation</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>the Companies Acts,</p></content></level><level class="para1"><num>(b)</num><content><p>Parts 1A to 7 of the Insolvency (Northern Ireland) Order 1989 (company insolvency and winding up), and</p></content></level><level class="para1"><num>(c)</num><content><p>Part 1 of the Economic Crime (Transparency and Enforcement) Act 2022 (registration of overseas entities).</p></content></level></paragraph></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-32-2-a"><num>(a)</num><content><p><mod>in paragraph (1), for the words from “provisions of the companies legislation” to the end substitute <quotedText>“relevant provisions of the companies legislation (see paragraph <ref href="#d28e3783">(3ZA)</ref>)”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-32-2-b"><num>(b)</num><content><p><mod>in paragraph (2), for “such provisions as are mentioned in paragraph (1)” substitute <quotedText>“relevant provisions of the companies legislation”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-32-2-c"><num>(c)</num><content><p><mod>in paragraph (3), after sub-paragraph (a) (but before the “or” at the end of that sub-paragraph) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e3756"><num>(aa)</num><intro><p>a financial penalty is imposed on the person by the registrar in respect of such an offence by virtue of regulations under—</p></intro><level class="para2"><num>(i)</num><content><p>section 1132A of the Companies Act 2006, or</p></content></level><level class="para2"><num>(ii)</num><content><p>section 39 of the Economic Crime (Transparency and Enforcement) Act 2022,</p></content></level></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-32-2-d"><num>(d)</num><content><p><mod>after paragraph (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph eId="d28e3783"><num>(3ZA)</num><intro><p>In this Article “<term refersTo="#term-relevant-provisions-of-the-companies-legislation">relevant provisions of the companies legislation</term>” means—</p></intro><level class="para1" eId="d28e3792"><num>(a)</num><content><p>any provision of the companies legislation requiring any return, account or other document to be filed with, delivered or sent, or notice of any matter to be given, to the registrar,</p></content></level><level class="para1"><num>(b)</num><content><p>sections 167M and 167N of the Companies Act 2006 (prohibitions on acting as director where identity not verified or where there has been a failure to notify a directorship), and</p></content></level><level class="para1"><num>(c)</num><content><p>sections <ref href="#d28e8729">790LQ</ref> and <ref href="#d28e8815">790LR</ref> of the Companies Act 2006 (persons with significant control: ongoing duties in relation to identity verification).</p></content></level></paragraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-32-2-e"><num>(e)</num><content><p><mod>for paragraph (3A) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph><num>(3A)</num><intro><p>In this Article “<term refersTo="#term-the-companies-legislation">the companies legislation</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>the Companies Acts,</p></content></level><level class="para1"><num>(b)</num><content><p>Parts 1A to 7 of the Insolvency (Northern Ireland) Order 1989 (company insolvency and winding up), and</p></content></level><level class="para1"><num>(c)</num><content><p>Part 1 of the Economic Crime (Transparency and Enforcement) Act 2022 (registration of overseas entities).</p></content></level></paragraph></quotedStructure></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32-3"><num>(3)</num><content><p><mod>In Article 25A (application of Order to registered societies), in paragraph (2)(c), for “Articles 6(1) and 8(1)” substitute <quotedText>“Article 6<ref href="#d28e3792">(3ZA)(a)</ref>”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32-4"><num>(4)</num><content><p><mod>In Article 25B (application of Order to credit unions), in paragraph (3)(b), for “Articles 6(1) and 8(1) references” substitute <quotedText>“Article 6<ref href="#d28e3792">(3ZA)(a)</ref> the reference”</quotedText>.</mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-33"><num>33</num><heading>Disqualification on summary conviction: GB</heading><subsection eId="section-33-1"><num>(1)</num><content><p>Section 5 of the Company Directors Disqualification Act 1986 (disqualification on summary conviction) is amended as follows.</p></content></subsection><subsection eId="section-33-2"><num>(2)</num><content><p><mod>In subsection (1), for the words from “provision of the companies legislation” to “the registrar of companies” substitute <quotedText>“of the relevant provisions of the companies legislation”</quotedText>.</mod></p></content></subsection><subsection eId="section-33-3"><num>(3)</num><content><p><mod>For subsection (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><content><p>Those circumstances are that, during the 5 years ending with the date of the conviction, there have been no fewer than 3 relevant findings of guilt in relation to the person.</p></content></subsection><subsection><num>(3A)</num><intro><p>For these purposes, there is a relevant finding of guilt in relation to the person if —</p></intro><level class="para1"><num>(a)</num><content><p>the person is convicted of an offence counting for the purposes of this section (including the offence of which the person is convicted as mentioned in subsection (2) and any other offence of which the person is convicted on the same occasion),</p></content></level><level class="para1"><num>(b)</num><content><p>a financial penalty of the kind mentioned in section 3(3)(aa) is imposed on the person, or</p></content></level><level class="para1"><num>(c)</num><content><p>a default order within the meaning of section 3(3)(b) is made against the person.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-33-4"><num>(4)</num><content><p>In subsection (4), omit paragraph (b) and the “and” before it.</p></content></subsection><subsection eId="section-33-5"><num>(5)</num><content><p><mod>For subsection (4A) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4A)</num><content><p>In this section “<term refersTo="#term-relevant-provisions-of-the-companies-legislation">relevant provisions of the companies legislation</term>” has the meaning given by section 3(3B).</p></content></subsection></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-1"><num>(1)</num><content><p>Section 5 of the Company Directors Disqualification Act 1986 (disqualification on summary conviction) is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-2"><num>(2)</num><content><p><mod>In subsection (1), for the words from “provision of the companies legislation” to “the registrar of companies” substitute <quotedText>“of the relevant provisions of the companies legislation”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-33-3"><num>(3)</num><content><p><mod>For subsection (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><content><p>Those circumstances are that, during the 5 years ending with the date of the conviction, there have been no fewer than 3 relevant findings of guilt in relation to the person.</p></content></subsection><subsection><num>(3A)</num><intro><p>For these purposes, there is a relevant finding of guilt in relation to the person if —</p></intro><level class="para1"><num>(a)</num><content><p>the person is convicted of an offence counting for the purposes of this section (including the offence of which the person is convicted as mentioned in subsection (2) and any other offence of which the person is convicted on the same occasion),</p></content></level><level class="para1"><num>(b)</num><content><p>a financial penalty of the kind mentioned in section 3(3)(aa) is imposed on the person, or</p></content></level><level class="para1"><num>(c)</num><content><p>a default order within the meaning of section 3(3)(b) is made against the person.</p></content></level></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-4"><num>(4)</num><content><p>In subsection (4), omit paragraph (b) and the “and” before it.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-33-5"><num>(5)</num><content><p><mod>For subsection (4A) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4A)</num><content><p>In this section “<term refersTo="#term-relevant-provisions-of-the-companies-legislation">relevant provisions of the companies legislation</term>” has the meaning given by section 3(3B).</p></content></subsection></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-34"><num>34</num><heading>Disqualification on summary conviction: NI</heading><subsection eId="section-34-1"><num>(1)</num><content><p>Article 8 of the Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00002" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4)</ref>) (disqualification on summary conviction) is amended as follows.</p></content></subsection><subsection eId="section-34-2"><num>(2)</num><content><p><mod>In paragraph (1), for the words from “provision of the companies legislation” to “the registrar” substitute <quotedText>“of the relevant provisions of the companies legislation”</quotedText>.</mod></p></content></subsection><subsection eId="section-34-3"><num>(3)</num><content><p><mod>For paragraph (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph><num>(3)</num><content><p>Those circumstances are that, during the 5 years ending with the date of the conviction, there have been no fewer than 3 relevant findings of guilt in relation to the person.</p></content></paragraph><paragraph><num>(3A)</num><intro><p>For these purposes, there is a relevant finding of guilt in relation to the person if —</p></intro><level class="para1"><num>(a)</num><content><p>the person is convicted of an offence counting for the purposes of this Article (including the offence of which the person is convicted as mentioned in paragraph (2) and any other offence of which the person is convicted on the same occasion),</p></content></level><level class="para1"><num>(b)</num><content><p>a financial penalty of the kind mentioned in Article 6(3)(aa) is imposed on the person, or</p></content></level><level class="para1"><num>(c)</num><content><p>a default order within the meaning of Article 6(3)(b) is made against the person.</p></content></level></paragraph></quotedStructure></mod></p></content></subsection><subsection eId="section-34-4"><num>(4)</num><content><p>Omit paragraph (4).</p></content></subsection><subsection eId="section-34-5"><num>(5)</num><content><p><mod>For paragraph (4A) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph><num>(4A)</num><content><p>In this Article “<term refersTo="#term-relevant-provisions-of-the-companies-legislation">relevant provisions of the companies legislation</term>” has the meaning given by Article 6(3ZA).</p></content></paragraph></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34-1"><num>(1)</num><content><p>Article 8 of the Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00002" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4)</ref>) (disqualification on summary conviction) is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34-2"><num>(2)</num><content><p><mod>In paragraph (1), for the words from “provision of the companies legislation” to “the registrar” substitute <quotedText>“of the relevant provisions of the companies legislation”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-34-3"><num>(3)</num><content><p><mod>For paragraph (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph><num>(3)</num><content><p>Those circumstances are that, during the 5 years ending with the date of the conviction, there have been no fewer than 3 relevant findings of guilt in relation to the person.</p></content></paragraph><paragraph><num>(3A)</num><intro><p>For these purposes, there is a relevant finding of guilt in relation to the person if —</p></intro><level class="para1"><num>(a)</num><content><p>the person is convicted of an offence counting for the purposes of this Article (including the offence of which the person is convicted as mentioned in paragraph (2) and any other offence of which the person is convicted on the same occasion),</p></content></level><level class="para1"><num>(b)</num><content><p>a financial penalty of the kind mentioned in Article 6(3)(aa) is imposed on the person, or</p></content></level><level class="para1"><num>(c)</num><content><p>a default order within the meaning of Article 6(3)(b) is made against the person.</p></content></level></paragraph></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34-4"><num>(4)</num><content><p>Omit paragraph (4).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-34-5"><num>(5)</num><content><p><mod>For paragraph (4A) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph><num>(4A)</num><content><p>In this Article “<term refersTo="#term-relevant-provisions-of-the-companies-legislation">relevant provisions of the companies legislation</term>” has the meaning given by Article 6(3ZA).</p></content></paragraph></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-35"><num>35</num><heading>Power to impose director disqualification sanctions</heading><subsection eId="section-35-1"><num>(1)</num><content><p>The Sanctions and Anti-Money Laundering Act 2018 is amended as follows.</p></content></subsection><subsection eId="section-35-2"><num>(2)</num><content><p><mod>In section 1 (power to make sanctions regulations), in subsection (5), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e4067"><num>(aa)</num><content><p>impose director disqualification sanctions (see section <ref href="#d28e4088">3A</ref>);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-35-3"><num>(3)</num><content><p><mod>After section 3 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e4088"><num>3A</num><heading>Director disqualification sanctions</heading><subsection><num>(1)</num><intro><p>For the purposes of section 1(5)<ref href="#d28e4067">(aa)</ref> regulations “impose director disqualification sanctions” if they provide for designated persons (see section 9) to be persons subject to director disqualification sanctions for the purposes of—</p></intro><level class="para1"><num>(a)</num><content><p>section 11A of the Company Directors Disqualification Act 1986, and</p></content></level><level class="para1"><num>(b)</num><content><p>Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002.</p></content></level></subsection><subsection><num>(2)</num><intro><p>As to the effect of such provision, see—</p></intro><level class="para1"><num>(a)</num><content><p>section 11A of the Company Directors Disqualification Act 1986, and</p></content></level><level class="para1"><num>(b)</num><content><p>Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002.</p></content></level></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-35-4"><num>(4)</num><intro><p>In section 9 (“designated persons”)—</p></intro><level class="para1" eId="section-35-4-a"><num>(a)</num><content><p><mod>in subsection (1), for “3 and 4” substitute <quotedText>“3 to 4”</quotedText>;</mod></p></content></level><level class="para1" eId="section-35-4-b"><num>(b)</num><content><p><mod>in subsection (3), after “3,” insert <quotedText>“<ref href="#d28e4088">3A</ref>,”</quotedText>.</mod></p></content></level></subsection><subsection eId="section-35-5"><num>(5)</num><content><p><mod>In section 15 (exceptions and licences), after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e4165"><num>(3A)</num><intro><p>Where regulations provide for designated persons to be persons subject to director disqualification sanctions for the purposes of section 11A of the Company Directors Disqualification Act 1986 and Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002, the regulations may—</p></intro><level class="para1"><num>(a)</num><content><p>create exceptions from subsection (1) of that section or paragraph (1) of that Article;</p></content></level><level class="para1"><num>(b)</num><content><p>confer power on an appropriate Minister to issue a licence to authorise a designated person to do anything that would otherwise be prohibited by subsection (1) of that section or paragraph (1) of that Article.</p></content></level></subsection><subsection><num>(3B)</num><content><p>Regulations may, as respects any licences provided for under subsection <ref href="#d28e4165">(3A)</ref>, make any provision mentioned (in relation to licences) in subsection (3).</p></content></subsection></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-35-1"><num>(1)</num><content><p>The Sanctions and Anti-Money Laundering Act 2018 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-35-2"><num>(2)</num><content><p><mod>In section 1 (power to make sanctions regulations), in subsection (5), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e4067"><num>(aa)</num><content><p>impose director disqualification sanctions (see section <ref href="#d28e4088">3A</ref>);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-35-3"><num>(3)</num><content><p><mod>After section 3 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e4088"><num>3A</num><heading>Director disqualification sanctions</heading><subsection><num>(1)</num><intro><p>For the purposes of section 1(5)<ref href="#d28e4067">(aa)</ref> regulations “impose director disqualification sanctions” if they provide for designated persons (see section 9) to be persons subject to director disqualification sanctions for the purposes of—</p></intro><level class="para1"><num>(a)</num><content><p>section 11A of the Company Directors Disqualification Act 1986, and</p></content></level><level class="para1"><num>(b)</num><content><p>Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002.</p></content></level></subsection><subsection><num>(2)</num><intro><p>As to the effect of such provision, see—</p></intro><level class="para1"><num>(a)</num><content><p>section 11A of the Company Directors Disqualification Act 1986, and</p></content></level><level class="para1"><num>(b)</num><content><p>Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002.</p></content></level></subsection></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-35-4"><num>(4)</num><intro><p>In section 9 (“designated persons”)—</p></intro><level class="para1" eId="section-35-4-a"><num>(a)</num><content><p><mod>in subsection (1), for “3 and 4” substitute <quotedText>“3 to 4”</quotedText>;</mod></p></content></level><level class="para1" eId="section-35-4-b"><num>(b)</num><content><p><mod>in subsection (3), after “3,” insert <quotedText>“<ref href="#d28e4088">3A</ref>,”</quotedText>.</mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-4-a"><num>(a)</num><content><p><mod>in subsection (1), for “3 and 4” substitute <quotedText>“3 to 4”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-4-b"><num>(b)</num><content><p><mod>in subsection (3), after “3,” insert <quotedText>“<ref href="#d28e4088">3A</ref>,”</quotedText>.</mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-35-5"><num>(5)</num><content><p><mod>In section 15 (exceptions and licences), after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e4165"><num>(3A)</num><intro><p>Where regulations provide for designated persons to be persons subject to director disqualification sanctions for the purposes of section 11A of the Company Directors Disqualification Act 1986 and Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002, the regulations may—</p></intro><level class="para1"><num>(a)</num><content><p>create exceptions from subsection (1) of that section or paragraph (1) of that Article;</p></content></level><level class="para1"><num>(b)</num><content><p>confer power on an appropriate Minister to issue a licence to authorise a designated person to do anything that would otherwise be prohibited by subsection (1) of that section or paragraph (1) of that Article.</p></content></level></subsection><subsection><num>(3B)</num><content><p>Regulations may, as respects any licences provided for under subsection <ref href="#d28e4165">(3A)</ref>, make any provision mentioned (in relation to licences) in subsection (3).</p></content></subsection></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-36"><num>36</num><heading>Disqualification of persons designated under sanctions legislation: GB</heading><subsection eId="section-36-1"><num>(1)</num><content><p>The Company Directors Disqualification Act 1986 is amended as follows.</p></content></subsection><subsection eId="section-36-2"><num>(2)</num><content><p><mod>After section 11 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e4217"><num>11A</num><heading>Designated persons under sanctions legislation</heading><subsection eId="d28e4221"><num>(1)</num><content><p>It is an offence for a person who is subject to director disqualification sanctions to act as a director of a company or directly or indirectly to take part in or be concerned in the promotion, formation or management of a company (but see subsection <ref href="#d28e4230">(2)</ref>).</p></content></subsection><subsection eId="d28e4230"><num>(2)</num><intro><p>Subsection <ref href="#d28e4221">(1)</ref> does not apply—</p></intro><level class="para1"><num>(a)</num><content><p>to the extent that an exception from subsection (1) has been created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, or</p></content></level><level class="para1"><num>(b)</num><content><p>to anything done under the authority of a licence issued by virtue of section 15(3A) of that Act.</p></content></level></subsection><subsection><num>(3)</num><content><p>It is a defence for a person charged with an offence under this section to prove that they did not know and could not reasonably have been expected to know that they were subject to director disqualification sanctions at the time at which they engaged in that conduct.</p></content></subsection><subsection><num>(4)</num><content><p>In this section “<term refersTo="#term-person-who-is-subject-to-director-disqualification-sanctions">person who is subject to director disqualification sanctions</term>” means a person who under regulations under section 1 of the Sanctions and Anti-Money Laundering Act 2018 is a person subject to director disqualification sanctions for the purposes of this section and Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002 (see section 3A of the Sanctions and Anti-Money Laundering Act 2018).</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-36-3"><num>(3)</num><content><p><mod>In section 13 (criminal penalties), after “section 11” insert <quotedText>“or <ref href="#d28e4217">11A</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-36-4"><num>(4)</num><content><p><mod>In section 14 (offences by body corporate), for subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><intro><p>a body corporate is—</p></intro><level class="para2"><num>(i)</num><content><p>guilty of an offence of acting in contravention of a disqualification order or disqualification undertaking or in contravention of section 12A or 12B, or</p></content></level><level class="para2"><num>(ii)</num><content><p>guilty of an offence under section 11A, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>it is proved that the offence occurred with the consent or connivance of, or was attributable to any neglect on the part of any director, manager, secretary or other similar officer of the body corporate, or any person who was purporting to act in any such capacity,</p></content></level><wrapUp><p>the person, as well as the body corporate, is guilty of the offence and liable to be proceeded against and punished accordingly.</p></wrapUp></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-36-5"><num>(5)</num><intro><p>In section 15 (personal liability for company’s debts where person acts while disqualified)—</p></intro><level class="para1" eId="section-36-5-a"><num>(a)</num><content><p><mod>in subsection (1)(a), after “section 11” insert <quotedText>“, <ref href="#d28e4217">11A</ref>”</quotedText>;</mod></p></content></level><level class="para1" eId="section-36-5-b"><num>(b)</num><content><p>omit the “or” at the end of subsection (1)(a);</p></content></level><level class="para1" eId="section-36-5-c"><num>(c)</num><content><p><mod>after subsection (1)(b) insert <quotedText startQuote="“">, or</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><intro><p>as a person who is involved in the management of the company, they act or are willing to act on instructions where—</p></intro><level class="para2"><num>(i)</num><content><p>the instructions are given by a person whom they know at that time to be subject to director disqualification sanctions (within the meaning of section 11A),</p></content></level><level class="para2"><num>(ii)</num><content><p>the giving of the instructions does not fall within any exception from section 11A(1) created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, and</p></content></level><level class="para2"><num>(iii)</num><content><p>the instructions are not authorised,</p></content></level><wrapUp><p>(but see subsection (3A)).</p></wrapUp></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-36-5-d"><num>(d)</num><content><p><mod>in subsection (3)(b), after “(b)” insert <quotedText>“or (c)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-36-5-e"><num>(e)</num><content><p><mod>after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>a person who is subject to director disqualification sanctions (within the meaning of section 11A) is not personally responsible under subsection (1)(a) for any relevant debts of the company incurred at a time when the person did not know and could not reasonably have been expected to know that they were subject to director disqualification sanctions;</p></content></level><level class="para1"><num>(b)</num><content><p>a person is not personally responsible under subsection (1)(c) for any relevant debts of the company incurred at a time when the person reasonably believed that the instructions were authorised.</p></content></level></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-36-5-f"><num>(f)</num><content><p><mod>after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6)</num><intro><p>Subsection <ref href="#d28e4468">(7)</ref> applies where a person (“<term refersTo="#term-p">P</term>”) at any time—</p></intro><level class="para1"><num>(a)</num><content><p>was involved in the management of a company, and</p></content></level><level class="para1"><num>(b)</num><intro><p>acted on instructions where—</p></intro><level class="para2"><num>(i)</num><content><p>the instructions were given by a person (“<term refersTo="#term-d">D</term>”) whom P knew at that time to be subject to director disqualification sanctions (within the meaning of section 11A),</p></content></level><level class="para2"><num>(ii)</num><content><p>the giving of the instructions did not fall within any exception from section 11A(1) created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, and</p></content></level><level class="para2"><num>(iii)</num><content><p>the instructions were not authorised,</p></content></level></level><wrapUp><p>unless P reasonably believed at that time that the instructions were authorised.</p></wrapUp></subsection><subsection eId="d28e4468"><num>(7)</num><content><p>For the purposes of this section P is presumed, unless the contrary is shown, to have been willing at any time thereafter to act on any instructions given by D.</p></content></subsection><subsection><num>(8)</num><content><p>For the purposes of this section instructions are “authorised” if they are given under the authority of a licence issued by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-36-6"><num>(6)</num><content><p><mod>In section 18 (register of disqualification orders and undertakings), in subsection (2A), after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>persons who are subject to director disqualification sanctions within the meaning of section 11A;</p></content></level><level class="para1"><num>(e)</num><content><p>any licences issued by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018.</p></content></level></quotedStructure></mod></p></content></subsection><subsection eId="section-36-7"><num>(7)</num><content><p><mod>In section 21 (interaction with Insolvency Act), in subsection (4), after “section 11” insert <quotedText>“, <ref href="#d28e4217">11A</ref>”</quotedText>.</mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-1"><num>(1)</num><content><p>The Company Directors Disqualification Act 1986 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-36-2"><num>(2)</num><content><p><mod>After section 11 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e4217"><num>11A</num><heading>Designated persons under sanctions legislation</heading><subsection eId="d28e4221"><num>(1)</num><content><p>It is an offence for a person who is subject to director disqualification sanctions to act as a director of a company or directly or indirectly to take part in or be concerned in the promotion, formation or management of a company (but see subsection <ref href="#d28e4230">(2)</ref>).</p></content></subsection><subsection eId="d28e4230"><num>(2)</num><intro><p>Subsection <ref href="#d28e4221">(1)</ref> does not apply—</p></intro><level class="para1"><num>(a)</num><content><p>to the extent that an exception from subsection (1) has been created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, or</p></content></level><level class="para1"><num>(b)</num><content><p>to anything done under the authority of a licence issued by virtue of section 15(3A) of that Act.</p></content></level></subsection><subsection><num>(3)</num><content><p>It is a defence for a person charged with an offence under this section to prove that they did not know and could not reasonably have been expected to know that they were subject to director disqualification sanctions at the time at which they engaged in that conduct.</p></content></subsection><subsection><num>(4)</num><content><p>In this section “<term refersTo="#term-person-who-is-subject-to-director-disqualification-sanctions">person who is subject to director disqualification sanctions</term>” means a person who under regulations under section 1 of the Sanctions and Anti-Money Laundering Act 2018 is a person subject to director disqualification sanctions for the purposes of this section and Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002 (see section 3A of the Sanctions and Anti-Money Laundering Act 2018).</p></content></subsection></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-3"><num>(3)</num><content><p><mod>In section 13 (criminal penalties), after “section 11” insert <quotedText>“or <ref href="#d28e4217">11A</ref>”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-36-4"><num>(4)</num><content><p><mod>In section 14 (offences by body corporate), for subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><intro><p>a body corporate is—</p></intro><level class="para2"><num>(i)</num><content><p>guilty of an offence of acting in contravention of a disqualification order or disqualification undertaking or in contravention of section 12A or 12B, or</p></content></level><level class="para2"><num>(ii)</num><content><p>guilty of an offence under section 11A, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>it is proved that the offence occurred with the consent or connivance of, or was attributable to any neglect on the part of any director, manager, secretary or other similar officer of the body corporate, or any person who was purporting to act in any such capacity,</p></content></level><wrapUp><p>the person, as well as the body corporate, is guilty of the offence and liable to be proceeded against and punished accordingly.</p></wrapUp></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-36-5"><num>(5)</num><intro><p>In section 15 (personal liability for company’s debts where person acts while disqualified)—</p></intro><level class="para1" eId="section-36-5-a"><num>(a)</num><content><p><mod>in subsection (1)(a), after “section 11” insert <quotedText>“, <ref href="#d28e4217">11A</ref>”</quotedText>;</mod></p></content></level><level class="para1" eId="section-36-5-b"><num>(b)</num><content><p>omit the “or” at the end of subsection (1)(a);</p></content></level><level class="para1" eId="section-36-5-c"><num>(c)</num><content><p><mod>after subsection (1)(b) insert <quotedText startQuote="“">, or</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><intro><p>as a person who is involved in the management of the company, they act or are willing to act on instructions where—</p></intro><level class="para2"><num>(i)</num><content><p>the instructions are given by a person whom they know at that time to be subject to director disqualification sanctions (within the meaning of section 11A),</p></content></level><level class="para2"><num>(ii)</num><content><p>the giving of the instructions does not fall within any exception from section 11A(1) created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, and</p></content></level><level class="para2"><num>(iii)</num><content><p>the instructions are not authorised,</p></content></level><wrapUp><p>(but see subsection (3A)).</p></wrapUp></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-36-5-d"><num>(d)</num><content><p><mod>in subsection (3)(b), after “(b)” insert <quotedText>“or (c)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-36-5-e"><num>(e)</num><content><p><mod>after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>a person who is subject to director disqualification sanctions (within the meaning of section 11A) is not personally responsible under subsection (1)(a) for any relevant debts of the company incurred at a time when the person did not know and could not reasonably have been expected to know that they were subject to director disqualification sanctions;</p></content></level><level class="para1"><num>(b)</num><content><p>a person is not personally responsible under subsection (1)(c) for any relevant debts of the company incurred at a time when the person reasonably believed that the instructions were authorised.</p></content></level></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-36-5-f"><num>(f)</num><content><p><mod>after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6)</num><intro><p>Subsection <ref href="#d28e4468">(7)</ref> applies where a person (“<term refersTo="#term-p">P</term>”) at any time—</p></intro><level class="para1"><num>(a)</num><content><p>was involved in the management of a company, and</p></content></level><level class="para1"><num>(b)</num><intro><p>acted on instructions where—</p></intro><level class="para2"><num>(i)</num><content><p>the instructions were given by a person (“<term refersTo="#term-d">D</term>”) whom P knew at that time to be subject to director disqualification sanctions (within the meaning of section 11A),</p></content></level><level class="para2"><num>(ii)</num><content><p>the giving of the instructions did not fall within any exception from section 11A(1) created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, and</p></content></level><level class="para2"><num>(iii)</num><content><p>the instructions were not authorised,</p></content></level></level><wrapUp><p>unless P reasonably believed at that time that the instructions were authorised.</p></wrapUp></subsection><subsection eId="d28e4468"><num>(7)</num><content><p>For the purposes of this section P is presumed, unless the contrary is shown, to have been willing at any time thereafter to act on any instructions given by D.</p></content></subsection><subsection><num>(8)</num><content><p>For the purposes of this section instructions are “authorised” if they are given under the authority of a licence issued by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018.</p></content></subsection></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-5-a"><num>(a)</num><content><p><mod>in subsection (1)(a), after “section 11” insert <quotedText>“, <ref href="#d28e4217">11A</ref>”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-5-b"><num>(b)</num><content><p>omit the “or” at the end of subsection (1)(a);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-36-5-c"><num>(c)</num><content><p><mod>after subsection (1)(b) insert <quotedText startQuote="“">, or</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><intro><p>as a person who is involved in the management of the company, they act or are willing to act on instructions where—</p></intro><level class="para2"><num>(i)</num><content><p>the instructions are given by a person whom they know at that time to be subject to director disqualification sanctions (within the meaning of section 11A),</p></content></level><level class="para2"><num>(ii)</num><content><p>the giving of the instructions does not fall within any exception from section 11A(1) created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, and</p></content></level><level class="para2"><num>(iii)</num><content><p>the instructions are not authorised,</p></content></level><wrapUp><p>(but see subsection (3A)).</p></wrapUp></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-5-d"><num>(d)</num><content><p><mod>in subsection (3)(b), after “(b)” insert <quotedText>“or (c)”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-36-5-e"><num>(e)</num><content><p><mod>after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>a person who is subject to director disqualification sanctions (within the meaning of section 11A) is not personally responsible under subsection (1)(a) for any relevant debts of the company incurred at a time when the person did not know and could not reasonably have been expected to know that they were subject to director disqualification sanctions;</p></content></level><level class="para1"><num>(b)</num><content><p>a person is not personally responsible under subsection (1)(c) for any relevant debts of the company incurred at a time when the person reasonably believed that the instructions were authorised.</p></content></level></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-36-5-f"><num>(f)</num><content><p><mod>after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6)</num><intro><p>Subsection <ref href="#d28e4468">(7)</ref> applies where a person (“<term refersTo="#term-p">P</term>”) at any time—</p></intro><level class="para1"><num>(a)</num><content><p>was involved in the management of a company, and</p></content></level><level class="para1"><num>(b)</num><intro><p>acted on instructions where—</p></intro><level class="para2"><num>(i)</num><content><p>the instructions were given by a person (“<term refersTo="#term-d">D</term>”) whom P knew at that time to be subject to director disqualification sanctions (within the meaning of section 11A),</p></content></level><level class="para2"><num>(ii)</num><content><p>the giving of the instructions did not fall within any exception from section 11A(1) created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, and</p></content></level><level class="para2"><num>(iii)</num><content><p>the instructions were not authorised,</p></content></level></level><wrapUp><p>unless P reasonably believed at that time that the instructions were authorised.</p></wrapUp></subsection><subsection eId="d28e4468"><num>(7)</num><content><p>For the purposes of this section P is presumed, unless the contrary is shown, to have been willing at any time thereafter to act on any instructions given by D.</p></content></subsection><subsection><num>(8)</num><content><p>For the purposes of this section instructions are “authorised” if they are given under the authority of a licence issued by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018.</p></content></subsection></quotedStructure></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-36-6"><num>(6)</num><content><p><mod>In section 18 (register of disqualification orders and undertakings), in subsection (2A), after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>persons who are subject to director disqualification sanctions within the meaning of section 11A;</p></content></level><level class="para1"><num>(e)</num><content><p>any licences issued by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018.</p></content></level></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-7"><num>(7)</num><content><p><mod>In section 21 (interaction with Insolvency Act), in subsection (4), after “section 11” insert <quotedText>“, <ref href="#d28e4217">11A</ref>”</quotedText>.</mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-37"><num>37</num><heading>Section 36: application to other bodies</heading><subsection eId="section-37-1"><num>(1)</num><content><p>The Company Directors Disqualification Act 1986 is amended as follows.</p></content></subsection><subsection eId="section-37-2"><num>(2)</num><content><p><mod>In section 22A (application of Act to building societies), in subsection (3A)(a), for “and 7(2)(b)” substitute <quotedText>“, 7(2)(b) and 11A”</quotedText>.</mod></p></content></subsection><subsection eId="section-37-3"><num>(3)</num><content><p><mod>In section 22B (application of Act to incorporated friendly societies), in subsection (3A)(a), for “and 8ZA to 8ZE” substitute <quotedText>“, 8ZA to 8ZE and 11A”</quotedText>.</mod></p></content></subsection><subsection eId="section-37-4"><num>(4)</num><content><p><mod>In section 22C (application of Act to NHS foundation trusts), in subsection (2A)(a), for “and 7(2)(b)” substitute <quotedText>“, 7(2)(b) and 11A”</quotedText>.</mod></p></content></subsection><subsection eId="section-37-5"><num>(5)</num><content><p><mod>In section 22E (application of Act to registered societies), in subsection (4)(f), for “and 8ZA to 8ZE” substitute <quotedText>“, 8ZA to 8ZE and 11A”</quotedText>.</mod></p></content></subsection><subsection eId="section-37-6"><num>(6)</num><content><p><mod>In section 22F (application of Act to charitable incorporated organisations), in subsection (3), after paragraph (d) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(da)</num><content><p>section 11A is to be disregarded;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-37-7"><num>(7)</num><content><p><mod>In section 22G (application of Act to further education bodies), in subsection (3), after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>section 11A is to be disregarded.</p></content></level></quotedStructure></mod></p></content></subsection><subsection eId="section-37-8"><num>(8)</num><content><p><mod>In section 22H (application of Act to protected cell companies), in subsection (4)(za), in subsection (4)(za), for “and 7(2)(b)” substitute <quotedText>“, 7(2)(b) and 11A”</quotedText>.</mod></p></content></subsection><subsection eId="section-37-9"><num>(9)</num><content><p>The Secretary of State may by regulations repeal any of the previous subsections of this section before the subsection is brought into force.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37-1"><num>(1)</num><content><p>The Company Directors Disqualification Act 1986 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37-2"><num>(2)</num><content><p><mod>In section 22A (application of Act to building societies), in subsection (3A)(a), for “and 7(2)(b)” substitute <quotedText>“, 7(2)(b) and 11A”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37-3"><num>(3)</num><content><p><mod>In section 22B (application of Act to incorporated friendly societies), in subsection (3A)(a), for “and 8ZA to 8ZE” substitute <quotedText>“, 8ZA to 8ZE and 11A”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37-4"><num>(4)</num><content><p><mod>In section 22C (application of Act to NHS foundation trusts), in subsection (2A)(a), for “and 7(2)(b)” substitute <quotedText>“, 7(2)(b) and 11A”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37-5"><num>(5)</num><content><p><mod>In section 22E (application of Act to registered societies), in subsection (4)(f), for “and 8ZA to 8ZE” substitute <quotedText>“, 8ZA to 8ZE and 11A”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-37-6"><num>(6)</num><content><p><mod>In section 22F (application of Act to charitable incorporated organisations), in subsection (3), after paragraph (d) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(da)</num><content><p>section 11A is to be disregarded;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-37-7"><num>(7)</num><content><p><mod>In section 22G (application of Act to further education bodies), in subsection (3), after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>section 11A is to be disregarded.</p></content></level></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37-8"><num>(8)</num><content><p><mod>In section 22H (application of Act to protected cell companies), in subsection (4)(za), in subsection (4)(za), for “and 7(2)(b)” substitute <quotedText>“, 7(2)(b) and 11A”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37-9"><num>(9)</num><content><p>The Secretary of State may by regulations repeal any of the previous subsections of this section before the subsection is brought into force.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-38"><num>38</num><heading>Disqualification of persons designated under sanctions legislation: NI</heading><subsection eId="section-38-1"><num>(1)</num><content><p>The Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00003" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4)</ref>) is amended as follows.</p></content></subsection><subsection eId="section-38-2"><num>(2)</num><content><p><mod>After Article 15 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><article eId="d28e4633"><heading>Designated persons under sanctions legislation</heading><num>15A</num><paragraph><num>(1)</num><content><p>It is an offence for a person who is subject to director disqualification sanctions to act as a director of a company or directly or indirectly to take part in or be concerned in the promotion, formation or management of a company (but see paragraph <ref href="#d28e4646">(2)</ref>).</p></content></paragraph><paragraph eId="d28e4646"><num>(2)</num><intro><p>Paragraph (1) does not apply—</p></intro><level class="para1"><num>(a)</num><content><p>to the extent that an exception from paragraph (1) has been created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, or</p></content></level><level class="para1"><num>(b)</num><content><p>to anything done under the authority of a licence issued by virtue of section 15(3A) of that Act.</p></content></level></paragraph><paragraph><num>(3)</num><content><p>It is a defence for a person charged with an offence under this Article to prove that they did not know and could not reasonably have been expected to know that they were subject to director disqualification sanctions at the time at which they engaged in that conduct.</p></content></paragraph><paragraph><num>(4)</num><content><p>In this Article “<term refersTo="#term-person-who-is-subject-to-director-disqualification-sanctions">person who is subject to director disqualification sanctions</term>” means a person who under regulations under section 1 of the Sanctions and Anti-Money Laundering Act 2018 is a person subject to director disqualification sanctions for the purposes of this Article and section 11A of the Company Directors Disqualification Act 1986 (see section 3A of the Sanctions and Anti-Money Laundering Act 2018).</p></content></paragraph></article></quotedStructure></mod></p></content></subsection><subsection eId="section-38-3"><num>(3)</num><intro><p>In Article 18 (criminal penalties)—</p></intro><level class="para1" eId="section-38-3-a"><num>(a)</num><content><p>omit “15,”;</p></content></level><level class="para1" eId="section-38-3-b"><num>(b)</num><content><p><mod>for “and” substitute <quotedText>“; and any person guilty of an offence under this Article or Article 15 or 15A”</quotedText>.</mod></p></content></level></subsection><subsection eId="section-38-4"><num>(4)</num><intro><p>In Article 19 (personal liability for company’s debts where person acts while disqualified)—</p></intro><level class="para1" eId="section-38-4-a"><num>(a)</num><content><p><mod>in paragraph (1)(a), after “Article 15” insert <quotedText>“, 15A”</quotedText>;</mod></p></content></level><level class="para1" eId="section-38-4-b"><num>(b)</num><content><p>omit the “or” at the end of paragraph (1)(a);</p></content></level><level class="para1" eId="section-38-4-c"><num>(c)</num><content><p><mod>after paragraph (1)(b) insert <quotedText startQuote="“">, or</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><intro><p>as a person who is involved in the management of the company, they act or are willing to act on instructions where—</p></intro><level class="para2"><num>(i)</num><content><p>the instructions are given by a person whom they know at that time to be subject to director disqualification sanctions (within the meaning of Article 15A),</p></content></level><level class="para2"><num>(ii)</num><content><p>the giving of the instructions does not fall within any exception from Article 15A(1) created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, and</p></content></level><level class="para2"><num>(iii)</num><content><p>the instructions are not authorised,</p></content></level><wrapUp><p>(but see paragraph (3A)).</p></wrapUp></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-38-4-d"><num>(d)</num><content><p><mod>in paragraph (3)(b), after “(1)(b)” insert <quotedText>“or (c)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-38-4-e"><num>(e)</num><content><p><mod>after paragraph (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph><num>(3A)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>a person who is subject to director disqualification sanctions (within the meaning of Article 15A) is not personally responsible under paragraph (1)(a) for any relevant debts of the company incurred at a time when the person did not know and could not reasonably have been expected to know that they were subject to director disqualification sanctions;</p></content></level><level class="para1"><num>(b)</num><content><p>a person is not personally responsible under paragraph (1)(c) for any relevant debts of the company incurred at a time when the person reasonably believed that the instructions were authorised.</p></content></level></paragraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-38-4-f"><num>(f)</num><content><p><mod>in paragraph (5), in the closing words, after “given” insert <quotedText>“by”</quotedText>;</mod></p></content></level><level class="para1" eId="section-38-4-g"><num>(g)</num><content><p><mod>after paragraph (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph><num>(6)</num><intro><p>Paragraph <ref href="#d28e4857">(7)</ref> applies where a person (“<term refersTo="#term-p">P</term>”) at any time—</p></intro><level class="para1"><num>(a)</num><content><p>was involved in the management of a company, and</p></content></level><level class="para1"><num>(b)</num><intro><p>acted on instructions where—</p></intro><level class="para2"><num>(i)</num><content><p>the instructions were given by a person (“<term refersTo="#term-d">D</term>”) whom P knew at that time to be subject to director disqualification sanctions (within the meaning of Article 15A),</p></content></level><level class="para2"><num>(ii)</num><content><p>the giving of the instructions did not fall within any exception from Article 15A(1) created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, and</p></content></level><level class="para2"><num>(iii)</num><content><p>the instructions were not authorised,</p></content></level></level><wrapUp><p>unless P reasonably believed at that time that the instructions were authorised.</p></wrapUp></paragraph><paragraph eId="d28e4857"><num>(7)</num><content><p>For the purposes of this Article P is presumed, unless the contrary is shown, to have been willing at any time thereafter to act on any instructions given by D.</p></content></paragraph><paragraph><num>(8)</num><content><p>For the purposes of this Article instructions are “authorised” if they are given under the authority of a licence issued by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018.</p></content></paragraph></quotedStructure></mod></p></content></level></subsection><subsection eId="section-38-5"><num>(5)</num><content><p><mod>In Article 22 (register of disqualification orders and undertakings), in paragraph (3), after sub-paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>persons who are subject to director disqualification sanctions within the meaning of Article 15A;</p></content></level><level class="para1"><num>(e)</num><content><p>any licences issued by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018 that authorise such a person to do anything that would otherwise be prohibited by Article 15A(1).</p></content></level></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-38-1"><num>(1)</num><content><p>The Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00003" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4)</ref>) is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-38-2"><num>(2)</num><content><p><mod>After Article 15 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><article eId="d28e4633"><heading>Designated persons under sanctions legislation</heading><num>15A</num><paragraph><num>(1)</num><content><p>It is an offence for a person who is subject to director disqualification sanctions to act as a director of a company or directly or indirectly to take part in or be concerned in the promotion, formation or management of a company (but see paragraph <ref href="#d28e4646">(2)</ref>).</p></content></paragraph><paragraph eId="d28e4646"><num>(2)</num><intro><p>Paragraph (1) does not apply—</p></intro><level class="para1"><num>(a)</num><content><p>to the extent that an exception from paragraph (1) has been created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, or</p></content></level><level class="para1"><num>(b)</num><content><p>to anything done under the authority of a licence issued by virtue of section 15(3A) of that Act.</p></content></level></paragraph><paragraph><num>(3)</num><content><p>It is a defence for a person charged with an offence under this Article to prove that they did not know and could not reasonably have been expected to know that they were subject to director disqualification sanctions at the time at which they engaged in that conduct.</p></content></paragraph><paragraph><num>(4)</num><content><p>In this Article “<term refersTo="#term-person-who-is-subject-to-director-disqualification-sanctions">person who is subject to director disqualification sanctions</term>” means a person who under regulations under section 1 of the Sanctions and Anti-Money Laundering Act 2018 is a person subject to director disqualification sanctions for the purposes of this Article and section 11A of the Company Directors Disqualification Act 1986 (see section 3A of the Sanctions and Anti-Money Laundering Act 2018).</p></content></paragraph></article></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-38-3"><num>(3)</num><intro><p>In Article 18 (criminal penalties)—</p></intro><level class="para1" eId="section-38-3-a"><num>(a)</num><content><p>omit “15,”;</p></content></level><level class="para1" eId="section-38-3-b"><num>(b)</num><content><p><mod>for “and” substitute <quotedText>“; and any person guilty of an offence under this Article or Article 15 or 15A”</quotedText>.</mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-38-3-a"><num>(a)</num><content><p>omit “15,”;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-38-3-b"><num>(b)</num><content><p><mod>for “and” substitute <quotedText>“; and any person guilty of an offence under this Article or Article 15 or 15A”</quotedText>.</mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-38-4"><num>(4)</num><intro><p>In Article 19 (personal liability for company’s debts where person acts while disqualified)—</p></intro><level class="para1" eId="section-38-4-a"><num>(a)</num><content><p><mod>in paragraph (1)(a), after “Article 15” insert <quotedText>“, 15A”</quotedText>;</mod></p></content></level><level class="para1" eId="section-38-4-b"><num>(b)</num><content><p>omit the “or” at the end of paragraph (1)(a);</p></content></level><level class="para1" eId="section-38-4-c"><num>(c)</num><content><p><mod>after paragraph (1)(b) insert <quotedText startQuote="“">, or</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><intro><p>as a person who is involved in the management of the company, they act or are willing to act on instructions where—</p></intro><level class="para2"><num>(i)</num><content><p>the instructions are given by a person whom they know at that time to be subject to director disqualification sanctions (within the meaning of Article 15A),</p></content></level><level class="para2"><num>(ii)</num><content><p>the giving of the instructions does not fall within any exception from Article 15A(1) created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, and</p></content></level><level class="para2"><num>(iii)</num><content><p>the instructions are not authorised,</p></content></level><wrapUp><p>(but see paragraph (3A)).</p></wrapUp></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-38-4-d"><num>(d)</num><content><p><mod>in paragraph (3)(b), after “(1)(b)” insert <quotedText>“or (c)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-38-4-e"><num>(e)</num><content><p><mod>after paragraph (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph><num>(3A)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>a person who is subject to director disqualification sanctions (within the meaning of Article 15A) is not personally responsible under paragraph (1)(a) for any relevant debts of the company incurred at a time when the person did not know and could not reasonably have been expected to know that they were subject to director disqualification sanctions;</p></content></level><level class="para1"><num>(b)</num><content><p>a person is not personally responsible under paragraph (1)(c) for any relevant debts of the company incurred at a time when the person reasonably believed that the instructions were authorised.</p></content></level></paragraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-38-4-f"><num>(f)</num><content><p><mod>in paragraph (5), in the closing words, after “given” insert <quotedText>“by”</quotedText>;</mod></p></content></level><level class="para1" eId="section-38-4-g"><num>(g)</num><content><p><mod>after paragraph (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph><num>(6)</num><intro><p>Paragraph <ref href="#d28e4857">(7)</ref> applies where a person (“<term refersTo="#term-p">P</term>”) at any time—</p></intro><level class="para1"><num>(a)</num><content><p>was involved in the management of a company, and</p></content></level><level class="para1"><num>(b)</num><intro><p>acted on instructions where—</p></intro><level class="para2"><num>(i)</num><content><p>the instructions were given by a person (“<term refersTo="#term-d">D</term>”) whom P knew at that time to be subject to director disqualification sanctions (within the meaning of Article 15A),</p></content></level><level class="para2"><num>(ii)</num><content><p>the giving of the instructions did not fall within any exception from Article 15A(1) created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, and</p></content></level><level class="para2"><num>(iii)</num><content><p>the instructions were not authorised,</p></content></level></level><wrapUp><p>unless P reasonably believed at that time that the instructions were authorised.</p></wrapUp></paragraph><paragraph eId="d28e4857"><num>(7)</num><content><p>For the purposes of this Article P is presumed, unless the contrary is shown, to have been willing at any time thereafter to act on any instructions given by D.</p></content></paragraph><paragraph><num>(8)</num><content><p>For the purposes of this Article instructions are “authorised” if they are given under the authority of a licence issued by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018.</p></content></paragraph></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-38-4-a"><num>(a)</num><content><p><mod>in paragraph (1)(a), after “Article 15” insert <quotedText>“, 15A”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-38-4-b"><num>(b)</num><content><p>omit the “or” at the end of paragraph (1)(a);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-38-4-c"><num>(c)</num><content><p><mod>after paragraph (1)(b) insert <quotedText startQuote="“">, or</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><intro><p>as a person who is involved in the management of the company, they act or are willing to act on instructions where—</p></intro><level class="para2"><num>(i)</num><content><p>the instructions are given by a person whom they know at that time to be subject to director disqualification sanctions (within the meaning of Article 15A),</p></content></level><level class="para2"><num>(ii)</num><content><p>the giving of the instructions does not fall within any exception from Article 15A(1) created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, and</p></content></level><level class="para2"><num>(iii)</num><content><p>the instructions are not authorised,</p></content></level><wrapUp><p>(but see paragraph (3A)).</p></wrapUp></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-38-4-d"><num>(d)</num><content><p><mod>in paragraph (3)(b), after “(1)(b)” insert <quotedText>“or (c)”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-38-4-e"><num>(e)</num><content><p><mod>after paragraph (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph><num>(3A)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>a person who is subject to director disqualification sanctions (within the meaning of Article 15A) is not personally responsible under paragraph (1)(a) for any relevant debts of the company incurred at a time when the person did not know and could not reasonably have been expected to know that they were subject to director disqualification sanctions;</p></content></level><level class="para1"><num>(b)</num><content><p>a person is not personally responsible under paragraph (1)(c) for any relevant debts of the company incurred at a time when the person reasonably believed that the instructions were authorised.</p></content></level></paragraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-38-4-f"><num>(f)</num><content><p><mod>in paragraph (5), in the closing words, after “given” insert <quotedText>“by”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-38-4-g"><num>(g)</num><content><p><mod>after paragraph (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><paragraph><num>(6)</num><intro><p>Paragraph <ref href="#d28e4857">(7)</ref> applies where a person (“<term refersTo="#term-p">P</term>”) at any time—</p></intro><level class="para1"><num>(a)</num><content><p>was involved in the management of a company, and</p></content></level><level class="para1"><num>(b)</num><intro><p>acted on instructions where—</p></intro><level class="para2"><num>(i)</num><content><p>the instructions were given by a person (“<term refersTo="#term-d">D</term>”) whom P knew at that time to be subject to director disqualification sanctions (within the meaning of Article 15A),</p></content></level><level class="para2"><num>(ii)</num><content><p>the giving of the instructions did not fall within any exception from Article 15A(1) created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, and</p></content></level><level class="para2"><num>(iii)</num><content><p>the instructions were not authorised,</p></content></level></level><wrapUp><p>unless P reasonably believed at that time that the instructions were authorised.</p></wrapUp></paragraph><paragraph eId="d28e4857"><num>(7)</num><content><p>For the purposes of this Article P is presumed, unless the contrary is shown, to have been willing at any time thereafter to act on any instructions given by D.</p></content></paragraph><paragraph><num>(8)</num><content><p>For the purposes of this Article instructions are “authorised” if they are given under the authority of a licence issued by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018.</p></content></paragraph></quotedStructure></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-38-5"><num>(5)</num><content><p><mod>In Article 22 (register of disqualification orders and undertakings), in paragraph (3), after sub-paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>persons who are subject to director disqualification sanctions within the meaning of Article 15A;</p></content></level><level class="para1"><num>(e)</num><content><p>any licences issued by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018 that authorise such a person to do anything that would otherwise be prohibited by Article 15A(1).</p></content></level></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-39"><num>39</num><heading>Section 38: application to other bodies</heading><subsection eId="section-39-1"><num>(1)</num><content><p>The Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00004" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4)</ref>) is amended as follows.</p></content></subsection><subsection eId="section-39-2"><num>(2)</num><content><p><mod>In Article 24D (application of Order to building societies), in paragraph (3A)(a), for “and 10(2)(b) and (5A)” substitute <quotedText>“, 10(2)(b) and (5A) and <ref href="#d28e4633">15A</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-39-3"><num>(3)</num><content><p><mod>In Article 25 (application of Order to incorporated friendly societies), in paragraph (3A)(a), for “and 11A to 11E” substitute <quotedText>“, 11A to 11E and <ref href="#d28e4633">15A</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-39-4"><num>(4)</num><content><p><mod>In Article 25A (application of Order to registered societies), in paragraph (2)(g), for “and 11A to 11E” substitute <quotedText>“, 11A to 11E and <ref href="#d28e4633">15A</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-39-5"><num>(5)</num><content><p><mod>In Article 25B (application of Order to credit unions), in paragraph (3)(c), for “and 11A to 11E” substitute <quotedText>“, 11A to 11E and <ref href="#d28e4633">15A</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-39-6"><num>(6)</num><content><p><mod>In Article 25C (application of Order to protected cell companies), in paragraph (4)(za), for “and 10(2)(b) and (5A)” substitute <quotedText>“, 10(2)(b) and (5A) and <ref href="#d28e4633">15A</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-39-7"><num>(7)</num><content><p>The Secretary of State may by regulations repeal any of the previous subsections of this section before the subsection is brought into force.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-39-1"><num>(1)</num><content><p>The Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00004" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4)</ref>) is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-39-2"><num>(2)</num><content><p><mod>In Article 24D (application of Order to building societies), in paragraph (3A)(a), for “and 10(2)(b) and (5A)” substitute <quotedText>“, 10(2)(b) and (5A) and <ref href="#d28e4633">15A</ref>”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-39-3"><num>(3)</num><content><p><mod>In Article 25 (application of Order to incorporated friendly societies), in paragraph (3A)(a), for “and 11A to 11E” substitute <quotedText>“, 11A to 11E and <ref href="#d28e4633">15A</ref>”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-39-4"><num>(4)</num><content><p><mod>In Article 25A (application of Order to registered societies), in paragraph (2)(g), for “and 11A to 11E” substitute <quotedText>“, 11A to 11E and <ref href="#d28e4633">15A</ref>”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-39-5"><num>(5)</num><content><p><mod>In Article 25B (application of Order to credit unions), in paragraph (3)(c), for “and 11A to 11E” substitute <quotedText>“, 11A to 11E and <ref href="#d28e4633">15A</ref>”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-39-6"><num>(6)</num><content><p><mod>In Article 25C (application of Order to protected cell companies), in paragraph (4)(za), for “and 10(2)(b) and (5A)” substitute <quotedText>“, 10(2)(b) and (5A) and <ref href="#d28e4633">15A</ref>”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-39-7"><num>(7)</num><content><p>The Secretary of State may by regulations repeal any of the previous subsections of this section before the subsection is brought into force.</p></content></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-directors"><heading>Directors</heading><section eId="section-40"><num>40</num><heading>Disqualified directors</heading><subsection eId="section-40-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-40-2"><num>(2)</num><content><p><mod>After section 159 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e5000"><num>159A</num><heading>Disqualified person not to be appointed as director</heading><subsection><num>(1)</num><content><p>A person may not be appointed a director of a company if the person is disqualified under the directors disqualification legislation (see subsection <ref href="#d28e5013">(2)</ref>).</p></content></subsection><subsection eId="d28e5013"><num>(2)</num><intro><p>In the table—</p></intro><level class="para1"><num>(a)</num><intro><p>Part 1 defines “<term refersTo="#term-disqualified-under-the-directors-disqualification-legislation">disqualified under the directors disqualification legislation</term>” for the purposes of provisions of this Act so far as relating to—</p></intro><level class="para2"><num>(i)</num><content><p>a company registered in England and Wales or Scotland, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the delivery of a document to the registrar of companies for England and Wales or Scotland or a statement contained in such a document;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>Part 2 defines “<term refersTo="#term-disqualified-under-the-directors-disqualification-legislation">disqualified under the directors disqualification legislation</term>” for the purposes of provisions of this Act so far as relating to—</p></intro><level class="para2"><num>(i)</num><content><p>a company registered in Northern Ireland, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the delivery of a document to the registrar of companies for Northern Ireland or a statement contained in such a document.</p></content></level></level><wrapUp><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:53%"/><default:col span="1" style="width:47%"/><default:thead><default:tr><default:th><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">For those purposes a person (P) is disqualified under the directors disqualification legislation if:</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Except in the application of the provision in relation to P acting in a capacity, or doing anything, for which P has the permission of a court or the authority of a licence, or in respect of which an exception applies, by virtue of:</p></default:th></default:tr></default:thead><default:tbody><default:tr><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" colspan="2" fo:border-top-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Part 1: England and Wales and Scotland</p></default:th></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is subject to a disqualification order or undertaking under the Company Directors Disqualification Act 1986.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 1(1), 1A(1) or 9B(4) of the 1986 Act.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Any of the circumstances mentioned in section 11 of the Company Directors Disqualification Act 1986 (bankruptcy etc) apply to P.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 11 of the 1986 Act.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is subject to director disqualification sanctions within the meaning of section 11A of the Company Directors Disqualification Act 1986.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018 (exceptions and licences). </p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 12 of the Company Directors Disqualification Act 1986 (disabilities on revocation of administration order against an individual) applies to P.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 12 of the 1986 Act.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is subject to a disqualification order or undertaking mentioned in section 12A or 12B of the Company Directors Disqualification Act 1986 (recognition of Northern Ireland disqualification orders and undertakings).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 12A or 12B of the 1986 Act.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is disqualified as mentioned in section 1184(2)(a) or (b) or is subject to a disqualification undertaking under section 1184(3).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 1184(5).</p></default:td></default:tr><default:tr><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" colspan="2" fo:border-top-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Part 2: Northern Ireland</p></default:th></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is subject to a disqualification order or undertaking under the Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00005" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I.2002/3150 (N.I. 4)</ref>).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Article 3(1), 4(1) or 13B(4) of the 2002 Order.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Any of the circumstances mentioned in Article 15 of the Company Directors Disqualification (Northern Ireland) Order 2002 (bankruptcy etc) apply to P.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Article 15 of the 2002 Order.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is subject to director disqualification sanctions within the meaning of Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018 (exceptions and licences).</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Article 16 of the Company Directors Disqualification (Northern Ireland) Order 2002 (disabilities on revocation of administration order against an individual) applies to P.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Article 16 of the 2002 Order.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is subject to a disqualification order or undertaking mentioned in Article 17 of the Company Directors Disqualification (Northern Ireland) Order 2002 (recognition of GB disqualification orders and undertakings).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Article 17 of the 2002 Order.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is disqualified as mentioned in section 1184(2)(a) or (b) or is subject to a disqualification undertaking under section 1184(3).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 1184(5).</p></default:td></default:tr></default:tbody></default:table></foreign></tblock></wrapUp></subsection><subsection><num>(3)</num><content><p>An appointment made in contravention of this section is void.</p></content></subsection><subsection><num>(4)</num><intro><p>Nothing in this section affects any liability of a person under any provision of the Companies Acts or any other enactment if the person—</p></intro><level class="para1"><num>(a)</num><content><p>purports to act as director, or</p></content></level><level class="para1"><num>(b)</num><content><p>acts as shadow director,</p></content></level><wrapUp><p>although the person could not, by virtue of this section, be validly appointed as a director.</p></wrapUp></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-40-3"><num>(3)</num><content><p><mod>After section 169 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>169A</num><heading>Removal from office of disqualified directors</heading><subsection eId="d28e5182"><num>(1)</num><content><p>A person who has been appointed as a director of a company ceases to hold office by virtue of that appointment if the person becomes disqualified under the directors disqualification legislation (see section <ref href="#d28e5000">159A</ref><ref href="#d28e5013">(2)</ref>).</p></content></subsection><subsection><num>(2)</num><intro><p>Nothing in this section affects any liability of a person under any provision of the Companies Acts or any other enactment, if, having ceased to hold office by virtue of subsection <ref href="#d28e5182">(1)</ref>, the person—</p></intro><level class="para1"><num>(a)</num><content><p>purports to act as director, or</p></content></level><level class="para1"><num>(b)</num><content><p>acts as shadow director.</p></content></level></subsection><subsection><num>(3)</num><content><p>In relation to a person appointed as a director of a company before the time when this section comes into force, the reference in subsection <ref href="#d28e5182">(1)</ref> to a person who becomes disqualified includes a reference to a person who, at that time, is already disqualified.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-40-4"><num>(4)</num><content><p><mod>In Schedule 8 (index of defined expressions), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:70%"/><default:col span="1" style="width:30%"/><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">disqualified under the directors disqualification legislation</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">section <ref href="#d28e5000">159A</ref><ref href="#d28e5013">(2)</ref></p></default:td></default:tr></default:tbody></default:table></foreign></tblock></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-41"><num>41</num><heading>Section 40: amendments to clarify existing corresponding provisions</heading><subsection eId="section-41-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-41-2"><num>(2)</num><intro><p>In section 156C (existing director who is not a natural person)—</p></intro><level class="para1" eId="section-41-2-a"><num>(a)</num><content><p><mod>in subsection (2), for “be a director” substitute <quotedText>“hold office by virtue of that appointment”</quotedText>;</mod></p></content></level><level class="para1" eId="section-41-2-b"><num>(b)</num><content><p><mod>after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>Nothing in this section affects any liability of a person under any provision of the Companies Acts or any other enactment, if, having ceased to hold office by virtue of subsection (2), the person—</p></intro><level class="para1"><num>(a)</num><content><p>purports to act as director, or</p></content></level><level class="para1"><num>(b)</num><content><p>acts as shadow director.</p></content></level></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-41-3"><num>(3)</num><intro><p>In section 158 (power to provide for exceptions from minimum age requirement)—</p></intro><level class="para1" eId="section-41-3-a"><num>(a)</num><content><p><mod>in subsection (3), after “office” insert <quotedText>“by virtue of that appointment”</quotedText>;</mod></p></content></level><level class="para1" eId="section-41-3-b"><num>(b)</num><content><p><mod>after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><intro><p>Nothing in subsection (3) affects any liability of a person under any provision of the Companies Acts or any other enactment, if, having ceased to hold office by virtue of that subsection, the person—</p></intro><level class="para1"><num>(a)</num><content><p>purports to act as director, or</p></content></level><level class="para1"><num>(b)</num><content><p>acts as shadow director.</p></content></level></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-41-4"><num>(4)</num><content><p>Omit section 159 (which is spent).</p></content></subsection></section><section eId="section-42"><num>42</num><heading>Repeal of power to require additional statements</heading><intro><p>In the Companies Act 2006—</p></intro><level class="para1" eId="section-42-a"><num>(a)</num><content><p>omit section 1189 (power to require additional statements in connection with disqualified person becoming director or secretary);</p></content></level><level class="para1" eId="section-42-b"><num>(b)</num><content><p>in sections 1190(1) and 1191(1) (further provision and offences), omit “or 1189”.</p></content></level></section><section eId="section-43"><num>43</num><heading>Prohibition on director acting unless ID verified</heading><content><p><mod>After section <ref href="#d28e33160">167L</ref> of the Companies Act 2006 (inserted by Schedule 2 to this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Directors: duties relating to ID verification and notification</heading><section eId="d28e5391"><num>167M</num><heading>Prohibition on director acting unless ID verified</heading><subsection eId="d28e5395"><num>(1)</num><content><p>An individual must not act as a director of a company unless the individual’s identity is verified (see section 1110A).</p></content></subsection><subsection eId="d28e5401"><num>(2)</num><content><p>A company must ensure that an individual does not act as a director unless the individual’s identity is verified (see section 1110A).</p></content></subsection><subsection eId="d28e5407"><num>(3)</num><content><p>A person who contravenes subsection <ref href="#d28e5395">(1)</ref> commits an offence.</p></content></subsection><subsection eId="d28e5416"><num>(4)</num><intro><p>If a company contravenes subsection <ref href="#d28e5401">(2)</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level><wrapUp><p>For this purpose a shadow director is treated as an officer of the company.</p></wrapUp></subsection><subsection><num>(5)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(6)</num><content><p>The only consequences of contravening subsections <ref href="#d28e5395">(1)</ref> and <ref href="#d28e5401">(2)</ref> are the offences provided for by this section (so that, for example, a contravention does not in any way affect the validity of an individual’s acts as a director).</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section><section eId="section-44"><num>44</num><heading>Prohibition on acting unless directorship notified</heading><content><p><mod>After section <ref href="#d28e5391">167M</ref> of the Companies Act 2006 (inserted by section 43 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e5488"><num>167N</num><heading>Prohibition on acting unless directorship notified</heading><subsection eId="d28e5492"><num>(1)</num><intro><p>This section applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a person has become a director of a company otherwise than on its incorporation, and</p></content></level><level class="para1"><num>(b)</num><content><p>notice under section <ref href="#d28e32750">167G</ref> of the person having done so has not been given within the period mentioned in subsection <ref href="#d28e32871">(6)</ref> of that section.</p></content></level></subsection><subsection eId="d28e5516"><num>(2)</num><content><p>The person may not act as a director of the company until notice is given under section <ref href="#d28e32750">167G</ref>.</p></content></subsection><subsection eId="d28e5525"><num>(3)</num><content><p>A person who contravenes subsection <ref href="#d28e5516">(2)</ref> commits an offence.</p></content></subsection><subsection><num>(4)</num><content><p>Where the offence is committed by a firm, every officer of the firm who is in default also commits the offence.</p></content></subsection><subsection><num>(5)</num><content><p>It is a defence for a person charged with an offence under this section to prove that they reasonably believed that notice had been given under section <ref href="#d28e32750">167G</ref>.</p></content></subsection><subsection><num>(6)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(7)</num><content><p>The only consequence of a contravention of subsection <ref href="#d28e5516">(2)</ref> is the offence provided for by this section (so that, for example, a contravention does not in any way affect the validity of a person’s acts as a director).</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-45"><num>45</num><heading>Registrar’s power to change a director’s service address</heading><content><p><mod>For section 246 of the Companies Act 2006 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>246</num><heading>Putting the address on the public record</heading><subsection><num>(1)</num><intro><p>If the registrar decides in accordance with section 245 that a director‘s usual residential address is to be put on the public record, the registrar must proceed as if each relevant company had given notice under section 167H—</p></intro><level class="para1"><num>(a)</num><content><p>stating a change in the director’s service address, and</p></content></level><level class="para1"><num>(b)</num><content><p>stating the director’s usual residential address as their new service address.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The registrar must give notice of having done so—</p></intro><level class="para1"><num>(a)</num><content><p>to the director, and</p></content></level><level class="para1"><num>(b)</num><content><p>to every relevant company.</p></content></level></subsection><subsection><num>(3)</num><content><p>The notice must state the date of the registrar’s decision to put the director’s usual residential address on the public record.</p></content></subsection><subsection><num>(4)</num><content><p>Where a director’s usual residential address has been put on the public record by the registrar under this section, for the period of five years beginning with the date of the registrar’s decision no service address may be registered for the director other than their usual residential address (but see subsection (5)).</p></content></subsection><subsection><num>(5)</num><intro><p>Subsection (4)—</p></intro><level class="para1"><num>(a)</num><content><p>does not limit the service address that may be registered for the director under regulations under section <ref href="#d28e14962">1097B</ref> (rectification of register), and</p></content></level><level class="para1"><num>(b)</num><content><p>ceases to apply in relation to the director if a new service address is registered for the director under those regulations.</p></content></level></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-relevant-company">relevant company</term>” means each company given notice under section 245(2)(b).</p></content></subsection></section></quotedStructure></mod></p></content></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-40"><num>40</num><heading>Disqualified directors</heading><subsection eId="section-40-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-40-2"><num>(2)</num><content><p><mod>After section 159 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e5000"><num>159A</num><heading>Disqualified person not to be appointed as director</heading><subsection><num>(1)</num><content><p>A person may not be appointed a director of a company if the person is disqualified under the directors disqualification legislation (see subsection <ref href="#d28e5013">(2)</ref>).</p></content></subsection><subsection eId="d28e5013"><num>(2)</num><intro><p>In the table—</p></intro><level class="para1"><num>(a)</num><intro><p>Part 1 defines “<term refersTo="#term-disqualified-under-the-directors-disqualification-legislation">disqualified under the directors disqualification legislation</term>” for the purposes of provisions of this Act so far as relating to—</p></intro><level class="para2"><num>(i)</num><content><p>a company registered in England and Wales or Scotland, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the delivery of a document to the registrar of companies for England and Wales or Scotland or a statement contained in such a document;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>Part 2 defines “<term refersTo="#term-disqualified-under-the-directors-disqualification-legislation">disqualified under the directors disqualification legislation</term>” for the purposes of provisions of this Act so far as relating to—</p></intro><level class="para2"><num>(i)</num><content><p>a company registered in Northern Ireland, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the delivery of a document to the registrar of companies for Northern Ireland or a statement contained in such a document.</p></content></level></level><wrapUp><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:53%"/><default:col span="1" style="width:47%"/><default:thead><default:tr><default:th><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">For those purposes a person (P) is disqualified under the directors disqualification legislation if:</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Except in the application of the provision in relation to P acting in a capacity, or doing anything, for which P has the permission of a court or the authority of a licence, or in respect of which an exception applies, by virtue of:</p></default:th></default:tr></default:thead><default:tbody><default:tr><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" colspan="2" fo:border-top-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Part 1: England and Wales and Scotland</p></default:th></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is subject to a disqualification order or undertaking under the Company Directors Disqualification Act 1986.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 1(1), 1A(1) or 9B(4) of the 1986 Act.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Any of the circumstances mentioned in section 11 of the Company Directors Disqualification Act 1986 (bankruptcy etc) apply to P.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 11 of the 1986 Act.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is subject to director disqualification sanctions within the meaning of section 11A of the Company Directors Disqualification Act 1986.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018 (exceptions and licences). </p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 12 of the Company Directors Disqualification Act 1986 (disabilities on revocation of administration order against an individual) applies to P.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 12 of the 1986 Act.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is subject to a disqualification order or undertaking mentioned in section 12A or 12B of the Company Directors Disqualification Act 1986 (recognition of Northern Ireland disqualification orders and undertakings).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 12A or 12B of the 1986 Act.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is disqualified as mentioned in section 1184(2)(a) or (b) or is subject to a disqualification undertaking under section 1184(3).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 1184(5).</p></default:td></default:tr><default:tr><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" colspan="2" fo:border-top-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Part 2: Northern Ireland</p></default:th></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is subject to a disqualification order or undertaking under the Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00005" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I.2002/3150 (N.I. 4)</ref>).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Article 3(1), 4(1) or 13B(4) of the 2002 Order.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Any of the circumstances mentioned in Article 15 of the Company Directors Disqualification (Northern Ireland) Order 2002 (bankruptcy etc) apply to P.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Article 15 of the 2002 Order.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is subject to director disqualification sanctions within the meaning of Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018 (exceptions and licences).</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Article 16 of the Company Directors Disqualification (Northern Ireland) Order 2002 (disabilities on revocation of administration order against an individual) applies to P.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Article 16 of the 2002 Order.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is subject to a disqualification order or undertaking mentioned in Article 17 of the Company Directors Disqualification (Northern Ireland) Order 2002 (recognition of GB disqualification orders and undertakings).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Article 17 of the 2002 Order.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is disqualified as mentioned in section 1184(2)(a) or (b) or is subject to a disqualification undertaking under section 1184(3).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 1184(5).</p></default:td></default:tr></default:tbody></default:table></foreign></tblock></wrapUp></subsection><subsection><num>(3)</num><content><p>An appointment made in contravention of this section is void.</p></content></subsection><subsection><num>(4)</num><intro><p>Nothing in this section affects any liability of a person under any provision of the Companies Acts or any other enactment if the person—</p></intro><level class="para1"><num>(a)</num><content><p>purports to act as director, or</p></content></level><level class="para1"><num>(b)</num><content><p>acts as shadow director,</p></content></level><wrapUp><p>although the person could not, by virtue of this section, be validly appointed as a director.</p></wrapUp></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-40-3"><num>(3)</num><content><p><mod>After section 169 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>169A</num><heading>Removal from office of disqualified directors</heading><subsection eId="d28e5182"><num>(1)</num><content><p>A person who has been appointed as a director of a company ceases to hold office by virtue of that appointment if the person becomes disqualified under the directors disqualification legislation (see section <ref href="#d28e5000">159A</ref><ref href="#d28e5013">(2)</ref>).</p></content></subsection><subsection><num>(2)</num><intro><p>Nothing in this section affects any liability of a person under any provision of the Companies Acts or any other enactment, if, having ceased to hold office by virtue of subsection <ref href="#d28e5182">(1)</ref>, the person—</p></intro><level class="para1"><num>(a)</num><content><p>purports to act as director, or</p></content></level><level class="para1"><num>(b)</num><content><p>acts as shadow director.</p></content></level></subsection><subsection><num>(3)</num><content><p>In relation to a person appointed as a director of a company before the time when this section comes into force, the reference in subsection <ref href="#d28e5182">(1)</ref> to a person who becomes disqualified includes a reference to a person who, at that time, is already disqualified.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-40-4"><num>(4)</num><content><p><mod>In Schedule 8 (index of defined expressions), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:70%"/><default:col span="1" style="width:30%"/><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">disqualified under the directors disqualification legislation</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">section <ref href="#d28e5000">159A</ref><ref href="#d28e5013">(2)</ref></p></default:td></default:tr></default:tbody></default:table></foreign></tblock></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-40-2"><num>(2)</num><content><p><mod>After section 159 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e5000"><num>159A</num><heading>Disqualified person not to be appointed as director</heading><subsection><num>(1)</num><content><p>A person may not be appointed a director of a company if the person is disqualified under the directors disqualification legislation (see subsection <ref href="#d28e5013">(2)</ref>).</p></content></subsection><subsection eId="d28e5013"><num>(2)</num><intro><p>In the table—</p></intro><level class="para1"><num>(a)</num><intro><p>Part 1 defines “<term refersTo="#term-disqualified-under-the-directors-disqualification-legislation">disqualified under the directors disqualification legislation</term>” for the purposes of provisions of this Act so far as relating to—</p></intro><level class="para2"><num>(i)</num><content><p>a company registered in England and Wales or Scotland, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the delivery of a document to the registrar of companies for England and Wales or Scotland or a statement contained in such a document;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>Part 2 defines “<term refersTo="#term-disqualified-under-the-directors-disqualification-legislation">disqualified under the directors disqualification legislation</term>” for the purposes of provisions of this Act so far as relating to—</p></intro><level class="para2"><num>(i)</num><content><p>a company registered in Northern Ireland, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the delivery of a document to the registrar of companies for Northern Ireland or a statement contained in such a document.</p></content></level></level><wrapUp><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:53%"/><default:col span="1" style="width:47%"/><default:thead><default:tr><default:th><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">For those purposes a person (P) is disqualified under the directors disqualification legislation if:</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Except in the application of the provision in relation to P acting in a capacity, or doing anything, for which P has the permission of a court or the authority of a licence, or in respect of which an exception applies, by virtue of:</p></default:th></default:tr></default:thead><default:tbody><default:tr><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" colspan="2" fo:border-top-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Part 1: England and Wales and Scotland</p></default:th></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is subject to a disqualification order or undertaking under the Company Directors Disqualification Act 1986.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 1(1), 1A(1) or 9B(4) of the 1986 Act.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Any of the circumstances mentioned in section 11 of the Company Directors Disqualification Act 1986 (bankruptcy etc) apply to P.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 11 of the 1986 Act.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is subject to director disqualification sanctions within the meaning of section 11A of the Company Directors Disqualification Act 1986.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018 (exceptions and licences). </p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 12 of the Company Directors Disqualification Act 1986 (disabilities on revocation of administration order against an individual) applies to P.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 12 of the 1986 Act.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is subject to a disqualification order or undertaking mentioned in section 12A or 12B of the Company Directors Disqualification Act 1986 (recognition of Northern Ireland disqualification orders and undertakings).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 12A or 12B of the 1986 Act.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is disqualified as mentioned in section 1184(2)(a) or (b) or is subject to a disqualification undertaking under section 1184(3).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 1184(5).</p></default:td></default:tr><default:tr><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" colspan="2" fo:border-top-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Part 2: Northern Ireland</p></default:th></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is subject to a disqualification order or undertaking under the Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00005" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I.2002/3150 (N.I. 4)</ref>).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Article 3(1), 4(1) or 13B(4) of the 2002 Order.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Any of the circumstances mentioned in Article 15 of the Company Directors Disqualification (Northern Ireland) Order 2002 (bankruptcy etc) apply to P.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Article 15 of the 2002 Order.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is subject to director disqualification sanctions within the meaning of Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018 (exceptions and licences).</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Article 16 of the Company Directors Disqualification (Northern Ireland) Order 2002 (disabilities on revocation of administration order against an individual) applies to P.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Article 16 of the 2002 Order.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is subject to a disqualification order or undertaking mentioned in Article 17 of the Company Directors Disqualification (Northern Ireland) Order 2002 (recognition of GB disqualification orders and undertakings).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Article 17 of the 2002 Order.</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">P is disqualified as mentioned in section 1184(2)(a) or (b) or is subject to a disqualification undertaking under section 1184(3).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Section 1184(5).</p></default:td></default:tr></default:tbody></default:table></foreign></tblock></wrapUp></subsection><subsection><num>(3)</num><content><p>An appointment made in contravention of this section is void.</p></content></subsection><subsection><num>(4)</num><intro><p>Nothing in this section affects any liability of a person under any provision of the Companies Acts or any other enactment if the person—</p></intro><level class="para1"><num>(a)</num><content><p>purports to act as director, or</p></content></level><level class="para1"><num>(b)</num><content><p>acts as shadow director,</p></content></level><wrapUp><p>although the person could not, by virtue of this section, be validly appointed as a director.</p></wrapUp></subsection></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-40-3"><num>(3)</num><content><p><mod>After section 169 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>169A</num><heading>Removal from office of disqualified directors</heading><subsection eId="d28e5182"><num>(1)</num><content><p>A person who has been appointed as a director of a company ceases to hold office by virtue of that appointment if the person becomes disqualified under the directors disqualification legislation (see section <ref href="#d28e5000">159A</ref><ref href="#d28e5013">(2)</ref>).</p></content></subsection><subsection><num>(2)</num><intro><p>Nothing in this section affects any liability of a person under any provision of the Companies Acts or any other enactment, if, having ceased to hold office by virtue of subsection <ref href="#d28e5182">(1)</ref>, the person—</p></intro><level class="para1"><num>(a)</num><content><p>purports to act as director, or</p></content></level><level class="para1"><num>(b)</num><content><p>acts as shadow director.</p></content></level></subsection><subsection><num>(3)</num><content><p>In relation to a person appointed as a director of a company before the time when this section comes into force, the reference in subsection <ref href="#d28e5182">(1)</ref> to a person who becomes disqualified includes a reference to a person who, at that time, is already disqualified.</p></content></subsection></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-40-4"><num>(4)</num><content><p><mod>In Schedule 8 (index of defined expressions), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:70%"/><default:col span="1" style="width:30%"/><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">disqualified under the directors disqualification legislation</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">section <ref href="#d28e5000">159A</ref><ref href="#d28e5013">(2)</ref></p></default:td></default:tr></default:tbody></default:table></foreign></tblock></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-41"><num>41</num><heading>Section 40: amendments to clarify existing corresponding provisions</heading><subsection eId="section-41-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-41-2"><num>(2)</num><intro><p>In section 156C (existing director who is not a natural person)—</p></intro><level class="para1" eId="section-41-2-a"><num>(a)</num><content><p><mod>in subsection (2), for “be a director” substitute <quotedText>“hold office by virtue of that appointment”</quotedText>;</mod></p></content></level><level class="para1" eId="section-41-2-b"><num>(b)</num><content><p><mod>after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>Nothing in this section affects any liability of a person under any provision of the Companies Acts or any other enactment, if, having ceased to hold office by virtue of subsection (2), the person—</p></intro><level class="para1"><num>(a)</num><content><p>purports to act as director, or</p></content></level><level class="para1"><num>(b)</num><content><p>acts as shadow director.</p></content></level></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-41-3"><num>(3)</num><intro><p>In section 158 (power to provide for exceptions from minimum age requirement)—</p></intro><level class="para1" eId="section-41-3-a"><num>(a)</num><content><p><mod>in subsection (3), after “office” insert <quotedText>“by virtue of that appointment”</quotedText>;</mod></p></content></level><level class="para1" eId="section-41-3-b"><num>(b)</num><content><p><mod>after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><intro><p>Nothing in subsection (3) affects any liability of a person under any provision of the Companies Acts or any other enactment, if, having ceased to hold office by virtue of that subsection, the person—</p></intro><level class="para1"><num>(a)</num><content><p>purports to act as director, or</p></content></level><level class="para1"><num>(b)</num><content><p>acts as shadow director.</p></content></level></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-41-4"><num>(4)</num><content><p>Omit section 159 (which is spent).</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-41-2"><num>(2)</num><intro><p>In section 156C (existing director who is not a natural person)—</p></intro><level class="para1" eId="section-41-2-a"><num>(a)</num><content><p><mod>in subsection (2), for “be a director” substitute <quotedText>“hold office by virtue of that appointment”</quotedText>;</mod></p></content></level><level class="para1" eId="section-41-2-b"><num>(b)</num><content><p><mod>after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>Nothing in this section affects any liability of a person under any provision of the Companies Acts or any other enactment, if, having ceased to hold office by virtue of subsection (2), the person—</p></intro><level class="para1"><num>(a)</num><content><p>purports to act as director, or</p></content></level><level class="para1"><num>(b)</num><content><p>acts as shadow director.</p></content></level></subsection></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-2-a"><num>(a)</num><content><p><mod>in subsection (2), for “be a director” substitute <quotedText>“hold office by virtue of that appointment”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-41-2-b"><num>(b)</num><content><p><mod>after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>Nothing in this section affects any liability of a person under any provision of the Companies Acts or any other enactment, if, having ceased to hold office by virtue of subsection (2), the person—</p></intro><level class="para1"><num>(a)</num><content><p>purports to act as director, or</p></content></level><level class="para1"><num>(b)</num><content><p>acts as shadow director.</p></content></level></subsection></quotedStructure></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-41-3"><num>(3)</num><intro><p>In section 158 (power to provide for exceptions from minimum age requirement)—</p></intro><level class="para1" eId="section-41-3-a"><num>(a)</num><content><p><mod>in subsection (3), after “office” insert <quotedText>“by virtue of that appointment”</quotedText>;</mod></p></content></level><level class="para1" eId="section-41-3-b"><num>(b)</num><content><p><mod>after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><intro><p>Nothing in subsection (3) affects any liability of a person under any provision of the Companies Acts or any other enactment, if, having ceased to hold office by virtue of that subsection, the person—</p></intro><level class="para1"><num>(a)</num><content><p>purports to act as director, or</p></content></level><level class="para1"><num>(b)</num><content><p>acts as shadow director.</p></content></level></subsection></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-3-a"><num>(a)</num><content><p><mod>in subsection (3), after “office” insert <quotedText>“by virtue of that appointment”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-41-3-b"><num>(b)</num><content><p><mod>after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><intro><p>Nothing in subsection (3) affects any liability of a person under any provision of the Companies Acts or any other enactment, if, having ceased to hold office by virtue of that subsection, the person—</p></intro><level class="para1"><num>(a)</num><content><p>purports to act as director, or</p></content></level><level class="para1"><num>(b)</num><content><p>acts as shadow director.</p></content></level></subsection></quotedStructure></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41-4"><num>(4)</num><content><p>Omit section 159 (which is spent).</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-42"><num>42</num><heading>Repeal of power to require additional statements</heading><intro><p>In the Companies Act 2006—</p></intro><level class="para1" eId="section-42-a"><num>(a)</num><content><p>omit section 1189 (power to require additional statements in connection with disqualified person becoming director or secretary);</p></content></level><level class="para1" eId="section-42-b"><num>(b)</num><content><p>in sections 1190(1) and 1191(1) (further provision and offences), omit “or 1189”.</p></content></level></section>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-42-a"><num>(a)</num><content><p>omit section 1189 (power to require additional statements in connection with disqualified person becoming director or secretary);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-42-b"><num>(b)</num><content><p>in sections 1190(1) and 1191(1) (further provision and offences), omit “or 1189”.</p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-43"><num>43</num><heading>Prohibition on director acting unless ID verified</heading><content><p><mod>After section <ref href="#d28e33160">167L</ref> of the Companies Act 2006 (inserted by Schedule 2 to this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Directors: duties relating to ID verification and notification</heading><section eId="d28e5391"><num>167M</num><heading>Prohibition on director acting unless ID verified</heading><subsection eId="d28e5395"><num>(1)</num><content><p>An individual must not act as a director of a company unless the individual’s identity is verified (see section 1110A).</p></content></subsection><subsection eId="d28e5401"><num>(2)</num><content><p>A company must ensure that an individual does not act as a director unless the individual’s identity is verified (see section 1110A).</p></content></subsection><subsection eId="d28e5407"><num>(3)</num><content><p>A person who contravenes subsection <ref href="#d28e5395">(1)</ref> commits an offence.</p></content></subsection><subsection eId="d28e5416"><num>(4)</num><intro><p>If a company contravenes subsection <ref href="#d28e5401">(2)</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level><wrapUp><p>For this purpose a shadow director is treated as an officer of the company.</p></wrapUp></subsection><subsection><num>(5)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(6)</num><content><p>The only consequences of contravening subsections <ref href="#d28e5395">(1)</ref> and <ref href="#d28e5401">(2)</ref> are the offences provided for by this section (so that, for example, a contravention does not in any way affect the validity of an individual’s acts as a director).</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-44"><num>44</num><heading>Prohibition on acting unless directorship notified</heading><content><p><mod>After section <ref href="#d28e5391">167M</ref> of the Companies Act 2006 (inserted by section 43 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e5488"><num>167N</num><heading>Prohibition on acting unless directorship notified</heading><subsection eId="d28e5492"><num>(1)</num><intro><p>This section applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a person has become a director of a company otherwise than on its incorporation, and</p></content></level><level class="para1"><num>(b)</num><content><p>notice under section <ref href="#d28e32750">167G</ref> of the person having done so has not been given within the period mentioned in subsection <ref href="#d28e32871">(6)</ref> of that section.</p></content></level></subsection><subsection eId="d28e5516"><num>(2)</num><content><p>The person may not act as a director of the company until notice is given under section <ref href="#d28e32750">167G</ref>.</p></content></subsection><subsection eId="d28e5525"><num>(3)</num><content><p>A person who contravenes subsection <ref href="#d28e5516">(2)</ref> commits an offence.</p></content></subsection><subsection><num>(4)</num><content><p>Where the offence is committed by a firm, every officer of the firm who is in default also commits the offence.</p></content></subsection><subsection><num>(5)</num><content><p>It is a defence for a person charged with an offence under this section to prove that they reasonably believed that notice had been given under section <ref href="#d28e32750">167G</ref>.</p></content></subsection><subsection><num>(6)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(7)</num><content><p>The only consequence of a contravention of subsection <ref href="#d28e5516">(2)</ref> is the offence provided for by this section (so that, for example, a contravention does not in any way affect the validity of a person’s acts as a director).</p></content></subsection></section></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-45"><num>45</num><heading>Registrar’s power to change a director’s service address</heading><content><p><mod>For section 246 of the Companies Act 2006 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>246</num><heading>Putting the address on the public record</heading><subsection><num>(1)</num><intro><p>If the registrar decides in accordance with section 245 that a director‘s usual residential address is to be put on the public record, the registrar must proceed as if each relevant company had given notice under section 167H—</p></intro><level class="para1"><num>(a)</num><content><p>stating a change in the director’s service address, and</p></content></level><level class="para1"><num>(b)</num><content><p>stating the director’s usual residential address as their new service address.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The registrar must give notice of having done so—</p></intro><level class="para1"><num>(a)</num><content><p>to the director, and</p></content></level><level class="para1"><num>(b)</num><content><p>to every relevant company.</p></content></level></subsection><subsection><num>(3)</num><content><p>The notice must state the date of the registrar’s decision to put the director’s usual residential address on the public record.</p></content></subsection><subsection><num>(4)</num><content><p>Where a director’s usual residential address has been put on the public record by the registrar under this section, for the period of five years beginning with the date of the registrar’s decision no service address may be registered for the director other than their usual residential address (but see subsection (5)).</p></content></subsection><subsection><num>(5)</num><intro><p>Subsection (4)—</p></intro><level class="para1"><num>(a)</num><content><p>does not limit the service address that may be registered for the director under regulations under section <ref href="#d28e14962">1097B</ref> (rectification of register), and</p></content></level><level class="para1"><num>(b)</num><content><p>ceases to apply in relation to the director if a new service address is registered for the director under those regulations.</p></content></level></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-relevant-company">relevant company</term>” means each company given notice under section 245(2)(b).</p></content></subsection></section></quotedStructure></mod></p></content></section>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-register-of-members"><heading>Register of members</heading><section eId="section-46"><num>46</num><heading>Register of members: information to be included and powers to obtain it</heading><subsection eId="section-46-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-46-2"><num>(2)</num><content><p><mod>In section 112 (the members of a company), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><content><p>Where an individual’s name is entered in a company’s register of members but is not in the form required by section <ref href="#d28e5904">113A</ref>, that does not affect the person becoming a member of the company by virtue of subsection (2).</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-46-3"><num>(3)</num><content><p><mod>For the italic heading “General” at the beginning of Chapter 2 of Part 8 substitute <quotedText>“Duty to keep register”</quotedText>.</mod></p></content></subsection><subsection eId="section-46-4"><num>(4)</num><intro><p>In section 113 (register of members)—</p></intro><level class="para1" eId="section-46-4-a"><num>(a)</num><content><p><mod>for subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><intro><p>There must be entered in the register, in respect of each person who is a member—</p></intro><level class="para1"><num>(a)</num><content><p>the required information (see sections <ref href="#d28e5904">113A</ref> and <ref href="#d28e5965">113B</ref>), and</p></content></level><level class="para1"><num>(b)</num><content><p>the date on which the person was registered as a member.</p></content></level></subsection><subsection><num>(2A)</num><content><p>Where a person ceases to be a member there must be entered in the register the date at which the person’s membership ceased.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-46-4-b"><num>(b)</num><content><p>in subsection (3), omit “, with the names and addresses of the members,”;</p></content></level><level class="para1" eId="section-46-4-c"><num>(c)</num><content><p><mod>in subsection (5), after “show a single” insert <quotedText>“service”</quotedText>;</mod></p></content></level><level class="para1" eId="section-46-4-d"><num>(d)</num><content><p>in subsection (6), omit “, with the names and addresses of the members,”;</p></content></level><level class="para1" eId="section-46-4-e"><num>(e)</num><content><p><mod>after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6A)</num><intro><p>Where any of the information required to be entered in a company’s register of members changes and, at the time of the change, it is a non-traded company—</p></intro><level class="para1"><num>(a)</num><content><p>the fact that the information has changed does not relieve the company from the obligation to include the old information in the register if it has not already done so,</p></content></level><level class="para1"><num>(b)</num><content><p>the old information must be retained in the register until its removal is authorised by section 121 or by court order under section 125, and</p></content></level><level class="para1"><num>(c)</num><content><p>a note must be included in the register recording the date on which the information changed and the date on which the change was entered in the register.</p></content></level></subsection><subsection eId="d28e5812"><num>(6B)</num><content><p>Where any of the information required to be entered in a company’s register of members changes and, at the time of the change, it is a traded company, the company is not required to include or retain the old information in the register.</p></content></subsection><subsection eId="d28e5818"><num>(6C)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>amend subsection (6A) so as to provide for it to apply in relation to traded companies, and</p></content></level><level class="para1"><num>(b)</num><content><p>repeal subsection <ref href="#d28e5812">(6B)</ref> in consequence.</p></content></level></subsection><subsection><num>(6D)</num><content><p>Regulations under subsection <ref href="#d28e5818">(6C)</ref> are subject to affirmative resolution procedure.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-46-4-f"><num>(f)</num><content><p><mod>in subsection (7), after “If” insert <quotedText>“, without reasonable excuse,”</quotedText>;</mod></p></content></level><level class="para1" eId="section-46-4-g"><num>(g)</num><content><p><mod>after subsection (8) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(9)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-non-traded-company">non-traded company</term>” means a company that is not a traded company;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-market">relevant market</term>” has the meaning given by section 853E(6);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-traded-company">traded company</term>” means a company any of whose shares are admitted to trading on a relevant market or on any other market which is outside the United Kingdom.</p></content></hcontainer></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-46-5"><num>(5)</num><content><p><mod>After section 113 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e5904"><num>113A</num><heading>Required information about members: individuals</heading><subsection><num>(1)</num><intro><p>The required information about a member who is an individual is—</p></intro><level class="para1"><num>(a)</num><content><p>name;</p></content></level><level class="para1"><num>(b)</num><content><p>a service address.</p></content></level></subsection><subsection eId="d28e5926"><num>(2)</num><content><p>In this section “<term refersTo="#term-name">name</term>” means forename and surname.</p></content></subsection><subsection eId="d28e5935"><num>(3)</num><intro><p>Where a member is a peer or an individual usually known by a title—</p></intro><level class="para1"><num>(a)</num><content><p>any requirement imposed by section <ref href="#d28e6043">113D</ref> or <ref href="#d28e6086">113E</ref>, or by a notice under section <ref href="#d28e6117">113F</ref>, to provide their name may be satisfied by providing their title instead;</p></content></level><level class="para1" eId="d28e5956"><num>(b)</num><content><p>the title may be entered in the register of members instead of their forename and surname (and references in any enactment to the name of a person entered in a company’s register of members are to be construed accordingly).</p></content></level></subsection></section><section eId="d28e5965"><num>113B</num><heading>Required information about members: corporate members and firms</heading><intro><p>The required information about a member that is a body corporate, or a firm that is a legal person under the law by which it is governed, is—</p></intro><level class="para1"><num>(a)</num><content><p>corporate or firm name;</p></content></level><level class="para1"><num>(b)</num><content><p>a service address.</p></content></level></section><section><num>113C</num><heading>Power to amend the required information</heading><subsection eId="d28e5990"><num>(1)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1" eId="d28e5996"><num>(a)</num><content><p>make provision changing the required information about a member for the purposes of this Chapter;</p></content></level><level class="para1"><num>(b)</num><content><p>repeal section <ref href="#d28e5904">113A</ref><ref href="#d28e5935">(3)</ref>.</p></content></level></subsection><subsection><num>(2)</num><content><p>The provision that may be made in regulations under subsection <ref href="#d28e5996">(1)(a)</ref> includes provision amending this Chapter.</p></content></subsection><subsection><num>(3)</num><content><p>The consequential provision that may be made in regulations under subsection <ref href="#d28e5996">(1)(a)</ref> by virtue of section 1292(1) also includes provision amending section 50 of the Economic Crime and Corporate Transparency Act 2023.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations under subsection <ref href="#d28e5990">(1)</ref> are subject to affirmative resolution procedure.</p></content></subsection></section><section eId="d28e6043"><num>113D</num><heading>Duty on new members to notify required information</heading><subsection eId="d28e6047"><num>(1)</num><content><p>A person who becomes a member of a company must provide the company with the required information about the member (see sections <ref href="#d28e5904">113A</ref> and <ref href="#d28e5965">113B</ref>).</p></content></subsection><subsection><num>(2)</num><intro><p>Subsection (1) does not apply if or to the extent that—</p></intro><level class="para1"><num>(a)</num><content><p>the person has already provided the information to the company, or</p></content></level><level class="para1"><num>(b)</num><content><p>the person becomes a member of the company on its incorporation and the information is contained in the application for the registration of the company.</p></content></level></subsection><subsection><num>(3)</num><content><p>A person must comply with this section within the period of two months beginning with the date on which the person became a member.</p></content></subsection></section><section eId="d28e6086"><num>113E</num><heading>Duty on member to notify changes to required information</heading><subsection><num>(1)</num><content><p>A person who is a member of a company must give notice to the company of any change in the required information about the member (see sections <ref href="#d28e5904">113A</ref> and <ref href="#d28e5965">113B</ref>).</p></content></subsection><subsection><num>(2)</num><content><p>The notice must specify the date on which the change occurred.</p></content></subsection><subsection><num>(3)</num><content><p>A person must comply with this section within the period of two months beginning with the date on which the change occurred.</p></content></subsection></section><section eId="d28e6117"><num>113F</num><heading>Power for company to require information from members</heading><subsection><num>(1)</num><content><p>A company may, for the purposes of ensuring that its register of members includes the information that it is required to include, require a member or former member of the company to provide any of the required information about the member or former member (see sections <ref href="#d28e5904">113A</ref> and <ref href="#d28e5965">113B</ref>).</p></content></subsection><subsection><num>(2)</num><content><p>The notice must require the recipient to comply with it within the period of one month beginning with the date on which the notice is given.</p></content></subsection></section><section><num>113G</num><heading>Failure to comply with section <ref href="#d28e6043">113D</ref>, <ref href="#d28e6086">113E</ref> or <ref href="#d28e6117">113F</ref></heading><subsection eId="d28e6154"><num>(1)</num><content><p>A person who, without reasonable excuse, fails to comply with section <ref href="#d28e6043">113D</ref> or <ref href="#d28e6086">113E</ref> commits an offence.</p></content></subsection><subsection eId="d28e6166"><num>(2)</num><content><p>A person who, without reasonable excuse, fails to comply with a notice under section <ref href="#d28e6117">113F</ref> commits an offence.</p></content></subsection><subsection eId="d28e6175"><num>(3)</num><content><p>Where an offence under subsection <ref href="#d28e6154">(1)</ref> or <ref href="#d28e6166">(2)</ref> is committed by a firm, the offence is also committed by every officer of the firm who is in default.</p></content></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum;</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum.</p></content></level></level></subsection></section><section><num>113H</num><heading>Basic false statement offences in connection with sections <ref href="#d28e6043">113D</ref> to <ref href="#d28e6117">113F</ref></heading><subsection eId="d28e6235"><num>(1)</num><content><p>A person commits an offence if, in purported compliance with section <ref href="#d28e6043">113D</ref> or <ref href="#d28e6086">113E</ref> and without reasonable excuse, the person makes a statement that is misleading, false or deceptive in a material particular.</p></content></subsection><subsection eId="d28e6247"><num>(2)</num><content><p>A person commits an offence if, in purported compliance with a notice under section <ref href="#d28e6117">113F</ref> and without reasonable excuse, the person makes a statement that is misleading, false or deceptive in a material particular.</p></content></subsection><subsection eId="d28e6256"><num>(3)</num><content><p>Where an offence under subsection <ref href="#d28e6235">(1)</ref> or <ref href="#d28e6247">(2)</ref> is committed by a firm, the offence is also committed by every officer of the firm who is in default.</p></content></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</p></content></level></subsection></section><section><num>113I</num><heading>Aggravated false statement offences in connection with sections <ref href="#d28e6043">113D</ref> to <ref href="#d28e6117">113F</ref></heading><subsection eId="d28e6304"><num>(1)</num><content><p>A person commits an offence if, in purported compliance with section <ref href="#d28e6043">113D</ref> or <ref href="#d28e6086">113E</ref>, the person makes a statement that the person knows to be misleading, false or deceptive in a material particular.</p></content></subsection><subsection eId="d28e6316"><num>(2)</num><content><p>A person commits an offence if, in purported compliance with a notice under section <ref href="#d28e6117">113F</ref>, the person makes a statement that the person knows to be misleading, false or deceptive in a material particular.</p></content></subsection><subsection><num>(3)</num><content><p>Where an offence under subsection <ref href="#d28e6304">(1)</ref> or <ref href="#d28e6316">(2)</ref> is committed by a firm, the offence is also committed by every officer of the firm who is in default.</p></content></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum;</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum.</p></content></level></level></subsection></section><heading ukl:Context="Pblock">Duty to keep index of members</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-46-6"><num>(6)</num><intro><p>Section 115 (index of members)—</p></intro><level class="para1" eId="section-46-6-a"><num>(a)</num><content><p>is moved to after the italic heading “Duty to keep index of members” inserted by subsection <ref href="#section-46-5">(5)</ref> of this section, and</p></content></level><level class="para1" eId="section-46-6-b"><num>(b)</num><content><p>is renumbered section 113J.</p></content></level></subsection><subsection eId="section-46-7"><num>(7)</num><intro><p>In that section as renumbered—</p></intro><level class="para1" eId="section-46-7-a"><num>(a)</num><content><p><mod>in subsection (1), for “names of the members of the company” substitute <quotedText>“names or titles of the members of the company (to be known as “<term refersTo="#term-the-index-of-members-names" eId="term-the-index-of-members-names">the index of members’ names</term>”)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-46-7-b"><num>(b)</num><content><p><mod>for subsection (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><content><p>The index must include the same details of a person’s name or title as are entered in the register of members.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-46-8"><num>(8)</num><content><p><mod>Before section 114 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Inspection etc of register and index of members</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-46-9"><num>(9)</num><content><p><mod>Before section 121 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Removal of entries from register of members</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-46-10"><num>(10)</num><intro><p>In section 123 (single member companies)—</p></intro><level class="para1" eId="section-46-10-a"><num>(a)</num><content><p>in subsection (1), omit “, with the name and address of the sole member,”;</p></content></level><level class="para1" eId="section-46-10-b"><num>(b)</num><content><p>in subsection (2), omit “, with the name and address of the sole member”;</p></content></level><level class="para1" eId="section-46-10-c"><num>(c)</num><content><p>in subsection (3), omit “, with the name and address of the person who was formerly the sole member”.</p></content></level></subsection><subsection eId="section-46-11"><num>(11)</num><content><p><mod>In section 771 (procedure on transfer being lodged), after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><content><p>The company may not register the transfer under subsection (1)(a) unless satisfied that it has the information that it is required to enter in its register of members in relation to the transferee.</p></content></subsection></quotedStructure></mod></p></content></subsection></section><section eId="section-47"><num>47</num><heading>Additional ground for rectifying the register of members</heading><content><p><mod>In section 125 of the Companies Act 2006 (power of court to rectify the register), for subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>If a company’s register of members—</p></intro><level class="para1"><num>(a)</num><content><p>does not include information that it is required to include, or</p></content></level><level class="para1"><num>(b)</num><content><p>includes information that it is not required to include,</p></content></level><wrapUp><p>the person aggrieved, or any member of the company, or the company, may apply to the court for rectification of the register.</p></wrapUp></subsection></quotedStructure></mod></p></content></section><section eId="section-48"><num>48</num><heading>Register of members: protecting information</heading><subsection eId="section-48-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-48-2"><num>(2)</num><content><p><mod>In section 114 (register to be kept available for inspection), in subsection (1), after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><p>This is subject to any restriction imposed by regulations under section <ref href="#d28e6609">120A</ref> (protected material).</p></quotedStructure></mod></p></content></subsection><subsection eId="section-48-3"><num>(3)</num><content><p><mod>In section 115 (index of members), after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4A)</num><content><p>Subsection (4) is subject to any restriction imposed by regulations under section <ref href="#d28e6609">120A</ref> (protected material).</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-48-4"><num>(4)</num><content><p><mod>In section 116 (rights to inspect and require copies), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>Subsections (1) and (2) are subject to any restriction imposed by regulations under section <ref href="#d28e6609">120A</ref> (protected material).</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-48-5"><num>(5)</num><content><p><mod>In section 120 (information as to state of register and index), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>Subsections (1) and (2) do not apply to an alteration that relates to information that the company is required to refrain from disclosing by virtue of regulations under section <ref href="#d28e6609">120A</ref> (protected material).</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-48-6"><num>(6)</num><content><p><mod>After section 120 of the Companies Act 2006 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e6609"><num>120A</num><heading>Power to make regulations protecting material</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>require a company to refrain from using, or refrain from disclosing, individual membership information except in circumstances specified in the regulations;</p></content></level><level class="para1" eId="d28e6625"><num>(b)</num><content><p>confer power on the registrar, on application, to make an order requiring a company to refrain from using, or refrain from disclosing, individual membership information except in circumstances specified in the regulations.</p></content></level></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-individual-membership-information">Individual membership information</term>” means information that—</p></intro><level class="para1"><num>(a)</num><content><p>relates to an individual who is a member or former member of the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>is required to be entered in the company’s register of members or index of members’ names.</p></content></level></subsection><subsection eId="d28e6652"><num>(3)</num><intro><p>Regulations under subsection <ref href="#d28e6625">(1)(b)</ref> may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application;</p></content></level><level class="para1"><num>(b)</num><content><p>the grounds on which an application may be made;</p></content></level><level class="para1"><num>(c)</num><content><p>the information to be included in and documents to accompany an application;</p></content></level><level class="para1" eId="d28e6679"><num>(d)</num><content><p>how an application is to be determined;</p></content></level><level class="para1"><num>(e)</num><content><p>the notice to be given of an application and its outcome;</p></content></level><level class="para1" eId="d28e6691"><num>(f)</num><content><p>the duration of and procedures for revoking the restrictions on use and disclosure.</p></content></level></subsection><subsection><num>(4)</num><intro><p>Provision under subsection <ref href="#d28e6652">(3)</ref> may in particular—</p></intro><level class="para1"><num>(a)</num><content><p>confer a discretion on the registrar;</p></content></level><level class="para1"><num>(b)</num><content><p>provide for a question to be referred to a person other than the registrar for the purposes of determining the application or revoking the restrictions.</p></content></level></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(6)</num><content><p>Nothing in this section or in regulations made under it affects the use or disclosure of information about a person in any other capacity (for example, the use or disclosure of information about a person in that person’s capacity as an officer of the company).</p></content></subsection></section><section><num>120B</num><heading>Offence of failing to comply with regulations under section <ref href="#d28e6609">120A</ref></heading><subsection><num>(1)</num><intro><p>If a company contravenes a restriction on the use or disclosure of information imposed by virtue of regulations under section <ref href="#d28e6609">120A</ref>, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(2)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-48-7"><num>(7)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>any application or other document delivered to the registrar under regulations under section <ref href="#d28e6609">120A</ref> (protection of individual membership information);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-49"><num>49</num><heading>Register of members: removal of option to use central register</heading><subsection eId="section-49-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-49-2"><num>(2)</num><intro><p>Omit the following (which allow companies to keep information on the central register instead of entering it in their local register of members)—</p></intro><level class="para1" eId="section-49-2-a"><num>(a)</num><content><p>section 112A;</p></content></level><level class="para1" eId="section-49-2-b"><num>(b)</num><content><p>Chapter 2A of Part 8.</p></content></level></subsection><subsection eId="section-49-3"><num>(3)</num><content><p><mod>After section 128 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>128ZA</num><heading>Transitional provision where information kept on central register</heading><subsection><num>(1)</num><intro><p>Where an election is made under section 128B (option to keep information on central register) at any time before the repeal of that section by the Economic Crime and Corporate Transparency Act 2023—</p></intro><level class="para1" eId="d28e6849"><num>(a)</num><content><p>the company must enter in its register of members all of the information that it would have had to enter in that register if the election had never been made (but see subsection <ref href="#d28e6864">(2)</ref>), and</p></content></level><level class="para1" eId="d28e6858"><num>(b)</num><content><p>the duty imposed by paragraph (a) is to be treated as having been imposed by the provision which would have required the information to be entered on the register if the election had never been made.</p></content></level></subsection><subsection eId="d28e6864"><num>(2)</num><content><p>Where, by virtue of section 128E(3)(a), (b) or (c), information delivered to the registrar while the election was in force did not include a date that, but for the election, the company would have had to enter in its register of members (a “relevant date”), the relevant date is to be treated as being the date recorded by the registrar under section 1081(1A).</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-49-4"><num>(4)</num><content><p>Schedule 1 contains consequential amendments.</p></content></subsection></section><section eId="section-50"><num>50</num><heading>Membership information: one-off statement</heading><subsection eId="section-50-1"><num>(1)</num><content><p>This section applies in relation to a traded company, or a non-traded company, registered under the Companies Act 2006 before the appointed day.</p></content></subsection><subsection eId="section-50-2"><num>(2)</num><content><p>On the first occasion on which the company delivers a confirmation statement with a confirmation date that is after the appointed day it must, at the same time, deliver to the registrar the relevant membership information.</p></content></subsection><subsection eId="section-50-3"><num>(3)</num><intro><p>For this purpose “<term refersTo="#term-the-relevant-membership-information" eId="term-the-relevant-membership-information">the relevant membership information</term>” means—</p></intro><level class="para1" eId="section-50-3-a"><num>(a)</num><intro><p>in relation to a traded company—</p></intro><level class="para2" eId="section-50-3-a-i"><num>(i)</num><content><p>the name and address (as they appear in the company’s register of members) of each person who, at the end of the confirmation date, held at least 5% of the issued shares of any class of the company, and</p></content></level><level class="para2" eId="section-50-3-a-ii"><num>(ii)</num><content><p>the number of shares of each class held by each such person at that time;</p></content></level></level><level class="para1" eId="section-50-3-b"><num>(b)</num><intro><p>in relation to a non-traded company—</p></intro><level class="para2" eId="section-50-3-b-i"><num>(i)</num><content><p>the name (as it appears in the company’s register of members) of every person who was a member of the company at the end of the confirmation date, and</p></content></level><level class="para2" eId="section-50-3-b-ii"><num>(ii)</num><content><p>the number of shares of each class held at the end of the confirmation date by each person who was a member of the company at that time.</p></content></level></level></subsection><subsection eId="section-50-4"><num>(4)</num><content><p>Section 853A(1)(b)(ii) of the Companies Act 2006 (as substituted by section 59 of this Act) has effect as if it included a reference to the duty imposed by subsection <ref href="#section-50-2">(2)</ref> (and section 853L of that Act applies accordingly).</p></content></subsection><subsection eId="section-50-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-confirmation-statement" eId="term-confirmation-statement">confirmation statement</term>” has the meaning given by section 853A(1)(b) of the Companies Act 2006;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-non-traded-company" eId="term-non-traded-company">non-traded company</term>” has the meaning given by section 853F(2) of that Act;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-appointed-day" eId="term-the-appointed-day">the appointed day</term>” means such day as the Secretary of State may by regulations appoint for the purposes of this section;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-traded-company" eId="term-traded-company">traded company</term>” has the meaning given by section 853G(2) and (3) of that Act.</p></content></hcontainer></subsection><subsection eId="section-50-6"><num>(6)</num><content><p>Other expressions used in this section have the same meaning as in Part 24 of the Companies Act 2006.</p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-46"><num>46</num><heading>Register of members: information to be included and powers to obtain it</heading><subsection eId="section-46-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-46-2"><num>(2)</num><content><p><mod>In section 112 (the members of a company), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><content><p>Where an individual’s name is entered in a company’s register of members but is not in the form required by section <ref href="#d28e5904">113A</ref>, that does not affect the person becoming a member of the company by virtue of subsection (2).</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-46-3"><num>(3)</num><content><p><mod>For the italic heading “General” at the beginning of Chapter 2 of Part 8 substitute <quotedText>“Duty to keep register”</quotedText>.</mod></p></content></subsection><subsection eId="section-46-4"><num>(4)</num><intro><p>In section 113 (register of members)—</p></intro><level class="para1" eId="section-46-4-a"><num>(a)</num><content><p><mod>for subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><intro><p>There must be entered in the register, in respect of each person who is a member—</p></intro><level class="para1"><num>(a)</num><content><p>the required information (see sections <ref href="#d28e5904">113A</ref> and <ref href="#d28e5965">113B</ref>), and</p></content></level><level class="para1"><num>(b)</num><content><p>the date on which the person was registered as a member.</p></content></level></subsection><subsection><num>(2A)</num><content><p>Where a person ceases to be a member there must be entered in the register the date at which the person’s membership ceased.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-46-4-b"><num>(b)</num><content><p>in subsection (3), omit “, with the names and addresses of the members,”;</p></content></level><level class="para1" eId="section-46-4-c"><num>(c)</num><content><p><mod>in subsection (5), after “show a single” insert <quotedText>“service”</quotedText>;</mod></p></content></level><level class="para1" eId="section-46-4-d"><num>(d)</num><content><p>in subsection (6), omit “, with the names and addresses of the members,”;</p></content></level><level class="para1" eId="section-46-4-e"><num>(e)</num><content><p><mod>after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6A)</num><intro><p>Where any of the information required to be entered in a company’s register of members changes and, at the time of the change, it is a non-traded company—</p></intro><level class="para1"><num>(a)</num><content><p>the fact that the information has changed does not relieve the company from the obligation to include the old information in the register if it has not already done so,</p></content></level><level class="para1"><num>(b)</num><content><p>the old information must be retained in the register until its removal is authorised by section 121 or by court order under section 125, and</p></content></level><level class="para1"><num>(c)</num><content><p>a note must be included in the register recording the date on which the information changed and the date on which the change was entered in the register.</p></content></level></subsection><subsection eId="d28e5812"><num>(6B)</num><content><p>Where any of the information required to be entered in a company’s register of members changes and, at the time of the change, it is a traded company, the company is not required to include or retain the old information in the register.</p></content></subsection><subsection eId="d28e5818"><num>(6C)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>amend subsection (6A) so as to provide for it to apply in relation to traded companies, and</p></content></level><level class="para1"><num>(b)</num><content><p>repeal subsection <ref href="#d28e5812">(6B)</ref> in consequence.</p></content></level></subsection><subsection><num>(6D)</num><content><p>Regulations under subsection <ref href="#d28e5818">(6C)</ref> are subject to affirmative resolution procedure.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-46-4-f"><num>(f)</num><content><p><mod>in subsection (7), after “If” insert <quotedText>“, without reasonable excuse,”</quotedText>;</mod></p></content></level><level class="para1" eId="section-46-4-g"><num>(g)</num><content><p><mod>after subsection (8) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(9)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-non-traded-company">non-traded company</term>” means a company that is not a traded company;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-market">relevant market</term>” has the meaning given by section 853E(6);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-traded-company">traded company</term>” means a company any of whose shares are admitted to trading on a relevant market or on any other market which is outside the United Kingdom.</p></content></hcontainer></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-46-5"><num>(5)</num><content><p><mod>After section 113 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e5904"><num>113A</num><heading>Required information about members: individuals</heading><subsection><num>(1)</num><intro><p>The required information about a member who is an individual is—</p></intro><level class="para1"><num>(a)</num><content><p>name;</p></content></level><level class="para1"><num>(b)</num><content><p>a service address.</p></content></level></subsection><subsection eId="d28e5926"><num>(2)</num><content><p>In this section “<term refersTo="#term-name">name</term>” means forename and surname.</p></content></subsection><subsection eId="d28e5935"><num>(3)</num><intro><p>Where a member is a peer or an individual usually known by a title—</p></intro><level class="para1"><num>(a)</num><content><p>any requirement imposed by section <ref href="#d28e6043">113D</ref> or <ref href="#d28e6086">113E</ref>, or by a notice under section <ref href="#d28e6117">113F</ref>, to provide their name may be satisfied by providing their title instead;</p></content></level><level class="para1" eId="d28e5956"><num>(b)</num><content><p>the title may be entered in the register of members instead of their forename and surname (and references in any enactment to the name of a person entered in a company’s register of members are to be construed accordingly).</p></content></level></subsection></section><section eId="d28e5965"><num>113B</num><heading>Required information about members: corporate members and firms</heading><intro><p>The required information about a member that is a body corporate, or a firm that is a legal person under the law by which it is governed, is—</p></intro><level class="para1"><num>(a)</num><content><p>corporate or firm name;</p></content></level><level class="para1"><num>(b)</num><content><p>a service address.</p></content></level></section><section><num>113C</num><heading>Power to amend the required information</heading><subsection eId="d28e5990"><num>(1)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1" eId="d28e5996"><num>(a)</num><content><p>make provision changing the required information about a member for the purposes of this Chapter;</p></content></level><level class="para1"><num>(b)</num><content><p>repeal section <ref href="#d28e5904">113A</ref><ref href="#d28e5935">(3)</ref>.</p></content></level></subsection><subsection><num>(2)</num><content><p>The provision that may be made in regulations under subsection <ref href="#d28e5996">(1)(a)</ref> includes provision amending this Chapter.</p></content></subsection><subsection><num>(3)</num><content><p>The consequential provision that may be made in regulations under subsection <ref href="#d28e5996">(1)(a)</ref> by virtue of section 1292(1) also includes provision amending section 50 of the Economic Crime and Corporate Transparency Act 2023.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations under subsection <ref href="#d28e5990">(1)</ref> are subject to affirmative resolution procedure.</p></content></subsection></section><section eId="d28e6043"><num>113D</num><heading>Duty on new members to notify required information</heading><subsection eId="d28e6047"><num>(1)</num><content><p>A person who becomes a member of a company must provide the company with the required information about the member (see sections <ref href="#d28e5904">113A</ref> and <ref href="#d28e5965">113B</ref>).</p></content></subsection><subsection><num>(2)</num><intro><p>Subsection (1) does not apply if or to the extent that—</p></intro><level class="para1"><num>(a)</num><content><p>the person has already provided the information to the company, or</p></content></level><level class="para1"><num>(b)</num><content><p>the person becomes a member of the company on its incorporation and the information is contained in the application for the registration of the company.</p></content></level></subsection><subsection><num>(3)</num><content><p>A person must comply with this section within the period of two months beginning with the date on which the person became a member.</p></content></subsection></section><section eId="d28e6086"><num>113E</num><heading>Duty on member to notify changes to required information</heading><subsection><num>(1)</num><content><p>A person who is a member of a company must give notice to the company of any change in the required information about the member (see sections <ref href="#d28e5904">113A</ref> and <ref href="#d28e5965">113B</ref>).</p></content></subsection><subsection><num>(2)</num><content><p>The notice must specify the date on which the change occurred.</p></content></subsection><subsection><num>(3)</num><content><p>A person must comply with this section within the period of two months beginning with the date on which the change occurred.</p></content></subsection></section><section eId="d28e6117"><num>113F</num><heading>Power for company to require information from members</heading><subsection><num>(1)</num><content><p>A company may, for the purposes of ensuring that its register of members includes the information that it is required to include, require a member or former member of the company to provide any of the required information about the member or former member (see sections <ref href="#d28e5904">113A</ref> and <ref href="#d28e5965">113B</ref>).</p></content></subsection><subsection><num>(2)</num><content><p>The notice must require the recipient to comply with it within the period of one month beginning with the date on which the notice is given.</p></content></subsection></section><section><num>113G</num><heading>Failure to comply with section <ref href="#d28e6043">113D</ref>, <ref href="#d28e6086">113E</ref> or <ref href="#d28e6117">113F</ref></heading><subsection eId="d28e6154"><num>(1)</num><content><p>A person who, without reasonable excuse, fails to comply with section <ref href="#d28e6043">113D</ref> or <ref href="#d28e6086">113E</ref> commits an offence.</p></content></subsection><subsection eId="d28e6166"><num>(2)</num><content><p>A person who, without reasonable excuse, fails to comply with a notice under section <ref href="#d28e6117">113F</ref> commits an offence.</p></content></subsection><subsection eId="d28e6175"><num>(3)</num><content><p>Where an offence under subsection <ref href="#d28e6154">(1)</ref> or <ref href="#d28e6166">(2)</ref> is committed by a firm, the offence is also committed by every officer of the firm who is in default.</p></content></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum;</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum.</p></content></level></level></subsection></section><section><num>113H</num><heading>Basic false statement offences in connection with sections <ref href="#d28e6043">113D</ref> to <ref href="#d28e6117">113F</ref></heading><subsection eId="d28e6235"><num>(1)</num><content><p>A person commits an offence if, in purported compliance with section <ref href="#d28e6043">113D</ref> or <ref href="#d28e6086">113E</ref> and without reasonable excuse, the person makes a statement that is misleading, false or deceptive in a material particular.</p></content></subsection><subsection eId="d28e6247"><num>(2)</num><content><p>A person commits an offence if, in purported compliance with a notice under section <ref href="#d28e6117">113F</ref> and without reasonable excuse, the person makes a statement that is misleading, false or deceptive in a material particular.</p></content></subsection><subsection eId="d28e6256"><num>(3)</num><content><p>Where an offence under subsection <ref href="#d28e6235">(1)</ref> or <ref href="#d28e6247">(2)</ref> is committed by a firm, the offence is also committed by every officer of the firm who is in default.</p></content></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</p></content></level></subsection></section><section><num>113I</num><heading>Aggravated false statement offences in connection with sections <ref href="#d28e6043">113D</ref> to <ref href="#d28e6117">113F</ref></heading><subsection eId="d28e6304"><num>(1)</num><content><p>A person commits an offence if, in purported compliance with section <ref href="#d28e6043">113D</ref> or <ref href="#d28e6086">113E</ref>, the person makes a statement that the person knows to be misleading, false or deceptive in a material particular.</p></content></subsection><subsection eId="d28e6316"><num>(2)</num><content><p>A person commits an offence if, in purported compliance with a notice under section <ref href="#d28e6117">113F</ref>, the person makes a statement that the person knows to be misleading, false or deceptive in a material particular.</p></content></subsection><subsection><num>(3)</num><content><p>Where an offence under subsection <ref href="#d28e6304">(1)</ref> or <ref href="#d28e6316">(2)</ref> is committed by a firm, the offence is also committed by every officer of the firm who is in default.</p></content></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum;</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum.</p></content></level></level></subsection></section><heading ukl:Context="Pblock">Duty to keep index of members</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-46-6"><num>(6)</num><intro><p>Section 115 (index of members)—</p></intro><level class="para1" eId="section-46-6-a"><num>(a)</num><content><p>is moved to after the italic heading “Duty to keep index of members” inserted by subsection <ref href="#section-46-5">(5)</ref> of this section, and</p></content></level><level class="para1" eId="section-46-6-b"><num>(b)</num><content><p>is renumbered section 113J.</p></content></level></subsection><subsection eId="section-46-7"><num>(7)</num><intro><p>In that section as renumbered—</p></intro><level class="para1" eId="section-46-7-a"><num>(a)</num><content><p><mod>in subsection (1), for “names of the members of the company” substitute <quotedText>“names or titles of the members of the company (to be known as “<term refersTo="#term-the-index-of-members-names" eId="term-the-index-of-members-names">the index of members’ names</term>”)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-46-7-b"><num>(b)</num><content><p><mod>for subsection (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><content><p>The index must include the same details of a person’s name or title as are entered in the register of members.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-46-8"><num>(8)</num><content><p><mod>Before section 114 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Inspection etc of register and index of members</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-46-9"><num>(9)</num><content><p><mod>Before section 121 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Removal of entries from register of members</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-46-10"><num>(10)</num><intro><p>In section 123 (single member companies)—</p></intro><level class="para1" eId="section-46-10-a"><num>(a)</num><content><p>in subsection (1), omit “, with the name and address of the sole member,”;</p></content></level><level class="para1" eId="section-46-10-b"><num>(b)</num><content><p>in subsection (2), omit “, with the name and address of the sole member”;</p></content></level><level class="para1" eId="section-46-10-c"><num>(c)</num><content><p>in subsection (3), omit “, with the name and address of the person who was formerly the sole member”.</p></content></level></subsection><subsection eId="section-46-11"><num>(11)</num><content><p><mod>In section 771 (procedure on transfer being lodged), after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><content><p>The company may not register the transfer under subsection (1)(a) unless satisfied that it has the information that it is required to enter in its register of members in relation to the transferee.</p></content></subsection></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-46-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-46-2"><num>(2)</num><content><p><mod>In section 112 (the members of a company), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><content><p>Where an individual’s name is entered in a company’s register of members but is not in the form required by section <ref href="#d28e5904">113A</ref>, that does not affect the person becoming a member of the company by virtue of subsection (2).</p></content></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-46-3"><num>(3)</num><content><p><mod>For the italic heading “General” at the beginning of Chapter 2 of Part 8 substitute <quotedText>“Duty to keep register”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-46-4"><num>(4)</num><intro><p>In section 113 (register of members)—</p></intro><level class="para1" eId="section-46-4-a"><num>(a)</num><content><p><mod>for subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><intro><p>There must be entered in the register, in respect of each person who is a member—</p></intro><level class="para1"><num>(a)</num><content><p>the required information (see sections <ref href="#d28e5904">113A</ref> and <ref href="#d28e5965">113B</ref>), and</p></content></level><level class="para1"><num>(b)</num><content><p>the date on which the person was registered as a member.</p></content></level></subsection><subsection><num>(2A)</num><content><p>Where a person ceases to be a member there must be entered in the register the date at which the person’s membership ceased.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-46-4-b"><num>(b)</num><content><p>in subsection (3), omit “, with the names and addresses of the members,”;</p></content></level><level class="para1" eId="section-46-4-c"><num>(c)</num><content><p><mod>in subsection (5), after “show a single” insert <quotedText>“service”</quotedText>;</mod></p></content></level><level class="para1" eId="section-46-4-d"><num>(d)</num><content><p>in subsection (6), omit “, with the names and addresses of the members,”;</p></content></level><level class="para1" eId="section-46-4-e"><num>(e)</num><content><p><mod>after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6A)</num><intro><p>Where any of the information required to be entered in a company’s register of members changes and, at the time of the change, it is a non-traded company—</p></intro><level class="para1"><num>(a)</num><content><p>the fact that the information has changed does not relieve the company from the obligation to include the old information in the register if it has not already done so,</p></content></level><level class="para1"><num>(b)</num><content><p>the old information must be retained in the register until its removal is authorised by section 121 or by court order under section 125, and</p></content></level><level class="para1"><num>(c)</num><content><p>a note must be included in the register recording the date on which the information changed and the date on which the change was entered in the register.</p></content></level></subsection><subsection eId="d28e5812"><num>(6B)</num><content><p>Where any of the information required to be entered in a company’s register of members changes and, at the time of the change, it is a traded company, the company is not required to include or retain the old information in the register.</p></content></subsection><subsection eId="d28e5818"><num>(6C)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>amend subsection (6A) so as to provide for it to apply in relation to traded companies, and</p></content></level><level class="para1"><num>(b)</num><content><p>repeal subsection <ref href="#d28e5812">(6B)</ref> in consequence.</p></content></level></subsection><subsection><num>(6D)</num><content><p>Regulations under subsection <ref href="#d28e5818">(6C)</ref> are subject to affirmative resolution procedure.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-46-4-f"><num>(f)</num><content><p><mod>in subsection (7), after “If” insert <quotedText>“, without reasonable excuse,”</quotedText>;</mod></p></content></level><level class="para1" eId="section-46-4-g"><num>(g)</num><content><p><mod>after subsection (8) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(9)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-non-traded-company">non-traded company</term>” means a company that is not a traded company;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-market">relevant market</term>” has the meaning given by section 853E(6);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-traded-company">traded company</term>” means a company any of whose shares are admitted to trading on a relevant market or on any other market which is outside the United Kingdom.</p></content></hcontainer></subsection></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-46-4-a"><num>(a)</num><content><p><mod>for subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><intro><p>There must be entered in the register, in respect of each person who is a member—</p></intro><level class="para1"><num>(a)</num><content><p>the required information (see sections <ref href="#d28e5904">113A</ref> and <ref href="#d28e5965">113B</ref>), and</p></content></level><level class="para1"><num>(b)</num><content><p>the date on which the person was registered as a member.</p></content></level></subsection><subsection><num>(2A)</num><content><p>Where a person ceases to be a member there must be entered in the register the date at which the person’s membership ceased.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-46-4-b"><num>(b)</num><content><p>in subsection (3), omit “, with the names and addresses of the members,”;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-46-4-c"><num>(c)</num><content><p><mod>in subsection (5), after “show a single” insert <quotedText>“service”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-46-4-d"><num>(d)</num><content><p>in subsection (6), omit “, with the names and addresses of the members,”;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-46-4-e"><num>(e)</num><content><p><mod>after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6A)</num><intro><p>Where any of the information required to be entered in a company’s register of members changes and, at the time of the change, it is a non-traded company—</p></intro><level class="para1"><num>(a)</num><content><p>the fact that the information has changed does not relieve the company from the obligation to include the old information in the register if it has not already done so,</p></content></level><level class="para1"><num>(b)</num><content><p>the old information must be retained in the register until its removal is authorised by section 121 or by court order under section 125, and</p></content></level><level class="para1"><num>(c)</num><content><p>a note must be included in the register recording the date on which the information changed and the date on which the change was entered in the register.</p></content></level></subsection><subsection eId="d28e5812"><num>(6B)</num><content><p>Where any of the information required to be entered in a company’s register of members changes and, at the time of the change, it is a traded company, the company is not required to include or retain the old information in the register.</p></content></subsection><subsection eId="d28e5818"><num>(6C)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>amend subsection (6A) so as to provide for it to apply in relation to traded companies, and</p></content></level><level class="para1"><num>(b)</num><content><p>repeal subsection <ref href="#d28e5812">(6B)</ref> in consequence.</p></content></level></subsection><subsection><num>(6D)</num><content><p>Regulations under subsection <ref href="#d28e5818">(6C)</ref> are subject to affirmative resolution procedure.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-46-4-f"><num>(f)</num><content><p><mod>in subsection (7), after “If” insert <quotedText>“, without reasonable excuse,”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-46-4-g"><num>(g)</num><content><p><mod>after subsection (8) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(9)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-non-traded-company">non-traded company</term>” means a company that is not a traded company;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-market">relevant market</term>” has the meaning given by section 853E(6);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-traded-company">traded company</term>” means a company any of whose shares are admitted to trading on a relevant market or on any other market which is outside the United Kingdom.</p></content></hcontainer></subsection></quotedStructure></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-46-5"><num>(5)</num><content><p><mod>After section 113 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e5904"><num>113A</num><heading>Required information about members: individuals</heading><subsection><num>(1)</num><intro><p>The required information about a member who is an individual is—</p></intro><level class="para1"><num>(a)</num><content><p>name;</p></content></level><level class="para1"><num>(b)</num><content><p>a service address.</p></content></level></subsection><subsection eId="d28e5926"><num>(2)</num><content><p>In this section “<term refersTo="#term-name">name</term>” means forename and surname.</p></content></subsection><subsection eId="d28e5935"><num>(3)</num><intro><p>Where a member is a peer or an individual usually known by a title—</p></intro><level class="para1"><num>(a)</num><content><p>any requirement imposed by section <ref href="#d28e6043">113D</ref> or <ref href="#d28e6086">113E</ref>, or by a notice under section <ref href="#d28e6117">113F</ref>, to provide their name may be satisfied by providing their title instead;</p></content></level><level class="para1" eId="d28e5956"><num>(b)</num><content><p>the title may be entered in the register of members instead of their forename and surname (and references in any enactment to the name of a person entered in a company’s register of members are to be construed accordingly).</p></content></level></subsection></section><section eId="d28e5965"><num>113B</num><heading>Required information about members: corporate members and firms</heading><intro><p>The required information about a member that is a body corporate, or a firm that is a legal person under the law by which it is governed, is—</p></intro><level class="para1"><num>(a)</num><content><p>corporate or firm name;</p></content></level><level class="para1"><num>(b)</num><content><p>a service address.</p></content></level></section><section><num>113C</num><heading>Power to amend the required information</heading><subsection eId="d28e5990"><num>(1)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1" eId="d28e5996"><num>(a)</num><content><p>make provision changing the required information about a member for the purposes of this Chapter;</p></content></level><level class="para1"><num>(b)</num><content><p>repeal section <ref href="#d28e5904">113A</ref><ref href="#d28e5935">(3)</ref>.</p></content></level></subsection><subsection><num>(2)</num><content><p>The provision that may be made in regulations under subsection <ref href="#d28e5996">(1)(a)</ref> includes provision amending this Chapter.</p></content></subsection><subsection><num>(3)</num><content><p>The consequential provision that may be made in regulations under subsection <ref href="#d28e5996">(1)(a)</ref> by virtue of section 1292(1) also includes provision amending section 50 of the Economic Crime and Corporate Transparency Act 2023.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations under subsection <ref href="#d28e5990">(1)</ref> are subject to affirmative resolution procedure.</p></content></subsection></section><section eId="d28e6043"><num>113D</num><heading>Duty on new members to notify required information</heading><subsection eId="d28e6047"><num>(1)</num><content><p>A person who becomes a member of a company must provide the company with the required information about the member (see sections <ref href="#d28e5904">113A</ref> and <ref href="#d28e5965">113B</ref>).</p></content></subsection><subsection><num>(2)</num><intro><p>Subsection (1) does not apply if or to the extent that—</p></intro><level class="para1"><num>(a)</num><content><p>the person has already provided the information to the company, or</p></content></level><level class="para1"><num>(b)</num><content><p>the person becomes a member of the company on its incorporation and the information is contained in the application for the registration of the company.</p></content></level></subsection><subsection><num>(3)</num><content><p>A person must comply with this section within the period of two months beginning with the date on which the person became a member.</p></content></subsection></section><section eId="d28e6086"><num>113E</num><heading>Duty on member to notify changes to required information</heading><subsection><num>(1)</num><content><p>A person who is a member of a company must give notice to the company of any change in the required information about the member (see sections <ref href="#d28e5904">113A</ref> and <ref href="#d28e5965">113B</ref>).</p></content></subsection><subsection><num>(2)</num><content><p>The notice must specify the date on which the change occurred.</p></content></subsection><subsection><num>(3)</num><content><p>A person must comply with this section within the period of two months beginning with the date on which the change occurred.</p></content></subsection></section><section eId="d28e6117"><num>113F</num><heading>Power for company to require information from members</heading><subsection><num>(1)</num><content><p>A company may, for the purposes of ensuring that its register of members includes the information that it is required to include, require a member or former member of the company to provide any of the required information about the member or former member (see sections <ref href="#d28e5904">113A</ref> and <ref href="#d28e5965">113B</ref>).</p></content></subsection><subsection><num>(2)</num><content><p>The notice must require the recipient to comply with it within the period of one month beginning with the date on which the notice is given.</p></content></subsection></section><section><num>113G</num><heading>Failure to comply with section <ref href="#d28e6043">113D</ref>, <ref href="#d28e6086">113E</ref> or <ref href="#d28e6117">113F</ref></heading><subsection eId="d28e6154"><num>(1)</num><content><p>A person who, without reasonable excuse, fails to comply with section <ref href="#d28e6043">113D</ref> or <ref href="#d28e6086">113E</ref> commits an offence.</p></content></subsection><subsection eId="d28e6166"><num>(2)</num><content><p>A person who, without reasonable excuse, fails to comply with a notice under section <ref href="#d28e6117">113F</ref> commits an offence.</p></content></subsection><subsection eId="d28e6175"><num>(3)</num><content><p>Where an offence under subsection <ref href="#d28e6154">(1)</ref> or <ref href="#d28e6166">(2)</ref> is committed by a firm, the offence is also committed by every officer of the firm who is in default.</p></content></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum;</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum.</p></content></level></level></subsection></section><section><num>113H</num><heading>Basic false statement offences in connection with sections <ref href="#d28e6043">113D</ref> to <ref href="#d28e6117">113F</ref></heading><subsection eId="d28e6235"><num>(1)</num><content><p>A person commits an offence if, in purported compliance with section <ref href="#d28e6043">113D</ref> or <ref href="#d28e6086">113E</ref> and without reasonable excuse, the person makes a statement that is misleading, false or deceptive in a material particular.</p></content></subsection><subsection eId="d28e6247"><num>(2)</num><content><p>A person commits an offence if, in purported compliance with a notice under section <ref href="#d28e6117">113F</ref> and without reasonable excuse, the person makes a statement that is misleading, false or deceptive in a material particular.</p></content></subsection><subsection eId="d28e6256"><num>(3)</num><content><p>Where an offence under subsection <ref href="#d28e6235">(1)</ref> or <ref href="#d28e6247">(2)</ref> is committed by a firm, the offence is also committed by every officer of the firm who is in default.</p></content></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</p></content></level></subsection></section><section><num>113I</num><heading>Aggravated false statement offences in connection with sections <ref href="#d28e6043">113D</ref> to <ref href="#d28e6117">113F</ref></heading><subsection eId="d28e6304"><num>(1)</num><content><p>A person commits an offence if, in purported compliance with section <ref href="#d28e6043">113D</ref> or <ref href="#d28e6086">113E</ref>, the person makes a statement that the person knows to be misleading, false or deceptive in a material particular.</p></content></subsection><subsection eId="d28e6316"><num>(2)</num><content><p>A person commits an offence if, in purported compliance with a notice under section <ref href="#d28e6117">113F</ref>, the person makes a statement that the person knows to be misleading, false or deceptive in a material particular.</p></content></subsection><subsection><num>(3)</num><content><p>Where an offence under subsection <ref href="#d28e6304">(1)</ref> or <ref href="#d28e6316">(2)</ref> is committed by a firm, the offence is also committed by every officer of the firm who is in default.</p></content></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum;</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum.</p></content></level></level></subsection></section><heading ukl:Context="Pblock">Duty to keep index of members</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-46-6"><num>(6)</num><intro><p>Section 115 (index of members)—</p></intro><level class="para1" eId="section-46-6-a"><num>(a)</num><content><p>is moved to after the italic heading “Duty to keep index of members” inserted by subsection <ref href="#section-46-5">(5)</ref> of this section, and</p></content></level><level class="para1" eId="section-46-6-b"><num>(b)</num><content><p>is renumbered section 113J.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-46-6-a"><num>(a)</num><content><p>is moved to after the italic heading “Duty to keep index of members” inserted by subsection <ref href="#section-46-5">(5)</ref> of this section, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-46-6-b"><num>(b)</num><content><p>is renumbered section 113J.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-46-7"><num>(7)</num><intro><p>In that section as renumbered—</p></intro><level class="para1" eId="section-46-7-a"><num>(a)</num><content><p><mod>in subsection (1), for “names of the members of the company” substitute <quotedText>“names or titles of the members of the company (to be known as “<term refersTo="#term-the-index-of-members-names" eId="term-the-index-of-members-names">the index of members’ names</term>”)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-46-7-b"><num>(b)</num><content><p><mod>for subsection (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><content><p>The index must include the same details of a person’s name or title as are entered in the register of members.</p></content></subsection></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-46-7-a"><num>(a)</num><content><p><mod>in subsection (1), for “names of the members of the company” substitute <quotedText>“names or titles of the members of the company (to be known as “<term refersTo="#term-the-index-of-members-names" eId="term-the-index-of-members-names">the index of members’ names</term>”)”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-46-7-b"><num>(b)</num><content><p><mod>for subsection (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><content><p>The index must include the same details of a person’s name or title as are entered in the register of members.</p></content></subsection></quotedStructure></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-46-8"><num>(8)</num><content><p><mod>Before section 114 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Inspection etc of register and index of members</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-46-9"><num>(9)</num><content><p><mod>Before section 121 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Removal of entries from register of members</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-46-10"><num>(10)</num><intro><p>In section 123 (single member companies)—</p></intro><level class="para1" eId="section-46-10-a"><num>(a)</num><content><p>in subsection (1), omit “, with the name and address of the sole member,”;</p></content></level><level class="para1" eId="section-46-10-b"><num>(b)</num><content><p>in subsection (2), omit “, with the name and address of the sole member”;</p></content></level><level class="para1" eId="section-46-10-c"><num>(c)</num><content><p>in subsection (3), omit “, with the name and address of the person who was formerly the sole member”.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-46-10-a"><num>(a)</num><content><p>in subsection (1), omit “, with the name and address of the sole member,”;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-46-10-b"><num>(b)</num><content><p>in subsection (2), omit “, with the name and address of the sole member”;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-46-10-c"><num>(c)</num><content><p>in subsection (3), omit “, with the name and address of the person who was formerly the sole member”.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-46-11"><num>(11)</num><content><p><mod>In section 771 (procedure on transfer being lodged), after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><content><p>The company may not register the transfer under subsection (1)(a) unless satisfied that it has the information that it is required to enter in its register of members in relation to the transferee.</p></content></subsection></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-47"><num>47</num><heading>Additional ground for rectifying the register of members</heading><content><p><mod>In section 125 of the Companies Act 2006 (power of court to rectify the register), for subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>If a company’s register of members—</p></intro><level class="para1"><num>(a)</num><content><p>does not include information that it is required to include, or</p></content></level><level class="para1"><num>(b)</num><content><p>includes information that it is not required to include,</p></content></level><wrapUp><p>the person aggrieved, or any member of the company, or the company, may apply to the court for rectification of the register.</p></wrapUp></subsection></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-48"><num>48</num><heading>Register of members: protecting information</heading><subsection eId="section-48-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-48-2"><num>(2)</num><content><p><mod>In section 114 (register to be kept available for inspection), in subsection (1), after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><p>This is subject to any restriction imposed by regulations under section <ref href="#d28e6609">120A</ref> (protected material).</p></quotedStructure></mod></p></content></subsection><subsection eId="section-48-3"><num>(3)</num><content><p><mod>In section 115 (index of members), after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4A)</num><content><p>Subsection (4) is subject to any restriction imposed by regulations under section <ref href="#d28e6609">120A</ref> (protected material).</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-48-4"><num>(4)</num><content><p><mod>In section 116 (rights to inspect and require copies), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>Subsections (1) and (2) are subject to any restriction imposed by regulations under section <ref href="#d28e6609">120A</ref> (protected material).</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-48-5"><num>(5)</num><content><p><mod>In section 120 (information as to state of register and index), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>Subsections (1) and (2) do not apply to an alteration that relates to information that the company is required to refrain from disclosing by virtue of regulations under section <ref href="#d28e6609">120A</ref> (protected material).</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-48-6"><num>(6)</num><content><p><mod>After section 120 of the Companies Act 2006 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e6609"><num>120A</num><heading>Power to make regulations protecting material</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>require a company to refrain from using, or refrain from disclosing, individual membership information except in circumstances specified in the regulations;</p></content></level><level class="para1" eId="d28e6625"><num>(b)</num><content><p>confer power on the registrar, on application, to make an order requiring a company to refrain from using, or refrain from disclosing, individual membership information except in circumstances specified in the regulations.</p></content></level></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-individual-membership-information">Individual membership information</term>” means information that—</p></intro><level class="para1"><num>(a)</num><content><p>relates to an individual who is a member or former member of the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>is required to be entered in the company’s register of members or index of members’ names.</p></content></level></subsection><subsection eId="d28e6652"><num>(3)</num><intro><p>Regulations under subsection <ref href="#d28e6625">(1)(b)</ref> may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application;</p></content></level><level class="para1"><num>(b)</num><content><p>the grounds on which an application may be made;</p></content></level><level class="para1"><num>(c)</num><content><p>the information to be included in and documents to accompany an application;</p></content></level><level class="para1" eId="d28e6679"><num>(d)</num><content><p>how an application is to be determined;</p></content></level><level class="para1"><num>(e)</num><content><p>the notice to be given of an application and its outcome;</p></content></level><level class="para1" eId="d28e6691"><num>(f)</num><content><p>the duration of and procedures for revoking the restrictions on use and disclosure.</p></content></level></subsection><subsection><num>(4)</num><intro><p>Provision under subsection <ref href="#d28e6652">(3)</ref> may in particular—</p></intro><level class="para1"><num>(a)</num><content><p>confer a discretion on the registrar;</p></content></level><level class="para1"><num>(b)</num><content><p>provide for a question to be referred to a person other than the registrar for the purposes of determining the application or revoking the restrictions.</p></content></level></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(6)</num><content><p>Nothing in this section or in regulations made under it affects the use or disclosure of information about a person in any other capacity (for example, the use or disclosure of information about a person in that person’s capacity as an officer of the company).</p></content></subsection></section><section><num>120B</num><heading>Offence of failing to comply with regulations under section <ref href="#d28e6609">120A</ref></heading><subsection><num>(1)</num><intro><p>If a company contravenes a restriction on the use or disclosure of information imposed by virtue of regulations under section <ref href="#d28e6609">120A</ref>, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(2)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-48-7"><num>(7)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>any application or other document delivered to the registrar under regulations under section <ref href="#d28e6609">120A</ref> (protection of individual membership information);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-48-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-48-2"><num>(2)</num><content><p><mod>In section 114 (register to be kept available for inspection), in subsection (1), after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><p>This is subject to any restriction imposed by regulations under section <ref href="#d28e6609">120A</ref> (protected material).</p></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-48-3"><num>(3)</num><content><p><mod>In section 115 (index of members), after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4A)</num><content><p>Subsection (4) is subject to any restriction imposed by regulations under section <ref href="#d28e6609">120A</ref> (protected material).</p></content></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-48-4"><num>(4)</num><content><p><mod>In section 116 (rights to inspect and require copies), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>Subsections (1) and (2) are subject to any restriction imposed by regulations under section <ref href="#d28e6609">120A</ref> (protected material).</p></content></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-48-5"><num>(5)</num><content><p><mod>In section 120 (information as to state of register and index), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>Subsections (1) and (2) do not apply to an alteration that relates to information that the company is required to refrain from disclosing by virtue of regulations under section <ref href="#d28e6609">120A</ref> (protected material).</p></content></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-48-6"><num>(6)</num><content><p><mod>After section 120 of the Companies Act 2006 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e6609"><num>120A</num><heading>Power to make regulations protecting material</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>require a company to refrain from using, or refrain from disclosing, individual membership information except in circumstances specified in the regulations;</p></content></level><level class="para1" eId="d28e6625"><num>(b)</num><content><p>confer power on the registrar, on application, to make an order requiring a company to refrain from using, or refrain from disclosing, individual membership information except in circumstances specified in the regulations.</p></content></level></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-individual-membership-information">Individual membership information</term>” means information that—</p></intro><level class="para1"><num>(a)</num><content><p>relates to an individual who is a member or former member of the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>is required to be entered in the company’s register of members or index of members’ names.</p></content></level></subsection><subsection eId="d28e6652"><num>(3)</num><intro><p>Regulations under subsection <ref href="#d28e6625">(1)(b)</ref> may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application;</p></content></level><level class="para1"><num>(b)</num><content><p>the grounds on which an application may be made;</p></content></level><level class="para1"><num>(c)</num><content><p>the information to be included in and documents to accompany an application;</p></content></level><level class="para1" eId="d28e6679"><num>(d)</num><content><p>how an application is to be determined;</p></content></level><level class="para1"><num>(e)</num><content><p>the notice to be given of an application and its outcome;</p></content></level><level class="para1" eId="d28e6691"><num>(f)</num><content><p>the duration of and procedures for revoking the restrictions on use and disclosure.</p></content></level></subsection><subsection><num>(4)</num><intro><p>Provision under subsection <ref href="#d28e6652">(3)</ref> may in particular—</p></intro><level class="para1"><num>(a)</num><content><p>confer a discretion on the registrar;</p></content></level><level class="para1"><num>(b)</num><content><p>provide for a question to be referred to a person other than the registrar for the purposes of determining the application or revoking the restrictions.</p></content></level></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(6)</num><content><p>Nothing in this section or in regulations made under it affects the use or disclosure of information about a person in any other capacity (for example, the use or disclosure of information about a person in that person’s capacity as an officer of the company).</p></content></subsection></section><section><num>120B</num><heading>Offence of failing to comply with regulations under section <ref href="#d28e6609">120A</ref></heading><subsection><num>(1)</num><intro><p>If a company contravenes a restriction on the use or disclosure of information imposed by virtue of regulations under section <ref href="#d28e6609">120A</ref>, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(2)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-48-7"><num>(7)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>any application or other document delivered to the registrar under regulations under section <ref href="#d28e6609">120A</ref> (protection of individual membership information);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-49"><num>49</num><heading>Register of members: removal of option to use central register</heading><subsection eId="section-49-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-49-2"><num>(2)</num><intro><p>Omit the following (which allow companies to keep information on the central register instead of entering it in their local register of members)—</p></intro><level class="para1" eId="section-49-2-a"><num>(a)</num><content><p>section 112A;</p></content></level><level class="para1" eId="section-49-2-b"><num>(b)</num><content><p>Chapter 2A of Part 8.</p></content></level></subsection><subsection eId="section-49-3"><num>(3)</num><content><p><mod>After section 128 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>128ZA</num><heading>Transitional provision where information kept on central register</heading><subsection><num>(1)</num><intro><p>Where an election is made under section 128B (option to keep information on central register) at any time before the repeal of that section by the Economic Crime and Corporate Transparency Act 2023—</p></intro><level class="para1" eId="d28e6849"><num>(a)</num><content><p>the company must enter in its register of members all of the information that it would have had to enter in that register if the election had never been made (but see subsection <ref href="#d28e6864">(2)</ref>), and</p></content></level><level class="para1" eId="d28e6858"><num>(b)</num><content><p>the duty imposed by paragraph (a) is to be treated as having been imposed by the provision which would have required the information to be entered on the register if the election had never been made.</p></content></level></subsection><subsection eId="d28e6864"><num>(2)</num><content><p>Where, by virtue of section 128E(3)(a), (b) or (c), information delivered to the registrar while the election was in force did not include a date that, but for the election, the company would have had to enter in its register of members (a “relevant date”), the relevant date is to be treated as being the date recorded by the registrar under section 1081(1A).</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-49-4"><num>(4)</num><content><p>Schedule 1 contains consequential amendments.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-49-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-49-2"><num>(2)</num><intro><p>Omit the following (which allow companies to keep information on the central register instead of entering it in their local register of members)—</p></intro><level class="para1" eId="section-49-2-a"><num>(a)</num><content><p>section 112A;</p></content></level><level class="para1" eId="section-49-2-b"><num>(b)</num><content><p>Chapter 2A of Part 8.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-49-2-a"><num>(a)</num><content><p>section 112A;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-49-2-b"><num>(b)</num><content><p>Chapter 2A of Part 8.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-49-3"><num>(3)</num><content><p><mod>After section 128 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>128ZA</num><heading>Transitional provision where information kept on central register</heading><subsection><num>(1)</num><intro><p>Where an election is made under section 128B (option to keep information on central register) at any time before the repeal of that section by the Economic Crime and Corporate Transparency Act 2023—</p></intro><level class="para1" eId="d28e6849"><num>(a)</num><content><p>the company must enter in its register of members all of the information that it would have had to enter in that register if the election had never been made (but see subsection <ref href="#d28e6864">(2)</ref>), and</p></content></level><level class="para1" eId="d28e6858"><num>(b)</num><content><p>the duty imposed by paragraph (a) is to be treated as having been imposed by the provision which would have required the information to be entered on the register if the election had never been made.</p></content></level></subsection><subsection eId="d28e6864"><num>(2)</num><content><p>Where, by virtue of section 128E(3)(a), (b) or (c), information delivered to the registrar while the election was in force did not include a date that, but for the election, the company would have had to enter in its register of members (a “relevant date”), the relevant date is to be treated as being the date recorded by the registrar under section 1081(1A).</p></content></subsection></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-49-4"><num>(4)</num><content><p>Schedule 1 contains consequential amendments.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-50"><num>50</num><heading>Membership information: one-off statement</heading><subsection eId="section-50-1"><num>(1)</num><content><p>This section applies in relation to a traded company, or a non-traded company, registered under the Companies Act 2006 before the appointed day.</p></content></subsection><subsection eId="section-50-2"><num>(2)</num><content><p>On the first occasion on which the company delivers a confirmation statement with a confirmation date that is after the appointed day it must, at the same time, deliver to the registrar the relevant membership information.</p></content></subsection><subsection eId="section-50-3"><num>(3)</num><intro><p>For this purpose “<term refersTo="#term-the-relevant-membership-information" eId="term-the-relevant-membership-information">the relevant membership information</term>” means—</p></intro><level class="para1" eId="section-50-3-a"><num>(a)</num><intro><p>in relation to a traded company—</p></intro><level class="para2" eId="section-50-3-a-i"><num>(i)</num><content><p>the name and address (as they appear in the company’s register of members) of each person who, at the end of the confirmation date, held at least 5% of the issued shares of any class of the company, and</p></content></level><level class="para2" eId="section-50-3-a-ii"><num>(ii)</num><content><p>the number of shares of each class held by each such person at that time;</p></content></level></level><level class="para1" eId="section-50-3-b"><num>(b)</num><intro><p>in relation to a non-traded company—</p></intro><level class="para2" eId="section-50-3-b-i"><num>(i)</num><content><p>the name (as it appears in the company’s register of members) of every person who was a member of the company at the end of the confirmation date, and</p></content></level><level class="para2" eId="section-50-3-b-ii"><num>(ii)</num><content><p>the number of shares of each class held at the end of the confirmation date by each person who was a member of the company at that time.</p></content></level></level></subsection><subsection eId="section-50-4"><num>(4)</num><content><p>Section 853A(1)(b)(ii) of the Companies Act 2006 (as substituted by section 59 of this Act) has effect as if it included a reference to the duty imposed by subsection <ref href="#section-50-2">(2)</ref> (and section 853L of that Act applies accordingly).</p></content></subsection><subsection eId="section-50-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-confirmation-statement" eId="term-confirmation-statement">confirmation statement</term>” has the meaning given by section 853A(1)(b) of the Companies Act 2006;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-non-traded-company" eId="term-non-traded-company">non-traded company</term>” has the meaning given by section 853F(2) of that Act;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-appointed-day" eId="term-the-appointed-day">the appointed day</term>” means such day as the Secretary of State may by regulations appoint for the purposes of this section;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-traded-company" eId="term-traded-company">traded company</term>” has the meaning given by section 853G(2) and (3) of that Act.</p></content></hcontainer></subsection><subsection eId="section-50-6"><num>(6)</num><content><p>Other expressions used in this section have the same meaning as in Part 24 of the Companies Act 2006.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-50-1"><num>(1)</num><content><p>This section applies in relation to a traded company, or a non-traded company, registered under the Companies Act 2006 before the appointed day.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-50-2"><num>(2)</num><content><p>On the first occasion on which the company delivers a confirmation statement with a confirmation date that is after the appointed day it must, at the same time, deliver to the registrar the relevant membership information.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-50-3"><num>(3)</num><intro><p>For this purpose “<term refersTo="#term-the-relevant-membership-information" eId="term-the-relevant-membership-information">the relevant membership information</term>” means—</p></intro><level class="para1" eId="section-50-3-a"><num>(a)</num><intro><p>in relation to a traded company—</p></intro><level class="para2" eId="section-50-3-a-i"><num>(i)</num><content><p>the name and address (as they appear in the company’s register of members) of each person who, at the end of the confirmation date, held at least 5% of the issued shares of any class of the company, and</p></content></level><level class="para2" eId="section-50-3-a-ii"><num>(ii)</num><content><p>the number of shares of each class held by each such person at that time;</p></content></level></level><level class="para1" eId="section-50-3-b"><num>(b)</num><intro><p>in relation to a non-traded company—</p></intro><level class="para2" eId="section-50-3-b-i"><num>(i)</num><content><p>the name (as it appears in the company’s register of members) of every person who was a member of the company at the end of the confirmation date, and</p></content></level><level class="para2" eId="section-50-3-b-ii"><num>(ii)</num><content><p>the number of shares of each class held at the end of the confirmation date by each person who was a member of the company at that time.</p></content></level></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-50-3-a"><num>(a)</num><intro><p>in relation to a traded company—</p></intro><level class="para2" eId="section-50-3-a-i"><num>(i)</num><content><p>the name and address (as they appear in the company’s register of members) of each person who, at the end of the confirmation date, held at least 5% of the issued shares of any class of the company, and</p></content></level><level class="para2" eId="section-50-3-a-ii"><num>(ii)</num><content><p>the number of shares of each class held by each such person at that time;</p></content></level></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-50-3-a-i"><num>(i)</num><content><p>the name and address (as they appear in the company’s register of members) of each person who, at the end of the confirmation date, held at least 5% of the issued shares of any class of the company, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-50-3-a-ii"><num>(ii)</num><content><p>the number of shares of each class held by each such person at that time;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-50-3-b"><num>(b)</num><intro><p>in relation to a non-traded company—</p></intro><level class="para2" eId="section-50-3-b-i"><num>(i)</num><content><p>the name (as it appears in the company’s register of members) of every person who was a member of the company at the end of the confirmation date, and</p></content></level><level class="para2" eId="section-50-3-b-ii"><num>(ii)</num><content><p>the number of shares of each class held at the end of the confirmation date by each person who was a member of the company at that time.</p></content></level></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-50-3-b-i"><num>(i)</num><content><p>the name (as it appears in the company’s register of members) of every person who was a member of the company at the end of the confirmation date, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-50-3-b-ii"><num>(ii)</num><content><p>the number of shares of each class held at the end of the confirmation date by each person who was a member of the company at that time.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-50-4"><num>(4)</num><content><p>Section 853A(1)(b)(ii) of the Companies Act 2006 (as substituted by section 59 of this Act) has effect as if it included a reference to the duty imposed by subsection <ref href="#section-50-2">(2)</ref> (and section 853L of that Act applies accordingly).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-50-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-confirmation-statement" eId="term-confirmation-statement">confirmation statement</term>” has the meaning given by section 853A(1)(b) of the Companies Act 2006;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-non-traded-company" eId="term-non-traded-company">non-traded company</term>” has the meaning given by section 853F(2) of that Act;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-appointed-day" eId="term-the-appointed-day">the appointed day</term>” means such day as the Secretary of State may by regulations appoint for the purposes of this section;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-traded-company" eId="term-traded-company">traded company</term>” has the meaning given by section 853G(2) and (3) of that Act.</p></content></hcontainer></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content><p>“<term refersTo="#term-balance-sheet-total" eId="term-balance-sheet-total">balance sheet total</term>” (in relation to a relevant body and a financial year) has the same meaning as in section 201;</p></content></hcontainer>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(a)</num><content><p>is constituted under the law of Scotland, and</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-50-6"><num>(6)</num><content><p>Other expressions used in this section have the same meaning as in Part 24 of the Companies Act 2006.</p></content></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-registration-of-directors-secretaries-and-persons-with-significant-control"><heading>Registration of directors, secretaries and persons with significant control</heading><section eId="section-51"><num>51</num><heading>Abolition of local registers etc</heading><subsection eId="section-51-1"><num>(1)</num><intro><p>Schedule 2 contains amendments to abolish requirements imposed on a company to keep its own—</p></intro><level class="para1" eId="section-51-1-a"><num>(a)</num><content><p>register of directors;</p></content></level><level class="para1" eId="section-51-1-b"><num>(b)</num><content><p>register of directors’ residential addresses;</p></content></level><level class="para1" eId="section-51-1-c"><num>(c)</num><content><p>register of secretaries;</p></content></level><level class="para1" eId="section-51-1-d"><num>(d)</num><content><p>register of people with significant control (sometimes referred to as a PSC register).</p></content></level></subsection><subsection eId="section-51-2"><num>(2)</num><content><p>It also contains related amendments requiring information to be provided to the registrar of companies.</p></content></subsection></section><section eId="section-52"><num>52</num><heading>Protection of date of birth information</heading><subsection eId="section-52-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-52-2"><num>(2)</num><content><p><mod>In section 1087 (material not available for public inspection), for paragraph (da) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(da)</num><content><p>relevant date of birth information that section <ref href="#d28e7084">1087A</ref> provides is not to be made available for public inspection;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-52-3"><num>(3)</num><content><p><mod>For sections 1087A and 1087B substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e7084"><num>1087A</num><heading>Protection of date of birth information</heading><subsection eId="d28e7088"><num>(1)</num><intro><p>The registrar must not make available for public inspection—</p></intro><level class="para1" eId="d28e7094"><num>(a)</num><content><p>so much of any document delivered to the registrar as is required to contain relevant date of birth information;</p></content></level><level class="para1" eId="d28e7100"><num>(b)</num><content><p>any record of the information contained in part of a document that is unavailable because of paragraph <ref href="#d28e7094">(a)</ref>.</p></content></level></subsection><subsection><num>(2)</num><content><p>This section has limited application in relation to documents delivered before it comes fully into force: see section <ref href="#d28e7166">1087B</ref>.</p></content></subsection><subsection eId="d28e7118"><num>(3)</num><intro><p>“<term refersTo="#term-relevant-date-of-birth-information">Relevant date of birth information</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>information as to the day of the month (but not the month or year) on which a director (or proposed director) was born;</p></content></level><level class="para1"><num>(b)</num><content><p>information as to the day of the month (but not the month or year) on which a registrable person in relation to the company was born.</p></content></level></subsection><subsection><num>(4)</num><content><p>Information about a director (or proposed director) or registrable person does not cease to be relevant date of birth information when they cease to be a director (or proposed director) or registrable person.</p></content></subsection><subsection><num>(5)</num><content><p>Subsection <ref href="#d28e7100">(1)(b)</ref> does not affect the availability for public inspection of the same information contained in material derived from a part of a document that was not required to contain the information.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-registrable-person">registrable person</term>”, in relation to a company, has the meaning given by section 790C(4).</p></content></subsection></section><section eId="d28e7166"><num>1087B</num><heading>Protection of date of birth information in old documents</heading><subsection><num>(1)</num><content><p>This section limits the extent to which section <ref href="#d28e7084">1087A</ref> applies in relation to documents delivered to the registrar before that section comes fully into force (“old documents”).</p></content></subsection><subsection eId="d28e7179"><num>(2)</num><content><p>Section <ref href="#d28e7084">1087A</ref> does not apply in relation to any old documents registered before 10 October 2015.</p></content></subsection><subsection><num>(3)</num><intro><p>Section <ref href="#d28e7084">1087A</ref> does not apply in relation to any old document that is—</p></intro><level class="para1" eId="d28e7197"><num>(a)</num><content><p>a statement of a company’s proposed officers delivered under section 9 in circumstances where the subscribers gave notice of election under section 167A (election to keep information on central register) in respect of the company’s register of directors when the statement was delivered;</p></content></level><level class="para1"><num>(b)</num><content><p>a document delivered by the company under section 167D (duty to notify registrar of changes while election in force);</p></content></level><level class="para1"><num>(c)</num><content><p>a statement of initial significant control delivered under section 9 in circumstances where the subscribers gave notice of election under section 790X in respect of the company when the statement was delivered;</p></content></level><level class="para1"><num>(d)</num><content><p>a document containing a statement or updated statement delivered by the company under section 790X(6)(b) or (7) (statement accompanying notice of election made after incorporation);</p></content></level><level class="para1" eId="d28e7221"><num>(e)</num><content><p>a document delivered by the company under section 790ZA (duty to notify registrar of changes while election in force).</p></content></level></subsection><subsection eId="d28e7227"><num>(4)</num><intro><p>Section <ref href="#d28e7084">1087A</ref> does not apply in relation to any old document if—</p></intro><level class="para1" eId="d28e7236"><num>(a)</num><intro><p>the document is—</p></intro><level class="para2"><num>(i)</num><content><p>a statement of proposed officers delivered under section 9, or</p></content></level><level class="para2"><num>(ii)</num><content><p>notice given under section 167 of a person having become a director of the company,</p></content></level></level><level class="para1"><num>(b)</num><content><p>after the delivery of the document an election was made under section 167A in respect of the company’s register of directors, and</p></content></level><level class="para1" eId="d28e7260"><num>(c)</num><content><p>the relevant date of birth information relates to a person who was a director of the company when that election took effect.</p></content></level></subsection><subsection><num>(5)</num><content><p>References in subsections <ref href="#d28e7197">(3)(a)</ref> to <ref href="#d28e7221">(e)</ref> and <ref href="#d28e7236">(4)(a)</ref> to <ref href="#d28e7260">(c)</ref> to a provision of this Act are to the provision as it had effect at the time at which the document was delivered (the provisions in question were repealed by the Economic Crime and Corporate Transparency Act 2023).</p></content></subsection></section><section eId="d28e7287"><num>1087C</num><heading>Disclosure of date of birth information</heading><subsection eId="d28e7291"><num>(1)</num><intro><p>The registrar must not disclose relevant date of birth information except—</p></intro><level class="para1"><num>(a)</num><content><p>in accordance with subsection (2) or (3), or</p></content></level><level class="para1"><num>(b)</num><content><p>as permitted by section <ref href="#d28e13362">1110F</ref> (general powers of disclosure by the registrar).</p></content></level></subsection><subsection><num>(2)</num><content><p>The registrar may disclose relevant date of birth information if the information is made available for public inspection.</p></content></subsection><subsection><num>(3)</num><content><p>The registrar may disclose relevant date of birth information to a credit reference agency (as defined by section 243(7)).</p></content></subsection><subsection><num>(4)</num><content><p>Subsections (3) to (8) of section 243 (permitted disclosure of address information by the registrar) apply for the purposes of subsection (3) as for the purposes of that section (reading references there to protected information as references to relevant date of birth information).</p></content></subsection><subsection><num>(5)</num><content><p>In this section “<term refersTo="#term-relevant-date-of-birth-information">relevant date of birth information</term>” has the meaning given by section <ref href="#d28e7084">1087A</ref><ref href="#d28e7118">(3)</ref>.</p></content></subsection></section></quotedStructure></mod></p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-51"><num>51</num><heading>Abolition of local registers etc</heading><subsection eId="section-51-1"><num>(1)</num><intro><p>Schedule 2 contains amendments to abolish requirements imposed on a company to keep its own—</p></intro><level class="para1" eId="section-51-1-a"><num>(a)</num><content><p>register of directors;</p></content></level><level class="para1" eId="section-51-1-b"><num>(b)</num><content><p>register of directors’ residential addresses;</p></content></level><level class="para1" eId="section-51-1-c"><num>(c)</num><content><p>register of secretaries;</p></content></level><level class="para1" eId="section-51-1-d"><num>(d)</num><content><p>register of people with significant control (sometimes referred to as a PSC register).</p></content></level></subsection><subsection eId="section-51-2"><num>(2)</num><content><p>It also contains related amendments requiring information to be provided to the registrar of companies.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-51-1"><num>(1)</num><intro><p>Schedule 2 contains amendments to abolish requirements imposed on a company to keep its own—</p></intro><level class="para1" eId="section-51-1-a"><num>(a)</num><content><p>register of directors;</p></content></level><level class="para1" eId="section-51-1-b"><num>(b)</num><content><p>register of directors’ residential addresses;</p></content></level><level class="para1" eId="section-51-1-c"><num>(c)</num><content><p>register of secretaries;</p></content></level><level class="para1" eId="section-51-1-d"><num>(d)</num><content><p>register of people with significant control (sometimes referred to as a PSC register).</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-51-1-a"><num>(a)</num><content><p>register of directors;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-51-1-b"><num>(b)</num><content><p>register of directors’ residential addresses;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-51-1-c"><num>(c)</num><content><p>register of secretaries;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-51-1-d"><num>(d)</num><content><p>register of people with significant control (sometimes referred to as a PSC register).</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-51-2"><num>(2)</num><content><p>It also contains related amendments requiring information to be provided to the registrar of companies.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-52"><num>52</num><heading>Protection of date of birth information</heading><subsection eId="section-52-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-52-2"><num>(2)</num><content><p><mod>In section 1087 (material not available for public inspection), for paragraph (da) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(da)</num><content><p>relevant date of birth information that section <ref href="#d28e7084">1087A</ref> provides is not to be made available for public inspection;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-52-3"><num>(3)</num><content><p><mod>For sections 1087A and 1087B substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e7084"><num>1087A</num><heading>Protection of date of birth information</heading><subsection eId="d28e7088"><num>(1)</num><intro><p>The registrar must not make available for public inspection—</p></intro><level class="para1" eId="d28e7094"><num>(a)</num><content><p>so much of any document delivered to the registrar as is required to contain relevant date of birth information;</p></content></level><level class="para1" eId="d28e7100"><num>(b)</num><content><p>any record of the information contained in part of a document that is unavailable because of paragraph <ref href="#d28e7094">(a)</ref>.</p></content></level></subsection><subsection><num>(2)</num><content><p>This section has limited application in relation to documents delivered before it comes fully into force: see section <ref href="#d28e7166">1087B</ref>.</p></content></subsection><subsection eId="d28e7118"><num>(3)</num><intro><p>“<term refersTo="#term-relevant-date-of-birth-information">Relevant date of birth information</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>information as to the day of the month (but not the month or year) on which a director (or proposed director) was born;</p></content></level><level class="para1"><num>(b)</num><content><p>information as to the day of the month (but not the month or year) on which a registrable person in relation to the company was born.</p></content></level></subsection><subsection><num>(4)</num><content><p>Information about a director (or proposed director) or registrable person does not cease to be relevant date of birth information when they cease to be a director (or proposed director) or registrable person.</p></content></subsection><subsection><num>(5)</num><content><p>Subsection <ref href="#d28e7100">(1)(b)</ref> does not affect the availability for public inspection of the same information contained in material derived from a part of a document that was not required to contain the information.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-registrable-person">registrable person</term>”, in relation to a company, has the meaning given by section 790C(4).</p></content></subsection></section><section eId="d28e7166"><num>1087B</num><heading>Protection of date of birth information in old documents</heading><subsection><num>(1)</num><content><p>This section limits the extent to which section <ref href="#d28e7084">1087A</ref> applies in relation to documents delivered to the registrar before that section comes fully into force (“old documents”).</p></content></subsection><subsection eId="d28e7179"><num>(2)</num><content><p>Section <ref href="#d28e7084">1087A</ref> does not apply in relation to any old documents registered before 10 October 2015.</p></content></subsection><subsection><num>(3)</num><intro><p>Section <ref href="#d28e7084">1087A</ref> does not apply in relation to any old document that is—</p></intro><level class="para1" eId="d28e7197"><num>(a)</num><content><p>a statement of a company’s proposed officers delivered under section 9 in circumstances where the subscribers gave notice of election under section 167A (election to keep information on central register) in respect of the company’s register of directors when the statement was delivered;</p></content></level><level class="para1"><num>(b)</num><content><p>a document delivered by the company under section 167D (duty to notify registrar of changes while election in force);</p></content></level><level class="para1"><num>(c)</num><content><p>a statement of initial significant control delivered under section 9 in circumstances where the subscribers gave notice of election under section 790X in respect of the company when the statement was delivered;</p></content></level><level class="para1"><num>(d)</num><content><p>a document containing a statement or updated statement delivered by the company under section 790X(6)(b) or (7) (statement accompanying notice of election made after incorporation);</p></content></level><level class="para1" eId="d28e7221"><num>(e)</num><content><p>a document delivered by the company under section 790ZA (duty to notify registrar of changes while election in force).</p></content></level></subsection><subsection eId="d28e7227"><num>(4)</num><intro><p>Section <ref href="#d28e7084">1087A</ref> does not apply in relation to any old document if—</p></intro><level class="para1" eId="d28e7236"><num>(a)</num><intro><p>the document is—</p></intro><level class="para2"><num>(i)</num><content><p>a statement of proposed officers delivered under section 9, or</p></content></level><level class="para2"><num>(ii)</num><content><p>notice given under section 167 of a person having become a director of the company,</p></content></level></level><level class="para1"><num>(b)</num><content><p>after the delivery of the document an election was made under section 167A in respect of the company’s register of directors, and</p></content></level><level class="para1" eId="d28e7260"><num>(c)</num><content><p>the relevant date of birth information relates to a person who was a director of the company when that election took effect.</p></content></level></subsection><subsection><num>(5)</num><content><p>References in subsections <ref href="#d28e7197">(3)(a)</ref> to <ref href="#d28e7221">(e)</ref> and <ref href="#d28e7236">(4)(a)</ref> to <ref href="#d28e7260">(c)</ref> to a provision of this Act are to the provision as it had effect at the time at which the document was delivered (the provisions in question were repealed by the Economic Crime and Corporate Transparency Act 2023).</p></content></subsection></section><section eId="d28e7287"><num>1087C</num><heading>Disclosure of date of birth information</heading><subsection eId="d28e7291"><num>(1)</num><intro><p>The registrar must not disclose relevant date of birth information except—</p></intro><level class="para1"><num>(a)</num><content><p>in accordance with subsection (2) or (3), or</p></content></level><level class="para1"><num>(b)</num><content><p>as permitted by section <ref href="#d28e13362">1110F</ref> (general powers of disclosure by the registrar).</p></content></level></subsection><subsection><num>(2)</num><content><p>The registrar may disclose relevant date of birth information if the information is made available for public inspection.</p></content></subsection><subsection><num>(3)</num><content><p>The registrar may disclose relevant date of birth information to a credit reference agency (as defined by section 243(7)).</p></content></subsection><subsection><num>(4)</num><content><p>Subsections (3) to (8) of section 243 (permitted disclosure of address information by the registrar) apply for the purposes of subsection (3) as for the purposes of that section (reading references there to protected information as references to relevant date of birth information).</p></content></subsection><subsection><num>(5)</num><content><p>In this section “<term refersTo="#term-relevant-date-of-birth-information">relevant date of birth information</term>” has the meaning given by section <ref href="#d28e7084">1087A</ref><ref href="#d28e7118">(3)</ref>.</p></content></subsection></section></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-52-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-52-2"><num>(2)</num><content><p><mod>In section 1087 (material not available for public inspection), for paragraph (da) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(da)</num><content><p>relevant date of birth information that section <ref href="#d28e7084">1087A</ref> provides is not to be made available for public inspection;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-52-3"><num>(3)</num><content><p><mod>For sections 1087A and 1087B substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e7084"><num>1087A</num><heading>Protection of date of birth information</heading><subsection eId="d28e7088"><num>(1)</num><intro><p>The registrar must not make available for public inspection—</p></intro><level class="para1" eId="d28e7094"><num>(a)</num><content><p>so much of any document delivered to the registrar as is required to contain relevant date of birth information;</p></content></level><level class="para1" eId="d28e7100"><num>(b)</num><content><p>any record of the information contained in part of a document that is unavailable because of paragraph <ref href="#d28e7094">(a)</ref>.</p></content></level></subsection><subsection><num>(2)</num><content><p>This section has limited application in relation to documents delivered before it comes fully into force: see section <ref href="#d28e7166">1087B</ref>.</p></content></subsection><subsection eId="d28e7118"><num>(3)</num><intro><p>“<term refersTo="#term-relevant-date-of-birth-information">Relevant date of birth information</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>information as to the day of the month (but not the month or year) on which a director (or proposed director) was born;</p></content></level><level class="para1"><num>(b)</num><content><p>information as to the day of the month (but not the month or year) on which a registrable person in relation to the company was born.</p></content></level></subsection><subsection><num>(4)</num><content><p>Information about a director (or proposed director) or registrable person does not cease to be relevant date of birth information when they cease to be a director (or proposed director) or registrable person.</p></content></subsection><subsection><num>(5)</num><content><p>Subsection <ref href="#d28e7100">(1)(b)</ref> does not affect the availability for public inspection of the same information contained in material derived from a part of a document that was not required to contain the information.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-registrable-person">registrable person</term>”, in relation to a company, has the meaning given by section 790C(4).</p></content></subsection></section><section eId="d28e7166"><num>1087B</num><heading>Protection of date of birth information in old documents</heading><subsection><num>(1)</num><content><p>This section limits the extent to which section <ref href="#d28e7084">1087A</ref> applies in relation to documents delivered to the registrar before that section comes fully into force (“old documents”).</p></content></subsection><subsection eId="d28e7179"><num>(2)</num><content><p>Section <ref href="#d28e7084">1087A</ref> does not apply in relation to any old documents registered before 10 October 2015.</p></content></subsection><subsection><num>(3)</num><intro><p>Section <ref href="#d28e7084">1087A</ref> does not apply in relation to any old document that is—</p></intro><level class="para1" eId="d28e7197"><num>(a)</num><content><p>a statement of a company’s proposed officers delivered under section 9 in circumstances where the subscribers gave notice of election under section 167A (election to keep information on central register) in respect of the company’s register of directors when the statement was delivered;</p></content></level><level class="para1"><num>(b)</num><content><p>a document delivered by the company under section 167D (duty to notify registrar of changes while election in force);</p></content></level><level class="para1"><num>(c)</num><content><p>a statement of initial significant control delivered under section 9 in circumstances where the subscribers gave notice of election under section 790X in respect of the company when the statement was delivered;</p></content></level><level class="para1"><num>(d)</num><content><p>a document containing a statement or updated statement delivered by the company under section 790X(6)(b) or (7) (statement accompanying notice of election made after incorporation);</p></content></level><level class="para1" eId="d28e7221"><num>(e)</num><content><p>a document delivered by the company under section 790ZA (duty to notify registrar of changes while election in force).</p></content></level></subsection><subsection eId="d28e7227"><num>(4)</num><intro><p>Section <ref href="#d28e7084">1087A</ref> does not apply in relation to any old document if—</p></intro><level class="para1" eId="d28e7236"><num>(a)</num><intro><p>the document is—</p></intro><level class="para2"><num>(i)</num><content><p>a statement of proposed officers delivered under section 9, or</p></content></level><level class="para2"><num>(ii)</num><content><p>notice given under section 167 of a person having become a director of the company,</p></content></level></level><level class="para1"><num>(b)</num><content><p>after the delivery of the document an election was made under section 167A in respect of the company’s register of directors, and</p></content></level><level class="para1" eId="d28e7260"><num>(c)</num><content><p>the relevant date of birth information relates to a person who was a director of the company when that election took effect.</p></content></level></subsection><subsection><num>(5)</num><content><p>References in subsections <ref href="#d28e7197">(3)(a)</ref> to <ref href="#d28e7221">(e)</ref> and <ref href="#d28e7236">(4)(a)</ref> to <ref href="#d28e7260">(c)</ref> to a provision of this Act are to the provision as it had effect at the time at which the document was delivered (the provisions in question were repealed by the Economic Crime and Corporate Transparency Act 2023).</p></content></subsection></section><section eId="d28e7287"><num>1087C</num><heading>Disclosure of date of birth information</heading><subsection eId="d28e7291"><num>(1)</num><intro><p>The registrar must not disclose relevant date of birth information except—</p></intro><level class="para1"><num>(a)</num><content><p>in accordance with subsection (2) or (3), or</p></content></level><level class="para1"><num>(b)</num><content><p>as permitted by section <ref href="#d28e13362">1110F</ref> (general powers of disclosure by the registrar).</p></content></level></subsection><subsection><num>(2)</num><content><p>The registrar may disclose relevant date of birth information if the information is made available for public inspection.</p></content></subsection><subsection><num>(3)</num><content><p>The registrar may disclose relevant date of birth information to a credit reference agency (as defined by section 243(7)).</p></content></subsection><subsection><num>(4)</num><content><p>Subsections (3) to (8) of section 243 (permitted disclosure of address information by the registrar) apply for the purposes of subsection (3) as for the purposes of that section (reading references there to protected information as references to relevant date of birth information).</p></content></subsection><subsection><num>(5)</num><content><p>In this section “<term refersTo="#term-relevant-date-of-birth-information">relevant date of birth information</term>” has the meaning given by section <ref href="#d28e7084">1087A</ref><ref href="#d28e7118">(3)</ref>.</p></content></subsection></section></quotedStructure></mod></p></content></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-accounts-and-reports"><heading>Accounts and reports</heading><section eId="section-53"><num>53</num><heading>Filing obligations of micro-entities</heading><content><p><mod>Before section 444 of the Companies Act 2006 (but after the italic heading before that section) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e7361"><num>443A</num><heading>Filing obligations of micro-entities</heading><subsection><num>(1)</num><intro><p>The directors of a company that qualifies as a micro-entity in relation to a financial year, or that would do so but for being or having been a member of an ineligible group—</p></intro><level class="para1"><num>(a)</num><content><p>must deliver to the registrar a copy of the company’s annual accounts, and</p></content></level><level class="para1"><num>(b)</num><content><p>may also deliver to the registrar a copy of the directors’ report.</p></content></level></subsection><subsection><num>(2)</num><content><p>The directors must also deliver to the registrar a copy of the auditor’s report on those accounts (and any directors’ report).</p><p>This does not apply if the company is exempt from audit and the directors have taken advantage of that exemption.</p></content></subsection><subsection><num>(3)</num><content><p>The copies of the balance sheet and any directors’ report delivered to the registrar under this section must state the name of the person who signed it on behalf of the board.</p></content></subsection><subsection><num>(4)</num><intro><p>The copy of the auditor’s report delivered to the registrar under this section must—</p></intro><level class="para1" eId="d28e7404"><num>(a)</num><content><p>state the name of the auditor and (where the auditor is a firm) the name of the person who signed it as senior statutory auditor, or</p></content></level><level class="para1"><num>(b)</num><content><p>if the conditions in section 506 (circumstances in which names may be omitted) are met, state that a resolution has been passed and notified to the Secretary of State in accordance with that section.</p></content></level></subsection><subsection><num>(5)</num><content><p>If more than one person is appointed as auditor, the reference in subsection <ref href="#d28e7404">(4)(a)</ref> to the name of the auditor is to be read as a reference to the names of all the auditors.</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-54"><num>54</num><heading>Filing obligations of small companies other than micro-entities</heading><content><p><mod>For section 444 of the Companies Act 2006 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e7439"><num>444</num><heading>Filing obligations of small companies other than micro-entities</heading><subsection><num>(1)</num><intro><p>The directors of a company that is subject to the small companies regime in relation to a financial year, or that would be so subject but for being or having been a member of an ineligible group, must deliver to the registrar a copy of—</p></intro><level class="para1"><num>(a)</num><content><p>the company’s annual accounts, and</p></content></level><level class="para1"><num>(b)</num><content><p>the directors’ report.</p></content></level></subsection><subsection><num>(2)</num><content><p>The directors must also deliver to the registrar a copy of the auditor’s report on those accounts (and on the directors’ report).</p><p>This does not apply if the company is exempt from audit and the directors have taken advantage of that exemption.</p></content></subsection><subsection><num>(3)</num><content><p>The copies of the balance sheet and directors’ report delivered to the registrar under this section must state the name of the person who signed it on behalf of the board.</p></content></subsection><subsection><num>(4)</num><intro><p>The copy of the auditor’s report delivered to the registrar under this section must—</p></intro><level class="para1" eId="d28e7482"><num>(a)</num><content><p>state the name of the auditor and (where the auditor is a firm) the name of the person who signed it as senior statutory auditor, or</p></content></level><level class="para1"><num>(b)</num><content><p>if the conditions in section 506 (circumstances in which names may be omitted) are met, state that a resolution has been passed and notified to the Secretary of State in accordance with that section.</p></content></level></subsection><subsection><num>(5)</num><content><p>If more than one person is appointed as auditor, the reference in subsection <ref href="#d28e7482">(4)(a)</ref> to the name of the auditor is to be read as a reference to the names of all the auditors.</p></content></subsection><subsection><num>(6)</num><content><p>This section does not apply to companies within section 443A (filing obligations of companies that qualify as micro-entities).</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-55"><num>55</num><heading>Sections 53 and 54: consequential amendments</heading><subsection eId="section-55-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-55-2"><num>(2)</num><content><p><mod>In section 415A (directors’ report: small companies exemption), for subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><content><p>The exemption is relevant to section 416(3) (contents of report: statement of amount recommended by way of dividend).</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-55-3"><num>(3)</num><intro><p>In section 441 (duty to file accounts and reports with the registrar), in subsection (1)—</p></intro><level class="para1" eId="section-55-3-a"><num>(a)</num><content><p><mod>at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e7361">443A</ref> (filing obligations of micro-entities),</p></item></blockList></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-55-3-b"><num>(b)</num><content><p><mod>for “companies subject to small companies regime” substitute <quotedText>“small companies other than micro-entities”</quotedText>;</mod></p></content></level><level class="para1" eId="section-55-3-c"><num>(c)</num><content><p>omit the entry for section 444A.</p></content></level></subsection><subsection eId="section-55-4"><num>(4)</num><content><p>Omit section 444A (filing obligations of companies entitled to small companies exemption in relation to directors’ report).</p></content></subsection><subsection eId="section-55-5"><num>(5)</num><content><p><mod>In section 445 (filing obligations of medium-sized companies), for subsection (7) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7)</num><intro><p>This section does not apply to companies within—</p></intro><level class="para1"><num>(a)</num><content><p>section <ref href="#d28e7361">443A</ref> (filing obligations of micro-entities), or</p></content></level><level class="para1"><num>(b)</num><content><p>section <ref href="#d28e7439">444</ref> (filing obligations of small companies other than micro-entities).</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-55-6"><num>(6)</num><content><p><mod>In section 446 (filing obligations of unquoted companies), for subsection (5), substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><intro><p>This section does not apply to companies within—</p></intro><level class="para1"><num>(a)</num><content><p>section <ref href="#d28e7361">443A</ref> (filing obligations of micro-entities),</p></content></level><level class="para1"><num>(b)</num><content><p>section <ref href="#d28e7439">444</ref> (filing obligations of small companies other than micro-entities), or</p></content></level><level class="para1"><num>(c)</num><content><p>section 445 (filing obligations of medium-sized companies).</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-55-7"><num>(7)</num><content><p>In section 473 (parliamentary procedure for certain regulations under this Part), in subsection (1), omit the entry in the list for section 444.</p></content></subsection></section><section eId="section-56"><num>56</num><heading>Use or disclosure of profit and loss accounts for certain companies</heading><subsection eId="section-56-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-56-2"><num>(2)</num><content><p><mod>After section 468 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e7678"><num>468A</num><heading>Use or disclosure of profit and loss accounts for certain companies</heading><subsection eId="d28e7682"><num>(1)</num><intro><p>The Secretary of State may by regulations make provision requiring the registrar, on application or otherwise—</p></intro><level class="para1"><num>(a)</num><content><p>not to make available for public inspection profit and loss accounts, or parts of them, delivered to the registrar under—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 443A (micro-entities), or</p></item><item><p>section 444 (other small companies);</p></item></blockList></content></level><level class="para1" eId="d28e7703"><num>(b)</num><content><p>to refrain from disclosing such accounts, or parts of them, except in specified circumstances.</p></content></level></subsection><subsection><num>(2)</num><intro><p>Regulations under subsection <ref href="#d28e7682">(1)</ref> which provide for the making of an application may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application;</p></content></level><level class="para1"><num>(b)</num><content><p>the grounds on which an application may be made;</p></content></level><level class="para1"><num>(c)</num><content><p>the information to be included in and documents to accompany an application;</p></content></level><level class="para1"><num>(d)</num><content><p>the notice to be given of an application and of its outcome;</p></content></level><level class="para1" eId="d28e7742"><num>(e)</num><content><p>how an application is to be determined;</p></content></level><level class="para1" eId="d28e7748"><num>(f)</num><content><p>the duration of, and procedures for revoking, any restrictions on the making of information available for public inspection or its disclosure.</p></content></level></subsection><subsection><num>(3)</num><content><p>Provision under subsection <ref href="#d28e7742">(2)(e)</ref> or <ref href="#d28e7748">(f)</ref> may in particular provide for a question to be referred to a person other than the registrar for the purposes of determining the application or revoking the restrictions.</p></content></subsection><subsection><num>(4)</num><content><p>The circumstances that may be specified under subsection <ref href="#d28e7703">(1)(b)</ref> by way of an exception to a restriction on disclosure include circumstances where the court has made an order, in accordance with the regulations, authorising disclosure.</p></content></subsection><subsection><num>(5)</num><content><p>Regulations under subsection (1)(b) may not require the registrar to refrain from disclosing information under section 1110F (general powers of disclosure by the registrar).</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(7)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-56-3"><num>(3)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), after paragraph (bb) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bba)</num><intro><p>the following—</p></intro><level class="para2"><num>(i)</num><content><p>any application or other document delivered to the registrar under regulations under section <ref href="#d28e7678">468A</ref> (regulations protecting profit and loss accounts for certain companies);</p></content></level><level class="para2"><num>(ii)</num><content><p>any information which regulations under section <ref href="#d28e7678">468A</ref> require not to be made available for public inspection;</p></content></level></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-57"><num>57</num><heading>Statements about exemption from audit requirements</heading><content><p><mod>In section 475 of the Companies Act 2006 (requirement for audited accounts), for subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><intro><p>A company is not entitled to any such exemption unless its balance sheet contains a statement by the directors—</p></intro><level class="para1"><num>(a)</num><content><p>identifying the exemption in question, and</p></content></level><level class="para1"><num>(b)</num><content><p>confirming that the company qualifies for the exemption.</p></content></level></subsection></quotedStructure></mod></p></content></section><section eId="section-58"><num>58</num><heading>Removal of option to abridge Companies Act accounts</heading><subsection eId="section-58-1"><num>(1)</num><content><p>Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations 2008 (<ref eId="c00006" href="http://www.legislation.gov.uk/id/uksi/2008/409">S.I. 2008/409</ref>) (Companies Act individual accounts) is amended as follows.</p></content></subsection><subsection eId="section-58-2"><num>(2)</num><content><p>In paragraph 1(3), omit “Subject to paragraph 1A”.</p></content></subsection><subsection eId="section-58-3"><num>(3)</num><content><p>Omit paragraph 1A (abridged accounts).</p></content></subsection><subsection eId="section-58-4"><num>(4)</num><content><p>In paragraph 1B(2), omit “, otherwise than pursuant to paragraph 1A(2),”.</p></content></subsection><subsection eId="section-58-5"><num>(5)</num><intro><p>In paragraph 1C, omit—</p></intro><level class="para1" eId="section-58-5-a"><num>(a)</num><content><p>“abridgment or”;</p></content></level><level class="para1" eId="section-58-5-b"><num>(b)</num><content><p>“1A or”.</p></content></level></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-53"><num>53</num><heading>Filing obligations of micro-entities</heading><content><p><mod>Before section 444 of the Companies Act 2006 (but after the italic heading before that section) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e7361"><num>443A</num><heading>Filing obligations of micro-entities</heading><subsection><num>(1)</num><intro><p>The directors of a company that qualifies as a micro-entity in relation to a financial year, or that would do so but for being or having been a member of an ineligible group—</p></intro><level class="para1"><num>(a)</num><content><p>must deliver to the registrar a copy of the company’s annual accounts, and</p></content></level><level class="para1"><num>(b)</num><content><p>may also deliver to the registrar a copy of the directors’ report.</p></content></level></subsection><subsection><num>(2)</num><content><p>The directors must also deliver to the registrar a copy of the auditor’s report on those accounts (and any directors’ report).</p><p>This does not apply if the company is exempt from audit and the directors have taken advantage of that exemption.</p></content></subsection><subsection><num>(3)</num><content><p>The copies of the balance sheet and any directors’ report delivered to the registrar under this section must state the name of the person who signed it on behalf of the board.</p></content></subsection><subsection><num>(4)</num><intro><p>The copy of the auditor’s report delivered to the registrar under this section must—</p></intro><level class="para1" eId="d28e7404"><num>(a)</num><content><p>state the name of the auditor and (where the auditor is a firm) the name of the person who signed it as senior statutory auditor, or</p></content></level><level class="para1"><num>(b)</num><content><p>if the conditions in section 506 (circumstances in which names may be omitted) are met, state that a resolution has been passed and notified to the Secretary of State in accordance with that section.</p></content></level></subsection><subsection><num>(5)</num><content><p>If more than one person is appointed as auditor, the reference in subsection <ref href="#d28e7404">(4)(a)</ref> to the name of the auditor is to be read as a reference to the names of all the auditors.</p></content></subsection></section></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-54"><num>54</num><heading>Filing obligations of small companies other than micro-entities</heading><content><p><mod>For section 444 of the Companies Act 2006 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e7439"><num>444</num><heading>Filing obligations of small companies other than micro-entities</heading><subsection><num>(1)</num><intro><p>The directors of a company that is subject to the small companies regime in relation to a financial year, or that would be so subject but for being or having been a member of an ineligible group, must deliver to the registrar a copy of—</p></intro><level class="para1"><num>(a)</num><content><p>the company’s annual accounts, and</p></content></level><level class="para1"><num>(b)</num><content><p>the directors’ report.</p></content></level></subsection><subsection><num>(2)</num><content><p>The directors must also deliver to the registrar a copy of the auditor’s report on those accounts (and on the directors’ report).</p><p>This does not apply if the company is exempt from audit and the directors have taken advantage of that exemption.</p></content></subsection><subsection><num>(3)</num><content><p>The copies of the balance sheet and directors’ report delivered to the registrar under this section must state the name of the person who signed it on behalf of the board.</p></content></subsection><subsection><num>(4)</num><intro><p>The copy of the auditor’s report delivered to the registrar under this section must—</p></intro><level class="para1" eId="d28e7482"><num>(a)</num><content><p>state the name of the auditor and (where the auditor is a firm) the name of the person who signed it as senior statutory auditor, or</p></content></level><level class="para1"><num>(b)</num><content><p>if the conditions in section 506 (circumstances in which names may be omitted) are met, state that a resolution has been passed and notified to the Secretary of State in accordance with that section.</p></content></level></subsection><subsection><num>(5)</num><content><p>If more than one person is appointed as auditor, the reference in subsection <ref href="#d28e7482">(4)(a)</ref> to the name of the auditor is to be read as a reference to the names of all the auditors.</p></content></subsection><subsection><num>(6)</num><content><p>This section does not apply to companies within section 443A (filing obligations of companies that qualify as micro-entities).</p></content></subsection></section></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-55"><num>55</num><heading>Sections 53 and 54: consequential amendments</heading><subsection eId="section-55-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-55-2"><num>(2)</num><content><p><mod>In section 415A (directors’ report: small companies exemption), for subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><content><p>The exemption is relevant to section 416(3) (contents of report: statement of amount recommended by way of dividend).</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-55-3"><num>(3)</num><intro><p>In section 441 (duty to file accounts and reports with the registrar), in subsection (1)—</p></intro><level class="para1" eId="section-55-3-a"><num>(a)</num><content><p><mod>at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e7361">443A</ref> (filing obligations of micro-entities),</p></item></blockList></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-55-3-b"><num>(b)</num><content><p><mod>for “companies subject to small companies regime” substitute <quotedText>“small companies other than micro-entities”</quotedText>;</mod></p></content></level><level class="para1" eId="section-55-3-c"><num>(c)</num><content><p>omit the entry for section 444A.</p></content></level></subsection><subsection eId="section-55-4"><num>(4)</num><content><p>Omit section 444A (filing obligations of companies entitled to small companies exemption in relation to directors’ report).</p></content></subsection><subsection eId="section-55-5"><num>(5)</num><content><p><mod>In section 445 (filing obligations of medium-sized companies), for subsection (7) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7)</num><intro><p>This section does not apply to companies within—</p></intro><level class="para1"><num>(a)</num><content><p>section <ref href="#d28e7361">443A</ref> (filing obligations of micro-entities), or</p></content></level><level class="para1"><num>(b)</num><content><p>section <ref href="#d28e7439">444</ref> (filing obligations of small companies other than micro-entities).</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-55-6"><num>(6)</num><content><p><mod>In section 446 (filing obligations of unquoted companies), for subsection (5), substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><intro><p>This section does not apply to companies within—</p></intro><level class="para1"><num>(a)</num><content><p>section <ref href="#d28e7361">443A</ref> (filing obligations of micro-entities),</p></content></level><level class="para1"><num>(b)</num><content><p>section <ref href="#d28e7439">444</ref> (filing obligations of small companies other than micro-entities), or</p></content></level><level class="para1"><num>(c)</num><content><p>section 445 (filing obligations of medium-sized companies).</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-55-7"><num>(7)</num><content><p>In section 473 (parliamentary procedure for certain regulations under this Part), in subsection (1), omit the entry in the list for section 444.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-55-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-55-2"><num>(2)</num><content><p><mod>In section 415A (directors’ report: small companies exemption), for subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><content><p>The exemption is relevant to section 416(3) (contents of report: statement of amount recommended by way of dividend).</p></content></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-55-3"><num>(3)</num><intro><p>In section 441 (duty to file accounts and reports with the registrar), in subsection (1)—</p></intro><level class="para1" eId="section-55-3-a"><num>(a)</num><content><p><mod>at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e7361">443A</ref> (filing obligations of micro-entities),</p></item></blockList></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-55-3-b"><num>(b)</num><content><p><mod>for “companies subject to small companies regime” substitute <quotedText>“small companies other than micro-entities”</quotedText>;</mod></p></content></level><level class="para1" eId="section-55-3-c"><num>(c)</num><content><p>omit the entry for section 444A.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-55-3-a"><num>(a)</num><content><p><mod>at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e7361">443A</ref> (filing obligations of micro-entities),</p></item></blockList></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-55-3-b"><num>(b)</num><content><p><mod>for “companies subject to small companies regime” substitute <quotedText>“small companies other than micro-entities”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-55-3-c"><num>(c)</num><content><p>omit the entry for section 444A.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-55-4"><num>(4)</num><content><p>Omit section 444A (filing obligations of companies entitled to small companies exemption in relation to directors’ report).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-55-5"><num>(5)</num><content><p><mod>In section 445 (filing obligations of medium-sized companies), for subsection (7) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7)</num><intro><p>This section does not apply to companies within—</p></intro><level class="para1"><num>(a)</num><content><p>section <ref href="#d28e7361">443A</ref> (filing obligations of micro-entities), or</p></content></level><level class="para1"><num>(b)</num><content><p>section <ref href="#d28e7439">444</ref> (filing obligations of small companies other than micro-entities).</p></content></level></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-55-6"><num>(6)</num><content><p><mod>In section 446 (filing obligations of unquoted companies), for subsection (5), substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><intro><p>This section does not apply to companies within—</p></intro><level class="para1"><num>(a)</num><content><p>section <ref href="#d28e7361">443A</ref> (filing obligations of micro-entities),</p></content></level><level class="para1"><num>(b)</num><content><p>section <ref href="#d28e7439">444</ref> (filing obligations of small companies other than micro-entities), or</p></content></level><level class="para1"><num>(c)</num><content><p>section 445 (filing obligations of medium-sized companies).</p></content></level></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-55-7"><num>(7)</num><content><p>In section 473 (parliamentary procedure for certain regulations under this Part), in subsection (1), omit the entry in the list for section 444.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-56"><num>56</num><heading>Use or disclosure of profit and loss accounts for certain companies</heading><subsection eId="section-56-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-56-2"><num>(2)</num><content><p><mod>After section 468 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e7678"><num>468A</num><heading>Use or disclosure of profit and loss accounts for certain companies</heading><subsection eId="d28e7682"><num>(1)</num><intro><p>The Secretary of State may by regulations make provision requiring the registrar, on application or otherwise—</p></intro><level class="para1"><num>(a)</num><content><p>not to make available for public inspection profit and loss accounts, or parts of them, delivered to the registrar under—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 443A (micro-entities), or</p></item><item><p>section 444 (other small companies);</p></item></blockList></content></level><level class="para1" eId="d28e7703"><num>(b)</num><content><p>to refrain from disclosing such accounts, or parts of them, except in specified circumstances.</p></content></level></subsection><subsection><num>(2)</num><intro><p>Regulations under subsection <ref href="#d28e7682">(1)</ref> which provide for the making of an application may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application;</p></content></level><level class="para1"><num>(b)</num><content><p>the grounds on which an application may be made;</p></content></level><level class="para1"><num>(c)</num><content><p>the information to be included in and documents to accompany an application;</p></content></level><level class="para1"><num>(d)</num><content><p>the notice to be given of an application and of its outcome;</p></content></level><level class="para1" eId="d28e7742"><num>(e)</num><content><p>how an application is to be determined;</p></content></level><level class="para1" eId="d28e7748"><num>(f)</num><content><p>the duration of, and procedures for revoking, any restrictions on the making of information available for public inspection or its disclosure.</p></content></level></subsection><subsection><num>(3)</num><content><p>Provision under subsection <ref href="#d28e7742">(2)(e)</ref> or <ref href="#d28e7748">(f)</ref> may in particular provide for a question to be referred to a person other than the registrar for the purposes of determining the application or revoking the restrictions.</p></content></subsection><subsection><num>(4)</num><content><p>The circumstances that may be specified under subsection <ref href="#d28e7703">(1)(b)</ref> by way of an exception to a restriction on disclosure include circumstances where the court has made an order, in accordance with the regulations, authorising disclosure.</p></content></subsection><subsection><num>(5)</num><content><p>Regulations under subsection (1)(b) may not require the registrar to refrain from disclosing information under section 1110F (general powers of disclosure by the registrar).</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(7)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-56-3"><num>(3)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), after paragraph (bb) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bba)</num><intro><p>the following—</p></intro><level class="para2"><num>(i)</num><content><p>any application or other document delivered to the registrar under regulations under section <ref href="#d28e7678">468A</ref> (regulations protecting profit and loss accounts for certain companies);</p></content></level><level class="para2"><num>(ii)</num><content><p>any information which regulations under section <ref href="#d28e7678">468A</ref> require not to be made available for public inspection;</p></content></level></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-56-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-56-2"><num>(2)</num><content><p><mod>After section 468 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e7678"><num>468A</num><heading>Use or disclosure of profit and loss accounts for certain companies</heading><subsection eId="d28e7682"><num>(1)</num><intro><p>The Secretary of State may by regulations make provision requiring the registrar, on application or otherwise—</p></intro><level class="para1"><num>(a)</num><content><p>not to make available for public inspection profit and loss accounts, or parts of them, delivered to the registrar under—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 443A (micro-entities), or</p></item><item><p>section 444 (other small companies);</p></item></blockList></content></level><level class="para1" eId="d28e7703"><num>(b)</num><content><p>to refrain from disclosing such accounts, or parts of them, except in specified circumstances.</p></content></level></subsection><subsection><num>(2)</num><intro><p>Regulations under subsection <ref href="#d28e7682">(1)</ref> which provide for the making of an application may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application;</p></content></level><level class="para1"><num>(b)</num><content><p>the grounds on which an application may be made;</p></content></level><level class="para1"><num>(c)</num><content><p>the information to be included in and documents to accompany an application;</p></content></level><level class="para1"><num>(d)</num><content><p>the notice to be given of an application and of its outcome;</p></content></level><level class="para1" eId="d28e7742"><num>(e)</num><content><p>how an application is to be determined;</p></content></level><level class="para1" eId="d28e7748"><num>(f)</num><content><p>the duration of, and procedures for revoking, any restrictions on the making of information available for public inspection or its disclosure.</p></content></level></subsection><subsection><num>(3)</num><content><p>Provision under subsection <ref href="#d28e7742">(2)(e)</ref> or <ref href="#d28e7748">(f)</ref> may in particular provide for a question to be referred to a person other than the registrar for the purposes of determining the application or revoking the restrictions.</p></content></subsection><subsection><num>(4)</num><content><p>The circumstances that may be specified under subsection <ref href="#d28e7703">(1)(b)</ref> by way of an exception to a restriction on disclosure include circumstances where the court has made an order, in accordance with the regulations, authorising disclosure.</p></content></subsection><subsection><num>(5)</num><content><p>Regulations under subsection (1)(b) may not require the registrar to refrain from disclosing information under section 1110F (general powers of disclosure by the registrar).</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(7)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-56-3"><num>(3)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), after paragraph (bb) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bba)</num><intro><p>the following—</p></intro><level class="para2"><num>(i)</num><content><p>any application or other document delivered to the registrar under regulations under section <ref href="#d28e7678">468A</ref> (regulations protecting profit and loss accounts for certain companies);</p></content></level><level class="para2"><num>(ii)</num><content><p>any information which regulations under section <ref href="#d28e7678">468A</ref> require not to be made available for public inspection;</p></content></level></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-57"><num>57</num><heading>Statements about exemption from audit requirements</heading><content><p><mod>In section 475 of the Companies Act 2006 (requirement for audited accounts), for subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><intro><p>A company is not entitled to any such exemption unless its balance sheet contains a statement by the directors—</p></intro><level class="para1"><num>(a)</num><content><p>identifying the exemption in question, and</p></content></level><level class="para1"><num>(b)</num><content><p>confirming that the company qualifies for the exemption.</p></content></level></subsection></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-58"><num>58</num><heading>Removal of option to abridge Companies Act accounts</heading><subsection eId="section-58-1"><num>(1)</num><content><p>Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations 2008 (<ref eId="c00006" href="http://www.legislation.gov.uk/id/uksi/2008/409">S.I. 2008/409</ref>) (Companies Act individual accounts) is amended as follows.</p></content></subsection><subsection eId="section-58-2"><num>(2)</num><content><p>In paragraph 1(3), omit “Subject to paragraph 1A”.</p></content></subsection><subsection eId="section-58-3"><num>(3)</num><content><p>Omit paragraph 1A (abridged accounts).</p></content></subsection><subsection eId="section-58-4"><num>(4)</num><content><p>In paragraph 1B(2), omit “, otherwise than pursuant to paragraph 1A(2),”.</p></content></subsection><subsection eId="section-58-5"><num>(5)</num><intro><p>In paragraph 1C, omit—</p></intro><level class="para1" eId="section-58-5-a"><num>(a)</num><content><p>“abridgment or”;</p></content></level><level class="para1" eId="section-58-5-b"><num>(b)</num><content><p>“1A or”.</p></content></level></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-58-1"><num>(1)</num><content><p>Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations 2008 (<ref eId="c00006" href="http://www.legislation.gov.uk/id/uksi/2008/409">S.I. 2008/409</ref>) (Companies Act individual accounts) is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-58-2"><num>(2)</num><content><p>In paragraph 1(3), omit “Subject to paragraph 1A”.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-58-3"><num>(3)</num><content><p>Omit paragraph 1A (abridged accounts).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-58-4"><num>(4)</num><content><p>In paragraph 1B(2), omit “, otherwise than pursuant to paragraph 1A(2),”.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-58-5"><num>(5)</num><intro><p>In paragraph 1C, omit—</p></intro><level class="para1" eId="section-58-5-a"><num>(a)</num><content><p>“abridgment or”;</p></content></level><level class="para1" eId="section-58-5-b"><num>(b)</num><content><p>“1A or”.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-5-a"><num>(a)</num><content><p>“abridgment or”;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-5-b"><num>(b)</num><content><p>“1A or”.</p></content></level>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-confirmation-statements"><heading>Confirmation statements</heading><section eId="section-59"><num>59</num><heading>Confirmation statements</heading><subsection eId="section-59-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-59-2"><num>(2)</num><intro><p>In section 853A (duty to deliver confirmation statements)—</p></intro><level class="para1" eId="section-59-2-a"><num>(a)</num><content><p><mod>in subsection (1), for paragraph (b) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e7941"><num>(b)</num><intro><p>a statement (a “confirmation statement”) confirming—</p></intro><level class="para2" eId="d28e7947"><num>(i)</num><content><p>that the company has delivered to the registrar, or is delivering to the registrar at the same time as the confirmation statement, all of the information that it is required to deliver in relation to the confirmation period concerned under any duty to notify a relevant event (see section 853B),</p></content></level><level class="para2" eId="d28e7953"><num>(ii)</num><content><p>that the company is delivering to the registrar at the same time as the confirmation statement any information that it is required to deliver by virtue of a duty imposed by any of sections <ref href="#d28e8026">853BA</ref> to 853H, and</p></content></level><level class="para2"><num>(iii)</num><content><p>in the case of a company’s first statement under this paragraph, that the company has delivered to the registrar, or is delivering to the registrar at the same time as the confirmation statement, any information that it is required to deliver under section <ref href="#d28e32911">167I</ref>, <ref href="#d28e33369">279I</ref> or <ref href="#d28e35136">790LG</ref> (pre-incorporation changes).</p></content></level></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-59-2-b"><num>(b)</num><content><p>omit subsection (2);</p></content></level><level class="para1" eId="section-59-2-c"><num>(c)</num><content><p><mod>for subsections (7) and (8), substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7)</num><content><p>For the purpose of making a confirmation statement a company is entitled to assume that information that has been delivered to the registrar has been properly delivered unless the registrar has notified the company otherwise.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-59-3"><num>(3)</num><content><p><mod>In section 853K (confirmation statements: power to make further provision by regulations), in subsection (3), for “section 853A(2)” substitute <quotedText>“section 853A(1)<ref href="#d28e7941">(b)</ref>”</quotedText>.</mod></p></content></subsection></section><section eId="section-60"><num>60</num><heading>Duty to confirm lawful purposes</heading><content><p><mod>After section 853B of the Companies Act 2006 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e8026"><num>853BA</num><heading>Duty to confirm lawful purpose</heading><content><p>Where a company makes a confirmation statement it must at the same time deliver to the registrar a statement that the intended future activities of the company are lawful.</p></content></section></quotedStructure></mod></p></content></section><section eId="section-61"><num>61</num><heading>Duty to notify a change in company’s principal business activities</heading><content><p><mod>In section 853C of the Companies Act 2006 (duty to notify a change in company’s principal business activities), after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><intro><p>This section also applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a company makes its first confirmation statement, and</p></content></level><level class="para1"><num>(b)</num><content><p>by the time of its incorporation, the company’s principal business activities had changed from those specified in the statement under section 9(5)(c).</p></content></level></subsection></quotedStructure></mod></p></content></section><section eId="section-62"><num>62</num><heading>Duty to deliver information about exemption from Part 21A</heading><content><p><mod>In section 853H of the Companies Act 2006 (duty to deliver information about exemption from Part 21A), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>The statement under subsection (2) must specify—</p></intro><level class="para1"><num>(a)</num><content><p>whether the company falls within the description specified in section 790B(1)(a) or a description specified in regulations under section 790B(1)(b), and</p></content></level><level class="para1"><num>(b)</num><content><p>if it falls within a description specified in regulations under section 790B(1)(b), what that description is.</p></content></level></subsection></quotedStructure></mod></p></content></section><section eId="section-63"><num>63</num><heading>Confirmation statements: offences</heading><subsection eId="section-63-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-63-2"><num>(2)</num><intro><p>In section 853J (power to amend duties to deliver certain information), in subsection (4)(a)—</p></intro><level class="para1" eId="section-63-2-a"><num>(a)</num><content><p><mod>at the end of sub-paragraph (i) insert <quotedText>“and”</quotedText>;</mod></p></content></level><level class="para1" eId="section-63-2-b"><num>(b)</num><content><p><mod>for sub-paragraphs (ii) to (iv) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para2"><num>(ii)</num><content><p>every officer of the company who is in default;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subsection><subsection eId="section-63-3"><num>(3)</num><intro><p>In section 853L (failure to deliver confirmation statement)—</p></intro><level class="para1" eId="section-63-3-a"><num>(a)</num><intro><p>in subsection (1)—</p></intro><level class="para2" eId="section-63-3-a-i"><num>(i)</num><content><p><mod>at the end of paragraph (a) insert <quotedText>“and”</quotedText>;</mod></p></content></level><level class="para2" eId="section-63-3-a-ii"><num>(ii)</num><content><p><mod>for paragraphs (b) to (d) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="section-63-3-b"><num>(b)</num><content><p>omit subsection (4).</p></content></level></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-59"><num>59</num><heading>Confirmation statements</heading><subsection eId="section-59-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-59-2"><num>(2)</num><intro><p>In section 853A (duty to deliver confirmation statements)—</p></intro><level class="para1" eId="section-59-2-a"><num>(a)</num><content><p><mod>in subsection (1), for paragraph (b) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e7941"><num>(b)</num><intro><p>a statement (a “confirmation statement”) confirming—</p></intro><level class="para2" eId="d28e7947"><num>(i)</num><content><p>that the company has delivered to the registrar, or is delivering to the registrar at the same time as the confirmation statement, all of the information that it is required to deliver in relation to the confirmation period concerned under any duty to notify a relevant event (see section 853B),</p></content></level><level class="para2" eId="d28e7953"><num>(ii)</num><content><p>that the company is delivering to the registrar at the same time as the confirmation statement any information that it is required to deliver by virtue of a duty imposed by any of sections <ref href="#d28e8026">853BA</ref> to 853H, and</p></content></level><level class="para2"><num>(iii)</num><content><p>in the case of a company’s first statement under this paragraph, that the company has delivered to the registrar, or is delivering to the registrar at the same time as the confirmation statement, any information that it is required to deliver under section <ref href="#d28e32911">167I</ref>, <ref href="#d28e33369">279I</ref> or <ref href="#d28e35136">790LG</ref> (pre-incorporation changes).</p></content></level></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-59-2-b"><num>(b)</num><content><p>omit subsection (2);</p></content></level><level class="para1" eId="section-59-2-c"><num>(c)</num><content><p><mod>for subsections (7) and (8), substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7)</num><content><p>For the purpose of making a confirmation statement a company is entitled to assume that information that has been delivered to the registrar has been properly delivered unless the registrar has notified the company otherwise.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-59-3"><num>(3)</num><content><p><mod>In section 853K (confirmation statements: power to make further provision by regulations), in subsection (3), for “section 853A(2)” substitute <quotedText>“section 853A(1)<ref href="#d28e7941">(b)</ref>”</quotedText>.</mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-59-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-59-2"><num>(2)</num><intro><p>In section 853A (duty to deliver confirmation statements)—</p></intro><level class="para1" eId="section-59-2-a"><num>(a)</num><content><p><mod>in subsection (1), for paragraph (b) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e7941"><num>(b)</num><intro><p>a statement (a “confirmation statement”) confirming—</p></intro><level class="para2" eId="d28e7947"><num>(i)</num><content><p>that the company has delivered to the registrar, or is delivering to the registrar at the same time as the confirmation statement, all of the information that it is required to deliver in relation to the confirmation period concerned under any duty to notify a relevant event (see section 853B),</p></content></level><level class="para2" eId="d28e7953"><num>(ii)</num><content><p>that the company is delivering to the registrar at the same time as the confirmation statement any information that it is required to deliver by virtue of a duty imposed by any of sections <ref href="#d28e8026">853BA</ref> to 853H, and</p></content></level><level class="para2"><num>(iii)</num><content><p>in the case of a company’s first statement under this paragraph, that the company has delivered to the registrar, or is delivering to the registrar at the same time as the confirmation statement, any information that it is required to deliver under section <ref href="#d28e32911">167I</ref>, <ref href="#d28e33369">279I</ref> or <ref href="#d28e35136">790LG</ref> (pre-incorporation changes).</p></content></level></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-59-2-b"><num>(b)</num><content><p>omit subsection (2);</p></content></level><level class="para1" eId="section-59-2-c"><num>(c)</num><content><p><mod>for subsections (7) and (8), substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7)</num><content><p>For the purpose of making a confirmation statement a company is entitled to assume that information that has been delivered to the registrar has been properly delivered unless the registrar has notified the company otherwise.</p></content></subsection></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-59-2-a"><num>(a)</num><content><p><mod>in subsection (1), for paragraph (b) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e7941"><num>(b)</num><intro><p>a statement (a “confirmation statement”) confirming—</p></intro><level class="para2" eId="d28e7947"><num>(i)</num><content><p>that the company has delivered to the registrar, or is delivering to the registrar at the same time as the confirmation statement, all of the information that it is required to deliver in relation to the confirmation period concerned under any duty to notify a relevant event (see section 853B),</p></content></level><level class="para2" eId="d28e7953"><num>(ii)</num><content><p>that the company is delivering to the registrar at the same time as the confirmation statement any information that it is required to deliver by virtue of a duty imposed by any of sections <ref href="#d28e8026">853BA</ref> to 853H, and</p></content></level><level class="para2"><num>(iii)</num><content><p>in the case of a company’s first statement under this paragraph, that the company has delivered to the registrar, or is delivering to the registrar at the same time as the confirmation statement, any information that it is required to deliver under section <ref href="#d28e32911">167I</ref>, <ref href="#d28e33369">279I</ref> or <ref href="#d28e35136">790LG</ref> (pre-incorporation changes).</p></content></level></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-59-2-b"><num>(b)</num><content><p>omit subsection (2);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-59-2-c"><num>(c)</num><content><p><mod>for subsections (7) and (8), substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7)</num><content><p>For the purpose of making a confirmation statement a company is entitled to assume that information that has been delivered to the registrar has been properly delivered unless the registrar has notified the company otherwise.</p></content></subsection></quotedStructure></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-59-3"><num>(3)</num><content><p><mod>In section 853K (confirmation statements: power to make further provision by regulations), in subsection (3), for “section 853A(2)” substitute <quotedText>“section 853A(1)<ref href="#d28e7941">(b)</ref>”</quotedText>.</mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-60"><num>60</num><heading>Duty to confirm lawful purposes</heading><content><p><mod>After section 853B of the Companies Act 2006 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e8026"><num>853BA</num><heading>Duty to confirm lawful purpose</heading><content><p>Where a company makes a confirmation statement it must at the same time deliver to the registrar a statement that the intended future activities of the company are lawful.</p></content></section></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-61"><num>61</num><heading>Duty to notify a change in company’s principal business activities</heading><content><p><mod>In section 853C of the Companies Act 2006 (duty to notify a change in company’s principal business activities), after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><intro><p>This section also applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a company makes its first confirmation statement, and</p></content></level><level class="para1"><num>(b)</num><content><p>by the time of its incorporation, the company’s principal business activities had changed from those specified in the statement under section 9(5)(c).</p></content></level></subsection></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-62"><num>62</num><heading>Duty to deliver information about exemption from Part 21A</heading><content><p><mod>In section 853H of the Companies Act 2006 (duty to deliver information about exemption from Part 21A), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>The statement under subsection (2) must specify—</p></intro><level class="para1"><num>(a)</num><content><p>whether the company falls within the description specified in section 790B(1)(a) or a description specified in regulations under section 790B(1)(b), and</p></content></level><level class="para1"><num>(b)</num><content><p>if it falls within a description specified in regulations under section 790B(1)(b), what that description is.</p></content></level></subsection></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-63"><num>63</num><heading>Confirmation statements: offences</heading><subsection eId="section-63-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-63-2"><num>(2)</num><intro><p>In section 853J (power to amend duties to deliver certain information), in subsection (4)(a)—</p></intro><level class="para1" eId="section-63-2-a"><num>(a)</num><content><p><mod>at the end of sub-paragraph (i) insert <quotedText>“and”</quotedText>;</mod></p></content></level><level class="para1" eId="section-63-2-b"><num>(b)</num><content><p><mod>for sub-paragraphs (ii) to (iv) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para2"><num>(ii)</num><content><p>every officer of the company who is in default;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subsection><subsection eId="section-63-3"><num>(3)</num><intro><p>In section 853L (failure to deliver confirmation statement)—</p></intro><level class="para1" eId="section-63-3-a"><num>(a)</num><intro><p>in subsection (1)—</p></intro><level class="para2" eId="section-63-3-a-i"><num>(i)</num><content><p><mod>at the end of paragraph (a) insert <quotedText>“and”</quotedText>;</mod></p></content></level><level class="para2" eId="section-63-3-a-ii"><num>(ii)</num><content><p><mod>for paragraphs (b) to (d) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="section-63-3-b"><num>(b)</num><content><p>omit subsection (4).</p></content></level></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-63-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-63-2"><num>(2)</num><intro><p>In section 853J (power to amend duties to deliver certain information), in subsection (4)(a)—</p></intro><level class="para1" eId="section-63-2-a"><num>(a)</num><content><p><mod>at the end of sub-paragraph (i) insert <quotedText>“and”</quotedText>;</mod></p></content></level><level class="para1" eId="section-63-2-b"><num>(b)</num><content><p><mod>for sub-paragraphs (ii) to (iv) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para2"><num>(ii)</num><content><p>every officer of the company who is in default;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-63-2-a"><num>(a)</num><content><p><mod>at the end of sub-paragraph (i) insert <quotedText>“and”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-63-2-b"><num>(b)</num><content><p><mod>for sub-paragraphs (ii) to (iv) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para2"><num>(ii)</num><content><p>every officer of the company who is in default;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-63-3"><num>(3)</num><intro><p>In section 853L (failure to deliver confirmation statement)—</p></intro><level class="para1" eId="section-63-3-a"><num>(a)</num><intro><p>in subsection (1)—</p></intro><level class="para2" eId="section-63-3-a-i"><num>(i)</num><content><p><mod>at the end of paragraph (a) insert <quotedText>“and”</quotedText>;</mod></p></content></level><level class="para2" eId="section-63-3-a-ii"><num>(ii)</num><content><p><mod>for paragraphs (b) to (d) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="section-63-3-b"><num>(b)</num><content><p>omit subsection (4).</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-63-3-a"><num>(a)</num><intro><p>in subsection (1)—</p></intro><level class="para2" eId="section-63-3-a-i"><num>(i)</num><content><p><mod>at the end of paragraph (a) insert <quotedText>“and”</quotedText>;</mod></p></content></level><level class="para2" eId="section-63-3-a-ii"><num>(ii)</num><content><p><mod>for paragraphs (b) to (d) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-63-3-a-i"><num>(i)</num><content><p><mod>at the end of paragraph (a) insert <quotedText>“and”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="section-63-3-a-ii"><num>(ii)</num><content><p><mod>for paragraphs (b) to (d) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-63-3-b"><num>(b)</num><content><p>omit subsection (4).</p></content></level>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-identity-verification"><heading>Identity verification</heading><section eId="section-64"><num>64</num><heading>Identity verification of persons with significant control</heading><subsection eId="section-64-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-64-2"><num>(2)</num><content><p><mod>In section 790J (power to make exemptions), in subsection (2)(e), after “<ref href="#d28e35155">790LH</ref>” (inserted by Schedule 2 to this Act) insert <quotedText>“and <ref href="#d28e8230">790LM</ref> to <ref href="#d28e8999">790LS</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-64-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e35351">790LL</ref> (inserted by Schedule 2 to this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Identity verification obligations for persons with significant control</heading><section eId="d28e8230"><num>790LM</num><heading>Initial identity verification: registrable persons</heading><subsection><num>(1)</num><content><p>This section applies in the following cases.</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>Case 1 is where—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>a company is incorporated in pursuance of an application for registration containing a statement under section 12A(1)(a) naming a person as someone who will, on the company’s incorporation, become a registrable person (“the registrable person”),</p></item><item><num>(b)</num><p>the application does not include a statement under section <ref href="#d28e975">12B</ref><ref href="#d28e985">(2)</ref> in respect of the registrable person or it appears to the registrar that the statement is false, and</p></item><item><num>(c)</num><p>the company has not given a notice under section <ref href="#d28e35136">790LG</ref><ref href="#d28e35140">(1)</ref> in respect of the person.</p></item></blockList></item><item><p>Case 2 is where—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>the registrar is notified under section <ref href="#d28e35087">790LF</ref> that a person has become a registrable person in relation to a company (“the registrable person”), and</p></item><item><num>(b)</num><p>the notice does not include a statement under section <ref href="#d28e34846">790LB</ref><ref href="#d28e34850">(1)</ref> or it appears to the registrar that the statement is false.</p></item></blockList></item></blockList></content></subsection><subsection eId="d28e8289"><num>(2)</num><content><p>The registrar must direct the registrable person to deliver to the registrar, within the period of 14 days beginning with the date of the direction, a statement confirming that the person’s identity is verified (see section 1110A).</p></content></subsection><subsection><num>(3)</num><content><p>The registrar may by further direction extend that period by up to 14 days at a time.</p></content></subsection><subsection><num>(4)</num><content><p>A direction under this section must be in writing.</p></content></subsection><subsection><num>(5)</num><content><p>A direction given to a person under this section lapses if notice is later given under section <ref href="#d28e35136">790LG</ref><ref href="#d28e35140">(1)</ref> in respect of that person.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-registrable-person">registrable person</term>” does not include a person mentioned in section 790C(12)(a) to (d).</p></content></subsection></section><section eId="d28e8330"><num>790LN</num><heading>Initial identity verification for registrable persons: transitional cases</heading><subsection><num>(1)</num><intro><p>A person must deliver to the registrar the statement required by this section if the person—</p></intro><level class="para1"><num>(a)</num><content><p>is a registrable person in relation to a company at any time during the appointed day, and</p></content></level><level class="para1"><num>(b)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>became a registrable person on the incorporation of the company in pursuance of an application for registration delivered before section <ref href="#d28e975">12B</ref><ref href="#d28e985">(2)</ref> came fully into force, or</p></content></level><level class="para2"><num>(ii)</num><content><p>became a registrable person, otherwise than on the incorporation of the company, before the day on which section <ref href="#d28e34846">790LB</ref><ref href="#d28e34850">(1)</ref> came fully into force.</p></content></level></level></subsection><subsection><num>(2)</num><content><p>The statement required by this section is a statement confirming that person’s identity is verified (see section 1110A).</p></content></subsection><subsection><num>(3)</num><content><p>A statement required by this section must be delivered within the period of 14 days beginning with the appointed day.</p></content></subsection><subsection><num>(4)</num><content><p>But the registrar may by direction in writing extend that period by up to 14 days at a time.</p></content></subsection><subsection><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-appointed-day">the appointed day</term>” means such day as the Secretary of State may by regulations appoint for the purposes of this section;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registrable-person">registrable person</term>” does not include a person mentioned in section 790C(12)(a) to (d).</p></content></hcontainer></subsection><subsection><num>(6)</num><content><p>The appointed day must not be before sections <ref href="#d28e975">12B</ref><ref href="#d28e985">(2)</ref> and <ref href="#d28e34846">790LB</ref><ref href="#d28e34850">(1)</ref> have been brought fully into force.</p></content></subsection></section><section eId="d28e8432"><num>790LO</num><heading>Initial identity verification: registrable relevant legal entities</heading><subsection><num>(1)</num><content><p>This section applies in the following cases.</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>Case 1 is where—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>a company is incorporated in pursuance of an application for registration containing a statement under section 12A(1)(a) naming a person as a person who will, on the company’s incorporation become a registrable relevant legal entity (“the entity”),</p></item><item><num>(b)</num><p>the application does not include a statement under section <ref href="#d28e975">12B</ref><ref href="#d28e991">(3)</ref> in respect of the entity, or is not accompanied by a statement under section <ref href="#d28e975">12B</ref><ref href="#d28e1014">(4)</ref> by the person whose name is specified in the statement under section <ref href="#d28e975">12B</ref><ref href="#d28e991">(3)</ref>, or it appears to the registrar that either statement is false, and</p></item><item><num>(c)</num><p>the company has not given a notice under section <ref href="#d28e35136">790LG</ref><ref href="#d28e35140">(1)</ref> in respect of the entity.</p></item></blockList></item><item><p>Case 2 is where—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>the registrar is notified under section 790LA that a person has become a registrable relevant legal entity in relation to a company (“the entity”), and</p></item><item><num>(b)</num><p>the notice does not include a statement under section <ref href="#d28e34846">790LB</ref><ref href="#d28e34856">(2)</ref>, or it is not accompanied by a statement under section <ref href="#d28e34846">790LB</ref><ref href="#d28e34874">(3)</ref>, or it appears to the registrar that either statement is false.</p></item></blockList></item></blockList></content></subsection><subsection eId="d28e8503"><num>(2)</num><intro><p>The registrar must direct the entity to deliver to the registrar, within the period of 28 days beginning with the date of the direction—</p></intro><level class="para1" eId="d28e8509"><num>(a)</num><intro><p>a statement by the entity that—</p></intro><level class="para2" eId="d28e8515"><num>(i)</num><content><p>specifies the name of one of its relevant officers who is an individual and whose identity is verified, and</p></content></level><level class="para2"><num>(ii)</num><content><p>confirms that the individual’s identity is verified, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>a statement by the individual confirming that the individual is a relevant officer of the entity.</p></content></level></subsection><subsection><num>(3)</num><content><p>The registrar may by further direction extend that period by up to 28 days at a time.</p></content></subsection><subsection><num>(4)</num><content><p>A direction under this section must be in writing.</p></content></subsection><subsection><num>(5)</num><content><p>A direction given to an entity under this section lapses if notice is later given under section <ref href="#d28e35136">790LG</ref><ref href="#d28e35140">(1)</ref> in respect of that entity.</p></content></subsection><subsection eId="d28e8556"><num>(6)</num><intro><p>In subsection <ref href="#d28e8503">(2)</ref> “relevant officer”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to a company, means a director;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to a legal entity the affairs of which are managed by its members, means one of those members;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to any other legal entity, means an officer of the entity whose functions correspond to that of a director of a company.</p></content></level></subsection></section><section eId="d28e8586"><num>790LP</num><heading>Initial identity verification in respect of registrable relevant legal entities: transitional cases</heading><subsection><num>(1)</num><intro><p>A person must deliver to the registrar the statements required by this section if the person—</p></intro><level class="para1"><num>(a)</num><content><p>is a registrable relevant legal entity in relation to a company at any time during the appointed day, and</p></content></level><level class="para1"><num>(b)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>became a registrable relevant legal entity on the incorporation of the company in pursuance of an application for registration delivered before section <ref href="#d28e975">12B</ref><ref href="#d28e991">(3)</ref> and <ref href="#d28e1014">(4)</ref> came fully into force, or</p></content></level><level class="para2"><num>(ii)</num><content><p>became a registrable relevant legal entity, otherwise than on the incorporation of the company, before section <ref href="#d28e34846">790LB</ref><ref href="#d28e34856">(2)</ref> and <ref href="#d28e34874">(3)</ref> came fully into force.</p></content></level></level></subsection><subsection eId="d28e8636"><num>(2)</num><intro><p>The statements are—</p></intro><level class="para1"><num>(a)</num><intro><p>a statement by the entity that—</p></intro><level class="para2"><num>(i)</num><content><p>specifies the name of one of its relevant officers who is an individual and whose identity is verified, and</p></content></level><level class="para2"><num>(ii)</num><content><p>confirms that the individual’s identity is verified, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>a statement by the individual confirming that the individual is a relevant officer of the entity.</p></content></level></subsection><subsection><num>(3)</num><content><p>The statements required by this section must be delivered within the period of 28 days beginning with the appointed day.</p></content></subsection><subsection><num>(4)</num><content><p>But the registrar may by direction in writing extend that period by up to 28 days at a time.</p></content></subsection><subsection><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-appointed-day">the appointed day</term>” means such day as the Secretary of State may by regulations appoint for the purposes of this section;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-officer">relevant officer</term>” has the meaning given by section <ref href="#d28e8432">790LO</ref><ref href="#d28e8556">(6)</ref>.</p></content></hcontainer></subsection><subsection><num>(6)</num><content><p>The appointed day must not be before sections <ref href="#d28e975">12B</ref><ref href="#d28e991">(3)</ref> and <ref href="#d28e1014">(4)</ref> and <ref href="#d28e34846">790LB</ref><ref href="#d28e34856">(2)</ref> and <ref href="#d28e34874">(3)</ref> have been brought fully into force.</p></content></subsection></section><section eId="d28e8729"><num>790LQ</num><heading>Registrable persons: duty to maintain verified identity status</heading><subsection eId="d28e8733"><num>(1)</num><content><p>A registrable person in relation to a company must ensure that, throughout the relevant period, they maintain the status of a person whose identity is verified (see section 1110A).</p></content></subsection><subsection><num>(2)</num><intro><p>In this section “<term refersTo="#term-the-relevant-period">the relevant period</term>” means the period—</p></intro><level class="para1"><num>(a)</num><intro><p>beginning with—</p></intro><level class="para2"><num>(i)</num><content><p>the incorporation of the company, in a case where the person became a registrable person on its incorporation and the application for registration of the company included a statement under section <ref href="#d28e975">12B</ref><ref href="#d28e985">(2)</ref> in respect of the person,</p></content></level><level class="para2"><num>(ii)</num><content><p>the delivery to the registrar of a statement in respect of the person under section <ref href="#d28e34846">790LB</ref><ref href="#d28e34850">(1)</ref>, in a case where the person became a registrable person after the incorporation of the company and such a statement was delivered to the registrar,</p></content></level><level class="para2"><num>(iii)</num><content><p>the expiry of the period for complying with the direction under section <ref href="#d28e8230">790LM</ref>, in a case where a direction under that section is given to the person, and</p></content></level><level class="para2"><num>(iv)</num><content><p>the expiry of the period for complying with section <ref href="#d28e8330">790LN</ref>, in a case where that section applies to the person, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>ending on the giving of a notice to the registrar under section <ref href="#d28e35087">790LF</ref> that the person has ceased to be a registrable person in relation to the company.</p></content></level></subsection><subsection><num>(3)</num><content><p>In this section “<term refersTo="#term-registrable-person">registrable person</term>” does not include a person mentioned in section 790C(12)(a) to (d).</p></content></subsection></section><section eId="d28e8815"><num>790LR</num><heading>Registrable relevant legal entities: duty to maintain registered officer whose identity is verified</heading><subsection eId="d28e8819"><num>(1)</num><intro><p>A registrable relevant legal entity in relation to a company must ensure that, throughout the relevant period, its registered officer—</p></intro><level class="para1"><num>(a)</num><content><p>is a relevant officer of the entity, and</p></content></level><level class="para1" eId="d28e8831"><num>(b)</num><content><p>is an individual whose identity is verified (see section 1110A).</p></content></level></subsection><subsection><num>(2)</num><intro><p>In this section “<term refersTo="#term-registered-officer">registered officer</term>”, in relation to a registrable relevant legal entity, means—</p></intro><level class="para1"><num>(a)</num><intro><p>the person whose name is specified in—</p></intro><level class="para2"><num>(i)</num><content><p>a statement delivered to the registrar in respect of the entity under section <ref href="#d28e975">12B</ref><ref href="#d28e991">(3)</ref> or <ref href="#d28e34846">790LB</ref><ref href="#d28e34856">(2)</ref>,</p></content></level><level class="para2"><num>(ii)</num><content><p>a statement delivered to the registrar by the entity in pursuance of a direction under section <ref href="#d28e8432">790LO</ref><ref href="#d28e8503">(2)</ref>, or</p></content></level><level class="para2"><num>(iii)</num><content><p>a statement delivered to the registrar under section <ref href="#d28e8586">790LP</ref><ref href="#d28e8636">(2)</ref>,</p></content></level><wrapUp><p>unless the entity has changed its registered officer under section <ref href="#d28e8999">790LS</ref>, or</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>if the entity has changed its registered officer under section <ref href="#d28e8999">790LS</ref>, the person specified in the latest notice under that section.</p></content></level></subsection><subsection><num>(3)</num><intro><p>In this section “<term refersTo="#term-the-relevant-period">the relevant period</term>” means the period—</p></intro><level class="para1"><num>(a)</num><intro><p>beginning with—</p></intro><level class="para2"><num>(i)</num><content><p>the incorporation of the company, in a case where the entity became a relevant registrable legal entity on the incorporation of the company and the application for registration of the company included a statement under section <ref href="#d28e975">12B</ref><ref href="#d28e991">(3)</ref> in respect of the entity,</p></content></level><level class="para2"><num>(ii)</num><content><p>the delivery to the registrar of a statement in respect of the registrable relevant legal entity under section <ref href="#d28e34846">790LB</ref><ref href="#d28e34856">(2)</ref>, in a case where the entity became a relevant registrable legal entity after the incorporation of the company and such a statement was delivered to the registrar,</p></content></level><level class="para2"><num>(iii)</num><content><p>the expiry of the period for complying with the direction <ref href="#d28e8432">790LO</ref>, in a case where the entity is given a direction under that section, and</p></content></level><level class="para2"><num>(iv)</num><content><p>the expiry of the period for complying with section <ref href="#d28e8586">790LP</ref>, where that section applies to the entity, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>ending with the giving of a notice to the registrar under section <ref href="#d28e35087">790LF</ref> that the entity has ceased to be a relevant registrable legal entity in relation to the company,</p></content></level><wrapUp><p>but see subsection <ref href="#d28e8973">(4)</ref>.</p></wrapUp></subsection><subsection eId="d28e8973"><num>(4)</num><content><p>If the registered officer of a registrable relevant legal entity ceases to be a relevant officer of that entity, “<term refersTo="#term-the-relevant-period">the relevant period</term>” does not include the period of 28 days beginning with the day on which the person so ceases.</p></content></subsection><subsection eId="d28e8982"><num>(5)</num><content><p>In this section “<term refersTo="#term-relevant-officer">relevant officer</term>” has the meaning given by section <ref href="#d28e8432">790LO</ref><ref href="#d28e8556">(6)</ref>.</p></content></subsection></section><section eId="d28e8999"><num>790LS</num><heading>Registrable relevant legal entities: change of registered relevant officer</heading><subsection eId="d28e9003"><num>(1)</num><content><p>A registrable relevant legal entity may change its registered officer for the purposes of section <ref href="#d28e8815">790LR</ref> by giving notice to the registrar.</p></content></subsection><subsection><num>(2)</num><intro><p>The notice must include a statement by the entity that the new registered officer—</p></intro><level class="para1"><num>(a)</num><content><p>is a relevant officer of the entity, and</p></content></level><level class="para1" eId="d28e9024"><num>(b)</num><content><p>is an individual whose identity is verified (see section 1110A).</p></content></level></subsection><subsection eId="d28e9030"><num>(3)</num><content><p>The notice must be accompanied by a statement by the individual who is the new registered officer confirming that the individual is a relevant officer of the registrable relevant legal entity.</p></content></subsection><subsection><num>(4)</num><content><p>In this section “<term refersTo="#term-relevant-officer">relevant officer</term>” has the meaning given by section <ref href="#d28e8432">790LO</ref><ref href="#d28e8556">(6)</ref>.</p></content></subsection></section><section><num>790LT</num><heading>Offence of failing to comply with sections <ref href="#d28e8230">790LM</ref> to <ref href="#d28e8815">790LR</ref></heading><subsection><num>(1)</num><intro><p>It is an offence for a person to fail, without reasonable excuse, to comply with—</p></intro><level class="para1"><num>(a)</num><content><p>any of the following sections—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e8330">790LN</ref>;</p></item><item><p>section <ref href="#d28e8586">790LP</ref>;</p></item><item><p>section <ref href="#d28e8729">790LQ</ref>;</p></item><item><p>section <ref href="#d28e8815">790LR</ref>;</p></item></blockList></content></level><level class="para1"><num>(b)</num><content><p>a direction under section <ref href="#d28e8230">790LM</ref> or <ref href="#d28e8432">790LO</ref>.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where an offence under this section is committed by a registrable relevant legal entity, every officer of the entity who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section><section eId="section-65"><num>65</num><heading>Procedure etc for verifying identity</heading><subsection eId="section-65-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-65-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (3), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>sections <ref href="#d28e9205">1110A</ref> and <ref href="#d28e9343">1110B</ref> (identity verification),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-65-3"><num>(3)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), after paragraph (gb) (inserted by section 66 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(gc)</num><content><p>any document delivered to the registrar under regulations under section <ref href="#d28e9343">1110B</ref>;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-65-4"><num>(4)</num><content><p><mod>After section 1110 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Identity verification</heading><section eId="d28e9205"><num>1110A</num><heading>Meaning of “identity is verified”</heading><subsection><num>(1)</num><intro><p>For the purposes of this Act an individual’s “identity is verified” if—</p></intro><level class="para1"><num>(a)</num><content><p>the individual’s identity has been verified by the registrar in accordance with regulations under section <ref href="#d28e9343">1110B</ref>, or</p></content></level><level class="para1" eId="d28e9224"><num>(b)</num><content><p>a verification statement in respect of the individual has been delivered to the registrar,</p></content></level><wrapUp><p>and the individual has not, since then, ceased to be an individual whose identity is verified by virtue of regulations under subsection <ref href="#d28e9265">(6)</ref>.</p></wrapUp></subsection><subsection><num>(2)</num><content><p>A verification statement is a statement by an authorised corporate service provider confirming that it has verified an individual’s identity in accordance with regulations under section <ref href="#d28e9343">1110B</ref>.</p></content></subsection><subsection><num>(3)</num><content><p>A verification statement must also specify the authorised corporate service provider’s supervisory authority or authorities for the purposes of the Money Laundering Regulations.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State may by regulations make further provision about the contents of verification statements (including provision amending this section).</p></content></subsection><subsection><num>(5)</num><content><p>Where a person is required or authorised by any other provision to deliver a statement to the registrar that an individual’s identity is verified, that statement may be delivered at the same time as the verification statement by virtue of which the individual becomes someone whose identity is verified under subsection <ref href="#d28e9224">(1)(b)</ref>.</p></content></subsection><subsection eId="d28e9265"><num>(6)</num><content><p>The Secretary of State may by regulations provide for circumstances in which someone ceases to be an individual whose identity is verified.</p></content></subsection><subsection><num>(7)</num><intro><p>The provision that can be made under subsection <ref href="#d28e9265">(6)</ref> includes—</p></intro><level class="para1"><num>(a)</num><content><p>provision to confer a discretion on the registrar;</p></content></level><level class="para1"><num>(b)</num><intro><p>provision that someone ceases to be an individual whose identity is verified unless, within a specified period of time—</p></intro><level class="para2"><num>(i)</num><content><p>their identity is reverified by the registrar in accordance with regulations under section <ref href="#d28e9343">1110B</ref>, or</p></content></level><level class="para2"><num>(ii)</num><content><p>an authorised corporate service provider delivers to the registrar a statement: (A) confirming that it has reverified the individual’s identity in accordance with regulations under section <ref href="#d28e9343">1110B</ref>, (B) specifying the authorised corporate service provider’s supervisory authority or authorities for the purposes of the Money Laundering Regulations, and (C) containing anything else required by the regulations.</p></content></level></level></subsection><subsection><num>(8)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(9)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-money-laundering-regulations">Money Laundering Regulations</term>” means the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (<ref eId="c00007" href="http://www.legislation.gov.uk/id/uksi/2017/692">S.I. 2017/692</ref>);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-supervisory-authority">supervisory authority</term>” means an authority that is a supervisory authority under the Money Laundering Regulations (see regulation 7 of those Regulations).</p></content></hcontainer></subsection></section><section eId="d28e9343"><num>1110B</num><heading>Verification requirements</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision for and in connection with verification or reverification of an individual’s identity for the purposes of this Act by the registrar or by an authorised corporate service provider.</p></content></subsection><subsection><num>(2)</num><intro><p>The regulations may, in particular, make provision about—</p></intro><level class="para1"><num>(a)</num><content><p>the procedure for verifying or reverifying an individual’s identity, including the evidence required;</p></content></level><level class="para1" eId="d28e9365"><num>(b)</num><content><p>the records that a person who is or has been an authorised corporate service provider is required to keep in connection with the verification or reverification of an individual’s identity.</p></content></level></subsection><subsection><num>(3)</num><content><p>The regulations may create offences in relation to failures to comply with requirements imposed by virtue of subsection <ref href="#d28e9365">(2)(b)</ref>.</p></content></subsection><subsection><num>(4)</num><intro><p>The regulations must provide for any such offence to be punishable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, by imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, by imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, by imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum;</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, by imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum.</p></content></level></level></subsection><subsection><num>(5)</num><content><p>The provision that can be made in regulations under this section includes provision conferring a discretion on the registrar, including provision conferring power to impose requirements by registrar’s rules.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-65-5"><num>(5)</num><content><p><mod>In Schedule 8 (index of defined expressions), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:70%"/><default:col span="1" style="width:30%"/><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">identity is verified</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">section <ref href="#d28e9205">1110A</ref></p></default:td></default:tr></default:tbody></default:table></foreign></tblock></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-66"><num>66</num><heading>Authorisation of corporate service providers</heading><subsection eId="section-66-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-66-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (3), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>sections <ref href="#d28e9524">1098A</ref> to <ref href="#d28e10158">1098H</ref> (authorised corporate service providers),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-66-3"><num>(3)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), after paragraph (ga) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e9491"><num>(gb)</num><content><p>any application or other document delivered to the registrar under section <ref href="#d28e9563">1098B</ref>, <ref href="#d28e9854">1098D</ref> or <ref href="#d28e9933">1098E</ref> or regulations under section <ref href="#d28e10086">1098G</ref> (authorised corporate service providers);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-66-4"><num>(4)</num><content><p><mod>After section 1098 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Authorised corporate service providers</heading><section eId="d28e9524"><num>1098A</num><heading>Meaning of “authorised corporate service provider”</heading><intro><p>In this Act “<term refersTo="#term-authorised-corporate-service-provider">authorised corporate service provider</term>” means a person—</p></intro><level class="para1"><num>(a)</num><content><p>whose application to the registrar to become an authorised corporate service provider for the purposes of this Act has been granted (see section <ref href="#d28e9563">1098B</ref>),</p></content></level><level class="para1"><num>(b)</num><content><p>who has not since ceased to be an authorised corporate service provider by virtue of section <ref href="#d28e9993">1098F</ref>, and</p></content></level><level class="para1"><num>(c)</num><content><p>whose status as an authorised corporate service provider is not for the time being suspended by virtue of section <ref href="#d28e9993">1098F</ref>.</p></content></level></section><section eId="d28e9563"><num>1098B</num><heading>Application to become authorised corporate service provider</heading><subsection><num>(1)</num><intro><p>A person may apply to the registrar to become an authorised corporate service provider for the purposes of this Act if—</p></intro><level class="para1" eId="d28e9573"><num>(a)</num><content><p>the person is a relevant person as defined by regulation 8(1) of the Money Laundering Regulations,</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of an individual, their identity is verified (see section <ref href="#d28e9205">1110A</ref>), and</p></content></level><level class="para1" eId="d28e9588"><num>(c)</num><content><p>the person meets any other requirements imposed by regulations made by the Secretary of State for the purposes of this paragraph.</p></content></level></subsection><subsection eId="d28e9594"><num>(2)</num><intro><p>An application under this section must contain—</p></intro><level class="para1"><num>(a)</num><content><p>the name of the applicant’s supervisory authority or authorities for the purposes of the Money Laundering Regulations,</p></content></level><level class="para1"><num>(b)</num><content><p>the required information about the applicant (see section <ref href="#d28e9727">1098C</ref>), and</p></content></level><level class="para1" eId="d28e9615"><num>(c)</num><content><p>in the case of an application by an individual, a statement that the individual’s identity is verified (see section 1110A).</p></content></level><wrapUp><p>(See also section <ref href="#d28e9854">1098D</ref>, which imposes restrictions on who may deliver an application under this section on behalf of a firm.)</p></wrapUp></subsection><subsection eId="d28e9627"><num>(3)</num><content><p>Where an application is made under this section, the registrar must check with the supervisory authority, or at least one of the supervisory authorities, specified in the application, to find out whether the applicant is known to and supervised by that authority.</p></content></subsection><subsection eId="d28e9633"><num>(4)</num><intro><p>Having carried out that check, the registrar must grant the application if—</p></intro><level class="para1"><num>(a)</num><content><p>the supervisory authority, or at least one of the supervisory authorities, specified in the application has confirmed that the applicant is known to and supervised by that authority,</p></content></level><level class="para1"><num>(b)</num><content><p>where the applicant is an individual, the registrar is satisfied that their identity is verified (see section <ref href="#d28e9205">1110A</ref>),</p></content></level><level class="para1" eId="d28e9654"><num>(c)</num><content><p>any other conditions that may be specified by regulations made by the Secretary of State for the purposes of this paragraph are met, and</p></content></level><level class="para1"><num>(d)</num><content><p>the registrar is not required by subsection <ref href="#d28e9669">(5)</ref> to refuse the application.</p></content></level></subsection><subsection eId="d28e9669"><num>(5)</num><content><p>The registrar must refuse the application if it appears to the registrar that the applicant is not a fit and proper person to carry out the functions of an authorised corporate service provider.</p></content></subsection><subsection><num>(6)</num><content><p>The provision that can be made in regulations under subsection <ref href="#d28e9654">(4)(c)</ref> includes provision conferring a discretion on the registrar.</p></content></subsection><subsection><num>(7)</num><content><p>Regulations under subsection <ref href="#d28e9588">(1)(c)</ref> or <ref href="#d28e9654">(4)(c)</ref> are subject to affirmative resolution procedure.</p></content></subsection><subsection eId="d28e9696"><num>(8)</num><intro><p>For the purposes of this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-money-laundering-regulations">Money Laundering Regulations</term>” means the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (<ref eId="c00008" href="http://www.legislation.gov.uk/id/uksi/2017/692">S.I. 2017/692</ref>);</p></content></hcontainer><hcontainer name="definition"><content><p>“supervised”: a person is supervised by a supervisory authority if regulation 7(1) of the Money Laundering Regulations provides that it is a supervisory authority for that person;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-supervisory-authority">supervisory authority</term>” means an authority that is a supervisory authority under the Money Laundering Regulations (see regulation 7 of those Regulations).</p></content></hcontainer></subsection></section><section eId="d28e9727"><num>1098C</num><heading>The required information about an applicant</heading><subsection eId="d28e9731"><num>(1)</num><intro><p>The “required information” about the applicant, in the case of a firm that is applying to become an authorised corporate service provider, means—</p></intro><level class="para1"><num>(a)</num><content><p>firm name,</p></content></level><level class="para1"><num>(b)</num><content><p>principal office,</p></content></level><level class="para1"><num>(c)</num><content><p>a service address,</p></content></level><level class="para1"><num>(d)</num><content><p>an email address,</p></content></level><level class="para1"><num>(e)</num><content><p>the legal form of the firm and the law by which it is governed, and</p></content></level><level class="para1"><num>(f)</num><content><p>if applicable, the register in which it is entered (including details of the state) and its registration number in that register.</p></content></level></subsection><subsection eId="d28e9773"><num>(2)</num><intro><p>The “required information” about the applicant, in the case of an individual who is applying to become an authorised corporate service provider, means—</p></intro><level class="para1" eId="d28e9779"><num>(a)</num><content><p>name, nationality and date of birth,</p></content></level><level class="para1"><num>(b)</num><content><p>a service address,</p></content></level><level class="para1"><num>(c)</num><content><p>an email address, and</p></content></level><level class="para1"><num>(d)</num><content><p>the part of the United Kingdom in which the person is usually resident or, if the person is usually resident in a country or state outside the United Kingdom, that country or state.</p></content></level></subsection><subsection><num>(3)</num><content><p>In subsection <ref href="#d28e9779">(2)(a)</ref> “<term refersTo="#term-name">name</term>” means forename and surname.</p></content></subsection><subsection eId="d28e9815"><num>(4)</num><content><p>Where the applicant is a peer or an individual usually known by a title, the requirement for the application to contain their name may be satisfied by providing that title instead of the individual’s forename and surname.</p></content></subsection><subsection><num>(5)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>amend this section so as to change the required information about the applicant in the case of a firm or individual applying to become an authorised corporate service provider;</p></content></level><level class="para1"><num>(b)</num><content><p>repeal subsection <ref href="#d28e9815">(4)</ref>.</p></content></level></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section eId="d28e9854"><num>1098D</num><heading>Delivery of applications under section <ref href="#d28e9563">1098B</ref> on behalf of a firm</heading><intro><p>An application under section <ref href="#d28e9563">1098B</ref> by a firm mentioned in the first column of the table—</p></intro><level class="para1"><num>(a)</num><content><p>must be delivered to the registrar on its behalf by a relevant officer mentioned in the second column who is an individual (see also section 1067A(2)), and</p></content></level><level class="para1"><num>(b)</num><content><p>must be accompanied by a statement by the individual confirming their status as a relevant officer of the firm.</p></content></level><wrapUp><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:44%"/><default:col span="1" style="width:56%"/><default:thead><default:tr><default:th><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Firm</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Relevant officer</p></default:th></default:tr></default:thead><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-color="black" fo:border-top-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">company</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">director</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">body corporate other than a company</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-left-width="0.5pt" fo:border-left-style="solid"><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>where the body’s affairs are managed by its members, a member of the body;</p></item><item><num>(b)</num><p>in any other case, any officer of the body whose functions correspond to that of a director of a company.</p></item></blockList></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">partnership</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-left-width="0.5pt" fo:border-left-style="solid"><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>in relation to a limited partnership, a general partner as defined by section 3 of the Limited Partnerships Act 1907;</p></item><item><num>(b)</num><p>in relation to any other partnership, a member of the partnership</p></item></blockList></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">unincorporated body other than a partnership</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-left-width="0.5pt" fo:border-left-style="solid"><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>where the body’s affairs are managed by its members, a member of the body;</p></item><item><num>(b)</num><p>in any other case, a member of the governing body.</p></item></blockList></default:td></default:tr></default:tbody></default:table></foreign></tblock></wrapUp></section><section eId="d28e9933"><num>1098E</num><heading>Updating duties of authorised corporate service providers</heading><subsection><num>(1)</num><content><p>A person who is an authorised corporate service provider must notify the registrar of any change in its supervisory authority or authorities for the purposes of the Money Laundering Regulations within the period of 14 days beginning with the date on which the change occurs.</p></content></subsection><subsection><num>(2)</num><content><p>Where the change is the result of an agreement under regulation 7(2) of the Money Laundering Regulations, for the purposes of this section the change is not to be treated as having occurred until the authority that has agreed to act notifies the person or publishes the agreement under regulation 7(3).</p></content></subsection><subsection eId="d28e9949"><num>(3)</num><content><p>A person who, without reasonable excuse, fails to comply with this section commits an offence.</p></content></subsection><subsection><num>(4)</num><content><p>Where the offence is committed by a firm, every officer of the firm who is in default also commits the offence.</p></content></subsection><subsection eId="d28e9961"><num>(5)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(6)</num><content><p>In this section “Money Laundering Regulations” and “supervisory authority” have the meanings given by section <ref href="#d28e9563">1098B</ref><ref href="#d28e9696">(8)</ref>.</p></content></subsection></section><section eId="d28e9993"><num>1098F</num><heading>Ceasing to be an authorised corporate service provider</heading><subsection eId="d28e9997"><num>(1)</num><content><p>A person ceases to be an authorised corporate service provider if the person ceases to be a relevant person as defined by regulation 8(1) of the Money Laundering Regulations.</p></content></subsection><subsection eId="d28e10003"><num>(2)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1" eId="d28e10009"><num>(a)</num><content><p>provide for other circumstances in which a person ceases to be an authorised corporate service provider, whether automatically or as a result of a decision taken by the registrar;</p></content></level><level class="para1"><num>(b)</num><content><p>provide for circumstances in which the registrar may suspend a person’s status as an authorised corporate service provider pending a decision by the registrar under regulations made by virtue of paragraph <ref href="#d28e10009">(a)</ref>.</p></content></level></subsection><subsection><num>(3)</num><intro><p>The provision that can be made under subsection <ref href="#d28e10003">(2)</ref> includes provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>procedure;</p></content></level><level class="para1"><num>(b)</num><content><p>the period of a suspension;</p></content></level><level class="para1"><num>(c)</num><content><p>the revocation of a suspension.</p></content></level></subsection><subsection><num>(4)</num><content><p>The provision that can be made in regulations under subsection <ref href="#d28e10003">(2)</ref> includes provision conferring a discretion on the registrar.</p></content></subsection><subsection><num>(5)</num><content><p>Regulations under subsection <ref href="#d28e10003">(2)</ref> are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-money-laundering-regulations">Money Laundering Regulations</term>” has the meaning given by section <ref href="#d28e9563">1098B</ref><ref href="#d28e9696">(8)</ref>.</p></content></subsection></section><section eId="d28e10086"><num>1098G</num><heading>Power to impose duties to provide information</heading><subsection eId="d28e10090"><num>(1)</num><content><p>The Secretary of State may by regulations require a person who is or has been an authorised corporate service provider to provide information to the registrar in accordance with the regulations (including information for the purpose of monitoring compliance with the requirements of this Act).</p></content></subsection><subsection><num>(2)</num><content><p>The provision that may be made by regulations under subsection <ref href="#d28e10090">(1)</ref> includes provision requiring information to be provided on request, on the occurrence of an event or at regular intervals.</p></content></subsection><subsection><num>(3)</num><content><p>The circumstances that may be specified under section <ref href="#d28e9993">1098F</ref><ref href="#d28e10003">(2)</ref> include failure to comply with a requirement under subsection <ref href="#d28e10090">(1)</ref>.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations under this section may create offences in relation to failures to comply with requirements imposed by the regulations.</p></content></subsection><subsection><num>(5)</num><intro><p>The regulations must provide for any such offence to be punishable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales with a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, with a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(6)</num><content><p>The provision that can be made in regulations under this section includes provision conferring a discretion on the registrar.</p></content></subsection><subsection><num>(7)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section eId="d28e10158"><num>1098H</num><heading>Power to enable authorisation of foreign corporate service providers</heading><subsection eId="d28e10162"><num>(1)</num><content><p>The Secretary of State may by regulations make provision for the purposes of enabling a person who is subject to a relevant regulatory regime under the law of a territory outside the United Kingdom to become an authorised corporate service provider, even if the person is not a relevant person as defined by regulation 8(1) of the Money Laundering Regulations.</p></content></subsection><subsection><num>(2)</num><content><p>In subsection <ref href="#d28e10162">(1)</ref> “<term refersTo="#term-relevant-regulatory-regime">relevant regulatory regime</term>” means a regulatory regime that, in the opinion of the Secretary of State, has similar objectives to the regulatory regime under the Money Laundering Regulations for relevant persons and is likely to be no less effective in achieving those objectives.</p></content></subsection><subsection><num>(3)</num><intro><p>Regulations under this section—</p></intro><level class="para1"><num>(a)</num><content><p>may amend any of sections <ref href="#d28e9563">1098B</ref> to <ref href="#d28e10086">1098G</ref> or insert new sections into this Act;</p></content></level><level class="para1"><num>(b)</num><content><p>may make consequential amendments or repeals in other provisions of this Act.</p></content></level></subsection><subsection><num>(4)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(5)</num><content><p>In this section “<term refersTo="#term-money-laundering-regulations">Money Laundering Regulations</term>” has the meaning given by section <ref href="#d28e9563">1098B</ref><ref href="#d28e9696">(8)</ref>.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-66-5"><num>(5)</num><content><p><mod>In Schedule 8 (index of defined expressions), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:70%"/><default:col span="1" style="width:30%"/><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">authorised corporate service provider</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">section <ref href="#d28e9524">1098A</ref></p></default:td></default:tr></default:tbody></default:table></foreign></tblock></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-67"><num>67</num><heading>Exemption from identity verification: national security grounds</heading><subsection eId="section-67-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-67-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (4), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e10287">1110C</ref> (identity verification: exemption on national security grounds),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-67-3"><num>(3)</num><content><p><mod>After section 1110B (inserted by section 65 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e10287"><num>1110C</num><heading>Identity verification: exemption on national security grounds etc</heading><subsection><num>(1)</num><intro><p>The Secretary of State may, by written notice given to a person, provide for one or more of the effects listed in subsection <ref href="#d28e10312">(2)</ref> to apply in relation to the person, if satisfied that to do so is necessary—</p></intro><level class="para1"><num>(a)</num><content><p>in the interests of national security, or</p></content></level><level class="para1" eId="d28e10306"><num>(b)</num><content><p>for the purposes of preventing or detecting serious crime.</p></content></level></subsection><subsection eId="d28e10312"><num>(2)</num><intro><p>The effects for which the notice may provide are that—</p></intro><level class="para1"><num>(a)</num><content><p>where a statement of proposed officers names the person as a director, section 12<ref href="#d28e685">(2A)</ref> does not require a statement under that subsection to be made in relation to the person;</p></content></level><level class="para1"><num>(b)</num><content><p>section <ref href="#d28e32750">167G</ref><ref href="#d28e32796">(3)(c)</ref> does not apply in relation to a notice of the person having become a director;</p></content></level><level class="para1"><num>(c)</num><content><p>section <ref href="#d28e5391">167M</ref><ref href="#d28e5395">(1)</ref> does not apply in relation to the person and section 167M(2) does not impose any obligation on a company in relation to the person;</p></content></level><level class="para1"><num>(d)</num><content><p>section <ref href="#d28e5488">167N</ref><ref href="#d28e5492">(1)</ref> does not apply in relation to the person;</p></content></level><level class="para1"><num>(e)</num><content><p>section 1067A does not apply in relation to the delivery of documents to the registrar by the person on their own behalf or on behalf of another;</p></content></level><level class="para1"><num>(f)</num><content><p>section 1098B(2)(c) does not apply in relation to the person.</p></content></level></subsection><subsection><num>(3)</num><intro><p>For the purposes of subsection <ref href="#d28e10306">(1)(b)</ref>—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-crime">crime</term>” means conduct which—</p></intro><level class="para2"><num>(i)</num><content><p>constitutes a criminal offence, or</p></content></level><level class="para2"><num>(ii)</num><content><p>is, or corresponds to, any conduct which, if it all took place in any one part of the United Kingdom, would constitute a criminal offence, and</p></content></level></level><level class="para1"><num>(b)</num><intro><p>crime is “serious” if—</p></intro><level class="para2"><num>(i)</num><content><p>the offence which is or would be constituted by the conduct is an offence for which the maximum sentence (in any part of the United Kingdom) is imprisonment for 3 years or more, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the conduct involves the use of violence, results in substantial financial gain or is conduct by a large number of persons in pursuit of a common purpose.</p></content></level></level></subsection></section></quotedStructure></mod></p></content></subsection></section><section eId="section-68"><num>68</num><heading>Allocation of unique identifiers</heading><subsection eId="section-68-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-68-2"><num>(2)</num><intro><p>In section 1082 (allocation of unique identifiers)—</p></intro><level class="para1" eId="section-68-2-a"><num>(a)</num><intro><p>in subsection (1)—</p></intro><level class="para2" eId="section-68-2-a-i"><num>(i)</num><content><p><mod>after “may” insert <quotedText>“by regulations”</quotedText>;</mod></p></content></level><level class="para2" eId="section-68-2-a-ii"><num>(ii)</num><content><p><mod>after “in connection with the register” insert <quotedText>“or dealings with the registrar”</quotedText>;</mod></p></content></level><level class="para2" eId="section-68-2-a-iii"><num>(iii)</num><content><p><mod>after paragraph (b) (but before the “or” at the end of that paragraph) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>is an authorised corporate service provider;</p></content></level><level class="para1"><num>(bb)</num><content><p>is an individual whose identity is verified,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="section-68-2-b"><num>(b)</num><content><p><mod>subsection (2)(c), for “a statement of the person’s name” substitute <quotedText>“any statement by or referring to the person”</quotedText>;</mod></p></content></level><level class="para1" eId="section-68-2-c"><num>(c)</num><content><p><mod>in subsection (2), for paragraph (d) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><intro><p>confer power on the registrar—</p></intro><level class="para2"><num>(i)</num><content><p>to give a person a new unique identifier;</p></content></level><level class="para2"><num>(ii)</num><content><p>to discontinue the use of a unique identifier for a person who is allocated a new identifier or who has more than one.</p></content></level></level></quotedStructure></mod></p></content></level></subsection><subsection eId="section-68-3"><num>(3)</num><content><p><mod>In section 1087 (material not available for public inspection), after paragraph (d) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(dza)</num><content><p>any statement made in accordance with regulations made by virtue of section 1082(2)(c).</p></content></level></quotedStructure></mod></p></content></subsection></section><section eId="section-69"><num>69</num><heading>Identity verification: material unavailable for public inspection</heading><intro><p>In section 1087 of the Companies Act 2006 (material unavailable for public inspection), in subsection (1)—</p></intro><level class="para1" eId="section-69-a"><num>(a)</num><content><p><mod>in the words before paragraph (a), after “not” insert <quotedText>“, so far as it forms part of the register,”</quotedText>;</mod></p></content></level><level class="para1" eId="section-69-b"><num>(b)</num><content><p><mod>after paragraph (gc) (inserted by section 65 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(gd)</num><content><p>any statement or other document delivered to the registrar by virtue of any of the following provisions (which relate to identity verification)—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 12<ref href="#d28e685">(2A)</ref>;</p></item><item><p>section <ref href="#d28e975">12B</ref><ref href="#d28e985">(2)</ref> to <ref href="#d28e1014">(4)</ref>;</p></item><item><p>section <ref href="#d28e32750">167G</ref><ref href="#d28e32796">(3)(c)</ref>;</p></item><item><p>section <ref href="#d28e34846">790LB</ref><ref href="#d28e34850">(1)</ref> to <ref href="#d28e34874">(3)</ref>;</p></item><item><p>section <ref href="#d28e8230">790LM</ref><ref href="#d28e8289">(2)</ref>;</p></item><item><p>section <ref href="#d28e8432">790LO</ref><ref href="#d28e8503">(2)</ref>;</p></item><item><p>section <ref href="#d28e8999">790LS</ref><ref href="#d28e9003">(1)</ref> to <ref href="#d28e9030">(3)</ref>;</p></item><item><p>section <ref href="#d28e11054">1067A</ref>;</p></item></blockList></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-64"><num>64</num><heading>Identity verification of persons with significant control</heading><subsection eId="section-64-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-64-2"><num>(2)</num><content><p><mod>In section 790J (power to make exemptions), in subsection (2)(e), after “<ref href="#d28e35155">790LH</ref>” (inserted by Schedule 2 to this Act) insert <quotedText>“and <ref href="#d28e8230">790LM</ref> to <ref href="#d28e8999">790LS</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-64-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e35351">790LL</ref> (inserted by Schedule 2 to this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Identity verification obligations for persons with significant control</heading><section eId="d28e8230"><num>790LM</num><heading>Initial identity verification: registrable persons</heading><subsection><num>(1)</num><content><p>This section applies in the following cases.</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>Case 1 is where—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>a company is incorporated in pursuance of an application for registration containing a statement under section 12A(1)(a) naming a person as someone who will, on the company’s incorporation, become a registrable person (“the registrable person”),</p></item><item><num>(b)</num><p>the application does not include a statement under section <ref href="#d28e975">12B</ref><ref href="#d28e985">(2)</ref> in respect of the registrable person or it appears to the registrar that the statement is false, and</p></item><item><num>(c)</num><p>the company has not given a notice under section <ref href="#d28e35136">790LG</ref><ref href="#d28e35140">(1)</ref> in respect of the person.</p></item></blockList></item><item><p>Case 2 is where—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>the registrar is notified under section <ref href="#d28e35087">790LF</ref> that a person has become a registrable person in relation to a company (“the registrable person”), and</p></item><item><num>(b)</num><p>the notice does not include a statement under section <ref href="#d28e34846">790LB</ref><ref href="#d28e34850">(1)</ref> or it appears to the registrar that the statement is false.</p></item></blockList></item></blockList></content></subsection><subsection eId="d28e8289"><num>(2)</num><content><p>The registrar must direct the registrable person to deliver to the registrar, within the period of 14 days beginning with the date of the direction, a statement confirming that the person’s identity is verified (see section 1110A).</p></content></subsection><subsection><num>(3)</num><content><p>The registrar may by further direction extend that period by up to 14 days at a time.</p></content></subsection><subsection><num>(4)</num><content><p>A direction under this section must be in writing.</p></content></subsection><subsection><num>(5)</num><content><p>A direction given to a person under this section lapses if notice is later given under section <ref href="#d28e35136">790LG</ref><ref href="#d28e35140">(1)</ref> in respect of that person.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-registrable-person">registrable person</term>” does not include a person mentioned in section 790C(12)(a) to (d).</p></content></subsection></section><section eId="d28e8330"><num>790LN</num><heading>Initial identity verification for registrable persons: transitional cases</heading><subsection><num>(1)</num><intro><p>A person must deliver to the registrar the statement required by this section if the person—</p></intro><level class="para1"><num>(a)</num><content><p>is a registrable person in relation to a company at any time during the appointed day, and</p></content></level><level class="para1"><num>(b)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>became a registrable person on the incorporation of the company in pursuance of an application for registration delivered before section <ref href="#d28e975">12B</ref><ref href="#d28e985">(2)</ref> came fully into force, or</p></content></level><level class="para2"><num>(ii)</num><content><p>became a registrable person, otherwise than on the incorporation of the company, before the day on which section <ref href="#d28e34846">790LB</ref><ref href="#d28e34850">(1)</ref> came fully into force.</p></content></level></level></subsection><subsection><num>(2)</num><content><p>The statement required by this section is a statement confirming that person’s identity is verified (see section 1110A).</p></content></subsection><subsection><num>(3)</num><content><p>A statement required by this section must be delivered within the period of 14 days beginning with the appointed day.</p></content></subsection><subsection><num>(4)</num><content><p>But the registrar may by direction in writing extend that period by up to 14 days at a time.</p></content></subsection><subsection><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-appointed-day">the appointed day</term>” means such day as the Secretary of State may by regulations appoint for the purposes of this section;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registrable-person">registrable person</term>” does not include a person mentioned in section 790C(12)(a) to (d).</p></content></hcontainer></subsection><subsection><num>(6)</num><content><p>The appointed day must not be before sections <ref href="#d28e975">12B</ref><ref href="#d28e985">(2)</ref> and <ref href="#d28e34846">790LB</ref><ref href="#d28e34850">(1)</ref> have been brought fully into force.</p></content></subsection></section><section eId="d28e8432"><num>790LO</num><heading>Initial identity verification: registrable relevant legal entities</heading><subsection><num>(1)</num><content><p>This section applies in the following cases.</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>Case 1 is where—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>a company is incorporated in pursuance of an application for registration containing a statement under section 12A(1)(a) naming a person as a person who will, on the company’s incorporation become a registrable relevant legal entity (“the entity”),</p></item><item><num>(b)</num><p>the application does not include a statement under section <ref href="#d28e975">12B</ref><ref href="#d28e991">(3)</ref> in respect of the entity, or is not accompanied by a statement under section <ref href="#d28e975">12B</ref><ref href="#d28e1014">(4)</ref> by the person whose name is specified in the statement under section <ref href="#d28e975">12B</ref><ref href="#d28e991">(3)</ref>, or it appears to the registrar that either statement is false, and</p></item><item><num>(c)</num><p>the company has not given a notice under section <ref href="#d28e35136">790LG</ref><ref href="#d28e35140">(1)</ref> in respect of the entity.</p></item></blockList></item><item><p>Case 2 is where—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>the registrar is notified under section 790LA that a person has become a registrable relevant legal entity in relation to a company (“the entity”), and</p></item><item><num>(b)</num><p>the notice does not include a statement under section <ref href="#d28e34846">790LB</ref><ref href="#d28e34856">(2)</ref>, or it is not accompanied by a statement under section <ref href="#d28e34846">790LB</ref><ref href="#d28e34874">(3)</ref>, or it appears to the registrar that either statement is false.</p></item></blockList></item></blockList></content></subsection><subsection eId="d28e8503"><num>(2)</num><intro><p>The registrar must direct the entity to deliver to the registrar, within the period of 28 days beginning with the date of the direction—</p></intro><level class="para1" eId="d28e8509"><num>(a)</num><intro><p>a statement by the entity that—</p></intro><level class="para2" eId="d28e8515"><num>(i)</num><content><p>specifies the name of one of its relevant officers who is an individual and whose identity is verified, and</p></content></level><level class="para2"><num>(ii)</num><content><p>confirms that the individual’s identity is verified, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>a statement by the individual confirming that the individual is a relevant officer of the entity.</p></content></level></subsection><subsection><num>(3)</num><content><p>The registrar may by further direction extend that period by up to 28 days at a time.</p></content></subsection><subsection><num>(4)</num><content><p>A direction under this section must be in writing.</p></content></subsection><subsection><num>(5)</num><content><p>A direction given to an entity under this section lapses if notice is later given under section <ref href="#d28e35136">790LG</ref><ref href="#d28e35140">(1)</ref> in respect of that entity.</p></content></subsection><subsection eId="d28e8556"><num>(6)</num><intro><p>In subsection <ref href="#d28e8503">(2)</ref> “relevant officer”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to a company, means a director;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to a legal entity the affairs of which are managed by its members, means one of those members;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to any other legal entity, means an officer of the entity whose functions correspond to that of a director of a company.</p></content></level></subsection></section><section eId="d28e8586"><num>790LP</num><heading>Initial identity verification in respect of registrable relevant legal entities: transitional cases</heading><subsection><num>(1)</num><intro><p>A person must deliver to the registrar the statements required by this section if the person—</p></intro><level class="para1"><num>(a)</num><content><p>is a registrable relevant legal entity in relation to a company at any time during the appointed day, and</p></content></level><level class="para1"><num>(b)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>became a registrable relevant legal entity on the incorporation of the company in pursuance of an application for registration delivered before section <ref href="#d28e975">12B</ref><ref href="#d28e991">(3)</ref> and <ref href="#d28e1014">(4)</ref> came fully into force, or</p></content></level><level class="para2"><num>(ii)</num><content><p>became a registrable relevant legal entity, otherwise than on the incorporation of the company, before section <ref href="#d28e34846">790LB</ref><ref href="#d28e34856">(2)</ref> and <ref href="#d28e34874">(3)</ref> came fully into force.</p></content></level></level></subsection><subsection eId="d28e8636"><num>(2)</num><intro><p>The statements are—</p></intro><level class="para1"><num>(a)</num><intro><p>a statement by the entity that—</p></intro><level class="para2"><num>(i)</num><content><p>specifies the name of one of its relevant officers who is an individual and whose identity is verified, and</p></content></level><level class="para2"><num>(ii)</num><content><p>confirms that the individual’s identity is verified, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>a statement by the individual confirming that the individual is a relevant officer of the entity.</p></content></level></subsection><subsection><num>(3)</num><content><p>The statements required by this section must be delivered within the period of 28 days beginning with the appointed day.</p></content></subsection><subsection><num>(4)</num><content><p>But the registrar may by direction in writing extend that period by up to 28 days at a time.</p></content></subsection><subsection><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-appointed-day">the appointed day</term>” means such day as the Secretary of State may by regulations appoint for the purposes of this section;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-officer">relevant officer</term>” has the meaning given by section <ref href="#d28e8432">790LO</ref><ref href="#d28e8556">(6)</ref>.</p></content></hcontainer></subsection><subsection><num>(6)</num><content><p>The appointed day must not be before sections <ref href="#d28e975">12B</ref><ref href="#d28e991">(3)</ref> and <ref href="#d28e1014">(4)</ref> and <ref href="#d28e34846">790LB</ref><ref href="#d28e34856">(2)</ref> and <ref href="#d28e34874">(3)</ref> have been brought fully into force.</p></content></subsection></section><section eId="d28e8729"><num>790LQ</num><heading>Registrable persons: duty to maintain verified identity status</heading><subsection eId="d28e8733"><num>(1)</num><content><p>A registrable person in relation to a company must ensure that, throughout the relevant period, they maintain the status of a person whose identity is verified (see section 1110A).</p></content></subsection><subsection><num>(2)</num><intro><p>In this section “<term refersTo="#term-the-relevant-period">the relevant period</term>” means the period—</p></intro><level class="para1"><num>(a)</num><intro><p>beginning with—</p></intro><level class="para2"><num>(i)</num><content><p>the incorporation of the company, in a case where the person became a registrable person on its incorporation and the application for registration of the company included a statement under section <ref href="#d28e975">12B</ref><ref href="#d28e985">(2)</ref> in respect of the person,</p></content></level><level class="para2"><num>(ii)</num><content><p>the delivery to the registrar of a statement in respect of the person under section <ref href="#d28e34846">790LB</ref><ref href="#d28e34850">(1)</ref>, in a case where the person became a registrable person after the incorporation of the company and such a statement was delivered to the registrar,</p></content></level><level class="para2"><num>(iii)</num><content><p>the expiry of the period for complying with the direction under section <ref href="#d28e8230">790LM</ref>, in a case where a direction under that section is given to the person, and</p></content></level><level class="para2"><num>(iv)</num><content><p>the expiry of the period for complying with section <ref href="#d28e8330">790LN</ref>, in a case where that section applies to the person, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>ending on the giving of a notice to the registrar under section <ref href="#d28e35087">790LF</ref> that the person has ceased to be a registrable person in relation to the company.</p></content></level></subsection><subsection><num>(3)</num><content><p>In this section “<term refersTo="#term-registrable-person">registrable person</term>” does not include a person mentioned in section 790C(12)(a) to (d).</p></content></subsection></section><section eId="d28e8815"><num>790LR</num><heading>Registrable relevant legal entities: duty to maintain registered officer whose identity is verified</heading><subsection eId="d28e8819"><num>(1)</num><intro><p>A registrable relevant legal entity in relation to a company must ensure that, throughout the relevant period, its registered officer—</p></intro><level class="para1"><num>(a)</num><content><p>is a relevant officer of the entity, and</p></content></level><level class="para1" eId="d28e8831"><num>(b)</num><content><p>is an individual whose identity is verified (see section 1110A).</p></content></level></subsection><subsection><num>(2)</num><intro><p>In this section “<term refersTo="#term-registered-officer">registered officer</term>”, in relation to a registrable relevant legal entity, means—</p></intro><level class="para1"><num>(a)</num><intro><p>the person whose name is specified in—</p></intro><level class="para2"><num>(i)</num><content><p>a statement delivered to the registrar in respect of the entity under section <ref href="#d28e975">12B</ref><ref href="#d28e991">(3)</ref> or <ref href="#d28e34846">790LB</ref><ref href="#d28e34856">(2)</ref>,</p></content></level><level class="para2"><num>(ii)</num><content><p>a statement delivered to the registrar by the entity in pursuance of a direction under section <ref href="#d28e8432">790LO</ref><ref href="#d28e8503">(2)</ref>, or</p></content></level><level class="para2"><num>(iii)</num><content><p>a statement delivered to the registrar under section <ref href="#d28e8586">790LP</ref><ref href="#d28e8636">(2)</ref>,</p></content></level><wrapUp><p>unless the entity has changed its registered officer under section <ref href="#d28e8999">790LS</ref>, or</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>if the entity has changed its registered officer under section <ref href="#d28e8999">790LS</ref>, the person specified in the latest notice under that section.</p></content></level></subsection><subsection><num>(3)</num><intro><p>In this section “<term refersTo="#term-the-relevant-period">the relevant period</term>” means the period—</p></intro><level class="para1"><num>(a)</num><intro><p>beginning with—</p></intro><level class="para2"><num>(i)</num><content><p>the incorporation of the company, in a case where the entity became a relevant registrable legal entity on the incorporation of the company and the application for registration of the company included a statement under section <ref href="#d28e975">12B</ref><ref href="#d28e991">(3)</ref> in respect of the entity,</p></content></level><level class="para2"><num>(ii)</num><content><p>the delivery to the registrar of a statement in respect of the registrable relevant legal entity under section <ref href="#d28e34846">790LB</ref><ref href="#d28e34856">(2)</ref>, in a case where the entity became a relevant registrable legal entity after the incorporation of the company and such a statement was delivered to the registrar,</p></content></level><level class="para2"><num>(iii)</num><content><p>the expiry of the period for complying with the direction <ref href="#d28e8432">790LO</ref>, in a case where the entity is given a direction under that section, and</p></content></level><level class="para2"><num>(iv)</num><content><p>the expiry of the period for complying with section <ref href="#d28e8586">790LP</ref>, where that section applies to the entity, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>ending with the giving of a notice to the registrar under section <ref href="#d28e35087">790LF</ref> that the entity has ceased to be a relevant registrable legal entity in relation to the company,</p></content></level><wrapUp><p>but see subsection <ref href="#d28e8973">(4)</ref>.</p></wrapUp></subsection><subsection eId="d28e8973"><num>(4)</num><content><p>If the registered officer of a registrable relevant legal entity ceases to be a relevant officer of that entity, “<term refersTo="#term-the-relevant-period">the relevant period</term>” does not include the period of 28 days beginning with the day on which the person so ceases.</p></content></subsection><subsection eId="d28e8982"><num>(5)</num><content><p>In this section “<term refersTo="#term-relevant-officer">relevant officer</term>” has the meaning given by section <ref href="#d28e8432">790LO</ref><ref href="#d28e8556">(6)</ref>.</p></content></subsection></section><section eId="d28e8999"><num>790LS</num><heading>Registrable relevant legal entities: change of registered relevant officer</heading><subsection eId="d28e9003"><num>(1)</num><content><p>A registrable relevant legal entity may change its registered officer for the purposes of section <ref href="#d28e8815">790LR</ref> by giving notice to the registrar.</p></content></subsection><subsection><num>(2)</num><intro><p>The notice must include a statement by the entity that the new registered officer—</p></intro><level class="para1"><num>(a)</num><content><p>is a relevant officer of the entity, and</p></content></level><level class="para1" eId="d28e9024"><num>(b)</num><content><p>is an individual whose identity is verified (see section 1110A).</p></content></level></subsection><subsection eId="d28e9030"><num>(3)</num><content><p>The notice must be accompanied by a statement by the individual who is the new registered officer confirming that the individual is a relevant officer of the registrable relevant legal entity.</p></content></subsection><subsection><num>(4)</num><content><p>In this section “<term refersTo="#term-relevant-officer">relevant officer</term>” has the meaning given by section <ref href="#d28e8432">790LO</ref><ref href="#d28e8556">(6)</ref>.</p></content></subsection></section><section><num>790LT</num><heading>Offence of failing to comply with sections <ref href="#d28e8230">790LM</ref> to <ref href="#d28e8815">790LR</ref></heading><subsection><num>(1)</num><intro><p>It is an offence for a person to fail, without reasonable excuse, to comply with—</p></intro><level class="para1"><num>(a)</num><content><p>any of the following sections—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e8330">790LN</ref>;</p></item><item><p>section <ref href="#d28e8586">790LP</ref>;</p></item><item><p>section <ref href="#d28e8729">790LQ</ref>;</p></item><item><p>section <ref href="#d28e8815">790LR</ref>;</p></item></blockList></content></level><level class="para1"><num>(b)</num><content><p>a direction under section <ref href="#d28e8230">790LM</ref> or <ref href="#d28e8432">790LO</ref>.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where an offence under this section is committed by a registrable relevant legal entity, every officer of the entity who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-64-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-64-2"><num>(2)</num><content><p><mod>In section 790J (power to make exemptions), in subsection (2)(e), after “<ref href="#d28e35155">790LH</ref>” (inserted by Schedule 2 to this Act) insert <quotedText>“and <ref href="#d28e8230">790LM</ref> to <ref href="#d28e8999">790LS</ref>”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-64-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e35351">790LL</ref> (inserted by Schedule 2 to this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Identity verification obligations for persons with significant control</heading><section eId="d28e8230"><num>790LM</num><heading>Initial identity verification: registrable persons</heading><subsection><num>(1)</num><content><p>This section applies in the following cases.</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>Case 1 is where—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>a company is incorporated in pursuance of an application for registration containing a statement under section 12A(1)(a) naming a person as someone who will, on the company’s incorporation, become a registrable person (“the registrable person”),</p></item><item><num>(b)</num><p>the application does not include a statement under section <ref href="#d28e975">12B</ref><ref href="#d28e985">(2)</ref> in respect of the registrable person or it appears to the registrar that the statement is false, and</p></item><item><num>(c)</num><p>the company has not given a notice under section <ref href="#d28e35136">790LG</ref><ref href="#d28e35140">(1)</ref> in respect of the person.</p></item></blockList></item><item><p>Case 2 is where—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>the registrar is notified under section <ref href="#d28e35087">790LF</ref> that a person has become a registrable person in relation to a company (“the registrable person”), and</p></item><item><num>(b)</num><p>the notice does not include a statement under section <ref href="#d28e34846">790LB</ref><ref href="#d28e34850">(1)</ref> or it appears to the registrar that the statement is false.</p></item></blockList></item></blockList></content></subsection><subsection eId="d28e8289"><num>(2)</num><content><p>The registrar must direct the registrable person to deliver to the registrar, within the period of 14 days beginning with the date of the direction, a statement confirming that the person’s identity is verified (see section 1110A).</p></content></subsection><subsection><num>(3)</num><content><p>The registrar may by further direction extend that period by up to 14 days at a time.</p></content></subsection><subsection><num>(4)</num><content><p>A direction under this section must be in writing.</p></content></subsection><subsection><num>(5)</num><content><p>A direction given to a person under this section lapses if notice is later given under section <ref href="#d28e35136">790LG</ref><ref href="#d28e35140">(1)</ref> in respect of that person.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-registrable-person">registrable person</term>” does not include a person mentioned in section 790C(12)(a) to (d).</p></content></subsection></section><section eId="d28e8330"><num>790LN</num><heading>Initial identity verification for registrable persons: transitional cases</heading><subsection><num>(1)</num><intro><p>A person must deliver to the registrar the statement required by this section if the person—</p></intro><level class="para1"><num>(a)</num><content><p>is a registrable person in relation to a company at any time during the appointed day, and</p></content></level><level class="para1"><num>(b)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>became a registrable person on the incorporation of the company in pursuance of an application for registration delivered before section <ref href="#d28e975">12B</ref><ref href="#d28e985">(2)</ref> came fully into force, or</p></content></level><level class="para2"><num>(ii)</num><content><p>became a registrable person, otherwise than on the incorporation of the company, before the day on which section <ref href="#d28e34846">790LB</ref><ref href="#d28e34850">(1)</ref> came fully into force.</p></content></level></level></subsection><subsection><num>(2)</num><content><p>The statement required by this section is a statement confirming that person’s identity is verified (see section 1110A).</p></content></subsection><subsection><num>(3)</num><content><p>A statement required by this section must be delivered within the period of 14 days beginning with the appointed day.</p></content></subsection><subsection><num>(4)</num><content><p>But the registrar may by direction in writing extend that period by up to 14 days at a time.</p></content></subsection><subsection><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-appointed-day">the appointed day</term>” means such day as the Secretary of State may by regulations appoint for the purposes of this section;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registrable-person">registrable person</term>” does not include a person mentioned in section 790C(12)(a) to (d).</p></content></hcontainer></subsection><subsection><num>(6)</num><content><p>The appointed day must not be before sections <ref href="#d28e975">12B</ref><ref href="#d28e985">(2)</ref> and <ref href="#d28e34846">790LB</ref><ref href="#d28e34850">(1)</ref> have been brought fully into force.</p></content></subsection></section><section eId="d28e8432"><num>790LO</num><heading>Initial identity verification: registrable relevant legal entities</heading><subsection><num>(1)</num><content><p>This section applies in the following cases.</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>Case 1 is where—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>a company is incorporated in pursuance of an application for registration containing a statement under section 12A(1)(a) naming a person as a person who will, on the company’s incorporation become a registrable relevant legal entity (“the entity”),</p></item><item><num>(b)</num><p>the application does not include a statement under section <ref href="#d28e975">12B</ref><ref href="#d28e991">(3)</ref> in respect of the entity, or is not accompanied by a statement under section <ref href="#d28e975">12B</ref><ref href="#d28e1014">(4)</ref> by the person whose name is specified in the statement under section <ref href="#d28e975">12B</ref><ref href="#d28e991">(3)</ref>, or it appears to the registrar that either statement is false, and</p></item><item><num>(c)</num><p>the company has not given a notice under section <ref href="#d28e35136">790LG</ref><ref href="#d28e35140">(1)</ref> in respect of the entity.</p></item></blockList></item><item><p>Case 2 is where—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>the registrar is notified under section 790LA that a person has become a registrable relevant legal entity in relation to a company (“the entity”), and</p></item><item><num>(b)</num><p>the notice does not include a statement under section <ref href="#d28e34846">790LB</ref><ref href="#d28e34856">(2)</ref>, or it is not accompanied by a statement under section <ref href="#d28e34846">790LB</ref><ref href="#d28e34874">(3)</ref>, or it appears to the registrar that either statement is false.</p></item></blockList></item></blockList></content></subsection><subsection eId="d28e8503"><num>(2)</num><intro><p>The registrar must direct the entity to deliver to the registrar, within the period of 28 days beginning with the date of the direction—</p></intro><level class="para1" eId="d28e8509"><num>(a)</num><intro><p>a statement by the entity that—</p></intro><level class="para2" eId="d28e8515"><num>(i)</num><content><p>specifies the name of one of its relevant officers who is an individual and whose identity is verified, and</p></content></level><level class="para2"><num>(ii)</num><content><p>confirms that the individual’s identity is verified, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>a statement by the individual confirming that the individual is a relevant officer of the entity.</p></content></level></subsection><subsection><num>(3)</num><content><p>The registrar may by further direction extend that period by up to 28 days at a time.</p></content></subsection><subsection><num>(4)</num><content><p>A direction under this section must be in writing.</p></content></subsection><subsection><num>(5)</num><content><p>A direction given to an entity under this section lapses if notice is later given under section <ref href="#d28e35136">790LG</ref><ref href="#d28e35140">(1)</ref> in respect of that entity.</p></content></subsection><subsection eId="d28e8556"><num>(6)</num><intro><p>In subsection <ref href="#d28e8503">(2)</ref> “relevant officer”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to a company, means a director;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to a legal entity the affairs of which are managed by its members, means one of those members;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to any other legal entity, means an officer of the entity whose functions correspond to that of a director of a company.</p></content></level></subsection></section><section eId="d28e8586"><num>790LP</num><heading>Initial identity verification in respect of registrable relevant legal entities: transitional cases</heading><subsection><num>(1)</num><intro><p>A person must deliver to the registrar the statements required by this section if the person—</p></intro><level class="para1"><num>(a)</num><content><p>is a registrable relevant legal entity in relation to a company at any time during the appointed day, and</p></content></level><level class="para1"><num>(b)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>became a registrable relevant legal entity on the incorporation of the company in pursuance of an application for registration delivered before section <ref href="#d28e975">12B</ref><ref href="#d28e991">(3)</ref> and <ref href="#d28e1014">(4)</ref> came fully into force, or</p></content></level><level class="para2"><num>(ii)</num><content><p>became a registrable relevant legal entity, otherwise than on the incorporation of the company, before section <ref href="#d28e34846">790LB</ref><ref href="#d28e34856">(2)</ref> and <ref href="#d28e34874">(3)</ref> came fully into force.</p></content></level></level></subsection><subsection eId="d28e8636"><num>(2)</num><intro><p>The statements are—</p></intro><level class="para1"><num>(a)</num><intro><p>a statement by the entity that—</p></intro><level class="para2"><num>(i)</num><content><p>specifies the name of one of its relevant officers who is an individual and whose identity is verified, and</p></content></level><level class="para2"><num>(ii)</num><content><p>confirms that the individual’s identity is verified, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>a statement by the individual confirming that the individual is a relevant officer of the entity.</p></content></level></subsection><subsection><num>(3)</num><content><p>The statements required by this section must be delivered within the period of 28 days beginning with the appointed day.</p></content></subsection><subsection><num>(4)</num><content><p>But the registrar may by direction in writing extend that period by up to 28 days at a time.</p></content></subsection><subsection><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-appointed-day">the appointed day</term>” means such day as the Secretary of State may by regulations appoint for the purposes of this section;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-officer">relevant officer</term>” has the meaning given by section <ref href="#d28e8432">790LO</ref><ref href="#d28e8556">(6)</ref>.</p></content></hcontainer></subsection><subsection><num>(6)</num><content><p>The appointed day must not be before sections <ref href="#d28e975">12B</ref><ref href="#d28e991">(3)</ref> and <ref href="#d28e1014">(4)</ref> and <ref href="#d28e34846">790LB</ref><ref href="#d28e34856">(2)</ref> and <ref href="#d28e34874">(3)</ref> have been brought fully into force.</p></content></subsection></section><section eId="d28e8729"><num>790LQ</num><heading>Registrable persons: duty to maintain verified identity status</heading><subsection eId="d28e8733"><num>(1)</num><content><p>A registrable person in relation to a company must ensure that, throughout the relevant period, they maintain the status of a person whose identity is verified (see section 1110A).</p></content></subsection><subsection><num>(2)</num><intro><p>In this section “<term refersTo="#term-the-relevant-period">the relevant period</term>” means the period—</p></intro><level class="para1"><num>(a)</num><intro><p>beginning with—</p></intro><level class="para2"><num>(i)</num><content><p>the incorporation of the company, in a case where the person became a registrable person on its incorporation and the application for registration of the company included a statement under section <ref href="#d28e975">12B</ref><ref href="#d28e985">(2)</ref> in respect of the person,</p></content></level><level class="para2"><num>(ii)</num><content><p>the delivery to the registrar of a statement in respect of the person under section <ref href="#d28e34846">790LB</ref><ref href="#d28e34850">(1)</ref>, in a case where the person became a registrable person after the incorporation of the company and such a statement was delivered to the registrar,</p></content></level><level class="para2"><num>(iii)</num><content><p>the expiry of the period for complying with the direction under section <ref href="#d28e8230">790LM</ref>, in a case where a direction under that section is given to the person, and</p></content></level><level class="para2"><num>(iv)</num><content><p>the expiry of the period for complying with section <ref href="#d28e8330">790LN</ref>, in a case where that section applies to the person, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>ending on the giving of a notice to the registrar under section <ref href="#d28e35087">790LF</ref> that the person has ceased to be a registrable person in relation to the company.</p></content></level></subsection><subsection><num>(3)</num><content><p>In this section “<term refersTo="#term-registrable-person">registrable person</term>” does not include a person mentioned in section 790C(12)(a) to (d).</p></content></subsection></section><section eId="d28e8815"><num>790LR</num><heading>Registrable relevant legal entities: duty to maintain registered officer whose identity is verified</heading><subsection eId="d28e8819"><num>(1)</num><intro><p>A registrable relevant legal entity in relation to a company must ensure that, throughout the relevant period, its registered officer—</p></intro><level class="para1"><num>(a)</num><content><p>is a relevant officer of the entity, and</p></content></level><level class="para1" eId="d28e8831"><num>(b)</num><content><p>is an individual whose identity is verified (see section 1110A).</p></content></level></subsection><subsection><num>(2)</num><intro><p>In this section “<term refersTo="#term-registered-officer">registered officer</term>”, in relation to a registrable relevant legal entity, means—</p></intro><level class="para1"><num>(a)</num><intro><p>the person whose name is specified in—</p></intro><level class="para2"><num>(i)</num><content><p>a statement delivered to the registrar in respect of the entity under section <ref href="#d28e975">12B</ref><ref href="#d28e991">(3)</ref> or <ref href="#d28e34846">790LB</ref><ref href="#d28e34856">(2)</ref>,</p></content></level><level class="para2"><num>(ii)</num><content><p>a statement delivered to the registrar by the entity in pursuance of a direction under section <ref href="#d28e8432">790LO</ref><ref href="#d28e8503">(2)</ref>, or</p></content></level><level class="para2"><num>(iii)</num><content><p>a statement delivered to the registrar under section <ref href="#d28e8586">790LP</ref><ref href="#d28e8636">(2)</ref>,</p></content></level><wrapUp><p>unless the entity has changed its registered officer under section <ref href="#d28e8999">790LS</ref>, or</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>if the entity has changed its registered officer under section <ref href="#d28e8999">790LS</ref>, the person specified in the latest notice under that section.</p></content></level></subsection><subsection><num>(3)</num><intro><p>In this section “<term refersTo="#term-the-relevant-period">the relevant period</term>” means the period—</p></intro><level class="para1"><num>(a)</num><intro><p>beginning with—</p></intro><level class="para2"><num>(i)</num><content><p>the incorporation of the company, in a case where the entity became a relevant registrable legal entity on the incorporation of the company and the application for registration of the company included a statement under section <ref href="#d28e975">12B</ref><ref href="#d28e991">(3)</ref> in respect of the entity,</p></content></level><level class="para2"><num>(ii)</num><content><p>the delivery to the registrar of a statement in respect of the registrable relevant legal entity under section <ref href="#d28e34846">790LB</ref><ref href="#d28e34856">(2)</ref>, in a case where the entity became a relevant registrable legal entity after the incorporation of the company and such a statement was delivered to the registrar,</p></content></level><level class="para2"><num>(iii)</num><content><p>the expiry of the period for complying with the direction <ref href="#d28e8432">790LO</ref>, in a case where the entity is given a direction under that section, and</p></content></level><level class="para2"><num>(iv)</num><content><p>the expiry of the period for complying with section <ref href="#d28e8586">790LP</ref>, where that section applies to the entity, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>ending with the giving of a notice to the registrar under section <ref href="#d28e35087">790LF</ref> that the entity has ceased to be a relevant registrable legal entity in relation to the company,</p></content></level><wrapUp><p>but see subsection <ref href="#d28e8973">(4)</ref>.</p></wrapUp></subsection><subsection eId="d28e8973"><num>(4)</num><content><p>If the registered officer of a registrable relevant legal entity ceases to be a relevant officer of that entity, “<term refersTo="#term-the-relevant-period">the relevant period</term>” does not include the period of 28 days beginning with the day on which the person so ceases.</p></content></subsection><subsection eId="d28e8982"><num>(5)</num><content><p>In this section “<term refersTo="#term-relevant-officer">relevant officer</term>” has the meaning given by section <ref href="#d28e8432">790LO</ref><ref href="#d28e8556">(6)</ref>.</p></content></subsection></section><section eId="d28e8999"><num>790LS</num><heading>Registrable relevant legal entities: change of registered relevant officer</heading><subsection eId="d28e9003"><num>(1)</num><content><p>A registrable relevant legal entity may change its registered officer for the purposes of section <ref href="#d28e8815">790LR</ref> by giving notice to the registrar.</p></content></subsection><subsection><num>(2)</num><intro><p>The notice must include a statement by the entity that the new registered officer—</p></intro><level class="para1"><num>(a)</num><content><p>is a relevant officer of the entity, and</p></content></level><level class="para1" eId="d28e9024"><num>(b)</num><content><p>is an individual whose identity is verified (see section 1110A).</p></content></level></subsection><subsection eId="d28e9030"><num>(3)</num><content><p>The notice must be accompanied by a statement by the individual who is the new registered officer confirming that the individual is a relevant officer of the registrable relevant legal entity.</p></content></subsection><subsection><num>(4)</num><content><p>In this section “<term refersTo="#term-relevant-officer">relevant officer</term>” has the meaning given by section <ref href="#d28e8432">790LO</ref><ref href="#d28e8556">(6)</ref>.</p></content></subsection></section><section><num>790LT</num><heading>Offence of failing to comply with sections <ref href="#d28e8230">790LM</ref> to <ref href="#d28e8815">790LR</ref></heading><subsection><num>(1)</num><intro><p>It is an offence for a person to fail, without reasonable excuse, to comply with—</p></intro><level class="para1"><num>(a)</num><content><p>any of the following sections—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e8330">790LN</ref>;</p></item><item><p>section <ref href="#d28e8586">790LP</ref>;</p></item><item><p>section <ref href="#d28e8729">790LQ</ref>;</p></item><item><p>section <ref href="#d28e8815">790LR</ref>;</p></item></blockList></content></level><level class="para1"><num>(b)</num><content><p>a direction under section <ref href="#d28e8230">790LM</ref> or <ref href="#d28e8432">790LO</ref>.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where an offence under this section is committed by a registrable relevant legal entity, every officer of the entity who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-65"><num>65</num><heading>Procedure etc for verifying identity</heading><subsection eId="section-65-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-65-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (3), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>sections <ref href="#d28e9205">1110A</ref> and <ref href="#d28e9343">1110B</ref> (identity verification),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-65-3"><num>(3)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), after paragraph (gb) (inserted by section 66 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(gc)</num><content><p>any document delivered to the registrar under regulations under section <ref href="#d28e9343">1110B</ref>;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-65-4"><num>(4)</num><content><p><mod>After section 1110 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Identity verification</heading><section eId="d28e9205"><num>1110A</num><heading>Meaning of “identity is verified”</heading><subsection><num>(1)</num><intro><p>For the purposes of this Act an individual’s “identity is verified” if—</p></intro><level class="para1"><num>(a)</num><content><p>the individual’s identity has been verified by the registrar in accordance with regulations under section <ref href="#d28e9343">1110B</ref>, or</p></content></level><level class="para1" eId="d28e9224"><num>(b)</num><content><p>a verification statement in respect of the individual has been delivered to the registrar,</p></content></level><wrapUp><p>and the individual has not, since then, ceased to be an individual whose identity is verified by virtue of regulations under subsection <ref href="#d28e9265">(6)</ref>.</p></wrapUp></subsection><subsection><num>(2)</num><content><p>A verification statement is a statement by an authorised corporate service provider confirming that it has verified an individual’s identity in accordance with regulations under section <ref href="#d28e9343">1110B</ref>.</p></content></subsection><subsection><num>(3)</num><content><p>A verification statement must also specify the authorised corporate service provider’s supervisory authority or authorities for the purposes of the Money Laundering Regulations.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State may by regulations make further provision about the contents of verification statements (including provision amending this section).</p></content></subsection><subsection><num>(5)</num><content><p>Where a person is required or authorised by any other provision to deliver a statement to the registrar that an individual’s identity is verified, that statement may be delivered at the same time as the verification statement by virtue of which the individual becomes someone whose identity is verified under subsection <ref href="#d28e9224">(1)(b)</ref>.</p></content></subsection><subsection eId="d28e9265"><num>(6)</num><content><p>The Secretary of State may by regulations provide for circumstances in which someone ceases to be an individual whose identity is verified.</p></content></subsection><subsection><num>(7)</num><intro><p>The provision that can be made under subsection <ref href="#d28e9265">(6)</ref> includes—</p></intro><level class="para1"><num>(a)</num><content><p>provision to confer a discretion on the registrar;</p></content></level><level class="para1"><num>(b)</num><intro><p>provision that someone ceases to be an individual whose identity is verified unless, within a specified period of time—</p></intro><level class="para2"><num>(i)</num><content><p>their identity is reverified by the registrar in accordance with regulations under section <ref href="#d28e9343">1110B</ref>, or</p></content></level><level class="para2"><num>(ii)</num><content><p>an authorised corporate service provider delivers to the registrar a statement: (A) confirming that it has reverified the individual’s identity in accordance with regulations under section <ref href="#d28e9343">1110B</ref>, (B) specifying the authorised corporate service provider’s supervisory authority or authorities for the purposes of the Money Laundering Regulations, and (C) containing anything else required by the regulations.</p></content></level></level></subsection><subsection><num>(8)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(9)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-money-laundering-regulations">Money Laundering Regulations</term>” means the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (<ref eId="c00007" href="http://www.legislation.gov.uk/id/uksi/2017/692">S.I. 2017/692</ref>);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-supervisory-authority">supervisory authority</term>” means an authority that is a supervisory authority under the Money Laundering Regulations (see regulation 7 of those Regulations).</p></content></hcontainer></subsection></section><section eId="d28e9343"><num>1110B</num><heading>Verification requirements</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision for and in connection with verification or reverification of an individual’s identity for the purposes of this Act by the registrar or by an authorised corporate service provider.</p></content></subsection><subsection><num>(2)</num><intro><p>The regulations may, in particular, make provision about—</p></intro><level class="para1"><num>(a)</num><content><p>the procedure for verifying or reverifying an individual’s identity, including the evidence required;</p></content></level><level class="para1" eId="d28e9365"><num>(b)</num><content><p>the records that a person who is or has been an authorised corporate service provider is required to keep in connection with the verification or reverification of an individual’s identity.</p></content></level></subsection><subsection><num>(3)</num><content><p>The regulations may create offences in relation to failures to comply with requirements imposed by virtue of subsection <ref href="#d28e9365">(2)(b)</ref>.</p></content></subsection><subsection><num>(4)</num><intro><p>The regulations must provide for any such offence to be punishable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, by imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, by imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, by imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum;</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, by imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum.</p></content></level></level></subsection><subsection><num>(5)</num><content><p>The provision that can be made in regulations under this section includes provision conferring a discretion on the registrar, including provision conferring power to impose requirements by registrar’s rules.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-65-5"><num>(5)</num><content><p><mod>In Schedule 8 (index of defined expressions), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:70%"/><default:col span="1" style="width:30%"/><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">identity is verified</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">section <ref href="#d28e9205">1110A</ref></p></default:td></default:tr></default:tbody></default:table></foreign></tblock></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-65-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-65-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (3), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>sections <ref href="#d28e9205">1110A</ref> and <ref href="#d28e9343">1110B</ref> (identity verification),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-65-3"><num>(3)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), after paragraph (gb) (inserted by section 66 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(gc)</num><content><p>any document delivered to the registrar under regulations under section <ref href="#d28e9343">1110B</ref>;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-65-4"><num>(4)</num><content><p><mod>After section 1110 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Identity verification</heading><section eId="d28e9205"><num>1110A</num><heading>Meaning of “identity is verified”</heading><subsection><num>(1)</num><intro><p>For the purposes of this Act an individual’s “identity is verified” if—</p></intro><level class="para1"><num>(a)</num><content><p>the individual’s identity has been verified by the registrar in accordance with regulations under section <ref href="#d28e9343">1110B</ref>, or</p></content></level><level class="para1" eId="d28e9224"><num>(b)</num><content><p>a verification statement in respect of the individual has been delivered to the registrar,</p></content></level><wrapUp><p>and the individual has not, since then, ceased to be an individual whose identity is verified by virtue of regulations under subsection <ref href="#d28e9265">(6)</ref>.</p></wrapUp></subsection><subsection><num>(2)</num><content><p>A verification statement is a statement by an authorised corporate service provider confirming that it has verified an individual’s identity in accordance with regulations under section <ref href="#d28e9343">1110B</ref>.</p></content></subsection><subsection><num>(3)</num><content><p>A verification statement must also specify the authorised corporate service provider’s supervisory authority or authorities for the purposes of the Money Laundering Regulations.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State may by regulations make further provision about the contents of verification statements (including provision amending this section).</p></content></subsection><subsection><num>(5)</num><content><p>Where a person is required or authorised by any other provision to deliver a statement to the registrar that an individual’s identity is verified, that statement may be delivered at the same time as the verification statement by virtue of which the individual becomes someone whose identity is verified under subsection <ref href="#d28e9224">(1)(b)</ref>.</p></content></subsection><subsection eId="d28e9265"><num>(6)</num><content><p>The Secretary of State may by regulations provide for circumstances in which someone ceases to be an individual whose identity is verified.</p></content></subsection><subsection><num>(7)</num><intro><p>The provision that can be made under subsection <ref href="#d28e9265">(6)</ref> includes—</p></intro><level class="para1"><num>(a)</num><content><p>provision to confer a discretion on the registrar;</p></content></level><level class="para1"><num>(b)</num><intro><p>provision that someone ceases to be an individual whose identity is verified unless, within a specified period of time—</p></intro><level class="para2"><num>(i)</num><content><p>their identity is reverified by the registrar in accordance with regulations under section <ref href="#d28e9343">1110B</ref>, or</p></content></level><level class="para2"><num>(ii)</num><content><p>an authorised corporate service provider delivers to the registrar a statement: (A) confirming that it has reverified the individual’s identity in accordance with regulations under section <ref href="#d28e9343">1110B</ref>, (B) specifying the authorised corporate service provider’s supervisory authority or authorities for the purposes of the Money Laundering Regulations, and (C) containing anything else required by the regulations.</p></content></level></level></subsection><subsection><num>(8)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(9)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-money-laundering-regulations">Money Laundering Regulations</term>” means the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (<ref eId="c00007" href="http://www.legislation.gov.uk/id/uksi/2017/692">S.I. 2017/692</ref>);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-supervisory-authority">supervisory authority</term>” means an authority that is a supervisory authority under the Money Laundering Regulations (see regulation 7 of those Regulations).</p></content></hcontainer></subsection></section><section eId="d28e9343"><num>1110B</num><heading>Verification requirements</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision for and in connection with verification or reverification of an individual’s identity for the purposes of this Act by the registrar or by an authorised corporate service provider.</p></content></subsection><subsection><num>(2)</num><intro><p>The regulations may, in particular, make provision about—</p></intro><level class="para1"><num>(a)</num><content><p>the procedure for verifying or reverifying an individual’s identity, including the evidence required;</p></content></level><level class="para1" eId="d28e9365"><num>(b)</num><content><p>the records that a person who is or has been an authorised corporate service provider is required to keep in connection with the verification or reverification of an individual’s identity.</p></content></level></subsection><subsection><num>(3)</num><content><p>The regulations may create offences in relation to failures to comply with requirements imposed by virtue of subsection <ref href="#d28e9365">(2)(b)</ref>.</p></content></subsection><subsection><num>(4)</num><intro><p>The regulations must provide for any such offence to be punishable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, by imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, by imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, by imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum;</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, by imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum.</p></content></level></level></subsection><subsection><num>(5)</num><content><p>The provision that can be made in regulations under this section includes provision conferring a discretion on the registrar, including provision conferring power to impose requirements by registrar’s rules.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-65-5"><num>(5)</num><content><p><mod>In Schedule 8 (index of defined expressions), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:70%"/><default:col span="1" style="width:30%"/><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">identity is verified</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">section <ref href="#d28e9205">1110A</ref></p></default:td></default:tr></default:tbody></default:table></foreign></tblock></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-66"><num>66</num><heading>Authorisation of corporate service providers</heading><subsection eId="section-66-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-66-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (3), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>sections <ref href="#d28e9524">1098A</ref> to <ref href="#d28e10158">1098H</ref> (authorised corporate service providers),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-66-3"><num>(3)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), after paragraph (ga) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e9491"><num>(gb)</num><content><p>any application or other document delivered to the registrar under section <ref href="#d28e9563">1098B</ref>, <ref href="#d28e9854">1098D</ref> or <ref href="#d28e9933">1098E</ref> or regulations under section <ref href="#d28e10086">1098G</ref> (authorised corporate service providers);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-66-4"><num>(4)</num><content><p><mod>After section 1098 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Authorised corporate service providers</heading><section eId="d28e9524"><num>1098A</num><heading>Meaning of “authorised corporate service provider”</heading><intro><p>In this Act “<term refersTo="#term-authorised-corporate-service-provider">authorised corporate service provider</term>” means a person—</p></intro><level class="para1"><num>(a)</num><content><p>whose application to the registrar to become an authorised corporate service provider for the purposes of this Act has been granted (see section <ref href="#d28e9563">1098B</ref>),</p></content></level><level class="para1"><num>(b)</num><content><p>who has not since ceased to be an authorised corporate service provider by virtue of section <ref href="#d28e9993">1098F</ref>, and</p></content></level><level class="para1"><num>(c)</num><content><p>whose status as an authorised corporate service provider is not for the time being suspended by virtue of section <ref href="#d28e9993">1098F</ref>.</p></content></level></section><section eId="d28e9563"><num>1098B</num><heading>Application to become authorised corporate service provider</heading><subsection><num>(1)</num><intro><p>A person may apply to the registrar to become an authorised corporate service provider for the purposes of this Act if—</p></intro><level class="para1" eId="d28e9573"><num>(a)</num><content><p>the person is a relevant person as defined by regulation 8(1) of the Money Laundering Regulations,</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of an individual, their identity is verified (see section <ref href="#d28e9205">1110A</ref>), and</p></content></level><level class="para1" eId="d28e9588"><num>(c)</num><content><p>the person meets any other requirements imposed by regulations made by the Secretary of State for the purposes of this paragraph.</p></content></level></subsection><subsection eId="d28e9594"><num>(2)</num><intro><p>An application under this section must contain—</p></intro><level class="para1"><num>(a)</num><content><p>the name of the applicant’s supervisory authority or authorities for the purposes of the Money Laundering Regulations,</p></content></level><level class="para1"><num>(b)</num><content><p>the required information about the applicant (see section <ref href="#d28e9727">1098C</ref>), and</p></content></level><level class="para1" eId="d28e9615"><num>(c)</num><content><p>in the case of an application by an individual, a statement that the individual’s identity is verified (see section 1110A).</p></content></level><wrapUp><p>(See also section <ref href="#d28e9854">1098D</ref>, which imposes restrictions on who may deliver an application under this section on behalf of a firm.)</p></wrapUp></subsection><subsection eId="d28e9627"><num>(3)</num><content><p>Where an application is made under this section, the registrar must check with the supervisory authority, or at least one of the supervisory authorities, specified in the application, to find out whether the applicant is known to and supervised by that authority.</p></content></subsection><subsection eId="d28e9633"><num>(4)</num><intro><p>Having carried out that check, the registrar must grant the application if—</p></intro><level class="para1"><num>(a)</num><content><p>the supervisory authority, or at least one of the supervisory authorities, specified in the application has confirmed that the applicant is known to and supervised by that authority,</p></content></level><level class="para1"><num>(b)</num><content><p>where the applicant is an individual, the registrar is satisfied that their identity is verified (see section <ref href="#d28e9205">1110A</ref>),</p></content></level><level class="para1" eId="d28e9654"><num>(c)</num><content><p>any other conditions that may be specified by regulations made by the Secretary of State for the purposes of this paragraph are met, and</p></content></level><level class="para1"><num>(d)</num><content><p>the registrar is not required by subsection <ref href="#d28e9669">(5)</ref> to refuse the application.</p></content></level></subsection><subsection eId="d28e9669"><num>(5)</num><content><p>The registrar must refuse the application if it appears to the registrar that the applicant is not a fit and proper person to carry out the functions of an authorised corporate service provider.</p></content></subsection><subsection><num>(6)</num><content><p>The provision that can be made in regulations under subsection <ref href="#d28e9654">(4)(c)</ref> includes provision conferring a discretion on the registrar.</p></content></subsection><subsection><num>(7)</num><content><p>Regulations under subsection <ref href="#d28e9588">(1)(c)</ref> or <ref href="#d28e9654">(4)(c)</ref> are subject to affirmative resolution procedure.</p></content></subsection><subsection eId="d28e9696"><num>(8)</num><intro><p>For the purposes of this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-money-laundering-regulations">Money Laundering Regulations</term>” means the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (<ref eId="c00008" href="http://www.legislation.gov.uk/id/uksi/2017/692">S.I. 2017/692</ref>);</p></content></hcontainer><hcontainer name="definition"><content><p>“supervised”: a person is supervised by a supervisory authority if regulation 7(1) of the Money Laundering Regulations provides that it is a supervisory authority for that person;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-supervisory-authority">supervisory authority</term>” means an authority that is a supervisory authority under the Money Laundering Regulations (see regulation 7 of those Regulations).</p></content></hcontainer></subsection></section><section eId="d28e9727"><num>1098C</num><heading>The required information about an applicant</heading><subsection eId="d28e9731"><num>(1)</num><intro><p>The “required information” about the applicant, in the case of a firm that is applying to become an authorised corporate service provider, means—</p></intro><level class="para1"><num>(a)</num><content><p>firm name,</p></content></level><level class="para1"><num>(b)</num><content><p>principal office,</p></content></level><level class="para1"><num>(c)</num><content><p>a service address,</p></content></level><level class="para1"><num>(d)</num><content><p>an email address,</p></content></level><level class="para1"><num>(e)</num><content><p>the legal form of the firm and the law by which it is governed, and</p></content></level><level class="para1"><num>(f)</num><content><p>if applicable, the register in which it is entered (including details of the state) and its registration number in that register.</p></content></level></subsection><subsection eId="d28e9773"><num>(2)</num><intro><p>The “required information” about the applicant, in the case of an individual who is applying to become an authorised corporate service provider, means—</p></intro><level class="para1" eId="d28e9779"><num>(a)</num><content><p>name, nationality and date of birth,</p></content></level><level class="para1"><num>(b)</num><content><p>a service address,</p></content></level><level class="para1"><num>(c)</num><content><p>an email address, and</p></content></level><level class="para1"><num>(d)</num><content><p>the part of the United Kingdom in which the person is usually resident or, if the person is usually resident in a country or state outside the United Kingdom, that country or state.</p></content></level></subsection><subsection><num>(3)</num><content><p>In subsection <ref href="#d28e9779">(2)(a)</ref> “<term refersTo="#term-name">name</term>” means forename and surname.</p></content></subsection><subsection eId="d28e9815"><num>(4)</num><content><p>Where the applicant is a peer or an individual usually known by a title, the requirement for the application to contain their name may be satisfied by providing that title instead of the individual’s forename and surname.</p></content></subsection><subsection><num>(5)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>amend this section so as to change the required information about the applicant in the case of a firm or individual applying to become an authorised corporate service provider;</p></content></level><level class="para1"><num>(b)</num><content><p>repeal subsection <ref href="#d28e9815">(4)</ref>.</p></content></level></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section eId="d28e9854"><num>1098D</num><heading>Delivery of applications under section <ref href="#d28e9563">1098B</ref> on behalf of a firm</heading><intro><p>An application under section <ref href="#d28e9563">1098B</ref> by a firm mentioned in the first column of the table—</p></intro><level class="para1"><num>(a)</num><content><p>must be delivered to the registrar on its behalf by a relevant officer mentioned in the second column who is an individual (see also section 1067A(2)), and</p></content></level><level class="para1"><num>(b)</num><content><p>must be accompanied by a statement by the individual confirming their status as a relevant officer of the firm.</p></content></level><wrapUp><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:44%"/><default:col span="1" style="width:56%"/><default:thead><default:tr><default:th><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Firm</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Relevant officer</p></default:th></default:tr></default:thead><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-color="black" fo:border-top-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">company</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">director</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">body corporate other than a company</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-left-width="0.5pt" fo:border-left-style="solid"><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>where the body’s affairs are managed by its members, a member of the body;</p></item><item><num>(b)</num><p>in any other case, any officer of the body whose functions correspond to that of a director of a company.</p></item></blockList></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">partnership</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-left-width="0.5pt" fo:border-left-style="solid"><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>in relation to a limited partnership, a general partner as defined by section 3 of the Limited Partnerships Act 1907;</p></item><item><num>(b)</num><p>in relation to any other partnership, a member of the partnership</p></item></blockList></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">unincorporated body other than a partnership</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-left-width="0.5pt" fo:border-left-style="solid"><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>where the body’s affairs are managed by its members, a member of the body;</p></item><item><num>(b)</num><p>in any other case, a member of the governing body.</p></item></blockList></default:td></default:tr></default:tbody></default:table></foreign></tblock></wrapUp></section><section eId="d28e9933"><num>1098E</num><heading>Updating duties of authorised corporate service providers</heading><subsection><num>(1)</num><content><p>A person who is an authorised corporate service provider must notify the registrar of any change in its supervisory authority or authorities for the purposes of the Money Laundering Regulations within the period of 14 days beginning with the date on which the change occurs.</p></content></subsection><subsection><num>(2)</num><content><p>Where the change is the result of an agreement under regulation 7(2) of the Money Laundering Regulations, for the purposes of this section the change is not to be treated as having occurred until the authority that has agreed to act notifies the person or publishes the agreement under regulation 7(3).</p></content></subsection><subsection eId="d28e9949"><num>(3)</num><content><p>A person who, without reasonable excuse, fails to comply with this section commits an offence.</p></content></subsection><subsection><num>(4)</num><content><p>Where the offence is committed by a firm, every officer of the firm who is in default also commits the offence.</p></content></subsection><subsection eId="d28e9961"><num>(5)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(6)</num><content><p>In this section “Money Laundering Regulations” and “supervisory authority” have the meanings given by section <ref href="#d28e9563">1098B</ref><ref href="#d28e9696">(8)</ref>.</p></content></subsection></section><section eId="d28e9993"><num>1098F</num><heading>Ceasing to be an authorised corporate service provider</heading><subsection eId="d28e9997"><num>(1)</num><content><p>A person ceases to be an authorised corporate service provider if the person ceases to be a relevant person as defined by regulation 8(1) of the Money Laundering Regulations.</p></content></subsection><subsection eId="d28e10003"><num>(2)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1" eId="d28e10009"><num>(a)</num><content><p>provide for other circumstances in which a person ceases to be an authorised corporate service provider, whether automatically or as a result of a decision taken by the registrar;</p></content></level><level class="para1"><num>(b)</num><content><p>provide for circumstances in which the registrar may suspend a person’s status as an authorised corporate service provider pending a decision by the registrar under regulations made by virtue of paragraph <ref href="#d28e10009">(a)</ref>.</p></content></level></subsection><subsection><num>(3)</num><intro><p>The provision that can be made under subsection <ref href="#d28e10003">(2)</ref> includes provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>procedure;</p></content></level><level class="para1"><num>(b)</num><content><p>the period of a suspension;</p></content></level><level class="para1"><num>(c)</num><content><p>the revocation of a suspension.</p></content></level></subsection><subsection><num>(4)</num><content><p>The provision that can be made in regulations under subsection <ref href="#d28e10003">(2)</ref> includes provision conferring a discretion on the registrar.</p></content></subsection><subsection><num>(5)</num><content><p>Regulations under subsection <ref href="#d28e10003">(2)</ref> are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-money-laundering-regulations">Money Laundering Regulations</term>” has the meaning given by section <ref href="#d28e9563">1098B</ref><ref href="#d28e9696">(8)</ref>.</p></content></subsection></section><section eId="d28e10086"><num>1098G</num><heading>Power to impose duties to provide information</heading><subsection eId="d28e10090"><num>(1)</num><content><p>The Secretary of State may by regulations require a person who is or has been an authorised corporate service provider to provide information to the registrar in accordance with the regulations (including information for the purpose of monitoring compliance with the requirements of this Act).</p></content></subsection><subsection><num>(2)</num><content><p>The provision that may be made by regulations under subsection <ref href="#d28e10090">(1)</ref> includes provision requiring information to be provided on request, on the occurrence of an event or at regular intervals.</p></content></subsection><subsection><num>(3)</num><content><p>The circumstances that may be specified under section <ref href="#d28e9993">1098F</ref><ref href="#d28e10003">(2)</ref> include failure to comply with a requirement under subsection <ref href="#d28e10090">(1)</ref>.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations under this section may create offences in relation to failures to comply with requirements imposed by the regulations.</p></content></subsection><subsection><num>(5)</num><intro><p>The regulations must provide for any such offence to be punishable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales with a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, with a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(6)</num><content><p>The provision that can be made in regulations under this section includes provision conferring a discretion on the registrar.</p></content></subsection><subsection><num>(7)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section eId="d28e10158"><num>1098H</num><heading>Power to enable authorisation of foreign corporate service providers</heading><subsection eId="d28e10162"><num>(1)</num><content><p>The Secretary of State may by regulations make provision for the purposes of enabling a person who is subject to a relevant regulatory regime under the law of a territory outside the United Kingdom to become an authorised corporate service provider, even if the person is not a relevant person as defined by regulation 8(1) of the Money Laundering Regulations.</p></content></subsection><subsection><num>(2)</num><content><p>In subsection <ref href="#d28e10162">(1)</ref> “<term refersTo="#term-relevant-regulatory-regime">relevant regulatory regime</term>” means a regulatory regime that, in the opinion of the Secretary of State, has similar objectives to the regulatory regime under the Money Laundering Regulations for relevant persons and is likely to be no less effective in achieving those objectives.</p></content></subsection><subsection><num>(3)</num><intro><p>Regulations under this section—</p></intro><level class="para1"><num>(a)</num><content><p>may amend any of sections <ref href="#d28e9563">1098B</ref> to <ref href="#d28e10086">1098G</ref> or insert new sections into this Act;</p></content></level><level class="para1"><num>(b)</num><content><p>may make consequential amendments or repeals in other provisions of this Act.</p></content></level></subsection><subsection><num>(4)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(5)</num><content><p>In this section “<term refersTo="#term-money-laundering-regulations">Money Laundering Regulations</term>” has the meaning given by section <ref href="#d28e9563">1098B</ref><ref href="#d28e9696">(8)</ref>.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-66-5"><num>(5)</num><content><p><mod>In Schedule 8 (index of defined expressions), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:70%"/><default:col span="1" style="width:30%"/><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">authorised corporate service provider</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">section <ref href="#d28e9524">1098A</ref></p></default:td></default:tr></default:tbody></default:table></foreign></tblock></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-66-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-66-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (3), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>sections <ref href="#d28e9524">1098A</ref> to <ref href="#d28e10158">1098H</ref> (authorised corporate service providers),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-66-3"><num>(3)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), after paragraph (ga) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e9491"><num>(gb)</num><content><p>any application or other document delivered to the registrar under section <ref href="#d28e9563">1098B</ref>, <ref href="#d28e9854">1098D</ref> or <ref href="#d28e9933">1098E</ref> or regulations under section <ref href="#d28e10086">1098G</ref> (authorised corporate service providers);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-66-4"><num>(4)</num><content><p><mod>After section 1098 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Authorised corporate service providers</heading><section eId="d28e9524"><num>1098A</num><heading>Meaning of “authorised corporate service provider”</heading><intro><p>In this Act “<term refersTo="#term-authorised-corporate-service-provider">authorised corporate service provider</term>” means a person—</p></intro><level class="para1"><num>(a)</num><content><p>whose application to the registrar to become an authorised corporate service provider for the purposes of this Act has been granted (see section <ref href="#d28e9563">1098B</ref>),</p></content></level><level class="para1"><num>(b)</num><content><p>who has not since ceased to be an authorised corporate service provider by virtue of section <ref href="#d28e9993">1098F</ref>, and</p></content></level><level class="para1"><num>(c)</num><content><p>whose status as an authorised corporate service provider is not for the time being suspended by virtue of section <ref href="#d28e9993">1098F</ref>.</p></content></level></section><section eId="d28e9563"><num>1098B</num><heading>Application to become authorised corporate service provider</heading><subsection><num>(1)</num><intro><p>A person may apply to the registrar to become an authorised corporate service provider for the purposes of this Act if—</p></intro><level class="para1" eId="d28e9573"><num>(a)</num><content><p>the person is a relevant person as defined by regulation 8(1) of the Money Laundering Regulations,</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of an individual, their identity is verified (see section <ref href="#d28e9205">1110A</ref>), and</p></content></level><level class="para1" eId="d28e9588"><num>(c)</num><content><p>the person meets any other requirements imposed by regulations made by the Secretary of State for the purposes of this paragraph.</p></content></level></subsection><subsection eId="d28e9594"><num>(2)</num><intro><p>An application under this section must contain—</p></intro><level class="para1"><num>(a)</num><content><p>the name of the applicant’s supervisory authority or authorities for the purposes of the Money Laundering Regulations,</p></content></level><level class="para1"><num>(b)</num><content><p>the required information about the applicant (see section <ref href="#d28e9727">1098C</ref>), and</p></content></level><level class="para1" eId="d28e9615"><num>(c)</num><content><p>in the case of an application by an individual, a statement that the individual’s identity is verified (see section 1110A).</p></content></level><wrapUp><p>(See also section <ref href="#d28e9854">1098D</ref>, which imposes restrictions on who may deliver an application under this section on behalf of a firm.)</p></wrapUp></subsection><subsection eId="d28e9627"><num>(3)</num><content><p>Where an application is made under this section, the registrar must check with the supervisory authority, or at least one of the supervisory authorities, specified in the application, to find out whether the applicant is known to and supervised by that authority.</p></content></subsection><subsection eId="d28e9633"><num>(4)</num><intro><p>Having carried out that check, the registrar must grant the application if—</p></intro><level class="para1"><num>(a)</num><content><p>the supervisory authority, or at least one of the supervisory authorities, specified in the application has confirmed that the applicant is known to and supervised by that authority,</p></content></level><level class="para1"><num>(b)</num><content><p>where the applicant is an individual, the registrar is satisfied that their identity is verified (see section <ref href="#d28e9205">1110A</ref>),</p></content></level><level class="para1" eId="d28e9654"><num>(c)</num><content><p>any other conditions that may be specified by regulations made by the Secretary of State for the purposes of this paragraph are met, and</p></content></level><level class="para1"><num>(d)</num><content><p>the registrar is not required by subsection <ref href="#d28e9669">(5)</ref> to refuse the application.</p></content></level></subsection><subsection eId="d28e9669"><num>(5)</num><content><p>The registrar must refuse the application if it appears to the registrar that the applicant is not a fit and proper person to carry out the functions of an authorised corporate service provider.</p></content></subsection><subsection><num>(6)</num><content><p>The provision that can be made in regulations under subsection <ref href="#d28e9654">(4)(c)</ref> includes provision conferring a discretion on the registrar.</p></content></subsection><subsection><num>(7)</num><content><p>Regulations under subsection <ref href="#d28e9588">(1)(c)</ref> or <ref href="#d28e9654">(4)(c)</ref> are subject to affirmative resolution procedure.</p></content></subsection><subsection eId="d28e9696"><num>(8)</num><intro><p>For the purposes of this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-money-laundering-regulations">Money Laundering Regulations</term>” means the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (<ref eId="c00008" href="http://www.legislation.gov.uk/id/uksi/2017/692">S.I. 2017/692</ref>);</p></content></hcontainer><hcontainer name="definition"><content><p>“supervised”: a person is supervised by a supervisory authority if regulation 7(1) of the Money Laundering Regulations provides that it is a supervisory authority for that person;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-supervisory-authority">supervisory authority</term>” means an authority that is a supervisory authority under the Money Laundering Regulations (see regulation 7 of those Regulations).</p></content></hcontainer></subsection></section><section eId="d28e9727"><num>1098C</num><heading>The required information about an applicant</heading><subsection eId="d28e9731"><num>(1)</num><intro><p>The “required information” about the applicant, in the case of a firm that is applying to become an authorised corporate service provider, means—</p></intro><level class="para1"><num>(a)</num><content><p>firm name,</p></content></level><level class="para1"><num>(b)</num><content><p>principal office,</p></content></level><level class="para1"><num>(c)</num><content><p>a service address,</p></content></level><level class="para1"><num>(d)</num><content><p>an email address,</p></content></level><level class="para1"><num>(e)</num><content><p>the legal form of the firm and the law by which it is governed, and</p></content></level><level class="para1"><num>(f)</num><content><p>if applicable, the register in which it is entered (including details of the state) and its registration number in that register.</p></content></level></subsection><subsection eId="d28e9773"><num>(2)</num><intro><p>The “required information” about the applicant, in the case of an individual who is applying to become an authorised corporate service provider, means—</p></intro><level class="para1" eId="d28e9779"><num>(a)</num><content><p>name, nationality and date of birth,</p></content></level><level class="para1"><num>(b)</num><content><p>a service address,</p></content></level><level class="para1"><num>(c)</num><content><p>an email address, and</p></content></level><level class="para1"><num>(d)</num><content><p>the part of the United Kingdom in which the person is usually resident or, if the person is usually resident in a country or state outside the United Kingdom, that country or state.</p></content></level></subsection><subsection><num>(3)</num><content><p>In subsection <ref href="#d28e9779">(2)(a)</ref> “<term refersTo="#term-name">name</term>” means forename and surname.</p></content></subsection><subsection eId="d28e9815"><num>(4)</num><content><p>Where the applicant is a peer or an individual usually known by a title, the requirement for the application to contain their name may be satisfied by providing that title instead of the individual’s forename and surname.</p></content></subsection><subsection><num>(5)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>amend this section so as to change the required information about the applicant in the case of a firm or individual applying to become an authorised corporate service provider;</p></content></level><level class="para1"><num>(b)</num><content><p>repeal subsection <ref href="#d28e9815">(4)</ref>.</p></content></level></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section eId="d28e9854"><num>1098D</num><heading>Delivery of applications under section <ref href="#d28e9563">1098B</ref> on behalf of a firm</heading><intro><p>An application under section <ref href="#d28e9563">1098B</ref> by a firm mentioned in the first column of the table—</p></intro><level class="para1"><num>(a)</num><content><p>must be delivered to the registrar on its behalf by a relevant officer mentioned in the second column who is an individual (see also section 1067A(2)), and</p></content></level><level class="para1"><num>(b)</num><content><p>must be accompanied by a statement by the individual confirming their status as a relevant officer of the firm.</p></content></level><wrapUp><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:44%"/><default:col span="1" style="width:56%"/><default:thead><default:tr><default:th><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Firm</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Relevant officer</p></default:th></default:tr></default:thead><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-color="black" fo:border-top-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">company</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">director</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">body corporate other than a company</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-left-width="0.5pt" fo:border-left-style="solid"><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>where the body’s affairs are managed by its members, a member of the body;</p></item><item><num>(b)</num><p>in any other case, any officer of the body whose functions correspond to that of a director of a company.</p></item></blockList></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">partnership</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-left-width="0.5pt" fo:border-left-style="solid"><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>in relation to a limited partnership, a general partner as defined by section 3 of the Limited Partnerships Act 1907;</p></item><item><num>(b)</num><p>in relation to any other partnership, a member of the partnership</p></item></blockList></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">unincorporated body other than a partnership</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-left-width="0.5pt" fo:border-left-style="solid"><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>where the body’s affairs are managed by its members, a member of the body;</p></item><item><num>(b)</num><p>in any other case, a member of the governing body.</p></item></blockList></default:td></default:tr></default:tbody></default:table></foreign></tblock></wrapUp></section><section eId="d28e9933"><num>1098E</num><heading>Updating duties of authorised corporate service providers</heading><subsection><num>(1)</num><content><p>A person who is an authorised corporate service provider must notify the registrar of any change in its supervisory authority or authorities for the purposes of the Money Laundering Regulations within the period of 14 days beginning with the date on which the change occurs.</p></content></subsection><subsection><num>(2)</num><content><p>Where the change is the result of an agreement under regulation 7(2) of the Money Laundering Regulations, for the purposes of this section the change is not to be treated as having occurred until the authority that has agreed to act notifies the person or publishes the agreement under regulation 7(3).</p></content></subsection><subsection eId="d28e9949"><num>(3)</num><content><p>A person who, without reasonable excuse, fails to comply with this section commits an offence.</p></content></subsection><subsection><num>(4)</num><content><p>Where the offence is committed by a firm, every officer of the firm who is in default also commits the offence.</p></content></subsection><subsection eId="d28e9961"><num>(5)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(6)</num><content><p>In this section “Money Laundering Regulations” and “supervisory authority” have the meanings given by section <ref href="#d28e9563">1098B</ref><ref href="#d28e9696">(8)</ref>.</p></content></subsection></section><section eId="d28e9993"><num>1098F</num><heading>Ceasing to be an authorised corporate service provider</heading><subsection eId="d28e9997"><num>(1)</num><content><p>A person ceases to be an authorised corporate service provider if the person ceases to be a relevant person as defined by regulation 8(1) of the Money Laundering Regulations.</p></content></subsection><subsection eId="d28e10003"><num>(2)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1" eId="d28e10009"><num>(a)</num><content><p>provide for other circumstances in which a person ceases to be an authorised corporate service provider, whether automatically or as a result of a decision taken by the registrar;</p></content></level><level class="para1"><num>(b)</num><content><p>provide for circumstances in which the registrar may suspend a person’s status as an authorised corporate service provider pending a decision by the registrar under regulations made by virtue of paragraph <ref href="#d28e10009">(a)</ref>.</p></content></level></subsection><subsection><num>(3)</num><intro><p>The provision that can be made under subsection <ref href="#d28e10003">(2)</ref> includes provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>procedure;</p></content></level><level class="para1"><num>(b)</num><content><p>the period of a suspension;</p></content></level><level class="para1"><num>(c)</num><content><p>the revocation of a suspension.</p></content></level></subsection><subsection><num>(4)</num><content><p>The provision that can be made in regulations under subsection <ref href="#d28e10003">(2)</ref> includes provision conferring a discretion on the registrar.</p></content></subsection><subsection><num>(5)</num><content><p>Regulations under subsection <ref href="#d28e10003">(2)</ref> are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-money-laundering-regulations">Money Laundering Regulations</term>” has the meaning given by section <ref href="#d28e9563">1098B</ref><ref href="#d28e9696">(8)</ref>.</p></content></subsection></section><section eId="d28e10086"><num>1098G</num><heading>Power to impose duties to provide information</heading><subsection eId="d28e10090"><num>(1)</num><content><p>The Secretary of State may by regulations require a person who is or has been an authorised corporate service provider to provide information to the registrar in accordance with the regulations (including information for the purpose of monitoring compliance with the requirements of this Act).</p></content></subsection><subsection><num>(2)</num><content><p>The provision that may be made by regulations under subsection <ref href="#d28e10090">(1)</ref> includes provision requiring information to be provided on request, on the occurrence of an event or at regular intervals.</p></content></subsection><subsection><num>(3)</num><content><p>The circumstances that may be specified under section <ref href="#d28e9993">1098F</ref><ref href="#d28e10003">(2)</ref> include failure to comply with a requirement under subsection <ref href="#d28e10090">(1)</ref>.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations under this section may create offences in relation to failures to comply with requirements imposed by the regulations.</p></content></subsection><subsection><num>(5)</num><intro><p>The regulations must provide for any such offence to be punishable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales with a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, with a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(6)</num><content><p>The provision that can be made in regulations under this section includes provision conferring a discretion on the registrar.</p></content></subsection><subsection><num>(7)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section eId="d28e10158"><num>1098H</num><heading>Power to enable authorisation of foreign corporate service providers</heading><subsection eId="d28e10162"><num>(1)</num><content><p>The Secretary of State may by regulations make provision for the purposes of enabling a person who is subject to a relevant regulatory regime under the law of a territory outside the United Kingdom to become an authorised corporate service provider, even if the person is not a relevant person as defined by regulation 8(1) of the Money Laundering Regulations.</p></content></subsection><subsection><num>(2)</num><content><p>In subsection <ref href="#d28e10162">(1)</ref> “<term refersTo="#term-relevant-regulatory-regime">relevant regulatory regime</term>” means a regulatory regime that, in the opinion of the Secretary of State, has similar objectives to the regulatory regime under the Money Laundering Regulations for relevant persons and is likely to be no less effective in achieving those objectives.</p></content></subsection><subsection><num>(3)</num><intro><p>Regulations under this section—</p></intro><level class="para1"><num>(a)</num><content><p>may amend any of sections <ref href="#d28e9563">1098B</ref> to <ref href="#d28e10086">1098G</ref> or insert new sections into this Act;</p></content></level><level class="para1"><num>(b)</num><content><p>may make consequential amendments or repeals in other provisions of this Act.</p></content></level></subsection><subsection><num>(4)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(5)</num><content><p>In this section “<term refersTo="#term-money-laundering-regulations">Money Laundering Regulations</term>” has the meaning given by section <ref href="#d28e9563">1098B</ref><ref href="#d28e9696">(8)</ref>.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-66-5"><num>(5)</num><content><p><mod>In Schedule 8 (index of defined expressions), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:70%"/><default:col span="1" style="width:30%"/><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">authorised corporate service provider</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">section <ref href="#d28e9524">1098A</ref></p></default:td></default:tr></default:tbody></default:table></foreign></tblock></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-67"><num>67</num><heading>Exemption from identity verification: national security grounds</heading><subsection eId="section-67-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-67-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (4), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e10287">1110C</ref> (identity verification: exemption on national security grounds),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-67-3"><num>(3)</num><content><p><mod>After section 1110B (inserted by section 65 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e10287"><num>1110C</num><heading>Identity verification: exemption on national security grounds etc</heading><subsection><num>(1)</num><intro><p>The Secretary of State may, by written notice given to a person, provide for one or more of the effects listed in subsection <ref href="#d28e10312">(2)</ref> to apply in relation to the person, if satisfied that to do so is necessary—</p></intro><level class="para1"><num>(a)</num><content><p>in the interests of national security, or</p></content></level><level class="para1" eId="d28e10306"><num>(b)</num><content><p>for the purposes of preventing or detecting serious crime.</p></content></level></subsection><subsection eId="d28e10312"><num>(2)</num><intro><p>The effects for which the notice may provide are that—</p></intro><level class="para1"><num>(a)</num><content><p>where a statement of proposed officers names the person as a director, section 12<ref href="#d28e685">(2A)</ref> does not require a statement under that subsection to be made in relation to the person;</p></content></level><level class="para1"><num>(b)</num><content><p>section <ref href="#d28e32750">167G</ref><ref href="#d28e32796">(3)(c)</ref> does not apply in relation to a notice of the person having become a director;</p></content></level><level class="para1"><num>(c)</num><content><p>section <ref href="#d28e5391">167M</ref><ref href="#d28e5395">(1)</ref> does not apply in relation to the person and section 167M(2) does not impose any obligation on a company in relation to the person;</p></content></level><level class="para1"><num>(d)</num><content><p>section <ref href="#d28e5488">167N</ref><ref href="#d28e5492">(1)</ref> does not apply in relation to the person;</p></content></level><level class="para1"><num>(e)</num><content><p>section 1067A does not apply in relation to the delivery of documents to the registrar by the person on their own behalf or on behalf of another;</p></content></level><level class="para1"><num>(f)</num><content><p>section 1098B(2)(c) does not apply in relation to the person.</p></content></level></subsection><subsection><num>(3)</num><intro><p>For the purposes of subsection <ref href="#d28e10306">(1)(b)</ref>—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-crime">crime</term>” means conduct which—</p></intro><level class="para2"><num>(i)</num><content><p>constitutes a criminal offence, or</p></content></level><level class="para2"><num>(ii)</num><content><p>is, or corresponds to, any conduct which, if it all took place in any one part of the United Kingdom, would constitute a criminal offence, and</p></content></level></level><level class="para1"><num>(b)</num><intro><p>crime is “serious” if—</p></intro><level class="para2"><num>(i)</num><content><p>the offence which is or would be constituted by the conduct is an offence for which the maximum sentence (in any part of the United Kingdom) is imprisonment for 3 years or more, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the conduct involves the use of violence, results in substantial financial gain or is conduct by a large number of persons in pursuit of a common purpose.</p></content></level></level></subsection></section></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-67-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-67-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (4), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e10287">1110C</ref> (identity verification: exemption on national security grounds),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-67-3"><num>(3)</num><content><p><mod>After section 1110B (inserted by section 65 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e10287"><num>1110C</num><heading>Identity verification: exemption on national security grounds etc</heading><subsection><num>(1)</num><intro><p>The Secretary of State may, by written notice given to a person, provide for one or more of the effects listed in subsection <ref href="#d28e10312">(2)</ref> to apply in relation to the person, if satisfied that to do so is necessary—</p></intro><level class="para1"><num>(a)</num><content><p>in the interests of national security, or</p></content></level><level class="para1" eId="d28e10306"><num>(b)</num><content><p>for the purposes of preventing or detecting serious crime.</p></content></level></subsection><subsection eId="d28e10312"><num>(2)</num><intro><p>The effects for which the notice may provide are that—</p></intro><level class="para1"><num>(a)</num><content><p>where a statement of proposed officers names the person as a director, section 12<ref href="#d28e685">(2A)</ref> does not require a statement under that subsection to be made in relation to the person;</p></content></level><level class="para1"><num>(b)</num><content><p>section <ref href="#d28e32750">167G</ref><ref href="#d28e32796">(3)(c)</ref> does not apply in relation to a notice of the person having become a director;</p></content></level><level class="para1"><num>(c)</num><content><p>section <ref href="#d28e5391">167M</ref><ref href="#d28e5395">(1)</ref> does not apply in relation to the person and section 167M(2) does not impose any obligation on a company in relation to the person;</p></content></level><level class="para1"><num>(d)</num><content><p>section <ref href="#d28e5488">167N</ref><ref href="#d28e5492">(1)</ref> does not apply in relation to the person;</p></content></level><level class="para1"><num>(e)</num><content><p>section 1067A does not apply in relation to the delivery of documents to the registrar by the person on their own behalf or on behalf of another;</p></content></level><level class="para1"><num>(f)</num><content><p>section 1098B(2)(c) does not apply in relation to the person.</p></content></level></subsection><subsection><num>(3)</num><intro><p>For the purposes of subsection <ref href="#d28e10306">(1)(b)</ref>—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-crime">crime</term>” means conduct which—</p></intro><level class="para2"><num>(i)</num><content><p>constitutes a criminal offence, or</p></content></level><level class="para2"><num>(ii)</num><content><p>is, or corresponds to, any conduct which, if it all took place in any one part of the United Kingdom, would constitute a criminal offence, and</p></content></level></level><level class="para1"><num>(b)</num><intro><p>crime is “serious” if—</p></intro><level class="para2"><num>(i)</num><content><p>the offence which is or would be constituted by the conduct is an offence for which the maximum sentence (in any part of the United Kingdom) is imprisonment for 3 years or more, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the conduct involves the use of violence, results in substantial financial gain or is conduct by a large number of persons in pursuit of a common purpose.</p></content></level></level></subsection></section></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-68"><num>68</num><heading>Allocation of unique identifiers</heading><subsection eId="section-68-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-68-2"><num>(2)</num><intro><p>In section 1082 (allocation of unique identifiers)—</p></intro><level class="para1" eId="section-68-2-a"><num>(a)</num><intro><p>in subsection (1)—</p></intro><level class="para2" eId="section-68-2-a-i"><num>(i)</num><content><p><mod>after “may” insert <quotedText>“by regulations”</quotedText>;</mod></p></content></level><level class="para2" eId="section-68-2-a-ii"><num>(ii)</num><content><p><mod>after “in connection with the register” insert <quotedText>“or dealings with the registrar”</quotedText>;</mod></p></content></level><level class="para2" eId="section-68-2-a-iii"><num>(iii)</num><content><p><mod>after paragraph (b) (but before the “or” at the end of that paragraph) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>is an authorised corporate service provider;</p></content></level><level class="para1"><num>(bb)</num><content><p>is an individual whose identity is verified,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="section-68-2-b"><num>(b)</num><content><p><mod>subsection (2)(c), for “a statement of the person’s name” substitute <quotedText>“any statement by or referring to the person”</quotedText>;</mod></p></content></level><level class="para1" eId="section-68-2-c"><num>(c)</num><content><p><mod>in subsection (2), for paragraph (d) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><intro><p>confer power on the registrar—</p></intro><level class="para2"><num>(i)</num><content><p>to give a person a new unique identifier;</p></content></level><level class="para2"><num>(ii)</num><content><p>to discontinue the use of a unique identifier for a person who is allocated a new identifier or who has more than one.</p></content></level></level></quotedStructure></mod></p></content></level></subsection><subsection eId="section-68-3"><num>(3)</num><content><p><mod>In section 1087 (material not available for public inspection), after paragraph (d) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(dza)</num><content><p>any statement made in accordance with regulations made by virtue of section 1082(2)(c).</p></content></level></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-68-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-68-2"><num>(2)</num><intro><p>In section 1082 (allocation of unique identifiers)—</p></intro><level class="para1" eId="section-68-2-a"><num>(a)</num><intro><p>in subsection (1)—</p></intro><level class="para2" eId="section-68-2-a-i"><num>(i)</num><content><p><mod>after “may” insert <quotedText>“by regulations”</quotedText>;</mod></p></content></level><level class="para2" eId="section-68-2-a-ii"><num>(ii)</num><content><p><mod>after “in connection with the register” insert <quotedText>“or dealings with the registrar”</quotedText>;</mod></p></content></level><level class="para2" eId="section-68-2-a-iii"><num>(iii)</num><content><p><mod>after paragraph (b) (but before the “or” at the end of that paragraph) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>is an authorised corporate service provider;</p></content></level><level class="para1"><num>(bb)</num><content><p>is an individual whose identity is verified,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="section-68-2-b"><num>(b)</num><content><p><mod>subsection (2)(c), for “a statement of the person’s name” substitute <quotedText>“any statement by or referring to the person”</quotedText>;</mod></p></content></level><level class="para1" eId="section-68-2-c"><num>(c)</num><content><p><mod>in subsection (2), for paragraph (d) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><intro><p>confer power on the registrar—</p></intro><level class="para2"><num>(i)</num><content><p>to give a person a new unique identifier;</p></content></level><level class="para2"><num>(ii)</num><content><p>to discontinue the use of a unique identifier for a person who is allocated a new identifier or who has more than one.</p></content></level></level></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-68-2-a"><num>(a)</num><intro><p>in subsection (1)—</p></intro><level class="para2" eId="section-68-2-a-i"><num>(i)</num><content><p><mod>after “may” insert <quotedText>“by regulations”</quotedText>;</mod></p></content></level><level class="para2" eId="section-68-2-a-ii"><num>(ii)</num><content><p><mod>after “in connection with the register” insert <quotedText>“or dealings with the registrar”</quotedText>;</mod></p></content></level><level class="para2" eId="section-68-2-a-iii"><num>(iii)</num><content><p><mod>after paragraph (b) (but before the “or” at the end of that paragraph) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>is an authorised corporate service provider;</p></content></level><level class="para1"><num>(bb)</num><content><p>is an individual whose identity is verified,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-68-2-a-i"><num>(i)</num><content><p><mod>after “may” insert <quotedText>“by regulations”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-68-2-a-ii"><num>(ii)</num><content><p><mod>after “in connection with the register” insert <quotedText>“or dealings with the registrar”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="section-68-2-a-iii"><num>(iii)</num><content><p><mod>after paragraph (b) (but before the “or” at the end of that paragraph) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>is an authorised corporate service provider;</p></content></level><level class="para1"><num>(bb)</num><content><p>is an individual whose identity is verified,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-68-2-b"><num>(b)</num><content><p><mod>subsection (2)(c), for “a statement of the person’s name” substitute <quotedText>“any statement by or referring to the person”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-68-2-c"><num>(c)</num><content><p><mod>in subsection (2), for paragraph (d) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><intro><p>confer power on the registrar—</p></intro><level class="para2"><num>(i)</num><content><p>to give a person a new unique identifier;</p></content></level><level class="para2"><num>(ii)</num><content><p>to discontinue the use of a unique identifier for a person who is allocated a new identifier or who has more than one.</p></content></level></level></quotedStructure></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-68-3"><num>(3)</num><content><p><mod>In section 1087 (material not available for public inspection), after paragraph (d) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(dza)</num><content><p>any statement made in accordance with regulations made by virtue of section 1082(2)(c).</p></content></level></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-69"><num>69</num><heading>Identity verification: material unavailable for public inspection</heading><intro><p>In section 1087 of the Companies Act 2006 (material unavailable for public inspection), in subsection (1)—</p></intro><level class="para1" eId="section-69-a"><num>(a)</num><content><p><mod>in the words before paragraph (a), after “not” insert <quotedText>“, so far as it forms part of the register,”</quotedText>;</mod></p></content></level><level class="para1" eId="section-69-b"><num>(b)</num><content><p><mod>after paragraph (gc) (inserted by section 65 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(gd)</num><content><p>any statement or other document delivered to the registrar by virtue of any of the following provisions (which relate to identity verification)—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 12<ref href="#d28e685">(2A)</ref>;</p></item><item><p>section <ref href="#d28e975">12B</ref><ref href="#d28e985">(2)</ref> to <ref href="#d28e1014">(4)</ref>;</p></item><item><p>section <ref href="#d28e32750">167G</ref><ref href="#d28e32796">(3)(c)</ref>;</p></item><item><p>section <ref href="#d28e34846">790LB</ref><ref href="#d28e34850">(1)</ref> to <ref href="#d28e34874">(3)</ref>;</p></item><item><p>section <ref href="#d28e8230">790LM</ref><ref href="#d28e8289">(2)</ref>;</p></item><item><p>section <ref href="#d28e8432">790LO</ref><ref href="#d28e8503">(2)</ref>;</p></item><item><p>section <ref href="#d28e8999">790LS</ref><ref href="#d28e9003">(1)</ref> to <ref href="#d28e9030">(3)</ref>;</p></item><item><p>section <ref href="#d28e11054">1067A</ref>;</p></item></blockList></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></section>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-69-a"><num>(a)</num><content><p><mod>in the words before paragraph (a), after “not” insert <quotedText>“, so far as it forms part of the register,”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-69-b"><num>(b)</num><content><p><mod>after paragraph (gc) (inserted by section 65 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(gd)</num><content><p>any statement or other document delivered to the registrar by virtue of any of the following provisions (which relate to identity verification)—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 12<ref href="#d28e685">(2A)</ref>;</p></item><item><p>section <ref href="#d28e975">12B</ref><ref href="#d28e985">(2)</ref> to <ref href="#d28e1014">(4)</ref>;</p></item><item><p>section <ref href="#d28e32750">167G</ref><ref href="#d28e32796">(3)(c)</ref>;</p></item><item><p>section <ref href="#d28e34846">790LB</ref><ref href="#d28e34850">(1)</ref> to <ref href="#d28e34874">(3)</ref>;</p></item><item><p>section <ref href="#d28e8230">790LM</ref><ref href="#d28e8289">(2)</ref>;</p></item><item><p>section <ref href="#d28e8432">790LO</ref><ref href="#d28e8503">(2)</ref>;</p></item><item><p>section <ref href="#d28e8999">790LS</ref><ref href="#d28e9003">(1)</ref> to <ref href="#d28e9030">(3)</ref>;</p></item><item><p>section <ref href="#d28e11054">1067A</ref>;</p></item></blockList></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-striking-off-and-restoration-to-the-register"><heading>Striking off and restoration to the register</heading><section eId="section-70"><num>70</num><heading>Registrar’s power to strike off company registered on false basis</heading><subsection eId="section-70-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-70-2"><num>(2)</num><content><p><mod>After section 1002 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Registrar’s power to strike off company registered on false basis</heading><section><num>1002A</num><heading>Power to strike off company registered on false basis</heading><subsection eId="d28e10681"><num>(1)</num><intro><p>The registrar may strike a company’s name off the register if the registrar has reasonable cause to believe that—</p></intro><level class="para1" eId="d28e10687"><num>(a)</num><content><p>any information contained in the application for the registration of the company, or in any application for restoration of the company to the register, is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1" eId="d28e10693"><num>(b)</num><content><p>any statement made to the registrar in connection with such an application is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>In subsection <ref href="#d28e10681">(1)</ref> the reference to an application includes any documents delivered to the registrar in connection with the application.</p></content></subsection><subsection><num>(3)</num><intro><p>The registrar may not exercise the power in subsection <ref href="#d28e10681">(1)</ref> unless—</p></intro><level class="para1" eId="d28e10717"><num>(a)</num><content><p>the registrar has published a notice in the Gazette that, at the end of the period of 28 days beginning with the date of the notice, the name of the company mentioned in the notice will, unless cause is shown to the contrary, be struck off the register and the company will be dissolved, and</p></content></level><level class="para1"><num>(b)</num><content><p>the period mentioned in paragraph <ref href="#d28e10717">(a)</ref> has expired.</p></content></level></subsection><subsection><num>(4)</num><content><p>If the registrar exercises the power in subsection <ref href="#d28e10681">(1)</ref>, the registrar must publish a notice in the Gazette of the company’s name having been struck off the register.</p></content></subsection><subsection><num>(5)</num><content><p>On the publication of the notice in the Gazette the company is dissolved.</p></content></subsection><subsection><num>(6)</num><intro><p>However—</p></intro><level class="para1"><num>(a)</num><content><p>the liability (if any) of every director, managing officer or member of the company continues and may be enforced as if the company had not been dissolved, and</p></content></level><level class="para1"><num>(b)</num><content><p>nothing in this section affects the power of the court to wind up a company the name of which has been struck off the register.</p></content></level></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-70-3"><num>(3)</num><content><p><mod>In section 1024 (application for administrative restoration to the register), in subsection (1), for the words from “section” to the end substitute <quotedText startQuote="“">—</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(a)</num><content><p>section 1000 or 1001 (power of registrar to strike off defunct company), or</p></content></level><level class="para1"><num>(b)</num><content><p>section 1002A (power of registrar to strike off company registered on false basis).</p></content></level></quotedStructure></mod></p></content></subsection><subsection eId="section-70-4"><num>(4)</num><content><p><mod>In section 1025 (requirements for administrative restoration), for subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><intro><p>The first condition is that—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a company struck off the register under section 1000 or 1001, the company was carrying on business or in operation at the time of its striking off;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of a company struck off the register under section 1002A, at the time of its striking off, the registrar did not have reasonable cause to believe the matter set out in section 1002A(1)(a) or (b).</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-70-5"><num>(5)</num><content><p><mod>In section 1028A (administrative restoration of company with share warrants), in subsection (1), for “or 1001” substitute <quotedText>“, 1001 or 1002A”</quotedText>.</mod></p></content></subsection><subsection eId="section-70-6"><num>(6)</num><intro><p>In section 1029 (application to court for restoration to the register), in subsection (1)(c)—</p></intro><level class="para1" eId="section-70-6-a"><num>(a)</num><content><p>omit the “or” at the end of sub-paragraph (i);</p></content></level><level class="para1" eId="section-70-6-b"><num>(b)</num><content><p><mod>after that sub-paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para2"><num>(ia)</num><content><p>under section 1002A (power of registrar to strike off company registered on false basis), or</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subsection><subsection eId="section-70-7"><num>(7)</num><content><p><mod>In section 1030 (timing for application to court for restoration to the register), in subsection (5)(a), after “company)” insert <quotedText>“or section 1002A (power of registrar to strike off company registered on false basis)”</quotedText>.</mod></p></content></subsection><subsection eId="section-70-8"><num>(8)</num><intro><p>In section 1031 (decision on application for restoration by the court), in subsection (1)—</p></intro><level class="para1" eId="section-70-8-a"><num>(a)</num><content><p><mod>after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>if the company was struck off the register under section 1002A (power of registrar to strike off company registered on false basis) and the court considers that, at the time of the striking off, the registrar did not have reasonable cause to believe the matter set out in section 1002A(1)(a) or <ref href="#d28e10693">(b)</ref>;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-70-8-b"><num>(b)</num><content><p><mod>in paragraph (c), for “other case” substitute <quotedText>“case (including a case falling within paragraph (a), (aa) or (b))”</quotedText>.</mod></p></content></level></subsection></section><section eId="section-71"><num>71</num><heading>Requirements for administrative restoration</heading><content><p><mod>In section 1025 of the Companies Act 2006 (requirements for administrative restoration), for subsection (5) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><content><p>The third condition is that the applicant has delivered to the registrar such documents relating to the company as are necessary to ensure that if the company is restored to the register the records kept by the registrar relating to the company will be up to date.</p></content></subsection><subsection><num>(5A)</num><intro><p>The fourth condition is—</p></intro><level class="para1"><num>(a)</num><content><p>that any outstanding penalties under section 453 or corresponding earlier provisions (civil penalty for failure to deliver accounts) in relation to the company have been paid, and</p></content></level><level class="para1" eId="d28e10919"><num>(b)</num><content><p>that each relevant person has paid any outstanding fines or financial penalties imposed on them in respect of an offence under the Companies Acts relating to the company.</p></content></level></subsection><subsection><num>(5B)</num><intro><p>In subsection <ref href="#d28e10919">(5A)(b)</ref> “<term refersTo="#term-relevant-person">relevant person</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant,</p></content></level><level class="para1"><num>(b)</num><intro><p>any person who—</p></intro><level class="para2"><num>(i)</num><content><p>was a director of the company immediately before it was dissolved or struck off, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if the company is restored to the register, will be a director immediately after its restoration, or</p></content></level></level><level class="para1" eId="d28e10961"><num>(c)</num><intro><p>any person who is a relevant officer of a firm where the firm is—</p></intro><level class="para2"><num>(i)</num><content><p>a person mentioned in paragraph (a) or (b), or</p></content></level><level class="para2"><num>(ii)</num><content><p>a person falling within this paragraph.</p></content></level></level></subsection><subsection><num>(5C)</num><intro><p>In subsection <ref href="#d28e10961">(5B)(c)</ref> “relevant officer”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to a company, means a director;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to a firm the affairs of which are managed by its members, means one of those members;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to any other firm, means an officer of the firm whose functions correspond to that of a director of a company.</p></content></level></subsection></quotedStructure></mod></p></content></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-70"><num>70</num><heading>Registrar’s power to strike off company registered on false basis</heading><subsection eId="section-70-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-70-2"><num>(2)</num><content><p><mod>After section 1002 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Registrar’s power to strike off company registered on false basis</heading><section><num>1002A</num><heading>Power to strike off company registered on false basis</heading><subsection eId="d28e10681"><num>(1)</num><intro><p>The registrar may strike a company’s name off the register if the registrar has reasonable cause to believe that—</p></intro><level class="para1" eId="d28e10687"><num>(a)</num><content><p>any information contained in the application for the registration of the company, or in any application for restoration of the company to the register, is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1" eId="d28e10693"><num>(b)</num><content><p>any statement made to the registrar in connection with such an application is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>In subsection <ref href="#d28e10681">(1)</ref> the reference to an application includes any documents delivered to the registrar in connection with the application.</p></content></subsection><subsection><num>(3)</num><intro><p>The registrar may not exercise the power in subsection <ref href="#d28e10681">(1)</ref> unless—</p></intro><level class="para1" eId="d28e10717"><num>(a)</num><content><p>the registrar has published a notice in the Gazette that, at the end of the period of 28 days beginning with the date of the notice, the name of the company mentioned in the notice will, unless cause is shown to the contrary, be struck off the register and the company will be dissolved, and</p></content></level><level class="para1"><num>(b)</num><content><p>the period mentioned in paragraph <ref href="#d28e10717">(a)</ref> has expired.</p></content></level></subsection><subsection><num>(4)</num><content><p>If the registrar exercises the power in subsection <ref href="#d28e10681">(1)</ref>, the registrar must publish a notice in the Gazette of the company’s name having been struck off the register.</p></content></subsection><subsection><num>(5)</num><content><p>On the publication of the notice in the Gazette the company is dissolved.</p></content></subsection><subsection><num>(6)</num><intro><p>However—</p></intro><level class="para1"><num>(a)</num><content><p>the liability (if any) of every director, managing officer or member of the company continues and may be enforced as if the company had not been dissolved, and</p></content></level><level class="para1"><num>(b)</num><content><p>nothing in this section affects the power of the court to wind up a company the name of which has been struck off the register.</p></content></level></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-70-3"><num>(3)</num><content><p><mod>In section 1024 (application for administrative restoration to the register), in subsection (1), for the words from “section” to the end substitute <quotedText startQuote="“">—</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(a)</num><content><p>section 1000 or 1001 (power of registrar to strike off defunct company), or</p></content></level><level class="para1"><num>(b)</num><content><p>section 1002A (power of registrar to strike off company registered on false basis).</p></content></level></quotedStructure></mod></p></content></subsection><subsection eId="section-70-4"><num>(4)</num><content><p><mod>In section 1025 (requirements for administrative restoration), for subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><intro><p>The first condition is that—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a company struck off the register under section 1000 or 1001, the company was carrying on business or in operation at the time of its striking off;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of a company struck off the register under section 1002A, at the time of its striking off, the registrar did not have reasonable cause to believe the matter set out in section 1002A(1)(a) or (b).</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-70-5"><num>(5)</num><content><p><mod>In section 1028A (administrative restoration of company with share warrants), in subsection (1), for “or 1001” substitute <quotedText>“, 1001 or 1002A”</quotedText>.</mod></p></content></subsection><subsection eId="section-70-6"><num>(6)</num><intro><p>In section 1029 (application to court for restoration to the register), in subsection (1)(c)—</p></intro><level class="para1" eId="section-70-6-a"><num>(a)</num><content><p>omit the “or” at the end of sub-paragraph (i);</p></content></level><level class="para1" eId="section-70-6-b"><num>(b)</num><content><p><mod>after that sub-paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para2"><num>(ia)</num><content><p>under section 1002A (power of registrar to strike off company registered on false basis), or</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subsection><subsection eId="section-70-7"><num>(7)</num><content><p><mod>In section 1030 (timing for application to court for restoration to the register), in subsection (5)(a), after “company)” insert <quotedText>“or section 1002A (power of registrar to strike off company registered on false basis)”</quotedText>.</mod></p></content></subsection><subsection eId="section-70-8"><num>(8)</num><intro><p>In section 1031 (decision on application for restoration by the court), in subsection (1)—</p></intro><level class="para1" eId="section-70-8-a"><num>(a)</num><content><p><mod>after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>if the company was struck off the register under section 1002A (power of registrar to strike off company registered on false basis) and the court considers that, at the time of the striking off, the registrar did not have reasonable cause to believe the matter set out in section 1002A(1)(a) or <ref href="#d28e10693">(b)</ref>;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-70-8-b"><num>(b)</num><content><p><mod>in paragraph (c), for “other case” substitute <quotedText>“case (including a case falling within paragraph (a), (aa) or (b))”</quotedText>.</mod></p></content></level></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-70-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-70-2"><num>(2)</num><content><p><mod>After section 1002 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Registrar’s power to strike off company registered on false basis</heading><section><num>1002A</num><heading>Power to strike off company registered on false basis</heading><subsection eId="d28e10681"><num>(1)</num><intro><p>The registrar may strike a company’s name off the register if the registrar has reasonable cause to believe that—</p></intro><level class="para1" eId="d28e10687"><num>(a)</num><content><p>any information contained in the application for the registration of the company, or in any application for restoration of the company to the register, is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1" eId="d28e10693"><num>(b)</num><content><p>any statement made to the registrar in connection with such an application is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>In subsection <ref href="#d28e10681">(1)</ref> the reference to an application includes any documents delivered to the registrar in connection with the application.</p></content></subsection><subsection><num>(3)</num><intro><p>The registrar may not exercise the power in subsection <ref href="#d28e10681">(1)</ref> unless—</p></intro><level class="para1" eId="d28e10717"><num>(a)</num><content><p>the registrar has published a notice in the Gazette that, at the end of the period of 28 days beginning with the date of the notice, the name of the company mentioned in the notice will, unless cause is shown to the contrary, be struck off the register and the company will be dissolved, and</p></content></level><level class="para1"><num>(b)</num><content><p>the period mentioned in paragraph <ref href="#d28e10717">(a)</ref> has expired.</p></content></level></subsection><subsection><num>(4)</num><content><p>If the registrar exercises the power in subsection <ref href="#d28e10681">(1)</ref>, the registrar must publish a notice in the Gazette of the company’s name having been struck off the register.</p></content></subsection><subsection><num>(5)</num><content><p>On the publication of the notice in the Gazette the company is dissolved.</p></content></subsection><subsection><num>(6)</num><intro><p>However—</p></intro><level class="para1"><num>(a)</num><content><p>the liability (if any) of every director, managing officer or member of the company continues and may be enforced as if the company had not been dissolved, and</p></content></level><level class="para1"><num>(b)</num><content><p>nothing in this section affects the power of the court to wind up a company the name of which has been struck off the register.</p></content></level></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-70-3"><num>(3)</num><content><p><mod>In section 1024 (application for administrative restoration to the register), in subsection (1), for the words from “section” to the end substitute <quotedText startQuote="“">—</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(a)</num><content><p>section 1000 or 1001 (power of registrar to strike off defunct company), or</p></content></level><level class="para1"><num>(b)</num><content><p>section 1002A (power of registrar to strike off company registered on false basis).</p></content></level></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-70-4"><num>(4)</num><content><p><mod>In section 1025 (requirements for administrative restoration), for subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><intro><p>The first condition is that—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a company struck off the register under section 1000 or 1001, the company was carrying on business or in operation at the time of its striking off;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of a company struck off the register under section 1002A, at the time of its striking off, the registrar did not have reasonable cause to believe the matter set out in section 1002A(1)(a) or (b).</p></content></level></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-70-5"><num>(5)</num><content><p><mod>In section 1028A (administrative restoration of company with share warrants), in subsection (1), for “or 1001” substitute <quotedText>“, 1001 or 1002A”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-70-6"><num>(6)</num><intro><p>In section 1029 (application to court for restoration to the register), in subsection (1)(c)—</p></intro><level class="para1" eId="section-70-6-a"><num>(a)</num><content><p>omit the “or” at the end of sub-paragraph (i);</p></content></level><level class="para1" eId="section-70-6-b"><num>(b)</num><content><p><mod>after that sub-paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para2"><num>(ia)</num><content><p>under section 1002A (power of registrar to strike off company registered on false basis), or</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-70-6-a"><num>(a)</num><content><p>omit the “or” at the end of sub-paragraph (i);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-70-6-b"><num>(b)</num><content><p><mod>after that sub-paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para2"><num>(ia)</num><content><p>under section 1002A (power of registrar to strike off company registered on false basis), or</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-70-7"><num>(7)</num><content><p><mod>In section 1030 (timing for application to court for restoration to the register), in subsection (5)(a), after “company)” insert <quotedText>“or section 1002A (power of registrar to strike off company registered on false basis)”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-70-8"><num>(8)</num><intro><p>In section 1031 (decision on application for restoration by the court), in subsection (1)—</p></intro><level class="para1" eId="section-70-8-a"><num>(a)</num><content><p><mod>after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>if the company was struck off the register under section 1002A (power of registrar to strike off company registered on false basis) and the court considers that, at the time of the striking off, the registrar did not have reasonable cause to believe the matter set out in section 1002A(1)(a) or <ref href="#d28e10693">(b)</ref>;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-70-8-b"><num>(b)</num><content><p><mod>in paragraph (c), for “other case” substitute <quotedText>“case (including a case falling within paragraph (a), (aa) or (b))”</quotedText>.</mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-70-8-a"><num>(a)</num><content><p><mod>after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>if the company was struck off the register under section 1002A (power of registrar to strike off company registered on false basis) and the court considers that, at the time of the striking off, the registrar did not have reasonable cause to believe the matter set out in section 1002A(1)(a) or <ref href="#d28e10693">(b)</ref>;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-70-8-b"><num>(b)</num><content><p><mod>in paragraph (c), for “other case” substitute <quotedText>“case (including a case falling within paragraph (a), (aa) or (b))”</quotedText>.</mod></p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-71"><num>71</num><heading>Requirements for administrative restoration</heading><content><p><mod>In section 1025 of the Companies Act 2006 (requirements for administrative restoration), for subsection (5) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><content><p>The third condition is that the applicant has delivered to the registrar such documents relating to the company as are necessary to ensure that if the company is restored to the register the records kept by the registrar relating to the company will be up to date.</p></content></subsection><subsection><num>(5A)</num><intro><p>The fourth condition is—</p></intro><level class="para1"><num>(a)</num><content><p>that any outstanding penalties under section 453 or corresponding earlier provisions (civil penalty for failure to deliver accounts) in relation to the company have been paid, and</p></content></level><level class="para1" eId="d28e10919"><num>(b)</num><content><p>that each relevant person has paid any outstanding fines or financial penalties imposed on them in respect of an offence under the Companies Acts relating to the company.</p></content></level></subsection><subsection><num>(5B)</num><intro><p>In subsection <ref href="#d28e10919">(5A)(b)</ref> “<term refersTo="#term-relevant-person">relevant person</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant,</p></content></level><level class="para1"><num>(b)</num><intro><p>any person who—</p></intro><level class="para2"><num>(i)</num><content><p>was a director of the company immediately before it was dissolved or struck off, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if the company is restored to the register, will be a director immediately after its restoration, or</p></content></level></level><level class="para1" eId="d28e10961"><num>(c)</num><intro><p>any person who is a relevant officer of a firm where the firm is—</p></intro><level class="para2"><num>(i)</num><content><p>a person mentioned in paragraph (a) or (b), or</p></content></level><level class="para2"><num>(ii)</num><content><p>a person falling within this paragraph.</p></content></level></level></subsection><subsection><num>(5C)</num><intro><p>In subsection <ref href="#d28e10961">(5B)(c)</ref> “relevant officer”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to a company, means a director;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to a firm the affairs of which are managed by its members, means one of those members;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to any other firm, means an officer of the firm whose functions correspond to that of a director of a company.</p></content></level></subsection></quotedStructure></mod></p></content></section>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-who-may-deliver-documents"><heading>Who may deliver documents</heading><section eId="section-72"><num>72</num><heading>Delivery of documents: identity verification etc</heading><subsection eId="section-72-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-72-2"><num>(2)</num><content><p>In section 9 (registration documents), omit subsection (3).</p></content></subsection><subsection eId="section-72-3"><num>(3)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (2), for “1068” substitute <quotedText>“<ref href="#d28e11054">1067A</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-72-4"><num>(4)</num><content><p><mod>After section 1067 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Who may deliver documents to the registrar</heading><section eId="d28e11054"><num>1067A</num><heading>Delivery of documents: identity verification requirements etc</heading><subsection eId="d28e11058"><num>(1)</num><intro><p>An individual may not deliver a document to the registrar on their own behalf unless—</p></intro><level class="para1"><num>(a)</num><content><p>their identity is verified (see section 1110A), and</p></content></level><level class="para1"><num>(b)</num><content><p>the document is accompanied by a statement to that effect.</p></content></level></subsection><subsection eId="d28e11076"><num>(2)</num><intro><p>An individual (A) may not deliver a document to the registrar on behalf of another person (B) who is of a description specified in column 1 of the following table unless—</p></intro><level class="para1"><num>(a)</num><content><p>the individual is of a description specified in the corresponding entry in column 2, and</p></content></level><level class="para1"><num>(b)</num><content><p>the document is accompanied by the statement specified in the corresponding entry in column 3.</p></content></level><wrapUp><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:6%"/><default:col span="1" style="width:20%"/><default:col span="1" style="width:35%"/><default:col span="1" style="width:40%"/><default:thead><default:tr><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"/><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">1</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">2</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">3</p></default:th></default:tr><default:tr><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"/><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Description of person on whose behalf document delivered (B)</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Description of individual who may deliver document on B’s behalf (A)</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Accompanying statement</p></default:th></default:tr></default:thead><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">1</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Firm</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual who is an officer or employee of the firm and whose identity is verified (see section 1110A).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement by A—</p><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>that A is an officer or employee of the firm,</p></item><item><num>(b)</num><p>that A is delivering the document on the firm’s behalf, and</p></item><item><num>(c)</num><p>that A’s identity is verified.</p></item></blockList></default:td></default:tr><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">2</p></default:td><default:td 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fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual who is an authorised corporate service provider (see section 1098A).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement by A—</p><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>that A is an authorised corporate service provider, and</p></item><item><num>(b)</num><p>that A is delivering the document on the firm’s behalf.</p></item></blockList></default:td></default:tr><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">4</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Firm</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual who is an officer or employee of an authorised corporate service provider.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement by A—</p><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>that A is an officer or employee of an authorised corporate service provider, and</p></item><item><num>(b)</num><p>that A is delivering the document on the firm’s behalf.</p></item></blockList></default:td></default:tr><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">5</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual whose identity is verified.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement by A—</p><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>that A is delivering the document on B’s behalf, and</p></item><item><num>(b)</num><p>that A’s identity is verified.</p></item></blockList></default:td></default:tr><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">6</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual who is an authorised corporate service provider.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement by A—</p><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>that A is an authorised corporate service provider, and</p></item><item><num>(b)</num><p>that A is delivering the document on B’s behalf.</p></item></blockList></default:td></default:tr><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-bottom-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-bottom-width="0.5pt" fo:border-left-style="solid" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">7</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-bottom-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-bottom-width="0.5pt" fo:border-left-style="solid" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-bottom-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-bottom-width="0.5pt" fo:border-left-style="solid" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual who is an officer or employee of an authorised corporate service provider.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-bottom-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-bottom-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement by A—</p><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>that A is an officer or employee of an authorised corporate service provider, and</p></item><item><num>(b)</num><p>that A is delivering the document on B’s behalf.</p></item></blockList></default:td></default:tr></default:tbody></default:table></foreign></tblock></wrapUp></subsection><subsection><num>(3)</num><intro><p>In relation to a corporate officer that has only corporate officers, the reference in row 2 of the table to an individual who is one of its officers is to—</p></intro><level class="para1"><num>(a)</num><content><p>an individual who is an officer of one of those corporate officers, or</p></content></level><level class="para1"><num>(b)</num><content><p>if the officers of those corporate officers are all corporate officers, an individual who is an officer of any of the corporate officers’ corporate officers,</p></content></level><wrapUp><p>and so on until there is at least one individual who is an officer.</p></wrapUp></subsection><subsection><num>(4)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1" eId="d28e11292"><num>(a)</num><content><p>create exceptions to subsections <ref href="#d28e11058">(1)</ref> or <ref href="#d28e11076">(2)</ref> (which may be framed by reference to the person by whom or on whose behalf a document is delivered or by reference to descriptions of document or in any other way);</p></content></level><level class="para1"><num>(b)</num><content><p>amend this section for the purpose of changing the effect of the table in subsection <ref href="#d28e11076">(2)</ref>.</p></content></level></subsection><subsection><num>(5)</num><intro><p>Regulations under subsection <ref href="#d28e11292">(4)(a)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>may require any document delivered to the registrar in reliance on an exception to be accompanied by a statement;</p></content></level><level class="para1"><num>(b)</num><content><p>may amend this section.</p></content></level></subsection><subsection><num>(6)</num><content><p>The Secretary of State may by regulations make provision requiring a statement delivered to the registrar under subsection <ref href="#d28e11076">(2)</ref> to be accompanied by additional statements or additional information in connection with the subject-matter of the statement.</p></content></subsection><subsection eId="d28e11343"><num>(7)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(8)</num><content><p>In this section “<term refersTo="#term-corporate-officer">corporate officer</term>” means an officer that is not an individual.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section><section eId="section-73"><num>73</num><heading>Disqualification from delivering documents</heading><content><p><mod>After section <ref href="#d28e11054">1067A</ref> of the Companies Act 2006 (inserted by section 72 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>1067B</num><heading>Disqualification from delivering documents</heading><subsection eId="d28e11379"><num>(1)</num><content><p>An individual who is a disqualified person may not deliver documents to the registrar on their own behalf or on behalf of another.</p></content></subsection><subsection eId="d28e11385"><num>(2)</num><intro><p>An individual may not deliver a document to the registrar on behalf of a disqualified person unless—</p></intro><level class="para1" eId="d28e11391"><num>(a)</num><content><p>the individual is an authorised corporate service provider (see section <ref href="#d28e9524">1098A</ref>), or</p></content></level><level class="para1"><num>(b)</num><content><p>the individual is an officer or employee of an authorised corporate service provider.</p></content></level></subsection><subsection><num>(3)</num><content><p>A document delivered to the registrar must be accompanied by the following two statements made by the individual delivering it.</p></content></subsection><subsection><num>(4)</num><content><p>The first is a statement that the individual is not a disqualified person.</p></content></subsection><subsection><num>(5)</num><intro><p>The second is—</p></intro><level class="para1"><num>(a)</num><content><p>a statement that the individual is delivering the document on their own behalf,</p></content></level><level class="para1"><num>(b)</num><content><p>a statement that the individual is delivering the document on behalf of another person who is not a disqualified person, or</p></content></level><level class="para1"><num>(c)</num><content><p>a statement that the individual is delivering the document on behalf of a disqualified person.</p></content></level></subsection><subsection eId="d28e11442"><num>(6)</num><content><p>For the purpose of this section “<term refersTo="#term-disqualified-person">disqualified person</term>” means a person who is disqualified under the directors disqualification legislation (see section <ref href="#d28e5000">159A</ref><ref href="#d28e5013">(2)</ref>).</p></content></subsection><subsection eId="d28e11456"><num>(7)</num><content><p>The Secretary of State may by regulations amend this section for the purposes of changing who may deliver a document to the registrar on behalf of a disqualified person.</p></content></subsection><subsection><num>(8)</num><content><p>Regulations under subsection <ref href="#d28e11456">(7)</ref> are subject to the affirmative procedure.</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-74"><num>74</num><heading>Proper delivery: requirements about who may deliver documents</heading><content><p><mod>In section 1072 of the Companies Act 2006 (requirements for proper delivery), in subsection (1), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>any applicable requirements as regards who may deliver a document to the registrar;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-72"><num>72</num><heading>Delivery of documents: identity verification etc</heading><subsection eId="section-72-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-72-2"><num>(2)</num><content><p>In section 9 (registration documents), omit subsection (3).</p></content></subsection><subsection eId="section-72-3"><num>(3)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (2), for “1068” substitute <quotedText>“<ref href="#d28e11054">1067A</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-72-4"><num>(4)</num><content><p><mod>After section 1067 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Who may deliver documents to the registrar</heading><section eId="d28e11054"><num>1067A</num><heading>Delivery of documents: identity verification requirements etc</heading><subsection eId="d28e11058"><num>(1)</num><intro><p>An individual may not deliver a document to the registrar on their own behalf unless—</p></intro><level class="para1"><num>(a)</num><content><p>their identity is verified (see section 1110A), and</p></content></level><level class="para1"><num>(b)</num><content><p>the document is accompanied by a statement to that effect.</p></content></level></subsection><subsection eId="d28e11076"><num>(2)</num><intro><p>An individual (A) may not deliver a document to the registrar on behalf of another person (B) who is of a description specified in column 1 of the following table unless—</p></intro><level class="para1"><num>(a)</num><content><p>the individual is of a description specified in the corresponding entry in column 2, and</p></content></level><level class="para1"><num>(b)</num><content><p>the document is accompanied by the statement specified in the corresponding entry in column 3.</p></content></level><wrapUp><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:6%"/><default:col span="1" style="width:20%"/><default:col span="1" style="width:35%"/><default:col span="1" style="width:40%"/><default:thead><default:tr><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"/><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">1</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">2</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">3</p></default:th></default:tr><default:tr><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"/><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Description of person on whose behalf document delivered (B)</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Description of individual who may deliver document on B’s behalf (A)</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Accompanying statement</p></default:th></default:tr></default:thead><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">1</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Firm</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual who is an officer or employee of the firm and whose identity is verified (see section 1110A).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p 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service provider (see section 1098A).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement by A—</p><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>that A is an authorised corporate service provider, and</p></item><item><num>(b)</num><p>that A is delivering the document on the firm’s behalf.</p></item></blockList></default:td></default:tr><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">4</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Firm</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual who is an officer or employee of an authorised corporate service provider.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement by A—</p><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>that A is an officer or employee of an authorised corporate service provider, and</p></item><item><num>(b)</num><p>that A is delivering the document on the firm’s behalf.</p></item></blockList></default:td></default:tr><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">5</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual whose identity is verified.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement by A—</p><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>that A is delivering the document on B’s behalf, and</p></item><item><num>(b)</num><p>that A’s identity is verified.</p></item></blockList></default:td></default:tr><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">6</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual who is an authorised corporate service provider.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement by A—</p><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>that A is an authorised corporate service provider, and</p></item><item><num>(b)</num><p>that A is delivering the document on B’s behalf.</p></item></blockList></default:td></default:tr><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-bottom-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-bottom-width="0.5pt" fo:border-left-style="solid" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">7</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-bottom-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-bottom-width="0.5pt" fo:border-left-style="solid" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-bottom-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-bottom-width="0.5pt" fo:border-left-style="solid" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual who is an officer or employee of an authorised corporate service provider.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-bottom-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-bottom-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement by A—</p><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>that A is an officer or employee of an authorised corporate service provider, and</p></item><item><num>(b)</num><p>that A is delivering the document on B’s behalf.</p></item></blockList></default:td></default:tr></default:tbody></default:table></foreign></tblock></wrapUp></subsection><subsection><num>(3)</num><intro><p>In relation to a corporate officer that has only corporate officers, the reference in row 2 of the table to an individual who is one of its officers is to—</p></intro><level class="para1"><num>(a)</num><content><p>an individual who is an officer of one of those corporate officers, or</p></content></level><level class="para1"><num>(b)</num><content><p>if the officers of those corporate officers are all corporate officers, an individual who is an officer of any of the corporate officers’ corporate officers,</p></content></level><wrapUp><p>and so on until there is at least one individual who is an officer.</p></wrapUp></subsection><subsection><num>(4)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1" eId="d28e11292"><num>(a)</num><content><p>create exceptions to subsections <ref href="#d28e11058">(1)</ref> or <ref href="#d28e11076">(2)</ref> (which may be framed by reference to the person by whom or on whose behalf a document is delivered or by reference to descriptions of document or in any other way);</p></content></level><level class="para1"><num>(b)</num><content><p>amend this section for the purpose of changing the effect of the table in subsection <ref href="#d28e11076">(2)</ref>.</p></content></level></subsection><subsection><num>(5)</num><intro><p>Regulations under subsection <ref href="#d28e11292">(4)(a)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>may require any document delivered to the registrar in reliance on an exception to be accompanied by a statement;</p></content></level><level class="para1"><num>(b)</num><content><p>may amend this section.</p></content></level></subsection><subsection><num>(6)</num><content><p>The Secretary of State may by regulations make provision requiring a statement delivered to the registrar under subsection <ref href="#d28e11076">(2)</ref> to be accompanied by additional statements or additional information in connection with the subject-matter of the statement.</p></content></subsection><subsection eId="d28e11343"><num>(7)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(8)</num><content><p>In this section “<term refersTo="#term-corporate-officer">corporate officer</term>” means an officer that is not an individual.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-72-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-72-2"><num>(2)</num><content><p>In section 9 (registration documents), omit subsection (3).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-72-3"><num>(3)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (2), for “1068” substitute <quotedText>“<ref href="#d28e11054">1067A</ref>”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-72-4"><num>(4)</num><content><p><mod>After section 1067 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Who may deliver documents to the registrar</heading><section eId="d28e11054"><num>1067A</num><heading>Delivery of documents: identity verification requirements etc</heading><subsection eId="d28e11058"><num>(1)</num><intro><p>An individual may not deliver a document to the registrar on their own behalf unless—</p></intro><level class="para1"><num>(a)</num><content><p>their identity is verified (see section 1110A), and</p></content></level><level class="para1"><num>(b)</num><content><p>the document is accompanied by a statement to that effect.</p></content></level></subsection><subsection eId="d28e11076"><num>(2)</num><intro><p>An individual (A) may not deliver a document to the registrar on behalf of another person (B) who is of a description specified in column 1 of the following table unless—</p></intro><level class="para1"><num>(a)</num><content><p>the individual is of a description specified in the corresponding entry in column 2, and</p></content></level><level class="para1"><num>(b)</num><content><p>the document is accompanied by the statement specified in the corresponding entry in column 3.</p></content></level><wrapUp><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:6%"/><default:col span="1" style="width:20%"/><default:col span="1" style="width:35%"/><default:col span="1" style="width:40%"/><default:thead><default:tr><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"/><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">1</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">2</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p 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fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Accompanying statement</p></default:th></default:tr></default:thead><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">1</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Firm</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual who is an officer or employee of the firm and whose identity is verified (see section 1110A).</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement by A—</p><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>that A is an officer or employee of the firm,</p></item><item><num>(b)</num><p>that A is delivering the document on the firm’s behalf, and</p></item><item><num>(c)</num><p>that A’s identity is verified.</p></item></blockList></default:td></default:tr><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" 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and</p></item><item><num>(b)</num><p>that A is delivering the document on the firm’s behalf.</p></item></blockList></default:td></default:tr><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">4</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Firm</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual who is an officer or employee of an authorised corporate service provider.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement by A—</p><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>that A is an officer or employee of an authorised corporate service provider, and</p></item><item><num>(b)</num><p>that A is delivering the document on the firm’s behalf.</p></item></blockList></default:td></default:tr><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">5</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual whose identity is verified.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement by A—</p><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>that A is delivering the document on B’s behalf, and</p></item><item><num>(b)</num><p>that A’s identity is verified.</p></item></blockList></default:td></default:tr><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">6</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual who is an authorised corporate service provider.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement by A—</p><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>that A is an authorised corporate service provider, and</p></item><item><num>(b)</num><p>that A is delivering the document on B’s behalf.</p></item></blockList></default:td></default:tr><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-bottom-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-bottom-width="0.5pt" fo:border-left-style="solid" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">7</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-bottom-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-bottom-width="0.5pt" fo:border-left-style="solid" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-bottom-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-bottom-width="0.5pt" fo:border-left-style="solid" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Individual who is an officer or employee of an authorised corporate service provider.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-bottom-style="solid" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-bottom-width="0.5pt" fo:border-right-style="solid" fo:border-left-style="solid" fo:border-top-style="solid" fo:border-right-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement by A—</p><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>that A is an officer or employee of an authorised corporate service provider, and</p></item><item><num>(b)</num><p>that A is delivering the document on B’s behalf.</p></item></blockList></default:td></default:tr></default:tbody></default:table></foreign></tblock></wrapUp></subsection><subsection><num>(3)</num><intro><p>In relation to a corporate officer that has only corporate officers, the reference in row 2 of the table to an individual who is one of its officers is to—</p></intro><level class="para1"><num>(a)</num><content><p>an individual who is an officer of one of those corporate officers, or</p></content></level><level class="para1"><num>(b)</num><content><p>if the officers of those corporate officers are all corporate officers, an individual who is an officer of any of the corporate officers’ corporate officers,</p></content></level><wrapUp><p>and so on until there is at least one individual who is an officer.</p></wrapUp></subsection><subsection><num>(4)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1" eId="d28e11292"><num>(a)</num><content><p>create exceptions to subsections <ref href="#d28e11058">(1)</ref> or <ref href="#d28e11076">(2)</ref> (which may be framed by reference to the person by whom or on whose behalf a document is delivered or by reference to descriptions of document or in any other way);</p></content></level><level class="para1"><num>(b)</num><content><p>amend this section for the purpose of changing the effect of the table in subsection <ref href="#d28e11076">(2)</ref>.</p></content></level></subsection><subsection><num>(5)</num><intro><p>Regulations under subsection <ref href="#d28e11292">(4)(a)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>may require any document delivered to the registrar in reliance on an exception to be accompanied by a statement;</p></content></level><level class="para1"><num>(b)</num><content><p>may amend this section.</p></content></level></subsection><subsection><num>(6)</num><content><p>The Secretary of State may by regulations make provision requiring a statement delivered to the registrar under subsection <ref href="#d28e11076">(2)</ref> to be accompanied by additional statements or additional information in connection with the subject-matter of the statement.</p></content></subsection><subsection eId="d28e11343"><num>(7)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(8)</num><content><p>In this section “<term refersTo="#term-corporate-officer">corporate officer</term>” means an officer that is not an individual.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-73"><num>73</num><heading>Disqualification from delivering documents</heading><content><p><mod>After section <ref href="#d28e11054">1067A</ref> of the Companies Act 2006 (inserted by section 72 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>1067B</num><heading>Disqualification from delivering documents</heading><subsection eId="d28e11379"><num>(1)</num><content><p>An individual who is a disqualified person may not deliver documents to the registrar on their own behalf or on behalf of another.</p></content></subsection><subsection eId="d28e11385"><num>(2)</num><intro><p>An individual may not deliver a document to the registrar on behalf of a disqualified person unless—</p></intro><level class="para1" eId="d28e11391"><num>(a)</num><content><p>the individual is an authorised corporate service provider (see section <ref href="#d28e9524">1098A</ref>), or</p></content></level><level class="para1"><num>(b)</num><content><p>the individual is an officer or employee of an authorised corporate service provider.</p></content></level></subsection><subsection><num>(3)</num><content><p>A document delivered to the registrar must be accompanied by the following two statements made by the individual delivering it.</p></content></subsection><subsection><num>(4)</num><content><p>The first is a statement that the individual is not a disqualified person.</p></content></subsection><subsection><num>(5)</num><intro><p>The second is—</p></intro><level class="para1"><num>(a)</num><content><p>a statement that the individual is delivering the document on their own behalf,</p></content></level><level class="para1"><num>(b)</num><content><p>a statement that the individual is delivering the document on behalf of another person who is not a disqualified person, or</p></content></level><level class="para1"><num>(c)</num><content><p>a statement that the individual is delivering the document on behalf of a disqualified person.</p></content></level></subsection><subsection eId="d28e11442"><num>(6)</num><content><p>For the purpose of this section “<term refersTo="#term-disqualified-person">disqualified person</term>” means a person who is disqualified under the directors disqualification legislation (see section <ref href="#d28e5000">159A</ref><ref href="#d28e5013">(2)</ref>).</p></content></subsection><subsection eId="d28e11456"><num>(7)</num><content><p>The Secretary of State may by regulations amend this section for the purposes of changing who may deliver a document to the registrar on behalf of a disqualified person.</p></content></subsection><subsection><num>(8)</num><content><p>Regulations under subsection <ref href="#d28e11456">(7)</ref> are subject to the affirmative procedure.</p></content></subsection></section></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-74"><num>74</num><heading>Proper delivery: requirements about who may deliver documents</heading><content><p><mod>In section 1072 of the Companies Act 2006 (requirements for proper delivery), in subsection (1), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>any applicable requirements as regards who may deliver a document to the registrar;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></section>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-facilitating-electronic-delivery"><heading>Facilitating electronic delivery</heading><section eId="section-75"><num>75</num><heading>Delivery of documents by electronic means</heading><subsection eId="section-75-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-75-2"><num>(2)</num><intro><p>In section 1068 (registrar’s requirements as to form, authentication and manner of delivery)—</p></intro><level class="para1" eId="section-75-2-a"><num>(a)</num><content><p><mod>after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4A)</num><content><p>Any requirements under subsection (4)(b) to (d) must be imposed by means of registrar’s rules.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-75-2-b"><num>(b)</num><content><p>omit subsections (5) to (6A).</p></content></level></subsection><subsection eId="section-75-3"><num>(3)</num><content><p>Omit section 1069 (power to require delivery by electronic means).</p></content></subsection><subsection eId="section-75-4"><num>(4)</num><content><p>In section 1072 (requirements for proper delivery), in subsection (1)(b), omit “section 1069 (power to require delivery by electronic means),”.</p></content></subsection></section><section eId="section-76"><num>76</num><heading>Delivery of order confirming reduction of share capital</heading><content><p><mod>In section 649 of the Companies Act 2006 (registration of court order confirming reduction of share capital and statement of capital), in subsection (1), for the words from “production of an order” to “copy of the order” substitute <quotedText>“the delivery of a copy of a court order confirming the reduction of a company’s share capital”</quotedText>.</mod></p></content></section><section eId="section-77"><num>77</num><heading>Delivery of statutory declaration of solvency</heading><subsection eId="section-77-1"><num>(1)</num><intro><p>In section 89 of the Insolvency Act 1986 (statutory declaration of solvency)—</p></intro><level class="para1" eId="section-77-1-a"><num>(a)</num><content><p><mod>in subsection (3), for “The declaration” substitute <quotedText>“A copy of the declaration”</quotedText>;</mod></p></content></level><level class="para1" eId="section-77-1-b"><num>(b)</num><content><p><mod>in subsection (6), after “If” insert <quotedText>“a copy of”</quotedText>.</mod></p></content></level></subsection><subsection eId="section-77-2"><num>(2)</num><intro><p>In Article 75 of the Insolvency (Northern Ireland) Order 1989 (<ref eId="c00009" href="http://www.legislation.gov.uk/id/nisi/1989/2405">S.I. 1989/2405 (N.I. 19)</ref>) (statutory declaration of solvency)—</p></intro><level class="para1" eId="section-77-2-a"><num>(a)</num><content><p><mod>in paragraph (3), for “The declaration” substitute <quotedText>“A copy of the declaration”</quotedText>;</mod></p></content></level><level class="para1" eId="section-77-2-b"><num>(b)</num><content><p><mod>in paragraph (6), after “If” insert <quotedText>“a copy of”</quotedText>.</mod></p></content></level></subsection></section><section eId="section-78"><num>78</num><heading>Registrar’s rules requiring documents to be delivered together</heading><subsection eId="section-78-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-78-2"><num>(2)</num><content><p><mod>After section 1068 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e11649"><num>1068A</num><heading>Registrar’s rules requiring documents to be delivered together</heading><subsection><num>(1)</num><intro><p>Registrar’s rules may provide for circumstances where—</p></intro><level class="para1" eId="d28e11659"><num>(a)</num><content><p>a person who is required to deliver two or more documents to the registrar must deliver them together;</p></content></level><level class="para1" eId="d28e11665"><num>(b)</num><content><p>a person who wishes to deliver two or more documents authorised to be delivered to the registrar is required to deliver them together (so that, for example, if one document is delivered on its own, the others cannot be delivered on a later occasion);</p></content></level><level class="para1" eId="d28e11671"><num>(c)</num><content><p>a person who wishes to deliver one or more documents authorised to be delivered to the registrar is required to deliver them together with one or more documents that the person is required to deliver to the registrar (so that, for example, if a document that is required to be delivered has been delivered on its own, the documents that are authorised to be delivered cannot be delivered on a later occasion).</p></content></level></subsection><subsection><num>(2)</num><content><p>Provision may not be made under subsection <ref href="#d28e11659">(1)(a)</ref> that would have the effect of requiring any document to be delivered earlier than it would otherwise be required to be delivered.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-78-3"><num>(3)</num><content><p><mod>In section 1072 (requirements for proper delivery), in subsection (1)(b), after the entry in the list for section 1068 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e11649">1068A</ref> (rules requiring documents to be delivered together),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-75"><num>75</num><heading>Delivery of documents by electronic means</heading><subsection eId="section-75-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-75-2"><num>(2)</num><intro><p>In section 1068 (registrar’s requirements as to form, authentication and manner of delivery)—</p></intro><level class="para1" eId="section-75-2-a"><num>(a)</num><content><p><mod>after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4A)</num><content><p>Any requirements under subsection (4)(b) to (d) must be imposed by means of registrar’s rules.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-75-2-b"><num>(b)</num><content><p>omit subsections (5) to (6A).</p></content></level></subsection><subsection eId="section-75-3"><num>(3)</num><content><p>Omit section 1069 (power to require delivery by electronic means).</p></content></subsection><subsection eId="section-75-4"><num>(4)</num><content><p>In section 1072 (requirements for proper delivery), in subsection (1)(b), omit “section 1069 (power to require delivery by electronic means),”.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-75-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-75-2"><num>(2)</num><intro><p>In section 1068 (registrar’s requirements as to form, authentication and manner of delivery)—</p></intro><level class="para1" eId="section-75-2-a"><num>(a)</num><content><p><mod>after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4A)</num><content><p>Any requirements under subsection (4)(b) to (d) must be imposed by means of registrar’s rules.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-75-2-b"><num>(b)</num><content><p>omit subsections (5) to (6A).</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-75-2-a"><num>(a)</num><content><p><mod>after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4A)</num><content><p>Any requirements under subsection (4)(b) to (d) must be imposed by means of registrar’s rules.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-75-2-b"><num>(b)</num><content><p>omit subsections (5) to (6A).</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-75-3"><num>(3)</num><content><p>Omit section 1069 (power to require delivery by electronic means).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-75-4"><num>(4)</num><content><p>In section 1072 (requirements for proper delivery), in subsection (1)(b), omit “section 1069 (power to require delivery by electronic means),”.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-76"><num>76</num><heading>Delivery of order confirming reduction of share capital</heading><content><p><mod>In section 649 of the Companies Act 2006 (registration of court order confirming reduction of share capital and statement of capital), in subsection (1), for the words from “production of an order” to “copy of the order” substitute <quotedText>“the delivery of a copy of a court order confirming the reduction of a company’s share capital”</quotedText>.</mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-77"><num>77</num><heading>Delivery of statutory declaration of solvency</heading><subsection eId="section-77-1"><num>(1)</num><intro><p>In section 89 of the Insolvency Act 1986 (statutory declaration of solvency)—</p></intro><level class="para1" eId="section-77-1-a"><num>(a)</num><content><p><mod>in subsection (3), for “The declaration” substitute <quotedText>“A copy of the declaration”</quotedText>;</mod></p></content></level><level class="para1" eId="section-77-1-b"><num>(b)</num><content><p><mod>in subsection (6), after “If” insert <quotedText>“a copy of”</quotedText>.</mod></p></content></level></subsection><subsection eId="section-77-2"><num>(2)</num><intro><p>In Article 75 of the Insolvency (Northern Ireland) Order 1989 (<ref eId="c00009" href="http://www.legislation.gov.uk/id/nisi/1989/2405">S.I. 1989/2405 (N.I. 19)</ref>) (statutory declaration of solvency)—</p></intro><level class="para1" eId="section-77-2-a"><num>(a)</num><content><p><mod>in paragraph (3), for “The declaration” substitute <quotedText>“A copy of the declaration”</quotedText>;</mod></p></content></level><level class="para1" eId="section-77-2-b"><num>(b)</num><content><p><mod>in paragraph (6), after “If” insert <quotedText>“a copy of”</quotedText>.</mod></p></content></level></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-77-1"><num>(1)</num><intro><p>In section 89 of the Insolvency Act 1986 (statutory declaration of solvency)—</p></intro><level class="para1" eId="section-77-1-a"><num>(a)</num><content><p><mod>in subsection (3), for “The declaration” substitute <quotedText>“A copy of the declaration”</quotedText>;</mod></p></content></level><level class="para1" eId="section-77-1-b"><num>(b)</num><content><p><mod>in subsection (6), after “If” insert <quotedText>“a copy of”</quotedText>.</mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-77-1-a"><num>(a)</num><content><p><mod>in subsection (3), for “The declaration” substitute <quotedText>“A copy of the declaration”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-77-1-b"><num>(b)</num><content><p><mod>in subsection (6), after “If” insert <quotedText>“a copy of”</quotedText>.</mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-77-2"><num>(2)</num><intro><p>In Article 75 of the Insolvency (Northern Ireland) Order 1989 (<ref eId="c00009" href="http://www.legislation.gov.uk/id/nisi/1989/2405">S.I. 1989/2405 (N.I. 19)</ref>) (statutory declaration of solvency)—</p></intro><level class="para1" eId="section-77-2-a"><num>(a)</num><content><p><mod>in paragraph (3), for “The declaration” substitute <quotedText>“A copy of the declaration”</quotedText>;</mod></p></content></level><level class="para1" eId="section-77-2-b"><num>(b)</num><content><p><mod>in paragraph (6), after “If” insert <quotedText>“a copy of”</quotedText>.</mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-77-2-a"><num>(a)</num><content><p><mod>in paragraph (3), for “The declaration” substitute <quotedText>“A copy of the declaration”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-77-2-b"><num>(b)</num><content><p><mod>in paragraph (6), after “If” insert <quotedText>“a copy of”</quotedText>.</mod></p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-78"><num>78</num><heading>Registrar’s rules requiring documents to be delivered together</heading><subsection eId="section-78-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-78-2"><num>(2)</num><content><p><mod>After section 1068 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e11649"><num>1068A</num><heading>Registrar’s rules requiring documents to be delivered together</heading><subsection><num>(1)</num><intro><p>Registrar’s rules may provide for circumstances where—</p></intro><level class="para1" eId="d28e11659"><num>(a)</num><content><p>a person who is required to deliver two or more documents to the registrar must deliver them together;</p></content></level><level class="para1" eId="d28e11665"><num>(b)</num><content><p>a person who wishes to deliver two or more documents authorised to be delivered to the registrar is required to deliver them together (so that, for example, if one document is delivered on its own, the others cannot be delivered on a later occasion);</p></content></level><level class="para1" eId="d28e11671"><num>(c)</num><content><p>a person who wishes to deliver one or more documents authorised to be delivered to the registrar is required to deliver them together with one or more documents that the person is required to deliver to the registrar (so that, for example, if a document that is required to be delivered has been delivered on its own, the documents that are authorised to be delivered cannot be delivered on a later occasion).</p></content></level></subsection><subsection><num>(2)</num><content><p>Provision may not be made under subsection <ref href="#d28e11659">(1)(a)</ref> that would have the effect of requiring any document to be delivered earlier than it would otherwise be required to be delivered.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-78-3"><num>(3)</num><content><p><mod>In section 1072 (requirements for proper delivery), in subsection (1)(b), after the entry in the list for section 1068 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e11649">1068A</ref> (rules requiring documents to be delivered together),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-78-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-78-2"><num>(2)</num><content><p><mod>After section 1068 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e11649"><num>1068A</num><heading>Registrar’s rules requiring documents to be delivered together</heading><subsection><num>(1)</num><intro><p>Registrar’s rules may provide for circumstances where—</p></intro><level class="para1" eId="d28e11659"><num>(a)</num><content><p>a person who is required to deliver two or more documents to the registrar must deliver them together;</p></content></level><level class="para1" eId="d28e11665"><num>(b)</num><content><p>a person who wishes to deliver two or more documents authorised to be delivered to the registrar is required to deliver them together (so that, for example, if one document is delivered on its own, the others cannot be delivered on a later occasion);</p></content></level><level class="para1" eId="d28e11671"><num>(c)</num><content><p>a person who wishes to deliver one or more documents authorised to be delivered to the registrar is required to deliver them together with one or more documents that the person is required to deliver to the registrar (so that, for example, if a document that is required to be delivered has been delivered on its own, the documents that are authorised to be delivered cannot be delivered on a later occasion).</p></content></level></subsection><subsection><num>(2)</num><content><p>Provision may not be made under subsection <ref href="#d28e11659">(1)(a)</ref> that would have the effect of requiring any document to be delivered earlier than it would otherwise be required to be delivered.</p></content></subsection></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-78-3"><num>(3)</num><content><p><mod>In section 1072 (requirements for proper delivery), in subsection (1)(b), after the entry in the list for section 1068 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e11649">1068A</ref> (rules requiring documents to be delivered together),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-promoting-the-integrity-of-the-register"><heading>Promoting the integrity of the register</heading><section eId="section-79"><num>79</num><heading>Power to reject documents for inconsistencies</heading><content><p><mod>After section 1073 of the Companies Act 2006 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>1073A</num><heading>Power to reject documents for discrepancies</heading><subsection><num>(1)</num><intro><p>The registrar may refuse to accept (and register) a document if—</p></intro><level class="para1"><num>(a)</num><content><p>it appears to the registrar to be inconsistent with other information that is held by or available to the registrar, and</p></content></level><level class="para1"><num>(b)</num><content><p>in light of the inconsistency, the registrar has reasonable grounds to doubt whether it complies with any requirement as to its contents.</p></content></level></subsection><subsection><num>(2)</num><content><p>A document is refused by giving notice of the refusal to the person by whom the document was delivered to the registrar.</p></content></subsection><subsection><num>(3)</num><content><p>A document that is refused by the registrar is treated for the purposes of any provision authorising or requiring its delivery as not having been delivered.</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-80"><num>80</num><heading>Informal correction of document</heading><subsection eId="section-80-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-80-2"><num>(2)</num><content><p>Omit section 1075 (informal correction of document).</p></content></subsection><subsection eId="section-80-3"><num>(3)</num><content><p>In section 1081 (annotation of the register), in subsection (1), omit paragraph (b).</p></content></subsection><subsection eId="section-80-4"><num>(4)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1)(d), at the end insert <quotedText>“before the repeal of that section by the Economic Crime and Corporate Transparency Act 2023”</quotedText>.</mod></p></content></subsection></section><section eId="section-81"><num>81</num><heading>Preservation of original documents</heading><content><p><mod>In section 1083 of the Companies Act 2006 (preservation of original documents), in subsection (1), for “three years” substitute <quotedText>“two years”</quotedText>.</mod></p></content></section><section eId="section-82"><num>82</num><heading>Records relating to dissolved companies etc</heading><subsection eId="section-82-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-82-2"><num>(2)</num><intro><p>Section 1084 (records relating to companies that have been dissolved etc) is to extend also to Scotland and is amended as follows—</p></intro><level class="para1" eId="section-82-2-a"><num>(a)</num><content><p><mod>in subsection (1), after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><p>and a reference in this section to “the relevant date” is to the date on which the company was dissolved, the overseas company ceased to have that connection with the United Kingdom or the institution ceased to be within section 1050.</p></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-82-2-b"><num>(b)</num><content><p><mod>after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e11845"><num>(1A)</num><content><p>The registrar need not make any information contained in records relating to the company or institution available for public inspection at any time after the end of the period of 20 years beginning with the relevant date.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-82-2-c"><num>(c)</num><content><p><mod>for subsections (2) and (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e11860"><num>(2)</num><content><p>The registrar of companies for England and Wales may, at any time after the period of two years beginning with the relevant date, direct that any records relating to the company or institution that are held by the registrar are to be removed to the Public Record Office.</p></content></subsection><subsection eId="d28e11866"><num>(2AA)</num><content><p>The registrar of companies for Northern Ireland may, at any time after the period of two years beginning with the relevant date, direct that any records relating to the company or institution that are held by the registrar are to be removed to the Public Record Office of Northern Ireland.</p></content></subsection><subsection><num>(3)</num><content><p>Records in respect of which a direction is given under subsection <ref href="#d28e11860">(2)</ref> or <ref href="#d28e11866">(2A)</ref> are to be disposed of under the enactments relating to the Public Record Office or, as the case may be, the Public Record Office of Northern Ireland.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-82-2-d"><num>(d)</num><content><p>omit subsections (4A) and (5).</p></content></level></subsection><subsection eId="section-82-3"><num>(3)</num><content><p>Omit section 1087ZA (required particulars available for public inspection for limited period).</p></content></subsection></section><section eId="section-83"><num>83</num><heading>Power to require additional information</heading><subsection eId="section-83-1"><num>(1)</num><content><p>The Companies Act 2006 is amended in accordance with subsections <ref href="#section-83-2">(2)</ref> to <ref href="#section-83-4">(4)</ref>.</p></content></subsection><subsection eId="section-83-2"><num>(2)</num><content><p><mod>After section 1092 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Additional information</heading><section eId="d28e11932"><num>1092A</num><heading>Power to require information</heading><subsection eId="d28e11936"><num>(1)</num><intro><p>The registrar may by notice in writing require a person to provide information to the registrar for the purposes of enabling the registrar to determine—</p></intro><level class="para1"><num>(a)</num><content><p>whether a person has complied with any obligation imposed by an enactment to deliver a document to the registrar,</p></content></level><level class="para1"><num>(b)</num><content><p>whether any information contained in a document received by the registrar falls within section 1080(1)(a).</p></content></level></subsection><subsection><num>(2)</num><intro><p>A requirement under this section may specify—</p></intro><level class="para1" eId="d28e11960"><num>(a)</num><content><p>the form and manner in which the information is to be provided;</p></content></level><level class="para1"><num>(b)</num><content><p>the period within which it is to be provided.</p></content></level></subsection><subsection><num>(3)</num><content><p>The registrar may by notice in writing extend a period specified in a requirement under this section.</p></content></subsection></section><section><num>1092B</num><heading>Offence relating to provision of information</heading><subsection><num>(1)</num><content><p>A person who, without reasonable excuse, fails to comply with a requirement under section <ref href="#d28e11932">1092A</ref> commits an offence.</p></content></subsection><subsection><num>(2)</num><content><p>Where an offence under this section is committed by a firm, an offence is also committed by every officer of the firm who is in default.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1" eId="d28e12012"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2" eId="d28e12024"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum;</p></content></level><level class="para2" eId="d28e12030"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both), and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum.</p></content></level></level></subsection></section><section eId="d28e12039"><num>1092C</num><heading>Privilege against self-incrimination</heading><subsection eId="d28e12043"><num>(1)</num><content><p>A statement made by a person in response to a requirement under section <ref href="#d28e11932">1092A</ref> may not be used against the person in criminal proceedings in which the person is charged with an offence to which this subsection applies.</p></content></subsection><subsection><num>(2)</num><intro><p>Subsection <ref href="#d28e12043">(1)</ref> applies to any offence other than—</p></intro><level class="para1" eId="d28e12061"><num>(a)</num><intro><p>an offence under one of the following provisions (which concern false statements etc)—</p></intro><level class="para2"><num>(i)</num><content><p>section 1112 or 1112A;</p></content></level><level class="para2"><num>(ii)</num><content><p>section 5 of the Perjury Act 1911;</p></content></level><level class="para2"><num>(iii)</num><content><p>section 44(2) of the Criminal Law (Consolidation) (Scotland) Act 1995;</p></content></level><level class="para2"><num>(iv)</num><content><p>Article 10 of the Perjury (Northern Ireland) Order 1979 (<ref eId="c00010" href="http://www.legislation.gov.uk/id/nisi/1979/1714">S.I. 1979/1714 (N.I. 19)</ref>);</p></content></level><level class="para2"><num>(v)</num><content><p>section 32 or 32A of the Economic Crime (Transparency and Enforcement) Act 2022;</p></content></level><level class="para2"><num>(vi)</num><content><p>section 34 or 35 of the Limited Partnerships Act 1907;</p></content></level></level><level class="para1"><num>(b)</num><content><p>any offence, not within paragraph <ref href="#d28e12061">(a)</ref>, an element of which is the delivery to the registrar of a document, or the making of a statement to the registrar, that is misleading, false or deceptive.</p></content></level></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-83-3"><num>(3)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (2), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>sections <ref href="#d28e11932">1092A</ref> to <ref href="#d28e12039">1092C</ref> (powers to require further information),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-83-4"><num>(4)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), after paragraph (e) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ea)</num><content><p>any information provided to the registrar under section <ref href="#d28e11932">1092A</ref> (power to require further information);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-84"><num>84</num><heading>Registrar’s notice to resolve inconsistencies</heading><subsection eId="section-84-1"><num>(1)</num><content><p>Section 1093 of the Companies Act 2006 (registrar’s notice to resolve inconsistency on the register) is amended as follows.</p></content></subsection><subsection eId="section-84-2"><num>(2)</num><content><p><mod>For subsections (1) and (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>Where it appears to the registrar that the information contained in a document delivered to the registrar in relation to a company is inconsistent with other information contained in records kept by the registrar under section 1080, the registrar may give notice to the company to which the document relates—</p></intro><level class="para1"><num>(a)</num><content><p>stating in what respects the information contained in it appears to be inconsistent with other information in records kept by the registrar under section 1080, and</p></content></level><level class="para1"><num>(b)</num><content><p>requiring the company, within the period of 14 days beginning with the date on which the notice is issued, to take all such steps as are reasonably open to it to resolve the inconsistency by delivering replacement or additional documents or in any other way.</p></content></level></subsection><subsection><num>(2)</num><content><p>The notice must state the date on which it is issued.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-84-3"><num>(3)</num><content><p>In the heading, omit “on the register”.</p></content></subsection></section><section eId="section-85"><num>85</num><heading>Administrative removal of material from the register</heading><subsection eId="section-85-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-85-2"><num>(2)</num><content><p><mod>For section 1094 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e12230"><num>1094</num><heading>Removal of material from the register</heading><subsection eId="d28e12234"><num>(1)</num><intro><p>The registrar may remove from the register anything that appears to the registrar to be—</p></intro><level class="para1"><num>(a)</num><content><p>a document, or material derived from a document, accepted under section 1073 (power to accept documents not meeting requirements for proper delivery), or</p></content></level><level class="para1"><num>(b)</num><content><p>unnecessary material as defined by section 1074.</p></content></level></subsection><subsection eId="d28e12252"><num>(2)</num><intro><p>The power to remove material from the register under this section may be exercised—</p></intro><level class="para1"><num>(a)</num><content><p>on the registrar’s own motion, or</p></content></level><level class="para1" eId="d28e12264"><num>(b)</num><content><p>on an application made in accordance with regulations under section <ref href="#d28e12296">1094A</ref><ref href="#d28e12252">(2)</ref>.</p></content></level></subsection><subsection><num>(3)</num><content><p>The registrar may exercise the power to remove from the register anything the registration of which had legal consequences only if satisfied that the interest of the company, or (if different) the applicant, in removing the material outweighs any interest of other persons in the material continuing to appear on the register.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State may by regulations provide that the registrar’s power to remove material from the register under this section following an application is limited to material of a description specified in the regulations.</p></content></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to the negative resolution procedure.</p></content></subsection></section><section eId="d28e12296"><num>1094A</num><heading>Further provision about removal of material from the register</heading><subsection eId="d28e12300"><num>(1)</num><content><p>The Secretary of State must by regulations make provision for notice to be given in accordance with the regulations where material is removed from the register under section <ref href="#d28e12230">1094</ref> otherwise than on an application.</p></content></subsection><subsection eId="d28e12309"><num>(2)</num><content><p>The Secretary of State must by regulations make provision in connection with the making and determination of applications for the removal of material from the register under section <ref href="#d28e12230">1094</ref>.</p></content></subsection><subsection><num>(3)</num><intro><p>The provision that may be made under subsection <ref href="#d28e12309">(2)</ref> includes provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application,</p></content></level><level class="para1"><num>(b)</num><content><p>the information to be included in and documents to accompany an application,</p></content></level><level class="para1"><num>(c)</num><content><p>the notice to be given of an application and of its outcome,</p></content></level><level class="para1"><num>(d)</num><content><p>a period in which objections to an application may be made, and</p></content></level><level class="para1" eId="d28e12351"><num>(e)</num><content><p>how an application is to be determined, including provision as to evidence that may be relied upon by the registrar for the purposes of satisfying the test in section <ref href="#d28e12230">1094</ref><ref href="#d28e12234">(1)</ref>.</p></content></level></subsection><subsection><num>(4)</num><intro><p>The provision that may be made by virtue of subsection <ref href="#d28e12351">(3)(e)</ref> includes provision as to circumstances in which—</p></intro><level class="para1"><num>(a)</num><content><p>evidence is to be treated by the registrar as conclusive proof that the test in section <ref href="#d28e12230">1094</ref><ref href="#d28e12234">(1)</ref> is met, and</p></content></level><level class="para1"><num>(b)</num><content><p>the power of removal must be exercised.</p></content></level></subsection><subsection><num>(5)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to the negative resolution procedure.</p></content></subsection></section><section><num>1094B</num><heading>Power of court to make consequential orders following removal</heading><subsection><num>(1)</num><content><p>Where the registrar removes anything from the register otherwise than in pursuance of a court order, the court may, on an application by a person with sufficient interest, make such consequential orders as the court thinks fit as to the legal effects of the inclusion of the material on the register or its removal.</p></content></subsection><subsection><num>(2)</num><content><p>In this section the reference to the registrar removing material from the register includes the registrar determining that anything purported to be delivered to the registrar under any enactment was not in fact delivered under an enactment and therefore does not form part of the register.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-85-3"><num>(3)</num><content><p><mod>In section 1073 (power to accept documents not meeting requirements for proper delivery), in subsection (6)(a), for “section 1094(4)” substitute <quotedText>“regulations under section <ref href="#d28e12296">1094A</ref><ref href="#d28e12300">(1)</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-85-4"><num>(4)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), for paragraph (f) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(f)</num><content><p>any application or other document delivered to the registrar under section <ref href="#d28e12230">1094</ref> (removal of material from the register);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-85-5"><num>(5)</num><content><p>Omit section 1095 (rectification of register on application to registrar).</p></content></subsection><subsection eId="section-85-6"><num>(6)</num><content><p>Omit section 1095A (rectification of register to resolve a discrepancy).</p></content></subsection></section><section eId="section-86"><num>86</num><heading>Rectification of the register under court order</heading><subsection eId="section-86-1"><num>(1)</num><content><p>Section 1096 of the Companies Act 2006 (rectification of the register under court order) is amended as follows.</p></content></subsection><subsection eId="section-86-2"><num>(2)</num><content><p><mod>For subsection (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><content><p>The court may make an order for the removal from the register of anything the registration of which had legal consequences only if satisfied that the interest of the company, or (if different) the applicant, in removing the material outweighs any interest of other persons in the material continuing to appear on the register.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-86-3"><num>(3)</num><content><p><mod>After subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5A)</num><content><p>This section does not apply to any material delivered to the registrar under Part 15.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-86-4"><num>(4)</num><content><p>In subsection (6), omit paragraph (a) and the “or” at the end of that paragraph.</p></content></subsection></section><section eId="section-87"><num>87</num><heading>Power to require businesses to report discrepancies</heading><subsection eId="section-87-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-87-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (4), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e12555">1110D</ref> (power to require businesses to report discrepancies),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-87-3"><num>(3)</num><content><p><mod>After section 1110C (inserted by section 67 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Discrepancy reporting</heading><section eId="d28e12555"><num>1110D</num><heading>Power to require businesses to report discrepancies</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations impose requirements on a person who is carrying on business in the United Kingdom (a “relevant person”)—</p></intro><level class="para1"><num>(a)</num><intro><p>to obtain specified information about a customer (or prospective customer)—</p></intro><level class="para2"><num>(i)</num><content><p>before entering into a business relationship with them, or</p></content></level><level class="para2"><num>(ii)</num><content><p>during a business relationship with them,</p></content></level></level><level class="para1"><num>(b)</num><content><p>to identify discrepancies between information so obtained and information made publicly available by the registrar, and</p></content></level><level class="para1"><num>(c)</num><content><p>to report any discrepancies to the registrar.</p></content></level></subsection><subsection><num>(2)</num><content><p>The regulations may require the relevant person, when reporting discrepancies, to provide such other information as may be required by the regulations (including information about the relevant person).</p></content></subsection><subsection><num>(3)</num><content><p>The regulations may provide for reports or other information delivered to the registrar under the regulations to be withheld from public inspection.</p></content></subsection><subsection><num>(4)</num><content><p>The regulations may create offences in relation to failures to comply with requirements imposed by the regulations.</p></content></subsection><subsection><num>(5)</num><intro><p>The regulations may not provide for an offence created by the regulations to be punishable with imprisonment for a period exceeding—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of conviction on indictment, 2 years;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of summary conviction, 3 months.</p></content></level></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-customer">customer</term>”, in relation to a person carrying out estate agency work, includes a purchaser (as well as a seller).</p></content></subsection><subsection><num>(7)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-79"><num>79</num><heading>Power to reject documents for inconsistencies</heading><content><p><mod>After section 1073 of the Companies Act 2006 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>1073A</num><heading>Power to reject documents for discrepancies</heading><subsection><num>(1)</num><intro><p>The registrar may refuse to accept (and register) a document if—</p></intro><level class="para1"><num>(a)</num><content><p>it appears to the registrar to be inconsistent with other information that is held by or available to the registrar, and</p></content></level><level class="para1"><num>(b)</num><content><p>in light of the inconsistency, the registrar has reasonable grounds to doubt whether it complies with any requirement as to its contents.</p></content></level></subsection><subsection><num>(2)</num><content><p>A document is refused by giving notice of the refusal to the person by whom the document was delivered to the registrar.</p></content></subsection><subsection><num>(3)</num><content><p>A document that is refused by the registrar is treated for the purposes of any provision authorising or requiring its delivery as not having been delivered.</p></content></subsection></section></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-80"><num>80</num><heading>Informal correction of document</heading><subsection eId="section-80-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-80-2"><num>(2)</num><content><p>Omit section 1075 (informal correction of document).</p></content></subsection><subsection eId="section-80-3"><num>(3)</num><content><p>In section 1081 (annotation of the register), in subsection (1), omit paragraph (b).</p></content></subsection><subsection eId="section-80-4"><num>(4)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1)(d), at the end insert <quotedText>“before the repeal of that section by the Economic Crime and Corporate Transparency Act 2023”</quotedText>.</mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-80-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-80-2"><num>(2)</num><content><p>Omit section 1075 (informal correction of document).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-80-3"><num>(3)</num><content><p>In section 1081 (annotation of the register), in subsection (1), omit paragraph (b).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-80-4"><num>(4)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1)(d), at the end insert <quotedText>“before the repeal of that section by the Economic Crime and Corporate Transparency Act 2023”</quotedText>.</mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-81"><num>81</num><heading>Preservation of original documents</heading><content><p><mod>In section 1083 of the Companies Act 2006 (preservation of original documents), in subsection (1), for “three years” substitute <quotedText>“two years”</quotedText>.</mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-82"><num>82</num><heading>Records relating to dissolved companies etc</heading><subsection eId="section-82-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-82-2"><num>(2)</num><intro><p>Section 1084 (records relating to companies that have been dissolved etc) is to extend also to Scotland and is amended as follows—</p></intro><level class="para1" eId="section-82-2-a"><num>(a)</num><content><p><mod>in subsection (1), after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><p>and a reference in this section to “the relevant date” is to the date on which the company was dissolved, the overseas company ceased to have that connection with the United Kingdom or the institution ceased to be within section 1050.</p></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-82-2-b"><num>(b)</num><content><p><mod>after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e11845"><num>(1A)</num><content><p>The registrar need not make any information contained in records relating to the company or institution available for public inspection at any time after the end of the period of 20 years beginning with the relevant date.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-82-2-c"><num>(c)</num><content><p><mod>for subsections (2) and (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e11860"><num>(2)</num><content><p>The registrar of companies for England and Wales may, at any time after the period of two years beginning with the relevant date, direct that any records relating to the company or institution that are held by the registrar are to be removed to the Public Record Office.</p></content></subsection><subsection eId="d28e11866"><num>(2AA)</num><content><p>The registrar of companies for Northern Ireland may, at any time after the period of two years beginning with the relevant date, direct that any records relating to the company or institution that are held by the registrar are to be removed to the Public Record Office of Northern Ireland.</p></content></subsection><subsection><num>(3)</num><content><p>Records in respect of which a direction is given under subsection <ref href="#d28e11860">(2)</ref> or <ref href="#d28e11866">(2A)</ref> are to be disposed of under the enactments relating to the Public Record Office or, as the case may be, the Public Record Office of Northern Ireland.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-82-2-d"><num>(d)</num><content><p>omit subsections (4A) and (5).</p></content></level></subsection><subsection eId="section-82-3"><num>(3)</num><content><p>Omit section 1087ZA (required particulars available for public inspection for limited period).</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-82-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-82-2"><num>(2)</num><intro><p>Section 1084 (records relating to companies that have been dissolved etc) is to extend also to Scotland and is amended as follows—</p></intro><level class="para1" eId="section-82-2-a"><num>(a)</num><content><p><mod>in subsection (1), after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><p>and a reference in this section to “the relevant date” is to the date on which the company was dissolved, the overseas company ceased to have that connection with the United Kingdom or the institution ceased to be within section 1050.</p></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-82-2-b"><num>(b)</num><content><p><mod>after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e11845"><num>(1A)</num><content><p>The registrar need not make any information contained in records relating to the company or institution available for public inspection at any time after the end of the period of 20 years beginning with the relevant date.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-82-2-c"><num>(c)</num><content><p><mod>for subsections (2) and (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e11860"><num>(2)</num><content><p>The registrar of companies for England and Wales may, at any time after the period of two years beginning with the relevant date, direct that any records relating to the company or institution that are held by the registrar are to be removed to the Public Record Office.</p></content></subsection><subsection eId="d28e11866"><num>(2AA)</num><content><p>The registrar of companies for Northern Ireland may, at any time after the period of two years beginning with the relevant date, direct that any records relating to the company or institution that are held by the registrar are to be removed to the Public Record Office of Northern Ireland.</p></content></subsection><subsection><num>(3)</num><content><p>Records in respect of which a direction is given under subsection <ref href="#d28e11860">(2)</ref> or <ref href="#d28e11866">(2A)</ref> are to be disposed of under the enactments relating to the Public Record Office or, as the case may be, the Public Record Office of Northern Ireland.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-82-2-d"><num>(d)</num><content><p>omit subsections (4A) and (5).</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-82-2-a"><num>(a)</num><content><p><mod>in subsection (1), after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><p>and a reference in this section to “the relevant date” is to the date on which the company was dissolved, the overseas company ceased to have that connection with the United Kingdom or the institution ceased to be within section 1050.</p></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-82-2-b"><num>(b)</num><content><p><mod>after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e11845"><num>(1A)</num><content><p>The registrar need not make any information contained in records relating to the company or institution available for public inspection at any time after the end of the period of 20 years beginning with the relevant date.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-82-2-c"><num>(c)</num><content><p><mod>for subsections (2) and (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e11860"><num>(2)</num><content><p>The registrar of companies for England and Wales may, at any time after the period of two years beginning with the relevant date, direct that any records relating to the company or institution that are held by the registrar are to be removed to the Public Record Office.</p></content></subsection><subsection eId="d28e11866"><num>(2AA)</num><content><p>The registrar of companies for Northern Ireland may, at any time after the period of two years beginning with the relevant date, direct that any records relating to the company or institution that are held by the registrar are to be removed to the Public Record Office of Northern Ireland.</p></content></subsection><subsection><num>(3)</num><content><p>Records in respect of which a direction is given under subsection <ref href="#d28e11860">(2)</ref> or <ref href="#d28e11866">(2A)</ref> are to be disposed of under the enactments relating to the Public Record Office or, as the case may be, the Public Record Office of Northern Ireland.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-82-2-d"><num>(d)</num><content><p>omit subsections (4A) and (5).</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-82-3"><num>(3)</num><content><p>Omit section 1087ZA (required particulars available for public inspection for limited period).</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-83"><num>83</num><heading>Power to require additional information</heading><subsection eId="section-83-1"><num>(1)</num><content><p>The Companies Act 2006 is amended in accordance with subsections <ref href="#section-83-2">(2)</ref> to <ref href="#section-83-4">(4)</ref>.</p></content></subsection><subsection eId="section-83-2"><num>(2)</num><content><p><mod>After section 1092 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Additional information</heading><section eId="d28e11932"><num>1092A</num><heading>Power to require information</heading><subsection eId="d28e11936"><num>(1)</num><intro><p>The registrar may by notice in writing require a person to provide information to the registrar for the purposes of enabling the registrar to determine—</p></intro><level class="para1"><num>(a)</num><content><p>whether a person has complied with any obligation imposed by an enactment to deliver a document to the registrar,</p></content></level><level class="para1"><num>(b)</num><content><p>whether any information contained in a document received by the registrar falls within section 1080(1)(a).</p></content></level></subsection><subsection><num>(2)</num><intro><p>A requirement under this section may specify—</p></intro><level class="para1" eId="d28e11960"><num>(a)</num><content><p>the form and manner in which the information is to be provided;</p></content></level><level class="para1"><num>(b)</num><content><p>the period within which it is to be provided.</p></content></level></subsection><subsection><num>(3)</num><content><p>The registrar may by notice in writing extend a period specified in a requirement under this section.</p></content></subsection></section><section><num>1092B</num><heading>Offence relating to provision of information</heading><subsection><num>(1)</num><content><p>A person who, without reasonable excuse, fails to comply with a requirement under section <ref href="#d28e11932">1092A</ref> commits an offence.</p></content></subsection><subsection><num>(2)</num><content><p>Where an offence under this section is committed by a firm, an offence is also committed by every officer of the firm who is in default.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1" eId="d28e12012"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2" eId="d28e12024"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum;</p></content></level><level class="para2" eId="d28e12030"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both), and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum.</p></content></level></level></subsection></section><section eId="d28e12039"><num>1092C</num><heading>Privilege against self-incrimination</heading><subsection eId="d28e12043"><num>(1)</num><content><p>A statement made by a person in response to a requirement under section <ref href="#d28e11932">1092A</ref> may not be used against the person in criminal proceedings in which the person is charged with an offence to which this subsection applies.</p></content></subsection><subsection><num>(2)</num><intro><p>Subsection <ref href="#d28e12043">(1)</ref> applies to any offence other than—</p></intro><level class="para1" eId="d28e12061"><num>(a)</num><intro><p>an offence under one of the following provisions (which concern false statements etc)—</p></intro><level class="para2"><num>(i)</num><content><p>section 1112 or 1112A;</p></content></level><level class="para2"><num>(ii)</num><content><p>section 5 of the Perjury Act 1911;</p></content></level><level class="para2"><num>(iii)</num><content><p>section 44(2) of the Criminal Law (Consolidation) (Scotland) Act 1995;</p></content></level><level class="para2"><num>(iv)</num><content><p>Article 10 of the Perjury (Northern Ireland) Order 1979 (<ref eId="c00010" href="http://www.legislation.gov.uk/id/nisi/1979/1714">S.I. 1979/1714 (N.I. 19)</ref>);</p></content></level><level class="para2"><num>(v)</num><content><p>section 32 or 32A of the Economic Crime (Transparency and Enforcement) Act 2022;</p></content></level><level class="para2"><num>(vi)</num><content><p>section 34 or 35 of the Limited Partnerships Act 1907;</p></content></level></level><level class="para1"><num>(b)</num><content><p>any offence, not within paragraph <ref href="#d28e12061">(a)</ref>, an element of which is the delivery to the registrar of a document, or the making of a statement to the registrar, that is misleading, false or deceptive.</p></content></level></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-83-3"><num>(3)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (2), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>sections <ref href="#d28e11932">1092A</ref> to <ref href="#d28e12039">1092C</ref> (powers to require further information),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-83-4"><num>(4)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), after paragraph (e) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ea)</num><content><p>any information provided to the registrar under section <ref href="#d28e11932">1092A</ref> (power to require further information);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-83-1"><num>(1)</num><content><p>The Companies Act 2006 is amended in accordance with subsections <ref href="#section-83-2">(2)</ref> to <ref href="#section-83-4">(4)</ref>.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-83-2"><num>(2)</num><content><p><mod>After section 1092 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Additional information</heading><section eId="d28e11932"><num>1092A</num><heading>Power to require information</heading><subsection eId="d28e11936"><num>(1)</num><intro><p>The registrar may by notice in writing require a person to provide information to the registrar for the purposes of enabling the registrar to determine—</p></intro><level class="para1"><num>(a)</num><content><p>whether a person has complied with any obligation imposed by an enactment to deliver a document to the registrar,</p></content></level><level class="para1"><num>(b)</num><content><p>whether any information contained in a document received by the registrar falls within section 1080(1)(a).</p></content></level></subsection><subsection><num>(2)</num><intro><p>A requirement under this section may specify—</p></intro><level class="para1" eId="d28e11960"><num>(a)</num><content><p>the form and manner in which the information is to be provided;</p></content></level><level class="para1"><num>(b)</num><content><p>the period within which it is to be provided.</p></content></level></subsection><subsection><num>(3)</num><content><p>The registrar may by notice in writing extend a period specified in a requirement under this section.</p></content></subsection></section><section><num>1092B</num><heading>Offence relating to provision of information</heading><subsection><num>(1)</num><content><p>A person who, without reasonable excuse, fails to comply with a requirement under section <ref href="#d28e11932">1092A</ref> commits an offence.</p></content></subsection><subsection><num>(2)</num><content><p>Where an offence under this section is committed by a firm, an offence is also committed by every officer of the firm who is in default.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1" eId="d28e12012"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2" eId="d28e12024"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum;</p></content></level><level class="para2" eId="d28e12030"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both), and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum.</p></content></level></level></subsection></section><section eId="d28e12039"><num>1092C</num><heading>Privilege against self-incrimination</heading><subsection eId="d28e12043"><num>(1)</num><content><p>A statement made by a person in response to a requirement under section <ref href="#d28e11932">1092A</ref> may not be used against the person in criminal proceedings in which the person is charged with an offence to which this subsection applies.</p></content></subsection><subsection><num>(2)</num><intro><p>Subsection <ref href="#d28e12043">(1)</ref> applies to any offence other than—</p></intro><level class="para1" eId="d28e12061"><num>(a)</num><intro><p>an offence under one of the following provisions (which concern false statements etc)—</p></intro><level class="para2"><num>(i)</num><content><p>section 1112 or 1112A;</p></content></level><level class="para2"><num>(ii)</num><content><p>section 5 of the Perjury Act 1911;</p></content></level><level class="para2"><num>(iii)</num><content><p>section 44(2) of the Criminal Law (Consolidation) (Scotland) Act 1995;</p></content></level><level class="para2"><num>(iv)</num><content><p>Article 10 of the Perjury (Northern Ireland) Order 1979 (<ref eId="c00010" href="http://www.legislation.gov.uk/id/nisi/1979/1714">S.I. 1979/1714 (N.I. 19)</ref>);</p></content></level><level class="para2"><num>(v)</num><content><p>section 32 or 32A of the Economic Crime (Transparency and Enforcement) Act 2022;</p></content></level><level class="para2"><num>(vi)</num><content><p>section 34 or 35 of the Limited Partnerships Act 1907;</p></content></level></level><level class="para1"><num>(b)</num><content><p>any offence, not within paragraph <ref href="#d28e12061">(a)</ref>, an element of which is the delivery to the registrar of a document, or the making of a statement to the registrar, that is misleading, false or deceptive.</p></content></level></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-83-3"><num>(3)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (2), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>sections <ref href="#d28e11932">1092A</ref> to <ref href="#d28e12039">1092C</ref> (powers to require further information),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-83-4"><num>(4)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), after paragraph (e) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ea)</num><content><p>any information provided to the registrar under section <ref href="#d28e11932">1092A</ref> (power to require further information);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-84"><num>84</num><heading>Registrar’s notice to resolve inconsistencies</heading><subsection eId="section-84-1"><num>(1)</num><content><p>Section 1093 of the Companies Act 2006 (registrar’s notice to resolve inconsistency on the register) is amended as follows.</p></content></subsection><subsection eId="section-84-2"><num>(2)</num><content><p><mod>For subsections (1) and (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>Where it appears to the registrar that the information contained in a document delivered to the registrar in relation to a company is inconsistent with other information contained in records kept by the registrar under section 1080, the registrar may give notice to the company to which the document relates—</p></intro><level class="para1"><num>(a)</num><content><p>stating in what respects the information contained in it appears to be inconsistent with other information in records kept by the registrar under section 1080, and</p></content></level><level class="para1"><num>(b)</num><content><p>requiring the company, within the period of 14 days beginning with the date on which the notice is issued, to take all such steps as are reasonably open to it to resolve the inconsistency by delivering replacement or additional documents or in any other way.</p></content></level></subsection><subsection><num>(2)</num><content><p>The notice must state the date on which it is issued.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-84-3"><num>(3)</num><content><p>In the heading, omit “on the register”.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-84-1"><num>(1)</num><content><p>Section 1093 of the Companies Act 2006 (registrar’s notice to resolve inconsistency on the register) is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-84-2"><num>(2)</num><content><p><mod>For subsections (1) and (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>Where it appears to the registrar that the information contained in a document delivered to the registrar in relation to a company is inconsistent with other information contained in records kept by the registrar under section 1080, the registrar may give notice to the company to which the document relates—</p></intro><level class="para1"><num>(a)</num><content><p>stating in what respects the information contained in it appears to be inconsistent with other information in records kept by the registrar under section 1080, and</p></content></level><level class="para1"><num>(b)</num><content><p>requiring the company, within the period of 14 days beginning with the date on which the notice is issued, to take all such steps as are reasonably open to it to resolve the inconsistency by delivering replacement or additional documents or in any other way.</p></content></level></subsection><subsection><num>(2)</num><content><p>The notice must state the date on which it is issued.</p></content></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-84-3"><num>(3)</num><content><p>In the heading, omit “on the register”.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-85"><num>85</num><heading>Administrative removal of material from the register</heading><subsection eId="section-85-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-85-2"><num>(2)</num><content><p><mod>For section 1094 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e12230"><num>1094</num><heading>Removal of material from the register</heading><subsection eId="d28e12234"><num>(1)</num><intro><p>The registrar may remove from the register anything that appears to the registrar to be—</p></intro><level class="para1"><num>(a)</num><content><p>a document, or material derived from a document, accepted under section 1073 (power to accept documents not meeting requirements for proper delivery), or</p></content></level><level class="para1"><num>(b)</num><content><p>unnecessary material as defined by section 1074.</p></content></level></subsection><subsection eId="d28e12252"><num>(2)</num><intro><p>The power to remove material from the register under this section may be exercised—</p></intro><level class="para1"><num>(a)</num><content><p>on the registrar’s own motion, or</p></content></level><level class="para1" eId="d28e12264"><num>(b)</num><content><p>on an application made in accordance with regulations under section <ref href="#d28e12296">1094A</ref><ref href="#d28e12252">(2)</ref>.</p></content></level></subsection><subsection><num>(3)</num><content><p>The registrar may exercise the power to remove from the register anything the registration of which had legal consequences only if satisfied that the interest of the company, or (if different) the applicant, in removing the material outweighs any interest of other persons in the material continuing to appear on the register.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State may by regulations provide that the registrar’s power to remove material from the register under this section following an application is limited to material of a description specified in the regulations.</p></content></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to the negative resolution procedure.</p></content></subsection></section><section eId="d28e12296"><num>1094A</num><heading>Further provision about removal of material from the register</heading><subsection eId="d28e12300"><num>(1)</num><content><p>The Secretary of State must by regulations make provision for notice to be given in accordance with the regulations where material is removed from the register under section <ref href="#d28e12230">1094</ref> otherwise than on an application.</p></content></subsection><subsection eId="d28e12309"><num>(2)</num><content><p>The Secretary of State must by regulations make provision in connection with the making and determination of applications for the removal of material from the register under section <ref href="#d28e12230">1094</ref>.</p></content></subsection><subsection><num>(3)</num><intro><p>The provision that may be made under subsection <ref href="#d28e12309">(2)</ref> includes provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application,</p></content></level><level class="para1"><num>(b)</num><content><p>the information to be included in and documents to accompany an application,</p></content></level><level class="para1"><num>(c)</num><content><p>the notice to be given of an application and of its outcome,</p></content></level><level class="para1"><num>(d)</num><content><p>a period in which objections to an application may be made, and</p></content></level><level class="para1" eId="d28e12351"><num>(e)</num><content><p>how an application is to be determined, including provision as to evidence that may be relied upon by the registrar for the purposes of satisfying the test in section <ref href="#d28e12230">1094</ref><ref href="#d28e12234">(1)</ref>.</p></content></level></subsection><subsection><num>(4)</num><intro><p>The provision that may be made by virtue of subsection <ref href="#d28e12351">(3)(e)</ref> includes provision as to circumstances in which—</p></intro><level class="para1"><num>(a)</num><content><p>evidence is to be treated by the registrar as conclusive proof that the test in section <ref href="#d28e12230">1094</ref><ref href="#d28e12234">(1)</ref> is met, and</p></content></level><level class="para1"><num>(b)</num><content><p>the power of removal must be exercised.</p></content></level></subsection><subsection><num>(5)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to the negative resolution procedure.</p></content></subsection></section><section><num>1094B</num><heading>Power of court to make consequential orders following removal</heading><subsection><num>(1)</num><content><p>Where the registrar removes anything from the register otherwise than in pursuance of a court order, the court may, on an application by a person with sufficient interest, make such consequential orders as the court thinks fit as to the legal effects of the inclusion of the material on the register or its removal.</p></content></subsection><subsection><num>(2)</num><content><p>In this section the reference to the registrar removing material from the register includes the registrar determining that anything purported to be delivered to the registrar under any enactment was not in fact delivered under an enactment and therefore does not form part of the register.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-85-3"><num>(3)</num><content><p><mod>In section 1073 (power to accept documents not meeting requirements for proper delivery), in subsection (6)(a), for “section 1094(4)” substitute <quotedText>“regulations under section <ref href="#d28e12296">1094A</ref><ref href="#d28e12300">(1)</ref>”</quotedText>.</mod></p></content></subsection><subsection eId="section-85-4"><num>(4)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), for paragraph (f) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(f)</num><content><p>any application or other document delivered to the registrar under section <ref href="#d28e12230">1094</ref> (removal of material from the register);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-85-5"><num>(5)</num><content><p>Omit section 1095 (rectification of register on application to registrar).</p></content></subsection><subsection eId="section-85-6"><num>(6)</num><content><p>Omit section 1095A (rectification of register to resolve a discrepancy).</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-85-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-85-2"><num>(2)</num><content><p><mod>For section 1094 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e12230"><num>1094</num><heading>Removal of material from the register</heading><subsection eId="d28e12234"><num>(1)</num><intro><p>The registrar may remove from the register anything that appears to the registrar to be—</p></intro><level class="para1"><num>(a)</num><content><p>a document, or material derived from a document, accepted under section 1073 (power to accept documents not meeting requirements for proper delivery), or</p></content></level><level class="para1"><num>(b)</num><content><p>unnecessary material as defined by section 1074.</p></content></level></subsection><subsection eId="d28e12252"><num>(2)</num><intro><p>The power to remove material from the register under this section may be exercised—</p></intro><level class="para1"><num>(a)</num><content><p>on the registrar’s own motion, or</p></content></level><level class="para1" eId="d28e12264"><num>(b)</num><content><p>on an application made in accordance with regulations under section <ref href="#d28e12296">1094A</ref><ref href="#d28e12252">(2)</ref>.</p></content></level></subsection><subsection><num>(3)</num><content><p>The registrar may exercise the power to remove from the register anything the registration of which had legal consequences only if satisfied that the interest of the company, or (if different) the applicant, in removing the material outweighs any interest of other persons in the material continuing to appear on the register.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State may by regulations provide that the registrar’s power to remove material from the register under this section following an application is limited to material of a description specified in the regulations.</p></content></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to the negative resolution procedure.</p></content></subsection></section><section eId="d28e12296"><num>1094A</num><heading>Further provision about removal of material from the register</heading><subsection eId="d28e12300"><num>(1)</num><content><p>The Secretary of State must by regulations make provision for notice to be given in accordance with the regulations where material is removed from the register under section <ref href="#d28e12230">1094</ref> otherwise than on an application.</p></content></subsection><subsection eId="d28e12309"><num>(2)</num><content><p>The Secretary of State must by regulations make provision in connection with the making and determination of applications for the removal of material from the register under section <ref href="#d28e12230">1094</ref>.</p></content></subsection><subsection><num>(3)</num><intro><p>The provision that may be made under subsection <ref href="#d28e12309">(2)</ref> includes provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application,</p></content></level><level class="para1"><num>(b)</num><content><p>the information to be included in and documents to accompany an application,</p></content></level><level class="para1"><num>(c)</num><content><p>the notice to be given of an application and of its outcome,</p></content></level><level class="para1"><num>(d)</num><content><p>a period in which objections to an application may be made, and</p></content></level><level class="para1" eId="d28e12351"><num>(e)</num><content><p>how an application is to be determined, including provision as to evidence that may be relied upon by the registrar for the purposes of satisfying the test in section <ref href="#d28e12230">1094</ref><ref href="#d28e12234">(1)</ref>.</p></content></level></subsection><subsection><num>(4)</num><intro><p>The provision that may be made by virtue of subsection <ref href="#d28e12351">(3)(e)</ref> includes provision as to circumstances in which—</p></intro><level class="para1"><num>(a)</num><content><p>evidence is to be treated by the registrar as conclusive proof that the test in section <ref href="#d28e12230">1094</ref><ref href="#d28e12234">(1)</ref> is met, and</p></content></level><level class="para1"><num>(b)</num><content><p>the power of removal must be exercised.</p></content></level></subsection><subsection><num>(5)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to the negative resolution procedure.</p></content></subsection></section><section><num>1094B</num><heading>Power of court to make consequential orders following removal</heading><subsection><num>(1)</num><content><p>Where the registrar removes anything from the register otherwise than in pursuance of a court order, the court may, on an application by a person with sufficient interest, make such consequential orders as the court thinks fit as to the legal effects of the inclusion of the material on the register or its removal.</p></content></subsection><subsection><num>(2)</num><content><p>In this section the reference to the registrar removing material from the register includes the registrar determining that anything purported to be delivered to the registrar under any enactment was not in fact delivered under an enactment and therefore does not form part of the register.</p></content></subsection></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-85-3"><num>(3)</num><content><p><mod>In section 1073 (power to accept documents not meeting requirements for proper delivery), in subsection (6)(a), for “section 1094(4)” substitute <quotedText>“regulations under section <ref href="#d28e12296">1094A</ref><ref href="#d28e12300">(1)</ref>”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-85-4"><num>(4)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), for paragraph (f) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(f)</num><content><p>any application or other document delivered to the registrar under section <ref href="#d28e12230">1094</ref> (removal of material from the register);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-85-5"><num>(5)</num><content><p>Omit section 1095 (rectification of register on application to registrar).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-85-6"><num>(6)</num><content><p>Omit section 1095A (rectification of register to resolve a discrepancy).</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-86"><num>86</num><heading>Rectification of the register under court order</heading><subsection eId="section-86-1"><num>(1)</num><content><p>Section 1096 of the Companies Act 2006 (rectification of the register under court order) is amended as follows.</p></content></subsection><subsection eId="section-86-2"><num>(2)</num><content><p><mod>For subsection (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><content><p>The court may make an order for the removal from the register of anything the registration of which had legal consequences only if satisfied that the interest of the company, or (if different) the applicant, in removing the material outweighs any interest of other persons in the material continuing to appear on the register.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-86-3"><num>(3)</num><content><p><mod>After subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5A)</num><content><p>This section does not apply to any material delivered to the registrar under Part 15.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-86-4"><num>(4)</num><content><p>In subsection (6), omit paragraph (a) and the “or” at the end of that paragraph.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-86-1"><num>(1)</num><content><p>Section 1096 of the Companies Act 2006 (rectification of the register under court order) is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-86-2"><num>(2)</num><content><p><mod>For subsection (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><content><p>The court may make an order for the removal from the register of anything the registration of which had legal consequences only if satisfied that the interest of the company, or (if different) the applicant, in removing the material outweighs any interest of other persons in the material continuing to appear on the register.</p></content></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-86-3"><num>(3)</num><content><p><mod>After subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5A)</num><content><p>This section does not apply to any material delivered to the registrar under Part 15.</p></content></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-86-4"><num>(4)</num><content><p>In subsection (6), omit paragraph (a) and the “or” at the end of that paragraph.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-87"><num>87</num><heading>Power to require businesses to report discrepancies</heading><subsection eId="section-87-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-87-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (4), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e12555">1110D</ref> (power to require businesses to report discrepancies),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-87-3"><num>(3)</num><content><p><mod>After section 1110C (inserted by section 67 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Discrepancy reporting</heading><section eId="d28e12555"><num>1110D</num><heading>Power to require businesses to report discrepancies</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations impose requirements on a person who is carrying on business in the United Kingdom (a “relevant person”)—</p></intro><level class="para1"><num>(a)</num><intro><p>to obtain specified information about a customer (or prospective customer)—</p></intro><level class="para2"><num>(i)</num><content><p>before entering into a business relationship with them, or</p></content></level><level class="para2"><num>(ii)</num><content><p>during a business relationship with them,</p></content></level></level><level class="para1"><num>(b)</num><content><p>to identify discrepancies between information so obtained and information made publicly available by the registrar, and</p></content></level><level class="para1"><num>(c)</num><content><p>to report any discrepancies to the registrar.</p></content></level></subsection><subsection><num>(2)</num><content><p>The regulations may require the relevant person, when reporting discrepancies, to provide such other information as may be required by the regulations (including information about the relevant person).</p></content></subsection><subsection><num>(3)</num><content><p>The regulations may provide for reports or other information delivered to the registrar under the regulations to be withheld from public inspection.</p></content></subsection><subsection><num>(4)</num><content><p>The regulations may create offences in relation to failures to comply with requirements imposed by the regulations.</p></content></subsection><subsection><num>(5)</num><intro><p>The regulations may not provide for an offence created by the regulations to be punishable with imprisonment for a period exceeding—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of conviction on indictment, 2 years;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of summary conviction, 3 months.</p></content></level></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-customer">customer</term>”, in relation to a person carrying out estate agency work, includes a purchaser (as well as a seller).</p></content></subsection><subsection><num>(7)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-87-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-87-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (4), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e12555">1110D</ref> (power to require businesses to report discrepancies),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-87-3"><num>(3)</num><content><p><mod>After section 1110C (inserted by section 67 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Discrepancy reporting</heading><section eId="d28e12555"><num>1110D</num><heading>Power to require businesses to report discrepancies</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations impose requirements on a person who is carrying on business in the United Kingdom (a “relevant person”)—</p></intro><level class="para1"><num>(a)</num><intro><p>to obtain specified information about a customer (or prospective customer)—</p></intro><level class="para2"><num>(i)</num><content><p>before entering into a business relationship with them, or</p></content></level><level class="para2"><num>(ii)</num><content><p>during a business relationship with them,</p></content></level></level><level class="para1"><num>(b)</num><content><p>to identify discrepancies between information so obtained and information made publicly available by the registrar, and</p></content></level><level class="para1"><num>(c)</num><content><p>to report any discrepancies to the registrar.</p></content></level></subsection><subsection><num>(2)</num><content><p>The regulations may require the relevant person, when reporting discrepancies, to provide such other information as may be required by the regulations (including information about the relevant person).</p></content></subsection><subsection><num>(3)</num><content><p>The regulations may provide for reports or other information delivered to the registrar under the regulations to be withheld from public inspection.</p></content></subsection><subsection><num>(4)</num><content><p>The regulations may create offences in relation to failures to comply with requirements imposed by the regulations.</p></content></subsection><subsection><num>(5)</num><intro><p>The regulations may not provide for an offence created by the regulations to be punishable with imprisonment for a period exceeding—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of conviction on indictment, 2 years;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of summary conviction, 3 months.</p></content></level></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-customer">customer</term>”, in relation to a person carrying out estate agency work, includes a purchaser (as well as a seller).</p></content></subsection><subsection><num>(7)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-inspection-etc-of-the-register"><heading>Inspection etc of the register</heading><section eId="section-88"><num>88</num><heading>Inspection of the register: general</heading><content><p><mod>In section 1085 of the Companies Act 2006 (inspection of the register), for subsection (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><content><p>This section has effect subject to—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>sections 64<ref href="#d28e1636">(6A)</ref>, 67<ref href="#d28e1649">(1A)</ref>, 73<ref href="#d28e1662">(7)</ref>, 75<ref href="#d28e1675">(4A)</ref>, 76<ref href="#d28e1688">(5B)</ref>, 76A(9) and 76B(9) (which confer powers to suppress a company’s name that it has been directed or ordered to change);</p></item><item><p>section 1084<ref href="#d28e11845">(1A)</ref> (records relating to dissolved companies etc);</p></item><item><p>section 1087 (material not available for public inspection).</p></item></blockList></content></subsection></quotedStructure></mod></p></content></section><section eId="section-89"><num>89</num><heading>Copies of material on the register</heading><subsection eId="section-89-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-89-2"><num>(2)</num><intro><p>In section 1086 (right to copy of material on the register)—</p></intro><level class="para1" eId="section-89-2-a"><num>(a)</num><content><p><mod>in subsection (1), at the end insert <quotedText>“that is available for public inspection”</quotedText>;</mod></p></content></level><level class="para1" eId="section-89-2-b"><num>(b)</num><content><p>omit subsection (3).</p></content></level></subsection><subsection eId="section-89-3"><num>(3)</num><content><p>In section 1089 (form of application for inspection or copy), omit subsection (2).</p></content></subsection><subsection eId="section-89-4"><num>(4)</num><content><p><mod>For section 1090 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>1090</num><heading>Form and manner in which copies to be provided</heading><content><p>The registrar may determine the form and manner in which copies are to be provided under section 1086.</p></content></section></quotedStructure></mod></p></content></subsection><subsection eId="section-89-5"><num>(5)</num><intro><p>In section 1091 (certification of copies as accurate)—</p></intro><level class="para1" eId="section-89-5-a"><num>(a)</num><content><p><mod>for subsections (1) and (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><content><p>A copy provided under section 1086 must be certified by the registrar as a true copy if the applicant expressly requests such certification.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-89-5-b"><num>(b)</num><content><p>in subsection (5), omit “Except in the case of an enhanced disclosure document (see section 1078),”.</p></content></level></subsection></section><section eId="section-90"><num>90</num><heading>Material not available for public inspection</heading><content><p><mod>In section 1087 of the Companies Act 2006 (material not available for public inspection), in subsection (1), after paragraph (j) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ja)</num><content><p>any record of the information contained in a document (or part of a document) mentioned in any of the previous paragraphs of this subsection.</p></content></level></quotedStructure></mod></p></content></section><section eId="section-91"><num>91</num><heading>Protecting information on the register</heading><subsection eId="section-91-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-91-2"><num>(2)</num><content><p>In section 790ZF (protection of information as to usual residential address of PSCs), omit subsection (3).</p></content></subsection><subsection eId="section-91-3"><num>(3)</num><intro><p>In section 1087 (material not available for public inspection)—</p></intro><level class="para1" eId="section-91-3-a"><num>(a)</num><content><p><mod>in subsection (1) for paragraph (e) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><intro><p>the following—</p></intro><level class="para2"><num>(i)</num><content><p>any application or other document delivered to the registrar under regulations under section 1088 (regulations protecting material), other than information provided by virtue of section <ref href="#d28e12883">1088</ref><ref href="#d28e12995">(5)</ref>;</p></content></level><level class="para2"><num>(ii)</num><content><p>any information which regulations under section 1088 require not to be made available for public inspection;</p></content></level></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-91-3-b"><num>(b)</num><content><p><mod>for subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e12867"><num>(2)</num><content><p>Where subsection (1), or a provision referred to in subsection (1), imposes a restriction by reference to material deriving from a particular description of document (or part of a document), that does not affect the availability for public inspection of the same information contained in material derived from another description of document (or part of a document) in relation to which no such restriction applies.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-91-4"><num>(4)</num><content><p><mod>For section 1088 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e12883"><num>1088</num><heading>Power to make regulations protecting material</heading><subsection eId="d28e12887"><num>(1)</num><intro><p>The Secretary of State may by regulations make provision requiring the registrar, on application—</p></intro><level class="para1" eId="d28e12893"><num>(a)</num><content><p>not to make available for public inspection any information on the register relating to an individual;</p></content></level><level class="para1" eId="d28e12899"><num>(b)</num><content><p>to refrain from disclosing information on the register relating to an individual except in specified circumstances;</p></content></level><level class="para1" eId="d28e12905"><num>(c)</num><content><p>not to make available for public inspection any address on the register that is not information to which paragraph <ref href="#d28e12893">(a)</ref> applies;</p></content></level><level class="para1" eId="d28e12914"><num>(d)</num><content><p>to refrain from disclosing any such address except in specified circumstances.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The Secretary of State may by regulations make provision requiring the registrar—</p></intro><level class="para1"><num>(a)</num><content><p>not to make available for public inspection any information on the register relating to an individual;</p></content></level><level class="para1" eId="d28e12932"><num>(b)</num><content><p>to refrain from disclosing information on the register relating to an individual except in specified circumstances.</p></content></level></subsection><subsection><num>(3)</num><intro><p>Regulations under subsection <ref href="#d28e12887">(1)</ref> may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application;</p></content></level><level class="para1"><num>(b)</num><content><p>the grounds on which an application may be made;</p></content></level><level class="para1"><num>(c)</num><content><p>the information to be included in and documents to accompany an application;</p></content></level><level class="para1"><num>(d)</num><content><p>the notice to be given of an application and of its outcome;</p></content></level><level class="para1" eId="d28e12971"><num>(e)</num><content><p>how an application is to be determined;</p></content></level><level class="para1" eId="d28e12977"><num>(f)</num><content><p>the duration of, and procedures for revoking, any restrictions on the making of information available for public inspection or its disclosure.</p></content></level></subsection><subsection><num>(4)</num><content><p>Provision under subsection <ref href="#d28e12971">(3)(e)</ref> or <ref href="#d28e12977">(f)</ref> may in particular provide for a question to be referred to a person other than the registrar for the purposes of determining the application or revoking the restrictions.</p></content></subsection><subsection eId="d28e12995"><num>(5)</num><content><p>Regulations under subsection <ref href="#d28e12893">(1)(a)</ref> or <ref href="#d28e12905">(c)</ref> may provide that information is not to be made unavailable for public inspection unless the person to whom it relates provides such alternative information as may be specified.</p></content></subsection><subsection><num>(6)</num><content><p>The circumstances that may be specified under subsection <ref href="#d28e12899">(1)(b)</ref> or <ref href="#d28e12914">(d)</ref> or <ref href="#d28e12932">(2)(b)</ref> by way of an exception to a restriction on disclosure include circumstances where the court has made an order, in accordance with the regulations, authorising disclosure.</p></content></subsection><subsection><num>(7)</num><intro><p>Regulations under subsection <ref href="#d28e12899">(1)(b)</ref> or <ref href="#d28e12932">(2)(b)</ref> may not require the registrar to refrain from disclosing information under—</p></intro><level class="para1" eId="d28e13034"><num>(a)</num><content><p>sections 243 or 244 (or those sections as applied by section 790ZF) (residential address information);</p></content></level><level class="para1" eId="d28e13040"><num>(b)</num><content><p>section <ref href="#d28e7287">1087C</ref><ref href="#d28e7291">(1)</ref> (disclosure of date of birth information);</p></content></level><level class="para1"><num>(c)</num><content><p>any provision of regulations under section 1046 corresponding to provision mentioned in paragraph <ref href="#d28e13034">(a)</ref> or <ref href="#d28e13040">(b)</ref>;</p></content></level><level class="para1"><num>(d)</num><content><p>section <ref href="#d28e13362">1110F</ref> (general powers of disclosure by the registrar).</p></content></level></subsection><subsection><num>(8)</num><content><p>Regulations under subsection <ref href="#d28e12914">(1)(d)</ref> may not require the registrar to refrain from disclosing information under section <ref href="#d28e13362">1110F</ref> (general powers of disclosure by the registrar).</p></content></subsection><subsection><num>(9)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(10)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-88"><num>88</num><heading>Inspection of the register: general</heading><content><p><mod>In section 1085 of the Companies Act 2006 (inspection of the register), for subsection (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><content><p>This section has effect subject to—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>sections 64<ref href="#d28e1636">(6A)</ref>, 67<ref href="#d28e1649">(1A)</ref>, 73<ref href="#d28e1662">(7)</ref>, 75<ref href="#d28e1675">(4A)</ref>, 76<ref href="#d28e1688">(5B)</ref>, 76A(9) and 76B(9) (which confer powers to suppress a company’s name that it has been directed or ordered to change);</p></item><item><p>section 1084<ref href="#d28e11845">(1A)</ref> (records relating to dissolved companies etc);</p></item><item><p>section 1087 (material not available for public inspection).</p></item></blockList></content></subsection></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-89"><num>89</num><heading>Copies of material on the register</heading><subsection eId="section-89-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-89-2"><num>(2)</num><intro><p>In section 1086 (right to copy of material on the register)—</p></intro><level class="para1" eId="section-89-2-a"><num>(a)</num><content><p><mod>in subsection (1), at the end insert <quotedText>“that is available for public inspection”</quotedText>;</mod></p></content></level><level class="para1" eId="section-89-2-b"><num>(b)</num><content><p>omit subsection (3).</p></content></level></subsection><subsection eId="section-89-3"><num>(3)</num><content><p>In section 1089 (form of application for inspection or copy), omit subsection (2).</p></content></subsection><subsection eId="section-89-4"><num>(4)</num><content><p><mod>For section 1090 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>1090</num><heading>Form and manner in which copies to be provided</heading><content><p>The registrar may determine the form and manner in which copies are to be provided under section 1086.</p></content></section></quotedStructure></mod></p></content></subsection><subsection eId="section-89-5"><num>(5)</num><intro><p>In section 1091 (certification of copies as accurate)—</p></intro><level class="para1" eId="section-89-5-a"><num>(a)</num><content><p><mod>for subsections (1) and (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><content><p>A copy provided under section 1086 must be certified by the registrar as a true copy if the applicant expressly requests such certification.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-89-5-b"><num>(b)</num><content><p>in subsection (5), omit “Except in the case of an enhanced disclosure document (see section 1078),”.</p></content></level></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-89-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-89-2"><num>(2)</num><intro><p>In section 1086 (right to copy of material on the register)—</p></intro><level class="para1" eId="section-89-2-a"><num>(a)</num><content><p><mod>in subsection (1), at the end insert <quotedText>“that is available for public inspection”</quotedText>;</mod></p></content></level><level class="para1" eId="section-89-2-b"><num>(b)</num><content><p>omit subsection (3).</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-89-2-a"><num>(a)</num><content><p><mod>in subsection (1), at the end insert <quotedText>“that is available for public inspection”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-89-2-b"><num>(b)</num><content><p>omit subsection (3).</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-89-3"><num>(3)</num><content><p>In section 1089 (form of application for inspection or copy), omit subsection (2).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-89-4"><num>(4)</num><content><p><mod>For section 1090 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>1090</num><heading>Form and manner in which copies to be provided</heading><content><p>The registrar may determine the form and manner in which copies are to be provided under section 1086.</p></content></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-89-5"><num>(5)</num><intro><p>In section 1091 (certification of copies as accurate)—</p></intro><level class="para1" eId="section-89-5-a"><num>(a)</num><content><p><mod>for subsections (1) and (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><content><p>A copy provided under section 1086 must be certified by the registrar as a true copy if the applicant expressly requests such certification.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-89-5-b"><num>(b)</num><content><p>in subsection (5), omit “Except in the case of an enhanced disclosure document (see section 1078),”.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-89-5-a"><num>(a)</num><content><p><mod>for subsections (1) and (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><content><p>A copy provided under section 1086 must be certified by the registrar as a true copy if the applicant expressly requests such certification.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-89-5-b"><num>(b)</num><content><p>in subsection (5), omit “Except in the case of an enhanced disclosure document (see section 1078),”.</p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-90"><num>90</num><heading>Material not available for public inspection</heading><content><p><mod>In section 1087 of the Companies Act 2006 (material not available for public inspection), in subsection (1), after paragraph (j) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ja)</num><content><p>any record of the information contained in a document (or part of a document) mentioned in any of the previous paragraphs of this subsection.</p></content></level></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-91"><num>91</num><heading>Protecting information on the register</heading><subsection eId="section-91-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-91-2"><num>(2)</num><content><p>In section 790ZF (protection of information as to usual residential address of PSCs), omit subsection (3).</p></content></subsection><subsection eId="section-91-3"><num>(3)</num><intro><p>In section 1087 (material not available for public inspection)—</p></intro><level class="para1" eId="section-91-3-a"><num>(a)</num><content><p><mod>in subsection (1) for paragraph (e) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><intro><p>the following—</p></intro><level class="para2"><num>(i)</num><content><p>any application or other document delivered to the registrar under regulations under section 1088 (regulations protecting material), other than information provided by virtue of section <ref href="#d28e12883">1088</ref><ref href="#d28e12995">(5)</ref>;</p></content></level><level class="para2"><num>(ii)</num><content><p>any information which regulations under section 1088 require not to be made available for public inspection;</p></content></level></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-91-3-b"><num>(b)</num><content><p><mod>for subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e12867"><num>(2)</num><content><p>Where subsection (1), or a provision referred to in subsection (1), imposes a restriction by reference to material deriving from a particular description of document (or part of a document), that does not affect the availability for public inspection of the same information contained in material derived from another description of document (or part of a document) in relation to which no such restriction applies.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-91-4"><num>(4)</num><content><p><mod>For section 1088 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e12883"><num>1088</num><heading>Power to make regulations protecting material</heading><subsection eId="d28e12887"><num>(1)</num><intro><p>The Secretary of State may by regulations make provision requiring the registrar, on application—</p></intro><level class="para1" eId="d28e12893"><num>(a)</num><content><p>not to make available for public inspection any information on the register relating to an individual;</p></content></level><level class="para1" eId="d28e12899"><num>(b)</num><content><p>to refrain from disclosing information on the register relating to an individual except in specified circumstances;</p></content></level><level class="para1" eId="d28e12905"><num>(c)</num><content><p>not to make available for public inspection any address on the register that is not information to which paragraph <ref href="#d28e12893">(a)</ref> applies;</p></content></level><level class="para1" eId="d28e12914"><num>(d)</num><content><p>to refrain from disclosing any such address except in specified circumstances.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The Secretary of State may by regulations make provision requiring the registrar—</p></intro><level class="para1"><num>(a)</num><content><p>not to make available for public inspection any information on the register relating to an individual;</p></content></level><level class="para1" eId="d28e12932"><num>(b)</num><content><p>to refrain from disclosing information on the register relating to an individual except in specified circumstances.</p></content></level></subsection><subsection><num>(3)</num><intro><p>Regulations under subsection <ref href="#d28e12887">(1)</ref> may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application;</p></content></level><level class="para1"><num>(b)</num><content><p>the grounds on which an application may be made;</p></content></level><level class="para1"><num>(c)</num><content><p>the information to be included in and documents to accompany an application;</p></content></level><level class="para1"><num>(d)</num><content><p>the notice to be given of an application and of its outcome;</p></content></level><level class="para1" eId="d28e12971"><num>(e)</num><content><p>how an application is to be determined;</p></content></level><level class="para1" eId="d28e12977"><num>(f)</num><content><p>the duration of, and procedures for revoking, any restrictions on the making of information available for public inspection or its disclosure.</p></content></level></subsection><subsection><num>(4)</num><content><p>Provision under subsection <ref href="#d28e12971">(3)(e)</ref> or <ref href="#d28e12977">(f)</ref> may in particular provide for a question to be referred to a person other than the registrar for the purposes of determining the application or revoking the restrictions.</p></content></subsection><subsection eId="d28e12995"><num>(5)</num><content><p>Regulations under subsection <ref href="#d28e12893">(1)(a)</ref> or <ref href="#d28e12905">(c)</ref> may provide that information is not to be made unavailable for public inspection unless the person to whom it relates provides such alternative information as may be specified.</p></content></subsection><subsection><num>(6)</num><content><p>The circumstances that may be specified under subsection <ref href="#d28e12899">(1)(b)</ref> or <ref href="#d28e12914">(d)</ref> or <ref href="#d28e12932">(2)(b)</ref> by way of an exception to a restriction on disclosure include circumstances where the court has made an order, in accordance with the regulations, authorising disclosure.</p></content></subsection><subsection><num>(7)</num><intro><p>Regulations under subsection <ref href="#d28e12899">(1)(b)</ref> or <ref href="#d28e12932">(2)(b)</ref> may not require the registrar to refrain from disclosing information under—</p></intro><level class="para1" eId="d28e13034"><num>(a)</num><content><p>sections 243 or 244 (or those sections as applied by section 790ZF) (residential address information);</p></content></level><level class="para1" eId="d28e13040"><num>(b)</num><content><p>section <ref href="#d28e7287">1087C</ref><ref href="#d28e7291">(1)</ref> (disclosure of date of birth information);</p></content></level><level class="para1"><num>(c)</num><content><p>any provision of regulations under section 1046 corresponding to provision mentioned in paragraph <ref href="#d28e13034">(a)</ref> or <ref href="#d28e13040">(b)</ref>;</p></content></level><level class="para1"><num>(d)</num><content><p>section <ref href="#d28e13362">1110F</ref> (general powers of disclosure by the registrar).</p></content></level></subsection><subsection><num>(8)</num><content><p>Regulations under subsection <ref href="#d28e12914">(1)(d)</ref> may not require the registrar to refrain from disclosing information under section <ref href="#d28e13362">1110F</ref> (general powers of disclosure by the registrar).</p></content></subsection><subsection><num>(9)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(10)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-91-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-91-2"><num>(2)</num><content><p>In section 790ZF (protection of information as to usual residential address of PSCs), omit subsection (3).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-91-3"><num>(3)</num><intro><p>In section 1087 (material not available for public inspection)—</p></intro><level class="para1" eId="section-91-3-a"><num>(a)</num><content><p><mod>in subsection (1) for paragraph (e) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><intro><p>the following—</p></intro><level class="para2"><num>(i)</num><content><p>any application or other document delivered to the registrar under regulations under section 1088 (regulations protecting material), other than information provided by virtue of section <ref href="#d28e12883">1088</ref><ref href="#d28e12995">(5)</ref>;</p></content></level><level class="para2"><num>(ii)</num><content><p>any information which regulations under section 1088 require not to be made available for public inspection;</p></content></level></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-91-3-b"><num>(b)</num><content><p><mod>for subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e12867"><num>(2)</num><content><p>Where subsection (1), or a provision referred to in subsection (1), imposes a restriction by reference to material deriving from a particular description of document (or part of a document), that does not affect the availability for public inspection of the same information contained in material derived from another description of document (or part of a document) in relation to which no such restriction applies.</p></content></subsection></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-91-3-a"><num>(a)</num><content><p><mod>in subsection (1) for paragraph (e) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><intro><p>the following—</p></intro><level class="para2"><num>(i)</num><content><p>any application or other document delivered to the registrar under regulations under section 1088 (regulations protecting material), other than information provided by virtue of section <ref href="#d28e12883">1088</ref><ref href="#d28e12995">(5)</ref>;</p></content></level><level class="para2"><num>(ii)</num><content><p>any information which regulations under section 1088 require not to be made available for public inspection;</p></content></level></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-91-3-b"><num>(b)</num><content><p><mod>for subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e12867"><num>(2)</num><content><p>Where subsection (1), or a provision referred to in subsection (1), imposes a restriction by reference to material deriving from a particular description of document (or part of a document), that does not affect the availability for public inspection of the same information contained in material derived from another description of document (or part of a document) in relation to which no such restriction applies.</p></content></subsection></quotedStructure></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-91-4"><num>(4)</num><content><p><mod>For section 1088 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e12883"><num>1088</num><heading>Power to make regulations protecting material</heading><subsection eId="d28e12887"><num>(1)</num><intro><p>The Secretary of State may by regulations make provision requiring the registrar, on application—</p></intro><level class="para1" eId="d28e12893"><num>(a)</num><content><p>not to make available for public inspection any information on the register relating to an individual;</p></content></level><level class="para1" eId="d28e12899"><num>(b)</num><content><p>to refrain from disclosing information on the register relating to an individual except in specified circumstances;</p></content></level><level class="para1" eId="d28e12905"><num>(c)</num><content><p>not to make available for public inspection any address on the register that is not information to which paragraph <ref href="#d28e12893">(a)</ref> applies;</p></content></level><level class="para1" eId="d28e12914"><num>(d)</num><content><p>to refrain from disclosing any such address except in specified circumstances.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The Secretary of State may by regulations make provision requiring the registrar—</p></intro><level class="para1"><num>(a)</num><content><p>not to make available for public inspection any information on the register relating to an individual;</p></content></level><level class="para1" eId="d28e12932"><num>(b)</num><content><p>to refrain from disclosing information on the register relating to an individual except in specified circumstances.</p></content></level></subsection><subsection><num>(3)</num><intro><p>Regulations under subsection <ref href="#d28e12887">(1)</ref> may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application;</p></content></level><level class="para1"><num>(b)</num><content><p>the grounds on which an application may be made;</p></content></level><level class="para1"><num>(c)</num><content><p>the information to be included in and documents to accompany an application;</p></content></level><level class="para1"><num>(d)</num><content><p>the notice to be given of an application and of its outcome;</p></content></level><level class="para1" eId="d28e12971"><num>(e)</num><content><p>how an application is to be determined;</p></content></level><level class="para1" eId="d28e12977"><num>(f)</num><content><p>the duration of, and procedures for revoking, any restrictions on the making of information available for public inspection or its disclosure.</p></content></level></subsection><subsection><num>(4)</num><content><p>Provision under subsection <ref href="#d28e12971">(3)(e)</ref> or <ref href="#d28e12977">(f)</ref> may in particular provide for a question to be referred to a person other than the registrar for the purposes of determining the application or revoking the restrictions.</p></content></subsection><subsection eId="d28e12995"><num>(5)</num><content><p>Regulations under subsection <ref href="#d28e12893">(1)(a)</ref> or <ref href="#d28e12905">(c)</ref> may provide that information is not to be made unavailable for public inspection unless the person to whom it relates provides such alternative information as may be specified.</p></content></subsection><subsection><num>(6)</num><content><p>The circumstances that may be specified under subsection <ref href="#d28e12899">(1)(b)</ref> or <ref href="#d28e12914">(d)</ref> or <ref href="#d28e12932">(2)(b)</ref> by way of an exception to a restriction on disclosure include circumstances where the court has made an order, in accordance with the regulations, authorising disclosure.</p></content></subsection><subsection><num>(7)</num><intro><p>Regulations under subsection <ref href="#d28e12899">(1)(b)</ref> or <ref href="#d28e12932">(2)(b)</ref> may not require the registrar to refrain from disclosing information under—</p></intro><level class="para1" eId="d28e13034"><num>(a)</num><content><p>sections 243 or 244 (or those sections as applied by section 790ZF) (residential address information);</p></content></level><level class="para1" eId="d28e13040"><num>(b)</num><content><p>section <ref href="#d28e7287">1087C</ref><ref href="#d28e7291">(1)</ref> (disclosure of date of birth information);</p></content></level><level class="para1"><num>(c)</num><content><p>any provision of regulations under section 1046 corresponding to provision mentioned in paragraph <ref href="#d28e13034">(a)</ref> or <ref href="#d28e13040">(b)</ref>;</p></content></level><level class="para1"><num>(d)</num><content><p>section <ref href="#d28e13362">1110F</ref> (general powers of disclosure by the registrar).</p></content></level></subsection><subsection><num>(8)</num><content><p>Regulations under subsection <ref href="#d28e12914">(1)(d)</ref> may not require the registrar to refrain from disclosing information under section <ref href="#d28e13362">1110F</ref> (general powers of disclosure by the registrar).</p></content></subsection><subsection><num>(9)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(10)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-registrars-functions-and-fees"><heading>Registrar's functions and fees</heading><section eId="section-92"><num>92</num><heading>Analysis of information for the purposes of crime prevention or detection</heading><content><p><mod>After section 1062 of the Companies Act 2006 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>1062A</num><heading>Analysis of information for the purposes of crime prevention or detection</heading><subsection><num>(1)</num><content><p>The registrar must carry out such analysis of information within the registrar’s possession as the registrar considers appropriate for the purposes of preventing or detecting crime.</p></content></subsection><subsection><num>(2)</num><content><p>See also section <ref href="#d28e13362">1110F</ref> (which, among other things, allows the registrar to disclose information to other public authorities).</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-93"><num>93</num><heading>Fees: costs that may be taken into account</heading><subsection eId="section-93-1"><num>(1)</num><content><p>Section 1063 of the Companies Act 2006 (fees) is amended as follows.</p></content></subsection><subsection eId="section-93-2"><num>(2)</num><content><p><mod>After subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><intro><p>In deciding what provision to make under subsection (3)(a), the Secretary of State may take into account any costs incurred or likely to be incurred by any person for the purposes of the carrying out of—</p></intro><level class="para1" eId="d28e13161"><num>(a)</num><content><p>any function of the Secretary of State under or in connection with—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>the Limited Partnerships Act 1907;</p></item><item><p>Part 14 of the Companies Act 1985;</p></item><item><p>the Company Directors Disqualification Act 1986;</p></item><item><p>the Limited Liability Partnerships Act 2000;</p></item><item><p>Part 1 of the Economic Crime (Transparency and Enforcement) Act 2022;</p></item><item><p>this Act;</p></item></blockList></content></level><level class="para1"><num>(b)</num><content><p>any function of a Northern Ireland department under or in connection with the Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00011" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4)</ref>);</p></content></level><level class="para1"><num>(c)</num><content><p>any function of the Secretary of State under or in connection with regulations under section 1 of the Sanctions and Anti-Money Laundering Act 2018 that make provision in connection with licences of the kind mentioned in section 15(3A) of that Act;</p></content></level><level class="para1" eId="d28e13207"><num>(d)</num><content><p>any function of the Secretary of State under or in connection with the Insolvency Act 1986, so far as relating to bodies corporate or other firms;</p></content></level><level class="para1"><num>(e)</num><content><p>any function of a Northern Ireland department under or in connection with the Insolvency (Northern Ireland) Order 1989 (<ref eId="c00012" href="http://www.legislation.gov.uk/id/nisi/1989/2405">S.I. 1989/2405 (N.I. 19)</ref>), so far as relating to bodies corporate or other firms;</p></content></level><level class="para1" eId="d28e13222"><num>(f)</num><content><p>any function carried out by the Insolvency Service on behalf of the Secretary of State in connection with the detection, investigation or prosecution of offences, or the recovery of the proceeds of crime, so far as relating to bodies corporate or other firms;</p></content></level><level class="para1" eId="d28e13228"><num>(g)</num><content><p>any function carried out by the Insolvency Service in Northern Ireland on behalf of a Northern Ireland department in connection with the detection, investigation or prosecution of offences, or the recovery of the proceeds of crime, so far as relating to bodies corporate or other firms.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-93-3"><num>(3)</num><content><p><mod>In subsection (4), for “this section” substitute <quotedText>“subsection (1)”</quotedText>.</mod></p></content></subsection><subsection eId="section-93-4"><num>(4)</num><content><p><mod>After subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e13250"><num>(6A)</num><intro><p>The Secretary of State may by regulations amend—</p></intro><level class="para1"><num>(a)</num><content><p>the reference in subsection <ref href="#d28e13222">(3A)(f)</ref> to functions carried out by the Insolvency Service on behalf of the Secretary of State, so long as the functions referred to are functions of the Secretary of State that are of a similar nature;</p></content></level><level class="para1"><num>(b)</num><content><p>the reference in subsection <ref href="#d28e13228">(3A)(g)</ref> to functions carried out by the Insolvency Service in Northern Ireland on behalf of a Northern Ireland department, so long as the functions referred to are functions of a Northern Ireland department that are of a similar nature.</p></content></level></subsection><subsection><num>(6B)</num><content><p>Regulations under subsection <ref href="#d28e13250">(6A)</ref> are subject to affirmative resolution procedure.</p></content></subsection></quotedStructure></mod></p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-92"><num>92</num><heading>Analysis of information for the purposes of crime prevention or detection</heading><content><p><mod>After section 1062 of the Companies Act 2006 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>1062A</num><heading>Analysis of information for the purposes of crime prevention or detection</heading><subsection><num>(1)</num><content><p>The registrar must carry out such analysis of information within the registrar’s possession as the registrar considers appropriate for the purposes of preventing or detecting crime.</p></content></subsection><subsection><num>(2)</num><content><p>See also section <ref href="#d28e13362">1110F</ref> (which, among other things, allows the registrar to disclose information to other public authorities).</p></content></subsection></section></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-93"><num>93</num><heading>Fees: costs that may be taken into account</heading><subsection eId="section-93-1"><num>(1)</num><content><p>Section 1063 of the Companies Act 2006 (fees) is amended as follows.</p></content></subsection><subsection eId="section-93-2"><num>(2)</num><content><p><mod>After subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><intro><p>In deciding what provision to make under subsection (3)(a), the Secretary of State may take into account any costs incurred or likely to be incurred by any person for the purposes of the carrying out of—</p></intro><level class="para1" eId="d28e13161"><num>(a)</num><content><p>any function of the Secretary of State under or in connection with—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>the Limited Partnerships Act 1907;</p></item><item><p>Part 14 of the Companies Act 1985;</p></item><item><p>the Company Directors Disqualification Act 1986;</p></item><item><p>the Limited Liability Partnerships Act 2000;</p></item><item><p>Part 1 of the Economic Crime (Transparency and Enforcement) Act 2022;</p></item><item><p>this Act;</p></item></blockList></content></level><level class="para1"><num>(b)</num><content><p>any function of a Northern Ireland department under or in connection with the Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00011" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4)</ref>);</p></content></level><level class="para1"><num>(c)</num><content><p>any function of the Secretary of State under or in connection with regulations under section 1 of the Sanctions and Anti-Money Laundering Act 2018 that make provision in connection with licences of the kind mentioned in section 15(3A) of that Act;</p></content></level><level class="para1" eId="d28e13207"><num>(d)</num><content><p>any function of the Secretary of State under or in connection with the Insolvency Act 1986, so far as relating to bodies corporate or other firms;</p></content></level><level class="para1"><num>(e)</num><content><p>any function of a Northern Ireland department under or in connection with the Insolvency (Northern Ireland) Order 1989 (<ref eId="c00012" href="http://www.legislation.gov.uk/id/nisi/1989/2405">S.I. 1989/2405 (N.I. 19)</ref>), so far as relating to bodies corporate or other firms;</p></content></level><level class="para1" eId="d28e13222"><num>(f)</num><content><p>any function carried out by the Insolvency Service on behalf of the Secretary of State in connection with the detection, investigation or prosecution of offences, or the recovery of the proceeds of crime, so far as relating to bodies corporate or other firms;</p></content></level><level class="para1" eId="d28e13228"><num>(g)</num><content><p>any function carried out by the Insolvency Service in Northern Ireland on behalf of a Northern Ireland department in connection with the detection, investigation or prosecution of offences, or the recovery of the proceeds of crime, so far as relating to bodies corporate or other firms.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-93-3"><num>(3)</num><content><p><mod>In subsection (4), for “this section” substitute <quotedText>“subsection (1)”</quotedText>.</mod></p></content></subsection><subsection eId="section-93-4"><num>(4)</num><content><p><mod>After subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e13250"><num>(6A)</num><intro><p>The Secretary of State may by regulations amend—</p></intro><level class="para1"><num>(a)</num><content><p>the reference in subsection <ref href="#d28e13222">(3A)(f)</ref> to functions carried out by the Insolvency Service on behalf of the Secretary of State, so long as the functions referred to are functions of the Secretary of State that are of a similar nature;</p></content></level><level class="para1"><num>(b)</num><content><p>the reference in subsection <ref href="#d28e13228">(3A)(g)</ref> to functions carried out by the Insolvency Service in Northern Ireland on behalf of a Northern Ireland department, so long as the functions referred to are functions of a Northern Ireland department that are of a similar nature.</p></content></level></subsection><subsection><num>(6B)</num><content><p>Regulations under subsection <ref href="#d28e13250">(6A)</ref> are subject to affirmative resolution procedure.</p></content></subsection></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-93-1"><num>(1)</num><content><p>Section 1063 of the Companies Act 2006 (fees) is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-93-2"><num>(2)</num><content><p><mod>After subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><intro><p>In deciding what provision to make under subsection (3)(a), the Secretary of State may take into account any costs incurred or likely to be incurred by any person for the purposes of the carrying out of—</p></intro><level class="para1" eId="d28e13161"><num>(a)</num><content><p>any function of the Secretary of State under or in connection with—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>the Limited Partnerships Act 1907;</p></item><item><p>Part 14 of the Companies Act 1985;</p></item><item><p>the Company Directors Disqualification Act 1986;</p></item><item><p>the Limited Liability Partnerships Act 2000;</p></item><item><p>Part 1 of the Economic Crime (Transparency and Enforcement) Act 2022;</p></item><item><p>this Act;</p></item></blockList></content></level><level class="para1"><num>(b)</num><content><p>any function of a Northern Ireland department under or in connection with the Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00011" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4)</ref>);</p></content></level><level class="para1"><num>(c)</num><content><p>any function of the Secretary of State under or in connection with regulations under section 1 of the Sanctions and Anti-Money Laundering Act 2018 that make provision in connection with licences of the kind mentioned in section 15(3A) of that Act;</p></content></level><level class="para1" eId="d28e13207"><num>(d)</num><content><p>any function of the Secretary of State under or in connection with the Insolvency Act 1986, so far as relating to bodies corporate or other firms;</p></content></level><level class="para1"><num>(e)</num><content><p>any function of a Northern Ireland department under or in connection with the Insolvency (Northern Ireland) Order 1989 (<ref eId="c00012" href="http://www.legislation.gov.uk/id/nisi/1989/2405">S.I. 1989/2405 (N.I. 19)</ref>), so far as relating to bodies corporate or other firms;</p></content></level><level class="para1" eId="d28e13222"><num>(f)</num><content><p>any function carried out by the Insolvency Service on behalf of the Secretary of State in connection with the detection, investigation or prosecution of offences, or the recovery of the proceeds of crime, so far as relating to bodies corporate or other firms;</p></content></level><level class="para1" eId="d28e13228"><num>(g)</num><content><p>any function carried out by the Insolvency Service in Northern Ireland on behalf of a Northern Ireland department in connection with the detection, investigation or prosecution of offences, or the recovery of the proceeds of crime, so far as relating to bodies corporate or other firms.</p></content></level></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-93-3"><num>(3)</num><content><p><mod>In subsection (4), for “this section” substitute <quotedText>“subsection (1)”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-93-4"><num>(4)</num><content><p><mod>After subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e13250"><num>(6A)</num><intro><p>The Secretary of State may by regulations amend—</p></intro><level class="para1"><num>(a)</num><content><p>the reference in subsection <ref href="#d28e13222">(3A)(f)</ref> to functions carried out by the Insolvency Service on behalf of the Secretary of State, so long as the functions referred to are functions of the Secretary of State that are of a similar nature;</p></content></level><level class="para1"><num>(b)</num><content><p>the reference in subsection <ref href="#d28e13228">(3A)(g)</ref> to functions carried out by the Insolvency Service in Northern Ireland on behalf of a Northern Ireland department, so long as the functions referred to are functions of a Northern Ireland department that are of a similar nature.</p></content></level></subsection><subsection><num>(6B)</num><content><p>Regulations under subsection <ref href="#d28e13250">(6A)</ref> are subject to affirmative resolution procedure.</p></content></subsection></quotedStructure></mod></p></content></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-information-sharing-and-use"><heading>Information sharing and use</heading><section eId="section-94"><num>94</num><heading>Disclosure of information</heading><subsection eId="section-94-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-94-2"><num>(2)</num><content><p><mod>In section 243 (permitted disclosure by registrar), for subsection (6) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6)</num><content><p>Regulations under subsection (4) may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(6A)</num><content><p>Provision under subsection (5)(d) may in particular provide for a question to be referred to a person other than the registrar for the purposes of determining the application.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-94-3"><num>(3)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (2), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>sections <ref href="#d28e13353">1110E</ref> to <ref href="#d28e13411">1110G</ref> (disclosure of information),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-94-4"><num>(4)</num><content><p><mod>After section 1110D (inserted by section 87 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Disclosure of information</heading><section eId="d28e13353"><num>1110E</num><heading>Disclosure to the registrar</heading><content><p>Any person may disclose information to the registrar for the purposes of the exercise of any of the registrar’s functions.</p></content></section><section eId="d28e13362"><num>1110F</num><heading>Disclosure by the registrar</heading><subsection><num>(1)</num><intro><p>The registrar may disclose information—</p></intro><level class="para1"><num>(a)</num><content><p>to any person for purposes connected with the exercise of any of the registrar’s functions;</p></content></level><level class="para1"><num>(b)</num><content><p>to a public authority for purposes connected with the exercise of any of that public authority’s functions;</p></content></level><level class="para1" eId="d28e13384"><num>(c)</num><content><p>to a person of a description, and for a purpose, specified in regulations made by the Secretary of State for the purposes of this paragraph.</p></content></level></subsection><subsection><num>(2)</num><content><p>Regulations under subsection <ref href="#d28e13384">(1)(c)</ref> are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(3)</num><content><p>In this section “<term refersTo="#term-public-authority">public authority</term>” includes any person or body having functions of a public nature.</p></content></subsection></section><section eId="d28e13411"><num>1110G</num><heading>Disclosure: supplementary</heading><subsection><num>(1)</num><intro><p>Except as provided by subsection <ref href="#d28e13442">(2)</ref>, the disclosure of information under section <ref href="#d28e13353">1110E</ref> or <ref href="#d28e13362">1110F</ref> does not breach—</p></intro><level class="para1"><num>(a)</num><content><p>any obligation of confidence owed by the person making the disclosure, or</p></content></level><level class="para1"><num>(b)</num><content><p>any other restriction on the disclosure of information (however imposed).</p></content></level></subsection><subsection eId="d28e13442"><num>(2)</num><content><p>Sections <ref href="#d28e13353">1110E</ref> and <ref href="#d28e13362">1110F</ref> do not authorise a disclosure of information if the disclosure would contravene the data protection legislation (but in determining whether a disclosure would do so, take into account the powers conferred by those sections).</p></content></subsection><subsection eId="d28e13454"><num>(3)</num><content><p>HMRC information may not be disclosed by the registrar under section <ref href="#d28e13362">1110F</ref> without authorisation from HMRC.</p></content></subsection><subsection eId="d28e13463"><num>(4)</num><content><p>If the registrar discloses HMRC information under section <ref href="#d28e13362">1110F</ref>, the information must not be disclosed by the recipient, or by any person obtaining the information directly or indirectly from them, without authorisation from HMRC.</p></content></subsection><subsection eId="d28e13472"><num>(5)</num><intro><p>It is an offence for a person to disclose, in contravention of subsection <ref href="#d28e13454">(3)</ref> or <ref href="#d28e13463">(4)</ref>, any revenue and customs information relating to a person whose identity—</p></intro><level class="para1"><num>(a)</num><content><p>is specified in the disclosure, or</p></content></level><level class="para1"><num>(b)</num><content><p>can be deduced from it.</p></content></level></subsection><subsection><num>(6)</num><intro><p>It is a defence for a person charged with an offence under subsection <ref href="#d28e13472">(5)</ref> to prove that the person reasonably believed—</p></intro><level class="para1"><num>(a)</num><content><p>that the disclosure was lawful, or</p></content></level><level class="para1"><num>(b)</num><content><p>that the information had already lawfully been made available to the public.</p></content></level></subsection><subsection><num>(7)</num><content><p>Subsections (4) to (7) of section 19 of the Commissioners for Revenue and Customs Act 2005 apply to an offence under subsection <ref href="#d28e13472">(5)</ref> as they apply to an offence under that section.</p></content></subsection><subsection><num>(8)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-data-protection-legislation">the data protection legislation</term>” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-hmrc">HMRC</term>” means the Commissioners for His Majesty’s Revenue and Customs;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-hmrc-information">HMRC information</term>” means information disclosed to the registrar under section <ref href="#d28e13353">1110E</ref> by HMRC or a person acting on behalf of HMRC;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-revenue-and-customs-information-relating-to-a-person">revenue and customs information relating to a person</term>” has the meaning given by section 19(2) of the Commissioners for Revenue and Customs Act 2005.</p></content></hcontainer></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-94-5"><num>(5)</num><content><p><mod>In section 1114 (application of provisions about documents and delivery), in subsection (1)(b), at the end insert <quotedText>“(but do not include the provision of any information by virtue of section <ref href="#d28e13353">1110E</ref> or any other enactment authorising the disclosure of information to the registrar)”</quotedText>.</mod></p></content></subsection><subsection eId="section-94-6"><num>(6)</num><content><p>Schedule 3 contains consequential amendments.</p></content></subsection></section><section eId="section-95"><num>95</num><heading>Use or disclosure of directors’ address information by companies</heading><content><p><mod>In section 241 of the Companies Act 2006 (protected information: restriction on use or disclosure by company), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><intro><p>If a company uses or discloses information in contravention of subsection (1), an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></quotedStructure></mod></p></content></section><section eId="section-96"><num>96</num><heading>Use or disclosure of PSC information by companies</heading><subsection eId="section-96-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-96-2"><num>(2)</num><content><p><mod>For section 790ZG substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e13655"><num>790ZG</num><heading>Power to make regulations protecting material</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>require a company to refrain from using, or refrain from disclosing, relevant PSC particulars except in circumstances specified in the regulations;</p></content></level><level class="para1" eId="d28e13671"><num>(b)</num><content><p>confer power on the registrar, on application, to make an order requiring a company to refrain from using, or refrain from disclosing, relevant PSC particulars except in circumstances specified in the regulations.</p></content></level></subsection><subsection eId="d28e13677"><num>(2)</num><content><p>“<term refersTo="#term-relevant-psc-particulars">Relevant PSC particulars</term>” means such particulars of a person with significant control over the company as may be prescribed.</p></content></subsection><subsection><num>(3)</num><intro><p>The reference in subsection <ref href="#d28e13677">(2)</ref> to a person with significant control over the company—</p></intro><level class="para1"><num>(a)</num><content><p>includes a person who used to be such a person, but</p></content></level><level class="para1"><num>(b)</num><content><p>does not include any person in relation to which this Part has effect by virtue of section 790C(12) as if the person were an individual.</p></content></level></subsection><subsection eId="d28e13707"><num>(4)</num><intro><p>Regulations under subsection <ref href="#d28e13671">(1)(b)</ref> may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application;</p></content></level><level class="para1"><num>(b)</num><content><p>the grounds on which an application may be made;</p></content></level><level class="para1"><num>(c)</num><content><p>the information to be included in and documents to accompany an application;</p></content></level><level class="para1" eId="d28e13734"><num>(d)</num><content><p>how an application is to be determined;</p></content></level><level class="para1"><num>(e)</num><content><p>the notice to be given of an application and its outcome;</p></content></level><level class="para1" eId="d28e13746"><num>(f)</num><content><p>the duration of and procedures for revoking the restrictions on use and disclosure.</p></content></level></subsection><subsection><num>(5)</num><intro><p>Provision under subsection <ref href="#d28e13707">(4)</ref> may in particular—</p></intro><level class="para1"><num>(a)</num><content><p>confer a discretion on the registrar;</p></content></level><level class="para1"><num>(b)</num><content><p>provide for a question to be referred to a person other than the registrar for the purposes of determining the application or revoking the restrictions.</p></content></level></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(7)</num><content><p>Nothing in this section or in regulations made under it affects the use or disclosure of particulars of a person in any other capacity (for example, the use or disclosure of particulars of a person in that person‘s capacity as a member or director of the company).</p></content></subsection></section><section><num>790ZH</num><heading>Offence of failing to comply with regulations under section <ref href="#d28e13655">790ZG</ref></heading><subsection><num>(1)</num><intro><p>If a company contravenes a restriction on the use or disclosure of information imposed by virtue of regulations under subsection <ref href="#d28e13655">790ZG</ref>, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(2)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-96-3"><num>(3)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), for paragraph (bc) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bc)</num><content><p>any application or other document delivered to the registrar under regulations under section <ref href="#d28e13655">790ZG</ref> (protection of PSC information);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-97"><num>97</num><heading>Use of directors’ address information by registrar</heading><subsection eId="section-97-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-97-2"><num>(2)</num><intro><p>In section 242 (protected information: restriction on use or disclosure by registrar)—</p></intro><level class="para1" eId="section-97-2-a"><num>(a)</num><content><p>in subsection (3), omit “use or” in each place it occurs;</p></content></level><level class="para1" eId="section-97-2-b"><num>(b)</num><content><p>in the heading, omit “use or”.</p></content></level></subsection><subsection eId="section-97-3"><num>(3)</num><intro><p>In section 243 (permitted use or disclosure by registrar)—</p></intro><level class="para1" eId="section-97-3-a"><num>(a)</num><content><p>omit subsection (1);</p></content></level><level class="para1" eId="section-97-3-b"><num>(b)</num><content><p>in the heading, omit “use or”.</p></content></level></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-94"><num>94</num><heading>Disclosure of information</heading><subsection eId="section-94-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-94-2"><num>(2)</num><content><p><mod>In section 243 (permitted disclosure by registrar), for subsection (6) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6)</num><content><p>Regulations under subsection (4) may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(6A)</num><content><p>Provision under subsection (5)(d) may in particular provide for a question to be referred to a person other than the registrar for the purposes of determining the application.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-94-3"><num>(3)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (2), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>sections <ref href="#d28e13353">1110E</ref> to <ref href="#d28e13411">1110G</ref> (disclosure of information),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-94-4"><num>(4)</num><content><p><mod>After section 1110D (inserted by section 87 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Disclosure of information</heading><section eId="d28e13353"><num>1110E</num><heading>Disclosure to the registrar</heading><content><p>Any person may disclose information to the registrar for the purposes of the exercise of any of the registrar’s functions.</p></content></section><section eId="d28e13362"><num>1110F</num><heading>Disclosure by the registrar</heading><subsection><num>(1)</num><intro><p>The registrar may disclose information—</p></intro><level class="para1"><num>(a)</num><content><p>to any person for purposes connected with the exercise of any of the registrar’s functions;</p></content></level><level class="para1"><num>(b)</num><content><p>to a public authority for purposes connected with the exercise of any of that public authority’s functions;</p></content></level><level class="para1" eId="d28e13384"><num>(c)</num><content><p>to a person of a description, and for a purpose, specified in regulations made by the Secretary of State for the purposes of this paragraph.</p></content></level></subsection><subsection><num>(2)</num><content><p>Regulations under subsection <ref href="#d28e13384">(1)(c)</ref> are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(3)</num><content><p>In this section “<term refersTo="#term-public-authority">public authority</term>” includes any person or body having functions of a public nature.</p></content></subsection></section><section eId="d28e13411"><num>1110G</num><heading>Disclosure: supplementary</heading><subsection><num>(1)</num><intro><p>Except as provided by subsection <ref href="#d28e13442">(2)</ref>, the disclosure of information under section <ref href="#d28e13353">1110E</ref> or <ref href="#d28e13362">1110F</ref> does not breach—</p></intro><level class="para1"><num>(a)</num><content><p>any obligation of confidence owed by the person making the disclosure, or</p></content></level><level class="para1"><num>(b)</num><content><p>any other restriction on the disclosure of information (however imposed).</p></content></level></subsection><subsection eId="d28e13442"><num>(2)</num><content><p>Sections <ref href="#d28e13353">1110E</ref> and <ref href="#d28e13362">1110F</ref> do not authorise a disclosure of information if the disclosure would contravene the data protection legislation (but in determining whether a disclosure would do so, take into account the powers conferred by those sections).</p></content></subsection><subsection eId="d28e13454"><num>(3)</num><content><p>HMRC information may not be disclosed by the registrar under section <ref href="#d28e13362">1110F</ref> without authorisation from HMRC.</p></content></subsection><subsection eId="d28e13463"><num>(4)</num><content><p>If the registrar discloses HMRC information under section <ref href="#d28e13362">1110F</ref>, the information must not be disclosed by the recipient, or by any person obtaining the information directly or indirectly from them, without authorisation from HMRC.</p></content></subsection><subsection eId="d28e13472"><num>(5)</num><intro><p>It is an offence for a person to disclose, in contravention of subsection <ref href="#d28e13454">(3)</ref> or <ref href="#d28e13463">(4)</ref>, any revenue and customs information relating to a person whose identity—</p></intro><level class="para1"><num>(a)</num><content><p>is specified in the disclosure, or</p></content></level><level class="para1"><num>(b)</num><content><p>can be deduced from it.</p></content></level></subsection><subsection><num>(6)</num><intro><p>It is a defence for a person charged with an offence under subsection <ref href="#d28e13472">(5)</ref> to prove that the person reasonably believed—</p></intro><level class="para1"><num>(a)</num><content><p>that the disclosure was lawful, or</p></content></level><level class="para1"><num>(b)</num><content><p>that the information had already lawfully been made available to the public.</p></content></level></subsection><subsection><num>(7)</num><content><p>Subsections (4) to (7) of section 19 of the Commissioners for Revenue and Customs Act 2005 apply to an offence under subsection <ref href="#d28e13472">(5)</ref> as they apply to an offence under that section.</p></content></subsection><subsection><num>(8)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-data-protection-legislation">the data protection legislation</term>” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-hmrc">HMRC</term>” means the Commissioners for His Majesty’s Revenue and Customs;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-hmrc-information">HMRC information</term>” means information disclosed to the registrar under section <ref href="#d28e13353">1110E</ref> by HMRC or a person acting on behalf of HMRC;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-revenue-and-customs-information-relating-to-a-person">revenue and customs information relating to a person</term>” has the meaning given by section 19(2) of the Commissioners for Revenue and Customs Act 2005.</p></content></hcontainer></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-94-5"><num>(5)</num><content><p><mod>In section 1114 (application of provisions about documents and delivery), in subsection (1)(b), at the end insert <quotedText>“(but do not include the provision of any information by virtue of section <ref href="#d28e13353">1110E</ref> or any other enactment authorising the disclosure of information to the registrar)”</quotedText>.</mod></p></content></subsection><subsection eId="section-94-6"><num>(6)</num><content><p>Schedule 3 contains consequential amendments.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-94-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-94-2"><num>(2)</num><content><p><mod>In section 243 (permitted disclosure by registrar), for subsection (6) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6)</num><content><p>Regulations under subsection (4) may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(6A)</num><content><p>Provision under subsection (5)(d) may in particular provide for a question to be referred to a person other than the registrar for the purposes of determining the application.</p></content></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-94-3"><num>(3)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (2), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>sections <ref href="#d28e13353">1110E</ref> to <ref href="#d28e13411">1110G</ref> (disclosure of information),</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-94-4"><num>(4)</num><content><p><mod>After section 1110D (inserted by section 87 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Disclosure of information</heading><section eId="d28e13353"><num>1110E</num><heading>Disclosure to the registrar</heading><content><p>Any person may disclose information to the registrar for the purposes of the exercise of any of the registrar’s functions.</p></content></section><section eId="d28e13362"><num>1110F</num><heading>Disclosure by the registrar</heading><subsection><num>(1)</num><intro><p>The registrar may disclose information—</p></intro><level class="para1"><num>(a)</num><content><p>to any person for purposes connected with the exercise of any of the registrar’s functions;</p></content></level><level class="para1"><num>(b)</num><content><p>to a public authority for purposes connected with the exercise of any of that public authority’s functions;</p></content></level><level class="para1" eId="d28e13384"><num>(c)</num><content><p>to a person of a description, and for a purpose, specified in regulations made by the Secretary of State for the purposes of this paragraph.</p></content></level></subsection><subsection><num>(2)</num><content><p>Regulations under subsection <ref href="#d28e13384">(1)(c)</ref> are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(3)</num><content><p>In this section “<term refersTo="#term-public-authority">public authority</term>” includes any person or body having functions of a public nature.</p></content></subsection></section><section eId="d28e13411"><num>1110G</num><heading>Disclosure: supplementary</heading><subsection><num>(1)</num><intro><p>Except as provided by subsection <ref href="#d28e13442">(2)</ref>, the disclosure of information under section <ref href="#d28e13353">1110E</ref> or <ref href="#d28e13362">1110F</ref> does not breach—</p></intro><level class="para1"><num>(a)</num><content><p>any obligation of confidence owed by the person making the disclosure, or</p></content></level><level class="para1"><num>(b)</num><content><p>any other restriction on the disclosure of information (however imposed).</p></content></level></subsection><subsection eId="d28e13442"><num>(2)</num><content><p>Sections <ref href="#d28e13353">1110E</ref> and <ref href="#d28e13362">1110F</ref> do not authorise a disclosure of information if the disclosure would contravene the data protection legislation (but in determining whether a disclosure would do so, take into account the powers conferred by those sections).</p></content></subsection><subsection eId="d28e13454"><num>(3)</num><content><p>HMRC information may not be disclosed by the registrar under section <ref href="#d28e13362">1110F</ref> without authorisation from HMRC.</p></content></subsection><subsection eId="d28e13463"><num>(4)</num><content><p>If the registrar discloses HMRC information under section <ref href="#d28e13362">1110F</ref>, the information must not be disclosed by the recipient, or by any person obtaining the information directly or indirectly from them, without authorisation from HMRC.</p></content></subsection><subsection eId="d28e13472"><num>(5)</num><intro><p>It is an offence for a person to disclose, in contravention of subsection <ref href="#d28e13454">(3)</ref> or <ref href="#d28e13463">(4)</ref>, any revenue and customs information relating to a person whose identity—</p></intro><level class="para1"><num>(a)</num><content><p>is specified in the disclosure, or</p></content></level><level class="para1"><num>(b)</num><content><p>can be deduced from it.</p></content></level></subsection><subsection><num>(6)</num><intro><p>It is a defence for a person charged with an offence under subsection <ref href="#d28e13472">(5)</ref> to prove that the person reasonably believed—</p></intro><level class="para1"><num>(a)</num><content><p>that the disclosure was lawful, or</p></content></level><level class="para1"><num>(b)</num><content><p>that the information had already lawfully been made available to the public.</p></content></level></subsection><subsection><num>(7)</num><content><p>Subsections (4) to (7) of section 19 of the Commissioners for Revenue and Customs Act 2005 apply to an offence under subsection <ref href="#d28e13472">(5)</ref> as they apply to an offence under that section.</p></content></subsection><subsection><num>(8)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-data-protection-legislation">the data protection legislation</term>” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-hmrc">HMRC</term>” means the Commissioners for His Majesty’s Revenue and Customs;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-hmrc-information">HMRC information</term>” means information disclosed to the registrar under section <ref href="#d28e13353">1110E</ref> by HMRC or a person acting on behalf of HMRC;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-revenue-and-customs-information-relating-to-a-person">revenue and customs information relating to a person</term>” has the meaning given by section 19(2) of the Commissioners for Revenue and Customs Act 2005.</p></content></hcontainer></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-94-5"><num>(5)</num><content><p><mod>In section 1114 (application of provisions about documents and delivery), in subsection (1)(b), at the end insert <quotedText>“(but do not include the provision of any information by virtue of section <ref href="#d28e13353">1110E</ref> or any other enactment authorising the disclosure of information to the registrar)”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-94-6"><num>(6)</num><content><p>Schedule 3 contains consequential amendments.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-95"><num>95</num><heading>Use or disclosure of directors’ address information by companies</heading><content><p><mod>In section 241 of the Companies Act 2006 (protected information: restriction on use or disclosure by company), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><intro><p>If a company uses or discloses information in contravention of subsection (1), an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-96"><num>96</num><heading>Use or disclosure of PSC information by companies</heading><subsection eId="section-96-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-96-2"><num>(2)</num><content><p><mod>For section 790ZG substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e13655"><num>790ZG</num><heading>Power to make regulations protecting material</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>require a company to refrain from using, or refrain from disclosing, relevant PSC particulars except in circumstances specified in the regulations;</p></content></level><level class="para1" eId="d28e13671"><num>(b)</num><content><p>confer power on the registrar, on application, to make an order requiring a company to refrain from using, or refrain from disclosing, relevant PSC particulars except in circumstances specified in the regulations.</p></content></level></subsection><subsection eId="d28e13677"><num>(2)</num><content><p>“<term refersTo="#term-relevant-psc-particulars">Relevant PSC particulars</term>” means such particulars of a person with significant control over the company as may be prescribed.</p></content></subsection><subsection><num>(3)</num><intro><p>The reference in subsection <ref href="#d28e13677">(2)</ref> to a person with significant control over the company—</p></intro><level class="para1"><num>(a)</num><content><p>includes a person who used to be such a person, but</p></content></level><level class="para1"><num>(b)</num><content><p>does not include any person in relation to which this Part has effect by virtue of section 790C(12) as if the person were an individual.</p></content></level></subsection><subsection eId="d28e13707"><num>(4)</num><intro><p>Regulations under subsection <ref href="#d28e13671">(1)(b)</ref> may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application;</p></content></level><level class="para1"><num>(b)</num><content><p>the grounds on which an application may be made;</p></content></level><level class="para1"><num>(c)</num><content><p>the information to be included in and documents to accompany an application;</p></content></level><level class="para1" eId="d28e13734"><num>(d)</num><content><p>how an application is to be determined;</p></content></level><level class="para1"><num>(e)</num><content><p>the notice to be given of an application and its outcome;</p></content></level><level class="para1" eId="d28e13746"><num>(f)</num><content><p>the duration of and procedures for revoking the restrictions on use and disclosure.</p></content></level></subsection><subsection><num>(5)</num><intro><p>Provision under subsection <ref href="#d28e13707">(4)</ref> may in particular—</p></intro><level class="para1"><num>(a)</num><content><p>confer a discretion on the registrar;</p></content></level><level class="para1"><num>(b)</num><content><p>provide for a question to be referred to a person other than the registrar for the purposes of determining the application or revoking the restrictions.</p></content></level></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(7)</num><content><p>Nothing in this section or in regulations made under it affects the use or disclosure of particulars of a person in any other capacity (for example, the use or disclosure of particulars of a person in that person‘s capacity as a member or director of the company).</p></content></subsection></section><section><num>790ZH</num><heading>Offence of failing to comply with regulations under section <ref href="#d28e13655">790ZG</ref></heading><subsection><num>(1)</num><intro><p>If a company contravenes a restriction on the use or disclosure of information imposed by virtue of regulations under subsection <ref href="#d28e13655">790ZG</ref>, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(2)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-96-3"><num>(3)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), for paragraph (bc) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bc)</num><content><p>any application or other document delivered to the registrar under regulations under section <ref href="#d28e13655">790ZG</ref> (protection of PSC information);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-96-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-96-2"><num>(2)</num><content><p><mod>For section 790ZG substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e13655"><num>790ZG</num><heading>Power to make regulations protecting material</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>require a company to refrain from using, or refrain from disclosing, relevant PSC particulars except in circumstances specified in the regulations;</p></content></level><level class="para1" eId="d28e13671"><num>(b)</num><content><p>confer power on the registrar, on application, to make an order requiring a company to refrain from using, or refrain from disclosing, relevant PSC particulars except in circumstances specified in the regulations.</p></content></level></subsection><subsection eId="d28e13677"><num>(2)</num><content><p>“<term refersTo="#term-relevant-psc-particulars">Relevant PSC particulars</term>” means such particulars of a person with significant control over the company as may be prescribed.</p></content></subsection><subsection><num>(3)</num><intro><p>The reference in subsection <ref href="#d28e13677">(2)</ref> to a person with significant control over the company—</p></intro><level class="para1"><num>(a)</num><content><p>includes a person who used to be such a person, but</p></content></level><level class="para1"><num>(b)</num><content><p>does not include any person in relation to which this Part has effect by virtue of section 790C(12) as if the person were an individual.</p></content></level></subsection><subsection eId="d28e13707"><num>(4)</num><intro><p>Regulations under subsection <ref href="#d28e13671">(1)(b)</ref> may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application;</p></content></level><level class="para1"><num>(b)</num><content><p>the grounds on which an application may be made;</p></content></level><level class="para1"><num>(c)</num><content><p>the information to be included in and documents to accompany an application;</p></content></level><level class="para1" eId="d28e13734"><num>(d)</num><content><p>how an application is to be determined;</p></content></level><level class="para1"><num>(e)</num><content><p>the notice to be given of an application and its outcome;</p></content></level><level class="para1" eId="d28e13746"><num>(f)</num><content><p>the duration of and procedures for revoking the restrictions on use and disclosure.</p></content></level></subsection><subsection><num>(5)</num><intro><p>Provision under subsection <ref href="#d28e13707">(4)</ref> may in particular—</p></intro><level class="para1"><num>(a)</num><content><p>confer a discretion on the registrar;</p></content></level><level class="para1"><num>(b)</num><content><p>provide for a question to be referred to a person other than the registrar for the purposes of determining the application or revoking the restrictions.</p></content></level></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(7)</num><content><p>Nothing in this section or in regulations made under it affects the use or disclosure of particulars of a person in any other capacity (for example, the use or disclosure of particulars of a person in that person‘s capacity as a member or director of the company).</p></content></subsection></section><section><num>790ZH</num><heading>Offence of failing to comply with regulations under section <ref href="#d28e13655">790ZG</ref></heading><subsection><num>(1)</num><intro><p>If a company contravenes a restriction on the use or disclosure of information imposed by virtue of regulations under subsection <ref href="#d28e13655">790ZG</ref>, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(2)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-96-3"><num>(3)</num><content><p><mod>In section 1087 (material not available for public inspection), in subsection (1), for paragraph (bc) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bc)</num><content><p>any application or other document delivered to the registrar under regulations under section <ref href="#d28e13655">790ZG</ref> (protection of PSC information);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-97"><num>97</num><heading>Use of directors’ address information by registrar</heading><subsection eId="section-97-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-97-2"><num>(2)</num><intro><p>In section 242 (protected information: restriction on use or disclosure by registrar)—</p></intro><level class="para1" eId="section-97-2-a"><num>(a)</num><content><p>in subsection (3), omit “use or” in each place it occurs;</p></content></level><level class="para1" eId="section-97-2-b"><num>(b)</num><content><p>in the heading, omit “use or”.</p></content></level></subsection><subsection eId="section-97-3"><num>(3)</num><intro><p>In section 243 (permitted use or disclosure by registrar)—</p></intro><level class="para1" eId="section-97-3-a"><num>(a)</num><content><p>omit subsection (1);</p></content></level><level class="para1" eId="section-97-3-b"><num>(b)</num><content><p>in the heading, omit “use or”.</p></content></level></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-97-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-97-2"><num>(2)</num><intro><p>In section 242 (protected information: restriction on use or disclosure by registrar)—</p></intro><level class="para1" eId="section-97-2-a"><num>(a)</num><content><p>in subsection (3), omit “use or” in each place it occurs;</p></content></level><level class="para1" eId="section-97-2-b"><num>(b)</num><content><p>in the heading, omit “use or”.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-97-2-a"><num>(a)</num><content><p>in subsection (3), omit “use or” in each place it occurs;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-97-2-b"><num>(b)</num><content><p>in the heading, omit “use or”.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-97-3"><num>(3)</num><intro><p>In section 243 (permitted use or disclosure by registrar)—</p></intro><level class="para1" eId="section-97-3-a"><num>(a)</num><content><p>omit subsection (1);</p></content></level><level class="para1" eId="section-97-3-b"><num>(b)</num><content><p>in the heading, omit “use or”.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-97-3-a"><num>(a)</num><content><p>omit subsection (1);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-97-3-b"><num>(b)</num><content><p>in the heading, omit “use or”.</p></content></level>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-overseas-companies"><heading>Overseas companies</heading><section eId="section-98"><num>98</num><heading>Change of addresses of officers of overseas companies by registrar</heading><content><p><mod>In section 1046 of the Companies Act 2006 (overseas companies: registration of particulars), after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e13917"><num>(6A)</num><intro><p>Where regulations under this section require an overseas company to deliver to the registrar for registration—</p></intro><level class="para1"><num>(a)</num><content><p>a service address for an officer of the company, or</p></content></level><level class="para1"><num>(b)</num><content><p>the address of the principal office of an officer of the company,</p></content></level><wrapUp><p>the regulations may make provision corresponding or similar to any provision made by section 1097B or 1097C (rectification of register relating to service addresses or principal office addresses) or to provision that may be made by regulations made under that section.</p></wrapUp></subsection></quotedStructure></mod></p></content></section><section eId="section-99"><num>99</num><heading>Overseas companies: availability of material for public inspection etc</heading><content><p><mod>In section 1046 of the Companies Act 2006 (overseas companies: registration of particulars), after subsection <ref href="#d28e13917">(6A)</ref> (inserted by section 98 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6B)</num><content><p>Regulations under this section may include provision for information delivered to the registrar under the regulations to be withheld from public inspection.</p></content></subsection><subsection><num>(6C)</num><content><p>The provision that may be made by regulations under this section includes provision conferring a discretion on the registrar.</p></content></subsection></quotedStructure></mod></p></content></section><section eId="section-100"><num>100</num><heading>Registered addresses of an overseas company</heading><subsection eId="section-100-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-100-2"><num>(2)</num><content><p><mod>After section 1048 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e13987"><num>1048A</num><heading>Registered addresses of an overseas company</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations make provision requiring an overseas company that is required to register particulars under section 1046 to deliver to the registrar for registration—</p></intro><level class="para1" eId="d28e13997"><num>(a)</num><content><p>a statement specifying an address in the United Kingdom that is an appropriate address for the company;</p></content></level><level class="para1" eId="d28e14003"><num>(b)</num><content><p>a statement specifying an appropriate email address for the company.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The regulations may include provision—</p></intro><level class="para1"><num>(a)</num><content><p>allowing an overseas company to change the address or email address for the time being registered for it under the regulations;</p></content></level><level class="para1"><num>(b)</num><content><p>requiring an overseas company to ensure that the address or email address for the time being registered for it under the regulations is an appropriate address or appropriate email address.</p></content></level></subsection><subsection><num>(3)</num><intro><p>The regulations may include—</p></intro><level class="para1"><num>(a)</num><content><p>provision for information contained in a statement specifying an appropriate email address to be withheld from public inspection;</p></content></level><level class="para1"><num>(b)</num><content><p>provision corresponding or similar to any provision made by section 1097A (rectification of register relating to a company’s registered office) or to provision that may be made by regulations made under that section.</p></content></level></subsection><subsection><num>(4)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-address">appropriate address</term>” has the meaning given by section 86(2);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-email-address">appropriate email address</term>” has the meaning given by section 88A(2).</p></content></hcontainer></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to negative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-100-3"><num>(3)</num><content><p><mod>In section 1139 (service of documents on company), for subsections (2) and (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><intro><p>A document may be served on an overseas company whose particulars are registered under section 1046—</p></intro><level class="para1"><num>(a)</num><content><p>by leaving it at, or sending it by post to, the company’s registered address, or</p></content></level><level class="para1"><num>(b)</num><content><p>by leaving it at, or sending it by post to, the registered address of any person resident in the United Kingdom who is authorised to accept service of documents on the company’s behalf.</p></content></level></subsection><subsection><num>(3)</num><intro><p>In subsection (2) “registered address”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to the overseas company, means the address for the time being registered for the company under regulations under section <ref href="#d28e13987">1048A</ref><ref href="#d28e13997">(1)(a)</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to a person other than the overseas company, means any address for the time being shown as a current address in relation to that person in the part of the register available for public inspection.</p></content></level></subsection></quotedStructure></mod></p></content></subsection></section><section eId="section-101"><num>101</num><heading>Overseas companies: identity verification of directors</heading><content><p><mod>After section <ref href="#d28e13987">1048A</ref> of the Companies Act 2006 (inserted by section 100 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>1048B</num><heading>Identity verification of directors</heading><subsection eId="d28e14141"><num>(1)</num><content><p>This section applies in relation to an overseas company that is required to register particulars under section 1046.</p></content></subsection><subsection><num>(2)</num><content><p>The Secretary of State may by regulations make provision for the purpose of ensuring that each individual who is a director of such a company is an individual whose identity is verified (see section 1110A).</p></content></subsection><subsection><num>(3)</num><intro><p>The regulations may include provision—</p></intro><level class="para1"><num>(a)</num><content><p>requiring the delivery of statements or other information to the registrar;</p></content></level><level class="para1"><num>(b)</num><content><p>for statements or other information delivered to the registrar under the regulations to be withheld from public inspection;</p></content></level><level class="para1"><num>(c)</num><content><p>applying section 167M (prohibition on director acting unless ID verified), with or without modifications;</p></content></level><level class="para1"><num>(d)</num><content><p>applying section 1110C (exemption from identity verification: national security grounds), with or without modifications.</p></content></level></subsection><subsection><num>(4)</num><content><p>Regulations under this section are subject to negative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-98"><num>98</num><heading>Change of addresses of officers of overseas companies by registrar</heading><content><p><mod>In section 1046 of the Companies Act 2006 (overseas companies: registration of particulars), after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e13917"><num>(6A)</num><intro><p>Where regulations under this section require an overseas company to deliver to the registrar for registration—</p></intro><level class="para1"><num>(a)</num><content><p>a service address for an officer of the company, or</p></content></level><level class="para1"><num>(b)</num><content><p>the address of the principal office of an officer of the company,</p></content></level><wrapUp><p>the regulations may make provision corresponding or similar to any provision made by section 1097B or 1097C (rectification of register relating to service addresses or principal office addresses) or to provision that may be made by regulations made under that section.</p></wrapUp></subsection></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-99"><num>99</num><heading>Overseas companies: availability of material for public inspection etc</heading><content><p><mod>In section 1046 of the Companies Act 2006 (overseas companies: registration of particulars), after subsection <ref href="#d28e13917">(6A)</ref> (inserted by section 98 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6B)</num><content><p>Regulations under this section may include provision for information delivered to the registrar under the regulations to be withheld from public inspection.</p></content></subsection><subsection><num>(6C)</num><content><p>The provision that may be made by regulations under this section includes provision conferring a discretion on the registrar.</p></content></subsection></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-100"><num>100</num><heading>Registered addresses of an overseas company</heading><subsection eId="section-100-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-100-2"><num>(2)</num><content><p><mod>After section 1048 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e13987"><num>1048A</num><heading>Registered addresses of an overseas company</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations make provision requiring an overseas company that is required to register particulars under section 1046 to deliver to the registrar for registration—</p></intro><level class="para1" eId="d28e13997"><num>(a)</num><content><p>a statement specifying an address in the United Kingdom that is an appropriate address for the company;</p></content></level><level class="para1" eId="d28e14003"><num>(b)</num><content><p>a statement specifying an appropriate email address for the company.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The regulations may include provision—</p></intro><level class="para1"><num>(a)</num><content><p>allowing an overseas company to change the address or email address for the time being registered for it under the regulations;</p></content></level><level class="para1"><num>(b)</num><content><p>requiring an overseas company to ensure that the address or email address for the time being registered for it under the regulations is an appropriate address or appropriate email address.</p></content></level></subsection><subsection><num>(3)</num><intro><p>The regulations may include—</p></intro><level class="para1"><num>(a)</num><content><p>provision for information contained in a statement specifying an appropriate email address to be withheld from public inspection;</p></content></level><level class="para1"><num>(b)</num><content><p>provision corresponding or similar to any provision made by section 1097A (rectification of register relating to a company’s registered office) or to provision that may be made by regulations made under that section.</p></content></level></subsection><subsection><num>(4)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-address">appropriate address</term>” has the meaning given by section 86(2);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-email-address">appropriate email address</term>” has the meaning given by section 88A(2).</p></content></hcontainer></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to negative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-100-3"><num>(3)</num><content><p><mod>In section 1139 (service of documents on company), for subsections (2) and (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><intro><p>A document may be served on an overseas company whose particulars are registered under section 1046—</p></intro><level class="para1"><num>(a)</num><content><p>by leaving it at, or sending it by post to, the company’s registered address, or</p></content></level><level class="para1"><num>(b)</num><content><p>by leaving it at, or sending it by post to, the registered address of any person resident in the United Kingdom who is authorised to accept service of documents on the company’s behalf.</p></content></level></subsection><subsection><num>(3)</num><intro><p>In subsection (2) “registered address”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to the overseas company, means the address for the time being registered for the company under regulations under section <ref href="#d28e13987">1048A</ref><ref href="#d28e13997">(1)(a)</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to a person other than the overseas company, means any address for the time being shown as a current address in relation to that person in the part of the register available for public inspection.</p></content></level></subsection></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-100-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-100-2"><num>(2)</num><content><p><mod>After section 1048 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e13987"><num>1048A</num><heading>Registered addresses of an overseas company</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations make provision requiring an overseas company that is required to register particulars under section 1046 to deliver to the registrar for registration—</p></intro><level class="para1" eId="d28e13997"><num>(a)</num><content><p>a statement specifying an address in the United Kingdom that is an appropriate address for the company;</p></content></level><level class="para1" eId="d28e14003"><num>(b)</num><content><p>a statement specifying an appropriate email address for the company.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The regulations may include provision—</p></intro><level class="para1"><num>(a)</num><content><p>allowing an overseas company to change the address or email address for the time being registered for it under the regulations;</p></content></level><level class="para1"><num>(b)</num><content><p>requiring an overseas company to ensure that the address or email address for the time being registered for it under the regulations is an appropriate address or appropriate email address.</p></content></level></subsection><subsection><num>(3)</num><intro><p>The regulations may include—</p></intro><level class="para1"><num>(a)</num><content><p>provision for information contained in a statement specifying an appropriate email address to be withheld from public inspection;</p></content></level><level class="para1"><num>(b)</num><content><p>provision corresponding or similar to any provision made by section 1097A (rectification of register relating to a company’s registered office) or to provision that may be made by regulations made under that section.</p></content></level></subsection><subsection><num>(4)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-address">appropriate address</term>” has the meaning given by section 86(2);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-email-address">appropriate email address</term>” has the meaning given by section 88A(2).</p></content></hcontainer></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to negative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-100-3"><num>(3)</num><content><p><mod>In section 1139 (service of documents on company), for subsections (2) and (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><intro><p>A document may be served on an overseas company whose particulars are registered under section 1046—</p></intro><level class="para1"><num>(a)</num><content><p>by leaving it at, or sending it by post to, the company’s registered address, or</p></content></level><level class="para1"><num>(b)</num><content><p>by leaving it at, or sending it by post to, the registered address of any person resident in the United Kingdom who is authorised to accept service of documents on the company’s behalf.</p></content></level></subsection><subsection><num>(3)</num><intro><p>In subsection (2) “registered address”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to the overseas company, means the address for the time being registered for the company under regulations under section <ref href="#d28e13987">1048A</ref><ref href="#d28e13997">(1)(a)</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to a person other than the overseas company, means any address for the time being shown as a current address in relation to that person in the part of the register available for public inspection.</p></content></level></subsection></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-101"><num>101</num><heading>Overseas companies: identity verification of directors</heading><content><p><mod>After section <ref href="#d28e13987">1048A</ref> of the Companies Act 2006 (inserted by section 100 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>1048B</num><heading>Identity verification of directors</heading><subsection eId="d28e14141"><num>(1)</num><content><p>This section applies in relation to an overseas company that is required to register particulars under section 1046.</p></content></subsection><subsection><num>(2)</num><content><p>The Secretary of State may by regulations make provision for the purpose of ensuring that each individual who is a director of such a company is an individual whose identity is verified (see section 1110A).</p></content></subsection><subsection><num>(3)</num><intro><p>The regulations may include provision—</p></intro><level class="para1"><num>(a)</num><content><p>requiring the delivery of statements or other information to the registrar;</p></content></level><level class="para1"><num>(b)</num><content><p>for statements or other information delivered to the registrar under the regulations to be withheld from public inspection;</p></content></level><level class="para1"><num>(c)</num><content><p>applying section 167M (prohibition on director acting unless ID verified), with or without modifications;</p></content></level><level class="para1"><num>(d)</num><content><p>applying section 1110C (exemption from identity verification: national security grounds), with or without modifications.</p></content></level></subsection><subsection><num>(4)</num><content><p>Regulations under this section are subject to negative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></section>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-general-offences-and-enforcement"><heading>General offences and enforcement</heading><section eId="section-102"><num>102</num><heading>General false statement offences</heading><subsection eId="section-102-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-102-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (3), for the entry relating to sections 1112 and 1113 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>sections <ref href="#d28e14235">1112</ref>, <ref href="#d28e14290">1112A</ref> and 1113 (enforcement).</p></item></blockList></quotedStructure></mod></p></content></subsection><subsection eId="section-102-3"><num>(3)</num><content><p><mod>For section 1112 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e14235"><num>1112</num><heading>False statements: basic offence</heading><subsection><num>(1)</num><intro><p>It is an offence for a person, without reasonable excuse, to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for any purpose of the Companies Acts, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for any purpose of the Companies Acts, a statement that is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a firm, every officer of the firm who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</p></content></level></subsection></section><section eId="d28e14290"><num>1112A</num><heading>False statements: aggravated offence</heading><subsection><num>(1)</num><intro><p>It is an offence for a person knowingly to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for any purpose of the Companies Acts, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for any purpose of the Companies Acts, a statement that is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a firm, every officer of the firm who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both).</p></content></level></level></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-102-4"><num>(4)</num><intro><p>In section 1126 (consents required for certain prosecutions)—</p></intro><level class="para1" eId="section-102-4-a"><num>(a)</num><content><p><mod>in subsection (1), for the entry relating to section 1112 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e14235">1112</ref> or <ref href="#d28e14290">1112A</ref> of this Act (false statement offences);</p></item></blockList></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-102-4-b"><num>(b)</num><content><p><mod>in subsections (2)(a)(iv) and (3)(a)(iv), after “1112” insert <quotedText>“or <ref href="#d28e14290">1112A</ref>”</quotedText>.</mod></p></content></level></subsection></section><section eId="section-103"><num>103</num><heading>False statement offences: national security etc defence</heading><subsection eId="section-103-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-103-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (2), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e14435">1112B</ref> (false statement offences: national security etc defence).</p></item></blockList></quotedStructure></mod></p></content></subsection><subsection eId="section-103-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e14290">1112A</ref> (inserted by section 102 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e14435"><num>1112B</num><heading>False statements offences: national security etc defence</heading><subsection><num>(1)</num><content><p>A person to whom a certificate is issued by the Secretary of State for the purposes of this section is not liable for the commission of any offence relating to the delivery to the registrar, or the making of a statement, that is misleading, false or deceptive.</p></content></subsection><subsection><num>(2)</num><intro><p>The Secretary of State may issue a certificate to a person for the purposes of this section only if satisfied that it is necessary for the person to engage in conduct amounting to such an offence—</p></intro><level class="para1"><num>(a)</num><content><p>in the interests of national security, or</p></content></level><level class="para1" eId="d28e14457"><num>(b)</num><content><p>for the purposes of preventing or detecting serious crime.</p></content></level></subsection><subsection><num>(3)</num><content><p>A certificate under this section may be revoked by the Secretary of State at any time.</p></content></subsection><subsection><num>(4)</num><intro><p>For the purposes of subsection <ref href="#d28e14457">(2)(b)</ref>—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-crime">crime</term>” means conduct which—</p></intro><level class="para2"><num>(i)</num><content><p>constitutes a criminal offence, or</p></content></level><level class="para2"><num>(ii)</num><content><p>is, or corresponds to, any conduct which, if it all took place in any one part of the United Kingdom, would constitute a criminal offence, and</p></content></level></level><level class="para1"><num>(b)</num><intro><p>crime is “serious” if—</p></intro><level class="para2"><num>(i)</num><content><p>the offence which is or would be constituted by the conduct is an offence for which the maximum sentence (in any part of the United Kingdom) is imprisonment for 3 years or more, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the conduct involves the use of violence, results in substantial financial gain or is conduct by a large number of persons in pursuit of a common purpose.</p></content></level></level></subsection></section></quotedStructure></mod></p></content></subsection></section><section eId="section-104"><num>104</num><heading>Financial penalties</heading><subsection eId="section-104-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-104-2"><num>(2)</num><content><p><mod>In the heading to Part 36 (Offences under the Companies Acts), at the end insert <quotedText>“and financial penalties”</quotedText>.</mod></p></content></subsection><subsection eId="section-104-3"><num>(3)</num><content><p><mod>After section 1132 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Financial penalties</heading><section><num>1132A</num><heading>Power to make provision for financial penalties</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision conferring power on the registrar to impose a financial penalty on a person if satisfied, beyond reasonable doubt, that the person has engaged in conduct amounting to a relevant offence under this Act.</p></content></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-relevant-offence-under-this-act">Relevant offence under this Act</term>” means any offence under this Act other than an offence under a provision contained in—</p></intro><level class="para1"><num>(a)</num><content><p>Part 12 (company secretaries);</p></content></level><level class="para1"><num>(b)</num><content><p>Part 13 (resolutions and meetings);</p></content></level><level class="para1"><num>(c)</num><content><p>Part 16 (audit).</p></content></level></subsection><subsection><num>(3)</num><intro><p>The regulations may include provision—</p></intro><level class="para1"><num>(a)</num><content><p>about the procedure to be followed in imposing penalties;</p></content></level><level class="para1" eId="d28e14603"><num>(b)</num><content><p>about the amount of penalties;</p></content></level><level class="para1"><num>(c)</num><content><p>for the imposition of interest or additional penalties for late payment;</p></content></level><level class="para1"><num>(d)</num><content><p>conferring rights of appeal against penalties;</p></content></level><level class="para1"><num>(e)</num><content><p>about the enforcement of penalties.</p></content></level></subsection><subsection><num>(4)</num><content><p>Provision made under subsection <ref href="#d28e14603">(3)(b)</ref> must ensure that the maximum financial penalty that may be imposed does not exceed £10,000.</p></content></subsection><subsection><num>(5)</num><intro><p>The regulations must provide that—</p></intro><level class="para1"><num>(a)</num><intro><p>no financial penalty may be imposed under the regulations on a person in respect of conduct amounting to an offence if—</p></intro><level class="para2"><num>(i)</num><content><p>proceedings have been brought against the person for that offence in respect of that conduct and the proceedings are ongoing, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the person has been convicted of that offence in respect of that conduct, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>no proceedings may be brought against a person in respect of conduct amounting to an offence if the person has been given a financial penalty under the regulations in respect of that conduct.</p></content></level></subsection><subsection><num>(6)</num><content><p>Amounts recovered by the registrar under the regulations are to be paid into the Consolidated Fund.</p></content></subsection><subsection><num>(7)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(8)</num><content><p>In this section “<term refersTo="#term-conduct">conduct</term>” means an act or omission.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-102"><num>102</num><heading>General false statement offences</heading><subsection eId="section-102-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-102-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (3), for the entry relating to sections 1112 and 1113 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>sections <ref href="#d28e14235">1112</ref>, <ref href="#d28e14290">1112A</ref> and 1113 (enforcement).</p></item></blockList></quotedStructure></mod></p></content></subsection><subsection eId="section-102-3"><num>(3)</num><content><p><mod>For section 1112 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e14235"><num>1112</num><heading>False statements: basic offence</heading><subsection><num>(1)</num><intro><p>It is an offence for a person, without reasonable excuse, to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for any purpose of the Companies Acts, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for any purpose of the Companies Acts, a statement that is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a firm, every officer of the firm who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</p></content></level></subsection></section><section eId="d28e14290"><num>1112A</num><heading>False statements: aggravated offence</heading><subsection><num>(1)</num><intro><p>It is an offence for a person knowingly to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for any purpose of the Companies Acts, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for any purpose of the Companies Acts, a statement that is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a firm, every officer of the firm who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both).</p></content></level></level></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-102-4"><num>(4)</num><intro><p>In section 1126 (consents required for certain prosecutions)—</p></intro><level class="para1" eId="section-102-4-a"><num>(a)</num><content><p><mod>in subsection (1), for the entry relating to section 1112 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e14235">1112</ref> or <ref href="#d28e14290">1112A</ref> of this Act (false statement offences);</p></item></blockList></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-102-4-b"><num>(b)</num><content><p><mod>in subsections (2)(a)(iv) and (3)(a)(iv), after “1112” insert <quotedText>“or <ref href="#d28e14290">1112A</ref>”</quotedText>.</mod></p></content></level></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-102-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-102-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (3), for the entry relating to sections 1112 and 1113 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>sections <ref href="#d28e14235">1112</ref>, <ref href="#d28e14290">1112A</ref> and 1113 (enforcement).</p></item></blockList></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-102-3"><num>(3)</num><content><p><mod>For section 1112 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e14235"><num>1112</num><heading>False statements: basic offence</heading><subsection><num>(1)</num><intro><p>It is an offence for a person, without reasonable excuse, to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for any purpose of the Companies Acts, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for any purpose of the Companies Acts, a statement that is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a firm, every officer of the firm who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</p></content></level></subsection></section><section eId="d28e14290"><num>1112A</num><heading>False statements: aggravated offence</heading><subsection><num>(1)</num><intro><p>It is an offence for a person knowingly to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for any purpose of the Companies Acts, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for any purpose of the Companies Acts, a statement that is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a firm, every officer of the firm who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both).</p></content></level></level></subsection></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-102-4"><num>(4)</num><intro><p>In section 1126 (consents required for certain prosecutions)—</p></intro><level class="para1" eId="section-102-4-a"><num>(a)</num><content><p><mod>in subsection (1), for the entry relating to section 1112 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e14235">1112</ref> or <ref href="#d28e14290">1112A</ref> of this Act (false statement offences);</p></item></blockList></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-102-4-b"><num>(b)</num><content><p><mod>in subsections (2)(a)(iv) and (3)(a)(iv), after “1112” insert <quotedText>“or <ref href="#d28e14290">1112A</ref>”</quotedText>.</mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-102-4-a"><num>(a)</num><content><p><mod>in subsection (1), for the entry relating to section 1112 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e14235">1112</ref> or <ref href="#d28e14290">1112A</ref> of this Act (false statement offences);</p></item></blockList></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-102-4-b"><num>(b)</num><content><p><mod>in subsections (2)(a)(iv) and (3)(a)(iv), after “1112” insert <quotedText>“or <ref href="#d28e14290">1112A</ref>”</quotedText>.</mod></p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-103"><num>103</num><heading>False statement offences: national security etc defence</heading><subsection eId="section-103-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-103-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (2), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e14435">1112B</ref> (false statement offences: national security etc defence).</p></item></blockList></quotedStructure></mod></p></content></subsection><subsection eId="section-103-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e14290">1112A</ref> (inserted by section 102 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e14435"><num>1112B</num><heading>False statements offences: national security etc defence</heading><subsection><num>(1)</num><content><p>A person to whom a certificate is issued by the Secretary of State for the purposes of this section is not liable for the commission of any offence relating to the delivery to the registrar, or the making of a statement, that is misleading, false or deceptive.</p></content></subsection><subsection><num>(2)</num><intro><p>The Secretary of State may issue a certificate to a person for the purposes of this section only if satisfied that it is necessary for the person to engage in conduct amounting to such an offence—</p></intro><level class="para1"><num>(a)</num><content><p>in the interests of national security, or</p></content></level><level class="para1" eId="d28e14457"><num>(b)</num><content><p>for the purposes of preventing or detecting serious crime.</p></content></level></subsection><subsection><num>(3)</num><content><p>A certificate under this section may be revoked by the Secretary of State at any time.</p></content></subsection><subsection><num>(4)</num><intro><p>For the purposes of subsection <ref href="#d28e14457">(2)(b)</ref>—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-crime">crime</term>” means conduct which—</p></intro><level class="para2"><num>(i)</num><content><p>constitutes a criminal offence, or</p></content></level><level class="para2"><num>(ii)</num><content><p>is, or corresponds to, any conduct which, if it all took place in any one part of the United Kingdom, would constitute a criminal offence, and</p></content></level></level><level class="para1"><num>(b)</num><intro><p>crime is “serious” if—</p></intro><level class="para2"><num>(i)</num><content><p>the offence which is or would be constituted by the conduct is an offence for which the maximum sentence (in any part of the United Kingdom) is imprisonment for 3 years or more, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the conduct involves the use of violence, results in substantial financial gain or is conduct by a large number of persons in pursuit of a common purpose.</p></content></level></level></subsection></section></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-103-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-103-2"><num>(2)</num><content><p><mod>In section 1059A (scheme of Part 35), in subsection (2), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section <ref href="#d28e14435">1112B</ref> (false statement offences: national security etc defence).</p></item></blockList></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-103-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e14290">1112A</ref> (inserted by section 102 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e14435"><num>1112B</num><heading>False statements offences: national security etc defence</heading><subsection><num>(1)</num><content><p>A person to whom a certificate is issued by the Secretary of State for the purposes of this section is not liable for the commission of any offence relating to the delivery to the registrar, or the making of a statement, that is misleading, false or deceptive.</p></content></subsection><subsection><num>(2)</num><intro><p>The Secretary of State may issue a certificate to a person for the purposes of this section only if satisfied that it is necessary for the person to engage in conduct amounting to such an offence—</p></intro><level class="para1"><num>(a)</num><content><p>in the interests of national security, or</p></content></level><level class="para1" eId="d28e14457"><num>(b)</num><content><p>for the purposes of preventing or detecting serious crime.</p></content></level></subsection><subsection><num>(3)</num><content><p>A certificate under this section may be revoked by the Secretary of State at any time.</p></content></subsection><subsection><num>(4)</num><intro><p>For the purposes of subsection <ref href="#d28e14457">(2)(b)</ref>—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-crime">crime</term>” means conduct which—</p></intro><level class="para2"><num>(i)</num><content><p>constitutes a criminal offence, or</p></content></level><level class="para2"><num>(ii)</num><content><p>is, or corresponds to, any conduct which, if it all took place in any one part of the United Kingdom, would constitute a criminal offence, and</p></content></level></level><level class="para1"><num>(b)</num><intro><p>crime is “serious” if—</p></intro><level class="para2"><num>(i)</num><content><p>the offence which is or would be constituted by the conduct is an offence for which the maximum sentence (in any part of the United Kingdom) is imprisonment for 3 years or more, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the conduct involves the use of violence, results in substantial financial gain or is conduct by a large number of persons in pursuit of a common purpose.</p></content></level></level></subsection></section></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-104"><num>104</num><heading>Financial penalties</heading><subsection eId="section-104-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-104-2"><num>(2)</num><content><p><mod>In the heading to Part 36 (Offences under the Companies Acts), at the end insert <quotedText>“and financial penalties”</quotedText>.</mod></p></content></subsection><subsection eId="section-104-3"><num>(3)</num><content><p><mod>After section 1132 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Financial penalties</heading><section><num>1132A</num><heading>Power to make provision for financial penalties</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision conferring power on the registrar to impose a financial penalty on a person if satisfied, beyond reasonable doubt, that the person has engaged in conduct amounting to a relevant offence under this Act.</p></content></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-relevant-offence-under-this-act">Relevant offence under this Act</term>” means any offence under this Act other than an offence under a provision contained in—</p></intro><level class="para1"><num>(a)</num><content><p>Part 12 (company secretaries);</p></content></level><level class="para1"><num>(b)</num><content><p>Part 13 (resolutions and meetings);</p></content></level><level class="para1"><num>(c)</num><content><p>Part 16 (audit).</p></content></level></subsection><subsection><num>(3)</num><intro><p>The regulations may include provision—</p></intro><level class="para1"><num>(a)</num><content><p>about the procedure to be followed in imposing penalties;</p></content></level><level class="para1" eId="d28e14603"><num>(b)</num><content><p>about the amount of penalties;</p></content></level><level class="para1"><num>(c)</num><content><p>for the imposition of interest or additional penalties for late payment;</p></content></level><level class="para1"><num>(d)</num><content><p>conferring rights of appeal against penalties;</p></content></level><level class="para1"><num>(e)</num><content><p>about the enforcement of penalties.</p></content></level></subsection><subsection><num>(4)</num><content><p>Provision made under subsection <ref href="#d28e14603">(3)(b)</ref> must ensure that the maximum financial penalty that may be imposed does not exceed £10,000.</p></content></subsection><subsection><num>(5)</num><intro><p>The regulations must provide that—</p></intro><level class="para1"><num>(a)</num><intro><p>no financial penalty may be imposed under the regulations on a person in respect of conduct amounting to an offence if—</p></intro><level class="para2"><num>(i)</num><content><p>proceedings have been brought against the person for that offence in respect of that conduct and the proceedings are ongoing, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the person has been convicted of that offence in respect of that conduct, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>no proceedings may be brought against a person in respect of conduct amounting to an offence if the person has been given a financial penalty under the regulations in respect of that conduct.</p></content></level></subsection><subsection><num>(6)</num><content><p>Amounts recovered by the registrar under the regulations are to be paid into the Consolidated Fund.</p></content></subsection><subsection><num>(7)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(8)</num><content><p>In this section “<term refersTo="#term-conduct">conduct</term>” means an act or omission.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-104-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-104-2"><num>(2)</num><content><p><mod>In the heading to Part 36 (Offences under the Companies Acts), at the end insert <quotedText>“and financial penalties”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-104-3"><num>(3)</num><content><p><mod>After section 1132 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Financial penalties</heading><section><num>1132A</num><heading>Power to make provision for financial penalties</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision conferring power on the registrar to impose a financial penalty on a person if satisfied, beyond reasonable doubt, that the person has engaged in conduct amounting to a relevant offence under this Act.</p></content></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-relevant-offence-under-this-act">Relevant offence under this Act</term>” means any offence under this Act other than an offence under a provision contained in—</p></intro><level class="para1"><num>(a)</num><content><p>Part 12 (company secretaries);</p></content></level><level class="para1"><num>(b)</num><content><p>Part 13 (resolutions and meetings);</p></content></level><level class="para1"><num>(c)</num><content><p>Part 16 (audit).</p></content></level></subsection><subsection><num>(3)</num><intro><p>The regulations may include provision—</p></intro><level class="para1"><num>(a)</num><content><p>about the procedure to be followed in imposing penalties;</p></content></level><level class="para1" eId="d28e14603"><num>(b)</num><content><p>about the amount of penalties;</p></content></level><level class="para1"><num>(c)</num><content><p>for the imposition of interest or additional penalties for late payment;</p></content></level><level class="para1"><num>(d)</num><content><p>conferring rights of appeal against penalties;</p></content></level><level class="para1"><num>(e)</num><content><p>about the enforcement of penalties.</p></content></level></subsection><subsection><num>(4)</num><content><p>Provision made under subsection <ref href="#d28e14603">(3)(b)</ref> must ensure that the maximum financial penalty that may be imposed does not exceed £10,000.</p></content></subsection><subsection><num>(5)</num><intro><p>The regulations must provide that—</p></intro><level class="para1"><num>(a)</num><intro><p>no financial penalty may be imposed under the regulations on a person in respect of conduct amounting to an offence if—</p></intro><level class="para2"><num>(i)</num><content><p>proceedings have been brought against the person for that offence in respect of that conduct and the proceedings are ongoing, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the person has been convicted of that offence in respect of that conduct, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>no proceedings may be brought against a person in respect of conduct amounting to an offence if the person has been given a financial penalty under the regulations in respect of that conduct.</p></content></level></subsection><subsection><num>(6)</num><content><p>Amounts recovered by the registrar under the regulations are to be paid into the Consolidated Fund.</p></content></subsection><subsection><num>(7)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(8)</num><content><p>In this section “<term refersTo="#term-conduct">conduct</term>” means an act or omission.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-rectification-of-addresses-and-service-of-documents"><heading>Rectification of addresses and service of documents</heading><section eId="section-105"><num>105</num><heading>Registered office: rectification of register</heading><subsection eId="section-105-1"><num>(1)</num><content><p>Section 1097A of the Companies Act 2006 (rectification of register relating to a company’s registered office) is amended as follows.</p></content></subsection><subsection eId="section-105-2"><num>(2)</num><content><p><mod>For subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to change the address of a company’s registered office if satisfied that it is not an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>.</p></content></subsection><subsection><num>(1A)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-105-3"><num>(3)</num><content><p>Omit subsection (2).</p></content></subsection><subsection eId="section-105-4"><num>(4)</num><intro><p>In subsection (3)—</p></intro><level class="para1" eId="section-105-4-a"><num>(a)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>the registrar requiring the company or an applicant to provide information for the purposes of determining anything under the regulations,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-105-4-b"><num>(b)</num><content><p><mod>in paragraph (c), for “and of its outcome” substitute <quotedText>“or that the registrar is considering the exercise of powers under the regulations”</quotedText>;</mod></p></content></level><level class="para1" eId="section-105-4-c"><num>(c)</num><content><p><mod>after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ca)</num><content><p>the notice to be given of any decision under the regulations,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-105-4-d"><num>(d)</num><content><p><mod>for paragraph (e) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>how the registrar is to determine whether a company’s registered office is at an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>, including in particular the evidence, or descriptions of evidence, which the registrar may without further enquiry rely on to be satisfied that an address is an appropriate address,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-105-4-e"><num>(e)</num><content><p><mod>for paragraph (f) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(f)</num><content><p>the referral by the registrar of any question for determination by the court,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-105-4-f"><num>(f)</num><content><p><mod>in paragraph (h), at the end insert <quotedText>“(which need not be an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-105-4-g"><num>(g)</num><content><p><mod>after paragraph (h) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e14836"><num>(ha)</num><content><p>the period for which a company is permitted to have the default address as its registered office,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-105-4-h"><num>(h)</num><content><p><mod>for paragraph (i) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(i)</num><content><p>when the change of address takes effect and the consequences of registration of the change (including provision similar or corresponding to section 87(2)).</p></content></level></quotedStructure></mod></p></content></level></subsection><subsection eId="section-105-5"><num>(5)</num><content><p>Omit subsection (4).</p></content></subsection><subsection eId="section-105-6"><num>(6)</num><content><p><mod>Before subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e14870"><num>(4A)</num><intro><p>Provision made by virtue of subsection (3)<ref href="#d28e14836">(ha)</ref> may in particular include—</p></intro><level class="para1"><num>(a)</num><content><p>provision creating summary offences punishable with a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale;</p></content></level><level class="para1" eId="d28e14885"><num>(b)</num><intro><p>provision—</p></intro><level class="para2"><num>(i)</num><content><p>for the registrar to strike a company’s name off the register if the company does not change the address of its registered office from the default address, and</p></content></level><level class="para2"><num>(ii)</num><content><p>for the restoration of a company to the register, in such circumstances as may be prescribed, on an application made to the registrar or in pursuance of a court order.</p></content></level></level></subsection><subsection eId="d28e14903"><num>(4B)</num><content><p>The provision that may be made by virtue of subsection <ref href="#d28e14870">(4A)</ref> includes provision applying or writing out, in either case with or without modifications, any provision made by section 1000 or Chapter 3 of Part 31.</p></content></subsection><subsection><num>(4C)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-105-7"><num>(7)</num><content><p><mod>For subsection (6) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e14925"><num>(6)</num><content><p>The regulations must confer a right on a company to appeal to the court against any decision to change the address of its registered office under the regulations.</p></content></subsection><subsection eId="d28e14931"><num>(6A)</num><content><p>If the regulations enable a person to apply for a company’s registered office to be changed, they must also confer a right on the applicant to appeal to the court against a refusal of the application.</p></content></subsection></quotedStructure></mod></p></content></subsection></section><section eId="section-106"><num>106</num><heading>Rectification of register: service addresses</heading><subsection eId="section-106-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-106-2"><num>(2)</num><content><p><mod>After section 1097A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e14962"><num>1097B</num><heading>Rectification of register: service addresses</heading><subsection eId="d28e14966"><num>(1)</num><content><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to change a registered service address of a relevant person if satisfied that the address does not meet the requirements of section 1141(1) and (2).</p></content></subsection><subsection><num>(2)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-service-address">registered service address</term>”, in relation to a relevant person, means the address for the time being shown in the register as the person’s current service address;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-relevant-person">relevant person</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a director of a company that is not an overseas company,</p></content></level><level class="para1"><num>(b)</num><content><p>a secretary or one of the joint secretaries of a company that is not an overseas company, or</p></content></level><level class="para1"><num>(c)</num><content><p>a registrable person or registrable relevant legal entity in relation to a company (within the meanings given by section 790C).</p></content></level></hcontainer></subsection><subsection><num>(3)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection><subsection><num>(4)</num><content><p>The regulations must provide for the change in the address to be effected by the registrar proceeding as if the company had given notice under section 167H, 279H or 790LD of the change.</p></content></subsection><subsection><num>(5)</num><intro><p>The regulations may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application,</p></content></level><level class="para1"><num>(b)</num><content><p>the information to be included in and documents to accompany an application,</p></content></level><level class="para1"><num>(c)</num><content><p>the registrar requiring the company or an applicant to provide information for the purposes of determining anything under the regulations,</p></content></level><level class="para1"><num>(d)</num><content><p>the notice to be given of an application or that the registrar is considering the exercise of powers under the regulations,</p></content></level><level class="para1"><num>(e)</num><content><p>the notice to be given of any decision under the regulations,</p></content></level><level class="para1"><num>(f)</num><content><p>the period in which objections to an application may be made,</p></content></level><level class="para1"><num>(g)</num><content><p>how the registrar is to determine whether a registered service address meets the requirements of section 1141(1) and (2), including in particular the evidence, or descriptions of evidence, which the registrar may without further enquiry rely on to be satisfied that the address meets those requirements,</p></content></level><level class="para1"><num>(h)</num><content><p>the referral by the registrar of any question for determination by the court,</p></content></level><level class="para1" eId="d28e15072"><num>(i)</num><content><p>the registrar requiring the company to provide an address to be registered as the relevant person’s service address,</p></content></level><level class="para1"><num>(j)</num><content><p>the nomination by the registrar of an address (a “default address”) to be registered as the relevant person’s service address (which need not meet the requirements of section 1141(1) and (2)),</p></content></level><level class="para1" eId="d28e15085"><num>(k)</num><content><p>the period for which the default address is permitted to be the relevant person’s registered service address, and</p></content></level><level class="para1"><num>(l)</num><content><p>when the change of address takes effect and the consequences of registration of the change (including provision similar or corresponding to section 1140(5)).</p></content></level></subsection><subsection eId="d28e15097"><num>(6)</num><content><p>The provision made by virtue of subsection <ref href="#d28e15085">(5)(k)</ref> may in particular include provision creating summary offences punishable with a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection><subsection eId="d28e15106"><num>(7)</num><content><p>The regulations must confer a right on the company to appeal to the court against any decision to change the relevant person’s registered service address under the regulations.</p></content></subsection><subsection eId="d28e15112"><num>(8)</num><content><p>If the regulations enable a person to apply for a registered service address to be changed, they must also confer a right on the applicant to appeal to the court against a refusal of the application.</p></content></subsection><subsection eId="d28e15118"><num>(9)</num><content><p>On an appeal, the court must direct the registrar to register such address as the relevant person’s registered service address as the court considers appropriate in all the circumstances of the case.</p></content></subsection><subsection><num>(10)</num><intro><p>The regulations may make further provision about an appeal and in particular—</p></intro><level class="para1"><num>(a)</num><content><p>provision about the time within which an appeal must be brought and the grounds on which an appeal may be brought;</p></content></level><level class="para1"><num>(b)</num><content><p>further provision about directions by virtue of subsection <ref href="#d28e15118">(9)</ref>.</p></content></level></subsection><subsection><num>(11)</num><content><p>The regulations may include such provision applying (including applying with modifications), amending or repealing an enactment contained in this Act as the Secretary of State considers necessary or expedient in consequence of any provision made by the regulations.</p></content></subsection><subsection><num>(12)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(13)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-106-3"><num>(3)</num><intro><p>In section 1087 (material not available for public inspection), in subsection (1)(ga)—</p></intro><level class="para1" eId="section-106-3-a"><num>(a)</num><content><p><mod>after “1097A” insert <quotedText>“, <ref href="#d28e14962">1097B</ref>”</quotedText>;</mod></p></content></level><level class="para1" eId="section-106-3-b"><num>(b)</num><content><p><mod>for “company registered office” substitute <quotedText>“registered office, service address”</quotedText>.</mod></p></content></level></subsection></section><section eId="section-107"><num>107</num><heading>Rectification of register: principal office addresses</heading><subsection eId="section-107-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-107-2"><num>(2)</num><content><p><mod>After section <ref href="#d28e14962">1097B</ref> (inserted by section 106) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e15219"><num>1097C</num><heading>Rectification of register: principal office addresses</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to change the address registered as the principal office of a relevant person if satisfied that the address is not in fact their principal office.</p></content></subsection><subsection><num>(2)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-address-registered-as-the-principal-office">address registered as the principal office</term>”, in relation to a relevant person, means the address for the time being shown in the register as the address of the person’s current principal office;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-relevant-person">relevant person</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a director of a company that is not an overseas company,</p></content></level><level class="para1"><num>(b)</num><content><p>a secretary or one of the joint secretaries of a company that is not an overseas company,</p></content></level><level class="para1"><num>(c)</num><content><p>a registrable relevant legal entity in relation to a company (within the meaning given by section 790C), or</p></content></level><level class="para1"><num>(d)</num><content><p>a registrable person in relation to a company (within the meaning given by section 790C) who falls within section 790C(12).</p></content></level></hcontainer></subsection><subsection><num>(3)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection><subsection><num>(4)</num><content><p>The regulations must provide for the change in the address to be effected by the registrar proceeding as if the company had given notice under section 167H, 279H or 790LD of the change.</p></content></subsection><subsection><num>(5)</num><intro><p>The regulations may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application,</p></content></level><level class="para1"><num>(b)</num><content><p>the information to be included in and documents to accompany an application,</p></content></level><level class="para1"><num>(c)</num><content><p>the registrar requiring the company or an applicant to provide information for the purposes of determining anything under the regulations,</p></content></level><level class="para1"><num>(d)</num><content><p>the notice to be given of an application or that the registrar is considering the exercise of powers under the regulations,</p></content></level><level class="para1"><num>(e)</num><content><p>the notice to be given of any decision under the regulations,</p></content></level><level class="para1"><num>(f)</num><content><p>the period in which objections to an application may be made,</p></content></level><level class="para1"><num>(g)</num><content><p>how the registrar is to determine whether an address registered as the principal office of a relevant person is in fact the person’s principal office, including in particular the evidence, or descriptions of evidence, which the registrar may without further enquiry rely on to be satisfied that the address meets those requirements,</p></content></level><level class="para1"><num>(h)</num><content><p>the referral by the registrar of any question for determination by the court,</p></content></level><level class="para1"><num>(i)</num><content><p>the registrar requiring the company to provide an address to be registered as the principal office of the relevant person,</p></content></level><level class="para1"><num>(j)</num><content><p>the nomination by the registrar of an address (a “default address”) to be registered as the principal office of the relevant person (which need not be the relevant person’s actual principal office),</p></content></level><level class="para1" eId="d28e15346"><num>(k)</num><content><p>the period for which the default address is permitted to be the address registered as the principal office of the relevant person, and</p></content></level><level class="para1"><num>(l)</num><content><p>when the change of address takes effect and the consequences of registration of the change.</p></content></level></subsection><subsection><num>(6)</num><content><p>The provision made by virtue of subsection <ref href="#d28e15346">(5)(k)</ref> may in particular include provision creating summary offences punishable with a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection><subsection><num>(7)</num><content><p>The regulations must confer a right on the company to appeal to the court against any decision to change the address registered as the principal office of the relevant person under the regulations.</p></content></subsection><subsection><num>(8)</num><content><p>If the regulations enable a person to apply for the address registered as the principal office of a relevant person to be changed, the regulations must also confer a right on the applicant to appeal to the court against a refusal of the application.</p></content></subsection><subsection eId="d28e15379"><num>(9)</num><content><p>On an appeal, the court must direct the registrar to register such address as the principal office of the relevant person as the court considers appropriate in all the circumstances of the case.</p></content></subsection><subsection><num>(10)</num><intro><p>The regulations may make further provision about an appeal and in particular—</p></intro><level class="para1"><num>(a)</num><content><p>provision about the time within which an appeal must be brought and the grounds on which an appeal may be brought;</p></content></level><level class="para1"><num>(b)</num><content><p>further provision about directions by virtue of subsection <ref href="#d28e15379">(9)</ref>.</p></content></level></subsection><subsection><num>(11)</num><content><p>The regulations may include such provision applying (including applying with modifications), amending or repealing an enactment contained in this Act as the Secretary of State considers necessary or expedient in consequence of any provision made by the regulations.</p></content></subsection><subsection><num>(12)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(13)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-107-3"><num>(3)</num><intro><p>In section 1087 (material not available for public inspection), in subsection (1)(ga)—</p></intro><level class="para1" eId="section-107-3-a"><num>(a)</num><content><p><mod>after “<ref href="#d28e14962">1097B</ref>” (inserted by section 106 of this Act) insert <quotedText>“or <ref href="#d28e15219">1097C</ref>”</quotedText>;</mod></p></content></level><level class="para1" eId="section-107-3-b"><num>(b)</num><content><p><mod>after “<term refersTo="#term-service-address" eId="term-service-address">service address</term>” (inserted by section 106 of this Act) insert <quotedText>“or principal office address”</quotedText>.</mod></p></content></level></subsection></section><section eId="section-108"><num>108</num><heading>Service of documents on people with significant control</heading><content><p><mod>In section 1140 of the Companies Act 2006 (service of documents on directors, secretaries and others), in subsection (2), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>a person who is a registrable person or a registrable relevant legal entity in relation to a company (within the meanings given by section 790C);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-105"><num>105</num><heading>Registered office: rectification of register</heading><subsection eId="section-105-1"><num>(1)</num><content><p>Section 1097A of the Companies Act 2006 (rectification of register relating to a company’s registered office) is amended as follows.</p></content></subsection><subsection eId="section-105-2"><num>(2)</num><content><p><mod>For subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to change the address of a company’s registered office if satisfied that it is not an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>.</p></content></subsection><subsection><num>(1A)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-105-3"><num>(3)</num><content><p>Omit subsection (2).</p></content></subsection><subsection eId="section-105-4"><num>(4)</num><intro><p>In subsection (3)—</p></intro><level class="para1" eId="section-105-4-a"><num>(a)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>the registrar requiring the company or an applicant to provide information for the purposes of determining anything under the regulations,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-105-4-b"><num>(b)</num><content><p><mod>in paragraph (c), for “and of its outcome” substitute <quotedText>“or that the registrar is considering the exercise of powers under the regulations”</quotedText>;</mod></p></content></level><level class="para1" eId="section-105-4-c"><num>(c)</num><content><p><mod>after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ca)</num><content><p>the notice to be given of any decision under the regulations,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-105-4-d"><num>(d)</num><content><p><mod>for paragraph (e) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>how the registrar is to determine whether a company’s registered office is at an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>, including in particular the evidence, or descriptions of evidence, which the registrar may without further enquiry rely on to be satisfied that an address is an appropriate address,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-105-4-e"><num>(e)</num><content><p><mod>for paragraph (f) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(f)</num><content><p>the referral by the registrar of any question for determination by the court,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-105-4-f"><num>(f)</num><content><p><mod>in paragraph (h), at the end insert <quotedText>“(which need not be an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-105-4-g"><num>(g)</num><content><p><mod>after paragraph (h) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e14836"><num>(ha)</num><content><p>the period for which a company is permitted to have the default address as its registered office,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-105-4-h"><num>(h)</num><content><p><mod>for paragraph (i) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(i)</num><content><p>when the change of address takes effect and the consequences of registration of the change (including provision similar or corresponding to section 87(2)).</p></content></level></quotedStructure></mod></p></content></level></subsection><subsection eId="section-105-5"><num>(5)</num><content><p>Omit subsection (4).</p></content></subsection><subsection eId="section-105-6"><num>(6)</num><content><p><mod>Before subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e14870"><num>(4A)</num><intro><p>Provision made by virtue of subsection (3)<ref href="#d28e14836">(ha)</ref> may in particular include—</p></intro><level class="para1"><num>(a)</num><content><p>provision creating summary offences punishable with a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale;</p></content></level><level class="para1" eId="d28e14885"><num>(b)</num><intro><p>provision—</p></intro><level class="para2"><num>(i)</num><content><p>for the registrar to strike a company’s name off the register if the company does not change the address of its registered office from the default address, and</p></content></level><level class="para2"><num>(ii)</num><content><p>for the restoration of a company to the register, in such circumstances as may be prescribed, on an application made to the registrar or in pursuance of a court order.</p></content></level></level></subsection><subsection eId="d28e14903"><num>(4B)</num><content><p>The provision that may be made by virtue of subsection <ref href="#d28e14870">(4A)</ref> includes provision applying or writing out, in either case with or without modifications, any provision made by section 1000 or Chapter 3 of Part 31.</p></content></subsection><subsection><num>(4C)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-105-7"><num>(7)</num><content><p><mod>For subsection (6) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e14925"><num>(6)</num><content><p>The regulations must confer a right on a company to appeal to the court against any decision to change the address of its registered office under the regulations.</p></content></subsection><subsection eId="d28e14931"><num>(6A)</num><content><p>If the regulations enable a person to apply for a company’s registered office to be changed, they must also confer a right on the applicant to appeal to the court against a refusal of the application.</p></content></subsection></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-105-1"><num>(1)</num><content><p>Section 1097A of the Companies Act 2006 (rectification of register relating to a company’s registered office) is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-105-2"><num>(2)</num><content><p><mod>For subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to change the address of a company’s registered office if satisfied that it is not an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>.</p></content></subsection><subsection><num>(1A)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-105-3"><num>(3)</num><content><p>Omit subsection (2).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-105-4"><num>(4)</num><intro><p>In subsection (3)—</p></intro><level class="para1" eId="section-105-4-a"><num>(a)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>the registrar requiring the company or an applicant to provide information for the purposes of determining anything under the regulations,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-105-4-b"><num>(b)</num><content><p><mod>in paragraph (c), for “and of its outcome” substitute <quotedText>“or that the registrar is considering the exercise of powers under the regulations”</quotedText>;</mod></p></content></level><level class="para1" eId="section-105-4-c"><num>(c)</num><content><p><mod>after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ca)</num><content><p>the notice to be given of any decision under the regulations,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-105-4-d"><num>(d)</num><content><p><mod>for paragraph (e) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>how the registrar is to determine whether a company’s registered office is at an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>, including in particular the evidence, or descriptions of evidence, which the registrar may without further enquiry rely on to be satisfied that an address is an appropriate address,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-105-4-e"><num>(e)</num><content><p><mod>for paragraph (f) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(f)</num><content><p>the referral by the registrar of any question for determination by the court,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-105-4-f"><num>(f)</num><content><p><mod>in paragraph (h), at the end insert <quotedText>“(which need not be an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-105-4-g"><num>(g)</num><content><p><mod>after paragraph (h) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e14836"><num>(ha)</num><content><p>the period for which a company is permitted to have the default address as its registered office,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-105-4-h"><num>(h)</num><content><p><mod>for paragraph (i) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(i)</num><content><p>when the change of address takes effect and the consequences of registration of the change (including provision similar or corresponding to section 87(2)).</p></content></level></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-105-4-a"><num>(a)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>the registrar requiring the company or an applicant to provide information for the purposes of determining anything under the regulations,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-105-4-b"><num>(b)</num><content><p><mod>in paragraph (c), for “and of its outcome” substitute <quotedText>“or that the registrar is considering the exercise of powers under the regulations”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-105-4-c"><num>(c)</num><content><p><mod>after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ca)</num><content><p>the notice to be given of any decision under the regulations,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-105-4-d"><num>(d)</num><content><p><mod>for paragraph (e) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>how the registrar is to determine whether a company’s registered office is at an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>, including in particular the evidence, or descriptions of evidence, which the registrar may without further enquiry rely on to be satisfied that an address is an appropriate address,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-105-4-e"><num>(e)</num><content><p><mod>for paragraph (f) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(f)</num><content><p>the referral by the registrar of any question for determination by the court,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-105-4-f"><num>(f)</num><content><p><mod>in paragraph (h), at the end insert <quotedText>“(which need not be an appropriate address within the meaning given by section <ref href="#d28e2987">86</ref><ref href="#d28e2997">(2)</ref>)”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-105-4-g"><num>(g)</num><content><p><mod>after paragraph (h) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e14836"><num>(ha)</num><content><p>the period for which a company is permitted to have the default address as its registered office,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-105-4-h"><num>(h)</num><content><p><mod>for paragraph (i) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(i)</num><content><p>when the change of address takes effect and the consequences of registration of the change (including provision similar or corresponding to section 87(2)).</p></content></level></quotedStructure></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-105-5"><num>(5)</num><content><p>Omit subsection (4).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-105-6"><num>(6)</num><content><p><mod>Before subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e14870"><num>(4A)</num><intro><p>Provision made by virtue of subsection (3)<ref href="#d28e14836">(ha)</ref> may in particular include—</p></intro><level class="para1"><num>(a)</num><content><p>provision creating summary offences punishable with a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale;</p></content></level><level class="para1" eId="d28e14885"><num>(b)</num><intro><p>provision—</p></intro><level class="para2"><num>(i)</num><content><p>for the registrar to strike a company’s name off the register if the company does not change the address of its registered office from the default address, and</p></content></level><level class="para2"><num>(ii)</num><content><p>for the restoration of a company to the register, in such circumstances as may be prescribed, on an application made to the registrar or in pursuance of a court order.</p></content></level></level></subsection><subsection eId="d28e14903"><num>(4B)</num><content><p>The provision that may be made by virtue of subsection <ref href="#d28e14870">(4A)</ref> includes provision applying or writing out, in either case with or without modifications, any provision made by section 1000 or Chapter 3 of Part 31.</p></content></subsection><subsection><num>(4C)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-105-7"><num>(7)</num><content><p><mod>For subsection (6) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e14925"><num>(6)</num><content><p>The regulations must confer a right on a company to appeal to the court against any decision to change the address of its registered office under the regulations.</p></content></subsection><subsection eId="d28e14931"><num>(6A)</num><content><p>If the regulations enable a person to apply for a company’s registered office to be changed, they must also confer a right on the applicant to appeal to the court against a refusal of the application.</p></content></subsection></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-106"><num>106</num><heading>Rectification of register: service addresses</heading><subsection eId="section-106-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-106-2"><num>(2)</num><content><p><mod>After section 1097A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e14962"><num>1097B</num><heading>Rectification of register: service addresses</heading><subsection eId="d28e14966"><num>(1)</num><content><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to change a registered service address of a relevant person if satisfied that the address does not meet the requirements of section 1141(1) and (2).</p></content></subsection><subsection><num>(2)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-service-address">registered service address</term>”, in relation to a relevant person, means the address for the time being shown in the register as the person’s current service address;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-relevant-person">relevant person</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a director of a company that is not an overseas company,</p></content></level><level class="para1"><num>(b)</num><content><p>a secretary or one of the joint secretaries of a company that is not an overseas company, or</p></content></level><level class="para1"><num>(c)</num><content><p>a registrable person or registrable relevant legal entity in relation to a company (within the meanings given by section 790C).</p></content></level></hcontainer></subsection><subsection><num>(3)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection><subsection><num>(4)</num><content><p>The regulations must provide for the change in the address to be effected by the registrar proceeding as if the company had given notice under section 167H, 279H or 790LD of the change.</p></content></subsection><subsection><num>(5)</num><intro><p>The regulations may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application,</p></content></level><level class="para1"><num>(b)</num><content><p>the information to be included in and documents to accompany an application,</p></content></level><level class="para1"><num>(c)</num><content><p>the registrar requiring the company or an applicant to provide information for the purposes of determining anything under the regulations,</p></content></level><level class="para1"><num>(d)</num><content><p>the notice to be given of an application or that the registrar is considering the exercise of powers under the regulations,</p></content></level><level class="para1"><num>(e)</num><content><p>the notice to be given of any decision under the regulations,</p></content></level><level class="para1"><num>(f)</num><content><p>the period in which objections to an application may be made,</p></content></level><level class="para1"><num>(g)</num><content><p>how the registrar is to determine whether a registered service address meets the requirements of section 1141(1) and (2), including in particular the evidence, or descriptions of evidence, which the registrar may without further enquiry rely on to be satisfied that the address meets those requirements,</p></content></level><level class="para1"><num>(h)</num><content><p>the referral by the registrar of any question for determination by the court,</p></content></level><level class="para1" eId="d28e15072"><num>(i)</num><content><p>the registrar requiring the company to provide an address to be registered as the relevant person’s service address,</p></content></level><level class="para1"><num>(j)</num><content><p>the nomination by the registrar of an address (a “default address”) to be registered as the relevant person’s service address (which need not meet the requirements of section 1141(1) and (2)),</p></content></level><level class="para1" eId="d28e15085"><num>(k)</num><content><p>the period for which the default address is permitted to be the relevant person’s registered service address, and</p></content></level><level class="para1"><num>(l)</num><content><p>when the change of address takes effect and the consequences of registration of the change (including provision similar or corresponding to section 1140(5)).</p></content></level></subsection><subsection eId="d28e15097"><num>(6)</num><content><p>The provision made by virtue of subsection <ref href="#d28e15085">(5)(k)</ref> may in particular include provision creating summary offences punishable with a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection><subsection eId="d28e15106"><num>(7)</num><content><p>The regulations must confer a right on the company to appeal to the court against any decision to change the relevant person’s registered service address under the regulations.</p></content></subsection><subsection eId="d28e15112"><num>(8)</num><content><p>If the regulations enable a person to apply for a registered service address to be changed, they must also confer a right on the applicant to appeal to the court against a refusal of the application.</p></content></subsection><subsection eId="d28e15118"><num>(9)</num><content><p>On an appeal, the court must direct the registrar to register such address as the relevant person’s registered service address as the court considers appropriate in all the circumstances of the case.</p></content></subsection><subsection><num>(10)</num><intro><p>The regulations may make further provision about an appeal and in particular—</p></intro><level class="para1"><num>(a)</num><content><p>provision about the time within which an appeal must be brought and the grounds on which an appeal may be brought;</p></content></level><level class="para1"><num>(b)</num><content><p>further provision about directions by virtue of subsection <ref href="#d28e15118">(9)</ref>.</p></content></level></subsection><subsection><num>(11)</num><content><p>The regulations may include such provision applying (including applying with modifications), amending or repealing an enactment contained in this Act as the Secretary of State considers necessary or expedient in consequence of any provision made by the regulations.</p></content></subsection><subsection><num>(12)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(13)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-106-3"><num>(3)</num><intro><p>In section 1087 (material not available for public inspection), in subsection (1)(ga)—</p></intro><level class="para1" eId="section-106-3-a"><num>(a)</num><content><p><mod>after “1097A” insert <quotedText>“, <ref href="#d28e14962">1097B</ref>”</quotedText>;</mod></p></content></level><level class="para1" eId="section-106-3-b"><num>(b)</num><content><p><mod>for “company registered office” substitute <quotedText>“registered office, service address”</quotedText>.</mod></p></content></level></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-106-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-106-2"><num>(2)</num><content><p><mod>After section 1097A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e14962"><num>1097B</num><heading>Rectification of register: service addresses</heading><subsection eId="d28e14966"><num>(1)</num><content><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to change a registered service address of a relevant person if satisfied that the address does not meet the requirements of section 1141(1) and (2).</p></content></subsection><subsection><num>(2)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-service-address">registered service address</term>”, in relation to a relevant person, means the address for the time being shown in the register as the person’s current service address;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-relevant-person">relevant person</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a director of a company that is not an overseas company,</p></content></level><level class="para1"><num>(b)</num><content><p>a secretary or one of the joint secretaries of a company that is not an overseas company, or</p></content></level><level class="para1"><num>(c)</num><content><p>a registrable person or registrable relevant legal entity in relation to a company (within the meanings given by section 790C).</p></content></level></hcontainer></subsection><subsection><num>(3)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection><subsection><num>(4)</num><content><p>The regulations must provide for the change in the address to be effected by the registrar proceeding as if the company had given notice under section 167H, 279H or 790LD of the change.</p></content></subsection><subsection><num>(5)</num><intro><p>The regulations may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application,</p></content></level><level class="para1"><num>(b)</num><content><p>the information to be included in and documents to accompany an application,</p></content></level><level class="para1"><num>(c)</num><content><p>the registrar requiring the company or an applicant to provide information for the purposes of determining anything under the regulations,</p></content></level><level class="para1"><num>(d)</num><content><p>the notice to be given of an application or that the registrar is considering the exercise of powers under the regulations,</p></content></level><level class="para1"><num>(e)</num><content><p>the notice to be given of any decision under the regulations,</p></content></level><level class="para1"><num>(f)</num><content><p>the period in which objections to an application may be made,</p></content></level><level class="para1"><num>(g)</num><content><p>how the registrar is to determine whether a registered service address meets the requirements of section 1141(1) and (2), including in particular the evidence, or descriptions of evidence, which the registrar may without further enquiry rely on to be satisfied that the address meets those requirements,</p></content></level><level class="para1"><num>(h)</num><content><p>the referral by the registrar of any question for determination by the court,</p></content></level><level class="para1" eId="d28e15072"><num>(i)</num><content><p>the registrar requiring the company to provide an address to be registered as the relevant person’s service address,</p></content></level><level class="para1"><num>(j)</num><content><p>the nomination by the registrar of an address (a “default address”) to be registered as the relevant person’s service address (which need not meet the requirements of section 1141(1) and (2)),</p></content></level><level class="para1" eId="d28e15085"><num>(k)</num><content><p>the period for which the default address is permitted to be the relevant person’s registered service address, and</p></content></level><level class="para1"><num>(l)</num><content><p>when the change of address takes effect and the consequences of registration of the change (including provision similar or corresponding to section 1140(5)).</p></content></level></subsection><subsection eId="d28e15097"><num>(6)</num><content><p>The provision made by virtue of subsection <ref href="#d28e15085">(5)(k)</ref> may in particular include provision creating summary offences punishable with a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection><subsection eId="d28e15106"><num>(7)</num><content><p>The regulations must confer a right on the company to appeal to the court against any decision to change the relevant person’s registered service address under the regulations.</p></content></subsection><subsection eId="d28e15112"><num>(8)</num><content><p>If the regulations enable a person to apply for a registered service address to be changed, they must also confer a right on the applicant to appeal to the court against a refusal of the application.</p></content></subsection><subsection eId="d28e15118"><num>(9)</num><content><p>On an appeal, the court must direct the registrar to register such address as the relevant person’s registered service address as the court considers appropriate in all the circumstances of the case.</p></content></subsection><subsection><num>(10)</num><intro><p>The regulations may make further provision about an appeal and in particular—</p></intro><level class="para1"><num>(a)</num><content><p>provision about the time within which an appeal must be brought and the grounds on which an appeal may be brought;</p></content></level><level class="para1"><num>(b)</num><content><p>further provision about directions by virtue of subsection <ref href="#d28e15118">(9)</ref>.</p></content></level></subsection><subsection><num>(11)</num><content><p>The regulations may include such provision applying (including applying with modifications), amending or repealing an enactment contained in this Act as the Secretary of State considers necessary or expedient in consequence of any provision made by the regulations.</p></content></subsection><subsection><num>(12)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(13)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-106-3"><num>(3)</num><intro><p>In section 1087 (material not available for public inspection), in subsection (1)(ga)—</p></intro><level class="para1" eId="section-106-3-a"><num>(a)</num><content><p><mod>after “1097A” insert <quotedText>“, <ref href="#d28e14962">1097B</ref>”</quotedText>;</mod></p></content></level><level class="para1" eId="section-106-3-b"><num>(b)</num><content><p><mod>for “company registered office” substitute <quotedText>“registered office, service address”</quotedText>.</mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-106-3-a"><num>(a)</num><content><p><mod>after “1097A” insert <quotedText>“, <ref href="#d28e14962">1097B</ref>”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-106-3-b"><num>(b)</num><content><p><mod>for “company registered office” substitute <quotedText>“registered office, service address”</quotedText>.</mod></p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-107"><num>107</num><heading>Rectification of register: principal office addresses</heading><subsection eId="section-107-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection><subsection eId="section-107-2"><num>(2)</num><content><p><mod>After section <ref href="#d28e14962">1097B</ref> (inserted by section 106) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e15219"><num>1097C</num><heading>Rectification of register: principal office addresses</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to change the address registered as the principal office of a relevant person if satisfied that the address is not in fact their principal office.</p></content></subsection><subsection><num>(2)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-address-registered-as-the-principal-office">address registered as the principal office</term>”, in relation to a relevant person, means the address for the time being shown in the register as the address of the person’s current principal office;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-relevant-person">relevant person</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a director of a company that is not an overseas company,</p></content></level><level class="para1"><num>(b)</num><content><p>a secretary or one of the joint secretaries of a company that is not an overseas company,</p></content></level><level class="para1"><num>(c)</num><content><p>a registrable relevant legal entity in relation to a company (within the meaning given by section 790C), or</p></content></level><level class="para1"><num>(d)</num><content><p>a registrable person in relation to a company (within the meaning given by section 790C) who falls within section 790C(12).</p></content></level></hcontainer></subsection><subsection><num>(3)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection><subsection><num>(4)</num><content><p>The regulations must provide for the change in the address to be effected by the registrar proceeding as if the company had given notice under section 167H, 279H or 790LD of the change.</p></content></subsection><subsection><num>(5)</num><intro><p>The regulations may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application,</p></content></level><level class="para1"><num>(b)</num><content><p>the information to be included in and documents to accompany an application,</p></content></level><level class="para1"><num>(c)</num><content><p>the registrar requiring the company or an applicant to provide information for the purposes of determining anything under the regulations,</p></content></level><level class="para1"><num>(d)</num><content><p>the notice to be given of an application or that the registrar is considering the exercise of powers under the regulations,</p></content></level><level class="para1"><num>(e)</num><content><p>the notice to be given of any decision under the regulations,</p></content></level><level class="para1"><num>(f)</num><content><p>the period in which objections to an application may be made,</p></content></level><level class="para1"><num>(g)</num><content><p>how the registrar is to determine whether an address registered as the principal office of a relevant person is in fact the person’s principal office, including in particular the evidence, or descriptions of evidence, which the registrar may without further enquiry rely on to be satisfied that the address meets those requirements,</p></content></level><level class="para1"><num>(h)</num><content><p>the referral by the registrar of any question for determination by the court,</p></content></level><level class="para1"><num>(i)</num><content><p>the registrar requiring the company to provide an address to be registered as the principal office of the relevant person,</p></content></level><level class="para1"><num>(j)</num><content><p>the nomination by the registrar of an address (a “default address”) to be registered as the principal office of the relevant person (which need not be the relevant person’s actual principal office),</p></content></level><level class="para1" eId="d28e15346"><num>(k)</num><content><p>the period for which the default address is permitted to be the address registered as the principal office of the relevant person, and</p></content></level><level class="para1"><num>(l)</num><content><p>when the change of address takes effect and the consequences of registration of the change.</p></content></level></subsection><subsection><num>(6)</num><content><p>The provision made by virtue of subsection <ref href="#d28e15346">(5)(k)</ref> may in particular include provision creating summary offences punishable with a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection><subsection><num>(7)</num><content><p>The regulations must confer a right on the company to appeal to the court against any decision to change the address registered as the principal office of the relevant person under the regulations.</p></content></subsection><subsection><num>(8)</num><content><p>If the regulations enable a person to apply for the address registered as the principal office of a relevant person to be changed, the regulations must also confer a right on the applicant to appeal to the court against a refusal of the application.</p></content></subsection><subsection eId="d28e15379"><num>(9)</num><content><p>On an appeal, the court must direct the registrar to register such address as the principal office of the relevant person as the court considers appropriate in all the circumstances of the case.</p></content></subsection><subsection><num>(10)</num><intro><p>The regulations may make further provision about an appeal and in particular—</p></intro><level class="para1"><num>(a)</num><content><p>provision about the time within which an appeal must be brought and the grounds on which an appeal may be brought;</p></content></level><level class="para1"><num>(b)</num><content><p>further provision about directions by virtue of subsection <ref href="#d28e15379">(9)</ref>.</p></content></level></subsection><subsection><num>(11)</num><content><p>The regulations may include such provision applying (including applying with modifications), amending or repealing an enactment contained in this Act as the Secretary of State considers necessary or expedient in consequence of any provision made by the regulations.</p></content></subsection><subsection><num>(12)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(13)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-107-3"><num>(3)</num><intro><p>In section 1087 (material not available for public inspection), in subsection (1)(ga)—</p></intro><level class="para1" eId="section-107-3-a"><num>(a)</num><content><p><mod>after “<ref href="#d28e14962">1097B</ref>” (inserted by section 106 of this Act) insert <quotedText>“or <ref href="#d28e15219">1097C</ref>”</quotedText>;</mod></p></content></level><level class="para1" eId="section-107-3-b"><num>(b)</num><content><p><mod>after “<term refersTo="#term-service-address" eId="term-service-address">service address</term>” (inserted by section 106 of this Act) insert <quotedText>“or principal office address”</quotedText>.</mod></p></content></level></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-107-1"><num>(1)</num><content><p>The Companies Act 2006 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-107-2"><num>(2)</num><content><p><mod>After section <ref href="#d28e14962">1097B</ref> (inserted by section 106) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e15219"><num>1097C</num><heading>Rectification of register: principal office addresses</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to change the address registered as the principal office of a relevant person if satisfied that the address is not in fact their principal office.</p></content></subsection><subsection><num>(2)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-address-registered-as-the-principal-office">address registered as the principal office</term>”, in relation to a relevant person, means the address for the time being shown in the register as the address of the person’s current principal office;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-relevant-person">relevant person</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a director of a company that is not an overseas company,</p></content></level><level class="para1"><num>(b)</num><content><p>a secretary or one of the joint secretaries of a company that is not an overseas company,</p></content></level><level class="para1"><num>(c)</num><content><p>a registrable relevant legal entity in relation to a company (within the meaning given by section 790C), or</p></content></level><level class="para1"><num>(d)</num><content><p>a registrable person in relation to a company (within the meaning given by section 790C) who falls within section 790C(12).</p></content></level></hcontainer></subsection><subsection><num>(3)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection><subsection><num>(4)</num><content><p>The regulations must provide for the change in the address to be effected by the registrar proceeding as if the company had given notice under section 167H, 279H or 790LD of the change.</p></content></subsection><subsection><num>(5)</num><intro><p>The regulations may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application,</p></content></level><level class="para1"><num>(b)</num><content><p>the information to be included in and documents to accompany an application,</p></content></level><level class="para1"><num>(c)</num><content><p>the registrar requiring the company or an applicant to provide information for the purposes of determining anything under the regulations,</p></content></level><level class="para1"><num>(d)</num><content><p>the notice to be given of an application or that the registrar is considering the exercise of powers under the regulations,</p></content></level><level class="para1"><num>(e)</num><content><p>the notice to be given of any decision under the regulations,</p></content></level><level class="para1"><num>(f)</num><content><p>the period in which objections to an application may be made,</p></content></level><level class="para1"><num>(g)</num><content><p>how the registrar is to determine whether an address registered as the principal office of a relevant person is in fact the person’s principal office, including in particular the evidence, or descriptions of evidence, which the registrar may without further enquiry rely on to be satisfied that the address meets those requirements,</p></content></level><level class="para1"><num>(h)</num><content><p>the referral by the registrar of any question for determination by the court,</p></content></level><level class="para1"><num>(i)</num><content><p>the registrar requiring the company to provide an address to be registered as the principal office of the relevant person,</p></content></level><level class="para1"><num>(j)</num><content><p>the nomination by the registrar of an address (a “default address”) to be registered as the principal office of the relevant person (which need not be the relevant person’s actual principal office),</p></content></level><level class="para1" eId="d28e15346"><num>(k)</num><content><p>the period for which the default address is permitted to be the address registered as the principal office of the relevant person, and</p></content></level><level class="para1"><num>(l)</num><content><p>when the change of address takes effect and the consequences of registration of the change.</p></content></level></subsection><subsection><num>(6)</num><content><p>The provision made by virtue of subsection <ref href="#d28e15346">(5)(k)</ref> may in particular include provision creating summary offences punishable with a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection><subsection><num>(7)</num><content><p>The regulations must confer a right on the company to appeal to the court against any decision to change the address registered as the principal office of the relevant person under the regulations.</p></content></subsection><subsection><num>(8)</num><content><p>If the regulations enable a person to apply for the address registered as the principal office of a relevant person to be changed, the regulations must also confer a right on the applicant to appeal to the court against a refusal of the application.</p></content></subsection><subsection eId="d28e15379"><num>(9)</num><content><p>On an appeal, the court must direct the registrar to register such address as the principal office of the relevant person as the court considers appropriate in all the circumstances of the case.</p></content></subsection><subsection><num>(10)</num><intro><p>The regulations may make further provision about an appeal and in particular—</p></intro><level class="para1"><num>(a)</num><content><p>provision about the time within which an appeal must be brought and the grounds on which an appeal may be brought;</p></content></level><level class="para1"><num>(b)</num><content><p>further provision about directions by virtue of subsection <ref href="#d28e15379">(9)</ref>.</p></content></level></subsection><subsection><num>(11)</num><content><p>The regulations may include such provision applying (including applying with modifications), amending or repealing an enactment contained in this Act as the Secretary of State considers necessary or expedient in consequence of any provision made by the regulations.</p></content></subsection><subsection><num>(12)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(13)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-107-3"><num>(3)</num><intro><p>In section 1087 (material not available for public inspection), in subsection (1)(ga)—</p></intro><level class="para1" eId="section-107-3-a"><num>(a)</num><content><p><mod>after “<ref href="#d28e14962">1097B</ref>” (inserted by section 106 of this Act) insert <quotedText>“or <ref href="#d28e15219">1097C</ref>”</quotedText>;</mod></p></content></level><level class="para1" eId="section-107-3-b"><num>(b)</num><content><p><mod>after “<term refersTo="#term-service-address" eId="term-service-address">service address</term>” (inserted by section 106 of this Act) insert <quotedText>“or principal office address”</quotedText>.</mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-107-3-a"><num>(a)</num><content><p><mod>after “<ref href="#d28e14962">1097B</ref>” (inserted by section 106 of this Act) insert <quotedText>“or <ref href="#d28e15219">1097C</ref>”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-107-3-b"><num>(b)</num><content><p><mod>after “<term refersTo="#term-service-address" eId="term-service-address">service address</term>” (inserted by section 106 of this Act) insert <quotedText>“or principal office address”</quotedText>.</mod></p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-108"><num>108</num><heading>Service of documents on people with significant control</heading><content><p><mod>In section 1140 of the Companies Act 2006 (service of documents on directors, secretaries and others), in subsection (2), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>a person who is a registrable person or a registrable relevant legal entity in relation to a company (within the meanings given by section 790C);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></section>
<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="part-2"><num>PART 2</num><heading>Partnerships</heading><chapter eId="part-2-chapter-1"><num>CHAPTER 1</num><heading>Limited partnerships etc.</heading><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-meaning-of-limited-partnership"><heading>Meaning of “limited partnership”</heading><section eId="section-109"><num>109</num><heading>Meaning of “limited partnership”</heading><subsection eId="section-109-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended in accordance with subsections <ref href="#section-109-2">(2)</ref> and <ref href="#section-109-3">(3)</ref>.</p></content></subsection><subsection eId="section-109-2"><num>(2)</num><content><p><mod>In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-limited-partnership">limited partnership</term>” means a firm that is registered as a limited partnership under this Act (for the only circumstances in which a firm can cease to be registered as a limited partnership under this Act while remaining a firm see section 26 (voluntary deregistration));</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-109-3"><num>(3)</num><content><p>Omit section 5 (registration of limited partnership required).</p></content></subsection><subsection eId="section-109-4"><num>(4)</num><content><p><mod>In section 1099 of the Companies Act 2006 (the registrar’s index of company names), in subsection (3)(a), for “registered in the United Kingdom” substitute <quotedText>“(within the meaning of section 3 of the Limited Partnerships Act 1907)”</quotedText>.</mod></p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-required-information-about-limited-partnerships"><heading>Required information about limited partnerships</heading><section eId="section-110"><num>110</num><heading>Required information about partners</heading><subsection eId="section-110-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-110-2"><num>(2)</num><intro><p>In section 3 (interpretation of terms)—</p></intro><level class="para1" eId="section-110-2-a"><num>(a)</num><content><p>the existing text becomes subsection (1);</p></content></level><level class="para1" eId="section-110-2-b"><num>(b)</num><content><p><mod>in that subsection, at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-body-corporate">body corporate</term>” has the same meaning as in the Companies Acts (see section 1173 of the Companies Act 2006);”;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“managing officer”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to a company, means a director or shadow director;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to a legal entity the affairs of which are managed by some or all of its members, means one of those members;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to any other legal entity, means an officer of the entity whose functions correspond to that of a director of a company;”;</p></content></level></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-legal-entity">legal entity</term>” means a body corporate or other entity that (in each case) is a legal person under the law by which it is governed;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-service-address">service address</term>” has the same meaning as in the Companies Acts (see section 1141(1) and (2) of the Companies Act 2006).</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-110-2-c"><num>(c)</num><content><p><mod>after that subsection insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e15639"><num>(2)</num><content><p>For the purposes of the definition of “managing officer” in subsection (1), “<term refersTo="#term-director">director</term>” and “<term refersTo="#term-shadow-director">shadow director</term>” have the same meanings as in the Companies Acts (see sections 250 and 251 of the Companies Act 2006).</p></content></subsection><subsection><num>(3)</num><content><p>In this section “<term refersTo="#term-the-companies-acts">the Companies Acts</term>” has the meaning given by section 2(1) of the Companies Act 2006.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-110-3"><num>(3)</num><content><p><mod>In section 4 (definition and constitution of limited partnership), in subsection (4), for “body corporate” substitute <quotedText>“legal entity”</quotedText>.</mod></p></content></subsection><subsection eId="section-110-4"><num>(4)</num><intro><p>In section 8A (application for registration)—</p></intro><level class="para1" eId="section-110-4-a"><num>(a)</num><content><p><mod>in subsection (1)(c), after “each” insert <quotedText>“proposed”</quotedText>;</mod></p></content></level><level class="para1" eId="section-110-4-b"><num>(b)</num><content><p><mod>in subsections (2)(b) and (c), for “name of each” substitute <quotedText>“required information about each proposed”</quotedText>;</mod></p></content></level><level class="para1" eId="section-110-4-c"><num>(c)</num><content><p><mod>in subsection (2)(d), after “each” insert <quotedText>“proposed”</quotedText>;</mod></p></content></level><level class="para1" eId="section-110-4-d"><num>(d)</num><content><p><mod>in subsections (3)(a) and (b), for “name of each” substitute <quotedText>“required information about each proposed”</quotedText>;</mod></p></content></level><level class="para1" eId="section-110-4-e"><num>(e)</num><content><p><mod>after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><content><p>For the required information about a proposed general partner or a proposed limited partner see Part 2 of the Schedule.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-110-5"><num>(5)</num><content><p>Schedule 4 inserts a Schedule into the Limited Partnerships Act 1907 setting out the required information about partners.</p></content></subsection></section><section eId="section-111"><num>111</num><heading>Required information about partners: transitional provision</heading><subsection eId="section-111-1"><num>(1)</num><content><p>This section applies in relation to a limited partnership that was registered under the Limited Partnerships Act 1907 in pursuance of an application for registration delivered to the registrar before section 110<ref href="#section-110-4">(4)</ref> came fully into force.</p></content></subsection><subsection eId="section-111-2"><num>(2)</num><intro><p>The general partners in the limited partnership must, within the transitional period, deliver a statement to the registrar specifying the required information (within the meaning of the Schedule to that Act (inserted by Schedule 4 to this Act)) about each person who—</p></intro><level class="para1" eId="section-111-2-a"><num>(a)</num><content><p>is a partner in the limited partnership, and</p></content></level><level class="para1" eId="section-111-2-b"><num>(b)</num><content><p>became a partner on the registration of the limited partnership.</p></content></level></subsection><subsection eId="section-111-3"><num>(3)</num><intro><p>If a change in the required information about such a partner occurs before whichever is earlier of—</p></intro><level class="para1" eId="section-111-3-a"><num>(a)</num><content><p>the end of the transitional period, and</p></content></level><level class="para1" eId="section-111-3-b"><num>(b)</num><content><p>the delivery of the statement mentioned in subsection <ref href="#section-111-2">(2)</ref>,</p></content></level><wrapUp><p>the general partners in the limited partnership are not required by the provisions mentioned in subsection <ref href="#section-111-4">(4)</ref> to give notice to the registrar of the change, unless it is a change to the partner’s name.</p></wrapUp></subsection><subsection eId="section-111-4"><num>(4)</num><intro><p>The provisions are—</p></intro><level class="para1" eId="section-111-4-a"><num>(a)</num><content><p>section 8S(1) of the Limited Partnerships Act 1907 (inserted by section 122 of this Act), and</p></content></level><level class="para1" eId="section-111-4-b"><num>(b)</num><content><p>so far as it relates to section 8S(1) of the Limited Partnerships Act 1907, section 10D(2)(a) of that Act (inserted by section 126 of this Act).</p></content></level></subsection><subsection eId="section-111-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 110<ref href="#section-110-4">(4)</ref> came fully into force.</p></content></hcontainer></subsection><subsection eId="section-111-6"><num>(6)</num><content><p>Failure by the general partners in a limited partnership to comply with subsection <ref href="#section-111-2">(2)</ref> is, in the absence of any evidence to the contrary, to be treated by the registrar as reasonable cause to believe that the limited partnership has been dissolved for the purposes of section 19 of the Limited Partnerships Act 1907 (registrar’s power to confirm dissolution of limited partnership) (inserted by section 141 of this Act).</p></content></subsection><subsection eId="section-111-7"><num>(7)</num><content><p>Where the registrar proposes to rely on a failure by the general partners in the limited partnership to comply with subsection <ref href="#section-111-2">(2)</ref> as grounds for exercising the power in section 19 of the Limited Partnerships Act 1907, subsections (2) to (4) of that section (publication of warning notice) do not apply.</p></content></subsection></section><section eId="section-112"><num>112</num><heading>Details about general nature of partnership business</heading><intro><p>In section 8A of the Limited Partnerships Act 1907 (application for registration)—</p></intro><level class="para1" eId="section-112-a"><num>(a)</num><content><p><mod>after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e15868"><num>(2A)</num><content><p>The details referred to in subsection (2)(a) about the general nature of the partnership business may be given by reference to one or more categories of any system of classifying business activities prescribed by regulations made by the Secretary of State for the purposes of this section.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-112-b"><num>(b)</num><content><p><mod>after subsection (8) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(9)</num><content><p>Regulations under subsection <ref href="#d28e15868">(2A)</ref> are subject to the negative resolution procedure.</p></content></subsection></quotedStructure></mod></p></content></level></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-registered-offices"><heading>Registered offices</heading><section eId="section-113"><num>113</num><heading>A limited partnership’s registered office</heading><subsection eId="section-113-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-113-2"><num>(2)</num><intro><p>In section 3 (interpretation of terms)—</p></intro><level class="para1" eId="section-113-2-a"><num>(a)</num><content><p><mod>in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-authorised-corporate-service-provider">authorised corporate service provider</term>” has the same meaning as in the Companies Act 2006 (see section 1098A of that Act);</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-113-2-b"><num>(b)</num><content><p><mod>after subsection (3) (inserted by section 110 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><content><p>Section 1125 of the Companies Act 2006 (meaning of “<term refersTo="#term-daily-default-fine">daily default fine</term>”) applies for the purpose of any provision made by this Act as it applies for the purposes of provisions of the Companies Acts.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-113-3"><num>(3)</num><intro><p>In section 8A (application for registration)—</p></intro><level class="para1" eId="section-113-3-a"><num>(a)</num><content><p><mod>in subsection (1), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>specify the intended address of the limited partnership’s registered office, which must be an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref>,</p></content></level><level class="para1" eId="d28e15972"><num>(ab)</num><content><p>specify which of the addresses mentioned in section <ref href="#d28e16018">8E</ref><ref href="#d28e16058">(2)(c)</ref> the intended address is,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-113-3-b"><num>(b)</num><content><p><mod>after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e15992"><num>(1A)</num><content><p>An application for registration of a limited partnership which specifies that the intended address of its registered office is an address mentioned in section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref><ref href="#d28e16082">(c)(iv)</ref> must be accompanied by a statement by the authorised corporate service provider confirming that the address is the authorised corporate service provider’s address.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-113-4"><num>(4)</num><content><p><mod>After section 8D insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>A limited partnership’s registered office</heading><section eId="d28e16018"><num>8E</num><heading>Duty to ensure registered office at appropriate address</heading><subsection eId="d28e16022"><num>(1)</num><content><p>The general partners in a limited partnership must ensure that its registered office is at all times at an appropriate address.</p></content></subsection><subsection eId="d28e16028"><num>(2)</num><intro><p>An address is an “appropriate address” if—</p></intro><level class="para1"><num>(a)</num><intro><p>in the ordinary course of events—</p></intro><level class="para2"><num>(i)</num><content><p>a document addressed to the limited partnership, and delivered there by hand or by post, would be expected to come to the attention of a person acting on behalf of the limited partnership, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the delivery of documents there is capable of being recorded by the obtaining of an acknowledgement of delivery,</p></content></level></level><level class="para1"><num>(b)</num><content><p>it is in the part of the United Kingdom in which the limited partnership is registered, and</p></content></level><level class="para1" eId="d28e16058"><num>(c)</num><intro><p>it is at least one of the following—</p></intro><level class="para2" eId="d28e16064"><num>(i)</num><content><p>the address of the principal place of business of the limited partnership;</p></content></level><level class="para2"><num>(ii)</num><content><p>the usual residential address of a general partner who is an individual;</p></content></level><level class="para2"><num>(iii)</num><content><p>the address of the registered or principal office of a general partner that is a legal entity;</p></content></level><level class="para2" eId="d28e16082"><num>(iv)</num><content><p>an address of an authorised corporate service provider that is acting for the limited partnership.</p></content></level></level></subsection><subsection><num>(3)</num><content><p>If the general partners fail to comply with this section an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(4)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(5)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(6)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(7)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection><num>(8)</num><content><p>Subsection <ref href="#d28e16022">(1)</ref> does not apply in relation to a limited partnership during any period for which the address of its registered office is an address nominated by the registrar by virtue of regulations made under section <ref href="#d28e16223">8G</ref>.</p></content></subsection></section><section eId="d28e16160"><num>8F</num><heading>Change of address of registered office by general partners</heading><subsection><num>(1)</num><content><p>The address of a limited partnership’s registered office can be changed by the general partners giving notice to the registrar.</p></content></subsection><subsection><num>(2)</num><intro><p>The notice must include a statement—</p></intro><level class="para1"><num>(a)</num><content><p>that the new address is an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref>, and</p></content></level><level class="para1" eId="d28e16187"><num>(b)</num><content><p>specifying which of the addresses in section <ref href="#d28e16018">8E</ref><ref href="#d28e16058">(2)(c)</ref> the address is.</p></content></level></subsection><subsection><num>(3)</num><content><p>If the statement under subsection <ref href="#d28e16187">(2)(b)</ref> specifies that the address is an address mentioned in section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref><ref href="#d28e16082">(c)(iv)</ref>, the notice must be accompanied by a statement by the authorised corporate service provider confirming that the address is the authorised corporate service provider’s address.</p></content></subsection><subsection><num>(4)</num><content><p>The change takes effect upon the notice being registered by the registrar, but until the end of the period of 14 days beginning with the date on which it is registered a person may validly serve any document on the limited partnership at the address previously registered.</p></content></subsection></section><section eId="d28e16223"><num>8G</num><heading>Regulations about change of address of registered office by registrar</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to change the address of a limited partnership’s registered office if satisfied that it is not an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref>.</p></content></subsection><subsection><num>(2)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection><subsection><num>(3)</num><intro><p>The regulations—</p></intro><level class="para1" eId="d28e16250"><num>(a)</num><content><p>may include provision corresponding or similar to any provision that may be included in regulations under section 1097A of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><intro><p>must include—</p></intro><level class="para2"><num>(i)</num><content><p>provision about appeals corresponding to the provision that must be included in regulations under section 1097A by virtue of subsections <ref href="#d28e14925">(6)</ref> and <ref href="#d28e14931">(6A)</ref> of that section;</p></content></level><level class="para2"><num>(ii)</num><content><p>provision corresponding to subsection (7) of that section.</p></content></level></level></subsection><subsection><num>(4)</num><content><p>The provision that may be made by virtue of subsection <ref href="#d28e16250">(3)(a)</ref> that is corresponding or similar to provision that may be made by virtue of section 1097A<ref href="#d28e14885">(4A)(b)</ref> and <ref href="#d28e14903">(4B)</ref> of the Companies Act 2006 (strike off and restoration) includes provision applying or writing out, with or without modifications, any provision made by section 19 (power to confirm dissolution) or section 20 (administrative revival).</p></content></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section><section eId="section-114"><num>114</num><heading>A limited partnership’s registered office: transitional provision</heading><subsection eId="section-114-1"><num>(1)</num><content><p>This section applies in relation to a limited partnership registered under the Limited Partnerships Act 1907 in pursuance of an application for registration delivered to the registrar before section 113<ref href="#section-113-3">(3)</ref> came fully into force.</p></content></subsection><subsection eId="section-114-2"><num>(2)</num><intro><p>The general partners must, within the transitional period, deliver to the registrar a statement specifying—</p></intro><level class="para1" eId="section-114-2-a"><num>(a)</num><content><p>the address of its registered office (which must be an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref> of that Act (inserted by section 113<ref href="#section-113-4">(4)</ref> of this Act)), and</p></content></level><level class="para1" eId="section-114-2-b"><num>(b)</num><content><p>which of the addresses in section <ref href="#d28e16018">8E</ref><ref href="#d28e16058">(2)(c)</ref> of that Act the address is.</p></content></level></subsection><subsection eId="section-114-3"><num>(3)</num><content><p>If the statement under subsection <ref href="#section-114-2-b">(2)(b)</ref> specifies that the address is an address mentioned in section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref><ref href="#d28e16058">(c)</ref><ref href="#d28e16082">(iv)</ref> of the Limited Partnerships Act 1907, the notice must be accompanied by a statement by the authorised corporate service provider confirming that the address is the authorised corporate service provider’s address.</p></content></subsection><subsection eId="section-114-4"><num>(4)</num><intro><p>The provisions mentioned in subsection <ref href="#section-114-5">(5)</ref> do not apply in respect of the limited partnership until—</p></intro><level class="para1" eId="section-114-4-a"><num>(a)</num><content><p>the end of the transitional period, or</p></content></level><level class="para1" eId="section-114-4-b"><num>(b)</num><content><p>if earlier, the delivery of the statement mentioned in subsection <ref href="#section-114-2">(2)</ref>.</p></content></level></subsection><subsection eId="section-114-5"><num>(5)</num><intro><p>Those provisions are—</p></intro><level class="para1" eId="section-114-5-a"><num>(a)</num><content><p>section <ref href="#d28e16018">8E</ref> of the Limited Partnerships Act 1907 (inserted by section 113<ref href="#section-113-4">(4)</ref> of this Act);</p></content></level><level class="para1" eId="section-114-5-b"><num>(b)</num><content><p>section <ref href="#d28e19194">10D</ref><ref href="#d28e19225">(2)(b)</ref> of that Act (inserted by section 126 of this Act).</p></content></level></subsection><subsection eId="section-114-6"><num>(6)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 113<ref href="#section-113-3">(3)</ref> came fully into force.</p></content></hcontainer></subsection><subsection eId="section-114-7"><num>(7)</num><content><p>Failure by the general partners in the limited partnership to comply with subsection <ref href="#section-114-2">(2)</ref> is, in the absence of any evidence to the contrary, to be treated by the registrar as reasonable cause to believe that the limited partnership has been dissolved for the purposes of section 19 of the Limited Partnerships Act 1907 (registrar’s power to confirm dissolution of limited partnership) (inserted by section 141 of this Act).</p></content></subsection><subsection eId="section-114-8"><num>(8)</num><content><p>Where the registrar proposes to rely on a failure by the general partners in the limited partnership to comply with subsection <ref href="#section-114-2">(2)</ref> as grounds for exercising the power in section 19 of the Limited Partnerships Act 1907, subsections (2) to (4) of that section (publication of warning notice) do not apply.</p></content></subsection></section><section eId="section-115"><num>115</num><heading>A limited partnership’s registered office: consequential amendments</heading><subsection eId="section-115-1"><num>(1)</num><content><p>Regulation 2 of the Alternative Investment Fund Managers Regulations 2013 (<ref eId="c00013" href="http://www.legislation.gov.uk/id/uksi/2013/1773">S.I. 2013/1773</ref>) (interpretation) is amended as follows.</p></content></subsection><subsection eId="section-115-2"><num>(2)</num><intro><p>In paragraph (1)—</p></intro><level class="para1" eId="section-115-2-a"><num>(a)</num><content><p><mod>at the end of paragraph (a) of the definition of “EEA AIF” insert <quotedText>“(but see paragraph <ref href="#d28e16562">(1A)</ref> if the AIF is a limited partnership)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-115-2-b"><num>(b)</num><content><p><mod>at the end of the definition of “Gibraltar AIF” insert <quotedText>“(but see paragraph <ref href="#d28e16562">(1A)</ref> if the AIF is a limited partnership)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-115-2-c"><num>(c)</num><content><p><mod>at the end of paragraph (b) of the definition of “UK AIF” insert <quotedText>“(but see paragraph <ref href="#d28e16562">(1A)</ref> if the AIF is a limited partnership)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-115-2-d"><num>(d)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“established”: a reference to the place where an AIF is established (however expressed) is, in relation to an AIF that is a limited partnership, a reference to—</p></intro><level class="para1"><num>(a)</num><content><p>the country in which the AIF is authorised or registered, or</p></content></level><level class="para1"><num>(b)</num><content><p>if the AIF is not authorised or registered, the country in which it has its principal place of business;</p></content></level></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-limited-partnership">limited partnership</term>” means a limited partnership registered under the Limited Partnerships Act 1907;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subsection><subsection eId="section-115-3"><num>(3)</num><content><p><mod>After paragraph (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="double"><paragraph eId="d28e16562"><num>(1A)</num><content><p>In the application of the definition of “EEA AIF”, “Gibraltar AIF” and “UK AIF” to an AIF that is a limited partnership, a reference to the AIF’s registered office is to be read as a reference to its principal place of business.</p></content></paragraph></quotedStructure></mod></p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-registered-email-addresses"><heading>Registered email addresses</heading><section eId="section-116"><num>116</num><heading>A limited partnership’s registered email address</heading><subsection eId="section-116-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-116-2"><num>(2)</num><content><p><mod>In section 8A (application for registration), in subsection (1), after paragraph <ref href="#d28e15972">(ab)</ref> (inserted by section 113 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ac)</num><content><p>specify the intended registered email address of the limited partnership, which must be an appropriate email address within the meaning given by section <ref href="#d28e16624">8H</ref><ref href="#d28e16634">(2)</ref>,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-116-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e16223">8G</ref> (inserted by section 113 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>A limited partnership‘s registered email address</heading><section eId="d28e16624"><num>8H</num><heading>Duty to maintain a registered email address</heading><subsection><num>(1)</num><content><p>The general partners in a limited partnership must ensure that its registered email address is at all times an appropriate email address.</p></content></subsection><subsection eId="d28e16634"><num>(2)</num><content><p>An email address is an “appropriate email address” if, in the ordinary course of events, emails sent to it by the registrar would be expected to come to the attention of a person acting on behalf of the limited partnership.</p></content></subsection><subsection><num>(3)</num><content><p>If the general partners fail to comply with this section an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(4)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(5)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(6)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(7)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection></section><section eId="d28e16700"><num>8I</num><heading>Change of registered email address</heading><subsection><num>(1)</num><content><p>A limited partnership’s registered email address can be changed by the general partners giving notice to the registrar.</p></content></subsection><subsection><num>(2)</num><content><p>The notice must include a statement that the new address is an appropriate email address within the meaning given by section <ref href="#d28e16624">8H</ref><ref href="#d28e16634">(2)</ref>.</p></content></subsection><subsection><num>(3)</num><content><p>The change takes effect upon the notice being registered by the registrar.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section><section eId="section-117"><num>117</num><heading>A limited partnership’s registered email address: transitional provision</heading><subsection eId="section-117-1"><num>(1)</num><content><p>This section applies in relation to a limited partnership registered under the Limited Partnerships Act 1907 in pursuance of an application for registration delivered to the registrar before section 116<ref href="#section-116-2">(2)</ref> came fully into force.</p></content></subsection><subsection eId="section-117-2"><num>(2)</num><content><p>The general partners must, within the transitional period, deliver to the registrar a statement specifying its registered email address (which must be an appropriate email address within the meaning given by section <ref href="#d28e16624">8H</ref><ref href="#d28e16634">(2)</ref> of that Act (inserted by section 116<ref href="#section-116-3">(3)</ref> of this Act)).</p></content></subsection><subsection eId="section-117-3"><num>(3)</num><intro><p>The provisions mentioned in subsection <ref href="#section-117-4">(4)</ref> do not apply in respect of the limited partnership until—</p></intro><level class="para1" eId="section-117-3-a"><num>(a)</num><content><p>the end of the transitional period, or</p></content></level><level class="para1" eId="section-117-3-b"><num>(b)</num><content><p>if earlier, the delivery of the statement mentioned in subsection <ref href="#section-117-2">(2)</ref>.</p></content></level></subsection><subsection eId="section-117-4"><num>(4)</num><intro><p>Those provisions are—</p></intro><level class="para1" eId="section-117-4-a"><num>(a)</num><content><p>section <ref href="#d28e16624">8H</ref> of the Limited Partnerships Act 1907 (inserted by section 116<ref href="#section-116-3">(3)</ref> of this Act);</p></content></level><level class="para1" eId="section-117-4-b"><num>(b)</num><content><p>section <ref href="#d28e19194">10D</ref><ref href="#d28e19254">(2)(c)</ref> of that Act (inserted by section 126 of this Act).</p></content></level></subsection><subsection eId="section-117-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 116<ref href="#section-116-2">(2)</ref> came fully into force.</p></content></hcontainer></subsection><subsection eId="section-117-6"><num>(6)</num><content><p>Failure by the general partners in a limited partnership to comply with subsection <ref href="#section-117-2">(2)</ref> is, in the absence of any evidence to the contrary, to be treated by the registrar as reasonable cause to believe that the limited partnership has been dissolved for the purposes of section <ref href="#d28e21741">19</ref> of the Limited Partnerships Act 1907 (registrar’s power to confirm dissolution of limited partnership) (inserted by section 141 of this Act).</p></content></subsection><subsection eId="section-117-7"><num>(7)</num><content><p>Where the registrar proposes to rely on a failure by the general partners in the limited partnership to comply with subsection <ref href="#section-117-2">(2)</ref> as grounds for exercising the power in section <ref href="#d28e21741">19</ref> of the Limited Partnerships Act 1907, subsections <ref href="#d28e21751">(2)</ref> to <ref href="#d28e21790">(4)</ref> of that section (publication of warning notice) do not apply.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-the-general-partners"><heading>The general partners</heading><section eId="section-118"><num>118</num><heading>Restrictions on general partners</heading><subsection eId="section-118-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-118-2"><num>(2)</num><intro><p>In section 8A (application for registration)—</p></intro><level class="para1" eId="section-118-2-a"><num>(a)</num><content><p><mod>after subsection <ref href="#d28e15992">(1A)</ref> (inserted by section 113 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e16898"><num>(1B)</num><content><p>The application must also contain a statement that none of the proposed general partners is disqualified under the directors disqualification legislation (see subsection (8)).</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-118-2-b"><num>(b)</num><content><p><mod>in subsection (8), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“disqualified under the directors disqualification legislation”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to a statement about a person delivered to the registrar for England and Wales or Scotland, means that the person falls within any of the entries in the first column of Part 1 of the table in section 159A of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to a statement about a person delivered to the registrar for Northern Ireland, means that the person falls within any of the entries in the first column of Part 2 of that table;</p></content></level></hcontainer></quotedStructure></mod></p></content></level></subsection><subsection eId="section-118-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e16700">8I</ref> (inserted by section 116 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Duty to remove disqualified general partners</heading><section eId="d28e16943"><num>8J</num><heading>Duty to remove disqualified general partners</heading><subsection eId="d28e16947"><num>(1)</num><content><p>The general partners in a limited partnership must take any steps that are necessary to ensure that any general partner in the limited partnership who is disqualified under the directors disqualification legislation (see subsection <ref href="#section-118-3">(3)</ref>) ceases to be a general partner.</p></content></subsection><subsection eId="d28e16956"><num>(2)</num><intro><p>Examples of the types of steps that the general partners might need to take include—</p></intro><level class="para1"><num>(a)</num><content><p>enforcing any express or implied agreement between the partners;</p></content></level><level class="para1"><num>(b)</num><content><p>giving any notice, making any application or otherwise acting to dissolve the limited partnership.</p></content></level></subsection><subsection><num>(3)</num><intro><p>A general partner in a limited partnership is “disqualified under the directors disqualification legislation” if—</p></intro><level class="para1"><num>(a)</num><content><p>where the limited partnership is registered in England and Wales or Scotland, the general partner falls within any of the entries in the first column of Part 1 of the table in section 159A of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><content><p>where the limited partnership is registered in Northern Ireland, the general partner falls within any of the entries in the first column of Part 2 of that table.</p></content></level></subsection><subsection><num>(4)</num><content><p>Subsection <ref href="#d28e16947">(1)</ref> applies irrespective of whether the general partner concerned became disqualified under the directors disqualification legislation before or after this section comes into force.</p></content></subsection><subsection><num>(5)</num><content><p>If the general partners fail to comply with this section an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(6)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(7)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(8)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(9)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section><section eId="section-119"><num>119</num><heading>Officers of general partners</heading><subsection eId="section-119-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-119-2"><num>(2)</num><content><p><mod>In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-corporate-managing-officer">corporate managing officer</term>” means a managing officer that is a legal entity;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-119-3"><num>(3)</num><content><p><mod>In section 8A (application for registration), after subsection <ref href="#d28e16898">(1B)</ref> (inserted by section 118 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e17099"><num>(1C)</num><intro><p>The application must be accompanied by a statement by each proposed general partner that is a legal entity (if any) specifying the name of its proposed registered officer, who must be an individual—</p></intro><level class="para1"><num>(a)</num><content><p>who is one of the general partner’s managing officers,</p></content></level><level class="para1"><num>(b)</num><content><p>who is not disqualified under the directors disqualification legislation (see subsection (8)), and</p></content></level><level class="para1"><num>(c)</num><content><p>whose identity is verified (within the meaning of section 1110A of the Companies Act 2006).</p></content></level></subsection><subsection eId="d28e17123"><num>(1D)</num><intro><p>The application must also be accompanied by one of the following statements by each proposed general partner that is a legal entity (if any)—</p></intro><level class="para1"><num>(a)</num><content><p>a statement that the general partner does not have any corporate managing officers, or</p></content></level><level class="para1" eId="d28e17135"><num>(b)</num><content><p>if the general partner has one or more corporate managing officers, a statement specifying, for each corporate managing officer, the name of the proposed named contact for the corporate managing officer.</p></content></level></subsection><subsection><num>(1E)</num><content><p>The proposed named contact for a corporate managing officer must be an individual who is a managing officer of the corporate managing officer.</p></content></subsection><subsection eId="d28e17147"><num>(1F)</num><intro><p>A statement under subsection <ref href="#d28e17099">(1C)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>contain the required information about the proposed registered officer (see Part 3 of the Schedule), and</p></content></level><level class="para1"><num>(b)</num><intro><p>be accompanied by a statement by the individual who is the proposed registered officer confirming that the individual—</p></intro><level class="para2"><num>(i)</num><content><p>is one of the general partner’s managing officers,</p></content></level><level class="para2"><num>(ii)</num><content><p>is not disqualified under the directors disqualification legislation (see subsection (8)), and</p></content></level><level class="para2"><num>(iii)</num><content><p>is an individual whose identity is verified (within the meaning of section 1110A of the Companies Act 2006).</p></content></level></level></subsection><subsection eId="d28e17186"><num>(1G)</num><intro><p>A statement under subsection <ref href="#d28e17135">(1D)(b)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>contain the required information about each proposed named contact specified in the statement (see Part <ref href="#d28e36448">4</ref> of the Schedule), and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by each proposed named contact confirming that the proposed named contact is a managing officer of the corporate managing officer concerned.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-119-4"><num>(4)</num><content><p><mod>After section <ref href="#d28e16943">8J</ref> (inserted by section 118 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Officers of general partners</heading><section eId="d28e17226"><num>8K</num><heading>Duty to maintain registered officer and named contacts</heading><subsection eId="d28e17230"><num>(1)</num><intro><p>A general partner that is a legal entity must at all times ensure that its registered officer is an individual—</p></intro><level class="para1" eId="d28e17236"><num>(a)</num><content><p>who is one of its managing officers,</p></content></level><level class="para1" eId="d28e17242"><num>(b)</num><content><p>who is not disqualified under the directors disqualification legislation (see subsection <ref href="#section-119-2">(2)</ref>), and</p></content></level><level class="para1" eId="d28e17251"><num>(c)</num><content><p>whose identity is verified (within the meaning of section 1110A of the Companies Act 2006).</p></content></level></subsection><subsection eId="d28e17257"><num>(2)</num><intro><p>The registered officer of a general partner in a limited partnership is “disqualified under the directors disqualification legislation” if—</p></intro><level class="para1"><num>(a)</num><content><p>where the limited partnership is registered in England and Wales or Scotland, the registered officer falls within any of the entries in the first column of Part 1 of the table in section 159A of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><content><p>where the limited partnership is registered in Northern Ireland, the registered officer falls within any of the entries in the first column of Part 2 of that table.</p></content></level></subsection><subsection eId="d28e17275"><num>(3)</num><content><p>A general partner that is a legal entity and that has one or more corporate managing officers must at all times ensure that the named contact for each corporate managing officer is an individual who is a managing officer of the corporate managing officer.</p></content></subsection><subsection eId="d28e17281"><num>(4)</num><intro><p>In this section “<term refersTo="#term-registered-officer">registered officer</term>”, in relation to a general partner that is a legal entity, means—</p></intro><level class="para1"><num>(a)</num><intro><p>the individual whose name is specified by the general partner in—</p></intro><level class="para2"><num>(i)</num><content><p>a statement delivered to the registrar under section 8A<ref href="#d28e17099">(1C)</ref> or 8R(4), or</p></content></level><level class="para2"><num>(ii)</num><content><p>a statement delivered to the registrar under section 120<ref href="#section-120-2-a">(2)(a)</ref> or 124<ref href="#section-124-2-a">(2)(a)</ref> of the Economic Crime and Corporate Transparency Act 2023 (transitional cases),</p></content></level><wrapUp><p>unless the general partner has changed its registered officer under section <ref href="#d28e17421">8L</ref><ref href="#d28e17425">(1)</ref>, or</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>if the general partner has changed its registered officer under section <ref href="#d28e17421">8L</ref><ref href="#d28e17425">(1)</ref>, the individual specified in the latest notice under that provision.</p></content></level></subsection><subsection eId="d28e17335"><num>(5)</num><intro><p>In this section “<term refersTo="#term-named-contact">named contact</term>”, in relation to the corporate managing officer of a general partner, means—</p></intro><level class="para1"><num>(a)</num><intro><p>the individual whose name is specified by the general partner for that corporate managing officer in—</p></intro><level class="para2"><num>(i)</num><content><p>a statement delivered to the registrar under section 8A<ref href="#d28e17135">(1D)(b)</ref>, 8R(5)(b) or <ref href="#d28e17567">8N</ref><ref href="#d28e17595">(3)</ref>, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a statement delivered to the registrar under section 120<ref href="#section-120-2-b-ii">(2)(b)(ii)</ref> or 124<ref href="#section-124-2-b-ii">(2)(b)(ii)</ref> of the Economic Crime and Corporate Transparency Act 2023 (transitional cases),</p></content></level><wrapUp><p>unless the general partner has changed the named contact for that corporate managing officer under section <ref href="#d28e17421">8L</ref><ref href="#d28e17436">(2)</ref>, or</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>if the general partner has changed the named contact for that corporate managing officer under section <ref href="#d28e17421">8L</ref><ref href="#d28e17436">(2)</ref>, the individual specified in the latest notice under that provision.</p></content></level></subsection><subsection><num>(6)</num><content><p>If a general partner’s registered officer ceases to fall within the description mentioned in subsection <ref href="#d28e17236">(1)(a)</ref> or <ref href="#d28e17242">(b)</ref>, the general partner does not fail to comply with subsection <ref href="#d28e17230">(1)</ref> by reason of that fact during the period of 14 days beginning with the day on which the registered officer so ceases.</p></content></subsection><subsection><num>(7)</num><content><p>If the named contact for a general partner’s corporate managing officer ceases to be a managing officer of the corporate managing officer, the general partner does not fail to comply with subsection <ref href="#d28e17275">(3)</ref> by reason of that fact during the period of 14 days beginning with the day on which the named contact so ceases.</p></content></subsection></section><section eId="d28e17421"><num>8L</num><heading>Change of registered officers and named contacts by general partner</heading><subsection eId="d28e17425"><num>(1)</num><content><p>A general partner may change its registered officer for the purposes of section <ref href="#d28e17226">8K</ref><ref href="#d28e17230">(1)</ref> by giving notice to the registrar containing the required information about the new registered officer (see Part 3 of the Schedule).</p></content></subsection><subsection eId="d28e17436"><num>(2)</num><content><p>A general partner may change the named contact for a corporate managing officer of the general partner for the purposes of section <ref href="#d28e17226">8K</ref><ref href="#d28e17275">(3)</ref> by giving notice to the registrar containing the required information about the new named contact (see Part <ref href="#d28e36448">4</ref> of the Schedule).</p></content></subsection><subsection><num>(3)</num><intro><p>A notice under subsection <ref href="#d28e17425">(1)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>include a statement by the general partner confirming that the new registered officer is an individual who meets the requirements in section 8K(1)(a) to (c), and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by the individual who is the new registered officer confirming that the individual meets the requirements in section 8K(1)(a) to (c).</p></content></level></subsection><subsection><num>(4)</num><intro><p>A notice under subsection <ref href="#d28e17436">(2)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>include a statement by the general partner that the new named contact for the corporate managing officer is a managing officer of the corporate managing officer, and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by the individual who is the new named contact confirming that the individual is an managing officer of the corporate managing officer.</p></content></level></subsection></section><section eId="d28e17495"><num>8M</num><heading>Duty to notify changes in general partner’s registered officer</heading><subsection eId="d28e17499"><num>(1)</num><content><p>A general partner that is a legal entity must give notice to the registrar of any change in the required information about its registered officer (see Part <ref href="#d28e36373">3</ref> of the Schedule).</p></content></subsection><subsection eId="d28e17508"><num>(2)</num><intro><p>A general partner that is a legal entity must give notice to the registrar of any change in the required information about its proposed registered officer that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for registration of the limited partnership in which the entity is a general partner was delivered to the registrar under section 8A, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the limited partnership was registered.</p></content></level></subsection><subsection eId="d28e17526"><num>(3)</num><content><p>A notice under this section must specify the date on which the change to which it relates occurred.</p></content></subsection><subsection><num>(4)</num><content><p>A notice under subsection <ref href="#d28e17499">(1)</ref> must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under subsection <ref href="#d28e17508">(2)</ref> must be given within the period of 14 days beginning with the day on which the limited partnership was registered.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-registered-officer">registered officer</term>” has the meaning given by section <ref href="#d28e17226">8K</ref><ref href="#d28e17281">(4)</ref>.</p></content></subsection></section><section eId="d28e17567"><num>8N</num><heading>Duty to notify named contact</heading><subsection eId="d28e17571"><num>(1)</num><content><p>A general partner that is a legal entity must give notice to the registrar if a legal entity becomes a corporate managing officer of the general partner.</p></content></subsection><subsection><num>(2)</num><intro><p>A general partner that is a legal entity must give notice to the registrar if a legal entity became a corporate managing officer of the general partner—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for registration of the limited partnership in which the entity is a general partner was delivered to the registrar under section 8A, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the limited partnership was registered.</p></content></level></subsection><subsection eId="d28e17595"><num>(3)</num><content><p>A notice under this section must include a statement specifying the name of the proposed named contact for the corporate managing officer.</p></content></subsection><subsection><num>(4)</num><content><p>The proposed named contact for a corporate managing officer must be an individual who is a managing officer of the corporate managing officer.</p></content></subsection><subsection><num>(5)</num><intro><p>The statement must—</p></intro><level class="para1"><num>(a)</num><content><p>contain the required information about the proposed named contact specified in the statement (see Part 4 of the Schedule), and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by the proposed named contact confirming that the proposed named contact is a managing officer of the corporate managing officer.</p></content></level></subsection><subsection><num>(6)</num><content><p>A notice under subsection <ref href="#d28e17571">(1)</ref> must be given within the period of 14 days beginning with the day on which the legal entity becomes a corporate managing officer of the general partner.</p></content></subsection><subsection><num>(7)</num><content><p>A notice under subsection <ref href="#d28e17508">(2)</ref> must be given within the period of 14 days beginning with the day on which the limited partnership was registered.</p></content></subsection></section><section eId="d28e17646"><num>8O</num><heading>Duty to notify changes in named contacts</heading><subsection><num>(1)</num><content><p>This section applies where a general partner that is a legal entity has one or more corporate managing officers.</p></content></subsection><subsection><num>(2)</num><content><p>The general partner must give notice to the registrar of any change in the required information about the named contact for any corporate managing officer (see Part 4 of the Schedule).</p></content></subsection><subsection><num>(3)</num><intro><p>The general partner must give notice to the registrar of any change in the required information about the proposed named contact for any corporate managing officer that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for registration of the limited partnership in which the entity is a general partner was delivered to the registrar under section 8A, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the limited partnership was registered.</p></content></level></subsection><subsection><num>(4)</num><content><p>A notice under this section must specify the date on which the change to which it relates occurred.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under subsection <ref href="#d28e17508">(2)</ref> must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection><subsection><num>(6)</num><content><p>A notice under subsection <ref href="#d28e17526">(3)</ref> must be given within the period of 14 days beginning with the day on which the limited partnership was registered.</p></content></subsection><subsection><num>(7)</num><content><p>In this section “<term refersTo="#term-named-contact">named contact</term>” has the meaning given by section <ref href="#d28e17226">8K</ref><ref href="#d28e17335">(5)</ref>.</p></content></subsection></section><section><num>8P</num><heading>Failure to comply with obligations relating to officers</heading><subsection><num>(1)</num><intro><p>If a general partner fails to comply with section <ref href="#d28e17226">8K</ref>, <ref href="#d28e17495">8M</ref>, <ref href="#d28e17567">8N</ref> or <ref href="#d28e17646">8O</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the general partner, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the general partner is a legal entity, any of its managing officers who is in default.</p></content></level></subsection><subsection><num>(2)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(3)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e17782"><num>(4)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(5)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e17782">(4)</ref>).</p></content></subsection></section><section><num>8Q</num><heading>Regulations about change of registered officer’s address by registrar</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to change a registered service address of a registered officer of a general partner if satisfied that the address does not meet the requirements of section 1141(1) and (2) of the Companies Act 2006.</p></content></subsection><subsection><num>(2)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-officer">registered officer</term>” has the meaning given by section 8K<ref href="#d28e17281">(4)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-service-address">registered service address</term>”, in relation to a registered officer, means the address for the time being shown in the register as the registered officer’s current service address.</p></content></hcontainer></subsection><subsection><num>(3)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection><subsection><num>(4)</num><intro><p>The regulations—</p></intro><level class="para1"><num>(a)</num><content><p>may include provision corresponding or similar to any provision that may be included in regulations under section 1097B of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><intro><p>must include—</p></intro><level class="para2"><num>(i)</num><content><p>provision about appeals corresponding to the provision that must be included in regulations under section 1097B by virtue of subsections (7) and (8) of that section;</p></content></level><level class="para2"><num>(ii)</num><content><p>provision corresponding to subsection (9) of that section.</p></content></level></level></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section><section eId="section-120"><num>120</num><heading>Officers of general partners: transitional provision</heading><subsection eId="section-120-1"><num>(1)</num><content><p>This section applies in relation to a limited partnership that was registered under the Limited Partnerships Act 1907 in pursuance of an application for registration delivered to the registrar before section 119(3) came fully into force.</p></content></subsection><subsection eId="section-120-2"><num>(2)</num><intro><p>Each general partner that is a legal entity and became a general partner in the limited partnership on its registration must, within the transitional period, deliver to the registrar—</p></intro><level class="para1" eId="section-120-2-a"><num>(a)</num><content><p>a statement of the kind mentioned in section 8A<ref href="#d28e17099">(1C)</ref> of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8A<ref href="#d28e17147">(1F)</ref> of that Act (both inserted by section 119<ref href="#section-119-3">(3)</ref> of this Act), and</p></content></level><level class="para1" eId="section-120-2-b"><num>(b)</num><intro><p>either—</p></intro><level class="para2" eId="section-120-2-b-i"><num>(i)</num><content><p>a statement that the general partner does not have any corporate managing officers, or</p></content></level><level class="para2" eId="section-120-2-b-ii"><num>(ii)</num><content><p>if the general partner has one or more corporate managing officers, a statement of the kind mentioned in section 8A<ref href="#d28e17135">(1D)(b)</ref> of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8A<ref href="#d28e17186">(1G)</ref> of that Act (both inserted by section 119<ref href="#section-119-3">(3)</ref> of this Act).</p></content></level></level></subsection><subsection eId="section-120-3"><num>(3)</num><intro><p>A general partner mentioned in subsection <ref href="#section-120-2">(2)</ref> is not required by the provisions mentioned in subsection <ref href="#section-120-4">(4)</ref> to give notice to the registrar if a legal entity becomes a corporate managing officer of the general partner before whichever is earlier of—</p></intro><level class="para1" eId="section-120-3-a"><num>(a)</num><content><p>the end of the transitional period, and</p></content></level><level class="para1" eId="section-120-3-b"><num>(b)</num><content><p>the delivery of the statement mentioned in subsection <ref href="#section-120-2-b">(2)(b)</ref>.</p></content></level></subsection><subsection eId="section-120-4"><num>(4)</num><intro><p>The provisions are—</p></intro><level class="para1" eId="section-120-4-a"><num>(a)</num><content><p>section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref> of the Limited Partnerships Act 1907 (inserted by section 119 of this Act), and</p></content></level><level class="para1" eId="section-120-4-b"><num>(b)</num><content><p>so far as it relates to section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref> of the Limited Partnerships Act 1907, section <ref href="#d28e19194">10D</ref><ref href="#d28e19213">(2)(a)</ref> of that Act (inserted by section 126 of this Act).</p></content></level></subsection><subsection eId="section-120-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 119<ref href="#section-119-3">(3)</ref> came fully into force.</p></content></hcontainer></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-removal-of-option-to-authenticate-application-by-signature"><heading>Removal of option to authenticate application by signature</heading><section eId="section-121"><num>121</num><heading>Removal of option to authenticate application by signature</heading><subsection eId="section-121-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-121-2"><num>(2)</num><content><p>In section 8A (application for registration), in subsection (1), in paragraph (c), omit “signed or otherwise”.</p></content></subsection><subsection eId="section-121-3"><num>(3)</num><content><p>In section 8D (application for designation as a private fund limited partnership), in subsection (2), in paragraph (e), omit “signed or otherwise”.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-changes-in-partnerships"><heading>Changes in partnerships</heading><section eId="section-122"><num>122</num><heading>Notification of information about partners</heading><content><p><mod>After section 8Q of the Limited Partnerships Act 1907 (inserted by section 119 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Notification of information about partners</heading><section eId="d28e18071"><num>8R</num><heading>Duty to notify registrar of change in partners</heading><subsection eId="d28e18075"><num>(1)</num><intro><p>The general partners in a limited partnership must give notice to the registrar if a person—</p></intro><level class="para1" eId="d28e18081"><num>(a)</num><content><p>becomes a general partner or limited partner in the limited partnership, or</p></content></level><level class="para1"><num>(b)</num><content><p>ceases to be a general partner or limited partner in the limited partnership.</p></content></level></subsection><subsection eId="d28e18093"><num>(2)</num><content><p>A notice under subsection <ref href="#d28e18081">(1)(a)</ref> must contain the required information about the general partner or limited partner (see Part 2 of the Schedule).</p></content></subsection><subsection eId="d28e18102"><num>(3)</num><content><p>A notice under subsection <ref href="#d28e18081">(1)(a)</ref> of a person becoming a general partner must contain a statement that the new general partner is not disqualified under the directors disqualification legislation (see section <ref href="#d28e16943">8J</ref>(3)).</p></content></subsection><subsection eId="d28e18114"><num>(4)</num><content><p>A notice under subsection <ref href="#d28e18081">(1)(a)</ref> of a legal entity becoming a general partner must be accompanied by a statement by the general partner specifying the name of its proposed registered officer, who must be an individual who meets the requirements in section <ref href="#d28e17226">8K</ref>(1)(a) to (c).</p></content></subsection><subsection eId="d28e18126"><num>(5)</num><intro><p>A notice under subsection <ref href="#d28e18081">(1)(a)</ref> of a legal entity becoming a general partner must be accompanied by one of the following statements by the general partner—</p></intro><level class="para1"><num>(a)</num><content><p>a statement that the general partner does not have any corporate managing officers, or</p></content></level><level class="para1" eId="d28e18141"><num>(b)</num><content><p>if the general partner has one or more corporate managing officers, a statement specifying, for each corporate managing officer, the name of the proposed named contact for the corporate managing officer.</p></content></level></subsection><subsection><num>(6)</num><content><p>The proposed named contact for a corporate managing officer must be an individual who is a managing officer of the corporate managing officer.</p></content></subsection><subsection eId="d28e18153"><num>(7)</num><intro><p>A statement under subsection <ref href="#d28e18114">(4)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>contain the required information about the proposed registered officer (see Part 3 of the Schedule), and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by the individual who is the proposed registered officer confirming that the individual meets the requirements in section <ref href="#d28e17226">8K</ref><ref href="#d28e17236">(1)(a)</ref> to <ref href="#d28e17251">(1)(c)</ref>.</p></content></level></subsection><subsection eId="d28e18182"><num>(8)</num><intro><p>A statement under subsection <ref href="#d28e18141">(5)(b)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>contain the required information about each proposed named contact specified in the statement (see Part 4 of the Schedule), and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by each proposed named contact confirming that the proposed named contact is a managing officer of the corporate managing officer concerned.</p></content></level></subsection><subsection><num>(9)</num><content><p>Subsection <ref href="#d28e18081">(1)(a)</ref> does not require the general partners, on registration of the limited partnership, to give notice in relation to a person named as a proposed general partner or a proposed limited partner in the application for registration under section 8A.</p></content></subsection><subsection><num>(10)</num><content><p>A notice under subsection <ref href="#d28e18075">(1)</ref> must specify the date on which the person became or ceased to be a general partner or limited partner in the limited partnership.</p></content></subsection><subsection eId="d28e18221"><num>(11)</num><content><p>A notice under subsection <ref href="#d28e18075">(1)</ref> must be given within the period of 14 days beginning with the day on which the person becomes or ceases to be a general partner or a limited partner.</p></content></subsection></section><section eId="d28e18233"><num>8S</num><heading>Duty to notify registrar of changes of information about partners</heading><subsection eId="d28e18237"><num>(1)</num><content><p>The general partners in a limited partnership must give notice to the registrar of any change in the required information about a partner (see Part 2 of the Schedule).</p></content></subsection><subsection eId="d28e18243"><num>(2)</num><content><p>The general partners in a limited partnership that is not a private fund limited partnership must give notice to the registrar of any change to the sum contributed by any limited partner.</p></content></subsection><subsection eId="d28e18249"><num>(3)</num><content><p>The general partners in a private fund limited partnership that was registered as a limited partnership before 6th April 2017 must give notice to the registrar of any withdrawal by a limited partner of the partner’s contribution which has the effect that the amount of the partner’s contribution is less than it was on the date on which the limited partnership was designated as a private fund limited partnership.</p></content></subsection><subsection><num>(4)</num><content><p>A notice under this section must specify the date on which the change to which it relates occurred.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection></section><section eId="d28e18270"><num>8T</num><heading>Notification of changes occurring before registration</heading><subsection eId="d28e18274"><num>(1)</num><content><p>The general partners in a limited partnership must give notice to the registrar if a person named as a proposed general partner or a proposed limited partner in the application for registration under section 8A did not become a general partner or limited partner on registration of the limited partnership.</p></content></subsection><subsection eId="d28e18280"><num>(2)</num><intro><p>The general partners in a limited partnership must give notice to the registrar of any change in the required information about a proposed general partner or a proposed limited partner (see Part 2 of the Schedule) that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for the limited partnership’s registration under section 8A was delivered to the registrar, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the limited partnership was registered.</p></content></level></subsection><subsection><num>(3)</num><content><p>A notice under subsection <ref href="#d28e18280">(2)</ref> must specify the date on which the change occurred.</p></content></subsection><subsection><num>(4)</num><content><p>But the general partners are not required to give notice under subsection <ref href="#d28e18280">(2)</ref> in respect of a person if they give notice under subsection <ref href="#d28e18274">(1)</ref> in respect of the person.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the limited partnership was registered.</p></content></subsection></section><section><num>8U</num><heading>Failure to notify information about partners</heading><subsection><num>(1)</num><content><p>If the general partners fail to comply with section <ref href="#d28e18071">8R</ref>, <ref href="#d28e18233">8S</ref> or <ref href="#d28e18270">8T</ref> an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(2)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(3)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(5)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection></section><section><num>8V</num><heading>Prohibition on acting unless general partner notified</heading><subsection><num>(1)</num><intro><p>This section applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a person has become a general partner in a limited partnership otherwise than on its registration, and</p></content></level><level class="para1"><num>(b)</num><content><p>notice under section <ref href="#d28e18071">8R</ref> of the person having done so has not been given within the period mentioned in subsection <ref href="#d28e18221">(11)</ref> of that section.</p></content></level></subsection><subsection eId="d28e18429"><num>(2)</num><content><p>The general partner may not take part in the management of the partnership business until notice is given under section <ref href="#d28e18071">8R</ref>.</p></content></subsection><subsection><num>(3)</num><intro><p>If a general partner contravenes subsection <ref href="#d28e18429">(2)</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the general partner, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the general partner is a legal entity, any of its managing officers who is in default.</p></content></level></subsection><subsection><num>(4)</num><content><p>But it is a defence for a person charged with an offence under this section to prove that they reasonably believed that notice had been given under section <ref href="#d28e18071">8R</ref>.</p></content></subsection><subsection><num>(5)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(6)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e18495"><num>(7)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(8)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e18495">(7)</ref>).</p></content></subsection><subsection><num>(9)</num><content><p>The only consequence of contravening subsection <ref href="#d28e18429">(2)</ref> is the offence provided for by this section (so that, for example, a contravention does not in any way affect the validity of the general partner’s actions).</p></content></subsection><subsection><num>(10)</num><content><p>Nothing in this section shall affect the liability of the general partner for all debts and obligations of the firm.</p></content></subsection></section><section><num>8W</num><heading>Regulations about change of general partner’s address by registrar</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to—</p></intro><level class="para1"><num>(a)</num><content><p>change a registered service address of a general partner in a limited partnership if satisfied that the address does not meet the requirements of section 1141(1) and (2) of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><content><p>change the address registered as the principal office of a general partner in a limited partnership if satisfied that the address is not in fact their principal office.</p></content></level></subsection><subsection><num>(2)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-address-registered-as-the-principal-office">address registered as the principal office</term>”, in relation to a general partner, means the address for the time being shown in the register as the address of the general partner’s current principal office;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-service-address">registered service address</term>”, in relation to a general partner, means the address for the time being shown in the register as the general partner’s current service address.</p></content></hcontainer></subsection><subsection><num>(3)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection><subsection><num>(4)</num><intro><p>The regulations—</p></intro><level class="para1"><num>(a)</num><content><p>may include provision corresponding or similar to any provision that may be included in regulations under section 1097B of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><intro><p>must include—</p></intro><level class="para2"><num>(i)</num><content><p>provision about appeals corresponding to the provision that must be included in regulations under section 1097B by virtue of subsections (7) and (8) of that section;</p></content></level><level class="para2"><num>(ii)</num><content><p>provision corresponding to subsection (9) of that section.</p></content></level></level></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section><section eId="section-123"><num>123</num><heading>New partners: transitional provision about required information</heading><subsection eId="section-123-1"><num>(1)</num><intro><p>This section applies in relation to a person who—</p></intro><level class="para1" eId="section-123-1-a"><num>(a)</num><content><p>is a partner in a limited partnership, and</p></content></level><level class="para1" eId="section-123-1-b"><num>(b)</num><content><p>became a partner in the limited partnership before section 122 came fully into force,</p></content></level><wrapUp><p>other than a person who became a partner in the limited partnership on its registration.</p></wrapUp></subsection><subsection eId="section-123-2"><num>(2)</num><content><p>The general partners in the limited partnership must, within the transitional period, deliver a statement to the registrar specifying the required information about the partner (within the meaning of the Schedule to the Limited Partnerships Act 1907 (inserted by Schedule 4 to this Act)).</p></content></subsection><subsection eId="section-123-3"><num>(3)</num><intro><p>If a change in the required information about the partner occurs before whichever is earlier of—</p></intro><level class="para1" eId="section-123-3-a"><num>(a)</num><content><p>the end of the transitional period, and</p></content></level><level class="para1" eId="section-123-3-b"><num>(b)</num><content><p>the delivery of the statement mentioned in subsection <ref href="#section-123-2">(2)</ref>,</p></content></level><wrapUp><p>the general partners in the limited partnership are not required by the provisions mentioned in subsection <ref href="#section-123-4">(4)</ref> to give notice to the registrar of the change, unless it is a change to the partner’s name.</p></wrapUp></subsection><subsection eId="section-123-4"><num>(4)</num><intro><p>The provisions are—</p></intro><level class="para1" eId="section-123-4-a"><num>(a)</num><content><p>section 8S(1) of the Limited Partnerships Act 1907 (inserted by section 122 of this Act), and</p></content></level><level class="para1" eId="section-123-4-b"><num>(b)</num><content><p>so far as it relates to section 8S(1) of the Limited Partnerships Act 1907, section <ref href="#d28e19194">10D</ref><ref href="#d28e19213">(2)(a)</ref> of that Act (inserted by section 126 of this Act).</p></content></level></subsection><subsection eId="section-123-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 122 came fully into force.</p></content></hcontainer></subsection><subsection eId="section-123-6"><num>(6)</num><content><p>Failure by the general partners in a limited partnership to comply with subsection <ref href="#section-123-2">(2)</ref> is, in the absence of any evidence to the contrary, to be treated by the registrar as reasonable cause to believe that the limited partnership has been dissolved for the purposes of section <ref href="#d28e21741">19</ref> of the Limited Partnerships Act 1907 (registrar’s power to confirm dissolution of limited partnership) (inserted by section 141 of this Act).</p></content></subsection><subsection eId="section-123-7"><num>(7)</num><content><p>Where the registrar proposes to rely on a failure by the general partners in the limited partnership to comply with subsection <ref href="#section-123-2">(2)</ref> as grounds for exercising the power in section <ref href="#d28e21741">19</ref> of the Limited Partnerships Act 1907, subsections <ref href="#section-141-2">(2)</ref> to <ref href="#section-141-4">(4)</ref> of that section (publication of warning notice) do not apply.</p></content></subsection></section><section eId="section-124"><num>124</num><heading>New general partners: transitional provision about officers</heading><subsection eId="section-124-1"><num>(1)</num><intro><p>This section applies in relation to a general partner that—</p></intro><level class="para1" eId="section-124-1-a"><num>(a)</num><content><p>is a legal entity, and</p></content></level><level class="para1" eId="section-124-1-b"><num>(b)</num><content><p>became a general partner before section 122 came fully into force,</p></content></level><wrapUp><p>other than a legal entity that became a general partner in a limited partnership on its registration.</p></wrapUp></subsection><subsection eId="section-124-2"><num>(2)</num><intro><p>The general partner must, within the transitional period, deliver to the registrar—</p></intro><level class="para1" eId="section-124-2-a"><num>(a)</num><content><p>a statement of the kind mentioned in section 8R(4) of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8R(7) of that Act (both inserted by section 122 of this Act), and</p></content></level><level class="para1" eId="section-124-2-b"><num>(b)</num><intro><p>either a statement—</p></intro><level class="para2" eId="section-124-2-b-i"><num>(i)</num><content><p>that the general partner does not have any corporate managing officers, or</p></content></level><level class="para2" eId="section-124-2-b-ii"><num>(ii)</num><content><p>if the general partner has one or more corporate managing officers, a statement of the kind mentioned in section 8R(5)(b) of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8R(8) of that Act (both inserted by section 122 of this Act).</p></content></level></level></subsection><subsection eId="section-124-3"><num>(3)</num><intro><p>The general partner is not required by the provisions mentioned in subsection <ref href="#section-124-4">(4)</ref> to give notice to the registrar if a legal entity becomes a corporate managing officer of the general partner before whichever is earlier of—</p></intro><level class="para1" eId="section-124-3-a"><num>(a)</num><content><p>the end of the transitional period, and</p></content></level><level class="para1" eId="section-124-3-b"><num>(b)</num><content><p>the delivery of the statement mentioned in subsection <ref href="#section-124-2-b">(2)(b)</ref>.</p></content></level></subsection><subsection eId="section-124-4"><num>(4)</num><intro><p>The provisions are—</p></intro><level class="para1" eId="section-124-4-a"><num>(a)</num><content><p>section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref> of the Limited Partnerships Act 1907 (inserted by section 119 of this Act), and</p></content></level><level class="para1" eId="section-124-4-b"><num>(b)</num><content><p>so far as it relates to section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref> of the Limited Partnerships Act 1907, section <ref href="#d28e19194">10D</ref><ref href="#d28e19213">(2)(a)</ref> of that Act (inserted by section 126 of this Act).</p></content></level></subsection><subsection eId="section-124-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 122 came fully into force.</p></content></hcontainer></subsection></section><section eId="section-125"><num>125</num><heading>Notification of other changes</heading><subsection eId="section-125-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-125-2"><num>(2)</num><content><p><mod>In section 8A (application for registration), in subsection (2), for paragraph (a) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(a)</num><content><p>the intended general nature of the limited partnership’s business,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-125-3"><num>(3)</num><content><p>Omit section 9 (registration of changes in partnerships).</p></content></subsection><subsection eId="section-125-4"><num>(4)</num><content><p><mod>After section 10 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Notification of other changes in partnerships</heading><section eId="d28e18931"><num>10A</num><heading>Duty to notify registrar of other changes in partnerships</heading><subsection><num>(1)</num><content><p>The general partners in a limited partnership must give notice to the registrar of any change mentioned in subsection <ref href="#d28e18944">(2)</ref>.</p></content></subsection><subsection eId="d28e18944"><num>(2)</num><intro><p>The changes are—</p></intro><level class="para1"><num>(a)</num><intro><p>in the case of any limited partnership, changes to—</p></intro><level class="para2"><num>(i)</num><content><p>the firm name, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the address of the principal place of business of the limited partnership;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>in the case of a limited partnership that is not a private fund limited partnership, changes to—</p></intro><level class="para2" eId="d28e18974"><num>(i)</num><content><p>the general nature of the limited partnership’s business, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the term or character of the limited partnership.</p></content></level></level></subsection><subsection><num>(3)</num><content><p>The notice must specify the date on which the change occurred.</p></content></subsection><subsection eId="d28e18992"><num>(4)</num><content><p>A notice under subsection <ref href="#d28e18974">(2)(b)(i)</ref> may specify the change to the general nature of the partnership business by reference to one or more categories of any system of classifying business activities prescribed by regulations made by the Secretary of State under section 8A<ref href="#d28e15868">(2A)</ref>.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection></section><section eId="d28e19013"><num>10B</num><heading>Notification of other changes occurring before registration</heading><subsection eId="d28e19017"><num>(1)</num><content><p>The general partners in a limited partnership must give notice to the registrar if, on registration of the limited partnership, the address of the principal place of business of the limited partnership is different to that contained in the application for registration under section 8A.</p></content></subsection><subsection eId="d28e19023"><num>(2)</num><intro><p>The general partners in a limited partnership that is not a private fund limited partnership must give notice to the registrar if, on registration of the limited partnership, any of the following details are different to those contained in the application for registration under section 8A—</p></intro><level class="para1" eId="d28e19029"><num>(a)</num><content><p>the general nature of the limited partnership’s business,</p></content></level><level class="para1" eId="d28e19035"><num>(b)</num><content><p>the term of the limited partnership,</p></content></level><level class="para1" eId="d28e19041"><num>(c)</num><content><p>the amount of the capital contribution of a limited partner, or</p></content></level><level class="para1" eId="d28e19047"><num>(d)</num><content><p>the form of the capital contribution of a limited partner.</p></content></level></subsection><subsection><num>(3)</num><content><p>A notice under subsection <ref href="#d28e19017">(1)</ref> must specify the address of the principal place of business of the limited partnership.</p></content></subsection><subsection><num>(4)</num><intro><p>A notice under subsection <ref href="#d28e19029">(2)(a)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>must specify the general nature of the limited partnership’s business, and</p></content></level><level class="para1"><num>(b)</num><content><p>may do so by reference to one or more categories of any system of classifying business activities prescribed by regulations made by the Secretary of State under section 8A<ref href="#d28e15868">(2A)</ref>.</p></content></level></subsection><subsection><num>(5)</num><content><p>A notice under subsection <ref href="#d28e19035">(2)(b)</ref>, <ref href="#d28e19041">(c)</ref> or <ref href="#d28e19047">(d)</ref> must specify the details mentioned in the paragraph under which the notice is given.</p></content></subsection><subsection><num>(6)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the limited partnership was registered.</p></content></subsection></section><section><num>10C</num><heading>Failure to notify other changes in partnerships</heading><subsection><num>(1)</num><content><p>If the general partners fail to comply with section <ref href="#d28e18931">10A</ref> or <ref href="#d28e19013">10B</ref> an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(2)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(3)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity who is in default also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(5)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section><section eId="section-126"><num>126</num><heading>Confirmation statements</heading><content><p><mod>After section 10C of the Limited Partnerships Act 1907 (inserted by section 125 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Confirmation statements</heading><section eId="d28e19194"><num>10D</num><heading>Duty to deliver confirmation statements</heading><subsection eId="d28e19198"><num>(1)</num><content><p>The general partners in a limited partnership must, within the period of 14 days after each review period, deliver to the registrar a statement (a “confirmation statement”) confirming that any information required by subsection <ref href="#d28e19207">(2)</ref> is being delivered at the same time as the confirmation statement.</p></content></subsection><subsection eId="d28e19207"><num>(2)</num><intro><p>The information that must be delivered at the same time as the confirmation statement is—</p></intro><level class="para1" eId="d28e19213"><num>(a)</num><content><p>a notice of any notifiable change in respect of which a notice under section <ref href="#d28e17567">8N</ref>, 8R, 8S or <ref href="#d28e18931">10A</ref> has not been delivered,</p></content></level><level class="para1" eId="d28e19225"><num>(b)</num><intro><p>a notice under section <ref href="#d28e16160">8F</ref> if—</p></intro><level class="para2"><num>(i)</num><content><p>the limited partnership’s registered office is not at an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref> when the confirmation statement is made, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the limited partnership has not given a notice under section <ref href="#d28e16160">8F</ref> that is awaiting registration by the registrar,</p></content></level></level><level class="para1" eId="d28e19254"><num>(c)</num><intro><p>a notice under section <ref href="#d28e16700">8I</ref> if—</p></intro><level class="para2"><num>(i)</num><content><p>the limited partnership’s registered email address is not at an appropriate email address within the meaning given by section <ref href="#d28e16624">8H</ref><ref href="#d28e16634">(2)</ref> when the confirmation statement is made, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the limited partnership has not given a notice under section <ref href="#d28e16700">8I</ref> that is awaiting registration by the registrar,</p></content></level></level><level class="para1"><num>(d)</num><intro><p>a notice under section <ref href="#d28e17421">8L</ref><ref href="#d28e17425">(1)</ref> by each general partner that—</p></intro><level class="para2"><num>(i)</num><content><p>is a legal entity,</p></content></level><level class="para2"><num>(ii)</num><content><p>has a registered officer who does not meet the requirements in section <ref href="#d28e17226">8K</ref><ref href="#d28e17236">(1)(a)</ref> to <ref href="#d28e17251">(c)</ref>, and</p></content></level><level class="para2"><num>(iii)</num><content><p>has not given a notice under section <ref href="#d28e17421">8L</ref><ref href="#d28e17425">(1)</ref> that is awaiting registration by the registrar, and</p></content></level></level><level class="para1"><num>(e)</num><intro><p>if any general partner that is a legal entity has one or more corporate managing officers—</p></intro><level class="para2"><num>(i)</num><content><p>for which the named contact is not an individual who is a managing officer of the corporate managing officer, and</p></content></level><level class="para2"><num>(ii)</num><content><p>in respect of which the general partner has not given a notice under section <ref href="#d28e17421">8L</ref><ref href="#d28e17436">(2)</ref> that is awaiting registration by the registrar,</p></content></level><wrapUp><p>a notice under section <ref href="#d28e17421">8L</ref><ref href="#d28e17436">(2)</ref> by each such general partner in respect of each such corporate managing officer.</p></wrapUp></level></subsection><subsection eId="d28e19355"><num>(3)</num><intro><p>For the purposes of this section, each of the following is a review period—</p></intro><level class="para1" eId="d28e19361"><num>(a)</num><intro><p>where the limited partnership was registered before this section comes fully into force, the period—</p></intro><level class="para2"><num>(i)</num><content><p>beginning with the date of the limited partnership’s registration, and</p></content></level><level class="para2"><num>(ii)</num><content><p>ending with the period of 6 months beginning when this section comes fully into force;</p></content></level></level><level class="para1" eId="d28e19379"><num>(b)</num><content><p>where the limited partnership was registered after this section comes fully into force, the period of 12 months beginning with the date of the limited partnership’s registration;</p></content></level><level class="para1"><num>(c)</num><content><p>each period of 12 months beginning with the day after the end of the previous review period.</p></content></level></subsection><subsection><num>(4)</num><intro><p>But a review period may be shortened by the general partners—</p></intro><level class="para1"><num>(a)</num><content><p>notifying the registrar of the shortened review period, and</p></content></level><level class="para1"><num>(b)</num><content><p>delivering the confirmation statement within the period of 14 days after that shortened review period.</p></content></level></subsection><subsection><num>(5)</num><content><p>For the purpose of making a confirmation statement, the general partners in a limited partnership are entitled to assume that information that has been delivered to the registrar has been properly delivered unless the registrar has notified the limited partnership otherwise.</p></content></subsection><subsection><num>(6)</num><content><p>In this section a “<term refersTo="#term-notifiable-change">notifiable change</term>” means a change mentioned in section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref>, 8R(1), 8S(1) to (3) or <ref href="#d28e18931">10A</ref><ref href="#d28e18944">(2)</ref> that occurred during the review period.</p></content></subsection></section><section><num>10E</num><heading>Power to amend matters to be confirmed in confirmation statement</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make further provision about the matters that must be confirmed in a confirmation statement delivered under section <ref href="#d28e19194">10D</ref><ref href="#d28e19198">(1)</ref>.</p></content></subsection><subsection><num>(2)</num><intro><p>The regulations may—</p></intro><level class="para1"><num>(a)</num><content><p>amend or repeal the provisions of section <ref href="#d28e19194">10D</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>provide for exceptions from the requirements of that section as it has effect from time to time.</p></content></level></subsection><subsection><num>(3)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section><section><num>10F</num><heading>Failure to deliver confirmation statement</heading><subsection eId="d28e19486"><num>(1)</num><content><p>If the general partners fail to comply with section <ref href="#d28e19194">10D</ref><ref href="#d28e19198">(1)</ref> an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(2)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(3)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(5)</num><content><p>The contravention continues until such time as the general partners have delivered the statement required by section <ref href="#d28e19194">10D</ref><ref href="#d28e19198">(1)</ref>.</p></content></subsection><subsection><num>(6)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section><section eId="section-127"><num>127</num><heading>Confirmation statements: Scottish partnerships</heading><content><p><mod>In regulation 37 of the Scottish Partnerships (Register of People with Significant Control) Regulations 2017 (<ref eId="c00014" href="http://www.legislation.gov.uk/id/uksi/2017/694">S.I. 2017/694</ref>) (review period), for paragraphs (4) and (5) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="double"><paragraph><num>(4)</num><content><p>For the purpose of making a confirmation statement, an eligible Scottish partnership is entitled to assume that information that has been delivered to the registrar has been properly delivered unless the registrar has notified the eligible Scottish partnership otherwise.</p></content></paragraph></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-accounts"><heading>Accounts</heading><section eId="section-128"><num>128</num><heading>Power for HMRC to obtain accounts</heading><content><p><mod>After section 10F of the Limited Partnerships Act 1907 (inserted by section 126 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Power for HMRC to obtain accounts</heading><section><num>10G</num><heading>Power for HMRC to obtain accounts</heading><subsection eId="d28e19603"><num>(1)</num><intro><p>HMRC may by notice in writing require the general partners in a limited partnership to—</p></intro><level class="para1"><num>(a)</num><content><p>prepare accounts in accordance with regulations made by the Secretary of State for the purposes of this paragraph;</p></content></level><level class="para1"><num>(b)</num><intro><p>deliver those accounts to HMRC, together with—</p></intro><level class="para2"><num>(i)</num><content><p>an auditor’s report prepared in accordance with regulations made by the Secretary of State for the purposes of this sub-paragraph;</p></content></level><level class="para2"><num>(ii)</num><content><p>such supporting evidence as may be required by regulations made by the Secretary of the State for the purposes of this sub-paragraph.</p></content></level></level></subsection><subsection><num>(2)</num><intro><p>A requirement under this section may specify—</p></intro><level class="para1"><num>(a)</num><content><p>the period to which the accounts must relate;</p></content></level><level class="para1"><num>(b)</num><content><p>the form and manner in which the documents are to be delivered;</p></content></level><level class="para1" eId="d28e19651"><num>(c)</num><content><p>the period within which they are to be delivered.</p></content></level></subsection><subsection><num>(3)</num><content><p>HMRC may by notice in writing extend a period specified in a requirement under this section.</p></content></subsection><subsection eId="d28e19663"><num>(4)</num><content><p>If the general partners in a limited partnership fail to comply with a requirement under this section an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(5)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(6)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(7)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum;</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum.</p></content></level></level></subsection><subsection><num>(8)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection><num>(9)</num><content><p>In this section “<term refersTo="#term-hmrc">HMRC</term>” means the Commissioners for His Majesty’s Revenue and Customs.</p></content></subsection><subsection><num>(10)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-dissolution-winding-up-and-sequestration"><heading>Dissolution, winding up and sequestration</heading><section eId="section-129"><num>129</num><heading>Dissolution and winding up: modifications of general law</heading><subsection eId="section-129-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-129-2"><num>(2)</num><intro><p>In section 4 (definition and constitution of limited partnership)—</p></intro><level class="para1" eId="section-129-2-a"><num>(a)</num><content><p><mod>in subsection (2), after “firm” insert <quotedText>“(including debts and obligations incurred in accordance with section 38 of the Partnership Act 1890)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-129-2-b"><num>(b)</num><content><p><mod>in subsections (2A) and (2B)(b), after “firm” insert <quotedText>“(including debts or obligations incurred in accordance with section 38 of the Partnership Act 1890)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-129-2-c"><num>(c)</num><content><p><mod>in subsection (3), after “firm” insert <quotedText>“(including debts and obligations incurred in accordance with section 38 of the Partnership Act 1890)”</quotedText>.</mod></p></content></level></subsection><subsection eId="section-129-3"><num>(3)</num><intro><p>In section 6 (modifications of general law in case of limited partnerships)—</p></intro><level class="para1" eId="section-129-3-a"><num>(a)</num><content><p><mod>in subsection (1), after “firm”, in the third place it occurs, insert <quotedText>“(including debts and obligations incurred in accordance with section 38 of the Partnership Act 1890)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-129-3-b"><num>(b)</num><content><p><mod>for subsection (1A) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><content><p>Section 6A (actions by limited partners) makes provision supplementing subsection (1).</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-129-3-c"><num>(c)</num><content><p>in subsection (2) omit “or bankruptcy”;</p></content></level><level class="para1" eId="section-129-3-d"><num>(d)</num><content><p><mod>after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e19846"><num>(2A)</num><content><p>A limited partnership shall not be dissolved under section 33(1) of the Partnership Act 1890 by the bankruptcy of a partner.</p></content></subsection><subsection><num>(2B)</num><intro><p>A limited partnership is dissolved if—</p></intro><level class="para1"><num>(a)</num><content><p>it ceases to have any general partners,</p></content></level><level class="para1"><num>(b)</num><content><p>it ceases to have any limited partners, or</p></content></level><level class="para1"><num>(c)</num><content><p>each general partner is either insolvent or disqualified under the directors disqualification legislation (see section 8J(3)), irrespective of whether they became insolvent or disqualified before or after this subsection comes into force.</p></content></level></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-129-3-e"><num>(e)</num><content><p>omit subsection (3);</p></content></level><level class="para1" eId="section-129-3-f"><num>(f)</num><content><p><mod>for subsections (3A) and (3B) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e19891"><num>(3A)</num><intro><p>If a limited partnership is dissolved at a time when the partnership has at least one general partner who is—</p></intro><level class="para1"><num>(a)</num><content><p>solvent, and</p></content></level><level class="para1"><num>(b)</num><content><p>not disqualified under the directors disqualification legislation,</p></content></level><wrapUp><p>the general partners at that time who are solvent and are not so disqualified must either wind up the partnership’s affairs or take all reasonable steps to ensure that its affairs are wound up by a person who is not a partner at that time.</p></wrapUp></subsection><subsection eId="d28e19911"><num>(3B)</num><intro><p>If a limited partnership is dissolved at a time when the partnership does not have a general partner who is—</p></intro><level class="para1"><num>(a)</num><content><p>solvent, and</p></content></level><level class="para1"><num>(b)</num><content><p>not disqualified under the directors disqualification legislation,</p></content></level><wrapUp><p>the limited partners at that time who are solvent must take all reasonable steps to ensure that the partnership’s affairs are wound up by a person who is not a limited partner at that time.</p></wrapUp></subsection><subsection><num>(3BA)</num><content><p>For enforcement of the duties under subsections <ref href="#d28e19891">(3A)</ref> and <ref href="#d28e19911">(3B)</ref> see section 29.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-129-3-g"><num>(g)</num><content><p>omit subsection (3C).</p></content></level></subsection><subsection eId="section-129-4"><num>(4)</num><intro><p>In section 6A (private fund limited partnerships: actions by limited partners)—</p></intro><level class="para1" eId="section-129-4-a"><num>(a)</num><content><p>in the heading, omit “private fund limited partnerships:”;</p></content></level><level class="para1" eId="section-129-4-b"><num>(b)</num><content><p><mod>before subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>A1</num><content><p>A limited partner in a limited partnership is not to be regarded as taking part in the management of the partnership business for the purposes of section 6(1) merely because the limited partner appoints a person to wind up the limited partnership pursuant to section 6<ref href="#d28e19911">(3B)</ref>.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-129-4-c"><num>(c)</num><content><p>omit subsection (2)(b);</p></content></level><level class="para1" eId="section-129-4-d"><num>(d)</num><intro><p>in subsection (4)—</p></intro><level class="para2" eId="section-129-4-d-i"><num>(i)</num><content><p>in paragraph (a), omit “private fund”;</p></content></level><level class="para2" eId="section-129-4-d-ii"><num>(ii)</num><content><p>omit paragraph (b) and the “or” before it;</p></content></level></level><level class="para1" eId="section-129-4-e"><num>(e)</num><content><p><mod>after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><content><p>Nothing in subsections (1) to (3) affects the circumstances in which a limited partner in a limited partnership that is not a private fund limited partnership may be regarded as taking part in the management of the partnership business.</p></content></subsection></quotedStructure></mod></p></content></level></subsection></section><section eId="section-130"><num>130</num><heading>Dissolution by the court when a partner has a mental disorder</heading><subsection eId="section-130-1"><num>(1)</num><content><p><mod>In section 35 of the Partnership Act 1890 (dissolution by the Court), for paragraph (a) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(a)</num><content><p>When a partner has a mental disorder within the meaning of section 328 of the Mental Health (Care and Treatment) (Scotland) Act 2003 or section 305 of the Mental Capacity Act (Northern Ireland) 2016 (as the case may be):</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-130-2"><num>(2)</num><content><p>In section 6 of the Limited Partnerships Act 1907 (modifications of general law in case of limited partnerships), in subsection (2), omit the words from “, and” to the end.</p></content></subsection></section><section eId="section-131"><num>131</num><heading>Winding up limited partnerships on grounds of public interest</heading><content><p><mod>After section 27 of the Limited Partnerships Act 1907 (inserted by section 144 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Winding up: applications and petitions to the court</heading><section><num>28</num><heading>Winding up limited partnerships on grounds of public interest</heading><subsection eId="d28e20068"><num>(1)</num><content><p>Where it appears to the Secretary of State that it is expedient in the public interest for a limited partnership to be wound up, the Secretary of State may present a petition to the court for it to be wound up.</p></content></subsection><subsection><num>(2)</num><content><p>Where it appears to the Scottish Ministers that it is expedient in the public interest for a limited partnership registered in Scotland to be wound up, the Scottish Ministers may present a petition to the court for it to be wound up.</p></content></subsection><subsection><num>(3)</num><content><p>Where it appears to the Department for the Economy in Northern Ireland that it is expedient in the public interest for a limited partnership registered in Northern Ireland to be wound up, the Department may present a petition to the court for it to be wound up.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State must consult the Scottish Ministers before presenting a petition under subsection (1) in respect of a limited partnership registered in Scotland.</p></content></subsection><subsection><num>(5)</num><content><p>The Secretary of State must consult the Department for the Economy in Northern Ireland before presenting a petition under subsection (1) in respect of a limited partnership registered in Northern Ireland.</p></content></subsection><subsection eId="d28e20098"><num>(6)</num><content><p>If a petition is presented under this section, the court may wind up the limited partnership if the court is of the opinion that it is just and equitable for it to be wound up.</p></content></subsection><subsection><num>(7)</num><content><p>The power in subsection <ref href="#d28e20098">(6)</ref> does not limit any other power the court has in the same circumstances.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section><section eId="section-132"><num>132</num><heading>Winding up dissolved limited partnerships</heading><content><p><mod>After section 28 of the Limited Partnerships Act 1907 (inserted by section 131 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>29</num><heading>Winding up dissolved limited partnerships</heading><subsection eId="d28e20131"><num>(1)</num><intro><p>Where a limited partnership is dissolved and it appears to the court that there has been a failure to wind up the limited partnership under section 6(3A) or (3B) properly or at all, the court may make any order it considers appropriate, including an order—</p></intro><level class="para1"><num>(a)</num><content><p>for the purposes of enforcing the duty in section 6<ref href="#d28e19891">(3A)</ref> or <ref href="#d28e19911">(3B)</ref>,</p></content></level><level class="para1"><num>(b)</num><content><p>in connection with the performance of that duty, or</p></content></level><level class="para1" eId="d28e20155"><num>(c)</num><content><p>to wind up the limited partnership.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The court may make an order under subsection <ref href="#d28e20131">(1)</ref> on an application by any of the following—</p></intro><level class="para1"><num>(a)</num><content><p>the Secretary of State;</p></content></level><level class="para1"><num>(b)</num><content><p>the Scottish Ministers, but only if the limited partnership is registered in Scotland or they appear to the court to have sufficient interest for any other reason;</p></content></level><level class="para1"><num>(c)</num><content><p>the Department for the Economy in Northern Ireland, but only if the limited partnership is registered in Northern Ireland or the Department appears to the court to have sufficient interest for any other reason;</p></content></level><level class="para1"><num>(d)</num><content><p>any other person appearing to the court to have sufficient interest.</p></content></level></subsection><subsection><num>(3)</num><content><p>The Secretary of State must consult the Scottish Ministers before making an application for an order under subsection (1) in respect of a limited partnership registered in Scotland.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State must consult the Department for the Economy in Northern Ireland before making an application for an order under subsection (1) in respect of a limited partnership registered in Northern Ireland.</p></content></subsection><subsection eId="d28e20206"><num>(5)</num><content><p>The power in subsection <ref href="#d28e20131">(1)</ref> does not limit any other power the court has in the same circumstances.</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-133"><num>133</num><heading>Power to make provision about winding up</heading><content><p><mod>After section 29 of the Limited Partnerships Act 1907 (inserted by section 132 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e20229"><num>30</num><heading>Power to make provision about winding up</heading><subsection eId="d28e20233"><num>(1)</num><content><p>The Secretary of State may by regulations make provision in relation to the winding up of a limited partnership under section 28 or 29 that corresponds or is similar to any provision of the Insolvency Act 1986 or the Insolvency (Northern Ireland) Order 1989 (including any provision of that Act or Order that relates to the allocation of jurisdiction or distribution of business between courts in any part of the United Kingdom).</p></content></subsection><subsection eId="d28e20239"><num>(2)</num><intro><p>Before making regulations under subsection <ref href="#d28e20233">(1)</ref> the Secretary of State must—</p></intro><level class="para1"><num>(a)</num><content><p>obtain the consent of the Department for the Economy in Northern Ireland, so far as the regulations relate to limited partnerships registered in Northern Ireland;</p></content></level><level class="para1"><num>(b)</num><content><p>obtain the consent of the Scottish Ministers, so far as the regulations relate to limited partnerships registered in Scotland.</p></content></level></subsection><subsection><num>(3)</num><intro><p>The provision that may be made by regulations under subsection <ref href="#d28e20233">(1)</ref> by virtue of section 38(1) includes provision amending, repealing or revoking provision made by or under either of the following, whenever passed or made—</p></intro><level class="para1"><num>(a)</num><content><p>an Act;</p></content></level><level class="para1"><num>(b)</num><content><p>Northern Ireland legislation.</p></content></level></subsection><subsection><num>(4)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-134"><num>134</num><heading>Winding up of limited partnerships: concurrent proceedings</heading><subsection eId="section-134-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-134-2"><num>(2)</num><content><p><mod>In section 6 (modifications of general law in case of limited partnerships), for subsection (3D) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3D)</num><content><p>Subsections (3A) and (3B) have effect subject to any order of a court as to the winding up of the affairs of the partnership and any award of sequestration of the partnership’s estate under the Bankruptcy (Scotland) Act 2016.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-134-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e20229">30</ref> (inserted by section 133 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e20327"><num>31</num><heading>Winding up of limited partnerships: concurrent proceedings</heading><subsection eId="d28e20331"><num>(1)</num><content><p>Where a petition under section 28 in respect of a limited partnership is pending, a general partner of the limited partnership who is or becomes aware of any of the circumstances mentioned in subsection <ref href="#d28e20364">(3)</ref> must notify the court to which the petition was presented.</p></content></subsection><subsection eId="d28e20340"><num>(2)</num><intro><p>Where an application under section 29 in respect of a limited partnership is pending—</p></intro><level class="para1"><num>(a)</num><content><p>a general partner of the limited partnership who is or becomes aware any of the circumstances mentioned in subsection <ref href="#d28e20364">(3)</ref> must notify the court to which the application was made, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the application was made by a person other than the Secretary of State, the applicant must notify the court to which the application was made if the applicant is or becomes aware of any of the circumstances mentioned in subsection <ref href="#d28e20364">(3)</ref>.</p></content></level></subsection><subsection eId="d28e20364"><num>(3)</num><intro><p>The circumstances are that—</p></intro><level class="para1"><num>(a)</num><content><p>a petition for sequestration of the limited partnership’s estate under the Bankruptcy (Scotland) Act 2016 is before a sheriff,</p></content></level><level class="para1"><num>(b)</num><content><p>an application to the Accountant in Bankruptcy for sequestration of the limited partnership’s estate under that Act is pending,</p></content></level><level class="para1"><num>(c)</num><content><p>sequestration has been awarded by virtue of any such petition or application and the limited partnership’s estate is being sequestrated,</p></content></level><level class="para1"><num>(d)</num><content><p>a trust deed in respect of the limited partnership’s estate has been sent to the Accountant in Bankruptcy for registration under that Act and the registration has not been refused,</p></content></level><level class="para1"><num>(e)</num><content><p>a protected trust deed (within the meaning of that Act) is in force in respect of the limited partnership’s estate,</p></content></level><level class="para1"><num>(f)</num><content><p>an application by the limited partnership for approval of a debt payment programme under the Debt Arrangement and Attachment (Scotland) Act 2002 is pending, or</p></content></level><level class="para1"><num>(g)</num><content><p>such a programme has been approved under that Act and has not been completed.</p></content></level></subsection><subsection><num>(4)</num><content><p>A person is not required to notify the court of circumstances under subsection <ref href="#d28e20331">(1)</ref> or <ref href="#d28e20340">(2)</ref> if another person has notified the court of those circumstances.</p></content></subsection><subsection><num>(5)</num><intro><p>If a person fails to comply with subsection <ref href="#d28e20331">(1)</ref> or <ref href="#d28e20340">(2)</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the person, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the person is a legal entity, any of its managing officers who is in default.</p></content></level></subsection><subsection><num>(6)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(7)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e20475"><num>(8)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(9)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e20475">(8)</ref>).</p></content></subsection><subsection><num>(10)</num><content><p>For the purposes of this section a petition or application is “pending” if it has been presented or made and it has not fallen, been withdrawn or been determined.</p></content></subsection></section><section><num>32</num><heading>Power to amend circumstances for notification under section <ref href="#d28e20327">31</ref></heading><subsection eId="d28e20505"><num>(1)</num><content><p>The Secretary of State or the Scottish Ministers may by regulations amend the list in section <ref href="#d28e20327">31</ref><ref href="#d28e20364">(3)</ref>.</p></content></subsection><subsection><num>(2)</num><content><p>Before making regulations under subsection <ref href="#d28e20505">(1)</ref> the Secretary of State must obtain the consent of the Scottish Ministers.</p></content></subsection><subsection><num>(3)</num><content><p>Regulations made by the Secretary of State under subsection <ref href="#d28e20505">(1)</ref> are subject to the affirmative resolution procedure.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations made by the Scottish Ministers under subsection <ref href="#d28e20505">(1)</ref> are subject to the affirmative procedure (see Part 2 of the Interpretation and Legislative Reform (Scotland) Act <ref eId="c00015" href="http://www.legislation.gov.uk/id/asp/2010/10">2010 (asp 10)</ref>).</p></content></subsection></section></quotedStructure></mod></p></content></subsection></section><section eId="section-135"><num>135</num><heading>Sequestration of limited partnerships: concurrent winding up proceedings</heading><subsection eId="section-135-1"><num>(1)</num><content><p>The Bankruptcy (Scotland) Act 2016 is amended as follows.</p></content></subsection><subsection eId="section-135-2"><num>(2)</num><intro><p>In section 17 (concurrent proceedings for sequestration or analogous remedy)—</p></intro><level class="para1" eId="section-135-2-a"><num>(a)</num><content><p><mod>in subsection (2)(b), after “awarded” insert <quotedText>“and the debtor’s estate is being sequestrated”</quotedText>;</mod></p></content></level><level class="para1" eId="section-135-2-b"><num>(b)</num><intro><p>in subsection (2)(c)—</p></intro><level class="para2" eId="section-135-2-b-i"><num>(i)</num><content><p>omit “has been made”;</p></content></level><level class="para2" eId="section-135-2-b-ii"><num>(ii)</num><content><p><mod>after “estate” insert <quotedText>“is pending”</quotedText>;</mod></p></content></level></level><level class="para1" eId="section-135-2-c"><num>(c)</num><content><p><mod>in subsection (2)(d), after “application” insert <quotedText>“and the debtor’s estate is being sequestrated”</quotedText>;</mod></p></content></level><level class="para1" eId="section-135-2-d"><num>(d)</num><content><p><mod>in subsection (2)(g), after “under” insert <quotedText>“section 28 of the Limited Partnerships Act 1907,”</quotedText>;</mod></p></content></level><level class="para1" eId="section-135-2-e"><num>(e)</num><content><p><mod>after subsection (2)(g) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ga)</num><content><p>such a petition has been granted,</p></content></level><level class="para1"><num>(gb)</num><content><p>an application in respect of the debtor is before a court under section 29 of the Limited Partnerships Act 1907,</p></content></level><level class="para1"><num>(gc)</num><content><p>such an application has been granted,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-135-2-f"><num>(f)</num><content><p><mod>after subsection (7) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7A)</num><content><p>For the purposes of subsection (2)(c), a debtor application is “pending” if it has been made and has not fallen, been withdrawn or been determined.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-135-3"><num>(3)</num><intro><p>In section 18 (powers in relation to concurrent proceedings)—</p></intro><level class="para1" eId="section-135-3-a"><num>(a)</num><content><p><mod>in subsection (1), for “(g)” substitute <quotedText>“(gc)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-135-3-b"><num>(b)</num><content><p><mod>in subsection (2), for “or (g)” substitute <quotedText>“, (g), (ga), (gb) or (gc)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-135-3-c"><num>(c)</num><content><p><mod>in subsection (8), for “(g)” substitute <quotedText>“(gc)”</quotedText>.</mod></p></content></level></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-the-register-of-limited-partnerships"><heading>The register of limited partnerships</heading><section eId="section-136"><num>136</num><heading>The register of limited partnerships</heading><subsection eId="section-136-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-136-2"><num>(2)</num><content><p><mod>In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-the-register-of-limited-partnerships">the register of limited partnerships</term>” means the records kept by the registrar under section 1080 of the Companies Act 2006 relating to limited partnerships;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-136-3"><num>(3)</num><content><p>Omit sections 13 and 14.</p></content></subsection><subsection eId="section-136-4"><num>(4)</num><content><p><mod>For section 16 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>The register of limited partnerships</heading><section><num>16</num><heading>Inspection and copies of the register of limited partnerships</heading><subsection><num>(1)</num><intro><p>Any person may—</p></intro><level class="para1"><num>(a)</num><content><p>inspect the register of limited partnerships;</p></content></level><level class="para1"><num>(b)</num><content><p>require a copy of any material on the register of limited partnerships that is available for inspection.</p></content></level></subsection><subsection><num>(2)</num><content><p>The right of inspection extends to the originals of documents delivered to the registrar in hard copy form if, and only if, the record kept by the registrar of the contents of the document is illegible or unavailable (see section 1083(1) of the Companies Act 2006 for provision about the retention of hard copies by the registrar).</p></content></subsection><subsection><num>(3)</num><content><p>The registrar may specify the form and manner in which an application is to be made for inspection or a copy.</p></content></subsection><subsection><num>(4)</num><content><p>The registrar may determine the form and manner in which the copies are to be provided.</p></content></subsection><subsection><num>(5)</num><content><p>Section 1091 of the Companies Act 2006 (certification of copies), and any regulations made under it, apply in relation to copies provided under this section as they apply in relation to the copies provided as mentioned in that section.</p></content></subsection><subsection><num>(6)</num><content><p>This section has effect subject to section <ref href="#d28e20818">16A</ref> and <ref href="#d28e21062">16B</ref>.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section><section eId="section-137"><num>137</num><heading>Material not available for public inspection</heading><subsection eId="section-137-1"><num>(1)</num><content><p><mod>After section 16 of the Limited Partnerships Act 1907 (inserted by section 136 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e20818"><num>16A</num><heading>Material not available for public inspection</heading><subsection eId="d28e20822"><num>(1)</num><intro><p>The registrar must not make the following material available for public inspection, so far as it forms part of the register of limited partnerships—</p></intro><level class="para1" eId="d28e20828"><num>(a)</num><content><p>any application or other document delivered to the registrar under section 8G, 8Q or 8W (changes of addresses by registrar) other than an order or direction of the court;</p></content></level><level class="para1" eId="d28e20834"><num>(b)</num><intro><p>so much of any document delivered to the registrar as is required to contain—</p></intro><level class="para2"><num>(i)</num><content><p>a limited partnership’s registered email address,</p></content></level><level class="para2"><num>(ii)</num><content><p>the email address of the named contact for a general partner’s managing officer,</p></content></level><level class="para2"><num>(iii)</num><content><p>protected date of birth information, or</p></content></level><level class="para2"><num>(iv)</num><content><p>protected residential address information;</p></content></level></level><level class="para1"><num>(c)</num><content><p>so much of any statement delivered to the registrar under any of the following provisions as is required to confirm that an individual is an individual whose identity is verified (within the meaning of section 1110A of the Companies Act 2006)—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 8A(1F)(b);</p></item><item><p>section 8L(3)(a) or (b);</p></item><item><p>section 8R(7)(b);</p></item></blockList></content></level><level class="para1"><num>(d)</num><content><p>any statement delivered to the registrar by virtue of section 33(3) (documents to be delivered by authorised corporate service providers);</p></content></level><level class="para1"><num>(e)</num><content><p>any statement or other document delivered to the registrar by virtue of section 1067A of the Companies Act 2006 (delivery of documents: identity verification and authorised corporate service providers);</p></content></level><level class="para1"><num>(f)</num><content><p>any statement made in accordance with regulations made by virtue of section 1082(2)(c) of the Companies Act 2006 (statement of unique identifier);</p></content></level><level class="para1" eId="d28e20901"><num>(g)</num><content><p>any document provided to the registrar under section <ref href="#d28e11932">1092A</ref> of the Companies Act 2006 (power to require further information);</p></content></level><level class="para1" eId="d28e20910"><num>(h)</num><content><p>any record of the information contained in a document or part of a document that is unavailable because of any of the previous paragraphs of this subsection;</p></content></level><level class="para1" eId="d28e20916"><num>(i)</num><content><p>any e-mail address, identification code or password deriving from a document delivered for the purpose of authorising or facilitating electronic filing procedures or providing information by telephone;</p></content></level><level class="para1"><num>(j)</num><content><p>any other material excluded from public inspection by or under any other enactment.</p></content></level></subsection><subsection eId="d28e20928"><num>(2)</num><content><p>The registrar need not retain material to which subsection <ref href="#d28e20822">(1)</ref> applies for longer than appears to the registrar reasonably necessary for the purposes for which the material was delivered to the registrar.</p></content></subsection><subsection eId="d28e20937"><num>(3)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-protected-date-of-birth-information">protected date of birth information</term>” means information as to the day of the month (but not the month or year) on which—</p></intro><level class="para1"><num>(a)</num><content><p>a partner was born, or</p></content></level><level class="para1"><num>(b)</num><content><p>a general partner’s registered officer was born;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-protected-residential-address-information">protected residential address information</term>” means information as to the usual residential address of—</p></intro><level class="para1"><num>(a)</num><content><p>a partner,</p></content></level><level class="para1"><num>(b)</num><content><p>a general partner’s registered officer, or</p></content></level><level class="para1"><num>(c)</num><content><p>the named contact for a general partner’s managing officer.</p></content></level></hcontainer></subsection><subsection><num>(4)</num><content><p>Information about a partner, registered officer or named contact does not cease to be protected date of birth information or protected residential address information when they cease to be a partner, registered officer or named contact.</p></content></subsection><subsection eId="d28e20986"><num>(5)</num><content><p>The restrictions on making information available for public inspection imposed by subsection <ref href="#d28e20910">(1)(h)</ref> and <ref href="#d28e20916">(i)</ref> do not affect the availability for public inspection of the same information contained in material derived from another description of document (or part of a document) in relation to which the relevant restriction does not apply.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “registered officer” and “named contact” have the meanings given by section <ref href="#d28e17226">8K</ref><ref href="#d28e17281">(4)</ref> and <ref href="#d28e17335">(5)</ref>.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-137-2"><num>(2)</num><content><p><mod>In section 1083 of the Companies Act 2006 (preservation of original documents), in subsection (1), for the second sentence substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><p>This is subject to—</p><level class="para1"><num>(a)</num><content><p>section 1087(3) (extent of obligation to retain material not available for public inspection);</p></content></level><level class="para1"><num>(b)</num><content><p>section <ref href="#d28e20818">16A</ref><ref href="#d28e20928">(2)</ref> of the Limited Partnerships Act 1907 (extent of obligation to retain material not available for public inspection);</p></content></level><level class="para1"><num>(c)</num><content><p>section 22(5) of the Economic Crime (Transparency and Enforcement) Act 2022 (extent of obligation to retain material not available for public inspection).</p></content></level></quotedStructure></mod></p></content></subsection></section><section eId="section-138"><num>138</num><heading>Records relating to dissolved or deregistered limited partnerships</heading><content><p><mod>After section <ref href="#d28e20818">16A</ref> of the Limited Partnerships Act 1907 (inserted by section 137 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e21062"><num>16B</num><heading>Records relating to dissolved or deregistered limited partnerships</heading><subsection><num>(1)</num><content><p>This section applies where a limited partnership is dissolved or deregistered under section 26.</p></content></subsection><subsection><num>(2)</num><content><p>The registrar need not make any information contained in records relating to the limited partnership available for public inspection at any time after the end of the period of 20 years beginning with the date on which the limited partnership is dissolved or deregistered.</p></content></subsection><subsection eId="d28e21078"><num>(3)</num><content><p>The registrar of companies for England and Wales may, at any time after the period of two years beginning with the date on which the limited partnership is dissolved or deregistered, direct that any records relating to the limited partnership that are held by the registrar are to be removed to the Public Record Office.</p></content></subsection><subsection eId="d28e21084"><num>(4)</num><content><p>The registrar of companies for Northern Ireland may, at any time after the period of two years beginning with the date on which the limited partnership is dissolved or deregistered, direct that any records relating to the limited partnership that are held by the registrar are to be removed to the Public Record Office of Northern Ireland.</p></content></subsection><subsection><num>(5)</num><content><p>Records in respect of which a direction is given under subsection <ref href="#d28e21078">(3)</ref> or <ref href="#d28e21084">(4)</ref> are to be disposed of under the enactments relating to the Public Record Office or, as the case may be, the Public Record Office of Northern Ireland.</p></content></subsection></section></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-disclosure-of-information"><heading>Disclosure of information</heading><section eId="section-139"><num>139</num><heading>Disclosure of information about partners</heading><subsection eId="section-139-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-139-2"><num>(2)</num><content><p><mod>After section <ref href="#d28e21062">16B</ref> of the Limited Partnerships Act 1907 (inserted by section 138 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Restriction on disclosure of information by registrar</heading><section><num>16C</num><heading>Restriction on disclosure of information by registrar</heading><subsection><num>(1)</num><intro><p>The registrar must not disclose protected date of birth information or protected residential address information except—</p></intro><level class="para1"><num>(a)</num><content><p>in accordance with subsection <ref href="#d28e21175">(2)</ref> or <ref href="#d28e21186">(3)</ref>,</p></content></level><level class="para1"><num>(b)</num><content><p>in accordance with section <ref href="#d28e21442">16E</ref> (disclosure of protected residential address information under court order), or</p></content></level><level class="para1"><num>(c)</num><content><p>as permitted by section <ref href="#d28e13362">1110F</ref> of the Companies Act 2006 (general powers of disclosure by the registrar).</p></content></level></subsection><subsection eId="d28e21175"><num>(2)</num><content><p>The registrar may disclose protected date of birth information or protected residential address information if the same information is required to be made available for public inspection as a result of being contained in a document, part of a document or record to which section <ref href="#d28e20818">16A</ref><ref href="#d28e20822">(1)</ref> does not apply.</p></content></subsection><subsection eId="d28e21186"><num>(3)</num><content><p>The registrar may disclose protected date of birth information or protected residential address information to a credit reference agency.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State may make provision by regulations specifying conditions for the disclosure of protected date of birth information or protected residential address information in accordance with subsection <ref href="#d28e21186">(3)</ref>.</p></content></subsection><subsection eId="d28e21201"><num>(5)</num><content><p>The Secretary of State may make provision by regulations requiring the registrar, on application, to refrain from disclosing protected date of birth information or protected residential address information to a credit reference agency.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under subsection <ref href="#d28e21201">(5)</ref> may make provision of the kind referred to in section 243(5) to (6A) of the Companies Act 2006.</p></content></subsection><subsection><num>(7)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-credit-reference-agency">credit reference agency</term>” means a person carrying on a business comprising the provision of information relevant to the financial standing of individuals, being information collected by the agency for that purpose;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-date-of-birth-information">protected date of birth information</term>” has the meaning given by section <ref href="#d28e20818">16A</ref><ref href="#d28e20937">(3)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-residential-address-information">protected residential address information</term>” has the meaning given by section <ref href="#d28e20818">16A</ref><ref href="#d28e20937">(3)</ref>.</p></content></hcontainer></subsection><subsection><num>(8)</num><content><p>Regulations under this section are subject to the negative resolution procedure.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Restriction on use or disclosure of information by partners</heading><section><num>16D</num><heading>Restriction on use or disclosure of information by partners</heading><subsection eId="d28e21270"><num>(1)</num><intro><p>A limited partner must not—</p></intro><level class="para1"><num>(a)</num><content><p>use or disclose protected residential address information, except for communicating with the individual concerned, or</p></content></level><level class="para1"><num>(b)</num><content><p>use or disclose protected date of birth information.</p></content></level></subsection><subsection eId="d28e21288"><num>(2)</num><intro><p>A general partner must not use or disclose protected residential address information, except—</p></intro><level class="para1"><num>(a)</num><content><p>for communicating with the individual concerned,</p></content></level><level class="para1"><num>(b)</num><content><p>in order to comply with any requirement of this Act as to information to be sent to the registrar, or</p></content></level><level class="para1"><num>(c)</num><content><p>in accordance with section <ref href="#d28e21442">16E</ref> (disclosure of residential address information under court order).</p></content></level></subsection><subsection eId="d28e21315"><num>(3)</num><content><p>A general partner must not use or disclose protected date of birth information except in order to comply with any requirement of this Act as to information to be sent to the registrar.</p></content></subsection><subsection><num>(4)</num><content><p>Subsections <ref href="#d28e21270">(1)</ref>, <ref href="#d28e21288">(2)</ref> and <ref href="#d28e21315">(3)</ref> do not prohibit any use or disclosure of protected date of birth information or protected residential address information with the consent of the individual concerned.</p></content></subsection><subsection><num>(5)</num><intro><p>If a partner uses or discloses information in contravention of subsection <ref href="#d28e21270">(1)</ref>, <ref href="#d28e21288">(2)</ref> or <ref href="#d28e21315">(3)</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the partner, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the partner is a legal entity, any of its managing officers who is in default.</p></content></level></subsection><subsection><num>(6)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(7)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e21390"><num>(8)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(9)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e21390">(8)</ref>).</p></content></subsection><subsection><num>(10)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-date-of-birth-information">protected date of birth information</term>” has the meaning given by section <ref href="#d28e20818">16A</ref><ref href="#d28e20937">(3)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-residential-address-information">protected residential address information</term>” has the meaning given by section <ref href="#d28e20818">16A</ref><ref href="#d28e20937">(3)</ref>.</p></content></hcontainer></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Disclosure of protected residential address information under court order</heading><section eId="d28e21442"><num>16E</num><heading>Disclosure of protected residential address information under court order</heading><subsection><num>(1)</num><intro><p>The court may make an order for the disclosure of protected residential address information by the appropriate limited partnership or by the registrar if—</p></intro><level class="para1"><num>(a)</num><content><p>there is evidence that service of documents at a service address other than the individual’s usual residential address is not effective to bring them to the notice of the individual, or</p></content></level><level class="para1"><num>(b)</num><content><p>it is necessary or expedient for the information to be provided in connection with the enforcement of an order or decree of the court,</p></content></level><wrapUp><p>and the court is otherwise satisfied that it is appropriate to make the order.</p></wrapUp></subsection><subsection><num>(2)</num><intro><p>An order for disclosure by the registrar may be made only if—</p></intro><level class="para1"><num>(a)</num><content><p>the appropriate limited partnership does not have the protected residential address information, or</p></content></level><level class="para1"><num>(b)</num><content><p>the appropriate limited partnership was dissolved.</p></content></level></subsection><subsection><num>(3)</num><content><p>The order may be made on the application of a liquidator, creditor or partner of the appropriate limited partnership, or any other person appearing to the court to have a sufficient interest.</p></content></subsection><subsection><num>(4)</num><content><p>The order must specify the persons to whom, and purposes for which, disclosure is authorised.</p></content></subsection><subsection><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><intro><p>“appropriate limited partnership” —</p></intro><level class="para1"><num>(a)</num><content><p>in relation to protected residential address information about a partner in a limited partnership means that limited partnership;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to protected residential address information about a registered officer of a general partner in a limited partnership means that limited partnership;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to protected residential address information about a named contact for the managing officer of a general partner in a limited partnership means that limited partnership;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-named-contact">named contact</term>” has the meaning given by section <ref href="#d28e17226">8K</ref><ref href="#d28e17335">(5)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-residential-address-information">protected residential address information</term>” has the meaning given by section <ref href="#d28e20818">16A</ref><ref href="#d28e20937">(3)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-officer">registered officer</term>” has the meaning given by section <ref href="#d28e17226">8K</ref><ref href="#d28e17281">(4)</ref>.</p></content></hcontainer></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-139-3"><num>(3)</num><content><p><mod>In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-the-court">the court</term>” has the same meaning as in the Companies Acts (see section 1156 of the Companies Act 2006);</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-the-registrars-role-relating-to-dissolution-revival-and-deregistration"><heading>The registrar's role relating to dissolution, revival and deregistration</heading><section eId="section-140"><num>140</num><heading>Duty to notify registrar of dissolution</heading><content><p><mod>After section 17 of the Limited Partnerships Act 1907 (power of board of trade to make rules) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Dissolution, revival and deregistration</heading><section><num>18</num><heading>Duty to notify registrar of dissolution</heading><subsection eId="d28e21597"><num>(1)</num><content><p>A person who is a general partner in a limited partnership at a time when it is dissolved must notify the registrar of the dissolution within the period of 14 days beginning with the day on which the person becomes aware of its dissolution.</p></content></subsection><subsection eId="d28e21603"><num>(2)</num><content><p>A person who is a limited partner in a limited partnership at a time when it is dissolved must, if there are no general partners at that time, notify the registrar of the dissolution within the period of 14 days beginning with the day on which the person becomes aware of its dissolution.</p></content></subsection><subsection><num>(3)</num><intro><p>But no notice is required under subsection <ref href="#d28e21597">(1)</ref> or <ref href="#d28e21603">(2)</ref> if—</p></intro><level class="para1"><num>(a)</num><content><p>the limited partnership is dissolved under section 19(6) (dissolution on publication of notice in Gazette),</p></content></level><level class="para1"><num>(b)</num><content><p>another person has notified the registrar of the dissolution under subsection <ref href="#d28e21597">(1)</ref> or <ref href="#d28e21603">(2)</ref>, or</p></content></level><level class="para1"><num>(c)</num><content><p>a dissolution notice under section 19 is published before the end of the period of 14 days mentioned in subsection <ref href="#d28e21597">(1)</ref> or <ref href="#d28e21603">(2)</ref>.</p></content></level></subsection><subsection><num>(4)</num><intro><p>If a person fails to comply with subsection <ref href="#d28e21597">(1)</ref> or <ref href="#d28e21603">(2)</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the person, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the person is a legal entity, any of its managing officers who is in default.</p></content></level></subsection><subsection><num>(5)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(6)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e21702"><num>(7)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(8)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e21702">(7)</ref>).</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section><section eId="section-141"><num>141</num><heading>Registrar’s power to confirm dissolution of limited partnership</heading><subsection eId="section-141-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-141-2"><num>(2)</num><content><p><mod>After section 18 of the Limited Partnerships Act 1907 (inserted by section 140 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e21741"><num>19</num><heading>Registrar’s power to confirm dissolution of limited partnership</heading><subsection eId="d28e21745"><num>(1)</num><content><p>If the registrar has reasonable cause to believe that a limited partnership has been dissolved, the registrar may publish a notice in the Gazette (a “dissolution notice”) stating that fact.</p></content></subsection><subsection eId="d28e21751"><num>(2)</num><intro><p>Where the registrar proposes to publish a dissolution notice, the registrar must first publish in the Gazette a notice (a “warning notice”)—</p></intro><level class="para1"><num>(a)</num><content><p>explaining the registrar’s proposal and its effect (see subsection <ref href="#d28e21829">(6)</ref>), and</p></content></level><level class="para1"><num>(b)</num><content><p>inviting any person to make representations about the registrar’s proposal.</p></content></level></subsection><subsection eId="d28e21772"><num>(3)</num><intro><p>The registrar must send a copy of the warning notice to—</p></intro><level class="para1"><num>(a)</num><content><p>the registered office of the limited partnership, and</p></content></level><level class="para1"><num>(b)</num><content><p>at least one person who appears in the register of limited partnerships as a general partner in the limited partnership (if there are any).</p></content></level></subsection><subsection eId="d28e21790"><num>(4)</num><content><p>The registrar may not publish a dissolution notice until after the end of the period of two months beginning with the first day on which the registrar has complied with subsection <ref href="#d28e21751">(2)</ref> and subsection <ref href="#d28e21772">(3)</ref>.</p></content></subsection><subsection><num>(5)</num><intro><p>The dissolution notice must—</p></intro><level class="para1"><num>(a)</num><content><p>state the firm name of the limited partnership,</p></content></level><level class="para1"><num>(b)</num><content><p>state the limited partnership’s registration number, and</p></content></level><level class="para1"><num>(c)</num><content><p>explain the effect of the publication of the notice (see subsection <ref href="#d28e21829">(6)</ref>).</p></content></level></subsection><subsection eId="d28e21829"><num>(6)</num><content><p>On the publication of a dissolution notice, the limited partnership to which it relates is dissolved if it was not already dissolved.</p></content></subsection><subsection><num>(7)</num><intro><p>For the purposes of subsection <ref href="#d28e21772">(3)</ref>, a person “appears in the register of limited partnerships as a general partner in the limited partnership” if—</p></intro><level class="para1"><num>(a)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>the person was named as a proposed general partner in the application for registration of the limited partnership under section 8A, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the general partners have given the registrar notice under section 8R that the person has become a general partner in the limited partnership, and</p></content></level></level><level class="para1"><num>(b)</num><intro><p>the general partners have not since—</p></intro><level class="para2"><num>(i)</num><content><p>given the registrar notice under section 8R that the person has ceased to be a general partner in the limited partnership, or</p></content></level><level class="para2"><num>(ii)</num><content><p>given the registrar notice under section 8T that the person did not become a general partner on registration of the limited partnership.</p></content></level></level></subsection></section><section eId="d28e21883"><num>20</num><heading>Administrative revival</heading><subsection><num>(1)</num><content><p>On an application under this section the registrar must revive a limited partnership if the registrar is satisfied that the following conditions are met.</p></content></subsection><subsection eId="d28e21893"><num>(2)</num><content><p>Condition 1 is that the limited partnership was dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref> (dissolution on publication of notice in Gazette).</p></content></subsection><subsection eId="d28e21904"><num>(3)</num><content><p>Condition 2 is that the applicant has delivered to the registrar such documents as are necessary to ensure that, if the limited partnership is revived, the records kept by the registrar relating to the limited partnership will be up to date.</p></content></subsection><subsection eId="d28e21910"><num>(4)</num><intro><p>Condition 3 is that each relevant person has paid any outstanding fines or financial penalties imposed on them in respect of an offence—</p></intro><level class="para1"><num>(a)</num><content><p>under this Act, or</p></content></level><level class="para1"><num>(b)</num><content><p>by virtue of regulations made under section <ref href="#d28e23060">7A</ref> of this Act,</p></content></level><wrapUp><p>relating to the limited partnership.</p></wrapUp></subsection><subsection eId="d28e21933"><num>(5)</num><content><p>An application under this section may only be made by a person who was a general partner in the limited partnership immediately before it was dissolved.</p></content></subsection><subsection eId="d28e21939"><num>(6)</num><intro><p>The application must include a statement that—</p></intro><level class="para1"><num>(a)</num><content><p>the conditions in subsections <ref href="#d28e21893">(2)</ref>, <ref href="#d28e21904">(3)</ref> and <ref href="#d28e21910">(4)</ref> are met, and</p></content></level><level class="para1"><num>(b)</num><content><p>the applicant is a person mentioned in subsection <ref href="#d28e21933">(5)</ref>.</p></content></level></subsection><subsection eId="d28e21969"><num>(7)</num><content><p>An application under this section may not be made after the end of the period of six years beginning with the date on which the limited partnership was dissolved.</p></content></subsection><subsection><num>(8)</num><content><p>For the purpose of subsection <ref href="#d28e21969">(7)</ref> an application is made when it is received by the registrar.</p></content></subsection><subsection><num>(9)</num><intro><p>In subsection <ref href="#d28e21910">(4)</ref> “<term refersTo="#term-relevant-person">relevant person</term>” means—</p></intro><level class="para1" eId="d28e21996"><num>(a)</num><content><p>the applicant,</p></content></level><level class="para1" eId="d28e22002"><num>(b)</num><intro><p>any person who—</p></intro><level class="para2"><num>(i)</num><content><p>was a general partner in the limited partnership immediately before it was dissolved, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if the limited partnership is revived, will be a general partner in the limited partnership immediately after its revival, or</p></content></level></level><level class="para1"><num>(c)</num><intro><p>any person who is a managing officer of a legal entity where the legal entity is—</p></intro><level class="para2"><num>(i)</num><content><p>a person mentioned in paragraph <ref href="#d28e21996">(a)</ref> or <ref href="#d28e22002">(b)</ref>, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a person falling within this paragraph.</p></content></level></level></subsection></section><section><num>21</num><heading>Registrar’s decision on application for administrative revival</heading><subsection><num>(1)</num><content><p>The registrar must give notice to the applicant of the decision on an application under section <ref href="#d28e21883">20</ref>.</p></content></subsection><subsection><num>(2)</num><content><p>If the limited partnership is revived, the revival takes effect on the date that the notice is sent.</p></content></subsection><subsection><num>(3)</num><intro><p>If the limited partnership is revived the registrar must—</p></intro><level class="para1"><num>(a)</num><content><p>enter on the register of limited partnerships a note of the date on which the revival of the limited partnership takes effect, and</p></content></level><level class="para1" eId="d28e22078"><num>(b)</num><content><p>cause notice of the revival to be published in the Gazette.</p></content></level></subsection><subsection><num>(4)</num><content><p>Notes entered on the register of limited partnerships in accordance with subsection (3)(a) are part of the register of limited partnerships.</p></content></subsection><subsection><num>(5)</num><intro><p>The notice under subsection <ref href="#d28e22078">(3)(b)</ref> must state—</p></intro><level class="para1"><num>(a)</num><content><p>the limited partnership’s name (which must be the name that it had before it was dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>),</p></content></level><level class="para1"><num>(b)</num><content><p>the limited partnership’s registration number, and</p></content></level><level class="para1"><num>(c)</num><content><p>the date on which the revival of the limited partnership takes effect.</p></content></level></subsection></section><section><num>22</num><heading>Effect of administrative revival</heading><subsection><num>(1)</num><content><p>The general effect of administrative revival is that the limited partnership is to be treated as having continued in existence as if it had not been dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>.</p></content></subsection><subsection><num>(2)</num><content><p>The court may give such directions and make such provision as seems just for placing the limited partnership and all other persons in the same position (as nearly as may be) as if the limited partnership had not been dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>.</p></content></subsection><subsection eId="d28e22151"><num>(3)</num><content><p>An application to the court for such directions or provision may be made at any time within the period of three years beginning with the date on which the revival of the limited partnership took effect.</p></content></subsection></section><section eId="d28e22160"><num>23</num><heading>Application to court for revival</heading><subsection><num>(1)</num><content><p>An application may be made to the court to revive a limited partnership that has been dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref> (dissolution on publication of notice in Gazette).</p></content></subsection><subsection><num>(2)</num><intro><p>An application under this section may be made by—</p></intro><level class="para1"><num>(a)</num><content><p>the Secretary of State,</p></content></level><level class="para1"><num>(b)</num><content><p>a person who was a partner in the limited partnership immediately before it was dissolved, or</p></content></level><level class="para1"><num>(c)</num><content><p>any other person appearing to the court to have an interest in the matter.</p></content></level></subsection><subsection><num>(3)</num><intro><p>An application to the court for the revival of a limited partnership may only be made—</p></intro><level class="para1"><num>(a)</num><content><p>within the period of six years beginning with the date on which the limited partnership was dissolved, or</p></content></level><level class="para1"><num>(b)</num><content><p>where the applicant made an application under section <ref href="#d28e21883">20</ref> that was refused, within the period of 28 days beginning with the date on which notice of the registrar’s decision was sent by the registrar to the applicant.</p></content></level></subsection></section><section><num>24</num><heading>Decision on application for revival by the court</heading><subsection><num>(1)</num><content><p>If, on an application under section <ref href="#d28e22160">23</ref>, the court orders revival of the limited partnership, the revival takes effect on a copy of the court’s order being delivered to the registrar.</p></content></subsection><subsection><num>(2)</num><content><p>The registrar must publish a notice in the Gazette of the revival of the limited partnership.</p></content></subsection><subsection><num>(3)</num><intro><p>The notice must state—</p></intro><level class="para1"><num>(a)</num><content><p>the limited partnership’s name (which must be the name that it had before it was dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>),</p></content></level><level class="para1"><num>(b)</num><content><p>the limited partnership’s registration number, and</p></content></level><level class="para1"><num>(c)</num><content><p>the date on which the revival of the limited partnership takes effect.</p></content></level></subsection></section><section><num>25</num><heading>Effect of court order for revival</heading><subsection><num>(1)</num><content><p>The general effect of an order by the court for revival is that the limited partnership is to be treated as having continued in existence as a limited partnership as if it had not been dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>.</p></content></subsection><subsection><num>(2)</num><content><p>The court may give such directions and make such provision as seems just for placing the limited partnership and all other persons in the same position (as nearly as may be) as if the limited partnership had not been dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>.</p></content></subsection><subsection><num>(3)</num><intro><p>The court may also give directions as to—</p></intro><level class="para1"><num>(a)</num><content><p>the delivery to the registrar of such documents relating to the limited partnership as are necessary to bring up to date the records kept by the registrar, or</p></content></level><level class="para1"><num>(b)</num><content><p>the payment of the costs (in Scotland, expenses) of the registrar in connection with the proceedings for the revival of the limited partnership.</p></content></level></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-141-3"><num>(3)</num><content><p><mod>In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“<term refersTo="#term-the-gazette">the Gazette</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>as respects limited partnerships registered in England and Wales, the London Gazette,</p></content></level><level class="para1"><num>(b)</num><content><p>as respects limited partnerships registered in Scotland, the Edinburgh Gazette, and</p></content></level><level class="para1"><num>(c)</num><content><p>as respects limited partnerships registered in Northern Ireland, the Belfast Gazette;</p></content></level></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-141-4"><num>(4)</num><content><p>In section 10 (advertisement in Gazette), omit subsection (2).</p></content></subsection></section><section eId="section-142"><num>142</num><heading>Registrar’s power to confirm dissolution: transitional provision</heading><content><p>If the registrar exercises the power in section <ref href="#d28e21741">19</ref><ref href="#section-141-1">(1)</ref> of the Limited Partnerships Act 1907 (power to confirm dissolution of limited partnership) during the period of 6 months beginning when section 141<ref href="#section-141-2">(2)</ref> of this Act comes fully into force, subsections <ref href="#d28e21751">(2)</ref> to <ref href="#d28e21790">(4)</ref> of section <ref href="#d28e21741">19</ref> of the Limited Partnerships Act 1907 (publication of warning notice) do not apply.</p></content></section><section eId="section-143"><num>143</num><heading>Voluntary deregistration of limited partnership</heading><content><p><mod>After section 25 of the Limited Partnerships Act 1907 (inserted by section 141 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>26</num><heading>Voluntary deregistration of limited partnership</heading><subsection><num>(1)</num><content><p>The registrar must deregister a limited partnership if a statement is delivered to the registrar which is authenticated by or on behalf of each partner confirming that they want the limited partnership to be deregistered.</p></content></subsection><subsection><num>(2)</num><content><p>The registrar deregisters the limited partnership by publishing a notice in the Gazette of the limited partnership’s deregistration (a “deregistration notice”).</p></content></subsection><subsection><num>(3)</num><intro><p>The deregistration notice must state—</p></intro><level class="para1"><num>(a)</num><content><p>the firm name of the limited partnership, and</p></content></level><level class="para1"><num>(b)</num><content><p>the limited partnership’s registration number.</p></content></level></subsection><subsection><num>(4)</num><content><p>On the publication of the deregistration notice, the limited partnership ceases to be registered as a limited partnership under this Act (but this does not prevent any ongoing relationship from being a partnership).</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-144"><num>144</num><heading>Removal of limited partnership from index of names</heading><content><p><mod>After section 26 of the Limited Partnerships Act 1907 (inserted by section 143 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>27</num><heading>Removal of limited partnership from index of names</heading><subsection><num>(1)</num><intro><p>The registrar must remove a limited partnership from the index of names as soon as reasonably practicable if the registrar—</p></intro><level class="para1"><num>(a)</num><content><p>becomes aware that the limited partnership is dissolved (whether on the receipt of a notice under section 18, the publication of a dissolution notice under section 19(6) or otherwise), or</p></content></level><level class="para1"><num>(b)</num><content><p>publishes a deregistration notice under section 26 in respect of the limited partnership.</p></content></level></subsection><subsection eId="d28e22471"><num>(2)</num><intro><p>If the registrar removes a limited partnership from the index of names, the registrar must include a note in the register of limited partnerships stating either—</p></intro><level class="para1"><num>(a)</num><content><p>that the limited partnership has been removed from the index of names because of its dissolution, or</p></content></level><level class="para1"><num>(b)</num><content><p>that the limited partnership has been removed from the index of names because of its deregistration under section 26.</p></content></level></subsection><subsection><num>(3)</num><content><p>The registrar must also publish a notice of the removal in the Gazette if the limited partnership is removed from the index of names other than following the publication of a dissolution notice under section 19 or a deregistration notice under section 26.</p></content></subsection><subsection><num>(4)</num><content><p>Notes included in the register of limited partnerships in accordance with subsection <ref href="#d28e22471">(2)</ref> are part of the register of limited partnerships.</p></content></subsection><subsection><num>(5)</num><content><p>A note may be removed if it no longer serves any useful purpose.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-the-index-of-names">the index of names</term>” means the index kept by the registrar under section 1099 of the Companies Act 2006.</p></content></subsection></section></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-delivery-of-documents"><heading>Delivery of documents</heading><section eId="section-145"><num>145</num><heading>Delivery of documents relating to limited partnerships</heading><content><p><mod>After section 32 of the Limited Partnerships Act 1907 (inserted by section 134 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Delivery of documents to the registrar</heading><section><num>33</num><heading>Documents to be delivered by authorised corporate service providers</heading><subsection><num>(1)</num><content><p>An individual may not deliver a document under a provision listed in subsection <ref href="#d28e22576">(3)</ref> to the registrar on their own behalf (and, accordingly, any delivery of a document under such a provision must be made on the individual’s behalf in accordance with subsection <ref href="#d28e22555">(2)</ref>).</p></content></subsection><subsection eId="d28e22555"><num>(2)</num><intro><p>An individual may not deliver a document under a provision listed in subsection <ref href="#d28e22576">(3)</ref> to the registrar on behalf of another person unless—</p></intro><level class="para1" eId="d28e22564"><num>(a)</num><content><p>the individual is an authorised corporate service provider, or</p></content></level><level class="para1" eId="d28e22570"><num>(b)</num><content><p>the individual is an officer or employee of an authorised corporate service provider.</p></content></level></subsection><subsection eId="d28e22576"><num>(3)</num><intro><p>The provisions are—</p></intro><level class="para1"><num>(a)</num><content><p>section 8A (application for registration);</p></content></level><level class="para1"><num>(b)</num><content><p>section 8F (change of address of registered office) or <ref href="#d28e16700">8I</ref> (change of registered email address);</p></content></level><level class="para1"><num>(c)</num><content><p>section <ref href="#d28e17421">8L</ref>, <ref href="#d28e17495">8M</ref>, <ref href="#d28e17567">8N</ref> or <ref href="#d28e17646">8O</ref> (changes relating to officers of general partners);</p></content></level><level class="para1"><num>(d)</num><content><p>section 8R, 8S or 8T (changes relating to partners);</p></content></level><level class="para1"><num>(e)</num><content><p>section <ref href="#d28e18931">10A</ref> or <ref href="#d28e19013">10B</ref> (other changes in partnerships), other than a notice under section <ref href="#d28e18931">10A</ref><ref href="#d28e18974">(2)(b)(i)</ref> or <ref href="#d28e19013">10B</ref><ref href="#d28e19029">(2)(a)</ref>;</p></content></level><level class="para1"><num>(f)</num><content><p>section <ref href="#d28e19194">10D</ref> (confirmation statements);</p></content></level><level class="para1"><num>(g)</num><content><p>section <ref href="#d28e21883">20</ref> (administrative revival).</p></content></level></subsection><subsection eId="d28e22661"><num>(4)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>amend this section for the purposes of changing who may deliver a document under a provision listed in subsection <ref href="#d28e22576">(3)</ref> to the registrar on behalf of another person;</p></content></level><level class="para1"><num>(b)</num><content><p>amend the list in subsection <ref href="#d28e22576">(3)</ref>.</p></content></level></subsection><subsection><num>(5)</num><content><p>Regulations under subsection <ref href="#d28e22661">(4)</ref> are subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section><section eId="section-146"><num>146</num><heading>General false statement offences</heading><content><p><mod>After section 33 of the Limited Partnerships Act 1907 (inserted by section 145 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>34</num><heading>False statements: basic offence</heading><subsection><num>(1)</num><intro><p>It is an offence for a person, without reasonable excuse, to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for the purposes of this Act, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for the purposes of this Act, a statement that is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a legal entity, every managing officer of the entity who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</p></content></level></subsection><subsection><num>(4)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e22769"><num>(5)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(6)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e22769">(5)</ref>).</p></content></subsection></section><section><num>35</num><heading>False statements: aggravated offence</heading><subsection><num>(1)</num><intro><p>It is an offence for a person knowingly to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for the purposes of this Act, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for the purposes of this Act, a statement that is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a legal entity, every managing officer of the entity who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both).</p></content></level></level></subsection><subsection><num>(4)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e22860"><num>(5)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(6)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e22860">(5)</ref>).</p></content></subsection></section></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-national-security-exemption-from-identity-verification"><heading>National security exemption from identity verification</heading><section eId="section-147"><num>147</num><heading>National security exemption from identity verification</heading><content><p><mod>After section 35 of the Limited Partnerships Act 1907 (inserted by section 146 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>National security exemption from identity verification</heading><section><num>36</num><heading>National security exemption from identity verification</heading><subsection><num>(1)</num><intro><p>The Secretary of State may, by written notice given to a person, provide for one or more of the effects listed in subsection <ref href="#d28e22921">(2)</ref> to apply in relation to the person, if satisfied that to do so is necessary—</p></intro><level class="para1"><num>(a)</num><content><p>in the interests of national security, or</p></content></level><level class="para1" eId="d28e22915"><num>(b)</num><content><p>for the purposes of preventing or detecting serious crime.</p></content></level></subsection><subsection eId="d28e22921"><num>(2)</num><intro><p>The effects for which the notice may provide are that—</p></intro><level class="para1"><num>(a)</num><content><p>a statement under section 8A(1C) may name the person as a proposed general partner’s proposed registered officer even if the person does not meet the requirement in paragraph (c) of that subsection;</p></content></level><level class="para1"><num>(b)</num><content><p>a statement by the person under section 8A(1F)(b) is not required to confirm that the person meets the requirement in sub-paragraph (iii) of that paragraph;</p></content></level><level class="para1"><num>(c)</num><content><p>where the person is a general partner’s registered officer, section 8K(1)(c) does not impose any obligation on the general partner;</p></content></level><level class="para1"><num>(d)</num><content><p>a statement under section 8L(3)(a) or (b) made in relation to a notice naming the person as a general partner’s new registered officer is not required to confirm that the person meets the requirement in section 8K(1)(c);</p></content></level><level class="para1"><num>(e)</num><content><p>a statement under section 8R(4) may name the person as a general partner’s proposed registered officer even if the person does not meet the requirement in section 8K(1)(c);</p></content></level><level class="para1"><num>(f)</num><content><p>a statement by the person under section 8R(7)(b) is not required to confirm that the person meets the requirement in section 8K(1)(c);</p></content></level><level class="para1"><num>(g)</num><content><p>section 33 (documents to be delivered by authorised corporate service providers) does not apply in relation to the delivery of documents to the registrar by the person on their own behalf or on behalf of another.</p></content></level></subsection><subsection><num>(3)</num><intro><p>For the purposes of subsection <ref href="#d28e22915">(1)(b)</ref>—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-crime">crime</term>” means conduct which—</p></intro><level class="para2"><num>(i)</num><content><p>constitutes a criminal offence, or</p></content></level><level class="para2"><num>(ii)</num><content><p>is, or corresponds to, any conduct which, if it all took place in any one part of the United Kingdom, would constitute a criminal offence, and</p></content></level></level><level class="para1"><num>(b)</num><intro><p>crime is “serious” if—</p></intro><level class="para2"><num>(i)</num><content><p>the offence which is or would be constituted by the conduct is an offence for which the maximum sentence (in any part of the United Kingdom) is imprisonment for 3 years or more, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the conduct involves the use of violence, results in substantial financial gain or is conduct by a large number of persons in pursuit of a common purpose.</p></content></level></level></subsection></section></hcontainer></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-service-on-a-limited-partnership"><heading>Service on a limited partnership</heading><section eId="section-148"><num>148</num><heading>Service on a limited partnership</heading><content><p><mod>After section 36 of the Limited Partnerships Act 1907 (inserted by section 147 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Service of documents</heading><section eId="d28e23037"><num>37</num><heading>Service of documents on limited partnership</heading><content><p>A document may be served on a limited partnership by leaving it at, or sending it by post to, the limited partnership’s registered office.</p></content></section></hcontainer></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-application-of-other-laws"><heading>Application of other laws</heading><section eId="section-149"><num>149</num><heading>Application of company law</heading><content><p><mod>After section 7 of the Limited Partnerships Act 1907 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e23060"><num>7A</num><heading>Application of company law</heading><subsection eId="d28e23064"><num>(1)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>make provision in relation to limited partnerships that corresponds or is similar to any provision relating to companies or other corporations made by or under, or capable of being made under, any Act;</p></content></level><level class="para1"><num>(b)</num><content><p>provide for any such provision which would otherwise have effect in relation to limited partnerships not to apply to them or to apply to them with such modifications as appear appropriate.</p></content></level></subsection><subsection><num>(2)</num><content><p>Regulations under subsection <ref href="#d28e23064">(1)</ref> may amend or repeal provision made by this Act, the Partnership Act 1890 or the Companies Act 2006.</p></content></subsection><subsection><num>(3)</num><content><p>The provision which may be made by regulations under subsection <ref href="#d28e23064">(1)</ref> by virtue of section <ref href="#d28e23163">38</ref><ref href="#section-152-1">(1)</ref> includes provision amending, repealing or revoking provision made by or under any Act, whenever passed or made.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations under subsection <ref href="#d28e23064">(1)</ref> are subject to the negative resolution procedure if they only make provision that corresponds or is similar to provision made or capable of being made by regulations subject to the negative resolution procedure.</p></content></subsection><subsection><num>(5)</num><content><p>Any other regulations under subsection <ref href="#d28e23064">(1)</ref> are subject to the affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-150"><num>150</num><heading>Application of Partnership Act 1890 (meaning of firm)</heading><content><p><mod>In section 4 of the Partnership Act 1890 (meaning of firm), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><content><p>In relation to a limited partnership registered under the Limited Partnerships Act 1907, subsection (2) applies only if the limited partnership was registered by the registrar for Scotland.</p></content></subsection></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-regulations"><heading>Regulations</heading><section eId="section-151"><num>151</num><heading>Limited partnerships: regulations</heading><content><p><mod>After section <ref href="#d28e23037">37</ref> of the Limited Partnerships Act 1907 (inserted by section 148 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Regulations</heading><section eId="d28e23163"><num>38</num><heading>Regulations</heading><subsection eId="d28e23167"><num>(1)</num><intro><p>A power to make regulations under any provision of this Act includes power to make—</p></intro><level class="para1"><num>(a)</num><content><p>consequential, supplementary, incidental, transitional or saving provision;</p></content></level><level class="para1"><num>(b)</num><content><p>different provision for different purposes.</p></content></level></subsection><subsection><num>(2)</num><content><p>Regulations made by the Secretary of State under this Act are to be made by statutory instrument.</p></content></subsection><subsection><num>(3)</num><content><p>Where regulations under this Act are subject to “the affirmative resolution procedure”, the regulations may not be made unless a draft of the statutory instrument containing them has been laid before and approved by a resolution of each House of Parliament.</p></content></subsection><subsection><num>(4)</num><content><p>Where regulations under this Act are subject to “the negative resolution procedure”, the statutory instrument containing the regulations is subject to annulment in pursuance of a resolution of either House of Parliament.</p></content></subsection><subsection><num>(5)</num><content><p>Any provision that may be made by regulations under this Act subject to the negative resolution procedure may be made by regulations subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-further-amendments"><heading>Further amendments</heading><section eId="section-152"><num>152</num><heading>Limited partnerships: further amendments</heading><subsection eId="section-152-1"><num>(1)</num><content><p>Section 17 of the Limited Partnerships Act 1907 is omitted.</p></content></subsection><subsection eId="section-152-2"><num>(2)</num><content><p>Schedule 5 contains consequential amendments relating to this Part.</p></content></subsection></section></hcontainer></chapter><chapter eId="part-2-chapter-2"><num>CHAPTER 2</num><heading>Miscellaneous provision about partnerships</heading><section eId="section-153"><num>153</num><heading>Registration of qualifying Scottish partnerships</heading><subsection eId="section-153-1"><num>(1)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1" eId="section-153-1-a"><num>(a)</num><content><p>make provision requiring the delivery to the registrar of information in connection with a qualifying Scottish partnership;</p></content></level><level class="para1" eId="section-153-1-b"><num>(b)</num><content><p>make provision for the purpose of ensuring that a partner of a qualifying Scottish partnership has at least one managing officer who is an individual whose identity is verified (within the meaning of section 1110A of the Companies Act 2006);</p></content></level><level class="para1" eId="section-153-1-c"><num>(c)</num><content><p>make provision in relation to qualifying Scottish partnerships that corresponds or is similar to any provision relating to companies or limited partnerships made by or under, or capable of being made under, any Act.</p></content></level></subsection><subsection eId="section-153-2"><num>(2)</num><content><p>The regulations may create summary offences, punishable with a fine, in connection with any provision made by virtue of subsection <ref href="#section-153-1-a">(1)(a)</ref> or <ref href="#section-153-1-b">(b)</ref>.</p></content></subsection><subsection eId="section-153-3"><num>(3)</num><content><p>Do not read subsection <ref href="#section-153-2">(2)</ref> as impliedly limiting the provision that can be made by virtue of subsection <ref href="#section-153-1-c">(1)(c)</ref>.</p></content></subsection><subsection eId="section-153-4"><num>(4)</num><content><p>The provision that may be made by virtue of subsection <ref href="#section-153-1-c">(1)(c)</ref> includes provision for the purpose mentioned in subsection <ref href="#section-153-1-b">(1)(b)</ref>.</p></content></subsection><subsection eId="section-153-5"><num>(5)</num><content><p>The provision which may be made by regulations under subsection <ref href="#section-153-1">(1)</ref> by virtue of section 217(1)(a) includes provision amending, repealing or revoking provision made by or under any Act, whenever passed or made.</p></content></subsection><subsection eId="section-153-6"><num>(6)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-managing-officer" eId="term-managing-officer">managing officer</term>” has the meaning given by section 3(1) of the Limited Partnerships Act 1907;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-qualifying-scottish-partnership" eId="term-qualifying-scottish-partnership">qualifying Scottish partnership</term>” means a partnership, other than a limited partnership, that—</p></intro><level class="para1"><num>(a)</num><content><p>is constituted under the law of Scotland, and</p></content></level><level class="para1"><num>(b)</num><content><p>is a qualifying partnership with the meaning given by regulation 3 of the Partnership (Accounts) Regulations 2008;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” means registrar of companies for Scotland.</p></content></hcontainer></subsection></section><section eId="section-154"><num>154</num><heading>Power to amend disqualification legislation in relation to relevant entities: GB</heading><content><p><mod>After section 22H of the Company Directors Disqualification Act 1986 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>22I</num><heading>Power to amend application of Act in relation to relevant entities</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations amend this Act for the purpose of applying, or modifying the application of, any of its provisions in relation to relevant entities.</p></content></subsection><subsection><num>(2)</num><intro><p>For that purpose, the regulations may in particular—</p></intro><level class="para1"><num>(a)</num><content><p>extend the company disqualification conditions to include corresponding conditions relating to a relevant entity;</p></content></level><level class="para1"><num>(b)</num><content><p>limit the company disqualification conditions to remove conditions relating to a relevant entity;</p></content></level><level class="para1"><num>(c)</num><content><p>modify which company disqualification conditions can, in combination with each other, result in a person being disqualified under this Act;</p></content></level><level class="para1"><num>(d)</num><content><p>provide for any of the company disqualification conditions to result in or contribute to a person being disqualified from acting in a role or doing something in relation to a relevant entity.</p></content></level></subsection><subsection><num>(3)</num><content><p>In this section “<term refersTo="#term-the-company-disqualification-conditions">the company disqualification conditions</term>” means the conditions that can result in or contribute to a person being disqualified under this Act from acting in a role or doing something in relation to any entity.</p></content></subsection><subsection><num>(4)</num><intro><p>In this section a “<term refersTo="#term-relevant-entity">relevant entity</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a limited partnership registered under the Limited Partnerships Act 1907;</p></content></level><level class="para1"><num>(b)</num><content><p>a limited liability partnership registered under the Limited Liability Partnerships Act 2000;</p></content></level><level class="para1"><num>(c)</num><intro><p>a partnership, other than a limited partnership, that is—</p></intro><level class="para2"><num>(i)</num><content><p>constituted under the law of Scotland, and</p></content></level><level class="para2"><num>(ii)</num><content><p>a qualifying partnership within the meaning given by regulation 3 of the Partnerships (Accounts) Regulations 2008.</p></content></level></level></subsection><subsection><num>(5)</num><intro><p>Regulations under this section may make—</p></intro><level class="para1" eId="d28e23459"><num>(a)</num><content><p>consequential, supplementary, incidental, transitional or saving provision;</p></content></level><level class="para1"><num>(b)</num><content><p>different provision for different purposes.</p></content></level></subsection><subsection><num>(6)</num><intro><p>The provision which may be made by virtue of subsection <ref href="#d28e23459">(5)(a)</ref> includes provision amending provision made by or under either of the following, whenever passed or made—</p></intro><level class="para1"><num>(a)</num><content><p>an Act;</p></content></level><level class="para1"><num>(b)</num><content><p>Northern Ireland legislation.</p></content></level></subsection><subsection><num>(7)</num><content><p>Regulations under this section are to be made by statutory instrument.</p></content></subsection><subsection><num>(8)</num><content><p>A statutory instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-155"><num>155</num><heading>Power to amend disqualification legislation in relation to relevant entities: NI</heading><subsection eId="section-155-1"><num>(1)</num><content><p>The Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00016" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4)</ref>) is amended as follows.</p></content></subsection><subsection eId="section-155-2"><num>(2)</num><content><p><mod>In Article 2(2) (interpretation), for the definition of “regulations” substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“regulations”, except in Articles 13D and <ref href="#d28e23549">25D</ref>, means regulations made by the Department subject (except in Article 23(3)) to negative resolution;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-155-3"><num>(3)</num><content><p><mod>After Article 25C insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><article eId="d28e23549"><heading>Power to amend application of Order in relation to relevant entities</heading><num>25D</num><paragraph><num>(1)</num><content><p>The Secretary of State or the Department may by regulations amend this Order for the purpose of applying, or modifying the application of, any of its provisions in relation to relevant entities.</p></content></paragraph><paragraph><num>(2)</num><intro><p>For that purpose, the regulations may in particular—</p></intro><level class="para1"><num>(a)</num><content><p>extend the company disqualification conditions to include corresponding conditions relating to a relevant entity;</p></content></level><level class="para1"><num>(b)</num><content><p>limit the company disqualification conditions to remove conditions relating to a relevant entity;</p></content></level><level class="para1"><num>(c)</num><content><p>modify which company disqualification conditions can, in combination with each other, result in a person being disqualified under this Order;</p></content></level><level class="para1"><num>(d)</num><content><p>provide for any of the company disqualification conditions to result in or contribute to a person being disqualified from acting in a role or doing something in relation to a relevant entity.</p></content></level></paragraph><paragraph><num>(3)</num><content><p>The Secretary of State must obtain the consent of the Department before making regulations under this Article.</p></content></paragraph><paragraph><num>(4)</num><content><p>In this Article “<term refersTo="#term-the-company-disqualification-conditions">the company disqualification conditions</term>” means the conditions that can result in or contribute to a person being disqualified under this Order from acting in a role or doing something in relation to any entity.</p></content></paragraph><paragraph><num>(5)</num><intro><p>In this Article a “<term refersTo="#term-relevant-entity">relevant entity</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a limited partnership registered under the Limited Partnerships Act 1907;</p></content></level><level class="para1"><num>(b)</num><content><p>a limited liability partnership registered under the Limited Liability Partnerships Act 2000;</p></content></level><level class="para1"><num>(c)</num><intro><p>a partnership, other than a limited partnership, that is—</p></intro><level class="para2"><num>(i)</num><content><p>constituted under the law of Scotland, and</p></content></level><level class="para2"><num>(ii)</num><content><p>a qualifying partnership within the meaning given by regulation 3 of the Partnerships (Accounts) Regulations 2008.</p></content></level></level></paragraph><paragraph eId="d28e23643"><num>(6)</num><content><p>Regulations under this Article may make consequential, supplementary, incidental, transitional or saving provision.</p></content></paragraph><paragraph><num>(7)</num><intro><p>The provision which may be made by regulations made by the Secretary of State by virtue of paragraph <ref href="#d28e23643">(6)</ref> includes provision amending provision made by or under either of the following, whenever passed or made—</p></intro><level class="para1"><num>(a)</num><content><p>an Act;</p></content></level><level class="para1"><num>(b)</num><content><p>Northern Ireland legislation.</p></content></level></paragraph><paragraph><num>(8)</num><content><p>The provision which may be made by regulations made by the Department by virtue of paragraph (6) includes provision amending provision made by or under Northern Ireland legislation, whenever passed or made.</p></content></paragraph><paragraph><num>(9)</num><content><p>Regulations made by the Secretary of State under this Article are to be made by statutory instrument.</p></content></paragraph><paragraph><num>(10)</num><content><p>A statutory instrument containing regulations made by the Secretary of State under this Article may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</p></content></paragraph><paragraph><num>(11)</num><content><p>Regulations made by the Department under this Article are subject to negative resolution.</p></content></paragraph></article></quotedStructure></mod></p></content></subsection></section></chapter></part>
<chapter xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="part-2-chapter-1"><num>CHAPTER 1</num><heading>Limited partnerships etc.</heading><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-meaning-of-limited-partnership"><heading>Meaning of “limited partnership”</heading><section eId="section-109"><num>109</num><heading>Meaning of “limited partnership”</heading><subsection eId="section-109-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended in accordance with subsections <ref href="#section-109-2">(2)</ref> and <ref href="#section-109-3">(3)</ref>.</p></content></subsection><subsection eId="section-109-2"><num>(2)</num><content><p><mod>In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-limited-partnership">limited partnership</term>” means a firm that is registered as a limited partnership under this Act (for the only circumstances in which a firm can cease to be registered as a limited partnership under this Act while remaining a firm see section 26 (voluntary deregistration));</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-109-3"><num>(3)</num><content><p>Omit section 5 (registration of limited partnership required).</p></content></subsection><subsection eId="section-109-4"><num>(4)</num><content><p><mod>In section 1099 of the Companies Act 2006 (the registrar’s index of company names), in subsection (3)(a), for “registered in the United Kingdom” substitute <quotedText>“(within the meaning of section 3 of the Limited Partnerships Act 1907)”</quotedText>.</mod></p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-required-information-about-limited-partnerships"><heading>Required information about limited partnerships</heading><section eId="section-110"><num>110</num><heading>Required information about partners</heading><subsection eId="section-110-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-110-2"><num>(2)</num><intro><p>In section 3 (interpretation of terms)—</p></intro><level class="para1" eId="section-110-2-a"><num>(a)</num><content><p>the existing text becomes subsection (1);</p></content></level><level class="para1" eId="section-110-2-b"><num>(b)</num><content><p><mod>in that subsection, at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-body-corporate">body corporate</term>” has the same meaning as in the Companies Acts (see section 1173 of the Companies Act 2006);”;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“managing officer”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to a company, means a director or shadow director;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to a legal entity the affairs of which are managed by some or all of its members, means one of those members;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to any other legal entity, means an officer of the entity whose functions correspond to that of a director of a company;”;</p></content></level></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-legal-entity">legal entity</term>” means a body corporate or other entity that (in each case) is a legal person under the law by which it is governed;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-service-address">service address</term>” has the same meaning as in the Companies Acts (see section 1141(1) and (2) of the Companies Act 2006).</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-110-2-c"><num>(c)</num><content><p><mod>after that subsection insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e15639"><num>(2)</num><content><p>For the purposes of the definition of “managing officer” in subsection (1), “<term refersTo="#term-director">director</term>” and “<term refersTo="#term-shadow-director">shadow director</term>” have the same meanings as in the Companies Acts (see sections 250 and 251 of the Companies Act 2006).</p></content></subsection><subsection><num>(3)</num><content><p>In this section “<term refersTo="#term-the-companies-acts">the Companies Acts</term>” has the meaning given by section 2(1) of the Companies Act 2006.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-110-3"><num>(3)</num><content><p><mod>In section 4 (definition and constitution of limited partnership), in subsection (4), for “body corporate” substitute <quotedText>“legal entity”</quotedText>.</mod></p></content></subsection><subsection eId="section-110-4"><num>(4)</num><intro><p>In section 8A (application for registration)—</p></intro><level class="para1" eId="section-110-4-a"><num>(a)</num><content><p><mod>in subsection (1)(c), after “each” insert <quotedText>“proposed”</quotedText>;</mod></p></content></level><level class="para1" eId="section-110-4-b"><num>(b)</num><content><p><mod>in subsections (2)(b) and (c), for “name of each” substitute <quotedText>“required information about each proposed”</quotedText>;</mod></p></content></level><level class="para1" eId="section-110-4-c"><num>(c)</num><content><p><mod>in subsection (2)(d), after “each” insert <quotedText>“proposed”</quotedText>;</mod></p></content></level><level class="para1" eId="section-110-4-d"><num>(d)</num><content><p><mod>in subsections (3)(a) and (b), for “name of each” substitute <quotedText>“required information about each proposed”</quotedText>;</mod></p></content></level><level class="para1" eId="section-110-4-e"><num>(e)</num><content><p><mod>after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><content><p>For the required information about a proposed general partner or a proposed limited partner see Part 2 of the Schedule.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-110-5"><num>(5)</num><content><p>Schedule 4 inserts a Schedule into the Limited Partnerships Act 1907 setting out the required information about partners.</p></content></subsection></section><section eId="section-111"><num>111</num><heading>Required information about partners: transitional provision</heading><subsection eId="section-111-1"><num>(1)</num><content><p>This section applies in relation to a limited partnership that was registered under the Limited Partnerships Act 1907 in pursuance of an application for registration delivered to the registrar before section 110<ref href="#section-110-4">(4)</ref> came fully into force.</p></content></subsection><subsection eId="section-111-2"><num>(2)</num><intro><p>The general partners in the limited partnership must, within the transitional period, deliver a statement to the registrar specifying the required information (within the meaning of the Schedule to that Act (inserted by Schedule 4 to this Act)) about each person who—</p></intro><level class="para1" eId="section-111-2-a"><num>(a)</num><content><p>is a partner in the limited partnership, and</p></content></level><level class="para1" eId="section-111-2-b"><num>(b)</num><content><p>became a partner on the registration of the limited partnership.</p></content></level></subsection><subsection eId="section-111-3"><num>(3)</num><intro><p>If a change in the required information about such a partner occurs before whichever is earlier of—</p></intro><level class="para1" eId="section-111-3-a"><num>(a)</num><content><p>the end of the transitional period, and</p></content></level><level class="para1" eId="section-111-3-b"><num>(b)</num><content><p>the delivery of the statement mentioned in subsection <ref href="#section-111-2">(2)</ref>,</p></content></level><wrapUp><p>the general partners in the limited partnership are not required by the provisions mentioned in subsection <ref href="#section-111-4">(4)</ref> to give notice to the registrar of the change, unless it is a change to the partner’s name.</p></wrapUp></subsection><subsection eId="section-111-4"><num>(4)</num><intro><p>The provisions are—</p></intro><level class="para1" eId="section-111-4-a"><num>(a)</num><content><p>section 8S(1) of the Limited Partnerships Act 1907 (inserted by section 122 of this Act), and</p></content></level><level class="para1" eId="section-111-4-b"><num>(b)</num><content><p>so far as it relates to section 8S(1) of the Limited Partnerships Act 1907, section 10D(2)(a) of that Act (inserted by section 126 of this Act).</p></content></level></subsection><subsection eId="section-111-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 110<ref href="#section-110-4">(4)</ref> came fully into force.</p></content></hcontainer></subsection><subsection eId="section-111-6"><num>(6)</num><content><p>Failure by the general partners in a limited partnership to comply with subsection <ref href="#section-111-2">(2)</ref> is, in the absence of any evidence to the contrary, to be treated by the registrar as reasonable cause to believe that the limited partnership has been dissolved for the purposes of section 19 of the Limited Partnerships Act 1907 (registrar’s power to confirm dissolution of limited partnership) (inserted by section 141 of this Act).</p></content></subsection><subsection eId="section-111-7"><num>(7)</num><content><p>Where the registrar proposes to rely on a failure by the general partners in the limited partnership to comply with subsection <ref href="#section-111-2">(2)</ref> as grounds for exercising the power in section 19 of the Limited Partnerships Act 1907, subsections (2) to (4) of that section (publication of warning notice) do not apply.</p></content></subsection></section><section eId="section-112"><num>112</num><heading>Details about general nature of partnership business</heading><intro><p>In section 8A of the Limited Partnerships Act 1907 (application for registration)—</p></intro><level class="para1" eId="section-112-a"><num>(a)</num><content><p><mod>after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e15868"><num>(2A)</num><content><p>The details referred to in subsection (2)(a) about the general nature of the partnership business may be given by reference to one or more categories of any system of classifying business activities prescribed by regulations made by the Secretary of State for the purposes of this section.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-112-b"><num>(b)</num><content><p><mod>after subsection (8) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(9)</num><content><p>Regulations under subsection <ref href="#d28e15868">(2A)</ref> are subject to the negative resolution procedure.</p></content></subsection></quotedStructure></mod></p></content></level></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-registered-offices"><heading>Registered offices</heading><section eId="section-113"><num>113</num><heading>A limited partnership’s registered office</heading><subsection eId="section-113-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-113-2"><num>(2)</num><intro><p>In section 3 (interpretation of terms)—</p></intro><level class="para1" eId="section-113-2-a"><num>(a)</num><content><p><mod>in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-authorised-corporate-service-provider">authorised corporate service provider</term>” has the same meaning as in the Companies Act 2006 (see section 1098A of that Act);</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-113-2-b"><num>(b)</num><content><p><mod>after subsection (3) (inserted by section 110 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><content><p>Section 1125 of the Companies Act 2006 (meaning of “<term refersTo="#term-daily-default-fine">daily default fine</term>”) applies for the purpose of any provision made by this Act as it applies for the purposes of provisions of the Companies Acts.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-113-3"><num>(3)</num><intro><p>In section 8A (application for registration)—</p></intro><level class="para1" eId="section-113-3-a"><num>(a)</num><content><p><mod>in subsection (1), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>specify the intended address of the limited partnership’s registered office, which must be an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref>,</p></content></level><level class="para1" eId="d28e15972"><num>(ab)</num><content><p>specify which of the addresses mentioned in section <ref href="#d28e16018">8E</ref><ref href="#d28e16058">(2)(c)</ref> the intended address is,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-113-3-b"><num>(b)</num><content><p><mod>after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e15992"><num>(1A)</num><content><p>An application for registration of a limited partnership which specifies that the intended address of its registered office is an address mentioned in section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref><ref href="#d28e16082">(c)(iv)</ref> must be accompanied by a statement by the authorised corporate service provider confirming that the address is the authorised corporate service provider’s address.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-113-4"><num>(4)</num><content><p><mod>After section 8D insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>A limited partnership’s registered office</heading><section eId="d28e16018"><num>8E</num><heading>Duty to ensure registered office at appropriate address</heading><subsection eId="d28e16022"><num>(1)</num><content><p>The general partners in a limited partnership must ensure that its registered office is at all times at an appropriate address.</p></content></subsection><subsection eId="d28e16028"><num>(2)</num><intro><p>An address is an “appropriate address” if—</p></intro><level class="para1"><num>(a)</num><intro><p>in the ordinary course of events—</p></intro><level class="para2"><num>(i)</num><content><p>a document addressed to the limited partnership, and delivered there by hand or by post, would be expected to come to the attention of a person acting on behalf of the limited partnership, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the delivery of documents there is capable of being recorded by the obtaining of an acknowledgement of delivery,</p></content></level></level><level class="para1"><num>(b)</num><content><p>it is in the part of the United Kingdom in which the limited partnership is registered, and</p></content></level><level class="para1" eId="d28e16058"><num>(c)</num><intro><p>it is at least one of the following—</p></intro><level class="para2" eId="d28e16064"><num>(i)</num><content><p>the address of the principal place of business of the limited partnership;</p></content></level><level class="para2"><num>(ii)</num><content><p>the usual residential address of a general partner who is an individual;</p></content></level><level class="para2"><num>(iii)</num><content><p>the address of the registered or principal office of a general partner that is a legal entity;</p></content></level><level class="para2" eId="d28e16082"><num>(iv)</num><content><p>an address of an authorised corporate service provider that is acting for the limited partnership.</p></content></level></level></subsection><subsection><num>(3)</num><content><p>If the general partners fail to comply with this section an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(4)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(5)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(6)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(7)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection><num>(8)</num><content><p>Subsection <ref href="#d28e16022">(1)</ref> does not apply in relation to a limited partnership during any period for which the address of its registered office is an address nominated by the registrar by virtue of regulations made under section <ref href="#d28e16223">8G</ref>.</p></content></subsection></section><section eId="d28e16160"><num>8F</num><heading>Change of address of registered office by general partners</heading><subsection><num>(1)</num><content><p>The address of a limited partnership’s registered office can be changed by the general partners giving notice to the registrar.</p></content></subsection><subsection><num>(2)</num><intro><p>The notice must include a statement—</p></intro><level class="para1"><num>(a)</num><content><p>that the new address is an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref>, and</p></content></level><level class="para1" eId="d28e16187"><num>(b)</num><content><p>specifying which of the addresses in section <ref href="#d28e16018">8E</ref><ref href="#d28e16058">(2)(c)</ref> the address is.</p></content></level></subsection><subsection><num>(3)</num><content><p>If the statement under subsection <ref href="#d28e16187">(2)(b)</ref> specifies that the address is an address mentioned in section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref><ref href="#d28e16082">(c)(iv)</ref>, the notice must be accompanied by a statement by the authorised corporate service provider confirming that the address is the authorised corporate service provider’s address.</p></content></subsection><subsection><num>(4)</num><content><p>The change takes effect upon the notice being registered by the registrar, but until the end of the period of 14 days beginning with the date on which it is registered a person may validly serve any document on the limited partnership at the address previously registered.</p></content></subsection></section><section eId="d28e16223"><num>8G</num><heading>Regulations about change of address of registered office by registrar</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to change the address of a limited partnership’s registered office if satisfied that it is not an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref>.</p></content></subsection><subsection><num>(2)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection><subsection><num>(3)</num><intro><p>The regulations—</p></intro><level class="para1" eId="d28e16250"><num>(a)</num><content><p>may include provision corresponding or similar to any provision that may be included in regulations under section 1097A of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><intro><p>must include—</p></intro><level class="para2"><num>(i)</num><content><p>provision about appeals corresponding to the provision that must be included in regulations under section 1097A by virtue of subsections <ref href="#d28e14925">(6)</ref> and <ref href="#d28e14931">(6A)</ref> of that section;</p></content></level><level class="para2"><num>(ii)</num><content><p>provision corresponding to subsection (7) of that section.</p></content></level></level></subsection><subsection><num>(4)</num><content><p>The provision that may be made by virtue of subsection <ref href="#d28e16250">(3)(a)</ref> that is corresponding or similar to provision that may be made by virtue of section 1097A<ref href="#d28e14885">(4A)(b)</ref> and <ref href="#d28e14903">(4B)</ref> of the Companies Act 2006 (strike off and restoration) includes provision applying or writing out, with or without modifications, any provision made by section 19 (power to confirm dissolution) or section 20 (administrative revival).</p></content></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section><section eId="section-114"><num>114</num><heading>A limited partnership’s registered office: transitional provision</heading><subsection eId="section-114-1"><num>(1)</num><content><p>This section applies in relation to a limited partnership registered under the Limited Partnerships Act 1907 in pursuance of an application for registration delivered to the registrar before section 113<ref href="#section-113-3">(3)</ref> came fully into force.</p></content></subsection><subsection eId="section-114-2"><num>(2)</num><intro><p>The general partners must, within the transitional period, deliver to the registrar a statement specifying—</p></intro><level class="para1" eId="section-114-2-a"><num>(a)</num><content><p>the address of its registered office (which must be an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref> of that Act (inserted by section 113<ref href="#section-113-4">(4)</ref> of this Act)), and</p></content></level><level class="para1" eId="section-114-2-b"><num>(b)</num><content><p>which of the addresses in section <ref href="#d28e16018">8E</ref><ref href="#d28e16058">(2)(c)</ref> of that Act the address is.</p></content></level></subsection><subsection eId="section-114-3"><num>(3)</num><content><p>If the statement under subsection <ref href="#section-114-2-b">(2)(b)</ref> specifies that the address is an address mentioned in section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref><ref href="#d28e16058">(c)</ref><ref href="#d28e16082">(iv)</ref> of the Limited Partnerships Act 1907, the notice must be accompanied by a statement by the authorised corporate service provider confirming that the address is the authorised corporate service provider’s address.</p></content></subsection><subsection eId="section-114-4"><num>(4)</num><intro><p>The provisions mentioned in subsection <ref href="#section-114-5">(5)</ref> do not apply in respect of the limited partnership until—</p></intro><level class="para1" eId="section-114-4-a"><num>(a)</num><content><p>the end of the transitional period, or</p></content></level><level class="para1" eId="section-114-4-b"><num>(b)</num><content><p>if earlier, the delivery of the statement mentioned in subsection <ref href="#section-114-2">(2)</ref>.</p></content></level></subsection><subsection eId="section-114-5"><num>(5)</num><intro><p>Those provisions are—</p></intro><level class="para1" eId="section-114-5-a"><num>(a)</num><content><p>section <ref href="#d28e16018">8E</ref> of the Limited Partnerships Act 1907 (inserted by section 113<ref href="#section-113-4">(4)</ref> of this Act);</p></content></level><level class="para1" eId="section-114-5-b"><num>(b)</num><content><p>section <ref href="#d28e19194">10D</ref><ref href="#d28e19225">(2)(b)</ref> of that Act (inserted by section 126 of this Act).</p></content></level></subsection><subsection eId="section-114-6"><num>(6)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 113<ref href="#section-113-3">(3)</ref> came fully into force.</p></content></hcontainer></subsection><subsection eId="section-114-7"><num>(7)</num><content><p>Failure by the general partners in the limited partnership to comply with subsection <ref href="#section-114-2">(2)</ref> is, in the absence of any evidence to the contrary, to be treated by the registrar as reasonable cause to believe that the limited partnership has been dissolved for the purposes of section 19 of the Limited Partnerships Act 1907 (registrar’s power to confirm dissolution of limited partnership) (inserted by section 141 of this Act).</p></content></subsection><subsection eId="section-114-8"><num>(8)</num><content><p>Where the registrar proposes to rely on a failure by the general partners in the limited partnership to comply with subsection <ref href="#section-114-2">(2)</ref> as grounds for exercising the power in section 19 of the Limited Partnerships Act 1907, subsections (2) to (4) of that section (publication of warning notice) do not apply.</p></content></subsection></section><section eId="section-115"><num>115</num><heading>A limited partnership’s registered office: consequential amendments</heading><subsection eId="section-115-1"><num>(1)</num><content><p>Regulation 2 of the Alternative Investment Fund Managers Regulations 2013 (<ref eId="c00013" href="http://www.legislation.gov.uk/id/uksi/2013/1773">S.I. 2013/1773</ref>) (interpretation) is amended as follows.</p></content></subsection><subsection eId="section-115-2"><num>(2)</num><intro><p>In paragraph (1)—</p></intro><level class="para1" eId="section-115-2-a"><num>(a)</num><content><p><mod>at the end of paragraph (a) of the definition of “EEA AIF” insert <quotedText>“(but see paragraph <ref href="#d28e16562">(1A)</ref> if the AIF is a limited partnership)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-115-2-b"><num>(b)</num><content><p><mod>at the end of the definition of “Gibraltar AIF” insert <quotedText>“(but see paragraph <ref href="#d28e16562">(1A)</ref> if the AIF is a limited partnership)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-115-2-c"><num>(c)</num><content><p><mod>at the end of paragraph (b) of the definition of “UK AIF” insert <quotedText>“(but see paragraph <ref href="#d28e16562">(1A)</ref> if the AIF is a limited partnership)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-115-2-d"><num>(d)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“established”: a reference to the place where an AIF is established (however expressed) is, in relation to an AIF that is a limited partnership, a reference to—</p></intro><level class="para1"><num>(a)</num><content><p>the country in which the AIF is authorised or registered, or</p></content></level><level class="para1"><num>(b)</num><content><p>if the AIF is not authorised or registered, the country in which it has its principal place of business;</p></content></level></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-limited-partnership">limited partnership</term>” means a limited partnership registered under the Limited Partnerships Act 1907;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subsection><subsection eId="section-115-3"><num>(3)</num><content><p><mod>After paragraph (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="double"><paragraph eId="d28e16562"><num>(1A)</num><content><p>In the application of the definition of “EEA AIF”, “Gibraltar AIF” and “UK AIF” to an AIF that is a limited partnership, a reference to the AIF’s registered office is to be read as a reference to its principal place of business.</p></content></paragraph></quotedStructure></mod></p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-registered-email-addresses"><heading>Registered email addresses</heading><section eId="section-116"><num>116</num><heading>A limited partnership’s registered email address</heading><subsection eId="section-116-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-116-2"><num>(2)</num><content><p><mod>In section 8A (application for registration), in subsection (1), after paragraph <ref href="#d28e15972">(ab)</ref> (inserted by section 113 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ac)</num><content><p>specify the intended registered email address of the limited partnership, which must be an appropriate email address within the meaning given by section <ref href="#d28e16624">8H</ref><ref href="#d28e16634">(2)</ref>,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-116-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e16223">8G</ref> (inserted by section 113 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>A limited partnership‘s registered email address</heading><section eId="d28e16624"><num>8H</num><heading>Duty to maintain a registered email address</heading><subsection><num>(1)</num><content><p>The general partners in a limited partnership must ensure that its registered email address is at all times an appropriate email address.</p></content></subsection><subsection eId="d28e16634"><num>(2)</num><content><p>An email address is an “appropriate email address” if, in the ordinary course of events, emails sent to it by the registrar would be expected to come to the attention of a person acting on behalf of the limited partnership.</p></content></subsection><subsection><num>(3)</num><content><p>If the general partners fail to comply with this section an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(4)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(5)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(6)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(7)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection></section><section eId="d28e16700"><num>8I</num><heading>Change of registered email address</heading><subsection><num>(1)</num><content><p>A limited partnership’s registered email address can be changed by the general partners giving notice to the registrar.</p></content></subsection><subsection><num>(2)</num><content><p>The notice must include a statement that the new address is an appropriate email address within the meaning given by section <ref href="#d28e16624">8H</ref><ref href="#d28e16634">(2)</ref>.</p></content></subsection><subsection><num>(3)</num><content><p>The change takes effect upon the notice being registered by the registrar.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section><section eId="section-117"><num>117</num><heading>A limited partnership’s registered email address: transitional provision</heading><subsection eId="section-117-1"><num>(1)</num><content><p>This section applies in relation to a limited partnership registered under the Limited Partnerships Act 1907 in pursuance of an application for registration delivered to the registrar before section 116<ref href="#section-116-2">(2)</ref> came fully into force.</p></content></subsection><subsection eId="section-117-2"><num>(2)</num><content><p>The general partners must, within the transitional period, deliver to the registrar a statement specifying its registered email address (which must be an appropriate email address within the meaning given by section <ref href="#d28e16624">8H</ref><ref href="#d28e16634">(2)</ref> of that Act (inserted by section 116<ref href="#section-116-3">(3)</ref> of this Act)).</p></content></subsection><subsection eId="section-117-3"><num>(3)</num><intro><p>The provisions mentioned in subsection <ref href="#section-117-4">(4)</ref> do not apply in respect of the limited partnership until—</p></intro><level class="para1" eId="section-117-3-a"><num>(a)</num><content><p>the end of the transitional period, or</p></content></level><level class="para1" eId="section-117-3-b"><num>(b)</num><content><p>if earlier, the delivery of the statement mentioned in subsection <ref href="#section-117-2">(2)</ref>.</p></content></level></subsection><subsection eId="section-117-4"><num>(4)</num><intro><p>Those provisions are—</p></intro><level class="para1" eId="section-117-4-a"><num>(a)</num><content><p>section <ref href="#d28e16624">8H</ref> of the Limited Partnerships Act 1907 (inserted by section 116<ref href="#section-116-3">(3)</ref> of this Act);</p></content></level><level class="para1" eId="section-117-4-b"><num>(b)</num><content><p>section <ref href="#d28e19194">10D</ref><ref href="#d28e19254">(2)(c)</ref> of that Act (inserted by section 126 of this Act).</p></content></level></subsection><subsection eId="section-117-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 116<ref href="#section-116-2">(2)</ref> came fully into force.</p></content></hcontainer></subsection><subsection eId="section-117-6"><num>(6)</num><content><p>Failure by the general partners in a limited partnership to comply with subsection <ref href="#section-117-2">(2)</ref> is, in the absence of any evidence to the contrary, to be treated by the registrar as reasonable cause to believe that the limited partnership has been dissolved for the purposes of section <ref href="#d28e21741">19</ref> of the Limited Partnerships Act 1907 (registrar’s power to confirm dissolution of limited partnership) (inserted by section 141 of this Act).</p></content></subsection><subsection eId="section-117-7"><num>(7)</num><content><p>Where the registrar proposes to rely on a failure by the general partners in the limited partnership to comply with subsection <ref href="#section-117-2">(2)</ref> as grounds for exercising the power in section <ref href="#d28e21741">19</ref> of the Limited Partnerships Act 1907, subsections <ref href="#d28e21751">(2)</ref> to <ref href="#d28e21790">(4)</ref> of that section (publication of warning notice) do not apply.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-the-general-partners"><heading>The general partners</heading><section eId="section-118"><num>118</num><heading>Restrictions on general partners</heading><subsection eId="section-118-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-118-2"><num>(2)</num><intro><p>In section 8A (application for registration)—</p></intro><level class="para1" eId="section-118-2-a"><num>(a)</num><content><p><mod>after subsection <ref href="#d28e15992">(1A)</ref> (inserted by section 113 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e16898"><num>(1B)</num><content><p>The application must also contain a statement that none of the proposed general partners is disqualified under the directors disqualification legislation (see subsection (8)).</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-118-2-b"><num>(b)</num><content><p><mod>in subsection (8), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“disqualified under the directors disqualification legislation”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to a statement about a person delivered to the registrar for England and Wales or Scotland, means that the person falls within any of the entries in the first column of Part 1 of the table in section 159A of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to a statement about a person delivered to the registrar for Northern Ireland, means that the person falls within any of the entries in the first column of Part 2 of that table;</p></content></level></hcontainer></quotedStructure></mod></p></content></level></subsection><subsection eId="section-118-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e16700">8I</ref> (inserted by section 116 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Duty to remove disqualified general partners</heading><section eId="d28e16943"><num>8J</num><heading>Duty to remove disqualified general partners</heading><subsection eId="d28e16947"><num>(1)</num><content><p>The general partners in a limited partnership must take any steps that are necessary to ensure that any general partner in the limited partnership who is disqualified under the directors disqualification legislation (see subsection <ref href="#section-118-3">(3)</ref>) ceases to be a general partner.</p></content></subsection><subsection eId="d28e16956"><num>(2)</num><intro><p>Examples of the types of steps that the general partners might need to take include—</p></intro><level class="para1"><num>(a)</num><content><p>enforcing any express or implied agreement between the partners;</p></content></level><level class="para1"><num>(b)</num><content><p>giving any notice, making any application or otherwise acting to dissolve the limited partnership.</p></content></level></subsection><subsection><num>(3)</num><intro><p>A general partner in a limited partnership is “disqualified under the directors disqualification legislation” if—</p></intro><level class="para1"><num>(a)</num><content><p>where the limited partnership is registered in England and Wales or Scotland, the general partner falls within any of the entries in the first column of Part 1 of the table in section 159A of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><content><p>where the limited partnership is registered in Northern Ireland, the general partner falls within any of the entries in the first column of Part 2 of that table.</p></content></level></subsection><subsection><num>(4)</num><content><p>Subsection <ref href="#d28e16947">(1)</ref> applies irrespective of whether the general partner concerned became disqualified under the directors disqualification legislation before or after this section comes into force.</p></content></subsection><subsection><num>(5)</num><content><p>If the general partners fail to comply with this section an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(6)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(7)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(8)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(9)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section><section eId="section-119"><num>119</num><heading>Officers of general partners</heading><subsection eId="section-119-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-119-2"><num>(2)</num><content><p><mod>In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-corporate-managing-officer">corporate managing officer</term>” means a managing officer that is a legal entity;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-119-3"><num>(3)</num><content><p><mod>In section 8A (application for registration), after subsection <ref href="#d28e16898">(1B)</ref> (inserted by section 118 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e17099"><num>(1C)</num><intro><p>The application must be accompanied by a statement by each proposed general partner that is a legal entity (if any) specifying the name of its proposed registered officer, who must be an individual—</p></intro><level class="para1"><num>(a)</num><content><p>who is one of the general partner’s managing officers,</p></content></level><level class="para1"><num>(b)</num><content><p>who is not disqualified under the directors disqualification legislation (see subsection (8)), and</p></content></level><level class="para1"><num>(c)</num><content><p>whose identity is verified (within the meaning of section 1110A of the Companies Act 2006).</p></content></level></subsection><subsection eId="d28e17123"><num>(1D)</num><intro><p>The application must also be accompanied by one of the following statements by each proposed general partner that is a legal entity (if any)—</p></intro><level class="para1"><num>(a)</num><content><p>a statement that the general partner does not have any corporate managing officers, or</p></content></level><level class="para1" eId="d28e17135"><num>(b)</num><content><p>if the general partner has one or more corporate managing officers, a statement specifying, for each corporate managing officer, the name of the proposed named contact for the corporate managing officer.</p></content></level></subsection><subsection><num>(1E)</num><content><p>The proposed named contact for a corporate managing officer must be an individual who is a managing officer of the corporate managing officer.</p></content></subsection><subsection eId="d28e17147"><num>(1F)</num><intro><p>A statement under subsection <ref href="#d28e17099">(1C)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>contain the required information about the proposed registered officer (see Part 3 of the Schedule), and</p></content></level><level class="para1"><num>(b)</num><intro><p>be accompanied by a statement by the individual who is the proposed registered officer confirming that the individual—</p></intro><level class="para2"><num>(i)</num><content><p>is one of the general partner’s managing officers,</p></content></level><level class="para2"><num>(ii)</num><content><p>is not disqualified under the directors disqualification legislation (see subsection (8)), and</p></content></level><level class="para2"><num>(iii)</num><content><p>is an individual whose identity is verified (within the meaning of section 1110A of the Companies Act 2006).</p></content></level></level></subsection><subsection eId="d28e17186"><num>(1G)</num><intro><p>A statement under subsection <ref href="#d28e17135">(1D)(b)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>contain the required information about each proposed named contact specified in the statement (see Part <ref href="#d28e36448">4</ref> of the Schedule), and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by each proposed named contact confirming that the proposed named contact is a managing officer of the corporate managing officer concerned.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-119-4"><num>(4)</num><content><p><mod>After section <ref href="#d28e16943">8J</ref> (inserted by section 118 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Officers of general partners</heading><section eId="d28e17226"><num>8K</num><heading>Duty to maintain registered officer and named contacts</heading><subsection eId="d28e17230"><num>(1)</num><intro><p>A general partner that is a legal entity must at all times ensure that its registered officer is an individual—</p></intro><level class="para1" eId="d28e17236"><num>(a)</num><content><p>who is one of its managing officers,</p></content></level><level class="para1" eId="d28e17242"><num>(b)</num><content><p>who is not disqualified under the directors disqualification legislation (see subsection <ref href="#section-119-2">(2)</ref>), and</p></content></level><level class="para1" eId="d28e17251"><num>(c)</num><content><p>whose identity is verified (within the meaning of section 1110A of the Companies Act 2006).</p></content></level></subsection><subsection eId="d28e17257"><num>(2)</num><intro><p>The registered officer of a general partner in a limited partnership is “disqualified under the directors disqualification legislation” if—</p></intro><level class="para1"><num>(a)</num><content><p>where the limited partnership is registered in England and Wales or Scotland, the registered officer falls within any of the entries in the first column of Part 1 of the table in section 159A of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><content><p>where the limited partnership is registered in Northern Ireland, the registered officer falls within any of the entries in the first column of Part 2 of that table.</p></content></level></subsection><subsection eId="d28e17275"><num>(3)</num><content><p>A general partner that is a legal entity and that has one or more corporate managing officers must at all times ensure that the named contact for each corporate managing officer is an individual who is a managing officer of the corporate managing officer.</p></content></subsection><subsection eId="d28e17281"><num>(4)</num><intro><p>In this section “<term refersTo="#term-registered-officer">registered officer</term>”, in relation to a general partner that is a legal entity, means—</p></intro><level class="para1"><num>(a)</num><intro><p>the individual whose name is specified by the general partner in—</p></intro><level class="para2"><num>(i)</num><content><p>a statement delivered to the registrar under section 8A<ref href="#d28e17099">(1C)</ref> or 8R(4), or</p></content></level><level class="para2"><num>(ii)</num><content><p>a statement delivered to the registrar under section 120<ref href="#section-120-2-a">(2)(a)</ref> or 124<ref href="#section-124-2-a">(2)(a)</ref> of the Economic Crime and Corporate Transparency Act 2023 (transitional cases),</p></content></level><wrapUp><p>unless the general partner has changed its registered officer under section <ref href="#d28e17421">8L</ref><ref href="#d28e17425">(1)</ref>, or</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>if the general partner has changed its registered officer under section <ref href="#d28e17421">8L</ref><ref href="#d28e17425">(1)</ref>, the individual specified in the latest notice under that provision.</p></content></level></subsection><subsection eId="d28e17335"><num>(5)</num><intro><p>In this section “<term refersTo="#term-named-contact">named contact</term>”, in relation to the corporate managing officer of a general partner, means—</p></intro><level class="para1"><num>(a)</num><intro><p>the individual whose name is specified by the general partner for that corporate managing officer in—</p></intro><level class="para2"><num>(i)</num><content><p>a statement delivered to the registrar under section 8A<ref href="#d28e17135">(1D)(b)</ref>, 8R(5)(b) or <ref href="#d28e17567">8N</ref><ref href="#d28e17595">(3)</ref>, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a statement delivered to the registrar under section 120<ref href="#section-120-2-b-ii">(2)(b)(ii)</ref> or 124<ref href="#section-124-2-b-ii">(2)(b)(ii)</ref> of the Economic Crime and Corporate Transparency Act 2023 (transitional cases),</p></content></level><wrapUp><p>unless the general partner has changed the named contact for that corporate managing officer under section <ref href="#d28e17421">8L</ref><ref href="#d28e17436">(2)</ref>, or</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>if the general partner has changed the named contact for that corporate managing officer under section <ref href="#d28e17421">8L</ref><ref href="#d28e17436">(2)</ref>, the individual specified in the latest notice under that provision.</p></content></level></subsection><subsection><num>(6)</num><content><p>If a general partner’s registered officer ceases to fall within the description mentioned in subsection <ref href="#d28e17236">(1)(a)</ref> or <ref href="#d28e17242">(b)</ref>, the general partner does not fail to comply with subsection <ref href="#d28e17230">(1)</ref> by reason of that fact during the period of 14 days beginning with the day on which the registered officer so ceases.</p></content></subsection><subsection><num>(7)</num><content><p>If the named contact for a general partner’s corporate managing officer ceases to be a managing officer of the corporate managing officer, the general partner does not fail to comply with subsection <ref href="#d28e17275">(3)</ref> by reason of that fact during the period of 14 days beginning with the day on which the named contact so ceases.</p></content></subsection></section><section eId="d28e17421"><num>8L</num><heading>Change of registered officers and named contacts by general partner</heading><subsection eId="d28e17425"><num>(1)</num><content><p>A general partner may change its registered officer for the purposes of section <ref href="#d28e17226">8K</ref><ref href="#d28e17230">(1)</ref> by giving notice to the registrar containing the required information about the new registered officer (see Part 3 of the Schedule).</p></content></subsection><subsection eId="d28e17436"><num>(2)</num><content><p>A general partner may change the named contact for a corporate managing officer of the general partner for the purposes of section <ref href="#d28e17226">8K</ref><ref href="#d28e17275">(3)</ref> by giving notice to the registrar containing the required information about the new named contact (see Part <ref href="#d28e36448">4</ref> of the Schedule).</p></content></subsection><subsection><num>(3)</num><intro><p>A notice under subsection <ref href="#d28e17425">(1)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>include a statement by the general partner confirming that the new registered officer is an individual who meets the requirements in section 8K(1)(a) to (c), and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by the individual who is the new registered officer confirming that the individual meets the requirements in section 8K(1)(a) to (c).</p></content></level></subsection><subsection><num>(4)</num><intro><p>A notice under subsection <ref href="#d28e17436">(2)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>include a statement by the general partner that the new named contact for the corporate managing officer is a managing officer of the corporate managing officer, and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by the individual who is the new named contact confirming that the individual is an managing officer of the corporate managing officer.</p></content></level></subsection></section><section eId="d28e17495"><num>8M</num><heading>Duty to notify changes in general partner’s registered officer</heading><subsection eId="d28e17499"><num>(1)</num><content><p>A general partner that is a legal entity must give notice to the registrar of any change in the required information about its registered officer (see Part <ref href="#d28e36373">3</ref> of the Schedule).</p></content></subsection><subsection eId="d28e17508"><num>(2)</num><intro><p>A general partner that is a legal entity must give notice to the registrar of any change in the required information about its proposed registered officer that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for registration of the limited partnership in which the entity is a general partner was delivered to the registrar under section 8A, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the limited partnership was registered.</p></content></level></subsection><subsection eId="d28e17526"><num>(3)</num><content><p>A notice under this section must specify the date on which the change to which it relates occurred.</p></content></subsection><subsection><num>(4)</num><content><p>A notice under subsection <ref href="#d28e17499">(1)</ref> must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under subsection <ref href="#d28e17508">(2)</ref> must be given within the period of 14 days beginning with the day on which the limited partnership was registered.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-registered-officer">registered officer</term>” has the meaning given by section <ref href="#d28e17226">8K</ref><ref href="#d28e17281">(4)</ref>.</p></content></subsection></section><section eId="d28e17567"><num>8N</num><heading>Duty to notify named contact</heading><subsection eId="d28e17571"><num>(1)</num><content><p>A general partner that is a legal entity must give notice to the registrar if a legal entity becomes a corporate managing officer of the general partner.</p></content></subsection><subsection><num>(2)</num><intro><p>A general partner that is a legal entity must give notice to the registrar if a legal entity became a corporate managing officer of the general partner—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for registration of the limited partnership in which the entity is a general partner was delivered to the registrar under section 8A, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the limited partnership was registered.</p></content></level></subsection><subsection eId="d28e17595"><num>(3)</num><content><p>A notice under this section must include a statement specifying the name of the proposed named contact for the corporate managing officer.</p></content></subsection><subsection><num>(4)</num><content><p>The proposed named contact for a corporate managing officer must be an individual who is a managing officer of the corporate managing officer.</p></content></subsection><subsection><num>(5)</num><intro><p>The statement must—</p></intro><level class="para1"><num>(a)</num><content><p>contain the required information about the proposed named contact specified in the statement (see Part 4 of the Schedule), and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by the proposed named contact confirming that the proposed named contact is a managing officer of the corporate managing officer.</p></content></level></subsection><subsection><num>(6)</num><content><p>A notice under subsection <ref href="#d28e17571">(1)</ref> must be given within the period of 14 days beginning with the day on which the legal entity becomes a corporate managing officer of the general partner.</p></content></subsection><subsection><num>(7)</num><content><p>A notice under subsection <ref href="#d28e17508">(2)</ref> must be given within the period of 14 days beginning with the day on which the limited partnership was registered.</p></content></subsection></section><section eId="d28e17646"><num>8O</num><heading>Duty to notify changes in named contacts</heading><subsection><num>(1)</num><content><p>This section applies where a general partner that is a legal entity has one or more corporate managing officers.</p></content></subsection><subsection><num>(2)</num><content><p>The general partner must give notice to the registrar of any change in the required information about the named contact for any corporate managing officer (see Part 4 of the Schedule).</p></content></subsection><subsection><num>(3)</num><intro><p>The general partner must give notice to the registrar of any change in the required information about the proposed named contact for any corporate managing officer that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for registration of the limited partnership in which the entity is a general partner was delivered to the registrar under section 8A, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the limited partnership was registered.</p></content></level></subsection><subsection><num>(4)</num><content><p>A notice under this section must specify the date on which the change to which it relates occurred.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under subsection <ref href="#d28e17508">(2)</ref> must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection><subsection><num>(6)</num><content><p>A notice under subsection <ref href="#d28e17526">(3)</ref> must be given within the period of 14 days beginning with the day on which the limited partnership was registered.</p></content></subsection><subsection><num>(7)</num><content><p>In this section “<term refersTo="#term-named-contact">named contact</term>” has the meaning given by section <ref href="#d28e17226">8K</ref><ref href="#d28e17335">(5)</ref>.</p></content></subsection></section><section><num>8P</num><heading>Failure to comply with obligations relating to officers</heading><subsection><num>(1)</num><intro><p>If a general partner fails to comply with section <ref href="#d28e17226">8K</ref>, <ref href="#d28e17495">8M</ref>, <ref href="#d28e17567">8N</ref> or <ref href="#d28e17646">8O</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the general partner, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the general partner is a legal entity, any of its managing officers who is in default.</p></content></level></subsection><subsection><num>(2)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(3)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e17782"><num>(4)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(5)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e17782">(4)</ref>).</p></content></subsection></section><section><num>8Q</num><heading>Regulations about change of registered officer’s address by registrar</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to change a registered service address of a registered officer of a general partner if satisfied that the address does not meet the requirements of section 1141(1) and (2) of the Companies Act 2006.</p></content></subsection><subsection><num>(2)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-officer">registered officer</term>” has the meaning given by section 8K<ref href="#d28e17281">(4)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-service-address">registered service address</term>”, in relation to a registered officer, means the address for the time being shown in the register as the registered officer’s current service address.</p></content></hcontainer></subsection><subsection><num>(3)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection><subsection><num>(4)</num><intro><p>The regulations—</p></intro><level class="para1"><num>(a)</num><content><p>may include provision corresponding or similar to any provision that may be included in regulations under section 1097B of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><intro><p>must include—</p></intro><level class="para2"><num>(i)</num><content><p>provision about appeals corresponding to the provision that must be included in regulations under section 1097B by virtue of subsections (7) and (8) of that section;</p></content></level><level class="para2"><num>(ii)</num><content><p>provision corresponding to subsection (9) of that section.</p></content></level></level></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section><section eId="section-120"><num>120</num><heading>Officers of general partners: transitional provision</heading><subsection eId="section-120-1"><num>(1)</num><content><p>This section applies in relation to a limited partnership that was registered under the Limited Partnerships Act 1907 in pursuance of an application for registration delivered to the registrar before section 119(3) came fully into force.</p></content></subsection><subsection eId="section-120-2"><num>(2)</num><intro><p>Each general partner that is a legal entity and became a general partner in the limited partnership on its registration must, within the transitional period, deliver to the registrar—</p></intro><level class="para1" eId="section-120-2-a"><num>(a)</num><content><p>a statement of the kind mentioned in section 8A<ref href="#d28e17099">(1C)</ref> of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8A<ref href="#d28e17147">(1F)</ref> of that Act (both inserted by section 119<ref href="#section-119-3">(3)</ref> of this Act), and</p></content></level><level class="para1" eId="section-120-2-b"><num>(b)</num><intro><p>either—</p></intro><level class="para2" eId="section-120-2-b-i"><num>(i)</num><content><p>a statement that the general partner does not have any corporate managing officers, or</p></content></level><level class="para2" eId="section-120-2-b-ii"><num>(ii)</num><content><p>if the general partner has one or more corporate managing officers, a statement of the kind mentioned in section 8A<ref href="#d28e17135">(1D)(b)</ref> of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8A<ref href="#d28e17186">(1G)</ref> of that Act (both inserted by section 119<ref href="#section-119-3">(3)</ref> of this Act).</p></content></level></level></subsection><subsection eId="section-120-3"><num>(3)</num><intro><p>A general partner mentioned in subsection <ref href="#section-120-2">(2)</ref> is not required by the provisions mentioned in subsection <ref href="#section-120-4">(4)</ref> to give notice to the registrar if a legal entity becomes a corporate managing officer of the general partner before whichever is earlier of—</p></intro><level class="para1" eId="section-120-3-a"><num>(a)</num><content><p>the end of the transitional period, and</p></content></level><level class="para1" eId="section-120-3-b"><num>(b)</num><content><p>the delivery of the statement mentioned in subsection <ref href="#section-120-2-b">(2)(b)</ref>.</p></content></level></subsection><subsection eId="section-120-4"><num>(4)</num><intro><p>The provisions are—</p></intro><level class="para1" eId="section-120-4-a"><num>(a)</num><content><p>section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref> of the Limited Partnerships Act 1907 (inserted by section 119 of this Act), and</p></content></level><level class="para1" eId="section-120-4-b"><num>(b)</num><content><p>so far as it relates to section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref> of the Limited Partnerships Act 1907, section <ref href="#d28e19194">10D</ref><ref href="#d28e19213">(2)(a)</ref> of that Act (inserted by section 126 of this Act).</p></content></level></subsection><subsection eId="section-120-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 119<ref href="#section-119-3">(3)</ref> came fully into force.</p></content></hcontainer></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-removal-of-option-to-authenticate-application-by-signature"><heading>Removal of option to authenticate application by signature</heading><section eId="section-121"><num>121</num><heading>Removal of option to authenticate application by signature</heading><subsection eId="section-121-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-121-2"><num>(2)</num><content><p>In section 8A (application for registration), in subsection (1), in paragraph (c), omit “signed or otherwise”.</p></content></subsection><subsection eId="section-121-3"><num>(3)</num><content><p>In section 8D (application for designation as a private fund limited partnership), in subsection (2), in paragraph (e), omit “signed or otherwise”.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-changes-in-partnerships"><heading>Changes in partnerships</heading><section eId="section-122"><num>122</num><heading>Notification of information about partners</heading><content><p><mod>After section 8Q of the Limited Partnerships Act 1907 (inserted by section 119 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Notification of information about partners</heading><section eId="d28e18071"><num>8R</num><heading>Duty to notify registrar of change in partners</heading><subsection eId="d28e18075"><num>(1)</num><intro><p>The general partners in a limited partnership must give notice to the registrar if a person—</p></intro><level class="para1" eId="d28e18081"><num>(a)</num><content><p>becomes a general partner or limited partner in the limited partnership, or</p></content></level><level class="para1"><num>(b)</num><content><p>ceases to be a general partner or limited partner in the limited partnership.</p></content></level></subsection><subsection eId="d28e18093"><num>(2)</num><content><p>A notice under subsection <ref href="#d28e18081">(1)(a)</ref> must contain the required information about the general partner or limited partner (see Part 2 of the Schedule).</p></content></subsection><subsection eId="d28e18102"><num>(3)</num><content><p>A notice under subsection <ref href="#d28e18081">(1)(a)</ref> of a person becoming a general partner must contain a statement that the new general partner is not disqualified under the directors disqualification legislation (see section <ref href="#d28e16943">8J</ref>(3)).</p></content></subsection><subsection eId="d28e18114"><num>(4)</num><content><p>A notice under subsection <ref href="#d28e18081">(1)(a)</ref> of a legal entity becoming a general partner must be accompanied by a statement by the general partner specifying the name of its proposed registered officer, who must be an individual who meets the requirements in section <ref href="#d28e17226">8K</ref>(1)(a) to (c).</p></content></subsection><subsection eId="d28e18126"><num>(5)</num><intro><p>A notice under subsection <ref href="#d28e18081">(1)(a)</ref> of a legal entity becoming a general partner must be accompanied by one of the following statements by the general partner—</p></intro><level class="para1"><num>(a)</num><content><p>a statement that the general partner does not have any corporate managing officers, or</p></content></level><level class="para1" eId="d28e18141"><num>(b)</num><content><p>if the general partner has one or more corporate managing officers, a statement specifying, for each corporate managing officer, the name of the proposed named contact for the corporate managing officer.</p></content></level></subsection><subsection><num>(6)</num><content><p>The proposed named contact for a corporate managing officer must be an individual who is a managing officer of the corporate managing officer.</p></content></subsection><subsection eId="d28e18153"><num>(7)</num><intro><p>A statement under subsection <ref href="#d28e18114">(4)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>contain the required information about the proposed registered officer (see Part 3 of the Schedule), and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by the individual who is the proposed registered officer confirming that the individual meets the requirements in section <ref href="#d28e17226">8K</ref><ref href="#d28e17236">(1)(a)</ref> to <ref href="#d28e17251">(1)(c)</ref>.</p></content></level></subsection><subsection eId="d28e18182"><num>(8)</num><intro><p>A statement under subsection <ref href="#d28e18141">(5)(b)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>contain the required information about each proposed named contact specified in the statement (see Part 4 of the Schedule), and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by each proposed named contact confirming that the proposed named contact is a managing officer of the corporate managing officer concerned.</p></content></level></subsection><subsection><num>(9)</num><content><p>Subsection <ref href="#d28e18081">(1)(a)</ref> does not require the general partners, on registration of the limited partnership, to give notice in relation to a person named as a proposed general partner or a proposed limited partner in the application for registration under section 8A.</p></content></subsection><subsection><num>(10)</num><content><p>A notice under subsection <ref href="#d28e18075">(1)</ref> must specify the date on which the person became or ceased to be a general partner or limited partner in the limited partnership.</p></content></subsection><subsection eId="d28e18221"><num>(11)</num><content><p>A notice under subsection <ref href="#d28e18075">(1)</ref> must be given within the period of 14 days beginning with the day on which the person becomes or ceases to be a general partner or a limited partner.</p></content></subsection></section><section eId="d28e18233"><num>8S</num><heading>Duty to notify registrar of changes of information about partners</heading><subsection eId="d28e18237"><num>(1)</num><content><p>The general partners in a limited partnership must give notice to the registrar of any change in the required information about a partner (see Part 2 of the Schedule).</p></content></subsection><subsection eId="d28e18243"><num>(2)</num><content><p>The general partners in a limited partnership that is not a private fund limited partnership must give notice to the registrar of any change to the sum contributed by any limited partner.</p></content></subsection><subsection eId="d28e18249"><num>(3)</num><content><p>The general partners in a private fund limited partnership that was registered as a limited partnership before 6th April 2017 must give notice to the registrar of any withdrawal by a limited partner of the partner’s contribution which has the effect that the amount of the partner’s contribution is less than it was on the date on which the limited partnership was designated as a private fund limited partnership.</p></content></subsection><subsection><num>(4)</num><content><p>A notice under this section must specify the date on which the change to which it relates occurred.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection></section><section eId="d28e18270"><num>8T</num><heading>Notification of changes occurring before registration</heading><subsection eId="d28e18274"><num>(1)</num><content><p>The general partners in a limited partnership must give notice to the registrar if a person named as a proposed general partner or a proposed limited partner in the application for registration under section 8A did not become a general partner or limited partner on registration of the limited partnership.</p></content></subsection><subsection eId="d28e18280"><num>(2)</num><intro><p>The general partners in a limited partnership must give notice to the registrar of any change in the required information about a proposed general partner or a proposed limited partner (see Part 2 of the Schedule) that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for the limited partnership’s registration under section 8A was delivered to the registrar, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the limited partnership was registered.</p></content></level></subsection><subsection><num>(3)</num><content><p>A notice under subsection <ref href="#d28e18280">(2)</ref> must specify the date on which the change occurred.</p></content></subsection><subsection><num>(4)</num><content><p>But the general partners are not required to give notice under subsection <ref href="#d28e18280">(2)</ref> in respect of a person if they give notice under subsection <ref href="#d28e18274">(1)</ref> in respect of the person.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the limited partnership was registered.</p></content></subsection></section><section><num>8U</num><heading>Failure to notify information about partners</heading><subsection><num>(1)</num><content><p>If the general partners fail to comply with section <ref href="#d28e18071">8R</ref>, <ref href="#d28e18233">8S</ref> or <ref href="#d28e18270">8T</ref> an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(2)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(3)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(5)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection></section><section><num>8V</num><heading>Prohibition on acting unless general partner notified</heading><subsection><num>(1)</num><intro><p>This section applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a person has become a general partner in a limited partnership otherwise than on its registration, and</p></content></level><level class="para1"><num>(b)</num><content><p>notice under section <ref href="#d28e18071">8R</ref> of the person having done so has not been given within the period mentioned in subsection <ref href="#d28e18221">(11)</ref> of that section.</p></content></level></subsection><subsection eId="d28e18429"><num>(2)</num><content><p>The general partner may not take part in the management of the partnership business until notice is given under section <ref href="#d28e18071">8R</ref>.</p></content></subsection><subsection><num>(3)</num><intro><p>If a general partner contravenes subsection <ref href="#d28e18429">(2)</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the general partner, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the general partner is a legal entity, any of its managing officers who is in default.</p></content></level></subsection><subsection><num>(4)</num><content><p>But it is a defence for a person charged with an offence under this section to prove that they reasonably believed that notice had been given under section <ref href="#d28e18071">8R</ref>.</p></content></subsection><subsection><num>(5)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(6)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e18495"><num>(7)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(8)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e18495">(7)</ref>).</p></content></subsection><subsection><num>(9)</num><content><p>The only consequence of contravening subsection <ref href="#d28e18429">(2)</ref> is the offence provided for by this section (so that, for example, a contravention does not in any way affect the validity of the general partner’s actions).</p></content></subsection><subsection><num>(10)</num><content><p>Nothing in this section shall affect the liability of the general partner for all debts and obligations of the firm.</p></content></subsection></section><section><num>8W</num><heading>Regulations about change of general partner’s address by registrar</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to—</p></intro><level class="para1"><num>(a)</num><content><p>change a registered service address of a general partner in a limited partnership if satisfied that the address does not meet the requirements of section 1141(1) and (2) of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><content><p>change the address registered as the principal office of a general partner in a limited partnership if satisfied that the address is not in fact their principal office.</p></content></level></subsection><subsection><num>(2)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-address-registered-as-the-principal-office">address registered as the principal office</term>”, in relation to a general partner, means the address for the time being shown in the register as the address of the general partner’s current principal office;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-service-address">registered service address</term>”, in relation to a general partner, means the address for the time being shown in the register as the general partner’s current service address.</p></content></hcontainer></subsection><subsection><num>(3)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection><subsection><num>(4)</num><intro><p>The regulations—</p></intro><level class="para1"><num>(a)</num><content><p>may include provision corresponding or similar to any provision that may be included in regulations under section 1097B of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><intro><p>must include—</p></intro><level class="para2"><num>(i)</num><content><p>provision about appeals corresponding to the provision that must be included in regulations under section 1097B by virtue of subsections (7) and (8) of that section;</p></content></level><level class="para2"><num>(ii)</num><content><p>provision corresponding to subsection (9) of that section.</p></content></level></level></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section><section eId="section-123"><num>123</num><heading>New partners: transitional provision about required information</heading><subsection eId="section-123-1"><num>(1)</num><intro><p>This section applies in relation to a person who—</p></intro><level class="para1" eId="section-123-1-a"><num>(a)</num><content><p>is a partner in a limited partnership, and</p></content></level><level class="para1" eId="section-123-1-b"><num>(b)</num><content><p>became a partner in the limited partnership before section 122 came fully into force,</p></content></level><wrapUp><p>other than a person who became a partner in the limited partnership on its registration.</p></wrapUp></subsection><subsection eId="section-123-2"><num>(2)</num><content><p>The general partners in the limited partnership must, within the transitional period, deliver a statement to the registrar specifying the required information about the partner (within the meaning of the Schedule to the Limited Partnerships Act 1907 (inserted by Schedule 4 to this Act)).</p></content></subsection><subsection eId="section-123-3"><num>(3)</num><intro><p>If a change in the required information about the partner occurs before whichever is earlier of—</p></intro><level class="para1" eId="section-123-3-a"><num>(a)</num><content><p>the end of the transitional period, and</p></content></level><level class="para1" eId="section-123-3-b"><num>(b)</num><content><p>the delivery of the statement mentioned in subsection <ref href="#section-123-2">(2)</ref>,</p></content></level><wrapUp><p>the general partners in the limited partnership are not required by the provisions mentioned in subsection <ref href="#section-123-4">(4)</ref> to give notice to the registrar of the change, unless it is a change to the partner’s name.</p></wrapUp></subsection><subsection eId="section-123-4"><num>(4)</num><intro><p>The provisions are—</p></intro><level class="para1" eId="section-123-4-a"><num>(a)</num><content><p>section 8S(1) of the Limited Partnerships Act 1907 (inserted by section 122 of this Act), and</p></content></level><level class="para1" eId="section-123-4-b"><num>(b)</num><content><p>so far as it relates to section 8S(1) of the Limited Partnerships Act 1907, section <ref href="#d28e19194">10D</ref><ref href="#d28e19213">(2)(a)</ref> of that Act (inserted by section 126 of this Act).</p></content></level></subsection><subsection eId="section-123-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 122 came fully into force.</p></content></hcontainer></subsection><subsection eId="section-123-6"><num>(6)</num><content><p>Failure by the general partners in a limited partnership to comply with subsection <ref href="#section-123-2">(2)</ref> is, in the absence of any evidence to the contrary, to be treated by the registrar as reasonable cause to believe that the limited partnership has been dissolved for the purposes of section <ref href="#d28e21741">19</ref> of the Limited Partnerships Act 1907 (registrar’s power to confirm dissolution of limited partnership) (inserted by section 141 of this Act).</p></content></subsection><subsection eId="section-123-7"><num>(7)</num><content><p>Where the registrar proposes to rely on a failure by the general partners in the limited partnership to comply with subsection <ref href="#section-123-2">(2)</ref> as grounds for exercising the power in section <ref href="#d28e21741">19</ref> of the Limited Partnerships Act 1907, subsections <ref href="#section-141-2">(2)</ref> to <ref href="#section-141-4">(4)</ref> of that section (publication of warning notice) do not apply.</p></content></subsection></section><section eId="section-124"><num>124</num><heading>New general partners: transitional provision about officers</heading><subsection eId="section-124-1"><num>(1)</num><intro><p>This section applies in relation to a general partner that—</p></intro><level class="para1" eId="section-124-1-a"><num>(a)</num><content><p>is a legal entity, and</p></content></level><level class="para1" eId="section-124-1-b"><num>(b)</num><content><p>became a general partner before section 122 came fully into force,</p></content></level><wrapUp><p>other than a legal entity that became a general partner in a limited partnership on its registration.</p></wrapUp></subsection><subsection eId="section-124-2"><num>(2)</num><intro><p>The general partner must, within the transitional period, deliver to the registrar—</p></intro><level class="para1" eId="section-124-2-a"><num>(a)</num><content><p>a statement of the kind mentioned in section 8R(4) of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8R(7) of that Act (both inserted by section 122 of this Act), and</p></content></level><level class="para1" eId="section-124-2-b"><num>(b)</num><intro><p>either a statement—</p></intro><level class="para2" eId="section-124-2-b-i"><num>(i)</num><content><p>that the general partner does not have any corporate managing officers, or</p></content></level><level class="para2" eId="section-124-2-b-ii"><num>(ii)</num><content><p>if the general partner has one or more corporate managing officers, a statement of the kind mentioned in section 8R(5)(b) of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8R(8) of that Act (both inserted by section 122 of this Act).</p></content></level></level></subsection><subsection eId="section-124-3"><num>(3)</num><intro><p>The general partner is not required by the provisions mentioned in subsection <ref href="#section-124-4">(4)</ref> to give notice to the registrar if a legal entity becomes a corporate managing officer of the general partner before whichever is earlier of—</p></intro><level class="para1" eId="section-124-3-a"><num>(a)</num><content><p>the end of the transitional period, and</p></content></level><level class="para1" eId="section-124-3-b"><num>(b)</num><content><p>the delivery of the statement mentioned in subsection <ref href="#section-124-2-b">(2)(b)</ref>.</p></content></level></subsection><subsection eId="section-124-4"><num>(4)</num><intro><p>The provisions are—</p></intro><level class="para1" eId="section-124-4-a"><num>(a)</num><content><p>section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref> of the Limited Partnerships Act 1907 (inserted by section 119 of this Act), and</p></content></level><level class="para1" eId="section-124-4-b"><num>(b)</num><content><p>so far as it relates to section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref> of the Limited Partnerships Act 1907, section <ref href="#d28e19194">10D</ref><ref href="#d28e19213">(2)(a)</ref> of that Act (inserted by section 126 of this Act).</p></content></level></subsection><subsection eId="section-124-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 122 came fully into force.</p></content></hcontainer></subsection></section><section eId="section-125"><num>125</num><heading>Notification of other changes</heading><subsection eId="section-125-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-125-2"><num>(2)</num><content><p><mod>In section 8A (application for registration), in subsection (2), for paragraph (a) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(a)</num><content><p>the intended general nature of the limited partnership’s business,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-125-3"><num>(3)</num><content><p>Omit section 9 (registration of changes in partnerships).</p></content></subsection><subsection eId="section-125-4"><num>(4)</num><content><p><mod>After section 10 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Notification of other changes in partnerships</heading><section eId="d28e18931"><num>10A</num><heading>Duty to notify registrar of other changes in partnerships</heading><subsection><num>(1)</num><content><p>The general partners in a limited partnership must give notice to the registrar of any change mentioned in subsection <ref href="#d28e18944">(2)</ref>.</p></content></subsection><subsection eId="d28e18944"><num>(2)</num><intro><p>The changes are—</p></intro><level class="para1"><num>(a)</num><intro><p>in the case of any limited partnership, changes to—</p></intro><level class="para2"><num>(i)</num><content><p>the firm name, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the address of the principal place of business of the limited partnership;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>in the case of a limited partnership that is not a private fund limited partnership, changes to—</p></intro><level class="para2" eId="d28e18974"><num>(i)</num><content><p>the general nature of the limited partnership’s business, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the term or character of the limited partnership.</p></content></level></level></subsection><subsection><num>(3)</num><content><p>The notice must specify the date on which the change occurred.</p></content></subsection><subsection eId="d28e18992"><num>(4)</num><content><p>A notice under subsection <ref href="#d28e18974">(2)(b)(i)</ref> may specify the change to the general nature of the partnership business by reference to one or more categories of any system of classifying business activities prescribed by regulations made by the Secretary of State under section 8A<ref href="#d28e15868">(2A)</ref>.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection></section><section eId="d28e19013"><num>10B</num><heading>Notification of other changes occurring before registration</heading><subsection eId="d28e19017"><num>(1)</num><content><p>The general partners in a limited partnership must give notice to the registrar if, on registration of the limited partnership, the address of the principal place of business of the limited partnership is different to that contained in the application for registration under section 8A.</p></content></subsection><subsection eId="d28e19023"><num>(2)</num><intro><p>The general partners in a limited partnership that is not a private fund limited partnership must give notice to the registrar if, on registration of the limited partnership, any of the following details are different to those contained in the application for registration under section 8A—</p></intro><level class="para1" eId="d28e19029"><num>(a)</num><content><p>the general nature of the limited partnership’s business,</p></content></level><level class="para1" eId="d28e19035"><num>(b)</num><content><p>the term of the limited partnership,</p></content></level><level class="para1" eId="d28e19041"><num>(c)</num><content><p>the amount of the capital contribution of a limited partner, or</p></content></level><level class="para1" eId="d28e19047"><num>(d)</num><content><p>the form of the capital contribution of a limited partner.</p></content></level></subsection><subsection><num>(3)</num><content><p>A notice under subsection <ref href="#d28e19017">(1)</ref> must specify the address of the principal place of business of the limited partnership.</p></content></subsection><subsection><num>(4)</num><intro><p>A notice under subsection <ref href="#d28e19029">(2)(a)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>must specify the general nature of the limited partnership’s business, and</p></content></level><level class="para1"><num>(b)</num><content><p>may do so by reference to one or more categories of any system of classifying business activities prescribed by regulations made by the Secretary of State under section 8A<ref href="#d28e15868">(2A)</ref>.</p></content></level></subsection><subsection><num>(5)</num><content><p>A notice under subsection <ref href="#d28e19035">(2)(b)</ref>, <ref href="#d28e19041">(c)</ref> or <ref href="#d28e19047">(d)</ref> must specify the details mentioned in the paragraph under which the notice is given.</p></content></subsection><subsection><num>(6)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the limited partnership was registered.</p></content></subsection></section><section><num>10C</num><heading>Failure to notify other changes in partnerships</heading><subsection><num>(1)</num><content><p>If the general partners fail to comply with section <ref href="#d28e18931">10A</ref> or <ref href="#d28e19013">10B</ref> an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(2)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(3)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity who is in default also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(5)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section><section eId="section-126"><num>126</num><heading>Confirmation statements</heading><content><p><mod>After section 10C of the Limited Partnerships Act 1907 (inserted by section 125 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Confirmation statements</heading><section eId="d28e19194"><num>10D</num><heading>Duty to deliver confirmation statements</heading><subsection eId="d28e19198"><num>(1)</num><content><p>The general partners in a limited partnership must, within the period of 14 days after each review period, deliver to the registrar a statement (a “confirmation statement”) confirming that any information required by subsection <ref href="#d28e19207">(2)</ref> is being delivered at the same time as the confirmation statement.</p></content></subsection><subsection eId="d28e19207"><num>(2)</num><intro><p>The information that must be delivered at the same time as the confirmation statement is—</p></intro><level class="para1" eId="d28e19213"><num>(a)</num><content><p>a notice of any notifiable change in respect of which a notice under section <ref href="#d28e17567">8N</ref>, 8R, 8S or <ref href="#d28e18931">10A</ref> has not been delivered,</p></content></level><level class="para1" eId="d28e19225"><num>(b)</num><intro><p>a notice under section <ref href="#d28e16160">8F</ref> if—</p></intro><level class="para2"><num>(i)</num><content><p>the limited partnership’s registered office is not at an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref> when the confirmation statement is made, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the limited partnership has not given a notice under section <ref href="#d28e16160">8F</ref> that is awaiting registration by the registrar,</p></content></level></level><level class="para1" eId="d28e19254"><num>(c)</num><intro><p>a notice under section <ref href="#d28e16700">8I</ref> if—</p></intro><level class="para2"><num>(i)</num><content><p>the limited partnership’s registered email address is not at an appropriate email address within the meaning given by section <ref href="#d28e16624">8H</ref><ref href="#d28e16634">(2)</ref> when the confirmation statement is made, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the limited partnership has not given a notice under section <ref href="#d28e16700">8I</ref> that is awaiting registration by the registrar,</p></content></level></level><level class="para1"><num>(d)</num><intro><p>a notice under section <ref href="#d28e17421">8L</ref><ref href="#d28e17425">(1)</ref> by each general partner that—</p></intro><level class="para2"><num>(i)</num><content><p>is a legal entity,</p></content></level><level class="para2"><num>(ii)</num><content><p>has a registered officer who does not meet the requirements in section <ref href="#d28e17226">8K</ref><ref href="#d28e17236">(1)(a)</ref> to <ref href="#d28e17251">(c)</ref>, and</p></content></level><level class="para2"><num>(iii)</num><content><p>has not given a notice under section <ref href="#d28e17421">8L</ref><ref href="#d28e17425">(1)</ref> that is awaiting registration by the registrar, and</p></content></level></level><level class="para1"><num>(e)</num><intro><p>if any general partner that is a legal entity has one or more corporate managing officers—</p></intro><level class="para2"><num>(i)</num><content><p>for which the named contact is not an individual who is a managing officer of the corporate managing officer, and</p></content></level><level class="para2"><num>(ii)</num><content><p>in respect of which the general partner has not given a notice under section <ref href="#d28e17421">8L</ref><ref href="#d28e17436">(2)</ref> that is awaiting registration by the registrar,</p></content></level><wrapUp><p>a notice under section <ref href="#d28e17421">8L</ref><ref href="#d28e17436">(2)</ref> by each such general partner in respect of each such corporate managing officer.</p></wrapUp></level></subsection><subsection eId="d28e19355"><num>(3)</num><intro><p>For the purposes of this section, each of the following is a review period—</p></intro><level class="para1" eId="d28e19361"><num>(a)</num><intro><p>where the limited partnership was registered before this section comes fully into force, the period—</p></intro><level class="para2"><num>(i)</num><content><p>beginning with the date of the limited partnership’s registration, and</p></content></level><level class="para2"><num>(ii)</num><content><p>ending with the period of 6 months beginning when this section comes fully into force;</p></content></level></level><level class="para1" eId="d28e19379"><num>(b)</num><content><p>where the limited partnership was registered after this section comes fully into force, the period of 12 months beginning with the date of the limited partnership’s registration;</p></content></level><level class="para1"><num>(c)</num><content><p>each period of 12 months beginning with the day after the end of the previous review period.</p></content></level></subsection><subsection><num>(4)</num><intro><p>But a review period may be shortened by the general partners—</p></intro><level class="para1"><num>(a)</num><content><p>notifying the registrar of the shortened review period, and</p></content></level><level class="para1"><num>(b)</num><content><p>delivering the confirmation statement within the period of 14 days after that shortened review period.</p></content></level></subsection><subsection><num>(5)</num><content><p>For the purpose of making a confirmation statement, the general partners in a limited partnership are entitled to assume that information that has been delivered to the registrar has been properly delivered unless the registrar has notified the limited partnership otherwise.</p></content></subsection><subsection><num>(6)</num><content><p>In this section a “<term refersTo="#term-notifiable-change">notifiable change</term>” means a change mentioned in section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref>, 8R(1), 8S(1) to (3) or <ref href="#d28e18931">10A</ref><ref href="#d28e18944">(2)</ref> that occurred during the review period.</p></content></subsection></section><section><num>10E</num><heading>Power to amend matters to be confirmed in confirmation statement</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make further provision about the matters that must be confirmed in a confirmation statement delivered under section <ref href="#d28e19194">10D</ref><ref href="#d28e19198">(1)</ref>.</p></content></subsection><subsection><num>(2)</num><intro><p>The regulations may—</p></intro><level class="para1"><num>(a)</num><content><p>amend or repeal the provisions of section <ref href="#d28e19194">10D</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>provide for exceptions from the requirements of that section as it has effect from time to time.</p></content></level></subsection><subsection><num>(3)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section><section><num>10F</num><heading>Failure to deliver confirmation statement</heading><subsection eId="d28e19486"><num>(1)</num><content><p>If the general partners fail to comply with section <ref href="#d28e19194">10D</ref><ref href="#d28e19198">(1)</ref> an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(2)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(3)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(5)</num><content><p>The contravention continues until such time as the general partners have delivered the statement required by section <ref href="#d28e19194">10D</ref><ref href="#d28e19198">(1)</ref>.</p></content></subsection><subsection><num>(6)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section><section eId="section-127"><num>127</num><heading>Confirmation statements: Scottish partnerships</heading><content><p><mod>In regulation 37 of the Scottish Partnerships (Register of People with Significant Control) Regulations 2017 (<ref eId="c00014" href="http://www.legislation.gov.uk/id/uksi/2017/694">S.I. 2017/694</ref>) (review period), for paragraphs (4) and (5) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="double"><paragraph><num>(4)</num><content><p>For the purpose of making a confirmation statement, an eligible Scottish partnership is entitled to assume that information that has been delivered to the registrar has been properly delivered unless the registrar has notified the eligible Scottish partnership otherwise.</p></content></paragraph></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-accounts"><heading>Accounts</heading><section eId="section-128"><num>128</num><heading>Power for HMRC to obtain accounts</heading><content><p><mod>After section 10F of the Limited Partnerships Act 1907 (inserted by section 126 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Power for HMRC to obtain accounts</heading><section><num>10G</num><heading>Power for HMRC to obtain accounts</heading><subsection eId="d28e19603"><num>(1)</num><intro><p>HMRC may by notice in writing require the general partners in a limited partnership to—</p></intro><level class="para1"><num>(a)</num><content><p>prepare accounts in accordance with regulations made by the Secretary of State for the purposes of this paragraph;</p></content></level><level class="para1"><num>(b)</num><intro><p>deliver those accounts to HMRC, together with—</p></intro><level class="para2"><num>(i)</num><content><p>an auditor’s report prepared in accordance with regulations made by the Secretary of State for the purposes of this sub-paragraph;</p></content></level><level class="para2"><num>(ii)</num><content><p>such supporting evidence as may be required by regulations made by the Secretary of the State for the purposes of this sub-paragraph.</p></content></level></level></subsection><subsection><num>(2)</num><intro><p>A requirement under this section may specify—</p></intro><level class="para1"><num>(a)</num><content><p>the period to which the accounts must relate;</p></content></level><level class="para1"><num>(b)</num><content><p>the form and manner in which the documents are to be delivered;</p></content></level><level class="para1" eId="d28e19651"><num>(c)</num><content><p>the period within which they are to be delivered.</p></content></level></subsection><subsection><num>(3)</num><content><p>HMRC may by notice in writing extend a period specified in a requirement under this section.</p></content></subsection><subsection eId="d28e19663"><num>(4)</num><content><p>If the general partners in a limited partnership fail to comply with a requirement under this section an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(5)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(6)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(7)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum;</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum.</p></content></level></level></subsection><subsection><num>(8)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection><num>(9)</num><content><p>In this section “<term refersTo="#term-hmrc">HMRC</term>” means the Commissioners for His Majesty’s Revenue and Customs.</p></content></subsection><subsection><num>(10)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-dissolution-winding-up-and-sequestration"><heading>Dissolution, winding up and sequestration</heading><section eId="section-129"><num>129</num><heading>Dissolution and winding up: modifications of general law</heading><subsection eId="section-129-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-129-2"><num>(2)</num><intro><p>In section 4 (definition and constitution of limited partnership)—</p></intro><level class="para1" eId="section-129-2-a"><num>(a)</num><content><p><mod>in subsection (2), after “firm” insert <quotedText>“(including debts and obligations incurred in accordance with section 38 of the Partnership Act 1890)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-129-2-b"><num>(b)</num><content><p><mod>in subsections (2A) and (2B)(b), after “firm” insert <quotedText>“(including debts or obligations incurred in accordance with section 38 of the Partnership Act 1890)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-129-2-c"><num>(c)</num><content><p><mod>in subsection (3), after “firm” insert <quotedText>“(including debts and obligations incurred in accordance with section 38 of the Partnership Act 1890)”</quotedText>.</mod></p></content></level></subsection><subsection eId="section-129-3"><num>(3)</num><intro><p>In section 6 (modifications of general law in case of limited partnerships)—</p></intro><level class="para1" eId="section-129-3-a"><num>(a)</num><content><p><mod>in subsection (1), after “firm”, in the third place it occurs, insert <quotedText>“(including debts and obligations incurred in accordance with section 38 of the Partnership Act 1890)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-129-3-b"><num>(b)</num><content><p><mod>for subsection (1A) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><content><p>Section 6A (actions by limited partners) makes provision supplementing subsection (1).</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-129-3-c"><num>(c)</num><content><p>in subsection (2) omit “or bankruptcy”;</p></content></level><level class="para1" eId="section-129-3-d"><num>(d)</num><content><p><mod>after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e19846"><num>(2A)</num><content><p>A limited partnership shall not be dissolved under section 33(1) of the Partnership Act 1890 by the bankruptcy of a partner.</p></content></subsection><subsection><num>(2B)</num><intro><p>A limited partnership is dissolved if—</p></intro><level class="para1"><num>(a)</num><content><p>it ceases to have any general partners,</p></content></level><level class="para1"><num>(b)</num><content><p>it ceases to have any limited partners, or</p></content></level><level class="para1"><num>(c)</num><content><p>each general partner is either insolvent or disqualified under the directors disqualification legislation (see section 8J(3)), irrespective of whether they became insolvent or disqualified before or after this subsection comes into force.</p></content></level></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-129-3-e"><num>(e)</num><content><p>omit subsection (3);</p></content></level><level class="para1" eId="section-129-3-f"><num>(f)</num><content><p><mod>for subsections (3A) and (3B) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e19891"><num>(3A)</num><intro><p>If a limited partnership is dissolved at a time when the partnership has at least one general partner who is—</p></intro><level class="para1"><num>(a)</num><content><p>solvent, and</p></content></level><level class="para1"><num>(b)</num><content><p>not disqualified under the directors disqualification legislation,</p></content></level><wrapUp><p>the general partners at that time who are solvent and are not so disqualified must either wind up the partnership’s affairs or take all reasonable steps to ensure that its affairs are wound up by a person who is not a partner at that time.</p></wrapUp></subsection><subsection eId="d28e19911"><num>(3B)</num><intro><p>If a limited partnership is dissolved at a time when the partnership does not have a general partner who is—</p></intro><level class="para1"><num>(a)</num><content><p>solvent, and</p></content></level><level class="para1"><num>(b)</num><content><p>not disqualified under the directors disqualification legislation,</p></content></level><wrapUp><p>the limited partners at that time who are solvent must take all reasonable steps to ensure that the partnership’s affairs are wound up by a person who is not a limited partner at that time.</p></wrapUp></subsection><subsection><num>(3BA)</num><content><p>For enforcement of the duties under subsections <ref href="#d28e19891">(3A)</ref> and <ref href="#d28e19911">(3B)</ref> see section 29.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-129-3-g"><num>(g)</num><content><p>omit subsection (3C).</p></content></level></subsection><subsection eId="section-129-4"><num>(4)</num><intro><p>In section 6A (private fund limited partnerships: actions by limited partners)—</p></intro><level class="para1" eId="section-129-4-a"><num>(a)</num><content><p>in the heading, omit “private fund limited partnerships:”;</p></content></level><level class="para1" eId="section-129-4-b"><num>(b)</num><content><p><mod>before subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>A1</num><content><p>A limited partner in a limited partnership is not to be regarded as taking part in the management of the partnership business for the purposes of section 6(1) merely because the limited partner appoints a person to wind up the limited partnership pursuant to section 6<ref href="#d28e19911">(3B)</ref>.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-129-4-c"><num>(c)</num><content><p>omit subsection (2)(b);</p></content></level><level class="para1" eId="section-129-4-d"><num>(d)</num><intro><p>in subsection (4)—</p></intro><level class="para2" eId="section-129-4-d-i"><num>(i)</num><content><p>in paragraph (a), omit “private fund”;</p></content></level><level class="para2" eId="section-129-4-d-ii"><num>(ii)</num><content><p>omit paragraph (b) and the “or” before it;</p></content></level></level><level class="para1" eId="section-129-4-e"><num>(e)</num><content><p><mod>after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><content><p>Nothing in subsections (1) to (3) affects the circumstances in which a limited partner in a limited partnership that is not a private fund limited partnership may be regarded as taking part in the management of the partnership business.</p></content></subsection></quotedStructure></mod></p></content></level></subsection></section><section eId="section-130"><num>130</num><heading>Dissolution by the court when a partner has a mental disorder</heading><subsection eId="section-130-1"><num>(1)</num><content><p><mod>In section 35 of the Partnership Act 1890 (dissolution by the Court), for paragraph (a) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(a)</num><content><p>When a partner has a mental disorder within the meaning of section 328 of the Mental Health (Care and Treatment) (Scotland) Act 2003 or section 305 of the Mental Capacity Act (Northern Ireland) 2016 (as the case may be):</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-130-2"><num>(2)</num><content><p>In section 6 of the Limited Partnerships Act 1907 (modifications of general law in case of limited partnerships), in subsection (2), omit the words from “, and” to the end.</p></content></subsection></section><section eId="section-131"><num>131</num><heading>Winding up limited partnerships on grounds of public interest</heading><content><p><mod>After section 27 of the Limited Partnerships Act 1907 (inserted by section 144 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Winding up: applications and petitions to the court</heading><section><num>28</num><heading>Winding up limited partnerships on grounds of public interest</heading><subsection eId="d28e20068"><num>(1)</num><content><p>Where it appears to the Secretary of State that it is expedient in the public interest for a limited partnership to be wound up, the Secretary of State may present a petition to the court for it to be wound up.</p></content></subsection><subsection><num>(2)</num><content><p>Where it appears to the Scottish Ministers that it is expedient in the public interest for a limited partnership registered in Scotland to be wound up, the Scottish Ministers may present a petition to the court for it to be wound up.</p></content></subsection><subsection><num>(3)</num><content><p>Where it appears to the Department for the Economy in Northern Ireland that it is expedient in the public interest for a limited partnership registered in Northern Ireland to be wound up, the Department may present a petition to the court for it to be wound up.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State must consult the Scottish Ministers before presenting a petition under subsection (1) in respect of a limited partnership registered in Scotland.</p></content></subsection><subsection><num>(5)</num><content><p>The Secretary of State must consult the Department for the Economy in Northern Ireland before presenting a petition under subsection (1) in respect of a limited partnership registered in Northern Ireland.</p></content></subsection><subsection eId="d28e20098"><num>(6)</num><content><p>If a petition is presented under this section, the court may wind up the limited partnership if the court is of the opinion that it is just and equitable for it to be wound up.</p></content></subsection><subsection><num>(7)</num><content><p>The power in subsection <ref href="#d28e20098">(6)</ref> does not limit any other power the court has in the same circumstances.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section><section eId="section-132"><num>132</num><heading>Winding up dissolved limited partnerships</heading><content><p><mod>After section 28 of the Limited Partnerships Act 1907 (inserted by section 131 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>29</num><heading>Winding up dissolved limited partnerships</heading><subsection eId="d28e20131"><num>(1)</num><intro><p>Where a limited partnership is dissolved and it appears to the court that there has been a failure to wind up the limited partnership under section 6(3A) or (3B) properly or at all, the court may make any order it considers appropriate, including an order—</p></intro><level class="para1"><num>(a)</num><content><p>for the purposes of enforcing the duty in section 6<ref href="#d28e19891">(3A)</ref> or <ref href="#d28e19911">(3B)</ref>,</p></content></level><level class="para1"><num>(b)</num><content><p>in connection with the performance of that duty, or</p></content></level><level class="para1" eId="d28e20155"><num>(c)</num><content><p>to wind up the limited partnership.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The court may make an order under subsection <ref href="#d28e20131">(1)</ref> on an application by any of the following—</p></intro><level class="para1"><num>(a)</num><content><p>the Secretary of State;</p></content></level><level class="para1"><num>(b)</num><content><p>the Scottish Ministers, but only if the limited partnership is registered in Scotland or they appear to the court to have sufficient interest for any other reason;</p></content></level><level class="para1"><num>(c)</num><content><p>the Department for the Economy in Northern Ireland, but only if the limited partnership is registered in Northern Ireland or the Department appears to the court to have sufficient interest for any other reason;</p></content></level><level class="para1"><num>(d)</num><content><p>any other person appearing to the court to have sufficient interest.</p></content></level></subsection><subsection><num>(3)</num><content><p>The Secretary of State must consult the Scottish Ministers before making an application for an order under subsection (1) in respect of a limited partnership registered in Scotland.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State must consult the Department for the Economy in Northern Ireland before making an application for an order under subsection (1) in respect of a limited partnership registered in Northern Ireland.</p></content></subsection><subsection eId="d28e20206"><num>(5)</num><content><p>The power in subsection <ref href="#d28e20131">(1)</ref> does not limit any other power the court has in the same circumstances.</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-133"><num>133</num><heading>Power to make provision about winding up</heading><content><p><mod>After section 29 of the Limited Partnerships Act 1907 (inserted by section 132 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e20229"><num>30</num><heading>Power to make provision about winding up</heading><subsection eId="d28e20233"><num>(1)</num><content><p>The Secretary of State may by regulations make provision in relation to the winding up of a limited partnership under section 28 or 29 that corresponds or is similar to any provision of the Insolvency Act 1986 or the Insolvency (Northern Ireland) Order 1989 (including any provision of that Act or Order that relates to the allocation of jurisdiction or distribution of business between courts in any part of the United Kingdom).</p></content></subsection><subsection eId="d28e20239"><num>(2)</num><intro><p>Before making regulations under subsection <ref href="#d28e20233">(1)</ref> the Secretary of State must—</p></intro><level class="para1"><num>(a)</num><content><p>obtain the consent of the Department for the Economy in Northern Ireland, so far as the regulations relate to limited partnerships registered in Northern Ireland;</p></content></level><level class="para1"><num>(b)</num><content><p>obtain the consent of the Scottish Ministers, so far as the regulations relate to limited partnerships registered in Scotland.</p></content></level></subsection><subsection><num>(3)</num><intro><p>The provision that may be made by regulations under subsection <ref href="#d28e20233">(1)</ref> by virtue of section 38(1) includes provision amending, repealing or revoking provision made by or under either of the following, whenever passed or made—</p></intro><level class="para1"><num>(a)</num><content><p>an Act;</p></content></level><level class="para1"><num>(b)</num><content><p>Northern Ireland legislation.</p></content></level></subsection><subsection><num>(4)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-134"><num>134</num><heading>Winding up of limited partnerships: concurrent proceedings</heading><subsection eId="section-134-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-134-2"><num>(2)</num><content><p><mod>In section 6 (modifications of general law in case of limited partnerships), for subsection (3D) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3D)</num><content><p>Subsections (3A) and (3B) have effect subject to any order of a court as to the winding up of the affairs of the partnership and any award of sequestration of the partnership’s estate under the Bankruptcy (Scotland) Act 2016.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-134-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e20229">30</ref> (inserted by section 133 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e20327"><num>31</num><heading>Winding up of limited partnerships: concurrent proceedings</heading><subsection eId="d28e20331"><num>(1)</num><content><p>Where a petition under section 28 in respect of a limited partnership is pending, a general partner of the limited partnership who is or becomes aware of any of the circumstances mentioned in subsection <ref href="#d28e20364">(3)</ref> must notify the court to which the petition was presented.</p></content></subsection><subsection eId="d28e20340"><num>(2)</num><intro><p>Where an application under section 29 in respect of a limited partnership is pending—</p></intro><level class="para1"><num>(a)</num><content><p>a general partner of the limited partnership who is or becomes aware any of the circumstances mentioned in subsection <ref href="#d28e20364">(3)</ref> must notify the court to which the application was made, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the application was made by a person other than the Secretary of State, the applicant must notify the court to which the application was made if the applicant is or becomes aware of any of the circumstances mentioned in subsection <ref href="#d28e20364">(3)</ref>.</p></content></level></subsection><subsection eId="d28e20364"><num>(3)</num><intro><p>The circumstances are that—</p></intro><level class="para1"><num>(a)</num><content><p>a petition for sequestration of the limited partnership’s estate under the Bankruptcy (Scotland) Act 2016 is before a sheriff,</p></content></level><level class="para1"><num>(b)</num><content><p>an application to the Accountant in Bankruptcy for sequestration of the limited partnership’s estate under that Act is pending,</p></content></level><level class="para1"><num>(c)</num><content><p>sequestration has been awarded by virtue of any such petition or application and the limited partnership’s estate is being sequestrated,</p></content></level><level class="para1"><num>(d)</num><content><p>a trust deed in respect of the limited partnership’s estate has been sent to the Accountant in Bankruptcy for registration under that Act and the registration has not been refused,</p></content></level><level class="para1"><num>(e)</num><content><p>a protected trust deed (within the meaning of that Act) is in force in respect of the limited partnership’s estate,</p></content></level><level class="para1"><num>(f)</num><content><p>an application by the limited partnership for approval of a debt payment programme under the Debt Arrangement and Attachment (Scotland) Act 2002 is pending, or</p></content></level><level class="para1"><num>(g)</num><content><p>such a programme has been approved under that Act and has not been completed.</p></content></level></subsection><subsection><num>(4)</num><content><p>A person is not required to notify the court of circumstances under subsection <ref href="#d28e20331">(1)</ref> or <ref href="#d28e20340">(2)</ref> if another person has notified the court of those circumstances.</p></content></subsection><subsection><num>(5)</num><intro><p>If a person fails to comply with subsection <ref href="#d28e20331">(1)</ref> or <ref href="#d28e20340">(2)</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the person, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the person is a legal entity, any of its managing officers who is in default.</p></content></level></subsection><subsection><num>(6)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(7)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e20475"><num>(8)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(9)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e20475">(8)</ref>).</p></content></subsection><subsection><num>(10)</num><content><p>For the purposes of this section a petition or application is “pending” if it has been presented or made and it has not fallen, been withdrawn or been determined.</p></content></subsection></section><section><num>32</num><heading>Power to amend circumstances for notification under section <ref href="#d28e20327">31</ref></heading><subsection eId="d28e20505"><num>(1)</num><content><p>The Secretary of State or the Scottish Ministers may by regulations amend the list in section <ref href="#d28e20327">31</ref><ref href="#d28e20364">(3)</ref>.</p></content></subsection><subsection><num>(2)</num><content><p>Before making regulations under subsection <ref href="#d28e20505">(1)</ref> the Secretary of State must obtain the consent of the Scottish Ministers.</p></content></subsection><subsection><num>(3)</num><content><p>Regulations made by the Secretary of State under subsection <ref href="#d28e20505">(1)</ref> are subject to the affirmative resolution procedure.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations made by the Scottish Ministers under subsection <ref href="#d28e20505">(1)</ref> are subject to the affirmative procedure (see Part 2 of the Interpretation and Legislative Reform (Scotland) Act <ref eId="c00015" href="http://www.legislation.gov.uk/id/asp/2010/10">2010 (asp 10)</ref>).</p></content></subsection></section></quotedStructure></mod></p></content></subsection></section><section eId="section-135"><num>135</num><heading>Sequestration of limited partnerships: concurrent winding up proceedings</heading><subsection eId="section-135-1"><num>(1)</num><content><p>The Bankruptcy (Scotland) Act 2016 is amended as follows.</p></content></subsection><subsection eId="section-135-2"><num>(2)</num><intro><p>In section 17 (concurrent proceedings for sequestration or analogous remedy)—</p></intro><level class="para1" eId="section-135-2-a"><num>(a)</num><content><p><mod>in subsection (2)(b), after “awarded” insert <quotedText>“and the debtor’s estate is being sequestrated”</quotedText>;</mod></p></content></level><level class="para1" eId="section-135-2-b"><num>(b)</num><intro><p>in subsection (2)(c)—</p></intro><level class="para2" eId="section-135-2-b-i"><num>(i)</num><content><p>omit “has been made”;</p></content></level><level class="para2" eId="section-135-2-b-ii"><num>(ii)</num><content><p><mod>after “estate” insert <quotedText>“is pending”</quotedText>;</mod></p></content></level></level><level class="para1" eId="section-135-2-c"><num>(c)</num><content><p><mod>in subsection (2)(d), after “application” insert <quotedText>“and the debtor’s estate is being sequestrated”</quotedText>;</mod></p></content></level><level class="para1" eId="section-135-2-d"><num>(d)</num><content><p><mod>in subsection (2)(g), after “under” insert <quotedText>“section 28 of the Limited Partnerships Act 1907,”</quotedText>;</mod></p></content></level><level class="para1" eId="section-135-2-e"><num>(e)</num><content><p><mod>after subsection (2)(g) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ga)</num><content><p>such a petition has been granted,</p></content></level><level class="para1"><num>(gb)</num><content><p>an application in respect of the debtor is before a court under section 29 of the Limited Partnerships Act 1907,</p></content></level><level class="para1"><num>(gc)</num><content><p>such an application has been granted,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-135-2-f"><num>(f)</num><content><p><mod>after subsection (7) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7A)</num><content><p>For the purposes of subsection (2)(c), a debtor application is “pending” if it has been made and has not fallen, been withdrawn or been determined.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-135-3"><num>(3)</num><intro><p>In section 18 (powers in relation to concurrent proceedings)—</p></intro><level class="para1" eId="section-135-3-a"><num>(a)</num><content><p><mod>in subsection (1), for “(g)” substitute <quotedText>“(gc)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-135-3-b"><num>(b)</num><content><p><mod>in subsection (2), for “or (g)” substitute <quotedText>“, (g), (ga), (gb) or (gc)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-135-3-c"><num>(c)</num><content><p><mod>in subsection (8), for “(g)” substitute <quotedText>“(gc)”</quotedText>.</mod></p></content></level></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-the-register-of-limited-partnerships"><heading>The register of limited partnerships</heading><section eId="section-136"><num>136</num><heading>The register of limited partnerships</heading><subsection eId="section-136-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-136-2"><num>(2)</num><content><p><mod>In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-the-register-of-limited-partnerships">the register of limited partnerships</term>” means the records kept by the registrar under section 1080 of the Companies Act 2006 relating to limited partnerships;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-136-3"><num>(3)</num><content><p>Omit sections 13 and 14.</p></content></subsection><subsection eId="section-136-4"><num>(4)</num><content><p><mod>For section 16 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>The register of limited partnerships</heading><section><num>16</num><heading>Inspection and copies of the register of limited partnerships</heading><subsection><num>(1)</num><intro><p>Any person may—</p></intro><level class="para1"><num>(a)</num><content><p>inspect the register of limited partnerships;</p></content></level><level class="para1"><num>(b)</num><content><p>require a copy of any material on the register of limited partnerships that is available for inspection.</p></content></level></subsection><subsection><num>(2)</num><content><p>The right of inspection extends to the originals of documents delivered to the registrar in hard copy form if, and only if, the record kept by the registrar of the contents of the document is illegible or unavailable (see section 1083(1) of the Companies Act 2006 for provision about the retention of hard copies by the registrar).</p></content></subsection><subsection><num>(3)</num><content><p>The registrar may specify the form and manner in which an application is to be made for inspection or a copy.</p></content></subsection><subsection><num>(4)</num><content><p>The registrar may determine the form and manner in which the copies are to be provided.</p></content></subsection><subsection><num>(5)</num><content><p>Section 1091 of the Companies Act 2006 (certification of copies), and any regulations made under it, apply in relation to copies provided under this section as they apply in relation to the copies provided as mentioned in that section.</p></content></subsection><subsection><num>(6)</num><content><p>This section has effect subject to section <ref href="#d28e20818">16A</ref> and <ref href="#d28e21062">16B</ref>.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section><section eId="section-137"><num>137</num><heading>Material not available for public inspection</heading><subsection eId="section-137-1"><num>(1)</num><content><p><mod>After section 16 of the Limited Partnerships Act 1907 (inserted by section 136 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e20818"><num>16A</num><heading>Material not available for public inspection</heading><subsection eId="d28e20822"><num>(1)</num><intro><p>The registrar must not make the following material available for public inspection, so far as it forms part of the register of limited partnerships—</p></intro><level class="para1" eId="d28e20828"><num>(a)</num><content><p>any application or other document delivered to the registrar under section 8G, 8Q or 8W (changes of addresses by registrar) other than an order or direction of the court;</p></content></level><level class="para1" eId="d28e20834"><num>(b)</num><intro><p>so much of any document delivered to the registrar as is required to contain—</p></intro><level class="para2"><num>(i)</num><content><p>a limited partnership’s registered email address,</p></content></level><level class="para2"><num>(ii)</num><content><p>the email address of the named contact for a general partner’s managing officer,</p></content></level><level class="para2"><num>(iii)</num><content><p>protected date of birth information, or</p></content></level><level class="para2"><num>(iv)</num><content><p>protected residential address information;</p></content></level></level><level class="para1"><num>(c)</num><content><p>so much of any statement delivered to the registrar under any of the following provisions as is required to confirm that an individual is an individual whose identity is verified (within the meaning of section 1110A of the Companies Act 2006)—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 8A(1F)(b);</p></item><item><p>section 8L(3)(a) or (b);</p></item><item><p>section 8R(7)(b);</p></item></blockList></content></level><level class="para1"><num>(d)</num><content><p>any statement delivered to the registrar by virtue of section 33(3) (documents to be delivered by authorised corporate service providers);</p></content></level><level class="para1"><num>(e)</num><content><p>any statement or other document delivered to the registrar by virtue of section 1067A of the Companies Act 2006 (delivery of documents: identity verification and authorised corporate service providers);</p></content></level><level class="para1"><num>(f)</num><content><p>any statement made in accordance with regulations made by virtue of section 1082(2)(c) of the Companies Act 2006 (statement of unique identifier);</p></content></level><level class="para1" eId="d28e20901"><num>(g)</num><content><p>any document provided to the registrar under section <ref href="#d28e11932">1092A</ref> of the Companies Act 2006 (power to require further information);</p></content></level><level class="para1" eId="d28e20910"><num>(h)</num><content><p>any record of the information contained in a document or part of a document that is unavailable because of any of the previous paragraphs of this subsection;</p></content></level><level class="para1" eId="d28e20916"><num>(i)</num><content><p>any e-mail address, identification code or password deriving from a document delivered for the purpose of authorising or facilitating electronic filing procedures or providing information by telephone;</p></content></level><level class="para1"><num>(j)</num><content><p>any other material excluded from public inspection by or under any other enactment.</p></content></level></subsection><subsection eId="d28e20928"><num>(2)</num><content><p>The registrar need not retain material to which subsection <ref href="#d28e20822">(1)</ref> applies for longer than appears to the registrar reasonably necessary for the purposes for which the material was delivered to the registrar.</p></content></subsection><subsection eId="d28e20937"><num>(3)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-protected-date-of-birth-information">protected date of birth information</term>” means information as to the day of the month (but not the month or year) on which—</p></intro><level class="para1"><num>(a)</num><content><p>a partner was born, or</p></content></level><level class="para1"><num>(b)</num><content><p>a general partner’s registered officer was born;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-protected-residential-address-information">protected residential address information</term>” means information as to the usual residential address of—</p></intro><level class="para1"><num>(a)</num><content><p>a partner,</p></content></level><level class="para1"><num>(b)</num><content><p>a general partner’s registered officer, or</p></content></level><level class="para1"><num>(c)</num><content><p>the named contact for a general partner’s managing officer.</p></content></level></hcontainer></subsection><subsection><num>(4)</num><content><p>Information about a partner, registered officer or named contact does not cease to be protected date of birth information or protected residential address information when they cease to be a partner, registered officer or named contact.</p></content></subsection><subsection eId="d28e20986"><num>(5)</num><content><p>The restrictions on making information available for public inspection imposed by subsection <ref href="#d28e20910">(1)(h)</ref> and <ref href="#d28e20916">(i)</ref> do not affect the availability for public inspection of the same information contained in material derived from another description of document (or part of a document) in relation to which the relevant restriction does not apply.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “registered officer” and “named contact” have the meanings given by section <ref href="#d28e17226">8K</ref><ref href="#d28e17281">(4)</ref> and <ref href="#d28e17335">(5)</ref>.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-137-2"><num>(2)</num><content><p><mod>In section 1083 of the Companies Act 2006 (preservation of original documents), in subsection (1), for the second sentence substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><p>This is subject to—</p><level class="para1"><num>(a)</num><content><p>section 1087(3) (extent of obligation to retain material not available for public inspection);</p></content></level><level class="para1"><num>(b)</num><content><p>section <ref href="#d28e20818">16A</ref><ref href="#d28e20928">(2)</ref> of the Limited Partnerships Act 1907 (extent of obligation to retain material not available for public inspection);</p></content></level><level class="para1"><num>(c)</num><content><p>section 22(5) of the Economic Crime (Transparency and Enforcement) Act 2022 (extent of obligation to retain material not available for public inspection).</p></content></level></quotedStructure></mod></p></content></subsection></section><section eId="section-138"><num>138</num><heading>Records relating to dissolved or deregistered limited partnerships</heading><content><p><mod>After section <ref href="#d28e20818">16A</ref> of the Limited Partnerships Act 1907 (inserted by section 137 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e21062"><num>16B</num><heading>Records relating to dissolved or deregistered limited partnerships</heading><subsection><num>(1)</num><content><p>This section applies where a limited partnership is dissolved or deregistered under section 26.</p></content></subsection><subsection><num>(2)</num><content><p>The registrar need not make any information contained in records relating to the limited partnership available for public inspection at any time after the end of the period of 20 years beginning with the date on which the limited partnership is dissolved or deregistered.</p></content></subsection><subsection eId="d28e21078"><num>(3)</num><content><p>The registrar of companies for England and Wales may, at any time after the period of two years beginning with the date on which the limited partnership is dissolved or deregistered, direct that any records relating to the limited partnership that are held by the registrar are to be removed to the Public Record Office.</p></content></subsection><subsection eId="d28e21084"><num>(4)</num><content><p>The registrar of companies for Northern Ireland may, at any time after the period of two years beginning with the date on which the limited partnership is dissolved or deregistered, direct that any records relating to the limited partnership that are held by the registrar are to be removed to the Public Record Office of Northern Ireland.</p></content></subsection><subsection><num>(5)</num><content><p>Records in respect of which a direction is given under subsection <ref href="#d28e21078">(3)</ref> or <ref href="#d28e21084">(4)</ref> are to be disposed of under the enactments relating to the Public Record Office or, as the case may be, the Public Record Office of Northern Ireland.</p></content></subsection></section></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-disclosure-of-information"><heading>Disclosure of information</heading><section eId="section-139"><num>139</num><heading>Disclosure of information about partners</heading><subsection eId="section-139-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-139-2"><num>(2)</num><content><p><mod>After section <ref href="#d28e21062">16B</ref> of the Limited Partnerships Act 1907 (inserted by section 138 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Restriction on disclosure of information by registrar</heading><section><num>16C</num><heading>Restriction on disclosure of information by registrar</heading><subsection><num>(1)</num><intro><p>The registrar must not disclose protected date of birth information or protected residential address information except—</p></intro><level class="para1"><num>(a)</num><content><p>in accordance with subsection <ref href="#d28e21175">(2)</ref> or <ref href="#d28e21186">(3)</ref>,</p></content></level><level class="para1"><num>(b)</num><content><p>in accordance with section <ref href="#d28e21442">16E</ref> (disclosure of protected residential address information under court order), or</p></content></level><level class="para1"><num>(c)</num><content><p>as permitted by section <ref href="#d28e13362">1110F</ref> of the Companies Act 2006 (general powers of disclosure by the registrar).</p></content></level></subsection><subsection eId="d28e21175"><num>(2)</num><content><p>The registrar may disclose protected date of birth information or protected residential address information if the same information is required to be made available for public inspection as a result of being contained in a document, part of a document or record to which section <ref href="#d28e20818">16A</ref><ref href="#d28e20822">(1)</ref> does not apply.</p></content></subsection><subsection eId="d28e21186"><num>(3)</num><content><p>The registrar may disclose protected date of birth information or protected residential address information to a credit reference agency.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State may make provision by regulations specifying conditions for the disclosure of protected date of birth information or protected residential address information in accordance with subsection <ref href="#d28e21186">(3)</ref>.</p></content></subsection><subsection eId="d28e21201"><num>(5)</num><content><p>The Secretary of State may make provision by regulations requiring the registrar, on application, to refrain from disclosing protected date of birth information or protected residential address information to a credit reference agency.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under subsection <ref href="#d28e21201">(5)</ref> may make provision of the kind referred to in section 243(5) to (6A) of the Companies Act 2006.</p></content></subsection><subsection><num>(7)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-credit-reference-agency">credit reference agency</term>” means a person carrying on a business comprising the provision of information relevant to the financial standing of individuals, being information collected by the agency for that purpose;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-date-of-birth-information">protected date of birth information</term>” has the meaning given by section <ref href="#d28e20818">16A</ref><ref href="#d28e20937">(3)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-residential-address-information">protected residential address information</term>” has the meaning given by section <ref href="#d28e20818">16A</ref><ref href="#d28e20937">(3)</ref>.</p></content></hcontainer></subsection><subsection><num>(8)</num><content><p>Regulations under this section are subject to the negative resolution procedure.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Restriction on use or disclosure of information by partners</heading><section><num>16D</num><heading>Restriction on use or disclosure of information by partners</heading><subsection eId="d28e21270"><num>(1)</num><intro><p>A limited partner must not—</p></intro><level class="para1"><num>(a)</num><content><p>use or disclose protected residential address information, except for communicating with the individual concerned, or</p></content></level><level class="para1"><num>(b)</num><content><p>use or disclose protected date of birth information.</p></content></level></subsection><subsection eId="d28e21288"><num>(2)</num><intro><p>A general partner must not use or disclose protected residential address information, except—</p></intro><level class="para1"><num>(a)</num><content><p>for communicating with the individual concerned,</p></content></level><level class="para1"><num>(b)</num><content><p>in order to comply with any requirement of this Act as to information to be sent to the registrar, or</p></content></level><level class="para1"><num>(c)</num><content><p>in accordance with section <ref href="#d28e21442">16E</ref> (disclosure of residential address information under court order).</p></content></level></subsection><subsection eId="d28e21315"><num>(3)</num><content><p>A general partner must not use or disclose protected date of birth information except in order to comply with any requirement of this Act as to information to be sent to the registrar.</p></content></subsection><subsection><num>(4)</num><content><p>Subsections <ref href="#d28e21270">(1)</ref>, <ref href="#d28e21288">(2)</ref> and <ref href="#d28e21315">(3)</ref> do not prohibit any use or disclosure of protected date of birth information or protected residential address information with the consent of the individual concerned.</p></content></subsection><subsection><num>(5)</num><intro><p>If a partner uses or discloses information in contravention of subsection <ref href="#d28e21270">(1)</ref>, <ref href="#d28e21288">(2)</ref> or <ref href="#d28e21315">(3)</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the partner, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the partner is a legal entity, any of its managing officers who is in default.</p></content></level></subsection><subsection><num>(6)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(7)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e21390"><num>(8)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(9)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e21390">(8)</ref>).</p></content></subsection><subsection><num>(10)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-date-of-birth-information">protected date of birth information</term>” has the meaning given by section <ref href="#d28e20818">16A</ref><ref href="#d28e20937">(3)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-residential-address-information">protected residential address information</term>” has the meaning given by section <ref href="#d28e20818">16A</ref><ref href="#d28e20937">(3)</ref>.</p></content></hcontainer></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Disclosure of protected residential address information under court order</heading><section eId="d28e21442"><num>16E</num><heading>Disclosure of protected residential address information under court order</heading><subsection><num>(1)</num><intro><p>The court may make an order for the disclosure of protected residential address information by the appropriate limited partnership or by the registrar if—</p></intro><level class="para1"><num>(a)</num><content><p>there is evidence that service of documents at a service address other than the individual’s usual residential address is not effective to bring them to the notice of the individual, or</p></content></level><level class="para1"><num>(b)</num><content><p>it is necessary or expedient for the information to be provided in connection with the enforcement of an order or decree of the court,</p></content></level><wrapUp><p>and the court is otherwise satisfied that it is appropriate to make the order.</p></wrapUp></subsection><subsection><num>(2)</num><intro><p>An order for disclosure by the registrar may be made only if—</p></intro><level class="para1"><num>(a)</num><content><p>the appropriate limited partnership does not have the protected residential address information, or</p></content></level><level class="para1"><num>(b)</num><content><p>the appropriate limited partnership was dissolved.</p></content></level></subsection><subsection><num>(3)</num><content><p>The order may be made on the application of a liquidator, creditor or partner of the appropriate limited partnership, or any other person appearing to the court to have a sufficient interest.</p></content></subsection><subsection><num>(4)</num><content><p>The order must specify the persons to whom, and purposes for which, disclosure is authorised.</p></content></subsection><subsection><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><intro><p>“appropriate limited partnership” —</p></intro><level class="para1"><num>(a)</num><content><p>in relation to protected residential address information about a partner in a limited partnership means that limited partnership;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to protected residential address information about a registered officer of a general partner in a limited partnership means that limited partnership;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to protected residential address information about a named contact for the managing officer of a general partner in a limited partnership means that limited partnership;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-named-contact">named contact</term>” has the meaning given by section <ref href="#d28e17226">8K</ref><ref href="#d28e17335">(5)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-residential-address-information">protected residential address information</term>” has the meaning given by section <ref href="#d28e20818">16A</ref><ref href="#d28e20937">(3)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-officer">registered officer</term>” has the meaning given by section <ref href="#d28e17226">8K</ref><ref href="#d28e17281">(4)</ref>.</p></content></hcontainer></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-139-3"><num>(3)</num><content><p><mod>In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-the-court">the court</term>” has the same meaning as in the Companies Acts (see section 1156 of the Companies Act 2006);</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-the-registrars-role-relating-to-dissolution-revival-and-deregistration"><heading>The registrar's role relating to dissolution, revival and deregistration</heading><section eId="section-140"><num>140</num><heading>Duty to notify registrar of dissolution</heading><content><p><mod>After section 17 of the Limited Partnerships Act 1907 (power of board of trade to make rules) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Dissolution, revival and deregistration</heading><section><num>18</num><heading>Duty to notify registrar of dissolution</heading><subsection eId="d28e21597"><num>(1)</num><content><p>A person who is a general partner in a limited partnership at a time when it is dissolved must notify the registrar of the dissolution within the period of 14 days beginning with the day on which the person becomes aware of its dissolution.</p></content></subsection><subsection eId="d28e21603"><num>(2)</num><content><p>A person who is a limited partner in a limited partnership at a time when it is dissolved must, if there are no general partners at that time, notify the registrar of the dissolution within the period of 14 days beginning with the day on which the person becomes aware of its dissolution.</p></content></subsection><subsection><num>(3)</num><intro><p>But no notice is required under subsection <ref href="#d28e21597">(1)</ref> or <ref href="#d28e21603">(2)</ref> if—</p></intro><level class="para1"><num>(a)</num><content><p>the limited partnership is dissolved under section 19(6) (dissolution on publication of notice in Gazette),</p></content></level><level class="para1"><num>(b)</num><content><p>another person has notified the registrar of the dissolution under subsection <ref href="#d28e21597">(1)</ref> or <ref href="#d28e21603">(2)</ref>, or</p></content></level><level class="para1"><num>(c)</num><content><p>a dissolution notice under section 19 is published before the end of the period of 14 days mentioned in subsection <ref href="#d28e21597">(1)</ref> or <ref href="#d28e21603">(2)</ref>.</p></content></level></subsection><subsection><num>(4)</num><intro><p>If a person fails to comply with subsection <ref href="#d28e21597">(1)</ref> or <ref href="#d28e21603">(2)</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the person, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the person is a legal entity, any of its managing officers who is in default.</p></content></level></subsection><subsection><num>(5)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(6)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e21702"><num>(7)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(8)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e21702">(7)</ref>).</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section><section eId="section-141"><num>141</num><heading>Registrar’s power to confirm dissolution of limited partnership</heading><subsection eId="section-141-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-141-2"><num>(2)</num><content><p><mod>After section 18 of the Limited Partnerships Act 1907 (inserted by section 140 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e21741"><num>19</num><heading>Registrar’s power to confirm dissolution of limited partnership</heading><subsection eId="d28e21745"><num>(1)</num><content><p>If the registrar has reasonable cause to believe that a limited partnership has been dissolved, the registrar may publish a notice in the Gazette (a “dissolution notice”) stating that fact.</p></content></subsection><subsection eId="d28e21751"><num>(2)</num><intro><p>Where the registrar proposes to publish a dissolution notice, the registrar must first publish in the Gazette a notice (a “warning notice”)—</p></intro><level class="para1"><num>(a)</num><content><p>explaining the registrar’s proposal and its effect (see subsection <ref href="#d28e21829">(6)</ref>), and</p></content></level><level class="para1"><num>(b)</num><content><p>inviting any person to make representations about the registrar’s proposal.</p></content></level></subsection><subsection eId="d28e21772"><num>(3)</num><intro><p>The registrar must send a copy of the warning notice to—</p></intro><level class="para1"><num>(a)</num><content><p>the registered office of the limited partnership, and</p></content></level><level class="para1"><num>(b)</num><content><p>at least one person who appears in the register of limited partnerships as a general partner in the limited partnership (if there are any).</p></content></level></subsection><subsection eId="d28e21790"><num>(4)</num><content><p>The registrar may not publish a dissolution notice until after the end of the period of two months beginning with the first day on which the registrar has complied with subsection <ref href="#d28e21751">(2)</ref> and subsection <ref href="#d28e21772">(3)</ref>.</p></content></subsection><subsection><num>(5)</num><intro><p>The dissolution notice must—</p></intro><level class="para1"><num>(a)</num><content><p>state the firm name of the limited partnership,</p></content></level><level class="para1"><num>(b)</num><content><p>state the limited partnership’s registration number, and</p></content></level><level class="para1"><num>(c)</num><content><p>explain the effect of the publication of the notice (see subsection <ref href="#d28e21829">(6)</ref>).</p></content></level></subsection><subsection eId="d28e21829"><num>(6)</num><content><p>On the publication of a dissolution notice, the limited partnership to which it relates is dissolved if it was not already dissolved.</p></content></subsection><subsection><num>(7)</num><intro><p>For the purposes of subsection <ref href="#d28e21772">(3)</ref>, a person “appears in the register of limited partnerships as a general partner in the limited partnership” if—</p></intro><level class="para1"><num>(a)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>the person was named as a proposed general partner in the application for registration of the limited partnership under section 8A, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the general partners have given the registrar notice under section 8R that the person has become a general partner in the limited partnership, and</p></content></level></level><level class="para1"><num>(b)</num><intro><p>the general partners have not since—</p></intro><level class="para2"><num>(i)</num><content><p>given the registrar notice under section 8R that the person has ceased to be a general partner in the limited partnership, or</p></content></level><level class="para2"><num>(ii)</num><content><p>given the registrar notice under section 8T that the person did not become a general partner on registration of the limited partnership.</p></content></level></level></subsection></section><section eId="d28e21883"><num>20</num><heading>Administrative revival</heading><subsection><num>(1)</num><content><p>On an application under this section the registrar must revive a limited partnership if the registrar is satisfied that the following conditions are met.</p></content></subsection><subsection eId="d28e21893"><num>(2)</num><content><p>Condition 1 is that the limited partnership was dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref> (dissolution on publication of notice in Gazette).</p></content></subsection><subsection eId="d28e21904"><num>(3)</num><content><p>Condition 2 is that the applicant has delivered to the registrar such documents as are necessary to ensure that, if the limited partnership is revived, the records kept by the registrar relating to the limited partnership will be up to date.</p></content></subsection><subsection eId="d28e21910"><num>(4)</num><intro><p>Condition 3 is that each relevant person has paid any outstanding fines or financial penalties imposed on them in respect of an offence—</p></intro><level class="para1"><num>(a)</num><content><p>under this Act, or</p></content></level><level class="para1"><num>(b)</num><content><p>by virtue of regulations made under section <ref href="#d28e23060">7A</ref> of this Act,</p></content></level><wrapUp><p>relating to the limited partnership.</p></wrapUp></subsection><subsection eId="d28e21933"><num>(5)</num><content><p>An application under this section may only be made by a person who was a general partner in the limited partnership immediately before it was dissolved.</p></content></subsection><subsection eId="d28e21939"><num>(6)</num><intro><p>The application must include a statement that—</p></intro><level class="para1"><num>(a)</num><content><p>the conditions in subsections <ref href="#d28e21893">(2)</ref>, <ref href="#d28e21904">(3)</ref> and <ref href="#d28e21910">(4)</ref> are met, and</p></content></level><level class="para1"><num>(b)</num><content><p>the applicant is a person mentioned in subsection <ref href="#d28e21933">(5)</ref>.</p></content></level></subsection><subsection eId="d28e21969"><num>(7)</num><content><p>An application under this section may not be made after the end of the period of six years beginning with the date on which the limited partnership was dissolved.</p></content></subsection><subsection><num>(8)</num><content><p>For the purpose of subsection <ref href="#d28e21969">(7)</ref> an application is made when it is received by the registrar.</p></content></subsection><subsection><num>(9)</num><intro><p>In subsection <ref href="#d28e21910">(4)</ref> “<term refersTo="#term-relevant-person">relevant person</term>” means—</p></intro><level class="para1" eId="d28e21996"><num>(a)</num><content><p>the applicant,</p></content></level><level class="para1" eId="d28e22002"><num>(b)</num><intro><p>any person who—</p></intro><level class="para2"><num>(i)</num><content><p>was a general partner in the limited partnership immediately before it was dissolved, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if the limited partnership is revived, will be a general partner in the limited partnership immediately after its revival, or</p></content></level></level><level class="para1"><num>(c)</num><intro><p>any person who is a managing officer of a legal entity where the legal entity is—</p></intro><level class="para2"><num>(i)</num><content><p>a person mentioned in paragraph <ref href="#d28e21996">(a)</ref> or <ref href="#d28e22002">(b)</ref>, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a person falling within this paragraph.</p></content></level></level></subsection></section><section><num>21</num><heading>Registrar’s decision on application for administrative revival</heading><subsection><num>(1)</num><content><p>The registrar must give notice to the applicant of the decision on an application under section <ref href="#d28e21883">20</ref>.</p></content></subsection><subsection><num>(2)</num><content><p>If the limited partnership is revived, the revival takes effect on the date that the notice is sent.</p></content></subsection><subsection><num>(3)</num><intro><p>If the limited partnership is revived the registrar must—</p></intro><level class="para1"><num>(a)</num><content><p>enter on the register of limited partnerships a note of the date on which the revival of the limited partnership takes effect, and</p></content></level><level class="para1" eId="d28e22078"><num>(b)</num><content><p>cause notice of the revival to be published in the Gazette.</p></content></level></subsection><subsection><num>(4)</num><content><p>Notes entered on the register of limited partnerships in accordance with subsection (3)(a) are part of the register of limited partnerships.</p></content></subsection><subsection><num>(5)</num><intro><p>The notice under subsection <ref href="#d28e22078">(3)(b)</ref> must state—</p></intro><level class="para1"><num>(a)</num><content><p>the limited partnership’s name (which must be the name that it had before it was dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>),</p></content></level><level class="para1"><num>(b)</num><content><p>the limited partnership’s registration number, and</p></content></level><level class="para1"><num>(c)</num><content><p>the date on which the revival of the limited partnership takes effect.</p></content></level></subsection></section><section><num>22</num><heading>Effect of administrative revival</heading><subsection><num>(1)</num><content><p>The general effect of administrative revival is that the limited partnership is to be treated as having continued in existence as if it had not been dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>.</p></content></subsection><subsection><num>(2)</num><content><p>The court may give such directions and make such provision as seems just for placing the limited partnership and all other persons in the same position (as nearly as may be) as if the limited partnership had not been dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>.</p></content></subsection><subsection eId="d28e22151"><num>(3)</num><content><p>An application to the court for such directions or provision may be made at any time within the period of three years beginning with the date on which the revival of the limited partnership took effect.</p></content></subsection></section><section eId="d28e22160"><num>23</num><heading>Application to court for revival</heading><subsection><num>(1)</num><content><p>An application may be made to the court to revive a limited partnership that has been dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref> (dissolution on publication of notice in Gazette).</p></content></subsection><subsection><num>(2)</num><intro><p>An application under this section may be made by—</p></intro><level class="para1"><num>(a)</num><content><p>the Secretary of State,</p></content></level><level class="para1"><num>(b)</num><content><p>a person who was a partner in the limited partnership immediately before it was dissolved, or</p></content></level><level class="para1"><num>(c)</num><content><p>any other person appearing to the court to have an interest in the matter.</p></content></level></subsection><subsection><num>(3)</num><intro><p>An application to the court for the revival of a limited partnership may only be made—</p></intro><level class="para1"><num>(a)</num><content><p>within the period of six years beginning with the date on which the limited partnership was dissolved, or</p></content></level><level class="para1"><num>(b)</num><content><p>where the applicant made an application under section <ref href="#d28e21883">20</ref> that was refused, within the period of 28 days beginning with the date on which notice of the registrar’s decision was sent by the registrar to the applicant.</p></content></level></subsection></section><section><num>24</num><heading>Decision on application for revival by the court</heading><subsection><num>(1)</num><content><p>If, on an application under section <ref href="#d28e22160">23</ref>, the court orders revival of the limited partnership, the revival takes effect on a copy of the court’s order being delivered to the registrar.</p></content></subsection><subsection><num>(2)</num><content><p>The registrar must publish a notice in the Gazette of the revival of the limited partnership.</p></content></subsection><subsection><num>(3)</num><intro><p>The notice must state—</p></intro><level class="para1"><num>(a)</num><content><p>the limited partnership’s name (which must be the name that it had before it was dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>),</p></content></level><level class="para1"><num>(b)</num><content><p>the limited partnership’s registration number, and</p></content></level><level class="para1"><num>(c)</num><content><p>the date on which the revival of the limited partnership takes effect.</p></content></level></subsection></section><section><num>25</num><heading>Effect of court order for revival</heading><subsection><num>(1)</num><content><p>The general effect of an order by the court for revival is that the limited partnership is to be treated as having continued in existence as a limited partnership as if it had not been dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>.</p></content></subsection><subsection><num>(2)</num><content><p>The court may give such directions and make such provision as seems just for placing the limited partnership and all other persons in the same position (as nearly as may be) as if the limited partnership had not been dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>.</p></content></subsection><subsection><num>(3)</num><intro><p>The court may also give directions as to—</p></intro><level class="para1"><num>(a)</num><content><p>the delivery to the registrar of such documents relating to the limited partnership as are necessary to bring up to date the records kept by the registrar, or</p></content></level><level class="para1"><num>(b)</num><content><p>the payment of the costs (in Scotland, expenses) of the registrar in connection with the proceedings for the revival of the limited partnership.</p></content></level></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-141-3"><num>(3)</num><content><p><mod>In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“<term refersTo="#term-the-gazette">the Gazette</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>as respects limited partnerships registered in England and Wales, the London Gazette,</p></content></level><level class="para1"><num>(b)</num><content><p>as respects limited partnerships registered in Scotland, the Edinburgh Gazette, and</p></content></level><level class="para1"><num>(c)</num><content><p>as respects limited partnerships registered in Northern Ireland, the Belfast Gazette;</p></content></level></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-141-4"><num>(4)</num><content><p>In section 10 (advertisement in Gazette), omit subsection (2).</p></content></subsection></section><section eId="section-142"><num>142</num><heading>Registrar’s power to confirm dissolution: transitional provision</heading><content><p>If the registrar exercises the power in section <ref href="#d28e21741">19</ref><ref href="#section-141-1">(1)</ref> of the Limited Partnerships Act 1907 (power to confirm dissolution of limited partnership) during the period of 6 months beginning when section 141<ref href="#section-141-2">(2)</ref> of this Act comes fully into force, subsections <ref href="#d28e21751">(2)</ref> to <ref href="#d28e21790">(4)</ref> of section <ref href="#d28e21741">19</ref> of the Limited Partnerships Act 1907 (publication of warning notice) do not apply.</p></content></section><section eId="section-143"><num>143</num><heading>Voluntary deregistration of limited partnership</heading><content><p><mod>After section 25 of the Limited Partnerships Act 1907 (inserted by section 141 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>26</num><heading>Voluntary deregistration of limited partnership</heading><subsection><num>(1)</num><content><p>The registrar must deregister a limited partnership if a statement is delivered to the registrar which is authenticated by or on behalf of each partner confirming that they want the limited partnership to be deregistered.</p></content></subsection><subsection><num>(2)</num><content><p>The registrar deregisters the limited partnership by publishing a notice in the Gazette of the limited partnership’s deregistration (a “deregistration notice”).</p></content></subsection><subsection><num>(3)</num><intro><p>The deregistration notice must state—</p></intro><level class="para1"><num>(a)</num><content><p>the firm name of the limited partnership, and</p></content></level><level class="para1"><num>(b)</num><content><p>the limited partnership’s registration number.</p></content></level></subsection><subsection><num>(4)</num><content><p>On the publication of the deregistration notice, the limited partnership ceases to be registered as a limited partnership under this Act (but this does not prevent any ongoing relationship from being a partnership).</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-144"><num>144</num><heading>Removal of limited partnership from index of names</heading><content><p><mod>After section 26 of the Limited Partnerships Act 1907 (inserted by section 143 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>27</num><heading>Removal of limited partnership from index of names</heading><subsection><num>(1)</num><intro><p>The registrar must remove a limited partnership from the index of names as soon as reasonably practicable if the registrar—</p></intro><level class="para1"><num>(a)</num><content><p>becomes aware that the limited partnership is dissolved (whether on the receipt of a notice under section 18, the publication of a dissolution notice under section 19(6) or otherwise), or</p></content></level><level class="para1"><num>(b)</num><content><p>publishes a deregistration notice under section 26 in respect of the limited partnership.</p></content></level></subsection><subsection eId="d28e22471"><num>(2)</num><intro><p>If the registrar removes a limited partnership from the index of names, the registrar must include a note in the register of limited partnerships stating either—</p></intro><level class="para1"><num>(a)</num><content><p>that the limited partnership has been removed from the index of names because of its dissolution, or</p></content></level><level class="para1"><num>(b)</num><content><p>that the limited partnership has been removed from the index of names because of its deregistration under section 26.</p></content></level></subsection><subsection><num>(3)</num><content><p>The registrar must also publish a notice of the removal in the Gazette if the limited partnership is removed from the index of names other than following the publication of a dissolution notice under section 19 or a deregistration notice under section 26.</p></content></subsection><subsection><num>(4)</num><content><p>Notes included in the register of limited partnerships in accordance with subsection <ref href="#d28e22471">(2)</ref> are part of the register of limited partnerships.</p></content></subsection><subsection><num>(5)</num><content><p>A note may be removed if it no longer serves any useful purpose.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-the-index-of-names">the index of names</term>” means the index kept by the registrar under section 1099 of the Companies Act 2006.</p></content></subsection></section></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-delivery-of-documents"><heading>Delivery of documents</heading><section eId="section-145"><num>145</num><heading>Delivery of documents relating to limited partnerships</heading><content><p><mod>After section 32 of the Limited Partnerships Act 1907 (inserted by section 134 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Delivery of documents to the registrar</heading><section><num>33</num><heading>Documents to be delivered by authorised corporate service providers</heading><subsection><num>(1)</num><content><p>An individual may not deliver a document under a provision listed in subsection <ref href="#d28e22576">(3)</ref> to the registrar on their own behalf (and, accordingly, any delivery of a document under such a provision must be made on the individual’s behalf in accordance with subsection <ref href="#d28e22555">(2)</ref>).</p></content></subsection><subsection eId="d28e22555"><num>(2)</num><intro><p>An individual may not deliver a document under a provision listed in subsection <ref href="#d28e22576">(3)</ref> to the registrar on behalf of another person unless—</p></intro><level class="para1" eId="d28e22564"><num>(a)</num><content><p>the individual is an authorised corporate service provider, or</p></content></level><level class="para1" eId="d28e22570"><num>(b)</num><content><p>the individual is an officer or employee of an authorised corporate service provider.</p></content></level></subsection><subsection eId="d28e22576"><num>(3)</num><intro><p>The provisions are—</p></intro><level class="para1"><num>(a)</num><content><p>section 8A (application for registration);</p></content></level><level class="para1"><num>(b)</num><content><p>section 8F (change of address of registered office) or <ref href="#d28e16700">8I</ref> (change of registered email address);</p></content></level><level class="para1"><num>(c)</num><content><p>section <ref href="#d28e17421">8L</ref>, <ref href="#d28e17495">8M</ref>, <ref href="#d28e17567">8N</ref> or <ref href="#d28e17646">8O</ref> (changes relating to officers of general partners);</p></content></level><level class="para1"><num>(d)</num><content><p>section 8R, 8S or 8T (changes relating to partners);</p></content></level><level class="para1"><num>(e)</num><content><p>section <ref href="#d28e18931">10A</ref> or <ref href="#d28e19013">10B</ref> (other changes in partnerships), other than a notice under section <ref href="#d28e18931">10A</ref><ref href="#d28e18974">(2)(b)(i)</ref> or <ref href="#d28e19013">10B</ref><ref href="#d28e19029">(2)(a)</ref>;</p></content></level><level class="para1"><num>(f)</num><content><p>section <ref href="#d28e19194">10D</ref> (confirmation statements);</p></content></level><level class="para1"><num>(g)</num><content><p>section <ref href="#d28e21883">20</ref> (administrative revival).</p></content></level></subsection><subsection eId="d28e22661"><num>(4)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>amend this section for the purposes of changing who may deliver a document under a provision listed in subsection <ref href="#d28e22576">(3)</ref> to the registrar on behalf of another person;</p></content></level><level class="para1"><num>(b)</num><content><p>amend the list in subsection <ref href="#d28e22576">(3)</ref>.</p></content></level></subsection><subsection><num>(5)</num><content><p>Regulations under subsection <ref href="#d28e22661">(4)</ref> are subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section><section eId="section-146"><num>146</num><heading>General false statement offences</heading><content><p><mod>After section 33 of the Limited Partnerships Act 1907 (inserted by section 145 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>34</num><heading>False statements: basic offence</heading><subsection><num>(1)</num><intro><p>It is an offence for a person, without reasonable excuse, to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for the purposes of this Act, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for the purposes of this Act, a statement that is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a legal entity, every managing officer of the entity who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</p></content></level></subsection><subsection><num>(4)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e22769"><num>(5)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(6)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e22769">(5)</ref>).</p></content></subsection></section><section><num>35</num><heading>False statements: aggravated offence</heading><subsection><num>(1)</num><intro><p>It is an offence for a person knowingly to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for the purposes of this Act, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for the purposes of this Act, a statement that is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a legal entity, every managing officer of the entity who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both).</p></content></level></level></subsection><subsection><num>(4)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e22860"><num>(5)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(6)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e22860">(5)</ref>).</p></content></subsection></section></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-national-security-exemption-from-identity-verification"><heading>National security exemption from identity verification</heading><section eId="section-147"><num>147</num><heading>National security exemption from identity verification</heading><content><p><mod>After section 35 of the Limited Partnerships Act 1907 (inserted by section 146 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>National security exemption from identity verification</heading><section><num>36</num><heading>National security exemption from identity verification</heading><subsection><num>(1)</num><intro><p>The Secretary of State may, by written notice given to a person, provide for one or more of the effects listed in subsection <ref href="#d28e22921">(2)</ref> to apply in relation to the person, if satisfied that to do so is necessary—</p></intro><level class="para1"><num>(a)</num><content><p>in the interests of national security, or</p></content></level><level class="para1" eId="d28e22915"><num>(b)</num><content><p>for the purposes of preventing or detecting serious crime.</p></content></level></subsection><subsection eId="d28e22921"><num>(2)</num><intro><p>The effects for which the notice may provide are that—</p></intro><level class="para1"><num>(a)</num><content><p>a statement under section 8A(1C) may name the person as a proposed general partner’s proposed registered officer even if the person does not meet the requirement in paragraph (c) of that subsection;</p></content></level><level class="para1"><num>(b)</num><content><p>a statement by the person under section 8A(1F)(b) is not required to confirm that the person meets the requirement in sub-paragraph (iii) of that paragraph;</p></content></level><level class="para1"><num>(c)</num><content><p>where the person is a general partner’s registered officer, section 8K(1)(c) does not impose any obligation on the general partner;</p></content></level><level class="para1"><num>(d)</num><content><p>a statement under section 8L(3)(a) or (b) made in relation to a notice naming the person as a general partner’s new registered officer is not required to confirm that the person meets the requirement in section 8K(1)(c);</p></content></level><level class="para1"><num>(e)</num><content><p>a statement under section 8R(4) may name the person as a general partner’s proposed registered officer even if the person does not meet the requirement in section 8K(1)(c);</p></content></level><level class="para1"><num>(f)</num><content><p>a statement by the person under section 8R(7)(b) is not required to confirm that the person meets the requirement in section 8K(1)(c);</p></content></level><level class="para1"><num>(g)</num><content><p>section 33 (documents to be delivered by authorised corporate service providers) does not apply in relation to the delivery of documents to the registrar by the person on their own behalf or on behalf of another.</p></content></level></subsection><subsection><num>(3)</num><intro><p>For the purposes of subsection <ref href="#d28e22915">(1)(b)</ref>—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-crime">crime</term>” means conduct which—</p></intro><level class="para2"><num>(i)</num><content><p>constitutes a criminal offence, or</p></content></level><level class="para2"><num>(ii)</num><content><p>is, or corresponds to, any conduct which, if it all took place in any one part of the United Kingdom, would constitute a criminal offence, and</p></content></level></level><level class="para1"><num>(b)</num><intro><p>crime is “serious” if—</p></intro><level class="para2"><num>(i)</num><content><p>the offence which is or would be constituted by the conduct is an offence for which the maximum sentence (in any part of the United Kingdom) is imprisonment for 3 years or more, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the conduct involves the use of violence, results in substantial financial gain or is conduct by a large number of persons in pursuit of a common purpose.</p></content></level></level></subsection></section></hcontainer></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-service-on-a-limited-partnership"><heading>Service on a limited partnership</heading><section eId="section-148"><num>148</num><heading>Service on a limited partnership</heading><content><p><mod>After section 36 of the Limited Partnerships Act 1907 (inserted by section 147 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Service of documents</heading><section eId="d28e23037"><num>37</num><heading>Service of documents on limited partnership</heading><content><p>A document may be served on a limited partnership by leaving it at, or sending it by post to, the limited partnership’s registered office.</p></content></section></hcontainer></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-application-of-other-laws"><heading>Application of other laws</heading><section eId="section-149"><num>149</num><heading>Application of company law</heading><content><p><mod>After section 7 of the Limited Partnerships Act 1907 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e23060"><num>7A</num><heading>Application of company law</heading><subsection eId="d28e23064"><num>(1)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>make provision in relation to limited partnerships that corresponds or is similar to any provision relating to companies or other corporations made by or under, or capable of being made under, any Act;</p></content></level><level class="para1"><num>(b)</num><content><p>provide for any such provision which would otherwise have effect in relation to limited partnerships not to apply to them or to apply to them with such modifications as appear appropriate.</p></content></level></subsection><subsection><num>(2)</num><content><p>Regulations under subsection <ref href="#d28e23064">(1)</ref> may amend or repeal provision made by this Act, the Partnership Act 1890 or the Companies Act 2006.</p></content></subsection><subsection><num>(3)</num><content><p>The provision which may be made by regulations under subsection <ref href="#d28e23064">(1)</ref> by virtue of section <ref href="#d28e23163">38</ref><ref href="#section-152-1">(1)</ref> includes provision amending, repealing or revoking provision made by or under any Act, whenever passed or made.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations under subsection <ref href="#d28e23064">(1)</ref> are subject to the negative resolution procedure if they only make provision that corresponds or is similar to provision made or capable of being made by regulations subject to the negative resolution procedure.</p></content></subsection><subsection><num>(5)</num><content><p>Any other regulations under subsection <ref href="#d28e23064">(1)</ref> are subject to the affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-150"><num>150</num><heading>Application of Partnership Act 1890 (meaning of firm)</heading><content><p><mod>In section 4 of the Partnership Act 1890 (meaning of firm), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><content><p>In relation to a limited partnership registered under the Limited Partnerships Act 1907, subsection (2) applies only if the limited partnership was registered by the registrar for Scotland.</p></content></subsection></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-regulations"><heading>Regulations</heading><section eId="section-151"><num>151</num><heading>Limited partnerships: regulations</heading><content><p><mod>After section <ref href="#d28e23037">37</ref> of the Limited Partnerships Act 1907 (inserted by section 148 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Regulations</heading><section eId="d28e23163"><num>38</num><heading>Regulations</heading><subsection eId="d28e23167"><num>(1)</num><intro><p>A power to make regulations under any provision of this Act includes power to make—</p></intro><level class="para1"><num>(a)</num><content><p>consequential, supplementary, incidental, transitional or saving provision;</p></content></level><level class="para1"><num>(b)</num><content><p>different provision for different purposes.</p></content></level></subsection><subsection><num>(2)</num><content><p>Regulations made by the Secretary of State under this Act are to be made by statutory instrument.</p></content></subsection><subsection><num>(3)</num><content><p>Where regulations under this Act are subject to “the affirmative resolution procedure”, the regulations may not be made unless a draft of the statutory instrument containing them has been laid before and approved by a resolution of each House of Parliament.</p></content></subsection><subsection><num>(4)</num><content><p>Where regulations under this Act are subject to “the negative resolution procedure”, the statutory instrument containing the regulations is subject to annulment in pursuance of a resolution of either House of Parliament.</p></content></subsection><subsection><num>(5)</num><content><p>Any provision that may be made by regulations under this Act subject to the negative resolution procedure may be made by regulations subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-further-amendments"><heading>Further amendments</heading><section eId="section-152"><num>152</num><heading>Limited partnerships: further amendments</heading><subsection eId="section-152-1"><num>(1)</num><content><p>Section 17 of the Limited Partnerships Act 1907 is omitted.</p></content></subsection><subsection eId="section-152-2"><num>(2)</num><content><p>Schedule 5 contains consequential amendments relating to this Part.</p></content></subsection></section></hcontainer></chapter>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-meaning-of-limited-partnership"><heading>Meaning of “limited partnership”</heading><section eId="section-109"><num>109</num><heading>Meaning of “limited partnership”</heading><subsection eId="section-109-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended in accordance with subsections <ref href="#section-109-2">(2)</ref> and <ref href="#section-109-3">(3)</ref>.</p></content></subsection><subsection eId="section-109-2"><num>(2)</num><content><p><mod>In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-limited-partnership">limited partnership</term>” means a firm that is registered as a limited partnership under this Act (for the only circumstances in which a firm can cease to be registered as a limited partnership under this Act while remaining a firm see section 26 (voluntary deregistration));</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-109-3"><num>(3)</num><content><p>Omit section 5 (registration of limited partnership required).</p></content></subsection><subsection eId="section-109-4"><num>(4)</num><content><p><mod>In section 1099 of the Companies Act 2006 (the registrar’s index of company names), in subsection (3)(a), for “registered in the United Kingdom” substitute <quotedText>“(within the meaning of section 3 of the Limited Partnerships Act 1907)”</quotedText>.</mod></p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-109"><num>109</num><heading>Meaning of “limited partnership”</heading><subsection eId="section-109-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended in accordance with subsections <ref href="#section-109-2">(2)</ref> and <ref href="#section-109-3">(3)</ref>.</p></content></subsection><subsection eId="section-109-2"><num>(2)</num><content><p><mod>In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-limited-partnership">limited partnership</term>” means a firm that is registered as a limited partnership under this Act (for the only circumstances in which a firm can cease to be registered as a limited partnership under this Act while remaining a firm see section 26 (voluntary deregistration));</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-109-3"><num>(3)</num><content><p>Omit section 5 (registration of limited partnership required).</p></content></subsection><subsection eId="section-109-4"><num>(4)</num><content><p><mod>In section 1099 of the Companies Act 2006 (the registrar’s index of company names), in subsection (3)(a), for “registered in the United Kingdom” substitute <quotedText>“(within the meaning of section 3 of the Limited Partnerships Act 1907)”</quotedText>.</mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-109-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended in accordance with subsections <ref href="#section-109-2">(2)</ref> and <ref href="#section-109-3">(3)</ref>.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-109-2"><num>(2)</num><content><p><mod>In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-limited-partnership">limited partnership</term>” means a firm that is registered as a limited partnership under this Act (for the only circumstances in which a firm can cease to be registered as a limited partnership under this Act while remaining a firm see section 26 (voluntary deregistration));</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-109-3"><num>(3)</num><content><p>Omit section 5 (registration of limited partnership required).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-109-4"><num>(4)</num><content><p><mod>In section 1099 of the Companies Act 2006 (the registrar’s index of company names), in subsection (3)(a), for “registered in the United Kingdom” substitute <quotedText>“(within the meaning of section 3 of the Limited Partnerships Act 1907)”</quotedText>.</mod></p></content></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-required-information-about-limited-partnerships"><heading>Required information about limited partnerships</heading><section eId="section-110"><num>110</num><heading>Required information about partners</heading><subsection eId="section-110-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-110-2"><num>(2)</num><intro><p>In section 3 (interpretation of terms)—</p></intro><level class="para1" eId="section-110-2-a"><num>(a)</num><content><p>the existing text becomes subsection (1);</p></content></level><level class="para1" eId="section-110-2-b"><num>(b)</num><content><p><mod>in that subsection, at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-body-corporate">body corporate</term>” has the same meaning as in the Companies Acts (see section 1173 of the Companies Act 2006);”;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“managing officer”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to a company, means a director or shadow director;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to a legal entity the affairs of which are managed by some or all of its members, means one of those members;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to any other legal entity, means an officer of the entity whose functions correspond to that of a director of a company;”;</p></content></level></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-legal-entity">legal entity</term>” means a body corporate or other entity that (in each case) is a legal person under the law by which it is governed;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-service-address">service address</term>” has the same meaning as in the Companies Acts (see section 1141(1) and (2) of the Companies Act 2006).</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-110-2-c"><num>(c)</num><content><p><mod>after that subsection insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e15639"><num>(2)</num><content><p>For the purposes of the definition of “managing officer” in subsection (1), “<term refersTo="#term-director">director</term>” and “<term refersTo="#term-shadow-director">shadow director</term>” have the same meanings as in the Companies Acts (see sections 250 and 251 of the Companies Act 2006).</p></content></subsection><subsection><num>(3)</num><content><p>In this section “<term refersTo="#term-the-companies-acts">the Companies Acts</term>” has the meaning given by section 2(1) of the Companies Act 2006.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-110-3"><num>(3)</num><content><p><mod>In section 4 (definition and constitution of limited partnership), in subsection (4), for “body corporate” substitute <quotedText>“legal entity”</quotedText>.</mod></p></content></subsection><subsection eId="section-110-4"><num>(4)</num><intro><p>In section 8A (application for registration)—</p></intro><level class="para1" eId="section-110-4-a"><num>(a)</num><content><p><mod>in subsection (1)(c), after “each” insert <quotedText>“proposed”</quotedText>;</mod></p></content></level><level class="para1" eId="section-110-4-b"><num>(b)</num><content><p><mod>in subsections (2)(b) and (c), for “name of each” substitute <quotedText>“required information about each proposed”</quotedText>;</mod></p></content></level><level class="para1" eId="section-110-4-c"><num>(c)</num><content><p><mod>in subsection (2)(d), after “each” insert <quotedText>“proposed”</quotedText>;</mod></p></content></level><level class="para1" eId="section-110-4-d"><num>(d)</num><content><p><mod>in subsections (3)(a) and (b), for “name of each” substitute <quotedText>“required information about each proposed”</quotedText>;</mod></p></content></level><level class="para1" eId="section-110-4-e"><num>(e)</num><content><p><mod>after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><content><p>For the required information about a proposed general partner or a proposed limited partner see Part 2 of the Schedule.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-110-5"><num>(5)</num><content><p>Schedule 4 inserts a Schedule into the Limited Partnerships Act 1907 setting out the required information about partners.</p></content></subsection></section><section eId="section-111"><num>111</num><heading>Required information about partners: transitional provision</heading><subsection eId="section-111-1"><num>(1)</num><content><p>This section applies in relation to a limited partnership that was registered under the Limited Partnerships Act 1907 in pursuance of an application for registration delivered to the registrar before section 110<ref href="#section-110-4">(4)</ref> came fully into force.</p></content></subsection><subsection eId="section-111-2"><num>(2)</num><intro><p>The general partners in the limited partnership must, within the transitional period, deliver a statement to the registrar specifying the required information (within the meaning of the Schedule to that Act (inserted by Schedule 4 to this Act)) about each person who—</p></intro><level class="para1" eId="section-111-2-a"><num>(a)</num><content><p>is a partner in the limited partnership, and</p></content></level><level class="para1" eId="section-111-2-b"><num>(b)</num><content><p>became a partner on the registration of the limited partnership.</p></content></level></subsection><subsection eId="section-111-3"><num>(3)</num><intro><p>If a change in the required information about such a partner occurs before whichever is earlier of—</p></intro><level class="para1" eId="section-111-3-a"><num>(a)</num><content><p>the end of the transitional period, and</p></content></level><level class="para1" eId="section-111-3-b"><num>(b)</num><content><p>the delivery of the statement mentioned in subsection <ref href="#section-111-2">(2)</ref>,</p></content></level><wrapUp><p>the general partners in the limited partnership are not required by the provisions mentioned in subsection <ref href="#section-111-4">(4)</ref> to give notice to the registrar of the change, unless it is a change to the partner’s name.</p></wrapUp></subsection><subsection eId="section-111-4"><num>(4)</num><intro><p>The provisions are—</p></intro><level class="para1" eId="section-111-4-a"><num>(a)</num><content><p>section 8S(1) of the Limited Partnerships Act 1907 (inserted by section 122 of this Act), and</p></content></level><level class="para1" eId="section-111-4-b"><num>(b)</num><content><p>so far as it relates to section 8S(1) of the Limited Partnerships Act 1907, section 10D(2)(a) of that Act (inserted by section 126 of this Act).</p></content></level></subsection><subsection eId="section-111-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 110<ref href="#section-110-4">(4)</ref> came fully into force.</p></content></hcontainer></subsection><subsection eId="section-111-6"><num>(6)</num><content><p>Failure by the general partners in a limited partnership to comply with subsection <ref href="#section-111-2">(2)</ref> is, in the absence of any evidence to the contrary, to be treated by the registrar as reasonable cause to believe that the limited partnership has been dissolved for the purposes of section 19 of the Limited Partnerships Act 1907 (registrar’s power to confirm dissolution of limited partnership) (inserted by section 141 of this Act).</p></content></subsection><subsection eId="section-111-7"><num>(7)</num><content><p>Where the registrar proposes to rely on a failure by the general partners in the limited partnership to comply with subsection <ref href="#section-111-2">(2)</ref> as grounds for exercising the power in section 19 of the Limited Partnerships Act 1907, subsections (2) to (4) of that section (publication of warning notice) do not apply.</p></content></subsection></section><section eId="section-112"><num>112</num><heading>Details about general nature of partnership business</heading><intro><p>In section 8A of the Limited Partnerships Act 1907 (application for registration)—</p></intro><level class="para1" eId="section-112-a"><num>(a)</num><content><p><mod>after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e15868"><num>(2A)</num><content><p>The details referred to in subsection (2)(a) about the general nature of the partnership business may be given by reference to one or more categories of any system of classifying business activities prescribed by regulations made by the Secretary of State for the purposes of this section.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-112-b"><num>(b)</num><content><p><mod>after subsection (8) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(9)</num><content><p>Regulations under subsection <ref href="#d28e15868">(2A)</ref> are subject to the negative resolution procedure.</p></content></subsection></quotedStructure></mod></p></content></level></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-110"><num>110</num><heading>Required information about partners</heading><subsection eId="section-110-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-110-2"><num>(2)</num><intro><p>In section 3 (interpretation of terms)—</p></intro><level class="para1" eId="section-110-2-a"><num>(a)</num><content><p>the existing text becomes subsection (1);</p></content></level><level class="para1" eId="section-110-2-b"><num>(b)</num><content><p><mod>in that subsection, at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-body-corporate">body corporate</term>” has the same meaning as in the Companies Acts (see section 1173 of the Companies Act 2006);”;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“managing officer”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to a company, means a director or shadow director;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to a legal entity the affairs of which are managed by some or all of its members, means one of those members;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to any other legal entity, means an officer of the entity whose functions correspond to that of a director of a company;”;</p></content></level></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-legal-entity">legal entity</term>” means a body corporate or other entity that (in each case) is a legal person under the law by which it is governed;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-service-address">service address</term>” has the same meaning as in the Companies Acts (see section 1141(1) and (2) of the Companies Act 2006).</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-110-2-c"><num>(c)</num><content><p><mod>after that subsection insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e15639"><num>(2)</num><content><p>For the purposes of the definition of “managing officer” in subsection (1), “<term refersTo="#term-director">director</term>” and “<term refersTo="#term-shadow-director">shadow director</term>” have the same meanings as in the Companies Acts (see sections 250 and 251 of the Companies Act 2006).</p></content></subsection><subsection><num>(3)</num><content><p>In this section “<term refersTo="#term-the-companies-acts">the Companies Acts</term>” has the meaning given by section 2(1) of the Companies Act 2006.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-110-3"><num>(3)</num><content><p><mod>In section 4 (definition and constitution of limited partnership), in subsection (4), for “body corporate” substitute <quotedText>“legal entity”</quotedText>.</mod></p></content></subsection><subsection eId="section-110-4"><num>(4)</num><intro><p>In section 8A (application for registration)—</p></intro><level class="para1" eId="section-110-4-a"><num>(a)</num><content><p><mod>in subsection (1)(c), after “each” insert <quotedText>“proposed”</quotedText>;</mod></p></content></level><level class="para1" eId="section-110-4-b"><num>(b)</num><content><p><mod>in subsections (2)(b) and (c), for “name of each” substitute <quotedText>“required information about each proposed”</quotedText>;</mod></p></content></level><level class="para1" eId="section-110-4-c"><num>(c)</num><content><p><mod>in subsection (2)(d), after “each” insert <quotedText>“proposed”</quotedText>;</mod></p></content></level><level class="para1" eId="section-110-4-d"><num>(d)</num><content><p><mod>in subsections (3)(a) and (b), for “name of each” substitute <quotedText>“required information about each proposed”</quotedText>;</mod></p></content></level><level class="para1" eId="section-110-4-e"><num>(e)</num><content><p><mod>after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><content><p>For the required information about a proposed general partner or a proposed limited partner see Part 2 of the Schedule.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-110-5"><num>(5)</num><content><p>Schedule 4 inserts a Schedule into the Limited Partnerships Act 1907 setting out the required information about partners.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-110-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-110-2"><num>(2)</num><intro><p>In section 3 (interpretation of terms)—</p></intro><level class="para1" eId="section-110-2-a"><num>(a)</num><content><p>the existing text becomes subsection (1);</p></content></level><level class="para1" eId="section-110-2-b"><num>(b)</num><content><p><mod>in that subsection, at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-body-corporate">body corporate</term>” has the same meaning as in the Companies Acts (see section 1173 of the Companies Act 2006);”;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“managing officer”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to a company, means a director or shadow director;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to a legal entity the affairs of which are managed by some or all of its members, means one of those members;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to any other legal entity, means an officer of the entity whose functions correspond to that of a director of a company;”;</p></content></level></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-legal-entity">legal entity</term>” means a body corporate or other entity that (in each case) is a legal person under the law by which it is governed;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-service-address">service address</term>” has the same meaning as in the Companies Acts (see section 1141(1) and (2) of the Companies Act 2006).</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-110-2-c"><num>(c)</num><content><p><mod>after that subsection insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e15639"><num>(2)</num><content><p>For the purposes of the definition of “managing officer” in subsection (1), “<term refersTo="#term-director">director</term>” and “<term refersTo="#term-shadow-director">shadow director</term>” have the same meanings as in the Companies Acts (see sections 250 and 251 of the Companies Act 2006).</p></content></subsection><subsection><num>(3)</num><content><p>In this section “<term refersTo="#term-the-companies-acts">the Companies Acts</term>” has the meaning given by section 2(1) of the Companies Act 2006.</p></content></subsection></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-110-2-a"><num>(a)</num><content><p>the existing text becomes subsection (1);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-110-2-b"><num>(b)</num><content><p><mod>in that subsection, at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-body-corporate">body corporate</term>” has the same meaning as in the Companies Acts (see section 1173 of the Companies Act 2006);”;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“managing officer”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to a company, means a director or shadow director;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to a legal entity the affairs of which are managed by some or all of its members, means one of those members;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to any other legal entity, means an officer of the entity whose functions correspond to that of a director of a company;”;</p></content></level></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-legal-entity">legal entity</term>” means a body corporate or other entity that (in each case) is a legal person under the law by which it is governed;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-service-address">service address</term>” has the same meaning as in the Companies Acts (see section 1141(1) and (2) of the Companies Act 2006).</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-110-2-c"><num>(c)</num><content><p><mod>after that subsection insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e15639"><num>(2)</num><content><p>For the purposes of the definition of “managing officer” in subsection (1), “<term refersTo="#term-director">director</term>” and “<term refersTo="#term-shadow-director">shadow director</term>” have the same meanings as in the Companies Acts (see sections 250 and 251 of the Companies Act 2006).</p></content></subsection><subsection><num>(3)</num><content><p>In this section “<term refersTo="#term-the-companies-acts">the Companies Acts</term>” has the meaning given by section 2(1) of the Companies Act 2006.</p></content></subsection></quotedStructure></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-110-3"><num>(3)</num><content><p><mod>In section 4 (definition and constitution of limited partnership), in subsection (4), for “body corporate” substitute <quotedText>“legal entity”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-110-4"><num>(4)</num><intro><p>In section 8A (application for registration)—</p></intro><level class="para1" eId="section-110-4-a"><num>(a)</num><content><p><mod>in subsection (1)(c), after “each” insert <quotedText>“proposed”</quotedText>;</mod></p></content></level><level class="para1" eId="section-110-4-b"><num>(b)</num><content><p><mod>in subsections (2)(b) and (c), for “name of each” substitute <quotedText>“required information about each proposed”</quotedText>;</mod></p></content></level><level class="para1" eId="section-110-4-c"><num>(c)</num><content><p><mod>in subsection (2)(d), after “each” insert <quotedText>“proposed”</quotedText>;</mod></p></content></level><level class="para1" eId="section-110-4-d"><num>(d)</num><content><p><mod>in subsections (3)(a) and (b), for “name of each” substitute <quotedText>“required information about each proposed”</quotedText>;</mod></p></content></level><level class="para1" eId="section-110-4-e"><num>(e)</num><content><p><mod>after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><content><p>For the required information about a proposed general partner or a proposed limited partner see Part 2 of the Schedule.</p></content></subsection></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-110-4-a"><num>(a)</num><content><p><mod>in subsection (1)(c), after “each” insert <quotedText>“proposed”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-110-4-b"><num>(b)</num><content><p><mod>in subsections (2)(b) and (c), for “name of each” substitute <quotedText>“required information about each proposed”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-110-4-c"><num>(c)</num><content><p><mod>in subsection (2)(d), after “each” insert <quotedText>“proposed”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-110-4-d"><num>(d)</num><content><p><mod>in subsections (3)(a) and (b), for “name of each” substitute <quotedText>“required information about each proposed”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-110-4-e"><num>(e)</num><content><p><mod>after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><content><p>For the required information about a proposed general partner or a proposed limited partner see Part 2 of the Schedule.</p></content></subsection></quotedStructure></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-110-5"><num>(5)</num><content><p>Schedule 4 inserts a Schedule into the Limited Partnerships Act 1907 setting out the required information about partners.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-111"><num>111</num><heading>Required information about partners: transitional provision</heading><subsection eId="section-111-1"><num>(1)</num><content><p>This section applies in relation to a limited partnership that was registered under the Limited Partnerships Act 1907 in pursuance of an application for registration delivered to the registrar before section 110<ref href="#section-110-4">(4)</ref> came fully into force.</p></content></subsection><subsection eId="section-111-2"><num>(2)</num><intro><p>The general partners in the limited partnership must, within the transitional period, deliver a statement to the registrar specifying the required information (within the meaning of the Schedule to that Act (inserted by Schedule 4 to this Act)) about each person who—</p></intro><level class="para1" eId="section-111-2-a"><num>(a)</num><content><p>is a partner in the limited partnership, and</p></content></level><level class="para1" eId="section-111-2-b"><num>(b)</num><content><p>became a partner on the registration of the limited partnership.</p></content></level></subsection><subsection eId="section-111-3"><num>(3)</num><intro><p>If a change in the required information about such a partner occurs before whichever is earlier of—</p></intro><level class="para1" eId="section-111-3-a"><num>(a)</num><content><p>the end of the transitional period, and</p></content></level><level class="para1" eId="section-111-3-b"><num>(b)</num><content><p>the delivery of the statement mentioned in subsection <ref href="#section-111-2">(2)</ref>,</p></content></level><wrapUp><p>the general partners in the limited partnership are not required by the provisions mentioned in subsection <ref href="#section-111-4">(4)</ref> to give notice to the registrar of the change, unless it is a change to the partner’s name.</p></wrapUp></subsection><subsection eId="section-111-4"><num>(4)</num><intro><p>The provisions are—</p></intro><level class="para1" eId="section-111-4-a"><num>(a)</num><content><p>section 8S(1) of the Limited Partnerships Act 1907 (inserted by section 122 of this Act), and</p></content></level><level class="para1" eId="section-111-4-b"><num>(b)</num><content><p>so far as it relates to section 8S(1) of the Limited Partnerships Act 1907, section 10D(2)(a) of that Act (inserted by section 126 of this Act).</p></content></level></subsection><subsection eId="section-111-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 110<ref href="#section-110-4">(4)</ref> came fully into force.</p></content></hcontainer></subsection><subsection eId="section-111-6"><num>(6)</num><content><p>Failure by the general partners in a limited partnership to comply with subsection <ref href="#section-111-2">(2)</ref> is, in the absence of any evidence to the contrary, to be treated by the registrar as reasonable cause to believe that the limited partnership has been dissolved for the purposes of section 19 of the Limited Partnerships Act 1907 (registrar’s power to confirm dissolution of limited partnership) (inserted by section 141 of this Act).</p></content></subsection><subsection eId="section-111-7"><num>(7)</num><content><p>Where the registrar proposes to rely on a failure by the general partners in the limited partnership to comply with subsection <ref href="#section-111-2">(2)</ref> as grounds for exercising the power in section 19 of the Limited Partnerships Act 1907, subsections (2) to (4) of that section (publication of warning notice) do not apply.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-111-1"><num>(1)</num><content><p>This section applies in relation to a limited partnership that was registered under the Limited Partnerships Act 1907 in pursuance of an application for registration delivered to the registrar before section 110<ref href="#section-110-4">(4)</ref> came fully into force.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-111-2"><num>(2)</num><intro><p>The general partners in the limited partnership must, within the transitional period, deliver a statement to the registrar specifying the required information (within the meaning of the Schedule to that Act (inserted by Schedule 4 to this Act)) about each person who—</p></intro><level class="para1" eId="section-111-2-a"><num>(a)</num><content><p>is a partner in the limited partnership, and</p></content></level><level class="para1" eId="section-111-2-b"><num>(b)</num><content><p>became a partner on the registration of the limited partnership.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-111-2-a"><num>(a)</num><content><p>is a partner in the limited partnership, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-111-2-b"><num>(b)</num><content><p>became a partner on the registration of the limited partnership.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-111-3"><num>(3)</num><intro><p>If a change in the required information about such a partner occurs before whichever is earlier of—</p></intro><level class="para1" eId="section-111-3-a"><num>(a)</num><content><p>the end of the transitional period, and</p></content></level><level class="para1" eId="section-111-3-b"><num>(b)</num><content><p>the delivery of the statement mentioned in subsection <ref href="#section-111-2">(2)</ref>,</p></content></level><wrapUp><p>the general partners in the limited partnership are not required by the provisions mentioned in subsection <ref href="#section-111-4">(4)</ref> to give notice to the registrar of the change, unless it is a change to the partner’s name.</p></wrapUp></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-111-3-a"><num>(a)</num><content><p>the end of the transitional period, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-111-3-b"><num>(b)</num><content><p>the delivery of the statement mentioned in subsection <ref href="#section-111-2">(2)</ref>,</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-111-4"><num>(4)</num><intro><p>The provisions are—</p></intro><level class="para1" eId="section-111-4-a"><num>(a)</num><content><p>section 8S(1) of the Limited Partnerships Act 1907 (inserted by section 122 of this Act), and</p></content></level><level class="para1" eId="section-111-4-b"><num>(b)</num><content><p>so far as it relates to section 8S(1) of the Limited Partnerships Act 1907, section 10D(2)(a) of that Act (inserted by section 126 of this Act).</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-111-4-a"><num>(a)</num><content><p>section 8S(1) of the Limited Partnerships Act 1907 (inserted by section 122 of this Act), and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-111-4-b"><num>(b)</num><content><p>so far as it relates to section 8S(1) of the Limited Partnerships Act 1907, section 10D(2)(a) of that Act (inserted by section 126 of this Act).</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-111-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 110<ref href="#section-110-4">(4)</ref> came fully into force.</p></content></hcontainer></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><intro><p>“<term refersTo="#term-balance-sheet-total" eId="term-balance-sheet-total">balance sheet total</term>”, in relation to a relevant body and a financial year—</p></intro><level class="para1"><num>(a)</num><content><p>means the aggregate of the amounts shown as assets in its balance sheet at the end of the financial year, or</p></content></level><level class="para1"><num>(b)</num><content><p>where the body has no balance sheet for the financial year, has a corresponding meaning;</p></content></level></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="definition"><intro><p>“<term refersTo="#term-economic-crime" eId="term-economic-crime">economic crime</term>” means an act which—</p></intro><level class="para1"><num>(a)</num><content><p>constitutes an offence listed in Schedule 11 (“a listed offence”),</p></content></level><level class="para1"><num>(b)</num><content><p>constitutes an attempt or conspiracy to commit a listed offence,</p></content></level><level class="para1"><num>(c)</num><content><p>constitutes an offence—</p><blockList class="ordered roman parens" ukl:Name="OrderedList" ukl:Type="roman" ukl:Decoration="parens"><item><num>(i)</num><p>under Part 2 of the Serious Crime Act 2007 (England and Wales and Northern Ireland: encouraging or assisting crime) in relation to a listed offence, or</p></item><item><num>(ii)</num><p>under the law of Scotland of inciting the commission of a listed offence,</p></item></blockList></content></level><level class="para1"><num>(d)</num><content><p>constitutes aiding, abetting, counselling or procuring the commission of a listed offence, or</p></content></level><level class="para1"><num>(e)</num><content><p>would constitute a listed offence or an offence specified in paragraph (b), (c) or (d) if done in the United Kingdom;</p></content></level></hcontainer>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-8-paragraph-2" class="schProv1"><num>2</num><intro><p>In section 47B (conditions for exercise of seizure powers)—</p></intro><level class="para1" eId="schedule-8-paragraph-2-a"><num>(a)</num><content><p>in subsection (2), omit paragraph (b);</p></content></level><level class="para1" eId="schedule-8-paragraph-2-b"><num>(b)</num><content><p>in subsection (3), omit paragraph (b).</p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-8-paragraph-2-a"><num>(a)</num><content><p>in subsection (2), omit paragraph (b);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-8-paragraph-2-b"><num>(b)</num><content><p>in subsection (3), omit paragraph (b).</p></content></level>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><intro><p>“<term refersTo="#term-enactment" eId="term-enactment">enactment</term>” includes—</p></intro><level class="para1"><num>(a)</num><content><p>an enactment contained in subordinate legislation (as defined in section 21 of the Interpretation Act 1978);</p></content></level><level class="para1"><num>(b)</num><content><p>an enactment contained in, or in an instrument made under, a Measure or Act of Senedd Cymru;</p></content></level><level class="para1"><num>(c)</num><content><p>an enactment contained in, or in an instrument made under, an Act of the Scottish Parliament;</p></content></level><level class="para1"><num>(d)</num><content><p>an enactment contained in, or in an instrument made under, Northern Ireland legislation;</p></content></level><level class="para1"><num>(e)</num><content><p>any retained direct EU legislation;</p></content></level></hcontainer>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-36" class="schProv1"><num>36</num><content><p><mod>After section 150 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>150A</num><heading>Cryptoassets etc</heading><subsection><num>(1)</num><content><p>“<term refersTo="#term-cryptoasset">Cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically.</p></content></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-crypto-wallet">Crypto wallet</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>software,</p></content></level><level class="para1"><num>(b)</num><content><p>hardware,</p></content></level><level class="para1"><num>(c)</num><content><p>a physical item, or</p></content></level><level class="para1"><num>(d)</num><content><p>any combination of the things mentioned in paragraphs (a) to (c),</p></content></level><wrapUp><p>which is used to store the cryptographic private key that allows cryptoassets to be accessed.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>“<term refersTo="#term-cryptoasset-related-item">Cryptoasset-related item</term>” has the meaning given in section 127C(5B).</p></content></subsection><subsection><num>(4)</num><intro><p>The circumstances in which a cryptoasset is taken to be “destroyed” include circumstances where it is—</p></intro><level class="para1"><num>(a)</num><content><p>disposed of,</p></content></level><level class="para1"><num>(b)</num><content><p>transferred, or</p></content></level><level class="para1"><num>(c)</num><content><p>otherwise dealt with,</p></content></level><wrapUp><p>in such a way as to ensure, or to make it virtually certain, that it will not be the subject of any further transactions or be dealt with again in any other way.</p></wrapUp></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions of “cryptoasset” and “crypto wallet” in this section.</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State must consult the Scottish Ministers before making regulations under subsection (5).</p></content></subsection></section></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-13-paragraph-1" class="schProv1"><num>1</num><content><p>Cheating the public revenue.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-13-paragraph-2" class="schProv1"><num>2</num><intro><p>In Scotland, the following offences at common law—</p></intro><level class="para1" eId="schedule-13-paragraph-2-a"><num>(a)</num><content><p>fraud;</p></content></level><level class="para1" eId="schedule-13-paragraph-2-b"><num>(b)</num><content><p>uttering;</p></content></level><level class="para1" eId="schedule-13-paragraph-2-c"><num>(c)</num><content><p>embezzlement.</p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-13-paragraph-2-a"><num>(a)</num><content><p>fraud;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-13-paragraph-2-b"><num>(b)</num><content><p>uttering;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-13-paragraph-2-c"><num>(c)</num><content><p>embezzlement.</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-8-paragraph-3-1"><num>(1)</num><content><p>Section 47C (power to seize property) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-3-2"><num>(2)</num><content><p><mod>In subsection (2), after “not” insert <quotedText>“under subsection (1)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-3-3"><num>(3)</num><content><p><mod>After subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(5A)</num><content><p>On being satisfied as mentioned in section 47B(1) an appropriate officer may seize any free property if the officer has reasonable grounds for suspecting that it is a cryptoasset-related item.</p></content></subsection><subsection><num>(5B)</num><content><p>A “cryptoasset-related item” is an item of property that is, or that contains or gives access to information that is, likely to assist in the seizure under subsection (1) of any cryptoasset.</p></content></subsection><subsection><num>(5C)</num><content><p>The circumstances in which a cryptoasset is “<term refersTo="#term-seized">seized</term>” for the purposes of subsection (1) include circumstances in which it is transferred into a crypto wallet controlled by the appropriate officer.</p></content></subsection><subsection><num>(5D)</num><intro><p>If an appropriate officer is lawfully on any premises, the officer may, for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>determining whether any property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>enabling or facilitating the seizure under subsection (1) of any cryptoasset,</p></content></level><wrapUp><p>require any information which is stored in any electronic form and accessible from the premises to be produced in a form in which it can be taken away and in which it is visible and legible, or from which it can readily be produced in a visible and legible form.</p></wrapUp></subsection><subsection><num>(5E)</num><content><p>But subsection (5D) does not authorise an appropriate officer to require a person to produce information which the person would be entitled to refuse to provide on grounds of legal professional privilege in proceedings in the High Court.</p></content></subsection><subsection><num>(5F)</num><intro><p>Where an appropriate officer has seized a cryptoasset-related item under subsection (5A), they may use any information obtained from it for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>identifying or gaining access to a crypto wallet, and</p></content></level><level class="para1"><num>(b)</num><content><p>by doing so, enabling or facilitating the seizure under subsection (1) of any cryptoassets.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-8-paragraph-4" class="schProv1"><num>4</num><content><p><mod>In section 47R (release of property), in subsection (3)(b), at the end insert <quotedText>“or (5A)”</quotedText>.</mod></p></content></paragraph>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-111-6"><num>(6)</num><content><p>Failure by the general partners in a limited partnership to comply with subsection <ref href="#section-111-2">(2)</ref> is, in the absence of any evidence to the contrary, to be treated by the registrar as reasonable cause to believe that the limited partnership has been dissolved for the purposes of section 19 of the Limited Partnerships Act 1907 (registrar’s power to confirm dissolution of limited partnership) (inserted by section 141 of this Act).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-111-7"><num>(7)</num><content><p>Where the registrar proposes to rely on a failure by the general partners in the limited partnership to comply with subsection <ref href="#section-111-2">(2)</ref> as grounds for exercising the power in section 19 of the Limited Partnerships Act 1907, subsections (2) to (4) of that section (publication of warning notice) do not apply.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-112"><num>112</num><heading>Details about general nature of partnership business</heading><intro><p>In section 8A of the Limited Partnerships Act 1907 (application for registration)—</p></intro><level class="para1" eId="section-112-a"><num>(a)</num><content><p><mod>after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e15868"><num>(2A)</num><content><p>The details referred to in subsection (2)(a) about the general nature of the partnership business may be given by reference to one or more categories of any system of classifying business activities prescribed by regulations made by the Secretary of State for the purposes of this section.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-112-b"><num>(b)</num><content><p><mod>after subsection (8) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(9)</num><content><p>Regulations under subsection <ref href="#d28e15868">(2A)</ref> are subject to the negative resolution procedure.</p></content></subsection></quotedStructure></mod></p></content></level></section>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-112-a"><num>(a)</num><content><p><mod>after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e15868"><num>(2A)</num><content><p>The details referred to in subsection (2)(a) about the general nature of the partnership business may be given by reference to one or more categories of any system of classifying business activities prescribed by regulations made by the Secretary of State for the purposes of this section.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-112-b"><num>(b)</num><content><p><mod>after subsection (8) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(9)</num><content><p>Regulations under subsection <ref href="#d28e15868">(2A)</ref> are subject to the negative resolution procedure.</p></content></subsection></quotedStructure></mod></p></content></level>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-registered-offices"><heading>Registered offices</heading><section eId="section-113"><num>113</num><heading>A limited partnership’s registered office</heading><subsection eId="section-113-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-113-2"><num>(2)</num><intro><p>In section 3 (interpretation of terms)—</p></intro><level class="para1" eId="section-113-2-a"><num>(a)</num><content><p><mod>in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-authorised-corporate-service-provider">authorised corporate service provider</term>” has the same meaning as in the Companies Act 2006 (see section 1098A of that Act);</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-113-2-b"><num>(b)</num><content><p><mod>after subsection (3) (inserted by section 110 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><content><p>Section 1125 of the Companies Act 2006 (meaning of “<term refersTo="#term-daily-default-fine">daily default fine</term>”) applies for the purpose of any provision made by this Act as it applies for the purposes of provisions of the Companies Acts.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-113-3"><num>(3)</num><intro><p>In section 8A (application for registration)—</p></intro><level class="para1" eId="section-113-3-a"><num>(a)</num><content><p><mod>in subsection (1), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>specify the intended address of the limited partnership’s registered office, which must be an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref>,</p></content></level><level class="para1" eId="d28e15972"><num>(ab)</num><content><p>specify which of the addresses mentioned in section <ref href="#d28e16018">8E</ref><ref href="#d28e16058">(2)(c)</ref> the intended address is,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-113-3-b"><num>(b)</num><content><p><mod>after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e15992"><num>(1A)</num><content><p>An application for registration of a limited partnership which specifies that the intended address of its registered office is an address mentioned in section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref><ref href="#d28e16082">(c)(iv)</ref> must be accompanied by a statement by the authorised corporate service provider confirming that the address is the authorised corporate service provider’s address.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-113-4"><num>(4)</num><content><p><mod>After section 8D insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>A limited partnership’s registered office</heading><section eId="d28e16018"><num>8E</num><heading>Duty to ensure registered office at appropriate address</heading><subsection eId="d28e16022"><num>(1)</num><content><p>The general partners in a limited partnership must ensure that its registered office is at all times at an appropriate address.</p></content></subsection><subsection eId="d28e16028"><num>(2)</num><intro><p>An address is an “appropriate address” if—</p></intro><level class="para1"><num>(a)</num><intro><p>in the ordinary course of events—</p></intro><level class="para2"><num>(i)</num><content><p>a document addressed to the limited partnership, and delivered there by hand or by post, would be expected to come to the attention of a person acting on behalf of the limited partnership, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the delivery of documents there is capable of being recorded by the obtaining of an acknowledgement of delivery,</p></content></level></level><level class="para1"><num>(b)</num><content><p>it is in the part of the United Kingdom in which the limited partnership is registered, and</p></content></level><level class="para1" eId="d28e16058"><num>(c)</num><intro><p>it is at least one of the following—</p></intro><level class="para2" eId="d28e16064"><num>(i)</num><content><p>the address of the principal place of business of the limited partnership;</p></content></level><level class="para2"><num>(ii)</num><content><p>the usual residential address of a general partner who is an individual;</p></content></level><level class="para2"><num>(iii)</num><content><p>the address of the registered or principal office of a general partner that is a legal entity;</p></content></level><level class="para2" eId="d28e16082"><num>(iv)</num><content><p>an address of an authorised corporate service provider that is acting for the limited partnership.</p></content></level></level></subsection><subsection><num>(3)</num><content><p>If the general partners fail to comply with this section an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(4)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(5)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(6)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(7)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection><num>(8)</num><content><p>Subsection <ref href="#d28e16022">(1)</ref> does not apply in relation to a limited partnership during any period for which the address of its registered office is an address nominated by the registrar by virtue of regulations made under section <ref href="#d28e16223">8G</ref>.</p></content></subsection></section><section eId="d28e16160"><num>8F</num><heading>Change of address of registered office by general partners</heading><subsection><num>(1)</num><content><p>The address of a limited partnership’s registered office can be changed by the general partners giving notice to the registrar.</p></content></subsection><subsection><num>(2)</num><intro><p>The notice must include a statement—</p></intro><level class="para1"><num>(a)</num><content><p>that the new address is an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref>, and</p></content></level><level class="para1" eId="d28e16187"><num>(b)</num><content><p>specifying which of the addresses in section <ref href="#d28e16018">8E</ref><ref href="#d28e16058">(2)(c)</ref> the address is.</p></content></level></subsection><subsection><num>(3)</num><content><p>If the statement under subsection <ref href="#d28e16187">(2)(b)</ref> specifies that the address is an address mentioned in section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref><ref href="#d28e16082">(c)(iv)</ref>, the notice must be accompanied by a statement by the authorised corporate service provider confirming that the address is the authorised corporate service provider’s address.</p></content></subsection><subsection><num>(4)</num><content><p>The change takes effect upon the notice being registered by the registrar, but until the end of the period of 14 days beginning with the date on which it is registered a person may validly serve any document on the limited partnership at the address previously registered.</p></content></subsection></section><section eId="d28e16223"><num>8G</num><heading>Regulations about change of address of registered office by registrar</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to change the address of a limited partnership’s registered office if satisfied that it is not an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref>.</p></content></subsection><subsection><num>(2)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection><subsection><num>(3)</num><intro><p>The regulations—</p></intro><level class="para1" eId="d28e16250"><num>(a)</num><content><p>may include provision corresponding or similar to any provision that may be included in regulations under section 1097A of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><intro><p>must include—</p></intro><level class="para2"><num>(i)</num><content><p>provision about appeals corresponding to the provision that must be included in regulations under section 1097A by virtue of subsections <ref href="#d28e14925">(6)</ref> and <ref href="#d28e14931">(6A)</ref> of that section;</p></content></level><level class="para2"><num>(ii)</num><content><p>provision corresponding to subsection (7) of that section.</p></content></level></level></subsection><subsection><num>(4)</num><content><p>The provision that may be made by virtue of subsection <ref href="#d28e16250">(3)(a)</ref> that is corresponding or similar to provision that may be made by virtue of section 1097A<ref href="#d28e14885">(4A)(b)</ref> and <ref href="#d28e14903">(4B)</ref> of the Companies Act 2006 (strike off and restoration) includes provision applying or writing out, with or without modifications, any provision made by section 19 (power to confirm dissolution) or section 20 (administrative revival).</p></content></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section><section eId="section-114"><num>114</num><heading>A limited partnership’s registered office: transitional provision</heading><subsection eId="section-114-1"><num>(1)</num><content><p>This section applies in relation to a limited partnership registered under the Limited Partnerships Act 1907 in pursuance of an application for registration delivered to the registrar before section 113<ref href="#section-113-3">(3)</ref> came fully into force.</p></content></subsection><subsection eId="section-114-2"><num>(2)</num><intro><p>The general partners must, within the transitional period, deliver to the registrar a statement specifying—</p></intro><level class="para1" eId="section-114-2-a"><num>(a)</num><content><p>the address of its registered office (which must be an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref> of that Act (inserted by section 113<ref href="#section-113-4">(4)</ref> of this Act)), and</p></content></level><level class="para1" eId="section-114-2-b"><num>(b)</num><content><p>which of the addresses in section <ref href="#d28e16018">8E</ref><ref href="#d28e16058">(2)(c)</ref> of that Act the address is.</p></content></level></subsection><subsection eId="section-114-3"><num>(3)</num><content><p>If the statement under subsection <ref href="#section-114-2-b">(2)(b)</ref> specifies that the address is an address mentioned in section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref><ref href="#d28e16058">(c)</ref><ref href="#d28e16082">(iv)</ref> of the Limited Partnerships Act 1907, the notice must be accompanied by a statement by the authorised corporate service provider confirming that the address is the authorised corporate service provider’s address.</p></content></subsection><subsection eId="section-114-4"><num>(4)</num><intro><p>The provisions mentioned in subsection <ref href="#section-114-5">(5)</ref> do not apply in respect of the limited partnership until—</p></intro><level class="para1" eId="section-114-4-a"><num>(a)</num><content><p>the end of the transitional period, or</p></content></level><level class="para1" eId="section-114-4-b"><num>(b)</num><content><p>if earlier, the delivery of the statement mentioned in subsection <ref href="#section-114-2">(2)</ref>.</p></content></level></subsection><subsection eId="section-114-5"><num>(5)</num><intro><p>Those provisions are—</p></intro><level class="para1" eId="section-114-5-a"><num>(a)</num><content><p>section <ref href="#d28e16018">8E</ref> of the Limited Partnerships Act 1907 (inserted by section 113<ref href="#section-113-4">(4)</ref> of this Act);</p></content></level><level class="para1" eId="section-114-5-b"><num>(b)</num><content><p>section <ref href="#d28e19194">10D</ref><ref href="#d28e19225">(2)(b)</ref> of that Act (inserted by section 126 of this Act).</p></content></level></subsection><subsection eId="section-114-6"><num>(6)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 113<ref href="#section-113-3">(3)</ref> came fully into force.</p></content></hcontainer></subsection><subsection eId="section-114-7"><num>(7)</num><content><p>Failure by the general partners in the limited partnership to comply with subsection <ref href="#section-114-2">(2)</ref> is, in the absence of any evidence to the contrary, to be treated by the registrar as reasonable cause to believe that the limited partnership has been dissolved for the purposes of section 19 of the Limited Partnerships Act 1907 (registrar’s power to confirm dissolution of limited partnership) (inserted by section 141 of this Act).</p></content></subsection><subsection eId="section-114-8"><num>(8)</num><content><p>Where the registrar proposes to rely on a failure by the general partners in the limited partnership to comply with subsection <ref href="#section-114-2">(2)</ref> as grounds for exercising the power in section 19 of the Limited Partnerships Act 1907, subsections (2) to (4) of that section (publication of warning notice) do not apply.</p></content></subsection></section><section eId="section-115"><num>115</num><heading>A limited partnership’s registered office: consequential amendments</heading><subsection eId="section-115-1"><num>(1)</num><content><p>Regulation 2 of the Alternative Investment Fund Managers Regulations 2013 (<ref eId="c00013" href="http://www.legislation.gov.uk/id/uksi/2013/1773">S.I. 2013/1773</ref>) (interpretation) is amended as follows.</p></content></subsection><subsection eId="section-115-2"><num>(2)</num><intro><p>In paragraph (1)—</p></intro><level class="para1" eId="section-115-2-a"><num>(a)</num><content><p><mod>at the end of paragraph (a) of the definition of “EEA AIF” insert <quotedText>“(but see paragraph <ref href="#d28e16562">(1A)</ref> if the AIF is a limited partnership)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-115-2-b"><num>(b)</num><content><p><mod>at the end of the definition of “Gibraltar AIF” insert <quotedText>“(but see paragraph <ref href="#d28e16562">(1A)</ref> if the AIF is a limited partnership)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-115-2-c"><num>(c)</num><content><p><mod>at the end of paragraph (b) of the definition of “UK AIF” insert <quotedText>“(but see paragraph <ref href="#d28e16562">(1A)</ref> if the AIF is a limited partnership)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-115-2-d"><num>(d)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“established”: a reference to the place where an AIF is established (however expressed) is, in relation to an AIF that is a limited partnership, a reference to—</p></intro><level class="para1"><num>(a)</num><content><p>the country in which the AIF is authorised or registered, or</p></content></level><level class="para1"><num>(b)</num><content><p>if the AIF is not authorised or registered, the country in which it has its principal place of business;</p></content></level></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-limited-partnership">limited partnership</term>” means a limited partnership registered under the Limited Partnerships Act 1907;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subsection><subsection eId="section-115-3"><num>(3)</num><content><p><mod>After paragraph (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="double"><paragraph eId="d28e16562"><num>(1A)</num><content><p>In the application of the definition of “EEA AIF”, “Gibraltar AIF” and “UK AIF” to an AIF that is a limited partnership, a reference to the AIF’s registered office is to be read as a reference to its principal place of business.</p></content></paragraph></quotedStructure></mod></p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-113"><num>113</num><heading>A limited partnership’s registered office</heading><subsection eId="section-113-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-113-2"><num>(2)</num><intro><p>In section 3 (interpretation of terms)—</p></intro><level class="para1" eId="section-113-2-a"><num>(a)</num><content><p><mod>in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-authorised-corporate-service-provider">authorised corporate service provider</term>” has the same meaning as in the Companies Act 2006 (see section 1098A of that Act);</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-113-2-b"><num>(b)</num><content><p><mod>after subsection (3) (inserted by section 110 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><content><p>Section 1125 of the Companies Act 2006 (meaning of “<term refersTo="#term-daily-default-fine">daily default fine</term>”) applies for the purpose of any provision made by this Act as it applies for the purposes of provisions of the Companies Acts.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-113-3"><num>(3)</num><intro><p>In section 8A (application for registration)—</p></intro><level class="para1" eId="section-113-3-a"><num>(a)</num><content><p><mod>in subsection (1), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>specify the intended address of the limited partnership’s registered office, which must be an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref>,</p></content></level><level class="para1" eId="d28e15972"><num>(ab)</num><content><p>specify which of the addresses mentioned in section <ref href="#d28e16018">8E</ref><ref href="#d28e16058">(2)(c)</ref> the intended address is,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-113-3-b"><num>(b)</num><content><p><mod>after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e15992"><num>(1A)</num><content><p>An application for registration of a limited partnership which specifies that the intended address of its registered office is an address mentioned in section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref><ref href="#d28e16082">(c)(iv)</ref> must be accompanied by a statement by the authorised corporate service provider confirming that the address is the authorised corporate service provider’s address.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-113-4"><num>(4)</num><content><p><mod>After section 8D insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>A limited partnership’s registered office</heading><section eId="d28e16018"><num>8E</num><heading>Duty to ensure registered office at appropriate address</heading><subsection eId="d28e16022"><num>(1)</num><content><p>The general partners in a limited partnership must ensure that its registered office is at all times at an appropriate address.</p></content></subsection><subsection eId="d28e16028"><num>(2)</num><intro><p>An address is an “appropriate address” if—</p></intro><level class="para1"><num>(a)</num><intro><p>in the ordinary course of events—</p></intro><level class="para2"><num>(i)</num><content><p>a document addressed to the limited partnership, and delivered there by hand or by post, would be expected to come to the attention of a person acting on behalf of the limited partnership, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the delivery of documents there is capable of being recorded by the obtaining of an acknowledgement of delivery,</p></content></level></level><level class="para1"><num>(b)</num><content><p>it is in the part of the United Kingdom in which the limited partnership is registered, and</p></content></level><level class="para1" eId="d28e16058"><num>(c)</num><intro><p>it is at least one of the following—</p></intro><level class="para2" eId="d28e16064"><num>(i)</num><content><p>the address of the principal place of business of the limited partnership;</p></content></level><level class="para2"><num>(ii)</num><content><p>the usual residential address of a general partner who is an individual;</p></content></level><level class="para2"><num>(iii)</num><content><p>the address of the registered or principal office of a general partner that is a legal entity;</p></content></level><level class="para2" eId="d28e16082"><num>(iv)</num><content><p>an address of an authorised corporate service provider that is acting for the limited partnership.</p></content></level></level></subsection><subsection><num>(3)</num><content><p>If the general partners fail to comply with this section an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(4)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(5)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(6)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(7)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection><num>(8)</num><content><p>Subsection <ref href="#d28e16022">(1)</ref> does not apply in relation to a limited partnership during any period for which the address of its registered office is an address nominated by the registrar by virtue of regulations made under section <ref href="#d28e16223">8G</ref>.</p></content></subsection></section><section eId="d28e16160"><num>8F</num><heading>Change of address of registered office by general partners</heading><subsection><num>(1)</num><content><p>The address of a limited partnership’s registered office can be changed by the general partners giving notice to the registrar.</p></content></subsection><subsection><num>(2)</num><intro><p>The notice must include a statement—</p></intro><level class="para1"><num>(a)</num><content><p>that the new address is an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref>, and</p></content></level><level class="para1" eId="d28e16187"><num>(b)</num><content><p>specifying which of the addresses in section <ref href="#d28e16018">8E</ref><ref href="#d28e16058">(2)(c)</ref> the address is.</p></content></level></subsection><subsection><num>(3)</num><content><p>If the statement under subsection <ref href="#d28e16187">(2)(b)</ref> specifies that the address is an address mentioned in section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref><ref href="#d28e16082">(c)(iv)</ref>, the notice must be accompanied by a statement by the authorised corporate service provider confirming that the address is the authorised corporate service provider’s address.</p></content></subsection><subsection><num>(4)</num><content><p>The change takes effect upon the notice being registered by the registrar, but until the end of the period of 14 days beginning with the date on which it is registered a person may validly serve any document on the limited partnership at the address previously registered.</p></content></subsection></section><section eId="d28e16223"><num>8G</num><heading>Regulations about change of address of registered office by registrar</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to change the address of a limited partnership’s registered office if satisfied that it is not an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref>.</p></content></subsection><subsection><num>(2)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection><subsection><num>(3)</num><intro><p>The regulations—</p></intro><level class="para1" eId="d28e16250"><num>(a)</num><content><p>may include provision corresponding or similar to any provision that may be included in regulations under section 1097A of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><intro><p>must include—</p></intro><level class="para2"><num>(i)</num><content><p>provision about appeals corresponding to the provision that must be included in regulations under section 1097A by virtue of subsections <ref href="#d28e14925">(6)</ref> and <ref href="#d28e14931">(6A)</ref> of that section;</p></content></level><level class="para2"><num>(ii)</num><content><p>provision corresponding to subsection (7) of that section.</p></content></level></level></subsection><subsection><num>(4)</num><content><p>The provision that may be made by virtue of subsection <ref href="#d28e16250">(3)(a)</ref> that is corresponding or similar to provision that may be made by virtue of section 1097A<ref href="#d28e14885">(4A)(b)</ref> and <ref href="#d28e14903">(4B)</ref> of the Companies Act 2006 (strike off and restoration) includes provision applying or writing out, with or without modifications, any provision made by section 19 (power to confirm dissolution) or section 20 (administrative revival).</p></content></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-113-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-113-2"><num>(2)</num><intro><p>In section 3 (interpretation of terms)—</p></intro><level class="para1" eId="section-113-2-a"><num>(a)</num><content><p><mod>in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-authorised-corporate-service-provider">authorised corporate service provider</term>” has the same meaning as in the Companies Act 2006 (see section 1098A of that Act);</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-113-2-b"><num>(b)</num><content><p><mod>after subsection (3) (inserted by section 110 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><content><p>Section 1125 of the Companies Act 2006 (meaning of “<term refersTo="#term-daily-default-fine">daily default fine</term>”) applies for the purpose of any provision made by this Act as it applies for the purposes of provisions of the Companies Acts.</p></content></subsection></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-113-2-a"><num>(a)</num><content><p><mod>in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-authorised-corporate-service-provider">authorised corporate service provider</term>” has the same meaning as in the Companies Act 2006 (see section 1098A of that Act);</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-113-2-b"><num>(b)</num><content><p><mod>after subsection (3) (inserted by section 110 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><content><p>Section 1125 of the Companies Act 2006 (meaning of “<term refersTo="#term-daily-default-fine">daily default fine</term>”) applies for the purpose of any provision made by this Act as it applies for the purposes of provisions of the Companies Acts.</p></content></subsection></quotedStructure></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-113-3"><num>(3)</num><intro><p>In section 8A (application for registration)—</p></intro><level class="para1" eId="section-113-3-a"><num>(a)</num><content><p><mod>in subsection (1), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>specify the intended address of the limited partnership’s registered office, which must be an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref>,</p></content></level><level class="para1" eId="d28e15972"><num>(ab)</num><content><p>specify which of the addresses mentioned in section <ref href="#d28e16018">8E</ref><ref href="#d28e16058">(2)(c)</ref> the intended address is,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-113-3-b"><num>(b)</num><content><p><mod>after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e15992"><num>(1A)</num><content><p>An application for registration of a limited partnership which specifies that the intended address of its registered office is an address mentioned in section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref><ref href="#d28e16082">(c)(iv)</ref> must be accompanied by a statement by the authorised corporate service provider confirming that the address is the authorised corporate service provider’s address.</p></content></subsection></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-113-3-a"><num>(a)</num><content><p><mod>in subsection (1), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>specify the intended address of the limited partnership’s registered office, which must be an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref>,</p></content></level><level class="para1" eId="d28e15972"><num>(ab)</num><content><p>specify which of the addresses mentioned in section <ref href="#d28e16018">8E</ref><ref href="#d28e16058">(2)(c)</ref> the intended address is,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-113-3-b"><num>(b)</num><content><p><mod>after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e15992"><num>(1A)</num><content><p>An application for registration of a limited partnership which specifies that the intended address of its registered office is an address mentioned in section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref><ref href="#d28e16082">(c)(iv)</ref> must be accompanied by a statement by the authorised corporate service provider confirming that the address is the authorised corporate service provider’s address.</p></content></subsection></quotedStructure></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-113-4"><num>(4)</num><content><p><mod>After section 8D insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>A limited partnership’s registered office</heading><section eId="d28e16018"><num>8E</num><heading>Duty to ensure registered office at appropriate address</heading><subsection eId="d28e16022"><num>(1)</num><content><p>The general partners in a limited partnership must ensure that its registered office is at all times at an appropriate address.</p></content></subsection><subsection eId="d28e16028"><num>(2)</num><intro><p>An address is an “appropriate address” if—</p></intro><level class="para1"><num>(a)</num><intro><p>in the ordinary course of events—</p></intro><level class="para2"><num>(i)</num><content><p>a document addressed to the limited partnership, and delivered there by hand or by post, would be expected to come to the attention of a person acting on behalf of the limited partnership, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the delivery of documents there is capable of being recorded by the obtaining of an acknowledgement of delivery,</p></content></level></level><level class="para1"><num>(b)</num><content><p>it is in the part of the United Kingdom in which the limited partnership is registered, and</p></content></level><level class="para1" eId="d28e16058"><num>(c)</num><intro><p>it is at least one of the following—</p></intro><level class="para2" eId="d28e16064"><num>(i)</num><content><p>the address of the principal place of business of the limited partnership;</p></content></level><level class="para2"><num>(ii)</num><content><p>the usual residential address of a general partner who is an individual;</p></content></level><level class="para2"><num>(iii)</num><content><p>the address of the registered or principal office of a general partner that is a legal entity;</p></content></level><level class="para2" eId="d28e16082"><num>(iv)</num><content><p>an address of an authorised corporate service provider that is acting for the limited partnership.</p></content></level></level></subsection><subsection><num>(3)</num><content><p>If the general partners fail to comply with this section an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(4)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(5)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(6)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(7)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection><num>(8)</num><content><p>Subsection <ref href="#d28e16022">(1)</ref> does not apply in relation to a limited partnership during any period for which the address of its registered office is an address nominated by the registrar by virtue of regulations made under section <ref href="#d28e16223">8G</ref>.</p></content></subsection></section><section eId="d28e16160"><num>8F</num><heading>Change of address of registered office by general partners</heading><subsection><num>(1)</num><content><p>The address of a limited partnership’s registered office can be changed by the general partners giving notice to the registrar.</p></content></subsection><subsection><num>(2)</num><intro><p>The notice must include a statement—</p></intro><level class="para1"><num>(a)</num><content><p>that the new address is an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref>, and</p></content></level><level class="para1" eId="d28e16187"><num>(b)</num><content><p>specifying which of the addresses in section <ref href="#d28e16018">8E</ref><ref href="#d28e16058">(2)(c)</ref> the address is.</p></content></level></subsection><subsection><num>(3)</num><content><p>If the statement under subsection <ref href="#d28e16187">(2)(b)</ref> specifies that the address is an address mentioned in section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref><ref href="#d28e16082">(c)(iv)</ref>, the notice must be accompanied by a statement by the authorised corporate service provider confirming that the address is the authorised corporate service provider’s address.</p></content></subsection><subsection><num>(4)</num><content><p>The change takes effect upon the notice being registered by the registrar, but until the end of the period of 14 days beginning with the date on which it is registered a person may validly serve any document on the limited partnership at the address previously registered.</p></content></subsection></section><section eId="d28e16223"><num>8G</num><heading>Regulations about change of address of registered office by registrar</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to change the address of a limited partnership’s registered office if satisfied that it is not an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref>.</p></content></subsection><subsection><num>(2)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection><subsection><num>(3)</num><intro><p>The regulations—</p></intro><level class="para1" eId="d28e16250"><num>(a)</num><content><p>may include provision corresponding or similar to any provision that may be included in regulations under section 1097A of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><intro><p>must include—</p></intro><level class="para2"><num>(i)</num><content><p>provision about appeals corresponding to the provision that must be included in regulations under section 1097A by virtue of subsections <ref href="#d28e14925">(6)</ref> and <ref href="#d28e14931">(6A)</ref> of that section;</p></content></level><level class="para2"><num>(ii)</num><content><p>provision corresponding to subsection (7) of that section.</p></content></level></level></subsection><subsection><num>(4)</num><content><p>The provision that may be made by virtue of subsection <ref href="#d28e16250">(3)(a)</ref> that is corresponding or similar to provision that may be made by virtue of section 1097A<ref href="#d28e14885">(4A)(b)</ref> and <ref href="#d28e14903">(4B)</ref> of the Companies Act 2006 (strike off and restoration) includes provision applying or writing out, with or without modifications, any provision made by section 19 (power to confirm dissolution) or section 20 (administrative revival).</p></content></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-114"><num>114</num><heading>A limited partnership’s registered office: transitional provision</heading><subsection eId="section-114-1"><num>(1)</num><content><p>This section applies in relation to a limited partnership registered under the Limited Partnerships Act 1907 in pursuance of an application for registration delivered to the registrar before section 113<ref href="#section-113-3">(3)</ref> came fully into force.</p></content></subsection><subsection eId="section-114-2"><num>(2)</num><intro><p>The general partners must, within the transitional period, deliver to the registrar a statement specifying—</p></intro><level class="para1" eId="section-114-2-a"><num>(a)</num><content><p>the address of its registered office (which must be an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref> of that Act (inserted by section 113<ref href="#section-113-4">(4)</ref> of this Act)), and</p></content></level><level class="para1" eId="section-114-2-b"><num>(b)</num><content><p>which of the addresses in section <ref href="#d28e16018">8E</ref><ref href="#d28e16058">(2)(c)</ref> of that Act the address is.</p></content></level></subsection><subsection eId="section-114-3"><num>(3)</num><content><p>If the statement under subsection <ref href="#section-114-2-b">(2)(b)</ref> specifies that the address is an address mentioned in section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref><ref href="#d28e16058">(c)</ref><ref href="#d28e16082">(iv)</ref> of the Limited Partnerships Act 1907, the notice must be accompanied by a statement by the authorised corporate service provider confirming that the address is the authorised corporate service provider’s address.</p></content></subsection><subsection eId="section-114-4"><num>(4)</num><intro><p>The provisions mentioned in subsection <ref href="#section-114-5">(5)</ref> do not apply in respect of the limited partnership until—</p></intro><level class="para1" eId="section-114-4-a"><num>(a)</num><content><p>the end of the transitional period, or</p></content></level><level class="para1" eId="section-114-4-b"><num>(b)</num><content><p>if earlier, the delivery of the statement mentioned in subsection <ref href="#section-114-2">(2)</ref>.</p></content></level></subsection><subsection eId="section-114-5"><num>(5)</num><intro><p>Those provisions are—</p></intro><level class="para1" eId="section-114-5-a"><num>(a)</num><content><p>section <ref href="#d28e16018">8E</ref> of the Limited Partnerships Act 1907 (inserted by section 113<ref href="#section-113-4">(4)</ref> of this Act);</p></content></level><level class="para1" eId="section-114-5-b"><num>(b)</num><content><p>section <ref href="#d28e19194">10D</ref><ref href="#d28e19225">(2)(b)</ref> of that Act (inserted by section 126 of this Act).</p></content></level></subsection><subsection eId="section-114-6"><num>(6)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 113<ref href="#section-113-3">(3)</ref> came fully into force.</p></content></hcontainer></subsection><subsection eId="section-114-7"><num>(7)</num><content><p>Failure by the general partners in the limited partnership to comply with subsection <ref href="#section-114-2">(2)</ref> is, in the absence of any evidence to the contrary, to be treated by the registrar as reasonable cause to believe that the limited partnership has been dissolved for the purposes of section 19 of the Limited Partnerships Act 1907 (registrar’s power to confirm dissolution of limited partnership) (inserted by section 141 of this Act).</p></content></subsection><subsection eId="section-114-8"><num>(8)</num><content><p>Where the registrar proposes to rely on a failure by the general partners in the limited partnership to comply with subsection <ref href="#section-114-2">(2)</ref> as grounds for exercising the power in section 19 of the Limited Partnerships Act 1907, subsections (2) to (4) of that section (publication of warning notice) do not apply.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-114-1"><num>(1)</num><content><p>This section applies in relation to a limited partnership registered under the Limited Partnerships Act 1907 in pursuance of an application for registration delivered to the registrar before section 113<ref href="#section-113-3">(3)</ref> came fully into force.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-114-2"><num>(2)</num><intro><p>The general partners must, within the transitional period, deliver to the registrar a statement specifying—</p></intro><level class="para1" eId="section-114-2-a"><num>(a)</num><content><p>the address of its registered office (which must be an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref> of that Act (inserted by section 113<ref href="#section-113-4">(4)</ref> of this Act)), and</p></content></level><level class="para1" eId="section-114-2-b"><num>(b)</num><content><p>which of the addresses in section <ref href="#d28e16018">8E</ref><ref href="#d28e16058">(2)(c)</ref> of that Act the address is.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-114-2-a"><num>(a)</num><content><p>the address of its registered office (which must be an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref> of that Act (inserted by section 113<ref href="#section-113-4">(4)</ref> of this Act)), and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-114-2-b"><num>(b)</num><content><p>which of the addresses in section <ref href="#d28e16018">8E</ref><ref href="#d28e16058">(2)(c)</ref> of that Act the address is.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-114-3"><num>(3)</num><content><p>If the statement under subsection <ref href="#section-114-2-b">(2)(b)</ref> specifies that the address is an address mentioned in section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref><ref href="#d28e16058">(c)</ref><ref href="#d28e16082">(iv)</ref> of the Limited Partnerships Act 1907, the notice must be accompanied by a statement by the authorised corporate service provider confirming that the address is the authorised corporate service provider’s address.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-114-4"><num>(4)</num><intro><p>The provisions mentioned in subsection <ref href="#section-114-5">(5)</ref> do not apply in respect of the limited partnership until—</p></intro><level class="para1" eId="section-114-4-a"><num>(a)</num><content><p>the end of the transitional period, or</p></content></level><level class="para1" eId="section-114-4-b"><num>(b)</num><content><p>if earlier, the delivery of the statement mentioned in subsection <ref href="#section-114-2">(2)</ref>.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-114-4-a"><num>(a)</num><content><p>the end of the transitional period, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-114-4-b"><num>(b)</num><content><p>if earlier, the delivery of the statement mentioned in subsection <ref href="#section-114-2">(2)</ref>.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-114-5"><num>(5)</num><intro><p>Those provisions are—</p></intro><level class="para1" eId="section-114-5-a"><num>(a)</num><content><p>section <ref href="#d28e16018">8E</ref> of the Limited Partnerships Act 1907 (inserted by section 113<ref href="#section-113-4">(4)</ref> of this Act);</p></content></level><level class="para1" eId="section-114-5-b"><num>(b)</num><content><p>section <ref href="#d28e19194">10D</ref><ref href="#d28e19225">(2)(b)</ref> of that Act (inserted by section 126 of this Act).</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-114-5-a"><num>(a)</num><content><p>section <ref href="#d28e16018">8E</ref> of the Limited Partnerships Act 1907 (inserted by section 113<ref href="#section-113-4">(4)</ref> of this Act);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-114-5-b"><num>(b)</num><content><p>section <ref href="#d28e19194">10D</ref><ref href="#d28e19225">(2)(b)</ref> of that Act (inserted by section 126 of this Act).</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-114-6"><num>(6)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 113<ref href="#section-113-3">(3)</ref> came fully into force.</p></content></hcontainer></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-114-7"><num>(7)</num><content><p>Failure by the general partners in the limited partnership to comply with subsection <ref href="#section-114-2">(2)</ref> is, in the absence of any evidence to the contrary, to be treated by the registrar as reasonable cause to believe that the limited partnership has been dissolved for the purposes of section 19 of the Limited Partnerships Act 1907 (registrar’s power to confirm dissolution of limited partnership) (inserted by section 141 of this Act).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-114-8"><num>(8)</num><content><p>Where the registrar proposes to rely on a failure by the general partners in the limited partnership to comply with subsection <ref href="#section-114-2">(2)</ref> as grounds for exercising the power in section 19 of the Limited Partnerships Act 1907, subsections (2) to (4) of that section (publication of warning notice) do not apply.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-115"><num>115</num><heading>A limited partnership’s registered office: consequential amendments</heading><subsection eId="section-115-1"><num>(1)</num><content><p>Regulation 2 of the Alternative Investment Fund Managers Regulations 2013 (<ref eId="c00013" href="http://www.legislation.gov.uk/id/uksi/2013/1773">S.I. 2013/1773</ref>) (interpretation) is amended as follows.</p></content></subsection><subsection eId="section-115-2"><num>(2)</num><intro><p>In paragraph (1)—</p></intro><level class="para1" eId="section-115-2-a"><num>(a)</num><content><p><mod>at the end of paragraph (a) of the definition of “EEA AIF” insert <quotedText>“(but see paragraph <ref href="#d28e16562">(1A)</ref> if the AIF is a limited partnership)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-115-2-b"><num>(b)</num><content><p><mod>at the end of the definition of “Gibraltar AIF” insert <quotedText>“(but see paragraph <ref href="#d28e16562">(1A)</ref> if the AIF is a limited partnership)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-115-2-c"><num>(c)</num><content><p><mod>at the end of paragraph (b) of the definition of “UK AIF” insert <quotedText>“(but see paragraph <ref href="#d28e16562">(1A)</ref> if the AIF is a limited partnership)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-115-2-d"><num>(d)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“established”: a reference to the place where an AIF is established (however expressed) is, in relation to an AIF that is a limited partnership, a reference to—</p></intro><level class="para1"><num>(a)</num><content><p>the country in which the AIF is authorised or registered, or</p></content></level><level class="para1"><num>(b)</num><content><p>if the AIF is not authorised or registered, the country in which it has its principal place of business;</p></content></level></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-limited-partnership">limited partnership</term>” means a limited partnership registered under the Limited Partnerships Act 1907;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subsection><subsection eId="section-115-3"><num>(3)</num><content><p><mod>After paragraph (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="double"><paragraph eId="d28e16562"><num>(1A)</num><content><p>In the application of the definition of “EEA AIF”, “Gibraltar AIF” and “UK AIF” to an AIF that is a limited partnership, a reference to the AIF’s registered office is to be read as a reference to its principal place of business.</p></content></paragraph></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-115-1"><num>(1)</num><content><p>Regulation 2 of the Alternative Investment Fund Managers Regulations 2013 (<ref eId="c00013" href="http://www.legislation.gov.uk/id/uksi/2013/1773">S.I. 2013/1773</ref>) (interpretation) is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-115-2"><num>(2)</num><intro><p>In paragraph (1)—</p></intro><level class="para1" eId="section-115-2-a"><num>(a)</num><content><p><mod>at the end of paragraph (a) of the definition of “EEA AIF” insert <quotedText>“(but see paragraph <ref href="#d28e16562">(1A)</ref> if the AIF is a limited partnership)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-115-2-b"><num>(b)</num><content><p><mod>at the end of the definition of “Gibraltar AIF” insert <quotedText>“(but see paragraph <ref href="#d28e16562">(1A)</ref> if the AIF is a limited partnership)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-115-2-c"><num>(c)</num><content><p><mod>at the end of paragraph (b) of the definition of “UK AIF” insert <quotedText>“(but see paragraph <ref href="#d28e16562">(1A)</ref> if the AIF is a limited partnership)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-115-2-d"><num>(d)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“established”: a reference to the place where an AIF is established (however expressed) is, in relation to an AIF that is a limited partnership, a reference to—</p></intro><level class="para1"><num>(a)</num><content><p>the country in which the AIF is authorised or registered, or</p></content></level><level class="para1"><num>(b)</num><content><p>if the AIF is not authorised or registered, the country in which it has its principal place of business;</p></content></level></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-limited-partnership">limited partnership</term>” means a limited partnership registered under the Limited Partnerships Act 1907;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-115-2-a"><num>(a)</num><content><p><mod>at the end of paragraph (a) of the definition of “EEA AIF” insert <quotedText>“(but see paragraph <ref href="#d28e16562">(1A)</ref> if the AIF is a limited partnership)”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-115-2-b"><num>(b)</num><content><p><mod>at the end of the definition of “Gibraltar AIF” insert <quotedText>“(but see paragraph <ref href="#d28e16562">(1A)</ref> if the AIF is a limited partnership)”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-115-2-c"><num>(c)</num><content><p><mod>at the end of paragraph (b) of the definition of “UK AIF” insert <quotedText>“(but see paragraph <ref href="#d28e16562">(1A)</ref> if the AIF is a limited partnership)”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-115-2-d"><num>(d)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“established”: a reference to the place where an AIF is established (however expressed) is, in relation to an AIF that is a limited partnership, a reference to—</p></intro><level class="para1"><num>(a)</num><content><p>the country in which the AIF is authorised or registered, or</p></content></level><level class="para1"><num>(b)</num><content><p>if the AIF is not authorised or registered, the country in which it has its principal place of business;</p></content></level></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-limited-partnership">limited partnership</term>” means a limited partnership registered under the Limited Partnerships Act 1907;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-115-3"><num>(3)</num><content><p><mod>After paragraph (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="double"><paragraph eId="d28e16562"><num>(1A)</num><content><p>In the application of the definition of “EEA AIF”, “Gibraltar AIF” and “UK AIF” to an AIF that is a limited partnership, a reference to the AIF’s registered office is to be read as a reference to its principal place of business.</p></content></paragraph></quotedStructure></mod></p></content></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-registered-email-addresses"><heading>Registered email addresses</heading><section eId="section-116"><num>116</num><heading>A limited partnership’s registered email address</heading><subsection eId="section-116-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-116-2"><num>(2)</num><content><p><mod>In section 8A (application for registration), in subsection (1), after paragraph <ref href="#d28e15972">(ab)</ref> (inserted by section 113 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ac)</num><content><p>specify the intended registered email address of the limited partnership, which must be an appropriate email address within the meaning given by section <ref href="#d28e16624">8H</ref><ref href="#d28e16634">(2)</ref>,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-116-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e16223">8G</ref> (inserted by section 113 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>A limited partnership‘s registered email address</heading><section eId="d28e16624"><num>8H</num><heading>Duty to maintain a registered email address</heading><subsection><num>(1)</num><content><p>The general partners in a limited partnership must ensure that its registered email address is at all times an appropriate email address.</p></content></subsection><subsection eId="d28e16634"><num>(2)</num><content><p>An email address is an “appropriate email address” if, in the ordinary course of events, emails sent to it by the registrar would be expected to come to the attention of a person acting on behalf of the limited partnership.</p></content></subsection><subsection><num>(3)</num><content><p>If the general partners fail to comply with this section an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(4)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(5)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(6)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(7)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection></section><section eId="d28e16700"><num>8I</num><heading>Change of registered email address</heading><subsection><num>(1)</num><content><p>A limited partnership’s registered email address can be changed by the general partners giving notice to the registrar.</p></content></subsection><subsection><num>(2)</num><content><p>The notice must include a statement that the new address is an appropriate email address within the meaning given by section <ref href="#d28e16624">8H</ref><ref href="#d28e16634">(2)</ref>.</p></content></subsection><subsection><num>(3)</num><content><p>The change takes effect upon the notice being registered by the registrar.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section><section eId="section-117"><num>117</num><heading>A limited partnership’s registered email address: transitional provision</heading><subsection eId="section-117-1"><num>(1)</num><content><p>This section applies in relation to a limited partnership registered under the Limited Partnerships Act 1907 in pursuance of an application for registration delivered to the registrar before section 116<ref href="#section-116-2">(2)</ref> came fully into force.</p></content></subsection><subsection eId="section-117-2"><num>(2)</num><content><p>The general partners must, within the transitional period, deliver to the registrar a statement specifying its registered email address (which must be an appropriate email address within the meaning given by section <ref href="#d28e16624">8H</ref><ref href="#d28e16634">(2)</ref> of that Act (inserted by section 116<ref href="#section-116-3">(3)</ref> of this Act)).</p></content></subsection><subsection eId="section-117-3"><num>(3)</num><intro><p>The provisions mentioned in subsection <ref href="#section-117-4">(4)</ref> do not apply in respect of the limited partnership until—</p></intro><level class="para1" eId="section-117-3-a"><num>(a)</num><content><p>the end of the transitional period, or</p></content></level><level class="para1" eId="section-117-3-b"><num>(b)</num><content><p>if earlier, the delivery of the statement mentioned in subsection <ref href="#section-117-2">(2)</ref>.</p></content></level></subsection><subsection eId="section-117-4"><num>(4)</num><intro><p>Those provisions are—</p></intro><level class="para1" eId="section-117-4-a"><num>(a)</num><content><p>section <ref href="#d28e16624">8H</ref> of the Limited Partnerships Act 1907 (inserted by section 116<ref href="#section-116-3">(3)</ref> of this Act);</p></content></level><level class="para1" eId="section-117-4-b"><num>(b)</num><content><p>section <ref href="#d28e19194">10D</ref><ref href="#d28e19254">(2)(c)</ref> of that Act (inserted by section 126 of this Act).</p></content></level></subsection><subsection eId="section-117-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 116<ref href="#section-116-2">(2)</ref> came fully into force.</p></content></hcontainer></subsection><subsection eId="section-117-6"><num>(6)</num><content><p>Failure by the general partners in a limited partnership to comply with subsection <ref href="#section-117-2">(2)</ref> is, in the absence of any evidence to the contrary, to be treated by the registrar as reasonable cause to believe that the limited partnership has been dissolved for the purposes of section <ref href="#d28e21741">19</ref> of the Limited Partnerships Act 1907 (registrar’s power to confirm dissolution of limited partnership) (inserted by section 141 of this Act).</p></content></subsection><subsection eId="section-117-7"><num>(7)</num><content><p>Where the registrar proposes to rely on a failure by the general partners in the limited partnership to comply with subsection <ref href="#section-117-2">(2)</ref> as grounds for exercising the power in section <ref href="#d28e21741">19</ref> of the Limited Partnerships Act 1907, subsections <ref href="#d28e21751">(2)</ref> to <ref href="#d28e21790">(4)</ref> of that section (publication of warning notice) do not apply.</p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-116"><num>116</num><heading>A limited partnership’s registered email address</heading><subsection eId="section-116-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-116-2"><num>(2)</num><content><p><mod>In section 8A (application for registration), in subsection (1), after paragraph <ref href="#d28e15972">(ab)</ref> (inserted by section 113 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ac)</num><content><p>specify the intended registered email address of the limited partnership, which must be an appropriate email address within the meaning given by section <ref href="#d28e16624">8H</ref><ref href="#d28e16634">(2)</ref>,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-116-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e16223">8G</ref> (inserted by section 113 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>A limited partnership‘s registered email address</heading><section eId="d28e16624"><num>8H</num><heading>Duty to maintain a registered email address</heading><subsection><num>(1)</num><content><p>The general partners in a limited partnership must ensure that its registered email address is at all times an appropriate email address.</p></content></subsection><subsection eId="d28e16634"><num>(2)</num><content><p>An email address is an “appropriate email address” if, in the ordinary course of events, emails sent to it by the registrar would be expected to come to the attention of a person acting on behalf of the limited partnership.</p></content></subsection><subsection><num>(3)</num><content><p>If the general partners fail to comply with this section an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(4)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(5)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(6)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(7)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection></section><section eId="d28e16700"><num>8I</num><heading>Change of registered email address</heading><subsection><num>(1)</num><content><p>A limited partnership’s registered email address can be changed by the general partners giving notice to the registrar.</p></content></subsection><subsection><num>(2)</num><content><p>The notice must include a statement that the new address is an appropriate email address within the meaning given by section <ref href="#d28e16624">8H</ref><ref href="#d28e16634">(2)</ref>.</p></content></subsection><subsection><num>(3)</num><content><p>The change takes effect upon the notice being registered by the registrar.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-116-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-116-2"><num>(2)</num><content><p><mod>In section 8A (application for registration), in subsection (1), after paragraph <ref href="#d28e15972">(ab)</ref> (inserted by section 113 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ac)</num><content><p>specify the intended registered email address of the limited partnership, which must be an appropriate email address within the meaning given by section <ref href="#d28e16624">8H</ref><ref href="#d28e16634">(2)</ref>,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-116-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e16223">8G</ref> (inserted by section 113 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>A limited partnership‘s registered email address</heading><section eId="d28e16624"><num>8H</num><heading>Duty to maintain a registered email address</heading><subsection><num>(1)</num><content><p>The general partners in a limited partnership must ensure that its registered email address is at all times an appropriate email address.</p></content></subsection><subsection eId="d28e16634"><num>(2)</num><content><p>An email address is an “appropriate email address” if, in the ordinary course of events, emails sent to it by the registrar would be expected to come to the attention of a person acting on behalf of the limited partnership.</p></content></subsection><subsection><num>(3)</num><content><p>If the general partners fail to comply with this section an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(4)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(5)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(6)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(7)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection></section><section eId="d28e16700"><num>8I</num><heading>Change of registered email address</heading><subsection><num>(1)</num><content><p>A limited partnership’s registered email address can be changed by the general partners giving notice to the registrar.</p></content></subsection><subsection><num>(2)</num><content><p>The notice must include a statement that the new address is an appropriate email address within the meaning given by section <ref href="#d28e16624">8H</ref><ref href="#d28e16634">(2)</ref>.</p></content></subsection><subsection><num>(3)</num><content><p>The change takes effect upon the notice being registered by the registrar.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-117"><num>117</num><heading>A limited partnership’s registered email address: transitional provision</heading><subsection eId="section-117-1"><num>(1)</num><content><p>This section applies in relation to a limited partnership registered under the Limited Partnerships Act 1907 in pursuance of an application for registration delivered to the registrar before section 116<ref href="#section-116-2">(2)</ref> came fully into force.</p></content></subsection><subsection eId="section-117-2"><num>(2)</num><content><p>The general partners must, within the transitional period, deliver to the registrar a statement specifying its registered email address (which must be an appropriate email address within the meaning given by section <ref href="#d28e16624">8H</ref><ref href="#d28e16634">(2)</ref> of that Act (inserted by section 116<ref href="#section-116-3">(3)</ref> of this Act)).</p></content></subsection><subsection eId="section-117-3"><num>(3)</num><intro><p>The provisions mentioned in subsection <ref href="#section-117-4">(4)</ref> do not apply in respect of the limited partnership until—</p></intro><level class="para1" eId="section-117-3-a"><num>(a)</num><content><p>the end of the transitional period, or</p></content></level><level class="para1" eId="section-117-3-b"><num>(b)</num><content><p>if earlier, the delivery of the statement mentioned in subsection <ref href="#section-117-2">(2)</ref>.</p></content></level></subsection><subsection eId="section-117-4"><num>(4)</num><intro><p>Those provisions are—</p></intro><level class="para1" eId="section-117-4-a"><num>(a)</num><content><p>section <ref href="#d28e16624">8H</ref> of the Limited Partnerships Act 1907 (inserted by section 116<ref href="#section-116-3">(3)</ref> of this Act);</p></content></level><level class="para1" eId="section-117-4-b"><num>(b)</num><content><p>section <ref href="#d28e19194">10D</ref><ref href="#d28e19254">(2)(c)</ref> of that Act (inserted by section 126 of this Act).</p></content></level></subsection><subsection eId="section-117-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 116<ref href="#section-116-2">(2)</ref> came fully into force.</p></content></hcontainer></subsection><subsection eId="section-117-6"><num>(6)</num><content><p>Failure by the general partners in a limited partnership to comply with subsection <ref href="#section-117-2">(2)</ref> is, in the absence of any evidence to the contrary, to be treated by the registrar as reasonable cause to believe that the limited partnership has been dissolved for the purposes of section <ref href="#d28e21741">19</ref> of the Limited Partnerships Act 1907 (registrar’s power to confirm dissolution of limited partnership) (inserted by section 141 of this Act).</p></content></subsection><subsection eId="section-117-7"><num>(7)</num><content><p>Where the registrar proposes to rely on a failure by the general partners in the limited partnership to comply with subsection <ref href="#section-117-2">(2)</ref> as grounds for exercising the power in section <ref href="#d28e21741">19</ref> of the Limited Partnerships Act 1907, subsections <ref href="#d28e21751">(2)</ref> to <ref href="#d28e21790">(4)</ref> of that section (publication of warning notice) do not apply.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-117-1"><num>(1)</num><content><p>This section applies in relation to a limited partnership registered under the Limited Partnerships Act 1907 in pursuance of an application for registration delivered to the registrar before section 116<ref href="#section-116-2">(2)</ref> came fully into force.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-117-2"><num>(2)</num><content><p>The general partners must, within the transitional period, deliver to the registrar a statement specifying its registered email address (which must be an appropriate email address within the meaning given by section <ref href="#d28e16624">8H</ref><ref href="#d28e16634">(2)</ref> of that Act (inserted by section 116<ref href="#section-116-3">(3)</ref> of this Act)).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-117-3"><num>(3)</num><intro><p>The provisions mentioned in subsection <ref href="#section-117-4">(4)</ref> do not apply in respect of the limited partnership until—</p></intro><level class="para1" eId="section-117-3-a"><num>(a)</num><content><p>the end of the transitional period, or</p></content></level><level class="para1" eId="section-117-3-b"><num>(b)</num><content><p>if earlier, the delivery of the statement mentioned in subsection <ref href="#section-117-2">(2)</ref>.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-117-3-a"><num>(a)</num><content><p>the end of the transitional period, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-117-3-b"><num>(b)</num><content><p>if earlier, the delivery of the statement mentioned in subsection <ref href="#section-117-2">(2)</ref>.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-117-4"><num>(4)</num><intro><p>Those provisions are—</p></intro><level class="para1" eId="section-117-4-a"><num>(a)</num><content><p>section <ref href="#d28e16624">8H</ref> of the Limited Partnerships Act 1907 (inserted by section 116<ref href="#section-116-3">(3)</ref> of this Act);</p></content></level><level class="para1" eId="section-117-4-b"><num>(b)</num><content><p>section <ref href="#d28e19194">10D</ref><ref href="#d28e19254">(2)(c)</ref> of that Act (inserted by section 126 of this Act).</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-117-4-a"><num>(a)</num><content><p>section <ref href="#d28e16624">8H</ref> of the Limited Partnerships Act 1907 (inserted by section 116<ref href="#section-116-3">(3)</ref> of this Act);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-117-4-b"><num>(b)</num><content><p>section <ref href="#d28e19194">10D</ref><ref href="#d28e19254">(2)(c)</ref> of that Act (inserted by section 126 of this Act).</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-117-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 116<ref href="#section-116-2">(2)</ref> came fully into force.</p></content></hcontainer></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content><p>“<term refersTo="#term-personal-data" eId="term-personal-data">personal data</term>” and “<term refersTo="#term-processing" eId="term-processing">processing</term>” have the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);</p></content></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><intro><p>“turnover”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to a UK company, has the same meaning as in Part 15 of the Companies Act 2006 (see section 474 of that Act);</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to any other relevant body, has a corresponding meaning;</p></content></level></hcontainer>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-41" class="schProv1"><num>41</num><content><p><mod>In section 195K (further detention pending making of restraint order), after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><content><p>Exempt property seized under section 195C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(6)</num><intro><p>In subsection (5)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 195C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 195G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-9-paragraph-2" class="schProv1"><num>2</num><content><p><mod>In section 2C(3A) of the Proceeds of Crime Act 2002 (prosecuting authorities), for “or 303Z19” substitute <quotedText>“, 303Z19, 303Z53 or 303Z65”</quotedText>.</mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-42" class="schProv1"><num>42</num><content><p><mod>In section 195L (further detention pending variation of restraint order), after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><content><p>Exempt property seized under section 195C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(5)</num><intro><p>In subsection (4)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 195C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 195G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-9-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-9-paragraph-3-1"><num>(1)</num><content><p>Part 2 of the Proceeds of Crime Act 2002 (confiscation: England and Wales) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-3-2"><num>(2)</num><intro><p>In section 7 (recoverable amount)—</p></intro><level class="para1" eId="schedule-9-paragraph-3-2-a"><num>(a)</num><content><p><mod>in subsection (4)(c), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-3-2-b"><num>(b)</num><content><p><mod>in subsection (4)(d), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-3-3"><num>(3)</num><intro><p>In section 82 (free property)—</p></intro><level class="para1" eId="schedule-9-paragraph-3-3-a"><num>(a)</num><intro><p>in subsection (2)—</p></intro><level class="para2" eId="schedule-9-paragraph-3-3-a-i"><num>(i)</num><content><p><mod>in paragraph (ea), for “or 10Z2(3)” substitute <quotedText>“, 10Z2(3), 10Z7AG(1), 10Z7BB(2), 10Z7CA(3), 10Z7CE(3) or 10Z7DG(3)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-3-3-a-ii"><num>(ii)</num><content><p><mod>in paragraph (f), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z32(1), 303Z37(2), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level></level><level class="para1" eId="schedule-9-paragraph-3-3-b"><num>(b)</num><intro><p>in subsection (3)—</p></intro><level class="para2" eId="schedule-9-paragraph-3-3-b-i"><num>(i)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>it is detained under section 303Z30, 303Z31 or 303Z32 in a case where section 303Z42(2) applies;</p></content></level><level class="para1"><num>(bb)</num><content><p>it is detained under section 303Z57 or 303Z58 in a case where section 303Z60(6) applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-3-3-b-ii"><num>(ii)</num><content><p><mod>in paragraph (c), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-3-3-b-iii"><num>(iii)</num><content><p><mod>after paragraph (e) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ea)</num><content><p>it is detained under paragraph 10Z7AE, 10Z7AF or 10Z7AG of that Schedule in a case where paragraph 10Z7CB(2) of that Schedule applies;</p></content></level><level class="para1"><num>(eb)</num><content><p>it is detained under paragraph 10Z7DD or 10Z7DE of that Schedule in a case where paragraph 10Z7DG(5) of that Schedule applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-3-3-b-iv"><num>(iv)</num><content><p><mod>in paragraph (f), after “10I(1)” insert <quotedText>“or 10Z7CD(1)”</quotedText>.</mod></p></content></level></level></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-43" class="schProv1"><num>43</num><subparagraph eId="schedule-8-paragraph-43-1"><num>(1)</num><content><p>Section 195M (further detention in other cases) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-43-2"><num>(2)</num><content><p>In subsection (2)(b), omit “(within the meaning of section 195C(4))”.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-43-3"><num>(3)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>A magistrates’ court may by order extend the period for which the property may be detained under section 195J if satisfied that—</p></intro><level class="para1"><num>(a)</num><content><p>any of the conditions in section 195B is met (reading references in that section to the officer as references to the court),</p></content></level><level class="para1"><num>(b)</num><content><p>the property is free property, and</p></content></level><level class="para1"><num>(c)</num><content><p>there are reasonable grounds for suspecting that the property is a cryptoasset-related item.</p></content></level></subsection><subsection><num>(2B)</num><intro><p>An order under subsection (2A) may not be made in respect of exempt property unless the court is satisfied that the person applying for the order is working diligently and expeditiously—</p></intro><level class="para1"><num>(a)</num><content><p>to determine whether the property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>if it has already been determined to be such an item, to seize any related cryptoassets under section 195C(1).</p></content></level></subsection><subsection><num>(2C)</num><intro><p>An order under subsection (2A) may not extend the period for which the property may be detained beyond the period of—</p></intro><level class="para1"><num>(a)</num><content><p>six months beginning with the date of the order, or</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of exempt property, 14 days beginning with that date.</p></content></level><wrapUp><p>This does not prevent the period from being further extended by another order under this section.</p></wrapUp></subsection><subsection><num>(2D)</num><content><p>The period of 14 days referred to in subsection (2C)(b) is to be calculated in accordance with section 195H(7) (reading the reference there to 48 hours as a reference to 14 days).</p></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-43-4"><num>(4)</num><content><p><mod>In subsection (6), after “section” insert <quotedText startQuote="“">—</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 195C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-9-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-9-paragraph-4-1"><num>(1)</num><content><p>Part 3 of the Proceeds of Crime Act 2002 (confiscation: Scotland) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-4-2"><num>(2)</num><intro><p>In section 93 (recoverable amount)—</p></intro><level class="para1" eId="schedule-9-paragraph-4-2-a"><num>(a)</num><content><p><mod>in subsection (4)(c), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-4-2-b"><num>(b)</num><content><p><mod>in subsection (4)(d), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-4-3"><num>(3)</num><intro><p>In section 148 (free property)—</p></intro><level class="para1" eId="schedule-9-paragraph-4-3-a"><num>(a)</num><intro><p>in subsection (2)—</p></intro><level class="para2" eId="schedule-9-paragraph-4-3-a-i"><num>(i)</num><content><p><mod>in paragraph (ea), for “or 10Z2(3)” substitute <quotedText>“, 10Z2(3), 10Z7AG(1), 10Z7BB(2), 10Z7CA(3), 10Z7CE(3) or 10Z7DG(3)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-4-3-a-ii"><num>(ii)</num><content><p><mod>in paragraph (f), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z32(1), 303Z37(2), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level></level><level class="para1" eId="schedule-9-paragraph-4-3-b"><num>(b)</num><intro><p>in subsection (3)—</p></intro><level class="para2" eId="schedule-9-paragraph-4-3-b-i"><num>(i)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>it is detained under section 303Z30, 303Z31 or 303Z32 in a case where section 303Z42(2) applies;</p></content></level><level class="para1"><num>(bb)</num><content><p>it is detained under section 303Z57 or 303Z58 in a case where section 303Z60(6) applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-4-3-b-ii"><num>(ii)</num><content><p><mod>in paragraph (c), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-4-3-b-iii"><num>(iii)</num><content><p><mod>after paragraph (e) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ea)</num><content><p>it is detained under paragraph 10Z7AE, 10Z7AF or 10Z7AG of that Schedule in a case where paragraph 10Z7CB(2) of that Schedule applies;</p></content></level><level class="para1"><num>(eb)</num><content><p>it is detained under paragraph 10Z7DD or 10Z7DE of that Schedule in a case where paragraph 10Z7DG(5) of that Schedule applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-4-3-b-iv"><num>(iv)</num><content><p><mod>in paragraph (f), after “10I(1)” insert <quotedText>“or 10Z7CD(1)”</quotedText>.</mod></p></content></level></level></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-44" class="schProv1"><num>44</num><content><p><mod>In section 195R (release of property), after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6)</num><intro><p>If a cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, the appropriate officer may—</p></intro><level class="para1"><num>(a)</num><content><p>retain the item and deal with it as they see fit,</p></content></level><level class="para1"><num>(b)</num><content><p>dispose of the item, or</p></content></level><level class="para1"><num>(c)</num><content><p>destroy the item.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The powers in subsection (6) may be exercised only—</p></intro><level class="para1"><num>(a)</num><intro><p>where the appropriate officer has taken reasonable steps to notify—</p></intro><level class="para2"><num>(i)</num><content><p>the person from whom the item was seized, and</p></content></level><level class="para2"><num>(ii)</num><content><p>any other persons who the appropriate officer has reasonable grounds to believe have an interest in the item,</p></content></level><wrapUp><p>that the item has been released, and</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>with the approval of a senior officer.</p></content></level></subsection><subsection><num>(8)</num><content><p>“Senior officer” in subsection (7)(b) has the meaning given in section 195G(3).</p></content></subsection><subsection><num>(9)</num><content><p>Any proceeds of a disposal of the item are to be paid into the Consolidated Fund.</p></content></subsection></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-9-paragraph-5" class="schProv1"><num>5</num><subparagraph eId="schedule-9-paragraph-5-1"><num>(1)</num><content><p>Part 4 of the Proceeds of Crime Act 2002 (confiscation: Northern Ireland) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-5-2"><num>(2)</num><intro><p>In section 157 (recoverable amount)—</p></intro><level class="para1" eId="schedule-9-paragraph-5-2-a"><num>(a)</num><content><p><mod>in subsection (4)(c), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-5-2-b"><num>(b)</num><content><p><mod>in subsection (4)(d), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-5-3"><num>(3)</num><intro><p>In section 230 (free property)—</p></intro><level class="para1" eId="schedule-9-paragraph-5-3-a"><num>(a)</num><intro><p>in subsection (2)—</p></intro><level class="para2" eId="schedule-9-paragraph-5-3-a-i"><num>(i)</num><content><p><mod>in paragraph (ea), for “or 10Z2(3)” substitute <quotedText>“, 10Z2(3), 10Z7AG(1), 10Z7BB(2), 10Z7CA(3), 10Z7CE(3) or 10Z7DG(3)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-5-3-a-ii"><num>(ii)</num><content><p><mod>in paragraph (f), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z32(1), 303Z37(2), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level></level><level class="para1" eId="schedule-9-paragraph-5-3-b"><num>(b)</num><intro><p>in subsection (3)—</p></intro><level class="para2" eId="schedule-9-paragraph-5-3-b-i"><num>(i)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>it is detained under section 303Z30, 303Z31 or 303Z32 in a case where section 303Z42(2) applies;</p></content></level><level class="para1"><num>(bb)</num><content><p>it is detained under section 303Z57 or 303Z58 in a case where section 303Z60(6) applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-5-3-b-ii"><num>(ii)</num><content><p><mod>in paragraph (c), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-5-3-b-iii"><num>(iii)</num><content><p><mod>after paragraph (e) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ea)</num><content><p>it is detained under paragraph 10Z7AE, 10Z7AF or 10Z7AG of that Schedule in a case where paragraph 10Z7CB(2) of that Schedule applies;</p></content></level><level class="para1"><num>(eb)</num><content><p>it is detained under paragraph 10Z7DD or 10Z7DE of that Schedule in a case where paragraph 10Z7DG(5) of that Schedule applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-5-3-b-iv"><num>(iv)</num><content><p><mod>in paragraph (f), after “10I(1)” insert <quotedText>“or 10Z7CD(1)”</quotedText>.</mod></p></content></level></level></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-9-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="schedule-9-paragraph-6-1"><num>(1)</num><content><p>Part 5 of the Proceeds of Crime Act 2002 (civil recovery of the proceeds etc of unlawful conduct) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-6-2"><num>(2)</num><intro><p>In section 278 (limit on recovery)—</p></intro><level class="para1" eId="schedule-9-paragraph-6-2-a"><num>(a)</num><content><p><mod>in subsection (7)(a), for “or 303Z14” substitute <quotedText>“, 303Z14, 303Z41, 303Z45 or 303Z60”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-6-2-b"><num>(b)</num><content><p><mod>after subsection (7A) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7B)</num><intro><p>If—</p></intro><level class="para1"><num>(a)</num><content><p>an order is made under section 303Z44 instead of an order being made under section 303Z41 for the forfeiture of recoverable property, and</p></content></level><level class="para1"><num>(b)</num><content><p>the enforcement authority subsequently seeks a recovery order in respect of related property,</p></content></level><wrapUp><p>the order under section 303Z44 is to be treated for the purposes of this section as if it were a recovery order obtained by the enforcement authority in respect of the property that was the forfeitable property in relation to the order under section 303Z44.</p></wrapUp></subsection></quotedStructure></mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-6-3"><num>(3)</num><intro><p>In section 290 (prior approval - cash), in subsection (6A)—</p></intro><level class="para1" eId="schedule-9-paragraph-6-3-a"><num>(a)</num><content><p><mod>after “section 303J” insert <quotedText>“, <ref href="#d28e42350">303Z26</ref> or <ref href="#d28e42699">303Z29</ref>”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-6-3-b"><num>(b)</num><content><p><mod>after “section 303K(5)” insert <quotedText>“, <ref href="#d28e42440">303Z27</ref><ref href="#d28e42467">(3)</ref> or (as the case may be) <ref href="#d28e42775">303Z31</ref><ref href="#d28e42802">(3)</ref>”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-6-4"><num>(4)</num><intro><p>In section 303E (prior approval - listed assets), in subsection (7)—</p></intro><level class="para1" eId="schedule-9-paragraph-6-4-a"><num>(a)</num><content><p><mod>after “section 294” insert <quotedText>“or property by virtue of section <ref href="#d28e42350">303Z26</ref> or <ref href="#d28e42699">303Z29</ref>”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-6-4-b"><num>(b)</num><content><p><mod>after “cash”, in the second place it occurs, insert <quotedText>“or property”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-6-4-c"><num>(c)</num><content><p><mod>after “section 295(1B)” insert <quotedText>“, <ref href="#d28e42440">303Z27</ref><ref href="#d28e42467">(3)</ref> or (as the case may be) <ref href="#d28e42775">303Z31</ref><ref href="#d28e42802">(3)</ref>”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-6-5"><num>(5)</num><content><p><mod>Before section 303Z18 (but after the italic heading “Supplementary”) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>303Z17A</num><heading>Victims and other owners</heading><subsection eId="d28e48626"><num>(1)</num><content><p>A person who claims that money in respect of which an account freezing order has effect belongs to them may apply for the money to be released.</p></content></subsection><subsection><num>(2)</num><intro><p>An application under subsection <ref href="#d28e48626">(1)</ref> is to be made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, to the sheriff.</p></content></level></subsection><subsection><num>(3)</num><content><p>The application may be made in the course of proceedings under section 303Z3 or 303Z14 or at any other time.</p></content></subsection><subsection><num>(4)</num><intro><p>The court or sheriff may, subject to subsection (8), order the money to which the application relates to be released to the applicant if it appears to the court or sheriff that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the money to which the application relates, or of property which it represents, by unlawful conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the money the applicant was deprived of was not, immediately before the applicant was deprived of it, recoverable property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the money belongs to the applicant.</p></content></level></subsection><subsection eId="d28e48683"><num>(5)</num><content><p>If subsection <ref href="#d28e48692">(6)</ref> applies, the court or sheriff may, subject to subsection (8), order the money to which the application relates to be released to the applicant.</p></content></subsection><subsection eId="d28e48692"><num>(6)</num><intro><p>This subsection applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the money to which the application relates was seized,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the court or sheriff that the money belongs to the applicant,</p></content></level><level class="para1"><num>(c)</num><content><p>the court or sheriff is satisfied that the release condition is met in relation to the money, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under subsection <ref href="#d28e48683">(5)</ref> has been made by the person from whom the money was seized.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to money held in a frozen account, if the conditions for making an order under section 303Z3 in relation to the money are no longer met, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to money held in a frozen account which is subject to an application for forfeiture under section 303Z14, if the court or sheriff decides not to make an order under that section in relation to the money.</p></content></level></subsection><subsection><num>(8)</num><intro><p>Money is not to be released under this section—</p></intro><level class="para1"><num>(a)</num><content><p>if an account forfeiture notice under section 303Z9 is given in respect of the money, until any proceedings in pursuance of the notice (including any proceedings on appeal) are concluded;</p></content></level><level class="para1"><num>(b)</num><content><p>if an application for its forfeiture under section 303Z14 is made, until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.</p></content></level></subsection><subsection><num>(9)</num><content><p>In relation to money held in an account that is subject to an account freezing order, references in this section to a person from whom money was seized include a reference to a person by or for whom the account was operated immediately before the account freezing order was made.</p></content></subsection></section></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-6-6"><num>(6)</num><content><p><mod>After section 311 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Chapters 3C to 3F: supplementary</heading><section><num>311A</num><heading>Financial investigators</heading><subsection><num>(1)</num><intro><p>This section applies where an accredited financial investigator of a particular description—</p></intro><level class="para1"><num>(a)</num><content><p>applies for an order under section 303Z28, 303Z32, 303Z57 or 303Z58 (further detention of cryptoassets etc),</p></content></level><level class="para1"><num>(b)</num><content><p>applies for forfeiture under section 303Z41 or 303Z60 (forfeiture of cryptoassets etc), or</p></content></level><level class="para1"><num>(c)</num><content><p>brings an appeal under, or relating to, Chapter 3E or 3F (cryptoassets etc).</p></content></level></subsection><subsection><num>(2)</num><content><p>Any subsequent step in the application or appeal, or any further application or appeal relating to the same matter, may be taken, made or brought by a different accredited financial investigator of the same description.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-6-7"><num>(7)</num><intro><p>In section 312(2) (performance of functions by Scottish Ministers)—</p></intro><level class="para1" eId="schedule-9-paragraph-6-7-a"><num>(a)</num><content><p><mod>in paragraph (c), for “271(3) and (4)” substitute <quotedText>“271”</quotedText>, and</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-6-7-b"><num>(b)</num><content><p><mod>after paragraph (p) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(q)</num><content><p>section <ref href="#d28e41664">303Z20</ref><ref href="#d28e41730">(3)</ref> (cryptoassets);</p></content></level><level class="para1"><num>(r)</num><content><p>section <ref href="#d28e42289">303Z25</ref> (codes of practice);</p></content></level><level class="para1"><num>(s)</num><content><p>section 303Z28(5)(b) (further detention of seized cryptoasset-related items);</p></content></level><level class="para1"><num>(t)</num><content><p>section 303Z32(5)(b) (further detention of seized cryptoassets);</p></content></level><level class="para1"><num>(u)</num><content><p>section 303Z34(4) and (5)(b)(i) (release of cryptoassets and cryptoasset-related items);</p></content></level><level class="para1"><num>(v)</num><content><p>section <ref href="#d28e43247">303Z35</ref><ref href="#d28e43364">(5)</ref> (crypto wallets);</p></content></level><level class="para1"><num>(w)</num><content><p>section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43937">(2)(b)</ref> (forfeiture of cryptoassets);</p></content></level><level class="para1"><num>(x)</num><content><p>section <ref href="#d28e44140">303Z42</ref><ref href="#d28e44284">(10)</ref> (forfeiture of cryptoassets: supplementary);</p></content></level><level class="para1"><num>(y)</num><content><p>section 303Z44 (agreements about associated and joint property);</p></content></level><level class="para1"><num>(z)</num><content><p>section 303Z45(10) (associated and joint property: default of agreement);</p></content></level><level class="para1"><num>z1</num><content><p>section 303Z46(2) (continuation of crypto wallet freezing order pending appeal);</p></content></level><level class="para1"><num>z2</num><content><p>section 303Z47(1) (sections 303Z41 to 303Z45: appeals);</p></content></level><level class="para1"><num>z3</num><content><p>section <ref href="#d28e46618">303Z57</ref><ref href="#d28e46727">(7)(b)</ref> (detained cryptoassets: detention of proceeds of conversion);</p></content></level><level class="para1"><num>z4</num><content><p>section <ref href="#d28e46805">303Z58</ref><ref href="#d28e46893">(6)(b)</ref> (frozen crypto wallets: detention of proceeds of conversion);</p></content></level><level class="para1"><num>z5</num><content><p>section <ref href="#d28e47107">303Z60</ref><ref href="#d28e47123">(2)</ref> (forfeiture of converted cryptoassets);</p></content></level><level class="para1"><num>z6</num><content><p>section 303Z61(1) (appeal against decision under section 303Z60).</p></content></level></quotedStructure></mod></p></content></level></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-9-paragraph-7" class="schProv1"><num>7</num><intro><p>In section 316(1) (general interpretation)—</p></intro><level class="para1" eId="schedule-9-paragraph-7-a"><num>(a)</num><content><p><mod>in the definition of “the court”, for “and 3B” substitute <quotedText>“, 3B, 3C, 3D, 3E and 3F”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-7-b"><num>(b)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet">crypto wallet</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-justice-of-the-peace">justice of the peace</term>”, in relation to Northern Ireland, means lay magistrate;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-9-paragraph-7-a"><num>(a)</num><content><p><mod>in the definition of “the court”, for “and 3B” substitute <quotedText>“, 3B, 3C, 3D, 3E and 3F”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-9-paragraph-7-b"><num>(b)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet">crypto wallet</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-justice-of-the-peace">justice of the peace</term>”, in relation to Northern Ireland, means lay magistrate;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-9-paragraph-8" class="schProv1"><num>8</num><subparagraph eId="schedule-9-paragraph-8-1"><num>(1)</num><content><p>Part 8 of the Proceeds of Crime Act 2002 (investigations) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-2"><num>(2)</num><content><p><mod>In section 341 (investigations), after subsection (3C) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3D)</num><intro><p>For the purposes of this Part a cryptoasset investigation is an investigation for the purposes of Chapter 3C, 3D, 3E or 3F of Part 5 and includes investigation into—</p></intro><level class="para1"><num>(a)</num><content><p>the derivation of cryptoassets detained under Chapter 3C (including where the cryptoassets have been converted into money in accordance with Chapter 3F),</p></content></level><level class="para1"><num>(b)</num><content><p>whether cryptoassets or converted cryptoassets detained under Chapter 3C or 3F are intended by any person to be used in unlawful conduct,</p></content></level><level class="para1"><num>(c)</num><content><p>the derivation of cryptoassets held in a crypto wallet in relation to which a crypto wallet freezing order made under section <ref href="#d28e43582">303Z37</ref> has effect (including where the cryptoassets have been converted into money in accordance with Chapter 3F), or</p></content></level><level class="para1"><num>(d)</num><content><p>whether cryptoassets held in such a wallet are intended by any person to be used in unlawful conduct.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-3"><num>(3)</num><content><p><mod>In section 342 (offences of prejudicing investigation), in subsection (1) after “frozen funds investigation” insert <quotedText>“, a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-4"><num>(4)</num><content><p><mod>In section 343 (judges), in subsection (2) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-5"><num>(5)</num><content><p><mod>In section 344 (courts), in paragraph (a) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-6"><num>(6)</num><content><p><mod>In section 345 (production orders), in subsection (2)(b) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-7"><num>(7)</num><content><p><mod>In section 346 (requirements for making of production order), in subsection (2), after paragraph (bf) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bg)</num><content><p>in the case of a cryptoasset investigation into the derivation of cryptoassets, the cryptoassets the application for the order specifies as being subject to the investigation (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are recoverable property;</p></content></level><level class="para1"><num>(bh)</num><content><p>in the case of a cryptoasset investigation into the intended use of cryptoassets, the cryptoassets the application for the order specifies as being subject to the investigation (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are intended by any person to be used in unlawful conduct.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-8"><num>(8)</num><content><p><mod>In section 350 (Government departments), in subsection (5)(a) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-9"><num>(9)</num><content><p><mod>In section 352 (search and seizure warrants), in subsection (2)(b) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-10"><num>(10)</num><content><p><mod>In section 353 (requirements where production order not available), in subsection (2), after paragraph (bf) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bg)</num><content><p>in the case of a cryptoasset investigation into the derivation of cryptoassets, the cryptoassets specfied in the application for the warrant (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are recoverable property;</p></content></level><level class="para1"><num>(bh)</num><content><p>in the case of a cryptoasset investigation into the intended use of cryptoassets, the cryptoassets specified in the application for the warrant (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are intended by any person to be used in unlawful conduct.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-11"><num>(11)</num><intro><p>Section 355 (further provisions) is amended as follows—</p></intro><level class="para1" eId="schedule-9-paragraph-8-11-a"><num>(a)</num><content><p><mod>in the heading, for “and frozen funds” substitute <quotedText>“, frozen funds and cryptoasset”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-11-b"><num>(b)</num><content><p><mod>in subsection (1)(a), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-12"><num>(12)</num><content><p><mod>In section 357 (disclosure orders), in subsection (2) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-13"><num>(13)</num><content><p><mod>In section 363 (customer information orders), in subsection (1A) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-14"><num>(14)</num><content><p><mod>In section 370 (account monitoring orders), in subsection (1A) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-15"><num>(15)</num><intro><p>Section 375A (evidence overseas) is amended as follows—</p></intro><level class="para1" eId="schedule-9-paragraph-8-15-a"><num>(a)</num><content><p><mod>in subsection (1), after “frozen funds investigation” insert <quotedText>“, a cryptoasset investigation”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-15-b"><num>(b)</num><content><p><mod>in subsection (5), after paragraph (bb) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bc)</num><content><p>in relation to an application or request made for the purposes of a cryptoasset investigation, evidence as to a matter described in section 341(3D)(a) to (d);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-16"><num>(16)</num><content><p><mod>In section 375B (evidence overseas: restrictions on use), in subsection (3), after paragraph (bb) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bc)</num><content><p>if the request was made for the purposes of a cryptoasset investigation, proceedings under Chapter 3C, 3D, 3E or 3F of Part 5 of this Act arising out of the investigation;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-17"><num>(17)</num><content><p><mod>In section 378 (officers), after subsection (3F) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3G)</num><intro><p>In relation to a cryptoasset investigation these are appropriate officers—</p></intro><level class="para1"><num>(a)</num><content><p>a constable;</p></content></level><level class="para1"><num>(b)</num><content><p>an SFO officer;</p></content></level><level class="para1"><num>(c)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this paragraph by the Secretary of State or the Welsh Ministers under section 453;</p></content></level><level class="para1"><num>(d)</num><content><p>an officer of Revenue and Customs.</p></content></level></subsection><subsection><num>(3H)</num><intro><p>In relation to a cryptoasset investigation these are senior appropriate officers—</p></intro><level class="para1"><num>(a)</num><content><p>a police officer who is not below the rank of inspector;</p></content></level><level class="para1"><num>(b)</num><content><p>the Director of the Serious Fraud Office;</p></content></level><level class="para1"><num>(c)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this paragraph by the Secretary of State or the Welsh Ministers under section 453;</p></content></level><level class="para1"><num>(d)</num><content><p>an officer of Revenue and Customs who is not below such grade as is designated by the Commissioners for His Majesty’s Revenue and Customs as equivalent to the police rank of inspector.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-18"><num>(18)</num><intro><p>In section 380 (production orders)—</p></intro><level class="para1" eId="schedule-9-paragraph-8-18-a"><num>(a)</num><content><p><mod>in subsection (2), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-18-b"><num>(b)</num><content><p><mod>in subsection (3)(b), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-19"><num>(19)</num><content><p><mod>In section 381 (requirements for making of production order), in subsection (2), after paragraph (bf) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bg)</num><content><p>in the case of a cryptoasset investigation into the derivation of cryptoassets, the cryptoassets the application for the order specifies as being subject to the investigation (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are recoverable property;</p></content></level><level class="para1"><num>(bh)</num><content><p>in the case of a cryptoasset investigation into the intended use of cryptoassets, the cryptoassets the application for the order specifies as being subject to the investigation (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are intended by any person to be used in unlawful conduct.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-20"><num>(20)</num><content><p><mod>In section 385 (Government departments), in subsection (4)(b) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-21"><num>(21)</num><content><p><mod>In section 386 (production orders: supplementary), in subsection (3)(b), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-22"><num>(22)</num><content><p><mod>In section 387 (search warrants), in subsection (3)(b) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-23"><num>(23)</num><content><p><mod>In section 388 (requirements where production order not available), in subsection (2), after paragraph (bf) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bg)</num><content><p>in the case of a cryptoasset investigation into the derivation of cryptoassets, the cryptoassets specfied in the application for the warrant (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are recoverable property;</p></content></level><level class="para1"><num>(bh)</num><content><p>in the case of a cryptoasset investigation into the intended use of cryptoassets, the cryptoassets specified in the application for the warrant (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are intended by any person to be used in unlawful conduct.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-24"><num>(24)</num><intro><p>Section 390 (further provisions) is amended as follows—</p></intro><level class="para1" eId="schedule-9-paragraph-8-24-a"><num>(a)</num><content><p><mod>in the heading, for “and money laundering” substitute <quotedText>“, money laundering and cryptoasset”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-24-b"><num>(b)</num><content><p><mod>in subsection (1), for “or money laundering investigations” substitute <quotedText>“, money laundering investigations or cryptoasset investigations”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-24-c"><num>(c)</num><content><p><mod>in subsections (5), (6) and (7), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-25"><num>(25)</num><content><p><mod>In section 391 (disclosure orders), in subsection (2) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-26"><num>(26)</num><content><p><mod>In section 397 (customer information orders), in subsection (1A) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-27"><num>(27)</num><content><p><mod>In section 404 (account monitoring orders), in subsection (1A) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-28"><num>(28)</num><intro><p>Section 408A (evidence overseas) is amended as follows—</p></intro><level class="para1" eId="schedule-9-paragraph-8-28-a"><num>(a)</num><content><p><mod>in subsection (1), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-28-b"><num>(b)</num><content><p><mod>in subsection (5), after paragraph (d) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>in relation to an application or request made for the purposes of a cryptoasset investigation, evidence as to a matter described in section 341(3D)(a) to (d);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-29"><num>(29)</num><content><p><mod>In section 408B (evidence overseas: restrictions on use) in subsection (3), after paragraph (d) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>if the request was made for the purposes of a cryptoasset investigation, proceedings under Chapter 3C, 3D, 3E or 3F of Part 5 of this Act arising out of the investigation;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-30"><num>(30)</num><intro><p>In section 412 (interpretation)—</p></intro><level class="para1" eId="schedule-9-paragraph-8-30-a"><num>(a)</num><content><p><mod>in the definition of “appropriate person”, in paragraph (b), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-30-b"><num>(b)</num><content><p><mod>in the definition of “proper person”, in paragraph (b), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-31"><num>(31)</num><content><p><mod>In section 416 (other interpretative provisions), in subsection (1), after the entry for “confiscation investigation” insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>cryptoasset investigation: section 341(3D)</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-9-paragraph-9" class="schProv1"><num>9</num><content><p><mod>In section 438 of the Proceeds of Crime Act 2002 (disclosure of information by certain authorities), in subsection (1)(f), for “or 3B” substitute <quotedText>“, 3B, 3C, 3D, 3E or 3F”</quotedText>.</mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-9-paragraph-10" class="schProv1"><num>10</num><intro><p>In section 441 of the Proceeds of Crime Act 2002 (disclosure of information by Lord Advocate and by Scottish Ministers)—</p></intro><level class="para1" eId="schedule-9-paragraph-10-a"><num>(a)</num><content><p><mod>in subsection (1), for “or 3A” substitute <quotedText>“, 3A, 3C or 3F”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-10-b"><num>(b)</num><content><p><mod>in subsection (2)(g), for “or 3B” substitute <quotedText>“, 3B, 3C, 3D, 3E or 3F”</quotedText>.</mod></p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-9-paragraph-10-a"><num>(a)</num><content><p><mod>in subsection (1), for “or 3A” substitute <quotedText>“, 3A, 3C or 3F”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-9-paragraph-10-b"><num>(b)</num><content><p><mod>in subsection (2)(g), for “or 3B” substitute <quotedText>“, 3B, 3C, 3D, 3E or 3F”</quotedText>.</mod></p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-9-paragraph-11" class="schProv1"><num>11</num><content><p><mod>In section 450 of the Proceeds of Crime Act 2002 (pseudonyms: Scotland), in subsection (1)(a), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-9-paragraph-12" class="schProv1"><num>12</num><content><p><mod>In section 453A of the Proceeds of Crime Act 2002 (certain offences in relation to financial investigators), in subsection (5), at the end of paragraph (dc) (before the “or”) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(dd)</num><content><p>section 303Z21 (powers to search for cryptoasset-related items);</p></content></level><level class="para1"><num>(de)</num><content><p>section 303Z26 (powers to seize cryptoasset-related items);</p></content></level><level class="para1"><num>(df)</num><content><p>section 303Z27 (powers to detain cryptoasset-related items);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-9-paragraph-13" class="schProv1"><num>13</num><content><p><mod>In section 453B of the Proceeds of Crime Act 2002 (certain offences in relation to SFO officers), in subsection (5), after paragraph (g) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ga)</num><content><p>section 303Z21 (powers to search for cryptoasset-related items);</p></content></level><level class="para1"><num>(gb)</num><content><p>section 303Z26 (powers to seize cryptoasset-related items);</p></content></level><level class="para1"><num>(gc)</num><content><p>section 303Z27 (powers to detain cryptoasset-related items);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-9-paragraph-14" class="schProv1"><num>14</num><content><p><mod>In section 453C of the Proceeds of Crime Act 2002 (obstruction offence in relation to immigration officers), in subsection (3), after paragraph (g) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ga)</num><content><p>section 303Z21 (powers to search for cryptoasset-related items) as applied by section 24 of the UK Borders Act 2007 (exercise of civil recovery powers by immigration officers);</p></content></level><level class="para1"><num>(gb)</num><content><p>section 303Z26 as so applied (powers to seize cryptoasset-related items);</p></content></level><level class="para1"><num>(gc)</num><content><p>section 303Z27 as so applied (powers to detain cryptoasset-related items);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-9-paragraph-15" class="schProv1"><num>15</num><subparagraph eId="schedule-9-paragraph-15-1"><num>(1)</num><content><p>Section 459 of the Proceeds of Crime Act 2002 (orders and regulations) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-15-2"><num>(2)</num><content><p><mod>In subsection (4)(aza) (exceptions to negative procedure), for “or 303Z18(10)” substitute <quotedText>“, 303Z18(10), <ref href="#d28e41664">303Z20</ref><ref href="#d28e41724">(2)</ref>, <ref href="#d28e43247">303Z35</ref><ref href="#d28e43358">(4)</ref>, <ref href="#d28e44140">303Z42</ref><ref href="#d28e44242">(7)</ref>, <ref href="#d28e45778">303Z52</ref><ref href="#d28e45928">(10)</ref> or <ref href="#d28e47614">303Z64</ref><ref href="#d28e47792">(10)</ref>”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-15-3"><num>(3)</num><content><p><mod>In subsection (6ZB) (application of affirmative procedure), for “or 303Z18(10)” substitute <quotedText>“, 303Z18(10), <ref href="#d28e41664">303Z20</ref><ref href="#d28e41724">(2)</ref>, <ref href="#d28e43247">303Z35</ref><ref href="#d28e43358">(4)</ref>, <ref href="#d28e44140">303Z42</ref><ref href="#d28e44242">(7)</ref>, <ref href="#d28e45778">303Z52</ref><ref href="#d28e45928">(10)</ref> or <ref href="#d28e47614">303Z64</ref><ref href="#d28e47792">(10)</ref>”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-15-4"><num>(4)</num><content><p><mod>In subsection (6A) (hybrid instruments), for “or 303Z18(10)” substitute <quotedText>“, 303Z18(10), <ref href="#d28e45778">303Z52</ref><ref href="#d28e45928">(10)</ref> or <ref href="#d28e47614">303Z64</ref><ref href="#d28e47792">(10)</ref>”</quotedText>.</mod></p></content></subparagraph></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(b)</num><content><p>constitutes an attempt or conspiracy to commit a listed offence,</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-8-paragraph-19" class="schProv1"><num>19</num><content><p>Part 3 of the Proceeds of Crime Act 2002 (confiscation: Scotland) is amended as follows.</p></content></paragraph>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-117-6"><num>(6)</num><content><p>Failure by the general partners in a limited partnership to comply with subsection <ref href="#section-117-2">(2)</ref> is, in the absence of any evidence to the contrary, to be treated by the registrar as reasonable cause to believe that the limited partnership has been dissolved for the purposes of section <ref href="#d28e21741">19</ref> of the Limited Partnerships Act 1907 (registrar’s power to confirm dissolution of limited partnership) (inserted by section 141 of this Act).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-117-7"><num>(7)</num><content><p>Where the registrar proposes to rely on a failure by the general partners in the limited partnership to comply with subsection <ref href="#section-117-2">(2)</ref> as grounds for exercising the power in section <ref href="#d28e21741">19</ref> of the Limited Partnerships Act 1907, subsections <ref href="#d28e21751">(2)</ref> to <ref href="#d28e21790">(4)</ref> of that section (publication of warning notice) do not apply.</p></content></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-the-general-partners"><heading>The general partners</heading><section eId="section-118"><num>118</num><heading>Restrictions on general partners</heading><subsection eId="section-118-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-118-2"><num>(2)</num><intro><p>In section 8A (application for registration)—</p></intro><level class="para1" eId="section-118-2-a"><num>(a)</num><content><p><mod>after subsection <ref href="#d28e15992">(1A)</ref> (inserted by section 113 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e16898"><num>(1B)</num><content><p>The application must also contain a statement that none of the proposed general partners is disqualified under the directors disqualification legislation (see subsection (8)).</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-118-2-b"><num>(b)</num><content><p><mod>in subsection (8), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“disqualified under the directors disqualification legislation”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to a statement about a person delivered to the registrar for England and Wales or Scotland, means that the person falls within any of the entries in the first column of Part 1 of the table in section 159A of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to a statement about a person delivered to the registrar for Northern Ireland, means that the person falls within any of the entries in the first column of Part 2 of that table;</p></content></level></hcontainer></quotedStructure></mod></p></content></level></subsection><subsection eId="section-118-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e16700">8I</ref> (inserted by section 116 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Duty to remove disqualified general partners</heading><section eId="d28e16943"><num>8J</num><heading>Duty to remove disqualified general partners</heading><subsection eId="d28e16947"><num>(1)</num><content><p>The general partners in a limited partnership must take any steps that are necessary to ensure that any general partner in the limited partnership who is disqualified under the directors disqualification legislation (see subsection <ref href="#section-118-3">(3)</ref>) ceases to be a general partner.</p></content></subsection><subsection eId="d28e16956"><num>(2)</num><intro><p>Examples of the types of steps that the general partners might need to take include—</p></intro><level class="para1"><num>(a)</num><content><p>enforcing any express or implied agreement between the partners;</p></content></level><level class="para1"><num>(b)</num><content><p>giving any notice, making any application or otherwise acting to dissolve the limited partnership.</p></content></level></subsection><subsection><num>(3)</num><intro><p>A general partner in a limited partnership is “disqualified under the directors disqualification legislation” if—</p></intro><level class="para1"><num>(a)</num><content><p>where the limited partnership is registered in England and Wales or Scotland, the general partner falls within any of the entries in the first column of Part 1 of the table in section 159A of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><content><p>where the limited partnership is registered in Northern Ireland, the general partner falls within any of the entries in the first column of Part 2 of that table.</p></content></level></subsection><subsection><num>(4)</num><content><p>Subsection <ref href="#d28e16947">(1)</ref> applies irrespective of whether the general partner concerned became disqualified under the directors disqualification legislation before or after this section comes into force.</p></content></subsection><subsection><num>(5)</num><content><p>If the general partners fail to comply with this section an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(6)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(7)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(8)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(9)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section><section eId="section-119"><num>119</num><heading>Officers of general partners</heading><subsection eId="section-119-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-119-2"><num>(2)</num><content><p><mod>In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-corporate-managing-officer">corporate managing officer</term>” means a managing officer that is a legal entity;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-119-3"><num>(3)</num><content><p><mod>In section 8A (application for registration), after subsection <ref href="#d28e16898">(1B)</ref> (inserted by section 118 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e17099"><num>(1C)</num><intro><p>The application must be accompanied by a statement by each proposed general partner that is a legal entity (if any) specifying the name of its proposed registered officer, who must be an individual—</p></intro><level class="para1"><num>(a)</num><content><p>who is one of the general partner’s managing officers,</p></content></level><level class="para1"><num>(b)</num><content><p>who is not disqualified under the directors disqualification legislation (see subsection (8)), and</p></content></level><level class="para1"><num>(c)</num><content><p>whose identity is verified (within the meaning of section 1110A of the Companies Act 2006).</p></content></level></subsection><subsection eId="d28e17123"><num>(1D)</num><intro><p>The application must also be accompanied by one of the following statements by each proposed general partner that is a legal entity (if any)—</p></intro><level class="para1"><num>(a)</num><content><p>a statement that the general partner does not have any corporate managing officers, or</p></content></level><level class="para1" eId="d28e17135"><num>(b)</num><content><p>if the general partner has one or more corporate managing officers, a statement specifying, for each corporate managing officer, the name of the proposed named contact for the corporate managing officer.</p></content></level></subsection><subsection><num>(1E)</num><content><p>The proposed named contact for a corporate managing officer must be an individual who is a managing officer of the corporate managing officer.</p></content></subsection><subsection eId="d28e17147"><num>(1F)</num><intro><p>A statement under subsection <ref href="#d28e17099">(1C)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>contain the required information about the proposed registered officer (see Part 3 of the Schedule), and</p></content></level><level class="para1"><num>(b)</num><intro><p>be accompanied by a statement by the individual who is the proposed registered officer confirming that the individual—</p></intro><level class="para2"><num>(i)</num><content><p>is one of the general partner’s managing officers,</p></content></level><level class="para2"><num>(ii)</num><content><p>is not disqualified under the directors disqualification legislation (see subsection (8)), and</p></content></level><level class="para2"><num>(iii)</num><content><p>is an individual whose identity is verified (within the meaning of section 1110A of the Companies Act 2006).</p></content></level></level></subsection><subsection eId="d28e17186"><num>(1G)</num><intro><p>A statement under subsection <ref href="#d28e17135">(1D)(b)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>contain the required information about each proposed named contact specified in the statement (see Part <ref href="#d28e36448">4</ref> of the Schedule), and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by each proposed named contact confirming that the proposed named contact is a managing officer of the corporate managing officer concerned.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-119-4"><num>(4)</num><content><p><mod>After section <ref href="#d28e16943">8J</ref> (inserted by section 118 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Officers of general partners</heading><section eId="d28e17226"><num>8K</num><heading>Duty to maintain registered officer and named contacts</heading><subsection eId="d28e17230"><num>(1)</num><intro><p>A general partner that is a legal entity must at all times ensure that its registered officer is an individual—</p></intro><level class="para1" eId="d28e17236"><num>(a)</num><content><p>who is one of its managing officers,</p></content></level><level class="para1" eId="d28e17242"><num>(b)</num><content><p>who is not disqualified under the directors disqualification legislation (see subsection <ref href="#section-119-2">(2)</ref>), and</p></content></level><level class="para1" eId="d28e17251"><num>(c)</num><content><p>whose identity is verified (within the meaning of section 1110A of the Companies Act 2006).</p></content></level></subsection><subsection eId="d28e17257"><num>(2)</num><intro><p>The registered officer of a general partner in a limited partnership is “disqualified under the directors disqualification legislation” if—</p></intro><level class="para1"><num>(a)</num><content><p>where the limited partnership is registered in England and Wales or Scotland, the registered officer falls within any of the entries in the first column of Part 1 of the table in section 159A of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><content><p>where the limited partnership is registered in Northern Ireland, the registered officer falls within any of the entries in the first column of Part 2 of that table.</p></content></level></subsection><subsection eId="d28e17275"><num>(3)</num><content><p>A general partner that is a legal entity and that has one or more corporate managing officers must at all times ensure that the named contact for each corporate managing officer is an individual who is a managing officer of the corporate managing officer.</p></content></subsection><subsection eId="d28e17281"><num>(4)</num><intro><p>In this section “<term refersTo="#term-registered-officer">registered officer</term>”, in relation to a general partner that is a legal entity, means—</p></intro><level class="para1"><num>(a)</num><intro><p>the individual whose name is specified by the general partner in—</p></intro><level class="para2"><num>(i)</num><content><p>a statement delivered to the registrar under section 8A<ref href="#d28e17099">(1C)</ref> or 8R(4), or</p></content></level><level class="para2"><num>(ii)</num><content><p>a statement delivered to the registrar under section 120<ref href="#section-120-2-a">(2)(a)</ref> or 124<ref href="#section-124-2-a">(2)(a)</ref> of the Economic Crime and Corporate Transparency Act 2023 (transitional cases),</p></content></level><wrapUp><p>unless the general partner has changed its registered officer under section <ref href="#d28e17421">8L</ref><ref href="#d28e17425">(1)</ref>, or</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>if the general partner has changed its registered officer under section <ref href="#d28e17421">8L</ref><ref href="#d28e17425">(1)</ref>, the individual specified in the latest notice under that provision.</p></content></level></subsection><subsection eId="d28e17335"><num>(5)</num><intro><p>In this section “<term refersTo="#term-named-contact">named contact</term>”, in relation to the corporate managing officer of a general partner, means—</p></intro><level class="para1"><num>(a)</num><intro><p>the individual whose name is specified by the general partner for that corporate managing officer in—</p></intro><level class="para2"><num>(i)</num><content><p>a statement delivered to the registrar under section 8A<ref href="#d28e17135">(1D)(b)</ref>, 8R(5)(b) or <ref href="#d28e17567">8N</ref><ref href="#d28e17595">(3)</ref>, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a statement delivered to the registrar under section 120<ref href="#section-120-2-b-ii">(2)(b)(ii)</ref> or 124<ref href="#section-124-2-b-ii">(2)(b)(ii)</ref> of the Economic Crime and Corporate Transparency Act 2023 (transitional cases),</p></content></level><wrapUp><p>unless the general partner has changed the named contact for that corporate managing officer under section <ref href="#d28e17421">8L</ref><ref href="#d28e17436">(2)</ref>, or</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>if the general partner has changed the named contact for that corporate managing officer under section <ref href="#d28e17421">8L</ref><ref href="#d28e17436">(2)</ref>, the individual specified in the latest notice under that provision.</p></content></level></subsection><subsection><num>(6)</num><content><p>If a general partner’s registered officer ceases to fall within the description mentioned in subsection <ref href="#d28e17236">(1)(a)</ref> or <ref href="#d28e17242">(b)</ref>, the general partner does not fail to comply with subsection <ref href="#d28e17230">(1)</ref> by reason of that fact during the period of 14 days beginning with the day on which the registered officer so ceases.</p></content></subsection><subsection><num>(7)</num><content><p>If the named contact for a general partner’s corporate managing officer ceases to be a managing officer of the corporate managing officer, the general partner does not fail to comply with subsection <ref href="#d28e17275">(3)</ref> by reason of that fact during the period of 14 days beginning with the day on which the named contact so ceases.</p></content></subsection></section><section eId="d28e17421"><num>8L</num><heading>Change of registered officers and named contacts by general partner</heading><subsection eId="d28e17425"><num>(1)</num><content><p>A general partner may change its registered officer for the purposes of section <ref href="#d28e17226">8K</ref><ref href="#d28e17230">(1)</ref> by giving notice to the registrar containing the required information about the new registered officer (see Part 3 of the Schedule).</p></content></subsection><subsection eId="d28e17436"><num>(2)</num><content><p>A general partner may change the named contact for a corporate managing officer of the general partner for the purposes of section <ref href="#d28e17226">8K</ref><ref href="#d28e17275">(3)</ref> by giving notice to the registrar containing the required information about the new named contact (see Part <ref href="#d28e36448">4</ref> of the Schedule).</p></content></subsection><subsection><num>(3)</num><intro><p>A notice under subsection <ref href="#d28e17425">(1)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>include a statement by the general partner confirming that the new registered officer is an individual who meets the requirements in section 8K(1)(a) to (c), and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by the individual who is the new registered officer confirming that the individual meets the requirements in section 8K(1)(a) to (c).</p></content></level></subsection><subsection><num>(4)</num><intro><p>A notice under subsection <ref href="#d28e17436">(2)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>include a statement by the general partner that the new named contact for the corporate managing officer is a managing officer of the corporate managing officer, and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by the individual who is the new named contact confirming that the individual is an managing officer of the corporate managing officer.</p></content></level></subsection></section><section eId="d28e17495"><num>8M</num><heading>Duty to notify changes in general partner’s registered officer</heading><subsection eId="d28e17499"><num>(1)</num><content><p>A general partner that is a legal entity must give notice to the registrar of any change in the required information about its registered officer (see Part <ref href="#d28e36373">3</ref> of the Schedule).</p></content></subsection><subsection eId="d28e17508"><num>(2)</num><intro><p>A general partner that is a legal entity must give notice to the registrar of any change in the required information about its proposed registered officer that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for registration of the limited partnership in which the entity is a general partner was delivered to the registrar under section 8A, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the limited partnership was registered.</p></content></level></subsection><subsection eId="d28e17526"><num>(3)</num><content><p>A notice under this section must specify the date on which the change to which it relates occurred.</p></content></subsection><subsection><num>(4)</num><content><p>A notice under subsection <ref href="#d28e17499">(1)</ref> must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under subsection <ref href="#d28e17508">(2)</ref> must be given within the period of 14 days beginning with the day on which the limited partnership was registered.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-registered-officer">registered officer</term>” has the meaning given by section <ref href="#d28e17226">8K</ref><ref href="#d28e17281">(4)</ref>.</p></content></subsection></section><section eId="d28e17567"><num>8N</num><heading>Duty to notify named contact</heading><subsection eId="d28e17571"><num>(1)</num><content><p>A general partner that is a legal entity must give notice to the registrar if a legal entity becomes a corporate managing officer of the general partner.</p></content></subsection><subsection><num>(2)</num><intro><p>A general partner that is a legal entity must give notice to the registrar if a legal entity became a corporate managing officer of the general partner—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for registration of the limited partnership in which the entity is a general partner was delivered to the registrar under section 8A, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the limited partnership was registered.</p></content></level></subsection><subsection eId="d28e17595"><num>(3)</num><content><p>A notice under this section must include a statement specifying the name of the proposed named contact for the corporate managing officer.</p></content></subsection><subsection><num>(4)</num><content><p>The proposed named contact for a corporate managing officer must be an individual who is a managing officer of the corporate managing officer.</p></content></subsection><subsection><num>(5)</num><intro><p>The statement must—</p></intro><level class="para1"><num>(a)</num><content><p>contain the required information about the proposed named contact specified in the statement (see Part 4 of the Schedule), and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by the proposed named contact confirming that the proposed named contact is a managing officer of the corporate managing officer.</p></content></level></subsection><subsection><num>(6)</num><content><p>A notice under subsection <ref href="#d28e17571">(1)</ref> must be given within the period of 14 days beginning with the day on which the legal entity becomes a corporate managing officer of the general partner.</p></content></subsection><subsection><num>(7)</num><content><p>A notice under subsection <ref href="#d28e17508">(2)</ref> must be given within the period of 14 days beginning with the day on which the limited partnership was registered.</p></content></subsection></section><section eId="d28e17646"><num>8O</num><heading>Duty to notify changes in named contacts</heading><subsection><num>(1)</num><content><p>This section applies where a general partner that is a legal entity has one or more corporate managing officers.</p></content></subsection><subsection><num>(2)</num><content><p>The general partner must give notice to the registrar of any change in the required information about the named contact for any corporate managing officer (see Part 4 of the Schedule).</p></content></subsection><subsection><num>(3)</num><intro><p>The general partner must give notice to the registrar of any change in the required information about the proposed named contact for any corporate managing officer that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for registration of the limited partnership in which the entity is a general partner was delivered to the registrar under section 8A, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the limited partnership was registered.</p></content></level></subsection><subsection><num>(4)</num><content><p>A notice under this section must specify the date on which the change to which it relates occurred.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under subsection <ref href="#d28e17508">(2)</ref> must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection><subsection><num>(6)</num><content><p>A notice under subsection <ref href="#d28e17526">(3)</ref> must be given within the period of 14 days beginning with the day on which the limited partnership was registered.</p></content></subsection><subsection><num>(7)</num><content><p>In this section “<term refersTo="#term-named-contact">named contact</term>” has the meaning given by section <ref href="#d28e17226">8K</ref><ref href="#d28e17335">(5)</ref>.</p></content></subsection></section><section><num>8P</num><heading>Failure to comply with obligations relating to officers</heading><subsection><num>(1)</num><intro><p>If a general partner fails to comply with section <ref href="#d28e17226">8K</ref>, <ref href="#d28e17495">8M</ref>, <ref href="#d28e17567">8N</ref> or <ref href="#d28e17646">8O</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the general partner, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the general partner is a legal entity, any of its managing officers who is in default.</p></content></level></subsection><subsection><num>(2)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(3)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e17782"><num>(4)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(5)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e17782">(4)</ref>).</p></content></subsection></section><section><num>8Q</num><heading>Regulations about change of registered officer’s address by registrar</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to change a registered service address of a registered officer of a general partner if satisfied that the address does not meet the requirements of section 1141(1) and (2) of the Companies Act 2006.</p></content></subsection><subsection><num>(2)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-officer">registered officer</term>” has the meaning given by section 8K<ref href="#d28e17281">(4)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-service-address">registered service address</term>”, in relation to a registered officer, means the address for the time being shown in the register as the registered officer’s current service address.</p></content></hcontainer></subsection><subsection><num>(3)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection><subsection><num>(4)</num><intro><p>The regulations—</p></intro><level class="para1"><num>(a)</num><content><p>may include provision corresponding or similar to any provision that may be included in regulations under section 1097B of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><intro><p>must include—</p></intro><level class="para2"><num>(i)</num><content><p>provision about appeals corresponding to the provision that must be included in regulations under section 1097B by virtue of subsections (7) and (8) of that section;</p></content></level><level class="para2"><num>(ii)</num><content><p>provision corresponding to subsection (9) of that section.</p></content></level></level></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section><section eId="section-120"><num>120</num><heading>Officers of general partners: transitional provision</heading><subsection eId="section-120-1"><num>(1)</num><content><p>This section applies in relation to a limited partnership that was registered under the Limited Partnerships Act 1907 in pursuance of an application for registration delivered to the registrar before section 119(3) came fully into force.</p></content></subsection><subsection eId="section-120-2"><num>(2)</num><intro><p>Each general partner that is a legal entity and became a general partner in the limited partnership on its registration must, within the transitional period, deliver to the registrar—</p></intro><level class="para1" eId="section-120-2-a"><num>(a)</num><content><p>a statement of the kind mentioned in section 8A<ref href="#d28e17099">(1C)</ref> of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8A<ref href="#d28e17147">(1F)</ref> of that Act (both inserted by section 119<ref href="#section-119-3">(3)</ref> of this Act), and</p></content></level><level class="para1" eId="section-120-2-b"><num>(b)</num><intro><p>either—</p></intro><level class="para2" eId="section-120-2-b-i"><num>(i)</num><content><p>a statement that the general partner does not have any corporate managing officers, or</p></content></level><level class="para2" eId="section-120-2-b-ii"><num>(ii)</num><content><p>if the general partner has one or more corporate managing officers, a statement of the kind mentioned in section 8A<ref href="#d28e17135">(1D)(b)</ref> of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8A<ref href="#d28e17186">(1G)</ref> of that Act (both inserted by section 119<ref href="#section-119-3">(3)</ref> of this Act).</p></content></level></level></subsection><subsection eId="section-120-3"><num>(3)</num><intro><p>A general partner mentioned in subsection <ref href="#section-120-2">(2)</ref> is not required by the provisions mentioned in subsection <ref href="#section-120-4">(4)</ref> to give notice to the registrar if a legal entity becomes a corporate managing officer of the general partner before whichever is earlier of—</p></intro><level class="para1" eId="section-120-3-a"><num>(a)</num><content><p>the end of the transitional period, and</p></content></level><level class="para1" eId="section-120-3-b"><num>(b)</num><content><p>the delivery of the statement mentioned in subsection <ref href="#section-120-2-b">(2)(b)</ref>.</p></content></level></subsection><subsection eId="section-120-4"><num>(4)</num><intro><p>The provisions are—</p></intro><level class="para1" eId="section-120-4-a"><num>(a)</num><content><p>section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref> of the Limited Partnerships Act 1907 (inserted by section 119 of this Act), and</p></content></level><level class="para1" eId="section-120-4-b"><num>(b)</num><content><p>so far as it relates to section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref> of the Limited Partnerships Act 1907, section <ref href="#d28e19194">10D</ref><ref href="#d28e19213">(2)(a)</ref> of that Act (inserted by section 126 of this Act).</p></content></level></subsection><subsection eId="section-120-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 119<ref href="#section-119-3">(3)</ref> came fully into force.</p></content></hcontainer></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-118"><num>118</num><heading>Restrictions on general partners</heading><subsection eId="section-118-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-118-2"><num>(2)</num><intro><p>In section 8A (application for registration)—</p></intro><level class="para1" eId="section-118-2-a"><num>(a)</num><content><p><mod>after subsection <ref href="#d28e15992">(1A)</ref> (inserted by section 113 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e16898"><num>(1B)</num><content><p>The application must also contain a statement that none of the proposed general partners is disqualified under the directors disqualification legislation (see subsection (8)).</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-118-2-b"><num>(b)</num><content><p><mod>in subsection (8), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“disqualified under the directors disqualification legislation”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to a statement about a person delivered to the registrar for England and Wales or Scotland, means that the person falls within any of the entries in the first column of Part 1 of the table in section 159A of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to a statement about a person delivered to the registrar for Northern Ireland, means that the person falls within any of the entries in the first column of Part 2 of that table;</p></content></level></hcontainer></quotedStructure></mod></p></content></level></subsection><subsection eId="section-118-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e16700">8I</ref> (inserted by section 116 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Duty to remove disqualified general partners</heading><section eId="d28e16943"><num>8J</num><heading>Duty to remove disqualified general partners</heading><subsection eId="d28e16947"><num>(1)</num><content><p>The general partners in a limited partnership must take any steps that are necessary to ensure that any general partner in the limited partnership who is disqualified under the directors disqualification legislation (see subsection <ref href="#section-118-3">(3)</ref>) ceases to be a general partner.</p></content></subsection><subsection eId="d28e16956"><num>(2)</num><intro><p>Examples of the types of steps that the general partners might need to take include—</p></intro><level class="para1"><num>(a)</num><content><p>enforcing any express or implied agreement between the partners;</p></content></level><level class="para1"><num>(b)</num><content><p>giving any notice, making any application or otherwise acting to dissolve the limited partnership.</p></content></level></subsection><subsection><num>(3)</num><intro><p>A general partner in a limited partnership is “disqualified under the directors disqualification legislation” if—</p></intro><level class="para1"><num>(a)</num><content><p>where the limited partnership is registered in England and Wales or Scotland, the general partner falls within any of the entries in the first column of Part 1 of the table in section 159A of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><content><p>where the limited partnership is registered in Northern Ireland, the general partner falls within any of the entries in the first column of Part 2 of that table.</p></content></level></subsection><subsection><num>(4)</num><content><p>Subsection <ref href="#d28e16947">(1)</ref> applies irrespective of whether the general partner concerned became disqualified under the directors disqualification legislation before or after this section comes into force.</p></content></subsection><subsection><num>(5)</num><content><p>If the general partners fail to comply with this section an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(6)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(7)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(8)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(9)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-118-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-118-2"><num>(2)</num><intro><p>In section 8A (application for registration)—</p></intro><level class="para1" eId="section-118-2-a"><num>(a)</num><content><p><mod>after subsection <ref href="#d28e15992">(1A)</ref> (inserted by section 113 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e16898"><num>(1B)</num><content><p>The application must also contain a statement that none of the proposed general partners is disqualified under the directors disqualification legislation (see subsection (8)).</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-118-2-b"><num>(b)</num><content><p><mod>in subsection (8), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“disqualified under the directors disqualification legislation”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to a statement about a person delivered to the registrar for England and Wales or Scotland, means that the person falls within any of the entries in the first column of Part 1 of the table in section 159A of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to a statement about a person delivered to the registrar for Northern Ireland, means that the person falls within any of the entries in the first column of Part 2 of that table;</p></content></level></hcontainer></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-118-2-a"><num>(a)</num><content><p><mod>after subsection <ref href="#d28e15992">(1A)</ref> (inserted by section 113 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e16898"><num>(1B)</num><content><p>The application must also contain a statement that none of the proposed general partners is disqualified under the directors disqualification legislation (see subsection (8)).</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-118-2-b"><num>(b)</num><content><p><mod>in subsection (8), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“disqualified under the directors disqualification legislation”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to a statement about a person delivered to the registrar for England and Wales or Scotland, means that the person falls within any of the entries in the first column of Part 1 of the table in section 159A of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to a statement about a person delivered to the registrar for Northern Ireland, means that the person falls within any of the entries in the first column of Part 2 of that table;</p></content></level></hcontainer></quotedStructure></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-118-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e16700">8I</ref> (inserted by section 116 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Duty to remove disqualified general partners</heading><section eId="d28e16943"><num>8J</num><heading>Duty to remove disqualified general partners</heading><subsection eId="d28e16947"><num>(1)</num><content><p>The general partners in a limited partnership must take any steps that are necessary to ensure that any general partner in the limited partnership who is disqualified under the directors disqualification legislation (see subsection <ref href="#section-118-3">(3)</ref>) ceases to be a general partner.</p></content></subsection><subsection eId="d28e16956"><num>(2)</num><intro><p>Examples of the types of steps that the general partners might need to take include—</p></intro><level class="para1"><num>(a)</num><content><p>enforcing any express or implied agreement between the partners;</p></content></level><level class="para1"><num>(b)</num><content><p>giving any notice, making any application or otherwise acting to dissolve the limited partnership.</p></content></level></subsection><subsection><num>(3)</num><intro><p>A general partner in a limited partnership is “disqualified under the directors disqualification legislation” if—</p></intro><level class="para1"><num>(a)</num><content><p>where the limited partnership is registered in England and Wales or Scotland, the general partner falls within any of the entries in the first column of Part 1 of the table in section 159A of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><content><p>where the limited partnership is registered in Northern Ireland, the general partner falls within any of the entries in the first column of Part 2 of that table.</p></content></level></subsection><subsection><num>(4)</num><content><p>Subsection <ref href="#d28e16947">(1)</ref> applies irrespective of whether the general partner concerned became disqualified under the directors disqualification legislation before or after this section comes into force.</p></content></subsection><subsection><num>(5)</num><content><p>If the general partners fail to comply with this section an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(6)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(7)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(8)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(9)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-119"><num>119</num><heading>Officers of general partners</heading><subsection eId="section-119-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-119-2"><num>(2)</num><content><p><mod>In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-corporate-managing-officer">corporate managing officer</term>” means a managing officer that is a legal entity;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-119-3"><num>(3)</num><content><p><mod>In section 8A (application for registration), after subsection <ref href="#d28e16898">(1B)</ref> (inserted by section 118 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e17099"><num>(1C)</num><intro><p>The application must be accompanied by a statement by each proposed general partner that is a legal entity (if any) specifying the name of its proposed registered officer, who must be an individual—</p></intro><level class="para1"><num>(a)</num><content><p>who is one of the general partner’s managing officers,</p></content></level><level class="para1"><num>(b)</num><content><p>who is not disqualified under the directors disqualification legislation (see subsection (8)), and</p></content></level><level class="para1"><num>(c)</num><content><p>whose identity is verified (within the meaning of section 1110A of the Companies Act 2006).</p></content></level></subsection><subsection eId="d28e17123"><num>(1D)</num><intro><p>The application must also be accompanied by one of the following statements by each proposed general partner that is a legal entity (if any)—</p></intro><level class="para1"><num>(a)</num><content><p>a statement that the general partner does not have any corporate managing officers, or</p></content></level><level class="para1" eId="d28e17135"><num>(b)</num><content><p>if the general partner has one or more corporate managing officers, a statement specifying, for each corporate managing officer, the name of the proposed named contact for the corporate managing officer.</p></content></level></subsection><subsection><num>(1E)</num><content><p>The proposed named contact for a corporate managing officer must be an individual who is a managing officer of the corporate managing officer.</p></content></subsection><subsection eId="d28e17147"><num>(1F)</num><intro><p>A statement under subsection <ref href="#d28e17099">(1C)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>contain the required information about the proposed registered officer (see Part 3 of the Schedule), and</p></content></level><level class="para1"><num>(b)</num><intro><p>be accompanied by a statement by the individual who is the proposed registered officer confirming that the individual—</p></intro><level class="para2"><num>(i)</num><content><p>is one of the general partner’s managing officers,</p></content></level><level class="para2"><num>(ii)</num><content><p>is not disqualified under the directors disqualification legislation (see subsection (8)), and</p></content></level><level class="para2"><num>(iii)</num><content><p>is an individual whose identity is verified (within the meaning of section 1110A of the Companies Act 2006).</p></content></level></level></subsection><subsection eId="d28e17186"><num>(1G)</num><intro><p>A statement under subsection <ref href="#d28e17135">(1D)(b)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>contain the required information about each proposed named contact specified in the statement (see Part <ref href="#d28e36448">4</ref> of the Schedule), and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by each proposed named contact confirming that the proposed named contact is a managing officer of the corporate managing officer concerned.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-119-4"><num>(4)</num><content><p><mod>After section <ref href="#d28e16943">8J</ref> (inserted by section 118 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Officers of general partners</heading><section eId="d28e17226"><num>8K</num><heading>Duty to maintain registered officer and named contacts</heading><subsection eId="d28e17230"><num>(1)</num><intro><p>A general partner that is a legal entity must at all times ensure that its registered officer is an individual—</p></intro><level class="para1" eId="d28e17236"><num>(a)</num><content><p>who is one of its managing officers,</p></content></level><level class="para1" eId="d28e17242"><num>(b)</num><content><p>who is not disqualified under the directors disqualification legislation (see subsection <ref href="#section-119-2">(2)</ref>), and</p></content></level><level class="para1" eId="d28e17251"><num>(c)</num><content><p>whose identity is verified (within the meaning of section 1110A of the Companies Act 2006).</p></content></level></subsection><subsection eId="d28e17257"><num>(2)</num><intro><p>The registered officer of a general partner in a limited partnership is “disqualified under the directors disqualification legislation” if—</p></intro><level class="para1"><num>(a)</num><content><p>where the limited partnership is registered in England and Wales or Scotland, the registered officer falls within any of the entries in the first column of Part 1 of the table in section 159A of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><content><p>where the limited partnership is registered in Northern Ireland, the registered officer falls within any of the entries in the first column of Part 2 of that table.</p></content></level></subsection><subsection eId="d28e17275"><num>(3)</num><content><p>A general partner that is a legal entity and that has one or more corporate managing officers must at all times ensure that the named contact for each corporate managing officer is an individual who is a managing officer of the corporate managing officer.</p></content></subsection><subsection eId="d28e17281"><num>(4)</num><intro><p>In this section “<term refersTo="#term-registered-officer">registered officer</term>”, in relation to a general partner that is a legal entity, means—</p></intro><level class="para1"><num>(a)</num><intro><p>the individual whose name is specified by the general partner in—</p></intro><level class="para2"><num>(i)</num><content><p>a statement delivered to the registrar under section 8A<ref href="#d28e17099">(1C)</ref> or 8R(4), or</p></content></level><level class="para2"><num>(ii)</num><content><p>a statement delivered to the registrar under section 120<ref href="#section-120-2-a">(2)(a)</ref> or 124<ref href="#section-124-2-a">(2)(a)</ref> of the Economic Crime and Corporate Transparency Act 2023 (transitional cases),</p></content></level><wrapUp><p>unless the general partner has changed its registered officer under section <ref href="#d28e17421">8L</ref><ref href="#d28e17425">(1)</ref>, or</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>if the general partner has changed its registered officer under section <ref href="#d28e17421">8L</ref><ref href="#d28e17425">(1)</ref>, the individual specified in the latest notice under that provision.</p></content></level></subsection><subsection eId="d28e17335"><num>(5)</num><intro><p>In this section “<term refersTo="#term-named-contact">named contact</term>”, in relation to the corporate managing officer of a general partner, means—</p></intro><level class="para1"><num>(a)</num><intro><p>the individual whose name is specified by the general partner for that corporate managing officer in—</p></intro><level class="para2"><num>(i)</num><content><p>a statement delivered to the registrar under section 8A<ref href="#d28e17135">(1D)(b)</ref>, 8R(5)(b) or <ref href="#d28e17567">8N</ref><ref href="#d28e17595">(3)</ref>, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a statement delivered to the registrar under section 120<ref href="#section-120-2-b-ii">(2)(b)(ii)</ref> or 124<ref href="#section-124-2-b-ii">(2)(b)(ii)</ref> of the Economic Crime and Corporate Transparency Act 2023 (transitional cases),</p></content></level><wrapUp><p>unless the general partner has changed the named contact for that corporate managing officer under section <ref href="#d28e17421">8L</ref><ref href="#d28e17436">(2)</ref>, or</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>if the general partner has changed the named contact for that corporate managing officer under section <ref href="#d28e17421">8L</ref><ref href="#d28e17436">(2)</ref>, the individual specified in the latest notice under that provision.</p></content></level></subsection><subsection><num>(6)</num><content><p>If a general partner’s registered officer ceases to fall within the description mentioned in subsection <ref href="#d28e17236">(1)(a)</ref> or <ref href="#d28e17242">(b)</ref>, the general partner does not fail to comply with subsection <ref href="#d28e17230">(1)</ref> by reason of that fact during the period of 14 days beginning with the day on which the registered officer so ceases.</p></content></subsection><subsection><num>(7)</num><content><p>If the named contact for a general partner’s corporate managing officer ceases to be a managing officer of the corporate managing officer, the general partner does not fail to comply with subsection <ref href="#d28e17275">(3)</ref> by reason of that fact during the period of 14 days beginning with the day on which the named contact so ceases.</p></content></subsection></section><section eId="d28e17421"><num>8L</num><heading>Change of registered officers and named contacts by general partner</heading><subsection eId="d28e17425"><num>(1)</num><content><p>A general partner may change its registered officer for the purposes of section <ref href="#d28e17226">8K</ref><ref href="#d28e17230">(1)</ref> by giving notice to the registrar containing the required information about the new registered officer (see Part 3 of the Schedule).</p></content></subsection><subsection eId="d28e17436"><num>(2)</num><content><p>A general partner may change the named contact for a corporate managing officer of the general partner for the purposes of section <ref href="#d28e17226">8K</ref><ref href="#d28e17275">(3)</ref> by giving notice to the registrar containing the required information about the new named contact (see Part <ref href="#d28e36448">4</ref> of the Schedule).</p></content></subsection><subsection><num>(3)</num><intro><p>A notice under subsection <ref href="#d28e17425">(1)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>include a statement by the general partner confirming that the new registered officer is an individual who meets the requirements in section 8K(1)(a) to (c), and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by the individual who is the new registered officer confirming that the individual meets the requirements in section 8K(1)(a) to (c).</p></content></level></subsection><subsection><num>(4)</num><intro><p>A notice under subsection <ref href="#d28e17436">(2)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>include a statement by the general partner that the new named contact for the corporate managing officer is a managing officer of the corporate managing officer, and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by the individual who is the new named contact confirming that the individual is an managing officer of the corporate managing officer.</p></content></level></subsection></section><section eId="d28e17495"><num>8M</num><heading>Duty to notify changes in general partner’s registered officer</heading><subsection eId="d28e17499"><num>(1)</num><content><p>A general partner that is a legal entity must give notice to the registrar of any change in the required information about its registered officer (see Part <ref href="#d28e36373">3</ref> of the Schedule).</p></content></subsection><subsection eId="d28e17508"><num>(2)</num><intro><p>A general partner that is a legal entity must give notice to the registrar of any change in the required information about its proposed registered officer that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for registration of the limited partnership in which the entity is a general partner was delivered to the registrar under section 8A, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the limited partnership was registered.</p></content></level></subsection><subsection eId="d28e17526"><num>(3)</num><content><p>A notice under this section must specify the date on which the change to which it relates occurred.</p></content></subsection><subsection><num>(4)</num><content><p>A notice under subsection <ref href="#d28e17499">(1)</ref> must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under subsection <ref href="#d28e17508">(2)</ref> must be given within the period of 14 days beginning with the day on which the limited partnership was registered.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-registered-officer">registered officer</term>” has the meaning given by section <ref href="#d28e17226">8K</ref><ref href="#d28e17281">(4)</ref>.</p></content></subsection></section><section eId="d28e17567"><num>8N</num><heading>Duty to notify named contact</heading><subsection eId="d28e17571"><num>(1)</num><content><p>A general partner that is a legal entity must give notice to the registrar if a legal entity becomes a corporate managing officer of the general partner.</p></content></subsection><subsection><num>(2)</num><intro><p>A general partner that is a legal entity must give notice to the registrar if a legal entity became a corporate managing officer of the general partner—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for registration of the limited partnership in which the entity is a general partner was delivered to the registrar under section 8A, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the limited partnership was registered.</p></content></level></subsection><subsection eId="d28e17595"><num>(3)</num><content><p>A notice under this section must include a statement specifying the name of the proposed named contact for the corporate managing officer.</p></content></subsection><subsection><num>(4)</num><content><p>The proposed named contact for a corporate managing officer must be an individual who is a managing officer of the corporate managing officer.</p></content></subsection><subsection><num>(5)</num><intro><p>The statement must—</p></intro><level class="para1"><num>(a)</num><content><p>contain the required information about the proposed named contact specified in the statement (see Part 4 of the Schedule), and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by the proposed named contact confirming that the proposed named contact is a managing officer of the corporate managing officer.</p></content></level></subsection><subsection><num>(6)</num><content><p>A notice under subsection <ref href="#d28e17571">(1)</ref> must be given within the period of 14 days beginning with the day on which the legal entity becomes a corporate managing officer of the general partner.</p></content></subsection><subsection><num>(7)</num><content><p>A notice under subsection <ref href="#d28e17508">(2)</ref> must be given within the period of 14 days beginning with the day on which the limited partnership was registered.</p></content></subsection></section><section eId="d28e17646"><num>8O</num><heading>Duty to notify changes in named contacts</heading><subsection><num>(1)</num><content><p>This section applies where a general partner that is a legal entity has one or more corporate managing officers.</p></content></subsection><subsection><num>(2)</num><content><p>The general partner must give notice to the registrar of any change in the required information about the named contact for any corporate managing officer (see Part 4 of the Schedule).</p></content></subsection><subsection><num>(3)</num><intro><p>The general partner must give notice to the registrar of any change in the required information about the proposed named contact for any corporate managing officer that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for registration of the limited partnership in which the entity is a general partner was delivered to the registrar under section 8A, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the limited partnership was registered.</p></content></level></subsection><subsection><num>(4)</num><content><p>A notice under this section must specify the date on which the change to which it relates occurred.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under subsection <ref href="#d28e17508">(2)</ref> must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection><subsection><num>(6)</num><content><p>A notice under subsection <ref href="#d28e17526">(3)</ref> must be given within the period of 14 days beginning with the day on which the limited partnership was registered.</p></content></subsection><subsection><num>(7)</num><content><p>In this section “<term refersTo="#term-named-contact">named contact</term>” has the meaning given by section <ref href="#d28e17226">8K</ref><ref href="#d28e17335">(5)</ref>.</p></content></subsection></section><section><num>8P</num><heading>Failure to comply with obligations relating to officers</heading><subsection><num>(1)</num><intro><p>If a general partner fails to comply with section <ref href="#d28e17226">8K</ref>, <ref href="#d28e17495">8M</ref>, <ref href="#d28e17567">8N</ref> or <ref href="#d28e17646">8O</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the general partner, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the general partner is a legal entity, any of its managing officers who is in default.</p></content></level></subsection><subsection><num>(2)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(3)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e17782"><num>(4)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(5)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e17782">(4)</ref>).</p></content></subsection></section><section><num>8Q</num><heading>Regulations about change of registered officer’s address by registrar</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to change a registered service address of a registered officer of a general partner if satisfied that the address does not meet the requirements of section 1141(1) and (2) of the Companies Act 2006.</p></content></subsection><subsection><num>(2)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-officer">registered officer</term>” has the meaning given by section 8K<ref href="#d28e17281">(4)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-service-address">registered service address</term>”, in relation to a registered officer, means the address for the time being shown in the register as the registered officer’s current service address.</p></content></hcontainer></subsection><subsection><num>(3)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection><subsection><num>(4)</num><intro><p>The regulations—</p></intro><level class="para1"><num>(a)</num><content><p>may include provision corresponding or similar to any provision that may be included in regulations under section 1097B of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><intro><p>must include—</p></intro><level class="para2"><num>(i)</num><content><p>provision about appeals corresponding to the provision that must be included in regulations under section 1097B by virtue of subsections (7) and (8) of that section;</p></content></level><level class="para2"><num>(ii)</num><content><p>provision corresponding to subsection (9) of that section.</p></content></level></level></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-119-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-119-2"><num>(2)</num><content><p><mod>In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-corporate-managing-officer">corporate managing officer</term>” means a managing officer that is a legal entity;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-119-3"><num>(3)</num><content><p><mod>In section 8A (application for registration), after subsection <ref href="#d28e16898">(1B)</ref> (inserted by section 118 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e17099"><num>(1C)</num><intro><p>The application must be accompanied by a statement by each proposed general partner that is a legal entity (if any) specifying the name of its proposed registered officer, who must be an individual—</p></intro><level class="para1"><num>(a)</num><content><p>who is one of the general partner’s managing officers,</p></content></level><level class="para1"><num>(b)</num><content><p>who is not disqualified under the directors disqualification legislation (see subsection (8)), and</p></content></level><level class="para1"><num>(c)</num><content><p>whose identity is verified (within the meaning of section 1110A of the Companies Act 2006).</p></content></level></subsection><subsection eId="d28e17123"><num>(1D)</num><intro><p>The application must also be accompanied by one of the following statements by each proposed general partner that is a legal entity (if any)—</p></intro><level class="para1"><num>(a)</num><content><p>a statement that the general partner does not have any corporate managing officers, or</p></content></level><level class="para1" eId="d28e17135"><num>(b)</num><content><p>if the general partner has one or more corporate managing officers, a statement specifying, for each corporate managing officer, the name of the proposed named contact for the corporate managing officer.</p></content></level></subsection><subsection><num>(1E)</num><content><p>The proposed named contact for a corporate managing officer must be an individual who is a managing officer of the corporate managing officer.</p></content></subsection><subsection eId="d28e17147"><num>(1F)</num><intro><p>A statement under subsection <ref href="#d28e17099">(1C)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>contain the required information about the proposed registered officer (see Part 3 of the Schedule), and</p></content></level><level class="para1"><num>(b)</num><intro><p>be accompanied by a statement by the individual who is the proposed registered officer confirming that the individual—</p></intro><level class="para2"><num>(i)</num><content><p>is one of the general partner’s managing officers,</p></content></level><level class="para2"><num>(ii)</num><content><p>is not disqualified under the directors disqualification legislation (see subsection (8)), and</p></content></level><level class="para2"><num>(iii)</num><content><p>is an individual whose identity is verified (within the meaning of section 1110A of the Companies Act 2006).</p></content></level></level></subsection><subsection eId="d28e17186"><num>(1G)</num><intro><p>A statement under subsection <ref href="#d28e17135">(1D)(b)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>contain the required information about each proposed named contact specified in the statement (see Part <ref href="#d28e36448">4</ref> of the Schedule), and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by each proposed named contact confirming that the proposed named contact is a managing officer of the corporate managing officer concerned.</p></content></level></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-119-4"><num>(4)</num><content><p><mod>After section <ref href="#d28e16943">8J</ref> (inserted by section 118 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Officers of general partners</heading><section eId="d28e17226"><num>8K</num><heading>Duty to maintain registered officer and named contacts</heading><subsection eId="d28e17230"><num>(1)</num><intro><p>A general partner that is a legal entity must at all times ensure that its registered officer is an individual—</p></intro><level class="para1" eId="d28e17236"><num>(a)</num><content><p>who is one of its managing officers,</p></content></level><level class="para1" eId="d28e17242"><num>(b)</num><content><p>who is not disqualified under the directors disqualification legislation (see subsection <ref href="#section-119-2">(2)</ref>), and</p></content></level><level class="para1" eId="d28e17251"><num>(c)</num><content><p>whose identity is verified (within the meaning of section 1110A of the Companies Act 2006).</p></content></level></subsection><subsection eId="d28e17257"><num>(2)</num><intro><p>The registered officer of a general partner in a limited partnership is “disqualified under the directors disqualification legislation” if—</p></intro><level class="para1"><num>(a)</num><content><p>where the limited partnership is registered in England and Wales or Scotland, the registered officer falls within any of the entries in the first column of Part 1 of the table in section 159A of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><content><p>where the limited partnership is registered in Northern Ireland, the registered officer falls within any of the entries in the first column of Part 2 of that table.</p></content></level></subsection><subsection eId="d28e17275"><num>(3)</num><content><p>A general partner that is a legal entity and that has one or more corporate managing officers must at all times ensure that the named contact for each corporate managing officer is an individual who is a managing officer of the corporate managing officer.</p></content></subsection><subsection eId="d28e17281"><num>(4)</num><intro><p>In this section “<term refersTo="#term-registered-officer">registered officer</term>”, in relation to a general partner that is a legal entity, means—</p></intro><level class="para1"><num>(a)</num><intro><p>the individual whose name is specified by the general partner in—</p></intro><level class="para2"><num>(i)</num><content><p>a statement delivered to the registrar under section 8A<ref href="#d28e17099">(1C)</ref> or 8R(4), or</p></content></level><level class="para2"><num>(ii)</num><content><p>a statement delivered to the registrar under section 120<ref href="#section-120-2-a">(2)(a)</ref> or 124<ref href="#section-124-2-a">(2)(a)</ref> of the Economic Crime and Corporate Transparency Act 2023 (transitional cases),</p></content></level><wrapUp><p>unless the general partner has changed its registered officer under section <ref href="#d28e17421">8L</ref><ref href="#d28e17425">(1)</ref>, or</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>if the general partner has changed its registered officer under section <ref href="#d28e17421">8L</ref><ref href="#d28e17425">(1)</ref>, the individual specified in the latest notice under that provision.</p></content></level></subsection><subsection eId="d28e17335"><num>(5)</num><intro><p>In this section “<term refersTo="#term-named-contact">named contact</term>”, in relation to the corporate managing officer of a general partner, means—</p></intro><level class="para1"><num>(a)</num><intro><p>the individual whose name is specified by the general partner for that corporate managing officer in—</p></intro><level class="para2"><num>(i)</num><content><p>a statement delivered to the registrar under section 8A<ref href="#d28e17135">(1D)(b)</ref>, 8R(5)(b) or <ref href="#d28e17567">8N</ref><ref href="#d28e17595">(3)</ref>, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a statement delivered to the registrar under section 120<ref href="#section-120-2-b-ii">(2)(b)(ii)</ref> or 124<ref href="#section-124-2-b-ii">(2)(b)(ii)</ref> of the Economic Crime and Corporate Transparency Act 2023 (transitional cases),</p></content></level><wrapUp><p>unless the general partner has changed the named contact for that corporate managing officer under section <ref href="#d28e17421">8L</ref><ref href="#d28e17436">(2)</ref>, or</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>if the general partner has changed the named contact for that corporate managing officer under section <ref href="#d28e17421">8L</ref><ref href="#d28e17436">(2)</ref>, the individual specified in the latest notice under that provision.</p></content></level></subsection><subsection><num>(6)</num><content><p>If a general partner’s registered officer ceases to fall within the description mentioned in subsection <ref href="#d28e17236">(1)(a)</ref> or <ref href="#d28e17242">(b)</ref>, the general partner does not fail to comply with subsection <ref href="#d28e17230">(1)</ref> by reason of that fact during the period of 14 days beginning with the day on which the registered officer so ceases.</p></content></subsection><subsection><num>(7)</num><content><p>If the named contact for a general partner’s corporate managing officer ceases to be a managing officer of the corporate managing officer, the general partner does not fail to comply with subsection <ref href="#d28e17275">(3)</ref> by reason of that fact during the period of 14 days beginning with the day on which the named contact so ceases.</p></content></subsection></section><section eId="d28e17421"><num>8L</num><heading>Change of registered officers and named contacts by general partner</heading><subsection eId="d28e17425"><num>(1)</num><content><p>A general partner may change its registered officer for the purposes of section <ref href="#d28e17226">8K</ref><ref href="#d28e17230">(1)</ref> by giving notice to the registrar containing the required information about the new registered officer (see Part 3 of the Schedule).</p></content></subsection><subsection eId="d28e17436"><num>(2)</num><content><p>A general partner may change the named contact for a corporate managing officer of the general partner for the purposes of section <ref href="#d28e17226">8K</ref><ref href="#d28e17275">(3)</ref> by giving notice to the registrar containing the required information about the new named contact (see Part <ref href="#d28e36448">4</ref> of the Schedule).</p></content></subsection><subsection><num>(3)</num><intro><p>A notice under subsection <ref href="#d28e17425">(1)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>include a statement by the general partner confirming that the new registered officer is an individual who meets the requirements in section 8K(1)(a) to (c), and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by the individual who is the new registered officer confirming that the individual meets the requirements in section 8K(1)(a) to (c).</p></content></level></subsection><subsection><num>(4)</num><intro><p>A notice under subsection <ref href="#d28e17436">(2)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>include a statement by the general partner that the new named contact for the corporate managing officer is a managing officer of the corporate managing officer, and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by the individual who is the new named contact confirming that the individual is an managing officer of the corporate managing officer.</p></content></level></subsection></section><section eId="d28e17495"><num>8M</num><heading>Duty to notify changes in general partner’s registered officer</heading><subsection eId="d28e17499"><num>(1)</num><content><p>A general partner that is a legal entity must give notice to the registrar of any change in the required information about its registered officer (see Part <ref href="#d28e36373">3</ref> of the Schedule).</p></content></subsection><subsection eId="d28e17508"><num>(2)</num><intro><p>A general partner that is a legal entity must give notice to the registrar of any change in the required information about its proposed registered officer that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for registration of the limited partnership in which the entity is a general partner was delivered to the registrar under section 8A, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the limited partnership was registered.</p></content></level></subsection><subsection eId="d28e17526"><num>(3)</num><content><p>A notice under this section must specify the date on which the change to which it relates occurred.</p></content></subsection><subsection><num>(4)</num><content><p>A notice under subsection <ref href="#d28e17499">(1)</ref> must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under subsection <ref href="#d28e17508">(2)</ref> must be given within the period of 14 days beginning with the day on which the limited partnership was registered.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-registered-officer">registered officer</term>” has the meaning given by section <ref href="#d28e17226">8K</ref><ref href="#d28e17281">(4)</ref>.</p></content></subsection></section><section eId="d28e17567"><num>8N</num><heading>Duty to notify named contact</heading><subsection eId="d28e17571"><num>(1)</num><content><p>A general partner that is a legal entity must give notice to the registrar if a legal entity becomes a corporate managing officer of the general partner.</p></content></subsection><subsection><num>(2)</num><intro><p>A general partner that is a legal entity must give notice to the registrar if a legal entity became a corporate managing officer of the general partner—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for registration of the limited partnership in which the entity is a general partner was delivered to the registrar under section 8A, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the limited partnership was registered.</p></content></level></subsection><subsection eId="d28e17595"><num>(3)</num><content><p>A notice under this section must include a statement specifying the name of the proposed named contact for the corporate managing officer.</p></content></subsection><subsection><num>(4)</num><content><p>The proposed named contact for a corporate managing officer must be an individual who is a managing officer of the corporate managing officer.</p></content></subsection><subsection><num>(5)</num><intro><p>The statement must—</p></intro><level class="para1"><num>(a)</num><content><p>contain the required information about the proposed named contact specified in the statement (see Part 4 of the Schedule), and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by the proposed named contact confirming that the proposed named contact is a managing officer of the corporate managing officer.</p></content></level></subsection><subsection><num>(6)</num><content><p>A notice under subsection <ref href="#d28e17571">(1)</ref> must be given within the period of 14 days beginning with the day on which the legal entity becomes a corporate managing officer of the general partner.</p></content></subsection><subsection><num>(7)</num><content><p>A notice under subsection <ref href="#d28e17508">(2)</ref> must be given within the period of 14 days beginning with the day on which the limited partnership was registered.</p></content></subsection></section><section eId="d28e17646"><num>8O</num><heading>Duty to notify changes in named contacts</heading><subsection><num>(1)</num><content><p>This section applies where a general partner that is a legal entity has one or more corporate managing officers.</p></content></subsection><subsection><num>(2)</num><content><p>The general partner must give notice to the registrar of any change in the required information about the named contact for any corporate managing officer (see Part 4 of the Schedule).</p></content></subsection><subsection><num>(3)</num><intro><p>The general partner must give notice to the registrar of any change in the required information about the proposed named contact for any corporate managing officer that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for registration of the limited partnership in which the entity is a general partner was delivered to the registrar under section 8A, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the limited partnership was registered.</p></content></level></subsection><subsection><num>(4)</num><content><p>A notice under this section must specify the date on which the change to which it relates occurred.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under subsection <ref href="#d28e17508">(2)</ref> must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection><subsection><num>(6)</num><content><p>A notice under subsection <ref href="#d28e17526">(3)</ref> must be given within the period of 14 days beginning with the day on which the limited partnership was registered.</p></content></subsection><subsection><num>(7)</num><content><p>In this section “<term refersTo="#term-named-contact">named contact</term>” has the meaning given by section <ref href="#d28e17226">8K</ref><ref href="#d28e17335">(5)</ref>.</p></content></subsection></section><section><num>8P</num><heading>Failure to comply with obligations relating to officers</heading><subsection><num>(1)</num><intro><p>If a general partner fails to comply with section <ref href="#d28e17226">8K</ref>, <ref href="#d28e17495">8M</ref>, <ref href="#d28e17567">8N</ref> or <ref href="#d28e17646">8O</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the general partner, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the general partner is a legal entity, any of its managing officers who is in default.</p></content></level></subsection><subsection><num>(2)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(3)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e17782"><num>(4)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(5)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e17782">(4)</ref>).</p></content></subsection></section><section><num>8Q</num><heading>Regulations about change of registered officer’s address by registrar</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to change a registered service address of a registered officer of a general partner if satisfied that the address does not meet the requirements of section 1141(1) and (2) of the Companies Act 2006.</p></content></subsection><subsection><num>(2)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-officer">registered officer</term>” has the meaning given by section 8K<ref href="#d28e17281">(4)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-service-address">registered service address</term>”, in relation to a registered officer, means the address for the time being shown in the register as the registered officer’s current service address.</p></content></hcontainer></subsection><subsection><num>(3)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection><subsection><num>(4)</num><intro><p>The regulations—</p></intro><level class="para1"><num>(a)</num><content><p>may include provision corresponding or similar to any provision that may be included in regulations under section 1097B of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><intro><p>must include—</p></intro><level class="para2"><num>(i)</num><content><p>provision about appeals corresponding to the provision that must be included in regulations under section 1097B by virtue of subsections (7) and (8) of that section;</p></content></level><level class="para2"><num>(ii)</num><content><p>provision corresponding to subsection (9) of that section.</p></content></level></level></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-120"><num>120</num><heading>Officers of general partners: transitional provision</heading><subsection eId="section-120-1"><num>(1)</num><content><p>This section applies in relation to a limited partnership that was registered under the Limited Partnerships Act 1907 in pursuance of an application for registration delivered to the registrar before section 119(3) came fully into force.</p></content></subsection><subsection eId="section-120-2"><num>(2)</num><intro><p>Each general partner that is a legal entity and became a general partner in the limited partnership on its registration must, within the transitional period, deliver to the registrar—</p></intro><level class="para1" eId="section-120-2-a"><num>(a)</num><content><p>a statement of the kind mentioned in section 8A<ref href="#d28e17099">(1C)</ref> of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8A<ref href="#d28e17147">(1F)</ref> of that Act (both inserted by section 119<ref href="#section-119-3">(3)</ref> of this Act), and</p></content></level><level class="para1" eId="section-120-2-b"><num>(b)</num><intro><p>either—</p></intro><level class="para2" eId="section-120-2-b-i"><num>(i)</num><content><p>a statement that the general partner does not have any corporate managing officers, or</p></content></level><level class="para2" eId="section-120-2-b-ii"><num>(ii)</num><content><p>if the general partner has one or more corporate managing officers, a statement of the kind mentioned in section 8A<ref href="#d28e17135">(1D)(b)</ref> of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8A<ref href="#d28e17186">(1G)</ref> of that Act (both inserted by section 119<ref href="#section-119-3">(3)</ref> of this Act).</p></content></level></level></subsection><subsection eId="section-120-3"><num>(3)</num><intro><p>A general partner mentioned in subsection <ref href="#section-120-2">(2)</ref> is not required by the provisions mentioned in subsection <ref href="#section-120-4">(4)</ref> to give notice to the registrar if a legal entity becomes a corporate managing officer of the general partner before whichever is earlier of—</p></intro><level class="para1" eId="section-120-3-a"><num>(a)</num><content><p>the end of the transitional period, and</p></content></level><level class="para1" eId="section-120-3-b"><num>(b)</num><content><p>the delivery of the statement mentioned in subsection <ref href="#section-120-2-b">(2)(b)</ref>.</p></content></level></subsection><subsection eId="section-120-4"><num>(4)</num><intro><p>The provisions are—</p></intro><level class="para1" eId="section-120-4-a"><num>(a)</num><content><p>section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref> of the Limited Partnerships Act 1907 (inserted by section 119 of this Act), and</p></content></level><level class="para1" eId="section-120-4-b"><num>(b)</num><content><p>so far as it relates to section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref> of the Limited Partnerships Act 1907, section <ref href="#d28e19194">10D</ref><ref href="#d28e19213">(2)(a)</ref> of that Act (inserted by section 126 of this Act).</p></content></level></subsection><subsection eId="section-120-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 119<ref href="#section-119-3">(3)</ref> came fully into force.</p></content></hcontainer></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-120-1"><num>(1)</num><content><p>This section applies in relation to a limited partnership that was registered under the Limited Partnerships Act 1907 in pursuance of an application for registration delivered to the registrar before section 119(3) came fully into force.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-120-2"><num>(2)</num><intro><p>Each general partner that is a legal entity and became a general partner in the limited partnership on its registration must, within the transitional period, deliver to the registrar—</p></intro><level class="para1" eId="section-120-2-a"><num>(a)</num><content><p>a statement of the kind mentioned in section 8A<ref href="#d28e17099">(1C)</ref> of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8A<ref href="#d28e17147">(1F)</ref> of that Act (both inserted by section 119<ref href="#section-119-3">(3)</ref> of this Act), and</p></content></level><level class="para1" eId="section-120-2-b"><num>(b)</num><intro><p>either—</p></intro><level class="para2" eId="section-120-2-b-i"><num>(i)</num><content><p>a statement that the general partner does not have any corporate managing officers, or</p></content></level><level class="para2" eId="section-120-2-b-ii"><num>(ii)</num><content><p>if the general partner has one or more corporate managing officers, a statement of the kind mentioned in section 8A<ref href="#d28e17135">(1D)(b)</ref> of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8A<ref href="#d28e17186">(1G)</ref> of that Act (both inserted by section 119<ref href="#section-119-3">(3)</ref> of this Act).</p></content></level></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-120-2-a"><num>(a)</num><content><p>a statement of the kind mentioned in section 8A<ref href="#d28e17099">(1C)</ref> of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8A<ref href="#d28e17147">(1F)</ref> of that Act (both inserted by section 119<ref href="#section-119-3">(3)</ref> of this Act), and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-120-2-b"><num>(b)</num><intro><p>either—</p></intro><level class="para2" eId="section-120-2-b-i"><num>(i)</num><content><p>a statement that the general partner does not have any corporate managing officers, or</p></content></level><level class="para2" eId="section-120-2-b-ii"><num>(ii)</num><content><p>if the general partner has one or more corporate managing officers, a statement of the kind mentioned in section 8A<ref href="#d28e17135">(1D)(b)</ref> of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8A<ref href="#d28e17186">(1G)</ref> of that Act (both inserted by section 119<ref href="#section-119-3">(3)</ref> of this Act).</p></content></level></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-120-2-b-i"><num>(i)</num><content><p>a statement that the general partner does not have any corporate managing officers, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-120-2-b-ii"><num>(ii)</num><content><p>if the general partner has one or more corporate managing officers, a statement of the kind mentioned in section 8A<ref href="#d28e17135">(1D)(b)</ref> of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8A<ref href="#d28e17186">(1G)</ref> of that Act (both inserted by section 119<ref href="#section-119-3">(3)</ref> of this Act).</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-120-3"><num>(3)</num><intro><p>A general partner mentioned in subsection <ref href="#section-120-2">(2)</ref> is not required by the provisions mentioned in subsection <ref href="#section-120-4">(4)</ref> to give notice to the registrar if a legal entity becomes a corporate managing officer of the general partner before whichever is earlier of—</p></intro><level class="para1" eId="section-120-3-a"><num>(a)</num><content><p>the end of the transitional period, and</p></content></level><level class="para1" eId="section-120-3-b"><num>(b)</num><content><p>the delivery of the statement mentioned in subsection <ref href="#section-120-2-b">(2)(b)</ref>.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-120-3-a"><num>(a)</num><content><p>the end of the transitional period, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-120-3-b"><num>(b)</num><content><p>the delivery of the statement mentioned in subsection <ref href="#section-120-2-b">(2)(b)</ref>.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-120-4"><num>(4)</num><intro><p>The provisions are—</p></intro><level class="para1" eId="section-120-4-a"><num>(a)</num><content><p>section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref> of the Limited Partnerships Act 1907 (inserted by section 119 of this Act), and</p></content></level><level class="para1" eId="section-120-4-b"><num>(b)</num><content><p>so far as it relates to section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref> of the Limited Partnerships Act 1907, section <ref href="#d28e19194">10D</ref><ref href="#d28e19213">(2)(a)</ref> of that Act (inserted by section 126 of this Act).</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-120-4-a"><num>(a)</num><content><p>section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref> of the Limited Partnerships Act 1907 (inserted by section 119 of this Act), and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-120-4-b"><num>(b)</num><content><p>so far as it relates to section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref> of the Limited Partnerships Act 1907, section <ref href="#d28e19194">10D</ref><ref href="#d28e19213">(2)(a)</ref> of that Act (inserted by section 126 of this Act).</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-120-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 119<ref href="#section-119-3">(3)</ref> came fully into force.</p></content></hcontainer></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content><p>“<term refersTo="#term-confirmation-statement" eId="term-confirmation-statement">confirmation statement</term>” has the meaning given by section 853A of the Companies Act 2006;</p></content></hcontainer>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-23" class="schProv1"><num>23</num><content><p><mod>In section 127K (further detention pending making of restraint order), after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><content><p>Exempt property seized under section 127C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(6)</num><intro><p>In subsection (5)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 127C(4) (reading references there to the accused as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 127G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-8-paragraph-45" class="schProv1"><num>45</num><content><p><mod>In section 160A (determination of extent of defendant’s interest in property), in subsection (3)(a), after “realisation” insert <quotedText>“or destruction”</quotedText>.</mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-24" class="schProv1"><num>24</num><content><p><mod>In section 127L (further detention pending variation of restraint order), after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><content><p>Exempt property seized under section 127C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(5)</num><intro><p>In subsection (4)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 127C(4) (reading references there to the accused as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 127G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-46" class="schProv1"><num>46</num><subparagraph eId="schedule-8-paragraph-46-1"><num>(1)</num><content><p>Section 199 (powers of enforcement receiver) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-46-2"><num>(2)</num><content><p><mod>In subsection (2), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>so far as the property consists of cryptoassets, power to destroy the property.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-46-3"><num>(3)</num><content><p><mod>In subsection (8)(a), for “or (c)” substitute <quotedText>“, (c) or (e)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-46-4"><num>(4)</num><content><p><mod>After subsection (9) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(9A)</num><intro><p>The court may confer the power mentioned in subsection (2)(e) only where—</p></intro><level class="para1"><num>(a)</num><content><p>it is not reasonably practicable to realise the cryptoassets in question, or</p></content></level><level class="para1"><num>(b)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></subsection><subsection><num>(9B)</num><intro><p>An order conferring that power—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the court’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may confer power to destroy the cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(9C)</num><content><p>If the receiver destroys any cryptoassets in the exercise of that power, the defendant is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-25" class="schProv1"><num>25</num><subparagraph eId="schedule-8-paragraph-25-1"><num>(1)</num><content><p>Section 127M (further detention in other cases) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-25-2"><num>(2)</num><content><p>In subsection (2)(b), omit “(within the meaning of section 127C(4))”.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-25-3"><num>(3)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>The sheriff may by order extend the period for which the property may be detained under section 127J if satisfied that—</p></intro><level class="para1"><num>(a)</num><content><p>any of the conditions in section 127B is met (reading references in that section to the officer as references to the sheriff),</p></content></level><level class="para1"><num>(b)</num><content><p>the property is free property, and</p></content></level><level class="para1"><num>(c)</num><content><p>there are reasonable grounds for suspecting that the property is a cryptoasset-related item.</p></content></level></subsection><subsection><num>(2B)</num><intro><p>An order under subsection (2A) may not be made in respect of exempt property unless the sheriff is satisfied that the person applying for the order is working diligently and expeditiously—</p></intro><level class="para1"><num>(a)</num><content><p>to determine whether the property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>if it has already been determined to be such an item, to seize any related cryptoassets under section 127C(1).</p></content></level></subsection><subsection><num>(2C)</num><intro><p>An order under subsection (2A) may not extend the period for which the property may be detained beyond the period of—</p></intro><level class="para1"><num>(a)</num><content><p>six months beginning with the date of the order, or</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of exempt property, 14 days beginning with that date.</p></content></level><wrapUp><p>This does not prevent the period from being further extended by another order under this section.</p></wrapUp></subsection><subsection><num>(2D)</num><content><p>The period of 14 days referred to in subsection (2C)(b) is to be calculated in accordance with section 127H(7) (reading the reference there to 48 hours as a reference to 14 days).</p></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-25-4"><num>(4)</num><content><p><mod>In subsection (6), after “section” insert <quotedText startQuote="“">—</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 127C(4) (reading references there to the accused as references to the person by whom the property is held);</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-47" class="schProv1"><num>47</num><subparagraph eId="schedule-8-paragraph-47-1"><num>(1)</num><content><p>Section 215 (seized money) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-47-2"><num>(2)</num><content><p><mod>In subsection (1)(b), for “bank or a building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-47-3"><num>(3)</num><intro><p>In subsection (5A)—</p></intro><level class="para1" eId="schedule-8-paragraph-47-3-a"><num>(a)</num><content><p><mod>for “a bank or building society” substitute <quotedText>“a relevant financial institution”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-8-paragraph-47-3-b"><num>(b)</num><content><p><mod>for “the bank or building society” substitute <quotedText>“the relevant financial institution”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-8-paragraph-47-4"><num>(4)</num><content><p><mod>In subsection (6), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-47-5"><num>(5)</num><content><p><mod>In subsection (7A), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-47-6"><num>(6)</num><intro><p>In subsection (8)—</p></intro><level class="para1" eId="schedule-8-paragraph-47-6-a"><num>(a)</num><content><p><mod>in paragraph (a) of the definition of “appropriate person”, for the words from “a bank” to the end substitute <quotedText>“a relevant financial institution, the relevant financial institution”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-8-paragraph-47-6-b"><num>(b)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-electronic-money-institution">electronic money institution</term>” has the same meaning as in the Electronic Money Regulations 2011 (<ref eId="c00042" href="http://www.legislation.gov.uk/id/uksi/2011/99">S.I. 2011/99</ref>) (see regulation 2 of those Regulations);</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-payment-institution">payment institution</term>” means an authorised payment institution or a small payment institution (each as defined in regulation 2 of the Payment Services Regulations 2017 (<ref eId="c00043" href="http://www.legislation.gov.uk/id/uksi/2017/752">S.I. 2017/752</ref>));</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-financial-institution">relevant financial institution</term>” means a bank, a building society, an electronic money institution or a payment institution;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-8-paragraph-47-7"><num>(7)</num><content><p><mod>For the heading substitute <quotedText>“Money”</quotedText>.</mod></p></content></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-26" class="schProv1"><num>26</num><content><p><mod>In section 127Q (release of property), after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6)</num><intro><p>If a cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, the appropriate officer may—</p></intro><level class="para1"><num>(a)</num><content><p>retain the item and deal with it as they see fit,</p></content></level><level class="para1"><num>(b)</num><content><p>dispose of the item, or</p></content></level><level class="para1"><num>(c)</num><content><p>destroy the item.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The powers in subsection (6) may be exercised only—</p></intro><level class="para1"><num>(a)</num><intro><p>where the appropriate officer has taken reasonable steps to notify—</p></intro><level class="para2"><num>(i)</num><content><p>the person from whom the item was seized, and</p></content></level><level class="para2"><num>(ii)</num><content><p>any other persons who the appropriate officer has reasonable grounds to believe have an interest in the item,</p></content></level><wrapUp><p>that the item has been released, and</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>with the approval of a senior officer.</p></content></level></subsection><subsection><num>(8)</num><content><p>“Senior officer” in subsection (7)(b) has the meaning given in section 127G(3).</p></content></subsection><subsection><num>(9)</num><content><p>Any proceeds of a disposal of the item are to be paid into the Scottish Consolidated Fund.</p></content></subsection></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-48" class="schProv1"><num>48</num><content><p><mod>After section 215 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>215ZA</num><heading>Cryptoassets</heading><subsection><num>(1)</num><intro><p>This section applies to cryptoassets which—</p></intro><level class="para1"><num>(a)</num><content><p>are held by a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>are held in a crypto wallet administered by a UK-connected cryptoasset service provider,</p></content></level><wrapUp><p>but only so far as the cryptoassets are free property.</p></wrapUp></subsection><subsection><num>(2)</num><intro><p>Subsection (3) applies if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against a person holding cryptoassets to which this section applies, and</p></content></level><level class="para1"><num>(b)</num><content><p>a receiver has not been appointed under section 198 in relation to the cryptoassets.</p></content></level></subsection><subsection><num>(3)</num><intro><p>A magistrates’ court may order the UK-connected cryptoasset service provider which administers the crypto wallet in which the cryptoassets are held—</p></intro><level class="para1"><num>(a)</num><content><p>to realise the cryptoassets, or a portion of the cryptoassets having a specified value,</p></content></level><level class="para1"><num>(b)</num><content><p>to pay the proceeds of that realisation to the appropriate chief clerk on account of, and up to a maximum of, the amount payable under the confiscation order, and</p></content></level><level class="para1"><num>(c)</num><content><p>to the extent that the proceeds of the realisation exceed the amount payable under the confiscation order, to pay the excess to an appropriate officer identified in the order.</p></content></level></subsection><subsection><num>(4)</num><intro><p>In subsection (3)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-chief-clerk">appropriate chief clerk</term>” has the same meaning as in section 202(7);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-officer">appropriate officer</term>” has the same meaning as in section 195A.</p></content></hcontainer></subsection><subsection><num>(5)</num><content><p>A person applying for an order under subsection (3) must give notice of the application to the UK-connected cryptoasset service provider.</p></content></subsection><subsection><num>(6)</num><intro><p>Where the crypto wallet in which the cryptoassets are held is administered on behalf of someone other than the person against whom the confiscation order is made, a magistrates’ court—</p></intro><level class="para1"><num>(a)</num><content><p>may make an order under subsection (3) only if the extent of the person’s interest in the money has been determined under section 160A, and</p></content></level><level class="para1"><num>(b)</num><content><p>must have regard to that determination in deciding what is the appropriate order to make.</p></content></level></subsection><subsection><num>(7)</num><intro><p>If a UK-connected cryptoasset service provider fails to comply with an order under subsection (3)—</p></intro><level class="para1"><num>(a)</num><content><p>the magistrates’ court may order it to pay an amount not exceeding £5,000, and</p></content></level><level class="para1"><num>(b)</num><content><p>for the purposes of the Magistrates’ Courts (Northern Ireland) Order 1981 (<ref eId="c00044" href="http://www.legislation.gov.uk/id/nisi/1981/1675">S.I. 1981/1675 (N.I. 26)</ref>) the sum is to be treated as adjudged to be paid by a conviction of the court.</p></content></level></subsection><subsection><num>(8)</num><content><p>In order to take account of changes in the value of money the Department of Justice in Northern Ireland may by order substitute another sum for the sum for the time being specified in subsection (7)(a).</p></content></subsection><subsection><num>(9)</num><intro><p>Where a UK-connected cryptoasset service provider—</p></intro><level class="para1"><num>(a)</num><content><p>is required by an order under subsection (3) to realise a portion of cryptoassets having a specified value, but</p></content></level><level class="para1"><num>(b)</num><content><p>on realising cryptoassets under the order, obtains proceeds of an amount which differs from that value,</p></content></level><wrapUp><p>it does not fail to comply with the order solely because of that difference in value, provided that it took reasonable steps to obtain proceeds equal to the value specified.</p></wrapUp></subsection></section><section><num>215ZB</num><heading>Meaning of “UK-connected cryptoasset service provider”</heading><subsection><num>(1)</num><intro><p>“UK-connected cryptoasset service provider” in section 215ZA means a cryptoasset service provider which—</p></intro><level class="para1"><num>(a)</num><content><p>is acting in the course of business carried on by it in the United Kingdom,</p></content></level><level class="para1"><num>(b)</num><content><p>has terms and conditions with the persons to whom it provides services which provide for a legal dispute to be litigated in the courts of a part of the United Kingdom,</p></content></level><level class="para1"><num>(c)</num><content><p>holds in the United Kingdom any data relating to the persons to whom it provides services, or</p></content></level><level class="para1"><num>(d)</num><content><p>meets the condition in subsection (2).</p></content></level></subsection><subsection><num>(2)</num><intro><p>The condition in this subsection is that—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider has its registered office or, if it does not have one, its head office in the United Kingdom, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in the United Kingdom.</p></content></level></subsection><subsection><num>(3)</num><intro><p>“Cryptoasset service provider” in subsections (1) and (2) includes a cryptoasset exchange provider and a custodian wallet provider; and for this purpose—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para1"><num>(a)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets;</p></content></level><level class="para1"><num>(b)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another;</p></content></level><level class="para1"><num>(c)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para1"><num>(b)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets.</p></content></level></hcontainer></subsection><subsection><num>(4)</num><content><p>In the definition of “cryptoasset exchange provider” in subsection (3), “<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, a cryptoasset.</p></content></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions in subsection (3) (including by amending subsection (4)).</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State must consult the Department of Justice in Northern Ireland before making regulations under subsection (5).</p></content></subsection></section></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-49" class="schProv1"><num>49</num><content><p><mod>After section 215A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>215AA</num><heading>Destruction of seized cryptoassets</heading><subsection><num>(1)</num><content><p>This section applies to cryptoassets which are held by a person and which have been seized by an appropriate officer under a relevant seizure power.</p></content></subsection><subsection><num>(2)</num><intro><p>A magistrates’ court may by order authorise an appropriate officer to destroy the cryptoassets if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against the person by whom the cryptoassets are held,</p></content></level><level class="para1"><num>(b)</num><content><p>a receiver has not been appointed under section 198 in relation to the cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>it is not reasonably practicable to realise the cryptoassets, or</p></content></level><level class="para2"><num>(ii)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></level></subsection><subsection><num>(3)</num><intro><p>An order under this section—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the court’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may authorise the destruction of cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(4)</num><content><p>Before making an order under this section, the court must give persons who hold interests in the cryptoassets a reasonable opportunity to make representations to it.</p></content></subsection><subsection><num>(5)</num><content><p>If cryptoassets held by a person are destroyed following an order under this section, the person is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-appropriate-officer">appropriate officer</term>” and “<term refersTo="#term-relevant-seizure-power">relevant seizure power</term>” have the same meaning as in section 190A.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-8-paragraph-50" class="schProv1"><num>50</num><subparagraph eId="schedule-8-paragraph-50-1"><num>(1)</num><content><p>Section 215C (sections 215A and 215B: appeals) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-50-2"><num>(2)</num><content><p><mod>In subsection (1), for “215A” substitute <quotedText>“215ZA(3), 215A(3) or 215AA(2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-50-3"><num>(3)</num><content><p><mod>In subsection (2), for “215A” substitute <quotedText>“215ZA(3), 215A(3) or 215AA(2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-50-4"><num>(4)</num><content><p><mod>In subsection (3), for “215A(2)(a)” substitute <quotedText>“215ZA(2)(a), 215A(2)(a) or 215AA(2)(a) (as applicable)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-50-5"><num>(5)</num><content><p><mod>In the heading, for “215A and” substitute <quotedText>“215ZA to”</quotedText>.</mod></p></content></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-8-paragraph-51" class="schProv1"><num>51</num><content><p><mod>In section 215D (proceeds of realisation), in subsection (1)(b), after “section” insert <quotedText>“215ZA or”</quotedText>.</mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-8-paragraph-52" class="schProv1"><num>52</num><content><p><mod>For the italic heading before section 215, substitute <quotedText>“Enforcement: money, cryptoassets and personal property”</quotedText>.</mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-53" class="schProv1"><num>53</num><content><p><mod>In section 217 (powers of court and receiver etc), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>Subsection (2)(a) does not apply to—</p></intro><level class="para1"><num>(a)</num><content><p>the power conferred on a court by paragraph (e) of section 199(2) (which enables the court to give a receiver the power to destroy cryptoassets),</p></content></level><level class="para1"><num>(b)</num><content><p>a power conferred on a receiver by virtue of that paragraph, or</p></content></level><level class="para1"><num>(c)</num><content><p>the power conferred on a magistrates’ court by section 215AA (power to order destruction of cryptoassets).</p></content></level></subsection></quotedStructure></mod></p></content></paragraph>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-removal-of-option-to-authenticate-application-by-signature"><heading>Removal of option to authenticate application by signature</heading><section eId="section-121"><num>121</num><heading>Removal of option to authenticate application by signature</heading><subsection eId="section-121-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-121-2"><num>(2)</num><content><p>In section 8A (application for registration), in subsection (1), in paragraph (c), omit “signed or otherwise”.</p></content></subsection><subsection eId="section-121-3"><num>(3)</num><content><p>In section 8D (application for designation as a private fund limited partnership), in subsection (2), in paragraph (e), omit “signed or otherwise”.</p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-121"><num>121</num><heading>Removal of option to authenticate application by signature</heading><subsection eId="section-121-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-121-2"><num>(2)</num><content><p>In section 8A (application for registration), in subsection (1), in paragraph (c), omit “signed or otherwise”.</p></content></subsection><subsection eId="section-121-3"><num>(3)</num><content><p>In section 8D (application for designation as a private fund limited partnership), in subsection (2), in paragraph (e), omit “signed or otherwise”.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-121-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-121-2"><num>(2)</num><content><p>In section 8A (application for registration), in subsection (1), in paragraph (c), omit “signed or otherwise”.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-121-3"><num>(3)</num><content><p>In section 8D (application for designation as a private fund limited partnership), in subsection (2), in paragraph (e), omit “signed or otherwise”.</p></content></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-changes-in-partnerships"><heading>Changes in partnerships</heading><section eId="section-122"><num>122</num><heading>Notification of information about partners</heading><content><p><mod>After section 8Q of the Limited Partnerships Act 1907 (inserted by section 119 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Notification of information about partners</heading><section eId="d28e18071"><num>8R</num><heading>Duty to notify registrar of change in partners</heading><subsection eId="d28e18075"><num>(1)</num><intro><p>The general partners in a limited partnership must give notice to the registrar if a person—</p></intro><level class="para1" eId="d28e18081"><num>(a)</num><content><p>becomes a general partner or limited partner in the limited partnership, or</p></content></level><level class="para1"><num>(b)</num><content><p>ceases to be a general partner or limited partner in the limited partnership.</p></content></level></subsection><subsection eId="d28e18093"><num>(2)</num><content><p>A notice under subsection <ref href="#d28e18081">(1)(a)</ref> must contain the required information about the general partner or limited partner (see Part 2 of the Schedule).</p></content></subsection><subsection eId="d28e18102"><num>(3)</num><content><p>A notice under subsection <ref href="#d28e18081">(1)(a)</ref> of a person becoming a general partner must contain a statement that the new general partner is not disqualified under the directors disqualification legislation (see section <ref href="#d28e16943">8J</ref>(3)).</p></content></subsection><subsection eId="d28e18114"><num>(4)</num><content><p>A notice under subsection <ref href="#d28e18081">(1)(a)</ref> of a legal entity becoming a general partner must be accompanied by a statement by the general partner specifying the name of its proposed registered officer, who must be an individual who meets the requirements in section <ref href="#d28e17226">8K</ref>(1)(a) to (c).</p></content></subsection><subsection eId="d28e18126"><num>(5)</num><intro><p>A notice under subsection <ref href="#d28e18081">(1)(a)</ref> of a legal entity becoming a general partner must be accompanied by one of the following statements by the general partner—</p></intro><level class="para1"><num>(a)</num><content><p>a statement that the general partner does not have any corporate managing officers, or</p></content></level><level class="para1" eId="d28e18141"><num>(b)</num><content><p>if the general partner has one or more corporate managing officers, a statement specifying, for each corporate managing officer, the name of the proposed named contact for the corporate managing officer.</p></content></level></subsection><subsection><num>(6)</num><content><p>The proposed named contact for a corporate managing officer must be an individual who is a managing officer of the corporate managing officer.</p></content></subsection><subsection eId="d28e18153"><num>(7)</num><intro><p>A statement under subsection <ref href="#d28e18114">(4)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>contain the required information about the proposed registered officer (see Part 3 of the Schedule), and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by the individual who is the proposed registered officer confirming that the individual meets the requirements in section <ref href="#d28e17226">8K</ref><ref href="#d28e17236">(1)(a)</ref> to <ref href="#d28e17251">(1)(c)</ref>.</p></content></level></subsection><subsection eId="d28e18182"><num>(8)</num><intro><p>A statement under subsection <ref href="#d28e18141">(5)(b)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>contain the required information about each proposed named contact specified in the statement (see Part 4 of the Schedule), and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by each proposed named contact confirming that the proposed named contact is a managing officer of the corporate managing officer concerned.</p></content></level></subsection><subsection><num>(9)</num><content><p>Subsection <ref href="#d28e18081">(1)(a)</ref> does not require the general partners, on registration of the limited partnership, to give notice in relation to a person named as a proposed general partner or a proposed limited partner in the application for registration under section 8A.</p></content></subsection><subsection><num>(10)</num><content><p>A notice under subsection <ref href="#d28e18075">(1)</ref> must specify the date on which the person became or ceased to be a general partner or limited partner in the limited partnership.</p></content></subsection><subsection eId="d28e18221"><num>(11)</num><content><p>A notice under subsection <ref href="#d28e18075">(1)</ref> must be given within the period of 14 days beginning with the day on which the person becomes or ceases to be a general partner or a limited partner.</p></content></subsection></section><section eId="d28e18233"><num>8S</num><heading>Duty to notify registrar of changes of information about partners</heading><subsection eId="d28e18237"><num>(1)</num><content><p>The general partners in a limited partnership must give notice to the registrar of any change in the required information about a partner (see Part 2 of the Schedule).</p></content></subsection><subsection eId="d28e18243"><num>(2)</num><content><p>The general partners in a limited partnership that is not a private fund limited partnership must give notice to the registrar of any change to the sum contributed by any limited partner.</p></content></subsection><subsection eId="d28e18249"><num>(3)</num><content><p>The general partners in a private fund limited partnership that was registered as a limited partnership before 6th April 2017 must give notice to the registrar of any withdrawal by a limited partner of the partner’s contribution which has the effect that the amount of the partner’s contribution is less than it was on the date on which the limited partnership was designated as a private fund limited partnership.</p></content></subsection><subsection><num>(4)</num><content><p>A notice under this section must specify the date on which the change to which it relates occurred.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection></section><section eId="d28e18270"><num>8T</num><heading>Notification of changes occurring before registration</heading><subsection eId="d28e18274"><num>(1)</num><content><p>The general partners in a limited partnership must give notice to the registrar if a person named as a proposed general partner or a proposed limited partner in the application for registration under section 8A did not become a general partner or limited partner on registration of the limited partnership.</p></content></subsection><subsection eId="d28e18280"><num>(2)</num><intro><p>The general partners in a limited partnership must give notice to the registrar of any change in the required information about a proposed general partner or a proposed limited partner (see Part 2 of the Schedule) that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for the limited partnership’s registration under section 8A was delivered to the registrar, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the limited partnership was registered.</p></content></level></subsection><subsection><num>(3)</num><content><p>A notice under subsection <ref href="#d28e18280">(2)</ref> must specify the date on which the change occurred.</p></content></subsection><subsection><num>(4)</num><content><p>But the general partners are not required to give notice under subsection <ref href="#d28e18280">(2)</ref> in respect of a person if they give notice under subsection <ref href="#d28e18274">(1)</ref> in respect of the person.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the limited partnership was registered.</p></content></subsection></section><section><num>8U</num><heading>Failure to notify information about partners</heading><subsection><num>(1)</num><content><p>If the general partners fail to comply with section <ref href="#d28e18071">8R</ref>, <ref href="#d28e18233">8S</ref> or <ref href="#d28e18270">8T</ref> an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(2)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(3)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(5)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection></section><section><num>8V</num><heading>Prohibition on acting unless general partner notified</heading><subsection><num>(1)</num><intro><p>This section applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a person has become a general partner in a limited partnership otherwise than on its registration, and</p></content></level><level class="para1"><num>(b)</num><content><p>notice under section <ref href="#d28e18071">8R</ref> of the person having done so has not been given within the period mentioned in subsection <ref href="#d28e18221">(11)</ref> of that section.</p></content></level></subsection><subsection eId="d28e18429"><num>(2)</num><content><p>The general partner may not take part in the management of the partnership business until notice is given under section <ref href="#d28e18071">8R</ref>.</p></content></subsection><subsection><num>(3)</num><intro><p>If a general partner contravenes subsection <ref href="#d28e18429">(2)</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the general partner, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the general partner is a legal entity, any of its managing officers who is in default.</p></content></level></subsection><subsection><num>(4)</num><content><p>But it is a defence for a person charged with an offence under this section to prove that they reasonably believed that notice had been given under section <ref href="#d28e18071">8R</ref>.</p></content></subsection><subsection><num>(5)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(6)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e18495"><num>(7)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(8)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e18495">(7)</ref>).</p></content></subsection><subsection><num>(9)</num><content><p>The only consequence of contravening subsection <ref href="#d28e18429">(2)</ref> is the offence provided for by this section (so that, for example, a contravention does not in any way affect the validity of the general partner’s actions).</p></content></subsection><subsection><num>(10)</num><content><p>Nothing in this section shall affect the liability of the general partner for all debts and obligations of the firm.</p></content></subsection></section><section><num>8W</num><heading>Regulations about change of general partner’s address by registrar</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to—</p></intro><level class="para1"><num>(a)</num><content><p>change a registered service address of a general partner in a limited partnership if satisfied that the address does not meet the requirements of section 1141(1) and (2) of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><content><p>change the address registered as the principal office of a general partner in a limited partnership if satisfied that the address is not in fact their principal office.</p></content></level></subsection><subsection><num>(2)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-address-registered-as-the-principal-office">address registered as the principal office</term>”, in relation to a general partner, means the address for the time being shown in the register as the address of the general partner’s current principal office;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-service-address">registered service address</term>”, in relation to a general partner, means the address for the time being shown in the register as the general partner’s current service address.</p></content></hcontainer></subsection><subsection><num>(3)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection><subsection><num>(4)</num><intro><p>The regulations—</p></intro><level class="para1"><num>(a)</num><content><p>may include provision corresponding or similar to any provision that may be included in regulations under section 1097B of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><intro><p>must include—</p></intro><level class="para2"><num>(i)</num><content><p>provision about appeals corresponding to the provision that must be included in regulations under section 1097B by virtue of subsections (7) and (8) of that section;</p></content></level><level class="para2"><num>(ii)</num><content><p>provision corresponding to subsection (9) of that section.</p></content></level></level></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section><section eId="section-123"><num>123</num><heading>New partners: transitional provision about required information</heading><subsection eId="section-123-1"><num>(1)</num><intro><p>This section applies in relation to a person who—</p></intro><level class="para1" eId="section-123-1-a"><num>(a)</num><content><p>is a partner in a limited partnership, and</p></content></level><level class="para1" eId="section-123-1-b"><num>(b)</num><content><p>became a partner in the limited partnership before section 122 came fully into force,</p></content></level><wrapUp><p>other than a person who became a partner in the limited partnership on its registration.</p></wrapUp></subsection><subsection eId="section-123-2"><num>(2)</num><content><p>The general partners in the limited partnership must, within the transitional period, deliver a statement to the registrar specifying the required information about the partner (within the meaning of the Schedule to the Limited Partnerships Act 1907 (inserted by Schedule 4 to this Act)).</p></content></subsection><subsection eId="section-123-3"><num>(3)</num><intro><p>If a change in the required information about the partner occurs before whichever is earlier of—</p></intro><level class="para1" eId="section-123-3-a"><num>(a)</num><content><p>the end of the transitional period, and</p></content></level><level class="para1" eId="section-123-3-b"><num>(b)</num><content><p>the delivery of the statement mentioned in subsection <ref href="#section-123-2">(2)</ref>,</p></content></level><wrapUp><p>the general partners in the limited partnership are not required by the provisions mentioned in subsection <ref href="#section-123-4">(4)</ref> to give notice to the registrar of the change, unless it is a change to the partner’s name.</p></wrapUp></subsection><subsection eId="section-123-4"><num>(4)</num><intro><p>The provisions are—</p></intro><level class="para1" eId="section-123-4-a"><num>(a)</num><content><p>section 8S(1) of the Limited Partnerships Act 1907 (inserted by section 122 of this Act), and</p></content></level><level class="para1" eId="section-123-4-b"><num>(b)</num><content><p>so far as it relates to section 8S(1) of the Limited Partnerships Act 1907, section <ref href="#d28e19194">10D</ref><ref href="#d28e19213">(2)(a)</ref> of that Act (inserted by section 126 of this Act).</p></content></level></subsection><subsection eId="section-123-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 122 came fully into force.</p></content></hcontainer></subsection><subsection eId="section-123-6"><num>(6)</num><content><p>Failure by the general partners in a limited partnership to comply with subsection <ref href="#section-123-2">(2)</ref> is, in the absence of any evidence to the contrary, to be treated by the registrar as reasonable cause to believe that the limited partnership has been dissolved for the purposes of section <ref href="#d28e21741">19</ref> of the Limited Partnerships Act 1907 (registrar’s power to confirm dissolution of limited partnership) (inserted by section 141 of this Act).</p></content></subsection><subsection eId="section-123-7"><num>(7)</num><content><p>Where the registrar proposes to rely on a failure by the general partners in the limited partnership to comply with subsection <ref href="#section-123-2">(2)</ref> as grounds for exercising the power in section <ref href="#d28e21741">19</ref> of the Limited Partnerships Act 1907, subsections <ref href="#section-141-2">(2)</ref> to <ref href="#section-141-4">(4)</ref> of that section (publication of warning notice) do not apply.</p></content></subsection></section><section eId="section-124"><num>124</num><heading>New general partners: transitional provision about officers</heading><subsection eId="section-124-1"><num>(1)</num><intro><p>This section applies in relation to a general partner that—</p></intro><level class="para1" eId="section-124-1-a"><num>(a)</num><content><p>is a legal entity, and</p></content></level><level class="para1" eId="section-124-1-b"><num>(b)</num><content><p>became a general partner before section 122 came fully into force,</p></content></level><wrapUp><p>other than a legal entity that became a general partner in a limited partnership on its registration.</p></wrapUp></subsection><subsection eId="section-124-2"><num>(2)</num><intro><p>The general partner must, within the transitional period, deliver to the registrar—</p></intro><level class="para1" eId="section-124-2-a"><num>(a)</num><content><p>a statement of the kind mentioned in section 8R(4) of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8R(7) of that Act (both inserted by section 122 of this Act), and</p></content></level><level class="para1" eId="section-124-2-b"><num>(b)</num><intro><p>either a statement—</p></intro><level class="para2" eId="section-124-2-b-i"><num>(i)</num><content><p>that the general partner does not have any corporate managing officers, or</p></content></level><level class="para2" eId="section-124-2-b-ii"><num>(ii)</num><content><p>if the general partner has one or more corporate managing officers, a statement of the kind mentioned in section 8R(5)(b) of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8R(8) of that Act (both inserted by section 122 of this Act).</p></content></level></level></subsection><subsection eId="section-124-3"><num>(3)</num><intro><p>The general partner is not required by the provisions mentioned in subsection <ref href="#section-124-4">(4)</ref> to give notice to the registrar if a legal entity becomes a corporate managing officer of the general partner before whichever is earlier of—</p></intro><level class="para1" eId="section-124-3-a"><num>(a)</num><content><p>the end of the transitional period, and</p></content></level><level class="para1" eId="section-124-3-b"><num>(b)</num><content><p>the delivery of the statement mentioned in subsection <ref href="#section-124-2-b">(2)(b)</ref>.</p></content></level></subsection><subsection eId="section-124-4"><num>(4)</num><intro><p>The provisions are—</p></intro><level class="para1" eId="section-124-4-a"><num>(a)</num><content><p>section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref> of the Limited Partnerships Act 1907 (inserted by section 119 of this Act), and</p></content></level><level class="para1" eId="section-124-4-b"><num>(b)</num><content><p>so far as it relates to section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref> of the Limited Partnerships Act 1907, section <ref href="#d28e19194">10D</ref><ref href="#d28e19213">(2)(a)</ref> of that Act (inserted by section 126 of this Act).</p></content></level></subsection><subsection eId="section-124-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 122 came fully into force.</p></content></hcontainer></subsection></section><section eId="section-125"><num>125</num><heading>Notification of other changes</heading><subsection eId="section-125-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-125-2"><num>(2)</num><content><p><mod>In section 8A (application for registration), in subsection (2), for paragraph (a) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(a)</num><content><p>the intended general nature of the limited partnership’s business,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-125-3"><num>(3)</num><content><p>Omit section 9 (registration of changes in partnerships).</p></content></subsection><subsection eId="section-125-4"><num>(4)</num><content><p><mod>After section 10 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Notification of other changes in partnerships</heading><section eId="d28e18931"><num>10A</num><heading>Duty to notify registrar of other changes in partnerships</heading><subsection><num>(1)</num><content><p>The general partners in a limited partnership must give notice to the registrar of any change mentioned in subsection <ref href="#d28e18944">(2)</ref>.</p></content></subsection><subsection eId="d28e18944"><num>(2)</num><intro><p>The changes are—</p></intro><level class="para1"><num>(a)</num><intro><p>in the case of any limited partnership, changes to—</p></intro><level class="para2"><num>(i)</num><content><p>the firm name, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the address of the principal place of business of the limited partnership;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>in the case of a limited partnership that is not a private fund limited partnership, changes to—</p></intro><level class="para2" eId="d28e18974"><num>(i)</num><content><p>the general nature of the limited partnership’s business, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the term or character of the limited partnership.</p></content></level></level></subsection><subsection><num>(3)</num><content><p>The notice must specify the date on which the change occurred.</p></content></subsection><subsection eId="d28e18992"><num>(4)</num><content><p>A notice under subsection <ref href="#d28e18974">(2)(b)(i)</ref> may specify the change to the general nature of the partnership business by reference to one or more categories of any system of classifying business activities prescribed by regulations made by the Secretary of State under section 8A<ref href="#d28e15868">(2A)</ref>.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection></section><section eId="d28e19013"><num>10B</num><heading>Notification of other changes occurring before registration</heading><subsection eId="d28e19017"><num>(1)</num><content><p>The general partners in a limited partnership must give notice to the registrar if, on registration of the limited partnership, the address of the principal place of business of the limited partnership is different to that contained in the application for registration under section 8A.</p></content></subsection><subsection eId="d28e19023"><num>(2)</num><intro><p>The general partners in a limited partnership that is not a private fund limited partnership must give notice to the registrar if, on registration of the limited partnership, any of the following details are different to those contained in the application for registration under section 8A—</p></intro><level class="para1" eId="d28e19029"><num>(a)</num><content><p>the general nature of the limited partnership’s business,</p></content></level><level class="para1" eId="d28e19035"><num>(b)</num><content><p>the term of the limited partnership,</p></content></level><level class="para1" eId="d28e19041"><num>(c)</num><content><p>the amount of the capital contribution of a limited partner, or</p></content></level><level class="para1" eId="d28e19047"><num>(d)</num><content><p>the form of the capital contribution of a limited partner.</p></content></level></subsection><subsection><num>(3)</num><content><p>A notice under subsection <ref href="#d28e19017">(1)</ref> must specify the address of the principal place of business of the limited partnership.</p></content></subsection><subsection><num>(4)</num><intro><p>A notice under subsection <ref href="#d28e19029">(2)(a)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>must specify the general nature of the limited partnership’s business, and</p></content></level><level class="para1"><num>(b)</num><content><p>may do so by reference to one or more categories of any system of classifying business activities prescribed by regulations made by the Secretary of State under section 8A<ref href="#d28e15868">(2A)</ref>.</p></content></level></subsection><subsection><num>(5)</num><content><p>A notice under subsection <ref href="#d28e19035">(2)(b)</ref>, <ref href="#d28e19041">(c)</ref> or <ref href="#d28e19047">(d)</ref> must specify the details mentioned in the paragraph under which the notice is given.</p></content></subsection><subsection><num>(6)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the limited partnership was registered.</p></content></subsection></section><section><num>10C</num><heading>Failure to notify other changes in partnerships</heading><subsection><num>(1)</num><content><p>If the general partners fail to comply with section <ref href="#d28e18931">10A</ref> or <ref href="#d28e19013">10B</ref> an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(2)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(3)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity who is in default also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(5)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section><section eId="section-126"><num>126</num><heading>Confirmation statements</heading><content><p><mod>After section 10C of the Limited Partnerships Act 1907 (inserted by section 125 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Confirmation statements</heading><section eId="d28e19194"><num>10D</num><heading>Duty to deliver confirmation statements</heading><subsection eId="d28e19198"><num>(1)</num><content><p>The general partners in a limited partnership must, within the period of 14 days after each review period, deliver to the registrar a statement (a “confirmation statement”) confirming that any information required by subsection <ref href="#d28e19207">(2)</ref> is being delivered at the same time as the confirmation statement.</p></content></subsection><subsection eId="d28e19207"><num>(2)</num><intro><p>The information that must be delivered at the same time as the confirmation statement is—</p></intro><level class="para1" eId="d28e19213"><num>(a)</num><content><p>a notice of any notifiable change in respect of which a notice under section <ref href="#d28e17567">8N</ref>, 8R, 8S or <ref href="#d28e18931">10A</ref> has not been delivered,</p></content></level><level class="para1" eId="d28e19225"><num>(b)</num><intro><p>a notice under section <ref href="#d28e16160">8F</ref> if—</p></intro><level class="para2"><num>(i)</num><content><p>the limited partnership’s registered office is not at an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref> when the confirmation statement is made, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the limited partnership has not given a notice under section <ref href="#d28e16160">8F</ref> that is awaiting registration by the registrar,</p></content></level></level><level class="para1" eId="d28e19254"><num>(c)</num><intro><p>a notice under section <ref href="#d28e16700">8I</ref> if—</p></intro><level class="para2"><num>(i)</num><content><p>the limited partnership’s registered email address is not at an appropriate email address within the meaning given by section <ref href="#d28e16624">8H</ref><ref href="#d28e16634">(2)</ref> when the confirmation statement is made, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the limited partnership has not given a notice under section <ref href="#d28e16700">8I</ref> that is awaiting registration by the registrar,</p></content></level></level><level class="para1"><num>(d)</num><intro><p>a notice under section <ref href="#d28e17421">8L</ref><ref href="#d28e17425">(1)</ref> by each general partner that—</p></intro><level class="para2"><num>(i)</num><content><p>is a legal entity,</p></content></level><level class="para2"><num>(ii)</num><content><p>has a registered officer who does not meet the requirements in section <ref href="#d28e17226">8K</ref><ref href="#d28e17236">(1)(a)</ref> to <ref href="#d28e17251">(c)</ref>, and</p></content></level><level class="para2"><num>(iii)</num><content><p>has not given a notice under section <ref href="#d28e17421">8L</ref><ref href="#d28e17425">(1)</ref> that is awaiting registration by the registrar, and</p></content></level></level><level class="para1"><num>(e)</num><intro><p>if any general partner that is a legal entity has one or more corporate managing officers—</p></intro><level class="para2"><num>(i)</num><content><p>for which the named contact is not an individual who is a managing officer of the corporate managing officer, and</p></content></level><level class="para2"><num>(ii)</num><content><p>in respect of which the general partner has not given a notice under section <ref href="#d28e17421">8L</ref><ref href="#d28e17436">(2)</ref> that is awaiting registration by the registrar,</p></content></level><wrapUp><p>a notice under section <ref href="#d28e17421">8L</ref><ref href="#d28e17436">(2)</ref> by each such general partner in respect of each such corporate managing officer.</p></wrapUp></level></subsection><subsection eId="d28e19355"><num>(3)</num><intro><p>For the purposes of this section, each of the following is a review period—</p></intro><level class="para1" eId="d28e19361"><num>(a)</num><intro><p>where the limited partnership was registered before this section comes fully into force, the period—</p></intro><level class="para2"><num>(i)</num><content><p>beginning with the date of the limited partnership’s registration, and</p></content></level><level class="para2"><num>(ii)</num><content><p>ending with the period of 6 months beginning when this section comes fully into force;</p></content></level></level><level class="para1" eId="d28e19379"><num>(b)</num><content><p>where the limited partnership was registered after this section comes fully into force, the period of 12 months beginning with the date of the limited partnership’s registration;</p></content></level><level class="para1"><num>(c)</num><content><p>each period of 12 months beginning with the day after the end of the previous review period.</p></content></level></subsection><subsection><num>(4)</num><intro><p>But a review period may be shortened by the general partners—</p></intro><level class="para1"><num>(a)</num><content><p>notifying the registrar of the shortened review period, and</p></content></level><level class="para1"><num>(b)</num><content><p>delivering the confirmation statement within the period of 14 days after that shortened review period.</p></content></level></subsection><subsection><num>(5)</num><content><p>For the purpose of making a confirmation statement, the general partners in a limited partnership are entitled to assume that information that has been delivered to the registrar has been properly delivered unless the registrar has notified the limited partnership otherwise.</p></content></subsection><subsection><num>(6)</num><content><p>In this section a “<term refersTo="#term-notifiable-change">notifiable change</term>” means a change mentioned in section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref>, 8R(1), 8S(1) to (3) or <ref href="#d28e18931">10A</ref><ref href="#d28e18944">(2)</ref> that occurred during the review period.</p></content></subsection></section><section><num>10E</num><heading>Power to amend matters to be confirmed in confirmation statement</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make further provision about the matters that must be confirmed in a confirmation statement delivered under section <ref href="#d28e19194">10D</ref><ref href="#d28e19198">(1)</ref>.</p></content></subsection><subsection><num>(2)</num><intro><p>The regulations may—</p></intro><level class="para1"><num>(a)</num><content><p>amend or repeal the provisions of section <ref href="#d28e19194">10D</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>provide for exceptions from the requirements of that section as it has effect from time to time.</p></content></level></subsection><subsection><num>(3)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section><section><num>10F</num><heading>Failure to deliver confirmation statement</heading><subsection eId="d28e19486"><num>(1)</num><content><p>If the general partners fail to comply with section <ref href="#d28e19194">10D</ref><ref href="#d28e19198">(1)</ref> an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(2)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(3)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(5)</num><content><p>The contravention continues until such time as the general partners have delivered the statement required by section <ref href="#d28e19194">10D</ref><ref href="#d28e19198">(1)</ref>.</p></content></subsection><subsection><num>(6)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section><section eId="section-127"><num>127</num><heading>Confirmation statements: Scottish partnerships</heading><content><p><mod>In regulation 37 of the Scottish Partnerships (Register of People with Significant Control) Regulations 2017 (<ref eId="c00014" href="http://www.legislation.gov.uk/id/uksi/2017/694">S.I. 2017/694</ref>) (review period), for paragraphs (4) and (5) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="double"><paragraph><num>(4)</num><content><p>For the purpose of making a confirmation statement, an eligible Scottish partnership is entitled to assume that information that has been delivered to the registrar has been properly delivered unless the registrar has notified the eligible Scottish partnership otherwise.</p></content></paragraph></quotedStructure></mod></p></content></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-122"><num>122</num><heading>Notification of information about partners</heading><content><p><mod>After section 8Q of the Limited Partnerships Act 1907 (inserted by section 119 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Notification of information about partners</heading><section eId="d28e18071"><num>8R</num><heading>Duty to notify registrar of change in partners</heading><subsection eId="d28e18075"><num>(1)</num><intro><p>The general partners in a limited partnership must give notice to the registrar if a person—</p></intro><level class="para1" eId="d28e18081"><num>(a)</num><content><p>becomes a general partner or limited partner in the limited partnership, or</p></content></level><level class="para1"><num>(b)</num><content><p>ceases to be a general partner or limited partner in the limited partnership.</p></content></level></subsection><subsection eId="d28e18093"><num>(2)</num><content><p>A notice under subsection <ref href="#d28e18081">(1)(a)</ref> must contain the required information about the general partner or limited partner (see Part 2 of the Schedule).</p></content></subsection><subsection eId="d28e18102"><num>(3)</num><content><p>A notice under subsection <ref href="#d28e18081">(1)(a)</ref> of a person becoming a general partner must contain a statement that the new general partner is not disqualified under the directors disqualification legislation (see section <ref href="#d28e16943">8J</ref>(3)).</p></content></subsection><subsection eId="d28e18114"><num>(4)</num><content><p>A notice under subsection <ref href="#d28e18081">(1)(a)</ref> of a legal entity becoming a general partner must be accompanied by a statement by the general partner specifying the name of its proposed registered officer, who must be an individual who meets the requirements in section <ref href="#d28e17226">8K</ref>(1)(a) to (c).</p></content></subsection><subsection eId="d28e18126"><num>(5)</num><intro><p>A notice under subsection <ref href="#d28e18081">(1)(a)</ref> of a legal entity becoming a general partner must be accompanied by one of the following statements by the general partner—</p></intro><level class="para1"><num>(a)</num><content><p>a statement that the general partner does not have any corporate managing officers, or</p></content></level><level class="para1" eId="d28e18141"><num>(b)</num><content><p>if the general partner has one or more corporate managing officers, a statement specifying, for each corporate managing officer, the name of the proposed named contact for the corporate managing officer.</p></content></level></subsection><subsection><num>(6)</num><content><p>The proposed named contact for a corporate managing officer must be an individual who is a managing officer of the corporate managing officer.</p></content></subsection><subsection eId="d28e18153"><num>(7)</num><intro><p>A statement under subsection <ref href="#d28e18114">(4)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>contain the required information about the proposed registered officer (see Part 3 of the Schedule), and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by the individual who is the proposed registered officer confirming that the individual meets the requirements in section <ref href="#d28e17226">8K</ref><ref href="#d28e17236">(1)(a)</ref> to <ref href="#d28e17251">(1)(c)</ref>.</p></content></level></subsection><subsection eId="d28e18182"><num>(8)</num><intro><p>A statement under subsection <ref href="#d28e18141">(5)(b)</ref> must—</p></intro><level class="para1"><num>(a)</num><content><p>contain the required information about each proposed named contact specified in the statement (see Part 4 of the Schedule), and</p></content></level><level class="para1"><num>(b)</num><content><p>be accompanied by a statement by each proposed named contact confirming that the proposed named contact is a managing officer of the corporate managing officer concerned.</p></content></level></subsection><subsection><num>(9)</num><content><p>Subsection <ref href="#d28e18081">(1)(a)</ref> does not require the general partners, on registration of the limited partnership, to give notice in relation to a person named as a proposed general partner or a proposed limited partner in the application for registration under section 8A.</p></content></subsection><subsection><num>(10)</num><content><p>A notice under subsection <ref href="#d28e18075">(1)</ref> must specify the date on which the person became or ceased to be a general partner or limited partner in the limited partnership.</p></content></subsection><subsection eId="d28e18221"><num>(11)</num><content><p>A notice under subsection <ref href="#d28e18075">(1)</ref> must be given within the period of 14 days beginning with the day on which the person becomes or ceases to be a general partner or a limited partner.</p></content></subsection></section><section eId="d28e18233"><num>8S</num><heading>Duty to notify registrar of changes of information about partners</heading><subsection eId="d28e18237"><num>(1)</num><content><p>The general partners in a limited partnership must give notice to the registrar of any change in the required information about a partner (see Part 2 of the Schedule).</p></content></subsection><subsection eId="d28e18243"><num>(2)</num><content><p>The general partners in a limited partnership that is not a private fund limited partnership must give notice to the registrar of any change to the sum contributed by any limited partner.</p></content></subsection><subsection eId="d28e18249"><num>(3)</num><content><p>The general partners in a private fund limited partnership that was registered as a limited partnership before 6th April 2017 must give notice to the registrar of any withdrawal by a limited partner of the partner’s contribution which has the effect that the amount of the partner’s contribution is less than it was on the date on which the limited partnership was designated as a private fund limited partnership.</p></content></subsection><subsection><num>(4)</num><content><p>A notice under this section must specify the date on which the change to which it relates occurred.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection></section><section eId="d28e18270"><num>8T</num><heading>Notification of changes occurring before registration</heading><subsection eId="d28e18274"><num>(1)</num><content><p>The general partners in a limited partnership must give notice to the registrar if a person named as a proposed general partner or a proposed limited partner in the application for registration under section 8A did not become a general partner or limited partner on registration of the limited partnership.</p></content></subsection><subsection eId="d28e18280"><num>(2)</num><intro><p>The general partners in a limited partnership must give notice to the registrar of any change in the required information about a proposed general partner or a proposed limited partner (see Part 2 of the Schedule) that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for the limited partnership’s registration under section 8A was delivered to the registrar, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the limited partnership was registered.</p></content></level></subsection><subsection><num>(3)</num><content><p>A notice under subsection <ref href="#d28e18280">(2)</ref> must specify the date on which the change occurred.</p></content></subsection><subsection><num>(4)</num><content><p>But the general partners are not required to give notice under subsection <ref href="#d28e18280">(2)</ref> in respect of a person if they give notice under subsection <ref href="#d28e18274">(1)</ref> in respect of the person.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the limited partnership was registered.</p></content></subsection></section><section><num>8U</num><heading>Failure to notify information about partners</heading><subsection><num>(1)</num><content><p>If the general partners fail to comply with section <ref href="#d28e18071">8R</ref>, <ref href="#d28e18233">8S</ref> or <ref href="#d28e18270">8T</ref> an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(2)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(3)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(5)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection></section><section><num>8V</num><heading>Prohibition on acting unless general partner notified</heading><subsection><num>(1)</num><intro><p>This section applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a person has become a general partner in a limited partnership otherwise than on its registration, and</p></content></level><level class="para1"><num>(b)</num><content><p>notice under section <ref href="#d28e18071">8R</ref> of the person having done so has not been given within the period mentioned in subsection <ref href="#d28e18221">(11)</ref> of that section.</p></content></level></subsection><subsection eId="d28e18429"><num>(2)</num><content><p>The general partner may not take part in the management of the partnership business until notice is given under section <ref href="#d28e18071">8R</ref>.</p></content></subsection><subsection><num>(3)</num><intro><p>If a general partner contravenes subsection <ref href="#d28e18429">(2)</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the general partner, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the general partner is a legal entity, any of its managing officers who is in default.</p></content></level></subsection><subsection><num>(4)</num><content><p>But it is a defence for a person charged with an offence under this section to prove that they reasonably believed that notice had been given under section <ref href="#d28e18071">8R</ref>.</p></content></subsection><subsection><num>(5)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(6)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e18495"><num>(7)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(8)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e18495">(7)</ref>).</p></content></subsection><subsection><num>(9)</num><content><p>The only consequence of contravening subsection <ref href="#d28e18429">(2)</ref> is the offence provided for by this section (so that, for example, a contravention does not in any way affect the validity of the general partner’s actions).</p></content></subsection><subsection><num>(10)</num><content><p>Nothing in this section shall affect the liability of the general partner for all debts and obligations of the firm.</p></content></subsection></section><section><num>8W</num><heading>Regulations about change of general partner’s address by registrar</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations make provision authorising or requiring the registrar to—</p></intro><level class="para1"><num>(a)</num><content><p>change a registered service address of a general partner in a limited partnership if satisfied that the address does not meet the requirements of section 1141(1) and (2) of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><content><p>change the address registered as the principal office of a general partner in a limited partnership if satisfied that the address is not in fact their principal office.</p></content></level></subsection><subsection><num>(2)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-address-registered-as-the-principal-office">address registered as the principal office</term>”, in relation to a general partner, means the address for the time being shown in the register as the address of the general partner’s current principal office;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-service-address">registered service address</term>”, in relation to a general partner, means the address for the time being shown in the register as the general partner’s current service address.</p></content></hcontainer></subsection><subsection><num>(3)</num><content><p>The regulations may authorise or require the address to be changed on the registrar’s own motion or on an application by another person.</p></content></subsection><subsection><num>(4)</num><intro><p>The regulations—</p></intro><level class="para1"><num>(a)</num><content><p>may include provision corresponding or similar to any provision that may be included in regulations under section 1097B of the Companies Act 2006;</p></content></level><level class="para1"><num>(b)</num><intro><p>must include—</p></intro><level class="para2"><num>(i)</num><content><p>provision about appeals corresponding to the provision that must be included in regulations under section 1097B by virtue of subsections (7) and (8) of that section;</p></content></level><level class="para2"><num>(ii)</num><content><p>provision corresponding to subsection (9) of that section.</p></content></level></level></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-123"><num>123</num><heading>New partners: transitional provision about required information</heading><subsection eId="section-123-1"><num>(1)</num><intro><p>This section applies in relation to a person who—</p></intro><level class="para1" eId="section-123-1-a"><num>(a)</num><content><p>is a partner in a limited partnership, and</p></content></level><level class="para1" eId="section-123-1-b"><num>(b)</num><content><p>became a partner in the limited partnership before section 122 came fully into force,</p></content></level><wrapUp><p>other than a person who became a partner in the limited partnership on its registration.</p></wrapUp></subsection><subsection eId="section-123-2"><num>(2)</num><content><p>The general partners in the limited partnership must, within the transitional period, deliver a statement to the registrar specifying the required information about the partner (within the meaning of the Schedule to the Limited Partnerships Act 1907 (inserted by Schedule 4 to this Act)).</p></content></subsection><subsection eId="section-123-3"><num>(3)</num><intro><p>If a change in the required information about the partner occurs before whichever is earlier of—</p></intro><level class="para1" eId="section-123-3-a"><num>(a)</num><content><p>the end of the transitional period, and</p></content></level><level class="para1" eId="section-123-3-b"><num>(b)</num><content><p>the delivery of the statement mentioned in subsection <ref href="#section-123-2">(2)</ref>,</p></content></level><wrapUp><p>the general partners in the limited partnership are not required by the provisions mentioned in subsection <ref href="#section-123-4">(4)</ref> to give notice to the registrar of the change, unless it is a change to the partner’s name.</p></wrapUp></subsection><subsection eId="section-123-4"><num>(4)</num><intro><p>The provisions are—</p></intro><level class="para1" eId="section-123-4-a"><num>(a)</num><content><p>section 8S(1) of the Limited Partnerships Act 1907 (inserted by section 122 of this Act), and</p></content></level><level class="para1" eId="section-123-4-b"><num>(b)</num><content><p>so far as it relates to section 8S(1) of the Limited Partnerships Act 1907, section <ref href="#d28e19194">10D</ref><ref href="#d28e19213">(2)(a)</ref> of that Act (inserted by section 126 of this Act).</p></content></level></subsection><subsection eId="section-123-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 122 came fully into force.</p></content></hcontainer></subsection><subsection eId="section-123-6"><num>(6)</num><content><p>Failure by the general partners in a limited partnership to comply with subsection <ref href="#section-123-2">(2)</ref> is, in the absence of any evidence to the contrary, to be treated by the registrar as reasonable cause to believe that the limited partnership has been dissolved for the purposes of section <ref href="#d28e21741">19</ref> of the Limited Partnerships Act 1907 (registrar’s power to confirm dissolution of limited partnership) (inserted by section 141 of this Act).</p></content></subsection><subsection eId="section-123-7"><num>(7)</num><content><p>Where the registrar proposes to rely on a failure by the general partners in the limited partnership to comply with subsection <ref href="#section-123-2">(2)</ref> as grounds for exercising the power in section <ref href="#d28e21741">19</ref> of the Limited Partnerships Act 1907, subsections <ref href="#section-141-2">(2)</ref> to <ref href="#section-141-4">(4)</ref> of that section (publication of warning notice) do not apply.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-123-1"><num>(1)</num><intro><p>This section applies in relation to a person who—</p></intro><level class="para1" eId="section-123-1-a"><num>(a)</num><content><p>is a partner in a limited partnership, and</p></content></level><level class="para1" eId="section-123-1-b"><num>(b)</num><content><p>became a partner in the limited partnership before section 122 came fully into force,</p></content></level><wrapUp><p>other than a person who became a partner in the limited partnership on its registration.</p></wrapUp></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-123-1-a"><num>(a)</num><content><p>is a partner in a limited partnership, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-123-1-b"><num>(b)</num><content><p>became a partner in the limited partnership before section 122 came fully into force,</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-123-2"><num>(2)</num><content><p>The general partners in the limited partnership must, within the transitional period, deliver a statement to the registrar specifying the required information about the partner (within the meaning of the Schedule to the Limited Partnerships Act 1907 (inserted by Schedule 4 to this Act)).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-123-3"><num>(3)</num><intro><p>If a change in the required information about the partner occurs before whichever is earlier of—</p></intro><level class="para1" eId="section-123-3-a"><num>(a)</num><content><p>the end of the transitional period, and</p></content></level><level class="para1" eId="section-123-3-b"><num>(b)</num><content><p>the delivery of the statement mentioned in subsection <ref href="#section-123-2">(2)</ref>,</p></content></level><wrapUp><p>the general partners in the limited partnership are not required by the provisions mentioned in subsection <ref href="#section-123-4">(4)</ref> to give notice to the registrar of the change, unless it is a change to the partner’s name.</p></wrapUp></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-123-3-a"><num>(a)</num><content><p>the end of the transitional period, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-123-3-b"><num>(b)</num><content><p>the delivery of the statement mentioned in subsection <ref href="#section-123-2">(2)</ref>,</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-123-4"><num>(4)</num><intro><p>The provisions are—</p></intro><level class="para1" eId="section-123-4-a"><num>(a)</num><content><p>section 8S(1) of the Limited Partnerships Act 1907 (inserted by section 122 of this Act), and</p></content></level><level class="para1" eId="section-123-4-b"><num>(b)</num><content><p>so far as it relates to section 8S(1) of the Limited Partnerships Act 1907, section <ref href="#d28e19194">10D</ref><ref href="#d28e19213">(2)(a)</ref> of that Act (inserted by section 126 of this Act).</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-123-4-a"><num>(a)</num><content><p>section 8S(1) of the Limited Partnerships Act 1907 (inserted by section 122 of this Act), and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-123-4-b"><num>(b)</num><content><p>so far as it relates to section 8S(1) of the Limited Partnerships Act 1907, section <ref href="#d28e19194">10D</ref><ref href="#d28e19213">(2)(a)</ref> of that Act (inserted by section 126 of this Act).</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-123-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 122 came fully into force.</p></content></hcontainer></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-123-6"><num>(6)</num><content><p>Failure by the general partners in a limited partnership to comply with subsection <ref href="#section-123-2">(2)</ref> is, in the absence of any evidence to the contrary, to be treated by the registrar as reasonable cause to believe that the limited partnership has been dissolved for the purposes of section <ref href="#d28e21741">19</ref> of the Limited Partnerships Act 1907 (registrar’s power to confirm dissolution of limited partnership) (inserted by section 141 of this Act).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-123-7"><num>(7)</num><content><p>Where the registrar proposes to rely on a failure by the general partners in the limited partnership to comply with subsection <ref href="#section-123-2">(2)</ref> as grounds for exercising the power in section <ref href="#d28e21741">19</ref> of the Limited Partnerships Act 1907, subsections <ref href="#section-141-2">(2)</ref> to <ref href="#section-141-4">(4)</ref> of that section (publication of warning notice) do not apply.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-124"><num>124</num><heading>New general partners: transitional provision about officers</heading><subsection eId="section-124-1"><num>(1)</num><intro><p>This section applies in relation to a general partner that—</p></intro><level class="para1" eId="section-124-1-a"><num>(a)</num><content><p>is a legal entity, and</p></content></level><level class="para1" eId="section-124-1-b"><num>(b)</num><content><p>became a general partner before section 122 came fully into force,</p></content></level><wrapUp><p>other than a legal entity that became a general partner in a limited partnership on its registration.</p></wrapUp></subsection><subsection eId="section-124-2"><num>(2)</num><intro><p>The general partner must, within the transitional period, deliver to the registrar—</p></intro><level class="para1" eId="section-124-2-a"><num>(a)</num><content><p>a statement of the kind mentioned in section 8R(4) of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8R(7) of that Act (both inserted by section 122 of this Act), and</p></content></level><level class="para1" eId="section-124-2-b"><num>(b)</num><intro><p>either a statement—</p></intro><level class="para2" eId="section-124-2-b-i"><num>(i)</num><content><p>that the general partner does not have any corporate managing officers, or</p></content></level><level class="para2" eId="section-124-2-b-ii"><num>(ii)</num><content><p>if the general partner has one or more corporate managing officers, a statement of the kind mentioned in section 8R(5)(b) of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8R(8) of that Act (both inserted by section 122 of this Act).</p></content></level></level></subsection><subsection eId="section-124-3"><num>(3)</num><intro><p>The general partner is not required by the provisions mentioned in subsection <ref href="#section-124-4">(4)</ref> to give notice to the registrar if a legal entity becomes a corporate managing officer of the general partner before whichever is earlier of—</p></intro><level class="para1" eId="section-124-3-a"><num>(a)</num><content><p>the end of the transitional period, and</p></content></level><level class="para1" eId="section-124-3-b"><num>(b)</num><content><p>the delivery of the statement mentioned in subsection <ref href="#section-124-2-b">(2)(b)</ref>.</p></content></level></subsection><subsection eId="section-124-4"><num>(4)</num><intro><p>The provisions are—</p></intro><level class="para1" eId="section-124-4-a"><num>(a)</num><content><p>section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref> of the Limited Partnerships Act 1907 (inserted by section 119 of this Act), and</p></content></level><level class="para1" eId="section-124-4-b"><num>(b)</num><content><p>so far as it relates to section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref> of the Limited Partnerships Act 1907, section <ref href="#d28e19194">10D</ref><ref href="#d28e19213">(2)(a)</ref> of that Act (inserted by section 126 of this Act).</p></content></level></subsection><subsection eId="section-124-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 122 came fully into force.</p></content></hcontainer></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-124-1"><num>(1)</num><intro><p>This section applies in relation to a general partner that—</p></intro><level class="para1" eId="section-124-1-a"><num>(a)</num><content><p>is a legal entity, and</p></content></level><level class="para1" eId="section-124-1-b"><num>(b)</num><content><p>became a general partner before section 122 came fully into force,</p></content></level><wrapUp><p>other than a legal entity that became a general partner in a limited partnership on its registration.</p></wrapUp></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-124-1-a"><num>(a)</num><content><p>is a legal entity, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-124-1-b"><num>(b)</num><content><p>became a general partner before section 122 came fully into force,</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-124-2"><num>(2)</num><intro><p>The general partner must, within the transitional period, deliver to the registrar—</p></intro><level class="para1" eId="section-124-2-a"><num>(a)</num><content><p>a statement of the kind mentioned in section 8R(4) of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8R(7) of that Act (both inserted by section 122 of this Act), and</p></content></level><level class="para1" eId="section-124-2-b"><num>(b)</num><intro><p>either a statement—</p></intro><level class="para2" eId="section-124-2-b-i"><num>(i)</num><content><p>that the general partner does not have any corporate managing officers, or</p></content></level><level class="para2" eId="section-124-2-b-ii"><num>(ii)</num><content><p>if the general partner has one or more corporate managing officers, a statement of the kind mentioned in section 8R(5)(b) of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8R(8) of that Act (both inserted by section 122 of this Act).</p></content></level></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-124-2-a"><num>(a)</num><content><p>a statement of the kind mentioned in section 8R(4) of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8R(7) of that Act (both inserted by section 122 of this Act), and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-124-2-b"><num>(b)</num><intro><p>either a statement—</p></intro><level class="para2" eId="section-124-2-b-i"><num>(i)</num><content><p>that the general partner does not have any corporate managing officers, or</p></content></level><level class="para2" eId="section-124-2-b-ii"><num>(ii)</num><content><p>if the general partner has one or more corporate managing officers, a statement of the kind mentioned in section 8R(5)(b) of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8R(8) of that Act (both inserted by section 122 of this Act).</p></content></level></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-124-2-b-i"><num>(i)</num><content><p>that the general partner does not have any corporate managing officers, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-124-2-b-ii"><num>(ii)</num><content><p>if the general partner has one or more corporate managing officers, a statement of the kind mentioned in section 8R(5)(b) of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8R(8) of that Act (both inserted by section 122 of this Act).</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-124-3"><num>(3)</num><intro><p>The general partner is not required by the provisions mentioned in subsection <ref href="#section-124-4">(4)</ref> to give notice to the registrar if a legal entity becomes a corporate managing officer of the general partner before whichever is earlier of—</p></intro><level class="para1" eId="section-124-3-a"><num>(a)</num><content><p>the end of the transitional period, and</p></content></level><level class="para1" eId="section-124-3-b"><num>(b)</num><content><p>the delivery of the statement mentioned in subsection <ref href="#section-124-2-b">(2)(b)</ref>.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-124-3-a"><num>(a)</num><content><p>the end of the transitional period, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-124-3-b"><num>(b)</num><content><p>the delivery of the statement mentioned in subsection <ref href="#section-124-2-b">(2)(b)</ref>.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-124-4"><num>(4)</num><intro><p>The provisions are—</p></intro><level class="para1" eId="section-124-4-a"><num>(a)</num><content><p>section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref> of the Limited Partnerships Act 1907 (inserted by section 119 of this Act), and</p></content></level><level class="para1" eId="section-124-4-b"><num>(b)</num><content><p>so far as it relates to section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref> of the Limited Partnerships Act 1907, section <ref href="#d28e19194">10D</ref><ref href="#d28e19213">(2)(a)</ref> of that Act (inserted by section 126 of this Act).</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-124-4-a"><num>(a)</num><content><p>section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref> of the Limited Partnerships Act 1907 (inserted by section 119 of this Act), and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-124-4-b"><num>(b)</num><content><p>so far as it relates to section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref> of the Limited Partnerships Act 1907, section <ref href="#d28e19194">10D</ref><ref href="#d28e19213">(2)(a)</ref> of that Act (inserted by section 126 of this Act).</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-124-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 122 came fully into force.</p></content></hcontainer></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 122 came fully into force.</p></content></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-125"><num>125</num><heading>Notification of other changes</heading><subsection eId="section-125-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-125-2"><num>(2)</num><content><p><mod>In section 8A (application for registration), in subsection (2), for paragraph (a) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(a)</num><content><p>the intended general nature of the limited partnership’s business,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-125-3"><num>(3)</num><content><p>Omit section 9 (registration of changes in partnerships).</p></content></subsection><subsection eId="section-125-4"><num>(4)</num><content><p><mod>After section 10 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Notification of other changes in partnerships</heading><section eId="d28e18931"><num>10A</num><heading>Duty to notify registrar of other changes in partnerships</heading><subsection><num>(1)</num><content><p>The general partners in a limited partnership must give notice to the registrar of any change mentioned in subsection <ref href="#d28e18944">(2)</ref>.</p></content></subsection><subsection eId="d28e18944"><num>(2)</num><intro><p>The changes are—</p></intro><level class="para1"><num>(a)</num><intro><p>in the case of any limited partnership, changes to—</p></intro><level class="para2"><num>(i)</num><content><p>the firm name, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the address of the principal place of business of the limited partnership;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>in the case of a limited partnership that is not a private fund limited partnership, changes to—</p></intro><level class="para2" eId="d28e18974"><num>(i)</num><content><p>the general nature of the limited partnership’s business, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the term or character of the limited partnership.</p></content></level></level></subsection><subsection><num>(3)</num><content><p>The notice must specify the date on which the change occurred.</p></content></subsection><subsection eId="d28e18992"><num>(4)</num><content><p>A notice under subsection <ref href="#d28e18974">(2)(b)(i)</ref> may specify the change to the general nature of the partnership business by reference to one or more categories of any system of classifying business activities prescribed by regulations made by the Secretary of State under section 8A<ref href="#d28e15868">(2A)</ref>.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection></section><section eId="d28e19013"><num>10B</num><heading>Notification of other changes occurring before registration</heading><subsection eId="d28e19017"><num>(1)</num><content><p>The general partners in a limited partnership must give notice to the registrar if, on registration of the limited partnership, the address of the principal place of business of the limited partnership is different to that contained in the application for registration under section 8A.</p></content></subsection><subsection eId="d28e19023"><num>(2)</num><intro><p>The general partners in a limited partnership that is not a private fund limited partnership must give notice to the registrar if, on registration of the limited partnership, any of the following details are different to those contained in the application for registration under section 8A—</p></intro><level class="para1" eId="d28e19029"><num>(a)</num><content><p>the general nature of the limited partnership’s business,</p></content></level><level class="para1" eId="d28e19035"><num>(b)</num><content><p>the term of the limited partnership,</p></content></level><level class="para1" eId="d28e19041"><num>(c)</num><content><p>the amount of the capital contribution of a limited partner, or</p></content></level><level class="para1" eId="d28e19047"><num>(d)</num><content><p>the form of the capital contribution of a limited partner.</p></content></level></subsection><subsection><num>(3)</num><content><p>A notice under subsection <ref href="#d28e19017">(1)</ref> must specify the address of the principal place of business of the limited partnership.</p></content></subsection><subsection><num>(4)</num><intro><p>A notice under subsection <ref href="#d28e19029">(2)(a)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>must specify the general nature of the limited partnership’s business, and</p></content></level><level class="para1"><num>(b)</num><content><p>may do so by reference to one or more categories of any system of classifying business activities prescribed by regulations made by the Secretary of State under section 8A<ref href="#d28e15868">(2A)</ref>.</p></content></level></subsection><subsection><num>(5)</num><content><p>A notice under subsection <ref href="#d28e19035">(2)(b)</ref>, <ref href="#d28e19041">(c)</ref> or <ref href="#d28e19047">(d)</ref> must specify the details mentioned in the paragraph under which the notice is given.</p></content></subsection><subsection><num>(6)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the limited partnership was registered.</p></content></subsection></section><section><num>10C</num><heading>Failure to notify other changes in partnerships</heading><subsection><num>(1)</num><content><p>If the general partners fail to comply with section <ref href="#d28e18931">10A</ref> or <ref href="#d28e19013">10B</ref> an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(2)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(3)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity who is in default also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(5)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-125-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-125-2"><num>(2)</num><content><p><mod>In section 8A (application for registration), in subsection (2), for paragraph (a) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(a)</num><content><p>the intended general nature of the limited partnership’s business,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-125-3"><num>(3)</num><content><p>Omit section 9 (registration of changes in partnerships).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-125-4"><num>(4)</num><content><p><mod>After section 10 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Notification of other changes in partnerships</heading><section eId="d28e18931"><num>10A</num><heading>Duty to notify registrar of other changes in partnerships</heading><subsection><num>(1)</num><content><p>The general partners in a limited partnership must give notice to the registrar of any change mentioned in subsection <ref href="#d28e18944">(2)</ref>.</p></content></subsection><subsection eId="d28e18944"><num>(2)</num><intro><p>The changes are—</p></intro><level class="para1"><num>(a)</num><intro><p>in the case of any limited partnership, changes to—</p></intro><level class="para2"><num>(i)</num><content><p>the firm name, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the address of the principal place of business of the limited partnership;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>in the case of a limited partnership that is not a private fund limited partnership, changes to—</p></intro><level class="para2" eId="d28e18974"><num>(i)</num><content><p>the general nature of the limited partnership’s business, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the term or character of the limited partnership.</p></content></level></level></subsection><subsection><num>(3)</num><content><p>The notice must specify the date on which the change occurred.</p></content></subsection><subsection eId="d28e18992"><num>(4)</num><content><p>A notice under subsection <ref href="#d28e18974">(2)(b)(i)</ref> may specify the change to the general nature of the partnership business by reference to one or more categories of any system of classifying business activities prescribed by regulations made by the Secretary of State under section 8A<ref href="#d28e15868">(2A)</ref>.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection></section><section eId="d28e19013"><num>10B</num><heading>Notification of other changes occurring before registration</heading><subsection eId="d28e19017"><num>(1)</num><content><p>The general partners in a limited partnership must give notice to the registrar if, on registration of the limited partnership, the address of the principal place of business of the limited partnership is different to that contained in the application for registration under section 8A.</p></content></subsection><subsection eId="d28e19023"><num>(2)</num><intro><p>The general partners in a limited partnership that is not a private fund limited partnership must give notice to the registrar if, on registration of the limited partnership, any of the following details are different to those contained in the application for registration under section 8A—</p></intro><level class="para1" eId="d28e19029"><num>(a)</num><content><p>the general nature of the limited partnership’s business,</p></content></level><level class="para1" eId="d28e19035"><num>(b)</num><content><p>the term of the limited partnership,</p></content></level><level class="para1" eId="d28e19041"><num>(c)</num><content><p>the amount of the capital contribution of a limited partner, or</p></content></level><level class="para1" eId="d28e19047"><num>(d)</num><content><p>the form of the capital contribution of a limited partner.</p></content></level></subsection><subsection><num>(3)</num><content><p>A notice under subsection <ref href="#d28e19017">(1)</ref> must specify the address of the principal place of business of the limited partnership.</p></content></subsection><subsection><num>(4)</num><intro><p>A notice under subsection <ref href="#d28e19029">(2)(a)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>must specify the general nature of the limited partnership’s business, and</p></content></level><level class="para1"><num>(b)</num><content><p>may do so by reference to one or more categories of any system of classifying business activities prescribed by regulations made by the Secretary of State under section 8A<ref href="#d28e15868">(2A)</ref>.</p></content></level></subsection><subsection><num>(5)</num><content><p>A notice under subsection <ref href="#d28e19035">(2)(b)</ref>, <ref href="#d28e19041">(c)</ref> or <ref href="#d28e19047">(d)</ref> must specify the details mentioned in the paragraph under which the notice is given.</p></content></subsection><subsection><num>(6)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the limited partnership was registered.</p></content></subsection></section><section><num>10C</num><heading>Failure to notify other changes in partnerships</heading><subsection><num>(1)</num><content><p>If the general partners fail to comply with section <ref href="#d28e18931">10A</ref> or <ref href="#d28e19013">10B</ref> an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(2)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(3)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity who is in default also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(5)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-126"><num>126</num><heading>Confirmation statements</heading><content><p><mod>After section 10C of the Limited Partnerships Act 1907 (inserted by section 125 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Confirmation statements</heading><section eId="d28e19194"><num>10D</num><heading>Duty to deliver confirmation statements</heading><subsection eId="d28e19198"><num>(1)</num><content><p>The general partners in a limited partnership must, within the period of 14 days after each review period, deliver to the registrar a statement (a “confirmation statement”) confirming that any information required by subsection <ref href="#d28e19207">(2)</ref> is being delivered at the same time as the confirmation statement.</p></content></subsection><subsection eId="d28e19207"><num>(2)</num><intro><p>The information that must be delivered at the same time as the confirmation statement is—</p></intro><level class="para1" eId="d28e19213"><num>(a)</num><content><p>a notice of any notifiable change in respect of which a notice under section <ref href="#d28e17567">8N</ref>, 8R, 8S or <ref href="#d28e18931">10A</ref> has not been delivered,</p></content></level><level class="para1" eId="d28e19225"><num>(b)</num><intro><p>a notice under section <ref href="#d28e16160">8F</ref> if—</p></intro><level class="para2"><num>(i)</num><content><p>the limited partnership’s registered office is not at an appropriate address within the meaning given by section <ref href="#d28e16018">8E</ref><ref href="#d28e16028">(2)</ref> when the confirmation statement is made, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the limited partnership has not given a notice under section <ref href="#d28e16160">8F</ref> that is awaiting registration by the registrar,</p></content></level></level><level class="para1" eId="d28e19254"><num>(c)</num><intro><p>a notice under section <ref href="#d28e16700">8I</ref> if—</p></intro><level class="para2"><num>(i)</num><content><p>the limited partnership’s registered email address is not at an appropriate email address within the meaning given by section <ref href="#d28e16624">8H</ref><ref href="#d28e16634">(2)</ref> when the confirmation statement is made, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the limited partnership has not given a notice under section <ref href="#d28e16700">8I</ref> that is awaiting registration by the registrar,</p></content></level></level><level class="para1"><num>(d)</num><intro><p>a notice under section <ref href="#d28e17421">8L</ref><ref href="#d28e17425">(1)</ref> by each general partner that—</p></intro><level class="para2"><num>(i)</num><content><p>is a legal entity,</p></content></level><level class="para2"><num>(ii)</num><content><p>has a registered officer who does not meet the requirements in section <ref href="#d28e17226">8K</ref><ref href="#d28e17236">(1)(a)</ref> to <ref href="#d28e17251">(c)</ref>, and</p></content></level><level class="para2"><num>(iii)</num><content><p>has not given a notice under section <ref href="#d28e17421">8L</ref><ref href="#d28e17425">(1)</ref> that is awaiting registration by the registrar, and</p></content></level></level><level class="para1"><num>(e)</num><intro><p>if any general partner that is a legal entity has one or more corporate managing officers—</p></intro><level class="para2"><num>(i)</num><content><p>for which the named contact is not an individual who is a managing officer of the corporate managing officer, and</p></content></level><level class="para2"><num>(ii)</num><content><p>in respect of which the general partner has not given a notice under section <ref href="#d28e17421">8L</ref><ref href="#d28e17436">(2)</ref> that is awaiting registration by the registrar,</p></content></level><wrapUp><p>a notice under section <ref href="#d28e17421">8L</ref><ref href="#d28e17436">(2)</ref> by each such general partner in respect of each such corporate managing officer.</p></wrapUp></level></subsection><subsection eId="d28e19355"><num>(3)</num><intro><p>For the purposes of this section, each of the following is a review period—</p></intro><level class="para1" eId="d28e19361"><num>(a)</num><intro><p>where the limited partnership was registered before this section comes fully into force, the period—</p></intro><level class="para2"><num>(i)</num><content><p>beginning with the date of the limited partnership’s registration, and</p></content></level><level class="para2"><num>(ii)</num><content><p>ending with the period of 6 months beginning when this section comes fully into force;</p></content></level></level><level class="para1" eId="d28e19379"><num>(b)</num><content><p>where the limited partnership was registered after this section comes fully into force, the period of 12 months beginning with the date of the limited partnership’s registration;</p></content></level><level class="para1"><num>(c)</num><content><p>each period of 12 months beginning with the day after the end of the previous review period.</p></content></level></subsection><subsection><num>(4)</num><intro><p>But a review period may be shortened by the general partners—</p></intro><level class="para1"><num>(a)</num><content><p>notifying the registrar of the shortened review period, and</p></content></level><level class="para1"><num>(b)</num><content><p>delivering the confirmation statement within the period of 14 days after that shortened review period.</p></content></level></subsection><subsection><num>(5)</num><content><p>For the purpose of making a confirmation statement, the general partners in a limited partnership are entitled to assume that information that has been delivered to the registrar has been properly delivered unless the registrar has notified the limited partnership otherwise.</p></content></subsection><subsection><num>(6)</num><content><p>In this section a “<term refersTo="#term-notifiable-change">notifiable change</term>” means a change mentioned in section <ref href="#d28e17567">8N</ref><ref href="#d28e17571">(1)</ref>, 8R(1), 8S(1) to (3) or <ref href="#d28e18931">10A</ref><ref href="#d28e18944">(2)</ref> that occurred during the review period.</p></content></subsection></section><section><num>10E</num><heading>Power to amend matters to be confirmed in confirmation statement</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations make further provision about the matters that must be confirmed in a confirmation statement delivered under section <ref href="#d28e19194">10D</ref><ref href="#d28e19198">(1)</ref>.</p></content></subsection><subsection><num>(2)</num><intro><p>The regulations may—</p></intro><level class="para1"><num>(a)</num><content><p>amend or repeal the provisions of section <ref href="#d28e19194">10D</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>provide for exceptions from the requirements of that section as it has effect from time to time.</p></content></level></subsection><subsection><num>(3)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section><section><num>10F</num><heading>Failure to deliver confirmation statement</heading><subsection eId="d28e19486"><num>(1)</num><content><p>If the general partners fail to comply with section <ref href="#d28e19194">10D</ref><ref href="#d28e19198">(1)</ref> an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(2)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(3)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(5)</num><content><p>The contravention continues until such time as the general partners have delivered the statement required by section <ref href="#d28e19194">10D</ref><ref href="#d28e19198">(1)</ref>.</p></content></subsection><subsection><num>(6)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-127"><num>127</num><heading>Confirmation statements: Scottish partnerships</heading><content><p><mod>In regulation 37 of the Scottish Partnerships (Register of People with Significant Control) Regulations 2017 (<ref eId="c00014" href="http://www.legislation.gov.uk/id/uksi/2017/694">S.I. 2017/694</ref>) (review period), for paragraphs (4) and (5) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="double"><paragraph><num>(4)</num><content><p>For the purpose of making a confirmation statement, an eligible Scottish partnership is entitled to assume that information that has been delivered to the registrar has been properly delivered unless the registrar has notified the eligible Scottish partnership otherwise.</p></content></paragraph></quotedStructure></mod></p></content></section>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-accounts"><heading>Accounts</heading><section eId="section-128"><num>128</num><heading>Power for HMRC to obtain accounts</heading><content><p><mod>After section 10F of the Limited Partnerships Act 1907 (inserted by section 126 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Power for HMRC to obtain accounts</heading><section><num>10G</num><heading>Power for HMRC to obtain accounts</heading><subsection eId="d28e19603"><num>(1)</num><intro><p>HMRC may by notice in writing require the general partners in a limited partnership to—</p></intro><level class="para1"><num>(a)</num><content><p>prepare accounts in accordance with regulations made by the Secretary of State for the purposes of this paragraph;</p></content></level><level class="para1"><num>(b)</num><intro><p>deliver those accounts to HMRC, together with—</p></intro><level class="para2"><num>(i)</num><content><p>an auditor’s report prepared in accordance with regulations made by the Secretary of State for the purposes of this sub-paragraph;</p></content></level><level class="para2"><num>(ii)</num><content><p>such supporting evidence as may be required by regulations made by the Secretary of the State for the purposes of this sub-paragraph.</p></content></level></level></subsection><subsection><num>(2)</num><intro><p>A requirement under this section may specify—</p></intro><level class="para1"><num>(a)</num><content><p>the period to which the accounts must relate;</p></content></level><level class="para1"><num>(b)</num><content><p>the form and manner in which the documents are to be delivered;</p></content></level><level class="para1" eId="d28e19651"><num>(c)</num><content><p>the period within which they are to be delivered.</p></content></level></subsection><subsection><num>(3)</num><content><p>HMRC may by notice in writing extend a period specified in a requirement under this section.</p></content></subsection><subsection eId="d28e19663"><num>(4)</num><content><p>If the general partners in a limited partnership fail to comply with a requirement under this section an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(5)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(6)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(7)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum;</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum.</p></content></level></level></subsection><subsection><num>(8)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection><num>(9)</num><content><p>In this section “<term refersTo="#term-hmrc">HMRC</term>” means the Commissioners for His Majesty’s Revenue and Customs.</p></content></subsection><subsection><num>(10)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-128"><num>128</num><heading>Power for HMRC to obtain accounts</heading><content><p><mod>After section 10F of the Limited Partnerships Act 1907 (inserted by section 126 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Power for HMRC to obtain accounts</heading><section><num>10G</num><heading>Power for HMRC to obtain accounts</heading><subsection eId="d28e19603"><num>(1)</num><intro><p>HMRC may by notice in writing require the general partners in a limited partnership to—</p></intro><level class="para1"><num>(a)</num><content><p>prepare accounts in accordance with regulations made by the Secretary of State for the purposes of this paragraph;</p></content></level><level class="para1"><num>(b)</num><intro><p>deliver those accounts to HMRC, together with—</p></intro><level class="para2"><num>(i)</num><content><p>an auditor’s report prepared in accordance with regulations made by the Secretary of State for the purposes of this sub-paragraph;</p></content></level><level class="para2"><num>(ii)</num><content><p>such supporting evidence as may be required by regulations made by the Secretary of the State for the purposes of this sub-paragraph.</p></content></level></level></subsection><subsection><num>(2)</num><intro><p>A requirement under this section may specify—</p></intro><level class="para1"><num>(a)</num><content><p>the period to which the accounts must relate;</p></content></level><level class="para1"><num>(b)</num><content><p>the form and manner in which the documents are to be delivered;</p></content></level><level class="para1" eId="d28e19651"><num>(c)</num><content><p>the period within which they are to be delivered.</p></content></level></subsection><subsection><num>(3)</num><content><p>HMRC may by notice in writing extend a period specified in a requirement under this section.</p></content></subsection><subsection eId="d28e19663"><num>(4)</num><content><p>If the general partners in a limited partnership fail to comply with a requirement under this section an offence is committed by each general partner who is in default.</p></content></subsection><subsection><num>(5)</num><content><p>But where the general partner is a legal entity, it does not commit an offence as a general partner in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(6)</num><intro><p>Where any such offence is committed by a general partner that is a legal entity, or any such offence is by virtue of this subsection committed by a managing officer that is a legal entity, any managing officer of the legal entity also commits the offence if—</p></intro><level class="para1"><num>(a)</num><content><p>the managing officer is an individual who is in default, or</p></content></level><level class="para1"><num>(b)</num><content><p>the managing officer is a legal entity that is in default and one of its managing officers is in default.</p></content></level></subsection><subsection><num>(7)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum;</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both) and, for continued contravention, a daily default fine not exceeding one-fifth of the statutory maximum.</p></content></level></level></subsection><subsection><num>(8)</num><content><p>A general partner or managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection><num>(9)</num><content><p>In this section “<term refersTo="#term-hmrc">HMRC</term>” means the Commissioners for His Majesty’s Revenue and Customs.</p></content></subsection><subsection><num>(10)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-dissolution-winding-up-and-sequestration"><heading>Dissolution, winding up and sequestration</heading><section eId="section-129"><num>129</num><heading>Dissolution and winding up: modifications of general law</heading><subsection eId="section-129-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-129-2"><num>(2)</num><intro><p>In section 4 (definition and constitution of limited partnership)—</p></intro><level class="para1" eId="section-129-2-a"><num>(a)</num><content><p><mod>in subsection (2), after “firm” insert <quotedText>“(including debts and obligations incurred in accordance with section 38 of the Partnership Act 1890)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-129-2-b"><num>(b)</num><content><p><mod>in subsections (2A) and (2B)(b), after “firm” insert <quotedText>“(including debts or obligations incurred in accordance with section 38 of the Partnership Act 1890)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-129-2-c"><num>(c)</num><content><p><mod>in subsection (3), after “firm” insert <quotedText>“(including debts and obligations incurred in accordance with section 38 of the Partnership Act 1890)”</quotedText>.</mod></p></content></level></subsection><subsection eId="section-129-3"><num>(3)</num><intro><p>In section 6 (modifications of general law in case of limited partnerships)—</p></intro><level class="para1" eId="section-129-3-a"><num>(a)</num><content><p><mod>in subsection (1), after “firm”, in the third place it occurs, insert <quotedText>“(including debts and obligations incurred in accordance with section 38 of the Partnership Act 1890)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-129-3-b"><num>(b)</num><content><p><mod>for subsection (1A) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><content><p>Section 6A (actions by limited partners) makes provision supplementing subsection (1).</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-129-3-c"><num>(c)</num><content><p>in subsection (2) omit “or bankruptcy”;</p></content></level><level class="para1" eId="section-129-3-d"><num>(d)</num><content><p><mod>after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e19846"><num>(2A)</num><content><p>A limited partnership shall not be dissolved under section 33(1) of the Partnership Act 1890 by the bankruptcy of a partner.</p></content></subsection><subsection><num>(2B)</num><intro><p>A limited partnership is dissolved if—</p></intro><level class="para1"><num>(a)</num><content><p>it ceases to have any general partners,</p></content></level><level class="para1"><num>(b)</num><content><p>it ceases to have any limited partners, or</p></content></level><level class="para1"><num>(c)</num><content><p>each general partner is either insolvent or disqualified under the directors disqualification legislation (see section 8J(3)), irrespective of whether they became insolvent or disqualified before or after this subsection comes into force.</p></content></level></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-129-3-e"><num>(e)</num><content><p>omit subsection (3);</p></content></level><level class="para1" eId="section-129-3-f"><num>(f)</num><content><p><mod>for subsections (3A) and (3B) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e19891"><num>(3A)</num><intro><p>If a limited partnership is dissolved at a time when the partnership has at least one general partner who is—</p></intro><level class="para1"><num>(a)</num><content><p>solvent, and</p></content></level><level class="para1"><num>(b)</num><content><p>not disqualified under the directors disqualification legislation,</p></content></level><wrapUp><p>the general partners at that time who are solvent and are not so disqualified must either wind up the partnership’s affairs or take all reasonable steps to ensure that its affairs are wound up by a person who is not a partner at that time.</p></wrapUp></subsection><subsection eId="d28e19911"><num>(3B)</num><intro><p>If a limited partnership is dissolved at a time when the partnership does not have a general partner who is—</p></intro><level class="para1"><num>(a)</num><content><p>solvent, and</p></content></level><level class="para1"><num>(b)</num><content><p>not disqualified under the directors disqualification legislation,</p></content></level><wrapUp><p>the limited partners at that time who are solvent must take all reasonable steps to ensure that the partnership’s affairs are wound up by a person who is not a limited partner at that time.</p></wrapUp></subsection><subsection><num>(3BA)</num><content><p>For enforcement of the duties under subsections <ref href="#d28e19891">(3A)</ref> and <ref href="#d28e19911">(3B)</ref> see section 29.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-129-3-g"><num>(g)</num><content><p>omit subsection (3C).</p></content></level></subsection><subsection eId="section-129-4"><num>(4)</num><intro><p>In section 6A (private fund limited partnerships: actions by limited partners)—</p></intro><level class="para1" eId="section-129-4-a"><num>(a)</num><content><p>in the heading, omit “private fund limited partnerships:”;</p></content></level><level class="para1" eId="section-129-4-b"><num>(b)</num><content><p><mod>before subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>A1</num><content><p>A limited partner in a limited partnership is not to be regarded as taking part in the management of the partnership business for the purposes of section 6(1) merely because the limited partner appoints a person to wind up the limited partnership pursuant to section 6<ref href="#d28e19911">(3B)</ref>.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-129-4-c"><num>(c)</num><content><p>omit subsection (2)(b);</p></content></level><level class="para1" eId="section-129-4-d"><num>(d)</num><intro><p>in subsection (4)—</p></intro><level class="para2" eId="section-129-4-d-i"><num>(i)</num><content><p>in paragraph (a), omit “private fund”;</p></content></level><level class="para2" eId="section-129-4-d-ii"><num>(ii)</num><content><p>omit paragraph (b) and the “or” before it;</p></content></level></level><level class="para1" eId="section-129-4-e"><num>(e)</num><content><p><mod>after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><content><p>Nothing in subsections (1) to (3) affects the circumstances in which a limited partner in a limited partnership that is not a private fund limited partnership may be regarded as taking part in the management of the partnership business.</p></content></subsection></quotedStructure></mod></p></content></level></subsection></section><section eId="section-130"><num>130</num><heading>Dissolution by the court when a partner has a mental disorder</heading><subsection eId="section-130-1"><num>(1)</num><content><p><mod>In section 35 of the Partnership Act 1890 (dissolution by the Court), for paragraph (a) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(a)</num><content><p>When a partner has a mental disorder within the meaning of section 328 of the Mental Health (Care and Treatment) (Scotland) Act 2003 or section 305 of the Mental Capacity Act (Northern Ireland) 2016 (as the case may be):</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-130-2"><num>(2)</num><content><p>In section 6 of the Limited Partnerships Act 1907 (modifications of general law in case of limited partnerships), in subsection (2), omit the words from “, and” to the end.</p></content></subsection></section><section eId="section-131"><num>131</num><heading>Winding up limited partnerships on grounds of public interest</heading><content><p><mod>After section 27 of the Limited Partnerships Act 1907 (inserted by section 144 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Winding up: applications and petitions to the court</heading><section><num>28</num><heading>Winding up limited partnerships on grounds of public interest</heading><subsection eId="d28e20068"><num>(1)</num><content><p>Where it appears to the Secretary of State that it is expedient in the public interest for a limited partnership to be wound up, the Secretary of State may present a petition to the court for it to be wound up.</p></content></subsection><subsection><num>(2)</num><content><p>Where it appears to the Scottish Ministers that it is expedient in the public interest for a limited partnership registered in Scotland to be wound up, the Scottish Ministers may present a petition to the court for it to be wound up.</p></content></subsection><subsection><num>(3)</num><content><p>Where it appears to the Department for the Economy in Northern Ireland that it is expedient in the public interest for a limited partnership registered in Northern Ireland to be wound up, the Department may present a petition to the court for it to be wound up.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State must consult the Scottish Ministers before presenting a petition under subsection (1) in respect of a limited partnership registered in Scotland.</p></content></subsection><subsection><num>(5)</num><content><p>The Secretary of State must consult the Department for the Economy in Northern Ireland before presenting a petition under subsection (1) in respect of a limited partnership registered in Northern Ireland.</p></content></subsection><subsection eId="d28e20098"><num>(6)</num><content><p>If a petition is presented under this section, the court may wind up the limited partnership if the court is of the opinion that it is just and equitable for it to be wound up.</p></content></subsection><subsection><num>(7)</num><content><p>The power in subsection <ref href="#d28e20098">(6)</ref> does not limit any other power the court has in the same circumstances.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section><section eId="section-132"><num>132</num><heading>Winding up dissolved limited partnerships</heading><content><p><mod>After section 28 of the Limited Partnerships Act 1907 (inserted by section 131 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>29</num><heading>Winding up dissolved limited partnerships</heading><subsection eId="d28e20131"><num>(1)</num><intro><p>Where a limited partnership is dissolved and it appears to the court that there has been a failure to wind up the limited partnership under section 6(3A) or (3B) properly or at all, the court may make any order it considers appropriate, including an order—</p></intro><level class="para1"><num>(a)</num><content><p>for the purposes of enforcing the duty in section 6<ref href="#d28e19891">(3A)</ref> or <ref href="#d28e19911">(3B)</ref>,</p></content></level><level class="para1"><num>(b)</num><content><p>in connection with the performance of that duty, or</p></content></level><level class="para1" eId="d28e20155"><num>(c)</num><content><p>to wind up the limited partnership.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The court may make an order under subsection <ref href="#d28e20131">(1)</ref> on an application by any of the following—</p></intro><level class="para1"><num>(a)</num><content><p>the Secretary of State;</p></content></level><level class="para1"><num>(b)</num><content><p>the Scottish Ministers, but only if the limited partnership is registered in Scotland or they appear to the court to have sufficient interest for any other reason;</p></content></level><level class="para1"><num>(c)</num><content><p>the Department for the Economy in Northern Ireland, but only if the limited partnership is registered in Northern Ireland or the Department appears to the court to have sufficient interest for any other reason;</p></content></level><level class="para1"><num>(d)</num><content><p>any other person appearing to the court to have sufficient interest.</p></content></level></subsection><subsection><num>(3)</num><content><p>The Secretary of State must consult the Scottish Ministers before making an application for an order under subsection (1) in respect of a limited partnership registered in Scotland.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State must consult the Department for the Economy in Northern Ireland before making an application for an order under subsection (1) in respect of a limited partnership registered in Northern Ireland.</p></content></subsection><subsection eId="d28e20206"><num>(5)</num><content><p>The power in subsection <ref href="#d28e20131">(1)</ref> does not limit any other power the court has in the same circumstances.</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-133"><num>133</num><heading>Power to make provision about winding up</heading><content><p><mod>After section 29 of the Limited Partnerships Act 1907 (inserted by section 132 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e20229"><num>30</num><heading>Power to make provision about winding up</heading><subsection eId="d28e20233"><num>(1)</num><content><p>The Secretary of State may by regulations make provision in relation to the winding up of a limited partnership under section 28 or 29 that corresponds or is similar to any provision of the Insolvency Act 1986 or the Insolvency (Northern Ireland) Order 1989 (including any provision of that Act or Order that relates to the allocation of jurisdiction or distribution of business between courts in any part of the United Kingdom).</p></content></subsection><subsection eId="d28e20239"><num>(2)</num><intro><p>Before making regulations under subsection <ref href="#d28e20233">(1)</ref> the Secretary of State must—</p></intro><level class="para1"><num>(a)</num><content><p>obtain the consent of the Department for the Economy in Northern Ireland, so far as the regulations relate to limited partnerships registered in Northern Ireland;</p></content></level><level class="para1"><num>(b)</num><content><p>obtain the consent of the Scottish Ministers, so far as the regulations relate to limited partnerships registered in Scotland.</p></content></level></subsection><subsection><num>(3)</num><intro><p>The provision that may be made by regulations under subsection <ref href="#d28e20233">(1)</ref> by virtue of section 38(1) includes provision amending, repealing or revoking provision made by or under either of the following, whenever passed or made—</p></intro><level class="para1"><num>(a)</num><content><p>an Act;</p></content></level><level class="para1"><num>(b)</num><content><p>Northern Ireland legislation.</p></content></level></subsection><subsection><num>(4)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-134"><num>134</num><heading>Winding up of limited partnerships: concurrent proceedings</heading><subsection eId="section-134-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-134-2"><num>(2)</num><content><p><mod>In section 6 (modifications of general law in case of limited partnerships), for subsection (3D) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3D)</num><content><p>Subsections (3A) and (3B) have effect subject to any order of a court as to the winding up of the affairs of the partnership and any award of sequestration of the partnership’s estate under the Bankruptcy (Scotland) Act 2016.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-134-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e20229">30</ref> (inserted by section 133 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e20327"><num>31</num><heading>Winding up of limited partnerships: concurrent proceedings</heading><subsection eId="d28e20331"><num>(1)</num><content><p>Where a petition under section 28 in respect of a limited partnership is pending, a general partner of the limited partnership who is or becomes aware of any of the circumstances mentioned in subsection <ref href="#d28e20364">(3)</ref> must notify the court to which the petition was presented.</p></content></subsection><subsection eId="d28e20340"><num>(2)</num><intro><p>Where an application under section 29 in respect of a limited partnership is pending—</p></intro><level class="para1"><num>(a)</num><content><p>a general partner of the limited partnership who is or becomes aware any of the circumstances mentioned in subsection <ref href="#d28e20364">(3)</ref> must notify the court to which the application was made, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the application was made by a person other than the Secretary of State, the applicant must notify the court to which the application was made if the applicant is or becomes aware of any of the circumstances mentioned in subsection <ref href="#d28e20364">(3)</ref>.</p></content></level></subsection><subsection eId="d28e20364"><num>(3)</num><intro><p>The circumstances are that—</p></intro><level class="para1"><num>(a)</num><content><p>a petition for sequestration of the limited partnership’s estate under the Bankruptcy (Scotland) Act 2016 is before a sheriff,</p></content></level><level class="para1"><num>(b)</num><content><p>an application to the Accountant in Bankruptcy for sequestration of the limited partnership’s estate under that Act is pending,</p></content></level><level class="para1"><num>(c)</num><content><p>sequestration has been awarded by virtue of any such petition or application and the limited partnership’s estate is being sequestrated,</p></content></level><level class="para1"><num>(d)</num><content><p>a trust deed in respect of the limited partnership’s estate has been sent to the Accountant in Bankruptcy for registration under that Act and the registration has not been refused,</p></content></level><level class="para1"><num>(e)</num><content><p>a protected trust deed (within the meaning of that Act) is in force in respect of the limited partnership’s estate,</p></content></level><level class="para1"><num>(f)</num><content><p>an application by the limited partnership for approval of a debt payment programme under the Debt Arrangement and Attachment (Scotland) Act 2002 is pending, or</p></content></level><level class="para1"><num>(g)</num><content><p>such a programme has been approved under that Act and has not been completed.</p></content></level></subsection><subsection><num>(4)</num><content><p>A person is not required to notify the court of circumstances under subsection <ref href="#d28e20331">(1)</ref> or <ref href="#d28e20340">(2)</ref> if another person has notified the court of those circumstances.</p></content></subsection><subsection><num>(5)</num><intro><p>If a person fails to comply with subsection <ref href="#d28e20331">(1)</ref> or <ref href="#d28e20340">(2)</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the person, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the person is a legal entity, any of its managing officers who is in default.</p></content></level></subsection><subsection><num>(6)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(7)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e20475"><num>(8)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(9)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e20475">(8)</ref>).</p></content></subsection><subsection><num>(10)</num><content><p>For the purposes of this section a petition or application is “pending” if it has been presented or made and it has not fallen, been withdrawn or been determined.</p></content></subsection></section><section><num>32</num><heading>Power to amend circumstances for notification under section <ref href="#d28e20327">31</ref></heading><subsection eId="d28e20505"><num>(1)</num><content><p>The Secretary of State or the Scottish Ministers may by regulations amend the list in section <ref href="#d28e20327">31</ref><ref href="#d28e20364">(3)</ref>.</p></content></subsection><subsection><num>(2)</num><content><p>Before making regulations under subsection <ref href="#d28e20505">(1)</ref> the Secretary of State must obtain the consent of the Scottish Ministers.</p></content></subsection><subsection><num>(3)</num><content><p>Regulations made by the Secretary of State under subsection <ref href="#d28e20505">(1)</ref> are subject to the affirmative resolution procedure.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations made by the Scottish Ministers under subsection <ref href="#d28e20505">(1)</ref> are subject to the affirmative procedure (see Part 2 of the Interpretation and Legislative Reform (Scotland) Act <ref eId="c00015" href="http://www.legislation.gov.uk/id/asp/2010/10">2010 (asp 10)</ref>).</p></content></subsection></section></quotedStructure></mod></p></content></subsection></section><section eId="section-135"><num>135</num><heading>Sequestration of limited partnerships: concurrent winding up proceedings</heading><subsection eId="section-135-1"><num>(1)</num><content><p>The Bankruptcy (Scotland) Act 2016 is amended as follows.</p></content></subsection><subsection eId="section-135-2"><num>(2)</num><intro><p>In section 17 (concurrent proceedings for sequestration or analogous remedy)—</p></intro><level class="para1" eId="section-135-2-a"><num>(a)</num><content><p><mod>in subsection (2)(b), after “awarded” insert <quotedText>“and the debtor’s estate is being sequestrated”</quotedText>;</mod></p></content></level><level class="para1" eId="section-135-2-b"><num>(b)</num><intro><p>in subsection (2)(c)—</p></intro><level class="para2" eId="section-135-2-b-i"><num>(i)</num><content><p>omit “has been made”;</p></content></level><level class="para2" eId="section-135-2-b-ii"><num>(ii)</num><content><p><mod>after “estate” insert <quotedText>“is pending”</quotedText>;</mod></p></content></level></level><level class="para1" eId="section-135-2-c"><num>(c)</num><content><p><mod>in subsection (2)(d), after “application” insert <quotedText>“and the debtor’s estate is being sequestrated”</quotedText>;</mod></p></content></level><level class="para1" eId="section-135-2-d"><num>(d)</num><content><p><mod>in subsection (2)(g), after “under” insert <quotedText>“section 28 of the Limited Partnerships Act 1907,”</quotedText>;</mod></p></content></level><level class="para1" eId="section-135-2-e"><num>(e)</num><content><p><mod>after subsection (2)(g) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ga)</num><content><p>such a petition has been granted,</p></content></level><level class="para1"><num>(gb)</num><content><p>an application in respect of the debtor is before a court under section 29 of the Limited Partnerships Act 1907,</p></content></level><level class="para1"><num>(gc)</num><content><p>such an application has been granted,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-135-2-f"><num>(f)</num><content><p><mod>after subsection (7) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7A)</num><content><p>For the purposes of subsection (2)(c), a debtor application is “pending” if it has been made and has not fallen, been withdrawn or been determined.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-135-3"><num>(3)</num><intro><p>In section 18 (powers in relation to concurrent proceedings)—</p></intro><level class="para1" eId="section-135-3-a"><num>(a)</num><content><p><mod>in subsection (1), for “(g)” substitute <quotedText>“(gc)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-135-3-b"><num>(b)</num><content><p><mod>in subsection (2), for “or (g)” substitute <quotedText>“, (g), (ga), (gb) or (gc)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-135-3-c"><num>(c)</num><content><p><mod>in subsection (8), for “(g)” substitute <quotedText>“(gc)”</quotedText>.</mod></p></content></level></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-129"><num>129</num><heading>Dissolution and winding up: modifications of general law</heading><subsection eId="section-129-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-129-2"><num>(2)</num><intro><p>In section 4 (definition and constitution of limited partnership)—</p></intro><level class="para1" eId="section-129-2-a"><num>(a)</num><content><p><mod>in subsection (2), after “firm” insert <quotedText>“(including debts and obligations incurred in accordance with section 38 of the Partnership Act 1890)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-129-2-b"><num>(b)</num><content><p><mod>in subsections (2A) and (2B)(b), after “firm” insert <quotedText>“(including debts or obligations incurred in accordance with section 38 of the Partnership Act 1890)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-129-2-c"><num>(c)</num><content><p><mod>in subsection (3), after “firm” insert <quotedText>“(including debts and obligations incurred in accordance with section 38 of the Partnership Act 1890)”</quotedText>.</mod></p></content></level></subsection><subsection eId="section-129-3"><num>(3)</num><intro><p>In section 6 (modifications of general law in case of limited partnerships)—</p></intro><level class="para1" eId="section-129-3-a"><num>(a)</num><content><p><mod>in subsection (1), after “firm”, in the third place it occurs, insert <quotedText>“(including debts and obligations incurred in accordance with section 38 of the Partnership Act 1890)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-129-3-b"><num>(b)</num><content><p><mod>for subsection (1A) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><content><p>Section 6A (actions by limited partners) makes provision supplementing subsection (1).</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-129-3-c"><num>(c)</num><content><p>in subsection (2) omit “or bankruptcy”;</p></content></level><level class="para1" eId="section-129-3-d"><num>(d)</num><content><p><mod>after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e19846"><num>(2A)</num><content><p>A limited partnership shall not be dissolved under section 33(1) of the Partnership Act 1890 by the bankruptcy of a partner.</p></content></subsection><subsection><num>(2B)</num><intro><p>A limited partnership is dissolved if—</p></intro><level class="para1"><num>(a)</num><content><p>it ceases to have any general partners,</p></content></level><level class="para1"><num>(b)</num><content><p>it ceases to have any limited partners, or</p></content></level><level class="para1"><num>(c)</num><content><p>each general partner is either insolvent or disqualified under the directors disqualification legislation (see section 8J(3)), irrespective of whether they became insolvent or disqualified before or after this subsection comes into force.</p></content></level></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-129-3-e"><num>(e)</num><content><p>omit subsection (3);</p></content></level><level class="para1" eId="section-129-3-f"><num>(f)</num><content><p><mod>for subsections (3A) and (3B) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e19891"><num>(3A)</num><intro><p>If a limited partnership is dissolved at a time when the partnership has at least one general partner who is—</p></intro><level class="para1"><num>(a)</num><content><p>solvent, and</p></content></level><level class="para1"><num>(b)</num><content><p>not disqualified under the directors disqualification legislation,</p></content></level><wrapUp><p>the general partners at that time who are solvent and are not so disqualified must either wind up the partnership’s affairs or take all reasonable steps to ensure that its affairs are wound up by a person who is not a partner at that time.</p></wrapUp></subsection><subsection eId="d28e19911"><num>(3B)</num><intro><p>If a limited partnership is dissolved at a time when the partnership does not have a general partner who is—</p></intro><level class="para1"><num>(a)</num><content><p>solvent, and</p></content></level><level class="para1"><num>(b)</num><content><p>not disqualified under the directors disqualification legislation,</p></content></level><wrapUp><p>the limited partners at that time who are solvent must take all reasonable steps to ensure that the partnership’s affairs are wound up by a person who is not a limited partner at that time.</p></wrapUp></subsection><subsection><num>(3BA)</num><content><p>For enforcement of the duties under subsections <ref href="#d28e19891">(3A)</ref> and <ref href="#d28e19911">(3B)</ref> see section 29.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-129-3-g"><num>(g)</num><content><p>omit subsection (3C).</p></content></level></subsection><subsection eId="section-129-4"><num>(4)</num><intro><p>In section 6A (private fund limited partnerships: actions by limited partners)—</p></intro><level class="para1" eId="section-129-4-a"><num>(a)</num><content><p>in the heading, omit “private fund limited partnerships:”;</p></content></level><level class="para1" eId="section-129-4-b"><num>(b)</num><content><p><mod>before subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>A1</num><content><p>A limited partner in a limited partnership is not to be regarded as taking part in the management of the partnership business for the purposes of section 6(1) merely because the limited partner appoints a person to wind up the limited partnership pursuant to section 6<ref href="#d28e19911">(3B)</ref>.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-129-4-c"><num>(c)</num><content><p>omit subsection (2)(b);</p></content></level><level class="para1" eId="section-129-4-d"><num>(d)</num><intro><p>in subsection (4)—</p></intro><level class="para2" eId="section-129-4-d-i"><num>(i)</num><content><p>in paragraph (a), omit “private fund”;</p></content></level><level class="para2" eId="section-129-4-d-ii"><num>(ii)</num><content><p>omit paragraph (b) and the “or” before it;</p></content></level></level><level class="para1" eId="section-129-4-e"><num>(e)</num><content><p><mod>after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><content><p>Nothing in subsections (1) to (3) affects the circumstances in which a limited partner in a limited partnership that is not a private fund limited partnership may be regarded as taking part in the management of the partnership business.</p></content></subsection></quotedStructure></mod></p></content></level></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-129-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-129-2"><num>(2)</num><intro><p>In section 4 (definition and constitution of limited partnership)—</p></intro><level class="para1" eId="section-129-2-a"><num>(a)</num><content><p><mod>in subsection (2), after “firm” insert <quotedText>“(including debts and obligations incurred in accordance with section 38 of the Partnership Act 1890)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-129-2-b"><num>(b)</num><content><p><mod>in subsections (2A) and (2B)(b), after “firm” insert <quotedText>“(including debts or obligations incurred in accordance with section 38 of the Partnership Act 1890)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-129-2-c"><num>(c)</num><content><p><mod>in subsection (3), after “firm” insert <quotedText>“(including debts and obligations incurred in accordance with section 38 of the Partnership Act 1890)”</quotedText>.</mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-129-2-a"><num>(a)</num><content><p><mod>in subsection (2), after “firm” insert <quotedText>“(including debts and obligations incurred in accordance with section 38 of the Partnership Act 1890)”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-129-2-b"><num>(b)</num><content><p><mod>in subsections (2A) and (2B)(b), after “firm” insert <quotedText>“(including debts or obligations incurred in accordance with section 38 of the Partnership Act 1890)”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-129-2-c"><num>(c)</num><content><p><mod>in subsection (3), after “firm” insert <quotedText>“(including debts and obligations incurred in accordance with section 38 of the Partnership Act 1890)”</quotedText>.</mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-129-3"><num>(3)</num><intro><p>In section 6 (modifications of general law in case of limited partnerships)—</p></intro><level class="para1" eId="section-129-3-a"><num>(a)</num><content><p><mod>in subsection (1), after “firm”, in the third place it occurs, insert <quotedText>“(including debts and obligations incurred in accordance with section 38 of the Partnership Act 1890)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-129-3-b"><num>(b)</num><content><p><mod>for subsection (1A) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><content><p>Section 6A (actions by limited partners) makes provision supplementing subsection (1).</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-129-3-c"><num>(c)</num><content><p>in subsection (2) omit “or bankruptcy”;</p></content></level><level class="para1" eId="section-129-3-d"><num>(d)</num><content><p><mod>after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e19846"><num>(2A)</num><content><p>A limited partnership shall not be dissolved under section 33(1) of the Partnership Act 1890 by the bankruptcy of a partner.</p></content></subsection><subsection><num>(2B)</num><intro><p>A limited partnership is dissolved if—</p></intro><level class="para1"><num>(a)</num><content><p>it ceases to have any general partners,</p></content></level><level class="para1"><num>(b)</num><content><p>it ceases to have any limited partners, or</p></content></level><level class="para1"><num>(c)</num><content><p>each general partner is either insolvent or disqualified under the directors disqualification legislation (see section 8J(3)), irrespective of whether they became insolvent or disqualified before or after this subsection comes into force.</p></content></level></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-129-3-e"><num>(e)</num><content><p>omit subsection (3);</p></content></level><level class="para1" eId="section-129-3-f"><num>(f)</num><content><p><mod>for subsections (3A) and (3B) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e19891"><num>(3A)</num><intro><p>If a limited partnership is dissolved at a time when the partnership has at least one general partner who is—</p></intro><level class="para1"><num>(a)</num><content><p>solvent, and</p></content></level><level class="para1"><num>(b)</num><content><p>not disqualified under the directors disqualification legislation,</p></content></level><wrapUp><p>the general partners at that time who are solvent and are not so disqualified must either wind up the partnership’s affairs or take all reasonable steps to ensure that its affairs are wound up by a person who is not a partner at that time.</p></wrapUp></subsection><subsection eId="d28e19911"><num>(3B)</num><intro><p>If a limited partnership is dissolved at a time when the partnership does not have a general partner who is—</p></intro><level class="para1"><num>(a)</num><content><p>solvent, and</p></content></level><level class="para1"><num>(b)</num><content><p>not disqualified under the directors disqualification legislation,</p></content></level><wrapUp><p>the limited partners at that time who are solvent must take all reasonable steps to ensure that the partnership’s affairs are wound up by a person who is not a limited partner at that time.</p></wrapUp></subsection><subsection><num>(3BA)</num><content><p>For enforcement of the duties under subsections <ref href="#d28e19891">(3A)</ref> and <ref href="#d28e19911">(3B)</ref> see section 29.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-129-3-g"><num>(g)</num><content><p>omit subsection (3C).</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-129-3-a"><num>(a)</num><content><p><mod>in subsection (1), after “firm”, in the third place it occurs, insert <quotedText>“(including debts and obligations incurred in accordance with section 38 of the Partnership Act 1890)”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-129-3-b"><num>(b)</num><content><p><mod>for subsection (1A) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><content><p>Section 6A (actions by limited partners) makes provision supplementing subsection (1).</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-129-3-c"><num>(c)</num><content><p>in subsection (2) omit “or bankruptcy”;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-129-3-d"><num>(d)</num><content><p><mod>after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e19846"><num>(2A)</num><content><p>A limited partnership shall not be dissolved under section 33(1) of the Partnership Act 1890 by the bankruptcy of a partner.</p></content></subsection><subsection><num>(2B)</num><intro><p>A limited partnership is dissolved if—</p></intro><level class="para1"><num>(a)</num><content><p>it ceases to have any general partners,</p></content></level><level class="para1"><num>(b)</num><content><p>it ceases to have any limited partners, or</p></content></level><level class="para1"><num>(c)</num><content><p>each general partner is either insolvent or disqualified under the directors disqualification legislation (see section 8J(3)), irrespective of whether they became insolvent or disqualified before or after this subsection comes into force.</p></content></level></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-129-3-e"><num>(e)</num><content><p>omit subsection (3);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-129-3-f"><num>(f)</num><content><p><mod>for subsections (3A) and (3B) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e19891"><num>(3A)</num><intro><p>If a limited partnership is dissolved at a time when the partnership has at least one general partner who is—</p></intro><level class="para1"><num>(a)</num><content><p>solvent, and</p></content></level><level class="para1"><num>(b)</num><content><p>not disqualified under the directors disqualification legislation,</p></content></level><wrapUp><p>the general partners at that time who are solvent and are not so disqualified must either wind up the partnership’s affairs or take all reasonable steps to ensure that its affairs are wound up by a person who is not a partner at that time.</p></wrapUp></subsection><subsection eId="d28e19911"><num>(3B)</num><intro><p>If a limited partnership is dissolved at a time when the partnership does not have a general partner who is—</p></intro><level class="para1"><num>(a)</num><content><p>solvent, and</p></content></level><level class="para1"><num>(b)</num><content><p>not disqualified under the directors disqualification legislation,</p></content></level><wrapUp><p>the limited partners at that time who are solvent must take all reasonable steps to ensure that the partnership’s affairs are wound up by a person who is not a limited partner at that time.</p></wrapUp></subsection><subsection><num>(3BA)</num><content><p>For enforcement of the duties under subsections <ref href="#d28e19891">(3A)</ref> and <ref href="#d28e19911">(3B)</ref> see section 29.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-129-3-g"><num>(g)</num><content><p>omit subsection (3C).</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-129-4"><num>(4)</num><intro><p>In section 6A (private fund limited partnerships: actions by limited partners)—</p></intro><level class="para1" eId="section-129-4-a"><num>(a)</num><content><p>in the heading, omit “private fund limited partnerships:”;</p></content></level><level class="para1" eId="section-129-4-b"><num>(b)</num><content><p><mod>before subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>A1</num><content><p>A limited partner in a limited partnership is not to be regarded as taking part in the management of the partnership business for the purposes of section 6(1) merely because the limited partner appoints a person to wind up the limited partnership pursuant to section 6<ref href="#d28e19911">(3B)</ref>.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-129-4-c"><num>(c)</num><content><p>omit subsection (2)(b);</p></content></level><level class="para1" eId="section-129-4-d"><num>(d)</num><intro><p>in subsection (4)—</p></intro><level class="para2" eId="section-129-4-d-i"><num>(i)</num><content><p>in paragraph (a), omit “private fund”;</p></content></level><level class="para2" eId="section-129-4-d-ii"><num>(ii)</num><content><p>omit paragraph (b) and the “or” before it;</p></content></level></level><level class="para1" eId="section-129-4-e"><num>(e)</num><content><p><mod>after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><content><p>Nothing in subsections (1) to (3) affects the circumstances in which a limited partner in a limited partnership that is not a private fund limited partnership may be regarded as taking part in the management of the partnership business.</p></content></subsection></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-129-4-a"><num>(a)</num><content><p>in the heading, omit “private fund limited partnerships:”;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-129-4-b"><num>(b)</num><content><p><mod>before subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>A1</num><content><p>A limited partner in a limited partnership is not to be regarded as taking part in the management of the partnership business for the purposes of section 6(1) merely because the limited partner appoints a person to wind up the limited partnership pursuant to section 6<ref href="#d28e19911">(3B)</ref>.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-129-4-c"><num>(c)</num><content><p>omit subsection (2)(b);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-129-4-d"><num>(d)</num><intro><p>in subsection (4)—</p></intro><level class="para2" eId="section-129-4-d-i"><num>(i)</num><content><p>in paragraph (a), omit “private fund”;</p></content></level><level class="para2" eId="section-129-4-d-ii"><num>(ii)</num><content><p>omit paragraph (b) and the “or” before it;</p></content></level></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-129-4-d-i"><num>(i)</num><content><p>in paragraph (a), omit “private fund”;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-129-4-d-ii"><num>(ii)</num><content><p>omit paragraph (b) and the “or” before it;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-129-4-e"><num>(e)</num><content><p><mod>after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><content><p>Nothing in subsections (1) to (3) affects the circumstances in which a limited partner in a limited partnership that is not a private fund limited partnership may be regarded as taking part in the management of the partnership business.</p></content></subsection></quotedStructure></mod></p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-130"><num>130</num><heading>Dissolution by the court when a partner has a mental disorder</heading><subsection eId="section-130-1"><num>(1)</num><content><p><mod>In section 35 of the Partnership Act 1890 (dissolution by the Court), for paragraph (a) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(a)</num><content><p>When a partner has a mental disorder within the meaning of section 328 of the Mental Health (Care and Treatment) (Scotland) Act 2003 or section 305 of the Mental Capacity Act (Northern Ireland) 2016 (as the case may be):</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-130-2"><num>(2)</num><content><p>In section 6 of the Limited Partnerships Act 1907 (modifications of general law in case of limited partnerships), in subsection (2), omit the words from “, and” to the end.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-130-1"><num>(1)</num><content><p><mod>In section 35 of the Partnership Act 1890 (dissolution by the Court), for paragraph (a) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(a)</num><content><p>When a partner has a mental disorder within the meaning of section 328 of the Mental Health (Care and Treatment) (Scotland) Act 2003 or section 305 of the Mental Capacity Act (Northern Ireland) 2016 (as the case may be):</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-130-2"><num>(2)</num><content><p>In section 6 of the Limited Partnerships Act 1907 (modifications of general law in case of limited partnerships), in subsection (2), omit the words from “, and” to the end.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-131"><num>131</num><heading>Winding up limited partnerships on grounds of public interest</heading><content><p><mod>After section 27 of the Limited Partnerships Act 1907 (inserted by section 144 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Winding up: applications and petitions to the court</heading><section><num>28</num><heading>Winding up limited partnerships on grounds of public interest</heading><subsection eId="d28e20068"><num>(1)</num><content><p>Where it appears to the Secretary of State that it is expedient in the public interest for a limited partnership to be wound up, the Secretary of State may present a petition to the court for it to be wound up.</p></content></subsection><subsection><num>(2)</num><content><p>Where it appears to the Scottish Ministers that it is expedient in the public interest for a limited partnership registered in Scotland to be wound up, the Scottish Ministers may present a petition to the court for it to be wound up.</p></content></subsection><subsection><num>(3)</num><content><p>Where it appears to the Department for the Economy in Northern Ireland that it is expedient in the public interest for a limited partnership registered in Northern Ireland to be wound up, the Department may present a petition to the court for it to be wound up.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State must consult the Scottish Ministers before presenting a petition under subsection (1) in respect of a limited partnership registered in Scotland.</p></content></subsection><subsection><num>(5)</num><content><p>The Secretary of State must consult the Department for the Economy in Northern Ireland before presenting a petition under subsection (1) in respect of a limited partnership registered in Northern Ireland.</p></content></subsection><subsection eId="d28e20098"><num>(6)</num><content><p>If a petition is presented under this section, the court may wind up the limited partnership if the court is of the opinion that it is just and equitable for it to be wound up.</p></content></subsection><subsection><num>(7)</num><content><p>The power in subsection <ref href="#d28e20098">(6)</ref> does not limit any other power the court has in the same circumstances.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-132"><num>132</num><heading>Winding up dissolved limited partnerships</heading><content><p><mod>After section 28 of the Limited Partnerships Act 1907 (inserted by section 131 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>29</num><heading>Winding up dissolved limited partnerships</heading><subsection eId="d28e20131"><num>(1)</num><intro><p>Where a limited partnership is dissolved and it appears to the court that there has been a failure to wind up the limited partnership under section 6(3A) or (3B) properly or at all, the court may make any order it considers appropriate, including an order—</p></intro><level class="para1"><num>(a)</num><content><p>for the purposes of enforcing the duty in section 6<ref href="#d28e19891">(3A)</ref> or <ref href="#d28e19911">(3B)</ref>,</p></content></level><level class="para1"><num>(b)</num><content><p>in connection with the performance of that duty, or</p></content></level><level class="para1" eId="d28e20155"><num>(c)</num><content><p>to wind up the limited partnership.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The court may make an order under subsection <ref href="#d28e20131">(1)</ref> on an application by any of the following—</p></intro><level class="para1"><num>(a)</num><content><p>the Secretary of State;</p></content></level><level class="para1"><num>(b)</num><content><p>the Scottish Ministers, but only if the limited partnership is registered in Scotland or they appear to the court to have sufficient interest for any other reason;</p></content></level><level class="para1"><num>(c)</num><content><p>the Department for the Economy in Northern Ireland, but only if the limited partnership is registered in Northern Ireland or the Department appears to the court to have sufficient interest for any other reason;</p></content></level><level class="para1"><num>(d)</num><content><p>any other person appearing to the court to have sufficient interest.</p></content></level></subsection><subsection><num>(3)</num><content><p>The Secretary of State must consult the Scottish Ministers before making an application for an order under subsection (1) in respect of a limited partnership registered in Scotland.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State must consult the Department for the Economy in Northern Ireland before making an application for an order under subsection (1) in respect of a limited partnership registered in Northern Ireland.</p></content></subsection><subsection eId="d28e20206"><num>(5)</num><content><p>The power in subsection <ref href="#d28e20131">(1)</ref> does not limit any other power the court has in the same circumstances.</p></content></subsection></section></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-133"><num>133</num><heading>Power to make provision about winding up</heading><content><p><mod>After section 29 of the Limited Partnerships Act 1907 (inserted by section 132 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e20229"><num>30</num><heading>Power to make provision about winding up</heading><subsection eId="d28e20233"><num>(1)</num><content><p>The Secretary of State may by regulations make provision in relation to the winding up of a limited partnership under section 28 or 29 that corresponds or is similar to any provision of the Insolvency Act 1986 or the Insolvency (Northern Ireland) Order 1989 (including any provision of that Act or Order that relates to the allocation of jurisdiction or distribution of business between courts in any part of the United Kingdom).</p></content></subsection><subsection eId="d28e20239"><num>(2)</num><intro><p>Before making regulations under subsection <ref href="#d28e20233">(1)</ref> the Secretary of State must—</p></intro><level class="para1"><num>(a)</num><content><p>obtain the consent of the Department for the Economy in Northern Ireland, so far as the regulations relate to limited partnerships registered in Northern Ireland;</p></content></level><level class="para1"><num>(b)</num><content><p>obtain the consent of the Scottish Ministers, so far as the regulations relate to limited partnerships registered in Scotland.</p></content></level></subsection><subsection><num>(3)</num><intro><p>The provision that may be made by regulations under subsection <ref href="#d28e20233">(1)</ref> by virtue of section 38(1) includes provision amending, repealing or revoking provision made by or under either of the following, whenever passed or made—</p></intro><level class="para1"><num>(a)</num><content><p>an Act;</p></content></level><level class="para1"><num>(b)</num><content><p>Northern Ireland legislation.</p></content></level></subsection><subsection><num>(4)</num><content><p>Regulations under this section are subject to the affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-134"><num>134</num><heading>Winding up of limited partnerships: concurrent proceedings</heading><subsection eId="section-134-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-134-2"><num>(2)</num><content><p><mod>In section 6 (modifications of general law in case of limited partnerships), for subsection (3D) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3D)</num><content><p>Subsections (3A) and (3B) have effect subject to any order of a court as to the winding up of the affairs of the partnership and any award of sequestration of the partnership’s estate under the Bankruptcy (Scotland) Act 2016.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-134-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e20229">30</ref> (inserted by section 133 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e20327"><num>31</num><heading>Winding up of limited partnerships: concurrent proceedings</heading><subsection eId="d28e20331"><num>(1)</num><content><p>Where a petition under section 28 in respect of a limited partnership is pending, a general partner of the limited partnership who is or becomes aware of any of the circumstances mentioned in subsection <ref href="#d28e20364">(3)</ref> must notify the court to which the petition was presented.</p></content></subsection><subsection eId="d28e20340"><num>(2)</num><intro><p>Where an application under section 29 in respect of a limited partnership is pending—</p></intro><level class="para1"><num>(a)</num><content><p>a general partner of the limited partnership who is or becomes aware any of the circumstances mentioned in subsection <ref href="#d28e20364">(3)</ref> must notify the court to which the application was made, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the application was made by a person other than the Secretary of State, the applicant must notify the court to which the application was made if the applicant is or becomes aware of any of the circumstances mentioned in subsection <ref href="#d28e20364">(3)</ref>.</p></content></level></subsection><subsection eId="d28e20364"><num>(3)</num><intro><p>The circumstances are that—</p></intro><level class="para1"><num>(a)</num><content><p>a petition for sequestration of the limited partnership’s estate under the Bankruptcy (Scotland) Act 2016 is before a sheriff,</p></content></level><level class="para1"><num>(b)</num><content><p>an application to the Accountant in Bankruptcy for sequestration of the limited partnership’s estate under that Act is pending,</p></content></level><level class="para1"><num>(c)</num><content><p>sequestration has been awarded by virtue of any such petition or application and the limited partnership’s estate is being sequestrated,</p></content></level><level class="para1"><num>(d)</num><content><p>a trust deed in respect of the limited partnership’s estate has been sent to the Accountant in Bankruptcy for registration under that Act and the registration has not been refused,</p></content></level><level class="para1"><num>(e)</num><content><p>a protected trust deed (within the meaning of that Act) is in force in respect of the limited partnership’s estate,</p></content></level><level class="para1"><num>(f)</num><content><p>an application by the limited partnership for approval of a debt payment programme under the Debt Arrangement and Attachment (Scotland) Act 2002 is pending, or</p></content></level><level class="para1"><num>(g)</num><content><p>such a programme has been approved under that Act and has not been completed.</p></content></level></subsection><subsection><num>(4)</num><content><p>A person is not required to notify the court of circumstances under subsection <ref href="#d28e20331">(1)</ref> or <ref href="#d28e20340">(2)</ref> if another person has notified the court of those circumstances.</p></content></subsection><subsection><num>(5)</num><intro><p>If a person fails to comply with subsection <ref href="#d28e20331">(1)</ref> or <ref href="#d28e20340">(2)</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the person, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the person is a legal entity, any of its managing officers who is in default.</p></content></level></subsection><subsection><num>(6)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(7)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e20475"><num>(8)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(9)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e20475">(8)</ref>).</p></content></subsection><subsection><num>(10)</num><content><p>For the purposes of this section a petition or application is “pending” if it has been presented or made and it has not fallen, been withdrawn or been determined.</p></content></subsection></section><section><num>32</num><heading>Power to amend circumstances for notification under section <ref href="#d28e20327">31</ref></heading><subsection eId="d28e20505"><num>(1)</num><content><p>The Secretary of State or the Scottish Ministers may by regulations amend the list in section <ref href="#d28e20327">31</ref><ref href="#d28e20364">(3)</ref>.</p></content></subsection><subsection><num>(2)</num><content><p>Before making regulations under subsection <ref href="#d28e20505">(1)</ref> the Secretary of State must obtain the consent of the Scottish Ministers.</p></content></subsection><subsection><num>(3)</num><content><p>Regulations made by the Secretary of State under subsection <ref href="#d28e20505">(1)</ref> are subject to the affirmative resolution procedure.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations made by the Scottish Ministers under subsection <ref href="#d28e20505">(1)</ref> are subject to the affirmative procedure (see Part 2 of the Interpretation and Legislative Reform (Scotland) Act <ref eId="c00015" href="http://www.legislation.gov.uk/id/asp/2010/10">2010 (asp 10)</ref>).</p></content></subsection></section></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-134-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-134-2"><num>(2)</num><content><p><mod>In section 6 (modifications of general law in case of limited partnerships), for subsection (3D) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3D)</num><content><p>Subsections (3A) and (3B) have effect subject to any order of a court as to the winding up of the affairs of the partnership and any award of sequestration of the partnership’s estate under the Bankruptcy (Scotland) Act 2016.</p></content></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-134-3"><num>(3)</num><content><p><mod>After section <ref href="#d28e20229">30</ref> (inserted by section 133 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e20327"><num>31</num><heading>Winding up of limited partnerships: concurrent proceedings</heading><subsection eId="d28e20331"><num>(1)</num><content><p>Where a petition under section 28 in respect of a limited partnership is pending, a general partner of the limited partnership who is or becomes aware of any of the circumstances mentioned in subsection <ref href="#d28e20364">(3)</ref> must notify the court to which the petition was presented.</p></content></subsection><subsection eId="d28e20340"><num>(2)</num><intro><p>Where an application under section 29 in respect of a limited partnership is pending—</p></intro><level class="para1"><num>(a)</num><content><p>a general partner of the limited partnership who is or becomes aware any of the circumstances mentioned in subsection <ref href="#d28e20364">(3)</ref> must notify the court to which the application was made, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the application was made by a person other than the Secretary of State, the applicant must notify the court to which the application was made if the applicant is or becomes aware of any of the circumstances mentioned in subsection <ref href="#d28e20364">(3)</ref>.</p></content></level></subsection><subsection eId="d28e20364"><num>(3)</num><intro><p>The circumstances are that—</p></intro><level class="para1"><num>(a)</num><content><p>a petition for sequestration of the limited partnership’s estate under the Bankruptcy (Scotland) Act 2016 is before a sheriff,</p></content></level><level class="para1"><num>(b)</num><content><p>an application to the Accountant in Bankruptcy for sequestration of the limited partnership’s estate under that Act is pending,</p></content></level><level class="para1"><num>(c)</num><content><p>sequestration has been awarded by virtue of any such petition or application and the limited partnership’s estate is being sequestrated,</p></content></level><level class="para1"><num>(d)</num><content><p>a trust deed in respect of the limited partnership’s estate has been sent to the Accountant in Bankruptcy for registration under that Act and the registration has not been refused,</p></content></level><level class="para1"><num>(e)</num><content><p>a protected trust deed (within the meaning of that Act) is in force in respect of the limited partnership’s estate,</p></content></level><level class="para1"><num>(f)</num><content><p>an application by the limited partnership for approval of a debt payment programme under the Debt Arrangement and Attachment (Scotland) Act 2002 is pending, or</p></content></level><level class="para1"><num>(g)</num><content><p>such a programme has been approved under that Act and has not been completed.</p></content></level></subsection><subsection><num>(4)</num><content><p>A person is not required to notify the court of circumstances under subsection <ref href="#d28e20331">(1)</ref> or <ref href="#d28e20340">(2)</ref> if another person has notified the court of those circumstances.</p></content></subsection><subsection><num>(5)</num><intro><p>If a person fails to comply with subsection <ref href="#d28e20331">(1)</ref> or <ref href="#d28e20340">(2)</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the person, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the person is a legal entity, any of its managing officers who is in default.</p></content></level></subsection><subsection><num>(6)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(7)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e20475"><num>(8)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(9)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e20475">(8)</ref>).</p></content></subsection><subsection><num>(10)</num><content><p>For the purposes of this section a petition or application is “pending” if it has been presented or made and it has not fallen, been withdrawn or been determined.</p></content></subsection></section><section><num>32</num><heading>Power to amend circumstances for notification under section <ref href="#d28e20327">31</ref></heading><subsection eId="d28e20505"><num>(1)</num><content><p>The Secretary of State or the Scottish Ministers may by regulations amend the list in section <ref href="#d28e20327">31</ref><ref href="#d28e20364">(3)</ref>.</p></content></subsection><subsection><num>(2)</num><content><p>Before making regulations under subsection <ref href="#d28e20505">(1)</ref> the Secretary of State must obtain the consent of the Scottish Ministers.</p></content></subsection><subsection><num>(3)</num><content><p>Regulations made by the Secretary of State under subsection <ref href="#d28e20505">(1)</ref> are subject to the affirmative resolution procedure.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations made by the Scottish Ministers under subsection <ref href="#d28e20505">(1)</ref> are subject to the affirmative procedure (see Part 2 of the Interpretation and Legislative Reform (Scotland) Act <ref eId="c00015" href="http://www.legislation.gov.uk/id/asp/2010/10">2010 (asp 10)</ref>).</p></content></subsection></section></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-135"><num>135</num><heading>Sequestration of limited partnerships: concurrent winding up proceedings</heading><subsection eId="section-135-1"><num>(1)</num><content><p>The Bankruptcy (Scotland) Act 2016 is amended as follows.</p></content></subsection><subsection eId="section-135-2"><num>(2)</num><intro><p>In section 17 (concurrent proceedings for sequestration or analogous remedy)—</p></intro><level class="para1" eId="section-135-2-a"><num>(a)</num><content><p><mod>in subsection (2)(b), after “awarded” insert <quotedText>“and the debtor’s estate is being sequestrated”</quotedText>;</mod></p></content></level><level class="para1" eId="section-135-2-b"><num>(b)</num><intro><p>in subsection (2)(c)—</p></intro><level class="para2" eId="section-135-2-b-i"><num>(i)</num><content><p>omit “has been made”;</p></content></level><level class="para2" eId="section-135-2-b-ii"><num>(ii)</num><content><p><mod>after “estate” insert <quotedText>“is pending”</quotedText>;</mod></p></content></level></level><level class="para1" eId="section-135-2-c"><num>(c)</num><content><p><mod>in subsection (2)(d), after “application” insert <quotedText>“and the debtor’s estate is being sequestrated”</quotedText>;</mod></p></content></level><level class="para1" eId="section-135-2-d"><num>(d)</num><content><p><mod>in subsection (2)(g), after “under” insert <quotedText>“section 28 of the Limited Partnerships Act 1907,”</quotedText>;</mod></p></content></level><level class="para1" eId="section-135-2-e"><num>(e)</num><content><p><mod>after subsection (2)(g) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ga)</num><content><p>such a petition has been granted,</p></content></level><level class="para1"><num>(gb)</num><content><p>an application in respect of the debtor is before a court under section 29 of the Limited Partnerships Act 1907,</p></content></level><level class="para1"><num>(gc)</num><content><p>such an application has been granted,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-135-2-f"><num>(f)</num><content><p><mod>after subsection (7) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7A)</num><content><p>For the purposes of subsection (2)(c), a debtor application is “pending” if it has been made and has not fallen, been withdrawn or been determined.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-135-3"><num>(3)</num><intro><p>In section 18 (powers in relation to concurrent proceedings)—</p></intro><level class="para1" eId="section-135-3-a"><num>(a)</num><content><p><mod>in subsection (1), for “(g)” substitute <quotedText>“(gc)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-135-3-b"><num>(b)</num><content><p><mod>in subsection (2), for “or (g)” substitute <quotedText>“, (g), (ga), (gb) or (gc)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-135-3-c"><num>(c)</num><content><p><mod>in subsection (8), for “(g)” substitute <quotedText>“(gc)”</quotedText>.</mod></p></content></level></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-135-1"><num>(1)</num><content><p>The Bankruptcy (Scotland) Act 2016 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-135-2"><num>(2)</num><intro><p>In section 17 (concurrent proceedings for sequestration or analogous remedy)—</p></intro><level class="para1" eId="section-135-2-a"><num>(a)</num><content><p><mod>in subsection (2)(b), after “awarded” insert <quotedText>“and the debtor’s estate is being sequestrated”</quotedText>;</mod></p></content></level><level class="para1" eId="section-135-2-b"><num>(b)</num><intro><p>in subsection (2)(c)—</p></intro><level class="para2" eId="section-135-2-b-i"><num>(i)</num><content><p>omit “has been made”;</p></content></level><level class="para2" eId="section-135-2-b-ii"><num>(ii)</num><content><p><mod>after “estate” insert <quotedText>“is pending”</quotedText>;</mod></p></content></level></level><level class="para1" eId="section-135-2-c"><num>(c)</num><content><p><mod>in subsection (2)(d), after “application” insert <quotedText>“and the debtor’s estate is being sequestrated”</quotedText>;</mod></p></content></level><level class="para1" eId="section-135-2-d"><num>(d)</num><content><p><mod>in subsection (2)(g), after “under” insert <quotedText>“section 28 of the Limited Partnerships Act 1907,”</quotedText>;</mod></p></content></level><level class="para1" eId="section-135-2-e"><num>(e)</num><content><p><mod>after subsection (2)(g) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ga)</num><content><p>such a petition has been granted,</p></content></level><level class="para1"><num>(gb)</num><content><p>an application in respect of the debtor is before a court under section 29 of the Limited Partnerships Act 1907,</p></content></level><level class="para1"><num>(gc)</num><content><p>such an application has been granted,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-135-2-f"><num>(f)</num><content><p><mod>after subsection (7) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7A)</num><content><p>For the purposes of subsection (2)(c), a debtor application is “pending” if it has been made and has not fallen, been withdrawn or been determined.</p></content></subsection></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-135-2-a"><num>(a)</num><content><p><mod>in subsection (2)(b), after “awarded” insert <quotedText>“and the debtor’s estate is being sequestrated”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-135-2-b"><num>(b)</num><intro><p>in subsection (2)(c)—</p></intro><level class="para2" eId="section-135-2-b-i"><num>(i)</num><content><p>omit “has been made”;</p></content></level><level class="para2" eId="section-135-2-b-ii"><num>(ii)</num><content><p><mod>after “estate” insert <quotedText>“is pending”</quotedText>;</mod></p></content></level></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-135-2-b-i"><num>(i)</num><content><p>omit “has been made”;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-135-2-b-ii"><num>(ii)</num><content><p><mod>after “estate” insert <quotedText>“is pending”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-135-2-c"><num>(c)</num><content><p><mod>in subsection (2)(d), after “application” insert <quotedText>“and the debtor’s estate is being sequestrated”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-135-2-d"><num>(d)</num><content><p><mod>in subsection (2)(g), after “under” insert <quotedText>“section 28 of the Limited Partnerships Act 1907,”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-135-2-e"><num>(e)</num><content><p><mod>after subsection (2)(g) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ga)</num><content><p>such a petition has been granted,</p></content></level><level class="para1"><num>(gb)</num><content><p>an application in respect of the debtor is before a court under section 29 of the Limited Partnerships Act 1907,</p></content></level><level class="para1"><num>(gc)</num><content><p>such an application has been granted,</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-135-2-f"><num>(f)</num><content><p><mod>after subsection (7) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7A)</num><content><p>For the purposes of subsection (2)(c), a debtor application is “pending” if it has been made and has not fallen, been withdrawn or been determined.</p></content></subsection></quotedStructure></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-135-3"><num>(3)</num><intro><p>In section 18 (powers in relation to concurrent proceedings)—</p></intro><level class="para1" eId="section-135-3-a"><num>(a)</num><content><p><mod>in subsection (1), for “(g)” substitute <quotedText>“(gc)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-135-3-b"><num>(b)</num><content><p><mod>in subsection (2), for “or (g)” substitute <quotedText>“, (g), (ga), (gb) or (gc)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-135-3-c"><num>(c)</num><content><p><mod>in subsection (8), for “(g)” substitute <quotedText>“(gc)”</quotedText>.</mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-135-3-a"><num>(a)</num><content><p><mod>in subsection (1), for “(g)” substitute <quotedText>“(gc)”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-135-3-b"><num>(b)</num><content><p><mod>in subsection (2), for “or (g)” substitute <quotedText>“, (g), (ga), (gb) or (gc)”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-135-3-c"><num>(c)</num><content><p><mod>in subsection (8), for “(g)” substitute <quotedText>“(gc)”</quotedText>.</mod></p></content></level>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-the-register-of-limited-partnerships"><heading>The register of limited partnerships</heading><section eId="section-136"><num>136</num><heading>The register of limited partnerships</heading><subsection eId="section-136-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-136-2"><num>(2)</num><content><p><mod>In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-the-register-of-limited-partnerships">the register of limited partnerships</term>” means the records kept by the registrar under section 1080 of the Companies Act 2006 relating to limited partnerships;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-136-3"><num>(3)</num><content><p>Omit sections 13 and 14.</p></content></subsection><subsection eId="section-136-4"><num>(4)</num><content><p><mod>For section 16 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>The register of limited partnerships</heading><section><num>16</num><heading>Inspection and copies of the register of limited partnerships</heading><subsection><num>(1)</num><intro><p>Any person may—</p></intro><level class="para1"><num>(a)</num><content><p>inspect the register of limited partnerships;</p></content></level><level class="para1"><num>(b)</num><content><p>require a copy of any material on the register of limited partnerships that is available for inspection.</p></content></level></subsection><subsection><num>(2)</num><content><p>The right of inspection extends to the originals of documents delivered to the registrar in hard copy form if, and only if, the record kept by the registrar of the contents of the document is illegible or unavailable (see section 1083(1) of the Companies Act 2006 for provision about the retention of hard copies by the registrar).</p></content></subsection><subsection><num>(3)</num><content><p>The registrar may specify the form and manner in which an application is to be made for inspection or a copy.</p></content></subsection><subsection><num>(4)</num><content><p>The registrar may determine the form and manner in which the copies are to be provided.</p></content></subsection><subsection><num>(5)</num><content><p>Section 1091 of the Companies Act 2006 (certification of copies), and any regulations made under it, apply in relation to copies provided under this section as they apply in relation to the copies provided as mentioned in that section.</p></content></subsection><subsection><num>(6)</num><content><p>This section has effect subject to section <ref href="#d28e20818">16A</ref> and <ref href="#d28e21062">16B</ref>.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section><section eId="section-137"><num>137</num><heading>Material not available for public inspection</heading><subsection eId="section-137-1"><num>(1)</num><content><p><mod>After section 16 of the Limited Partnerships Act 1907 (inserted by section 136 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e20818"><num>16A</num><heading>Material not available for public inspection</heading><subsection eId="d28e20822"><num>(1)</num><intro><p>The registrar must not make the following material available for public inspection, so far as it forms part of the register of limited partnerships—</p></intro><level class="para1" eId="d28e20828"><num>(a)</num><content><p>any application or other document delivered to the registrar under section 8G, 8Q or 8W (changes of addresses by registrar) other than an order or direction of the court;</p></content></level><level class="para1" eId="d28e20834"><num>(b)</num><intro><p>so much of any document delivered to the registrar as is required to contain—</p></intro><level class="para2"><num>(i)</num><content><p>a limited partnership’s registered email address,</p></content></level><level class="para2"><num>(ii)</num><content><p>the email address of the named contact for a general partner’s managing officer,</p></content></level><level class="para2"><num>(iii)</num><content><p>protected date of birth information, or</p></content></level><level class="para2"><num>(iv)</num><content><p>protected residential address information;</p></content></level></level><level class="para1"><num>(c)</num><content><p>so much of any statement delivered to the registrar under any of the following provisions as is required to confirm that an individual is an individual whose identity is verified (within the meaning of section 1110A of the Companies Act 2006)—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 8A(1F)(b);</p></item><item><p>section 8L(3)(a) or (b);</p></item><item><p>section 8R(7)(b);</p></item></blockList></content></level><level class="para1"><num>(d)</num><content><p>any statement delivered to the registrar by virtue of section 33(3) (documents to be delivered by authorised corporate service providers);</p></content></level><level class="para1"><num>(e)</num><content><p>any statement or other document delivered to the registrar by virtue of section 1067A of the Companies Act 2006 (delivery of documents: identity verification and authorised corporate service providers);</p></content></level><level class="para1"><num>(f)</num><content><p>any statement made in accordance with regulations made by virtue of section 1082(2)(c) of the Companies Act 2006 (statement of unique identifier);</p></content></level><level class="para1" eId="d28e20901"><num>(g)</num><content><p>any document provided to the registrar under section <ref href="#d28e11932">1092A</ref> of the Companies Act 2006 (power to require further information);</p></content></level><level class="para1" eId="d28e20910"><num>(h)</num><content><p>any record of the information contained in a document or part of a document that is unavailable because of any of the previous paragraphs of this subsection;</p></content></level><level class="para1" eId="d28e20916"><num>(i)</num><content><p>any e-mail address, identification code or password deriving from a document delivered for the purpose of authorising or facilitating electronic filing procedures or providing information by telephone;</p></content></level><level class="para1"><num>(j)</num><content><p>any other material excluded from public inspection by or under any other enactment.</p></content></level></subsection><subsection eId="d28e20928"><num>(2)</num><content><p>The registrar need not retain material to which subsection <ref href="#d28e20822">(1)</ref> applies for longer than appears to the registrar reasonably necessary for the purposes for which the material was delivered to the registrar.</p></content></subsection><subsection eId="d28e20937"><num>(3)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-protected-date-of-birth-information">protected date of birth information</term>” means information as to the day of the month (but not the month or year) on which—</p></intro><level class="para1"><num>(a)</num><content><p>a partner was born, or</p></content></level><level class="para1"><num>(b)</num><content><p>a general partner’s registered officer was born;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-protected-residential-address-information">protected residential address information</term>” means information as to the usual residential address of—</p></intro><level class="para1"><num>(a)</num><content><p>a partner,</p></content></level><level class="para1"><num>(b)</num><content><p>a general partner’s registered officer, or</p></content></level><level class="para1"><num>(c)</num><content><p>the named contact for a general partner’s managing officer.</p></content></level></hcontainer></subsection><subsection><num>(4)</num><content><p>Information about a partner, registered officer or named contact does not cease to be protected date of birth information or protected residential address information when they cease to be a partner, registered officer or named contact.</p></content></subsection><subsection eId="d28e20986"><num>(5)</num><content><p>The restrictions on making information available for public inspection imposed by subsection <ref href="#d28e20910">(1)(h)</ref> and <ref href="#d28e20916">(i)</ref> do not affect the availability for public inspection of the same information contained in material derived from another description of document (or part of a document) in relation to which the relevant restriction does not apply.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “registered officer” and “named contact” have the meanings given by section <ref href="#d28e17226">8K</ref><ref href="#d28e17281">(4)</ref> and <ref href="#d28e17335">(5)</ref>.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-137-2"><num>(2)</num><content><p><mod>In section 1083 of the Companies Act 2006 (preservation of original documents), in subsection (1), for the second sentence substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><p>This is subject to—</p><level class="para1"><num>(a)</num><content><p>section 1087(3) (extent of obligation to retain material not available for public inspection);</p></content></level><level class="para1"><num>(b)</num><content><p>section <ref href="#d28e20818">16A</ref><ref href="#d28e20928">(2)</ref> of the Limited Partnerships Act 1907 (extent of obligation to retain material not available for public inspection);</p></content></level><level class="para1"><num>(c)</num><content><p>section 22(5) of the Economic Crime (Transparency and Enforcement) Act 2022 (extent of obligation to retain material not available for public inspection).</p></content></level></quotedStructure></mod></p></content></subsection></section><section eId="section-138"><num>138</num><heading>Records relating to dissolved or deregistered limited partnerships</heading><content><p><mod>After section <ref href="#d28e20818">16A</ref> of the Limited Partnerships Act 1907 (inserted by section 137 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e21062"><num>16B</num><heading>Records relating to dissolved or deregistered limited partnerships</heading><subsection><num>(1)</num><content><p>This section applies where a limited partnership is dissolved or deregistered under section 26.</p></content></subsection><subsection><num>(2)</num><content><p>The registrar need not make any information contained in records relating to the limited partnership available for public inspection at any time after the end of the period of 20 years beginning with the date on which the limited partnership is dissolved or deregistered.</p></content></subsection><subsection eId="d28e21078"><num>(3)</num><content><p>The registrar of companies for England and Wales may, at any time after the period of two years beginning with the date on which the limited partnership is dissolved or deregistered, direct that any records relating to the limited partnership that are held by the registrar are to be removed to the Public Record Office.</p></content></subsection><subsection eId="d28e21084"><num>(4)</num><content><p>The registrar of companies for Northern Ireland may, at any time after the period of two years beginning with the date on which the limited partnership is dissolved or deregistered, direct that any records relating to the limited partnership that are held by the registrar are to be removed to the Public Record Office of Northern Ireland.</p></content></subsection><subsection><num>(5)</num><content><p>Records in respect of which a direction is given under subsection <ref href="#d28e21078">(3)</ref> or <ref href="#d28e21084">(4)</ref> are to be disposed of under the enactments relating to the Public Record Office or, as the case may be, the Public Record Office of Northern Ireland.</p></content></subsection></section></quotedStructure></mod></p></content></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-136"><num>136</num><heading>The register of limited partnerships</heading><subsection eId="section-136-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-136-2"><num>(2)</num><content><p><mod>In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-the-register-of-limited-partnerships">the register of limited partnerships</term>” means the records kept by the registrar under section 1080 of the Companies Act 2006 relating to limited partnerships;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-136-3"><num>(3)</num><content><p>Omit sections 13 and 14.</p></content></subsection><subsection eId="section-136-4"><num>(4)</num><content><p><mod>For section 16 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>The register of limited partnerships</heading><section><num>16</num><heading>Inspection and copies of the register of limited partnerships</heading><subsection><num>(1)</num><intro><p>Any person may—</p></intro><level class="para1"><num>(a)</num><content><p>inspect the register of limited partnerships;</p></content></level><level class="para1"><num>(b)</num><content><p>require a copy of any material on the register of limited partnerships that is available for inspection.</p></content></level></subsection><subsection><num>(2)</num><content><p>The right of inspection extends to the originals of documents delivered to the registrar in hard copy form if, and only if, the record kept by the registrar of the contents of the document is illegible or unavailable (see section 1083(1) of the Companies Act 2006 for provision about the retention of hard copies by the registrar).</p></content></subsection><subsection><num>(3)</num><content><p>The registrar may specify the form and manner in which an application is to be made for inspection or a copy.</p></content></subsection><subsection><num>(4)</num><content><p>The registrar may determine the form and manner in which the copies are to be provided.</p></content></subsection><subsection><num>(5)</num><content><p>Section 1091 of the Companies Act 2006 (certification of copies), and any regulations made under it, apply in relation to copies provided under this section as they apply in relation to the copies provided as mentioned in that section.</p></content></subsection><subsection><num>(6)</num><content><p>This section has effect subject to section <ref href="#d28e20818">16A</ref> and <ref href="#d28e21062">16B</ref>.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-136-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-136-2"><num>(2)</num><content><p><mod>In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-the-register-of-limited-partnerships">the register of limited partnerships</term>” means the records kept by the registrar under section 1080 of the Companies Act 2006 relating to limited partnerships;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-136-3"><num>(3)</num><content><p>Omit sections 13 and 14.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-136-4"><num>(4)</num><content><p><mod>For section 16 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>The register of limited partnerships</heading><section><num>16</num><heading>Inspection and copies of the register of limited partnerships</heading><subsection><num>(1)</num><intro><p>Any person may—</p></intro><level class="para1"><num>(a)</num><content><p>inspect the register of limited partnerships;</p></content></level><level class="para1"><num>(b)</num><content><p>require a copy of any material on the register of limited partnerships that is available for inspection.</p></content></level></subsection><subsection><num>(2)</num><content><p>The right of inspection extends to the originals of documents delivered to the registrar in hard copy form if, and only if, the record kept by the registrar of the contents of the document is illegible or unavailable (see section 1083(1) of the Companies Act 2006 for provision about the retention of hard copies by the registrar).</p></content></subsection><subsection><num>(3)</num><content><p>The registrar may specify the form and manner in which an application is to be made for inspection or a copy.</p></content></subsection><subsection><num>(4)</num><content><p>The registrar may determine the form and manner in which the copies are to be provided.</p></content></subsection><subsection><num>(5)</num><content><p>Section 1091 of the Companies Act 2006 (certification of copies), and any regulations made under it, apply in relation to copies provided under this section as they apply in relation to the copies provided as mentioned in that section.</p></content></subsection><subsection><num>(6)</num><content><p>This section has effect subject to section <ref href="#d28e20818">16A</ref> and <ref href="#d28e21062">16B</ref>.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-137"><num>137</num><heading>Material not available for public inspection</heading><subsection eId="section-137-1"><num>(1)</num><content><p><mod>After section 16 of the Limited Partnerships Act 1907 (inserted by section 136 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e20818"><num>16A</num><heading>Material not available for public inspection</heading><subsection eId="d28e20822"><num>(1)</num><intro><p>The registrar must not make the following material available for public inspection, so far as it forms part of the register of limited partnerships—</p></intro><level class="para1" eId="d28e20828"><num>(a)</num><content><p>any application or other document delivered to the registrar under section 8G, 8Q or 8W (changes of addresses by registrar) other than an order or direction of the court;</p></content></level><level class="para1" eId="d28e20834"><num>(b)</num><intro><p>so much of any document delivered to the registrar as is required to contain—</p></intro><level class="para2"><num>(i)</num><content><p>a limited partnership’s registered email address,</p></content></level><level class="para2"><num>(ii)</num><content><p>the email address of the named contact for a general partner’s managing officer,</p></content></level><level class="para2"><num>(iii)</num><content><p>protected date of birth information, or</p></content></level><level class="para2"><num>(iv)</num><content><p>protected residential address information;</p></content></level></level><level class="para1"><num>(c)</num><content><p>so much of any statement delivered to the registrar under any of the following provisions as is required to confirm that an individual is an individual whose identity is verified (within the meaning of section 1110A of the Companies Act 2006)—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 8A(1F)(b);</p></item><item><p>section 8L(3)(a) or (b);</p></item><item><p>section 8R(7)(b);</p></item></blockList></content></level><level class="para1"><num>(d)</num><content><p>any statement delivered to the registrar by virtue of section 33(3) (documents to be delivered by authorised corporate service providers);</p></content></level><level class="para1"><num>(e)</num><content><p>any statement or other document delivered to the registrar by virtue of section 1067A of the Companies Act 2006 (delivery of documents: identity verification and authorised corporate service providers);</p></content></level><level class="para1"><num>(f)</num><content><p>any statement made in accordance with regulations made by virtue of section 1082(2)(c) of the Companies Act 2006 (statement of unique identifier);</p></content></level><level class="para1" eId="d28e20901"><num>(g)</num><content><p>any document provided to the registrar under section <ref href="#d28e11932">1092A</ref> of the Companies Act 2006 (power to require further information);</p></content></level><level class="para1" eId="d28e20910"><num>(h)</num><content><p>any record of the information contained in a document or part of a document that is unavailable because of any of the previous paragraphs of this subsection;</p></content></level><level class="para1" eId="d28e20916"><num>(i)</num><content><p>any e-mail address, identification code or password deriving from a document delivered for the purpose of authorising or facilitating electronic filing procedures or providing information by telephone;</p></content></level><level class="para1"><num>(j)</num><content><p>any other material excluded from public inspection by or under any other enactment.</p></content></level></subsection><subsection eId="d28e20928"><num>(2)</num><content><p>The registrar need not retain material to which subsection <ref href="#d28e20822">(1)</ref> applies for longer than appears to the registrar reasonably necessary for the purposes for which the material was delivered to the registrar.</p></content></subsection><subsection eId="d28e20937"><num>(3)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-protected-date-of-birth-information">protected date of birth information</term>” means information as to the day of the month (but not the month or year) on which—</p></intro><level class="para1"><num>(a)</num><content><p>a partner was born, or</p></content></level><level class="para1"><num>(b)</num><content><p>a general partner’s registered officer was born;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-protected-residential-address-information">protected residential address information</term>” means information as to the usual residential address of—</p></intro><level class="para1"><num>(a)</num><content><p>a partner,</p></content></level><level class="para1"><num>(b)</num><content><p>a general partner’s registered officer, or</p></content></level><level class="para1"><num>(c)</num><content><p>the named contact for a general partner’s managing officer.</p></content></level></hcontainer></subsection><subsection><num>(4)</num><content><p>Information about a partner, registered officer or named contact does not cease to be protected date of birth information or protected residential address information when they cease to be a partner, registered officer or named contact.</p></content></subsection><subsection eId="d28e20986"><num>(5)</num><content><p>The restrictions on making information available for public inspection imposed by subsection <ref href="#d28e20910">(1)(h)</ref> and <ref href="#d28e20916">(i)</ref> do not affect the availability for public inspection of the same information contained in material derived from another description of document (or part of a document) in relation to which the relevant restriction does not apply.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “registered officer” and “named contact” have the meanings given by section <ref href="#d28e17226">8K</ref><ref href="#d28e17281">(4)</ref> and <ref href="#d28e17335">(5)</ref>.</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-137-2"><num>(2)</num><content><p><mod>In section 1083 of the Companies Act 2006 (preservation of original documents), in subsection (1), for the second sentence substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><p>This is subject to—</p><level class="para1"><num>(a)</num><content><p>section 1087(3) (extent of obligation to retain material not available for public inspection);</p></content></level><level class="para1"><num>(b)</num><content><p>section <ref href="#d28e20818">16A</ref><ref href="#d28e20928">(2)</ref> of the Limited Partnerships Act 1907 (extent of obligation to retain material not available for public inspection);</p></content></level><level class="para1"><num>(c)</num><content><p>section 22(5) of the Economic Crime (Transparency and Enforcement) Act 2022 (extent of obligation to retain material not available for public inspection).</p></content></level></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-137-1"><num>(1)</num><content><p><mod>After section 16 of the Limited Partnerships Act 1907 (inserted by section 136 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e20818"><num>16A</num><heading>Material not available for public inspection</heading><subsection eId="d28e20822"><num>(1)</num><intro><p>The registrar must not make the following material available for public inspection, so far as it forms part of the register of limited partnerships—</p></intro><level class="para1" eId="d28e20828"><num>(a)</num><content><p>any application or other document delivered to the registrar under section 8G, 8Q or 8W (changes of addresses by registrar) other than an order or direction of the court;</p></content></level><level class="para1" eId="d28e20834"><num>(b)</num><intro><p>so much of any document delivered to the registrar as is required to contain—</p></intro><level class="para2"><num>(i)</num><content><p>a limited partnership’s registered email address,</p></content></level><level class="para2"><num>(ii)</num><content><p>the email address of the named contact for a general partner’s managing officer,</p></content></level><level class="para2"><num>(iii)</num><content><p>protected date of birth information, or</p></content></level><level class="para2"><num>(iv)</num><content><p>protected residential address information;</p></content></level></level><level class="para1"><num>(c)</num><content><p>so much of any statement delivered to the registrar under any of the following provisions as is required to confirm that an individual is an individual whose identity is verified (within the meaning of section 1110A of the Companies Act 2006)—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 8A(1F)(b);</p></item><item><p>section 8L(3)(a) or (b);</p></item><item><p>section 8R(7)(b);</p></item></blockList></content></level><level class="para1"><num>(d)</num><content><p>any statement delivered to the registrar by virtue of section 33(3) (documents to be delivered by authorised corporate service providers);</p></content></level><level class="para1"><num>(e)</num><content><p>any statement or other document delivered to the registrar by virtue of section 1067A of the Companies Act 2006 (delivery of documents: identity verification and authorised corporate service providers);</p></content></level><level class="para1"><num>(f)</num><content><p>any statement made in accordance with regulations made by virtue of section 1082(2)(c) of the Companies Act 2006 (statement of unique identifier);</p></content></level><level class="para1" eId="d28e20901"><num>(g)</num><content><p>any document provided to the registrar under section <ref href="#d28e11932">1092A</ref> of the Companies Act 2006 (power to require further information);</p></content></level><level class="para1" eId="d28e20910"><num>(h)</num><content><p>any record of the information contained in a document or part of a document that is unavailable because of any of the previous paragraphs of this subsection;</p></content></level><level class="para1" eId="d28e20916"><num>(i)</num><content><p>any e-mail address, identification code or password deriving from a document delivered for the purpose of authorising or facilitating electronic filing procedures or providing information by telephone;</p></content></level><level class="para1"><num>(j)</num><content><p>any other material excluded from public inspection by or under any other enactment.</p></content></level></subsection><subsection eId="d28e20928"><num>(2)</num><content><p>The registrar need not retain material to which subsection <ref href="#d28e20822">(1)</ref> applies for longer than appears to the registrar reasonably necessary for the purposes for which the material was delivered to the registrar.</p></content></subsection><subsection eId="d28e20937"><num>(3)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-protected-date-of-birth-information">protected date of birth information</term>” means information as to the day of the month (but not the month or year) on which—</p></intro><level class="para1"><num>(a)</num><content><p>a partner was born, or</p></content></level><level class="para1"><num>(b)</num><content><p>a general partner’s registered officer was born;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-protected-residential-address-information">protected residential address information</term>” means information as to the usual residential address of—</p></intro><level class="para1"><num>(a)</num><content><p>a partner,</p></content></level><level class="para1"><num>(b)</num><content><p>a general partner’s registered officer, or</p></content></level><level class="para1"><num>(c)</num><content><p>the named contact for a general partner’s managing officer.</p></content></level></hcontainer></subsection><subsection><num>(4)</num><content><p>Information about a partner, registered officer or named contact does not cease to be protected date of birth information or protected residential address information when they cease to be a partner, registered officer or named contact.</p></content></subsection><subsection eId="d28e20986"><num>(5)</num><content><p>The restrictions on making information available for public inspection imposed by subsection <ref href="#d28e20910">(1)(h)</ref> and <ref href="#d28e20916">(i)</ref> do not affect the availability for public inspection of the same information contained in material derived from another description of document (or part of a document) in relation to which the relevant restriction does not apply.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “registered officer” and “named contact” have the meanings given by section <ref href="#d28e17226">8K</ref><ref href="#d28e17281">(4)</ref> and <ref href="#d28e17335">(5)</ref>.</p></content></subsection></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-137-2"><num>(2)</num><content><p><mod>In section 1083 of the Companies Act 2006 (preservation of original documents), in subsection (1), for the second sentence substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><p>This is subject to—</p><level class="para1"><num>(a)</num><content><p>section 1087(3) (extent of obligation to retain material not available for public inspection);</p></content></level><level class="para1"><num>(b)</num><content><p>section <ref href="#d28e20818">16A</ref><ref href="#d28e20928">(2)</ref> of the Limited Partnerships Act 1907 (extent of obligation to retain material not available for public inspection);</p></content></level><level class="para1"><num>(c)</num><content><p>section 22(5) of the Economic Crime (Transparency and Enforcement) Act 2022 (extent of obligation to retain material not available for public inspection).</p></content></level></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-138"><num>138</num><heading>Records relating to dissolved or deregistered limited partnerships</heading><content><p><mod>After section <ref href="#d28e20818">16A</ref> of the Limited Partnerships Act 1907 (inserted by section 137 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e21062"><num>16B</num><heading>Records relating to dissolved or deregistered limited partnerships</heading><subsection><num>(1)</num><content><p>This section applies where a limited partnership is dissolved or deregistered under section 26.</p></content></subsection><subsection><num>(2)</num><content><p>The registrar need not make any information contained in records relating to the limited partnership available for public inspection at any time after the end of the period of 20 years beginning with the date on which the limited partnership is dissolved or deregistered.</p></content></subsection><subsection eId="d28e21078"><num>(3)</num><content><p>The registrar of companies for England and Wales may, at any time after the period of two years beginning with the date on which the limited partnership is dissolved or deregistered, direct that any records relating to the limited partnership that are held by the registrar are to be removed to the Public Record Office.</p></content></subsection><subsection eId="d28e21084"><num>(4)</num><content><p>The registrar of companies for Northern Ireland may, at any time after the period of two years beginning with the date on which the limited partnership is dissolved or deregistered, direct that any records relating to the limited partnership that are held by the registrar are to be removed to the Public Record Office of Northern Ireland.</p></content></subsection><subsection><num>(5)</num><content><p>Records in respect of which a direction is given under subsection <ref href="#d28e21078">(3)</ref> or <ref href="#d28e21084">(4)</ref> are to be disposed of under the enactments relating to the Public Record Office or, as the case may be, the Public Record Office of Northern Ireland.</p></content></subsection></section></quotedStructure></mod></p></content></section>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-disclosure-of-information"><heading>Disclosure of information</heading><section eId="section-139"><num>139</num><heading>Disclosure of information about partners</heading><subsection eId="section-139-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-139-2"><num>(2)</num><content><p><mod>After section <ref href="#d28e21062">16B</ref> of the Limited Partnerships Act 1907 (inserted by section 138 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Restriction on disclosure of information by registrar</heading><section><num>16C</num><heading>Restriction on disclosure of information by registrar</heading><subsection><num>(1)</num><intro><p>The registrar must not disclose protected date of birth information or protected residential address information except—</p></intro><level class="para1"><num>(a)</num><content><p>in accordance with subsection <ref href="#d28e21175">(2)</ref> or <ref href="#d28e21186">(3)</ref>,</p></content></level><level class="para1"><num>(b)</num><content><p>in accordance with section <ref href="#d28e21442">16E</ref> (disclosure of protected residential address information under court order), or</p></content></level><level class="para1"><num>(c)</num><content><p>as permitted by section <ref href="#d28e13362">1110F</ref> of the Companies Act 2006 (general powers of disclosure by the registrar).</p></content></level></subsection><subsection eId="d28e21175"><num>(2)</num><content><p>The registrar may disclose protected date of birth information or protected residential address information if the same information is required to be made available for public inspection as a result of being contained in a document, part of a document or record to which section <ref href="#d28e20818">16A</ref><ref href="#d28e20822">(1)</ref> does not apply.</p></content></subsection><subsection eId="d28e21186"><num>(3)</num><content><p>The registrar may disclose protected date of birth information or protected residential address information to a credit reference agency.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State may make provision by regulations specifying conditions for the disclosure of protected date of birth information or protected residential address information in accordance with subsection <ref href="#d28e21186">(3)</ref>.</p></content></subsection><subsection eId="d28e21201"><num>(5)</num><content><p>The Secretary of State may make provision by regulations requiring the registrar, on application, to refrain from disclosing protected date of birth information or protected residential address information to a credit reference agency.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under subsection <ref href="#d28e21201">(5)</ref> may make provision of the kind referred to in section 243(5) to (6A) of the Companies Act 2006.</p></content></subsection><subsection><num>(7)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-credit-reference-agency">credit reference agency</term>” means a person carrying on a business comprising the provision of information relevant to the financial standing of individuals, being information collected by the agency for that purpose;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-date-of-birth-information">protected date of birth information</term>” has the meaning given by section <ref href="#d28e20818">16A</ref><ref href="#d28e20937">(3)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-residential-address-information">protected residential address information</term>” has the meaning given by section <ref href="#d28e20818">16A</ref><ref href="#d28e20937">(3)</ref>.</p></content></hcontainer></subsection><subsection><num>(8)</num><content><p>Regulations under this section are subject to the negative resolution procedure.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Restriction on use or disclosure of information by partners</heading><section><num>16D</num><heading>Restriction on use or disclosure of information by partners</heading><subsection eId="d28e21270"><num>(1)</num><intro><p>A limited partner must not—</p></intro><level class="para1"><num>(a)</num><content><p>use or disclose protected residential address information, except for communicating with the individual concerned, or</p></content></level><level class="para1"><num>(b)</num><content><p>use or disclose protected date of birth information.</p></content></level></subsection><subsection eId="d28e21288"><num>(2)</num><intro><p>A general partner must not use or disclose protected residential address information, except—</p></intro><level class="para1"><num>(a)</num><content><p>for communicating with the individual concerned,</p></content></level><level class="para1"><num>(b)</num><content><p>in order to comply with any requirement of this Act as to information to be sent to the registrar, or</p></content></level><level class="para1"><num>(c)</num><content><p>in accordance with section <ref href="#d28e21442">16E</ref> (disclosure of residential address information under court order).</p></content></level></subsection><subsection eId="d28e21315"><num>(3)</num><content><p>A general partner must not use or disclose protected date of birth information except in order to comply with any requirement of this Act as to information to be sent to the registrar.</p></content></subsection><subsection><num>(4)</num><content><p>Subsections <ref href="#d28e21270">(1)</ref>, <ref href="#d28e21288">(2)</ref> and <ref href="#d28e21315">(3)</ref> do not prohibit any use or disclosure of protected date of birth information or protected residential address information with the consent of the individual concerned.</p></content></subsection><subsection><num>(5)</num><intro><p>If a partner uses or discloses information in contravention of subsection <ref href="#d28e21270">(1)</ref>, <ref href="#d28e21288">(2)</ref> or <ref href="#d28e21315">(3)</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the partner, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the partner is a legal entity, any of its managing officers who is in default.</p></content></level></subsection><subsection><num>(6)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(7)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e21390"><num>(8)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(9)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e21390">(8)</ref>).</p></content></subsection><subsection><num>(10)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-date-of-birth-information">protected date of birth information</term>” has the meaning given by section <ref href="#d28e20818">16A</ref><ref href="#d28e20937">(3)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-residential-address-information">protected residential address information</term>” has the meaning given by section <ref href="#d28e20818">16A</ref><ref href="#d28e20937">(3)</ref>.</p></content></hcontainer></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Disclosure of protected residential address information under court order</heading><section eId="d28e21442"><num>16E</num><heading>Disclosure of protected residential address information under court order</heading><subsection><num>(1)</num><intro><p>The court may make an order for the disclosure of protected residential address information by the appropriate limited partnership or by the registrar if—</p></intro><level class="para1"><num>(a)</num><content><p>there is evidence that service of documents at a service address other than the individual’s usual residential address is not effective to bring them to the notice of the individual, or</p></content></level><level class="para1"><num>(b)</num><content><p>it is necessary or expedient for the information to be provided in connection with the enforcement of an order or decree of the court,</p></content></level><wrapUp><p>and the court is otherwise satisfied that it is appropriate to make the order.</p></wrapUp></subsection><subsection><num>(2)</num><intro><p>An order for disclosure by the registrar may be made only if—</p></intro><level class="para1"><num>(a)</num><content><p>the appropriate limited partnership does not have the protected residential address information, or</p></content></level><level class="para1"><num>(b)</num><content><p>the appropriate limited partnership was dissolved.</p></content></level></subsection><subsection><num>(3)</num><content><p>The order may be made on the application of a liquidator, creditor or partner of the appropriate limited partnership, or any other person appearing to the court to have a sufficient interest.</p></content></subsection><subsection><num>(4)</num><content><p>The order must specify the persons to whom, and purposes for which, disclosure is authorised.</p></content></subsection><subsection><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><intro><p>“appropriate limited partnership” —</p></intro><level class="para1"><num>(a)</num><content><p>in relation to protected residential address information about a partner in a limited partnership means that limited partnership;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to protected residential address information about a registered officer of a general partner in a limited partnership means that limited partnership;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to protected residential address information about a named contact for the managing officer of a general partner in a limited partnership means that limited partnership;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-named-contact">named contact</term>” has the meaning given by section <ref href="#d28e17226">8K</ref><ref href="#d28e17335">(5)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-residential-address-information">protected residential address information</term>” has the meaning given by section <ref href="#d28e20818">16A</ref><ref href="#d28e20937">(3)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-officer">registered officer</term>” has the meaning given by section <ref href="#d28e17226">8K</ref><ref href="#d28e17281">(4)</ref>.</p></content></hcontainer></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-139-3"><num>(3)</num><content><p><mod>In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-the-court">the court</term>” has the same meaning as in the Companies Acts (see section 1156 of the Companies Act 2006);</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-139"><num>139</num><heading>Disclosure of information about partners</heading><subsection eId="section-139-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-139-2"><num>(2)</num><content><p><mod>After section <ref href="#d28e21062">16B</ref> of the Limited Partnerships Act 1907 (inserted by section 138 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Restriction on disclosure of information by registrar</heading><section><num>16C</num><heading>Restriction on disclosure of information by registrar</heading><subsection><num>(1)</num><intro><p>The registrar must not disclose protected date of birth information or protected residential address information except—</p></intro><level class="para1"><num>(a)</num><content><p>in accordance with subsection <ref href="#d28e21175">(2)</ref> or <ref href="#d28e21186">(3)</ref>,</p></content></level><level class="para1"><num>(b)</num><content><p>in accordance with section <ref href="#d28e21442">16E</ref> (disclosure of protected residential address information under court order), or</p></content></level><level class="para1"><num>(c)</num><content><p>as permitted by section <ref href="#d28e13362">1110F</ref> of the Companies Act 2006 (general powers of disclosure by the registrar).</p></content></level></subsection><subsection eId="d28e21175"><num>(2)</num><content><p>The registrar may disclose protected date of birth information or protected residential address information if the same information is required to be made available for public inspection as a result of being contained in a document, part of a document or record to which section <ref href="#d28e20818">16A</ref><ref href="#d28e20822">(1)</ref> does not apply.</p></content></subsection><subsection eId="d28e21186"><num>(3)</num><content><p>The registrar may disclose protected date of birth information or protected residential address information to a credit reference agency.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State may make provision by regulations specifying conditions for the disclosure of protected date of birth information or protected residential address information in accordance with subsection <ref href="#d28e21186">(3)</ref>.</p></content></subsection><subsection eId="d28e21201"><num>(5)</num><content><p>The Secretary of State may make provision by regulations requiring the registrar, on application, to refrain from disclosing protected date of birth information or protected residential address information to a credit reference agency.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under subsection <ref href="#d28e21201">(5)</ref> may make provision of the kind referred to in section 243(5) to (6A) of the Companies Act 2006.</p></content></subsection><subsection><num>(7)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-credit-reference-agency">credit reference agency</term>” means a person carrying on a business comprising the provision of information relevant to the financial standing of individuals, being information collected by the agency for that purpose;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-date-of-birth-information">protected date of birth information</term>” has the meaning given by section <ref href="#d28e20818">16A</ref><ref href="#d28e20937">(3)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-residential-address-information">protected residential address information</term>” has the meaning given by section <ref href="#d28e20818">16A</ref><ref href="#d28e20937">(3)</ref>.</p></content></hcontainer></subsection><subsection><num>(8)</num><content><p>Regulations under this section are subject to the negative resolution procedure.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Restriction on use or disclosure of information by partners</heading><section><num>16D</num><heading>Restriction on use or disclosure of information by partners</heading><subsection eId="d28e21270"><num>(1)</num><intro><p>A limited partner must not—</p></intro><level class="para1"><num>(a)</num><content><p>use or disclose protected residential address information, except for communicating with the individual concerned, or</p></content></level><level class="para1"><num>(b)</num><content><p>use or disclose protected date of birth information.</p></content></level></subsection><subsection eId="d28e21288"><num>(2)</num><intro><p>A general partner must not use or disclose protected residential address information, except—</p></intro><level class="para1"><num>(a)</num><content><p>for communicating with the individual concerned,</p></content></level><level class="para1"><num>(b)</num><content><p>in order to comply with any requirement of this Act as to information to be sent to the registrar, or</p></content></level><level class="para1"><num>(c)</num><content><p>in accordance with section <ref href="#d28e21442">16E</ref> (disclosure of residential address information under court order).</p></content></level></subsection><subsection eId="d28e21315"><num>(3)</num><content><p>A general partner must not use or disclose protected date of birth information except in order to comply with any requirement of this Act as to information to be sent to the registrar.</p></content></subsection><subsection><num>(4)</num><content><p>Subsections <ref href="#d28e21270">(1)</ref>, <ref href="#d28e21288">(2)</ref> and <ref href="#d28e21315">(3)</ref> do not prohibit any use or disclosure of protected date of birth information or protected residential address information with the consent of the individual concerned.</p></content></subsection><subsection><num>(5)</num><intro><p>If a partner uses or discloses information in contravention of subsection <ref href="#d28e21270">(1)</ref>, <ref href="#d28e21288">(2)</ref> or <ref href="#d28e21315">(3)</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the partner, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the partner is a legal entity, any of its managing officers who is in default.</p></content></level></subsection><subsection><num>(6)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(7)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e21390"><num>(8)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(9)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e21390">(8)</ref>).</p></content></subsection><subsection><num>(10)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-date-of-birth-information">protected date of birth information</term>” has the meaning given by section <ref href="#d28e20818">16A</ref><ref href="#d28e20937">(3)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-residential-address-information">protected residential address information</term>” has the meaning given by section <ref href="#d28e20818">16A</ref><ref href="#d28e20937">(3)</ref>.</p></content></hcontainer></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Disclosure of protected residential address information under court order</heading><section eId="d28e21442"><num>16E</num><heading>Disclosure of protected residential address information under court order</heading><subsection><num>(1)</num><intro><p>The court may make an order for the disclosure of protected residential address information by the appropriate limited partnership or by the registrar if—</p></intro><level class="para1"><num>(a)</num><content><p>there is evidence that service of documents at a service address other than the individual’s usual residential address is not effective to bring them to the notice of the individual, or</p></content></level><level class="para1"><num>(b)</num><content><p>it is necessary or expedient for the information to be provided in connection with the enforcement of an order or decree of the court,</p></content></level><wrapUp><p>and the court is otherwise satisfied that it is appropriate to make the order.</p></wrapUp></subsection><subsection><num>(2)</num><intro><p>An order for disclosure by the registrar may be made only if—</p></intro><level class="para1"><num>(a)</num><content><p>the appropriate limited partnership does not have the protected residential address information, or</p></content></level><level class="para1"><num>(b)</num><content><p>the appropriate limited partnership was dissolved.</p></content></level></subsection><subsection><num>(3)</num><content><p>The order may be made on the application of a liquidator, creditor or partner of the appropriate limited partnership, or any other person appearing to the court to have a sufficient interest.</p></content></subsection><subsection><num>(4)</num><content><p>The order must specify the persons to whom, and purposes for which, disclosure is authorised.</p></content></subsection><subsection><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><intro><p>“appropriate limited partnership” —</p></intro><level class="para1"><num>(a)</num><content><p>in relation to protected residential address information about a partner in a limited partnership means that limited partnership;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to protected residential address information about a registered officer of a general partner in a limited partnership means that limited partnership;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to protected residential address information about a named contact for the managing officer of a general partner in a limited partnership means that limited partnership;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-named-contact">named contact</term>” has the meaning given by section <ref href="#d28e17226">8K</ref><ref href="#d28e17335">(5)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-residential-address-information">protected residential address information</term>” has the meaning given by section <ref href="#d28e20818">16A</ref><ref href="#d28e20937">(3)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-officer">registered officer</term>” has the meaning given by section <ref href="#d28e17226">8K</ref><ref href="#d28e17281">(4)</ref>.</p></content></hcontainer></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-139-3"><num>(3)</num><content><p><mod>In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-the-court">the court</term>” has the same meaning as in the Companies Acts (see section 1156 of the Companies Act 2006);</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-139-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-139-2"><num>(2)</num><content><p><mod>After section <ref href="#d28e21062">16B</ref> of the Limited Partnerships Act 1907 (inserted by section 138 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Restriction on disclosure of information by registrar</heading><section><num>16C</num><heading>Restriction on disclosure of information by registrar</heading><subsection><num>(1)</num><intro><p>The registrar must not disclose protected date of birth information or protected residential address information except—</p></intro><level class="para1"><num>(a)</num><content><p>in accordance with subsection <ref href="#d28e21175">(2)</ref> or <ref href="#d28e21186">(3)</ref>,</p></content></level><level class="para1"><num>(b)</num><content><p>in accordance with section <ref href="#d28e21442">16E</ref> (disclosure of protected residential address information under court order), or</p></content></level><level class="para1"><num>(c)</num><content><p>as permitted by section <ref href="#d28e13362">1110F</ref> of the Companies Act 2006 (general powers of disclosure by the registrar).</p></content></level></subsection><subsection eId="d28e21175"><num>(2)</num><content><p>The registrar may disclose protected date of birth information or protected residential address information if the same information is required to be made available for public inspection as a result of being contained in a document, part of a document or record to which section <ref href="#d28e20818">16A</ref><ref href="#d28e20822">(1)</ref> does not apply.</p></content></subsection><subsection eId="d28e21186"><num>(3)</num><content><p>The registrar may disclose protected date of birth information or protected residential address information to a credit reference agency.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State may make provision by regulations specifying conditions for the disclosure of protected date of birth information or protected residential address information in accordance with subsection <ref href="#d28e21186">(3)</ref>.</p></content></subsection><subsection eId="d28e21201"><num>(5)</num><content><p>The Secretary of State may make provision by regulations requiring the registrar, on application, to refrain from disclosing protected date of birth information or protected residential address information to a credit reference agency.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under subsection <ref href="#d28e21201">(5)</ref> may make provision of the kind referred to in section 243(5) to (6A) of the Companies Act 2006.</p></content></subsection><subsection><num>(7)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-credit-reference-agency">credit reference agency</term>” means a person carrying on a business comprising the provision of information relevant to the financial standing of individuals, being information collected by the agency for that purpose;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-date-of-birth-information">protected date of birth information</term>” has the meaning given by section <ref href="#d28e20818">16A</ref><ref href="#d28e20937">(3)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-residential-address-information">protected residential address information</term>” has the meaning given by section <ref href="#d28e20818">16A</ref><ref href="#d28e20937">(3)</ref>.</p></content></hcontainer></subsection><subsection><num>(8)</num><content><p>Regulations under this section are subject to the negative resolution procedure.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Restriction on use or disclosure of information by partners</heading><section><num>16D</num><heading>Restriction on use or disclosure of information by partners</heading><subsection eId="d28e21270"><num>(1)</num><intro><p>A limited partner must not—</p></intro><level class="para1"><num>(a)</num><content><p>use or disclose protected residential address information, except for communicating with the individual concerned, or</p></content></level><level class="para1"><num>(b)</num><content><p>use or disclose protected date of birth information.</p></content></level></subsection><subsection eId="d28e21288"><num>(2)</num><intro><p>A general partner must not use or disclose protected residential address information, except—</p></intro><level class="para1"><num>(a)</num><content><p>for communicating with the individual concerned,</p></content></level><level class="para1"><num>(b)</num><content><p>in order to comply with any requirement of this Act as to information to be sent to the registrar, or</p></content></level><level class="para1"><num>(c)</num><content><p>in accordance with section <ref href="#d28e21442">16E</ref> (disclosure of residential address information under court order).</p></content></level></subsection><subsection eId="d28e21315"><num>(3)</num><content><p>A general partner must not use or disclose protected date of birth information except in order to comply with any requirement of this Act as to information to be sent to the registrar.</p></content></subsection><subsection><num>(4)</num><content><p>Subsections <ref href="#d28e21270">(1)</ref>, <ref href="#d28e21288">(2)</ref> and <ref href="#d28e21315">(3)</ref> do not prohibit any use or disclosure of protected date of birth information or protected residential address information with the consent of the individual concerned.</p></content></subsection><subsection><num>(5)</num><intro><p>If a partner uses or discloses information in contravention of subsection <ref href="#d28e21270">(1)</ref>, <ref href="#d28e21288">(2)</ref> or <ref href="#d28e21315">(3)</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the partner, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the partner is a legal entity, any of its managing officers who is in default.</p></content></level></subsection><subsection><num>(6)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(7)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e21390"><num>(8)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(9)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e21390">(8)</ref>).</p></content></subsection><subsection><num>(10)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-date-of-birth-information">protected date of birth information</term>” has the meaning given by section <ref href="#d28e20818">16A</ref><ref href="#d28e20937">(3)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-residential-address-information">protected residential address information</term>” has the meaning given by section <ref href="#d28e20818">16A</ref><ref href="#d28e20937">(3)</ref>.</p></content></hcontainer></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Disclosure of protected residential address information under court order</heading><section eId="d28e21442"><num>16E</num><heading>Disclosure of protected residential address information under court order</heading><subsection><num>(1)</num><intro><p>The court may make an order for the disclosure of protected residential address information by the appropriate limited partnership or by the registrar if—</p></intro><level class="para1"><num>(a)</num><content><p>there is evidence that service of documents at a service address other than the individual’s usual residential address is not effective to bring them to the notice of the individual, or</p></content></level><level class="para1"><num>(b)</num><content><p>it is necessary or expedient for the information to be provided in connection with the enforcement of an order or decree of the court,</p></content></level><wrapUp><p>and the court is otherwise satisfied that it is appropriate to make the order.</p></wrapUp></subsection><subsection><num>(2)</num><intro><p>An order for disclosure by the registrar may be made only if—</p></intro><level class="para1"><num>(a)</num><content><p>the appropriate limited partnership does not have the protected residential address information, or</p></content></level><level class="para1"><num>(b)</num><content><p>the appropriate limited partnership was dissolved.</p></content></level></subsection><subsection><num>(3)</num><content><p>The order may be made on the application of a liquidator, creditor or partner of the appropriate limited partnership, or any other person appearing to the court to have a sufficient interest.</p></content></subsection><subsection><num>(4)</num><content><p>The order must specify the persons to whom, and purposes for which, disclosure is authorised.</p></content></subsection><subsection><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><intro><p>“appropriate limited partnership” —</p></intro><level class="para1"><num>(a)</num><content><p>in relation to protected residential address information about a partner in a limited partnership means that limited partnership;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to protected residential address information about a registered officer of a general partner in a limited partnership means that limited partnership;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to protected residential address information about a named contact for the managing officer of a general partner in a limited partnership means that limited partnership;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-named-contact">named contact</term>” has the meaning given by section <ref href="#d28e17226">8K</ref><ref href="#d28e17335">(5)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-residential-address-information">protected residential address information</term>” has the meaning given by section <ref href="#d28e20818">16A</ref><ref href="#d28e20937">(3)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-officer">registered officer</term>” has the meaning given by section <ref href="#d28e17226">8K</ref><ref href="#d28e17281">(4)</ref>.</p></content></hcontainer></subsection></section></hcontainer></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-139-3"><num>(3)</num><content><p><mod>In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-the-court">the court</term>” has the same meaning as in the Companies Acts (see section 1156 of the Companies Act 2006);</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-the-registrars-role-relating-to-dissolution-revival-and-deregistration"><heading>The registrar's role relating to dissolution, revival and deregistration</heading><section eId="section-140"><num>140</num><heading>Duty to notify registrar of dissolution</heading><content><p><mod>After section 17 of the Limited Partnerships Act 1907 (power of board of trade to make rules) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Dissolution, revival and deregistration</heading><section><num>18</num><heading>Duty to notify registrar of dissolution</heading><subsection eId="d28e21597"><num>(1)</num><content><p>A person who is a general partner in a limited partnership at a time when it is dissolved must notify the registrar of the dissolution within the period of 14 days beginning with the day on which the person becomes aware of its dissolution.</p></content></subsection><subsection eId="d28e21603"><num>(2)</num><content><p>A person who is a limited partner in a limited partnership at a time when it is dissolved must, if there are no general partners at that time, notify the registrar of the dissolution within the period of 14 days beginning with the day on which the person becomes aware of its dissolution.</p></content></subsection><subsection><num>(3)</num><intro><p>But no notice is required under subsection <ref href="#d28e21597">(1)</ref> or <ref href="#d28e21603">(2)</ref> if—</p></intro><level class="para1"><num>(a)</num><content><p>the limited partnership is dissolved under section 19(6) (dissolution on publication of notice in Gazette),</p></content></level><level class="para1"><num>(b)</num><content><p>another person has notified the registrar of the dissolution under subsection <ref href="#d28e21597">(1)</ref> or <ref href="#d28e21603">(2)</ref>, or</p></content></level><level class="para1"><num>(c)</num><content><p>a dissolution notice under section 19 is published before the end of the period of 14 days mentioned in subsection <ref href="#d28e21597">(1)</ref> or <ref href="#d28e21603">(2)</ref>.</p></content></level></subsection><subsection><num>(4)</num><intro><p>If a person fails to comply with subsection <ref href="#d28e21597">(1)</ref> or <ref href="#d28e21603">(2)</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the person, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the person is a legal entity, any of its managing officers who is in default.</p></content></level></subsection><subsection><num>(5)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(6)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e21702"><num>(7)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(8)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e21702">(7)</ref>).</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section><section eId="section-141"><num>141</num><heading>Registrar’s power to confirm dissolution of limited partnership</heading><subsection eId="section-141-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-141-2"><num>(2)</num><content><p><mod>After section 18 of the Limited Partnerships Act 1907 (inserted by section 140 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e21741"><num>19</num><heading>Registrar’s power to confirm dissolution of limited partnership</heading><subsection eId="d28e21745"><num>(1)</num><content><p>If the registrar has reasonable cause to believe that a limited partnership has been dissolved, the registrar may publish a notice in the Gazette (a “dissolution notice”) stating that fact.</p></content></subsection><subsection eId="d28e21751"><num>(2)</num><intro><p>Where the registrar proposes to publish a dissolution notice, the registrar must first publish in the Gazette a notice (a “warning notice”)—</p></intro><level class="para1"><num>(a)</num><content><p>explaining the registrar’s proposal and its effect (see subsection <ref href="#d28e21829">(6)</ref>), and</p></content></level><level class="para1"><num>(b)</num><content><p>inviting any person to make representations about the registrar’s proposal.</p></content></level></subsection><subsection eId="d28e21772"><num>(3)</num><intro><p>The registrar must send a copy of the warning notice to—</p></intro><level class="para1"><num>(a)</num><content><p>the registered office of the limited partnership, and</p></content></level><level class="para1"><num>(b)</num><content><p>at least one person who appears in the register of limited partnerships as a general partner in the limited partnership (if there are any).</p></content></level></subsection><subsection eId="d28e21790"><num>(4)</num><content><p>The registrar may not publish a dissolution notice until after the end of the period of two months beginning with the first day on which the registrar has complied with subsection <ref href="#d28e21751">(2)</ref> and subsection <ref href="#d28e21772">(3)</ref>.</p></content></subsection><subsection><num>(5)</num><intro><p>The dissolution notice must—</p></intro><level class="para1"><num>(a)</num><content><p>state the firm name of the limited partnership,</p></content></level><level class="para1"><num>(b)</num><content><p>state the limited partnership’s registration number, and</p></content></level><level class="para1"><num>(c)</num><content><p>explain the effect of the publication of the notice (see subsection <ref href="#d28e21829">(6)</ref>).</p></content></level></subsection><subsection eId="d28e21829"><num>(6)</num><content><p>On the publication of a dissolution notice, the limited partnership to which it relates is dissolved if it was not already dissolved.</p></content></subsection><subsection><num>(7)</num><intro><p>For the purposes of subsection <ref href="#d28e21772">(3)</ref>, a person “appears in the register of limited partnerships as a general partner in the limited partnership” if—</p></intro><level class="para1"><num>(a)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>the person was named as a proposed general partner in the application for registration of the limited partnership under section 8A, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the general partners have given the registrar notice under section 8R that the person has become a general partner in the limited partnership, and</p></content></level></level><level class="para1"><num>(b)</num><intro><p>the general partners have not since—</p></intro><level class="para2"><num>(i)</num><content><p>given the registrar notice under section 8R that the person has ceased to be a general partner in the limited partnership, or</p></content></level><level class="para2"><num>(ii)</num><content><p>given the registrar notice under section 8T that the person did not become a general partner on registration of the limited partnership.</p></content></level></level></subsection></section><section eId="d28e21883"><num>20</num><heading>Administrative revival</heading><subsection><num>(1)</num><content><p>On an application under this section the registrar must revive a limited partnership if the registrar is satisfied that the following conditions are met.</p></content></subsection><subsection eId="d28e21893"><num>(2)</num><content><p>Condition 1 is that the limited partnership was dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref> (dissolution on publication of notice in Gazette).</p></content></subsection><subsection eId="d28e21904"><num>(3)</num><content><p>Condition 2 is that the applicant has delivered to the registrar such documents as are necessary to ensure that, if the limited partnership is revived, the records kept by the registrar relating to the limited partnership will be up to date.</p></content></subsection><subsection eId="d28e21910"><num>(4)</num><intro><p>Condition 3 is that each relevant person has paid any outstanding fines or financial penalties imposed on them in respect of an offence—</p></intro><level class="para1"><num>(a)</num><content><p>under this Act, or</p></content></level><level class="para1"><num>(b)</num><content><p>by virtue of regulations made under section <ref href="#d28e23060">7A</ref> of this Act,</p></content></level><wrapUp><p>relating to the limited partnership.</p></wrapUp></subsection><subsection eId="d28e21933"><num>(5)</num><content><p>An application under this section may only be made by a person who was a general partner in the limited partnership immediately before it was dissolved.</p></content></subsection><subsection eId="d28e21939"><num>(6)</num><intro><p>The application must include a statement that—</p></intro><level class="para1"><num>(a)</num><content><p>the conditions in subsections <ref href="#d28e21893">(2)</ref>, <ref href="#d28e21904">(3)</ref> and <ref href="#d28e21910">(4)</ref> are met, and</p></content></level><level class="para1"><num>(b)</num><content><p>the applicant is a person mentioned in subsection <ref href="#d28e21933">(5)</ref>.</p></content></level></subsection><subsection eId="d28e21969"><num>(7)</num><content><p>An application under this section may not be made after the end of the period of six years beginning with the date on which the limited partnership was dissolved.</p></content></subsection><subsection><num>(8)</num><content><p>For the purpose of subsection <ref href="#d28e21969">(7)</ref> an application is made when it is received by the registrar.</p></content></subsection><subsection><num>(9)</num><intro><p>In subsection <ref href="#d28e21910">(4)</ref> “<term refersTo="#term-relevant-person">relevant person</term>” means—</p></intro><level class="para1" eId="d28e21996"><num>(a)</num><content><p>the applicant,</p></content></level><level class="para1" eId="d28e22002"><num>(b)</num><intro><p>any person who—</p></intro><level class="para2"><num>(i)</num><content><p>was a general partner in the limited partnership immediately before it was dissolved, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if the limited partnership is revived, will be a general partner in the limited partnership immediately after its revival, or</p></content></level></level><level class="para1"><num>(c)</num><intro><p>any person who is a managing officer of a legal entity where the legal entity is—</p></intro><level class="para2"><num>(i)</num><content><p>a person mentioned in paragraph <ref href="#d28e21996">(a)</ref> or <ref href="#d28e22002">(b)</ref>, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a person falling within this paragraph.</p></content></level></level></subsection></section><section><num>21</num><heading>Registrar’s decision on application for administrative revival</heading><subsection><num>(1)</num><content><p>The registrar must give notice to the applicant of the decision on an application under section <ref href="#d28e21883">20</ref>.</p></content></subsection><subsection><num>(2)</num><content><p>If the limited partnership is revived, the revival takes effect on the date that the notice is sent.</p></content></subsection><subsection><num>(3)</num><intro><p>If the limited partnership is revived the registrar must—</p></intro><level class="para1"><num>(a)</num><content><p>enter on the register of limited partnerships a note of the date on which the revival of the limited partnership takes effect, and</p></content></level><level class="para1" eId="d28e22078"><num>(b)</num><content><p>cause notice of the revival to be published in the Gazette.</p></content></level></subsection><subsection><num>(4)</num><content><p>Notes entered on the register of limited partnerships in accordance with subsection (3)(a) are part of the register of limited partnerships.</p></content></subsection><subsection><num>(5)</num><intro><p>The notice under subsection <ref href="#d28e22078">(3)(b)</ref> must state—</p></intro><level class="para1"><num>(a)</num><content><p>the limited partnership’s name (which must be the name that it had before it was dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>),</p></content></level><level class="para1"><num>(b)</num><content><p>the limited partnership’s registration number, and</p></content></level><level class="para1"><num>(c)</num><content><p>the date on which the revival of the limited partnership takes effect.</p></content></level></subsection></section><section><num>22</num><heading>Effect of administrative revival</heading><subsection><num>(1)</num><content><p>The general effect of administrative revival is that the limited partnership is to be treated as having continued in existence as if it had not been dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>.</p></content></subsection><subsection><num>(2)</num><content><p>The court may give such directions and make such provision as seems just for placing the limited partnership and all other persons in the same position (as nearly as may be) as if the limited partnership had not been dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>.</p></content></subsection><subsection eId="d28e22151"><num>(3)</num><content><p>An application to the court for such directions or provision may be made at any time within the period of three years beginning with the date on which the revival of the limited partnership took effect.</p></content></subsection></section><section eId="d28e22160"><num>23</num><heading>Application to court for revival</heading><subsection><num>(1)</num><content><p>An application may be made to the court to revive a limited partnership that has been dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref> (dissolution on publication of notice in Gazette).</p></content></subsection><subsection><num>(2)</num><intro><p>An application under this section may be made by—</p></intro><level class="para1"><num>(a)</num><content><p>the Secretary of State,</p></content></level><level class="para1"><num>(b)</num><content><p>a person who was a partner in the limited partnership immediately before it was dissolved, or</p></content></level><level class="para1"><num>(c)</num><content><p>any other person appearing to the court to have an interest in the matter.</p></content></level></subsection><subsection><num>(3)</num><intro><p>An application to the court for the revival of a limited partnership may only be made—</p></intro><level class="para1"><num>(a)</num><content><p>within the period of six years beginning with the date on which the limited partnership was dissolved, or</p></content></level><level class="para1"><num>(b)</num><content><p>where the applicant made an application under section <ref href="#d28e21883">20</ref> that was refused, within the period of 28 days beginning with the date on which notice of the registrar’s decision was sent by the registrar to the applicant.</p></content></level></subsection></section><section><num>24</num><heading>Decision on application for revival by the court</heading><subsection><num>(1)</num><content><p>If, on an application under section <ref href="#d28e22160">23</ref>, the court orders revival of the limited partnership, the revival takes effect on a copy of the court’s order being delivered to the registrar.</p></content></subsection><subsection><num>(2)</num><content><p>The registrar must publish a notice in the Gazette of the revival of the limited partnership.</p></content></subsection><subsection><num>(3)</num><intro><p>The notice must state—</p></intro><level class="para1"><num>(a)</num><content><p>the limited partnership’s name (which must be the name that it had before it was dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>),</p></content></level><level class="para1"><num>(b)</num><content><p>the limited partnership’s registration number, and</p></content></level><level class="para1"><num>(c)</num><content><p>the date on which the revival of the limited partnership takes effect.</p></content></level></subsection></section><section><num>25</num><heading>Effect of court order for revival</heading><subsection><num>(1)</num><content><p>The general effect of an order by the court for revival is that the limited partnership is to be treated as having continued in existence as a limited partnership as if it had not been dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>.</p></content></subsection><subsection><num>(2)</num><content><p>The court may give such directions and make such provision as seems just for placing the limited partnership and all other persons in the same position (as nearly as may be) as if the limited partnership had not been dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>.</p></content></subsection><subsection><num>(3)</num><intro><p>The court may also give directions as to—</p></intro><level class="para1"><num>(a)</num><content><p>the delivery to the registrar of such documents relating to the limited partnership as are necessary to bring up to date the records kept by the registrar, or</p></content></level><level class="para1"><num>(b)</num><content><p>the payment of the costs (in Scotland, expenses) of the registrar in connection with the proceedings for the revival of the limited partnership.</p></content></level></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-141-3"><num>(3)</num><content><p><mod>In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“<term refersTo="#term-the-gazette">the Gazette</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>as respects limited partnerships registered in England and Wales, the London Gazette,</p></content></level><level class="para1"><num>(b)</num><content><p>as respects limited partnerships registered in Scotland, the Edinburgh Gazette, and</p></content></level><level class="para1"><num>(c)</num><content><p>as respects limited partnerships registered in Northern Ireland, the Belfast Gazette;</p></content></level></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-141-4"><num>(4)</num><content><p>In section 10 (advertisement in Gazette), omit subsection (2).</p></content></subsection></section><section eId="section-142"><num>142</num><heading>Registrar’s power to confirm dissolution: transitional provision</heading><content><p>If the registrar exercises the power in section <ref href="#d28e21741">19</ref><ref href="#section-141-1">(1)</ref> of the Limited Partnerships Act 1907 (power to confirm dissolution of limited partnership) during the period of 6 months beginning when section 141<ref href="#section-141-2">(2)</ref> of this Act comes fully into force, subsections <ref href="#d28e21751">(2)</ref> to <ref href="#d28e21790">(4)</ref> of section <ref href="#d28e21741">19</ref> of the Limited Partnerships Act 1907 (publication of warning notice) do not apply.</p></content></section><section eId="section-143"><num>143</num><heading>Voluntary deregistration of limited partnership</heading><content><p><mod>After section 25 of the Limited Partnerships Act 1907 (inserted by section 141 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>26</num><heading>Voluntary deregistration of limited partnership</heading><subsection><num>(1)</num><content><p>The registrar must deregister a limited partnership if a statement is delivered to the registrar which is authenticated by or on behalf of each partner confirming that they want the limited partnership to be deregistered.</p></content></subsection><subsection><num>(2)</num><content><p>The registrar deregisters the limited partnership by publishing a notice in the Gazette of the limited partnership’s deregistration (a “deregistration notice”).</p></content></subsection><subsection><num>(3)</num><intro><p>The deregistration notice must state—</p></intro><level class="para1"><num>(a)</num><content><p>the firm name of the limited partnership, and</p></content></level><level class="para1"><num>(b)</num><content><p>the limited partnership’s registration number.</p></content></level></subsection><subsection><num>(4)</num><content><p>On the publication of the deregistration notice, the limited partnership ceases to be registered as a limited partnership under this Act (but this does not prevent any ongoing relationship from being a partnership).</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-144"><num>144</num><heading>Removal of limited partnership from index of names</heading><content><p><mod>After section 26 of the Limited Partnerships Act 1907 (inserted by section 143 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>27</num><heading>Removal of limited partnership from index of names</heading><subsection><num>(1)</num><intro><p>The registrar must remove a limited partnership from the index of names as soon as reasonably practicable if the registrar—</p></intro><level class="para1"><num>(a)</num><content><p>becomes aware that the limited partnership is dissolved (whether on the receipt of a notice under section 18, the publication of a dissolution notice under section 19(6) or otherwise), or</p></content></level><level class="para1"><num>(b)</num><content><p>publishes a deregistration notice under section 26 in respect of the limited partnership.</p></content></level></subsection><subsection eId="d28e22471"><num>(2)</num><intro><p>If the registrar removes a limited partnership from the index of names, the registrar must include a note in the register of limited partnerships stating either—</p></intro><level class="para1"><num>(a)</num><content><p>that the limited partnership has been removed from the index of names because of its dissolution, or</p></content></level><level class="para1"><num>(b)</num><content><p>that the limited partnership has been removed from the index of names because of its deregistration under section 26.</p></content></level></subsection><subsection><num>(3)</num><content><p>The registrar must also publish a notice of the removal in the Gazette if the limited partnership is removed from the index of names other than following the publication of a dissolution notice under section 19 or a deregistration notice under section 26.</p></content></subsection><subsection><num>(4)</num><content><p>Notes included in the register of limited partnerships in accordance with subsection <ref href="#d28e22471">(2)</ref> are part of the register of limited partnerships.</p></content></subsection><subsection><num>(5)</num><content><p>A note may be removed if it no longer serves any useful purpose.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-the-index-of-names">the index of names</term>” means the index kept by the registrar under section 1099 of the Companies Act 2006.</p></content></subsection></section></quotedStructure></mod></p></content></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-140"><num>140</num><heading>Duty to notify registrar of dissolution</heading><content><p><mod>After section 17 of the Limited Partnerships Act 1907 (power of board of trade to make rules) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Dissolution, revival and deregistration</heading><section><num>18</num><heading>Duty to notify registrar of dissolution</heading><subsection eId="d28e21597"><num>(1)</num><content><p>A person who is a general partner in a limited partnership at a time when it is dissolved must notify the registrar of the dissolution within the period of 14 days beginning with the day on which the person becomes aware of its dissolution.</p></content></subsection><subsection eId="d28e21603"><num>(2)</num><content><p>A person who is a limited partner in a limited partnership at a time when it is dissolved must, if there are no general partners at that time, notify the registrar of the dissolution within the period of 14 days beginning with the day on which the person becomes aware of its dissolution.</p></content></subsection><subsection><num>(3)</num><intro><p>But no notice is required under subsection <ref href="#d28e21597">(1)</ref> or <ref href="#d28e21603">(2)</ref> if—</p></intro><level class="para1"><num>(a)</num><content><p>the limited partnership is dissolved under section 19(6) (dissolution on publication of notice in Gazette),</p></content></level><level class="para1"><num>(b)</num><content><p>another person has notified the registrar of the dissolution under subsection <ref href="#d28e21597">(1)</ref> or <ref href="#d28e21603">(2)</ref>, or</p></content></level><level class="para1"><num>(c)</num><content><p>a dissolution notice under section 19 is published before the end of the period of 14 days mentioned in subsection <ref href="#d28e21597">(1)</ref> or <ref href="#d28e21603">(2)</ref>.</p></content></level></subsection><subsection><num>(4)</num><intro><p>If a person fails to comply with subsection <ref href="#d28e21597">(1)</ref> or <ref href="#d28e21603">(2)</ref> an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the person, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the person is a legal entity, any of its managing officers who is in default.</p></content></level></subsection><subsection><num>(5)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection><subsection><num>(6)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e21702"><num>(7)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(8)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e21702">(7)</ref>).</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-141"><num>141</num><heading>Registrar’s power to confirm dissolution of limited partnership</heading><subsection eId="section-141-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection><subsection eId="section-141-2"><num>(2)</num><content><p><mod>After section 18 of the Limited Partnerships Act 1907 (inserted by section 140 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e21741"><num>19</num><heading>Registrar’s power to confirm dissolution of limited partnership</heading><subsection eId="d28e21745"><num>(1)</num><content><p>If the registrar has reasonable cause to believe that a limited partnership has been dissolved, the registrar may publish a notice in the Gazette (a “dissolution notice”) stating that fact.</p></content></subsection><subsection eId="d28e21751"><num>(2)</num><intro><p>Where the registrar proposes to publish a dissolution notice, the registrar must first publish in the Gazette a notice (a “warning notice”)—</p></intro><level class="para1"><num>(a)</num><content><p>explaining the registrar’s proposal and its effect (see subsection <ref href="#d28e21829">(6)</ref>), and</p></content></level><level class="para1"><num>(b)</num><content><p>inviting any person to make representations about the registrar’s proposal.</p></content></level></subsection><subsection eId="d28e21772"><num>(3)</num><intro><p>The registrar must send a copy of the warning notice to—</p></intro><level class="para1"><num>(a)</num><content><p>the registered office of the limited partnership, and</p></content></level><level class="para1"><num>(b)</num><content><p>at least one person who appears in the register of limited partnerships as a general partner in the limited partnership (if there are any).</p></content></level></subsection><subsection eId="d28e21790"><num>(4)</num><content><p>The registrar may not publish a dissolution notice until after the end of the period of two months beginning with the first day on which the registrar has complied with subsection <ref href="#d28e21751">(2)</ref> and subsection <ref href="#d28e21772">(3)</ref>.</p></content></subsection><subsection><num>(5)</num><intro><p>The dissolution notice must—</p></intro><level class="para1"><num>(a)</num><content><p>state the firm name of the limited partnership,</p></content></level><level class="para1"><num>(b)</num><content><p>state the limited partnership’s registration number, and</p></content></level><level class="para1"><num>(c)</num><content><p>explain the effect of the publication of the notice (see subsection <ref href="#d28e21829">(6)</ref>).</p></content></level></subsection><subsection eId="d28e21829"><num>(6)</num><content><p>On the publication of a dissolution notice, the limited partnership to which it relates is dissolved if it was not already dissolved.</p></content></subsection><subsection><num>(7)</num><intro><p>For the purposes of subsection <ref href="#d28e21772">(3)</ref>, a person “appears in the register of limited partnerships as a general partner in the limited partnership” if—</p></intro><level class="para1"><num>(a)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>the person was named as a proposed general partner in the application for registration of the limited partnership under section 8A, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the general partners have given the registrar notice under section 8R that the person has become a general partner in the limited partnership, and</p></content></level></level><level class="para1"><num>(b)</num><intro><p>the general partners have not since—</p></intro><level class="para2"><num>(i)</num><content><p>given the registrar notice under section 8R that the person has ceased to be a general partner in the limited partnership, or</p></content></level><level class="para2"><num>(ii)</num><content><p>given the registrar notice under section 8T that the person did not become a general partner on registration of the limited partnership.</p></content></level></level></subsection></section><section eId="d28e21883"><num>20</num><heading>Administrative revival</heading><subsection><num>(1)</num><content><p>On an application under this section the registrar must revive a limited partnership if the registrar is satisfied that the following conditions are met.</p></content></subsection><subsection eId="d28e21893"><num>(2)</num><content><p>Condition 1 is that the limited partnership was dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref> (dissolution on publication of notice in Gazette).</p></content></subsection><subsection eId="d28e21904"><num>(3)</num><content><p>Condition 2 is that the applicant has delivered to the registrar such documents as are necessary to ensure that, if the limited partnership is revived, the records kept by the registrar relating to the limited partnership will be up to date.</p></content></subsection><subsection eId="d28e21910"><num>(4)</num><intro><p>Condition 3 is that each relevant person has paid any outstanding fines or financial penalties imposed on them in respect of an offence—</p></intro><level class="para1"><num>(a)</num><content><p>under this Act, or</p></content></level><level class="para1"><num>(b)</num><content><p>by virtue of regulations made under section <ref href="#d28e23060">7A</ref> of this Act,</p></content></level><wrapUp><p>relating to the limited partnership.</p></wrapUp></subsection><subsection eId="d28e21933"><num>(5)</num><content><p>An application under this section may only be made by a person who was a general partner in the limited partnership immediately before it was dissolved.</p></content></subsection><subsection eId="d28e21939"><num>(6)</num><intro><p>The application must include a statement that—</p></intro><level class="para1"><num>(a)</num><content><p>the conditions in subsections <ref href="#d28e21893">(2)</ref>, <ref href="#d28e21904">(3)</ref> and <ref href="#d28e21910">(4)</ref> are met, and</p></content></level><level class="para1"><num>(b)</num><content><p>the applicant is a person mentioned in subsection <ref href="#d28e21933">(5)</ref>.</p></content></level></subsection><subsection eId="d28e21969"><num>(7)</num><content><p>An application under this section may not be made after the end of the period of six years beginning with the date on which the limited partnership was dissolved.</p></content></subsection><subsection><num>(8)</num><content><p>For the purpose of subsection <ref href="#d28e21969">(7)</ref> an application is made when it is received by the registrar.</p></content></subsection><subsection><num>(9)</num><intro><p>In subsection <ref href="#d28e21910">(4)</ref> “<term refersTo="#term-relevant-person">relevant person</term>” means—</p></intro><level class="para1" eId="d28e21996"><num>(a)</num><content><p>the applicant,</p></content></level><level class="para1" eId="d28e22002"><num>(b)</num><intro><p>any person who—</p></intro><level class="para2"><num>(i)</num><content><p>was a general partner in the limited partnership immediately before it was dissolved, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if the limited partnership is revived, will be a general partner in the limited partnership immediately after its revival, or</p></content></level></level><level class="para1"><num>(c)</num><intro><p>any person who is a managing officer of a legal entity where the legal entity is—</p></intro><level class="para2"><num>(i)</num><content><p>a person mentioned in paragraph <ref href="#d28e21996">(a)</ref> or <ref href="#d28e22002">(b)</ref>, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a person falling within this paragraph.</p></content></level></level></subsection></section><section><num>21</num><heading>Registrar’s decision on application for administrative revival</heading><subsection><num>(1)</num><content><p>The registrar must give notice to the applicant of the decision on an application under section <ref href="#d28e21883">20</ref>.</p></content></subsection><subsection><num>(2)</num><content><p>If the limited partnership is revived, the revival takes effect on the date that the notice is sent.</p></content></subsection><subsection><num>(3)</num><intro><p>If the limited partnership is revived the registrar must—</p></intro><level class="para1"><num>(a)</num><content><p>enter on the register of limited partnerships a note of the date on which the revival of the limited partnership takes effect, and</p></content></level><level class="para1" eId="d28e22078"><num>(b)</num><content><p>cause notice of the revival to be published in the Gazette.</p></content></level></subsection><subsection><num>(4)</num><content><p>Notes entered on the register of limited partnerships in accordance with subsection (3)(a) are part of the register of limited partnerships.</p></content></subsection><subsection><num>(5)</num><intro><p>The notice under subsection <ref href="#d28e22078">(3)(b)</ref> must state—</p></intro><level class="para1"><num>(a)</num><content><p>the limited partnership’s name (which must be the name that it had before it was dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>),</p></content></level><level class="para1"><num>(b)</num><content><p>the limited partnership’s registration number, and</p></content></level><level class="para1"><num>(c)</num><content><p>the date on which the revival of the limited partnership takes effect.</p></content></level></subsection></section><section><num>22</num><heading>Effect of administrative revival</heading><subsection><num>(1)</num><content><p>The general effect of administrative revival is that the limited partnership is to be treated as having continued in existence as if it had not been dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>.</p></content></subsection><subsection><num>(2)</num><content><p>The court may give such directions and make such provision as seems just for placing the limited partnership and all other persons in the same position (as nearly as may be) as if the limited partnership had not been dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>.</p></content></subsection><subsection eId="d28e22151"><num>(3)</num><content><p>An application to the court for such directions or provision may be made at any time within the period of three years beginning with the date on which the revival of the limited partnership took effect.</p></content></subsection></section><section eId="d28e22160"><num>23</num><heading>Application to court for revival</heading><subsection><num>(1)</num><content><p>An application may be made to the court to revive a limited partnership that has been dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref> (dissolution on publication of notice in Gazette).</p></content></subsection><subsection><num>(2)</num><intro><p>An application under this section may be made by—</p></intro><level class="para1"><num>(a)</num><content><p>the Secretary of State,</p></content></level><level class="para1"><num>(b)</num><content><p>a person who was a partner in the limited partnership immediately before it was dissolved, or</p></content></level><level class="para1"><num>(c)</num><content><p>any other person appearing to the court to have an interest in the matter.</p></content></level></subsection><subsection><num>(3)</num><intro><p>An application to the court for the revival of a limited partnership may only be made—</p></intro><level class="para1"><num>(a)</num><content><p>within the period of six years beginning with the date on which the limited partnership was dissolved, or</p></content></level><level class="para1"><num>(b)</num><content><p>where the applicant made an application under section <ref href="#d28e21883">20</ref> that was refused, within the period of 28 days beginning with the date on which notice of the registrar’s decision was sent by the registrar to the applicant.</p></content></level></subsection></section><section><num>24</num><heading>Decision on application for revival by the court</heading><subsection><num>(1)</num><content><p>If, on an application under section <ref href="#d28e22160">23</ref>, the court orders revival of the limited partnership, the revival takes effect on a copy of the court’s order being delivered to the registrar.</p></content></subsection><subsection><num>(2)</num><content><p>The registrar must publish a notice in the Gazette of the revival of the limited partnership.</p></content></subsection><subsection><num>(3)</num><intro><p>The notice must state—</p></intro><level class="para1"><num>(a)</num><content><p>the limited partnership’s name (which must be the name that it had before it was dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>),</p></content></level><level class="para1"><num>(b)</num><content><p>the limited partnership’s registration number, and</p></content></level><level class="para1"><num>(c)</num><content><p>the date on which the revival of the limited partnership takes effect.</p></content></level></subsection></section><section><num>25</num><heading>Effect of court order for revival</heading><subsection><num>(1)</num><content><p>The general effect of an order by the court for revival is that the limited partnership is to be treated as having continued in existence as a limited partnership as if it had not been dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>.</p></content></subsection><subsection><num>(2)</num><content><p>The court may give such directions and make such provision as seems just for placing the limited partnership and all other persons in the same position (as nearly as may be) as if the limited partnership had not been dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>.</p></content></subsection><subsection><num>(3)</num><intro><p>The court may also give directions as to—</p></intro><level class="para1"><num>(a)</num><content><p>the delivery to the registrar of such documents relating to the limited partnership as are necessary to bring up to date the records kept by the registrar, or</p></content></level><level class="para1"><num>(b)</num><content><p>the payment of the costs (in Scotland, expenses) of the registrar in connection with the proceedings for the revival of the limited partnership.</p></content></level></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-141-3"><num>(3)</num><content><p><mod>In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“<term refersTo="#term-the-gazette">the Gazette</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>as respects limited partnerships registered in England and Wales, the London Gazette,</p></content></level><level class="para1"><num>(b)</num><content><p>as respects limited partnerships registered in Scotland, the Edinburgh Gazette, and</p></content></level><level class="para1"><num>(c)</num><content><p>as respects limited partnerships registered in Northern Ireland, the Belfast Gazette;</p></content></level></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-141-4"><num>(4)</num><content><p>In section 10 (advertisement in Gazette), omit subsection (2).</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-141-1"><num>(1)</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-141-2"><num>(2)</num><content><p><mod>After section 18 of the Limited Partnerships Act 1907 (inserted by section 140 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e21741"><num>19</num><heading>Registrar’s power to confirm dissolution of limited partnership</heading><subsection eId="d28e21745"><num>(1)</num><content><p>If the registrar has reasonable cause to believe that a limited partnership has been dissolved, the registrar may publish a notice in the Gazette (a “dissolution notice”) stating that fact.</p></content></subsection><subsection eId="d28e21751"><num>(2)</num><intro><p>Where the registrar proposes to publish a dissolution notice, the registrar must first publish in the Gazette a notice (a “warning notice”)—</p></intro><level class="para1"><num>(a)</num><content><p>explaining the registrar’s proposal and its effect (see subsection <ref href="#d28e21829">(6)</ref>), and</p></content></level><level class="para1"><num>(b)</num><content><p>inviting any person to make representations about the registrar’s proposal.</p></content></level></subsection><subsection eId="d28e21772"><num>(3)</num><intro><p>The registrar must send a copy of the warning notice to—</p></intro><level class="para1"><num>(a)</num><content><p>the registered office of the limited partnership, and</p></content></level><level class="para1"><num>(b)</num><content><p>at least one person who appears in the register of limited partnerships as a general partner in the limited partnership (if there are any).</p></content></level></subsection><subsection eId="d28e21790"><num>(4)</num><content><p>The registrar may not publish a dissolution notice until after the end of the period of two months beginning with the first day on which the registrar has complied with subsection <ref href="#d28e21751">(2)</ref> and subsection <ref href="#d28e21772">(3)</ref>.</p></content></subsection><subsection><num>(5)</num><intro><p>The dissolution notice must—</p></intro><level class="para1"><num>(a)</num><content><p>state the firm name of the limited partnership,</p></content></level><level class="para1"><num>(b)</num><content><p>state the limited partnership’s registration number, and</p></content></level><level class="para1"><num>(c)</num><content><p>explain the effect of the publication of the notice (see subsection <ref href="#d28e21829">(6)</ref>).</p></content></level></subsection><subsection eId="d28e21829"><num>(6)</num><content><p>On the publication of a dissolution notice, the limited partnership to which it relates is dissolved if it was not already dissolved.</p></content></subsection><subsection><num>(7)</num><intro><p>For the purposes of subsection <ref href="#d28e21772">(3)</ref>, a person “appears in the register of limited partnerships as a general partner in the limited partnership” if—</p></intro><level class="para1"><num>(a)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>the person was named as a proposed general partner in the application for registration of the limited partnership under section 8A, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the general partners have given the registrar notice under section 8R that the person has become a general partner in the limited partnership, and</p></content></level></level><level class="para1"><num>(b)</num><intro><p>the general partners have not since—</p></intro><level class="para2"><num>(i)</num><content><p>given the registrar notice under section 8R that the person has ceased to be a general partner in the limited partnership, or</p></content></level><level class="para2"><num>(ii)</num><content><p>given the registrar notice under section 8T that the person did not become a general partner on registration of the limited partnership.</p></content></level></level></subsection></section><section eId="d28e21883"><num>20</num><heading>Administrative revival</heading><subsection><num>(1)</num><content><p>On an application under this section the registrar must revive a limited partnership if the registrar is satisfied that the following conditions are met.</p></content></subsection><subsection eId="d28e21893"><num>(2)</num><content><p>Condition 1 is that the limited partnership was dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref> (dissolution on publication of notice in Gazette).</p></content></subsection><subsection eId="d28e21904"><num>(3)</num><content><p>Condition 2 is that the applicant has delivered to the registrar such documents as are necessary to ensure that, if the limited partnership is revived, the records kept by the registrar relating to the limited partnership will be up to date.</p></content></subsection><subsection eId="d28e21910"><num>(4)</num><intro><p>Condition 3 is that each relevant person has paid any outstanding fines or financial penalties imposed on them in respect of an offence—</p></intro><level class="para1"><num>(a)</num><content><p>under this Act, or</p></content></level><level class="para1"><num>(b)</num><content><p>by virtue of regulations made under section <ref href="#d28e23060">7A</ref> of this Act,</p></content></level><wrapUp><p>relating to the limited partnership.</p></wrapUp></subsection><subsection eId="d28e21933"><num>(5)</num><content><p>An application under this section may only be made by a person who was a general partner in the limited partnership immediately before it was dissolved.</p></content></subsection><subsection eId="d28e21939"><num>(6)</num><intro><p>The application must include a statement that—</p></intro><level class="para1"><num>(a)</num><content><p>the conditions in subsections <ref href="#d28e21893">(2)</ref>, <ref href="#d28e21904">(3)</ref> and <ref href="#d28e21910">(4)</ref> are met, and</p></content></level><level class="para1"><num>(b)</num><content><p>the applicant is a person mentioned in subsection <ref href="#d28e21933">(5)</ref>.</p></content></level></subsection><subsection eId="d28e21969"><num>(7)</num><content><p>An application under this section may not be made after the end of the period of six years beginning with the date on which the limited partnership was dissolved.</p></content></subsection><subsection><num>(8)</num><content><p>For the purpose of subsection <ref href="#d28e21969">(7)</ref> an application is made when it is received by the registrar.</p></content></subsection><subsection><num>(9)</num><intro><p>In subsection <ref href="#d28e21910">(4)</ref> “<term refersTo="#term-relevant-person">relevant person</term>” means—</p></intro><level class="para1" eId="d28e21996"><num>(a)</num><content><p>the applicant,</p></content></level><level class="para1" eId="d28e22002"><num>(b)</num><intro><p>any person who—</p></intro><level class="para2"><num>(i)</num><content><p>was a general partner in the limited partnership immediately before it was dissolved, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if the limited partnership is revived, will be a general partner in the limited partnership immediately after its revival, or</p></content></level></level><level class="para1"><num>(c)</num><intro><p>any person who is a managing officer of a legal entity where the legal entity is—</p></intro><level class="para2"><num>(i)</num><content><p>a person mentioned in paragraph <ref href="#d28e21996">(a)</ref> or <ref href="#d28e22002">(b)</ref>, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a person falling within this paragraph.</p></content></level></level></subsection></section><section><num>21</num><heading>Registrar’s decision on application for administrative revival</heading><subsection><num>(1)</num><content><p>The registrar must give notice to the applicant of the decision on an application under section <ref href="#d28e21883">20</ref>.</p></content></subsection><subsection><num>(2)</num><content><p>If the limited partnership is revived, the revival takes effect on the date that the notice is sent.</p></content></subsection><subsection><num>(3)</num><intro><p>If the limited partnership is revived the registrar must—</p></intro><level class="para1"><num>(a)</num><content><p>enter on the register of limited partnerships a note of the date on which the revival of the limited partnership takes effect, and</p></content></level><level class="para1" eId="d28e22078"><num>(b)</num><content><p>cause notice of the revival to be published in the Gazette.</p></content></level></subsection><subsection><num>(4)</num><content><p>Notes entered on the register of limited partnerships in accordance with subsection (3)(a) are part of the register of limited partnerships.</p></content></subsection><subsection><num>(5)</num><intro><p>The notice under subsection <ref href="#d28e22078">(3)(b)</ref> must state—</p></intro><level class="para1"><num>(a)</num><content><p>the limited partnership’s name (which must be the name that it had before it was dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>),</p></content></level><level class="para1"><num>(b)</num><content><p>the limited partnership’s registration number, and</p></content></level><level class="para1"><num>(c)</num><content><p>the date on which the revival of the limited partnership takes effect.</p></content></level></subsection></section><section><num>22</num><heading>Effect of administrative revival</heading><subsection><num>(1)</num><content><p>The general effect of administrative revival is that the limited partnership is to be treated as having continued in existence as if it had not been dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>.</p></content></subsection><subsection><num>(2)</num><content><p>The court may give such directions and make such provision as seems just for placing the limited partnership and all other persons in the same position (as nearly as may be) as if the limited partnership had not been dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>.</p></content></subsection><subsection eId="d28e22151"><num>(3)</num><content><p>An application to the court for such directions or provision may be made at any time within the period of three years beginning with the date on which the revival of the limited partnership took effect.</p></content></subsection></section><section eId="d28e22160"><num>23</num><heading>Application to court for revival</heading><subsection><num>(1)</num><content><p>An application may be made to the court to revive a limited partnership that has been dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref> (dissolution on publication of notice in Gazette).</p></content></subsection><subsection><num>(2)</num><intro><p>An application under this section may be made by—</p></intro><level class="para1"><num>(a)</num><content><p>the Secretary of State,</p></content></level><level class="para1"><num>(b)</num><content><p>a person who was a partner in the limited partnership immediately before it was dissolved, or</p></content></level><level class="para1"><num>(c)</num><content><p>any other person appearing to the court to have an interest in the matter.</p></content></level></subsection><subsection><num>(3)</num><intro><p>An application to the court for the revival of a limited partnership may only be made—</p></intro><level class="para1"><num>(a)</num><content><p>within the period of six years beginning with the date on which the limited partnership was dissolved, or</p></content></level><level class="para1"><num>(b)</num><content><p>where the applicant made an application under section <ref href="#d28e21883">20</ref> that was refused, within the period of 28 days beginning with the date on which notice of the registrar’s decision was sent by the registrar to the applicant.</p></content></level></subsection></section><section><num>24</num><heading>Decision on application for revival by the court</heading><subsection><num>(1)</num><content><p>If, on an application under section <ref href="#d28e22160">23</ref>, the court orders revival of the limited partnership, the revival takes effect on a copy of the court’s order being delivered to the registrar.</p></content></subsection><subsection><num>(2)</num><content><p>The registrar must publish a notice in the Gazette of the revival of the limited partnership.</p></content></subsection><subsection><num>(3)</num><intro><p>The notice must state—</p></intro><level class="para1"><num>(a)</num><content><p>the limited partnership’s name (which must be the name that it had before it was dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>),</p></content></level><level class="para1"><num>(b)</num><content><p>the limited partnership’s registration number, and</p></content></level><level class="para1"><num>(c)</num><content><p>the date on which the revival of the limited partnership takes effect.</p></content></level></subsection></section><section><num>25</num><heading>Effect of court order for revival</heading><subsection><num>(1)</num><content><p>The general effect of an order by the court for revival is that the limited partnership is to be treated as having continued in existence as a limited partnership as if it had not been dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>.</p></content></subsection><subsection><num>(2)</num><content><p>The court may give such directions and make such provision as seems just for placing the limited partnership and all other persons in the same position (as nearly as may be) as if the limited partnership had not been dissolved under section <ref href="#d28e21741">19</ref><ref href="#d28e21829">(6)</ref>.</p></content></subsection><subsection><num>(3)</num><intro><p>The court may also give directions as to—</p></intro><level class="para1"><num>(a)</num><content><p>the delivery to the registrar of such documents relating to the limited partnership as are necessary to bring up to date the records kept by the registrar, or</p></content></level><level class="para1"><num>(b)</num><content><p>the payment of the costs (in Scotland, expenses) of the registrar in connection with the proceedings for the revival of the limited partnership.</p></content></level></subsection></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-141-3"><num>(3)</num><content><p><mod>In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“<term refersTo="#term-the-gazette">the Gazette</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>as respects limited partnerships registered in England and Wales, the London Gazette,</p></content></level><level class="para1"><num>(b)</num><content><p>as respects limited partnerships registered in Scotland, the Edinburgh Gazette, and</p></content></level><level class="para1"><num>(c)</num><content><p>as respects limited partnerships registered in Northern Ireland, the Belfast Gazette;</p></content></level></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-141-4"><num>(4)</num><content><p>In section 10 (advertisement in Gazette), omit subsection (2).</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-142"><num>142</num><heading>Registrar’s power to confirm dissolution: transitional provision</heading><content><p>If the registrar exercises the power in section <ref href="#d28e21741">19</ref><ref href="#section-141-1">(1)</ref> of the Limited Partnerships Act 1907 (power to confirm dissolution of limited partnership) during the period of 6 months beginning when section 141<ref href="#section-141-2">(2)</ref> of this Act comes fully into force, subsections <ref href="#d28e21751">(2)</ref> to <ref href="#d28e21790">(4)</ref> of section <ref href="#d28e21741">19</ref> of the Limited Partnerships Act 1907 (publication of warning notice) do not apply.</p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-143"><num>143</num><heading>Voluntary deregistration of limited partnership</heading><content><p><mod>After section 25 of the Limited Partnerships Act 1907 (inserted by section 141 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>26</num><heading>Voluntary deregistration of limited partnership</heading><subsection><num>(1)</num><content><p>The registrar must deregister a limited partnership if a statement is delivered to the registrar which is authenticated by or on behalf of each partner confirming that they want the limited partnership to be deregistered.</p></content></subsection><subsection><num>(2)</num><content><p>The registrar deregisters the limited partnership by publishing a notice in the Gazette of the limited partnership’s deregistration (a “deregistration notice”).</p></content></subsection><subsection><num>(3)</num><intro><p>The deregistration notice must state—</p></intro><level class="para1"><num>(a)</num><content><p>the firm name of the limited partnership, and</p></content></level><level class="para1"><num>(b)</num><content><p>the limited partnership’s registration number.</p></content></level></subsection><subsection><num>(4)</num><content><p>On the publication of the deregistration notice, the limited partnership ceases to be registered as a limited partnership under this Act (but this does not prevent any ongoing relationship from being a partnership).</p></content></subsection></section></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-144"><num>144</num><heading>Removal of limited partnership from index of names</heading><content><p><mod>After section 26 of the Limited Partnerships Act 1907 (inserted by section 143 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>27</num><heading>Removal of limited partnership from index of names</heading><subsection><num>(1)</num><intro><p>The registrar must remove a limited partnership from the index of names as soon as reasonably practicable if the registrar—</p></intro><level class="para1"><num>(a)</num><content><p>becomes aware that the limited partnership is dissolved (whether on the receipt of a notice under section 18, the publication of a dissolution notice under section 19(6) or otherwise), or</p></content></level><level class="para1"><num>(b)</num><content><p>publishes a deregistration notice under section 26 in respect of the limited partnership.</p></content></level></subsection><subsection eId="d28e22471"><num>(2)</num><intro><p>If the registrar removes a limited partnership from the index of names, the registrar must include a note in the register of limited partnerships stating either—</p></intro><level class="para1"><num>(a)</num><content><p>that the limited partnership has been removed from the index of names because of its dissolution, or</p></content></level><level class="para1"><num>(b)</num><content><p>that the limited partnership has been removed from the index of names because of its deregistration under section 26.</p></content></level></subsection><subsection><num>(3)</num><content><p>The registrar must also publish a notice of the removal in the Gazette if the limited partnership is removed from the index of names other than following the publication of a dissolution notice under section 19 or a deregistration notice under section 26.</p></content></subsection><subsection><num>(4)</num><content><p>Notes included in the register of limited partnerships in accordance with subsection <ref href="#d28e22471">(2)</ref> are part of the register of limited partnerships.</p></content></subsection><subsection><num>(5)</num><content><p>A note may be removed if it no longer serves any useful purpose.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-the-index-of-names">the index of names</term>” means the index kept by the registrar under section 1099 of the Companies Act 2006.</p></content></subsection></section></quotedStructure></mod></p></content></section>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-delivery-of-documents"><heading>Delivery of documents</heading><section eId="section-145"><num>145</num><heading>Delivery of documents relating to limited partnerships</heading><content><p><mod>After section 32 of the Limited Partnerships Act 1907 (inserted by section 134 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Delivery of documents to the registrar</heading><section><num>33</num><heading>Documents to be delivered by authorised corporate service providers</heading><subsection><num>(1)</num><content><p>An individual may not deliver a document under a provision listed in subsection <ref href="#d28e22576">(3)</ref> to the registrar on their own behalf (and, accordingly, any delivery of a document under such a provision must be made on the individual’s behalf in accordance with subsection <ref href="#d28e22555">(2)</ref>).</p></content></subsection><subsection eId="d28e22555"><num>(2)</num><intro><p>An individual may not deliver a document under a provision listed in subsection <ref href="#d28e22576">(3)</ref> to the registrar on behalf of another person unless—</p></intro><level class="para1" eId="d28e22564"><num>(a)</num><content><p>the individual is an authorised corporate service provider, or</p></content></level><level class="para1" eId="d28e22570"><num>(b)</num><content><p>the individual is an officer or employee of an authorised corporate service provider.</p></content></level></subsection><subsection eId="d28e22576"><num>(3)</num><intro><p>The provisions are—</p></intro><level class="para1"><num>(a)</num><content><p>section 8A (application for registration);</p></content></level><level class="para1"><num>(b)</num><content><p>section 8F (change of address of registered office) or <ref href="#d28e16700">8I</ref> (change of registered email address);</p></content></level><level class="para1"><num>(c)</num><content><p>section <ref href="#d28e17421">8L</ref>, <ref href="#d28e17495">8M</ref>, <ref href="#d28e17567">8N</ref> or <ref href="#d28e17646">8O</ref> (changes relating to officers of general partners);</p></content></level><level class="para1"><num>(d)</num><content><p>section 8R, 8S or 8T (changes relating to partners);</p></content></level><level class="para1"><num>(e)</num><content><p>section <ref href="#d28e18931">10A</ref> or <ref href="#d28e19013">10B</ref> (other changes in partnerships), other than a notice under section <ref href="#d28e18931">10A</ref><ref href="#d28e18974">(2)(b)(i)</ref> or <ref href="#d28e19013">10B</ref><ref href="#d28e19029">(2)(a)</ref>;</p></content></level><level class="para1"><num>(f)</num><content><p>section <ref href="#d28e19194">10D</ref> (confirmation statements);</p></content></level><level class="para1"><num>(g)</num><content><p>section <ref href="#d28e21883">20</ref> (administrative revival).</p></content></level></subsection><subsection eId="d28e22661"><num>(4)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>amend this section for the purposes of changing who may deliver a document under a provision listed in subsection <ref href="#d28e22576">(3)</ref> to the registrar on behalf of another person;</p></content></level><level class="para1"><num>(b)</num><content><p>amend the list in subsection <ref href="#d28e22576">(3)</ref>.</p></content></level></subsection><subsection><num>(5)</num><content><p>Regulations under subsection <ref href="#d28e22661">(4)</ref> are subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section><section eId="section-146"><num>146</num><heading>General false statement offences</heading><content><p><mod>After section 33 of the Limited Partnerships Act 1907 (inserted by section 145 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>34</num><heading>False statements: basic offence</heading><subsection><num>(1)</num><intro><p>It is an offence for a person, without reasonable excuse, to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for the purposes of this Act, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for the purposes of this Act, a statement that is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a legal entity, every managing officer of the entity who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</p></content></level></subsection><subsection><num>(4)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e22769"><num>(5)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(6)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e22769">(5)</ref>).</p></content></subsection></section><section><num>35</num><heading>False statements: aggravated offence</heading><subsection><num>(1)</num><intro><p>It is an offence for a person knowingly to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for the purposes of this Act, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for the purposes of this Act, a statement that is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a legal entity, every managing officer of the entity who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both).</p></content></level></level></subsection><subsection><num>(4)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e22860"><num>(5)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(6)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e22860">(5)</ref>).</p></content></subsection></section></quotedStructure></mod></p></content></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-145"><num>145</num><heading>Delivery of documents relating to limited partnerships</heading><content><p><mod>After section 32 of the Limited Partnerships Act 1907 (inserted by section 134 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Delivery of documents to the registrar</heading><section><num>33</num><heading>Documents to be delivered by authorised corporate service providers</heading><subsection><num>(1)</num><content><p>An individual may not deliver a document under a provision listed in subsection <ref href="#d28e22576">(3)</ref> to the registrar on their own behalf (and, accordingly, any delivery of a document under such a provision must be made on the individual’s behalf in accordance with subsection <ref href="#d28e22555">(2)</ref>).</p></content></subsection><subsection eId="d28e22555"><num>(2)</num><intro><p>An individual may not deliver a document under a provision listed in subsection <ref href="#d28e22576">(3)</ref> to the registrar on behalf of another person unless—</p></intro><level class="para1" eId="d28e22564"><num>(a)</num><content><p>the individual is an authorised corporate service provider, or</p></content></level><level class="para1" eId="d28e22570"><num>(b)</num><content><p>the individual is an officer or employee of an authorised corporate service provider.</p></content></level></subsection><subsection eId="d28e22576"><num>(3)</num><intro><p>The provisions are—</p></intro><level class="para1"><num>(a)</num><content><p>section 8A (application for registration);</p></content></level><level class="para1"><num>(b)</num><content><p>section 8F (change of address of registered office) or <ref href="#d28e16700">8I</ref> (change of registered email address);</p></content></level><level class="para1"><num>(c)</num><content><p>section <ref href="#d28e17421">8L</ref>, <ref href="#d28e17495">8M</ref>, <ref href="#d28e17567">8N</ref> or <ref href="#d28e17646">8O</ref> (changes relating to officers of general partners);</p></content></level><level class="para1"><num>(d)</num><content><p>section 8R, 8S or 8T (changes relating to partners);</p></content></level><level class="para1"><num>(e)</num><content><p>section <ref href="#d28e18931">10A</ref> or <ref href="#d28e19013">10B</ref> (other changes in partnerships), other than a notice under section <ref href="#d28e18931">10A</ref><ref href="#d28e18974">(2)(b)(i)</ref> or <ref href="#d28e19013">10B</ref><ref href="#d28e19029">(2)(a)</ref>;</p></content></level><level class="para1"><num>(f)</num><content><p>section <ref href="#d28e19194">10D</ref> (confirmation statements);</p></content></level><level class="para1"><num>(g)</num><content><p>section <ref href="#d28e21883">20</ref> (administrative revival).</p></content></level></subsection><subsection eId="d28e22661"><num>(4)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>amend this section for the purposes of changing who may deliver a document under a provision listed in subsection <ref href="#d28e22576">(3)</ref> to the registrar on behalf of another person;</p></content></level><level class="para1"><num>(b)</num><content><p>amend the list in subsection <ref href="#d28e22576">(3)</ref>.</p></content></level></subsection><subsection><num>(5)</num><content><p>Regulations under subsection <ref href="#d28e22661">(4)</ref> are subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-146"><num>146</num><heading>General false statement offences</heading><content><p><mod>After section 33 of the Limited Partnerships Act 1907 (inserted by section 145 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>34</num><heading>False statements: basic offence</heading><subsection><num>(1)</num><intro><p>It is an offence for a person, without reasonable excuse, to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for the purposes of this Act, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for the purposes of this Act, a statement that is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a legal entity, every managing officer of the entity who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</p></content></level></subsection><subsection><num>(4)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e22769"><num>(5)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(6)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e22769">(5)</ref>).</p></content></subsection></section><section><num>35</num><heading>False statements: aggravated offence</heading><subsection><num>(1)</num><intro><p>It is an offence for a person knowingly to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for the purposes of this Act, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for the purposes of this Act, a statement that is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a legal entity, every managing officer of the entity who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both).</p></content></level></level></subsection><subsection><num>(4)</num><content><p>A managing officer is “<term refersTo="#term-in-default">in default</term>” for the purposes of this section if they authorise or permit, participate in, or fail to take all reasonable steps to prevent, the contravention.</p></content></subsection><subsection eId="d28e22860"><num>(5)</num><content><p>But a corporate managing officer does not commit an offence as a managing officer in default unless one of its managing officers is in default.</p></content></subsection><subsection><num>(6)</num><content><p>Where any such offence is committed by a corporate managing officer the managing officer in question also commits the offence (subject to subsection <ref href="#d28e22860">(5)</ref>).</p></content></subsection></section></quotedStructure></mod></p></content></section>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-national-security-exemption-from-identity-verification"><heading>National security exemption from identity verification</heading><section eId="section-147"><num>147</num><heading>National security exemption from identity verification</heading><content><p><mod>After section 35 of the Limited Partnerships Act 1907 (inserted by section 146 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>National security exemption from identity verification</heading><section><num>36</num><heading>National security exemption from identity verification</heading><subsection><num>(1)</num><intro><p>The Secretary of State may, by written notice given to a person, provide for one or more of the effects listed in subsection <ref href="#d28e22921">(2)</ref> to apply in relation to the person, if satisfied that to do so is necessary—</p></intro><level class="para1"><num>(a)</num><content><p>in the interests of national security, or</p></content></level><level class="para1" eId="d28e22915"><num>(b)</num><content><p>for the purposes of preventing or detecting serious crime.</p></content></level></subsection><subsection eId="d28e22921"><num>(2)</num><intro><p>The effects for which the notice may provide are that—</p></intro><level class="para1"><num>(a)</num><content><p>a statement under section 8A(1C) may name the person as a proposed general partner’s proposed registered officer even if the person does not meet the requirement in paragraph (c) of that subsection;</p></content></level><level class="para1"><num>(b)</num><content><p>a statement by the person under section 8A(1F)(b) is not required to confirm that the person meets the requirement in sub-paragraph (iii) of that paragraph;</p></content></level><level class="para1"><num>(c)</num><content><p>where the person is a general partner’s registered officer, section 8K(1)(c) does not impose any obligation on the general partner;</p></content></level><level class="para1"><num>(d)</num><content><p>a statement under section 8L(3)(a) or (b) made in relation to a notice naming the person as a general partner’s new registered officer is not required to confirm that the person meets the requirement in section 8K(1)(c);</p></content></level><level class="para1"><num>(e)</num><content><p>a statement under section 8R(4) may name the person as a general partner’s proposed registered officer even if the person does not meet the requirement in section 8K(1)(c);</p></content></level><level class="para1"><num>(f)</num><content><p>a statement by the person under section 8R(7)(b) is not required to confirm that the person meets the requirement in section 8K(1)(c);</p></content></level><level class="para1"><num>(g)</num><content><p>section 33 (documents to be delivered by authorised corporate service providers) does not apply in relation to the delivery of documents to the registrar by the person on their own behalf or on behalf of another.</p></content></level></subsection><subsection><num>(3)</num><intro><p>For the purposes of subsection <ref href="#d28e22915">(1)(b)</ref>—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-crime">crime</term>” means conduct which—</p></intro><level class="para2"><num>(i)</num><content><p>constitutes a criminal offence, or</p></content></level><level class="para2"><num>(ii)</num><content><p>is, or corresponds to, any conduct which, if it all took place in any one part of the United Kingdom, would constitute a criminal offence, and</p></content></level></level><level class="para1"><num>(b)</num><intro><p>crime is “serious” if—</p></intro><level class="para2"><num>(i)</num><content><p>the offence which is or would be constituted by the conduct is an offence for which the maximum sentence (in any part of the United Kingdom) is imprisonment for 3 years or more, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the conduct involves the use of violence, results in substantial financial gain or is conduct by a large number of persons in pursuit of a common purpose.</p></content></level></level></subsection></section></hcontainer></quotedStructure></mod></p></content></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-147"><num>147</num><heading>National security exemption from identity verification</heading><content><p><mod>After section 35 of the Limited Partnerships Act 1907 (inserted by section 146 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>National security exemption from identity verification</heading><section><num>36</num><heading>National security exemption from identity verification</heading><subsection><num>(1)</num><intro><p>The Secretary of State may, by written notice given to a person, provide for one or more of the effects listed in subsection <ref href="#d28e22921">(2)</ref> to apply in relation to the person, if satisfied that to do so is necessary—</p></intro><level class="para1"><num>(a)</num><content><p>in the interests of national security, or</p></content></level><level class="para1" eId="d28e22915"><num>(b)</num><content><p>for the purposes of preventing or detecting serious crime.</p></content></level></subsection><subsection eId="d28e22921"><num>(2)</num><intro><p>The effects for which the notice may provide are that—</p></intro><level class="para1"><num>(a)</num><content><p>a statement under section 8A(1C) may name the person as a proposed general partner’s proposed registered officer even if the person does not meet the requirement in paragraph (c) of that subsection;</p></content></level><level class="para1"><num>(b)</num><content><p>a statement by the person under section 8A(1F)(b) is not required to confirm that the person meets the requirement in sub-paragraph (iii) of that paragraph;</p></content></level><level class="para1"><num>(c)</num><content><p>where the person is a general partner’s registered officer, section 8K(1)(c) does not impose any obligation on the general partner;</p></content></level><level class="para1"><num>(d)</num><content><p>a statement under section 8L(3)(a) or (b) made in relation to a notice naming the person as a general partner’s new registered officer is not required to confirm that the person meets the requirement in section 8K(1)(c);</p></content></level><level class="para1"><num>(e)</num><content><p>a statement under section 8R(4) may name the person as a general partner’s proposed registered officer even if the person does not meet the requirement in section 8K(1)(c);</p></content></level><level class="para1"><num>(f)</num><content><p>a statement by the person under section 8R(7)(b) is not required to confirm that the person meets the requirement in section 8K(1)(c);</p></content></level><level class="para1"><num>(g)</num><content><p>section 33 (documents to be delivered by authorised corporate service providers) does not apply in relation to the delivery of documents to the registrar by the person on their own behalf or on behalf of another.</p></content></level></subsection><subsection><num>(3)</num><intro><p>For the purposes of subsection <ref href="#d28e22915">(1)(b)</ref>—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-crime">crime</term>” means conduct which—</p></intro><level class="para2"><num>(i)</num><content><p>constitutes a criminal offence, or</p></content></level><level class="para2"><num>(ii)</num><content><p>is, or corresponds to, any conduct which, if it all took place in any one part of the United Kingdom, would constitute a criminal offence, and</p></content></level></level><level class="para1"><num>(b)</num><intro><p>crime is “serious” if—</p></intro><level class="para2"><num>(i)</num><content><p>the offence which is or would be constituted by the conduct is an offence for which the maximum sentence (in any part of the United Kingdom) is imprisonment for 3 years or more, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the conduct involves the use of violence, results in substantial financial gain or is conduct by a large number of persons in pursuit of a common purpose.</p></content></level></level></subsection></section></hcontainer></quotedStructure></mod></p></content></section>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-service-on-a-limited-partnership"><heading>Service on a limited partnership</heading><section eId="section-148"><num>148</num><heading>Service on a limited partnership</heading><content><p><mod>After section 36 of the Limited Partnerships Act 1907 (inserted by section 147 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Service of documents</heading><section eId="d28e23037"><num>37</num><heading>Service of documents on limited partnership</heading><content><p>A document may be served on a limited partnership by leaving it at, or sending it by post to, the limited partnership’s registered office.</p></content></section></hcontainer></quotedStructure></mod></p></content></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-148"><num>148</num><heading>Service on a limited partnership</heading><content><p><mod>After section 36 of the Limited Partnerships Act 1907 (inserted by section 147 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Service of documents</heading><section eId="d28e23037"><num>37</num><heading>Service of documents on limited partnership</heading><content><p>A document may be served on a limited partnership by leaving it at, or sending it by post to, the limited partnership’s registered office.</p></content></section></hcontainer></quotedStructure></mod></p></content></section>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-application-of-other-laws"><heading>Application of other laws</heading><section eId="section-149"><num>149</num><heading>Application of company law</heading><content><p><mod>After section 7 of the Limited Partnerships Act 1907 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e23060"><num>7A</num><heading>Application of company law</heading><subsection eId="d28e23064"><num>(1)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>make provision in relation to limited partnerships that corresponds or is similar to any provision relating to companies or other corporations made by or under, or capable of being made under, any Act;</p></content></level><level class="para1"><num>(b)</num><content><p>provide for any such provision which would otherwise have effect in relation to limited partnerships not to apply to them or to apply to them with such modifications as appear appropriate.</p></content></level></subsection><subsection><num>(2)</num><content><p>Regulations under subsection <ref href="#d28e23064">(1)</ref> may amend or repeal provision made by this Act, the Partnership Act 1890 or the Companies Act 2006.</p></content></subsection><subsection><num>(3)</num><content><p>The provision which may be made by regulations under subsection <ref href="#d28e23064">(1)</ref> by virtue of section <ref href="#d28e23163">38</ref><ref href="#section-152-1">(1)</ref> includes provision amending, repealing or revoking provision made by or under any Act, whenever passed or made.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations under subsection <ref href="#d28e23064">(1)</ref> are subject to the negative resolution procedure if they only make provision that corresponds or is similar to provision made or capable of being made by regulations subject to the negative resolution procedure.</p></content></subsection><subsection><num>(5)</num><content><p>Any other regulations under subsection <ref href="#d28e23064">(1)</ref> are subject to the affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-150"><num>150</num><heading>Application of Partnership Act 1890 (meaning of firm)</heading><content><p><mod>In section 4 of the Partnership Act 1890 (meaning of firm), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><content><p>In relation to a limited partnership registered under the Limited Partnerships Act 1907, subsection (2) applies only if the limited partnership was registered by the registrar for Scotland.</p></content></subsection></quotedStructure></mod></p></content></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-149"><num>149</num><heading>Application of company law</heading><content><p><mod>After section 7 of the Limited Partnerships Act 1907 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e23060"><num>7A</num><heading>Application of company law</heading><subsection eId="d28e23064"><num>(1)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>make provision in relation to limited partnerships that corresponds or is similar to any provision relating to companies or other corporations made by or under, or capable of being made under, any Act;</p></content></level><level class="para1"><num>(b)</num><content><p>provide for any such provision which would otherwise have effect in relation to limited partnerships not to apply to them or to apply to them with such modifications as appear appropriate.</p></content></level></subsection><subsection><num>(2)</num><content><p>Regulations under subsection <ref href="#d28e23064">(1)</ref> may amend or repeal provision made by this Act, the Partnership Act 1890 or the Companies Act 2006.</p></content></subsection><subsection><num>(3)</num><content><p>The provision which may be made by regulations under subsection <ref href="#d28e23064">(1)</ref> by virtue of section <ref href="#d28e23163">38</ref><ref href="#section-152-1">(1)</ref> includes provision amending, repealing or revoking provision made by or under any Act, whenever passed or made.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations under subsection <ref href="#d28e23064">(1)</ref> are subject to the negative resolution procedure if they only make provision that corresponds or is similar to provision made or capable of being made by regulations subject to the negative resolution procedure.</p></content></subsection><subsection><num>(5)</num><content><p>Any other regulations under subsection <ref href="#d28e23064">(1)</ref> are subject to the affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-150"><num>150</num><heading>Application of Partnership Act 1890 (meaning of firm)</heading><content><p><mod>In section 4 of the Partnership Act 1890 (meaning of firm), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><content><p>In relation to a limited partnership registered under the Limited Partnerships Act 1907, subsection (2) applies only if the limited partnership was registered by the registrar for Scotland.</p></content></subsection></quotedStructure></mod></p></content></section>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-regulations"><heading>Regulations</heading><section eId="section-151"><num>151</num><heading>Limited partnerships: regulations</heading><content><p><mod>After section <ref href="#d28e23037">37</ref> of the Limited Partnerships Act 1907 (inserted by section 148 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Regulations</heading><section eId="d28e23163"><num>38</num><heading>Regulations</heading><subsection eId="d28e23167"><num>(1)</num><intro><p>A power to make regulations under any provision of this Act includes power to make—</p></intro><level class="para1"><num>(a)</num><content><p>consequential, supplementary, incidental, transitional or saving provision;</p></content></level><level class="para1"><num>(b)</num><content><p>different provision for different purposes.</p></content></level></subsection><subsection><num>(2)</num><content><p>Regulations made by the Secretary of State under this Act are to be made by statutory instrument.</p></content></subsection><subsection><num>(3)</num><content><p>Where regulations under this Act are subject to “the affirmative resolution procedure”, the regulations may not be made unless a draft of the statutory instrument containing them has been laid before and approved by a resolution of each House of Parliament.</p></content></subsection><subsection><num>(4)</num><content><p>Where regulations under this Act are subject to “the negative resolution procedure”, the statutory instrument containing the regulations is subject to annulment in pursuance of a resolution of either House of Parliament.</p></content></subsection><subsection><num>(5)</num><content><p>Any provision that may be made by regulations under this Act subject to the negative resolution procedure may be made by regulations subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-151"><num>151</num><heading>Limited partnerships: regulations</heading><content><p><mod>After section <ref href="#d28e23037">37</ref> of the Limited Partnerships Act 1907 (inserted by section 148 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Regulations</heading><section eId="d28e23163"><num>38</num><heading>Regulations</heading><subsection eId="d28e23167"><num>(1)</num><intro><p>A power to make regulations under any provision of this Act includes power to make—</p></intro><level class="para1"><num>(a)</num><content><p>consequential, supplementary, incidental, transitional or saving provision;</p></content></level><level class="para1"><num>(b)</num><content><p>different provision for different purposes.</p></content></level></subsection><subsection><num>(2)</num><content><p>Regulations made by the Secretary of State under this Act are to be made by statutory instrument.</p></content></subsection><subsection><num>(3)</num><content><p>Where regulations under this Act are subject to “the affirmative resolution procedure”, the regulations may not be made unless a draft of the statutory instrument containing them has been laid before and approved by a resolution of each House of Parliament.</p></content></subsection><subsection><num>(4)</num><content><p>Where regulations under this Act are subject to “the negative resolution procedure”, the statutory instrument containing the regulations is subject to annulment in pursuance of a resolution of either House of Parliament.</p></content></subsection><subsection><num>(5)</num><content><p>Any provision that may be made by regulations under this Act subject to the negative resolution procedure may be made by regulations subject to the affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></section>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-2-chapter-1-crossheading-further-amendments"><heading>Further amendments</heading><section eId="section-152"><num>152</num><heading>Limited partnerships: further amendments</heading><subsection eId="section-152-1"><num>(1)</num><content><p>Section 17 of the Limited Partnerships Act 1907 is omitted.</p></content></subsection><subsection eId="section-152-2"><num>(2)</num><content><p>Schedule 5 contains consequential amendments relating to this Part.</p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-152"><num>152</num><heading>Limited partnerships: further amendments</heading><subsection eId="section-152-1"><num>(1)</num><content><p>Section 17 of the Limited Partnerships Act 1907 is omitted.</p></content></subsection><subsection eId="section-152-2"><num>(2)</num><content><p>Schedule 5 contains consequential amendments relating to this Part.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-152-1"><num>(1)</num><content><p>Section 17 of the Limited Partnerships Act 1907 is omitted.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-152-2"><num>(2)</num><content><p>Schedule 5 contains consequential amendments relating to this Part.</p></content></subsection>
<chapter xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="part-2-chapter-2"><num>CHAPTER 2</num><heading>Miscellaneous provision about partnerships</heading><section eId="section-153"><num>153</num><heading>Registration of qualifying Scottish partnerships</heading><subsection eId="section-153-1"><num>(1)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1" eId="section-153-1-a"><num>(a)</num><content><p>make provision requiring the delivery to the registrar of information in connection with a qualifying Scottish partnership;</p></content></level><level class="para1" eId="section-153-1-b"><num>(b)</num><content><p>make provision for the purpose of ensuring that a partner of a qualifying Scottish partnership has at least one managing officer who is an individual whose identity is verified (within the meaning of section 1110A of the Companies Act 2006);</p></content></level><level class="para1" eId="section-153-1-c"><num>(c)</num><content><p>make provision in relation to qualifying Scottish partnerships that corresponds or is similar to any provision relating to companies or limited partnerships made by or under, or capable of being made under, any Act.</p></content></level></subsection><subsection eId="section-153-2"><num>(2)</num><content><p>The regulations may create summary offences, punishable with a fine, in connection with any provision made by virtue of subsection <ref href="#section-153-1-a">(1)(a)</ref> or <ref href="#section-153-1-b">(b)</ref>.</p></content></subsection><subsection eId="section-153-3"><num>(3)</num><content><p>Do not read subsection <ref href="#section-153-2">(2)</ref> as impliedly limiting the provision that can be made by virtue of subsection <ref href="#section-153-1-c">(1)(c)</ref>.</p></content></subsection><subsection eId="section-153-4"><num>(4)</num><content><p>The provision that may be made by virtue of subsection <ref href="#section-153-1-c">(1)(c)</ref> includes provision for the purpose mentioned in subsection <ref href="#section-153-1-b">(1)(b)</ref>.</p></content></subsection><subsection eId="section-153-5"><num>(5)</num><content><p>The provision which may be made by regulations under subsection <ref href="#section-153-1">(1)</ref> by virtue of section 217(1)(a) includes provision amending, repealing or revoking provision made by or under any Act, whenever passed or made.</p></content></subsection><subsection eId="section-153-6"><num>(6)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-managing-officer" eId="term-managing-officer">managing officer</term>” has the meaning given by section 3(1) of the Limited Partnerships Act 1907;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-qualifying-scottish-partnership" eId="term-qualifying-scottish-partnership">qualifying Scottish partnership</term>” means a partnership, other than a limited partnership, that—</p></intro><level class="para1"><num>(a)</num><content><p>is constituted under the law of Scotland, and</p></content></level><level class="para1"><num>(b)</num><content><p>is a qualifying partnership with the meaning given by regulation 3 of the Partnership (Accounts) Regulations 2008;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” means registrar of companies for Scotland.</p></content></hcontainer></subsection></section><section eId="section-154"><num>154</num><heading>Power to amend disqualification legislation in relation to relevant entities: GB</heading><content><p><mod>After section 22H of the Company Directors Disqualification Act 1986 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>22I</num><heading>Power to amend application of Act in relation to relevant entities</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations amend this Act for the purpose of applying, or modifying the application of, any of its provisions in relation to relevant entities.</p></content></subsection><subsection><num>(2)</num><intro><p>For that purpose, the regulations may in particular—</p></intro><level class="para1"><num>(a)</num><content><p>extend the company disqualification conditions to include corresponding conditions relating to a relevant entity;</p></content></level><level class="para1"><num>(b)</num><content><p>limit the company disqualification conditions to remove conditions relating to a relevant entity;</p></content></level><level class="para1"><num>(c)</num><content><p>modify which company disqualification conditions can, in combination with each other, result in a person being disqualified under this Act;</p></content></level><level class="para1"><num>(d)</num><content><p>provide for any of the company disqualification conditions to result in or contribute to a person being disqualified from acting in a role or doing something in relation to a relevant entity.</p></content></level></subsection><subsection><num>(3)</num><content><p>In this section “<term refersTo="#term-the-company-disqualification-conditions">the company disqualification conditions</term>” means the conditions that can result in or contribute to a person being disqualified under this Act from acting in a role or doing something in relation to any entity.</p></content></subsection><subsection><num>(4)</num><intro><p>In this section a “<term refersTo="#term-relevant-entity">relevant entity</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a limited partnership registered under the Limited Partnerships Act 1907;</p></content></level><level class="para1"><num>(b)</num><content><p>a limited liability partnership registered under the Limited Liability Partnerships Act 2000;</p></content></level><level class="para1"><num>(c)</num><intro><p>a partnership, other than a limited partnership, that is—</p></intro><level class="para2"><num>(i)</num><content><p>constituted under the law of Scotland, and</p></content></level><level class="para2"><num>(ii)</num><content><p>a qualifying partnership within the meaning given by regulation 3 of the Partnerships (Accounts) Regulations 2008.</p></content></level></level></subsection><subsection><num>(5)</num><intro><p>Regulations under this section may make—</p></intro><level class="para1" eId="d28e23459"><num>(a)</num><content><p>consequential, supplementary, incidental, transitional or saving provision;</p></content></level><level class="para1"><num>(b)</num><content><p>different provision for different purposes.</p></content></level></subsection><subsection><num>(6)</num><intro><p>The provision which may be made by virtue of subsection <ref href="#d28e23459">(5)(a)</ref> includes provision amending provision made by or under either of the following, whenever passed or made—</p></intro><level class="para1"><num>(a)</num><content><p>an Act;</p></content></level><level class="para1"><num>(b)</num><content><p>Northern Ireland legislation.</p></content></level></subsection><subsection><num>(7)</num><content><p>Regulations under this section are to be made by statutory instrument.</p></content></subsection><subsection><num>(8)</num><content><p>A statutory instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</p></content></subsection></section></quotedStructure></mod></p></content></section><section eId="section-155"><num>155</num><heading>Power to amend disqualification legislation in relation to relevant entities: NI</heading><subsection eId="section-155-1"><num>(1)</num><content><p>The Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00016" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4)</ref>) is amended as follows.</p></content></subsection><subsection eId="section-155-2"><num>(2)</num><content><p><mod>In Article 2(2) (interpretation), for the definition of “regulations” substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“regulations”, except in Articles 13D and <ref href="#d28e23549">25D</ref>, means regulations made by the Department subject (except in Article 23(3)) to negative resolution;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-155-3"><num>(3)</num><content><p><mod>After Article 25C insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><article eId="d28e23549"><heading>Power to amend application of Order in relation to relevant entities</heading><num>25D</num><paragraph><num>(1)</num><content><p>The Secretary of State or the Department may by regulations amend this Order for the purpose of applying, or modifying the application of, any of its provisions in relation to relevant entities.</p></content></paragraph><paragraph><num>(2)</num><intro><p>For that purpose, the regulations may in particular—</p></intro><level class="para1"><num>(a)</num><content><p>extend the company disqualification conditions to include corresponding conditions relating to a relevant entity;</p></content></level><level class="para1"><num>(b)</num><content><p>limit the company disqualification conditions to remove conditions relating to a relevant entity;</p></content></level><level class="para1"><num>(c)</num><content><p>modify which company disqualification conditions can, in combination with each other, result in a person being disqualified under this Order;</p></content></level><level class="para1"><num>(d)</num><content><p>provide for any of the company disqualification conditions to result in or contribute to a person being disqualified from acting in a role or doing something in relation to a relevant entity.</p></content></level></paragraph><paragraph><num>(3)</num><content><p>The Secretary of State must obtain the consent of the Department before making regulations under this Article.</p></content></paragraph><paragraph><num>(4)</num><content><p>In this Article “<term refersTo="#term-the-company-disqualification-conditions">the company disqualification conditions</term>” means the conditions that can result in or contribute to a person being disqualified under this Order from acting in a role or doing something in relation to any entity.</p></content></paragraph><paragraph><num>(5)</num><intro><p>In this Article a “<term refersTo="#term-relevant-entity">relevant entity</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a limited partnership registered under the Limited Partnerships Act 1907;</p></content></level><level class="para1"><num>(b)</num><content><p>a limited liability partnership registered under the Limited Liability Partnerships Act 2000;</p></content></level><level class="para1"><num>(c)</num><intro><p>a partnership, other than a limited partnership, that is—</p></intro><level class="para2"><num>(i)</num><content><p>constituted under the law of Scotland, and</p></content></level><level class="para2"><num>(ii)</num><content><p>a qualifying partnership within the meaning given by regulation 3 of the Partnerships (Accounts) Regulations 2008.</p></content></level></level></paragraph><paragraph eId="d28e23643"><num>(6)</num><content><p>Regulations under this Article may make consequential, supplementary, incidental, transitional or saving provision.</p></content></paragraph><paragraph><num>(7)</num><intro><p>The provision which may be made by regulations made by the Secretary of State by virtue of paragraph <ref href="#d28e23643">(6)</ref> includes provision amending provision made by or under either of the following, whenever passed or made—</p></intro><level class="para1"><num>(a)</num><content><p>an Act;</p></content></level><level class="para1"><num>(b)</num><content><p>Northern Ireland legislation.</p></content></level></paragraph><paragraph><num>(8)</num><content><p>The provision which may be made by regulations made by the Department by virtue of paragraph (6) includes provision amending provision made by or under Northern Ireland legislation, whenever passed or made.</p></content></paragraph><paragraph><num>(9)</num><content><p>Regulations made by the Secretary of State under this Article are to be made by statutory instrument.</p></content></paragraph><paragraph><num>(10)</num><content><p>A statutory instrument containing regulations made by the Secretary of State under this Article may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</p></content></paragraph><paragraph><num>(11)</num><content><p>Regulations made by the Department under this Article are subject to negative resolution.</p></content></paragraph></article></quotedStructure></mod></p></content></subsection></section></chapter>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-153"><num>153</num><heading>Registration of qualifying Scottish partnerships</heading><subsection eId="section-153-1"><num>(1)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1" eId="section-153-1-a"><num>(a)</num><content><p>make provision requiring the delivery to the registrar of information in connection with a qualifying Scottish partnership;</p></content></level><level class="para1" eId="section-153-1-b"><num>(b)</num><content><p>make provision for the purpose of ensuring that a partner of a qualifying Scottish partnership has at least one managing officer who is an individual whose identity is verified (within the meaning of section 1110A of the Companies Act 2006);</p></content></level><level class="para1" eId="section-153-1-c"><num>(c)</num><content><p>make provision in relation to qualifying Scottish partnerships that corresponds or is similar to any provision relating to companies or limited partnerships made by or under, or capable of being made under, any Act.</p></content></level></subsection><subsection eId="section-153-2"><num>(2)</num><content><p>The regulations may create summary offences, punishable with a fine, in connection with any provision made by virtue of subsection <ref href="#section-153-1-a">(1)(a)</ref> or <ref href="#section-153-1-b">(b)</ref>.</p></content></subsection><subsection eId="section-153-3"><num>(3)</num><content><p>Do not read subsection <ref href="#section-153-2">(2)</ref> as impliedly limiting the provision that can be made by virtue of subsection <ref href="#section-153-1-c">(1)(c)</ref>.</p></content></subsection><subsection eId="section-153-4"><num>(4)</num><content><p>The provision that may be made by virtue of subsection <ref href="#section-153-1-c">(1)(c)</ref> includes provision for the purpose mentioned in subsection <ref href="#section-153-1-b">(1)(b)</ref>.</p></content></subsection><subsection eId="section-153-5"><num>(5)</num><content><p>The provision which may be made by regulations under subsection <ref href="#section-153-1">(1)</ref> by virtue of section 217(1)(a) includes provision amending, repealing or revoking provision made by or under any Act, whenever passed or made.</p></content></subsection><subsection eId="section-153-6"><num>(6)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-managing-officer" eId="term-managing-officer">managing officer</term>” has the meaning given by section 3(1) of the Limited Partnerships Act 1907;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-qualifying-scottish-partnership" eId="term-qualifying-scottish-partnership">qualifying Scottish partnership</term>” means a partnership, other than a limited partnership, that—</p></intro><level class="para1"><num>(a)</num><content><p>is constituted under the law of Scotland, and</p></content></level><level class="para1"><num>(b)</num><content><p>is a qualifying partnership with the meaning given by regulation 3 of the Partnership (Accounts) Regulations 2008;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” means registrar of companies for Scotland.</p></content></hcontainer></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-153-1"><num>(1)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1" eId="section-153-1-a"><num>(a)</num><content><p>make provision requiring the delivery to the registrar of information in connection with a qualifying Scottish partnership;</p></content></level><level class="para1" eId="section-153-1-b"><num>(b)</num><content><p>make provision for the purpose of ensuring that a partner of a qualifying Scottish partnership has at least one managing officer who is an individual whose identity is verified (within the meaning of section 1110A of the Companies Act 2006);</p></content></level><level class="para1" eId="section-153-1-c"><num>(c)</num><content><p>make provision in relation to qualifying Scottish partnerships that corresponds or is similar to any provision relating to companies or limited partnerships made by or under, or capable of being made under, any Act.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-153-1-a"><num>(a)</num><content><p>make provision requiring the delivery to the registrar of information in connection with a qualifying Scottish partnership;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-153-1-b"><num>(b)</num><content><p>make provision for the purpose of ensuring that a partner of a qualifying Scottish partnership has at least one managing officer who is an individual whose identity is verified (within the meaning of section 1110A of the Companies Act 2006);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-153-1-c"><num>(c)</num><content><p>make provision in relation to qualifying Scottish partnerships that corresponds or is similar to any provision relating to companies or limited partnerships made by or under, or capable of being made under, any Act.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-153-2"><num>(2)</num><content><p>The regulations may create summary offences, punishable with a fine, in connection with any provision made by virtue of subsection <ref href="#section-153-1-a">(1)(a)</ref> or <ref href="#section-153-1-b">(b)</ref>.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-153-3"><num>(3)</num><content><p>Do not read subsection <ref href="#section-153-2">(2)</ref> as impliedly limiting the provision that can be made by virtue of subsection <ref href="#section-153-1-c">(1)(c)</ref>.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-153-4"><num>(4)</num><content><p>The provision that may be made by virtue of subsection <ref href="#section-153-1-c">(1)(c)</ref> includes provision for the purpose mentioned in subsection <ref href="#section-153-1-b">(1)(b)</ref>.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-153-5"><num>(5)</num><content><p>The provision which may be made by regulations under subsection <ref href="#section-153-1">(1)</ref> by virtue of section 217(1)(a) includes provision amending, repealing or revoking provision made by or under any Act, whenever passed or made.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-153-6"><num>(6)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-managing-officer" eId="term-managing-officer">managing officer</term>” has the meaning given by section 3(1) of the Limited Partnerships Act 1907;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-qualifying-scottish-partnership" eId="term-qualifying-scottish-partnership">qualifying Scottish partnership</term>” means a partnership, other than a limited partnership, that—</p></intro><level class="para1"><num>(a)</num><content><p>is constituted under the law of Scotland, and</p></content></level><level class="para1"><num>(b)</num><content><p>is a qualifying partnership with the meaning given by regulation 3 of the Partnership (Accounts) Regulations 2008;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” means registrar of companies for Scotland.</p></content></hcontainer></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content><p>“PSC register”;</p></content></hcontainer>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-12-paragraph-4" class="schProv1"><num>4</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-4-a"><num>(a)</num><content><p>section 1 (theft);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-4-b"><num>(b)</num><content><p>section 17 (false accounting);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-4-c"><num>(c)</num><content><p>section 19 (false statements by company directors etc);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-4-d"><num>(d)</num><content><p>section 20 (suppression etc of documents);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-4-e"><num>(e)</num><content><p>section 24A (dishonestly retaining a wrongful credit).</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-12-paragraph-5" class="schProv1"><num>5</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-5-a"><num>(a)</num><content><p>section 1 (theft);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-5-b"><num>(b)</num><content><p>section 17 (false accounting);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-5-c"><num>(c)</num><content><p>section 18 (false statements by company directors etc);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-5-d"><num>(d)</num><content><p>section 19 (suppression etc of documents);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-5-e"><num>(e)</num><content><p>section 23A (dishonestly retaining a wrongful credit).</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-12-paragraph-6" class="schProv1"><num>6</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-6-a"><num>(a)</num><content><p>section 68 (offences in relation to exportation of prohibited or restricted goods);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-6-b"><num>(b)</num><content><p>section 167 (untrue declarations etc);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-6-c"><num>(c)</num><content><p>section 170 (fraudulent evasion of duty).</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-12-paragraph-7" class="schProv1"><num>7</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-12-paragraph-8" class="schProv1"><num>8</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-12-paragraph-9" class="schProv1"><num>9</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-12-paragraph-10" class="schProv1"><num>10</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-10-a"><num>(a)</num><content><p>section 23 (contravention of prohibition on carrying on regulated activity unless authorised or exempt);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-10-b"><num>(b)</num><content><p>section 25 (contravention of restrictions on financial promotion);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-10-c"><num>(c)</num><content><p>section 85 (prohibition on dealing etc in transferable securities without approved prospectus);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-10-d"><num>(d)</num><content><p>section 398 (misleading the FCA or PRA).</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-12-paragraph-11" class="schProv1"><num>11</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-11-a"><num>(a)</num><content><p>section 15 (fund-raising);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-11-b"><num>(b)</num><content><p>section 16 (use and possession);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-11-c"><num>(c)</num><content><p>section 17 (funding arrangements);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-11-d"><num>(d)</num><content><p>section 18 (money laundering);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-11-e"><num>(e)</num><content><p>section 63 (terrorist finance: jurisdiction).</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-12-paragraph-12" class="schProv1"><num>12</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-12-a"><num>(a)</num><content><p>section 327 (concealing etc criminal property);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-12-b"><num>(b)</num><content><p>section 328 (arrangements facilitating acquisition etc of criminal property);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-12-c"><num>(c)</num><content><p>section 329 (acquisition, use and possession of criminal property);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-12-d"><num>(d)</num><content><p>section 330 (failing to disclose knowledge or suspicion of money laundering);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-12-e"><num>(e)</num><content><p>section 333A (tipping off: regulated sector).</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-12-paragraph-13" class="schProv1"><num>13</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-12-paragraph-14" class="schProv1"><num>14</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-14-a"><num>(a)</num><content><p>section 1 (fraud);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-14-b"><num>(b)</num><content><p>section 6 (possession etc of articles for use in frauds);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-14-c"><num>(c)</num><content><p>section 7 (making or supplying articles for use in frauds);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-14-d"><num>(d)</num><content><p>section 9 (participating in fraudulent business carried on by sole trader);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-14-e"><num>(e)</num><content><p>section 11 (obtaining services dishonestly).</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-12-paragraph-15" class="schProv1"><num>15</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-15-a"><num>(a)</num><content><p>section 1 (bribing another person);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-15-b"><num>(b)</num><content><p>section 2 (being bribed);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-15-c"><num>(c)</num><content><p>section 6 (bribery of foreign public officials).</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-12-paragraph-16" class="schProv1"><num>16</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-12-paragraph-17" class="schProv1"><num>17</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-17-a"><num>(a)</num><content><p>section 89 (misleading statements);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-17-b"><num>(b)</num><content><p>section 90 (misleading impressions);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-17-c"><num>(c)</num><content><p>section 91 (misleading statements etc in relation to benchmarks).</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-12-paragraph-18" class="schProv1"><num>18</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-12-paragraph-19" class="schProv1"><num>19</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-12-paragraph-20" class="schProv1"><num>20</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-154"><num>154</num><heading>Power to amend disqualification legislation in relation to relevant entities: GB</heading><content><p><mod>After section 22H of the Company Directors Disqualification Act 1986 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>22I</num><heading>Power to amend application of Act in relation to relevant entities</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations amend this Act for the purpose of applying, or modifying the application of, any of its provisions in relation to relevant entities.</p></content></subsection><subsection><num>(2)</num><intro><p>For that purpose, the regulations may in particular—</p></intro><level class="para1"><num>(a)</num><content><p>extend the company disqualification conditions to include corresponding conditions relating to a relevant entity;</p></content></level><level class="para1"><num>(b)</num><content><p>limit the company disqualification conditions to remove conditions relating to a relevant entity;</p></content></level><level class="para1"><num>(c)</num><content><p>modify which company disqualification conditions can, in combination with each other, result in a person being disqualified under this Act;</p></content></level><level class="para1"><num>(d)</num><content><p>provide for any of the company disqualification conditions to result in or contribute to a person being disqualified from acting in a role or doing something in relation to a relevant entity.</p></content></level></subsection><subsection><num>(3)</num><content><p>In this section “<term refersTo="#term-the-company-disqualification-conditions">the company disqualification conditions</term>” means the conditions that can result in or contribute to a person being disqualified under this Act from acting in a role or doing something in relation to any entity.</p></content></subsection><subsection><num>(4)</num><intro><p>In this section a “<term refersTo="#term-relevant-entity">relevant entity</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a limited partnership registered under the Limited Partnerships Act 1907;</p></content></level><level class="para1"><num>(b)</num><content><p>a limited liability partnership registered under the Limited Liability Partnerships Act 2000;</p></content></level><level class="para1"><num>(c)</num><intro><p>a partnership, other than a limited partnership, that is—</p></intro><level class="para2"><num>(i)</num><content><p>constituted under the law of Scotland, and</p></content></level><level class="para2"><num>(ii)</num><content><p>a qualifying partnership within the meaning given by regulation 3 of the Partnerships (Accounts) Regulations 2008.</p></content></level></level></subsection><subsection><num>(5)</num><intro><p>Regulations under this section may make—</p></intro><level class="para1" eId="d28e23459"><num>(a)</num><content><p>consequential, supplementary, incidental, transitional or saving provision;</p></content></level><level class="para1"><num>(b)</num><content><p>different provision for different purposes.</p></content></level></subsection><subsection><num>(6)</num><intro><p>The provision which may be made by virtue of subsection <ref href="#d28e23459">(5)(a)</ref> includes provision amending provision made by or under either of the following, whenever passed or made—</p></intro><level class="para1"><num>(a)</num><content><p>an Act;</p></content></level><level class="para1"><num>(b)</num><content><p>Northern Ireland legislation.</p></content></level></subsection><subsection><num>(7)</num><content><p>Regulations under this section are to be made by statutory instrument.</p></content></subsection><subsection><num>(8)</num><content><p>A statutory instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</p></content></subsection></section></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-155"><num>155</num><heading>Power to amend disqualification legislation in relation to relevant entities: NI</heading><subsection eId="section-155-1"><num>(1)</num><content><p>The Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00016" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4)</ref>) is amended as follows.</p></content></subsection><subsection eId="section-155-2"><num>(2)</num><content><p><mod>In Article 2(2) (interpretation), for the definition of “regulations” substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“regulations”, except in Articles 13D and <ref href="#d28e23549">25D</ref>, means regulations made by the Department subject (except in Article 23(3)) to negative resolution;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-155-3"><num>(3)</num><content><p><mod>After Article 25C insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><article eId="d28e23549"><heading>Power to amend application of Order in relation to relevant entities</heading><num>25D</num><paragraph><num>(1)</num><content><p>The Secretary of State or the Department may by regulations amend this Order for the purpose of applying, or modifying the application of, any of its provisions in relation to relevant entities.</p></content></paragraph><paragraph><num>(2)</num><intro><p>For that purpose, the regulations may in particular—</p></intro><level class="para1"><num>(a)</num><content><p>extend the company disqualification conditions to include corresponding conditions relating to a relevant entity;</p></content></level><level class="para1"><num>(b)</num><content><p>limit the company disqualification conditions to remove conditions relating to a relevant entity;</p></content></level><level class="para1"><num>(c)</num><content><p>modify which company disqualification conditions can, in combination with each other, result in a person being disqualified under this Order;</p></content></level><level class="para1"><num>(d)</num><content><p>provide for any of the company disqualification conditions to result in or contribute to a person being disqualified from acting in a role or doing something in relation to a relevant entity.</p></content></level></paragraph><paragraph><num>(3)</num><content><p>The Secretary of State must obtain the consent of the Department before making regulations under this Article.</p></content></paragraph><paragraph><num>(4)</num><content><p>In this Article “<term refersTo="#term-the-company-disqualification-conditions">the company disqualification conditions</term>” means the conditions that can result in or contribute to a person being disqualified under this Order from acting in a role or doing something in relation to any entity.</p></content></paragraph><paragraph><num>(5)</num><intro><p>In this Article a “<term refersTo="#term-relevant-entity">relevant entity</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a limited partnership registered under the Limited Partnerships Act 1907;</p></content></level><level class="para1"><num>(b)</num><content><p>a limited liability partnership registered under the Limited Liability Partnerships Act 2000;</p></content></level><level class="para1"><num>(c)</num><intro><p>a partnership, other than a limited partnership, that is—</p></intro><level class="para2"><num>(i)</num><content><p>constituted under the law of Scotland, and</p></content></level><level class="para2"><num>(ii)</num><content><p>a qualifying partnership within the meaning given by regulation 3 of the Partnerships (Accounts) Regulations 2008.</p></content></level></level></paragraph><paragraph eId="d28e23643"><num>(6)</num><content><p>Regulations under this Article may make consequential, supplementary, incidental, transitional or saving provision.</p></content></paragraph><paragraph><num>(7)</num><intro><p>The provision which may be made by regulations made by the Secretary of State by virtue of paragraph <ref href="#d28e23643">(6)</ref> includes provision amending provision made by or under either of the following, whenever passed or made—</p></intro><level class="para1"><num>(a)</num><content><p>an Act;</p></content></level><level class="para1"><num>(b)</num><content><p>Northern Ireland legislation.</p></content></level></paragraph><paragraph><num>(8)</num><content><p>The provision which may be made by regulations made by the Department by virtue of paragraph (6) includes provision amending provision made by or under Northern Ireland legislation, whenever passed or made.</p></content></paragraph><paragraph><num>(9)</num><content><p>Regulations made by the Secretary of State under this Article are to be made by statutory instrument.</p></content></paragraph><paragraph><num>(10)</num><content><p>A statutory instrument containing regulations made by the Secretary of State under this Article may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</p></content></paragraph><paragraph><num>(11)</num><content><p>Regulations made by the Department under this Article are subject to negative resolution.</p></content></paragraph></article></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-155-1"><num>(1)</num><content><p>The Company Directors Disqualification (Northern Ireland) Order 2002 (<ref eId="c00016" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4)</ref>) is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-155-2"><num>(2)</num><content><p><mod>In Article 2(2) (interpretation), for the definition of “regulations” substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“regulations”, except in Articles 13D and <ref href="#d28e23549">25D</ref>, means regulations made by the Department subject (except in Article 23(3)) to negative resolution;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-155-3"><num>(3)</num><content><p><mod>After Article 25C insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="order" ukl:Context="main" ukl:Format="double"><article eId="d28e23549"><heading>Power to amend application of Order in relation to relevant entities</heading><num>25D</num><paragraph><num>(1)</num><content><p>The Secretary of State or the Department may by regulations amend this Order for the purpose of applying, or modifying the application of, any of its provisions in relation to relevant entities.</p></content></paragraph><paragraph><num>(2)</num><intro><p>For that purpose, the regulations may in particular—</p></intro><level class="para1"><num>(a)</num><content><p>extend the company disqualification conditions to include corresponding conditions relating to a relevant entity;</p></content></level><level class="para1"><num>(b)</num><content><p>limit the company disqualification conditions to remove conditions relating to a relevant entity;</p></content></level><level class="para1"><num>(c)</num><content><p>modify which company disqualification conditions can, in combination with each other, result in a person being disqualified under this Order;</p></content></level><level class="para1"><num>(d)</num><content><p>provide for any of the company disqualification conditions to result in or contribute to a person being disqualified from acting in a role or doing something in relation to a relevant entity.</p></content></level></paragraph><paragraph><num>(3)</num><content><p>The Secretary of State must obtain the consent of the Department before making regulations under this Article.</p></content></paragraph><paragraph><num>(4)</num><content><p>In this Article “<term refersTo="#term-the-company-disqualification-conditions">the company disqualification conditions</term>” means the conditions that can result in or contribute to a person being disqualified under this Order from acting in a role or doing something in relation to any entity.</p></content></paragraph><paragraph><num>(5)</num><intro><p>In this Article a “<term refersTo="#term-relevant-entity">relevant entity</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a limited partnership registered under the Limited Partnerships Act 1907;</p></content></level><level class="para1"><num>(b)</num><content><p>a limited liability partnership registered under the Limited Liability Partnerships Act 2000;</p></content></level><level class="para1"><num>(c)</num><intro><p>a partnership, other than a limited partnership, that is—</p></intro><level class="para2"><num>(i)</num><content><p>constituted under the law of Scotland, and</p></content></level><level class="para2"><num>(ii)</num><content><p>a qualifying partnership within the meaning given by regulation 3 of the Partnerships (Accounts) Regulations 2008.</p></content></level></level></paragraph><paragraph eId="d28e23643"><num>(6)</num><content><p>Regulations under this Article may make consequential, supplementary, incidental, transitional or saving provision.</p></content></paragraph><paragraph><num>(7)</num><intro><p>The provision which may be made by regulations made by the Secretary of State by virtue of paragraph <ref href="#d28e23643">(6)</ref> includes provision amending provision made by or under either of the following, whenever passed or made—</p></intro><level class="para1"><num>(a)</num><content><p>an Act;</p></content></level><level class="para1"><num>(b)</num><content><p>Northern Ireland legislation.</p></content></level></paragraph><paragraph><num>(8)</num><content><p>The provision which may be made by regulations made by the Department by virtue of paragraph (6) includes provision amending provision made by or under Northern Ireland legislation, whenever passed or made.</p></content></paragraph><paragraph><num>(9)</num><content><p>Regulations made by the Secretary of State under this Article are to be made by statutory instrument.</p></content></paragraph><paragraph><num>(10)</num><content><p>A statutory instrument containing regulations made by the Secretary of State under this Article may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</p></content></paragraph><paragraph><num>(11)</num><content><p>Regulations made by the Department under this Article are subject to negative resolution.</p></content></paragraph></article></quotedStructure></mod></p></content></subsection>
<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="part-3"><num>PART 3</num><heading>Register of overseas entities</heading><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-3-crossheading-the-register-and-registration"><heading>The register and registration</heading><section eId="section-156"><num>156</num><heading>Register of overseas entities</heading><intro><p>In section 3 of the Economic Crime (Transparency and Enforcement) Act 2022, in subsection (2)—</p></intro><level class="para1" eId="section-156-a"><num>(a)</num><content><p>in paragraph (b), omit “, or otherwise in connection with the register”;</p></content></level><level class="para1" eId="section-156-b"><num>(b)</num><content><p><mod>after paragraph (b) (but before the “and” at the end) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>documents delivered to the registrar under or by virtue of Part 35 of the Companies Act 2006 in connection with the register or the delivery of other documents that, on registration, will form part of the register,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></section><section eId="section-157"><num>157</num><heading>Required information about overseas entities: address information</heading><content><p>In the following provisions of Schedule 1 to the Economic Crime (Transparency and Enforcement) Act 2022 (which refer to an entity’s registered or principal office) omit “registered or”—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>paragraph 2(1)(c);</p></item><item><p>paragraph 5(1)(b);</p></item><item><p>paragraph 6(1)(d);</p></item><item><p>paragraph 7(1)(b).</p></item></blockList></content></section><section eId="section-158"><num>158</num><heading>Registration of information about land</heading><intro><p>In Schedule 1 to the Economic Crime (Transparency and Enforcement) Act 2022 (required information), in paragraph 2—</p></intro><level class="para1" eId="section-158-a"><num>(a)</num><content><p><mod>in sub-paragraph (1), after paragraph (g) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1" eId="d28e23779"><num>(h)</num><content><p>if the entity is the registered proprietor of one or more qualifying estates in land in England and Wales, the title number of each of them;</p></content></level><level class="para1" eId="d28e23785"><num>(i)</num><content><p>if the entity is the registered owner of one or more qualifying estates in Northern Ireland, the folio number in respect of each of them;</p></content></level><level class="para1" eId="d28e23791"><num>(j)</num><intro><p>if the entity is—</p></intro><level class="para2"><num>(i)</num><content><p>entered as proprietor in the proprietorship section of the title sheet for one or more plots of land that are registered in the Land Register of Scotland, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the tenant under one or more leases registered in the Land Register of Scotland,</p></content></level><wrapUp><p>the title number of the title sheet, in respect of each of them, in which the entity’s interest is registered.</p></wrapUp></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-158-b"><num>(b)</num><content><p><mod>after sub-paragraph (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(3)</num><intro><p>In sub-paragraph (1)<ref href="#d28e23779">(h)</ref>—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-proprietor">registered proprietor</term>”, in relation to a qualifying estate, means the person entered as proprietor of the estate in the register of title kept by the Chief Land Registrar;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-qualifying-estate">qualifying estate</term>” has the meaning given by paragraph 1 of Schedule 4A to the Land Registration Act 2002.</p></content></hcontainer></subparagraph><subparagraph><num>(4)</num><intro><p>In sub-paragraph (1)<ref href="#d28e23785">(i)</ref>—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-owner">registered owner</term>”, in relation to a qualifying estate, means the person registered in the register kept under the <ref eId="c00017" href="http://www.legislation.gov.uk/id/apni/1970/18">Land Registration Act (Northern Ireland) 1970 (c. 18 (N.I.))</ref> as the owner of the estate;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-qualifying-estate">qualifying estate</term>” has the meaning given by paragraph 1 of Schedule 8A to the Land Registration Act (Northern Ireland) 1970.</p></content></hcontainer></subparagraph><subparagraph><num>(5)</num><intro><p>In sub-paragraph (1)<ref href="#d28e23791">(j)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>“<term refersTo="#term-lease">lease</term>”, “<term refersTo="#term-plot-of-land">plot of land</term>” and “<term refersTo="#term-proprietor">proprietor</term>” have the meanings given by section 113(1) of the Land Registration etc. (Scotland) Act 2012;</p></content></level><level class="para1"><num>(b)</num><content><p>the reference to an entity’s being entered as proprietor in the proprietorship section of a title sheet is a reference to the name of the entity being so entered.</p></content></level></subparagraph></quotedStructure></mod></p></content></level></section><section eId="section-159"><num>159</num><heading>Registration of information about trusts</heading><subsection eId="section-159-1"><num>(1)</num><content><p>Paragraph 8 of Schedule 1 to the Economic Crime (Transparency and Enforcement) Act 2022 (required information) is amended as follows.</p></content></subsection><subsection eId="section-159-2"><num>(2)</num><content><p><mod>In sub-paragraph (1), for paragraphs (d) to (f) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>the specified details of each beneficiary under the trust;</p></content></level><level class="para1"><num>(e)</num><intro><p>the specified details of each settlor or grantor and, in relation to any settlor or grantor that is a legal entity, the specified details of any person who at the time at which the trust is settled—</p></intro><level class="para2"><num>(i)</num><content><p>is a registrable beneficial owner in relation to that entity (if it is overseas entity), or</p></content></level><level class="para2"><num>(ii)</num><content><p>would be a registrable beneficial owner in relation to the entity if that entity were an overseas entity;</p></content></level></level><level class="para1"><num>(f)</num><content><p>the specified details of any interested person under the trust and the date on which they became an interested person.</p></content></level></quotedStructure></mod></p></content></subsection><subsection eId="section-159-3"><num>(3)</num><content><p><mod>After sub-paragraph (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(1A)</num><intro><p>In sub-paragraph (1)(d) to (f) “the specified details”—</p></intro><level class="para1"><num>(a)</num><intro><p>in relation to a person who is an individual, means—</p></intro><level class="para2"><num>(i)</num><content><p>name, date of birth and nationality;</p></content></level><level class="para2"><num>(ii)</num><content><p>usual residential address;</p></content></level><level class="para2"><num>(iii)</num><content><p>a service address;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>in relation to a person that is a legal entity, means—</p></intro><level class="para2"><num>(i)</num><content><p>name;</p></content></level><level class="para2"><num>(ii)</num><content><p>principal office;</p></content></level><level class="para2"><num>(iii)</num><content><p>a service address;</p></content></level><level class="para2"><num>(iv)</num><content><p>the legal form of the entity and the law by which it is governed;</p></content></level><level class="para2"><num>(v)</num><content><p>any public register in which it is entered and, if applicable, its registration number in that register.</p></content></level></level></subparagraph></quotedStructure></mod></p></content></subsection><subsection eId="section-159-4"><num>(4)</num><content><p><mod>In sub-paragraph (2), for “sub-paragraph (1)(c)” substitute <quotedText>“sub-paragraphs (1)(c) and (1A)(a)”</quotedText>.</mod></p></content></subsection></section><section eId="section-160"><num>160</num><heading>Registration of information about managing officers: age limits</heading><subsection eId="section-160-1"><num>(1)</num><content><p>Schedule 1 to the Economic Crime (Transparency and Enforcement) Act 2022 (applications: required information) is amended as follows.</p></content></subsection><subsection eId="section-160-2"><num>(2)</num><content><p><mod>In paragraph 6(1), after paragraph (f) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(g)</num><content><p>if the officer is under the age of 16 years old, the name and contact details of an individual who is at least 16 years old and is willing to be contacted about the officer.</p></content></level></quotedStructure></mod></p></content></subsection><subsection eId="section-160-3"><num>(3)</num><content><p><mod>In paragraph 7(1), for paragraph (g) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(g)</num><content><p>the name and contact details of an individual who is at least 16 years old and is willing to be contacted about the officer.</p></content></level></quotedStructure></mod></p></content></subsection></section><section eId="section-161"><num>161</num><heading>Registrable beneficial owners: cases involving trusts</heading><subsection eId="section-161-1"><num>(1)</num><content><p>Schedule 2 to the Economic Crime (Transparency and Enforcement) Act 2022 (registrable beneficial owners) is amended in accordance with subsections <ref href="#section-161-2">(2)</ref> to <ref href="#section-161-5">(5)</ref>.</p></content></subsection><subsection eId="section-161-2"><num>(2)</num><content><p><mod>In paragraph 3 (legal entities), in paragraph (b), after “(see Part 3)” insert <quotedText>“or is a beneficial owner of the overseas entity by virtue of being a trustee”</quotedText>.</mod></p></content></subsection><subsection eId="section-161-3"><num>(3)</num><content><p><mod>In paragraph 8 (beneficial owners exempt from registration), after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>the person is not a beneficial owner of the overseas entity by virtue of being a trustee,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-161-4"><num>(4)</num><content><p><mod>For the heading of Part 6 substitute <quotedText>“Powers to amend this Schedule”</quotedText>.</mod></p></content></subsection><subsection eId="section-161-5"><num>(5)</num><content><p><mod>Before paragraph 25 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="crossheading" class="schGroup7"><heading>Expansion of meaning of “registrable beneficial owner” where trusts in view</heading><paragraph class="schProv1"><num>24A</num><subparagraph><num>(1)</num><content><p>The Secretary of State may by regulations amend this Schedule so as to expand the description of persons who are registrable beneficial owners of an overseas entity in circumstances where the overseas entity is part of a chain of entities that includes a trustee.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>For these purposes an overseas entity is part of a chain of entities that includes a trustee if there is a legal entity which is a beneficial owner of it by virtue of being a trustee.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>Regulations under this paragraph are subject to the affirmative resolution procedure.</p></content></subparagraph></paragraph></hcontainer><heading ukl:Context="P1group">Power to amend thresholds etc</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-161-6"><num>(6)</num><content><p>Regulation 14 of the Register of Overseas Entities (Delivery, Protection and Trust Services) Regulations 2022 (<ref eId="c00018" href="http://www.legislation.gov.uk/id/uksi/2022/870">S.I. 2022/870</ref>) (description of legal entity subject to its own disclosure requirements) is revoked.</p></content></subsection></section><section eId="section-162"><num>162</num><heading>Registrable beneficial owners: nominees</heading><subsection eId="section-162-1"><num>(1)</num><content><p>The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows.</p></content></subsection><subsection eId="section-162-2"><num>(2)</num><intro><p>In Schedule 1 (required information)—</p></intro><level class="para1" eId="section-162-2-a"><num>(a)</num><content><p><mod>in paragraph 3(1), for paragraphs (e) and (f) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>whether the individual is a registrable beneficial owner by virtue of paragraph 2(1) of Schedule 2 or paragraph 2(2) of that Schedule;</p></content></level><level class="para1"><num>(f)</num><intro><p>if the individual is a registrable beneficial owner by virtue of paragraph 2(1) of Schedule 2—</p></intro><level class="para2"><num>(i)</num><content><p>a statement as to which of the conditions in paragraph 6 of that Schedule is met and why, and</p></content></level><level class="para2"><num>(ii)</num><content><p>a statement as to whether that condition is met by virtue of the individual being a trustee;</p></content></level></level><level class="para1"><num>(fa)</num><content><p>if the individual is a registrable beneficial owner by virtue of paragraph 2(2) of Schedule 2, a statement as to which of the conditions in paragraph 6A of that Schedule is met and why;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-162-2-b"><num>(b)</num><content><p><mod>in paragraph 4, for sub-paragraph (f) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(f)</num><content><p>whether the government or public authority is a registrable beneficial owner by virtue of paragraph 4(1) of Schedule 2 or paragraph 4(2) of that Schedule;</p></content></level><level class="para1"><num>(fa)</num><content><p>if the government or public authority is a registrable beneficial owner by virtue of paragraph 4(1) of Schedule 2, a statement as to which of the conditions in paragraph 6 of that Schedule is met and why;</p></content></level><level class="para1"><num>(fb)</num><content><p>if the government or public authority is a registrable beneficial owner by virtue of paragraph 4(2) of Schedule 2, a statement as to which of the conditions in paragraph 6A of that Schedule is met and why;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-162-2-c"><num>(c)</num><content><p><mod>in paragraph 5(1), for paragraphs (g) and (h) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(g)</num><content><p>whether the entity is a registrable beneficial owner by virtue of paragraph 3(1) of Schedule 2 or paragraph 3(2) of that Schedule;</p></content></level><level class="para1"><num>(h)</num><intro><p>if the entity is a registrable beneficial owner by virtue of paragraph 3(1) of Schedule 2—</p></intro><level class="para2"><num>(i)</num><content><p>a statement as to which of the conditions in paragraph 6 of that Schedule is met and why, and</p></content></level><level class="para2"><num>(ii)</num><content><p>a statement as to whether that condition is met by virtue of the entity being a trustee;</p></content></level></level><level class="para1"><num>(ha)</num><content><p>if the entity is a registrable beneficial owner by virtue of paragraph 3(2) of Schedule 2, a statement as to which of the conditions in paragraph 6A of that Schedule is met and why;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subsection><subsection eId="section-162-3"><num>(3)</num><intro><p>In Schedule 2 (registrable beneficial owners)—</p></intro><level class="para1" eId="section-162-3-a"><num>(a)</num><intro><p>in paragraph 2—</p></intro><level class="para2" eId="section-162-3-a-i"><num>(i)</num><content><p>the existing text becomes sub-paragraph (1);</p></content></level><level class="para2" eId="section-162-3-a-ii"><num>(ii)</num><content><p><mod>in paragraph (a) of that sub-paragraph, for “(see Part 2)” substitute <quotedText>“by virtue of paragraph 6”</quotedText>;</mod></p></content></level><level class="para2" eId="section-162-3-a-iii"><num>(iii)</num><content><p><mod>after that sub-paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2)</num><content><p>An individual is also a “<term refersTo="#term-registrable-beneficial-owner">registrable beneficial owner</term>” in relation to an overseas entity if the individual is treated as a beneficial owner of the overseas entity by virtue of paragraph 6A.</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="section-162-3-b"><num>(b)</num><intro><p>in paragraph 3—</p></intro><level class="para2" eId="section-162-3-b-i"><num>(i)</num><content><p>the existing text becomes sub-paragraph (1);</p></content></level><level class="para2" eId="section-162-3-b-ii"><num>(ii)</num><content><p><mod>in paragraph (a) of that sub-paragraph, for “(see Part 2)” substitute <quotedText>“by virtue of paragraph 6”</quotedText>;</mod></p></content></level><level class="para2" eId="section-162-3-b-iii"><num>(iii)</num><content><p><mod>after that sub-paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2)</num><content><p>A legal entity other than a government or public authority is also a “<term refersTo="#term-registrable-beneficial-owner">registrable beneficial owner</term>” in relation to an overseas entity if it is treated as a beneficial owner of the overseas entity by virtue of paragraph 6A.</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="section-162-3-c"><num>(c)</num><intro><p>in paragraph 4—</p></intro><level class="para2" eId="section-162-3-c-i"><num>(i)</num><content><p>the existing text becomes sub-paragraph (1);</p></content></level><level class="para2" eId="section-162-3-c-ii"><num>(ii)</num><content><p><mod>in that sub-paragraph, for “(see Part 2)” substitute <quotedText>“by virtue of paragraph 6”</quotedText>;</mod></p></content></level><level class="para2" eId="section-162-3-c-iii"><num>(iii)</num><content><p><mod>after that sub-paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2)</num><content><p>A government or public authority is also a “<term refersTo="#term-registrable-beneficial-owner">registrable beneficial owner</term>” in relation to an overseas entity if it is treated as a beneficial owner of the overseas entity by virtue of paragraph 6A.</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="section-162-3-d"><num>(d)</num><content><p><mod>after paragraph 6 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="crossheading" class="schGroup7"><heading>Persons treated as beneficial owners where entity holds land as nominee</heading><paragraph class="schProv1"><num>6A</num><content><p>A person (“<term refersTo="#term-x">X</term>”) is to be treated as a beneficial owner of an overseas entity (“<term refersTo="#term-y">Y</term>”) if one or more of the following conditions are met.</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p><i>Y holds land in England or Wales as nominee for X</i></p><p>Condition 1 is that Y—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>is registered in the register of title kept under the Land Registration Act 2002 as the proprietor of a qualifying estate within the meaning of Schedule 4A to that Act,</p></item><item><num>(b)</num><p>became so registered in pursuance of an application made on or after 1 January 1999, and</p></item><item><num>(c)</num><p>holds the qualifying estate as nominee for—</p><blockList class="ordered roman parens" ukl:Name="OrderedList" ukl:Type="roman" ukl:Decoration="parens"><item><num>(i)</num><p>X, or</p></item><item><num>(ii)</num><p>an entity of which X is a beneficial owner by virtue of paragraph 6.</p></item></blockList></item></blockList></item><item><p><i>Y holds land in Scotland as nominee for X</i></p><p>Condition 2 is that—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>Y—</p><blockList class="ordered roman parens" ukl:Name="OrderedList" ukl:Type="roman" ukl:Decoration="parens"><item><num>(i)</num><p>holds an interest in land by virtue of being entered, on or after 8 December 2014, as proprietor in the proprietorship section of the title sheet for a plot of land that is registered in the Land Register of Scotland,</p></item><item><num>(ii)</num><p>is, in relation to a lease that was recorded in the General Register of Sasines or registered in the Land Register of Scotland before that date, by virtue of an assignation of the lease registered in the Land Register of Scotland on or after that date, the tenant under the lease, or</p></item><item><num>(iii)</num><p>is the tenant under a lease that was registered in the Land Register of Scotland on or after that date, and</p></item></blockList></item><item><num>(b)</num><p>Y holds the interest in land referred to in paragraph (a)(i), (ii) or (iii) as nominee for—</p><blockList class="ordered roman parens" ukl:Name="OrderedList" ukl:Type="roman" ukl:Decoration="parens"><item><num>(i)</num><p>X, or</p></item><item><num>(ii)</num><p>an entity of which X is a beneficial owner by virtue of paragraph 6.</p></item></blockList></item></blockList></item><item><p><i>Y holds land in Northern Ireland as nominee for X</i></p><p>Condition 3 is that Y—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>is registered in the register kept under the <ref eId="c00019" href="http://www.legislation.gov.uk/id/apni/1970/18">and Registration Act (Northern Ireland) 1970 (c. 18 (N.I.))</ref> as the owner of a qualifying estate within the meaning of Schedule 8A to that Act,</p></item><item><num>(b)</num><p>became so registered on or after the day on which that Schedule came into force, and</p></item><item><num>(c)</num><p>holds the qualifying estate as nominee for—</p><blockList class="ordered roman parens" ukl:Name="OrderedList" ukl:Type="roman" ukl:Decoration="parens"><item><num>(i)</num><p>X, or</p></item><item><num>(ii)</num><p>an entity of which X is a beneficial owner by virtue of paragraph 6.</p></item></blockList></item></blockList></item></blockList></content></paragraph></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-162-3-e"><num>(e)</num><content><p><mod>in paragraph 8, for “paragraphs 2(b) and 3(c)” substitute <quotedText>“paragraphs 2(1)(b) and 3(1)(c)”</quotedText>.</mod></p></content></level></subsection></section><section eId="section-163"><num>163</num><heading>Information about changes in beneficiaries under trusts</heading><subsection eId="section-163-1"><num>(1)</num><content><p>Schedule 6 (duty to deliver information about changes in beneficiaries) imposes further duties on registered overseas entities to deliver information.</p></content></subsection><subsection eId="section-163-2"><num>(2)</num><content><p>The amendments made by paragraph <ref href="#schedule-6-paragraph-2">2</ref> of Schedule 6 do not apply in relation to any statements or information delivered to the registrar under section 7 of the Economic Crime (Transparency and Enforcement) Act 2022 during the period of 3 months beginning when that paragraph comes fully into force.</p></content></subsection></section><section eId="section-164"><num>164</num><heading>Applications for removal</heading><subsection eId="section-164-1"><num>(1)</num><content><p>Section 10 of the Economic Crime (Transparency and Enforcement) Act 2022 (processing of application for removal) is amended as follows.</p></content></subsection><subsection eId="section-164-2"><num>(2)</num><content><p><mod>In subsection (2), after “land” insert <quotedText>“and there are no updates pending”</quotedText>.</mod></p></content></subsection><subsection eId="section-164-3"><num>(3)</num><content><p><mod>In subsection (3), after “land” insert <quotedText>“or there is an update pending”</quotedText>.</mod></p></content></subsection><subsection eId="section-164-4"><num>(4)</num><content><p><mod>After subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><intro><p>For the purposes of subsections (2) and (3) an update is pending if—</p></intro><level class="para1"><num>(a)</num><content><p>an update period for the entity has ended and the entity has not yet complied with the duty under section 7 in respect of that period, or</p></content></level><level class="para1"><num>(b)</num><content><p>the entity is required to deliver information under Schedule 6 but has not yet done so.</p></content></level></subsection></quotedStructure></mod></p></content></subsection></section><section eId="section-165"><num>165</num><heading>Verification of registrable beneficial owners and managing officers</heading><subsection eId="section-165-1"><num>(1)</num><content><p>Section 16 of the Economic Crime (Transparency and Enforcement) Act 2022 (verification of registrable beneficial owners and managing officers) is amended as follows.</p></content></subsection><subsection eId="section-165-2"><num>(2)</num><intro><p>In subsection (2)—</p></intro><level class="para1" eId="section-165-2-a"><num>(a)</num><content><p><mod>after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>about how the information is to be verified (including provision about the kinds or sources of evidence to be used);</p></content></level><level class="para1"><num>(ab)</num><content><p>about the standard to which verification is to be carried out;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-165-2-b"><num>(b)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>about the records that must be kept in connection with verification;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-165-2-c"><num>(c)</num><content><p><mod>after paragraph (d) (inserted by section 166 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>about the information that must be provided to the registrar to enable the registrar to monitor compliance with any requirements imposed by the regulations.</p></content></level></quotedStructure></mod></p></content></level></subsection><subsection eId="section-165-3"><num>(3)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>Regulations under this section may create offences in relation to failures to comply with requirements imposed by virtue of subsection (2)(ba) or (e).</p></content></subsection><subsection><num>(2B)</num><intro><p>The regulations must provide for any such offence to be punishable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, by a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, by a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, by a fine not exceeding level 5 on the standard scale.</p></content></level></subsection></quotedStructure></mod></p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-3-crossheading-inspection-of-the-register-and-protection-of-information"><heading>Inspection of the register and protection of information</heading><section eId="section-166"><num>166</num><heading>Material unavailable for public inspection: verification information</heading><content><p><mod>In section 16 of the Economic Crime (Transparency and Enforcement) Act 2022 (verification of registrable beneficial owners and managing officers), in subsection (2), after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>requiring the registrar not to make available for public inspection certain information delivered to the registrar by virtue of the regulations;</p></content></level></quotedStructure></mod></p></content></section><section eId="section-167"><num>167</num><heading>Material unavailable for public inspection</heading><content><p><mod>For sections 22 to 24 of the Economic Crime (Transparency and Enforcement) Act 2022 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e24778"><num>22</num><heading>Material unavailable for inspection</heading><subsection eId="d28e24782"><num>(1)</num><intro><p>The following material must not, so far as it forms part of the register, be made available by the registrar for public inspection—</p></intro><level class="para1"><num>(a)</num><intro><p>so much of any application or other document delivered to the registrar under section 4, 7 or 9 or Schedule 6 as is required to contain—</p></intro><level class="para2"><num>(i)</num><content><p>protected date of birth information;</p></content></level><level class="para2"><num>(ii)</num><content><p>protected residential address information;</p></content></level><level class="para2"><num>(iii)</num><content><p>protected trusts information;</p></content></level><level class="para2"><num>(iv)</num><content><p>the name or contact details of an individual provided for the purposes of section 4(1)(d), 7(1)(e) or 9(1)(f), paragraph 6(1)(g) or 7(1)(g) of Schedule 1 or paragraph 2(1)(d) of Schedule 6;</p></content></level><level class="para2"><num>(v)</num><content><p>an overseas entity’s email address (see paragraph 2(1)(e) of Schedule 1);</p></content></level><level class="para2"><num>(vi)</num><content><p>any title numbers or folio numbers in respect of land (see paragraph 2(1)(h), (i) and (j) of Schedule 1);</p></content></level></level><level class="para1"><num>(b)</num><content><p>any information that regulations under section 16 provide is not to be made available for public inspection;</p></content></level><level class="para1"><num>(c)</num><content><p>any application or other document delivered to the registrar under regulations under section 23<ref href="#d28e25006">(2)</ref> (disclosure of protected trusts information);</p></content></level><level class="para1"><num>(d)</num><intro><p>the following—</p></intro><level class="para2"><num>(i)</num><content><p>any application or other document delivered to the registrar under regulations under section 25 (regulations protecting material), other than information provided by virtue of section 25(4);</p></content></level><level class="para2"><num>(ii)</num><content><p>any information which regulations under section 25 require not to be made available for public inspection;</p></content></level></level><level class="para1"><num>(e)</num><content><p>any application or other document delivered to the registrar under section 28 (administrative removal of material from the register);</p></content></level><level class="para1"><num>(f)</num><content><p>any court order under section 30 (rectification of the register under court order) that the court has directed under section 31 is not to be made available for public inspection;</p></content></level><level class="para1"><num>(g)</num><content><p>any statement or other document delivered to the registrar by virtue of section 1067A of the Companies Act 2006 (delivery of documents: identity verification requirements etc);</p></content></level><level class="para1"><num>(h)</num><content><p>any statement made in accordance with regulations made by virtue of section 1082(2)(c) of the Companies Act 2006 (statement of unique identifier);</p></content></level><level class="para1"><num>(i)</num><content><p>any document provided to the registrar under section 1092A of the Companies Act 2006 (power to require further information);</p></content></level><level class="para1"><num>(j)</num><content><p>any email address, identification code or password deriving from a document delivered for the purpose of authorising or facilitating electronic filing procedures or providing information by telephone;</p></content></level><level class="para1"><num>(k)</num><content><p>any record of the information contained in a document (or part of a document) mentioned in any of the previous paragraphs of this subsection;</p></content></level><level class="para1"><num>(l)</num><content><p>any other material excluded from public inspection by or under any other enactment.</p></content></level></subsection><subsection eId="d28e24912"><num>(2)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-date-of-birth-information">protected date of birth information</term>” means information as to the day of the month (but not the month or year) on which an individual who is a registrable beneficial owner or managing officer of an overseas entity was born;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-residential-address-information">protected residential address information</term>” means information as to the usual residential address of an individual who is a registrable beneficial owner or managing officer of an overseas entity;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-protected-trusts-information">protected trusts information</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>the required information about a trust (see sections 4(3)(a), 7(3)(a) and (4)(a) and 9(3)(a) and (4)(a) and paragraphs 3(2)(a), 4(2)(a) and 5(2)(a) of Schedule 6), or</p></content></level><level class="para1"><num>(b)</num><content><p>any information required by virtue of section 7(3)(c) or (4)(c) or 9(3)(c) or (4)(c) or paragraph 4(2)(c) of Schedule 6 (information about beneficiaries).</p></content></level></hcontainer></subsection><subsection><num>(3)</num><content><p>Information about a registrable beneficial owner or managing officer does not cease to be protected date of birth information or protected residential address information when they cease to be a registrable beneficial owner or managing officer.</p></content></subsection><subsection><num>(4)</num><content><p>Where subsection (1), or a provision referred to in subsection (1), imposes a restriction by reference to material deriving from a particular description of document (or part of a document), that does not affect the availability for public inspection of the same information contained in material derived from another description of document (or part of a document) in relation to which no such restriction applies.</p></content></subsection><subsection eId="d28e24961"><num>(5)</num><content><p>The registrar need not retain material to which subsection (1) applies for longer than appears to the registrar reasonably necessary for the purposes for which the material was delivered to the registrar.</p></content></subsection></section><section><num>23</num><heading>Disclosure of protected information</heading><subsection><num>(1)</num><intro><p>The registrar must not disclose protected date of birth information, protected residential address information or protected trusts information unless—</p></intro><level class="para1"><num>(a)</num><content><p>the disclosure is permitted by section 1110F of the Companies Act 2006 (general powers of disclosure by the registrar),</p></content></level><level class="para1"><num>(b)</num><content><p>the information is required to be made available for public inspection (as a result of being contained in a document, part of a document, or record to which section <ref href="#d28e24778">22</ref><ref href="#d28e24782">(1)</ref> does not apply), or</p></content></level><level class="para1"><num>(c)</num><content><p>the disclosure is permitted by regulations under subsection <ref href="#d28e25006">(2)</ref>.</p></content></level></subsection><subsection eId="d28e25006"><num>(2)</num><content><p>The Secretary of State may by regulations make provision requiring the registrar, on application, to disclose relevant protected trusts information to a person (unless required to refrain from doing so by regulations under section 25).</p></content></subsection><subsection><num>(3)</num><intro><p>In subsection <ref href="#d28e25006">(2)</ref> “<term refersTo="#term-relevant-protected-trusts-information">relevant protected trusts information</term>” means protected trusts information other than information as to—</p></intro><level class="para1"><num>(a)</num><content><p>the day of the month (but not the month or year) on which an individual was born, or</p></content></level><level class="para1"><num>(b)</num><content><p>the usual residential address of an individual.</p></content></level></subsection><subsection><num>(4)</num><intro><p>The regulations may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application;</p></content></level><level class="para1"><num>(b)</num><content><p>the grounds on which an application may be made;</p></content></level><level class="para1"><num>(c)</num><content><p>the information to be included in and documents to accompany an application;</p></content></level><level class="para1" eId="d28e25060"><num>(d)</num><content><p>the notice to be given of an application and of its outcome;</p></content></level><level class="para1" eId="d28e25066"><num>(e)</num><content><p>how an application is to be determined.</p></content></level></subsection><subsection><num>(5)</num><content><p>Provision under subsection <ref href="#d28e25066">(4)(e)</ref> may in particular provide for a question to be referred to a person other than the registrar for the purposes of determining the application.</p></content></subsection><subsection eId="d28e25081"><num>(6)</num><content><p>The regulations may include provision authorising or requiring the registrar to impose conditions subject to which the information is disclosed (including conditions restricting its use or further disclosure).</p></content></subsection><subsection><num>(7)</num><content><p>The regulations may create offences in relation to failures to comply with conditions imposed by virtue of subsection <ref href="#d28e25081">(6)</ref>.</p></content></subsection><subsection><num>(8)</num><intro><p>The regulations must provide for any such offence to be punishable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, by a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, by a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, by a fine not exceeding level 5 on the standard scale.</p></content></level></subsection><subsection><num>(9)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(10)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(11)</num><intro><p>In this section the following have the meaning given by section <ref href="#d28e24778">22</ref><ref href="#d28e24912">(2)</ref>—</p></intro><hcontainer name="definition"><content><p>“protected date of birth information”;</p></content></hcontainer><hcontainer name="definition"><content><p>“protected residential address information”;</p></content></hcontainer><hcontainer name="definition"><content><p>“protected trusts information”.</p></content></hcontainer></subsection></section><section><num>24</num><heading>Consultation about regulations under section 23</heading><subsection><num>(1)</num><content><p>The Secretary of State must consult the Scottish Ministers before making regulations under section 23 that contain provision that would be within the legislative competence of the Scottish Parliament if contained in an Act of that Parliament.</p></content></subsection><subsection><num>(2)</num><intro><p>The Secretary of State must consult the Department of Finance in Northern Ireland before making regulations under section 23 that contain provision that—</p></intro><level class="para1"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level><level class="para1"><num>(b)</num><content><p>would not, if contained in a Bill for an Act of the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State under section 8 of the Northern Ireland Act 1998.</p></content></level></subsection></section></quotedStructure></mod></p></content></section><section eId="section-168"><num>168</num><heading>Protection of information</heading><content><p><mod>For section 25 of the Economic Crime (Transparency and Enforcement) Act 2022 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>25</num><heading>Power to make regulations protecting material</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations make provision requiring the registrar, on application—</p></intro><level class="para1" eId="d28e25211"><num>(a)</num><content><p>not to make available for public inspection any information on the register relating to an individual;</p></content></level><level class="para1" eId="d28e25217"><num>(b)</num><content><p>to refrain from disclosing information on the register relating to an individual except in specified circumstances;</p></content></level><level class="para1" eId="d28e25223"><num>(c)</num><content><p>not to make available for public inspection any address on the register that is not information to which paragraph <ref href="#d28e25211">(a)</ref> applies;</p></content></level><level class="para1" eId="d28e25232"><num>(d)</num><content><p>to refrain from disclosing any such address except in specified circumstances.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The regulations may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application;</p></content></level><level class="para1"><num>(b)</num><content><p>the grounds on which an application may be made;</p></content></level><level class="para1"><num>(c)</num><content><p>the information to be included in and documents to accompany an application;</p></content></level><level class="para1"><num>(d)</num><content><p>the notice to be given of an application and of its outcome;</p></content></level><level class="para1" eId="d28e25268"><num>(e)</num><content><p>how an application is to be determined;</p></content></level><level class="para1" eId="d28e25274"><num>(f)</num><content><p>the duration of, and procedures for revoking, any restrictions on the making of information available for public inspection or its disclosure.</p></content></level></subsection><subsection><num>(3)</num><content><p>Provision under subsection <ref href="#d28e25268">(2)(e)</ref> or <ref href="#d28e25274">(2)(f)</ref> may in particular provide for a question to be referred to a person other than the registrar for the purposes of determining the application or revoking the restrictions.</p></content></subsection><subsection eId="d28e25292"><num>(4)</num><content><p>Regulations under subsection <ref href="#d28e25211">(1)(a)</ref> or <ref href="#d28e25223">(1)(c)</ref> may provide that information is not to be made unavailable for public inspection unless the person to whom it relates provides such alternative information as may be specified.</p></content></subsection><subsection><num>(5)</num><content><p>The circumstances that may be specified under subsection <ref href="#d28e25217">(1)(b)</ref> or <ref href="#d28e25232">(d)</ref> by way of an exception to a restriction on disclosure include circumstances where the court has made an order, in accordance with the regulations, authorising disclosure.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under subsection <ref href="#d28e25217">(1)(b)</ref> or <ref href="#d28e25232">(d)</ref> may not require the registrar to refrain from disclosing information under section 1110F of the Companies Act 2006 (general powers of disclosure by the registrar).</p></content></subsection><subsection><num>(7)</num><intro><p>Regulations under this section may impose a duty on the registrar to publish, in relation to such periods as may be specified—</p></intro><level class="para1"><num>(a)</num><content><p>details of how many applications have been made under the regulations and how many of them have been allowed, and</p></content></level><level class="para1"><num>(b)</num><content><p>such other details in connection with applications under the regulations as may be specified in the regulations.</p></content></level></subsection><subsection><num>(8)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(9)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-3-crossheading-correction-or-removal-of-material-on-the-register"><heading>Correction or removal of material on the register</heading><section eId="section-169"><num>169</num><heading>Resolving inconsistencies in the register</heading><subsection eId="section-169-1"><num>(1)</num><content><p>Section 27 of the Economic Crime (Transparency and Enforcement) Act 2022 (resolving inconsistencies in the register) is amended as follows.</p></content></subsection><subsection eId="section-169-2"><num>(2)</num><content><p><mod>For subsections (1) and (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>Where it appears to the registrar that the information contained in a document delivered to the registrar by an overseas entity in connection with the register is inconsistent with other information contained in records kept by the registrar under section 1080 of the Companies Act 2006, the registrar may give notice to the overseas entity to which the document relates—</p></intro><level class="para1"><num>(a)</num><content><p>stating in what respects the information contained in it appears to be inconsistent with other information in records kept by the registrar under section 1080 of the Companies Act 2006, and</p></content></level><level class="para1"><num>(b)</num><content><p>requiring the overseas entity, within the period of 14 days beginning with the date on which the notice is issued, to take all such steps as are reasonably open to it to resolve the inconsistency by delivering replacement or additional documents or in any other way.</p></content></level></subsection><subsection><num>(2)</num><content><p>The notice must state the date on which it is issued.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-169-3"><num>(3)</num><content><p>In the heading, omit “in the register”.</p></content></subsection></section><section eId="section-170"><num>170</num><heading>Administrative removal of material from register</heading><subsection eId="section-170-1"><num>(1)</num><intro><p>In the Economic Crime (Transparency and Enforcement) Act 2022—</p></intro><level class="para1" eId="section-170-1-a"><num>(a)</num><content><p><mod>for section 28 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e25438"><num>28</num><heading>Administrative removal of material from the register</heading><subsection eId="d28e25442"><num>(1)</num><intro><p>The registrar may remove from the register anything that appears to the registrar to be—</p></intro><level class="para1"><num>(a)</num><content><p>a document, or material derived from a document, accepted under section 1073 of the Companies Act 2006 (power to accept documents not meeting requirements for proper delivery), or</p></content></level><level class="para1"><num>(b)</num><content><p>unnecessary material as defined by section 1074 of the Companies Act 2006.</p></content></level></subsection><subsection eId="d28e25460"><num>(2)</num><intro><p>The power to remove material from the register under this section may be exercised—</p></intro><level class="para1"><num>(a)</num><content><p>on the registrar’s own motion, or</p></content></level><level class="para1" eId="d28e25472"><num>(b)</num><content><p>on an application made in accordance with regulations under section <ref href="#d28e25498">28A</ref><ref href="#d28e25511">(2)</ref>.</p></content></level></subsection><subsection><num>(3)</num><content><p>The Secretary of State may by regulations provide that the registrar’s power to remove material from the register under this section following an application is limited to material of a description specified in the regulations.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations under this section are subject to the negative resolution procedure.</p></content></subsection></section><section eId="d28e25498"><num>28A</num><heading>Further provision about removal of material from the register</heading><subsection eId="d28e25502"><num>(1)</num><content><p>The Secretary of State must by regulations make provision for notice to be given in accordance with the regulations where material is removed from the register under section <ref href="#d28e25438">28</ref> otherwise than on an application.</p></content></subsection><subsection eId="d28e25511"><num>(2)</num><content><p>The Secretary of State must by regulations make provision in connection with the making and determination of applications for the removal of material from the register under section <ref href="#d28e25438">28</ref>.</p></content></subsection><subsection><num>(3)</num><intro><p>The provision that may be made under subsection <ref href="#d28e25511">(2)</ref> includes provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application,</p></content></level><level class="para1"><num>(b)</num><content><p>the information to be included in and documents to accompany an application,</p></content></level><level class="para1"><num>(c)</num><content><p>the notice to be given of an application and of its outcome,</p></content></level><level class="para1"><num>(d)</num><content><p>a period in which objections to an application may be made, and</p></content></level><level class="para1" eId="d28e25553"><num>(e)</num><content><p>how an application is to be determined, including provision as to evidence that may be relied upon by the registrar for the purposes of satisfying the test in section <ref href="#d28e25438">28</ref><ref href="#d28e25442">(1)</ref>.</p></content></level></subsection><subsection><num>(4)</num><intro><p>The provision that may be made by virtue of subsection <ref href="#d28e25553">(3)(e)</ref> includes provision as to circumstances in which—</p></intro><level class="para1"><num>(a)</num><content><p>evidence is to be treated by the registrar as conclusive proof that the test in section <ref href="#d28e25438">28</ref><ref href="#d28e25442">(1)</ref> is met, and</p></content></level><level class="para1"><num>(b)</num><content><p>the power of removal must be exercised.</p></content></level></subsection><subsection><num>(5)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to the negative resolution procedure.</p></content></subsection></section></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-170-1-b"><num>(b)</num><content><p>omit sections 29 and 29A (application to rectify register and resolution of discrepancies).</p></content></level></subsection><subsection eId="section-170-2"><num>(2)</num><content><p><mod>In section 1073 of the Companies Act 2006 (power to accept documents not meeting requirements for proper delivery), in subsection (6)(a), after “<term refersTo="#term-section-1094a1" eId="term-section-1094a1">section 1094A(1)</term>” (inserted by section 85 of this Act) insert <quotedText>“or any corresponding provision of any other enactment”</quotedText>.</mod></p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-3-crossheading-offences"><heading>Offences</heading><section eId="section-171"><num>171</num><heading>False statement offences in connection with information notices</heading><content><p><mod>For section 15 of the Economic Crime (Transparency and Enforcement) Act 2022 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>15</num><heading>Failure to comply with notice under section 12 or 13</heading><subsection><num>(1)</num><content><p>A person who, without reasonable excuse, fails to comply with a notice under section 12 or 13 commits an offence.</p></content></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a legal entity, the offence is also committed by every officer of the entity who is in default.</p></content></subsection><subsection><num>(3)</num><content><p>It is a defence for a person charged with an offence under this section to prove that the requirement to give information was frivolous or vexatious.</p></content></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para1"><num>(d)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both).</p></content></level></subsection></section><section><num>15A</num><heading>False statements under section 12 or 13: basic offence</heading><subsection><num>(1)</num><content><p>A person who is given a notice under section 12 or 13 commits an offence if, in purported compliance with the notice and without reasonable excuse, the person makes a statement that is misleading, false or deceptive in a material particular.</p></content></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a legal entity, the offence is also committed by every officer of the entity who is in default.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</p></content></level></subsection></section><section><num>15B</num><heading>False statements under section 12 or 13: aggravated offence</heading><subsection><num>(1)</num><content><p>A person who is given a notice under section 12 or 13 commits an offence if, in purported compliance with the notice, the person makes a statement that the person knows to be misleading, false or deceptive in a material particular.</p></content></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a legal entity, the offence is also committed by every officer of the entity who is in default.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para1"><num>(d)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both).</p></content></level></subsection></section></quotedStructure></mod></p></content></section><section eId="section-172"><num>172</num><heading>General false statement offences</heading><content><p><mod>For section 32 of the Economic Crime (Transparency and Enforcement) Act 2022 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>32</num><heading>False statements: basic offence</heading><subsection><num>(1)</num><intro><p>It is an offence for a person, without reasonable excuse, to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for the purposes of this Part, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for the purposes of this Part, a statement that is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a legal entity, every officer of the entity who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</p></content></level></subsection></section><section><num>32A</num><heading>False statements: aggravated offence</heading><subsection><num>(1)</num><intro><p>It is an offence for a person knowingly to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for the purposes of this Part, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for the purposes of this Part, a statement that is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a legal entity, every officer of the entity who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both).</p></content></level></level></subsection></section></quotedStructure></mod></p></content></section><section eId="section-173"><num>173</num><heading>Enforcement of requirement to register: updated language about penalties etc</heading><subsection eId="section-173-1"><num>(1)</num><content><p>The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows.</p></content></subsection><subsection eId="section-173-2"><num>(2)</num><intro><p>In section 34 (power to require overseas entity to register if it owns certain land)—</p></intro><level class="para1" eId="section-173-2-a"><num>(a)</num><content><p><mod>in subsection (4)(a), for “the maximum summary term for either-way offences” substitute <quotedText>“a term not exceeding the general limit in a magistrates’ court”</quotedText>;</mod></p></content></level><level class="para1" eId="section-173-2-b"><num>(b)</num><content><p>omit subsection (5).</p></content></level></subsection><subsection eId="section-173-3"><num>(3)</num><content><p><mod>In section 36 (meaning of “<term refersTo="#term-daily-default-fine" eId="term-daily-default-fine">daily default fine</term>”) after “applies for” insert <quotedText>“the”</quotedText>.</mod></p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-3-crossheading-miscellaneous"><heading>Miscellaneous</heading><section eId="section-174"><num>174</num><heading>Overseas entities: further information for transitional cases</heading><content><p>Schedule 7 (overseas entities: further information for transitional cases) amends the Economic Crime (Transparency and Enforcement) Act 2022 to impose further duties on overseas entities to deliver information to the registrar.</p></content></section><section eId="section-175"><num>175</num><heading>Financial penalties: interaction with offences</heading><intro><p>In section 39 of the Economic Crime (Transparency and Enforcement) Act 2022 (financial penalties), in subsection (4)—</p></intro><level class="para1" eId="section-175-a"><num>(a)</num><content><p><mod>for paragraph (a) (but not the “and” at the end) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(a)</num><intro><p>no financial penalty may be imposed under the regulations on a person in respect of conduct amounting to an offence if—</p></intro><level class="para2"><num>(i)</num><content><p>proceedings have been brought against the person for that offence in respect of that conduct and the proceedings are ongoing, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the person has been convicted of that offence in respect of that conduct,</p></content></level></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-175-b"><num>(b)</num><content><p>in paragraph (b), omit “or continued”.</p></content></level></section><section eId="section-176"><num>176</num><heading>Meaning of “service address”</heading><content><p><mod>In section 44 of the Economic Crime (Transparency and Enforcement) Act 2022 (interpretation), at the appropriate places, insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-the-companies-acts">the Companies Acts</term>” has the meaning given by section 2(1) of the Companies Act 2006;</p></content></hcontainer></quotedStructure></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-service-address">service address</term>” has the same meaning as in the Companies Acts (see section 1141(1) and (2) of the Companies Act 2006).</p></content></hcontainer></quotedStructure></mod></p></content></section><section eId="section-177"><num>177</num><heading>Meaning of “registered overseas entity” in land registration legislation</heading><subsection eId="section-177-1"><num>(1)</num><content><p><mod>In Schedule 4A to the Land Registration Act 2002 (overseas entities), for paragraph 8 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><paragraph class="schProv1"><num>8</num><subparagraph eId="d28e26072"><num>(1)</num><content><p>For the purpose of this Schedule, an overseas entity that has failed to comply with any of the following duties is not to be treated as being a “registered overseas entity” until it remedies the failure.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>The duties are—</p></intro><level class="para1"><num>(a)</num><content><p>the duty to deliver to the registrar of companies the documents required by section 7 of the Economic Crime (Transparency and Enforcement) Act 2022 (updating duty);</p></content></level><level class="para1"><num>(b)</num><content><p>the duty to provide information to the registrar of companies in accordance with a notice under section <ref href="#d28e11932">1092A</ref> of the Companies Act 2006 (power of registrar to require information).</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>For the purposes of this paragraph the failure is remedied when the documents are delivered, or the information is provided, to the registrar of companies.</p></content></subparagraph></paragraph></quotedStructure></mod></p></content></subsection><subsection eId="section-177-2"><num>(2)</num><content><p>In section 21 of the Land Registration etc. (Scotland) Act <ref eId="c00020" href="http://www.legislation.gov.uk/id/asp/2012/5">2012 (asp 5)</ref> (application for registration of deed), the subsection (5) inserted by the Economic Crime (Transparency and Enforcement) Act 2022 is renumbered subsection (4A).</p></content></subsection><subsection eId="section-177-3"><num>(3)</num><content><p><mod>In schedule 1A to the Land Registration etc. (Scotland) Act 2012 (land transactions: overseas entities), in paragraph 9, for sub-paragraphs (2) and (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph eId="d28e26121"><num>(2)</num><content><p>For the purpose of this schedule, an overseas entity that has failed to comply with any of the following duties is not to be treated as being a “registered overseas entity” until it remedies the failure.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>The duties are—</p></intro><level class="para1"><num>(a)</num><content><p>the duty to deliver to the registrar of companies the documents required by section 7 of the Economic Crime (Transparency and Enforcement) Act 2022 (updating duty);</p></content></level><level class="para1"><num>(b)</num><content><p>the duty to provide information to the registrar of companies in accordance with a notice under section <ref href="#d28e11932">1092A</ref> of the Companies Act 2006 (power of registrar to require information).</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>For the purposes of sub-paragraph <ref href="#d28e26121">(2)</ref> the failure is remedied when the documents are delivered, or the information is provided, to the registrar of companies.</p></content></subparagraph></quotedStructure></mod></p></content></subsection><subsection eId="section-177-4"><num>(4)</num><content><p><mod>In Schedule 8A to the <ref eId="c00021" href="http://www.legislation.gov.uk/id/apni/1970/18">Land Registration Act (Northern Ireland) 1970 (c. 18 (N.I.))</ref> (overseas entities), for paragraph 7 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><paragraph class="schProv1"><num>7</num><subparagraph><num>(1)</num><content><p>For the purpose of this Schedule, an overseas entity that fails to comply with any of the following duties is not to be treated as being a “registered overseas entity” until it remedies the failure.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>The duties are—</p></intro><level class="para1"><num>(a)</num><content><p>the duty to deliver to the registrar of companies the documents required by section 7 of the Economic Crime (Transparency and Enforcement) Act 2022 (updating duty);</p></content></level><level class="para1"><num>(b)</num><content><p>the duty to provide information to the registrar of companies in accordance with a notice under section <ref href="#d28e11932">1092A</ref> of the Companies Act 2006 (power of registrar to require information).</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>For the purposes of this paragraph a failure is remedied when the documents are delivered, or the information is provided, to the registrar of companies.</p></content></subparagraph></paragraph></quotedStructure></mod></p></content></subsection></section><section eId="section-178"><num>178</num><heading>Power to apply Part 1 amendments to register of overseas entities</heading><subsection eId="section-178-1"><num>(1)</num><content><p>Where provision made by the Economic Crime (Transparency and Enforcement) Act 2022 corresponds to provision made by the Companies Act 2006, the Secretary of State may by regulations make amendments to the 2022 Act corresponding to any amendments made by Part 1 of this Act to the provision in the 2006 Act.</p></content></subsection><subsection eId="section-178-2"><num>(2)</num><content><p>The Secretary of State must obtain the consent of the Scottish Ministers before making regulations under this section that contain provision that would be within the legislative competence of the Scottish Parliament if contained in an Act of that Parliament.</p></content></subsection><subsection eId="section-178-3"><num>(3)</num><intro><p>The Secretary of State must obtain the consent of the Department of Finance in Northern Ireland before making regulations under this section that contain provision that—</p></intro><level class="para1" eId="section-178-3-a"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level><level class="para1" eId="section-178-3-b"><num>(b)</num><content><p>would not, if contained in a Bill in the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State under section 8 of the Northern Ireland Act 1998.</p></content></level></subsection></section></hcontainer></part>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-3-crossheading-the-register-and-registration"><heading>The register and registration</heading><section eId="section-156"><num>156</num><heading>Register of overseas entities</heading><intro><p>In section 3 of the Economic Crime (Transparency and Enforcement) Act 2022, in subsection (2)—</p></intro><level class="para1" eId="section-156-a"><num>(a)</num><content><p>in paragraph (b), omit “, or otherwise in connection with the register”;</p></content></level><level class="para1" eId="section-156-b"><num>(b)</num><content><p><mod>after paragraph (b) (but before the “and” at the end) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>documents delivered to the registrar under or by virtue of Part 35 of the Companies Act 2006 in connection with the register or the delivery of other documents that, on registration, will form part of the register,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></section><section eId="section-157"><num>157</num><heading>Required information about overseas entities: address information</heading><content><p>In the following provisions of Schedule 1 to the Economic Crime (Transparency and Enforcement) Act 2022 (which refer to an entity’s registered or principal office) omit “registered or”—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>paragraph 2(1)(c);</p></item><item><p>paragraph 5(1)(b);</p></item><item><p>paragraph 6(1)(d);</p></item><item><p>paragraph 7(1)(b).</p></item></blockList></content></section><section eId="section-158"><num>158</num><heading>Registration of information about land</heading><intro><p>In Schedule 1 to the Economic Crime (Transparency and Enforcement) Act 2022 (required information), in paragraph 2—</p></intro><level class="para1" eId="section-158-a"><num>(a)</num><content><p><mod>in sub-paragraph (1), after paragraph (g) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1" eId="d28e23779"><num>(h)</num><content><p>if the entity is the registered proprietor of one or more qualifying estates in land in England and Wales, the title number of each of them;</p></content></level><level class="para1" eId="d28e23785"><num>(i)</num><content><p>if the entity is the registered owner of one or more qualifying estates in Northern Ireland, the folio number in respect of each of them;</p></content></level><level class="para1" eId="d28e23791"><num>(j)</num><intro><p>if the entity is—</p></intro><level class="para2"><num>(i)</num><content><p>entered as proprietor in the proprietorship section of the title sheet for one or more plots of land that are registered in the Land Register of Scotland, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the tenant under one or more leases registered in the Land Register of Scotland,</p></content></level><wrapUp><p>the title number of the title sheet, in respect of each of them, in which the entity’s interest is registered.</p></wrapUp></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-158-b"><num>(b)</num><content><p><mod>after sub-paragraph (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(3)</num><intro><p>In sub-paragraph (1)<ref href="#d28e23779">(h)</ref>—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-proprietor">registered proprietor</term>”, in relation to a qualifying estate, means the person entered as proprietor of the estate in the register of title kept by the Chief Land Registrar;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-qualifying-estate">qualifying estate</term>” has the meaning given by paragraph 1 of Schedule 4A to the Land Registration Act 2002.</p></content></hcontainer></subparagraph><subparagraph><num>(4)</num><intro><p>In sub-paragraph (1)<ref href="#d28e23785">(i)</ref>—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-owner">registered owner</term>”, in relation to a qualifying estate, means the person registered in the register kept under the <ref eId="c00017" href="http://www.legislation.gov.uk/id/apni/1970/18">Land Registration Act (Northern Ireland) 1970 (c. 18 (N.I.))</ref> as the owner of the estate;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-qualifying-estate">qualifying estate</term>” has the meaning given by paragraph 1 of Schedule 8A to the Land Registration Act (Northern Ireland) 1970.</p></content></hcontainer></subparagraph><subparagraph><num>(5)</num><intro><p>In sub-paragraph (1)<ref href="#d28e23791">(j)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>“<term refersTo="#term-lease">lease</term>”, “<term refersTo="#term-plot-of-land">plot of land</term>” and “<term refersTo="#term-proprietor">proprietor</term>” have the meanings given by section 113(1) of the Land Registration etc. (Scotland) Act 2012;</p></content></level><level class="para1"><num>(b)</num><content><p>the reference to an entity’s being entered as proprietor in the proprietorship section of a title sheet is a reference to the name of the entity being so entered.</p></content></level></subparagraph></quotedStructure></mod></p></content></level></section><section eId="section-159"><num>159</num><heading>Registration of information about trusts</heading><subsection eId="section-159-1"><num>(1)</num><content><p>Paragraph 8 of Schedule 1 to the Economic Crime (Transparency and Enforcement) Act 2022 (required information) is amended as follows.</p></content></subsection><subsection eId="section-159-2"><num>(2)</num><content><p><mod>In sub-paragraph (1), for paragraphs (d) to (f) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>the specified details of each beneficiary under the trust;</p></content></level><level class="para1"><num>(e)</num><intro><p>the specified details of each settlor or grantor and, in relation to any settlor or grantor that is a legal entity, the specified details of any person who at the time at which the trust is settled—</p></intro><level class="para2"><num>(i)</num><content><p>is a registrable beneficial owner in relation to that entity (if it is overseas entity), or</p></content></level><level class="para2"><num>(ii)</num><content><p>would be a registrable beneficial owner in relation to the entity if that entity were an overseas entity;</p></content></level></level><level class="para1"><num>(f)</num><content><p>the specified details of any interested person under the trust and the date on which they became an interested person.</p></content></level></quotedStructure></mod></p></content></subsection><subsection eId="section-159-3"><num>(3)</num><content><p><mod>After sub-paragraph (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(1A)</num><intro><p>In sub-paragraph (1)(d) to (f) “the specified details”—</p></intro><level class="para1"><num>(a)</num><intro><p>in relation to a person who is an individual, means—</p></intro><level class="para2"><num>(i)</num><content><p>name, date of birth and nationality;</p></content></level><level class="para2"><num>(ii)</num><content><p>usual residential address;</p></content></level><level class="para2"><num>(iii)</num><content><p>a service address;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>in relation to a person that is a legal entity, means—</p></intro><level class="para2"><num>(i)</num><content><p>name;</p></content></level><level class="para2"><num>(ii)</num><content><p>principal office;</p></content></level><level class="para2"><num>(iii)</num><content><p>a service address;</p></content></level><level class="para2"><num>(iv)</num><content><p>the legal form of the entity and the law by which it is governed;</p></content></level><level class="para2"><num>(v)</num><content><p>any public register in which it is entered and, if applicable, its registration number in that register.</p></content></level></level></subparagraph></quotedStructure></mod></p></content></subsection><subsection eId="section-159-4"><num>(4)</num><content><p><mod>In sub-paragraph (2), for “sub-paragraph (1)(c)” substitute <quotedText>“sub-paragraphs (1)(c) and (1A)(a)”</quotedText>.</mod></p></content></subsection></section><section eId="section-160"><num>160</num><heading>Registration of information about managing officers: age limits</heading><subsection eId="section-160-1"><num>(1)</num><content><p>Schedule 1 to the Economic Crime (Transparency and Enforcement) Act 2022 (applications: required information) is amended as follows.</p></content></subsection><subsection eId="section-160-2"><num>(2)</num><content><p><mod>In paragraph 6(1), after paragraph (f) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(g)</num><content><p>if the officer is under the age of 16 years old, the name and contact details of an individual who is at least 16 years old and is willing to be contacted about the officer.</p></content></level></quotedStructure></mod></p></content></subsection><subsection eId="section-160-3"><num>(3)</num><content><p><mod>In paragraph 7(1), for paragraph (g) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(g)</num><content><p>the name and contact details of an individual who is at least 16 years old and is willing to be contacted about the officer.</p></content></level></quotedStructure></mod></p></content></subsection></section><section eId="section-161"><num>161</num><heading>Registrable beneficial owners: cases involving trusts</heading><subsection eId="section-161-1"><num>(1)</num><content><p>Schedule 2 to the Economic Crime (Transparency and Enforcement) Act 2022 (registrable beneficial owners) is amended in accordance with subsections <ref href="#section-161-2">(2)</ref> to <ref href="#section-161-5">(5)</ref>.</p></content></subsection><subsection eId="section-161-2"><num>(2)</num><content><p><mod>In paragraph 3 (legal entities), in paragraph (b), after “(see Part 3)” insert <quotedText>“or is a beneficial owner of the overseas entity by virtue of being a trustee”</quotedText>.</mod></p></content></subsection><subsection eId="section-161-3"><num>(3)</num><content><p><mod>In paragraph 8 (beneficial owners exempt from registration), after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>the person is not a beneficial owner of the overseas entity by virtue of being a trustee,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-161-4"><num>(4)</num><content><p><mod>For the heading of Part 6 substitute <quotedText>“Powers to amend this Schedule”</quotedText>.</mod></p></content></subsection><subsection eId="section-161-5"><num>(5)</num><content><p><mod>Before paragraph 25 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="crossheading" class="schGroup7"><heading>Expansion of meaning of “registrable beneficial owner” where trusts in view</heading><paragraph class="schProv1"><num>24A</num><subparagraph><num>(1)</num><content><p>The Secretary of State may by regulations amend this Schedule so as to expand the description of persons who are registrable beneficial owners of an overseas entity in circumstances where the overseas entity is part of a chain of entities that includes a trustee.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>For these purposes an overseas entity is part of a chain of entities that includes a trustee if there is a legal entity which is a beneficial owner of it by virtue of being a trustee.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>Regulations under this paragraph are subject to the affirmative resolution procedure.</p></content></subparagraph></paragraph></hcontainer><heading ukl:Context="P1group">Power to amend thresholds etc</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-161-6"><num>(6)</num><content><p>Regulation 14 of the Register of Overseas Entities (Delivery, Protection and Trust Services) Regulations 2022 (<ref eId="c00018" href="http://www.legislation.gov.uk/id/uksi/2022/870">S.I. 2022/870</ref>) (description of legal entity subject to its own disclosure requirements) is revoked.</p></content></subsection></section><section eId="section-162"><num>162</num><heading>Registrable beneficial owners: nominees</heading><subsection eId="section-162-1"><num>(1)</num><content><p>The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows.</p></content></subsection><subsection eId="section-162-2"><num>(2)</num><intro><p>In Schedule 1 (required information)—</p></intro><level class="para1" eId="section-162-2-a"><num>(a)</num><content><p><mod>in paragraph 3(1), for paragraphs (e) and (f) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>whether the individual is a registrable beneficial owner by virtue of paragraph 2(1) of Schedule 2 or paragraph 2(2) of that Schedule;</p></content></level><level class="para1"><num>(f)</num><intro><p>if the individual is a registrable beneficial owner by virtue of paragraph 2(1) of Schedule 2—</p></intro><level class="para2"><num>(i)</num><content><p>a statement as to which of the conditions in paragraph 6 of that Schedule is met and why, and</p></content></level><level class="para2"><num>(ii)</num><content><p>a statement as to whether that condition is met by virtue of the individual being a trustee;</p></content></level></level><level class="para1"><num>(fa)</num><content><p>if the individual is a registrable beneficial owner by virtue of paragraph 2(2) of Schedule 2, a statement as to which of the conditions in paragraph 6A of that Schedule is met and why;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-162-2-b"><num>(b)</num><content><p><mod>in paragraph 4, for sub-paragraph (f) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(f)</num><content><p>whether the government or public authority is a registrable beneficial owner by virtue of paragraph 4(1) of Schedule 2 or paragraph 4(2) of that Schedule;</p></content></level><level class="para1"><num>(fa)</num><content><p>if the government or public authority is a registrable beneficial owner by virtue of paragraph 4(1) of Schedule 2, a statement as to which of the conditions in paragraph 6 of that Schedule is met and why;</p></content></level><level class="para1"><num>(fb)</num><content><p>if the government or public authority is a registrable beneficial owner by virtue of paragraph 4(2) of Schedule 2, a statement as to which of the conditions in paragraph 6A of that Schedule is met and why;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-162-2-c"><num>(c)</num><content><p><mod>in paragraph 5(1), for paragraphs (g) and (h) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(g)</num><content><p>whether the entity is a registrable beneficial owner by virtue of paragraph 3(1) of Schedule 2 or paragraph 3(2) of that Schedule;</p></content></level><level class="para1"><num>(h)</num><intro><p>if the entity is a registrable beneficial owner by virtue of paragraph 3(1) of Schedule 2—</p></intro><level class="para2"><num>(i)</num><content><p>a statement as to which of the conditions in paragraph 6 of that Schedule is met and why, and</p></content></level><level class="para2"><num>(ii)</num><content><p>a statement as to whether that condition is met by virtue of the entity being a trustee;</p></content></level></level><level class="para1"><num>(ha)</num><content><p>if the entity is a registrable beneficial owner by virtue of paragraph 3(2) of Schedule 2, a statement as to which of the conditions in paragraph 6A of that Schedule is met and why;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subsection><subsection eId="section-162-3"><num>(3)</num><intro><p>In Schedule 2 (registrable beneficial owners)—</p></intro><level class="para1" eId="section-162-3-a"><num>(a)</num><intro><p>in paragraph 2—</p></intro><level class="para2" eId="section-162-3-a-i"><num>(i)</num><content><p>the existing text becomes sub-paragraph (1);</p></content></level><level class="para2" eId="section-162-3-a-ii"><num>(ii)</num><content><p><mod>in paragraph (a) of that sub-paragraph, for “(see Part 2)” substitute <quotedText>“by virtue of paragraph 6”</quotedText>;</mod></p></content></level><level class="para2" eId="section-162-3-a-iii"><num>(iii)</num><content><p><mod>after that sub-paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2)</num><content><p>An individual is also a “<term refersTo="#term-registrable-beneficial-owner">registrable beneficial owner</term>” in relation to an overseas entity if the individual is treated as a beneficial owner of the overseas entity by virtue of paragraph 6A.</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="section-162-3-b"><num>(b)</num><intro><p>in paragraph 3—</p></intro><level class="para2" eId="section-162-3-b-i"><num>(i)</num><content><p>the existing text becomes sub-paragraph (1);</p></content></level><level class="para2" eId="section-162-3-b-ii"><num>(ii)</num><content><p><mod>in paragraph (a) of that sub-paragraph, for “(see Part 2)” substitute <quotedText>“by virtue of paragraph 6”</quotedText>;</mod></p></content></level><level class="para2" eId="section-162-3-b-iii"><num>(iii)</num><content><p><mod>after that sub-paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2)</num><content><p>A legal entity other than a government or public authority is also a “<term refersTo="#term-registrable-beneficial-owner">registrable beneficial owner</term>” in relation to an overseas entity if it is treated as a beneficial owner of the overseas entity by virtue of paragraph 6A.</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="section-162-3-c"><num>(c)</num><intro><p>in paragraph 4—</p></intro><level class="para2" eId="section-162-3-c-i"><num>(i)</num><content><p>the existing text becomes sub-paragraph (1);</p></content></level><level class="para2" eId="section-162-3-c-ii"><num>(ii)</num><content><p><mod>in that sub-paragraph, for “(see Part 2)” substitute <quotedText>“by virtue of paragraph 6”</quotedText>;</mod></p></content></level><level class="para2" eId="section-162-3-c-iii"><num>(iii)</num><content><p><mod>after that sub-paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2)</num><content><p>A government or public authority is also a “<term refersTo="#term-registrable-beneficial-owner">registrable beneficial owner</term>” in relation to an overseas entity if it is treated as a beneficial owner of the overseas entity by virtue of paragraph 6A.</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="section-162-3-d"><num>(d)</num><content><p><mod>after paragraph 6 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="crossheading" class="schGroup7"><heading>Persons treated as beneficial owners where entity holds land as nominee</heading><paragraph class="schProv1"><num>6A</num><content><p>A person (“<term refersTo="#term-x">X</term>”) is to be treated as a beneficial owner of an overseas entity (“<term refersTo="#term-y">Y</term>”) if one or more of the following conditions are met.</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p><i>Y holds land in England or Wales as nominee for X</i></p><p>Condition 1 is that Y—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>is registered in the register of title kept under the Land Registration Act 2002 as the proprietor of a qualifying estate within the meaning of Schedule 4A to that Act,</p></item><item><num>(b)</num><p>became so registered in pursuance of an application made on or after 1 January 1999, and</p></item><item><num>(c)</num><p>holds the qualifying estate as nominee for—</p><blockList class="ordered roman parens" ukl:Name="OrderedList" ukl:Type="roman" ukl:Decoration="parens"><item><num>(i)</num><p>X, or</p></item><item><num>(ii)</num><p>an entity of which X is a beneficial owner by virtue of paragraph 6.</p></item></blockList></item></blockList></item><item><p><i>Y holds land in Scotland as nominee for X</i></p><p>Condition 2 is that—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>Y—</p><blockList class="ordered roman parens" ukl:Name="OrderedList" ukl:Type="roman" ukl:Decoration="parens"><item><num>(i)</num><p>holds an interest in land by virtue of being entered, on or after 8 December 2014, as proprietor in the proprietorship section of the title sheet for a plot of land that is registered in the Land Register of Scotland,</p></item><item><num>(ii)</num><p>is, in relation to a lease that was recorded in the General Register of Sasines or registered in the Land Register of Scotland before that date, by virtue of an assignation of the lease registered in the Land Register of Scotland on or after that date, the tenant under the lease, or</p></item><item><num>(iii)</num><p>is the tenant under a lease that was registered in the Land Register of Scotland on or after that date, and</p></item></blockList></item><item><num>(b)</num><p>Y holds the interest in land referred to in paragraph (a)(i), (ii) or (iii) as nominee for—</p><blockList class="ordered roman parens" ukl:Name="OrderedList" ukl:Type="roman" ukl:Decoration="parens"><item><num>(i)</num><p>X, or</p></item><item><num>(ii)</num><p>an entity of which X is a beneficial owner by virtue of paragraph 6.</p></item></blockList></item></blockList></item><item><p><i>Y holds land in Northern Ireland as nominee for X</i></p><p>Condition 3 is that Y—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>is registered in the register kept under the <ref eId="c00019" href="http://www.legislation.gov.uk/id/apni/1970/18">and Registration Act (Northern Ireland) 1970 (c. 18 (N.I.))</ref> as the owner of a qualifying estate within the meaning of Schedule 8A to that Act,</p></item><item><num>(b)</num><p>became so registered on or after the day on which that Schedule came into force, and</p></item><item><num>(c)</num><p>holds the qualifying estate as nominee for—</p><blockList class="ordered roman parens" ukl:Name="OrderedList" ukl:Type="roman" ukl:Decoration="parens"><item><num>(i)</num><p>X, or</p></item><item><num>(ii)</num><p>an entity of which X is a beneficial owner by virtue of paragraph 6.</p></item></blockList></item></blockList></item></blockList></content></paragraph></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-162-3-e"><num>(e)</num><content><p><mod>in paragraph 8, for “paragraphs 2(b) and 3(c)” substitute <quotedText>“paragraphs 2(1)(b) and 3(1)(c)”</quotedText>.</mod></p></content></level></subsection></section><section eId="section-163"><num>163</num><heading>Information about changes in beneficiaries under trusts</heading><subsection eId="section-163-1"><num>(1)</num><content><p>Schedule 6 (duty to deliver information about changes in beneficiaries) imposes further duties on registered overseas entities to deliver information.</p></content></subsection><subsection eId="section-163-2"><num>(2)</num><content><p>The amendments made by paragraph <ref href="#schedule-6-paragraph-2">2</ref> of Schedule 6 do not apply in relation to any statements or information delivered to the registrar under section 7 of the Economic Crime (Transparency and Enforcement) Act 2022 during the period of 3 months beginning when that paragraph comes fully into force.</p></content></subsection></section><section eId="section-164"><num>164</num><heading>Applications for removal</heading><subsection eId="section-164-1"><num>(1)</num><content><p>Section 10 of the Economic Crime (Transparency and Enforcement) Act 2022 (processing of application for removal) is amended as follows.</p></content></subsection><subsection eId="section-164-2"><num>(2)</num><content><p><mod>In subsection (2), after “land” insert <quotedText>“and there are no updates pending”</quotedText>.</mod></p></content></subsection><subsection eId="section-164-3"><num>(3)</num><content><p><mod>In subsection (3), after “land” insert <quotedText>“or there is an update pending”</quotedText>.</mod></p></content></subsection><subsection eId="section-164-4"><num>(4)</num><content><p><mod>After subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><intro><p>For the purposes of subsections (2) and (3) an update is pending if—</p></intro><level class="para1"><num>(a)</num><content><p>an update period for the entity has ended and the entity has not yet complied with the duty under section 7 in respect of that period, or</p></content></level><level class="para1"><num>(b)</num><content><p>the entity is required to deliver information under Schedule 6 but has not yet done so.</p></content></level></subsection></quotedStructure></mod></p></content></subsection></section><section eId="section-165"><num>165</num><heading>Verification of registrable beneficial owners and managing officers</heading><subsection eId="section-165-1"><num>(1)</num><content><p>Section 16 of the Economic Crime (Transparency and Enforcement) Act 2022 (verification of registrable beneficial owners and managing officers) is amended as follows.</p></content></subsection><subsection eId="section-165-2"><num>(2)</num><intro><p>In subsection (2)—</p></intro><level class="para1" eId="section-165-2-a"><num>(a)</num><content><p><mod>after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>about how the information is to be verified (including provision about the kinds or sources of evidence to be used);</p></content></level><level class="para1"><num>(ab)</num><content><p>about the standard to which verification is to be carried out;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-165-2-b"><num>(b)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>about the records that must be kept in connection with verification;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-165-2-c"><num>(c)</num><content><p><mod>after paragraph (d) (inserted by section 166 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>about the information that must be provided to the registrar to enable the registrar to monitor compliance with any requirements imposed by the regulations.</p></content></level></quotedStructure></mod></p></content></level></subsection><subsection eId="section-165-3"><num>(3)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>Regulations under this section may create offences in relation to failures to comply with requirements imposed by virtue of subsection (2)(ba) or (e).</p></content></subsection><subsection><num>(2B)</num><intro><p>The regulations must provide for any such offence to be punishable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, by a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, by a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, by a fine not exceeding level 5 on the standard scale.</p></content></level></subsection></quotedStructure></mod></p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-156"><num>156</num><heading>Register of overseas entities</heading><intro><p>In section 3 of the Economic Crime (Transparency and Enforcement) Act 2022, in subsection (2)—</p></intro><level class="para1" eId="section-156-a"><num>(a)</num><content><p>in paragraph (b), omit “, or otherwise in connection with the register”;</p></content></level><level class="para1" eId="section-156-b"><num>(b)</num><content><p><mod>after paragraph (b) (but before the “and” at the end) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>documents delivered to the registrar under or by virtue of Part 35 of the Companies Act 2006 in connection with the register or the delivery of other documents that, on registration, will form part of the register,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></section>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-156-a"><num>(a)</num><content><p>in paragraph (b), omit “, or otherwise in connection with the register”;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-156-b"><num>(b)</num><content><p><mod>after paragraph (b) (but before the “and” at the end) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>documents delivered to the registrar under or by virtue of Part 35 of the Companies Act 2006 in connection with the register or the delivery of other documents that, on registration, will form part of the register,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-157"><num>157</num><heading>Required information about overseas entities: address information</heading><content><p>In the following provisions of Schedule 1 to the Economic Crime (Transparency and Enforcement) Act 2022 (which refer to an entity’s registered or principal office) omit “registered or”—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>paragraph 2(1)(c);</p></item><item><p>paragraph 5(1)(b);</p></item><item><p>paragraph 6(1)(d);</p></item><item><p>paragraph 7(1)(b).</p></item></blockList></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-158"><num>158</num><heading>Registration of information about land</heading><intro><p>In Schedule 1 to the Economic Crime (Transparency and Enforcement) Act 2022 (required information), in paragraph 2—</p></intro><level class="para1" eId="section-158-a"><num>(a)</num><content><p><mod>in sub-paragraph (1), after paragraph (g) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1" eId="d28e23779"><num>(h)</num><content><p>if the entity is the registered proprietor of one or more qualifying estates in land in England and Wales, the title number of each of them;</p></content></level><level class="para1" eId="d28e23785"><num>(i)</num><content><p>if the entity is the registered owner of one or more qualifying estates in Northern Ireland, the folio number in respect of each of them;</p></content></level><level class="para1" eId="d28e23791"><num>(j)</num><intro><p>if the entity is—</p></intro><level class="para2"><num>(i)</num><content><p>entered as proprietor in the proprietorship section of the title sheet for one or more plots of land that are registered in the Land Register of Scotland, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the tenant under one or more leases registered in the Land Register of Scotland,</p></content></level><wrapUp><p>the title number of the title sheet, in respect of each of them, in which the entity’s interest is registered.</p></wrapUp></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-158-b"><num>(b)</num><content><p><mod>after sub-paragraph (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(3)</num><intro><p>In sub-paragraph (1)<ref href="#d28e23779">(h)</ref>—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-proprietor">registered proprietor</term>”, in relation to a qualifying estate, means the person entered as proprietor of the estate in the register of title kept by the Chief Land Registrar;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-qualifying-estate">qualifying estate</term>” has the meaning given by paragraph 1 of Schedule 4A to the Land Registration Act 2002.</p></content></hcontainer></subparagraph><subparagraph><num>(4)</num><intro><p>In sub-paragraph (1)<ref href="#d28e23785">(i)</ref>—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-owner">registered owner</term>”, in relation to a qualifying estate, means the person registered in the register kept under the <ref eId="c00017" href="http://www.legislation.gov.uk/id/apni/1970/18">Land Registration Act (Northern Ireland) 1970 (c. 18 (N.I.))</ref> as the owner of the estate;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-qualifying-estate">qualifying estate</term>” has the meaning given by paragraph 1 of Schedule 8A to the Land Registration Act (Northern Ireland) 1970.</p></content></hcontainer></subparagraph><subparagraph><num>(5)</num><intro><p>In sub-paragraph (1)<ref href="#d28e23791">(j)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>“<term refersTo="#term-lease">lease</term>”, “<term refersTo="#term-plot-of-land">plot of land</term>” and “<term refersTo="#term-proprietor">proprietor</term>” have the meanings given by section 113(1) of the Land Registration etc. (Scotland) Act 2012;</p></content></level><level class="para1"><num>(b)</num><content><p>the reference to an entity’s being entered as proprietor in the proprietorship section of a title sheet is a reference to the name of the entity being so entered.</p></content></level></subparagraph></quotedStructure></mod></p></content></level></section>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-158-a"><num>(a)</num><content><p><mod>in sub-paragraph (1), after paragraph (g) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1" eId="d28e23779"><num>(h)</num><content><p>if the entity is the registered proprietor of one or more qualifying estates in land in England and Wales, the title number of each of them;</p></content></level><level class="para1" eId="d28e23785"><num>(i)</num><content><p>if the entity is the registered owner of one or more qualifying estates in Northern Ireland, the folio number in respect of each of them;</p></content></level><level class="para1" eId="d28e23791"><num>(j)</num><intro><p>if the entity is—</p></intro><level class="para2"><num>(i)</num><content><p>entered as proprietor in the proprietorship section of the title sheet for one or more plots of land that are registered in the Land Register of Scotland, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the tenant under one or more leases registered in the Land Register of Scotland,</p></content></level><wrapUp><p>the title number of the title sheet, in respect of each of them, in which the entity’s interest is registered.</p></wrapUp></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-158-b"><num>(b)</num><content><p><mod>after sub-paragraph (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(3)</num><intro><p>In sub-paragraph (1)<ref href="#d28e23779">(h)</ref>—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-proprietor">registered proprietor</term>”, in relation to a qualifying estate, means the person entered as proprietor of the estate in the register of title kept by the Chief Land Registrar;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-qualifying-estate">qualifying estate</term>” has the meaning given by paragraph 1 of Schedule 4A to the Land Registration Act 2002.</p></content></hcontainer></subparagraph><subparagraph><num>(4)</num><intro><p>In sub-paragraph (1)<ref href="#d28e23785">(i)</ref>—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-registered-owner">registered owner</term>”, in relation to a qualifying estate, means the person registered in the register kept under the <ref eId="c00017" href="http://www.legislation.gov.uk/id/apni/1970/18">Land Registration Act (Northern Ireland) 1970 (c. 18 (N.I.))</ref> as the owner of the estate;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-qualifying-estate">qualifying estate</term>” has the meaning given by paragraph 1 of Schedule 8A to the Land Registration Act (Northern Ireland) 1970.</p></content></hcontainer></subparagraph><subparagraph><num>(5)</num><intro><p>In sub-paragraph (1)<ref href="#d28e23791">(j)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>“<term refersTo="#term-lease">lease</term>”, “<term refersTo="#term-plot-of-land">plot of land</term>” and “<term refersTo="#term-proprietor">proprietor</term>” have the meanings given by section 113(1) of the Land Registration etc. (Scotland) Act 2012;</p></content></level><level class="para1"><num>(b)</num><content><p>the reference to an entity’s being entered as proprietor in the proprietorship section of a title sheet is a reference to the name of the entity being so entered.</p></content></level></subparagraph></quotedStructure></mod></p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-159"><num>159</num><heading>Registration of information about trusts</heading><subsection eId="section-159-1"><num>(1)</num><content><p>Paragraph 8 of Schedule 1 to the Economic Crime (Transparency and Enforcement) Act 2022 (required information) is amended as follows.</p></content></subsection><subsection eId="section-159-2"><num>(2)</num><content><p><mod>In sub-paragraph (1), for paragraphs (d) to (f) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>the specified details of each beneficiary under the trust;</p></content></level><level class="para1"><num>(e)</num><intro><p>the specified details of each settlor or grantor and, in relation to any settlor or grantor that is a legal entity, the specified details of any person who at the time at which the trust is settled—</p></intro><level class="para2"><num>(i)</num><content><p>is a registrable beneficial owner in relation to that entity (if it is overseas entity), or</p></content></level><level class="para2"><num>(ii)</num><content><p>would be a registrable beneficial owner in relation to the entity if that entity were an overseas entity;</p></content></level></level><level class="para1"><num>(f)</num><content><p>the specified details of any interested person under the trust and the date on which they became an interested person.</p></content></level></quotedStructure></mod></p></content></subsection><subsection eId="section-159-3"><num>(3)</num><content><p><mod>After sub-paragraph (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(1A)</num><intro><p>In sub-paragraph (1)(d) to (f) “the specified details”—</p></intro><level class="para1"><num>(a)</num><intro><p>in relation to a person who is an individual, means—</p></intro><level class="para2"><num>(i)</num><content><p>name, date of birth and nationality;</p></content></level><level class="para2"><num>(ii)</num><content><p>usual residential address;</p></content></level><level class="para2"><num>(iii)</num><content><p>a service address;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>in relation to a person that is a legal entity, means—</p></intro><level class="para2"><num>(i)</num><content><p>name;</p></content></level><level class="para2"><num>(ii)</num><content><p>principal office;</p></content></level><level class="para2"><num>(iii)</num><content><p>a service address;</p></content></level><level class="para2"><num>(iv)</num><content><p>the legal form of the entity and the law by which it is governed;</p></content></level><level class="para2"><num>(v)</num><content><p>any public register in which it is entered and, if applicable, its registration number in that register.</p></content></level></level></subparagraph></quotedStructure></mod></p></content></subsection><subsection eId="section-159-4"><num>(4)</num><content><p><mod>In sub-paragraph (2), for “sub-paragraph (1)(c)” substitute <quotedText>“sub-paragraphs (1)(c) and (1A)(a)”</quotedText>.</mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-159-1"><num>(1)</num><content><p>Paragraph 8 of Schedule 1 to the Economic Crime (Transparency and Enforcement) Act 2022 (required information) is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-159-2"><num>(2)</num><content><p><mod>In sub-paragraph (1), for paragraphs (d) to (f) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>the specified details of each beneficiary under the trust;</p></content></level><level class="para1"><num>(e)</num><intro><p>the specified details of each settlor or grantor and, in relation to any settlor or grantor that is a legal entity, the specified details of any person who at the time at which the trust is settled—</p></intro><level class="para2"><num>(i)</num><content><p>is a registrable beneficial owner in relation to that entity (if it is overseas entity), or</p></content></level><level class="para2"><num>(ii)</num><content><p>would be a registrable beneficial owner in relation to the entity if that entity were an overseas entity;</p></content></level></level><level class="para1"><num>(f)</num><content><p>the specified details of any interested person under the trust and the date on which they became an interested person.</p></content></level></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-159-3"><num>(3)</num><content><p><mod>After sub-paragraph (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(1A)</num><intro><p>In sub-paragraph (1)(d) to (f) “the specified details”—</p></intro><level class="para1"><num>(a)</num><intro><p>in relation to a person who is an individual, means—</p></intro><level class="para2"><num>(i)</num><content><p>name, date of birth and nationality;</p></content></level><level class="para2"><num>(ii)</num><content><p>usual residential address;</p></content></level><level class="para2"><num>(iii)</num><content><p>a service address;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>in relation to a person that is a legal entity, means—</p></intro><level class="para2"><num>(i)</num><content><p>name;</p></content></level><level class="para2"><num>(ii)</num><content><p>principal office;</p></content></level><level class="para2"><num>(iii)</num><content><p>a service address;</p></content></level><level class="para2"><num>(iv)</num><content><p>the legal form of the entity and the law by which it is governed;</p></content></level><level class="para2"><num>(v)</num><content><p>any public register in which it is entered and, if applicable, its registration number in that register.</p></content></level></level></subparagraph></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-159-4"><num>(4)</num><content><p><mod>In sub-paragraph (2), for “sub-paragraph (1)(c)” substitute <quotedText>“sub-paragraphs (1)(c) and (1A)(a)”</quotedText>.</mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-160"><num>160</num><heading>Registration of information about managing officers: age limits</heading><subsection eId="section-160-1"><num>(1)</num><content><p>Schedule 1 to the Economic Crime (Transparency and Enforcement) Act 2022 (applications: required information) is amended as follows.</p></content></subsection><subsection eId="section-160-2"><num>(2)</num><content><p><mod>In paragraph 6(1), after paragraph (f) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(g)</num><content><p>if the officer is under the age of 16 years old, the name and contact details of an individual who is at least 16 years old and is willing to be contacted about the officer.</p></content></level></quotedStructure></mod></p></content></subsection><subsection eId="section-160-3"><num>(3)</num><content><p><mod>In paragraph 7(1), for paragraph (g) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(g)</num><content><p>the name and contact details of an individual who is at least 16 years old and is willing to be contacted about the officer.</p></content></level></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-160-1"><num>(1)</num><content><p>Schedule 1 to the Economic Crime (Transparency and Enforcement) Act 2022 (applications: required information) is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-160-2"><num>(2)</num><content><p><mod>In paragraph 6(1), after paragraph (f) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(g)</num><content><p>if the officer is under the age of 16 years old, the name and contact details of an individual who is at least 16 years old and is willing to be contacted about the officer.</p></content></level></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-160-3"><num>(3)</num><content><p><mod>In paragraph 7(1), for paragraph (g) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(g)</num><content><p>the name and contact details of an individual who is at least 16 years old and is willing to be contacted about the officer.</p></content></level></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-161"><num>161</num><heading>Registrable beneficial owners: cases involving trusts</heading><subsection eId="section-161-1"><num>(1)</num><content><p>Schedule 2 to the Economic Crime (Transparency and Enforcement) Act 2022 (registrable beneficial owners) is amended in accordance with subsections <ref href="#section-161-2">(2)</ref> to <ref href="#section-161-5">(5)</ref>.</p></content></subsection><subsection eId="section-161-2"><num>(2)</num><content><p><mod>In paragraph 3 (legal entities), in paragraph (b), after “(see Part 3)” insert <quotedText>“or is a beneficial owner of the overseas entity by virtue of being a trustee”</quotedText>.</mod></p></content></subsection><subsection eId="section-161-3"><num>(3)</num><content><p><mod>In paragraph 8 (beneficial owners exempt from registration), after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>the person is not a beneficial owner of the overseas entity by virtue of being a trustee,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-161-4"><num>(4)</num><content><p><mod>For the heading of Part 6 substitute <quotedText>“Powers to amend this Schedule”</quotedText>.</mod></p></content></subsection><subsection eId="section-161-5"><num>(5)</num><content><p><mod>Before paragraph 25 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="crossheading" class="schGroup7"><heading>Expansion of meaning of “registrable beneficial owner” where trusts in view</heading><paragraph class="schProv1"><num>24A</num><subparagraph><num>(1)</num><content><p>The Secretary of State may by regulations amend this Schedule so as to expand the description of persons who are registrable beneficial owners of an overseas entity in circumstances where the overseas entity is part of a chain of entities that includes a trustee.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>For these purposes an overseas entity is part of a chain of entities that includes a trustee if there is a legal entity which is a beneficial owner of it by virtue of being a trustee.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>Regulations under this paragraph are subject to the affirmative resolution procedure.</p></content></subparagraph></paragraph></hcontainer><heading ukl:Context="P1group">Power to amend thresholds etc</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-161-6"><num>(6)</num><content><p>Regulation 14 of the Register of Overseas Entities (Delivery, Protection and Trust Services) Regulations 2022 (<ref eId="c00018" href="http://www.legislation.gov.uk/id/uksi/2022/870">S.I. 2022/870</ref>) (description of legal entity subject to its own disclosure requirements) is revoked.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-161-1"><num>(1)</num><content><p>Schedule 2 to the Economic Crime (Transparency and Enforcement) Act 2022 (registrable beneficial owners) is amended in accordance with subsections <ref href="#section-161-2">(2)</ref> to <ref href="#section-161-5">(5)</ref>.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-161-2"><num>(2)</num><content><p><mod>In paragraph 3 (legal entities), in paragraph (b), after “(see Part 3)” insert <quotedText>“or is a beneficial owner of the overseas entity by virtue of being a trustee”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-161-3"><num>(3)</num><content><p><mod>In paragraph 8 (beneficial owners exempt from registration), after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>the person is not a beneficial owner of the overseas entity by virtue of being a trustee,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-161-4"><num>(4)</num><content><p><mod>For the heading of Part 6 substitute <quotedText>“Powers to amend this Schedule”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-161-5"><num>(5)</num><content><p><mod>Before paragraph 25 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="crossheading" class="schGroup7"><heading>Expansion of meaning of “registrable beneficial owner” where trusts in view</heading><paragraph class="schProv1"><num>24A</num><subparagraph><num>(1)</num><content><p>The Secretary of State may by regulations amend this Schedule so as to expand the description of persons who are registrable beneficial owners of an overseas entity in circumstances where the overseas entity is part of a chain of entities that includes a trustee.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>For these purposes an overseas entity is part of a chain of entities that includes a trustee if there is a legal entity which is a beneficial owner of it by virtue of being a trustee.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>Regulations under this paragraph are subject to the affirmative resolution procedure.</p></content></subparagraph></paragraph></hcontainer><heading ukl:Context="P1group">Power to amend thresholds etc</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-161-6"><num>(6)</num><content><p>Regulation 14 of the Register of Overseas Entities (Delivery, Protection and Trust Services) Regulations 2022 (<ref eId="c00018" href="http://www.legislation.gov.uk/id/uksi/2022/870">S.I. 2022/870</ref>) (description of legal entity subject to its own disclosure requirements) is revoked.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-162"><num>162</num><heading>Registrable beneficial owners: nominees</heading><subsection eId="section-162-1"><num>(1)</num><content><p>The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows.</p></content></subsection><subsection eId="section-162-2"><num>(2)</num><intro><p>In Schedule 1 (required information)—</p></intro><level class="para1" eId="section-162-2-a"><num>(a)</num><content><p><mod>in paragraph 3(1), for paragraphs (e) and (f) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>whether the individual is a registrable beneficial owner by virtue of paragraph 2(1) of Schedule 2 or paragraph 2(2) of that Schedule;</p></content></level><level class="para1"><num>(f)</num><intro><p>if the individual is a registrable beneficial owner by virtue of paragraph 2(1) of Schedule 2—</p></intro><level class="para2"><num>(i)</num><content><p>a statement as to which of the conditions in paragraph 6 of that Schedule is met and why, and</p></content></level><level class="para2"><num>(ii)</num><content><p>a statement as to whether that condition is met by virtue of the individual being a trustee;</p></content></level></level><level class="para1"><num>(fa)</num><content><p>if the individual is a registrable beneficial owner by virtue of paragraph 2(2) of Schedule 2, a statement as to which of the conditions in paragraph 6A of that Schedule is met and why;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-162-2-b"><num>(b)</num><content><p><mod>in paragraph 4, for sub-paragraph (f) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(f)</num><content><p>whether the government or public authority is a registrable beneficial owner by virtue of paragraph 4(1) of Schedule 2 or paragraph 4(2) of that Schedule;</p></content></level><level class="para1"><num>(fa)</num><content><p>if the government or public authority is a registrable beneficial owner by virtue of paragraph 4(1) of Schedule 2, a statement as to which of the conditions in paragraph 6 of that Schedule is met and why;</p></content></level><level class="para1"><num>(fb)</num><content><p>if the government or public authority is a registrable beneficial owner by virtue of paragraph 4(2) of Schedule 2, a statement as to which of the conditions in paragraph 6A of that Schedule is met and why;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-162-2-c"><num>(c)</num><content><p><mod>in paragraph 5(1), for paragraphs (g) and (h) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(g)</num><content><p>whether the entity is a registrable beneficial owner by virtue of paragraph 3(1) of Schedule 2 or paragraph 3(2) of that Schedule;</p></content></level><level class="para1"><num>(h)</num><intro><p>if the entity is a registrable beneficial owner by virtue of paragraph 3(1) of Schedule 2—</p></intro><level class="para2"><num>(i)</num><content><p>a statement as to which of the conditions in paragraph 6 of that Schedule is met and why, and</p></content></level><level class="para2"><num>(ii)</num><content><p>a statement as to whether that condition is met by virtue of the entity being a trustee;</p></content></level></level><level class="para1"><num>(ha)</num><content><p>if the entity is a registrable beneficial owner by virtue of paragraph 3(2) of Schedule 2, a statement as to which of the conditions in paragraph 6A of that Schedule is met and why;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subsection><subsection eId="section-162-3"><num>(3)</num><intro><p>In Schedule 2 (registrable beneficial owners)—</p></intro><level class="para1" eId="section-162-3-a"><num>(a)</num><intro><p>in paragraph 2—</p></intro><level class="para2" eId="section-162-3-a-i"><num>(i)</num><content><p>the existing text becomes sub-paragraph (1);</p></content></level><level class="para2" eId="section-162-3-a-ii"><num>(ii)</num><content><p><mod>in paragraph (a) of that sub-paragraph, for “(see Part 2)” substitute <quotedText>“by virtue of paragraph 6”</quotedText>;</mod></p></content></level><level class="para2" eId="section-162-3-a-iii"><num>(iii)</num><content><p><mod>after that sub-paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2)</num><content><p>An individual is also a “<term refersTo="#term-registrable-beneficial-owner">registrable beneficial owner</term>” in relation to an overseas entity if the individual is treated as a beneficial owner of the overseas entity by virtue of paragraph 6A.</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="section-162-3-b"><num>(b)</num><intro><p>in paragraph 3—</p></intro><level class="para2" eId="section-162-3-b-i"><num>(i)</num><content><p>the existing text becomes sub-paragraph (1);</p></content></level><level class="para2" eId="section-162-3-b-ii"><num>(ii)</num><content><p><mod>in paragraph (a) of that sub-paragraph, for “(see Part 2)” substitute <quotedText>“by virtue of paragraph 6”</quotedText>;</mod></p></content></level><level class="para2" eId="section-162-3-b-iii"><num>(iii)</num><content><p><mod>after that sub-paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2)</num><content><p>A legal entity other than a government or public authority is also a “<term refersTo="#term-registrable-beneficial-owner">registrable beneficial owner</term>” in relation to an overseas entity if it is treated as a beneficial owner of the overseas entity by virtue of paragraph 6A.</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="section-162-3-c"><num>(c)</num><intro><p>in paragraph 4—</p></intro><level class="para2" eId="section-162-3-c-i"><num>(i)</num><content><p>the existing text becomes sub-paragraph (1);</p></content></level><level class="para2" eId="section-162-3-c-ii"><num>(ii)</num><content><p><mod>in that sub-paragraph, for “(see Part 2)” substitute <quotedText>“by virtue of paragraph 6”</quotedText>;</mod></p></content></level><level class="para2" eId="section-162-3-c-iii"><num>(iii)</num><content><p><mod>after that sub-paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2)</num><content><p>A government or public authority is also a “<term refersTo="#term-registrable-beneficial-owner">registrable beneficial owner</term>” in relation to an overseas entity if it is treated as a beneficial owner of the overseas entity by virtue of paragraph 6A.</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="section-162-3-d"><num>(d)</num><content><p><mod>after paragraph 6 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="crossheading" class="schGroup7"><heading>Persons treated as beneficial owners where entity holds land as nominee</heading><paragraph class="schProv1"><num>6A</num><content><p>A person (“<term refersTo="#term-x">X</term>”) is to be treated as a beneficial owner of an overseas entity (“<term refersTo="#term-y">Y</term>”) if one or more of the following conditions are met.</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p><i>Y holds land in England or Wales as nominee for X</i></p><p>Condition 1 is that Y—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>is registered in the register of title kept under the Land Registration Act 2002 as the proprietor of a qualifying estate within the meaning of Schedule 4A to that Act,</p></item><item><num>(b)</num><p>became so registered in pursuance of an application made on or after 1 January 1999, and</p></item><item><num>(c)</num><p>holds the qualifying estate as nominee for—</p><blockList class="ordered roman parens" ukl:Name="OrderedList" ukl:Type="roman" ukl:Decoration="parens"><item><num>(i)</num><p>X, or</p></item><item><num>(ii)</num><p>an entity of which X is a beneficial owner by virtue of paragraph 6.</p></item></blockList></item></blockList></item><item><p><i>Y holds land in Scotland as nominee for X</i></p><p>Condition 2 is that—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>Y—</p><blockList class="ordered roman parens" ukl:Name="OrderedList" ukl:Type="roman" ukl:Decoration="parens"><item><num>(i)</num><p>holds an interest in land by virtue of being entered, on or after 8 December 2014, as proprietor in the proprietorship section of the title sheet for a plot of land that is registered in the Land Register of Scotland,</p></item><item><num>(ii)</num><p>is, in relation to a lease that was recorded in the General Register of Sasines or registered in the Land Register of Scotland before that date, by virtue of an assignation of the lease registered in the Land Register of Scotland on or after that date, the tenant under the lease, or</p></item><item><num>(iii)</num><p>is the tenant under a lease that was registered in the Land Register of Scotland on or after that date, and</p></item></blockList></item><item><num>(b)</num><p>Y holds the interest in land referred to in paragraph (a)(i), (ii) or (iii) as nominee for—</p><blockList class="ordered roman parens" ukl:Name="OrderedList" ukl:Type="roman" ukl:Decoration="parens"><item><num>(i)</num><p>X, or</p></item><item><num>(ii)</num><p>an entity of which X is a beneficial owner by virtue of paragraph 6.</p></item></blockList></item></blockList></item><item><p><i>Y holds land in Northern Ireland as nominee for X</i></p><p>Condition 3 is that Y—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>is registered in the register kept under the <ref eId="c00019" href="http://www.legislation.gov.uk/id/apni/1970/18">and Registration Act (Northern Ireland) 1970 (c. 18 (N.I.))</ref> as the owner of a qualifying estate within the meaning of Schedule 8A to that Act,</p></item><item><num>(b)</num><p>became so registered on or after the day on which that Schedule came into force, and</p></item><item><num>(c)</num><p>holds the qualifying estate as nominee for—</p><blockList class="ordered roman parens" ukl:Name="OrderedList" ukl:Type="roman" ukl:Decoration="parens"><item><num>(i)</num><p>X, or</p></item><item><num>(ii)</num><p>an entity of which X is a beneficial owner by virtue of paragraph 6.</p></item></blockList></item></blockList></item></blockList></content></paragraph></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-162-3-e"><num>(e)</num><content><p><mod>in paragraph 8, for “paragraphs 2(b) and 3(c)” substitute <quotedText>“paragraphs 2(1)(b) and 3(1)(c)”</quotedText>.</mod></p></content></level></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-162-1"><num>(1)</num><content><p>The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-162-2"><num>(2)</num><intro><p>In Schedule 1 (required information)—</p></intro><level class="para1" eId="section-162-2-a"><num>(a)</num><content><p><mod>in paragraph 3(1), for paragraphs (e) and (f) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>whether the individual is a registrable beneficial owner by virtue of paragraph 2(1) of Schedule 2 or paragraph 2(2) of that Schedule;</p></content></level><level class="para1"><num>(f)</num><intro><p>if the individual is a registrable beneficial owner by virtue of paragraph 2(1) of Schedule 2—</p></intro><level class="para2"><num>(i)</num><content><p>a statement as to which of the conditions in paragraph 6 of that Schedule is met and why, and</p></content></level><level class="para2"><num>(ii)</num><content><p>a statement as to whether that condition is met by virtue of the individual being a trustee;</p></content></level></level><level class="para1"><num>(fa)</num><content><p>if the individual is a registrable beneficial owner by virtue of paragraph 2(2) of Schedule 2, a statement as to which of the conditions in paragraph 6A of that Schedule is met and why;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-162-2-b"><num>(b)</num><content><p><mod>in paragraph 4, for sub-paragraph (f) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(f)</num><content><p>whether the government or public authority is a registrable beneficial owner by virtue of paragraph 4(1) of Schedule 2 or paragraph 4(2) of that Schedule;</p></content></level><level class="para1"><num>(fa)</num><content><p>if the government or public authority is a registrable beneficial owner by virtue of paragraph 4(1) of Schedule 2, a statement as to which of the conditions in paragraph 6 of that Schedule is met and why;</p></content></level><level class="para1"><num>(fb)</num><content><p>if the government or public authority is a registrable beneficial owner by virtue of paragraph 4(2) of Schedule 2, a statement as to which of the conditions in paragraph 6A of that Schedule is met and why;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-162-2-c"><num>(c)</num><content><p><mod>in paragraph 5(1), for paragraphs (g) and (h) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(g)</num><content><p>whether the entity is a registrable beneficial owner by virtue of paragraph 3(1) of Schedule 2 or paragraph 3(2) of that Schedule;</p></content></level><level class="para1"><num>(h)</num><intro><p>if the entity is a registrable beneficial owner by virtue of paragraph 3(1) of Schedule 2—</p></intro><level class="para2"><num>(i)</num><content><p>a statement as to which of the conditions in paragraph 6 of that Schedule is met and why, and</p></content></level><level class="para2"><num>(ii)</num><content><p>a statement as to whether that condition is met by virtue of the entity being a trustee;</p></content></level></level><level class="para1"><num>(ha)</num><content><p>if the entity is a registrable beneficial owner by virtue of paragraph 3(2) of Schedule 2, a statement as to which of the conditions in paragraph 6A of that Schedule is met and why;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-162-2-a"><num>(a)</num><content><p><mod>in paragraph 3(1), for paragraphs (e) and (f) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>whether the individual is a registrable beneficial owner by virtue of paragraph 2(1) of Schedule 2 or paragraph 2(2) of that Schedule;</p></content></level><level class="para1"><num>(f)</num><intro><p>if the individual is a registrable beneficial owner by virtue of paragraph 2(1) of Schedule 2—</p></intro><level class="para2"><num>(i)</num><content><p>a statement as to which of the conditions in paragraph 6 of that Schedule is met and why, and</p></content></level><level class="para2"><num>(ii)</num><content><p>a statement as to whether that condition is met by virtue of the individual being a trustee;</p></content></level></level><level class="para1"><num>(fa)</num><content><p>if the individual is a registrable beneficial owner by virtue of paragraph 2(2) of Schedule 2, a statement as to which of the conditions in paragraph 6A of that Schedule is met and why;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-162-2-b"><num>(b)</num><content><p><mod>in paragraph 4, for sub-paragraph (f) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(f)</num><content><p>whether the government or public authority is a registrable beneficial owner by virtue of paragraph 4(1) of Schedule 2 or paragraph 4(2) of that Schedule;</p></content></level><level class="para1"><num>(fa)</num><content><p>if the government or public authority is a registrable beneficial owner by virtue of paragraph 4(1) of Schedule 2, a statement as to which of the conditions in paragraph 6 of that Schedule is met and why;</p></content></level><level class="para1"><num>(fb)</num><content><p>if the government or public authority is a registrable beneficial owner by virtue of paragraph 4(2) of Schedule 2, a statement as to which of the conditions in paragraph 6A of that Schedule is met and why;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-162-2-c"><num>(c)</num><content><p><mod>in paragraph 5(1), for paragraphs (g) and (h) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(g)</num><content><p>whether the entity is a registrable beneficial owner by virtue of paragraph 3(1) of Schedule 2 or paragraph 3(2) of that Schedule;</p></content></level><level class="para1"><num>(h)</num><intro><p>if the entity is a registrable beneficial owner by virtue of paragraph 3(1) of Schedule 2—</p></intro><level class="para2"><num>(i)</num><content><p>a statement as to which of the conditions in paragraph 6 of that Schedule is met and why, and</p></content></level><level class="para2"><num>(ii)</num><content><p>a statement as to whether that condition is met by virtue of the entity being a trustee;</p></content></level></level><level class="para1"><num>(ha)</num><content><p>if the entity is a registrable beneficial owner by virtue of paragraph 3(2) of Schedule 2, a statement as to which of the conditions in paragraph 6A of that Schedule is met and why;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-162-3"><num>(3)</num><intro><p>In Schedule 2 (registrable beneficial owners)—</p></intro><level class="para1" eId="section-162-3-a"><num>(a)</num><intro><p>in paragraph 2—</p></intro><level class="para2" eId="section-162-3-a-i"><num>(i)</num><content><p>the existing text becomes sub-paragraph (1);</p></content></level><level class="para2" eId="section-162-3-a-ii"><num>(ii)</num><content><p><mod>in paragraph (a) of that sub-paragraph, for “(see Part 2)” substitute <quotedText>“by virtue of paragraph 6”</quotedText>;</mod></p></content></level><level class="para2" eId="section-162-3-a-iii"><num>(iii)</num><content><p><mod>after that sub-paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2)</num><content><p>An individual is also a “<term refersTo="#term-registrable-beneficial-owner">registrable beneficial owner</term>” in relation to an overseas entity if the individual is treated as a beneficial owner of the overseas entity by virtue of paragraph 6A.</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="section-162-3-b"><num>(b)</num><intro><p>in paragraph 3—</p></intro><level class="para2" eId="section-162-3-b-i"><num>(i)</num><content><p>the existing text becomes sub-paragraph (1);</p></content></level><level class="para2" eId="section-162-3-b-ii"><num>(ii)</num><content><p><mod>in paragraph (a) of that sub-paragraph, for “(see Part 2)” substitute <quotedText>“by virtue of paragraph 6”</quotedText>;</mod></p></content></level><level class="para2" eId="section-162-3-b-iii"><num>(iii)</num><content><p><mod>after that sub-paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2)</num><content><p>A legal entity other than a government or public authority is also a “<term refersTo="#term-registrable-beneficial-owner">registrable beneficial owner</term>” in relation to an overseas entity if it is treated as a beneficial owner of the overseas entity by virtue of paragraph 6A.</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="section-162-3-c"><num>(c)</num><intro><p>in paragraph 4—</p></intro><level class="para2" eId="section-162-3-c-i"><num>(i)</num><content><p>the existing text becomes sub-paragraph (1);</p></content></level><level class="para2" eId="section-162-3-c-ii"><num>(ii)</num><content><p><mod>in that sub-paragraph, for “(see Part 2)” substitute <quotedText>“by virtue of paragraph 6”</quotedText>;</mod></p></content></level><level class="para2" eId="section-162-3-c-iii"><num>(iii)</num><content><p><mod>after that sub-paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2)</num><content><p>A government or public authority is also a “<term refersTo="#term-registrable-beneficial-owner">registrable beneficial owner</term>” in relation to an overseas entity if it is treated as a beneficial owner of the overseas entity by virtue of paragraph 6A.</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="section-162-3-d"><num>(d)</num><content><p><mod>after paragraph 6 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="crossheading" class="schGroup7"><heading>Persons treated as beneficial owners where entity holds land as nominee</heading><paragraph class="schProv1"><num>6A</num><content><p>A person (“<term refersTo="#term-x">X</term>”) is to be treated as a beneficial owner of an overseas entity (“<term refersTo="#term-y">Y</term>”) if one or more of the following conditions are met.</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p><i>Y holds land in England or Wales as nominee for X</i></p><p>Condition 1 is that Y—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>is registered in the register of title kept under the Land Registration Act 2002 as the proprietor of a qualifying estate within the meaning of Schedule 4A to that Act,</p></item><item><num>(b)</num><p>became so registered in pursuance of an application made on or after 1 January 1999, and</p></item><item><num>(c)</num><p>holds the qualifying estate as nominee for—</p><blockList class="ordered roman parens" ukl:Name="OrderedList" ukl:Type="roman" ukl:Decoration="parens"><item><num>(i)</num><p>X, or</p></item><item><num>(ii)</num><p>an entity of which X is a beneficial owner by virtue of paragraph 6.</p></item></blockList></item></blockList></item><item><p><i>Y holds land in Scotland as nominee for X</i></p><p>Condition 2 is that—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>Y—</p><blockList class="ordered roman parens" ukl:Name="OrderedList" ukl:Type="roman" ukl:Decoration="parens"><item><num>(i)</num><p>holds an interest in land by virtue of being entered, on or after 8 December 2014, as proprietor in the proprietorship section of the title sheet for a plot of land that is registered in the Land Register of Scotland,</p></item><item><num>(ii)</num><p>is, in relation to a lease that was recorded in the General Register of Sasines or registered in the Land Register of Scotland before that date, by virtue of an assignation of the lease registered in the Land Register of Scotland on or after that date, the tenant under the lease, or</p></item><item><num>(iii)</num><p>is the tenant under a lease that was registered in the Land Register of Scotland on or after that date, and</p></item></blockList></item><item><num>(b)</num><p>Y holds the interest in land referred to in paragraph (a)(i), (ii) or (iii) as nominee for—</p><blockList class="ordered roman parens" ukl:Name="OrderedList" ukl:Type="roman" ukl:Decoration="parens"><item><num>(i)</num><p>X, or</p></item><item><num>(ii)</num><p>an entity of which X is a beneficial owner by virtue of paragraph 6.</p></item></blockList></item></blockList></item><item><p><i>Y holds land in Northern Ireland as nominee for X</i></p><p>Condition 3 is that Y—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>is registered in the register kept under the <ref eId="c00019" href="http://www.legislation.gov.uk/id/apni/1970/18">and Registration Act (Northern Ireland) 1970 (c. 18 (N.I.))</ref> as the owner of a qualifying estate within the meaning of Schedule 8A to that Act,</p></item><item><num>(b)</num><p>became so registered on or after the day on which that Schedule came into force, and</p></item><item><num>(c)</num><p>holds the qualifying estate as nominee for—</p><blockList class="ordered roman parens" ukl:Name="OrderedList" ukl:Type="roman" ukl:Decoration="parens"><item><num>(i)</num><p>X, or</p></item><item><num>(ii)</num><p>an entity of which X is a beneficial owner by virtue of paragraph 6.</p></item></blockList></item></blockList></item></blockList></content></paragraph></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-162-3-e"><num>(e)</num><content><p><mod>in paragraph 8, for “paragraphs 2(b) and 3(c)” substitute <quotedText>“paragraphs 2(1)(b) and 3(1)(c)”</quotedText>.</mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-162-3-a"><num>(a)</num><intro><p>in paragraph 2—</p></intro><level class="para2" eId="section-162-3-a-i"><num>(i)</num><content><p>the existing text becomes sub-paragraph (1);</p></content></level><level class="para2" eId="section-162-3-a-ii"><num>(ii)</num><content><p><mod>in paragraph (a) of that sub-paragraph, for “(see Part 2)” substitute <quotedText>“by virtue of paragraph 6”</quotedText>;</mod></p></content></level><level class="para2" eId="section-162-3-a-iii"><num>(iii)</num><content><p><mod>after that sub-paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2)</num><content><p>An individual is also a “<term refersTo="#term-registrable-beneficial-owner">registrable beneficial owner</term>” in relation to an overseas entity if the individual is treated as a beneficial owner of the overseas entity by virtue of paragraph 6A.</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-162-3-a-i"><num>(i)</num><content><p>the existing text becomes sub-paragraph (1);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-162-3-a-ii"><num>(ii)</num><content><p><mod>in paragraph (a) of that sub-paragraph, for “(see Part 2)” substitute <quotedText>“by virtue of paragraph 6”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="section-162-3-a-iii"><num>(iii)</num><content><p><mod>after that sub-paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2)</num><content><p>An individual is also a “<term refersTo="#term-registrable-beneficial-owner">registrable beneficial owner</term>” in relation to an overseas entity if the individual is treated as a beneficial owner of the overseas entity by virtue of paragraph 6A.</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-162-3-b"><num>(b)</num><intro><p>in paragraph 3—</p></intro><level class="para2" eId="section-162-3-b-i"><num>(i)</num><content><p>the existing text becomes sub-paragraph (1);</p></content></level><level class="para2" eId="section-162-3-b-ii"><num>(ii)</num><content><p><mod>in paragraph (a) of that sub-paragraph, for “(see Part 2)” substitute <quotedText>“by virtue of paragraph 6”</quotedText>;</mod></p></content></level><level class="para2" eId="section-162-3-b-iii"><num>(iii)</num><content><p><mod>after that sub-paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2)</num><content><p>A legal entity other than a government or public authority is also a “<term refersTo="#term-registrable-beneficial-owner">registrable beneficial owner</term>” in relation to an overseas entity if it is treated as a beneficial owner of the overseas entity by virtue of paragraph 6A.</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-162-3-b-i"><num>(i)</num><content><p>the existing text becomes sub-paragraph (1);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-162-3-b-ii"><num>(ii)</num><content><p><mod>in paragraph (a) of that sub-paragraph, for “(see Part 2)” substitute <quotedText>“by virtue of paragraph 6”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="section-162-3-b-iii"><num>(iii)</num><content><p><mod>after that sub-paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2)</num><content><p>A legal entity other than a government or public authority is also a “<term refersTo="#term-registrable-beneficial-owner">registrable beneficial owner</term>” in relation to an overseas entity if it is treated as a beneficial owner of the overseas entity by virtue of paragraph 6A.</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-162-3-c"><num>(c)</num><intro><p>in paragraph 4—</p></intro><level class="para2" eId="section-162-3-c-i"><num>(i)</num><content><p>the existing text becomes sub-paragraph (1);</p></content></level><level class="para2" eId="section-162-3-c-ii"><num>(ii)</num><content><p><mod>in that sub-paragraph, for “(see Part 2)” substitute <quotedText>“by virtue of paragraph 6”</quotedText>;</mod></p></content></level><level class="para2" eId="section-162-3-c-iii"><num>(iii)</num><content><p><mod>after that sub-paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2)</num><content><p>A government or public authority is also a “<term refersTo="#term-registrable-beneficial-owner">registrable beneficial owner</term>” in relation to an overseas entity if it is treated as a beneficial owner of the overseas entity by virtue of paragraph 6A.</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-162-3-c-i"><num>(i)</num><content><p>the existing text becomes sub-paragraph (1);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-162-3-c-ii"><num>(ii)</num><content><p><mod>in that sub-paragraph, for “(see Part 2)” substitute <quotedText>“by virtue of paragraph 6”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="section-162-3-c-iii"><num>(iii)</num><content><p><mod>after that sub-paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2)</num><content><p>A government or public authority is also a “<term refersTo="#term-registrable-beneficial-owner">registrable beneficial owner</term>” in relation to an overseas entity if it is treated as a beneficial owner of the overseas entity by virtue of paragraph 6A.</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-162-3-d"><num>(d)</num><content><p><mod>after paragraph 6 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="crossheading" class="schGroup7"><heading>Persons treated as beneficial owners where entity holds land as nominee</heading><paragraph class="schProv1"><num>6A</num><content><p>A person (“<term refersTo="#term-x">X</term>”) is to be treated as a beneficial owner of an overseas entity (“<term refersTo="#term-y">Y</term>”) if one or more of the following conditions are met.</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p><i>Y holds land in England or Wales as nominee for X</i></p><p>Condition 1 is that Y—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>is registered in the register of title kept under the Land Registration Act 2002 as the proprietor of a qualifying estate within the meaning of Schedule 4A to that Act,</p></item><item><num>(b)</num><p>became so registered in pursuance of an application made on or after 1 January 1999, and</p></item><item><num>(c)</num><p>holds the qualifying estate as nominee for—</p><blockList class="ordered roman parens" ukl:Name="OrderedList" ukl:Type="roman" ukl:Decoration="parens"><item><num>(i)</num><p>X, or</p></item><item><num>(ii)</num><p>an entity of which X is a beneficial owner by virtue of paragraph 6.</p></item></blockList></item></blockList></item><item><p><i>Y holds land in Scotland as nominee for X</i></p><p>Condition 2 is that—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>Y—</p><blockList class="ordered roman parens" ukl:Name="OrderedList" ukl:Type="roman" ukl:Decoration="parens"><item><num>(i)</num><p>holds an interest in land by virtue of being entered, on or after 8 December 2014, as proprietor in the proprietorship section of the title sheet for a plot of land that is registered in the Land Register of Scotland,</p></item><item><num>(ii)</num><p>is, in relation to a lease that was recorded in the General Register of Sasines or registered in the Land Register of Scotland before that date, by virtue of an assignation of the lease registered in the Land Register of Scotland on or after that date, the tenant under the lease, or</p></item><item><num>(iii)</num><p>is the tenant under a lease that was registered in the Land Register of Scotland on or after that date, and</p></item></blockList></item><item><num>(b)</num><p>Y holds the interest in land referred to in paragraph (a)(i), (ii) or (iii) as nominee for—</p><blockList class="ordered roman parens" ukl:Name="OrderedList" ukl:Type="roman" ukl:Decoration="parens"><item><num>(i)</num><p>X, or</p></item><item><num>(ii)</num><p>an entity of which X is a beneficial owner by virtue of paragraph 6.</p></item></blockList></item></blockList></item><item><p><i>Y holds land in Northern Ireland as nominee for X</i></p><p>Condition 3 is that Y—</p><blockList class="ordered alpha parens" ukl:Name="OrderedList" ukl:Type="alpha" ukl:Decoration="parens"><item><num>(a)</num><p>is registered in the register kept under the <ref eId="c00019" href="http://www.legislation.gov.uk/id/apni/1970/18">and Registration Act (Northern Ireland) 1970 (c. 18 (N.I.))</ref> as the owner of a qualifying estate within the meaning of Schedule 8A to that Act,</p></item><item><num>(b)</num><p>became so registered on or after the day on which that Schedule came into force, and</p></item><item><num>(c)</num><p>holds the qualifying estate as nominee for—</p><blockList class="ordered roman parens" ukl:Name="OrderedList" ukl:Type="roman" ukl:Decoration="parens"><item><num>(i)</num><p>X, or</p></item><item><num>(ii)</num><p>an entity of which X is a beneficial owner by virtue of paragraph 6.</p></item></blockList></item></blockList></item></blockList></content></paragraph></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-162-3-e"><num>(e)</num><content><p><mod>in paragraph 8, for “paragraphs 2(b) and 3(c)” substitute <quotedText>“paragraphs 2(1)(b) and 3(1)(c)”</quotedText>.</mod></p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-163"><num>163</num><heading>Information about changes in beneficiaries under trusts</heading><subsection eId="section-163-1"><num>(1)</num><content><p>Schedule 6 (duty to deliver information about changes in beneficiaries) imposes further duties on registered overseas entities to deliver information.</p></content></subsection><subsection eId="section-163-2"><num>(2)</num><content><p>The amendments made by paragraph <ref href="#schedule-6-paragraph-2">2</ref> of Schedule 6 do not apply in relation to any statements or information delivered to the registrar under section 7 of the Economic Crime (Transparency and Enforcement) Act 2022 during the period of 3 months beginning when that paragraph comes fully into force.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-163-1"><num>(1)</num><content><p>Schedule 6 (duty to deliver information about changes in beneficiaries) imposes further duties on registered overseas entities to deliver information.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-163-2"><num>(2)</num><content><p>The amendments made by paragraph <ref href="#schedule-6-paragraph-2">2</ref> of Schedule 6 do not apply in relation to any statements or information delivered to the registrar under section 7 of the Economic Crime (Transparency and Enforcement) Act 2022 during the period of 3 months beginning when that paragraph comes fully into force.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-164"><num>164</num><heading>Applications for removal</heading><subsection eId="section-164-1"><num>(1)</num><content><p>Section 10 of the Economic Crime (Transparency and Enforcement) Act 2022 (processing of application for removal) is amended as follows.</p></content></subsection><subsection eId="section-164-2"><num>(2)</num><content><p><mod>In subsection (2), after “land” insert <quotedText>“and there are no updates pending”</quotedText>.</mod></p></content></subsection><subsection eId="section-164-3"><num>(3)</num><content><p><mod>In subsection (3), after “land” insert <quotedText>“or there is an update pending”</quotedText>.</mod></p></content></subsection><subsection eId="section-164-4"><num>(4)</num><content><p><mod>After subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><intro><p>For the purposes of subsections (2) and (3) an update is pending if—</p></intro><level class="para1"><num>(a)</num><content><p>an update period for the entity has ended and the entity has not yet complied with the duty under section 7 in respect of that period, or</p></content></level><level class="para1"><num>(b)</num><content><p>the entity is required to deliver information under Schedule 6 but has not yet done so.</p></content></level></subsection></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-164-1"><num>(1)</num><content><p>Section 10 of the Economic Crime (Transparency and Enforcement) Act 2022 (processing of application for removal) is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-164-2"><num>(2)</num><content><p><mod>In subsection (2), after “land” insert <quotedText>“and there are no updates pending”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-164-3"><num>(3)</num><content><p><mod>In subsection (3), after “land” insert <quotedText>“or there is an update pending”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-164-4"><num>(4)</num><content><p><mod>After subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3A)</num><intro><p>For the purposes of subsections (2) and (3) an update is pending if—</p></intro><level class="para1"><num>(a)</num><content><p>an update period for the entity has ended and the entity has not yet complied with the duty under section 7 in respect of that period, or</p></content></level><level class="para1"><num>(b)</num><content><p>the entity is required to deliver information under Schedule 6 but has not yet done so.</p></content></level></subsection></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-165"><num>165</num><heading>Verification of registrable beneficial owners and managing officers</heading><subsection eId="section-165-1"><num>(1)</num><content><p>Section 16 of the Economic Crime (Transparency and Enforcement) Act 2022 (verification of registrable beneficial owners and managing officers) is amended as follows.</p></content></subsection><subsection eId="section-165-2"><num>(2)</num><intro><p>In subsection (2)—</p></intro><level class="para1" eId="section-165-2-a"><num>(a)</num><content><p><mod>after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>about how the information is to be verified (including provision about the kinds or sources of evidence to be used);</p></content></level><level class="para1"><num>(ab)</num><content><p>about the standard to which verification is to be carried out;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-165-2-b"><num>(b)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>about the records that must be kept in connection with verification;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-165-2-c"><num>(c)</num><content><p><mod>after paragraph (d) (inserted by section 166 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>about the information that must be provided to the registrar to enable the registrar to monitor compliance with any requirements imposed by the regulations.</p></content></level></quotedStructure></mod></p></content></level></subsection><subsection eId="section-165-3"><num>(3)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>Regulations under this section may create offences in relation to failures to comply with requirements imposed by virtue of subsection (2)(ba) or (e).</p></content></subsection><subsection><num>(2B)</num><intro><p>The regulations must provide for any such offence to be punishable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, by a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, by a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, by a fine not exceeding level 5 on the standard scale.</p></content></level></subsection></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-165-1"><num>(1)</num><content><p>Section 16 of the Economic Crime (Transparency and Enforcement) Act 2022 (verification of registrable beneficial owners and managing officers) is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-165-2"><num>(2)</num><intro><p>In subsection (2)—</p></intro><level class="para1" eId="section-165-2-a"><num>(a)</num><content><p><mod>after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>about how the information is to be verified (including provision about the kinds or sources of evidence to be used);</p></content></level><level class="para1"><num>(ab)</num><content><p>about the standard to which verification is to be carried out;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-165-2-b"><num>(b)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>about the records that must be kept in connection with verification;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-165-2-c"><num>(c)</num><content><p><mod>after paragraph (d) (inserted by section 166 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>about the information that must be provided to the registrar to enable the registrar to monitor compliance with any requirements imposed by the regulations.</p></content></level></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-165-2-a"><num>(a)</num><content><p><mod>after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aa)</num><content><p>about how the information is to be verified (including provision about the kinds or sources of evidence to be used);</p></content></level><level class="para1"><num>(ab)</num><content><p>about the standard to which verification is to be carried out;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-165-2-b"><num>(b)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>about the records that must be kept in connection with verification;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-165-2-c"><num>(c)</num><content><p><mod>after paragraph (d) (inserted by section 166 of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>about the information that must be provided to the registrar to enable the registrar to monitor compliance with any requirements imposed by the regulations.</p></content></level></quotedStructure></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-165-3"><num>(3)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>Regulations under this section may create offences in relation to failures to comply with requirements imposed by virtue of subsection (2)(ba) or (e).</p></content></subsection><subsection><num>(2B)</num><intro><p>The regulations must provide for any such offence to be punishable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, by a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, by a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, by a fine not exceeding level 5 on the standard scale.</p></content></level></subsection></quotedStructure></mod></p></content></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-3-crossheading-inspection-of-the-register-and-protection-of-information"><heading>Inspection of the register and protection of information</heading><section eId="section-166"><num>166</num><heading>Material unavailable for public inspection: verification information</heading><content><p><mod>In section 16 of the Economic Crime (Transparency and Enforcement) Act 2022 (verification of registrable beneficial owners and managing officers), in subsection (2), after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>requiring the registrar not to make available for public inspection certain information delivered to the registrar by virtue of the regulations;</p></content></level></quotedStructure></mod></p></content></section><section eId="section-167"><num>167</num><heading>Material unavailable for public inspection</heading><content><p><mod>For sections 22 to 24 of the Economic Crime (Transparency and Enforcement) Act 2022 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e24778"><num>22</num><heading>Material unavailable for inspection</heading><subsection eId="d28e24782"><num>(1)</num><intro><p>The following material must not, so far as it forms part of the register, be made available by the registrar for public inspection—</p></intro><level class="para1"><num>(a)</num><intro><p>so much of any application or other document delivered to the registrar under section 4, 7 or 9 or Schedule 6 as is required to contain—</p></intro><level class="para2"><num>(i)</num><content><p>protected date of birth information;</p></content></level><level class="para2"><num>(ii)</num><content><p>protected residential address information;</p></content></level><level class="para2"><num>(iii)</num><content><p>protected trusts information;</p></content></level><level class="para2"><num>(iv)</num><content><p>the name or contact details of an individual provided for the purposes of section 4(1)(d), 7(1)(e) or 9(1)(f), paragraph 6(1)(g) or 7(1)(g) of Schedule 1 or paragraph 2(1)(d) of Schedule 6;</p></content></level><level class="para2"><num>(v)</num><content><p>an overseas entity’s email address (see paragraph 2(1)(e) of Schedule 1);</p></content></level><level class="para2"><num>(vi)</num><content><p>any title numbers or folio numbers in respect of land (see paragraph 2(1)(h), (i) and (j) of Schedule 1);</p></content></level></level><level class="para1"><num>(b)</num><content><p>any information that regulations under section 16 provide is not to be made available for public inspection;</p></content></level><level class="para1"><num>(c)</num><content><p>any application or other document delivered to the registrar under regulations under section 23<ref href="#d28e25006">(2)</ref> (disclosure of protected trusts information);</p></content></level><level class="para1"><num>(d)</num><intro><p>the following—</p></intro><level class="para2"><num>(i)</num><content><p>any application or other document delivered to the registrar under regulations under section 25 (regulations protecting material), other than information provided by virtue of section 25(4);</p></content></level><level class="para2"><num>(ii)</num><content><p>any information which regulations under section 25 require not to be made available for public inspection;</p></content></level></level><level class="para1"><num>(e)</num><content><p>any application or other document delivered to the registrar under section 28 (administrative removal of material from the register);</p></content></level><level class="para1"><num>(f)</num><content><p>any court order under section 30 (rectification of the register under court order) that the court has directed under section 31 is not to be made available for public inspection;</p></content></level><level class="para1"><num>(g)</num><content><p>any statement or other document delivered to the registrar by virtue of section 1067A of the Companies Act 2006 (delivery of documents: identity verification requirements etc);</p></content></level><level class="para1"><num>(h)</num><content><p>any statement made in accordance with regulations made by virtue of section 1082(2)(c) of the Companies Act 2006 (statement of unique identifier);</p></content></level><level class="para1"><num>(i)</num><content><p>any document provided to the registrar under section 1092A of the Companies Act 2006 (power to require further information);</p></content></level><level class="para1"><num>(j)</num><content><p>any email address, identification code or password deriving from a document delivered for the purpose of authorising or facilitating electronic filing procedures or providing information by telephone;</p></content></level><level class="para1"><num>(k)</num><content><p>any record of the information contained in a document (or part of a document) mentioned in any of the previous paragraphs of this subsection;</p></content></level><level class="para1"><num>(l)</num><content><p>any other material excluded from public inspection by or under any other enactment.</p></content></level></subsection><subsection eId="d28e24912"><num>(2)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-date-of-birth-information">protected date of birth information</term>” means information as to the day of the month (but not the month or year) on which an individual who is a registrable beneficial owner or managing officer of an overseas entity was born;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-residential-address-information">protected residential address information</term>” means information as to the usual residential address of an individual who is a registrable beneficial owner or managing officer of an overseas entity;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-protected-trusts-information">protected trusts information</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>the required information about a trust (see sections 4(3)(a), 7(3)(a) and (4)(a) and 9(3)(a) and (4)(a) and paragraphs 3(2)(a), 4(2)(a) and 5(2)(a) of Schedule 6), or</p></content></level><level class="para1"><num>(b)</num><content><p>any information required by virtue of section 7(3)(c) or (4)(c) or 9(3)(c) or (4)(c) or paragraph 4(2)(c) of Schedule 6 (information about beneficiaries).</p></content></level></hcontainer></subsection><subsection><num>(3)</num><content><p>Information about a registrable beneficial owner or managing officer does not cease to be protected date of birth information or protected residential address information when they cease to be a registrable beneficial owner or managing officer.</p></content></subsection><subsection><num>(4)</num><content><p>Where subsection (1), or a provision referred to in subsection (1), imposes a restriction by reference to material deriving from a particular description of document (or part of a document), that does not affect the availability for public inspection of the same information contained in material derived from another description of document (or part of a document) in relation to which no such restriction applies.</p></content></subsection><subsection eId="d28e24961"><num>(5)</num><content><p>The registrar need not retain material to which subsection (1) applies for longer than appears to the registrar reasonably necessary for the purposes for which the material was delivered to the registrar.</p></content></subsection></section><section><num>23</num><heading>Disclosure of protected information</heading><subsection><num>(1)</num><intro><p>The registrar must not disclose protected date of birth information, protected residential address information or protected trusts information unless—</p></intro><level class="para1"><num>(a)</num><content><p>the disclosure is permitted by section 1110F of the Companies Act 2006 (general powers of disclosure by the registrar),</p></content></level><level class="para1"><num>(b)</num><content><p>the information is required to be made available for public inspection (as a result of being contained in a document, part of a document, or record to which section <ref href="#d28e24778">22</ref><ref href="#d28e24782">(1)</ref> does not apply), or</p></content></level><level class="para1"><num>(c)</num><content><p>the disclosure is permitted by regulations under subsection <ref href="#d28e25006">(2)</ref>.</p></content></level></subsection><subsection eId="d28e25006"><num>(2)</num><content><p>The Secretary of State may by regulations make provision requiring the registrar, on application, to disclose relevant protected trusts information to a person (unless required to refrain from doing so by regulations under section 25).</p></content></subsection><subsection><num>(3)</num><intro><p>In subsection <ref href="#d28e25006">(2)</ref> “<term refersTo="#term-relevant-protected-trusts-information">relevant protected trusts information</term>” means protected trusts information other than information as to—</p></intro><level class="para1"><num>(a)</num><content><p>the day of the month (but not the month or year) on which an individual was born, or</p></content></level><level class="para1"><num>(b)</num><content><p>the usual residential address of an individual.</p></content></level></subsection><subsection><num>(4)</num><intro><p>The regulations may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application;</p></content></level><level class="para1"><num>(b)</num><content><p>the grounds on which an application may be made;</p></content></level><level class="para1"><num>(c)</num><content><p>the information to be included in and documents to accompany an application;</p></content></level><level class="para1" eId="d28e25060"><num>(d)</num><content><p>the notice to be given of an application and of its outcome;</p></content></level><level class="para1" eId="d28e25066"><num>(e)</num><content><p>how an application is to be determined.</p></content></level></subsection><subsection><num>(5)</num><content><p>Provision under subsection <ref href="#d28e25066">(4)(e)</ref> may in particular provide for a question to be referred to a person other than the registrar for the purposes of determining the application.</p></content></subsection><subsection eId="d28e25081"><num>(6)</num><content><p>The regulations may include provision authorising or requiring the registrar to impose conditions subject to which the information is disclosed (including conditions restricting its use or further disclosure).</p></content></subsection><subsection><num>(7)</num><content><p>The regulations may create offences in relation to failures to comply with conditions imposed by virtue of subsection <ref href="#d28e25081">(6)</ref>.</p></content></subsection><subsection><num>(8)</num><intro><p>The regulations must provide for any such offence to be punishable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, by a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, by a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, by a fine not exceeding level 5 on the standard scale.</p></content></level></subsection><subsection><num>(9)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(10)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(11)</num><intro><p>In this section the following have the meaning given by section <ref href="#d28e24778">22</ref><ref href="#d28e24912">(2)</ref>—</p></intro><hcontainer name="definition"><content><p>“protected date of birth information”;</p></content></hcontainer><hcontainer name="definition"><content><p>“protected residential address information”;</p></content></hcontainer><hcontainer name="definition"><content><p>“protected trusts information”.</p></content></hcontainer></subsection></section><section><num>24</num><heading>Consultation about regulations under section 23</heading><subsection><num>(1)</num><content><p>The Secretary of State must consult the Scottish Ministers before making regulations under section 23 that contain provision that would be within the legislative competence of the Scottish Parliament if contained in an Act of that Parliament.</p></content></subsection><subsection><num>(2)</num><intro><p>The Secretary of State must consult the Department of Finance in Northern Ireland before making regulations under section 23 that contain provision that—</p></intro><level class="para1"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level><level class="para1"><num>(b)</num><content><p>would not, if contained in a Bill for an Act of the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State under section 8 of the Northern Ireland Act 1998.</p></content></level></subsection></section></quotedStructure></mod></p></content></section><section eId="section-168"><num>168</num><heading>Protection of information</heading><content><p><mod>For section 25 of the Economic Crime (Transparency and Enforcement) Act 2022 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>25</num><heading>Power to make regulations protecting material</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations make provision requiring the registrar, on application—</p></intro><level class="para1" eId="d28e25211"><num>(a)</num><content><p>not to make available for public inspection any information on the register relating to an individual;</p></content></level><level class="para1" eId="d28e25217"><num>(b)</num><content><p>to refrain from disclosing information on the register relating to an individual except in specified circumstances;</p></content></level><level class="para1" eId="d28e25223"><num>(c)</num><content><p>not to make available for public inspection any address on the register that is not information to which paragraph <ref href="#d28e25211">(a)</ref> applies;</p></content></level><level class="para1" eId="d28e25232"><num>(d)</num><content><p>to refrain from disclosing any such address except in specified circumstances.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The regulations may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application;</p></content></level><level class="para1"><num>(b)</num><content><p>the grounds on which an application may be made;</p></content></level><level class="para1"><num>(c)</num><content><p>the information to be included in and documents to accompany an application;</p></content></level><level class="para1"><num>(d)</num><content><p>the notice to be given of an application and of its outcome;</p></content></level><level class="para1" eId="d28e25268"><num>(e)</num><content><p>how an application is to be determined;</p></content></level><level class="para1" eId="d28e25274"><num>(f)</num><content><p>the duration of, and procedures for revoking, any restrictions on the making of information available for public inspection or its disclosure.</p></content></level></subsection><subsection><num>(3)</num><content><p>Provision under subsection <ref href="#d28e25268">(2)(e)</ref> or <ref href="#d28e25274">(2)(f)</ref> may in particular provide for a question to be referred to a person other than the registrar for the purposes of determining the application or revoking the restrictions.</p></content></subsection><subsection eId="d28e25292"><num>(4)</num><content><p>Regulations under subsection <ref href="#d28e25211">(1)(a)</ref> or <ref href="#d28e25223">(1)(c)</ref> may provide that information is not to be made unavailable for public inspection unless the person to whom it relates provides such alternative information as may be specified.</p></content></subsection><subsection><num>(5)</num><content><p>The circumstances that may be specified under subsection <ref href="#d28e25217">(1)(b)</ref> or <ref href="#d28e25232">(d)</ref> by way of an exception to a restriction on disclosure include circumstances where the court has made an order, in accordance with the regulations, authorising disclosure.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under subsection <ref href="#d28e25217">(1)(b)</ref> or <ref href="#d28e25232">(d)</ref> may not require the registrar to refrain from disclosing information under section 1110F of the Companies Act 2006 (general powers of disclosure by the registrar).</p></content></subsection><subsection><num>(7)</num><intro><p>Regulations under this section may impose a duty on the registrar to publish, in relation to such periods as may be specified—</p></intro><level class="para1"><num>(a)</num><content><p>details of how many applications have been made under the regulations and how many of them have been allowed, and</p></content></level><level class="para1"><num>(b)</num><content><p>such other details in connection with applications under the regulations as may be specified in the regulations.</p></content></level></subsection><subsection><num>(8)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(9)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-166"><num>166</num><heading>Material unavailable for public inspection: verification information</heading><content><p><mod>In section 16 of the Economic Crime (Transparency and Enforcement) Act 2022 (verification of registrable beneficial owners and managing officers), in subsection (2), after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>requiring the registrar not to make available for public inspection certain information delivered to the registrar by virtue of the regulations;</p></content></level></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-167"><num>167</num><heading>Material unavailable for public inspection</heading><content><p><mod>For sections 22 to 24 of the Economic Crime (Transparency and Enforcement) Act 2022 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e24778"><num>22</num><heading>Material unavailable for inspection</heading><subsection eId="d28e24782"><num>(1)</num><intro><p>The following material must not, so far as it forms part of the register, be made available by the registrar for public inspection—</p></intro><level class="para1"><num>(a)</num><intro><p>so much of any application or other document delivered to the registrar under section 4, 7 or 9 or Schedule 6 as is required to contain—</p></intro><level class="para2"><num>(i)</num><content><p>protected date of birth information;</p></content></level><level class="para2"><num>(ii)</num><content><p>protected residential address information;</p></content></level><level class="para2"><num>(iii)</num><content><p>protected trusts information;</p></content></level><level class="para2"><num>(iv)</num><content><p>the name or contact details of an individual provided for the purposes of section 4(1)(d), 7(1)(e) or 9(1)(f), paragraph 6(1)(g) or 7(1)(g) of Schedule 1 or paragraph 2(1)(d) of Schedule 6;</p></content></level><level class="para2"><num>(v)</num><content><p>an overseas entity’s email address (see paragraph 2(1)(e) of Schedule 1);</p></content></level><level class="para2"><num>(vi)</num><content><p>any title numbers or folio numbers in respect of land (see paragraph 2(1)(h), (i) and (j) of Schedule 1);</p></content></level></level><level class="para1"><num>(b)</num><content><p>any information that regulations under section 16 provide is not to be made available for public inspection;</p></content></level><level class="para1"><num>(c)</num><content><p>any application or other document delivered to the registrar under regulations under section 23<ref href="#d28e25006">(2)</ref> (disclosure of protected trusts information);</p></content></level><level class="para1"><num>(d)</num><intro><p>the following—</p></intro><level class="para2"><num>(i)</num><content><p>any application or other document delivered to the registrar under regulations under section 25 (regulations protecting material), other than information provided by virtue of section 25(4);</p></content></level><level class="para2"><num>(ii)</num><content><p>any information which regulations under section 25 require not to be made available for public inspection;</p></content></level></level><level class="para1"><num>(e)</num><content><p>any application or other document delivered to the registrar under section 28 (administrative removal of material from the register);</p></content></level><level class="para1"><num>(f)</num><content><p>any court order under section 30 (rectification of the register under court order) that the court has directed under section 31 is not to be made available for public inspection;</p></content></level><level class="para1"><num>(g)</num><content><p>any statement or other document delivered to the registrar by virtue of section 1067A of the Companies Act 2006 (delivery of documents: identity verification requirements etc);</p></content></level><level class="para1"><num>(h)</num><content><p>any statement made in accordance with regulations made by virtue of section 1082(2)(c) of the Companies Act 2006 (statement of unique identifier);</p></content></level><level class="para1"><num>(i)</num><content><p>any document provided to the registrar under section 1092A of the Companies Act 2006 (power to require further information);</p></content></level><level class="para1"><num>(j)</num><content><p>any email address, identification code or password deriving from a document delivered for the purpose of authorising or facilitating electronic filing procedures or providing information by telephone;</p></content></level><level class="para1"><num>(k)</num><content><p>any record of the information contained in a document (or part of a document) mentioned in any of the previous paragraphs of this subsection;</p></content></level><level class="para1"><num>(l)</num><content><p>any other material excluded from public inspection by or under any other enactment.</p></content></level></subsection><subsection eId="d28e24912"><num>(2)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-date-of-birth-information">protected date of birth information</term>” means information as to the day of the month (but not the month or year) on which an individual who is a registrable beneficial owner or managing officer of an overseas entity was born;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-protected-residential-address-information">protected residential address information</term>” means information as to the usual residential address of an individual who is a registrable beneficial owner or managing officer of an overseas entity;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-protected-trusts-information">protected trusts information</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>the required information about a trust (see sections 4(3)(a), 7(3)(a) and (4)(a) and 9(3)(a) and (4)(a) and paragraphs 3(2)(a), 4(2)(a) and 5(2)(a) of Schedule 6), or</p></content></level><level class="para1"><num>(b)</num><content><p>any information required by virtue of section 7(3)(c) or (4)(c) or 9(3)(c) or (4)(c) or paragraph 4(2)(c) of Schedule 6 (information about beneficiaries).</p></content></level></hcontainer></subsection><subsection><num>(3)</num><content><p>Information about a registrable beneficial owner or managing officer does not cease to be protected date of birth information or protected residential address information when they cease to be a registrable beneficial owner or managing officer.</p></content></subsection><subsection><num>(4)</num><content><p>Where subsection (1), or a provision referred to in subsection (1), imposes a restriction by reference to material deriving from a particular description of document (or part of a document), that does not affect the availability for public inspection of the same information contained in material derived from another description of document (or part of a document) in relation to which no such restriction applies.</p></content></subsection><subsection eId="d28e24961"><num>(5)</num><content><p>The registrar need not retain material to which subsection (1) applies for longer than appears to the registrar reasonably necessary for the purposes for which the material was delivered to the registrar.</p></content></subsection></section><section><num>23</num><heading>Disclosure of protected information</heading><subsection><num>(1)</num><intro><p>The registrar must not disclose protected date of birth information, protected residential address information or protected trusts information unless—</p></intro><level class="para1"><num>(a)</num><content><p>the disclosure is permitted by section 1110F of the Companies Act 2006 (general powers of disclosure by the registrar),</p></content></level><level class="para1"><num>(b)</num><content><p>the information is required to be made available for public inspection (as a result of being contained in a document, part of a document, or record to which section <ref href="#d28e24778">22</ref><ref href="#d28e24782">(1)</ref> does not apply), or</p></content></level><level class="para1"><num>(c)</num><content><p>the disclosure is permitted by regulations under subsection <ref href="#d28e25006">(2)</ref>.</p></content></level></subsection><subsection eId="d28e25006"><num>(2)</num><content><p>The Secretary of State may by regulations make provision requiring the registrar, on application, to disclose relevant protected trusts information to a person (unless required to refrain from doing so by regulations under section 25).</p></content></subsection><subsection><num>(3)</num><intro><p>In subsection <ref href="#d28e25006">(2)</ref> “<term refersTo="#term-relevant-protected-trusts-information">relevant protected trusts information</term>” means protected trusts information other than information as to—</p></intro><level class="para1"><num>(a)</num><content><p>the day of the month (but not the month or year) on which an individual was born, or</p></content></level><level class="para1"><num>(b)</num><content><p>the usual residential address of an individual.</p></content></level></subsection><subsection><num>(4)</num><intro><p>The regulations may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application;</p></content></level><level class="para1"><num>(b)</num><content><p>the grounds on which an application may be made;</p></content></level><level class="para1"><num>(c)</num><content><p>the information to be included in and documents to accompany an application;</p></content></level><level class="para1" eId="d28e25060"><num>(d)</num><content><p>the notice to be given of an application and of its outcome;</p></content></level><level class="para1" eId="d28e25066"><num>(e)</num><content><p>how an application is to be determined.</p></content></level></subsection><subsection><num>(5)</num><content><p>Provision under subsection <ref href="#d28e25066">(4)(e)</ref> may in particular provide for a question to be referred to a person other than the registrar for the purposes of determining the application.</p></content></subsection><subsection eId="d28e25081"><num>(6)</num><content><p>The regulations may include provision authorising or requiring the registrar to impose conditions subject to which the information is disclosed (including conditions restricting its use or further disclosure).</p></content></subsection><subsection><num>(7)</num><content><p>The regulations may create offences in relation to failures to comply with conditions imposed by virtue of subsection <ref href="#d28e25081">(6)</ref>.</p></content></subsection><subsection><num>(8)</num><intro><p>The regulations must provide for any such offence to be punishable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, by a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, by a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, by a fine not exceeding level 5 on the standard scale.</p></content></level></subsection><subsection><num>(9)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(10)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection><subsection><num>(11)</num><intro><p>In this section the following have the meaning given by section <ref href="#d28e24778">22</ref><ref href="#d28e24912">(2)</ref>—</p></intro><hcontainer name="definition"><content><p>“protected date of birth information”;</p></content></hcontainer><hcontainer name="definition"><content><p>“protected residential address information”;</p></content></hcontainer><hcontainer name="definition"><content><p>“protected trusts information”.</p></content></hcontainer></subsection></section><section><num>24</num><heading>Consultation about regulations under section 23</heading><subsection><num>(1)</num><content><p>The Secretary of State must consult the Scottish Ministers before making regulations under section 23 that contain provision that would be within the legislative competence of the Scottish Parliament if contained in an Act of that Parliament.</p></content></subsection><subsection><num>(2)</num><intro><p>The Secretary of State must consult the Department of Finance in Northern Ireland before making regulations under section 23 that contain provision that—</p></intro><level class="para1"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level><level class="para1"><num>(b)</num><content><p>would not, if contained in a Bill for an Act of the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State under section 8 of the Northern Ireland Act 1998.</p></content></level></subsection></section></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-168"><num>168</num><heading>Protection of information</heading><content><p><mod>For section 25 of the Economic Crime (Transparency and Enforcement) Act 2022 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>25</num><heading>Power to make regulations protecting material</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations make provision requiring the registrar, on application—</p></intro><level class="para1" eId="d28e25211"><num>(a)</num><content><p>not to make available for public inspection any information on the register relating to an individual;</p></content></level><level class="para1" eId="d28e25217"><num>(b)</num><content><p>to refrain from disclosing information on the register relating to an individual except in specified circumstances;</p></content></level><level class="para1" eId="d28e25223"><num>(c)</num><content><p>not to make available for public inspection any address on the register that is not information to which paragraph <ref href="#d28e25211">(a)</ref> applies;</p></content></level><level class="para1" eId="d28e25232"><num>(d)</num><content><p>to refrain from disclosing any such address except in specified circumstances.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The regulations may make provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application;</p></content></level><level class="para1"><num>(b)</num><content><p>the grounds on which an application may be made;</p></content></level><level class="para1"><num>(c)</num><content><p>the information to be included in and documents to accompany an application;</p></content></level><level class="para1"><num>(d)</num><content><p>the notice to be given of an application and of its outcome;</p></content></level><level class="para1" eId="d28e25268"><num>(e)</num><content><p>how an application is to be determined;</p></content></level><level class="para1" eId="d28e25274"><num>(f)</num><content><p>the duration of, and procedures for revoking, any restrictions on the making of information available for public inspection or its disclosure.</p></content></level></subsection><subsection><num>(3)</num><content><p>Provision under subsection <ref href="#d28e25268">(2)(e)</ref> or <ref href="#d28e25274">(2)(f)</ref> may in particular provide for a question to be referred to a person other than the registrar for the purposes of determining the application or revoking the restrictions.</p></content></subsection><subsection eId="d28e25292"><num>(4)</num><content><p>Regulations under subsection <ref href="#d28e25211">(1)(a)</ref> or <ref href="#d28e25223">(1)(c)</ref> may provide that information is not to be made unavailable for public inspection unless the person to whom it relates provides such alternative information as may be specified.</p></content></subsection><subsection><num>(5)</num><content><p>The circumstances that may be specified under subsection <ref href="#d28e25217">(1)(b)</ref> or <ref href="#d28e25232">(d)</ref> by way of an exception to a restriction on disclosure include circumstances where the court has made an order, in accordance with the regulations, authorising disclosure.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under subsection <ref href="#d28e25217">(1)(b)</ref> or <ref href="#d28e25232">(d)</ref> may not require the registrar to refrain from disclosing information under section 1110F of the Companies Act 2006 (general powers of disclosure by the registrar).</p></content></subsection><subsection><num>(7)</num><intro><p>Regulations under this section may impose a duty on the registrar to publish, in relation to such periods as may be specified—</p></intro><level class="para1"><num>(a)</num><content><p>details of how many applications have been made under the regulations and how many of them have been allowed, and</p></content></level><level class="para1"><num>(b)</num><content><p>such other details in connection with applications under the regulations as may be specified in the regulations.</p></content></level></subsection><subsection><num>(8)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(9)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></section>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-3-crossheading-correction-or-removal-of-material-on-the-register"><heading>Correction or removal of material on the register</heading><section eId="section-169"><num>169</num><heading>Resolving inconsistencies in the register</heading><subsection eId="section-169-1"><num>(1)</num><content><p>Section 27 of the Economic Crime (Transparency and Enforcement) Act 2022 (resolving inconsistencies in the register) is amended as follows.</p></content></subsection><subsection eId="section-169-2"><num>(2)</num><content><p><mod>For subsections (1) and (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>Where it appears to the registrar that the information contained in a document delivered to the registrar by an overseas entity in connection with the register is inconsistent with other information contained in records kept by the registrar under section 1080 of the Companies Act 2006, the registrar may give notice to the overseas entity to which the document relates—</p></intro><level class="para1"><num>(a)</num><content><p>stating in what respects the information contained in it appears to be inconsistent with other information in records kept by the registrar under section 1080 of the Companies Act 2006, and</p></content></level><level class="para1"><num>(b)</num><content><p>requiring the overseas entity, within the period of 14 days beginning with the date on which the notice is issued, to take all such steps as are reasonably open to it to resolve the inconsistency by delivering replacement or additional documents or in any other way.</p></content></level></subsection><subsection><num>(2)</num><content><p>The notice must state the date on which it is issued.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-169-3"><num>(3)</num><content><p>In the heading, omit “in the register”.</p></content></subsection></section><section eId="section-170"><num>170</num><heading>Administrative removal of material from register</heading><subsection eId="section-170-1"><num>(1)</num><intro><p>In the Economic Crime (Transparency and Enforcement) Act 2022—</p></intro><level class="para1" eId="section-170-1-a"><num>(a)</num><content><p><mod>for section 28 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e25438"><num>28</num><heading>Administrative removal of material from the register</heading><subsection eId="d28e25442"><num>(1)</num><intro><p>The registrar may remove from the register anything that appears to the registrar to be—</p></intro><level class="para1"><num>(a)</num><content><p>a document, or material derived from a document, accepted under section 1073 of the Companies Act 2006 (power to accept documents not meeting requirements for proper delivery), or</p></content></level><level class="para1"><num>(b)</num><content><p>unnecessary material as defined by section 1074 of the Companies Act 2006.</p></content></level></subsection><subsection eId="d28e25460"><num>(2)</num><intro><p>The power to remove material from the register under this section may be exercised—</p></intro><level class="para1"><num>(a)</num><content><p>on the registrar’s own motion, or</p></content></level><level class="para1" eId="d28e25472"><num>(b)</num><content><p>on an application made in accordance with regulations under section <ref href="#d28e25498">28A</ref><ref href="#d28e25511">(2)</ref>.</p></content></level></subsection><subsection><num>(3)</num><content><p>The Secretary of State may by regulations provide that the registrar’s power to remove material from the register under this section following an application is limited to material of a description specified in the regulations.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations under this section are subject to the negative resolution procedure.</p></content></subsection></section><section eId="d28e25498"><num>28A</num><heading>Further provision about removal of material from the register</heading><subsection eId="d28e25502"><num>(1)</num><content><p>The Secretary of State must by regulations make provision for notice to be given in accordance with the regulations where material is removed from the register under section <ref href="#d28e25438">28</ref> otherwise than on an application.</p></content></subsection><subsection eId="d28e25511"><num>(2)</num><content><p>The Secretary of State must by regulations make provision in connection with the making and determination of applications for the removal of material from the register under section <ref href="#d28e25438">28</ref>.</p></content></subsection><subsection><num>(3)</num><intro><p>The provision that may be made under subsection <ref href="#d28e25511">(2)</ref> includes provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application,</p></content></level><level class="para1"><num>(b)</num><content><p>the information to be included in and documents to accompany an application,</p></content></level><level class="para1"><num>(c)</num><content><p>the notice to be given of an application and of its outcome,</p></content></level><level class="para1"><num>(d)</num><content><p>a period in which objections to an application may be made, and</p></content></level><level class="para1" eId="d28e25553"><num>(e)</num><content><p>how an application is to be determined, including provision as to evidence that may be relied upon by the registrar for the purposes of satisfying the test in section <ref href="#d28e25438">28</ref><ref href="#d28e25442">(1)</ref>.</p></content></level></subsection><subsection><num>(4)</num><intro><p>The provision that may be made by virtue of subsection <ref href="#d28e25553">(3)(e)</ref> includes provision as to circumstances in which—</p></intro><level class="para1"><num>(a)</num><content><p>evidence is to be treated by the registrar as conclusive proof that the test in section <ref href="#d28e25438">28</ref><ref href="#d28e25442">(1)</ref> is met, and</p></content></level><level class="para1"><num>(b)</num><content><p>the power of removal must be exercised.</p></content></level></subsection><subsection><num>(5)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to the negative resolution procedure.</p></content></subsection></section></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-170-1-b"><num>(b)</num><content><p>omit sections 29 and 29A (application to rectify register and resolution of discrepancies).</p></content></level></subsection><subsection eId="section-170-2"><num>(2)</num><content><p><mod>In section 1073 of the Companies Act 2006 (power to accept documents not meeting requirements for proper delivery), in subsection (6)(a), after “<term refersTo="#term-section-1094a1" eId="term-section-1094a1">section 1094A(1)</term>” (inserted by section 85 of this Act) insert <quotedText>“or any corresponding provision of any other enactment”</quotedText>.</mod></p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-169"><num>169</num><heading>Resolving inconsistencies in the register</heading><subsection eId="section-169-1"><num>(1)</num><content><p>Section 27 of the Economic Crime (Transparency and Enforcement) Act 2022 (resolving inconsistencies in the register) is amended as follows.</p></content></subsection><subsection eId="section-169-2"><num>(2)</num><content><p><mod>For subsections (1) and (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>Where it appears to the registrar that the information contained in a document delivered to the registrar by an overseas entity in connection with the register is inconsistent with other information contained in records kept by the registrar under section 1080 of the Companies Act 2006, the registrar may give notice to the overseas entity to which the document relates—</p></intro><level class="para1"><num>(a)</num><content><p>stating in what respects the information contained in it appears to be inconsistent with other information in records kept by the registrar under section 1080 of the Companies Act 2006, and</p></content></level><level class="para1"><num>(b)</num><content><p>requiring the overseas entity, within the period of 14 days beginning with the date on which the notice is issued, to take all such steps as are reasonably open to it to resolve the inconsistency by delivering replacement or additional documents or in any other way.</p></content></level></subsection><subsection><num>(2)</num><content><p>The notice must state the date on which it is issued.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-169-3"><num>(3)</num><content><p>In the heading, omit “in the register”.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-169-1"><num>(1)</num><content><p>Section 27 of the Economic Crime (Transparency and Enforcement) Act 2022 (resolving inconsistencies in the register) is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-169-2"><num>(2)</num><content><p><mod>For subsections (1) and (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>Where it appears to the registrar that the information contained in a document delivered to the registrar by an overseas entity in connection with the register is inconsistent with other information contained in records kept by the registrar under section 1080 of the Companies Act 2006, the registrar may give notice to the overseas entity to which the document relates—</p></intro><level class="para1"><num>(a)</num><content><p>stating in what respects the information contained in it appears to be inconsistent with other information in records kept by the registrar under section 1080 of the Companies Act 2006, and</p></content></level><level class="para1"><num>(b)</num><content><p>requiring the overseas entity, within the period of 14 days beginning with the date on which the notice is issued, to take all such steps as are reasonably open to it to resolve the inconsistency by delivering replacement or additional documents or in any other way.</p></content></level></subsection><subsection><num>(2)</num><content><p>The notice must state the date on which it is issued.</p></content></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-169-3"><num>(3)</num><content><p>In the heading, omit “in the register”.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-170"><num>170</num><heading>Administrative removal of material from register</heading><subsection eId="section-170-1"><num>(1)</num><intro><p>In the Economic Crime (Transparency and Enforcement) Act 2022—</p></intro><level class="para1" eId="section-170-1-a"><num>(a)</num><content><p><mod>for section 28 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e25438"><num>28</num><heading>Administrative removal of material from the register</heading><subsection eId="d28e25442"><num>(1)</num><intro><p>The registrar may remove from the register anything that appears to the registrar to be—</p></intro><level class="para1"><num>(a)</num><content><p>a document, or material derived from a document, accepted under section 1073 of the Companies Act 2006 (power to accept documents not meeting requirements for proper delivery), or</p></content></level><level class="para1"><num>(b)</num><content><p>unnecessary material as defined by section 1074 of the Companies Act 2006.</p></content></level></subsection><subsection eId="d28e25460"><num>(2)</num><intro><p>The power to remove material from the register under this section may be exercised—</p></intro><level class="para1"><num>(a)</num><content><p>on the registrar’s own motion, or</p></content></level><level class="para1" eId="d28e25472"><num>(b)</num><content><p>on an application made in accordance with regulations under section <ref href="#d28e25498">28A</ref><ref href="#d28e25511">(2)</ref>.</p></content></level></subsection><subsection><num>(3)</num><content><p>The Secretary of State may by regulations provide that the registrar’s power to remove material from the register under this section following an application is limited to material of a description specified in the regulations.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations under this section are subject to the negative resolution procedure.</p></content></subsection></section><section eId="d28e25498"><num>28A</num><heading>Further provision about removal of material from the register</heading><subsection eId="d28e25502"><num>(1)</num><content><p>The Secretary of State must by regulations make provision for notice to be given in accordance with the regulations where material is removed from the register under section <ref href="#d28e25438">28</ref> otherwise than on an application.</p></content></subsection><subsection eId="d28e25511"><num>(2)</num><content><p>The Secretary of State must by regulations make provision in connection with the making and determination of applications for the removal of material from the register under section <ref href="#d28e25438">28</ref>.</p></content></subsection><subsection><num>(3)</num><intro><p>The provision that may be made under subsection <ref href="#d28e25511">(2)</ref> includes provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application,</p></content></level><level class="para1"><num>(b)</num><content><p>the information to be included in and documents to accompany an application,</p></content></level><level class="para1"><num>(c)</num><content><p>the notice to be given of an application and of its outcome,</p></content></level><level class="para1"><num>(d)</num><content><p>a period in which objections to an application may be made, and</p></content></level><level class="para1" eId="d28e25553"><num>(e)</num><content><p>how an application is to be determined, including provision as to evidence that may be relied upon by the registrar for the purposes of satisfying the test in section <ref href="#d28e25438">28</ref><ref href="#d28e25442">(1)</ref>.</p></content></level></subsection><subsection><num>(4)</num><intro><p>The provision that may be made by virtue of subsection <ref href="#d28e25553">(3)(e)</ref> includes provision as to circumstances in which—</p></intro><level class="para1"><num>(a)</num><content><p>evidence is to be treated by the registrar as conclusive proof that the test in section <ref href="#d28e25438">28</ref><ref href="#d28e25442">(1)</ref> is met, and</p></content></level><level class="para1"><num>(b)</num><content><p>the power of removal must be exercised.</p></content></level></subsection><subsection><num>(5)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to the negative resolution procedure.</p></content></subsection></section></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-170-1-b"><num>(b)</num><content><p>omit sections 29 and 29A (application to rectify register and resolution of discrepancies).</p></content></level></subsection><subsection eId="section-170-2"><num>(2)</num><content><p><mod>In section 1073 of the Companies Act 2006 (power to accept documents not meeting requirements for proper delivery), in subsection (6)(a), after “<term refersTo="#term-section-1094a1" eId="term-section-1094a1">section 1094A(1)</term>” (inserted by section 85 of this Act) insert <quotedText>“or any corresponding provision of any other enactment”</quotedText>.</mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-170-1"><num>(1)</num><intro><p>In the Economic Crime (Transparency and Enforcement) Act 2022—</p></intro><level class="para1" eId="section-170-1-a"><num>(a)</num><content><p><mod>for section 28 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e25438"><num>28</num><heading>Administrative removal of material from the register</heading><subsection eId="d28e25442"><num>(1)</num><intro><p>The registrar may remove from the register anything that appears to the registrar to be—</p></intro><level class="para1"><num>(a)</num><content><p>a document, or material derived from a document, accepted under section 1073 of the Companies Act 2006 (power to accept documents not meeting requirements for proper delivery), or</p></content></level><level class="para1"><num>(b)</num><content><p>unnecessary material as defined by section 1074 of the Companies Act 2006.</p></content></level></subsection><subsection eId="d28e25460"><num>(2)</num><intro><p>The power to remove material from the register under this section may be exercised—</p></intro><level class="para1"><num>(a)</num><content><p>on the registrar’s own motion, or</p></content></level><level class="para1" eId="d28e25472"><num>(b)</num><content><p>on an application made in accordance with regulations under section <ref href="#d28e25498">28A</ref><ref href="#d28e25511">(2)</ref>.</p></content></level></subsection><subsection><num>(3)</num><content><p>The Secretary of State may by regulations provide that the registrar’s power to remove material from the register under this section following an application is limited to material of a description specified in the regulations.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations under this section are subject to the negative resolution procedure.</p></content></subsection></section><section eId="d28e25498"><num>28A</num><heading>Further provision about removal of material from the register</heading><subsection eId="d28e25502"><num>(1)</num><content><p>The Secretary of State must by regulations make provision for notice to be given in accordance with the regulations where material is removed from the register under section <ref href="#d28e25438">28</ref> otherwise than on an application.</p></content></subsection><subsection eId="d28e25511"><num>(2)</num><content><p>The Secretary of State must by regulations make provision in connection with the making and determination of applications for the removal of material from the register under section <ref href="#d28e25438">28</ref>.</p></content></subsection><subsection><num>(3)</num><intro><p>The provision that may be made under subsection <ref href="#d28e25511">(2)</ref> includes provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application,</p></content></level><level class="para1"><num>(b)</num><content><p>the information to be included in and documents to accompany an application,</p></content></level><level class="para1"><num>(c)</num><content><p>the notice to be given of an application and of its outcome,</p></content></level><level class="para1"><num>(d)</num><content><p>a period in which objections to an application may be made, and</p></content></level><level class="para1" eId="d28e25553"><num>(e)</num><content><p>how an application is to be determined, including provision as to evidence that may be relied upon by the registrar for the purposes of satisfying the test in section <ref href="#d28e25438">28</ref><ref href="#d28e25442">(1)</ref>.</p></content></level></subsection><subsection><num>(4)</num><intro><p>The provision that may be made by virtue of subsection <ref href="#d28e25553">(3)(e)</ref> includes provision as to circumstances in which—</p></intro><level class="para1"><num>(a)</num><content><p>evidence is to be treated by the registrar as conclusive proof that the test in section <ref href="#d28e25438">28</ref><ref href="#d28e25442">(1)</ref> is met, and</p></content></level><level class="para1"><num>(b)</num><content><p>the power of removal must be exercised.</p></content></level></subsection><subsection><num>(5)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to the negative resolution procedure.</p></content></subsection></section></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-170-1-b"><num>(b)</num><content><p>omit sections 29 and 29A (application to rectify register and resolution of discrepancies).</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-170-1-a"><num>(a)</num><content><p><mod>for section 28 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section eId="d28e25438"><num>28</num><heading>Administrative removal of material from the register</heading><subsection eId="d28e25442"><num>(1)</num><intro><p>The registrar may remove from the register anything that appears to the registrar to be—</p></intro><level class="para1"><num>(a)</num><content><p>a document, or material derived from a document, accepted under section 1073 of the Companies Act 2006 (power to accept documents not meeting requirements for proper delivery), or</p></content></level><level class="para1"><num>(b)</num><content><p>unnecessary material as defined by section 1074 of the Companies Act 2006.</p></content></level></subsection><subsection eId="d28e25460"><num>(2)</num><intro><p>The power to remove material from the register under this section may be exercised—</p></intro><level class="para1"><num>(a)</num><content><p>on the registrar’s own motion, or</p></content></level><level class="para1" eId="d28e25472"><num>(b)</num><content><p>on an application made in accordance with regulations under section <ref href="#d28e25498">28A</ref><ref href="#d28e25511">(2)</ref>.</p></content></level></subsection><subsection><num>(3)</num><content><p>The Secretary of State may by regulations provide that the registrar’s power to remove material from the register under this section following an application is limited to material of a description specified in the regulations.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations under this section are subject to the negative resolution procedure.</p></content></subsection></section><section eId="d28e25498"><num>28A</num><heading>Further provision about removal of material from the register</heading><subsection eId="d28e25502"><num>(1)</num><content><p>The Secretary of State must by regulations make provision for notice to be given in accordance with the regulations where material is removed from the register under section <ref href="#d28e25438">28</ref> otherwise than on an application.</p></content></subsection><subsection eId="d28e25511"><num>(2)</num><content><p>The Secretary of State must by regulations make provision in connection with the making and determination of applications for the removal of material from the register under section <ref href="#d28e25438">28</ref>.</p></content></subsection><subsection><num>(3)</num><intro><p>The provision that may be made under subsection <ref href="#d28e25511">(2)</ref> includes provision as to—</p></intro><level class="para1"><num>(a)</num><content><p>who may make an application,</p></content></level><level class="para1"><num>(b)</num><content><p>the information to be included in and documents to accompany an application,</p></content></level><level class="para1"><num>(c)</num><content><p>the notice to be given of an application and of its outcome,</p></content></level><level class="para1"><num>(d)</num><content><p>a period in which objections to an application may be made, and</p></content></level><level class="para1" eId="d28e25553"><num>(e)</num><content><p>how an application is to be determined, including provision as to evidence that may be relied upon by the registrar for the purposes of satisfying the test in section <ref href="#d28e25438">28</ref><ref href="#d28e25442">(1)</ref>.</p></content></level></subsection><subsection><num>(4)</num><intro><p>The provision that may be made by virtue of subsection <ref href="#d28e25553">(3)(e)</ref> includes provision as to circumstances in which—</p></intro><level class="para1"><num>(a)</num><content><p>evidence is to be treated by the registrar as conclusive proof that the test in section <ref href="#d28e25438">28</ref><ref href="#d28e25442">(1)</ref> is met, and</p></content></level><level class="para1"><num>(b)</num><content><p>the power of removal must be exercised.</p></content></level></subsection><subsection><num>(5)</num><content><p>Regulations under this section may in particular confer a discretion on the registrar.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to the negative resolution procedure.</p></content></subsection></section></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-170-1-b"><num>(b)</num><content><p>omit sections 29 and 29A (application to rectify register and resolution of discrepancies).</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-170-2"><num>(2)</num><content><p><mod>In section 1073 of the Companies Act 2006 (power to accept documents not meeting requirements for proper delivery), in subsection (6)(a), after “<term refersTo="#term-section-1094a1" eId="term-section-1094a1">section 1094A(1)</term>” (inserted by section 85 of this Act) insert <quotedText>“or any corresponding provision of any other enactment”</quotedText>.</mod></p></content></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-3-crossheading-offences"><heading>Offences</heading><section eId="section-171"><num>171</num><heading>False statement offences in connection with information notices</heading><content><p><mod>For section 15 of the Economic Crime (Transparency and Enforcement) Act 2022 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>15</num><heading>Failure to comply with notice under section 12 or 13</heading><subsection><num>(1)</num><content><p>A person who, without reasonable excuse, fails to comply with a notice under section 12 or 13 commits an offence.</p></content></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a legal entity, the offence is also committed by every officer of the entity who is in default.</p></content></subsection><subsection><num>(3)</num><content><p>It is a defence for a person charged with an offence under this section to prove that the requirement to give information was frivolous or vexatious.</p></content></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para1"><num>(d)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both).</p></content></level></subsection></section><section><num>15A</num><heading>False statements under section 12 or 13: basic offence</heading><subsection><num>(1)</num><content><p>A person who is given a notice under section 12 or 13 commits an offence if, in purported compliance with the notice and without reasonable excuse, the person makes a statement that is misleading, false or deceptive in a material particular.</p></content></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a legal entity, the offence is also committed by every officer of the entity who is in default.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</p></content></level></subsection></section><section><num>15B</num><heading>False statements under section 12 or 13: aggravated offence</heading><subsection><num>(1)</num><content><p>A person who is given a notice under section 12 or 13 commits an offence if, in purported compliance with the notice, the person makes a statement that the person knows to be misleading, false or deceptive in a material particular.</p></content></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a legal entity, the offence is also committed by every officer of the entity who is in default.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para1"><num>(d)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both).</p></content></level></subsection></section></quotedStructure></mod></p></content></section><section eId="section-172"><num>172</num><heading>General false statement offences</heading><content><p><mod>For section 32 of the Economic Crime (Transparency and Enforcement) Act 2022 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>32</num><heading>False statements: basic offence</heading><subsection><num>(1)</num><intro><p>It is an offence for a person, without reasonable excuse, to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for the purposes of this Part, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for the purposes of this Part, a statement that is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a legal entity, every officer of the entity who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</p></content></level></subsection></section><section><num>32A</num><heading>False statements: aggravated offence</heading><subsection><num>(1)</num><intro><p>It is an offence for a person knowingly to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for the purposes of this Part, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for the purposes of this Part, a statement that is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a legal entity, every officer of the entity who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both).</p></content></level></level></subsection></section></quotedStructure></mod></p></content></section><section eId="section-173"><num>173</num><heading>Enforcement of requirement to register: updated language about penalties etc</heading><subsection eId="section-173-1"><num>(1)</num><content><p>The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows.</p></content></subsection><subsection eId="section-173-2"><num>(2)</num><intro><p>In section 34 (power to require overseas entity to register if it owns certain land)—</p></intro><level class="para1" eId="section-173-2-a"><num>(a)</num><content><p><mod>in subsection (4)(a), for “the maximum summary term for either-way offences” substitute <quotedText>“a term not exceeding the general limit in a magistrates’ court”</quotedText>;</mod></p></content></level><level class="para1" eId="section-173-2-b"><num>(b)</num><content><p>omit subsection (5).</p></content></level></subsection><subsection eId="section-173-3"><num>(3)</num><content><p><mod>In section 36 (meaning of “<term refersTo="#term-daily-default-fine" eId="term-daily-default-fine">daily default fine</term>”) after “applies for” insert <quotedText>“the”</quotedText>.</mod></p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-171"><num>171</num><heading>False statement offences in connection with information notices</heading><content><p><mod>For section 15 of the Economic Crime (Transparency and Enforcement) Act 2022 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>15</num><heading>Failure to comply with notice under section 12 or 13</heading><subsection><num>(1)</num><content><p>A person who, without reasonable excuse, fails to comply with a notice under section 12 or 13 commits an offence.</p></content></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a legal entity, the offence is also committed by every officer of the entity who is in default.</p></content></subsection><subsection><num>(3)</num><content><p>It is a defence for a person charged with an offence under this section to prove that the requirement to give information was frivolous or vexatious.</p></content></subsection><subsection><num>(4)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para1"><num>(d)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both).</p></content></level></subsection></section><section><num>15A</num><heading>False statements under section 12 or 13: basic offence</heading><subsection><num>(1)</num><content><p>A person who is given a notice under section 12 or 13 commits an offence if, in purported compliance with the notice and without reasonable excuse, the person makes a statement that is misleading, false or deceptive in a material particular.</p></content></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a legal entity, the offence is also committed by every officer of the entity who is in default.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</p></content></level></subsection></section><section><num>15B</num><heading>False statements under section 12 or 13: aggravated offence</heading><subsection><num>(1)</num><content><p>A person who is given a notice under section 12 or 13 commits an offence if, in purported compliance with the notice, the person makes a statement that the person knows to be misleading, false or deceptive in a material particular.</p></content></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a legal entity, the offence is also committed by every officer of the entity who is in default.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para1"><num>(d)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both).</p></content></level></subsection></section></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-172"><num>172</num><heading>General false statement offences</heading><content><p><mod>For section 32 of the Economic Crime (Transparency and Enforcement) Act 2022 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>32</num><heading>False statements: basic offence</heading><subsection><num>(1)</num><intro><p>It is an offence for a person, without reasonable excuse, to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for the purposes of this Part, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for the purposes of this Part, a statement that is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a legal entity, every officer of the entity who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</p></content></level></subsection></section><section><num>32A</num><heading>False statements: aggravated offence</heading><subsection><num>(1)</num><intro><p>It is an offence for a person knowingly to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for the purposes of this Part, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for the purposes of this Part, a statement that is misleading, false or deceptive in a material particular.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where the offence is committed by a legal entity, every officer of the entity who is in default also commits the offence.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both).</p></content></level></level></subsection></section></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-173"><num>173</num><heading>Enforcement of requirement to register: updated language about penalties etc</heading><subsection eId="section-173-1"><num>(1)</num><content><p>The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows.</p></content></subsection><subsection eId="section-173-2"><num>(2)</num><intro><p>In section 34 (power to require overseas entity to register if it owns certain land)—</p></intro><level class="para1" eId="section-173-2-a"><num>(a)</num><content><p><mod>in subsection (4)(a), for “the maximum summary term for either-way offences” substitute <quotedText>“a term not exceeding the general limit in a magistrates’ court”</quotedText>;</mod></p></content></level><level class="para1" eId="section-173-2-b"><num>(b)</num><content><p>omit subsection (5).</p></content></level></subsection><subsection eId="section-173-3"><num>(3)</num><content><p><mod>In section 36 (meaning of “<term refersTo="#term-daily-default-fine" eId="term-daily-default-fine">daily default fine</term>”) after “applies for” insert <quotedText>“the”</quotedText>.</mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-173-1"><num>(1)</num><content><p>The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-173-2"><num>(2)</num><intro><p>In section 34 (power to require overseas entity to register if it owns certain land)—</p></intro><level class="para1" eId="section-173-2-a"><num>(a)</num><content><p><mod>in subsection (4)(a), for “the maximum summary term for either-way offences” substitute <quotedText>“a term not exceeding the general limit in a magistrates’ court”</quotedText>;</mod></p></content></level><level class="para1" eId="section-173-2-b"><num>(b)</num><content><p>omit subsection (5).</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-173-2-a"><num>(a)</num><content><p><mod>in subsection (4)(a), for “the maximum summary term for either-way offences” substitute <quotedText>“a term not exceeding the general limit in a magistrates’ court”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-173-2-b"><num>(b)</num><content><p>omit subsection (5).</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-173-3"><num>(3)</num><content><p><mod>In section 36 (meaning of “<term refersTo="#term-daily-default-fine" eId="term-daily-default-fine">daily default fine</term>”) after “applies for” insert <quotedText>“the”</quotedText>.</mod></p></content></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-3-crossheading-miscellaneous"><heading>Miscellaneous</heading><section eId="section-174"><num>174</num><heading>Overseas entities: further information for transitional cases</heading><content><p>Schedule 7 (overseas entities: further information for transitional cases) amends the Economic Crime (Transparency and Enforcement) Act 2022 to impose further duties on overseas entities to deliver information to the registrar.</p></content></section><section eId="section-175"><num>175</num><heading>Financial penalties: interaction with offences</heading><intro><p>In section 39 of the Economic Crime (Transparency and Enforcement) Act 2022 (financial penalties), in subsection (4)—</p></intro><level class="para1" eId="section-175-a"><num>(a)</num><content><p><mod>for paragraph (a) (but not the “and” at the end) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(a)</num><intro><p>no financial penalty may be imposed under the regulations on a person in respect of conduct amounting to an offence if—</p></intro><level class="para2"><num>(i)</num><content><p>proceedings have been brought against the person for that offence in respect of that conduct and the proceedings are ongoing, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the person has been convicted of that offence in respect of that conduct,</p></content></level></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-175-b"><num>(b)</num><content><p>in paragraph (b), omit “or continued”.</p></content></level></section><section eId="section-176"><num>176</num><heading>Meaning of “service address”</heading><content><p><mod>In section 44 of the Economic Crime (Transparency and Enforcement) Act 2022 (interpretation), at the appropriate places, insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-the-companies-acts">the Companies Acts</term>” has the meaning given by section 2(1) of the Companies Act 2006;</p></content></hcontainer></quotedStructure></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-service-address">service address</term>” has the same meaning as in the Companies Acts (see section 1141(1) and (2) of the Companies Act 2006).</p></content></hcontainer></quotedStructure></mod></p></content></section><section eId="section-177"><num>177</num><heading>Meaning of “registered overseas entity” in land registration legislation</heading><subsection eId="section-177-1"><num>(1)</num><content><p><mod>In Schedule 4A to the Land Registration Act 2002 (overseas entities), for paragraph 8 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><paragraph class="schProv1"><num>8</num><subparagraph eId="d28e26072"><num>(1)</num><content><p>For the purpose of this Schedule, an overseas entity that has failed to comply with any of the following duties is not to be treated as being a “registered overseas entity” until it remedies the failure.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>The duties are—</p></intro><level class="para1"><num>(a)</num><content><p>the duty to deliver to the registrar of companies the documents required by section 7 of the Economic Crime (Transparency and Enforcement) Act 2022 (updating duty);</p></content></level><level class="para1"><num>(b)</num><content><p>the duty to provide information to the registrar of companies in accordance with a notice under section <ref href="#d28e11932">1092A</ref> of the Companies Act 2006 (power of registrar to require information).</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>For the purposes of this paragraph the failure is remedied when the documents are delivered, or the information is provided, to the registrar of companies.</p></content></subparagraph></paragraph></quotedStructure></mod></p></content></subsection><subsection eId="section-177-2"><num>(2)</num><content><p>In section 21 of the Land Registration etc. (Scotland) Act <ref eId="c00020" href="http://www.legislation.gov.uk/id/asp/2012/5">2012 (asp 5)</ref> (application for registration of deed), the subsection (5) inserted by the Economic Crime (Transparency and Enforcement) Act 2022 is renumbered subsection (4A).</p></content></subsection><subsection eId="section-177-3"><num>(3)</num><content><p><mod>In schedule 1A to the Land Registration etc. (Scotland) Act 2012 (land transactions: overseas entities), in paragraph 9, for sub-paragraphs (2) and (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph eId="d28e26121"><num>(2)</num><content><p>For the purpose of this schedule, an overseas entity that has failed to comply with any of the following duties is not to be treated as being a “registered overseas entity” until it remedies the failure.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>The duties are—</p></intro><level class="para1"><num>(a)</num><content><p>the duty to deliver to the registrar of companies the documents required by section 7 of the Economic Crime (Transparency and Enforcement) Act 2022 (updating duty);</p></content></level><level class="para1"><num>(b)</num><content><p>the duty to provide information to the registrar of companies in accordance with a notice under section <ref href="#d28e11932">1092A</ref> of the Companies Act 2006 (power of registrar to require information).</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>For the purposes of sub-paragraph <ref href="#d28e26121">(2)</ref> the failure is remedied when the documents are delivered, or the information is provided, to the registrar of companies.</p></content></subparagraph></quotedStructure></mod></p></content></subsection><subsection eId="section-177-4"><num>(4)</num><content><p><mod>In Schedule 8A to the <ref eId="c00021" href="http://www.legislation.gov.uk/id/apni/1970/18">Land Registration Act (Northern Ireland) 1970 (c. 18 (N.I.))</ref> (overseas entities), for paragraph 7 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><paragraph class="schProv1"><num>7</num><subparagraph><num>(1)</num><content><p>For the purpose of this Schedule, an overseas entity that fails to comply with any of the following duties is not to be treated as being a “registered overseas entity” until it remedies the failure.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>The duties are—</p></intro><level class="para1"><num>(a)</num><content><p>the duty to deliver to the registrar of companies the documents required by section 7 of the Economic Crime (Transparency and Enforcement) Act 2022 (updating duty);</p></content></level><level class="para1"><num>(b)</num><content><p>the duty to provide information to the registrar of companies in accordance with a notice under section <ref href="#d28e11932">1092A</ref> of the Companies Act 2006 (power of registrar to require information).</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>For the purposes of this paragraph a failure is remedied when the documents are delivered, or the information is provided, to the registrar of companies.</p></content></subparagraph></paragraph></quotedStructure></mod></p></content></subsection></section><section eId="section-178"><num>178</num><heading>Power to apply Part 1 amendments to register of overseas entities</heading><subsection eId="section-178-1"><num>(1)</num><content><p>Where provision made by the Economic Crime (Transparency and Enforcement) Act 2022 corresponds to provision made by the Companies Act 2006, the Secretary of State may by regulations make amendments to the 2022 Act corresponding to any amendments made by Part 1 of this Act to the provision in the 2006 Act.</p></content></subsection><subsection eId="section-178-2"><num>(2)</num><content><p>The Secretary of State must obtain the consent of the Scottish Ministers before making regulations under this section that contain provision that would be within the legislative competence of the Scottish Parliament if contained in an Act of that Parliament.</p></content></subsection><subsection eId="section-178-3"><num>(3)</num><intro><p>The Secretary of State must obtain the consent of the Department of Finance in Northern Ireland before making regulations under this section that contain provision that—</p></intro><level class="para1" eId="section-178-3-a"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level><level class="para1" eId="section-178-3-b"><num>(b)</num><content><p>would not, if contained in a Bill in the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State under section 8 of the Northern Ireland Act 1998.</p></content></level></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-174"><num>174</num><heading>Overseas entities: further information for transitional cases</heading><content><p>Schedule 7 (overseas entities: further information for transitional cases) amends the Economic Crime (Transparency and Enforcement) Act 2022 to impose further duties on overseas entities to deliver information to the registrar.</p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-175"><num>175</num><heading>Financial penalties: interaction with offences</heading><intro><p>In section 39 of the Economic Crime (Transparency and Enforcement) Act 2022 (financial penalties), in subsection (4)—</p></intro><level class="para1" eId="section-175-a"><num>(a)</num><content><p><mod>for paragraph (a) (but not the “and” at the end) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(a)</num><intro><p>no financial penalty may be imposed under the regulations on a person in respect of conduct amounting to an offence if—</p></intro><level class="para2"><num>(i)</num><content><p>proceedings have been brought against the person for that offence in respect of that conduct and the proceedings are ongoing, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the person has been convicted of that offence in respect of that conduct,</p></content></level></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-175-b"><num>(b)</num><content><p>in paragraph (b), omit “or continued”.</p></content></level></section>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-175-a"><num>(a)</num><content><p><mod>for paragraph (a) (but not the “and” at the end) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(a)</num><intro><p>no financial penalty may be imposed under the regulations on a person in respect of conduct amounting to an offence if—</p></intro><level class="para2"><num>(i)</num><content><p>proceedings have been brought against the person for that offence in respect of that conduct and the proceedings are ongoing, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the person has been convicted of that offence in respect of that conduct,</p></content></level></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-175-b"><num>(b)</num><content><p>in paragraph (b), omit “or continued”.</p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-176"><num>176</num><heading>Meaning of “service address”</heading><content><p><mod>In section 44 of the Economic Crime (Transparency and Enforcement) Act 2022 (interpretation), at the appropriate places, insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-the-companies-acts">the Companies Acts</term>” has the meaning given by section 2(1) of the Companies Act 2006;</p></content></hcontainer></quotedStructure></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-service-address">service address</term>” has the same meaning as in the Companies Acts (see section 1141(1) and (2) of the Companies Act 2006).</p></content></hcontainer></quotedStructure></mod></p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-177"><num>177</num><heading>Meaning of “registered overseas entity” in land registration legislation</heading><subsection eId="section-177-1"><num>(1)</num><content><p><mod>In Schedule 4A to the Land Registration Act 2002 (overseas entities), for paragraph 8 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><paragraph class="schProv1"><num>8</num><subparagraph eId="d28e26072"><num>(1)</num><content><p>For the purpose of this Schedule, an overseas entity that has failed to comply with any of the following duties is not to be treated as being a “registered overseas entity” until it remedies the failure.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>The duties are—</p></intro><level class="para1"><num>(a)</num><content><p>the duty to deliver to the registrar of companies the documents required by section 7 of the Economic Crime (Transparency and Enforcement) Act 2022 (updating duty);</p></content></level><level class="para1"><num>(b)</num><content><p>the duty to provide information to the registrar of companies in accordance with a notice under section <ref href="#d28e11932">1092A</ref> of the Companies Act 2006 (power of registrar to require information).</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>For the purposes of this paragraph the failure is remedied when the documents are delivered, or the information is provided, to the registrar of companies.</p></content></subparagraph></paragraph></quotedStructure></mod></p></content></subsection><subsection eId="section-177-2"><num>(2)</num><content><p>In section 21 of the Land Registration etc. (Scotland) Act <ref eId="c00020" href="http://www.legislation.gov.uk/id/asp/2012/5">2012 (asp 5)</ref> (application for registration of deed), the subsection (5) inserted by the Economic Crime (Transparency and Enforcement) Act 2022 is renumbered subsection (4A).</p></content></subsection><subsection eId="section-177-3"><num>(3)</num><content><p><mod>In schedule 1A to the Land Registration etc. (Scotland) Act 2012 (land transactions: overseas entities), in paragraph 9, for sub-paragraphs (2) and (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph eId="d28e26121"><num>(2)</num><content><p>For the purpose of this schedule, an overseas entity that has failed to comply with any of the following duties is not to be treated as being a “registered overseas entity” until it remedies the failure.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>The duties are—</p></intro><level class="para1"><num>(a)</num><content><p>the duty to deliver to the registrar of companies the documents required by section 7 of the Economic Crime (Transparency and Enforcement) Act 2022 (updating duty);</p></content></level><level class="para1"><num>(b)</num><content><p>the duty to provide information to the registrar of companies in accordance with a notice under section <ref href="#d28e11932">1092A</ref> of the Companies Act 2006 (power of registrar to require information).</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>For the purposes of sub-paragraph <ref href="#d28e26121">(2)</ref> the failure is remedied when the documents are delivered, or the information is provided, to the registrar of companies.</p></content></subparagraph></quotedStructure></mod></p></content></subsection><subsection eId="section-177-4"><num>(4)</num><content><p><mod>In Schedule 8A to the <ref eId="c00021" href="http://www.legislation.gov.uk/id/apni/1970/18">Land Registration Act (Northern Ireland) 1970 (c. 18 (N.I.))</ref> (overseas entities), for paragraph 7 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><paragraph class="schProv1"><num>7</num><subparagraph><num>(1)</num><content><p>For the purpose of this Schedule, an overseas entity that fails to comply with any of the following duties is not to be treated as being a “registered overseas entity” until it remedies the failure.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>The duties are—</p></intro><level class="para1"><num>(a)</num><content><p>the duty to deliver to the registrar of companies the documents required by section 7 of the Economic Crime (Transparency and Enforcement) Act 2022 (updating duty);</p></content></level><level class="para1"><num>(b)</num><content><p>the duty to provide information to the registrar of companies in accordance with a notice under section <ref href="#d28e11932">1092A</ref> of the Companies Act 2006 (power of registrar to require information).</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>For the purposes of this paragraph a failure is remedied when the documents are delivered, or the information is provided, to the registrar of companies.</p></content></subparagraph></paragraph></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-177-1"><num>(1)</num><content><p><mod>In Schedule 4A to the Land Registration Act 2002 (overseas entities), for paragraph 8 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><paragraph class="schProv1"><num>8</num><subparagraph eId="d28e26072"><num>(1)</num><content><p>For the purpose of this Schedule, an overseas entity that has failed to comply with any of the following duties is not to be treated as being a “registered overseas entity” until it remedies the failure.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>The duties are—</p></intro><level class="para1"><num>(a)</num><content><p>the duty to deliver to the registrar of companies the documents required by section 7 of the Economic Crime (Transparency and Enforcement) Act 2022 (updating duty);</p></content></level><level class="para1"><num>(b)</num><content><p>the duty to provide information to the registrar of companies in accordance with a notice under section <ref href="#d28e11932">1092A</ref> of the Companies Act 2006 (power of registrar to require information).</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>For the purposes of this paragraph the failure is remedied when the documents are delivered, or the information is provided, to the registrar of companies.</p></content></subparagraph></paragraph></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-177-2"><num>(2)</num><content><p>In section 21 of the Land Registration etc. (Scotland) Act <ref eId="c00020" href="http://www.legislation.gov.uk/id/asp/2012/5">2012 (asp 5)</ref> (application for registration of deed), the subsection (5) inserted by the Economic Crime (Transparency and Enforcement) Act 2022 is renumbered subsection (4A).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-177-3"><num>(3)</num><content><p><mod>In schedule 1A to the Land Registration etc. (Scotland) Act 2012 (land transactions: overseas entities), in paragraph 9, for sub-paragraphs (2) and (3) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph eId="d28e26121"><num>(2)</num><content><p>For the purpose of this schedule, an overseas entity that has failed to comply with any of the following duties is not to be treated as being a “registered overseas entity” until it remedies the failure.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>The duties are—</p></intro><level class="para1"><num>(a)</num><content><p>the duty to deliver to the registrar of companies the documents required by section 7 of the Economic Crime (Transparency and Enforcement) Act 2022 (updating duty);</p></content></level><level class="para1"><num>(b)</num><content><p>the duty to provide information to the registrar of companies in accordance with a notice under section <ref href="#d28e11932">1092A</ref> of the Companies Act 2006 (power of registrar to require information).</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>For the purposes of sub-paragraph <ref href="#d28e26121">(2)</ref> the failure is remedied when the documents are delivered, or the information is provided, to the registrar of companies.</p></content></subparagraph></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-177-4"><num>(4)</num><content><p><mod>In Schedule 8A to the <ref eId="c00021" href="http://www.legislation.gov.uk/id/apni/1970/18">Land Registration Act (Northern Ireland) 1970 (c. 18 (N.I.))</ref> (overseas entities), for paragraph 7 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><paragraph class="schProv1"><num>7</num><subparagraph><num>(1)</num><content><p>For the purpose of this Schedule, an overseas entity that fails to comply with any of the following duties is not to be treated as being a “registered overseas entity” until it remedies the failure.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>The duties are—</p></intro><level class="para1"><num>(a)</num><content><p>the duty to deliver to the registrar of companies the documents required by section 7 of the Economic Crime (Transparency and Enforcement) Act 2022 (updating duty);</p></content></level><level class="para1"><num>(b)</num><content><p>the duty to provide information to the registrar of companies in accordance with a notice under section <ref href="#d28e11932">1092A</ref> of the Companies Act 2006 (power of registrar to require information).</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>For the purposes of this paragraph a failure is remedied when the documents are delivered, or the information is provided, to the registrar of companies.</p></content></subparagraph></paragraph></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-178"><num>178</num><heading>Power to apply Part 1 amendments to register of overseas entities</heading><subsection eId="section-178-1"><num>(1)</num><content><p>Where provision made by the Economic Crime (Transparency and Enforcement) Act 2022 corresponds to provision made by the Companies Act 2006, the Secretary of State may by regulations make amendments to the 2022 Act corresponding to any amendments made by Part 1 of this Act to the provision in the 2006 Act.</p></content></subsection><subsection eId="section-178-2"><num>(2)</num><content><p>The Secretary of State must obtain the consent of the Scottish Ministers before making regulations under this section that contain provision that would be within the legislative competence of the Scottish Parliament if contained in an Act of that Parliament.</p></content></subsection><subsection eId="section-178-3"><num>(3)</num><intro><p>The Secretary of State must obtain the consent of the Department of Finance in Northern Ireland before making regulations under this section that contain provision that—</p></intro><level class="para1" eId="section-178-3-a"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level><level class="para1" eId="section-178-3-b"><num>(b)</num><content><p>would not, if contained in a Bill in the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State under section 8 of the Northern Ireland Act 1998.</p></content></level></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-178-1"><num>(1)</num><content><p>Where provision made by the Economic Crime (Transparency and Enforcement) Act 2022 corresponds to provision made by the Companies Act 2006, the Secretary of State may by regulations make amendments to the 2022 Act corresponding to any amendments made by Part 1 of this Act to the provision in the 2006 Act.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-178-2"><num>(2)</num><content><p>The Secretary of State must obtain the consent of the Scottish Ministers before making regulations under this section that contain provision that would be within the legislative competence of the Scottish Parliament if contained in an Act of that Parliament.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-178-3"><num>(3)</num><intro><p>The Secretary of State must obtain the consent of the Department of Finance in Northern Ireland before making regulations under this section that contain provision that—</p></intro><level class="para1" eId="section-178-3-a"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level><level class="para1" eId="section-178-3-b"><num>(b)</num><content><p>would not, if contained in a Bill in the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State under section 8 of the Northern Ireland Act 1998.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-178-3-a"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-178-3-b"><num>(b)</num><content><p>would not, if contained in a Bill in the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State under section 8 of the Northern Ireland Act 1998.</p></content></level>
<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="part-4"><num>PART 4</num><heading>Cryptoassets</heading><section eId="section-179"><num>179</num><heading>Cryptoassets: confiscation orders</heading><content><p>Schedule 8 amends the Proceeds of Crime Act 2002 to make provision in connection with cryptoassets and confiscation orders under Parts 2, 3 and 4 of that Act.</p></content></section><section eId="section-180"><num>180</num><heading>Cryptoassets: civil recovery</heading><subsection eId="section-180-1"><num>(1)</num><content><p>Schedule 9 amends the Proceeds of Crime Act 2002 to make provision for a civil recovery regime in relation to cryptoassets.</p></content></subsection><subsection eId="section-180-2"><num>(2)</num><content><p>It also contains related amendments.</p></content></subsection></section><section eId="section-181"><num>181</num><heading>Cryptoassets: terrorism</heading><subsection eId="section-181-1"><num>(1)</num><intro><p>Part 1 of Schedule 10 amends the Anti-terrorism, Crime and Security Act 2001 to make provision for a civil recovery regime in relation to cryptoassets which—</p></intro><level class="para1" eId="section-181-1-a"><num>(a)</num><content><p>are intended to be used for the purposes of terrorism,</p></content></level><level class="para1" eId="section-181-1-b"><num>(b)</num><content><p>consist of resources of an organisation which is a proscribed organisation, or</p></content></level><level class="para1" eId="section-181-1-c"><num>(c)</num><content><p>are, or represent, property obtained through terrorism.</p></content></level></subsection><subsection eId="section-181-2"><num>(2)</num><content><p>Part 2 of Schedule 10 amends the Terrorism Act 2000 to make provision about financial institutions and cryptoassets.</p></content></subsection></section></part>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-179"><num>179</num><heading>Cryptoassets: confiscation orders</heading><content><p>Schedule 8 amends the Proceeds of Crime Act 2002 to make provision in connection with cryptoassets and confiscation orders under Parts 2, 3 and 4 of that Act.</p></content></section>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-180"><num>180</num><heading>Cryptoassets: civil recovery</heading><subsection eId="section-180-1"><num>(1)</num><content><p>Schedule 9 amends the Proceeds of Crime Act 2002 to make provision for a civil recovery regime in relation to cryptoassets.</p></content></subsection><subsection eId="section-180-2"><num>(2)</num><content><p>It also contains related amendments.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-180-1"><num>(1)</num><content><p>Schedule 9 amends the Proceeds of Crime Act 2002 to make provision for a civil recovery regime in relation to cryptoassets.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-180-2"><num>(2)</num><content><p>It also contains related amendments.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-181"><num>181</num><heading>Cryptoassets: terrorism</heading><subsection eId="section-181-1"><num>(1)</num><intro><p>Part 1 of Schedule 10 amends the Anti-terrorism, Crime and Security Act 2001 to make provision for a civil recovery regime in relation to cryptoassets which—</p></intro><level class="para1" eId="section-181-1-a"><num>(a)</num><content><p>are intended to be used for the purposes of terrorism,</p></content></level><level class="para1" eId="section-181-1-b"><num>(b)</num><content><p>consist of resources of an organisation which is a proscribed organisation, or</p></content></level><level class="para1" eId="section-181-1-c"><num>(c)</num><content><p>are, or represent, property obtained through terrorism.</p></content></level></subsection><subsection eId="section-181-2"><num>(2)</num><content><p>Part 2 of Schedule 10 amends the Terrorism Act 2000 to make provision about financial institutions and cryptoassets.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-181-1"><num>(1)</num><intro><p>Part 1 of Schedule 10 amends the Anti-terrorism, Crime and Security Act 2001 to make provision for a civil recovery regime in relation to cryptoassets which—</p></intro><level class="para1" eId="section-181-1-a"><num>(a)</num><content><p>are intended to be used for the purposes of terrorism,</p></content></level><level class="para1" eId="section-181-1-b"><num>(b)</num><content><p>consist of resources of an organisation which is a proscribed organisation, or</p></content></level><level class="para1" eId="section-181-1-c"><num>(c)</num><content><p>are, or represent, property obtained through terrorism.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-181-1-a"><num>(a)</num><content><p>are intended to be used for the purposes of terrorism,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-181-1-b"><num>(b)</num><content><p>consist of resources of an organisation which is a proscribed organisation, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-181-1-c"><num>(c)</num><content><p>are, or represent, property obtained through terrorism.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-181-2"><num>(2)</num><content><p>Part 2 of Schedule 10 amends the Terrorism Act 2000 to make provision about financial institutions and cryptoassets.</p></content></subsection>
<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="part-5"><num>PART 5</num><heading>Miscellaneous</heading><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-money-laundering-and-terrorist-financing"><heading>Money laundering and terrorist financing</heading><section eId="section-182"><num>182</num><heading>Money laundering: exiting and paying away exemptions</heading><subsection eId="section-182-1"><num>(1)</num><content><p>The Proceeds of Crime Act 2002 is amended as follows.</p></content></subsection><subsection eId="section-182-2"><num>(2)</num><content><p><mod>In section 327 (concealing etc), after subsection (2C) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26351"><num>(2D)</num><intro><p>A person (“<term refersTo="#term-p">P</term>”) who does an act mentioned in paragraph (c) or (d) of subsection (1) does not commit an offence under that subsection if—</p></intro><level class="para1"><num>(a)</num><content><p>P is carrying on business in the regulated sector that is not excluded business,</p></content></level><level class="para1"><num>(b)</num><intro><p>P does the act, in the course of that business—</p></intro><level class="para2"><num>(i)</num><content><p>in transferring or handing over to a customer or client money or other property of, or owing to, the customer or client, and</p></content></level><level class="para2"><num>(ii)</num><content><p>for the purposes of the termination of P’s business relationship with the customer or client,</p></content></level></level><level class="para1"><num>(c)</num><content><p>the total value of the criminal property so transferred or handed over to the customer or client by P for those purposes is less than the threshold amount determined under section 339A for the act, and</p></content></level><level class="para1"><num>(d)</num><content><p>before the act is done, P has complied with the customer due diligence duties.</p></content></level></subsection><subsection><num>(2E)</num><intro><p>For the purposes of subsection <ref href="#d28e26351">(2D)</ref>—</p></intro><level class="para1" eId="d28e26405"><num>(a)</num><content><p>business is “excluded” if it is of a description specified in regulations made by the Secretary of State for the purposes of this paragraph;</p></content></level><level class="para1"><num>(b)</num><content><p>a reference to property being transferred or handed over to the customer or client includes a reference to property being transferred or handed over to another person at the direction of the customer or client;</p></content></level><level class="para1"><num>(c)</num><content><p>“<term refersTo="#term-customer-due-diligence-duties">customer due diligence duties</term>” means all duties imposed on P in relation to the customer or client by regulation 28(2), (3), (3A), (4), (8) or (10) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (<ref eId="c00022" href="http://www.legislation.gov.uk/id/uksi/2017/692">S.I. 2017/692</ref>) (customer due diligence measures).</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-182-3"><num>(3)</num><content><p><mod>In section 328 (arrangements), after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26436"><num>(6)</num><intro><p>A person (“<term refersTo="#term-p">P</term>”) who does an act mentioned in subsection (1) does not commit an offence under that subsection if—</p></intro><level class="para1"><num>(a)</num><content><p>P is carrying on business in the regulated sector that is not excluded business,</p></content></level><level class="para1"><num>(b)</num><intro><p>P does the act, in the course of that business—</p></intro><level class="para2"><num>(i)</num><content><p>in transferring or handing over to a customer or client money or other property of, or owing to, the customer or client, and</p></content></level><level class="para2"><num>(ii)</num><content><p>for the purposes of the termination of P’s business relationship with the customer or client,</p></content></level></level><level class="para1"><num>(c)</num><content><p>the total value of the criminal property so transferred or handed over to the customer or client by P for those purposes is less than the threshold amount determined under section 339A for the act, and</p></content></level><level class="para1"><num>(d)</num><content><p>before the act is done, P has complied with the customer due diligence duties.</p></content></level></subsection><subsection><num>(7)</num><intro><p>For the purposes of subsection <ref href="#d28e26436">(6)</ref>—</p></intro><level class="para1" eId="d28e26490"><num>(a)</num><content><p>business is “excluded” if it is of a description specified in regulations made by the Secretary of State for the purposes of this subsection;</p></content></level><level class="para1"><num>(b)</num><content><p>a reference to property being transferred or handed over to the customer or client includes a reference to property being transferred or handed over to another person at the direction of the customer or client;</p></content></level><level class="para1"><num>(c)</num><content><p>“<term refersTo="#term-customer-due-diligence-duties">customer due diligence duties</term>” means all duties imposed on P in relation to the customer or client by regulation 28(2), (3), (3A), (4), (8) or (10) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (<ref eId="c00023" href="http://www.legislation.gov.uk/id/uksi/2017/692">S.I. 2017/692</ref>) (customer due diligence measures).</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-182-4"><num>(4)</num><content><p><mod>In section 329 (acquisition, use and possession), after subsection (2C) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26521"><num>(2D)</num><intro><p>A person (“<term refersTo="#term-p">P</term>”) who does an act mentioned in subsection (1) does not commit an offence under that subsection if—</p></intro><level class="para1"><num>(a)</num><content><p>P is carrying on business in the regulated sector that is not excluded business,</p></content></level><level class="para1"><num>(b)</num><intro><p>P does the act, in the course of that business—</p></intro><level class="para2"><num>(i)</num><content><p>in transferring or handing over to the customer or client property of, or owing to, a customer or client, and</p></content></level><level class="para2"><num>(ii)</num><content><p>for the purposes of the termination of P’s business relationship with the customer or client,</p></content></level></level><level class="para1"><num>(c)</num><content><p>the total value of the criminal property so transferred or handed over to the customer or client by P for those purposes is less than the threshold amount determined under section 339A for the act, and</p></content></level><level class="para1"><num>(d)</num><content><p>before the act is done, P has complied with the customer due diligence duties.</p></content></level></subsection><subsection><num>(2E)</num><intro><p>For the purposes of subsection <ref href="#d28e26521">(2D)</ref>—</p></intro><level class="para1" eId="d28e26575"><num>(a)</num><content><p>business is “excluded” if it is of a description specified in regulations made by the Secretary of State for the purposes of this subsection;</p></content></level><level class="para1"><num>(b)</num><content><p>a reference to property being transferred or handed over to the customer or client includes a reference to property being transferred or handed over to another person at the direction of the customer or client;</p></content></level><level class="para1"><num>(c)</num><content><p>“<term refersTo="#term-customer-due-diligence-duties">customer due diligence duties</term>” means all duties imposed on P in relation to the customer or client by regulation 28(2), (3), (3A), (4), (8) or (10) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (<ref eId="c00024" href="http://www.legislation.gov.uk/id/uksi/2017/692">S.I. 2017/692</ref>) (customer due diligence measures).</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-182-5"><num>(5)</num><intro><p>In section 339A (threshold amounts)—</p></intro><level class="para1" eId="section-182-5-a"><num>(a)</num><content><p><mod>for subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>In this section—</p></intro><level class="para1"><num>(a)</num><content><p>subsections (2) to (6) apply for the purposes of sections 327(2C), 328(5) and 329(2C), and</p></content></level><level class="para1"><num>(b)</num><content><p>subsection (6A) applies for the purposes of sections 327<ref href="#d28e26351">(2D)</ref>, 328<ref href="#d28e26436">(6)</ref> and 329<ref href="#d28e26521">(2D)</ref>.</p></content></level></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-182-5-b"><num>(b)</num><content><p><mod>after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26648"><num>(6A)</num><content><p>The threshold amount for acts done by a person carrying on business in the regulated sector, for the purposes of the termination of a business relationship with a customer or client, is £1000.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-182-5-c"><num>(c)</num><content><p><mod>in subsection (7), after “subsection (2)” insert <quotedText>“or <ref href="#d28e26648">(6A)</ref>”</quotedText>.</mod></p></content></level></subsection><subsection eId="section-182-6"><num>(6)</num><content><p><mod>In section 340 (interpretation of Part 7), after subsection (16) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(17)</num><intro><p>“<term refersTo="#term-business-relationship">Business relationship</term>” means a business, professional or commercial relationship between a person carrying on business in the regulated sector and a customer or client, where the relationship—</p></intro><level class="para1"><num>(a)</num><content><p>arises out of the business of that person, and</p></content></level><level class="para1"><num>(b)</num><content><p>is expected by that person, at the time when contact is established, to have an element of duration.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-182-7"><num>(7)</num><intro><p>In section 459 (orders and regulations)—</p></intro><level class="para1" eId="section-182-7-a"><num>(a)</num><content><p><mod>in subsection (4), after paragraph (aza) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(azaa)</num><content><p>regulations under section 327<ref href="#d28e26405">(2E)(a)</ref>, 328<ref href="#d28e26490">(7)(a)</ref> or 329<ref href="#d28e26575">(2E)(a)</ref>;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-182-7-b"><num>(b)</num><content><p><mod>after subsection (6ZB) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6ZBA)</num><content><p>No regulations may be made by the Secretary of State under section 327<ref href="#d28e26405">(2E)(a)</ref>, 328<ref href="#d28e26490">(7)(a)</ref> or 329<ref href="#d28e26575">(2E)(a)</ref> unless a draft of the regulations has been laid before Parliament and approved by a resolution of each House.</p></content></subsection></quotedStructure></mod></p></content></level></subsection></section><section eId="section-183"><num>183</num><heading>Money laundering: exemptions for mixed-property transactions</heading><subsection eId="section-183-1"><num>(1)</num><content><p>The Proceeds of Crime Act 2002 is amended as follows.</p></content></subsection><subsection eId="section-183-2"><num>(2)</num><content><p><mod>In section 327 (concealing etc), after subsection (2E) (inserted by section 182) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26770"><num>(2F)</num><intro><p>A person (“<term refersTo="#term-p">P</term>”) who does an act mentioned in paragraph (c), (d) or (e) of subsection (1) does not commit an offence under that subsection if—</p></intro><level class="para1"><num>(a)</num><content><p>P is carrying on business in the regulated sector,</p></content></level><level class="para1"><num>(b)</num><content><p>P does the act in the course of that business, on behalf of a customer or client, in operating an account or accounts maintained with P or in connection with holding any property for the customer or client,</p></content></level><level class="para1"><num>(c)</num><content><p>at the time of the act, P knows or suspects that part but not all of the funds in the account or accounts, or of the property so held, is criminal property (“the relevant criminal property”),</p></content></level><level class="para1"><num>(d)</num><content><p>it is not possible, at the time the act takes place, to identify the part of the funds or property that is the relevant criminal property, and</p></content></level><level class="para1"><num>(e)</num><content><p>the value of the funds in the account or accounts, or of the property so held, is not, as a direct or indirect result of the act, less than the value of the relevant criminal property at the time of the act.</p></content></level></subsection><subsection><num>(2G)</num><intro><p>Where subsection <ref href="#d28e26770">(2F)</ref> applies—</p></intro><level class="para1"><num>(a)</num><content><p>if P does the act in operating an account or accounts, the funds in the account or accounts immediately after the act are assumed to include the relevant criminal property, and</p></content></level><level class="para1"><num>(b)</num><content><p>if P does the act in connection with holding any property for the customer or client, such of that property as is held by P immediately after the act is assumed to include the relevant criminal property.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-183-3"><num>(3)</num><content><p><mod>In section 328 (arrangements), after subsection (7) (inserted by section 182) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26837"><num>(8)</num><intro><p>A person (“<term refersTo="#term-p">P</term>”) who does an act mentioned in subsection (1) does not commit an offence under that subsection if—</p></intro><level class="para1"><num>(a)</num><content><p>P is carrying on business in the regulated sector,</p></content></level><level class="para1"><num>(b)</num><content><p>P does the act in the course of that business, on behalf of a customer or client, in operating an account or accounts maintained with P or in connection with holding any property for the customer or client,</p></content></level><level class="para1"><num>(c)</num><content><p>at the time of the act, P knows or suspects that part but not all of the funds in the account or accounts, or of the property so held, is criminal property (“the relevant criminal property”),</p></content></level><level class="para1"><num>(d)</num><content><p>it is not possible, at the time the act takes place, to identify the part of the funds or property that is the relevant criminal property, and</p></content></level><level class="para1"><num>(e)</num><content><p>the value of the funds in the account or accounts, or of the property so held, is not, as a direct or indirect result of the act, less than the value of the relevant criminal property at the time of the act.</p></content></level></subsection><subsection><num>(9)</num><intro><p>Where subsection <ref href="#d28e26837">(8)</ref> applies—</p></intro><level class="para1"><num>(a)</num><content><p>if P does the act in operating an account or accounts, the funds in the account or accounts immediately after the act are assumed to include the relevant criminal property, and</p></content></level><level class="para1"><num>(b)</num><content><p>if P does the act in connection with holding any property for the customer or client, such of that property as is held by P immediately after the act is assumed to include the relevant criminal property.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-183-4"><num>(4)</num><content><p><mod>In section 329 (acquisition, use and possession), after subsection (2E) (inserted by section 182), insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26904"><num>(2F)</num><intro><p>A person (“<term refersTo="#term-p">P</term>”) who does an act mentioned in subsection (1) does not commit an offence under that subsection if—</p></intro><level class="para1"><num>(a)</num><content><p>P is carrying on business in the regulated sector,</p></content></level><level class="para1"><num>(b)</num><content><p>P does the act in the course of that business, on behalf of a customer or client, in operating an account or accounts maintained with P or in connection with holding any property for the customer or client,</p></content></level><level class="para1"><num>(c)</num><content><p>at the time of the act, P knows or suspects that part but not all of the funds in the account or accounts, or of the property so held, is criminal property (“the relevant criminal property”),</p></content></level><level class="para1"><num>(d)</num><content><p>it is not possible, at the time the act takes place, to identify the part of the funds or property that is the relevant criminal property, and</p></content></level><level class="para1"><num>(e)</num><content><p>the value of the funds in the account or accounts, or of the property so held, is not, as a direct or indirect result of the act, less than the value of the relevant criminal property at the time of the act.</p></content></level></subsection><subsection><num>(2G)</num><intro><p>Where subsection <ref href="#d28e26904">(2F)</ref> applies—</p></intro><level class="para1"><num>(a)</num><content><p>if P does the act in operating an account or accounts, the funds in the account or accounts immediately after the act are assumed to include the relevant criminal property, and</p></content></level><level class="para1"><num>(b)</num><content><p>if P does the act in connection with holding any property for the customer or client, such of that property as is held by P immediately after the act is assumed to include the relevant criminal property.</p></content></level></subsection></quotedStructure></mod></p></content></subsection></section><section eId="section-184"><num>184</num><heading>Money laundering: offences of failing to disclose</heading><subsection eId="section-184-1"><num>(1)</num><content><p>The Proceeds of Crime Act 2002 is amended as follows.</p></content></subsection><subsection eId="section-184-2"><num>(2)</num><intro><p>In section 330 (failure to disclose: regulated sector)—</p></intro><level class="para1" eId="section-184-2-a"><num>(a)</num><content><p>subsection (7A) is moved to after subsection (7B) and is renumbered subsection (7C);</p></content></level><level class="para1" eId="section-184-2-b"><num>(b)</num><content><p><mod>after that subsection as moved and renumbered, insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7D)</num><intro><p>Nor does a person commit an offence under this section if—</p></intro><level class="para1"><num>(a)</num><content><p>the information or other matter mentioned in subsection (3) consists of or includes information that was obtained only in consequence of the carrying out of a status check under section 40 of the Immigration Act 2014 or an immigration check under section 40A of that Act or both, and</p></content></level><level class="para1"><num>(b)</num><content><p>but for the information so obtained the person would not have reasonable grounds for knowing or suspecting that another person is engaged in money laundering.</p></content></level></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-184-3"><num>(3)</num><content><p><mod>In section 331 (failure to disclose: nominated officers in the regulated sector), after subsection (6A) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6B)</num><intro><p>Nor does a person commit an offence under this section if—</p></intro><level class="para1"><num>(a)</num><content><p>the information or other matter disclosed to the person under section 330 consists of or includes information that was obtained only in consequence of the carrying out of a status check under section 40 of the Immigration Act 2014 or an immigration check under section 40A of that Act or both, and</p></content></level><level class="para1"><num>(b)</num><content><p>but for the information so obtained the person would not have reasonable grounds for knowing or suspecting that another person is engaged in money laundering.</p></content></level></subsection></quotedStructure></mod></p></content></subsection></section><section eId="section-185"><num>185</num><heading>Money laundering: information orders</heading><subsection eId="section-185-1"><num>(1)</num><content><p>Section 339ZH of the Proceeds of Crime Act 2002 (further information orders) is amended in accordance with subsections <ref href="#section-185-2">(2)</ref> to <ref href="#section-185-11">(11)</ref>.</p></content></subsection><subsection eId="section-185-2"><num>(2)</num><content><p><mod>In the heading for “Further information” substitute <quotedText>“Information”</quotedText>.</mod></p></content></subsection><subsection eId="section-185-3"><num>(3)</num><intro><p>In subsection (1)—</p></intro><level class="para1" eId="section-185-3-a"><num>(a)</num><content><p><mod>for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para1" eId="section-185-3-b"><num>(b)</num><content><p><mod>for “either condition 1 or condition 2” substitute <quotedText>“one of conditions 1 to 4”</quotedText>.</mod></p></content></level></subsection><subsection eId="section-185-4"><num>(4)</num><content><p><mod>In subsection (3) for “A further” substitute <quotedText>“An”</quotedText>.</mod></p></content></subsection><subsection eId="section-185-5"><num>(5)</num><content><p><mod>In subsection (4) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection><subsection eId="section-185-6"><num>(6)</num><content><p><mod>In subsection (5) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection><subsection eId="section-185-7"><num>(7)</num><content><p><mod>After subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e27142"><num>(6A)</num><intro><p>Condition 3 for the making of an information order is met if—</p></intro><level class="para1"><num>(a)</num><intro><p>the information would assist an authorised NCA officer to conduct—</p></intro><level class="para2"><num>(i)</num><content><p>operational analysis of information that is relevant to money laundering or suspected money laundering, or</p></content></level><level class="para2"><num>(ii)</num><content><p>strategic analysis identifying trends or patterns in the conduct of money laundering, or systemic deficiencies or vulnerabilities which have been, are being or are likely to be, exploited for the purposes of money laundering,</p></content></level><wrapUp><p>for the purposes of the criminal intelligence function of the National Crime Agency, so far as it relates to money laundering,</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>the respondent is a person carrying on a business in the regulated sector,</p></content></level><level class="para1"><num>(c)</num><content><p>where the application for the order is made to a magistrates’ court, the person making the application has had regard to the code of practice under section 339ZL,</p></content></level><level class="para1"><num>(d)</num><intro><p>where the application for the order is made to the sheriff—</p></intro><level class="para2"><num>(i)</num><content><p>the application is made by a procurator fiscal at the request of the Director General of the National Crime Agency or an authorised NCA officer, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the person making that request has had regard to the code of practice under section 339ZL, and</p></content></level></level><level class="para1"><num>(e)</num><content><p>it is reasonable in all the circumstances for the information to be provided.</p></content></level></subsection><subsection eId="d28e27204"><num>(6B)</num><intro><p>Condition 4 for the making of an information order is met if—</p></intro><level class="para1"><num>(a)</num><content><p>a request has been made by a foreign FIU to the National Crime Agency for the provision of the information required to be given under the order,</p></content></level><level class="para1"><num>(b)</num><intro><p>an authorised NCA officer has reasonable grounds to believe that the request was made only for the purpose of assisting the foreign FIU to conduct one or both of the following—</p></intro><level class="para2"><num>(i)</num><content><p>operational analysis of information that is relevant to money laundering or suspected money laundering, or</p></content></level><level class="para2"><num>(ii)</num><content><p>strategic analysis identifying trends or patterns in the conduct of money laundering, or systematic deficiencies or vulnerabilities which have been, are being or are likely to be, exploited for the purposes of money laundering,</p></content></level><wrapUp><p>and that the information is likely to be of substantial value to the foreign FIU in carrying out such analysis,</p></wrapUp></level><level class="para1"><num>(c)</num><content><p>the provision of the information by the National Crime Agency to the foreign FIU would be for the purposes of the criminal intelligence function of the National Crime Agency, so far as it relates to money laundering,</p></content></level><level class="para1"><num>(d)</num><content><p>the respondent is a person carrying on a business in the regulated sector,</p></content></level><level class="para1"><num>(e)</num><content><p>where the application for the order is made to a magistrates’ court, the person making the application has had regard to the code of practice under section 339ZL,</p></content></level><level class="para1"><num>(f)</num><intro><p>where the application for the order is made to the sheriff—</p></intro><level class="para2"><num>(i)</num><content><p>the application is made by a procurator fiscal at the request of the Director General of the National Crime Agency or an authorised NCA officer, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the person making that request has had regard to the code of practice under section 339ZL, and</p></content></level></level><level class="para1"><num>(g)</num><content><p>it is reasonable in all the circumstances for the information to be provided.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-185-8"><num>(8)</num><content><p><mod>In subsection (7) for “A further” substitute <quotedText>“An”</quotedText>.</mod></p></content></subsection><subsection eId="section-185-9"><num>(9)</num><content><p><mod>In subsection (8) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection><subsection eId="section-185-10"><num>(10)</num><content><p><mod>In subsection (12), at the appropriate places, insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-authorised-nca-officer">authorised NCA officer</term>” means a National Crime Agency officer authorised by the Director General (whether generally or specifically) for the purposes of this section;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-the-criminal-intelligence-function">the criminal intelligence function</term>” has the meaning given by section 1(5) of the Crime and Courts Act 2013;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-foreign-fiu">foreign FIU</term>” means a body in a foreign country carrying out the functions of a financial intelligence unit within the meaning of Recommendation 29 of the Financial Action Task Force (as that Recommendation has effect from time to time);</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-185-11"><num>(11)</num><content><p><mod>In that subsection, in the definition of “relevant person”, in paragraph (a), for “other National Crime Agency officer” to the end substitute <quotedText>“authorised NCA officer,”</quotedText>.</mod></p></content></subsection><subsection eId="section-185-12"><num>(12)</num><content><p><mod>After section 339ZK of the Proceeds of Crime Act 2002 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>339ZL</num><heading>Code of practice about certain information orders</heading><subsection><num>(1)</num><intro><p>The Secretary of State must make a code of practice in connection with the exercise of the following functions by the Director General of the National Crime Agency or an authorised NCA officer—</p></intro><level class="para1"><num>(a)</num><content><p>the making of an application to the magistrates’ court for an information order in reliance on Condition 3 or 4 in section 339ZH being met;</p></content></level><level class="para1"><num>(b)</num><content><p>the making of a request to a procurator fiscal for the procurator fiscal to apply for an information order in reliance on Condition 3 or 4 in section 339ZH being met.</p></content></level></subsection><subsection><num>(2)</num><intro><p>Where the Secretary of State proposes to issue a code of practice the Secretary of State must—</p></intro><level class="para1"><num>(a)</num><content><p>publish a draft,</p></content></level><level class="para1"><num>(b)</num><content><p>consider any representations made about the draft, and</p></content></level><level class="para1"><num>(c)</num><content><p>if the Secretary of State thinks appropriate, modify the draft in the light of any such representations.</p></content></level></subsection><subsection><num>(3)</num><content><p>A requirement in paragraph (a), (b) or (c) of subsection (2) may be satisfied by the carrying out of the action required by the paragraph in question before this section comes into force.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State must lay a draft of the code before Parliament.</p></content></subsection><subsection eId="d28e27422"><num>(5)</num><content><p>When the Secretary of State has laid a draft of the code before Parliament the Secretary of State may bring it into operation by regulations.</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State may revise the whole or any part of the code and issue the code as revised; and subsections (2) to <ref href="#d28e27422">(5)</ref> apply to a revised code as they apply to the original code.</p></content></subsection><subsection><num>(7)</num><content><p>A failure by a person to comply with a provision of the code does not of itself make the person liable to criminal or civil proceedings.</p></content></subsection><subsection><num>(8)</num><content><p>The code is admissible in evidence in criminal or civil proceedings and is to be taken into account by a court or tribunal in any case in which it appears to the court or tribunal to be relevant.</p></content></subsection><subsection><num>(9)</num><content><p>A code of practice made under this section may be combined with a code of practice under section 22F of the Terrorism Act 2000 (code of practice relating to information orders under section 22B(1A) of that Act).</p></content></subsection><subsection><num>(10)</num><content><p>In this section “<term refersTo="#term-authorised-nca-officer">authorised NCA officer</term>” has the meaning given in section 339ZH(12).</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-185-13"><num>(13)</num><intro><p>In section 459 of that Act (orders and regulations)—</p></intro><level class="para1" eId="section-185-13-a"><num>(a)</num><content><p><mod>in subsection (4), after paragraph (azaa) (inserted by section 182(7)(a) of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(azab)</num><content><p>regulations under section 339ZL<ref href="#d28e27422">(5)</ref>;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-185-13-b"><num>(b)</num><content><p><mod>after subsection (6ZBA) (inserted by section 182(7)(b) of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6ZBB)</num><content><p>No regulations may be made by the Secretary of State under section 339ZL<ref href="#d28e27422">(5)</ref> unless a draft of the regulations has been laid before Parliament and approved by a resolution of each House.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-185-14"><num>(14)</num><intro><p>In consequence of further information orders being renamed information orders by this section, the following amendments are also made to that Act—</p></intro><level class="para1" eId="section-185-14-a"><num>(a)</num><content><p><mod>in the italic heading before section 339ZH for “Further information” substitute <quotedText>“Information”</quotedText>;</mod></p></content></level><level class="para1" eId="section-185-14-b"><num>(b)</num><content><p><mod>in section 339ZI (statements), in subsection (1) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para1" eId="section-185-14-c"><num>(c)</num><content><p><mod>in section 339ZJ (appeals), in subsections (1) and (4)(a) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para1" eId="section-185-14-d"><num>(d)</num><intro><p>in section 339ZK (supplementary)—</p></intro><level class="para2" eId="section-185-14-d-i"><num>(i)</num><content><p><mod>in subsection (1) for “A further” substitute <quotedText>“An”</quotedText>;</mod></p></content></level><level class="para2" eId="section-185-14-d-ii"><num>(ii)</num><content><p><mod>in subsection (3) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para2" eId="section-185-14-d-iii"><num>(iii)</num><content><p><mod>in subsection (4) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para2" eId="section-185-14-d-iv"><num>(iv)</num><content><p>in subsection (5) omit “further”;</p></content></level></level><level class="para1" eId="section-185-14-e"><num>(e)</num><content><p><mod>in section 340 (interpretation), in subsection (15) for “Further information” substitute <quotedText>“Information”</quotedText>.</mod></p></content></level></subsection></section><section eId="section-186"><num>186</num><heading>Terrorist financing: information orders</heading><subsection eId="section-186-1"><num>(1)</num><content><p>Section 22B of the Terrorism Act 2000 (further information orders) is amended in accordance with subsections <ref href="#section-186-2">(2)</ref> to <ref href="#section-186-12">(12)</ref>.</p></content></subsection><subsection eId="section-186-2"><num>(2)</num><content><p><mod>In the heading for “Further information” substitute <quotedText>“Information”</quotedText>.</mod></p></content></subsection><subsection eId="section-186-3"><num>(3)</num><content><p><mod>In subsection (1) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection><subsection eId="section-186-4"><num>(4)</num><content><p><mod>After subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><intro><p>A magistrates’ court or (in Scotland) the sheriff may, on an application made—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a magistrates’ court, by the Director General of the National Crime Agency or an authorised NCA officer, and</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of the sheriff, by a procurator fiscal,</p></content></level><wrapUp><p>make an information order if satisfied that either condition 3 or condition 4 is met.</p></wrapUp></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-186-5"><num>(5)</num><content><p><mod>In subsection (3) for “A further” substitute <quotedText>“An”</quotedText>.</mod></p></content></subsection><subsection eId="section-186-6"><num>(6)</num><content><p><mod>In subsection (4) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection><subsection eId="section-186-7"><num>(7)</num><content><p><mod>In subsection (5) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection><subsection eId="section-186-8"><num>(8)</num><content><p><mod>After subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e27704"><num>(6A)</num><intro><p>Condition 3 for the making of an information order is met if—</p></intro><level class="para1"><num>(a)</num><intro><p>the information would assist an authorised NCA officer to conduct—</p></intro><level class="para2"><num>(i)</num><content><p>operational analysis of information that is relevant to terrorist financing or suspected terrorist financing, or</p></content></level><level class="para2"><num>(ii)</num><content><p>strategic analysis identifying trends or patterns in the conduct of terrorist financing, or systemic deficiencies or vulnerabilities which have been, are being or are likely to be, exploited for the purposes of terrorist financing,</p></content></level><wrapUp><p>for the purposes of the criminal intelligence function of the National Crime Agency so far as it relates to terrorist financing,</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>the respondent is a person carrying on a business in the regulated sector,</p></content></level><level class="para1"><num>(c)</num><content><p>where the application for the order is made to a magistrates’ court, the person making the application has had regard to the code of practice under section 22F,</p></content></level><level class="para1"><num>(d)</num><intro><p>where the application for the order is made to the sheriff—</p></intro><level class="para2"><num>(i)</num><content><p>the application is made by a procurator fiscal at the request of the Director General of the National Crime Agency or an authorised NCA officer, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the person making that request has had regard to the code of practice under section 22F, and</p></content></level></level><level class="para1"><num>(e)</num><content><p>it is reasonable in all the circumstances for the information to be provided.</p></content></level></subsection><subsection eId="d28e27766"><num>(6B)</num><intro><p>Condition 4 for the making of an information order is met if—</p></intro><level class="para1"><num>(a)</num><content><p>a request has been made by a foreign FIU to the National Crime Agency for the provision of the information required to be given under the order,</p></content></level><level class="para1"><num>(b)</num><intro><p>an authorised NCA officer has reasonable grounds to believe that the request was made only for the purpose of assisting the foreign FIU to conduct one or both of the following—</p></intro><level class="para2"><num>(i)</num><content><p>operational analysis of information that is relevant to terrorist financing or suspected terrorist financing, or</p></content></level><level class="para2"><num>(ii)</num><content><p>strategic analysis identifying trends or patterns in the conduct of terrorist financing, or systematic deficiencies or vulnerabilities which have been, are being or are likely to be, exploited for the purposes of terrorist financing,</p></content></level><wrapUp><p>and that the information is likely to be of substantial value to the foreign FIU in carrying out such analysis,</p></wrapUp></level><level class="para1"><num>(c)</num><content><p>the provision of the information by the National Crime Agency to the foreign FIU would be for the purposes of the criminal intelligence function of the National Crime Agency, so far as it relates to terrorist financing,</p></content></level><level class="para1"><num>(d)</num><content><p>the respondent is a person carrying on a business in the regulated sector,</p></content></level><level class="para1"><num>(e)</num><content><p>where the application for the order is made to a magistrates’ court, the person making the application has had regard to the code of practice under section 22F,</p></content></level><level class="para1"><num>(f)</num><intro><p>where the application for the order is made to the sheriff—</p></intro><level class="para2"><num>(i)</num><content><p>the application is made by a procurator fiscal at the request of the Director General of the National Crime Agency or an authorised NCA officer, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the person making that request has had regard to the code of practice under section 22F, and</p></content></level></level><level class="para1"><num>(g)</num><content><p>it is reasonable in all the circumstances for the information to be provided.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-186-9"><num>(9)</num><content><p><mod>In subsection (7) for “A further” substitute <quotedText>“An”</quotedText>.</mod></p></content></subsection><subsection eId="section-186-10"><num>(10)</num><content><p><mod>In subsection (8) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection><subsection eId="section-186-11"><num>(11)</num><content><p><mod>In subsection (12), after “this section” insert <quotedText>“in reliance on Condition 1 or 2”</quotedText>.</mod></p></content></subsection><subsection eId="section-186-12"><num>(12)</num><content><p><mod>In subsection (14), at the appropriate places, insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-authorised-nca-officer">authorised NCA officer</term>” means an officer of the National Crime Agency authorised by the Director General (whether generally or specifically) for the purposes of this section;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-the-criminal-intelligence-function">the criminal intelligence function</term>” has the meaning given by section 1(5) of the Crime and Courts Act 2013;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-foreign-fiu">foreign FIU</term>” means a body in a foreign country carrying out the functions of a financial intelligence unit within the meaning of Recommendation 29 of the Financial Action Task Force (as that Recommendation has effect from time to time);</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“<term refersTo="#term-terrorist-financing">terrorist financing</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>for the purposes of subsection <ref href="#d28e27704">(6A)</ref>, an act which constitutes an offence under any of sections 15 to 18;</p></content></level><level class="para1"><num>(b)</num><content><p>for the purposes of subsection <ref href="#d28e27766">(6B)</ref>, an act which constitutes a corresponding terrorist financing offence.</p></content></level></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-186-13"><num>(13)</num><content><p><mod>After section 22E of the Terrorism Act 2000 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>22F</num><heading>Code of practice about certain information orders</heading><subsection><num>(1)</num><intro><p>The Secretary of State must make a code of practice in connection with the exercise of the following functions by the Director General of the National Crime Agency or an authorised NCA officer—</p></intro><level class="para1"><num>(a)</num><content><p>the making of an application to the magistrates’ court for an information order under section 22B(1A) (information orders made in reliance on Condition 3 or 4 in section 22B being met);</p></content></level><level class="para1"><num>(b)</num><content><p>the making of a request to a procurator fiscal for the procurator fiscal to apply for an information order under section 22B(1A).</p></content></level></subsection><subsection><num>(2)</num><intro><p>Where the Secretary of State proposes to issue a code of practice the Secretary of State must—</p></intro><level class="para1"><num>(a)</num><content><p>publish a draft,</p></content></level><level class="para1"><num>(b)</num><content><p>consider any representations made about the draft, and</p></content></level><level class="para1"><num>(c)</num><content><p>if the Secretary of State thinks appropriate, modify the draft in the light of any such representations.</p></content></level></subsection><subsection><num>(3)</num><content><p>A requirement in paragraph (a), (b) or (c) of subsection (2) may be satisfied by the carrying out of the action required by the paragraph in question before this section comes into force.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State must lay a draft of the code before Parliament.</p></content></subsection><subsection><num>(5)</num><content><p>When the Secretary of State has laid a draft of the code before Parliament the Secretary of State may bring it into operation by regulations.</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State may revise the whole or any part of the code and issue the code as revised; and subsections <ref href="#section-186-2">(2)</ref> to <ref href="#section-186-5">(5)</ref> apply to a revised code as they apply to the original code.</p></content></subsection><subsection><num>(7)</num><content><p>A failure by a person to comply with a provision of the code does not of itself make the person liable to criminal or civil proceedings.</p></content></subsection><subsection><num>(8)</num><content><p>The code is admissible in evidence in criminal or civil proceedings and is to be taken into account by a court or tribunal in any case in which it appears to the court or tribunal to be relevant.</p></content></subsection><subsection><num>(9)</num><content><p>A code of practice made under this section may be combined with a code of practice under section 339ZL of the Proceeds of Crime Act 2002 (code of practice relating to certain information orders under section 339ZH of that Act).</p></content></subsection><subsection><num>(10)</num><content><p>In this section “<term refersTo="#term-authorised-nca-officer">authorised NCA officer</term>” has the meaning given in section 22B(14).</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-186-14"><num>(14)</num><content><p><mod>In section 123(4) of that Act (orders and regulations subject to affirmative procedure), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aza)</num><content><p>section 22F(5);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-186-15"><num>(15)</num><intro><p>In consequence of further information orders being renamed information orders by this section, the following amendments are also made to that Act—</p></intro><level class="para1" eId="section-186-15-a"><num>(a)</num><content><p><mod>in the italic heading before section 22B for “Further information” substitute <quotedText>“Information”</quotedText>;</mod></p></content></level><level class="para1" eId="section-186-15-b"><num>(b)</num><content><p><mod>in section 22C (statements), in subsection (1) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para1" eId="section-186-15-c"><num>(c)</num><content><p><mod>in section 22D (appeals), in subsections (1) and (4)(a) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para1" eId="section-186-15-d"><num>(d)</num><intro><p>in section 22E (supplementary)—</p></intro><level class="para2" eId="section-186-15-d-i"><num>(i)</num><content><p><mod>in subsection (1) for “A further” substitute <quotedText>“An”</quotedText>;</mod></p></content></level><level class="para2" eId="section-186-15-d-ii"><num>(ii)</num><content><p><mod>in subsection (3) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para2" eId="section-186-15-d-iii"><num>(iii)</num><content><p><mod>in subsection (4) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para2" eId="section-186-15-d-iv"><num>(iv)</num><content><p>in subsection (5) omit “further”;</p></content></level></level><level class="para1" eId="section-186-15-e"><num>(e)</num><content><p>in section 120C (enforcement of orders in other parts of UK), in subsection (2)(a) omit “further”.</p></content></level></subsection></section><section eId="section-187"><num>187</num><heading>Enhanced due diligence: designation of high-risk countries</heading><subsection eId="section-187-1"><num>(1)</num><content><p>The Sanctions and Anti-Money Laundering Act 2018 is amended as follows.</p></content></subsection><subsection eId="section-187-2"><num>(2)</num><intro><p>In Schedule 2 (money laundering and terrorist financing etc)—</p></intro><level class="para1" eId="section-187-2-a"><num>(a)</num><intro><p>in paragraph 4—</p></intro><level class="para2" eId="section-187-2-a-i"><num>(i)</num><content><p>the existing text becomes sub-paragraph (1);</p></content></level><level class="para2" eId="section-187-2-a-ii"><num>(ii)</num><content><p><mod>after sub-paragraph (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2)</num><content><p>Provide for the imposition of requirements relating to enhanced customer due diligence measures by reference to prescribed high-risk countries.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>Provision made by virtue of sub-paragraph (2) may in particular refer to a list of countries published by the Financial Action Task Force as it has effect from time to time.</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="section-187-2-b"><num>(b)</num><content><p><mod>in paragraph 23, after sub-paragraph (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2A)</num><content><p>In paragraph 4 (measures in relation to customers of relevant persons), the reference in sub-paragraph (2) to requirements includes requirements imposed by or under the Money Laundering Regulations 2017.</p></content></subparagraph></quotedStructure></mod></p></content></level></subsection><subsection eId="section-187-3"><num>(3)</num><intro><p>In section 55 (parliamentary procedure for regulations)—</p></intro><level class="para1" eId="section-187-3-a"><num>(a)</num><content><p><mod>in subsection (2), for the first “which” substitute <quotedText>“made during the period of 6 months beginning with the day on which the Economic Crime and Corporate Transparency Act 2023 is passed if the instrument”</quotedText>;</mod></p></content></level><level class="para1" eId="section-187-3-b"><num>(b)</num><content><p><mod>in subsection (9), for the words from “if” to the end substitute <quotedText>“if they only make provision prescribing high-risk countries by virtue of paragraph 4(2) of Schedule 2”</quotedText>.</mod></p></content></level></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-disclosures-to-prevent-detect-or-investigate-economic-crime-etc"><heading>Disclosures to prevent, detect or investigate economic crime etc</heading><section eId="section-188"><num>188</num><heading>Direct disclosures of information: restrictions on civil liability</heading><subsection eId="section-188-1"><num>(1)</num><intro><p>The protections set out in subsection (2) apply in relation to a disclosure made by a person (“<term refersTo="#term-a" eId="term-a">A</term>”) to another person (“<term refersTo="#term-b" eId="term-b">B</term>”) if—</p></intro><level class="para1" eId="section-188-1-a"><num>(a)</num><content><p>A is carrying on business in circumstances where subsection <ref href="#section-188-3">(3)</ref> applies,</p></content></level><level class="para1" eId="section-188-1-b"><num>(b)</num><content><p>B is also carrying on business in circumstances where that subsection applies,</p></content></level><level class="para1" eId="section-188-1-c"><num>(c)</num><content><p>the information relates to a person who is a customer or former customer of A (“<term refersTo="#term-the-customer" eId="term-the-customer">the customer</term>”),</p></content></level><level class="para1" eId="section-188-1-d"><num>(d)</num><content><p>either the request condition or the warning condition is met,</p></content></level><level class="para1" eId="section-188-1-e"><num>(e)</num><content><p>A is satisfied that the disclosure of the information will or may assist B in carrying out relevant actions of B, and</p></content></level><level class="para1" eId="section-188-1-f"><num>(f)</num><content><p>the disclosure is not a privileged disclosure.</p></content></level></subsection><subsection eId="section-188-2"><num>(2)</num><intro><p>The protections are that, subject to subsection (11), the disclosure does not—</p></intro><level class="para1" eId="section-188-2-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by A, or</p></content></level><level class="para1" eId="section-188-2-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of A, to the person to whom the disclosed information relates.</p></content></level></subsection><subsection eId="section-188-3"><num>(3)</num><intro><p>This subsection applies—</p></intro><level class="para1" eId="section-188-3-a"><num>(a)</num><content><p>where the business carried on is business in the regulated sector, and</p></content></level><level class="para1" eId="section-188-3-b"><num>(b)</num><content><p>in circumstances prescribed, in relation to the business or the person carrying it on, by regulations made by the Secretary of State for the purposes of this paragraph.</p></content></level></subsection><subsection eId="section-188-4"><num>(4)</num><intro><p>The request condition is that—</p></intro><level class="para1" eId="section-188-4-a"><num>(a)</num><content><p>the disclosure is made in response to a request made by B, and</p></content></level><level class="para1" eId="section-188-4-b"><num>(b)</num><content><p>at the time the request is made, B has reason to believe that A holds information relating to the customer the disclosure of which will or may assist B in carrying out relevant actions of B.</p></content></level></subsection><subsection eId="section-188-5"><num>(5)</num><content><p>The warning condition is that A, due to concerns about risks of economic crime, has decided to take safeguarding action (or would have decided to take such action but for the customer having ceased to be a customer of A).</p></content></subsection><subsection eId="section-188-6"><num>(6)</num><intro><p>For the purposes of subsection <ref href="#section-188-5">(5)</ref>, “<term refersTo="#term-safeguarding-action" eId="term-safeguarding-action">safeguarding action</term>” means—</p></intro><level class="para1" eId="section-188-6-a"><num>(a)</num><content><p>terminating a business relationship with the customer,</p></content></level><level class="para1" eId="section-188-6-b"><num>(b)</num><content><p>refusing the customer a product or service, or</p></content></level><level class="para1" eId="section-188-6-c"><num>(c)</num><content><p>restricting the customer’s access to elements of a product or service available to other customers of A.</p></content></level></subsection><subsection eId="section-188-7"><num>(7)</num><content><p>Where a disclosure is made to which subsection <ref href="#section-188-1">(1)</ref> applies, B’s use of the disclosed information, for the purposes of any of B’s relevant actions, does not breach any obligation of confidence owed by B.</p></content></subsection><subsection eId="section-188-8"><num>(8)</num><intro><p>The protections set out in subsection (9) apply in relation to a disclosure made by a person (“<term refersTo="#term-r" eId="term-r">R</term>”) who is carrying on business in circumstances where subsection <ref href="#section-188-3">(3)</ref> applies to another person for the purpose of making a disclosure request if R has reason to believe that other person—</p></intro><level class="para1" eId="section-188-8-a"><num>(a)</num><content><p>is carrying on business in circumstances where subsection <ref href="#section-188-3">(3)</ref> applies, and</p></content></level><level class="para1" eId="section-188-8-b"><num>(b)</num><content><p>has in their possession information about a customer or former customer of theirs that will or may assist R to carry out any of R’s relevant actions.</p></content></level></subsection><subsection eId="section-188-9"><num>(9)</num><intro><p>The protections are that, subject to subsection (11), the disclosure does not—</p></intro><level class="para1" eId="section-188-9-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by R, or</p></content></level><level class="para1" eId="section-188-9-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of R, to the person to whom the disclosed information relates.</p></content></level></subsection><subsection eId="section-188-10"><num>(10)</num><intro><p>Where a disclosure is made to which subsection <ref href="#section-188-8">(8)</ref> applies, the use by that other person of the disclosed information, for the purposes of enabling a disclosure to be made by them to which subsection <ref href="#section-188-1">(1)</ref> applies, does not—</p></intro><level class="para1" eId="section-188-10-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by them, or</p></content></level><level class="para1" eId="section-188-10-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of R, to the person to whom the disclosed information relates.</p></content></level><wrapUp><p>This is subject to subsection (11).</p></wrapUp></subsection><subsection eId="section-188-11"><num>(11)</num><content><p>Nothing in this section requires or authorises a disclosure of information that would contravene, or prevents any civil liability arising under, the data protection legislation.</p></content></subsection></section><section eId="section-189"><num>189</num><heading>Indirect disclosure of information: restrictions on civil liability</heading><subsection eId="section-189-1"><num>(1)</num><intro><p>The protections set out in subsection (2) apply in relation to a disclosure made by a person (“<term refersTo="#term-a" eId="term-a">A</term>”) to another person (“<term refersTo="#term-b" eId="term-b">B</term>”) if—</p></intro><level class="para1" eId="section-189-1-a"><num>(a)</num><content><p>A is carrying on business in circumstances where subsection (3) applies,</p></content></level><level class="para1" eId="section-189-1-b"><num>(b)</num><content><p>the information relates to a person who is a customer or former customer of A (“<term refersTo="#term-the-customer" eId="term-the-customer">the customer</term>”),</p></content></level><level class="para1" eId="section-189-1-c"><num>(c)</num><intro><p>due to concerns about the risk of economic crime, A has decided to—</p></intro><level class="para2" eId="section-189-1-c-i"><num>(i)</num><content><p>terminate a business relationship with the customer,</p></content></level><level class="para2" eId="section-189-1-c-ii"><num>(ii)</num><content><p>refuse the customer a product or service, or</p></content></level><level class="para2" eId="section-189-1-c-iii"><num>(iii)</num><content><p>restrict the customer’s access to elements of a product or service which are available to other customers,</p></content></level></level><level class="para1" eId="section-189-1-d"><num>(d)</num><content><p>A is satisfied that the information disclosed to B, if it is disclosed by B to one or more persons carrying on business in circumstances where subsection (3) applies, will or may assist those persons in carrying out their relevant actions,</p></content></level><level class="para1" eId="section-189-1-e"><num>(e)</num><content><p>to the extent that the information is personal data, the UK GDPR applies to the disclosure of the information by A,</p></content></level><level class="para1" eId="section-189-1-f"><num>(f)</num><content><p>A and B are parties to an agreement the terms of which provide that, to the extent that the information is personal data, B will only disclose or otherwise process it in circumstances where the UK GDPR applies to the disclosure or other processing, and</p></content></level><level class="para1" eId="section-189-1-g"><num>(g)</num><content><p>the disclosure is not a privileged disclosure.</p></content></level></subsection><subsection eId="section-189-2"><num>(2)</num><intro><p>The protections are that, subject to subsection (10), the disclosure does not—</p></intro><level class="para1" eId="section-189-2-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by A, or</p></content></level><level class="para1" eId="section-189-2-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of A, to the person to whom the disclosed information relates.</p></content></level></subsection><subsection eId="section-189-3"><num>(3)</num><intro><p>This subsection applies—</p></intro><level class="para1" eId="section-189-3-a"><num>(a)</num><intro><p>where the business carried on is business in the regulated sector as—</p></intro><level class="para2" eId="section-189-3-a-i"><num>(i)</num><content><p>a deposit-taking body,</p></content></level><level class="para2" eId="section-189-3-a-ii"><num>(ii)</num><content><p>an electronic money institution,</p></content></level><level class="para2" eId="section-189-3-a-iii"><num>(iii)</num><content><p>a payment institution,</p></content></level><level class="para2" eId="section-189-3-a-iv"><num>(iv)</num><content><p>a cryptoasset exchange provider, or</p></content></level><level class="para2" eId="section-189-3-a-v"><num>(v)</num><content><p>a custodian wallet provider,</p></content></level></level><level class="para1" eId="section-189-3-b"><num>(b)</num><intro><p>where—</p></intro><level class="para2" eId="section-189-3-b-i"><num>(i)</num><content><p>the business carried on is business in the regulated sector within paragraph 1(1)(j) to (n) of Schedule 9 to the Proceeds of Crime Act 2002 (audit, insolvency, accountancy, tax or legal services), and</p></content></level><level class="para2" eId="section-189-3-b-ii"><num>(ii)</num><content><p>the UK revenue of the person carrying on the business is <ins class="substitution first last" ukl:ChangeId="M_F_f4c0d387-99fb-47db-cf6b-a7962fca8fab-1776239750793" ukl:CommentaryRef="M_F_f4c0d387-99fb-47db-cf6b-a7962fca8fab"><noteRef uk:name="commentary" href="#M_F_f4c0d387-99fb-47db-cf6b-a7962fca8fab" class="commentary"/>in any of bands B to D</ins> for the relevant financial year (see subsection (11)), and</p></content></level></level><level class="para1" eId="section-189-3-c"><num>(c)</num><content><p>in circumstances prescribed, in relation to the business or the person carrying it on, by regulations made by the Secretary of State for the purposes of this paragraph.</p></content></level></subsection><subsection eId="section-189-4"><num>(4)</num><intro><p>Where subsection (1) applies to a disclosure of information made by A to B, the protections set out in subsection (5) apply in relation to a further disclosure of that information made by B to another person (“<term refersTo="#term-c" eId="term-c">C</term>”) if—</p></intro><level class="para1" eId="section-189-4-a"><num>(a)</num><content><p>C is carrying on business in circumstances where subsection (3) applies, and</p></content></level><level class="para1" eId="section-189-4-b"><num>(b)</num><content><p>to the extent that the information is personal data, the UK GDPR applies to all processing of the information by B, up to and including the disclosure of the information to C.</p></content></level></subsection><subsection eId="section-189-5"><num>(5)</num><intro><p>The protections are that, subject to subsection (10), the disclosure does not—</p></intro><level class="para1" eId="section-189-5-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by B, or</p></content></level><level class="para1" eId="section-189-5-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of B, to the person to whom the disclosed information relates.</p></content></level></subsection><subsection eId="section-189-6"><num>(6)</num><content><p>Where a disclosure is made to which subsection (4) applies, C’s use of the disclosed information, for the purposes of any of C’s relevant actions, does not breach any obligation of confidence owed by C.</p></content></subsection><subsection eId="section-189-7"><num>(7)</num><content><p>The protections set out in subsection (8) apply in relation to a disclosure made by a person (“<term refersTo="#term-r" eId="term-r">R</term>”), who is carrying on business in circumstances where subsection (3) applies, to another person, for the purposes of making a request for a disclosure of information to be made to R by that other person if, at the time the request is made, R has reason to believe that the disclosure of information to which the request relates would be one to which subsection (4) applies.</p></content></subsection><subsection eId="section-189-8"><num>(8)</num><intro><p>The protections are that, subject to subsection (10), the disclosure does not—</p></intro><level class="para1" eId="section-189-8-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by R, or</p></content></level><level class="para1" eId="section-189-8-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of R, to the person to whom the disclosed information relates.</p></content></level></subsection><subsection eId="section-189-9"><num>(9)</num><intro><p>Where a disclosure is made to which subsection (7) applies, the use by that other person, of the disclosed information, for the purposes of enabling a disclosure to be made by them to which subsection (4) applies, does not—</p></intro><level class="para1" eId="section-189-9-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by them, or</p></content></level><level class="para1" eId="section-189-9-b"><num>(b)</num><content><p>give rise to any civil liability, on their part, to the person to whom the disclosed information relates.</p></content></level><wrapUp><p>This is subject to subsection (10).</p></wrapUp></subsection><subsection eId="section-189-10"><num>(10)</num><content><p>Nothing in this section authorises a disclosure of information that would contravene, or prevents any civil liability arising under, the data protection legislation.</p></content></subsection><subsection eId="section-189-11"><num>(11)</num><intro><p>In subsection (3)(b) “relevant financial year”—</p></intro><level class="para1" eId="section-189-11-a"><num>(a)</num><content><p>for the purposes of subsection (1)(a), means the financial year immediately preceding that in which the disclosure by A is made;</p></content></level><level class="para1" eId="section-189-11-b"><num>(b)</num><content><p>for the purposes of subsection (4)(a), means the financial year immediately preceding that in which the disclosure to C is made.</p></content></level><wrapUp><p>And, for the purposes of subsection (3)(b), the question of whether a person’s UK revenue is <ins class="substitution first last" ukl:ChangeId="M_F_32e291c7-c2d0-4c4b-fe22-fbe22b8241d1-1776239882127" ukl:CommentaryRef="M_F_32e291c7-c2d0-4c4b-fe22-fbe22b8241d1"><noteRef uk:name="commentary" href="#M_F_32e291c7-c2d0-4c4b-fe22-fbe22b8241d1" class="commentary"/>in any of bands B to D</ins> for a particular financial year is to be determined in accordance with sections 55 to 57 of the Finance Act 2022 (calculation of UK revenue for the economic crime (anti-money laundering) levy).</p></wrapUp></subsection></section><section eId="section-190"><num>190</num><heading>Meaning of “privileged disclosure”</heading><subsection eId="section-190-1"><num>(1)</num><content><p>For the purposes of sections 188 and 189, “<term refersTo="#term-privileged-disclosure" eId="term-privileged-disclosure">privileged disclosure</term>” means a disclosure of information made by a professional legal adviser or relevant professional adviser in circumstances where the information disclosed came to the adviser in privileged circumstances.</p></content></subsection><subsection eId="section-190-2"><num>(2)</num><intro><p>Information comes to a professional legal adviser or relevant professional adviser in privileged circumstances if it is communicated or given to the adviser—</p></intro><level class="para1" eId="section-190-2-a"><num>(a)</num><content><p>by (or by a representative of) a client of the adviser in connection with the giving by that person of legal advice to the client,</p></content></level><level class="para1" eId="section-190-2-b"><num>(b)</num><content><p>by (or by a representative of) a person seeking legal advice from the adviser, or</p></content></level><level class="para1" eId="section-190-2-c"><num>(c)</num><content><p>by a person in connection with legal proceedings or contemplated legal proceedings.</p></content></level></subsection><subsection eId="section-190-3"><num>(3)</num><intro><p>For the purposes of this section a “<term refersTo="#term-relevant-professional-adviser" eId="term-relevant-professional-adviser">relevant professional adviser</term>” means an accountant, auditor or tax adviser who is a member of a professional body which is established for accountants, auditors or tax advisers (as the case may be) and which makes provision for—</p></intro><level class="para1" eId="section-190-3-a"><num>(a)</num><content><p>testing the competence of those seeking admission to membership of such a body as a condition for such admission, and</p></content></level><level class="para1" eId="section-190-3-b"><num>(b)</num><content><p>imposing and maintaining professional and ethical standards for its members, as well as imposing sanctions for non-compliance with those standards.</p></content></level></subsection></section><section eId="section-191"><num>191</num><heading>Meaning of “relevant actions”</heading><intro><p>In sections 188 and 189, “relevant actions”, of a person, means the actions of—</p></intro><level class="para1" eId="section-191-a"><num>(a)</num><intro><p>determining, for the purposes of preventing, detecting or investigating economic crime—</p></intro><level class="para2" eId="section-191-a-i"><num>(i)</num><content><p>whether it is appropriate to apply any customer due diligence measures, or any similar measures, in respect of a customer or proposed customer of the person;</p></content></level><level class="para2" eId="section-191-a-ii"><num>(ii)</num><content><p>the nature or extent of the measures;</p></content></level></level><level class="para1" eId="section-191-b"><num>(b)</num><intro><p>carrying out, for such purposes—</p></intro><level class="para2" eId="section-191-b-i"><num>(i)</num><content><p>effective measures for identifying or verifying the identity of, or</p></content></level><level class="para2" eId="section-191-b-ii"><num>(ii)</num><content><p>any other customer due diligence measures in respect of,</p></content></level><wrapUp><p>a customer or proposed customer of the person;</p></wrapUp></level><level class="para1" eId="section-191-c"><num>(c)</num><intro><p>determining, for such purposes, whether it is appropriate to—</p></intro><level class="para2" eId="section-191-c-i"><num>(i)</num><content><p>terminate an existing business relationship with a customer or proposed customer of the person;</p></content></level><level class="para2" eId="section-191-c-ii"><num>(ii)</num><content><p>decline to establish a new business relationship with such a customer;</p></content></level><level class="para2" eId="section-191-c-iii"><num>(iii)</num><content><p>decline to provide a product or service to such a customer;</p></content></level><level class="para2" eId="section-191-c-iv"><num>(iv)</num><content><p>restrict the access of such a customer to an existing product or service which is normally available to other customers;</p></content></level><level class="para2" eId="section-191-c-v"><num>(v)</num><content><p>decline to carry out a transaction for such a customer.</p></content></level></level></section><section eId="section-192"><num>192</num><heading>Meaning of “business relationship”</heading><subsection eId="section-192-1"><num>(1)</num><intro><p>In sections 188 to 191, “<term refersTo="#term-business-relationship" eId="term-business-relationship">business relationship</term>” means a business, professional or commercial relationship between a person carrying on relevant business and a customer or client which—</p></intro><level class="para1" eId="section-192-1-a"><num>(a)</num><content><p>arises out of the business of the person, and</p></content></level><level class="para1" eId="section-192-1-b"><num>(b)</num><content><p>has, or is expected by the person (at the time when contact is established) to have, an element of duration.</p></content></level></subsection><subsection eId="section-192-2"><num>(2)</num><intro><p>In subsection (1) “<term refersTo="#term-relevant-business" eId="term-relevant-business">relevant business</term>” means—</p></intro><level class="para1" eId="section-192-2-a"><num>(a)</num><content><p>in the case of section 188 (and section 191 as it applies for the purposes of that section), business within section 188(3);</p></content></level><level class="para1" eId="section-192-2-b"><num>(b)</num><content><p>in the case of section 189 (and section 191 as it applies for the purposes of that section), business within section 189(3).</p></content></level></subsection></section><section eId="section-193"><num>193</num><heading>Other defined terms in sections 188 to 191</heading><subsection eId="section-193-1"><num>(1)</num><intro><p>In sections 188 to 191—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset-exchange-provider" eId="term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” has the meaning given by paragraph 1(12)(a) of Schedule 9 to the Proceeds of Crime Act 2002;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-custodial-wallet-provider" eId="term-custodial-wallet-provider">custodial wallet provider</term>” has the meaning given by paragraph 1(12)(b) of Schedule 9 to the Proceeds of Crime Act 2002;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-customer-due-diligence-measures" eId="term-customer-due-diligence-measures">customer due diligence measures</term>” has the meaning given by regulation 3(1) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (<ref eId="c00025" href="http://www.legislation.gov.uk/id/uksi/2017/692">S.I. 2017/692</ref>);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-data-protection-legislation" eId="term-the-data-protection-legislation">the data protection legislation</term>” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-deposit-taking-body" eId="term-deposit-taking-body">deposit-taking body</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a business which engages in the activity of accepting deposits, or</p></content></level><level class="para1"><num>(b)</num><content><p>the National Savings Bank;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-economic-crime" eId="term-economic-crime">economic crime</term>” means an act which—</p></intro><level class="para1"><num>(a)</num><content><p>constitutes an offence listed in Schedule 11 (“a listed offence”),</p></content></level><level class="para1"><num>(b)</num><content><p>constitutes an attempt or conspiracy to commit a listed offence,</p></content></level><level class="para1"><num>(c)</num><content><p>constitutes an offence—</p><blockList class="ordered roman parens" ukl:Name="OrderedList" ukl:Type="roman" ukl:Decoration="parens"><item><num>(i)</num><p>under Part 2 of the Serious Crime Act 2007 (England and Wales and Northern Ireland: encouraging or assisting crime) in relation to a listed offence, or</p></item><item><num>(ii)</num><p>under the law of Scotland of inciting the commission of a listed offence,</p></item></blockList></content></level><level class="para1"><num>(d)</num><content><p>constitutes aiding, abetting, counselling or procuring the commission of a listed offence, or</p></content></level><level class="para1"><num>(e)</num><content><p>would constitute a listed offence or an offence specified in paragraph (b), (c) or (d) if done in the United Kingdom;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-electronic-money-institution" eId="term-electronic-money-institution">electronic money institution</term>” has the same meaning as in the Electronic Money Regulations 2011 (<ref eId="c00026" href="http://www.legislation.gov.uk/id/uksi/2011/99">S.I. 2011/99</ref>) (see regulation 2 of those Regulations);</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-enactment" eId="term-enactment">enactment</term>” includes—</p></intro><level class="para1"><num>(a)</num><content><p>an enactment contained in subordinate legislation (as defined in section 21 of the Interpretation Act 1978);</p></content></level><level class="para1"><num>(b)</num><content><p>an enactment contained in, or in an instrument made under, a Measure or Act of Senedd Cymru;</p></content></level><level class="para1"><num>(c)</num><content><p>an enactment contained in, or in an instrument made under, an Act of the Scottish Parliament;</p></content></level><level class="para1"><num>(d)</num><content><p>an enactment contained in, or in an instrument made under, Northern Ireland legislation;</p></content></level><level class="para1"><num>(e)</num><content><p>any retained direct EU legislation;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-financial-year" eId="term-financial-year">financial year</term>” means a period of 12 months ending with 31 March;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-payment-institution" eId="term-payment-institution">payment institution</term>” means an authorised payment institution or small payment institution (each as defined in regulation 2 of the Payment Services Regulations 2017 (<ref eId="c00027" href="http://www.legislation.gov.uk/id/uksi/2017/752">S.I. 2017/752</ref>));</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-personal-data" eId="term-personal-data">personal data</term>” and “<term refersTo="#term-processing" eId="term-processing">processing</term>” have the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“regulated sector”: see subsection <ref href="#section-193-2">(2)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-uk-gdpr" eId="term-the-uk-gdpr">the UK GDPR</term>” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act).</p></content></hcontainer></subsection><subsection eId="section-193-2"><num>(2)</num><content><p>Part 1 of Schedule 9 to the Proceeds of Crime Act 2002 has effect for the purpose of determining what is a business in the regulated sector.</p></content></subsection><subsection eId="section-193-3"><num>(3)</num><content><p>The Secretary of State may, by regulations, add an offence to or remove an offence from the list in Schedule 11.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-power-to-strike-out-certain-claims"><heading>Power to strike out certain claims</heading><section eId="section-194"><num>194</num><heading>Strategic litigation against public participation: requirement to make rules of court</heading><subsection eId="section-194-1"><num>(1)</num><intro><p>The power to make Civil Procedure Rules must be exercised so as to secure that Civil Procedure Rules include provision for ensuring that a claim may be struck out before trial where the court determines—</p></intro><level class="para1" eId="section-194-1-a"><num>(a)</num><content><p>that the claim is a SLAPP claim (see section 195), and</p></content></level><level class="para1" eId="section-194-1-b"><num>(b)</num><content><p>that the claimant has failed to show that it is more likely than not that the claim would succeed at trial.</p></content></level></subsection><subsection eId="section-194-2"><num>(2)</num><intro><p>Rules made in compliance with subsection <ref href="#section-194-1">(1)</ref> may include rules about how a determination under that subsection is to be made, including (in particular)—</p></intro><level class="para1" eId="section-194-2-a"><num>(a)</num><content><p>rules for determining the nature and extent of the evidence that may or must be considered;</p></content></level><level class="para1" eId="section-194-2-b"><num>(b)</num><content><p>rules about the extent to which evidence may or must be tested;</p></content></level><level class="para1" eId="section-194-2-c"><num>(c)</num><content><p>rules permitting or requiring the court to determine matters of fact by way of presumptions.</p></content></level></subsection><subsection eId="section-194-3"><num>(3)</num><content><p>Rules made in compliance with subsection <ref href="#section-194-1">(1)</ref> must include rules under which the court may make a determination under that subsection of its own motion.</p></content></subsection><subsection eId="section-194-4"><num>(4)</num><content><p>The power to make Civil Procedure Rules must be exercised so as to secure that Civil Procedure Rules include provision for securing that, in respect of a SLAPP claim, a court may not order a defendant to pay the claimant’s costs except where, in the court’s view, misconduct of the defendant in relation to the claim justifies such an order.</p></content></subsection><subsection eId="section-194-5"><num>(5)</num><content><p>The Lord Chancellor may by regulations provide for subsections <ref href="#section-194-1">(1)</ref> to <ref href="#section-194-4">(4)</ref> to apply in relation to any rules of court that may be specified in the regulations as those subsections apply in relation to Civil Procedure Rules.</p></content></subsection><subsection eId="section-194-6"><num>(6)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-court" eId="term-court">court</term>” includes a tribunal;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-rules-of-court" eId="term-rules-of-court">rules of court</term>” means rules relating to the practice and procedure of a court or tribunal.</p></content></hcontainer></subsection></section><section eId="section-195"><num>195</num><heading>Meaning of “SLAPP” claim</heading><subsection eId="section-195-1"><num>(1)</num><intro><p>For the purposes of section 194 a claim is a “SLAPP claim” if—</p></intro><level class="para1" eId="section-195-1-a"><num>(a)</num><content><p>the claimant’s behaviour in relation to the matters complained of in the claim has, or is intended to have, the effect of restraining the defendant’s exercise of the right to freedom of speech,</p></content></level><level class="para1" eId="section-195-1-b"><num>(b)</num><content><p>any of the information that is or would be disclosed by the exercise of that right has to do with economic crime,</p></content></level><level class="para1" eId="section-195-1-c"><num>(c)</num><content><p>any part of that disclosure is or would be made for a purpose related to the public interest in combating economic crime, and</p></content></level><level class="para1" eId="section-195-1-d"><num>(d)</num><intro><p>any of the behaviour of the claimant in relation to the matters complained of in the claim is intended to cause the defendant—</p></intro><level class="para2" eId="section-195-1-d-i"><num>(i)</num><content><p>harassment, alarm or distress,</p></content></level><level class="para2" eId="section-195-1-d-ii"><num>(ii)</num><content><p>expense, or</p></content></level><level class="para2" eId="section-195-1-d-iii"><num>(iii)</num><content><p>any other harm or inconvenience,</p></content></level><wrapUp><p>beyond that ordinarily encountered in the course of properly conducted litigation.</p></wrapUp></level></subsection><subsection eId="section-195-2"><num>(2)</num><content><p>For the purposes of determining whether a claim meets the condition in subsection <ref href="#section-195-1-a">(1)(a)</ref> or <ref href="#section-195-1-c">(c)</ref>, any limitation prescribed by law on the exercise of the right to freedom of speech (for example in relation to the making of defamatory statements) is to be ignored.</p></content></subsection><subsection eId="section-195-3"><num>(3)</num><intro><p>For the purposes of this section, information mentioned in subsection <ref href="#section-195-1-b">(1)(b)</ref> “has to do with economic crime” if—</p></intro><level class="para1" eId="section-195-3-a"><num>(a)</num><content><p>it relates to behaviour or circumstances which the defendant reasonably believes (or, as the case requires, believed) to be evidence of the commission of an economic crime, or</p></content></level><level class="para1" eId="section-195-3-b"><num>(b)</num><content><p>the defendant has (or, as the case requires, had) reason to suspect that an economic crime may have occurred and believes (or, as the case requires, believed) that the disclosure of the information would facilitate an investigation into whether such a crime has (or had) occurred.</p></content></level></subsection><subsection eId="section-195-4"><num>(4)</num><intro><p>In determining whether any behaviour of the claimant falls within subsection <ref href="#section-195-1-d">(1)(d)</ref>, the court may, in particular, take into account—</p></intro><level class="para1" eId="section-195-4-a"><num>(a)</num><content><p>whether the behaviour is a disproportionate reaction to the matters complained of in the claim, including whether the costs incurred by the claimant are out of proportion to the remedy sought;</p></content></level><level class="para1" eId="section-195-4-b"><num>(b)</num><content><p>whether the defendant has access to fewer resources with which to defend the claim than another person against whom the claimant could have brought (but did not bring) proceedings in relation to the matters complained of in the claim;</p></content></level><level class="para1" eId="section-195-4-c"><num>(c)</num><content><p>any relevant failure, or anticipated failure, by the claimant to comply with a pre-action protocol, rule of court or practice direction, or to comply with or follow a rule or recommendation of a professional regulatory body.</p></content></level></subsection><subsection eId="section-195-5"><num>(5)</num><intro><p>For the purposes of subsection <ref href="#section-195-4-c">(4)(c)</ref> a failure, or anticipated failure, is “relevant” so far as it relates to—</p></intro><level class="para1" eId="section-195-5-a"><num>(a)</num><content><p>the choice of jurisdiction,</p></content></level><level class="para1" eId="section-195-5-b"><num>(b)</num><content><p>the use of dilatory strategies,</p></content></level><level class="para1" eId="section-195-5-c"><num>(c)</num><content><p>the nature or amount of material sought on disclosure,</p></content></level><level class="para1" eId="section-195-5-d"><num>(d)</num><content><p>the way to respond to requests for comment or clarification,</p></content></level><level class="para1" eId="section-195-5-e"><num>(e)</num><content><p>the use of correspondence,</p></content></level><level class="para1" eId="section-195-5-f"><num>(f)</num><content><p>making or responding to offers to settle, or</p></content></level><level class="para1" eId="section-195-5-g"><num>(g)</num><content><p>the use of alternative dispute resolution procedures.</p></content></level></subsection><subsection eId="section-195-6"><num>(6)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-court" eId="term-court">court</term>” has the same meaning as in section 194;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-economic-crime" eId="term-economic-crime">economic crime</term>” has the meaning given by section 193<ref href="#section-193-1">(1)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-right-to-freedom-of-speech" eId="term-the-right-to-freedom-of-speech">the right to freedom of speech</term>” means the right set out in Article 10 of the European Convention on Human Rights (freedom of expression) so far as it consists of a right to impart ideas, opinions or information by means of speech, writing or images (including in electronic form).</p></content></hcontainer></subsection><subsection eId="section-195-7"><num>(7)</num><content><p>In the definition of “the right to freedom of speech” in subsection <ref href="#section-195-6">(6)</ref> “<term refersTo="#term-the-european-convention-on-human-rights" eId="term-the-european-convention-on-human-rights">the European Convention on Human Rights</term>” means the Convention for the Protection of Human Rights and Fundamental Freedoms agreed by the Council of Europe at Rome on 4 November 1950 as it has effect for the time being in relation to the United Kingdom.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-attributing-criminal-liability-for-economic-crimes-to-certain-bodies"><heading><noteRef href="#key-f6042e600b1fd17840efdc2ee470dbe9" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>...</heading><section eId="section-196"><num><noteRef href="#key-f6042e600b1fd17840efdc2ee470dbe9" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>196</num><heading>Attributing criminal liability for economic crimes to certain bodies</heading><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></section><section eId="section-197"><num><noteRef href="#key-f6042e600b1fd17840efdc2ee470dbe9" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>197</num><heading>Power to amend list of economic crimes</heading><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></section><section eId="section-198"><num><noteRef href="#key-f6042e600b1fd17840efdc2ee470dbe9" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>198</num><heading>Offences under section 196 committed by partnerships</heading><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-failure-to-prevent-fraud"><heading>Failure to prevent fraud</heading><section eId="section-199"><num>199</num><heading>Failure to prevent fraud</heading><subsection eId="section-199-1"><num>(1)</num><intro><p>A relevant body which is a large organisation (see sections 201 and 202) is guilty of an offence if, in a financial year of the body (“the year of the fraud offence”), a person who is associated with the body (“the associate”) commits a fraud offence intending to benefit (whether directly or indirectly)—</p></intro><level class="para1" eId="section-199-1-a"><num>(a)</num><content><p>the relevant body, or</p></content></level><level class="para1" eId="section-199-1-b"><num>(b)</num><content><p>any person to whom, or to whose subsidiary undertaking, the associate provides services on behalf of the relevant body.</p></content></level></subsection><subsection eId="section-199-2"><num>(2)</num><intro><p>A relevant body is also guilty of an offence under subsection (1) if—</p></intro><level class="para1" eId="section-199-2-a"><num>(a)</num><content><p>an employee of the relevant body commits a fraud offence intending to benefit (whether directly or indirectly) the relevant body,</p></content></level><level class="para1" eId="section-199-2-b"><num>(b)</num><content><p>the fraud offence is committed in a financial year of a parent undertaking of which the relevant body is a subsidiary undertaking (“the year of the fraud offence”), and</p></content></level><level class="para1" eId="section-199-2-c"><num>(c)</num><content><p>the parent undertaking is a relevant body which is a large organisation.</p></content></level></subsection><subsection eId="section-199-3"><num>(3)</num><content><p>But the relevant body is not guilty of an offence under subsection (1)(b) if the body itself was, or was intended to be, a victim of the fraud offence.</p></content></subsection><subsection eId="section-199-4"><num>(4)</num><intro><p>It is a defence for the relevant body to prove that, at the time the fraud offence was committed—</p></intro><level class="para1" eId="section-199-4-a"><num>(a)</num><content><p>the body had in place such prevention procedures as it was reasonable in all the circumstances to expect the body to have in place, or</p></content></level><level class="para1" eId="section-199-4-b"><num>(b)</num><content><p>it was not reasonable in all the circumstances to expect the body to have any prevention procedures in place.</p></content></level></subsection><subsection eId="section-199-5"><num>(5)</num><content><p>In subsection (4) “<term refersTo="#term-prevention-procedures" eId="term-prevention-procedures">prevention procedures</term>” means procedures designed to prevent persons associated with the body from committing fraud offences.</p></content></subsection><subsection eId="section-199-6"><num>(6)</num><intro><p>A “fraud offence” is an act which constitutes—</p></intro><level class="para1" eId="section-199-6-a"><num>(a)</num><content><p>an offence listed in Schedule 13 (a “listed offence”), or</p></content></level><level class="para1" eId="section-199-6-b"><num>(b)</num><content><p>aiding, abetting, counselling or procuring the commission of a listed offence.</p></content></level></subsection><subsection eId="section-199-7"><num>(7)</num><intro><p>For the purposes of this section a person is associated with a relevant body if—</p></intro><level class="para1" eId="section-199-7-a"><num>(a)</num><content><p>the person is an employee, agent or subsidiary undertaking of the relevant body, or</p></content></level><level class="para1" eId="section-199-7-b"><num>(b)</num><content><p>the person otherwise performs services for or on behalf of the body.</p></content></level></subsection><subsection eId="section-199-8"><num>(8)</num><content><p>For the purposes of this section a person is also associated with a relevant body if the person is an employee of a subsidiary undertaking of the relevant body; but for the purpose of determining whether an offence is committed by virtue of this subsection, subsection (1) has effect with the omission of paragraph (b) (and the “or” preceding it).</p></content></subsection><subsection eId="section-199-9"><num>(9)</num><content><p>Whether or not a particular person performs services for or on behalf of a relevant body is to be determined by reference to all the relevant circumstances and not merely by reference to the nature of the relationship between that person and the body.</p></content></subsection><subsection eId="section-199-10"><num>(10)</num><content><p>Where a relevant body is liable to be proceeded against for an offence under subsection (1) in a particular part of the United Kingdom, proceedings against the body for the offence may be taken in any place in the United Kingdom.</p></content></subsection><subsection eId="section-199-11"><num>(11)</num><intro><p>Where by virtue of subsection (10) proceedings against a relevant body for an offence are to be taken in Scotland—</p></intro><level class="para1" eId="section-199-11-a"><num>(a)</num><content><p>the body may be prosecuted, tried and punished in a sheriff court district determined by the Lord Advocate, as if the offence had been committed in that district, and</p></content></level><level class="para1" eId="section-199-11-b"><num>(b)</num><content><p>the offence is, for all purposes incidental to or consequential on the trial or punishment, deemed to have been committed in that district.</p></content></level></subsection><subsection eId="section-199-12"><num>(12)</num><intro><p>A relevant body guilty of an offence under this section is liable—</p></intro><level class="para1" eId="section-199-12-a"><num>(a)</num><content><p>on conviction on indictment, to a fine;</p></content></level><level class="para1" eId="section-199-12-b"><num>(b)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level><level class="para1" eId="section-199-12-c"><num>(c)</num><content><p>on summary conviction in Scotland or Northern Ireland, to a fine not exceeding the statutory maximum.</p></content></level></subsection><subsection eId="section-199-13"><num>(13)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-body" eId="term-relevant-body">relevant body</term>” means a body corporate or a partnership (wherever incorporated or formed);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-sheriff-court-district" eId="term-sheriff-court-district">sheriff court district</term>” is to be read in accordance with the Criminal Procedure (Scotland) Act 1995 (see section 307(1) of that Act).</p></content></hcontainer></subsection><subsection eId="section-199-14"><num>(14)</num><intro><p>In this section “financial year”—</p></intro><level class="para1" eId="section-199-14-a"><num>(a)</num><content><p>in relation to a UK company, has the meaning given by the Companies Act 2006 (see section 390 of that Act);</p></content></level><level class="para1" eId="section-199-14-b"><num>(b)</num><intro><p>in relation to a relevant body that is not a UK company means—</p></intro><level class="para2" eId="section-199-14-b-i"><num>(i)</num><content><p>any period in respect of which a profit and loss account of the relevant body is required to be made up (by its constitution or by the law under which it is established), whether that period is a year or not, or</p></content></level><level class="para2" eId="section-199-14-b-ii"><num>(ii)</num><content><p>if the body is not required by its constitution or the law under which it is established to draw up a profit and loss account, a calendar year.</p></content></level></level></subsection></section><section eId="section-200"><num>200</num><heading>Fraud offences: supplementary</heading><subsection eId="section-200-1"><num>(1)</num><intro><p>The Secretary of State may by regulations amend Schedule 13 by—</p></intro><level class="para1" eId="section-200-1-a"><num>(a)</num><content><p>removing an offence from the list in the Schedule, or</p></content></level><level class="para1" eId="section-200-1-b"><num>(b)</num><content><p>adding an offence to that list.</p></content></level></subsection><subsection eId="section-200-2"><num>(2)</num><content><p>The power in subsection (1) is exercisable by the Scottish Ministers (and not by the Secretary of State) so far as it may be used to make provision that would be within the legislative competence of the Scottish Parliament if contained in an Act of that Parliament.</p></content></subsection><subsection eId="section-200-3"><num>(3)</num><intro><p>The power in subsection (1) is exercisable by the Department of Justice in Northern Ireland (and not by the Secretary of State) so far as it may be used to make provision that—</p></intro><level class="para1" eId="section-200-3-a"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level><level class="para1" eId="section-200-3-b"><num>(b)</num><content><p>would not, if contained in a Bill for an Act of the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State.</p></content></level></subsection><subsection eId="section-200-4"><num>(4)</num><intro><p>An offence added under subsection (1)(b) must be—</p></intro><level class="para1" eId="section-200-4-a"><num>(a)</num><content><p>an offence of dishonesty,</p></content></level><level class="para1" eId="section-200-4-b"><num>(b)</num><content><p>an offence that is otherwise of a similar character to those listed (on the passing of this Act) in paragraphs 1 to 6 of Schedule 13, or</p></content></level><level class="para1" eId="section-200-4-c"><num>(c)</num><content><p>a relevant money laundering offence.</p></content></level></subsection><subsection eId="section-200-5"><num>(5)</num><content><p>The Secretary of State may from time to time by regulations restate Schedule 13 as amended by virtue of subsections (1) to (3) (without changing the effect of the Schedule).</p></content></subsection><subsection eId="section-200-6"><num>(6)</num><content><p>For the purposes of section 199(1), where a fraud offence is found to have been committed over a period of 2 or more days, or at some time during a period of 2 or more days, and that period of days straddles the beginning of a financial year of the relevant body in question, the fraud offence must be taken to have been committed on the last of those days.</p></content></subsection><subsection eId="section-200-7"><num>(7)</num><intro><p>In this section “<term refersTo="#term-relevant-money-laundering-offence" eId="term-relevant-money-laundering-offence">relevant money laundering offence</term>” means an offence under any of the following sections of the Proceeds of Crime Act 2002—</p></intro><level class="para1" eId="section-200-7-a"><num>(a)</num><content><p>section 327 (concealing etc);</p></content></level><level class="para1" eId="section-200-7-b"><num>(b)</num><content><p>section 328 (arrangements);</p></content></level><level class="para1" eId="section-200-7-c"><num>(c)</num><content><p>section 329 (acquisition, use and possession).</p></content></level></subsection></section><section eId="section-201"><num>201</num><heading>Section 199: large organisations</heading><subsection eId="section-201-1"><num>(1)</num><content><p>For the purposes of section 199(1) and (2) a relevant body is a “large organisation” only if the body satisfied two or more of the following conditions in the financial year of the body (“year P”) that precedes the year of the fraud offence—</p><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:52%"/><default:col span="1" style="width:48%"/><default:tbody><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Turnover</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">More than £36 million</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Balance sheet total</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">More than £18 million</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Number of employees</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">More than 250.</p></default:td></default:tr></default:tbody></default:table></foreign></tblock></content></subsection><subsection eId="section-201-2"><num>(2)</num><content><p>The reference in subsection (1) to a relevant body does not include a relevant body which is a parent undertaking (as to which see section 202).</p></content></subsection><subsection eId="section-201-3"><num>(3)</num><content><p>For a period that is a relevant body’s financial year but not in fact a year, the figure for turnover must be proportionately adjusted.</p></content></subsection><subsection eId="section-201-4"><num>(4)</num><intro><p>In subsection (1) the “<term refersTo="#term-number-of-employees" eId="term-number-of-employees">number of employees</term>” means the average number of persons employed by the relevant body in year P, determined as follows—</p></intro><level class="para1" eId="section-201-4-a"><num>(a)</num><content><p>find for each month in year P the number of persons employed under contracts of service by the relevant body in that month (whether throughout the month or not),</p></content></level><level class="para1" eId="section-201-4-b"><num>(b)</num><content><p>add together the monthly totals, and</p></content></level><level class="para1" eId="section-201-4-c"><num>(c)</num><content><p>divide by the number of months in year P.</p></content></level></subsection><subsection eId="section-201-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-balance-sheet-total" eId="term-balance-sheet-total">balance sheet total</term>”, in relation to a relevant body and a financial year—</p></intro><level class="para1"><num>(a)</num><content><p>means the aggregate of the amounts shown as assets in its balance sheet at the end of the financial year, or</p></content></level><level class="para1"><num>(b)</num><content><p>where the body has no balance sheet for the financial year, has a corresponding meaning;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“turnover”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to a UK company, has the same meaning as in Part 15 of the Companies Act 2006 (see section 474 of that Act);</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to any other relevant body, has a corresponding meaning;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“year of the fraud offence” is to be interpreted in accordance with section 199(1).</p></content></hcontainer></subsection><subsection eId="section-201-6"><num>(6)</num><content><p>The Secretary of State may by regulations modify this section (other than this subsection and subsections (7) and (9)) and section 202 for the purpose of altering the meaning of “large organisation” in section 199(1) and (2).</p></content></subsection><subsection eId="section-201-7"><num>(7)</num><intro><p>The Secretary of State may (whether or not the power in subsection (6) has been exercised) by regulations—</p></intro><level class="para1" eId="section-201-7-a"><num>(a)</num><content><p>omit the words “which is a large organisation” in section 199(1) and (2)(c), and</p></content></level><level class="para1" eId="section-201-7-b"><num>(b)</num><content><p>make any modifications of this section (other than this subsection) that the Secretary of State thinks appropriate in consequence of provision made under paragraph (a).</p></content></level></subsection><subsection eId="section-201-8"><num>(8)</num><intro><p>Before making regulations under subsection (6) or (7) the Secretary of State must consult—</p></intro><level class="para1" eId="section-201-8-a"><num>(a)</num><content><p>the Scottish Ministers, and</p></content></level><level class="para1" eId="section-201-8-b"><num>(b)</num><content><p>the Department of Justice in Northern Ireland.</p></content></level></subsection><subsection eId="section-201-9"><num>(9)</num><content><p>Regulations under subsection (6) or (7) may make consequential amendments of section 205.</p></content></subsection></section><section eId="section-202"><num>202</num><heading>Large organisations: parent undertakings</heading><subsection eId="section-202-1"><num>(1)</num><content><p>For the purposes of section 199(1) and (2) a relevant body which is a parent undertaking is a “large organisation” only if the group headed by it satisfied two or more of the following conditions in the financial year of the body that precedes the year of the fraud offence—</p><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:52%"/><default:col span="1" style="width:48%"/><default:tbody><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Aggregate turnover</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">More than £36 million net (or £43.2 million gross)</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Aggregate balance sheet total</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">More than £18 million net (or £21.6 million gross)</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Aggregate number of employees</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">More than 250.</p></default:td></default:tr></default:tbody></default:table></foreign></tblock></content></subsection><subsection eId="section-202-2"><num>(2)</num><content><p>The aggregate figures are ascertained by aggregating the relevant figures determined in accordance with section 201 for each member of the group.</p></content></subsection><subsection eId="section-202-3"><num>(3)</num><intro><p>In relation to the aggregate figures for turnover and balance sheet total, “net” and “gross”—</p></intro><level class="para1" eId="section-202-3-a"><num>(a)</num><content><p>except where paragraph (b) applies, have the meaning given by subsection (6) of section 466 of the Companies Act 2006;</p></content></level><level class="para1" eId="section-202-3-b"><num>(b)</num><content><p>in the case of accounts that are not of a kind specified in the definition of “net” in that subsection, have a corresponding meaning.</p></content></level></subsection><subsection eId="section-202-4"><num>(4)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-balance-sheet-total" eId="term-balance-sheet-total">balance sheet total</term>” (in relation to a relevant body and a financial year) has the same meaning as in section 201;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-group" eId="term-group">group</term>” means a parent undertaking and its subsidiary undertakings;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-turnover" eId="term-turnover">turnover</term>” (in relation to a UK company or other relevant body) has the same meaning as in section 201;</p></content></hcontainer><hcontainer name="definition"><content><p>“year of the fraud offence” is to be interpreted in accordance with section 199(1) or (2) (as the case requires).</p></content></hcontainer></subsection><subsection eId="section-202-5"><num>(5)</num><content><p>In this section “balance sheet total” and “<term refersTo="#term-turnover" eId="term-turnover">turnover</term>”, in relation to a subsidiary undertaking which is not a relevant body, have a meaning corresponding to the meaning given by subsection (4).</p></content></subsection></section><section eId="section-203"><num>203</num><heading>Offences under section 199 committed by partnerships</heading><subsection eId="section-203-1"><num>(1)</num><content><p>Proceedings for an offence under section 199 alleged to have been committed by a partnership must be brought in the name of the partnership (and not in that of any of the partners).</p></content></subsection><subsection eId="section-203-2"><num>(2)</num><intro><p>For the purposes of such proceedings—</p></intro><level class="para1" eId="section-203-2-a"><num>(a)</num><content><p>rules of court relating to the service of documents have effect as if the partnership were a body corporate, and</p></content></level><level class="para1" eId="section-203-2-b"><num>(b)</num><intro><p>the following provisions apply as they apply in relation to a body corporate—</p></intro><level class="para2" eId="section-203-2-b-i"><num>(i)</num><content><p>section 33 of the Criminal Justice Act 1925 and Schedule 3 to the Magistrates’ Courts Act 1980;</p></content></level><level class="para2" eId="section-203-2-b-ii"><num>(ii)</num><content><p>section 18 of the <ref eId="c00030" href="http://www.legislation.gov.uk/id/apni/1945/15">Criminal Justice Act (Northern Ireland) 1945 (c. 15 (N.I.))</ref> and Schedule 4 to the Magistrates’ Courts (Northern Ireland) Order 1981 (<ref eId="c00031" href="http://www.legislation.gov.uk/id/nisi/1981/1675">S.I. 1981/1675 (N.I. 26)</ref>);</p></content></level><level class="para2" eId="section-203-2-b-iii"><num>(iii)</num><content><p>sections 34(2), 66(6AA) and 72D(2) of the Criminal Procedure (Scotland) Act 1995.</p></content></level></level></subsection><subsection eId="section-203-3"><num>(3)</num><content><p>A fine imposed on the partnership on its conviction for an offence under section 199 is to be paid out of the partnership assets.</p></content></subsection></section><section eId="section-204"><num>204</num><heading>Guidance about preventing fraud offences</heading><subsection eId="section-204-1"><num>(1)</num><content><p>The Secretary of State must issue guidance about procedures that relevant bodies can put in place to prevent persons associated with them from committing fraud offences as mentioned in section 199(1).</p></content></subsection><subsection eId="section-204-2"><num>(2)</num><content><p>The Secretary of State may from time to time revise the whole or any part of the guidance issued under this section.</p></content></subsection><subsection eId="section-204-3"><num>(3)</num><intro><p>The Secretary of State must publish—</p></intro><level class="para1" eId="section-204-3-a"><num>(a)</num><content><p>any guidance issued under this section;</p></content></level><level class="para1" eId="section-204-3-b"><num>(b)</num><content><p>any revision of that guidance.</p></content></level></subsection><subsection eId="section-204-4"><num>(4)</num><intro><p>Before issuing or revising guidance under this section the Secretary of State must consult—</p></intro><level class="para1" eId="section-204-4-a"><num>(a)</num><content><p>the Scottish Ministers, and</p></content></level><level class="para1" eId="section-204-4-b"><num>(b)</num><content><p>the Department of Justice in Northern Ireland.</p></content></level></subsection><subsection eId="section-204-5"><num>(5)</num><content><p>The requirement to consult those persons may be satisfied by consultation carried out before this section comes into force.</p></content></subsection></section><section eId="section-205"><num>205</num><heading>Failure to prevent fraud: minor definitions</heading><subsection eId="section-205-1"><num>(1)</num><content><p>This section applies for the purposes of sections 199 to 204.</p></content></subsection><subsection eId="section-205-2"><num>(2)</num><content><p>References to a person “associated with” a relevant body are to be interpreted in accordance with section 199(7).</p></content></subsection><subsection eId="section-205-3"><num>(3)</num><content><p>“<term refersTo="#term-financial-year" eId="term-financial-year">Financial year</term>” has the meaning given by section 199(14).</p></content></subsection><subsection eId="section-205-4"><num>(4)</num><content><p>“<term refersTo="#term-fraud-offence" eId="term-fraud-offence">Fraud offence</term>” has the meaning given by section 199(6).</p></content></subsection><subsection eId="section-205-5"><num>(5)</num><content><p>“<term refersTo="#term-modify" eId="term-modify">Modify</term>” includes amend or repeal (and references to modifications are to be interpreted accordingly).</p></content></subsection><subsection eId="section-205-6"><num>(6)</num><content><p>“<term refersTo="#term-parent-undertaking" eId="term-parent-undertaking">Parent undertaking</term>” has the same meaning as in the Companies Acts (see section 1162 of the Companies Act 2006).</p></content></subsection><subsection eId="section-205-7"><num>(7)</num><intro><p>“<term refersTo="#term-partnership" eId="term-partnership">Partnership</term>” means—</p></intro><level class="para1" eId="section-205-7-a"><num>(a)</num><content><p>a partnership within the meaning of the Partnership Act 1890;</p></content></level><level class="para1" eId="section-205-7-b"><num>(b)</num><content><p>a limited partnership registered under the Limited Partnerships Act 1907;</p></content></level><level class="para1" eId="section-205-7-c"><num>(c)</num><content><p>a firm or other entity of a similar character to one within paragraph (a) or (b) formed under the law of a country or territory outside the United Kingdom.</p></content></level></subsection><subsection eId="section-205-8"><num>(8)</num><content><p>“<term refersTo="#term-relevant-body" eId="term-relevant-body">Relevant body</term>” has the meaning given by section 199(13).</p></content></subsection><subsection eId="section-205-9"><num>(9)</num><content><p>“<term refersTo="#term-subsidiary-undertaking" eId="term-subsidiary-undertaking">Subsidiary undertaking</term>” has the same meaning as in the Companies Acts (see section 1162 of the Companies Act 2006).</p></content></subsection><subsection eId="section-205-10"><num>(10)</num><content><p>“<term refersTo="#term-uk-company" eId="term-uk-company">UK company</term>” means a company formed and registered under the Companies Act 2006.</p></content></subsection></section><section eId="section-206"><num>206</num><heading>Failure to prevent fraud: miscellaneous</heading><subsection eId="section-206-1"><num>(1)</num><content><p><mod>In section 61(1) of the Serious Organised Crime and Police Act 2005 (offences to which certain investigatory powers apply), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(k)</num><content><p>an offence under section 199 of the Economic Crime and Corporate Transparency Act 2023 (failure to prevent fraud offences).</p></content></level></quotedStructure></mod></p></content></subsection><subsection eId="section-206-2"><num>(2)</num><intro><p>In Schedule 1 to the Serious Crime Act 2007 (offences which are serious offences for purposes of serious crime prevention orders)—</p></intro><level class="para1" eId="section-206-2-a"><num>(a)</num><content><p><mod>in Part 1 (serious offences in England and Wales), in paragraph 7, after sub-paragraph (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2A)</num><content><p>An offence under section 199 of the Economic Crime and Corporate Transparency Act 2023 (failure to prevent fraud offences).</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-206-2-b"><num>(b)</num><content><p><mod>in Part 1A (serious offences in Scotland), in paragraph 16J, after sub-paragraph (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(1A)</num><content><p>An offence under section 199 of the Economic Crime and Corporate Transparency Act 2023 (failure to prevent fraud offences).</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-206-2-c"><num>(c)</num><content><p><mod>in Part 2 (serious offences in Northern Ireland), in paragraph 23, after sub-paragraph (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2A)</num><content><p>An offence under section 199 of the Economic Crime and Corporate Transparency Act 2023 (failure to prevent fraud offences).</p></content></subparagraph></quotedStructure></mod></p></content></level></subsection><subsection eId="section-206-3"><num>(3)</num><content><p><mod>In Part 2 of Schedule 17 to the Crime and Courts Act 2013 (offences in relation to which a deferred prosecution agreement may be entered into), after paragraph 27A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><paragraph class="schProv1"><num>27B</num><content><p>An offence under section 199 of the Economic Crime and Corporate Transparency Act 2023 (failure to prevent fraud offences).</p></content></paragraph></quotedStructure></mod></p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-regulatory-and-investigatory-powers"><heading>Regulatory and investigatory powers</heading><section eId="section-207"><num>207</num><heading>Law Society: powers to fine in cases relating to economic crime</heading><subsection eId="section-207-1"><num>(1)</num><content><p><mod>In section 44D of the Solicitors Act 1974 (disciplinary powers of Law Society), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>In a case where this subsection applies, subsection (2)(b) has effect as if the words after “<term refersTo="#term-penalty">penalty</term>” (which set a limit on the amount of the penalty a person may be directed to pay) were omitted.</p></content></subsection><subsection><num>(2B)</num><intro><p>Subsection (2A) applies where the Society takes action against a person under subsection (2)(b)—</p></intro><level class="para1"><num>(a)</num><intro><p>for failure to comply with a requirement or rule referred to in subsection (1)(a), where—</p></intro><level class="para2"><num>(i)</num><content><p>the requirement or rule applies only for purposes relating to the prevention or detection of economic crime, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the failure consisted of an act or omission which had the effect of inhibiting the prevention or detection of economic crime, or</p></content></level></level><level class="para1"><num>(b)</num><content><p>for professional misconduct as referred to in subsection (1)(b), where the misconduct consisted of an act or omission which had the effect of inhibiting the prevention or detection of economic crime.</p></content></level></subsection><subsection><num>(2C)</num><content><p>In subsection (2B) “<term refersTo="#term-economic-crime">economic crime</term>” has the meaning given by section 193(1) of the Economic Crime and Corporate Transparency Act 2023.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-207-2"><num>(2)</num><content><p><mod>In paragraph 14B of Schedule 2 to the Administration of Justice Act 1985 (disciplinary powers of Law Society), after sub-paragraph (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2A)</num><content><p>In a case where this sub-paragraph applies, sub-paragraph (2)(b) has effect as if the words after “<term refersTo="#term-penalty">penalty</term>” (which set a limit on the amount of the penalty a person may be directed to pay) were omitted.</p></content></subparagraph><subparagraph><num>(2B)</num><intro><p>Sub-paragraph (2A) applies where the Society takes action against a person under sub-paragraph (2)(b) for failure to comply with a requirement or rule referred to in sub-paragraph (1) where—</p></intro><level class="para1"><num>(a)</num><content><p>the requirement or rule applies only for purposes relating to the prevention or detection of economic crime, or</p></content></level><level class="para1"><num>(b)</num><content><p>the failure consisted of an act or omission which had the effect of inhibiting the prevention or detection of economic crime.</p></content></level></subparagraph><subparagraph><num>(2C)</num><content><p>In sub-paragraph (2B) “<term refersTo="#term-economic-crime">economic crime</term>” has the meaning given by section 193(1) of the Economic Crime and Corporate Transparency Act 2023.</p></content></subparagraph></quotedStructure></mod></p></content></subsection><subsection eId="section-207-3"><num>(3)</num><content><p>The amendments made by this section do not apply in relation to any act or omission occurring before the day on which this section comes into force.</p></content></subsection></section><section eId="section-208"><num>208</num><heading>Scottish Solicitors’ Discipline Tribunal: powers to fine in cases relating to economic crime</heading><subsection eId="section-208-1"><num>(1)</num><content><p>Section 53 of the Solicitors (Scotland) Act 1980 (powers of tribunal) is amended as follows.</p></content></subsection><subsection eId="section-208-2"><num>(2)</num><intro><p>In subsection (1)—</p></intro><level class="para1" eId="section-208-2-a"><num>(a)</num><intro><p>in paragraph (b)—</p></intro><level class="para2" eId="section-208-2-a-i"><num>(i)</num><content><p><mod>after “dishonesty” insert <quotedText>“(other than a conviction for an economic crime offence)”</quotedText>;</mod></p></content></level><level class="para2" eId="section-208-2-a-ii"><num>(ii)</num><content><p><mod>after “or has” insert <quotedText>“(other than in relation to a conviction for an economic crime offence)”</quotedText>;</mod></p></content></level></level><level class="para1" eId="section-208-2-b"><num>(b)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>a solicitor has (whether before or after enrolment as a solicitor) been convicted by any court of an economic crime offence, or</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-208-2-c"><num>(c)</num><content><p><mod>in paragraph (c), after “offence” insert <quotedText>“(other than a conviction for an economic crime offence)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-208-2-d"><num>(d)</num><content><p><mod>after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ca)</num><content><p>an incorporated practice has been convicted by any court of an economic crime offence, which conviction the Tribunal is satisfied renders it unsuitable to continue to be recognised under section 34(1A), or</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subsection><subsection eId="section-208-3"><num>(3)</num><content><p><mod>In subsection (2), after paragraph (c), insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ca)</num><content><p>where the Tribunal is proceeding on the ground in subsection (1)(ba) or (1)(ca), or where subsection (2A) or (2B) applies, impose on the solicitor or, as the case may be, the incorporated practice, a fine of any amount.</p></content></level></quotedStructure></mod></p></content></subsection><subsection eId="section-208-4"><num>(4)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>This subsection applies where the Tribunal is proceeding on the ground referred to in subsection (1)(a) and —</p></intro><level class="para1"><num>(a)</num><content><p>the solicitor has, in relation to the subject matter of the Tribunal’s inquiry, been convicted by any court of an economic crime offence, or</p></content></level><level class="para1"><num>(b)</num><content><p>the misconduct referred to in subsection (1)(a) consisted of an act or omission which had the effect of inhibiting the prevention or detection of an economic crime offence.</p></content></level></subsection><subsection><num>(2B)</num><intro><p>This subsection applies where the Tribunal is proceeding on the ground referred to in subsection (1)(d) and the incorporated practice has —</p></intro><level class="para1"><num>(a)</num><content><p>in relation to the subject matter of the Tribunal’s inquiry, been convicted by any court of an economic crime offence, or</p></content></level><level class="para1"><num>(b)</num><intro><p>failed to comply with a provision or rule as referred to in subsection (1)(d) and—</p></intro><level class="para2"><num>(i)</num><content><p>the failure consisted of an act or omission which had the effect of inhibiting the prevention or detection of an economic crime offence, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the provision or rule applies only for purposes relating to the prevention or detection of an economic crime offence.</p></content></level></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-208-5"><num>(5)</num><intro><p>In subsection (3ZA)—</p></intro><level class="para1" eId="section-208-5-a"><num>(a)</num><content><p><mod>in paragraph (a), after “dishonesty” insert <quotedText>“(not being an economic crime offence)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-208-5-b"><num>(b)</num><content><p><mod>in paragraph (b), at the end insert <quotedText>“, (1)(ba) or (1)(ca)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-208-5-c"><num>(c)</num><content><p><mod>after paragraph (b), insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>where subsection (2A) or (3A) applies.</p></content></level></quotedStructure></mod></p></content></level></subsection><subsection eId="section-208-6"><num>(6)</num><intro><p>In subsection (3A)—</p></intro><level class="para1" eId="section-208-6-a"><num>(a)</num><content><p><mod>in paragraph (a), for “(1)(a) or (b)” substitute <quotedText>“(1)(a), (b) or (ba)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-208-6-b"><num>(b)</num><content><p><mod>in paragraph (b), for “(1)(c) or (d)” substitute <quotedText>“(1)(c), (ca) or (d)”</quotedText>.</mod></p></content></level></subsection><subsection eId="section-208-7"><num>(7)</num><content><p><mod>After subsection (9) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(9A)</num><content><p>In this section, an economic crime offence means an economic crime within the meaning given by section 193<ref href="#section-193-1">(1)</ref> of the Economic Crime and Corporate Transparency Act 2023.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-208-8"><num>(8)</num><content><p>The amendments made by this section do not apply in relation to any act or omission occurring before the day on which this section comes into force.</p></content></subsection></section><section eId="section-209"><num>209</num><heading>Regulators of legal services: objective relating to economic crime</heading><subsection eId="section-209-1"><num>(1)</num><content><p>Section 1 of the Legal Services Act 2007 (regulatory objectives) is amended as follows.</p></content></subsection><subsection eId="section-209-2"><num>(2)</num><content><p><mod>In subsection (1), after paragraph (h) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(i)</num><content><p>promoting the prevention and detection of economic crime.</p></content></level></quotedStructure></mod></p></content></subsection><subsection eId="section-209-3"><num>(3)</num><content><p><mod>After subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><content><p>In subsection (1)(i) “<term refersTo="#term-economic-crime">economic crime</term>” has the meaning given by section 193(1) of the Economic Crime and Corporate Transparency Act 2023</p></content></subsection></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-210"><num>210</num><heading>Approved regulators: information powers relating to economic crime</heading><subsection eId="section-210-1"><num>(1)</num><content><p>The Legal Services Act 2007 is amended as follows.</p></content></subsection><subsection eId="section-210-2"><num>(2)</num><content><p><mod>After section 111 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><part><num>PART 5A</num><heading>Approved regulators: information powers</heading><hcontainer name="crossheading" ukl:Name="Pblock"><heading>The Law Society’s information powers relating to economic crime</heading><section eId="d28e30882"><num>111A</num><heading>The Law Society’s information powers relating to economic crime</heading><subsection eId="d28e30886"><num>(1)</num><intro><p>The Law Society may, by notice, require a person falling within subsection <ref href="#d28e30916">(3)</ref> to—</p></intro><level class="para1"><num>(a)</num><content><p>provide information, or information of a description, specified in the notice;</p></content></level><level class="para1"><num>(b)</num><content><p>produce documents, or documents of a description, specified in the notice.</p></content></level></subsection><subsection><num>(2)</num><content><p>The Law Society may only exercise the power in subsection <ref href="#d28e30886">(1)</ref> in relation to information or documents which the Law Society considers it necessary or expedient to have for the purposes of, or in connection with, the performance of its regulatory functions for purposes relating to the prevention or detection of economic crime.</p></content></subsection><subsection eId="d28e30916"><num>(3)</num><intro><p>The persons are—</p></intro><level class="para1" eId="d28e30922"><num>(a)</num><content><p>a solicitor;</p></content></level><level class="para1"><num>(b)</num><content><p>an employee of a solicitor;</p></content></level><level class="para1" eId="d28e30934"><num>(c)</num><content><p>a body recognised under section 9 of the Administration of Justice Act 1985;</p></content></level><level class="para1"><num>(d)</num><content><p>an employee or manager of, or person with an interest in, such a body;</p></content></level><level class="para1" eId="d28e30946"><num>(e)</num><content><p>a licensed body;</p></content></level><level class="para1"><num>(f)</num><content><p>a manager or employee of a licensed body;</p></content></level><level class="para1" eId="d28e30958"><num>(g)</num><content><p>a non-authorised person who has an interest or an indirect interest, or holds a material interest (within the meaning of Part 5 of this Act), in a licensed body;</p></content></level><level class="para1"><num>(h)</num><content><p>a person who was, but is no longer, of a description mentioned within any of paragraphs <ref href="#d28e30922">(a)</ref> to <ref href="#d28e30958">(g)</ref>.</p></content></level></subsection><subsection eId="d28e30976"><num>(4)</num><intro><p>A notice under subsection <ref href="#d28e30886">(1)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>may specify the manner and form in which the information is to be provided or document produced;</p></content></level><level class="para1"><num>(b)</num><content><p>must specify the period within which the information is to be provided or document produced;</p></content></level><level class="para1" eId="d28e30997"><num>(c)</num><content><p>may require the information to be provided, or document to be produced, to the Law Society or to a person specified in the notice.</p></content></level></subsection><subsection eId="d28e31003"><num>(5)</num><content><p>The Law Society may pay to any person such reasonable costs as may be incurred by that person in connection with the provision of any information, or production of any document, by that person pursuant to a notice under subsection <ref href="#d28e30886">(1)</ref>.</p></content></subsection><subsection><num>(6)</num><content><p>The Law Society, or a person specified under subsection <ref href="#d28e30997">(4)(c)</ref> in a notice, may take copies of or extracts from a document produced pursuant to a notice under subsection <ref href="#d28e30886">(1)</ref>.</p></content></subsection><subsection eId="d28e31024"><num>(7)</num><content><p>In this section “<term refersTo="#term-economic-crime">economic crime</term>” has the meaning given by section 193(1) of the Economic Crime and Corporate Transparency Act 2023.</p></content></subsection></section><section><num>111B</num><heading>Enforcement of information powers relating to economic crime</heading><subsection eId="d28e31040"><num>(1)</num><content><p>If a person refuses or otherwise fails to comply with a notice under section <ref href="#d28e30882">111A</ref><ref href="#d28e30886">(1)</ref>, the Law Society may apply to the High Court for an order requiring the person to comply with the notice or with such directions for the like purpose as may be contained in the order.</p></content></subsection><subsection eId="d28e31051"><num>(2)</num><content><p>On an application under subsection <ref href="#d28e31040">(1)</ref>, the High Court may order a person other than the person to whom the notice was given to provide information or produce documents specified in the notice, if the High Court is satisfied that there is reason to suspect that the information or documents have come into the possession or custody or under the control of that other person.</p></content></subsection><subsection><num>(3)</num><content><p>Section <ref href="#d28e30882">111A</ref><ref href="#d28e30976">(4)</ref> applies in relation to an order under subsection <ref href="#d28e31051">(2)</ref> as it applies in relation to a notice under section <ref href="#d28e30882">111A</ref><ref href="#d28e30886">(1)</ref>.</p></content></subsection><subsection><num>(4)</num><content><p>An order under this section may direct the Law Society to pay such reasonable costs as may be incurred by a person in connection with the provision of any information, or production of any document, by that person pursuant to the order.</p></content></subsection><subsection><num>(5)</num><content><p>A person may take copies of or extracts from a document produced to them pursuant to an order under this section.</p></content></subsection></section><section eId="d28e31094"><num>111C</num><heading>Provision of information relating to economic crime by other persons</heading><subsection><num>(1)</num><intro><p>The Law Society may apply to the High Court for an order requiring a person who does not fall within section <ref href="#d28e30882">111A</ref><ref href="#d28e30916">(3)</ref> to—</p></intro><level class="para1"><num>(a)</num><content><p>provide information, or information of a description, specified in the order, or</p></content></level><level class="para1"><num>(b)</num><content><p>produce documents, or documents of a description, specified in the order.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The High Court may make an order under this section only if it is satisfied—</p></intro><level class="para1"><num>(a)</num><content><p>that it is likely that the information or document is in the possession or custody of, or under the control of, the person, and</p></content></level><level class="para1"><num>(b)</num><content><p>that it is necessary or expedient for the Law Society to have the information or document for the purposes of, or in connection with, the performance of its regulatory functions for purposes relating to the prevention or detection of economic crime.</p></content></level></subsection><subsection><num>(3)</num><content><p>Section <ref href="#d28e30882">111A</ref><ref href="#d28e30976">(4)</ref> applies in relation to an order under this section as it applies in relation to a notice under section <ref href="#d28e30882">111A</ref><ref href="#d28e30886">(1)</ref>.</p></content></subsection><subsection><num>(4)</num><content><p>An order under this section may direct the Law Society to pay such reasonable costs as may be incurred by a person in connection with the provision of any information, or production of any document, by that person pursuant to the order.</p></content></subsection><subsection><num>(5)</num><content><p>A person may take copies of or extracts from a document produced to them pursuant to an order under this section.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-economic-crime">economic crime</term>” has the meaning given by section 193(1) of the Economic Crime and Corporate Transparency Act 2023.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Other approved regulators: information powers relating to economic crime</heading><section eId="d28e31182"><num>111D</num><heading>Order to confer information powers on other approved regulators</heading><subsection><num>(1)</num><intro><p>The Lord Chancellor may by order amend this Part so as to—</p></intro><level class="para1"><num>(a)</num><content><p>provide for sections <ref href="#d28e30882">111A</ref> to <ref href="#d28e31094">111C</ref> to apply in relation to an approved regulator other than the Law Society as they apply in relation to the Law Society, and</p></content></level><level class="para1"><num>(b)</num><content><p>specify the persons to whom notices under section <ref href="#d28e30882">111A</ref><ref href="#d28e30886">(1)</ref> may be given by that approved regulator.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The Lord Chancellor may make an order under this section in relation to an approved regulator only if—</p></intro><level class="para1"><num>(a)</num><content><p>the Board has made a recommendation in accordance with section 111E in relation to that approved regulator, and</p></content></level><level class="para1"><num>(b)</num><content><p>the persons specified in the order to whom notices under section 111A(1) may be given by that approved regulator are the same as those persons specified in the recommendation.</p></content></level></subsection></section><section><num>111E</num><heading>The Board’s power to recommend orders under section 111D</heading><subsection><num>(1)</num><content><p>The Board may recommend to the Lord Chancellor that the Lord Chancellor make an order under section <ref href="#d28e31182">111D</ref> in relation to an approved regulator.</p></content></subsection><subsection><num>(2)</num><content><p>A recommendation must specify the persons to whom the approved regulator should be able to give notices under section <ref href="#d28e30882">111A</ref><ref href="#d28e30886">(1)</ref>.</p></content></subsection><subsection><num>(3)</num><content><p>A recommendation may only be made with the consent of the approved regulator.</p></content></subsection><subsection><num>(4)</num><content><p>Before making a recommendation under this section, the Board must publish a draft of the proposed recommendation.</p></content></subsection><subsection><num>(5)</num><content><p>The draft must be accompanied by a notice which states that representations about the proposed recommendation may be made to the Board within a specified period.</p></content></subsection><subsection><num>(6)</num><content><p>Before making the recommendation, the Board must have regard to any representations duly made.</p></content></subsection></section></hcontainer></part></quotedStructure></mod></p></content></subsection><subsection eId="section-210-3"><num>(3)</num><content><p><mod>In section 206 (parliamentary control of orders and regulations), in subsection (4), after paragraph (n) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(na)</num><content><p>section 111D (order to confer information powers on other approved regulators);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-211"><num>211</num><heading>Serious Fraud Office: pre-investigation powers</heading><subsection eId="section-211-1"><num>(1)</num><intro><p>In section 2A of the Criminal Justice Act 1987 (Director’s pre-investigation powers in relation to bribery and corruption: foreign officers etc), omit the following—</p></intro><level class="para1" eId="section-211-1-a"><num>(a)</num><content><p>in the heading, the words from “in relation to” to the end;</p></content></level><level class="para1" eId="section-211-1-b"><num>(b)</num><content><p>in subsection (1), the words from “in a case” to the end;</p></content></level><level class="para1" eId="section-211-1-c"><num>(c)</num><content><p>subsection (5).</p></content></level></subsection><subsection eId="section-211-2"><num>(2)</num><content><p>In Schedule 1 to the Bribery Act 2010 (consequential amendments), omit paragraph 2 and the preceding italic heading.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-reports-on-payments-to-governments"><heading>Reports on payments to governments</heading><section eId="section-212"><num>212</num><heading>Reports on payments to governments regulations: false statement offences etc</heading><content><p><mod>For regulation 16 of the Reports on Payments to Governments Regulations 2014 (<ref eId="c00032" href="http://www.legislation.gov.uk/id/uksi/2014/3209">S.I. 2014/3209</ref>) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="double"><hcontainer name="regulation"><heading>False statements: basic offence</heading><num>16</num><paragraph><num>(1)</num><intro><p>It is an offence for a person, without reasonable excuse, to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for the purposes of these Regulations, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for the purposes of these Regulations, a statement that is misleading, false or deceptive in a material particular.</p></content></level></paragraph><paragraph eId="d28e31381"><num>(2)</num><content><p>Where the offence is committed by a firm, every officer of the firm who is in default also commits the offence.</p></content></paragraph><paragraph><num>(3)</num><content><p>In paragraph <ref href="#d28e31381">(2)</ref> “<term refersTo="#term-firm">firm</term>” has the meaning given by section 1173(1) of the Act.</p></content></paragraph><paragraph><num>(4)</num><content><p>Sections 1121 to 1123 of the Act (liability of officers default: interpretation etc) apply for the purposes of paragraph <ref href="#d28e31381">(2)</ref> as they apply for the purposes of provisions of the Companies Acts.</p></content></paragraph><paragraph><num>(5)</num><intro><p>A person guilty of an offence under this regulation is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</p></content></level></paragraph><paragraph><num>(6)</num><intro><p>No proceedings are to be brought for an offence under this regulation—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales except by or with the consent of the Secretary of State or the Director of Public Prosecutions;</p></content></level><level class="para1"><num>(b)</num><content><p>in Northern Ireland except by or with the consent of the Secretary of State or the Director of Public Prosecutions for Northern Ireland.</p></content></level></paragraph></hcontainer><hcontainer name="regulation"><heading>False statements: aggravated offence</heading><num>16BA</num><paragraph><num>(1)</num><intro><p>It is an offence for a person knowingly to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for the purposes of these Regulations, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for the purposes of these Regulations, a statement that is misleading, false or deceptive in a material particular.</p></content></level></paragraph><paragraph eId="d28e31475"><num>(2)</num><content><p>Where the offence is committed by a firm, every officer of the firm who is in default also commits the offence.</p></content></paragraph><paragraph><num>(3)</num><content><p>In paragraph <ref href="#d28e31475">(2)</ref> “<term refersTo="#term-firm">firm</term>” has the meaning given by section 1173(1) of the Act.</p></content></paragraph><paragraph><num>(4)</num><content><p>Sections 1121 to 1123 of the Act (liability of officers default: interpretation etc) apply for the purposes of paragraph <ref href="#d28e31475">(2)</ref> as they apply for the purposes of provisions of the Companies Acts.</p></content></paragraph><paragraph><num>(5)</num><intro><p>A person guilty of an offence under this regulation is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both).</p></content></level></level></paragraph><paragraph><num>(6)</num><intro><p>No proceedings are to be brought for an offence under this regulation—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales except by or with the consent of the Secretary of State or the Director of Public Prosecutions;</p></content></level><level class="para1"><num>(b)</num><content><p>in Northern Ireland except by or with the consent of the Secretary of State or the Director of Public Prosecutions for Northern Ireland.</p></content></level></paragraph></hcontainer></quotedStructure></mod></p></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-reports-on-implementation"><heading>Reports on implementation</heading><section eId="section-213"><num>213</num><heading>Reports on the implementation and operation of Parts 1 to 3</heading><subsection eId="section-213-1"><num>(1)</num><intro><p>The Secretary of State must—</p></intro><level class="para1" eId="section-213-1-a"><num>(a)</num><content><p>prepare reports on the implementation and operation of Parts 1 to 3, and</p></content></level><level class="para1" eId="section-213-1-b"><num>(b)</num><content><p>lay a copy of each report before Parliament.</p></content></level></subsection><subsection eId="section-213-2"><num>(2)</num><content><p>The first report must be laid within the period of 6 months beginning with the day on which this Act is passed.</p></content></subsection><subsection eId="section-213-3"><num>(3)</num><content><p>Each subsequent report must be laid within the period of 12 months beginning with the day on which the previous report was laid.</p></content></subsection><subsection eId="section-213-4"><num>(4)</num><content><p>But the duty to prepare and lay reports under subsection (1) ceases with the laying of the first report on or after 1 January 2030.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-sanctions-enforcement-monetary-penalties"><heading>Sanctions enforcement: monetary penalties</heading><section eId="section-214"><num>214</num><heading>Sanctions enforcement: monetary penalties</heading><subsection eId="section-214-1"><num>(1)</num><intro><p>In section 143 of the Policing and Crime Act 2017 (interpretation), in subsection (4) (meaning of “<term refersTo="#term-financial-sanctions-legislation" eId="term-financial-sanctions-legislation">financial sanctions legislation</term>”), in paragraph (f)—</p></intro><level class="para1" eId="section-214-1-a"><num>(a)</num><content><p>the words from “contains” to the end become sub-paragraph (i);</p></content></level><level class="para1" eId="section-214-1-b"><num>(b)</num><content><p><mod>at the end of that sub-paragraph insert—<quotedText startQuote="“">;</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para2"><num>(ii)</num><content><p>makes supplemental provision (within the meaning of section 1(6) of that Act) in connection with any prohibition or requirement mentioned in sub-paragraph (i).</p></content></level></quotedStructure></mod></p></content></level></subsection><subsection eId="section-214-2"><num>(2)</num><content><p>The Sanctions and Anti-Money Laundering Act 2018 is amended as follows.</p></content></subsection><subsection eId="section-214-3"><num>(3)</num><content><p><mod>In section 17 (enforcement), in subsection (9), in paragraph (a), after “(2)” insert <quotedText>“or makes supplemental provision in connection with any such prohibition or requirement”</quotedText>.</mod></p></content></subsection><subsection eId="section-214-4"><num>(4)</num><content><p><mod>After section 17 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>17A</num><heading>Enforcement: monetary penalties</heading><subsection><num>(1)</num><content><p>The provision that may be made by virtue of section 17(2) (enforcement of prohibitions or requirements) includes provision authorising a prescribed person to impose a monetary penalty on another person if satisfied, to the prescribed standard of proof, that the other person has breached a prohibition, or failed to comply with a requirement, that is imposed by or under regulations.</p></content></subsection><subsection><num>(2)</num><content><p>Regulations authorising the Treasury to impose a monetary penalty in respect of a breach or failure for which the Treasury could impose a monetary penalty under Part 8 of the Policing and Crime Act 2017 may not be made unless the regulations also make provision of the kind mentioned in section 17(9) to disapply Part 8 of that Act in respect of that breach or failure.</p></content></subsection><subsection><num>(3)</num><content><p>Regulations authorising the imposition of a monetary penalty may make provision that, in determining for the purposes of the regulations whether a person has breached a prohibition, or failed to comply with a requirement, any requirement relating to the person’s knowledge or intention is to be ignored.</p></content></subsection><subsection eId="d28e31692"><num>(4)</num><intro><p>Regulations authorising the imposition of a monetary penalty must provide that—</p></intro><level class="para1"><num>(a)</num><intro><p>a person is not liable to such a penalty in respect of conduct amounting to an offence if—</p></intro><level class="para2"><num>(i)</num><content><p>proceedings have been brought against the person for that offence in respect of that conduct and the proceedings are ongoing, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the person has been convicted of that offence in respect of that conduct, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>no proceedings may be brought against a person in respect of conduct amounting to an offence if the person has been given such a penalty under the regulations in respect of that conduct.</p></content></level></subsection><subsection><num>(5)</num><content><p>Where regulations authorising the imposition of a monetary penalty authorise a prescribed person to determine the amount of the penalty, the regulations must provide for a maximum penalty.</p></content></subsection><subsection><num>(6)</num><content><p>The maximum penalty may be a prescribed sum of any amount or may be calculated in accordance with the regulations.</p></content></subsection><subsection><num>(7)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-conduct">conduct</term>” means an act or omission;</p></content></hcontainer><hcontainer name="definition"><content><p>“regulations” mean regulations under section 1.</p></content></hcontainer></subsection></section></quotedStructure></mod></p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-report-on-costs-orders-for-proceedings-for-civil-recovery"><heading>Report on costs orders for proceedings for civil recovery</heading><section eId="section-215"><num>215</num><heading>Report on costs orders for proceedings for civil recovery</heading><subsection eId="section-215-1"><num>(1)</num><content><p>The Secretary of State must assess whether it would be appropriate to restrict the court’s power to order that the costs of proceedings under Chapter 2 of Part 5 of the Proceeds of Crime Act 2002 are payable by an enforcement authority and, if so, how.</p></content></subsection><subsection eId="section-215-2"><num>(2)</num><content><p>In carrying out the assessment, the Secretary of State must consult such persons as the Secretary of State considers appropriate.</p></content></subsection><subsection eId="section-215-3"><num>(3)</num><content><p>The Secretary of State must publish and lay before Parliament a report on the outcome of the assessment by the end of the period of 12 months beginning with the day on which this Act is passed.</p></content></subsection><subsection eId="section-215-4"><num>(4)</num><content><p>In this section “<term refersTo="#term-the-court" eId="term-the-court">the court</term>” means the High Court in England and Wales.</p></content></subsection></section></hcontainer></part>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-money-laundering-and-terrorist-financing"><heading>Money laundering and terrorist financing</heading><section eId="section-182"><num>182</num><heading>Money laundering: exiting and paying away exemptions</heading><subsection eId="section-182-1"><num>(1)</num><content><p>The Proceeds of Crime Act 2002 is amended as follows.</p></content></subsection><subsection eId="section-182-2"><num>(2)</num><content><p><mod>In section 327 (concealing etc), after subsection (2C) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26351"><num>(2D)</num><intro><p>A person (“<term refersTo="#term-p">P</term>”) who does an act mentioned in paragraph (c) or (d) of subsection (1) does not commit an offence under that subsection if—</p></intro><level class="para1"><num>(a)</num><content><p>P is carrying on business in the regulated sector that is not excluded business,</p></content></level><level class="para1"><num>(b)</num><intro><p>P does the act, in the course of that business—</p></intro><level class="para2"><num>(i)</num><content><p>in transferring or handing over to a customer or client money or other property of, or owing to, the customer or client, and</p></content></level><level class="para2"><num>(ii)</num><content><p>for the purposes of the termination of P’s business relationship with the customer or client,</p></content></level></level><level class="para1"><num>(c)</num><content><p>the total value of the criminal property so transferred or handed over to the customer or client by P for those purposes is less than the threshold amount determined under section 339A for the act, and</p></content></level><level class="para1"><num>(d)</num><content><p>before the act is done, P has complied with the customer due diligence duties.</p></content></level></subsection><subsection><num>(2E)</num><intro><p>For the purposes of subsection <ref href="#d28e26351">(2D)</ref>—</p></intro><level class="para1" eId="d28e26405"><num>(a)</num><content><p>business is “excluded” if it is of a description specified in regulations made by the Secretary of State for the purposes of this paragraph;</p></content></level><level class="para1"><num>(b)</num><content><p>a reference to property being transferred or handed over to the customer or client includes a reference to property being transferred or handed over to another person at the direction of the customer or client;</p></content></level><level class="para1"><num>(c)</num><content><p>“<term refersTo="#term-customer-due-diligence-duties">customer due diligence duties</term>” means all duties imposed on P in relation to the customer or client by regulation 28(2), (3), (3A), (4), (8) or (10) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (<ref eId="c00022" href="http://www.legislation.gov.uk/id/uksi/2017/692">S.I. 2017/692</ref>) (customer due diligence measures).</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-182-3"><num>(3)</num><content><p><mod>In section 328 (arrangements), after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26436"><num>(6)</num><intro><p>A person (“<term refersTo="#term-p">P</term>”) who does an act mentioned in subsection (1) does not commit an offence under that subsection if—</p></intro><level class="para1"><num>(a)</num><content><p>P is carrying on business in the regulated sector that is not excluded business,</p></content></level><level class="para1"><num>(b)</num><intro><p>P does the act, in the course of that business—</p></intro><level class="para2"><num>(i)</num><content><p>in transferring or handing over to a customer or client money or other property of, or owing to, the customer or client, and</p></content></level><level class="para2"><num>(ii)</num><content><p>for the purposes of the termination of P’s business relationship with the customer or client,</p></content></level></level><level class="para1"><num>(c)</num><content><p>the total value of the criminal property so transferred or handed over to the customer or client by P for those purposes is less than the threshold amount determined under section 339A for the act, and</p></content></level><level class="para1"><num>(d)</num><content><p>before the act is done, P has complied with the customer due diligence duties.</p></content></level></subsection><subsection><num>(7)</num><intro><p>For the purposes of subsection <ref href="#d28e26436">(6)</ref>—</p></intro><level class="para1" eId="d28e26490"><num>(a)</num><content><p>business is “excluded” if it is of a description specified in regulations made by the Secretary of State for the purposes of this subsection;</p></content></level><level class="para1"><num>(b)</num><content><p>a reference to property being transferred or handed over to the customer or client includes a reference to property being transferred or handed over to another person at the direction of the customer or client;</p></content></level><level class="para1"><num>(c)</num><content><p>“<term refersTo="#term-customer-due-diligence-duties">customer due diligence duties</term>” means all duties imposed on P in relation to the customer or client by regulation 28(2), (3), (3A), (4), (8) or (10) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (<ref eId="c00023" href="http://www.legislation.gov.uk/id/uksi/2017/692">S.I. 2017/692</ref>) (customer due diligence measures).</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-182-4"><num>(4)</num><content><p><mod>In section 329 (acquisition, use and possession), after subsection (2C) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26521"><num>(2D)</num><intro><p>A person (“<term refersTo="#term-p">P</term>”) who does an act mentioned in subsection (1) does not commit an offence under that subsection if—</p></intro><level class="para1"><num>(a)</num><content><p>P is carrying on business in the regulated sector that is not excluded business,</p></content></level><level class="para1"><num>(b)</num><intro><p>P does the act, in the course of that business—</p></intro><level class="para2"><num>(i)</num><content><p>in transferring or handing over to the customer or client property of, or owing to, a customer or client, and</p></content></level><level class="para2"><num>(ii)</num><content><p>for the purposes of the termination of P’s business relationship with the customer or client,</p></content></level></level><level class="para1"><num>(c)</num><content><p>the total value of the criminal property so transferred or handed over to the customer or client by P for those purposes is less than the threshold amount determined under section 339A for the act, and</p></content></level><level class="para1"><num>(d)</num><content><p>before the act is done, P has complied with the customer due diligence duties.</p></content></level></subsection><subsection><num>(2E)</num><intro><p>For the purposes of subsection <ref href="#d28e26521">(2D)</ref>—</p></intro><level class="para1" eId="d28e26575"><num>(a)</num><content><p>business is “excluded” if it is of a description specified in regulations made by the Secretary of State for the purposes of this subsection;</p></content></level><level class="para1"><num>(b)</num><content><p>a reference to property being transferred or handed over to the customer or client includes a reference to property being transferred or handed over to another person at the direction of the customer or client;</p></content></level><level class="para1"><num>(c)</num><content><p>“<term refersTo="#term-customer-due-diligence-duties">customer due diligence duties</term>” means all duties imposed on P in relation to the customer or client by regulation 28(2), (3), (3A), (4), (8) or (10) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (<ref eId="c00024" href="http://www.legislation.gov.uk/id/uksi/2017/692">S.I. 2017/692</ref>) (customer due diligence measures).</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-182-5"><num>(5)</num><intro><p>In section 339A (threshold amounts)—</p></intro><level class="para1" eId="section-182-5-a"><num>(a)</num><content><p><mod>for subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>In this section—</p></intro><level class="para1"><num>(a)</num><content><p>subsections (2) to (6) apply for the purposes of sections 327(2C), 328(5) and 329(2C), and</p></content></level><level class="para1"><num>(b)</num><content><p>subsection (6A) applies for the purposes of sections 327<ref href="#d28e26351">(2D)</ref>, 328<ref href="#d28e26436">(6)</ref> and 329<ref href="#d28e26521">(2D)</ref>.</p></content></level></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-182-5-b"><num>(b)</num><content><p><mod>after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26648"><num>(6A)</num><content><p>The threshold amount for acts done by a person carrying on business in the regulated sector, for the purposes of the termination of a business relationship with a customer or client, is £1000.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-182-5-c"><num>(c)</num><content><p><mod>in subsection (7), after “subsection (2)” insert <quotedText>“or <ref href="#d28e26648">(6A)</ref>”</quotedText>.</mod></p></content></level></subsection><subsection eId="section-182-6"><num>(6)</num><content><p><mod>In section 340 (interpretation of Part 7), after subsection (16) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(17)</num><intro><p>“<term refersTo="#term-business-relationship">Business relationship</term>” means a business, professional or commercial relationship between a person carrying on business in the regulated sector and a customer or client, where the relationship—</p></intro><level class="para1"><num>(a)</num><content><p>arises out of the business of that person, and</p></content></level><level class="para1"><num>(b)</num><content><p>is expected by that person, at the time when contact is established, to have an element of duration.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-182-7"><num>(7)</num><intro><p>In section 459 (orders and regulations)—</p></intro><level class="para1" eId="section-182-7-a"><num>(a)</num><content><p><mod>in subsection (4), after paragraph (aza) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(azaa)</num><content><p>regulations under section 327<ref href="#d28e26405">(2E)(a)</ref>, 328<ref href="#d28e26490">(7)(a)</ref> or 329<ref href="#d28e26575">(2E)(a)</ref>;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-182-7-b"><num>(b)</num><content><p><mod>after subsection (6ZB) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6ZBA)</num><content><p>No regulations may be made by the Secretary of State under section 327<ref href="#d28e26405">(2E)(a)</ref>, 328<ref href="#d28e26490">(7)(a)</ref> or 329<ref href="#d28e26575">(2E)(a)</ref> unless a draft of the regulations has been laid before Parliament and approved by a resolution of each House.</p></content></subsection></quotedStructure></mod></p></content></level></subsection></section><section eId="section-183"><num>183</num><heading>Money laundering: exemptions for mixed-property transactions</heading><subsection eId="section-183-1"><num>(1)</num><content><p>The Proceeds of Crime Act 2002 is amended as follows.</p></content></subsection><subsection eId="section-183-2"><num>(2)</num><content><p><mod>In section 327 (concealing etc), after subsection (2E) (inserted by section 182) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26770"><num>(2F)</num><intro><p>A person (“<term refersTo="#term-p">P</term>”) who does an act mentioned in paragraph (c), (d) or (e) of subsection (1) does not commit an offence under that subsection if—</p></intro><level class="para1"><num>(a)</num><content><p>P is carrying on business in the regulated sector,</p></content></level><level class="para1"><num>(b)</num><content><p>P does the act in the course of that business, on behalf of a customer or client, in operating an account or accounts maintained with P or in connection with holding any property for the customer or client,</p></content></level><level class="para1"><num>(c)</num><content><p>at the time of the act, P knows or suspects that part but not all of the funds in the account or accounts, or of the property so held, is criminal property (“the relevant criminal property”),</p></content></level><level class="para1"><num>(d)</num><content><p>it is not possible, at the time the act takes place, to identify the part of the funds or property that is the relevant criminal property, and</p></content></level><level class="para1"><num>(e)</num><content><p>the value of the funds in the account or accounts, or of the property so held, is not, as a direct or indirect result of the act, less than the value of the relevant criminal property at the time of the act.</p></content></level></subsection><subsection><num>(2G)</num><intro><p>Where subsection <ref href="#d28e26770">(2F)</ref> applies—</p></intro><level class="para1"><num>(a)</num><content><p>if P does the act in operating an account or accounts, the funds in the account or accounts immediately after the act are assumed to include the relevant criminal property, and</p></content></level><level class="para1"><num>(b)</num><content><p>if P does the act in connection with holding any property for the customer or client, such of that property as is held by P immediately after the act is assumed to include the relevant criminal property.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-183-3"><num>(3)</num><content><p><mod>In section 328 (arrangements), after subsection (7) (inserted by section 182) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26837"><num>(8)</num><intro><p>A person (“<term refersTo="#term-p">P</term>”) who does an act mentioned in subsection (1) does not commit an offence under that subsection if—</p></intro><level class="para1"><num>(a)</num><content><p>P is carrying on business in the regulated sector,</p></content></level><level class="para1"><num>(b)</num><content><p>P does the act in the course of that business, on behalf of a customer or client, in operating an account or accounts maintained with P or in connection with holding any property for the customer or client,</p></content></level><level class="para1"><num>(c)</num><content><p>at the time of the act, P knows or suspects that part but not all of the funds in the account or accounts, or of the property so held, is criminal property (“the relevant criminal property”),</p></content></level><level class="para1"><num>(d)</num><content><p>it is not possible, at the time the act takes place, to identify the part of the funds or property that is the relevant criminal property, and</p></content></level><level class="para1"><num>(e)</num><content><p>the value of the funds in the account or accounts, or of the property so held, is not, as a direct or indirect result of the act, less than the value of the relevant criminal property at the time of the act.</p></content></level></subsection><subsection><num>(9)</num><intro><p>Where subsection <ref href="#d28e26837">(8)</ref> applies—</p></intro><level class="para1"><num>(a)</num><content><p>if P does the act in operating an account or accounts, the funds in the account or accounts immediately after the act are assumed to include the relevant criminal property, and</p></content></level><level class="para1"><num>(b)</num><content><p>if P does the act in connection with holding any property for the customer or client, such of that property as is held by P immediately after the act is assumed to include the relevant criminal property.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-183-4"><num>(4)</num><content><p><mod>In section 329 (acquisition, use and possession), after subsection (2E) (inserted by section 182), insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26904"><num>(2F)</num><intro><p>A person (“<term refersTo="#term-p">P</term>”) who does an act mentioned in subsection (1) does not commit an offence under that subsection if—</p></intro><level class="para1"><num>(a)</num><content><p>P is carrying on business in the regulated sector,</p></content></level><level class="para1"><num>(b)</num><content><p>P does the act in the course of that business, on behalf of a customer or client, in operating an account or accounts maintained with P or in connection with holding any property for the customer or client,</p></content></level><level class="para1"><num>(c)</num><content><p>at the time of the act, P knows or suspects that part but not all of the funds in the account or accounts, or of the property so held, is criminal property (“the relevant criminal property”),</p></content></level><level class="para1"><num>(d)</num><content><p>it is not possible, at the time the act takes place, to identify the part of the funds or property that is the relevant criminal property, and</p></content></level><level class="para1"><num>(e)</num><content><p>the value of the funds in the account or accounts, or of the property so held, is not, as a direct or indirect result of the act, less than the value of the relevant criminal property at the time of the act.</p></content></level></subsection><subsection><num>(2G)</num><intro><p>Where subsection <ref href="#d28e26904">(2F)</ref> applies—</p></intro><level class="para1"><num>(a)</num><content><p>if P does the act in operating an account or accounts, the funds in the account or accounts immediately after the act are assumed to include the relevant criminal property, and</p></content></level><level class="para1"><num>(b)</num><content><p>if P does the act in connection with holding any property for the customer or client, such of that property as is held by P immediately after the act is assumed to include the relevant criminal property.</p></content></level></subsection></quotedStructure></mod></p></content></subsection></section><section eId="section-184"><num>184</num><heading>Money laundering: offences of failing to disclose</heading><subsection eId="section-184-1"><num>(1)</num><content><p>The Proceeds of Crime Act 2002 is amended as follows.</p></content></subsection><subsection eId="section-184-2"><num>(2)</num><intro><p>In section 330 (failure to disclose: regulated sector)—</p></intro><level class="para1" eId="section-184-2-a"><num>(a)</num><content><p>subsection (7A) is moved to after subsection (7B) and is renumbered subsection (7C);</p></content></level><level class="para1" eId="section-184-2-b"><num>(b)</num><content><p><mod>after that subsection as moved and renumbered, insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7D)</num><intro><p>Nor does a person commit an offence under this section if—</p></intro><level class="para1"><num>(a)</num><content><p>the information or other matter mentioned in subsection (3) consists of or includes information that was obtained only in consequence of the carrying out of a status check under section 40 of the Immigration Act 2014 or an immigration check under section 40A of that Act or both, and</p></content></level><level class="para1"><num>(b)</num><content><p>but for the information so obtained the person would not have reasonable grounds for knowing or suspecting that another person is engaged in money laundering.</p></content></level></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-184-3"><num>(3)</num><content><p><mod>In section 331 (failure to disclose: nominated officers in the regulated sector), after subsection (6A) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6B)</num><intro><p>Nor does a person commit an offence under this section if—</p></intro><level class="para1"><num>(a)</num><content><p>the information or other matter disclosed to the person under section 330 consists of or includes information that was obtained only in consequence of the carrying out of a status check under section 40 of the Immigration Act 2014 or an immigration check under section 40A of that Act or both, and</p></content></level><level class="para1"><num>(b)</num><content><p>but for the information so obtained the person would not have reasonable grounds for knowing or suspecting that another person is engaged in money laundering.</p></content></level></subsection></quotedStructure></mod></p></content></subsection></section><section eId="section-185"><num>185</num><heading>Money laundering: information orders</heading><subsection eId="section-185-1"><num>(1)</num><content><p>Section 339ZH of the Proceeds of Crime Act 2002 (further information orders) is amended in accordance with subsections <ref href="#section-185-2">(2)</ref> to <ref href="#section-185-11">(11)</ref>.</p></content></subsection><subsection eId="section-185-2"><num>(2)</num><content><p><mod>In the heading for “Further information” substitute <quotedText>“Information”</quotedText>.</mod></p></content></subsection><subsection eId="section-185-3"><num>(3)</num><intro><p>In subsection (1)—</p></intro><level class="para1" eId="section-185-3-a"><num>(a)</num><content><p><mod>for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para1" eId="section-185-3-b"><num>(b)</num><content><p><mod>for “either condition 1 or condition 2” substitute <quotedText>“one of conditions 1 to 4”</quotedText>.</mod></p></content></level></subsection><subsection eId="section-185-4"><num>(4)</num><content><p><mod>In subsection (3) for “A further” substitute <quotedText>“An”</quotedText>.</mod></p></content></subsection><subsection eId="section-185-5"><num>(5)</num><content><p><mod>In subsection (4) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection><subsection eId="section-185-6"><num>(6)</num><content><p><mod>In subsection (5) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection><subsection eId="section-185-7"><num>(7)</num><content><p><mod>After subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e27142"><num>(6A)</num><intro><p>Condition 3 for the making of an information order is met if—</p></intro><level class="para1"><num>(a)</num><intro><p>the information would assist an authorised NCA officer to conduct—</p></intro><level class="para2"><num>(i)</num><content><p>operational analysis of information that is relevant to money laundering or suspected money laundering, or</p></content></level><level class="para2"><num>(ii)</num><content><p>strategic analysis identifying trends or patterns in the conduct of money laundering, or systemic deficiencies or vulnerabilities which have been, are being or are likely to be, exploited for the purposes of money laundering,</p></content></level><wrapUp><p>for the purposes of the criminal intelligence function of the National Crime Agency, so far as it relates to money laundering,</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>the respondent is a person carrying on a business in the regulated sector,</p></content></level><level class="para1"><num>(c)</num><content><p>where the application for the order is made to a magistrates’ court, the person making the application has had regard to the code of practice under section 339ZL,</p></content></level><level class="para1"><num>(d)</num><intro><p>where the application for the order is made to the sheriff—</p></intro><level class="para2"><num>(i)</num><content><p>the application is made by a procurator fiscal at the request of the Director General of the National Crime Agency or an authorised NCA officer, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the person making that request has had regard to the code of practice under section 339ZL, and</p></content></level></level><level class="para1"><num>(e)</num><content><p>it is reasonable in all the circumstances for the information to be provided.</p></content></level></subsection><subsection eId="d28e27204"><num>(6B)</num><intro><p>Condition 4 for the making of an information order is met if—</p></intro><level class="para1"><num>(a)</num><content><p>a request has been made by a foreign FIU to the National Crime Agency for the provision of the information required to be given under the order,</p></content></level><level class="para1"><num>(b)</num><intro><p>an authorised NCA officer has reasonable grounds to believe that the request was made only for the purpose of assisting the foreign FIU to conduct one or both of the following—</p></intro><level class="para2"><num>(i)</num><content><p>operational analysis of information that is relevant to money laundering or suspected money laundering, or</p></content></level><level class="para2"><num>(ii)</num><content><p>strategic analysis identifying trends or patterns in the conduct of money laundering, or systematic deficiencies or vulnerabilities which have been, are being or are likely to be, exploited for the purposes of money laundering,</p></content></level><wrapUp><p>and that the information is likely to be of substantial value to the foreign FIU in carrying out such analysis,</p></wrapUp></level><level class="para1"><num>(c)</num><content><p>the provision of the information by the National Crime Agency to the foreign FIU would be for the purposes of the criminal intelligence function of the National Crime Agency, so far as it relates to money laundering,</p></content></level><level class="para1"><num>(d)</num><content><p>the respondent is a person carrying on a business in the regulated sector,</p></content></level><level class="para1"><num>(e)</num><content><p>where the application for the order is made to a magistrates’ court, the person making the application has had regard to the code of practice under section 339ZL,</p></content></level><level class="para1"><num>(f)</num><intro><p>where the application for the order is made to the sheriff—</p></intro><level class="para2"><num>(i)</num><content><p>the application is made by a procurator fiscal at the request of the Director General of the National Crime Agency or an authorised NCA officer, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the person making that request has had regard to the code of practice under section 339ZL, and</p></content></level></level><level class="para1"><num>(g)</num><content><p>it is reasonable in all the circumstances for the information to be provided.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-185-8"><num>(8)</num><content><p><mod>In subsection (7) for “A further” substitute <quotedText>“An”</quotedText>.</mod></p></content></subsection><subsection eId="section-185-9"><num>(9)</num><content><p><mod>In subsection (8) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection><subsection eId="section-185-10"><num>(10)</num><content><p><mod>In subsection (12), at the appropriate places, insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-authorised-nca-officer">authorised NCA officer</term>” means a National Crime Agency officer authorised by the Director General (whether generally or specifically) for the purposes of this section;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-the-criminal-intelligence-function">the criminal intelligence function</term>” has the meaning given by section 1(5) of the Crime and Courts Act 2013;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-foreign-fiu">foreign FIU</term>” means a body in a foreign country carrying out the functions of a financial intelligence unit within the meaning of Recommendation 29 of the Financial Action Task Force (as that Recommendation has effect from time to time);</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-185-11"><num>(11)</num><content><p><mod>In that subsection, in the definition of “relevant person”, in paragraph (a), for “other National Crime Agency officer” to the end substitute <quotedText>“authorised NCA officer,”</quotedText>.</mod></p></content></subsection><subsection eId="section-185-12"><num>(12)</num><content><p><mod>After section 339ZK of the Proceeds of Crime Act 2002 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>339ZL</num><heading>Code of practice about certain information orders</heading><subsection><num>(1)</num><intro><p>The Secretary of State must make a code of practice in connection with the exercise of the following functions by the Director General of the National Crime Agency or an authorised NCA officer—</p></intro><level class="para1"><num>(a)</num><content><p>the making of an application to the magistrates’ court for an information order in reliance on Condition 3 or 4 in section 339ZH being met;</p></content></level><level class="para1"><num>(b)</num><content><p>the making of a request to a procurator fiscal for the procurator fiscal to apply for an information order in reliance on Condition 3 or 4 in section 339ZH being met.</p></content></level></subsection><subsection><num>(2)</num><intro><p>Where the Secretary of State proposes to issue a code of practice the Secretary of State must—</p></intro><level class="para1"><num>(a)</num><content><p>publish a draft,</p></content></level><level class="para1"><num>(b)</num><content><p>consider any representations made about the draft, and</p></content></level><level class="para1"><num>(c)</num><content><p>if the Secretary of State thinks appropriate, modify the draft in the light of any such representations.</p></content></level></subsection><subsection><num>(3)</num><content><p>A requirement in paragraph (a), (b) or (c) of subsection (2) may be satisfied by the carrying out of the action required by the paragraph in question before this section comes into force.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State must lay a draft of the code before Parliament.</p></content></subsection><subsection eId="d28e27422"><num>(5)</num><content><p>When the Secretary of State has laid a draft of the code before Parliament the Secretary of State may bring it into operation by regulations.</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State may revise the whole or any part of the code and issue the code as revised; and subsections (2) to <ref href="#d28e27422">(5)</ref> apply to a revised code as they apply to the original code.</p></content></subsection><subsection><num>(7)</num><content><p>A failure by a person to comply with a provision of the code does not of itself make the person liable to criminal or civil proceedings.</p></content></subsection><subsection><num>(8)</num><content><p>The code is admissible in evidence in criminal or civil proceedings and is to be taken into account by a court or tribunal in any case in which it appears to the court or tribunal to be relevant.</p></content></subsection><subsection><num>(9)</num><content><p>A code of practice made under this section may be combined with a code of practice under section 22F of the Terrorism Act 2000 (code of practice relating to information orders under section 22B(1A) of that Act).</p></content></subsection><subsection><num>(10)</num><content><p>In this section “<term refersTo="#term-authorised-nca-officer">authorised NCA officer</term>” has the meaning given in section 339ZH(12).</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-185-13"><num>(13)</num><intro><p>In section 459 of that Act (orders and regulations)—</p></intro><level class="para1" eId="section-185-13-a"><num>(a)</num><content><p><mod>in subsection (4), after paragraph (azaa) (inserted by section 182(7)(a) of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(azab)</num><content><p>regulations under section 339ZL<ref href="#d28e27422">(5)</ref>;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-185-13-b"><num>(b)</num><content><p><mod>after subsection (6ZBA) (inserted by section 182(7)(b) of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6ZBB)</num><content><p>No regulations may be made by the Secretary of State under section 339ZL<ref href="#d28e27422">(5)</ref> unless a draft of the regulations has been laid before Parliament and approved by a resolution of each House.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-185-14"><num>(14)</num><intro><p>In consequence of further information orders being renamed information orders by this section, the following amendments are also made to that Act—</p></intro><level class="para1" eId="section-185-14-a"><num>(a)</num><content><p><mod>in the italic heading before section 339ZH for “Further information” substitute <quotedText>“Information”</quotedText>;</mod></p></content></level><level class="para1" eId="section-185-14-b"><num>(b)</num><content><p><mod>in section 339ZI (statements), in subsection (1) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para1" eId="section-185-14-c"><num>(c)</num><content><p><mod>in section 339ZJ (appeals), in subsections (1) and (4)(a) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para1" eId="section-185-14-d"><num>(d)</num><intro><p>in section 339ZK (supplementary)—</p></intro><level class="para2" eId="section-185-14-d-i"><num>(i)</num><content><p><mod>in subsection (1) for “A further” substitute <quotedText>“An”</quotedText>;</mod></p></content></level><level class="para2" eId="section-185-14-d-ii"><num>(ii)</num><content><p><mod>in subsection (3) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para2" eId="section-185-14-d-iii"><num>(iii)</num><content><p><mod>in subsection (4) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para2" eId="section-185-14-d-iv"><num>(iv)</num><content><p>in subsection (5) omit “further”;</p></content></level></level><level class="para1" eId="section-185-14-e"><num>(e)</num><content><p><mod>in section 340 (interpretation), in subsection (15) for “Further information” substitute <quotedText>“Information”</quotedText>.</mod></p></content></level></subsection></section><section eId="section-186"><num>186</num><heading>Terrorist financing: information orders</heading><subsection eId="section-186-1"><num>(1)</num><content><p>Section 22B of the Terrorism Act 2000 (further information orders) is amended in accordance with subsections <ref href="#section-186-2">(2)</ref> to <ref href="#section-186-12">(12)</ref>.</p></content></subsection><subsection eId="section-186-2"><num>(2)</num><content><p><mod>In the heading for “Further information” substitute <quotedText>“Information”</quotedText>.</mod></p></content></subsection><subsection eId="section-186-3"><num>(3)</num><content><p><mod>In subsection (1) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection><subsection eId="section-186-4"><num>(4)</num><content><p><mod>After subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><intro><p>A magistrates’ court or (in Scotland) the sheriff may, on an application made—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a magistrates’ court, by the Director General of the National Crime Agency or an authorised NCA officer, and</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of the sheriff, by a procurator fiscal,</p></content></level><wrapUp><p>make an information order if satisfied that either condition 3 or condition 4 is met.</p></wrapUp></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-186-5"><num>(5)</num><content><p><mod>In subsection (3) for “A further” substitute <quotedText>“An”</quotedText>.</mod></p></content></subsection><subsection eId="section-186-6"><num>(6)</num><content><p><mod>In subsection (4) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection><subsection eId="section-186-7"><num>(7)</num><content><p><mod>In subsection (5) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection><subsection eId="section-186-8"><num>(8)</num><content><p><mod>After subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e27704"><num>(6A)</num><intro><p>Condition 3 for the making of an information order is met if—</p></intro><level class="para1"><num>(a)</num><intro><p>the information would assist an authorised NCA officer to conduct—</p></intro><level class="para2"><num>(i)</num><content><p>operational analysis of information that is relevant to terrorist financing or suspected terrorist financing, or</p></content></level><level class="para2"><num>(ii)</num><content><p>strategic analysis identifying trends or patterns in the conduct of terrorist financing, or systemic deficiencies or vulnerabilities which have been, are being or are likely to be, exploited for the purposes of terrorist financing,</p></content></level><wrapUp><p>for the purposes of the criminal intelligence function of the National Crime Agency so far as it relates to terrorist financing,</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>the respondent is a person carrying on a business in the regulated sector,</p></content></level><level class="para1"><num>(c)</num><content><p>where the application for the order is made to a magistrates’ court, the person making the application has had regard to the code of practice under section 22F,</p></content></level><level class="para1"><num>(d)</num><intro><p>where the application for the order is made to the sheriff—</p></intro><level class="para2"><num>(i)</num><content><p>the application is made by a procurator fiscal at the request of the Director General of the National Crime Agency or an authorised NCA officer, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the person making that request has had regard to the code of practice under section 22F, and</p></content></level></level><level class="para1"><num>(e)</num><content><p>it is reasonable in all the circumstances for the information to be provided.</p></content></level></subsection><subsection eId="d28e27766"><num>(6B)</num><intro><p>Condition 4 for the making of an information order is met if—</p></intro><level class="para1"><num>(a)</num><content><p>a request has been made by a foreign FIU to the National Crime Agency for the provision of the information required to be given under the order,</p></content></level><level class="para1"><num>(b)</num><intro><p>an authorised NCA officer has reasonable grounds to believe that the request was made only for the purpose of assisting the foreign FIU to conduct one or both of the following—</p></intro><level class="para2"><num>(i)</num><content><p>operational analysis of information that is relevant to terrorist financing or suspected terrorist financing, or</p></content></level><level class="para2"><num>(ii)</num><content><p>strategic analysis identifying trends or patterns in the conduct of terrorist financing, or systematic deficiencies or vulnerabilities which have been, are being or are likely to be, exploited for the purposes of terrorist financing,</p></content></level><wrapUp><p>and that the information is likely to be of substantial value to the foreign FIU in carrying out such analysis,</p></wrapUp></level><level class="para1"><num>(c)</num><content><p>the provision of the information by the National Crime Agency to the foreign FIU would be for the purposes of the criminal intelligence function of the National Crime Agency, so far as it relates to terrorist financing,</p></content></level><level class="para1"><num>(d)</num><content><p>the respondent is a person carrying on a business in the regulated sector,</p></content></level><level class="para1"><num>(e)</num><content><p>where the application for the order is made to a magistrates’ court, the person making the application has had regard to the code of practice under section 22F,</p></content></level><level class="para1"><num>(f)</num><intro><p>where the application for the order is made to the sheriff—</p></intro><level class="para2"><num>(i)</num><content><p>the application is made by a procurator fiscal at the request of the Director General of the National Crime Agency or an authorised NCA officer, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the person making that request has had regard to the code of practice under section 22F, and</p></content></level></level><level class="para1"><num>(g)</num><content><p>it is reasonable in all the circumstances for the information to be provided.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-186-9"><num>(9)</num><content><p><mod>In subsection (7) for “A further” substitute <quotedText>“An”</quotedText>.</mod></p></content></subsection><subsection eId="section-186-10"><num>(10)</num><content><p><mod>In subsection (8) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection><subsection eId="section-186-11"><num>(11)</num><content><p><mod>In subsection (12), after “this section” insert <quotedText>“in reliance on Condition 1 or 2”</quotedText>.</mod></p></content></subsection><subsection eId="section-186-12"><num>(12)</num><content><p><mod>In subsection (14), at the appropriate places, insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-authorised-nca-officer">authorised NCA officer</term>” means an officer of the National Crime Agency authorised by the Director General (whether generally or specifically) for the purposes of this section;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-the-criminal-intelligence-function">the criminal intelligence function</term>” has the meaning given by section 1(5) of the Crime and Courts Act 2013;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-foreign-fiu">foreign FIU</term>” means a body in a foreign country carrying out the functions of a financial intelligence unit within the meaning of Recommendation 29 of the Financial Action Task Force (as that Recommendation has effect from time to time);</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“<term refersTo="#term-terrorist-financing">terrorist financing</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>for the purposes of subsection <ref href="#d28e27704">(6A)</ref>, an act which constitutes an offence under any of sections 15 to 18;</p></content></level><level class="para1"><num>(b)</num><content><p>for the purposes of subsection <ref href="#d28e27766">(6B)</ref>, an act which constitutes a corresponding terrorist financing offence.</p></content></level></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-186-13"><num>(13)</num><content><p><mod>After section 22E of the Terrorism Act 2000 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>22F</num><heading>Code of practice about certain information orders</heading><subsection><num>(1)</num><intro><p>The Secretary of State must make a code of practice in connection with the exercise of the following functions by the Director General of the National Crime Agency or an authorised NCA officer—</p></intro><level class="para1"><num>(a)</num><content><p>the making of an application to the magistrates’ court for an information order under section 22B(1A) (information orders made in reliance on Condition 3 or 4 in section 22B being met);</p></content></level><level class="para1"><num>(b)</num><content><p>the making of a request to a procurator fiscal for the procurator fiscal to apply for an information order under section 22B(1A).</p></content></level></subsection><subsection><num>(2)</num><intro><p>Where the Secretary of State proposes to issue a code of practice the Secretary of State must—</p></intro><level class="para1"><num>(a)</num><content><p>publish a draft,</p></content></level><level class="para1"><num>(b)</num><content><p>consider any representations made about the draft, and</p></content></level><level class="para1"><num>(c)</num><content><p>if the Secretary of State thinks appropriate, modify the draft in the light of any such representations.</p></content></level></subsection><subsection><num>(3)</num><content><p>A requirement in paragraph (a), (b) or (c) of subsection (2) may be satisfied by the carrying out of the action required by the paragraph in question before this section comes into force.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State must lay a draft of the code before Parliament.</p></content></subsection><subsection><num>(5)</num><content><p>When the Secretary of State has laid a draft of the code before Parliament the Secretary of State may bring it into operation by regulations.</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State may revise the whole or any part of the code and issue the code as revised; and subsections <ref href="#section-186-2">(2)</ref> to <ref href="#section-186-5">(5)</ref> apply to a revised code as they apply to the original code.</p></content></subsection><subsection><num>(7)</num><content><p>A failure by a person to comply with a provision of the code does not of itself make the person liable to criminal or civil proceedings.</p></content></subsection><subsection><num>(8)</num><content><p>The code is admissible in evidence in criminal or civil proceedings and is to be taken into account by a court or tribunal in any case in which it appears to the court or tribunal to be relevant.</p></content></subsection><subsection><num>(9)</num><content><p>A code of practice made under this section may be combined with a code of practice under section 339ZL of the Proceeds of Crime Act 2002 (code of practice relating to certain information orders under section 339ZH of that Act).</p></content></subsection><subsection><num>(10)</num><content><p>In this section “<term refersTo="#term-authorised-nca-officer">authorised NCA officer</term>” has the meaning given in section 22B(14).</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-186-14"><num>(14)</num><content><p><mod>In section 123(4) of that Act (orders and regulations subject to affirmative procedure), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aza)</num><content><p>section 22F(5);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-186-15"><num>(15)</num><intro><p>In consequence of further information orders being renamed information orders by this section, the following amendments are also made to that Act—</p></intro><level class="para1" eId="section-186-15-a"><num>(a)</num><content><p><mod>in the italic heading before section 22B for “Further information” substitute <quotedText>“Information”</quotedText>;</mod></p></content></level><level class="para1" eId="section-186-15-b"><num>(b)</num><content><p><mod>in section 22C (statements), in subsection (1) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para1" eId="section-186-15-c"><num>(c)</num><content><p><mod>in section 22D (appeals), in subsections (1) and (4)(a) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para1" eId="section-186-15-d"><num>(d)</num><intro><p>in section 22E (supplementary)—</p></intro><level class="para2" eId="section-186-15-d-i"><num>(i)</num><content><p><mod>in subsection (1) for “A further” substitute <quotedText>“An”</quotedText>;</mod></p></content></level><level class="para2" eId="section-186-15-d-ii"><num>(ii)</num><content><p><mod>in subsection (3) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para2" eId="section-186-15-d-iii"><num>(iii)</num><content><p><mod>in subsection (4) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para2" eId="section-186-15-d-iv"><num>(iv)</num><content><p>in subsection (5) omit “further”;</p></content></level></level><level class="para1" eId="section-186-15-e"><num>(e)</num><content><p>in section 120C (enforcement of orders in other parts of UK), in subsection (2)(a) omit “further”.</p></content></level></subsection></section><section eId="section-187"><num>187</num><heading>Enhanced due diligence: designation of high-risk countries</heading><subsection eId="section-187-1"><num>(1)</num><content><p>The Sanctions and Anti-Money Laundering Act 2018 is amended as follows.</p></content></subsection><subsection eId="section-187-2"><num>(2)</num><intro><p>In Schedule 2 (money laundering and terrorist financing etc)—</p></intro><level class="para1" eId="section-187-2-a"><num>(a)</num><intro><p>in paragraph 4—</p></intro><level class="para2" eId="section-187-2-a-i"><num>(i)</num><content><p>the existing text becomes sub-paragraph (1);</p></content></level><level class="para2" eId="section-187-2-a-ii"><num>(ii)</num><content><p><mod>after sub-paragraph (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2)</num><content><p>Provide for the imposition of requirements relating to enhanced customer due diligence measures by reference to prescribed high-risk countries.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>Provision made by virtue of sub-paragraph (2) may in particular refer to a list of countries published by the Financial Action Task Force as it has effect from time to time.</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="section-187-2-b"><num>(b)</num><content><p><mod>in paragraph 23, after sub-paragraph (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2A)</num><content><p>In paragraph 4 (measures in relation to customers of relevant persons), the reference in sub-paragraph (2) to requirements includes requirements imposed by or under the Money Laundering Regulations 2017.</p></content></subparagraph></quotedStructure></mod></p></content></level></subsection><subsection eId="section-187-3"><num>(3)</num><intro><p>In section 55 (parliamentary procedure for regulations)—</p></intro><level class="para1" eId="section-187-3-a"><num>(a)</num><content><p><mod>in subsection (2), for the first “which” substitute <quotedText>“made during the period of 6 months beginning with the day on which the Economic Crime and Corporate Transparency Act 2023 is passed if the instrument”</quotedText>;</mod></p></content></level><level class="para1" eId="section-187-3-b"><num>(b)</num><content><p><mod>in subsection (9), for the words from “if” to the end substitute <quotedText>“if they only make provision prescribing high-risk countries by virtue of paragraph 4(2) of Schedule 2”</quotedText>.</mod></p></content></level></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-182"><num>182</num><heading>Money laundering: exiting and paying away exemptions</heading><subsection eId="section-182-1"><num>(1)</num><content><p>The Proceeds of Crime Act 2002 is amended as follows.</p></content></subsection><subsection eId="section-182-2"><num>(2)</num><content><p><mod>In section 327 (concealing etc), after subsection (2C) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26351"><num>(2D)</num><intro><p>A person (“<term refersTo="#term-p">P</term>”) who does an act mentioned in paragraph (c) or (d) of subsection (1) does not commit an offence under that subsection if—</p></intro><level class="para1"><num>(a)</num><content><p>P is carrying on business in the regulated sector that is not excluded business,</p></content></level><level class="para1"><num>(b)</num><intro><p>P does the act, in the course of that business—</p></intro><level class="para2"><num>(i)</num><content><p>in transferring or handing over to a customer or client money or other property of, or owing to, the customer or client, and</p></content></level><level class="para2"><num>(ii)</num><content><p>for the purposes of the termination of P’s business relationship with the customer or client,</p></content></level></level><level class="para1"><num>(c)</num><content><p>the total value of the criminal property so transferred or handed over to the customer or client by P for those purposes is less than the threshold amount determined under section 339A for the act, and</p></content></level><level class="para1"><num>(d)</num><content><p>before the act is done, P has complied with the customer due diligence duties.</p></content></level></subsection><subsection><num>(2E)</num><intro><p>For the purposes of subsection <ref href="#d28e26351">(2D)</ref>—</p></intro><level class="para1" eId="d28e26405"><num>(a)</num><content><p>business is “excluded” if it is of a description specified in regulations made by the Secretary of State for the purposes of this paragraph;</p></content></level><level class="para1"><num>(b)</num><content><p>a reference to property being transferred or handed over to the customer or client includes a reference to property being transferred or handed over to another person at the direction of the customer or client;</p></content></level><level class="para1"><num>(c)</num><content><p>“<term refersTo="#term-customer-due-diligence-duties">customer due diligence duties</term>” means all duties imposed on P in relation to the customer or client by regulation 28(2), (3), (3A), (4), (8) or (10) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (<ref eId="c00022" href="http://www.legislation.gov.uk/id/uksi/2017/692">S.I. 2017/692</ref>) (customer due diligence measures).</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-182-3"><num>(3)</num><content><p><mod>In section 328 (arrangements), after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26436"><num>(6)</num><intro><p>A person (“<term refersTo="#term-p">P</term>”) who does an act mentioned in subsection (1) does not commit an offence under that subsection if—</p></intro><level class="para1"><num>(a)</num><content><p>P is carrying on business in the regulated sector that is not excluded business,</p></content></level><level class="para1"><num>(b)</num><intro><p>P does the act, in the course of that business—</p></intro><level class="para2"><num>(i)</num><content><p>in transferring or handing over to a customer or client money or other property of, or owing to, the customer or client, and</p></content></level><level class="para2"><num>(ii)</num><content><p>for the purposes of the termination of P’s business relationship with the customer or client,</p></content></level></level><level class="para1"><num>(c)</num><content><p>the total value of the criminal property so transferred or handed over to the customer or client by P for those purposes is less than the threshold amount determined under section 339A for the act, and</p></content></level><level class="para1"><num>(d)</num><content><p>before the act is done, P has complied with the customer due diligence duties.</p></content></level></subsection><subsection><num>(7)</num><intro><p>For the purposes of subsection <ref href="#d28e26436">(6)</ref>—</p></intro><level class="para1" eId="d28e26490"><num>(a)</num><content><p>business is “excluded” if it is of a description specified in regulations made by the Secretary of State for the purposes of this subsection;</p></content></level><level class="para1"><num>(b)</num><content><p>a reference to property being transferred or handed over to the customer or client includes a reference to property being transferred or handed over to another person at the direction of the customer or client;</p></content></level><level class="para1"><num>(c)</num><content><p>“<term refersTo="#term-customer-due-diligence-duties">customer due diligence duties</term>” means all duties imposed on P in relation to the customer or client by regulation 28(2), (3), (3A), (4), (8) or (10) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (<ref eId="c00023" href="http://www.legislation.gov.uk/id/uksi/2017/692">S.I. 2017/692</ref>) (customer due diligence measures).</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-182-4"><num>(4)</num><content><p><mod>In section 329 (acquisition, use and possession), after subsection (2C) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26521"><num>(2D)</num><intro><p>A person (“<term refersTo="#term-p">P</term>”) who does an act mentioned in subsection (1) does not commit an offence under that subsection if—</p></intro><level class="para1"><num>(a)</num><content><p>P is carrying on business in the regulated sector that is not excluded business,</p></content></level><level class="para1"><num>(b)</num><intro><p>P does the act, in the course of that business—</p></intro><level class="para2"><num>(i)</num><content><p>in transferring or handing over to the customer or client property of, or owing to, a customer or client, and</p></content></level><level class="para2"><num>(ii)</num><content><p>for the purposes of the termination of P’s business relationship with the customer or client,</p></content></level></level><level class="para1"><num>(c)</num><content><p>the total value of the criminal property so transferred or handed over to the customer or client by P for those purposes is less than the threshold amount determined under section 339A for the act, and</p></content></level><level class="para1"><num>(d)</num><content><p>before the act is done, P has complied with the customer due diligence duties.</p></content></level></subsection><subsection><num>(2E)</num><intro><p>For the purposes of subsection <ref href="#d28e26521">(2D)</ref>—</p></intro><level class="para1" eId="d28e26575"><num>(a)</num><content><p>business is “excluded” if it is of a description specified in regulations made by the Secretary of State for the purposes of this subsection;</p></content></level><level class="para1"><num>(b)</num><content><p>a reference to property being transferred or handed over to the customer or client includes a reference to property being transferred or handed over to another person at the direction of the customer or client;</p></content></level><level class="para1"><num>(c)</num><content><p>“<term refersTo="#term-customer-due-diligence-duties">customer due diligence duties</term>” means all duties imposed on P in relation to the customer or client by regulation 28(2), (3), (3A), (4), (8) or (10) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (<ref eId="c00024" href="http://www.legislation.gov.uk/id/uksi/2017/692">S.I. 2017/692</ref>) (customer due diligence measures).</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-182-5"><num>(5)</num><intro><p>In section 339A (threshold amounts)—</p></intro><level class="para1" eId="section-182-5-a"><num>(a)</num><content><p><mod>for subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>In this section—</p></intro><level class="para1"><num>(a)</num><content><p>subsections (2) to (6) apply for the purposes of sections 327(2C), 328(5) and 329(2C), and</p></content></level><level class="para1"><num>(b)</num><content><p>subsection (6A) applies for the purposes of sections 327<ref href="#d28e26351">(2D)</ref>, 328<ref href="#d28e26436">(6)</ref> and 329<ref href="#d28e26521">(2D)</ref>.</p></content></level></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-182-5-b"><num>(b)</num><content><p><mod>after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26648"><num>(6A)</num><content><p>The threshold amount for acts done by a person carrying on business in the regulated sector, for the purposes of the termination of a business relationship with a customer or client, is £1000.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-182-5-c"><num>(c)</num><content><p><mod>in subsection (7), after “subsection (2)” insert <quotedText>“or <ref href="#d28e26648">(6A)</ref>”</quotedText>.</mod></p></content></level></subsection><subsection eId="section-182-6"><num>(6)</num><content><p><mod>In section 340 (interpretation of Part 7), after subsection (16) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(17)</num><intro><p>“<term refersTo="#term-business-relationship">Business relationship</term>” means a business, professional or commercial relationship between a person carrying on business in the regulated sector and a customer or client, where the relationship—</p></intro><level class="para1"><num>(a)</num><content><p>arises out of the business of that person, and</p></content></level><level class="para1"><num>(b)</num><content><p>is expected by that person, at the time when contact is established, to have an element of duration.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-182-7"><num>(7)</num><intro><p>In section 459 (orders and regulations)—</p></intro><level class="para1" eId="section-182-7-a"><num>(a)</num><content><p><mod>in subsection (4), after paragraph (aza) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(azaa)</num><content><p>regulations under section 327<ref href="#d28e26405">(2E)(a)</ref>, 328<ref href="#d28e26490">(7)(a)</ref> or 329<ref href="#d28e26575">(2E)(a)</ref>;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-182-7-b"><num>(b)</num><content><p><mod>after subsection (6ZB) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6ZBA)</num><content><p>No regulations may be made by the Secretary of State under section 327<ref href="#d28e26405">(2E)(a)</ref>, 328<ref href="#d28e26490">(7)(a)</ref> or 329<ref href="#d28e26575">(2E)(a)</ref> unless a draft of the regulations has been laid before Parliament and approved by a resolution of each House.</p></content></subsection></quotedStructure></mod></p></content></level></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-182-1"><num>(1)</num><content><p>The Proceeds of Crime Act 2002 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-182-2"><num>(2)</num><content><p><mod>In section 327 (concealing etc), after subsection (2C) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26351"><num>(2D)</num><intro><p>A person (“<term refersTo="#term-p">P</term>”) who does an act mentioned in paragraph (c) or (d) of subsection (1) does not commit an offence under that subsection if—</p></intro><level class="para1"><num>(a)</num><content><p>P is carrying on business in the regulated sector that is not excluded business,</p></content></level><level class="para1"><num>(b)</num><intro><p>P does the act, in the course of that business—</p></intro><level class="para2"><num>(i)</num><content><p>in transferring or handing over to a customer or client money or other property of, or owing to, the customer or client, and</p></content></level><level class="para2"><num>(ii)</num><content><p>for the purposes of the termination of P’s business relationship with the customer or client,</p></content></level></level><level class="para1"><num>(c)</num><content><p>the total value of the criminal property so transferred or handed over to the customer or client by P for those purposes is less than the threshold amount determined under section 339A for the act, and</p></content></level><level class="para1"><num>(d)</num><content><p>before the act is done, P has complied with the customer due diligence duties.</p></content></level></subsection><subsection><num>(2E)</num><intro><p>For the purposes of subsection <ref href="#d28e26351">(2D)</ref>—</p></intro><level class="para1" eId="d28e26405"><num>(a)</num><content><p>business is “excluded” if it is of a description specified in regulations made by the Secretary of State for the purposes of this paragraph;</p></content></level><level class="para1"><num>(b)</num><content><p>a reference to property being transferred or handed over to the customer or client includes a reference to property being transferred or handed over to another person at the direction of the customer or client;</p></content></level><level class="para1"><num>(c)</num><content><p>“<term refersTo="#term-customer-due-diligence-duties">customer due diligence duties</term>” means all duties imposed on P in relation to the customer or client by regulation 28(2), (3), (3A), (4), (8) or (10) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (<ref eId="c00022" href="http://www.legislation.gov.uk/id/uksi/2017/692">S.I. 2017/692</ref>) (customer due diligence measures).</p></content></level></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-182-3"><num>(3)</num><content><p><mod>In section 328 (arrangements), after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26436"><num>(6)</num><intro><p>A person (“<term refersTo="#term-p">P</term>”) who does an act mentioned in subsection (1) does not commit an offence under that subsection if—</p></intro><level class="para1"><num>(a)</num><content><p>P is carrying on business in the regulated sector that is not excluded business,</p></content></level><level class="para1"><num>(b)</num><intro><p>P does the act, in the course of that business—</p></intro><level class="para2"><num>(i)</num><content><p>in transferring or handing over to a customer or client money or other property of, or owing to, the customer or client, and</p></content></level><level class="para2"><num>(ii)</num><content><p>for the purposes of the termination of P’s business relationship with the customer or client,</p></content></level></level><level class="para1"><num>(c)</num><content><p>the total value of the criminal property so transferred or handed over to the customer or client by P for those purposes is less than the threshold amount determined under section 339A for the act, and</p></content></level><level class="para1"><num>(d)</num><content><p>before the act is done, P has complied with the customer due diligence duties.</p></content></level></subsection><subsection><num>(7)</num><intro><p>For the purposes of subsection <ref href="#d28e26436">(6)</ref>—</p></intro><level class="para1" eId="d28e26490"><num>(a)</num><content><p>business is “excluded” if it is of a description specified in regulations made by the Secretary of State for the purposes of this subsection;</p></content></level><level class="para1"><num>(b)</num><content><p>a reference to property being transferred or handed over to the customer or client includes a reference to property being transferred or handed over to another person at the direction of the customer or client;</p></content></level><level class="para1"><num>(c)</num><content><p>“<term refersTo="#term-customer-due-diligence-duties">customer due diligence duties</term>” means all duties imposed on P in relation to the customer or client by regulation 28(2), (3), (3A), (4), (8) or (10) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (<ref eId="c00023" href="http://www.legislation.gov.uk/id/uksi/2017/692">S.I. 2017/692</ref>) (customer due diligence measures).</p></content></level></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-182-4"><num>(4)</num><content><p><mod>In section 329 (acquisition, use and possession), after subsection (2C) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26521"><num>(2D)</num><intro><p>A person (“<term refersTo="#term-p">P</term>”) who does an act mentioned in subsection (1) does not commit an offence under that subsection if—</p></intro><level class="para1"><num>(a)</num><content><p>P is carrying on business in the regulated sector that is not excluded business,</p></content></level><level class="para1"><num>(b)</num><intro><p>P does the act, in the course of that business—</p></intro><level class="para2"><num>(i)</num><content><p>in transferring or handing over to the customer or client property of, or owing to, a customer or client, and</p></content></level><level class="para2"><num>(ii)</num><content><p>for the purposes of the termination of P’s business relationship with the customer or client,</p></content></level></level><level class="para1"><num>(c)</num><content><p>the total value of the criminal property so transferred or handed over to the customer or client by P for those purposes is less than the threshold amount determined under section 339A for the act, and</p></content></level><level class="para1"><num>(d)</num><content><p>before the act is done, P has complied with the customer due diligence duties.</p></content></level></subsection><subsection><num>(2E)</num><intro><p>For the purposes of subsection <ref href="#d28e26521">(2D)</ref>—</p></intro><level class="para1" eId="d28e26575"><num>(a)</num><content><p>business is “excluded” if it is of a description specified in regulations made by the Secretary of State for the purposes of this subsection;</p></content></level><level class="para1"><num>(b)</num><content><p>a reference to property being transferred or handed over to the customer or client includes a reference to property being transferred or handed over to another person at the direction of the customer or client;</p></content></level><level class="para1"><num>(c)</num><content><p>“<term refersTo="#term-customer-due-diligence-duties">customer due diligence duties</term>” means all duties imposed on P in relation to the customer or client by regulation 28(2), (3), (3A), (4), (8) or (10) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (<ref eId="c00024" href="http://www.legislation.gov.uk/id/uksi/2017/692">S.I. 2017/692</ref>) (customer due diligence measures).</p></content></level></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-182-5"><num>(5)</num><intro><p>In section 339A (threshold amounts)—</p></intro><level class="para1" eId="section-182-5-a"><num>(a)</num><content><p><mod>for subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>In this section—</p></intro><level class="para1"><num>(a)</num><content><p>subsections (2) to (6) apply for the purposes of sections 327(2C), 328(5) and 329(2C), and</p></content></level><level class="para1"><num>(b)</num><content><p>subsection (6A) applies for the purposes of sections 327<ref href="#d28e26351">(2D)</ref>, 328<ref href="#d28e26436">(6)</ref> and 329<ref href="#d28e26521">(2D)</ref>.</p></content></level></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-182-5-b"><num>(b)</num><content><p><mod>after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26648"><num>(6A)</num><content><p>The threshold amount for acts done by a person carrying on business in the regulated sector, for the purposes of the termination of a business relationship with a customer or client, is £1000.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-182-5-c"><num>(c)</num><content><p><mod>in subsection (7), after “subsection (2)” insert <quotedText>“or <ref href="#d28e26648">(6A)</ref>”</quotedText>.</mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-182-5-a"><num>(a)</num><content><p><mod>for subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>In this section—</p></intro><level class="para1"><num>(a)</num><content><p>subsections (2) to (6) apply for the purposes of sections 327(2C), 328(5) and 329(2C), and</p></content></level><level class="para1"><num>(b)</num><content><p>subsection (6A) applies for the purposes of sections 327<ref href="#d28e26351">(2D)</ref>, 328<ref href="#d28e26436">(6)</ref> and 329<ref href="#d28e26521">(2D)</ref>.</p></content></level></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-182-5-b"><num>(b)</num><content><p><mod>after subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26648"><num>(6A)</num><content><p>The threshold amount for acts done by a person carrying on business in the regulated sector, for the purposes of the termination of a business relationship with a customer or client, is £1000.</p></content></subsection></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-182-5-c"><num>(c)</num><content><p><mod>in subsection (7), after “subsection (2)” insert <quotedText>“or <ref href="#d28e26648">(6A)</ref>”</quotedText>.</mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-182-6"><num>(6)</num><content><p><mod>In section 340 (interpretation of Part 7), after subsection (16) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(17)</num><intro><p>“<term refersTo="#term-business-relationship">Business relationship</term>” means a business, professional or commercial relationship between a person carrying on business in the regulated sector and a customer or client, where the relationship—</p></intro><level class="para1"><num>(a)</num><content><p>arises out of the business of that person, and</p></content></level><level class="para1"><num>(b)</num><content><p>is expected by that person, at the time when contact is established, to have an element of duration.</p></content></level></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-182-7"><num>(7)</num><intro><p>In section 459 (orders and regulations)—</p></intro><level class="para1" eId="section-182-7-a"><num>(a)</num><content><p><mod>in subsection (4), after paragraph (aza) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(azaa)</num><content><p>regulations under section 327<ref href="#d28e26405">(2E)(a)</ref>, 328<ref href="#d28e26490">(7)(a)</ref> or 329<ref href="#d28e26575">(2E)(a)</ref>;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-182-7-b"><num>(b)</num><content><p><mod>after subsection (6ZB) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6ZBA)</num><content><p>No regulations may be made by the Secretary of State under section 327<ref href="#d28e26405">(2E)(a)</ref>, 328<ref href="#d28e26490">(7)(a)</ref> or 329<ref href="#d28e26575">(2E)(a)</ref> unless a draft of the regulations has been laid before Parliament and approved by a resolution of each House.</p></content></subsection></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-182-7-a"><num>(a)</num><content><p><mod>in subsection (4), after paragraph (aza) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(azaa)</num><content><p>regulations under section 327<ref href="#d28e26405">(2E)(a)</ref>, 328<ref href="#d28e26490">(7)(a)</ref> or 329<ref href="#d28e26575">(2E)(a)</ref>;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-182-7-b"><num>(b)</num><content><p><mod>after subsection (6ZB) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6ZBA)</num><content><p>No regulations may be made by the Secretary of State under section 327<ref href="#d28e26405">(2E)(a)</ref>, 328<ref href="#d28e26490">(7)(a)</ref> or 329<ref href="#d28e26575">(2E)(a)</ref> unless a draft of the regulations has been laid before Parliament and approved by a resolution of each House.</p></content></subsection></quotedStructure></mod></p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-183"><num>183</num><heading>Money laundering: exemptions for mixed-property transactions</heading><subsection eId="section-183-1"><num>(1)</num><content><p>The Proceeds of Crime Act 2002 is amended as follows.</p></content></subsection><subsection eId="section-183-2"><num>(2)</num><content><p><mod>In section 327 (concealing etc), after subsection (2E) (inserted by section 182) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26770"><num>(2F)</num><intro><p>A person (“<term refersTo="#term-p">P</term>”) who does an act mentioned in paragraph (c), (d) or (e) of subsection (1) does not commit an offence under that subsection if—</p></intro><level class="para1"><num>(a)</num><content><p>P is carrying on business in the regulated sector,</p></content></level><level class="para1"><num>(b)</num><content><p>P does the act in the course of that business, on behalf of a customer or client, in operating an account or accounts maintained with P or in connection with holding any property for the customer or client,</p></content></level><level class="para1"><num>(c)</num><content><p>at the time of the act, P knows or suspects that part but not all of the funds in the account or accounts, or of the property so held, is criminal property (“the relevant criminal property”),</p></content></level><level class="para1"><num>(d)</num><content><p>it is not possible, at the time the act takes place, to identify the part of the funds or property that is the relevant criminal property, and</p></content></level><level class="para1"><num>(e)</num><content><p>the value of the funds in the account or accounts, or of the property so held, is not, as a direct or indirect result of the act, less than the value of the relevant criminal property at the time of the act.</p></content></level></subsection><subsection><num>(2G)</num><intro><p>Where subsection <ref href="#d28e26770">(2F)</ref> applies—</p></intro><level class="para1"><num>(a)</num><content><p>if P does the act in operating an account or accounts, the funds in the account or accounts immediately after the act are assumed to include the relevant criminal property, and</p></content></level><level class="para1"><num>(b)</num><content><p>if P does the act in connection with holding any property for the customer or client, such of that property as is held by P immediately after the act is assumed to include the relevant criminal property.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-183-3"><num>(3)</num><content><p><mod>In section 328 (arrangements), after subsection (7) (inserted by section 182) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26837"><num>(8)</num><intro><p>A person (“<term refersTo="#term-p">P</term>”) who does an act mentioned in subsection (1) does not commit an offence under that subsection if—</p></intro><level class="para1"><num>(a)</num><content><p>P is carrying on business in the regulated sector,</p></content></level><level class="para1"><num>(b)</num><content><p>P does the act in the course of that business, on behalf of a customer or client, in operating an account or accounts maintained with P or in connection with holding any property for the customer or client,</p></content></level><level class="para1"><num>(c)</num><content><p>at the time of the act, P knows or suspects that part but not all of the funds in the account or accounts, or of the property so held, is criminal property (“the relevant criminal property”),</p></content></level><level class="para1"><num>(d)</num><content><p>it is not possible, at the time the act takes place, to identify the part of the funds or property that is the relevant criminal property, and</p></content></level><level class="para1"><num>(e)</num><content><p>the value of the funds in the account or accounts, or of the property so held, is not, as a direct or indirect result of the act, less than the value of the relevant criminal property at the time of the act.</p></content></level></subsection><subsection><num>(9)</num><intro><p>Where subsection <ref href="#d28e26837">(8)</ref> applies—</p></intro><level class="para1"><num>(a)</num><content><p>if P does the act in operating an account or accounts, the funds in the account or accounts immediately after the act are assumed to include the relevant criminal property, and</p></content></level><level class="para1"><num>(b)</num><content><p>if P does the act in connection with holding any property for the customer or client, such of that property as is held by P immediately after the act is assumed to include the relevant criminal property.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-183-4"><num>(4)</num><content><p><mod>In section 329 (acquisition, use and possession), after subsection (2E) (inserted by section 182), insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26904"><num>(2F)</num><intro><p>A person (“<term refersTo="#term-p">P</term>”) who does an act mentioned in subsection (1) does not commit an offence under that subsection if—</p></intro><level class="para1"><num>(a)</num><content><p>P is carrying on business in the regulated sector,</p></content></level><level class="para1"><num>(b)</num><content><p>P does the act in the course of that business, on behalf of a customer or client, in operating an account or accounts maintained with P or in connection with holding any property for the customer or client,</p></content></level><level class="para1"><num>(c)</num><content><p>at the time of the act, P knows or suspects that part but not all of the funds in the account or accounts, or of the property so held, is criminal property (“the relevant criminal property”),</p></content></level><level class="para1"><num>(d)</num><content><p>it is not possible, at the time the act takes place, to identify the part of the funds or property that is the relevant criminal property, and</p></content></level><level class="para1"><num>(e)</num><content><p>the value of the funds in the account or accounts, or of the property so held, is not, as a direct or indirect result of the act, less than the value of the relevant criminal property at the time of the act.</p></content></level></subsection><subsection><num>(2G)</num><intro><p>Where subsection <ref href="#d28e26904">(2F)</ref> applies—</p></intro><level class="para1"><num>(a)</num><content><p>if P does the act in operating an account or accounts, the funds in the account or accounts immediately after the act are assumed to include the relevant criminal property, and</p></content></level><level class="para1"><num>(b)</num><content><p>if P does the act in connection with holding any property for the customer or client, such of that property as is held by P immediately after the act is assumed to include the relevant criminal property.</p></content></level></subsection></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-183-1"><num>(1)</num><content><p>The Proceeds of Crime Act 2002 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-183-2"><num>(2)</num><content><p><mod>In section 327 (concealing etc), after subsection (2E) (inserted by section 182) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26770"><num>(2F)</num><intro><p>A person (“<term refersTo="#term-p">P</term>”) who does an act mentioned in paragraph (c), (d) or (e) of subsection (1) does not commit an offence under that subsection if—</p></intro><level class="para1"><num>(a)</num><content><p>P is carrying on business in the regulated sector,</p></content></level><level class="para1"><num>(b)</num><content><p>P does the act in the course of that business, on behalf of a customer or client, in operating an account or accounts maintained with P or in connection with holding any property for the customer or client,</p></content></level><level class="para1"><num>(c)</num><content><p>at the time of the act, P knows or suspects that part but not all of the funds in the account or accounts, or of the property so held, is criminal property (“the relevant criminal property”),</p></content></level><level class="para1"><num>(d)</num><content><p>it is not possible, at the time the act takes place, to identify the part of the funds or property that is the relevant criminal property, and</p></content></level><level class="para1"><num>(e)</num><content><p>the value of the funds in the account or accounts, or of the property so held, is not, as a direct or indirect result of the act, less than the value of the relevant criminal property at the time of the act.</p></content></level></subsection><subsection><num>(2G)</num><intro><p>Where subsection <ref href="#d28e26770">(2F)</ref> applies—</p></intro><level class="para1"><num>(a)</num><content><p>if P does the act in operating an account or accounts, the funds in the account or accounts immediately after the act are assumed to include the relevant criminal property, and</p></content></level><level class="para1"><num>(b)</num><content><p>if P does the act in connection with holding any property for the customer or client, such of that property as is held by P immediately after the act is assumed to include the relevant criminal property.</p></content></level></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-183-3"><num>(3)</num><content><p><mod>In section 328 (arrangements), after subsection (7) (inserted by section 182) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26837"><num>(8)</num><intro><p>A person (“<term refersTo="#term-p">P</term>”) who does an act mentioned in subsection (1) does not commit an offence under that subsection if—</p></intro><level class="para1"><num>(a)</num><content><p>P is carrying on business in the regulated sector,</p></content></level><level class="para1"><num>(b)</num><content><p>P does the act in the course of that business, on behalf of a customer or client, in operating an account or accounts maintained with P or in connection with holding any property for the customer or client,</p></content></level><level class="para1"><num>(c)</num><content><p>at the time of the act, P knows or suspects that part but not all of the funds in the account or accounts, or of the property so held, is criminal property (“the relevant criminal property”),</p></content></level><level class="para1"><num>(d)</num><content><p>it is not possible, at the time the act takes place, to identify the part of the funds or property that is the relevant criminal property, and</p></content></level><level class="para1"><num>(e)</num><content><p>the value of the funds in the account or accounts, or of the property so held, is not, as a direct or indirect result of the act, less than the value of the relevant criminal property at the time of the act.</p></content></level></subsection><subsection><num>(9)</num><intro><p>Where subsection <ref href="#d28e26837">(8)</ref> applies—</p></intro><level class="para1"><num>(a)</num><content><p>if P does the act in operating an account or accounts, the funds in the account or accounts immediately after the act are assumed to include the relevant criminal property, and</p></content></level><level class="para1"><num>(b)</num><content><p>if P does the act in connection with holding any property for the customer or client, such of that property as is held by P immediately after the act is assumed to include the relevant criminal property.</p></content></level></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-183-4"><num>(4)</num><content><p><mod>In section 329 (acquisition, use and possession), after subsection (2E) (inserted by section 182), insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e26904"><num>(2F)</num><intro><p>A person (“<term refersTo="#term-p">P</term>”) who does an act mentioned in subsection (1) does not commit an offence under that subsection if—</p></intro><level class="para1"><num>(a)</num><content><p>P is carrying on business in the regulated sector,</p></content></level><level class="para1"><num>(b)</num><content><p>P does the act in the course of that business, on behalf of a customer or client, in operating an account or accounts maintained with P or in connection with holding any property for the customer or client,</p></content></level><level class="para1"><num>(c)</num><content><p>at the time of the act, P knows or suspects that part but not all of the funds in the account or accounts, or of the property so held, is criminal property (“the relevant criminal property”),</p></content></level><level class="para1"><num>(d)</num><content><p>it is not possible, at the time the act takes place, to identify the part of the funds or property that is the relevant criminal property, and</p></content></level><level class="para1"><num>(e)</num><content><p>the value of the funds in the account or accounts, or of the property so held, is not, as a direct or indirect result of the act, less than the value of the relevant criminal property at the time of the act.</p></content></level></subsection><subsection><num>(2G)</num><intro><p>Where subsection <ref href="#d28e26904">(2F)</ref> applies—</p></intro><level class="para1"><num>(a)</num><content><p>if P does the act in operating an account or accounts, the funds in the account or accounts immediately after the act are assumed to include the relevant criminal property, and</p></content></level><level class="para1"><num>(b)</num><content><p>if P does the act in connection with holding any property for the customer or client, such of that property as is held by P immediately after the act is assumed to include the relevant criminal property.</p></content></level></subsection></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-184"><num>184</num><heading>Money laundering: offences of failing to disclose</heading><subsection eId="section-184-1"><num>(1)</num><content><p>The Proceeds of Crime Act 2002 is amended as follows.</p></content></subsection><subsection eId="section-184-2"><num>(2)</num><intro><p>In section 330 (failure to disclose: regulated sector)—</p></intro><level class="para1" eId="section-184-2-a"><num>(a)</num><content><p>subsection (7A) is moved to after subsection (7B) and is renumbered subsection (7C);</p></content></level><level class="para1" eId="section-184-2-b"><num>(b)</num><content><p><mod>after that subsection as moved and renumbered, insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7D)</num><intro><p>Nor does a person commit an offence under this section if—</p></intro><level class="para1"><num>(a)</num><content><p>the information or other matter mentioned in subsection (3) consists of or includes information that was obtained only in consequence of the carrying out of a status check under section 40 of the Immigration Act 2014 or an immigration check under section 40A of that Act or both, and</p></content></level><level class="para1"><num>(b)</num><content><p>but for the information so obtained the person would not have reasonable grounds for knowing or suspecting that another person is engaged in money laundering.</p></content></level></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-184-3"><num>(3)</num><content><p><mod>In section 331 (failure to disclose: nominated officers in the regulated sector), after subsection (6A) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6B)</num><intro><p>Nor does a person commit an offence under this section if—</p></intro><level class="para1"><num>(a)</num><content><p>the information or other matter disclosed to the person under section 330 consists of or includes information that was obtained only in consequence of the carrying out of a status check under section 40 of the Immigration Act 2014 or an immigration check under section 40A of that Act or both, and</p></content></level><level class="para1"><num>(b)</num><content><p>but for the information so obtained the person would not have reasonable grounds for knowing or suspecting that another person is engaged in money laundering.</p></content></level></subsection></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-184-1"><num>(1)</num><content><p>The Proceeds of Crime Act 2002 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-184-2"><num>(2)</num><intro><p>In section 330 (failure to disclose: regulated sector)—</p></intro><level class="para1" eId="section-184-2-a"><num>(a)</num><content><p>subsection (7A) is moved to after subsection (7B) and is renumbered subsection (7C);</p></content></level><level class="para1" eId="section-184-2-b"><num>(b)</num><content><p><mod>after that subsection as moved and renumbered, insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7D)</num><intro><p>Nor does a person commit an offence under this section if—</p></intro><level class="para1"><num>(a)</num><content><p>the information or other matter mentioned in subsection (3) consists of or includes information that was obtained only in consequence of the carrying out of a status check under section 40 of the Immigration Act 2014 or an immigration check under section 40A of that Act or both, and</p></content></level><level class="para1"><num>(b)</num><content><p>but for the information so obtained the person would not have reasonable grounds for knowing or suspecting that another person is engaged in money laundering.</p></content></level></subsection></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-184-2-a"><num>(a)</num><content><p>subsection (7A) is moved to after subsection (7B) and is renumbered subsection (7C);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-184-2-b"><num>(b)</num><content><p><mod>after that subsection as moved and renumbered, insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7D)</num><intro><p>Nor does a person commit an offence under this section if—</p></intro><level class="para1"><num>(a)</num><content><p>the information or other matter mentioned in subsection (3) consists of or includes information that was obtained only in consequence of the carrying out of a status check under section 40 of the Immigration Act 2014 or an immigration check under section 40A of that Act or both, and</p></content></level><level class="para1"><num>(b)</num><content><p>but for the information so obtained the person would not have reasonable grounds for knowing or suspecting that another person is engaged in money laundering.</p></content></level></subsection></quotedStructure></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-184-3"><num>(3)</num><content><p><mod>In section 331 (failure to disclose: nominated officers in the regulated sector), after subsection (6A) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6B)</num><intro><p>Nor does a person commit an offence under this section if—</p></intro><level class="para1"><num>(a)</num><content><p>the information or other matter disclosed to the person under section 330 consists of or includes information that was obtained only in consequence of the carrying out of a status check under section 40 of the Immigration Act 2014 or an immigration check under section 40A of that Act or both, and</p></content></level><level class="para1"><num>(b)</num><content><p>but for the information so obtained the person would not have reasonable grounds for knowing or suspecting that another person is engaged in money laundering.</p></content></level></subsection></quotedStructure></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-185"><num>185</num><heading>Money laundering: information orders</heading><subsection eId="section-185-1"><num>(1)</num><content><p>Section 339ZH of the Proceeds of Crime Act 2002 (further information orders) is amended in accordance with subsections <ref href="#section-185-2">(2)</ref> to <ref href="#section-185-11">(11)</ref>.</p></content></subsection><subsection eId="section-185-2"><num>(2)</num><content><p><mod>In the heading for “Further information” substitute <quotedText>“Information”</quotedText>.</mod></p></content></subsection><subsection eId="section-185-3"><num>(3)</num><intro><p>In subsection (1)—</p></intro><level class="para1" eId="section-185-3-a"><num>(a)</num><content><p><mod>for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para1" eId="section-185-3-b"><num>(b)</num><content><p><mod>for “either condition 1 or condition 2” substitute <quotedText>“one of conditions 1 to 4”</quotedText>.</mod></p></content></level></subsection><subsection eId="section-185-4"><num>(4)</num><content><p><mod>In subsection (3) for “A further” substitute <quotedText>“An”</quotedText>.</mod></p></content></subsection><subsection eId="section-185-5"><num>(5)</num><content><p><mod>In subsection (4) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection><subsection eId="section-185-6"><num>(6)</num><content><p><mod>In subsection (5) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection><subsection eId="section-185-7"><num>(7)</num><content><p><mod>After subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e27142"><num>(6A)</num><intro><p>Condition 3 for the making of an information order is met if—</p></intro><level class="para1"><num>(a)</num><intro><p>the information would assist an authorised NCA officer to conduct—</p></intro><level class="para2"><num>(i)</num><content><p>operational analysis of information that is relevant to money laundering or suspected money laundering, or</p></content></level><level class="para2"><num>(ii)</num><content><p>strategic analysis identifying trends or patterns in the conduct of money laundering, or systemic deficiencies or vulnerabilities which have been, are being or are likely to be, exploited for the purposes of money laundering,</p></content></level><wrapUp><p>for the purposes of the criminal intelligence function of the National Crime Agency, so far as it relates to money laundering,</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>the respondent is a person carrying on a business in the regulated sector,</p></content></level><level class="para1"><num>(c)</num><content><p>where the application for the order is made to a magistrates’ court, the person making the application has had regard to the code of practice under section 339ZL,</p></content></level><level class="para1"><num>(d)</num><intro><p>where the application for the order is made to the sheriff—</p></intro><level class="para2"><num>(i)</num><content><p>the application is made by a procurator fiscal at the request of the Director General of the National Crime Agency or an authorised NCA officer, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the person making that request has had regard to the code of practice under section 339ZL, and</p></content></level></level><level class="para1"><num>(e)</num><content><p>it is reasonable in all the circumstances for the information to be provided.</p></content></level></subsection><subsection eId="d28e27204"><num>(6B)</num><intro><p>Condition 4 for the making of an information order is met if—</p></intro><level class="para1"><num>(a)</num><content><p>a request has been made by a foreign FIU to the National Crime Agency for the provision of the information required to be given under the order,</p></content></level><level class="para1"><num>(b)</num><intro><p>an authorised NCA officer has reasonable grounds to believe that the request was made only for the purpose of assisting the foreign FIU to conduct one or both of the following—</p></intro><level class="para2"><num>(i)</num><content><p>operational analysis of information that is relevant to money laundering or suspected money laundering, or</p></content></level><level class="para2"><num>(ii)</num><content><p>strategic analysis identifying trends or patterns in the conduct of money laundering, or systematic deficiencies or vulnerabilities which have been, are being or are likely to be, exploited for the purposes of money laundering,</p></content></level><wrapUp><p>and that the information is likely to be of substantial value to the foreign FIU in carrying out such analysis,</p></wrapUp></level><level class="para1"><num>(c)</num><content><p>the provision of the information by the National Crime Agency to the foreign FIU would be for the purposes of the criminal intelligence function of the National Crime Agency, so far as it relates to money laundering,</p></content></level><level class="para1"><num>(d)</num><content><p>the respondent is a person carrying on a business in the regulated sector,</p></content></level><level class="para1"><num>(e)</num><content><p>where the application for the order is made to a magistrates’ court, the person making the application has had regard to the code of practice under section 339ZL,</p></content></level><level class="para1"><num>(f)</num><intro><p>where the application for the order is made to the sheriff—</p></intro><level class="para2"><num>(i)</num><content><p>the application is made by a procurator fiscal at the request of the Director General of the National Crime Agency or an authorised NCA officer, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the person making that request has had regard to the code of practice under section 339ZL, and</p></content></level></level><level class="para1"><num>(g)</num><content><p>it is reasonable in all the circumstances for the information to be provided.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-185-8"><num>(8)</num><content><p><mod>In subsection (7) for “A further” substitute <quotedText>“An”</quotedText>.</mod></p></content></subsection><subsection eId="section-185-9"><num>(9)</num><content><p><mod>In subsection (8) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection><subsection eId="section-185-10"><num>(10)</num><content><p><mod>In subsection (12), at the appropriate places, insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-authorised-nca-officer">authorised NCA officer</term>” means a National Crime Agency officer authorised by the Director General (whether generally or specifically) for the purposes of this section;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-the-criminal-intelligence-function">the criminal intelligence function</term>” has the meaning given by section 1(5) of the Crime and Courts Act 2013;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-foreign-fiu">foreign FIU</term>” means a body in a foreign country carrying out the functions of a financial intelligence unit within the meaning of Recommendation 29 of the Financial Action Task Force (as that Recommendation has effect from time to time);</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-185-11"><num>(11)</num><content><p><mod>In that subsection, in the definition of “relevant person”, in paragraph (a), for “other National Crime Agency officer” to the end substitute <quotedText>“authorised NCA officer,”</quotedText>.</mod></p></content></subsection><subsection eId="section-185-12"><num>(12)</num><content><p><mod>After section 339ZK of the Proceeds of Crime Act 2002 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>339ZL</num><heading>Code of practice about certain information orders</heading><subsection><num>(1)</num><intro><p>The Secretary of State must make a code of practice in connection with the exercise of the following functions by the Director General of the National Crime Agency or an authorised NCA officer—</p></intro><level class="para1"><num>(a)</num><content><p>the making of an application to the magistrates’ court for an information order in reliance on Condition 3 or 4 in section 339ZH being met;</p></content></level><level class="para1"><num>(b)</num><content><p>the making of a request to a procurator fiscal for the procurator fiscal to apply for an information order in reliance on Condition 3 or 4 in section 339ZH being met.</p></content></level></subsection><subsection><num>(2)</num><intro><p>Where the Secretary of State proposes to issue a code of practice the Secretary of State must—</p></intro><level class="para1"><num>(a)</num><content><p>publish a draft,</p></content></level><level class="para1"><num>(b)</num><content><p>consider any representations made about the draft, and</p></content></level><level class="para1"><num>(c)</num><content><p>if the Secretary of State thinks appropriate, modify the draft in the light of any such representations.</p></content></level></subsection><subsection><num>(3)</num><content><p>A requirement in paragraph (a), (b) or (c) of subsection (2) may be satisfied by the carrying out of the action required by the paragraph in question before this section comes into force.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State must lay a draft of the code before Parliament.</p></content></subsection><subsection eId="d28e27422"><num>(5)</num><content><p>When the Secretary of State has laid a draft of the code before Parliament the Secretary of State may bring it into operation by regulations.</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State may revise the whole or any part of the code and issue the code as revised; and subsections (2) to <ref href="#d28e27422">(5)</ref> apply to a revised code as they apply to the original code.</p></content></subsection><subsection><num>(7)</num><content><p>A failure by a person to comply with a provision of the code does not of itself make the person liable to criminal or civil proceedings.</p></content></subsection><subsection><num>(8)</num><content><p>The code is admissible in evidence in criminal or civil proceedings and is to be taken into account by a court or tribunal in any case in which it appears to the court or tribunal to be relevant.</p></content></subsection><subsection><num>(9)</num><content><p>A code of practice made under this section may be combined with a code of practice under section 22F of the Terrorism Act 2000 (code of practice relating to information orders under section 22B(1A) of that Act).</p></content></subsection><subsection><num>(10)</num><content><p>In this section “<term refersTo="#term-authorised-nca-officer">authorised NCA officer</term>” has the meaning given in section 339ZH(12).</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-185-13"><num>(13)</num><intro><p>In section 459 of that Act (orders and regulations)—</p></intro><level class="para1" eId="section-185-13-a"><num>(a)</num><content><p><mod>in subsection (4), after paragraph (azaa) (inserted by section 182(7)(a) of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(azab)</num><content><p>regulations under section 339ZL<ref href="#d28e27422">(5)</ref>;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-185-13-b"><num>(b)</num><content><p><mod>after subsection (6ZBA) (inserted by section 182(7)(b) of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6ZBB)</num><content><p>No regulations may be made by the Secretary of State under section 339ZL<ref href="#d28e27422">(5)</ref> unless a draft of the regulations has been laid before Parliament and approved by a resolution of each House.</p></content></subsection></quotedStructure></mod></p></content></level></subsection><subsection eId="section-185-14"><num>(14)</num><intro><p>In consequence of further information orders being renamed information orders by this section, the following amendments are also made to that Act—</p></intro><level class="para1" eId="section-185-14-a"><num>(a)</num><content><p><mod>in the italic heading before section 339ZH for “Further information” substitute <quotedText>“Information”</quotedText>;</mod></p></content></level><level class="para1" eId="section-185-14-b"><num>(b)</num><content><p><mod>in section 339ZI (statements), in subsection (1) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para1" eId="section-185-14-c"><num>(c)</num><content><p><mod>in section 339ZJ (appeals), in subsections (1) and (4)(a) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para1" eId="section-185-14-d"><num>(d)</num><intro><p>in section 339ZK (supplementary)—</p></intro><level class="para2" eId="section-185-14-d-i"><num>(i)</num><content><p><mod>in subsection (1) for “A further” substitute <quotedText>“An”</quotedText>;</mod></p></content></level><level class="para2" eId="section-185-14-d-ii"><num>(ii)</num><content><p><mod>in subsection (3) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para2" eId="section-185-14-d-iii"><num>(iii)</num><content><p><mod>in subsection (4) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para2" eId="section-185-14-d-iv"><num>(iv)</num><content><p>in subsection (5) omit “further”;</p></content></level></level><level class="para1" eId="section-185-14-e"><num>(e)</num><content><p><mod>in section 340 (interpretation), in subsection (15) for “Further information” substitute <quotedText>“Information”</quotedText>.</mod></p></content></level></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-185-1"><num>(1)</num><content><p>Section 339ZH of the Proceeds of Crime Act 2002 (further information orders) is amended in accordance with subsections <ref href="#section-185-2">(2)</ref> to <ref href="#section-185-11">(11)</ref>.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-185-2"><num>(2)</num><content><p><mod>In the heading for “Further information” substitute <quotedText>“Information”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-185-3"><num>(3)</num><intro><p>In subsection (1)—</p></intro><level class="para1" eId="section-185-3-a"><num>(a)</num><content><p><mod>for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para1" eId="section-185-3-b"><num>(b)</num><content><p><mod>for “either condition 1 or condition 2” substitute <quotedText>“one of conditions 1 to 4”</quotedText>.</mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-185-3-a"><num>(a)</num><content><p><mod>for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-185-3-b"><num>(b)</num><content><p><mod>for “either condition 1 or condition 2” substitute <quotedText>“one of conditions 1 to 4”</quotedText>.</mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-185-4"><num>(4)</num><content><p><mod>In subsection (3) for “A further” substitute <quotedText>“An”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-185-5"><num>(5)</num><content><p><mod>In subsection (4) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-185-6"><num>(6)</num><content><p><mod>In subsection (5) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-185-7"><num>(7)</num><content><p><mod>After subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e27142"><num>(6A)</num><intro><p>Condition 3 for the making of an information order is met if—</p></intro><level class="para1"><num>(a)</num><intro><p>the information would assist an authorised NCA officer to conduct—</p></intro><level class="para2"><num>(i)</num><content><p>operational analysis of information that is relevant to money laundering or suspected money laundering, or</p></content></level><level class="para2"><num>(ii)</num><content><p>strategic analysis identifying trends or patterns in the conduct of money laundering, or systemic deficiencies or vulnerabilities which have been, are being or are likely to be, exploited for the purposes of money laundering,</p></content></level><wrapUp><p>for the purposes of the criminal intelligence function of the National Crime Agency, so far as it relates to money laundering,</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>the respondent is a person carrying on a business in the regulated sector,</p></content></level><level class="para1"><num>(c)</num><content><p>where the application for the order is made to a magistrates’ court, the person making the application has had regard to the code of practice under section 339ZL,</p></content></level><level class="para1"><num>(d)</num><intro><p>where the application for the order is made to the sheriff—</p></intro><level class="para2"><num>(i)</num><content><p>the application is made by a procurator fiscal at the request of the Director General of the National Crime Agency or an authorised NCA officer, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the person making that request has had regard to the code of practice under section 339ZL, and</p></content></level></level><level class="para1"><num>(e)</num><content><p>it is reasonable in all the circumstances for the information to be provided.</p></content></level></subsection><subsection eId="d28e27204"><num>(6B)</num><intro><p>Condition 4 for the making of an information order is met if—</p></intro><level class="para1"><num>(a)</num><content><p>a request has been made by a foreign FIU to the National Crime Agency for the provision of the information required to be given under the order,</p></content></level><level class="para1"><num>(b)</num><intro><p>an authorised NCA officer has reasonable grounds to believe that the request was made only for the purpose of assisting the foreign FIU to conduct one or both of the following—</p></intro><level class="para2"><num>(i)</num><content><p>operational analysis of information that is relevant to money laundering or suspected money laundering, or</p></content></level><level class="para2"><num>(ii)</num><content><p>strategic analysis identifying trends or patterns in the conduct of money laundering, or systematic deficiencies or vulnerabilities which have been, are being or are likely to be, exploited for the purposes of money laundering,</p></content></level><wrapUp><p>and that the information is likely to be of substantial value to the foreign FIU in carrying out such analysis,</p></wrapUp></level><level class="para1"><num>(c)</num><content><p>the provision of the information by the National Crime Agency to the foreign FIU would be for the purposes of the criminal intelligence function of the National Crime Agency, so far as it relates to money laundering,</p></content></level><level class="para1"><num>(d)</num><content><p>the respondent is a person carrying on a business in the regulated sector,</p></content></level><level class="para1"><num>(e)</num><content><p>where the application for the order is made to a magistrates’ court, the person making the application has had regard to the code of practice under section 339ZL,</p></content></level><level class="para1"><num>(f)</num><intro><p>where the application for the order is made to the sheriff—</p></intro><level class="para2"><num>(i)</num><content><p>the application is made by a procurator fiscal at the request of the Director General of the National Crime Agency or an authorised NCA officer, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the person making that request has had regard to the code of practice under section 339ZL, and</p></content></level></level><level class="para1"><num>(g)</num><content><p>it is reasonable in all the circumstances for the information to be provided.</p></content></level></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-185-8"><num>(8)</num><content><p><mod>In subsection (7) for “A further” substitute <quotedText>“An”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-185-9"><num>(9)</num><content><p><mod>In subsection (8) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-185-10"><num>(10)</num><content><p><mod>In subsection (12), at the appropriate places, insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-authorised-nca-officer">authorised NCA officer</term>” means a National Crime Agency officer authorised by the Director General (whether generally or specifically) for the purposes of this section;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-the-criminal-intelligence-function">the criminal intelligence function</term>” has the meaning given by section 1(5) of the Crime and Courts Act 2013;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-foreign-fiu">foreign FIU</term>” means a body in a foreign country carrying out the functions of a financial intelligence unit within the meaning of Recommendation 29 of the Financial Action Task Force (as that Recommendation has effect from time to time);</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-185-11"><num>(11)</num><content><p><mod>In that subsection, in the definition of “relevant person”, in paragraph (a), for “other National Crime Agency officer” to the end substitute <quotedText>“authorised NCA officer,”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-185-12"><num>(12)</num><content><p><mod>After section 339ZK of the Proceeds of Crime Act 2002 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>339ZL</num><heading>Code of practice about certain information orders</heading><subsection><num>(1)</num><intro><p>The Secretary of State must make a code of practice in connection with the exercise of the following functions by the Director General of the National Crime Agency or an authorised NCA officer—</p></intro><level class="para1"><num>(a)</num><content><p>the making of an application to the magistrates’ court for an information order in reliance on Condition 3 or 4 in section 339ZH being met;</p></content></level><level class="para1"><num>(b)</num><content><p>the making of a request to a procurator fiscal for the procurator fiscal to apply for an information order in reliance on Condition 3 or 4 in section 339ZH being met.</p></content></level></subsection><subsection><num>(2)</num><intro><p>Where the Secretary of State proposes to issue a code of practice the Secretary of State must—</p></intro><level class="para1"><num>(a)</num><content><p>publish a draft,</p></content></level><level class="para1"><num>(b)</num><content><p>consider any representations made about the draft, and</p></content></level><level class="para1"><num>(c)</num><content><p>if the Secretary of State thinks appropriate, modify the draft in the light of any such representations.</p></content></level></subsection><subsection><num>(3)</num><content><p>A requirement in paragraph (a), (b) or (c) of subsection (2) may be satisfied by the carrying out of the action required by the paragraph in question before this section comes into force.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State must lay a draft of the code before Parliament.</p></content></subsection><subsection eId="d28e27422"><num>(5)</num><content><p>When the Secretary of State has laid a draft of the code before Parliament the Secretary of State may bring it into operation by regulations.</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State may revise the whole or any part of the code and issue the code as revised; and subsections (2) to <ref href="#d28e27422">(5)</ref> apply to a revised code as they apply to the original code.</p></content></subsection><subsection><num>(7)</num><content><p>A failure by a person to comply with a provision of the code does not of itself make the person liable to criminal or civil proceedings.</p></content></subsection><subsection><num>(8)</num><content><p>The code is admissible in evidence in criminal or civil proceedings and is to be taken into account by a court or tribunal in any case in which it appears to the court or tribunal to be relevant.</p></content></subsection><subsection><num>(9)</num><content><p>A code of practice made under this section may be combined with a code of practice under section 22F of the Terrorism Act 2000 (code of practice relating to information orders under section 22B(1A) of that Act).</p></content></subsection><subsection><num>(10)</num><content><p>In this section “<term refersTo="#term-authorised-nca-officer">authorised NCA officer</term>” has the meaning given in section 339ZH(12).</p></content></subsection></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-185-13"><num>(13)</num><intro><p>In section 459 of that Act (orders and regulations)—</p></intro><level class="para1" eId="section-185-13-a"><num>(a)</num><content><p><mod>in subsection (4), after paragraph (azaa) (inserted by section 182(7)(a) of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(azab)</num><content><p>regulations under section 339ZL<ref href="#d28e27422">(5)</ref>;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-185-13-b"><num>(b)</num><content><p><mod>after subsection (6ZBA) (inserted by section 182(7)(b) of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6ZBB)</num><content><p>No regulations may be made by the Secretary of State under section 339ZL<ref href="#d28e27422">(5)</ref> unless a draft of the regulations has been laid before Parliament and approved by a resolution of each House.</p></content></subsection></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-185-13-a"><num>(a)</num><content><p><mod>in subsection (4), after paragraph (azaa) (inserted by section 182(7)(a) of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(azab)</num><content><p>regulations under section 339ZL<ref href="#d28e27422">(5)</ref>;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-185-13-b"><num>(b)</num><content><p><mod>after subsection (6ZBA) (inserted by section 182(7)(b) of this Act) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6ZBB)</num><content><p>No regulations may be made by the Secretary of State under section 339ZL<ref href="#d28e27422">(5)</ref> unless a draft of the regulations has been laid before Parliament and approved by a resolution of each House.</p></content></subsection></quotedStructure></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-185-14"><num>(14)</num><intro><p>In consequence of further information orders being renamed information orders by this section, the following amendments are also made to that Act—</p></intro><level class="para1" eId="section-185-14-a"><num>(a)</num><content><p><mod>in the italic heading before section 339ZH for “Further information” substitute <quotedText>“Information”</quotedText>;</mod></p></content></level><level class="para1" eId="section-185-14-b"><num>(b)</num><content><p><mod>in section 339ZI (statements), in subsection (1) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para1" eId="section-185-14-c"><num>(c)</num><content><p><mod>in section 339ZJ (appeals), in subsections (1) and (4)(a) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para1" eId="section-185-14-d"><num>(d)</num><intro><p>in section 339ZK (supplementary)—</p></intro><level class="para2" eId="section-185-14-d-i"><num>(i)</num><content><p><mod>in subsection (1) for “A further” substitute <quotedText>“An”</quotedText>;</mod></p></content></level><level class="para2" eId="section-185-14-d-ii"><num>(ii)</num><content><p><mod>in subsection (3) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para2" eId="section-185-14-d-iii"><num>(iii)</num><content><p><mod>in subsection (4) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para2" eId="section-185-14-d-iv"><num>(iv)</num><content><p>in subsection (5) omit “further”;</p></content></level></level><level class="para1" eId="section-185-14-e"><num>(e)</num><content><p><mod>in section 340 (interpretation), in subsection (15) for “Further information” substitute <quotedText>“Information”</quotedText>.</mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-185-14-a"><num>(a)</num><content><p><mod>in the italic heading before section 339ZH for “Further information” substitute <quotedText>“Information”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-185-14-b"><num>(b)</num><content><p><mod>in section 339ZI (statements), in subsection (1) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-185-14-c"><num>(c)</num><content><p><mod>in section 339ZJ (appeals), in subsections (1) and (4)(a) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-185-14-d"><num>(d)</num><intro><p>in section 339ZK (supplementary)—</p></intro><level class="para2" eId="section-185-14-d-i"><num>(i)</num><content><p><mod>in subsection (1) for “A further” substitute <quotedText>“An”</quotedText>;</mod></p></content></level><level class="para2" eId="section-185-14-d-ii"><num>(ii)</num><content><p><mod>in subsection (3) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para2" eId="section-185-14-d-iii"><num>(iii)</num><content><p><mod>in subsection (4) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para2" eId="section-185-14-d-iv"><num>(iv)</num><content><p>in subsection (5) omit “further”;</p></content></level></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-185-14-d-i"><num>(i)</num><content><p><mod>in subsection (1) for “A further” substitute <quotedText>“An”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-185-14-d-ii"><num>(ii)</num><content><p><mod>in subsection (3) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-185-14-d-iii"><num>(iii)</num><content><p><mod>in subsection (4) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-185-14-d-iv"><num>(iv)</num><content><p>in subsection (5) omit “further”;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-185-14-e"><num>(e)</num><content><p><mod>in section 340 (interpretation), in subsection (15) for “Further information” substitute <quotedText>“Information”</quotedText>.</mod></p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-186"><num>186</num><heading>Terrorist financing: information orders</heading><subsection eId="section-186-1"><num>(1)</num><content><p>Section 22B of the Terrorism Act 2000 (further information orders) is amended in accordance with subsections <ref href="#section-186-2">(2)</ref> to <ref href="#section-186-12">(12)</ref>.</p></content></subsection><subsection eId="section-186-2"><num>(2)</num><content><p><mod>In the heading for “Further information” substitute <quotedText>“Information”</quotedText>.</mod></p></content></subsection><subsection eId="section-186-3"><num>(3)</num><content><p><mod>In subsection (1) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection><subsection eId="section-186-4"><num>(4)</num><content><p><mod>After subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><intro><p>A magistrates’ court or (in Scotland) the sheriff may, on an application made—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a magistrates’ court, by the Director General of the National Crime Agency or an authorised NCA officer, and</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of the sheriff, by a procurator fiscal,</p></content></level><wrapUp><p>make an information order if satisfied that either condition 3 or condition 4 is met.</p></wrapUp></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-186-5"><num>(5)</num><content><p><mod>In subsection (3) for “A further” substitute <quotedText>“An”</quotedText>.</mod></p></content></subsection><subsection eId="section-186-6"><num>(6)</num><content><p><mod>In subsection (4) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection><subsection eId="section-186-7"><num>(7)</num><content><p><mod>In subsection (5) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection><subsection eId="section-186-8"><num>(8)</num><content><p><mod>After subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e27704"><num>(6A)</num><intro><p>Condition 3 for the making of an information order is met if—</p></intro><level class="para1"><num>(a)</num><intro><p>the information would assist an authorised NCA officer to conduct—</p></intro><level class="para2"><num>(i)</num><content><p>operational analysis of information that is relevant to terrorist financing or suspected terrorist financing, or</p></content></level><level class="para2"><num>(ii)</num><content><p>strategic analysis identifying trends or patterns in the conduct of terrorist financing, or systemic deficiencies or vulnerabilities which have been, are being or are likely to be, exploited for the purposes of terrorist financing,</p></content></level><wrapUp><p>for the purposes of the criminal intelligence function of the National Crime Agency so far as it relates to terrorist financing,</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>the respondent is a person carrying on a business in the regulated sector,</p></content></level><level class="para1"><num>(c)</num><content><p>where the application for the order is made to a magistrates’ court, the person making the application has had regard to the code of practice under section 22F,</p></content></level><level class="para1"><num>(d)</num><intro><p>where the application for the order is made to the sheriff—</p></intro><level class="para2"><num>(i)</num><content><p>the application is made by a procurator fiscal at the request of the Director General of the National Crime Agency or an authorised NCA officer, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the person making that request has had regard to the code of practice under section 22F, and</p></content></level></level><level class="para1"><num>(e)</num><content><p>it is reasonable in all the circumstances for the information to be provided.</p></content></level></subsection><subsection eId="d28e27766"><num>(6B)</num><intro><p>Condition 4 for the making of an information order is met if—</p></intro><level class="para1"><num>(a)</num><content><p>a request has been made by a foreign FIU to the National Crime Agency for the provision of the information required to be given under the order,</p></content></level><level class="para1"><num>(b)</num><intro><p>an authorised NCA officer has reasonable grounds to believe that the request was made only for the purpose of assisting the foreign FIU to conduct one or both of the following—</p></intro><level class="para2"><num>(i)</num><content><p>operational analysis of information that is relevant to terrorist financing or suspected terrorist financing, or</p></content></level><level class="para2"><num>(ii)</num><content><p>strategic analysis identifying trends or patterns in the conduct of terrorist financing, or systematic deficiencies or vulnerabilities which have been, are being or are likely to be, exploited for the purposes of terrorist financing,</p></content></level><wrapUp><p>and that the information is likely to be of substantial value to the foreign FIU in carrying out such analysis,</p></wrapUp></level><level class="para1"><num>(c)</num><content><p>the provision of the information by the National Crime Agency to the foreign FIU would be for the purposes of the criminal intelligence function of the National Crime Agency, so far as it relates to terrorist financing,</p></content></level><level class="para1"><num>(d)</num><content><p>the respondent is a person carrying on a business in the regulated sector,</p></content></level><level class="para1"><num>(e)</num><content><p>where the application for the order is made to a magistrates’ court, the person making the application has had regard to the code of practice under section 22F,</p></content></level><level class="para1"><num>(f)</num><intro><p>where the application for the order is made to the sheriff—</p></intro><level class="para2"><num>(i)</num><content><p>the application is made by a procurator fiscal at the request of the Director General of the National Crime Agency or an authorised NCA officer, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the person making that request has had regard to the code of practice under section 22F, and</p></content></level></level><level class="para1"><num>(g)</num><content><p>it is reasonable in all the circumstances for the information to be provided.</p></content></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-186-9"><num>(9)</num><content><p><mod>In subsection (7) for “A further” substitute <quotedText>“An”</quotedText>.</mod></p></content></subsection><subsection eId="section-186-10"><num>(10)</num><content><p><mod>In subsection (8) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection><subsection eId="section-186-11"><num>(11)</num><content><p><mod>In subsection (12), after “this section” insert <quotedText>“in reliance on Condition 1 or 2”</quotedText>.</mod></p></content></subsection><subsection eId="section-186-12"><num>(12)</num><content><p><mod>In subsection (14), at the appropriate places, insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-authorised-nca-officer">authorised NCA officer</term>” means an officer of the National Crime Agency authorised by the Director General (whether generally or specifically) for the purposes of this section;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-the-criminal-intelligence-function">the criminal intelligence function</term>” has the meaning given by section 1(5) of the Crime and Courts Act 2013;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-foreign-fiu">foreign FIU</term>” means a body in a foreign country carrying out the functions of a financial intelligence unit within the meaning of Recommendation 29 of the Financial Action Task Force (as that Recommendation has effect from time to time);</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“<term refersTo="#term-terrorist-financing">terrorist financing</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>for the purposes of subsection <ref href="#d28e27704">(6A)</ref>, an act which constitutes an offence under any of sections 15 to 18;</p></content></level><level class="para1"><num>(b)</num><content><p>for the purposes of subsection <ref href="#d28e27766">(6B)</ref>, an act which constitutes a corresponding terrorist financing offence.</p></content></level></hcontainer></quotedStructure></mod></p></content></subsection><subsection eId="section-186-13"><num>(13)</num><content><p><mod>After section 22E of the Terrorism Act 2000 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>22F</num><heading>Code of practice about certain information orders</heading><subsection><num>(1)</num><intro><p>The Secretary of State must make a code of practice in connection with the exercise of the following functions by the Director General of the National Crime Agency or an authorised NCA officer—</p></intro><level class="para1"><num>(a)</num><content><p>the making of an application to the magistrates’ court for an information order under section 22B(1A) (information orders made in reliance on Condition 3 or 4 in section 22B being met);</p></content></level><level class="para1"><num>(b)</num><content><p>the making of a request to a procurator fiscal for the procurator fiscal to apply for an information order under section 22B(1A).</p></content></level></subsection><subsection><num>(2)</num><intro><p>Where the Secretary of State proposes to issue a code of practice the Secretary of State must—</p></intro><level class="para1"><num>(a)</num><content><p>publish a draft,</p></content></level><level class="para1"><num>(b)</num><content><p>consider any representations made about the draft, and</p></content></level><level class="para1"><num>(c)</num><content><p>if the Secretary of State thinks appropriate, modify the draft in the light of any such representations.</p></content></level></subsection><subsection><num>(3)</num><content><p>A requirement in paragraph (a), (b) or (c) of subsection (2) may be satisfied by the carrying out of the action required by the paragraph in question before this section comes into force.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State must lay a draft of the code before Parliament.</p></content></subsection><subsection><num>(5)</num><content><p>When the Secretary of State has laid a draft of the code before Parliament the Secretary of State may bring it into operation by regulations.</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State may revise the whole or any part of the code and issue the code as revised; and subsections <ref href="#section-186-2">(2)</ref> to <ref href="#section-186-5">(5)</ref> apply to a revised code as they apply to the original code.</p></content></subsection><subsection><num>(7)</num><content><p>A failure by a person to comply with a provision of the code does not of itself make the person liable to criminal or civil proceedings.</p></content></subsection><subsection><num>(8)</num><content><p>The code is admissible in evidence in criminal or civil proceedings and is to be taken into account by a court or tribunal in any case in which it appears to the court or tribunal to be relevant.</p></content></subsection><subsection><num>(9)</num><content><p>A code of practice made under this section may be combined with a code of practice under section 339ZL of the Proceeds of Crime Act 2002 (code of practice relating to certain information orders under section 339ZH of that Act).</p></content></subsection><subsection><num>(10)</num><content><p>In this section “<term refersTo="#term-authorised-nca-officer">authorised NCA officer</term>” has the meaning given in section 22B(14).</p></content></subsection></section></quotedStructure></mod></p></content></subsection><subsection eId="section-186-14"><num>(14)</num><content><p><mod>In section 123(4) of that Act (orders and regulations subject to affirmative procedure), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aza)</num><content><p>section 22F(5);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection><subsection eId="section-186-15"><num>(15)</num><intro><p>In consequence of further information orders being renamed information orders by this section, the following amendments are also made to that Act—</p></intro><level class="para1" eId="section-186-15-a"><num>(a)</num><content><p><mod>in the italic heading before section 22B for “Further information” substitute <quotedText>“Information”</quotedText>;</mod></p></content></level><level class="para1" eId="section-186-15-b"><num>(b)</num><content><p><mod>in section 22C (statements), in subsection (1) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para1" eId="section-186-15-c"><num>(c)</num><content><p><mod>in section 22D (appeals), in subsections (1) and (4)(a) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para1" eId="section-186-15-d"><num>(d)</num><intro><p>in section 22E (supplementary)—</p></intro><level class="para2" eId="section-186-15-d-i"><num>(i)</num><content><p><mod>in subsection (1) for “A further” substitute <quotedText>“An”</quotedText>;</mod></p></content></level><level class="para2" eId="section-186-15-d-ii"><num>(ii)</num><content><p><mod>in subsection (3) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para2" eId="section-186-15-d-iii"><num>(iii)</num><content><p><mod>in subsection (4) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para2" eId="section-186-15-d-iv"><num>(iv)</num><content><p>in subsection (5) omit “further”;</p></content></level></level><level class="para1" eId="section-186-15-e"><num>(e)</num><content><p>in section 120C (enforcement of orders in other parts of UK), in subsection (2)(a) omit “further”.</p></content></level></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-186-1"><num>(1)</num><content><p>Section 22B of the Terrorism Act 2000 (further information orders) is amended in accordance with subsections <ref href="#section-186-2">(2)</ref> to <ref href="#section-186-12">(12)</ref>.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-186-2"><num>(2)</num><content><p><mod>In the heading for “Further information” substitute <quotedText>“Information”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-186-3"><num>(3)</num><content><p><mod>In subsection (1) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-186-4"><num>(4)</num><content><p><mod>After subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><intro><p>A magistrates’ court or (in Scotland) the sheriff may, on an application made—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a magistrates’ court, by the Director General of the National Crime Agency or an authorised NCA officer, and</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of the sheriff, by a procurator fiscal,</p></content></level><wrapUp><p>make an information order if satisfied that either condition 3 or condition 4 is met.</p></wrapUp></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-186-5"><num>(5)</num><content><p><mod>In subsection (3) for “A further” substitute <quotedText>“An”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-186-6"><num>(6)</num><content><p><mod>In subsection (4) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-186-7"><num>(7)</num><content><p><mod>In subsection (5) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-186-8"><num>(8)</num><content><p><mod>After subsection (6) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e27704"><num>(6A)</num><intro><p>Condition 3 for the making of an information order is met if—</p></intro><level class="para1"><num>(a)</num><intro><p>the information would assist an authorised NCA officer to conduct—</p></intro><level class="para2"><num>(i)</num><content><p>operational analysis of information that is relevant to terrorist financing or suspected terrorist financing, or</p></content></level><level class="para2"><num>(ii)</num><content><p>strategic analysis identifying trends or patterns in the conduct of terrorist financing, or systemic deficiencies or vulnerabilities which have been, are being or are likely to be, exploited for the purposes of terrorist financing,</p></content></level><wrapUp><p>for the purposes of the criminal intelligence function of the National Crime Agency so far as it relates to terrorist financing,</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>the respondent is a person carrying on a business in the regulated sector,</p></content></level><level class="para1"><num>(c)</num><content><p>where the application for the order is made to a magistrates’ court, the person making the application has had regard to the code of practice under section 22F,</p></content></level><level class="para1"><num>(d)</num><intro><p>where the application for the order is made to the sheriff—</p></intro><level class="para2"><num>(i)</num><content><p>the application is made by a procurator fiscal at the request of the Director General of the National Crime Agency or an authorised NCA officer, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the person making that request has had regard to the code of practice under section 22F, and</p></content></level></level><level class="para1"><num>(e)</num><content><p>it is reasonable in all the circumstances for the information to be provided.</p></content></level></subsection><subsection eId="d28e27766"><num>(6B)</num><intro><p>Condition 4 for the making of an information order is met if—</p></intro><level class="para1"><num>(a)</num><content><p>a request has been made by a foreign FIU to the National Crime Agency for the provision of the information required to be given under the order,</p></content></level><level class="para1"><num>(b)</num><intro><p>an authorised NCA officer has reasonable grounds to believe that the request was made only for the purpose of assisting the foreign FIU to conduct one or both of the following—</p></intro><level class="para2"><num>(i)</num><content><p>operational analysis of information that is relevant to terrorist financing or suspected terrorist financing, or</p></content></level><level class="para2"><num>(ii)</num><content><p>strategic analysis identifying trends or patterns in the conduct of terrorist financing, or systematic deficiencies or vulnerabilities which have been, are being or are likely to be, exploited for the purposes of terrorist financing,</p></content></level><wrapUp><p>and that the information is likely to be of substantial value to the foreign FIU in carrying out such analysis,</p></wrapUp></level><level class="para1"><num>(c)</num><content><p>the provision of the information by the National Crime Agency to the foreign FIU would be for the purposes of the criminal intelligence function of the National Crime Agency, so far as it relates to terrorist financing,</p></content></level><level class="para1"><num>(d)</num><content><p>the respondent is a person carrying on a business in the regulated sector,</p></content></level><level class="para1"><num>(e)</num><content><p>where the application for the order is made to a magistrates’ court, the person making the application has had regard to the code of practice under section 22F,</p></content></level><level class="para1"><num>(f)</num><intro><p>where the application for the order is made to the sheriff—</p></intro><level class="para2"><num>(i)</num><content><p>the application is made by a procurator fiscal at the request of the Director General of the National Crime Agency or an authorised NCA officer, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the person making that request has had regard to the code of practice under section 22F, and</p></content></level></level><level class="para1"><num>(g)</num><content><p>it is reasonable in all the circumstances for the information to be provided.</p></content></level></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-186-9"><num>(9)</num><content><p><mod>In subsection (7) for “A further” substitute <quotedText>“An”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-186-10"><num>(10)</num><content><p><mod>In subsection (8) for “a further” substitute <quotedText>“an”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-186-11"><num>(11)</num><content><p><mod>In subsection (12), after “this section” insert <quotedText>“in reliance on Condition 1 or 2”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-186-12"><num>(12)</num><content><p><mod>In subsection (14), at the appropriate places, insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-authorised-nca-officer">authorised NCA officer</term>” means an officer of the National Crime Agency authorised by the Director General (whether generally or specifically) for the purposes of this section;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-the-criminal-intelligence-function">the criminal intelligence function</term>” has the meaning given by section 1(5) of the Crime and Courts Act 2013;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-foreign-fiu">foreign FIU</term>” means a body in a foreign country carrying out the functions of a financial intelligence unit within the meaning of Recommendation 29 of the Financial Action Task Force (as that Recommendation has effect from time to time);</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><intro><p>“<term refersTo="#term-terrorist-financing">terrorist financing</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>for the purposes of subsection <ref href="#d28e27704">(6A)</ref>, an act which constitutes an offence under any of sections 15 to 18;</p></content></level><level class="para1"><num>(b)</num><content><p>for the purposes of subsection <ref href="#d28e27766">(6B)</ref>, an act which constitutes a corresponding terrorist financing offence.</p></content></level></hcontainer></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-186-13"><num>(13)</num><content><p><mod>After section 22E of the Terrorism Act 2000 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>22F</num><heading>Code of practice about certain information orders</heading><subsection><num>(1)</num><intro><p>The Secretary of State must make a code of practice in connection with the exercise of the following functions by the Director General of the National Crime Agency or an authorised NCA officer—</p></intro><level class="para1"><num>(a)</num><content><p>the making of an application to the magistrates’ court for an information order under section 22B(1A) (information orders made in reliance on Condition 3 or 4 in section 22B being met);</p></content></level><level class="para1"><num>(b)</num><content><p>the making of a request to a procurator fiscal for the procurator fiscal to apply for an information order under section 22B(1A).</p></content></level></subsection><subsection><num>(2)</num><intro><p>Where the Secretary of State proposes to issue a code of practice the Secretary of State must—</p></intro><level class="para1"><num>(a)</num><content><p>publish a draft,</p></content></level><level class="para1"><num>(b)</num><content><p>consider any representations made about the draft, and</p></content></level><level class="para1"><num>(c)</num><content><p>if the Secretary of State thinks appropriate, modify the draft in the light of any such representations.</p></content></level></subsection><subsection><num>(3)</num><content><p>A requirement in paragraph (a), (b) or (c) of subsection (2) may be satisfied by the carrying out of the action required by the paragraph in question before this section comes into force.</p></content></subsection><subsection><num>(4)</num><content><p>The Secretary of State must lay a draft of the code before Parliament.</p></content></subsection><subsection><num>(5)</num><content><p>When the Secretary of State has laid a draft of the code before Parliament the Secretary of State may bring it into operation by regulations.</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State may revise the whole or any part of the code and issue the code as revised; and subsections <ref href="#section-186-2">(2)</ref> to <ref href="#section-186-5">(5)</ref> apply to a revised code as they apply to the original code.</p></content></subsection><subsection><num>(7)</num><content><p>A failure by a person to comply with a provision of the code does not of itself make the person liable to criminal or civil proceedings.</p></content></subsection><subsection><num>(8)</num><content><p>The code is admissible in evidence in criminal or civil proceedings and is to be taken into account by a court or tribunal in any case in which it appears to the court or tribunal to be relevant.</p></content></subsection><subsection><num>(9)</num><content><p>A code of practice made under this section may be combined with a code of practice under section 339ZL of the Proceeds of Crime Act 2002 (code of practice relating to certain information orders under section 339ZH of that Act).</p></content></subsection><subsection><num>(10)</num><content><p>In this section “<term refersTo="#term-authorised-nca-officer">authorised NCA officer</term>” has the meaning given in section 22B(14).</p></content></subsection></section></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-186-14"><num>(14)</num><content><p><mod>In section 123(4) of that Act (orders and regulations subject to affirmative procedure), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(aza)</num><content><p>section 22F(5);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-186-15"><num>(15)</num><intro><p>In consequence of further information orders being renamed information orders by this section, the following amendments are also made to that Act—</p></intro><level class="para1" eId="section-186-15-a"><num>(a)</num><content><p><mod>in the italic heading before section 22B for “Further information” substitute <quotedText>“Information”</quotedText>;</mod></p></content></level><level class="para1" eId="section-186-15-b"><num>(b)</num><content><p><mod>in section 22C (statements), in subsection (1) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para1" eId="section-186-15-c"><num>(c)</num><content><p><mod>in section 22D (appeals), in subsections (1) and (4)(a) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para1" eId="section-186-15-d"><num>(d)</num><intro><p>in section 22E (supplementary)—</p></intro><level class="para2" eId="section-186-15-d-i"><num>(i)</num><content><p><mod>in subsection (1) for “A further” substitute <quotedText>“An”</quotedText>;</mod></p></content></level><level class="para2" eId="section-186-15-d-ii"><num>(ii)</num><content><p><mod>in subsection (3) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para2" eId="section-186-15-d-iii"><num>(iii)</num><content><p><mod>in subsection (4) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para2" eId="section-186-15-d-iv"><num>(iv)</num><content><p>in subsection (5) omit “further”;</p></content></level></level><level class="para1" eId="section-186-15-e"><num>(e)</num><content><p>in section 120C (enforcement of orders in other parts of UK), in subsection (2)(a) omit “further”.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-186-15-a"><num>(a)</num><content><p><mod>in the italic heading before section 22B for “Further information” substitute <quotedText>“Information”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-186-15-b"><num>(b)</num><content><p><mod>in section 22C (statements), in subsection (1) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-186-15-c"><num>(c)</num><content><p><mod>in section 22D (appeals), in subsections (1) and (4)(a) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-186-15-d"><num>(d)</num><intro><p>in section 22E (supplementary)—</p></intro><level class="para2" eId="section-186-15-d-i"><num>(i)</num><content><p><mod>in subsection (1) for “A further” substitute <quotedText>“An”</quotedText>;</mod></p></content></level><level class="para2" eId="section-186-15-d-ii"><num>(ii)</num><content><p><mod>in subsection (3) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para2" eId="section-186-15-d-iii"><num>(iii)</num><content><p><mod>in subsection (4) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level><level class="para2" eId="section-186-15-d-iv"><num>(iv)</num><content><p>in subsection (5) omit “further”;</p></content></level></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-186-15-d-i"><num>(i)</num><content><p><mod>in subsection (1) for “A further” substitute <quotedText>“An”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-186-15-d-ii"><num>(ii)</num><content><p><mod>in subsection (3) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-186-15-d-iii"><num>(iii)</num><content><p><mod>in subsection (4) for “a further” substitute <quotedText>“an”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-186-15-d-iv"><num>(iv)</num><content><p>in subsection (5) omit “further”;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-186-15-e"><num>(e)</num><content><p>in section 120C (enforcement of orders in other parts of UK), in subsection (2)(a) omit “further”.</p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-187"><num>187</num><heading>Enhanced due diligence: designation of high-risk countries</heading><subsection eId="section-187-1"><num>(1)</num><content><p>The Sanctions and Anti-Money Laundering Act 2018 is amended as follows.</p></content></subsection><subsection eId="section-187-2"><num>(2)</num><intro><p>In Schedule 2 (money laundering and terrorist financing etc)—</p></intro><level class="para1" eId="section-187-2-a"><num>(a)</num><intro><p>in paragraph 4—</p></intro><level class="para2" eId="section-187-2-a-i"><num>(i)</num><content><p>the existing text becomes sub-paragraph (1);</p></content></level><level class="para2" eId="section-187-2-a-ii"><num>(ii)</num><content><p><mod>after sub-paragraph (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2)</num><content><p>Provide for the imposition of requirements relating to enhanced customer due diligence measures by reference to prescribed high-risk countries.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>Provision made by virtue of sub-paragraph (2) may in particular refer to a list of countries published by the Financial Action Task Force as it has effect from time to time.</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="section-187-2-b"><num>(b)</num><content><p><mod>in paragraph 23, after sub-paragraph (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2A)</num><content><p>In paragraph 4 (measures in relation to customers of relevant persons), the reference in sub-paragraph (2) to requirements includes requirements imposed by or under the Money Laundering Regulations 2017.</p></content></subparagraph></quotedStructure></mod></p></content></level></subsection><subsection eId="section-187-3"><num>(3)</num><intro><p>In section 55 (parliamentary procedure for regulations)—</p></intro><level class="para1" eId="section-187-3-a"><num>(a)</num><content><p><mod>in subsection (2), for the first “which” substitute <quotedText>“made during the period of 6 months beginning with the day on which the Economic Crime and Corporate Transparency Act 2023 is passed if the instrument”</quotedText>;</mod></p></content></level><level class="para1" eId="section-187-3-b"><num>(b)</num><content><p><mod>in subsection (9), for the words from “if” to the end substitute <quotedText>“if they only make provision prescribing high-risk countries by virtue of paragraph 4(2) of Schedule 2”</quotedText>.</mod></p></content></level></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-187-1"><num>(1)</num><content><p>The Sanctions and Anti-Money Laundering Act 2018 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-187-2"><num>(2)</num><intro><p>In Schedule 2 (money laundering and terrorist financing etc)—</p></intro><level class="para1" eId="section-187-2-a"><num>(a)</num><intro><p>in paragraph 4—</p></intro><level class="para2" eId="section-187-2-a-i"><num>(i)</num><content><p>the existing text becomes sub-paragraph (1);</p></content></level><level class="para2" eId="section-187-2-a-ii"><num>(ii)</num><content><p><mod>after sub-paragraph (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2)</num><content><p>Provide for the imposition of requirements relating to enhanced customer due diligence measures by reference to prescribed high-risk countries.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>Provision made by virtue of sub-paragraph (2) may in particular refer to a list of countries published by the Financial Action Task Force as it has effect from time to time.</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="section-187-2-b"><num>(b)</num><content><p><mod>in paragraph 23, after sub-paragraph (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2A)</num><content><p>In paragraph 4 (measures in relation to customers of relevant persons), the reference in sub-paragraph (2) to requirements includes requirements imposed by or under the Money Laundering Regulations 2017.</p></content></subparagraph></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-187-2-a"><num>(a)</num><intro><p>in paragraph 4—</p></intro><level class="para2" eId="section-187-2-a-i"><num>(i)</num><content><p>the existing text becomes sub-paragraph (1);</p></content></level><level class="para2" eId="section-187-2-a-ii"><num>(ii)</num><content><p><mod>after sub-paragraph (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2)</num><content><p>Provide for the imposition of requirements relating to enhanced customer due diligence measures by reference to prescribed high-risk countries.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>Provision made by virtue of sub-paragraph (2) may in particular refer to a list of countries published by the Financial Action Task Force as it has effect from time to time.</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-187-2-a-i"><num>(i)</num><content><p>the existing text becomes sub-paragraph (1);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="section-187-2-a-ii"><num>(ii)</num><content><p><mod>after sub-paragraph (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2)</num><content><p>Provide for the imposition of requirements relating to enhanced customer due diligence measures by reference to prescribed high-risk countries.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>Provision made by virtue of sub-paragraph (2) may in particular refer to a list of countries published by the Financial Action Task Force as it has effect from time to time.</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-187-2-b"><num>(b)</num><content><p><mod>in paragraph 23, after sub-paragraph (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2A)</num><content><p>In paragraph 4 (measures in relation to customers of relevant persons), the reference in sub-paragraph (2) to requirements includes requirements imposed by or under the Money Laundering Regulations 2017.</p></content></subparagraph></quotedStructure></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-187-3"><num>(3)</num><intro><p>In section 55 (parliamentary procedure for regulations)—</p></intro><level class="para1" eId="section-187-3-a"><num>(a)</num><content><p><mod>in subsection (2), for the first “which” substitute <quotedText>“made during the period of 6 months beginning with the day on which the Economic Crime and Corporate Transparency Act 2023 is passed if the instrument”</quotedText>;</mod></p></content></level><level class="para1" eId="section-187-3-b"><num>(b)</num><content><p><mod>in subsection (9), for the words from “if” to the end substitute <quotedText>“if they only make provision prescribing high-risk countries by virtue of paragraph 4(2) of Schedule 2”</quotedText>.</mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-187-3-a"><num>(a)</num><content><p><mod>in subsection (2), for the first “which” substitute <quotedText>“made during the period of 6 months beginning with the day on which the Economic Crime and Corporate Transparency Act 2023 is passed if the instrument”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-187-3-b"><num>(b)</num><content><p><mod>in subsection (9), for the words from “if” to the end substitute <quotedText>“if they only make provision prescribing high-risk countries by virtue of paragraph 4(2) of Schedule 2”</quotedText>.</mod></p></content></level>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-disclosures-to-prevent-detect-or-investigate-economic-crime-etc"><heading>Disclosures to prevent, detect or investigate economic crime etc</heading><section eId="section-188"><num>188</num><heading>Direct disclosures of information: restrictions on civil liability</heading><subsection eId="section-188-1"><num>(1)</num><intro><p>The protections set out in subsection (2) apply in relation to a disclosure made by a person (“<term refersTo="#term-a" eId="term-a">A</term>”) to another person (“<term refersTo="#term-b" eId="term-b">B</term>”) if—</p></intro><level class="para1" eId="section-188-1-a"><num>(a)</num><content><p>A is carrying on business in circumstances where subsection <ref href="#section-188-3">(3)</ref> applies,</p></content></level><level class="para1" eId="section-188-1-b"><num>(b)</num><content><p>B is also carrying on business in circumstances where that subsection applies,</p></content></level><level class="para1" eId="section-188-1-c"><num>(c)</num><content><p>the information relates to a person who is a customer or former customer of A (“<term refersTo="#term-the-customer" eId="term-the-customer">the customer</term>”),</p></content></level><level class="para1" eId="section-188-1-d"><num>(d)</num><content><p>either the request condition or the warning condition is met,</p></content></level><level class="para1" eId="section-188-1-e"><num>(e)</num><content><p>A is satisfied that the disclosure of the information will or may assist B in carrying out relevant actions of B, and</p></content></level><level class="para1" eId="section-188-1-f"><num>(f)</num><content><p>the disclosure is not a privileged disclosure.</p></content></level></subsection><subsection eId="section-188-2"><num>(2)</num><intro><p>The protections are that, subject to subsection (11), the disclosure does not—</p></intro><level class="para1" eId="section-188-2-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by A, or</p></content></level><level class="para1" eId="section-188-2-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of A, to the person to whom the disclosed information relates.</p></content></level></subsection><subsection eId="section-188-3"><num>(3)</num><intro><p>This subsection applies—</p></intro><level class="para1" eId="section-188-3-a"><num>(a)</num><content><p>where the business carried on is business in the regulated sector, and</p></content></level><level class="para1" eId="section-188-3-b"><num>(b)</num><content><p>in circumstances prescribed, in relation to the business or the person carrying it on, by regulations made by the Secretary of State for the purposes of this paragraph.</p></content></level></subsection><subsection eId="section-188-4"><num>(4)</num><intro><p>The request condition is that—</p></intro><level class="para1" eId="section-188-4-a"><num>(a)</num><content><p>the disclosure is made in response to a request made by B, and</p></content></level><level class="para1" eId="section-188-4-b"><num>(b)</num><content><p>at the time the request is made, B has reason to believe that A holds information relating to the customer the disclosure of which will or may assist B in carrying out relevant actions of B.</p></content></level></subsection><subsection eId="section-188-5"><num>(5)</num><content><p>The warning condition is that A, due to concerns about risks of economic crime, has decided to take safeguarding action (or would have decided to take such action but for the customer having ceased to be a customer of A).</p></content></subsection><subsection eId="section-188-6"><num>(6)</num><intro><p>For the purposes of subsection <ref href="#section-188-5">(5)</ref>, “<term refersTo="#term-safeguarding-action" eId="term-safeguarding-action">safeguarding action</term>” means—</p></intro><level class="para1" eId="section-188-6-a"><num>(a)</num><content><p>terminating a business relationship with the customer,</p></content></level><level class="para1" eId="section-188-6-b"><num>(b)</num><content><p>refusing the customer a product or service, or</p></content></level><level class="para1" eId="section-188-6-c"><num>(c)</num><content><p>restricting the customer’s access to elements of a product or service available to other customers of A.</p></content></level></subsection><subsection eId="section-188-7"><num>(7)</num><content><p>Where a disclosure is made to which subsection <ref href="#section-188-1">(1)</ref> applies, B’s use of the disclosed information, for the purposes of any of B’s relevant actions, does not breach any obligation of confidence owed by B.</p></content></subsection><subsection eId="section-188-8"><num>(8)</num><intro><p>The protections set out in subsection (9) apply in relation to a disclosure made by a person (“<term refersTo="#term-r" eId="term-r">R</term>”) who is carrying on business in circumstances where subsection <ref href="#section-188-3">(3)</ref> applies to another person for the purpose of making a disclosure request if R has reason to believe that other person—</p></intro><level class="para1" eId="section-188-8-a"><num>(a)</num><content><p>is carrying on business in circumstances where subsection <ref href="#section-188-3">(3)</ref> applies, and</p></content></level><level class="para1" eId="section-188-8-b"><num>(b)</num><content><p>has in their possession information about a customer or former customer of theirs that will or may assist R to carry out any of R’s relevant actions.</p></content></level></subsection><subsection eId="section-188-9"><num>(9)</num><intro><p>The protections are that, subject to subsection (11), the disclosure does not—</p></intro><level class="para1" eId="section-188-9-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by R, or</p></content></level><level class="para1" eId="section-188-9-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of R, to the person to whom the disclosed information relates.</p></content></level></subsection><subsection eId="section-188-10"><num>(10)</num><intro><p>Where a disclosure is made to which subsection <ref href="#section-188-8">(8)</ref> applies, the use by that other person of the disclosed information, for the purposes of enabling a disclosure to be made by them to which subsection <ref href="#section-188-1">(1)</ref> applies, does not—</p></intro><level class="para1" eId="section-188-10-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by them, or</p></content></level><level class="para1" eId="section-188-10-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of R, to the person to whom the disclosed information relates.</p></content></level><wrapUp><p>This is subject to subsection (11).</p></wrapUp></subsection><subsection eId="section-188-11"><num>(11)</num><content><p>Nothing in this section requires or authorises a disclosure of information that would contravene, or prevents any civil liability arising under, the data protection legislation.</p></content></subsection></section><section eId="section-189"><num>189</num><heading>Indirect disclosure of information: restrictions on civil liability</heading><subsection eId="section-189-1"><num>(1)</num><intro><p>The protections set out in subsection (2) apply in relation to a disclosure made by a person (“<term refersTo="#term-a" eId="term-a">A</term>”) to another person (“<term refersTo="#term-b" eId="term-b">B</term>”) if—</p></intro><level class="para1" eId="section-189-1-a"><num>(a)</num><content><p>A is carrying on business in circumstances where subsection (3) applies,</p></content></level><level class="para1" eId="section-189-1-b"><num>(b)</num><content><p>the information relates to a person who is a customer or former customer of A (“<term refersTo="#term-the-customer" eId="term-the-customer">the customer</term>”),</p></content></level><level class="para1" eId="section-189-1-c"><num>(c)</num><intro><p>due to concerns about the risk of economic crime, A has decided to—</p></intro><level class="para2" eId="section-189-1-c-i"><num>(i)</num><content><p>terminate a business relationship with the customer,</p></content></level><level class="para2" eId="section-189-1-c-ii"><num>(ii)</num><content><p>refuse the customer a product or service, or</p></content></level><level class="para2" eId="section-189-1-c-iii"><num>(iii)</num><content><p>restrict the customer’s access to elements of a product or service which are available to other customers,</p></content></level></level><level class="para1" eId="section-189-1-d"><num>(d)</num><content><p>A is satisfied that the information disclosed to B, if it is disclosed by B to one or more persons carrying on business in circumstances where subsection (3) applies, will or may assist those persons in carrying out their relevant actions,</p></content></level><level class="para1" eId="section-189-1-e"><num>(e)</num><content><p>to the extent that the information is personal data, the UK GDPR applies to the disclosure of the information by A,</p></content></level><level class="para1" eId="section-189-1-f"><num>(f)</num><content><p>A and B are parties to an agreement the terms of which provide that, to the extent that the information is personal data, B will only disclose or otherwise process it in circumstances where the UK GDPR applies to the disclosure or other processing, and</p></content></level><level class="para1" eId="section-189-1-g"><num>(g)</num><content><p>the disclosure is not a privileged disclosure.</p></content></level></subsection><subsection eId="section-189-2"><num>(2)</num><intro><p>The protections are that, subject to subsection (10), the disclosure does not—</p></intro><level class="para1" eId="section-189-2-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by A, or</p></content></level><level class="para1" eId="section-189-2-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of A, to the person to whom the disclosed information relates.</p></content></level></subsection><subsection eId="section-189-3"><num>(3)</num><intro><p>This subsection applies—</p></intro><level class="para1" eId="section-189-3-a"><num>(a)</num><intro><p>where the business carried on is business in the regulated sector as—</p></intro><level class="para2" eId="section-189-3-a-i"><num>(i)</num><content><p>a deposit-taking body,</p></content></level><level class="para2" eId="section-189-3-a-ii"><num>(ii)</num><content><p>an electronic money institution,</p></content></level><level class="para2" eId="section-189-3-a-iii"><num>(iii)</num><content><p>a payment institution,</p></content></level><level class="para2" eId="section-189-3-a-iv"><num>(iv)</num><content><p>a cryptoasset exchange provider, or</p></content></level><level class="para2" eId="section-189-3-a-v"><num>(v)</num><content><p>a custodian wallet provider,</p></content></level></level><level class="para1" eId="section-189-3-b"><num>(b)</num><intro><p>where—</p></intro><level class="para2" eId="section-189-3-b-i"><num>(i)</num><content><p>the business carried on is business in the regulated sector within paragraph 1(1)(j) to (n) of Schedule 9 to the Proceeds of Crime Act 2002 (audit, insolvency, accountancy, tax or legal services), and</p></content></level><level class="para2" eId="section-189-3-b-ii"><num>(ii)</num><content><p>the UK revenue of the person carrying on the business is <ins class="substitution first last" ukl:ChangeId="M_F_f4c0d387-99fb-47db-cf6b-a7962fca8fab-1776239750793" ukl:CommentaryRef="M_F_f4c0d387-99fb-47db-cf6b-a7962fca8fab"><noteRef uk:name="commentary" href="#M_F_f4c0d387-99fb-47db-cf6b-a7962fca8fab" class="commentary"/>in any of bands B to D</ins> for the relevant financial year (see subsection (11)), and</p></content></level></level><level class="para1" eId="section-189-3-c"><num>(c)</num><content><p>in circumstances prescribed, in relation to the business or the person carrying it on, by regulations made by the Secretary of State for the purposes of this paragraph.</p></content></level></subsection><subsection eId="section-189-4"><num>(4)</num><intro><p>Where subsection (1) applies to a disclosure of information made by A to B, the protections set out in subsection (5) apply in relation to a further disclosure of that information made by B to another person (“<term refersTo="#term-c" eId="term-c">C</term>”) if—</p></intro><level class="para1" eId="section-189-4-a"><num>(a)</num><content><p>C is carrying on business in circumstances where subsection (3) applies, and</p></content></level><level class="para1" eId="section-189-4-b"><num>(b)</num><content><p>to the extent that the information is personal data, the UK GDPR applies to all processing of the information by B, up to and including the disclosure of the information to C.</p></content></level></subsection><subsection eId="section-189-5"><num>(5)</num><intro><p>The protections are that, subject to subsection (10), the disclosure does not—</p></intro><level class="para1" eId="section-189-5-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by B, or</p></content></level><level class="para1" eId="section-189-5-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of B, to the person to whom the disclosed information relates.</p></content></level></subsection><subsection eId="section-189-6"><num>(6)</num><content><p>Where a disclosure is made to which subsection (4) applies, C’s use of the disclosed information, for the purposes of any of C’s relevant actions, does not breach any obligation of confidence owed by C.</p></content></subsection><subsection eId="section-189-7"><num>(7)</num><content><p>The protections set out in subsection (8) apply in relation to a disclosure made by a person (“<term refersTo="#term-r" eId="term-r">R</term>”), who is carrying on business in circumstances where subsection (3) applies, to another person, for the purposes of making a request for a disclosure of information to be made to R by that other person if, at the time the request is made, R has reason to believe that the disclosure of information to which the request relates would be one to which subsection (4) applies.</p></content></subsection><subsection eId="section-189-8"><num>(8)</num><intro><p>The protections are that, subject to subsection (10), the disclosure does not—</p></intro><level class="para1" eId="section-189-8-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by R, or</p></content></level><level class="para1" eId="section-189-8-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of R, to the person to whom the disclosed information relates.</p></content></level></subsection><subsection eId="section-189-9"><num>(9)</num><intro><p>Where a disclosure is made to which subsection (7) applies, the use by that other person, of the disclosed information, for the purposes of enabling a disclosure to be made by them to which subsection (4) applies, does not—</p></intro><level class="para1" eId="section-189-9-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by them, or</p></content></level><level class="para1" eId="section-189-9-b"><num>(b)</num><content><p>give rise to any civil liability, on their part, to the person to whom the disclosed information relates.</p></content></level><wrapUp><p>This is subject to subsection (10).</p></wrapUp></subsection><subsection eId="section-189-10"><num>(10)</num><content><p>Nothing in this section authorises a disclosure of information that would contravene, or prevents any civil liability arising under, the data protection legislation.</p></content></subsection><subsection eId="section-189-11"><num>(11)</num><intro><p>In subsection (3)(b) “relevant financial year”—</p></intro><level class="para1" eId="section-189-11-a"><num>(a)</num><content><p>for the purposes of subsection (1)(a), means the financial year immediately preceding that in which the disclosure by A is made;</p></content></level><level class="para1" eId="section-189-11-b"><num>(b)</num><content><p>for the purposes of subsection (4)(a), means the financial year immediately preceding that in which the disclosure to C is made.</p></content></level><wrapUp><p>And, for the purposes of subsection (3)(b), the question of whether a person’s UK revenue is <ins class="substitution first last" ukl:ChangeId="M_F_32e291c7-c2d0-4c4b-fe22-fbe22b8241d1-1776239882127" ukl:CommentaryRef="M_F_32e291c7-c2d0-4c4b-fe22-fbe22b8241d1"><noteRef uk:name="commentary" href="#M_F_32e291c7-c2d0-4c4b-fe22-fbe22b8241d1" class="commentary"/>in any of bands B to D</ins> for a particular financial year is to be determined in accordance with sections 55 to 57 of the Finance Act 2022 (calculation of UK revenue for the economic crime (anti-money laundering) levy).</p></wrapUp></subsection></section><section eId="section-190"><num>190</num><heading>Meaning of “privileged disclosure”</heading><subsection eId="section-190-1"><num>(1)</num><content><p>For the purposes of sections 188 and 189, “<term refersTo="#term-privileged-disclosure" eId="term-privileged-disclosure">privileged disclosure</term>” means a disclosure of information made by a professional legal adviser or relevant professional adviser in circumstances where the information disclosed came to the adviser in privileged circumstances.</p></content></subsection><subsection eId="section-190-2"><num>(2)</num><intro><p>Information comes to a professional legal adviser or relevant professional adviser in privileged circumstances if it is communicated or given to the adviser—</p></intro><level class="para1" eId="section-190-2-a"><num>(a)</num><content><p>by (or by a representative of) a client of the adviser in connection with the giving by that person of legal advice to the client,</p></content></level><level class="para1" eId="section-190-2-b"><num>(b)</num><content><p>by (or by a representative of) a person seeking legal advice from the adviser, or</p></content></level><level class="para1" eId="section-190-2-c"><num>(c)</num><content><p>by a person in connection with legal proceedings or contemplated legal proceedings.</p></content></level></subsection><subsection eId="section-190-3"><num>(3)</num><intro><p>For the purposes of this section a “<term refersTo="#term-relevant-professional-adviser" eId="term-relevant-professional-adviser">relevant professional adviser</term>” means an accountant, auditor or tax adviser who is a member of a professional body which is established for accountants, auditors or tax advisers (as the case may be) and which makes provision for—</p></intro><level class="para1" eId="section-190-3-a"><num>(a)</num><content><p>testing the competence of those seeking admission to membership of such a body as a condition for such admission, and</p></content></level><level class="para1" eId="section-190-3-b"><num>(b)</num><content><p>imposing and maintaining professional and ethical standards for its members, as well as imposing sanctions for non-compliance with those standards.</p></content></level></subsection></section><section eId="section-191"><num>191</num><heading>Meaning of “relevant actions”</heading><intro><p>In sections 188 and 189, “relevant actions”, of a person, means the actions of—</p></intro><level class="para1" eId="section-191-a"><num>(a)</num><intro><p>determining, for the purposes of preventing, detecting or investigating economic crime—</p></intro><level class="para2" eId="section-191-a-i"><num>(i)</num><content><p>whether it is appropriate to apply any customer due diligence measures, or any similar measures, in respect of a customer or proposed customer of the person;</p></content></level><level class="para2" eId="section-191-a-ii"><num>(ii)</num><content><p>the nature or extent of the measures;</p></content></level></level><level class="para1" eId="section-191-b"><num>(b)</num><intro><p>carrying out, for such purposes—</p></intro><level class="para2" eId="section-191-b-i"><num>(i)</num><content><p>effective measures for identifying or verifying the identity of, or</p></content></level><level class="para2" eId="section-191-b-ii"><num>(ii)</num><content><p>any other customer due diligence measures in respect of,</p></content></level><wrapUp><p>a customer or proposed customer of the person;</p></wrapUp></level><level class="para1" eId="section-191-c"><num>(c)</num><intro><p>determining, for such purposes, whether it is appropriate to—</p></intro><level class="para2" eId="section-191-c-i"><num>(i)</num><content><p>terminate an existing business relationship with a customer or proposed customer of the person;</p></content></level><level class="para2" eId="section-191-c-ii"><num>(ii)</num><content><p>decline to establish a new business relationship with such a customer;</p></content></level><level class="para2" eId="section-191-c-iii"><num>(iii)</num><content><p>decline to provide a product or service to such a customer;</p></content></level><level class="para2" eId="section-191-c-iv"><num>(iv)</num><content><p>restrict the access of such a customer to an existing product or service which is normally available to other customers;</p></content></level><level class="para2" eId="section-191-c-v"><num>(v)</num><content><p>decline to carry out a transaction for such a customer.</p></content></level></level></section><section eId="section-192"><num>192</num><heading>Meaning of “business relationship”</heading><subsection eId="section-192-1"><num>(1)</num><intro><p>In sections 188 to 191, “<term refersTo="#term-business-relationship" eId="term-business-relationship">business relationship</term>” means a business, professional or commercial relationship between a person carrying on relevant business and a customer or client which—</p></intro><level class="para1" eId="section-192-1-a"><num>(a)</num><content><p>arises out of the business of the person, and</p></content></level><level class="para1" eId="section-192-1-b"><num>(b)</num><content><p>has, or is expected by the person (at the time when contact is established) to have, an element of duration.</p></content></level></subsection><subsection eId="section-192-2"><num>(2)</num><intro><p>In subsection (1) “<term refersTo="#term-relevant-business" eId="term-relevant-business">relevant business</term>” means—</p></intro><level class="para1" eId="section-192-2-a"><num>(a)</num><content><p>in the case of section 188 (and section 191 as it applies for the purposes of that section), business within section 188(3);</p></content></level><level class="para1" eId="section-192-2-b"><num>(b)</num><content><p>in the case of section 189 (and section 191 as it applies for the purposes of that section), business within section 189(3).</p></content></level></subsection></section><section eId="section-193"><num>193</num><heading>Other defined terms in sections 188 to 191</heading><subsection eId="section-193-1"><num>(1)</num><intro><p>In sections 188 to 191—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset-exchange-provider" eId="term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” has the meaning given by paragraph 1(12)(a) of Schedule 9 to the Proceeds of Crime Act 2002;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-custodial-wallet-provider" eId="term-custodial-wallet-provider">custodial wallet provider</term>” has the meaning given by paragraph 1(12)(b) of Schedule 9 to the Proceeds of Crime Act 2002;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-customer-due-diligence-measures" eId="term-customer-due-diligence-measures">customer due diligence measures</term>” has the meaning given by regulation 3(1) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (<ref eId="c00025" href="http://www.legislation.gov.uk/id/uksi/2017/692">S.I. 2017/692</ref>);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-data-protection-legislation" eId="term-the-data-protection-legislation">the data protection legislation</term>” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-deposit-taking-body" eId="term-deposit-taking-body">deposit-taking body</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a business which engages in the activity of accepting deposits, or</p></content></level><level class="para1"><num>(b)</num><content><p>the National Savings Bank;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-economic-crime" eId="term-economic-crime">economic crime</term>” means an act which—</p></intro><level class="para1"><num>(a)</num><content><p>constitutes an offence listed in Schedule 11 (“a listed offence”),</p></content></level><level class="para1"><num>(b)</num><content><p>constitutes an attempt or conspiracy to commit a listed offence,</p></content></level><level class="para1"><num>(c)</num><content><p>constitutes an offence—</p><blockList class="ordered roman parens" ukl:Name="OrderedList" ukl:Type="roman" ukl:Decoration="parens"><item><num>(i)</num><p>under Part 2 of the Serious Crime Act 2007 (England and Wales and Northern Ireland: encouraging or assisting crime) in relation to a listed offence, or</p></item><item><num>(ii)</num><p>under the law of Scotland of inciting the commission of a listed offence,</p></item></blockList></content></level><level class="para1"><num>(d)</num><content><p>constitutes aiding, abetting, counselling or procuring the commission of a listed offence, or</p></content></level><level class="para1"><num>(e)</num><content><p>would constitute a listed offence or an offence specified in paragraph (b), (c) or (d) if done in the United Kingdom;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-electronic-money-institution" eId="term-electronic-money-institution">electronic money institution</term>” has the same meaning as in the Electronic Money Regulations 2011 (<ref eId="c00026" href="http://www.legislation.gov.uk/id/uksi/2011/99">S.I. 2011/99</ref>) (see regulation 2 of those Regulations);</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-enactment" eId="term-enactment">enactment</term>” includes—</p></intro><level class="para1"><num>(a)</num><content><p>an enactment contained in subordinate legislation (as defined in section 21 of the Interpretation Act 1978);</p></content></level><level class="para1"><num>(b)</num><content><p>an enactment contained in, or in an instrument made under, a Measure or Act of Senedd Cymru;</p></content></level><level class="para1"><num>(c)</num><content><p>an enactment contained in, or in an instrument made under, an Act of the Scottish Parliament;</p></content></level><level class="para1"><num>(d)</num><content><p>an enactment contained in, or in an instrument made under, Northern Ireland legislation;</p></content></level><level class="para1"><num>(e)</num><content><p>any retained direct EU legislation;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-financial-year" eId="term-financial-year">financial year</term>” means a period of 12 months ending with 31 March;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-payment-institution" eId="term-payment-institution">payment institution</term>” means an authorised payment institution or small payment institution (each as defined in regulation 2 of the Payment Services Regulations 2017 (<ref eId="c00027" href="http://www.legislation.gov.uk/id/uksi/2017/752">S.I. 2017/752</ref>));</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-personal-data" eId="term-personal-data">personal data</term>” and “<term refersTo="#term-processing" eId="term-processing">processing</term>” have the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“regulated sector”: see subsection <ref href="#section-193-2">(2)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-uk-gdpr" eId="term-the-uk-gdpr">the UK GDPR</term>” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act).</p></content></hcontainer></subsection><subsection eId="section-193-2"><num>(2)</num><content><p>Part 1 of Schedule 9 to the Proceeds of Crime Act 2002 has effect for the purpose of determining what is a business in the regulated sector.</p></content></subsection><subsection eId="section-193-3"><num>(3)</num><content><p>The Secretary of State may, by regulations, add an offence to or remove an offence from the list in Schedule 11.</p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-188"><num>188</num><heading>Direct disclosures of information: restrictions on civil liability</heading><subsection eId="section-188-1"><num>(1)</num><intro><p>The protections set out in subsection (2) apply in relation to a disclosure made by a person (“<term refersTo="#term-a" eId="term-a">A</term>”) to another person (“<term refersTo="#term-b" eId="term-b">B</term>”) if—</p></intro><level class="para1" eId="section-188-1-a"><num>(a)</num><content><p>A is carrying on business in circumstances where subsection <ref href="#section-188-3">(3)</ref> applies,</p></content></level><level class="para1" eId="section-188-1-b"><num>(b)</num><content><p>B is also carrying on business in circumstances where that subsection applies,</p></content></level><level class="para1" eId="section-188-1-c"><num>(c)</num><content><p>the information relates to a person who is a customer or former customer of A (“<term refersTo="#term-the-customer" eId="term-the-customer">the customer</term>”),</p></content></level><level class="para1" eId="section-188-1-d"><num>(d)</num><content><p>either the request condition or the warning condition is met,</p></content></level><level class="para1" eId="section-188-1-e"><num>(e)</num><content><p>A is satisfied that the disclosure of the information will or may assist B in carrying out relevant actions of B, and</p></content></level><level class="para1" eId="section-188-1-f"><num>(f)</num><content><p>the disclosure is not a privileged disclosure.</p></content></level></subsection><subsection eId="section-188-2"><num>(2)</num><intro><p>The protections are that, subject to subsection (11), the disclosure does not—</p></intro><level class="para1" eId="section-188-2-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by A, or</p></content></level><level class="para1" eId="section-188-2-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of A, to the person to whom the disclosed information relates.</p></content></level></subsection><subsection eId="section-188-3"><num>(3)</num><intro><p>This subsection applies—</p></intro><level class="para1" eId="section-188-3-a"><num>(a)</num><content><p>where the business carried on is business in the regulated sector, and</p></content></level><level class="para1" eId="section-188-3-b"><num>(b)</num><content><p>in circumstances prescribed, in relation to the business or the person carrying it on, by regulations made by the Secretary of State for the purposes of this paragraph.</p></content></level></subsection><subsection eId="section-188-4"><num>(4)</num><intro><p>The request condition is that—</p></intro><level class="para1" eId="section-188-4-a"><num>(a)</num><content><p>the disclosure is made in response to a request made by B, and</p></content></level><level class="para1" eId="section-188-4-b"><num>(b)</num><content><p>at the time the request is made, B has reason to believe that A holds information relating to the customer the disclosure of which will or may assist B in carrying out relevant actions of B.</p></content></level></subsection><subsection eId="section-188-5"><num>(5)</num><content><p>The warning condition is that A, due to concerns about risks of economic crime, has decided to take safeguarding action (or would have decided to take such action but for the customer having ceased to be a customer of A).</p></content></subsection><subsection eId="section-188-6"><num>(6)</num><intro><p>For the purposes of subsection <ref href="#section-188-5">(5)</ref>, “<term refersTo="#term-safeguarding-action" eId="term-safeguarding-action">safeguarding action</term>” means—</p></intro><level class="para1" eId="section-188-6-a"><num>(a)</num><content><p>terminating a business relationship with the customer,</p></content></level><level class="para1" eId="section-188-6-b"><num>(b)</num><content><p>refusing the customer a product or service, or</p></content></level><level class="para1" eId="section-188-6-c"><num>(c)</num><content><p>restricting the customer’s access to elements of a product or service available to other customers of A.</p></content></level></subsection><subsection eId="section-188-7"><num>(7)</num><content><p>Where a disclosure is made to which subsection <ref href="#section-188-1">(1)</ref> applies, B’s use of the disclosed information, for the purposes of any of B’s relevant actions, does not breach any obligation of confidence owed by B.</p></content></subsection><subsection eId="section-188-8"><num>(8)</num><intro><p>The protections set out in subsection (9) apply in relation to a disclosure made by a person (“<term refersTo="#term-r" eId="term-r">R</term>”) who is carrying on business in circumstances where subsection <ref href="#section-188-3">(3)</ref> applies to another person for the purpose of making a disclosure request if R has reason to believe that other person—</p></intro><level class="para1" eId="section-188-8-a"><num>(a)</num><content><p>is carrying on business in circumstances where subsection <ref href="#section-188-3">(3)</ref> applies, and</p></content></level><level class="para1" eId="section-188-8-b"><num>(b)</num><content><p>has in their possession information about a customer or former customer of theirs that will or may assist R to carry out any of R’s relevant actions.</p></content></level></subsection><subsection eId="section-188-9"><num>(9)</num><intro><p>The protections are that, subject to subsection (11), the disclosure does not—</p></intro><level class="para1" eId="section-188-9-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by R, or</p></content></level><level class="para1" eId="section-188-9-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of R, to the person to whom the disclosed information relates.</p></content></level></subsection><subsection eId="section-188-10"><num>(10)</num><intro><p>Where a disclosure is made to which subsection <ref href="#section-188-8">(8)</ref> applies, the use by that other person of the disclosed information, for the purposes of enabling a disclosure to be made by them to which subsection <ref href="#section-188-1">(1)</ref> applies, does not—</p></intro><level class="para1" eId="section-188-10-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by them, or</p></content></level><level class="para1" eId="section-188-10-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of R, to the person to whom the disclosed information relates.</p></content></level><wrapUp><p>This is subject to subsection (11).</p></wrapUp></subsection><subsection eId="section-188-11"><num>(11)</num><content><p>Nothing in this section requires or authorises a disclosure of information that would contravene, or prevents any civil liability arising under, the data protection legislation.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-188-1"><num>(1)</num><intro><p>The protections set out in subsection (2) apply in relation to a disclosure made by a person (“<term refersTo="#term-a" eId="term-a">A</term>”) to another person (“<term refersTo="#term-b" eId="term-b">B</term>”) if—</p></intro><level class="para1" eId="section-188-1-a"><num>(a)</num><content><p>A is carrying on business in circumstances where subsection <ref href="#section-188-3">(3)</ref> applies,</p></content></level><level class="para1" eId="section-188-1-b"><num>(b)</num><content><p>B is also carrying on business in circumstances where that subsection applies,</p></content></level><level class="para1" eId="section-188-1-c"><num>(c)</num><content><p>the information relates to a person who is a customer or former customer of A (“<term refersTo="#term-the-customer" eId="term-the-customer">the customer</term>”),</p></content></level><level class="para1" eId="section-188-1-d"><num>(d)</num><content><p>either the request condition or the warning condition is met,</p></content></level><level class="para1" eId="section-188-1-e"><num>(e)</num><content><p>A is satisfied that the disclosure of the information will or may assist B in carrying out relevant actions of B, and</p></content></level><level class="para1" eId="section-188-1-f"><num>(f)</num><content><p>the disclosure is not a privileged disclosure.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-188-1-a"><num>(a)</num><content><p>A is carrying on business in circumstances where subsection <ref href="#section-188-3">(3)</ref> applies,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-188-1-b"><num>(b)</num><content><p>B is also carrying on business in circumstances where that subsection applies,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-188-1-c"><num>(c)</num><content><p>the information relates to a person who is a customer or former customer of A (“<term refersTo="#term-the-customer" eId="term-the-customer">the customer</term>”),</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-188-1-d"><num>(d)</num><content><p>either the request condition or the warning condition is met,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-188-1-e"><num>(e)</num><content><p>A is satisfied that the disclosure of the information will or may assist B in carrying out relevant actions of B, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-188-1-f"><num>(f)</num><content><p>the disclosure is not a privileged disclosure.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-188-2"><num>(2)</num><intro><p>The protections are that, subject to subsection (11), the disclosure does not—</p></intro><level class="para1" eId="section-188-2-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by A, or</p></content></level><level class="para1" eId="section-188-2-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of A, to the person to whom the disclosed information relates.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-188-2-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by A, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-188-2-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of A, to the person to whom the disclosed information relates.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-188-3"><num>(3)</num><intro><p>This subsection applies—</p></intro><level class="para1" eId="section-188-3-a"><num>(a)</num><content><p>where the business carried on is business in the regulated sector, and</p></content></level><level class="para1" eId="section-188-3-b"><num>(b)</num><content><p>in circumstances prescribed, in relation to the business or the person carrying it on, by regulations made by the Secretary of State for the purposes of this paragraph.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-188-3-a"><num>(a)</num><content><p>where the business carried on is business in the regulated sector, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-188-3-b"><num>(b)</num><content><p>in circumstances prescribed, in relation to the business or the person carrying it on, by regulations made by the Secretary of State for the purposes of this paragraph.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-188-4"><num>(4)</num><intro><p>The request condition is that—</p></intro><level class="para1" eId="section-188-4-a"><num>(a)</num><content><p>the disclosure is made in response to a request made by B, and</p></content></level><level class="para1" eId="section-188-4-b"><num>(b)</num><content><p>at the time the request is made, B has reason to believe that A holds information relating to the customer the disclosure of which will or may assist B in carrying out relevant actions of B.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-188-4-a"><num>(a)</num><content><p>the disclosure is made in response to a request made by B, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-188-4-b"><num>(b)</num><content><p>at the time the request is made, B has reason to believe that A holds information relating to the customer the disclosure of which will or may assist B in carrying out relevant actions of B.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-188-5"><num>(5)</num><content><p>The warning condition is that A, due to concerns about risks of economic crime, has decided to take safeguarding action (or would have decided to take such action but for the customer having ceased to be a customer of A).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-188-6"><num>(6)</num><intro><p>For the purposes of subsection <ref href="#section-188-5">(5)</ref>, “<term refersTo="#term-safeguarding-action" eId="term-safeguarding-action">safeguarding action</term>” means—</p></intro><level class="para1" eId="section-188-6-a"><num>(a)</num><content><p>terminating a business relationship with the customer,</p></content></level><level class="para1" eId="section-188-6-b"><num>(b)</num><content><p>refusing the customer a product or service, or</p></content></level><level class="para1" eId="section-188-6-c"><num>(c)</num><content><p>restricting the customer’s access to elements of a product or service available to other customers of A.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-188-6-a"><num>(a)</num><content><p>terminating a business relationship with the customer,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-188-6-b"><num>(b)</num><content><p>refusing the customer a product or service, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-188-6-c"><num>(c)</num><content><p>restricting the customer’s access to elements of a product or service available to other customers of A.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-188-7"><num>(7)</num><content><p>Where a disclosure is made to which subsection <ref href="#section-188-1">(1)</ref> applies, B’s use of the disclosed information, for the purposes of any of B’s relevant actions, does not breach any obligation of confidence owed by B.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-188-8"><num>(8)</num><intro><p>The protections set out in subsection (9) apply in relation to a disclosure made by a person (“<term refersTo="#term-r" eId="term-r">R</term>”) who is carrying on business in circumstances where subsection <ref href="#section-188-3">(3)</ref> applies to another person for the purpose of making a disclosure request if R has reason to believe that other person—</p></intro><level class="para1" eId="section-188-8-a"><num>(a)</num><content><p>is carrying on business in circumstances where subsection <ref href="#section-188-3">(3)</ref> applies, and</p></content></level><level class="para1" eId="section-188-8-b"><num>(b)</num><content><p>has in their possession information about a customer or former customer of theirs that will or may assist R to carry out any of R’s relevant actions.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-188-8-a"><num>(a)</num><content><p>is carrying on business in circumstances where subsection <ref href="#section-188-3">(3)</ref> applies, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-188-8-b"><num>(b)</num><content><p>has in their possession information about a customer or former customer of theirs that will or may assist R to carry out any of R’s relevant actions.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-188-9"><num>(9)</num><intro><p>The protections are that, subject to subsection (11), the disclosure does not—</p></intro><level class="para1" eId="section-188-9-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by R, or</p></content></level><level class="para1" eId="section-188-9-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of R, to the person to whom the disclosed information relates.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-188-9-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by R, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-188-9-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of R, to the person to whom the disclosed information relates.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-188-10"><num>(10)</num><intro><p>Where a disclosure is made to which subsection <ref href="#section-188-8">(8)</ref> applies, the use by that other person of the disclosed information, for the purposes of enabling a disclosure to be made by them to which subsection <ref href="#section-188-1">(1)</ref> applies, does not—</p></intro><level class="para1" eId="section-188-10-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by them, or</p></content></level><level class="para1" eId="section-188-10-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of R, to the person to whom the disclosed information relates.</p></content></level><wrapUp><p>This is subject to subsection (11).</p></wrapUp></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-188-10-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by them, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-188-10-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of R, to the person to whom the disclosed information relates.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-188-11"><num>(11)</num><content><p>Nothing in this section requires or authorises a disclosure of information that would contravene, or prevents any civil liability arising under, the data protection legislation.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-189"><num>189</num><heading>Indirect disclosure of information: restrictions on civil liability</heading><subsection eId="section-189-1"><num>(1)</num><intro><p>The protections set out in subsection (2) apply in relation to a disclosure made by a person (“<term refersTo="#term-a" eId="term-a">A</term>”) to another person (“<term refersTo="#term-b" eId="term-b">B</term>”) if—</p></intro><level class="para1" eId="section-189-1-a"><num>(a)</num><content><p>A is carrying on business in circumstances where subsection (3) applies,</p></content></level><level class="para1" eId="section-189-1-b"><num>(b)</num><content><p>the information relates to a person who is a customer or former customer of A (“<term refersTo="#term-the-customer" eId="term-the-customer">the customer</term>”),</p></content></level><level class="para1" eId="section-189-1-c"><num>(c)</num><intro><p>due to concerns about the risk of economic crime, A has decided to—</p></intro><level class="para2" eId="section-189-1-c-i"><num>(i)</num><content><p>terminate a business relationship with the customer,</p></content></level><level class="para2" eId="section-189-1-c-ii"><num>(ii)</num><content><p>refuse the customer a product or service, or</p></content></level><level class="para2" eId="section-189-1-c-iii"><num>(iii)</num><content><p>restrict the customer’s access to elements of a product or service which are available to other customers,</p></content></level></level><level class="para1" eId="section-189-1-d"><num>(d)</num><content><p>A is satisfied that the information disclosed to B, if it is disclosed by B to one or more persons carrying on business in circumstances where subsection (3) applies, will or may assist those persons in carrying out their relevant actions,</p></content></level><level class="para1" eId="section-189-1-e"><num>(e)</num><content><p>to the extent that the information is personal data, the UK GDPR applies to the disclosure of the information by A,</p></content></level><level class="para1" eId="section-189-1-f"><num>(f)</num><content><p>A and B are parties to an agreement the terms of which provide that, to the extent that the information is personal data, B will only disclose or otherwise process it in circumstances where the UK GDPR applies to the disclosure or other processing, and</p></content></level><level class="para1" eId="section-189-1-g"><num>(g)</num><content><p>the disclosure is not a privileged disclosure.</p></content></level></subsection><subsection eId="section-189-2"><num>(2)</num><intro><p>The protections are that, subject to subsection (10), the disclosure does not—</p></intro><level class="para1" eId="section-189-2-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by A, or</p></content></level><level class="para1" eId="section-189-2-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of A, to the person to whom the disclosed information relates.</p></content></level></subsection><subsection eId="section-189-3"><num>(3)</num><intro><p>This subsection applies—</p></intro><level class="para1" eId="section-189-3-a"><num>(a)</num><intro><p>where the business carried on is business in the regulated sector as—</p></intro><level class="para2" eId="section-189-3-a-i"><num>(i)</num><content><p>a deposit-taking body,</p></content></level><level class="para2" eId="section-189-3-a-ii"><num>(ii)</num><content><p>an electronic money institution,</p></content></level><level class="para2" eId="section-189-3-a-iii"><num>(iii)</num><content><p>a payment institution,</p></content></level><level class="para2" eId="section-189-3-a-iv"><num>(iv)</num><content><p>a cryptoasset exchange provider, or</p></content></level><level class="para2" eId="section-189-3-a-v"><num>(v)</num><content><p>a custodian wallet provider,</p></content></level></level><level class="para1" eId="section-189-3-b"><num>(b)</num><intro><p>where—</p></intro><level class="para2" eId="section-189-3-b-i"><num>(i)</num><content><p>the business carried on is business in the regulated sector within paragraph 1(1)(j) to (n) of Schedule 9 to the Proceeds of Crime Act 2002 (audit, insolvency, accountancy, tax or legal services), and</p></content></level><level class="para2" eId="section-189-3-b-ii"><num>(ii)</num><content><p>the UK revenue of the person carrying on the business is <ins class="substitution first last" ukl:ChangeId="M_F_f4c0d387-99fb-47db-cf6b-a7962fca8fab-1776239750793" ukl:CommentaryRef="M_F_f4c0d387-99fb-47db-cf6b-a7962fca8fab"><noteRef uk:name="commentary" href="#M_F_f4c0d387-99fb-47db-cf6b-a7962fca8fab" class="commentary"/>in any of bands B to D</ins> for the relevant financial year (see subsection (11)), and</p></content></level></level><level class="para1" eId="section-189-3-c"><num>(c)</num><content><p>in circumstances prescribed, in relation to the business or the person carrying it on, by regulations made by the Secretary of State for the purposes of this paragraph.</p></content></level></subsection><subsection eId="section-189-4"><num>(4)</num><intro><p>Where subsection (1) applies to a disclosure of information made by A to B, the protections set out in subsection (5) apply in relation to a further disclosure of that information made by B to another person (“<term refersTo="#term-c" eId="term-c">C</term>”) if—</p></intro><level class="para1" eId="section-189-4-a"><num>(a)</num><content><p>C is carrying on business in circumstances where subsection (3) applies, and</p></content></level><level class="para1" eId="section-189-4-b"><num>(b)</num><content><p>to the extent that the information is personal data, the UK GDPR applies to all processing of the information by B, up to and including the disclosure of the information to C.</p></content></level></subsection><subsection eId="section-189-5"><num>(5)</num><intro><p>The protections are that, subject to subsection (10), the disclosure does not—</p></intro><level class="para1" eId="section-189-5-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by B, or</p></content></level><level class="para1" eId="section-189-5-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of B, to the person to whom the disclosed information relates.</p></content></level></subsection><subsection eId="section-189-6"><num>(6)</num><content><p>Where a disclosure is made to which subsection (4) applies, C’s use of the disclosed information, for the purposes of any of C’s relevant actions, does not breach any obligation of confidence owed by C.</p></content></subsection><subsection eId="section-189-7"><num>(7)</num><content><p>The protections set out in subsection (8) apply in relation to a disclosure made by a person (“<term refersTo="#term-r" eId="term-r">R</term>”), who is carrying on business in circumstances where subsection (3) applies, to another person, for the purposes of making a request for a disclosure of information to be made to R by that other person if, at the time the request is made, R has reason to believe that the disclosure of information to which the request relates would be one to which subsection (4) applies.</p></content></subsection><subsection eId="section-189-8"><num>(8)</num><intro><p>The protections are that, subject to subsection (10), the disclosure does not—</p></intro><level class="para1" eId="section-189-8-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by R, or</p></content></level><level class="para1" eId="section-189-8-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of R, to the person to whom the disclosed information relates.</p></content></level></subsection><subsection eId="section-189-9"><num>(9)</num><intro><p>Where a disclosure is made to which subsection (7) applies, the use by that other person, of the disclosed information, for the purposes of enabling a disclosure to be made by them to which subsection (4) applies, does not—</p></intro><level class="para1" eId="section-189-9-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by them, or</p></content></level><level class="para1" eId="section-189-9-b"><num>(b)</num><content><p>give rise to any civil liability, on their part, to the person to whom the disclosed information relates.</p></content></level><wrapUp><p>This is subject to subsection (10).</p></wrapUp></subsection><subsection eId="section-189-10"><num>(10)</num><content><p>Nothing in this section authorises a disclosure of information that would contravene, or prevents any civil liability arising under, the data protection legislation.</p></content></subsection><subsection eId="section-189-11"><num>(11)</num><intro><p>In subsection (3)(b) “relevant financial year”—</p></intro><level class="para1" eId="section-189-11-a"><num>(a)</num><content><p>for the purposes of subsection (1)(a), means the financial year immediately preceding that in which the disclosure by A is made;</p></content></level><level class="para1" eId="section-189-11-b"><num>(b)</num><content><p>for the purposes of subsection (4)(a), means the financial year immediately preceding that in which the disclosure to C is made.</p></content></level><wrapUp><p>And, for the purposes of subsection (3)(b), the question of whether a person’s UK revenue is <ins class="substitution first last" ukl:ChangeId="M_F_32e291c7-c2d0-4c4b-fe22-fbe22b8241d1-1776239882127" ukl:CommentaryRef="M_F_32e291c7-c2d0-4c4b-fe22-fbe22b8241d1"><noteRef uk:name="commentary" href="#M_F_32e291c7-c2d0-4c4b-fe22-fbe22b8241d1" class="commentary"/>in any of bands B to D</ins> for a particular financial year is to be determined in accordance with sections 55 to 57 of the Finance Act 2022 (calculation of UK revenue for the economic crime (anti-money laundering) levy).</p></wrapUp></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-189-1"><num>(1)</num><intro><p>The protections set out in subsection (2) apply in relation to a disclosure made by a person (“<term refersTo="#term-a" eId="term-a">A</term>”) to another person (“<term refersTo="#term-b" eId="term-b">B</term>”) if—</p></intro><level class="para1" eId="section-189-1-a"><num>(a)</num><content><p>A is carrying on business in circumstances where subsection (3) applies,</p></content></level><level class="para1" eId="section-189-1-b"><num>(b)</num><content><p>the information relates to a person who is a customer or former customer of A (“<term refersTo="#term-the-customer" eId="term-the-customer">the customer</term>”),</p></content></level><level class="para1" eId="section-189-1-c"><num>(c)</num><intro><p>due to concerns about the risk of economic crime, A has decided to—</p></intro><level class="para2" eId="section-189-1-c-i"><num>(i)</num><content><p>terminate a business relationship with the customer,</p></content></level><level class="para2" eId="section-189-1-c-ii"><num>(ii)</num><content><p>refuse the customer a product or service, or</p></content></level><level class="para2" eId="section-189-1-c-iii"><num>(iii)</num><content><p>restrict the customer’s access to elements of a product or service which are available to other customers,</p></content></level></level><level class="para1" eId="section-189-1-d"><num>(d)</num><content><p>A is satisfied that the information disclosed to B, if it is disclosed by B to one or more persons carrying on business in circumstances where subsection (3) applies, will or may assist those persons in carrying out their relevant actions,</p></content></level><level class="para1" eId="section-189-1-e"><num>(e)</num><content><p>to the extent that the information is personal data, the UK GDPR applies to the disclosure of the information by A,</p></content></level><level class="para1" eId="section-189-1-f"><num>(f)</num><content><p>A and B are parties to an agreement the terms of which provide that, to the extent that the information is personal data, B will only disclose or otherwise process it in circumstances where the UK GDPR applies to the disclosure or other processing, and</p></content></level><level class="para1" eId="section-189-1-g"><num>(g)</num><content><p>the disclosure is not a privileged disclosure.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-189-1-a"><num>(a)</num><content><p>A is carrying on business in circumstances where subsection (3) applies,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-189-1-b"><num>(b)</num><content><p>the information relates to a person who is a customer or former customer of A (“<term refersTo="#term-the-customer" eId="term-the-customer">the customer</term>”),</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-189-1-c"><num>(c)</num><intro><p>due to concerns about the risk of economic crime, A has decided to—</p></intro><level class="para2" eId="section-189-1-c-i"><num>(i)</num><content><p>terminate a business relationship with the customer,</p></content></level><level class="para2" eId="section-189-1-c-ii"><num>(ii)</num><content><p>refuse the customer a product or service, or</p></content></level><level class="para2" eId="section-189-1-c-iii"><num>(iii)</num><content><p>restrict the customer’s access to elements of a product or service which are available to other customers,</p></content></level></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-189-1-c-i"><num>(i)</num><content><p>terminate a business relationship with the customer,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-189-1-c-ii"><num>(ii)</num><content><p>refuse the customer a product or service, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-189-1-c-iii"><num>(iii)</num><content><p>restrict the customer’s access to elements of a product or service which are available to other customers,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-189-1-d"><num>(d)</num><content><p>A is satisfied that the information disclosed to B, if it is disclosed by B to one or more persons carrying on business in circumstances where subsection (3) applies, will or may assist those persons in carrying out their relevant actions,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-189-1-e"><num>(e)</num><content><p>to the extent that the information is personal data, the UK GDPR applies to the disclosure of the information by A,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-189-1-f"><num>(f)</num><content><p>A and B are parties to an agreement the terms of which provide that, to the extent that the information is personal data, B will only disclose or otherwise process it in circumstances where the UK GDPR applies to the disclosure or other processing, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-189-1-g"><num>(g)</num><content><p>the disclosure is not a privileged disclosure.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-189-2"><num>(2)</num><intro><p>The protections are that, subject to subsection (10), the disclosure does not—</p></intro><level class="para1" eId="section-189-2-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by A, or</p></content></level><level class="para1" eId="section-189-2-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of A, to the person to whom the disclosed information relates.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-189-2-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by A, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-189-2-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of A, to the person to whom the disclosed information relates.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-189-3"><num>(3)</num><intro><p>This subsection applies—</p></intro><level class="para1" eId="section-189-3-a"><num>(a)</num><intro><p>where the business carried on is business in the regulated sector as—</p></intro><level class="para2" eId="section-189-3-a-i"><num>(i)</num><content><p>a deposit-taking body,</p></content></level><level class="para2" eId="section-189-3-a-ii"><num>(ii)</num><content><p>an electronic money institution,</p></content></level><level class="para2" eId="section-189-3-a-iii"><num>(iii)</num><content><p>a payment institution,</p></content></level><level class="para2" eId="section-189-3-a-iv"><num>(iv)</num><content><p>a cryptoasset exchange provider, or</p></content></level><level class="para2" eId="section-189-3-a-v"><num>(v)</num><content><p>a custodian wallet provider,</p></content></level></level><level class="para1" eId="section-189-3-b"><num>(b)</num><intro><p>where—</p></intro><level class="para2" eId="section-189-3-b-i"><num>(i)</num><content><p>the business carried on is business in the regulated sector within paragraph 1(1)(j) to (n) of Schedule 9 to the Proceeds of Crime Act 2002 (audit, insolvency, accountancy, tax or legal services), and</p></content></level><level class="para2" eId="section-189-3-b-ii"><num>(ii)</num><content><p>the UK revenue of the person carrying on the business is <ins class="substitution first last" ukl:ChangeId="M_F_f4c0d387-99fb-47db-cf6b-a7962fca8fab-1776239750793" ukl:CommentaryRef="M_F_f4c0d387-99fb-47db-cf6b-a7962fca8fab"><noteRef uk:name="commentary" href="#M_F_f4c0d387-99fb-47db-cf6b-a7962fca8fab" class="commentary"/>in any of bands B to D</ins> for the relevant financial year (see subsection (11)), and</p></content></level></level><level class="para1" eId="section-189-3-c"><num>(c)</num><content><p>in circumstances prescribed, in relation to the business or the person carrying it on, by regulations made by the Secretary of State for the purposes of this paragraph.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-189-3-a"><num>(a)</num><intro><p>where the business carried on is business in the regulated sector as—</p></intro><level class="para2" eId="section-189-3-a-i"><num>(i)</num><content><p>a deposit-taking body,</p></content></level><level class="para2" eId="section-189-3-a-ii"><num>(ii)</num><content><p>an electronic money institution,</p></content></level><level class="para2" eId="section-189-3-a-iii"><num>(iii)</num><content><p>a payment institution,</p></content></level><level class="para2" eId="section-189-3-a-iv"><num>(iv)</num><content><p>a cryptoasset exchange provider, or</p></content></level><level class="para2" eId="section-189-3-a-v"><num>(v)</num><content><p>a custodian wallet provider,</p></content></level></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-189-3-a-i"><num>(i)</num><content><p>a deposit-taking body,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-189-3-a-ii"><num>(ii)</num><content><p>an electronic money institution,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-189-3-a-iii"><num>(iii)</num><content><p>a payment institution,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-189-3-a-iv"><num>(iv)</num><content><p>a cryptoasset exchange provider, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-189-3-a-v"><num>(v)</num><content><p>a custodian wallet provider,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-189-3-b"><num>(b)</num><intro><p>where—</p></intro><level class="para2" eId="section-189-3-b-i"><num>(i)</num><content><p>the business carried on is business in the regulated sector within paragraph 1(1)(j) to (n) of Schedule 9 to the Proceeds of Crime Act 2002 (audit, insolvency, accountancy, tax or legal services), and</p></content></level><level class="para2" eId="section-189-3-b-ii"><num>(ii)</num><content><p>the UK revenue of the person carrying on the business is <ins class="substitution first last" ukl:ChangeId="M_F_f4c0d387-99fb-47db-cf6b-a7962fca8fab-1776239750793" ukl:CommentaryRef="M_F_f4c0d387-99fb-47db-cf6b-a7962fca8fab"><noteRef uk:name="commentary" href="#M_F_f4c0d387-99fb-47db-cf6b-a7962fca8fab" class="commentary"/>in any of bands B to D</ins> for the relevant financial year (see subsection (11)), and</p></content></level></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-189-3-b-i"><num>(i)</num><content><p>the business carried on is business in the regulated sector within paragraph 1(1)(j) to (n) of Schedule 9 to the Proceeds of Crime Act 2002 (audit, insolvency, accountancy, tax or legal services), and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para2" eId="section-189-3-b-ii"><num>(ii)</num><content><p>the UK revenue of the person carrying on the business is <ins class="substitution first last" ukl:ChangeId="M_F_f4c0d387-99fb-47db-cf6b-a7962fca8fab-1776239750793" ukl:CommentaryRef="M_F_f4c0d387-99fb-47db-cf6b-a7962fca8fab"><noteRef uk:name="commentary" href="#M_F_f4c0d387-99fb-47db-cf6b-a7962fca8fab" class="commentary"/>in any of bands B to D</ins> for the relevant financial year (see subsection (11)), and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-189-3-c"><num>(c)</num><content><p>in circumstances prescribed, in relation to the business or the person carrying it on, by regulations made by the Secretary of State for the purposes of this paragraph.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-189-4"><num>(4)</num><intro><p>Where subsection (1) applies to a disclosure of information made by A to B, the protections set out in subsection (5) apply in relation to a further disclosure of that information made by B to another person (“<term refersTo="#term-c" eId="term-c">C</term>”) if—</p></intro><level class="para1" eId="section-189-4-a"><num>(a)</num><content><p>C is carrying on business in circumstances where subsection (3) applies, and</p></content></level><level class="para1" eId="section-189-4-b"><num>(b)</num><content><p>to the extent that the information is personal data, the UK GDPR applies to all processing of the information by B, up to and including the disclosure of the information to C.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-189-4-a"><num>(a)</num><content><p>C is carrying on business in circumstances where subsection (3) applies, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-189-4-b"><num>(b)</num><content><p>to the extent that the information is personal data, the UK GDPR applies to all processing of the information by B, up to and including the disclosure of the information to C.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-189-5"><num>(5)</num><intro><p>The protections are that, subject to subsection (10), the disclosure does not—</p></intro><level class="para1" eId="section-189-5-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by B, or</p></content></level><level class="para1" eId="section-189-5-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of B, to the person to whom the disclosed information relates.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-189-5-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by B, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-189-5-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of B, to the person to whom the disclosed information relates.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-189-6"><num>(6)</num><content><p>Where a disclosure is made to which subsection (4) applies, C’s use of the disclosed information, for the purposes of any of C’s relevant actions, does not breach any obligation of confidence owed by C.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-189-7"><num>(7)</num><content><p>The protections set out in subsection (8) apply in relation to a disclosure made by a person (“<term refersTo="#term-r" eId="term-r">R</term>”), who is carrying on business in circumstances where subsection (3) applies, to another person, for the purposes of making a request for a disclosure of information to be made to R by that other person if, at the time the request is made, R has reason to believe that the disclosure of information to which the request relates would be one to which subsection (4) applies.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-189-8"><num>(8)</num><intro><p>The protections are that, subject to subsection (10), the disclosure does not—</p></intro><level class="para1" eId="section-189-8-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by R, or</p></content></level><level class="para1" eId="section-189-8-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of R, to the person to whom the disclosed information relates.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-189-8-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by R, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-189-8-b"><num>(b)</num><content><p>give rise to any civil liability, on the part of R, to the person to whom the disclosed information relates.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-189-9"><num>(9)</num><intro><p>Where a disclosure is made to which subsection (7) applies, the use by that other person, of the disclosed information, for the purposes of enabling a disclosure to be made by them to which subsection (4) applies, does not—</p></intro><level class="para1" eId="section-189-9-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by them, or</p></content></level><level class="para1" eId="section-189-9-b"><num>(b)</num><content><p>give rise to any civil liability, on their part, to the person to whom the disclosed information relates.</p></content></level><wrapUp><p>This is subject to subsection (10).</p></wrapUp></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-189-9-a"><num>(a)</num><content><p>give rise to a breach of any obligation of confidence owed by them, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-189-9-b"><num>(b)</num><content><p>give rise to any civil liability, on their part, to the person to whom the disclosed information relates.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-189-10"><num>(10)</num><content><p>Nothing in this section authorises a disclosure of information that would contravene, or prevents any civil liability arising under, the data protection legislation.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-189-11"><num>(11)</num><intro><p>In subsection (3)(b) “relevant financial year”—</p></intro><level class="para1" eId="section-189-11-a"><num>(a)</num><content><p>for the purposes of subsection (1)(a), means the financial year immediately preceding that in which the disclosure by A is made;</p></content></level><level class="para1" eId="section-189-11-b"><num>(b)</num><content><p>for the purposes of subsection (4)(a), means the financial year immediately preceding that in which the disclosure to C is made.</p></content></level><wrapUp><p>And, for the purposes of subsection (3)(b), the question of whether a person’s UK revenue is <ins class="substitution first last" ukl:ChangeId="M_F_32e291c7-c2d0-4c4b-fe22-fbe22b8241d1-1776239882127" ukl:CommentaryRef="M_F_32e291c7-c2d0-4c4b-fe22-fbe22b8241d1"><noteRef uk:name="commentary" href="#M_F_32e291c7-c2d0-4c4b-fe22-fbe22b8241d1" class="commentary"/>in any of bands B to D</ins> for a particular financial year is to be determined in accordance with sections 55 to 57 of the Finance Act 2022 (calculation of UK revenue for the economic crime (anti-money laundering) levy).</p></wrapUp></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-189-11-a"><num>(a)</num><content><p>for the purposes of subsection (1)(a), means the financial year immediately preceding that in which the disclosure by A is made;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-189-11-b"><num>(b)</num><content><p>for the purposes of subsection (4)(a), means the financial year immediately preceding that in which the disclosure to C is made.</p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-190"><num>190</num><heading>Meaning of “privileged disclosure”</heading><subsection eId="section-190-1"><num>(1)</num><content><p>For the purposes of sections 188 and 189, “<term refersTo="#term-privileged-disclosure" eId="term-privileged-disclosure">privileged disclosure</term>” means a disclosure of information made by a professional legal adviser or relevant professional adviser in circumstances where the information disclosed came to the adviser in privileged circumstances.</p></content></subsection><subsection eId="section-190-2"><num>(2)</num><intro><p>Information comes to a professional legal adviser or relevant professional adviser in privileged circumstances if it is communicated or given to the adviser—</p></intro><level class="para1" eId="section-190-2-a"><num>(a)</num><content><p>by (or by a representative of) a client of the adviser in connection with the giving by that person of legal advice to the client,</p></content></level><level class="para1" eId="section-190-2-b"><num>(b)</num><content><p>by (or by a representative of) a person seeking legal advice from the adviser, or</p></content></level><level class="para1" eId="section-190-2-c"><num>(c)</num><content><p>by a person in connection with legal proceedings or contemplated legal proceedings.</p></content></level></subsection><subsection eId="section-190-3"><num>(3)</num><intro><p>For the purposes of this section a “<term refersTo="#term-relevant-professional-adviser" eId="term-relevant-professional-adviser">relevant professional adviser</term>” means an accountant, auditor or tax adviser who is a member of a professional body which is established for accountants, auditors or tax advisers (as the case may be) and which makes provision for—</p></intro><level class="para1" eId="section-190-3-a"><num>(a)</num><content><p>testing the competence of those seeking admission to membership of such a body as a condition for such admission, and</p></content></level><level class="para1" eId="section-190-3-b"><num>(b)</num><content><p>imposing and maintaining professional and ethical standards for its members, as well as imposing sanctions for non-compliance with those standards.</p></content></level></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-190-1"><num>(1)</num><content><p>For the purposes of sections 188 and 189, “<term refersTo="#term-privileged-disclosure" eId="term-privileged-disclosure">privileged disclosure</term>” means a disclosure of information made by a professional legal adviser or relevant professional adviser in circumstances where the information disclosed came to the adviser in privileged circumstances.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-190-2"><num>(2)</num><intro><p>Information comes to a professional legal adviser or relevant professional adviser in privileged circumstances if it is communicated or given to the adviser—</p></intro><level class="para1" eId="section-190-2-a"><num>(a)</num><content><p>by (or by a representative of) a client of the adviser in connection with the giving by that person of legal advice to the client,</p></content></level><level class="para1" eId="section-190-2-b"><num>(b)</num><content><p>by (or by a representative of) a person seeking legal advice from the adviser, or</p></content></level><level class="para1" eId="section-190-2-c"><num>(c)</num><content><p>by a person in connection with legal proceedings or contemplated legal proceedings.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-190-2-a"><num>(a)</num><content><p>by (or by a representative of) a client of the adviser in connection with the giving by that person of legal advice to the client,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-190-2-b"><num>(b)</num><content><p>by (or by a representative of) a person seeking legal advice from the adviser, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-190-2-c"><num>(c)</num><content><p>by a person in connection with legal proceedings or contemplated legal proceedings.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-190-3"><num>(3)</num><intro><p>For the purposes of this section a “<term refersTo="#term-relevant-professional-adviser" eId="term-relevant-professional-adviser">relevant professional adviser</term>” means an accountant, auditor or tax adviser who is a member of a professional body which is established for accountants, auditors or tax advisers (as the case may be) and which makes provision for—</p></intro><level class="para1" eId="section-190-3-a"><num>(a)</num><content><p>testing the competence of those seeking admission to membership of such a body as a condition for such admission, and</p></content></level><level class="para1" eId="section-190-3-b"><num>(b)</num><content><p>imposing and maintaining professional and ethical standards for its members, as well as imposing sanctions for non-compliance with those standards.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-190-3-a"><num>(a)</num><content><p>testing the competence of those seeking admission to membership of such a body as a condition for such admission, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-190-3-b"><num>(b)</num><content><p>imposing and maintaining professional and ethical standards for its members, as well as imposing sanctions for non-compliance with those standards.</p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-191"><num>191</num><heading>Meaning of “relevant actions”</heading><intro><p>In sections 188 and 189, “relevant actions”, of a person, means the actions of—</p></intro><level class="para1" eId="section-191-a"><num>(a)</num><intro><p>determining, for the purposes of preventing, detecting or investigating economic crime—</p></intro><level class="para2" eId="section-191-a-i"><num>(i)</num><content><p>whether it is appropriate to apply any customer due diligence measures, or any similar measures, in respect of a customer or proposed customer of the person;</p></content></level><level class="para2" eId="section-191-a-ii"><num>(ii)</num><content><p>the nature or extent of the measures;</p></content></level></level><level class="para1" eId="section-191-b"><num>(b)</num><intro><p>carrying out, for such purposes—</p></intro><level class="para2" eId="section-191-b-i"><num>(i)</num><content><p>effective measures for identifying or verifying the identity of, or</p></content></level><level class="para2" eId="section-191-b-ii"><num>(ii)</num><content><p>any other customer due diligence measures in respect of,</p></content></level><wrapUp><p>a customer or proposed customer of the person;</p></wrapUp></level><level class="para1" eId="section-191-c"><num>(c)</num><intro><p>determining, for such purposes, whether it is appropriate to—</p></intro><level class="para2" eId="section-191-c-i"><num>(i)</num><content><p>terminate an existing business relationship with a customer or proposed customer of the person;</p></content></level><level class="para2" eId="section-191-c-ii"><num>(ii)</num><content><p>decline to establish a new business relationship with such a customer;</p></content></level><level class="para2" eId="section-191-c-iii"><num>(iii)</num><content><p>decline to provide a product or service to such a customer;</p></content></level><level class="para2" eId="section-191-c-iv"><num>(iv)</num><content><p>restrict the access of such a customer to an existing product or service which is normally available to other customers;</p></content></level><level class="para2" eId="section-191-c-v"><num>(v)</num><content><p>decline to carry out a transaction for such a customer.</p></content></level></level></section>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-191-a"><num>(a)</num><intro><p>determining, for the purposes of preventing, detecting or investigating economic crime—</p></intro><level class="para2" eId="section-191-a-i"><num>(i)</num><content><p>whether it is appropriate to apply any customer due diligence measures, or any similar measures, in respect of a customer or proposed customer of the person;</p></content></level><level class="para2" eId="section-191-a-ii"><num>(ii)</num><content><p>the nature or extent of the measures;</p></content></level></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-191-a-i"><num>(i)</num><content><p>whether it is appropriate to apply any customer due diligence measures, or any similar measures, in respect of a customer or proposed customer of the person;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-191-a-ii"><num>(ii)</num><content><p>the nature or extent of the measures;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-191-b"><num>(b)</num><intro><p>carrying out, for such purposes—</p></intro><level class="para2" eId="section-191-b-i"><num>(i)</num><content><p>effective measures for identifying or verifying the identity of, or</p></content></level><level class="para2" eId="section-191-b-ii"><num>(ii)</num><content><p>any other customer due diligence measures in respect of,</p></content></level><wrapUp><p>a customer or proposed customer of the person;</p></wrapUp></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-191-b-i"><num>(i)</num><content><p>effective measures for identifying or verifying the identity of, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-191-b-ii"><num>(ii)</num><content><p>any other customer due diligence measures in respect of,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-191-c"><num>(c)</num><intro><p>determining, for such purposes, whether it is appropriate to—</p></intro><level class="para2" eId="section-191-c-i"><num>(i)</num><content><p>terminate an existing business relationship with a customer or proposed customer of the person;</p></content></level><level class="para2" eId="section-191-c-ii"><num>(ii)</num><content><p>decline to establish a new business relationship with such a customer;</p></content></level><level class="para2" eId="section-191-c-iii"><num>(iii)</num><content><p>decline to provide a product or service to such a customer;</p></content></level><level class="para2" eId="section-191-c-iv"><num>(iv)</num><content><p>restrict the access of such a customer to an existing product or service which is normally available to other customers;</p></content></level><level class="para2" eId="section-191-c-v"><num>(v)</num><content><p>decline to carry out a transaction for such a customer.</p></content></level></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-191-c-i"><num>(i)</num><content><p>terminate an existing business relationship with a customer or proposed customer of the person;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-191-c-ii"><num>(ii)</num><content><p>decline to establish a new business relationship with such a customer;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-191-c-iii"><num>(iii)</num><content><p>decline to provide a product or service to such a customer;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-191-c-iv"><num>(iv)</num><content><p>restrict the access of such a customer to an existing product or service which is normally available to other customers;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-191-c-v"><num>(v)</num><content><p>decline to carry out a transaction for such a customer.</p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-192"><num>192</num><heading>Meaning of “business relationship”</heading><subsection eId="section-192-1"><num>(1)</num><intro><p>In sections 188 to 191, “<term refersTo="#term-business-relationship" eId="term-business-relationship">business relationship</term>” means a business, professional or commercial relationship between a person carrying on relevant business and a customer or client which—</p></intro><level class="para1" eId="section-192-1-a"><num>(a)</num><content><p>arises out of the business of the person, and</p></content></level><level class="para1" eId="section-192-1-b"><num>(b)</num><content><p>has, or is expected by the person (at the time when contact is established) to have, an element of duration.</p></content></level></subsection><subsection eId="section-192-2"><num>(2)</num><intro><p>In subsection (1) “<term refersTo="#term-relevant-business" eId="term-relevant-business">relevant business</term>” means—</p></intro><level class="para1" eId="section-192-2-a"><num>(a)</num><content><p>in the case of section 188 (and section 191 as it applies for the purposes of that section), business within section 188(3);</p></content></level><level class="para1" eId="section-192-2-b"><num>(b)</num><content><p>in the case of section 189 (and section 191 as it applies for the purposes of that section), business within section 189(3).</p></content></level></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-192-1"><num>(1)</num><intro><p>In sections 188 to 191, “<term refersTo="#term-business-relationship" eId="term-business-relationship">business relationship</term>” means a business, professional or commercial relationship between a person carrying on relevant business and a customer or client which—</p></intro><level class="para1" eId="section-192-1-a"><num>(a)</num><content><p>arises out of the business of the person, and</p></content></level><level class="para1" eId="section-192-1-b"><num>(b)</num><content><p>has, or is expected by the person (at the time when contact is established) to have, an element of duration.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-192-1-a"><num>(a)</num><content><p>arises out of the business of the person, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-192-1-b"><num>(b)</num><content><p>has, or is expected by the person (at the time when contact is established) to have, an element of duration.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-192-2"><num>(2)</num><intro><p>In subsection (1) “<term refersTo="#term-relevant-business" eId="term-relevant-business">relevant business</term>” means—</p></intro><level class="para1" eId="section-192-2-a"><num>(a)</num><content><p>in the case of section 188 (and section 191 as it applies for the purposes of that section), business within section 188(3);</p></content></level><level class="para1" eId="section-192-2-b"><num>(b)</num><content><p>in the case of section 189 (and section 191 as it applies for the purposes of that section), business within section 189(3).</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-192-2-a"><num>(a)</num><content><p>in the case of section 188 (and section 191 as it applies for the purposes of that section), business within section 188(3);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-192-2-b"><num>(b)</num><content><p>in the case of section 189 (and section 191 as it applies for the purposes of that section), business within section 189(3).</p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-193"><num>193</num><heading>Other defined terms in sections 188 to 191</heading><subsection eId="section-193-1"><num>(1)</num><intro><p>In sections 188 to 191—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset-exchange-provider" eId="term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” has the meaning given by paragraph 1(12)(a) of Schedule 9 to the Proceeds of Crime Act 2002;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-custodial-wallet-provider" eId="term-custodial-wallet-provider">custodial wallet provider</term>” has the meaning given by paragraph 1(12)(b) of Schedule 9 to the Proceeds of Crime Act 2002;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-customer-due-diligence-measures" eId="term-customer-due-diligence-measures">customer due diligence measures</term>” has the meaning given by regulation 3(1) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (<ref eId="c00025" href="http://www.legislation.gov.uk/id/uksi/2017/692">S.I. 2017/692</ref>);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-data-protection-legislation" eId="term-the-data-protection-legislation">the data protection legislation</term>” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-deposit-taking-body" eId="term-deposit-taking-body">deposit-taking body</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a business which engages in the activity of accepting deposits, or</p></content></level><level class="para1"><num>(b)</num><content><p>the National Savings Bank;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-economic-crime" eId="term-economic-crime">economic crime</term>” means an act which—</p></intro><level class="para1"><num>(a)</num><content><p>constitutes an offence listed in Schedule 11 (“a listed offence”),</p></content></level><level class="para1"><num>(b)</num><content><p>constitutes an attempt or conspiracy to commit a listed offence,</p></content></level><level class="para1"><num>(c)</num><content><p>constitutes an offence—</p><blockList class="ordered roman parens" ukl:Name="OrderedList" ukl:Type="roman" ukl:Decoration="parens"><item><num>(i)</num><p>under Part 2 of the Serious Crime Act 2007 (England and Wales and Northern Ireland: encouraging or assisting crime) in relation to a listed offence, or</p></item><item><num>(ii)</num><p>under the law of Scotland of inciting the commission of a listed offence,</p></item></blockList></content></level><level class="para1"><num>(d)</num><content><p>constitutes aiding, abetting, counselling or procuring the commission of a listed offence, or</p></content></level><level class="para1"><num>(e)</num><content><p>would constitute a listed offence or an offence specified in paragraph (b), (c) or (d) if done in the United Kingdom;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-electronic-money-institution" eId="term-electronic-money-institution">electronic money institution</term>” has the same meaning as in the Electronic Money Regulations 2011 (<ref eId="c00026" href="http://www.legislation.gov.uk/id/uksi/2011/99">S.I. 2011/99</ref>) (see regulation 2 of those Regulations);</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-enactment" eId="term-enactment">enactment</term>” includes—</p></intro><level class="para1"><num>(a)</num><content><p>an enactment contained in subordinate legislation (as defined in section 21 of the Interpretation Act 1978);</p></content></level><level class="para1"><num>(b)</num><content><p>an enactment contained in, or in an instrument made under, a Measure or Act of Senedd Cymru;</p></content></level><level class="para1"><num>(c)</num><content><p>an enactment contained in, or in an instrument made under, an Act of the Scottish Parliament;</p></content></level><level class="para1"><num>(d)</num><content><p>an enactment contained in, or in an instrument made under, Northern Ireland legislation;</p></content></level><level class="para1"><num>(e)</num><content><p>any retained direct EU legislation;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-financial-year" eId="term-financial-year">financial year</term>” means a period of 12 months ending with 31 March;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-payment-institution" eId="term-payment-institution">payment institution</term>” means an authorised payment institution or small payment institution (each as defined in regulation 2 of the Payment Services Regulations 2017 (<ref eId="c00027" href="http://www.legislation.gov.uk/id/uksi/2017/752">S.I. 2017/752</ref>));</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-personal-data" eId="term-personal-data">personal data</term>” and “<term refersTo="#term-processing" eId="term-processing">processing</term>” have the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“regulated sector”: see subsection <ref href="#section-193-2">(2)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-uk-gdpr" eId="term-the-uk-gdpr">the UK GDPR</term>” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act).</p></content></hcontainer></subsection><subsection eId="section-193-2"><num>(2)</num><content><p>Part 1 of Schedule 9 to the Proceeds of Crime Act 2002 has effect for the purpose of determining what is a business in the regulated sector.</p></content></subsection><subsection eId="section-193-3"><num>(3)</num><content><p>The Secretary of State may, by regulations, add an offence to or remove an offence from the list in Schedule 11.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-193-1"><num>(1)</num><intro><p>In sections 188 to 191—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset-exchange-provider" eId="term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” has the meaning given by paragraph 1(12)(a) of Schedule 9 to the Proceeds of Crime Act 2002;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-custodial-wallet-provider" eId="term-custodial-wallet-provider">custodial wallet provider</term>” has the meaning given by paragraph 1(12)(b) of Schedule 9 to the Proceeds of Crime Act 2002;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-customer-due-diligence-measures" eId="term-customer-due-diligence-measures">customer due diligence measures</term>” has the meaning given by regulation 3(1) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (<ref eId="c00025" href="http://www.legislation.gov.uk/id/uksi/2017/692">S.I. 2017/692</ref>);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-data-protection-legislation" eId="term-the-data-protection-legislation">the data protection legislation</term>” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-deposit-taking-body" eId="term-deposit-taking-body">deposit-taking body</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a business which engages in the activity of accepting deposits, or</p></content></level><level class="para1"><num>(b)</num><content><p>the National Savings Bank;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-economic-crime" eId="term-economic-crime">economic crime</term>” means an act which—</p></intro><level class="para1"><num>(a)</num><content><p>constitutes an offence listed in Schedule 11 (“a listed offence”),</p></content></level><level class="para1"><num>(b)</num><content><p>constitutes an attempt or conspiracy to commit a listed offence,</p></content></level><level class="para1"><num>(c)</num><content><p>constitutes an offence—</p><blockList class="ordered roman parens" ukl:Name="OrderedList" ukl:Type="roman" ukl:Decoration="parens"><item><num>(i)</num><p>under Part 2 of the Serious Crime Act 2007 (England and Wales and Northern Ireland: encouraging or assisting crime) in relation to a listed offence, or</p></item><item><num>(ii)</num><p>under the law of Scotland of inciting the commission of a listed offence,</p></item></blockList></content></level><level class="para1"><num>(d)</num><content><p>constitutes aiding, abetting, counselling or procuring the commission of a listed offence, or</p></content></level><level class="para1"><num>(e)</num><content><p>would constitute a listed offence or an offence specified in paragraph (b), (c) or (d) if done in the United Kingdom;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-electronic-money-institution" eId="term-electronic-money-institution">electronic money institution</term>” has the same meaning as in the Electronic Money Regulations 2011 (<ref eId="c00026" href="http://www.legislation.gov.uk/id/uksi/2011/99">S.I. 2011/99</ref>) (see regulation 2 of those Regulations);</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-enactment" eId="term-enactment">enactment</term>” includes—</p></intro><level class="para1"><num>(a)</num><content><p>an enactment contained in subordinate legislation (as defined in section 21 of the Interpretation Act 1978);</p></content></level><level class="para1"><num>(b)</num><content><p>an enactment contained in, or in an instrument made under, a Measure or Act of Senedd Cymru;</p></content></level><level class="para1"><num>(c)</num><content><p>an enactment contained in, or in an instrument made under, an Act of the Scottish Parliament;</p></content></level><level class="para1"><num>(d)</num><content><p>an enactment contained in, or in an instrument made under, Northern Ireland legislation;</p></content></level><level class="para1"><num>(e)</num><content><p>any retained direct EU legislation;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-financial-year" eId="term-financial-year">financial year</term>” means a period of 12 months ending with 31 March;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-payment-institution" eId="term-payment-institution">payment institution</term>” means an authorised payment institution or small payment institution (each as defined in regulation 2 of the Payment Services Regulations 2017 (<ref eId="c00027" href="http://www.legislation.gov.uk/id/uksi/2017/752">S.I. 2017/752</ref>));</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-personal-data" eId="term-personal-data">personal data</term>” and “<term refersTo="#term-processing" eId="term-processing">processing</term>” have the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“regulated sector”: see subsection <ref href="#section-193-2">(2)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-uk-gdpr" eId="term-the-uk-gdpr">the UK GDPR</term>” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act).</p></content></hcontainer></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(a)</num><content><p>means the aggregate of the amounts shown as assets in its balance sheet at the end of the financial year, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(a)</num><content><p>means the aggregate of the amounts shown as assets in its balance sheet at the end of the financial year, or</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-8-paragraph-9" class="schProv1"><num>9</num><content><p><mod>In section 10A (determination of extent of defendant’s interest in property), in subsection (3)(a), after “realisation” insert <quotedText>“or destruction”</quotedText>.</mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-8-paragraph-20" class="schProv1"><num>20</num><intro><p>In section 127B (conditions for exercise of seizure powers)—</p></intro><level class="para1" eId="schedule-8-paragraph-20-a"><num>(a)</num><content><p>in subsection (2), omit paragraph (b);</p></content></level><level class="para1" eId="schedule-8-paragraph-20-b"><num>(b)</num><content><p>in subsection (3), omit paragraph (b).</p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-8-paragraph-20-a"><num>(a)</num><content><p>in subsection (2), omit paragraph (b);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-8-paragraph-20-b"><num>(b)</num><content><p>in subsection (3), omit paragraph (b).</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-9-paragraph-16" class="schProv1"><num>16</num><subparagraph eId="schedule-9-paragraph-16-1"><num>(1)</num><content><p>Section 18 of the Civil Jurisdiction and Judgments Act 1982 (enforcement of UK judgments in other parts of UK) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-16-2"><num>(2)</num><content><p><mod>In subsection (2)(g), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-16-3"><num>(3)</num><intro><p>In subsection (4ZB)—</p></intro><level class="para1" eId="schedule-9-paragraph-16-3-a"><num>(a)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>a crypto wallet freezing order made under section 303Z37 of that Act;</p></content></level><level class="para1"><num>(bb)</num><content><p>an order for the forfeiture of cryptoassets made under section 303Z41 or 303Z45 of that Act;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="schedule-9-paragraph-16-3-b"><num>(b)</num><content><p><mod>after paragraph (d) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(da)</num><content><p>a crypto wallet freezing order made under paragraph 10Z7BB of that Schedule;</p></content></level><level class="para1"><num>(db)</num><content><p>an order for the forfeiture of cryptoassets made under paragraph 10Z7CA or 10Z7CE of that Schedule.</p></content></level></quotedStructure></mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-16-4"><num>(4)</num><intro><p>In subsection (5)(d)(i)—</p></intro><level class="para1" eId="schedule-9-paragraph-16-4-a"><num>(a)</num><content><p><mod>after “(a)” insert <quotedText>“, (ba)”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-16-4-b"><num>(b)</num><content><p><mod>for “or (c)” substitute <quotedText>“, (c) or (da)”</quotedText>.</mod></p></content></level></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-12-paragraph-1" class="schProv1"><num>1</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);</p></content></hcontainer>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-8-paragraph-37" class="schProv1"><num>37</num><content><p>Part 4 of the Proceeds of Crime Act 2002 (confiscation: Northern Ireland) is amended as follows.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-54" class="schProv1"><num>54</num><content><p><mod>After section 232 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>232A</num><heading>Cryptoassets etc</heading><subsection><num>(1)</num><content><p>“<term refersTo="#term-cryptoasset">Cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically.</p></content></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-crypto-wallet">Crypto wallet</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>software,</p></content></level><level class="para1"><num>(b)</num><content><p>hardware,</p></content></level><level class="para1"><num>(c)</num><content><p>a physical item, or</p></content></level><level class="para1"><num>(d)</num><content><p>any combination of the things mentioned in paragraphs (a) to (c),</p></content></level><wrapUp><p>which is used to store the cryptographic private key that allows cryptoassets to be accessed.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>“<term refersTo="#term-cryptoasset-related-item">Cryptoasset-related item</term>” has the meaning given in section 195C(5B).</p></content></subsection><subsection><num>(4)</num><intro><p>The circumstances in which a cryptoasset is taken to be “destroyed” include circumstances where it is—</p></intro><level class="para1"><num>(a)</num><content><p>disposed of,</p></content></level><level class="para1"><num>(b)</num><content><p>transferred, or</p></content></level><level class="para1"><num>(c)</num><content><p>otherwise dealt with,</p></content></level><wrapUp><p>in such a way as to ensure, or to make it virtually certain, that it will not be the subject of any further transactions or be dealt with again in any other way.</p></wrapUp></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions of “cryptoasset” and “crypto wallet” in this section.</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State must consult the Department of Justice in Northern Ireland before making regulations under subsection (5).</p></content></subsection></section></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-10" class="schProv1"><num>10</num><subparagraph eId="schedule-8-paragraph-10-1"><num>(1)</num><content><p>Section 51 (powers of enforcement receiver) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-10-2"><num>(2)</num><content><p><mod>In subsection (2), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e38340"><num>(e)</num><content><p>so far as the property consists of cryptoassets, power to destroy the property.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-10-3"><num>(3)</num><content><p><mod>In subsection (8)(a), for “or (c)” substitute <quotedText>“, (c) or (e)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-10-4"><num>(4)</num><content><p><mod>After subsection (9) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(9A)</num><intro><p>The court may confer the power mentioned in subsection (2)(e) only where—</p></intro><level class="para1"><num>(a)</num><content><p>it is not reasonably practicable to realise the cryptoassets in question, or</p></content></level><level class="para1"><num>(b)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></subsection><subsection><num>(9B)</num><intro><p>An order conferring that power—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the court’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may confer power to destroy the cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(9C)</num><content><p>If the receiver destroys any cryptoassets in the exercise of that power, the defendant is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-21" class="schProv1"><num>21</num><subparagraph eId="schedule-8-paragraph-21-1"><num>(1)</num><content><p>Section 127C (power to seize property) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-21-2"><num>(2)</num><content><p><mod>In subsection (2), after “not” insert <quotedText>“under subsection (1)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-21-3"><num>(3)</num><content><p><mod>After subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(5A)</num><content><p>On being satisfied as mentioned in section 127B(1) an appropriate officer may seize any free property if the officer has reasonable grounds for suspecting that it is a cryptoasset-related item.</p></content></subsection><subsection><num>(5B)</num><content><p>A “cryptoasset-related item” is an item of property that is, or that contains or gives access to information that is, likely to assist in the seizure under subsection (1) of any cryptoasset.</p></content></subsection><subsection><num>(5C)</num><content><p>The circumstances in which a cryptoasset is “<term refersTo="#term-seized">seized</term>” for the purposes of subsection (1) include circumstances in which it is transferred into a crypto wallet controlled by the appropriate officer.</p></content></subsection><subsection><num>(5D)</num><intro><p>If an appropriate officer is lawfully on any premises, the officer may, for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>determining whether any property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>enabling or facilitating the seizure under subsection (1) of any cryptoasset,</p></content></level><wrapUp><p>require any information which is stored in any electronic form and accessible from the premises to be produced in a form in which it can be taken away and in which it is visible and legible, or from which it can readily be produced in a visible and legible form.</p></wrapUp></subsection><subsection><num>(5E)</num><content><p>But subsection (5D) does not authorise an appropriate officer to require a person to produce any items subject to legal privilege (as defined in section 412).</p></content></subsection><subsection><num>(5F)</num><intro><p>Where an appropriate officer has seized a cryptoasset-related item under subsection (5A), they may use any information obtained from it for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>identifying or gaining access to a crypto wallet, and</p></content></level><level class="para1"><num>(b)</num><content><p>by doing so, enabling or facilitating the seizure under subsection (1) of any cryptoassets.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-12-paragraph-2" class="schProv1"><num>2</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-11" class="schProv1"><num>11</num><subparagraph eId="schedule-8-paragraph-11-1"><num>(1)</num><content><p>Section 67 (seized money) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-11-2"><num>(2)</num><content><p><mod>In subsection (1)(b), for “bank or a building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-11-3"><num>(3)</num><intro><p>In subsection (5A)—</p></intro><level class="para1" eId="schedule-8-paragraph-11-3-a"><num>(a)</num><content><p><mod>for “a bank or building society” substitute <quotedText>“a relevant financial institution”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-8-paragraph-11-3-b"><num>(b)</num><content><p><mod>for “the bank or building society” substitute <quotedText>“the relevant financial institution”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-8-paragraph-11-4"><num>(4)</num><content><p><mod>In subsection (6), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-11-5"><num>(5)</num><content><p><mod>In subsection (7A), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-11-6"><num>(6)</num><intro><p>In subsection (8)—</p></intro><level class="para1" eId="schedule-8-paragraph-11-6-a"><num>(a)</num><content><p><mod>in paragraph (a) of the definition of “appropriate person”, for the words from “a bank” to the end substitute <quotedText>“a relevant financial institution, the relevant financial institution”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-8-paragraph-11-6-b"><num>(b)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-electronic-money-institution">electronic money institution</term>” has the same meaning as in the Electronic Money Regulations 2011 (<ref eId="c00038" href="http://www.legislation.gov.uk/id/uksi/2011/99">S.I. 2011/99</ref>) (see regulation 2 of those Regulations);</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-payment-institution">payment institution</term>” means an authorised payment institution or a small payment institution (each as defined in regulation 2 of the Payment Services Regulations 2017 (<ref eId="c00039" href="http://www.legislation.gov.uk/id/uksi/2017/752">S.I. 2017/752</ref>));</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-financial-institution">relevant financial institution</term>” means a bank, a building society, an electronic money institution or a payment institution;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-8-paragraph-11-7"><num>(7)</num><content><p><mod>For the heading substitute <quotedText>“Money”</quotedText>.</mod></p></content></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-8-paragraph-22" class="schProv1"><num>22</num><content><p><mod>In section 127Q (release of property), in subsection (3)(b), at the end insert <quotedText>“or (5A)”</quotedText>.</mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-12-paragraph-3" class="schProv1"><num>3</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-3-a"><num>(a)</num><content><p>fraud;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-3-b"><num>(b)</num><content><p>uttering;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-3-c"><num>(c)</num><content><p>embezzlement;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-12-paragraph-3-d"><num>(d)</num><content><p>theft.</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-12" class="schProv1"><num>12</num><content><p><mod>After section 67 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>67ZA</num><heading>Cryptoassets</heading><subsection><num>(1)</num><intro><p>This section applies to cryptoassets which—</p></intro><level class="para1"><num>(a)</num><content><p>are held by a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>are held in a crypto wallet administered by a UK-connected cryptoasset service provider,</p></content></level><wrapUp><p>but only so far as the cryptoassets are free property.</p></wrapUp></subsection><subsection><num>(2)</num><intro><p>Subsection (3) applies if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against a person holding cryptoassets to which this section applies, and</p></content></level><level class="para1"><num>(b)</num><content><p>a receiver has not been appointed under section 50 in relation to the cryptoassets.</p></content></level></subsection><subsection><num>(3)</num><intro><p>A magistrates’ court may order the UK-connected cryptoasset service provider which administers the crypto wallet in which the cryptoassets are held—</p></intro><level class="para1"><num>(a)</num><content><p>to realise the cryptoassets, or a portion of the cryptoassets having a specified value,</p></content></level><level class="para1"><num>(b)</num><content><p>to pay the proceeds of that realisation to the designated officer for the court on account of, and up to a maximum of, the amount payable under the confiscation order, and</p></content></level><level class="para1"><num>(c)</num><content><p>to the extent that the proceeds of the realisation exceed the amount payable under the confiscation order, to pay the excess to an appropriate officer identified in the order.</p></content></level><wrapUp><p>“<term refersTo="#term-appropriate-officer">Appropriate officer</term>” has the same meaning as in section 41A.</p></wrapUp></subsection><subsection><num>(4)</num><content><p>A person applying for an order under subsection (3) must give notice of the application to the UK-connected cryptoasset service provider.</p></content></subsection><subsection><num>(5)</num><intro><p>Where the crypto wallet in which the cryptoassets are held is administered on behalf of someone other than the person against whom the confiscation order is made, a magistrates’ court—</p></intro><level class="para1"><num>(a)</num><content><p>may make an order under subsection (3) only if the extent of the person’s interest in the money has been determined under section 10A, and</p></content></level><level class="para1"><num>(b)</num><content><p>must have regard to that determination in deciding what is the appropriate order to make.</p></content></level></subsection><subsection><num>(6)</num><intro><p>If a UK-connected cryptoasset service provider fails to comply with an order under subsection (3)—</p></intro><level class="para1"><num>(a)</num><content><p>the magistrates’ court may order it to pay an amount not exceeding £5,000, and</p></content></level><level class="para1"><num>(b)</num><content><p>for the purposes of the Magistrates’ Courts Act 1980 the sum is to be treated as adjudged to be paid by a conviction of the court.</p></content></level></subsection><subsection><num>(7)</num><content><p>In order to take account of changes in the value of money the Secretary of State may by order substitute another sum for the sum for the time being specified in subsection (6)(a).</p></content></subsection><subsection><num>(8)</num><intro><p>Where a UK-connected cryptoasset service provider—</p></intro><level class="para1"><num>(a)</num><content><p>is required by an order under subsection (3) to realise a portion of cryptoassets having a specified value, but</p></content></level><level class="para1"><num>(b)</num><content><p>on realising cryptoassets under the order, obtains proceeds of an amount which differs from that value,</p></content></level><wrapUp><p>it does not fail to comply with the order solely because of that difference in value, provided that it took reasonable steps to obtain proceeds equal to the value specified.</p></wrapUp></subsection></section><section><num>67ZB</num><heading>Meaning of “UK-connected cryptoasset service provider”</heading><subsection><num>(1)</num><intro><p>“UK-connected cryptoasset service provider” in section 67ZA means a cryptoasset service provider which—</p></intro><level class="para1"><num>(a)</num><content><p>is acting in the course of business carried on by it in the United Kingdom,</p></content></level><level class="para1"><num>(b)</num><content><p>has terms and conditions with the persons to whom it provides services which provide for a legal dispute to be litigated in the courts of a part of the United Kingdom,</p></content></level><level class="para1"><num>(c)</num><content><p>holds in the United Kingdom any data relating to the persons to whom it provides services, or</p></content></level><level class="para1"><num>(d)</num><content><p>meets the condition in subsection (2).</p></content></level></subsection><subsection><num>(2)</num><intro><p>The condition in this subsection is that—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider has its registered office or, if it does not have one, its head office in the United Kingdom, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in the United Kingdom.</p></content></level></subsection><subsection><num>(3)</num><intro><p>“Cryptoasset service provider” in subsections (1) and (2) includes a cryptoasset exchange provider and a custodian wallet provider; and for this purpose—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para1"><num>(a)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets;</p></content></level><level class="para1"><num>(b)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another;</p></content></level><level class="para1"><num>(c)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para1"><num>(b)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets.</p></content></level></hcontainer></subsection><subsection><num>(4)</num><content><p>In the definition of “cryptoasset exchange provider” in subsection (3), “<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, a cryptoasset.</p></content></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions in subsection (3) (including by amending subsection (4)).</p></content></subsection></section></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-13" class="schProv1"><num>13</num><content><p><mod>After section 67A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>67AA</num><heading>Destruction of seized cryptoassets</heading><subsection><num>(1)</num><content><p>This section applies to cryptoassets which are held by a person and which have been seized by an appropriate officer under a relevant seizure power.</p></content></subsection><subsection><num>(2)</num><intro><p>A magistrates’ court may by order authorise an appropriate officer to destroy the cryptoassets if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against the person by whom the cryptoassets are held,</p></content></level><level class="para1"><num>(b)</num><content><p>a receiver has not been appointed under section 50 in relation to the cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>it is not reasonably practicable to realise the cryptoassets, or</p></content></level><level class="para2"><num>(ii)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></level></subsection><subsection><num>(3)</num><intro><p>An order under this section—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the court’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may authorise the destruction of cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(4)</num><content><p>Before making an order under this section, the court must give persons who hold interests in the cryptoassets a reasonable opportunity to make representations to it.</p></content></subsection><subsection><num>(5)</num><content><p>If cryptoassets held by a person are destroyed following an order under this section, the person is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-appropriate-officer">appropriate officer</term>” and “<term refersTo="#term-relevant-seizure-power">relevant seizure power</term>” have the same meaning as in section 41A.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-8-paragraph-14" class="schProv1"><num>14</num><subparagraph eId="schedule-8-paragraph-14-1"><num>(1)</num><content><p>Section 67C (sections 67A and 67B: appeals) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-14-2"><num>(2)</num><content><p><mod>In subsection (1), for “67A” substitute <quotedText>“67ZA(3), 67A(3) or 67AA(2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-14-3"><num>(3)</num><content><p><mod>In subsection (2), for “67A” substitute <quotedText>“67ZA(3), 67A(3) or 67AA(2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-14-4"><num>(4)</num><content><p><mod>In subsection (3), for “67A(2)(a)” substitute <quotedText>“67ZA(2)(a), 67A(3)(a) or 67AA(2)(a) (as applicable)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-14-5"><num>(5)</num><content><p><mod>In the heading, for “67A and” substitute <quotedText>“67ZA to”</quotedText>.</mod></p></content></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-8-paragraph-15" class="schProv1"><num>15</num><content><p><mod>In section 67D (proceeds of realisation), in subsection (1)(b), after “section” insert <quotedText>“67ZA or”</quotedText>.</mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-8-paragraph-16" class="schProv1"><num>16</num><content><p><mod>For the italic heading before section 67, substitute <quotedText>“Enforcement: money, cryptoassets and personal property”</quotedText>.</mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-17" class="schProv1"><num>17</num><content><p><mod>In section 69 (powers of court and receiver etc), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>Subsection (2)(a) does not apply to—</p></intro><level class="para1"><num>(a)</num><content><p>the power conferred on a court by paragraph (e) of section 51(2) (which enables the court to give a receiver the power to destroy cryptoassets),</p></content></level><level class="para1"><num>(b)</num><content><p>a power conferred on a receiver by virtue of that paragraph, or</p></content></level><level class="para1"><num>(c)</num><content><p>the power conferred on a magistrates’ court by section 67AA (power to order destruction of cryptoassets).</p></content></level></subsection></quotedStructure></mod></p></content></paragraph>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content><p>“<term refersTo="#term-the-right-to-freedom-of-speech" eId="term-the-right-to-freedom-of-speech">the right to freedom of speech</term>” means the right set out in Article 10 of the European Convention on Human Rights (freedom of expression) so far as it consists of a right to impart ideas, opinions or information by means of speech, writing or images (including in electronic form).</p></content></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content><p>“<term refersTo="#term-customer-due-diligence-measures" eId="term-customer-due-diligence-measures">customer due diligence measures</term>” has the meaning given by regulation 3(1) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (<ref eId="c00025" href="http://www.legislation.gov.uk/id/uksi/2017/692">S.I. 2017/692</ref>);</p></content></hcontainer>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(a)</num><content><p>the making of decisions about how the whole or a substantial part of the activities of the body corporate or (as the case may be) partnership are to be managed or organised, or</p></content></level>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-1"><num>SCHEDULE 1<authorialNote class="referenceNote"><p>Section 49</p></authorialNote></num><heading>Register of members: consequential amendments</heading><paragraph eId="schedule-1-paragraph-1" class="schProv1"><num>1</num><content><p>The Companies Act 2006 is amended as follows.</p></content></paragraph><paragraph eId="schedule-1-paragraph-2" class="schProv1"><num>2</num><content><p>In section 112 (the members of a company), omit subsection (3).</p></content></paragraph><paragraph eId="schedule-1-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-1-paragraph-3-1"><num>(1)</num><content><p>Section 127 (register to be evidence) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-1-paragraph-3-2"><num>(2)</num><content><p>The existing text becomes subsection (1).</p></content></subparagraph><subparagraph eId="schedule-1-paragraph-3-3"><num>(3)</num><content><p><mod>In that subsection “for section 128H” substitute <quotedText>“subsection (2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-1-paragraph-3-4"><num>(4)</num><content><p><mod>After that subsection insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><content><p>The central register is prima facie evidence of any matters about which a company was required to deliver information to the registrar under Chapter 2A by virtue of an election under section 128B at any time before the repeal of that Chapter (including that section) by the Economic Crime and Corporate Transparency Act 2023.</p></content></subsection><subsection><num>(3)</num><content><p>Subsection <ref href="#schedule-1-paragraph-3-2">(2)</ref> does not apply to information required to be included in a statement under section 128B(5)(b) or in any updated statement under section 128B(6) before their repeal by that Act.</p></content></subsection><subsection><num>(4)</num><content><p>In this section “<term refersTo="#term-the-central-register">the central register</term>” means the register kept by the registrar (see section 1080).</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-1-paragraph-4" class="schProv1"><num>4</num><content><p>In section 129 (overseas branch registers), omit subsection (6).</p></content></paragraph><paragraph eId="schedule-1-paragraph-5" class="schProv1"><num>5</num><content><p>In section 286 (votes of joint holders of shares), in subsection (2), omit the words from “(or” to “section 1080)”.</p></content></paragraph><paragraph eId="schedule-1-paragraph-6" class="schProv1"><num>6</num><content><p>In section 311 (contents of notices of meetings), in subsection (3)(b)(i), omit the words from “(or” to “section 1080)”.</p></content></paragraph><paragraph eId="schedule-1-paragraph-7" class="schProv1"><num>7</num><content><p>In section 360B (traded companies: requirements for participating in and voting at general meetings), omit subsection (5).</p></content></paragraph><paragraph eId="schedule-1-paragraph-8" class="schProv1"><num>8</num><content><p>In section 554 (registration of allotment), omit subsection (2A).</p></content></paragraph><paragraph eId="schedule-1-paragraph-9" class="schProv1"><num>9</num><content><p>In section 558 (when shares are allotted), omit the words from “(or” to “registrar)”.</p></content></paragraph><paragraph eId="schedule-1-paragraph-10" class="schProv1"><num>10</num><content><p>In section 588 (liability of subsequent holders of shares), in subsection (3)(a), omit the words from “(or” to “registrar)”.</p></content></paragraph><paragraph eId="schedule-1-paragraph-11" class="schProv1"><num>11</num><content><p>In section 605 (liability of subsequent holders of shares), in subsection (4)(a), omit the words from “(or” to “registrar)”.</p></content></paragraph><paragraph eId="schedule-1-paragraph-12" class="schProv1"><num>12</num><content><p>In section 616 (interpretation of Chapter 7), in subsection (3), omit the words from “(or” to “registrar)”.</p></content></paragraph><paragraph eId="schedule-1-paragraph-13" class="schProv1"><num>13</num><content><p>In section 655 (shares no bar to damages against company), omit the words from “(or” to “registrar)”.</p></content></paragraph><paragraph eId="schedule-1-paragraph-14" class="schProv1"><num>14</num><content><p>In section 724 (Treasury shares), in subsection (4), omit the words from “(or” to “Part 8)”.</p></content></paragraph><paragraph eId="schedule-1-paragraph-15" class="schProv1"><num>15</num><content><p>In section 770 (registration of transfer), omit subsection (3).</p></content></paragraph><paragraph eId="schedule-1-paragraph-16" class="schProv1"><num>16</num><content><p>In section 771 (procedure on transfer being lodged), omit subsection (2A).</p></content></paragraph><paragraph eId="schedule-1-paragraph-17" class="schProv1"><num>17</num><intro><p>In section 772 (transfer of shares on application of transferor)—</p></intro><level class="para1" eId="schedule-1-paragraph-17-a"><num>(a)</num><content><p>omit the words from “(or” to “Part 8)”;</p></content></level><level class="para1" eId="schedule-1-paragraph-17-b"><num>(b)</num><content><p>omit “(or delivery)”.</p></content></level></paragraph><paragraph eId="schedule-1-paragraph-18" class="schProv1"><num>18</num><content><p>In section 786 (provision enabling or requiring arrangements to be adopted), in subsection (3)(a), omit the words from “(or” to “Part 8)”.</p></content></paragraph><paragraph eId="schedule-1-paragraph-19" class="schProv1"><num>19</num><content><p>In section 853B (duties to notify a relevant event), omit paragraph (b).</p></content></paragraph><paragraph eId="schedule-1-paragraph-20" class="schProv1"><num>20</num><content><p>In section 853F (duty to deliver shareholder information: non-traded companies), in subsection (1), omit paragraph (b) and the “and” before it.</p></content></paragraph><paragraph eId="schedule-1-paragraph-21" class="schProv1"><num>21</num><content><p>In section 1028A (administrative restoration of company with share warrants), in subsection (7), omit paragraph (b) and the “or” before it.</p></content></paragraph><paragraph eId="schedule-1-paragraph-22" class="schProv1"><num>22</num><content><p>In section 1032A (restoration by court of company with share warrants), in subsection (8), omit paragraph (b) and the “or” before it.</p></content></paragraph><paragraph eId="schedule-1-paragraph-23" class="schProv1"><num>23</num><subparagraph eId="schedule-1-paragraph-23-1"><num>(1)</num><content><p>Section 1081 (annotation of the register) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-1-paragraph-23-2"><num>(2)</num><content><p>Omit subsection (1A).</p></content></subparagraph><subparagraph eId="schedule-1-paragraph-23-3"><num>(3)</num><content><p>In subsection (6), omit “or (1A)”.</p></content></subparagraph></paragraph><paragraph eId="schedule-1-paragraph-24" class="schProv1"><num>24</num><content><p>In section 1136 (regulations about where certain company records to be kept available for inspection), in subsection (2), omit the entry for section 128D (historic register of members).</p></content></paragraph><paragraph eId="schedule-1-paragraph-25" class="schProv1"><num>25</num><content><p>In Schedule 5 (communications by a company), in paragraph 16, omit sub-paragraph (3A).</p></content></paragraph></hcontainer>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-1" class="schProv1"><num>1</num><content><p>The Companies Act 2006 is amended as follows.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-2" class="schProv1"><num>2</num><content><p>In section 112 (the members of a company), omit subsection (3).</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-1-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-1-paragraph-3-1"><num>(1)</num><content><p>Section 127 (register to be evidence) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-1-paragraph-3-2"><num>(2)</num><content><p>The existing text becomes subsection (1).</p></content></subparagraph><subparagraph eId="schedule-1-paragraph-3-3"><num>(3)</num><content><p><mod>In that subsection “for section 128H” substitute <quotedText>“subsection (2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-1-paragraph-3-4"><num>(4)</num><content><p><mod>After that subsection insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><content><p>The central register is prima facie evidence of any matters about which a company was required to deliver information to the registrar under Chapter 2A by virtue of an election under section 128B at any time before the repeal of that Chapter (including that section) by the Economic Crime and Corporate Transparency Act 2023.</p></content></subsection><subsection><num>(3)</num><content><p>Subsection <ref href="#schedule-1-paragraph-3-2">(2)</ref> does not apply to information required to be included in a statement under section 128B(5)(b) or in any updated statement under section 128B(6) before their repeal by that Act.</p></content></subsection><subsection><num>(4)</num><content><p>In this section “<term refersTo="#term-the-central-register">the central register</term>” means the register kept by the registrar (see section 1080).</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-4" class="schProv1"><num>4</num><content><p>In section 129 (overseas branch registers), omit subsection (6).</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-5" class="schProv1"><num>5</num><content><p>In section 286 (votes of joint holders of shares), in subsection (2), omit the words from “(or” to “section 1080)”.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-6" class="schProv1"><num>6</num><content><p>In section 311 (contents of notices of meetings), in subsection (3)(b)(i), omit the words from “(or” to “section 1080)”.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-7" class="schProv1"><num>7</num><content><p>In section 360B (traded companies: requirements for participating in and voting at general meetings), omit subsection (5).</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-8" class="schProv1"><num>8</num><content><p>In section 554 (registration of allotment), omit subsection (2A).</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-9" class="schProv1"><num>9</num><content><p>In section 558 (when shares are allotted), omit the words from “(or” to “registrar)”.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-10" class="schProv1"><num>10</num><content><p>In section 588 (liability of subsequent holders of shares), in subsection (3)(a), omit the words from “(or” to “registrar)”.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-11" class="schProv1"><num>11</num><content><p>In section 605 (liability of subsequent holders of shares), in subsection (4)(a), omit the words from “(or” to “registrar)”.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-12" class="schProv1"><num>12</num><content><p>In section 616 (interpretation of Chapter 7), in subsection (3), omit the words from “(or” to “registrar)”.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-13" class="schProv1"><num>13</num><content><p>In section 655 (shares no bar to damages against company), omit the words from “(or” to “registrar)”.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-14" class="schProv1"><num>14</num><content><p>In section 724 (Treasury shares), in subsection (4), omit the words from “(or” to “Part 8)”.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-15" class="schProv1"><num>15</num><content><p>In section 770 (registration of transfer), omit subsection (3).</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-16" class="schProv1"><num>16</num><content><p>In section 771 (procedure on transfer being lodged), omit subsection (2A).</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-17" class="schProv1"><num>17</num><intro><p>In section 772 (transfer of shares on application of transferor)—</p></intro><level class="para1" eId="schedule-1-paragraph-17-a"><num>(a)</num><content><p>omit the words from “(or” to “Part 8)”;</p></content></level><level class="para1" eId="schedule-1-paragraph-17-b"><num>(b)</num><content><p>omit “(or delivery)”.</p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-17-a"><num>(a)</num><content><p>omit the words from “(or” to “Part 8)”;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-17-b"><num>(b)</num><content><p>omit “(or delivery)”.</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-18" class="schProv1"><num>18</num><content><p>In section 786 (provision enabling or requiring arrangements to be adopted), in subsection (3)(a), omit the words from “(or” to “Part 8)”.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-19" class="schProv1"><num>19</num><content><p>In section 853B (duties to notify a relevant event), omit paragraph (b).</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-20" class="schProv1"><num>20</num><content><p>In section 853F (duty to deliver shareholder information: non-traded companies), in subsection (1), omit paragraph (b) and the “and” before it.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-21" class="schProv1"><num>21</num><content><p>In section 1028A (administrative restoration of company with share warrants), in subsection (7), omit paragraph (b) and the “or” before it.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-22" class="schProv1"><num>22</num><content><p>In section 1032A (restoration by court of company with share warrants), in subsection (8), omit paragraph (b) and the “or” before it.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-23" class="schProv1"><num>23</num><subparagraph eId="schedule-1-paragraph-23-1"><num>(1)</num><content><p>Section 1081 (annotation of the register) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-1-paragraph-23-2"><num>(2)</num><content><p>Omit subsection (1A).</p></content></subparagraph><subparagraph eId="schedule-1-paragraph-23-3"><num>(3)</num><content><p>In subsection (6), omit “or (1A)”.</p></content></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-24" class="schProv1"><num>24</num><content><p>In section 1136 (regulations about where certain company records to be kept available for inspection), in subsection (2), omit the entry for section 128D (historic register of members).</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-25" class="schProv1"><num>25</num><content><p>In Schedule 5 (communications by a company), in paragraph 16, omit sub-paragraph (3A).</p></content></paragraph>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-2"><num>SCHEDULE 2<authorialNote class="referenceNote"><p>Section 51</p></authorialNote></num><heading>Abolition of certain local registers</heading><part eId="schedule-2-part-1"><num>PART 1</num><heading>Register of directors</heading><paragraph eId="schedule-2-paragraph-1" class="schProv1"><num>1</num><content><p>The Companies Act 2006 is amended as follows.</p></content></paragraph><paragraph eId="schedule-2-paragraph-2" class="schProv1"><num>2</num><intro><p>Omit—</p></intro><level class="para1" eId="schedule-2-paragraph-2-a"><num>(a)</num><content><p>sections 161A to 167F (register of directors etc);</p></content></level><level class="para1" eId="schedule-2-paragraph-2-b"><num>(b)</num><content><p>the italic heading before section 161A.</p></content></level></paragraph><paragraph eId="schedule-2-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-2-paragraph-3-1"><num>(1)</num><content><p><mod>Before section 168 (and before the italic heading before that section) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Notification of information about directors</heading><section eId="d28e32750"><num>167G</num><heading>Duty to notify registrar of change in directors</heading><subsection eId="d28e32754"><num>(1)</num><intro><p>A company must give notice to the registrar if a person—</p></intro><level class="para1" eId="d28e32760"><num>(a)</num><content><p>becomes a director of the company, or</p></content></level><level class="para1"><num>(b)</num><content><p>ceases to be a director of the company.</p></content></level></subsection><subsection><num>(2)</num><content><p>The notice must specify the date on which the person became or ceased to be a director of the company.</p></content></subsection><subsection><num>(3)</num><intro><p>A notice under subsection (1)(a) of a person having become a director must contain—</p></intro><level class="para1"><num>(a)</num><content><p>a statement of the required information about the new director (see sections 167J and 167K);</p></content></level><level class="para1"><num>(b)</num><content><p>a statement by the company that the person has consented to act in that capacity;</p></content></level><level class="para1" eId="d28e32796"><num>(c)</num><content><p>if the person is an individual, a statement that their identity is verified (see section 1110A);</p></content></level><level class="para1"><num>(d)</num><intro><p>a statement that the person is not—</p></intro><level class="para2"><num>(i)</num><content><p>disqualified under the directors disqualification legislation (see section 159A(2)), or</p></content></level><level class="para2"><num>(ii)</num><content><p>otherwise ineligible by virtue of any enactment for appointment as a director;</p></content></level></level><level class="para1" eId="d28e32820"><num>(e)</num><intro><p>if the person would be disqualified under the directors disqualification legislation but for the permission of a court to act, a statement to that effect specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the court by which permission was given, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the date on which permission was given.</p></content></level></level><level class="para1"><num>(f)</num><intro><p>if the person would be disqualified under the directors disqualification legislation by virtue of section 11A of the Company Directors Disqualification Act 1986 or Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002 (designated persons under sanctions legislation) but for the authority of a licence of the kind mentioned in that section or Article, a statement to that effect specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the date on which the licence was issued, and</p></content></level><level class="para2"><num>(ii)</num><content><p>by whom it was issued.</p></content></level></level></subsection><subsection><num>(4)</num><content><p>In subsection (3)(e) “<term refersTo="#term-permission-of-a-court-to-act">permission of a court to act</term>” means permission of a court under a provision mentioned in column 2 of the table in section 159A(2).</p></content></subsection><subsection><num>(5)</num><content><p>Subsection (1)(a) does not require a company, on its incorporation, to give notice in relation to a person named as a proposed director in the statement under section 12.</p></content></subsection><subsection eId="d28e32871"><num>(6)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the person becomes or ceases to be a director.</p></content></subsection></section><section><num>167H</num><heading>Duty to notify registrar of changes of information</heading><subsection eId="d28e32884"><num>(1)</num><content><p>A company must give notice to the registrar of any change in the required information about a director (see sections 167J and 167K).</p></content></subsection><subsection><num>(2)</num><content><p>The notice must specify the date on which the change occurred.</p></content></subsection><subsection><num>(3)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection><subsection eId="d28e32902"><num>(4)</num><content><p>Where a company gives notice of a change of a director’s service address but not their residential address, the notice must contain a statement that the residential address is unchanged.</p></content></subsection></section><section eId="d28e32911"><num>167I</num><heading>Notification of changes occurring before company’s incorporation</heading><subsection eId="d28e32915"><num>(1)</num><content><p>A company must give notice to the registrar if a person named in the statement under section 12 as a proposed director of the company did not become a director on its incorporation.</p></content></subsection><subsection eId="d28e32921"><num>(2)</num><intro><p>A company must give notice to the registrar of any change in the required information about a proposed director that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for the company’s registration under section 9 was delivered to the registrar, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the company was incorporated.</p></content></level></subsection><subsection><num>(3)</num><content><p>But a company is not required to give notice under subsection (2) in respect of a person if it gives notice under subsection (1) in respect of the person.</p></content></subsection><subsection><num>(4)</num><content><p>A notice under subsection (2) must specify the date on which the change occurred.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the company was incorporated.</p></content></subsection></section><section><num>167J</num><heading>Required information about a director: individuals</heading><subsection><num>(1)</num><intro><p>The required information about a director (or proposed director) who is an individual is—</p></intro><level class="para1"><num>(a)</num><content><p>name, date of birth and nationality;</p></content></level><level class="para1"><num>(b)</num><content><p>any relevant former names;</p></content></level><level class="para1"><num>(c)</num><content><p>a service address (which may be stated as “The company’s registered office”);</p></content></level><level class="para1"><num>(d)</num><content><p>usual residential address;</p></content></level><level class="para1"><num>(e)</num><content><p>the part of the United Kingdom in which the individual is usually resident or, if the individual is usually resident in a country or state outside the United Kingdom, that country or state.</p></content></level></subsection><subsection><num>(2)</num><intro><p>In subsection (1)(b) “<term refersTo="#term-relevant-former-name">relevant former name</term>” means any former name other than—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a peer, or an individual normally known by a British title, the name by which the individual was known previous to the adoption of or succession to the title, or</p></content></level><level class="para1"><num>(b)</num><intro><p>in the case of any person—</p></intro><level class="para2"><num>(i)</num><content><p>a former name which was changed or disused before the person attained the age of 16 years,</p></content></level><level class="para2"><num>(ii)</num><content><p>a former name which has been changed or disused for 20 years or more, or</p></content></level><level class="para2"><num>(iii)</num><content><p>a former name which the registrar is required to refrain from making available for public inspection or from disclosing (or both) by virtue of regulations under section 1088(1)(a) or (b).</p></content></level></level></subsection><subsection><num>(3)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-former-name">former name</term>” means a name by which the individual was formerly known for business purposes;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-name">name</term>” means the individual’s forename and surname.</p></content></hcontainer></subsection><subsection eId="d28e33060"><num>(4)</num><content><p>Where a director (or proposed director) is a peer or an individual usually known by a title, any requirement imposed by this Act to provide the individual’s name because it forms part of the required information may be satisfied by providing that title instead of the individual’s forename and surname.</p></content></subsection><subsection><num>(5)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>amend this section so as to change the required information about a director (or proposed director) who is an individual;</p></content></level><level class="para1"><num>(b)</num><content><p>repeal subsection (4).</p></content></level></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section><num>167K</num><heading>Required information about a director: corporate directors and firms</heading><subsection><num>(1)</num><intro><p>The required information about a director (or proposed director) that is a body corporate, or a firm that is a legal person under the law by which it is governed, is—</p></intro><level class="para1"><num>(a)</num><content><p>corporate or firm name;</p></content></level><level class="para1"><num>(b)</num><content><p>principal office;</p></content></level><level class="para1"><num>(c)</num><content><p>a service address (which may be stated as “The company’s registered office”);</p></content></level><level class="para1"><num>(d)</num><content><p>in the case of a limited company that is a UK-registered company, the registered number;</p></content></level><level class="para1"><num>(e)</num><intro><p>in any other case, particulars of—</p></intro><level class="para2"><num>(i)</num><content><p>the legal form of the body corporate or firm and the law by which it is governed, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if applicable, the register in which it is entered (including details of the state) and its registration number in that register.</p></content></level></level></subsection><subsection><num>(2)</num><content><p>The Secretary of State may by regulations amend this section so as to change the required information about a director (or proposed director) of a description mentioned in subsection (1).</p></content></subsection><subsection><num>(3)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section eId="d28e33160"><num>167L</num><heading>Directors: offence of failure to notify of changes</heading><subsection><num>(1)</num><intro><p>If a company fails, without reasonable excuse, to comply with section 167G, 167H or 167I, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(2)</num><content><p>For this purpose a shadow director is treated as an officer of the company.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></section></hcontainer></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-2-paragraph-3-2"><num>(2)</num><intro><p>The provision that may be made under section 220(1) in connection with the coming into force of this paragraph includes—</p></intro><level class="para1" eId="schedule-2-paragraph-3-2-a"><num>(a)</num><content><p>provision requiring a company to deliver to the registrar, at the same time as a confirmation statement, a statement, in respect of any individual who became a director of the company (otherwise than on its incorporation) before the coming into force of this paragraph, confirming that the individual’s identity is verified (within the meaning of section 1110A of the Companies Act 2006), and</p></content></level><level class="para1" eId="schedule-2-paragraph-3-2-b"><num>(b)</num><content><p>provision for section 853A(1)(b)(i) of the Companies Act 2006 (as substituted by section 59 of this Act) to have effect as if it included a reference to the duty imposed by virtue of paragraph (a).</p></content></level></subparagraph><subparagraph eId="schedule-2-paragraph-3-3"><num>(3)</num><intro><p>In sub-paragraph (2)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-confirmation-statement" eId="term-confirmation-statement">confirmation statement</term>” has the meaning given by section 853A of the Companies Act 2006;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Companies Acts (see section 1060 of the Companies Act 2006).</p></content></hcontainer></subparagraph></paragraph></part><part eId="schedule-2-part-2"><num>PART 2</num><heading>Register of secretaries</heading><paragraph eId="schedule-2-paragraph-4" class="schProv1"><num>4</num><content><p>The Companies Act 2006 is amended as follows.</p></content></paragraph><paragraph eId="schedule-2-paragraph-5" class="schProv1"><num>5</num><content><p>Omit sections 274A to 279F (register of secretaries etc) (including the italic heading before section 279A).</p></content></paragraph><paragraph eId="schedule-2-paragraph-6" class="schProv1"><num>6</num><content><p><mod>Before section 280 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Notification of information about secretaries</heading><section><num>279G</num><heading>Duty to notify registrar of change in secretary or joint secretary</heading><subsection><num>(1)</num><intro><p>A company must give notice to the registrar if a person—</p></intro><level class="para1" eId="d28e33293"><num>(a)</num><content><p>becomes the secretary or one of the joint secretaries of the company, or</p></content></level><level class="para1"><num>(b)</num><content><p>ceases to be the secretary or one of the joint secretaries of the company.</p></content></level></subsection><subsection><num>(2)</num><content><p>The notice must specify the date on which the person became or ceased to be the secretary or one of the joint secretaries of the company.</p></content></subsection><subsection><num>(3)</num><intro><p>A notice under subsection (1)(a) must contain—</p></intro><level class="para1"><num>(a)</num><content><p>a statement of the required information about the secretary or joint secretary (see sections 279J and 279K), and</p></content></level><level class="para1"><num>(b)</num><content><p>a statement by the company that the person has consented to act in that capacity.</p></content></level></subsection><subsection><num>(4)</num><content><p>Subsection (1)(a) does not require a company, on its incorporation, to give notice in relation to a person named as the proposed secretary or one of the proposed joint secretaries of the company in the statement under section 12.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the person becomes or ceases to be the secretary or a joint secretary.</p></content></subsection></section><section><num>279H</num><heading>Duty to notify registrar of changes of information</heading><subsection eId="d28e33348"><num>(1)</num><content><p>A company must give notice to the registrar of any change in the required information about the secretary or one of the joint secretaries of the company (see sections 279J and 279K).</p></content></subsection><subsection><num>(2)</num><content><p>The notice must specify the date on which the change occurred.</p></content></subsection><subsection><num>(3)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection></section><section eId="d28e33369"><num>279I</num><heading>Notification of changes occurring before company’s incorporation</heading><subsection eId="d28e33373"><num>(1)</num><intro><p>A company must give notice to the registrar if—</p></intro><level class="para1"><num>(a)</num><content><p>a person named in the statement under section 12 as the proposed secretary of the company did not become the secretary on its incorporation, or</p></content></level><level class="para1"><num>(b)</num><content><p>a person named in the statement under section 12 as one of the proposed joint secretaries of the company become did not become one of the joint secretaries on its incorporation.</p></content></level></subsection><subsection eId="d28e33391"><num>(2)</num><intro><p>A company must give notice to the registrar of any change in the required information about a proposed secretary, or one of the proposed joint secretaries, that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for the company’s registration under section 9 was delivered to the registrar, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the company was incorporated.</p></content></level></subsection><subsection><num>(3)</num><content><p>But a company is not required to give notice under subsection (2) in respect of a person if it gives notice under subsection (1) in respect of the person.</p></content></subsection><subsection><num>(4)</num><content><p>A notice under subsection (2) must specify the date on which the change occurred.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the company was incorporated.</p></content></subsection></section><section><num>279J</num><heading>Required information about a secretary etc: individuals</heading><subsection><num>(1)</num><intro><p>The required information about a secretary or joint secretary (or proposed secretary or joint secretary) who is an individual is—</p></intro><level class="para1"><num>(a)</num><content><p>name;</p></content></level><level class="para1" eId="d28e33446"><num>(b)</num><content><p>any relevant former names;</p></content></level><level class="para1"><num>(c)</num><content><p>a service address (which may be stated as “The company’s registered office”).</p></content></level></subsection><subsection eId="d28e33458"><num>(2)</num><intro><p>In subsection (1)(b) “<term refersTo="#term-relevant-former-name">relevant former name</term>” means any former name other than—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a peer, or an individual normally known by a British title, the name by which the individual was known previous to the adoption of or succession to the title, or</p></content></level><level class="para1"><num>(b)</num><intro><p>in the case of any person—</p></intro><level class="para2"><num>(i)</num><content><p>a former name which was changed or disused before the person attained the age of 16 years,</p></content></level><level class="para2"><num>(ii)</num><content><p>a former name which has been changed or disused for 20 years or more, or</p></content></level><level class="para2"><num>(iii)</num><content><p>a former name which the registrar is required to refrain from making available for public inspection or from disclosing (or both) by virtue of regulations under section 1088(1)(a) or (b).</p></content></level></level></subsection><subsection><num>(3)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-former-name">former name</term>” means a name by which the individual was formerly known for business purposes;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-name">name</term>” means the individual’s forename and surname.</p></content></hcontainer></subsection><subsection eId="d28e33518"><num>(4)</num><content><p>Where a secretary or joint secretary (or proposed secretary or joint secretary) is a peer or an individual usually known by a title, any requirement of this Act to provide the individual’s name because it forms part of the required information may be satisfied by providing that title instead of the individual’s forename and surname.</p></content></subsection><subsection><num>(5)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>amend this section so as to change the required information about a secretary or joint secretary (or proposed secretary or joint secretary) who is an individual;</p></content></level><level class="para1"><num>(b)</num><content><p>repeal subsection (4).</p></content></level></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section><num>279K</num><heading>Required information about a secretary etc: corporate secretaries and firms</heading><subsection eId="d28e33555"><num>(1)</num><intro><p>The required information about a secretary or joint secretary (or proposed secretary or joint secretary) that is a body corporate, or a firm that is a legal person under the law by which it is governed, is—</p></intro><level class="para1"><num>(a)</num><content><p>corporate or firm name;</p></content></level><level class="para1"><num>(b)</num><content><p>principal office;</p></content></level><level class="para1"><num>(c)</num><content><p>a service address (which may be stated as “The company’s registered office”);</p></content></level><level class="para1"><num>(d)</num><content><p>in the case of a limited company that is a UK-registered company, the registered number;</p></content></level><level class="para1"><num>(e)</num><intro><p>in any other case, particulars of—</p></intro><level class="para2"><num>(i)</num><content><p>the legal form of the body corporate or firm and the law by which it is governed, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if applicable, the register in which it is entered (including details of the state) and its registration number in that register.</p></content></level></level></subsection><subsection><num>(2)</num><content><p>The Secretary of State may by regulations amend this section so as to change the required information about a secretary or joint secretary (or proposed secretary or joint secretary) of a description mentioned in subsection (1).</p></content></subsection><subsection><num>(3)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section><num>279L</num><heading>Firms all of whose partners are joint secretaries</heading><subsection><num>(1)</num><intro><p>This section applies where—</p></intro><level class="para1"><num>(a)</num><content><p>all the members in a firm are joint secretaries (or proposed joint secretaries) of a company, and</p></content></level><level class="para1"><num>(b)</num><content><p>the firm is not a legal person under the law by which it is governed.</p></content></level></subsection><subsection><num>(2)</num><content><p>Any requirement imposed by this Act to provide the required information about the members as joint secretaries (or proposed joint secretaries) may instead be satisfied by providing the information that would be required if the firm were a legal person and the firm had been appointed as secretary.</p></content></subsection></section><section><num>279M</num><heading>Secretary or joint secretary: offence of failure to notify of changes</heading><subsection><num>(1)</num><intro><p>If a company fails, without reasonable excuse, to comply with section 279G, 279H or 279I, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(2)</num><content><p>For this purpose a shadow director is treated as an officer of the company.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></section></hcontainer><heading ukl:Context="Pblock">Person acting in dual capacity</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph></part><part eId="schedule-2-part-3"><num>PART 3</num><heading>Register of people with significant control</heading><paragraph eId="schedule-2-paragraph-7" class="schProv1"><num>7</num><content><p>The Companies Act 2006 is amended as follows.</p></content></paragraph><paragraph eId="schedule-2-paragraph-8" class="schProv1"><num>8</num><intro><p>In section 790A (overview of Part)—</p></intro><level class="para1" eId="schedule-2-paragraph-8-a"><num>(a)</num><content><p><mod>in paragraph (b), for “keep the register required by Chapter 3” substitute <quotedText>“notify the registrar of the information in accordance with Chapter 2A”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-2-paragraph-8-b"><num>(b)</num><content><p><mod>for paragraphs (c) and (d) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>Chapter 2A requires companies to notify the registrar of information relating to persons with significant control;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></paragraph><paragraph eId="schedule-2-paragraph-9" class="schProv1"><num>9</num><content><p>In section 790C (key terms), omit subsection (10).</p></content></paragraph><paragraph eId="schedule-2-paragraph-10" class="schProv1"><num>10</num><content><p><mod>After section 790C insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>790CA</num><heading>References to “confirmation” etc of information</heading><intro><p>For the purposes of this Part a company has had confirmation of—</p></intro><level class="para1"><num>(a)</num><content><p>a person’s status as a registrable person or a registrable relevant legal entity in relation to the company,</p></content></level><level class="para1"><num>(b)</num><content><p>the required particulars of a person (see section 790K), or</p></content></level><level class="para1"><num>(c)</num><content><p>any other information about a person,</p></content></level><wrapUp><p>if the person has supplied that information to the company whether or not in pursuance of any duty imposed by this Part (and references to a company obtaining confirmation of information are to be read accordingly).</p></wrapUp></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-part-3-paragraph-11n1" class="schProv1"><num>11</num><content><p><mod>For sections 790D and 790E substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>790CB</num><heading>Duty to find out about persons with significant control</heading><content><p>A company to which this Part applies must take reasonable steps to find out if there is anyone who is a registrable person or a registrable relevant legal entity in relation to the company and, if so, to identify them.</p></content></section><section><num>790D</num><heading>Company’s duty to give notices to persons with significant control</heading><subsection><num>(1)</num><intro><p>A company to which this Part applies must give a notice to a person under this section if—</p></intro><level class="para1" eId="d28e33823"><num>(a)</num><content><p>the company knows or has cause to believe that the person is a registrable person or a registrable relevant legal entity in relation to the company, but</p></content></level><level class="para1" eId="d28e33829"><num>(b)</num><content><p>the company has not had confirmation of the person’s status as a registrable person or registrable relevant legal entity or has not had confirmation of all of the required particulars of the person (see section 790K).</p></content></level></subsection><subsection eId="d28e33835"><num>(2)</num><intro><p>The notice must require the person—</p></intro><level class="para1"><num>(a)</num><content><p>to inform the company whether the person is a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>if they are, to give the company all of the required particulars of the person (see section 790K).</p></content></level></subsection><subsection><num>(3)</num><content><p>The notice must require the person to whom it is given to comply with the notice by no later than the end of the period of one month beginning with the day on which it is given.</p></content></subsection><subsection><num>(4)</num><intro><p>The company must give the notice—</p></intro><level class="para1"><num>(a)</num><content><p>as soon as reasonably practicable after the company becomes subject to the duty to give a notice under this section, and</p></content></level><level class="para1"><num>(b)</num><content><p>in any event before the end of the period of 14 days beginning with the day on which the company becomes so subject.</p></content></level></subsection><subsection><num>(5)</num><intro><p>A company is not required to give a notice under this section to a person if—</p></intro><level class="para1"><num>(a)</num><content><p>the application for the registration of the company contained a statement of initial significant control naming the person as someone who would, on the company’s incorporation, become a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>the company has no cause to believe that at any time since its incorporation the person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company.</p></content></level></subsection><subsection eId="d28e33895"><num>(6)</num><content><p>The Secretary of State may by regulations make further provision about the giving of notices under this section, including provision about their form and content and the manner in which they must be given.</p></content></subsection><subsection eId="d28e33901"><num>(7)</num><content><p>Regulations under subsection (6) are subject to negative resolution procedure.</p></content></subsection></section><section><num>790DA</num><heading>Obtaining information from third parties</heading><subsection eId="d28e33914"><num>(1)</num><intro><p>A company to which this Part applies may give a notice to a person under this section if it knows or has cause to believe that the person—</p></intro><level class="para1"><num>(a)</num><content><p>knows the identity of someone who falls within subsection (2), or</p></content></level><level class="para1"><num>(b)</num><content><p>knows the identity of someone likely to have that knowledge.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The persons who fall within this subsection are—</p></intro><level class="para1"><num>(a)</num><content><p>a registrable person in relation to the company;</p></content></level><level class="para1"><num>(b)</num><content><p>a relevant legal entity in relation to the company;</p></content></level><level class="para1"><num>(c)</num><content><p>an entity which would be a relevant legal entity in relation to the company but for the fact that section 790C(6)(b) does not apply in respect of it.</p></content></level></subsection><subsection eId="d28e33956"><num>(3)</num><intro><p>A company must give a notice under subsection (1) to a person (“a third party”) if the company—</p></intro><level class="para1"><num>(a)</num><content><p>knows or has cause to believe that a person is a registrable person or a registrable relevant legal entity in relation to the company (“a suspected PSC”),</p></content></level><level class="para1"><num>(b)</num><content><p>is under a duty to give the suspected PSC a notice under section 790D but does not have the information that it needs in order to contact them, and</p></content></level><level class="para1"><num>(c)</num><intro><p>knows or has cause to believe that the third party—</p></intro><level class="para2"><num>(i)</num><content><p>knows the identity of the suspected PSC, or</p></content></level><level class="para2"><num>(ii)</num><content><p>knows the identity of someone likely to have that knowledge.</p></content></level></level></subsection><subsection><num>(4)</num><intro><p>A notice under subsection (1) must require the person to whom it is given (“<term refersTo="#term-the-recipient">the recipient</term>”)—</p></intro><level class="para1"><num>(a)</num><intro><p>to inform the company whether the recipient knows the identity of any person who—</p></intro><level class="para2"><num>(i)</num><content><p>falls within subsection (2), or</p></content></level><level class="para2"><num>(ii)</num><content><p>is likely to know the identity of anyone who falls within subsection (2), and</p></content></level></level><level class="para1"><num>(b)</num><content><p>if the recipient does, to give the company any information within the recipient’s knowledge that would allow the company to contact each such person.</p></content></level></subsection><subsection><num>(5)</num><content><p>The notice must require the person to whom it is given to comply with the notice by no later than the end of the period of one month beginning with the day on which it is given.</p></content></subsection><subsection><num>(6)</num><content><p>A person to whom a notice under subsection (1) is given is not required by that notice to disclose any information in respect of which a claim to legal professional privilege (in Scotland, to confidentiality of communications) could be maintained in legal proceedings.</p></content></subsection><subsection eId="d28e34037"><num>(7)</num><content><p>The Secretary of State may by regulations make further provision about the giving of notices under this section, including provision about their form and content and the manner in which they must be given.</p></content></subsection><subsection><num>(8)</num><content><p>Regulations under subsection (7) are subject to negative resolution procedure.</p></content></subsection><subsection><num>(9)</num><content><p>In this section a reference to knowing the identity of a person includes knowing information from which that person can be identified.</p></content></subsection></section><section><num>790E</num><heading>Company’s duty to find out about changes in PSC information</heading><subsection><num>(1)</num><intro><p>This section applies if a company—</p></intro><level class="para1" eId="d28e34068"><num>(a)</num><content><p>knows or has cause to believe that there has been a change in the required particulars of a registrable person or a registrable relevant legal entity in relation to the company (see section 790K), but</p></content></level><level class="para1" eId="d28e34074"><num>(b)</num><content><p>has not had confirmation that the change has occurred or has not had confirmation of all of the information that the company would need to include in a notice of the change under section 790LD(1) or 790LE(1).</p></content></level></subsection><subsection><num>(2)</num><intro><p>The company must give the person a notice requiring the person—</p></intro><level class="para1"><num>(a)</num><content><p>to inform the company whether the change has occurred, and</p></content></level><level class="para1"><num>(b)</num><content><p>if it has, to give the company the information that the company would need to include in a notice of the change under section 790LD(1) or 790LE(1).</p></content></level></subsection><subsection><num>(3)</num><content><p>The notice must require the person to whom it is given to comply with the notice by no later than the end of the period of one month beginning with the day on which it is given.</p></content></subsection><subsection><num>(4)</num><intro><p>The company must give the notice—</p></intro><level class="para1"><num>(a)</num><content><p>as soon as reasonably practicable after the company becomes subject to the duty to give a notice under subsection (2), and</p></content></level><level class="para1"><num>(b)</num><content><p>in any event before the end of the period of 14 days beginning with the day on which the company becomes so subject.</p></content></level></subsection><subsection eId="d28e34122"><num>(5)</num><content><p>The Secretary of State may by regulations make further provision about the giving of notices under this section, including provision about their form and content and the manner in which they must be given.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under subsection (5) are subject to negative resolution procedure.</p></content></subsection></section><section><num>790EA</num><heading>Company’s duty to find out about persons ceasing to be PSCs</heading><subsection eId="d28e34141"><num>(1)</num><intro><p>This section applies if a company —</p></intro><level class="para1"><num>(a)</num><content><p>knows or has cause to believe that a person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company, but</p></content></level><level class="para1"><num>(b)</num><content><p>has not had confirmation that the person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company or has not had confirmation of the date on which the person so ceased.</p></content></level></subsection><subsection eId="d28e34159"><num>(2)</num><intro><p>The company must give the person a notice requiring the person—</p></intro><level class="para1"><num>(a)</num><content><p>to inform the company whether the person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the person has, to inform the company of the date on which the person so ceased.</p></content></level></subsection><subsection><num>(3)</num><content><p>The notice must require the person to whom it is given to comply with the notice by no later than the end of the period of one month beginning with the day on which it is given.</p></content></subsection><subsection><num>(4)</num><intro><p>The company must give the notice—</p></intro><level class="para1"><num>(a)</num><content><p>as soon as reasonably practicable after the company becomes subject to the duty under subsection (2), and</p></content></level><level class="para1"><num>(b)</num><content><p>in any event before the end of the period of 14 days beginning with the day on which the company becomes so subject.</p></content></level></subsection><subsection eId="d28e34201"><num>(5)</num><content><p>The Secretary of State may by regulations make further provision about the giving of notices under this section, including provision about their form and content and the manner in which they must be given.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under subsection (5) are subject to negative resolution procedure.</p></content></subsection></section><section><num>790EB</num><heading>Company’s duty to notify failure to comply with notices</heading><subsection eId="d28e34220"><num>(1)</num><content><p>A company must notify the registrar if a person fails to comply with a notice given by the company under section 790D, 790DA, 790E or 790EA within the period specified in it.</p></content></subsection><subsection><num>(2)</num><content><p>The notice must be given within the period of 14 days beginning with the end of the period specified in the notice under section 790D, 790DA, 790E or 790EA.</p></content></subsection></section><section><num>790EC</num><heading>Company’s duty to notify of late compliance with notices</heading><subsection eId="d28e34239"><num>(1)</num><content><p>A company must notify the registrar if a person who has failed to comply with a notice given by the company under section 790D, 790DA, 790E or 790EA within the period specified in it subsequently complies.</p></content></subsection><subsection><num>(2)</num><content><p>The notice must be given within the period of 14 days beginning with the day on which the person complied with the notice under section 790D, 790DA, 790E or 790EA.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-part-3-paragraph-11n2" class="schProv1"><num>11</num><content><p><mod>In section 790F (failure by company to comply with information duties), for subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>If a company fails, without reasonable excuse, to comply with a duty under section 790CB, 790D, 790DA(3), 790E, 790EA, 790EB or 790EC to take steps or give a notice, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-12" class="schProv1"><num>12</num><content><p><mod>For sections 790G and 790H substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>790G</num><heading>Duty to notify company on becoming PSC</heading><subsection><num>(1)</num><intro><p>This section applies to a person if—</p></intro><level class="para1" eId="d28e34299"><num>(a)</num><content><p>the person knows that they are a registrable person or a registrable relevant legal entity in relation to a company,</p></content></level><level class="para1"><num>(b)</num><content><p>the material in the register that is available for public inspection does not indicate the person’s status as a registrable person or registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(c)</num><intro><p>the person—</p></intro><level class="para2"><num>(i)</num><content><p>has not informed the company of the person’s status as a registrable person or registrable relevant legal entity in relation to the company, or</p></content></level><level class="para2"><num>(ii)</num><content><p>has not given the company all of the required particulars of the person (see section 790K).</p></content></level></level></subsection><subsection eId="d28e34329"><num>(2)</num><intro><p>The person must—</p></intro><level class="para1"><num>(a)</num><content><p>inform the company of the person’s status as a registrable person or registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>give the company the required particulars (see section 790K).</p></content></level></subsection><subsection><num>(3)</num><content><p>The person must comply with the duty in subsection (2) before the end of the period of one month beginning with the day on which the conditions in subsection (1) are met.</p></content></subsection></section><section><num>790H</num><heading>Duty to notify company of changes in PSC information</heading><subsection><num>(1)</num><intro><p>This section applies to a person if—</p></intro><level class="para1" eId="d28e34366"><num>(a)</num><content><p>the person knows that they are a registrable person or a registrable relevant legal entity in relation to a company,</p></content></level><level class="para1"><num>(b)</num><content><p>there has been a change in the required particulars of the person (see section 790K) and the person knows that to be the case, and</p></content></level><level class="para1" eId="d28e34378"><num>(c)</num><content><p>the person has not informed the company of the change or has not given the company all of the information that the company would need to include in a notice of the change under section 790LD(1) or 790LE(1).</p></content></level></subsection><subsection><num>(2)</num><intro><p>The person must—</p></intro><level class="para1"><num>(a)</num><content><p>inform the company of the change, and</p></content></level><level class="para1"><num>(b)</num><content><p>give the company the information that the company would need to include in a notice of the change under section 790LD(1) or 790LE(1).</p></content></level></subsection><subsection><num>(3)</num><content><p>The person must comply with the duty in subsection (2) before the end of the period of one month beginning with the day on which the conditions in subsection (1) are met.</p></content></subsection></section><section><num>790HA</num><heading>Duty to notify company of ceasing to be a PSC</heading><subsection eId="d28e34415"><num>(1)</num><intro><p>This section applies to a person if—</p></intro><level class="para1"><num>(a)</num><content><p>the person knows that they have ceased to be a registrable person or a registrable relevant legal entity in relation to a company,</p></content></level><level class="para1"><num>(b)</num><content><p>the material in the register that is available for public inspection does not indicate the person as having ceased to be a registrable person or a registrable relevant legal entity in relation to a company, and</p></content></level><level class="para1"><num>(c)</num><content><p>the person has not informed the company of having ceased to be a registrable person or a registrable relevant legal entity in relation to the company or has not informed the company of the date on which the person so ceased.</p></content></level></subsection><subsection eId="d28e34439"><num>(2)</num><intro><p>The person must inform the company—</p></intro><level class="para1"><num>(a)</num><content><p>that the person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>of the date on which the person so ceased.</p></content></level></subsection><subsection><num>(3)</num><content><p>The person must comply with the duty in subsection (2) before the end of the period of one month beginning with the day on which the conditions in subsection (1) are met.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-13" class="schProv1"><num>13</num><content><p><mod>In section 790I (enforcement of disclosure requirements), for the words from “a notice” to the end substitute <quotedText startQuote="“">—</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(a)</num><content><p>a notice under section 790D, 790DA, 790E or 790EA, or</p></content></level><level class="para1"><num>(b)</num><content><p>a duty under section 790G, 790H or 790HA.</p></content></level></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-14" class="schProv1"><num>14</num><content><p><mod>After section 790I insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Power to impose further duties</heading><section><num>790IA</num><heading>Power to impose further duties involving nominee shareholders</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations make further provision for the purpose of enabling a company to which this Part applies to find out about anyone who has become or ceased to be a person who is—</p></intro><level class="para1"><num>(a)</num><content><p>a registrable person in relation to the company by virtue of shares being held by a nominee, or</p></content></level><level class="para1"><num>(b)</num><content><p>a registrable relevant legal entity in relation to the company by virtue of shares being held by a nominee.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The regulations may, in particular—</p></intro><level class="para1"><num>(a)</num><intro><p>impose obligations on a company with a view to obtaining—</p></intro><level class="para2"><num>(i)</num><content><p>information about whether a person has become or ceased to be a nominee shareholder;</p></content></level><level class="para2"><num>(ii)</num><content><p>if they have, information about: (A) the shareholding; (B) the nominee; (C) the person for whom the nominee holds or held the shares;</p></content></level><level class="para2"><num>(iii)</num><content><p>any other information required by the regulations;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>impose obligations on others (including nominees or former nominees) with a view to providing the company with—</p></intro><level class="para2"><num>(i)</num><content><p>information of a kind described in paragraph (a)(i) or (ii);</p></content></level><level class="para2"><num>(ii)</num><content><p>any other information required by the regulations.</p></content></level></level></subsection><subsection><num>(3)</num><content><p>The regulations may, in particular, make provision similar or corresponding to any of the preceding provisions of this Chapter.</p></content></subsection><subsection><num>(4)</num><content><p>The provision that may be made by regulations under subsection (1) includes provision amending this Chapter.</p></content></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-15" class="schProv1"><num>15</num><intro><p>In section 790J (power to make exemptions)—</p></intro><level class="para1" eId="schedule-2-paragraph-15-a"><num>(a)</num><content><p><mod>in subsection (2)(a), for “790D(2) or 790E” substitute <quotedText>“790D, 790E or 790EA”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-2-paragraph-15-b"><num>(b)</num><content><p><mod>in subsection (2)(c), for “790D(5)” substitute <quotedText>“790DA”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-2-paragraph-15-c"><num>(c)</num><content><p><mod>in subsection (2)(d), for “and 790H” substitute <quotedText>“, 790H and 790HA”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-2-paragraph-15-d"><num>(d)</num><content><p><mod>in subsection (2)(e) for “section 790M” substitute <quotedText>“any of sections 12A, 790LA, 790LC, 790LD, 790LE, 790LF, 790LG, 790LH”</quotedText>.”</mod></p></content></level></paragraph><paragraph eId="schedule-2-paragraph-16" class="schProv1"><num>16</num><subparagraph eId="schedule-2-paragraph-16-1"><num>(1)</num><content><p>Section 790K (required particulars) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-2-paragraph-16-2"><num>(2)</num><content><p>In subsection (1), omit paragraph (i) and the “and” before it.</p></content></subparagraph><subparagraph eId="schedule-2-paragraph-16-3"><num>(3)</num><content><p><mod>In subsection (2), after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>a service address,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph><subparagraph eId="schedule-2-paragraph-16-4"><num>(4)</num><intro><p>In subsection (3)—</p></intro><level class="para1" eId="schedule-2-paragraph-16-4-a"><num>(a)</num><content><p>in paragraph (b), omit “registered or”;</p></content></level><level class="para1" eId="schedule-2-paragraph-16-4-b"><num>(b)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>a service address,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-2-paragraph-16-5"><num>(5)</num><content><p><mod>For subsection (4) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><content><p>In this section “<term refersTo="#term-name">name</term>”, in relation to an individual, means the individual’s forename and surname.</p></content></subsection><subsection eId="d28e34710"><num>(4A)</num><content><p>Where an individual is a peer or an individual usually known by a title, any requirement imposed by this Act to provide the individual’s name because it forms part of the required particulars under this section may be satisfied by providing that title instead of the individual’s forename and surname.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-2-paragraph-17" class="schProv1"><num>17</num><content><p><mod>In section 790L (required particulars: power to amend), for subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><intro><p>amend section 790K so as to change the “<term refersTo="#term-required-particulars">required particulars</term>” in relation to—</p></intro><level class="para2"><num>(i)</num><content><p>an individual who is a registrable person;</p></content></level><level class="para2"><num>(ii)</num><content><p>a person in relation to which this Part has effect by virtue of section 790C(12) as if the person were an individual;</p></content></level><level class="para2"><num>(iii)</num><content><p>a registrable relevant legal entity;</p></content></level></level><level class="para1"><num>(b)</num><content><p>repeal section 790K(4A).</p></content></level></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-18" class="schProv1"><num>18</num><content><p><mod>After section 790L insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><chapter><num>CHAPTER 2A</num><heading>Duty to notify registrar of persons with significant control and ID verification</heading><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Duty to notify registrar of persons with significant control</heading><section><num>790LA</num><heading>Duty to notify registrar of confirmed persons with significant control</heading><subsection><num>(1)</num><intro><p>A company must give a notice to the registrar if it has had confirmation of—</p></intro><level class="para1"><num>(a)</num><content><p>a person’s status as a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>the required particulars of the person (see section 790K).</p></content></level></subsection><subsection><num>(2)</num><content><p>A notice under subsection (1) must contain a statement of the required particulars.</p></content></subsection><subsection><num>(3)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company had confirmation as mentioned in that subsection.</p></content></subsection><subsection><num>(4)</num><intro><p>A company is not required to give a notice under this section in relation to a person if—</p></intro><level class="para1"><num>(a)</num><content><p>the application for the registration of the company contained a statement of initial significant control naming the person as someone who would, on the company’s incorporation, become a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>the company has no cause to believe that at any time since its incorporation the person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company.</p></content></level></subsection><subsection><num>(5)</num><content><p>Nothing in section 126 (notice of trusts not receivable by registrar) affects the duty to give a notice under this section (or the receipt of that notice by the registrar).</p></content></subsection></section><section eId="d28e34846"><num>790LB</num><heading>Option to provide ID verification information in notice of change</heading><subsection eId="d28e34850"><num>(1)</num><content><p>A notice under section 790LA(1) that relates to a registrable person may include a statement that the person’s identity is verified (see section 1110A).</p></content></subsection><subsection eId="d28e34856"><num>(2)</num><intro><p>A notice under section 790LA(1) that relates to a registrable relevant legal entity may include a statement that—</p></intro><level class="para1"><num>(a)</num><content><p>specifies the name of one of its relevant officers (within the meaning given by section 790LO(6)) who is an individual and whose identity is verified, and</p></content></level><level class="para1"><num>(b)</num><content><p>confirms that the individual’s identity is verified.</p></content></level></subsection><subsection eId="d28e34874"><num>(3)</num><content><p>If the notice includes a statement under subsection (2), it must be accompanied by a statement by the individual confirming that the individual is a relevant officer of the registrable relevant legal entity.</p></content></subsection><subsection><num>(4)</num><content><p>To find out what happens if the option in subsection (1) or (2) is not exercised, see sections 790LM and 790LO.</p></content></subsection><subsection><num>(5)</num><content><p>In subsection (1) “<term refersTo="#term-registrable-person">registrable person</term>” does not include a person mentioned in section 790C(12)(a) to (d).</p></content></subsection></section><section><num>790LC</num><heading>Duty to notify registrar of unconfirmed persons with significant control</heading><subsection eId="d28e34902"><num>(1)</num><intro><p>A company must give a notice to the registrar if—</p></intro><level class="para1"><num>(a)</num><content><p>it knows or has cause to believe that a person has become a registrable person or a registrable relevant legal entity in relation to the company, but</p></content></level><level class="para1"><num>(b)</num><content><p>it has not yet had confirmation as mentioned in section 790LA(1).</p></content></level></subsection><subsection><num>(2)</num><content><p>The notice must state that fact.</p></content></subsection><subsection><num>(3)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company first knows or has cause to believe that the person has become a registrable person or a registrable relevant legal entity in relation to the company.</p></content></subsection><subsection><num>(4)</num><content><p>Nothing in this section requires a company, on its incorporation, to give a notice in relation to a person included in the statement of initial significant control under section 12A.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Duty to notify registrar of changes in required particulars</heading><section><num>790LD</num><heading>Duties to notify of changes in required particulars</heading><subsection><num>(1)</num><intro><p>A company must give a notice to the registrar if it—</p></intro><level class="para1"><num>(a)</num><content><p>has had confirmation that there has been a change in the required particulars of a registrable person, or a registrable relevant legal entity, in relation to the company (see section 790K), and</p></content></level><level class="para1"><num>(b)</num><content><p>has had confirmation of how the required particulars have changed and the date on which they changed.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The notice must state—</p></intro><level class="para1"><num>(a)</num><content><p>the change in the required particulars, and</p></content></level><level class="para1"><num>(b)</num><content><p>the date on which the change occurred.</p></content></level></subsection><subsection><num>(3)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company had confirmation as mentioned in that subsection.</p></content></subsection><subsection><num>(4)</num><content><p>Nothing in section 126 (notice of trusts not receivable by registrar) affects the duty to give a notice under this section (or the receipt of that notice by the registrar).</p></content></subsection></section><section><num>790LE</num><heading>Duty to notify of pre-incorporation changes in required particulars</heading><subsection eId="d28e35003"><num>(1)</num><intro><p>A company must give a notice to the registrar if it—</p></intro><level class="para1"><num>(a)</num><content><p>has had confirmation that there was a pre-incorporation change in the required particulars of a proposed PSC (see section 790K), and</p></content></level><level class="para1"><num>(b)</num><content><p>has had confirmation of how the required particulars have changed and the date on which they changed.</p></content></level></subsection><subsection><num>(2)</num><content><p>But a company is not required to give a notice under subsection (1) in respect of a person if it has given a notice under section 790LG in respect of the person.</p></content></subsection><subsection><num>(3)</num><intro><p>A notice under subsection (1) must state—</p></intro><level class="para1"><num>(a)</num><content><p>the change in the required particulars, and</p></content></level><level class="para1"><num>(b)</num><content><p>the date on which the change occurred.</p></content></level></subsection><subsection><num>(4)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company had confirmation as mentioned in that subsection.</p></content></subsection><subsection><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-pre-incorporation-change">pre-incorporation change</term>” means a change that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for the registration of the company was delivered to the registrar, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the company was incorporated;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-proposed-psc">proposed PSC</term>”, in relation to a company, means a person who was named in a statement under section 12A(1)(a) as a person who would, on the company’s incorporation, become a registrable person or registrable relevant legal entity in relation to the company.</p></content></hcontainer></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Duty to notify registrar of person ceasing to be person with significant control etc</heading><section eId="d28e35087"><num>790LF</num><heading>Duty to notify registrar when person ceases to have significant control</heading><subsection><num>(1)</num><intro><p>A company must give a notice to the registrar if it—</p></intro><level class="para1"><num>(a)</num><content><p>has had confirmation that a person has ceased to be a registrable person or a registrable relevant legal entity in relation to it, and</p></content></level><level class="para1"><num>(b)</num><content><p>has had confirmation of the date on which the person so ceased.</p></content></level></subsection><subsection><num>(2)</num><intro><p>A notice under subsection (1) must state—</p></intro><level class="para1"><num>(a)</num><content><p>the person’s name and service address, and</p></content></level><level class="para1"><num>(b)</num><content><p>the date on which the person ceased to be a registrable person or a registrable relevant legal entity in relation to the company.</p></content></level></subsection><subsection><num>(3)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company had confirmation as mentioned in that subsection.</p></content></subsection></section><section eId="d28e35136"><num>790LG</num><heading>Notification of someone not becoming person with significant control on incorporation</heading><subsection eId="d28e35140"><num>(1)</num><content><p>A company must give a notice to the registrar if it knows that a person named in the statement under section 12A(1)(a) as a person who would, on the company’s incorporation, become a registrable person or a registrable relevant legal entity did not so become.</p></content></subsection><subsection><num>(2)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company has the knowledge mentioned there.</p></content></subsection></section><section eId="d28e35155"><num>790LH</num><heading>Duty to notify registrar if company ceases to have persons with significant control</heading><subsection><num>(1)</num><intro><p>A company must give a notice to the registrar if it knows or has cause to believe that—</p></intro><level class="para1"><num>(a)</num><content><p>there has at some time been a person who is a registrable person or registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>there has ceased to be anyone who is a registrable person or registrable relevant legal entity in relation to the company.</p></content></level></subsection><subsection><num>(2)</num><intro><p>A notice under subsection (1) must —</p></intro><level class="para1"><num>(a)</num><content><p>state that the company has that knowledge or cause to believe, and</p></content></level><level class="para1"><num>(b)</num><content><p>specify the date on which the company first had that knowledge or cause to believe.</p></content></level></subsection><subsection><num>(3)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company first had the knowledge or cause to believe mentioned in that subsection.</p></content></subsection></section><section><num>790LI</num><heading>Power to create further duties to notify information</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations impose further duties on a company to deliver information to the registrar about—</p></intro><level class="para1"><num>(a)</num><content><p>registrable persons, or registrable relevant legal entities, in relation to the company (including information about whether it has any);</p></content></level><level class="para1"><num>(b)</num><content><p>compliance with Chapter 2 by the company or any person to whom the company has given a notice under that Chapter (including provision requiring a company to provide the registrar with a copy of any such notice, whether on request or otherwise).</p></content></level></subsection><subsection><num>(2)</num><content><p>The provision that may be made by regulations under subsection (1) includes provision amending this Part.</p></content></subsection><subsection><num>(3)</num><content><p>The consequential provision that may be made by regulations under subsection (1) by virtue of section 1292(1) also includes provision amending any other provision of this Act.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section><num>790LJ</num><heading>Persons with significant control: offence of failure to notify</heading><subsection><num>(1)</num><intro><p>If a company fails, without reasonable excuse, to comply with section 790LA, 790LC, 790LD, 790LE, 790LF, 790LG or 790LH, or regulations under section 790LI, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(2)</num><content><p>For this purpose a shadow director is treated as an officer of the company.</p></content></subsection><subsection><num>(3)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection></section><section><num>790LK</num><heading>Power of court to order company to remedy defaults or delay</heading><subsection eId="d28e35288"><num>(1)</num><content><p>Where a company makes default in complying with section 790LA, 790LC, 790LD, 790LE, 790LF, 790LG or 790LH, or regulations under section 790LI, an application may be made to the court for an order requiring the company to deliver to the registrar the information (or statements) necessary to rectify the position.</p></content></subsection><subsection><num>(2)</num><intro><p>The application may be made by—</p></intro><level class="para1"><num>(a)</num><content><p>any person aggrieved by the default,</p></content></level><level class="para1"><num>(b)</num><content><p>any member of the company, or</p></content></level><level class="para1"><num>(c)</num><content><p>any person who is a registrable person or a registrable relevant legal entity in relation to the company.</p></content></level></subsection><subsection><num>(3)</num><content><p>On an application under subsection (1) the court may either refuse the application or may make the order and order the company to pay any damages sustained by any party aggrieved.</p></content></subsection><subsection><num>(4)</num><intro><p>On an application under subsection (1) the court may decide—</p></intro><level class="para1"><num>(a)</num><content><p>any question as to whether the name of any person who is a party to the application should or should not be included in or omitted from information delivered to the registrar under this Chapter about persons who are a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>any question necessary or expedient to be decided for rectifying the position.</p></content></level></subsection><subsection><num>(5)</num><content><p>Nothing in this section affects a person’s rights under section 1094 or 1096 (rectification of register).</p></content></subsection></section><section eId="d28e35351"><num>790LL</num><heading>Information as to whether information has been delivered</heading><subsection eId="d28e35355"><num>(1)</num><content><p>A person may request a company to tell the person whether all of the information that it is required to deliver to the registrar under this Chapter has been delivered.</p></content></subsection><subsection><num>(2)</num><content><p>The company must comply with the request within the period of 14 days beginning with the day on which the request is made.</p></content></subsection><subsection eId="d28e35367"><num>(3)</num><intro><p>If the company fails, without reasonable excuse, to do so, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection eId="d28e35385"><num>(4)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale.</p></content></subsection><subsection><num>(5)</num><content><p>Subsection (1) does not apply in relation to information if the company is aware that, by virtue of regulations under section 1088, the registrar is required to refrain from making that information available for public inspection.</p></content></subsection></section></hcontainer></chapter></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-19" class="schProv1"><num>19</num><content><p>Omit Chapters 3 and 4 of Part 21A (company registers of people with significant control etc).</p></content></paragraph><paragraph eId="schedule-2-paragraph-20" class="schProv1"><num>20</num><subparagraph eId="schedule-2-paragraph-20-1"><num>(1)</num><content><p>Schedule 1B (enforcement of disclosure requirements in relation to persons with significant control) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-2-paragraph-20-2"><num>(2)</num><intro><p><mod>In each of the following provisions, for “or 790E” substitute <quotedText>“, 790DA, 790E or 790EA”</quotedText>—</mod></p></intro><level class="para1" eId="schedule-2-paragraph-20-2-a"><num>(a)</num><content><p>paragraph 1(1)(a) and (3)(a);</p></content></level><level class="para1" eId="schedule-2-paragraph-20-2-b"><num>(b)</num><content><p>paragraph 8(3)(a);</p></content></level><level class="para1" eId="schedule-2-paragraph-20-2-c"><num>(c)</num><content><p>paragraph 11(a) and (b);</p></content></level><level class="para1" eId="schedule-2-paragraph-20-2-d"><num>(d)</num><content><p>paragraph 12(2)(b).</p></content></level></subparagraph><subparagraph eId="schedule-2-paragraph-20-3"><num>(3)</num><content><p><mod>For paragraphs 13 and 14 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="crossheading" class="schGroup7"><heading>Offence of failing to comply with notices</heading><paragraph class="schProv1"><num>13</num><subparagraph><num>(1)</num><content><p>A person to whom a notice under section 790D, 790DA, 790E or 790EA is addressed commits an offence if the person fails, without reasonable excuse, to comply with the notice.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Where the person is a legal entity, the offence is also committed by every officer of the entity who is in default.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>A person guilty of an offence under this paragraph is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both).</p></content></level></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Offence of failing to provide information</heading><paragraph class="schProv1"><num>14</num><subparagraph><num>(1)</num><content><p>A person commits an offence if the person fails, without reasonable excuse, to comply with a duty under section 790G, 790H or 790HA.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Where the person is a legal entity, the offence is also committed by every officer of the entity who is in default.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>A person guilty of an offence under this paragraph is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both).</p></content></level></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>False statements: basic offence</heading><paragraph class="schProv1"><num>14A</num><subparagraph><num>(1)</num><content><p>A person commits an offence if, in purported compliance with a notice under section 790D, 790DA, 790E or 790EA or in purported compliance with a duty imposed by section 790G, 790H or 790HA, and without reasonable excuse, the person makes a statement that is misleading, false or deceptive in a material particular.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Where the person is a legal entity, the offence is also committed by every officer of the entity who is in default.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>A person guilty of an offence under this paragraph is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, to a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>False statements: aggravated offence</heading><paragraph class="schProv1"><num>14B</num><subparagraph><num>(1)</num><content><p>A person commits an offence if, in purported compliance with a notice under section 790D, 790DA, 790E or 790EA or in purported compliance with a duty imposed by section 790G, 790H or 790HA, the person makes a statement that the person knows is misleading, false or deceptive in a material particular.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Where the person is a legal entity, the offence is also committed by every officer of the entity who is in default.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>A person guilty of an offence under this paragraph is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or to a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding twelve months or to a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding six months or to a fine not exceeding the statutory maximum (or both).</p></content></level></level></subparagraph></paragraph></hcontainer></quotedStructure></mod></p></content></subparagraph></paragraph></part><part eId="schedule-2-part-4"><num>PART 4</num><heading>Consequential amendments</heading><paragraph eId="schedule-2-paragraph-21" class="schProv1"><num>21</num><content><p>The Companies Act 2006 is amended as follows.</p></content></paragraph><paragraph eId="schedule-2-paragraph-22" class="schProv1"><num>22</num><subparagraph eId="schedule-2-paragraph-22-1"><num>(1)</num><content><p>Section 12 (statement of proposed officers) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-2-paragraph-22-2"><num>(2)</num><content><p><mod>In subsection (1), for “particulars of” substitute <quotedText>“information about”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-2-paragraph-22-3"><num>(3)</num><content><p><mod>For subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><intro><p>For the required information—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to proposed directors, see sections 167J and 167K;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to proposed secretaries or joint secretaries, see sections 279J and 279K.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-2-paragraph-23" class="schProv1"><num>23</num><content><p><mod>In section 12A (statement of initial significant control), for subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>The statement of initial significant control required to be delivered to the registrar must—</p></intro><level class="para1" eId="d28e35739"><num>(a)</num><content><p>state whether, on incorporation, there will be anyone who is either a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>include the required particulars of any such person.</p></content></level></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-24" class="schProv1"><num>24</num><subparagraph eId="schedule-2-paragraph-24-1"><num>(1)</num><content><p>Section 95 (statement of proposed secretary) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-2-paragraph-24-2"><num>(2)</num><content><p><mod>In subsection (1), for “particulars of” substitute <quotedText>“information about”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-2-paragraph-24-3"><num>(3)</num><content><p><mod>For subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><content><p>For the required information in relation to proposed secretaries or joint secretaries, see sections 279J and 279K.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-2-paragraph-25" class="schProv1"><num>25</num><subparagraph eId="schedule-2-paragraph-25-1"><num>(1)</num><content><p>Section 156 (direction requiring company to make appointment of director) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-2-paragraph-25-2"><num>(2)</num><content><p><mod>In subsections (4)(b) and (5), for “section 167” substitute <quotedText>“section 167G”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-2-paragraph-25-3"><num>(3)</num><content><p><mod>After subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5A)</num><content><p>Nothing in subsection (4) or (5) affects the duty imposed by section 167G to give notice within the period mentioned in subsection (6) of that section.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-2-paragraph-26" class="schProv1"><num>26</num><content><p>In section 156B (power to provide for exceptions from requirement that each director to be a natural person), omit subsection (5).</p></content></paragraph><paragraph eId="schedule-2-paragraph-27" class="schProv1"><num>27</num><content><p><mod>In section 156C (existing director who is not a natural person), for subsections (3) to (5) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><content><p>If it appears to the registrar that, as a result of subsection (2), a company should have given notice under section 167G of a person having ceased to be a director but has failed to do so, the registrar must include a note in the register recording that fact.</p></content></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-28" class="schProv1"><num>28</num><intro><p>In section 853B (duties to notify a relevant event)—</p></intro><level class="para1" eId="schedule-2-paragraph-28-a"><num>(a)</num><content><p><mod>for paragraph (c) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>the duty to give notice of a change as mentioned in section 167G or 167H (changes in directors or required information about a director);</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="schedule-2-paragraph-28-b"><num>(b)</num><content><p>omit paragraph (d);</p></content></level><level class="para1" eId="schedule-2-paragraph-28-c"><num>(c)</num><content><p><mod>for paragraph (e) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>the duty to give notice of a change as mentioned in section 279G or 279H (change in secretary or joint secretaries or in required information about a secretary or joint secretary);</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="schedule-2-paragraph-28-d"><num>(d)</num><content><p>omit paragraphs (f) and (fa);</p></content></level><level class="para1" eId="schedule-2-paragraph-28-e"><num>(e)</num><content><p><mod>for paragraph (g) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(g)</num><content><p>the duty to deliver anything as mentioned in section 790LA, 790LC, 790LD, 790LE, 790LF, 790LG or 790LH (information about persons with significant control);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></paragraph><paragraph eId="schedule-2-paragraph-29" class="schProv1"><num>29</num><content><p><mod>In section 1079B (duty to notify directors), in subsections (1)(b) and (2)(b), for “section 167 or 167D” substitute <quotedText>“section 167G”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-30" class="schProv1"><num>30</num><content><p><mod>In section 1136 (regulations about where certain company records to be kept available for inspection), in subsection (2), omit—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 162 (register of directors);</p></item></blockList></quotedStructure></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 275 (register of secretaries);</p></item></blockList></quotedStructure></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 790M (register of people with significant control over a company);</p></item></blockList></quotedStructure></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 790Z (historic PSC register);</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-31" class="schProv1"><num>31</num><intro><p>In paragraph 4 of Schedule 5 (communications by a company)—</p></intro><level class="para1" eId="schedule-2-paragraph-31-a"><num>(a)</num><content><p><mod>in sub-paragraph (1)(d), for “the company’s register of directors” substitute <quotedText>“the register”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-2-paragraph-31-b"><num>(b)</num><content><p>omit sub-paragraph (1A).</p></content></level></paragraph><paragraph eId="schedule-2-paragraph-32" class="schProv1"><num>32</num><intro><p>In Schedule 8 (index of defined expressions), omit the entries relating to—</p></intro><hcontainer name="definition"><content><p>“the central register”;</p></content></hcontainer><hcontainer name="definition"><content><p>“PSC register”;</p></content></hcontainer><hcontainer name="definition"><content><p>“register of directors”;</p></content></hcontainer><hcontainer name="definition"><content><p>“register of directors’ residential addresses”;</p></content></hcontainer><hcontainer name="definition"><content><p>“register of secretaries”.</p></content></hcontainer></paragraph></part></hcontainer>
<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-part-1"><num>PART 1</num><heading>Register of directors</heading><paragraph eId="schedule-2-paragraph-1" class="schProv1"><num>1</num><content><p>The Companies Act 2006 is amended as follows.</p></content></paragraph><paragraph eId="schedule-2-paragraph-2" class="schProv1"><num>2</num><intro><p>Omit—</p></intro><level class="para1" eId="schedule-2-paragraph-2-a"><num>(a)</num><content><p>sections 161A to 167F (register of directors etc);</p></content></level><level class="para1" eId="schedule-2-paragraph-2-b"><num>(b)</num><content><p>the italic heading before section 161A.</p></content></level></paragraph><paragraph eId="schedule-2-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-2-paragraph-3-1"><num>(1)</num><content><p><mod>Before section 168 (and before the italic heading before that section) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Notification of information about directors</heading><section eId="d28e32750"><num>167G</num><heading>Duty to notify registrar of change in directors</heading><subsection eId="d28e32754"><num>(1)</num><intro><p>A company must give notice to the registrar if a person—</p></intro><level class="para1" eId="d28e32760"><num>(a)</num><content><p>becomes a director of the company, or</p></content></level><level class="para1"><num>(b)</num><content><p>ceases to be a director of the company.</p></content></level></subsection><subsection><num>(2)</num><content><p>The notice must specify the date on which the person became or ceased to be a director of the company.</p></content></subsection><subsection><num>(3)</num><intro><p>A notice under subsection (1)(a) of a person having become a director must contain—</p></intro><level class="para1"><num>(a)</num><content><p>a statement of the required information about the new director (see sections 167J and 167K);</p></content></level><level class="para1"><num>(b)</num><content><p>a statement by the company that the person has consented to act in that capacity;</p></content></level><level class="para1" eId="d28e32796"><num>(c)</num><content><p>if the person is an individual, a statement that their identity is verified (see section 1110A);</p></content></level><level class="para1"><num>(d)</num><intro><p>a statement that the person is not—</p></intro><level class="para2"><num>(i)</num><content><p>disqualified under the directors disqualification legislation (see section 159A(2)), or</p></content></level><level class="para2"><num>(ii)</num><content><p>otherwise ineligible by virtue of any enactment for appointment as a director;</p></content></level></level><level class="para1" eId="d28e32820"><num>(e)</num><intro><p>if the person would be disqualified under the directors disqualification legislation but for the permission of a court to act, a statement to that effect specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the court by which permission was given, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the date on which permission was given.</p></content></level></level><level class="para1"><num>(f)</num><intro><p>if the person would be disqualified under the directors disqualification legislation by virtue of section 11A of the Company Directors Disqualification Act 1986 or Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002 (designated persons under sanctions legislation) but for the authority of a licence of the kind mentioned in that section or Article, a statement to that effect specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the date on which the licence was issued, and</p></content></level><level class="para2"><num>(ii)</num><content><p>by whom it was issued.</p></content></level></level></subsection><subsection><num>(4)</num><content><p>In subsection (3)(e) “<term refersTo="#term-permission-of-a-court-to-act">permission of a court to act</term>” means permission of a court under a provision mentioned in column 2 of the table in section 159A(2).</p></content></subsection><subsection><num>(5)</num><content><p>Subsection (1)(a) does not require a company, on its incorporation, to give notice in relation to a person named as a proposed director in the statement under section 12.</p></content></subsection><subsection eId="d28e32871"><num>(6)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the person becomes or ceases to be a director.</p></content></subsection></section><section><num>167H</num><heading>Duty to notify registrar of changes of information</heading><subsection eId="d28e32884"><num>(1)</num><content><p>A company must give notice to the registrar of any change in the required information about a director (see sections 167J and 167K).</p></content></subsection><subsection><num>(2)</num><content><p>The notice must specify the date on which the change occurred.</p></content></subsection><subsection><num>(3)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection><subsection eId="d28e32902"><num>(4)</num><content><p>Where a company gives notice of a change of a director’s service address but not their residential address, the notice must contain a statement that the residential address is unchanged.</p></content></subsection></section><section eId="d28e32911"><num>167I</num><heading>Notification of changes occurring before company’s incorporation</heading><subsection eId="d28e32915"><num>(1)</num><content><p>A company must give notice to the registrar if a person named in the statement under section 12 as a proposed director of the company did not become a director on its incorporation.</p></content></subsection><subsection eId="d28e32921"><num>(2)</num><intro><p>A company must give notice to the registrar of any change in the required information about a proposed director that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for the company’s registration under section 9 was delivered to the registrar, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the company was incorporated.</p></content></level></subsection><subsection><num>(3)</num><content><p>But a company is not required to give notice under subsection (2) in respect of a person if it gives notice under subsection (1) in respect of the person.</p></content></subsection><subsection><num>(4)</num><content><p>A notice under subsection (2) must specify the date on which the change occurred.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the company was incorporated.</p></content></subsection></section><section><num>167J</num><heading>Required information about a director: individuals</heading><subsection><num>(1)</num><intro><p>The required information about a director (or proposed director) who is an individual is—</p></intro><level class="para1"><num>(a)</num><content><p>name, date of birth and nationality;</p></content></level><level class="para1"><num>(b)</num><content><p>any relevant former names;</p></content></level><level class="para1"><num>(c)</num><content><p>a service address (which may be stated as “The company’s registered office”);</p></content></level><level class="para1"><num>(d)</num><content><p>usual residential address;</p></content></level><level class="para1"><num>(e)</num><content><p>the part of the United Kingdom in which the individual is usually resident or, if the individual is usually resident in a country or state outside the United Kingdom, that country or state.</p></content></level></subsection><subsection><num>(2)</num><intro><p>In subsection (1)(b) “<term refersTo="#term-relevant-former-name">relevant former name</term>” means any former name other than—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a peer, or an individual normally known by a British title, the name by which the individual was known previous to the adoption of or succession to the title, or</p></content></level><level class="para1"><num>(b)</num><intro><p>in the case of any person—</p></intro><level class="para2"><num>(i)</num><content><p>a former name which was changed or disused before the person attained the age of 16 years,</p></content></level><level class="para2"><num>(ii)</num><content><p>a former name which has been changed or disused for 20 years or more, or</p></content></level><level class="para2"><num>(iii)</num><content><p>a former name which the registrar is required to refrain from making available for public inspection or from disclosing (or both) by virtue of regulations under section 1088(1)(a) or (b).</p></content></level></level></subsection><subsection><num>(3)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-former-name">former name</term>” means a name by which the individual was formerly known for business purposes;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-name">name</term>” means the individual’s forename and surname.</p></content></hcontainer></subsection><subsection eId="d28e33060"><num>(4)</num><content><p>Where a director (or proposed director) is a peer or an individual usually known by a title, any requirement imposed by this Act to provide the individual’s name because it forms part of the required information may be satisfied by providing that title instead of the individual’s forename and surname.</p></content></subsection><subsection><num>(5)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>amend this section so as to change the required information about a director (or proposed director) who is an individual;</p></content></level><level class="para1"><num>(b)</num><content><p>repeal subsection (4).</p></content></level></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section><num>167K</num><heading>Required information about a director: corporate directors and firms</heading><subsection><num>(1)</num><intro><p>The required information about a director (or proposed director) that is a body corporate, or a firm that is a legal person under the law by which it is governed, is—</p></intro><level class="para1"><num>(a)</num><content><p>corporate or firm name;</p></content></level><level class="para1"><num>(b)</num><content><p>principal office;</p></content></level><level class="para1"><num>(c)</num><content><p>a service address (which may be stated as “The company’s registered office”);</p></content></level><level class="para1"><num>(d)</num><content><p>in the case of a limited company that is a UK-registered company, the registered number;</p></content></level><level class="para1"><num>(e)</num><intro><p>in any other case, particulars of—</p></intro><level class="para2"><num>(i)</num><content><p>the legal form of the body corporate or firm and the law by which it is governed, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if applicable, the register in which it is entered (including details of the state) and its registration number in that register.</p></content></level></level></subsection><subsection><num>(2)</num><content><p>The Secretary of State may by regulations amend this section so as to change the required information about a director (or proposed director) of a description mentioned in subsection (1).</p></content></subsection><subsection><num>(3)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section eId="d28e33160"><num>167L</num><heading>Directors: offence of failure to notify of changes</heading><subsection><num>(1)</num><intro><p>If a company fails, without reasonable excuse, to comply with section 167G, 167H or 167I, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(2)</num><content><p>For this purpose a shadow director is treated as an officer of the company.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></section></hcontainer></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-2-paragraph-3-2"><num>(2)</num><intro><p>The provision that may be made under section 220(1) in connection with the coming into force of this paragraph includes—</p></intro><level class="para1" eId="schedule-2-paragraph-3-2-a"><num>(a)</num><content><p>provision requiring a company to deliver to the registrar, at the same time as a confirmation statement, a statement, in respect of any individual who became a director of the company (otherwise than on its incorporation) before the coming into force of this paragraph, confirming that the individual’s identity is verified (within the meaning of section 1110A of the Companies Act 2006), and</p></content></level><level class="para1" eId="schedule-2-paragraph-3-2-b"><num>(b)</num><content><p>provision for section 853A(1)(b)(i) of the Companies Act 2006 (as substituted by section 59 of this Act) to have effect as if it included a reference to the duty imposed by virtue of paragraph (a).</p></content></level></subparagraph><subparagraph eId="schedule-2-paragraph-3-3"><num>(3)</num><intro><p>In sub-paragraph (2)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-confirmation-statement" eId="term-confirmation-statement">confirmation statement</term>” has the meaning given by section 853A of the Companies Act 2006;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Companies Acts (see section 1060 of the Companies Act 2006).</p></content></hcontainer></subparagraph></paragraph></part>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-1" class="schProv1"><num>1</num><content><p>The Companies Act 2006 is amended as follows.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-2" class="schProv1"><num>2</num><intro><p>Omit—</p></intro><level class="para1" eId="schedule-2-paragraph-2-a"><num>(a)</num><content><p>sections 161A to 167F (register of directors etc);</p></content></level><level class="para1" eId="schedule-2-paragraph-2-b"><num>(b)</num><content><p>the italic heading before section 161A.</p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-2-a"><num>(a)</num><content><p>sections 161A to 167F (register of directors etc);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-2-b"><num>(b)</num><content><p>the italic heading before section 161A.</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-2-paragraph-3-1"><num>(1)</num><content><p><mod>Before section 168 (and before the italic heading before that section) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Notification of information about directors</heading><section eId="d28e32750"><num>167G</num><heading>Duty to notify registrar of change in directors</heading><subsection eId="d28e32754"><num>(1)</num><intro><p>A company must give notice to the registrar if a person—</p></intro><level class="para1" eId="d28e32760"><num>(a)</num><content><p>becomes a director of the company, or</p></content></level><level class="para1"><num>(b)</num><content><p>ceases to be a director of the company.</p></content></level></subsection><subsection><num>(2)</num><content><p>The notice must specify the date on which the person became or ceased to be a director of the company.</p></content></subsection><subsection><num>(3)</num><intro><p>A notice under subsection (1)(a) of a person having become a director must contain—</p></intro><level class="para1"><num>(a)</num><content><p>a statement of the required information about the new director (see sections 167J and 167K);</p></content></level><level class="para1"><num>(b)</num><content><p>a statement by the company that the person has consented to act in that capacity;</p></content></level><level class="para1" eId="d28e32796"><num>(c)</num><content><p>if the person is an individual, a statement that their identity is verified (see section 1110A);</p></content></level><level class="para1"><num>(d)</num><intro><p>a statement that the person is not—</p></intro><level class="para2"><num>(i)</num><content><p>disqualified under the directors disqualification legislation (see section 159A(2)), or</p></content></level><level class="para2"><num>(ii)</num><content><p>otherwise ineligible by virtue of any enactment for appointment as a director;</p></content></level></level><level class="para1" eId="d28e32820"><num>(e)</num><intro><p>if the person would be disqualified under the directors disqualification legislation but for the permission of a court to act, a statement to that effect specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the court by which permission was given, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the date on which permission was given.</p></content></level></level><level class="para1"><num>(f)</num><intro><p>if the person would be disqualified under the directors disqualification legislation by virtue of section 11A of the Company Directors Disqualification Act 1986 or Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002 (designated persons under sanctions legislation) but for the authority of a licence of the kind mentioned in that section or Article, a statement to that effect specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the date on which the licence was issued, and</p></content></level><level class="para2"><num>(ii)</num><content><p>by whom it was issued.</p></content></level></level></subsection><subsection><num>(4)</num><content><p>In subsection (3)(e) “<term refersTo="#term-permission-of-a-court-to-act">permission of a court to act</term>” means permission of a court under a provision mentioned in column 2 of the table in section 159A(2).</p></content></subsection><subsection><num>(5)</num><content><p>Subsection (1)(a) does not require a company, on its incorporation, to give notice in relation to a person named as a proposed director in the statement under section 12.</p></content></subsection><subsection eId="d28e32871"><num>(6)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the person becomes or ceases to be a director.</p></content></subsection></section><section><num>167H</num><heading>Duty to notify registrar of changes of information</heading><subsection eId="d28e32884"><num>(1)</num><content><p>A company must give notice to the registrar of any change in the required information about a director (see sections 167J and 167K).</p></content></subsection><subsection><num>(2)</num><content><p>The notice must specify the date on which the change occurred.</p></content></subsection><subsection><num>(3)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection><subsection eId="d28e32902"><num>(4)</num><content><p>Where a company gives notice of a change of a director’s service address but not their residential address, the notice must contain a statement that the residential address is unchanged.</p></content></subsection></section><section eId="d28e32911"><num>167I</num><heading>Notification of changes occurring before company’s incorporation</heading><subsection eId="d28e32915"><num>(1)</num><content><p>A company must give notice to the registrar if a person named in the statement under section 12 as a proposed director of the company did not become a director on its incorporation.</p></content></subsection><subsection eId="d28e32921"><num>(2)</num><intro><p>A company must give notice to the registrar of any change in the required information about a proposed director that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for the company’s registration under section 9 was delivered to the registrar, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the company was incorporated.</p></content></level></subsection><subsection><num>(3)</num><content><p>But a company is not required to give notice under subsection (2) in respect of a person if it gives notice under subsection (1) in respect of the person.</p></content></subsection><subsection><num>(4)</num><content><p>A notice under subsection (2) must specify the date on which the change occurred.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the company was incorporated.</p></content></subsection></section><section><num>167J</num><heading>Required information about a director: individuals</heading><subsection><num>(1)</num><intro><p>The required information about a director (or proposed director) who is an individual is—</p></intro><level class="para1"><num>(a)</num><content><p>name, date of birth and nationality;</p></content></level><level class="para1"><num>(b)</num><content><p>any relevant former names;</p></content></level><level class="para1"><num>(c)</num><content><p>a service address (which may be stated as “The company’s registered office”);</p></content></level><level class="para1"><num>(d)</num><content><p>usual residential address;</p></content></level><level class="para1"><num>(e)</num><content><p>the part of the United Kingdom in which the individual is usually resident or, if the individual is usually resident in a country or state outside the United Kingdom, that country or state.</p></content></level></subsection><subsection><num>(2)</num><intro><p>In subsection (1)(b) “<term refersTo="#term-relevant-former-name">relevant former name</term>” means any former name other than—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a peer, or an individual normally known by a British title, the name by which the individual was known previous to the adoption of or succession to the title, or</p></content></level><level class="para1"><num>(b)</num><intro><p>in the case of any person—</p></intro><level class="para2"><num>(i)</num><content><p>a former name which was changed or disused before the person attained the age of 16 years,</p></content></level><level class="para2"><num>(ii)</num><content><p>a former name which has been changed or disused for 20 years or more, or</p></content></level><level class="para2"><num>(iii)</num><content><p>a former name which the registrar is required to refrain from making available for public inspection or from disclosing (or both) by virtue of regulations under section 1088(1)(a) or (b).</p></content></level></level></subsection><subsection><num>(3)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-former-name">former name</term>” means a name by which the individual was formerly known for business purposes;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-name">name</term>” means the individual’s forename and surname.</p></content></hcontainer></subsection><subsection eId="d28e33060"><num>(4)</num><content><p>Where a director (or proposed director) is a peer or an individual usually known by a title, any requirement imposed by this Act to provide the individual’s name because it forms part of the required information may be satisfied by providing that title instead of the individual’s forename and surname.</p></content></subsection><subsection><num>(5)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>amend this section so as to change the required information about a director (or proposed director) who is an individual;</p></content></level><level class="para1"><num>(b)</num><content><p>repeal subsection (4).</p></content></level></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section><num>167K</num><heading>Required information about a director: corporate directors and firms</heading><subsection><num>(1)</num><intro><p>The required information about a director (or proposed director) that is a body corporate, or a firm that is a legal person under the law by which it is governed, is—</p></intro><level class="para1"><num>(a)</num><content><p>corporate or firm name;</p></content></level><level class="para1"><num>(b)</num><content><p>principal office;</p></content></level><level class="para1"><num>(c)</num><content><p>a service address (which may be stated as “The company’s registered office”);</p></content></level><level class="para1"><num>(d)</num><content><p>in the case of a limited company that is a UK-registered company, the registered number;</p></content></level><level class="para1"><num>(e)</num><intro><p>in any other case, particulars of—</p></intro><level class="para2"><num>(i)</num><content><p>the legal form of the body corporate or firm and the law by which it is governed, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if applicable, the register in which it is entered (including details of the state) and its registration number in that register.</p></content></level></level></subsection><subsection><num>(2)</num><content><p>The Secretary of State may by regulations amend this section so as to change the required information about a director (or proposed director) of a description mentioned in subsection (1).</p></content></subsection><subsection><num>(3)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section eId="d28e33160"><num>167L</num><heading>Directors: offence of failure to notify of changes</heading><subsection><num>(1)</num><intro><p>If a company fails, without reasonable excuse, to comply with section 167G, 167H or 167I, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(2)</num><content><p>For this purpose a shadow director is treated as an officer of the company.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></section></hcontainer></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-2-paragraph-3-2"><num>(2)</num><intro><p>The provision that may be made under section 220(1) in connection with the coming into force of this paragraph includes—</p></intro><level class="para1" eId="schedule-2-paragraph-3-2-a"><num>(a)</num><content><p>provision requiring a company to deliver to the registrar, at the same time as a confirmation statement, a statement, in respect of any individual who became a director of the company (otherwise than on its incorporation) before the coming into force of this paragraph, confirming that the individual’s identity is verified (within the meaning of section 1110A of the Companies Act 2006), and</p></content></level><level class="para1" eId="schedule-2-paragraph-3-2-b"><num>(b)</num><content><p>provision for section 853A(1)(b)(i) of the Companies Act 2006 (as substituted by section 59 of this Act) to have effect as if it included a reference to the duty imposed by virtue of paragraph (a).</p></content></level></subparagraph><subparagraph eId="schedule-2-paragraph-3-3"><num>(3)</num><intro><p>In sub-paragraph (2)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-confirmation-statement" eId="term-confirmation-statement">confirmation statement</term>” has the meaning given by section 853A of the Companies Act 2006;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Companies Acts (see section 1060 of the Companies Act 2006).</p></content></hcontainer></subparagraph></paragraph>
<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-part-2"><num>PART 2</num><heading>Register of secretaries</heading><paragraph eId="schedule-2-paragraph-4" class="schProv1"><num>4</num><content><p>The Companies Act 2006 is amended as follows.</p></content></paragraph><paragraph eId="schedule-2-paragraph-5" class="schProv1"><num>5</num><content><p>Omit sections 274A to 279F (register of secretaries etc) (including the italic heading before section 279A).</p></content></paragraph><paragraph eId="schedule-2-paragraph-6" class="schProv1"><num>6</num><content><p><mod>Before section 280 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Notification of information about secretaries</heading><section><num>279G</num><heading>Duty to notify registrar of change in secretary or joint secretary</heading><subsection><num>(1)</num><intro><p>A company must give notice to the registrar if a person—</p></intro><level class="para1" eId="d28e33293"><num>(a)</num><content><p>becomes the secretary or one of the joint secretaries of the company, or</p></content></level><level class="para1"><num>(b)</num><content><p>ceases to be the secretary or one of the joint secretaries of the company.</p></content></level></subsection><subsection><num>(2)</num><content><p>The notice must specify the date on which the person became or ceased to be the secretary or one of the joint secretaries of the company.</p></content></subsection><subsection><num>(3)</num><intro><p>A notice under subsection (1)(a) must contain—</p></intro><level class="para1"><num>(a)</num><content><p>a statement of the required information about the secretary or joint secretary (see sections 279J and 279K), and</p></content></level><level class="para1"><num>(b)</num><content><p>a statement by the company that the person has consented to act in that capacity.</p></content></level></subsection><subsection><num>(4)</num><content><p>Subsection (1)(a) does not require a company, on its incorporation, to give notice in relation to a person named as the proposed secretary or one of the proposed joint secretaries of the company in the statement under section 12.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the person becomes or ceases to be the secretary or a joint secretary.</p></content></subsection></section><section><num>279H</num><heading>Duty to notify registrar of changes of information</heading><subsection eId="d28e33348"><num>(1)</num><content><p>A company must give notice to the registrar of any change in the required information about the secretary or one of the joint secretaries of the company (see sections 279J and 279K).</p></content></subsection><subsection><num>(2)</num><content><p>The notice must specify the date on which the change occurred.</p></content></subsection><subsection><num>(3)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection></section><section eId="d28e33369"><num>279I</num><heading>Notification of changes occurring before company’s incorporation</heading><subsection eId="d28e33373"><num>(1)</num><intro><p>A company must give notice to the registrar if—</p></intro><level class="para1"><num>(a)</num><content><p>a person named in the statement under section 12 as the proposed secretary of the company did not become the secretary on its incorporation, or</p></content></level><level class="para1"><num>(b)</num><content><p>a person named in the statement under section 12 as one of the proposed joint secretaries of the company become did not become one of the joint secretaries on its incorporation.</p></content></level></subsection><subsection eId="d28e33391"><num>(2)</num><intro><p>A company must give notice to the registrar of any change in the required information about a proposed secretary, or one of the proposed joint secretaries, that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for the company’s registration under section 9 was delivered to the registrar, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the company was incorporated.</p></content></level></subsection><subsection><num>(3)</num><content><p>But a company is not required to give notice under subsection (2) in respect of a person if it gives notice under subsection (1) in respect of the person.</p></content></subsection><subsection><num>(4)</num><content><p>A notice under subsection (2) must specify the date on which the change occurred.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the company was incorporated.</p></content></subsection></section><section><num>279J</num><heading>Required information about a secretary etc: individuals</heading><subsection><num>(1)</num><intro><p>The required information about a secretary or joint secretary (or proposed secretary or joint secretary) who is an individual is—</p></intro><level class="para1"><num>(a)</num><content><p>name;</p></content></level><level class="para1" eId="d28e33446"><num>(b)</num><content><p>any relevant former names;</p></content></level><level class="para1"><num>(c)</num><content><p>a service address (which may be stated as “The company’s registered office”).</p></content></level></subsection><subsection eId="d28e33458"><num>(2)</num><intro><p>In subsection (1)(b) “<term refersTo="#term-relevant-former-name">relevant former name</term>” means any former name other than—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a peer, or an individual normally known by a British title, the name by which the individual was known previous to the adoption of or succession to the title, or</p></content></level><level class="para1"><num>(b)</num><intro><p>in the case of any person—</p></intro><level class="para2"><num>(i)</num><content><p>a former name which was changed or disused before the person attained the age of 16 years,</p></content></level><level class="para2"><num>(ii)</num><content><p>a former name which has been changed or disused for 20 years or more, or</p></content></level><level class="para2"><num>(iii)</num><content><p>a former name which the registrar is required to refrain from making available for public inspection or from disclosing (or both) by virtue of regulations under section 1088(1)(a) or (b).</p></content></level></level></subsection><subsection><num>(3)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-former-name">former name</term>” means a name by which the individual was formerly known for business purposes;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-name">name</term>” means the individual’s forename and surname.</p></content></hcontainer></subsection><subsection eId="d28e33518"><num>(4)</num><content><p>Where a secretary or joint secretary (or proposed secretary or joint secretary) is a peer or an individual usually known by a title, any requirement of this Act to provide the individual’s name because it forms part of the required information may be satisfied by providing that title instead of the individual’s forename and surname.</p></content></subsection><subsection><num>(5)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>amend this section so as to change the required information about a secretary or joint secretary (or proposed secretary or joint secretary) who is an individual;</p></content></level><level class="para1"><num>(b)</num><content><p>repeal subsection (4).</p></content></level></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section><num>279K</num><heading>Required information about a secretary etc: corporate secretaries and firms</heading><subsection eId="d28e33555"><num>(1)</num><intro><p>The required information about a secretary or joint secretary (or proposed secretary or joint secretary) that is a body corporate, or a firm that is a legal person under the law by which it is governed, is—</p></intro><level class="para1"><num>(a)</num><content><p>corporate or firm name;</p></content></level><level class="para1"><num>(b)</num><content><p>principal office;</p></content></level><level class="para1"><num>(c)</num><content><p>a service address (which may be stated as “The company’s registered office”);</p></content></level><level class="para1"><num>(d)</num><content><p>in the case of a limited company that is a UK-registered company, the registered number;</p></content></level><level class="para1"><num>(e)</num><intro><p>in any other case, particulars of—</p></intro><level class="para2"><num>(i)</num><content><p>the legal form of the body corporate or firm and the law by which it is governed, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if applicable, the register in which it is entered (including details of the state) and its registration number in that register.</p></content></level></level></subsection><subsection><num>(2)</num><content><p>The Secretary of State may by regulations amend this section so as to change the required information about a secretary or joint secretary (or proposed secretary or joint secretary) of a description mentioned in subsection (1).</p></content></subsection><subsection><num>(3)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section><num>279L</num><heading>Firms all of whose partners are joint secretaries</heading><subsection><num>(1)</num><intro><p>This section applies where—</p></intro><level class="para1"><num>(a)</num><content><p>all the members in a firm are joint secretaries (or proposed joint secretaries) of a company, and</p></content></level><level class="para1"><num>(b)</num><content><p>the firm is not a legal person under the law by which it is governed.</p></content></level></subsection><subsection><num>(2)</num><content><p>Any requirement imposed by this Act to provide the required information about the members as joint secretaries (or proposed joint secretaries) may instead be satisfied by providing the information that would be required if the firm were a legal person and the firm had been appointed as secretary.</p></content></subsection></section><section><num>279M</num><heading>Secretary or joint secretary: offence of failure to notify of changes</heading><subsection><num>(1)</num><intro><p>If a company fails, without reasonable excuse, to comply with section 279G, 279H or 279I, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(2)</num><content><p>For this purpose a shadow director is treated as an officer of the company.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></section></hcontainer><heading ukl:Context="Pblock">Person acting in dual capacity</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph></part>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-4" class="schProv1"><num>4</num><content><p>The Companies Act 2006 is amended as follows.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-5" class="schProv1"><num>5</num><content><p>Omit sections 274A to 279F (register of secretaries etc) (including the italic heading before section 279A).</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-6" class="schProv1"><num>6</num><content><p><mod>Before section 280 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Notification of information about secretaries</heading><section><num>279G</num><heading>Duty to notify registrar of change in secretary or joint secretary</heading><subsection><num>(1)</num><intro><p>A company must give notice to the registrar if a person—</p></intro><level class="para1" eId="d28e33293"><num>(a)</num><content><p>becomes the secretary or one of the joint secretaries of the company, or</p></content></level><level class="para1"><num>(b)</num><content><p>ceases to be the secretary or one of the joint secretaries of the company.</p></content></level></subsection><subsection><num>(2)</num><content><p>The notice must specify the date on which the person became or ceased to be the secretary or one of the joint secretaries of the company.</p></content></subsection><subsection><num>(3)</num><intro><p>A notice under subsection (1)(a) must contain—</p></intro><level class="para1"><num>(a)</num><content><p>a statement of the required information about the secretary or joint secretary (see sections 279J and 279K), and</p></content></level><level class="para1"><num>(b)</num><content><p>a statement by the company that the person has consented to act in that capacity.</p></content></level></subsection><subsection><num>(4)</num><content><p>Subsection (1)(a) does not require a company, on its incorporation, to give notice in relation to a person named as the proposed secretary or one of the proposed joint secretaries of the company in the statement under section 12.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the person becomes or ceases to be the secretary or a joint secretary.</p></content></subsection></section><section><num>279H</num><heading>Duty to notify registrar of changes of information</heading><subsection eId="d28e33348"><num>(1)</num><content><p>A company must give notice to the registrar of any change in the required information about the secretary or one of the joint secretaries of the company (see sections 279J and 279K).</p></content></subsection><subsection><num>(2)</num><content><p>The notice must specify the date on which the change occurred.</p></content></subsection><subsection><num>(3)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection></section><section eId="d28e33369"><num>279I</num><heading>Notification of changes occurring before company’s incorporation</heading><subsection eId="d28e33373"><num>(1)</num><intro><p>A company must give notice to the registrar if—</p></intro><level class="para1"><num>(a)</num><content><p>a person named in the statement under section 12 as the proposed secretary of the company did not become the secretary on its incorporation, or</p></content></level><level class="para1"><num>(b)</num><content><p>a person named in the statement under section 12 as one of the proposed joint secretaries of the company become did not become one of the joint secretaries on its incorporation.</p></content></level></subsection><subsection eId="d28e33391"><num>(2)</num><intro><p>A company must give notice to the registrar of any change in the required information about a proposed secretary, or one of the proposed joint secretaries, that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for the company’s registration under section 9 was delivered to the registrar, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the company was incorporated.</p></content></level></subsection><subsection><num>(3)</num><content><p>But a company is not required to give notice under subsection (2) in respect of a person if it gives notice under subsection (1) in respect of the person.</p></content></subsection><subsection><num>(4)</num><content><p>A notice under subsection (2) must specify the date on which the change occurred.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the company was incorporated.</p></content></subsection></section><section><num>279J</num><heading>Required information about a secretary etc: individuals</heading><subsection><num>(1)</num><intro><p>The required information about a secretary or joint secretary (or proposed secretary or joint secretary) who is an individual is—</p></intro><level class="para1"><num>(a)</num><content><p>name;</p></content></level><level class="para1" eId="d28e33446"><num>(b)</num><content><p>any relevant former names;</p></content></level><level class="para1"><num>(c)</num><content><p>a service address (which may be stated as “The company’s registered office”).</p></content></level></subsection><subsection eId="d28e33458"><num>(2)</num><intro><p>In subsection (1)(b) “<term refersTo="#term-relevant-former-name">relevant former name</term>” means any former name other than—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a peer, or an individual normally known by a British title, the name by which the individual was known previous to the adoption of or succession to the title, or</p></content></level><level class="para1"><num>(b)</num><intro><p>in the case of any person—</p></intro><level class="para2"><num>(i)</num><content><p>a former name which was changed or disused before the person attained the age of 16 years,</p></content></level><level class="para2"><num>(ii)</num><content><p>a former name which has been changed or disused for 20 years or more, or</p></content></level><level class="para2"><num>(iii)</num><content><p>a former name which the registrar is required to refrain from making available for public inspection or from disclosing (or both) by virtue of regulations under section 1088(1)(a) or (b).</p></content></level></level></subsection><subsection><num>(3)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-former-name">former name</term>” means a name by which the individual was formerly known for business purposes;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-name">name</term>” means the individual’s forename and surname.</p></content></hcontainer></subsection><subsection eId="d28e33518"><num>(4)</num><content><p>Where a secretary or joint secretary (or proposed secretary or joint secretary) is a peer or an individual usually known by a title, any requirement of this Act to provide the individual’s name because it forms part of the required information may be satisfied by providing that title instead of the individual’s forename and surname.</p></content></subsection><subsection><num>(5)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>amend this section so as to change the required information about a secretary or joint secretary (or proposed secretary or joint secretary) who is an individual;</p></content></level><level class="para1"><num>(b)</num><content><p>repeal subsection (4).</p></content></level></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section><num>279K</num><heading>Required information about a secretary etc: corporate secretaries and firms</heading><subsection eId="d28e33555"><num>(1)</num><intro><p>The required information about a secretary or joint secretary (or proposed secretary or joint secretary) that is a body corporate, or a firm that is a legal person under the law by which it is governed, is—</p></intro><level class="para1"><num>(a)</num><content><p>corporate or firm name;</p></content></level><level class="para1"><num>(b)</num><content><p>principal office;</p></content></level><level class="para1"><num>(c)</num><content><p>a service address (which may be stated as “The company’s registered office”);</p></content></level><level class="para1"><num>(d)</num><content><p>in the case of a limited company that is a UK-registered company, the registered number;</p></content></level><level class="para1"><num>(e)</num><intro><p>in any other case, particulars of—</p></intro><level class="para2"><num>(i)</num><content><p>the legal form of the body corporate or firm and the law by which it is governed, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if applicable, the register in which it is entered (including details of the state) and its registration number in that register.</p></content></level></level></subsection><subsection><num>(2)</num><content><p>The Secretary of State may by regulations amend this section so as to change the required information about a secretary or joint secretary (or proposed secretary or joint secretary) of a description mentioned in subsection (1).</p></content></subsection><subsection><num>(3)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section><num>279L</num><heading>Firms all of whose partners are joint secretaries</heading><subsection><num>(1)</num><intro><p>This section applies where—</p></intro><level class="para1"><num>(a)</num><content><p>all the members in a firm are joint secretaries (or proposed joint secretaries) of a company, and</p></content></level><level class="para1"><num>(b)</num><content><p>the firm is not a legal person under the law by which it is governed.</p></content></level></subsection><subsection><num>(2)</num><content><p>Any requirement imposed by this Act to provide the required information about the members as joint secretaries (or proposed joint secretaries) may instead be satisfied by providing the information that would be required if the firm were a legal person and the firm had been appointed as secretary.</p></content></subsection></section><section><num>279M</num><heading>Secretary or joint secretary: offence of failure to notify of changes</heading><subsection><num>(1)</num><intro><p>If a company fails, without reasonable excuse, to comply with section 279G, 279H or 279I, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(2)</num><content><p>For this purpose a shadow director is treated as an officer of the company.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></section></hcontainer><heading ukl:Context="Pblock">Person acting in dual capacity</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph>
<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-part-3"><num>PART 3</num><heading>Register of people with significant control</heading><paragraph eId="schedule-2-paragraph-7" class="schProv1"><num>7</num><content><p>The Companies Act 2006 is amended as follows.</p></content></paragraph><paragraph eId="schedule-2-paragraph-8" class="schProv1"><num>8</num><intro><p>In section 790A (overview of Part)—</p></intro><level class="para1" eId="schedule-2-paragraph-8-a"><num>(a)</num><content><p><mod>in paragraph (b), for “keep the register required by Chapter 3” substitute <quotedText>“notify the registrar of the information in accordance with Chapter 2A”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-2-paragraph-8-b"><num>(b)</num><content><p><mod>for paragraphs (c) and (d) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>Chapter 2A requires companies to notify the registrar of information relating to persons with significant control;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></paragraph><paragraph eId="schedule-2-paragraph-9" class="schProv1"><num>9</num><content><p>In section 790C (key terms), omit subsection (10).</p></content></paragraph><paragraph eId="schedule-2-paragraph-10" class="schProv1"><num>10</num><content><p><mod>After section 790C insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>790CA</num><heading>References to “confirmation” etc of information</heading><intro><p>For the purposes of this Part a company has had confirmation of—</p></intro><level class="para1"><num>(a)</num><content><p>a person’s status as a registrable person or a registrable relevant legal entity in relation to the company,</p></content></level><level class="para1"><num>(b)</num><content><p>the required particulars of a person (see section 790K), or</p></content></level><level class="para1"><num>(c)</num><content><p>any other information about a person,</p></content></level><wrapUp><p>if the person has supplied that information to the company whether or not in pursuance of any duty imposed by this Part (and references to a company obtaining confirmation of information are to be read accordingly).</p></wrapUp></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-part-3-paragraph-11n1" class="schProv1"><num>11</num><content><p><mod>For sections 790D and 790E substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>790CB</num><heading>Duty to find out about persons with significant control</heading><content><p>A company to which this Part applies must take reasonable steps to find out if there is anyone who is a registrable person or a registrable relevant legal entity in relation to the company and, if so, to identify them.</p></content></section><section><num>790D</num><heading>Company’s duty to give notices to persons with significant control</heading><subsection><num>(1)</num><intro><p>A company to which this Part applies must give a notice to a person under this section if—</p></intro><level class="para1" eId="d28e33823"><num>(a)</num><content><p>the company knows or has cause to believe that the person is a registrable person or a registrable relevant legal entity in relation to the company, but</p></content></level><level class="para1" eId="d28e33829"><num>(b)</num><content><p>the company has not had confirmation of the person’s status as a registrable person or registrable relevant legal entity or has not had confirmation of all of the required particulars of the person (see section 790K).</p></content></level></subsection><subsection eId="d28e33835"><num>(2)</num><intro><p>The notice must require the person—</p></intro><level class="para1"><num>(a)</num><content><p>to inform the company whether the person is a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>if they are, to give the company all of the required particulars of the person (see section 790K).</p></content></level></subsection><subsection><num>(3)</num><content><p>The notice must require the person to whom it is given to comply with the notice by no later than the end of the period of one month beginning with the day on which it is given.</p></content></subsection><subsection><num>(4)</num><intro><p>The company must give the notice—</p></intro><level class="para1"><num>(a)</num><content><p>as soon as reasonably practicable after the company becomes subject to the duty to give a notice under this section, and</p></content></level><level class="para1"><num>(b)</num><content><p>in any event before the end of the period of 14 days beginning with the day on which the company becomes so subject.</p></content></level></subsection><subsection><num>(5)</num><intro><p>A company is not required to give a notice under this section to a person if—</p></intro><level class="para1"><num>(a)</num><content><p>the application for the registration of the company contained a statement of initial significant control naming the person as someone who would, on the company’s incorporation, become a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>the company has no cause to believe that at any time since its incorporation the person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company.</p></content></level></subsection><subsection eId="d28e33895"><num>(6)</num><content><p>The Secretary of State may by regulations make further provision about the giving of notices under this section, including provision about their form and content and the manner in which they must be given.</p></content></subsection><subsection eId="d28e33901"><num>(7)</num><content><p>Regulations under subsection (6) are subject to negative resolution procedure.</p></content></subsection></section><section><num>790DA</num><heading>Obtaining information from third parties</heading><subsection eId="d28e33914"><num>(1)</num><intro><p>A company to which this Part applies may give a notice to a person under this section if it knows or has cause to believe that the person—</p></intro><level class="para1"><num>(a)</num><content><p>knows the identity of someone who falls within subsection (2), or</p></content></level><level class="para1"><num>(b)</num><content><p>knows the identity of someone likely to have that knowledge.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The persons who fall within this subsection are—</p></intro><level class="para1"><num>(a)</num><content><p>a registrable person in relation to the company;</p></content></level><level class="para1"><num>(b)</num><content><p>a relevant legal entity in relation to the company;</p></content></level><level class="para1"><num>(c)</num><content><p>an entity which would be a relevant legal entity in relation to the company but for the fact that section 790C(6)(b) does not apply in respect of it.</p></content></level></subsection><subsection eId="d28e33956"><num>(3)</num><intro><p>A company must give a notice under subsection (1) to a person (“a third party”) if the company—</p></intro><level class="para1"><num>(a)</num><content><p>knows or has cause to believe that a person is a registrable person or a registrable relevant legal entity in relation to the company (“a suspected PSC”),</p></content></level><level class="para1"><num>(b)</num><content><p>is under a duty to give the suspected PSC a notice under section 790D but does not have the information that it needs in order to contact them, and</p></content></level><level class="para1"><num>(c)</num><intro><p>knows or has cause to believe that the third party—</p></intro><level class="para2"><num>(i)</num><content><p>knows the identity of the suspected PSC, or</p></content></level><level class="para2"><num>(ii)</num><content><p>knows the identity of someone likely to have that knowledge.</p></content></level></level></subsection><subsection><num>(4)</num><intro><p>A notice under subsection (1) must require the person to whom it is given (“<term refersTo="#term-the-recipient">the recipient</term>”)—</p></intro><level class="para1"><num>(a)</num><intro><p>to inform the company whether the recipient knows the identity of any person who—</p></intro><level class="para2"><num>(i)</num><content><p>falls within subsection (2), or</p></content></level><level class="para2"><num>(ii)</num><content><p>is likely to know the identity of anyone who falls within subsection (2), and</p></content></level></level><level class="para1"><num>(b)</num><content><p>if the recipient does, to give the company any information within the recipient’s knowledge that would allow the company to contact each such person.</p></content></level></subsection><subsection><num>(5)</num><content><p>The notice must require the person to whom it is given to comply with the notice by no later than the end of the period of one month beginning with the day on which it is given.</p></content></subsection><subsection><num>(6)</num><content><p>A person to whom a notice under subsection (1) is given is not required by that notice to disclose any information in respect of which a claim to legal professional privilege (in Scotland, to confidentiality of communications) could be maintained in legal proceedings.</p></content></subsection><subsection eId="d28e34037"><num>(7)</num><content><p>The Secretary of State may by regulations make further provision about the giving of notices under this section, including provision about their form and content and the manner in which they must be given.</p></content></subsection><subsection><num>(8)</num><content><p>Regulations under subsection (7) are subject to negative resolution procedure.</p></content></subsection><subsection><num>(9)</num><content><p>In this section a reference to knowing the identity of a person includes knowing information from which that person can be identified.</p></content></subsection></section><section><num>790E</num><heading>Company’s duty to find out about changes in PSC information</heading><subsection><num>(1)</num><intro><p>This section applies if a company—</p></intro><level class="para1" eId="d28e34068"><num>(a)</num><content><p>knows or has cause to believe that there has been a change in the required particulars of a registrable person or a registrable relevant legal entity in relation to the company (see section 790K), but</p></content></level><level class="para1" eId="d28e34074"><num>(b)</num><content><p>has not had confirmation that the change has occurred or has not had confirmation of all of the information that the company would need to include in a notice of the change under section 790LD(1) or 790LE(1).</p></content></level></subsection><subsection><num>(2)</num><intro><p>The company must give the person a notice requiring the person—</p></intro><level class="para1"><num>(a)</num><content><p>to inform the company whether the change has occurred, and</p></content></level><level class="para1"><num>(b)</num><content><p>if it has, to give the company the information that the company would need to include in a notice of the change under section 790LD(1) or 790LE(1).</p></content></level></subsection><subsection><num>(3)</num><content><p>The notice must require the person to whom it is given to comply with the notice by no later than the end of the period of one month beginning with the day on which it is given.</p></content></subsection><subsection><num>(4)</num><intro><p>The company must give the notice—</p></intro><level class="para1"><num>(a)</num><content><p>as soon as reasonably practicable after the company becomes subject to the duty to give a notice under subsection (2), and</p></content></level><level class="para1"><num>(b)</num><content><p>in any event before the end of the period of 14 days beginning with the day on which the company becomes so subject.</p></content></level></subsection><subsection eId="d28e34122"><num>(5)</num><content><p>The Secretary of State may by regulations make further provision about the giving of notices under this section, including provision about their form and content and the manner in which they must be given.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under subsection (5) are subject to negative resolution procedure.</p></content></subsection></section><section><num>790EA</num><heading>Company’s duty to find out about persons ceasing to be PSCs</heading><subsection eId="d28e34141"><num>(1)</num><intro><p>This section applies if a company —</p></intro><level class="para1"><num>(a)</num><content><p>knows or has cause to believe that a person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company, but</p></content></level><level class="para1"><num>(b)</num><content><p>has not had confirmation that the person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company or has not had confirmation of the date on which the person so ceased.</p></content></level></subsection><subsection eId="d28e34159"><num>(2)</num><intro><p>The company must give the person a notice requiring the person—</p></intro><level class="para1"><num>(a)</num><content><p>to inform the company whether the person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the person has, to inform the company of the date on which the person so ceased.</p></content></level></subsection><subsection><num>(3)</num><content><p>The notice must require the person to whom it is given to comply with the notice by no later than the end of the period of one month beginning with the day on which it is given.</p></content></subsection><subsection><num>(4)</num><intro><p>The company must give the notice—</p></intro><level class="para1"><num>(a)</num><content><p>as soon as reasonably practicable after the company becomes subject to the duty under subsection (2), and</p></content></level><level class="para1"><num>(b)</num><content><p>in any event before the end of the period of 14 days beginning with the day on which the company becomes so subject.</p></content></level></subsection><subsection eId="d28e34201"><num>(5)</num><content><p>The Secretary of State may by regulations make further provision about the giving of notices under this section, including provision about their form and content and the manner in which they must be given.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under subsection (5) are subject to negative resolution procedure.</p></content></subsection></section><section><num>790EB</num><heading>Company’s duty to notify failure to comply with notices</heading><subsection eId="d28e34220"><num>(1)</num><content><p>A company must notify the registrar if a person fails to comply with a notice given by the company under section 790D, 790DA, 790E or 790EA within the period specified in it.</p></content></subsection><subsection><num>(2)</num><content><p>The notice must be given within the period of 14 days beginning with the end of the period specified in the notice under section 790D, 790DA, 790E or 790EA.</p></content></subsection></section><section><num>790EC</num><heading>Company’s duty to notify of late compliance with notices</heading><subsection eId="d28e34239"><num>(1)</num><content><p>A company must notify the registrar if a person who has failed to comply with a notice given by the company under section 790D, 790DA, 790E or 790EA within the period specified in it subsequently complies.</p></content></subsection><subsection><num>(2)</num><content><p>The notice must be given within the period of 14 days beginning with the day on which the person complied with the notice under section 790D, 790DA, 790E or 790EA.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-part-3-paragraph-11n2" class="schProv1"><num>11</num><content><p><mod>In section 790F (failure by company to comply with information duties), for subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>If a company fails, without reasonable excuse, to comply with a duty under section 790CB, 790D, 790DA(3), 790E, 790EA, 790EB or 790EC to take steps or give a notice, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-12" class="schProv1"><num>12</num><content><p><mod>For sections 790G and 790H substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>790G</num><heading>Duty to notify company on becoming PSC</heading><subsection><num>(1)</num><intro><p>This section applies to a person if—</p></intro><level class="para1" eId="d28e34299"><num>(a)</num><content><p>the person knows that they are a registrable person or a registrable relevant legal entity in relation to a company,</p></content></level><level class="para1"><num>(b)</num><content><p>the material in the register that is available for public inspection does not indicate the person’s status as a registrable person or registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(c)</num><intro><p>the person—</p></intro><level class="para2"><num>(i)</num><content><p>has not informed the company of the person’s status as a registrable person or registrable relevant legal entity in relation to the company, or</p></content></level><level class="para2"><num>(ii)</num><content><p>has not given the company all of the required particulars of the person (see section 790K).</p></content></level></level></subsection><subsection eId="d28e34329"><num>(2)</num><intro><p>The person must—</p></intro><level class="para1"><num>(a)</num><content><p>inform the company of the person’s status as a registrable person or registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>give the company the required particulars (see section 790K).</p></content></level></subsection><subsection><num>(3)</num><content><p>The person must comply with the duty in subsection (2) before the end of the period of one month beginning with the day on which the conditions in subsection (1) are met.</p></content></subsection></section><section><num>790H</num><heading>Duty to notify company of changes in PSC information</heading><subsection><num>(1)</num><intro><p>This section applies to a person if—</p></intro><level class="para1" eId="d28e34366"><num>(a)</num><content><p>the person knows that they are a registrable person or a registrable relevant legal entity in relation to a company,</p></content></level><level class="para1"><num>(b)</num><content><p>there has been a change in the required particulars of the person (see section 790K) and the person knows that to be the case, and</p></content></level><level class="para1" eId="d28e34378"><num>(c)</num><content><p>the person has not informed the company of the change or has not given the company all of the information that the company would need to include in a notice of the change under section 790LD(1) or 790LE(1).</p></content></level></subsection><subsection><num>(2)</num><intro><p>The person must—</p></intro><level class="para1"><num>(a)</num><content><p>inform the company of the change, and</p></content></level><level class="para1"><num>(b)</num><content><p>give the company the information that the company would need to include in a notice of the change under section 790LD(1) or 790LE(1).</p></content></level></subsection><subsection><num>(3)</num><content><p>The person must comply with the duty in subsection (2) before the end of the period of one month beginning with the day on which the conditions in subsection (1) are met.</p></content></subsection></section><section><num>790HA</num><heading>Duty to notify company of ceasing to be a PSC</heading><subsection eId="d28e34415"><num>(1)</num><intro><p>This section applies to a person if—</p></intro><level class="para1"><num>(a)</num><content><p>the person knows that they have ceased to be a registrable person or a registrable relevant legal entity in relation to a company,</p></content></level><level class="para1"><num>(b)</num><content><p>the material in the register that is available for public inspection does not indicate the person as having ceased to be a registrable person or a registrable relevant legal entity in relation to a company, and</p></content></level><level class="para1"><num>(c)</num><content><p>the person has not informed the company of having ceased to be a registrable person or a registrable relevant legal entity in relation to the company or has not informed the company of the date on which the person so ceased.</p></content></level></subsection><subsection eId="d28e34439"><num>(2)</num><intro><p>The person must inform the company—</p></intro><level class="para1"><num>(a)</num><content><p>that the person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>of the date on which the person so ceased.</p></content></level></subsection><subsection><num>(3)</num><content><p>The person must comply with the duty in subsection (2) before the end of the period of one month beginning with the day on which the conditions in subsection (1) are met.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-13" class="schProv1"><num>13</num><content><p><mod>In section 790I (enforcement of disclosure requirements), for the words from “a notice” to the end substitute <quotedText startQuote="“">—</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(a)</num><content><p>a notice under section 790D, 790DA, 790E or 790EA, or</p></content></level><level class="para1"><num>(b)</num><content><p>a duty under section 790G, 790H or 790HA.</p></content></level></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-14" class="schProv1"><num>14</num><content><p><mod>After section 790I insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Power to impose further duties</heading><section><num>790IA</num><heading>Power to impose further duties involving nominee shareholders</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations make further provision for the purpose of enabling a company to which this Part applies to find out about anyone who has become or ceased to be a person who is—</p></intro><level class="para1"><num>(a)</num><content><p>a registrable person in relation to the company by virtue of shares being held by a nominee, or</p></content></level><level class="para1"><num>(b)</num><content><p>a registrable relevant legal entity in relation to the company by virtue of shares being held by a nominee.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The regulations may, in particular—</p></intro><level class="para1"><num>(a)</num><intro><p>impose obligations on a company with a view to obtaining—</p></intro><level class="para2"><num>(i)</num><content><p>information about whether a person has become or ceased to be a nominee shareholder;</p></content></level><level class="para2"><num>(ii)</num><content><p>if they have, information about: (A) the shareholding; (B) the nominee; (C) the person for whom the nominee holds or held the shares;</p></content></level><level class="para2"><num>(iii)</num><content><p>any other information required by the regulations;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>impose obligations on others (including nominees or former nominees) with a view to providing the company with—</p></intro><level class="para2"><num>(i)</num><content><p>information of a kind described in paragraph (a)(i) or (ii);</p></content></level><level class="para2"><num>(ii)</num><content><p>any other information required by the regulations.</p></content></level></level></subsection><subsection><num>(3)</num><content><p>The regulations may, in particular, make provision similar or corresponding to any of the preceding provisions of this Chapter.</p></content></subsection><subsection><num>(4)</num><content><p>The provision that may be made by regulations under subsection (1) includes provision amending this Chapter.</p></content></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-15" class="schProv1"><num>15</num><intro><p>In section 790J (power to make exemptions)—</p></intro><level class="para1" eId="schedule-2-paragraph-15-a"><num>(a)</num><content><p><mod>in subsection (2)(a), for “790D(2) or 790E” substitute <quotedText>“790D, 790E or 790EA”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-2-paragraph-15-b"><num>(b)</num><content><p><mod>in subsection (2)(c), for “790D(5)” substitute <quotedText>“790DA”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-2-paragraph-15-c"><num>(c)</num><content><p><mod>in subsection (2)(d), for “and 790H” substitute <quotedText>“, 790H and 790HA”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-2-paragraph-15-d"><num>(d)</num><content><p><mod>in subsection (2)(e) for “section 790M” substitute <quotedText>“any of sections 12A, 790LA, 790LC, 790LD, 790LE, 790LF, 790LG, 790LH”</quotedText>.”</mod></p></content></level></paragraph><paragraph eId="schedule-2-paragraph-16" class="schProv1"><num>16</num><subparagraph eId="schedule-2-paragraph-16-1"><num>(1)</num><content><p>Section 790K (required particulars) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-2-paragraph-16-2"><num>(2)</num><content><p>In subsection (1), omit paragraph (i) and the “and” before it.</p></content></subparagraph><subparagraph eId="schedule-2-paragraph-16-3"><num>(3)</num><content><p><mod>In subsection (2), after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>a service address,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph><subparagraph eId="schedule-2-paragraph-16-4"><num>(4)</num><intro><p>In subsection (3)—</p></intro><level class="para1" eId="schedule-2-paragraph-16-4-a"><num>(a)</num><content><p>in paragraph (b), omit “registered or”;</p></content></level><level class="para1" eId="schedule-2-paragraph-16-4-b"><num>(b)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>a service address,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-2-paragraph-16-5"><num>(5)</num><content><p><mod>For subsection (4) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><content><p>In this section “<term refersTo="#term-name">name</term>”, in relation to an individual, means the individual’s forename and surname.</p></content></subsection><subsection eId="d28e34710"><num>(4A)</num><content><p>Where an individual is a peer or an individual usually known by a title, any requirement imposed by this Act to provide the individual’s name because it forms part of the required particulars under this section may be satisfied by providing that title instead of the individual’s forename and surname.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-2-paragraph-17" class="schProv1"><num>17</num><content><p><mod>In section 790L (required particulars: power to amend), for subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><intro><p>amend section 790K so as to change the “<term refersTo="#term-required-particulars">required particulars</term>” in relation to—</p></intro><level class="para2"><num>(i)</num><content><p>an individual who is a registrable person;</p></content></level><level class="para2"><num>(ii)</num><content><p>a person in relation to which this Part has effect by virtue of section 790C(12) as if the person were an individual;</p></content></level><level class="para2"><num>(iii)</num><content><p>a registrable relevant legal entity;</p></content></level></level><level class="para1"><num>(b)</num><content><p>repeal section 790K(4A).</p></content></level></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-18" class="schProv1"><num>18</num><content><p><mod>After section 790L insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><chapter><num>CHAPTER 2A</num><heading>Duty to notify registrar of persons with significant control and ID verification</heading><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Duty to notify registrar of persons with significant control</heading><section><num>790LA</num><heading>Duty to notify registrar of confirmed persons with significant control</heading><subsection><num>(1)</num><intro><p>A company must give a notice to the registrar if it has had confirmation of—</p></intro><level class="para1"><num>(a)</num><content><p>a person’s status as a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>the required particulars of the person (see section 790K).</p></content></level></subsection><subsection><num>(2)</num><content><p>A notice under subsection (1) must contain a statement of the required particulars.</p></content></subsection><subsection><num>(3)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company had confirmation as mentioned in that subsection.</p></content></subsection><subsection><num>(4)</num><intro><p>A company is not required to give a notice under this section in relation to a person if—</p></intro><level class="para1"><num>(a)</num><content><p>the application for the registration of the company contained a statement of initial significant control naming the person as someone who would, on the company’s incorporation, become a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>the company has no cause to believe that at any time since its incorporation the person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company.</p></content></level></subsection><subsection><num>(5)</num><content><p>Nothing in section 126 (notice of trusts not receivable by registrar) affects the duty to give a notice under this section (or the receipt of that notice by the registrar).</p></content></subsection></section><section eId="d28e34846"><num>790LB</num><heading>Option to provide ID verification information in notice of change</heading><subsection eId="d28e34850"><num>(1)</num><content><p>A notice under section 790LA(1) that relates to a registrable person may include a statement that the person’s identity is verified (see section 1110A).</p></content></subsection><subsection eId="d28e34856"><num>(2)</num><intro><p>A notice under section 790LA(1) that relates to a registrable relevant legal entity may include a statement that—</p></intro><level class="para1"><num>(a)</num><content><p>specifies the name of one of its relevant officers (within the meaning given by section 790LO(6)) who is an individual and whose identity is verified, and</p></content></level><level class="para1"><num>(b)</num><content><p>confirms that the individual’s identity is verified.</p></content></level></subsection><subsection eId="d28e34874"><num>(3)</num><content><p>If the notice includes a statement under subsection (2), it must be accompanied by a statement by the individual confirming that the individual is a relevant officer of the registrable relevant legal entity.</p></content></subsection><subsection><num>(4)</num><content><p>To find out what happens if the option in subsection (1) or (2) is not exercised, see sections 790LM and 790LO.</p></content></subsection><subsection><num>(5)</num><content><p>In subsection (1) “<term refersTo="#term-registrable-person">registrable person</term>” does not include a person mentioned in section 790C(12)(a) to (d).</p></content></subsection></section><section><num>790LC</num><heading>Duty to notify registrar of unconfirmed persons with significant control</heading><subsection eId="d28e34902"><num>(1)</num><intro><p>A company must give a notice to the registrar if—</p></intro><level class="para1"><num>(a)</num><content><p>it knows or has cause to believe that a person has become a registrable person or a registrable relevant legal entity in relation to the company, but</p></content></level><level class="para1"><num>(b)</num><content><p>it has not yet had confirmation as mentioned in section 790LA(1).</p></content></level></subsection><subsection><num>(2)</num><content><p>The notice must state that fact.</p></content></subsection><subsection><num>(3)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company first knows or has cause to believe that the person has become a registrable person or a registrable relevant legal entity in relation to the company.</p></content></subsection><subsection><num>(4)</num><content><p>Nothing in this section requires a company, on its incorporation, to give a notice in relation to a person included in the statement of initial significant control under section 12A.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Duty to notify registrar of changes in required particulars</heading><section><num>790LD</num><heading>Duties to notify of changes in required particulars</heading><subsection><num>(1)</num><intro><p>A company must give a notice to the registrar if it—</p></intro><level class="para1"><num>(a)</num><content><p>has had confirmation that there has been a change in the required particulars of a registrable person, or a registrable relevant legal entity, in relation to the company (see section 790K), and</p></content></level><level class="para1"><num>(b)</num><content><p>has had confirmation of how the required particulars have changed and the date on which they changed.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The notice must state—</p></intro><level class="para1"><num>(a)</num><content><p>the change in the required particulars, and</p></content></level><level class="para1"><num>(b)</num><content><p>the date on which the change occurred.</p></content></level></subsection><subsection><num>(3)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company had confirmation as mentioned in that subsection.</p></content></subsection><subsection><num>(4)</num><content><p>Nothing in section 126 (notice of trusts not receivable by registrar) affects the duty to give a notice under this section (or the receipt of that notice by the registrar).</p></content></subsection></section><section><num>790LE</num><heading>Duty to notify of pre-incorporation changes in required particulars</heading><subsection eId="d28e35003"><num>(1)</num><intro><p>A company must give a notice to the registrar if it—</p></intro><level class="para1"><num>(a)</num><content><p>has had confirmation that there was a pre-incorporation change in the required particulars of a proposed PSC (see section 790K), and</p></content></level><level class="para1"><num>(b)</num><content><p>has had confirmation of how the required particulars have changed and the date on which they changed.</p></content></level></subsection><subsection><num>(2)</num><content><p>But a company is not required to give a notice under subsection (1) in respect of a person if it has given a notice under section 790LG in respect of the person.</p></content></subsection><subsection><num>(3)</num><intro><p>A notice under subsection (1) must state—</p></intro><level class="para1"><num>(a)</num><content><p>the change in the required particulars, and</p></content></level><level class="para1"><num>(b)</num><content><p>the date on which the change occurred.</p></content></level></subsection><subsection><num>(4)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company had confirmation as mentioned in that subsection.</p></content></subsection><subsection><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-pre-incorporation-change">pre-incorporation change</term>” means a change that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for the registration of the company was delivered to the registrar, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the company was incorporated;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-proposed-psc">proposed PSC</term>”, in relation to a company, means a person who was named in a statement under section 12A(1)(a) as a person who would, on the company’s incorporation, become a registrable person or registrable relevant legal entity in relation to the company.</p></content></hcontainer></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Duty to notify registrar of person ceasing to be person with significant control etc</heading><section eId="d28e35087"><num>790LF</num><heading>Duty to notify registrar when person ceases to have significant control</heading><subsection><num>(1)</num><intro><p>A company must give a notice to the registrar if it—</p></intro><level class="para1"><num>(a)</num><content><p>has had confirmation that a person has ceased to be a registrable person or a registrable relevant legal entity in relation to it, and</p></content></level><level class="para1"><num>(b)</num><content><p>has had confirmation of the date on which the person so ceased.</p></content></level></subsection><subsection><num>(2)</num><intro><p>A notice under subsection (1) must state—</p></intro><level class="para1"><num>(a)</num><content><p>the person’s name and service address, and</p></content></level><level class="para1"><num>(b)</num><content><p>the date on which the person ceased to be a registrable person or a registrable relevant legal entity in relation to the company.</p></content></level></subsection><subsection><num>(3)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company had confirmation as mentioned in that subsection.</p></content></subsection></section><section eId="d28e35136"><num>790LG</num><heading>Notification of someone not becoming person with significant control on incorporation</heading><subsection eId="d28e35140"><num>(1)</num><content><p>A company must give a notice to the registrar if it knows that a person named in the statement under section 12A(1)(a) as a person who would, on the company’s incorporation, become a registrable person or a registrable relevant legal entity did not so become.</p></content></subsection><subsection><num>(2)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company has the knowledge mentioned there.</p></content></subsection></section><section eId="d28e35155"><num>790LH</num><heading>Duty to notify registrar if company ceases to have persons with significant control</heading><subsection><num>(1)</num><intro><p>A company must give a notice to the registrar if it knows or has cause to believe that—</p></intro><level class="para1"><num>(a)</num><content><p>there has at some time been a person who is a registrable person or registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>there has ceased to be anyone who is a registrable person or registrable relevant legal entity in relation to the company.</p></content></level></subsection><subsection><num>(2)</num><intro><p>A notice under subsection (1) must —</p></intro><level class="para1"><num>(a)</num><content><p>state that the company has that knowledge or cause to believe, and</p></content></level><level class="para1"><num>(b)</num><content><p>specify the date on which the company first had that knowledge or cause to believe.</p></content></level></subsection><subsection><num>(3)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company first had the knowledge or cause to believe mentioned in that subsection.</p></content></subsection></section><section><num>790LI</num><heading>Power to create further duties to notify information</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations impose further duties on a company to deliver information to the registrar about—</p></intro><level class="para1"><num>(a)</num><content><p>registrable persons, or registrable relevant legal entities, in relation to the company (including information about whether it has any);</p></content></level><level class="para1"><num>(b)</num><content><p>compliance with Chapter 2 by the company or any person to whom the company has given a notice under that Chapter (including provision requiring a company to provide the registrar with a copy of any such notice, whether on request or otherwise).</p></content></level></subsection><subsection><num>(2)</num><content><p>The provision that may be made by regulations under subsection (1) includes provision amending this Part.</p></content></subsection><subsection><num>(3)</num><content><p>The consequential provision that may be made by regulations under subsection (1) by virtue of section 1292(1) also includes provision amending any other provision of this Act.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section><num>790LJ</num><heading>Persons with significant control: offence of failure to notify</heading><subsection><num>(1)</num><intro><p>If a company fails, without reasonable excuse, to comply with section 790LA, 790LC, 790LD, 790LE, 790LF, 790LG or 790LH, or regulations under section 790LI, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(2)</num><content><p>For this purpose a shadow director is treated as an officer of the company.</p></content></subsection><subsection><num>(3)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection></section><section><num>790LK</num><heading>Power of court to order company to remedy defaults or delay</heading><subsection eId="d28e35288"><num>(1)</num><content><p>Where a company makes default in complying with section 790LA, 790LC, 790LD, 790LE, 790LF, 790LG or 790LH, or regulations under section 790LI, an application may be made to the court for an order requiring the company to deliver to the registrar the information (or statements) necessary to rectify the position.</p></content></subsection><subsection><num>(2)</num><intro><p>The application may be made by—</p></intro><level class="para1"><num>(a)</num><content><p>any person aggrieved by the default,</p></content></level><level class="para1"><num>(b)</num><content><p>any member of the company, or</p></content></level><level class="para1"><num>(c)</num><content><p>any person who is a registrable person or a registrable relevant legal entity in relation to the company.</p></content></level></subsection><subsection><num>(3)</num><content><p>On an application under subsection (1) the court may either refuse the application or may make the order and order the company to pay any damages sustained by any party aggrieved.</p></content></subsection><subsection><num>(4)</num><intro><p>On an application under subsection (1) the court may decide—</p></intro><level class="para1"><num>(a)</num><content><p>any question as to whether the name of any person who is a party to the application should or should not be included in or omitted from information delivered to the registrar under this Chapter about persons who are a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>any question necessary or expedient to be decided for rectifying the position.</p></content></level></subsection><subsection><num>(5)</num><content><p>Nothing in this section affects a person’s rights under section 1094 or 1096 (rectification of register).</p></content></subsection></section><section eId="d28e35351"><num>790LL</num><heading>Information as to whether information has been delivered</heading><subsection eId="d28e35355"><num>(1)</num><content><p>A person may request a company to tell the person whether all of the information that it is required to deliver to the registrar under this Chapter has been delivered.</p></content></subsection><subsection><num>(2)</num><content><p>The company must comply with the request within the period of 14 days beginning with the day on which the request is made.</p></content></subsection><subsection eId="d28e35367"><num>(3)</num><intro><p>If the company fails, without reasonable excuse, to do so, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection eId="d28e35385"><num>(4)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale.</p></content></subsection><subsection><num>(5)</num><content><p>Subsection (1) does not apply in relation to information if the company is aware that, by virtue of regulations under section 1088, the registrar is required to refrain from making that information available for public inspection.</p></content></subsection></section></hcontainer></chapter></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-19" class="schProv1"><num>19</num><content><p>Omit Chapters 3 and 4 of Part 21A (company registers of people with significant control etc).</p></content></paragraph><paragraph eId="schedule-2-paragraph-20" class="schProv1"><num>20</num><subparagraph eId="schedule-2-paragraph-20-1"><num>(1)</num><content><p>Schedule 1B (enforcement of disclosure requirements in relation to persons with significant control) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-2-paragraph-20-2"><num>(2)</num><intro><p><mod>In each of the following provisions, for “or 790E” substitute <quotedText>“, 790DA, 790E or 790EA”</quotedText>—</mod></p></intro><level class="para1" eId="schedule-2-paragraph-20-2-a"><num>(a)</num><content><p>paragraph 1(1)(a) and (3)(a);</p></content></level><level class="para1" eId="schedule-2-paragraph-20-2-b"><num>(b)</num><content><p>paragraph 8(3)(a);</p></content></level><level class="para1" eId="schedule-2-paragraph-20-2-c"><num>(c)</num><content><p>paragraph 11(a) and (b);</p></content></level><level class="para1" eId="schedule-2-paragraph-20-2-d"><num>(d)</num><content><p>paragraph 12(2)(b).</p></content></level></subparagraph><subparagraph eId="schedule-2-paragraph-20-3"><num>(3)</num><content><p><mod>For paragraphs 13 and 14 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="crossheading" class="schGroup7"><heading>Offence of failing to comply with notices</heading><paragraph class="schProv1"><num>13</num><subparagraph><num>(1)</num><content><p>A person to whom a notice under section 790D, 790DA, 790E or 790EA is addressed commits an offence if the person fails, without reasonable excuse, to comply with the notice.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Where the person is a legal entity, the offence is also committed by every officer of the entity who is in default.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>A person guilty of an offence under this paragraph is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both).</p></content></level></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Offence of failing to provide information</heading><paragraph class="schProv1"><num>14</num><subparagraph><num>(1)</num><content><p>A person commits an offence if the person fails, without reasonable excuse, to comply with a duty under section 790G, 790H or 790HA.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Where the person is a legal entity, the offence is also committed by every officer of the entity who is in default.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>A person guilty of an offence under this paragraph is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both).</p></content></level></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>False statements: basic offence</heading><paragraph class="schProv1"><num>14A</num><subparagraph><num>(1)</num><content><p>A person commits an offence if, in purported compliance with a notice under section 790D, 790DA, 790E or 790EA or in purported compliance with a duty imposed by section 790G, 790H or 790HA, and without reasonable excuse, the person makes a statement that is misleading, false or deceptive in a material particular.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Where the person is a legal entity, the offence is also committed by every officer of the entity who is in default.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>A person guilty of an offence under this paragraph is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, to a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>False statements: aggravated offence</heading><paragraph class="schProv1"><num>14B</num><subparagraph><num>(1)</num><content><p>A person commits an offence if, in purported compliance with a notice under section 790D, 790DA, 790E or 790EA or in purported compliance with a duty imposed by section 790G, 790H or 790HA, the person makes a statement that the person knows is misleading, false or deceptive in a material particular.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Where the person is a legal entity, the offence is also committed by every officer of the entity who is in default.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>A person guilty of an offence under this paragraph is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or to a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding twelve months or to a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding six months or to a fine not exceeding the statutory maximum (or both).</p></content></level></level></subparagraph></paragraph></hcontainer></quotedStructure></mod></p></content></subparagraph></paragraph></part>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-7" class="schProv1"><num>7</num><content><p>The Companies Act 2006 is amended as follows.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-8" class="schProv1"><num>8</num><intro><p>In section 790A (overview of Part)—</p></intro><level class="para1" eId="schedule-2-paragraph-8-a"><num>(a)</num><content><p><mod>in paragraph (b), for “keep the register required by Chapter 3” substitute <quotedText>“notify the registrar of the information in accordance with Chapter 2A”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-2-paragraph-8-b"><num>(b)</num><content><p><mod>for paragraphs (c) and (d) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>Chapter 2A requires companies to notify the registrar of information relating to persons with significant control;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-8-a"><num>(a)</num><content><p><mod>in paragraph (b), for “keep the register required by Chapter 3” substitute <quotedText>“notify the registrar of the information in accordance with Chapter 2A”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-2-paragraph-8-b"><num>(b)</num><content><p><mod>for paragraphs (c) and (d) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>Chapter 2A requires companies to notify the registrar of information relating to persons with significant control;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-9" class="schProv1"><num>9</num><content><p>In section 790C (key terms), omit subsection (10).</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-10" class="schProv1"><num>10</num><content><p><mod>After section 790C insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>790CA</num><heading>References to “confirmation” etc of information</heading><intro><p>For the purposes of this Part a company has had confirmation of—</p></intro><level class="para1"><num>(a)</num><content><p>a person’s status as a registrable person or a registrable relevant legal entity in relation to the company,</p></content></level><level class="para1"><num>(b)</num><content><p>the required particulars of a person (see section 790K), or</p></content></level><level class="para1"><num>(c)</num><content><p>any other information about a person,</p></content></level><wrapUp><p>if the person has supplied that information to the company whether or not in pursuance of any duty imposed by this Part (and references to a company obtaining confirmation of information are to be read accordingly).</p></wrapUp></section></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-part-3-paragraph-11n1" class="schProv1"><num>11</num><content><p><mod>For sections 790D and 790E substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>790CB</num><heading>Duty to find out about persons with significant control</heading><content><p>A company to which this Part applies must take reasonable steps to find out if there is anyone who is a registrable person or a registrable relevant legal entity in relation to the company and, if so, to identify them.</p></content></section><section><num>790D</num><heading>Company’s duty to give notices to persons with significant control</heading><subsection><num>(1)</num><intro><p>A company to which this Part applies must give a notice to a person under this section if—</p></intro><level class="para1" eId="d28e33823"><num>(a)</num><content><p>the company knows or has cause to believe that the person is a registrable person or a registrable relevant legal entity in relation to the company, but</p></content></level><level class="para1" eId="d28e33829"><num>(b)</num><content><p>the company has not had confirmation of the person’s status as a registrable person or registrable relevant legal entity or has not had confirmation of all of the required particulars of the person (see section 790K).</p></content></level></subsection><subsection eId="d28e33835"><num>(2)</num><intro><p>The notice must require the person—</p></intro><level class="para1"><num>(a)</num><content><p>to inform the company whether the person is a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>if they are, to give the company all of the required particulars of the person (see section 790K).</p></content></level></subsection><subsection><num>(3)</num><content><p>The notice must require the person to whom it is given to comply with the notice by no later than the end of the period of one month beginning with the day on which it is given.</p></content></subsection><subsection><num>(4)</num><intro><p>The company must give the notice—</p></intro><level class="para1"><num>(a)</num><content><p>as soon as reasonably practicable after the company becomes subject to the duty to give a notice under this section, and</p></content></level><level class="para1"><num>(b)</num><content><p>in any event before the end of the period of 14 days beginning with the day on which the company becomes so subject.</p></content></level></subsection><subsection><num>(5)</num><intro><p>A company is not required to give a notice under this section to a person if—</p></intro><level class="para1"><num>(a)</num><content><p>the application for the registration of the company contained a statement of initial significant control naming the person as someone who would, on the company’s incorporation, become a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>the company has no cause to believe that at any time since its incorporation the person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company.</p></content></level></subsection><subsection eId="d28e33895"><num>(6)</num><content><p>The Secretary of State may by regulations make further provision about the giving of notices under this section, including provision about their form and content and the manner in which they must be given.</p></content></subsection><subsection eId="d28e33901"><num>(7)</num><content><p>Regulations under subsection (6) are subject to negative resolution procedure.</p></content></subsection></section><section><num>790DA</num><heading>Obtaining information from third parties</heading><subsection eId="d28e33914"><num>(1)</num><intro><p>A company to which this Part applies may give a notice to a person under this section if it knows or has cause to believe that the person—</p></intro><level class="para1"><num>(a)</num><content><p>knows the identity of someone who falls within subsection (2), or</p></content></level><level class="para1"><num>(b)</num><content><p>knows the identity of someone likely to have that knowledge.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The persons who fall within this subsection are—</p></intro><level class="para1"><num>(a)</num><content><p>a registrable person in relation to the company;</p></content></level><level class="para1"><num>(b)</num><content><p>a relevant legal entity in relation to the company;</p></content></level><level class="para1"><num>(c)</num><content><p>an entity which would be a relevant legal entity in relation to the company but for the fact that section 790C(6)(b) does not apply in respect of it.</p></content></level></subsection><subsection eId="d28e33956"><num>(3)</num><intro><p>A company must give a notice under subsection (1) to a person (“a third party”) if the company—</p></intro><level class="para1"><num>(a)</num><content><p>knows or has cause to believe that a person is a registrable person or a registrable relevant legal entity in relation to the company (“a suspected PSC”),</p></content></level><level class="para1"><num>(b)</num><content><p>is under a duty to give the suspected PSC a notice under section 790D but does not have the information that it needs in order to contact them, and</p></content></level><level class="para1"><num>(c)</num><intro><p>knows or has cause to believe that the third party—</p></intro><level class="para2"><num>(i)</num><content><p>knows the identity of the suspected PSC, or</p></content></level><level class="para2"><num>(ii)</num><content><p>knows the identity of someone likely to have that knowledge.</p></content></level></level></subsection><subsection><num>(4)</num><intro><p>A notice under subsection (1) must require the person to whom it is given (“<term refersTo="#term-the-recipient">the recipient</term>”)—</p></intro><level class="para1"><num>(a)</num><intro><p>to inform the company whether the recipient knows the identity of any person who—</p></intro><level class="para2"><num>(i)</num><content><p>falls within subsection (2), or</p></content></level><level class="para2"><num>(ii)</num><content><p>is likely to know the identity of anyone who falls within subsection (2), and</p></content></level></level><level class="para1"><num>(b)</num><content><p>if the recipient does, to give the company any information within the recipient’s knowledge that would allow the company to contact each such person.</p></content></level></subsection><subsection><num>(5)</num><content><p>The notice must require the person to whom it is given to comply with the notice by no later than the end of the period of one month beginning with the day on which it is given.</p></content></subsection><subsection><num>(6)</num><content><p>A person to whom a notice under subsection (1) is given is not required by that notice to disclose any information in respect of which a claim to legal professional privilege (in Scotland, to confidentiality of communications) could be maintained in legal proceedings.</p></content></subsection><subsection eId="d28e34037"><num>(7)</num><content><p>The Secretary of State may by regulations make further provision about the giving of notices under this section, including provision about their form and content and the manner in which they must be given.</p></content></subsection><subsection><num>(8)</num><content><p>Regulations under subsection (7) are subject to negative resolution procedure.</p></content></subsection><subsection><num>(9)</num><content><p>In this section a reference to knowing the identity of a person includes knowing information from which that person can be identified.</p></content></subsection></section><section><num>790E</num><heading>Company’s duty to find out about changes in PSC information</heading><subsection><num>(1)</num><intro><p>This section applies if a company—</p></intro><level class="para1" eId="d28e34068"><num>(a)</num><content><p>knows or has cause to believe that there has been a change in the required particulars of a registrable person or a registrable relevant legal entity in relation to the company (see section 790K), but</p></content></level><level class="para1" eId="d28e34074"><num>(b)</num><content><p>has not had confirmation that the change has occurred or has not had confirmation of all of the information that the company would need to include in a notice of the change under section 790LD(1) or 790LE(1).</p></content></level></subsection><subsection><num>(2)</num><intro><p>The company must give the person a notice requiring the person—</p></intro><level class="para1"><num>(a)</num><content><p>to inform the company whether the change has occurred, and</p></content></level><level class="para1"><num>(b)</num><content><p>if it has, to give the company the information that the company would need to include in a notice of the change under section 790LD(1) or 790LE(1).</p></content></level></subsection><subsection><num>(3)</num><content><p>The notice must require the person to whom it is given to comply with the notice by no later than the end of the period of one month beginning with the day on which it is given.</p></content></subsection><subsection><num>(4)</num><intro><p>The company must give the notice—</p></intro><level class="para1"><num>(a)</num><content><p>as soon as reasonably practicable after the company becomes subject to the duty to give a notice under subsection (2), and</p></content></level><level class="para1"><num>(b)</num><content><p>in any event before the end of the period of 14 days beginning with the day on which the company becomes so subject.</p></content></level></subsection><subsection eId="d28e34122"><num>(5)</num><content><p>The Secretary of State may by regulations make further provision about the giving of notices under this section, including provision about their form and content and the manner in which they must be given.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under subsection (5) are subject to negative resolution procedure.</p></content></subsection></section><section><num>790EA</num><heading>Company’s duty to find out about persons ceasing to be PSCs</heading><subsection eId="d28e34141"><num>(1)</num><intro><p>This section applies if a company —</p></intro><level class="para1"><num>(a)</num><content><p>knows or has cause to believe that a person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company, but</p></content></level><level class="para1"><num>(b)</num><content><p>has not had confirmation that the person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company or has not had confirmation of the date on which the person so ceased.</p></content></level></subsection><subsection eId="d28e34159"><num>(2)</num><intro><p>The company must give the person a notice requiring the person—</p></intro><level class="para1"><num>(a)</num><content><p>to inform the company whether the person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the person has, to inform the company of the date on which the person so ceased.</p></content></level></subsection><subsection><num>(3)</num><content><p>The notice must require the person to whom it is given to comply with the notice by no later than the end of the period of one month beginning with the day on which it is given.</p></content></subsection><subsection><num>(4)</num><intro><p>The company must give the notice—</p></intro><level class="para1"><num>(a)</num><content><p>as soon as reasonably practicable after the company becomes subject to the duty under subsection (2), and</p></content></level><level class="para1"><num>(b)</num><content><p>in any event before the end of the period of 14 days beginning with the day on which the company becomes so subject.</p></content></level></subsection><subsection eId="d28e34201"><num>(5)</num><content><p>The Secretary of State may by regulations make further provision about the giving of notices under this section, including provision about their form and content and the manner in which they must be given.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under subsection (5) are subject to negative resolution procedure.</p></content></subsection></section><section><num>790EB</num><heading>Company’s duty to notify failure to comply with notices</heading><subsection eId="d28e34220"><num>(1)</num><content><p>A company must notify the registrar if a person fails to comply with a notice given by the company under section 790D, 790DA, 790E or 790EA within the period specified in it.</p></content></subsection><subsection><num>(2)</num><content><p>The notice must be given within the period of 14 days beginning with the end of the period specified in the notice under section 790D, 790DA, 790E or 790EA.</p></content></subsection></section><section><num>790EC</num><heading>Company’s duty to notify of late compliance with notices</heading><subsection eId="d28e34239"><num>(1)</num><content><p>A company must notify the registrar if a person who has failed to comply with a notice given by the company under section 790D, 790DA, 790E or 790EA within the period specified in it subsequently complies.</p></content></subsection><subsection><num>(2)</num><content><p>The notice must be given within the period of 14 days beginning with the day on which the person complied with the notice under section 790D, 790DA, 790E or 790EA.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-part-3-paragraph-11n2" class="schProv1"><num>11</num><content><p><mod>In section 790F (failure by company to comply with information duties), for subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>If a company fails, without reasonable excuse, to comply with a duty under section 790CB, 790D, 790DA(3), 790E, 790EA, 790EB or 790EC to take steps or give a notice, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-12" class="schProv1"><num>12</num><content><p><mod>For sections 790G and 790H substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>790G</num><heading>Duty to notify company on becoming PSC</heading><subsection><num>(1)</num><intro><p>This section applies to a person if—</p></intro><level class="para1" eId="d28e34299"><num>(a)</num><content><p>the person knows that they are a registrable person or a registrable relevant legal entity in relation to a company,</p></content></level><level class="para1"><num>(b)</num><content><p>the material in the register that is available for public inspection does not indicate the person’s status as a registrable person or registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(c)</num><intro><p>the person—</p></intro><level class="para2"><num>(i)</num><content><p>has not informed the company of the person’s status as a registrable person or registrable relevant legal entity in relation to the company, or</p></content></level><level class="para2"><num>(ii)</num><content><p>has not given the company all of the required particulars of the person (see section 790K).</p></content></level></level></subsection><subsection eId="d28e34329"><num>(2)</num><intro><p>The person must—</p></intro><level class="para1"><num>(a)</num><content><p>inform the company of the person’s status as a registrable person or registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>give the company the required particulars (see section 790K).</p></content></level></subsection><subsection><num>(3)</num><content><p>The person must comply with the duty in subsection (2) before the end of the period of one month beginning with the day on which the conditions in subsection (1) are met.</p></content></subsection></section><section><num>790H</num><heading>Duty to notify company of changes in PSC information</heading><subsection><num>(1)</num><intro><p>This section applies to a person if—</p></intro><level class="para1" eId="d28e34366"><num>(a)</num><content><p>the person knows that they are a registrable person or a registrable relevant legal entity in relation to a company,</p></content></level><level class="para1"><num>(b)</num><content><p>there has been a change in the required particulars of the person (see section 790K) and the person knows that to be the case, and</p></content></level><level class="para1" eId="d28e34378"><num>(c)</num><content><p>the person has not informed the company of the change or has not given the company all of the information that the company would need to include in a notice of the change under section 790LD(1) or 790LE(1).</p></content></level></subsection><subsection><num>(2)</num><intro><p>The person must—</p></intro><level class="para1"><num>(a)</num><content><p>inform the company of the change, and</p></content></level><level class="para1"><num>(b)</num><content><p>give the company the information that the company would need to include in a notice of the change under section 790LD(1) or 790LE(1).</p></content></level></subsection><subsection><num>(3)</num><content><p>The person must comply with the duty in subsection (2) before the end of the period of one month beginning with the day on which the conditions in subsection (1) are met.</p></content></subsection></section><section><num>790HA</num><heading>Duty to notify company of ceasing to be a PSC</heading><subsection eId="d28e34415"><num>(1)</num><intro><p>This section applies to a person if—</p></intro><level class="para1"><num>(a)</num><content><p>the person knows that they have ceased to be a registrable person or a registrable relevant legal entity in relation to a company,</p></content></level><level class="para1"><num>(b)</num><content><p>the material in the register that is available for public inspection does not indicate the person as having ceased to be a registrable person or a registrable relevant legal entity in relation to a company, and</p></content></level><level class="para1"><num>(c)</num><content><p>the person has not informed the company of having ceased to be a registrable person or a registrable relevant legal entity in relation to the company or has not informed the company of the date on which the person so ceased.</p></content></level></subsection><subsection eId="d28e34439"><num>(2)</num><intro><p>The person must inform the company—</p></intro><level class="para1"><num>(a)</num><content><p>that the person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>of the date on which the person so ceased.</p></content></level></subsection><subsection><num>(3)</num><content><p>The person must comply with the duty in subsection (2) before the end of the period of one month beginning with the day on which the conditions in subsection (1) are met.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-13" class="schProv1"><num>13</num><content><p><mod>In section 790I (enforcement of disclosure requirements), for the words from “a notice” to the end substitute <quotedText startQuote="“">—</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(a)</num><content><p>a notice under section 790D, 790DA, 790E or 790EA, or</p></content></level><level class="para1"><num>(b)</num><content><p>a duty under section 790G, 790H or 790HA.</p></content></level></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-14" class="schProv1"><num>14</num><content><p><mod>After section 790I insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Power to impose further duties</heading><section><num>790IA</num><heading>Power to impose further duties involving nominee shareholders</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations make further provision for the purpose of enabling a company to which this Part applies to find out about anyone who has become or ceased to be a person who is—</p></intro><level class="para1"><num>(a)</num><content><p>a registrable person in relation to the company by virtue of shares being held by a nominee, or</p></content></level><level class="para1"><num>(b)</num><content><p>a registrable relevant legal entity in relation to the company by virtue of shares being held by a nominee.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The regulations may, in particular—</p></intro><level class="para1"><num>(a)</num><intro><p>impose obligations on a company with a view to obtaining—</p></intro><level class="para2"><num>(i)</num><content><p>information about whether a person has become or ceased to be a nominee shareholder;</p></content></level><level class="para2"><num>(ii)</num><content><p>if they have, information about: (A) the shareholding; (B) the nominee; (C) the person for whom the nominee holds or held the shares;</p></content></level><level class="para2"><num>(iii)</num><content><p>any other information required by the regulations;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>impose obligations on others (including nominees or former nominees) with a view to providing the company with—</p></intro><level class="para2"><num>(i)</num><content><p>information of a kind described in paragraph (a)(i) or (ii);</p></content></level><level class="para2"><num>(ii)</num><content><p>any other information required by the regulations.</p></content></level></level></subsection><subsection><num>(3)</num><content><p>The regulations may, in particular, make provision similar or corresponding to any of the preceding provisions of this Chapter.</p></content></subsection><subsection><num>(4)</num><content><p>The provision that may be made by regulations under subsection (1) includes provision amending this Chapter.</p></content></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-15" class="schProv1"><num>15</num><intro><p>In section 790J (power to make exemptions)—</p></intro><level class="para1" eId="schedule-2-paragraph-15-a"><num>(a)</num><content><p><mod>in subsection (2)(a), for “790D(2) or 790E” substitute <quotedText>“790D, 790E or 790EA”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-2-paragraph-15-b"><num>(b)</num><content><p><mod>in subsection (2)(c), for “790D(5)” substitute <quotedText>“790DA”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-2-paragraph-15-c"><num>(c)</num><content><p><mod>in subsection (2)(d), for “and 790H” substitute <quotedText>“, 790H and 790HA”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-2-paragraph-15-d"><num>(d)</num><content><p><mod>in subsection (2)(e) for “section 790M” substitute <quotedText>“any of sections 12A, 790LA, 790LC, 790LD, 790LE, 790LF, 790LG, 790LH”</quotedText>.”</mod></p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-15-a"><num>(a)</num><content><p><mod>in subsection (2)(a), for “790D(2) or 790E” substitute <quotedText>“790D, 790E or 790EA”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-15-b"><num>(b)</num><content><p><mod>in subsection (2)(c), for “790D(5)” substitute <quotedText>“790DA”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-15-c"><num>(c)</num><content><p><mod>in subsection (2)(d), for “and 790H” substitute <quotedText>“, 790H and 790HA”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-15-d"><num>(d)</num><content><p><mod>in subsection (2)(e) for “section 790M” substitute <quotedText>“any of sections 12A, 790LA, 790LC, 790LD, 790LE, 790LF, 790LG, 790LH”</quotedText>.”</mod></p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-16" class="schProv1"><num>16</num><subparagraph eId="schedule-2-paragraph-16-1"><num>(1)</num><content><p>Section 790K (required particulars) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-2-paragraph-16-2"><num>(2)</num><content><p>In subsection (1), omit paragraph (i) and the “and” before it.</p></content></subparagraph><subparagraph eId="schedule-2-paragraph-16-3"><num>(3)</num><content><p><mod>In subsection (2), after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>a service address,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph><subparagraph eId="schedule-2-paragraph-16-4"><num>(4)</num><intro><p>In subsection (3)—</p></intro><level class="para1" eId="schedule-2-paragraph-16-4-a"><num>(a)</num><content><p>in paragraph (b), omit “registered or”;</p></content></level><level class="para1" eId="schedule-2-paragraph-16-4-b"><num>(b)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>a service address,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-2-paragraph-16-5"><num>(5)</num><content><p><mod>For subsection (4) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><content><p>In this section “<term refersTo="#term-name">name</term>”, in relation to an individual, means the individual’s forename and surname.</p></content></subsection><subsection eId="d28e34710"><num>(4A)</num><content><p>Where an individual is a peer or an individual usually known by a title, any requirement imposed by this Act to provide the individual’s name because it forms part of the required particulars under this section may be satisfied by providing that title instead of the individual’s forename and surname.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-17" class="schProv1"><num>17</num><content><p><mod>In section 790L (required particulars: power to amend), for subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><intro><p>amend section 790K so as to change the “<term refersTo="#term-required-particulars">required particulars</term>” in relation to—</p></intro><level class="para2"><num>(i)</num><content><p>an individual who is a registrable person;</p></content></level><level class="para2"><num>(ii)</num><content><p>a person in relation to which this Part has effect by virtue of section 790C(12) as if the person were an individual;</p></content></level><level class="para2"><num>(iii)</num><content><p>a registrable relevant legal entity;</p></content></level></level><level class="para1"><num>(b)</num><content><p>repeal section 790K(4A).</p></content></level></subsection></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-18" class="schProv1"><num>18</num><content><p><mod>After section 790L insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><chapter><num>CHAPTER 2A</num><heading>Duty to notify registrar of persons with significant control and ID verification</heading><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Duty to notify registrar of persons with significant control</heading><section><num>790LA</num><heading>Duty to notify registrar of confirmed persons with significant control</heading><subsection><num>(1)</num><intro><p>A company must give a notice to the registrar if it has had confirmation of—</p></intro><level class="para1"><num>(a)</num><content><p>a person’s status as a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>the required particulars of the person (see section 790K).</p></content></level></subsection><subsection><num>(2)</num><content><p>A notice under subsection (1) must contain a statement of the required particulars.</p></content></subsection><subsection><num>(3)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company had confirmation as mentioned in that subsection.</p></content></subsection><subsection><num>(4)</num><intro><p>A company is not required to give a notice under this section in relation to a person if—</p></intro><level class="para1"><num>(a)</num><content><p>the application for the registration of the company contained a statement of initial significant control naming the person as someone who would, on the company’s incorporation, become a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>the company has no cause to believe that at any time since its incorporation the person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company.</p></content></level></subsection><subsection><num>(5)</num><content><p>Nothing in section 126 (notice of trusts not receivable by registrar) affects the duty to give a notice under this section (or the receipt of that notice by the registrar).</p></content></subsection></section><section eId="d28e34846"><num>790LB</num><heading>Option to provide ID verification information in notice of change</heading><subsection eId="d28e34850"><num>(1)</num><content><p>A notice under section 790LA(1) that relates to a registrable person may include a statement that the person’s identity is verified (see section 1110A).</p></content></subsection><subsection eId="d28e34856"><num>(2)</num><intro><p>A notice under section 790LA(1) that relates to a registrable relevant legal entity may include a statement that—</p></intro><level class="para1"><num>(a)</num><content><p>specifies the name of one of its relevant officers (within the meaning given by section 790LO(6)) who is an individual and whose identity is verified, and</p></content></level><level class="para1"><num>(b)</num><content><p>confirms that the individual’s identity is verified.</p></content></level></subsection><subsection eId="d28e34874"><num>(3)</num><content><p>If the notice includes a statement under subsection (2), it must be accompanied by a statement by the individual confirming that the individual is a relevant officer of the registrable relevant legal entity.</p></content></subsection><subsection><num>(4)</num><content><p>To find out what happens if the option in subsection (1) or (2) is not exercised, see sections 790LM and 790LO.</p></content></subsection><subsection><num>(5)</num><content><p>In subsection (1) “<term refersTo="#term-registrable-person">registrable person</term>” does not include a person mentioned in section 790C(12)(a) to (d).</p></content></subsection></section><section><num>790LC</num><heading>Duty to notify registrar of unconfirmed persons with significant control</heading><subsection eId="d28e34902"><num>(1)</num><intro><p>A company must give a notice to the registrar if—</p></intro><level class="para1"><num>(a)</num><content><p>it knows or has cause to believe that a person has become a registrable person or a registrable relevant legal entity in relation to the company, but</p></content></level><level class="para1"><num>(b)</num><content><p>it has not yet had confirmation as mentioned in section 790LA(1).</p></content></level></subsection><subsection><num>(2)</num><content><p>The notice must state that fact.</p></content></subsection><subsection><num>(3)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company first knows or has cause to believe that the person has become a registrable person or a registrable relevant legal entity in relation to the company.</p></content></subsection><subsection><num>(4)</num><content><p>Nothing in this section requires a company, on its incorporation, to give a notice in relation to a person included in the statement of initial significant control under section 12A.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Duty to notify registrar of changes in required particulars</heading><section><num>790LD</num><heading>Duties to notify of changes in required particulars</heading><subsection><num>(1)</num><intro><p>A company must give a notice to the registrar if it—</p></intro><level class="para1"><num>(a)</num><content><p>has had confirmation that there has been a change in the required particulars of a registrable person, or a registrable relevant legal entity, in relation to the company (see section 790K), and</p></content></level><level class="para1"><num>(b)</num><content><p>has had confirmation of how the required particulars have changed and the date on which they changed.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The notice must state—</p></intro><level class="para1"><num>(a)</num><content><p>the change in the required particulars, and</p></content></level><level class="para1"><num>(b)</num><content><p>the date on which the change occurred.</p></content></level></subsection><subsection><num>(3)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company had confirmation as mentioned in that subsection.</p></content></subsection><subsection><num>(4)</num><content><p>Nothing in section 126 (notice of trusts not receivable by registrar) affects the duty to give a notice under this section (or the receipt of that notice by the registrar).</p></content></subsection></section><section><num>790LE</num><heading>Duty to notify of pre-incorporation changes in required particulars</heading><subsection eId="d28e35003"><num>(1)</num><intro><p>A company must give a notice to the registrar if it—</p></intro><level class="para1"><num>(a)</num><content><p>has had confirmation that there was a pre-incorporation change in the required particulars of a proposed PSC (see section 790K), and</p></content></level><level class="para1"><num>(b)</num><content><p>has had confirmation of how the required particulars have changed and the date on which they changed.</p></content></level></subsection><subsection><num>(2)</num><content><p>But a company is not required to give a notice under subsection (1) in respect of a person if it has given a notice under section 790LG in respect of the person.</p></content></subsection><subsection><num>(3)</num><intro><p>A notice under subsection (1) must state—</p></intro><level class="para1"><num>(a)</num><content><p>the change in the required particulars, and</p></content></level><level class="para1"><num>(b)</num><content><p>the date on which the change occurred.</p></content></level></subsection><subsection><num>(4)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company had confirmation as mentioned in that subsection.</p></content></subsection><subsection><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-pre-incorporation-change">pre-incorporation change</term>” means a change that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for the registration of the company was delivered to the registrar, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the company was incorporated;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-proposed-psc">proposed PSC</term>”, in relation to a company, means a person who was named in a statement under section 12A(1)(a) as a person who would, on the company’s incorporation, become a registrable person or registrable relevant legal entity in relation to the company.</p></content></hcontainer></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Duty to notify registrar of person ceasing to be person with significant control etc</heading><section eId="d28e35087"><num>790LF</num><heading>Duty to notify registrar when person ceases to have significant control</heading><subsection><num>(1)</num><intro><p>A company must give a notice to the registrar if it—</p></intro><level class="para1"><num>(a)</num><content><p>has had confirmation that a person has ceased to be a registrable person or a registrable relevant legal entity in relation to it, and</p></content></level><level class="para1"><num>(b)</num><content><p>has had confirmation of the date on which the person so ceased.</p></content></level></subsection><subsection><num>(2)</num><intro><p>A notice under subsection (1) must state—</p></intro><level class="para1"><num>(a)</num><content><p>the person’s name and service address, and</p></content></level><level class="para1"><num>(b)</num><content><p>the date on which the person ceased to be a registrable person or a registrable relevant legal entity in relation to the company.</p></content></level></subsection><subsection><num>(3)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company had confirmation as mentioned in that subsection.</p></content></subsection></section><section eId="d28e35136"><num>790LG</num><heading>Notification of someone not becoming person with significant control on incorporation</heading><subsection eId="d28e35140"><num>(1)</num><content><p>A company must give a notice to the registrar if it knows that a person named in the statement under section 12A(1)(a) as a person who would, on the company’s incorporation, become a registrable person or a registrable relevant legal entity did not so become.</p></content></subsection><subsection><num>(2)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company has the knowledge mentioned there.</p></content></subsection></section><section eId="d28e35155"><num>790LH</num><heading>Duty to notify registrar if company ceases to have persons with significant control</heading><subsection><num>(1)</num><intro><p>A company must give a notice to the registrar if it knows or has cause to believe that—</p></intro><level class="para1"><num>(a)</num><content><p>there has at some time been a person who is a registrable person or registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>there has ceased to be anyone who is a registrable person or registrable relevant legal entity in relation to the company.</p></content></level></subsection><subsection><num>(2)</num><intro><p>A notice under subsection (1) must —</p></intro><level class="para1"><num>(a)</num><content><p>state that the company has that knowledge or cause to believe, and</p></content></level><level class="para1"><num>(b)</num><content><p>specify the date on which the company first had that knowledge or cause to believe.</p></content></level></subsection><subsection><num>(3)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company first had the knowledge or cause to believe mentioned in that subsection.</p></content></subsection></section><section><num>790LI</num><heading>Power to create further duties to notify information</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations impose further duties on a company to deliver information to the registrar about—</p></intro><level class="para1"><num>(a)</num><content><p>registrable persons, or registrable relevant legal entities, in relation to the company (including information about whether it has any);</p></content></level><level class="para1"><num>(b)</num><content><p>compliance with Chapter 2 by the company or any person to whom the company has given a notice under that Chapter (including provision requiring a company to provide the registrar with a copy of any such notice, whether on request or otherwise).</p></content></level></subsection><subsection><num>(2)</num><content><p>The provision that may be made by regulations under subsection (1) includes provision amending this Part.</p></content></subsection><subsection><num>(3)</num><content><p>The consequential provision that may be made by regulations under subsection (1) by virtue of section 1292(1) also includes provision amending any other provision of this Act.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section><num>790LJ</num><heading>Persons with significant control: offence of failure to notify</heading><subsection><num>(1)</num><intro><p>If a company fails, without reasonable excuse, to comply with section 790LA, 790LC, 790LD, 790LE, 790LF, 790LG or 790LH, or regulations under section 790LI, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(2)</num><content><p>For this purpose a shadow director is treated as an officer of the company.</p></content></subsection><subsection><num>(3)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection></section><section><num>790LK</num><heading>Power of court to order company to remedy defaults or delay</heading><subsection eId="d28e35288"><num>(1)</num><content><p>Where a company makes default in complying with section 790LA, 790LC, 790LD, 790LE, 790LF, 790LG or 790LH, or regulations under section 790LI, an application may be made to the court for an order requiring the company to deliver to the registrar the information (or statements) necessary to rectify the position.</p></content></subsection><subsection><num>(2)</num><intro><p>The application may be made by—</p></intro><level class="para1"><num>(a)</num><content><p>any person aggrieved by the default,</p></content></level><level class="para1"><num>(b)</num><content><p>any member of the company, or</p></content></level><level class="para1"><num>(c)</num><content><p>any person who is a registrable person or a registrable relevant legal entity in relation to the company.</p></content></level></subsection><subsection><num>(3)</num><content><p>On an application under subsection (1) the court may either refuse the application or may make the order and order the company to pay any damages sustained by any party aggrieved.</p></content></subsection><subsection><num>(4)</num><intro><p>On an application under subsection (1) the court may decide—</p></intro><level class="para1"><num>(a)</num><content><p>any question as to whether the name of any person who is a party to the application should or should not be included in or omitted from information delivered to the registrar under this Chapter about persons who are a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>any question necessary or expedient to be decided for rectifying the position.</p></content></level></subsection><subsection><num>(5)</num><content><p>Nothing in this section affects a person’s rights under section 1094 or 1096 (rectification of register).</p></content></subsection></section><section eId="d28e35351"><num>790LL</num><heading>Information as to whether information has been delivered</heading><subsection eId="d28e35355"><num>(1)</num><content><p>A person may request a company to tell the person whether all of the information that it is required to deliver to the registrar under this Chapter has been delivered.</p></content></subsection><subsection><num>(2)</num><content><p>The company must comply with the request within the period of 14 days beginning with the day on which the request is made.</p></content></subsection><subsection eId="d28e35367"><num>(3)</num><intro><p>If the company fails, without reasonable excuse, to do so, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection eId="d28e35385"><num>(4)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale.</p></content></subsection><subsection><num>(5)</num><content><p>Subsection (1) does not apply in relation to information if the company is aware that, by virtue of regulations under section 1088, the registrar is required to refrain from making that information available for public inspection.</p></content></subsection></section></hcontainer></chapter></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-19" class="schProv1"><num>19</num><content><p>Omit Chapters 3 and 4 of Part 21A (company registers of people with significant control etc).</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-20" class="schProv1"><num>20</num><subparagraph eId="schedule-2-paragraph-20-1"><num>(1)</num><content><p>Schedule 1B (enforcement of disclosure requirements in relation to persons with significant control) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-2-paragraph-20-2"><num>(2)</num><intro><p><mod>In each of the following provisions, for “or 790E” substitute <quotedText>“, 790DA, 790E or 790EA”</quotedText>—</mod></p></intro><level class="para1" eId="schedule-2-paragraph-20-2-a"><num>(a)</num><content><p>paragraph 1(1)(a) and (3)(a);</p></content></level><level class="para1" eId="schedule-2-paragraph-20-2-b"><num>(b)</num><content><p>paragraph 8(3)(a);</p></content></level><level class="para1" eId="schedule-2-paragraph-20-2-c"><num>(c)</num><content><p>paragraph 11(a) and (b);</p></content></level><level class="para1" eId="schedule-2-paragraph-20-2-d"><num>(d)</num><content><p>paragraph 12(2)(b).</p></content></level></subparagraph><subparagraph eId="schedule-2-paragraph-20-3"><num>(3)</num><content><p><mod>For paragraphs 13 and 14 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="crossheading" class="schGroup7"><heading>Offence of failing to comply with notices</heading><paragraph class="schProv1"><num>13</num><subparagraph><num>(1)</num><content><p>A person to whom a notice under section 790D, 790DA, 790E or 790EA is addressed commits an offence if the person fails, without reasonable excuse, to comply with the notice.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Where the person is a legal entity, the offence is also committed by every officer of the entity who is in default.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>A person guilty of an offence under this paragraph is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both).</p></content></level></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Offence of failing to provide information</heading><paragraph class="schProv1"><num>14</num><subparagraph><num>(1)</num><content><p>A person commits an offence if the person fails, without reasonable excuse, to comply with a duty under section 790G, 790H or 790HA.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Where the person is a legal entity, the offence is also committed by every officer of the entity who is in default.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>A person guilty of an offence under this paragraph is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both).</p></content></level></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>False statements: basic offence</heading><paragraph class="schProv1"><num>14A</num><subparagraph><num>(1)</num><content><p>A person commits an offence if, in purported compliance with a notice under section 790D, 790DA, 790E or 790EA or in purported compliance with a duty imposed by section 790G, 790H or 790HA, and without reasonable excuse, the person makes a statement that is misleading, false or deceptive in a material particular.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Where the person is a legal entity, the offence is also committed by every officer of the entity who is in default.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>A person guilty of an offence under this paragraph is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, to a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>False statements: aggravated offence</heading><paragraph class="schProv1"><num>14B</num><subparagraph><num>(1)</num><content><p>A person commits an offence if, in purported compliance with a notice under section 790D, 790DA, 790E or 790EA or in purported compliance with a duty imposed by section 790G, 790H or 790HA, the person makes a statement that the person knows is misleading, false or deceptive in a material particular.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Where the person is a legal entity, the offence is also committed by every officer of the entity who is in default.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>A person guilty of an offence under this paragraph is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or to a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding twelve months or to a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding six months or to a fine not exceeding the statutory maximum (or both).</p></content></level></level></subparagraph></paragraph></hcontainer></quotedStructure></mod></p></content></subparagraph></paragraph>
<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-part-4"><num>PART 4</num><heading>Consequential amendments</heading><paragraph eId="schedule-2-paragraph-21" class="schProv1"><num>21</num><content><p>The Companies Act 2006 is amended as follows.</p></content></paragraph><paragraph eId="schedule-2-paragraph-22" class="schProv1"><num>22</num><subparagraph eId="schedule-2-paragraph-22-1"><num>(1)</num><content><p>Section 12 (statement of proposed officers) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-2-paragraph-22-2"><num>(2)</num><content><p><mod>In subsection (1), for “particulars of” substitute <quotedText>“information about”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-2-paragraph-22-3"><num>(3)</num><content><p><mod>For subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><intro><p>For the required information—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to proposed directors, see sections 167J and 167K;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to proposed secretaries or joint secretaries, see sections 279J and 279K.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-2-paragraph-23" class="schProv1"><num>23</num><content><p><mod>In section 12A (statement of initial significant control), for subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>The statement of initial significant control required to be delivered to the registrar must—</p></intro><level class="para1" eId="d28e35739"><num>(a)</num><content><p>state whether, on incorporation, there will be anyone who is either a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>include the required particulars of any such person.</p></content></level></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-24" class="schProv1"><num>24</num><subparagraph eId="schedule-2-paragraph-24-1"><num>(1)</num><content><p>Section 95 (statement of proposed secretary) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-2-paragraph-24-2"><num>(2)</num><content><p><mod>In subsection (1), for “particulars of” substitute <quotedText>“information about”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-2-paragraph-24-3"><num>(3)</num><content><p><mod>For subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><content><p>For the required information in relation to proposed secretaries or joint secretaries, see sections 279J and 279K.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-2-paragraph-25" class="schProv1"><num>25</num><subparagraph eId="schedule-2-paragraph-25-1"><num>(1)</num><content><p>Section 156 (direction requiring company to make appointment of director) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-2-paragraph-25-2"><num>(2)</num><content><p><mod>In subsections (4)(b) and (5), for “section 167” substitute <quotedText>“section 167G”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-2-paragraph-25-3"><num>(3)</num><content><p><mod>After subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5A)</num><content><p>Nothing in subsection (4) or (5) affects the duty imposed by section 167G to give notice within the period mentioned in subsection (6) of that section.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-2-paragraph-26" class="schProv1"><num>26</num><content><p>In section 156B (power to provide for exceptions from requirement that each director to be a natural person), omit subsection (5).</p></content></paragraph><paragraph eId="schedule-2-paragraph-27" class="schProv1"><num>27</num><content><p><mod>In section 156C (existing director who is not a natural person), for subsections (3) to (5) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><content><p>If it appears to the registrar that, as a result of subsection (2), a company should have given notice under section 167G of a person having ceased to be a director but has failed to do so, the registrar must include a note in the register recording that fact.</p></content></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-28" class="schProv1"><num>28</num><intro><p>In section 853B (duties to notify a relevant event)—</p></intro><level class="para1" eId="schedule-2-paragraph-28-a"><num>(a)</num><content><p><mod>for paragraph (c) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>the duty to give notice of a change as mentioned in section 167G or 167H (changes in directors or required information about a director);</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="schedule-2-paragraph-28-b"><num>(b)</num><content><p>omit paragraph (d);</p></content></level><level class="para1" eId="schedule-2-paragraph-28-c"><num>(c)</num><content><p><mod>for paragraph (e) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>the duty to give notice of a change as mentioned in section 279G or 279H (change in secretary or joint secretaries or in required information about a secretary or joint secretary);</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="schedule-2-paragraph-28-d"><num>(d)</num><content><p>omit paragraphs (f) and (fa);</p></content></level><level class="para1" eId="schedule-2-paragraph-28-e"><num>(e)</num><content><p><mod>for paragraph (g) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(g)</num><content><p>the duty to deliver anything as mentioned in section 790LA, 790LC, 790LD, 790LE, 790LF, 790LG or 790LH (information about persons with significant control);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></paragraph><paragraph eId="schedule-2-paragraph-29" class="schProv1"><num>29</num><content><p><mod>In section 1079B (duty to notify directors), in subsections (1)(b) and (2)(b), for “section 167 or 167D” substitute <quotedText>“section 167G”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-30" class="schProv1"><num>30</num><content><p><mod>In section 1136 (regulations about where certain company records to be kept available for inspection), in subsection (2), omit—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 162 (register of directors);</p></item></blockList></quotedStructure></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 275 (register of secretaries);</p></item></blockList></quotedStructure></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 790M (register of people with significant control over a company);</p></item></blockList></quotedStructure></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 790Z (historic PSC register);</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-31" class="schProv1"><num>31</num><intro><p>In paragraph 4 of Schedule 5 (communications by a company)—</p></intro><level class="para1" eId="schedule-2-paragraph-31-a"><num>(a)</num><content><p><mod>in sub-paragraph (1)(d), for “the company’s register of directors” substitute <quotedText>“the register”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-2-paragraph-31-b"><num>(b)</num><content><p>omit sub-paragraph (1A).</p></content></level></paragraph><paragraph eId="schedule-2-paragraph-32" class="schProv1"><num>32</num><intro><p>In Schedule 8 (index of defined expressions), omit the entries relating to—</p></intro><hcontainer name="definition"><content><p>“the central register”;</p></content></hcontainer><hcontainer name="definition"><content><p>“PSC register”;</p></content></hcontainer><hcontainer name="definition"><content><p>“register of directors”;</p></content></hcontainer><hcontainer name="definition"><content><p>“register of directors’ residential addresses”;</p></content></hcontainer><hcontainer name="definition"><content><p>“register of secretaries”.</p></content></hcontainer></paragraph></part>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-21" class="schProv1"><num>21</num><content><p>The Companies Act 2006 is amended as follows.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-22" class="schProv1"><num>22</num><subparagraph eId="schedule-2-paragraph-22-1"><num>(1)</num><content><p>Section 12 (statement of proposed officers) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-2-paragraph-22-2"><num>(2)</num><content><p><mod>In subsection (1), for “particulars of” substitute <quotedText>“information about”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-2-paragraph-22-3"><num>(3)</num><content><p><mod>For subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><intro><p>For the required information—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to proposed directors, see sections 167J and 167K;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to proposed secretaries or joint secretaries, see sections 279J and 279K.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-23" class="schProv1"><num>23</num><content><p><mod>In section 12A (statement of initial significant control), for subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>The statement of initial significant control required to be delivered to the registrar must—</p></intro><level class="para1" eId="d28e35739"><num>(a)</num><content><p>state whether, on incorporation, there will be anyone who is either a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>include the required particulars of any such person.</p></content></level></subsection></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-24" class="schProv1"><num>24</num><subparagraph eId="schedule-2-paragraph-24-1"><num>(1)</num><content><p>Section 95 (statement of proposed secretary) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-2-paragraph-24-2"><num>(2)</num><content><p><mod>In subsection (1), for “particulars of” substitute <quotedText>“information about”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-2-paragraph-24-3"><num>(3)</num><content><p><mod>For subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><content><p>For the required information in relation to proposed secretaries or joint secretaries, see sections 279J and 279K.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-25" class="schProv1"><num>25</num><subparagraph eId="schedule-2-paragraph-25-1"><num>(1)</num><content><p>Section 156 (direction requiring company to make appointment of director) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-2-paragraph-25-2"><num>(2)</num><content><p><mod>In subsections (4)(b) and (5), for “section 167” substitute <quotedText>“section 167G”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-2-paragraph-25-3"><num>(3)</num><content><p><mod>After subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5A)</num><content><p>Nothing in subsection (4) or (5) affects the duty imposed by section 167G to give notice within the period mentioned in subsection (6) of that section.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-26" class="schProv1"><num>26</num><content><p>In section 156B (power to provide for exceptions from requirement that each director to be a natural person), omit subsection (5).</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-27" class="schProv1"><num>27</num><content><p><mod>In section 156C (existing director who is not a natural person), for subsections (3) to (5) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><content><p>If it appears to the registrar that, as a result of subsection (2), a company should have given notice under section 167G of a person having ceased to be a director but has failed to do so, the registrar must include a note in the register recording that fact.</p></content></subsection></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-28" class="schProv1"><num>28</num><intro><p>In section 853B (duties to notify a relevant event)—</p></intro><level class="para1" eId="schedule-2-paragraph-28-a"><num>(a)</num><content><p><mod>for paragraph (c) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>the duty to give notice of a change as mentioned in section 167G or 167H (changes in directors or required information about a director);</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="schedule-2-paragraph-28-b"><num>(b)</num><content><p>omit paragraph (d);</p></content></level><level class="para1" eId="schedule-2-paragraph-28-c"><num>(c)</num><content><p><mod>for paragraph (e) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>the duty to give notice of a change as mentioned in section 279G or 279H (change in secretary or joint secretaries or in required information about a secretary or joint secretary);</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="schedule-2-paragraph-28-d"><num>(d)</num><content><p>omit paragraphs (f) and (fa);</p></content></level><level class="para1" eId="schedule-2-paragraph-28-e"><num>(e)</num><content><p><mod>for paragraph (g) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(g)</num><content><p>the duty to deliver anything as mentioned in section 790LA, 790LC, 790LD, 790LE, 790LF, 790LG or 790LH (information about persons with significant control);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-2-paragraph-28-a"><num>(a)</num><content><p><mod>for paragraph (c) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>the duty to give notice of a change as mentioned in section 167G or 167H (changes in directors or required information about a director);</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-28-b"><num>(b)</num><content><p>omit paragraph (d);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-2-paragraph-28-c"><num>(c)</num><content><p><mod>for paragraph (e) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>the duty to give notice of a change as mentioned in section 279G or 279H (change in secretary or joint secretaries or in required information about a secretary or joint secretary);</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-28-d"><num>(d)</num><content><p>omit paragraphs (f) and (fa);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-2-paragraph-28-e"><num>(e)</num><content><p><mod>for paragraph (g) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(g)</num><content><p>the duty to deliver anything as mentioned in section 790LA, 790LC, 790LD, 790LE, 790LF, 790LG or 790LH (information about persons with significant control);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-29" class="schProv1"><num>29</num><content><p><mod>In section 1079B (duty to notify directors), in subsections (1)(b) and (2)(b), for “section 167 or 167D” substitute <quotedText>“section 167G”</quotedText>.</mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-30" class="schProv1"><num>30</num><content><p><mod>In section 1136 (regulations about where certain company records to be kept available for inspection), in subsection (2), omit—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 162 (register of directors);</p></item></blockList></quotedStructure></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 275 (register of secretaries);</p></item></blockList></quotedStructure></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 790M (register of people with significant control over a company);</p></item></blockList></quotedStructure></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 790Z (historic PSC register);</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-31" class="schProv1"><num>31</num><intro><p>In paragraph 4 of Schedule 5 (communications by a company)—</p></intro><level class="para1" eId="schedule-2-paragraph-31-a"><num>(a)</num><content><p><mod>in sub-paragraph (1)(d), for “the company’s register of directors” substitute <quotedText>“the register”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-2-paragraph-31-b"><num>(b)</num><content><p>omit sub-paragraph (1A).</p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-31-a"><num>(a)</num><content><p><mod>in sub-paragraph (1)(d), for “the company’s register of directors” substitute <quotedText>“the register”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-31-b"><num>(b)</num><content><p>omit sub-paragraph (1A).</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-32" class="schProv1"><num>32</num><intro><p>In Schedule 8 (index of defined expressions), omit the entries relating to—</p></intro><hcontainer name="definition"><content><p>“the central register”;</p></content></hcontainer><hcontainer name="definition"><content><p>“PSC register”;</p></content></hcontainer><hcontainer name="definition"><content><p>“register of directors”;</p></content></hcontainer><hcontainer name="definition"><content><p>“register of directors’ residential addresses”;</p></content></hcontainer><hcontainer name="definition"><content><p>“register of secretaries”.</p></content></hcontainer></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(b)</num><content><p>where the body has no balance sheet for the financial year, has a corresponding meaning;</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-9-paragraph-17" class="schProv1"><num>17</num><subparagraph eId="schedule-9-paragraph-17-1"><num>(1)</num><content><p>Section 24 of the UK Borders Act 2007 (exercise of civil recovery powers by immigration officers) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-2"><num>(2)</num><content><p><mod>In subsection (1), for “3B” substitute <quotedText>“3F”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-3"><num>(3)</num><content><p><mod>In subsection (2)(a), for “Chapter 3B” substitute <quotedText>“Chapters 3B to 3F”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-4"><num>(4)</num><content><p><mod>In subsection (2)(c), after “303Z2(4))” insert <quotedText>“, Chapter 3C (see section 303Z20(4)), Chapter 3D (see section 303Z36(8)) and Chapter 3E (see section 303Z41(9))”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-5"><num>(5)</num><content><p><mod>In subsection (2)(d), after “303G” insert <quotedText>“(including as section 303G is applied by section 303Z25)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-6"><num>(6)</num><content><p><mod>In subsection (2)(e), after “303I” insert <quotedText>“(including as sections 303H and 303I are applied by section 303Z25)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-7"><num>(7)</num><intro><p>In subsection (2)(f)—</p></intro><level class="para1" eId="schedule-9-paragraph-17-7-a"><num>(a)</num><content><p><mod>in the opening words, for “or 303L(1)” substitute <quotedText>“, 303L(1), 303Z28(1) or (4), 303Z32(1) or (4) or 303Z57(3) or (5)”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-17-7-b"><num>(b)</num><content><p><mod>in sub-paragraph (ii), for “or (as the case may be) 303O” substitute <quotedText>“, 303O, 303Z41 or (as the case may be) 303Z60”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-17-8"><num>(8)</num><content><p><mod>In subsection (2)(g), for “or 303Z14” substitute <quotedText>“, 303Z14, 303Z41 or 303Z60”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-9"><num>(9)</num><content><p><mod>In subsection (2)(h), for “or 303Z18” substitute <quotedText>“, 303Z18, 303Z52 or 303Z64”</quotedText>.</mod></p></content></subparagraph></paragraph>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-3"><num>SCHEDULE 3<authorialNote class="referenceNote"><p>Section 94</p></authorialNote></num><heading>Disclosure of information: consequential amendments</heading><hcontainer name="crossheading" class="schGroup7" eId="d28e36014"><heading>Companies Act 2006</heading><paragraph eId="schedule-3-paragraph-1" class="schProv1"><num>1</num><content><p>The Companies Act 2006 is amended as follows.</p></content></paragraph><paragraph eId="schedule-3-paragraph-2" class="schProv1"><num>2</num><intro><p>In section 242 (protected information: restriction on disclosure by registrar), in subsection (3)—</p></intro><level class="para1" eId="schedule-3-paragraph-2-a"><num>(a)</num><content><p>omit the “or” at the end of paragraph (a);</p></content></level><level class="para1" eId="schedule-3-paragraph-2-b"><num>(b)</num><content><p><mod>at the end of paragraph (b) insert <quotedText startQuote="“">, or</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>as permitted by section <ref href="#d28e13362">1110F</ref> (general powers of disclosure by the registrar).</p></content></level></quotedStructure></mod></p></content></level></paragraph><paragraph eId="schedule-3-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-3-paragraph-3-1"><num>(1)</num><content><p>Section 243 (permitted disclosure by the registrar) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-3-paragraph-3-2"><num>(2)</num><content><p><mod>For subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><content><p>The registrar may disclose protected information to a credit reference agency.</p></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-3-paragraph-3-3"><num>(3)</num><intro><p>In subsection (7), omit—</p></intro><level class="para1" eId="schedule-3-paragraph-3-3-a"><num>(a)</num><content><p>the definition of “public authority”;</p></content></level><level class="para1" eId="schedule-3-paragraph-3-3-b"><num>(b)</num><content><p>the “and” before that definition.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e36100"><heading>Economic Crime (Transparency and Enforcement) Act 2022</heading><paragraph eId="schedule-3-paragraph-4" class="schProv1"><num>4</num><content><p>The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows.</p></content></paragraph><paragraph eId="schedule-3-paragraph-5" class="schProv1"><num>5</num><content><p>In section 40 (sharing of information by HMRC), in subsection (1), omit “or the registrar”.</p></content></paragraph><paragraph eId="schedule-3-paragraph-6" class="schProv1"><num>6</num><content><p><mod>In section 44 (interpretation), in subsection (1), at the end of the definition of “document”, insert <quotedText>“and references to delivering a document are to be read in accordance with section 1114(1)(b) of the Companies Act 2006”</quotedText>.</mod></p></content></paragraph></hcontainer></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content><p>“<term refersTo="#term-confirmation-statement" eId="term-confirmation-statement">confirmation statement</term>” has the meaning given by section 853A(1)(b) of the Companies Act 2006;</p></content></hcontainer>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-1" class="schProv1"><num>1</num><content><p>The Companies Act 2006 is amended as follows.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-8-paragraph-1" class="schProv1"><num>1</num><content><p>Part 2 of the Proceeds of Crime Act 2002 (confiscation: England and Wales) is amended as follows.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-18" class="schProv1"><num>18</num><content><p><mod>After section 84 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>84A</num><heading>Cryptoassets etc</heading><subsection><num>(1)</num><content><p>“<term refersTo="#term-cryptoasset">Cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically.</p></content></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-crypto-wallet">Crypto wallet</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>software,</p></content></level><level class="para1"><num>(b)</num><content><p>hardware,</p></content></level><level class="para1"><num>(c)</num><content><p>a physical item, or</p></content></level><level class="para1"><num>(d)</num><content><p>any combination of the things mentioned in paragraphs (a) to (c),</p></content></level><wrapUp><p>which is used to store the cryptographic private key that allows cryptoassets to be accessed.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>“<term refersTo="#term-cryptoasset-related-item">Cryptoasset-related item</term>” has the meaning given in section 47C(5B).</p></content></subsection><subsection><num>(4)</num><intro><p>The circumstances in which a cryptoasset is taken to be “destroyed” include circumstances where it is—</p></intro><level class="para1"><num>(a)</num><content><p>disposed of,</p></content></level><level class="para1"><num>(b)</num><content><p>transferred, or</p></content></level><level class="para1"><num>(c)</num><content><p>otherwise dealt with,</p></content></level><wrapUp><p>in such a way as to ensure, or to make it virtually certain, that it will not be the subject of any further transactions or be dealt with again in any other way.</p></wrapUp></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions of “cryptoasset” and “crypto wallet” in this section.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-13-paragraph-3" class="schProv1"><num>3</num><intro><p>An offence under any of the following provisions of the Theft Act 1968—</p></intro><level class="para1" eId="schedule-13-paragraph-3-a"><num>(a)</num><content><p>section 17 (false accounting);</p></content></level><level class="para1" eId="schedule-13-paragraph-3-b"><num>(b)</num><content><p>section 19 (false statements by company directors etc).</p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-13-paragraph-3-a"><num>(a)</num><content><p>section 17 (false accounting);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-13-paragraph-3-b"><num>(b)</num><content><p>section 19 (false statements by company directors etc).</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-3-paragraph-2" class="schProv1"><num>2</num><intro><p>In section 242 (protected information: restriction on disclosure by registrar), in subsection (3)—</p></intro><level class="para1" eId="schedule-3-paragraph-2-a"><num>(a)</num><content><p>omit the “or” at the end of paragraph (a);</p></content></level><level class="para1" eId="schedule-3-paragraph-2-b"><num>(b)</num><content><p><mod>at the end of paragraph (b) insert <quotedText startQuote="“">, or</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>as permitted by section <ref href="#d28e13362">1110F</ref> (general powers of disclosure by the registrar).</p></content></level></quotedStructure></mod></p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-3-paragraph-2-a"><num>(a)</num><content><p>omit the “or” at the end of paragraph (a);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-3-paragraph-2-b"><num>(b)</num><content><p><mod>at the end of paragraph (b) insert <quotedText startQuote="“">, or</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>as permitted by section <ref href="#d28e13362">1110F</ref> (general powers of disclosure by the registrar).</p></content></level></quotedStructure></mod></p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-13-paragraph-4" class="schProv1"><num>4</num><intro><p>An offence under any of the following provisions of the Theft Act (Northern Ireland) 1969—</p></intro><level class="para1" eId="schedule-13-paragraph-4-a"><num>(a)</num><content><p>section 17 (false accounting);</p></content></level><level class="para1" eId="schedule-13-paragraph-4-b"><num>(b)</num><content><p>section 18 (false statements by company directors etc).</p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-13-paragraph-4-a"><num>(a)</num><content><p>section 17 (false accounting);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-13-paragraph-4-b"><num>(b)</num><content><p>section 18 (false statements by company directors etc).</p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-3-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-3-paragraph-3-1"><num>(1)</num><content><p>Section 243 (permitted disclosure by the registrar) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-3-paragraph-3-2"><num>(2)</num><content><p><mod>For subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><content><p>The registrar may disclose protected information to a credit reference agency.</p></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-3-paragraph-3-3"><num>(3)</num><intro><p>In subsection (7), omit—</p></intro><level class="para1" eId="schedule-3-paragraph-3-3-a"><num>(a)</num><content><p>the definition of “public authority”;</p></content></level><level class="para1" eId="schedule-3-paragraph-3-3-b"><num>(b)</num><content><p>the “and” before that definition.</p></content></level></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-13-paragraph-5" class="schProv1"><num>5</num><content><p>An offence under section 993 of the Companies Act 2006 (fraudulent trading).</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-13-paragraph-6" class="schProv1"><num>6</num><intro><p>An offence under any of the following provisions of the Fraud Act 2006—</p></intro><level class="para1" eId="schedule-13-paragraph-6-a"><num>(a)</num><content><p>section 1 (fraud);</p></content></level><level class="para1" eId="schedule-13-paragraph-6-b"><num>(b)</num><content><p>section 9 (participating in fraudulent business carried on by sole trader);</p></content></level><level class="para1" eId="schedule-13-paragraph-6-c"><num>(c)</num><content><p>section 11 (obtaining services dishonestly).</p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-13-paragraph-6-a"><num>(a)</num><content><p>section 1 (fraud);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-13-paragraph-6-b"><num>(b)</num><content><p>section 9 (participating in fraudulent business carried on by sole trader);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-13-paragraph-6-c"><num>(c)</num><content><p>section 11 (obtaining services dishonestly).</p></content></level>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d28e36014"><heading>Companies Act 2006</heading><paragraph eId="schedule-3-paragraph-1" class="schProv1"><num>1</num><content><p>The Companies Act 2006 is amended as follows.</p></content></paragraph><paragraph eId="schedule-3-paragraph-2" class="schProv1"><num>2</num><intro><p>In section 242 (protected information: restriction on disclosure by registrar), in subsection (3)—</p></intro><level class="para1" eId="schedule-3-paragraph-2-a"><num>(a)</num><content><p>omit the “or” at the end of paragraph (a);</p></content></level><level class="para1" eId="schedule-3-paragraph-2-b"><num>(b)</num><content><p><mod>at the end of paragraph (b) insert <quotedText startQuote="“">, or</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>as permitted by section <ref href="#d28e13362">1110F</ref> (general powers of disclosure by the registrar).</p></content></level></quotedStructure></mod></p></content></level></paragraph><paragraph eId="schedule-3-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-3-paragraph-3-1"><num>(1)</num><content><p>Section 243 (permitted disclosure by the registrar) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-3-paragraph-3-2"><num>(2)</num><content><p><mod>For subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><content><p>The registrar may disclose protected information to a credit reference agency.</p></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-3-paragraph-3-3"><num>(3)</num><intro><p>In subsection (7), omit—</p></intro><level class="para1" eId="schedule-3-paragraph-3-3-a"><num>(a)</num><content><p>the definition of “public authority”;</p></content></level><level class="para1" eId="schedule-3-paragraph-3-3-b"><num>(b)</num><content><p>the “and” before that definition.</p></content></level></subparagraph></paragraph></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7"><heading>Economic Crime (Transparency and Enforcement) Act 2022</heading><paragraph eId="schedule-3-paragraph-4" class="schProv1"><num>4</num><content><p>The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows.</p></content></paragraph><paragraph eId="schedule-3-paragraph-5" class="schProv1"><num>5</num><content><p>In section 40 (sharing of information by HMRC), in subsection (1), omit “or the registrar”.</p></content></paragraph><paragraph eId="schedule-3-paragraph-6" class="schProv1"><num>6</num><content><p><mod>In section 44 (interpretation), in subsection (1), at the end of the definition of “document”, insert <quotedText>“and references to delivering a document are to be read in accordance with section 1114(1)(b) of the Companies Act 2006”</quotedText>.</mod></p></content></paragraph></hcontainer>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-4" class="schProv1"><num>4</num><content><p>The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-1" class="schProv1"><num>1</num><content><p>Cheating the public revenue.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-5" class="schProv1"><num>5</num><content><p>In section 40 (sharing of information by HMRC), in subsection (1), omit “or the registrar”.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-2" class="schProv1"><num>2</num><content><p>Conspiracy to defraud.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-6" class="schProv1"><num>6</num><content><p><mod>In section 44 (interpretation), in subsection (1), at the end of the definition of “document”, insert <quotedText>“and references to delivering a document are to be read in accordance with section 1114(1)(b) of the Companies Act 2006”</quotedText>.</mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-11-paragraph-3" class="schProv1"><num>3</num><intro><p>In Scotland, the following offences at common law—</p></intro><level class="para1" eId="schedule-11-paragraph-3-a"><num>(a)</num><content><p>fraud;</p></content></level><level class="para1" eId="schedule-11-paragraph-3-b"><num>(b)</num><content><p>uttering;</p></content></level><level class="para1" eId="schedule-11-paragraph-3-c"><num>(c)</num><content><p>embezzlement;</p></content></level><level class="para1" eId="schedule-11-paragraph-3-d"><num>(d)</num><content><p>theft.</p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-3-a"><num>(a)</num><content><p>fraud;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-3-b"><num>(b)</num><content><p>uttering;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-3-c"><num>(c)</num><content><p>embezzlement;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-11-paragraph-3-d"><num>(d)</num><content><p>theft.</p></content></level>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d28e36100"><heading>Economic Crime (Transparency and Enforcement) Act 2022</heading><paragraph eId="schedule-3-paragraph-4" class="schProv1"><num>4</num><content><p>The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows.</p></content></paragraph><paragraph eId="schedule-3-paragraph-5" class="schProv1"><num>5</num><content><p>In section 40 (sharing of information by HMRC), in subsection (1), omit “or the registrar”.</p></content></paragraph><paragraph eId="schedule-3-paragraph-6" class="schProv1"><num>6</num><content><p><mod>In section 44 (interpretation), in subsection (1), at the end of the definition of “document”, insert <quotedText>“and references to delivering a document are to be read in accordance with section 1114(1)(b) of the Companies Act 2006”</quotedText>.</mod></p></content></paragraph></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-4"><num>SCHEDULE 4<authorialNote class="referenceNote"><p>Section 110 </p></authorialNote></num><heading>Required information</heading><content><p>After section <ref href="#d28e23163">38</ref> of the Limited Partnerships Act 1907 (inserted by section 151 of this Act) insert the following as a Schedule to that Act—</p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="schedule" eId="d28e36148"><num>SCHEDULE</num><heading>Required information</heading><part><num>PART 1</num><heading>Introduction</heading><paragraph class="schProv1"><num>1</num><intro><p>In this Schedule—</p></intro><level class="para1"><num>(a)</num><content><p>Part <ref href="#d28e36223">2</ref> sets out the required information about a partner (or proposed partner) for the purposes of sections 8A, <ref href="#d28e18071">8R</ref>, <ref href="#d28e18233">8S</ref> and <ref href="#d28e18270">8T</ref>,</p></content></level><level class="para1"><num>(b)</num><content><p>Part <ref href="#d28e36373">3</ref> sets out the required information about a registered officer (or proposed registered officer) for the purposes of sections 8A, <ref href="#d28e17421">8L</ref>, <ref href="#d28e17495">8M</ref> and <ref href="#d28e18071">8R</ref>, and</p></content></level><level class="para1"><num>(c)</num><content><p>Part <ref href="#d28e36448">4</ref> sets out the required information about a named contact (or proposed named contact) for the purposes of sections 8A, <ref href="#d28e17421">8L</ref>, <ref href="#d28e17567">8N</ref>, <ref href="#d28e17646">8O</ref> and <ref href="#d28e18071">8R</ref>.</p></content></level></paragraph></part><part eId="d28e36223"><num>PART 2</num><heading>Partners</heading><hcontainer name="crossheading" class="schGroup7"><heading>Individuals</heading><paragraph eId="d28e36231" class="schProv1"><num>2</num><subparagraph><num>(1)</num><intro><p>Where a partner (or proposed partner) is an individual, the required information about the partner is—</p></intro><level class="para1" eId="d28e36241"><num>(a)</num><content><p>name, date of birth and nationality;</p></content></level><level class="para1" eId="d28e36247"><num>(b)</num><content><p>any relevant former names;</p></content></level><level class="para1"><num>(c)</num><content><p>usual residential address;</p></content></level><level class="para1"><num>(d)</num><content><p>the part of the United Kingdom in which the individual is usually resident or, if the individual is usually resident in a country or state outside the United Kingdom, that country or state;</p></content></level><level class="para1"><num>(e)</num><content><p>in the case of a general partner, a service address (which may be stated as “The limited partnership’s registered office”).</p></content></level></subparagraph><subparagraph eId="d28e36271"><num>(2)</num><intro><p>In sub-paragraph <ref href="#d28e36247">(1)(b)</ref> “<term refersTo="#term-relevant-former-name">relevant former name</term>” means any former name other than—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a peer, or an individual normally known by a British title, the name by which the individual was known previous to the adoption of or succession to the title, or</p></content></level><level class="para1"><num>(b)</num><intro><p>in the case of any person, a former name which—</p></intro><level class="para2"><num>(i)</num><content><p>was changed or disused before the person attained the age of 16 years, or</p></content></level><level class="para2"><num>(ii)</num><content><p>has been changed or disused for 20 years or more.</p></content></level></level></subparagraph><subparagraph eId="d28e36307"><num>(3)</num><intro><p>In this paragraph—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-former-name">former name</term>” means a name by which the individual was formerly known for business purposes;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-name">name</term>” means the individual’s forename and surname.</p></content></hcontainer></subparagraph><subparagraph><num>(4)</num><content><p>Where a partner (or proposed partner) who is an individual is a peer or an individual usually known by a title, any requirement imposed by this Act to provide the individual’s name because it forms part of the required information may be satisfied by providing that title instead of the individual’s forename and surname.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Legal entities</heading><paragraph class="schProv1"><num>3</num><intro><p>Where a partner (or proposed partner) is a legal entity, the required information about the partner is—</p></intro><level class="para1"><num>(a)</num><content><p>name;</p></content></level><level class="para1"><num>(b)</num><content><p>principal office;</p></content></level><level class="para1"><num>(c)</num><content><p>a service address (which may be stated as “The limited partnership’s registered office”);</p></content></level><level class="para1"><num>(d)</num><content><p>the legal form of the entity and the law by which it is governed;</p></content></level><level class="para1" eId="d28e36367"><num>(e)</num><content><p>in the case of a general partner, any register in which the general partner is entered (including details of the state) and, if applicable, its registration number in that register.</p></content></level></paragraph></hcontainer></part><part eId="d28e36373"><num>PART 3</num><heading>Registered officers</heading><paragraph class="schProv1"><num>4</num><subparagraph><num>(1)</num><intro><p>The required information about a registered officer (or proposed registered officer) is—</p></intro><level class="para1"><num>(a)</num><content><p>name, date of birth and nationality;</p></content></level><level class="para1" eId="d28e36394"><num>(b)</num><content><p>any relevant former names;</p></content></level><level class="para1"><num>(c)</num><content><p>usual residential address;</p></content></level><level class="para1"><num>(d)</num><content><p>the part of the United Kingdom in which the individual is usually resident or, if the individual is usually resident in a country or state outside the United Kingdom, that country or state;</p></content></level><level class="para1"><num>(e)</num><content><p>a service address (which may be stated as “The limited partnership’s registered office”).</p></content></level></subparagraph><subparagraph><num>(2)</num><content><p>In sub-paragraph <ref href="#d28e36394">(1)(b)</ref> “<term refersTo="#term-relevant-former-name">relevant former name</term>” has the meaning given by paragraph <ref href="#d28e36271">2(2)</ref>.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>In this paragraph “former name” and “name” have the meanings given by paragraph <ref href="#d28e36307">2(3)</ref>.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>Where a registered officer (or proposed registered officer) who is an individual is a peer or an individual usually known by a title, any requirement imposed by this Act to provide the individual’s name because it forms part of the required information may be satisfied by providing that title instead of the individual’s forename and surname.</p></content></subparagraph></paragraph></part><part eId="d28e36448"><num>PART 4</num><heading>Named contacts</heading><paragraph class="schProv1"><num>5</num><subparagraph><num>(1)</num><intro><p>The required information about a named contact (or proposed named contact) is—</p></intro><level class="para1"><num>(a)</num><content><p>name;</p></content></level><level class="para1"><num>(b)</num><content><p>usual residential address;</p></content></level><level class="para1"><num>(c)</num><content><p>email address.</p></content></level></subparagraph><subparagraph><num>(2)</num><content><p>In this paragraph “<term refersTo="#term-name">name</term>” has the meaning given by paragraph <ref href="#d28e36307">2(3)</ref>.</p></content></subparagraph></paragraph></part></hcontainer></quotedStructure></mod></p></content></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-5"><num>SCHEDULE 5<authorialNote class="referenceNote"><p>Section 152</p></authorialNote></num><heading>Limited partnerships: consequential amendments</heading><paragraph eId="schedule-5-paragraph-1" class="schProv1"><num>1</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></paragraph><paragraph eId="schedule-5-paragraph-2" class="schProv1"><num>2</num><content><p><mod>Before section 1 (short title) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Short title and interpretation</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph><paragraph eId="schedule-5-paragraph-3" class="schProv1"><num>3</num><content><p><mod>Before section 4 (definition and constitution of limited partnership) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Definition and constitution of limited partnership</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph><paragraph eId="schedule-5-paragraph-4" class="schProv1"><num>4</num><content><p><mod>Before section 6 (modifications of general law in case of limited partnerships) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Application of other laws to limited partnerships</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph><paragraph eId="schedule-5-paragraph-5" class="schProv1"><num>5</num><content><p><mod>Before section 8 (duty to register and designate) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Registration and designation</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph><paragraph eId="schedule-5-paragraph-6" class="schProv1"><num>6</num><content><p><mod>Before section 15 (the registrar) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">The registrar</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph></hcontainer>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-5-paragraph-1" class="schProv1"><num>1</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-5-paragraph-2" class="schProv1"><num>2</num><content><p><mod>Before section 1 (short title) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Short title and interpretation</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-5-paragraph-3" class="schProv1"><num>3</num><content><p><mod>Before section 4 (definition and constitution of limited partnership) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Definition and constitution of limited partnership</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-5-paragraph-4" class="schProv1"><num>4</num><content><p><mod>Before section 6 (modifications of general law in case of limited partnerships) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Application of other laws to limited partnerships</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-5-paragraph-5" class="schProv1"><num>5</num><content><p><mod>Before section 8 (duty to register and designate) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Registration and designation</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-5-paragraph-6" class="schProv1"><num>6</num><content><p><mod>Before section 15 (the registrar) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">The registrar</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" name="schedule" eId="schedule-6"><num>SCHEDULE 6<authorialNote class="referenceNote"><p>Section 163</p></authorialNote></num><heading>Duty to deliver information about changes in beneficiaries</heading><paragraph eId="schedule-6-paragraph-1" class="schProv1"><num>1</num><content><p>The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows.</p></content></paragraph><paragraph eId="schedule-6-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-6-paragraph-2-1"><num>(1)</num><content><p>Section 7 (updating duty) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-6-paragraph-2-2"><num>(2)</num><content><p><mod>In subsection (1)(a) and (b), for “statement and information mentioned” substitute <quotedText>“statements and information mentioned”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-6-paragraph-2-3"><num>(3)</num><intro><p>In subsection (3)—</p></intro><level class="para1" eId="schedule-6-paragraph-2-3-a"><num>(a)</num><content><p>omit the “and” at the end of paragraph (a);</p></content></level><level class="para1" eId="schedule-6-paragraph-2-3-b"><num>(b)</num><content><p><mod>at the end of paragraph (b) insert <quotedText startQuote="“">, and</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>the statement in row 1 of the table set out in subsection <ref href="#d28e36677">(4A)</ref>, or the statement and information listed in row 2 of that table.</p></content></level></quotedStructure></mod></p></content></level></subparagraph><subparagraph eId="schedule-6-paragraph-2-4"><num>(4)</num><intro><p>In subsection (4)—</p></intro><level class="para1" eId="schedule-6-paragraph-2-4-a"><num>(a)</num><content><p>omit the “and” at the end of paragraph (a);</p></content></level><level class="para1" eId="schedule-6-paragraph-2-4-b"><num>(b)</num><content><p><mod>at the end of paragraph (b) insert <quotedText startQuote="“">, and</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>in the case where the information provided under subsection (1)(b) includes information that a person who ceased to be a registrable beneficial owner was a trustee, the statement in row 1 of the table set out in subsection <ref href="#d28e36677">(4A)</ref>, or the statement and information listed in row 2 of that table.</p></content></level></quotedStructure></mod></p></content></level></subparagraph><subparagraph eId="schedule-6-paragraph-2-5"><num>(5)</num><content><p><mod>After subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e36677"><num>(4A)</num><content><p>This is the table referred to in subsections (3)(c) and (4)(c)—</p><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:6%"/><default:col span="1" style="width:52%"/><default:col span="1" style="width:42%"/><default:thead><default:tr><default:th/><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Information</p></default:th></default:tr></default:thead><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-color="black" fo:border-top-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">1</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">A statement that the entity has no reasonable cause to believe that anyone became or ceased to be a beneficiary under the trust at a time during the update period when the trustee was a registrable beneficial owner of the overseas entity.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"/></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">2</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">A statement that the entity has reasonable cause to believe that at least one person became or ceased to be a beneficiary under the trust at a time during the update period when the trustee was a registrable beneficial owner of the overseas entity.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-width="0.5pt" fo:border-left-color="black"><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered arabic period" ukl:Name="OrderedList" ukl:Type="arabic" ukl:Decoration="period"><item><num>1.</num><p>The information specified in paragraph 8(1)(d) of Schedule 1 about each such person, or so much of that information as the entity has been able to obtain.</p></item><item><num>2.</num><p>The date on which that person became or ceased to be a beneficiary under the trust, if the entity has been able to obtain that information.</p></item></blockList></default:td></default:tr></default:tbody></default:table></foreign></tblock></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-6-paragraph-2-6"><num>(6)</num><content><p><mod>For subsections (6) and (7) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6)</num><content><p>Any statements required by subsection (1)(a) or (b) must relate to the state of affairs as at the end of the update period.</p></content></subsection><subsection><num>(7)</num><intro><p>Any information—</p></intro><level class="para1"><num>(a)</num><content><p>required by subsection (1)(a) or (b) as a result of a person having become or ceased to be a beneficiary under a trust, or</p></content></level><level class="para1"><num>(b)</num><content><p>required by subsection (1)(b) as a result of a person having become or ceased to be a registrable beneficial owner of an overseas entity,</p></content></level><wrapUp><p>must relate to the time when the person so became or so ceased.</p></wrapUp></subsection><subsection><num>(7A)</num><content><p>Any other information required by subsection (1)(a) must relate to the state of affairs as at the end of the update period.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-6-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-6-paragraph-3-1"><num>(1)</num><content><p>Section 9 (application for removal) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-6-paragraph-3-2"><num>(2)</num><content><p><mod>In subsection (1)(b) and (c), for “statement and information mentioned” substitute <quotedText>“statements and information mentioned”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-6-paragraph-3-3"><num>(3)</num><intro><p>In subsection (3)—</p></intro><level class="para1" eId="schedule-6-paragraph-3-3-a"><num>(a)</num><content><p>omit the “and” at the end of paragraph (a);</p></content></level><level class="para1" eId="schedule-6-paragraph-3-3-b"><num>(b)</num><content><p><mod>at the end of paragraph (b) insert <quotedText startQuote="“">, and</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>the statement in row 1 of the table set out in subsection <ref href="#d28e36677">(4A)</ref>, or the statement and information listed in row 2 of that table.</p></content></level></quotedStructure></mod></p></content></level></subparagraph><subparagraph eId="schedule-6-paragraph-3-4"><num>(4)</num><intro><p>In subsection (4)—</p></intro><level class="para1" eId="schedule-6-paragraph-3-4-a"><num>(a)</num><content><p>omit the “and” at the end of paragraph (a);</p></content></level><level class="para1" eId="schedule-6-paragraph-3-4-b"><num>(b)</num><content><p><mod>at the end of paragraph (b) insert <quotedText startQuote="“">, and</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>in the case where the information provided under subsection (1)(c) includes information that a person who ceased to be a registrable beneficial owner was a trustee, the statement in row 1 of the table set out in subsection <ref href="#d28e36843">(4A)</ref>, or the statement and information listed in row 2 of that table.</p></content></level></quotedStructure></mod></p></content></level></subparagraph><subparagraph eId="schedule-6-paragraph-3-5"><num>(5)</num><content><p><mod>After subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e36843"><num>(4A)</num><content><p>This is the table referred to in subsections (3)(c) and (4)(c)—</p><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:6%"/><default:col span="1" style="width:52%"/><default:col span="1" style="width:42%"/><default:thead><default:tr><default:th/><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Information</p></default:th></default:tr></default:thead><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-color="black" fo:border-top-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">1</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">A statement that the entity has no reasonable cause to believe that anyone became or ceased to be a beneficiary under the trust at a time during the relevant period when the trustee was a registrable beneficial owner of the overseas entity.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"/></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">2</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">A statement that the entity has reasonable cause to believe that at least one person became or ceased to be a beneficiary under the trust at a time during the relevant period when the trustee was a registrable beneficial owner of the overseas entity.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-width="0.5pt" fo:border-left-color="black"><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered arabic period" ukl:Name="OrderedList" ukl:Type="arabic" ukl:Decoration="period"><item><num>1.</num><p>The information specified in paragraph 8(1)(d) of Schedule 1 about each such person, or so much of that information as the entity has been able to obtain.</p></item><item><num>2.</num><p>The date on which that person became or ceased to be a beneficiary under the trust, if the entity has been able to obtain that information.</p></item></blockList></default:td></default:tr></default:tbody></default:table></foreign></tblock></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-6-paragraph-3-6"><num>(6)</num><content><p><mod>In subsection (6), for “subsection (2)” substitute <quotedText>“this section”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-6-paragraph-3-7"><num>(7)</num><content><p><mod>For subsections (7) and (8) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7)</num><content><p>Any statements required by subsection (1)(b) or (c) must relate to the state of affairs as at the time of the application for removal.</p></content></subsection><subsection><num>(8)</num><intro><p>Any information—</p></intro><level class="para1"><num>(a)</num><content><p>required by subsection (1)(b) or (c) as a result of a person having become or ceased to be a beneficiary under a trust, or</p></content></level><level class="para1"><num>(b)</num><content><p>required by subsection (1)(c) as a result of a person having become or ceased to be a registrable beneficial owner of an overseas entity,</p></content></level><wrapUp><p>must relate to the time when the person so became or so ceased.</p></wrapUp></subsection><subsection><num>(8A)</num><content><p>Any other information required by subsection (1)(b) must relate to the state of affairs as at the time of the application for removal.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-6-paragraph-4" class="schProv1"><num>4</num><content><p><mod>For section 12 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>12</num><heading>Duty to take steps to obtain information</heading><subsection eId="d28e36946"><num>(1)</num><content><p>Before making an application for registration under section 4(1) an overseas entity must take reasonable steps to obtain all of the information that it is required to deliver to the registrar under that section if it is able to obtain it.</p></content></subsection><subsection eId="d28e36952"><num>(2)</num><content><p>Before complying with the updating duty under section 7 an overseas entity must take reasonable steps to obtain all of the information that it is required to deliver to the registrar under that section if it is able to obtain it.</p></content></subsection><subsection eId="d28e36958"><num>(3)</num><content><p>Before making an application for removal under section 9 an overseas entity must take reasonable steps to obtain all of the information that it is required to include in the application if it is able to obtain it.</p></content></subsection><subsection eId="d28e36964"><num>(4)</num><intro><p>The steps that an overseas entity must take by virtue of subsection <ref href="#d28e36946">(1)</ref>, <ref href="#d28e36952">(2)</ref> or <ref href="#d28e36958">(3)</ref> include giving a notice to any person that it knows, or has reasonable cause to believe, is a registrable beneficial owner in relation to the entity, requiring the person—</p></intro><level class="para1"><num>(a)</num><content><p>to state whether or not they are such a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>if they are, to provide or confirm information of the kind mentioned in subsection <ref href="#d28e36946">(1)</ref>, <ref href="#d28e36952">(2)</ref> or <ref href="#d28e36958">(3)</ref> so far as relating to the person, or a trust of which they are or were a trustee.</p></content></level></subsection><subsection eId="d28e37000"><num>(5)</num><intro><p>The steps that an overseas entity must take by virtue of subsection <ref href="#d28e36952">(2)</ref> or <ref href="#d28e36958">(3)</ref> also include giving a notice to any person that it knows, or has reasonable cause to believe, has ceased to be a registrable beneficial owner in relation to the entity during the update period (within the meaning of section 7) or relevant period (within the meaning of section 9), requiring the person—</p></intro><level class="para1"><num>(a)</num><content><p>to state whether or not they are such a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>if they are, to provide or confirm information of the kind mentioned in subsection <ref href="#d28e36952">(2)</ref> or <ref href="#d28e36958">(3)</ref> so far as relating to the person, or a trust of which they are or were a trustee.</p></content></level></subsection><subsection><num>(6)</num><content><p>A notice under subsection <ref href="#d28e36964">(4)</ref> or <ref href="#d28e37000">(5)</ref> must require the person to whom it is given to comply with the notice within the period of one month beginning with the day on which it is given.</p></content></subsection><subsection><num>(7)</num><content><p>A person given a notice under subsection <ref href="#d28e36964">(4)</ref> or <ref href="#d28e37000">(5)</ref> is not required by that notice to disclose any information in respect of which a claim to legal professional privilege or, in Scotland, confidentiality of communications, could be maintained in legal proceedings.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-6-paragraph-5" class="schProv1"><num>5</num><content><p><mod>In section 13, at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6)</num><content><p>A reference in this section to a person who is a registrable beneficial owner in relation to an overseas entity includes, in connection with the obtaining of information required by section 7(1)(b), 9(1)(c) or 42(1)(c)(i), a reference to a person who has ceased to be a registrable beneficial owner.</p></content></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-6-paragraph-6" class="schProv1"><num>6</num><content><p><mod>After section 17 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>17A</num><heading>Exceptions to duty to provide change of beneficiary information</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations provide for exceptions to the requirement to deliver information by virtue of section 7(3)(c) or (4)(c) or 9(3)(c) or (4)(c).</p></content></subsection><subsection><num>(2)</num><content><p>The Secretary of State must consult the Scottish Ministers before making regulations under subsection (1) that contain provision that would be within the legislative competence of the Scottish Parliament if contained in an Act of that Parliament.</p></content></subsection><subsection><num>(3)</num><intro><p>The Secretary of State must consult the Department of Finance in Northern Ireland before making regulations under subsection (1) that contain provision that—</p></intro><level class="para1"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level><level class="para1"><num>(b)</num><content><p>would not, if contained in a Bill for an Act of the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State under section 8 of the Northern Ireland Act 1998.</p></content></level></subsection><subsection><num>(4)</num><content><p>Regulations under subsection (1) are subject to the negative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-6-paragraph-7" class="schProv1"><num>7</num><content><p><mod>In section 43 (transitional information), after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><content><p>In subsection (1) the reference to section 12 is to that section as it had effect before the amendments made by Schedule 6 to the Economic Crime and Corporate Transparency Act 2023 (duty to deliver information about changes in beneficiaries).</p></content></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-6-paragraph-8" class="schProv1"><num>8</num><content><p>In section 44 (interpretation), omit subsection (2).</p></content></paragraph></hcontainer>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-6-paragraph-1" class="schProv1"><num>1</num><content><p>The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="schedule-6-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-6-paragraph-2-1"><num>(1)</num><content><p>Section 7 (updating duty) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-6-paragraph-2-2"><num>(2)</num><content><p><mod>In subsection (1)(a) and (b), for “statement and information mentioned” substitute <quotedText>“statements and information mentioned”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-6-paragraph-2-3"><num>(3)</num><intro><p>In subsection (3)—</p></intro><level class="para1" eId="schedule-6-paragraph-2-3-a"><num>(a)</num><content><p>omit the “and” at the end of paragraph (a);</p></content></level><level class="para1" eId="schedule-6-paragraph-2-3-b"><num>(b)</num><content><p><mod>at the end of paragraph (b) insert <quotedText startQuote="“">, and</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>the statement in row 1 of the table set out in subsection <ref href="#d28e36677">(4A)</ref>, or the statement and information listed in row 2 of that table.</p></content></level></quotedStructure></mod></p></content></level></subparagraph><subparagraph eId="schedule-6-paragraph-2-4"><num>(4)</num><intro><p>In subsection (4)—</p></intro><level class="para1" eId="schedule-6-paragraph-2-4-a"><num>(a)</num><content><p>omit the “and” at the end of paragraph (a);</p></content></level><level class="para1" eId="schedule-6-paragraph-2-4-b"><num>(b)</num><content><p><mod>at the end of paragraph (b) insert <quotedText startQuote="“">, and</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>in the case where the information provided under subsection (1)(b) includes information that a person who ceased to be a registrable beneficial owner was a trustee, the statement in row 1 of the table set out in subsection <ref href="#d28e36677">(4A)</ref>, or the statement and information listed in row 2 of that table.</p></content></level></quotedStructure></mod></p></content></level></subparagraph><subparagraph eId="schedule-6-paragraph-2-5"><num>(5)</num><content><p><mod>After subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e36677"><num>(4A)</num><content><p>This is the table referred to in subsections (3)(c) and (4)(c)—</p><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:6%"/><default:col span="1" style="width:52%"/><default:col span="1" style="width:42%"/><default:thead><default:tr><default:th/><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Information</p></default:th></default:tr></default:thead><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-color="black" fo:border-top-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">1</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">A statement that the entity has no reasonable cause to believe that anyone became or ceased to be a beneficiary under the trust at a time during the update period when the trustee was a registrable beneficial owner of the overseas entity.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"/></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">2</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">A statement that the entity has reasonable cause to believe that at least one person became or ceased to be a beneficiary under the trust at a time during the update period when the trustee was a registrable beneficial owner of the overseas entity.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-width="0.5pt" fo:border-left-color="black"><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered arabic period" ukl:Name="OrderedList" ukl:Type="arabic" ukl:Decoration="period"><item><num>1.</num><p>The information specified in paragraph 8(1)(d) of Schedule 1 about each such person, or so much of that information as the entity has been able to obtain.</p></item><item><num>2.</num><p>The date on which that person became or ceased to be a beneficiary under the trust, if the entity has been able to obtain that information.</p></item></blockList></default:td></default:tr></default:tbody></default:table></foreign></tblock></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-6-paragraph-2-6"><num>(6)</num><content><p><mod>For subsections (6) and (7) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6)</num><content><p>Any statements required by subsection (1)(a) or (b) must relate to the state of affairs as at the end of the update period.</p></content></subsection><subsection><num>(7)</num><intro><p>Any information—</p></intro><level class="para1"><num>(a)</num><content><p>required by subsection (1)(a) or (b) as a result of a person having become or ceased to be a beneficiary under a trust, or</p></content></level><level class="para1"><num>(b)</num><content><p>required by subsection (1)(b) as a result of a person having become or ceased to be a registrable beneficial owner of an overseas entity,</p></content></level><wrapUp><p>must relate to the time when the person so became or so ceased.</p></wrapUp></subsection><subsection><num>(7A)</num><content><p>Any other information required by subsection (1)(a) must relate to the state of affairs as at the end of the update period.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="schedule-6-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-6-paragraph-3-1"><num>(1)</num><content><p>Section 9 (application for removal) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-6-paragraph-3-2"><num>(2)</num><content><p><mod>In subsection (1)(b) and (c), for “statement and information mentioned” substitute <quotedText>“statements and information mentioned”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-6-paragraph-3-3"><num>(3)</num><intro><p>In subsection (3)—</p></intro><level class="para1" eId="schedule-6-paragraph-3-3-a"><num>(a)</num><content><p>omit the “and” at the end of paragraph (a);</p></content></level><level class="para1" eId="schedule-6-paragraph-3-3-b"><num>(b)</num><content><p><mod>at the end of paragraph (b) insert <quotedText startQuote="“">, and</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>the statement in row 1 of the table set out in subsection <ref href="#d28e36677">(4A)</ref>, or the statement and information listed in row 2 of that table.</p></content></level></quotedStructure></mod></p></content></level></subparagraph><subparagraph eId="schedule-6-paragraph-3-4"><num>(4)</num><intro><p>In subsection (4)—</p></intro><level class="para1" eId="schedule-6-paragraph-3-4-a"><num>(a)</num><content><p>omit the “and” at the end of paragraph (a);</p></content></level><level class="para1" eId="schedule-6-paragraph-3-4-b"><num>(b)</num><content><p><mod>at the end of paragraph (b) insert <quotedText startQuote="“">, and</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>in the case where the information provided under subsection (1)(c) includes information that a person who ceased to be a registrable beneficial owner was a trustee, the statement in row 1 of the table set out in subsection <ref href="#d28e36843">(4A)</ref>, or the statement and information listed in row 2 of that table.</p></content></level></quotedStructure></mod></p></content></level></subparagraph><subparagraph eId="schedule-6-paragraph-3-5"><num>(5)</num><content><p><mod>After subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e36843"><num>(4A)</num><content><p>This is the table referred to in subsections (3)(c) and (4)(c)—</p><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:6%"/><default:col span="1" style="width:52%"/><default:col span="1" style="width:42%"/><default:thead><default:tr><default:th/><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Information</p></default:th></default:tr></default:thead><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-color="black" fo:border-top-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">1</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">A statement that the entity has no reasonable cause to believe that anyone became or ceased to be a beneficiary under the trust at a time during the relevant period when the trustee was a registrable beneficial owner of the overseas entity.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"/></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">2</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">A statement that the entity has reasonable cause to believe that at least one person became or ceased to be a beneficiary under the trust at a time during the relevant period when the trustee was a registrable beneficial owner of the overseas entity.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-width="0.5pt" fo:border-left-color="black"><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered arabic period" ukl:Name="OrderedList" ukl:Type="arabic" ukl:Decoration="period"><item><num>1.</num><p>The information specified in paragraph 8(1)(d) of Schedule 1 about each such person, or so much of that information as the entity has been able to obtain.</p></item><item><num>2.</num><p>The date on which that person became or ceased to be a beneficiary under the trust, if the entity has been able to obtain that information.</p></item></blockList></default:td></default:tr></default:tbody></default:table></foreign></tblock></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-6-paragraph-3-6"><num>(6)</num><content><p><mod>In subsection (6), for “subsection (2)” substitute <quotedText>“this section”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-6-paragraph-3-7"><num>(7)</num><content><p><mod>For subsections (7) and (8) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7)</num><content><p>Any statements required by subsection (1)(b) or (c) must relate to the state of affairs as at the time of the application for removal.</p></content></subsection><subsection><num>(8)</num><intro><p>Any information—</p></intro><level class="para1"><num>(a)</num><content><p>required by subsection (1)(b) or (c) as a result of a person having become or ceased to be a beneficiary under a trust, or</p></content></level><level class="para1"><num>(b)</num><content><p>required by subsection (1)(c) as a result of a person having become or ceased to be a registrable beneficial owner of an overseas entity,</p></content></level><wrapUp><p>must relate to the time when the person so became or so ceased.</p></wrapUp></subsection><subsection><num>(8A)</num><content><p>Any other information required by subsection (1)(b) must relate to the state of affairs as at the time of the application for removal.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-6-paragraph-4" class="schProv1"><num>4</num><content><p><mod>For section 12 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>12</num><heading>Duty to take steps to obtain information</heading><subsection eId="d28e36946"><num>(1)</num><content><p>Before making an application for registration under section 4(1) an overseas entity must take reasonable steps to obtain all of the information that it is required to deliver to the registrar under that section if it is able to obtain it.</p></content></subsection><subsection eId="d28e36952"><num>(2)</num><content><p>Before complying with the updating duty under section 7 an overseas entity must take reasonable steps to obtain all of the information that it is required to deliver to the registrar under that section if it is able to obtain it.</p></content></subsection><subsection eId="d28e36958"><num>(3)</num><content><p>Before making an application for removal under section 9 an overseas entity must take reasonable steps to obtain all of the information that it is required to include in the application if it is able to obtain it.</p></content></subsection><subsection eId="d28e36964"><num>(4)</num><intro><p>The steps that an overseas entity must take by virtue of subsection <ref href="#d28e36946">(1)</ref>, <ref href="#d28e36952">(2)</ref> or <ref href="#d28e36958">(3)</ref> include giving a notice to any person that it knows, or has reasonable cause to believe, is a registrable beneficial owner in relation to the entity, requiring the person—</p></intro><level class="para1"><num>(a)</num><content><p>to state whether or not they are such a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>if they are, to provide or confirm information of the kind mentioned in subsection <ref href="#d28e36946">(1)</ref>, <ref href="#d28e36952">(2)</ref> or <ref href="#d28e36958">(3)</ref> so far as relating to the person, or a trust of which they are or were a trustee.</p></content></level></subsection><subsection eId="d28e37000"><num>(5)</num><intro><p>The steps that an overseas entity must take by virtue of subsection <ref href="#d28e36952">(2)</ref> or <ref href="#d28e36958">(3)</ref> also include giving a notice to any person that it knows, or has reasonable cause to believe, has ceased to be a registrable beneficial owner in relation to the entity during the update period (within the meaning of section 7) or relevant period (within the meaning of section 9), requiring the person—</p></intro><level class="para1"><num>(a)</num><content><p>to state whether or not they are such a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>if they are, to provide or confirm information of the kind mentioned in subsection <ref href="#d28e36952">(2)</ref> or <ref href="#d28e36958">(3)</ref> so far as relating to the person, or a trust of which they are or were a trustee.</p></content></level></subsection><subsection><num>(6)</num><content><p>A notice under subsection <ref href="#d28e36964">(4)</ref> or <ref href="#d28e37000">(5)</ref> must require the person to whom it is given to comply with the notice within the period of one month beginning with the day on which it is given.</p></content></subsection><subsection><num>(7)</num><content><p>A person given a notice under subsection <ref href="#d28e36964">(4)</ref> or <ref href="#d28e37000">(5)</ref> is not required by that notice to disclose any information in respect of which a claim to legal professional privilege or, in Scotland, confidentiality of communications, could be maintained in legal proceedings.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-6-paragraph-5" class="schProv1"><num>5</num><content><p><mod>In section 13, at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6)</num><content><p>A reference in this section to a person who is a registrable beneficial owner in relation to an overseas entity includes, in connection with the obtaining of information required by section 7(1)(b), 9(1)(c) or 42(1)(c)(i), a reference to a person who has ceased to be a registrable beneficial owner.</p></content></subsection></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-6-paragraph-6" class="schProv1"><num>6</num><content><p><mod>After section 17 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>17A</num><heading>Exceptions to duty to provide change of beneficiary information</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations provide for exceptions to the requirement to deliver information by virtue of section 7(3)(c) or (4)(c) or 9(3)(c) or (4)(c).</p></content></subsection><subsection><num>(2)</num><content><p>The Secretary of State must consult the Scottish Ministers before making regulations under subsection (1) that contain provision that would be within the legislative competence of the Scottish Parliament if contained in an Act of that Parliament.</p></content></subsection><subsection><num>(3)</num><intro><p>The Secretary of State must consult the Department of Finance in Northern Ireland before making regulations under subsection (1) that contain provision that—</p></intro><level class="para1"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level><level class="para1"><num>(b)</num><content><p>would not, if contained in a Bill for an Act of the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State under section 8 of the Northern Ireland Act 1998.</p></content></level></subsection><subsection><num>(4)</num><content><p>Regulations under subsection (1) are subject to the negative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-6-paragraph-7" class="schProv1"><num>7</num><content><p><mod>In section 43 (transitional information), after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><content><p>In subsection (1) the reference to section 12 is to that section as it had effect before the amendments made by Schedule 6 to the Economic Crime and Corporate Transparency Act 2023 (duty to deliver information about changes in beneficiaries).</p></content></subsection></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-6-paragraph-8" class="schProv1"><num>8</num><content><p>In section 44 (interpretation), omit subsection (2).</p></content></paragraph>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" name="schedule" eId="schedule-7"><num>SCHEDULE 7<authorialNote class="referenceNote"><p>Section 174</p></authorialNote></num><heading>Overseas entities: further information for transitional cases</heading><paragraph eId="schedule-7-paragraph-1" class="schProv1"><num>1</num><content><p>The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows.</p></content></paragraph><paragraph eId="schedule-7-paragraph-2" class="schProv1"><num>2</num><content><p><mod>In section 16 (verification of registrable beneficial owners and managing officers), in subsection (1), after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>complies with the duty under Schedule 6 (duty to deliver further information about transitional period).</p></content></level></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-7-paragraph-3" class="schProv1"><num>3</num><content><p><mod>After section 43 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>43A</num><heading>Duty to deliver further information for transitional cases</heading><content><p>Schedule 6 (duty to deliver further information for transitional cases) imposes further duties on overseas entities to deliver information.</p></content></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-7-paragraph-4" class="schProv1"><num>4</num><content><p><mod>After Schedule 5 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="schedule"><num>SCHEDULE 6</num><heading>Duty to deliver further information for transitional cases</heading><hcontainer name="crossheading" class="schGroup7"><heading>Application of this Schedule</heading><paragraph class="schProv1"><num>1</num><subparagraph eId="d28e37209"><num>(1)</num><intro><p>This Schedule applies in relation to an overseas entity if—</p></intro><level class="para1"><num>(a)</num><intro><p>the entity—</p></intro><level class="para2"><num>(i)</num><content><p>is registered as an overseas entity when this Schedule comes into force or has been so registered at any earlier time, and</p></content></level><level class="para2"><num>(ii)</num><content><p>was registered as the proprietor of a relevant interest in land in England and Wales or Scotland at any time during the relevant period, or</p></content></level></level><level class="para1"><num>(b)</num><content><p>the entity has committed an offence under paragraph 5 of Schedule 3 or paragraph 10 of Schedule 4 (duty to register as overseas entity in certain transitional cases).</p></content></level></subparagraph><subparagraph><num>(2)</num><intro><p>For the purposes of sub-paragraph <ref href="#d28e37209">(1)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>an overseas entity is registered as the proprietor of a relevant interest in land in England and Wales if the entity is registered in the register of title kept under the Land Registration Act 2002 as the proprietor of a qualifying estate within the meaning of Schedule 4A to that Act;</p></content></level><level class="para1" eId="d28e37254"><num>(b)</num><intro><p>an overseas entity is registered as the proprietor of a relevant interest in land in Scotland if the entity—</p></intro><level class="para2"><num>(i)</num><content><p>is entered, on or after 8 December 2014, as proprietor in the proprietorship section of the title sheet for a plot of land that is registered in the Land Register of Scotland,</p></content></level><level class="para2"><num>(ii)</num><content><p>in relation to a lease that was recorded in the General Register of Sasines or registered in the Land Register of Scotland before that date is, by virtue of an assignation of the lease registered in the Land Register of Scotland on or after that date, the tenant under the lease, or</p></content></level><level class="para2"><num>(iii)</num><content><p>is the tenant under a lease that was registered in the Land Register of Scotland on or after that date.</p></content></level></level></subparagraph><subparagraph><num>(3)</num><content><p>Expressions used in sub-paragraph <ref href="#d28e37254">(2)(b)</ref> are to be construed in accordance with section 9(11) and (12).</p></content></subparagraph><subparagraph><num>(4)</num><intro><p>In this Schedule “<term refersTo="#term-the-relevant-period">the relevant period</term>” means the period—</p></intro><level class="para1"><num>(a)</num><content><p>beginning with 28 February 2022;</p></content></level><level class="para1"><num>(b)</num><content><p>ending with 31 January 2023.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Duty to deliver statements and information</heading><paragraph eId="d28e37311" class="schProv1"><num>2</num><subparagraph eId="d28e37315"><num>(1)</num><intro><p>The overseas entity must deliver to the registrar—</p></intro><level class="para1"><num>(a)</num><content><p>any statements or information required by—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>paragraph <ref href="#d28e37397">3</ref> (changes in beneficial ownership of overseas entity),</p></item><item><p>paragraph <ref href="#d28e37483">4</ref> (information about trusts and changes in beneficiaries under trusts), and</p></item><item><p>paragraph <ref href="#d28e37611">5</ref> (information about changes in trusts in which beneficial owners trustees),</p></item></blockList></content></level><level class="para1"><num>(b)</num><content><p>a statement that the entity has complied with paragraph <ref href="#d28e37741">8</ref> of this Schedule (duty to take steps to obtain information),</p></content></level><level class="para1"><num>(c)</num><content><p>anything required by regulations under section 16 (verification of information) to be delivered to the registrar, and</p></content></level><level class="para1"><num>(d)</num><content><p>the name and contact details of an individual who may be contacted about the statements and information.</p></content></level></subparagraph><subparagraph><num>(2)</num><intro><p>If an overseas entity is registered as an overseas entity when this Schedule comes into force it must deliver the statements and information required by this Schedule—</p></intro><level class="para1"><num>(a)</num><content><p>at the same time as it delivers the statements and information required by section 7 on the first occasion after the end of the period of 3 months beginning with the day on which this Schedule comes into force, or</p></content></level><level class="para1"><num>(b)</num><content><p>if it applies under section 9 for removal before then, at the same time as it delivers the statements and information required by that section.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>If an overseas entity is not registered as an overseas entity when this Schedule comes into force it must deliver the statements and information required by this Schedule within the period of 3 months beginning when it comes into force.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Information about changes in beneficial ownership</heading><paragraph eId="d28e37397" class="schProv1"><num>3</num><subparagraph eId="d28e37401"><num>(1)</num><content><p>The overseas entity must deliver to the registrar the statement in row 1 of the following table or the statement and information listed in row 2.</p><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:6%"/><default:col span="1" style="width:52%"/><default:col span="1" style="width:42%"/><default:thead><default:tr><default:th/><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Information</p></default:th></default:tr></default:thead><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-color="black" fo:border-top-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">1</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">A statement that the entity has noreasonable cause to believe that anyone became or ceased to be a registrable beneficial owner during the relevant period.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"/></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">2</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">A statement that the entity has reasonable cause to believe that at least one person became or ceased to be a registrable beneficial owner during the relevant period.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-width="0.5pt" fo:border-left-color="black"><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered arabic period" ukl:Name="OrderedList" ukl:Type="arabic" ukl:Decoration="period"><item><num>1.</num><p>The required information about each person who became or ceased to be a registrable beneficial owner during the relevant period, or so much of that information as the entity has been able to obtain.</p></item><item><num>2.</num><p>The date on which each of them became or ceased to be a registrable beneficial owner, if the entity has been able to obtain that information.</p></item></blockList></default:td></default:tr></default:tbody></default:table></foreign></tblock></content></subparagraph><subparagraph><num>(2)</num><intro><p>Where the information provided under sub-paragraph <ref href="#d28e37401">(1)</ref> includes information that the person who became or ceased to be a registrable beneficial owner was a registrable beneficial owner by virtue of being a trustee (see paragraphs 3(1)(f) and 5(1)(h) of Schedule 1), the overseas entity must also deliver to the registrar—</p></intro><level class="para1"><num>(a)</num><content><p>the required information about the trust or so much of that information as the overseas entity has been able to obtain, and</p></content></level><level class="para1"><num>(b)</num><content><p>a statement as to whether the entity has any reasonable cause to believe that there is required information about the trust that it has not been able to obtain.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>Statements required by this paragraph to be delivered to the registrar must relate to the time when they are delivered.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>Information required by this paragraph to be delivered to the registrar as a result of a person having become or ceased to be a registrable beneficial owner must relate to the state of affairs when the person became or ceased be a registrable beneficial owner.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>For the required information, see Schedule 1.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Information about trusts and changes in beneficiaries</heading><paragraph eId="d28e37483" class="schProv1"><num>4</num><subparagraph eId="d28e37487"><num>(1)</num><intro><p>The overseas entity must deliver to the registrar—</p></intro><level class="para1"><num>(a)</num><content><p>a statement that the entity has no reasonable cause to believe that there is any person who, at the end of the relevant period, was a registrable beneficial owner of the entity by virtue of being a trustee, or</p></content></level><level class="para1" eId="d28e37499"><num>(b)</num><content><p>a statement that the entity has reasonable cause to believe that there is at least one such person.</p></content></level></subparagraph><subparagraph><num>(2)</num><intro><p>Where a statement is delivered under sub-paragraph <ref href="#d28e37499">(1)(b)</ref> the overseas entity must also deliver to the registrar —</p></intro><level class="para1" eId="d28e37514"><num>(a)</num><content><p>the required information about each trust (a “relevant trust”) by virtue of which a trustee was a registrable beneficial owner of the entity at the end of the relevant period,</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to each relevant trust, a statement as to whether the entity has any reasonable cause to believe that there is required information about the trust that it has not been able to obtain, and</p></content></level><level class="para1" eId="d28e37526"><num>(c)</num><content><p>in relation to each relevant trust, the statement in row 1 of the table set out in sub-paragraph <ref href="#d28e37535">(3)</ref>, or the statement and information listed in row 2 of that table.</p></content></level></subparagraph><subparagraph eId="d28e37535"><num>(3)</num><content><p>This is the table referred to in sub-paragraph <ref href="#d28e37526">(2)(c)</ref>—</p><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:6%"/><default:col span="1" style="width:52%"/><default:col span="1" style="width:42%"/><default:thead><default:tr><default:th/><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Information</p></default:th></default:tr></default:thead><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-color="black" fo:border-top-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">1</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">A statement that the entity has no reasonable cause to believe that anyone became or ceased to be a beneficiary under the trust during the relevant period.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"/></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">2</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">A statement that the entity has reasonable cause to believe that at least one person became or ceased to be a beneficiary under the trust during the relevant period.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-width="0.5pt" fo:border-left-color="black"><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered arabic period" ukl:Name="OrderedList" ukl:Type="arabic" ukl:Decoration="period"><item><num>1.</num><p>The information specified in paragraph 8(1)(d) of Schedule 1 about each person who became or ceased to be a beneficiary under the trust during the relevant period, or so much of that information as the entity has been able to obtain.</p></item><item><num>2.</num><p>The date on which each of them became or ceased to be a beneficiary under the trust, if the entity has been able to obtain that information.</p></item></blockList></default:td></default:tr></default:tbody></default:table></foreign></tblock></content></subparagraph><subparagraph><num>(4)</num><content><p>Statements required by this paragraph to be delivered to the registrar must relate to the time when they are delivered.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>Information required by sub-paragraph <ref href="#d28e37514">(2)(a)</ref> to be delivered to the registrar must relate to the state of affairs at the end of the relevant period.</p></content></subparagraph><subparagraph><num>(6)</num><content><p>Information required by sub-paragraph <ref href="#d28e37526">(2)(c)</ref> to be delivered to the registrar as a result of a person having become or ceased to be a beneficiary under a trust must relate to the state of affairs when the person became or ceased be a beneficiary.</p></content></subparagraph><subparagraph><num>(7)</num><content><p>For the required information, see Schedule 1.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Information about changes in trusts of which registrable beneficial owners trustees</heading><paragraph eId="d28e37611" class="schProv1"><num>5</num><subparagraph><num>(1)</num><intro><p>The overseas entity must deliver to the registrar—</p></intro><level class="para1" eId="d28e37621"><num>(a)</num><intro><p>a statement that the entity has no reasonable cause to believe that there is any person who—</p></intro><level class="para2"><num>(i)</num><content><p>at the end of the relevant period, was a registrable beneficial owner of the entity by virtue of being a trustee of a trust,</p></content></level><level class="para2" eId="d28e37633"><num>(ii)</num><content><p>at any time during the relevant period was a registrable beneficial owner by virtue of being a trustee of a different trust, and</p></content></level><level class="para2"><num>(iii)</num><content><p>at the end of the relevant period was not a registrable beneficial owner of the entity by virtue of being a trustee of the trust mentioned in sub-paragraph <ref href="#d28e37633">(ii)</ref>, or</p></content></level></level><level class="para1" eId="d28e37648"><num>(b)</num><content><p>a statement that the entity has reasonable cause to believe that there is at least one such person.</p></content></level></subparagraph><subparagraph><num>(2)</num><intro><p>Where a statement is delivered under sub-paragraph <ref href="#d28e37648">(1)(b)</ref> the overseas entity must deliver to the registrar—</p></intro><level class="para1" eId="d28e37663"><num>(a)</num><content><p>the required information about each trust by virtue of which a trustee was a registrable beneficial owner of the entity at any time during the relevant period, or so much of that information as the overseas entity has been able to obtain, and</p></content></level><level class="para1" eId="d28e37669"><num>(b)</num><content><p>in relation to each such trust, a statement as to whether the entity has any reasonable cause to believe that there is required information about the trust that it has not been able to obtain.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>Statements required by this paragraph to be delivered to the registrar must relate to the time when they are delivered.</p></content></subparagraph><subparagraph><num>(4)</num><intro><p>Information required by sub-paragraph <ref href="#d28e37663">(2)(a)</ref> to be delivered to the registrar must relate to the state of affairs—</p></intro><level class="para1"><num>(a)</num><content><p>at the beginning of the relevant period, if the registrable beneficial owner was a trustee of the trust at that time, and</p></content></level><level class="para1"><num>(b)</num><content><p>otherwise, at the time at which the registrable beneficial owner became a trustee of the trust.</p></content></level></subparagraph><subparagraph><num>(5)</num><content><p>For the required information, see Schedule 1.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Compliance by confirmation of information previously provided</heading><paragraph class="schProv1"><num>6</num><content><p>A requirement imposed by paragraphs <ref href="#d28e37311">2</ref> to <ref href="#d28e37611">5</ref> to provide information may be met (in whole or in part) by confirming information previously provided.</p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Failure to comply with this Schedule</heading><paragraph class="schProv1"><num>7</num><content><p>Section 8 (offence of failure to comply with updating duty) applies in relation to a failure to comply with a duty imposed by paragraphs <ref href="#d28e37311">2</ref> to <ref href="#d28e37611">5</ref> of this Schedule as it applies in relation to a failure to comply with section 7.</p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Obtaining information</heading><paragraph eId="d28e37741" class="schProv1"><num>8</num><subparagraph><num>(1)</num><content><p>An overseas entity must comply with this paragraph before complying with the requirements imposed by paragraphs <ref href="#d28e37311">2</ref> to <ref href="#d28e37611">5</ref>.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>The entity must take reasonable steps—</p></intro><level class="para1"><num>(a)</num><content><p>to identify anyone who became or ceased to be a registrable beneficial owner during the relevant period, and</p></content></level><level class="para1"><num>(b)</num><intro><p>if it identities any such person, to obtain—</p></intro><level class="para2"><num>(i)</num><content><p>the information mentioned in row 2 of column 2 of the table in paragraph 3(1), and</p></content></level><level class="para2"><num>(ii)</num><content><p>in the case of anyone mentioned in paragraph 3(2), the information mentioned there.</p></content></level></level></subparagraph><subparagraph><num>(3)</num><intro><p>The entity must take reasonable steps—</p></intro><level class="para1"><num>(a)</num><content><p>to identify any person who, at the end relevant period, was a registrable beneficial owner by virtue of being a trustee, and</p></content></level><level class="para1"><num>(b)</num><intro><p>if it identities any such person, to obtain —</p></intro><level class="para2"><num>(i)</num><content><p>the information mentioned in paragraph 4(2)(a) about the relevant trust,</p></content></level><level class="para2"><num>(ii)</num><content><p>information as to whether anyone became or ceased to be a beneficiary under the relevant trust during the relevant period (a “relevant beneficiary”), and</p></content></level><level class="para2"><num>(iii)</num><content><p>the information mentioned in row 2 of column 2 of the table in paragraph 4(3) in relation to any relevant beneficiary.</p></content></level></level></subparagraph><subparagraph><num>(4)</num><intro><p>The entity must take reasonable steps—</p></intro><level class="para1"><num>(a)</num><content><p>to identify any person who falls within paragraph 5(1)(a)(i) to (iii), and</p></content></level><level class="para1"><num>(b)</num><content><p>if it identifies any such person, to obtain the information mentioned in paragraph 5(2)(a).</p></content></level></subparagraph><subparagraph><num>(5)</num><content><p>The steps that an overseas entity must take by virtue of this paragraph include giving an information notice under this paragraph to any person that it knows, or has reasonable cause to believe, falls within sub-paragraph (2)(a), (3)(a) or (4)(a).</p></content></subparagraph><subparagraph><num>(6)</num><content><p>An information notice under this paragraph is a notice requiring the recipient to provide the information mentioned in sub-paragraph (2)(b), (3)(b) or (4)(b).</p></content></subparagraph><subparagraph><num>(7)</num><content><p>Sections 15 to 15B (offences) apply in relation to information notices under this paragraph as they apply in relation to information notices under section 12.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Power to exclude descriptions of registrable beneficial owner</heading><paragraph class="schProv1"><num>9</num><subparagraph><num>(1)</num><content><p>The Secretary of State may by regulations provide that, for the purposes of any provision of this Schedule specified in the regulations, a person of a description so specified is not to be treated as a registrable beneficial owner of an overseas entity.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>No regulations may be made under sub-paragraph (1) after the end of the period of two years beginning with the day on which the Economic Crime and Corporate Transparency Act 2023 is passed.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>The Secretary of State must consult the Scottish Ministers before making regulations under sub-paragraph (1) that contain provision that would be within the legislative competence of the Scottish Parliament if contained in an Act of that Parliament.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>Regulations under sub-paragraph (1) are subject to the negative resolution procedure.</p></content></subparagraph></paragraph></hcontainer></hcontainer></quotedStructure></mod></p></content></paragraph></hcontainer>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-7-paragraph-1" class="schProv1"><num>1</num><content><p>The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-7-paragraph-2" class="schProv1"><num>2</num><content><p><mod>In section 16 (verification of registrable beneficial owners and managing officers), in subsection (1), after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>complies with the duty under Schedule 6 (duty to deliver further information about transitional period).</p></content></level></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-7-paragraph-3" class="schProv1"><num>3</num><content><p><mod>After section 43 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>43A</num><heading>Duty to deliver further information for transitional cases</heading><content><p>Schedule 6 (duty to deliver further information for transitional cases) imposes further duties on overseas entities to deliver information.</p></content></section></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="schedule-7-paragraph-4" class="schProv1"><num>4</num><content><p><mod>After Schedule 5 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="schedule"><num>SCHEDULE 6</num><heading>Duty to deliver further information for transitional cases</heading><hcontainer name="crossheading" class="schGroup7"><heading>Application of this Schedule</heading><paragraph class="schProv1"><num>1</num><subparagraph eId="d28e37209"><num>(1)</num><intro><p>This Schedule applies in relation to an overseas entity if—</p></intro><level class="para1"><num>(a)</num><intro><p>the entity—</p></intro><level class="para2"><num>(i)</num><content><p>is registered as an overseas entity when this Schedule comes into force or has been so registered at any earlier time, and</p></content></level><level class="para2"><num>(ii)</num><content><p>was registered as the proprietor of a relevant interest in land in England and Wales or Scotland at any time during the relevant period, or</p></content></level></level><level class="para1"><num>(b)</num><content><p>the entity has committed an offence under paragraph 5 of Schedule 3 or paragraph 10 of Schedule 4 (duty to register as overseas entity in certain transitional cases).</p></content></level></subparagraph><subparagraph><num>(2)</num><intro><p>For the purposes of sub-paragraph <ref href="#d28e37209">(1)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>an overseas entity is registered as the proprietor of a relevant interest in land in England and Wales if the entity is registered in the register of title kept under the Land Registration Act 2002 as the proprietor of a qualifying estate within the meaning of Schedule 4A to that Act;</p></content></level><level class="para1" eId="d28e37254"><num>(b)</num><intro><p>an overseas entity is registered as the proprietor of a relevant interest in land in Scotland if the entity—</p></intro><level class="para2"><num>(i)</num><content><p>is entered, on or after 8 December 2014, as proprietor in the proprietorship section of the title sheet for a plot of land that is registered in the Land Register of Scotland,</p></content></level><level class="para2"><num>(ii)</num><content><p>in relation to a lease that was recorded in the General Register of Sasines or registered in the Land Register of Scotland before that date is, by virtue of an assignation of the lease registered in the Land Register of Scotland on or after that date, the tenant under the lease, or</p></content></level><level class="para2"><num>(iii)</num><content><p>is the tenant under a lease that was registered in the Land Register of Scotland on or after that date.</p></content></level></level></subparagraph><subparagraph><num>(3)</num><content><p>Expressions used in sub-paragraph <ref href="#d28e37254">(2)(b)</ref> are to be construed in accordance with section 9(11) and (12).</p></content></subparagraph><subparagraph><num>(4)</num><intro><p>In this Schedule “<term refersTo="#term-the-relevant-period">the relevant period</term>” means the period—</p></intro><level class="para1"><num>(a)</num><content><p>beginning with 28 February 2022;</p></content></level><level class="para1"><num>(b)</num><content><p>ending with 31 January 2023.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Duty to deliver statements and information</heading><paragraph eId="d28e37311" class="schProv1"><num>2</num><subparagraph eId="d28e37315"><num>(1)</num><intro><p>The overseas entity must deliver to the registrar—</p></intro><level class="para1"><num>(a)</num><content><p>any statements or information required by—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>paragraph <ref href="#d28e37397">3</ref> (changes in beneficial ownership of overseas entity),</p></item><item><p>paragraph <ref href="#d28e37483">4</ref> (information about trusts and changes in beneficiaries under trusts), and</p></item><item><p>paragraph <ref href="#d28e37611">5</ref> (information about changes in trusts in which beneficial owners trustees),</p></item></blockList></content></level><level class="para1"><num>(b)</num><content><p>a statement that the entity has complied with paragraph <ref href="#d28e37741">8</ref> of this Schedule (duty to take steps to obtain information),</p></content></level><level class="para1"><num>(c)</num><content><p>anything required by regulations under section 16 (verification of information) to be delivered to the registrar, and</p></content></level><level class="para1"><num>(d)</num><content><p>the name and contact details of an individual who may be contacted about the statements and information.</p></content></level></subparagraph><subparagraph><num>(2)</num><intro><p>If an overseas entity is registered as an overseas entity when this Schedule comes into force it must deliver the statements and information required by this Schedule—</p></intro><level class="para1"><num>(a)</num><content><p>at the same time as it delivers the statements and information required by section 7 on the first occasion after the end of the period of 3 months beginning with the day on which this Schedule comes into force, or</p></content></level><level class="para1"><num>(b)</num><content><p>if it applies under section 9 for removal before then, at the same time as it delivers the statements and information required by that section.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>If an overseas entity is not registered as an overseas entity when this Schedule comes into force it must deliver the statements and information required by this Schedule within the period of 3 months beginning when it comes into force.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Information about changes in beneficial ownership</heading><paragraph eId="d28e37397" class="schProv1"><num>3</num><subparagraph eId="d28e37401"><num>(1)</num><content><p>The overseas entity must deliver to the registrar the statement in row 1 of the following table or the statement and information listed in row 2.</p><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:6%"/><default:col span="1" style="width:52%"/><default:col span="1" style="width:42%"/><default:thead><default:tr><default:th/><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Information</p></default:th></default:tr></default:thead><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-color="black" fo:border-top-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">1</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">A statement that the entity has noreasonable cause to believe that anyone became or ceased to be a registrable beneficial owner during the relevant period.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"/></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">2</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">A statement that the entity has reasonable cause to believe that at least one person became or ceased to be a registrable beneficial owner during the relevant period.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-width="0.5pt" fo:border-left-color="black"><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered arabic period" ukl:Name="OrderedList" ukl:Type="arabic" ukl:Decoration="period"><item><num>1.</num><p>The required information about each person who became or ceased to be a registrable beneficial owner during the relevant period, or so much of that information as the entity has been able to obtain.</p></item><item><num>2.</num><p>The date on which each of them became or ceased to be a registrable beneficial owner, if the entity has been able to obtain that information.</p></item></blockList></default:td></default:tr></default:tbody></default:table></foreign></tblock></content></subparagraph><subparagraph><num>(2)</num><intro><p>Where the information provided under sub-paragraph <ref href="#d28e37401">(1)</ref> includes information that the person who became or ceased to be a registrable beneficial owner was a registrable beneficial owner by virtue of being a trustee (see paragraphs 3(1)(f) and 5(1)(h) of Schedule 1), the overseas entity must also deliver to the registrar—</p></intro><level class="para1"><num>(a)</num><content><p>the required information about the trust or so much of that information as the overseas entity has been able to obtain, and</p></content></level><level class="para1"><num>(b)</num><content><p>a statement as to whether the entity has any reasonable cause to believe that there is required information about the trust that it has not been able to obtain.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>Statements required by this paragraph to be delivered to the registrar must relate to the time when they are delivered.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>Information required by this paragraph to be delivered to the registrar as a result of a person having become or ceased to be a registrable beneficial owner must relate to the state of affairs when the person became or ceased be a registrable beneficial owner.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>For the required information, see Schedule 1.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Information about trusts and changes in beneficiaries</heading><paragraph eId="d28e37483" class="schProv1"><num>4</num><subparagraph eId="d28e37487"><num>(1)</num><intro><p>The overseas entity must deliver to the registrar—</p></intro><level class="para1"><num>(a)</num><content><p>a statement that the entity has no reasonable cause to believe that there is any person who, at the end of the relevant period, was a registrable beneficial owner of the entity by virtue of being a trustee, or</p></content></level><level class="para1" eId="d28e37499"><num>(b)</num><content><p>a statement that the entity has reasonable cause to believe that there is at least one such person.</p></content></level></subparagraph><subparagraph><num>(2)</num><intro><p>Where a statement is delivered under sub-paragraph <ref href="#d28e37499">(1)(b)</ref> the overseas entity must also deliver to the registrar —</p></intro><level class="para1" eId="d28e37514"><num>(a)</num><content><p>the required information about each trust (a “relevant trust”) by virtue of which a trustee was a registrable beneficial owner of the entity at the end of the relevant period,</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to each relevant trust, a statement as to whether the entity has any reasonable cause to believe that there is required information about the trust that it has not been able to obtain, and</p></content></level><level class="para1" eId="d28e37526"><num>(c)</num><content><p>in relation to each relevant trust, the statement in row 1 of the table set out in sub-paragraph <ref href="#d28e37535">(3)</ref>, or the statement and information listed in row 2 of that table.</p></content></level></subparagraph><subparagraph eId="d28e37535"><num>(3)</num><content><p>This is the table referred to in sub-paragraph <ref href="#d28e37526">(2)(c)</ref>—</p><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:6%"/><default:col span="1" style="width:52%"/><default:col span="1" style="width:42%"/><default:thead><default:tr><default:th/><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Information</p></default:th></default:tr></default:thead><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-color="black" fo:border-top-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">1</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">A statement that the entity has no reasonable cause to believe that anyone became or ceased to be a beneficiary under the trust during the relevant period.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"/></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">2</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">A statement that the entity has reasonable cause to believe that at least one person became or ceased to be a beneficiary under the trust during the relevant period.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-width="0.5pt" fo:border-left-color="black"><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered arabic period" ukl:Name="OrderedList" ukl:Type="arabic" ukl:Decoration="period"><item><num>1.</num><p>The information specified in paragraph 8(1)(d) of Schedule 1 about each person who became or ceased to be a beneficiary under the trust during the relevant period, or so much of that information as the entity has been able to obtain.</p></item><item><num>2.</num><p>The date on which each of them became or ceased to be a beneficiary under the trust, if the entity has been able to obtain that information.</p></item></blockList></default:td></default:tr></default:tbody></default:table></foreign></tblock></content></subparagraph><subparagraph><num>(4)</num><content><p>Statements required by this paragraph to be delivered to the registrar must relate to the time when they are delivered.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>Information required by sub-paragraph <ref href="#d28e37514">(2)(a)</ref> to be delivered to the registrar must relate to the state of affairs at the end of the relevant period.</p></content></subparagraph><subparagraph><num>(6)</num><content><p>Information required by sub-paragraph <ref href="#d28e37526">(2)(c)</ref> to be delivered to the registrar as a result of a person having become or ceased to be a beneficiary under a trust must relate to the state of affairs when the person became or ceased be a beneficiary.</p></content></subparagraph><subparagraph><num>(7)</num><content><p>For the required information, see Schedule 1.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Information about changes in trusts of which registrable beneficial owners trustees</heading><paragraph eId="d28e37611" class="schProv1"><num>5</num><subparagraph><num>(1)</num><intro><p>The overseas entity must deliver to the registrar—</p></intro><level class="para1" eId="d28e37621"><num>(a)</num><intro><p>a statement that the entity has no reasonable cause to believe that there is any person who—</p></intro><level class="para2"><num>(i)</num><content><p>at the end of the relevant period, was a registrable beneficial owner of the entity by virtue of being a trustee of a trust,</p></content></level><level class="para2" eId="d28e37633"><num>(ii)</num><content><p>at any time during the relevant period was a registrable beneficial owner by virtue of being a trustee of a different trust, and</p></content></level><level class="para2"><num>(iii)</num><content><p>at the end of the relevant period was not a registrable beneficial owner of the entity by virtue of being a trustee of the trust mentioned in sub-paragraph <ref href="#d28e37633">(ii)</ref>, or</p></content></level></level><level class="para1" eId="d28e37648"><num>(b)</num><content><p>a statement that the entity has reasonable cause to believe that there is at least one such person.</p></content></level></subparagraph><subparagraph><num>(2)</num><intro><p>Where a statement is delivered under sub-paragraph <ref href="#d28e37648">(1)(b)</ref> the overseas entity must deliver to the registrar—</p></intro><level class="para1" eId="d28e37663"><num>(a)</num><content><p>the required information about each trust by virtue of which a trustee was a registrable beneficial owner of the entity at any time during the relevant period, or so much of that information as the overseas entity has been able to obtain, and</p></content></level><level class="para1" eId="d28e37669"><num>(b)</num><content><p>in relation to each such trust, a statement as to whether the entity has any reasonable cause to believe that there is required information about the trust that it has not been able to obtain.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>Statements required by this paragraph to be delivered to the registrar must relate to the time when they are delivered.</p></content></subparagraph><subparagraph><num>(4)</num><intro><p>Information required by sub-paragraph <ref href="#d28e37663">(2)(a)</ref> to be delivered to the registrar must relate to the state of affairs—</p></intro><level class="para1"><num>(a)</num><content><p>at the beginning of the relevant period, if the registrable beneficial owner was a trustee of the trust at that time, and</p></content></level><level class="para1"><num>(b)</num><content><p>otherwise, at the time at which the registrable beneficial owner became a trustee of the trust.</p></content></level></subparagraph><subparagraph><num>(5)</num><content><p>For the required information, see Schedule 1.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Compliance by confirmation of information previously provided</heading><paragraph class="schProv1"><num>6</num><content><p>A requirement imposed by paragraphs <ref href="#d28e37311">2</ref> to <ref href="#d28e37611">5</ref> to provide information may be met (in whole or in part) by confirming information previously provided.</p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Failure to comply with this Schedule</heading><paragraph class="schProv1"><num>7</num><content><p>Section 8 (offence of failure to comply with updating duty) applies in relation to a failure to comply with a duty imposed by paragraphs <ref href="#d28e37311">2</ref> to <ref href="#d28e37611">5</ref> of this Schedule as it applies in relation to a failure to comply with section 7.</p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Obtaining information</heading><paragraph eId="d28e37741" class="schProv1"><num>8</num><subparagraph><num>(1)</num><content><p>An overseas entity must comply with this paragraph before complying with the requirements imposed by paragraphs <ref href="#d28e37311">2</ref> to <ref href="#d28e37611">5</ref>.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>The entity must take reasonable steps—</p></intro><level class="para1"><num>(a)</num><content><p>to identify anyone who became or ceased to be a registrable beneficial owner during the relevant period, and</p></content></level><level class="para1"><num>(b)</num><intro><p>if it identities any such person, to obtain—</p></intro><level class="para2"><num>(i)</num><content><p>the information mentioned in row 2 of column 2 of the table in paragraph 3(1), and</p></content></level><level class="para2"><num>(ii)</num><content><p>in the case of anyone mentioned in paragraph 3(2), the information mentioned there.</p></content></level></level></subparagraph><subparagraph><num>(3)</num><intro><p>The entity must take reasonable steps—</p></intro><level class="para1"><num>(a)</num><content><p>to identify any person who, at the end relevant period, was a registrable beneficial owner by virtue of being a trustee, and</p></content></level><level class="para1"><num>(b)</num><intro><p>if it identities any such person, to obtain —</p></intro><level class="para2"><num>(i)</num><content><p>the information mentioned in paragraph 4(2)(a) about the relevant trust,</p></content></level><level class="para2"><num>(ii)</num><content><p>information as to whether anyone became or ceased to be a beneficiary under the relevant trust during the relevant period (a “relevant beneficiary”), and</p></content></level><level class="para2"><num>(iii)</num><content><p>the information mentioned in row 2 of column 2 of the table in paragraph 4(3) in relation to any relevant beneficiary.</p></content></level></level></subparagraph><subparagraph><num>(4)</num><intro><p>The entity must take reasonable steps—</p></intro><level class="para1"><num>(a)</num><content><p>to identify any person who falls within paragraph 5(1)(a)(i) to (iii), and</p></content></level><level class="para1"><num>(b)</num><content><p>if it identifies any such person, to obtain the information mentioned in paragraph 5(2)(a).</p></content></level></subparagraph><subparagraph><num>(5)</num><content><p>The steps that an overseas entity must take by virtue of this paragraph include giving an information notice under this paragraph to any person that it knows, or has reasonable cause to believe, falls within sub-paragraph (2)(a), (3)(a) or (4)(a).</p></content></subparagraph><subparagraph><num>(6)</num><content><p>An information notice under this paragraph is a notice requiring the recipient to provide the information mentioned in sub-paragraph (2)(b), (3)(b) or (4)(b).</p></content></subparagraph><subparagraph><num>(7)</num><content><p>Sections 15 to 15B (offences) apply in relation to information notices under this paragraph as they apply in relation to information notices under section 12.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Power to exclude descriptions of registrable beneficial owner</heading><paragraph class="schProv1"><num>9</num><subparagraph><num>(1)</num><content><p>The Secretary of State may by regulations provide that, for the purposes of any provision of this Schedule specified in the regulations, a person of a description so specified is not to be treated as a registrable beneficial owner of an overseas entity.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>No regulations may be made under sub-paragraph (1) after the end of the period of two years beginning with the day on which the Economic Crime and Corporate Transparency Act 2023 is passed.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>The Secretary of State must consult the Scottish Ministers before making regulations under sub-paragraph (1) that contain provision that would be within the legislative competence of the Scottish Parliament if contained in an Act of that Parliament.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>Regulations under sub-paragraph (1) are subject to the negative resolution procedure.</p></content></subparagraph></paragraph></hcontainer></hcontainer></quotedStructure></mod></p></content></paragraph>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-8"><num>SCHEDULE 8<authorialNote class="referenceNote"><p>Section 179</p></authorialNote></num><heading>Cryptoassets: confiscation orders</heading><part eId="schedule-8-part-1"><num>PART 1</num><heading>England and Wales</heading><hcontainer name="crossheading" class="schGroup7" eId="d28e37904"><heading>Introductory</heading><paragraph eId="schedule-8-paragraph-1" class="schProv1"><num>1</num><content><p>Part 2 of the Proceeds of Crime Act 2002 (confiscation: England and Wales) is amended as follows.</p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e37915"><heading>Seizure of property</heading><paragraph eId="schedule-8-paragraph-2" class="schProv1"><num>2</num><intro><p>In section 47B (conditions for exercise of seizure powers)—</p></intro><level class="para1" eId="schedule-8-paragraph-2-a"><num>(a)</num><content><p>in subsection (2), omit paragraph (b);</p></content></level><level class="para1" eId="schedule-8-paragraph-2-b"><num>(b)</num><content><p>in subsection (3), omit paragraph (b).</p></content></level></paragraph><paragraph eId="schedule-8-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-8-paragraph-3-1"><num>(1)</num><content><p>Section 47C (power to seize property) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-3-2"><num>(2)</num><content><p><mod>In subsection (2), after “not” insert <quotedText>“under subsection (1)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-3-3"><num>(3)</num><content><p><mod>After subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(5A)</num><content><p>On being satisfied as mentioned in section 47B(1) an appropriate officer may seize any free property if the officer has reasonable grounds for suspecting that it is a cryptoasset-related item.</p></content></subsection><subsection><num>(5B)</num><content><p>A “cryptoasset-related item” is an item of property that is, or that contains or gives access to information that is, likely to assist in the seizure under subsection (1) of any cryptoasset.</p></content></subsection><subsection><num>(5C)</num><content><p>The circumstances in which a cryptoasset is “<term refersTo="#term-seized">seized</term>” for the purposes of subsection (1) include circumstances in which it is transferred into a crypto wallet controlled by the appropriate officer.</p></content></subsection><subsection><num>(5D)</num><intro><p>If an appropriate officer is lawfully on any premises, the officer may, for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>determining whether any property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>enabling or facilitating the seizure under subsection (1) of any cryptoasset,</p></content></level><wrapUp><p>require any information which is stored in any electronic form and accessible from the premises to be produced in a form in which it can be taken away and in which it is visible and legible, or from which it can readily be produced in a visible and legible form.</p></wrapUp></subsection><subsection><num>(5E)</num><content><p>But subsection (5D) does not authorise an appropriate officer to require a person to produce information which the person would be entitled to refuse to provide on grounds of legal professional privilege in proceedings in the High Court.</p></content></subsection><subsection><num>(5F)</num><intro><p>Where an appropriate officer has seized a cryptoasset-related item under subsection (5A), they may use any information obtained from it for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>identifying or gaining access to a crypto wallet, and</p></content></level><level class="para1"><num>(b)</num><content><p>by doing so, enabling or facilitating the seizure under subsection (1) of any cryptoassets.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-4" class="schProv1"><num>4</num><content><p><mod>In section 47R (release of property), in subsection (3)(b), at the end insert <quotedText>“or (5A)”</quotedText>.</mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e38042"><heading>Detention and release of property</heading><paragraph eId="schedule-8-paragraph-5" class="schProv1"><num>5</num><content><p><mod>In section 47K (further detention pending making of restraint order), after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e38054"><num>(5)</num><content><p>Exempt property seized under section 47C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(6)</num><intro><p>In subsection (5)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 47C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 47G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-6" class="schProv1"><num>6</num><content><p><mod>In section 47L (further detention pending variation of restraint order), after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e38090"><num>(4)</num><content><p>Exempt property seized under section 47C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(5)</num><intro><p>In subsection (4)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 47C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 47G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-7" class="schProv1"><num>7</num><subparagraph eId="schedule-8-paragraph-7-1"><num>(1)</num><content><p>Section 47M (further detention in other cases) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-7-2"><num>(2)</num><content><p>In subsection (2)(b), omit “(within the meaning of section 47C(4))”.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-7-3"><num>(3)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e38142"><num>(2A)</num><intro><p>A magistrates’ court may by order extend the period for which the property may be detained under section 47J if satisfied that—</p></intro><level class="para1"><num>(a)</num><content><p>any of the conditions in section 47B is met (reading references in that section to the officer as references to the court),</p></content></level><level class="para1"><num>(b)</num><content><p>the property is free property, and</p></content></level><level class="para1"><num>(c)</num><content><p>there are reasonable grounds for suspecting that the property is a cryptoasset-related item.</p></content></level></subsection><subsection><num>(2B)</num><intro><p>An order under subsection (2A) may not be made in respect of exempt property unless the court is satisfied that the person applying for the order is working diligently and expeditiously—</p></intro><level class="para1"><num>(a)</num><content><p>to determine whether the property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>if it has already been determined to be such an item, to seize any related cryptoassets under section 47C(1).</p></content></level></subsection><subsection><num>(2C)</num><intro><p>An order under subsection (2A) may not extend the period for which the property may be detained beyond the period of—</p></intro><level class="para1"><num>(a)</num><content><p>six months beginning with the date of the order, or</p></content></level><level class="para1" eId="d28e38196"><num>(b)</num><content><p>in the case of exempt property, 14 days beginning with that date.</p></content></level><wrapUp><p>This does not prevent the period from being further extended by another order under this section.</p></wrapUp></subsection><subsection><num>(2D)</num><content><p>The period of 14 days referred to in subsection (2C)(b) is to be calculated in accordance with section 47H(7) (reading the reference there to 48 hours as a reference to 14 days).</p></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-7-4"><num>(4)</num><content><p><mod>In subsection (6), after “section” insert <quotedText startQuote="“">—</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 47C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-8" class="schProv1"><num>8</num><content><p><mod>In section 47R (release of property), after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e38239"><num>(6)</num><intro><p>If a cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, the appropriate officer may—</p></intro><level class="para1"><num>(a)</num><content><p>retain the item and deal with it as they see fit,</p></content></level><level class="para1"><num>(b)</num><content><p>dispose of the item, or</p></content></level><level class="para1"><num>(c)</num><content><p>destroy the item.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The powers in subsection (6) may be exercised only—</p></intro><level class="para1"><num>(a)</num><intro><p>where the appropriate officer has taken reasonable steps to notify—</p></intro><level class="para2"><num>(i)</num><content><p>the person from whom the item was seized, and</p></content></level><level class="para2"><num>(ii)</num><content><p>any other persons who the appropriate officer has reasonable grounds to believe have an interest in the item,</p></content></level><wrapUp><p>that the item has been released, and</p></wrapUp></level><level class="para1" eId="d28e38289"><num>(b)</num><content><p>with the approval of a senior officer.</p></content></level></subsection><subsection><num>(8)</num><content><p>“Senior officer” in subsection (7)(b) has the meaning given in section 47G(3).</p></content></subsection><subsection><num>(9)</num><content><p>Any proceeds of a disposal of the item are to be paid into the Consolidated Fund.</p></content></subsection></quotedStructure></mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e38307"><heading>Property held by persons subject to confiscation orders: destruction, realisation etc</heading><paragraph eId="schedule-8-paragraph-9" class="schProv1"><num>9</num><content><p><mod>In section 10A (determination of extent of defendant’s interest in property), in subsection (3)(a), after “realisation” insert <quotedText>“or destruction”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-10" class="schProv1"><num>10</num><subparagraph eId="schedule-8-paragraph-10-1"><num>(1)</num><content><p>Section 51 (powers of enforcement receiver) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-10-2"><num>(2)</num><content><p><mod>In subsection (2), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e38340"><num>(e)</num><content><p>so far as the property consists of cryptoassets, power to destroy the property.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-10-3"><num>(3)</num><content><p><mod>In subsection (8)(a), for “or (c)” substitute <quotedText>“, (c) or (e)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-10-4"><num>(4)</num><content><p><mod>After subsection (9) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(9A)</num><intro><p>The court may confer the power mentioned in subsection (2)(e) only where—</p></intro><level class="para1"><num>(a)</num><content><p>it is not reasonably practicable to realise the cryptoassets in question, or</p></content></level><level class="para1"><num>(b)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></subsection><subsection><num>(9B)</num><intro><p>An order conferring that power—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the court’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may confer power to destroy the cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(9C)</num><content><p>If the receiver destroys any cryptoassets in the exercise of that power, the defendant is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-11" class="schProv1"><num>11</num><subparagraph eId="schedule-8-paragraph-11-1"><num>(1)</num><content><p>Section 67 (seized money) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-11-2"><num>(2)</num><content><p><mod>In subsection (1)(b), for “bank or a building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-11-3"><num>(3)</num><intro><p>In subsection (5A)—</p></intro><level class="para1" eId="schedule-8-paragraph-11-3-a"><num>(a)</num><content><p><mod>for “a bank or building society” substitute <quotedText>“a relevant financial institution”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-8-paragraph-11-3-b"><num>(b)</num><content><p><mod>for “the bank or building society” substitute <quotedText>“the relevant financial institution”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-8-paragraph-11-4"><num>(4)</num><content><p><mod>In subsection (6), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-11-5"><num>(5)</num><content><p><mod>In subsection (7A), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-11-6"><num>(6)</num><intro><p>In subsection (8)—</p></intro><level class="para1" eId="schedule-8-paragraph-11-6-a"><num>(a)</num><content><p><mod>in paragraph (a) of the definition of “appropriate person”, for the words from “a bank” to the end substitute <quotedText>“a relevant financial institution, the relevant financial institution”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-8-paragraph-11-6-b"><num>(b)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-electronic-money-institution">electronic money institution</term>” has the same meaning as in the Electronic Money Regulations 2011 (<ref eId="c00038" href="http://www.legislation.gov.uk/id/uksi/2011/99">S.I. 2011/99</ref>) (see regulation 2 of those Regulations);</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-payment-institution">payment institution</term>” means an authorised payment institution or a small payment institution (each as defined in regulation 2 of the Payment Services Regulations 2017 (<ref eId="c00039" href="http://www.legislation.gov.uk/id/uksi/2017/752">S.I. 2017/752</ref>));</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-financial-institution">relevant financial institution</term>” means a bank, a building society, an electronic money institution or a payment institution;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-8-paragraph-11-7"><num>(7)</num><content><p><mod>For the heading substitute <quotedText>“Money”</quotedText>.</mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-12" class="schProv1"><num>12</num><content><p><mod>After section 67 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>67ZA</num><heading>Cryptoassets</heading><subsection><num>(1)</num><intro><p>This section applies to cryptoassets which—</p></intro><level class="para1"><num>(a)</num><content><p>are held by a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>are held in a crypto wallet administered by a UK-connected cryptoasset service provider,</p></content></level><wrapUp><p>but only so far as the cryptoassets are free property.</p></wrapUp></subsection><subsection><num>(2)</num><intro><p>Subsection (3) applies if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against a person holding cryptoassets to which this section applies, and</p></content></level><level class="para1"><num>(b)</num><content><p>a receiver has not been appointed under section 50 in relation to the cryptoassets.</p></content></level></subsection><subsection><num>(3)</num><intro><p>A magistrates’ court may order the UK-connected cryptoasset service provider which administers the crypto wallet in which the cryptoassets are held—</p></intro><level class="para1"><num>(a)</num><content><p>to realise the cryptoassets, or a portion of the cryptoassets having a specified value,</p></content></level><level class="para1"><num>(b)</num><content><p>to pay the proceeds of that realisation to the designated officer for the court on account of, and up to a maximum of, the amount payable under the confiscation order, and</p></content></level><level class="para1"><num>(c)</num><content><p>to the extent that the proceeds of the realisation exceed the amount payable under the confiscation order, to pay the excess to an appropriate officer identified in the order.</p></content></level><wrapUp><p>“<term refersTo="#term-appropriate-officer">Appropriate officer</term>” has the same meaning as in section 41A.</p></wrapUp></subsection><subsection><num>(4)</num><content><p>A person applying for an order under subsection (3) must give notice of the application to the UK-connected cryptoasset service provider.</p></content></subsection><subsection><num>(5)</num><intro><p>Where the crypto wallet in which the cryptoassets are held is administered on behalf of someone other than the person against whom the confiscation order is made, a magistrates’ court—</p></intro><level class="para1"><num>(a)</num><content><p>may make an order under subsection (3) only if the extent of the person’s interest in the money has been determined under section 10A, and</p></content></level><level class="para1"><num>(b)</num><content><p>must have regard to that determination in deciding what is the appropriate order to make.</p></content></level></subsection><subsection><num>(6)</num><intro><p>If a UK-connected cryptoasset service provider fails to comply with an order under subsection (3)—</p></intro><level class="para1"><num>(a)</num><content><p>the magistrates’ court may order it to pay an amount not exceeding £5,000, and</p></content></level><level class="para1"><num>(b)</num><content><p>for the purposes of the Magistrates’ Courts Act 1980 the sum is to be treated as adjudged to be paid by a conviction of the court.</p></content></level></subsection><subsection><num>(7)</num><content><p>In order to take account of changes in the value of money the Secretary of State may by order substitute another sum for the sum for the time being specified in subsection (6)(a).</p></content></subsection><subsection><num>(8)</num><intro><p>Where a UK-connected cryptoasset service provider—</p></intro><level class="para1"><num>(a)</num><content><p>is required by an order under subsection (3) to realise a portion of cryptoassets having a specified value, but</p></content></level><level class="para1"><num>(b)</num><content><p>on realising cryptoassets under the order, obtains proceeds of an amount which differs from that value,</p></content></level><wrapUp><p>it does not fail to comply with the order solely because of that difference in value, provided that it took reasonable steps to obtain proceeds equal to the value specified.</p></wrapUp></subsection></section><section><num>67ZB</num><heading>Meaning of “UK-connected cryptoasset service provider”</heading><subsection><num>(1)</num><intro><p>“UK-connected cryptoasset service provider” in section 67ZA means a cryptoasset service provider which—</p></intro><level class="para1"><num>(a)</num><content><p>is acting in the course of business carried on by it in the United Kingdom,</p></content></level><level class="para1"><num>(b)</num><content><p>has terms and conditions with the persons to whom it provides services which provide for a legal dispute to be litigated in the courts of a part of the United Kingdom,</p></content></level><level class="para1"><num>(c)</num><content><p>holds in the United Kingdom any data relating to the persons to whom it provides services, or</p></content></level><level class="para1"><num>(d)</num><content><p>meets the condition in subsection (2).</p></content></level></subsection><subsection><num>(2)</num><intro><p>The condition in this subsection is that—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider has its registered office or, if it does not have one, its head office in the United Kingdom, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in the United Kingdom.</p></content></level></subsection><subsection><num>(3)</num><intro><p>“Cryptoasset service provider” in subsections (1) and (2) includes a cryptoasset exchange provider and a custodian wallet provider; and for this purpose—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para1"><num>(a)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets;</p></content></level><level class="para1"><num>(b)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another;</p></content></level><level class="para1"><num>(c)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para1"><num>(b)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets.</p></content></level></hcontainer></subsection><subsection><num>(4)</num><content><p>In the definition of “cryptoasset exchange provider” in subsection (3), “<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, a cryptoasset.</p></content></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions in subsection (3) (including by amending subsection (4)).</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-13" class="schProv1"><num>13</num><content><p><mod>After section 67A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>67AA</num><heading>Destruction of seized cryptoassets</heading><subsection><num>(1)</num><content><p>This section applies to cryptoassets which are held by a person and which have been seized by an appropriate officer under a relevant seizure power.</p></content></subsection><subsection><num>(2)</num><intro><p>A magistrates’ court may by order authorise an appropriate officer to destroy the cryptoassets if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against the person by whom the cryptoassets are held,</p></content></level><level class="para1"><num>(b)</num><content><p>a receiver has not been appointed under section 50 in relation to the cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>it is not reasonably practicable to realise the cryptoassets, or</p></content></level><level class="para2"><num>(ii)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></level></subsection><subsection><num>(3)</num><intro><p>An order under this section—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the court’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may authorise the destruction of cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(4)</num><content><p>Before making an order under this section, the court must give persons who hold interests in the cryptoassets a reasonable opportunity to make representations to it.</p></content></subsection><subsection><num>(5)</num><content><p>If cryptoassets held by a person are destroyed following an order under this section, the person is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-appropriate-officer">appropriate officer</term>” and “<term refersTo="#term-relevant-seizure-power">relevant seizure power</term>” have the same meaning as in section 41A.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-14" class="schProv1"><num>14</num><subparagraph eId="schedule-8-paragraph-14-1"><num>(1)</num><content><p>Section 67C (sections 67A and 67B: appeals) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-14-2"><num>(2)</num><content><p><mod>In subsection (1), for “67A” substitute <quotedText>“67ZA(3), 67A(3) or 67AA(2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-14-3"><num>(3)</num><content><p><mod>In subsection (2), for “67A” substitute <quotedText>“67ZA(3), 67A(3) or 67AA(2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-14-4"><num>(4)</num><content><p><mod>In subsection (3), for “67A(2)(a)” substitute <quotedText>“67ZA(2)(a), 67A(3)(a) or 67AA(2)(a) (as applicable)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-14-5"><num>(5)</num><content><p><mod>In the heading, for “67A and” substitute <quotedText>“67ZA to”</quotedText>.</mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-15" class="schProv1"><num>15</num><content><p><mod>In section 67D (proceeds of realisation), in subsection (1)(b), after “section” insert <quotedText>“67ZA or”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-16" class="schProv1"><num>16</num><content><p><mod>For the italic heading before section 67, substitute <quotedText>“Enforcement: money, cryptoassets and personal property”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-17" class="schProv1"><num>17</num><content><p><mod>In section 69 (powers of court and receiver etc), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>Subsection (2)(a) does not apply to—</p></intro><level class="para1"><num>(a)</num><content><p>the power conferred on a court by paragraph (e) of section 51(2) (which enables the court to give a receiver the power to destroy cryptoassets),</p></content></level><level class="para1"><num>(b)</num><content><p>a power conferred on a receiver by virtue of that paragraph, or</p></content></level><level class="para1"><num>(c)</num><content><p>the power conferred on a magistrates’ court by section 67AA (power to order destruction of cryptoassets).</p></content></level></subsection></quotedStructure></mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e39004"><heading>Interpretation and miscellaneous provision</heading><paragraph eId="schedule-8-paragraph-18" class="schProv1"><num>18</num><content><p><mod>After section 84 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>84A</num><heading>Cryptoassets etc</heading><subsection><num>(1)</num><content><p>“<term refersTo="#term-cryptoasset">Cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically.</p></content></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-crypto-wallet">Crypto wallet</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>software,</p></content></level><level class="para1"><num>(b)</num><content><p>hardware,</p></content></level><level class="para1"><num>(c)</num><content><p>a physical item, or</p></content></level><level class="para1"><num>(d)</num><content><p>any combination of the things mentioned in paragraphs (a) to (c),</p></content></level><wrapUp><p>which is used to store the cryptographic private key that allows cryptoassets to be accessed.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>“<term refersTo="#term-cryptoasset-related-item">Cryptoasset-related item</term>” has the meaning given in section 47C(5B).</p></content></subsection><subsection><num>(4)</num><intro><p>The circumstances in which a cryptoasset is taken to be “destroyed” include circumstances where it is—</p></intro><level class="para1"><num>(a)</num><content><p>disposed of,</p></content></level><level class="para1"><num>(b)</num><content><p>transferred, or</p></content></level><level class="para1"><num>(c)</num><content><p>otherwise dealt with,</p></content></level><wrapUp><p>in such a way as to ensure, or to make it virtually certain, that it will not be the subject of any further transactions or be dealt with again in any other way.</p></wrapUp></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions of “cryptoasset” and “crypto wallet” in this section.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph></hcontainer></part><part eId="schedule-8-part-2"><num>PART 2</num><heading>Scotland</heading><hcontainer name="crossheading" class="schGroup7" eId="d28e39113"><heading>Introductory</heading><paragraph eId="schedule-8-paragraph-19" class="schProv1"><num>19</num><content><p>Part 3 of the Proceeds of Crime Act 2002 (confiscation: Scotland) is amended as follows.</p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e39124"><heading>Seizure of property</heading><paragraph eId="schedule-8-paragraph-20" class="schProv1"><num>20</num><intro><p>In section 127B (conditions for exercise of seizure powers)—</p></intro><level class="para1" eId="schedule-8-paragraph-20-a"><num>(a)</num><content><p>in subsection (2), omit paragraph (b);</p></content></level><level class="para1" eId="schedule-8-paragraph-20-b"><num>(b)</num><content><p>in subsection (3), omit paragraph (b).</p></content></level></paragraph><paragraph eId="schedule-8-paragraph-21" class="schProv1"><num>21</num><subparagraph eId="schedule-8-paragraph-21-1"><num>(1)</num><content><p>Section 127C (power to seize property) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-21-2"><num>(2)</num><content><p><mod>In subsection (2), after “not” insert <quotedText>“under subsection (1)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-21-3"><num>(3)</num><content><p><mod>After subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(5A)</num><content><p>On being satisfied as mentioned in section 127B(1) an appropriate officer may seize any free property if the officer has reasonable grounds for suspecting that it is a cryptoasset-related item.</p></content></subsection><subsection><num>(5B)</num><content><p>A “cryptoasset-related item” is an item of property that is, or that contains or gives access to information that is, likely to assist in the seizure under subsection (1) of any cryptoasset.</p></content></subsection><subsection><num>(5C)</num><content><p>The circumstances in which a cryptoasset is “<term refersTo="#term-seized">seized</term>” for the purposes of subsection (1) include circumstances in which it is transferred into a crypto wallet controlled by the appropriate officer.</p></content></subsection><subsection><num>(5D)</num><intro><p>If an appropriate officer is lawfully on any premises, the officer may, for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>determining whether any property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>enabling or facilitating the seizure under subsection (1) of any cryptoasset,</p></content></level><wrapUp><p>require any information which is stored in any electronic form and accessible from the premises to be produced in a form in which it can be taken away and in which it is visible and legible, or from which it can readily be produced in a visible and legible form.</p></wrapUp></subsection><subsection><num>(5E)</num><content><p>But subsection (5D) does not authorise an appropriate officer to require a person to produce any items subject to legal privilege (as defined in section 412).</p></content></subsection><subsection><num>(5F)</num><intro><p>Where an appropriate officer has seized a cryptoasset-related item under subsection (5A), they may use any information obtained from it for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>identifying or gaining access to a crypto wallet, and</p></content></level><level class="para1"><num>(b)</num><content><p>by doing so, enabling or facilitating the seizure under subsection (1) of any cryptoassets.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-22" class="schProv1"><num>22</num><content><p><mod>In section 127Q (release of property), in subsection (3)(b), at the end insert <quotedText>“or (5A)”</quotedText>.</mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e39251"><heading>Detention and release of property</heading><paragraph eId="schedule-8-paragraph-23" class="schProv1"><num>23</num><content><p><mod>In section 127K (further detention pending making of restraint order), after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><content><p>Exempt property seized under section 127C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(6)</num><intro><p>In subsection (5)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 127C(4) (reading references there to the accused as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 127G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-24" class="schProv1"><num>24</num><content><p><mod>In section 127L (further detention pending variation of restraint order), after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><content><p>Exempt property seized under section 127C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(5)</num><intro><p>In subsection (4)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 127C(4) (reading references there to the accused as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 127G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-25" class="schProv1"><num>25</num><subparagraph eId="schedule-8-paragraph-25-1"><num>(1)</num><content><p>Section 127M (further detention in other cases) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-25-2"><num>(2)</num><content><p>In subsection (2)(b), omit “(within the meaning of section 127C(4))”.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-25-3"><num>(3)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>The sheriff may by order extend the period for which the property may be detained under section 127J if satisfied that—</p></intro><level class="para1"><num>(a)</num><content><p>any of the conditions in section 127B is met (reading references in that section to the officer as references to the sheriff),</p></content></level><level class="para1"><num>(b)</num><content><p>the property is free property, and</p></content></level><level class="para1"><num>(c)</num><content><p>there are reasonable grounds for suspecting that the property is a cryptoasset-related item.</p></content></level></subsection><subsection><num>(2B)</num><intro><p>An order under subsection (2A) may not be made in respect of exempt property unless the sheriff is satisfied that the person applying for the order is working diligently and expeditiously—</p></intro><level class="para1"><num>(a)</num><content><p>to determine whether the property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>if it has already been determined to be such an item, to seize any related cryptoassets under section 127C(1).</p></content></level></subsection><subsection><num>(2C)</num><intro><p>An order under subsection (2A) may not extend the period for which the property may be detained beyond the period of—</p></intro><level class="para1"><num>(a)</num><content><p>six months beginning with the date of the order, or</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of exempt property, 14 days beginning with that date.</p></content></level><wrapUp><p>This does not prevent the period from being further extended by another order under this section.</p></wrapUp></subsection><subsection><num>(2D)</num><content><p>The period of 14 days referred to in subsection (2C)(b) is to be calculated in accordance with section 127H(7) (reading the reference there to 48 hours as a reference to 14 days).</p></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-25-4"><num>(4)</num><content><p><mod>In subsection (6), after “section” insert <quotedText startQuote="“">—</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 127C(4) (reading references there to the accused as references to the person by whom the property is held);</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-26" class="schProv1"><num>26</num><content><p><mod>In section 127Q (release of property), after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6)</num><intro><p>If a cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, the appropriate officer may—</p></intro><level class="para1"><num>(a)</num><content><p>retain the item and deal with it as they see fit,</p></content></level><level class="para1"><num>(b)</num><content><p>dispose of the item, or</p></content></level><level class="para1"><num>(c)</num><content><p>destroy the item.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The powers in subsection (6) may be exercised only—</p></intro><level class="para1"><num>(a)</num><intro><p>where the appropriate officer has taken reasonable steps to notify—</p></intro><level class="para2"><num>(i)</num><content><p>the person from whom the item was seized, and</p></content></level><level class="para2"><num>(ii)</num><content><p>any other persons who the appropriate officer has reasonable grounds to believe have an interest in the item,</p></content></level><wrapUp><p>that the item has been released, and</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>with the approval of a senior officer.</p></content></level></subsection><subsection><num>(8)</num><content><p>“Senior officer” in subsection (7)(b) has the meaning given in section 127G(3).</p></content></subsection><subsection><num>(9)</num><content><p>Any proceeds of a disposal of the item are to be paid into the Scottish Consolidated Fund.</p></content></subsection></quotedStructure></mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e39516"><heading>Property held by persons subject to confiscation orders: destruction, realisation etc</heading><paragraph eId="schedule-8-paragraph-27" class="schProv1"><num>27</num><subparagraph eId="schedule-8-paragraph-27-1"><num>(1)</num><content><p>Section 128 (enforcement administrators) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-27-2"><num>(2)</num><content><p><mod>In subsection (6), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>so far as the property consists of cryptoassets, power to destroy the property.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-27-3"><num>(3)</num><content><p><mod>In subsection (11)(a), for “or (c)” substitute <quotedText>“, (c) or (d)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-27-4"><num>(4)</num><content><p><mod>After subsection (13) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(13A)</num><intro><p>The court may confer the power mentioned in subsection (6)(d) only where—</p></intro><level class="para1"><num>(a)</num><content><p>it is not reasonably practicable to realise the cryptoassets in question, or</p></content></level><level class="para1"><num>(b)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></subsection><subsection><num>(13B)</num><intro><p>An order conferring that power—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the court’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may confer power to destroy the cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(13C)</num><content><p>If the administrator destroys any cryptoassets in the exercise of that power, the accused is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-28" class="schProv1"><num>28</num><subparagraph eId="schedule-8-paragraph-28-1"><num>(1)</num><content><p>Section 131ZA (seized money) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-28-2"><num>(2)</num><content><p><mod>In subsection (1)(b), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-28-3"><num>(3)</num><content><p><mod>In subsection (7), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-28-4"><num>(4)</num><intro><p>In subsection (9)—</p></intro><level class="para1" eId="schedule-8-paragraph-28-4-a"><num>(a)</num><content><p><mod>in paragraph (a) of the definition of “appropriate person”, for the words from “a bank” to the end substitute <quotedText>“a relevant financial institution, the relevant financial institution”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-8-paragraph-28-4-b"><num>(b)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-electronic-money-institution">electronic money institution</term>” has the same meaning as in the Electronic Money Regulations 2011 (<ref eId="c00040" href="http://www.legislation.gov.uk/id/uksi/2011/99">S.I. 2011/99</ref>) (see regulation 2 of those Regulations);</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-payment-institution">payment institution</term>” means an authorised payment institution or a small payment institution (each as defined in regulation 2 of the Payment Services Regulations 2017 (<ref eId="c00041" href="http://www.legislation.gov.uk/id/uksi/2017/752">S.I. 2017/752</ref>));</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-financial-institution">relevant financial institution</term>” means a bank, a building society, an electronic money institution or a payment institution;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-8-paragraph-28-5"><num>(5)</num><content><p><mod>For the heading substitute <quotedText>“Money”</quotedText>.</mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-29" class="schProv1"><num>29</num><content><p><mod>After section 131ZA insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>131ZB</num><heading>Cryptoassets</heading><subsection><num>(1)</num><intro><p>This section applies to cryptoassets which—</p></intro><level class="para1"><num>(a)</num><content><p>are held by a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>are held in a crypto wallet administered by a UK-connected cryptoasset service provider,</p></content></level><wrapUp><p>but only so far as the cryptoassets are free property.</p></wrapUp></subsection><subsection><num>(2)</num><intro><p>Subsection (3) applies if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against a person holding cryptoassets to which this section applies, and</p></content></level><level class="para1"><num>(b)</num><content><p>an administrator has not been appointed under section 128 in relation to the cryptoassets.</p></content></level></subsection><subsection><num>(3)</num><intro><p>The sheriff may order the UK-connected cryptoasset service provider which administers the crypto wallet in which the cryptoassets are held—</p></intro><level class="para1"><num>(a)</num><content><p>to realise the cryptoassets, or a portion of the cryptoassets having a specified value,</p></content></level><level class="para1"><num>(b)</num><content><p>to pay the proceeds of that realisation to the appropriate clerk of court on account of, and up to a maximum of, the amount payable under the confiscation order, and</p></content></level><level class="para1"><num>(c)</num><content><p>to the extent that the proceeds of the realisation exceed the amount payable under the confiscation order, to pay the excess to an appropriate officer identified in the order.</p></content></level></subsection><subsection><num>(4)</num><intro><p>In subsection (3)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-clerk-of-court">appropriate clerk of court</term>” means the sheriff clerk of the sheriff court responsible for enforcing the confiscation order under section 211 of the Procedure Act as applied by section 118(1);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-officer">appropriate officer</term>” has the same meaning as in section 120A.</p></content></hcontainer></subsection><subsection><num>(5)</num><intro><p>An order under subsection (3) may be made—</p></intro><level class="para1"><num>(a)</num><content><p>on the application of the prosecutor, or</p></content></level><level class="para1"><num>(b)</num><content><p>by the sheriff of the sheriff’s own accord.</p></content></level></subsection><subsection><num>(6)</num><intro><p>Where a UK-connected cryptoasset service provider—</p></intro><level class="para1"><num>(a)</num><content><p>is required by an order under subsection (3) to realise a portion of cryptoassets having a specified value, but</p></content></level><level class="para1"><num>(b)</num><content><p>on realising cryptoassets under the order, obtains proceeds of an amount which differs from that value,</p></content></level><wrapUp><p>it does not fail to comply with the order solely because of that difference in value, provided that it took reasonable steps to obtain proceeds equal to the value specified.</p></wrapUp></subsection></section><section><num>131ZC</num><heading>Meaning of “UK-connected cryptoasset service provider”</heading><subsection><num>(1)</num><intro><p>“UK-connected cryptoasset service provider” in section 131ZB means a cryptoasset service provider which—</p></intro><level class="para1"><num>(a)</num><content><p>is acting in the course of business carried on by it in the United Kingdom,</p></content></level><level class="para1"><num>(b)</num><content><p>has terms and conditions with the persons to whom it provides services which provide for a legal dispute to be litigated in the courts of a part of the United Kingdom,</p></content></level><level class="para1"><num>(c)</num><content><p>holds in the United Kingdom any data relating to the persons to whom it provides services, or</p></content></level><level class="para1"><num>(d)</num><content><p>meets the condition in subsection (2).</p></content></level></subsection><subsection><num>(2)</num><intro><p>The condition in this subsection is that—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider has its registered office or, if it does not have one, its head office in the United Kingdom, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in the United Kingdom.</p></content></level></subsection><subsection><num>(3)</num><intro><p>“Cryptoasset service provider” in subsections (1) and (2) includes a cryptoasset exchange provider and a custodian wallet provider; and for this purpose—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para1"><num>(a)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets;</p></content></level><level class="para1"><num>(b)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another;</p></content></level><level class="para1"><num>(c)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para1"><num>(b)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets.</p></content></level></hcontainer></subsection><subsection><num>(4)</num><content><p>In the definition of “cryptoasset exchange provider” in subsection (3), “<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, a cryptoasset.</p></content></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions in subsection (3) (including by amending subsection (4)).</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State must consult the Scottish Ministers before making regulations under subsection (5).</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-30" class="schProv1"><num>30</num><content><p><mod>After section 131A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>131AA</num><heading>Destruction of seized cryptoassets</heading><subsection><num>(1)</num><content><p>This section applies to cryptoassets which are held by a person and which have been seized by an appropriate officer under a relevant seizure power.</p></content></subsection><subsection><num>(2)</num><intro><p>The sheriff may by order authorise an appropriate officer to destroy the cryptoassets if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against the person by whom the cryptoassets are held,</p></content></level><level class="para1"><num>(b)</num><content><p>an administrator has not been appointed under section 128 in relation to the cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>it is not reasonably practicable to realise the cryptoassets, or</p></content></level><level class="para2"><num>(ii)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></level></subsection><subsection><num>(3)</num><intro><p>An order under this section may be made—</p></intro><level class="para1"><num>(a)</num><content><p>on the application of the prosecutor, or</p></content></level><level class="para1"><num>(b)</num><content><p>by the sheriff of the sheriff’s own accord.</p></content></level></subsection><subsection><num>(4)</num><intro><p>An order under this section—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the sheriff’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may authorise the destruction of cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(5)</num><content><p>Before making an order under this section, the sheriff must give persons who hold interests in the cryptoassets a reasonable opportunity to make representations to it.</p></content></subsection><subsection><num>(6)</num><content><p>If cryptoassets held by a person are destroyed following an order under this section, the person is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection><subsection><num>(7)</num><content><p>In this section “<term refersTo="#term-appropriate-officer">appropriate officer</term>” and “<term refersTo="#term-relevant-seizure-power">relevant seizure power</term>” have the same meaning as in section 120A.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-31" class="schProv1"><num>31</num><subparagraph eId="schedule-8-paragraph-31-1"><num>(1)</num><content><p>Section 131C (sections 131A and 131B: appeals) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-31-2"><num>(2)</num><content><p><mod>In subsection (1), for “131A” substitute <quotedText>“131A(3)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-31-3"><num>(3)</num><content><p><mod>After subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><content><p>If a sheriff decides not to make an order under section 131ZB(3) or 131AA(2), the prosecutor may appeal to the Court of Session.</p></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-31-4"><num>(4)</num><content><p><mod>In subsection (2), for “131A” substitute <quotedText>“131ZB(3), 131A(3) or 131AA(2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-31-5"><num>(5)</num><content><p><mod>In subsection (3), for “131A(2)(a)” substitute <quotedText>“131ZB(2)(a), 131A(2)(a) or 131AA(2)(a) (as applicable)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-31-6"><num>(6)</num><content><p><mod>In the heading, for “131A and” substitute <quotedText>“131ZB to”</quotedText>.</mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-32" class="schProv1"><num>32</num><content><p><mod>In section 131D (proceeds of realisation), in subsection (1)(b), after “section” insert <quotedText>“131ZB or”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-33" class="schProv1"><num>33</num><content><p><mod>For the italic heading before section 131ZA, substitute <quotedText>“Enforcement: money, cryptoassets and personal property”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-34" class="schProv1"><num>34</num><content><p>Omit the italic heading before section 131A.</p></content></paragraph><paragraph eId="schedule-8-paragraph-35" class="schProv1"><num>35</num><content><p><mod>In section 132 (powers of court and administrator etc), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>Subsection (2)(a) does not apply to—</p></intro><level class="para1"><num>(a)</num><content><p>the power conferred on a court by paragraph (d) of section 128(6) (which enables the court to give an administrator the power to destroy cryptoassets),</p></content></level><level class="para1"><num>(b)</num><content><p>a power conferred on an administrator by virtue of that paragraph, or</p></content></level><level class="para1"><num>(c)</num><content><p>the power conferred on the sheriff by section 131AA (power to order destruction of cryptoassets).</p></content></level></subsection></quotedStructure></mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e40199"><heading>Interpretation and miscellaneous provision</heading><paragraph eId="schedule-8-paragraph-36" class="schProv1"><num>36</num><content><p><mod>After section 150 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>150A</num><heading>Cryptoassets etc</heading><subsection><num>(1)</num><content><p>“<term refersTo="#term-cryptoasset">Cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically.</p></content></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-crypto-wallet">Crypto wallet</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>software,</p></content></level><level class="para1"><num>(b)</num><content><p>hardware,</p></content></level><level class="para1"><num>(c)</num><content><p>a physical item, or</p></content></level><level class="para1"><num>(d)</num><content><p>any combination of the things mentioned in paragraphs (a) to (c),</p></content></level><wrapUp><p>which is used to store the cryptographic private key that allows cryptoassets to be accessed.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>“<term refersTo="#term-cryptoasset-related-item">Cryptoasset-related item</term>” has the meaning given in section 127C(5B).</p></content></subsection><subsection><num>(4)</num><intro><p>The circumstances in which a cryptoasset is taken to be “destroyed” include circumstances where it is—</p></intro><level class="para1"><num>(a)</num><content><p>disposed of,</p></content></level><level class="para1"><num>(b)</num><content><p>transferred, or</p></content></level><level class="para1"><num>(c)</num><content><p>otherwise dealt with,</p></content></level><wrapUp><p>in such a way as to ensure, or to make it virtually certain, that it will not be the subject of any further transactions or be dealt with again in any other way.</p></wrapUp></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions of “cryptoasset” and “crypto wallet” in this section.</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State must consult the Scottish Ministers before making regulations under subsection (5).</p></content></subsection></section></quotedStructure></mod></p></content></paragraph></hcontainer></part><part eId="schedule-8-part-3"><num>PART 3</num><heading>Northern Ireland</heading><hcontainer name="crossheading" class="schGroup7" eId="d28e40314"><heading>Introductory</heading><paragraph eId="schedule-8-paragraph-37" class="schProv1"><num>37</num><content><p>Part 4 of the Proceeds of Crime Act 2002 (confiscation: Northern Ireland) is amended as follows.</p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e40325"><heading>Seizure of property</heading><paragraph eId="schedule-8-paragraph-38" class="schProv1"><num>38</num><intro><p>In section 195B (conditions for exercise of seizure powers)—</p></intro><level class="para1" eId="schedule-8-paragraph-38-a"><num>(a)</num><content><p>in subsection (2), omit paragraph (b);</p></content></level><level class="para1" eId="schedule-8-paragraph-38-b"><num>(b)</num><content><p>in subsection (3), omit paragraph (b).</p></content></level></paragraph><paragraph eId="schedule-8-paragraph-39" class="schProv1"><num>39</num><subparagraph eId="schedule-8-paragraph-39-1"><num>(1)</num><content><p>Section 195C (power to seize property) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-39-2"><num>(2)</num><content><p><mod>In subsection (2), after “not” insert <quotedText>“under subsection (1)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-39-3"><num>(3)</num><content><p><mod>After subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(5A)</num><content><p>On being satisfied as mentioned in section 195B(1) an appropriate officer may seize any free property if the officer has reasonable grounds for suspecting that it is a cryptoasset-related item.</p></content></subsection><subsection><num>(5B)</num><content><p>A “cryptoasset-related item” is an item of property that is, or that contains or gives access to information that is, likely to assist in the seizure under subsection (1) of any cryptoasset.</p></content></subsection><subsection><num>(5C)</num><content><p>The circumstances in which a cryptoasset is “<term refersTo="#term-seized">seized</term>” for the purposes of subsection (1) include circumstances in which it is transferred into a crypto wallet controlled by the appropriate officer.</p></content></subsection><subsection><num>(5D)</num><intro><p>If an appropriate officer is lawfully on any premises, the officer may, for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>determining whether any property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>enabling or facilitating the seizure under subsection (1) of any cryptoasset,</p></content></level><wrapUp><p>require any information which is stored in any electronic form and accessible from the premises to be produced in a form in which it can be taken away and in which it is visible and legible, or from which it can readily be produced in a visible and legible form.</p></wrapUp></subsection><subsection><num>(5E)</num><content><p>But subsection (5D) does not authorise an appropriate officer to require a person to produce information which the person would be entitled to refuse to provide on grounds of legal professional privilege in proceedings in the High Court.</p></content></subsection><subsection><num>(5F)</num><intro><p>Where an appropriate officer has seized a cryptoasset-related item under subsection (5A), they may use any information obtained from it for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>identifying or gaining access to a crypto wallet, and</p></content></level><level class="para1"><num>(b)</num><content><p>by doing so, enabling or facilitating the seizure under subsection (1) of any cryptoassets.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-40" class="schProv1"><num>40</num><content><p><mod>In section 195R (release of property), in subsection (3)(b), at the end insert <quotedText>“or (5A)”</quotedText>.</mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e40452"><heading>Detention and release of property</heading><paragraph eId="schedule-8-paragraph-41" class="schProv1"><num>41</num><content><p><mod>In section 195K (further detention pending making of restraint order), after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><content><p>Exempt property seized under section 195C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(6)</num><intro><p>In subsection (5)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 195C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 195G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-42" class="schProv1"><num>42</num><content><p><mod>In section 195L (further detention pending variation of restraint order), after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><content><p>Exempt property seized under section 195C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(5)</num><intro><p>In subsection (4)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 195C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 195G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-43" class="schProv1"><num>43</num><subparagraph eId="schedule-8-paragraph-43-1"><num>(1)</num><content><p>Section 195M (further detention in other cases) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-43-2"><num>(2)</num><content><p>In subsection (2)(b), omit “(within the meaning of section 195C(4))”.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-43-3"><num>(3)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>A magistrates’ court may by order extend the period for which the property may be detained under section 195J if satisfied that—</p></intro><level class="para1"><num>(a)</num><content><p>any of the conditions in section 195B is met (reading references in that section to the officer as references to the court),</p></content></level><level class="para1"><num>(b)</num><content><p>the property is free property, and</p></content></level><level class="para1"><num>(c)</num><content><p>there are reasonable grounds for suspecting that the property is a cryptoasset-related item.</p></content></level></subsection><subsection><num>(2B)</num><intro><p>An order under subsection (2A) may not be made in respect of exempt property unless the court is satisfied that the person applying for the order is working diligently and expeditiously—</p></intro><level class="para1"><num>(a)</num><content><p>to determine whether the property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>if it has already been determined to be such an item, to seize any related cryptoassets under section 195C(1).</p></content></level></subsection><subsection><num>(2C)</num><intro><p>An order under subsection (2A) may not extend the period for which the property may be detained beyond the period of—</p></intro><level class="para1"><num>(a)</num><content><p>six months beginning with the date of the order, or</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of exempt property, 14 days beginning with that date.</p></content></level><wrapUp><p>This does not prevent the period from being further extended by another order under this section.</p></wrapUp></subsection><subsection><num>(2D)</num><content><p>The period of 14 days referred to in subsection (2C)(b) is to be calculated in accordance with section 195H(7) (reading the reference there to 48 hours as a reference to 14 days).</p></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-43-4"><num>(4)</num><content><p><mod>In subsection (6), after “section” insert <quotedText startQuote="“">—</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 195C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-44" class="schProv1"><num>44</num><content><p><mod>In section 195R (release of property), after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6)</num><intro><p>If a cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, the appropriate officer may—</p></intro><level class="para1"><num>(a)</num><content><p>retain the item and deal with it as they see fit,</p></content></level><level class="para1"><num>(b)</num><content><p>dispose of the item, or</p></content></level><level class="para1"><num>(c)</num><content><p>destroy the item.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The powers in subsection (6) may be exercised only—</p></intro><level class="para1"><num>(a)</num><intro><p>where the appropriate officer has taken reasonable steps to notify—</p></intro><level class="para2"><num>(i)</num><content><p>the person from whom the item was seized, and</p></content></level><level class="para2"><num>(ii)</num><content><p>any other persons who the appropriate officer has reasonable grounds to believe have an interest in the item,</p></content></level><wrapUp><p>that the item has been released, and</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>with the approval of a senior officer.</p></content></level></subsection><subsection><num>(8)</num><content><p>“Senior officer” in subsection (7)(b) has the meaning given in section 195G(3).</p></content></subsection><subsection><num>(9)</num><content><p>Any proceeds of a disposal of the item are to be paid into the Consolidated Fund.</p></content></subsection></quotedStructure></mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e40717"><heading>Property held by persons subject to confiscation orders: destruction, realisation etc</heading><paragraph eId="schedule-8-paragraph-45" class="schProv1"><num>45</num><content><p><mod>In section 160A (determination of extent of defendant’s interest in property), in subsection (3)(a), after “realisation” insert <quotedText>“or destruction”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-46" class="schProv1"><num>46</num><subparagraph eId="schedule-8-paragraph-46-1"><num>(1)</num><content><p>Section 199 (powers of enforcement receiver) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-46-2"><num>(2)</num><content><p><mod>In subsection (2), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>so far as the property consists of cryptoassets, power to destroy the property.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-46-3"><num>(3)</num><content><p><mod>In subsection (8)(a), for “or (c)” substitute <quotedText>“, (c) or (e)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-46-4"><num>(4)</num><content><p><mod>After subsection (9) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(9A)</num><intro><p>The court may confer the power mentioned in subsection (2)(e) only where—</p></intro><level class="para1"><num>(a)</num><content><p>it is not reasonably practicable to realise the cryptoassets in question, or</p></content></level><level class="para1"><num>(b)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></subsection><subsection><num>(9B)</num><intro><p>An order conferring that power—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the court’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may confer power to destroy the cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(9C)</num><content><p>If the receiver destroys any cryptoassets in the exercise of that power, the defendant is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-47" class="schProv1"><num>47</num><subparagraph eId="schedule-8-paragraph-47-1"><num>(1)</num><content><p>Section 215 (seized money) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-47-2"><num>(2)</num><content><p><mod>In subsection (1)(b), for “bank or a building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-47-3"><num>(3)</num><intro><p>In subsection (5A)—</p></intro><level class="para1" eId="schedule-8-paragraph-47-3-a"><num>(a)</num><content><p><mod>for “a bank or building society” substitute <quotedText>“a relevant financial institution”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-8-paragraph-47-3-b"><num>(b)</num><content><p><mod>for “the bank or building society” substitute <quotedText>“the relevant financial institution”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-8-paragraph-47-4"><num>(4)</num><content><p><mod>In subsection (6), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-47-5"><num>(5)</num><content><p><mod>In subsection (7A), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-47-6"><num>(6)</num><intro><p>In subsection (8)—</p></intro><level class="para1" eId="schedule-8-paragraph-47-6-a"><num>(a)</num><content><p><mod>in paragraph (a) of the definition of “appropriate person”, for the words from “a bank” to the end substitute <quotedText>“a relevant financial institution, the relevant financial institution”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-8-paragraph-47-6-b"><num>(b)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-electronic-money-institution">electronic money institution</term>” has the same meaning as in the Electronic Money Regulations 2011 (<ref eId="c00042" href="http://www.legislation.gov.uk/id/uksi/2011/99">S.I. 2011/99</ref>) (see regulation 2 of those Regulations);</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-payment-institution">payment institution</term>” means an authorised payment institution or a small payment institution (each as defined in regulation 2 of the Payment Services Regulations 2017 (<ref eId="c00043" href="http://www.legislation.gov.uk/id/uksi/2017/752">S.I. 2017/752</ref>));</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-financial-institution">relevant financial institution</term>” means a bank, a building society, an electronic money institution or a payment institution;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-8-paragraph-47-7"><num>(7)</num><content><p><mod>For the heading substitute <quotedText>“Money”</quotedText>.</mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-48" class="schProv1"><num>48</num><content><p><mod>After section 215 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>215ZA</num><heading>Cryptoassets</heading><subsection><num>(1)</num><intro><p>This section applies to cryptoassets which—</p></intro><level class="para1"><num>(a)</num><content><p>are held by a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>are held in a crypto wallet administered by a UK-connected cryptoasset service provider,</p></content></level><wrapUp><p>but only so far as the cryptoassets are free property.</p></wrapUp></subsection><subsection><num>(2)</num><intro><p>Subsection (3) applies if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against a person holding cryptoassets to which this section applies, and</p></content></level><level class="para1"><num>(b)</num><content><p>a receiver has not been appointed under section 198 in relation to the cryptoassets.</p></content></level></subsection><subsection><num>(3)</num><intro><p>A magistrates’ court may order the UK-connected cryptoasset service provider which administers the crypto wallet in which the cryptoassets are held—</p></intro><level class="para1"><num>(a)</num><content><p>to realise the cryptoassets, or a portion of the cryptoassets having a specified value,</p></content></level><level class="para1"><num>(b)</num><content><p>to pay the proceeds of that realisation to the appropriate chief clerk on account of, and up to a maximum of, the amount payable under the confiscation order, and</p></content></level><level class="para1"><num>(c)</num><content><p>to the extent that the proceeds of the realisation exceed the amount payable under the confiscation order, to pay the excess to an appropriate officer identified in the order.</p></content></level></subsection><subsection><num>(4)</num><intro><p>In subsection (3)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-chief-clerk">appropriate chief clerk</term>” has the same meaning as in section 202(7);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-officer">appropriate officer</term>” has the same meaning as in section 195A.</p></content></hcontainer></subsection><subsection><num>(5)</num><content><p>A person applying for an order under subsection (3) must give notice of the application to the UK-connected cryptoasset service provider.</p></content></subsection><subsection><num>(6)</num><intro><p>Where the crypto wallet in which the cryptoassets are held is administered on behalf of someone other than the person against whom the confiscation order is made, a magistrates’ court—</p></intro><level class="para1"><num>(a)</num><content><p>may make an order under subsection (3) only if the extent of the person’s interest in the money has been determined under section 160A, and</p></content></level><level class="para1"><num>(b)</num><content><p>must have regard to that determination in deciding what is the appropriate order to make.</p></content></level></subsection><subsection><num>(7)</num><intro><p>If a UK-connected cryptoasset service provider fails to comply with an order under subsection (3)—</p></intro><level class="para1"><num>(a)</num><content><p>the magistrates’ court may order it to pay an amount not exceeding £5,000, and</p></content></level><level class="para1"><num>(b)</num><content><p>for the purposes of the Magistrates’ Courts (Northern Ireland) Order 1981 (<ref eId="c00044" href="http://www.legislation.gov.uk/id/nisi/1981/1675">S.I. 1981/1675 (N.I. 26)</ref>) the sum is to be treated as adjudged to be paid by a conviction of the court.</p></content></level></subsection><subsection><num>(8)</num><content><p>In order to take account of changes in the value of money the Department of Justice in Northern Ireland may by order substitute another sum for the sum for the time being specified in subsection (7)(a).</p></content></subsection><subsection><num>(9)</num><intro><p>Where a UK-connected cryptoasset service provider—</p></intro><level class="para1"><num>(a)</num><content><p>is required by an order under subsection (3) to realise a portion of cryptoassets having a specified value, but</p></content></level><level class="para1"><num>(b)</num><content><p>on realising cryptoassets under the order, obtains proceeds of an amount which differs from that value,</p></content></level><wrapUp><p>it does not fail to comply with the order solely because of that difference in value, provided that it took reasonable steps to obtain proceeds equal to the value specified.</p></wrapUp></subsection></section><section><num>215ZB</num><heading>Meaning of “UK-connected cryptoasset service provider”</heading><subsection><num>(1)</num><intro><p>“UK-connected cryptoasset service provider” in section 215ZA means a cryptoasset service provider which—</p></intro><level class="para1"><num>(a)</num><content><p>is acting in the course of business carried on by it in the United Kingdom,</p></content></level><level class="para1"><num>(b)</num><content><p>has terms and conditions with the persons to whom it provides services which provide for a legal dispute to be litigated in the courts of a part of the United Kingdom,</p></content></level><level class="para1"><num>(c)</num><content><p>holds in the United Kingdom any data relating to the persons to whom it provides services, or</p></content></level><level class="para1"><num>(d)</num><content><p>meets the condition in subsection (2).</p></content></level></subsection><subsection><num>(2)</num><intro><p>The condition in this subsection is that—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider has its registered office or, if it does not have one, its head office in the United Kingdom, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in the United Kingdom.</p></content></level></subsection><subsection><num>(3)</num><intro><p>“Cryptoasset service provider” in subsections (1) and (2) includes a cryptoasset exchange provider and a custodian wallet provider; and for this purpose—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para1"><num>(a)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets;</p></content></level><level class="para1"><num>(b)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another;</p></content></level><level class="para1"><num>(c)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para1"><num>(b)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets.</p></content></level></hcontainer></subsection><subsection><num>(4)</num><content><p>In the definition of “cryptoasset exchange provider” in subsection (3), “<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, a cryptoasset.</p></content></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions in subsection (3) (including by amending subsection (4)).</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State must consult the Department of Justice in Northern Ireland before making regulations under subsection (5).</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-49" class="schProv1"><num>49</num><content><p><mod>After section 215A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>215AA</num><heading>Destruction of seized cryptoassets</heading><subsection><num>(1)</num><content><p>This section applies to cryptoassets which are held by a person and which have been seized by an appropriate officer under a relevant seizure power.</p></content></subsection><subsection><num>(2)</num><intro><p>A magistrates’ court may by order authorise an appropriate officer to destroy the cryptoassets if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against the person by whom the cryptoassets are held,</p></content></level><level class="para1"><num>(b)</num><content><p>a receiver has not been appointed under section 198 in relation to the cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>it is not reasonably practicable to realise the cryptoassets, or</p></content></level><level class="para2"><num>(ii)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></level></subsection><subsection><num>(3)</num><intro><p>An order under this section—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the court’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may authorise the destruction of cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(4)</num><content><p>Before making an order under this section, the court must give persons who hold interests in the cryptoassets a reasonable opportunity to make representations to it.</p></content></subsection><subsection><num>(5)</num><content><p>If cryptoassets held by a person are destroyed following an order under this section, the person is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-appropriate-officer">appropriate officer</term>” and “<term refersTo="#term-relevant-seizure-power">relevant seizure power</term>” have the same meaning as in section 190A.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-50" class="schProv1"><num>50</num><subparagraph eId="schedule-8-paragraph-50-1"><num>(1)</num><content><p>Section 215C (sections 215A and 215B: appeals) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-50-2"><num>(2)</num><content><p><mod>In subsection (1), for “215A” substitute <quotedText>“215ZA(3), 215A(3) or 215AA(2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-50-3"><num>(3)</num><content><p><mod>In subsection (2), for “215A” substitute <quotedText>“215ZA(3), 215A(3) or 215AA(2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-50-4"><num>(4)</num><content><p><mod>In subsection (3), for “215A(2)(a)” substitute <quotedText>“215ZA(2)(a), 215A(2)(a) or 215AA(2)(a) (as applicable)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-50-5"><num>(5)</num><content><p><mod>In the heading, for “215A and” substitute <quotedText>“215ZA to”</quotedText>.</mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-51" class="schProv1"><num>51</num><content><p><mod>In section 215D (proceeds of realisation), in subsection (1)(b), after “section” insert <quotedText>“215ZA or”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-52" class="schProv1"><num>52</num><content><p><mod>For the italic heading before section 215, substitute <quotedText>“Enforcement: money, cryptoassets and personal property”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-53" class="schProv1"><num>53</num><content><p><mod>In section 217 (powers of court and receiver etc), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>Subsection (2)(a) does not apply to—</p></intro><level class="para1"><num>(a)</num><content><p>the power conferred on a court by paragraph (e) of section 199(2) (which enables the court to give a receiver the power to destroy cryptoassets),</p></content></level><level class="para1"><num>(b)</num><content><p>a power conferred on a receiver by virtue of that paragraph, or</p></content></level><level class="para1"><num>(c)</num><content><p>the power conferred on a magistrates’ court by section 215AA (power to order destruction of cryptoassets).</p></content></level></subsection></quotedStructure></mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e41438"><heading>Interpretation and miscellaneous provision</heading><paragraph eId="schedule-8-paragraph-54" class="schProv1"><num>54</num><content><p><mod>After section 232 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>232A</num><heading>Cryptoassets etc</heading><subsection><num>(1)</num><content><p>“<term refersTo="#term-cryptoasset">Cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically.</p></content></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-crypto-wallet">Crypto wallet</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>software,</p></content></level><level class="para1"><num>(b)</num><content><p>hardware,</p></content></level><level class="para1"><num>(c)</num><content><p>a physical item, or</p></content></level><level class="para1"><num>(d)</num><content><p>any combination of the things mentioned in paragraphs (a) to (c),</p></content></level><wrapUp><p>which is used to store the cryptographic private key that allows cryptoassets to be accessed.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>“<term refersTo="#term-cryptoasset-related-item">Cryptoasset-related item</term>” has the meaning given in section 195C(5B).</p></content></subsection><subsection><num>(4)</num><intro><p>The circumstances in which a cryptoasset is taken to be “destroyed” include circumstances where it is—</p></intro><level class="para1"><num>(a)</num><content><p>disposed of,</p></content></level><level class="para1"><num>(b)</num><content><p>transferred, or</p></content></level><level class="para1"><num>(c)</num><content><p>otherwise dealt with,</p></content></level><wrapUp><p>in such a way as to ensure, or to make it virtually certain, that it will not be the subject of any further transactions or be dealt with again in any other way.</p></wrapUp></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions of “cryptoasset” and “crypto wallet” in this section.</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State must consult the Department of Justice in Northern Ireland before making regulations under subsection (5).</p></content></subsection></section></quotedStructure></mod></p></content></paragraph></hcontainer></part><part eId="schedule-8-part-4"><num>PART 4</num><heading>Regulations</heading><paragraph eId="schedule-8-paragraph-55" class="schProv1"><num>55</num><subparagraph eId="schedule-8-paragraph-55-1"><num>(1)</num><content><p>Section 459 of the Proceeds of Crime Act 2002 is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-55-2"><num>(2)</num><content><p><mod>In subsection (4), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(azza)</num><intro><p>regulations under—</p></intro><level class="para2"><num>(i)</num><content><p>section 67ZB(5) or 84A(5);</p></content></level><level class="para2"><num>(ii)</num><content><p>section 131ZC(5) or 150A(5);</p></content></level><level class="para2"><num>(iii)</num><content><p>section 251ZB(5) or 232A(5);</p></content></level></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-55-3"><num>(3)</num><content><p><mod>After subsection (6ZA) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6ZAA)</num><intro><p>No regulations may be made by the Secretary of State under any of the following provisions unless a draft of the regulations has been laid before Parliament and approved by a resolution of each House--</p></intro><level class="para1"><num>(a)</num><content><p>section 67ZB(5) or 84A(5);</p></content></level><level class="para1"><num>(b)</num><content><p>section 131ZC(5) or 150A(5);</p></content></level><level class="para1"><num>(c)</num><content><p>section 251ZB(5) or 232A(5).</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph></paragraph></part></hcontainer>
<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-part-1"><num>PART 1</num><heading>England and Wales</heading><hcontainer name="crossheading" class="schGroup7" eId="d28e37904"><heading>Introductory</heading><paragraph eId="schedule-8-paragraph-1" class="schProv1"><num>1</num><content><p>Part 2 of the Proceeds of Crime Act 2002 (confiscation: England and Wales) is amended as follows.</p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e37915"><heading>Seizure of property</heading><paragraph eId="schedule-8-paragraph-2" class="schProv1"><num>2</num><intro><p>In section 47B (conditions for exercise of seizure powers)—</p></intro><level class="para1" eId="schedule-8-paragraph-2-a"><num>(a)</num><content><p>in subsection (2), omit paragraph (b);</p></content></level><level class="para1" eId="schedule-8-paragraph-2-b"><num>(b)</num><content><p>in subsection (3), omit paragraph (b).</p></content></level></paragraph><paragraph eId="schedule-8-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-8-paragraph-3-1"><num>(1)</num><content><p>Section 47C (power to seize property) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-3-2"><num>(2)</num><content><p><mod>In subsection (2), after “not” insert <quotedText>“under subsection (1)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-3-3"><num>(3)</num><content><p><mod>After subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(5A)</num><content><p>On being satisfied as mentioned in section 47B(1) an appropriate officer may seize any free property if the officer has reasonable grounds for suspecting that it is a cryptoasset-related item.</p></content></subsection><subsection><num>(5B)</num><content><p>A “cryptoasset-related item” is an item of property that is, or that contains or gives access to information that is, likely to assist in the seizure under subsection (1) of any cryptoasset.</p></content></subsection><subsection><num>(5C)</num><content><p>The circumstances in which a cryptoasset is “<term refersTo="#term-seized">seized</term>” for the purposes of subsection (1) include circumstances in which it is transferred into a crypto wallet controlled by the appropriate officer.</p></content></subsection><subsection><num>(5D)</num><intro><p>If an appropriate officer is lawfully on any premises, the officer may, for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>determining whether any property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>enabling or facilitating the seizure under subsection (1) of any cryptoasset,</p></content></level><wrapUp><p>require any information which is stored in any electronic form and accessible from the premises to be produced in a form in which it can be taken away and in which it is visible and legible, or from which it can readily be produced in a visible and legible form.</p></wrapUp></subsection><subsection><num>(5E)</num><content><p>But subsection (5D) does not authorise an appropriate officer to require a person to produce information which the person would be entitled to refuse to provide on grounds of legal professional privilege in proceedings in the High Court.</p></content></subsection><subsection><num>(5F)</num><intro><p>Where an appropriate officer has seized a cryptoasset-related item under subsection (5A), they may use any information obtained from it for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>identifying or gaining access to a crypto wallet, and</p></content></level><level class="para1"><num>(b)</num><content><p>by doing so, enabling or facilitating the seizure under subsection (1) of any cryptoassets.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-4" class="schProv1"><num>4</num><content><p><mod>In section 47R (release of property), in subsection (3)(b), at the end insert <quotedText>“or (5A)”</quotedText>.</mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e38042"><heading>Detention and release of property</heading><paragraph eId="schedule-8-paragraph-5" class="schProv1"><num>5</num><content><p><mod>In section 47K (further detention pending making of restraint order), after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e38054"><num>(5)</num><content><p>Exempt property seized under section 47C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(6)</num><intro><p>In subsection (5)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 47C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 47G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-6" class="schProv1"><num>6</num><content><p><mod>In section 47L (further detention pending variation of restraint order), after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e38090"><num>(4)</num><content><p>Exempt property seized under section 47C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(5)</num><intro><p>In subsection (4)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 47C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 47G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-7" class="schProv1"><num>7</num><subparagraph eId="schedule-8-paragraph-7-1"><num>(1)</num><content><p>Section 47M (further detention in other cases) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-7-2"><num>(2)</num><content><p>In subsection (2)(b), omit “(within the meaning of section 47C(4))”.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-7-3"><num>(3)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e38142"><num>(2A)</num><intro><p>A magistrates’ court may by order extend the period for which the property may be detained under section 47J if satisfied that—</p></intro><level class="para1"><num>(a)</num><content><p>any of the conditions in section 47B is met (reading references in that section to the officer as references to the court),</p></content></level><level class="para1"><num>(b)</num><content><p>the property is free property, and</p></content></level><level class="para1"><num>(c)</num><content><p>there are reasonable grounds for suspecting that the property is a cryptoasset-related item.</p></content></level></subsection><subsection><num>(2B)</num><intro><p>An order under subsection (2A) may not be made in respect of exempt property unless the court is satisfied that the person applying for the order is working diligently and expeditiously—</p></intro><level class="para1"><num>(a)</num><content><p>to determine whether the property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>if it has already been determined to be such an item, to seize any related cryptoassets under section 47C(1).</p></content></level></subsection><subsection><num>(2C)</num><intro><p>An order under subsection (2A) may not extend the period for which the property may be detained beyond the period of—</p></intro><level class="para1"><num>(a)</num><content><p>six months beginning with the date of the order, or</p></content></level><level class="para1" eId="d28e38196"><num>(b)</num><content><p>in the case of exempt property, 14 days beginning with that date.</p></content></level><wrapUp><p>This does not prevent the period from being further extended by another order under this section.</p></wrapUp></subsection><subsection><num>(2D)</num><content><p>The period of 14 days referred to in subsection (2C)(b) is to be calculated in accordance with section 47H(7) (reading the reference there to 48 hours as a reference to 14 days).</p></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-7-4"><num>(4)</num><content><p><mod>In subsection (6), after “section” insert <quotedText startQuote="“">—</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 47C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-8" class="schProv1"><num>8</num><content><p><mod>In section 47R (release of property), after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e38239"><num>(6)</num><intro><p>If a cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, the appropriate officer may—</p></intro><level class="para1"><num>(a)</num><content><p>retain the item and deal with it as they see fit,</p></content></level><level class="para1"><num>(b)</num><content><p>dispose of the item, or</p></content></level><level class="para1"><num>(c)</num><content><p>destroy the item.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The powers in subsection (6) may be exercised only—</p></intro><level class="para1"><num>(a)</num><intro><p>where the appropriate officer has taken reasonable steps to notify—</p></intro><level class="para2"><num>(i)</num><content><p>the person from whom the item was seized, and</p></content></level><level class="para2"><num>(ii)</num><content><p>any other persons who the appropriate officer has reasonable grounds to believe have an interest in the item,</p></content></level><wrapUp><p>that the item has been released, and</p></wrapUp></level><level class="para1" eId="d28e38289"><num>(b)</num><content><p>with the approval of a senior officer.</p></content></level></subsection><subsection><num>(8)</num><content><p>“Senior officer” in subsection (7)(b) has the meaning given in section 47G(3).</p></content></subsection><subsection><num>(9)</num><content><p>Any proceeds of a disposal of the item are to be paid into the Consolidated Fund.</p></content></subsection></quotedStructure></mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e38307"><heading>Property held by persons subject to confiscation orders: destruction, realisation etc</heading><paragraph eId="schedule-8-paragraph-9" class="schProv1"><num>9</num><content><p><mod>In section 10A (determination of extent of defendant’s interest in property), in subsection (3)(a), after “realisation” insert <quotedText>“or destruction”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-10" class="schProv1"><num>10</num><subparagraph eId="schedule-8-paragraph-10-1"><num>(1)</num><content><p>Section 51 (powers of enforcement receiver) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-10-2"><num>(2)</num><content><p><mod>In subsection (2), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e38340"><num>(e)</num><content><p>so far as the property consists of cryptoassets, power to destroy the property.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-10-3"><num>(3)</num><content><p><mod>In subsection (8)(a), for “or (c)” substitute <quotedText>“, (c) or (e)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-10-4"><num>(4)</num><content><p><mod>After subsection (9) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(9A)</num><intro><p>The court may confer the power mentioned in subsection (2)(e) only where—</p></intro><level class="para1"><num>(a)</num><content><p>it is not reasonably practicable to realise the cryptoassets in question, or</p></content></level><level class="para1"><num>(b)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></subsection><subsection><num>(9B)</num><intro><p>An order conferring that power—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the court’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may confer power to destroy the cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(9C)</num><content><p>If the receiver destroys any cryptoassets in the exercise of that power, the defendant is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-11" class="schProv1"><num>11</num><subparagraph eId="schedule-8-paragraph-11-1"><num>(1)</num><content><p>Section 67 (seized money) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-11-2"><num>(2)</num><content><p><mod>In subsection (1)(b), for “bank or a building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-11-3"><num>(3)</num><intro><p>In subsection (5A)—</p></intro><level class="para1" eId="schedule-8-paragraph-11-3-a"><num>(a)</num><content><p><mod>for “a bank or building society” substitute <quotedText>“a relevant financial institution”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-8-paragraph-11-3-b"><num>(b)</num><content><p><mod>for “the bank or building society” substitute <quotedText>“the relevant financial institution”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-8-paragraph-11-4"><num>(4)</num><content><p><mod>In subsection (6), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-11-5"><num>(5)</num><content><p><mod>In subsection (7A), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-11-6"><num>(6)</num><intro><p>In subsection (8)—</p></intro><level class="para1" eId="schedule-8-paragraph-11-6-a"><num>(a)</num><content><p><mod>in paragraph (a) of the definition of “appropriate person”, for the words from “a bank” to the end substitute <quotedText>“a relevant financial institution, the relevant financial institution”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-8-paragraph-11-6-b"><num>(b)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-electronic-money-institution">electronic money institution</term>” has the same meaning as in the Electronic Money Regulations 2011 (<ref eId="c00038" href="http://www.legislation.gov.uk/id/uksi/2011/99">S.I. 2011/99</ref>) (see regulation 2 of those Regulations);</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-payment-institution">payment institution</term>” means an authorised payment institution or a small payment institution (each as defined in regulation 2 of the Payment Services Regulations 2017 (<ref eId="c00039" href="http://www.legislation.gov.uk/id/uksi/2017/752">S.I. 2017/752</ref>));</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-financial-institution">relevant financial institution</term>” means a bank, a building society, an electronic money institution or a payment institution;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-8-paragraph-11-7"><num>(7)</num><content><p><mod>For the heading substitute <quotedText>“Money”</quotedText>.</mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-12" class="schProv1"><num>12</num><content><p><mod>After section 67 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>67ZA</num><heading>Cryptoassets</heading><subsection><num>(1)</num><intro><p>This section applies to cryptoassets which—</p></intro><level class="para1"><num>(a)</num><content><p>are held by a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>are held in a crypto wallet administered by a UK-connected cryptoasset service provider,</p></content></level><wrapUp><p>but only so far as the cryptoassets are free property.</p></wrapUp></subsection><subsection><num>(2)</num><intro><p>Subsection (3) applies if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against a person holding cryptoassets to which this section applies, and</p></content></level><level class="para1"><num>(b)</num><content><p>a receiver has not been appointed under section 50 in relation to the cryptoassets.</p></content></level></subsection><subsection><num>(3)</num><intro><p>A magistrates’ court may order the UK-connected cryptoasset service provider which administers the crypto wallet in which the cryptoassets are held—</p></intro><level class="para1"><num>(a)</num><content><p>to realise the cryptoassets, or a portion of the cryptoassets having a specified value,</p></content></level><level class="para1"><num>(b)</num><content><p>to pay the proceeds of that realisation to the designated officer for the court on account of, and up to a maximum of, the amount payable under the confiscation order, and</p></content></level><level class="para1"><num>(c)</num><content><p>to the extent that the proceeds of the realisation exceed the amount payable under the confiscation order, to pay the excess to an appropriate officer identified in the order.</p></content></level><wrapUp><p>“<term refersTo="#term-appropriate-officer">Appropriate officer</term>” has the same meaning as in section 41A.</p></wrapUp></subsection><subsection><num>(4)</num><content><p>A person applying for an order under subsection (3) must give notice of the application to the UK-connected cryptoasset service provider.</p></content></subsection><subsection><num>(5)</num><intro><p>Where the crypto wallet in which the cryptoassets are held is administered on behalf of someone other than the person against whom the confiscation order is made, a magistrates’ court—</p></intro><level class="para1"><num>(a)</num><content><p>may make an order under subsection (3) only if the extent of the person’s interest in the money has been determined under section 10A, and</p></content></level><level class="para1"><num>(b)</num><content><p>must have regard to that determination in deciding what is the appropriate order to make.</p></content></level></subsection><subsection><num>(6)</num><intro><p>If a UK-connected cryptoasset service provider fails to comply with an order under subsection (3)—</p></intro><level class="para1"><num>(a)</num><content><p>the magistrates’ court may order it to pay an amount not exceeding £5,000, and</p></content></level><level class="para1"><num>(b)</num><content><p>for the purposes of the Magistrates’ Courts Act 1980 the sum is to be treated as adjudged to be paid by a conviction of the court.</p></content></level></subsection><subsection><num>(7)</num><content><p>In order to take account of changes in the value of money the Secretary of State may by order substitute another sum for the sum for the time being specified in subsection (6)(a).</p></content></subsection><subsection><num>(8)</num><intro><p>Where a UK-connected cryptoasset service provider—</p></intro><level class="para1"><num>(a)</num><content><p>is required by an order under subsection (3) to realise a portion of cryptoassets having a specified value, but</p></content></level><level class="para1"><num>(b)</num><content><p>on realising cryptoassets under the order, obtains proceeds of an amount which differs from that value,</p></content></level><wrapUp><p>it does not fail to comply with the order solely because of that difference in value, provided that it took reasonable steps to obtain proceeds equal to the value specified.</p></wrapUp></subsection></section><section><num>67ZB</num><heading>Meaning of “UK-connected cryptoasset service provider”</heading><subsection><num>(1)</num><intro><p>“UK-connected cryptoasset service provider” in section 67ZA means a cryptoasset service provider which—</p></intro><level class="para1"><num>(a)</num><content><p>is acting in the course of business carried on by it in the United Kingdom,</p></content></level><level class="para1"><num>(b)</num><content><p>has terms and conditions with the persons to whom it provides services which provide for a legal dispute to be litigated in the courts of a part of the United Kingdom,</p></content></level><level class="para1"><num>(c)</num><content><p>holds in the United Kingdom any data relating to the persons to whom it provides services, or</p></content></level><level class="para1"><num>(d)</num><content><p>meets the condition in subsection (2).</p></content></level></subsection><subsection><num>(2)</num><intro><p>The condition in this subsection is that—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider has its registered office or, if it does not have one, its head office in the United Kingdom, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in the United Kingdom.</p></content></level></subsection><subsection><num>(3)</num><intro><p>“Cryptoasset service provider” in subsections (1) and (2) includes a cryptoasset exchange provider and a custodian wallet provider; and for this purpose—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para1"><num>(a)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets;</p></content></level><level class="para1"><num>(b)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another;</p></content></level><level class="para1"><num>(c)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para1"><num>(b)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets.</p></content></level></hcontainer></subsection><subsection><num>(4)</num><content><p>In the definition of “cryptoasset exchange provider” in subsection (3), “<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, a cryptoasset.</p></content></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions in subsection (3) (including by amending subsection (4)).</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-13" class="schProv1"><num>13</num><content><p><mod>After section 67A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>67AA</num><heading>Destruction of seized cryptoassets</heading><subsection><num>(1)</num><content><p>This section applies to cryptoassets which are held by a person and which have been seized by an appropriate officer under a relevant seizure power.</p></content></subsection><subsection><num>(2)</num><intro><p>A magistrates’ court may by order authorise an appropriate officer to destroy the cryptoassets if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against the person by whom the cryptoassets are held,</p></content></level><level class="para1"><num>(b)</num><content><p>a receiver has not been appointed under section 50 in relation to the cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>it is not reasonably practicable to realise the cryptoassets, or</p></content></level><level class="para2"><num>(ii)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></level></subsection><subsection><num>(3)</num><intro><p>An order under this section—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the court’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may authorise the destruction of cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(4)</num><content><p>Before making an order under this section, the court must give persons who hold interests in the cryptoassets a reasonable opportunity to make representations to it.</p></content></subsection><subsection><num>(5)</num><content><p>If cryptoassets held by a person are destroyed following an order under this section, the person is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-appropriate-officer">appropriate officer</term>” and “<term refersTo="#term-relevant-seizure-power">relevant seizure power</term>” have the same meaning as in section 41A.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-14" class="schProv1"><num>14</num><subparagraph eId="schedule-8-paragraph-14-1"><num>(1)</num><content><p>Section 67C (sections 67A and 67B: appeals) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-14-2"><num>(2)</num><content><p><mod>In subsection (1), for “67A” substitute <quotedText>“67ZA(3), 67A(3) or 67AA(2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-14-3"><num>(3)</num><content><p><mod>In subsection (2), for “67A” substitute <quotedText>“67ZA(3), 67A(3) or 67AA(2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-14-4"><num>(4)</num><content><p><mod>In subsection (3), for “67A(2)(a)” substitute <quotedText>“67ZA(2)(a), 67A(3)(a) or 67AA(2)(a) (as applicable)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-14-5"><num>(5)</num><content><p><mod>In the heading, for “67A and” substitute <quotedText>“67ZA to”</quotedText>.</mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-15" class="schProv1"><num>15</num><content><p><mod>In section 67D (proceeds of realisation), in subsection (1)(b), after “section” insert <quotedText>“67ZA or”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-16" class="schProv1"><num>16</num><content><p><mod>For the italic heading before section 67, substitute <quotedText>“Enforcement: money, cryptoassets and personal property”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-17" class="schProv1"><num>17</num><content><p><mod>In section 69 (powers of court and receiver etc), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>Subsection (2)(a) does not apply to—</p></intro><level class="para1"><num>(a)</num><content><p>the power conferred on a court by paragraph (e) of section 51(2) (which enables the court to give a receiver the power to destroy cryptoassets),</p></content></level><level class="para1"><num>(b)</num><content><p>a power conferred on a receiver by virtue of that paragraph, or</p></content></level><level class="para1"><num>(c)</num><content><p>the power conferred on a magistrates’ court by section 67AA (power to order destruction of cryptoassets).</p></content></level></subsection></quotedStructure></mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e39004"><heading>Interpretation and miscellaneous provision</heading><paragraph eId="schedule-8-paragraph-18" class="schProv1"><num>18</num><content><p><mod>After section 84 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>84A</num><heading>Cryptoassets etc</heading><subsection><num>(1)</num><content><p>“<term refersTo="#term-cryptoasset">Cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically.</p></content></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-crypto-wallet">Crypto wallet</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>software,</p></content></level><level class="para1"><num>(b)</num><content><p>hardware,</p></content></level><level class="para1"><num>(c)</num><content><p>a physical item, or</p></content></level><level class="para1"><num>(d)</num><content><p>any combination of the things mentioned in paragraphs (a) to (c),</p></content></level><wrapUp><p>which is used to store the cryptographic private key that allows cryptoassets to be accessed.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>“<term refersTo="#term-cryptoasset-related-item">Cryptoasset-related item</term>” has the meaning given in section 47C(5B).</p></content></subsection><subsection><num>(4)</num><intro><p>The circumstances in which a cryptoasset is taken to be “destroyed” include circumstances where it is—</p></intro><level class="para1"><num>(a)</num><content><p>disposed of,</p></content></level><level class="para1"><num>(b)</num><content><p>transferred, or</p></content></level><level class="para1"><num>(c)</num><content><p>otherwise dealt with,</p></content></level><wrapUp><p>in such a way as to ensure, or to make it virtually certain, that it will not be the subject of any further transactions or be dealt with again in any other way.</p></wrapUp></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions of “cryptoasset” and “crypto wallet” in this section.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph></hcontainer></part>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d28e37904"><heading>Introductory</heading><paragraph eId="schedule-8-paragraph-1" class="schProv1"><num>1</num><content><p>Part 2 of the Proceeds of Crime Act 2002 (confiscation: England and Wales) is amended as follows.</p></content></paragraph></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d28e37915"><heading>Seizure of property</heading><paragraph eId="schedule-8-paragraph-2" class="schProv1"><num>2</num><intro><p>In section 47B (conditions for exercise of seizure powers)—</p></intro><level class="para1" eId="schedule-8-paragraph-2-a"><num>(a)</num><content><p>in subsection (2), omit paragraph (b);</p></content></level><level class="para1" eId="schedule-8-paragraph-2-b"><num>(b)</num><content><p>in subsection (3), omit paragraph (b).</p></content></level></paragraph><paragraph eId="schedule-8-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-8-paragraph-3-1"><num>(1)</num><content><p>Section 47C (power to seize property) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-3-2"><num>(2)</num><content><p><mod>In subsection (2), after “not” insert <quotedText>“under subsection (1)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-3-3"><num>(3)</num><content><p><mod>After subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(5A)</num><content><p>On being satisfied as mentioned in section 47B(1) an appropriate officer may seize any free property if the officer has reasonable grounds for suspecting that it is a cryptoasset-related item.</p></content></subsection><subsection><num>(5B)</num><content><p>A “cryptoasset-related item” is an item of property that is, or that contains or gives access to information that is, likely to assist in the seizure under subsection (1) of any cryptoasset.</p></content></subsection><subsection><num>(5C)</num><content><p>The circumstances in which a cryptoasset is “<term refersTo="#term-seized">seized</term>” for the purposes of subsection (1) include circumstances in which it is transferred into a crypto wallet controlled by the appropriate officer.</p></content></subsection><subsection><num>(5D)</num><intro><p>If an appropriate officer is lawfully on any premises, the officer may, for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>determining whether any property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>enabling or facilitating the seizure under subsection (1) of any cryptoasset,</p></content></level><wrapUp><p>require any information which is stored in any electronic form and accessible from the premises to be produced in a form in which it can be taken away and in which it is visible and legible, or from which it can readily be produced in a visible and legible form.</p></wrapUp></subsection><subsection><num>(5E)</num><content><p>But subsection (5D) does not authorise an appropriate officer to require a person to produce information which the person would be entitled to refuse to provide on grounds of legal professional privilege in proceedings in the High Court.</p></content></subsection><subsection><num>(5F)</num><intro><p>Where an appropriate officer has seized a cryptoasset-related item under subsection (5A), they may use any information obtained from it for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>identifying or gaining access to a crypto wallet, and</p></content></level><level class="para1"><num>(b)</num><content><p>by doing so, enabling or facilitating the seizure under subsection (1) of any cryptoassets.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-4" class="schProv1"><num>4</num><content><p><mod>In section 47R (release of property), in subsection (3)(b), at the end insert <quotedText>“or (5A)”</quotedText>.</mod></p></content></paragraph></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d28e38042"><heading>Detention and release of property</heading><paragraph eId="schedule-8-paragraph-5" class="schProv1"><num>5</num><content><p><mod>In section 47K (further detention pending making of restraint order), after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e38054"><num>(5)</num><content><p>Exempt property seized under section 47C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(6)</num><intro><p>In subsection (5)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 47C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 47G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-6" class="schProv1"><num>6</num><content><p><mod>In section 47L (further detention pending variation of restraint order), after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e38090"><num>(4)</num><content><p>Exempt property seized under section 47C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(5)</num><intro><p>In subsection (4)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 47C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 47G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-7" class="schProv1"><num>7</num><subparagraph eId="schedule-8-paragraph-7-1"><num>(1)</num><content><p>Section 47M (further detention in other cases) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-7-2"><num>(2)</num><content><p>In subsection (2)(b), omit “(within the meaning of section 47C(4))”.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-7-3"><num>(3)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e38142"><num>(2A)</num><intro><p>A magistrates’ court may by order extend the period for which the property may be detained under section 47J if satisfied that—</p></intro><level class="para1"><num>(a)</num><content><p>any of the conditions in section 47B is met (reading references in that section to the officer as references to the court),</p></content></level><level class="para1"><num>(b)</num><content><p>the property is free property, and</p></content></level><level class="para1"><num>(c)</num><content><p>there are reasonable grounds for suspecting that the property is a cryptoasset-related item.</p></content></level></subsection><subsection><num>(2B)</num><intro><p>An order under subsection (2A) may not be made in respect of exempt property unless the court is satisfied that the person applying for the order is working diligently and expeditiously—</p></intro><level class="para1"><num>(a)</num><content><p>to determine whether the property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>if it has already been determined to be such an item, to seize any related cryptoassets under section 47C(1).</p></content></level></subsection><subsection><num>(2C)</num><intro><p>An order under subsection (2A) may not extend the period for which the property may be detained beyond the period of—</p></intro><level class="para1"><num>(a)</num><content><p>six months beginning with the date of the order, or</p></content></level><level class="para1" eId="d28e38196"><num>(b)</num><content><p>in the case of exempt property, 14 days beginning with that date.</p></content></level><wrapUp><p>This does not prevent the period from being further extended by another order under this section.</p></wrapUp></subsection><subsection><num>(2D)</num><content><p>The period of 14 days referred to in subsection (2C)(b) is to be calculated in accordance with section 47H(7) (reading the reference there to 48 hours as a reference to 14 days).</p></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-7-4"><num>(4)</num><content><p><mod>In subsection (6), after “section” insert <quotedText startQuote="“">—</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 47C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-8" class="schProv1"><num>8</num><content><p><mod>In section 47R (release of property), after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e38239"><num>(6)</num><intro><p>If a cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, the appropriate officer may—</p></intro><level class="para1"><num>(a)</num><content><p>retain the item and deal with it as they see fit,</p></content></level><level class="para1"><num>(b)</num><content><p>dispose of the item, or</p></content></level><level class="para1"><num>(c)</num><content><p>destroy the item.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The powers in subsection (6) may be exercised only—</p></intro><level class="para1"><num>(a)</num><intro><p>where the appropriate officer has taken reasonable steps to notify—</p></intro><level class="para2"><num>(i)</num><content><p>the person from whom the item was seized, and</p></content></level><level class="para2"><num>(ii)</num><content><p>any other persons who the appropriate officer has reasonable grounds to believe have an interest in the item,</p></content></level><wrapUp><p>that the item has been released, and</p></wrapUp></level><level class="para1" eId="d28e38289"><num>(b)</num><content><p>with the approval of a senior officer.</p></content></level></subsection><subsection><num>(8)</num><content><p>“Senior officer” in subsection (7)(b) has the meaning given in section 47G(3).</p></content></subsection><subsection><num>(9)</num><content><p>Any proceeds of a disposal of the item are to be paid into the Consolidated Fund.</p></content></subsection></quotedStructure></mod></p></content></paragraph></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d28e38307"><heading>Property held by persons subject to confiscation orders: destruction, realisation etc</heading><paragraph eId="schedule-8-paragraph-9" class="schProv1"><num>9</num><content><p><mod>In section 10A (determination of extent of defendant’s interest in property), in subsection (3)(a), after “realisation” insert <quotedText>“or destruction”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-10" class="schProv1"><num>10</num><subparagraph eId="schedule-8-paragraph-10-1"><num>(1)</num><content><p>Section 51 (powers of enforcement receiver) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-10-2"><num>(2)</num><content><p><mod>In subsection (2), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e38340"><num>(e)</num><content><p>so far as the property consists of cryptoassets, power to destroy the property.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-10-3"><num>(3)</num><content><p><mod>In subsection (8)(a), for “or (c)” substitute <quotedText>“, (c) or (e)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-10-4"><num>(4)</num><content><p><mod>After subsection (9) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(9A)</num><intro><p>The court may confer the power mentioned in subsection (2)(e) only where—</p></intro><level class="para1"><num>(a)</num><content><p>it is not reasonably practicable to realise the cryptoassets in question, or</p></content></level><level class="para1"><num>(b)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></subsection><subsection><num>(9B)</num><intro><p>An order conferring that power—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the court’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may confer power to destroy the cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(9C)</num><content><p>If the receiver destroys any cryptoassets in the exercise of that power, the defendant is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-11" class="schProv1"><num>11</num><subparagraph eId="schedule-8-paragraph-11-1"><num>(1)</num><content><p>Section 67 (seized money) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-11-2"><num>(2)</num><content><p><mod>In subsection (1)(b), for “bank or a building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-11-3"><num>(3)</num><intro><p>In subsection (5A)—</p></intro><level class="para1" eId="schedule-8-paragraph-11-3-a"><num>(a)</num><content><p><mod>for “a bank or building society” substitute <quotedText>“a relevant financial institution”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-8-paragraph-11-3-b"><num>(b)</num><content><p><mod>for “the bank or building society” substitute <quotedText>“the relevant financial institution”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-8-paragraph-11-4"><num>(4)</num><content><p><mod>In subsection (6), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-11-5"><num>(5)</num><content><p><mod>In subsection (7A), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-11-6"><num>(6)</num><intro><p>In subsection (8)—</p></intro><level class="para1" eId="schedule-8-paragraph-11-6-a"><num>(a)</num><content><p><mod>in paragraph (a) of the definition of “appropriate person”, for the words from “a bank” to the end substitute <quotedText>“a relevant financial institution, the relevant financial institution”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-8-paragraph-11-6-b"><num>(b)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-electronic-money-institution">electronic money institution</term>” has the same meaning as in the Electronic Money Regulations 2011 (<ref eId="c00038" href="http://www.legislation.gov.uk/id/uksi/2011/99">S.I. 2011/99</ref>) (see regulation 2 of those Regulations);</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-payment-institution">payment institution</term>” means an authorised payment institution or a small payment institution (each as defined in regulation 2 of the Payment Services Regulations 2017 (<ref eId="c00039" href="http://www.legislation.gov.uk/id/uksi/2017/752">S.I. 2017/752</ref>));</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-financial-institution">relevant financial institution</term>” means a bank, a building society, an electronic money institution or a payment institution;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-8-paragraph-11-7"><num>(7)</num><content><p><mod>For the heading substitute <quotedText>“Money”</quotedText>.</mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-12" class="schProv1"><num>12</num><content><p><mod>After section 67 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>67ZA</num><heading>Cryptoassets</heading><subsection><num>(1)</num><intro><p>This section applies to cryptoassets which—</p></intro><level class="para1"><num>(a)</num><content><p>are held by a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>are held in a crypto wallet administered by a UK-connected cryptoasset service provider,</p></content></level><wrapUp><p>but only so far as the cryptoassets are free property.</p></wrapUp></subsection><subsection><num>(2)</num><intro><p>Subsection (3) applies if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against a person holding cryptoassets to which this section applies, and</p></content></level><level class="para1"><num>(b)</num><content><p>a receiver has not been appointed under section 50 in relation to the cryptoassets.</p></content></level></subsection><subsection><num>(3)</num><intro><p>A magistrates’ court may order the UK-connected cryptoasset service provider which administers the crypto wallet in which the cryptoassets are held—</p></intro><level class="para1"><num>(a)</num><content><p>to realise the cryptoassets, or a portion of the cryptoassets having a specified value,</p></content></level><level class="para1"><num>(b)</num><content><p>to pay the proceeds of that realisation to the designated officer for the court on account of, and up to a maximum of, the amount payable under the confiscation order, and</p></content></level><level class="para1"><num>(c)</num><content><p>to the extent that the proceeds of the realisation exceed the amount payable under the confiscation order, to pay the excess to an appropriate officer identified in the order.</p></content></level><wrapUp><p>“<term refersTo="#term-appropriate-officer">Appropriate officer</term>” has the same meaning as in section 41A.</p></wrapUp></subsection><subsection><num>(4)</num><content><p>A person applying for an order under subsection (3) must give notice of the application to the UK-connected cryptoasset service provider.</p></content></subsection><subsection><num>(5)</num><intro><p>Where the crypto wallet in which the cryptoassets are held is administered on behalf of someone other than the person against whom the confiscation order is made, a magistrates’ court—</p></intro><level class="para1"><num>(a)</num><content><p>may make an order under subsection (3) only if the extent of the person’s interest in the money has been determined under section 10A, and</p></content></level><level class="para1"><num>(b)</num><content><p>must have regard to that determination in deciding what is the appropriate order to make.</p></content></level></subsection><subsection><num>(6)</num><intro><p>If a UK-connected cryptoasset service provider fails to comply with an order under subsection (3)—</p></intro><level class="para1"><num>(a)</num><content><p>the magistrates’ court may order it to pay an amount not exceeding £5,000, and</p></content></level><level class="para1"><num>(b)</num><content><p>for the purposes of the Magistrates’ Courts Act 1980 the sum is to be treated as adjudged to be paid by a conviction of the court.</p></content></level></subsection><subsection><num>(7)</num><content><p>In order to take account of changes in the value of money the Secretary of State may by order substitute another sum for the sum for the time being specified in subsection (6)(a).</p></content></subsection><subsection><num>(8)</num><intro><p>Where a UK-connected cryptoasset service provider—</p></intro><level class="para1"><num>(a)</num><content><p>is required by an order under subsection (3) to realise a portion of cryptoassets having a specified value, but</p></content></level><level class="para1"><num>(b)</num><content><p>on realising cryptoassets under the order, obtains proceeds of an amount which differs from that value,</p></content></level><wrapUp><p>it does not fail to comply with the order solely because of that difference in value, provided that it took reasonable steps to obtain proceeds equal to the value specified.</p></wrapUp></subsection></section><section><num>67ZB</num><heading>Meaning of “UK-connected cryptoasset service provider”</heading><subsection><num>(1)</num><intro><p>“UK-connected cryptoasset service provider” in section 67ZA means a cryptoasset service provider which—</p></intro><level class="para1"><num>(a)</num><content><p>is acting in the course of business carried on by it in the United Kingdom,</p></content></level><level class="para1"><num>(b)</num><content><p>has terms and conditions with the persons to whom it provides services which provide for a legal dispute to be litigated in the courts of a part of the United Kingdom,</p></content></level><level class="para1"><num>(c)</num><content><p>holds in the United Kingdom any data relating to the persons to whom it provides services, or</p></content></level><level class="para1"><num>(d)</num><content><p>meets the condition in subsection (2).</p></content></level></subsection><subsection><num>(2)</num><intro><p>The condition in this subsection is that—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider has its registered office or, if it does not have one, its head office in the United Kingdom, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in the United Kingdom.</p></content></level></subsection><subsection><num>(3)</num><intro><p>“Cryptoasset service provider” in subsections (1) and (2) includes a cryptoasset exchange provider and a custodian wallet provider; and for this purpose—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para1"><num>(a)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets;</p></content></level><level class="para1"><num>(b)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another;</p></content></level><level class="para1"><num>(c)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para1"><num>(b)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets.</p></content></level></hcontainer></subsection><subsection><num>(4)</num><content><p>In the definition of “cryptoasset exchange provider” in subsection (3), “<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, a cryptoasset.</p></content></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions in subsection (3) (including by amending subsection (4)).</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-13" class="schProv1"><num>13</num><content><p><mod>After section 67A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>67AA</num><heading>Destruction of seized cryptoassets</heading><subsection><num>(1)</num><content><p>This section applies to cryptoassets which are held by a person and which have been seized by an appropriate officer under a relevant seizure power.</p></content></subsection><subsection><num>(2)</num><intro><p>A magistrates’ court may by order authorise an appropriate officer to destroy the cryptoassets if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against the person by whom the cryptoassets are held,</p></content></level><level class="para1"><num>(b)</num><content><p>a receiver has not been appointed under section 50 in relation to the cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>it is not reasonably practicable to realise the cryptoassets, or</p></content></level><level class="para2"><num>(ii)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></level></subsection><subsection><num>(3)</num><intro><p>An order under this section—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the court’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may authorise the destruction of cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(4)</num><content><p>Before making an order under this section, the court must give persons who hold interests in the cryptoassets a reasonable opportunity to make representations to it.</p></content></subsection><subsection><num>(5)</num><content><p>If cryptoassets held by a person are destroyed following an order under this section, the person is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-appropriate-officer">appropriate officer</term>” and “<term refersTo="#term-relevant-seizure-power">relevant seizure power</term>” have the same meaning as in section 41A.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-14" class="schProv1"><num>14</num><subparagraph eId="schedule-8-paragraph-14-1"><num>(1)</num><content><p>Section 67C (sections 67A and 67B: appeals) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-14-2"><num>(2)</num><content><p><mod>In subsection (1), for “67A” substitute <quotedText>“67ZA(3), 67A(3) or 67AA(2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-14-3"><num>(3)</num><content><p><mod>In subsection (2), for “67A” substitute <quotedText>“67ZA(3), 67A(3) or 67AA(2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-14-4"><num>(4)</num><content><p><mod>In subsection (3), for “67A(2)(a)” substitute <quotedText>“67ZA(2)(a), 67A(3)(a) or 67AA(2)(a) (as applicable)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-14-5"><num>(5)</num><content><p><mod>In the heading, for “67A and” substitute <quotedText>“67ZA to”</quotedText>.</mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-15" class="schProv1"><num>15</num><content><p><mod>In section 67D (proceeds of realisation), in subsection (1)(b), after “section” insert <quotedText>“67ZA or”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-16" class="schProv1"><num>16</num><content><p><mod>For the italic heading before section 67, substitute <quotedText>“Enforcement: money, cryptoassets and personal property”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-17" class="schProv1"><num>17</num><content><p><mod>In section 69 (powers of court and receiver etc), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>Subsection (2)(a) does not apply to—</p></intro><level class="para1"><num>(a)</num><content><p>the power conferred on a court by paragraph (e) of section 51(2) (which enables the court to give a receiver the power to destroy cryptoassets),</p></content></level><level class="para1"><num>(b)</num><content><p>a power conferred on a receiver by virtue of that paragraph, or</p></content></level><level class="para1"><num>(c)</num><content><p>the power conferred on a magistrates’ court by section 67AA (power to order destruction of cryptoassets).</p></content></level></subsection></quotedStructure></mod></p></content></paragraph></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d28e39004"><heading>Interpretation and miscellaneous provision</heading><paragraph eId="schedule-8-paragraph-18" class="schProv1"><num>18</num><content><p><mod>After section 84 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>84A</num><heading>Cryptoassets etc</heading><subsection><num>(1)</num><content><p>“<term refersTo="#term-cryptoasset">Cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically.</p></content></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-crypto-wallet">Crypto wallet</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>software,</p></content></level><level class="para1"><num>(b)</num><content><p>hardware,</p></content></level><level class="para1"><num>(c)</num><content><p>a physical item, or</p></content></level><level class="para1"><num>(d)</num><content><p>any combination of the things mentioned in paragraphs (a) to (c),</p></content></level><wrapUp><p>which is used to store the cryptographic private key that allows cryptoassets to be accessed.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>“<term refersTo="#term-cryptoasset-related-item">Cryptoasset-related item</term>” has the meaning given in section 47C(5B).</p></content></subsection><subsection><num>(4)</num><intro><p>The circumstances in which a cryptoasset is taken to be “destroyed” include circumstances where it is—</p></intro><level class="para1"><num>(a)</num><content><p>disposed of,</p></content></level><level class="para1"><num>(b)</num><content><p>transferred, or</p></content></level><level class="para1"><num>(c)</num><content><p>otherwise dealt with,</p></content></level><wrapUp><p>in such a way as to ensure, or to make it virtually certain, that it will not be the subject of any further transactions or be dealt with again in any other way.</p></wrapUp></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions of “cryptoasset” and “crypto wallet” in this section.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph></hcontainer>
<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-part-2"><num>PART 2</num><heading>Scotland</heading><hcontainer name="crossheading" class="schGroup7" eId="d28e39113"><heading>Introductory</heading><paragraph eId="schedule-8-paragraph-19" class="schProv1"><num>19</num><content><p>Part 3 of the Proceeds of Crime Act 2002 (confiscation: Scotland) is amended as follows.</p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e39124"><heading>Seizure of property</heading><paragraph eId="schedule-8-paragraph-20" class="schProv1"><num>20</num><intro><p>In section 127B (conditions for exercise of seizure powers)—</p></intro><level class="para1" eId="schedule-8-paragraph-20-a"><num>(a)</num><content><p>in subsection (2), omit paragraph (b);</p></content></level><level class="para1" eId="schedule-8-paragraph-20-b"><num>(b)</num><content><p>in subsection (3), omit paragraph (b).</p></content></level></paragraph><paragraph eId="schedule-8-paragraph-21" class="schProv1"><num>21</num><subparagraph eId="schedule-8-paragraph-21-1"><num>(1)</num><content><p>Section 127C (power to seize property) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-21-2"><num>(2)</num><content><p><mod>In subsection (2), after “not” insert <quotedText>“under subsection (1)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-21-3"><num>(3)</num><content><p><mod>After subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(5A)</num><content><p>On being satisfied as mentioned in section 127B(1) an appropriate officer may seize any free property if the officer has reasonable grounds for suspecting that it is a cryptoasset-related item.</p></content></subsection><subsection><num>(5B)</num><content><p>A “cryptoasset-related item” is an item of property that is, or that contains or gives access to information that is, likely to assist in the seizure under subsection (1) of any cryptoasset.</p></content></subsection><subsection><num>(5C)</num><content><p>The circumstances in which a cryptoasset is “<term refersTo="#term-seized">seized</term>” for the purposes of subsection (1) include circumstances in which it is transferred into a crypto wallet controlled by the appropriate officer.</p></content></subsection><subsection><num>(5D)</num><intro><p>If an appropriate officer is lawfully on any premises, the officer may, for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>determining whether any property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>enabling or facilitating the seizure under subsection (1) of any cryptoasset,</p></content></level><wrapUp><p>require any information which is stored in any electronic form and accessible from the premises to be produced in a form in which it can be taken away and in which it is visible and legible, or from which it can readily be produced in a visible and legible form.</p></wrapUp></subsection><subsection><num>(5E)</num><content><p>But subsection (5D) does not authorise an appropriate officer to require a person to produce any items subject to legal privilege (as defined in section 412).</p></content></subsection><subsection><num>(5F)</num><intro><p>Where an appropriate officer has seized a cryptoasset-related item under subsection (5A), they may use any information obtained from it for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>identifying or gaining access to a crypto wallet, and</p></content></level><level class="para1"><num>(b)</num><content><p>by doing so, enabling or facilitating the seizure under subsection (1) of any cryptoassets.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-22" class="schProv1"><num>22</num><content><p><mod>In section 127Q (release of property), in subsection (3)(b), at the end insert <quotedText>“or (5A)”</quotedText>.</mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e39251"><heading>Detention and release of property</heading><paragraph eId="schedule-8-paragraph-23" class="schProv1"><num>23</num><content><p><mod>In section 127K (further detention pending making of restraint order), after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><content><p>Exempt property seized under section 127C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(6)</num><intro><p>In subsection (5)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 127C(4) (reading references there to the accused as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 127G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-24" class="schProv1"><num>24</num><content><p><mod>In section 127L (further detention pending variation of restraint order), after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><content><p>Exempt property seized under section 127C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(5)</num><intro><p>In subsection (4)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 127C(4) (reading references there to the accused as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 127G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-25" class="schProv1"><num>25</num><subparagraph eId="schedule-8-paragraph-25-1"><num>(1)</num><content><p>Section 127M (further detention in other cases) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-25-2"><num>(2)</num><content><p>In subsection (2)(b), omit “(within the meaning of section 127C(4))”.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-25-3"><num>(3)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>The sheriff may by order extend the period for which the property may be detained under section 127J if satisfied that—</p></intro><level class="para1"><num>(a)</num><content><p>any of the conditions in section 127B is met (reading references in that section to the officer as references to the sheriff),</p></content></level><level class="para1"><num>(b)</num><content><p>the property is free property, and</p></content></level><level class="para1"><num>(c)</num><content><p>there are reasonable grounds for suspecting that the property is a cryptoasset-related item.</p></content></level></subsection><subsection><num>(2B)</num><intro><p>An order under subsection (2A) may not be made in respect of exempt property unless the sheriff is satisfied that the person applying for the order is working diligently and expeditiously—</p></intro><level class="para1"><num>(a)</num><content><p>to determine whether the property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>if it has already been determined to be such an item, to seize any related cryptoassets under section 127C(1).</p></content></level></subsection><subsection><num>(2C)</num><intro><p>An order under subsection (2A) may not extend the period for which the property may be detained beyond the period of—</p></intro><level class="para1"><num>(a)</num><content><p>six months beginning with the date of the order, or</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of exempt property, 14 days beginning with that date.</p></content></level><wrapUp><p>This does not prevent the period from being further extended by another order under this section.</p></wrapUp></subsection><subsection><num>(2D)</num><content><p>The period of 14 days referred to in subsection (2C)(b) is to be calculated in accordance with section 127H(7) (reading the reference there to 48 hours as a reference to 14 days).</p></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-25-4"><num>(4)</num><content><p><mod>In subsection (6), after “section” insert <quotedText startQuote="“">—</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 127C(4) (reading references there to the accused as references to the person by whom the property is held);</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-26" class="schProv1"><num>26</num><content><p><mod>In section 127Q (release of property), after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6)</num><intro><p>If a cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, the appropriate officer may—</p></intro><level class="para1"><num>(a)</num><content><p>retain the item and deal with it as they see fit,</p></content></level><level class="para1"><num>(b)</num><content><p>dispose of the item, or</p></content></level><level class="para1"><num>(c)</num><content><p>destroy the item.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The powers in subsection (6) may be exercised only—</p></intro><level class="para1"><num>(a)</num><intro><p>where the appropriate officer has taken reasonable steps to notify—</p></intro><level class="para2"><num>(i)</num><content><p>the person from whom the item was seized, and</p></content></level><level class="para2"><num>(ii)</num><content><p>any other persons who the appropriate officer has reasonable grounds to believe have an interest in the item,</p></content></level><wrapUp><p>that the item has been released, and</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>with the approval of a senior officer.</p></content></level></subsection><subsection><num>(8)</num><content><p>“Senior officer” in subsection (7)(b) has the meaning given in section 127G(3).</p></content></subsection><subsection><num>(9)</num><content><p>Any proceeds of a disposal of the item are to be paid into the Scottish Consolidated Fund.</p></content></subsection></quotedStructure></mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e39516"><heading>Property held by persons subject to confiscation orders: destruction, realisation etc</heading><paragraph eId="schedule-8-paragraph-27" class="schProv1"><num>27</num><subparagraph eId="schedule-8-paragraph-27-1"><num>(1)</num><content><p>Section 128 (enforcement administrators) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-27-2"><num>(2)</num><content><p><mod>In subsection (6), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>so far as the property consists of cryptoassets, power to destroy the property.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-27-3"><num>(3)</num><content><p><mod>In subsection (11)(a), for “or (c)” substitute <quotedText>“, (c) or (d)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-27-4"><num>(4)</num><content><p><mod>After subsection (13) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(13A)</num><intro><p>The court may confer the power mentioned in subsection (6)(d) only where—</p></intro><level class="para1"><num>(a)</num><content><p>it is not reasonably practicable to realise the cryptoassets in question, or</p></content></level><level class="para1"><num>(b)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></subsection><subsection><num>(13B)</num><intro><p>An order conferring that power—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the court’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may confer power to destroy the cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(13C)</num><content><p>If the administrator destroys any cryptoassets in the exercise of that power, the accused is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-28" class="schProv1"><num>28</num><subparagraph eId="schedule-8-paragraph-28-1"><num>(1)</num><content><p>Section 131ZA (seized money) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-28-2"><num>(2)</num><content><p><mod>In subsection (1)(b), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-28-3"><num>(3)</num><content><p><mod>In subsection (7), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-28-4"><num>(4)</num><intro><p>In subsection (9)—</p></intro><level class="para1" eId="schedule-8-paragraph-28-4-a"><num>(a)</num><content><p><mod>in paragraph (a) of the definition of “appropriate person”, for the words from “a bank” to the end substitute <quotedText>“a relevant financial institution, the relevant financial institution”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-8-paragraph-28-4-b"><num>(b)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-electronic-money-institution">electronic money institution</term>” has the same meaning as in the Electronic Money Regulations 2011 (<ref eId="c00040" href="http://www.legislation.gov.uk/id/uksi/2011/99">S.I. 2011/99</ref>) (see regulation 2 of those Regulations);</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-payment-institution">payment institution</term>” means an authorised payment institution or a small payment institution (each as defined in regulation 2 of the Payment Services Regulations 2017 (<ref eId="c00041" href="http://www.legislation.gov.uk/id/uksi/2017/752">S.I. 2017/752</ref>));</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-financial-institution">relevant financial institution</term>” means a bank, a building society, an electronic money institution or a payment institution;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-8-paragraph-28-5"><num>(5)</num><content><p><mod>For the heading substitute <quotedText>“Money”</quotedText>.</mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-29" class="schProv1"><num>29</num><content><p><mod>After section 131ZA insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>131ZB</num><heading>Cryptoassets</heading><subsection><num>(1)</num><intro><p>This section applies to cryptoassets which—</p></intro><level class="para1"><num>(a)</num><content><p>are held by a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>are held in a crypto wallet administered by a UK-connected cryptoasset service provider,</p></content></level><wrapUp><p>but only so far as the cryptoassets are free property.</p></wrapUp></subsection><subsection><num>(2)</num><intro><p>Subsection (3) applies if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against a person holding cryptoassets to which this section applies, and</p></content></level><level class="para1"><num>(b)</num><content><p>an administrator has not been appointed under section 128 in relation to the cryptoassets.</p></content></level></subsection><subsection><num>(3)</num><intro><p>The sheriff may order the UK-connected cryptoasset service provider which administers the crypto wallet in which the cryptoassets are held—</p></intro><level class="para1"><num>(a)</num><content><p>to realise the cryptoassets, or a portion of the cryptoassets having a specified value,</p></content></level><level class="para1"><num>(b)</num><content><p>to pay the proceeds of that realisation to the appropriate clerk of court on account of, and up to a maximum of, the amount payable under the confiscation order, and</p></content></level><level class="para1"><num>(c)</num><content><p>to the extent that the proceeds of the realisation exceed the amount payable under the confiscation order, to pay the excess to an appropriate officer identified in the order.</p></content></level></subsection><subsection><num>(4)</num><intro><p>In subsection (3)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-clerk-of-court">appropriate clerk of court</term>” means the sheriff clerk of the sheriff court responsible for enforcing the confiscation order under section 211 of the Procedure Act as applied by section 118(1);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-officer">appropriate officer</term>” has the same meaning as in section 120A.</p></content></hcontainer></subsection><subsection><num>(5)</num><intro><p>An order under subsection (3) may be made—</p></intro><level class="para1"><num>(a)</num><content><p>on the application of the prosecutor, or</p></content></level><level class="para1"><num>(b)</num><content><p>by the sheriff of the sheriff’s own accord.</p></content></level></subsection><subsection><num>(6)</num><intro><p>Where a UK-connected cryptoasset service provider—</p></intro><level class="para1"><num>(a)</num><content><p>is required by an order under subsection (3) to realise a portion of cryptoassets having a specified value, but</p></content></level><level class="para1"><num>(b)</num><content><p>on realising cryptoassets under the order, obtains proceeds of an amount which differs from that value,</p></content></level><wrapUp><p>it does not fail to comply with the order solely because of that difference in value, provided that it took reasonable steps to obtain proceeds equal to the value specified.</p></wrapUp></subsection></section><section><num>131ZC</num><heading>Meaning of “UK-connected cryptoasset service provider”</heading><subsection><num>(1)</num><intro><p>“UK-connected cryptoasset service provider” in section 131ZB means a cryptoasset service provider which—</p></intro><level class="para1"><num>(a)</num><content><p>is acting in the course of business carried on by it in the United Kingdom,</p></content></level><level class="para1"><num>(b)</num><content><p>has terms and conditions with the persons to whom it provides services which provide for a legal dispute to be litigated in the courts of a part of the United Kingdom,</p></content></level><level class="para1"><num>(c)</num><content><p>holds in the United Kingdom any data relating to the persons to whom it provides services, or</p></content></level><level class="para1"><num>(d)</num><content><p>meets the condition in subsection (2).</p></content></level></subsection><subsection><num>(2)</num><intro><p>The condition in this subsection is that—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider has its registered office or, if it does not have one, its head office in the United Kingdom, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in the United Kingdom.</p></content></level></subsection><subsection><num>(3)</num><intro><p>“Cryptoasset service provider” in subsections (1) and (2) includes a cryptoasset exchange provider and a custodian wallet provider; and for this purpose—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para1"><num>(a)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets;</p></content></level><level class="para1"><num>(b)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another;</p></content></level><level class="para1"><num>(c)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para1"><num>(b)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets.</p></content></level></hcontainer></subsection><subsection><num>(4)</num><content><p>In the definition of “cryptoasset exchange provider” in subsection (3), “<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, a cryptoasset.</p></content></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions in subsection (3) (including by amending subsection (4)).</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State must consult the Scottish Ministers before making regulations under subsection (5).</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-30" class="schProv1"><num>30</num><content><p><mod>After section 131A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>131AA</num><heading>Destruction of seized cryptoassets</heading><subsection><num>(1)</num><content><p>This section applies to cryptoassets which are held by a person and which have been seized by an appropriate officer under a relevant seizure power.</p></content></subsection><subsection><num>(2)</num><intro><p>The sheriff may by order authorise an appropriate officer to destroy the cryptoassets if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against the person by whom the cryptoassets are held,</p></content></level><level class="para1"><num>(b)</num><content><p>an administrator has not been appointed under section 128 in relation to the cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>it is not reasonably practicable to realise the cryptoassets, or</p></content></level><level class="para2"><num>(ii)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></level></subsection><subsection><num>(3)</num><intro><p>An order under this section may be made—</p></intro><level class="para1"><num>(a)</num><content><p>on the application of the prosecutor, or</p></content></level><level class="para1"><num>(b)</num><content><p>by the sheriff of the sheriff’s own accord.</p></content></level></subsection><subsection><num>(4)</num><intro><p>An order under this section—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the sheriff’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may authorise the destruction of cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(5)</num><content><p>Before making an order under this section, the sheriff must give persons who hold interests in the cryptoassets a reasonable opportunity to make representations to it.</p></content></subsection><subsection><num>(6)</num><content><p>If cryptoassets held by a person are destroyed following an order under this section, the person is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection><subsection><num>(7)</num><content><p>In this section “<term refersTo="#term-appropriate-officer">appropriate officer</term>” and “<term refersTo="#term-relevant-seizure-power">relevant seizure power</term>” have the same meaning as in section 120A.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-31" class="schProv1"><num>31</num><subparagraph eId="schedule-8-paragraph-31-1"><num>(1)</num><content><p>Section 131C (sections 131A and 131B: appeals) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-31-2"><num>(2)</num><content><p><mod>In subsection (1), for “131A” substitute <quotedText>“131A(3)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-31-3"><num>(3)</num><content><p><mod>After subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><content><p>If a sheriff decides not to make an order under section 131ZB(3) or 131AA(2), the prosecutor may appeal to the Court of Session.</p></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-31-4"><num>(4)</num><content><p><mod>In subsection (2), for “131A” substitute <quotedText>“131ZB(3), 131A(3) or 131AA(2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-31-5"><num>(5)</num><content><p><mod>In subsection (3), for “131A(2)(a)” substitute <quotedText>“131ZB(2)(a), 131A(2)(a) or 131AA(2)(a) (as applicable)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-31-6"><num>(6)</num><content><p><mod>In the heading, for “131A and” substitute <quotedText>“131ZB to”</quotedText>.</mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-32" class="schProv1"><num>32</num><content><p><mod>In section 131D (proceeds of realisation), in subsection (1)(b), after “section” insert <quotedText>“131ZB or”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-33" class="schProv1"><num>33</num><content><p><mod>For the italic heading before section 131ZA, substitute <quotedText>“Enforcement: money, cryptoassets and personal property”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-34" class="schProv1"><num>34</num><content><p>Omit the italic heading before section 131A.</p></content></paragraph><paragraph eId="schedule-8-paragraph-35" class="schProv1"><num>35</num><content><p><mod>In section 132 (powers of court and administrator etc), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>Subsection (2)(a) does not apply to—</p></intro><level class="para1"><num>(a)</num><content><p>the power conferred on a court by paragraph (d) of section 128(6) (which enables the court to give an administrator the power to destroy cryptoassets),</p></content></level><level class="para1"><num>(b)</num><content><p>a power conferred on an administrator by virtue of that paragraph, or</p></content></level><level class="para1"><num>(c)</num><content><p>the power conferred on the sheriff by section 131AA (power to order destruction of cryptoassets).</p></content></level></subsection></quotedStructure></mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e40199"><heading>Interpretation and miscellaneous provision</heading><paragraph eId="schedule-8-paragraph-36" class="schProv1"><num>36</num><content><p><mod>After section 150 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>150A</num><heading>Cryptoassets etc</heading><subsection><num>(1)</num><content><p>“<term refersTo="#term-cryptoasset">Cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically.</p></content></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-crypto-wallet">Crypto wallet</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>software,</p></content></level><level class="para1"><num>(b)</num><content><p>hardware,</p></content></level><level class="para1"><num>(c)</num><content><p>a physical item, or</p></content></level><level class="para1"><num>(d)</num><content><p>any combination of the things mentioned in paragraphs (a) to (c),</p></content></level><wrapUp><p>which is used to store the cryptographic private key that allows cryptoassets to be accessed.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>“<term refersTo="#term-cryptoasset-related-item">Cryptoasset-related item</term>” has the meaning given in section 127C(5B).</p></content></subsection><subsection><num>(4)</num><intro><p>The circumstances in which a cryptoasset is taken to be “destroyed” include circumstances where it is—</p></intro><level class="para1"><num>(a)</num><content><p>disposed of,</p></content></level><level class="para1"><num>(b)</num><content><p>transferred, or</p></content></level><level class="para1"><num>(c)</num><content><p>otherwise dealt with,</p></content></level><wrapUp><p>in such a way as to ensure, or to make it virtually certain, that it will not be the subject of any further transactions or be dealt with again in any other way.</p></wrapUp></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions of “cryptoasset” and “crypto wallet” in this section.</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State must consult the Scottish Ministers before making regulations under subsection (5).</p></content></subsection></section></quotedStructure></mod></p></content></paragraph></hcontainer></part>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d28e39113"><heading>Introductory</heading><paragraph eId="schedule-8-paragraph-19" class="schProv1"><num>19</num><content><p>Part 3 of the Proceeds of Crime Act 2002 (confiscation: Scotland) is amended as follows.</p></content></paragraph></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d28e39124"><heading>Seizure of property</heading><paragraph eId="schedule-8-paragraph-20" class="schProv1"><num>20</num><intro><p>In section 127B (conditions for exercise of seizure powers)—</p></intro><level class="para1" eId="schedule-8-paragraph-20-a"><num>(a)</num><content><p>in subsection (2), omit paragraph (b);</p></content></level><level class="para1" eId="schedule-8-paragraph-20-b"><num>(b)</num><content><p>in subsection (3), omit paragraph (b).</p></content></level></paragraph><paragraph eId="schedule-8-paragraph-21" class="schProv1"><num>21</num><subparagraph eId="schedule-8-paragraph-21-1"><num>(1)</num><content><p>Section 127C (power to seize property) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-21-2"><num>(2)</num><content><p><mod>In subsection (2), after “not” insert <quotedText>“under subsection (1)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-21-3"><num>(3)</num><content><p><mod>After subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(5A)</num><content><p>On being satisfied as mentioned in section 127B(1) an appropriate officer may seize any free property if the officer has reasonable grounds for suspecting that it is a cryptoasset-related item.</p></content></subsection><subsection><num>(5B)</num><content><p>A “cryptoasset-related item” is an item of property that is, or that contains or gives access to information that is, likely to assist in the seizure under subsection (1) of any cryptoasset.</p></content></subsection><subsection><num>(5C)</num><content><p>The circumstances in which a cryptoasset is “<term refersTo="#term-seized">seized</term>” for the purposes of subsection (1) include circumstances in which it is transferred into a crypto wallet controlled by the appropriate officer.</p></content></subsection><subsection><num>(5D)</num><intro><p>If an appropriate officer is lawfully on any premises, the officer may, for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>determining whether any property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>enabling or facilitating the seizure under subsection (1) of any cryptoasset,</p></content></level><wrapUp><p>require any information which is stored in any electronic form and accessible from the premises to be produced in a form in which it can be taken away and in which it is visible and legible, or from which it can readily be produced in a visible and legible form.</p></wrapUp></subsection><subsection><num>(5E)</num><content><p>But subsection (5D) does not authorise an appropriate officer to require a person to produce any items subject to legal privilege (as defined in section 412).</p></content></subsection><subsection><num>(5F)</num><intro><p>Where an appropriate officer has seized a cryptoasset-related item under subsection (5A), they may use any information obtained from it for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>identifying or gaining access to a crypto wallet, and</p></content></level><level class="para1"><num>(b)</num><content><p>by doing so, enabling or facilitating the seizure under subsection (1) of any cryptoassets.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-22" class="schProv1"><num>22</num><content><p><mod>In section 127Q (release of property), in subsection (3)(b), at the end insert <quotedText>“or (5A)”</quotedText>.</mod></p></content></paragraph></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d28e39251"><heading>Detention and release of property</heading><paragraph eId="schedule-8-paragraph-23" class="schProv1"><num>23</num><content><p><mod>In section 127K (further detention pending making of restraint order), after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><content><p>Exempt property seized under section 127C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(6)</num><intro><p>In subsection (5)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 127C(4) (reading references there to the accused as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 127G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-24" class="schProv1"><num>24</num><content><p><mod>In section 127L (further detention pending variation of restraint order), after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><content><p>Exempt property seized under section 127C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(5)</num><intro><p>In subsection (4)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 127C(4) (reading references there to the accused as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 127G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-25" class="schProv1"><num>25</num><subparagraph eId="schedule-8-paragraph-25-1"><num>(1)</num><content><p>Section 127M (further detention in other cases) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-25-2"><num>(2)</num><content><p>In subsection (2)(b), omit “(within the meaning of section 127C(4))”.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-25-3"><num>(3)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>The sheriff may by order extend the period for which the property may be detained under section 127J if satisfied that—</p></intro><level class="para1"><num>(a)</num><content><p>any of the conditions in section 127B is met (reading references in that section to the officer as references to the sheriff),</p></content></level><level class="para1"><num>(b)</num><content><p>the property is free property, and</p></content></level><level class="para1"><num>(c)</num><content><p>there are reasonable grounds for suspecting that the property is a cryptoasset-related item.</p></content></level></subsection><subsection><num>(2B)</num><intro><p>An order under subsection (2A) may not be made in respect of exempt property unless the sheriff is satisfied that the person applying for the order is working diligently and expeditiously—</p></intro><level class="para1"><num>(a)</num><content><p>to determine whether the property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>if it has already been determined to be such an item, to seize any related cryptoassets under section 127C(1).</p></content></level></subsection><subsection><num>(2C)</num><intro><p>An order under subsection (2A) may not extend the period for which the property may be detained beyond the period of—</p></intro><level class="para1"><num>(a)</num><content><p>six months beginning with the date of the order, or</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of exempt property, 14 days beginning with that date.</p></content></level><wrapUp><p>This does not prevent the period from being further extended by another order under this section.</p></wrapUp></subsection><subsection><num>(2D)</num><content><p>The period of 14 days referred to in subsection (2C)(b) is to be calculated in accordance with section 127H(7) (reading the reference there to 48 hours as a reference to 14 days).</p></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-25-4"><num>(4)</num><content><p><mod>In subsection (6), after “section” insert <quotedText startQuote="“">—</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 127C(4) (reading references there to the accused as references to the person by whom the property is held);</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-26" class="schProv1"><num>26</num><content><p><mod>In section 127Q (release of property), after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6)</num><intro><p>If a cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, the appropriate officer may—</p></intro><level class="para1"><num>(a)</num><content><p>retain the item and deal with it as they see fit,</p></content></level><level class="para1"><num>(b)</num><content><p>dispose of the item, or</p></content></level><level class="para1"><num>(c)</num><content><p>destroy the item.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The powers in subsection (6) may be exercised only—</p></intro><level class="para1"><num>(a)</num><intro><p>where the appropriate officer has taken reasonable steps to notify—</p></intro><level class="para2"><num>(i)</num><content><p>the person from whom the item was seized, and</p></content></level><level class="para2"><num>(ii)</num><content><p>any other persons who the appropriate officer has reasonable grounds to believe have an interest in the item,</p></content></level><wrapUp><p>that the item has been released, and</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>with the approval of a senior officer.</p></content></level></subsection><subsection><num>(8)</num><content><p>“Senior officer” in subsection (7)(b) has the meaning given in section 127G(3).</p></content></subsection><subsection><num>(9)</num><content><p>Any proceeds of a disposal of the item are to be paid into the Scottish Consolidated Fund.</p></content></subsection></quotedStructure></mod></p></content></paragraph></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d28e39516"><heading>Property held by persons subject to confiscation orders: destruction, realisation etc</heading><paragraph eId="schedule-8-paragraph-27" class="schProv1"><num>27</num><subparagraph eId="schedule-8-paragraph-27-1"><num>(1)</num><content><p>Section 128 (enforcement administrators) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-27-2"><num>(2)</num><content><p><mod>In subsection (6), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>so far as the property consists of cryptoassets, power to destroy the property.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-27-3"><num>(3)</num><content><p><mod>In subsection (11)(a), for “or (c)” substitute <quotedText>“, (c) or (d)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-27-4"><num>(4)</num><content><p><mod>After subsection (13) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(13A)</num><intro><p>The court may confer the power mentioned in subsection (6)(d) only where—</p></intro><level class="para1"><num>(a)</num><content><p>it is not reasonably practicable to realise the cryptoassets in question, or</p></content></level><level class="para1"><num>(b)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></subsection><subsection><num>(13B)</num><intro><p>An order conferring that power—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the court’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may confer power to destroy the cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(13C)</num><content><p>If the administrator destroys any cryptoassets in the exercise of that power, the accused is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-28" class="schProv1"><num>28</num><subparagraph eId="schedule-8-paragraph-28-1"><num>(1)</num><content><p>Section 131ZA (seized money) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-28-2"><num>(2)</num><content><p><mod>In subsection (1)(b), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-28-3"><num>(3)</num><content><p><mod>In subsection (7), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-28-4"><num>(4)</num><intro><p>In subsection (9)—</p></intro><level class="para1" eId="schedule-8-paragraph-28-4-a"><num>(a)</num><content><p><mod>in paragraph (a) of the definition of “appropriate person”, for the words from “a bank” to the end substitute <quotedText>“a relevant financial institution, the relevant financial institution”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-8-paragraph-28-4-b"><num>(b)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-electronic-money-institution">electronic money institution</term>” has the same meaning as in the Electronic Money Regulations 2011 (<ref eId="c00040" href="http://www.legislation.gov.uk/id/uksi/2011/99">S.I. 2011/99</ref>) (see regulation 2 of those Regulations);</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-payment-institution">payment institution</term>” means an authorised payment institution or a small payment institution (each as defined in regulation 2 of the Payment Services Regulations 2017 (<ref eId="c00041" href="http://www.legislation.gov.uk/id/uksi/2017/752">S.I. 2017/752</ref>));</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-financial-institution">relevant financial institution</term>” means a bank, a building society, an electronic money institution or a payment institution;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-8-paragraph-28-5"><num>(5)</num><content><p><mod>For the heading substitute <quotedText>“Money”</quotedText>.</mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-29" class="schProv1"><num>29</num><content><p><mod>After section 131ZA insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>131ZB</num><heading>Cryptoassets</heading><subsection><num>(1)</num><intro><p>This section applies to cryptoassets which—</p></intro><level class="para1"><num>(a)</num><content><p>are held by a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>are held in a crypto wallet administered by a UK-connected cryptoasset service provider,</p></content></level><wrapUp><p>but only so far as the cryptoassets are free property.</p></wrapUp></subsection><subsection><num>(2)</num><intro><p>Subsection (3) applies if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against a person holding cryptoassets to which this section applies, and</p></content></level><level class="para1"><num>(b)</num><content><p>an administrator has not been appointed under section 128 in relation to the cryptoassets.</p></content></level></subsection><subsection><num>(3)</num><intro><p>The sheriff may order the UK-connected cryptoasset service provider which administers the crypto wallet in which the cryptoassets are held—</p></intro><level class="para1"><num>(a)</num><content><p>to realise the cryptoassets, or a portion of the cryptoassets having a specified value,</p></content></level><level class="para1"><num>(b)</num><content><p>to pay the proceeds of that realisation to the appropriate clerk of court on account of, and up to a maximum of, the amount payable under the confiscation order, and</p></content></level><level class="para1"><num>(c)</num><content><p>to the extent that the proceeds of the realisation exceed the amount payable under the confiscation order, to pay the excess to an appropriate officer identified in the order.</p></content></level></subsection><subsection><num>(4)</num><intro><p>In subsection (3)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-clerk-of-court">appropriate clerk of court</term>” means the sheriff clerk of the sheriff court responsible for enforcing the confiscation order under section 211 of the Procedure Act as applied by section 118(1);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-officer">appropriate officer</term>” has the same meaning as in section 120A.</p></content></hcontainer></subsection><subsection><num>(5)</num><intro><p>An order under subsection (3) may be made—</p></intro><level class="para1"><num>(a)</num><content><p>on the application of the prosecutor, or</p></content></level><level class="para1"><num>(b)</num><content><p>by the sheriff of the sheriff’s own accord.</p></content></level></subsection><subsection><num>(6)</num><intro><p>Where a UK-connected cryptoasset service provider—</p></intro><level class="para1"><num>(a)</num><content><p>is required by an order under subsection (3) to realise a portion of cryptoassets having a specified value, but</p></content></level><level class="para1"><num>(b)</num><content><p>on realising cryptoassets under the order, obtains proceeds of an amount which differs from that value,</p></content></level><wrapUp><p>it does not fail to comply with the order solely because of that difference in value, provided that it took reasonable steps to obtain proceeds equal to the value specified.</p></wrapUp></subsection></section><section><num>131ZC</num><heading>Meaning of “UK-connected cryptoasset service provider”</heading><subsection><num>(1)</num><intro><p>“UK-connected cryptoasset service provider” in section 131ZB means a cryptoasset service provider which—</p></intro><level class="para1"><num>(a)</num><content><p>is acting in the course of business carried on by it in the United Kingdom,</p></content></level><level class="para1"><num>(b)</num><content><p>has terms and conditions with the persons to whom it provides services which provide for a legal dispute to be litigated in the courts of a part of the United Kingdom,</p></content></level><level class="para1"><num>(c)</num><content><p>holds in the United Kingdom any data relating to the persons to whom it provides services, or</p></content></level><level class="para1"><num>(d)</num><content><p>meets the condition in subsection (2).</p></content></level></subsection><subsection><num>(2)</num><intro><p>The condition in this subsection is that—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider has its registered office or, if it does not have one, its head office in the United Kingdom, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in the United Kingdom.</p></content></level></subsection><subsection><num>(3)</num><intro><p>“Cryptoasset service provider” in subsections (1) and (2) includes a cryptoasset exchange provider and a custodian wallet provider; and for this purpose—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para1"><num>(a)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets;</p></content></level><level class="para1"><num>(b)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another;</p></content></level><level class="para1"><num>(c)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para1"><num>(b)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets.</p></content></level></hcontainer></subsection><subsection><num>(4)</num><content><p>In the definition of “cryptoasset exchange provider” in subsection (3), “<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, a cryptoasset.</p></content></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions in subsection (3) (including by amending subsection (4)).</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State must consult the Scottish Ministers before making regulations under subsection (5).</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-30" class="schProv1"><num>30</num><content><p><mod>After section 131A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>131AA</num><heading>Destruction of seized cryptoassets</heading><subsection><num>(1)</num><content><p>This section applies to cryptoassets which are held by a person and which have been seized by an appropriate officer under a relevant seizure power.</p></content></subsection><subsection><num>(2)</num><intro><p>The sheriff may by order authorise an appropriate officer to destroy the cryptoassets if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against the person by whom the cryptoassets are held,</p></content></level><level class="para1"><num>(b)</num><content><p>an administrator has not been appointed under section 128 in relation to the cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>it is not reasonably practicable to realise the cryptoassets, or</p></content></level><level class="para2"><num>(ii)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></level></subsection><subsection><num>(3)</num><intro><p>An order under this section may be made—</p></intro><level class="para1"><num>(a)</num><content><p>on the application of the prosecutor, or</p></content></level><level class="para1"><num>(b)</num><content><p>by the sheriff of the sheriff’s own accord.</p></content></level></subsection><subsection><num>(4)</num><intro><p>An order under this section—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the sheriff’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may authorise the destruction of cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(5)</num><content><p>Before making an order under this section, the sheriff must give persons who hold interests in the cryptoassets a reasonable opportunity to make representations to it.</p></content></subsection><subsection><num>(6)</num><content><p>If cryptoassets held by a person are destroyed following an order under this section, the person is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection><subsection><num>(7)</num><content><p>In this section “<term refersTo="#term-appropriate-officer">appropriate officer</term>” and “<term refersTo="#term-relevant-seizure-power">relevant seizure power</term>” have the same meaning as in section 120A.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-31" class="schProv1"><num>31</num><subparagraph eId="schedule-8-paragraph-31-1"><num>(1)</num><content><p>Section 131C (sections 131A and 131B: appeals) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-31-2"><num>(2)</num><content><p><mod>In subsection (1), for “131A” substitute <quotedText>“131A(3)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-31-3"><num>(3)</num><content><p><mod>After subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><content><p>If a sheriff decides not to make an order under section 131ZB(3) or 131AA(2), the prosecutor may appeal to the Court of Session.</p></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-31-4"><num>(4)</num><content><p><mod>In subsection (2), for “131A” substitute <quotedText>“131ZB(3), 131A(3) or 131AA(2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-31-5"><num>(5)</num><content><p><mod>In subsection (3), for “131A(2)(a)” substitute <quotedText>“131ZB(2)(a), 131A(2)(a) or 131AA(2)(a) (as applicable)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-31-6"><num>(6)</num><content><p><mod>In the heading, for “131A and” substitute <quotedText>“131ZB to”</quotedText>.</mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-32" class="schProv1"><num>32</num><content><p><mod>In section 131D (proceeds of realisation), in subsection (1)(b), after “section” insert <quotedText>“131ZB or”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-33" class="schProv1"><num>33</num><content><p><mod>For the italic heading before section 131ZA, substitute <quotedText>“Enforcement: money, cryptoassets and personal property”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-34" class="schProv1"><num>34</num><content><p>Omit the italic heading before section 131A.</p></content></paragraph><paragraph eId="schedule-8-paragraph-35" class="schProv1"><num>35</num><content><p><mod>In section 132 (powers of court and administrator etc), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>Subsection (2)(a) does not apply to—</p></intro><level class="para1"><num>(a)</num><content><p>the power conferred on a court by paragraph (d) of section 128(6) (which enables the court to give an administrator the power to destroy cryptoassets),</p></content></level><level class="para1"><num>(b)</num><content><p>a power conferred on an administrator by virtue of that paragraph, or</p></content></level><level class="para1"><num>(c)</num><content><p>the power conferred on the sheriff by section 131AA (power to order destruction of cryptoassets).</p></content></level></subsection></quotedStructure></mod></p></content></paragraph></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d28e40199"><heading>Interpretation and miscellaneous provision</heading><paragraph eId="schedule-8-paragraph-36" class="schProv1"><num>36</num><content><p><mod>After section 150 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>150A</num><heading>Cryptoassets etc</heading><subsection><num>(1)</num><content><p>“<term refersTo="#term-cryptoasset">Cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically.</p></content></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-crypto-wallet">Crypto wallet</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>software,</p></content></level><level class="para1"><num>(b)</num><content><p>hardware,</p></content></level><level class="para1"><num>(c)</num><content><p>a physical item, or</p></content></level><level class="para1"><num>(d)</num><content><p>any combination of the things mentioned in paragraphs (a) to (c),</p></content></level><wrapUp><p>which is used to store the cryptographic private key that allows cryptoassets to be accessed.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>“<term refersTo="#term-cryptoasset-related-item">Cryptoasset-related item</term>” has the meaning given in section 127C(5B).</p></content></subsection><subsection><num>(4)</num><intro><p>The circumstances in which a cryptoasset is taken to be “destroyed” include circumstances where it is—</p></intro><level class="para1"><num>(a)</num><content><p>disposed of,</p></content></level><level class="para1"><num>(b)</num><content><p>transferred, or</p></content></level><level class="para1"><num>(c)</num><content><p>otherwise dealt with,</p></content></level><wrapUp><p>in such a way as to ensure, or to make it virtually certain, that it will not be the subject of any further transactions or be dealt with again in any other way.</p></wrapUp></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions of “cryptoasset” and “crypto wallet” in this section.</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State must consult the Scottish Ministers before making regulations under subsection (5).</p></content></subsection></section></quotedStructure></mod></p></content></paragraph></hcontainer>
<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-part-3"><num>PART 3</num><heading>Northern Ireland</heading><hcontainer name="crossheading" class="schGroup7" eId="d28e40314"><heading>Introductory</heading><paragraph eId="schedule-8-paragraph-37" class="schProv1"><num>37</num><content><p>Part 4 of the Proceeds of Crime Act 2002 (confiscation: Northern Ireland) is amended as follows.</p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e40325"><heading>Seizure of property</heading><paragraph eId="schedule-8-paragraph-38" class="schProv1"><num>38</num><intro><p>In section 195B (conditions for exercise of seizure powers)—</p></intro><level class="para1" eId="schedule-8-paragraph-38-a"><num>(a)</num><content><p>in subsection (2), omit paragraph (b);</p></content></level><level class="para1" eId="schedule-8-paragraph-38-b"><num>(b)</num><content><p>in subsection (3), omit paragraph (b).</p></content></level></paragraph><paragraph eId="schedule-8-paragraph-39" class="schProv1"><num>39</num><subparagraph eId="schedule-8-paragraph-39-1"><num>(1)</num><content><p>Section 195C (power to seize property) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-39-2"><num>(2)</num><content><p><mod>In subsection (2), after “not” insert <quotedText>“under subsection (1)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-39-3"><num>(3)</num><content><p><mod>After subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(5A)</num><content><p>On being satisfied as mentioned in section 195B(1) an appropriate officer may seize any free property if the officer has reasonable grounds for suspecting that it is a cryptoasset-related item.</p></content></subsection><subsection><num>(5B)</num><content><p>A “cryptoasset-related item” is an item of property that is, or that contains or gives access to information that is, likely to assist in the seizure under subsection (1) of any cryptoasset.</p></content></subsection><subsection><num>(5C)</num><content><p>The circumstances in which a cryptoasset is “<term refersTo="#term-seized">seized</term>” for the purposes of subsection (1) include circumstances in which it is transferred into a crypto wallet controlled by the appropriate officer.</p></content></subsection><subsection><num>(5D)</num><intro><p>If an appropriate officer is lawfully on any premises, the officer may, for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>determining whether any property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>enabling or facilitating the seizure under subsection (1) of any cryptoasset,</p></content></level><wrapUp><p>require any information which is stored in any electronic form and accessible from the premises to be produced in a form in which it can be taken away and in which it is visible and legible, or from which it can readily be produced in a visible and legible form.</p></wrapUp></subsection><subsection><num>(5E)</num><content><p>But subsection (5D) does not authorise an appropriate officer to require a person to produce information which the person would be entitled to refuse to provide on grounds of legal professional privilege in proceedings in the High Court.</p></content></subsection><subsection><num>(5F)</num><intro><p>Where an appropriate officer has seized a cryptoasset-related item under subsection (5A), they may use any information obtained from it for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>identifying or gaining access to a crypto wallet, and</p></content></level><level class="para1"><num>(b)</num><content><p>by doing so, enabling or facilitating the seizure under subsection (1) of any cryptoassets.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-40" class="schProv1"><num>40</num><content><p><mod>In section 195R (release of property), in subsection (3)(b), at the end insert <quotedText>“or (5A)”</quotedText>.</mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e40452"><heading>Detention and release of property</heading><paragraph eId="schedule-8-paragraph-41" class="schProv1"><num>41</num><content><p><mod>In section 195K (further detention pending making of restraint order), after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><content><p>Exempt property seized under section 195C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(6)</num><intro><p>In subsection (5)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 195C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 195G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-42" class="schProv1"><num>42</num><content><p><mod>In section 195L (further detention pending variation of restraint order), after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><content><p>Exempt property seized under section 195C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(5)</num><intro><p>In subsection (4)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 195C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 195G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-43" class="schProv1"><num>43</num><subparagraph eId="schedule-8-paragraph-43-1"><num>(1)</num><content><p>Section 195M (further detention in other cases) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-43-2"><num>(2)</num><content><p>In subsection (2)(b), omit “(within the meaning of section 195C(4))”.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-43-3"><num>(3)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>A magistrates’ court may by order extend the period for which the property may be detained under section 195J if satisfied that—</p></intro><level class="para1"><num>(a)</num><content><p>any of the conditions in section 195B is met (reading references in that section to the officer as references to the court),</p></content></level><level class="para1"><num>(b)</num><content><p>the property is free property, and</p></content></level><level class="para1"><num>(c)</num><content><p>there are reasonable grounds for suspecting that the property is a cryptoasset-related item.</p></content></level></subsection><subsection><num>(2B)</num><intro><p>An order under subsection (2A) may not be made in respect of exempt property unless the court is satisfied that the person applying for the order is working diligently and expeditiously—</p></intro><level class="para1"><num>(a)</num><content><p>to determine whether the property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>if it has already been determined to be such an item, to seize any related cryptoassets under section 195C(1).</p></content></level></subsection><subsection><num>(2C)</num><intro><p>An order under subsection (2A) may not extend the period for which the property may be detained beyond the period of—</p></intro><level class="para1"><num>(a)</num><content><p>six months beginning with the date of the order, or</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of exempt property, 14 days beginning with that date.</p></content></level><wrapUp><p>This does not prevent the period from being further extended by another order under this section.</p></wrapUp></subsection><subsection><num>(2D)</num><content><p>The period of 14 days referred to in subsection (2C)(b) is to be calculated in accordance with section 195H(7) (reading the reference there to 48 hours as a reference to 14 days).</p></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-43-4"><num>(4)</num><content><p><mod>In subsection (6), after “section” insert <quotedText startQuote="“">—</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 195C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-44" class="schProv1"><num>44</num><content><p><mod>In section 195R (release of property), after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6)</num><intro><p>If a cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, the appropriate officer may—</p></intro><level class="para1"><num>(a)</num><content><p>retain the item and deal with it as they see fit,</p></content></level><level class="para1"><num>(b)</num><content><p>dispose of the item, or</p></content></level><level class="para1"><num>(c)</num><content><p>destroy the item.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The powers in subsection (6) may be exercised only—</p></intro><level class="para1"><num>(a)</num><intro><p>where the appropriate officer has taken reasonable steps to notify—</p></intro><level class="para2"><num>(i)</num><content><p>the person from whom the item was seized, and</p></content></level><level class="para2"><num>(ii)</num><content><p>any other persons who the appropriate officer has reasonable grounds to believe have an interest in the item,</p></content></level><wrapUp><p>that the item has been released, and</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>with the approval of a senior officer.</p></content></level></subsection><subsection><num>(8)</num><content><p>“Senior officer” in subsection (7)(b) has the meaning given in section 195G(3).</p></content></subsection><subsection><num>(9)</num><content><p>Any proceeds of a disposal of the item are to be paid into the Consolidated Fund.</p></content></subsection></quotedStructure></mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e40717"><heading>Property held by persons subject to confiscation orders: destruction, realisation etc</heading><paragraph eId="schedule-8-paragraph-45" class="schProv1"><num>45</num><content><p><mod>In section 160A (determination of extent of defendant’s interest in property), in subsection (3)(a), after “realisation” insert <quotedText>“or destruction”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-46" class="schProv1"><num>46</num><subparagraph eId="schedule-8-paragraph-46-1"><num>(1)</num><content><p>Section 199 (powers of enforcement receiver) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-46-2"><num>(2)</num><content><p><mod>In subsection (2), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>so far as the property consists of cryptoassets, power to destroy the property.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-46-3"><num>(3)</num><content><p><mod>In subsection (8)(a), for “or (c)” substitute <quotedText>“, (c) or (e)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-46-4"><num>(4)</num><content><p><mod>After subsection (9) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(9A)</num><intro><p>The court may confer the power mentioned in subsection (2)(e) only where—</p></intro><level class="para1"><num>(a)</num><content><p>it is not reasonably practicable to realise the cryptoassets in question, or</p></content></level><level class="para1"><num>(b)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></subsection><subsection><num>(9B)</num><intro><p>An order conferring that power—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the court’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may confer power to destroy the cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(9C)</num><content><p>If the receiver destroys any cryptoassets in the exercise of that power, the defendant is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-47" class="schProv1"><num>47</num><subparagraph eId="schedule-8-paragraph-47-1"><num>(1)</num><content><p>Section 215 (seized money) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-47-2"><num>(2)</num><content><p><mod>In subsection (1)(b), for “bank or a building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-47-3"><num>(3)</num><intro><p>In subsection (5A)—</p></intro><level class="para1" eId="schedule-8-paragraph-47-3-a"><num>(a)</num><content><p><mod>for “a bank or building society” substitute <quotedText>“a relevant financial institution”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-8-paragraph-47-3-b"><num>(b)</num><content><p><mod>for “the bank or building society” substitute <quotedText>“the relevant financial institution”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-8-paragraph-47-4"><num>(4)</num><content><p><mod>In subsection (6), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-47-5"><num>(5)</num><content><p><mod>In subsection (7A), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-47-6"><num>(6)</num><intro><p>In subsection (8)—</p></intro><level class="para1" eId="schedule-8-paragraph-47-6-a"><num>(a)</num><content><p><mod>in paragraph (a) of the definition of “appropriate person”, for the words from “a bank” to the end substitute <quotedText>“a relevant financial institution, the relevant financial institution”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-8-paragraph-47-6-b"><num>(b)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-electronic-money-institution">electronic money institution</term>” has the same meaning as in the Electronic Money Regulations 2011 (<ref eId="c00042" href="http://www.legislation.gov.uk/id/uksi/2011/99">S.I. 2011/99</ref>) (see regulation 2 of those Regulations);</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-payment-institution">payment institution</term>” means an authorised payment institution or a small payment institution (each as defined in regulation 2 of the Payment Services Regulations 2017 (<ref eId="c00043" href="http://www.legislation.gov.uk/id/uksi/2017/752">S.I. 2017/752</ref>));</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-financial-institution">relevant financial institution</term>” means a bank, a building society, an electronic money institution or a payment institution;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-8-paragraph-47-7"><num>(7)</num><content><p><mod>For the heading substitute <quotedText>“Money”</quotedText>.</mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-48" class="schProv1"><num>48</num><content><p><mod>After section 215 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>215ZA</num><heading>Cryptoassets</heading><subsection><num>(1)</num><intro><p>This section applies to cryptoassets which—</p></intro><level class="para1"><num>(a)</num><content><p>are held by a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>are held in a crypto wallet administered by a UK-connected cryptoasset service provider,</p></content></level><wrapUp><p>but only so far as the cryptoassets are free property.</p></wrapUp></subsection><subsection><num>(2)</num><intro><p>Subsection (3) applies if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against a person holding cryptoassets to which this section applies, and</p></content></level><level class="para1"><num>(b)</num><content><p>a receiver has not been appointed under section 198 in relation to the cryptoassets.</p></content></level></subsection><subsection><num>(3)</num><intro><p>A magistrates’ court may order the UK-connected cryptoasset service provider which administers the crypto wallet in which the cryptoassets are held—</p></intro><level class="para1"><num>(a)</num><content><p>to realise the cryptoassets, or a portion of the cryptoassets having a specified value,</p></content></level><level class="para1"><num>(b)</num><content><p>to pay the proceeds of that realisation to the appropriate chief clerk on account of, and up to a maximum of, the amount payable under the confiscation order, and</p></content></level><level class="para1"><num>(c)</num><content><p>to the extent that the proceeds of the realisation exceed the amount payable under the confiscation order, to pay the excess to an appropriate officer identified in the order.</p></content></level></subsection><subsection><num>(4)</num><intro><p>In subsection (3)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-chief-clerk">appropriate chief clerk</term>” has the same meaning as in section 202(7);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-officer">appropriate officer</term>” has the same meaning as in section 195A.</p></content></hcontainer></subsection><subsection><num>(5)</num><content><p>A person applying for an order under subsection (3) must give notice of the application to the UK-connected cryptoasset service provider.</p></content></subsection><subsection><num>(6)</num><intro><p>Where the crypto wallet in which the cryptoassets are held is administered on behalf of someone other than the person against whom the confiscation order is made, a magistrates’ court—</p></intro><level class="para1"><num>(a)</num><content><p>may make an order under subsection (3) only if the extent of the person’s interest in the money has been determined under section 160A, and</p></content></level><level class="para1"><num>(b)</num><content><p>must have regard to that determination in deciding what is the appropriate order to make.</p></content></level></subsection><subsection><num>(7)</num><intro><p>If a UK-connected cryptoasset service provider fails to comply with an order under subsection (3)—</p></intro><level class="para1"><num>(a)</num><content><p>the magistrates’ court may order it to pay an amount not exceeding £5,000, and</p></content></level><level class="para1"><num>(b)</num><content><p>for the purposes of the Magistrates’ Courts (Northern Ireland) Order 1981 (<ref eId="c00044" href="http://www.legislation.gov.uk/id/nisi/1981/1675">S.I. 1981/1675 (N.I. 26)</ref>) the sum is to be treated as adjudged to be paid by a conviction of the court.</p></content></level></subsection><subsection><num>(8)</num><content><p>In order to take account of changes in the value of money the Department of Justice in Northern Ireland may by order substitute another sum for the sum for the time being specified in subsection (7)(a).</p></content></subsection><subsection><num>(9)</num><intro><p>Where a UK-connected cryptoasset service provider—</p></intro><level class="para1"><num>(a)</num><content><p>is required by an order under subsection (3) to realise a portion of cryptoassets having a specified value, but</p></content></level><level class="para1"><num>(b)</num><content><p>on realising cryptoassets under the order, obtains proceeds of an amount which differs from that value,</p></content></level><wrapUp><p>it does not fail to comply with the order solely because of that difference in value, provided that it took reasonable steps to obtain proceeds equal to the value specified.</p></wrapUp></subsection></section><section><num>215ZB</num><heading>Meaning of “UK-connected cryptoasset service provider”</heading><subsection><num>(1)</num><intro><p>“UK-connected cryptoasset service provider” in section 215ZA means a cryptoasset service provider which—</p></intro><level class="para1"><num>(a)</num><content><p>is acting in the course of business carried on by it in the United Kingdom,</p></content></level><level class="para1"><num>(b)</num><content><p>has terms and conditions with the persons to whom it provides services which provide for a legal dispute to be litigated in the courts of a part of the United Kingdom,</p></content></level><level class="para1"><num>(c)</num><content><p>holds in the United Kingdom any data relating to the persons to whom it provides services, or</p></content></level><level class="para1"><num>(d)</num><content><p>meets the condition in subsection (2).</p></content></level></subsection><subsection><num>(2)</num><intro><p>The condition in this subsection is that—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider has its registered office or, if it does not have one, its head office in the United Kingdom, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in the United Kingdom.</p></content></level></subsection><subsection><num>(3)</num><intro><p>“Cryptoasset service provider” in subsections (1) and (2) includes a cryptoasset exchange provider and a custodian wallet provider; and for this purpose—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para1"><num>(a)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets;</p></content></level><level class="para1"><num>(b)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another;</p></content></level><level class="para1"><num>(c)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para1"><num>(b)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets.</p></content></level></hcontainer></subsection><subsection><num>(4)</num><content><p>In the definition of “cryptoasset exchange provider” in subsection (3), “<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, a cryptoasset.</p></content></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions in subsection (3) (including by amending subsection (4)).</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State must consult the Department of Justice in Northern Ireland before making regulations under subsection (5).</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-49" class="schProv1"><num>49</num><content><p><mod>After section 215A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>215AA</num><heading>Destruction of seized cryptoassets</heading><subsection><num>(1)</num><content><p>This section applies to cryptoassets which are held by a person and which have been seized by an appropriate officer under a relevant seizure power.</p></content></subsection><subsection><num>(2)</num><intro><p>A magistrates’ court may by order authorise an appropriate officer to destroy the cryptoassets if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against the person by whom the cryptoassets are held,</p></content></level><level class="para1"><num>(b)</num><content><p>a receiver has not been appointed under section 198 in relation to the cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>it is not reasonably practicable to realise the cryptoassets, or</p></content></level><level class="para2"><num>(ii)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></level></subsection><subsection><num>(3)</num><intro><p>An order under this section—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the court’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may authorise the destruction of cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(4)</num><content><p>Before making an order under this section, the court must give persons who hold interests in the cryptoassets a reasonable opportunity to make representations to it.</p></content></subsection><subsection><num>(5)</num><content><p>If cryptoassets held by a person are destroyed following an order under this section, the person is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-appropriate-officer">appropriate officer</term>” and “<term refersTo="#term-relevant-seizure-power">relevant seizure power</term>” have the same meaning as in section 190A.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-50" class="schProv1"><num>50</num><subparagraph eId="schedule-8-paragraph-50-1"><num>(1)</num><content><p>Section 215C (sections 215A and 215B: appeals) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-50-2"><num>(2)</num><content><p><mod>In subsection (1), for “215A” substitute <quotedText>“215ZA(3), 215A(3) or 215AA(2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-50-3"><num>(3)</num><content><p><mod>In subsection (2), for “215A” substitute <quotedText>“215ZA(3), 215A(3) or 215AA(2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-50-4"><num>(4)</num><content><p><mod>In subsection (3), for “215A(2)(a)” substitute <quotedText>“215ZA(2)(a), 215A(2)(a) or 215AA(2)(a) (as applicable)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-50-5"><num>(5)</num><content><p><mod>In the heading, for “215A and” substitute <quotedText>“215ZA to”</quotedText>.</mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-51" class="schProv1"><num>51</num><content><p><mod>In section 215D (proceeds of realisation), in subsection (1)(b), after “section” insert <quotedText>“215ZA or”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-52" class="schProv1"><num>52</num><content><p><mod>For the italic heading before section 215, substitute <quotedText>“Enforcement: money, cryptoassets and personal property”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-53" class="schProv1"><num>53</num><content><p><mod>In section 217 (powers of court and receiver etc), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>Subsection (2)(a) does not apply to—</p></intro><level class="para1"><num>(a)</num><content><p>the power conferred on a court by paragraph (e) of section 199(2) (which enables the court to give a receiver the power to destroy cryptoassets),</p></content></level><level class="para1"><num>(b)</num><content><p>a power conferred on a receiver by virtue of that paragraph, or</p></content></level><level class="para1"><num>(c)</num><content><p>the power conferred on a magistrates’ court by section 215AA (power to order destruction of cryptoassets).</p></content></level></subsection></quotedStructure></mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e41438"><heading>Interpretation and miscellaneous provision</heading><paragraph eId="schedule-8-paragraph-54" class="schProv1"><num>54</num><content><p><mod>After section 232 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>232A</num><heading>Cryptoassets etc</heading><subsection><num>(1)</num><content><p>“<term refersTo="#term-cryptoasset">Cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically.</p></content></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-crypto-wallet">Crypto wallet</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>software,</p></content></level><level class="para1"><num>(b)</num><content><p>hardware,</p></content></level><level class="para1"><num>(c)</num><content><p>a physical item, or</p></content></level><level class="para1"><num>(d)</num><content><p>any combination of the things mentioned in paragraphs (a) to (c),</p></content></level><wrapUp><p>which is used to store the cryptographic private key that allows cryptoassets to be accessed.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>“<term refersTo="#term-cryptoasset-related-item">Cryptoasset-related item</term>” has the meaning given in section 195C(5B).</p></content></subsection><subsection><num>(4)</num><intro><p>The circumstances in which a cryptoasset is taken to be “destroyed” include circumstances where it is—</p></intro><level class="para1"><num>(a)</num><content><p>disposed of,</p></content></level><level class="para1"><num>(b)</num><content><p>transferred, or</p></content></level><level class="para1"><num>(c)</num><content><p>otherwise dealt with,</p></content></level><wrapUp><p>in such a way as to ensure, or to make it virtually certain, that it will not be the subject of any further transactions or be dealt with again in any other way.</p></wrapUp></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions of “cryptoasset” and “crypto wallet” in this section.</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State must consult the Department of Justice in Northern Ireland before making regulations under subsection (5).</p></content></subsection></section></quotedStructure></mod></p></content></paragraph></hcontainer></part>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d28e40314"><heading>Introductory</heading><paragraph eId="schedule-8-paragraph-37" class="schProv1"><num>37</num><content><p>Part 4 of the Proceeds of Crime Act 2002 (confiscation: Northern Ireland) is amended as follows.</p></content></paragraph></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d28e40325"><heading>Seizure of property</heading><paragraph eId="schedule-8-paragraph-38" class="schProv1"><num>38</num><intro><p>In section 195B (conditions for exercise of seizure powers)—</p></intro><level class="para1" eId="schedule-8-paragraph-38-a"><num>(a)</num><content><p>in subsection (2), omit paragraph (b);</p></content></level><level class="para1" eId="schedule-8-paragraph-38-b"><num>(b)</num><content><p>in subsection (3), omit paragraph (b).</p></content></level></paragraph><paragraph eId="schedule-8-paragraph-39" class="schProv1"><num>39</num><subparagraph eId="schedule-8-paragraph-39-1"><num>(1)</num><content><p>Section 195C (power to seize property) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-39-2"><num>(2)</num><content><p><mod>In subsection (2), after “not” insert <quotedText>“under subsection (1)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-39-3"><num>(3)</num><content><p><mod>After subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(5A)</num><content><p>On being satisfied as mentioned in section 195B(1) an appropriate officer may seize any free property if the officer has reasonable grounds for suspecting that it is a cryptoasset-related item.</p></content></subsection><subsection><num>(5B)</num><content><p>A “cryptoasset-related item” is an item of property that is, or that contains or gives access to information that is, likely to assist in the seizure under subsection (1) of any cryptoasset.</p></content></subsection><subsection><num>(5C)</num><content><p>The circumstances in which a cryptoasset is “<term refersTo="#term-seized">seized</term>” for the purposes of subsection (1) include circumstances in which it is transferred into a crypto wallet controlled by the appropriate officer.</p></content></subsection><subsection><num>(5D)</num><intro><p>If an appropriate officer is lawfully on any premises, the officer may, for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>determining whether any property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>enabling or facilitating the seizure under subsection (1) of any cryptoasset,</p></content></level><wrapUp><p>require any information which is stored in any electronic form and accessible from the premises to be produced in a form in which it can be taken away and in which it is visible and legible, or from which it can readily be produced in a visible and legible form.</p></wrapUp></subsection><subsection><num>(5E)</num><content><p>But subsection (5D) does not authorise an appropriate officer to require a person to produce information which the person would be entitled to refuse to provide on grounds of legal professional privilege in proceedings in the High Court.</p></content></subsection><subsection><num>(5F)</num><intro><p>Where an appropriate officer has seized a cryptoasset-related item under subsection (5A), they may use any information obtained from it for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>identifying or gaining access to a crypto wallet, and</p></content></level><level class="para1"><num>(b)</num><content><p>by doing so, enabling or facilitating the seizure under subsection (1) of any cryptoassets.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-40" class="schProv1"><num>40</num><content><p><mod>In section 195R (release of property), in subsection (3)(b), at the end insert <quotedText>“or (5A)”</quotedText>.</mod></p></content></paragraph></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d28e40452"><heading>Detention and release of property</heading><paragraph eId="schedule-8-paragraph-41" class="schProv1"><num>41</num><content><p><mod>In section 195K (further detention pending making of restraint order), after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><content><p>Exempt property seized under section 195C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(6)</num><intro><p>In subsection (5)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 195C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 195G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-42" class="schProv1"><num>42</num><content><p><mod>In section 195L (further detention pending variation of restraint order), after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><content><p>Exempt property seized under section 195C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(5)</num><intro><p>In subsection (4)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 195C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 195G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-43" class="schProv1"><num>43</num><subparagraph eId="schedule-8-paragraph-43-1"><num>(1)</num><content><p>Section 195M (further detention in other cases) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-43-2"><num>(2)</num><content><p>In subsection (2)(b), omit “(within the meaning of section 195C(4))”.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-43-3"><num>(3)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>A magistrates’ court may by order extend the period for which the property may be detained under section 195J if satisfied that—</p></intro><level class="para1"><num>(a)</num><content><p>any of the conditions in section 195B is met (reading references in that section to the officer as references to the court),</p></content></level><level class="para1"><num>(b)</num><content><p>the property is free property, and</p></content></level><level class="para1"><num>(c)</num><content><p>there are reasonable grounds for suspecting that the property is a cryptoasset-related item.</p></content></level></subsection><subsection><num>(2B)</num><intro><p>An order under subsection (2A) may not be made in respect of exempt property unless the court is satisfied that the person applying for the order is working diligently and expeditiously—</p></intro><level class="para1"><num>(a)</num><content><p>to determine whether the property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>if it has already been determined to be such an item, to seize any related cryptoassets under section 195C(1).</p></content></level></subsection><subsection><num>(2C)</num><intro><p>An order under subsection (2A) may not extend the period for which the property may be detained beyond the period of—</p></intro><level class="para1"><num>(a)</num><content><p>six months beginning with the date of the order, or</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of exempt property, 14 days beginning with that date.</p></content></level><wrapUp><p>This does not prevent the period from being further extended by another order under this section.</p></wrapUp></subsection><subsection><num>(2D)</num><content><p>The period of 14 days referred to in subsection (2C)(b) is to be calculated in accordance with section 195H(7) (reading the reference there to 48 hours as a reference to 14 days).</p></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-43-4"><num>(4)</num><content><p><mod>In subsection (6), after “section” insert <quotedText startQuote="“">—</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 195C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-44" class="schProv1"><num>44</num><content><p><mod>In section 195R (release of property), after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6)</num><intro><p>If a cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, the appropriate officer may—</p></intro><level class="para1"><num>(a)</num><content><p>retain the item and deal with it as they see fit,</p></content></level><level class="para1"><num>(b)</num><content><p>dispose of the item, or</p></content></level><level class="para1"><num>(c)</num><content><p>destroy the item.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The powers in subsection (6) may be exercised only—</p></intro><level class="para1"><num>(a)</num><intro><p>where the appropriate officer has taken reasonable steps to notify—</p></intro><level class="para2"><num>(i)</num><content><p>the person from whom the item was seized, and</p></content></level><level class="para2"><num>(ii)</num><content><p>any other persons who the appropriate officer has reasonable grounds to believe have an interest in the item,</p></content></level><wrapUp><p>that the item has been released, and</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>with the approval of a senior officer.</p></content></level></subsection><subsection><num>(8)</num><content><p>“Senior officer” in subsection (7)(b) has the meaning given in section 195G(3).</p></content></subsection><subsection><num>(9)</num><content><p>Any proceeds of a disposal of the item are to be paid into the Consolidated Fund.</p></content></subsection></quotedStructure></mod></p></content></paragraph></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d28e40717"><heading>Property held by persons subject to confiscation orders: destruction, realisation etc</heading><paragraph eId="schedule-8-paragraph-45" class="schProv1"><num>45</num><content><p><mod>In section 160A (determination of extent of defendant’s interest in property), in subsection (3)(a), after “realisation” insert <quotedText>“or destruction”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-46" class="schProv1"><num>46</num><subparagraph eId="schedule-8-paragraph-46-1"><num>(1)</num><content><p>Section 199 (powers of enforcement receiver) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-46-2"><num>(2)</num><content><p><mod>In subsection (2), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>so far as the property consists of cryptoassets, power to destroy the property.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-46-3"><num>(3)</num><content><p><mod>In subsection (8)(a), for “or (c)” substitute <quotedText>“, (c) or (e)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-46-4"><num>(4)</num><content><p><mod>After subsection (9) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(9A)</num><intro><p>The court may confer the power mentioned in subsection (2)(e) only where—</p></intro><level class="para1"><num>(a)</num><content><p>it is not reasonably practicable to realise the cryptoassets in question, or</p></content></level><level class="para1"><num>(b)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></subsection><subsection><num>(9B)</num><intro><p>An order conferring that power—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the court’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may confer power to destroy the cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(9C)</num><content><p>If the receiver destroys any cryptoassets in the exercise of that power, the defendant is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-47" class="schProv1"><num>47</num><subparagraph eId="schedule-8-paragraph-47-1"><num>(1)</num><content><p>Section 215 (seized money) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-47-2"><num>(2)</num><content><p><mod>In subsection (1)(b), for “bank or a building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-47-3"><num>(3)</num><intro><p>In subsection (5A)—</p></intro><level class="para1" eId="schedule-8-paragraph-47-3-a"><num>(a)</num><content><p><mod>for “a bank or building society” substitute <quotedText>“a relevant financial institution”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-8-paragraph-47-3-b"><num>(b)</num><content><p><mod>for “the bank or building society” substitute <quotedText>“the relevant financial institution”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-8-paragraph-47-4"><num>(4)</num><content><p><mod>In subsection (6), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-47-5"><num>(5)</num><content><p><mod>In subsection (7A), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-47-6"><num>(6)</num><intro><p>In subsection (8)—</p></intro><level class="para1" eId="schedule-8-paragraph-47-6-a"><num>(a)</num><content><p><mod>in paragraph (a) of the definition of “appropriate person”, for the words from “a bank” to the end substitute <quotedText>“a relevant financial institution, the relevant financial institution”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-8-paragraph-47-6-b"><num>(b)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-electronic-money-institution">electronic money institution</term>” has the same meaning as in the Electronic Money Regulations 2011 (<ref eId="c00042" href="http://www.legislation.gov.uk/id/uksi/2011/99">S.I. 2011/99</ref>) (see regulation 2 of those Regulations);</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-payment-institution">payment institution</term>” means an authorised payment institution or a small payment institution (each as defined in regulation 2 of the Payment Services Regulations 2017 (<ref eId="c00043" href="http://www.legislation.gov.uk/id/uksi/2017/752">S.I. 2017/752</ref>));</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-financial-institution">relevant financial institution</term>” means a bank, a building society, an electronic money institution or a payment institution;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-8-paragraph-47-7"><num>(7)</num><content><p><mod>For the heading substitute <quotedText>“Money”</quotedText>.</mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-48" class="schProv1"><num>48</num><content><p><mod>After section 215 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>215ZA</num><heading>Cryptoassets</heading><subsection><num>(1)</num><intro><p>This section applies to cryptoassets which—</p></intro><level class="para1"><num>(a)</num><content><p>are held by a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>are held in a crypto wallet administered by a UK-connected cryptoasset service provider,</p></content></level><wrapUp><p>but only so far as the cryptoassets are free property.</p></wrapUp></subsection><subsection><num>(2)</num><intro><p>Subsection (3) applies if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against a person holding cryptoassets to which this section applies, and</p></content></level><level class="para1"><num>(b)</num><content><p>a receiver has not been appointed under section 198 in relation to the cryptoassets.</p></content></level></subsection><subsection><num>(3)</num><intro><p>A magistrates’ court may order the UK-connected cryptoasset service provider which administers the crypto wallet in which the cryptoassets are held—</p></intro><level class="para1"><num>(a)</num><content><p>to realise the cryptoassets, or a portion of the cryptoassets having a specified value,</p></content></level><level class="para1"><num>(b)</num><content><p>to pay the proceeds of that realisation to the appropriate chief clerk on account of, and up to a maximum of, the amount payable under the confiscation order, and</p></content></level><level class="para1"><num>(c)</num><content><p>to the extent that the proceeds of the realisation exceed the amount payable under the confiscation order, to pay the excess to an appropriate officer identified in the order.</p></content></level></subsection><subsection><num>(4)</num><intro><p>In subsection (3)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-chief-clerk">appropriate chief clerk</term>” has the same meaning as in section 202(7);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-officer">appropriate officer</term>” has the same meaning as in section 195A.</p></content></hcontainer></subsection><subsection><num>(5)</num><content><p>A person applying for an order under subsection (3) must give notice of the application to the UK-connected cryptoasset service provider.</p></content></subsection><subsection><num>(6)</num><intro><p>Where the crypto wallet in which the cryptoassets are held is administered on behalf of someone other than the person against whom the confiscation order is made, a magistrates’ court—</p></intro><level class="para1"><num>(a)</num><content><p>may make an order under subsection (3) only if the extent of the person’s interest in the money has been determined under section 160A, and</p></content></level><level class="para1"><num>(b)</num><content><p>must have regard to that determination in deciding what is the appropriate order to make.</p></content></level></subsection><subsection><num>(7)</num><intro><p>If a UK-connected cryptoasset service provider fails to comply with an order under subsection (3)—</p></intro><level class="para1"><num>(a)</num><content><p>the magistrates’ court may order it to pay an amount not exceeding £5,000, and</p></content></level><level class="para1"><num>(b)</num><content><p>for the purposes of the Magistrates’ Courts (Northern Ireland) Order 1981 (<ref eId="c00044" href="http://www.legislation.gov.uk/id/nisi/1981/1675">S.I. 1981/1675 (N.I. 26)</ref>) the sum is to be treated as adjudged to be paid by a conviction of the court.</p></content></level></subsection><subsection><num>(8)</num><content><p>In order to take account of changes in the value of money the Department of Justice in Northern Ireland may by order substitute another sum for the sum for the time being specified in subsection (7)(a).</p></content></subsection><subsection><num>(9)</num><intro><p>Where a UK-connected cryptoasset service provider—</p></intro><level class="para1"><num>(a)</num><content><p>is required by an order under subsection (3) to realise a portion of cryptoassets having a specified value, but</p></content></level><level class="para1"><num>(b)</num><content><p>on realising cryptoassets under the order, obtains proceeds of an amount which differs from that value,</p></content></level><wrapUp><p>it does not fail to comply with the order solely because of that difference in value, provided that it took reasonable steps to obtain proceeds equal to the value specified.</p></wrapUp></subsection></section><section><num>215ZB</num><heading>Meaning of “UK-connected cryptoasset service provider”</heading><subsection><num>(1)</num><intro><p>“UK-connected cryptoasset service provider” in section 215ZA means a cryptoasset service provider which—</p></intro><level class="para1"><num>(a)</num><content><p>is acting in the course of business carried on by it in the United Kingdom,</p></content></level><level class="para1"><num>(b)</num><content><p>has terms and conditions with the persons to whom it provides services which provide for a legal dispute to be litigated in the courts of a part of the United Kingdom,</p></content></level><level class="para1"><num>(c)</num><content><p>holds in the United Kingdom any data relating to the persons to whom it provides services, or</p></content></level><level class="para1"><num>(d)</num><content><p>meets the condition in subsection (2).</p></content></level></subsection><subsection><num>(2)</num><intro><p>The condition in this subsection is that—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider has its registered office or, if it does not have one, its head office in the United Kingdom, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in the United Kingdom.</p></content></level></subsection><subsection><num>(3)</num><intro><p>“Cryptoasset service provider” in subsections (1) and (2) includes a cryptoasset exchange provider and a custodian wallet provider; and for this purpose—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para1"><num>(a)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets;</p></content></level><level class="para1"><num>(b)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another;</p></content></level><level class="para1"><num>(c)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para1"><num>(b)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets.</p></content></level></hcontainer></subsection><subsection><num>(4)</num><content><p>In the definition of “cryptoasset exchange provider” in subsection (3), “<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, a cryptoasset.</p></content></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions in subsection (3) (including by amending subsection (4)).</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State must consult the Department of Justice in Northern Ireland before making regulations under subsection (5).</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-49" class="schProv1"><num>49</num><content><p><mod>After section 215A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>215AA</num><heading>Destruction of seized cryptoassets</heading><subsection><num>(1)</num><content><p>This section applies to cryptoassets which are held by a person and which have been seized by an appropriate officer under a relevant seizure power.</p></content></subsection><subsection><num>(2)</num><intro><p>A magistrates’ court may by order authorise an appropriate officer to destroy the cryptoassets if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against the person by whom the cryptoassets are held,</p></content></level><level class="para1"><num>(b)</num><content><p>a receiver has not been appointed under section 198 in relation to the cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>it is not reasonably practicable to realise the cryptoassets, or</p></content></level><level class="para2"><num>(ii)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></level></subsection><subsection><num>(3)</num><intro><p>An order under this section—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the court’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may authorise the destruction of cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(4)</num><content><p>Before making an order under this section, the court must give persons who hold interests in the cryptoassets a reasonable opportunity to make representations to it.</p></content></subsection><subsection><num>(5)</num><content><p>If cryptoassets held by a person are destroyed following an order under this section, the person is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-appropriate-officer">appropriate officer</term>” and “<term refersTo="#term-relevant-seizure-power">relevant seizure power</term>” have the same meaning as in section 190A.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-50" class="schProv1"><num>50</num><subparagraph eId="schedule-8-paragraph-50-1"><num>(1)</num><content><p>Section 215C (sections 215A and 215B: appeals) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-50-2"><num>(2)</num><content><p><mod>In subsection (1), for “215A” substitute <quotedText>“215ZA(3), 215A(3) or 215AA(2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-50-3"><num>(3)</num><content><p><mod>In subsection (2), for “215A” substitute <quotedText>“215ZA(3), 215A(3) or 215AA(2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-50-4"><num>(4)</num><content><p><mod>In subsection (3), for “215A(2)(a)” substitute <quotedText>“215ZA(2)(a), 215A(2)(a) or 215AA(2)(a) (as applicable)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-50-5"><num>(5)</num><content><p><mod>In the heading, for “215A and” substitute <quotedText>“215ZA to”</quotedText>.</mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-51" class="schProv1"><num>51</num><content><p><mod>In section 215D (proceeds of realisation), in subsection (1)(b), after “section” insert <quotedText>“215ZA or”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-52" class="schProv1"><num>52</num><content><p><mod>For the italic heading before section 215, substitute <quotedText>“Enforcement: money, cryptoassets and personal property”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-53" class="schProv1"><num>53</num><content><p><mod>In section 217 (powers of court and receiver etc), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>Subsection (2)(a) does not apply to—</p></intro><level class="para1"><num>(a)</num><content><p>the power conferred on a court by paragraph (e) of section 199(2) (which enables the court to give a receiver the power to destroy cryptoassets),</p></content></level><level class="para1"><num>(b)</num><content><p>a power conferred on a receiver by virtue of that paragraph, or</p></content></level><level class="para1"><num>(c)</num><content><p>the power conferred on a magistrates’ court by section 215AA (power to order destruction of cryptoassets).</p></content></level></subsection></quotedStructure></mod></p></content></paragraph></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d28e41438"><heading>Interpretation and miscellaneous provision</heading><paragraph eId="schedule-8-paragraph-54" class="schProv1"><num>54</num><content><p><mod>After section 232 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>232A</num><heading>Cryptoassets etc</heading><subsection><num>(1)</num><content><p>“<term refersTo="#term-cryptoasset">Cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically.</p></content></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-crypto-wallet">Crypto wallet</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>software,</p></content></level><level class="para1"><num>(b)</num><content><p>hardware,</p></content></level><level class="para1"><num>(c)</num><content><p>a physical item, or</p></content></level><level class="para1"><num>(d)</num><content><p>any combination of the things mentioned in paragraphs (a) to (c),</p></content></level><wrapUp><p>which is used to store the cryptographic private key that allows cryptoassets to be accessed.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>“<term refersTo="#term-cryptoasset-related-item">Cryptoasset-related item</term>” has the meaning given in section 195C(5B).</p></content></subsection><subsection><num>(4)</num><intro><p>The circumstances in which a cryptoasset is taken to be “destroyed” include circumstances where it is—</p></intro><level class="para1"><num>(a)</num><content><p>disposed of,</p></content></level><level class="para1"><num>(b)</num><content><p>transferred, or</p></content></level><level class="para1"><num>(c)</num><content><p>otherwise dealt with,</p></content></level><wrapUp><p>in such a way as to ensure, or to make it virtually certain, that it will not be the subject of any further transactions or be dealt with again in any other way.</p></wrapUp></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions of “cryptoasset” and “crypto wallet” in this section.</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State must consult the Department of Justice in Northern Ireland before making regulations under subsection (5).</p></content></subsection></section></quotedStructure></mod></p></content></paragraph></hcontainer>
<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-part-4"><num>PART 4</num><heading>Regulations</heading><paragraph eId="schedule-8-paragraph-55" class="schProv1"><num>55</num><subparagraph eId="schedule-8-paragraph-55-1"><num>(1)</num><content><p>Section 459 of the Proceeds of Crime Act 2002 is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-55-2"><num>(2)</num><content><p><mod>In subsection (4), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(azza)</num><intro><p>regulations under—</p></intro><level class="para2"><num>(i)</num><content><p>section 67ZB(5) or 84A(5);</p></content></level><level class="para2"><num>(ii)</num><content><p>section 131ZC(5) or 150A(5);</p></content></level><level class="para2"><num>(iii)</num><content><p>section 251ZB(5) or 232A(5);</p></content></level></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-55-3"><num>(3)</num><content><p><mod>After subsection (6ZA) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6ZAA)</num><intro><p>No regulations may be made by the Secretary of State under any of the following provisions unless a draft of the regulations has been laid before Parliament and approved by a resolution of each House--</p></intro><level class="para1"><num>(a)</num><content><p>section 67ZB(5) or 84A(5);</p></content></level><level class="para1"><num>(b)</num><content><p>section 131ZC(5) or 150A(5);</p></content></level><level class="para1"><num>(c)</num><content><p>section 251ZB(5) or 232A(5).</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph></paragraph></part>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-8-paragraph-55" class="schProv1"><num>55</num><subparagraph eId="schedule-8-paragraph-55-1"><num>(1)</num><content><p>Section 459 of the Proceeds of Crime Act 2002 is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-55-2"><num>(2)</num><content><p><mod>In subsection (4), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(azza)</num><intro><p>regulations under—</p></intro><level class="para2"><num>(i)</num><content><p>section 67ZB(5) or 84A(5);</p></content></level><level class="para2"><num>(ii)</num><content><p>section 131ZC(5) or 150A(5);</p></content></level><level class="para2"><num>(iii)</num><content><p>section 251ZB(5) or 232A(5);</p></content></level></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-55-3"><num>(3)</num><content><p><mod>After subsection (6ZA) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6ZAA)</num><intro><p>No regulations may be made by the Secretary of State under any of the following provisions unless a draft of the regulations has been laid before Parliament and approved by a resolution of each House--</p></intro><level class="para1"><num>(a)</num><content><p>section 67ZB(5) or 84A(5);</p></content></level><level class="para1"><num>(b)</num><content><p>section 131ZC(5) or 150A(5);</p></content></level><level class="para1"><num>(c)</num><content><p>section 251ZB(5) or 232A(5).</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph></paragraph>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-9"><num>SCHEDULE 9<authorialNote class="referenceNote"><p>Section 180</p></authorialNote></num><heading>Cryptoassets: civil recovery</heading><part eId="schedule-9-part-1"><num>PART 1</num><heading>Amendments of Part 5 of the Proceeds of Crime Act 2002</heading><paragraph eId="schedule-9-paragraph-1" class="schProv1"><num>1</num><content><p><mod>In Part 5 of the Proceeds of Crime Act 2002 (civil recovery of the proceeds etc of unlawful conduct), after section 303Z19 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><chapter eId="d28e41653"><num>CHAPTER 3C</num><heading>Recovery of cryptoassets: searches, seizure and detention</heading><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Definitions</heading><section eId="d28e41664"><num>303Z20</num><heading>Definitions</heading><subsection><num>(1)</num><intro><p>In this Part—</p></intro><level class="para1"><num>(a)</num><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically;</p></content></level><level class="para1"><num>(b)</num><intro><p>“<term refersTo="#term-crypto-wallet">crypto wallet</term>” means—</p></intro><level class="para2" eId="d28e41692"><num>(i)</num><content><p>software,</p></content></level><level class="para2"><num>(ii)</num><content><p>hardware,</p></content></level><level class="para2" eId="d28e41704"><num>(iii)</num><content><p>a physical item, or</p></content></level><level class="para2"><num>(iv)</num><content><p>any combination of the things mentioned in sub-paragraphs <ref href="#d28e41692">(i)</ref> to <ref href="#d28e41704">(iii)</ref>,</p></content></level><wrapUp><p>which is used to store the cryptographic private key that allows cryptoassets to be accessed.</p></wrapUp></level></subsection><subsection eId="d28e41724"><num>(2)</num><content><p>The Secretary of State may by regulations amend the definitions of “cryptoasset” and “crypto wallet” in this section.</p></content></subsection><subsection eId="d28e41730"><num>(3)</num><content><p>The Secretary of State must consult the Scottish Ministers and the Department of Justice before making regulations under subsection <ref href="#d28e41724">(2)</ref>.</p></content></subsection><subsection><num>(4)</num><intro><p>In this Chapter—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-enforcement-officer">enforcement officer</term>” means—</p></intro><level class="para2"><num>(i)</num><content><p>an officer of Revenue and Customs,</p></content></level><level class="para2"><num>(ii)</num><content><p>a constable,</p></content></level><level class="para2"><num>(iii)</num><content><p>an SFO officer, or</p></content></level><level class="para2"><num>(iv)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>“<term refersTo="#term-senior-officer">senior officer</term>” means—</p></intro><level class="para2"><num>(i)</num><content><p>an officer of Revenue and Customs of a rank designated by the Commissioners for His Majesty’s Revenue and Customs as equivalent to that of a senior police officer of at least the rank of inspector,</p></content></level><level class="para2"><num>(ii)</num><content><p>a senior police officer of at least the rank of inspector,</p></content></level><level class="para2"><num>(iii)</num><content><p>the Director of the Serious Fraud Office,</p></content></level><level class="para2"><num>(iv)</num><content><p>the Director General of the National Crime Agency or any other National Crime Agency officer authorised by the Director General (whether generally or specifically) for this purpose, or</p></content></level><level class="para2"><num>(v)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453.</p></content></level></level></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Searches</heading><section eId="d28e41823"><num>303Z21</num><heading>Searches</heading><subsection eId="d28e41827"><num>(1)</num><intro><p>If an enforcement officer—</p></intro><level class="para1"><num>(a)</num><content><p>is lawfully on any premises, and</p></content></level><level class="para1"><num>(b)</num><content><p>has reasonable grounds for suspecting that there is on the premises a cryptoasset-related item,</p></content></level><wrapUp><p>the enforcement officer may search for the cryptoasset-related item there.</p></wrapUp></subsection><subsection eId="d28e41847"><num>(2)</num><intro><p>For the purposes of this Chapter, a “cryptoasset-related item” is an item of property that is, or that contains or gives access to information that is, likely to assist in the seizure under this Part of cryptoassets that—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection><num>(3)</num><intro><p>The powers conferred by subsection <ref href="#d28e41937">(6)</ref> are exercisable by an enforcement officer if—</p></intro><level class="para1"><num>(a)</num><content><p>the enforcement officer has reasonable grounds for suspecting that there is a cryptoasset-related item in a vehicle,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the officer that the vehicle is under the control of a person (the suspect) who is in or in the vicinity of the vehicle, and</p></content></level><level class="para1" eId="d28e41886"><num>(c)</num><content><p>the vehicle is in a place falling within subsection <ref href="#d28e41895">(4)</ref>.</p></content></level></subsection><subsection eId="d28e41895"><num>(4)</num><intro><p>The places referred to in subsection <ref href="#d28e41886">(3)(c)</ref> are—</p></intro><level class="para1"><num>(a)</num><content><p>a place to which, at the time of the proposed exercise of the powers, the public or any section of the public has access, on payment or otherwise, as of right or by virtue of express or implied permission, and</p></content></level><level class="para1"><num>(b)</num><content><p>any other place to which at that time people have ready access but which is not a dwelling.</p></content></level></subsection><subsection><num>(5)</num><intro><p>But if the vehicle is in a garden or yard or other land occupied with and used for the purposes of a dwelling, the enforcement officer may exercise the powers conferred by subsection <ref href="#d28e41937">(6)</ref> only if the enforcement officer has reasonable grounds for believing—</p></intro><level class="para1"><num>(a)</num><content><p>that the suspect does not reside in the dwelling, and</p></content></level><level class="para1"><num>(b)</num><content><p>that the vehicle is not in the place in question with the express or implied permission of a person who resides in the dwelling.</p></content></level></subsection><subsection eId="d28e41937"><num>(6)</num><intro><p>The powers conferred by this subsection are—</p></intro><level class="para1"><num>(a)</num><content><p>power to require the suspect to permit entry to the vehicle;</p></content></level><level class="para1"><num>(b)</num><content><p>power to require the suspect to permit a search of the vehicle.</p></content></level></subsection><subsection eId="d28e41955"><num>(7)</num><intro><p>If an enforcement officer has reasonable grounds for suspecting that a person (the suspect) is carrying a cryptoasset-related item, the enforcement officer may require the suspect—</p></intro><level class="para1"><num>(a)</num><content><p>to permit a search of any article the suspect has with them;</p></content></level><level class="para1" eId="d28e41967"><num>(b)</num><content><p>to permit a search of the suspect’s person.</p></content></level></subsection><subsection><num>(8)</num><content><p>The powers conferred by subsections <ref href="#d28e41937">(6)</ref> and <ref href="#d28e41955">(7)</ref> are exercisable only so far as the enforcement officer thinks it necessary or expedient.</p></content></subsection><subsection><num>(9)</num><intro><p>An enforcement officer may—</p></intro><level class="para1"><num>(a)</num><content><p>in exercising powers conferred by subsection <ref href="#d28e41937">(6)</ref>, detain the vehicle for so long as is necessary for their exercise;</p></content></level><level class="para1"><num>(b)</num><content><p>in exercising powers conferred by subsection <ref href="#d28e41967">(7)(b)</ref>, detain the suspect for so long as is necessary for their exercise.</p></content></level></subsection><subsection><num>(10)</num><intro><p>The powers conferred by this section are exercisable by an SFO officer or an accredited financial investigator only in relation to the following—</p></intro><level class="para1"><num>(a)</num><content><p>premises in England, Wales or Northern Ireland (in the case of subsection <ref href="#d28e41827">(1)</ref>);</p></content></level><level class="para1"><num>(b)</num><content><p>vehicles and suspects in England, Wales or Northern Ireland (in the case of subsection <ref href="#d28e41937">(6)</ref>);</p></content></level><level class="para1"><num>(c)</num><content><p>suspects in England, Wales or Northern Ireland (in the case of subsection <ref href="#d28e41955">(7)</ref>).</p></content></level></subsection></section><section><num>303Z22</num><heading>Searches: supplemental provision</heading><subsection><num>(1)</num><content><p>The powers conferred by section <ref href="#d28e41823">303Z21</ref> are exercisable only so far as reasonably required for the purpose of finding a cryptoasset-related item.</p></content></subsection><subsection><num>(2)</num><content><p>Section <ref href="#d28e41823">303Z21</ref> does not require a person to submit to an intimate search or strip search (within the meaning of section 164 of the Customs and Excise Management Act 1979).</p></content></subsection></section><section eId="d28e42070"><num>303Z23</num><heading>Prior approval</heading><subsection><num>(1)</num><content><p>The powers conferred by section <ref href="#d28e41823">303Z21</ref> may be exercised only with the appropriate approval unless, in the circumstances, it is not practicable to obtain that approval before exercising the power.</p></content></subsection><subsection><num>(2)</num><content><p>The appropriate approval means the approval of a judicial officer or (if that is not practicable in any case) the approval of a senior officer.</p></content></subsection><subsection><num>(3)</num><intro><p>A judicial officer means—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, a justice of the peace;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, the sheriff.</p></content></level></subsection><subsection eId="d28e42107"><num>(4)</num><intro><p>If the powers are exercised without the approval of a judicial officer in a case where—</p></intro><level class="para1"><num>(a)</num><content><p>no property is seized by virtue of section <ref href="#d28e42350">303Z26</ref>, or</p></content></level><level class="para1"><num>(b)</num><content><p>any property so seized is not detained for more than 48 hours (calculated in accordance with section <ref href="#d28e42440">303Z27</ref>),</p></content></level><wrapUp><p>the relevant officer who exercised the power must give a written report to the appointed person.</p></wrapUp></subsection><subsection><num>(5)</num><content><p>But the duty in subsection <ref href="#d28e42107">(4)</ref> does not apply if, during the course of exercising the powers conferred by section <ref href="#d28e41823">303Z21</ref>, the enforcement officer seizes cash by virtue of section 294 or property by virtue of section 303J and the cash or property so seized is detained for more than 48 hours (calculated in accordance with section 295(1B) or 303K(5)).</p></content></subsection><subsection><num>(6)</num><intro><p>A report under subsection <ref href="#d28e42107">(4)</ref> must give particulars of the circumstances which led the relevant officer to believe that—</p></intro><level class="para1"><num>(a)</num><content><p>the powers were exercisable, and</p></content></level><level class="para1"><num>(b)</num><content><p>it was not practicable to obtain the approval of a judicial officer.</p></content></level></subsection><subsection><num>(7)</num><intro><p>In this section and in section <ref href="#d28e42202">303Z24</ref> the appointed person means—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales, a person appointed by the Secretary of State;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, a person appointed by the Scottish Ministers;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to Northern Ireland, a person appointed by the Department of Justice.</p></content></level></subsection><subsection><num>(8)</num><content><p>The appointed person must not be a person employed under or for the purposes of a government department or of the Scottish Administration; and the terms and conditions of the person’s appointment, including any remuneration or expenses to be paid to the person, are to be determined by the person making the appointment.</p></content></subsection></section><section eId="d28e42202"><num>303Z24</num><heading>Report on exercise of powers</heading><subsection><num>(1)</num><content><p>As soon as possible after the end of each financial year, the appointed person must prepare a report for that year.</p></content></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-financial-year">Financial year</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>the period beginning with the day on which this section came into force and ending with the next 31 March (which is the first financial year), and</p></content></level><level class="para1"><num>(b)</num><content><p>each subsequent period of 12 months beginning with 1 April.</p></content></level></subsection><subsection><num>(3)</num><content><p>The report must give the appointed person’s opinion as to the circumstances and manner in which the powers conferred by section <ref href="#d28e41823">303Z21</ref> are being exercised in cases where the enforcement officer who exercised them is required to give a report under section <ref href="#d28e42070">303Z23</ref><ref href="#d28e42107">(4)</ref>.</p></content></subsection><subsection><num>(4)</num><content><p>In the report, the appointed person may make any recommendations they consider appropriate.</p></content></subsection><subsection><num>(5)</num><content><p>The appointed person must send a copy of the report to whichever of the Secretary of State, the Scottish Ministers or the Department of Justice appointed the person.</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State must lay a copy of any report the Secretary of State receives under this section before Parliament and arrange for it to be published.</p></content></subsection><subsection><num>(7)</num><content><p>The Scottish Ministers must lay a copy of any report they receive under this section before the Scottish Parliament and arrange for it to be published.</p></content></subsection><subsection eId="d28e42271"><num>(8)</num><content><p>The Department of Justice must lay a copy of any report it receives under this section before the Northern Ireland Assembly and arrange for it to be published.</p></content></subsection><subsection><num>(9)</num><content><p>Section 41(3) of the Interpretation Act (Northern Ireland) 1954 applies for the purposes of subsection <ref href="#d28e42271">(8)</ref> in relation to the laying of a copy of a report as it applies in relation to the laying of a statutory document under an enactment.</p></content></subsection></section><section eId="d28e42289"><num>303Z25</num><heading>Codes of practice</heading><subsection><num>(1)</num><content><p>The requirements to make codes of practice set out in sections 303G, 303H and 303I apply in relation to the powers conferred by section <ref href="#d28e41823">303Z21</ref> as they apply in relation to the powers conferred by section 303C.</p></content></subsection><subsection eId="d28e42302"><num>(2)</num><content><p>A requirement in section 303G(2), 303H(2) or 303I(2), as applied by subsection (1), to carry out a relevant action may be satisfied by the carrying out of that action before this section comes into force.</p></content></subsection><subsection><num>(3)</num><intro><p>In subsection <ref href="#d28e42302">(2)</ref> “<term refersTo="#term-relevant-action">relevant action</term>” means any of the following—</p></intro><level class="para1"><num>(a)</num><content><p>publishing a draft code of practice;</p></content></level><level class="para1"><num>(b)</num><content><p>considering any representations made about the draft;</p></content></level><level class="para1"><num>(c)</num><content><p>modifying the draft in light of any such representations.</p></content></level></subsection><subsection><num>(4)</num><content><p>The requirement in section 303G(3), as applied by subsection (1), to consult the Attorney General may be satisfied by consultation carried out before this section comes into force.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Seizure and detention of cryptoasset-related items</heading><section eId="d28e42350"><num>303Z26</num><heading>Seizure of cryptoasset-related items</heading><subsection eId="d28e42354"><num>(1)</num><content><p>An enforcement officer may seize any item of property if the enforcement officer has reasonable grounds for suspecting that the item is a cryptoasset-related item.</p></content></subsection><subsection eId="d28e42360"><num>(2)</num><intro><p>If an enforcement officer is lawfully on any premises, the officer may, for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>determining whether any property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>enabling or facilitating the seizure under this Chapter of any cryptoasset,</p></content></level><wrapUp><p>require any information which is stored in any electronic form and accessible from the premises to be produced in a form in which it can be taken away and in which it is visible and legible, or from which it can readily be produced in a visible and legible form.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>But subsection <ref href="#d28e42360">(2)</ref> does not authorise an enforcement officer to require a person to produce privileged information.</p></content></subsection><subsection><num>(4)</num><intro><p>In this section “<term refersTo="#term-privileged-information">privileged information</term>” means information which a person would be entitled to refuse to provide—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, on grounds of legal professional privilege in proceedings in the High Court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, on grounds of legal privilege as defined by section 412.</p></content></level></subsection><subsection><num>(5)</num><intro><p>Where an enforcement officer has seized a cryptoasset-related item under subsection <ref href="#d28e42354">(1)</ref>, the officer may use any information obtained from the item for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>identifying or gaining access to a crypto wallet, and</p></content></level><level class="para1"><num>(b)</num><content><p>by doing so, enabling or facilitating the seizure under this Chapter of any cryptoassets.</p></content></level></subsection><subsection><num>(6)</num><content><p>This section does not authorise the seizure by an SFO officer or an accredited financial investigator of an item found in Scotland.</p></content></subsection></section><section eId="d28e42440"><num>303Z27</num><heading>Initial detention of seized cryptoasset-related items</heading><subsection eId="d28e42444"><num>(1)</num><content><p>Property seized under section <ref href="#d28e42350">303Z26</ref> may be detained for an initial period of 48 hours.</p></content></subsection><subsection><num>(2)</num><content><p>Subsection <ref href="#d28e42444">(1)</ref> authorises the detention of property only for so long as an enforcement officer continues to have reasonable grounds for suspicion in relation to that property as described in section <ref href="#d28e42350">303Z26</ref><ref href="#d28e42354">(1)</ref>.</p></content></subsection><subsection eId="d28e42467"><num>(3)</num><intro><p>In calculating a period of 48 hours for the purposes of this section, no account is to be taken of—</p></intro><level class="para1"><num>(a)</num><content><p>any Saturday or Sunday,</p></content></level><level class="para1"><num>(b)</num><content><p>Christmas Day,</p></content></level><level class="para1"><num>(c)</num><content><p>Good Friday,</p></content></level><level class="para1"><num>(d)</num><content><p>any day that is a bank holiday under the Banking and Financial Dealings Act 1971 in the part of the United Kingdom within which the property is seized, or</p></content></level><level class="para1"><num>(e)</num><content><p>any day prescribed by virtue of section 8(2) of the Criminal Procedure (Scotland) Act 1995 as a court holiday in a sheriff court in the sheriff court district within which the property is seized.</p></content></level></subsection></section><section eId="d28e42506"><num>303Z28</num><heading>Further detention of seized cryptoasset-related items</heading><subsection eId="d28e42510"><num>(1)</num><intro><p>The period for which property seized under section <ref href="#d28e42350">303Z26</ref> may be detained may be extended by an order made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, by a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, by the sheriff.</p></content></level></subsection><subsection><num>(2)</num><intro><p>An order under subsection <ref href="#d28e42510">(1)</ref> may not authorise the detention of any property—</p></intro><level class="para1"><num>(a)</num><content><p>beyond the end of the period of 6 months beginning with the date of the order, and</p></content></level><level class="para1" eId="d28e42546"><num>(b)</num><content><p>in the case of any further order under this section, beyond the end of the period of 2 years beginning with the date of the first order; but this is subject to subsection <ref href="#d28e42564">(4)</ref>.</p></content></level></subsection><subsection><num>(3)</num><content><p>A justice of the peace may also exercise the power of a magistrates’ court to make the first order under subsection <ref href="#d28e42510">(1)</ref>.</p></content></subsection><subsection eId="d28e42564"><num>(4)</num><content><p>The court or sheriff may make an order for the period of 2 years in subsection <ref href="#d28e42546">(2)(b)</ref> to be extended to a period of up to 3 years beginning with the date of the first order.</p></content></subsection><subsection eId="d28e42573"><num>(5)</num><intro><p>An application for an order under subsection <ref href="#d28e42510">(1)</ref> or <ref href="#d28e42564">(4)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><intro><p>in relation to England and Wales and Northern Ireland, by—</p></intro><level class="para2"><num>(i)</num><content><p>the Commissioners for His Majesty’s Revenue and Customs,</p></content></level><level class="para2"><num>(ii)</num><content><p>a constable,</p></content></level><level class="para2"><num>(iii)</num><content><p>an SFO officer, or</p></content></level><level class="para2"><num>(iv)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453;</p></content></level></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, by the Scottish Ministers in connection with their functions under section <ref href="#d28e43897">303Z41</ref> or by a procurator fiscal.</p></content></level></subsection><subsection><num>(6)</num><intro><p>The court, sheriff or justice may make an order under subsection <ref href="#d28e42510">(1)</ref> if satisfied, in relation to the item of property to be further detained, that—</p></intro><level class="para1"><num>(a)</num><content><p>there are reasonable grounds for suspecting that it is a cryptoasset-related item, and</p></content></level><level class="para1"><num>(b)</num><content><p>its continued detention is justified.</p></content></level></subsection><subsection eId="d28e42645"><num>(7)</num><content><p>The court or sheriff may make an order under subsection <ref href="#d28e42564">(4)</ref> if satisfied that a request for assistance is outstanding in relation to the item of property to be further detained.</p></content></subsection><subsection><num>(8)</num><intro><p>A “request for assistance” in subsection <ref href="#d28e42645">(7)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the property to be further detained, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an enforcement officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Part, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A (evidence overseas).</p></content></level></subsection><subsection><num>(9)</num><content><p>An order under subsection <ref href="#d28e42510">(1)</ref> must provide for notice to be given to persons affected by the order.</p></content></subsection></section><section eId="d28e42699"><num>303Z29</num><heading>Seizure of cryptoassets</heading><subsection eId="d28e42703"><num>(1)</num><content><p>An enforcement officer may seize cryptoassets if the enforcement officer has reasonable grounds for suspecting that the cryptoassets are recoverable property or intended by any person for use in unlawful conduct.</p></content></subsection><subsection><num>(2)</num><content><p>The circumstances in which a cryptoasset is “<term refersTo="#term-seized">seized</term>” for the purposes of subsection <ref href="#d28e42703">(1)</ref> include circumstances in which it is transferred into a crypto wallet controlled by the enforcement officer.</p></content></subsection><subsection><num>(3)</num><content><p>This section does not authorise the seizure by an SFO officer or an accredited financial investigator of cryptoassets as a result of information obtained from a cryptoasset-related item found in Scotland.</p></content></subsection></section><section eId="d28e42730"><num>303Z30</num><heading>Prior authorisation for detention of cryptoassets</heading><subsection><num>(1)</num><content><p>Where an order is made under section <ref href="#d28e42506">303Z28</ref> in respect of a cryptoasset-related item, the court, sheriff or justice making the order may, at the same time, make an order to authorise the detention of any cryptoassets that may be seized as a result of information obtained from that item.</p></content></subsection><subsection><num>(2)</num><content><p>An application for an order under this section may be made, by a person mentioned in section <ref href="#d28e42506">303Z28</ref><ref href="#d28e42573">(5)</ref>, at the same time as an application for an order under section <ref href="#d28e42506">303Z28</ref> is made by that person.</p></content></subsection><subsection><num>(3)</num><content><p>The court, sheriff or justice may make an order under this section if satisfied that there are reasonable grounds for suspecting that the cryptoassets that may be seized are recoverable property or intended by any person for use in unlawful conduct.</p></content></subsection><subsection><num>(4)</num><content><p>An order under this section authorises detention of the cryptoassets for the same period of time as the order under section <ref href="#d28e42506">303Z28</ref> authorises detention in respect of the cryptoasset-related item to which those cryptoassets relate.</p></content></subsection></section><section eId="d28e42775"><num>303Z31</num><heading>Initial detention of seized cryptoassets</heading><subsection eId="d28e42779"><num>(1)</num><content><p>Cryptoassets seized under section <ref href="#d28e42699">303Z29</ref> may be detained for an initial period of 48 hours.</p></content></subsection><subsection><num>(2)</num><content><p>Subsection <ref href="#d28e42779">(1)</ref> authorises the detention of property only for so long as an enforcement officer continues to have reasonable grounds for suspicion in relation to those cryptoassets as described in section <ref href="#d28e42699">303Z29</ref><ref href="#d28e42703">(1)</ref>.</p></content></subsection><subsection eId="d28e42802"><num>(3)</num><intro><p>In calculating a period of 48 hours for the purposes of this section, no account is to be taken of—</p></intro><level class="para1"><num>(a)</num><content><p>any Saturday or Sunday,</p></content></level><level class="para1"><num>(b)</num><content><p>Christmas Day,</p></content></level><level class="para1"><num>(c)</num><content><p>Good Friday,</p></content></level><level class="para1"><num>(d)</num><content><p>any day that is a bank holiday under the Banking and Financial Dealings Act 1971 in the part of the United Kingdom within which the property is seized, or</p></content></level><level class="para1"><num>(e)</num><content><p>any day prescribed by virtue of section 8(2) of the Criminal Procedure (Scotland) Act 1995 as a court holiday in a sheriff court in the sheriff court district within which the property is seized.</p></content></level></subsection><subsection><num>(4)</num><content><p>This section is subject to section <ref href="#d28e42730">303Z30</ref>.</p></content></subsection></section><section eId="d28e42850"><num>303Z32</num><heading>Further detention of seized cryptoassets</heading><subsection eId="d28e42854"><num>(1)</num><intro><p>The period for which cryptoassets seized under section <ref href="#d28e42699">303Z29</ref> may be detained may be extended by an order made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, by a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, by the sheriff.</p></content></level></subsection><subsection><num>(2)</num><intro><p>An order under subsection <ref href="#d28e42854">(1)</ref> may not authorise the detention of any cryptoassets—</p></intro><level class="para1"><num>(a)</num><content><p>beyond the end of the period of 6 months beginning with the date of the order, and</p></content></level><level class="para1" eId="d28e42890"><num>(b)</num><content><p>in the case of any further order under this section, beyond the end of the period of 2 years beginning with the date of the first order; but this is subject to subsection <ref href="#d28e42564">(4)</ref>.</p></content></level></subsection><subsection><num>(3)</num><content><p>A justice of the peace may also exercise the power of a magistrates’ court to make the first order under subsection <ref href="#d28e42854">(1)</ref>.</p></content></subsection><subsection><num>(4)</num><content><p>The court or sheriff may make an order for the period of 2 years in subsection <ref href="#d28e42890">(2)(b)</ref> to be extended to a period of up to 3 years beginning with the date of the first order.</p></content></subsection><subsection><num>(5)</num><intro><p>An application for an order under subsection <ref href="#d28e42510">(1)</ref> or <ref href="#d28e42564">(4)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><intro><p>in relation to England and Wales and Northern Ireland, by—</p></intro><level class="para2"><num>(i)</num><content><p>the Commissioners for His Majesty’s Revenue and Customs,</p></content></level><level class="para2"><num>(ii)</num><content><p>a constable,</p></content></level><level class="para2"><num>(iii)</num><content><p>an SFO officer, or</p></content></level><level class="para2"><num>(iv)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453,</p></content></level></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, by the Scottish Ministers in connection with their functions under section <ref href="#d28e43897">303Z41</ref> or by a procurator fiscal.</p></content></level></subsection><subsection><num>(6)</num><content><p>The court, sheriff or justice may make an order under subsection <ref href="#d28e42510">(1)</ref> if satisfied, in relation to the cryptoassets to be further detained, that there are reasonable grounds for suspecting that the cryptoassets are recoverable property or intended by any person for use in unlawful conduct.</p></content></subsection><subsection><num>(7)</num><content><p>The court or sheriff may make an order under subsection <ref href="#d28e42564">(4)</ref> if satisfied that a request for assistance is outstanding in relation to the cryptoassets to be further detained.</p></content></subsection><subsection><num>(8)</num><intro><p>A “request for assistance” in subsection <ref href="#d28e42645">(7)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the cryptoassets to be further detained, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an enforcement officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Part, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A (evidence overseas).</p></content></level></subsection><subsection><num>(9)</num><content><p>An order under subsection <ref href="#d28e42854">(1)</ref> must provide for notice to be given to persons affected by the order.</p></content></subsection></section><section><num>303Z33</num><heading>Safekeeping of cryptoassets and cryptoasset-related items</heading><subsection><num>(1)</num><content><p>An enforcement officer must arrange for any item of property seized under section <ref href="#d28e42350">303Z26</ref> to be safely stored throughout the period during which it is detained under this Chapter.</p></content></subsection><subsection><num>(2)</num><content><p>An enforcement officer must arrange for any cryptoassets seized under section <ref href="#d28e42699">303Z29</ref> to be safely stored throughout the period during which they are detained under this Chapter.</p></content></subsection></section><section><num>303Z34</num><heading>Release of cryptoassets and cryptoasset-related items</heading><subsection><num>(1)</num><content><p>This section applies while any cryptoasset or other item of property is detained under this Chapter.</p></content></subsection><subsection><num>(2)</num><content><p>A magistrates’ court or (in Scotland) the sheriff may direct the release of the whole or any part of the property if the following condition is met.</p></content></subsection><subsection><num>(3)</num><content><p>The condition is that the court or sheriff is satisfied, on an application by the person from whom the property was seized, that the conditions for the detention of the property in this Chapter are no longer met in relation to the property to be released.</p></content></subsection><subsection eId="d28e43078"><num>(4)</num><content><p>A person within subsection <ref href="#d28e43087">(5)</ref> may, after notifying the magistrates’ court, sheriff or justice under whose order property is being detained, release the whole or any part of the property if satisfied that the detention of the property to be released is no longer justified.</p></content></subsection><subsection eId="d28e43087"><num>(5)</num><intro><p>The following persons are within this subsection—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, an enforcement officer;</p></content></level><level class="para1"><num>(b)</num><intro><p>in relation to Scotland—</p></intro><level class="para2"><num>(i)</num><content><p>the Scottish Ministers,</p></content></level><level class="para2"><num>(ii)</num><content><p>an officer of Revenue and Customs,</p></content></level><level class="para2"><num>(iii)</num><content><p>a constable, and</p></content></level><level class="para2"><num>(iv)</num><content><p>a procurator fiscal.</p></content></level></level></subsection><subsection eId="d28e43129"><num>(6)</num><intro><p>If any cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, an enforcement officer may—</p></intro><level class="para1"><num>(a)</num><content><p>retain the item and deal with it as they see fit,</p></content></level><level class="para1"><num>(b)</num><content><p>dispose of the item, or</p></content></level><level class="para1"><num>(c)</num><content><p>destroy the item.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The powers in subsection <ref href="#d28e43129">(6)</ref> may be exercised only—</p></intro><level class="para1"><num>(a)</num><intro><p>where the enforcement officer has taken reasonable steps to notify—</p></intro><level class="para2"><num>(i)</num><content><p>the person from whom the item was seized, and</p></content></level><level class="para2"><num>(ii)</num><content><p>any other persons who the enforcement officer has reasonable grounds to believe have an interest in the item,</p></content></level><wrapUp><p>that the item has been released, and</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>with the approval of a senior officer.</p></content></level></subsection><subsection><num>(8)</num><intro><p>Any proceeds of a disposal of the item are to be paid—</p></intro><level class="para1"><num>(a)</num><intro><p>into the Consolidated Fund if—</p></intro><level class="para2"><num>(i)</num><content><p>the item was directed to be released by a magistrates’ court, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a magistrates’ court or justice was notified under subsection <ref href="#d28e43078">(4)</ref> of the release;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>into the Scottish Consolidated Fund if—</p></intro><level class="para2"><num>(i)</num><content><p>the item was directed to be released by the sheriff, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the sheriff was notified under subsection <ref href="#d28e43078">(4)</ref> of the release.</p></content></level></level></subsection></section></hcontainer></chapter><chapter><num>CHAPTER 3D</num><heading>Recovery of cryptoassets: freezing orders</heading><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Definitions</heading><section eId="d28e43247"><num>303Z35</num><heading>Definitions</heading><subsection eId="d28e43251"><num>(1)</num><intro><p>In this Chapter—</p></intro><level class="para1" eId="d28e43257"><num>(a)</num><intro><p>“<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para2"><num>(i)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets,</p></content></level><level class="para2"><num>(ii)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another, or</p></content></level><level class="para2"><num>(iii)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>“<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para2"><num>(i)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para2"><num>(ii)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets;</p></content></level></level><level class="para1"><num>(c)</num><content><p>“<term refersTo="#term-cryptoasset-service-provider">cryptoasset service provider</term>” includes cryptoasset exchange provider and custodian wallet provider.</p></content></level></subsection><subsection><num>(2)</num><intro><p>For the purposes of subsection <ref href="#d28e43257">(1)(a)</ref>, “<term refersTo="#term-money">money</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>money in sterling,</p></content></level><level class="para1"><num>(b)</num><content><p>money in any other currency, or</p></content></level><level class="para1"><num>(c)</num><content><p>money in any other medium of exchange,</p></content></level><wrapUp><p>but does not include a cryptoasset.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>In the definition of “cryptoasset exchange provider” in subsection <ref href="#d28e43251">(1)</ref>, “<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, a cryptoasset.</p></content></subsection><subsection eId="d28e43358"><num>(4)</num><content><p>The Secretary of State may by regulations amend the definitions in this section.</p></content></subsection><subsection eId="d28e43364"><num>(5)</num><content><p>The Secretary of State must consult the Scottish Ministers and the Department of Justice before making regulations under subsection <ref href="#d28e43358">(4)</ref>.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Freezing of crypto wallets</heading><section eId="d28e43379"><num>303Z36</num><heading>Application for crypto wallet freezing order</heading><subsection><num>(1)</num><intro><p>This section applies if an enforcement officer has reasonable grounds for suspecting that cryptoassets held in a crypto wallet administered by a UK-connected cryptoasset service provider—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where this section applies (but subject to subsection <ref href="#d28e43410">(3)</ref>) the enforcement officer may apply to the relevant court for a crypto wallet freezing order in relation to the crypto wallet in which the cryptoassets are held.</p></content></subsection><subsection eId="d28e43410"><num>(3)</num><content><p>An enforcement officer may not apply for a crypto wallet freezing order unless the officer is a senior officer or is authorised to do so by a senior officer.</p></content></subsection><subsection><num>(4)</num><intro><p>For the purposes of this Chapter—</p></intro><level class="para1"><num>(a)</num><intro><p>a crypto wallet freezing order is an order that, subject to any exclusions (see section <ref href="#d28e43743">303Z39</ref>), prohibits each person by or for whom the crypto wallet to which the order applies is administered from—</p></intro><level class="para2"><num>(i)</num><content><p>making withdrawals or payments from the crypto wallet, or</p></content></level><level class="para2"><num>(ii)</num><content><p>using the crypto wallet in any other way;</p></content></level></level><level class="para1" eId="d28e43443"><num>(b)</num><content><p>a crypto wallet is administered by or for a person if the person is the person to whom services are being provided by a cryptoasset service provider in relation to that crypto wallet.</p></content></level></subsection><subsection><num>(5)</num><content><p>An application for a crypto wallet freezing order may be made without notice if the circumstances of the case are such that notice of the application would prejudice the taking of any steps under this Part to forfeit cryptoassets that are recoverable property or intended by any person for use in unlawful conduct.</p></content></subsection><subsection><num>(6)</num><intro><p>An application for a crypto wallet freezing order under this section may be combined with an application for an account freezing order under section 303Z1 where a single entity—</p></intro><level class="para1"><num>(a)</num><content><p>is both a relevant financial institution for the purposes of section 303Z1 and a cryptoasset service provider for the purposes of this section, and</p></content></level><level class="para1"><num>(b)</num><content><p>operates or administers, for the same person, both an account holding money (above the minimum amount specified in section 303Z8) and a crypto wallet.</p></content></level></subsection><subsection><num>(7)</num><intro><p>An application for a crypto wallet freezing order may not be made by an SFO officer, or an accredited financial investigator, in relation to a UK-connected cryptoasset service provider where—</p></intro><level class="para1"><num>(a)</num><content><p>the provider has its registered office, or if it does not have one, its head office in Scotland, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in Scotland.</p></content></level></subsection><subsection><num>(8)</num><intro><p>In this Chapter—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-enforcement-officer">enforcement officer</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-relevant-court">relevant court</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, a magistrates’ court, and</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, the sheriff;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-uk-connected-cryptoasset-service-provider">UK-connected cryptoasset service provider</term>” means a cryptoasset service provider which—</p></intro><level class="para1"><num>(a)</num><content><p>is acting in the course of business carried on by it in the United Kingdom,</p></content></level><level class="para1"><num>(b)</num><content><p>has terms and conditions with the persons to whom it provides services which provide for a legal dispute to be litigated in the courts of a part of the United Kingdom,</p></content></level><level class="para1"><num>(c)</num><content><p>holds, in the United Kingdom, any data relating to the persons to whom it provides services, or</p></content></level><level class="para1"><num>(d)</num><content><p>meets the condition in subsection <ref href="#d28e43561">(9)</ref>.</p></content></level></hcontainer></subsection><subsection eId="d28e43561"><num>(9)</num><intro><p>The condition in this subsection is that—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider has its registered office, or if it does not have one, its head office in the United Kingdom, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in the United Kingdom.</p></content></level></subsection></section><section eId="d28e43582"><num>303Z37</num><heading>Making of a crypto wallet freezing order</heading><subsection><num>(1)</num><content><p>This section applies where an application for a crypto wallet freezing order is made under section <ref href="#d28e43379">303Z36</ref> in relation to a crypto wallet.</p></content></subsection><subsection><num>(2)</num><intro><p>The relevant court may make the order if satisfied that there are reasonable grounds for suspecting that some or all of the cryptoassets held in the crypto wallet—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection eId="d28e43613"><num>(3)</num><content><p>A crypto wallet freezing order ceases to have effect at the end of the period specified in the order (which may be varied under section <ref href="#d28e43697">303Z38</ref>) unless it ceases to have effect at an earlier or later time in accordance with this Chapter or Chapter 3E or 3F.</p></content></subsection><subsection eId="d28e43622"><num>(4)</num><content><p>The period specified by the relevant court for the purposes of subsection <ref href="#d28e43613">(3)</ref> (whether when the order is first made or on a variation under section <ref href="#d28e43697">303Z38</ref>) may not exceed the period of 2 years, beginning with the day on which the crypto wallet freezing order is (or was) made; but this is subject to subsection <ref href="#d28e43637">(5)</ref>.</p></content></subsection><subsection eId="d28e43637"><num>(5)</num><content><p>The relevant court may make an order for the period of 2 years in subsection <ref href="#d28e43622">(4)</ref> to be extended to a period of up to 3 years beginning with the day on which the crypto wallet freezing order is (or was) made.</p></content></subsection><subsection eId="d28e43646"><num>(6)</num><content><p>The relevant court may make an order under subsection <ref href="#d28e43637">(5)</ref> if satisfied that a request for assistance is outstanding in relation to some or all of the cryptoassets held in the crypto wallet.</p></content></subsection><subsection><num>(7)</num><intro><p>A “request for assistance” in subsection <ref href="#d28e43646">(6)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with some or all of the cryptoassets held in the crypto wallet, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an enforcement officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Part, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A (evidence overseas).</p></content></level></subsection><subsection><num>(8)</num><content><p>A crypto wallet freezing order must provide for notice to be given to persons affected by the order.</p></content></subsection></section><section eId="d28e43697"><num>303Z38</num><heading>Variation and setting aside of crypto wallet freezing order</heading><subsection eId="d28e43701"><num>(1)</num><intro><p>The relevant court may at any time vary or set aside a crypto wallet freezing order on an application made by—</p></intro><level class="para1"><num>(a)</num><content><p>an enforcement officer, or</p></content></level><level class="para1"><num>(b)</num><content><p>any person affected by the order.</p></content></level></subsection><subsection><num>(2)</num><content><p>But an enforcement officer may not make an application under subsection <ref href="#d28e43701">(1)</ref> unless the officer is a senior officer or is authorised to do so by a senior officer.</p></content></subsection><subsection><num>(3)</num><content><p>Before varying or setting aside a crypto wallet freezing order the court must (as well as giving the parties to the proceedings an opportunity to be heard) give such an opportunity to any person who may be affected by its decision.</p></content></subsection><subsection><num>(4)</num><content><p>In relation to Scotland, the references in this section to setting aside an order are to be read as references to recalling it.</p></content></subsection></section><section eId="d28e43743"><num>303Z39</num><heading>Exclusions</heading><subsection><num>(1)</num><content><p>The power to vary a crypto wallet freezing order includes (amongst other things) power to make exclusions from the prohibition on making withdrawals or payments from the crypto wallet to which the order applies.</p></content></subsection><subsection><num>(2)</num><content><p>Exclusions from the prohibition may also be made when the order is made.</p></content></subsection><subsection><num>(3)</num><intro><p>An exclusion may (amongst other things) make provision for the purpose of enabling a person by or for whom the crypto wallet is administered—</p></intro><level class="para1"><num>(a)</num><content><p>to meet the person’s reasonable living expenses, or</p></content></level><level class="para1"><num>(b)</num><content><p>to carry on any trade, business, profession or occupation.</p></content></level></subsection><subsection eId="d28e43777"><num>(4)</num><content><p>An exclusion may be made subject to conditions.</p></content></subsection><subsection><num>(5)</num><intro><p>Where a magistrates’ court exercises the power to make an exclusion for the purpose of enabling a person to meet legal expenses that the person has incurred, or may incur, in respect of proceedings under this Part, it must ensure that the exclusion—</p></intro><level class="para1"><num>(a)</num><content><p>is limited to reasonable legal expenses that the person has reasonably incurred or that the person reasonably incurs,</p></content></level><level class="para1"><num>(b)</num><content><p>specifies the total amount that may be released for legal expenses in pursuance of the exclusion, and</p></content></level><level class="para1"><num>(c)</num><content><p>is made subject to the same conditions as would be the required conditions (see section 286A) if the order had been made under section 245A (in addition to any conditions imposed under subsection <ref href="#d28e43777">(4)</ref>).</p></content></level></subsection><subsection eId="d28e43810"><num>(6)</num><intro><p>A magistrates’ court, in deciding whether to make an exclusion for the purpose of enabling a person to meet legal expenses in respect of proceedings under this Part—</p></intro><level class="para1"><num>(a)</num><content><p>must have regard to the desirability of the person being represented in any proceedings under this Part in which the person is a participant, and</p></content></level><level class="para1"><num>(b)</num><intro><p>must disregard the possibility that legal representation of the person in any such proceedings might, were an exclusion not made—</p></intro><level class="para2"><num>(i)</num><content><p>be made available under arrangements made for the purposes of Part 1 of the Legal Aid, Sentencing and Punishment of Offenders Act 2012, or</p></content></level><level class="para2"><num>(ii)</num><content><p>be funded by the Department of Justice.</p></content></level></level></subsection><subsection><num>(7)</num><content><p>The sheriff’s power to make exclusions may not be exercised for the purpose of enabling any person to meet any legal expenses in respect of proceedings under this Part.</p></content></subsection><subsection><num>(8)</num><content><p>The power to make exclusions must, subject to subsection <ref href="#d28e43810">(6)</ref>, be exercised with a view to ensuring, so far as practicable, that there is not undue prejudice to the taking of any steps under this Part to forfeit cryptoassets that are recoverable property or intended by any person for use in unlawful conduct.</p></content></subsection></section><section><num>303Z40</num><heading>Restrictions on proceedings and remedies</heading><subsection eId="d28e43862"><num>(1)</num><content><p>If a court in which proceedings are pending in respect of a crypto wallet administered by a UK-connected cryptoasset service provider is satisfied that a crypto wallet freezing order has been applied for or made in respect of the crypto wallet, it may either stay the proceedings or allow them to continue on any terms it thinks fit.</p></content></subsection><subsection><num>(2)</num><content><p>Before exercising the power conferred by subsection <ref href="#d28e43862">(1)</ref>, the court must (as well as giving the parties to any of the proceedings concerned an opportunity to be heard) give such an opportunity to any person who may be affected by the court’s decision.</p></content></subsection><subsection><num>(3)</num><content><p>In relation to Scotland, the reference in subsection <ref href="#d28e43862">(1)</ref> to staying the proceedings is to be read as a reference to sisting the proceedings.</p></content></subsection></section></hcontainer></chapter><chapter><num>CHAPTER 3E</num><heading>Forfeiture of cryptoassets following detention or freezing order</heading><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Forfeiture orders</heading><section eId="d28e43897"><num>303Z41</num><heading>Forfeiture order</heading><subsection><num>(1)</num><intro><p>This section applies—</p></intro><level class="para1"><num>(a)</num><content><p>while any cryptoassets are detained under Chapter 3C, or</p></content></level><level class="para1"><num>(b)</num><content><p>while a crypto wallet freezing order made under section <ref href="#d28e43582">303Z37</ref> has effect.</p></content></level></subsection><subsection eId="d28e43922"><num>(2)</num><intro><p>An application for the forfeiture of some or all of the cryptoassets that are detained or held in the crypto wallet that is subject to the crypto wallet freezing order may be made—</p></intro><level class="para1" eId="d28e43928"><num>(a)</num><content><p>to a magistrates’ court by a person within subsection <ref href="#d28e43943">(3)</ref>, or</p></content></level><level class="para1" eId="d28e43937"><num>(b)</num><content><p>to the sheriff by the Scottish Ministers.</p></content></level></subsection><subsection eId="d28e43943"><num>(3)</num><intro><p>The following persons are within this subsection—</p></intro><level class="para1"><num>(a)</num><content><p>the Commissioners for His Majesty’s Revenue and Customs,</p></content></level><level class="para1"><num>(b)</num><content><p>a constable,</p></content></level><level class="para1"><num>(c)</num><content><p>an SFO officer, and</p></content></level><level class="para1"><num>(d)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453.</p></content></level></subsection><subsection eId="d28e43973"><num>(4)</num><intro><p>The court or sheriff may order the forfeiture of some or all of the cryptoassets if satisfied that the cryptoassets—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection eId="d28e43991"><num>(5)</num><intro><p>An order under subsection <ref href="#d28e43973">(4)</ref> made by a magistrates’ court may provide for payment under section <ref href="#d28e45401">303Z49</ref> of reasonable legal expenses that a person has reasonably incurred, or may reasonably incur, in respect of—</p></intro><level class="para1"><num>(a)</num><content><p>the proceedings in which the order is made, or</p></content></level><level class="para1"><num>(b)</num><content><p>any related proceedings under this Chapter.</p></content></level></subsection><subsection eId="d28e44015"><num>(6)</num><intro><p>A sum in respect of a relevant item of expenditure is not payable under section <ref href="#d28e45401">303Z49</ref> in pursuance of provision under subsection <ref href="#d28e43991">(5)</ref> unless—</p></intro><level class="para1"><num>(a)</num><content><p>the person who applied for the order under subsection <ref href="#d28e43973">(4)</ref> agrees to its payment, or</p></content></level><level class="para1"><num>(b)</num><content><p>the court has assessed the amount allowed in respect of that item and the sum is paid in respect of the assessed amount.</p></content></level></subsection><subsection eId="d28e44042"><num>(7)</num><intro><p>For the purposes of subsection <ref href="#d28e44015">(6)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>a “relevant item of expenditure” is an item of expenditure to which regulations under section 286B would apply if the order under subsection <ref href="#d28e43973">(4)</ref> had instead been a recovery order;</p></content></level><level class="para1"><num>(b)</num><content><p>an amount is “allowed” in respect of a relevant item of expenditure if it would have been allowed by those regulations;</p></content></level><level class="para1"><num>(c)</num><content><p>if the person who applied for the order under subsection <ref href="#d28e43973">(4)</ref> was a constable, an SFO officer or an accredited financial investigator, that person may not agree to the payment of a sum unless the person is a senior officer or is authorised to do so by a senior officer.</p></content></level></subsection><subsection><num>(8)</num><content><p>Subsection <ref href="#d28e43973">(4)</ref> ceases to apply on the transfer of an application made under this section in accordance with section <ref href="#d28e44767">303Z45</ref><ref href="#d28e44771">(1)</ref>.</p></content></subsection><subsection><num>(9)</num><intro><p>In this Chapter—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet-freezing-order">crypto wallet freezing order</term>” has the same meaning as in Chapter 3D (see section <ref href="#d28e43379">303Z36</ref>);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-enforcement-officer">enforcement officer</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>.</p></content></hcontainer></subsection><subsection><num>(10)</num><content><p>Section <ref href="#d28e43379">303Z36</ref><ref href="#d28e43443">(4)(b)</ref> applies in relation to this Chapter as it applies in relation to Chapter 3D.</p></content></subsection></section><section eId="d28e44140"><num>303Z42</num><heading>Forfeiture order: supplementary</heading><subsection><num>(1)</num><content><p>Subsection <ref href="#d28e44156">(2)</ref> applies where an application is made under section <ref href="#d28e43897">303Z41</ref> for the forfeiture of any cryptoassets detained under Chapter 3C.</p></content></subsection><subsection eId="d28e44156"><num>(2)</num><content><p>The cryptoassets are to continue to be detained under Chapter 3C (and may not be released under any power conferred by this Part) until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.</p><p>This subsection is subject to Chapter 3F (conversion to money).</p></content></subsection><subsection><num>(3)</num><intro><p>Where an application is made under section 303Z41 in relation to cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order—</p></intro><level class="para1"><num>(a)</num><content><p>subsections (4) and (5) apply, and</p></content></level><level class="para1"><num>(b)</num><content><p>the crypto wallet freezing order is to continue to have effect until the time referred to in subsection (4)(b) or (5).</p></content></level></subsection><subsection eId="d28e44183"><num>(4)</num><intro><p>Where the cryptoassets are ordered to be forfeited under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43973">(4)</ref> or <ref href="#d28e44767">303Z45</ref><ref href="#d28e44807">(3)</ref>—</p></intro><level class="para1" eId="d28e44199"><num>(a)</num><content><p>the cryptoasset service provider that administers the crypto wallet must transfer the cryptoassets into a crypto wallet nominated by an enforcement officer, and</p></content></level><level class="para1" eId="d28e44205"><num>(b)</num><content><p>immediately after the transfer has been made, the freezing order ceases to have effect.</p></content></level></subsection><subsection eId="d28e44211"><num>(5)</num><content><p>Where the application is determined or otherwise disposed of other than by the making of an order under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43973">(4)</ref> or <ref href="#d28e44767">303Z45</ref><ref href="#d28e44807">(3)</ref>, the crypto wallet freezing order ceases to have effect immediately after that determination or other disposal.</p></content></subsection><subsection eId="d28e44227"><num>(6)</num><content><p>Subsections <ref href="#d28e44183">(4)</ref>(b) and <ref href="#d28e44211">(5)</ref> are subject to section <ref href="#d28e45028">303Z46</ref> and Chapter 3F.</p></content></subsection><subsection eId="d28e44242"><num>(7)</num><content><p>The Secretary of State may by regulations amend this section to make provision about the forfeiture of cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order.</p></content></subsection><subsection><num>(8)</num><intro><p>Regulations under subsection <ref href="#d28e44242">(7)</ref> may in particular make provision about—</p></intro><level class="para1"><num>(a)</num><content><p>the process for the forfeiture of cryptoassets;</p></content></level><level class="para1"><num>(b)</num><content><p>the realisation of forfeited cryptoassets;</p></content></level><level class="para1"><num>(c)</num><content><p>the application of the proceeds of such realisation.</p></content></level></subsection><subsection><num>(9)</num><content><p>Regulations under subsection <ref href="#d28e44242">(7)</ref> may make consequential amendments of this Chapter.</p></content></subsection><subsection eId="d28e44284"><num>(10)</num><intro><p>The Secretary of State may not make regulations under subsection <ref href="#d28e44242">(7)</ref> unless the Secretary of State has—</p></intro><level class="para1" eId="d28e44293"><num>(a)</num><content><p>consulted the Scottish Ministers and the Department of Justice, and</p></content></level><level class="para1" eId="d28e44299"><num>(b)</num><content><p>given a notice containing the relevant information to the Scottish Ministers and the Department of Justice.</p></content></level></subsection><subsection><num>(11)</num><intro><p>Consultation under subsection <ref href="#d28e44293">(10)(a)</ref> must include consultation about any effects that the Secretary of State considers the regulations may have on—</p></intro><level class="para1"><num>(a)</num><content><p>a person in Scotland or Northern Ireland (as the case may be) applying for the forfeiture of cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order, and</p></content></level><level class="para1"><num>(b)</num><content><p>a sheriff or court in Scotland or a court in Northern Ireland (as the case may be) considering such an application or making an order for such forfeiture.</p></content></level></subsection><subsection><num>(12)</num><intro><p>In subsection <ref href="#d28e44299">(10)(b)</ref> “<term refersTo="#term-relevant-information">relevant information</term>” means—</p></intro><level class="para1" eId="d28e44339"><num>(a)</num><intro><p>a description of—</p></intro><level class="para2"><num>(i)</num><content><p>the process undertaken in order to comply with subsection <ref href="#d28e44293">(10)(a)</ref> in relation to the Scottish Ministers or the Department of Justice (as the case may be), and</p></content></level><level class="para2"><num>(ii)</num><content><p>any agreement, objection or other views expressed as part of that process by the Scottish Ministers or the Department of Justice (as the case may be), and</p></content></level></level><level class="para1"><num>(b)</num><content><p>an explanation of whether and how such views have been taken into account in the regulations (including, in a case where the Secretary of State proposes to make the regulations despite an objection, an explanation of the reasons for doing so).</p></content></level></subsection></section><section eId="d28e44369"><num>303Z43</num><heading>Associated and joint property</heading><subsection eId="d28e44373"><num>(1)</num><intro><p>Sections <ref href="#d28e44502">303Z44</ref> and <ref href="#d28e44767">303Z45</ref> apply if—</p></intro><level class="para1"><num>(a)</num><content><p>an application is made under section <ref href="#d28e43897">303Z41</ref> in respect of cryptoassets,</p></content></level><level class="para1" eId="d28e44394"><num>(b)</num><content><p>the court or sheriff is satisfied that some or all of the cryptoassets are recoverable property or are intended by any person for use in unlawful conduct, and</p></content></level><level class="para1"><num>(c)</num><content><p>there exists property that is associated with the cryptoassets in relation to which the court or sheriff is satisfied as mentioned in paragraph (b).</p></content></level></subsection><subsection eId="d28e44406"><num>(2)</num><intro><p>Sections <ref href="#d28e44502">303Z44</ref> and <ref href="#d28e44767">303Z45</ref> also apply in England and Wales and Northern Ireland if—</p></intro><level class="para1"><num>(a)</num><content><p>an application is made under section <ref href="#d28e43897">303Z41</ref> in respect of cryptoassets,</p></content></level><level class="para1" eId="d28e44427"><num>(b)</num><content><p>the court is satisfied that some or all of the cryptoassets are recoverable property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the cryptoassets in relation to which the court is satisfied as mentioned in paragraph <ref href="#d28e44427">(b)</ref> belong to joint tenants and one of the tenants is an excepted joint owner.</p></content></level></subsection><subsection><num>(3)</num><intro><p>In this section and sections <ref href="#d28e44502">303Z44</ref> and <ref href="#d28e44767">303Z45</ref> “<term refersTo="#term-associated-property">associated property</term>” means property of any of the following descriptions that is not itself the forfeitable property—</p></intro><level class="para1"><num>(a)</num><content><p>any interest in the forfeitable property;</p></content></level><level class="para1"><num>(b)</num><content><p>any other interest in the property in which the forfeitable property subsists;</p></content></level><level class="para1"><num>(c)</num><content><p>if the forfeitable property is part of a larger property, but not a separate part, the remainder of that property.</p></content></level><wrapUp><p>References to property being associated with forfeitable property are to be read accordingly.</p></wrapUp></subsection><subsection><num>(4)</num><content><p>In this section and sections <ref href="#d28e44502">303Z44</ref> and <ref href="#d28e44767">303Z45</ref>, the “<term refersTo="#term-forfeitable-property">forfeitable property</term>” means the cryptoassets in relation to which the court or sheriff is satisfied as mentioned in subsection <ref href="#d28e44394">(1)(b)</ref> or <ref href="#d28e44427">(2)(b)</ref> (as the case may be).</p></content></subsection></section><section eId="d28e44502"><num>303Z44</num><heading>Agreements about associated and joint property</heading><subsection eId="d28e44506"><num>(1)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>this section applies, and</p></content></level><level class="para1" eId="d28e44518"><num>(b)</num><content><p>the person who applied for the order under section <ref href="#d28e43897">303Z41</ref> (on the one hand) and the person who holds the associated property or who is the excepted joint owner (on the other hand) agree,</p></content></level><wrapUp><p>the magistrates’ court or sheriff may, instead of making an order under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43973">(4)</ref>, make an order requiring the person who holds the associated property or who is the excepted joint owner to make a payment to a person identified in the order.</p></wrapUp></subsection><subsection><num>(2)</num><intro><p>The amount of the payment is (subject to subsection <ref href="#d28e44568">(3)</ref>) to be the amount which the persons referred to in subsection <ref href="#d28e44518">(1)(b)</ref> agree represents—</p></intro><level class="para1"><num>(a)</num><content><p>in a case where this section applies by virtue of section <ref href="#d28e44369">303Z43</ref><ref href="#d28e44373">(1)</ref>, the value of the forfeitable property;</p></content></level><level class="para1"><num>(b)</num><content><p>in a case where this section applies by virtue of section <ref href="#d28e44369">303Z43</ref><ref href="#d28e44406">(2)</ref>, the value of the forfeitable property less the value of the excepted joint owner’s share.</p></content></level></subsection><subsection eId="d28e44568"><num>(3)</num><intro><p>The amount of the payment may be reduced if the person who applied for the order under section <ref href="#d28e43897">303Z41</ref> agrees that the other party to the agreement has suffered loss as a result of—</p></intro><level class="para1"><num>(a)</num><content><p>the seizure of the forfeitable property under section <ref href="#d28e42699">303Z29</ref> and its subsequent detention, or</p></content></level><level class="para1"><num>(b)</num><content><p>the making of a crypto wallet freezing order under section <ref href="#d28e43582">303Z37</ref>.</p></content></level></subsection><subsection><num>(4)</num><content><p>The reduction that is permissible by virtue of subsection <ref href="#d28e44568">(3)</ref> is such amount as the parties to the agreement agree is reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subsection><subsection><num>(5)</num><content><p>An order under subsection <ref href="#d28e44506">(1)</ref> may, so far as required for giving effect to the agreement, include provision for vesting, creating or extinguishing any interest in property.</p></content></subsection><subsection eId="d28e44613"><num>(6)</num><intro><p>An order under subsection <ref href="#d28e44506">(1)</ref> made by a magistrates’ court may provide for payment under subsection <ref href="#d28e44719">(12)</ref> of reasonable legal expenses that a person has reasonably incurred, or may reasonably incur, in respect of—</p></intro><level class="para1"><num>(a)</num><content><p>the proceedings in which the order is made, or</p></content></level><level class="para1"><num>(b)</num><content><p>any related proceedings under this Chapter.</p></content></level></subsection><subsection eId="d28e44637"><num>(7)</num><intro><p>A sum in respect of a relevant item of expenditure is not payable under subsection <ref href="#d28e44719">(12)</ref> in pursuance of provision under subsection <ref href="#d28e44613">(6)</ref> unless—</p></intro><level class="para1"><num>(a)</num><content><p>the person who applied for the order under section <ref href="#d28e43897">303Z41</ref> agrees to its payment, or</p></content></level><level class="para1"><num>(b)</num><content><p>the court has assessed the amount allowed in respect of that item and the sum is paid in respect of the assessed amount.</p></content></level></subsection><subsection><num>(8)</num><intro><p>For the purposes of subsection <ref href="#d28e44637">(7)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>a “relevant item of expenditure” is an item of expenditure to which regulations under section 286B would apply if the order under subsection <ref href="#d28e44506">(1)</ref> had instead been a recovery order;</p></content></level><level class="para1"><num>(b)</num><content><p>an amount is “allowed” in respect of a relevant item of expenditure if it would have been allowed by those regulations.</p></content></level></subsection><subsection><num>(9)</num><content><p>For the purposes of section 308(2), on the making of an order under subsection <ref href="#d28e44506">(1)</ref>, the forfeitable property is to be treated as if it had been forfeited.</p></content></subsection><subsection><num>(10)</num><content><p>If there is more than one item of associated property or more than one excepted joint owner, the total amount to be paid under subsection <ref href="#d28e44506">(1)</ref>, and the part of that amount which is to be provided by each person who holds any such associated property or who is an excepted joint owner, is to be agreed between both (or all) of them and the person who applied for the order under section <ref href="#d28e43897">303Z41</ref>.</p></content></subsection><subsection><num>(11)</num><content><p>If the person who applied for the order under section <ref href="#d28e43897">303Z41</ref> was a constable, an SFO officer or an accredited financial investigator, that person may enter into an agreement for the purposes of any provision of this section only if the person is a senior officer or is authorised to do so by a senior officer.</p></content></subsection><subsection eId="d28e44719"><num>(12)</num><intro><p>An amount received under an order under subsection <ref href="#d28e44506">(1)</ref> must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, it must be applied in making any payment of legal expenses which, after giving effect to subsection <ref href="#d28e44637">(7)</ref>, are payable under this subsection in pursuance of provision under subsection <ref href="#d28e44613">(6)</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>second, it must be applied in payment or reimbursement of any reasonable costs incurred in storing or insuring the forfeitable property and any associated property whilst detained under this Part;</p></content></level><level class="para1"><num>(c)</num><intro><p>third, it must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if the order was made by a magistrates’ court, into the Consolidated Fund;</p></content></level><level class="para2"><num>(ii)</num><content><p>if the order was made by the sheriff, into the Scottish Consolidated Fund.</p></content></level></level></subsection></section><section eId="d28e44767"><num>303Z45</num><heading>Associated and joint property: default of agreement</heading><subsection eId="d28e44771"><num>(1)</num><content><p>Where this section applies and there is no agreement under section <ref href="#d28e44502">303Z44</ref>, the magistrates’ court or sheriff may transfer the application made under section <ref href="#d28e43897">303Z41</ref> to the appropriate court.</p></content></subsection><subsection><num>(2)</num><intro><p>The “appropriate court” is—</p></intro><level class="para1"><num>(a)</num><content><p>the High Court, where the application under section <ref href="#d28e43897">303Z41</ref> was made to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>the Court of Session, where the application under section <ref href="#d28e43897">303Z41</ref> was made to the sheriff.</p></content></level></subsection><subsection eId="d28e44807"><num>(3)</num><content><p>Where (under subsection <ref href="#d28e44771">(1)</ref>) an application made under section <ref href="#d28e43897">303Z41</ref> is transferred to the appropriate court, the appropriate court may order the forfeiture of the property to which the application relates, or any part of that property, if satisfied that what is to be forfeited is recoverable property or intended by any person for use in unlawful conduct.</p></content></subsection><subsection eId="d28e44819"><num>(4)</num><content><p>An order under subsection <ref href="#d28e44807">(3)</ref> made by the High Court may include provision of the type that may be included in an order under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43973">(4)</ref> made by a magistrates’ court by virtue of section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43991">(5)</ref>.</p></content></subsection><subsection eId="d28e44838"><num>(5)</num><content><p>If provision is included in an order of the High Court by virtue of subsection <ref href="#d28e44819">(4)</ref> of this section, section <ref href="#d28e43897">303Z41</ref><ref href="#d28e44015">(6)</ref> and <ref href="#d28e44042">(7)</ref> apply with the necessary modifications.</p></content></subsection><subsection eId="d28e44855"><num>(6)</num><intro><p>The appropriate court may, as well as making an order under subsection <ref href="#d28e44807">(3)</ref>, make an order—</p></intro><level class="para1"><num>(a)</num><content><p>providing for the forfeiture of the associated property or (as the case may be) for the excepted joint owner‘s interest to be extinguished, or</p></content></level><level class="para1"><num>(b)</num><content><p>providing for the excepted joint owner‘s interest to be severed.</p></content></level></subsection><subsection eId="d28e44876"><num>(7)</num><intro><p>Where (under subsection <ref href="#d28e44771">(1)</ref>) the magistrates’ court or sheriff decides not to transfer an application made under section <ref href="#d28e43897">303Z41</ref> to the appropriate court, the magistrates’ court or sheriff may, as well as making an order under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43973">(4)</ref>, make an order—</p></intro><level class="para1"><num>(a)</num><content><p>providing for the forfeiture of the associated property or (as the case may be) for the excepted joint owner‘s interest to be extinguished, or</p></content></level><level class="para1"><num>(b)</num><content><p>providing for the excepted joint owner‘s interest to be severed.</p></content></level></subsection><subsection><num>(8)</num><content><p>An order under subsection <ref href="#d28e44855">(6)</ref> or <ref href="#d28e44876">(7)</ref> may be made only if the appropriate court, the magistrates’ court or the sheriff (as the case may be) thinks it just and equitable to do so.</p></content></subsection><subsection eId="d28e44917"><num>(9)</num><content><p>An order under subsection <ref href="#d28e44855">(6)</ref> or <ref href="#d28e44876">(7)</ref> must provide for the payment of an amount to the person who holds the associated property or who is an excepted joint owner.</p></content></subsection><subsection><num>(10)</num><intro><p>In making an order under subsection <ref href="#d28e44855">(6)</ref> or <ref href="#d28e44876">(7)</ref>, and including provision in it by virtue of subsection <ref href="#d28e44917">(9)</ref>, the appropriate court, the magistrates’ court or the sheriff (as the case may be) must have regard to—</p></intro><level class="para1"><num>(a)</num><content><p>the rights of any person who holds the associated property or who is an excepted joint owner and the value to that person of that property or (as the case may be) of that person‘s share (including any value that cannot be assessed in terms of money), and</p></content></level><level class="para1"><num>(b)</num><content><p>the interest of the person who applied for the order under section <ref href="#d28e43897">303Z41</ref> in realising the value of the forfeitable property.</p></content></level></subsection><subsection eId="d28e44959"><num>(11)</num><intro><p>If the appropriate court, the magistrates’ court or the sheriff (as the case may be) is satisfied that—</p></intro><level class="para1"><num>(a)</num><intro><p>the person who holds the associated property or who is an excepted joint owner has suffered loss as a result of—</p></intro><level class="para2"><num>(i)</num><content><p>the seizure of the forfeitable property under section <ref href="#d28e42699">303Z29</ref> and its subsequent detention, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the making of the crypto wallet freezing order under section <ref href="#d28e43582">303Z37</ref>, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>the circumstances are exceptional,</p></content></level><wrapUp><p>an order under subsection <ref href="#d28e44855">(6)</ref> or <ref href="#d28e44876">(7)</ref> may require the payment of compensation to that person.</p></wrapUp></subsection><subsection><num>(12)</num><content><p>The amount of compensation to be paid by virtue of subsection <ref href="#d28e44959">(11)</ref> is the amount the appropriate court, the magistrates’ court or the sheriff (as the case may be) thinks reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subsection><subsection><num>(13)</num><content><p>Compensation to be paid by virtue of subsection <ref href="#d28e44959">(11)</ref> is to be paid in the same way that compensation is to be paid under section <ref href="#d28e45778">303Z52</ref>.</p></content></subsection></section><section eId="d28e45028"><num>303Z46</num><heading>Continuation of crypto wallet freezing order pending appeal</heading><subsection><num>(1)</num><intro><p>This section applies where, on an application under section <ref href="#d28e43897">303Z41</ref> in relation to a crypto wallet to which a crypto wallet freezing order applies—</p></intro><level class="para1"><num>(a)</num><intro><p>the magistrates’ court or sheriff decides—</p></intro><level class="para2"><num>(i)</num><content><p>to make an order under section 303Z41(4) in relation to some but not all of the cryptoassets to which the application related, or</p></content></level><level class="para2"><num>(ii)</num><content><p>not to make an order under section 303Z41(4), or</p></content></level></level><level class="para1"><num>(b)</num><intro><p>if the application is transferred in accordance with section 303Z45(1), the High Court or Court of Session decides—</p></intro><level class="para2"><num>(i)</num><content><p>to make an order under section 303Z45(3) in relation to some but not all of the cryptoassets to which the application related, or</p></content></level><level class="para2"><num>(ii)</num><content><p>not to make an order under section 303Z45(3).</p></content></level></level></subsection><subsection eId="d28e45077"><num>(2)</num><content><p>The person who made the application under section <ref href="#d28e43897">303Z41</ref> may apply without notice to the court or sheriff that made the decision referred to in subsection (1) for an order that the crypto wallet freezing order is to continue to have effect.</p></content></subsection><subsection eId="d28e45086"><num>(3)</num><intro><p>Where the court or sheriff makes an order under subsection <ref href="#d28e45077">(2)</ref> the crypto wallet freezing order is to continue to have effect until—</p></intro><level class="para1"><num>(a)</num><content><p>the end of the period of 48 hours starting with the making of the order under subsection <ref href="#d28e45077">(2)</ref>, or</p></content></level><level class="para1"><num>(b)</num><content><p>if within that period of 48 hours an appeal is brought (whether under section <ref href="#d28e45137">303Z47</ref> or otherwise) against the decision referred to in subsection (1), the time when the appeal is determined or otherwise disposed of.</p></content></level></subsection><subsection><num>(4)</num><content><p>Subsection <ref href="#d28e42802">(3)</ref> of section <ref href="#d28e42775">303Z31</ref> applies for the purposes of subsection <ref href="#d28e45086">(3)</ref> as it applies for the purposes of that section.</p></content></subsection></section><section eId="d28e45137"><num>303Z47</num><heading>Sections <ref href="#d28e43897">303Z41</ref> to <ref href="#d28e44767">303Z45</ref>: appeals</heading><subsection eId="d28e45141"><num>(1)</num><intro><p>Any party to proceedings for an order for the forfeiture of cryptoassets under section <ref href="#d28e43897">303Z41</ref> may appeal against—</p></intro><level class="para1"><num>(a)</num><content><p>the making of an order under section <ref href="#d28e43897">303Z41</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>the making of an order under section <ref href="#d28e44767">303Z45</ref><ref href="#d28e44876">(7)</ref>;</p></content></level><level class="para1" eId="d28e45170"><num>(c)</num><content><p>a decision not to make an order under section <ref href="#d28e43897">303Z41</ref> unless the reason that no order was made is that an order was instead made under section <ref href="#d28e44502">303Z44</ref>;</p></content></level><level class="para1" eId="d28e45182"><num>(d)</num><content><p>a decision not to make an order under section <ref href="#d28e44767">303Z45</ref><ref href="#d28e44876">(7)</ref>.</p></content></level><wrapUp><p>Paragraphs <ref href="#d28e45170">(c)</ref> and <ref href="#d28e45182">(d)</ref> do not apply if the application for the order under section <ref href="#d28e43897">303Z41</ref> was transferred in accordance with section <ref href="#d28e44767">303Z45</ref><ref href="#d28e44771">(1)</ref>.</p></wrapUp></subsection><subsection eId="d28e45210"><num>(2)</num><content><p>Where an order under section <ref href="#d28e44502">303Z44</ref> is made by a magistrates’ court, any party to the proceedings for the order (including any party to the proceedings under section <ref href="#d28e43897">303Z41</ref> that preceded the making of the order) may appeal against a decision to include, or not to include, provision in the order under section <ref href="#d28e44502">303Z44</ref><ref href="#d28e44613">(6)</ref>.</p></content></subsection><subsection><num>(3)</num><intro><p>An appeal under this section lies—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales, to the Crown Court;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, to the Sheriff Appeal Court;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to Northern Ireland, to a county court.</p></content></level></subsection><subsection eId="d28e45251"><num>(4)</num><content><p>An appeal under this section must be made before the end of the period of 30 days starting with the day on which the court or sheriff makes the order or decision.</p></content></subsection><subsection><num>(5)</num><content><p>The court hearing the appeal may make any order it thinks appropriate.</p></content></subsection><subsection eId="d28e45263"><num>(6)</num><content><p>If the court upholds an appeal against an order forfeiting any cryptoasset or other item of property, it may order the release of the whole or any part of the property.</p></content></subsection></section><section eId="d28e45272"><num>303Z48</num><heading>Realisation or destruction of forfeited cryptoassets etc</heading><subsection eId="d28e45276"><num>(1)</num><content><p>This section applies where any cryptoasset or other item of property is forfeited under this Chapter.</p></content></subsection><subsection eId="d28e45282"><num>(2)</num><intro><p>An enforcement officer must—</p></intro><level class="para1"><num>(a)</num><content><p>realise the property, or</p></content></level><level class="para1"><num>(b)</num><content><p>make arrangements for its realisation.</p></content></level><wrapUp><p>This is subject to subsections <ref href="#d28e45309">(3)</ref> to <ref href="#d28e45339">(5)</ref>.</p></wrapUp></subsection><subsection eId="d28e45309"><num>(3)</num><intro><p>The property is not to be realised—</p></intro><level class="para1"><num>(a)</num><content><p>before the end of the period within which an appeal may be made (whether under section <ref href="#d28e45137">303Z47</ref> or otherwise), or</p></content></level><level class="para1"><num>(b)</num><content><p>if an appeal is made within that period, before the appeal is determined or otherwise disposed of.</p></content></level></subsection><subsection><num>(4)</num><content><p>The realisation of property under subsection <ref href="#d28e45282">(2)</ref> must be carried out, so far as practicable, in the manner best calculated to maximise the amount obtained for the property.</p></content></subsection><subsection eId="d28e45339"><num>(5)</num><intro><p>Where an enforcement officer is satisfied that—</p></intro><level class="para1"><num>(a)</num><content><p>it is not reasonably practicable to realise any cryptoasset, or</p></content></level><level class="para1"><num>(b)</num><content><p>there are reasonable grounds to believe that the realisation of any cryptoasset would be contrary to the public interest,</p></content></level><wrapUp><p>the enforcement officer may destroy the cryptoasset.</p></wrapUp></subsection><subsection><num>(6)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>the enforcement officer may destroy the cryptoasset only if the officer is a senior officer or is authorised to do so by a senior officer, and</p></content></level><level class="para1"><num>(b)</num><intro><p>the cryptoasset is not to be destroyed—</p></intro><level class="para2"><num>(i)</num><content><p>before the end of the period within which an appeal may be made (whether under section <ref href="#d28e45137">303Z47</ref> or otherwise), or</p></content></level><level class="para2"><num>(ii)</num><content><p>if an appeal is made within that period, before the appeal is determined or otherwise disposed of.</p></content></level></level></subsection><subsection><num>(7)</num><content><p>The question of whether the realisation of the cryptoasset would be contrary to the public interest is to be determined with particular reference to how likely it is that the entry of the cryptoasset into general circulation would facilitate criminal conduct by any person.</p></content></subsection></section><section eId="d28e45401"><num>303Z49</num><heading>Proceeds of realisation</heading><subsection><num>(1)</num><content><p>This section applies where any cryptoasset or other item of property is realised under section <ref href="#d28e45272">303Z48</ref>.</p></content></subsection><subsection><num>(2)</num><intro><p>The proceeds of the realisation must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, they must be applied in making any payment required to be made by virtue of section <ref href="#d28e44767">303Z45</ref><ref href="#d28e44917">(9)</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>second, they must be applied in making any payment of legal expenses which, after giving effect to section <ref href="#d28e43897">303Z41</ref><ref href="#d28e44015">(6)</ref> (including as applied by section <ref href="#d28e44767">303Z45</ref><ref href="#d28e44838">(5)</ref>), are payable under this subsection in pursuance of provision under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43991">(5)</ref> or, as the case may be, <ref href="#d28e44767">303Z45</ref><ref href="#d28e44819">(4)</ref>;</p></content></level><level class="para1" eId="d28e45458"><num>(c)</num><content><p>third, they must be applied in payment or reimbursement of any reasonable costs incurred in storing or insuring the property whilst detained under this Part and in realising the property;</p></content></level><level class="para1"><num>(d)</num><intro><p>fourth, they must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if the property was forfeited by a magistrates’ court or the High Court, into the Consolidated Fund;</p></content></level><level class="para2"><num>(ii)</num><content><p>if the property was forfeited by the sheriff or the Court of Session, into the Scottish Consolidated Fund.</p></content></level></level></subsection><subsection><num>(3)</num><content><p>If what is realised under section <ref href="#d28e45272">303Z48</ref> represents part only of an item of property, the reference in subsection <ref href="#d28e45458">(2)(c)</ref> to costs incurred in storing or insuring the property is to be read as a reference to costs incurred in storing or insuring the whole of the property.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Supplementary</heading><section><num>303Z50</num><heading>Victims and other owners: detained cryptoassets</heading><subsection eId="d28e45504"><num>(1)</num><content><p>A person who claims that any cryptoassets detained under this Part belong to the person may apply for some or all of the cryptoassets to be released.</p></content></subsection><subsection><num>(2)</num><intro><p>An application under subsection <ref href="#d28e45504">(1)</ref> is to be made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, to the sheriff.</p></content></level></subsection><subsection><num>(3)</num><content><p>The application may be made in the course of proceedings under section <ref href="#d28e42850">303Z32</ref> or <ref href="#d28e43897">303Z41</ref> or at any other time.</p></content></subsection><subsection><num>(4)</num><intro><p>The court or sheriff may order the cryptoassets to which the application relates to be released to the applicant if it appears to the court or sheriff that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the cryptoassets to which the application relates, or of property which they represent, by unlawful conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, recoverable property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the cryptoassets belong to the applicant.</p></content></level></subsection><subsection eId="d28e45567"><num>(5)</num><content><p>If subsection <ref href="#d28e45576">(6)</ref> applies, the court or sheriff may order the cryptoassets to which the application relates to be released to the applicant or to the person from whom they were seized.</p></content></subsection><subsection eId="d28e45576"><num>(6)</num><intro><p>This subsection applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the cryptoassets to which the application relates were seized,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the court or sheriff that those cryptoassets belong to the applicant,</p></content></level><level class="para1"><num>(c)</num><content><p>the court or sheriff is satisfied that the release condition is met in relation to those cryptoassets, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under subsection <ref href="#d28e45567">(5)</ref> has been made by the person from whom those cryptoassets were seized.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>if the conditions in Chapter 3C for the detention of the cryptoassets are no longer met, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to cryptoassets which are subject to an application for forfeiture under section <ref href="#d28e43897">303Z41</ref>, if the court or sheriff decides not to make an order under that section in relation to the cryptoassets.</p></content></level></subsection></section><section><num>303Z51</num><heading>Victims and other owners: crypto wallet freezing orders</heading><subsection eId="d28e45637"><num>(1)</num><content><p>A person who claims that any cryptoassets held in a crypto wallet in respect of which a crypto wallet freezing order has effect belong to the person may apply for some or all of the cryptoassets to be released.</p></content></subsection><subsection><num>(2)</num><intro><p>An application under subsection <ref href="#d28e45637">(1)</ref> is to be made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, to the sheriff.</p></content></level></subsection><subsection><num>(3)</num><content><p>The application may be made in the course of proceedings under section <ref href="#d28e43582">303Z37</ref> or <ref href="#d28e43897">303Z41</ref> or at any other time.</p></content></subsection><subsection eId="d28e45676"><num>(4)</num><intro><p>The court or sheriff may, subject to subsection (8), order the cryptoassets to which the application relates to be released to the applicant if it appears to the court or sheriff that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the cryptoassets to which the application relates, or of property which they represent, by unlawful conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, recoverable property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the cryptoassets belong to the applicant.</p></content></level></subsection><subsection eId="d28e45700"><num>(5)</num><content><p>If subsection <ref href="#d28e45709">(6)</ref> applies, the court or sheriff may, subject to subsection (8), order the cryptoassets to which the application relates to be released to the applicant.</p></content></subsection><subsection eId="d28e45709"><num>(6)</num><intro><p>This subsection applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the cryptoassets to which the application relates were seized,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the court or sheriff that those cryptoassets belong to the applicant,</p></content></level><level class="para1"><num>(c)</num><content><p>the court or sheriff is satisfied that the release condition is met in relation to those cryptoassets, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under subsection <ref href="#d28e45700">(5)</ref> has been made by the person from whom those cryptoassets were seized.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>if the conditions for the making of the crypto wallet freezing order are no longer met in relation to the cryptoassets to which the application relates, or</p></content></level><level class="para1" eId="d28e45754"><num>(b)</num><content><p>in relation to cryptoassets held in a crypto wallet subject to a crypto wallet freezing order which are subject to an application for forfeiture under section <ref href="#d28e43897">303Z41</ref>, if the court or sheriff decides not to make an order under that section in relation to the cryptoassets.</p></content></level></subsection><subsection><num>(8)</num><content><p>If an application under section 303Z41 is made for the forfeiture of the cryptoassets, the cryptoassets are not to be released under this section until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.</p></content></subsection><subsection><num>(9)</num><content><p>In relation to cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order, references in this section to a person from whom cryptoassets were seized include a reference to a person by or for whom the crypto wallet was administered immediately before the crypto wallet freezing order was made.</p></content></subsection></section><section eId="d28e45778"><num>303Z52</num><heading>Compensation</heading><subsection><num>(1)</num><content><p>This section applies if no order is made under section <ref href="#d28e43897">303Z41</ref>, <ref href="#d28e44502">303Z44</ref> or <ref href="#d28e44767">303Z45</ref> in respect of cryptoassets detained under this Part or held in a crypto wallet that is subject to a crypto wallet freezing order under section <ref href="#d28e43582">303Z37</ref>.</p></content></subsection><subsection><num>(2)</num><intro><p>Where this section applies, the following may make an application to the relevant court for compensation—</p></intro><level class="para1"><num>(a)</num><content><p>a person to whom the cryptoassets belong or from whom they were seized, or</p></content></level><level class="para1"><num>(b)</num><content><p>a person by or for whom a crypto wallet to which the crypto wallet freezing order applies is administered.</p></content></level></subsection><subsection><num>(3)</num><content><p>If the relevant court is satisfied that the applicant has suffered loss as a result of the detention of the cryptoassets or the making of the crypto wallet freezing order and that the circumstances are exceptional, the relevant court may order compensation to be paid to the applicant.</p></content></subsection><subsection><num>(4)</num><content><p>The amount of compensation to be paid is the amount the relevant court thinks reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subsection><subsection><num>(5)</num><content><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by an officer of Revenue and Customs, the compensation is to be paid by the Commissioners for His Majesty’s Revenue and Customs.</p></content></subsection><subsection><num>(6)</num><intro><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by a constable, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a constable of a police force in England and Wales, it is to be paid out of the police fund from which the expenses of the police force are met;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of a constable of the Police Service of Scotland, it is to be paid by the Scottish Police Authority;</p></content></level><level class="para1"><num>(c)</num><content><p>in the case of a police officer within the meaning of the Police (Northern Ireland) Act 2000, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland.</p></content></level></subsection><subsection><num>(7)</num><content><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by an SFO officer, the compensation is to be paid by the Director of the Serious Fraud Office.</p></content></subsection><subsection><num>(8)</num><content><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by a National Crime Agency officer, the compensation is to be paid by the National Crime Agency.</p></content></subsection><subsection eId="d28e45872"><num>(9)</num><intro><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by an accredited financial investigator who was not an officer of Revenue and Customs, a constable, an SFO officer or a National Crime Agency officer, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><intro><p>in the case of an investigator who was—</p></intro><level class="para2"><num>(i)</num><content><p>a member of the civilian staff of a police force (including the metropolitan police force), within the meaning of Part 1 of the Police Reform and Social Responsibility Act 2011, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a member of staff of the City of London police force,</p></content></level><wrapUp><p>it is to be paid out of the police fund from which the expenses of the police force are met,</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>in the case of an investigator who was a member of staff of the Police Service of Northern Ireland, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland,</p></content></level><level class="para1"><num>(c)</num><content><p>in the case of an investigator who was a member of staff of a department of the Government of the United Kingdom, it is to be paid by the Minister of the Crown in charge of the department or by the department,</p></content></level><level class="para1"><num>(d)</num><content><p>in the case of an investigator who was a member of staff of a Northern Ireland department, it is to be paid by the department,</p></content></level><level class="para1"><num>(e)</num><content><p>in the case of an investigator who was exercising a function of the Welsh Revenue Authority, it is to be paid by the Welsh Revenue Authority, and</p></content></level><level class="para1"><num>(f)</num><content><p>in any other case, it is to be paid by the employer of the investigator.</p></content></level></subsection><subsection eId="d28e45928"><num>(10)</num><content><p>The Secretary of State may by regulations amend subsection <ref href="#d28e45872">(9)</ref>.</p></content></subsection><subsection><num>(11)</num><intro><p>The power in subsection <ref href="#d28e45928">(10)</ref> is exercisable by the Department of Justice (and not by the Secretary of State) so far as it may be used to make provision that—</p></intro><level class="para1"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level><level class="para1"><num>(b)</num><content><p>would not, if contained in a Bill for an Act of the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State.</p></content></level></subsection><subsection><num>(12)</num><content><p>If an order under section <ref href="#d28e43582">303Z37</ref>, <ref href="#d28e43897">303Z41</ref>, <ref href="#d28e44502">303Z44</ref> or <ref href="#d28e44767">303Z45</ref> is made in respect of some of the cryptoassets detained or held, this section has effect in relation to the remainder.</p></content></subsection><subsection><num>(13)</num><intro><p>In this section “<term refersTo="#term-relevant-court">relevant court</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, a magistrates’ court, and</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, the sheriff.</p></content></level></subsection></section><section><num>303Z53</num><heading>Powers for prosecutors to appear in proceedings</heading><subsection eId="d28e46005"><num>(1)</num><intro><p>The Director of Public Prosecutions or the Director of Public Prosecutions for Northern Ireland may appear for a constable or an accredited financial investigator in proceedings under this Chapter if the Director—</p></intro><level class="para1"><num>(a)</num><content><p>is asked by, or on behalf of, a constable or (as the case may be) an accredited financial investigator to do so, and</p></content></level><level class="para1"><num>(b)</num><content><p>considers it appropriate to do so.</p></content></level></subsection><subsection eId="d28e46023"><num>(2)</num><intro><p>The Director of Public Prosecutions may appear for the Commissioners for His Majesty’s Revenue and Customs or an officer of Revenue and Customs in proceedings under this Chapter if the Director—</p></intro><level class="para1"><num>(a)</num><content><p>is asked by, or on behalf of, the Commissioners for His Majesty’s Revenue and Customs or (as the case may be) an officer of Revenue and Customs to do so, and</p></content></level><level class="para1"><num>(b)</num><content><p>considers it appropriate to do so.</p></content></level></subsection><subsection><num>(3)</num><content><p>The Directors may charge fees for the provision of services under this section.</p></content></subsection><subsection><num>(4)</num><content><p>The references in subsection <ref href="#d28e46005">(1)</ref> to an accredited financial investigator do not include an accredited financial investigator who is an officer of Revenue and Customs but the references in subsection <ref href="#d28e46023">(2)</ref> to an officer of Revenue and Customs do include an accredited financial investigator who is an officer of Revenue and Customs.</p></content></subsection></section></hcontainer></chapter><chapter><num>CHAPTER 3F</num><heading>Conversion of cryptoassets</heading><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Conversion</heading><section eId="d28e46070"><num>303Z54</num><heading>Detained cryptoassets: conversion</heading><subsection><num>(1)</num><content><p>Subsection <ref href="#d28e46089">(2)</ref> applies while any cryptoassets are detained in pursuance of an order under section <ref href="#d28e42730">303Z30</ref> or <ref href="#d28e42850">303Z32</ref> (including where cryptoassets are subject to forfeiture proceedings).</p></content></subsection><subsection eId="d28e46089"><num>(2)</num><content><p>A person within subsection <ref href="#d28e46098">(3)</ref> may apply to the relevant court for an order requiring all of the cryptoassets detained pursuant to the order to be converted into money.</p></content></subsection><subsection eId="d28e46098"><num>(3)</num><intro><p>The following persons are within this subsection—</p></intro><level class="para1"><num>(a)</num><content><p>an enforcement officer;</p></content></level><level class="para1"><num>(b)</num><content><p>a person from whom the cryptoassets were seized.</p></content></level></subsection><subsection><num>(4)</num><content><p>In deciding whether to make an order under this section, the court must have regard to whether the cryptoassets (as a whole) are likely to suffer a significant loss in value during the period before they are released or forfeited (including the period during which an appeal against an order for forfeiture may be made).</p></content></subsection><subsection><num>(5)</num><intro><p>Before making an order under this section the court must give an opportunity to be heard to—</p></intro><level class="para1"><num>(a)</num><content><p>the parties to the proceedings, and</p></content></level><level class="para1"><num>(b)</num><content><p>any other person who may be affected by its decision.</p></content></level></subsection><subsection eId="d28e46140"><num>(6)</num><content><p>As soon as practicable after an order is made under this section, an enforcement officer must convert the cryptoassets, or arrange for the cryptoassets to be converted, into money.</p></content></subsection><subsection><num>(7)</num><content><p>The conversion of cryptoassets under subsection <ref href="#d28e46140">(6)</ref> must be carried out, so far as practicable, in the manner best calculated to maximise the amount of money obtained for the cryptoassets.</p></content></subsection><subsection><num>(8)</num><content><p>At the first opportunity after the cryptoassets are converted, the enforcement officer must arrange for the amount of money obtained for the cryptoassets to be paid into an interest-bearing account and held there.</p></content></subsection><subsection><num>(9)</num><content><p>Interest accruing on the amount is to be added to it on its forfeiture or release.</p></content></subsection><subsection><num>(10)</num><intro><p>Where cryptoassets are converted into money in accordance with an order made under this section—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoassets are no longer to be treated as being detained in pursuance of an order under section <ref href="#d28e42730">303Z30</ref> or <ref href="#d28e42850">303Z32</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>any application made under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43922">(2)</ref> in relation to the cryptoassets which has not yet been determined or otherwise disposed of (including under section <ref href="#d28e44502">303Z44</ref> or <ref href="#d28e44767">303Z45</ref>) is to be treated as if it were an application made under section <ref href="#d28e47107">303Z60</ref><ref href="#d28e47123">(2)</ref> in relation to the converted cryptoassets.</p></content></level></subsection><subsection><num>(11)</num><content><p>An order made under this section must provide for notice to be given to persons affected by the order.</p></content></subsection><subsection><num>(12)</num><content><p>No appeal may be made against an order made under this section.</p></content></subsection></section><section eId="d28e46223"><num>303Z55</num><heading>Frozen crypto wallet: conversion</heading><subsection><num>(1)</num><content><p>This section applies while a crypto wallet freezing order under section <ref href="#d28e43582">303Z37</ref> has effect (including where cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order are subject to forfeiture proceedings).</p></content></subsection><subsection><num>(2)</num><content><p>A person within subsection <ref href="#d28e46245">(3)</ref> may apply to the relevant court for an order requiring all of the cryptoassets held in the crypto wallet to be converted into money.</p></content></subsection><subsection eId="d28e46245"><num>(3)</num><intro><p>The following persons are within this subsection—</p></intro><level class="para1"><num>(a)</num><content><p>an enforcement officer;</p></content></level><level class="para1"><num>(b)</num><content><p>a person by or for whom the crypto wallet is administered.</p></content></level></subsection><subsection><num>(4)</num><intro><p>In deciding whether to make an order under this section, the court must have regard to whether the cryptoassets (as a whole) are likely to suffer a significant loss in value during the period before—</p></intro><level class="para1"><num>(a)</num><content><p>the crypto wallet freezing order ceases to have effect, or</p></content></level><level class="para1"><num>(b)</num><content><p>the cryptoassets are forfeited (including the period during which an appeal against an order for forfeiture may be made).</p></content></level></subsection><subsection><num>(5)</num><intro><p>Before making an order under this section the court must give an opportunity to be heard to—</p></intro><level class="para1"><num>(a)</num><content><p>the parties to the proceedings, and</p></content></level><level class="para1"><num>(b)</num><content><p>any other person who may be affected by its decision.</p></content></level></subsection><subsection eId="d28e46299"><num>(6)</num><content><p>As soon as practicable after an order is made under this section, the UK-connected cryptoasset service provider that administers the crypto wallet must convert the cryptoassets, or arrange for the cryptoassets to be converted, into money.</p></content></subsection><subsection><num>(7)</num><content><p>The conversion of cryptoassets under subsection <ref href="#d28e46299">(6)</ref> must be carried out, so far as practicable, in the manner best calculated to maximise the amount of money obtained for the cryptoassets.</p></content></subsection><subsection><num>(8)</num><content><p>At the first opportunity after the cryptoassets are converted, the UK-connected cryptoasset service provider must arrange for the amount of money obtained for the cryptoassets to be paid into an interest-bearing account nominated by an enforcement officer and held there.</p></content></subsection><subsection><num>(9)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>the UK-connected cryptoasset service provider may deduct any reasonable expenses incurred by the provider in connection with the conversion of the cryptoassets, and</p></content></level><level class="para1"><num>(b)</num><content><p>the amount to be treated as the proceeds of the conversion of the cryptoassets is to be reduced accordingly.</p></content></level></subsection><subsection><num>(10)</num><content><p>Interest accruing on the amount obtained for the cryptoassets is to be added to it on its forfeiture or release.</p></content></subsection><subsection><num>(11)</num><intro><p>Where cryptoassets are converted in accordance with an order made under this section—</p></intro><level class="para1"><num>(a)</num><content><p>the crypto wallet freezing order ceases to have effect,</p></content></level><level class="para1" eId="d28e46356"><num>(b)</num><content><p>any application made under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43922">(2)</ref> in relation to the cryptoassets which has not yet been determined or otherwise disposed of (including under section <ref href="#d28e44502">303Z44</ref> or <ref href="#d28e44767">303Z45</ref>) is to be treated as if it were an application made under section <ref href="#d28e47107">303Z60</ref><ref href="#d28e47123">(2)</ref> in relation to the converted cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><content><p>any application made under section <ref href="#d28e45028">303Z46</ref><ref href="#d28e45077">(2)</ref> in relation to the crypto wallet which has not yet been determined or otherwise disposed of may not be proceeded with.</p></content></level></subsection><subsection><num>(12)</num><content><p>An order made under this section must provide for notice to be given to persons affected by the order.</p></content></subsection><subsection><num>(13)</num><content><p>No appeal may be made against an order made under this section.</p></content></subsection></section><section><num>303Z56</num><heading>Conversion: existing forfeiture proceedings</heading><subsection eId="d28e46409"><num>(1)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets are forfeited under section <ref href="#d28e43897">303Z41</ref> or <ref href="#d28e44767">303Z45</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>before the cryptoassets are realised or destroyed in accordance with section <ref href="#d28e45272">303Z48</ref>, an order is made under section <ref href="#d28e46070">303Z54</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>section <ref href="#d28e47270">303Z62</ref><ref href="#d28e47274">(1)</ref> applies in relation to the converted cryptoassets as if they had been detained under section <ref href="#d28e46618">303Z57</ref> and forfeited under section <ref href="#d28e47107">303Z60</ref> (and accordingly section <ref href="#d28e45272">303Z48</ref> ceases to apply).</p></wrapUp></subsection><subsection eId="d28e46455"><num>(2)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets are forfeited under section <ref href="#d28e43897">303Z41</ref> or <ref href="#d28e44767">303Z45</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>before the cryptoassets are realised or destroyed in accordance with section <ref href="#d28e45272">303Z48</ref>, an order is made under section <ref href="#d28e46223">303Z55</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>section <ref href="#d28e47270">303Z62</ref><ref href="#d28e47332">(2)</ref> applies in relation to the converted cryptoassets as if they had been detained under section <ref href="#d28e46805">303Z58</ref> and forfeited under section <ref href="#d28e47107">303Z60</ref> (and accordingly section <ref href="#d28e45272">303Z48</ref> ceases to apply).</p></wrapUp></subsection><subsection><num>(3)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>an appeal may be made under section <ref href="#d28e45137">303Z47</ref><ref href="#d28e45141">(1)</ref> or <ref href="#d28e45210">(2)</ref> in relation to the determination of an application under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43922">(2)</ref> for the forfeiture of cryptoassets (including where section <ref href="#d28e44502">303Z44</ref> or <ref href="#d28e44767">303Z45</ref> applies), and</p></content></level><level class="para1"><num>(b)</num><content><p>an order is made under section <ref href="#d28e46070">303Z54</ref> or <ref href="#d28e46223">303Z55</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>the appeal may instead be made under section <ref href="#d28e47215">303Z61</ref> (within the time allowed by section <ref href="#d28e45137">303Z47</ref><ref href="#d28e45251">(4)</ref>) as if it were an appeal against the determination of an application under section <ref href="#d28e47107">303Z60</ref>.</p></wrapUp></subsection><subsection><num>(4)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>an appeal is made under section <ref href="#d28e45137">303Z47</ref><ref href="#d28e45141">(1)</ref> or <ref href="#d28e45210">(2)</ref> in relation to the determination of an application under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43922">(2)</ref> for the forfeiture of cryptoassets (including where section <ref href="#d28e44502">303Z44</ref> or <ref href="#d28e44767">303Z45</ref> applies), and</p></content></level><level class="para1"><num>(b)</num><content><p>before the appeal is determined or otherwise disposed of, an order is made under section <ref href="#d28e46070">303Z54</ref> or <ref href="#d28e46223">303Z55</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>the appeal is to be treated as if it had been made under section <ref href="#d28e47215">303Z61</ref><ref href="#d28e47219">(1)</ref> in relation to the determination of an application under section <ref href="#d28e47107">303Z60</ref> for the forfeiture of the converted cryptoassets.</p></wrapUp></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Detention</heading><section eId="d28e46618"><num>303Z57</num><heading>Detained cryptoassets: detention of proceeds of conversion</heading><subsection eId="d28e46622"><num>(1)</num><content><p>This section applies where cryptoassets are converted into money in accordance with an order under section <ref href="#d28e46070">303Z54</ref>.</p></content></subsection><subsection eId="d28e46631"><num>(2)</num><content><p>The proceeds of the conversion (the “converted cryptoassets”) may be detained initially until the end of the period that the cryptoassets could, immediately before the conversion, have been detained under Chapter 3C (ignoring the possibility of any extension of that period).</p></content></subsection><subsection eId="d28e46637"><num>(3)</num><content><p>The period for which the converted cryptoassets may be detained may be extended by an order made by the relevant court.</p></content></subsection><subsection eId="d28e46643"><num>(4)</num><content><p>An order under subsection <ref href="#d28e46637">(3)</ref> may not authorise the detention of the converted cryptoassets beyond the end of the period of 2 years beginning with the relevant date; but this is subject to subsection <ref href="#d28e46655">(5)</ref>.</p></content></subsection><subsection eId="d28e46655"><num>(5)</num><content><p>The relevant court may make an order for the period of 2 years in subsection <ref href="#d28e46643">(4)</ref> to be extended to a period of up to 3 years beginning with the relevant date.</p></content></subsection><subsection><num>(6)</num><content><p>In subsections <ref href="#d28e46643">(4)</ref> and <ref href="#d28e46655">(5)</ref> “<term refersTo="#term-the-relevant-date">the relevant date</term>” means the date on which the first order under section <ref href="#d28e42730">303Z30</ref> or <ref href="#d28e42850">303Z32</ref> (as the case may be) was made in relation to the cryptoassets.</p></content></subsection><subsection><num>(7)</num><intro><p>An application for an order under subsection <ref href="#d28e46637">(3)</ref> or <ref href="#d28e46655">(5)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><intro><p>in relation to England and Wales and Northern Ireland, by—</p></intro><level class="para2"><num>(i)</num><content><p>the Commissioners for His Majesty’s Revenue and Customs,</p></content></level><level class="para2"><num>(ii)</num><content><p>a constable,</p></content></level><level class="para2"><num>(iii)</num><content><p>an SFO officer, or</p></content></level><level class="para2"><num>(iv)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453, and</p></content></level></level><level class="para1" eId="d28e46727"><num>(b)</num><content><p>in relation to Scotland, by the Scottish Ministers in connection with their functions under section <ref href="#d28e43897">303Z41</ref> or by a procurator fiscal.</p></content></level></subsection><subsection eId="d28e46736"><num>(8)</num><intro><p>The relevant court may make an order under subsection <ref href="#d28e46637">(3)</ref> only if satisfied that there are reasonable grounds for suspecting that the converted cryptoassets to be further detained—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection eId="d28e46757"><num>(9)</num><content><p>The relevant court may make an order under subsection <ref href="#d28e46655">(5)</ref> only if satisfied that a request for assistance is outstanding in relation to the cryptoassets mentioned in subsection <ref href="#d28e46622">(1)</ref>.</p></content></subsection><subsection><num>(10)</num><intro><p>A “request for assistance” in subsection <ref href="#d28e46757">(9)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the cryptoassets, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an enforcement officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Part, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A (evidence overseas).</p></content></level></subsection></section><section eId="d28e46805"><num>303Z58</num><heading>Frozen crypto wallets: detention of proceeds of conversion</heading><subsection eId="d28e46809"><num>(1)</num><content><p>This section applies where cryptoassets held in a crypto wallet subject to a crypto wallet freezing order are converted into money in accordance with an order under section <ref href="#d28e46223">303Z55</ref>.</p></content></subsection><subsection eId="d28e46818"><num>(2)</num><content><p>The proceeds of the conversion (the “converted cryptoassets”) may be detained initially until the end of the period that the crypto wallet freezing order was, immediately before the conversion, due to have effect under Chapter 3D (ignoring the possibility of any extension of that period).</p></content></subsection><subsection eId="d28e46824"><num>(3)</num><content><p>The period for which the converted cryptoassets may be detained may be extended by an order made by the relevant court.</p></content></subsection><subsection eId="d28e46830"><num>(4)</num><content><p>An order under subsection <ref href="#d28e46824">(3)</ref> may not authorise the detention of the converted cryptoassets beyond the end of the period of 2 years beginning with the day on which the crypto wallet freezing order was made; but this is subject to subsection <ref href="#d28e46655">(5)</ref>.</p></content></subsection><subsection eId="d28e46842"><num>(5)</num><content><p>The relevant court may make an order for the period of 2 years in subsection <ref href="#d28e46830">(4)</ref> to be extended to a period of up to 3 years beginning with the day on which the crypto wallet freezing order was made.</p></content></subsection><subsection><num>(6)</num><intro><p>An application for an order under subsection <ref href="#d28e46824">(3)</ref> or <ref href="#d28e46842">(5)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><intro><p>in relation to England and Wales and Northern Ireland, by—</p></intro><level class="para2"><num>(i)</num><content><p>the Commissioners for His Majesty’s Revenue and Customs,</p></content></level><level class="para2"><num>(ii)</num><content><p>a constable,</p></content></level><level class="para2"><num>(iii)</num><content><p>an SFO officer, or</p></content></level><level class="para2"><num>(iv)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453, and</p></content></level></level><level class="para1" eId="d28e46893"><num>(b)</num><content><p>in relation to Scotland, by the Scottish Ministers in connection with their functions under section <ref href="#d28e43897">303Z41</ref> or by a procurator fiscal.</p></content></level></subsection><subsection eId="d28e46902"><num>(7)</num><intro><p>The relevant court may make an order under subsection <ref href="#d28e46824">(3)</ref> only if satisfied that there are reasonable grounds for suspecting that the converted cryptoassets to be further detained—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection eId="d28e46923"><num>(8)</num><content><p>The relevant court may make an order under subsection <ref href="#d28e46842">(5)</ref> only if satisfied that a request for assistance is outstanding in relation to the cryptoassets mentioned in subsection <ref href="#d28e46622">(1)</ref>.</p></content></subsection><subsection><num>(9)</num><intro><p>A “request for assistance” in subsection <ref href="#d28e46923">(8)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the cryptoassets, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an enforcement officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Part, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A (evidence overseas).</p></content></level></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Release</heading><section><num>303Z59</num><heading>Release of detained converted cryptoassets</heading><subsection><num>(1)</num><content><p>This section applies while any converted cryptoassets are detained under section <ref href="#d28e46618">303Z57</ref> or <ref href="#d28e46805">303Z58</ref>.</p></content></subsection><subsection eId="d28e46990"><num>(2)</num><content><p>The relevant court may direct the release of the whole or any part of the converted cryptoassets if the following condition is met.</p></content></subsection><subsection eId="d28e46996"><num>(3)</num><intro><p>The condition is that, on an application by the relevant person, the court is not satisfied that there are reasonable grounds for suspecting that the converted cryptoassets to be released—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection eId="d28e47014"><num>(4)</num><intro><p>In subsection <ref href="#d28e46996">(3)</ref> “<term refersTo="#term-the-relevant-person">the relevant person</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of converted cryptoassets detained under section <ref href="#d28e46618">303Z57</ref>, the person from whom the cryptoassets mentioned in subsection <ref href="#d28e46622">(1)</ref> of that section were seized, and</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of converted cryptoassets detained under section <ref href="#d28e46805">303Z58</ref>, any person affected by the crypto wallet freezing order mentioned in subsection <ref href="#d28e46809">(1)</ref> of that section.</p></content></level></subsection><subsection eId="d28e47050"><num>(5)</num><content><p>A person within subsection <ref href="#d28e47059">(6)</ref> may, after notifying the magistrates’ court or sheriff under whose order converted cryptoassets are being detained, release the whole or any part of the converted cryptoassets if satisfied that the detention is no longer justified.</p></content></subsection><subsection eId="d28e47059"><num>(6)</num><intro><p>The following persons are within this subsection—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales or Northern Ireland, an enforcement officer;</p></content></level><level class="para1"><num>(b)</num><intro><p>in relation to Scotland—</p></intro><level class="para2"><num>(i)</num><content><p>the Scottish Ministers,</p></content></level><level class="para2"><num>(ii)</num><content><p>an officer of Revenue and Customs,</p></content></level><level class="para2"><num>(iii)</num><content><p>a constable, and</p></content></level><level class="para2"><num>(iv)</num><content><p>a procurator fiscal.</p></content></level></level></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Forfeiture</heading><section eId="d28e47107"><num>303Z60</num><heading>Forfeiture order</heading><subsection><num>(1)</num><content><p>This section applies while any converted cryptoassets are detained under section <ref href="#d28e46618">303Z57</ref> or <ref href="#d28e46805">303Z58</ref>.</p></content></subsection><subsection eId="d28e47123"><num>(2)</num><intro><p>An application for the forfeiture of some or all of the converted cryptoassets may be made—</p></intro><level class="para1" eId="d28e47129"><num>(a)</num><content><p>to a magistrates’ court by a person within subsection <ref href="#d28e47144">(3)</ref>, or</p></content></level><level class="para1"><num>(b)</num><content><p>to the sheriff by the Scottish Ministers.</p></content></level></subsection><subsection eId="d28e47144"><num>(3)</num><intro><p>The following persons are within this subsection—</p></intro><level class="para1"><num>(a)</num><content><p>the Commissioners for His Majesty’s Revenue and Customs,</p></content></level><level class="para1"><num>(b)</num><content><p>a constable,</p></content></level><level class="para1"><num>(c)</num><content><p>an SFO officer, and</p></content></level><level class="para1"><num>(d)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453.</p></content></level></subsection><subsection><num>(4)</num><intro><p>The court or sheriff may order the forfeiture of some or all of the converted cryptoassets if satisfied that the converted cryptoassets to be forfeited—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection><num>(5)</num><content><p>But in the case of recoverable property which belongs to joint tenants, one of whom is an excepted joint owner, the order may not apply to so much of it as the court thinks is attributable to the excepted joint owner’s share.</p></content></subsection><subsection><num>(6)</num><content><p>Where an application for forfeiture is made under this section, the converted cryptoassets are to continue to be detained under section <ref href="#d28e46618">303Z57</ref> or <ref href="#d28e46805">303Z58</ref> (and may not be released under any power conferred by this Chapter) until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.</p></content></subsection></section><section eId="d28e47215"><num>303Z61</num><heading>Appeal against decision under section <ref href="#d28e47107">303Z60</ref></heading><subsection eId="d28e47219"><num>(1)</num><intro><p>Any party to proceedings for an order for the forfeiture of converted cryptoassets under section <ref href="#d28e47107">303Z60</ref> who is aggrieved by an order under that section or by the decision of the court not to make such an order may appeal—</p></intro><level class="para1"><num>(a)</num><content><p>from an order or decision of a magistrates’ court in England and Wales, to the Crown Court;</p></content></level><level class="para1"><num>(b)</num><content><p>from an order or decision of the sheriff, to the Sheriff Appeal Court;</p></content></level><level class="para1"><num>(c)</num><content><p>from an order or decision of a magistrates’ court in Northern Ireland, to a county court.</p></content></level></subsection><subsection><num>(2)</num><content><p>An appeal under subsection <ref href="#d28e47219">(1)</ref> must be made before the end of the period of 30 days starting with the day on which the court makes the order or decision.</p></content></subsection><subsection><num>(3)</num><content><p>The court hearing the appeal may make any order it thinks appropriate.</p></content></subsection><subsection><num>(4)</num><content><p>If the court upholds an appeal against an order forfeiting the converted cryptoassets, it may order the release of some or all of the converted cryptoassets.</p></content></subsection></section><section eId="d28e47270"><num>303Z62</num><heading>Application of forfeited converted cryptoassets</heading><subsection eId="d28e47274"><num>(1)</num><intro><p>Converted cryptoassets detained under section <ref href="#d28e46618">303Z57</ref> and forfeited under section <ref href="#d28e47107">303Z60</ref>, and any accrued interest on them, must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, they must be applied in making any payment of reasonable expenses incurred by an enforcement officer in connection with the safe storage of the cryptoassets mentioned in section <ref href="#d28e46618">303Z57</ref><ref href="#d28e46622">(1)</ref> during the period the cryptoassets were detained under Chapter 3C;</p></content></level><level class="para1"><num>(b)</num><content><p>second, they must be applied in making any payment of reasonable expenses incurred by an enforcement officer in connection with the conversion of those cryptoassets under section <ref href="#d28e46070">303Z54</ref><ref href="#d28e46140">(6)</ref>;</p></content></level><level class="para1"><num>(c)</num><content><p>third, they must be applied in making any payment of reasonable expenses incurred by an enforcement officer in connection with the detention of the converted cryptoassets under this Chapter;</p></content></level><level class="para1"><num>(d)</num><intro><p>fourth, they must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if forfeited by a magistrates’ court in England and Wales or Northern Ireland, into the Consolidated Fund, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if forfeited by the sheriff, into the Scottish Consolidated Fund.</p></content></level></level></subsection><subsection eId="d28e47332"><num>(2)</num><intro><p>Converted cryptoassets detained under section <ref href="#d28e46805">303Z58</ref> and forfeited under section <ref href="#d28e47107">303Z60</ref>, and any accrued interest on them, must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, they must be applied in making any payment of reasonable expenses incurred by an enforcement officer in connection with the detention of the converted cryptoassets under this Chapter;</p></content></level><level class="para1"><num>(b)</num><intro><p>second, they must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if forfeited by a magistrates’ court in England and Wales or Northern Ireland, into the Consolidated Fund, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if forfeited by the sheriff, into the Scottish Consolidated Fund.</p></content></level></level></subsection><subsection eId="d28e47368"><num>(3)</num><intro><p>But converted cryptoassets are not to be applied or paid under subsection <ref href="#d28e47219">(1)</ref> or <ref href="#d28e47332">(2)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>before the end of the period within which an appeal under section <ref href="#d28e47215">303Z61</ref> may be made, or</p></content></level><level class="para1"><num>(b)</num><content><p>if a person appeals under that section, before the appeal is determined or otherwise disposed of.</p></content></level></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Supplementary</heading><section><num>303Z63</num><heading>Victims and other owners</heading><subsection><num>(1)</num><content><p>This section applies where converted cryptoassets are detained under this Chapter.</p></content></subsection><subsection><num>(2)</num><intro><p>Where this section applies, a person (“<term refersTo="#term-p">P</term>”) who claims that the relevant cryptoassets belonged to P immediately before—</p></intro><level class="para1"><num>(a)</num><content><p>the relevant cryptoassets were seized, or</p></content></level><level class="para1" eId="d28e47426"><num>(b)</num><content><p>the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held,</p></content></level><wrapUp><p>may apply to the relevant court for some or all of the converted cryptoassets to be released to P.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>The application may be made in the course of proceedings under section <ref href="#d28e46618">303Z57</ref>, <ref href="#d28e46805">303Z58</ref> or <ref href="#d28e47107">303Z60</ref> or at any other time.</p></content></subsection><subsection><num>(4)</num><content><p>The relevant court may order the converted cryptoassets to which the application relates to be released to the applicant if it appears to the relevant court that the condition in subsection <ref href="#d28e47458">(5)</ref> is met.</p></content></subsection><subsection eId="d28e47458"><num>(5)</num><intro><p>The condition in this subsection is that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the relevant cryptoassets, or of property which they represent, by unlawful conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the relevant cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, recoverable property, and</p></content></level><level class="para1"><num>(c)</num><intro><p>the relevant cryptoassets belonged to the applicant immediately before—</p></intro><level class="para2"><num>(i)</num><content><p>the relevant cryptoassets were seized, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held.</p></content></level></level></subsection><subsection eId="d28e47494"><num>(6)</num><content><p>If subsection <ref href="#d28e47503">(7)</ref> applies, the relevant court may order the converted cryptoassets to which the application relates to be released to the applicant or to the person from whom the relevant cryptoassets were seized.</p></content></subsection><subsection eId="d28e47503"><num>(7)</num><intro><p>This subsection applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the relevant cryptoassets were seized,</p></content></level><level class="para1"><num>(b)</num><intro><p>it appears to the relevant court that the relevant cryptoassets belonged to the applicant immediately before—</p></intro><level class="para2"><num>(i)</num><content><p>the relevant cryptoassets were seized, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held,</p></content></level></level><level class="para1"><num>(c)</num><content><p>the relevant court is satisfied that the release condition is met in relation to the converted cryptoassets, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under subsection <ref href="#d28e47494">(6)</ref> has been made by the person from whom the relevant cryptoassets were seized.</p></content></level></subsection><subsection><num>(8)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>if the conditions in this Chapter for the detention of the converted cryptoassets are no longer met, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to converted cryptoassets which are subject to an application for forfeiture under section <ref href="#d28e47107">303Z60</ref>, if the court or sheriff decides not to make an order under that section in relation to the converted cryptoassets.</p></content></level></subsection><subsection><num>(9)</num><content><p>Where subsection <ref href="#d28e47426">(2)(b)</ref> applies, references in this section to a person from whom relevant cryptoassets were seized include a reference to a person by or for whom the crypto wallet mentioned in that provision was administered immediately before the crypto wallet freezing order was made in relation to the crypto wallet.</p></content></subsection><subsection><num>(10)</num><intro><p>In this section “<term refersTo="#term-the-relevant-cryptoassets">the relevant cryptoassets</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to converted cryptoassets detained under section <ref href="#d28e46618">303Z57</ref>, some or all of the cryptoassets mentioned in subsection <ref href="#d28e46622">(1)</ref> of that section, and</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to converted cryptoassets detained under section <ref href="#d28e46805">303Z58</ref>, some or all of the cryptoassets mentioned in subsection <ref href="#d28e46809">(1)</ref> of that section.</p></content></level></subsection></section><section eId="d28e47614"><num>303Z64</num><heading>Compensation</heading><subsection><num>(1)</num><content><p>This section applies if no order is made under section <ref href="#d28e47107">303Z60</ref> in respect of converted cryptoassets detained under this Chapter.</p></content></subsection><subsection><num>(2)</num><intro><p>Where this section applies, the following may make an application to the relevant court for compensation—</p></intro><level class="para1"><num>(a)</num><content><p>a person to whom the relevant cryptoassets belonged immediately before they were seized;</p></content></level><level class="para1"><num>(b)</num><content><p>a person from whom the relevant cryptoassets were seized;</p></content></level><level class="para1"><num>(c)</num><content><p>a person by or for whom the crypto wallet mentioned in section <ref href="#d28e46805">303Z58</ref><ref href="#d28e46809">(1)</ref> was administered immediately before the crypto wallet freezing order was made in relation to the crypto wallet.</p></content></level></subsection><subsection><num>(3)</num><intro><p>If the relevant court is satisfied that—</p></intro><level class="para1"><num>(a)</num><intro><p>the applicant has suffered loss as a result of—</p></intro><level class="para2"><num>(i)</num><content><p>the conversion of the relevant cryptoassets into money, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the detention of the converted cryptoassets, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>the circumstances are exceptional,</p></content></level><wrapUp><p>the relevant court may order compensation to be paid to the applicant.</p></wrapUp></subsection><subsection><num>(4)</num><content><p>The amount of compensation to be paid is the amount the relevant court thinks reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subsection><subsection><num>(5)</num><content><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by an officer of Revenue and Customs, the compensation is to be paid by the Commissioners for His Majesty’s Revenue and Customs.</p></content></subsection><subsection><num>(6)</num><intro><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by a constable, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a constable of a police force in England and Wales, it is to be paid out of the police fund from which the expenses of the police force are met;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of a constable of the Police Service of Scotland, it is to be paid by the Scottish Police Authority;</p></content></level><level class="para1"><num>(c)</num><content><p>in the case of a police officer within the meaning of the Police (Northern Ireland) Act 2000, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland.</p></content></level></subsection><subsection><num>(7)</num><content><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by an SFO officer, the compensation is to be paid by the Director of the Serious Fraud Office.</p></content></subsection><subsection><num>(8)</num><content><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by a National Crime Agency officer, the compensation is to be paid by the National Crime Agency.</p></content></subsection><subsection eId="d28e47736"><num>(9)</num><intro><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by an accredited financial investigator who was not an officer of Revenue and Customs, a constable, an SFO officer or a National Crime Agency officer, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><intro><p>in the case of an investigator who was—</p></intro><level class="para2"><num>(i)</num><content><p>a member of the civilian staff of a police force (including the metropolitan police force), within the meaning of Part 1 of the Police Reform and Social Responsibility Act 2011, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a member of staff of the City of London police force,</p></content></level><wrapUp><p>it is to be paid out of the police fund from which the expenses of the police force are met,</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>in the case of an investigator who was a member of staff of the Police Service of Northern Ireland, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland,</p></content></level><level class="para1"><num>(c)</num><content><p>in the case of an investigator who was a member of staff of a department of the Government of the United Kingdom, it is to be paid by the Minister of the Crown in charge of the department or by the department,</p></content></level><level class="para1"><num>(d)</num><content><p>in the case of an investigator who was a member of staff of a Northern Ireland department, it is to be paid by the department,</p></content></level><level class="para1"><num>(e)</num><content><p>in the case of an investigator who was exercising a function of the Welsh Revenue Authority, it is to be paid by the Welsh Revenue Authority, and</p></content></level><level class="para1"><num>(f)</num><content><p>in any other case, it is to be paid by the employer of the investigator.</p></content></level></subsection><subsection eId="d28e47792"><num>(10)</num><content><p>The Secretary of State may by regulations amend subsection <ref href="#d28e47736">(9)</ref>.</p></content></subsection><subsection><num>(11)</num><intro><p>The power in subsection <ref href="#d28e47792">(10)</ref> is exercisable by the Department of Justice (and not by the Secretary of State) so far as it may be used to make provision that—</p></intro><level class="para1"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level><level class="para1"><num>(b)</num><content><p>would not, if contained in a Bill for an Act of the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State.</p></content></level></subsection><subsection><num>(12)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-the-relevant-cryptoassets">the relevant cryptoassets</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to converted cryptoassets detained under section <ref href="#d28e46618">303Z57</ref>, the cryptoassets mentioned in subsection <ref href="#d28e46622">(1)</ref> of that section;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to converted cryptoassets detained under section <ref href="#d28e46805">303Z58</ref>, the cryptoassets mentioned in subsection <ref href="#d28e46809">(1)</ref> of that section;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-relevant-crypto-wallet-freezing-order">the relevant crypto wallet freezing order</term>”, in relation to converted cryptoassets detained under section <ref href="#d28e46805">303Z58</ref>, means the crypto wallet freezing order mentioned in subsection <ref href="#d28e46809">(1)</ref> of that section.</p></content></hcontainer></subsection></section><section><num>303Z65</num><heading>Powers for prosecutors to appear in proceedings</heading><subsection eId="d28e47878"><num>(1)</num><intro><p>The Director of Public Prosecutions or the Director of Public Prosecutions for Northern Ireland may appear for a constable or an accredited financial investigator in proceedings under this Chapter if the Director—</p></intro><level class="para1"><num>(a)</num><content><p>is asked by, or on behalf of, a constable or (as the case may be) an accredited financial investigator to do so, and</p></content></level><level class="para1"><num>(b)</num><content><p>considers it appropriate to do so.</p></content></level></subsection><subsection eId="d28e47896"><num>(2)</num><intro><p>The Director of Public Prosecutions may appear for the Commissioners for His Majesty’s Revenue and Customs or an officer of Revenue and Customs in proceedings under this Chapter if the Director—</p></intro><level class="para1"><num>(a)</num><content><p>is asked by, or on behalf of, the Commissioners for His Majesty’s Revenue and Customs or (as the case may be) an officer of Revenue and Customs to do so, and</p></content></level><level class="para1"><num>(b)</num><content><p>considers it appropriate to do so.</p></content></level></subsection><subsection><num>(3)</num><content><p>The Directors may charge fees for the provision of services under this section.</p></content></subsection><subsection><num>(4)</num><content><p>The references in subsection <ref href="#d28e47878">(1)</ref> to an accredited financial investigator do not include an accredited financial investigator who is an officer of Revenue and Customs but the references in subsection <ref href="#d28e47896">(2)</ref> to an officer of Revenue and Customs do include an accredited financial investigator who is an officer of Revenue and Customs.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Interpretation</heading><section><num>303Z66</num><heading>Interpretation</heading><subsection><num>(1)</num><intro><p>In this Chapter—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-converted-cryptoassets">converted cryptoassets</term>” is to be read in accordance with sections <ref href="#d28e46618">303Z57</ref> and <ref href="#d28e46805">303Z58</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet-freezing-order">crypto wallet freezing order</term>” has the same meaning as in Chapter 3D (see section <ref href="#d28e43379">303Z36</ref>);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-enforcement-officer">enforcement officer</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-relevant-court">relevant court</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, a magistrates’ court, and</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, the sheriff;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-financial-institution">relevant financial institution</term>” has the meaning given by section 303Z1(6);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-uk-connected-cryptoasset-service-provider">UK-connected cryptoasset service provider</term>” has the meaning given by section <ref href="#d28e43379">303Z36</ref>.</p></content></hcontainer></subsection><subsection><num>(2)</num><content><p>Section <ref href="#d28e43379">303Z36</ref><ref href="#d28e43443">(4)(b)</ref> applies in relation to this Chapter as it applies in relation to Chapter 3D.</p></content></subsection><subsection><num>(3)</num><intro><p>In this Chapter references to the conversion of cryptoassets into money are references to the conversion of cryptoassets into—</p></intro><level class="para1"><num>(a)</num><content><p>cash, or</p></content></level><level class="para1"><num>(b)</num><content><p>money held in an account maintained with a relevant financial institution.</p></content></level></subsection></section></hcontainer></chapter></quotedStructure></mod></p></content></paragraph></part><part eId="schedule-9-part-2"><num>PART 2</num><heading>Consequential and other amendments</heading><hcontainer name="crossheading" class="schGroup7" eId="d28e48049"><heading>Amendments to the Proceeds of Crime Act 2002</heading><paragraph eId="schedule-9-paragraph-2" class="schProv1"><num>2</num><content><p><mod>In section 2C(3A) of the Proceeds of Crime Act 2002 (prosecuting authorities), for “or 303Z19” substitute <quotedText>“, 303Z19, 303Z53 or 303Z65”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-9-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-9-paragraph-3-1"><num>(1)</num><content><p>Part 2 of the Proceeds of Crime Act 2002 (confiscation: England and Wales) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-3-2"><num>(2)</num><intro><p>In section 7 (recoverable amount)—</p></intro><level class="para1" eId="schedule-9-paragraph-3-2-a"><num>(a)</num><content><p><mod>in subsection (4)(c), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-3-2-b"><num>(b)</num><content><p><mod>in subsection (4)(d), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-3-3"><num>(3)</num><intro><p>In section 82 (free property)—</p></intro><level class="para1" eId="schedule-9-paragraph-3-3-a"><num>(a)</num><intro><p>in subsection (2)—</p></intro><level class="para2" eId="schedule-9-paragraph-3-3-a-i"><num>(i)</num><content><p><mod>in paragraph (ea), for “or 10Z2(3)” substitute <quotedText>“, 10Z2(3), 10Z7AG(1), 10Z7BB(2), 10Z7CA(3), 10Z7CE(3) or 10Z7DG(3)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-3-3-a-ii"><num>(ii)</num><content><p><mod>in paragraph (f), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z32(1), 303Z37(2), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level></level><level class="para1" eId="schedule-9-paragraph-3-3-b"><num>(b)</num><intro><p>in subsection (3)—</p></intro><level class="para2" eId="schedule-9-paragraph-3-3-b-i"><num>(i)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>it is detained under section 303Z30, 303Z31 or 303Z32 in a case where section 303Z42(2) applies;</p></content></level><level class="para1"><num>(bb)</num><content><p>it is detained under section 303Z57 or 303Z58 in a case where section 303Z60(6) applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-3-3-b-ii"><num>(ii)</num><content><p><mod>in paragraph (c), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-3-3-b-iii"><num>(iii)</num><content><p><mod>after paragraph (e) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ea)</num><content><p>it is detained under paragraph 10Z7AE, 10Z7AF or 10Z7AG of that Schedule in a case where paragraph 10Z7CB(2) of that Schedule applies;</p></content></level><level class="para1"><num>(eb)</num><content><p>it is detained under paragraph 10Z7DD or 10Z7DE of that Schedule in a case where paragraph 10Z7DG(5) of that Schedule applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-3-3-b-iv"><num>(iv)</num><content><p><mod>in paragraph (f), after “10I(1)” insert <quotedText>“or 10Z7CD(1)”</quotedText>.</mod></p></content></level></level></subparagraph></paragraph><paragraph eId="schedule-9-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-9-paragraph-4-1"><num>(1)</num><content><p>Part 3 of the Proceeds of Crime Act 2002 (confiscation: Scotland) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-4-2"><num>(2)</num><intro><p>In section 93 (recoverable amount)—</p></intro><level class="para1" eId="schedule-9-paragraph-4-2-a"><num>(a)</num><content><p><mod>in subsection (4)(c), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-4-2-b"><num>(b)</num><content><p><mod>in subsection (4)(d), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-4-3"><num>(3)</num><intro><p>In section 148 (free property)—</p></intro><level class="para1" eId="schedule-9-paragraph-4-3-a"><num>(a)</num><intro><p>in subsection (2)—</p></intro><level class="para2" eId="schedule-9-paragraph-4-3-a-i"><num>(i)</num><content><p><mod>in paragraph (ea), for “or 10Z2(3)” substitute <quotedText>“, 10Z2(3), 10Z7AG(1), 10Z7BB(2), 10Z7CA(3), 10Z7CE(3) or 10Z7DG(3)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-4-3-a-ii"><num>(ii)</num><content><p><mod>in paragraph (f), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z32(1), 303Z37(2), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level></level><level class="para1" eId="schedule-9-paragraph-4-3-b"><num>(b)</num><intro><p>in subsection (3)—</p></intro><level class="para2" eId="schedule-9-paragraph-4-3-b-i"><num>(i)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>it is detained under section 303Z30, 303Z31 or 303Z32 in a case where section 303Z42(2) applies;</p></content></level><level class="para1"><num>(bb)</num><content><p>it is detained under section 303Z57 or 303Z58 in a case where section 303Z60(6) applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-4-3-b-ii"><num>(ii)</num><content><p><mod>in paragraph (c), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-4-3-b-iii"><num>(iii)</num><content><p><mod>after paragraph (e) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ea)</num><content><p>it is detained under paragraph 10Z7AE, 10Z7AF or 10Z7AG of that Schedule in a case where paragraph 10Z7CB(2) of that Schedule applies;</p></content></level><level class="para1"><num>(eb)</num><content><p>it is detained under paragraph 10Z7DD or 10Z7DE of that Schedule in a case where paragraph 10Z7DG(5) of that Schedule applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-4-3-b-iv"><num>(iv)</num><content><p><mod>in paragraph (f), after “10I(1)” insert <quotedText>“or 10Z7CD(1)”</quotedText>.</mod></p></content></level></level></subparagraph></paragraph><paragraph eId="schedule-9-paragraph-5" class="schProv1"><num>5</num><subparagraph eId="schedule-9-paragraph-5-1"><num>(1)</num><content><p>Part 4 of the Proceeds of Crime Act 2002 (confiscation: Northern Ireland) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-5-2"><num>(2)</num><intro><p>In section 157 (recoverable amount)—</p></intro><level class="para1" eId="schedule-9-paragraph-5-2-a"><num>(a)</num><content><p><mod>in subsection (4)(c), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-5-2-b"><num>(b)</num><content><p><mod>in subsection (4)(d), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-5-3"><num>(3)</num><intro><p>In section 230 (free property)—</p></intro><level class="para1" eId="schedule-9-paragraph-5-3-a"><num>(a)</num><intro><p>in subsection (2)—</p></intro><level class="para2" eId="schedule-9-paragraph-5-3-a-i"><num>(i)</num><content><p><mod>in paragraph (ea), for “or 10Z2(3)” substitute <quotedText>“, 10Z2(3), 10Z7AG(1), 10Z7BB(2), 10Z7CA(3), 10Z7CE(3) or 10Z7DG(3)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-5-3-a-ii"><num>(ii)</num><content><p><mod>in paragraph (f), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z32(1), 303Z37(2), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level></level><level class="para1" eId="schedule-9-paragraph-5-3-b"><num>(b)</num><intro><p>in subsection (3)—</p></intro><level class="para2" eId="schedule-9-paragraph-5-3-b-i"><num>(i)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>it is detained under section 303Z30, 303Z31 or 303Z32 in a case where section 303Z42(2) applies;</p></content></level><level class="para1"><num>(bb)</num><content><p>it is detained under section 303Z57 or 303Z58 in a case where section 303Z60(6) applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-5-3-b-ii"><num>(ii)</num><content><p><mod>in paragraph (c), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-5-3-b-iii"><num>(iii)</num><content><p><mod>after paragraph (e) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ea)</num><content><p>it is detained under paragraph 10Z7AE, 10Z7AF or 10Z7AG of that Schedule in a case where paragraph 10Z7CB(2) of that Schedule applies;</p></content></level><level class="para1"><num>(eb)</num><content><p>it is detained under paragraph 10Z7DD or 10Z7DE of that Schedule in a case where paragraph 10Z7DG(5) of that Schedule applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-5-3-b-iv"><num>(iv)</num><content><p><mod>in paragraph (f), after “10I(1)” insert <quotedText>“or 10Z7CD(1)”</quotedText>.</mod></p></content></level></level></subparagraph></paragraph><paragraph eId="schedule-9-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="schedule-9-paragraph-6-1"><num>(1)</num><content><p>Part 5 of the Proceeds of Crime Act 2002 (civil recovery of the proceeds etc of unlawful conduct) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-6-2"><num>(2)</num><intro><p>In section 278 (limit on recovery)—</p></intro><level class="para1" eId="schedule-9-paragraph-6-2-a"><num>(a)</num><content><p><mod>in subsection (7)(a), for “or 303Z14” substitute <quotedText>“, 303Z14, 303Z41, 303Z45 or 303Z60”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-6-2-b"><num>(b)</num><content><p><mod>after subsection (7A) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7B)</num><intro><p>If—</p></intro><level class="para1"><num>(a)</num><content><p>an order is made under section 303Z44 instead of an order being made under section 303Z41 for the forfeiture of recoverable property, and</p></content></level><level class="para1"><num>(b)</num><content><p>the enforcement authority subsequently seeks a recovery order in respect of related property,</p></content></level><wrapUp><p>the order under section 303Z44 is to be treated for the purposes of this section as if it were a recovery order obtained by the enforcement authority in respect of the property that was the forfeitable property in relation to the order under section 303Z44.</p></wrapUp></subsection></quotedStructure></mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-6-3"><num>(3)</num><intro><p>In section 290 (prior approval - cash), in subsection (6A)—</p></intro><level class="para1" eId="schedule-9-paragraph-6-3-a"><num>(a)</num><content><p><mod>after “section 303J” insert <quotedText>“, <ref href="#d28e42350">303Z26</ref> or <ref href="#d28e42699">303Z29</ref>”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-6-3-b"><num>(b)</num><content><p><mod>after “section 303K(5)” insert <quotedText>“, <ref href="#d28e42440">303Z27</ref><ref href="#d28e42467">(3)</ref> or (as the case may be) <ref href="#d28e42775">303Z31</ref><ref href="#d28e42802">(3)</ref>”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-6-4"><num>(4)</num><intro><p>In section 303E (prior approval - listed assets), in subsection (7)—</p></intro><level class="para1" eId="schedule-9-paragraph-6-4-a"><num>(a)</num><content><p><mod>after “section 294” insert <quotedText>“or property by virtue of section <ref href="#d28e42350">303Z26</ref> or <ref href="#d28e42699">303Z29</ref>”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-6-4-b"><num>(b)</num><content><p><mod>after “cash”, in the second place it occurs, insert <quotedText>“or property”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-6-4-c"><num>(c)</num><content><p><mod>after “section 295(1B)” insert <quotedText>“, <ref href="#d28e42440">303Z27</ref><ref href="#d28e42467">(3)</ref> or (as the case may be) <ref href="#d28e42775">303Z31</ref><ref href="#d28e42802">(3)</ref>”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-6-5"><num>(5)</num><content><p><mod>Before section 303Z18 (but after the italic heading “Supplementary”) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>303Z17A</num><heading>Victims and other owners</heading><subsection eId="d28e48626"><num>(1)</num><content><p>A person who claims that money in respect of which an account freezing order has effect belongs to them may apply for the money to be released.</p></content></subsection><subsection><num>(2)</num><intro><p>An application under subsection <ref href="#d28e48626">(1)</ref> is to be made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, to the sheriff.</p></content></level></subsection><subsection><num>(3)</num><content><p>The application may be made in the course of proceedings under section 303Z3 or 303Z14 or at any other time.</p></content></subsection><subsection><num>(4)</num><intro><p>The court or sheriff may, subject to subsection (8), order the money to which the application relates to be released to the applicant if it appears to the court or sheriff that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the money to which the application relates, or of property which it represents, by unlawful conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the money the applicant was deprived of was not, immediately before the applicant was deprived of it, recoverable property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the money belongs to the applicant.</p></content></level></subsection><subsection eId="d28e48683"><num>(5)</num><content><p>If subsection <ref href="#d28e48692">(6)</ref> applies, the court or sheriff may, subject to subsection (8), order the money to which the application relates to be released to the applicant.</p></content></subsection><subsection eId="d28e48692"><num>(6)</num><intro><p>This subsection applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the money to which the application relates was seized,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the court or sheriff that the money belongs to the applicant,</p></content></level><level class="para1"><num>(c)</num><content><p>the court or sheriff is satisfied that the release condition is met in relation to the money, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under subsection <ref href="#d28e48683">(5)</ref> has been made by the person from whom the money was seized.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to money held in a frozen account, if the conditions for making an order under section 303Z3 in relation to the money are no longer met, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to money held in a frozen account which is subject to an application for forfeiture under section 303Z14, if the court or sheriff decides not to make an order under that section in relation to the money.</p></content></level></subsection><subsection><num>(8)</num><intro><p>Money is not to be released under this section—</p></intro><level class="para1"><num>(a)</num><content><p>if an account forfeiture notice under section 303Z9 is given in respect of the money, until any proceedings in pursuance of the notice (including any proceedings on appeal) are concluded;</p></content></level><level class="para1"><num>(b)</num><content><p>if an application for its forfeiture under section 303Z14 is made, until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.</p></content></level></subsection><subsection><num>(9)</num><content><p>In relation to money held in an account that is subject to an account freezing order, references in this section to a person from whom money was seized include a reference to a person by or for whom the account was operated immediately before the account freezing order was made.</p></content></subsection></section></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-6-6"><num>(6)</num><content><p><mod>After section 311 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Chapters 3C to 3F: supplementary</heading><section><num>311A</num><heading>Financial investigators</heading><subsection><num>(1)</num><intro><p>This section applies where an accredited financial investigator of a particular description—</p></intro><level class="para1"><num>(a)</num><content><p>applies for an order under section 303Z28, 303Z32, 303Z57 or 303Z58 (further detention of cryptoassets etc),</p></content></level><level class="para1"><num>(b)</num><content><p>applies for forfeiture under section 303Z41 or 303Z60 (forfeiture of cryptoassets etc), or</p></content></level><level class="para1"><num>(c)</num><content><p>brings an appeal under, or relating to, Chapter 3E or 3F (cryptoassets etc).</p></content></level></subsection><subsection><num>(2)</num><content><p>Any subsequent step in the application or appeal, or any further application or appeal relating to the same matter, may be taken, made or brought by a different accredited financial investigator of the same description.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-6-7"><num>(7)</num><intro><p>In section 312(2) (performance of functions by Scottish Ministers)—</p></intro><level class="para1" eId="schedule-9-paragraph-6-7-a"><num>(a)</num><content><p><mod>in paragraph (c), for “271(3) and (4)” substitute <quotedText>“271”</quotedText>, and</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-6-7-b"><num>(b)</num><content><p><mod>after paragraph (p) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(q)</num><content><p>section <ref href="#d28e41664">303Z20</ref><ref href="#d28e41730">(3)</ref> (cryptoassets);</p></content></level><level class="para1"><num>(r)</num><content><p>section <ref href="#d28e42289">303Z25</ref> (codes of practice);</p></content></level><level class="para1"><num>(s)</num><content><p>section 303Z28(5)(b) (further detention of seized cryptoasset-related items);</p></content></level><level class="para1"><num>(t)</num><content><p>section 303Z32(5)(b) (further detention of seized cryptoassets);</p></content></level><level class="para1"><num>(u)</num><content><p>section 303Z34(4) and (5)(b)(i) (release of cryptoassets and cryptoasset-related items);</p></content></level><level class="para1"><num>(v)</num><content><p>section <ref href="#d28e43247">303Z35</ref><ref href="#d28e43364">(5)</ref> (crypto wallets);</p></content></level><level class="para1"><num>(w)</num><content><p>section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43937">(2)(b)</ref> (forfeiture of cryptoassets);</p></content></level><level class="para1"><num>(x)</num><content><p>section <ref href="#d28e44140">303Z42</ref><ref href="#d28e44284">(10)</ref> (forfeiture of cryptoassets: supplementary);</p></content></level><level class="para1"><num>(y)</num><content><p>section 303Z44 (agreements about associated and joint property);</p></content></level><level class="para1"><num>(z)</num><content><p>section 303Z45(10) (associated and joint property: default of agreement);</p></content></level><level class="para1"><num>z1</num><content><p>section 303Z46(2) (continuation of crypto wallet freezing order pending appeal);</p></content></level><level class="para1"><num>z2</num><content><p>section 303Z47(1) (sections 303Z41 to 303Z45: appeals);</p></content></level><level class="para1"><num>z3</num><content><p>section <ref href="#d28e46618">303Z57</ref><ref href="#d28e46727">(7)(b)</ref> (detained cryptoassets: detention of proceeds of conversion);</p></content></level><level class="para1"><num>z4</num><content><p>section <ref href="#d28e46805">303Z58</ref><ref href="#d28e46893">(6)(b)</ref> (frozen crypto wallets: detention of proceeds of conversion);</p></content></level><level class="para1"><num>z5</num><content><p>section <ref href="#d28e47107">303Z60</ref><ref href="#d28e47123">(2)</ref> (forfeiture of converted cryptoassets);</p></content></level><level class="para1"><num>z6</num><content><p>section 303Z61(1) (appeal against decision under section 303Z60).</p></content></level></quotedStructure></mod></p></content></level></subparagraph></paragraph><paragraph eId="schedule-9-paragraph-7" class="schProv1"><num>7</num><intro><p>In section 316(1) (general interpretation)—</p></intro><level class="para1" eId="schedule-9-paragraph-7-a"><num>(a)</num><content><p><mod>in the definition of “the court”, for “and 3B” substitute <quotedText>“, 3B, 3C, 3D, 3E and 3F”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-7-b"><num>(b)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet">crypto wallet</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-justice-of-the-peace">justice of the peace</term>”, in relation to Northern Ireland, means lay magistrate;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></paragraph><paragraph eId="schedule-9-paragraph-8" class="schProv1"><num>8</num><subparagraph eId="schedule-9-paragraph-8-1"><num>(1)</num><content><p>Part 8 of the Proceeds of Crime Act 2002 (investigations) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-2"><num>(2)</num><content><p><mod>In section 341 (investigations), after subsection (3C) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3D)</num><intro><p>For the purposes of this Part a cryptoasset investigation is an investigation for the purposes of Chapter 3C, 3D, 3E or 3F of Part 5 and includes investigation into—</p></intro><level class="para1"><num>(a)</num><content><p>the derivation of cryptoassets detained under Chapter 3C (including where the cryptoassets have been converted into money in accordance with Chapter 3F),</p></content></level><level class="para1"><num>(b)</num><content><p>whether cryptoassets or converted cryptoassets detained under Chapter 3C or 3F are intended by any person to be used in unlawful conduct,</p></content></level><level class="para1"><num>(c)</num><content><p>the derivation of cryptoassets held in a crypto wallet in relation to which a crypto wallet freezing order made under section <ref href="#d28e43582">303Z37</ref> has effect (including where the cryptoassets have been converted into money in accordance with Chapter 3F), or</p></content></level><level class="para1"><num>(d)</num><content><p>whether cryptoassets held in such a wallet are intended by any person to be used in unlawful conduct.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-3"><num>(3)</num><content><p><mod>In section 342 (offences of prejudicing investigation), in subsection (1) after “frozen funds investigation” insert <quotedText>“, a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-4"><num>(4)</num><content><p><mod>In section 343 (judges), in subsection (2) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-5"><num>(5)</num><content><p><mod>In section 344 (courts), in paragraph (a) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-6"><num>(6)</num><content><p><mod>In section 345 (production orders), in subsection (2)(b) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-7"><num>(7)</num><content><p><mod>In section 346 (requirements for making of production order), in subsection (2), after paragraph (bf) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bg)</num><content><p>in the case of a cryptoasset investigation into the derivation of cryptoassets, the cryptoassets the application for the order specifies as being subject to the investigation (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are recoverable property;</p></content></level><level class="para1"><num>(bh)</num><content><p>in the case of a cryptoasset investigation into the intended use of cryptoassets, the cryptoassets the application for the order specifies as being subject to the investigation (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are intended by any person to be used in unlawful conduct.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-8"><num>(8)</num><content><p><mod>In section 350 (Government departments), in subsection (5)(a) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-9"><num>(9)</num><content><p><mod>In section 352 (search and seizure warrants), in subsection (2)(b) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-10"><num>(10)</num><content><p><mod>In section 353 (requirements where production order not available), in subsection (2), after paragraph (bf) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bg)</num><content><p>in the case of a cryptoasset investigation into the derivation of cryptoassets, the cryptoassets specfied in the application for the warrant (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are recoverable property;</p></content></level><level class="para1"><num>(bh)</num><content><p>in the case of a cryptoasset investigation into the intended use of cryptoassets, the cryptoassets specified in the application for the warrant (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are intended by any person to be used in unlawful conduct.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-11"><num>(11)</num><intro><p>Section 355 (further provisions) is amended as follows—</p></intro><level class="para1" eId="schedule-9-paragraph-8-11-a"><num>(a)</num><content><p><mod>in the heading, for “and frozen funds” substitute <quotedText>“, frozen funds and cryptoasset”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-11-b"><num>(b)</num><content><p><mod>in subsection (1)(a), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-12"><num>(12)</num><content><p><mod>In section 357 (disclosure orders), in subsection (2) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-13"><num>(13)</num><content><p><mod>In section 363 (customer information orders), in subsection (1A) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-14"><num>(14)</num><content><p><mod>In section 370 (account monitoring orders), in subsection (1A) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-15"><num>(15)</num><intro><p>Section 375A (evidence overseas) is amended as follows—</p></intro><level class="para1" eId="schedule-9-paragraph-8-15-a"><num>(a)</num><content><p><mod>in subsection (1), after “frozen funds investigation” insert <quotedText>“, a cryptoasset investigation”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-15-b"><num>(b)</num><content><p><mod>in subsection (5), after paragraph (bb) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bc)</num><content><p>in relation to an application or request made for the purposes of a cryptoasset investigation, evidence as to a matter described in section 341(3D)(a) to (d);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-16"><num>(16)</num><content><p><mod>In section 375B (evidence overseas: restrictions on use), in subsection (3), after paragraph (bb) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bc)</num><content><p>if the request was made for the purposes of a cryptoasset investigation, proceedings under Chapter 3C, 3D, 3E or 3F of Part 5 of this Act arising out of the investigation;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-17"><num>(17)</num><content><p><mod>In section 378 (officers), after subsection (3F) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3G)</num><intro><p>In relation to a cryptoasset investigation these are appropriate officers—</p></intro><level class="para1"><num>(a)</num><content><p>a constable;</p></content></level><level class="para1"><num>(b)</num><content><p>an SFO officer;</p></content></level><level class="para1"><num>(c)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this paragraph by the Secretary of State or the Welsh Ministers under section 453;</p></content></level><level class="para1"><num>(d)</num><content><p>an officer of Revenue and Customs.</p></content></level></subsection><subsection><num>(3H)</num><intro><p>In relation to a cryptoasset investigation these are senior appropriate officers—</p></intro><level class="para1"><num>(a)</num><content><p>a police officer who is not below the rank of inspector;</p></content></level><level class="para1"><num>(b)</num><content><p>the Director of the Serious Fraud Office;</p></content></level><level class="para1"><num>(c)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this paragraph by the Secretary of State or the Welsh Ministers under section 453;</p></content></level><level class="para1"><num>(d)</num><content><p>an officer of Revenue and Customs who is not below such grade as is designated by the Commissioners for His Majesty’s Revenue and Customs as equivalent to the police rank of inspector.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-18"><num>(18)</num><intro><p>In section 380 (production orders)—</p></intro><level class="para1" eId="schedule-9-paragraph-8-18-a"><num>(a)</num><content><p><mod>in subsection (2), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-18-b"><num>(b)</num><content><p><mod>in subsection (3)(b), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-19"><num>(19)</num><content><p><mod>In section 381 (requirements for making of production order), in subsection (2), after paragraph (bf) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bg)</num><content><p>in the case of a cryptoasset investigation into the derivation of cryptoassets, the cryptoassets the application for the order specifies as being subject to the investigation (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are recoverable property;</p></content></level><level class="para1"><num>(bh)</num><content><p>in the case of a cryptoasset investigation into the intended use of cryptoassets, the cryptoassets the application for the order specifies as being subject to the investigation (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are intended by any person to be used in unlawful conduct.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-20"><num>(20)</num><content><p><mod>In section 385 (Government departments), in subsection (4)(b) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-21"><num>(21)</num><content><p><mod>In section 386 (production orders: supplementary), in subsection (3)(b), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-22"><num>(22)</num><content><p><mod>In section 387 (search warrants), in subsection (3)(b) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-23"><num>(23)</num><content><p><mod>In section 388 (requirements where production order not available), in subsection (2), after paragraph (bf) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bg)</num><content><p>in the case of a cryptoasset investigation into the derivation of cryptoassets, the cryptoassets specfied in the application for the warrant (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are recoverable property;</p></content></level><level class="para1"><num>(bh)</num><content><p>in the case of a cryptoasset investigation into the intended use of cryptoassets, the cryptoassets specified in the application for the warrant (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are intended by any person to be used in unlawful conduct.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-24"><num>(24)</num><intro><p>Section 390 (further provisions) is amended as follows—</p></intro><level class="para1" eId="schedule-9-paragraph-8-24-a"><num>(a)</num><content><p><mod>in the heading, for “and money laundering” substitute <quotedText>“, money laundering and cryptoasset”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-24-b"><num>(b)</num><content><p><mod>in subsection (1), for “or money laundering investigations” substitute <quotedText>“, money laundering investigations or cryptoasset investigations”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-24-c"><num>(c)</num><content><p><mod>in subsections (5), (6) and (7), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-25"><num>(25)</num><content><p><mod>In section 391 (disclosure orders), in subsection (2) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-26"><num>(26)</num><content><p><mod>In section 397 (customer information orders), in subsection (1A) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-27"><num>(27)</num><content><p><mod>In section 404 (account monitoring orders), in subsection (1A) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-28"><num>(28)</num><intro><p>Section 408A (evidence overseas) is amended as follows—</p></intro><level class="para1" eId="schedule-9-paragraph-8-28-a"><num>(a)</num><content><p><mod>in subsection (1), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-28-b"><num>(b)</num><content><p><mod>in subsection (5), after paragraph (d) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>in relation to an application or request made for the purposes of a cryptoasset investigation, evidence as to a matter described in section 341(3D)(a) to (d);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-29"><num>(29)</num><content><p><mod>In section 408B (evidence overseas: restrictions on use) in subsection (3), after paragraph (d) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>if the request was made for the purposes of a cryptoasset investigation, proceedings under Chapter 3C, 3D, 3E or 3F of Part 5 of this Act arising out of the investigation;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-30"><num>(30)</num><intro><p>In section 412 (interpretation)—</p></intro><level class="para1" eId="schedule-9-paragraph-8-30-a"><num>(a)</num><content><p><mod>in the definition of “appropriate person”, in paragraph (b), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-30-b"><num>(b)</num><content><p><mod>in the definition of “proper person”, in paragraph (b), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-31"><num>(31)</num><content><p><mod>In section 416 (other interpretative provisions), in subsection (1), after the entry for “confiscation investigation” insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>cryptoasset investigation: section 341(3D)</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-9-paragraph-9" class="schProv1"><num>9</num><content><p><mod>In section 438 of the Proceeds of Crime Act 2002 (disclosure of information by certain authorities), in subsection (1)(f), for “or 3B” substitute <quotedText>“, 3B, 3C, 3D, 3E or 3F”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-9-paragraph-10" class="schProv1"><num>10</num><intro><p>In section 441 of the Proceeds of Crime Act 2002 (disclosure of information by Lord Advocate and by Scottish Ministers)—</p></intro><level class="para1" eId="schedule-9-paragraph-10-a"><num>(a)</num><content><p><mod>in subsection (1), for “or 3A” substitute <quotedText>“, 3A, 3C or 3F”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-10-b"><num>(b)</num><content><p><mod>in subsection (2)(g), for “or 3B” substitute <quotedText>“, 3B, 3C, 3D, 3E or 3F”</quotedText>.</mod></p></content></level></paragraph><paragraph eId="schedule-9-paragraph-11" class="schProv1"><num>11</num><content><p><mod>In section 450 of the Proceeds of Crime Act 2002 (pseudonyms: Scotland), in subsection (1)(a), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-9-paragraph-12" class="schProv1"><num>12</num><content><p><mod>In section 453A of the Proceeds of Crime Act 2002 (certain offences in relation to financial investigators), in subsection (5), at the end of paragraph (dc) (before the “or”) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(dd)</num><content><p>section 303Z21 (powers to search for cryptoasset-related items);</p></content></level><level class="para1"><num>(de)</num><content><p>section 303Z26 (powers to seize cryptoasset-related items);</p></content></level><level class="para1"><num>(df)</num><content><p>section 303Z27 (powers to detain cryptoasset-related items);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph><paragraph eId="schedule-9-paragraph-13" class="schProv1"><num>13</num><content><p><mod>In section 453B of the Proceeds of Crime Act 2002 (certain offences in relation to SFO officers), in subsection (5), after paragraph (g) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ga)</num><content><p>section 303Z21 (powers to search for cryptoasset-related items);</p></content></level><level class="para1"><num>(gb)</num><content><p>section 303Z26 (powers to seize cryptoasset-related items);</p></content></level><level class="para1"><num>(gc)</num><content><p>section 303Z27 (powers to detain cryptoasset-related items);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph><paragraph eId="schedule-9-paragraph-14" class="schProv1"><num>14</num><content><p><mod>In section 453C of the Proceeds of Crime Act 2002 (obstruction offence in relation to immigration officers), in subsection (3), after paragraph (g) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ga)</num><content><p>section 303Z21 (powers to search for cryptoasset-related items) as applied by section 24 of the UK Borders Act 2007 (exercise of civil recovery powers by immigration officers);</p></content></level><level class="para1"><num>(gb)</num><content><p>section 303Z26 as so applied (powers to seize cryptoasset-related items);</p></content></level><level class="para1"><num>(gc)</num><content><p>section 303Z27 as so applied (powers to detain cryptoasset-related items);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph><paragraph eId="schedule-9-paragraph-15" class="schProv1"><num>15</num><subparagraph eId="schedule-9-paragraph-15-1"><num>(1)</num><content><p>Section 459 of the Proceeds of Crime Act 2002 (orders and regulations) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-15-2"><num>(2)</num><content><p><mod>In subsection (4)(aza) (exceptions to negative procedure), for “or 303Z18(10)” substitute <quotedText>“, 303Z18(10), <ref href="#d28e41664">303Z20</ref><ref href="#d28e41724">(2)</ref>, <ref href="#d28e43247">303Z35</ref><ref href="#d28e43358">(4)</ref>, <ref href="#d28e44140">303Z42</ref><ref href="#d28e44242">(7)</ref>, <ref href="#d28e45778">303Z52</ref><ref href="#d28e45928">(10)</ref> or <ref href="#d28e47614">303Z64</ref><ref href="#d28e47792">(10)</ref>”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-15-3"><num>(3)</num><content><p><mod>In subsection (6ZB) (application of affirmative procedure), for “or 303Z18(10)” substitute <quotedText>“, 303Z18(10), <ref href="#d28e41664">303Z20</ref><ref href="#d28e41724">(2)</ref>, <ref href="#d28e43247">303Z35</ref><ref href="#d28e43358">(4)</ref>, <ref href="#d28e44140">303Z42</ref><ref href="#d28e44242">(7)</ref>, <ref href="#d28e45778">303Z52</ref><ref href="#d28e45928">(10)</ref> or <ref href="#d28e47614">303Z64</ref><ref href="#d28e47792">(10)</ref>”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-15-4"><num>(4)</num><content><p><mod>In subsection (6A) (hybrid instruments), for “or 303Z18(10)” substitute <quotedText>“, 303Z18(10), <ref href="#d28e45778">303Z52</ref><ref href="#d28e45928">(10)</ref> or <ref href="#d28e47614">303Z64</ref><ref href="#d28e47792">(10)</ref>”</quotedText>.</mod></p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e49829"><heading>Amendments to the Civil Jurisdiction and Judgments Act 1982</heading><paragraph eId="schedule-9-paragraph-16" class="schProv1"><num>16</num><subparagraph eId="schedule-9-paragraph-16-1"><num>(1)</num><content><p>Section 18 of the Civil Jurisdiction and Judgments Act 1982 (enforcement of UK judgments in other parts of UK) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-16-2"><num>(2)</num><content><p><mod>In subsection (2)(g), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-16-3"><num>(3)</num><intro><p>In subsection (4ZB)—</p></intro><level class="para1" eId="schedule-9-paragraph-16-3-a"><num>(a)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>a crypto wallet freezing order made under section 303Z37 of that Act;</p></content></level><level class="para1"><num>(bb)</num><content><p>an order for the forfeiture of cryptoassets made under section 303Z41 or 303Z45 of that Act;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="schedule-9-paragraph-16-3-b"><num>(b)</num><content><p><mod>after paragraph (d) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(da)</num><content><p>a crypto wallet freezing order made under paragraph 10Z7BB of that Schedule;</p></content></level><level class="para1"><num>(db)</num><content><p>an order for the forfeiture of cryptoassets made under paragraph 10Z7CA or 10Z7CE of that Schedule.</p></content></level></quotedStructure></mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-16-4"><num>(4)</num><intro><p>In subsection (5)(d)(i)—</p></intro><level class="para1" eId="schedule-9-paragraph-16-4-a"><num>(a)</num><content><p><mod>after “(a)” insert <quotedText>“, (ba)”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-16-4-b"><num>(b)</num><content><p><mod>for “or (c)” substitute <quotedText>“, (c) or (da)”</quotedText>.</mod></p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e49925"><heading>Amendments to the UK Borders Act 2007</heading><paragraph eId="schedule-9-paragraph-17" class="schProv1"><num>17</num><subparagraph eId="schedule-9-paragraph-17-1"><num>(1)</num><content><p>Section 24 of the UK Borders Act 2007 (exercise of civil recovery powers by immigration officers) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-2"><num>(2)</num><content><p><mod>In subsection (1), for “3B” substitute <quotedText>“3F”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-3"><num>(3)</num><content><p><mod>In subsection (2)(a), for “Chapter 3B” substitute <quotedText>“Chapters 3B to 3F”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-4"><num>(4)</num><content><p><mod>In subsection (2)(c), after “303Z2(4))” insert <quotedText>“, Chapter 3C (see section 303Z20(4)), Chapter 3D (see section 303Z36(8)) and Chapter 3E (see section 303Z41(9))”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-5"><num>(5)</num><content><p><mod>In subsection (2)(d), after “303G” insert <quotedText>“(including as section 303G is applied by section 303Z25)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-6"><num>(6)</num><content><p><mod>In subsection (2)(e), after “303I” insert <quotedText>“(including as sections 303H and 303I are applied by section 303Z25)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-7"><num>(7)</num><intro><p>In subsection (2)(f)—</p></intro><level class="para1" eId="schedule-9-paragraph-17-7-a"><num>(a)</num><content><p><mod>in the opening words, for “or 303L(1)” substitute <quotedText>“, 303L(1), 303Z28(1) or (4), 303Z32(1) or (4) or 303Z57(3) or (5)”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-17-7-b"><num>(b)</num><content><p><mod>in sub-paragraph (ii), for “or (as the case may be) 303O” substitute <quotedText>“, 303O, 303Z41 or (as the case may be) 303Z60”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-17-8"><num>(8)</num><content><p><mod>In subsection (2)(g), for “or 303Z14” substitute <quotedText>“, 303Z14, 303Z41 or 303Z60”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-9"><num>(9)</num><content><p><mod>In subsection (2)(h), for “or 303Z18” substitute <quotedText>“, 303Z18, 303Z52 or 303Z64”</quotedText>.</mod></p></content></subparagraph></paragraph></hcontainer></part></hcontainer>
<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-9-part-1"><num>PART 1</num><heading>Amendments of Part 5 of the Proceeds of Crime Act 2002</heading><paragraph eId="schedule-9-paragraph-1" class="schProv1"><num>1</num><content><p><mod>In Part 5 of the Proceeds of Crime Act 2002 (civil recovery of the proceeds etc of unlawful conduct), after section 303Z19 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><chapter eId="d28e41653"><num>CHAPTER 3C</num><heading>Recovery of cryptoassets: searches, seizure and detention</heading><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Definitions</heading><section eId="d28e41664"><num>303Z20</num><heading>Definitions</heading><subsection><num>(1)</num><intro><p>In this Part—</p></intro><level class="para1"><num>(a)</num><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically;</p></content></level><level class="para1"><num>(b)</num><intro><p>“<term refersTo="#term-crypto-wallet">crypto wallet</term>” means—</p></intro><level class="para2" eId="d28e41692"><num>(i)</num><content><p>software,</p></content></level><level class="para2"><num>(ii)</num><content><p>hardware,</p></content></level><level class="para2" eId="d28e41704"><num>(iii)</num><content><p>a physical item, or</p></content></level><level class="para2"><num>(iv)</num><content><p>any combination of the things mentioned in sub-paragraphs <ref href="#d28e41692">(i)</ref> to <ref href="#d28e41704">(iii)</ref>,</p></content></level><wrapUp><p>which is used to store the cryptographic private key that allows cryptoassets to be accessed.</p></wrapUp></level></subsection><subsection eId="d28e41724"><num>(2)</num><content><p>The Secretary of State may by regulations amend the definitions of “cryptoasset” and “crypto wallet” in this section.</p></content></subsection><subsection eId="d28e41730"><num>(3)</num><content><p>The Secretary of State must consult the Scottish Ministers and the Department of Justice before making regulations under subsection <ref href="#d28e41724">(2)</ref>.</p></content></subsection><subsection><num>(4)</num><intro><p>In this Chapter—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-enforcement-officer">enforcement officer</term>” means—</p></intro><level class="para2"><num>(i)</num><content><p>an officer of Revenue and Customs,</p></content></level><level class="para2"><num>(ii)</num><content><p>a constable,</p></content></level><level class="para2"><num>(iii)</num><content><p>an SFO officer, or</p></content></level><level class="para2"><num>(iv)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>“<term refersTo="#term-senior-officer">senior officer</term>” means—</p></intro><level class="para2"><num>(i)</num><content><p>an officer of Revenue and Customs of a rank designated by the Commissioners for His Majesty’s Revenue and Customs as equivalent to that of a senior police officer of at least the rank of inspector,</p></content></level><level class="para2"><num>(ii)</num><content><p>a senior police officer of at least the rank of inspector,</p></content></level><level class="para2"><num>(iii)</num><content><p>the Director of the Serious Fraud Office,</p></content></level><level class="para2"><num>(iv)</num><content><p>the Director General of the National Crime Agency or any other National Crime Agency officer authorised by the Director General (whether generally or specifically) for this purpose, or</p></content></level><level class="para2"><num>(v)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453.</p></content></level></level></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Searches</heading><section eId="d28e41823"><num>303Z21</num><heading>Searches</heading><subsection eId="d28e41827"><num>(1)</num><intro><p>If an enforcement officer—</p></intro><level class="para1"><num>(a)</num><content><p>is lawfully on any premises, and</p></content></level><level class="para1"><num>(b)</num><content><p>has reasonable grounds for suspecting that there is on the premises a cryptoasset-related item,</p></content></level><wrapUp><p>the enforcement officer may search for the cryptoasset-related item there.</p></wrapUp></subsection><subsection eId="d28e41847"><num>(2)</num><intro><p>For the purposes of this Chapter, a “cryptoasset-related item” is an item of property that is, or that contains or gives access to information that is, likely to assist in the seizure under this Part of cryptoassets that—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection><num>(3)</num><intro><p>The powers conferred by subsection <ref href="#d28e41937">(6)</ref> are exercisable by an enforcement officer if—</p></intro><level class="para1"><num>(a)</num><content><p>the enforcement officer has reasonable grounds for suspecting that there is a cryptoasset-related item in a vehicle,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the officer that the vehicle is under the control of a person (the suspect) who is in or in the vicinity of the vehicle, and</p></content></level><level class="para1" eId="d28e41886"><num>(c)</num><content><p>the vehicle is in a place falling within subsection <ref href="#d28e41895">(4)</ref>.</p></content></level></subsection><subsection eId="d28e41895"><num>(4)</num><intro><p>The places referred to in subsection <ref href="#d28e41886">(3)(c)</ref> are—</p></intro><level class="para1"><num>(a)</num><content><p>a place to which, at the time of the proposed exercise of the powers, the public or any section of the public has access, on payment or otherwise, as of right or by virtue of express or implied permission, and</p></content></level><level class="para1"><num>(b)</num><content><p>any other place to which at that time people have ready access but which is not a dwelling.</p></content></level></subsection><subsection><num>(5)</num><intro><p>But if the vehicle is in a garden or yard or other land occupied with and used for the purposes of a dwelling, the enforcement officer may exercise the powers conferred by subsection <ref href="#d28e41937">(6)</ref> only if the enforcement officer has reasonable grounds for believing—</p></intro><level class="para1"><num>(a)</num><content><p>that the suspect does not reside in the dwelling, and</p></content></level><level class="para1"><num>(b)</num><content><p>that the vehicle is not in the place in question with the express or implied permission of a person who resides in the dwelling.</p></content></level></subsection><subsection eId="d28e41937"><num>(6)</num><intro><p>The powers conferred by this subsection are—</p></intro><level class="para1"><num>(a)</num><content><p>power to require the suspect to permit entry to the vehicle;</p></content></level><level class="para1"><num>(b)</num><content><p>power to require the suspect to permit a search of the vehicle.</p></content></level></subsection><subsection eId="d28e41955"><num>(7)</num><intro><p>If an enforcement officer has reasonable grounds for suspecting that a person (the suspect) is carrying a cryptoasset-related item, the enforcement officer may require the suspect—</p></intro><level class="para1"><num>(a)</num><content><p>to permit a search of any article the suspect has with them;</p></content></level><level class="para1" eId="d28e41967"><num>(b)</num><content><p>to permit a search of the suspect’s person.</p></content></level></subsection><subsection><num>(8)</num><content><p>The powers conferred by subsections <ref href="#d28e41937">(6)</ref> and <ref href="#d28e41955">(7)</ref> are exercisable only so far as the enforcement officer thinks it necessary or expedient.</p></content></subsection><subsection><num>(9)</num><intro><p>An enforcement officer may—</p></intro><level class="para1"><num>(a)</num><content><p>in exercising powers conferred by subsection <ref href="#d28e41937">(6)</ref>, detain the vehicle for so long as is necessary for their exercise;</p></content></level><level class="para1"><num>(b)</num><content><p>in exercising powers conferred by subsection <ref href="#d28e41967">(7)(b)</ref>, detain the suspect for so long as is necessary for their exercise.</p></content></level></subsection><subsection><num>(10)</num><intro><p>The powers conferred by this section are exercisable by an SFO officer or an accredited financial investigator only in relation to the following—</p></intro><level class="para1"><num>(a)</num><content><p>premises in England, Wales or Northern Ireland (in the case of subsection <ref href="#d28e41827">(1)</ref>);</p></content></level><level class="para1"><num>(b)</num><content><p>vehicles and suspects in England, Wales or Northern Ireland (in the case of subsection <ref href="#d28e41937">(6)</ref>);</p></content></level><level class="para1"><num>(c)</num><content><p>suspects in England, Wales or Northern Ireland (in the case of subsection <ref href="#d28e41955">(7)</ref>).</p></content></level></subsection></section><section><num>303Z22</num><heading>Searches: supplemental provision</heading><subsection><num>(1)</num><content><p>The powers conferred by section <ref href="#d28e41823">303Z21</ref> are exercisable only so far as reasonably required for the purpose of finding a cryptoasset-related item.</p></content></subsection><subsection><num>(2)</num><content><p>Section <ref href="#d28e41823">303Z21</ref> does not require a person to submit to an intimate search or strip search (within the meaning of section 164 of the Customs and Excise Management Act 1979).</p></content></subsection></section><section eId="d28e42070"><num>303Z23</num><heading>Prior approval</heading><subsection><num>(1)</num><content><p>The powers conferred by section <ref href="#d28e41823">303Z21</ref> may be exercised only with the appropriate approval unless, in the circumstances, it is not practicable to obtain that approval before exercising the power.</p></content></subsection><subsection><num>(2)</num><content><p>The appropriate approval means the approval of a judicial officer or (if that is not practicable in any case) the approval of a senior officer.</p></content></subsection><subsection><num>(3)</num><intro><p>A judicial officer means—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, a justice of the peace;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, the sheriff.</p></content></level></subsection><subsection eId="d28e42107"><num>(4)</num><intro><p>If the powers are exercised without the approval of a judicial officer in a case where—</p></intro><level class="para1"><num>(a)</num><content><p>no property is seized by virtue of section <ref href="#d28e42350">303Z26</ref>, or</p></content></level><level class="para1"><num>(b)</num><content><p>any property so seized is not detained for more than 48 hours (calculated in accordance with section <ref href="#d28e42440">303Z27</ref>),</p></content></level><wrapUp><p>the relevant officer who exercised the power must give a written report to the appointed person.</p></wrapUp></subsection><subsection><num>(5)</num><content><p>But the duty in subsection <ref href="#d28e42107">(4)</ref> does not apply if, during the course of exercising the powers conferred by section <ref href="#d28e41823">303Z21</ref>, the enforcement officer seizes cash by virtue of section 294 or property by virtue of section 303J and the cash or property so seized is detained for more than 48 hours (calculated in accordance with section 295(1B) or 303K(5)).</p></content></subsection><subsection><num>(6)</num><intro><p>A report under subsection <ref href="#d28e42107">(4)</ref> must give particulars of the circumstances which led the relevant officer to believe that—</p></intro><level class="para1"><num>(a)</num><content><p>the powers were exercisable, and</p></content></level><level class="para1"><num>(b)</num><content><p>it was not practicable to obtain the approval of a judicial officer.</p></content></level></subsection><subsection><num>(7)</num><intro><p>In this section and in section <ref href="#d28e42202">303Z24</ref> the appointed person means—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales, a person appointed by the Secretary of State;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, a person appointed by the Scottish Ministers;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to Northern Ireland, a person appointed by the Department of Justice.</p></content></level></subsection><subsection><num>(8)</num><content><p>The appointed person must not be a person employed under or for the purposes of a government department or of the Scottish Administration; and the terms and conditions of the person’s appointment, including any remuneration or expenses to be paid to the person, are to be determined by the person making the appointment.</p></content></subsection></section><section eId="d28e42202"><num>303Z24</num><heading>Report on exercise of powers</heading><subsection><num>(1)</num><content><p>As soon as possible after the end of each financial year, the appointed person must prepare a report for that year.</p></content></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-financial-year">Financial year</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>the period beginning with the day on which this section came into force and ending with the next 31 March (which is the first financial year), and</p></content></level><level class="para1"><num>(b)</num><content><p>each subsequent period of 12 months beginning with 1 April.</p></content></level></subsection><subsection><num>(3)</num><content><p>The report must give the appointed person’s opinion as to the circumstances and manner in which the powers conferred by section <ref href="#d28e41823">303Z21</ref> are being exercised in cases where the enforcement officer who exercised them is required to give a report under section <ref href="#d28e42070">303Z23</ref><ref href="#d28e42107">(4)</ref>.</p></content></subsection><subsection><num>(4)</num><content><p>In the report, the appointed person may make any recommendations they consider appropriate.</p></content></subsection><subsection><num>(5)</num><content><p>The appointed person must send a copy of the report to whichever of the Secretary of State, the Scottish Ministers or the Department of Justice appointed the person.</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State must lay a copy of any report the Secretary of State receives under this section before Parliament and arrange for it to be published.</p></content></subsection><subsection><num>(7)</num><content><p>The Scottish Ministers must lay a copy of any report they receive under this section before the Scottish Parliament and arrange for it to be published.</p></content></subsection><subsection eId="d28e42271"><num>(8)</num><content><p>The Department of Justice must lay a copy of any report it receives under this section before the Northern Ireland Assembly and arrange for it to be published.</p></content></subsection><subsection><num>(9)</num><content><p>Section 41(3) of the Interpretation Act (Northern Ireland) 1954 applies for the purposes of subsection <ref href="#d28e42271">(8)</ref> in relation to the laying of a copy of a report as it applies in relation to the laying of a statutory document under an enactment.</p></content></subsection></section><section eId="d28e42289"><num>303Z25</num><heading>Codes of practice</heading><subsection><num>(1)</num><content><p>The requirements to make codes of practice set out in sections 303G, 303H and 303I apply in relation to the powers conferred by section <ref href="#d28e41823">303Z21</ref> as they apply in relation to the powers conferred by section 303C.</p></content></subsection><subsection eId="d28e42302"><num>(2)</num><content><p>A requirement in section 303G(2), 303H(2) or 303I(2), as applied by subsection (1), to carry out a relevant action may be satisfied by the carrying out of that action before this section comes into force.</p></content></subsection><subsection><num>(3)</num><intro><p>In subsection <ref href="#d28e42302">(2)</ref> “<term refersTo="#term-relevant-action">relevant action</term>” means any of the following—</p></intro><level class="para1"><num>(a)</num><content><p>publishing a draft code of practice;</p></content></level><level class="para1"><num>(b)</num><content><p>considering any representations made about the draft;</p></content></level><level class="para1"><num>(c)</num><content><p>modifying the draft in light of any such representations.</p></content></level></subsection><subsection><num>(4)</num><content><p>The requirement in section 303G(3), as applied by subsection (1), to consult the Attorney General may be satisfied by consultation carried out before this section comes into force.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Seizure and detention of cryptoasset-related items</heading><section eId="d28e42350"><num>303Z26</num><heading>Seizure of cryptoasset-related items</heading><subsection eId="d28e42354"><num>(1)</num><content><p>An enforcement officer may seize any item of property if the enforcement officer has reasonable grounds for suspecting that the item is a cryptoasset-related item.</p></content></subsection><subsection eId="d28e42360"><num>(2)</num><intro><p>If an enforcement officer is lawfully on any premises, the officer may, for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>determining whether any property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>enabling or facilitating the seizure under this Chapter of any cryptoasset,</p></content></level><wrapUp><p>require any information which is stored in any electronic form and accessible from the premises to be produced in a form in which it can be taken away and in which it is visible and legible, or from which it can readily be produced in a visible and legible form.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>But subsection <ref href="#d28e42360">(2)</ref> does not authorise an enforcement officer to require a person to produce privileged information.</p></content></subsection><subsection><num>(4)</num><intro><p>In this section “<term refersTo="#term-privileged-information">privileged information</term>” means information which a person would be entitled to refuse to provide—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, on grounds of legal professional privilege in proceedings in the High Court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, on grounds of legal privilege as defined by section 412.</p></content></level></subsection><subsection><num>(5)</num><intro><p>Where an enforcement officer has seized a cryptoasset-related item under subsection <ref href="#d28e42354">(1)</ref>, the officer may use any information obtained from the item for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>identifying or gaining access to a crypto wallet, and</p></content></level><level class="para1"><num>(b)</num><content><p>by doing so, enabling or facilitating the seizure under this Chapter of any cryptoassets.</p></content></level></subsection><subsection><num>(6)</num><content><p>This section does not authorise the seizure by an SFO officer or an accredited financial investigator of an item found in Scotland.</p></content></subsection></section><section eId="d28e42440"><num>303Z27</num><heading>Initial detention of seized cryptoasset-related items</heading><subsection eId="d28e42444"><num>(1)</num><content><p>Property seized under section <ref href="#d28e42350">303Z26</ref> may be detained for an initial period of 48 hours.</p></content></subsection><subsection><num>(2)</num><content><p>Subsection <ref href="#d28e42444">(1)</ref> authorises the detention of property only for so long as an enforcement officer continues to have reasonable grounds for suspicion in relation to that property as described in section <ref href="#d28e42350">303Z26</ref><ref href="#d28e42354">(1)</ref>.</p></content></subsection><subsection eId="d28e42467"><num>(3)</num><intro><p>In calculating a period of 48 hours for the purposes of this section, no account is to be taken of—</p></intro><level class="para1"><num>(a)</num><content><p>any Saturday or Sunday,</p></content></level><level class="para1"><num>(b)</num><content><p>Christmas Day,</p></content></level><level class="para1"><num>(c)</num><content><p>Good Friday,</p></content></level><level class="para1"><num>(d)</num><content><p>any day that is a bank holiday under the Banking and Financial Dealings Act 1971 in the part of the United Kingdom within which the property is seized, or</p></content></level><level class="para1"><num>(e)</num><content><p>any day prescribed by virtue of section 8(2) of the Criminal Procedure (Scotland) Act 1995 as a court holiday in a sheriff court in the sheriff court district within which the property is seized.</p></content></level></subsection></section><section eId="d28e42506"><num>303Z28</num><heading>Further detention of seized cryptoasset-related items</heading><subsection eId="d28e42510"><num>(1)</num><intro><p>The period for which property seized under section <ref href="#d28e42350">303Z26</ref> may be detained may be extended by an order made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, by a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, by the sheriff.</p></content></level></subsection><subsection><num>(2)</num><intro><p>An order under subsection <ref href="#d28e42510">(1)</ref> may not authorise the detention of any property—</p></intro><level class="para1"><num>(a)</num><content><p>beyond the end of the period of 6 months beginning with the date of the order, and</p></content></level><level class="para1" eId="d28e42546"><num>(b)</num><content><p>in the case of any further order under this section, beyond the end of the period of 2 years beginning with the date of the first order; but this is subject to subsection <ref href="#d28e42564">(4)</ref>.</p></content></level></subsection><subsection><num>(3)</num><content><p>A justice of the peace may also exercise the power of a magistrates’ court to make the first order under subsection <ref href="#d28e42510">(1)</ref>.</p></content></subsection><subsection eId="d28e42564"><num>(4)</num><content><p>The court or sheriff may make an order for the period of 2 years in subsection <ref href="#d28e42546">(2)(b)</ref> to be extended to a period of up to 3 years beginning with the date of the first order.</p></content></subsection><subsection eId="d28e42573"><num>(5)</num><intro><p>An application for an order under subsection <ref href="#d28e42510">(1)</ref> or <ref href="#d28e42564">(4)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><intro><p>in relation to England and Wales and Northern Ireland, by—</p></intro><level class="para2"><num>(i)</num><content><p>the Commissioners for His Majesty’s Revenue and Customs,</p></content></level><level class="para2"><num>(ii)</num><content><p>a constable,</p></content></level><level class="para2"><num>(iii)</num><content><p>an SFO officer, or</p></content></level><level class="para2"><num>(iv)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453;</p></content></level></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, by the Scottish Ministers in connection with their functions under section <ref href="#d28e43897">303Z41</ref> or by a procurator fiscal.</p></content></level></subsection><subsection><num>(6)</num><intro><p>The court, sheriff or justice may make an order under subsection <ref href="#d28e42510">(1)</ref> if satisfied, in relation to the item of property to be further detained, that—</p></intro><level class="para1"><num>(a)</num><content><p>there are reasonable grounds for suspecting that it is a cryptoasset-related item, and</p></content></level><level class="para1"><num>(b)</num><content><p>its continued detention is justified.</p></content></level></subsection><subsection eId="d28e42645"><num>(7)</num><content><p>The court or sheriff may make an order under subsection <ref href="#d28e42564">(4)</ref> if satisfied that a request for assistance is outstanding in relation to the item of property to be further detained.</p></content></subsection><subsection><num>(8)</num><intro><p>A “request for assistance” in subsection <ref href="#d28e42645">(7)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the property to be further detained, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an enforcement officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Part, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A (evidence overseas).</p></content></level></subsection><subsection><num>(9)</num><content><p>An order under subsection <ref href="#d28e42510">(1)</ref> must provide for notice to be given to persons affected by the order.</p></content></subsection></section><section eId="d28e42699"><num>303Z29</num><heading>Seizure of cryptoassets</heading><subsection eId="d28e42703"><num>(1)</num><content><p>An enforcement officer may seize cryptoassets if the enforcement officer has reasonable grounds for suspecting that the cryptoassets are recoverable property or intended by any person for use in unlawful conduct.</p></content></subsection><subsection><num>(2)</num><content><p>The circumstances in which a cryptoasset is “<term refersTo="#term-seized">seized</term>” for the purposes of subsection <ref href="#d28e42703">(1)</ref> include circumstances in which it is transferred into a crypto wallet controlled by the enforcement officer.</p></content></subsection><subsection><num>(3)</num><content><p>This section does not authorise the seizure by an SFO officer or an accredited financial investigator of cryptoassets as a result of information obtained from a cryptoasset-related item found in Scotland.</p></content></subsection></section><section eId="d28e42730"><num>303Z30</num><heading>Prior authorisation for detention of cryptoassets</heading><subsection><num>(1)</num><content><p>Where an order is made under section <ref href="#d28e42506">303Z28</ref> in respect of a cryptoasset-related item, the court, sheriff or justice making the order may, at the same time, make an order to authorise the detention of any cryptoassets that may be seized as a result of information obtained from that item.</p></content></subsection><subsection><num>(2)</num><content><p>An application for an order under this section may be made, by a person mentioned in section <ref href="#d28e42506">303Z28</ref><ref href="#d28e42573">(5)</ref>, at the same time as an application for an order under section <ref href="#d28e42506">303Z28</ref> is made by that person.</p></content></subsection><subsection><num>(3)</num><content><p>The court, sheriff or justice may make an order under this section if satisfied that there are reasonable grounds for suspecting that the cryptoassets that may be seized are recoverable property or intended by any person for use in unlawful conduct.</p></content></subsection><subsection><num>(4)</num><content><p>An order under this section authorises detention of the cryptoassets for the same period of time as the order under section <ref href="#d28e42506">303Z28</ref> authorises detention in respect of the cryptoasset-related item to which those cryptoassets relate.</p></content></subsection></section><section eId="d28e42775"><num>303Z31</num><heading>Initial detention of seized cryptoassets</heading><subsection eId="d28e42779"><num>(1)</num><content><p>Cryptoassets seized under section <ref href="#d28e42699">303Z29</ref> may be detained for an initial period of 48 hours.</p></content></subsection><subsection><num>(2)</num><content><p>Subsection <ref href="#d28e42779">(1)</ref> authorises the detention of property only for so long as an enforcement officer continues to have reasonable grounds for suspicion in relation to those cryptoassets as described in section <ref href="#d28e42699">303Z29</ref><ref href="#d28e42703">(1)</ref>.</p></content></subsection><subsection eId="d28e42802"><num>(3)</num><intro><p>In calculating a period of 48 hours for the purposes of this section, no account is to be taken of—</p></intro><level class="para1"><num>(a)</num><content><p>any Saturday or Sunday,</p></content></level><level class="para1"><num>(b)</num><content><p>Christmas Day,</p></content></level><level class="para1"><num>(c)</num><content><p>Good Friday,</p></content></level><level class="para1"><num>(d)</num><content><p>any day that is a bank holiday under the Banking and Financial Dealings Act 1971 in the part of the United Kingdom within which the property is seized, or</p></content></level><level class="para1"><num>(e)</num><content><p>any day prescribed by virtue of section 8(2) of the Criminal Procedure (Scotland) Act 1995 as a court holiday in a sheriff court in the sheriff court district within which the property is seized.</p></content></level></subsection><subsection><num>(4)</num><content><p>This section is subject to section <ref href="#d28e42730">303Z30</ref>.</p></content></subsection></section><section eId="d28e42850"><num>303Z32</num><heading>Further detention of seized cryptoassets</heading><subsection eId="d28e42854"><num>(1)</num><intro><p>The period for which cryptoassets seized under section <ref href="#d28e42699">303Z29</ref> may be detained may be extended by an order made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, by a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, by the sheriff.</p></content></level></subsection><subsection><num>(2)</num><intro><p>An order under subsection <ref href="#d28e42854">(1)</ref> may not authorise the detention of any cryptoassets—</p></intro><level class="para1"><num>(a)</num><content><p>beyond the end of the period of 6 months beginning with the date of the order, and</p></content></level><level class="para1" eId="d28e42890"><num>(b)</num><content><p>in the case of any further order under this section, beyond the end of the period of 2 years beginning with the date of the first order; but this is subject to subsection <ref href="#d28e42564">(4)</ref>.</p></content></level></subsection><subsection><num>(3)</num><content><p>A justice of the peace may also exercise the power of a magistrates’ court to make the first order under subsection <ref href="#d28e42854">(1)</ref>.</p></content></subsection><subsection><num>(4)</num><content><p>The court or sheriff may make an order for the period of 2 years in subsection <ref href="#d28e42890">(2)(b)</ref> to be extended to a period of up to 3 years beginning with the date of the first order.</p></content></subsection><subsection><num>(5)</num><intro><p>An application for an order under subsection <ref href="#d28e42510">(1)</ref> or <ref href="#d28e42564">(4)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><intro><p>in relation to England and Wales and Northern Ireland, by—</p></intro><level class="para2"><num>(i)</num><content><p>the Commissioners for His Majesty’s Revenue and Customs,</p></content></level><level class="para2"><num>(ii)</num><content><p>a constable,</p></content></level><level class="para2"><num>(iii)</num><content><p>an SFO officer, or</p></content></level><level class="para2"><num>(iv)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453,</p></content></level></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, by the Scottish Ministers in connection with their functions under section <ref href="#d28e43897">303Z41</ref> or by a procurator fiscal.</p></content></level></subsection><subsection><num>(6)</num><content><p>The court, sheriff or justice may make an order under subsection <ref href="#d28e42510">(1)</ref> if satisfied, in relation to the cryptoassets to be further detained, that there are reasonable grounds for suspecting that the cryptoassets are recoverable property or intended by any person for use in unlawful conduct.</p></content></subsection><subsection><num>(7)</num><content><p>The court or sheriff may make an order under subsection <ref href="#d28e42564">(4)</ref> if satisfied that a request for assistance is outstanding in relation to the cryptoassets to be further detained.</p></content></subsection><subsection><num>(8)</num><intro><p>A “request for assistance” in subsection <ref href="#d28e42645">(7)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the cryptoassets to be further detained, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an enforcement officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Part, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A (evidence overseas).</p></content></level></subsection><subsection><num>(9)</num><content><p>An order under subsection <ref href="#d28e42854">(1)</ref> must provide for notice to be given to persons affected by the order.</p></content></subsection></section><section><num>303Z33</num><heading>Safekeeping of cryptoassets and cryptoasset-related items</heading><subsection><num>(1)</num><content><p>An enforcement officer must arrange for any item of property seized under section <ref href="#d28e42350">303Z26</ref> to be safely stored throughout the period during which it is detained under this Chapter.</p></content></subsection><subsection><num>(2)</num><content><p>An enforcement officer must arrange for any cryptoassets seized under section <ref href="#d28e42699">303Z29</ref> to be safely stored throughout the period during which they are detained under this Chapter.</p></content></subsection></section><section><num>303Z34</num><heading>Release of cryptoassets and cryptoasset-related items</heading><subsection><num>(1)</num><content><p>This section applies while any cryptoasset or other item of property is detained under this Chapter.</p></content></subsection><subsection><num>(2)</num><content><p>A magistrates’ court or (in Scotland) the sheriff may direct the release of the whole or any part of the property if the following condition is met.</p></content></subsection><subsection><num>(3)</num><content><p>The condition is that the court or sheriff is satisfied, on an application by the person from whom the property was seized, that the conditions for the detention of the property in this Chapter are no longer met in relation to the property to be released.</p></content></subsection><subsection eId="d28e43078"><num>(4)</num><content><p>A person within subsection <ref href="#d28e43087">(5)</ref> may, after notifying the magistrates’ court, sheriff or justice under whose order property is being detained, release the whole or any part of the property if satisfied that the detention of the property to be released is no longer justified.</p></content></subsection><subsection eId="d28e43087"><num>(5)</num><intro><p>The following persons are within this subsection—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, an enforcement officer;</p></content></level><level class="para1"><num>(b)</num><intro><p>in relation to Scotland—</p></intro><level class="para2"><num>(i)</num><content><p>the Scottish Ministers,</p></content></level><level class="para2"><num>(ii)</num><content><p>an officer of Revenue and Customs,</p></content></level><level class="para2"><num>(iii)</num><content><p>a constable, and</p></content></level><level class="para2"><num>(iv)</num><content><p>a procurator fiscal.</p></content></level></level></subsection><subsection eId="d28e43129"><num>(6)</num><intro><p>If any cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, an enforcement officer may—</p></intro><level class="para1"><num>(a)</num><content><p>retain the item and deal with it as they see fit,</p></content></level><level class="para1"><num>(b)</num><content><p>dispose of the item, or</p></content></level><level class="para1"><num>(c)</num><content><p>destroy the item.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The powers in subsection <ref href="#d28e43129">(6)</ref> may be exercised only—</p></intro><level class="para1"><num>(a)</num><intro><p>where the enforcement officer has taken reasonable steps to notify—</p></intro><level class="para2"><num>(i)</num><content><p>the person from whom the item was seized, and</p></content></level><level class="para2"><num>(ii)</num><content><p>any other persons who the enforcement officer has reasonable grounds to believe have an interest in the item,</p></content></level><wrapUp><p>that the item has been released, and</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>with the approval of a senior officer.</p></content></level></subsection><subsection><num>(8)</num><intro><p>Any proceeds of a disposal of the item are to be paid—</p></intro><level class="para1"><num>(a)</num><intro><p>into the Consolidated Fund if—</p></intro><level class="para2"><num>(i)</num><content><p>the item was directed to be released by a magistrates’ court, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a magistrates’ court or justice was notified under subsection <ref href="#d28e43078">(4)</ref> of the release;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>into the Scottish Consolidated Fund if—</p></intro><level class="para2"><num>(i)</num><content><p>the item was directed to be released by the sheriff, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the sheriff was notified under subsection <ref href="#d28e43078">(4)</ref> of the release.</p></content></level></level></subsection></section></hcontainer></chapter><chapter><num>CHAPTER 3D</num><heading>Recovery of cryptoassets: freezing orders</heading><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Definitions</heading><section eId="d28e43247"><num>303Z35</num><heading>Definitions</heading><subsection eId="d28e43251"><num>(1)</num><intro><p>In this Chapter—</p></intro><level class="para1" eId="d28e43257"><num>(a)</num><intro><p>“<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para2"><num>(i)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets,</p></content></level><level class="para2"><num>(ii)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another, or</p></content></level><level class="para2"><num>(iii)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>“<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para2"><num>(i)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para2"><num>(ii)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets;</p></content></level></level><level class="para1"><num>(c)</num><content><p>“<term refersTo="#term-cryptoasset-service-provider">cryptoasset service provider</term>” includes cryptoasset exchange provider and custodian wallet provider.</p></content></level></subsection><subsection><num>(2)</num><intro><p>For the purposes of subsection <ref href="#d28e43257">(1)(a)</ref>, “<term refersTo="#term-money">money</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>money in sterling,</p></content></level><level class="para1"><num>(b)</num><content><p>money in any other currency, or</p></content></level><level class="para1"><num>(c)</num><content><p>money in any other medium of exchange,</p></content></level><wrapUp><p>but does not include a cryptoasset.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>In the definition of “cryptoasset exchange provider” in subsection <ref href="#d28e43251">(1)</ref>, “<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, a cryptoasset.</p></content></subsection><subsection eId="d28e43358"><num>(4)</num><content><p>The Secretary of State may by regulations amend the definitions in this section.</p></content></subsection><subsection eId="d28e43364"><num>(5)</num><content><p>The Secretary of State must consult the Scottish Ministers and the Department of Justice before making regulations under subsection <ref href="#d28e43358">(4)</ref>.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Freezing of crypto wallets</heading><section eId="d28e43379"><num>303Z36</num><heading>Application for crypto wallet freezing order</heading><subsection><num>(1)</num><intro><p>This section applies if an enforcement officer has reasonable grounds for suspecting that cryptoassets held in a crypto wallet administered by a UK-connected cryptoasset service provider—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where this section applies (but subject to subsection <ref href="#d28e43410">(3)</ref>) the enforcement officer may apply to the relevant court for a crypto wallet freezing order in relation to the crypto wallet in which the cryptoassets are held.</p></content></subsection><subsection eId="d28e43410"><num>(3)</num><content><p>An enforcement officer may not apply for a crypto wallet freezing order unless the officer is a senior officer or is authorised to do so by a senior officer.</p></content></subsection><subsection><num>(4)</num><intro><p>For the purposes of this Chapter—</p></intro><level class="para1"><num>(a)</num><intro><p>a crypto wallet freezing order is an order that, subject to any exclusions (see section <ref href="#d28e43743">303Z39</ref>), prohibits each person by or for whom the crypto wallet to which the order applies is administered from—</p></intro><level class="para2"><num>(i)</num><content><p>making withdrawals or payments from the crypto wallet, or</p></content></level><level class="para2"><num>(ii)</num><content><p>using the crypto wallet in any other way;</p></content></level></level><level class="para1" eId="d28e43443"><num>(b)</num><content><p>a crypto wallet is administered by or for a person if the person is the person to whom services are being provided by a cryptoasset service provider in relation to that crypto wallet.</p></content></level></subsection><subsection><num>(5)</num><content><p>An application for a crypto wallet freezing order may be made without notice if the circumstances of the case are such that notice of the application would prejudice the taking of any steps under this Part to forfeit cryptoassets that are recoverable property or intended by any person for use in unlawful conduct.</p></content></subsection><subsection><num>(6)</num><intro><p>An application for a crypto wallet freezing order under this section may be combined with an application for an account freezing order under section 303Z1 where a single entity—</p></intro><level class="para1"><num>(a)</num><content><p>is both a relevant financial institution for the purposes of section 303Z1 and a cryptoasset service provider for the purposes of this section, and</p></content></level><level class="para1"><num>(b)</num><content><p>operates or administers, for the same person, both an account holding money (above the minimum amount specified in section 303Z8) and a crypto wallet.</p></content></level></subsection><subsection><num>(7)</num><intro><p>An application for a crypto wallet freezing order may not be made by an SFO officer, or an accredited financial investigator, in relation to a UK-connected cryptoasset service provider where—</p></intro><level class="para1"><num>(a)</num><content><p>the provider has its registered office, or if it does not have one, its head office in Scotland, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in Scotland.</p></content></level></subsection><subsection><num>(8)</num><intro><p>In this Chapter—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-enforcement-officer">enforcement officer</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-relevant-court">relevant court</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, a magistrates’ court, and</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, the sheriff;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-uk-connected-cryptoasset-service-provider">UK-connected cryptoasset service provider</term>” means a cryptoasset service provider which—</p></intro><level class="para1"><num>(a)</num><content><p>is acting in the course of business carried on by it in the United Kingdom,</p></content></level><level class="para1"><num>(b)</num><content><p>has terms and conditions with the persons to whom it provides services which provide for a legal dispute to be litigated in the courts of a part of the United Kingdom,</p></content></level><level class="para1"><num>(c)</num><content><p>holds, in the United Kingdom, any data relating to the persons to whom it provides services, or</p></content></level><level class="para1"><num>(d)</num><content><p>meets the condition in subsection <ref href="#d28e43561">(9)</ref>.</p></content></level></hcontainer></subsection><subsection eId="d28e43561"><num>(9)</num><intro><p>The condition in this subsection is that—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider has its registered office, or if it does not have one, its head office in the United Kingdom, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in the United Kingdom.</p></content></level></subsection></section><section eId="d28e43582"><num>303Z37</num><heading>Making of a crypto wallet freezing order</heading><subsection><num>(1)</num><content><p>This section applies where an application for a crypto wallet freezing order is made under section <ref href="#d28e43379">303Z36</ref> in relation to a crypto wallet.</p></content></subsection><subsection><num>(2)</num><intro><p>The relevant court may make the order if satisfied that there are reasonable grounds for suspecting that some or all of the cryptoassets held in the crypto wallet—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection eId="d28e43613"><num>(3)</num><content><p>A crypto wallet freezing order ceases to have effect at the end of the period specified in the order (which may be varied under section <ref href="#d28e43697">303Z38</ref>) unless it ceases to have effect at an earlier or later time in accordance with this Chapter or Chapter 3E or 3F.</p></content></subsection><subsection eId="d28e43622"><num>(4)</num><content><p>The period specified by the relevant court for the purposes of subsection <ref href="#d28e43613">(3)</ref> (whether when the order is first made or on a variation under section <ref href="#d28e43697">303Z38</ref>) may not exceed the period of 2 years, beginning with the day on which the crypto wallet freezing order is (or was) made; but this is subject to subsection <ref href="#d28e43637">(5)</ref>.</p></content></subsection><subsection eId="d28e43637"><num>(5)</num><content><p>The relevant court may make an order for the period of 2 years in subsection <ref href="#d28e43622">(4)</ref> to be extended to a period of up to 3 years beginning with the day on which the crypto wallet freezing order is (or was) made.</p></content></subsection><subsection eId="d28e43646"><num>(6)</num><content><p>The relevant court may make an order under subsection <ref href="#d28e43637">(5)</ref> if satisfied that a request for assistance is outstanding in relation to some or all of the cryptoassets held in the crypto wallet.</p></content></subsection><subsection><num>(7)</num><intro><p>A “request for assistance” in subsection <ref href="#d28e43646">(6)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with some or all of the cryptoassets held in the crypto wallet, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an enforcement officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Part, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A (evidence overseas).</p></content></level></subsection><subsection><num>(8)</num><content><p>A crypto wallet freezing order must provide for notice to be given to persons affected by the order.</p></content></subsection></section><section eId="d28e43697"><num>303Z38</num><heading>Variation and setting aside of crypto wallet freezing order</heading><subsection eId="d28e43701"><num>(1)</num><intro><p>The relevant court may at any time vary or set aside a crypto wallet freezing order on an application made by—</p></intro><level class="para1"><num>(a)</num><content><p>an enforcement officer, or</p></content></level><level class="para1"><num>(b)</num><content><p>any person affected by the order.</p></content></level></subsection><subsection><num>(2)</num><content><p>But an enforcement officer may not make an application under subsection <ref href="#d28e43701">(1)</ref> unless the officer is a senior officer or is authorised to do so by a senior officer.</p></content></subsection><subsection><num>(3)</num><content><p>Before varying or setting aside a crypto wallet freezing order the court must (as well as giving the parties to the proceedings an opportunity to be heard) give such an opportunity to any person who may be affected by its decision.</p></content></subsection><subsection><num>(4)</num><content><p>In relation to Scotland, the references in this section to setting aside an order are to be read as references to recalling it.</p></content></subsection></section><section eId="d28e43743"><num>303Z39</num><heading>Exclusions</heading><subsection><num>(1)</num><content><p>The power to vary a crypto wallet freezing order includes (amongst other things) power to make exclusions from the prohibition on making withdrawals or payments from the crypto wallet to which the order applies.</p></content></subsection><subsection><num>(2)</num><content><p>Exclusions from the prohibition may also be made when the order is made.</p></content></subsection><subsection><num>(3)</num><intro><p>An exclusion may (amongst other things) make provision for the purpose of enabling a person by or for whom the crypto wallet is administered—</p></intro><level class="para1"><num>(a)</num><content><p>to meet the person’s reasonable living expenses, or</p></content></level><level class="para1"><num>(b)</num><content><p>to carry on any trade, business, profession or occupation.</p></content></level></subsection><subsection eId="d28e43777"><num>(4)</num><content><p>An exclusion may be made subject to conditions.</p></content></subsection><subsection><num>(5)</num><intro><p>Where a magistrates’ court exercises the power to make an exclusion for the purpose of enabling a person to meet legal expenses that the person has incurred, or may incur, in respect of proceedings under this Part, it must ensure that the exclusion—</p></intro><level class="para1"><num>(a)</num><content><p>is limited to reasonable legal expenses that the person has reasonably incurred or that the person reasonably incurs,</p></content></level><level class="para1"><num>(b)</num><content><p>specifies the total amount that may be released for legal expenses in pursuance of the exclusion, and</p></content></level><level class="para1"><num>(c)</num><content><p>is made subject to the same conditions as would be the required conditions (see section 286A) if the order had been made under section 245A (in addition to any conditions imposed under subsection <ref href="#d28e43777">(4)</ref>).</p></content></level></subsection><subsection eId="d28e43810"><num>(6)</num><intro><p>A magistrates’ court, in deciding whether to make an exclusion for the purpose of enabling a person to meet legal expenses in respect of proceedings under this Part—</p></intro><level class="para1"><num>(a)</num><content><p>must have regard to the desirability of the person being represented in any proceedings under this Part in which the person is a participant, and</p></content></level><level class="para1"><num>(b)</num><intro><p>must disregard the possibility that legal representation of the person in any such proceedings might, were an exclusion not made—</p></intro><level class="para2"><num>(i)</num><content><p>be made available under arrangements made for the purposes of Part 1 of the Legal Aid, Sentencing and Punishment of Offenders Act 2012, or</p></content></level><level class="para2"><num>(ii)</num><content><p>be funded by the Department of Justice.</p></content></level></level></subsection><subsection><num>(7)</num><content><p>The sheriff’s power to make exclusions may not be exercised for the purpose of enabling any person to meet any legal expenses in respect of proceedings under this Part.</p></content></subsection><subsection><num>(8)</num><content><p>The power to make exclusions must, subject to subsection <ref href="#d28e43810">(6)</ref>, be exercised with a view to ensuring, so far as practicable, that there is not undue prejudice to the taking of any steps under this Part to forfeit cryptoassets that are recoverable property or intended by any person for use in unlawful conduct.</p></content></subsection></section><section><num>303Z40</num><heading>Restrictions on proceedings and remedies</heading><subsection eId="d28e43862"><num>(1)</num><content><p>If a court in which proceedings are pending in respect of a crypto wallet administered by a UK-connected cryptoasset service provider is satisfied that a crypto wallet freezing order has been applied for or made in respect of the crypto wallet, it may either stay the proceedings or allow them to continue on any terms it thinks fit.</p></content></subsection><subsection><num>(2)</num><content><p>Before exercising the power conferred by subsection <ref href="#d28e43862">(1)</ref>, the court must (as well as giving the parties to any of the proceedings concerned an opportunity to be heard) give such an opportunity to any person who may be affected by the court’s decision.</p></content></subsection><subsection><num>(3)</num><content><p>In relation to Scotland, the reference in subsection <ref href="#d28e43862">(1)</ref> to staying the proceedings is to be read as a reference to sisting the proceedings.</p></content></subsection></section></hcontainer></chapter><chapter><num>CHAPTER 3E</num><heading>Forfeiture of cryptoassets following detention or freezing order</heading><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Forfeiture orders</heading><section eId="d28e43897"><num>303Z41</num><heading>Forfeiture order</heading><subsection><num>(1)</num><intro><p>This section applies—</p></intro><level class="para1"><num>(a)</num><content><p>while any cryptoassets are detained under Chapter 3C, or</p></content></level><level class="para1"><num>(b)</num><content><p>while a crypto wallet freezing order made under section <ref href="#d28e43582">303Z37</ref> has effect.</p></content></level></subsection><subsection eId="d28e43922"><num>(2)</num><intro><p>An application for the forfeiture of some or all of the cryptoassets that are detained or held in the crypto wallet that is subject to the crypto wallet freezing order may be made—</p></intro><level class="para1" eId="d28e43928"><num>(a)</num><content><p>to a magistrates’ court by a person within subsection <ref href="#d28e43943">(3)</ref>, or</p></content></level><level class="para1" eId="d28e43937"><num>(b)</num><content><p>to the sheriff by the Scottish Ministers.</p></content></level></subsection><subsection eId="d28e43943"><num>(3)</num><intro><p>The following persons are within this subsection—</p></intro><level class="para1"><num>(a)</num><content><p>the Commissioners for His Majesty’s Revenue and Customs,</p></content></level><level class="para1"><num>(b)</num><content><p>a constable,</p></content></level><level class="para1"><num>(c)</num><content><p>an SFO officer, and</p></content></level><level class="para1"><num>(d)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453.</p></content></level></subsection><subsection eId="d28e43973"><num>(4)</num><intro><p>The court or sheriff may order the forfeiture of some or all of the cryptoassets if satisfied that the cryptoassets—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection eId="d28e43991"><num>(5)</num><intro><p>An order under subsection <ref href="#d28e43973">(4)</ref> made by a magistrates’ court may provide for payment under section <ref href="#d28e45401">303Z49</ref> of reasonable legal expenses that a person has reasonably incurred, or may reasonably incur, in respect of—</p></intro><level class="para1"><num>(a)</num><content><p>the proceedings in which the order is made, or</p></content></level><level class="para1"><num>(b)</num><content><p>any related proceedings under this Chapter.</p></content></level></subsection><subsection eId="d28e44015"><num>(6)</num><intro><p>A sum in respect of a relevant item of expenditure is not payable under section <ref href="#d28e45401">303Z49</ref> in pursuance of provision under subsection <ref href="#d28e43991">(5)</ref> unless—</p></intro><level class="para1"><num>(a)</num><content><p>the person who applied for the order under subsection <ref href="#d28e43973">(4)</ref> agrees to its payment, or</p></content></level><level class="para1"><num>(b)</num><content><p>the court has assessed the amount allowed in respect of that item and the sum is paid in respect of the assessed amount.</p></content></level></subsection><subsection eId="d28e44042"><num>(7)</num><intro><p>For the purposes of subsection <ref href="#d28e44015">(6)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>a “relevant item of expenditure” is an item of expenditure to which regulations under section 286B would apply if the order under subsection <ref href="#d28e43973">(4)</ref> had instead been a recovery order;</p></content></level><level class="para1"><num>(b)</num><content><p>an amount is “allowed” in respect of a relevant item of expenditure if it would have been allowed by those regulations;</p></content></level><level class="para1"><num>(c)</num><content><p>if the person who applied for the order under subsection <ref href="#d28e43973">(4)</ref> was a constable, an SFO officer or an accredited financial investigator, that person may not agree to the payment of a sum unless the person is a senior officer or is authorised to do so by a senior officer.</p></content></level></subsection><subsection><num>(8)</num><content><p>Subsection <ref href="#d28e43973">(4)</ref> ceases to apply on the transfer of an application made under this section in accordance with section <ref href="#d28e44767">303Z45</ref><ref href="#d28e44771">(1)</ref>.</p></content></subsection><subsection><num>(9)</num><intro><p>In this Chapter—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet-freezing-order">crypto wallet freezing order</term>” has the same meaning as in Chapter 3D (see section <ref href="#d28e43379">303Z36</ref>);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-enforcement-officer">enforcement officer</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>.</p></content></hcontainer></subsection><subsection><num>(10)</num><content><p>Section <ref href="#d28e43379">303Z36</ref><ref href="#d28e43443">(4)(b)</ref> applies in relation to this Chapter as it applies in relation to Chapter 3D.</p></content></subsection></section><section eId="d28e44140"><num>303Z42</num><heading>Forfeiture order: supplementary</heading><subsection><num>(1)</num><content><p>Subsection <ref href="#d28e44156">(2)</ref> applies where an application is made under section <ref href="#d28e43897">303Z41</ref> for the forfeiture of any cryptoassets detained under Chapter 3C.</p></content></subsection><subsection eId="d28e44156"><num>(2)</num><content><p>The cryptoassets are to continue to be detained under Chapter 3C (and may not be released under any power conferred by this Part) until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.</p><p>This subsection is subject to Chapter 3F (conversion to money).</p></content></subsection><subsection><num>(3)</num><intro><p>Where an application is made under section 303Z41 in relation to cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order—</p></intro><level class="para1"><num>(a)</num><content><p>subsections (4) and (5) apply, and</p></content></level><level class="para1"><num>(b)</num><content><p>the crypto wallet freezing order is to continue to have effect until the time referred to in subsection (4)(b) or (5).</p></content></level></subsection><subsection eId="d28e44183"><num>(4)</num><intro><p>Where the cryptoassets are ordered to be forfeited under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43973">(4)</ref> or <ref href="#d28e44767">303Z45</ref><ref href="#d28e44807">(3)</ref>—</p></intro><level class="para1" eId="d28e44199"><num>(a)</num><content><p>the cryptoasset service provider that administers the crypto wallet must transfer the cryptoassets into a crypto wallet nominated by an enforcement officer, and</p></content></level><level class="para1" eId="d28e44205"><num>(b)</num><content><p>immediately after the transfer has been made, the freezing order ceases to have effect.</p></content></level></subsection><subsection eId="d28e44211"><num>(5)</num><content><p>Where the application is determined or otherwise disposed of other than by the making of an order under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43973">(4)</ref> or <ref href="#d28e44767">303Z45</ref><ref href="#d28e44807">(3)</ref>, the crypto wallet freezing order ceases to have effect immediately after that determination or other disposal.</p></content></subsection><subsection eId="d28e44227"><num>(6)</num><content><p>Subsections <ref href="#d28e44183">(4)</ref>(b) and <ref href="#d28e44211">(5)</ref> are subject to section <ref href="#d28e45028">303Z46</ref> and Chapter 3F.</p></content></subsection><subsection eId="d28e44242"><num>(7)</num><content><p>The Secretary of State may by regulations amend this section to make provision about the forfeiture of cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order.</p></content></subsection><subsection><num>(8)</num><intro><p>Regulations under subsection <ref href="#d28e44242">(7)</ref> may in particular make provision about—</p></intro><level class="para1"><num>(a)</num><content><p>the process for the forfeiture of cryptoassets;</p></content></level><level class="para1"><num>(b)</num><content><p>the realisation of forfeited cryptoassets;</p></content></level><level class="para1"><num>(c)</num><content><p>the application of the proceeds of such realisation.</p></content></level></subsection><subsection><num>(9)</num><content><p>Regulations under subsection <ref href="#d28e44242">(7)</ref> may make consequential amendments of this Chapter.</p></content></subsection><subsection eId="d28e44284"><num>(10)</num><intro><p>The Secretary of State may not make regulations under subsection <ref href="#d28e44242">(7)</ref> unless the Secretary of State has—</p></intro><level class="para1" eId="d28e44293"><num>(a)</num><content><p>consulted the Scottish Ministers and the Department of Justice, and</p></content></level><level class="para1" eId="d28e44299"><num>(b)</num><content><p>given a notice containing the relevant information to the Scottish Ministers and the Department of Justice.</p></content></level></subsection><subsection><num>(11)</num><intro><p>Consultation under subsection <ref href="#d28e44293">(10)(a)</ref> must include consultation about any effects that the Secretary of State considers the regulations may have on—</p></intro><level class="para1"><num>(a)</num><content><p>a person in Scotland or Northern Ireland (as the case may be) applying for the forfeiture of cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order, and</p></content></level><level class="para1"><num>(b)</num><content><p>a sheriff or court in Scotland or a court in Northern Ireland (as the case may be) considering such an application or making an order for such forfeiture.</p></content></level></subsection><subsection><num>(12)</num><intro><p>In subsection <ref href="#d28e44299">(10)(b)</ref> “<term refersTo="#term-relevant-information">relevant information</term>” means—</p></intro><level class="para1" eId="d28e44339"><num>(a)</num><intro><p>a description of—</p></intro><level class="para2"><num>(i)</num><content><p>the process undertaken in order to comply with subsection <ref href="#d28e44293">(10)(a)</ref> in relation to the Scottish Ministers or the Department of Justice (as the case may be), and</p></content></level><level class="para2"><num>(ii)</num><content><p>any agreement, objection or other views expressed as part of that process by the Scottish Ministers or the Department of Justice (as the case may be), and</p></content></level></level><level class="para1"><num>(b)</num><content><p>an explanation of whether and how such views have been taken into account in the regulations (including, in a case where the Secretary of State proposes to make the regulations despite an objection, an explanation of the reasons for doing so).</p></content></level></subsection></section><section eId="d28e44369"><num>303Z43</num><heading>Associated and joint property</heading><subsection eId="d28e44373"><num>(1)</num><intro><p>Sections <ref href="#d28e44502">303Z44</ref> and <ref href="#d28e44767">303Z45</ref> apply if—</p></intro><level class="para1"><num>(a)</num><content><p>an application is made under section <ref href="#d28e43897">303Z41</ref> in respect of cryptoassets,</p></content></level><level class="para1" eId="d28e44394"><num>(b)</num><content><p>the court or sheriff is satisfied that some or all of the cryptoassets are recoverable property or are intended by any person for use in unlawful conduct, and</p></content></level><level class="para1"><num>(c)</num><content><p>there exists property that is associated with the cryptoassets in relation to which the court or sheriff is satisfied as mentioned in paragraph (b).</p></content></level></subsection><subsection eId="d28e44406"><num>(2)</num><intro><p>Sections <ref href="#d28e44502">303Z44</ref> and <ref href="#d28e44767">303Z45</ref> also apply in England and Wales and Northern Ireland if—</p></intro><level class="para1"><num>(a)</num><content><p>an application is made under section <ref href="#d28e43897">303Z41</ref> in respect of cryptoassets,</p></content></level><level class="para1" eId="d28e44427"><num>(b)</num><content><p>the court is satisfied that some or all of the cryptoassets are recoverable property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the cryptoassets in relation to which the court is satisfied as mentioned in paragraph <ref href="#d28e44427">(b)</ref> belong to joint tenants and one of the tenants is an excepted joint owner.</p></content></level></subsection><subsection><num>(3)</num><intro><p>In this section and sections <ref href="#d28e44502">303Z44</ref> and <ref href="#d28e44767">303Z45</ref> “<term refersTo="#term-associated-property">associated property</term>” means property of any of the following descriptions that is not itself the forfeitable property—</p></intro><level class="para1"><num>(a)</num><content><p>any interest in the forfeitable property;</p></content></level><level class="para1"><num>(b)</num><content><p>any other interest in the property in which the forfeitable property subsists;</p></content></level><level class="para1"><num>(c)</num><content><p>if the forfeitable property is part of a larger property, but not a separate part, the remainder of that property.</p></content></level><wrapUp><p>References to property being associated with forfeitable property are to be read accordingly.</p></wrapUp></subsection><subsection><num>(4)</num><content><p>In this section and sections <ref href="#d28e44502">303Z44</ref> and <ref href="#d28e44767">303Z45</ref>, the “<term refersTo="#term-forfeitable-property">forfeitable property</term>” means the cryptoassets in relation to which the court or sheriff is satisfied as mentioned in subsection <ref href="#d28e44394">(1)(b)</ref> or <ref href="#d28e44427">(2)(b)</ref> (as the case may be).</p></content></subsection></section><section eId="d28e44502"><num>303Z44</num><heading>Agreements about associated and joint property</heading><subsection eId="d28e44506"><num>(1)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>this section applies, and</p></content></level><level class="para1" eId="d28e44518"><num>(b)</num><content><p>the person who applied for the order under section <ref href="#d28e43897">303Z41</ref> (on the one hand) and the person who holds the associated property or who is the excepted joint owner (on the other hand) agree,</p></content></level><wrapUp><p>the magistrates’ court or sheriff may, instead of making an order under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43973">(4)</ref>, make an order requiring the person who holds the associated property or who is the excepted joint owner to make a payment to a person identified in the order.</p></wrapUp></subsection><subsection><num>(2)</num><intro><p>The amount of the payment is (subject to subsection <ref href="#d28e44568">(3)</ref>) to be the amount which the persons referred to in subsection <ref href="#d28e44518">(1)(b)</ref> agree represents—</p></intro><level class="para1"><num>(a)</num><content><p>in a case where this section applies by virtue of section <ref href="#d28e44369">303Z43</ref><ref href="#d28e44373">(1)</ref>, the value of the forfeitable property;</p></content></level><level class="para1"><num>(b)</num><content><p>in a case where this section applies by virtue of section <ref href="#d28e44369">303Z43</ref><ref href="#d28e44406">(2)</ref>, the value of the forfeitable property less the value of the excepted joint owner’s share.</p></content></level></subsection><subsection eId="d28e44568"><num>(3)</num><intro><p>The amount of the payment may be reduced if the person who applied for the order under section <ref href="#d28e43897">303Z41</ref> agrees that the other party to the agreement has suffered loss as a result of—</p></intro><level class="para1"><num>(a)</num><content><p>the seizure of the forfeitable property under section <ref href="#d28e42699">303Z29</ref> and its subsequent detention, or</p></content></level><level class="para1"><num>(b)</num><content><p>the making of a crypto wallet freezing order under section <ref href="#d28e43582">303Z37</ref>.</p></content></level></subsection><subsection><num>(4)</num><content><p>The reduction that is permissible by virtue of subsection <ref href="#d28e44568">(3)</ref> is such amount as the parties to the agreement agree is reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subsection><subsection><num>(5)</num><content><p>An order under subsection <ref href="#d28e44506">(1)</ref> may, so far as required for giving effect to the agreement, include provision for vesting, creating or extinguishing any interest in property.</p></content></subsection><subsection eId="d28e44613"><num>(6)</num><intro><p>An order under subsection <ref href="#d28e44506">(1)</ref> made by a magistrates’ court may provide for payment under subsection <ref href="#d28e44719">(12)</ref> of reasonable legal expenses that a person has reasonably incurred, or may reasonably incur, in respect of—</p></intro><level class="para1"><num>(a)</num><content><p>the proceedings in which the order is made, or</p></content></level><level class="para1"><num>(b)</num><content><p>any related proceedings under this Chapter.</p></content></level></subsection><subsection eId="d28e44637"><num>(7)</num><intro><p>A sum in respect of a relevant item of expenditure is not payable under subsection <ref href="#d28e44719">(12)</ref> in pursuance of provision under subsection <ref href="#d28e44613">(6)</ref> unless—</p></intro><level class="para1"><num>(a)</num><content><p>the person who applied for the order under section <ref href="#d28e43897">303Z41</ref> agrees to its payment, or</p></content></level><level class="para1"><num>(b)</num><content><p>the court has assessed the amount allowed in respect of that item and the sum is paid in respect of the assessed amount.</p></content></level></subsection><subsection><num>(8)</num><intro><p>For the purposes of subsection <ref href="#d28e44637">(7)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>a “relevant item of expenditure” is an item of expenditure to which regulations under section 286B would apply if the order under subsection <ref href="#d28e44506">(1)</ref> had instead been a recovery order;</p></content></level><level class="para1"><num>(b)</num><content><p>an amount is “allowed” in respect of a relevant item of expenditure if it would have been allowed by those regulations.</p></content></level></subsection><subsection><num>(9)</num><content><p>For the purposes of section 308(2), on the making of an order under subsection <ref href="#d28e44506">(1)</ref>, the forfeitable property is to be treated as if it had been forfeited.</p></content></subsection><subsection><num>(10)</num><content><p>If there is more than one item of associated property or more than one excepted joint owner, the total amount to be paid under subsection <ref href="#d28e44506">(1)</ref>, and the part of that amount which is to be provided by each person who holds any such associated property or who is an excepted joint owner, is to be agreed between both (or all) of them and the person who applied for the order under section <ref href="#d28e43897">303Z41</ref>.</p></content></subsection><subsection><num>(11)</num><content><p>If the person who applied for the order under section <ref href="#d28e43897">303Z41</ref> was a constable, an SFO officer or an accredited financial investigator, that person may enter into an agreement for the purposes of any provision of this section only if the person is a senior officer or is authorised to do so by a senior officer.</p></content></subsection><subsection eId="d28e44719"><num>(12)</num><intro><p>An amount received under an order under subsection <ref href="#d28e44506">(1)</ref> must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, it must be applied in making any payment of legal expenses which, after giving effect to subsection <ref href="#d28e44637">(7)</ref>, are payable under this subsection in pursuance of provision under subsection <ref href="#d28e44613">(6)</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>second, it must be applied in payment or reimbursement of any reasonable costs incurred in storing or insuring the forfeitable property and any associated property whilst detained under this Part;</p></content></level><level class="para1"><num>(c)</num><intro><p>third, it must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if the order was made by a magistrates’ court, into the Consolidated Fund;</p></content></level><level class="para2"><num>(ii)</num><content><p>if the order was made by the sheriff, into the Scottish Consolidated Fund.</p></content></level></level></subsection></section><section eId="d28e44767"><num>303Z45</num><heading>Associated and joint property: default of agreement</heading><subsection eId="d28e44771"><num>(1)</num><content><p>Where this section applies and there is no agreement under section <ref href="#d28e44502">303Z44</ref>, the magistrates’ court or sheriff may transfer the application made under section <ref href="#d28e43897">303Z41</ref> to the appropriate court.</p></content></subsection><subsection><num>(2)</num><intro><p>The “appropriate court” is—</p></intro><level class="para1"><num>(a)</num><content><p>the High Court, where the application under section <ref href="#d28e43897">303Z41</ref> was made to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>the Court of Session, where the application under section <ref href="#d28e43897">303Z41</ref> was made to the sheriff.</p></content></level></subsection><subsection eId="d28e44807"><num>(3)</num><content><p>Where (under subsection <ref href="#d28e44771">(1)</ref>) an application made under section <ref href="#d28e43897">303Z41</ref> is transferred to the appropriate court, the appropriate court may order the forfeiture of the property to which the application relates, or any part of that property, if satisfied that what is to be forfeited is recoverable property or intended by any person for use in unlawful conduct.</p></content></subsection><subsection eId="d28e44819"><num>(4)</num><content><p>An order under subsection <ref href="#d28e44807">(3)</ref> made by the High Court may include provision of the type that may be included in an order under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43973">(4)</ref> made by a magistrates’ court by virtue of section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43991">(5)</ref>.</p></content></subsection><subsection eId="d28e44838"><num>(5)</num><content><p>If provision is included in an order of the High Court by virtue of subsection <ref href="#d28e44819">(4)</ref> of this section, section <ref href="#d28e43897">303Z41</ref><ref href="#d28e44015">(6)</ref> and <ref href="#d28e44042">(7)</ref> apply with the necessary modifications.</p></content></subsection><subsection eId="d28e44855"><num>(6)</num><intro><p>The appropriate court may, as well as making an order under subsection <ref href="#d28e44807">(3)</ref>, make an order—</p></intro><level class="para1"><num>(a)</num><content><p>providing for the forfeiture of the associated property or (as the case may be) for the excepted joint owner‘s interest to be extinguished, or</p></content></level><level class="para1"><num>(b)</num><content><p>providing for the excepted joint owner‘s interest to be severed.</p></content></level></subsection><subsection eId="d28e44876"><num>(7)</num><intro><p>Where (under subsection <ref href="#d28e44771">(1)</ref>) the magistrates’ court or sheriff decides not to transfer an application made under section <ref href="#d28e43897">303Z41</ref> to the appropriate court, the magistrates’ court or sheriff may, as well as making an order under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43973">(4)</ref>, make an order—</p></intro><level class="para1"><num>(a)</num><content><p>providing for the forfeiture of the associated property or (as the case may be) for the excepted joint owner‘s interest to be extinguished, or</p></content></level><level class="para1"><num>(b)</num><content><p>providing for the excepted joint owner‘s interest to be severed.</p></content></level></subsection><subsection><num>(8)</num><content><p>An order under subsection <ref href="#d28e44855">(6)</ref> or <ref href="#d28e44876">(7)</ref> may be made only if the appropriate court, the magistrates’ court or the sheriff (as the case may be) thinks it just and equitable to do so.</p></content></subsection><subsection eId="d28e44917"><num>(9)</num><content><p>An order under subsection <ref href="#d28e44855">(6)</ref> or <ref href="#d28e44876">(7)</ref> must provide for the payment of an amount to the person who holds the associated property or who is an excepted joint owner.</p></content></subsection><subsection><num>(10)</num><intro><p>In making an order under subsection <ref href="#d28e44855">(6)</ref> or <ref href="#d28e44876">(7)</ref>, and including provision in it by virtue of subsection <ref href="#d28e44917">(9)</ref>, the appropriate court, the magistrates’ court or the sheriff (as the case may be) must have regard to—</p></intro><level class="para1"><num>(a)</num><content><p>the rights of any person who holds the associated property or who is an excepted joint owner and the value to that person of that property or (as the case may be) of that person‘s share (including any value that cannot be assessed in terms of money), and</p></content></level><level class="para1"><num>(b)</num><content><p>the interest of the person who applied for the order under section <ref href="#d28e43897">303Z41</ref> in realising the value of the forfeitable property.</p></content></level></subsection><subsection eId="d28e44959"><num>(11)</num><intro><p>If the appropriate court, the magistrates’ court or the sheriff (as the case may be) is satisfied that—</p></intro><level class="para1"><num>(a)</num><intro><p>the person who holds the associated property or who is an excepted joint owner has suffered loss as a result of—</p></intro><level class="para2"><num>(i)</num><content><p>the seizure of the forfeitable property under section <ref href="#d28e42699">303Z29</ref> and its subsequent detention, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the making of the crypto wallet freezing order under section <ref href="#d28e43582">303Z37</ref>, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>the circumstances are exceptional,</p></content></level><wrapUp><p>an order under subsection <ref href="#d28e44855">(6)</ref> or <ref href="#d28e44876">(7)</ref> may require the payment of compensation to that person.</p></wrapUp></subsection><subsection><num>(12)</num><content><p>The amount of compensation to be paid by virtue of subsection <ref href="#d28e44959">(11)</ref> is the amount the appropriate court, the magistrates’ court or the sheriff (as the case may be) thinks reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subsection><subsection><num>(13)</num><content><p>Compensation to be paid by virtue of subsection <ref href="#d28e44959">(11)</ref> is to be paid in the same way that compensation is to be paid under section <ref href="#d28e45778">303Z52</ref>.</p></content></subsection></section><section eId="d28e45028"><num>303Z46</num><heading>Continuation of crypto wallet freezing order pending appeal</heading><subsection><num>(1)</num><intro><p>This section applies where, on an application under section <ref href="#d28e43897">303Z41</ref> in relation to a crypto wallet to which a crypto wallet freezing order applies—</p></intro><level class="para1"><num>(a)</num><intro><p>the magistrates’ court or sheriff decides—</p></intro><level class="para2"><num>(i)</num><content><p>to make an order under section 303Z41(4) in relation to some but not all of the cryptoassets to which the application related, or</p></content></level><level class="para2"><num>(ii)</num><content><p>not to make an order under section 303Z41(4), or</p></content></level></level><level class="para1"><num>(b)</num><intro><p>if the application is transferred in accordance with section 303Z45(1), the High Court or Court of Session decides—</p></intro><level class="para2"><num>(i)</num><content><p>to make an order under section 303Z45(3) in relation to some but not all of the cryptoassets to which the application related, or</p></content></level><level class="para2"><num>(ii)</num><content><p>not to make an order under section 303Z45(3).</p></content></level></level></subsection><subsection eId="d28e45077"><num>(2)</num><content><p>The person who made the application under section <ref href="#d28e43897">303Z41</ref> may apply without notice to the court or sheriff that made the decision referred to in subsection (1) for an order that the crypto wallet freezing order is to continue to have effect.</p></content></subsection><subsection eId="d28e45086"><num>(3)</num><intro><p>Where the court or sheriff makes an order under subsection <ref href="#d28e45077">(2)</ref> the crypto wallet freezing order is to continue to have effect until—</p></intro><level class="para1"><num>(a)</num><content><p>the end of the period of 48 hours starting with the making of the order under subsection <ref href="#d28e45077">(2)</ref>, or</p></content></level><level class="para1"><num>(b)</num><content><p>if within that period of 48 hours an appeal is brought (whether under section <ref href="#d28e45137">303Z47</ref> or otherwise) against the decision referred to in subsection (1), the time when the appeal is determined or otherwise disposed of.</p></content></level></subsection><subsection><num>(4)</num><content><p>Subsection <ref href="#d28e42802">(3)</ref> of section <ref href="#d28e42775">303Z31</ref> applies for the purposes of subsection <ref href="#d28e45086">(3)</ref> as it applies for the purposes of that section.</p></content></subsection></section><section eId="d28e45137"><num>303Z47</num><heading>Sections <ref href="#d28e43897">303Z41</ref> to <ref href="#d28e44767">303Z45</ref>: appeals</heading><subsection eId="d28e45141"><num>(1)</num><intro><p>Any party to proceedings for an order for the forfeiture of cryptoassets under section <ref href="#d28e43897">303Z41</ref> may appeal against—</p></intro><level class="para1"><num>(a)</num><content><p>the making of an order under section <ref href="#d28e43897">303Z41</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>the making of an order under section <ref href="#d28e44767">303Z45</ref><ref href="#d28e44876">(7)</ref>;</p></content></level><level class="para1" eId="d28e45170"><num>(c)</num><content><p>a decision not to make an order under section <ref href="#d28e43897">303Z41</ref> unless the reason that no order was made is that an order was instead made under section <ref href="#d28e44502">303Z44</ref>;</p></content></level><level class="para1" eId="d28e45182"><num>(d)</num><content><p>a decision not to make an order under section <ref href="#d28e44767">303Z45</ref><ref href="#d28e44876">(7)</ref>.</p></content></level><wrapUp><p>Paragraphs <ref href="#d28e45170">(c)</ref> and <ref href="#d28e45182">(d)</ref> do not apply if the application for the order under section <ref href="#d28e43897">303Z41</ref> was transferred in accordance with section <ref href="#d28e44767">303Z45</ref><ref href="#d28e44771">(1)</ref>.</p></wrapUp></subsection><subsection eId="d28e45210"><num>(2)</num><content><p>Where an order under section <ref href="#d28e44502">303Z44</ref> is made by a magistrates’ court, any party to the proceedings for the order (including any party to the proceedings under section <ref href="#d28e43897">303Z41</ref> that preceded the making of the order) may appeal against a decision to include, or not to include, provision in the order under section <ref href="#d28e44502">303Z44</ref><ref href="#d28e44613">(6)</ref>.</p></content></subsection><subsection><num>(3)</num><intro><p>An appeal under this section lies—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales, to the Crown Court;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, to the Sheriff Appeal Court;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to Northern Ireland, to a county court.</p></content></level></subsection><subsection eId="d28e45251"><num>(4)</num><content><p>An appeal under this section must be made before the end of the period of 30 days starting with the day on which the court or sheriff makes the order or decision.</p></content></subsection><subsection><num>(5)</num><content><p>The court hearing the appeal may make any order it thinks appropriate.</p></content></subsection><subsection eId="d28e45263"><num>(6)</num><content><p>If the court upholds an appeal against an order forfeiting any cryptoasset or other item of property, it may order the release of the whole or any part of the property.</p></content></subsection></section><section eId="d28e45272"><num>303Z48</num><heading>Realisation or destruction of forfeited cryptoassets etc</heading><subsection eId="d28e45276"><num>(1)</num><content><p>This section applies where any cryptoasset or other item of property is forfeited under this Chapter.</p></content></subsection><subsection eId="d28e45282"><num>(2)</num><intro><p>An enforcement officer must—</p></intro><level class="para1"><num>(a)</num><content><p>realise the property, or</p></content></level><level class="para1"><num>(b)</num><content><p>make arrangements for its realisation.</p></content></level><wrapUp><p>This is subject to subsections <ref href="#d28e45309">(3)</ref> to <ref href="#d28e45339">(5)</ref>.</p></wrapUp></subsection><subsection eId="d28e45309"><num>(3)</num><intro><p>The property is not to be realised—</p></intro><level class="para1"><num>(a)</num><content><p>before the end of the period within which an appeal may be made (whether under section <ref href="#d28e45137">303Z47</ref> or otherwise), or</p></content></level><level class="para1"><num>(b)</num><content><p>if an appeal is made within that period, before the appeal is determined or otherwise disposed of.</p></content></level></subsection><subsection><num>(4)</num><content><p>The realisation of property under subsection <ref href="#d28e45282">(2)</ref> must be carried out, so far as practicable, in the manner best calculated to maximise the amount obtained for the property.</p></content></subsection><subsection eId="d28e45339"><num>(5)</num><intro><p>Where an enforcement officer is satisfied that—</p></intro><level class="para1"><num>(a)</num><content><p>it is not reasonably practicable to realise any cryptoasset, or</p></content></level><level class="para1"><num>(b)</num><content><p>there are reasonable grounds to believe that the realisation of any cryptoasset would be contrary to the public interest,</p></content></level><wrapUp><p>the enforcement officer may destroy the cryptoasset.</p></wrapUp></subsection><subsection><num>(6)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>the enforcement officer may destroy the cryptoasset only if the officer is a senior officer or is authorised to do so by a senior officer, and</p></content></level><level class="para1"><num>(b)</num><intro><p>the cryptoasset is not to be destroyed—</p></intro><level class="para2"><num>(i)</num><content><p>before the end of the period within which an appeal may be made (whether under section <ref href="#d28e45137">303Z47</ref> or otherwise), or</p></content></level><level class="para2"><num>(ii)</num><content><p>if an appeal is made within that period, before the appeal is determined or otherwise disposed of.</p></content></level></level></subsection><subsection><num>(7)</num><content><p>The question of whether the realisation of the cryptoasset would be contrary to the public interest is to be determined with particular reference to how likely it is that the entry of the cryptoasset into general circulation would facilitate criminal conduct by any person.</p></content></subsection></section><section eId="d28e45401"><num>303Z49</num><heading>Proceeds of realisation</heading><subsection><num>(1)</num><content><p>This section applies where any cryptoasset or other item of property is realised under section <ref href="#d28e45272">303Z48</ref>.</p></content></subsection><subsection><num>(2)</num><intro><p>The proceeds of the realisation must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, they must be applied in making any payment required to be made by virtue of section <ref href="#d28e44767">303Z45</ref><ref href="#d28e44917">(9)</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>second, they must be applied in making any payment of legal expenses which, after giving effect to section <ref href="#d28e43897">303Z41</ref><ref href="#d28e44015">(6)</ref> (including as applied by section <ref href="#d28e44767">303Z45</ref><ref href="#d28e44838">(5)</ref>), are payable under this subsection in pursuance of provision under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43991">(5)</ref> or, as the case may be, <ref href="#d28e44767">303Z45</ref><ref href="#d28e44819">(4)</ref>;</p></content></level><level class="para1" eId="d28e45458"><num>(c)</num><content><p>third, they must be applied in payment or reimbursement of any reasonable costs incurred in storing or insuring the property whilst detained under this Part and in realising the property;</p></content></level><level class="para1"><num>(d)</num><intro><p>fourth, they must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if the property was forfeited by a magistrates’ court or the High Court, into the Consolidated Fund;</p></content></level><level class="para2"><num>(ii)</num><content><p>if the property was forfeited by the sheriff or the Court of Session, into the Scottish Consolidated Fund.</p></content></level></level></subsection><subsection><num>(3)</num><content><p>If what is realised under section <ref href="#d28e45272">303Z48</ref> represents part only of an item of property, the reference in subsection <ref href="#d28e45458">(2)(c)</ref> to costs incurred in storing or insuring the property is to be read as a reference to costs incurred in storing or insuring the whole of the property.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Supplementary</heading><section><num>303Z50</num><heading>Victims and other owners: detained cryptoassets</heading><subsection eId="d28e45504"><num>(1)</num><content><p>A person who claims that any cryptoassets detained under this Part belong to the person may apply for some or all of the cryptoassets to be released.</p></content></subsection><subsection><num>(2)</num><intro><p>An application under subsection <ref href="#d28e45504">(1)</ref> is to be made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, to the sheriff.</p></content></level></subsection><subsection><num>(3)</num><content><p>The application may be made in the course of proceedings under section <ref href="#d28e42850">303Z32</ref> or <ref href="#d28e43897">303Z41</ref> or at any other time.</p></content></subsection><subsection><num>(4)</num><intro><p>The court or sheriff may order the cryptoassets to which the application relates to be released to the applicant if it appears to the court or sheriff that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the cryptoassets to which the application relates, or of property which they represent, by unlawful conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, recoverable property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the cryptoassets belong to the applicant.</p></content></level></subsection><subsection eId="d28e45567"><num>(5)</num><content><p>If subsection <ref href="#d28e45576">(6)</ref> applies, the court or sheriff may order the cryptoassets to which the application relates to be released to the applicant or to the person from whom they were seized.</p></content></subsection><subsection eId="d28e45576"><num>(6)</num><intro><p>This subsection applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the cryptoassets to which the application relates were seized,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the court or sheriff that those cryptoassets belong to the applicant,</p></content></level><level class="para1"><num>(c)</num><content><p>the court or sheriff is satisfied that the release condition is met in relation to those cryptoassets, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under subsection <ref href="#d28e45567">(5)</ref> has been made by the person from whom those cryptoassets were seized.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>if the conditions in Chapter 3C for the detention of the cryptoassets are no longer met, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to cryptoassets which are subject to an application for forfeiture under section <ref href="#d28e43897">303Z41</ref>, if the court or sheriff decides not to make an order under that section in relation to the cryptoassets.</p></content></level></subsection></section><section><num>303Z51</num><heading>Victims and other owners: crypto wallet freezing orders</heading><subsection eId="d28e45637"><num>(1)</num><content><p>A person who claims that any cryptoassets held in a crypto wallet in respect of which a crypto wallet freezing order has effect belong to the person may apply for some or all of the cryptoassets to be released.</p></content></subsection><subsection><num>(2)</num><intro><p>An application under subsection <ref href="#d28e45637">(1)</ref> is to be made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, to the sheriff.</p></content></level></subsection><subsection><num>(3)</num><content><p>The application may be made in the course of proceedings under section <ref href="#d28e43582">303Z37</ref> or <ref href="#d28e43897">303Z41</ref> or at any other time.</p></content></subsection><subsection eId="d28e45676"><num>(4)</num><intro><p>The court or sheriff may, subject to subsection (8), order the cryptoassets to which the application relates to be released to the applicant if it appears to the court or sheriff that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the cryptoassets to which the application relates, or of property which they represent, by unlawful conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, recoverable property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the cryptoassets belong to the applicant.</p></content></level></subsection><subsection eId="d28e45700"><num>(5)</num><content><p>If subsection <ref href="#d28e45709">(6)</ref> applies, the court or sheriff may, subject to subsection (8), order the cryptoassets to which the application relates to be released to the applicant.</p></content></subsection><subsection eId="d28e45709"><num>(6)</num><intro><p>This subsection applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the cryptoassets to which the application relates were seized,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the court or sheriff that those cryptoassets belong to the applicant,</p></content></level><level class="para1"><num>(c)</num><content><p>the court or sheriff is satisfied that the release condition is met in relation to those cryptoassets, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under subsection <ref href="#d28e45700">(5)</ref> has been made by the person from whom those cryptoassets were seized.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>if the conditions for the making of the crypto wallet freezing order are no longer met in relation to the cryptoassets to which the application relates, or</p></content></level><level class="para1" eId="d28e45754"><num>(b)</num><content><p>in relation to cryptoassets held in a crypto wallet subject to a crypto wallet freezing order which are subject to an application for forfeiture under section <ref href="#d28e43897">303Z41</ref>, if the court or sheriff decides not to make an order under that section in relation to the cryptoassets.</p></content></level></subsection><subsection><num>(8)</num><content><p>If an application under section 303Z41 is made for the forfeiture of the cryptoassets, the cryptoassets are not to be released under this section until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.</p></content></subsection><subsection><num>(9)</num><content><p>In relation to cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order, references in this section to a person from whom cryptoassets were seized include a reference to a person by or for whom the crypto wallet was administered immediately before the crypto wallet freezing order was made.</p></content></subsection></section><section eId="d28e45778"><num>303Z52</num><heading>Compensation</heading><subsection><num>(1)</num><content><p>This section applies if no order is made under section <ref href="#d28e43897">303Z41</ref>, <ref href="#d28e44502">303Z44</ref> or <ref href="#d28e44767">303Z45</ref> in respect of cryptoassets detained under this Part or held in a crypto wallet that is subject to a crypto wallet freezing order under section <ref href="#d28e43582">303Z37</ref>.</p></content></subsection><subsection><num>(2)</num><intro><p>Where this section applies, the following may make an application to the relevant court for compensation—</p></intro><level class="para1"><num>(a)</num><content><p>a person to whom the cryptoassets belong or from whom they were seized, or</p></content></level><level class="para1"><num>(b)</num><content><p>a person by or for whom a crypto wallet to which the crypto wallet freezing order applies is administered.</p></content></level></subsection><subsection><num>(3)</num><content><p>If the relevant court is satisfied that the applicant has suffered loss as a result of the detention of the cryptoassets or the making of the crypto wallet freezing order and that the circumstances are exceptional, the relevant court may order compensation to be paid to the applicant.</p></content></subsection><subsection><num>(4)</num><content><p>The amount of compensation to be paid is the amount the relevant court thinks reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subsection><subsection><num>(5)</num><content><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by an officer of Revenue and Customs, the compensation is to be paid by the Commissioners for His Majesty’s Revenue and Customs.</p></content></subsection><subsection><num>(6)</num><intro><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by a constable, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a constable of a police force in England and Wales, it is to be paid out of the police fund from which the expenses of the police force are met;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of a constable of the Police Service of Scotland, it is to be paid by the Scottish Police Authority;</p></content></level><level class="para1"><num>(c)</num><content><p>in the case of a police officer within the meaning of the Police (Northern Ireland) Act 2000, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland.</p></content></level></subsection><subsection><num>(7)</num><content><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by an SFO officer, the compensation is to be paid by the Director of the Serious Fraud Office.</p></content></subsection><subsection><num>(8)</num><content><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by a National Crime Agency officer, the compensation is to be paid by the National Crime Agency.</p></content></subsection><subsection eId="d28e45872"><num>(9)</num><intro><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by an accredited financial investigator who was not an officer of Revenue and Customs, a constable, an SFO officer or a National Crime Agency officer, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><intro><p>in the case of an investigator who was—</p></intro><level class="para2"><num>(i)</num><content><p>a member of the civilian staff of a police force (including the metropolitan police force), within the meaning of Part 1 of the Police Reform and Social Responsibility Act 2011, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a member of staff of the City of London police force,</p></content></level><wrapUp><p>it is to be paid out of the police fund from which the expenses of the police force are met,</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>in the case of an investigator who was a member of staff of the Police Service of Northern Ireland, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland,</p></content></level><level class="para1"><num>(c)</num><content><p>in the case of an investigator who was a member of staff of a department of the Government of the United Kingdom, it is to be paid by the Minister of the Crown in charge of the department or by the department,</p></content></level><level class="para1"><num>(d)</num><content><p>in the case of an investigator who was a member of staff of a Northern Ireland department, it is to be paid by the department,</p></content></level><level class="para1"><num>(e)</num><content><p>in the case of an investigator who was exercising a function of the Welsh Revenue Authority, it is to be paid by the Welsh Revenue Authority, and</p></content></level><level class="para1"><num>(f)</num><content><p>in any other case, it is to be paid by the employer of the investigator.</p></content></level></subsection><subsection eId="d28e45928"><num>(10)</num><content><p>The Secretary of State may by regulations amend subsection <ref href="#d28e45872">(9)</ref>.</p></content></subsection><subsection><num>(11)</num><intro><p>The power in subsection <ref href="#d28e45928">(10)</ref> is exercisable by the Department of Justice (and not by the Secretary of State) so far as it may be used to make provision that—</p></intro><level class="para1"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level><level class="para1"><num>(b)</num><content><p>would not, if contained in a Bill for an Act of the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State.</p></content></level></subsection><subsection><num>(12)</num><content><p>If an order under section <ref href="#d28e43582">303Z37</ref>, <ref href="#d28e43897">303Z41</ref>, <ref href="#d28e44502">303Z44</ref> or <ref href="#d28e44767">303Z45</ref> is made in respect of some of the cryptoassets detained or held, this section has effect in relation to the remainder.</p></content></subsection><subsection><num>(13)</num><intro><p>In this section “<term refersTo="#term-relevant-court">relevant court</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, a magistrates’ court, and</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, the sheriff.</p></content></level></subsection></section><section><num>303Z53</num><heading>Powers for prosecutors to appear in proceedings</heading><subsection eId="d28e46005"><num>(1)</num><intro><p>The Director of Public Prosecutions or the Director of Public Prosecutions for Northern Ireland may appear for a constable or an accredited financial investigator in proceedings under this Chapter if the Director—</p></intro><level class="para1"><num>(a)</num><content><p>is asked by, or on behalf of, a constable or (as the case may be) an accredited financial investigator to do so, and</p></content></level><level class="para1"><num>(b)</num><content><p>considers it appropriate to do so.</p></content></level></subsection><subsection eId="d28e46023"><num>(2)</num><intro><p>The Director of Public Prosecutions may appear for the Commissioners for His Majesty’s Revenue and Customs or an officer of Revenue and Customs in proceedings under this Chapter if the Director—</p></intro><level class="para1"><num>(a)</num><content><p>is asked by, or on behalf of, the Commissioners for His Majesty’s Revenue and Customs or (as the case may be) an officer of Revenue and Customs to do so, and</p></content></level><level class="para1"><num>(b)</num><content><p>considers it appropriate to do so.</p></content></level></subsection><subsection><num>(3)</num><content><p>The Directors may charge fees for the provision of services under this section.</p></content></subsection><subsection><num>(4)</num><content><p>The references in subsection <ref href="#d28e46005">(1)</ref> to an accredited financial investigator do not include an accredited financial investigator who is an officer of Revenue and Customs but the references in subsection <ref href="#d28e46023">(2)</ref> to an officer of Revenue and Customs do include an accredited financial investigator who is an officer of Revenue and Customs.</p></content></subsection></section></hcontainer></chapter><chapter><num>CHAPTER 3F</num><heading>Conversion of cryptoassets</heading><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Conversion</heading><section eId="d28e46070"><num>303Z54</num><heading>Detained cryptoassets: conversion</heading><subsection><num>(1)</num><content><p>Subsection <ref href="#d28e46089">(2)</ref> applies while any cryptoassets are detained in pursuance of an order under section <ref href="#d28e42730">303Z30</ref> or <ref href="#d28e42850">303Z32</ref> (including where cryptoassets are subject to forfeiture proceedings).</p></content></subsection><subsection eId="d28e46089"><num>(2)</num><content><p>A person within subsection <ref href="#d28e46098">(3)</ref> may apply to the relevant court for an order requiring all of the cryptoassets detained pursuant to the order to be converted into money.</p></content></subsection><subsection eId="d28e46098"><num>(3)</num><intro><p>The following persons are within this subsection—</p></intro><level class="para1"><num>(a)</num><content><p>an enforcement officer;</p></content></level><level class="para1"><num>(b)</num><content><p>a person from whom the cryptoassets were seized.</p></content></level></subsection><subsection><num>(4)</num><content><p>In deciding whether to make an order under this section, the court must have regard to whether the cryptoassets (as a whole) are likely to suffer a significant loss in value during the period before they are released or forfeited (including the period during which an appeal against an order for forfeiture may be made).</p></content></subsection><subsection><num>(5)</num><intro><p>Before making an order under this section the court must give an opportunity to be heard to—</p></intro><level class="para1"><num>(a)</num><content><p>the parties to the proceedings, and</p></content></level><level class="para1"><num>(b)</num><content><p>any other person who may be affected by its decision.</p></content></level></subsection><subsection eId="d28e46140"><num>(6)</num><content><p>As soon as practicable after an order is made under this section, an enforcement officer must convert the cryptoassets, or arrange for the cryptoassets to be converted, into money.</p></content></subsection><subsection><num>(7)</num><content><p>The conversion of cryptoassets under subsection <ref href="#d28e46140">(6)</ref> must be carried out, so far as practicable, in the manner best calculated to maximise the amount of money obtained for the cryptoassets.</p></content></subsection><subsection><num>(8)</num><content><p>At the first opportunity after the cryptoassets are converted, the enforcement officer must arrange for the amount of money obtained for the cryptoassets to be paid into an interest-bearing account and held there.</p></content></subsection><subsection><num>(9)</num><content><p>Interest accruing on the amount is to be added to it on its forfeiture or release.</p></content></subsection><subsection><num>(10)</num><intro><p>Where cryptoassets are converted into money in accordance with an order made under this section—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoassets are no longer to be treated as being detained in pursuance of an order under section <ref href="#d28e42730">303Z30</ref> or <ref href="#d28e42850">303Z32</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>any application made under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43922">(2)</ref> in relation to the cryptoassets which has not yet been determined or otherwise disposed of (including under section <ref href="#d28e44502">303Z44</ref> or <ref href="#d28e44767">303Z45</ref>) is to be treated as if it were an application made under section <ref href="#d28e47107">303Z60</ref><ref href="#d28e47123">(2)</ref> in relation to the converted cryptoassets.</p></content></level></subsection><subsection><num>(11)</num><content><p>An order made under this section must provide for notice to be given to persons affected by the order.</p></content></subsection><subsection><num>(12)</num><content><p>No appeal may be made against an order made under this section.</p></content></subsection></section><section eId="d28e46223"><num>303Z55</num><heading>Frozen crypto wallet: conversion</heading><subsection><num>(1)</num><content><p>This section applies while a crypto wallet freezing order under section <ref href="#d28e43582">303Z37</ref> has effect (including where cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order are subject to forfeiture proceedings).</p></content></subsection><subsection><num>(2)</num><content><p>A person within subsection <ref href="#d28e46245">(3)</ref> may apply to the relevant court for an order requiring all of the cryptoassets held in the crypto wallet to be converted into money.</p></content></subsection><subsection eId="d28e46245"><num>(3)</num><intro><p>The following persons are within this subsection—</p></intro><level class="para1"><num>(a)</num><content><p>an enforcement officer;</p></content></level><level class="para1"><num>(b)</num><content><p>a person by or for whom the crypto wallet is administered.</p></content></level></subsection><subsection><num>(4)</num><intro><p>In deciding whether to make an order under this section, the court must have regard to whether the cryptoassets (as a whole) are likely to suffer a significant loss in value during the period before—</p></intro><level class="para1"><num>(a)</num><content><p>the crypto wallet freezing order ceases to have effect, or</p></content></level><level class="para1"><num>(b)</num><content><p>the cryptoassets are forfeited (including the period during which an appeal against an order for forfeiture may be made).</p></content></level></subsection><subsection><num>(5)</num><intro><p>Before making an order under this section the court must give an opportunity to be heard to—</p></intro><level class="para1"><num>(a)</num><content><p>the parties to the proceedings, and</p></content></level><level class="para1"><num>(b)</num><content><p>any other person who may be affected by its decision.</p></content></level></subsection><subsection eId="d28e46299"><num>(6)</num><content><p>As soon as practicable after an order is made under this section, the UK-connected cryptoasset service provider that administers the crypto wallet must convert the cryptoassets, or arrange for the cryptoassets to be converted, into money.</p></content></subsection><subsection><num>(7)</num><content><p>The conversion of cryptoassets under subsection <ref href="#d28e46299">(6)</ref> must be carried out, so far as practicable, in the manner best calculated to maximise the amount of money obtained for the cryptoassets.</p></content></subsection><subsection><num>(8)</num><content><p>At the first opportunity after the cryptoassets are converted, the UK-connected cryptoasset service provider must arrange for the amount of money obtained for the cryptoassets to be paid into an interest-bearing account nominated by an enforcement officer and held there.</p></content></subsection><subsection><num>(9)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>the UK-connected cryptoasset service provider may deduct any reasonable expenses incurred by the provider in connection with the conversion of the cryptoassets, and</p></content></level><level class="para1"><num>(b)</num><content><p>the amount to be treated as the proceeds of the conversion of the cryptoassets is to be reduced accordingly.</p></content></level></subsection><subsection><num>(10)</num><content><p>Interest accruing on the amount obtained for the cryptoassets is to be added to it on its forfeiture or release.</p></content></subsection><subsection><num>(11)</num><intro><p>Where cryptoassets are converted in accordance with an order made under this section—</p></intro><level class="para1"><num>(a)</num><content><p>the crypto wallet freezing order ceases to have effect,</p></content></level><level class="para1" eId="d28e46356"><num>(b)</num><content><p>any application made under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43922">(2)</ref> in relation to the cryptoassets which has not yet been determined or otherwise disposed of (including under section <ref href="#d28e44502">303Z44</ref> or <ref href="#d28e44767">303Z45</ref>) is to be treated as if it were an application made under section <ref href="#d28e47107">303Z60</ref><ref href="#d28e47123">(2)</ref> in relation to the converted cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><content><p>any application made under section <ref href="#d28e45028">303Z46</ref><ref href="#d28e45077">(2)</ref> in relation to the crypto wallet which has not yet been determined or otherwise disposed of may not be proceeded with.</p></content></level></subsection><subsection><num>(12)</num><content><p>An order made under this section must provide for notice to be given to persons affected by the order.</p></content></subsection><subsection><num>(13)</num><content><p>No appeal may be made against an order made under this section.</p></content></subsection></section><section><num>303Z56</num><heading>Conversion: existing forfeiture proceedings</heading><subsection eId="d28e46409"><num>(1)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets are forfeited under section <ref href="#d28e43897">303Z41</ref> or <ref href="#d28e44767">303Z45</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>before the cryptoassets are realised or destroyed in accordance with section <ref href="#d28e45272">303Z48</ref>, an order is made under section <ref href="#d28e46070">303Z54</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>section <ref href="#d28e47270">303Z62</ref><ref href="#d28e47274">(1)</ref> applies in relation to the converted cryptoassets as if they had been detained under section <ref href="#d28e46618">303Z57</ref> and forfeited under section <ref href="#d28e47107">303Z60</ref> (and accordingly section <ref href="#d28e45272">303Z48</ref> ceases to apply).</p></wrapUp></subsection><subsection eId="d28e46455"><num>(2)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets are forfeited under section <ref href="#d28e43897">303Z41</ref> or <ref href="#d28e44767">303Z45</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>before the cryptoassets are realised or destroyed in accordance with section <ref href="#d28e45272">303Z48</ref>, an order is made under section <ref href="#d28e46223">303Z55</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>section <ref href="#d28e47270">303Z62</ref><ref href="#d28e47332">(2)</ref> applies in relation to the converted cryptoassets as if they had been detained under section <ref href="#d28e46805">303Z58</ref> and forfeited under section <ref href="#d28e47107">303Z60</ref> (and accordingly section <ref href="#d28e45272">303Z48</ref> ceases to apply).</p></wrapUp></subsection><subsection><num>(3)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>an appeal may be made under section <ref href="#d28e45137">303Z47</ref><ref href="#d28e45141">(1)</ref> or <ref href="#d28e45210">(2)</ref> in relation to the determination of an application under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43922">(2)</ref> for the forfeiture of cryptoassets (including where section <ref href="#d28e44502">303Z44</ref> or <ref href="#d28e44767">303Z45</ref> applies), and</p></content></level><level class="para1"><num>(b)</num><content><p>an order is made under section <ref href="#d28e46070">303Z54</ref> or <ref href="#d28e46223">303Z55</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>the appeal may instead be made under section <ref href="#d28e47215">303Z61</ref> (within the time allowed by section <ref href="#d28e45137">303Z47</ref><ref href="#d28e45251">(4)</ref>) as if it were an appeal against the determination of an application under section <ref href="#d28e47107">303Z60</ref>.</p></wrapUp></subsection><subsection><num>(4)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>an appeal is made under section <ref href="#d28e45137">303Z47</ref><ref href="#d28e45141">(1)</ref> or <ref href="#d28e45210">(2)</ref> in relation to the determination of an application under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43922">(2)</ref> for the forfeiture of cryptoassets (including where section <ref href="#d28e44502">303Z44</ref> or <ref href="#d28e44767">303Z45</ref> applies), and</p></content></level><level class="para1"><num>(b)</num><content><p>before the appeal is determined or otherwise disposed of, an order is made under section <ref href="#d28e46070">303Z54</ref> or <ref href="#d28e46223">303Z55</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>the appeal is to be treated as if it had been made under section <ref href="#d28e47215">303Z61</ref><ref href="#d28e47219">(1)</ref> in relation to the determination of an application under section <ref href="#d28e47107">303Z60</ref> for the forfeiture of the converted cryptoassets.</p></wrapUp></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Detention</heading><section eId="d28e46618"><num>303Z57</num><heading>Detained cryptoassets: detention of proceeds of conversion</heading><subsection eId="d28e46622"><num>(1)</num><content><p>This section applies where cryptoassets are converted into money in accordance with an order under section <ref href="#d28e46070">303Z54</ref>.</p></content></subsection><subsection eId="d28e46631"><num>(2)</num><content><p>The proceeds of the conversion (the “converted cryptoassets”) may be detained initially until the end of the period that the cryptoassets could, immediately before the conversion, have been detained under Chapter 3C (ignoring the possibility of any extension of that period).</p></content></subsection><subsection eId="d28e46637"><num>(3)</num><content><p>The period for which the converted cryptoassets may be detained may be extended by an order made by the relevant court.</p></content></subsection><subsection eId="d28e46643"><num>(4)</num><content><p>An order under subsection <ref href="#d28e46637">(3)</ref> may not authorise the detention of the converted cryptoassets beyond the end of the period of 2 years beginning with the relevant date; but this is subject to subsection <ref href="#d28e46655">(5)</ref>.</p></content></subsection><subsection eId="d28e46655"><num>(5)</num><content><p>The relevant court may make an order for the period of 2 years in subsection <ref href="#d28e46643">(4)</ref> to be extended to a period of up to 3 years beginning with the relevant date.</p></content></subsection><subsection><num>(6)</num><content><p>In subsections <ref href="#d28e46643">(4)</ref> and <ref href="#d28e46655">(5)</ref> “<term refersTo="#term-the-relevant-date">the relevant date</term>” means the date on which the first order under section <ref href="#d28e42730">303Z30</ref> or <ref href="#d28e42850">303Z32</ref> (as the case may be) was made in relation to the cryptoassets.</p></content></subsection><subsection><num>(7)</num><intro><p>An application for an order under subsection <ref href="#d28e46637">(3)</ref> or <ref href="#d28e46655">(5)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><intro><p>in relation to England and Wales and Northern Ireland, by—</p></intro><level class="para2"><num>(i)</num><content><p>the Commissioners for His Majesty’s Revenue and Customs,</p></content></level><level class="para2"><num>(ii)</num><content><p>a constable,</p></content></level><level class="para2"><num>(iii)</num><content><p>an SFO officer, or</p></content></level><level class="para2"><num>(iv)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453, and</p></content></level></level><level class="para1" eId="d28e46727"><num>(b)</num><content><p>in relation to Scotland, by the Scottish Ministers in connection with their functions under section <ref href="#d28e43897">303Z41</ref> or by a procurator fiscal.</p></content></level></subsection><subsection eId="d28e46736"><num>(8)</num><intro><p>The relevant court may make an order under subsection <ref href="#d28e46637">(3)</ref> only if satisfied that there are reasonable grounds for suspecting that the converted cryptoassets to be further detained—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection eId="d28e46757"><num>(9)</num><content><p>The relevant court may make an order under subsection <ref href="#d28e46655">(5)</ref> only if satisfied that a request for assistance is outstanding in relation to the cryptoassets mentioned in subsection <ref href="#d28e46622">(1)</ref>.</p></content></subsection><subsection><num>(10)</num><intro><p>A “request for assistance” in subsection <ref href="#d28e46757">(9)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the cryptoassets, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an enforcement officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Part, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A (evidence overseas).</p></content></level></subsection></section><section eId="d28e46805"><num>303Z58</num><heading>Frozen crypto wallets: detention of proceeds of conversion</heading><subsection eId="d28e46809"><num>(1)</num><content><p>This section applies where cryptoassets held in a crypto wallet subject to a crypto wallet freezing order are converted into money in accordance with an order under section <ref href="#d28e46223">303Z55</ref>.</p></content></subsection><subsection eId="d28e46818"><num>(2)</num><content><p>The proceeds of the conversion (the “converted cryptoassets”) may be detained initially until the end of the period that the crypto wallet freezing order was, immediately before the conversion, due to have effect under Chapter 3D (ignoring the possibility of any extension of that period).</p></content></subsection><subsection eId="d28e46824"><num>(3)</num><content><p>The period for which the converted cryptoassets may be detained may be extended by an order made by the relevant court.</p></content></subsection><subsection eId="d28e46830"><num>(4)</num><content><p>An order under subsection <ref href="#d28e46824">(3)</ref> may not authorise the detention of the converted cryptoassets beyond the end of the period of 2 years beginning with the day on which the crypto wallet freezing order was made; but this is subject to subsection <ref href="#d28e46655">(5)</ref>.</p></content></subsection><subsection eId="d28e46842"><num>(5)</num><content><p>The relevant court may make an order for the period of 2 years in subsection <ref href="#d28e46830">(4)</ref> to be extended to a period of up to 3 years beginning with the day on which the crypto wallet freezing order was made.</p></content></subsection><subsection><num>(6)</num><intro><p>An application for an order under subsection <ref href="#d28e46824">(3)</ref> or <ref href="#d28e46842">(5)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><intro><p>in relation to England and Wales and Northern Ireland, by—</p></intro><level class="para2"><num>(i)</num><content><p>the Commissioners for His Majesty’s Revenue and Customs,</p></content></level><level class="para2"><num>(ii)</num><content><p>a constable,</p></content></level><level class="para2"><num>(iii)</num><content><p>an SFO officer, or</p></content></level><level class="para2"><num>(iv)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453, and</p></content></level></level><level class="para1" eId="d28e46893"><num>(b)</num><content><p>in relation to Scotland, by the Scottish Ministers in connection with their functions under section <ref href="#d28e43897">303Z41</ref> or by a procurator fiscal.</p></content></level></subsection><subsection eId="d28e46902"><num>(7)</num><intro><p>The relevant court may make an order under subsection <ref href="#d28e46824">(3)</ref> only if satisfied that there are reasonable grounds for suspecting that the converted cryptoassets to be further detained—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection eId="d28e46923"><num>(8)</num><content><p>The relevant court may make an order under subsection <ref href="#d28e46842">(5)</ref> only if satisfied that a request for assistance is outstanding in relation to the cryptoassets mentioned in subsection <ref href="#d28e46622">(1)</ref>.</p></content></subsection><subsection><num>(9)</num><intro><p>A “request for assistance” in subsection <ref href="#d28e46923">(8)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the cryptoassets, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an enforcement officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Part, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A (evidence overseas).</p></content></level></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Release</heading><section><num>303Z59</num><heading>Release of detained converted cryptoassets</heading><subsection><num>(1)</num><content><p>This section applies while any converted cryptoassets are detained under section <ref href="#d28e46618">303Z57</ref> or <ref href="#d28e46805">303Z58</ref>.</p></content></subsection><subsection eId="d28e46990"><num>(2)</num><content><p>The relevant court may direct the release of the whole or any part of the converted cryptoassets if the following condition is met.</p></content></subsection><subsection eId="d28e46996"><num>(3)</num><intro><p>The condition is that, on an application by the relevant person, the court is not satisfied that there are reasonable grounds for suspecting that the converted cryptoassets to be released—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection eId="d28e47014"><num>(4)</num><intro><p>In subsection <ref href="#d28e46996">(3)</ref> “<term refersTo="#term-the-relevant-person">the relevant person</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of converted cryptoassets detained under section <ref href="#d28e46618">303Z57</ref>, the person from whom the cryptoassets mentioned in subsection <ref href="#d28e46622">(1)</ref> of that section were seized, and</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of converted cryptoassets detained under section <ref href="#d28e46805">303Z58</ref>, any person affected by the crypto wallet freezing order mentioned in subsection <ref href="#d28e46809">(1)</ref> of that section.</p></content></level></subsection><subsection eId="d28e47050"><num>(5)</num><content><p>A person within subsection <ref href="#d28e47059">(6)</ref> may, after notifying the magistrates’ court or sheriff under whose order converted cryptoassets are being detained, release the whole or any part of the converted cryptoassets if satisfied that the detention is no longer justified.</p></content></subsection><subsection eId="d28e47059"><num>(6)</num><intro><p>The following persons are within this subsection—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales or Northern Ireland, an enforcement officer;</p></content></level><level class="para1"><num>(b)</num><intro><p>in relation to Scotland—</p></intro><level class="para2"><num>(i)</num><content><p>the Scottish Ministers,</p></content></level><level class="para2"><num>(ii)</num><content><p>an officer of Revenue and Customs,</p></content></level><level class="para2"><num>(iii)</num><content><p>a constable, and</p></content></level><level class="para2"><num>(iv)</num><content><p>a procurator fiscal.</p></content></level></level></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Forfeiture</heading><section eId="d28e47107"><num>303Z60</num><heading>Forfeiture order</heading><subsection><num>(1)</num><content><p>This section applies while any converted cryptoassets are detained under section <ref href="#d28e46618">303Z57</ref> or <ref href="#d28e46805">303Z58</ref>.</p></content></subsection><subsection eId="d28e47123"><num>(2)</num><intro><p>An application for the forfeiture of some or all of the converted cryptoassets may be made—</p></intro><level class="para1" eId="d28e47129"><num>(a)</num><content><p>to a magistrates’ court by a person within subsection <ref href="#d28e47144">(3)</ref>, or</p></content></level><level class="para1"><num>(b)</num><content><p>to the sheriff by the Scottish Ministers.</p></content></level></subsection><subsection eId="d28e47144"><num>(3)</num><intro><p>The following persons are within this subsection—</p></intro><level class="para1"><num>(a)</num><content><p>the Commissioners for His Majesty’s Revenue and Customs,</p></content></level><level class="para1"><num>(b)</num><content><p>a constable,</p></content></level><level class="para1"><num>(c)</num><content><p>an SFO officer, and</p></content></level><level class="para1"><num>(d)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453.</p></content></level></subsection><subsection><num>(4)</num><intro><p>The court or sheriff may order the forfeiture of some or all of the converted cryptoassets if satisfied that the converted cryptoassets to be forfeited—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection><num>(5)</num><content><p>But in the case of recoverable property which belongs to joint tenants, one of whom is an excepted joint owner, the order may not apply to so much of it as the court thinks is attributable to the excepted joint owner’s share.</p></content></subsection><subsection><num>(6)</num><content><p>Where an application for forfeiture is made under this section, the converted cryptoassets are to continue to be detained under section <ref href="#d28e46618">303Z57</ref> or <ref href="#d28e46805">303Z58</ref> (and may not be released under any power conferred by this Chapter) until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.</p></content></subsection></section><section eId="d28e47215"><num>303Z61</num><heading>Appeal against decision under section <ref href="#d28e47107">303Z60</ref></heading><subsection eId="d28e47219"><num>(1)</num><intro><p>Any party to proceedings for an order for the forfeiture of converted cryptoassets under section <ref href="#d28e47107">303Z60</ref> who is aggrieved by an order under that section or by the decision of the court not to make such an order may appeal—</p></intro><level class="para1"><num>(a)</num><content><p>from an order or decision of a magistrates’ court in England and Wales, to the Crown Court;</p></content></level><level class="para1"><num>(b)</num><content><p>from an order or decision of the sheriff, to the Sheriff Appeal Court;</p></content></level><level class="para1"><num>(c)</num><content><p>from an order or decision of a magistrates’ court in Northern Ireland, to a county court.</p></content></level></subsection><subsection><num>(2)</num><content><p>An appeal under subsection <ref href="#d28e47219">(1)</ref> must be made before the end of the period of 30 days starting with the day on which the court makes the order or decision.</p></content></subsection><subsection><num>(3)</num><content><p>The court hearing the appeal may make any order it thinks appropriate.</p></content></subsection><subsection><num>(4)</num><content><p>If the court upholds an appeal against an order forfeiting the converted cryptoassets, it may order the release of some or all of the converted cryptoassets.</p></content></subsection></section><section eId="d28e47270"><num>303Z62</num><heading>Application of forfeited converted cryptoassets</heading><subsection eId="d28e47274"><num>(1)</num><intro><p>Converted cryptoassets detained under section <ref href="#d28e46618">303Z57</ref> and forfeited under section <ref href="#d28e47107">303Z60</ref>, and any accrued interest on them, must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, they must be applied in making any payment of reasonable expenses incurred by an enforcement officer in connection with the safe storage of the cryptoassets mentioned in section <ref href="#d28e46618">303Z57</ref><ref href="#d28e46622">(1)</ref> during the period the cryptoassets were detained under Chapter 3C;</p></content></level><level class="para1"><num>(b)</num><content><p>second, they must be applied in making any payment of reasonable expenses incurred by an enforcement officer in connection with the conversion of those cryptoassets under section <ref href="#d28e46070">303Z54</ref><ref href="#d28e46140">(6)</ref>;</p></content></level><level class="para1"><num>(c)</num><content><p>third, they must be applied in making any payment of reasonable expenses incurred by an enforcement officer in connection with the detention of the converted cryptoassets under this Chapter;</p></content></level><level class="para1"><num>(d)</num><intro><p>fourth, they must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if forfeited by a magistrates’ court in England and Wales or Northern Ireland, into the Consolidated Fund, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if forfeited by the sheriff, into the Scottish Consolidated Fund.</p></content></level></level></subsection><subsection eId="d28e47332"><num>(2)</num><intro><p>Converted cryptoassets detained under section <ref href="#d28e46805">303Z58</ref> and forfeited under section <ref href="#d28e47107">303Z60</ref>, and any accrued interest on them, must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, they must be applied in making any payment of reasonable expenses incurred by an enforcement officer in connection with the detention of the converted cryptoassets under this Chapter;</p></content></level><level class="para1"><num>(b)</num><intro><p>second, they must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if forfeited by a magistrates’ court in England and Wales or Northern Ireland, into the Consolidated Fund, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if forfeited by the sheriff, into the Scottish Consolidated Fund.</p></content></level></level></subsection><subsection eId="d28e47368"><num>(3)</num><intro><p>But converted cryptoassets are not to be applied or paid under subsection <ref href="#d28e47219">(1)</ref> or <ref href="#d28e47332">(2)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>before the end of the period within which an appeal under section <ref href="#d28e47215">303Z61</ref> may be made, or</p></content></level><level class="para1"><num>(b)</num><content><p>if a person appeals under that section, before the appeal is determined or otherwise disposed of.</p></content></level></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Supplementary</heading><section><num>303Z63</num><heading>Victims and other owners</heading><subsection><num>(1)</num><content><p>This section applies where converted cryptoassets are detained under this Chapter.</p></content></subsection><subsection><num>(2)</num><intro><p>Where this section applies, a person (“<term refersTo="#term-p">P</term>”) who claims that the relevant cryptoassets belonged to P immediately before—</p></intro><level class="para1"><num>(a)</num><content><p>the relevant cryptoassets were seized, or</p></content></level><level class="para1" eId="d28e47426"><num>(b)</num><content><p>the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held,</p></content></level><wrapUp><p>may apply to the relevant court for some or all of the converted cryptoassets to be released to P.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>The application may be made in the course of proceedings under section <ref href="#d28e46618">303Z57</ref>, <ref href="#d28e46805">303Z58</ref> or <ref href="#d28e47107">303Z60</ref> or at any other time.</p></content></subsection><subsection><num>(4)</num><content><p>The relevant court may order the converted cryptoassets to which the application relates to be released to the applicant if it appears to the relevant court that the condition in subsection <ref href="#d28e47458">(5)</ref> is met.</p></content></subsection><subsection eId="d28e47458"><num>(5)</num><intro><p>The condition in this subsection is that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the relevant cryptoassets, or of property which they represent, by unlawful conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the relevant cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, recoverable property, and</p></content></level><level class="para1"><num>(c)</num><intro><p>the relevant cryptoassets belonged to the applicant immediately before—</p></intro><level class="para2"><num>(i)</num><content><p>the relevant cryptoassets were seized, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held.</p></content></level></level></subsection><subsection eId="d28e47494"><num>(6)</num><content><p>If subsection <ref href="#d28e47503">(7)</ref> applies, the relevant court may order the converted cryptoassets to which the application relates to be released to the applicant or to the person from whom the relevant cryptoassets were seized.</p></content></subsection><subsection eId="d28e47503"><num>(7)</num><intro><p>This subsection applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the relevant cryptoassets were seized,</p></content></level><level class="para1"><num>(b)</num><intro><p>it appears to the relevant court that the relevant cryptoassets belonged to the applicant immediately before—</p></intro><level class="para2"><num>(i)</num><content><p>the relevant cryptoassets were seized, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held,</p></content></level></level><level class="para1"><num>(c)</num><content><p>the relevant court is satisfied that the release condition is met in relation to the converted cryptoassets, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under subsection <ref href="#d28e47494">(6)</ref> has been made by the person from whom the relevant cryptoassets were seized.</p></content></level></subsection><subsection><num>(8)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>if the conditions in this Chapter for the detention of the converted cryptoassets are no longer met, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to converted cryptoassets which are subject to an application for forfeiture under section <ref href="#d28e47107">303Z60</ref>, if the court or sheriff decides not to make an order under that section in relation to the converted cryptoassets.</p></content></level></subsection><subsection><num>(9)</num><content><p>Where subsection <ref href="#d28e47426">(2)(b)</ref> applies, references in this section to a person from whom relevant cryptoassets were seized include a reference to a person by or for whom the crypto wallet mentioned in that provision was administered immediately before the crypto wallet freezing order was made in relation to the crypto wallet.</p></content></subsection><subsection><num>(10)</num><intro><p>In this section “<term refersTo="#term-the-relevant-cryptoassets">the relevant cryptoassets</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to converted cryptoassets detained under section <ref href="#d28e46618">303Z57</ref>, some or all of the cryptoassets mentioned in subsection <ref href="#d28e46622">(1)</ref> of that section, and</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to converted cryptoassets detained under section <ref href="#d28e46805">303Z58</ref>, some or all of the cryptoassets mentioned in subsection <ref href="#d28e46809">(1)</ref> of that section.</p></content></level></subsection></section><section eId="d28e47614"><num>303Z64</num><heading>Compensation</heading><subsection><num>(1)</num><content><p>This section applies if no order is made under section <ref href="#d28e47107">303Z60</ref> in respect of converted cryptoassets detained under this Chapter.</p></content></subsection><subsection><num>(2)</num><intro><p>Where this section applies, the following may make an application to the relevant court for compensation—</p></intro><level class="para1"><num>(a)</num><content><p>a person to whom the relevant cryptoassets belonged immediately before they were seized;</p></content></level><level class="para1"><num>(b)</num><content><p>a person from whom the relevant cryptoassets were seized;</p></content></level><level class="para1"><num>(c)</num><content><p>a person by or for whom the crypto wallet mentioned in section <ref href="#d28e46805">303Z58</ref><ref href="#d28e46809">(1)</ref> was administered immediately before the crypto wallet freezing order was made in relation to the crypto wallet.</p></content></level></subsection><subsection><num>(3)</num><intro><p>If the relevant court is satisfied that—</p></intro><level class="para1"><num>(a)</num><intro><p>the applicant has suffered loss as a result of—</p></intro><level class="para2"><num>(i)</num><content><p>the conversion of the relevant cryptoassets into money, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the detention of the converted cryptoassets, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>the circumstances are exceptional,</p></content></level><wrapUp><p>the relevant court may order compensation to be paid to the applicant.</p></wrapUp></subsection><subsection><num>(4)</num><content><p>The amount of compensation to be paid is the amount the relevant court thinks reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subsection><subsection><num>(5)</num><content><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by an officer of Revenue and Customs, the compensation is to be paid by the Commissioners for His Majesty’s Revenue and Customs.</p></content></subsection><subsection><num>(6)</num><intro><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by a constable, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a constable of a police force in England and Wales, it is to be paid out of the police fund from which the expenses of the police force are met;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of a constable of the Police Service of Scotland, it is to be paid by the Scottish Police Authority;</p></content></level><level class="para1"><num>(c)</num><content><p>in the case of a police officer within the meaning of the Police (Northern Ireland) Act 2000, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland.</p></content></level></subsection><subsection><num>(7)</num><content><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by an SFO officer, the compensation is to be paid by the Director of the Serious Fraud Office.</p></content></subsection><subsection><num>(8)</num><content><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by a National Crime Agency officer, the compensation is to be paid by the National Crime Agency.</p></content></subsection><subsection eId="d28e47736"><num>(9)</num><intro><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by an accredited financial investigator who was not an officer of Revenue and Customs, a constable, an SFO officer or a National Crime Agency officer, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><intro><p>in the case of an investigator who was—</p></intro><level class="para2"><num>(i)</num><content><p>a member of the civilian staff of a police force (including the metropolitan police force), within the meaning of Part 1 of the Police Reform and Social Responsibility Act 2011, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a member of staff of the City of London police force,</p></content></level><wrapUp><p>it is to be paid out of the police fund from which the expenses of the police force are met,</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>in the case of an investigator who was a member of staff of the Police Service of Northern Ireland, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland,</p></content></level><level class="para1"><num>(c)</num><content><p>in the case of an investigator who was a member of staff of a department of the Government of the United Kingdom, it is to be paid by the Minister of the Crown in charge of the department or by the department,</p></content></level><level class="para1"><num>(d)</num><content><p>in the case of an investigator who was a member of staff of a Northern Ireland department, it is to be paid by the department,</p></content></level><level class="para1"><num>(e)</num><content><p>in the case of an investigator who was exercising a function of the Welsh Revenue Authority, it is to be paid by the Welsh Revenue Authority, and</p></content></level><level class="para1"><num>(f)</num><content><p>in any other case, it is to be paid by the employer of the investigator.</p></content></level></subsection><subsection eId="d28e47792"><num>(10)</num><content><p>The Secretary of State may by regulations amend subsection <ref href="#d28e47736">(9)</ref>.</p></content></subsection><subsection><num>(11)</num><intro><p>The power in subsection <ref href="#d28e47792">(10)</ref> is exercisable by the Department of Justice (and not by the Secretary of State) so far as it may be used to make provision that—</p></intro><level class="para1"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level><level class="para1"><num>(b)</num><content><p>would not, if contained in a Bill for an Act of the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State.</p></content></level></subsection><subsection><num>(12)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-the-relevant-cryptoassets">the relevant cryptoassets</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to converted cryptoassets detained under section <ref href="#d28e46618">303Z57</ref>, the cryptoassets mentioned in subsection <ref href="#d28e46622">(1)</ref> of that section;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to converted cryptoassets detained under section <ref href="#d28e46805">303Z58</ref>, the cryptoassets mentioned in subsection <ref href="#d28e46809">(1)</ref> of that section;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-relevant-crypto-wallet-freezing-order">the relevant crypto wallet freezing order</term>”, in relation to converted cryptoassets detained under section <ref href="#d28e46805">303Z58</ref>, means the crypto wallet freezing order mentioned in subsection <ref href="#d28e46809">(1)</ref> of that section.</p></content></hcontainer></subsection></section><section><num>303Z65</num><heading>Powers for prosecutors to appear in proceedings</heading><subsection eId="d28e47878"><num>(1)</num><intro><p>The Director of Public Prosecutions or the Director of Public Prosecutions for Northern Ireland may appear for a constable or an accredited financial investigator in proceedings under this Chapter if the Director—</p></intro><level class="para1"><num>(a)</num><content><p>is asked by, or on behalf of, a constable or (as the case may be) an accredited financial investigator to do so, and</p></content></level><level class="para1"><num>(b)</num><content><p>considers it appropriate to do so.</p></content></level></subsection><subsection eId="d28e47896"><num>(2)</num><intro><p>The Director of Public Prosecutions may appear for the Commissioners for His Majesty’s Revenue and Customs or an officer of Revenue and Customs in proceedings under this Chapter if the Director—</p></intro><level class="para1"><num>(a)</num><content><p>is asked by, or on behalf of, the Commissioners for His Majesty’s Revenue and Customs or (as the case may be) an officer of Revenue and Customs to do so, and</p></content></level><level class="para1"><num>(b)</num><content><p>considers it appropriate to do so.</p></content></level></subsection><subsection><num>(3)</num><content><p>The Directors may charge fees for the provision of services under this section.</p></content></subsection><subsection><num>(4)</num><content><p>The references in subsection <ref href="#d28e47878">(1)</ref> to an accredited financial investigator do not include an accredited financial investigator who is an officer of Revenue and Customs but the references in subsection <ref href="#d28e47896">(2)</ref> to an officer of Revenue and Customs do include an accredited financial investigator who is an officer of Revenue and Customs.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Interpretation</heading><section><num>303Z66</num><heading>Interpretation</heading><subsection><num>(1)</num><intro><p>In this Chapter—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-converted-cryptoassets">converted cryptoassets</term>” is to be read in accordance with sections <ref href="#d28e46618">303Z57</ref> and <ref href="#d28e46805">303Z58</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet-freezing-order">crypto wallet freezing order</term>” has the same meaning as in Chapter 3D (see section <ref href="#d28e43379">303Z36</ref>);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-enforcement-officer">enforcement officer</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-relevant-court">relevant court</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, a magistrates’ court, and</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, the sheriff;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-financial-institution">relevant financial institution</term>” has the meaning given by section 303Z1(6);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-uk-connected-cryptoasset-service-provider">UK-connected cryptoasset service provider</term>” has the meaning given by section <ref href="#d28e43379">303Z36</ref>.</p></content></hcontainer></subsection><subsection><num>(2)</num><content><p>Section <ref href="#d28e43379">303Z36</ref><ref href="#d28e43443">(4)(b)</ref> applies in relation to this Chapter as it applies in relation to Chapter 3D.</p></content></subsection><subsection><num>(3)</num><intro><p>In this Chapter references to the conversion of cryptoassets into money are references to the conversion of cryptoassets into—</p></intro><level class="para1"><num>(a)</num><content><p>cash, or</p></content></level><level class="para1"><num>(b)</num><content><p>money held in an account maintained with a relevant financial institution.</p></content></level></subsection></section></hcontainer></chapter></quotedStructure></mod></p></content></paragraph></part>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-9-paragraph-1" class="schProv1"><num>1</num><content><p><mod>In Part 5 of the Proceeds of Crime Act 2002 (civil recovery of the proceeds etc of unlawful conduct), after section 303Z19 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><chapter eId="d28e41653"><num>CHAPTER 3C</num><heading>Recovery of cryptoassets: searches, seizure and detention</heading><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Definitions</heading><section eId="d28e41664"><num>303Z20</num><heading>Definitions</heading><subsection><num>(1)</num><intro><p>In this Part—</p></intro><level class="para1"><num>(a)</num><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically;</p></content></level><level class="para1"><num>(b)</num><intro><p>“<term refersTo="#term-crypto-wallet">crypto wallet</term>” means—</p></intro><level class="para2" eId="d28e41692"><num>(i)</num><content><p>software,</p></content></level><level class="para2"><num>(ii)</num><content><p>hardware,</p></content></level><level class="para2" eId="d28e41704"><num>(iii)</num><content><p>a physical item, or</p></content></level><level class="para2"><num>(iv)</num><content><p>any combination of the things mentioned in sub-paragraphs <ref href="#d28e41692">(i)</ref> to <ref href="#d28e41704">(iii)</ref>,</p></content></level><wrapUp><p>which is used to store the cryptographic private key that allows cryptoassets to be accessed.</p></wrapUp></level></subsection><subsection eId="d28e41724"><num>(2)</num><content><p>The Secretary of State may by regulations amend the definitions of “cryptoasset” and “crypto wallet” in this section.</p></content></subsection><subsection eId="d28e41730"><num>(3)</num><content><p>The Secretary of State must consult the Scottish Ministers and the Department of Justice before making regulations under subsection <ref href="#d28e41724">(2)</ref>.</p></content></subsection><subsection><num>(4)</num><intro><p>In this Chapter—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-enforcement-officer">enforcement officer</term>” means—</p></intro><level class="para2"><num>(i)</num><content><p>an officer of Revenue and Customs,</p></content></level><level class="para2"><num>(ii)</num><content><p>a constable,</p></content></level><level class="para2"><num>(iii)</num><content><p>an SFO officer, or</p></content></level><level class="para2"><num>(iv)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>“<term refersTo="#term-senior-officer">senior officer</term>” means—</p></intro><level class="para2"><num>(i)</num><content><p>an officer of Revenue and Customs of a rank designated by the Commissioners for His Majesty’s Revenue and Customs as equivalent to that of a senior police officer of at least the rank of inspector,</p></content></level><level class="para2"><num>(ii)</num><content><p>a senior police officer of at least the rank of inspector,</p></content></level><level class="para2"><num>(iii)</num><content><p>the Director of the Serious Fraud Office,</p></content></level><level class="para2"><num>(iv)</num><content><p>the Director General of the National Crime Agency or any other National Crime Agency officer authorised by the Director General (whether generally or specifically) for this purpose, or</p></content></level><level class="para2"><num>(v)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453.</p></content></level></level></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Searches</heading><section eId="d28e41823"><num>303Z21</num><heading>Searches</heading><subsection eId="d28e41827"><num>(1)</num><intro><p>If an enforcement officer—</p></intro><level class="para1"><num>(a)</num><content><p>is lawfully on any premises, and</p></content></level><level class="para1"><num>(b)</num><content><p>has reasonable grounds for suspecting that there is on the premises a cryptoasset-related item,</p></content></level><wrapUp><p>the enforcement officer may search for the cryptoasset-related item there.</p></wrapUp></subsection><subsection eId="d28e41847"><num>(2)</num><intro><p>For the purposes of this Chapter, a “cryptoasset-related item” is an item of property that is, or that contains or gives access to information that is, likely to assist in the seizure under this Part of cryptoassets that—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection><num>(3)</num><intro><p>The powers conferred by subsection <ref href="#d28e41937">(6)</ref> are exercisable by an enforcement officer if—</p></intro><level class="para1"><num>(a)</num><content><p>the enforcement officer has reasonable grounds for suspecting that there is a cryptoasset-related item in a vehicle,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the officer that the vehicle is under the control of a person (the suspect) who is in or in the vicinity of the vehicle, and</p></content></level><level class="para1" eId="d28e41886"><num>(c)</num><content><p>the vehicle is in a place falling within subsection <ref href="#d28e41895">(4)</ref>.</p></content></level></subsection><subsection eId="d28e41895"><num>(4)</num><intro><p>The places referred to in subsection <ref href="#d28e41886">(3)(c)</ref> are—</p></intro><level class="para1"><num>(a)</num><content><p>a place to which, at the time of the proposed exercise of the powers, the public or any section of the public has access, on payment or otherwise, as of right or by virtue of express or implied permission, and</p></content></level><level class="para1"><num>(b)</num><content><p>any other place to which at that time people have ready access but which is not a dwelling.</p></content></level></subsection><subsection><num>(5)</num><intro><p>But if the vehicle is in a garden or yard or other land occupied with and used for the purposes of a dwelling, the enforcement officer may exercise the powers conferred by subsection <ref href="#d28e41937">(6)</ref> only if the enforcement officer has reasonable grounds for believing—</p></intro><level class="para1"><num>(a)</num><content><p>that the suspect does not reside in the dwelling, and</p></content></level><level class="para1"><num>(b)</num><content><p>that the vehicle is not in the place in question with the express or implied permission of a person who resides in the dwelling.</p></content></level></subsection><subsection eId="d28e41937"><num>(6)</num><intro><p>The powers conferred by this subsection are—</p></intro><level class="para1"><num>(a)</num><content><p>power to require the suspect to permit entry to the vehicle;</p></content></level><level class="para1"><num>(b)</num><content><p>power to require the suspect to permit a search of the vehicle.</p></content></level></subsection><subsection eId="d28e41955"><num>(7)</num><intro><p>If an enforcement officer has reasonable grounds for suspecting that a person (the suspect) is carrying a cryptoasset-related item, the enforcement officer may require the suspect—</p></intro><level class="para1"><num>(a)</num><content><p>to permit a search of any article the suspect has with them;</p></content></level><level class="para1" eId="d28e41967"><num>(b)</num><content><p>to permit a search of the suspect’s person.</p></content></level></subsection><subsection><num>(8)</num><content><p>The powers conferred by subsections <ref href="#d28e41937">(6)</ref> and <ref href="#d28e41955">(7)</ref> are exercisable only so far as the enforcement officer thinks it necessary or expedient.</p></content></subsection><subsection><num>(9)</num><intro><p>An enforcement officer may—</p></intro><level class="para1"><num>(a)</num><content><p>in exercising powers conferred by subsection <ref href="#d28e41937">(6)</ref>, detain the vehicle for so long as is necessary for their exercise;</p></content></level><level class="para1"><num>(b)</num><content><p>in exercising powers conferred by subsection <ref href="#d28e41967">(7)(b)</ref>, detain the suspect for so long as is necessary for their exercise.</p></content></level></subsection><subsection><num>(10)</num><intro><p>The powers conferred by this section are exercisable by an SFO officer or an accredited financial investigator only in relation to the following—</p></intro><level class="para1"><num>(a)</num><content><p>premises in England, Wales or Northern Ireland (in the case of subsection <ref href="#d28e41827">(1)</ref>);</p></content></level><level class="para1"><num>(b)</num><content><p>vehicles and suspects in England, Wales or Northern Ireland (in the case of subsection <ref href="#d28e41937">(6)</ref>);</p></content></level><level class="para1"><num>(c)</num><content><p>suspects in England, Wales or Northern Ireland (in the case of subsection <ref href="#d28e41955">(7)</ref>).</p></content></level></subsection></section><section><num>303Z22</num><heading>Searches: supplemental provision</heading><subsection><num>(1)</num><content><p>The powers conferred by section <ref href="#d28e41823">303Z21</ref> are exercisable only so far as reasonably required for the purpose of finding a cryptoasset-related item.</p></content></subsection><subsection><num>(2)</num><content><p>Section <ref href="#d28e41823">303Z21</ref> does not require a person to submit to an intimate search or strip search (within the meaning of section 164 of the Customs and Excise Management Act 1979).</p></content></subsection></section><section eId="d28e42070"><num>303Z23</num><heading>Prior approval</heading><subsection><num>(1)</num><content><p>The powers conferred by section <ref href="#d28e41823">303Z21</ref> may be exercised only with the appropriate approval unless, in the circumstances, it is not practicable to obtain that approval before exercising the power.</p></content></subsection><subsection><num>(2)</num><content><p>The appropriate approval means the approval of a judicial officer or (if that is not practicable in any case) the approval of a senior officer.</p></content></subsection><subsection><num>(3)</num><intro><p>A judicial officer means—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, a justice of the peace;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, the sheriff.</p></content></level></subsection><subsection eId="d28e42107"><num>(4)</num><intro><p>If the powers are exercised without the approval of a judicial officer in a case where—</p></intro><level class="para1"><num>(a)</num><content><p>no property is seized by virtue of section <ref href="#d28e42350">303Z26</ref>, or</p></content></level><level class="para1"><num>(b)</num><content><p>any property so seized is not detained for more than 48 hours (calculated in accordance with section <ref href="#d28e42440">303Z27</ref>),</p></content></level><wrapUp><p>the relevant officer who exercised the power must give a written report to the appointed person.</p></wrapUp></subsection><subsection><num>(5)</num><content><p>But the duty in subsection <ref href="#d28e42107">(4)</ref> does not apply if, during the course of exercising the powers conferred by section <ref href="#d28e41823">303Z21</ref>, the enforcement officer seizes cash by virtue of section 294 or property by virtue of section 303J and the cash or property so seized is detained for more than 48 hours (calculated in accordance with section 295(1B) or 303K(5)).</p></content></subsection><subsection><num>(6)</num><intro><p>A report under subsection <ref href="#d28e42107">(4)</ref> must give particulars of the circumstances which led the relevant officer to believe that—</p></intro><level class="para1"><num>(a)</num><content><p>the powers were exercisable, and</p></content></level><level class="para1"><num>(b)</num><content><p>it was not practicable to obtain the approval of a judicial officer.</p></content></level></subsection><subsection><num>(7)</num><intro><p>In this section and in section <ref href="#d28e42202">303Z24</ref> the appointed person means—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales, a person appointed by the Secretary of State;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, a person appointed by the Scottish Ministers;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to Northern Ireland, a person appointed by the Department of Justice.</p></content></level></subsection><subsection><num>(8)</num><content><p>The appointed person must not be a person employed under or for the purposes of a government department or of the Scottish Administration; and the terms and conditions of the person’s appointment, including any remuneration or expenses to be paid to the person, are to be determined by the person making the appointment.</p></content></subsection></section><section eId="d28e42202"><num>303Z24</num><heading>Report on exercise of powers</heading><subsection><num>(1)</num><content><p>As soon as possible after the end of each financial year, the appointed person must prepare a report for that year.</p></content></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-financial-year">Financial year</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>the period beginning with the day on which this section came into force and ending with the next 31 March (which is the first financial year), and</p></content></level><level class="para1"><num>(b)</num><content><p>each subsequent period of 12 months beginning with 1 April.</p></content></level></subsection><subsection><num>(3)</num><content><p>The report must give the appointed person’s opinion as to the circumstances and manner in which the powers conferred by section <ref href="#d28e41823">303Z21</ref> are being exercised in cases where the enforcement officer who exercised them is required to give a report under section <ref href="#d28e42070">303Z23</ref><ref href="#d28e42107">(4)</ref>.</p></content></subsection><subsection><num>(4)</num><content><p>In the report, the appointed person may make any recommendations they consider appropriate.</p></content></subsection><subsection><num>(5)</num><content><p>The appointed person must send a copy of the report to whichever of the Secretary of State, the Scottish Ministers or the Department of Justice appointed the person.</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State must lay a copy of any report the Secretary of State receives under this section before Parliament and arrange for it to be published.</p></content></subsection><subsection><num>(7)</num><content><p>The Scottish Ministers must lay a copy of any report they receive under this section before the Scottish Parliament and arrange for it to be published.</p></content></subsection><subsection eId="d28e42271"><num>(8)</num><content><p>The Department of Justice must lay a copy of any report it receives under this section before the Northern Ireland Assembly and arrange for it to be published.</p></content></subsection><subsection><num>(9)</num><content><p>Section 41(3) of the Interpretation Act (Northern Ireland) 1954 applies for the purposes of subsection <ref href="#d28e42271">(8)</ref> in relation to the laying of a copy of a report as it applies in relation to the laying of a statutory document under an enactment.</p></content></subsection></section><section eId="d28e42289"><num>303Z25</num><heading>Codes of practice</heading><subsection><num>(1)</num><content><p>The requirements to make codes of practice set out in sections 303G, 303H and 303I apply in relation to the powers conferred by section <ref href="#d28e41823">303Z21</ref> as they apply in relation to the powers conferred by section 303C.</p></content></subsection><subsection eId="d28e42302"><num>(2)</num><content><p>A requirement in section 303G(2), 303H(2) or 303I(2), as applied by subsection (1), to carry out a relevant action may be satisfied by the carrying out of that action before this section comes into force.</p></content></subsection><subsection><num>(3)</num><intro><p>In subsection <ref href="#d28e42302">(2)</ref> “<term refersTo="#term-relevant-action">relevant action</term>” means any of the following—</p></intro><level class="para1"><num>(a)</num><content><p>publishing a draft code of practice;</p></content></level><level class="para1"><num>(b)</num><content><p>considering any representations made about the draft;</p></content></level><level class="para1"><num>(c)</num><content><p>modifying the draft in light of any such representations.</p></content></level></subsection><subsection><num>(4)</num><content><p>The requirement in section 303G(3), as applied by subsection (1), to consult the Attorney General may be satisfied by consultation carried out before this section comes into force.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Seizure and detention of cryptoasset-related items</heading><section eId="d28e42350"><num>303Z26</num><heading>Seizure of cryptoasset-related items</heading><subsection eId="d28e42354"><num>(1)</num><content><p>An enforcement officer may seize any item of property if the enforcement officer has reasonable grounds for suspecting that the item is a cryptoasset-related item.</p></content></subsection><subsection eId="d28e42360"><num>(2)</num><intro><p>If an enforcement officer is lawfully on any premises, the officer may, for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>determining whether any property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>enabling or facilitating the seizure under this Chapter of any cryptoasset,</p></content></level><wrapUp><p>require any information which is stored in any electronic form and accessible from the premises to be produced in a form in which it can be taken away and in which it is visible and legible, or from which it can readily be produced in a visible and legible form.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>But subsection <ref href="#d28e42360">(2)</ref> does not authorise an enforcement officer to require a person to produce privileged information.</p></content></subsection><subsection><num>(4)</num><intro><p>In this section “<term refersTo="#term-privileged-information">privileged information</term>” means information which a person would be entitled to refuse to provide—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, on grounds of legal professional privilege in proceedings in the High Court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, on grounds of legal privilege as defined by section 412.</p></content></level></subsection><subsection><num>(5)</num><intro><p>Where an enforcement officer has seized a cryptoasset-related item under subsection <ref href="#d28e42354">(1)</ref>, the officer may use any information obtained from the item for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>identifying or gaining access to a crypto wallet, and</p></content></level><level class="para1"><num>(b)</num><content><p>by doing so, enabling or facilitating the seizure under this Chapter of any cryptoassets.</p></content></level></subsection><subsection><num>(6)</num><content><p>This section does not authorise the seizure by an SFO officer or an accredited financial investigator of an item found in Scotland.</p></content></subsection></section><section eId="d28e42440"><num>303Z27</num><heading>Initial detention of seized cryptoasset-related items</heading><subsection eId="d28e42444"><num>(1)</num><content><p>Property seized under section <ref href="#d28e42350">303Z26</ref> may be detained for an initial period of 48 hours.</p></content></subsection><subsection><num>(2)</num><content><p>Subsection <ref href="#d28e42444">(1)</ref> authorises the detention of property only for so long as an enforcement officer continues to have reasonable grounds for suspicion in relation to that property as described in section <ref href="#d28e42350">303Z26</ref><ref href="#d28e42354">(1)</ref>.</p></content></subsection><subsection eId="d28e42467"><num>(3)</num><intro><p>In calculating a period of 48 hours for the purposes of this section, no account is to be taken of—</p></intro><level class="para1"><num>(a)</num><content><p>any Saturday or Sunday,</p></content></level><level class="para1"><num>(b)</num><content><p>Christmas Day,</p></content></level><level class="para1"><num>(c)</num><content><p>Good Friday,</p></content></level><level class="para1"><num>(d)</num><content><p>any day that is a bank holiday under the Banking and Financial Dealings Act 1971 in the part of the United Kingdom within which the property is seized, or</p></content></level><level class="para1"><num>(e)</num><content><p>any day prescribed by virtue of section 8(2) of the Criminal Procedure (Scotland) Act 1995 as a court holiday in a sheriff court in the sheriff court district within which the property is seized.</p></content></level></subsection></section><section eId="d28e42506"><num>303Z28</num><heading>Further detention of seized cryptoasset-related items</heading><subsection eId="d28e42510"><num>(1)</num><intro><p>The period for which property seized under section <ref href="#d28e42350">303Z26</ref> may be detained may be extended by an order made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, by a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, by the sheriff.</p></content></level></subsection><subsection><num>(2)</num><intro><p>An order under subsection <ref href="#d28e42510">(1)</ref> may not authorise the detention of any property—</p></intro><level class="para1"><num>(a)</num><content><p>beyond the end of the period of 6 months beginning with the date of the order, and</p></content></level><level class="para1" eId="d28e42546"><num>(b)</num><content><p>in the case of any further order under this section, beyond the end of the period of 2 years beginning with the date of the first order; but this is subject to subsection <ref href="#d28e42564">(4)</ref>.</p></content></level></subsection><subsection><num>(3)</num><content><p>A justice of the peace may also exercise the power of a magistrates’ court to make the first order under subsection <ref href="#d28e42510">(1)</ref>.</p></content></subsection><subsection eId="d28e42564"><num>(4)</num><content><p>The court or sheriff may make an order for the period of 2 years in subsection <ref href="#d28e42546">(2)(b)</ref> to be extended to a period of up to 3 years beginning with the date of the first order.</p></content></subsection><subsection eId="d28e42573"><num>(5)</num><intro><p>An application for an order under subsection <ref href="#d28e42510">(1)</ref> or <ref href="#d28e42564">(4)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><intro><p>in relation to England and Wales and Northern Ireland, by—</p></intro><level class="para2"><num>(i)</num><content><p>the Commissioners for His Majesty’s Revenue and Customs,</p></content></level><level class="para2"><num>(ii)</num><content><p>a constable,</p></content></level><level class="para2"><num>(iii)</num><content><p>an SFO officer, or</p></content></level><level class="para2"><num>(iv)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453;</p></content></level></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, by the Scottish Ministers in connection with their functions under section <ref href="#d28e43897">303Z41</ref> or by a procurator fiscal.</p></content></level></subsection><subsection><num>(6)</num><intro><p>The court, sheriff or justice may make an order under subsection <ref href="#d28e42510">(1)</ref> if satisfied, in relation to the item of property to be further detained, that—</p></intro><level class="para1"><num>(a)</num><content><p>there are reasonable grounds for suspecting that it is a cryptoasset-related item, and</p></content></level><level class="para1"><num>(b)</num><content><p>its continued detention is justified.</p></content></level></subsection><subsection eId="d28e42645"><num>(7)</num><content><p>The court or sheriff may make an order under subsection <ref href="#d28e42564">(4)</ref> if satisfied that a request for assistance is outstanding in relation to the item of property to be further detained.</p></content></subsection><subsection><num>(8)</num><intro><p>A “request for assistance” in subsection <ref href="#d28e42645">(7)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the property to be further detained, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an enforcement officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Part, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A (evidence overseas).</p></content></level></subsection><subsection><num>(9)</num><content><p>An order under subsection <ref href="#d28e42510">(1)</ref> must provide for notice to be given to persons affected by the order.</p></content></subsection></section><section eId="d28e42699"><num>303Z29</num><heading>Seizure of cryptoassets</heading><subsection eId="d28e42703"><num>(1)</num><content><p>An enforcement officer may seize cryptoassets if the enforcement officer has reasonable grounds for suspecting that the cryptoassets are recoverable property or intended by any person for use in unlawful conduct.</p></content></subsection><subsection><num>(2)</num><content><p>The circumstances in which a cryptoasset is “<term refersTo="#term-seized">seized</term>” for the purposes of subsection <ref href="#d28e42703">(1)</ref> include circumstances in which it is transferred into a crypto wallet controlled by the enforcement officer.</p></content></subsection><subsection><num>(3)</num><content><p>This section does not authorise the seizure by an SFO officer or an accredited financial investigator of cryptoassets as a result of information obtained from a cryptoasset-related item found in Scotland.</p></content></subsection></section><section eId="d28e42730"><num>303Z30</num><heading>Prior authorisation for detention of cryptoassets</heading><subsection><num>(1)</num><content><p>Where an order is made under section <ref href="#d28e42506">303Z28</ref> in respect of a cryptoasset-related item, the court, sheriff or justice making the order may, at the same time, make an order to authorise the detention of any cryptoassets that may be seized as a result of information obtained from that item.</p></content></subsection><subsection><num>(2)</num><content><p>An application for an order under this section may be made, by a person mentioned in section <ref href="#d28e42506">303Z28</ref><ref href="#d28e42573">(5)</ref>, at the same time as an application for an order under section <ref href="#d28e42506">303Z28</ref> is made by that person.</p></content></subsection><subsection><num>(3)</num><content><p>The court, sheriff or justice may make an order under this section if satisfied that there are reasonable grounds for suspecting that the cryptoassets that may be seized are recoverable property or intended by any person for use in unlawful conduct.</p></content></subsection><subsection><num>(4)</num><content><p>An order under this section authorises detention of the cryptoassets for the same period of time as the order under section <ref href="#d28e42506">303Z28</ref> authorises detention in respect of the cryptoasset-related item to which those cryptoassets relate.</p></content></subsection></section><section eId="d28e42775"><num>303Z31</num><heading>Initial detention of seized cryptoassets</heading><subsection eId="d28e42779"><num>(1)</num><content><p>Cryptoassets seized under section <ref href="#d28e42699">303Z29</ref> may be detained for an initial period of 48 hours.</p></content></subsection><subsection><num>(2)</num><content><p>Subsection <ref href="#d28e42779">(1)</ref> authorises the detention of property only for so long as an enforcement officer continues to have reasonable grounds for suspicion in relation to those cryptoassets as described in section <ref href="#d28e42699">303Z29</ref><ref href="#d28e42703">(1)</ref>.</p></content></subsection><subsection eId="d28e42802"><num>(3)</num><intro><p>In calculating a period of 48 hours for the purposes of this section, no account is to be taken of—</p></intro><level class="para1"><num>(a)</num><content><p>any Saturday or Sunday,</p></content></level><level class="para1"><num>(b)</num><content><p>Christmas Day,</p></content></level><level class="para1"><num>(c)</num><content><p>Good Friday,</p></content></level><level class="para1"><num>(d)</num><content><p>any day that is a bank holiday under the Banking and Financial Dealings Act 1971 in the part of the United Kingdom within which the property is seized, or</p></content></level><level class="para1"><num>(e)</num><content><p>any day prescribed by virtue of section 8(2) of the Criminal Procedure (Scotland) Act 1995 as a court holiday in a sheriff court in the sheriff court district within which the property is seized.</p></content></level></subsection><subsection><num>(4)</num><content><p>This section is subject to section <ref href="#d28e42730">303Z30</ref>.</p></content></subsection></section><section eId="d28e42850"><num>303Z32</num><heading>Further detention of seized cryptoassets</heading><subsection eId="d28e42854"><num>(1)</num><intro><p>The period for which cryptoassets seized under section <ref href="#d28e42699">303Z29</ref> may be detained may be extended by an order made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, by a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, by the sheriff.</p></content></level></subsection><subsection><num>(2)</num><intro><p>An order under subsection <ref href="#d28e42854">(1)</ref> may not authorise the detention of any cryptoassets—</p></intro><level class="para1"><num>(a)</num><content><p>beyond the end of the period of 6 months beginning with the date of the order, and</p></content></level><level class="para1" eId="d28e42890"><num>(b)</num><content><p>in the case of any further order under this section, beyond the end of the period of 2 years beginning with the date of the first order; but this is subject to subsection <ref href="#d28e42564">(4)</ref>.</p></content></level></subsection><subsection><num>(3)</num><content><p>A justice of the peace may also exercise the power of a magistrates’ court to make the first order under subsection <ref href="#d28e42854">(1)</ref>.</p></content></subsection><subsection><num>(4)</num><content><p>The court or sheriff may make an order for the period of 2 years in subsection <ref href="#d28e42890">(2)(b)</ref> to be extended to a period of up to 3 years beginning with the date of the first order.</p></content></subsection><subsection><num>(5)</num><intro><p>An application for an order under subsection <ref href="#d28e42510">(1)</ref> or <ref href="#d28e42564">(4)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><intro><p>in relation to England and Wales and Northern Ireland, by—</p></intro><level class="para2"><num>(i)</num><content><p>the Commissioners for His Majesty’s Revenue and Customs,</p></content></level><level class="para2"><num>(ii)</num><content><p>a constable,</p></content></level><level class="para2"><num>(iii)</num><content><p>an SFO officer, or</p></content></level><level class="para2"><num>(iv)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453,</p></content></level></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, by the Scottish Ministers in connection with their functions under section <ref href="#d28e43897">303Z41</ref> or by a procurator fiscal.</p></content></level></subsection><subsection><num>(6)</num><content><p>The court, sheriff or justice may make an order under subsection <ref href="#d28e42510">(1)</ref> if satisfied, in relation to the cryptoassets to be further detained, that there are reasonable grounds for suspecting that the cryptoassets are recoverable property or intended by any person for use in unlawful conduct.</p></content></subsection><subsection><num>(7)</num><content><p>The court or sheriff may make an order under subsection <ref href="#d28e42564">(4)</ref> if satisfied that a request for assistance is outstanding in relation to the cryptoassets to be further detained.</p></content></subsection><subsection><num>(8)</num><intro><p>A “request for assistance” in subsection <ref href="#d28e42645">(7)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the cryptoassets to be further detained, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an enforcement officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Part, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A (evidence overseas).</p></content></level></subsection><subsection><num>(9)</num><content><p>An order under subsection <ref href="#d28e42854">(1)</ref> must provide for notice to be given to persons affected by the order.</p></content></subsection></section><section><num>303Z33</num><heading>Safekeeping of cryptoassets and cryptoasset-related items</heading><subsection><num>(1)</num><content><p>An enforcement officer must arrange for any item of property seized under section <ref href="#d28e42350">303Z26</ref> to be safely stored throughout the period during which it is detained under this Chapter.</p></content></subsection><subsection><num>(2)</num><content><p>An enforcement officer must arrange for any cryptoassets seized under section <ref href="#d28e42699">303Z29</ref> to be safely stored throughout the period during which they are detained under this Chapter.</p></content></subsection></section><section><num>303Z34</num><heading>Release of cryptoassets and cryptoasset-related items</heading><subsection><num>(1)</num><content><p>This section applies while any cryptoasset or other item of property is detained under this Chapter.</p></content></subsection><subsection><num>(2)</num><content><p>A magistrates’ court or (in Scotland) the sheriff may direct the release of the whole or any part of the property if the following condition is met.</p></content></subsection><subsection><num>(3)</num><content><p>The condition is that the court or sheriff is satisfied, on an application by the person from whom the property was seized, that the conditions for the detention of the property in this Chapter are no longer met in relation to the property to be released.</p></content></subsection><subsection eId="d28e43078"><num>(4)</num><content><p>A person within subsection <ref href="#d28e43087">(5)</ref> may, after notifying the magistrates’ court, sheriff or justice under whose order property is being detained, release the whole or any part of the property if satisfied that the detention of the property to be released is no longer justified.</p></content></subsection><subsection eId="d28e43087"><num>(5)</num><intro><p>The following persons are within this subsection—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, an enforcement officer;</p></content></level><level class="para1"><num>(b)</num><intro><p>in relation to Scotland—</p></intro><level class="para2"><num>(i)</num><content><p>the Scottish Ministers,</p></content></level><level class="para2"><num>(ii)</num><content><p>an officer of Revenue and Customs,</p></content></level><level class="para2"><num>(iii)</num><content><p>a constable, and</p></content></level><level class="para2"><num>(iv)</num><content><p>a procurator fiscal.</p></content></level></level></subsection><subsection eId="d28e43129"><num>(6)</num><intro><p>If any cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, an enforcement officer may—</p></intro><level class="para1"><num>(a)</num><content><p>retain the item and deal with it as they see fit,</p></content></level><level class="para1"><num>(b)</num><content><p>dispose of the item, or</p></content></level><level class="para1"><num>(c)</num><content><p>destroy the item.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The powers in subsection <ref href="#d28e43129">(6)</ref> may be exercised only—</p></intro><level class="para1"><num>(a)</num><intro><p>where the enforcement officer has taken reasonable steps to notify—</p></intro><level class="para2"><num>(i)</num><content><p>the person from whom the item was seized, and</p></content></level><level class="para2"><num>(ii)</num><content><p>any other persons who the enforcement officer has reasonable grounds to believe have an interest in the item,</p></content></level><wrapUp><p>that the item has been released, and</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>with the approval of a senior officer.</p></content></level></subsection><subsection><num>(8)</num><intro><p>Any proceeds of a disposal of the item are to be paid—</p></intro><level class="para1"><num>(a)</num><intro><p>into the Consolidated Fund if—</p></intro><level class="para2"><num>(i)</num><content><p>the item was directed to be released by a magistrates’ court, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a magistrates’ court or justice was notified under subsection <ref href="#d28e43078">(4)</ref> of the release;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>into the Scottish Consolidated Fund if—</p></intro><level class="para2"><num>(i)</num><content><p>the item was directed to be released by the sheriff, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the sheriff was notified under subsection <ref href="#d28e43078">(4)</ref> of the release.</p></content></level></level></subsection></section></hcontainer></chapter><chapter><num>CHAPTER 3D</num><heading>Recovery of cryptoassets: freezing orders</heading><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Definitions</heading><section eId="d28e43247"><num>303Z35</num><heading>Definitions</heading><subsection eId="d28e43251"><num>(1)</num><intro><p>In this Chapter—</p></intro><level class="para1" eId="d28e43257"><num>(a)</num><intro><p>“<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para2"><num>(i)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets,</p></content></level><level class="para2"><num>(ii)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another, or</p></content></level><level class="para2"><num>(iii)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>“<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para2"><num>(i)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para2"><num>(ii)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets;</p></content></level></level><level class="para1"><num>(c)</num><content><p>“<term refersTo="#term-cryptoasset-service-provider">cryptoasset service provider</term>” includes cryptoasset exchange provider and custodian wallet provider.</p></content></level></subsection><subsection><num>(2)</num><intro><p>For the purposes of subsection <ref href="#d28e43257">(1)(a)</ref>, “<term refersTo="#term-money">money</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>money in sterling,</p></content></level><level class="para1"><num>(b)</num><content><p>money in any other currency, or</p></content></level><level class="para1"><num>(c)</num><content><p>money in any other medium of exchange,</p></content></level><wrapUp><p>but does not include a cryptoasset.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>In the definition of “cryptoasset exchange provider” in subsection <ref href="#d28e43251">(1)</ref>, “<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, a cryptoasset.</p></content></subsection><subsection eId="d28e43358"><num>(4)</num><content><p>The Secretary of State may by regulations amend the definitions in this section.</p></content></subsection><subsection eId="d28e43364"><num>(5)</num><content><p>The Secretary of State must consult the Scottish Ministers and the Department of Justice before making regulations under subsection <ref href="#d28e43358">(4)</ref>.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Freezing of crypto wallets</heading><section eId="d28e43379"><num>303Z36</num><heading>Application for crypto wallet freezing order</heading><subsection><num>(1)</num><intro><p>This section applies if an enforcement officer has reasonable grounds for suspecting that cryptoassets held in a crypto wallet administered by a UK-connected cryptoasset service provider—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where this section applies (but subject to subsection <ref href="#d28e43410">(3)</ref>) the enforcement officer may apply to the relevant court for a crypto wallet freezing order in relation to the crypto wallet in which the cryptoassets are held.</p></content></subsection><subsection eId="d28e43410"><num>(3)</num><content><p>An enforcement officer may not apply for a crypto wallet freezing order unless the officer is a senior officer or is authorised to do so by a senior officer.</p></content></subsection><subsection><num>(4)</num><intro><p>For the purposes of this Chapter—</p></intro><level class="para1"><num>(a)</num><intro><p>a crypto wallet freezing order is an order that, subject to any exclusions (see section <ref href="#d28e43743">303Z39</ref>), prohibits each person by or for whom the crypto wallet to which the order applies is administered from—</p></intro><level class="para2"><num>(i)</num><content><p>making withdrawals or payments from the crypto wallet, or</p></content></level><level class="para2"><num>(ii)</num><content><p>using the crypto wallet in any other way;</p></content></level></level><level class="para1" eId="d28e43443"><num>(b)</num><content><p>a crypto wallet is administered by or for a person if the person is the person to whom services are being provided by a cryptoasset service provider in relation to that crypto wallet.</p></content></level></subsection><subsection><num>(5)</num><content><p>An application for a crypto wallet freezing order may be made without notice if the circumstances of the case are such that notice of the application would prejudice the taking of any steps under this Part to forfeit cryptoassets that are recoverable property or intended by any person for use in unlawful conduct.</p></content></subsection><subsection><num>(6)</num><intro><p>An application for a crypto wallet freezing order under this section may be combined with an application for an account freezing order under section 303Z1 where a single entity—</p></intro><level class="para1"><num>(a)</num><content><p>is both a relevant financial institution for the purposes of section 303Z1 and a cryptoasset service provider for the purposes of this section, and</p></content></level><level class="para1"><num>(b)</num><content><p>operates or administers, for the same person, both an account holding money (above the minimum amount specified in section 303Z8) and a crypto wallet.</p></content></level></subsection><subsection><num>(7)</num><intro><p>An application for a crypto wallet freezing order may not be made by an SFO officer, or an accredited financial investigator, in relation to a UK-connected cryptoasset service provider where—</p></intro><level class="para1"><num>(a)</num><content><p>the provider has its registered office, or if it does not have one, its head office in Scotland, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in Scotland.</p></content></level></subsection><subsection><num>(8)</num><intro><p>In this Chapter—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-enforcement-officer">enforcement officer</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-relevant-court">relevant court</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, a magistrates’ court, and</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, the sheriff;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-uk-connected-cryptoasset-service-provider">UK-connected cryptoasset service provider</term>” means a cryptoasset service provider which—</p></intro><level class="para1"><num>(a)</num><content><p>is acting in the course of business carried on by it in the United Kingdom,</p></content></level><level class="para1"><num>(b)</num><content><p>has terms and conditions with the persons to whom it provides services which provide for a legal dispute to be litigated in the courts of a part of the United Kingdom,</p></content></level><level class="para1"><num>(c)</num><content><p>holds, in the United Kingdom, any data relating to the persons to whom it provides services, or</p></content></level><level class="para1"><num>(d)</num><content><p>meets the condition in subsection <ref href="#d28e43561">(9)</ref>.</p></content></level></hcontainer></subsection><subsection eId="d28e43561"><num>(9)</num><intro><p>The condition in this subsection is that—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider has its registered office, or if it does not have one, its head office in the United Kingdom, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in the United Kingdom.</p></content></level></subsection></section><section eId="d28e43582"><num>303Z37</num><heading>Making of a crypto wallet freezing order</heading><subsection><num>(1)</num><content><p>This section applies where an application for a crypto wallet freezing order is made under section <ref href="#d28e43379">303Z36</ref> in relation to a crypto wallet.</p></content></subsection><subsection><num>(2)</num><intro><p>The relevant court may make the order if satisfied that there are reasonable grounds for suspecting that some or all of the cryptoassets held in the crypto wallet—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection eId="d28e43613"><num>(3)</num><content><p>A crypto wallet freezing order ceases to have effect at the end of the period specified in the order (which may be varied under section <ref href="#d28e43697">303Z38</ref>) unless it ceases to have effect at an earlier or later time in accordance with this Chapter or Chapter 3E or 3F.</p></content></subsection><subsection eId="d28e43622"><num>(4)</num><content><p>The period specified by the relevant court for the purposes of subsection <ref href="#d28e43613">(3)</ref> (whether when the order is first made or on a variation under section <ref href="#d28e43697">303Z38</ref>) may not exceed the period of 2 years, beginning with the day on which the crypto wallet freezing order is (or was) made; but this is subject to subsection <ref href="#d28e43637">(5)</ref>.</p></content></subsection><subsection eId="d28e43637"><num>(5)</num><content><p>The relevant court may make an order for the period of 2 years in subsection <ref href="#d28e43622">(4)</ref> to be extended to a period of up to 3 years beginning with the day on which the crypto wallet freezing order is (or was) made.</p></content></subsection><subsection eId="d28e43646"><num>(6)</num><content><p>The relevant court may make an order under subsection <ref href="#d28e43637">(5)</ref> if satisfied that a request for assistance is outstanding in relation to some or all of the cryptoassets held in the crypto wallet.</p></content></subsection><subsection><num>(7)</num><intro><p>A “request for assistance” in subsection <ref href="#d28e43646">(6)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with some or all of the cryptoassets held in the crypto wallet, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an enforcement officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Part, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A (evidence overseas).</p></content></level></subsection><subsection><num>(8)</num><content><p>A crypto wallet freezing order must provide for notice to be given to persons affected by the order.</p></content></subsection></section><section eId="d28e43697"><num>303Z38</num><heading>Variation and setting aside of crypto wallet freezing order</heading><subsection eId="d28e43701"><num>(1)</num><intro><p>The relevant court may at any time vary or set aside a crypto wallet freezing order on an application made by—</p></intro><level class="para1"><num>(a)</num><content><p>an enforcement officer, or</p></content></level><level class="para1"><num>(b)</num><content><p>any person affected by the order.</p></content></level></subsection><subsection><num>(2)</num><content><p>But an enforcement officer may not make an application under subsection <ref href="#d28e43701">(1)</ref> unless the officer is a senior officer or is authorised to do so by a senior officer.</p></content></subsection><subsection><num>(3)</num><content><p>Before varying or setting aside a crypto wallet freezing order the court must (as well as giving the parties to the proceedings an opportunity to be heard) give such an opportunity to any person who may be affected by its decision.</p></content></subsection><subsection><num>(4)</num><content><p>In relation to Scotland, the references in this section to setting aside an order are to be read as references to recalling it.</p></content></subsection></section><section eId="d28e43743"><num>303Z39</num><heading>Exclusions</heading><subsection><num>(1)</num><content><p>The power to vary a crypto wallet freezing order includes (amongst other things) power to make exclusions from the prohibition on making withdrawals or payments from the crypto wallet to which the order applies.</p></content></subsection><subsection><num>(2)</num><content><p>Exclusions from the prohibition may also be made when the order is made.</p></content></subsection><subsection><num>(3)</num><intro><p>An exclusion may (amongst other things) make provision for the purpose of enabling a person by or for whom the crypto wallet is administered—</p></intro><level class="para1"><num>(a)</num><content><p>to meet the person’s reasonable living expenses, or</p></content></level><level class="para1"><num>(b)</num><content><p>to carry on any trade, business, profession or occupation.</p></content></level></subsection><subsection eId="d28e43777"><num>(4)</num><content><p>An exclusion may be made subject to conditions.</p></content></subsection><subsection><num>(5)</num><intro><p>Where a magistrates’ court exercises the power to make an exclusion for the purpose of enabling a person to meet legal expenses that the person has incurred, or may incur, in respect of proceedings under this Part, it must ensure that the exclusion—</p></intro><level class="para1"><num>(a)</num><content><p>is limited to reasonable legal expenses that the person has reasonably incurred or that the person reasonably incurs,</p></content></level><level class="para1"><num>(b)</num><content><p>specifies the total amount that may be released for legal expenses in pursuance of the exclusion, and</p></content></level><level class="para1"><num>(c)</num><content><p>is made subject to the same conditions as would be the required conditions (see section 286A) if the order had been made under section 245A (in addition to any conditions imposed under subsection <ref href="#d28e43777">(4)</ref>).</p></content></level></subsection><subsection eId="d28e43810"><num>(6)</num><intro><p>A magistrates’ court, in deciding whether to make an exclusion for the purpose of enabling a person to meet legal expenses in respect of proceedings under this Part—</p></intro><level class="para1"><num>(a)</num><content><p>must have regard to the desirability of the person being represented in any proceedings under this Part in which the person is a participant, and</p></content></level><level class="para1"><num>(b)</num><intro><p>must disregard the possibility that legal representation of the person in any such proceedings might, were an exclusion not made—</p></intro><level class="para2"><num>(i)</num><content><p>be made available under arrangements made for the purposes of Part 1 of the Legal Aid, Sentencing and Punishment of Offenders Act 2012, or</p></content></level><level class="para2"><num>(ii)</num><content><p>be funded by the Department of Justice.</p></content></level></level></subsection><subsection><num>(7)</num><content><p>The sheriff’s power to make exclusions may not be exercised for the purpose of enabling any person to meet any legal expenses in respect of proceedings under this Part.</p></content></subsection><subsection><num>(8)</num><content><p>The power to make exclusions must, subject to subsection <ref href="#d28e43810">(6)</ref>, be exercised with a view to ensuring, so far as practicable, that there is not undue prejudice to the taking of any steps under this Part to forfeit cryptoassets that are recoverable property or intended by any person for use in unlawful conduct.</p></content></subsection></section><section><num>303Z40</num><heading>Restrictions on proceedings and remedies</heading><subsection eId="d28e43862"><num>(1)</num><content><p>If a court in which proceedings are pending in respect of a crypto wallet administered by a UK-connected cryptoasset service provider is satisfied that a crypto wallet freezing order has been applied for or made in respect of the crypto wallet, it may either stay the proceedings or allow them to continue on any terms it thinks fit.</p></content></subsection><subsection><num>(2)</num><content><p>Before exercising the power conferred by subsection <ref href="#d28e43862">(1)</ref>, the court must (as well as giving the parties to any of the proceedings concerned an opportunity to be heard) give such an opportunity to any person who may be affected by the court’s decision.</p></content></subsection><subsection><num>(3)</num><content><p>In relation to Scotland, the reference in subsection <ref href="#d28e43862">(1)</ref> to staying the proceedings is to be read as a reference to sisting the proceedings.</p></content></subsection></section></hcontainer></chapter><chapter><num>CHAPTER 3E</num><heading>Forfeiture of cryptoassets following detention or freezing order</heading><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Forfeiture orders</heading><section eId="d28e43897"><num>303Z41</num><heading>Forfeiture order</heading><subsection><num>(1)</num><intro><p>This section applies—</p></intro><level class="para1"><num>(a)</num><content><p>while any cryptoassets are detained under Chapter 3C, or</p></content></level><level class="para1"><num>(b)</num><content><p>while a crypto wallet freezing order made under section <ref href="#d28e43582">303Z37</ref> has effect.</p></content></level></subsection><subsection eId="d28e43922"><num>(2)</num><intro><p>An application for the forfeiture of some or all of the cryptoassets that are detained or held in the crypto wallet that is subject to the crypto wallet freezing order may be made—</p></intro><level class="para1" eId="d28e43928"><num>(a)</num><content><p>to a magistrates’ court by a person within subsection <ref href="#d28e43943">(3)</ref>, or</p></content></level><level class="para1" eId="d28e43937"><num>(b)</num><content><p>to the sheriff by the Scottish Ministers.</p></content></level></subsection><subsection eId="d28e43943"><num>(3)</num><intro><p>The following persons are within this subsection—</p></intro><level class="para1"><num>(a)</num><content><p>the Commissioners for His Majesty’s Revenue and Customs,</p></content></level><level class="para1"><num>(b)</num><content><p>a constable,</p></content></level><level class="para1"><num>(c)</num><content><p>an SFO officer, and</p></content></level><level class="para1"><num>(d)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453.</p></content></level></subsection><subsection eId="d28e43973"><num>(4)</num><intro><p>The court or sheriff may order the forfeiture of some or all of the cryptoassets if satisfied that the cryptoassets—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection eId="d28e43991"><num>(5)</num><intro><p>An order under subsection <ref href="#d28e43973">(4)</ref> made by a magistrates’ court may provide for payment under section <ref href="#d28e45401">303Z49</ref> of reasonable legal expenses that a person has reasonably incurred, or may reasonably incur, in respect of—</p></intro><level class="para1"><num>(a)</num><content><p>the proceedings in which the order is made, or</p></content></level><level class="para1"><num>(b)</num><content><p>any related proceedings under this Chapter.</p></content></level></subsection><subsection eId="d28e44015"><num>(6)</num><intro><p>A sum in respect of a relevant item of expenditure is not payable under section <ref href="#d28e45401">303Z49</ref> in pursuance of provision under subsection <ref href="#d28e43991">(5)</ref> unless—</p></intro><level class="para1"><num>(a)</num><content><p>the person who applied for the order under subsection <ref href="#d28e43973">(4)</ref> agrees to its payment, or</p></content></level><level class="para1"><num>(b)</num><content><p>the court has assessed the amount allowed in respect of that item and the sum is paid in respect of the assessed amount.</p></content></level></subsection><subsection eId="d28e44042"><num>(7)</num><intro><p>For the purposes of subsection <ref href="#d28e44015">(6)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>a “relevant item of expenditure” is an item of expenditure to which regulations under section 286B would apply if the order under subsection <ref href="#d28e43973">(4)</ref> had instead been a recovery order;</p></content></level><level class="para1"><num>(b)</num><content><p>an amount is “allowed” in respect of a relevant item of expenditure if it would have been allowed by those regulations;</p></content></level><level class="para1"><num>(c)</num><content><p>if the person who applied for the order under subsection <ref href="#d28e43973">(4)</ref> was a constable, an SFO officer or an accredited financial investigator, that person may not agree to the payment of a sum unless the person is a senior officer or is authorised to do so by a senior officer.</p></content></level></subsection><subsection><num>(8)</num><content><p>Subsection <ref href="#d28e43973">(4)</ref> ceases to apply on the transfer of an application made under this section in accordance with section <ref href="#d28e44767">303Z45</ref><ref href="#d28e44771">(1)</ref>.</p></content></subsection><subsection><num>(9)</num><intro><p>In this Chapter—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet-freezing-order">crypto wallet freezing order</term>” has the same meaning as in Chapter 3D (see section <ref href="#d28e43379">303Z36</ref>);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-enforcement-officer">enforcement officer</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>.</p></content></hcontainer></subsection><subsection><num>(10)</num><content><p>Section <ref href="#d28e43379">303Z36</ref><ref href="#d28e43443">(4)(b)</ref> applies in relation to this Chapter as it applies in relation to Chapter 3D.</p></content></subsection></section><section eId="d28e44140"><num>303Z42</num><heading>Forfeiture order: supplementary</heading><subsection><num>(1)</num><content><p>Subsection <ref href="#d28e44156">(2)</ref> applies where an application is made under section <ref href="#d28e43897">303Z41</ref> for the forfeiture of any cryptoassets detained under Chapter 3C.</p></content></subsection><subsection eId="d28e44156"><num>(2)</num><content><p>The cryptoassets are to continue to be detained under Chapter 3C (and may not be released under any power conferred by this Part) until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.</p><p>This subsection is subject to Chapter 3F (conversion to money).</p></content></subsection><subsection><num>(3)</num><intro><p>Where an application is made under section 303Z41 in relation to cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order—</p></intro><level class="para1"><num>(a)</num><content><p>subsections (4) and (5) apply, and</p></content></level><level class="para1"><num>(b)</num><content><p>the crypto wallet freezing order is to continue to have effect until the time referred to in subsection (4)(b) or (5).</p></content></level></subsection><subsection eId="d28e44183"><num>(4)</num><intro><p>Where the cryptoassets are ordered to be forfeited under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43973">(4)</ref> or <ref href="#d28e44767">303Z45</ref><ref href="#d28e44807">(3)</ref>—</p></intro><level class="para1" eId="d28e44199"><num>(a)</num><content><p>the cryptoasset service provider that administers the crypto wallet must transfer the cryptoassets into a crypto wallet nominated by an enforcement officer, and</p></content></level><level class="para1" eId="d28e44205"><num>(b)</num><content><p>immediately after the transfer has been made, the freezing order ceases to have effect.</p></content></level></subsection><subsection eId="d28e44211"><num>(5)</num><content><p>Where the application is determined or otherwise disposed of other than by the making of an order under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43973">(4)</ref> or <ref href="#d28e44767">303Z45</ref><ref href="#d28e44807">(3)</ref>, the crypto wallet freezing order ceases to have effect immediately after that determination or other disposal.</p></content></subsection><subsection eId="d28e44227"><num>(6)</num><content><p>Subsections <ref href="#d28e44183">(4)</ref>(b) and <ref href="#d28e44211">(5)</ref> are subject to section <ref href="#d28e45028">303Z46</ref> and Chapter 3F.</p></content></subsection><subsection eId="d28e44242"><num>(7)</num><content><p>The Secretary of State may by regulations amend this section to make provision about the forfeiture of cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order.</p></content></subsection><subsection><num>(8)</num><intro><p>Regulations under subsection <ref href="#d28e44242">(7)</ref> may in particular make provision about—</p></intro><level class="para1"><num>(a)</num><content><p>the process for the forfeiture of cryptoassets;</p></content></level><level class="para1"><num>(b)</num><content><p>the realisation of forfeited cryptoassets;</p></content></level><level class="para1"><num>(c)</num><content><p>the application of the proceeds of such realisation.</p></content></level></subsection><subsection><num>(9)</num><content><p>Regulations under subsection <ref href="#d28e44242">(7)</ref> may make consequential amendments of this Chapter.</p></content></subsection><subsection eId="d28e44284"><num>(10)</num><intro><p>The Secretary of State may not make regulations under subsection <ref href="#d28e44242">(7)</ref> unless the Secretary of State has—</p></intro><level class="para1" eId="d28e44293"><num>(a)</num><content><p>consulted the Scottish Ministers and the Department of Justice, and</p></content></level><level class="para1" eId="d28e44299"><num>(b)</num><content><p>given a notice containing the relevant information to the Scottish Ministers and the Department of Justice.</p></content></level></subsection><subsection><num>(11)</num><intro><p>Consultation under subsection <ref href="#d28e44293">(10)(a)</ref> must include consultation about any effects that the Secretary of State considers the regulations may have on—</p></intro><level class="para1"><num>(a)</num><content><p>a person in Scotland or Northern Ireland (as the case may be) applying for the forfeiture of cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order, and</p></content></level><level class="para1"><num>(b)</num><content><p>a sheriff or court in Scotland or a court in Northern Ireland (as the case may be) considering such an application or making an order for such forfeiture.</p></content></level></subsection><subsection><num>(12)</num><intro><p>In subsection <ref href="#d28e44299">(10)(b)</ref> “<term refersTo="#term-relevant-information">relevant information</term>” means—</p></intro><level class="para1" eId="d28e44339"><num>(a)</num><intro><p>a description of—</p></intro><level class="para2"><num>(i)</num><content><p>the process undertaken in order to comply with subsection <ref href="#d28e44293">(10)(a)</ref> in relation to the Scottish Ministers or the Department of Justice (as the case may be), and</p></content></level><level class="para2"><num>(ii)</num><content><p>any agreement, objection or other views expressed as part of that process by the Scottish Ministers or the Department of Justice (as the case may be), and</p></content></level></level><level class="para1"><num>(b)</num><content><p>an explanation of whether and how such views have been taken into account in the regulations (including, in a case where the Secretary of State proposes to make the regulations despite an objection, an explanation of the reasons for doing so).</p></content></level></subsection></section><section eId="d28e44369"><num>303Z43</num><heading>Associated and joint property</heading><subsection eId="d28e44373"><num>(1)</num><intro><p>Sections <ref href="#d28e44502">303Z44</ref> and <ref href="#d28e44767">303Z45</ref> apply if—</p></intro><level class="para1"><num>(a)</num><content><p>an application is made under section <ref href="#d28e43897">303Z41</ref> in respect of cryptoassets,</p></content></level><level class="para1" eId="d28e44394"><num>(b)</num><content><p>the court or sheriff is satisfied that some or all of the cryptoassets are recoverable property or are intended by any person for use in unlawful conduct, and</p></content></level><level class="para1"><num>(c)</num><content><p>there exists property that is associated with the cryptoassets in relation to which the court or sheriff is satisfied as mentioned in paragraph (b).</p></content></level></subsection><subsection eId="d28e44406"><num>(2)</num><intro><p>Sections <ref href="#d28e44502">303Z44</ref> and <ref href="#d28e44767">303Z45</ref> also apply in England and Wales and Northern Ireland if—</p></intro><level class="para1"><num>(a)</num><content><p>an application is made under section <ref href="#d28e43897">303Z41</ref> in respect of cryptoassets,</p></content></level><level class="para1" eId="d28e44427"><num>(b)</num><content><p>the court is satisfied that some or all of the cryptoassets are recoverable property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the cryptoassets in relation to which the court is satisfied as mentioned in paragraph <ref href="#d28e44427">(b)</ref> belong to joint tenants and one of the tenants is an excepted joint owner.</p></content></level></subsection><subsection><num>(3)</num><intro><p>In this section and sections <ref href="#d28e44502">303Z44</ref> and <ref href="#d28e44767">303Z45</ref> “<term refersTo="#term-associated-property">associated property</term>” means property of any of the following descriptions that is not itself the forfeitable property—</p></intro><level class="para1"><num>(a)</num><content><p>any interest in the forfeitable property;</p></content></level><level class="para1"><num>(b)</num><content><p>any other interest in the property in which the forfeitable property subsists;</p></content></level><level class="para1"><num>(c)</num><content><p>if the forfeitable property is part of a larger property, but not a separate part, the remainder of that property.</p></content></level><wrapUp><p>References to property being associated with forfeitable property are to be read accordingly.</p></wrapUp></subsection><subsection><num>(4)</num><content><p>In this section and sections <ref href="#d28e44502">303Z44</ref> and <ref href="#d28e44767">303Z45</ref>, the “<term refersTo="#term-forfeitable-property">forfeitable property</term>” means the cryptoassets in relation to which the court or sheriff is satisfied as mentioned in subsection <ref href="#d28e44394">(1)(b)</ref> or <ref href="#d28e44427">(2)(b)</ref> (as the case may be).</p></content></subsection></section><section eId="d28e44502"><num>303Z44</num><heading>Agreements about associated and joint property</heading><subsection eId="d28e44506"><num>(1)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>this section applies, and</p></content></level><level class="para1" eId="d28e44518"><num>(b)</num><content><p>the person who applied for the order under section <ref href="#d28e43897">303Z41</ref> (on the one hand) and the person who holds the associated property or who is the excepted joint owner (on the other hand) agree,</p></content></level><wrapUp><p>the magistrates’ court or sheriff may, instead of making an order under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43973">(4)</ref>, make an order requiring the person who holds the associated property or who is the excepted joint owner to make a payment to a person identified in the order.</p></wrapUp></subsection><subsection><num>(2)</num><intro><p>The amount of the payment is (subject to subsection <ref href="#d28e44568">(3)</ref>) to be the amount which the persons referred to in subsection <ref href="#d28e44518">(1)(b)</ref> agree represents—</p></intro><level class="para1"><num>(a)</num><content><p>in a case where this section applies by virtue of section <ref href="#d28e44369">303Z43</ref><ref href="#d28e44373">(1)</ref>, the value of the forfeitable property;</p></content></level><level class="para1"><num>(b)</num><content><p>in a case where this section applies by virtue of section <ref href="#d28e44369">303Z43</ref><ref href="#d28e44406">(2)</ref>, the value of the forfeitable property less the value of the excepted joint owner’s share.</p></content></level></subsection><subsection eId="d28e44568"><num>(3)</num><intro><p>The amount of the payment may be reduced if the person who applied for the order under section <ref href="#d28e43897">303Z41</ref> agrees that the other party to the agreement has suffered loss as a result of—</p></intro><level class="para1"><num>(a)</num><content><p>the seizure of the forfeitable property under section <ref href="#d28e42699">303Z29</ref> and its subsequent detention, or</p></content></level><level class="para1"><num>(b)</num><content><p>the making of a crypto wallet freezing order under section <ref href="#d28e43582">303Z37</ref>.</p></content></level></subsection><subsection><num>(4)</num><content><p>The reduction that is permissible by virtue of subsection <ref href="#d28e44568">(3)</ref> is such amount as the parties to the agreement agree is reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subsection><subsection><num>(5)</num><content><p>An order under subsection <ref href="#d28e44506">(1)</ref> may, so far as required for giving effect to the agreement, include provision for vesting, creating or extinguishing any interest in property.</p></content></subsection><subsection eId="d28e44613"><num>(6)</num><intro><p>An order under subsection <ref href="#d28e44506">(1)</ref> made by a magistrates’ court may provide for payment under subsection <ref href="#d28e44719">(12)</ref> of reasonable legal expenses that a person has reasonably incurred, or may reasonably incur, in respect of—</p></intro><level class="para1"><num>(a)</num><content><p>the proceedings in which the order is made, or</p></content></level><level class="para1"><num>(b)</num><content><p>any related proceedings under this Chapter.</p></content></level></subsection><subsection eId="d28e44637"><num>(7)</num><intro><p>A sum in respect of a relevant item of expenditure is not payable under subsection <ref href="#d28e44719">(12)</ref> in pursuance of provision under subsection <ref href="#d28e44613">(6)</ref> unless—</p></intro><level class="para1"><num>(a)</num><content><p>the person who applied for the order under section <ref href="#d28e43897">303Z41</ref> agrees to its payment, or</p></content></level><level class="para1"><num>(b)</num><content><p>the court has assessed the amount allowed in respect of that item and the sum is paid in respect of the assessed amount.</p></content></level></subsection><subsection><num>(8)</num><intro><p>For the purposes of subsection <ref href="#d28e44637">(7)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>a “relevant item of expenditure” is an item of expenditure to which regulations under section 286B would apply if the order under subsection <ref href="#d28e44506">(1)</ref> had instead been a recovery order;</p></content></level><level class="para1"><num>(b)</num><content><p>an amount is “allowed” in respect of a relevant item of expenditure if it would have been allowed by those regulations.</p></content></level></subsection><subsection><num>(9)</num><content><p>For the purposes of section 308(2), on the making of an order under subsection <ref href="#d28e44506">(1)</ref>, the forfeitable property is to be treated as if it had been forfeited.</p></content></subsection><subsection><num>(10)</num><content><p>If there is more than one item of associated property or more than one excepted joint owner, the total amount to be paid under subsection <ref href="#d28e44506">(1)</ref>, and the part of that amount which is to be provided by each person who holds any such associated property or who is an excepted joint owner, is to be agreed between both (or all) of them and the person who applied for the order under section <ref href="#d28e43897">303Z41</ref>.</p></content></subsection><subsection><num>(11)</num><content><p>If the person who applied for the order under section <ref href="#d28e43897">303Z41</ref> was a constable, an SFO officer or an accredited financial investigator, that person may enter into an agreement for the purposes of any provision of this section only if the person is a senior officer or is authorised to do so by a senior officer.</p></content></subsection><subsection eId="d28e44719"><num>(12)</num><intro><p>An amount received under an order under subsection <ref href="#d28e44506">(1)</ref> must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, it must be applied in making any payment of legal expenses which, after giving effect to subsection <ref href="#d28e44637">(7)</ref>, are payable under this subsection in pursuance of provision under subsection <ref href="#d28e44613">(6)</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>second, it must be applied in payment or reimbursement of any reasonable costs incurred in storing or insuring the forfeitable property and any associated property whilst detained under this Part;</p></content></level><level class="para1"><num>(c)</num><intro><p>third, it must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if the order was made by a magistrates’ court, into the Consolidated Fund;</p></content></level><level class="para2"><num>(ii)</num><content><p>if the order was made by the sheriff, into the Scottish Consolidated Fund.</p></content></level></level></subsection></section><section eId="d28e44767"><num>303Z45</num><heading>Associated and joint property: default of agreement</heading><subsection eId="d28e44771"><num>(1)</num><content><p>Where this section applies and there is no agreement under section <ref href="#d28e44502">303Z44</ref>, the magistrates’ court or sheriff may transfer the application made under section <ref href="#d28e43897">303Z41</ref> to the appropriate court.</p></content></subsection><subsection><num>(2)</num><intro><p>The “appropriate court” is—</p></intro><level class="para1"><num>(a)</num><content><p>the High Court, where the application under section <ref href="#d28e43897">303Z41</ref> was made to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>the Court of Session, where the application under section <ref href="#d28e43897">303Z41</ref> was made to the sheriff.</p></content></level></subsection><subsection eId="d28e44807"><num>(3)</num><content><p>Where (under subsection <ref href="#d28e44771">(1)</ref>) an application made under section <ref href="#d28e43897">303Z41</ref> is transferred to the appropriate court, the appropriate court may order the forfeiture of the property to which the application relates, or any part of that property, if satisfied that what is to be forfeited is recoverable property or intended by any person for use in unlawful conduct.</p></content></subsection><subsection eId="d28e44819"><num>(4)</num><content><p>An order under subsection <ref href="#d28e44807">(3)</ref> made by the High Court may include provision of the type that may be included in an order under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43973">(4)</ref> made by a magistrates’ court by virtue of section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43991">(5)</ref>.</p></content></subsection><subsection eId="d28e44838"><num>(5)</num><content><p>If provision is included in an order of the High Court by virtue of subsection <ref href="#d28e44819">(4)</ref> of this section, section <ref href="#d28e43897">303Z41</ref><ref href="#d28e44015">(6)</ref> and <ref href="#d28e44042">(7)</ref> apply with the necessary modifications.</p></content></subsection><subsection eId="d28e44855"><num>(6)</num><intro><p>The appropriate court may, as well as making an order under subsection <ref href="#d28e44807">(3)</ref>, make an order—</p></intro><level class="para1"><num>(a)</num><content><p>providing for the forfeiture of the associated property or (as the case may be) for the excepted joint owner‘s interest to be extinguished, or</p></content></level><level class="para1"><num>(b)</num><content><p>providing for the excepted joint owner‘s interest to be severed.</p></content></level></subsection><subsection eId="d28e44876"><num>(7)</num><intro><p>Where (under subsection <ref href="#d28e44771">(1)</ref>) the magistrates’ court or sheriff decides not to transfer an application made under section <ref href="#d28e43897">303Z41</ref> to the appropriate court, the magistrates’ court or sheriff may, as well as making an order under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43973">(4)</ref>, make an order—</p></intro><level class="para1"><num>(a)</num><content><p>providing for the forfeiture of the associated property or (as the case may be) for the excepted joint owner‘s interest to be extinguished, or</p></content></level><level class="para1"><num>(b)</num><content><p>providing for the excepted joint owner‘s interest to be severed.</p></content></level></subsection><subsection><num>(8)</num><content><p>An order under subsection <ref href="#d28e44855">(6)</ref> or <ref href="#d28e44876">(7)</ref> may be made only if the appropriate court, the magistrates’ court or the sheriff (as the case may be) thinks it just and equitable to do so.</p></content></subsection><subsection eId="d28e44917"><num>(9)</num><content><p>An order under subsection <ref href="#d28e44855">(6)</ref> or <ref href="#d28e44876">(7)</ref> must provide for the payment of an amount to the person who holds the associated property or who is an excepted joint owner.</p></content></subsection><subsection><num>(10)</num><intro><p>In making an order under subsection <ref href="#d28e44855">(6)</ref> or <ref href="#d28e44876">(7)</ref>, and including provision in it by virtue of subsection <ref href="#d28e44917">(9)</ref>, the appropriate court, the magistrates’ court or the sheriff (as the case may be) must have regard to—</p></intro><level class="para1"><num>(a)</num><content><p>the rights of any person who holds the associated property or who is an excepted joint owner and the value to that person of that property or (as the case may be) of that person‘s share (including any value that cannot be assessed in terms of money), and</p></content></level><level class="para1"><num>(b)</num><content><p>the interest of the person who applied for the order under section <ref href="#d28e43897">303Z41</ref> in realising the value of the forfeitable property.</p></content></level></subsection><subsection eId="d28e44959"><num>(11)</num><intro><p>If the appropriate court, the magistrates’ court or the sheriff (as the case may be) is satisfied that—</p></intro><level class="para1"><num>(a)</num><intro><p>the person who holds the associated property or who is an excepted joint owner has suffered loss as a result of—</p></intro><level class="para2"><num>(i)</num><content><p>the seizure of the forfeitable property under section <ref href="#d28e42699">303Z29</ref> and its subsequent detention, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the making of the crypto wallet freezing order under section <ref href="#d28e43582">303Z37</ref>, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>the circumstances are exceptional,</p></content></level><wrapUp><p>an order under subsection <ref href="#d28e44855">(6)</ref> or <ref href="#d28e44876">(7)</ref> may require the payment of compensation to that person.</p></wrapUp></subsection><subsection><num>(12)</num><content><p>The amount of compensation to be paid by virtue of subsection <ref href="#d28e44959">(11)</ref> is the amount the appropriate court, the magistrates’ court or the sheriff (as the case may be) thinks reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subsection><subsection><num>(13)</num><content><p>Compensation to be paid by virtue of subsection <ref href="#d28e44959">(11)</ref> is to be paid in the same way that compensation is to be paid under section <ref href="#d28e45778">303Z52</ref>.</p></content></subsection></section><section eId="d28e45028"><num>303Z46</num><heading>Continuation of crypto wallet freezing order pending appeal</heading><subsection><num>(1)</num><intro><p>This section applies where, on an application under section <ref href="#d28e43897">303Z41</ref> in relation to a crypto wallet to which a crypto wallet freezing order applies—</p></intro><level class="para1"><num>(a)</num><intro><p>the magistrates’ court or sheriff decides—</p></intro><level class="para2"><num>(i)</num><content><p>to make an order under section 303Z41(4) in relation to some but not all of the cryptoassets to which the application related, or</p></content></level><level class="para2"><num>(ii)</num><content><p>not to make an order under section 303Z41(4), or</p></content></level></level><level class="para1"><num>(b)</num><intro><p>if the application is transferred in accordance with section 303Z45(1), the High Court or Court of Session decides—</p></intro><level class="para2"><num>(i)</num><content><p>to make an order under section 303Z45(3) in relation to some but not all of the cryptoassets to which the application related, or</p></content></level><level class="para2"><num>(ii)</num><content><p>not to make an order under section 303Z45(3).</p></content></level></level></subsection><subsection eId="d28e45077"><num>(2)</num><content><p>The person who made the application under section <ref href="#d28e43897">303Z41</ref> may apply without notice to the court or sheriff that made the decision referred to in subsection (1) for an order that the crypto wallet freezing order is to continue to have effect.</p></content></subsection><subsection eId="d28e45086"><num>(3)</num><intro><p>Where the court or sheriff makes an order under subsection <ref href="#d28e45077">(2)</ref> the crypto wallet freezing order is to continue to have effect until—</p></intro><level class="para1"><num>(a)</num><content><p>the end of the period of 48 hours starting with the making of the order under subsection <ref href="#d28e45077">(2)</ref>, or</p></content></level><level class="para1"><num>(b)</num><content><p>if within that period of 48 hours an appeal is brought (whether under section <ref href="#d28e45137">303Z47</ref> or otherwise) against the decision referred to in subsection (1), the time when the appeal is determined or otherwise disposed of.</p></content></level></subsection><subsection><num>(4)</num><content><p>Subsection <ref href="#d28e42802">(3)</ref> of section <ref href="#d28e42775">303Z31</ref> applies for the purposes of subsection <ref href="#d28e45086">(3)</ref> as it applies for the purposes of that section.</p></content></subsection></section><section eId="d28e45137"><num>303Z47</num><heading>Sections <ref href="#d28e43897">303Z41</ref> to <ref href="#d28e44767">303Z45</ref>: appeals</heading><subsection eId="d28e45141"><num>(1)</num><intro><p>Any party to proceedings for an order for the forfeiture of cryptoassets under section <ref href="#d28e43897">303Z41</ref> may appeal against—</p></intro><level class="para1"><num>(a)</num><content><p>the making of an order under section <ref href="#d28e43897">303Z41</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>the making of an order under section <ref href="#d28e44767">303Z45</ref><ref href="#d28e44876">(7)</ref>;</p></content></level><level class="para1" eId="d28e45170"><num>(c)</num><content><p>a decision not to make an order under section <ref href="#d28e43897">303Z41</ref> unless the reason that no order was made is that an order was instead made under section <ref href="#d28e44502">303Z44</ref>;</p></content></level><level class="para1" eId="d28e45182"><num>(d)</num><content><p>a decision not to make an order under section <ref href="#d28e44767">303Z45</ref><ref href="#d28e44876">(7)</ref>.</p></content></level><wrapUp><p>Paragraphs <ref href="#d28e45170">(c)</ref> and <ref href="#d28e45182">(d)</ref> do not apply if the application for the order under section <ref href="#d28e43897">303Z41</ref> was transferred in accordance with section <ref href="#d28e44767">303Z45</ref><ref href="#d28e44771">(1)</ref>.</p></wrapUp></subsection><subsection eId="d28e45210"><num>(2)</num><content><p>Where an order under section <ref href="#d28e44502">303Z44</ref> is made by a magistrates’ court, any party to the proceedings for the order (including any party to the proceedings under section <ref href="#d28e43897">303Z41</ref> that preceded the making of the order) may appeal against a decision to include, or not to include, provision in the order under section <ref href="#d28e44502">303Z44</ref><ref href="#d28e44613">(6)</ref>.</p></content></subsection><subsection><num>(3)</num><intro><p>An appeal under this section lies—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales, to the Crown Court;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, to the Sheriff Appeal Court;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to Northern Ireland, to a county court.</p></content></level></subsection><subsection eId="d28e45251"><num>(4)</num><content><p>An appeal under this section must be made before the end of the period of 30 days starting with the day on which the court or sheriff makes the order or decision.</p></content></subsection><subsection><num>(5)</num><content><p>The court hearing the appeal may make any order it thinks appropriate.</p></content></subsection><subsection eId="d28e45263"><num>(6)</num><content><p>If the court upholds an appeal against an order forfeiting any cryptoasset or other item of property, it may order the release of the whole or any part of the property.</p></content></subsection></section><section eId="d28e45272"><num>303Z48</num><heading>Realisation or destruction of forfeited cryptoassets etc</heading><subsection eId="d28e45276"><num>(1)</num><content><p>This section applies where any cryptoasset or other item of property is forfeited under this Chapter.</p></content></subsection><subsection eId="d28e45282"><num>(2)</num><intro><p>An enforcement officer must—</p></intro><level class="para1"><num>(a)</num><content><p>realise the property, or</p></content></level><level class="para1"><num>(b)</num><content><p>make arrangements for its realisation.</p></content></level><wrapUp><p>This is subject to subsections <ref href="#d28e45309">(3)</ref> to <ref href="#d28e45339">(5)</ref>.</p></wrapUp></subsection><subsection eId="d28e45309"><num>(3)</num><intro><p>The property is not to be realised—</p></intro><level class="para1"><num>(a)</num><content><p>before the end of the period within which an appeal may be made (whether under section <ref href="#d28e45137">303Z47</ref> or otherwise), or</p></content></level><level class="para1"><num>(b)</num><content><p>if an appeal is made within that period, before the appeal is determined or otherwise disposed of.</p></content></level></subsection><subsection><num>(4)</num><content><p>The realisation of property under subsection <ref href="#d28e45282">(2)</ref> must be carried out, so far as practicable, in the manner best calculated to maximise the amount obtained for the property.</p></content></subsection><subsection eId="d28e45339"><num>(5)</num><intro><p>Where an enforcement officer is satisfied that—</p></intro><level class="para1"><num>(a)</num><content><p>it is not reasonably practicable to realise any cryptoasset, or</p></content></level><level class="para1"><num>(b)</num><content><p>there are reasonable grounds to believe that the realisation of any cryptoasset would be contrary to the public interest,</p></content></level><wrapUp><p>the enforcement officer may destroy the cryptoasset.</p></wrapUp></subsection><subsection><num>(6)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>the enforcement officer may destroy the cryptoasset only if the officer is a senior officer or is authorised to do so by a senior officer, and</p></content></level><level class="para1"><num>(b)</num><intro><p>the cryptoasset is not to be destroyed—</p></intro><level class="para2"><num>(i)</num><content><p>before the end of the period within which an appeal may be made (whether under section <ref href="#d28e45137">303Z47</ref> or otherwise), or</p></content></level><level class="para2"><num>(ii)</num><content><p>if an appeal is made within that period, before the appeal is determined or otherwise disposed of.</p></content></level></level></subsection><subsection><num>(7)</num><content><p>The question of whether the realisation of the cryptoasset would be contrary to the public interest is to be determined with particular reference to how likely it is that the entry of the cryptoasset into general circulation would facilitate criminal conduct by any person.</p></content></subsection></section><section eId="d28e45401"><num>303Z49</num><heading>Proceeds of realisation</heading><subsection><num>(1)</num><content><p>This section applies where any cryptoasset or other item of property is realised under section <ref href="#d28e45272">303Z48</ref>.</p></content></subsection><subsection><num>(2)</num><intro><p>The proceeds of the realisation must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, they must be applied in making any payment required to be made by virtue of section <ref href="#d28e44767">303Z45</ref><ref href="#d28e44917">(9)</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>second, they must be applied in making any payment of legal expenses which, after giving effect to section <ref href="#d28e43897">303Z41</ref><ref href="#d28e44015">(6)</ref> (including as applied by section <ref href="#d28e44767">303Z45</ref><ref href="#d28e44838">(5)</ref>), are payable under this subsection in pursuance of provision under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43991">(5)</ref> or, as the case may be, <ref href="#d28e44767">303Z45</ref><ref href="#d28e44819">(4)</ref>;</p></content></level><level class="para1" eId="d28e45458"><num>(c)</num><content><p>third, they must be applied in payment or reimbursement of any reasonable costs incurred in storing or insuring the property whilst detained under this Part and in realising the property;</p></content></level><level class="para1"><num>(d)</num><intro><p>fourth, they must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if the property was forfeited by a magistrates’ court or the High Court, into the Consolidated Fund;</p></content></level><level class="para2"><num>(ii)</num><content><p>if the property was forfeited by the sheriff or the Court of Session, into the Scottish Consolidated Fund.</p></content></level></level></subsection><subsection><num>(3)</num><content><p>If what is realised under section <ref href="#d28e45272">303Z48</ref> represents part only of an item of property, the reference in subsection <ref href="#d28e45458">(2)(c)</ref> to costs incurred in storing or insuring the property is to be read as a reference to costs incurred in storing or insuring the whole of the property.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Supplementary</heading><section><num>303Z50</num><heading>Victims and other owners: detained cryptoassets</heading><subsection eId="d28e45504"><num>(1)</num><content><p>A person who claims that any cryptoassets detained under this Part belong to the person may apply for some or all of the cryptoassets to be released.</p></content></subsection><subsection><num>(2)</num><intro><p>An application under subsection <ref href="#d28e45504">(1)</ref> is to be made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, to the sheriff.</p></content></level></subsection><subsection><num>(3)</num><content><p>The application may be made in the course of proceedings under section <ref href="#d28e42850">303Z32</ref> or <ref href="#d28e43897">303Z41</ref> or at any other time.</p></content></subsection><subsection><num>(4)</num><intro><p>The court or sheriff may order the cryptoassets to which the application relates to be released to the applicant if it appears to the court or sheriff that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the cryptoassets to which the application relates, or of property which they represent, by unlawful conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, recoverable property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the cryptoassets belong to the applicant.</p></content></level></subsection><subsection eId="d28e45567"><num>(5)</num><content><p>If subsection <ref href="#d28e45576">(6)</ref> applies, the court or sheriff may order the cryptoassets to which the application relates to be released to the applicant or to the person from whom they were seized.</p></content></subsection><subsection eId="d28e45576"><num>(6)</num><intro><p>This subsection applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the cryptoassets to which the application relates were seized,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the court or sheriff that those cryptoassets belong to the applicant,</p></content></level><level class="para1"><num>(c)</num><content><p>the court or sheriff is satisfied that the release condition is met in relation to those cryptoassets, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under subsection <ref href="#d28e45567">(5)</ref> has been made by the person from whom those cryptoassets were seized.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>if the conditions in Chapter 3C for the detention of the cryptoassets are no longer met, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to cryptoassets which are subject to an application for forfeiture under section <ref href="#d28e43897">303Z41</ref>, if the court or sheriff decides not to make an order under that section in relation to the cryptoassets.</p></content></level></subsection></section><section><num>303Z51</num><heading>Victims and other owners: crypto wallet freezing orders</heading><subsection eId="d28e45637"><num>(1)</num><content><p>A person who claims that any cryptoassets held in a crypto wallet in respect of which a crypto wallet freezing order has effect belong to the person may apply for some or all of the cryptoassets to be released.</p></content></subsection><subsection><num>(2)</num><intro><p>An application under subsection <ref href="#d28e45637">(1)</ref> is to be made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, to the sheriff.</p></content></level></subsection><subsection><num>(3)</num><content><p>The application may be made in the course of proceedings under section <ref href="#d28e43582">303Z37</ref> or <ref href="#d28e43897">303Z41</ref> or at any other time.</p></content></subsection><subsection eId="d28e45676"><num>(4)</num><intro><p>The court or sheriff may, subject to subsection (8), order the cryptoassets to which the application relates to be released to the applicant if it appears to the court or sheriff that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the cryptoassets to which the application relates, or of property which they represent, by unlawful conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, recoverable property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the cryptoassets belong to the applicant.</p></content></level></subsection><subsection eId="d28e45700"><num>(5)</num><content><p>If subsection <ref href="#d28e45709">(6)</ref> applies, the court or sheriff may, subject to subsection (8), order the cryptoassets to which the application relates to be released to the applicant.</p></content></subsection><subsection eId="d28e45709"><num>(6)</num><intro><p>This subsection applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the cryptoassets to which the application relates were seized,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the court or sheriff that those cryptoassets belong to the applicant,</p></content></level><level class="para1"><num>(c)</num><content><p>the court or sheriff is satisfied that the release condition is met in relation to those cryptoassets, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under subsection <ref href="#d28e45700">(5)</ref> has been made by the person from whom those cryptoassets were seized.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>if the conditions for the making of the crypto wallet freezing order are no longer met in relation to the cryptoassets to which the application relates, or</p></content></level><level class="para1" eId="d28e45754"><num>(b)</num><content><p>in relation to cryptoassets held in a crypto wallet subject to a crypto wallet freezing order which are subject to an application for forfeiture under section <ref href="#d28e43897">303Z41</ref>, if the court or sheriff decides not to make an order under that section in relation to the cryptoassets.</p></content></level></subsection><subsection><num>(8)</num><content><p>If an application under section 303Z41 is made for the forfeiture of the cryptoassets, the cryptoassets are not to be released under this section until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.</p></content></subsection><subsection><num>(9)</num><content><p>In relation to cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order, references in this section to a person from whom cryptoassets were seized include a reference to a person by or for whom the crypto wallet was administered immediately before the crypto wallet freezing order was made.</p></content></subsection></section><section eId="d28e45778"><num>303Z52</num><heading>Compensation</heading><subsection><num>(1)</num><content><p>This section applies if no order is made under section <ref href="#d28e43897">303Z41</ref>, <ref href="#d28e44502">303Z44</ref> or <ref href="#d28e44767">303Z45</ref> in respect of cryptoassets detained under this Part or held in a crypto wallet that is subject to a crypto wallet freezing order under section <ref href="#d28e43582">303Z37</ref>.</p></content></subsection><subsection><num>(2)</num><intro><p>Where this section applies, the following may make an application to the relevant court for compensation—</p></intro><level class="para1"><num>(a)</num><content><p>a person to whom the cryptoassets belong or from whom they were seized, or</p></content></level><level class="para1"><num>(b)</num><content><p>a person by or for whom a crypto wallet to which the crypto wallet freezing order applies is administered.</p></content></level></subsection><subsection><num>(3)</num><content><p>If the relevant court is satisfied that the applicant has suffered loss as a result of the detention of the cryptoassets or the making of the crypto wallet freezing order and that the circumstances are exceptional, the relevant court may order compensation to be paid to the applicant.</p></content></subsection><subsection><num>(4)</num><content><p>The amount of compensation to be paid is the amount the relevant court thinks reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subsection><subsection><num>(5)</num><content><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by an officer of Revenue and Customs, the compensation is to be paid by the Commissioners for His Majesty’s Revenue and Customs.</p></content></subsection><subsection><num>(6)</num><intro><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by a constable, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a constable of a police force in England and Wales, it is to be paid out of the police fund from which the expenses of the police force are met;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of a constable of the Police Service of Scotland, it is to be paid by the Scottish Police Authority;</p></content></level><level class="para1"><num>(c)</num><content><p>in the case of a police officer within the meaning of the Police (Northern Ireland) Act 2000, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland.</p></content></level></subsection><subsection><num>(7)</num><content><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by an SFO officer, the compensation is to be paid by the Director of the Serious Fraud Office.</p></content></subsection><subsection><num>(8)</num><content><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by a National Crime Agency officer, the compensation is to be paid by the National Crime Agency.</p></content></subsection><subsection eId="d28e45872"><num>(9)</num><intro><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by an accredited financial investigator who was not an officer of Revenue and Customs, a constable, an SFO officer or a National Crime Agency officer, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><intro><p>in the case of an investigator who was—</p></intro><level class="para2"><num>(i)</num><content><p>a member of the civilian staff of a police force (including the metropolitan police force), within the meaning of Part 1 of the Police Reform and Social Responsibility Act 2011, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a member of staff of the City of London police force,</p></content></level><wrapUp><p>it is to be paid out of the police fund from which the expenses of the police force are met,</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>in the case of an investigator who was a member of staff of the Police Service of Northern Ireland, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland,</p></content></level><level class="para1"><num>(c)</num><content><p>in the case of an investigator who was a member of staff of a department of the Government of the United Kingdom, it is to be paid by the Minister of the Crown in charge of the department or by the department,</p></content></level><level class="para1"><num>(d)</num><content><p>in the case of an investigator who was a member of staff of a Northern Ireland department, it is to be paid by the department,</p></content></level><level class="para1"><num>(e)</num><content><p>in the case of an investigator who was exercising a function of the Welsh Revenue Authority, it is to be paid by the Welsh Revenue Authority, and</p></content></level><level class="para1"><num>(f)</num><content><p>in any other case, it is to be paid by the employer of the investigator.</p></content></level></subsection><subsection eId="d28e45928"><num>(10)</num><content><p>The Secretary of State may by regulations amend subsection <ref href="#d28e45872">(9)</ref>.</p></content></subsection><subsection><num>(11)</num><intro><p>The power in subsection <ref href="#d28e45928">(10)</ref> is exercisable by the Department of Justice (and not by the Secretary of State) so far as it may be used to make provision that—</p></intro><level class="para1"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level><level class="para1"><num>(b)</num><content><p>would not, if contained in a Bill for an Act of the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State.</p></content></level></subsection><subsection><num>(12)</num><content><p>If an order under section <ref href="#d28e43582">303Z37</ref>, <ref href="#d28e43897">303Z41</ref>, <ref href="#d28e44502">303Z44</ref> or <ref href="#d28e44767">303Z45</ref> is made in respect of some of the cryptoassets detained or held, this section has effect in relation to the remainder.</p></content></subsection><subsection><num>(13)</num><intro><p>In this section “<term refersTo="#term-relevant-court">relevant court</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, a magistrates’ court, and</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, the sheriff.</p></content></level></subsection></section><section><num>303Z53</num><heading>Powers for prosecutors to appear in proceedings</heading><subsection eId="d28e46005"><num>(1)</num><intro><p>The Director of Public Prosecutions or the Director of Public Prosecutions for Northern Ireland may appear for a constable or an accredited financial investigator in proceedings under this Chapter if the Director—</p></intro><level class="para1"><num>(a)</num><content><p>is asked by, or on behalf of, a constable or (as the case may be) an accredited financial investigator to do so, and</p></content></level><level class="para1"><num>(b)</num><content><p>considers it appropriate to do so.</p></content></level></subsection><subsection eId="d28e46023"><num>(2)</num><intro><p>The Director of Public Prosecutions may appear for the Commissioners for His Majesty’s Revenue and Customs or an officer of Revenue and Customs in proceedings under this Chapter if the Director—</p></intro><level class="para1"><num>(a)</num><content><p>is asked by, or on behalf of, the Commissioners for His Majesty’s Revenue and Customs or (as the case may be) an officer of Revenue and Customs to do so, and</p></content></level><level class="para1"><num>(b)</num><content><p>considers it appropriate to do so.</p></content></level></subsection><subsection><num>(3)</num><content><p>The Directors may charge fees for the provision of services under this section.</p></content></subsection><subsection><num>(4)</num><content><p>The references in subsection <ref href="#d28e46005">(1)</ref> to an accredited financial investigator do not include an accredited financial investigator who is an officer of Revenue and Customs but the references in subsection <ref href="#d28e46023">(2)</ref> to an officer of Revenue and Customs do include an accredited financial investigator who is an officer of Revenue and Customs.</p></content></subsection></section></hcontainer></chapter><chapter><num>CHAPTER 3F</num><heading>Conversion of cryptoassets</heading><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Conversion</heading><section eId="d28e46070"><num>303Z54</num><heading>Detained cryptoassets: conversion</heading><subsection><num>(1)</num><content><p>Subsection <ref href="#d28e46089">(2)</ref> applies while any cryptoassets are detained in pursuance of an order under section <ref href="#d28e42730">303Z30</ref> or <ref href="#d28e42850">303Z32</ref> (including where cryptoassets are subject to forfeiture proceedings).</p></content></subsection><subsection eId="d28e46089"><num>(2)</num><content><p>A person within subsection <ref href="#d28e46098">(3)</ref> may apply to the relevant court for an order requiring all of the cryptoassets detained pursuant to the order to be converted into money.</p></content></subsection><subsection eId="d28e46098"><num>(3)</num><intro><p>The following persons are within this subsection—</p></intro><level class="para1"><num>(a)</num><content><p>an enforcement officer;</p></content></level><level class="para1"><num>(b)</num><content><p>a person from whom the cryptoassets were seized.</p></content></level></subsection><subsection><num>(4)</num><content><p>In deciding whether to make an order under this section, the court must have regard to whether the cryptoassets (as a whole) are likely to suffer a significant loss in value during the period before they are released or forfeited (including the period during which an appeal against an order for forfeiture may be made).</p></content></subsection><subsection><num>(5)</num><intro><p>Before making an order under this section the court must give an opportunity to be heard to—</p></intro><level class="para1"><num>(a)</num><content><p>the parties to the proceedings, and</p></content></level><level class="para1"><num>(b)</num><content><p>any other person who may be affected by its decision.</p></content></level></subsection><subsection eId="d28e46140"><num>(6)</num><content><p>As soon as practicable after an order is made under this section, an enforcement officer must convert the cryptoassets, or arrange for the cryptoassets to be converted, into money.</p></content></subsection><subsection><num>(7)</num><content><p>The conversion of cryptoassets under subsection <ref href="#d28e46140">(6)</ref> must be carried out, so far as practicable, in the manner best calculated to maximise the amount of money obtained for the cryptoassets.</p></content></subsection><subsection><num>(8)</num><content><p>At the first opportunity after the cryptoassets are converted, the enforcement officer must arrange for the amount of money obtained for the cryptoassets to be paid into an interest-bearing account and held there.</p></content></subsection><subsection><num>(9)</num><content><p>Interest accruing on the amount is to be added to it on its forfeiture or release.</p></content></subsection><subsection><num>(10)</num><intro><p>Where cryptoassets are converted into money in accordance with an order made under this section—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoassets are no longer to be treated as being detained in pursuance of an order under section <ref href="#d28e42730">303Z30</ref> or <ref href="#d28e42850">303Z32</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>any application made under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43922">(2)</ref> in relation to the cryptoassets which has not yet been determined or otherwise disposed of (including under section <ref href="#d28e44502">303Z44</ref> or <ref href="#d28e44767">303Z45</ref>) is to be treated as if it were an application made under section <ref href="#d28e47107">303Z60</ref><ref href="#d28e47123">(2)</ref> in relation to the converted cryptoassets.</p></content></level></subsection><subsection><num>(11)</num><content><p>An order made under this section must provide for notice to be given to persons affected by the order.</p></content></subsection><subsection><num>(12)</num><content><p>No appeal may be made against an order made under this section.</p></content></subsection></section><section eId="d28e46223"><num>303Z55</num><heading>Frozen crypto wallet: conversion</heading><subsection><num>(1)</num><content><p>This section applies while a crypto wallet freezing order under section <ref href="#d28e43582">303Z37</ref> has effect (including where cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order are subject to forfeiture proceedings).</p></content></subsection><subsection><num>(2)</num><content><p>A person within subsection <ref href="#d28e46245">(3)</ref> may apply to the relevant court for an order requiring all of the cryptoassets held in the crypto wallet to be converted into money.</p></content></subsection><subsection eId="d28e46245"><num>(3)</num><intro><p>The following persons are within this subsection—</p></intro><level class="para1"><num>(a)</num><content><p>an enforcement officer;</p></content></level><level class="para1"><num>(b)</num><content><p>a person by or for whom the crypto wallet is administered.</p></content></level></subsection><subsection><num>(4)</num><intro><p>In deciding whether to make an order under this section, the court must have regard to whether the cryptoassets (as a whole) are likely to suffer a significant loss in value during the period before—</p></intro><level class="para1"><num>(a)</num><content><p>the crypto wallet freezing order ceases to have effect, or</p></content></level><level class="para1"><num>(b)</num><content><p>the cryptoassets are forfeited (including the period during which an appeal against an order for forfeiture may be made).</p></content></level></subsection><subsection><num>(5)</num><intro><p>Before making an order under this section the court must give an opportunity to be heard to—</p></intro><level class="para1"><num>(a)</num><content><p>the parties to the proceedings, and</p></content></level><level class="para1"><num>(b)</num><content><p>any other person who may be affected by its decision.</p></content></level></subsection><subsection eId="d28e46299"><num>(6)</num><content><p>As soon as practicable after an order is made under this section, the UK-connected cryptoasset service provider that administers the crypto wallet must convert the cryptoassets, or arrange for the cryptoassets to be converted, into money.</p></content></subsection><subsection><num>(7)</num><content><p>The conversion of cryptoassets under subsection <ref href="#d28e46299">(6)</ref> must be carried out, so far as practicable, in the manner best calculated to maximise the amount of money obtained for the cryptoassets.</p></content></subsection><subsection><num>(8)</num><content><p>At the first opportunity after the cryptoassets are converted, the UK-connected cryptoasset service provider must arrange for the amount of money obtained for the cryptoassets to be paid into an interest-bearing account nominated by an enforcement officer and held there.</p></content></subsection><subsection><num>(9)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>the UK-connected cryptoasset service provider may deduct any reasonable expenses incurred by the provider in connection with the conversion of the cryptoassets, and</p></content></level><level class="para1"><num>(b)</num><content><p>the amount to be treated as the proceeds of the conversion of the cryptoassets is to be reduced accordingly.</p></content></level></subsection><subsection><num>(10)</num><content><p>Interest accruing on the amount obtained for the cryptoassets is to be added to it on its forfeiture or release.</p></content></subsection><subsection><num>(11)</num><intro><p>Where cryptoassets are converted in accordance with an order made under this section—</p></intro><level class="para1"><num>(a)</num><content><p>the crypto wallet freezing order ceases to have effect,</p></content></level><level class="para1" eId="d28e46356"><num>(b)</num><content><p>any application made under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43922">(2)</ref> in relation to the cryptoassets which has not yet been determined or otherwise disposed of (including under section <ref href="#d28e44502">303Z44</ref> or <ref href="#d28e44767">303Z45</ref>) is to be treated as if it were an application made under section <ref href="#d28e47107">303Z60</ref><ref href="#d28e47123">(2)</ref> in relation to the converted cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><content><p>any application made under section <ref href="#d28e45028">303Z46</ref><ref href="#d28e45077">(2)</ref> in relation to the crypto wallet which has not yet been determined or otherwise disposed of may not be proceeded with.</p></content></level></subsection><subsection><num>(12)</num><content><p>An order made under this section must provide for notice to be given to persons affected by the order.</p></content></subsection><subsection><num>(13)</num><content><p>No appeal may be made against an order made under this section.</p></content></subsection></section><section><num>303Z56</num><heading>Conversion: existing forfeiture proceedings</heading><subsection eId="d28e46409"><num>(1)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets are forfeited under section <ref href="#d28e43897">303Z41</ref> or <ref href="#d28e44767">303Z45</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>before the cryptoassets are realised or destroyed in accordance with section <ref href="#d28e45272">303Z48</ref>, an order is made under section <ref href="#d28e46070">303Z54</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>section <ref href="#d28e47270">303Z62</ref><ref href="#d28e47274">(1)</ref> applies in relation to the converted cryptoassets as if they had been detained under section <ref href="#d28e46618">303Z57</ref> and forfeited under section <ref href="#d28e47107">303Z60</ref> (and accordingly section <ref href="#d28e45272">303Z48</ref> ceases to apply).</p></wrapUp></subsection><subsection eId="d28e46455"><num>(2)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets are forfeited under section <ref href="#d28e43897">303Z41</ref> or <ref href="#d28e44767">303Z45</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>before the cryptoassets are realised or destroyed in accordance with section <ref href="#d28e45272">303Z48</ref>, an order is made under section <ref href="#d28e46223">303Z55</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>section <ref href="#d28e47270">303Z62</ref><ref href="#d28e47332">(2)</ref> applies in relation to the converted cryptoassets as if they had been detained under section <ref href="#d28e46805">303Z58</ref> and forfeited under section <ref href="#d28e47107">303Z60</ref> (and accordingly section <ref href="#d28e45272">303Z48</ref> ceases to apply).</p></wrapUp></subsection><subsection><num>(3)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>an appeal may be made under section <ref href="#d28e45137">303Z47</ref><ref href="#d28e45141">(1)</ref> or <ref href="#d28e45210">(2)</ref> in relation to the determination of an application under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43922">(2)</ref> for the forfeiture of cryptoassets (including where section <ref href="#d28e44502">303Z44</ref> or <ref href="#d28e44767">303Z45</ref> applies), and</p></content></level><level class="para1"><num>(b)</num><content><p>an order is made under section <ref href="#d28e46070">303Z54</ref> or <ref href="#d28e46223">303Z55</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>the appeal may instead be made under section <ref href="#d28e47215">303Z61</ref> (within the time allowed by section <ref href="#d28e45137">303Z47</ref><ref href="#d28e45251">(4)</ref>) as if it were an appeal against the determination of an application under section <ref href="#d28e47107">303Z60</ref>.</p></wrapUp></subsection><subsection><num>(4)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>an appeal is made under section <ref href="#d28e45137">303Z47</ref><ref href="#d28e45141">(1)</ref> or <ref href="#d28e45210">(2)</ref> in relation to the determination of an application under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43922">(2)</ref> for the forfeiture of cryptoassets (including where section <ref href="#d28e44502">303Z44</ref> or <ref href="#d28e44767">303Z45</ref> applies), and</p></content></level><level class="para1"><num>(b)</num><content><p>before the appeal is determined or otherwise disposed of, an order is made under section <ref href="#d28e46070">303Z54</ref> or <ref href="#d28e46223">303Z55</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>the appeal is to be treated as if it had been made under section <ref href="#d28e47215">303Z61</ref><ref href="#d28e47219">(1)</ref> in relation to the determination of an application under section <ref href="#d28e47107">303Z60</ref> for the forfeiture of the converted cryptoassets.</p></wrapUp></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Detention</heading><section eId="d28e46618"><num>303Z57</num><heading>Detained cryptoassets: detention of proceeds of conversion</heading><subsection eId="d28e46622"><num>(1)</num><content><p>This section applies where cryptoassets are converted into money in accordance with an order under section <ref href="#d28e46070">303Z54</ref>.</p></content></subsection><subsection eId="d28e46631"><num>(2)</num><content><p>The proceeds of the conversion (the “converted cryptoassets”) may be detained initially until the end of the period that the cryptoassets could, immediately before the conversion, have been detained under Chapter 3C (ignoring the possibility of any extension of that period).</p></content></subsection><subsection eId="d28e46637"><num>(3)</num><content><p>The period for which the converted cryptoassets may be detained may be extended by an order made by the relevant court.</p></content></subsection><subsection eId="d28e46643"><num>(4)</num><content><p>An order under subsection <ref href="#d28e46637">(3)</ref> may not authorise the detention of the converted cryptoassets beyond the end of the period of 2 years beginning with the relevant date; but this is subject to subsection <ref href="#d28e46655">(5)</ref>.</p></content></subsection><subsection eId="d28e46655"><num>(5)</num><content><p>The relevant court may make an order for the period of 2 years in subsection <ref href="#d28e46643">(4)</ref> to be extended to a period of up to 3 years beginning with the relevant date.</p></content></subsection><subsection><num>(6)</num><content><p>In subsections <ref href="#d28e46643">(4)</ref> and <ref href="#d28e46655">(5)</ref> “<term refersTo="#term-the-relevant-date">the relevant date</term>” means the date on which the first order under section <ref href="#d28e42730">303Z30</ref> or <ref href="#d28e42850">303Z32</ref> (as the case may be) was made in relation to the cryptoassets.</p></content></subsection><subsection><num>(7)</num><intro><p>An application for an order under subsection <ref href="#d28e46637">(3)</ref> or <ref href="#d28e46655">(5)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><intro><p>in relation to England and Wales and Northern Ireland, by—</p></intro><level class="para2"><num>(i)</num><content><p>the Commissioners for His Majesty’s Revenue and Customs,</p></content></level><level class="para2"><num>(ii)</num><content><p>a constable,</p></content></level><level class="para2"><num>(iii)</num><content><p>an SFO officer, or</p></content></level><level class="para2"><num>(iv)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453, and</p></content></level></level><level class="para1" eId="d28e46727"><num>(b)</num><content><p>in relation to Scotland, by the Scottish Ministers in connection with their functions under section <ref href="#d28e43897">303Z41</ref> or by a procurator fiscal.</p></content></level></subsection><subsection eId="d28e46736"><num>(8)</num><intro><p>The relevant court may make an order under subsection <ref href="#d28e46637">(3)</ref> only if satisfied that there are reasonable grounds for suspecting that the converted cryptoassets to be further detained—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection eId="d28e46757"><num>(9)</num><content><p>The relevant court may make an order under subsection <ref href="#d28e46655">(5)</ref> only if satisfied that a request for assistance is outstanding in relation to the cryptoassets mentioned in subsection <ref href="#d28e46622">(1)</ref>.</p></content></subsection><subsection><num>(10)</num><intro><p>A “request for assistance” in subsection <ref href="#d28e46757">(9)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the cryptoassets, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an enforcement officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Part, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A (evidence overseas).</p></content></level></subsection></section><section eId="d28e46805"><num>303Z58</num><heading>Frozen crypto wallets: detention of proceeds of conversion</heading><subsection eId="d28e46809"><num>(1)</num><content><p>This section applies where cryptoassets held in a crypto wallet subject to a crypto wallet freezing order are converted into money in accordance with an order under section <ref href="#d28e46223">303Z55</ref>.</p></content></subsection><subsection eId="d28e46818"><num>(2)</num><content><p>The proceeds of the conversion (the “converted cryptoassets”) may be detained initially until the end of the period that the crypto wallet freezing order was, immediately before the conversion, due to have effect under Chapter 3D (ignoring the possibility of any extension of that period).</p></content></subsection><subsection eId="d28e46824"><num>(3)</num><content><p>The period for which the converted cryptoassets may be detained may be extended by an order made by the relevant court.</p></content></subsection><subsection eId="d28e46830"><num>(4)</num><content><p>An order under subsection <ref href="#d28e46824">(3)</ref> may not authorise the detention of the converted cryptoassets beyond the end of the period of 2 years beginning with the day on which the crypto wallet freezing order was made; but this is subject to subsection <ref href="#d28e46655">(5)</ref>.</p></content></subsection><subsection eId="d28e46842"><num>(5)</num><content><p>The relevant court may make an order for the period of 2 years in subsection <ref href="#d28e46830">(4)</ref> to be extended to a period of up to 3 years beginning with the day on which the crypto wallet freezing order was made.</p></content></subsection><subsection><num>(6)</num><intro><p>An application for an order under subsection <ref href="#d28e46824">(3)</ref> or <ref href="#d28e46842">(5)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><intro><p>in relation to England and Wales and Northern Ireland, by—</p></intro><level class="para2"><num>(i)</num><content><p>the Commissioners for His Majesty’s Revenue and Customs,</p></content></level><level class="para2"><num>(ii)</num><content><p>a constable,</p></content></level><level class="para2"><num>(iii)</num><content><p>an SFO officer, or</p></content></level><level class="para2"><num>(iv)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453, and</p></content></level></level><level class="para1" eId="d28e46893"><num>(b)</num><content><p>in relation to Scotland, by the Scottish Ministers in connection with their functions under section <ref href="#d28e43897">303Z41</ref> or by a procurator fiscal.</p></content></level></subsection><subsection eId="d28e46902"><num>(7)</num><intro><p>The relevant court may make an order under subsection <ref href="#d28e46824">(3)</ref> only if satisfied that there are reasonable grounds for suspecting that the converted cryptoassets to be further detained—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection eId="d28e46923"><num>(8)</num><content><p>The relevant court may make an order under subsection <ref href="#d28e46842">(5)</ref> only if satisfied that a request for assistance is outstanding in relation to the cryptoassets mentioned in subsection <ref href="#d28e46622">(1)</ref>.</p></content></subsection><subsection><num>(9)</num><intro><p>A “request for assistance” in subsection <ref href="#d28e46923">(8)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the cryptoassets, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an enforcement officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Part, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A (evidence overseas).</p></content></level></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Release</heading><section><num>303Z59</num><heading>Release of detained converted cryptoassets</heading><subsection><num>(1)</num><content><p>This section applies while any converted cryptoassets are detained under section <ref href="#d28e46618">303Z57</ref> or <ref href="#d28e46805">303Z58</ref>.</p></content></subsection><subsection eId="d28e46990"><num>(2)</num><content><p>The relevant court may direct the release of the whole or any part of the converted cryptoassets if the following condition is met.</p></content></subsection><subsection eId="d28e46996"><num>(3)</num><intro><p>The condition is that, on an application by the relevant person, the court is not satisfied that there are reasonable grounds for suspecting that the converted cryptoassets to be released—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection eId="d28e47014"><num>(4)</num><intro><p>In subsection <ref href="#d28e46996">(3)</ref> “<term refersTo="#term-the-relevant-person">the relevant person</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of converted cryptoassets detained under section <ref href="#d28e46618">303Z57</ref>, the person from whom the cryptoassets mentioned in subsection <ref href="#d28e46622">(1)</ref> of that section were seized, and</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of converted cryptoassets detained under section <ref href="#d28e46805">303Z58</ref>, any person affected by the crypto wallet freezing order mentioned in subsection <ref href="#d28e46809">(1)</ref> of that section.</p></content></level></subsection><subsection eId="d28e47050"><num>(5)</num><content><p>A person within subsection <ref href="#d28e47059">(6)</ref> may, after notifying the magistrates’ court or sheriff under whose order converted cryptoassets are being detained, release the whole or any part of the converted cryptoassets if satisfied that the detention is no longer justified.</p></content></subsection><subsection eId="d28e47059"><num>(6)</num><intro><p>The following persons are within this subsection—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales or Northern Ireland, an enforcement officer;</p></content></level><level class="para1"><num>(b)</num><intro><p>in relation to Scotland—</p></intro><level class="para2"><num>(i)</num><content><p>the Scottish Ministers,</p></content></level><level class="para2"><num>(ii)</num><content><p>an officer of Revenue and Customs,</p></content></level><level class="para2"><num>(iii)</num><content><p>a constable, and</p></content></level><level class="para2"><num>(iv)</num><content><p>a procurator fiscal.</p></content></level></level></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Forfeiture</heading><section eId="d28e47107"><num>303Z60</num><heading>Forfeiture order</heading><subsection><num>(1)</num><content><p>This section applies while any converted cryptoassets are detained under section <ref href="#d28e46618">303Z57</ref> or <ref href="#d28e46805">303Z58</ref>.</p></content></subsection><subsection eId="d28e47123"><num>(2)</num><intro><p>An application for the forfeiture of some or all of the converted cryptoassets may be made—</p></intro><level class="para1" eId="d28e47129"><num>(a)</num><content><p>to a magistrates’ court by a person within subsection <ref href="#d28e47144">(3)</ref>, or</p></content></level><level class="para1"><num>(b)</num><content><p>to the sheriff by the Scottish Ministers.</p></content></level></subsection><subsection eId="d28e47144"><num>(3)</num><intro><p>The following persons are within this subsection—</p></intro><level class="para1"><num>(a)</num><content><p>the Commissioners for His Majesty’s Revenue and Customs,</p></content></level><level class="para1"><num>(b)</num><content><p>a constable,</p></content></level><level class="para1"><num>(c)</num><content><p>an SFO officer, and</p></content></level><level class="para1"><num>(d)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453.</p></content></level></subsection><subsection><num>(4)</num><intro><p>The court or sheriff may order the forfeiture of some or all of the converted cryptoassets if satisfied that the converted cryptoassets to be forfeited—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection><num>(5)</num><content><p>But in the case of recoverable property which belongs to joint tenants, one of whom is an excepted joint owner, the order may not apply to so much of it as the court thinks is attributable to the excepted joint owner’s share.</p></content></subsection><subsection><num>(6)</num><content><p>Where an application for forfeiture is made under this section, the converted cryptoassets are to continue to be detained under section <ref href="#d28e46618">303Z57</ref> or <ref href="#d28e46805">303Z58</ref> (and may not be released under any power conferred by this Chapter) until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.</p></content></subsection></section><section eId="d28e47215"><num>303Z61</num><heading>Appeal against decision under section <ref href="#d28e47107">303Z60</ref></heading><subsection eId="d28e47219"><num>(1)</num><intro><p>Any party to proceedings for an order for the forfeiture of converted cryptoassets under section <ref href="#d28e47107">303Z60</ref> who is aggrieved by an order under that section or by the decision of the court not to make such an order may appeal—</p></intro><level class="para1"><num>(a)</num><content><p>from an order or decision of a magistrates’ court in England and Wales, to the Crown Court;</p></content></level><level class="para1"><num>(b)</num><content><p>from an order or decision of the sheriff, to the Sheriff Appeal Court;</p></content></level><level class="para1"><num>(c)</num><content><p>from an order or decision of a magistrates’ court in Northern Ireland, to a county court.</p></content></level></subsection><subsection><num>(2)</num><content><p>An appeal under subsection <ref href="#d28e47219">(1)</ref> must be made before the end of the period of 30 days starting with the day on which the court makes the order or decision.</p></content></subsection><subsection><num>(3)</num><content><p>The court hearing the appeal may make any order it thinks appropriate.</p></content></subsection><subsection><num>(4)</num><content><p>If the court upholds an appeal against an order forfeiting the converted cryptoassets, it may order the release of some or all of the converted cryptoassets.</p></content></subsection></section><section eId="d28e47270"><num>303Z62</num><heading>Application of forfeited converted cryptoassets</heading><subsection eId="d28e47274"><num>(1)</num><intro><p>Converted cryptoassets detained under section <ref href="#d28e46618">303Z57</ref> and forfeited under section <ref href="#d28e47107">303Z60</ref>, and any accrued interest on them, must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, they must be applied in making any payment of reasonable expenses incurred by an enforcement officer in connection with the safe storage of the cryptoassets mentioned in section <ref href="#d28e46618">303Z57</ref><ref href="#d28e46622">(1)</ref> during the period the cryptoassets were detained under Chapter 3C;</p></content></level><level class="para1"><num>(b)</num><content><p>second, they must be applied in making any payment of reasonable expenses incurred by an enforcement officer in connection with the conversion of those cryptoassets under section <ref href="#d28e46070">303Z54</ref><ref href="#d28e46140">(6)</ref>;</p></content></level><level class="para1"><num>(c)</num><content><p>third, they must be applied in making any payment of reasonable expenses incurred by an enforcement officer in connection with the detention of the converted cryptoassets under this Chapter;</p></content></level><level class="para1"><num>(d)</num><intro><p>fourth, they must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if forfeited by a magistrates’ court in England and Wales or Northern Ireland, into the Consolidated Fund, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if forfeited by the sheriff, into the Scottish Consolidated Fund.</p></content></level></level></subsection><subsection eId="d28e47332"><num>(2)</num><intro><p>Converted cryptoassets detained under section <ref href="#d28e46805">303Z58</ref> and forfeited under section <ref href="#d28e47107">303Z60</ref>, and any accrued interest on them, must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, they must be applied in making any payment of reasonable expenses incurred by an enforcement officer in connection with the detention of the converted cryptoassets under this Chapter;</p></content></level><level class="para1"><num>(b)</num><intro><p>second, they must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if forfeited by a magistrates’ court in England and Wales or Northern Ireland, into the Consolidated Fund, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if forfeited by the sheriff, into the Scottish Consolidated Fund.</p></content></level></level></subsection><subsection eId="d28e47368"><num>(3)</num><intro><p>But converted cryptoassets are not to be applied or paid under subsection <ref href="#d28e47219">(1)</ref> or <ref href="#d28e47332">(2)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>before the end of the period within which an appeal under section <ref href="#d28e47215">303Z61</ref> may be made, or</p></content></level><level class="para1"><num>(b)</num><content><p>if a person appeals under that section, before the appeal is determined or otherwise disposed of.</p></content></level></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Supplementary</heading><section><num>303Z63</num><heading>Victims and other owners</heading><subsection><num>(1)</num><content><p>This section applies where converted cryptoassets are detained under this Chapter.</p></content></subsection><subsection><num>(2)</num><intro><p>Where this section applies, a person (“<term refersTo="#term-p">P</term>”) who claims that the relevant cryptoassets belonged to P immediately before—</p></intro><level class="para1"><num>(a)</num><content><p>the relevant cryptoassets were seized, or</p></content></level><level class="para1" eId="d28e47426"><num>(b)</num><content><p>the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held,</p></content></level><wrapUp><p>may apply to the relevant court for some or all of the converted cryptoassets to be released to P.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>The application may be made in the course of proceedings under section <ref href="#d28e46618">303Z57</ref>, <ref href="#d28e46805">303Z58</ref> or <ref href="#d28e47107">303Z60</ref> or at any other time.</p></content></subsection><subsection><num>(4)</num><content><p>The relevant court may order the converted cryptoassets to which the application relates to be released to the applicant if it appears to the relevant court that the condition in subsection <ref href="#d28e47458">(5)</ref> is met.</p></content></subsection><subsection eId="d28e47458"><num>(5)</num><intro><p>The condition in this subsection is that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the relevant cryptoassets, or of property which they represent, by unlawful conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the relevant cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, recoverable property, and</p></content></level><level class="para1"><num>(c)</num><intro><p>the relevant cryptoassets belonged to the applicant immediately before—</p></intro><level class="para2"><num>(i)</num><content><p>the relevant cryptoassets were seized, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held.</p></content></level></level></subsection><subsection eId="d28e47494"><num>(6)</num><content><p>If subsection <ref href="#d28e47503">(7)</ref> applies, the relevant court may order the converted cryptoassets to which the application relates to be released to the applicant or to the person from whom the relevant cryptoassets were seized.</p></content></subsection><subsection eId="d28e47503"><num>(7)</num><intro><p>This subsection applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the relevant cryptoassets were seized,</p></content></level><level class="para1"><num>(b)</num><intro><p>it appears to the relevant court that the relevant cryptoassets belonged to the applicant immediately before—</p></intro><level class="para2"><num>(i)</num><content><p>the relevant cryptoassets were seized, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held,</p></content></level></level><level class="para1"><num>(c)</num><content><p>the relevant court is satisfied that the release condition is met in relation to the converted cryptoassets, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under subsection <ref href="#d28e47494">(6)</ref> has been made by the person from whom the relevant cryptoassets were seized.</p></content></level></subsection><subsection><num>(8)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>if the conditions in this Chapter for the detention of the converted cryptoassets are no longer met, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to converted cryptoassets which are subject to an application for forfeiture under section <ref href="#d28e47107">303Z60</ref>, if the court or sheriff decides not to make an order under that section in relation to the converted cryptoassets.</p></content></level></subsection><subsection><num>(9)</num><content><p>Where subsection <ref href="#d28e47426">(2)(b)</ref> applies, references in this section to a person from whom relevant cryptoassets were seized include a reference to a person by or for whom the crypto wallet mentioned in that provision was administered immediately before the crypto wallet freezing order was made in relation to the crypto wallet.</p></content></subsection><subsection><num>(10)</num><intro><p>In this section “<term refersTo="#term-the-relevant-cryptoassets">the relevant cryptoassets</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to converted cryptoassets detained under section <ref href="#d28e46618">303Z57</ref>, some or all of the cryptoassets mentioned in subsection <ref href="#d28e46622">(1)</ref> of that section, and</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to converted cryptoassets detained under section <ref href="#d28e46805">303Z58</ref>, some or all of the cryptoassets mentioned in subsection <ref href="#d28e46809">(1)</ref> of that section.</p></content></level></subsection></section><section eId="d28e47614"><num>303Z64</num><heading>Compensation</heading><subsection><num>(1)</num><content><p>This section applies if no order is made under section <ref href="#d28e47107">303Z60</ref> in respect of converted cryptoassets detained under this Chapter.</p></content></subsection><subsection><num>(2)</num><intro><p>Where this section applies, the following may make an application to the relevant court for compensation—</p></intro><level class="para1"><num>(a)</num><content><p>a person to whom the relevant cryptoassets belonged immediately before they were seized;</p></content></level><level class="para1"><num>(b)</num><content><p>a person from whom the relevant cryptoassets were seized;</p></content></level><level class="para1"><num>(c)</num><content><p>a person by or for whom the crypto wallet mentioned in section <ref href="#d28e46805">303Z58</ref><ref href="#d28e46809">(1)</ref> was administered immediately before the crypto wallet freezing order was made in relation to the crypto wallet.</p></content></level></subsection><subsection><num>(3)</num><intro><p>If the relevant court is satisfied that—</p></intro><level class="para1"><num>(a)</num><intro><p>the applicant has suffered loss as a result of—</p></intro><level class="para2"><num>(i)</num><content><p>the conversion of the relevant cryptoassets into money, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the detention of the converted cryptoassets, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>the circumstances are exceptional,</p></content></level><wrapUp><p>the relevant court may order compensation to be paid to the applicant.</p></wrapUp></subsection><subsection><num>(4)</num><content><p>The amount of compensation to be paid is the amount the relevant court thinks reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subsection><subsection><num>(5)</num><content><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by an officer of Revenue and Customs, the compensation is to be paid by the Commissioners for His Majesty’s Revenue and Customs.</p></content></subsection><subsection><num>(6)</num><intro><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by a constable, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a constable of a police force in England and Wales, it is to be paid out of the police fund from which the expenses of the police force are met;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of a constable of the Police Service of Scotland, it is to be paid by the Scottish Police Authority;</p></content></level><level class="para1"><num>(c)</num><content><p>in the case of a police officer within the meaning of the Police (Northern Ireland) Act 2000, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland.</p></content></level></subsection><subsection><num>(7)</num><content><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by an SFO officer, the compensation is to be paid by the Director of the Serious Fraud Office.</p></content></subsection><subsection><num>(8)</num><content><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by a National Crime Agency officer, the compensation is to be paid by the National Crime Agency.</p></content></subsection><subsection eId="d28e47736"><num>(9)</num><intro><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by an accredited financial investigator who was not an officer of Revenue and Customs, a constable, an SFO officer or a National Crime Agency officer, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><intro><p>in the case of an investigator who was—</p></intro><level class="para2"><num>(i)</num><content><p>a member of the civilian staff of a police force (including the metropolitan police force), within the meaning of Part 1 of the Police Reform and Social Responsibility Act 2011, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a member of staff of the City of London police force,</p></content></level><wrapUp><p>it is to be paid out of the police fund from which the expenses of the police force are met,</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>in the case of an investigator who was a member of staff of the Police Service of Northern Ireland, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland,</p></content></level><level class="para1"><num>(c)</num><content><p>in the case of an investigator who was a member of staff of a department of the Government of the United Kingdom, it is to be paid by the Minister of the Crown in charge of the department or by the department,</p></content></level><level class="para1"><num>(d)</num><content><p>in the case of an investigator who was a member of staff of a Northern Ireland department, it is to be paid by the department,</p></content></level><level class="para1"><num>(e)</num><content><p>in the case of an investigator who was exercising a function of the Welsh Revenue Authority, it is to be paid by the Welsh Revenue Authority, and</p></content></level><level class="para1"><num>(f)</num><content><p>in any other case, it is to be paid by the employer of the investigator.</p></content></level></subsection><subsection eId="d28e47792"><num>(10)</num><content><p>The Secretary of State may by regulations amend subsection <ref href="#d28e47736">(9)</ref>.</p></content></subsection><subsection><num>(11)</num><intro><p>The power in subsection <ref href="#d28e47792">(10)</ref> is exercisable by the Department of Justice (and not by the Secretary of State) so far as it may be used to make provision that—</p></intro><level class="para1"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level><level class="para1"><num>(b)</num><content><p>would not, if contained in a Bill for an Act of the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State.</p></content></level></subsection><subsection><num>(12)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-the-relevant-cryptoassets">the relevant cryptoassets</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to converted cryptoassets detained under section <ref href="#d28e46618">303Z57</ref>, the cryptoassets mentioned in subsection <ref href="#d28e46622">(1)</ref> of that section;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to converted cryptoassets detained under section <ref href="#d28e46805">303Z58</ref>, the cryptoassets mentioned in subsection <ref href="#d28e46809">(1)</ref> of that section;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-relevant-crypto-wallet-freezing-order">the relevant crypto wallet freezing order</term>”, in relation to converted cryptoassets detained under section <ref href="#d28e46805">303Z58</ref>, means the crypto wallet freezing order mentioned in subsection <ref href="#d28e46809">(1)</ref> of that section.</p></content></hcontainer></subsection></section><section><num>303Z65</num><heading>Powers for prosecutors to appear in proceedings</heading><subsection eId="d28e47878"><num>(1)</num><intro><p>The Director of Public Prosecutions or the Director of Public Prosecutions for Northern Ireland may appear for a constable or an accredited financial investigator in proceedings under this Chapter if the Director—</p></intro><level class="para1"><num>(a)</num><content><p>is asked by, or on behalf of, a constable or (as the case may be) an accredited financial investigator to do so, and</p></content></level><level class="para1"><num>(b)</num><content><p>considers it appropriate to do so.</p></content></level></subsection><subsection eId="d28e47896"><num>(2)</num><intro><p>The Director of Public Prosecutions may appear for the Commissioners for His Majesty’s Revenue and Customs or an officer of Revenue and Customs in proceedings under this Chapter if the Director—</p></intro><level class="para1"><num>(a)</num><content><p>is asked by, or on behalf of, the Commissioners for His Majesty’s Revenue and Customs or (as the case may be) an officer of Revenue and Customs to do so, and</p></content></level><level class="para1"><num>(b)</num><content><p>considers it appropriate to do so.</p></content></level></subsection><subsection><num>(3)</num><content><p>The Directors may charge fees for the provision of services under this section.</p></content></subsection><subsection><num>(4)</num><content><p>The references in subsection <ref href="#d28e47878">(1)</ref> to an accredited financial investigator do not include an accredited financial investigator who is an officer of Revenue and Customs but the references in subsection <ref href="#d28e47896">(2)</ref> to an officer of Revenue and Customs do include an accredited financial investigator who is an officer of Revenue and Customs.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Interpretation</heading><section><num>303Z66</num><heading>Interpretation</heading><subsection><num>(1)</num><intro><p>In this Chapter—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-converted-cryptoassets">converted cryptoassets</term>” is to be read in accordance with sections <ref href="#d28e46618">303Z57</ref> and <ref href="#d28e46805">303Z58</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet-freezing-order">crypto wallet freezing order</term>” has the same meaning as in Chapter 3D (see section <ref href="#d28e43379">303Z36</ref>);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-enforcement-officer">enforcement officer</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-relevant-court">relevant court</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, a magistrates’ court, and</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, the sheriff;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-financial-institution">relevant financial institution</term>” has the meaning given by section 303Z1(6);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-uk-connected-cryptoasset-service-provider">UK-connected cryptoasset service provider</term>” has the meaning given by section <ref href="#d28e43379">303Z36</ref>.</p></content></hcontainer></subsection><subsection><num>(2)</num><content><p>Section <ref href="#d28e43379">303Z36</ref><ref href="#d28e43443">(4)(b)</ref> applies in relation to this Chapter as it applies in relation to Chapter 3D.</p></content></subsection><subsection><num>(3)</num><intro><p>In this Chapter references to the conversion of cryptoassets into money are references to the conversion of cryptoassets into—</p></intro><level class="para1"><num>(a)</num><content><p>cash, or</p></content></level><level class="para1"><num>(b)</num><content><p>money held in an account maintained with a relevant financial institution.</p></content></level></subsection></section></hcontainer></chapter></quotedStructure></mod></p></content></paragraph>
<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-9-part-2"><num>PART 2</num><heading>Consequential and other amendments</heading><hcontainer name="crossheading" class="schGroup7" eId="d28e48049"><heading>Amendments to the Proceeds of Crime Act 2002</heading><paragraph eId="schedule-9-paragraph-2" class="schProv1"><num>2</num><content><p><mod>In section 2C(3A) of the Proceeds of Crime Act 2002 (prosecuting authorities), for “or 303Z19” substitute <quotedText>“, 303Z19, 303Z53 or 303Z65”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-9-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-9-paragraph-3-1"><num>(1)</num><content><p>Part 2 of the Proceeds of Crime Act 2002 (confiscation: England and Wales) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-3-2"><num>(2)</num><intro><p>In section 7 (recoverable amount)—</p></intro><level class="para1" eId="schedule-9-paragraph-3-2-a"><num>(a)</num><content><p><mod>in subsection (4)(c), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-3-2-b"><num>(b)</num><content><p><mod>in subsection (4)(d), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-3-3"><num>(3)</num><intro><p>In section 82 (free property)—</p></intro><level class="para1" eId="schedule-9-paragraph-3-3-a"><num>(a)</num><intro><p>in subsection (2)—</p></intro><level class="para2" eId="schedule-9-paragraph-3-3-a-i"><num>(i)</num><content><p><mod>in paragraph (ea), for “or 10Z2(3)” substitute <quotedText>“, 10Z2(3), 10Z7AG(1), 10Z7BB(2), 10Z7CA(3), 10Z7CE(3) or 10Z7DG(3)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-3-3-a-ii"><num>(ii)</num><content><p><mod>in paragraph (f), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z32(1), 303Z37(2), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level></level><level class="para1" eId="schedule-9-paragraph-3-3-b"><num>(b)</num><intro><p>in subsection (3)—</p></intro><level class="para2" eId="schedule-9-paragraph-3-3-b-i"><num>(i)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>it is detained under section 303Z30, 303Z31 or 303Z32 in a case where section 303Z42(2) applies;</p></content></level><level class="para1"><num>(bb)</num><content><p>it is detained under section 303Z57 or 303Z58 in a case where section 303Z60(6) applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-3-3-b-ii"><num>(ii)</num><content><p><mod>in paragraph (c), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-3-3-b-iii"><num>(iii)</num><content><p><mod>after paragraph (e) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ea)</num><content><p>it is detained under paragraph 10Z7AE, 10Z7AF or 10Z7AG of that Schedule in a case where paragraph 10Z7CB(2) of that Schedule applies;</p></content></level><level class="para1"><num>(eb)</num><content><p>it is detained under paragraph 10Z7DD or 10Z7DE of that Schedule in a case where paragraph 10Z7DG(5) of that Schedule applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-3-3-b-iv"><num>(iv)</num><content><p><mod>in paragraph (f), after “10I(1)” insert <quotedText>“or 10Z7CD(1)”</quotedText>.</mod></p></content></level></level></subparagraph></paragraph><paragraph eId="schedule-9-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-9-paragraph-4-1"><num>(1)</num><content><p>Part 3 of the Proceeds of Crime Act 2002 (confiscation: Scotland) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-4-2"><num>(2)</num><intro><p>In section 93 (recoverable amount)—</p></intro><level class="para1" eId="schedule-9-paragraph-4-2-a"><num>(a)</num><content><p><mod>in subsection (4)(c), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-4-2-b"><num>(b)</num><content><p><mod>in subsection (4)(d), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-4-3"><num>(3)</num><intro><p>In section 148 (free property)—</p></intro><level class="para1" eId="schedule-9-paragraph-4-3-a"><num>(a)</num><intro><p>in subsection (2)—</p></intro><level class="para2" eId="schedule-9-paragraph-4-3-a-i"><num>(i)</num><content><p><mod>in paragraph (ea), for “or 10Z2(3)” substitute <quotedText>“, 10Z2(3), 10Z7AG(1), 10Z7BB(2), 10Z7CA(3), 10Z7CE(3) or 10Z7DG(3)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-4-3-a-ii"><num>(ii)</num><content><p><mod>in paragraph (f), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z32(1), 303Z37(2), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level></level><level class="para1" eId="schedule-9-paragraph-4-3-b"><num>(b)</num><intro><p>in subsection (3)—</p></intro><level class="para2" eId="schedule-9-paragraph-4-3-b-i"><num>(i)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>it is detained under section 303Z30, 303Z31 or 303Z32 in a case where section 303Z42(2) applies;</p></content></level><level class="para1"><num>(bb)</num><content><p>it is detained under section 303Z57 or 303Z58 in a case where section 303Z60(6) applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-4-3-b-ii"><num>(ii)</num><content><p><mod>in paragraph (c), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-4-3-b-iii"><num>(iii)</num><content><p><mod>after paragraph (e) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ea)</num><content><p>it is detained under paragraph 10Z7AE, 10Z7AF or 10Z7AG of that Schedule in a case where paragraph 10Z7CB(2) of that Schedule applies;</p></content></level><level class="para1"><num>(eb)</num><content><p>it is detained under paragraph 10Z7DD or 10Z7DE of that Schedule in a case where paragraph 10Z7DG(5) of that Schedule applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-4-3-b-iv"><num>(iv)</num><content><p><mod>in paragraph (f), after “10I(1)” insert <quotedText>“or 10Z7CD(1)”</quotedText>.</mod></p></content></level></level></subparagraph></paragraph><paragraph eId="schedule-9-paragraph-5" class="schProv1"><num>5</num><subparagraph eId="schedule-9-paragraph-5-1"><num>(1)</num><content><p>Part 4 of the Proceeds of Crime Act 2002 (confiscation: Northern Ireland) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-5-2"><num>(2)</num><intro><p>In section 157 (recoverable amount)—</p></intro><level class="para1" eId="schedule-9-paragraph-5-2-a"><num>(a)</num><content><p><mod>in subsection (4)(c), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-5-2-b"><num>(b)</num><content><p><mod>in subsection (4)(d), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-5-3"><num>(3)</num><intro><p>In section 230 (free property)—</p></intro><level class="para1" eId="schedule-9-paragraph-5-3-a"><num>(a)</num><intro><p>in subsection (2)—</p></intro><level class="para2" eId="schedule-9-paragraph-5-3-a-i"><num>(i)</num><content><p><mod>in paragraph (ea), for “or 10Z2(3)” substitute <quotedText>“, 10Z2(3), 10Z7AG(1), 10Z7BB(2), 10Z7CA(3), 10Z7CE(3) or 10Z7DG(3)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-5-3-a-ii"><num>(ii)</num><content><p><mod>in paragraph (f), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z32(1), 303Z37(2), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level></level><level class="para1" eId="schedule-9-paragraph-5-3-b"><num>(b)</num><intro><p>in subsection (3)—</p></intro><level class="para2" eId="schedule-9-paragraph-5-3-b-i"><num>(i)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>it is detained under section 303Z30, 303Z31 or 303Z32 in a case where section 303Z42(2) applies;</p></content></level><level class="para1"><num>(bb)</num><content><p>it is detained under section 303Z57 or 303Z58 in a case where section 303Z60(6) applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-5-3-b-ii"><num>(ii)</num><content><p><mod>in paragraph (c), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-5-3-b-iii"><num>(iii)</num><content><p><mod>after paragraph (e) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ea)</num><content><p>it is detained under paragraph 10Z7AE, 10Z7AF or 10Z7AG of that Schedule in a case where paragraph 10Z7CB(2) of that Schedule applies;</p></content></level><level class="para1"><num>(eb)</num><content><p>it is detained under paragraph 10Z7DD or 10Z7DE of that Schedule in a case where paragraph 10Z7DG(5) of that Schedule applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-5-3-b-iv"><num>(iv)</num><content><p><mod>in paragraph (f), after “10I(1)” insert <quotedText>“or 10Z7CD(1)”</quotedText>.</mod></p></content></level></level></subparagraph></paragraph><paragraph eId="schedule-9-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="schedule-9-paragraph-6-1"><num>(1)</num><content><p>Part 5 of the Proceeds of Crime Act 2002 (civil recovery of the proceeds etc of unlawful conduct) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-6-2"><num>(2)</num><intro><p>In section 278 (limit on recovery)—</p></intro><level class="para1" eId="schedule-9-paragraph-6-2-a"><num>(a)</num><content><p><mod>in subsection (7)(a), for “or 303Z14” substitute <quotedText>“, 303Z14, 303Z41, 303Z45 or 303Z60”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-6-2-b"><num>(b)</num><content><p><mod>after subsection (7A) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7B)</num><intro><p>If—</p></intro><level class="para1"><num>(a)</num><content><p>an order is made under section 303Z44 instead of an order being made under section 303Z41 for the forfeiture of recoverable property, and</p></content></level><level class="para1"><num>(b)</num><content><p>the enforcement authority subsequently seeks a recovery order in respect of related property,</p></content></level><wrapUp><p>the order under section 303Z44 is to be treated for the purposes of this section as if it were a recovery order obtained by the enforcement authority in respect of the property that was the forfeitable property in relation to the order under section 303Z44.</p></wrapUp></subsection></quotedStructure></mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-6-3"><num>(3)</num><intro><p>In section 290 (prior approval - cash), in subsection (6A)—</p></intro><level class="para1" eId="schedule-9-paragraph-6-3-a"><num>(a)</num><content><p><mod>after “section 303J” insert <quotedText>“, <ref href="#d28e42350">303Z26</ref> or <ref href="#d28e42699">303Z29</ref>”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-6-3-b"><num>(b)</num><content><p><mod>after “section 303K(5)” insert <quotedText>“, <ref href="#d28e42440">303Z27</ref><ref href="#d28e42467">(3)</ref> or (as the case may be) <ref href="#d28e42775">303Z31</ref><ref href="#d28e42802">(3)</ref>”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-6-4"><num>(4)</num><intro><p>In section 303E (prior approval - listed assets), in subsection (7)—</p></intro><level class="para1" eId="schedule-9-paragraph-6-4-a"><num>(a)</num><content><p><mod>after “section 294” insert <quotedText>“or property by virtue of section <ref href="#d28e42350">303Z26</ref> or <ref href="#d28e42699">303Z29</ref>”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-6-4-b"><num>(b)</num><content><p><mod>after “cash”, in the second place it occurs, insert <quotedText>“or property”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-6-4-c"><num>(c)</num><content><p><mod>after “section 295(1B)” insert <quotedText>“, <ref href="#d28e42440">303Z27</ref><ref href="#d28e42467">(3)</ref> or (as the case may be) <ref href="#d28e42775">303Z31</ref><ref href="#d28e42802">(3)</ref>”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-6-5"><num>(5)</num><content><p><mod>Before section 303Z18 (but after the italic heading “Supplementary”) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>303Z17A</num><heading>Victims and other owners</heading><subsection eId="d28e48626"><num>(1)</num><content><p>A person who claims that money in respect of which an account freezing order has effect belongs to them may apply for the money to be released.</p></content></subsection><subsection><num>(2)</num><intro><p>An application under subsection <ref href="#d28e48626">(1)</ref> is to be made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, to the sheriff.</p></content></level></subsection><subsection><num>(3)</num><content><p>The application may be made in the course of proceedings under section 303Z3 or 303Z14 or at any other time.</p></content></subsection><subsection><num>(4)</num><intro><p>The court or sheriff may, subject to subsection (8), order the money to which the application relates to be released to the applicant if it appears to the court or sheriff that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the money to which the application relates, or of property which it represents, by unlawful conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the money the applicant was deprived of was not, immediately before the applicant was deprived of it, recoverable property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the money belongs to the applicant.</p></content></level></subsection><subsection eId="d28e48683"><num>(5)</num><content><p>If subsection <ref href="#d28e48692">(6)</ref> applies, the court or sheriff may, subject to subsection (8), order the money to which the application relates to be released to the applicant.</p></content></subsection><subsection eId="d28e48692"><num>(6)</num><intro><p>This subsection applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the money to which the application relates was seized,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the court or sheriff that the money belongs to the applicant,</p></content></level><level class="para1"><num>(c)</num><content><p>the court or sheriff is satisfied that the release condition is met in relation to the money, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under subsection <ref href="#d28e48683">(5)</ref> has been made by the person from whom the money was seized.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to money held in a frozen account, if the conditions for making an order under section 303Z3 in relation to the money are no longer met, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to money held in a frozen account which is subject to an application for forfeiture under section 303Z14, if the court or sheriff decides not to make an order under that section in relation to the money.</p></content></level></subsection><subsection><num>(8)</num><intro><p>Money is not to be released under this section—</p></intro><level class="para1"><num>(a)</num><content><p>if an account forfeiture notice under section 303Z9 is given in respect of the money, until any proceedings in pursuance of the notice (including any proceedings on appeal) are concluded;</p></content></level><level class="para1"><num>(b)</num><content><p>if an application for its forfeiture under section 303Z14 is made, until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.</p></content></level></subsection><subsection><num>(9)</num><content><p>In relation to money held in an account that is subject to an account freezing order, references in this section to a person from whom money was seized include a reference to a person by or for whom the account was operated immediately before the account freezing order was made.</p></content></subsection></section></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-6-6"><num>(6)</num><content><p><mod>After section 311 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Chapters 3C to 3F: supplementary</heading><section><num>311A</num><heading>Financial investigators</heading><subsection><num>(1)</num><intro><p>This section applies where an accredited financial investigator of a particular description—</p></intro><level class="para1"><num>(a)</num><content><p>applies for an order under section 303Z28, 303Z32, 303Z57 or 303Z58 (further detention of cryptoassets etc),</p></content></level><level class="para1"><num>(b)</num><content><p>applies for forfeiture under section 303Z41 or 303Z60 (forfeiture of cryptoassets etc), or</p></content></level><level class="para1"><num>(c)</num><content><p>brings an appeal under, or relating to, Chapter 3E or 3F (cryptoassets etc).</p></content></level></subsection><subsection><num>(2)</num><content><p>Any subsequent step in the application or appeal, or any further application or appeal relating to the same matter, may be taken, made or brought by a different accredited financial investigator of the same description.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-6-7"><num>(7)</num><intro><p>In section 312(2) (performance of functions by Scottish Ministers)—</p></intro><level class="para1" eId="schedule-9-paragraph-6-7-a"><num>(a)</num><content><p><mod>in paragraph (c), for “271(3) and (4)” substitute <quotedText>“271”</quotedText>, and</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-6-7-b"><num>(b)</num><content><p><mod>after paragraph (p) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(q)</num><content><p>section <ref href="#d28e41664">303Z20</ref><ref href="#d28e41730">(3)</ref> (cryptoassets);</p></content></level><level class="para1"><num>(r)</num><content><p>section <ref href="#d28e42289">303Z25</ref> (codes of practice);</p></content></level><level class="para1"><num>(s)</num><content><p>section 303Z28(5)(b) (further detention of seized cryptoasset-related items);</p></content></level><level class="para1"><num>(t)</num><content><p>section 303Z32(5)(b) (further detention of seized cryptoassets);</p></content></level><level class="para1"><num>(u)</num><content><p>section 303Z34(4) and (5)(b)(i) (release of cryptoassets and cryptoasset-related items);</p></content></level><level class="para1"><num>(v)</num><content><p>section <ref href="#d28e43247">303Z35</ref><ref href="#d28e43364">(5)</ref> (crypto wallets);</p></content></level><level class="para1"><num>(w)</num><content><p>section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43937">(2)(b)</ref> (forfeiture of cryptoassets);</p></content></level><level class="para1"><num>(x)</num><content><p>section <ref href="#d28e44140">303Z42</ref><ref href="#d28e44284">(10)</ref> (forfeiture of cryptoassets: supplementary);</p></content></level><level class="para1"><num>(y)</num><content><p>section 303Z44 (agreements about associated and joint property);</p></content></level><level class="para1"><num>(z)</num><content><p>section 303Z45(10) (associated and joint property: default of agreement);</p></content></level><level class="para1"><num>z1</num><content><p>section 303Z46(2) (continuation of crypto wallet freezing order pending appeal);</p></content></level><level class="para1"><num>z2</num><content><p>section 303Z47(1) (sections 303Z41 to 303Z45: appeals);</p></content></level><level class="para1"><num>z3</num><content><p>section <ref href="#d28e46618">303Z57</ref><ref href="#d28e46727">(7)(b)</ref> (detained cryptoassets: detention of proceeds of conversion);</p></content></level><level class="para1"><num>z4</num><content><p>section <ref href="#d28e46805">303Z58</ref><ref href="#d28e46893">(6)(b)</ref> (frozen crypto wallets: detention of proceeds of conversion);</p></content></level><level class="para1"><num>z5</num><content><p>section <ref href="#d28e47107">303Z60</ref><ref href="#d28e47123">(2)</ref> (forfeiture of converted cryptoassets);</p></content></level><level class="para1"><num>z6</num><content><p>section 303Z61(1) (appeal against decision under section 303Z60).</p></content></level></quotedStructure></mod></p></content></level></subparagraph></paragraph><paragraph eId="schedule-9-paragraph-7" class="schProv1"><num>7</num><intro><p>In section 316(1) (general interpretation)—</p></intro><level class="para1" eId="schedule-9-paragraph-7-a"><num>(a)</num><content><p><mod>in the definition of “the court”, for “and 3B” substitute <quotedText>“, 3B, 3C, 3D, 3E and 3F”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-7-b"><num>(b)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet">crypto wallet</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-justice-of-the-peace">justice of the peace</term>”, in relation to Northern Ireland, means lay magistrate;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></paragraph><paragraph eId="schedule-9-paragraph-8" class="schProv1"><num>8</num><subparagraph eId="schedule-9-paragraph-8-1"><num>(1)</num><content><p>Part 8 of the Proceeds of Crime Act 2002 (investigations) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-2"><num>(2)</num><content><p><mod>In section 341 (investigations), after subsection (3C) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3D)</num><intro><p>For the purposes of this Part a cryptoasset investigation is an investigation for the purposes of Chapter 3C, 3D, 3E or 3F of Part 5 and includes investigation into—</p></intro><level class="para1"><num>(a)</num><content><p>the derivation of cryptoassets detained under Chapter 3C (including where the cryptoassets have been converted into money in accordance with Chapter 3F),</p></content></level><level class="para1"><num>(b)</num><content><p>whether cryptoassets or converted cryptoassets detained under Chapter 3C or 3F are intended by any person to be used in unlawful conduct,</p></content></level><level class="para1"><num>(c)</num><content><p>the derivation of cryptoassets held in a crypto wallet in relation to which a crypto wallet freezing order made under section <ref href="#d28e43582">303Z37</ref> has effect (including where the cryptoassets have been converted into money in accordance with Chapter 3F), or</p></content></level><level class="para1"><num>(d)</num><content><p>whether cryptoassets held in such a wallet are intended by any person to be used in unlawful conduct.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-3"><num>(3)</num><content><p><mod>In section 342 (offences of prejudicing investigation), in subsection (1) after “frozen funds investigation” insert <quotedText>“, a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-4"><num>(4)</num><content><p><mod>In section 343 (judges), in subsection (2) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-5"><num>(5)</num><content><p><mod>In section 344 (courts), in paragraph (a) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-6"><num>(6)</num><content><p><mod>In section 345 (production orders), in subsection (2)(b) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-7"><num>(7)</num><content><p><mod>In section 346 (requirements for making of production order), in subsection (2), after paragraph (bf) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bg)</num><content><p>in the case of a cryptoasset investigation into the derivation of cryptoassets, the cryptoassets the application for the order specifies as being subject to the investigation (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are recoverable property;</p></content></level><level class="para1"><num>(bh)</num><content><p>in the case of a cryptoasset investigation into the intended use of cryptoassets, the cryptoassets the application for the order specifies as being subject to the investigation (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are intended by any person to be used in unlawful conduct.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-8"><num>(8)</num><content><p><mod>In section 350 (Government departments), in subsection (5)(a) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-9"><num>(9)</num><content><p><mod>In section 352 (search and seizure warrants), in subsection (2)(b) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-10"><num>(10)</num><content><p><mod>In section 353 (requirements where production order not available), in subsection (2), after paragraph (bf) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bg)</num><content><p>in the case of a cryptoasset investigation into the derivation of cryptoassets, the cryptoassets specfied in the application for the warrant (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are recoverable property;</p></content></level><level class="para1"><num>(bh)</num><content><p>in the case of a cryptoasset investigation into the intended use of cryptoassets, the cryptoassets specified in the application for the warrant (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are intended by any person to be used in unlawful conduct.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-11"><num>(11)</num><intro><p>Section 355 (further provisions) is amended as follows—</p></intro><level class="para1" eId="schedule-9-paragraph-8-11-a"><num>(a)</num><content><p><mod>in the heading, for “and frozen funds” substitute <quotedText>“, frozen funds and cryptoasset”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-11-b"><num>(b)</num><content><p><mod>in subsection (1)(a), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-12"><num>(12)</num><content><p><mod>In section 357 (disclosure orders), in subsection (2) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-13"><num>(13)</num><content><p><mod>In section 363 (customer information orders), in subsection (1A) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-14"><num>(14)</num><content><p><mod>In section 370 (account monitoring orders), in subsection (1A) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-15"><num>(15)</num><intro><p>Section 375A (evidence overseas) is amended as follows—</p></intro><level class="para1" eId="schedule-9-paragraph-8-15-a"><num>(a)</num><content><p><mod>in subsection (1), after “frozen funds investigation” insert <quotedText>“, a cryptoasset investigation”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-15-b"><num>(b)</num><content><p><mod>in subsection (5), after paragraph (bb) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bc)</num><content><p>in relation to an application or request made for the purposes of a cryptoasset investigation, evidence as to a matter described in section 341(3D)(a) to (d);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-16"><num>(16)</num><content><p><mod>In section 375B (evidence overseas: restrictions on use), in subsection (3), after paragraph (bb) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bc)</num><content><p>if the request was made for the purposes of a cryptoasset investigation, proceedings under Chapter 3C, 3D, 3E or 3F of Part 5 of this Act arising out of the investigation;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-17"><num>(17)</num><content><p><mod>In section 378 (officers), after subsection (3F) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3G)</num><intro><p>In relation to a cryptoasset investigation these are appropriate officers—</p></intro><level class="para1"><num>(a)</num><content><p>a constable;</p></content></level><level class="para1"><num>(b)</num><content><p>an SFO officer;</p></content></level><level class="para1"><num>(c)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this paragraph by the Secretary of State or the Welsh Ministers under section 453;</p></content></level><level class="para1"><num>(d)</num><content><p>an officer of Revenue and Customs.</p></content></level></subsection><subsection><num>(3H)</num><intro><p>In relation to a cryptoasset investigation these are senior appropriate officers—</p></intro><level class="para1"><num>(a)</num><content><p>a police officer who is not below the rank of inspector;</p></content></level><level class="para1"><num>(b)</num><content><p>the Director of the Serious Fraud Office;</p></content></level><level class="para1"><num>(c)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this paragraph by the Secretary of State or the Welsh Ministers under section 453;</p></content></level><level class="para1"><num>(d)</num><content><p>an officer of Revenue and Customs who is not below such grade as is designated by the Commissioners for His Majesty’s Revenue and Customs as equivalent to the police rank of inspector.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-18"><num>(18)</num><intro><p>In section 380 (production orders)—</p></intro><level class="para1" eId="schedule-9-paragraph-8-18-a"><num>(a)</num><content><p><mod>in subsection (2), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-18-b"><num>(b)</num><content><p><mod>in subsection (3)(b), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-19"><num>(19)</num><content><p><mod>In section 381 (requirements for making of production order), in subsection (2), after paragraph (bf) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bg)</num><content><p>in the case of a cryptoasset investigation into the derivation of cryptoassets, the cryptoassets the application for the order specifies as being subject to the investigation (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are recoverable property;</p></content></level><level class="para1"><num>(bh)</num><content><p>in the case of a cryptoasset investigation into the intended use of cryptoassets, the cryptoassets the application for the order specifies as being subject to the investigation (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are intended by any person to be used in unlawful conduct.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-20"><num>(20)</num><content><p><mod>In section 385 (Government departments), in subsection (4)(b) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-21"><num>(21)</num><content><p><mod>In section 386 (production orders: supplementary), in subsection (3)(b), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-22"><num>(22)</num><content><p><mod>In section 387 (search warrants), in subsection (3)(b) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-23"><num>(23)</num><content><p><mod>In section 388 (requirements where production order not available), in subsection (2), after paragraph (bf) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bg)</num><content><p>in the case of a cryptoasset investigation into the derivation of cryptoassets, the cryptoassets specfied in the application for the warrant (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are recoverable property;</p></content></level><level class="para1"><num>(bh)</num><content><p>in the case of a cryptoasset investigation into the intended use of cryptoassets, the cryptoassets specified in the application for the warrant (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are intended by any person to be used in unlawful conduct.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-24"><num>(24)</num><intro><p>Section 390 (further provisions) is amended as follows—</p></intro><level class="para1" eId="schedule-9-paragraph-8-24-a"><num>(a)</num><content><p><mod>in the heading, for “and money laundering” substitute <quotedText>“, money laundering and cryptoasset”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-24-b"><num>(b)</num><content><p><mod>in subsection (1), for “or money laundering investigations” substitute <quotedText>“, money laundering investigations or cryptoasset investigations”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-24-c"><num>(c)</num><content><p><mod>in subsections (5), (6) and (7), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-25"><num>(25)</num><content><p><mod>In section 391 (disclosure orders), in subsection (2) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-26"><num>(26)</num><content><p><mod>In section 397 (customer information orders), in subsection (1A) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-27"><num>(27)</num><content><p><mod>In section 404 (account monitoring orders), in subsection (1A) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-28"><num>(28)</num><intro><p>Section 408A (evidence overseas) is amended as follows—</p></intro><level class="para1" eId="schedule-9-paragraph-8-28-a"><num>(a)</num><content><p><mod>in subsection (1), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-28-b"><num>(b)</num><content><p><mod>in subsection (5), after paragraph (d) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>in relation to an application or request made for the purposes of a cryptoasset investigation, evidence as to a matter described in section 341(3D)(a) to (d);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-29"><num>(29)</num><content><p><mod>In section 408B (evidence overseas: restrictions on use) in subsection (3), after paragraph (d) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>if the request was made for the purposes of a cryptoasset investigation, proceedings under Chapter 3C, 3D, 3E or 3F of Part 5 of this Act arising out of the investigation;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-30"><num>(30)</num><intro><p>In section 412 (interpretation)—</p></intro><level class="para1" eId="schedule-9-paragraph-8-30-a"><num>(a)</num><content><p><mod>in the definition of “appropriate person”, in paragraph (b), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-30-b"><num>(b)</num><content><p><mod>in the definition of “proper person”, in paragraph (b), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-31"><num>(31)</num><content><p><mod>In section 416 (other interpretative provisions), in subsection (1), after the entry for “confiscation investigation” insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>cryptoasset investigation: section 341(3D)</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-9-paragraph-9" class="schProv1"><num>9</num><content><p><mod>In section 438 of the Proceeds of Crime Act 2002 (disclosure of information by certain authorities), in subsection (1)(f), for “or 3B” substitute <quotedText>“, 3B, 3C, 3D, 3E or 3F”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-9-paragraph-10" class="schProv1"><num>10</num><intro><p>In section 441 of the Proceeds of Crime Act 2002 (disclosure of information by Lord Advocate and by Scottish Ministers)—</p></intro><level class="para1" eId="schedule-9-paragraph-10-a"><num>(a)</num><content><p><mod>in subsection (1), for “or 3A” substitute <quotedText>“, 3A, 3C or 3F”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-10-b"><num>(b)</num><content><p><mod>in subsection (2)(g), for “or 3B” substitute <quotedText>“, 3B, 3C, 3D, 3E or 3F”</quotedText>.</mod></p></content></level></paragraph><paragraph eId="schedule-9-paragraph-11" class="schProv1"><num>11</num><content><p><mod>In section 450 of the Proceeds of Crime Act 2002 (pseudonyms: Scotland), in subsection (1)(a), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-9-paragraph-12" class="schProv1"><num>12</num><content><p><mod>In section 453A of the Proceeds of Crime Act 2002 (certain offences in relation to financial investigators), in subsection (5), at the end of paragraph (dc) (before the “or”) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(dd)</num><content><p>section 303Z21 (powers to search for cryptoasset-related items);</p></content></level><level class="para1"><num>(de)</num><content><p>section 303Z26 (powers to seize cryptoasset-related items);</p></content></level><level class="para1"><num>(df)</num><content><p>section 303Z27 (powers to detain cryptoasset-related items);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph><paragraph eId="schedule-9-paragraph-13" class="schProv1"><num>13</num><content><p><mod>In section 453B of the Proceeds of Crime Act 2002 (certain offences in relation to SFO officers), in subsection (5), after paragraph (g) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ga)</num><content><p>section 303Z21 (powers to search for cryptoasset-related items);</p></content></level><level class="para1"><num>(gb)</num><content><p>section 303Z26 (powers to seize cryptoasset-related items);</p></content></level><level class="para1"><num>(gc)</num><content><p>section 303Z27 (powers to detain cryptoasset-related items);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph><paragraph eId="schedule-9-paragraph-14" class="schProv1"><num>14</num><content><p><mod>In section 453C of the Proceeds of Crime Act 2002 (obstruction offence in relation to immigration officers), in subsection (3), after paragraph (g) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ga)</num><content><p>section 303Z21 (powers to search for cryptoasset-related items) as applied by section 24 of the UK Borders Act 2007 (exercise of civil recovery powers by immigration officers);</p></content></level><level class="para1"><num>(gb)</num><content><p>section 303Z26 as so applied (powers to seize cryptoasset-related items);</p></content></level><level class="para1"><num>(gc)</num><content><p>section 303Z27 as so applied (powers to detain cryptoasset-related items);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph><paragraph eId="schedule-9-paragraph-15" class="schProv1"><num>15</num><subparagraph eId="schedule-9-paragraph-15-1"><num>(1)</num><content><p>Section 459 of the Proceeds of Crime Act 2002 (orders and regulations) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-15-2"><num>(2)</num><content><p><mod>In subsection (4)(aza) (exceptions to negative procedure), for “or 303Z18(10)” substitute <quotedText>“, 303Z18(10), <ref href="#d28e41664">303Z20</ref><ref href="#d28e41724">(2)</ref>, <ref href="#d28e43247">303Z35</ref><ref href="#d28e43358">(4)</ref>, <ref href="#d28e44140">303Z42</ref><ref href="#d28e44242">(7)</ref>, <ref href="#d28e45778">303Z52</ref><ref href="#d28e45928">(10)</ref> or <ref href="#d28e47614">303Z64</ref><ref href="#d28e47792">(10)</ref>”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-15-3"><num>(3)</num><content><p><mod>In subsection (6ZB) (application of affirmative procedure), for “or 303Z18(10)” substitute <quotedText>“, 303Z18(10), <ref href="#d28e41664">303Z20</ref><ref href="#d28e41724">(2)</ref>, <ref href="#d28e43247">303Z35</ref><ref href="#d28e43358">(4)</ref>, <ref href="#d28e44140">303Z42</ref><ref href="#d28e44242">(7)</ref>, <ref href="#d28e45778">303Z52</ref><ref href="#d28e45928">(10)</ref> or <ref href="#d28e47614">303Z64</ref><ref href="#d28e47792">(10)</ref>”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-15-4"><num>(4)</num><content><p><mod>In subsection (6A) (hybrid instruments), for “or 303Z18(10)” substitute <quotedText>“, 303Z18(10), <ref href="#d28e45778">303Z52</ref><ref href="#d28e45928">(10)</ref> or <ref href="#d28e47614">303Z64</ref><ref href="#d28e47792">(10)</ref>”</quotedText>.</mod></p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e49829"><heading>Amendments to the Civil Jurisdiction and Judgments Act 1982</heading><paragraph eId="schedule-9-paragraph-16" class="schProv1"><num>16</num><subparagraph eId="schedule-9-paragraph-16-1"><num>(1)</num><content><p>Section 18 of the Civil Jurisdiction and Judgments Act 1982 (enforcement of UK judgments in other parts of UK) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-16-2"><num>(2)</num><content><p><mod>In subsection (2)(g), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-16-3"><num>(3)</num><intro><p>In subsection (4ZB)—</p></intro><level class="para1" eId="schedule-9-paragraph-16-3-a"><num>(a)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>a crypto wallet freezing order made under section 303Z37 of that Act;</p></content></level><level class="para1"><num>(bb)</num><content><p>an order for the forfeiture of cryptoassets made under section 303Z41 or 303Z45 of that Act;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="schedule-9-paragraph-16-3-b"><num>(b)</num><content><p><mod>after paragraph (d) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(da)</num><content><p>a crypto wallet freezing order made under paragraph 10Z7BB of that Schedule;</p></content></level><level class="para1"><num>(db)</num><content><p>an order for the forfeiture of cryptoassets made under paragraph 10Z7CA or 10Z7CE of that Schedule.</p></content></level></quotedStructure></mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-16-4"><num>(4)</num><intro><p>In subsection (5)(d)(i)—</p></intro><level class="para1" eId="schedule-9-paragraph-16-4-a"><num>(a)</num><content><p><mod>after “(a)” insert <quotedText>“, (ba)”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-16-4-b"><num>(b)</num><content><p><mod>for “or (c)” substitute <quotedText>“, (c) or (da)”</quotedText>.</mod></p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e49925"><heading>Amendments to the UK Borders Act 2007</heading><paragraph eId="schedule-9-paragraph-17" class="schProv1"><num>17</num><subparagraph eId="schedule-9-paragraph-17-1"><num>(1)</num><content><p>Section 24 of the UK Borders Act 2007 (exercise of civil recovery powers by immigration officers) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-2"><num>(2)</num><content><p><mod>In subsection (1), for “3B” substitute <quotedText>“3F”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-3"><num>(3)</num><content><p><mod>In subsection (2)(a), for “Chapter 3B” substitute <quotedText>“Chapters 3B to 3F”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-4"><num>(4)</num><content><p><mod>In subsection (2)(c), after “303Z2(4))” insert <quotedText>“, Chapter 3C (see section 303Z20(4)), Chapter 3D (see section 303Z36(8)) and Chapter 3E (see section 303Z41(9))”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-5"><num>(5)</num><content><p><mod>In subsection (2)(d), after “303G” insert <quotedText>“(including as section 303G is applied by section 303Z25)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-6"><num>(6)</num><content><p><mod>In subsection (2)(e), after “303I” insert <quotedText>“(including as sections 303H and 303I are applied by section 303Z25)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-7"><num>(7)</num><intro><p>In subsection (2)(f)—</p></intro><level class="para1" eId="schedule-9-paragraph-17-7-a"><num>(a)</num><content><p><mod>in the opening words, for “or 303L(1)” substitute <quotedText>“, 303L(1), 303Z28(1) or (4), 303Z32(1) or (4) or 303Z57(3) or (5)”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-17-7-b"><num>(b)</num><content><p><mod>in sub-paragraph (ii), for “or (as the case may be) 303O” substitute <quotedText>“, 303O, 303Z41 or (as the case may be) 303Z60”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-17-8"><num>(8)</num><content><p><mod>In subsection (2)(g), for “or 303Z14” substitute <quotedText>“, 303Z14, 303Z41 or 303Z60”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-9"><num>(9)</num><content><p><mod>In subsection (2)(h), for “or 303Z18” substitute <quotedText>“, 303Z18, 303Z52 or 303Z64”</quotedText>.</mod></p></content></subparagraph></paragraph></hcontainer></part>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d28e48049"><heading>Amendments to the Proceeds of Crime Act 2002</heading><paragraph eId="schedule-9-paragraph-2" class="schProv1"><num>2</num><content><p><mod>In section 2C(3A) of the Proceeds of Crime Act 2002 (prosecuting authorities), for “or 303Z19” substitute <quotedText>“, 303Z19, 303Z53 or 303Z65”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-9-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-9-paragraph-3-1"><num>(1)</num><content><p>Part 2 of the Proceeds of Crime Act 2002 (confiscation: England and Wales) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-3-2"><num>(2)</num><intro><p>In section 7 (recoverable amount)—</p></intro><level class="para1" eId="schedule-9-paragraph-3-2-a"><num>(a)</num><content><p><mod>in subsection (4)(c), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-3-2-b"><num>(b)</num><content><p><mod>in subsection (4)(d), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-3-3"><num>(3)</num><intro><p>In section 82 (free property)—</p></intro><level class="para1" eId="schedule-9-paragraph-3-3-a"><num>(a)</num><intro><p>in subsection (2)—</p></intro><level class="para2" eId="schedule-9-paragraph-3-3-a-i"><num>(i)</num><content><p><mod>in paragraph (ea), for “or 10Z2(3)” substitute <quotedText>“, 10Z2(3), 10Z7AG(1), 10Z7BB(2), 10Z7CA(3), 10Z7CE(3) or 10Z7DG(3)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-3-3-a-ii"><num>(ii)</num><content><p><mod>in paragraph (f), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z32(1), 303Z37(2), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level></level><level class="para1" eId="schedule-9-paragraph-3-3-b"><num>(b)</num><intro><p>in subsection (3)—</p></intro><level class="para2" eId="schedule-9-paragraph-3-3-b-i"><num>(i)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>it is detained under section 303Z30, 303Z31 or 303Z32 in a case where section 303Z42(2) applies;</p></content></level><level class="para1"><num>(bb)</num><content><p>it is detained under section 303Z57 or 303Z58 in a case where section 303Z60(6) applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-3-3-b-ii"><num>(ii)</num><content><p><mod>in paragraph (c), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-3-3-b-iii"><num>(iii)</num><content><p><mod>after paragraph (e) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ea)</num><content><p>it is detained under paragraph 10Z7AE, 10Z7AF or 10Z7AG of that Schedule in a case where paragraph 10Z7CB(2) of that Schedule applies;</p></content></level><level class="para1"><num>(eb)</num><content><p>it is detained under paragraph 10Z7DD or 10Z7DE of that Schedule in a case where paragraph 10Z7DG(5) of that Schedule applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-3-3-b-iv"><num>(iv)</num><content><p><mod>in paragraph (f), after “10I(1)” insert <quotedText>“or 10Z7CD(1)”</quotedText>.</mod></p></content></level></level></subparagraph></paragraph><paragraph eId="schedule-9-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-9-paragraph-4-1"><num>(1)</num><content><p>Part 3 of the Proceeds of Crime Act 2002 (confiscation: Scotland) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-4-2"><num>(2)</num><intro><p>In section 93 (recoverable amount)—</p></intro><level class="para1" eId="schedule-9-paragraph-4-2-a"><num>(a)</num><content><p><mod>in subsection (4)(c), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-4-2-b"><num>(b)</num><content><p><mod>in subsection (4)(d), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-4-3"><num>(3)</num><intro><p>In section 148 (free property)—</p></intro><level class="para1" eId="schedule-9-paragraph-4-3-a"><num>(a)</num><intro><p>in subsection (2)—</p></intro><level class="para2" eId="schedule-9-paragraph-4-3-a-i"><num>(i)</num><content><p><mod>in paragraph (ea), for “or 10Z2(3)” substitute <quotedText>“, 10Z2(3), 10Z7AG(1), 10Z7BB(2), 10Z7CA(3), 10Z7CE(3) or 10Z7DG(3)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-4-3-a-ii"><num>(ii)</num><content><p><mod>in paragraph (f), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z32(1), 303Z37(2), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level></level><level class="para1" eId="schedule-9-paragraph-4-3-b"><num>(b)</num><intro><p>in subsection (3)—</p></intro><level class="para2" eId="schedule-9-paragraph-4-3-b-i"><num>(i)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>it is detained under section 303Z30, 303Z31 or 303Z32 in a case where section 303Z42(2) applies;</p></content></level><level class="para1"><num>(bb)</num><content><p>it is detained under section 303Z57 or 303Z58 in a case where section 303Z60(6) applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-4-3-b-ii"><num>(ii)</num><content><p><mod>in paragraph (c), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-4-3-b-iii"><num>(iii)</num><content><p><mod>after paragraph (e) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ea)</num><content><p>it is detained under paragraph 10Z7AE, 10Z7AF or 10Z7AG of that Schedule in a case where paragraph 10Z7CB(2) of that Schedule applies;</p></content></level><level class="para1"><num>(eb)</num><content><p>it is detained under paragraph 10Z7DD or 10Z7DE of that Schedule in a case where paragraph 10Z7DG(5) of that Schedule applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-4-3-b-iv"><num>(iv)</num><content><p><mod>in paragraph (f), after “10I(1)” insert <quotedText>“or 10Z7CD(1)”</quotedText>.</mod></p></content></level></level></subparagraph></paragraph><paragraph eId="schedule-9-paragraph-5" class="schProv1"><num>5</num><subparagraph eId="schedule-9-paragraph-5-1"><num>(1)</num><content><p>Part 4 of the Proceeds of Crime Act 2002 (confiscation: Northern Ireland) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-5-2"><num>(2)</num><intro><p>In section 157 (recoverable amount)—</p></intro><level class="para1" eId="schedule-9-paragraph-5-2-a"><num>(a)</num><content><p><mod>in subsection (4)(c), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-5-2-b"><num>(b)</num><content><p><mod>in subsection (4)(d), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-5-3"><num>(3)</num><intro><p>In section 230 (free property)—</p></intro><level class="para1" eId="schedule-9-paragraph-5-3-a"><num>(a)</num><intro><p>in subsection (2)—</p></intro><level class="para2" eId="schedule-9-paragraph-5-3-a-i"><num>(i)</num><content><p><mod>in paragraph (ea), for “or 10Z2(3)” substitute <quotedText>“, 10Z2(3), 10Z7AG(1), 10Z7BB(2), 10Z7CA(3), 10Z7CE(3) or 10Z7DG(3)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-5-3-a-ii"><num>(ii)</num><content><p><mod>in paragraph (f), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z32(1), 303Z37(2), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level></level><level class="para1" eId="schedule-9-paragraph-5-3-b"><num>(b)</num><intro><p>in subsection (3)—</p></intro><level class="para2" eId="schedule-9-paragraph-5-3-b-i"><num>(i)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>it is detained under section 303Z30, 303Z31 or 303Z32 in a case where section 303Z42(2) applies;</p></content></level><level class="para1"><num>(bb)</num><content><p>it is detained under section 303Z57 or 303Z58 in a case where section 303Z60(6) applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-5-3-b-ii"><num>(ii)</num><content><p><mod>in paragraph (c), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-5-3-b-iii"><num>(iii)</num><content><p><mod>after paragraph (e) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ea)</num><content><p>it is detained under paragraph 10Z7AE, 10Z7AF or 10Z7AG of that Schedule in a case where paragraph 10Z7CB(2) of that Schedule applies;</p></content></level><level class="para1"><num>(eb)</num><content><p>it is detained under paragraph 10Z7DD or 10Z7DE of that Schedule in a case where paragraph 10Z7DG(5) of that Schedule applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-5-3-b-iv"><num>(iv)</num><content><p><mod>in paragraph (f), after “10I(1)” insert <quotedText>“or 10Z7CD(1)”</quotedText>.</mod></p></content></level></level></subparagraph></paragraph><paragraph eId="schedule-9-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="schedule-9-paragraph-6-1"><num>(1)</num><content><p>Part 5 of the Proceeds of Crime Act 2002 (civil recovery of the proceeds etc of unlawful conduct) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-6-2"><num>(2)</num><intro><p>In section 278 (limit on recovery)—</p></intro><level class="para1" eId="schedule-9-paragraph-6-2-a"><num>(a)</num><content><p><mod>in subsection (7)(a), for “or 303Z14” substitute <quotedText>“, 303Z14, 303Z41, 303Z45 or 303Z60”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-6-2-b"><num>(b)</num><content><p><mod>after subsection (7A) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7B)</num><intro><p>If—</p></intro><level class="para1"><num>(a)</num><content><p>an order is made under section 303Z44 instead of an order being made under section 303Z41 for the forfeiture of recoverable property, and</p></content></level><level class="para1"><num>(b)</num><content><p>the enforcement authority subsequently seeks a recovery order in respect of related property,</p></content></level><wrapUp><p>the order under section 303Z44 is to be treated for the purposes of this section as if it were a recovery order obtained by the enforcement authority in respect of the property that was the forfeitable property in relation to the order under section 303Z44.</p></wrapUp></subsection></quotedStructure></mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-6-3"><num>(3)</num><intro><p>In section 290 (prior approval - cash), in subsection (6A)—</p></intro><level class="para1" eId="schedule-9-paragraph-6-3-a"><num>(a)</num><content><p><mod>after “section 303J” insert <quotedText>“, <ref href="#d28e42350">303Z26</ref> or <ref href="#d28e42699">303Z29</ref>”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-6-3-b"><num>(b)</num><content><p><mod>after “section 303K(5)” insert <quotedText>“, <ref href="#d28e42440">303Z27</ref><ref href="#d28e42467">(3)</ref> or (as the case may be) <ref href="#d28e42775">303Z31</ref><ref href="#d28e42802">(3)</ref>”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-6-4"><num>(4)</num><intro><p>In section 303E (prior approval - listed assets), in subsection (7)—</p></intro><level class="para1" eId="schedule-9-paragraph-6-4-a"><num>(a)</num><content><p><mod>after “section 294” insert <quotedText>“or property by virtue of section <ref href="#d28e42350">303Z26</ref> or <ref href="#d28e42699">303Z29</ref>”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-6-4-b"><num>(b)</num><content><p><mod>after “cash”, in the second place it occurs, insert <quotedText>“or property”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-6-4-c"><num>(c)</num><content><p><mod>after “section 295(1B)” insert <quotedText>“, <ref href="#d28e42440">303Z27</ref><ref href="#d28e42467">(3)</ref> or (as the case may be) <ref href="#d28e42775">303Z31</ref><ref href="#d28e42802">(3)</ref>”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-6-5"><num>(5)</num><content><p><mod>Before section 303Z18 (but after the italic heading “Supplementary”) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>303Z17A</num><heading>Victims and other owners</heading><subsection eId="d28e48626"><num>(1)</num><content><p>A person who claims that money in respect of which an account freezing order has effect belongs to them may apply for the money to be released.</p></content></subsection><subsection><num>(2)</num><intro><p>An application under subsection <ref href="#d28e48626">(1)</ref> is to be made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, to the sheriff.</p></content></level></subsection><subsection><num>(3)</num><content><p>The application may be made in the course of proceedings under section 303Z3 or 303Z14 or at any other time.</p></content></subsection><subsection><num>(4)</num><intro><p>The court or sheriff may, subject to subsection (8), order the money to which the application relates to be released to the applicant if it appears to the court or sheriff that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the money to which the application relates, or of property which it represents, by unlawful conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the money the applicant was deprived of was not, immediately before the applicant was deprived of it, recoverable property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the money belongs to the applicant.</p></content></level></subsection><subsection eId="d28e48683"><num>(5)</num><content><p>If subsection <ref href="#d28e48692">(6)</ref> applies, the court or sheriff may, subject to subsection (8), order the money to which the application relates to be released to the applicant.</p></content></subsection><subsection eId="d28e48692"><num>(6)</num><intro><p>This subsection applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the money to which the application relates was seized,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the court or sheriff that the money belongs to the applicant,</p></content></level><level class="para1"><num>(c)</num><content><p>the court or sheriff is satisfied that the release condition is met in relation to the money, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under subsection <ref href="#d28e48683">(5)</ref> has been made by the person from whom the money was seized.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to money held in a frozen account, if the conditions for making an order under section 303Z3 in relation to the money are no longer met, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to money held in a frozen account which is subject to an application for forfeiture under section 303Z14, if the court or sheriff decides not to make an order under that section in relation to the money.</p></content></level></subsection><subsection><num>(8)</num><intro><p>Money is not to be released under this section—</p></intro><level class="para1"><num>(a)</num><content><p>if an account forfeiture notice under section 303Z9 is given in respect of the money, until any proceedings in pursuance of the notice (including any proceedings on appeal) are concluded;</p></content></level><level class="para1"><num>(b)</num><content><p>if an application for its forfeiture under section 303Z14 is made, until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.</p></content></level></subsection><subsection><num>(9)</num><content><p>In relation to money held in an account that is subject to an account freezing order, references in this section to a person from whom money was seized include a reference to a person by or for whom the account was operated immediately before the account freezing order was made.</p></content></subsection></section></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-6-6"><num>(6)</num><content><p><mod>After section 311 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Chapters 3C to 3F: supplementary</heading><section><num>311A</num><heading>Financial investigators</heading><subsection><num>(1)</num><intro><p>This section applies where an accredited financial investigator of a particular description—</p></intro><level class="para1"><num>(a)</num><content><p>applies for an order under section 303Z28, 303Z32, 303Z57 or 303Z58 (further detention of cryptoassets etc),</p></content></level><level class="para1"><num>(b)</num><content><p>applies for forfeiture under section 303Z41 or 303Z60 (forfeiture of cryptoassets etc), or</p></content></level><level class="para1"><num>(c)</num><content><p>brings an appeal under, or relating to, Chapter 3E or 3F (cryptoassets etc).</p></content></level></subsection><subsection><num>(2)</num><content><p>Any subsequent step in the application or appeal, or any further application or appeal relating to the same matter, may be taken, made or brought by a different accredited financial investigator of the same description.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-6-7"><num>(7)</num><intro><p>In section 312(2) (performance of functions by Scottish Ministers)—</p></intro><level class="para1" eId="schedule-9-paragraph-6-7-a"><num>(a)</num><content><p><mod>in paragraph (c), for “271(3) and (4)” substitute <quotedText>“271”</quotedText>, and</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-6-7-b"><num>(b)</num><content><p><mod>after paragraph (p) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(q)</num><content><p>section <ref href="#d28e41664">303Z20</ref><ref href="#d28e41730">(3)</ref> (cryptoassets);</p></content></level><level class="para1"><num>(r)</num><content><p>section <ref href="#d28e42289">303Z25</ref> (codes of practice);</p></content></level><level class="para1"><num>(s)</num><content><p>section 303Z28(5)(b) (further detention of seized cryptoasset-related items);</p></content></level><level class="para1"><num>(t)</num><content><p>section 303Z32(5)(b) (further detention of seized cryptoassets);</p></content></level><level class="para1"><num>(u)</num><content><p>section 303Z34(4) and (5)(b)(i) (release of cryptoassets and cryptoasset-related items);</p></content></level><level class="para1"><num>(v)</num><content><p>section <ref href="#d28e43247">303Z35</ref><ref href="#d28e43364">(5)</ref> (crypto wallets);</p></content></level><level class="para1"><num>(w)</num><content><p>section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43937">(2)(b)</ref> (forfeiture of cryptoassets);</p></content></level><level class="para1"><num>(x)</num><content><p>section <ref href="#d28e44140">303Z42</ref><ref href="#d28e44284">(10)</ref> (forfeiture of cryptoassets: supplementary);</p></content></level><level class="para1"><num>(y)</num><content><p>section 303Z44 (agreements about associated and joint property);</p></content></level><level class="para1"><num>(z)</num><content><p>section 303Z45(10) (associated and joint property: default of agreement);</p></content></level><level class="para1"><num>z1</num><content><p>section 303Z46(2) (continuation of crypto wallet freezing order pending appeal);</p></content></level><level class="para1"><num>z2</num><content><p>section 303Z47(1) (sections 303Z41 to 303Z45: appeals);</p></content></level><level class="para1"><num>z3</num><content><p>section <ref href="#d28e46618">303Z57</ref><ref href="#d28e46727">(7)(b)</ref> (detained cryptoassets: detention of proceeds of conversion);</p></content></level><level class="para1"><num>z4</num><content><p>section <ref href="#d28e46805">303Z58</ref><ref href="#d28e46893">(6)(b)</ref> (frozen crypto wallets: detention of proceeds of conversion);</p></content></level><level class="para1"><num>z5</num><content><p>section <ref href="#d28e47107">303Z60</ref><ref href="#d28e47123">(2)</ref> (forfeiture of converted cryptoassets);</p></content></level><level class="para1"><num>z6</num><content><p>section 303Z61(1) (appeal against decision under section 303Z60).</p></content></level></quotedStructure></mod></p></content></level></subparagraph></paragraph><paragraph eId="schedule-9-paragraph-7" class="schProv1"><num>7</num><intro><p>In section 316(1) (general interpretation)—</p></intro><level class="para1" eId="schedule-9-paragraph-7-a"><num>(a)</num><content><p><mod>in the definition of “the court”, for “and 3B” substitute <quotedText>“, 3B, 3C, 3D, 3E and 3F”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-7-b"><num>(b)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet">crypto wallet</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-justice-of-the-peace">justice of the peace</term>”, in relation to Northern Ireland, means lay magistrate;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></paragraph><paragraph eId="schedule-9-paragraph-8" class="schProv1"><num>8</num><subparagraph eId="schedule-9-paragraph-8-1"><num>(1)</num><content><p>Part 8 of the Proceeds of Crime Act 2002 (investigations) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-2"><num>(2)</num><content><p><mod>In section 341 (investigations), after subsection (3C) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3D)</num><intro><p>For the purposes of this Part a cryptoasset investigation is an investigation for the purposes of Chapter 3C, 3D, 3E or 3F of Part 5 and includes investigation into—</p></intro><level class="para1"><num>(a)</num><content><p>the derivation of cryptoassets detained under Chapter 3C (including where the cryptoassets have been converted into money in accordance with Chapter 3F),</p></content></level><level class="para1"><num>(b)</num><content><p>whether cryptoassets or converted cryptoassets detained under Chapter 3C or 3F are intended by any person to be used in unlawful conduct,</p></content></level><level class="para1"><num>(c)</num><content><p>the derivation of cryptoassets held in a crypto wallet in relation to which a crypto wallet freezing order made under section <ref href="#d28e43582">303Z37</ref> has effect (including where the cryptoassets have been converted into money in accordance with Chapter 3F), or</p></content></level><level class="para1"><num>(d)</num><content><p>whether cryptoassets held in such a wallet are intended by any person to be used in unlawful conduct.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-3"><num>(3)</num><content><p><mod>In section 342 (offences of prejudicing investigation), in subsection (1) after “frozen funds investigation” insert <quotedText>“, a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-4"><num>(4)</num><content><p><mod>In section 343 (judges), in subsection (2) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-5"><num>(5)</num><content><p><mod>In section 344 (courts), in paragraph (a) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-6"><num>(6)</num><content><p><mod>In section 345 (production orders), in subsection (2)(b) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-7"><num>(7)</num><content><p><mod>In section 346 (requirements for making of production order), in subsection (2), after paragraph (bf) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bg)</num><content><p>in the case of a cryptoasset investigation into the derivation of cryptoassets, the cryptoassets the application for the order specifies as being subject to the investigation (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are recoverable property;</p></content></level><level class="para1"><num>(bh)</num><content><p>in the case of a cryptoasset investigation into the intended use of cryptoassets, the cryptoassets the application for the order specifies as being subject to the investigation (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are intended by any person to be used in unlawful conduct.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-8"><num>(8)</num><content><p><mod>In section 350 (Government departments), in subsection (5)(a) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-9"><num>(9)</num><content><p><mod>In section 352 (search and seizure warrants), in subsection (2)(b) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-10"><num>(10)</num><content><p><mod>In section 353 (requirements where production order not available), in subsection (2), after paragraph (bf) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bg)</num><content><p>in the case of a cryptoasset investigation into the derivation of cryptoassets, the cryptoassets specfied in the application for the warrant (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are recoverable property;</p></content></level><level class="para1"><num>(bh)</num><content><p>in the case of a cryptoasset investigation into the intended use of cryptoassets, the cryptoassets specified in the application for the warrant (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are intended by any person to be used in unlawful conduct.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-11"><num>(11)</num><intro><p>Section 355 (further provisions) is amended as follows—</p></intro><level class="para1" eId="schedule-9-paragraph-8-11-a"><num>(a)</num><content><p><mod>in the heading, for “and frozen funds” substitute <quotedText>“, frozen funds and cryptoasset”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-11-b"><num>(b)</num><content><p><mod>in subsection (1)(a), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-12"><num>(12)</num><content><p><mod>In section 357 (disclosure orders), in subsection (2) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-13"><num>(13)</num><content><p><mod>In section 363 (customer information orders), in subsection (1A) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-14"><num>(14)</num><content><p><mod>In section 370 (account monitoring orders), in subsection (1A) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-15"><num>(15)</num><intro><p>Section 375A (evidence overseas) is amended as follows—</p></intro><level class="para1" eId="schedule-9-paragraph-8-15-a"><num>(a)</num><content><p><mod>in subsection (1), after “frozen funds investigation” insert <quotedText>“, a cryptoasset investigation”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-15-b"><num>(b)</num><content><p><mod>in subsection (5), after paragraph (bb) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bc)</num><content><p>in relation to an application or request made for the purposes of a cryptoasset investigation, evidence as to a matter described in section 341(3D)(a) to (d);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-16"><num>(16)</num><content><p><mod>In section 375B (evidence overseas: restrictions on use), in subsection (3), after paragraph (bb) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bc)</num><content><p>if the request was made for the purposes of a cryptoasset investigation, proceedings under Chapter 3C, 3D, 3E or 3F of Part 5 of this Act arising out of the investigation;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-17"><num>(17)</num><content><p><mod>In section 378 (officers), after subsection (3F) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3G)</num><intro><p>In relation to a cryptoasset investigation these are appropriate officers—</p></intro><level class="para1"><num>(a)</num><content><p>a constable;</p></content></level><level class="para1"><num>(b)</num><content><p>an SFO officer;</p></content></level><level class="para1"><num>(c)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this paragraph by the Secretary of State or the Welsh Ministers under section 453;</p></content></level><level class="para1"><num>(d)</num><content><p>an officer of Revenue and Customs.</p></content></level></subsection><subsection><num>(3H)</num><intro><p>In relation to a cryptoasset investigation these are senior appropriate officers—</p></intro><level class="para1"><num>(a)</num><content><p>a police officer who is not below the rank of inspector;</p></content></level><level class="para1"><num>(b)</num><content><p>the Director of the Serious Fraud Office;</p></content></level><level class="para1"><num>(c)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this paragraph by the Secretary of State or the Welsh Ministers under section 453;</p></content></level><level class="para1"><num>(d)</num><content><p>an officer of Revenue and Customs who is not below such grade as is designated by the Commissioners for His Majesty’s Revenue and Customs as equivalent to the police rank of inspector.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-18"><num>(18)</num><intro><p>In section 380 (production orders)—</p></intro><level class="para1" eId="schedule-9-paragraph-8-18-a"><num>(a)</num><content><p><mod>in subsection (2), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-18-b"><num>(b)</num><content><p><mod>in subsection (3)(b), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-19"><num>(19)</num><content><p><mod>In section 381 (requirements for making of production order), in subsection (2), after paragraph (bf) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bg)</num><content><p>in the case of a cryptoasset investigation into the derivation of cryptoassets, the cryptoassets the application for the order specifies as being subject to the investigation (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are recoverable property;</p></content></level><level class="para1"><num>(bh)</num><content><p>in the case of a cryptoasset investigation into the intended use of cryptoassets, the cryptoassets the application for the order specifies as being subject to the investigation (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are intended by any person to be used in unlawful conduct.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-20"><num>(20)</num><content><p><mod>In section 385 (Government departments), in subsection (4)(b) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-21"><num>(21)</num><content><p><mod>In section 386 (production orders: supplementary), in subsection (3)(b), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-22"><num>(22)</num><content><p><mod>In section 387 (search warrants), in subsection (3)(b) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-23"><num>(23)</num><content><p><mod>In section 388 (requirements where production order not available), in subsection (2), after paragraph (bf) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bg)</num><content><p>in the case of a cryptoasset investigation into the derivation of cryptoassets, the cryptoassets specfied in the application for the warrant (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are recoverable property;</p></content></level><level class="para1"><num>(bh)</num><content><p>in the case of a cryptoasset investigation into the intended use of cryptoassets, the cryptoassets specified in the application for the warrant (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are intended by any person to be used in unlawful conduct.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-24"><num>(24)</num><intro><p>Section 390 (further provisions) is amended as follows—</p></intro><level class="para1" eId="schedule-9-paragraph-8-24-a"><num>(a)</num><content><p><mod>in the heading, for “and money laundering” substitute <quotedText>“, money laundering and cryptoasset”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-24-b"><num>(b)</num><content><p><mod>in subsection (1), for “or money laundering investigations” substitute <quotedText>“, money laundering investigations or cryptoasset investigations”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-24-c"><num>(c)</num><content><p><mod>in subsections (5), (6) and (7), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-25"><num>(25)</num><content><p><mod>In section 391 (disclosure orders), in subsection (2) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-26"><num>(26)</num><content><p><mod>In section 397 (customer information orders), in subsection (1A) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-27"><num>(27)</num><content><p><mod>In section 404 (account monitoring orders), in subsection (1A) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-28"><num>(28)</num><intro><p>Section 408A (evidence overseas) is amended as follows—</p></intro><level class="para1" eId="schedule-9-paragraph-8-28-a"><num>(a)</num><content><p><mod>in subsection (1), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-28-b"><num>(b)</num><content><p><mod>in subsection (5), after paragraph (d) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>in relation to an application or request made for the purposes of a cryptoasset investigation, evidence as to a matter described in section 341(3D)(a) to (d);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-29"><num>(29)</num><content><p><mod>In section 408B (evidence overseas: restrictions on use) in subsection (3), after paragraph (d) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>if the request was made for the purposes of a cryptoasset investigation, proceedings under Chapter 3C, 3D, 3E or 3F of Part 5 of this Act arising out of the investigation;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-30"><num>(30)</num><intro><p>In section 412 (interpretation)—</p></intro><level class="para1" eId="schedule-9-paragraph-8-30-a"><num>(a)</num><content><p><mod>in the definition of “appropriate person”, in paragraph (b), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-30-b"><num>(b)</num><content><p><mod>in the definition of “proper person”, in paragraph (b), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-31"><num>(31)</num><content><p><mod>In section 416 (other interpretative provisions), in subsection (1), after the entry for “confiscation investigation” insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>cryptoasset investigation: section 341(3D)</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-9-paragraph-9" class="schProv1"><num>9</num><content><p><mod>In section 438 of the Proceeds of Crime Act 2002 (disclosure of information by certain authorities), in subsection (1)(f), for “or 3B” substitute <quotedText>“, 3B, 3C, 3D, 3E or 3F”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-9-paragraph-10" class="schProv1"><num>10</num><intro><p>In section 441 of the Proceeds of Crime Act 2002 (disclosure of information by Lord Advocate and by Scottish Ministers)—</p></intro><level class="para1" eId="schedule-9-paragraph-10-a"><num>(a)</num><content><p><mod>in subsection (1), for “or 3A” substitute <quotedText>“, 3A, 3C or 3F”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-10-b"><num>(b)</num><content><p><mod>in subsection (2)(g), for “or 3B” substitute <quotedText>“, 3B, 3C, 3D, 3E or 3F”</quotedText>.</mod></p></content></level></paragraph><paragraph eId="schedule-9-paragraph-11" class="schProv1"><num>11</num><content><p><mod>In section 450 of the Proceeds of Crime Act 2002 (pseudonyms: Scotland), in subsection (1)(a), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-9-paragraph-12" class="schProv1"><num>12</num><content><p><mod>In section 453A of the Proceeds of Crime Act 2002 (certain offences in relation to financial investigators), in subsection (5), at the end of paragraph (dc) (before the “or”) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(dd)</num><content><p>section 303Z21 (powers to search for cryptoasset-related items);</p></content></level><level class="para1"><num>(de)</num><content><p>section 303Z26 (powers to seize cryptoasset-related items);</p></content></level><level class="para1"><num>(df)</num><content><p>section 303Z27 (powers to detain cryptoasset-related items);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph><paragraph eId="schedule-9-paragraph-13" class="schProv1"><num>13</num><content><p><mod>In section 453B of the Proceeds of Crime Act 2002 (certain offences in relation to SFO officers), in subsection (5), after paragraph (g) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ga)</num><content><p>section 303Z21 (powers to search for cryptoasset-related items);</p></content></level><level class="para1"><num>(gb)</num><content><p>section 303Z26 (powers to seize cryptoasset-related items);</p></content></level><level class="para1"><num>(gc)</num><content><p>section 303Z27 (powers to detain cryptoasset-related items);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph><paragraph eId="schedule-9-paragraph-14" class="schProv1"><num>14</num><content><p><mod>In section 453C of the Proceeds of Crime Act 2002 (obstruction offence in relation to immigration officers), in subsection (3), after paragraph (g) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ga)</num><content><p>section 303Z21 (powers to search for cryptoasset-related items) as applied by section 24 of the UK Borders Act 2007 (exercise of civil recovery powers by immigration officers);</p></content></level><level class="para1"><num>(gb)</num><content><p>section 303Z26 as so applied (powers to seize cryptoasset-related items);</p></content></level><level class="para1"><num>(gc)</num><content><p>section 303Z27 as so applied (powers to detain cryptoasset-related items);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph><paragraph eId="schedule-9-paragraph-15" class="schProv1"><num>15</num><subparagraph eId="schedule-9-paragraph-15-1"><num>(1)</num><content><p>Section 459 of the Proceeds of Crime Act 2002 (orders and regulations) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-15-2"><num>(2)</num><content><p><mod>In subsection (4)(aza) (exceptions to negative procedure), for “or 303Z18(10)” substitute <quotedText>“, 303Z18(10), <ref href="#d28e41664">303Z20</ref><ref href="#d28e41724">(2)</ref>, <ref href="#d28e43247">303Z35</ref><ref href="#d28e43358">(4)</ref>, <ref href="#d28e44140">303Z42</ref><ref href="#d28e44242">(7)</ref>, <ref href="#d28e45778">303Z52</ref><ref href="#d28e45928">(10)</ref> or <ref href="#d28e47614">303Z64</ref><ref href="#d28e47792">(10)</ref>”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-15-3"><num>(3)</num><content><p><mod>In subsection (6ZB) (application of affirmative procedure), for “or 303Z18(10)” substitute <quotedText>“, 303Z18(10), <ref href="#d28e41664">303Z20</ref><ref href="#d28e41724">(2)</ref>, <ref href="#d28e43247">303Z35</ref><ref href="#d28e43358">(4)</ref>, <ref href="#d28e44140">303Z42</ref><ref href="#d28e44242">(7)</ref>, <ref href="#d28e45778">303Z52</ref><ref href="#d28e45928">(10)</ref> or <ref href="#d28e47614">303Z64</ref><ref href="#d28e47792">(10)</ref>”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-15-4"><num>(4)</num><content><p><mod>In subsection (6A) (hybrid instruments), for “or 303Z18(10)” substitute <quotedText>“, 303Z18(10), <ref href="#d28e45778">303Z52</ref><ref href="#d28e45928">(10)</ref> or <ref href="#d28e47614">303Z64</ref><ref href="#d28e47792">(10)</ref>”</quotedText>.</mod></p></content></subparagraph></paragraph></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d28e49829"><heading>Amendments to the Civil Jurisdiction and Judgments Act 1982</heading><paragraph eId="schedule-9-paragraph-16" class="schProv1"><num>16</num><subparagraph eId="schedule-9-paragraph-16-1"><num>(1)</num><content><p>Section 18 of the Civil Jurisdiction and Judgments Act 1982 (enforcement of UK judgments in other parts of UK) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-16-2"><num>(2)</num><content><p><mod>In subsection (2)(g), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-16-3"><num>(3)</num><intro><p>In subsection (4ZB)—</p></intro><level class="para1" eId="schedule-9-paragraph-16-3-a"><num>(a)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>a crypto wallet freezing order made under section 303Z37 of that Act;</p></content></level><level class="para1"><num>(bb)</num><content><p>an order for the forfeiture of cryptoassets made under section 303Z41 or 303Z45 of that Act;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="schedule-9-paragraph-16-3-b"><num>(b)</num><content><p><mod>after paragraph (d) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(da)</num><content><p>a crypto wallet freezing order made under paragraph 10Z7BB of that Schedule;</p></content></level><level class="para1"><num>(db)</num><content><p>an order for the forfeiture of cryptoassets made under paragraph 10Z7CA or 10Z7CE of that Schedule.</p></content></level></quotedStructure></mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-16-4"><num>(4)</num><intro><p>In subsection (5)(d)(i)—</p></intro><level class="para1" eId="schedule-9-paragraph-16-4-a"><num>(a)</num><content><p><mod>after “(a)” insert <quotedText>“, (ba)”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-16-4-b"><num>(b)</num><content><p><mod>for “or (c)” substitute <quotedText>“, (c) or (da)”</quotedText>.</mod></p></content></level></subparagraph></paragraph></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d28e49925"><heading>Amendments to the UK Borders Act 2007</heading><paragraph eId="schedule-9-paragraph-17" class="schProv1"><num>17</num><subparagraph eId="schedule-9-paragraph-17-1"><num>(1)</num><content><p>Section 24 of the UK Borders Act 2007 (exercise of civil recovery powers by immigration officers) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-2"><num>(2)</num><content><p><mod>In subsection (1), for “3B” substitute <quotedText>“3F”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-3"><num>(3)</num><content><p><mod>In subsection (2)(a), for “Chapter 3B” substitute <quotedText>“Chapters 3B to 3F”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-4"><num>(4)</num><content><p><mod>In subsection (2)(c), after “303Z2(4))” insert <quotedText>“, Chapter 3C (see section 303Z20(4)), Chapter 3D (see section 303Z36(8)) and Chapter 3E (see section 303Z41(9))”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-5"><num>(5)</num><content><p><mod>In subsection (2)(d), after “303G” insert <quotedText>“(including as section 303G is applied by section 303Z25)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-6"><num>(6)</num><content><p><mod>In subsection (2)(e), after “303I” insert <quotedText>“(including as sections 303H and 303I are applied by section 303Z25)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-7"><num>(7)</num><intro><p>In subsection (2)(f)—</p></intro><level class="para1" eId="schedule-9-paragraph-17-7-a"><num>(a)</num><content><p><mod>in the opening words, for “or 303L(1)” substitute <quotedText>“, 303L(1), 303Z28(1) or (4), 303Z32(1) or (4) or 303Z57(3) or (5)”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-17-7-b"><num>(b)</num><content><p><mod>in sub-paragraph (ii), for “or (as the case may be) 303O” substitute <quotedText>“, 303O, 303Z41 or (as the case may be) 303Z60”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-17-8"><num>(8)</num><content><p><mod>In subsection (2)(g), for “or 303Z14” substitute <quotedText>“, 303Z14, 303Z41 or 303Z60”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-9"><num>(9)</num><content><p><mod>In subsection (2)(h), for “or 303Z18” substitute <quotedText>“, 303Z18, 303Z52 or 303Z64”</quotedText>.</mod></p></content></subparagraph></paragraph></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-10"><num>SCHEDULE 10<authorialNote class="referenceNote"><p>Section 181</p></authorialNote></num><heading>Cryptoassets: terrorism</heading><part eId="schedule-10-part-1"><num>PART 1</num><heading>Amendments to the Anti-terrorism, Crime and Security Act 2001</heading><paragraph eId="schedule-10-paragraph-1" class="schProv1"><num>1</num><content><p>Schedule 1 to the Anti-terrorism, Crime and Security Act 2001 (forfeiture of terrorist property) is amended as follows.</p></content></paragraph><paragraph eId="schedule-10-paragraph-2" class="schProv1"><num>2</num><content><p><mod>After Part 4B insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><part eId="d28e50060"><num>PART 4BA</num><heading>Seizure and detention of terrorist cryptoassets</heading><hcontainer name="crossheading" class="schGroup7"><heading>Interpretation</heading><paragraph eId="d28e50068" class="schProv1"><num>10Z7A</num><subparagraph eId="d28e50072"><num>(1)</num><intro><p>In this Schedule—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-crypto-wallet">crypto wallet</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>software,</p></content></level><level class="para1"><num>(b)</num><content><p>hardware,</p></content></level><level class="para1"><num>(c)</num><content><p>a physical item, or</p></content></level><level class="para1"><num>(d)</num><content><p>any combination of the things mentioned in paragraphs <ref href="#d28e50095">(a)</ref> to <ref href="#d28e50103">(c)</ref>,</p></content></level><wrapUp><p>which is used to store the cryptographic private key that allows cryptoassets to be accessed;</p></wrapUp></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-terrorist-cryptoasset">terrorist cryptoasset</term>” means a cryptoasset which—</p></intro><level class="para1"><num>(a)</num><content><p>is within subsection (1)(a) or (b) of section 1, or</p></content></level><level class="para1"><num>(b)</num><content><p>is earmarked as terrorist property.</p></content></level></hcontainer></subparagraph><subparagraph eId="d28e50134"><num>(2)</num><content><p>The Secretary of State may by regulations made by statutory instrument amend the definitions of “cryptoasset” and “crypto wallet” in sub-paragraph <ref href="#d28e50072">(1)</ref>.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>Regulations under sub-paragraph <ref href="#d28e50134">(2)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>may make different provision for different purposes;</p></content></level><level class="para1"><num>(b)</num><content><p>may make consequential, supplementary, incidental, transitional, transitory or saving provision.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>A statutory instrument containing regulations under sub-paragraph <ref href="#d28e50134">(2)</ref> may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</p></content></subparagraph><subparagraph eId="d28e50173"><num>(5)</num><intro><p>In this Part—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset-related-item">cryptoasset-related item</term>” means an item of property that is, or that contains or gives access to information that is, likely to assist in the seizure under this Part of terrorist cryptoassets;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-senior-officer">senior officer</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a senior police officer;</p></content></level><level class="para1"><num>(b)</num><content><p>an officer of Revenue and Customs of a rank designated by the Commissioners for His Majesty’s Revenue and Customs as equivalent to that of a senior police officer;</p></content></level><level class="para1"><num>(c)</num><content><p>an immigration officer of a rank designated by the Secretary of State as equivalent to that of a senior police officer;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-police-officer">senior police officer</term>” means a police officer of at least the rank of superintendent.</p></content></hcontainer></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Seizure of cryptoasset-related items</heading><paragraph eId="d28e50217" class="schProv1"><num>10Z7AA</num><subparagraph eId="d28e50221"><num>(1)</num><content><p>An authorised officer may seize any item of property if the authorised officer has reasonable grounds for suspecting that the item is a cryptoasset-related item.</p></content></subparagraph><subparagraph eId="d28e50227"><num>(2)</num><intro><p>If an authorised officer is lawfully on any premises, the officer may, for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>determining whether any property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>enabling or facilitating the seizure under this Part of any terrorist cryptoasset,</p></content></level><wrapUp><p>require any information which is stored in any electronic form and accessible from the premises to be produced in a form in which it can be taken away and in which it is visible and legible, or from which it can readily be produced in a visible and legible form.</p></wrapUp></subparagraph><subparagraph><num>(3)</num><content><p>But sub-paragraph <ref href="#d28e50227">(2)</ref> does not authorise an authorised officer to require a person to produce privileged information.</p></content></subparagraph><subparagraph><num>(4)</num><intro><p>In this paragraph “<term refersTo="#term-privileged-information">privileged information</term>” means information which a person would be entitled to refuse to provide—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, on grounds of legal professional privilege in proceedings in the High Court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, on grounds of confidentiality of communications in proceedings in the Court of Session.</p></content></level></subparagraph><subparagraph><num>(5)</num><intro><p>Where an authorised officer has seized a cryptoasset-related item under sub-paragraph <ref href="#d28e50221">(1)</ref>, the officer may use any information obtained from the item for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>identifying or gaining access to a crypto wallet, and</p></content></level><level class="para1"><num>(b)</num><content><p>by doing so, enabling or facilitating the seizure under this Part of any cryptoassets.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Initial detention of cryptoasset-related items</heading><paragraph class="schProv1"><num>10Z7AB</num><subparagraph eId="d28e50305"><num>(1)</num><content><p>Property seized under paragraph <ref href="#d28e50217">10Z7AA</ref> may be detained for an initial period of 48 hours.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Sub-paragraph <ref href="#d28e50305">(1)</ref> authorises the detention of property only for so long as an authorised officer continues to have reasonable grounds for suspicion in relation to that property as described in paragraph <ref href="#d28e50217">10Z7AA</ref><ref href="#d28e50221">(1)</ref>.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>In calculating a period of 48 hours for the purposes of this paragraph, no account is to be taken of—</p></intro><level class="para1"><num>(a)</num><content><p>any Saturday or Sunday,</p></content></level><level class="para1"><num>(b)</num><content><p>Christmas Day,</p></content></level><level class="para1"><num>(c)</num><content><p>Good Friday,</p></content></level><level class="para1"><num>(d)</num><content><p>any day that is a bank holiday under the Banking and Financial Dealings Act 1971 in the part of the United Kingdom within which the property is seized, or</p></content></level><level class="para1"><num>(e)</num><content><p>any day prescribed by virtue of section 8(2) of the Criminal Procedure (Scotland) Act 1995 as a court holiday in a sheriff court in the sheriff court district within which the property is seized.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Further detention of cryptoasset-related items</heading><paragraph eId="d28e50367" class="schProv1"><num>10Z7AC</num><subparagraph eId="d28e50371"><num>(1)</num><intro><p>The period for which property seized under paragraph <ref href="#d28e50217">10Z7AA</ref> may be detained may be extended by an order made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, by a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, by the sheriff.</p></content></level></subparagraph><subparagraph><num>(2)</num><intro><p>An order under sub-paragraph <ref href="#d28e50371">(1)</ref> may not authorise the detention of any property—</p></intro><level class="para1"><num>(a)</num><content><p>beyond the end of the period of 6 months beginning with the date of the order, and</p></content></level><level class="para1" eId="d28e50407"><num>(b)</num><content><p>in the case of any further order under this paragraph, beyond the end of the period of 2 years beginning with the date of the first order; but this is subject to sub-paragraph <ref href="#d28e50425">(4)</ref>.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>A justice of the peace may also exercise the power of a magistrates’ court to make the first order under sub-paragraph <ref href="#d28e50371">(1)</ref>.</p></content></subparagraph><subparagraph eId="d28e50425"><num>(4)</num><content><p>The court or sheriff may make an order for the period of 2 years in sub-paragraph <ref href="#d28e50407">(2)(b)</ref> to be extended to a period of up to 3 years beginning with the date of the first order.</p></content></subparagraph><subparagraph><num>(5)</num><intro><p>An application to a magistrates’ court, a justice of the peace or the sheriff to make the first order under sub-paragraph <ref href="#d28e50371">(1)</ref> extending a particular period of detention—</p></intro><level class="para1"><num>(a)</num><content><p>may be made and heard without notice of the application or hearing having been given to any of the persons affected by the application or to the legal representatives of such a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>may be heard and determined in private in the absence of persons so affected and of their legal representatives.</p></content></level></subparagraph><subparagraph eId="d28e50455"><num>(6)</num><intro><p>An application for an order under sub-paragraph <ref href="#d28e50371">(1)</ref> or <ref href="#d28e50425">(4)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, by the Commissioners for His Majesty’s Revenue and Customs or an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, by a procurator fiscal.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>The court, sheriff or justice may make an order under sub-paragraph <ref href="#d28e50371">(1)</ref> if satisfied, in relation to the item of property to be further detained, that—</p></intro><level class="para1"><num>(a)</num><content><p>there are reasonable grounds for suspecting that it is a cryptoasset-related item, and</p></content></level><level class="para1"><num>(b)</num><content><p>its continuing detention is justified.</p></content></level></subparagraph><subparagraph eId="d28e50500"><num>(8)</num><content><p>The court or sheriff may make an order under sub-paragraph <ref href="#d28e50425">(4)</ref> if satisfied that a request for assistance is outstanding in relation to the item of property to be further detained.</p></content></subparagraph><subparagraph><num>(9)</num><intro><p>A “request for assistance” in sub-paragraph <ref href="#d28e50500">(8)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the property to be further detained, made —</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an authorised officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Schedule, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A of the Proceeds of Crime Act 2002 (evidence overseas).</p></content></level></subparagraph><subparagraph><num>(10)</num><content><p>An order under sub-paragraph <ref href="#d28e50371">(1)</ref> must provide for notice to be given to persons affected by the order.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Seizure of cryptoassets</heading><paragraph eId="d28e50554" class="schProv1"><num>10Z7AD</num><subparagraph eId="d28e50558"><num>(1)</num><content><p>An authorised officer may seize cryptoassets if the authorised officer has reasonable grounds for suspecting that the cryptoassets are terrorist cryptoassets.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>The circumstances in which a cryptoasset is “<term refersTo="#term-seized">seized</term>” for the purposes of sub-paragraph <ref href="#d28e50558">(1)</ref> include circumstances in which it is transferred into a crypto wallet controlled by the authorised officer.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Prior authorisation for detention of cryptoassets</heading><paragraph eId="d28e50579" class="schProv1"><num>10Z7AE</num><subparagraph><num>(1)</num><content><p>Where an order is made under paragraph <ref href="#d28e50367">10Z7AC</ref> in respect of a cryptoasset-related item, the court, sheriff or justice making the order may, at the same time, make an order to authorise the detention of any cryptoassets that may be seized as a result of information obtained from that item.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>An application for an order under this paragraph may be made, by a person mentioned in paragraph <ref href="#d28e50367">10Z7AC</ref><ref href="#d28e50455">(6)</ref>, at the same time as an application for an order under paragraph <ref href="#d28e50367">10Z7AC</ref> is made by that person.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>The court, sheriff or justice may make an order under this paragraph if satisfied that there are reasonable grounds for suspecting that the cryptoassets that may be seized are terrorist cryptoassets.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>An order under this paragraph authorises detention of the cryptoassets for the same period of time as the order under paragraph <ref href="#d28e50367">10Z7AC</ref> authorises detention in respect of the cryptoasset-related item to which those cryptoassets relate.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Initial detention of cryptoassets</heading><paragraph eId="d28e50624" class="schProv1"><num>10Z7AF</num><subparagraph eId="d28e50628"><num>(1)</num><content><p>Cryptoassets seized under paragraph <ref href="#d28e50554">10Z7AD</ref> may be detained for an initial period of 48 hours.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Sub-paragraph <ref href="#d28e50628">(1)</ref> authorises the detention of cryptoassets only for so long as an authorised officer continues to have reasonable grounds for suspicion in relation to those cryptoassets as described in paragraph <ref href="#d28e50554">10Z7AD</ref><ref href="#d28e50558">(1)</ref>.</p></content></subparagraph><subparagraph eId="d28e50651"><num>(3)</num><intro><p>In calculating a period of 48 hours for the purposes of this paragraph, no account is to be taken of—</p></intro><level class="para1"><num>(a)</num><content><p>any Saturday or Sunday,</p></content></level><level class="para1"><num>(b)</num><content><p>Christmas Day,</p></content></level><level class="para1"><num>(c)</num><content><p>Good Friday,</p></content></level><level class="para1"><num>(d)</num><content><p>any day that is a bank holiday under the Banking and Financial Dealings Act 1971 in the part of the United Kingdom within which the property is seized, or</p></content></level><level class="para1"><num>(e)</num><content><p>any day prescribed by virtue of section 8(2) of the Criminal Procedure (Scotland) Act 1995 as a court holiday in a sheriff court in the sheriff court district within which the property is seized.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>This paragraph is subject to paragraph <ref href="#d28e50579">10Z7AE</ref>.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Further detention of cryptoassets</heading><paragraph eId="d28e50699" class="schProv1"><num>10Z7AG</num><subparagraph eId="d28e50703"><num>(1)</num><intro><p>The period for which cryptoassets seized under paragraph <ref href="#d28e50554">10Z7AD</ref> may be detained may be extended by an order made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, by a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, by the sheriff.</p></content></level></subparagraph><subparagraph><num>(2)</num><intro><p>An order under sub-paragraph <ref href="#d28e50703">(1)</ref> may not authorise the detention of any cryptoassets—</p></intro><level class="para1"><num>(a)</num><content><p>beyond the end of the period of 6 months beginning with the date of the order, and</p></content></level><level class="para1" eId="d28e50739"><num>(b)</num><content><p>in the case of any further order under this paragraph, beyond the end of the period of 2 years beginning with the date of the first order; but this is subject to sub-paragraph <ref href="#d28e50757">(4)</ref>.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>A justice of the peace may also exercise the power of a magistrates’ court to make the first order under sub-paragraph <ref href="#d28e50703">(1)</ref>.</p></content></subparagraph><subparagraph eId="d28e50757"><num>(4)</num><content><p>The court or sheriff may make an order for the period of 2 years in sub-paragraph <ref href="#d28e50739">(2)(b)</ref> to be extended to a period of up to 3 years beginning with the date of the first order.</p></content></subparagraph><subparagraph><num>(5)</num><intro><p>An application to a magistrates’ court, a justice of the peace or the sheriff to make the first order under sub-paragraph <ref href="#d28e50703">(1)</ref> extending a particular period of detention—</p></intro><level class="para1"><num>(a)</num><content><p>may be made and heard without notice of the application or hearing having been given to any of the persons affected by the application or to the legal representatives of such a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>may be heard and determined in private in the absence of persons so affected and of their legal representatives.</p></content></level></subparagraph><subparagraph><num>(6)</num><intro><p>An application for an order under sub-paragraph <ref href="#d28e50703">(1)</ref> or <ref href="#d28e50757">(4)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, by the Commissioners for His Majesty’s Revenue and Customs or an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, by a procurator fiscal.</p></content></level></subparagraph><subparagraph><num>(7)</num><content><p>The court, sheriff or justice may make an order under sub-paragraph <ref href="#d28e50703">(1)</ref> if satisfied, in relation to the cryptoassets to be further detained, that condition 1, condition 2 or condition 3 is met.</p></content></subparagraph><subparagraph><num>(8)</num><intro><p>Condition 1 is that there are reasonable grounds for suspecting that the cryptoassets are intended to be used for the purposes of terrorism and that either—</p></intro><level class="para1"><num>(a)</num><content><p>their continued detention is justified while their intended use is further investigated or consideration is given to bringing (in the United Kingdom or elsewhere) proceedings against any person for an offence with which the cryptoassets are connected, or</p></content></level><level class="para1"><num>(b)</num><content><p>proceedings against any person for an offence with which the cryptoassets are connected have been started and have not been concluded.</p></content></level></subparagraph><subparagraph><num>(9)</num><intro><p>Condition 2 is that there are reasonable grounds for suspecting that the cryptoassets consist of resources of an organisation which is a proscribed organisation and that either—</p></intro><level class="para1"><num>(a)</num><content><p>their continued detention is justified while investigation is made into whether or not they consist of such resources or consideration is given to bringing (in the United Kingdom or elsewhere) proceedings against any person for an offence with which the cryptoassets are connected, or</p></content></level><level class="para1"><num>(b)</num><content><p>proceedings against any person for an offence with which the cryptoassets are connected have been started and have not been concluded.</p></content></level></subparagraph><subparagraph><num>(10)</num><intro><p>Condition 3 is that there are reasonable grounds for suspecting that the cryptoassets are property earmarked as terrorist property and that either—</p></intro><level class="para1"><num>(a)</num><content><p>their continued detention is justified while their derivation is further investigated or consideration is given to bringing (in the United Kingdom or elsewhere) proceedings against any person for an offence with which the cryptoassets are connected, or</p></content></level><level class="para1"><num>(b)</num><content><p>proceedings against any person for an offence with which the cryptoassets are connected have been started and have not been concluded.</p></content></level></subparagraph><subparagraph eId="d28e50874"><num>(11)</num><content><p>The court or sheriff may make an order under sub-paragraph <ref href="#d28e50757">(4)</ref> if satisfied that a request for assistance is outstanding in relation to the cryptoassets to be further detained.</p></content></subparagraph><subparagraph><num>(12)</num><intro><p>A “request for assistance” in sub-paragraph <ref href="#d28e50874">(11)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the property to be further detained, made —</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an authorised officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Schedule, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A of the Proceeds of Crime Act 2002 (evidence overseas).</p></content></level></subparagraph><subparagraph><num>(13)</num><content><p>An order under sub-paragraph <ref href="#d28e50703">(1)</ref> must provide for notice to be given to persons affected by the order.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Safekeeping of cryptoasset-related items and cryptoassets</heading><paragraph class="schProv1"><num>10Z7AH</num><subparagraph><num>(1)</num><content><p>An authorised officer must arrange for any item of property seized under paragraph <ref href="#d28e50217">10Z7AA</ref> to be safely stored throughout the period during which it is detained under this Part.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>An authorised officer must arrange for any cryptoassets seized under paragraph <ref href="#d28e50554">10Z7AD</ref> to be safely stored throughout the period during which they are detained under this Part.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Release of cryptoasset-related items and cryptoassets</heading><paragraph class="schProv1"><num>10Z7AI</num><subparagraph><num>(1)</num><content><p>This paragraph applies while any cryptoasset or other item of property is detained under this Part.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>A magistrates’ court or (in Scotland) the sheriff may, subject to sub-paragraph <ref href="#d28e51117">(9)</ref>, direct the release of the whole or any part of the property if the following condition is met.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>The condition is that the court or sheriff is satisfied, on an application by the person from whom the property was seized, that the conditions for the detention of the property in this Part are no longer met in relation to the property to be released.</p></content></subparagraph><subparagraph eId="d28e50980"><num>(4)</num><content><p>A person within sub-paragraph <ref href="#d28e50992">(5)</ref> may, subject to sub-paragraph <ref href="#d28e51117">(9)</ref> and after notifying the magistrates’ court, sheriff or justice under whose order property is being detained, release the whole or any part of the property if satisfied that the detention of the property to be released is no longer justified.</p></content></subparagraph><subparagraph eId="d28e50992"><num>(5)</num><intro><p>The following persons are within this sub-paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, a procurator fiscal.</p></content></level></subparagraph><subparagraph eId="d28e51010"><num>(6)</num><intro><p>If any cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, an authorised officer may—</p></intro><level class="para1"><num>(a)</num><content><p>retain the item and deal with it as they see fit,</p></content></level><level class="para1"><num>(b)</num><content><p>dispose of the item, or</p></content></level><level class="para1"><num>(c)</num><content><p>destroy the item.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>The powers in sub-paragraph <ref href="#d28e51010">(6)</ref> may be exercised only—</p></intro><level class="para1"><num>(a)</num><intro><p>where the authorised officer has taken reasonable steps to notify—</p></intro><level class="para2"><num>(i)</num><content><p>the person from whom the item was seized, and</p></content></level><level class="para2"><num>(ii)</num><content><p>any other persons who the authorised officer has reasonable grounds to believe have an interest in the item,</p></content></level><wrapUp><p>that the item has been released, and</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>with the approval of a senior officer.</p></content></level></subparagraph><subparagraph><num>(8)</num><intro><p>Any proceeds of a disposal of the item are to be paid—</p></intro><level class="para1"><num>(a)</num><intro><p>into the Consolidated Fund if—</p></intro><level class="para2"><num>(i)</num><content><p>the item was directed to be released by a magistrates’ court, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a magistrates’ court or justice was notified under sub-paragraph <ref href="#d28e50980">(4)</ref> of the release;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>into the Scottish Consolidated Fund if—</p></intro><level class="para2"><num>(i)</num><content><p>the item was directed to be released by the sheriff, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the sheriff was notified under sub-paragraph <ref href="#d28e50980">(4)</ref> of the release.</p></content></level></level></subparagraph><subparagraph eId="d28e51117"><num>(9)</num><content><p>If (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the property is connected, the property is not to be released under this paragraph (and so is to continue to be detained) until the proceedings are concluded.</p></content></subparagraph></paragraph></hcontainer></part><part eId="d28e51123"><num>PART 4BB</num><heading>Terrorist cryptoassets: crypto wallet freezing orders</heading><hcontainer name="crossheading" class="schGroup7"><heading>Interpretation</heading><paragraph eId="d28e51131" class="schProv1"><num>10Z7B</num><subparagraph eId="d28e51135"><num>(1)</num><intro><p>In this Part—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para2"><num>(i)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets,</p></content></level><level class="para2"><num>(ii)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another, or</p></content></level><level class="para2"><num>(iii)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>“<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para2"><num>(i)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para2"><num>(ii)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets;</p></content></level></level><level class="para1"><num>(c)</num><content><p>“<term refersTo="#term-cryptoasset-service-provider">cryptoasset service provider</term>” includes cryptoasset exchange provider and custodian wallet provider.</p></content></level></subparagraph><subparagraph eId="d28e51198"><num>(2)</num><intro><p>In the definition of “cryptoasset exchange provider” in sub-paragraph <ref href="#d28e51135">(1)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, a cryptoasset;</p></content></level><level class="para1"><num>(b)</num><intro><p>“<term refersTo="#term-money">money</term>” means—</p></intro><level class="para2"><num>(i)</num><content><p>money in sterling,</p></content></level><level class="para2"><num>(ii)</num><content><p>money in any other currency, or</p></content></level><level class="para2"><num>(iii)</num><content><p>money in any other medium of exchange,</p></content></level><wrapUp><p>but does not include a cryptoasset.</p></wrapUp></level></subparagraph><subparagraph eId="d28e51245"><num>(3)</num><content><p>The Secretary of State may by regulations made by statutory instrument amend the definitions in sub-paragraphs <ref href="#d28e51135">(1)</ref> and <ref href="#d28e51198">(2)</ref>.</p></content></subparagraph><subparagraph><num>(4)</num><intro><p>Regulations under sub-paragraph <ref href="#d28e51245">(3)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>may make different provision for different purposes;</p></content></level><level class="para1"><num>(b)</num><content><p>may make consequential, supplementary, incidental, transitional, transitory or saving provision.</p></content></level></subparagraph><subparagraph><num>(5)</num><content><p>A statutory instrument containing regulations under sub-paragraph <ref href="#d28e51245">(3)</ref> may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</p></content></subparagraph><subparagraph eId="d28e51287"><num>(6)</num><intro><p>For the purposes of this Part—</p></intro><level class="para1"><num>(a)</num><intro><p>a crypto wallet freezing order is an order that, subject to any exclusions (see paragraph <ref href="#d28e51624">10Z7BD</ref>), prohibits each person by or for whom the crypto wallet to which the order applies is administered from—</p></intro><level class="para2"><num>(i)</num><content><p>making withdrawals or payments from the crypto wallet, or</p></content></level><level class="para2"><num>(ii)</num><content><p>using the crypto wallet in any other way;</p></content></level></level><level class="para1" eId="d28e51314"><num>(b)</num><content><p>a crypto wallet is administered by or for a person if the person is the person to whom services are being provided by a cryptoasset service provider in relation to that crypto wallet.</p></content></level></subparagraph><subparagraph eId="d28e51320"><num>(7)</num><intro><p>In this Part—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-enforcement-officer">enforcement officer</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a constable, or</p></content></level><level class="para1"><num>(b)</num><content><p>a counter-terrorism financial investigator;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-relevant-court">relevant court</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, a magistrates’ court, and</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, the sheriff;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” means a police officer of at least the rank of superintendent;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-uk-connected-cryptoasset-service-provider">UK-connected cryptoasset service provider</term>” means a cryptoasset service provider which—</p></intro><level class="para1"><num>(a)</num><content><p>is acting in the course of business carried on by it in the United Kingdom,</p></content></level><level class="para1"><num>(b)</num><content><p>has terms and conditions with the persons to whom it provides services which provide for a legal dispute to be litigated in the courts of a part of the United Kingdom,</p></content></level><level class="para1"><num>(c)</num><content><p>holds, in the United Kingdom, any data relating to the persons to whom it provides services, or</p></content></level><level class="para1"><num>(d)</num><content><p>meets the condition in sub-paragraph <ref href="#d28e51393">(8)</ref>.</p></content></level></hcontainer></subparagraph><subparagraph eId="d28e51393"><num>(8)</num><intro><p>The condition in this sub-paragraph is that—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider has its registered office, or if it does not have one, its head office in the United Kingdom, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in the United Kingdom.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Application for crypto wallet freezing order</heading><paragraph eId="d28e51414" class="schProv1"><num>10Z7BA</num><subparagraph><num>(1)</num><content><p>This paragraph applies if an enforcement officer has reasonable grounds for suspecting that cryptoassets held in a crypto wallet administered by a UK-connected cryptoasset service provider are terrorist cryptoassets.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Where this paragraph applies the enforcement officer may apply to the relevant court for a crypto wallet freezing order in relation to the crypto wallet in which the cryptoassets are held.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>an enforcement officer may not apply for a crypto wallet freezing order unless the officer is a senior officer or is authorised to do so by a senior officer, and</p></content></level><level class="para1"><num>(b)</num><content><p>the senior officer must consult the Treasury before making the application for the order or (as the case may be) authorising the application to be made, unless in the circumstances it is not reasonably practicable to do so.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>An application for a crypto wallet freezing order may be made without notice if the circumstances of the case are such that notice of the application would prejudice the taking of any steps under this Schedule to forfeit cryptoassets that are terrorist cryptoassets.</p></content></subparagraph><subparagraph><num>(5)</num><intro><p>An application for a crypto wallet freezing order under this paragraph may be combined with an application for an account freezing order under paragraph 10Q where a single entity—</p></intro><level class="para1"><num>(a)</num><content><p>is both a relevant financial institution for the purposes of paragraph 10Q and a cryptoasset service provider for the purposes of this Part, and</p></content></level><level class="para1"><num>(b)</num><content><p>operates or administers, for the same person, both an account holding money and a crypto wallet.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Making of crypto wallet freezing order</heading><paragraph eId="d28e51475" class="schProv1"><num>10Z7BB</num><subparagraph><num>(1)</num><content><p>This paragraph applies where an application for a crypto wallet freezing order is made under paragraph <ref href="#d28e51414">10Z7BA</ref> in relation to a crypto wallet.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>The relevant court may make the order if satisfied that there are reasonable grounds for suspecting that some or all of the cryptoassets held in the crypto wallet are terrorist cryptoassets.</p></content></subparagraph><subparagraph eId="d28e51494"><num>(3)</num><content><p>A crypto wallet freezing order ceases to have effect at the end of the period specified in the order (which may be varied under paragraph <ref href="#d28e51578">10Z7BC</ref>) unless it ceases to have effect at an earlier or later time in accordance with this Part or Part 4BC or 4BD.</p></content></subparagraph><subparagraph eId="d28e51503"><num>(4)</num><content><p>The period specified by the relevant court for the purposes of sub-paragraph <ref href="#d28e51494">(3)</ref> (whether when the order is first made or on a variation under paragraph <ref href="#d28e51578">10Z7BC</ref>) may not exceed the period of 2 years, beginning with the day on which the crypto wallet freezing order is (or was) made; but this is subject to sub-paragraph <ref href="#d28e51518">(5)</ref>.</p></content></subparagraph><subparagraph eId="d28e51518"><num>(5)</num><content><p>The relevant court may make an order for the period of 2 years in sub-paragraph <ref href="#d28e51503">(4)</ref> to be extended to a period of up to 3 years beginning with the day on which the crypto wallet freezing order is (or was) made.</p></content></subparagraph><subparagraph eId="d28e51527"><num>(6)</num><content><p>The relevant court may make an order under sub-paragraph <ref href="#d28e51518">(5)</ref> if satisfied that a request for assistance is outstanding in relation to some or all of the cryptoassets held in the crypto wallet.</p></content></subparagraph><subparagraph><num>(7)</num><intro><p>A “request for assistance” in sub-paragraph <ref href="#d28e51527">(6)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with some or all of the cryptoassets held in the crypto wallet, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an enforcement officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Schedule, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A of the Proceeds of Crime Act 2002 (evidence overseas).</p></content></level></subparagraph><subparagraph><num>(8)</num><content><p>A crypto wallet freezing order must provide for notice to be given to persons affected by the order.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Variation and setting aside of crypto wallet freezing order</heading><paragraph eId="d28e51578" class="schProv1"><num>10Z7BC</num><subparagraph eId="d28e51582"><num>(1)</num><intro><p>The relevant court may at any time vary or set aside a crypto wallet freezing order on an application made by—</p></intro><level class="para1"><num>(a)</num><content><p>an enforcement officer, or</p></content></level><level class="para1"><num>(b)</num><content><p>any person affected by the order.</p></content></level></subparagraph><subparagraph><num>(2)</num><content><p>But an enforcement officer may not make an application under sub-paragraph <ref href="#d28e51582">(1)</ref> unless the officer is a senior officer or is authorised to do so by a senior officer.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>Before varying or setting aside a crypto wallet freezing order the court must (as well as giving the parties to the proceedings an opportunity to be heard) give such an opportunity to any person who may be affected by its decision.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>In relation to Scotland, the references in this paragraph to setting aside an order are to be read as references to recalling it.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Exclusions</heading><paragraph eId="d28e51624" class="schProv1"><num>10Z7BD</num><subparagraph><num>(1)</num><content><p>The power to vary a crypto wallet freezing order includes (amongst other things) power to make exclusions from the prohibition on making withdrawals or payments from the crypto wallet to which the order applies.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Exclusions from the prohibition may also be made when the order is made.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>An exclusion may (amongst other things) make provision for the purpose of enabling a person by or for whom the crypto wallet is administered—</p></intro><level class="para1"><num>(a)</num><content><p>to meet the person’s reasonable living expenses, or</p></content></level><level class="para1"><num>(b)</num><content><p>to carry on any trade, business, profession or occupation.</p></content></level></subparagraph><subparagraph eId="d28e51658"><num>(4)</num><content><p>An exclusion may be made subject to conditions.</p></content></subparagraph><subparagraph><num>(5)</num><intro><p>Where a magistrates’ court exercises the power to make an exclusion for the purpose of enabling a person to meet legal expenses that the person has incurred, or may incur, in respect of proceedings under this Schedule, it must ensure that the exclusion—</p></intro><level class="para1"><num>(a)</num><content><p>is limited to reasonable legal expenses that the person has reasonably incurred or that the person reasonably incurs,</p></content></level><level class="para1"><num>(b)</num><content><p>specifies the total amount that may be released for legal expenses in pursuance of the exclusion, and</p></content></level><level class="para1"><num>(c)</num><content><p>is made subject to the same conditions as would be the required conditions (see section 286A of the Proceeds of Crime Act 2002) if the order had been made under section 245A of that Act (in addition to any conditions imposed under sub-paragraph <ref href="#d28e51658">(4)</ref>).</p></content></level></subparagraph><subparagraph eId="d28e51691"><num>(6)</num><intro><p>A magistrates’ court, in deciding whether to make an exclusion for the purpose of enabling a person to meet legal expenses in respect of proceedings under this Schedule—</p></intro><level class="para1"><num>(a)</num><content><p>must have regard to the desirability of the person being represented in any proceedings under this Schedule in which the person is a participant, and</p></content></level><level class="para1"><num>(b)</num><intro><p>must disregard the possibility that legal representation of the person in any such proceedings might, were an exclusion not made—</p></intro><level class="para2"><num>(i)</num><content><p>be made available under arrangements made for the purposes of Part 1 of the Legal Aid, Sentencing and Punishment of Offenders Act 2012, or</p></content></level><level class="para2"><num>(ii)</num><content><p>be funded by the Department of Justice in Northern Ireland.</p></content></level></level></subparagraph><subparagraph><num>(7)</num><content><p>The sheriff’s power to make exclusions may not be exercised for the purpose of enabling any person to meet any legal expenses in respect of proceedings under this Schedule.</p></content></subparagraph><subparagraph><num>(8)</num><content><p>The power to make exclusions must, subject to sub-paragraph <ref href="#d28e51691">(6)</ref>, be exercised with a view to ensuring, so far as practicable, that there is not undue prejudice to the taking of any steps under this Schedule to forfeit cryptoassets that are terrorist cryptoassets.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Restriction on proceedings and remedies</heading><paragraph class="schProv1"><num>10Z7BE</num><subparagraph eId="d28e51743"><num>(1)</num><content><p>If a court in which proceedings are pending in respect of a crypto wallet administered by a UK-connected cryptoasset service provider is satisfied that a crypto wallet freezing order has been applied for or made in respect of the crypto wallet, it may either stay the proceedings or allow them to continue on any terms it thinks fit.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Before exercising the power conferred by sub-paragraph <ref href="#d28e51743">(1)</ref>, the court must (as well as giving the parties to any of the proceedings concerned an opportunity to be heard) give such an opportunity to any person who may be affected by the court’s decision.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>In relation to Scotland, the reference in sub-paragraph <ref href="#d28e51743">(1)</ref> to staying the proceedings is to be read as a reference to sisting the proceedings.</p></content></subparagraph></paragraph></hcontainer></part><part><num>PART 4BC</num><heading>Forfeiture of terrorist cryptoassets</heading><hcontainer name="crossheading" class="schGroup7"><heading>Interpretation</heading><paragraph class="schProv1"><num>10Z7C</num><subparagraph><num>(1)</num><intro><p>In this Part—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset-service-provider">cryptoasset service provider</term>” has the same meaning as in Part 4BB (see paragraph <ref href="#d28e51131">10Z7B</ref><ref href="#d28e51135">(1)</ref>);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet-freezing-order">crypto wallet freezing order</term>” has the same meaning as in Part 4BB (see paragraph <ref href="#d28e51131">10Z7B</ref><ref href="#d28e51287">(6)</ref>);</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-senior-officer">senior officer</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a senior police officer;</p></content></level><level class="para1"><num>(b)</num><content><p>an officer of Revenue and Customs of a rank designated by the Commissioners for His Majesty’s Revenue and Customs as equivalent to that of a senior police officer;</p></content></level><level class="para1"><num>(c)</num><content><p>an immigration officer of a rank designated by the Secretary of State as equivalent to that of a senior police officer;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-police-officer">senior police officer</term>” means a police officer of at least the rank of superintendent.</p></content></hcontainer></subparagraph><subparagraph><num>(2)</num><content><p>Paragraph <ref href="#d28e51131">10Z7B</ref><ref href="#d28e51314">(6)(b)</ref> (administration of crypto wallets) applies in relation to this Part as it applies in relation to Part <ref href="#d28e51123">4BB</ref>.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Forfeiture</heading><paragraph eId="d28e51854" class="schProv1"><num>10Z7CA</num><subparagraph eId="d28e51858"><num>(1)</num><intro><p>This paragraph applies—</p></intro><level class="para1"><num>(a)</num><content><p>while any cryptoassets are detained under Part 4BA, or</p></content></level><level class="para1"><num>(b)</num><content><p>while a crypto wallet freezing order made under paragraph <ref href="#d28e51475">10Z7BB</ref> has effect.</p></content></level></subparagraph><subparagraph eId="d28e51879"><num>(2)</num><intro><p>An application for the forfeiture of some or all of the cryptoassets that are detained or held in the crypto wallet that is subject to the crypto wallet freezing order may be made—</p></intro><level class="para1"><num>(a)</num><content><p>to a magistrates’ court by the Commissioners for His Majesty’s Revenue and Customs or an authorised officer, or</p></content></level><level class="para1"><num>(b)</num><content><p>to the sheriff by the Scottish Ministers.</p></content></level></subparagraph><subparagraph eId="d28e51897"><num>(3)</num><content><p>The court or sheriff may order the forfeiture of some or all of the cryptoassets if satisfied that the cryptoassets are terrorist cryptoassets.</p></content></subparagraph><subparagraph eId="d28e51903"><num>(4)</num><intro><p>An order under sub-paragraph <ref href="#d28e51897">(3)</ref> made by a magistrates’ court may provide for payment under paragraph <ref href="#d28e53390">10Z7CJ</ref> of reasonable legal expenses that a person has reasonably incurred, or may reasonably incur, in respect of—</p></intro><level class="para1"><num>(a)</num><content><p>the proceedings in which the order is made, or</p></content></level><level class="para1"><num>(b)</num><content><p>any related proceedings under this Part.</p></content></level></subparagraph><subparagraph eId="d28e51927"><num>(5)</num><intro><p>A sum in respect of a relevant item of expenditure is not payable under paragraph <ref href="#d28e53390">10Z7CJ</ref> in pursuance of provision under sub-paragraph <ref href="#d28e51903">(4)</ref> unless—</p></intro><level class="para1"><num>(a)</num><content><p>the person who applied for the order under sub-paragraph <ref href="#d28e51897">(3)</ref> agrees to its payment, or</p></content></level><level class="para1"><num>(b)</num><content><p>the court has assessed the amount allowed in respect of that item and the sum is paid in respect of the assessed amount.</p></content></level></subparagraph><subparagraph eId="d28e51954"><num>(6)</num><intro><p>For the purposes of sub-paragraph <ref href="#d28e51927">(5)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>a “relevant item of expenditure” is an item of expenditure to which regulations under section 286B of the Proceeds of Crime Act 2002 would apply if the order under sub-paragraph <ref href="#d28e51897">(3)</ref> had instead been a recovery order made under section 266 of that Act;</p></content></level><level class="para1"><num>(b)</num><content><p>an amount is “allowed” in respect of a relevant item of expenditure if it would have been allowed by those regulations;</p></content></level><level class="para1"><num>(c)</num><content><p>if the person who applied for the order under sub-paragraph <ref href="#d28e51897">(3)</ref> was an authorised officer, that person may not agree to the payment of a sum unless the person is a senior officer or is authorised to do so by a senior officer.</p></content></level></subparagraph><subparagraph><num>(7)</num><content><p>Sub-paragraph <ref href="#d28e51897">(3)</ref> ceases to apply on the transfer of an application made under this paragraph in accordance with paragraph <ref href="#d28e52610">10Z7CE</ref>.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Forfeiture: supplementary</heading><paragraph class="schProv1"><num>10Z7CB</num><subparagraph><num>(1)</num><content><p>Sub-paragraph <ref href="#d28e52018">(2)</ref> applies where an application is made under paragraph <ref href="#d28e51854">10Z7CA</ref> for the forfeiture of any cryptoassets detained under Part 4BA.</p></content></subparagraph><subparagraph eId="d28e52018"><num>(2)</num><content><p>The cryptoassets are to continue to be detained under Part 4BA (and may not be released under any power conferred by this Schedule) until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.</p><p>This is subject to Part <ref href="#d28e53971">4BD</ref> (conversion to money).</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>Where an application is made under paragraph <ref href="#d28e51854">10Z7CA</ref> in relation to cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order—</p></intro><level class="para1"><num>(a)</num><content><p>sub-paragraphs <ref href="#d28e52065">(4)</ref> and <ref href="#d28e52093">(5)</ref> apply, and</p></content></level><level class="para1"><num>(b)</num><content><p>the crypto wallet freezing order is to continue to have effect until the time referred to in sub-paragraph <ref href="#d28e52065">(4)</ref><ref href="#d28e52087">(b)</ref> or <ref href="#d28e52093">(5)</ref>.</p></content></level></subparagraph><subparagraph eId="d28e52065"><num>(4)</num><intro><p>Where the cryptoassets are ordered to be forfeited under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref> or <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52650">(3)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider that administers the crypto wallet must transfer the cryptoassets into a crypto wallet nominated by an authorised officer, and</p></content></level><level class="para1" eId="d28e52087"><num>(b)</num><content><p>immediately after the transfer has been made, the freezing order ceases to have effect.</p></content></level></subparagraph><subparagraph eId="d28e52093"><num>(5)</num><content><p>Where the application is determined or otherwise disposed of other than by the making of an order under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref> or <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52650">(3)</ref>, the crypto wallet freezing order ceases to have effect immediately after that determination or other disposal.</p></content></subparagraph><subparagraph><num>(6)</num><content><p>Sub-paragraphs <ref href="#d28e52065">(4)</ref><ref href="#d28e52087">(b)</ref> and <ref href="#d28e52093">(5)</ref> are subject to paragraph <ref href="#d28e52883">10Z7CF</ref> and Part <ref href="#d28e53971">4BD</ref>.</p></content></subparagraph><subparagraph eId="d28e52129"><num>(7)</num><content><p>The Secretary of State may by regulations made by statutory instrument amend this paragraph to make provision about the forfeiture of cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order.</p></content></subparagraph><subparagraph><num>(8)</num><intro><p>Regulations under sub-paragraph <ref href="#d28e52129">(7)</ref> may in particular make provision about—</p></intro><level class="para1"><num>(a)</num><content><p>the process for the forfeiture of cryptoassets;</p></content></level><level class="para1"><num>(b)</num><content><p>the realisation of forfeited cryptoassets;</p></content></level><level class="para1"><num>(c)</num><content><p>the application of the proceeds of such realisation.</p></content></level></subparagraph><subparagraph><num>(9)</num><intro><p>Regulations under sub-paragraph <ref href="#d28e52129">(7)</ref> may—</p></intro><level class="para1"><num>(a)</num><content><p>make different provision for different purposes;</p></content></level><level class="para1"><num>(b)</num><content><p>make consequential, supplementary, incidental, transitional, transitory or saving provision, including provision which makes consequential amendments to this Part.</p></content></level></subparagraph><subparagraph><num>(10)</num><content><p>A statutory instrument containing regulations under sub-paragraph <ref href="#d28e52129">(7)</ref> may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Associated and joint property</heading><paragraph eId="d28e52195" class="schProv1"><num>10Z7CC</num><subparagraph eId="d28e52199"><num>(1)</num><intro><p>Paragraphs <ref href="#d28e52355">10Z7CD</ref> and <ref href="#d28e52610">10Z7CE</ref> apply if—</p></intro><level class="para1"><num>(a)</num><content><p>an application is made under paragraph <ref href="#d28e51854">10Z7CA</ref> in respect of cryptoassets,</p></content></level><level class="para1" eId="d28e52220"><num>(b)</num><content><p>the court or sheriff is satisfied that some or all of the cryptoassets are terrorist cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><content><p>there exists property that is associated with the cryptoassets in relation to which the court or sheriff is satisfied as mentioned in paragraph <ref href="#d28e52220">(b)</ref>.</p></content></level></subparagraph><subparagraph eId="d28e52235"><num>(2)</num><intro><p>Paragraphs <ref href="#d28e52355">10Z7CD</ref> and <ref href="#d28e52610">10Z7CE</ref> also apply in England and Wales and Northern Ireland if—</p></intro><level class="para1"><num>(a)</num><content><p>an application is made under paragraph <ref href="#d28e51854">10Z7CA</ref> in respect of cryptoassets,</p></content></level><level class="para1" eId="d28e52256"><num>(b)</num><content><p>the court is satisfied that some or all of the cryptoassets are earmarked as terrorist property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the cryptoassets in relation to which the court is satisfied as mentioned in paragraph <ref href="#d28e52256">(b)</ref> belong to joint tenants and one of the tenants is an excepted joint owner.</p></content></level></subparagraph><subparagraph><num>(3)</num><intro><p>In this paragraph and paragraphs <ref href="#d28e52355">10Z7CD</ref> and <ref href="#d28e52610">10Z7CE</ref>, “<term refersTo="#term-associated-property">associated property</term>” means property of any of the following descriptions that is not itself the forfeitable property—</p></intro><level class="para1"><num>(a)</num><content><p>any interest in the forfeitable property;</p></content></level><level class="para1"><num>(b)</num><content><p>any other interest in the property in which the forfeitable property subsists;</p></content></level><level class="para1"><num>(c)</num><content><p>if the forfeitable property is part of a larger property, but not a separate part, the remainder of that property.</p></content></level><wrapUp><p>References to property being associated with forfeitable property are to be read accordingly.</p></wrapUp></subparagraph><subparagraph><num>(4)</num><content><p>In this paragraph and paragraphs <ref href="#d28e52355">10Z7CD</ref> and <ref href="#d28e52610">10Z7CE</ref>, the “<term refersTo="#term-forfeitable-property">forfeitable property</term>” means the cryptoassets in relation to which the court or sheriff is satisfied as mentioned in sub-paragraph <ref href="#d28e52220">(1)(b)</ref> or <ref href="#d28e52256">(2)(b)</ref> (as the case may be).</p></content></subparagraph><subparagraph><num>(5)</num><intro><p>For the purposes of this paragraph and paragraphs <ref href="#d28e52355">10Z7CD</ref> and <ref href="#d28e52610">10Z7CE</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>an excepted joint owner is a joint tenant who obtained the property in circumstances in which it would not (as against them) be earmarked, and</p></content></level><level class="para1"><num>(b)</num><content><p>references to the excepted joint owner’s share of property are to so much of the property as would have been theirs if the joint tenancy had been severed.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Agreements about associated and joint property</heading><paragraph eId="d28e52355" class="schProv1"><num>10Z7CD</num><subparagraph eId="d28e52359"><num>(1)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>this paragraph applies, and</p></content></level><level class="para1" eId="d28e52371"><num>(b)</num><content><p>the person who applied for the order under paragraph <ref href="#d28e51854">10Z7CA</ref> (on the one hand) and the person who holds the associated property or who is the excepted joint owner (on the other hand) agree,</p></content></level><wrapUp><p>the magistrates’ court or sheriff may, instead of making an order under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref>, make an order requiring the person who holds the associated property or who is the excepted joint owner to make a payment to a person identified in the order.</p></wrapUp></subparagraph><subparagraph><num>(2)</num><intro><p>The amount of the payment is (subject to sub-paragraph <ref href="#d28e52421">(3)</ref>) to be the amount which the persons referred to in sub-paragraph <ref href="#d28e52371">(1)(b)</ref> agree represents—</p></intro><level class="para1"><num>(a)</num><content><p>in a case where this paragraph applies by virtue of paragraph <ref href="#d28e52195">10Z7CC</ref><ref href="#d28e52199">(1)</ref>, the value of the forfeitable property;</p></content></level><level class="para1"><num>(b)</num><content><p>in a case where this paragraph applies by virtue of paragraph <ref href="#d28e52195">10Z7CC</ref><ref href="#d28e52235">(2)</ref>, the value of the forfeitable property less the value of the excepted joint owner’s share.</p></content></level></subparagraph><subparagraph eId="d28e52421"><num>(3)</num><intro><p>The amount of the payment may be reduced if the person who applied for the order under paragraph <ref href="#d28e51854">10Z7CA</ref> agrees that the other party to the agreement has suffered loss as a result of—</p></intro><level class="para1"><num>(a)</num><content><p>the seizure of the forfeitable property under paragraph <ref href="#d28e50554">10Z7AD</ref> and its subsequent detention, or</p></content></level><level class="para1"><num>(b)</num><content><p>the making of a crypto wallet freezing order under paragraph <ref href="#d28e51475">10Z7BB</ref>.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>The reduction that is permissible by virtue of sub-paragraph <ref href="#d28e52421">(3)</ref> is such amount as the parties to the agreement agree is reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>An order under sub-paragraph <ref href="#d28e52359">(1)</ref> may, so far as required for giving effect to the agreement, include provision for vesting, creating or extinguishing any interest in property.</p></content></subparagraph><subparagraph eId="d28e52466"><num>(6)</num><intro><p>An order under sub-paragraph <ref href="#d28e52359">(1)</ref> made by a magistrates’ court may provide for payment under sub-paragraph <ref href="#d28e52562">(11)</ref> of reasonable legal expenses that a person has reasonably incurred, or may reasonably incur, in respect of—</p></intro><level class="para1"><num>(a)</num><content><p>the proceedings in which the order is made, or</p></content></level><level class="para1"><num>(b)</num><content><p>any related proceedings under this Part.</p></content></level></subparagraph><subparagraph eId="d28e52490"><num>(7)</num><intro><p>A sum in respect of a relevant item of expenditure is not payable under sub-paragraph <ref href="#d28e52562">(11)</ref> in pursuance of provision under sub-paragraph <ref href="#d28e52466">(6)</ref> unless—</p></intro><level class="para1"><num>(a)</num><content><p>the person who applied for the order under paragraph <ref href="#d28e51854">10Z7CA</ref> agrees to its payment, or</p></content></level><level class="para1"><num>(b)</num><content><p>the court has assessed the amount allowed in respect of that item and the sum is paid in respect of the assessed amount.</p></content></level></subparagraph><subparagraph><num>(8)</num><intro><p>For the purposes of sub-paragraph <ref href="#d28e52490">(7)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>a “relevant item of expenditure” is an item of expenditure to which regulations under section 286B of the Proceeds of Crime Act 2002 would apply if the order under sub-paragraph <ref href="#d28e52359">(1)</ref> had instead been a recovery order made under section 266 of that Act;</p></content></level><level class="para1"><num>(b)</num><content><p>an amount is “allowed” in respect of a relevant item of expenditure if it would have been allowed by those regulations.</p></content></level></subparagraph><subparagraph><num>(9)</num><content><p>If there is more than one item of associated property or more than one excepted joint owner, the total amount to be paid under sub-paragraph <ref href="#d28e52359">(1)</ref>, and the part of that amount which is to be provided by each person who holds any such associated property or who is an excepted joint owner, is to be agreed between both (or all) of them and the person who applied for the order under paragraph <ref href="#d28e51854">10Z7CA</ref>.</p></content></subparagraph><subparagraph><num>(10)</num><content><p>If the person who applied for the order under paragraph <ref href="#d28e51854">10Z7CA</ref> was an authorised officer, that person may enter into an agreement for the purposes of any provision of this paragraph only if the person is a senior officer or is authorised to do so by a senior officer.</p></content></subparagraph><subparagraph eId="d28e52562"><num>(11)</num><intro><p>An amount received under an order under sub-paragraph <ref href="#d28e52359">(1)</ref> must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, it must be applied in making any payment of legal expenses which, after giving effect to sub-paragraph <ref href="#d28e52490">(7)</ref>, are payable under this sub-paragraph in pursuance of provision under sub-paragraph <ref href="#d28e52466">(6)</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>second, it must be applied in payment or reimbursement of any reasonable costs incurred in storing or insuring the forfeitable property and any associated property whilst detained under this Schedule;</p></content></level><level class="para1"><num>(c)</num><intro><p>third, it must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if the order was made by a magistrates’ court, into the Consolidated Fund;</p></content></level><level class="para2"><num>(ii)</num><content><p>if the order was made by the sheriff, into the Scottish Consolidated Fund.</p></content></level></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Associated and joint property: default of agreement</heading><paragraph eId="d28e52610" class="schProv1"><num>10Z7CE</num><subparagraph eId="d28e52614"><num>(1)</num><content><p>Where this paragraph applies and there is no agreement under paragraph <ref href="#d28e52355">10Z7CD</ref>, the magistrates’ court or sheriff may transfer the application made under paragraph <ref href="#d28e51854">10Z7CA</ref> to the appropriate court.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>The “appropriate court” is—</p></intro><level class="para1"><num>(a)</num><content><p>the High Court, where the application under paragraph <ref href="#d28e51854">10Z7CA</ref> was made to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>the Court of Session, where the application under paragraph <ref href="#d28e51854">10Z7CA</ref> was made to the sheriff.</p></content></level></subparagraph><subparagraph eId="d28e52650"><num>(3)</num><intro><p>Where (under sub-paragraph <ref href="#d28e52614">(1)</ref>) an application made under paragraph <ref href="#d28e51854">10Z7CA</ref> is transferred to the appropriate court, the appropriate court may order the forfeiture of the property to which the application relates, or any part of that property, if satisfied that what is to be forfeited—</p></intro><level class="para1"><num>(a)</num><content><p>is within subsection (1)(a) or (b) of section 1, or</p></content></level><level class="para1"><num>(b)</num><content><p>is property earmarked as terrorist property.</p></content></level></subparagraph><subparagraph eId="d28e52674"><num>(4)</num><content><p>An order under sub-paragraph <ref href="#d28e52650">(3)</ref> made by the High Court may include provision of the type that may be included in an order under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref> made by a magistrates’ court by virtue of paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51903">(4)</ref>.</p></content></subparagraph><subparagraph eId="d28e52693"><num>(5)</num><content><p>If provision is included in an order of the High Court by virtue of sub-paragraph <ref href="#d28e52674">(4)</ref> of this paragraph, paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51927">(5)</ref> and <ref href="#d28e51954">(6)</ref> apply with the necessary modifications.</p></content></subparagraph><subparagraph eId="d28e52710"><num>(6)</num><intro><p>The appropriate court may, as well as making an order under sub-paragraph <ref href="#d28e52650">(3)</ref>, make an order—</p></intro><level class="para1"><num>(a)</num><content><p>providing for the forfeiture of the associated property or (as the case may be) for the excepted joint owner‘s interest to be extinguished, or</p></content></level><level class="para1"><num>(b)</num><content><p>providing for the excepted joint owner‘s interest to be severed.</p></content></level></subparagraph><subparagraph eId="d28e52731"><num>(7)</num><intro><p>Where (under sub-paragraph <ref href="#d28e52614">(1)</ref>) the magistrates’ court or sheriff decides not to transfer an application made under paragraph <ref href="#d28e51854">10Z7CA</ref> to the appropriate court, the magistrates’ court or sheriff may, as well as making an order under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref>, make an order—</p></intro><level class="para1"><num>(a)</num><content><p>providing for the forfeiture of the associated property or (as the case may be) for the excepted joint owner‘s interest to be extinguished, or</p></content></level><level class="para1"><num>(b)</num><content><p>providing for the excepted joint owner‘s interest to be severed.</p></content></level></subparagraph><subparagraph><num>(8)</num><content><p>An order under sub-paragraph <ref href="#d28e52710">(6)</ref> or <ref href="#d28e52731">(7)</ref> may be made only if the appropriate court, the magistrates’ court or the sheriff (as the case may be) thinks it just and equitable to do so.</p></content></subparagraph><subparagraph eId="d28e52772"><num>(9)</num><content><p>An order under sub-paragraph <ref href="#d28e52710">(6)</ref> or <ref href="#d28e52731">(7)</ref> must provide for the payment of an amount to the person who holds the associated property or who is an excepted joint owner.</p></content></subparagraph><subparagraph><num>(10)</num><intro><p>In making an order under sub-paragraph <ref href="#d28e52710">(6)</ref> or <ref href="#d28e52731">(7)</ref>, and including provision in it by virtue of sub-paragraph <ref href="#d28e52772">(9)</ref>, the appropriate court, the magistrates’ court or the sheriff (as the case may be) must have regard to—</p></intro><level class="para1"><num>(a)</num><content><p>the rights of any person who holds the associated property or who is an excepted joint owner and the value to that person of that property or (as the case may be) of that person’s share (including any value that cannot be assessed in terms of money), and</p></content></level><level class="para1"><num>(b)</num><content><p>the interest of the person who applied for the order under paragraph <ref href="#d28e51854">10Z7CA</ref> in realising the value of the forfeitable property.</p></content></level></subparagraph><subparagraph eId="d28e52814"><num>(11)</num><intro><p>If the appropriate court, the magistrates’ court or the sheriff (as the case may be) is satisfied that—</p></intro><level class="para1"><num>(a)</num><intro><p>the person who holds the associated property or who is an excepted joint owner has suffered loss as a result of—</p></intro><level class="para2"><num>(i)</num><content><p>the seizure of the forfeitable property under paragraph <ref href="#d28e50554">10Z7AD</ref> and its subsequent detention, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the making of the crypto wallet freezing order under paragraph <ref href="#d28e51475">10Z7BB</ref>, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>the circumstances are exceptional,</p></content></level><wrapUp><p>an order under sub-paragraph <ref href="#d28e52710">(6)</ref> or <ref href="#d28e52731">(7)</ref> may require the payment of compensation to that person.</p></wrapUp></subparagraph><subparagraph><num>(12)</num><content><p>The amount of compensation to be paid by virtue of sub-paragraph <ref href="#d28e52814">(11)</ref> is the amount the appropriate court, the magistrates’ court or the sheriff (as the case may be) thinks reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subparagraph><subparagraph><num>(13)</num><content><p>Compensation to be paid by virtue of sub-paragraph <ref href="#d28e52814">(11)</ref> is to be paid in the same way that compensation is to be paid under paragraph <ref href="#d28e53800">10Z7CM</ref>.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Continuation of crypto wallet freezing order pending appeal</heading><paragraph eId="d28e52883" class="schProv1"><num>10Z7CF</num><subparagraph eId="d28e52887"><num>(1)</num><intro><p>This paragraph applies where, on an application under paragraph <ref href="#d28e51854">10Z7CA</ref> in relation to a crypto wallet to which a crypto wallet freezing order applies—</p></intro><level class="para1" eId="d28e52896"><num>(a)</num><intro><p>the magistrates’ court or sheriff decides—</p></intro><level class="para2"><num>(i)</num><content><p>to make an order under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref> in relation to some but not all of the cryptoassets to which the application related, or</p></content></level><level class="para2"><num>(ii)</num><content><p>not to make an order under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref>, or</p></content></level></level><level class="para1" eId="d28e52924"><num>(b)</num><intro><p>if the application is transferred in accordance with paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52614">(1)</ref>, the High Court or Court of Session decides—</p></intro><level class="para2"><num>(i)</num><content><p>to make an order under paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52650">(3)</ref> in relation to some but not all of the cryptoassets to which the application related, or</p></content></level><level class="para2"><num>(ii)</num><content><p>not to make an order under paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52650">(3)</ref>.</p></content></level></level></subparagraph><subparagraph eId="d28e52957"><num>(2)</num><content><p>The person who made the application under paragraph <ref href="#d28e51854">10Z7CA</ref> may apply without notice to the court or sheriff that made the decision referred to in sub-paragraph <ref href="#d28e52887">(1)</ref> for an order that the crypto wallet freezing order is to continue to have effect.</p></content></subparagraph><subparagraph eId="d28e52969"><num>(3)</num><intro><p>Where the court or sheriff makes an order under sub-paragraph <ref href="#d28e52957">(2)</ref> the crypto wallet freezing order is to continue to have effect until—</p></intro><level class="para1"><num>(a)</num><content><p>the end of the period of 48 hours starting with the making of the order under sub-paragraph <ref href="#d28e52957">(2)</ref>, or</p></content></level><level class="para1"><num>(b)</num><content><p>if within that period of 48 hours an appeal is brought (whether under paragraph <ref href="#d28e53023">10Z7CG</ref> or otherwise) against the decision referred to in sub-paragraph <ref href="#d28e52887">(1)</ref>, the time when the appeal is determined or otherwise disposed of.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>Sub-paragraph <ref href="#d28e50651">(3)</ref> of paragraph <ref href="#d28e50624">10Z7AF</ref> applies for the purposes of sub-paragraph <ref href="#d28e52969">(3)</ref> as it applies for the purposes of that paragraph.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Paragraphs <ref href="#d28e51854">10Z7CA</ref> to <ref href="#d28e52610">10Z7CE</ref>: appeals</heading><paragraph eId="d28e53023" class="schProv1"><num>10Z7CG</num><subparagraph eId="d28e53027"><num>(1)</num><intro><p>Any party to proceedings for an order for the forfeiture of cryptoassets under paragraph <ref href="#d28e51854">10Z7CA</ref> may appeal against—</p></intro><level class="para1"><num>(a)</num><content><p>the making of an order under paragraph <ref href="#d28e51854">10Z7CA</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>the making of an order under paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52731">(7)</ref>;</p></content></level><level class="para1" eId="d28e53056"><num>(c)</num><content><p>a decision not to make an order under paragraph <ref href="#d28e51854">10Z7CA</ref> unless the reason that no order was made is that an order was instead made under paragraph <ref href="#d28e52355">10Z7CD</ref>;</p></content></level><level class="para1" eId="d28e53068"><num>(d)</num><content><p>a decision not to make an order under paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52731">(7)</ref>.</p></content></level><wrapUp><p>Paragraphs <ref href="#d28e53056">(c)</ref> and <ref href="#d28e53068">(d)</ref> do not apply if the application for the order under paragraph <ref href="#d28e51854">10Z7CA</ref> was transferred in accordance with paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52614">(1)</ref>.</p></wrapUp></subparagraph><subparagraph eId="d28e53096"><num>(2)</num><content><p>Where an order under paragraph <ref href="#d28e52355">10Z7CD</ref> is made by a magistrates’ court, any party to the proceedings for the order (including any party to the proceedings under paragraph <ref href="#d28e51854">10Z7CA</ref> that preceded the making of the order) may appeal against a decision to include, or not to include, provision in the order under paragraph <ref href="#d28e52355">10Z7CD</ref><ref href="#d28e52466">(6)</ref>.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>An appeal under this paragraph lies—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales, to the Crown Court;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, to the Sheriff Appeal Court;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to Northern Ireland, to a county court.</p></content></level></subparagraph><subparagraph eId="d28e53137"><num>(4)</num><content><p>An appeal under this paragraph must be made before the end of the period of 30 days starting with the day on which the court or sheriff makes the order or decision.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>Sub-paragraph <ref href="#d28e53137">(4)</ref> is subject to paragraph <ref href="#d28e53179">10Z7CH</ref>.</p></content></subparagraph><subparagraph><num>(6)</num><content><p>The court hearing the appeal may make any order it thinks appropriate.</p></content></subparagraph><subparagraph><num>(7)</num><content><p>If the court upholds an appeal against an order forfeiting any cryptoasset or other item of property, it may, subject to sub-paragraph <ref href="#d28e53170">(8)</ref>, order the release of the whole or any part of the property.</p></content></subparagraph><subparagraph eId="d28e53170"><num>(8)</num><content><p>If (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the property is connected, the property is not to be released under this paragraph (and so is to continue to be detained) until the proceedings are concluded.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Extended time for appealing in certain cases where deproscription order made</heading><paragraph eId="d28e53179" class="schProv1"><num>10Z7CH</num><subparagraph><num>(1)</num><intro><p>This paragraph applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a successful application for an order under paragraph <ref href="#d28e51854">10Z7CA</ref> relies (wholly or partly) on the fact that an organisation is proscribed,</p></content></level><level class="para1"><num>(b)</num><content><p>an application under section 4 of the Terrorism Act 2000 for a deproscription order in respect of the organisation is refused by the Secretary of State,</p></content></level><level class="para1"><num>(c)</num><content><p>the property forfeited by the order under paragraph <ref href="#d28e51854">10Z7CA</ref> was seized under this Schedule on or after the date of the refusal of that application,</p></content></level><level class="para1"><num>(d)</num><content><p>an appeal against that refusal is allowed under section 5 of the Terrorism Act 2000,</p></content></level><level class="para1"><num>(e)</num><content><p>a deproscription order is made accordingly, and</p></content></level><level class="para1"><num>(f)</num><content><p>if the order is made in reliance on section 123(5) of the Terrorism Act 2000, a resolution is passed by each House of Parliament under section 123(5)(b) of that Act.</p></content></level></subparagraph><subparagraph><num>(2)</num><content><p>Where this paragraph applies, an appeal under paragraph <ref href="#d28e53023">10Z7CG</ref> against the making of an order under paragraph <ref href="#d28e51854">10Z7CA</ref>, and against the making (in addition) of any order under paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52731">(7)</ref>, may be brought at any time before the end of the period of 30 days beginning with the date on which the deproscription order comes into force.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>In this paragraph a “<term refersTo="#term-deproscription-order">deproscription order</term>” means an order under section 3(3)(b) or (8) of the Terrorism Act 2000.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Realisation or destruction of forfeited cryptoassets etc</heading><paragraph eId="d28e53261" class="schProv1"><num>10Z7CI</num><subparagraph><num>(1)</num><content><p>This paragraph applies where any cryptoasset or other item of property is forfeited under this Part.</p></content></subparagraph><subparagraph eId="d28e53271"><num>(2)</num><intro><p>An authorised officer must—</p></intro><level class="para1"><num>(a)</num><content><p>realise the property, or</p></content></level><level class="para1"><num>(b)</num><content><p>make arrangements for its realisation.</p></content></level><wrapUp><p>This is subject to sub-paragraphs <ref href="#d28e53298">(3)</ref> to <ref href="#d28e53328">(5)</ref>.</p></wrapUp></subparagraph><subparagraph eId="d28e53298"><num>(3)</num><intro><p>The property is not to be realised—</p></intro><level class="para1"><num>(a)</num><content><p>before the end of the period within which an appeal may be made (whether under paragraph <ref href="#d28e53023">10Z7CG</ref> or otherwise), or</p></content></level><level class="para1"><num>(b)</num><content><p>if an appeal is made within that period, before the appeal is determined or otherwise disposed of.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>The realisation of property under sub-paragraph <ref href="#d28e53271">(2)</ref> must be carried out, so far as practicable, in the manner best calculated to maximise the amount obtained for the property.</p></content></subparagraph><subparagraph eId="d28e53328"><num>(5)</num><intro><p>Where an authorised officer is satisfied that—</p></intro><level class="para1"><num>(a)</num><content><p>it is not reasonably practicable to realise any cryptoasset, or</p></content></level><level class="para1"><num>(b)</num><content><p>there are reasonable grounds to believe that the realisation of any cryptoasset would be contrary to the public interest,</p></content></level><wrapUp><p>the authorised officer may destroy the cryptoasset.</p></wrapUp></subparagraph><subparagraph><num>(6)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>the authorised officer may destroy the cryptoasset only if the officer is a senior officer or is authorised to do so by a senior officer, and</p></content></level><level class="para1"><num>(b)</num><intro><p>the cryptoasset is not to be destroyed—</p></intro><level class="para2"><num>(i)</num><content><p>before the end of the period within which an appeal may be made (whether under paragraph <ref href="#d28e53023">10Z7CG</ref> or otherwise), or</p></content></level><level class="para2"><num>(ii)</num><content><p>if an appeal is made within that period, before the appeal is determined or otherwise disposed of.</p></content></level></level></subparagraph><subparagraph><num>(7)</num><content><p>The question of whether the realisation of the cryptoasset would be contrary to the public interest is to be determined with particular reference to how likely it is that the entry of the cryptoasset into general circulation would facilitate criminal conduct by any person.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Proceeds of realisation</heading><paragraph eId="d28e53390" class="schProv1"><num>10Z7CJ</num><subparagraph><num>(1)</num><content><p>This paragraph applies where any cryptoasset or other item of property is realised under paragraph <ref href="#d28e53261">10Z7CI</ref>.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>The proceeds of the realisation must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, they must be applied in making any payment required to be made by virtue of paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52772">(9)</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>second, they must be applied in making any payment of legal expenses which, after giving effect to paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51927">(5)</ref> (including as applied by paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52693">(5)</ref>), are payable under this sub-paragraph in pursuance of provision under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51903">(4)</ref> or, as the case may be, <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52674">(4)</ref>;</p></content></level><level class="para1" eId="d28e53447"><num>(c)</num><content><p>third, they must be applied in payment or reimbursement of any reasonable costs incurred in storing or insuring the property whilst detained under this Schedule and in realising the property;</p></content></level><level class="para1"><num>(d)</num><intro><p>fourth, they must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if the property was forfeited by a magistrates’ court or the High Court, into the Consolidated Fund;</p></content></level><level class="para2"><num>(ii)</num><content><p>if the property was forfeited by the sheriff or the Court of Session, into the Scottish Consolidated Fund.</p></content></level></level></subparagraph><subparagraph><num>(3)</num><content><p>If what is realised under paragraph <ref href="#d28e53261">10Z7CI</ref> represents part only of an item of property, the reference in sub-paragraph <ref href="#d28e53447">(2)(c)</ref> to costs incurred in storing or insuring the property is to be read as a reference to costs incurred in storing or insuring the whole of the property.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Victims etc: detained cryptoassets</heading><paragraph eId="d28e53486" class="schProv1"><num>10Z7CK</num><subparagraph eId="d28e53490"><num>(1)</num><content><p>A person who claims that any cryptoassets detained under this Schedule belong to the person may apply for some or all of the cryptoassets to be released.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>An application under sub-paragraph <ref href="#d28e53490">(1)</ref> is to be made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, to the sheriff.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>The application may be made in the course of proceedings under paragraph <ref href="#d28e50699">10Z7AG</ref> or <ref href="#d28e51854">10Z7CA</ref> or at any other time.</p></content></subparagraph><subparagraph><num>(4)</num><intro><p>The court or sheriff may, subject to sub-paragraph <ref href="#d28e53625">(8)</ref>, order the cryptoassets to which the application relates to be released to the applicant if it appears to the court or sheriff that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the cryptoassets to which the application relates, or of property which they represent, by criminal conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, property obtained by or in return for criminal conduct and nor did they then represent such property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the cryptoassets belong to the applicant.</p></content></level></subparagraph><subparagraph eId="d28e53556"><num>(5)</num><content><p>If sub-paragraph <ref href="#d28e53568">(6)</ref> applies, the court or sheriff may, subject to sub-paragraph <ref href="#d28e53625">(8)</ref>, order the cryptoassets to which the application relates to be released to the applicant or to the person from whom they were seized.</p></content></subparagraph><subparagraph eId="d28e53568"><num>(6)</num><intro><p>This sub-paragraph applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the cryptoassets to which the application relates were seized,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the court or sheriff that those cryptoassets belong to the applicant,</p></content></level><level class="para1"><num>(c)</num><content><p>the court or sheriff is satisfied that the release condition is met in relation to those cryptoassets, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under sub-paragraph <ref href="#d28e53556">(5)</ref> has been made by the person from whom those cryptoassets were seized.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>if the conditions in Part <ref href="#d28e50060">4BA</ref> for the detention of the cryptoassets are no longer met, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to cryptoassets which are subject to an application for forfeiture under paragraph <ref href="#d28e51854">10Z7CA</ref>, if the court or sheriff decides not to make an order under that paragraph in relation to the cryptoassets.</p></content></level></subparagraph><subparagraph eId="d28e53625"><num>(8)</num><content><p>If (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the cryptoassets are connected, the cryptoassets are not to be released under this paragraph (and so are to continue to be detained) until the proceedings are concluded.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Victims etc: crypto wallet freezing orders</heading><paragraph eId="d28e53634" class="schProv1"><num>10Z7CL</num><subparagraph eId="d28e53638"><num>(1)</num><content><p>A person who claims that any cryptoassets held in a crypto wallet in respect of which a crypto wallet freezing order has effect belong to the person may apply for some or all of the cryptoassets to be released.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>An application under sub-paragraph <ref href="#d28e53638">(1)</ref> is to be made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, to the sheriff.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>The application may be made in the course of proceedings under paragraph <ref href="#d28e51475">10Z7BB</ref> or <ref href="#d28e51854">10Z7CA</ref> or at any other time.</p></content></subparagraph><subparagraph><num>(4)</num><intro><p>The court or sheriff may, subject to sub-paragraph <ref href="#d28e53770">(8)</ref>, order the cryptoassets to which the application relates to be released to the applicant if it appears to the court or sheriff that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the cryptoassets to which the application relates, or of property which they represent, by criminal conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, property obtained by or in return for criminal conduct and nor did they then represent such property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the cryptoassets belong to the applicant.</p></content></level></subparagraph><subparagraph eId="d28e53704"><num>(5)</num><content><p>If sub-paragraph <ref href="#d28e53716">(6)</ref> applies, the court or sheriff may, subject to sub-paragraph <ref href="#d28e53770">(8)</ref>, order the cryptoassets to which the application relates to be released to the applicant.</p></content></subparagraph><subparagraph eId="d28e53716"><num>(6)</num><intro><p>This sub-paragraph applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the cryptoassets to which the application relates were seized,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the court or sheriff that those cryptoassets belong to the applicant,</p></content></level><level class="para1"><num>(c)</num><content><p>the court or sheriff is satisfied that the release condition is met in relation to those cryptoassets, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under sub-paragraph <ref href="#d28e53704">(5)</ref> has been made by the person from whom those cryptoassets were seized.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>if the conditions for the making of the crypto wallet freezing order are no longer met in relation to the cryptoassets to which the application relates, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to cryptoassets held in a crypto wallet subject to a crypto wallet freezing order which are subject to an application for forfeiture under paragraph <ref href="#d28e51854">10Z7CA</ref>, if the court or sheriff decides not to make an order under that paragraph in relation to the cryptoassets.</p></content></level></subparagraph><subparagraph eId="d28e53770"><num>(8)</num><intro><p>Cryptoassets are not to be released under this paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>if an application for their forfeiture under paragraph <ref href="#d28e51854">10Z7CA</ref> is made, until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded;</p></content></level><level class="para1"><num>(b)</num><content><p>if (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the cryptoassets are connected, until the proceedings are concluded.</p></content></level></subparagraph><subparagraph><num>(9)</num><content><p>In relation to cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order, references in this paragraph to a person from whom cryptoassets were seized include a reference to a person by or for whom the crypto wallet was administered immediately before the crypto wallet freezing order was made.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Compensation</heading><paragraph eId="d28e53800" class="schProv1"><num>10Z7CM</num><subparagraph><num>(1)</num><content><p>This paragraph applies if no order is made under paragraph <ref href="#d28e51854">10Z7CA</ref>, <ref href="#d28e52355">10Z7CD</ref> or <ref href="#d28e52610">10Z7CE</ref> in respect of cryptoassets detained under this Schedule or held in a crypto wallet that is subject to a crypto wallet freezing order under paragraph <ref href="#d28e51475">10Z7BB</ref>.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>Where this paragraph applies, the following may make an application to the relevant court for compensation—</p></intro><level class="para1"><num>(a)</num><content><p>a person to whom the cryptoassets belong or from whom they were seized;</p></content></level><level class="para1"><num>(b)</num><content><p>a person by or for whom a crypto wallet to which the crypto wallet freezing order applies is administered.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>If the relevant court is satisfied that the applicant has suffered loss as a result of the detention of the cryptoassets or the making of the crypto wallet freezing order and that the circumstances are exceptional, the relevant court may order compensation to be paid to the applicant.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>The amount of compensation to be paid is the amount the relevant court thinks reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by an officer of Revenue and Customs, the compensation is to be paid by the Commissioners for His Majesty’s Revenue and Customs.</p></content></subparagraph><subparagraph><num>(6)</num><intro><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by a constable, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a constable of a police force in England and Wales, it is to be paid out of the police fund from which the expenses of the police force are met;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of a constable of the Police Service of Scotland, it is to be paid by the Scottish Police Authority;</p></content></level><level class="para1"><num>(c)</num><content><p>in the case of a police officer within the meaning of the Police (Northern Ireland) Act 2000, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by a counter-terrorism financial investigator, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><intro><p>in the case of a counter-terrorism financial investigator who was—</p></intro><level class="para2"><num>(i)</num><content><p>a member of the civilian staff of a police force (including the metropolitan police force), within the meaning of Part 1 of the Police Reform and Social Responsibility Act 2011, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a member of staff of the City of London police force,</p></content></level><wrapUp><p>it is to be paid out of the police fund from which the expenses of the police force are met;</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>in the case of a counter-terrorism financial investigator who was a member of staff of the Police Service of Northern Ireland, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland.</p></content></level></subparagraph><subparagraph><num>(8)</num><content><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by an immigration officer, the compensation is to be paid by the Secretary of State.</p></content></subparagraph><subparagraph><num>(9)</num><content><p>If an order under paragraph <ref href="#d28e51475">10Z7BB</ref>, <ref href="#d28e51854">10Z7CA</ref>, <ref href="#d28e52355">10Z7CD</ref> or <ref href="#d28e52610">10Z7CE</ref> is made in respect of some of the cryptoassets detained or held, this paragraph has effect in relation to the remainder.</p></content></subparagraph><subparagraph><num>(10)</num><content><p>This paragraph does not apply if the relevant court makes an order under paragraph <ref href="#d28e53486">10Z7CK</ref> or <ref href="#d28e53634">10Z7CL</ref>.</p></content></subparagraph><subparagraph><num>(11)</num><intro><p>In this paragraph “<term refersTo="#term-relevant-court">relevant court</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, the sheriff.</p></content></level></subparagraph></paragraph></hcontainer></part><part eId="d28e53971"><num>PART 4BD</num><heading>Conversion of cryptoassets</heading><hcontainer name="crossheading" class="schGroup7"><heading>Interpretation</heading><paragraph class="schProv1"><num>10Z7D</num><subparagraph><num>(1)</num><intro><p>In this Part—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-converted-cryptoassets">converted cryptoassets</term>” is to be read in accordance with paragraphs <ref href="#d28e54639">10Z7DD</ref> and 10Z7DE;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet-freezing-order">crypto wallet freezing order</term>” has the same meaning as in Part <ref href="#d28e51123">4BB</ref> (see paragraph <ref href="#d28e51131">10Z7B</ref><ref href="#d28e51287">(6)</ref>);</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-relevant-court">relevant court</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, the sheriff;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-financial-institution">relevant financial institution</term>” has the same meaning as in Part 4B (see paragraph 10Q);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-uk-connected-cryptoasset-service-provider">UK-connected cryptoasset service provider</term>” has the same meaning as in Part <ref href="#d28e51123">4BB</ref> (see paragraph <ref href="#d28e51131">10Z7B</ref><ref href="#d28e51320">(7)</ref>).</p></content></hcontainer></subparagraph><subparagraph><num>(2)</num><content><p>Paragraph <ref href="#d28e51131">10Z7B</ref><ref href="#d28e51314">(6)(b)</ref> (administration of crypto wallets) applies in relation to this Part as it applies in relation to Part <ref href="#d28e51123">4BB</ref>.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>In this Part references to the conversion of cryptoassets into money are references to the conversion of cryptoassets into—</p></intro><level class="para1"><num>(a)</num><content><p>cash, or</p></content></level><level class="para1"><num>(b)</num><content><p>money held in an account maintained with a relevant financial institution.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>For the purposes of Parts 2 to 4, converted cryptoassets detained under this Part are not to be treated as cash detained under this Schedule.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Detained cryptoassets: conversion</heading><paragraph eId="d28e54094" class="schProv1"><num>10Z7DA</num><subparagraph><num>(1)</num><content><p>Sub-paragraph <ref href="#d28e54113">(2)</ref> applies while any cryptoassets are detained in pursuance of an order under paragraph <ref href="#d28e50579">10Z7AE</ref> or <ref href="#d28e50699">10Z7AG</ref> (including where cryptoassets are subject to forfeiture proceedings).</p></content></subparagraph><subparagraph eId="d28e54113"><num>(2)</num><content><p>A person within sub-paragraph <ref href="#d28e54122">(3)</ref> may apply to the relevant court for an order requiring all of the cryptoassets detained pursuant to the order to be converted into money.</p></content></subparagraph><subparagraph eId="d28e54122"><num>(3)</num><intro><p>The following persons are within this sub-paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>a person from whom the cryptoassets were seized.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>In deciding whether to make an order under this paragraph, the court must have regard to whether the cryptoassets (as a whole) are likely to suffer a significant loss in value during the period before they are released or forfeited (including the period during which an appeal against an order for forfeiture may be made).</p></content></subparagraph><subparagraph><num>(5)</num><intro><p>Before making an order under this paragraph the court must give an opportunity to be heard to—</p></intro><level class="para1"><num>(a)</num><content><p>the parties to the proceedings, and</p></content></level><level class="para1"><num>(b)</num><content><p>any other person who may be affected by its decision.</p></content></level></subparagraph><subparagraph eId="d28e54164"><num>(6)</num><content><p>As soon as practicable after an order is made under this paragraph, an authorised officer must convert the cryptoassets, or arrange for the cryptoassets to be converted, into money.</p></content></subparagraph><subparagraph><num>(7)</num><content><p>The conversion of cryptoassets under sub-paragraph <ref href="#d28e54164">(6)</ref> must be carried out, so far as practicable, in the manner best calculated to maximise the amount of money obtained for the cryptoassets.</p></content></subparagraph><subparagraph><num>(8)</num><content><p>At the first opportunity after the cryptoassets are converted, the authorised officer must arrange for the amount of money obtained for the cryptoassets to be paid into an interest-bearing account and held there.</p></content></subparagraph><subparagraph><num>(9)</num><content><p>Interest accruing on the amount is to be added to it on its forfeiture or release.</p></content></subparagraph><subparagraph><num>(10)</num><intro><p>Where cryptoassets are converted into money in accordance with an order made under this paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoassets are no longer to be treated as being detained in pursuance of an order under paragraph <ref href="#d28e50579">10Z7AE</ref> or <ref href="#d28e50699">10Z7AG</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>any application made under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51879">(2)</ref> in relation to the cryptoassets which has not yet been determined or otherwise disposed of (including under paragraph <ref href="#d28e52355">10Z7CD</ref> or <ref href="#d28e52610">10Z7CE</ref>) is to be treated as if it were an application made under paragraph <ref href="#d28e55077">10Z7DG</ref><ref href="#d28e55093">(2)</ref> in relation to the converted cryptoassets.</p></content></level></subparagraph><subparagraph><num>(11)</num><content><p>An order made under this paragraph must provide for notice to be given to persons affected by the order.</p></content></subparagraph><subparagraph><num>(12)</num><content><p>No appeal may be made against an order made under this paragraph.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Frozen crypto wallet: conversion</heading><paragraph eId="d28e54247" class="schProv1"><num>10Z7DB</num><subparagraph><num>(1)</num><content><p>This paragraph applies while a crypto wallet freezing order under paragraph <ref href="#d28e51475">10Z7BB</ref> has effect (including where cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order are subject to forfeiture proceedings).</p></content></subparagraph><subparagraph><num>(2)</num><content><p>A person within sub-paragraph <ref href="#d28e54269">(3)</ref> may apply to the relevant court for an order requiring all of the cryptoassets held in the crypto wallet to be converted into money.</p></content></subparagraph><subparagraph eId="d28e54269"><num>(3)</num><intro><p>The following persons are within this sub-paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>a person by or for whom the crypto wallet is administered.</p></content></level></subparagraph><subparagraph><num>(4)</num><intro><p>In deciding whether to make an order under this paragraph, the court must have regard to whether the cryptoassets (as a whole) are likely to suffer a significant loss in value during the period before—</p></intro><level class="para1"><num>(a)</num><content><p>the crypto wallet freezing order ceases to have effect, or</p></content></level><level class="para1"><num>(b)</num><content><p>the cryptoassets are forfeited (including the period during which an appeal against an order for forfeiture may be made).</p></content></level></subparagraph><subparagraph><num>(5)</num><intro><p>Before making an order under this paragraph the court must give an opportunity to be heard to—</p></intro><level class="para1"><num>(a)</num><content><p>the parties to the proceedings, and</p></content></level><level class="para1"><num>(b)</num><content><p>any other person who may be affected by its decision.</p></content></level></subparagraph><subparagraph eId="d28e54323"><num>(6)</num><content><p>As soon as practicable after an order is made under this paragraph, the UK-connected cryptoasset service provider that administers the crypto wallet must convert the cryptoassets, or arrange for the cryptoassets to be converted, into money.</p></content></subparagraph><subparagraph><num>(7)</num><content><p>The conversion of cryptoassets under sub-paragraph <ref href="#d28e54323">(6)</ref> must be carried out, so far as practicable, in the manner best calculated to maximise the amount of money obtained for the cryptoassets.</p></content></subparagraph><subparagraph><num>(8)</num><content><p>At the first opportunity after the cryptoassets are converted, the UK-connected cryptoasset service provider must arrange for the amount of money obtained for the cryptoassets to be paid into an interest-bearing account nominated by an authorised officer and held there.</p></content></subparagraph><subparagraph><num>(9)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>the UK-connected cryptoasset service provider may deduct any reasonable expenses incurred by the provider in connection with the conversion of the cryptoassets, and</p></content></level><level class="para1"><num>(b)</num><content><p>the amount to be treated as the proceeds of the conversion of the cryptoassets is to be reduced accordingly.</p></content></level></subparagraph><subparagraph><num>(10)</num><content><p>Interest accruing on the amount obtained for the cryptoassets is to be added to it on its forfeiture or release.</p></content></subparagraph><subparagraph><num>(11)</num><intro><p>Where cryptoassets are converted in accordance with an order made under this paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>the crypto wallet freezing order ceases to have effect,</p></content></level><level class="para1"><num>(b)</num><content><p>any application made under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51879">(2)</ref> in relation to the cryptoassets which has not yet been determined or otherwise disposed of (including under paragraph <ref href="#d28e52355">10Z7CD</ref> or <ref href="#d28e52610">10Z7CE</ref>) is to be treated as if it were an application made under paragraph <ref href="#d28e55077">10Z7DG</ref><ref href="#d28e55093">(2)</ref> in relation to the converted cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><content><p>any application made under paragraph <ref href="#d28e52883">10Z7CF</ref><ref href="#d28e52957">(2)</ref> in relation to the crypto wallet which has not yet been determined or otherwise disposed of may not be proceeded with.</p></content></level></subparagraph><subparagraph><num>(12)</num><content><p>An order made under this paragraph must provide for notice to be given to persons affected by the order.</p></content></subparagraph><subparagraph><num>(13)</num><content><p>No appeal may be made against an order made under this paragraph.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Conversion: existing forfeiture proceedings</heading><paragraph eId="d28e54429" class="schProv1"><num>10Z7DC</num><subparagraph><num>(1)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets are forfeited under paragraph <ref href="#d28e51854">10Z7CA</ref> or <ref href="#d28e52610">10Z7CE</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>before the cryptoassets are realised or destroyed in accordance with paragraph <ref href="#d28e53261">10Z7CI</ref>, an order is made under paragraph <ref href="#d28e54094">10Z7DA</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>paragraph <ref href="#d28e55309">10Z7DJ</ref><ref href="#d28e55313">(1)</ref> applies in relation to the converted cryptoassets as if they had been detained under paragraph <ref href="#d28e54639">10Z7DD</ref> and forfeited under paragraph <ref href="#d28e55077">10Z7DG</ref> (and accordingly paragraph <ref href="#d28e53261">10Z7CI</ref> ceases to apply).</p></wrapUp></subparagraph><subparagraph><num>(2)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets are forfeited under paragraph <ref href="#d28e51854">10Z7CA</ref> or <ref href="#d28e52610">10Z7CE</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>before the cryptoassets are realised or destroyed in accordance with paragraph <ref href="#d28e53261">10Z7CI</ref>, an order is made under paragraph <ref href="#d28e54247">10Z7DB</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>paragraph <ref href="#d28e55309">10Z7DJ</ref><ref href="#d28e55374">(2)</ref> applies in relation to the converted cryptoassets as if they had been detained under paragraph <ref href="#d28e54802">10Z7DE</ref> and forfeited under paragraph <ref href="#d28e55077">10Z7DG</ref> (and accordingly paragraph <ref href="#d28e53261">10Z7CI</ref> ceases to apply).</p></wrapUp></subparagraph><subparagraph><num>(3)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>an appeal may be made under paragraph <ref href="#d28e53023">10Z7CG</ref><ref href="#d28e53027">(1)</ref> or <ref href="#d28e53096">(2)</ref> in relation to the determination of an application under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51879">(2)</ref> for the forfeiture of cryptoassets (including where paragraph <ref href="#d28e52355">10Z7CD</ref> or <ref href="#d28e52610">10Z7CE</ref> applies), and</p></content></level><level class="para1"><num>(b)</num><content><p>an order is made under paragraph <ref href="#d28e54094">10Z7DA</ref> or <ref href="#d28e54247">10Z7DB</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>the appeal may instead be made under paragraph <ref href="#d28e55168">10Z7DH</ref> (within the time allowed by paragraph <ref href="#d28e53023">10Z7CG</ref><ref href="#d28e53137">(4)</ref>) as if it were an appeal against the determination of an application under paragraph <ref href="#d28e55077">10Z7DG</ref>.</p></wrapUp></subparagraph><subparagraph><num>(4)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>an appeal is made under paragraph <ref href="#d28e53023">10Z7CG</ref><ref href="#d28e53027">(1)</ref> or <ref href="#d28e53096">(2)</ref> in relation to the determination of an application under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51879">(2)</ref> for the forfeiture of cryptoassets (including where paragraph <ref href="#d28e52355">10Z7CD</ref> or <ref href="#d28e52610">10Z7CE</ref> applies), and</p></content></level><level class="para1"><num>(b)</num><content><p>before the appeal is determined or otherwise disposed of, an order is made under paragraph <ref href="#d28e54094">10Z7DA</ref> or <ref href="#d28e54247">10Z7DB</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>the appeal is to be treated as if it had been made under paragraph <ref href="#d28e55168">10Z7DH</ref><ref href="#d28e55172">(1)</ref> in relation to the determination of an application under paragraph <ref href="#d28e55077">10Z7DG</ref> for the forfeiture of the converted cryptoassets.</p></wrapUp></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Detained cryptoassets: detention of proceeds of conversion</heading><paragraph eId="d28e54639" class="schProv1"><num>10Z7DD</num><subparagraph eId="d28e54643"><num>(1)</num><content><p>This paragraph applies where cryptoassets are converted into money in accordance with an order under paragraph <ref href="#d28e54094">10Z7DA</ref>.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>The proceeds of the conversion (the “converted cryptoassets”) may be detained initially until the end of the period that the cryptoassets could, immediately before the conversion, have been detained under Part <ref href="#d28e50060">4BA</ref> (ignoring the possibility of any extension of that period).</p></content></subparagraph><subparagraph eId="d28e54661"><num>(3)</num><content><p>The period for which the converted cryptoassets may be detained may be extended by an order made by the relevant court.</p></content></subparagraph><subparagraph eId="d28e54667"><num>(4)</num><content><p>An order under sub-paragraph <ref href="#d28e54661">(3)</ref> may not authorise the detention of the converted cryptoassets beyond the end of the period of 2 years beginning with the relevant date; but this is subject to sub-paragraph <ref href="#d28e54679">(5)</ref>.</p></content></subparagraph><subparagraph eId="d28e54679"><num>(5)</num><content><p>The relevant court may make an order for the period of 2 years in sub-paragraph <ref href="#d28e54667">(4)</ref> to be extended to a period of up to 3 years beginning with the relevant date.</p></content></subparagraph><subparagraph><num>(6)</num><content><p>In sub-paragraphs <ref href="#d28e54667">(4)</ref> and <ref href="#d28e54679">(5)</ref> “<term refersTo="#term-the-relevant-date">the relevant date</term>” means the date on which the first order under paragraph <ref href="#d28e50579">10Z7AE</ref> or <ref href="#d28e50699">10Z7AG</ref> (as the case may be) was made in relation to the cryptoassets.</p></content></subparagraph><subparagraph><num>(7)</num><intro><p>An application for an order under sub-paragraph <ref href="#d28e54661">(3)</ref> or <ref href="#d28e54679">(5)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, by the Commissioners for His Majesty’s Revenue and Customs or an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, by a procurator fiscal.</p></content></level></subparagraph><subparagraph><num>(8)</num><intro><p>The relevant court may make an order under sub-paragraph <ref href="#d28e54661">(3)</ref> only if satisfied that there are reasonable grounds for suspecting that the converted cryptoassets to be further detained—</p></intro><level class="para1"><num>(a)</num><content><p>are within subsection (1)(a) or (b) of section 1, or</p></content></level><level class="para1"><num>(b)</num><content><p>are property earmarked as terrorist property.</p></content></level></subparagraph><subparagraph eId="d28e54754"><num>(9)</num><content><p>The relevant court may make an order under sub-paragraph <ref href="#d28e54679">(5)</ref> only if satisfied that a request for assistance is outstanding in relation to the cryptoassets mentioned in sub-paragraph <ref href="#d28e54643">(1)</ref>.</p></content></subparagraph><subparagraph><num>(10)</num><intro><p>A “request for assistance” in sub-paragraph <ref href="#d28e54754">(9)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the cryptoassets, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an authorised officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Schedule, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A of the Proceeds of Crime Act 2002 (evidence overseas).</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Frozen crypto wallets: detention of proceeds of conversion</heading><paragraph eId="d28e54802" class="schProv1"><num>10Z7DE</num><subparagraph eId="d28e54806"><num>(1)</num><content><p>This paragraph applies where cryptoassets held in a crypto wallet subject to a crypto wallet freezing order are converted into money in accordance with an order under paragraph <ref href="#d28e54247">10Z7DB</ref>.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>The proceeds of the conversion (the “converted cryptoassets”) may be detained initially until the end of the period that the crypto wallet freezing order was, immediately before the conversion, due to have effect under Part <ref href="#d28e51123">4BB</ref> (ignoring the possibility of any extension of that period).</p></content></subparagraph><subparagraph eId="d28e54824"><num>(3)</num><content><p>The period for which the converted cryptoassets may be detained may be extended by an order made by the relevant court.</p></content></subparagraph><subparagraph eId="d28e54830"><num>(4)</num><content><p>An order under sub-paragraph <ref href="#d28e54824">(3)</ref> may not authorise the detention of the converted cryptoassets beyond the end of the period of 2 years beginning with the day on which the crypto wallet freezing order was made; but this is subject to sub-paragraph <ref href="#d28e54842">(5)</ref>.</p></content></subparagraph><subparagraph eId="d28e54842"><num>(5)</num><content><p>The relevant court may make an order for the period of 2 years in sub-paragraph <ref href="#d28e54830">(4)</ref> to be extended to a period of up to 3 years beginning with the day on which the crypto wallet freezing order was made.</p></content></subparagraph><subparagraph><num>(6)</num><intro><p>An application for an order under sub-paragraph <ref href="#d28e54824">(3)</ref> or <ref href="#d28e54842">(5)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, by the Commissioners for His Majesty’s Revenue and Customs or an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, by a procurator fiscal.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>The relevant court may make an order under sub-paragraph <ref href="#d28e54824">(3)</ref> only if satisfied that there are reasonable grounds for suspecting that the converted cryptoassets to be further detained—</p></intro><level class="para1"><num>(a)</num><content><p>are within subsection (1)(a) or (b) of section 1, or</p></content></level><level class="para1"><num>(b)</num><content><p>are property earmarked as terrorist property.</p></content></level></subparagraph><subparagraph eId="d28e54896"><num>(8)</num><content><p>The relevant court may make an order under sub-paragraph <ref href="#d28e54842">(5)</ref> only if satisfied that a request for assistance is outstanding in relation to the cryptoassets mentioned in sub-paragraph <ref href="#d28e54806">(1)</ref>.</p></content></subparagraph><subparagraph><num>(9)</num><intro><p>A “request for assistance” in sub-paragraph <ref href="#d28e54896">(8)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the cryptoassets, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an authorised officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Schedule, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A of the Proceeds of Crime Act 2002 (evidence overseas).</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Release of detained converted cryptoassets</heading><paragraph class="schProv1"><num>10Z7DF</num><subparagraph><num>(1)</num><content><p>This paragraph applies while any converted cryptoassets are detained under paragraph <ref href="#d28e54639">10Z7DD</ref> or <ref href="#d28e54802">10Z7DE</ref>.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>The relevant court may, subject to sub-paragraph <ref href="#d28e55053">(7)</ref>, direct the release of the whole or any part of the converted cryptoassets if the following condition is met.</p></content></subparagraph><subparagraph eId="d28e54969"><num>(3)</num><intro><p>The condition is that, on an application by the relevant person, the court is not satisfied that there are reasonable grounds for suspecting that the converted cryptoassets to be released—</p></intro><level class="para1"><num>(a)</num><content><p>are within subsection (1)(a) or (b) of section 1, or</p></content></level><level class="para1"><num>(b)</num><content><p>are property earmarked as terrorist property.</p></content></level></subparagraph><subparagraph><num>(4)</num><intro><p>In sub-paragraph <ref href="#d28e54969">(3)</ref> “<term refersTo="#term-the-relevant-person">the relevant person</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of converted cryptoassets detained under paragraph <ref href="#d28e54639">10Z7DD</ref>, the person from whom the cryptoassets mentioned in sub-paragraph <ref href="#d28e54643">(1)</ref> of that paragraph were seized, and</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of converted cryptoassets detained under paragraph <ref href="#d28e54802">10Z7DE</ref>, any person affected by the crypto wallet freezing order mentioned in sub-paragraph <ref href="#d28e54806">(1)</ref> of that paragraph.</p></content></level></subparagraph><subparagraph><num>(5)</num><content><p>A person within sub-paragraph <ref href="#d28e55035">(6)</ref> may, subject to sub-paragraph <ref href="#d28e55053">(7)</ref> and after notifying the magistrates’ court or sheriff under whose order converted cryptoassets are being detained, release the whole or any part of the converted cryptoassets if satisfied that the detention is no longer justified.</p></content></subparagraph><subparagraph eId="d28e55035"><num>(6)</num><intro><p>The following persons are within this sub-paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales or Northern Ireland, an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, a procurator fiscal.</p></content></level></subparagraph><subparagraph eId="d28e55053"><num>(7)</num><intro><p>Converted cryptoassets are not to be released under this paragraph (and so are to continue to be detained)—</p></intro><level class="para1"><num>(a)</num><content><p>if an application for their forfeiture under paragraph <ref href="#d28e55077">10Z7DG</ref> is made, until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded;</p></content></level><level class="para1"><num>(b)</num><content><p>if (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the converted cryptoassets are connected, until the proceedings are concluded.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Forfeiture</heading><paragraph eId="d28e55077" class="schProv1"><num>10Z7DG</num><subparagraph><num>(1)</num><content><p>This paragraph applies while any converted cryptoassets are detained under paragraph <ref href="#d28e54639">10Z7DD</ref> or <ref href="#d28e54802">10Z7DE</ref>.</p></content></subparagraph><subparagraph eId="d28e55093"><num>(2)</num><intro><p>An application for the forfeiture of some or all of the converted cryptoassets may be made—</p></intro><level class="para1"><num>(a)</num><content><p>to a magistrates’ court, by the Commissioners for His Majesty’s Revenue and Customs or an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>to the sheriff, by the Scottish Ministers.</p></content></level></subparagraph><subparagraph><num>(3)</num><intro><p>The court or sheriff may order the forfeiture of some or all of the converted cryptoassets if satisfied that the converted cryptoassets to be forfeited—</p></intro><level class="para1"><num>(a)</num><content><p>are within subsection (1)(a) or (b) of section 1, or</p></content></level><level class="para1"><num>(b)</num><content><p>are property earmarked as terrorist property.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>But in the case of property which belongs to joint tenants, one of whom is an excepted joint owner, the order may not apply to so much of it as the court thinks is attributable to the excepted joint owner’s share.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>Where an application for forfeiture is made under this paragraph, the converted cryptoassets are to continue to be detained under paragraph <ref href="#d28e54639">10Z7DD</ref> or <ref href="#d28e54802">10Z7DE</ref> (and may not be released under any power conferred by this Part) until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.</p></content></subparagraph><subparagraph><num>(6)</num><intro><p>For the purposes of this paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>an excepted joint owner is a joint tenant who obtained the property in circumstances in which it would not (as against them) be earmarked, and</p></content></level><level class="para1"><num>(b)</num><content><p>references to the excepted joint owner’s share of property are to so much of the property as would have been theirs if the joint tenancy had been severed.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Forfeiture: appeals</heading><paragraph eId="d28e55168" class="schProv1"><num>10Z7DH</num><subparagraph eId="d28e55172"><num>(1)</num><intro><p>Any party to proceedings for an order for the forfeiture of converted cryptoassets under paragraph <ref href="#d28e55077">10Z7DG</ref> who is aggrieved by an order under that paragraph or by the decision of the court not to make such an order may appeal—</p></intro><level class="para1"><num>(a)</num><content><p>from an order or decision of a magistrates’ court in England and Wales, to the Crown Court;</p></content></level><level class="para1"><num>(b)</num><content><p>from an order or decision of the sheriff, to the Sheriff Appeal Court;</p></content></level><level class="para1"><num>(c)</num><content><p>from an order or decision of a magistrates’ court in Northern Ireland, to a county court.</p></content></level></subparagraph><subparagraph><num>(2)</num><content><p>An appeal under sub-paragraph <ref href="#d28e55172">(1)</ref> must be made before the end of the period of 30 days starting with the day on which the court makes the order or decision.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>The court hearing the appeal may make any order it thinks appropriate.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>If the court upholds an appeal against an order forfeiting the converted cryptoassets, it may, subject to sub-paragraph <ref href="#d28e55223">(5)</ref>, order the release of some or all of the converted cryptoassets.</p></content></subparagraph><subparagraph eId="d28e55223"><num>(5)</num><content><p>If (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the converted cryptoassets are connected, the converted cryptoassets are not to be released under this paragraph (and so are to continue to be detained) until the proceedings are concluded.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Extended time for appealing in certain cases where deproscription order made</heading><paragraph class="schProv1"><num>10Z7DI</num><subparagraph><num>(1)</num><intro><p>This paragraph applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a successful application for an order under paragraph <ref href="#d28e55077">10Z7DG</ref> relies (wholly or partly) on the fact that an organisation is proscribed,</p></content></level><level class="para1"><num>(b)</num><content><p>an application under section 4 of the Terrorism Act 2000 for a deproscription order in respect of the organisation is refused by the Secretary of State,</p></content></level><level class="para1"><num>(c)</num><content><p>the converted cryptoassets forfeited by the order under paragraph <ref href="#d28e55077">10Z7DG</ref> were converted from cryptoassets which were seized under this Schedule on or after the date of the refusal of that application,</p></content></level><level class="para1"><num>(d)</num><content><p>an appeal against that refusal is allowed under section 5 of the Terrorism Act 2000,</p></content></level><level class="para1"><num>(e)</num><content><p>a deproscription order is made accordingly, and</p></content></level><level class="para1"><num>(f)</num><content><p>if the order is made in reliance on section 123(5) of the Terrorism Act 2000, a resolution is passed by each House of Parliament under section 123(5)(b) of that Act.</p></content></level></subparagraph><subparagraph><num>(2)</num><content><p>Where this paragraph applies, an appeal under paragraph <ref href="#d28e55168">10Z7DH</ref> against the making of an order under paragraph <ref href="#d28e55077">10Z7DG</ref> may be brought at any time before the end of the period of 30 days beginning with the date on which the deproscription order comes into force.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>In this paragraph a “<term refersTo="#term-deproscription-order">deproscription order</term>” means an order under section 3(3)(b) or (8) of the Terrorism Act 2000.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Application of forfeited converted cryptoassets</heading><paragraph eId="d28e55309" class="schProv1"><num>10Z7DJ</num><subparagraph eId="d28e55313"><num>(1)</num><intro><p>Converted cryptoassets detained under paragraph <ref href="#d28e54639">10Z7DD</ref> and forfeited under paragraph <ref href="#d28e55077">10Z7DG</ref>, and any accrued interest on them, must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, they must be applied in making any payment of reasonable expenses incurred by an authorised officer in connection with the safe storage of the cryptoassets mentioned in paragraph <ref href="#d28e54639">10Z7DD</ref><ref href="#d28e54643">(1)</ref> during the period the cryptoassets were detained under Part <ref href="#d28e50060">4BA</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>second, they must be applied in making any payment of reasonable expenses incurred by an authorised officer in connection with the conversion of those cryptoassets under paragraph <ref href="#d28e54094">10Z7DA</ref><ref href="#d28e54164">(6)</ref>;</p></content></level><level class="para1"><num>(c)</num><content><p>third, they must be applied in making any payment of reasonable expenses incurred by an authorised officer in connection with the detention of the converted cryptoassets under this Part;</p></content></level><level class="para1"><num>(d)</num><intro><p>fourth, they must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if forfeited by a magistrates’ court in England and Wales or Northern Ireland, into the Consolidated Fund, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if forfeited by the sheriff, into the Scottish Consolidated Fund.</p></content></level></level></subparagraph><subparagraph eId="d28e55374"><num>(2)</num><intro><p>Converted cryptoassets detained under paragraph <ref href="#d28e54802">10Z7DE</ref> and forfeited under paragraph <ref href="#d28e55077">10Z7DG</ref>, and any accrued interest on them, must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, they must be applied in making any payment of reasonable expenses incurred by an authorised officer in connection with the detention of the converted cryptoassets under this Part;</p></content></level><level class="para1"><num>(b)</num><intro><p>second, they must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if forfeited by a magistrates’ court in England and Wales or Northern Ireland, into the Consolidated Fund, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if forfeited by the sheriff, into the Scottish Consolidated Fund.</p></content></level></level></subparagraph><subparagraph><num>(3)</num><intro><p>But converted cryptoassets are not to be applied or paid under sub-paragraph <ref href="#d28e55313">(1)</ref> or <ref href="#d28e55374">(2)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>before the end of the period within which an appeal under paragraph <ref href="#d28e55168">10Z7DH</ref> may be made, or</p></content></level><level class="para1"><num>(b)</num><content><p>if a person appeals under that paragraph, before the appeal is determined or otherwise disposed of.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Victims etc</heading><paragraph eId="d28e55440" class="schProv1"><num>10Z7DK</num><subparagraph><num>(1)</num><content><p>This paragraph applies where converted cryptoassets are detained under this Part.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>Where this paragraph applies, a person (“<term refersTo="#term-p">P</term>”) who claims that the relevant cryptoassets belonged to P immediately before—</p></intro><level class="para1"><num>(a)</num><content><p>the relevant cryptoassets were seized, or</p></content></level><level class="para1" eId="d28e55465"><num>(b)</num><content><p>the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held,</p></content></level><wrapUp><p>may apply to the relevant court for some or all of the converted cryptoassets to be released to P.</p></wrapUp></subparagraph><subparagraph><num>(3)</num><content><p>The application may be made in the course of proceedings under paragraph <ref href="#d28e54639">10Z7DD</ref>, <ref href="#d28e54802">10Z7DE</ref> or <ref href="#d28e55077">10Z7DG</ref> or at any other time.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>The relevant court may, subject to sub-paragraph <ref href="#d28e55614">(9)</ref>, order the converted cryptoassets to which the application relates to be released to the applicant if it appears to the relevant court that the condition in sub-paragraph <ref href="#d28e55500">(5)</ref> is met.</p></content></subparagraph><subparagraph eId="d28e55500"><num>(5)</num><intro><p>The condition in this sub-paragraph is that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the relevant cryptoassets, or of property which they represent, by criminal conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the relevant cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, property obtained by or in return for criminal conduct and nor did they then represent such property, and</p></content></level><level class="para1"><num>(c)</num><intro><p>the relevant cryptoassets belonged to the applicant immediately before—</p></intro><level class="para2"><num>(i)</num><content><p>the relevant cryptoassets were seized, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held.</p></content></level></level></subparagraph><subparagraph eId="d28e55536"><num>(6)</num><content><p>If sub-paragraph <ref href="#d28e55548">(7)</ref> applies, the relevant court may, subject to sub-paragraph <ref href="#d28e55614">(9)</ref>, order the converted cryptoassets to which the application relates to be released to the applicant or to the person from whom the relevant cryptoassets were seized.</p></content></subparagraph><subparagraph eId="d28e55548"><num>(7)</num><intro><p>This sub-paragraph applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the relevant cryptoassets were seized,</p></content></level><level class="para1"><num>(b)</num><intro><p>it appears to the relevant court that the relevant cryptoassets belonged to the applicant immediately before—</p></intro><level class="para2"><num>(i)</num><content><p>the relevant cryptoassets were seized, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held,</p></content></level></level><level class="para1"><num>(c)</num><content><p>the relevant court is satisfied that the release condition is met in relation to the converted cryptoassets, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under sub-paragraph <ref href="#d28e55536">(6)</ref> has been made by the person from whom the relevant cryptoassets were seized.</p></content></level></subparagraph><subparagraph><num>(8)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>if the conditions in this Part for the detention of the converted cryptoassets are no longer met, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to converted cryptoassets which are subject to an application for forfeiture under paragraph <ref href="#d28e55077">10Z7DG</ref>, if the court or sheriff decides not to make an order under that paragraph in relation to the converted cryptoassets.</p></content></level></subparagraph><subparagraph eId="d28e55614"><num>(9)</num><content><p>If (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the converted cryptoassets are connected, the converted cryptoassets are not to be released under this paragraph (and so are to continue to be detained) until the proceedings are concluded</p></content></subparagraph><subparagraph><num>(10)</num><content><p>Where sub-paragraph <ref href="#d28e55465">(2)(b)</ref> applies, references in this paragraph to a person from whom relevant cryptoassets were seized include a reference to a person by or for whom the crypto wallet mentioned in that provision was administered immediately before the crypto wallet freezing order was made in relation to the crypto wallet.</p></content></subparagraph><subparagraph><num>(11)</num><intro><p>In this paragraph “<term refersTo="#term-the-relevant-cryptoassets">the relevant cryptoassets</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to converted cryptoassets detained under paragraph <ref href="#d28e54639">10Z7DD</ref>, some or all of the cryptoassets mentioned in sub-paragraph <ref href="#d28e54643">(1)</ref> of that paragraph, and</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to converted cryptoassets detained under paragraph <ref href="#d28e54802">10Z7DE</ref>, some or all of the cryptoassets mentioned in sub-paragraph <ref href="#d28e54806">(1)</ref> of that paragraph.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Compensation</heading><paragraph class="schProv1"><num>10Z7DL</num><subparagraph><num>(1)</num><content><p>This paragraph applies if no order is made under paragraph <ref href="#d28e55077">10Z7DG</ref> in respect of converted cryptoassets detained under this Part.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>Where this paragraph applies, the following may make an application to the relevant court for compensation—</p></intro><level class="para1"><num>(a)</num><content><p>a person to whom the relevant cryptoassets belonged immediately before they were seized;</p></content></level><level class="para1"><num>(b)</num><content><p>a person from whom the relevant cryptoassets were seized;</p></content></level><level class="para1"><num>(c)</num><content><p>a person by or for whom the crypto wallet mentioned in paragraph <ref href="#d28e54802">10Z7DE</ref><ref href="#d28e54806">(1)</ref> was administered immediately before the crypto wallet freezing order was made in relation to the crypto wallet.</p></content></level></subparagraph><subparagraph><num>(3)</num><intro><p>If the relevant court is satisfied that—</p></intro><level class="para1"><num>(a)</num><intro><p>the applicant has suffered loss as a result of—</p></intro><level class="para2"><num>(i)</num><content><p>the conversion of the relevant cryptoassets into money, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the detention of the converted cryptoassets, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>the circumstances are exceptional,</p></content></level><wrapUp><p>the relevant court may order compensation to be paid to the applicant.</p></wrapUp></subparagraph><subparagraph><num>(4)</num><content><p>The amount of compensation to be paid is the amount the relevant court thinks reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by an officer of Revenue and Customs, the compensation is to be paid by the Commissioners for His Majesty’s Revenue and Customs.</p></content></subparagraph><subparagraph><num>(6)</num><intro><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by a constable, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a constable of a police force in England and Wales, it is to be paid out of the police fund from which the expenses of the police force are met;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of a constable of the Police Service of Scotland, it is to be paid by the Scottish Police Authority;</p></content></level><level class="para1"><num>(c)</num><content><p>in the case of a police officer within the meaning of the Police (Northern Ireland) Act 2000, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by a counter-terrorism financial investigator, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><intro><p>in the case of a counter-terrorism financial investigator who was—</p></intro><level class="para2"><num>(i)</num><content><p>a member of the civilian staff of a police force (including the metropolitan police force), within the meaning of Part 1 of the Police Reform and Social Responsibility Act 2011, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a member of staff of the City of London police force,</p></content></level><wrapUp><p>it is to be paid out of the police fund from which the expenses of the police force are met;</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>in the case of a counter-terrorism financial investigator who was a member of staff of the Police Service of Northern Ireland, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland.</p></content></level></subparagraph><subparagraph><num>(8)</num><content><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by an immigration officer, the compensation is to be paid by the Secretary of State.</p></content></subparagraph><subparagraph><num>(9)</num><content><p>This paragraph does not apply if the relevant court makes an order under paragraph <ref href="#d28e55440">10Z7DK</ref>.</p></content></subparagraph><subparagraph><num>(10)</num><intro><p>In this paragraph—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-the-relevant-cryptoassets">the relevant cryptoassets</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to converted cryptoassets detained under paragraph <ref href="#d28e54639">10Z7DD</ref>, the cryptoassets mentioned in sub-paragraph <ref href="#d28e54643">(1)</ref> of that paragraph;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to converted cryptoassets detained under paragraph <ref href="#d28e54802">10Z7DE</ref>, the cryptoassets mentioned in sub-paragraph <ref href="#d28e54806">(1)</ref> of that paragraph;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-relevant-crypto-wallet-freezing-order">the relevant crypto wallet freezing order</term>”, in relation to converted cryptoassets detained under paragraph <ref href="#d28e54802">10Z7DE</ref>, means the crypto wallet freezing order mentioned in sub-paragraph <ref href="#d28e54806">(1)</ref> of that paragraph.</p></content></hcontainer></subparagraph></paragraph></hcontainer></part></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-10-paragraph-3" class="schProv1"><num>3</num><content><p><mod>In Part 1, in paragraph 1(1) (terrorist cash), for “and 4B” substitute <quotedText>“to <ref href="#d28e53971">4BD</ref>”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-10-paragraph-4" class="schProv1"><num>4</num><content><p><mod>In Part 4B (forfeiture of terrorist money held in bank and building society accounts), after paragraph 10Z6 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="crossheading" class="schGroup7"><heading>Victims etc</heading><paragraph class="schProv1"><num>10Z6A</num><subparagraph><num>(1)</num><content><p>A person who claims that money in respect of which an account freezing order has effect belongs to them may apply to the relevant court for the money to be released.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>The application may be made in the course of proceedings under paragraph 10S or 10Z2 or at any other time.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>The court may, subject to sub-paragraph <ref href="#d28e56002">(7)</ref>, order the money to which the application relates to be released to the applicant if it appears to the court that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the money to which the application relates, or of property which it represents, by criminal conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the money the applicant was deprived of was not, immediately before the applicant was deprived of it, property obtained by or in return for criminal conduct and nor did it then represent such property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the money belongs to the applicant.</p></content></level></subparagraph><subparagraph eId="d28e55939"><num>(4)</num><content><p>If sub-paragraph <ref href="#d28e55951">(5)</ref> applies, the court may, subject to sub-paragraph <ref href="#d28e56002">(7)</ref>, order the money to which the application relates to be released to the applicant.</p></content></subparagraph><subparagraph eId="d28e55951"><num>(5)</num><intro><p>This sub-paragraph applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the money to which the application relates was seized,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the court that the money belongs to the applicant,</p></content></level><level class="para1"><num>(c)</num><content><p>the court is satisfied that the release condition is met in relation to the money, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under sub-paragraph <ref href="#d28e55939">(4)</ref> has been made by the person from whom the money was seized.</p></content></level></subparagraph><subparagraph><num>(6)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to money held in a frozen account, if the conditions for making an order under paragraph 10S in relation to the money are no longer met, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to money held in a frozen account which is subject to an application for forfeiture under paragraph 10Z2, if the court or sheriff decides not to make an order under that paragraph in relation to the money.</p></content></level></subparagraph><subparagraph eId="d28e56002"><num>(7)</num><intro><p>Money is not to be released under this paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>if an account forfeiture notice under paragraph 10W is given in respect of the money, until any proceedings in pursuance of the notice (including any proceedings on appeal) are concluded;</p></content></level><level class="para1"><num>(b)</num><content><p>if an application for its forfeiture under paragraph 10Z2, is made, until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded;</p></content></level><level class="para1"><num>(c)</num><content><p>if (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the cash is connected, until the proceedings are concluded.</p></content></level></subparagraph><subparagraph><num>(8)</num><content><p>In relation to money held in an account that is subject to an account freezing order, references in this paragraph to a person from whom money was seized include a reference to a person by or for whom the account was operated immediately before the account freezing order was made.</p></content></subparagraph></paragraph></hcontainer></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-10-paragraph-5" class="schProv1"><num>5</num><content><p><mod>In Part 6, in paragraph 19(1), at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” has the meaning given by paragraph <ref href="#d28e50068">10Z7A</ref><ref href="#d28e50072">(1)</ref>;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet">crypto wallet</term>” has the meaning given by paragraph <ref href="#d28e50068">10Z7A</ref><ref href="#d28e50072">(1)</ref>;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-justice-of-the-peace">justice of the peace</term>”, in relation to Northern Ireland, means lay magistrate;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-terrorist-cryptoasset">terrorist cryptoasset</term>” has the meaning given by paragraph <ref href="#d28e50068">10Z7A</ref><ref href="#d28e50072">(1)</ref>;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph></part><part eId="schedule-10-part-2"><num>PART 2</num><heading>Amendments to the Terrorism Act 2000</heading><paragraph eId="schedule-10-paragraph-6" class="schProv1"><num>6</num><content><p>The Terrorism Act 2000 is amended as follows.</p></content></paragraph><paragraph eId="schedule-10-paragraph-7" class="schProv1"><num>7</num><intro><p>In Schedule 6 (financial information)—</p></intro><level class="para1" eId="schedule-10-paragraph-7-a"><num>(a)</num><intro><p>in paragraph 6(1) (meaning of financial institution)—</p></intro><level class="para2" eId="schedule-10-paragraph-7-a-i"><num>(i)</num><content><p>omit the “and” after paragraph (ha), and</p></content></level><level class="para2" eId="schedule-10-paragraph-7-a-ii"><num>(ii)</num><content><p><mod>after paragraph (i) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(j)</num><content><p>a cryptoasset exchange provider, and</p></content></level><level class="para1"><num>(k)</num><content><p>a custodian wallet provider.</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="schedule-10-paragraph-7-b"><num>(b)</num><content><p><mod>after paragraph 6(1AA) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(1AB)</num><intro><p>For the purposes of sub-paragraph (1)(j), “<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para1"><num>(a)</num><content><p>exchanging or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets,</p></content></level><level class="para1"><num>(b)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another, or</p></content></level><level class="para1"><num>(c)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets.</p></content></level></subparagraph><subparagraph><num>(1AC)</num><intro><p>For the purposes of sub-paragraph (1)(k), “<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para1"><num>(b)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets.</p></content></level></subparagraph><subparagraph><num>(1AD)</num><content><p>For the purposes of sub-paragraphs (1AB) and (1AC), “<term refersTo="#term-cryptoasset">cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically.</p></content></subparagraph><subparagraph><num>(1AE)</num><intro><p>For the purposes of sub-paragraph (1AB)—</p></intro><level class="para1"><num>(a)</num><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, the cryptoasset;</p></content></level><level class="para1"><num>(b)</num><intro><p>“<term refersTo="#term-money">money</term>” means—</p></intro><level class="para2"><num>(i)</num><content><p>money in sterling,</p></content></level><level class="para2"><num>(ii)</num><content><p>money in any other currency, or</p></content></level><level class="para2"><num>(iii)</num><content><p>money in any other medium of exchange,</p></content></level><wrapUp><p>but does not include a cryptoasset.</p></wrapUp></level></subparagraph><subparagraph><num>(1AF)</num><content><p>The Secretary of State may by regulations amend the definitions in sub-paragraphs (1AB) to (1AE).”</p></content></subparagraph></quotedStructure></mod></p></content></level></paragraph><paragraph eId="schedule-10-paragraph-8" class="schProv1"><num>8</num><content><p><mod>In section 123 (orders and regulations), after subsection (6ZE) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6ZF)</num><content><p>Regulations under paragraph 6(1AF) of Schedule 6 may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</p></content></subsection></quotedStructure></mod></p></content></paragraph></part></hcontainer>
<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-10-part-1"><num>PART 1</num><heading>Amendments to the Anti-terrorism, Crime and Security Act 2001</heading><paragraph eId="schedule-10-paragraph-1" class="schProv1"><num>1</num><content><p>Schedule 1 to the Anti-terrorism, Crime and Security Act 2001 (forfeiture of terrorist property) is amended as follows.</p></content></paragraph><paragraph eId="schedule-10-paragraph-2" class="schProv1"><num>2</num><content><p><mod>After Part 4B insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><part eId="d28e50060"><num>PART 4BA</num><heading>Seizure and detention of terrorist cryptoassets</heading><hcontainer name="crossheading" class="schGroup7"><heading>Interpretation</heading><paragraph eId="d28e50068" class="schProv1"><num>10Z7A</num><subparagraph eId="d28e50072"><num>(1)</num><intro><p>In this Schedule—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-crypto-wallet">crypto wallet</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>software,</p></content></level><level class="para1"><num>(b)</num><content><p>hardware,</p></content></level><level class="para1"><num>(c)</num><content><p>a physical item, or</p></content></level><level class="para1"><num>(d)</num><content><p>any combination of the things mentioned in paragraphs <ref href="#d28e50095">(a)</ref> to <ref href="#d28e50103">(c)</ref>,</p></content></level><wrapUp><p>which is used to store the cryptographic private key that allows cryptoassets to be accessed;</p></wrapUp></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-terrorist-cryptoasset">terrorist cryptoasset</term>” means a cryptoasset which—</p></intro><level class="para1"><num>(a)</num><content><p>is within subsection (1)(a) or (b) of section 1, or</p></content></level><level class="para1"><num>(b)</num><content><p>is earmarked as terrorist property.</p></content></level></hcontainer></subparagraph><subparagraph eId="d28e50134"><num>(2)</num><content><p>The Secretary of State may by regulations made by statutory instrument amend the definitions of “cryptoasset” and “crypto wallet” in sub-paragraph <ref href="#d28e50072">(1)</ref>.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>Regulations under sub-paragraph <ref href="#d28e50134">(2)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>may make different provision for different purposes;</p></content></level><level class="para1"><num>(b)</num><content><p>may make consequential, supplementary, incidental, transitional, transitory or saving provision.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>A statutory instrument containing regulations under sub-paragraph <ref href="#d28e50134">(2)</ref> may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</p></content></subparagraph><subparagraph eId="d28e50173"><num>(5)</num><intro><p>In this Part—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset-related-item">cryptoasset-related item</term>” means an item of property that is, or that contains or gives access to information that is, likely to assist in the seizure under this Part of terrorist cryptoassets;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-senior-officer">senior officer</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a senior police officer;</p></content></level><level class="para1"><num>(b)</num><content><p>an officer of Revenue and Customs of a rank designated by the Commissioners for His Majesty’s Revenue and Customs as equivalent to that of a senior police officer;</p></content></level><level class="para1"><num>(c)</num><content><p>an immigration officer of a rank designated by the Secretary of State as equivalent to that of a senior police officer;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-police-officer">senior police officer</term>” means a police officer of at least the rank of superintendent.</p></content></hcontainer></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Seizure of cryptoasset-related items</heading><paragraph eId="d28e50217" class="schProv1"><num>10Z7AA</num><subparagraph eId="d28e50221"><num>(1)</num><content><p>An authorised officer may seize any item of property if the authorised officer has reasonable grounds for suspecting that the item is a cryptoasset-related item.</p></content></subparagraph><subparagraph eId="d28e50227"><num>(2)</num><intro><p>If an authorised officer is lawfully on any premises, the officer may, for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>determining whether any property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>enabling or facilitating the seizure under this Part of any terrorist cryptoasset,</p></content></level><wrapUp><p>require any information which is stored in any electronic form and accessible from the premises to be produced in a form in which it can be taken away and in which it is visible and legible, or from which it can readily be produced in a visible and legible form.</p></wrapUp></subparagraph><subparagraph><num>(3)</num><content><p>But sub-paragraph <ref href="#d28e50227">(2)</ref> does not authorise an authorised officer to require a person to produce privileged information.</p></content></subparagraph><subparagraph><num>(4)</num><intro><p>In this paragraph “<term refersTo="#term-privileged-information">privileged information</term>” means information which a person would be entitled to refuse to provide—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, on grounds of legal professional privilege in proceedings in the High Court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, on grounds of confidentiality of communications in proceedings in the Court of Session.</p></content></level></subparagraph><subparagraph><num>(5)</num><intro><p>Where an authorised officer has seized a cryptoasset-related item under sub-paragraph <ref href="#d28e50221">(1)</ref>, the officer may use any information obtained from the item for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>identifying or gaining access to a crypto wallet, and</p></content></level><level class="para1"><num>(b)</num><content><p>by doing so, enabling or facilitating the seizure under this Part of any cryptoassets.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Initial detention of cryptoasset-related items</heading><paragraph class="schProv1"><num>10Z7AB</num><subparagraph eId="d28e50305"><num>(1)</num><content><p>Property seized under paragraph <ref href="#d28e50217">10Z7AA</ref> may be detained for an initial period of 48 hours.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Sub-paragraph <ref href="#d28e50305">(1)</ref> authorises the detention of property only for so long as an authorised officer continues to have reasonable grounds for suspicion in relation to that property as described in paragraph <ref href="#d28e50217">10Z7AA</ref><ref href="#d28e50221">(1)</ref>.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>In calculating a period of 48 hours for the purposes of this paragraph, no account is to be taken of—</p></intro><level class="para1"><num>(a)</num><content><p>any Saturday or Sunday,</p></content></level><level class="para1"><num>(b)</num><content><p>Christmas Day,</p></content></level><level class="para1"><num>(c)</num><content><p>Good Friday,</p></content></level><level class="para1"><num>(d)</num><content><p>any day that is a bank holiday under the Banking and Financial Dealings Act 1971 in the part of the United Kingdom within which the property is seized, or</p></content></level><level class="para1"><num>(e)</num><content><p>any day prescribed by virtue of section 8(2) of the Criminal Procedure (Scotland) Act 1995 as a court holiday in a sheriff court in the sheriff court district within which the property is seized.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Further detention of cryptoasset-related items</heading><paragraph eId="d28e50367" class="schProv1"><num>10Z7AC</num><subparagraph eId="d28e50371"><num>(1)</num><intro><p>The period for which property seized under paragraph <ref href="#d28e50217">10Z7AA</ref> may be detained may be extended by an order made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, by a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, by the sheriff.</p></content></level></subparagraph><subparagraph><num>(2)</num><intro><p>An order under sub-paragraph <ref href="#d28e50371">(1)</ref> may not authorise the detention of any property—</p></intro><level class="para1"><num>(a)</num><content><p>beyond the end of the period of 6 months beginning with the date of the order, and</p></content></level><level class="para1" eId="d28e50407"><num>(b)</num><content><p>in the case of any further order under this paragraph, beyond the end of the period of 2 years beginning with the date of the first order; but this is subject to sub-paragraph <ref href="#d28e50425">(4)</ref>.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>A justice of the peace may also exercise the power of a magistrates’ court to make the first order under sub-paragraph <ref href="#d28e50371">(1)</ref>.</p></content></subparagraph><subparagraph eId="d28e50425"><num>(4)</num><content><p>The court or sheriff may make an order for the period of 2 years in sub-paragraph <ref href="#d28e50407">(2)(b)</ref> to be extended to a period of up to 3 years beginning with the date of the first order.</p></content></subparagraph><subparagraph><num>(5)</num><intro><p>An application to a magistrates’ court, a justice of the peace or the sheriff to make the first order under sub-paragraph <ref href="#d28e50371">(1)</ref> extending a particular period of detention—</p></intro><level class="para1"><num>(a)</num><content><p>may be made and heard without notice of the application or hearing having been given to any of the persons affected by the application or to the legal representatives of such a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>may be heard and determined in private in the absence of persons so affected and of their legal representatives.</p></content></level></subparagraph><subparagraph eId="d28e50455"><num>(6)</num><intro><p>An application for an order under sub-paragraph <ref href="#d28e50371">(1)</ref> or <ref href="#d28e50425">(4)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, by the Commissioners for His Majesty’s Revenue and Customs or an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, by a procurator fiscal.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>The court, sheriff or justice may make an order under sub-paragraph <ref href="#d28e50371">(1)</ref> if satisfied, in relation to the item of property to be further detained, that—</p></intro><level class="para1"><num>(a)</num><content><p>there are reasonable grounds for suspecting that it is a cryptoasset-related item, and</p></content></level><level class="para1"><num>(b)</num><content><p>its continuing detention is justified.</p></content></level></subparagraph><subparagraph eId="d28e50500"><num>(8)</num><content><p>The court or sheriff may make an order under sub-paragraph <ref href="#d28e50425">(4)</ref> if satisfied that a request for assistance is outstanding in relation to the item of property to be further detained.</p></content></subparagraph><subparagraph><num>(9)</num><intro><p>A “request for assistance” in sub-paragraph <ref href="#d28e50500">(8)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the property to be further detained, made —</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an authorised officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Schedule, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A of the Proceeds of Crime Act 2002 (evidence overseas).</p></content></level></subparagraph><subparagraph><num>(10)</num><content><p>An order under sub-paragraph <ref href="#d28e50371">(1)</ref> must provide for notice to be given to persons affected by the order.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Seizure of cryptoassets</heading><paragraph eId="d28e50554" class="schProv1"><num>10Z7AD</num><subparagraph eId="d28e50558"><num>(1)</num><content><p>An authorised officer may seize cryptoassets if the authorised officer has reasonable grounds for suspecting that the cryptoassets are terrorist cryptoassets.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>The circumstances in which a cryptoasset is “<term refersTo="#term-seized">seized</term>” for the purposes of sub-paragraph <ref href="#d28e50558">(1)</ref> include circumstances in which it is transferred into a crypto wallet controlled by the authorised officer.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Prior authorisation for detention of cryptoassets</heading><paragraph eId="d28e50579" class="schProv1"><num>10Z7AE</num><subparagraph><num>(1)</num><content><p>Where an order is made under paragraph <ref href="#d28e50367">10Z7AC</ref> in respect of a cryptoasset-related item, the court, sheriff or justice making the order may, at the same time, make an order to authorise the detention of any cryptoassets that may be seized as a result of information obtained from that item.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>An application for an order under this paragraph may be made, by a person mentioned in paragraph <ref href="#d28e50367">10Z7AC</ref><ref href="#d28e50455">(6)</ref>, at the same time as an application for an order under paragraph <ref href="#d28e50367">10Z7AC</ref> is made by that person.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>The court, sheriff or justice may make an order under this paragraph if satisfied that there are reasonable grounds for suspecting that the cryptoassets that may be seized are terrorist cryptoassets.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>An order under this paragraph authorises detention of the cryptoassets for the same period of time as the order under paragraph <ref href="#d28e50367">10Z7AC</ref> authorises detention in respect of the cryptoasset-related item to which those cryptoassets relate.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Initial detention of cryptoassets</heading><paragraph eId="d28e50624" class="schProv1"><num>10Z7AF</num><subparagraph eId="d28e50628"><num>(1)</num><content><p>Cryptoassets seized under paragraph <ref href="#d28e50554">10Z7AD</ref> may be detained for an initial period of 48 hours.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Sub-paragraph <ref href="#d28e50628">(1)</ref> authorises the detention of cryptoassets only for so long as an authorised officer continues to have reasonable grounds for suspicion in relation to those cryptoassets as described in paragraph <ref href="#d28e50554">10Z7AD</ref><ref href="#d28e50558">(1)</ref>.</p></content></subparagraph><subparagraph eId="d28e50651"><num>(3)</num><intro><p>In calculating a period of 48 hours for the purposes of this paragraph, no account is to be taken of—</p></intro><level class="para1"><num>(a)</num><content><p>any Saturday or Sunday,</p></content></level><level class="para1"><num>(b)</num><content><p>Christmas Day,</p></content></level><level class="para1"><num>(c)</num><content><p>Good Friday,</p></content></level><level class="para1"><num>(d)</num><content><p>any day that is a bank holiday under the Banking and Financial Dealings Act 1971 in the part of the United Kingdom within which the property is seized, or</p></content></level><level class="para1"><num>(e)</num><content><p>any day prescribed by virtue of section 8(2) of the Criminal Procedure (Scotland) Act 1995 as a court holiday in a sheriff court in the sheriff court district within which the property is seized.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>This paragraph is subject to paragraph <ref href="#d28e50579">10Z7AE</ref>.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Further detention of cryptoassets</heading><paragraph eId="d28e50699" class="schProv1"><num>10Z7AG</num><subparagraph eId="d28e50703"><num>(1)</num><intro><p>The period for which cryptoassets seized under paragraph <ref href="#d28e50554">10Z7AD</ref> may be detained may be extended by an order made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, by a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, by the sheriff.</p></content></level></subparagraph><subparagraph><num>(2)</num><intro><p>An order under sub-paragraph <ref href="#d28e50703">(1)</ref> may not authorise the detention of any cryptoassets—</p></intro><level class="para1"><num>(a)</num><content><p>beyond the end of the period of 6 months beginning with the date of the order, and</p></content></level><level class="para1" eId="d28e50739"><num>(b)</num><content><p>in the case of any further order under this paragraph, beyond the end of the period of 2 years beginning with the date of the first order; but this is subject to sub-paragraph <ref href="#d28e50757">(4)</ref>.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>A justice of the peace may also exercise the power of a magistrates’ court to make the first order under sub-paragraph <ref href="#d28e50703">(1)</ref>.</p></content></subparagraph><subparagraph eId="d28e50757"><num>(4)</num><content><p>The court or sheriff may make an order for the period of 2 years in sub-paragraph <ref href="#d28e50739">(2)(b)</ref> to be extended to a period of up to 3 years beginning with the date of the first order.</p></content></subparagraph><subparagraph><num>(5)</num><intro><p>An application to a magistrates’ court, a justice of the peace or the sheriff to make the first order under sub-paragraph <ref href="#d28e50703">(1)</ref> extending a particular period of detention—</p></intro><level class="para1"><num>(a)</num><content><p>may be made and heard without notice of the application or hearing having been given to any of the persons affected by the application or to the legal representatives of such a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>may be heard and determined in private in the absence of persons so affected and of their legal representatives.</p></content></level></subparagraph><subparagraph><num>(6)</num><intro><p>An application for an order under sub-paragraph <ref href="#d28e50703">(1)</ref> or <ref href="#d28e50757">(4)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, by the Commissioners for His Majesty’s Revenue and Customs or an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, by a procurator fiscal.</p></content></level></subparagraph><subparagraph><num>(7)</num><content><p>The court, sheriff or justice may make an order under sub-paragraph <ref href="#d28e50703">(1)</ref> if satisfied, in relation to the cryptoassets to be further detained, that condition 1, condition 2 or condition 3 is met.</p></content></subparagraph><subparagraph><num>(8)</num><intro><p>Condition 1 is that there are reasonable grounds for suspecting that the cryptoassets are intended to be used for the purposes of terrorism and that either—</p></intro><level class="para1"><num>(a)</num><content><p>their continued detention is justified while their intended use is further investigated or consideration is given to bringing (in the United Kingdom or elsewhere) proceedings against any person for an offence with which the cryptoassets are connected, or</p></content></level><level class="para1"><num>(b)</num><content><p>proceedings against any person for an offence with which the cryptoassets are connected have been started and have not been concluded.</p></content></level></subparagraph><subparagraph><num>(9)</num><intro><p>Condition 2 is that there are reasonable grounds for suspecting that the cryptoassets consist of resources of an organisation which is a proscribed organisation and that either—</p></intro><level class="para1"><num>(a)</num><content><p>their continued detention is justified while investigation is made into whether or not they consist of such resources or consideration is given to bringing (in the United Kingdom or elsewhere) proceedings against any person for an offence with which the cryptoassets are connected, or</p></content></level><level class="para1"><num>(b)</num><content><p>proceedings against any person for an offence with which the cryptoassets are connected have been started and have not been concluded.</p></content></level></subparagraph><subparagraph><num>(10)</num><intro><p>Condition 3 is that there are reasonable grounds for suspecting that the cryptoassets are property earmarked as terrorist property and that either—</p></intro><level class="para1"><num>(a)</num><content><p>their continued detention is justified while their derivation is further investigated or consideration is given to bringing (in the United Kingdom or elsewhere) proceedings against any person for an offence with which the cryptoassets are connected, or</p></content></level><level class="para1"><num>(b)</num><content><p>proceedings against any person for an offence with which the cryptoassets are connected have been started and have not been concluded.</p></content></level></subparagraph><subparagraph eId="d28e50874"><num>(11)</num><content><p>The court or sheriff may make an order under sub-paragraph <ref href="#d28e50757">(4)</ref> if satisfied that a request for assistance is outstanding in relation to the cryptoassets to be further detained.</p></content></subparagraph><subparagraph><num>(12)</num><intro><p>A “request for assistance” in sub-paragraph <ref href="#d28e50874">(11)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the property to be further detained, made —</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an authorised officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Schedule, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A of the Proceeds of Crime Act 2002 (evidence overseas).</p></content></level></subparagraph><subparagraph><num>(13)</num><content><p>An order under sub-paragraph <ref href="#d28e50703">(1)</ref> must provide for notice to be given to persons affected by the order.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Safekeeping of cryptoasset-related items and cryptoassets</heading><paragraph class="schProv1"><num>10Z7AH</num><subparagraph><num>(1)</num><content><p>An authorised officer must arrange for any item of property seized under paragraph <ref href="#d28e50217">10Z7AA</ref> to be safely stored throughout the period during which it is detained under this Part.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>An authorised officer must arrange for any cryptoassets seized under paragraph <ref href="#d28e50554">10Z7AD</ref> to be safely stored throughout the period during which they are detained under this Part.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Release of cryptoasset-related items and cryptoassets</heading><paragraph class="schProv1"><num>10Z7AI</num><subparagraph><num>(1)</num><content><p>This paragraph applies while any cryptoasset or other item of property is detained under this Part.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>A magistrates’ court or (in Scotland) the sheriff may, subject to sub-paragraph <ref href="#d28e51117">(9)</ref>, direct the release of the whole or any part of the property if the following condition is met.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>The condition is that the court or sheriff is satisfied, on an application by the person from whom the property was seized, that the conditions for the detention of the property in this Part are no longer met in relation to the property to be released.</p></content></subparagraph><subparagraph eId="d28e50980"><num>(4)</num><content><p>A person within sub-paragraph <ref href="#d28e50992">(5)</ref> may, subject to sub-paragraph <ref href="#d28e51117">(9)</ref> and after notifying the magistrates’ court, sheriff or justice under whose order property is being detained, release the whole or any part of the property if satisfied that the detention of the property to be released is no longer justified.</p></content></subparagraph><subparagraph eId="d28e50992"><num>(5)</num><intro><p>The following persons are within this sub-paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, a procurator fiscal.</p></content></level></subparagraph><subparagraph eId="d28e51010"><num>(6)</num><intro><p>If any cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, an authorised officer may—</p></intro><level class="para1"><num>(a)</num><content><p>retain the item and deal with it as they see fit,</p></content></level><level class="para1"><num>(b)</num><content><p>dispose of the item, or</p></content></level><level class="para1"><num>(c)</num><content><p>destroy the item.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>The powers in sub-paragraph <ref href="#d28e51010">(6)</ref> may be exercised only—</p></intro><level class="para1"><num>(a)</num><intro><p>where the authorised officer has taken reasonable steps to notify—</p></intro><level class="para2"><num>(i)</num><content><p>the person from whom the item was seized, and</p></content></level><level class="para2"><num>(ii)</num><content><p>any other persons who the authorised officer has reasonable grounds to believe have an interest in the item,</p></content></level><wrapUp><p>that the item has been released, and</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>with the approval of a senior officer.</p></content></level></subparagraph><subparagraph><num>(8)</num><intro><p>Any proceeds of a disposal of the item are to be paid—</p></intro><level class="para1"><num>(a)</num><intro><p>into the Consolidated Fund if—</p></intro><level class="para2"><num>(i)</num><content><p>the item was directed to be released by a magistrates’ court, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a magistrates’ court or justice was notified under sub-paragraph <ref href="#d28e50980">(4)</ref> of the release;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>into the Scottish Consolidated Fund if—</p></intro><level class="para2"><num>(i)</num><content><p>the item was directed to be released by the sheriff, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the sheriff was notified under sub-paragraph <ref href="#d28e50980">(4)</ref> of the release.</p></content></level></level></subparagraph><subparagraph eId="d28e51117"><num>(9)</num><content><p>If (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the property is connected, the property is not to be released under this paragraph (and so is to continue to be detained) until the proceedings are concluded.</p></content></subparagraph></paragraph></hcontainer></part><part eId="d28e51123"><num>PART 4BB</num><heading>Terrorist cryptoassets: crypto wallet freezing orders</heading><hcontainer name="crossheading" class="schGroup7"><heading>Interpretation</heading><paragraph eId="d28e51131" class="schProv1"><num>10Z7B</num><subparagraph eId="d28e51135"><num>(1)</num><intro><p>In this Part—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para2"><num>(i)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets,</p></content></level><level class="para2"><num>(ii)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another, or</p></content></level><level class="para2"><num>(iii)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>“<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para2"><num>(i)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para2"><num>(ii)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets;</p></content></level></level><level class="para1"><num>(c)</num><content><p>“<term refersTo="#term-cryptoasset-service-provider">cryptoasset service provider</term>” includes cryptoasset exchange provider and custodian wallet provider.</p></content></level></subparagraph><subparagraph eId="d28e51198"><num>(2)</num><intro><p>In the definition of “cryptoasset exchange provider” in sub-paragraph <ref href="#d28e51135">(1)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, a cryptoasset;</p></content></level><level class="para1"><num>(b)</num><intro><p>“<term refersTo="#term-money">money</term>” means—</p></intro><level class="para2"><num>(i)</num><content><p>money in sterling,</p></content></level><level class="para2"><num>(ii)</num><content><p>money in any other currency, or</p></content></level><level class="para2"><num>(iii)</num><content><p>money in any other medium of exchange,</p></content></level><wrapUp><p>but does not include a cryptoasset.</p></wrapUp></level></subparagraph><subparagraph eId="d28e51245"><num>(3)</num><content><p>The Secretary of State may by regulations made by statutory instrument amend the definitions in sub-paragraphs <ref href="#d28e51135">(1)</ref> and <ref href="#d28e51198">(2)</ref>.</p></content></subparagraph><subparagraph><num>(4)</num><intro><p>Regulations under sub-paragraph <ref href="#d28e51245">(3)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>may make different provision for different purposes;</p></content></level><level class="para1"><num>(b)</num><content><p>may make consequential, supplementary, incidental, transitional, transitory or saving provision.</p></content></level></subparagraph><subparagraph><num>(5)</num><content><p>A statutory instrument containing regulations under sub-paragraph <ref href="#d28e51245">(3)</ref> may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</p></content></subparagraph><subparagraph eId="d28e51287"><num>(6)</num><intro><p>For the purposes of this Part—</p></intro><level class="para1"><num>(a)</num><intro><p>a crypto wallet freezing order is an order that, subject to any exclusions (see paragraph <ref href="#d28e51624">10Z7BD</ref>), prohibits each person by or for whom the crypto wallet to which the order applies is administered from—</p></intro><level class="para2"><num>(i)</num><content><p>making withdrawals or payments from the crypto wallet, or</p></content></level><level class="para2"><num>(ii)</num><content><p>using the crypto wallet in any other way;</p></content></level></level><level class="para1" eId="d28e51314"><num>(b)</num><content><p>a crypto wallet is administered by or for a person if the person is the person to whom services are being provided by a cryptoasset service provider in relation to that crypto wallet.</p></content></level></subparagraph><subparagraph eId="d28e51320"><num>(7)</num><intro><p>In this Part—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-enforcement-officer">enforcement officer</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a constable, or</p></content></level><level class="para1"><num>(b)</num><content><p>a counter-terrorism financial investigator;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-relevant-court">relevant court</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, a magistrates’ court, and</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, the sheriff;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” means a police officer of at least the rank of superintendent;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-uk-connected-cryptoasset-service-provider">UK-connected cryptoasset service provider</term>” means a cryptoasset service provider which—</p></intro><level class="para1"><num>(a)</num><content><p>is acting in the course of business carried on by it in the United Kingdom,</p></content></level><level class="para1"><num>(b)</num><content><p>has terms and conditions with the persons to whom it provides services which provide for a legal dispute to be litigated in the courts of a part of the United Kingdom,</p></content></level><level class="para1"><num>(c)</num><content><p>holds, in the United Kingdom, any data relating to the persons to whom it provides services, or</p></content></level><level class="para1"><num>(d)</num><content><p>meets the condition in sub-paragraph <ref href="#d28e51393">(8)</ref>.</p></content></level></hcontainer></subparagraph><subparagraph eId="d28e51393"><num>(8)</num><intro><p>The condition in this sub-paragraph is that—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider has its registered office, or if it does not have one, its head office in the United Kingdom, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in the United Kingdom.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Application for crypto wallet freezing order</heading><paragraph eId="d28e51414" class="schProv1"><num>10Z7BA</num><subparagraph><num>(1)</num><content><p>This paragraph applies if an enforcement officer has reasonable grounds for suspecting that cryptoassets held in a crypto wallet administered by a UK-connected cryptoasset service provider are terrorist cryptoassets.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Where this paragraph applies the enforcement officer may apply to the relevant court for a crypto wallet freezing order in relation to the crypto wallet in which the cryptoassets are held.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>an enforcement officer may not apply for a crypto wallet freezing order unless the officer is a senior officer or is authorised to do so by a senior officer, and</p></content></level><level class="para1"><num>(b)</num><content><p>the senior officer must consult the Treasury before making the application for the order or (as the case may be) authorising the application to be made, unless in the circumstances it is not reasonably practicable to do so.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>An application for a crypto wallet freezing order may be made without notice if the circumstances of the case are such that notice of the application would prejudice the taking of any steps under this Schedule to forfeit cryptoassets that are terrorist cryptoassets.</p></content></subparagraph><subparagraph><num>(5)</num><intro><p>An application for a crypto wallet freezing order under this paragraph may be combined with an application for an account freezing order under paragraph 10Q where a single entity—</p></intro><level class="para1"><num>(a)</num><content><p>is both a relevant financial institution for the purposes of paragraph 10Q and a cryptoasset service provider for the purposes of this Part, and</p></content></level><level class="para1"><num>(b)</num><content><p>operates or administers, for the same person, both an account holding money and a crypto wallet.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Making of crypto wallet freezing order</heading><paragraph eId="d28e51475" class="schProv1"><num>10Z7BB</num><subparagraph><num>(1)</num><content><p>This paragraph applies where an application for a crypto wallet freezing order is made under paragraph <ref href="#d28e51414">10Z7BA</ref> in relation to a crypto wallet.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>The relevant court may make the order if satisfied that there are reasonable grounds for suspecting that some or all of the cryptoassets held in the crypto wallet are terrorist cryptoassets.</p></content></subparagraph><subparagraph eId="d28e51494"><num>(3)</num><content><p>A crypto wallet freezing order ceases to have effect at the end of the period specified in the order (which may be varied under paragraph <ref href="#d28e51578">10Z7BC</ref>) unless it ceases to have effect at an earlier or later time in accordance with this Part or Part 4BC or 4BD.</p></content></subparagraph><subparagraph eId="d28e51503"><num>(4)</num><content><p>The period specified by the relevant court for the purposes of sub-paragraph <ref href="#d28e51494">(3)</ref> (whether when the order is first made or on a variation under paragraph <ref href="#d28e51578">10Z7BC</ref>) may not exceed the period of 2 years, beginning with the day on which the crypto wallet freezing order is (or was) made; but this is subject to sub-paragraph <ref href="#d28e51518">(5)</ref>.</p></content></subparagraph><subparagraph eId="d28e51518"><num>(5)</num><content><p>The relevant court may make an order for the period of 2 years in sub-paragraph <ref href="#d28e51503">(4)</ref> to be extended to a period of up to 3 years beginning with the day on which the crypto wallet freezing order is (or was) made.</p></content></subparagraph><subparagraph eId="d28e51527"><num>(6)</num><content><p>The relevant court may make an order under sub-paragraph <ref href="#d28e51518">(5)</ref> if satisfied that a request for assistance is outstanding in relation to some or all of the cryptoassets held in the crypto wallet.</p></content></subparagraph><subparagraph><num>(7)</num><intro><p>A “request for assistance” in sub-paragraph <ref href="#d28e51527">(6)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with some or all of the cryptoassets held in the crypto wallet, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an enforcement officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Schedule, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A of the Proceeds of Crime Act 2002 (evidence overseas).</p></content></level></subparagraph><subparagraph><num>(8)</num><content><p>A crypto wallet freezing order must provide for notice to be given to persons affected by the order.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Variation and setting aside of crypto wallet freezing order</heading><paragraph eId="d28e51578" class="schProv1"><num>10Z7BC</num><subparagraph eId="d28e51582"><num>(1)</num><intro><p>The relevant court may at any time vary or set aside a crypto wallet freezing order on an application made by—</p></intro><level class="para1"><num>(a)</num><content><p>an enforcement officer, or</p></content></level><level class="para1"><num>(b)</num><content><p>any person affected by the order.</p></content></level></subparagraph><subparagraph><num>(2)</num><content><p>But an enforcement officer may not make an application under sub-paragraph <ref href="#d28e51582">(1)</ref> unless the officer is a senior officer or is authorised to do so by a senior officer.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>Before varying or setting aside a crypto wallet freezing order the court must (as well as giving the parties to the proceedings an opportunity to be heard) give such an opportunity to any person who may be affected by its decision.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>In relation to Scotland, the references in this paragraph to setting aside an order are to be read as references to recalling it.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Exclusions</heading><paragraph eId="d28e51624" class="schProv1"><num>10Z7BD</num><subparagraph><num>(1)</num><content><p>The power to vary a crypto wallet freezing order includes (amongst other things) power to make exclusions from the prohibition on making withdrawals or payments from the crypto wallet to which the order applies.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Exclusions from the prohibition may also be made when the order is made.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>An exclusion may (amongst other things) make provision for the purpose of enabling a person by or for whom the crypto wallet is administered—</p></intro><level class="para1"><num>(a)</num><content><p>to meet the person’s reasonable living expenses, or</p></content></level><level class="para1"><num>(b)</num><content><p>to carry on any trade, business, profession or occupation.</p></content></level></subparagraph><subparagraph eId="d28e51658"><num>(4)</num><content><p>An exclusion may be made subject to conditions.</p></content></subparagraph><subparagraph><num>(5)</num><intro><p>Where a magistrates’ court exercises the power to make an exclusion for the purpose of enabling a person to meet legal expenses that the person has incurred, or may incur, in respect of proceedings under this Schedule, it must ensure that the exclusion—</p></intro><level class="para1"><num>(a)</num><content><p>is limited to reasonable legal expenses that the person has reasonably incurred or that the person reasonably incurs,</p></content></level><level class="para1"><num>(b)</num><content><p>specifies the total amount that may be released for legal expenses in pursuance of the exclusion, and</p></content></level><level class="para1"><num>(c)</num><content><p>is made subject to the same conditions as would be the required conditions (see section 286A of the Proceeds of Crime Act 2002) if the order had been made under section 245A of that Act (in addition to any conditions imposed under sub-paragraph <ref href="#d28e51658">(4)</ref>).</p></content></level></subparagraph><subparagraph eId="d28e51691"><num>(6)</num><intro><p>A magistrates’ court, in deciding whether to make an exclusion for the purpose of enabling a person to meet legal expenses in respect of proceedings under this Schedule—</p></intro><level class="para1"><num>(a)</num><content><p>must have regard to the desirability of the person being represented in any proceedings under this Schedule in which the person is a participant, and</p></content></level><level class="para1"><num>(b)</num><intro><p>must disregard the possibility that legal representation of the person in any such proceedings might, were an exclusion not made—</p></intro><level class="para2"><num>(i)</num><content><p>be made available under arrangements made for the purposes of Part 1 of the Legal Aid, Sentencing and Punishment of Offenders Act 2012, or</p></content></level><level class="para2"><num>(ii)</num><content><p>be funded by the Department of Justice in Northern Ireland.</p></content></level></level></subparagraph><subparagraph><num>(7)</num><content><p>The sheriff’s power to make exclusions may not be exercised for the purpose of enabling any person to meet any legal expenses in respect of proceedings under this Schedule.</p></content></subparagraph><subparagraph><num>(8)</num><content><p>The power to make exclusions must, subject to sub-paragraph <ref href="#d28e51691">(6)</ref>, be exercised with a view to ensuring, so far as practicable, that there is not undue prejudice to the taking of any steps under this Schedule to forfeit cryptoassets that are terrorist cryptoassets.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Restriction on proceedings and remedies</heading><paragraph class="schProv1"><num>10Z7BE</num><subparagraph eId="d28e51743"><num>(1)</num><content><p>If a court in which proceedings are pending in respect of a crypto wallet administered by a UK-connected cryptoasset service provider is satisfied that a crypto wallet freezing order has been applied for or made in respect of the crypto wallet, it may either stay the proceedings or allow them to continue on any terms it thinks fit.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Before exercising the power conferred by sub-paragraph <ref href="#d28e51743">(1)</ref>, the court must (as well as giving the parties to any of the proceedings concerned an opportunity to be heard) give such an opportunity to any person who may be affected by the court’s decision.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>In relation to Scotland, the reference in sub-paragraph <ref href="#d28e51743">(1)</ref> to staying the proceedings is to be read as a reference to sisting the proceedings.</p></content></subparagraph></paragraph></hcontainer></part><part><num>PART 4BC</num><heading>Forfeiture of terrorist cryptoassets</heading><hcontainer name="crossheading" class="schGroup7"><heading>Interpretation</heading><paragraph class="schProv1"><num>10Z7C</num><subparagraph><num>(1)</num><intro><p>In this Part—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset-service-provider">cryptoasset service provider</term>” has the same meaning as in Part 4BB (see paragraph <ref href="#d28e51131">10Z7B</ref><ref href="#d28e51135">(1)</ref>);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet-freezing-order">crypto wallet freezing order</term>” has the same meaning as in Part 4BB (see paragraph <ref href="#d28e51131">10Z7B</ref><ref href="#d28e51287">(6)</ref>);</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-senior-officer">senior officer</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a senior police officer;</p></content></level><level class="para1"><num>(b)</num><content><p>an officer of Revenue and Customs of a rank designated by the Commissioners for His Majesty’s Revenue and Customs as equivalent to that of a senior police officer;</p></content></level><level class="para1"><num>(c)</num><content><p>an immigration officer of a rank designated by the Secretary of State as equivalent to that of a senior police officer;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-police-officer">senior police officer</term>” means a police officer of at least the rank of superintendent.</p></content></hcontainer></subparagraph><subparagraph><num>(2)</num><content><p>Paragraph <ref href="#d28e51131">10Z7B</ref><ref href="#d28e51314">(6)(b)</ref> (administration of crypto wallets) applies in relation to this Part as it applies in relation to Part <ref href="#d28e51123">4BB</ref>.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Forfeiture</heading><paragraph eId="d28e51854" class="schProv1"><num>10Z7CA</num><subparagraph eId="d28e51858"><num>(1)</num><intro><p>This paragraph applies—</p></intro><level class="para1"><num>(a)</num><content><p>while any cryptoassets are detained under Part 4BA, or</p></content></level><level class="para1"><num>(b)</num><content><p>while a crypto wallet freezing order made under paragraph <ref href="#d28e51475">10Z7BB</ref> has effect.</p></content></level></subparagraph><subparagraph eId="d28e51879"><num>(2)</num><intro><p>An application for the forfeiture of some or all of the cryptoassets that are detained or held in the crypto wallet that is subject to the crypto wallet freezing order may be made—</p></intro><level class="para1"><num>(a)</num><content><p>to a magistrates’ court by the Commissioners for His Majesty’s Revenue and Customs or an authorised officer, or</p></content></level><level class="para1"><num>(b)</num><content><p>to the sheriff by the Scottish Ministers.</p></content></level></subparagraph><subparagraph eId="d28e51897"><num>(3)</num><content><p>The court or sheriff may order the forfeiture of some or all of the cryptoassets if satisfied that the cryptoassets are terrorist cryptoassets.</p></content></subparagraph><subparagraph eId="d28e51903"><num>(4)</num><intro><p>An order under sub-paragraph <ref href="#d28e51897">(3)</ref> made by a magistrates’ court may provide for payment under paragraph <ref href="#d28e53390">10Z7CJ</ref> of reasonable legal expenses that a person has reasonably incurred, or may reasonably incur, in respect of—</p></intro><level class="para1"><num>(a)</num><content><p>the proceedings in which the order is made, or</p></content></level><level class="para1"><num>(b)</num><content><p>any related proceedings under this Part.</p></content></level></subparagraph><subparagraph eId="d28e51927"><num>(5)</num><intro><p>A sum in respect of a relevant item of expenditure is not payable under paragraph <ref href="#d28e53390">10Z7CJ</ref> in pursuance of provision under sub-paragraph <ref href="#d28e51903">(4)</ref> unless—</p></intro><level class="para1"><num>(a)</num><content><p>the person who applied for the order under sub-paragraph <ref href="#d28e51897">(3)</ref> agrees to its payment, or</p></content></level><level class="para1"><num>(b)</num><content><p>the court has assessed the amount allowed in respect of that item and the sum is paid in respect of the assessed amount.</p></content></level></subparagraph><subparagraph eId="d28e51954"><num>(6)</num><intro><p>For the purposes of sub-paragraph <ref href="#d28e51927">(5)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>a “relevant item of expenditure” is an item of expenditure to which regulations under section 286B of the Proceeds of Crime Act 2002 would apply if the order under sub-paragraph <ref href="#d28e51897">(3)</ref> had instead been a recovery order made under section 266 of that Act;</p></content></level><level class="para1"><num>(b)</num><content><p>an amount is “allowed” in respect of a relevant item of expenditure if it would have been allowed by those regulations;</p></content></level><level class="para1"><num>(c)</num><content><p>if the person who applied for the order under sub-paragraph <ref href="#d28e51897">(3)</ref> was an authorised officer, that person may not agree to the payment of a sum unless the person is a senior officer or is authorised to do so by a senior officer.</p></content></level></subparagraph><subparagraph><num>(7)</num><content><p>Sub-paragraph <ref href="#d28e51897">(3)</ref> ceases to apply on the transfer of an application made under this paragraph in accordance with paragraph <ref href="#d28e52610">10Z7CE</ref>.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Forfeiture: supplementary</heading><paragraph class="schProv1"><num>10Z7CB</num><subparagraph><num>(1)</num><content><p>Sub-paragraph <ref href="#d28e52018">(2)</ref> applies where an application is made under paragraph <ref href="#d28e51854">10Z7CA</ref> for the forfeiture of any cryptoassets detained under Part 4BA.</p></content></subparagraph><subparagraph eId="d28e52018"><num>(2)</num><content><p>The cryptoassets are to continue to be detained under Part 4BA (and may not be released under any power conferred by this Schedule) until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.</p><p>This is subject to Part <ref href="#d28e53971">4BD</ref> (conversion to money).</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>Where an application is made under paragraph <ref href="#d28e51854">10Z7CA</ref> in relation to cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order—</p></intro><level class="para1"><num>(a)</num><content><p>sub-paragraphs <ref href="#d28e52065">(4)</ref> and <ref href="#d28e52093">(5)</ref> apply, and</p></content></level><level class="para1"><num>(b)</num><content><p>the crypto wallet freezing order is to continue to have effect until the time referred to in sub-paragraph <ref href="#d28e52065">(4)</ref><ref href="#d28e52087">(b)</ref> or <ref href="#d28e52093">(5)</ref>.</p></content></level></subparagraph><subparagraph eId="d28e52065"><num>(4)</num><intro><p>Where the cryptoassets are ordered to be forfeited under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref> or <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52650">(3)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider that administers the crypto wallet must transfer the cryptoassets into a crypto wallet nominated by an authorised officer, and</p></content></level><level class="para1" eId="d28e52087"><num>(b)</num><content><p>immediately after the transfer has been made, the freezing order ceases to have effect.</p></content></level></subparagraph><subparagraph eId="d28e52093"><num>(5)</num><content><p>Where the application is determined or otherwise disposed of other than by the making of an order under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref> or <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52650">(3)</ref>, the crypto wallet freezing order ceases to have effect immediately after that determination or other disposal.</p></content></subparagraph><subparagraph><num>(6)</num><content><p>Sub-paragraphs <ref href="#d28e52065">(4)</ref><ref href="#d28e52087">(b)</ref> and <ref href="#d28e52093">(5)</ref> are subject to paragraph <ref href="#d28e52883">10Z7CF</ref> and Part <ref href="#d28e53971">4BD</ref>.</p></content></subparagraph><subparagraph eId="d28e52129"><num>(7)</num><content><p>The Secretary of State may by regulations made by statutory instrument amend this paragraph to make provision about the forfeiture of cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order.</p></content></subparagraph><subparagraph><num>(8)</num><intro><p>Regulations under sub-paragraph <ref href="#d28e52129">(7)</ref> may in particular make provision about—</p></intro><level class="para1"><num>(a)</num><content><p>the process for the forfeiture of cryptoassets;</p></content></level><level class="para1"><num>(b)</num><content><p>the realisation of forfeited cryptoassets;</p></content></level><level class="para1"><num>(c)</num><content><p>the application of the proceeds of such realisation.</p></content></level></subparagraph><subparagraph><num>(9)</num><intro><p>Regulations under sub-paragraph <ref href="#d28e52129">(7)</ref> may—</p></intro><level class="para1"><num>(a)</num><content><p>make different provision for different purposes;</p></content></level><level class="para1"><num>(b)</num><content><p>make consequential, supplementary, incidental, transitional, transitory or saving provision, including provision which makes consequential amendments to this Part.</p></content></level></subparagraph><subparagraph><num>(10)</num><content><p>A statutory instrument containing regulations under sub-paragraph <ref href="#d28e52129">(7)</ref> may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Associated and joint property</heading><paragraph eId="d28e52195" class="schProv1"><num>10Z7CC</num><subparagraph eId="d28e52199"><num>(1)</num><intro><p>Paragraphs <ref href="#d28e52355">10Z7CD</ref> and <ref href="#d28e52610">10Z7CE</ref> apply if—</p></intro><level class="para1"><num>(a)</num><content><p>an application is made under paragraph <ref href="#d28e51854">10Z7CA</ref> in respect of cryptoassets,</p></content></level><level class="para1" eId="d28e52220"><num>(b)</num><content><p>the court or sheriff is satisfied that some or all of the cryptoassets are terrorist cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><content><p>there exists property that is associated with the cryptoassets in relation to which the court or sheriff is satisfied as mentioned in paragraph <ref href="#d28e52220">(b)</ref>.</p></content></level></subparagraph><subparagraph eId="d28e52235"><num>(2)</num><intro><p>Paragraphs <ref href="#d28e52355">10Z7CD</ref> and <ref href="#d28e52610">10Z7CE</ref> also apply in England and Wales and Northern Ireland if—</p></intro><level class="para1"><num>(a)</num><content><p>an application is made under paragraph <ref href="#d28e51854">10Z7CA</ref> in respect of cryptoassets,</p></content></level><level class="para1" eId="d28e52256"><num>(b)</num><content><p>the court is satisfied that some or all of the cryptoassets are earmarked as terrorist property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the cryptoassets in relation to which the court is satisfied as mentioned in paragraph <ref href="#d28e52256">(b)</ref> belong to joint tenants and one of the tenants is an excepted joint owner.</p></content></level></subparagraph><subparagraph><num>(3)</num><intro><p>In this paragraph and paragraphs <ref href="#d28e52355">10Z7CD</ref> and <ref href="#d28e52610">10Z7CE</ref>, “<term refersTo="#term-associated-property">associated property</term>” means property of any of the following descriptions that is not itself the forfeitable property—</p></intro><level class="para1"><num>(a)</num><content><p>any interest in the forfeitable property;</p></content></level><level class="para1"><num>(b)</num><content><p>any other interest in the property in which the forfeitable property subsists;</p></content></level><level class="para1"><num>(c)</num><content><p>if the forfeitable property is part of a larger property, but not a separate part, the remainder of that property.</p></content></level><wrapUp><p>References to property being associated with forfeitable property are to be read accordingly.</p></wrapUp></subparagraph><subparagraph><num>(4)</num><content><p>In this paragraph and paragraphs <ref href="#d28e52355">10Z7CD</ref> and <ref href="#d28e52610">10Z7CE</ref>, the “<term refersTo="#term-forfeitable-property">forfeitable property</term>” means the cryptoassets in relation to which the court or sheriff is satisfied as mentioned in sub-paragraph <ref href="#d28e52220">(1)(b)</ref> or <ref href="#d28e52256">(2)(b)</ref> (as the case may be).</p></content></subparagraph><subparagraph><num>(5)</num><intro><p>For the purposes of this paragraph and paragraphs <ref href="#d28e52355">10Z7CD</ref> and <ref href="#d28e52610">10Z7CE</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>an excepted joint owner is a joint tenant who obtained the property in circumstances in which it would not (as against them) be earmarked, and</p></content></level><level class="para1"><num>(b)</num><content><p>references to the excepted joint owner’s share of property are to so much of the property as would have been theirs if the joint tenancy had been severed.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Agreements about associated and joint property</heading><paragraph eId="d28e52355" class="schProv1"><num>10Z7CD</num><subparagraph eId="d28e52359"><num>(1)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>this paragraph applies, and</p></content></level><level class="para1" eId="d28e52371"><num>(b)</num><content><p>the person who applied for the order under paragraph <ref href="#d28e51854">10Z7CA</ref> (on the one hand) and the person who holds the associated property or who is the excepted joint owner (on the other hand) agree,</p></content></level><wrapUp><p>the magistrates’ court or sheriff may, instead of making an order under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref>, make an order requiring the person who holds the associated property or who is the excepted joint owner to make a payment to a person identified in the order.</p></wrapUp></subparagraph><subparagraph><num>(2)</num><intro><p>The amount of the payment is (subject to sub-paragraph <ref href="#d28e52421">(3)</ref>) to be the amount which the persons referred to in sub-paragraph <ref href="#d28e52371">(1)(b)</ref> agree represents—</p></intro><level class="para1"><num>(a)</num><content><p>in a case where this paragraph applies by virtue of paragraph <ref href="#d28e52195">10Z7CC</ref><ref href="#d28e52199">(1)</ref>, the value of the forfeitable property;</p></content></level><level class="para1"><num>(b)</num><content><p>in a case where this paragraph applies by virtue of paragraph <ref href="#d28e52195">10Z7CC</ref><ref href="#d28e52235">(2)</ref>, the value of the forfeitable property less the value of the excepted joint owner’s share.</p></content></level></subparagraph><subparagraph eId="d28e52421"><num>(3)</num><intro><p>The amount of the payment may be reduced if the person who applied for the order under paragraph <ref href="#d28e51854">10Z7CA</ref> agrees that the other party to the agreement has suffered loss as a result of—</p></intro><level class="para1"><num>(a)</num><content><p>the seizure of the forfeitable property under paragraph <ref href="#d28e50554">10Z7AD</ref> and its subsequent detention, or</p></content></level><level class="para1"><num>(b)</num><content><p>the making of a crypto wallet freezing order under paragraph <ref href="#d28e51475">10Z7BB</ref>.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>The reduction that is permissible by virtue of sub-paragraph <ref href="#d28e52421">(3)</ref> is such amount as the parties to the agreement agree is reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>An order under sub-paragraph <ref href="#d28e52359">(1)</ref> may, so far as required for giving effect to the agreement, include provision for vesting, creating or extinguishing any interest in property.</p></content></subparagraph><subparagraph eId="d28e52466"><num>(6)</num><intro><p>An order under sub-paragraph <ref href="#d28e52359">(1)</ref> made by a magistrates’ court may provide for payment under sub-paragraph <ref href="#d28e52562">(11)</ref> of reasonable legal expenses that a person has reasonably incurred, or may reasonably incur, in respect of—</p></intro><level class="para1"><num>(a)</num><content><p>the proceedings in which the order is made, or</p></content></level><level class="para1"><num>(b)</num><content><p>any related proceedings under this Part.</p></content></level></subparagraph><subparagraph eId="d28e52490"><num>(7)</num><intro><p>A sum in respect of a relevant item of expenditure is not payable under sub-paragraph <ref href="#d28e52562">(11)</ref> in pursuance of provision under sub-paragraph <ref href="#d28e52466">(6)</ref> unless—</p></intro><level class="para1"><num>(a)</num><content><p>the person who applied for the order under paragraph <ref href="#d28e51854">10Z7CA</ref> agrees to its payment, or</p></content></level><level class="para1"><num>(b)</num><content><p>the court has assessed the amount allowed in respect of that item and the sum is paid in respect of the assessed amount.</p></content></level></subparagraph><subparagraph><num>(8)</num><intro><p>For the purposes of sub-paragraph <ref href="#d28e52490">(7)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>a “relevant item of expenditure” is an item of expenditure to which regulations under section 286B of the Proceeds of Crime Act 2002 would apply if the order under sub-paragraph <ref href="#d28e52359">(1)</ref> had instead been a recovery order made under section 266 of that Act;</p></content></level><level class="para1"><num>(b)</num><content><p>an amount is “allowed” in respect of a relevant item of expenditure if it would have been allowed by those regulations.</p></content></level></subparagraph><subparagraph><num>(9)</num><content><p>If there is more than one item of associated property or more than one excepted joint owner, the total amount to be paid under sub-paragraph <ref href="#d28e52359">(1)</ref>, and the part of that amount which is to be provided by each person who holds any such associated property or who is an excepted joint owner, is to be agreed between both (or all) of them and the person who applied for the order under paragraph <ref href="#d28e51854">10Z7CA</ref>.</p></content></subparagraph><subparagraph><num>(10)</num><content><p>If the person who applied for the order under paragraph <ref href="#d28e51854">10Z7CA</ref> was an authorised officer, that person may enter into an agreement for the purposes of any provision of this paragraph only if the person is a senior officer or is authorised to do so by a senior officer.</p></content></subparagraph><subparagraph eId="d28e52562"><num>(11)</num><intro><p>An amount received under an order under sub-paragraph <ref href="#d28e52359">(1)</ref> must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, it must be applied in making any payment of legal expenses which, after giving effect to sub-paragraph <ref href="#d28e52490">(7)</ref>, are payable under this sub-paragraph in pursuance of provision under sub-paragraph <ref href="#d28e52466">(6)</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>second, it must be applied in payment or reimbursement of any reasonable costs incurred in storing or insuring the forfeitable property and any associated property whilst detained under this Schedule;</p></content></level><level class="para1"><num>(c)</num><intro><p>third, it must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if the order was made by a magistrates’ court, into the Consolidated Fund;</p></content></level><level class="para2"><num>(ii)</num><content><p>if the order was made by the sheriff, into the Scottish Consolidated Fund.</p></content></level></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Associated and joint property: default of agreement</heading><paragraph eId="d28e52610" class="schProv1"><num>10Z7CE</num><subparagraph eId="d28e52614"><num>(1)</num><content><p>Where this paragraph applies and there is no agreement under paragraph <ref href="#d28e52355">10Z7CD</ref>, the magistrates’ court or sheriff may transfer the application made under paragraph <ref href="#d28e51854">10Z7CA</ref> to the appropriate court.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>The “appropriate court” is—</p></intro><level class="para1"><num>(a)</num><content><p>the High Court, where the application under paragraph <ref href="#d28e51854">10Z7CA</ref> was made to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>the Court of Session, where the application under paragraph <ref href="#d28e51854">10Z7CA</ref> was made to the sheriff.</p></content></level></subparagraph><subparagraph eId="d28e52650"><num>(3)</num><intro><p>Where (under sub-paragraph <ref href="#d28e52614">(1)</ref>) an application made under paragraph <ref href="#d28e51854">10Z7CA</ref> is transferred to the appropriate court, the appropriate court may order the forfeiture of the property to which the application relates, or any part of that property, if satisfied that what is to be forfeited—</p></intro><level class="para1"><num>(a)</num><content><p>is within subsection (1)(a) or (b) of section 1, or</p></content></level><level class="para1"><num>(b)</num><content><p>is property earmarked as terrorist property.</p></content></level></subparagraph><subparagraph eId="d28e52674"><num>(4)</num><content><p>An order under sub-paragraph <ref href="#d28e52650">(3)</ref> made by the High Court may include provision of the type that may be included in an order under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref> made by a magistrates’ court by virtue of paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51903">(4)</ref>.</p></content></subparagraph><subparagraph eId="d28e52693"><num>(5)</num><content><p>If provision is included in an order of the High Court by virtue of sub-paragraph <ref href="#d28e52674">(4)</ref> of this paragraph, paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51927">(5)</ref> and <ref href="#d28e51954">(6)</ref> apply with the necessary modifications.</p></content></subparagraph><subparagraph eId="d28e52710"><num>(6)</num><intro><p>The appropriate court may, as well as making an order under sub-paragraph <ref href="#d28e52650">(3)</ref>, make an order—</p></intro><level class="para1"><num>(a)</num><content><p>providing for the forfeiture of the associated property or (as the case may be) for the excepted joint owner‘s interest to be extinguished, or</p></content></level><level class="para1"><num>(b)</num><content><p>providing for the excepted joint owner‘s interest to be severed.</p></content></level></subparagraph><subparagraph eId="d28e52731"><num>(7)</num><intro><p>Where (under sub-paragraph <ref href="#d28e52614">(1)</ref>) the magistrates’ court or sheriff decides not to transfer an application made under paragraph <ref href="#d28e51854">10Z7CA</ref> to the appropriate court, the magistrates’ court or sheriff may, as well as making an order under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref>, make an order—</p></intro><level class="para1"><num>(a)</num><content><p>providing for the forfeiture of the associated property or (as the case may be) for the excepted joint owner‘s interest to be extinguished, or</p></content></level><level class="para1"><num>(b)</num><content><p>providing for the excepted joint owner‘s interest to be severed.</p></content></level></subparagraph><subparagraph><num>(8)</num><content><p>An order under sub-paragraph <ref href="#d28e52710">(6)</ref> or <ref href="#d28e52731">(7)</ref> may be made only if the appropriate court, the magistrates’ court or the sheriff (as the case may be) thinks it just and equitable to do so.</p></content></subparagraph><subparagraph eId="d28e52772"><num>(9)</num><content><p>An order under sub-paragraph <ref href="#d28e52710">(6)</ref> or <ref href="#d28e52731">(7)</ref> must provide for the payment of an amount to the person who holds the associated property or who is an excepted joint owner.</p></content></subparagraph><subparagraph><num>(10)</num><intro><p>In making an order under sub-paragraph <ref href="#d28e52710">(6)</ref> or <ref href="#d28e52731">(7)</ref>, and including provision in it by virtue of sub-paragraph <ref href="#d28e52772">(9)</ref>, the appropriate court, the magistrates’ court or the sheriff (as the case may be) must have regard to—</p></intro><level class="para1"><num>(a)</num><content><p>the rights of any person who holds the associated property or who is an excepted joint owner and the value to that person of that property or (as the case may be) of that person’s share (including any value that cannot be assessed in terms of money), and</p></content></level><level class="para1"><num>(b)</num><content><p>the interest of the person who applied for the order under paragraph <ref href="#d28e51854">10Z7CA</ref> in realising the value of the forfeitable property.</p></content></level></subparagraph><subparagraph eId="d28e52814"><num>(11)</num><intro><p>If the appropriate court, the magistrates’ court or the sheriff (as the case may be) is satisfied that—</p></intro><level class="para1"><num>(a)</num><intro><p>the person who holds the associated property or who is an excepted joint owner has suffered loss as a result of—</p></intro><level class="para2"><num>(i)</num><content><p>the seizure of the forfeitable property under paragraph <ref href="#d28e50554">10Z7AD</ref> and its subsequent detention, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the making of the crypto wallet freezing order under paragraph <ref href="#d28e51475">10Z7BB</ref>, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>the circumstances are exceptional,</p></content></level><wrapUp><p>an order under sub-paragraph <ref href="#d28e52710">(6)</ref> or <ref href="#d28e52731">(7)</ref> may require the payment of compensation to that person.</p></wrapUp></subparagraph><subparagraph><num>(12)</num><content><p>The amount of compensation to be paid by virtue of sub-paragraph <ref href="#d28e52814">(11)</ref> is the amount the appropriate court, the magistrates’ court or the sheriff (as the case may be) thinks reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subparagraph><subparagraph><num>(13)</num><content><p>Compensation to be paid by virtue of sub-paragraph <ref href="#d28e52814">(11)</ref> is to be paid in the same way that compensation is to be paid under paragraph <ref href="#d28e53800">10Z7CM</ref>.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Continuation of crypto wallet freezing order pending appeal</heading><paragraph eId="d28e52883" class="schProv1"><num>10Z7CF</num><subparagraph eId="d28e52887"><num>(1)</num><intro><p>This paragraph applies where, on an application under paragraph <ref href="#d28e51854">10Z7CA</ref> in relation to a crypto wallet to which a crypto wallet freezing order applies—</p></intro><level class="para1" eId="d28e52896"><num>(a)</num><intro><p>the magistrates’ court or sheriff decides—</p></intro><level class="para2"><num>(i)</num><content><p>to make an order under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref> in relation to some but not all of the cryptoassets to which the application related, or</p></content></level><level class="para2"><num>(ii)</num><content><p>not to make an order under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref>, or</p></content></level></level><level class="para1" eId="d28e52924"><num>(b)</num><intro><p>if the application is transferred in accordance with paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52614">(1)</ref>, the High Court or Court of Session decides—</p></intro><level class="para2"><num>(i)</num><content><p>to make an order under paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52650">(3)</ref> in relation to some but not all of the cryptoassets to which the application related, or</p></content></level><level class="para2"><num>(ii)</num><content><p>not to make an order under paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52650">(3)</ref>.</p></content></level></level></subparagraph><subparagraph eId="d28e52957"><num>(2)</num><content><p>The person who made the application under paragraph <ref href="#d28e51854">10Z7CA</ref> may apply without notice to the court or sheriff that made the decision referred to in sub-paragraph <ref href="#d28e52887">(1)</ref> for an order that the crypto wallet freezing order is to continue to have effect.</p></content></subparagraph><subparagraph eId="d28e52969"><num>(3)</num><intro><p>Where the court or sheriff makes an order under sub-paragraph <ref href="#d28e52957">(2)</ref> the crypto wallet freezing order is to continue to have effect until—</p></intro><level class="para1"><num>(a)</num><content><p>the end of the period of 48 hours starting with the making of the order under sub-paragraph <ref href="#d28e52957">(2)</ref>, or</p></content></level><level class="para1"><num>(b)</num><content><p>if within that period of 48 hours an appeal is brought (whether under paragraph <ref href="#d28e53023">10Z7CG</ref> or otherwise) against the decision referred to in sub-paragraph <ref href="#d28e52887">(1)</ref>, the time when the appeal is determined or otherwise disposed of.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>Sub-paragraph <ref href="#d28e50651">(3)</ref> of paragraph <ref href="#d28e50624">10Z7AF</ref> applies for the purposes of sub-paragraph <ref href="#d28e52969">(3)</ref> as it applies for the purposes of that paragraph.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Paragraphs <ref href="#d28e51854">10Z7CA</ref> to <ref href="#d28e52610">10Z7CE</ref>: appeals</heading><paragraph eId="d28e53023" class="schProv1"><num>10Z7CG</num><subparagraph eId="d28e53027"><num>(1)</num><intro><p>Any party to proceedings for an order for the forfeiture of cryptoassets under paragraph <ref href="#d28e51854">10Z7CA</ref> may appeal against—</p></intro><level class="para1"><num>(a)</num><content><p>the making of an order under paragraph <ref href="#d28e51854">10Z7CA</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>the making of an order under paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52731">(7)</ref>;</p></content></level><level class="para1" eId="d28e53056"><num>(c)</num><content><p>a decision not to make an order under paragraph <ref href="#d28e51854">10Z7CA</ref> unless the reason that no order was made is that an order was instead made under paragraph <ref href="#d28e52355">10Z7CD</ref>;</p></content></level><level class="para1" eId="d28e53068"><num>(d)</num><content><p>a decision not to make an order under paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52731">(7)</ref>.</p></content></level><wrapUp><p>Paragraphs <ref href="#d28e53056">(c)</ref> and <ref href="#d28e53068">(d)</ref> do not apply if the application for the order under paragraph <ref href="#d28e51854">10Z7CA</ref> was transferred in accordance with paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52614">(1)</ref>.</p></wrapUp></subparagraph><subparagraph eId="d28e53096"><num>(2)</num><content><p>Where an order under paragraph <ref href="#d28e52355">10Z7CD</ref> is made by a magistrates’ court, any party to the proceedings for the order (including any party to the proceedings under paragraph <ref href="#d28e51854">10Z7CA</ref> that preceded the making of the order) may appeal against a decision to include, or not to include, provision in the order under paragraph <ref href="#d28e52355">10Z7CD</ref><ref href="#d28e52466">(6)</ref>.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>An appeal under this paragraph lies—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales, to the Crown Court;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, to the Sheriff Appeal Court;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to Northern Ireland, to a county court.</p></content></level></subparagraph><subparagraph eId="d28e53137"><num>(4)</num><content><p>An appeal under this paragraph must be made before the end of the period of 30 days starting with the day on which the court or sheriff makes the order or decision.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>Sub-paragraph <ref href="#d28e53137">(4)</ref> is subject to paragraph <ref href="#d28e53179">10Z7CH</ref>.</p></content></subparagraph><subparagraph><num>(6)</num><content><p>The court hearing the appeal may make any order it thinks appropriate.</p></content></subparagraph><subparagraph><num>(7)</num><content><p>If the court upholds an appeal against an order forfeiting any cryptoasset or other item of property, it may, subject to sub-paragraph <ref href="#d28e53170">(8)</ref>, order the release of the whole or any part of the property.</p></content></subparagraph><subparagraph eId="d28e53170"><num>(8)</num><content><p>If (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the property is connected, the property is not to be released under this paragraph (and so is to continue to be detained) until the proceedings are concluded.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Extended time for appealing in certain cases where deproscription order made</heading><paragraph eId="d28e53179" class="schProv1"><num>10Z7CH</num><subparagraph><num>(1)</num><intro><p>This paragraph applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a successful application for an order under paragraph <ref href="#d28e51854">10Z7CA</ref> relies (wholly or partly) on the fact that an organisation is proscribed,</p></content></level><level class="para1"><num>(b)</num><content><p>an application under section 4 of the Terrorism Act 2000 for a deproscription order in respect of the organisation is refused by the Secretary of State,</p></content></level><level class="para1"><num>(c)</num><content><p>the property forfeited by the order under paragraph <ref href="#d28e51854">10Z7CA</ref> was seized under this Schedule on or after the date of the refusal of that application,</p></content></level><level class="para1"><num>(d)</num><content><p>an appeal against that refusal is allowed under section 5 of the Terrorism Act 2000,</p></content></level><level class="para1"><num>(e)</num><content><p>a deproscription order is made accordingly, and</p></content></level><level class="para1"><num>(f)</num><content><p>if the order is made in reliance on section 123(5) of the Terrorism Act 2000, a resolution is passed by each House of Parliament under section 123(5)(b) of that Act.</p></content></level></subparagraph><subparagraph><num>(2)</num><content><p>Where this paragraph applies, an appeal under paragraph <ref href="#d28e53023">10Z7CG</ref> against the making of an order under paragraph <ref href="#d28e51854">10Z7CA</ref>, and against the making (in addition) of any order under paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52731">(7)</ref>, may be brought at any time before the end of the period of 30 days beginning with the date on which the deproscription order comes into force.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>In this paragraph a “<term refersTo="#term-deproscription-order">deproscription order</term>” means an order under section 3(3)(b) or (8) of the Terrorism Act 2000.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Realisation or destruction of forfeited cryptoassets etc</heading><paragraph eId="d28e53261" class="schProv1"><num>10Z7CI</num><subparagraph><num>(1)</num><content><p>This paragraph applies where any cryptoasset or other item of property is forfeited under this Part.</p></content></subparagraph><subparagraph eId="d28e53271"><num>(2)</num><intro><p>An authorised officer must—</p></intro><level class="para1"><num>(a)</num><content><p>realise the property, or</p></content></level><level class="para1"><num>(b)</num><content><p>make arrangements for its realisation.</p></content></level><wrapUp><p>This is subject to sub-paragraphs <ref href="#d28e53298">(3)</ref> to <ref href="#d28e53328">(5)</ref>.</p></wrapUp></subparagraph><subparagraph eId="d28e53298"><num>(3)</num><intro><p>The property is not to be realised—</p></intro><level class="para1"><num>(a)</num><content><p>before the end of the period within which an appeal may be made (whether under paragraph <ref href="#d28e53023">10Z7CG</ref> or otherwise), or</p></content></level><level class="para1"><num>(b)</num><content><p>if an appeal is made within that period, before the appeal is determined or otherwise disposed of.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>The realisation of property under sub-paragraph <ref href="#d28e53271">(2)</ref> must be carried out, so far as practicable, in the manner best calculated to maximise the amount obtained for the property.</p></content></subparagraph><subparagraph eId="d28e53328"><num>(5)</num><intro><p>Where an authorised officer is satisfied that—</p></intro><level class="para1"><num>(a)</num><content><p>it is not reasonably practicable to realise any cryptoasset, or</p></content></level><level class="para1"><num>(b)</num><content><p>there are reasonable grounds to believe that the realisation of any cryptoasset would be contrary to the public interest,</p></content></level><wrapUp><p>the authorised officer may destroy the cryptoasset.</p></wrapUp></subparagraph><subparagraph><num>(6)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>the authorised officer may destroy the cryptoasset only if the officer is a senior officer or is authorised to do so by a senior officer, and</p></content></level><level class="para1"><num>(b)</num><intro><p>the cryptoasset is not to be destroyed—</p></intro><level class="para2"><num>(i)</num><content><p>before the end of the period within which an appeal may be made (whether under paragraph <ref href="#d28e53023">10Z7CG</ref> or otherwise), or</p></content></level><level class="para2"><num>(ii)</num><content><p>if an appeal is made within that period, before the appeal is determined or otherwise disposed of.</p></content></level></level></subparagraph><subparagraph><num>(7)</num><content><p>The question of whether the realisation of the cryptoasset would be contrary to the public interest is to be determined with particular reference to how likely it is that the entry of the cryptoasset into general circulation would facilitate criminal conduct by any person.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Proceeds of realisation</heading><paragraph eId="d28e53390" class="schProv1"><num>10Z7CJ</num><subparagraph><num>(1)</num><content><p>This paragraph applies where any cryptoasset or other item of property is realised under paragraph <ref href="#d28e53261">10Z7CI</ref>.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>The proceeds of the realisation must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, they must be applied in making any payment required to be made by virtue of paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52772">(9)</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>second, they must be applied in making any payment of legal expenses which, after giving effect to paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51927">(5)</ref> (including as applied by paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52693">(5)</ref>), are payable under this sub-paragraph in pursuance of provision under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51903">(4)</ref> or, as the case may be, <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52674">(4)</ref>;</p></content></level><level class="para1" eId="d28e53447"><num>(c)</num><content><p>third, they must be applied in payment or reimbursement of any reasonable costs incurred in storing or insuring the property whilst detained under this Schedule and in realising the property;</p></content></level><level class="para1"><num>(d)</num><intro><p>fourth, they must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if the property was forfeited by a magistrates’ court or the High Court, into the Consolidated Fund;</p></content></level><level class="para2"><num>(ii)</num><content><p>if the property was forfeited by the sheriff or the Court of Session, into the Scottish Consolidated Fund.</p></content></level></level></subparagraph><subparagraph><num>(3)</num><content><p>If what is realised under paragraph <ref href="#d28e53261">10Z7CI</ref> represents part only of an item of property, the reference in sub-paragraph <ref href="#d28e53447">(2)(c)</ref> to costs incurred in storing or insuring the property is to be read as a reference to costs incurred in storing or insuring the whole of the property.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Victims etc: detained cryptoassets</heading><paragraph eId="d28e53486" class="schProv1"><num>10Z7CK</num><subparagraph eId="d28e53490"><num>(1)</num><content><p>A person who claims that any cryptoassets detained under this Schedule belong to the person may apply for some or all of the cryptoassets to be released.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>An application under sub-paragraph <ref href="#d28e53490">(1)</ref> is to be made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, to the sheriff.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>The application may be made in the course of proceedings under paragraph <ref href="#d28e50699">10Z7AG</ref> or <ref href="#d28e51854">10Z7CA</ref> or at any other time.</p></content></subparagraph><subparagraph><num>(4)</num><intro><p>The court or sheriff may, subject to sub-paragraph <ref href="#d28e53625">(8)</ref>, order the cryptoassets to which the application relates to be released to the applicant if it appears to the court or sheriff that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the cryptoassets to which the application relates, or of property which they represent, by criminal conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, property obtained by or in return for criminal conduct and nor did they then represent such property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the cryptoassets belong to the applicant.</p></content></level></subparagraph><subparagraph eId="d28e53556"><num>(5)</num><content><p>If sub-paragraph <ref href="#d28e53568">(6)</ref> applies, the court or sheriff may, subject to sub-paragraph <ref href="#d28e53625">(8)</ref>, order the cryptoassets to which the application relates to be released to the applicant or to the person from whom they were seized.</p></content></subparagraph><subparagraph eId="d28e53568"><num>(6)</num><intro><p>This sub-paragraph applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the cryptoassets to which the application relates were seized,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the court or sheriff that those cryptoassets belong to the applicant,</p></content></level><level class="para1"><num>(c)</num><content><p>the court or sheriff is satisfied that the release condition is met in relation to those cryptoassets, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under sub-paragraph <ref href="#d28e53556">(5)</ref> has been made by the person from whom those cryptoassets were seized.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>if the conditions in Part <ref href="#d28e50060">4BA</ref> for the detention of the cryptoassets are no longer met, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to cryptoassets which are subject to an application for forfeiture under paragraph <ref href="#d28e51854">10Z7CA</ref>, if the court or sheriff decides not to make an order under that paragraph in relation to the cryptoassets.</p></content></level></subparagraph><subparagraph eId="d28e53625"><num>(8)</num><content><p>If (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the cryptoassets are connected, the cryptoassets are not to be released under this paragraph (and so are to continue to be detained) until the proceedings are concluded.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Victims etc: crypto wallet freezing orders</heading><paragraph eId="d28e53634" class="schProv1"><num>10Z7CL</num><subparagraph eId="d28e53638"><num>(1)</num><content><p>A person who claims that any cryptoassets held in a crypto wallet in respect of which a crypto wallet freezing order has effect belong to the person may apply for some or all of the cryptoassets to be released.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>An application under sub-paragraph <ref href="#d28e53638">(1)</ref> is to be made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, to the sheriff.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>The application may be made in the course of proceedings under paragraph <ref href="#d28e51475">10Z7BB</ref> or <ref href="#d28e51854">10Z7CA</ref> or at any other time.</p></content></subparagraph><subparagraph><num>(4)</num><intro><p>The court or sheriff may, subject to sub-paragraph <ref href="#d28e53770">(8)</ref>, order the cryptoassets to which the application relates to be released to the applicant if it appears to the court or sheriff that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the cryptoassets to which the application relates, or of property which they represent, by criminal conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, property obtained by or in return for criminal conduct and nor did they then represent such property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the cryptoassets belong to the applicant.</p></content></level></subparagraph><subparagraph eId="d28e53704"><num>(5)</num><content><p>If sub-paragraph <ref href="#d28e53716">(6)</ref> applies, the court or sheriff may, subject to sub-paragraph <ref href="#d28e53770">(8)</ref>, order the cryptoassets to which the application relates to be released to the applicant.</p></content></subparagraph><subparagraph eId="d28e53716"><num>(6)</num><intro><p>This sub-paragraph applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the cryptoassets to which the application relates were seized,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the court or sheriff that those cryptoassets belong to the applicant,</p></content></level><level class="para1"><num>(c)</num><content><p>the court or sheriff is satisfied that the release condition is met in relation to those cryptoassets, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under sub-paragraph <ref href="#d28e53704">(5)</ref> has been made by the person from whom those cryptoassets were seized.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>if the conditions for the making of the crypto wallet freezing order are no longer met in relation to the cryptoassets to which the application relates, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to cryptoassets held in a crypto wallet subject to a crypto wallet freezing order which are subject to an application for forfeiture under paragraph <ref href="#d28e51854">10Z7CA</ref>, if the court or sheriff decides not to make an order under that paragraph in relation to the cryptoassets.</p></content></level></subparagraph><subparagraph eId="d28e53770"><num>(8)</num><intro><p>Cryptoassets are not to be released under this paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>if an application for their forfeiture under paragraph <ref href="#d28e51854">10Z7CA</ref> is made, until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded;</p></content></level><level class="para1"><num>(b)</num><content><p>if (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the cryptoassets are connected, until the proceedings are concluded.</p></content></level></subparagraph><subparagraph><num>(9)</num><content><p>In relation to cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order, references in this paragraph to a person from whom cryptoassets were seized include a reference to a person by or for whom the crypto wallet was administered immediately before the crypto wallet freezing order was made.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Compensation</heading><paragraph eId="d28e53800" class="schProv1"><num>10Z7CM</num><subparagraph><num>(1)</num><content><p>This paragraph applies if no order is made under paragraph <ref href="#d28e51854">10Z7CA</ref>, <ref href="#d28e52355">10Z7CD</ref> or <ref href="#d28e52610">10Z7CE</ref> in respect of cryptoassets detained under this Schedule or held in a crypto wallet that is subject to a crypto wallet freezing order under paragraph <ref href="#d28e51475">10Z7BB</ref>.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>Where this paragraph applies, the following may make an application to the relevant court for compensation—</p></intro><level class="para1"><num>(a)</num><content><p>a person to whom the cryptoassets belong or from whom they were seized;</p></content></level><level class="para1"><num>(b)</num><content><p>a person by or for whom a crypto wallet to which the crypto wallet freezing order applies is administered.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>If the relevant court is satisfied that the applicant has suffered loss as a result of the detention of the cryptoassets or the making of the crypto wallet freezing order and that the circumstances are exceptional, the relevant court may order compensation to be paid to the applicant.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>The amount of compensation to be paid is the amount the relevant court thinks reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by an officer of Revenue and Customs, the compensation is to be paid by the Commissioners for His Majesty’s Revenue and Customs.</p></content></subparagraph><subparagraph><num>(6)</num><intro><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by a constable, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a constable of a police force in England and Wales, it is to be paid out of the police fund from which the expenses of the police force are met;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of a constable of the Police Service of Scotland, it is to be paid by the Scottish Police Authority;</p></content></level><level class="para1"><num>(c)</num><content><p>in the case of a police officer within the meaning of the Police (Northern Ireland) Act 2000, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by a counter-terrorism financial investigator, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><intro><p>in the case of a counter-terrorism financial investigator who was—</p></intro><level class="para2"><num>(i)</num><content><p>a member of the civilian staff of a police force (including the metropolitan police force), within the meaning of Part 1 of the Police Reform and Social Responsibility Act 2011, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a member of staff of the City of London police force,</p></content></level><wrapUp><p>it is to be paid out of the police fund from which the expenses of the police force are met;</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>in the case of a counter-terrorism financial investigator who was a member of staff of the Police Service of Northern Ireland, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland.</p></content></level></subparagraph><subparagraph><num>(8)</num><content><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by an immigration officer, the compensation is to be paid by the Secretary of State.</p></content></subparagraph><subparagraph><num>(9)</num><content><p>If an order under paragraph <ref href="#d28e51475">10Z7BB</ref>, <ref href="#d28e51854">10Z7CA</ref>, <ref href="#d28e52355">10Z7CD</ref> or <ref href="#d28e52610">10Z7CE</ref> is made in respect of some of the cryptoassets detained or held, this paragraph has effect in relation to the remainder.</p></content></subparagraph><subparagraph><num>(10)</num><content><p>This paragraph does not apply if the relevant court makes an order under paragraph <ref href="#d28e53486">10Z7CK</ref> or <ref href="#d28e53634">10Z7CL</ref>.</p></content></subparagraph><subparagraph><num>(11)</num><intro><p>In this paragraph “<term refersTo="#term-relevant-court">relevant court</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, the sheriff.</p></content></level></subparagraph></paragraph></hcontainer></part><part eId="d28e53971"><num>PART 4BD</num><heading>Conversion of cryptoassets</heading><hcontainer name="crossheading" class="schGroup7"><heading>Interpretation</heading><paragraph class="schProv1"><num>10Z7D</num><subparagraph><num>(1)</num><intro><p>In this Part—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-converted-cryptoassets">converted cryptoassets</term>” is to be read in accordance with paragraphs <ref href="#d28e54639">10Z7DD</ref> and 10Z7DE;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet-freezing-order">crypto wallet freezing order</term>” has the same meaning as in Part <ref href="#d28e51123">4BB</ref> (see paragraph <ref href="#d28e51131">10Z7B</ref><ref href="#d28e51287">(6)</ref>);</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-relevant-court">relevant court</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, the sheriff;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-financial-institution">relevant financial institution</term>” has the same meaning as in Part 4B (see paragraph 10Q);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-uk-connected-cryptoasset-service-provider">UK-connected cryptoasset service provider</term>” has the same meaning as in Part <ref href="#d28e51123">4BB</ref> (see paragraph <ref href="#d28e51131">10Z7B</ref><ref href="#d28e51320">(7)</ref>).</p></content></hcontainer></subparagraph><subparagraph><num>(2)</num><content><p>Paragraph <ref href="#d28e51131">10Z7B</ref><ref href="#d28e51314">(6)(b)</ref> (administration of crypto wallets) applies in relation to this Part as it applies in relation to Part <ref href="#d28e51123">4BB</ref>.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>In this Part references to the conversion of cryptoassets into money are references to the conversion of cryptoassets into—</p></intro><level class="para1"><num>(a)</num><content><p>cash, or</p></content></level><level class="para1"><num>(b)</num><content><p>money held in an account maintained with a relevant financial institution.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>For the purposes of Parts 2 to 4, converted cryptoassets detained under this Part are not to be treated as cash detained under this Schedule.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Detained cryptoassets: conversion</heading><paragraph eId="d28e54094" class="schProv1"><num>10Z7DA</num><subparagraph><num>(1)</num><content><p>Sub-paragraph <ref href="#d28e54113">(2)</ref> applies while any cryptoassets are detained in pursuance of an order under paragraph <ref href="#d28e50579">10Z7AE</ref> or <ref href="#d28e50699">10Z7AG</ref> (including where cryptoassets are subject to forfeiture proceedings).</p></content></subparagraph><subparagraph eId="d28e54113"><num>(2)</num><content><p>A person within sub-paragraph <ref href="#d28e54122">(3)</ref> may apply to the relevant court for an order requiring all of the cryptoassets detained pursuant to the order to be converted into money.</p></content></subparagraph><subparagraph eId="d28e54122"><num>(3)</num><intro><p>The following persons are within this sub-paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>a person from whom the cryptoassets were seized.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>In deciding whether to make an order under this paragraph, the court must have regard to whether the cryptoassets (as a whole) are likely to suffer a significant loss in value during the period before they are released or forfeited (including the period during which an appeal against an order for forfeiture may be made).</p></content></subparagraph><subparagraph><num>(5)</num><intro><p>Before making an order under this paragraph the court must give an opportunity to be heard to—</p></intro><level class="para1"><num>(a)</num><content><p>the parties to the proceedings, and</p></content></level><level class="para1"><num>(b)</num><content><p>any other person who may be affected by its decision.</p></content></level></subparagraph><subparagraph eId="d28e54164"><num>(6)</num><content><p>As soon as practicable after an order is made under this paragraph, an authorised officer must convert the cryptoassets, or arrange for the cryptoassets to be converted, into money.</p></content></subparagraph><subparagraph><num>(7)</num><content><p>The conversion of cryptoassets under sub-paragraph <ref href="#d28e54164">(6)</ref> must be carried out, so far as practicable, in the manner best calculated to maximise the amount of money obtained for the cryptoassets.</p></content></subparagraph><subparagraph><num>(8)</num><content><p>At the first opportunity after the cryptoassets are converted, the authorised officer must arrange for the amount of money obtained for the cryptoassets to be paid into an interest-bearing account and held there.</p></content></subparagraph><subparagraph><num>(9)</num><content><p>Interest accruing on the amount is to be added to it on its forfeiture or release.</p></content></subparagraph><subparagraph><num>(10)</num><intro><p>Where cryptoassets are converted into money in accordance with an order made under this paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoassets are no longer to be treated as being detained in pursuance of an order under paragraph <ref href="#d28e50579">10Z7AE</ref> or <ref href="#d28e50699">10Z7AG</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>any application made under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51879">(2)</ref> in relation to the cryptoassets which has not yet been determined or otherwise disposed of (including under paragraph <ref href="#d28e52355">10Z7CD</ref> or <ref href="#d28e52610">10Z7CE</ref>) is to be treated as if it were an application made under paragraph <ref href="#d28e55077">10Z7DG</ref><ref href="#d28e55093">(2)</ref> in relation to the converted cryptoassets.</p></content></level></subparagraph><subparagraph><num>(11)</num><content><p>An order made under this paragraph must provide for notice to be given to persons affected by the order.</p></content></subparagraph><subparagraph><num>(12)</num><content><p>No appeal may be made against an order made under this paragraph.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Frozen crypto wallet: conversion</heading><paragraph eId="d28e54247" class="schProv1"><num>10Z7DB</num><subparagraph><num>(1)</num><content><p>This paragraph applies while a crypto wallet freezing order under paragraph <ref href="#d28e51475">10Z7BB</ref> has effect (including where cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order are subject to forfeiture proceedings).</p></content></subparagraph><subparagraph><num>(2)</num><content><p>A person within sub-paragraph <ref href="#d28e54269">(3)</ref> may apply to the relevant court for an order requiring all of the cryptoassets held in the crypto wallet to be converted into money.</p></content></subparagraph><subparagraph eId="d28e54269"><num>(3)</num><intro><p>The following persons are within this sub-paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>a person by or for whom the crypto wallet is administered.</p></content></level></subparagraph><subparagraph><num>(4)</num><intro><p>In deciding whether to make an order under this paragraph, the court must have regard to whether the cryptoassets (as a whole) are likely to suffer a significant loss in value during the period before—</p></intro><level class="para1"><num>(a)</num><content><p>the crypto wallet freezing order ceases to have effect, or</p></content></level><level class="para1"><num>(b)</num><content><p>the cryptoassets are forfeited (including the period during which an appeal against an order for forfeiture may be made).</p></content></level></subparagraph><subparagraph><num>(5)</num><intro><p>Before making an order under this paragraph the court must give an opportunity to be heard to—</p></intro><level class="para1"><num>(a)</num><content><p>the parties to the proceedings, and</p></content></level><level class="para1"><num>(b)</num><content><p>any other person who may be affected by its decision.</p></content></level></subparagraph><subparagraph eId="d28e54323"><num>(6)</num><content><p>As soon as practicable after an order is made under this paragraph, the UK-connected cryptoasset service provider that administers the crypto wallet must convert the cryptoassets, or arrange for the cryptoassets to be converted, into money.</p></content></subparagraph><subparagraph><num>(7)</num><content><p>The conversion of cryptoassets under sub-paragraph <ref href="#d28e54323">(6)</ref> must be carried out, so far as practicable, in the manner best calculated to maximise the amount of money obtained for the cryptoassets.</p></content></subparagraph><subparagraph><num>(8)</num><content><p>At the first opportunity after the cryptoassets are converted, the UK-connected cryptoasset service provider must arrange for the amount of money obtained for the cryptoassets to be paid into an interest-bearing account nominated by an authorised officer and held there.</p></content></subparagraph><subparagraph><num>(9)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>the UK-connected cryptoasset service provider may deduct any reasonable expenses incurred by the provider in connection with the conversion of the cryptoassets, and</p></content></level><level class="para1"><num>(b)</num><content><p>the amount to be treated as the proceeds of the conversion of the cryptoassets is to be reduced accordingly.</p></content></level></subparagraph><subparagraph><num>(10)</num><content><p>Interest accruing on the amount obtained for the cryptoassets is to be added to it on its forfeiture or release.</p></content></subparagraph><subparagraph><num>(11)</num><intro><p>Where cryptoassets are converted in accordance with an order made under this paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>the crypto wallet freezing order ceases to have effect,</p></content></level><level class="para1"><num>(b)</num><content><p>any application made under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51879">(2)</ref> in relation to the cryptoassets which has not yet been determined or otherwise disposed of (including under paragraph <ref href="#d28e52355">10Z7CD</ref> or <ref href="#d28e52610">10Z7CE</ref>) is to be treated as if it were an application made under paragraph <ref href="#d28e55077">10Z7DG</ref><ref href="#d28e55093">(2)</ref> in relation to the converted cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><content><p>any application made under paragraph <ref href="#d28e52883">10Z7CF</ref><ref href="#d28e52957">(2)</ref> in relation to the crypto wallet which has not yet been determined or otherwise disposed of may not be proceeded with.</p></content></level></subparagraph><subparagraph><num>(12)</num><content><p>An order made under this paragraph must provide for notice to be given to persons affected by the order.</p></content></subparagraph><subparagraph><num>(13)</num><content><p>No appeal may be made against an order made under this paragraph.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Conversion: existing forfeiture proceedings</heading><paragraph eId="d28e54429" class="schProv1"><num>10Z7DC</num><subparagraph><num>(1)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets are forfeited under paragraph <ref href="#d28e51854">10Z7CA</ref> or <ref href="#d28e52610">10Z7CE</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>before the cryptoassets are realised or destroyed in accordance with paragraph <ref href="#d28e53261">10Z7CI</ref>, an order is made under paragraph <ref href="#d28e54094">10Z7DA</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>paragraph <ref href="#d28e55309">10Z7DJ</ref><ref href="#d28e55313">(1)</ref> applies in relation to the converted cryptoassets as if they had been detained under paragraph <ref href="#d28e54639">10Z7DD</ref> and forfeited under paragraph <ref href="#d28e55077">10Z7DG</ref> (and accordingly paragraph <ref href="#d28e53261">10Z7CI</ref> ceases to apply).</p></wrapUp></subparagraph><subparagraph><num>(2)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets are forfeited under paragraph <ref href="#d28e51854">10Z7CA</ref> or <ref href="#d28e52610">10Z7CE</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>before the cryptoassets are realised or destroyed in accordance with paragraph <ref href="#d28e53261">10Z7CI</ref>, an order is made under paragraph <ref href="#d28e54247">10Z7DB</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>paragraph <ref href="#d28e55309">10Z7DJ</ref><ref href="#d28e55374">(2)</ref> applies in relation to the converted cryptoassets as if they had been detained under paragraph <ref href="#d28e54802">10Z7DE</ref> and forfeited under paragraph <ref href="#d28e55077">10Z7DG</ref> (and accordingly paragraph <ref href="#d28e53261">10Z7CI</ref> ceases to apply).</p></wrapUp></subparagraph><subparagraph><num>(3)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>an appeal may be made under paragraph <ref href="#d28e53023">10Z7CG</ref><ref href="#d28e53027">(1)</ref> or <ref href="#d28e53096">(2)</ref> in relation to the determination of an application under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51879">(2)</ref> for the forfeiture of cryptoassets (including where paragraph <ref href="#d28e52355">10Z7CD</ref> or <ref href="#d28e52610">10Z7CE</ref> applies), and</p></content></level><level class="para1"><num>(b)</num><content><p>an order is made under paragraph <ref href="#d28e54094">10Z7DA</ref> or <ref href="#d28e54247">10Z7DB</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>the appeal may instead be made under paragraph <ref href="#d28e55168">10Z7DH</ref> (within the time allowed by paragraph <ref href="#d28e53023">10Z7CG</ref><ref href="#d28e53137">(4)</ref>) as if it were an appeal against the determination of an application under paragraph <ref href="#d28e55077">10Z7DG</ref>.</p></wrapUp></subparagraph><subparagraph><num>(4)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>an appeal is made under paragraph <ref href="#d28e53023">10Z7CG</ref><ref href="#d28e53027">(1)</ref> or <ref href="#d28e53096">(2)</ref> in relation to the determination of an application under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51879">(2)</ref> for the forfeiture of cryptoassets (including where paragraph <ref href="#d28e52355">10Z7CD</ref> or <ref href="#d28e52610">10Z7CE</ref> applies), and</p></content></level><level class="para1"><num>(b)</num><content><p>before the appeal is determined or otherwise disposed of, an order is made under paragraph <ref href="#d28e54094">10Z7DA</ref> or <ref href="#d28e54247">10Z7DB</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>the appeal is to be treated as if it had been made under paragraph <ref href="#d28e55168">10Z7DH</ref><ref href="#d28e55172">(1)</ref> in relation to the determination of an application under paragraph <ref href="#d28e55077">10Z7DG</ref> for the forfeiture of the converted cryptoassets.</p></wrapUp></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Detained cryptoassets: detention of proceeds of conversion</heading><paragraph eId="d28e54639" class="schProv1"><num>10Z7DD</num><subparagraph eId="d28e54643"><num>(1)</num><content><p>This paragraph applies where cryptoassets are converted into money in accordance with an order under paragraph <ref href="#d28e54094">10Z7DA</ref>.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>The proceeds of the conversion (the “converted cryptoassets”) may be detained initially until the end of the period that the cryptoassets could, immediately before the conversion, have been detained under Part <ref href="#d28e50060">4BA</ref> (ignoring the possibility of any extension of that period).</p></content></subparagraph><subparagraph eId="d28e54661"><num>(3)</num><content><p>The period for which the converted cryptoassets may be detained may be extended by an order made by the relevant court.</p></content></subparagraph><subparagraph eId="d28e54667"><num>(4)</num><content><p>An order under sub-paragraph <ref href="#d28e54661">(3)</ref> may not authorise the detention of the converted cryptoassets beyond the end of the period of 2 years beginning with the relevant date; but this is subject to sub-paragraph <ref href="#d28e54679">(5)</ref>.</p></content></subparagraph><subparagraph eId="d28e54679"><num>(5)</num><content><p>The relevant court may make an order for the period of 2 years in sub-paragraph <ref href="#d28e54667">(4)</ref> to be extended to a period of up to 3 years beginning with the relevant date.</p></content></subparagraph><subparagraph><num>(6)</num><content><p>In sub-paragraphs <ref href="#d28e54667">(4)</ref> and <ref href="#d28e54679">(5)</ref> “<term refersTo="#term-the-relevant-date">the relevant date</term>” means the date on which the first order under paragraph <ref href="#d28e50579">10Z7AE</ref> or <ref href="#d28e50699">10Z7AG</ref> (as the case may be) was made in relation to the cryptoassets.</p></content></subparagraph><subparagraph><num>(7)</num><intro><p>An application for an order under sub-paragraph <ref href="#d28e54661">(3)</ref> or <ref href="#d28e54679">(5)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, by the Commissioners for His Majesty’s Revenue and Customs or an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, by a procurator fiscal.</p></content></level></subparagraph><subparagraph><num>(8)</num><intro><p>The relevant court may make an order under sub-paragraph <ref href="#d28e54661">(3)</ref> only if satisfied that there are reasonable grounds for suspecting that the converted cryptoassets to be further detained—</p></intro><level class="para1"><num>(a)</num><content><p>are within subsection (1)(a) or (b) of section 1, or</p></content></level><level class="para1"><num>(b)</num><content><p>are property earmarked as terrorist property.</p></content></level></subparagraph><subparagraph eId="d28e54754"><num>(9)</num><content><p>The relevant court may make an order under sub-paragraph <ref href="#d28e54679">(5)</ref> only if satisfied that a request for assistance is outstanding in relation to the cryptoassets mentioned in sub-paragraph <ref href="#d28e54643">(1)</ref>.</p></content></subparagraph><subparagraph><num>(10)</num><intro><p>A “request for assistance” in sub-paragraph <ref href="#d28e54754">(9)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the cryptoassets, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an authorised officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Schedule, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A of the Proceeds of Crime Act 2002 (evidence overseas).</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Frozen crypto wallets: detention of proceeds of conversion</heading><paragraph eId="d28e54802" class="schProv1"><num>10Z7DE</num><subparagraph eId="d28e54806"><num>(1)</num><content><p>This paragraph applies where cryptoassets held in a crypto wallet subject to a crypto wallet freezing order are converted into money in accordance with an order under paragraph <ref href="#d28e54247">10Z7DB</ref>.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>The proceeds of the conversion (the “converted cryptoassets”) may be detained initially until the end of the period that the crypto wallet freezing order was, immediately before the conversion, due to have effect under Part <ref href="#d28e51123">4BB</ref> (ignoring the possibility of any extension of that period).</p></content></subparagraph><subparagraph eId="d28e54824"><num>(3)</num><content><p>The period for which the converted cryptoassets may be detained may be extended by an order made by the relevant court.</p></content></subparagraph><subparagraph eId="d28e54830"><num>(4)</num><content><p>An order under sub-paragraph <ref href="#d28e54824">(3)</ref> may not authorise the detention of the converted cryptoassets beyond the end of the period of 2 years beginning with the day on which the crypto wallet freezing order was made; but this is subject to sub-paragraph <ref href="#d28e54842">(5)</ref>.</p></content></subparagraph><subparagraph eId="d28e54842"><num>(5)</num><content><p>The relevant court may make an order for the period of 2 years in sub-paragraph <ref href="#d28e54830">(4)</ref> to be extended to a period of up to 3 years beginning with the day on which the crypto wallet freezing order was made.</p></content></subparagraph><subparagraph><num>(6)</num><intro><p>An application for an order under sub-paragraph <ref href="#d28e54824">(3)</ref> or <ref href="#d28e54842">(5)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, by the Commissioners for His Majesty’s Revenue and Customs or an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, by a procurator fiscal.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>The relevant court may make an order under sub-paragraph <ref href="#d28e54824">(3)</ref> only if satisfied that there are reasonable grounds for suspecting that the converted cryptoassets to be further detained—</p></intro><level class="para1"><num>(a)</num><content><p>are within subsection (1)(a) or (b) of section 1, or</p></content></level><level class="para1"><num>(b)</num><content><p>are property earmarked as terrorist property.</p></content></level></subparagraph><subparagraph eId="d28e54896"><num>(8)</num><content><p>The relevant court may make an order under sub-paragraph <ref href="#d28e54842">(5)</ref> only if satisfied that a request for assistance is outstanding in relation to the cryptoassets mentioned in sub-paragraph <ref href="#d28e54806">(1)</ref>.</p></content></subparagraph><subparagraph><num>(9)</num><intro><p>A “request for assistance” in sub-paragraph <ref href="#d28e54896">(8)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the cryptoassets, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an authorised officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Schedule, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A of the Proceeds of Crime Act 2002 (evidence overseas).</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Release of detained converted cryptoassets</heading><paragraph class="schProv1"><num>10Z7DF</num><subparagraph><num>(1)</num><content><p>This paragraph applies while any converted cryptoassets are detained under paragraph <ref href="#d28e54639">10Z7DD</ref> or <ref href="#d28e54802">10Z7DE</ref>.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>The relevant court may, subject to sub-paragraph <ref href="#d28e55053">(7)</ref>, direct the release of the whole or any part of the converted cryptoassets if the following condition is met.</p></content></subparagraph><subparagraph eId="d28e54969"><num>(3)</num><intro><p>The condition is that, on an application by the relevant person, the court is not satisfied that there are reasonable grounds for suspecting that the converted cryptoassets to be released—</p></intro><level class="para1"><num>(a)</num><content><p>are within subsection (1)(a) or (b) of section 1, or</p></content></level><level class="para1"><num>(b)</num><content><p>are property earmarked as terrorist property.</p></content></level></subparagraph><subparagraph><num>(4)</num><intro><p>In sub-paragraph <ref href="#d28e54969">(3)</ref> “<term refersTo="#term-the-relevant-person">the relevant person</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of converted cryptoassets detained under paragraph <ref href="#d28e54639">10Z7DD</ref>, the person from whom the cryptoassets mentioned in sub-paragraph <ref href="#d28e54643">(1)</ref> of that paragraph were seized, and</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of converted cryptoassets detained under paragraph <ref href="#d28e54802">10Z7DE</ref>, any person affected by the crypto wallet freezing order mentioned in sub-paragraph <ref href="#d28e54806">(1)</ref> of that paragraph.</p></content></level></subparagraph><subparagraph><num>(5)</num><content><p>A person within sub-paragraph <ref href="#d28e55035">(6)</ref> may, subject to sub-paragraph <ref href="#d28e55053">(7)</ref> and after notifying the magistrates’ court or sheriff under whose order converted cryptoassets are being detained, release the whole or any part of the converted cryptoassets if satisfied that the detention is no longer justified.</p></content></subparagraph><subparagraph eId="d28e55035"><num>(6)</num><intro><p>The following persons are within this sub-paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales or Northern Ireland, an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, a procurator fiscal.</p></content></level></subparagraph><subparagraph eId="d28e55053"><num>(7)</num><intro><p>Converted cryptoassets are not to be released under this paragraph (and so are to continue to be detained)—</p></intro><level class="para1"><num>(a)</num><content><p>if an application for their forfeiture under paragraph <ref href="#d28e55077">10Z7DG</ref> is made, until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded;</p></content></level><level class="para1"><num>(b)</num><content><p>if (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the converted cryptoassets are connected, until the proceedings are concluded.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Forfeiture</heading><paragraph eId="d28e55077" class="schProv1"><num>10Z7DG</num><subparagraph><num>(1)</num><content><p>This paragraph applies while any converted cryptoassets are detained under paragraph <ref href="#d28e54639">10Z7DD</ref> or <ref href="#d28e54802">10Z7DE</ref>.</p></content></subparagraph><subparagraph eId="d28e55093"><num>(2)</num><intro><p>An application for the forfeiture of some or all of the converted cryptoassets may be made—</p></intro><level class="para1"><num>(a)</num><content><p>to a magistrates’ court, by the Commissioners for His Majesty’s Revenue and Customs or an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>to the sheriff, by the Scottish Ministers.</p></content></level></subparagraph><subparagraph><num>(3)</num><intro><p>The court or sheriff may order the forfeiture of some or all of the converted cryptoassets if satisfied that the converted cryptoassets to be forfeited—</p></intro><level class="para1"><num>(a)</num><content><p>are within subsection (1)(a) or (b) of section 1, or</p></content></level><level class="para1"><num>(b)</num><content><p>are property earmarked as terrorist property.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>But in the case of property which belongs to joint tenants, one of whom is an excepted joint owner, the order may not apply to so much of it as the court thinks is attributable to the excepted joint owner’s share.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>Where an application for forfeiture is made under this paragraph, the converted cryptoassets are to continue to be detained under paragraph <ref href="#d28e54639">10Z7DD</ref> or <ref href="#d28e54802">10Z7DE</ref> (and may not be released under any power conferred by this Part) until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.</p></content></subparagraph><subparagraph><num>(6)</num><intro><p>For the purposes of this paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>an excepted joint owner is a joint tenant who obtained the property in circumstances in which it would not (as against them) be earmarked, and</p></content></level><level class="para1"><num>(b)</num><content><p>references to the excepted joint owner’s share of property are to so much of the property as would have been theirs if the joint tenancy had been severed.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Forfeiture: appeals</heading><paragraph eId="d28e55168" class="schProv1"><num>10Z7DH</num><subparagraph eId="d28e55172"><num>(1)</num><intro><p>Any party to proceedings for an order for the forfeiture of converted cryptoassets under paragraph <ref href="#d28e55077">10Z7DG</ref> who is aggrieved by an order under that paragraph or by the decision of the court not to make such an order may appeal—</p></intro><level class="para1"><num>(a)</num><content><p>from an order or decision of a magistrates’ court in England and Wales, to the Crown Court;</p></content></level><level class="para1"><num>(b)</num><content><p>from an order or decision of the sheriff, to the Sheriff Appeal Court;</p></content></level><level class="para1"><num>(c)</num><content><p>from an order or decision of a magistrates’ court in Northern Ireland, to a county court.</p></content></level></subparagraph><subparagraph><num>(2)</num><content><p>An appeal under sub-paragraph <ref href="#d28e55172">(1)</ref> must be made before the end of the period of 30 days starting with the day on which the court makes the order or decision.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>The court hearing the appeal may make any order it thinks appropriate.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>If the court upholds an appeal against an order forfeiting the converted cryptoassets, it may, subject to sub-paragraph <ref href="#d28e55223">(5)</ref>, order the release of some or all of the converted cryptoassets.</p></content></subparagraph><subparagraph eId="d28e55223"><num>(5)</num><content><p>If (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the converted cryptoassets are connected, the converted cryptoassets are not to be released under this paragraph (and so are to continue to be detained) until the proceedings are concluded.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Extended time for appealing in certain cases where deproscription order made</heading><paragraph class="schProv1"><num>10Z7DI</num><subparagraph><num>(1)</num><intro><p>This paragraph applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a successful application for an order under paragraph <ref href="#d28e55077">10Z7DG</ref> relies (wholly or partly) on the fact that an organisation is proscribed,</p></content></level><level class="para1"><num>(b)</num><content><p>an application under section 4 of the Terrorism Act 2000 for a deproscription order in respect of the organisation is refused by the Secretary of State,</p></content></level><level class="para1"><num>(c)</num><content><p>the converted cryptoassets forfeited by the order under paragraph <ref href="#d28e55077">10Z7DG</ref> were converted from cryptoassets which were seized under this Schedule on or after the date of the refusal of that application,</p></content></level><level class="para1"><num>(d)</num><content><p>an appeal against that refusal is allowed under section 5 of the Terrorism Act 2000,</p></content></level><level class="para1"><num>(e)</num><content><p>a deproscription order is made accordingly, and</p></content></level><level class="para1"><num>(f)</num><content><p>if the order is made in reliance on section 123(5) of the Terrorism Act 2000, a resolution is passed by each House of Parliament under section 123(5)(b) of that Act.</p></content></level></subparagraph><subparagraph><num>(2)</num><content><p>Where this paragraph applies, an appeal under paragraph <ref href="#d28e55168">10Z7DH</ref> against the making of an order under paragraph <ref href="#d28e55077">10Z7DG</ref> may be brought at any time before the end of the period of 30 days beginning with the date on which the deproscription order comes into force.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>In this paragraph a “<term refersTo="#term-deproscription-order">deproscription order</term>” means an order under section 3(3)(b) or (8) of the Terrorism Act 2000.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Application of forfeited converted cryptoassets</heading><paragraph eId="d28e55309" class="schProv1"><num>10Z7DJ</num><subparagraph eId="d28e55313"><num>(1)</num><intro><p>Converted cryptoassets detained under paragraph <ref href="#d28e54639">10Z7DD</ref> and forfeited under paragraph <ref href="#d28e55077">10Z7DG</ref>, and any accrued interest on them, must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, they must be applied in making any payment of reasonable expenses incurred by an authorised officer in connection with the safe storage of the cryptoassets mentioned in paragraph <ref href="#d28e54639">10Z7DD</ref><ref href="#d28e54643">(1)</ref> during the period the cryptoassets were detained under Part <ref href="#d28e50060">4BA</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>second, they must be applied in making any payment of reasonable expenses incurred by an authorised officer in connection with the conversion of those cryptoassets under paragraph <ref href="#d28e54094">10Z7DA</ref><ref href="#d28e54164">(6)</ref>;</p></content></level><level class="para1"><num>(c)</num><content><p>third, they must be applied in making any payment of reasonable expenses incurred by an authorised officer in connection with the detention of the converted cryptoassets under this Part;</p></content></level><level class="para1"><num>(d)</num><intro><p>fourth, they must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if forfeited by a magistrates’ court in England and Wales or Northern Ireland, into the Consolidated Fund, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if forfeited by the sheriff, into the Scottish Consolidated Fund.</p></content></level></level></subparagraph><subparagraph eId="d28e55374"><num>(2)</num><intro><p>Converted cryptoassets detained under paragraph <ref href="#d28e54802">10Z7DE</ref> and forfeited under paragraph <ref href="#d28e55077">10Z7DG</ref>, and any accrued interest on them, must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, they must be applied in making any payment of reasonable expenses incurred by an authorised officer in connection with the detention of the converted cryptoassets under this Part;</p></content></level><level class="para1"><num>(b)</num><intro><p>second, they must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if forfeited by a magistrates’ court in England and Wales or Northern Ireland, into the Consolidated Fund, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if forfeited by the sheriff, into the Scottish Consolidated Fund.</p></content></level></level></subparagraph><subparagraph><num>(3)</num><intro><p>But converted cryptoassets are not to be applied or paid under sub-paragraph <ref href="#d28e55313">(1)</ref> or <ref href="#d28e55374">(2)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>before the end of the period within which an appeal under paragraph <ref href="#d28e55168">10Z7DH</ref> may be made, or</p></content></level><level class="para1"><num>(b)</num><content><p>if a person appeals under that paragraph, before the appeal is determined or otherwise disposed of.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Victims etc</heading><paragraph eId="d28e55440" class="schProv1"><num>10Z7DK</num><subparagraph><num>(1)</num><content><p>This paragraph applies where converted cryptoassets are detained under this Part.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>Where this paragraph applies, a person (“<term refersTo="#term-p">P</term>”) who claims that the relevant cryptoassets belonged to P immediately before—</p></intro><level class="para1"><num>(a)</num><content><p>the relevant cryptoassets were seized, or</p></content></level><level class="para1" eId="d28e55465"><num>(b)</num><content><p>the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held,</p></content></level><wrapUp><p>may apply to the relevant court for some or all of the converted cryptoassets to be released to P.</p></wrapUp></subparagraph><subparagraph><num>(3)</num><content><p>The application may be made in the course of proceedings under paragraph <ref href="#d28e54639">10Z7DD</ref>, <ref href="#d28e54802">10Z7DE</ref> or <ref href="#d28e55077">10Z7DG</ref> or at any other time.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>The relevant court may, subject to sub-paragraph <ref href="#d28e55614">(9)</ref>, order the converted cryptoassets to which the application relates to be released to the applicant if it appears to the relevant court that the condition in sub-paragraph <ref href="#d28e55500">(5)</ref> is met.</p></content></subparagraph><subparagraph eId="d28e55500"><num>(5)</num><intro><p>The condition in this sub-paragraph is that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the relevant cryptoassets, or of property which they represent, by criminal conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the relevant cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, property obtained by or in return for criminal conduct and nor did they then represent such property, and</p></content></level><level class="para1"><num>(c)</num><intro><p>the relevant cryptoassets belonged to the applicant immediately before—</p></intro><level class="para2"><num>(i)</num><content><p>the relevant cryptoassets were seized, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held.</p></content></level></level></subparagraph><subparagraph eId="d28e55536"><num>(6)</num><content><p>If sub-paragraph <ref href="#d28e55548">(7)</ref> applies, the relevant court may, subject to sub-paragraph <ref href="#d28e55614">(9)</ref>, order the converted cryptoassets to which the application relates to be released to the applicant or to the person from whom the relevant cryptoassets were seized.</p></content></subparagraph><subparagraph eId="d28e55548"><num>(7)</num><intro><p>This sub-paragraph applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the relevant cryptoassets were seized,</p></content></level><level class="para1"><num>(b)</num><intro><p>it appears to the relevant court that the relevant cryptoassets belonged to the applicant immediately before—</p></intro><level class="para2"><num>(i)</num><content><p>the relevant cryptoassets were seized, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held,</p></content></level></level><level class="para1"><num>(c)</num><content><p>the relevant court is satisfied that the release condition is met in relation to the converted cryptoassets, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under sub-paragraph <ref href="#d28e55536">(6)</ref> has been made by the person from whom the relevant cryptoassets were seized.</p></content></level></subparagraph><subparagraph><num>(8)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>if the conditions in this Part for the detention of the converted cryptoassets are no longer met, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to converted cryptoassets which are subject to an application for forfeiture under paragraph <ref href="#d28e55077">10Z7DG</ref>, if the court or sheriff decides not to make an order under that paragraph in relation to the converted cryptoassets.</p></content></level></subparagraph><subparagraph eId="d28e55614"><num>(9)</num><content><p>If (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the converted cryptoassets are connected, the converted cryptoassets are not to be released under this paragraph (and so are to continue to be detained) until the proceedings are concluded</p></content></subparagraph><subparagraph><num>(10)</num><content><p>Where sub-paragraph <ref href="#d28e55465">(2)(b)</ref> applies, references in this paragraph to a person from whom relevant cryptoassets were seized include a reference to a person by or for whom the crypto wallet mentioned in that provision was administered immediately before the crypto wallet freezing order was made in relation to the crypto wallet.</p></content></subparagraph><subparagraph><num>(11)</num><intro><p>In this paragraph “<term refersTo="#term-the-relevant-cryptoassets">the relevant cryptoassets</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to converted cryptoassets detained under paragraph <ref href="#d28e54639">10Z7DD</ref>, some or all of the cryptoassets mentioned in sub-paragraph <ref href="#d28e54643">(1)</ref> of that paragraph, and</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to converted cryptoassets detained under paragraph <ref href="#d28e54802">10Z7DE</ref>, some or all of the cryptoassets mentioned in sub-paragraph <ref href="#d28e54806">(1)</ref> of that paragraph.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Compensation</heading><paragraph class="schProv1"><num>10Z7DL</num><subparagraph><num>(1)</num><content><p>This paragraph applies if no order is made under paragraph <ref href="#d28e55077">10Z7DG</ref> in respect of converted cryptoassets detained under this Part.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>Where this paragraph applies, the following may make an application to the relevant court for compensation—</p></intro><level class="para1"><num>(a)</num><content><p>a person to whom the relevant cryptoassets belonged immediately before they were seized;</p></content></level><level class="para1"><num>(b)</num><content><p>a person from whom the relevant cryptoassets were seized;</p></content></level><level class="para1"><num>(c)</num><content><p>a person by or for whom the crypto wallet mentioned in paragraph <ref href="#d28e54802">10Z7DE</ref><ref href="#d28e54806">(1)</ref> was administered immediately before the crypto wallet freezing order was made in relation to the crypto wallet.</p></content></level></subparagraph><subparagraph><num>(3)</num><intro><p>If the relevant court is satisfied that—</p></intro><level class="para1"><num>(a)</num><intro><p>the applicant has suffered loss as a result of—</p></intro><level class="para2"><num>(i)</num><content><p>the conversion of the relevant cryptoassets into money, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the detention of the converted cryptoassets, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>the circumstances are exceptional,</p></content></level><wrapUp><p>the relevant court may order compensation to be paid to the applicant.</p></wrapUp></subparagraph><subparagraph><num>(4)</num><content><p>The amount of compensation to be paid is the amount the relevant court thinks reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by an officer of Revenue and Customs, the compensation is to be paid by the Commissioners for His Majesty’s Revenue and Customs.</p></content></subparagraph><subparagraph><num>(6)</num><intro><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by a constable, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a constable of a police force in England and Wales, it is to be paid out of the police fund from which the expenses of the police force are met;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of a constable of the Police Service of Scotland, it is to be paid by the Scottish Police Authority;</p></content></level><level class="para1"><num>(c)</num><content><p>in the case of a police officer within the meaning of the Police (Northern Ireland) Act 2000, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by a counter-terrorism financial investigator, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><intro><p>in the case of a counter-terrorism financial investigator who was—</p></intro><level class="para2"><num>(i)</num><content><p>a member of the civilian staff of a police force (including the metropolitan police force), within the meaning of Part 1 of the Police Reform and Social Responsibility Act 2011, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a member of staff of the City of London police force,</p></content></level><wrapUp><p>it is to be paid out of the police fund from which the expenses of the police force are met;</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>in the case of a counter-terrorism financial investigator who was a member of staff of the Police Service of Northern Ireland, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland.</p></content></level></subparagraph><subparagraph><num>(8)</num><content><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by an immigration officer, the compensation is to be paid by the Secretary of State.</p></content></subparagraph><subparagraph><num>(9)</num><content><p>This paragraph does not apply if the relevant court makes an order under paragraph <ref href="#d28e55440">10Z7DK</ref>.</p></content></subparagraph><subparagraph><num>(10)</num><intro><p>In this paragraph—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-the-relevant-cryptoassets">the relevant cryptoassets</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to converted cryptoassets detained under paragraph <ref href="#d28e54639">10Z7DD</ref>, the cryptoassets mentioned in sub-paragraph <ref href="#d28e54643">(1)</ref> of that paragraph;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to converted cryptoassets detained under paragraph <ref href="#d28e54802">10Z7DE</ref>, the cryptoassets mentioned in sub-paragraph <ref href="#d28e54806">(1)</ref> of that paragraph;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-relevant-crypto-wallet-freezing-order">the relevant crypto wallet freezing order</term>”, in relation to converted cryptoassets detained under paragraph <ref href="#d28e54802">10Z7DE</ref>, means the crypto wallet freezing order mentioned in sub-paragraph <ref href="#d28e54806">(1)</ref> of that paragraph.</p></content></hcontainer></subparagraph></paragraph></hcontainer></part></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-10-paragraph-3" class="schProv1"><num>3</num><content><p><mod>In Part 1, in paragraph 1(1) (terrorist cash), for “and 4B” substitute <quotedText>“to <ref href="#d28e53971">4BD</ref>”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-10-paragraph-4" class="schProv1"><num>4</num><content><p><mod>In Part 4B (forfeiture of terrorist money held in bank and building society accounts), after paragraph 10Z6 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="crossheading" class="schGroup7"><heading>Victims etc</heading><paragraph class="schProv1"><num>10Z6A</num><subparagraph><num>(1)</num><content><p>A person who claims that money in respect of which an account freezing order has effect belongs to them may apply to the relevant court for the money to be released.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>The application may be made in the course of proceedings under paragraph 10S or 10Z2 or at any other time.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>The court may, subject to sub-paragraph <ref href="#d28e56002">(7)</ref>, order the money to which the application relates to be released to the applicant if it appears to the court that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the money to which the application relates, or of property which it represents, by criminal conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the money the applicant was deprived of was not, immediately before the applicant was deprived of it, property obtained by or in return for criminal conduct and nor did it then represent such property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the money belongs to the applicant.</p></content></level></subparagraph><subparagraph eId="d28e55939"><num>(4)</num><content><p>If sub-paragraph <ref href="#d28e55951">(5)</ref> applies, the court may, subject to sub-paragraph <ref href="#d28e56002">(7)</ref>, order the money to which the application relates to be released to the applicant.</p></content></subparagraph><subparagraph eId="d28e55951"><num>(5)</num><intro><p>This sub-paragraph applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the money to which the application relates was seized,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the court that the money belongs to the applicant,</p></content></level><level class="para1"><num>(c)</num><content><p>the court is satisfied that the release condition is met in relation to the money, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under sub-paragraph <ref href="#d28e55939">(4)</ref> has been made by the person from whom the money was seized.</p></content></level></subparagraph><subparagraph><num>(6)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to money held in a frozen account, if the conditions for making an order under paragraph 10S in relation to the money are no longer met, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to money held in a frozen account which is subject to an application for forfeiture under paragraph 10Z2, if the court or sheriff decides not to make an order under that paragraph in relation to the money.</p></content></level></subparagraph><subparagraph eId="d28e56002"><num>(7)</num><intro><p>Money is not to be released under this paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>if an account forfeiture notice under paragraph 10W is given in respect of the money, until any proceedings in pursuance of the notice (including any proceedings on appeal) are concluded;</p></content></level><level class="para1"><num>(b)</num><content><p>if an application for its forfeiture under paragraph 10Z2, is made, until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded;</p></content></level><level class="para1"><num>(c)</num><content><p>if (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the cash is connected, until the proceedings are concluded.</p></content></level></subparagraph><subparagraph><num>(8)</num><content><p>In relation to money held in an account that is subject to an account freezing order, references in this paragraph to a person from whom money was seized include a reference to a person by or for whom the account was operated immediately before the account freezing order was made.</p></content></subparagraph></paragraph></hcontainer></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-10-paragraph-5" class="schProv1"><num>5</num><content><p><mod>In Part 6, in paragraph 19(1), at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” has the meaning given by paragraph <ref href="#d28e50068">10Z7A</ref><ref href="#d28e50072">(1)</ref>;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet">crypto wallet</term>” has the meaning given by paragraph <ref href="#d28e50068">10Z7A</ref><ref href="#d28e50072">(1)</ref>;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-justice-of-the-peace">justice of the peace</term>”, in relation to Northern Ireland, means lay magistrate;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-terrorist-cryptoasset">terrorist cryptoasset</term>” has the meaning given by paragraph <ref href="#d28e50068">10Z7A</ref><ref href="#d28e50072">(1)</ref>;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph></part>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-1" class="schProv1"><num>1</num><content><p>Schedule 1 to the Anti-terrorism, Crime and Security Act 2001 (forfeiture of terrorist property) is amended as follows.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-10-paragraph-2" class="schProv1"><num>2</num><content><p><mod>After Part 4B insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><part eId="d28e50060"><num>PART 4BA</num><heading>Seizure and detention of terrorist cryptoassets</heading><hcontainer name="crossheading" class="schGroup7"><heading>Interpretation</heading><paragraph eId="d28e50068" class="schProv1"><num>10Z7A</num><subparagraph eId="d28e50072"><num>(1)</num><intro><p>In this Schedule—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-crypto-wallet">crypto wallet</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>software,</p></content></level><level class="para1"><num>(b)</num><content><p>hardware,</p></content></level><level class="para1"><num>(c)</num><content><p>a physical item, or</p></content></level><level class="para1"><num>(d)</num><content><p>any combination of the things mentioned in paragraphs <ref href="#d28e50095">(a)</ref> to <ref href="#d28e50103">(c)</ref>,</p></content></level><wrapUp><p>which is used to store the cryptographic private key that allows cryptoassets to be accessed;</p></wrapUp></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-terrorist-cryptoasset">terrorist cryptoasset</term>” means a cryptoasset which—</p></intro><level class="para1"><num>(a)</num><content><p>is within subsection (1)(a) or (b) of section 1, or</p></content></level><level class="para1"><num>(b)</num><content><p>is earmarked as terrorist property.</p></content></level></hcontainer></subparagraph><subparagraph eId="d28e50134"><num>(2)</num><content><p>The Secretary of State may by regulations made by statutory instrument amend the definitions of “cryptoasset” and “crypto wallet” in sub-paragraph <ref href="#d28e50072">(1)</ref>.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>Regulations under sub-paragraph <ref href="#d28e50134">(2)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>may make different provision for different purposes;</p></content></level><level class="para1"><num>(b)</num><content><p>may make consequential, supplementary, incidental, transitional, transitory or saving provision.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>A statutory instrument containing regulations under sub-paragraph <ref href="#d28e50134">(2)</ref> may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</p></content></subparagraph><subparagraph eId="d28e50173"><num>(5)</num><intro><p>In this Part—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset-related-item">cryptoasset-related item</term>” means an item of property that is, or that contains or gives access to information that is, likely to assist in the seizure under this Part of terrorist cryptoassets;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-senior-officer">senior officer</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a senior police officer;</p></content></level><level class="para1"><num>(b)</num><content><p>an officer of Revenue and Customs of a rank designated by the Commissioners for His Majesty’s Revenue and Customs as equivalent to that of a senior police officer;</p></content></level><level class="para1"><num>(c)</num><content><p>an immigration officer of a rank designated by the Secretary of State as equivalent to that of a senior police officer;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-police-officer">senior police officer</term>” means a police officer of at least the rank of superintendent.</p></content></hcontainer></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Seizure of cryptoasset-related items</heading><paragraph eId="d28e50217" class="schProv1"><num>10Z7AA</num><subparagraph eId="d28e50221"><num>(1)</num><content><p>An authorised officer may seize any item of property if the authorised officer has reasonable grounds for suspecting that the item is a cryptoasset-related item.</p></content></subparagraph><subparagraph eId="d28e50227"><num>(2)</num><intro><p>If an authorised officer is lawfully on any premises, the officer may, for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>determining whether any property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>enabling or facilitating the seizure under this Part of any terrorist cryptoasset,</p></content></level><wrapUp><p>require any information which is stored in any electronic form and accessible from the premises to be produced in a form in which it can be taken away and in which it is visible and legible, or from which it can readily be produced in a visible and legible form.</p></wrapUp></subparagraph><subparagraph><num>(3)</num><content><p>But sub-paragraph <ref href="#d28e50227">(2)</ref> does not authorise an authorised officer to require a person to produce privileged information.</p></content></subparagraph><subparagraph><num>(4)</num><intro><p>In this paragraph “<term refersTo="#term-privileged-information">privileged information</term>” means information which a person would be entitled to refuse to provide—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, on grounds of legal professional privilege in proceedings in the High Court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, on grounds of confidentiality of communications in proceedings in the Court of Session.</p></content></level></subparagraph><subparagraph><num>(5)</num><intro><p>Where an authorised officer has seized a cryptoasset-related item under sub-paragraph <ref href="#d28e50221">(1)</ref>, the officer may use any information obtained from the item for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>identifying or gaining access to a crypto wallet, and</p></content></level><level class="para1"><num>(b)</num><content><p>by doing so, enabling or facilitating the seizure under this Part of any cryptoassets.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Initial detention of cryptoasset-related items</heading><paragraph class="schProv1"><num>10Z7AB</num><subparagraph eId="d28e50305"><num>(1)</num><content><p>Property seized under paragraph <ref href="#d28e50217">10Z7AA</ref> may be detained for an initial period of 48 hours.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Sub-paragraph <ref href="#d28e50305">(1)</ref> authorises the detention of property only for so long as an authorised officer continues to have reasonable grounds for suspicion in relation to that property as described in paragraph <ref href="#d28e50217">10Z7AA</ref><ref href="#d28e50221">(1)</ref>.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>In calculating a period of 48 hours for the purposes of this paragraph, no account is to be taken of—</p></intro><level class="para1"><num>(a)</num><content><p>any Saturday or Sunday,</p></content></level><level class="para1"><num>(b)</num><content><p>Christmas Day,</p></content></level><level class="para1"><num>(c)</num><content><p>Good Friday,</p></content></level><level class="para1"><num>(d)</num><content><p>any day that is a bank holiday under the Banking and Financial Dealings Act 1971 in the part of the United Kingdom within which the property is seized, or</p></content></level><level class="para1"><num>(e)</num><content><p>any day prescribed by virtue of section 8(2) of the Criminal Procedure (Scotland) Act 1995 as a court holiday in a sheriff court in the sheriff court district within which the property is seized.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Further detention of cryptoasset-related items</heading><paragraph eId="d28e50367" class="schProv1"><num>10Z7AC</num><subparagraph eId="d28e50371"><num>(1)</num><intro><p>The period for which property seized under paragraph <ref href="#d28e50217">10Z7AA</ref> may be detained may be extended by an order made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, by a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, by the sheriff.</p></content></level></subparagraph><subparagraph><num>(2)</num><intro><p>An order under sub-paragraph <ref href="#d28e50371">(1)</ref> may not authorise the detention of any property—</p></intro><level class="para1"><num>(a)</num><content><p>beyond the end of the period of 6 months beginning with the date of the order, and</p></content></level><level class="para1" eId="d28e50407"><num>(b)</num><content><p>in the case of any further order under this paragraph, beyond the end of the period of 2 years beginning with the date of the first order; but this is subject to sub-paragraph <ref href="#d28e50425">(4)</ref>.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>A justice of the peace may also exercise the power of a magistrates’ court to make the first order under sub-paragraph <ref href="#d28e50371">(1)</ref>.</p></content></subparagraph><subparagraph eId="d28e50425"><num>(4)</num><content><p>The court or sheriff may make an order for the period of 2 years in sub-paragraph <ref href="#d28e50407">(2)(b)</ref> to be extended to a period of up to 3 years beginning with the date of the first order.</p></content></subparagraph><subparagraph><num>(5)</num><intro><p>An application to a magistrates’ court, a justice of the peace or the sheriff to make the first order under sub-paragraph <ref href="#d28e50371">(1)</ref> extending a particular period of detention—</p></intro><level class="para1"><num>(a)</num><content><p>may be made and heard without notice of the application or hearing having been given to any of the persons affected by the application or to the legal representatives of such a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>may be heard and determined in private in the absence of persons so affected and of their legal representatives.</p></content></level></subparagraph><subparagraph eId="d28e50455"><num>(6)</num><intro><p>An application for an order under sub-paragraph <ref href="#d28e50371">(1)</ref> or <ref href="#d28e50425">(4)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, by the Commissioners for His Majesty’s Revenue and Customs or an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, by a procurator fiscal.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>The court, sheriff or justice may make an order under sub-paragraph <ref href="#d28e50371">(1)</ref> if satisfied, in relation to the item of property to be further detained, that—</p></intro><level class="para1"><num>(a)</num><content><p>there are reasonable grounds for suspecting that it is a cryptoasset-related item, and</p></content></level><level class="para1"><num>(b)</num><content><p>its continuing detention is justified.</p></content></level></subparagraph><subparagraph eId="d28e50500"><num>(8)</num><content><p>The court or sheriff may make an order under sub-paragraph <ref href="#d28e50425">(4)</ref> if satisfied that a request for assistance is outstanding in relation to the item of property to be further detained.</p></content></subparagraph><subparagraph><num>(9)</num><intro><p>A “request for assistance” in sub-paragraph <ref href="#d28e50500">(8)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the property to be further detained, made —</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an authorised officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Schedule, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A of the Proceeds of Crime Act 2002 (evidence overseas).</p></content></level></subparagraph><subparagraph><num>(10)</num><content><p>An order under sub-paragraph <ref href="#d28e50371">(1)</ref> must provide for notice to be given to persons affected by the order.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Seizure of cryptoassets</heading><paragraph eId="d28e50554" class="schProv1"><num>10Z7AD</num><subparagraph eId="d28e50558"><num>(1)</num><content><p>An authorised officer may seize cryptoassets if the authorised officer has reasonable grounds for suspecting that the cryptoassets are terrorist cryptoassets.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>The circumstances in which a cryptoasset is “<term refersTo="#term-seized">seized</term>” for the purposes of sub-paragraph <ref href="#d28e50558">(1)</ref> include circumstances in which it is transferred into a crypto wallet controlled by the authorised officer.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Prior authorisation for detention of cryptoassets</heading><paragraph eId="d28e50579" class="schProv1"><num>10Z7AE</num><subparagraph><num>(1)</num><content><p>Where an order is made under paragraph <ref href="#d28e50367">10Z7AC</ref> in respect of a cryptoasset-related item, the court, sheriff or justice making the order may, at the same time, make an order to authorise the detention of any cryptoassets that may be seized as a result of information obtained from that item.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>An application for an order under this paragraph may be made, by a person mentioned in paragraph <ref href="#d28e50367">10Z7AC</ref><ref href="#d28e50455">(6)</ref>, at the same time as an application for an order under paragraph <ref href="#d28e50367">10Z7AC</ref> is made by that person.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>The court, sheriff or justice may make an order under this paragraph if satisfied that there are reasonable grounds for suspecting that the cryptoassets that may be seized are terrorist cryptoassets.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>An order under this paragraph authorises detention of the cryptoassets for the same period of time as the order under paragraph <ref href="#d28e50367">10Z7AC</ref> authorises detention in respect of the cryptoasset-related item to which those cryptoassets relate.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Initial detention of cryptoassets</heading><paragraph eId="d28e50624" class="schProv1"><num>10Z7AF</num><subparagraph eId="d28e50628"><num>(1)</num><content><p>Cryptoassets seized under paragraph <ref href="#d28e50554">10Z7AD</ref> may be detained for an initial period of 48 hours.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Sub-paragraph <ref href="#d28e50628">(1)</ref> authorises the detention of cryptoassets only for so long as an authorised officer continues to have reasonable grounds for suspicion in relation to those cryptoassets as described in paragraph <ref href="#d28e50554">10Z7AD</ref><ref href="#d28e50558">(1)</ref>.</p></content></subparagraph><subparagraph eId="d28e50651"><num>(3)</num><intro><p>In calculating a period of 48 hours for the purposes of this paragraph, no account is to be taken of—</p></intro><level class="para1"><num>(a)</num><content><p>any Saturday or Sunday,</p></content></level><level class="para1"><num>(b)</num><content><p>Christmas Day,</p></content></level><level class="para1"><num>(c)</num><content><p>Good Friday,</p></content></level><level class="para1"><num>(d)</num><content><p>any day that is a bank holiday under the Banking and Financial Dealings Act 1971 in the part of the United Kingdom within which the property is seized, or</p></content></level><level class="para1"><num>(e)</num><content><p>any day prescribed by virtue of section 8(2) of the Criminal Procedure (Scotland) Act 1995 as a court holiday in a sheriff court in the sheriff court district within which the property is seized.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>This paragraph is subject to paragraph <ref href="#d28e50579">10Z7AE</ref>.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Further detention of cryptoassets</heading><paragraph eId="d28e50699" class="schProv1"><num>10Z7AG</num><subparagraph eId="d28e50703"><num>(1)</num><intro><p>The period for which cryptoassets seized under paragraph <ref href="#d28e50554">10Z7AD</ref> may be detained may be extended by an order made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, by a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, by the sheriff.</p></content></level></subparagraph><subparagraph><num>(2)</num><intro><p>An order under sub-paragraph <ref href="#d28e50703">(1)</ref> may not authorise the detention of any cryptoassets—</p></intro><level class="para1"><num>(a)</num><content><p>beyond the end of the period of 6 months beginning with the date of the order, and</p></content></level><level class="para1" eId="d28e50739"><num>(b)</num><content><p>in the case of any further order under this paragraph, beyond the end of the period of 2 years beginning with the date of the first order; but this is subject to sub-paragraph <ref href="#d28e50757">(4)</ref>.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>A justice of the peace may also exercise the power of a magistrates’ court to make the first order under sub-paragraph <ref href="#d28e50703">(1)</ref>.</p></content></subparagraph><subparagraph eId="d28e50757"><num>(4)</num><content><p>The court or sheriff may make an order for the period of 2 years in sub-paragraph <ref href="#d28e50739">(2)(b)</ref> to be extended to a period of up to 3 years beginning with the date of the first order.</p></content></subparagraph><subparagraph><num>(5)</num><intro><p>An application to a magistrates’ court, a justice of the peace or the sheriff to make the first order under sub-paragraph <ref href="#d28e50703">(1)</ref> extending a particular period of detention—</p></intro><level class="para1"><num>(a)</num><content><p>may be made and heard without notice of the application or hearing having been given to any of the persons affected by the application or to the legal representatives of such a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>may be heard and determined in private in the absence of persons so affected and of their legal representatives.</p></content></level></subparagraph><subparagraph><num>(6)</num><intro><p>An application for an order under sub-paragraph <ref href="#d28e50703">(1)</ref> or <ref href="#d28e50757">(4)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, by the Commissioners for His Majesty’s Revenue and Customs or an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, by a procurator fiscal.</p></content></level></subparagraph><subparagraph><num>(7)</num><content><p>The court, sheriff or justice may make an order under sub-paragraph <ref href="#d28e50703">(1)</ref> if satisfied, in relation to the cryptoassets to be further detained, that condition 1, condition 2 or condition 3 is met.</p></content></subparagraph><subparagraph><num>(8)</num><intro><p>Condition 1 is that there are reasonable grounds for suspecting that the cryptoassets are intended to be used for the purposes of terrorism and that either—</p></intro><level class="para1"><num>(a)</num><content><p>their continued detention is justified while their intended use is further investigated or consideration is given to bringing (in the United Kingdom or elsewhere) proceedings against any person for an offence with which the cryptoassets are connected, or</p></content></level><level class="para1"><num>(b)</num><content><p>proceedings against any person for an offence with which the cryptoassets are connected have been started and have not been concluded.</p></content></level></subparagraph><subparagraph><num>(9)</num><intro><p>Condition 2 is that there are reasonable grounds for suspecting that the cryptoassets consist of resources of an organisation which is a proscribed organisation and that either—</p></intro><level class="para1"><num>(a)</num><content><p>their continued detention is justified while investigation is made into whether or not they consist of such resources or consideration is given to bringing (in the United Kingdom or elsewhere) proceedings against any person for an offence with which the cryptoassets are connected, or</p></content></level><level class="para1"><num>(b)</num><content><p>proceedings against any person for an offence with which the cryptoassets are connected have been started and have not been concluded.</p></content></level></subparagraph><subparagraph><num>(10)</num><intro><p>Condition 3 is that there are reasonable grounds for suspecting that the cryptoassets are property earmarked as terrorist property and that either—</p></intro><level class="para1"><num>(a)</num><content><p>their continued detention is justified while their derivation is further investigated or consideration is given to bringing (in the United Kingdom or elsewhere) proceedings against any person for an offence with which the cryptoassets are connected, or</p></content></level><level class="para1"><num>(b)</num><content><p>proceedings against any person for an offence with which the cryptoassets are connected have been started and have not been concluded.</p></content></level></subparagraph><subparagraph eId="d28e50874"><num>(11)</num><content><p>The court or sheriff may make an order under sub-paragraph <ref href="#d28e50757">(4)</ref> if satisfied that a request for assistance is outstanding in relation to the cryptoassets to be further detained.</p></content></subparagraph><subparagraph><num>(12)</num><intro><p>A “request for assistance” in sub-paragraph <ref href="#d28e50874">(11)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the property to be further detained, made —</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an authorised officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Schedule, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A of the Proceeds of Crime Act 2002 (evidence overseas).</p></content></level></subparagraph><subparagraph><num>(13)</num><content><p>An order under sub-paragraph <ref href="#d28e50703">(1)</ref> must provide for notice to be given to persons affected by the order.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Safekeeping of cryptoasset-related items and cryptoassets</heading><paragraph class="schProv1"><num>10Z7AH</num><subparagraph><num>(1)</num><content><p>An authorised officer must arrange for any item of property seized under paragraph <ref href="#d28e50217">10Z7AA</ref> to be safely stored throughout the period during which it is detained under this Part.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>An authorised officer must arrange for any cryptoassets seized under paragraph <ref href="#d28e50554">10Z7AD</ref> to be safely stored throughout the period during which they are detained under this Part.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Release of cryptoasset-related items and cryptoassets</heading><paragraph class="schProv1"><num>10Z7AI</num><subparagraph><num>(1)</num><content><p>This paragraph applies while any cryptoasset or other item of property is detained under this Part.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>A magistrates’ court or (in Scotland) the sheriff may, subject to sub-paragraph <ref href="#d28e51117">(9)</ref>, direct the release of the whole or any part of the property if the following condition is met.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>The condition is that the court or sheriff is satisfied, on an application by the person from whom the property was seized, that the conditions for the detention of the property in this Part are no longer met in relation to the property to be released.</p></content></subparagraph><subparagraph eId="d28e50980"><num>(4)</num><content><p>A person within sub-paragraph <ref href="#d28e50992">(5)</ref> may, subject to sub-paragraph <ref href="#d28e51117">(9)</ref> and after notifying the magistrates’ court, sheriff or justice under whose order property is being detained, release the whole or any part of the property if satisfied that the detention of the property to be released is no longer justified.</p></content></subparagraph><subparagraph eId="d28e50992"><num>(5)</num><intro><p>The following persons are within this sub-paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, a procurator fiscal.</p></content></level></subparagraph><subparagraph eId="d28e51010"><num>(6)</num><intro><p>If any cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, an authorised officer may—</p></intro><level class="para1"><num>(a)</num><content><p>retain the item and deal with it as they see fit,</p></content></level><level class="para1"><num>(b)</num><content><p>dispose of the item, or</p></content></level><level class="para1"><num>(c)</num><content><p>destroy the item.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>The powers in sub-paragraph <ref href="#d28e51010">(6)</ref> may be exercised only—</p></intro><level class="para1"><num>(a)</num><intro><p>where the authorised officer has taken reasonable steps to notify—</p></intro><level class="para2"><num>(i)</num><content><p>the person from whom the item was seized, and</p></content></level><level class="para2"><num>(ii)</num><content><p>any other persons who the authorised officer has reasonable grounds to believe have an interest in the item,</p></content></level><wrapUp><p>that the item has been released, and</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>with the approval of a senior officer.</p></content></level></subparagraph><subparagraph><num>(8)</num><intro><p>Any proceeds of a disposal of the item are to be paid—</p></intro><level class="para1"><num>(a)</num><intro><p>into the Consolidated Fund if—</p></intro><level class="para2"><num>(i)</num><content><p>the item was directed to be released by a magistrates’ court, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a magistrates’ court or justice was notified under sub-paragraph <ref href="#d28e50980">(4)</ref> of the release;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>into the Scottish Consolidated Fund if—</p></intro><level class="para2"><num>(i)</num><content><p>the item was directed to be released by the sheriff, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the sheriff was notified under sub-paragraph <ref href="#d28e50980">(4)</ref> of the release.</p></content></level></level></subparagraph><subparagraph eId="d28e51117"><num>(9)</num><content><p>If (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the property is connected, the property is not to be released under this paragraph (and so is to continue to be detained) until the proceedings are concluded.</p></content></subparagraph></paragraph></hcontainer></part><part eId="d28e51123"><num>PART 4BB</num><heading>Terrorist cryptoassets: crypto wallet freezing orders</heading><hcontainer name="crossheading" class="schGroup7"><heading>Interpretation</heading><paragraph eId="d28e51131" class="schProv1"><num>10Z7B</num><subparagraph eId="d28e51135"><num>(1)</num><intro><p>In this Part—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para2"><num>(i)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets,</p></content></level><level class="para2"><num>(ii)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another, or</p></content></level><level class="para2"><num>(iii)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>“<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para2"><num>(i)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para2"><num>(ii)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets;</p></content></level></level><level class="para1"><num>(c)</num><content><p>“<term refersTo="#term-cryptoasset-service-provider">cryptoasset service provider</term>” includes cryptoasset exchange provider and custodian wallet provider.</p></content></level></subparagraph><subparagraph eId="d28e51198"><num>(2)</num><intro><p>In the definition of “cryptoasset exchange provider” in sub-paragraph <ref href="#d28e51135">(1)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, a cryptoasset;</p></content></level><level class="para1"><num>(b)</num><intro><p>“<term refersTo="#term-money">money</term>” means—</p></intro><level class="para2"><num>(i)</num><content><p>money in sterling,</p></content></level><level class="para2"><num>(ii)</num><content><p>money in any other currency, or</p></content></level><level class="para2"><num>(iii)</num><content><p>money in any other medium of exchange,</p></content></level><wrapUp><p>but does not include a cryptoasset.</p></wrapUp></level></subparagraph><subparagraph eId="d28e51245"><num>(3)</num><content><p>The Secretary of State may by regulations made by statutory instrument amend the definitions in sub-paragraphs <ref href="#d28e51135">(1)</ref> and <ref href="#d28e51198">(2)</ref>.</p></content></subparagraph><subparagraph><num>(4)</num><intro><p>Regulations under sub-paragraph <ref href="#d28e51245">(3)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>may make different provision for different purposes;</p></content></level><level class="para1"><num>(b)</num><content><p>may make consequential, supplementary, incidental, transitional, transitory or saving provision.</p></content></level></subparagraph><subparagraph><num>(5)</num><content><p>A statutory instrument containing regulations under sub-paragraph <ref href="#d28e51245">(3)</ref> may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</p></content></subparagraph><subparagraph eId="d28e51287"><num>(6)</num><intro><p>For the purposes of this Part—</p></intro><level class="para1"><num>(a)</num><intro><p>a crypto wallet freezing order is an order that, subject to any exclusions (see paragraph <ref href="#d28e51624">10Z7BD</ref>), prohibits each person by or for whom the crypto wallet to which the order applies is administered from—</p></intro><level class="para2"><num>(i)</num><content><p>making withdrawals or payments from the crypto wallet, or</p></content></level><level class="para2"><num>(ii)</num><content><p>using the crypto wallet in any other way;</p></content></level></level><level class="para1" eId="d28e51314"><num>(b)</num><content><p>a crypto wallet is administered by or for a person if the person is the person to whom services are being provided by a cryptoasset service provider in relation to that crypto wallet.</p></content></level></subparagraph><subparagraph eId="d28e51320"><num>(7)</num><intro><p>In this Part—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-enforcement-officer">enforcement officer</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a constable, or</p></content></level><level class="para1"><num>(b)</num><content><p>a counter-terrorism financial investigator;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-relevant-court">relevant court</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, a magistrates’ court, and</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, the sheriff;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” means a police officer of at least the rank of superintendent;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-uk-connected-cryptoasset-service-provider">UK-connected cryptoasset service provider</term>” means a cryptoasset service provider which—</p></intro><level class="para1"><num>(a)</num><content><p>is acting in the course of business carried on by it in the United Kingdom,</p></content></level><level class="para1"><num>(b)</num><content><p>has terms and conditions with the persons to whom it provides services which provide for a legal dispute to be litigated in the courts of a part of the United Kingdom,</p></content></level><level class="para1"><num>(c)</num><content><p>holds, in the United Kingdom, any data relating to the persons to whom it provides services, or</p></content></level><level class="para1"><num>(d)</num><content><p>meets the condition in sub-paragraph <ref href="#d28e51393">(8)</ref>.</p></content></level></hcontainer></subparagraph><subparagraph eId="d28e51393"><num>(8)</num><intro><p>The condition in this sub-paragraph is that—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider has its registered office, or if it does not have one, its head office in the United Kingdom, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in the United Kingdom.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Application for crypto wallet freezing order</heading><paragraph eId="d28e51414" class="schProv1"><num>10Z7BA</num><subparagraph><num>(1)</num><content><p>This paragraph applies if an enforcement officer has reasonable grounds for suspecting that cryptoassets held in a crypto wallet administered by a UK-connected cryptoasset service provider are terrorist cryptoassets.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Where this paragraph applies the enforcement officer may apply to the relevant court for a crypto wallet freezing order in relation to the crypto wallet in which the cryptoassets are held.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>an enforcement officer may not apply for a crypto wallet freezing order unless the officer is a senior officer or is authorised to do so by a senior officer, and</p></content></level><level class="para1"><num>(b)</num><content><p>the senior officer must consult the Treasury before making the application for the order or (as the case may be) authorising the application to be made, unless in the circumstances it is not reasonably practicable to do so.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>An application for a crypto wallet freezing order may be made without notice if the circumstances of the case are such that notice of the application would prejudice the taking of any steps under this Schedule to forfeit cryptoassets that are terrorist cryptoassets.</p></content></subparagraph><subparagraph><num>(5)</num><intro><p>An application for a crypto wallet freezing order under this paragraph may be combined with an application for an account freezing order under paragraph 10Q where a single entity—</p></intro><level class="para1"><num>(a)</num><content><p>is both a relevant financial institution for the purposes of paragraph 10Q and a cryptoasset service provider for the purposes of this Part, and</p></content></level><level class="para1"><num>(b)</num><content><p>operates or administers, for the same person, both an account holding money and a crypto wallet.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Making of crypto wallet freezing order</heading><paragraph eId="d28e51475" class="schProv1"><num>10Z7BB</num><subparagraph><num>(1)</num><content><p>This paragraph applies where an application for a crypto wallet freezing order is made under paragraph <ref href="#d28e51414">10Z7BA</ref> in relation to a crypto wallet.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>The relevant court may make the order if satisfied that there are reasonable grounds for suspecting that some or all of the cryptoassets held in the crypto wallet are terrorist cryptoassets.</p></content></subparagraph><subparagraph eId="d28e51494"><num>(3)</num><content><p>A crypto wallet freezing order ceases to have effect at the end of the period specified in the order (which may be varied under paragraph <ref href="#d28e51578">10Z7BC</ref>) unless it ceases to have effect at an earlier or later time in accordance with this Part or Part 4BC or 4BD.</p></content></subparagraph><subparagraph eId="d28e51503"><num>(4)</num><content><p>The period specified by the relevant court for the purposes of sub-paragraph <ref href="#d28e51494">(3)</ref> (whether when the order is first made or on a variation under paragraph <ref href="#d28e51578">10Z7BC</ref>) may not exceed the period of 2 years, beginning with the day on which the crypto wallet freezing order is (or was) made; but this is subject to sub-paragraph <ref href="#d28e51518">(5)</ref>.</p></content></subparagraph><subparagraph eId="d28e51518"><num>(5)</num><content><p>The relevant court may make an order for the period of 2 years in sub-paragraph <ref href="#d28e51503">(4)</ref> to be extended to a period of up to 3 years beginning with the day on which the crypto wallet freezing order is (or was) made.</p></content></subparagraph><subparagraph eId="d28e51527"><num>(6)</num><content><p>The relevant court may make an order under sub-paragraph <ref href="#d28e51518">(5)</ref> if satisfied that a request for assistance is outstanding in relation to some or all of the cryptoassets held in the crypto wallet.</p></content></subparagraph><subparagraph><num>(7)</num><intro><p>A “request for assistance” in sub-paragraph <ref href="#d28e51527">(6)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with some or all of the cryptoassets held in the crypto wallet, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an enforcement officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Schedule, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A of the Proceeds of Crime Act 2002 (evidence overseas).</p></content></level></subparagraph><subparagraph><num>(8)</num><content><p>A crypto wallet freezing order must provide for notice to be given to persons affected by the order.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Variation and setting aside of crypto wallet freezing order</heading><paragraph eId="d28e51578" class="schProv1"><num>10Z7BC</num><subparagraph eId="d28e51582"><num>(1)</num><intro><p>The relevant court may at any time vary or set aside a crypto wallet freezing order on an application made by—</p></intro><level class="para1"><num>(a)</num><content><p>an enforcement officer, or</p></content></level><level class="para1"><num>(b)</num><content><p>any person affected by the order.</p></content></level></subparagraph><subparagraph><num>(2)</num><content><p>But an enforcement officer may not make an application under sub-paragraph <ref href="#d28e51582">(1)</ref> unless the officer is a senior officer or is authorised to do so by a senior officer.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>Before varying or setting aside a crypto wallet freezing order the court must (as well as giving the parties to the proceedings an opportunity to be heard) give such an opportunity to any person who may be affected by its decision.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>In relation to Scotland, the references in this paragraph to setting aside an order are to be read as references to recalling it.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Exclusions</heading><paragraph eId="d28e51624" class="schProv1"><num>10Z7BD</num><subparagraph><num>(1)</num><content><p>The power to vary a crypto wallet freezing order includes (amongst other things) power to make exclusions from the prohibition on making withdrawals or payments from the crypto wallet to which the order applies.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Exclusions from the prohibition may also be made when the order is made.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>An exclusion may (amongst other things) make provision for the purpose of enabling a person by or for whom the crypto wallet is administered—</p></intro><level class="para1"><num>(a)</num><content><p>to meet the person’s reasonable living expenses, or</p></content></level><level class="para1"><num>(b)</num><content><p>to carry on any trade, business, profession or occupation.</p></content></level></subparagraph><subparagraph eId="d28e51658"><num>(4)</num><content><p>An exclusion may be made subject to conditions.</p></content></subparagraph><subparagraph><num>(5)</num><intro><p>Where a magistrates’ court exercises the power to make an exclusion for the purpose of enabling a person to meet legal expenses that the person has incurred, or may incur, in respect of proceedings under this Schedule, it must ensure that the exclusion—</p></intro><level class="para1"><num>(a)</num><content><p>is limited to reasonable legal expenses that the person has reasonably incurred or that the person reasonably incurs,</p></content></level><level class="para1"><num>(b)</num><content><p>specifies the total amount that may be released for legal expenses in pursuance of the exclusion, and</p></content></level><level class="para1"><num>(c)</num><content><p>is made subject to the same conditions as would be the required conditions (see section 286A of the Proceeds of Crime Act 2002) if the order had been made under section 245A of that Act (in addition to any conditions imposed under sub-paragraph <ref href="#d28e51658">(4)</ref>).</p></content></level></subparagraph><subparagraph eId="d28e51691"><num>(6)</num><intro><p>A magistrates’ court, in deciding whether to make an exclusion for the purpose of enabling a person to meet legal expenses in respect of proceedings under this Schedule—</p></intro><level class="para1"><num>(a)</num><content><p>must have regard to the desirability of the person being represented in any proceedings under this Schedule in which the person is a participant, and</p></content></level><level class="para1"><num>(b)</num><intro><p>must disregard the possibility that legal representation of the person in any such proceedings might, were an exclusion not made—</p></intro><level class="para2"><num>(i)</num><content><p>be made available under arrangements made for the purposes of Part 1 of the Legal Aid, Sentencing and Punishment of Offenders Act 2012, or</p></content></level><level class="para2"><num>(ii)</num><content><p>be funded by the Department of Justice in Northern Ireland.</p></content></level></level></subparagraph><subparagraph><num>(7)</num><content><p>The sheriff’s power to make exclusions may not be exercised for the purpose of enabling any person to meet any legal expenses in respect of proceedings under this Schedule.</p></content></subparagraph><subparagraph><num>(8)</num><content><p>The power to make exclusions must, subject to sub-paragraph <ref href="#d28e51691">(6)</ref>, be exercised with a view to ensuring, so far as practicable, that there is not undue prejudice to the taking of any steps under this Schedule to forfeit cryptoassets that are terrorist cryptoassets.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Restriction on proceedings and remedies</heading><paragraph class="schProv1"><num>10Z7BE</num><subparagraph eId="d28e51743"><num>(1)</num><content><p>If a court in which proceedings are pending in respect of a crypto wallet administered by a UK-connected cryptoasset service provider is satisfied that a crypto wallet freezing order has been applied for or made in respect of the crypto wallet, it may either stay the proceedings or allow them to continue on any terms it thinks fit.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Before exercising the power conferred by sub-paragraph <ref href="#d28e51743">(1)</ref>, the court must (as well as giving the parties to any of the proceedings concerned an opportunity to be heard) give such an opportunity to any person who may be affected by the court’s decision.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>In relation to Scotland, the reference in sub-paragraph <ref href="#d28e51743">(1)</ref> to staying the proceedings is to be read as a reference to sisting the proceedings.</p></content></subparagraph></paragraph></hcontainer></part><part><num>PART 4BC</num><heading>Forfeiture of terrorist cryptoassets</heading><hcontainer name="crossheading" class="schGroup7"><heading>Interpretation</heading><paragraph class="schProv1"><num>10Z7C</num><subparagraph><num>(1)</num><intro><p>In this Part—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset-service-provider">cryptoasset service provider</term>” has the same meaning as in Part 4BB (see paragraph <ref href="#d28e51131">10Z7B</ref><ref href="#d28e51135">(1)</ref>);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet-freezing-order">crypto wallet freezing order</term>” has the same meaning as in Part 4BB (see paragraph <ref href="#d28e51131">10Z7B</ref><ref href="#d28e51287">(6)</ref>);</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-senior-officer">senior officer</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a senior police officer;</p></content></level><level class="para1"><num>(b)</num><content><p>an officer of Revenue and Customs of a rank designated by the Commissioners for His Majesty’s Revenue and Customs as equivalent to that of a senior police officer;</p></content></level><level class="para1"><num>(c)</num><content><p>an immigration officer of a rank designated by the Secretary of State as equivalent to that of a senior police officer;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-police-officer">senior police officer</term>” means a police officer of at least the rank of superintendent.</p></content></hcontainer></subparagraph><subparagraph><num>(2)</num><content><p>Paragraph <ref href="#d28e51131">10Z7B</ref><ref href="#d28e51314">(6)(b)</ref> (administration of crypto wallets) applies in relation to this Part as it applies in relation to Part <ref href="#d28e51123">4BB</ref>.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Forfeiture</heading><paragraph eId="d28e51854" class="schProv1"><num>10Z7CA</num><subparagraph eId="d28e51858"><num>(1)</num><intro><p>This paragraph applies—</p></intro><level class="para1"><num>(a)</num><content><p>while any cryptoassets are detained under Part 4BA, or</p></content></level><level class="para1"><num>(b)</num><content><p>while a crypto wallet freezing order made under paragraph <ref href="#d28e51475">10Z7BB</ref> has effect.</p></content></level></subparagraph><subparagraph eId="d28e51879"><num>(2)</num><intro><p>An application for the forfeiture of some or all of the cryptoassets that are detained or held in the crypto wallet that is subject to the crypto wallet freezing order may be made—</p></intro><level class="para1"><num>(a)</num><content><p>to a magistrates’ court by the Commissioners for His Majesty’s Revenue and Customs or an authorised officer, or</p></content></level><level class="para1"><num>(b)</num><content><p>to the sheriff by the Scottish Ministers.</p></content></level></subparagraph><subparagraph eId="d28e51897"><num>(3)</num><content><p>The court or sheriff may order the forfeiture of some or all of the cryptoassets if satisfied that the cryptoassets are terrorist cryptoassets.</p></content></subparagraph><subparagraph eId="d28e51903"><num>(4)</num><intro><p>An order under sub-paragraph <ref href="#d28e51897">(3)</ref> made by a magistrates’ court may provide for payment under paragraph <ref href="#d28e53390">10Z7CJ</ref> of reasonable legal expenses that a person has reasonably incurred, or may reasonably incur, in respect of—</p></intro><level class="para1"><num>(a)</num><content><p>the proceedings in which the order is made, or</p></content></level><level class="para1"><num>(b)</num><content><p>any related proceedings under this Part.</p></content></level></subparagraph><subparagraph eId="d28e51927"><num>(5)</num><intro><p>A sum in respect of a relevant item of expenditure is not payable under paragraph <ref href="#d28e53390">10Z7CJ</ref> in pursuance of provision under sub-paragraph <ref href="#d28e51903">(4)</ref> unless—</p></intro><level class="para1"><num>(a)</num><content><p>the person who applied for the order under sub-paragraph <ref href="#d28e51897">(3)</ref> agrees to its payment, or</p></content></level><level class="para1"><num>(b)</num><content><p>the court has assessed the amount allowed in respect of that item and the sum is paid in respect of the assessed amount.</p></content></level></subparagraph><subparagraph eId="d28e51954"><num>(6)</num><intro><p>For the purposes of sub-paragraph <ref href="#d28e51927">(5)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>a “relevant item of expenditure” is an item of expenditure to which regulations under section 286B of the Proceeds of Crime Act 2002 would apply if the order under sub-paragraph <ref href="#d28e51897">(3)</ref> had instead been a recovery order made under section 266 of that Act;</p></content></level><level class="para1"><num>(b)</num><content><p>an amount is “allowed” in respect of a relevant item of expenditure if it would have been allowed by those regulations;</p></content></level><level class="para1"><num>(c)</num><content><p>if the person who applied for the order under sub-paragraph <ref href="#d28e51897">(3)</ref> was an authorised officer, that person may not agree to the payment of a sum unless the person is a senior officer or is authorised to do so by a senior officer.</p></content></level></subparagraph><subparagraph><num>(7)</num><content><p>Sub-paragraph <ref href="#d28e51897">(3)</ref> ceases to apply on the transfer of an application made under this paragraph in accordance with paragraph <ref href="#d28e52610">10Z7CE</ref>.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Forfeiture: supplementary</heading><paragraph class="schProv1"><num>10Z7CB</num><subparagraph><num>(1)</num><content><p>Sub-paragraph <ref href="#d28e52018">(2)</ref> applies where an application is made under paragraph <ref href="#d28e51854">10Z7CA</ref> for the forfeiture of any cryptoassets detained under Part 4BA.</p></content></subparagraph><subparagraph eId="d28e52018"><num>(2)</num><content><p>The cryptoassets are to continue to be detained under Part 4BA (and may not be released under any power conferred by this Schedule) until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.</p><p>This is subject to Part <ref href="#d28e53971">4BD</ref> (conversion to money).</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>Where an application is made under paragraph <ref href="#d28e51854">10Z7CA</ref> in relation to cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order—</p></intro><level class="para1"><num>(a)</num><content><p>sub-paragraphs <ref href="#d28e52065">(4)</ref> and <ref href="#d28e52093">(5)</ref> apply, and</p></content></level><level class="para1"><num>(b)</num><content><p>the crypto wallet freezing order is to continue to have effect until the time referred to in sub-paragraph <ref href="#d28e52065">(4)</ref><ref href="#d28e52087">(b)</ref> or <ref href="#d28e52093">(5)</ref>.</p></content></level></subparagraph><subparagraph eId="d28e52065"><num>(4)</num><intro><p>Where the cryptoassets are ordered to be forfeited under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref> or <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52650">(3)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider that administers the crypto wallet must transfer the cryptoassets into a crypto wallet nominated by an authorised officer, and</p></content></level><level class="para1" eId="d28e52087"><num>(b)</num><content><p>immediately after the transfer has been made, the freezing order ceases to have effect.</p></content></level></subparagraph><subparagraph eId="d28e52093"><num>(5)</num><content><p>Where the application is determined or otherwise disposed of other than by the making of an order under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref> or <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52650">(3)</ref>, the crypto wallet freezing order ceases to have effect immediately after that determination or other disposal.</p></content></subparagraph><subparagraph><num>(6)</num><content><p>Sub-paragraphs <ref href="#d28e52065">(4)</ref><ref href="#d28e52087">(b)</ref> and <ref href="#d28e52093">(5)</ref> are subject to paragraph <ref href="#d28e52883">10Z7CF</ref> and Part <ref href="#d28e53971">4BD</ref>.</p></content></subparagraph><subparagraph eId="d28e52129"><num>(7)</num><content><p>The Secretary of State may by regulations made by statutory instrument amend this paragraph to make provision about the forfeiture of cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order.</p></content></subparagraph><subparagraph><num>(8)</num><intro><p>Regulations under sub-paragraph <ref href="#d28e52129">(7)</ref> may in particular make provision about—</p></intro><level class="para1"><num>(a)</num><content><p>the process for the forfeiture of cryptoassets;</p></content></level><level class="para1"><num>(b)</num><content><p>the realisation of forfeited cryptoassets;</p></content></level><level class="para1"><num>(c)</num><content><p>the application of the proceeds of such realisation.</p></content></level></subparagraph><subparagraph><num>(9)</num><intro><p>Regulations under sub-paragraph <ref href="#d28e52129">(7)</ref> may—</p></intro><level class="para1"><num>(a)</num><content><p>make different provision for different purposes;</p></content></level><level class="para1"><num>(b)</num><content><p>make consequential, supplementary, incidental, transitional, transitory or saving provision, including provision which makes consequential amendments to this Part.</p></content></level></subparagraph><subparagraph><num>(10)</num><content><p>A statutory instrument containing regulations under sub-paragraph <ref href="#d28e52129">(7)</ref> may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Associated and joint property</heading><paragraph eId="d28e52195" class="schProv1"><num>10Z7CC</num><subparagraph eId="d28e52199"><num>(1)</num><intro><p>Paragraphs <ref href="#d28e52355">10Z7CD</ref> and <ref href="#d28e52610">10Z7CE</ref> apply if—</p></intro><level class="para1"><num>(a)</num><content><p>an application is made under paragraph <ref href="#d28e51854">10Z7CA</ref> in respect of cryptoassets,</p></content></level><level class="para1" eId="d28e52220"><num>(b)</num><content><p>the court or sheriff is satisfied that some or all of the cryptoassets are terrorist cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><content><p>there exists property that is associated with the cryptoassets in relation to which the court or sheriff is satisfied as mentioned in paragraph <ref href="#d28e52220">(b)</ref>.</p></content></level></subparagraph><subparagraph eId="d28e52235"><num>(2)</num><intro><p>Paragraphs <ref href="#d28e52355">10Z7CD</ref> and <ref href="#d28e52610">10Z7CE</ref> also apply in England and Wales and Northern Ireland if—</p></intro><level class="para1"><num>(a)</num><content><p>an application is made under paragraph <ref href="#d28e51854">10Z7CA</ref> in respect of cryptoassets,</p></content></level><level class="para1" eId="d28e52256"><num>(b)</num><content><p>the court is satisfied that some or all of the cryptoassets are earmarked as terrorist property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the cryptoassets in relation to which the court is satisfied as mentioned in paragraph <ref href="#d28e52256">(b)</ref> belong to joint tenants and one of the tenants is an excepted joint owner.</p></content></level></subparagraph><subparagraph><num>(3)</num><intro><p>In this paragraph and paragraphs <ref href="#d28e52355">10Z7CD</ref> and <ref href="#d28e52610">10Z7CE</ref>, “<term refersTo="#term-associated-property">associated property</term>” means property of any of the following descriptions that is not itself the forfeitable property—</p></intro><level class="para1"><num>(a)</num><content><p>any interest in the forfeitable property;</p></content></level><level class="para1"><num>(b)</num><content><p>any other interest in the property in which the forfeitable property subsists;</p></content></level><level class="para1"><num>(c)</num><content><p>if the forfeitable property is part of a larger property, but not a separate part, the remainder of that property.</p></content></level><wrapUp><p>References to property being associated with forfeitable property are to be read accordingly.</p></wrapUp></subparagraph><subparagraph><num>(4)</num><content><p>In this paragraph and paragraphs <ref href="#d28e52355">10Z7CD</ref> and <ref href="#d28e52610">10Z7CE</ref>, the “<term refersTo="#term-forfeitable-property">forfeitable property</term>” means the cryptoassets in relation to which the court or sheriff is satisfied as mentioned in sub-paragraph <ref href="#d28e52220">(1)(b)</ref> or <ref href="#d28e52256">(2)(b)</ref> (as the case may be).</p></content></subparagraph><subparagraph><num>(5)</num><intro><p>For the purposes of this paragraph and paragraphs <ref href="#d28e52355">10Z7CD</ref> and <ref href="#d28e52610">10Z7CE</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>an excepted joint owner is a joint tenant who obtained the property in circumstances in which it would not (as against them) be earmarked, and</p></content></level><level class="para1"><num>(b)</num><content><p>references to the excepted joint owner’s share of property are to so much of the property as would have been theirs if the joint tenancy had been severed.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Agreements about associated and joint property</heading><paragraph eId="d28e52355" class="schProv1"><num>10Z7CD</num><subparagraph eId="d28e52359"><num>(1)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>this paragraph applies, and</p></content></level><level class="para1" eId="d28e52371"><num>(b)</num><content><p>the person who applied for the order under paragraph <ref href="#d28e51854">10Z7CA</ref> (on the one hand) and the person who holds the associated property or who is the excepted joint owner (on the other hand) agree,</p></content></level><wrapUp><p>the magistrates’ court or sheriff may, instead of making an order under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref>, make an order requiring the person who holds the associated property or who is the excepted joint owner to make a payment to a person identified in the order.</p></wrapUp></subparagraph><subparagraph><num>(2)</num><intro><p>The amount of the payment is (subject to sub-paragraph <ref href="#d28e52421">(3)</ref>) to be the amount which the persons referred to in sub-paragraph <ref href="#d28e52371">(1)(b)</ref> agree represents—</p></intro><level class="para1"><num>(a)</num><content><p>in a case where this paragraph applies by virtue of paragraph <ref href="#d28e52195">10Z7CC</ref><ref href="#d28e52199">(1)</ref>, the value of the forfeitable property;</p></content></level><level class="para1"><num>(b)</num><content><p>in a case where this paragraph applies by virtue of paragraph <ref href="#d28e52195">10Z7CC</ref><ref href="#d28e52235">(2)</ref>, the value of the forfeitable property less the value of the excepted joint owner’s share.</p></content></level></subparagraph><subparagraph eId="d28e52421"><num>(3)</num><intro><p>The amount of the payment may be reduced if the person who applied for the order under paragraph <ref href="#d28e51854">10Z7CA</ref> agrees that the other party to the agreement has suffered loss as a result of—</p></intro><level class="para1"><num>(a)</num><content><p>the seizure of the forfeitable property under paragraph <ref href="#d28e50554">10Z7AD</ref> and its subsequent detention, or</p></content></level><level class="para1"><num>(b)</num><content><p>the making of a crypto wallet freezing order under paragraph <ref href="#d28e51475">10Z7BB</ref>.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>The reduction that is permissible by virtue of sub-paragraph <ref href="#d28e52421">(3)</ref> is such amount as the parties to the agreement agree is reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>An order under sub-paragraph <ref href="#d28e52359">(1)</ref> may, so far as required for giving effect to the agreement, include provision for vesting, creating or extinguishing any interest in property.</p></content></subparagraph><subparagraph eId="d28e52466"><num>(6)</num><intro><p>An order under sub-paragraph <ref href="#d28e52359">(1)</ref> made by a magistrates’ court may provide for payment under sub-paragraph <ref href="#d28e52562">(11)</ref> of reasonable legal expenses that a person has reasonably incurred, or may reasonably incur, in respect of—</p></intro><level class="para1"><num>(a)</num><content><p>the proceedings in which the order is made, or</p></content></level><level class="para1"><num>(b)</num><content><p>any related proceedings under this Part.</p></content></level></subparagraph><subparagraph eId="d28e52490"><num>(7)</num><intro><p>A sum in respect of a relevant item of expenditure is not payable under sub-paragraph <ref href="#d28e52562">(11)</ref> in pursuance of provision under sub-paragraph <ref href="#d28e52466">(6)</ref> unless—</p></intro><level class="para1"><num>(a)</num><content><p>the person who applied for the order under paragraph <ref href="#d28e51854">10Z7CA</ref> agrees to its payment, or</p></content></level><level class="para1"><num>(b)</num><content><p>the court has assessed the amount allowed in respect of that item and the sum is paid in respect of the assessed amount.</p></content></level></subparagraph><subparagraph><num>(8)</num><intro><p>For the purposes of sub-paragraph <ref href="#d28e52490">(7)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>a “relevant item of expenditure” is an item of expenditure to which regulations under section 286B of the Proceeds of Crime Act 2002 would apply if the order under sub-paragraph <ref href="#d28e52359">(1)</ref> had instead been a recovery order made under section 266 of that Act;</p></content></level><level class="para1"><num>(b)</num><content><p>an amount is “allowed” in respect of a relevant item of expenditure if it would have been allowed by those regulations.</p></content></level></subparagraph><subparagraph><num>(9)</num><content><p>If there is more than one item of associated property or more than one excepted joint owner, the total amount to be paid under sub-paragraph <ref href="#d28e52359">(1)</ref>, and the part of that amount which is to be provided by each person who holds any such associated property or who is an excepted joint owner, is to be agreed between both (or all) of them and the person who applied for the order under paragraph <ref href="#d28e51854">10Z7CA</ref>.</p></content></subparagraph><subparagraph><num>(10)</num><content><p>If the person who applied for the order under paragraph <ref href="#d28e51854">10Z7CA</ref> was an authorised officer, that person may enter into an agreement for the purposes of any provision of this paragraph only if the person is a senior officer or is authorised to do so by a senior officer.</p></content></subparagraph><subparagraph eId="d28e52562"><num>(11)</num><intro><p>An amount received under an order under sub-paragraph <ref href="#d28e52359">(1)</ref> must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, it must be applied in making any payment of legal expenses which, after giving effect to sub-paragraph <ref href="#d28e52490">(7)</ref>, are payable under this sub-paragraph in pursuance of provision under sub-paragraph <ref href="#d28e52466">(6)</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>second, it must be applied in payment or reimbursement of any reasonable costs incurred in storing or insuring the forfeitable property and any associated property whilst detained under this Schedule;</p></content></level><level class="para1"><num>(c)</num><intro><p>third, it must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if the order was made by a magistrates’ court, into the Consolidated Fund;</p></content></level><level class="para2"><num>(ii)</num><content><p>if the order was made by the sheriff, into the Scottish Consolidated Fund.</p></content></level></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Associated and joint property: default of agreement</heading><paragraph eId="d28e52610" class="schProv1"><num>10Z7CE</num><subparagraph eId="d28e52614"><num>(1)</num><content><p>Where this paragraph applies and there is no agreement under paragraph <ref href="#d28e52355">10Z7CD</ref>, the magistrates’ court or sheriff may transfer the application made under paragraph <ref href="#d28e51854">10Z7CA</ref> to the appropriate court.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>The “appropriate court” is—</p></intro><level class="para1"><num>(a)</num><content><p>the High Court, where the application under paragraph <ref href="#d28e51854">10Z7CA</ref> was made to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>the Court of Session, where the application under paragraph <ref href="#d28e51854">10Z7CA</ref> was made to the sheriff.</p></content></level></subparagraph><subparagraph eId="d28e52650"><num>(3)</num><intro><p>Where (under sub-paragraph <ref href="#d28e52614">(1)</ref>) an application made under paragraph <ref href="#d28e51854">10Z7CA</ref> is transferred to the appropriate court, the appropriate court may order the forfeiture of the property to which the application relates, or any part of that property, if satisfied that what is to be forfeited—</p></intro><level class="para1"><num>(a)</num><content><p>is within subsection (1)(a) or (b) of section 1, or</p></content></level><level class="para1"><num>(b)</num><content><p>is property earmarked as terrorist property.</p></content></level></subparagraph><subparagraph eId="d28e52674"><num>(4)</num><content><p>An order under sub-paragraph <ref href="#d28e52650">(3)</ref> made by the High Court may include provision of the type that may be included in an order under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref> made by a magistrates’ court by virtue of paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51903">(4)</ref>.</p></content></subparagraph><subparagraph eId="d28e52693"><num>(5)</num><content><p>If provision is included in an order of the High Court by virtue of sub-paragraph <ref href="#d28e52674">(4)</ref> of this paragraph, paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51927">(5)</ref> and <ref href="#d28e51954">(6)</ref> apply with the necessary modifications.</p></content></subparagraph><subparagraph eId="d28e52710"><num>(6)</num><intro><p>The appropriate court may, as well as making an order under sub-paragraph <ref href="#d28e52650">(3)</ref>, make an order—</p></intro><level class="para1"><num>(a)</num><content><p>providing for the forfeiture of the associated property or (as the case may be) for the excepted joint owner‘s interest to be extinguished, or</p></content></level><level class="para1"><num>(b)</num><content><p>providing for the excepted joint owner‘s interest to be severed.</p></content></level></subparagraph><subparagraph eId="d28e52731"><num>(7)</num><intro><p>Where (under sub-paragraph <ref href="#d28e52614">(1)</ref>) the magistrates’ court or sheriff decides not to transfer an application made under paragraph <ref href="#d28e51854">10Z7CA</ref> to the appropriate court, the magistrates’ court or sheriff may, as well as making an order under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref>, make an order—</p></intro><level class="para1"><num>(a)</num><content><p>providing for the forfeiture of the associated property or (as the case may be) for the excepted joint owner‘s interest to be extinguished, or</p></content></level><level class="para1"><num>(b)</num><content><p>providing for the excepted joint owner‘s interest to be severed.</p></content></level></subparagraph><subparagraph><num>(8)</num><content><p>An order under sub-paragraph <ref href="#d28e52710">(6)</ref> or <ref href="#d28e52731">(7)</ref> may be made only if the appropriate court, the magistrates’ court or the sheriff (as the case may be) thinks it just and equitable to do so.</p></content></subparagraph><subparagraph eId="d28e52772"><num>(9)</num><content><p>An order under sub-paragraph <ref href="#d28e52710">(6)</ref> or <ref href="#d28e52731">(7)</ref> must provide for the payment of an amount to the person who holds the associated property or who is an excepted joint owner.</p></content></subparagraph><subparagraph><num>(10)</num><intro><p>In making an order under sub-paragraph <ref href="#d28e52710">(6)</ref> or <ref href="#d28e52731">(7)</ref>, and including provision in it by virtue of sub-paragraph <ref href="#d28e52772">(9)</ref>, the appropriate court, the magistrates’ court or the sheriff (as the case may be) must have regard to—</p></intro><level class="para1"><num>(a)</num><content><p>the rights of any person who holds the associated property or who is an excepted joint owner and the value to that person of that property or (as the case may be) of that person’s share (including any value that cannot be assessed in terms of money), and</p></content></level><level class="para1"><num>(b)</num><content><p>the interest of the person who applied for the order under paragraph <ref href="#d28e51854">10Z7CA</ref> in realising the value of the forfeitable property.</p></content></level></subparagraph><subparagraph eId="d28e52814"><num>(11)</num><intro><p>If the appropriate court, the magistrates’ court or the sheriff (as the case may be) is satisfied that—</p></intro><level class="para1"><num>(a)</num><intro><p>the person who holds the associated property or who is an excepted joint owner has suffered loss as a result of—</p></intro><level class="para2"><num>(i)</num><content><p>the seizure of the forfeitable property under paragraph <ref href="#d28e50554">10Z7AD</ref> and its subsequent detention, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the making of the crypto wallet freezing order under paragraph <ref href="#d28e51475">10Z7BB</ref>, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>the circumstances are exceptional,</p></content></level><wrapUp><p>an order under sub-paragraph <ref href="#d28e52710">(6)</ref> or <ref href="#d28e52731">(7)</ref> may require the payment of compensation to that person.</p></wrapUp></subparagraph><subparagraph><num>(12)</num><content><p>The amount of compensation to be paid by virtue of sub-paragraph <ref href="#d28e52814">(11)</ref> is the amount the appropriate court, the magistrates’ court or the sheriff (as the case may be) thinks reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subparagraph><subparagraph><num>(13)</num><content><p>Compensation to be paid by virtue of sub-paragraph <ref href="#d28e52814">(11)</ref> is to be paid in the same way that compensation is to be paid under paragraph <ref href="#d28e53800">10Z7CM</ref>.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Continuation of crypto wallet freezing order pending appeal</heading><paragraph eId="d28e52883" class="schProv1"><num>10Z7CF</num><subparagraph eId="d28e52887"><num>(1)</num><intro><p>This paragraph applies where, on an application under paragraph <ref href="#d28e51854">10Z7CA</ref> in relation to a crypto wallet to which a crypto wallet freezing order applies—</p></intro><level class="para1" eId="d28e52896"><num>(a)</num><intro><p>the magistrates’ court or sheriff decides—</p></intro><level class="para2"><num>(i)</num><content><p>to make an order under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref> in relation to some but not all of the cryptoassets to which the application related, or</p></content></level><level class="para2"><num>(ii)</num><content><p>not to make an order under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref>, or</p></content></level></level><level class="para1" eId="d28e52924"><num>(b)</num><intro><p>if the application is transferred in accordance with paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52614">(1)</ref>, the High Court or Court of Session decides—</p></intro><level class="para2"><num>(i)</num><content><p>to make an order under paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52650">(3)</ref> in relation to some but not all of the cryptoassets to which the application related, or</p></content></level><level class="para2"><num>(ii)</num><content><p>not to make an order under paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52650">(3)</ref>.</p></content></level></level></subparagraph><subparagraph eId="d28e52957"><num>(2)</num><content><p>The person who made the application under paragraph <ref href="#d28e51854">10Z7CA</ref> may apply without notice to the court or sheriff that made the decision referred to in sub-paragraph <ref href="#d28e52887">(1)</ref> for an order that the crypto wallet freezing order is to continue to have effect.</p></content></subparagraph><subparagraph eId="d28e52969"><num>(3)</num><intro><p>Where the court or sheriff makes an order under sub-paragraph <ref href="#d28e52957">(2)</ref> the crypto wallet freezing order is to continue to have effect until—</p></intro><level class="para1"><num>(a)</num><content><p>the end of the period of 48 hours starting with the making of the order under sub-paragraph <ref href="#d28e52957">(2)</ref>, or</p></content></level><level class="para1"><num>(b)</num><content><p>if within that period of 48 hours an appeal is brought (whether under paragraph <ref href="#d28e53023">10Z7CG</ref> or otherwise) against the decision referred to in sub-paragraph <ref href="#d28e52887">(1)</ref>, the time when the appeal is determined or otherwise disposed of.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>Sub-paragraph <ref href="#d28e50651">(3)</ref> of paragraph <ref href="#d28e50624">10Z7AF</ref> applies for the purposes of sub-paragraph <ref href="#d28e52969">(3)</ref> as it applies for the purposes of that paragraph.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Paragraphs <ref href="#d28e51854">10Z7CA</ref> to <ref href="#d28e52610">10Z7CE</ref>: appeals</heading><paragraph eId="d28e53023" class="schProv1"><num>10Z7CG</num><subparagraph eId="d28e53027"><num>(1)</num><intro><p>Any party to proceedings for an order for the forfeiture of cryptoassets under paragraph <ref href="#d28e51854">10Z7CA</ref> may appeal against—</p></intro><level class="para1"><num>(a)</num><content><p>the making of an order under paragraph <ref href="#d28e51854">10Z7CA</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>the making of an order under paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52731">(7)</ref>;</p></content></level><level class="para1" eId="d28e53056"><num>(c)</num><content><p>a decision not to make an order under paragraph <ref href="#d28e51854">10Z7CA</ref> unless the reason that no order was made is that an order was instead made under paragraph <ref href="#d28e52355">10Z7CD</ref>;</p></content></level><level class="para1" eId="d28e53068"><num>(d)</num><content><p>a decision not to make an order under paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52731">(7)</ref>.</p></content></level><wrapUp><p>Paragraphs <ref href="#d28e53056">(c)</ref> and <ref href="#d28e53068">(d)</ref> do not apply if the application for the order under paragraph <ref href="#d28e51854">10Z7CA</ref> was transferred in accordance with paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52614">(1)</ref>.</p></wrapUp></subparagraph><subparagraph eId="d28e53096"><num>(2)</num><content><p>Where an order under paragraph <ref href="#d28e52355">10Z7CD</ref> is made by a magistrates’ court, any party to the proceedings for the order (including any party to the proceedings under paragraph <ref href="#d28e51854">10Z7CA</ref> that preceded the making of the order) may appeal against a decision to include, or not to include, provision in the order under paragraph <ref href="#d28e52355">10Z7CD</ref><ref href="#d28e52466">(6)</ref>.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>An appeal under this paragraph lies—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales, to the Crown Court;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, to the Sheriff Appeal Court;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to Northern Ireland, to a county court.</p></content></level></subparagraph><subparagraph eId="d28e53137"><num>(4)</num><content><p>An appeal under this paragraph must be made before the end of the period of 30 days starting with the day on which the court or sheriff makes the order or decision.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>Sub-paragraph <ref href="#d28e53137">(4)</ref> is subject to paragraph <ref href="#d28e53179">10Z7CH</ref>.</p></content></subparagraph><subparagraph><num>(6)</num><content><p>The court hearing the appeal may make any order it thinks appropriate.</p></content></subparagraph><subparagraph><num>(7)</num><content><p>If the court upholds an appeal against an order forfeiting any cryptoasset or other item of property, it may, subject to sub-paragraph <ref href="#d28e53170">(8)</ref>, order the release of the whole or any part of the property.</p></content></subparagraph><subparagraph eId="d28e53170"><num>(8)</num><content><p>If (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the property is connected, the property is not to be released under this paragraph (and so is to continue to be detained) until the proceedings are concluded.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Extended time for appealing in certain cases where deproscription order made</heading><paragraph eId="d28e53179" class="schProv1"><num>10Z7CH</num><subparagraph><num>(1)</num><intro><p>This paragraph applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a successful application for an order under paragraph <ref href="#d28e51854">10Z7CA</ref> relies (wholly or partly) on the fact that an organisation is proscribed,</p></content></level><level class="para1"><num>(b)</num><content><p>an application under section 4 of the Terrorism Act 2000 for a deproscription order in respect of the organisation is refused by the Secretary of State,</p></content></level><level class="para1"><num>(c)</num><content><p>the property forfeited by the order under paragraph <ref href="#d28e51854">10Z7CA</ref> was seized under this Schedule on or after the date of the refusal of that application,</p></content></level><level class="para1"><num>(d)</num><content><p>an appeal against that refusal is allowed under section 5 of the Terrorism Act 2000,</p></content></level><level class="para1"><num>(e)</num><content><p>a deproscription order is made accordingly, and</p></content></level><level class="para1"><num>(f)</num><content><p>if the order is made in reliance on section 123(5) of the Terrorism Act 2000, a resolution is passed by each House of Parliament under section 123(5)(b) of that Act.</p></content></level></subparagraph><subparagraph><num>(2)</num><content><p>Where this paragraph applies, an appeal under paragraph <ref href="#d28e53023">10Z7CG</ref> against the making of an order under paragraph <ref href="#d28e51854">10Z7CA</ref>, and against the making (in addition) of any order under paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52731">(7)</ref>, may be brought at any time before the end of the period of 30 days beginning with the date on which the deproscription order comes into force.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>In this paragraph a “<term refersTo="#term-deproscription-order">deproscription order</term>” means an order under section 3(3)(b) or (8) of the Terrorism Act 2000.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Realisation or destruction of forfeited cryptoassets etc</heading><paragraph eId="d28e53261" class="schProv1"><num>10Z7CI</num><subparagraph><num>(1)</num><content><p>This paragraph applies where any cryptoasset or other item of property is forfeited under this Part.</p></content></subparagraph><subparagraph eId="d28e53271"><num>(2)</num><intro><p>An authorised officer must—</p></intro><level class="para1"><num>(a)</num><content><p>realise the property, or</p></content></level><level class="para1"><num>(b)</num><content><p>make arrangements for its realisation.</p></content></level><wrapUp><p>This is subject to sub-paragraphs <ref href="#d28e53298">(3)</ref> to <ref href="#d28e53328">(5)</ref>.</p></wrapUp></subparagraph><subparagraph eId="d28e53298"><num>(3)</num><intro><p>The property is not to be realised—</p></intro><level class="para1"><num>(a)</num><content><p>before the end of the period within which an appeal may be made (whether under paragraph <ref href="#d28e53023">10Z7CG</ref> or otherwise), or</p></content></level><level class="para1"><num>(b)</num><content><p>if an appeal is made within that period, before the appeal is determined or otherwise disposed of.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>The realisation of property under sub-paragraph <ref href="#d28e53271">(2)</ref> must be carried out, so far as practicable, in the manner best calculated to maximise the amount obtained for the property.</p></content></subparagraph><subparagraph eId="d28e53328"><num>(5)</num><intro><p>Where an authorised officer is satisfied that—</p></intro><level class="para1"><num>(a)</num><content><p>it is not reasonably practicable to realise any cryptoasset, or</p></content></level><level class="para1"><num>(b)</num><content><p>there are reasonable grounds to believe that the realisation of any cryptoasset would be contrary to the public interest,</p></content></level><wrapUp><p>the authorised officer may destroy the cryptoasset.</p></wrapUp></subparagraph><subparagraph><num>(6)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>the authorised officer may destroy the cryptoasset only if the officer is a senior officer or is authorised to do so by a senior officer, and</p></content></level><level class="para1"><num>(b)</num><intro><p>the cryptoasset is not to be destroyed—</p></intro><level class="para2"><num>(i)</num><content><p>before the end of the period within which an appeal may be made (whether under paragraph <ref href="#d28e53023">10Z7CG</ref> or otherwise), or</p></content></level><level class="para2"><num>(ii)</num><content><p>if an appeal is made within that period, before the appeal is determined or otherwise disposed of.</p></content></level></level></subparagraph><subparagraph><num>(7)</num><content><p>The question of whether the realisation of the cryptoasset would be contrary to the public interest is to be determined with particular reference to how likely it is that the entry of the cryptoasset into general circulation would facilitate criminal conduct by any person.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Proceeds of realisation</heading><paragraph eId="d28e53390" class="schProv1"><num>10Z7CJ</num><subparagraph><num>(1)</num><content><p>This paragraph applies where any cryptoasset or other item of property is realised under paragraph <ref href="#d28e53261">10Z7CI</ref>.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>The proceeds of the realisation must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, they must be applied in making any payment required to be made by virtue of paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52772">(9)</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>second, they must be applied in making any payment of legal expenses which, after giving effect to paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51927">(5)</ref> (including as applied by paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52693">(5)</ref>), are payable under this sub-paragraph in pursuance of provision under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51903">(4)</ref> or, as the case may be, <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52674">(4)</ref>;</p></content></level><level class="para1" eId="d28e53447"><num>(c)</num><content><p>third, they must be applied in payment or reimbursement of any reasonable costs incurred in storing or insuring the property whilst detained under this Schedule and in realising the property;</p></content></level><level class="para1"><num>(d)</num><intro><p>fourth, they must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if the property was forfeited by a magistrates’ court or the High Court, into the Consolidated Fund;</p></content></level><level class="para2"><num>(ii)</num><content><p>if the property was forfeited by the sheriff or the Court of Session, into the Scottish Consolidated Fund.</p></content></level></level></subparagraph><subparagraph><num>(3)</num><content><p>If what is realised under paragraph <ref href="#d28e53261">10Z7CI</ref> represents part only of an item of property, the reference in sub-paragraph <ref href="#d28e53447">(2)(c)</ref> to costs incurred in storing or insuring the property is to be read as a reference to costs incurred in storing or insuring the whole of the property.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Victims etc: detained cryptoassets</heading><paragraph eId="d28e53486" class="schProv1"><num>10Z7CK</num><subparagraph eId="d28e53490"><num>(1)</num><content><p>A person who claims that any cryptoassets detained under this Schedule belong to the person may apply for some or all of the cryptoassets to be released.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>An application under sub-paragraph <ref href="#d28e53490">(1)</ref> is to be made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, to the sheriff.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>The application may be made in the course of proceedings under paragraph <ref href="#d28e50699">10Z7AG</ref> or <ref href="#d28e51854">10Z7CA</ref> or at any other time.</p></content></subparagraph><subparagraph><num>(4)</num><intro><p>The court or sheriff may, subject to sub-paragraph <ref href="#d28e53625">(8)</ref>, order the cryptoassets to which the application relates to be released to the applicant if it appears to the court or sheriff that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the cryptoassets to which the application relates, or of property which they represent, by criminal conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, property obtained by or in return for criminal conduct and nor did they then represent such property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the cryptoassets belong to the applicant.</p></content></level></subparagraph><subparagraph eId="d28e53556"><num>(5)</num><content><p>If sub-paragraph <ref href="#d28e53568">(6)</ref> applies, the court or sheriff may, subject to sub-paragraph <ref href="#d28e53625">(8)</ref>, order the cryptoassets to which the application relates to be released to the applicant or to the person from whom they were seized.</p></content></subparagraph><subparagraph eId="d28e53568"><num>(6)</num><intro><p>This sub-paragraph applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the cryptoassets to which the application relates were seized,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the court or sheriff that those cryptoassets belong to the applicant,</p></content></level><level class="para1"><num>(c)</num><content><p>the court or sheriff is satisfied that the release condition is met in relation to those cryptoassets, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under sub-paragraph <ref href="#d28e53556">(5)</ref> has been made by the person from whom those cryptoassets were seized.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>if the conditions in Part <ref href="#d28e50060">4BA</ref> for the detention of the cryptoassets are no longer met, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to cryptoassets which are subject to an application for forfeiture under paragraph <ref href="#d28e51854">10Z7CA</ref>, if the court or sheriff decides not to make an order under that paragraph in relation to the cryptoassets.</p></content></level></subparagraph><subparagraph eId="d28e53625"><num>(8)</num><content><p>If (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the cryptoassets are connected, the cryptoassets are not to be released under this paragraph (and so are to continue to be detained) until the proceedings are concluded.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Victims etc: crypto wallet freezing orders</heading><paragraph eId="d28e53634" class="schProv1"><num>10Z7CL</num><subparagraph eId="d28e53638"><num>(1)</num><content><p>A person who claims that any cryptoassets held in a crypto wallet in respect of which a crypto wallet freezing order has effect belong to the person may apply for some or all of the cryptoassets to be released.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>An application under sub-paragraph <ref href="#d28e53638">(1)</ref> is to be made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, to the sheriff.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>The application may be made in the course of proceedings under paragraph <ref href="#d28e51475">10Z7BB</ref> or <ref href="#d28e51854">10Z7CA</ref> or at any other time.</p></content></subparagraph><subparagraph><num>(4)</num><intro><p>The court or sheriff may, subject to sub-paragraph <ref href="#d28e53770">(8)</ref>, order the cryptoassets to which the application relates to be released to the applicant if it appears to the court or sheriff that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the cryptoassets to which the application relates, or of property which they represent, by criminal conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, property obtained by or in return for criminal conduct and nor did they then represent such property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the cryptoassets belong to the applicant.</p></content></level></subparagraph><subparagraph eId="d28e53704"><num>(5)</num><content><p>If sub-paragraph <ref href="#d28e53716">(6)</ref> applies, the court or sheriff may, subject to sub-paragraph <ref href="#d28e53770">(8)</ref>, order the cryptoassets to which the application relates to be released to the applicant.</p></content></subparagraph><subparagraph eId="d28e53716"><num>(6)</num><intro><p>This sub-paragraph applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the cryptoassets to which the application relates were seized,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the court or sheriff that those cryptoassets belong to the applicant,</p></content></level><level class="para1"><num>(c)</num><content><p>the court or sheriff is satisfied that the release condition is met in relation to those cryptoassets, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under sub-paragraph <ref href="#d28e53704">(5)</ref> has been made by the person from whom those cryptoassets were seized.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>if the conditions for the making of the crypto wallet freezing order are no longer met in relation to the cryptoassets to which the application relates, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to cryptoassets held in a crypto wallet subject to a crypto wallet freezing order which are subject to an application for forfeiture under paragraph <ref href="#d28e51854">10Z7CA</ref>, if the court or sheriff decides not to make an order under that paragraph in relation to the cryptoassets.</p></content></level></subparagraph><subparagraph eId="d28e53770"><num>(8)</num><intro><p>Cryptoassets are not to be released under this paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>if an application for their forfeiture under paragraph <ref href="#d28e51854">10Z7CA</ref> is made, until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded;</p></content></level><level class="para1"><num>(b)</num><content><p>if (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the cryptoassets are connected, until the proceedings are concluded.</p></content></level></subparagraph><subparagraph><num>(9)</num><content><p>In relation to cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order, references in this paragraph to a person from whom cryptoassets were seized include a reference to a person by or for whom the crypto wallet was administered immediately before the crypto wallet freezing order was made.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Compensation</heading><paragraph eId="d28e53800" class="schProv1"><num>10Z7CM</num><subparagraph><num>(1)</num><content><p>This paragraph applies if no order is made under paragraph <ref href="#d28e51854">10Z7CA</ref>, <ref href="#d28e52355">10Z7CD</ref> or <ref href="#d28e52610">10Z7CE</ref> in respect of cryptoassets detained under this Schedule or held in a crypto wallet that is subject to a crypto wallet freezing order under paragraph <ref href="#d28e51475">10Z7BB</ref>.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>Where this paragraph applies, the following may make an application to the relevant court for compensation—</p></intro><level class="para1"><num>(a)</num><content><p>a person to whom the cryptoassets belong or from whom they were seized;</p></content></level><level class="para1"><num>(b)</num><content><p>a person by or for whom a crypto wallet to which the crypto wallet freezing order applies is administered.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>If the relevant court is satisfied that the applicant has suffered loss as a result of the detention of the cryptoassets or the making of the crypto wallet freezing order and that the circumstances are exceptional, the relevant court may order compensation to be paid to the applicant.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>The amount of compensation to be paid is the amount the relevant court thinks reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by an officer of Revenue and Customs, the compensation is to be paid by the Commissioners for His Majesty’s Revenue and Customs.</p></content></subparagraph><subparagraph><num>(6)</num><intro><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by a constable, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a constable of a police force in England and Wales, it is to be paid out of the police fund from which the expenses of the police force are met;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of a constable of the Police Service of Scotland, it is to be paid by the Scottish Police Authority;</p></content></level><level class="para1"><num>(c)</num><content><p>in the case of a police officer within the meaning of the Police (Northern Ireland) Act 2000, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by a counter-terrorism financial investigator, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><intro><p>in the case of a counter-terrorism financial investigator who was—</p></intro><level class="para2"><num>(i)</num><content><p>a member of the civilian staff of a police force (including the metropolitan police force), within the meaning of Part 1 of the Police Reform and Social Responsibility Act 2011, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a member of staff of the City of London police force,</p></content></level><wrapUp><p>it is to be paid out of the police fund from which the expenses of the police force are met;</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>in the case of a counter-terrorism financial investigator who was a member of staff of the Police Service of Northern Ireland, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland.</p></content></level></subparagraph><subparagraph><num>(8)</num><content><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by an immigration officer, the compensation is to be paid by the Secretary of State.</p></content></subparagraph><subparagraph><num>(9)</num><content><p>If an order under paragraph <ref href="#d28e51475">10Z7BB</ref>, <ref href="#d28e51854">10Z7CA</ref>, <ref href="#d28e52355">10Z7CD</ref> or <ref href="#d28e52610">10Z7CE</ref> is made in respect of some of the cryptoassets detained or held, this paragraph has effect in relation to the remainder.</p></content></subparagraph><subparagraph><num>(10)</num><content><p>This paragraph does not apply if the relevant court makes an order under paragraph <ref href="#d28e53486">10Z7CK</ref> or <ref href="#d28e53634">10Z7CL</ref>.</p></content></subparagraph><subparagraph><num>(11)</num><intro><p>In this paragraph “<term refersTo="#term-relevant-court">relevant court</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, the sheriff.</p></content></level></subparagraph></paragraph></hcontainer></part><part eId="d28e53971"><num>PART 4BD</num><heading>Conversion of cryptoassets</heading><hcontainer name="crossheading" class="schGroup7"><heading>Interpretation</heading><paragraph class="schProv1"><num>10Z7D</num><subparagraph><num>(1)</num><intro><p>In this Part—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-converted-cryptoassets">converted cryptoassets</term>” is to be read in accordance with paragraphs <ref href="#d28e54639">10Z7DD</ref> and 10Z7DE;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet-freezing-order">crypto wallet freezing order</term>” has the same meaning as in Part <ref href="#d28e51123">4BB</ref> (see paragraph <ref href="#d28e51131">10Z7B</ref><ref href="#d28e51287">(6)</ref>);</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-relevant-court">relevant court</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, the sheriff;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-financial-institution">relevant financial institution</term>” has the same meaning as in Part 4B (see paragraph 10Q);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-uk-connected-cryptoasset-service-provider">UK-connected cryptoasset service provider</term>” has the same meaning as in Part <ref href="#d28e51123">4BB</ref> (see paragraph <ref href="#d28e51131">10Z7B</ref><ref href="#d28e51320">(7)</ref>).</p></content></hcontainer></subparagraph><subparagraph><num>(2)</num><content><p>Paragraph <ref href="#d28e51131">10Z7B</ref><ref href="#d28e51314">(6)(b)</ref> (administration of crypto wallets) applies in relation to this Part as it applies in relation to Part <ref href="#d28e51123">4BB</ref>.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>In this Part references to the conversion of cryptoassets into money are references to the conversion of cryptoassets into—</p></intro><level class="para1"><num>(a)</num><content><p>cash, or</p></content></level><level class="para1"><num>(b)</num><content><p>money held in an account maintained with a relevant financial institution.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>For the purposes of Parts 2 to 4, converted cryptoassets detained under this Part are not to be treated as cash detained under this Schedule.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Detained cryptoassets: conversion</heading><paragraph eId="d28e54094" class="schProv1"><num>10Z7DA</num><subparagraph><num>(1)</num><content><p>Sub-paragraph <ref href="#d28e54113">(2)</ref> applies while any cryptoassets are detained in pursuance of an order under paragraph <ref href="#d28e50579">10Z7AE</ref> or <ref href="#d28e50699">10Z7AG</ref> (including where cryptoassets are subject to forfeiture proceedings).</p></content></subparagraph><subparagraph eId="d28e54113"><num>(2)</num><content><p>A person within sub-paragraph <ref href="#d28e54122">(3)</ref> may apply to the relevant court for an order requiring all of the cryptoassets detained pursuant to the order to be converted into money.</p></content></subparagraph><subparagraph eId="d28e54122"><num>(3)</num><intro><p>The following persons are within this sub-paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>a person from whom the cryptoassets were seized.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>In deciding whether to make an order under this paragraph, the court must have regard to whether the cryptoassets (as a whole) are likely to suffer a significant loss in value during the period before they are released or forfeited (including the period during which an appeal against an order for forfeiture may be made).</p></content></subparagraph><subparagraph><num>(5)</num><intro><p>Before making an order under this paragraph the court must give an opportunity to be heard to—</p></intro><level class="para1"><num>(a)</num><content><p>the parties to the proceedings, and</p></content></level><level class="para1"><num>(b)</num><content><p>any other person who may be affected by its decision.</p></content></level></subparagraph><subparagraph eId="d28e54164"><num>(6)</num><content><p>As soon as practicable after an order is made under this paragraph, an authorised officer must convert the cryptoassets, or arrange for the cryptoassets to be converted, into money.</p></content></subparagraph><subparagraph><num>(7)</num><content><p>The conversion of cryptoassets under sub-paragraph <ref href="#d28e54164">(6)</ref> must be carried out, so far as practicable, in the manner best calculated to maximise the amount of money obtained for the cryptoassets.</p></content></subparagraph><subparagraph><num>(8)</num><content><p>At the first opportunity after the cryptoassets are converted, the authorised officer must arrange for the amount of money obtained for the cryptoassets to be paid into an interest-bearing account and held there.</p></content></subparagraph><subparagraph><num>(9)</num><content><p>Interest accruing on the amount is to be added to it on its forfeiture or release.</p></content></subparagraph><subparagraph><num>(10)</num><intro><p>Where cryptoassets are converted into money in accordance with an order made under this paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoassets are no longer to be treated as being detained in pursuance of an order under paragraph <ref href="#d28e50579">10Z7AE</ref> or <ref href="#d28e50699">10Z7AG</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>any application made under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51879">(2)</ref> in relation to the cryptoassets which has not yet been determined or otherwise disposed of (including under paragraph <ref href="#d28e52355">10Z7CD</ref> or <ref href="#d28e52610">10Z7CE</ref>) is to be treated as if it were an application made under paragraph <ref href="#d28e55077">10Z7DG</ref><ref href="#d28e55093">(2)</ref> in relation to the converted cryptoassets.</p></content></level></subparagraph><subparagraph><num>(11)</num><content><p>An order made under this paragraph must provide for notice to be given to persons affected by the order.</p></content></subparagraph><subparagraph><num>(12)</num><content><p>No appeal may be made against an order made under this paragraph.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Frozen crypto wallet: conversion</heading><paragraph eId="d28e54247" class="schProv1"><num>10Z7DB</num><subparagraph><num>(1)</num><content><p>This paragraph applies while a crypto wallet freezing order under paragraph <ref href="#d28e51475">10Z7BB</ref> has effect (including where cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order are subject to forfeiture proceedings).</p></content></subparagraph><subparagraph><num>(2)</num><content><p>A person within sub-paragraph <ref href="#d28e54269">(3)</ref> may apply to the relevant court for an order requiring all of the cryptoassets held in the crypto wallet to be converted into money.</p></content></subparagraph><subparagraph eId="d28e54269"><num>(3)</num><intro><p>The following persons are within this sub-paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>a person by or for whom the crypto wallet is administered.</p></content></level></subparagraph><subparagraph><num>(4)</num><intro><p>In deciding whether to make an order under this paragraph, the court must have regard to whether the cryptoassets (as a whole) are likely to suffer a significant loss in value during the period before—</p></intro><level class="para1"><num>(a)</num><content><p>the crypto wallet freezing order ceases to have effect, or</p></content></level><level class="para1"><num>(b)</num><content><p>the cryptoassets are forfeited (including the period during which an appeal against an order for forfeiture may be made).</p></content></level></subparagraph><subparagraph><num>(5)</num><intro><p>Before making an order under this paragraph the court must give an opportunity to be heard to—</p></intro><level class="para1"><num>(a)</num><content><p>the parties to the proceedings, and</p></content></level><level class="para1"><num>(b)</num><content><p>any other person who may be affected by its decision.</p></content></level></subparagraph><subparagraph eId="d28e54323"><num>(6)</num><content><p>As soon as practicable after an order is made under this paragraph, the UK-connected cryptoasset service provider that administers the crypto wallet must convert the cryptoassets, or arrange for the cryptoassets to be converted, into money.</p></content></subparagraph><subparagraph><num>(7)</num><content><p>The conversion of cryptoassets under sub-paragraph <ref href="#d28e54323">(6)</ref> must be carried out, so far as practicable, in the manner best calculated to maximise the amount of money obtained for the cryptoassets.</p></content></subparagraph><subparagraph><num>(8)</num><content><p>At the first opportunity after the cryptoassets are converted, the UK-connected cryptoasset service provider must arrange for the amount of money obtained for the cryptoassets to be paid into an interest-bearing account nominated by an authorised officer and held there.</p></content></subparagraph><subparagraph><num>(9)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>the UK-connected cryptoasset service provider may deduct any reasonable expenses incurred by the provider in connection with the conversion of the cryptoassets, and</p></content></level><level class="para1"><num>(b)</num><content><p>the amount to be treated as the proceeds of the conversion of the cryptoassets is to be reduced accordingly.</p></content></level></subparagraph><subparagraph><num>(10)</num><content><p>Interest accruing on the amount obtained for the cryptoassets is to be added to it on its forfeiture or release.</p></content></subparagraph><subparagraph><num>(11)</num><intro><p>Where cryptoassets are converted in accordance with an order made under this paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>the crypto wallet freezing order ceases to have effect,</p></content></level><level class="para1"><num>(b)</num><content><p>any application made under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51879">(2)</ref> in relation to the cryptoassets which has not yet been determined or otherwise disposed of (including under paragraph <ref href="#d28e52355">10Z7CD</ref> or <ref href="#d28e52610">10Z7CE</ref>) is to be treated as if it were an application made under paragraph <ref href="#d28e55077">10Z7DG</ref><ref href="#d28e55093">(2)</ref> in relation to the converted cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><content><p>any application made under paragraph <ref href="#d28e52883">10Z7CF</ref><ref href="#d28e52957">(2)</ref> in relation to the crypto wallet which has not yet been determined or otherwise disposed of may not be proceeded with.</p></content></level></subparagraph><subparagraph><num>(12)</num><content><p>An order made under this paragraph must provide for notice to be given to persons affected by the order.</p></content></subparagraph><subparagraph><num>(13)</num><content><p>No appeal may be made against an order made under this paragraph.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Conversion: existing forfeiture proceedings</heading><paragraph eId="d28e54429" class="schProv1"><num>10Z7DC</num><subparagraph><num>(1)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets are forfeited under paragraph <ref href="#d28e51854">10Z7CA</ref> or <ref href="#d28e52610">10Z7CE</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>before the cryptoassets are realised or destroyed in accordance with paragraph <ref href="#d28e53261">10Z7CI</ref>, an order is made under paragraph <ref href="#d28e54094">10Z7DA</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>paragraph <ref href="#d28e55309">10Z7DJ</ref><ref href="#d28e55313">(1)</ref> applies in relation to the converted cryptoassets as if they had been detained under paragraph <ref href="#d28e54639">10Z7DD</ref> and forfeited under paragraph <ref href="#d28e55077">10Z7DG</ref> (and accordingly paragraph <ref href="#d28e53261">10Z7CI</ref> ceases to apply).</p></wrapUp></subparagraph><subparagraph><num>(2)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets are forfeited under paragraph <ref href="#d28e51854">10Z7CA</ref> or <ref href="#d28e52610">10Z7CE</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>before the cryptoassets are realised or destroyed in accordance with paragraph <ref href="#d28e53261">10Z7CI</ref>, an order is made under paragraph <ref href="#d28e54247">10Z7DB</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>paragraph <ref href="#d28e55309">10Z7DJ</ref><ref href="#d28e55374">(2)</ref> applies in relation to the converted cryptoassets as if they had been detained under paragraph <ref href="#d28e54802">10Z7DE</ref> and forfeited under paragraph <ref href="#d28e55077">10Z7DG</ref> (and accordingly paragraph <ref href="#d28e53261">10Z7CI</ref> ceases to apply).</p></wrapUp></subparagraph><subparagraph><num>(3)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>an appeal may be made under paragraph <ref href="#d28e53023">10Z7CG</ref><ref href="#d28e53027">(1)</ref> or <ref href="#d28e53096">(2)</ref> in relation to the determination of an application under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51879">(2)</ref> for the forfeiture of cryptoassets (including where paragraph <ref href="#d28e52355">10Z7CD</ref> or <ref href="#d28e52610">10Z7CE</ref> applies), and</p></content></level><level class="para1"><num>(b)</num><content><p>an order is made under paragraph <ref href="#d28e54094">10Z7DA</ref> or <ref href="#d28e54247">10Z7DB</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>the appeal may instead be made under paragraph <ref href="#d28e55168">10Z7DH</ref> (within the time allowed by paragraph <ref href="#d28e53023">10Z7CG</ref><ref href="#d28e53137">(4)</ref>) as if it were an appeal against the determination of an application under paragraph <ref href="#d28e55077">10Z7DG</ref>.</p></wrapUp></subparagraph><subparagraph><num>(4)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>an appeal is made under paragraph <ref href="#d28e53023">10Z7CG</ref><ref href="#d28e53027">(1)</ref> or <ref href="#d28e53096">(2)</ref> in relation to the determination of an application under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51879">(2)</ref> for the forfeiture of cryptoassets (including where paragraph <ref href="#d28e52355">10Z7CD</ref> or <ref href="#d28e52610">10Z7CE</ref> applies), and</p></content></level><level class="para1"><num>(b)</num><content><p>before the appeal is determined or otherwise disposed of, an order is made under paragraph <ref href="#d28e54094">10Z7DA</ref> or <ref href="#d28e54247">10Z7DB</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>the appeal is to be treated as if it had been made under paragraph <ref href="#d28e55168">10Z7DH</ref><ref href="#d28e55172">(1)</ref> in relation to the determination of an application under paragraph <ref href="#d28e55077">10Z7DG</ref> for the forfeiture of the converted cryptoassets.</p></wrapUp></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Detained cryptoassets: detention of proceeds of conversion</heading><paragraph eId="d28e54639" class="schProv1"><num>10Z7DD</num><subparagraph eId="d28e54643"><num>(1)</num><content><p>This paragraph applies where cryptoassets are converted into money in accordance with an order under paragraph <ref href="#d28e54094">10Z7DA</ref>.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>The proceeds of the conversion (the “converted cryptoassets”) may be detained initially until the end of the period that the cryptoassets could, immediately before the conversion, have been detained under Part <ref href="#d28e50060">4BA</ref> (ignoring the possibility of any extension of that period).</p></content></subparagraph><subparagraph eId="d28e54661"><num>(3)</num><content><p>The period for which the converted cryptoassets may be detained may be extended by an order made by the relevant court.</p></content></subparagraph><subparagraph eId="d28e54667"><num>(4)</num><content><p>An order under sub-paragraph <ref href="#d28e54661">(3)</ref> may not authorise the detention of the converted cryptoassets beyond the end of the period of 2 years beginning with the relevant date; but this is subject to sub-paragraph <ref href="#d28e54679">(5)</ref>.</p></content></subparagraph><subparagraph eId="d28e54679"><num>(5)</num><content><p>The relevant court may make an order for the period of 2 years in sub-paragraph <ref href="#d28e54667">(4)</ref> to be extended to a period of up to 3 years beginning with the relevant date.</p></content></subparagraph><subparagraph><num>(6)</num><content><p>In sub-paragraphs <ref href="#d28e54667">(4)</ref> and <ref href="#d28e54679">(5)</ref> “<term refersTo="#term-the-relevant-date">the relevant date</term>” means the date on which the first order under paragraph <ref href="#d28e50579">10Z7AE</ref> or <ref href="#d28e50699">10Z7AG</ref> (as the case may be) was made in relation to the cryptoassets.</p></content></subparagraph><subparagraph><num>(7)</num><intro><p>An application for an order under sub-paragraph <ref href="#d28e54661">(3)</ref> or <ref href="#d28e54679">(5)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, by the Commissioners for His Majesty’s Revenue and Customs or an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, by a procurator fiscal.</p></content></level></subparagraph><subparagraph><num>(8)</num><intro><p>The relevant court may make an order under sub-paragraph <ref href="#d28e54661">(3)</ref> only if satisfied that there are reasonable grounds for suspecting that the converted cryptoassets to be further detained—</p></intro><level class="para1"><num>(a)</num><content><p>are within subsection (1)(a) or (b) of section 1, or</p></content></level><level class="para1"><num>(b)</num><content><p>are property earmarked as terrorist property.</p></content></level></subparagraph><subparagraph eId="d28e54754"><num>(9)</num><content><p>The relevant court may make an order under sub-paragraph <ref href="#d28e54679">(5)</ref> only if satisfied that a request for assistance is outstanding in relation to the cryptoassets mentioned in sub-paragraph <ref href="#d28e54643">(1)</ref>.</p></content></subparagraph><subparagraph><num>(10)</num><intro><p>A “request for assistance” in sub-paragraph <ref href="#d28e54754">(9)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the cryptoassets, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an authorised officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Schedule, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A of the Proceeds of Crime Act 2002 (evidence overseas).</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Frozen crypto wallets: detention of proceeds of conversion</heading><paragraph eId="d28e54802" class="schProv1"><num>10Z7DE</num><subparagraph eId="d28e54806"><num>(1)</num><content><p>This paragraph applies where cryptoassets held in a crypto wallet subject to a crypto wallet freezing order are converted into money in accordance with an order under paragraph <ref href="#d28e54247">10Z7DB</ref>.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>The proceeds of the conversion (the “converted cryptoassets”) may be detained initially until the end of the period that the crypto wallet freezing order was, immediately before the conversion, due to have effect under Part <ref href="#d28e51123">4BB</ref> (ignoring the possibility of any extension of that period).</p></content></subparagraph><subparagraph eId="d28e54824"><num>(3)</num><content><p>The period for which the converted cryptoassets may be detained may be extended by an order made by the relevant court.</p></content></subparagraph><subparagraph eId="d28e54830"><num>(4)</num><content><p>An order under sub-paragraph <ref href="#d28e54824">(3)</ref> may not authorise the detention of the converted cryptoassets beyond the end of the period of 2 years beginning with the day on which the crypto wallet freezing order was made; but this is subject to sub-paragraph <ref href="#d28e54842">(5)</ref>.</p></content></subparagraph><subparagraph eId="d28e54842"><num>(5)</num><content><p>The relevant court may make an order for the period of 2 years in sub-paragraph <ref href="#d28e54830">(4)</ref> to be extended to a period of up to 3 years beginning with the day on which the crypto wallet freezing order was made.</p></content></subparagraph><subparagraph><num>(6)</num><intro><p>An application for an order under sub-paragraph <ref href="#d28e54824">(3)</ref> or <ref href="#d28e54842">(5)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, by the Commissioners for His Majesty’s Revenue and Customs or an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, by a procurator fiscal.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>The relevant court may make an order under sub-paragraph <ref href="#d28e54824">(3)</ref> only if satisfied that there are reasonable grounds for suspecting that the converted cryptoassets to be further detained—</p></intro><level class="para1"><num>(a)</num><content><p>are within subsection (1)(a) or (b) of section 1, or</p></content></level><level class="para1"><num>(b)</num><content><p>are property earmarked as terrorist property.</p></content></level></subparagraph><subparagraph eId="d28e54896"><num>(8)</num><content><p>The relevant court may make an order under sub-paragraph <ref href="#d28e54842">(5)</ref> only if satisfied that a request for assistance is outstanding in relation to the cryptoassets mentioned in sub-paragraph <ref href="#d28e54806">(1)</ref>.</p></content></subparagraph><subparagraph><num>(9)</num><intro><p>A “request for assistance” in sub-paragraph <ref href="#d28e54896">(8)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the cryptoassets, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an authorised officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Schedule, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A of the Proceeds of Crime Act 2002 (evidence overseas).</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Release of detained converted cryptoassets</heading><paragraph class="schProv1"><num>10Z7DF</num><subparagraph><num>(1)</num><content><p>This paragraph applies while any converted cryptoassets are detained under paragraph <ref href="#d28e54639">10Z7DD</ref> or <ref href="#d28e54802">10Z7DE</ref>.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>The relevant court may, subject to sub-paragraph <ref href="#d28e55053">(7)</ref>, direct the release of the whole or any part of the converted cryptoassets if the following condition is met.</p></content></subparagraph><subparagraph eId="d28e54969"><num>(3)</num><intro><p>The condition is that, on an application by the relevant person, the court is not satisfied that there are reasonable grounds for suspecting that the converted cryptoassets to be released—</p></intro><level class="para1"><num>(a)</num><content><p>are within subsection (1)(a) or (b) of section 1, or</p></content></level><level class="para1"><num>(b)</num><content><p>are property earmarked as terrorist property.</p></content></level></subparagraph><subparagraph><num>(4)</num><intro><p>In sub-paragraph <ref href="#d28e54969">(3)</ref> “<term refersTo="#term-the-relevant-person">the relevant person</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of converted cryptoassets detained under paragraph <ref href="#d28e54639">10Z7DD</ref>, the person from whom the cryptoassets mentioned in sub-paragraph <ref href="#d28e54643">(1)</ref> of that paragraph were seized, and</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of converted cryptoassets detained under paragraph <ref href="#d28e54802">10Z7DE</ref>, any person affected by the crypto wallet freezing order mentioned in sub-paragraph <ref href="#d28e54806">(1)</ref> of that paragraph.</p></content></level></subparagraph><subparagraph><num>(5)</num><content><p>A person within sub-paragraph <ref href="#d28e55035">(6)</ref> may, subject to sub-paragraph <ref href="#d28e55053">(7)</ref> and after notifying the magistrates’ court or sheriff under whose order converted cryptoassets are being detained, release the whole or any part of the converted cryptoassets if satisfied that the detention is no longer justified.</p></content></subparagraph><subparagraph eId="d28e55035"><num>(6)</num><intro><p>The following persons are within this sub-paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales or Northern Ireland, an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, a procurator fiscal.</p></content></level></subparagraph><subparagraph eId="d28e55053"><num>(7)</num><intro><p>Converted cryptoassets are not to be released under this paragraph (and so are to continue to be detained)—</p></intro><level class="para1"><num>(a)</num><content><p>if an application for their forfeiture under paragraph <ref href="#d28e55077">10Z7DG</ref> is made, until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded;</p></content></level><level class="para1"><num>(b)</num><content><p>if (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the converted cryptoassets are connected, until the proceedings are concluded.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Forfeiture</heading><paragraph eId="d28e55077" class="schProv1"><num>10Z7DG</num><subparagraph><num>(1)</num><content><p>This paragraph applies while any converted cryptoassets are detained under paragraph <ref href="#d28e54639">10Z7DD</ref> or <ref href="#d28e54802">10Z7DE</ref>.</p></content></subparagraph><subparagraph eId="d28e55093"><num>(2)</num><intro><p>An application for the forfeiture of some or all of the converted cryptoassets may be made—</p></intro><level class="para1"><num>(a)</num><content><p>to a magistrates’ court, by the Commissioners for His Majesty’s Revenue and Customs or an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>to the sheriff, by the Scottish Ministers.</p></content></level></subparagraph><subparagraph><num>(3)</num><intro><p>The court or sheriff may order the forfeiture of some or all of the converted cryptoassets if satisfied that the converted cryptoassets to be forfeited—</p></intro><level class="para1"><num>(a)</num><content><p>are within subsection (1)(a) or (b) of section 1, or</p></content></level><level class="para1"><num>(b)</num><content><p>are property earmarked as terrorist property.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>But in the case of property which belongs to joint tenants, one of whom is an excepted joint owner, the order may not apply to so much of it as the court thinks is attributable to the excepted joint owner’s share.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>Where an application for forfeiture is made under this paragraph, the converted cryptoassets are to continue to be detained under paragraph <ref href="#d28e54639">10Z7DD</ref> or <ref href="#d28e54802">10Z7DE</ref> (and may not be released under any power conferred by this Part) until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.</p></content></subparagraph><subparagraph><num>(6)</num><intro><p>For the purposes of this paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>an excepted joint owner is a joint tenant who obtained the property in circumstances in which it would not (as against them) be earmarked, and</p></content></level><level class="para1"><num>(b)</num><content><p>references to the excepted joint owner’s share of property are to so much of the property as would have been theirs if the joint tenancy had been severed.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Forfeiture: appeals</heading><paragraph eId="d28e55168" class="schProv1"><num>10Z7DH</num><subparagraph eId="d28e55172"><num>(1)</num><intro><p>Any party to proceedings for an order for the forfeiture of converted cryptoassets under paragraph <ref href="#d28e55077">10Z7DG</ref> who is aggrieved by an order under that paragraph or by the decision of the court not to make such an order may appeal—</p></intro><level class="para1"><num>(a)</num><content><p>from an order or decision of a magistrates’ court in England and Wales, to the Crown Court;</p></content></level><level class="para1"><num>(b)</num><content><p>from an order or decision of the sheriff, to the Sheriff Appeal Court;</p></content></level><level class="para1"><num>(c)</num><content><p>from an order or decision of a magistrates’ court in Northern Ireland, to a county court.</p></content></level></subparagraph><subparagraph><num>(2)</num><content><p>An appeal under sub-paragraph <ref href="#d28e55172">(1)</ref> must be made before the end of the period of 30 days starting with the day on which the court makes the order or decision.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>The court hearing the appeal may make any order it thinks appropriate.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>If the court upholds an appeal against an order forfeiting the converted cryptoassets, it may, subject to sub-paragraph <ref href="#d28e55223">(5)</ref>, order the release of some or all of the converted cryptoassets.</p></content></subparagraph><subparagraph eId="d28e55223"><num>(5)</num><content><p>If (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the converted cryptoassets are connected, the converted cryptoassets are not to be released under this paragraph (and so are to continue to be detained) until the proceedings are concluded.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Extended time for appealing in certain cases where deproscription order made</heading><paragraph class="schProv1"><num>10Z7DI</num><subparagraph><num>(1)</num><intro><p>This paragraph applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a successful application for an order under paragraph <ref href="#d28e55077">10Z7DG</ref> relies (wholly or partly) on the fact that an organisation is proscribed,</p></content></level><level class="para1"><num>(b)</num><content><p>an application under section 4 of the Terrorism Act 2000 for a deproscription order in respect of the organisation is refused by the Secretary of State,</p></content></level><level class="para1"><num>(c)</num><content><p>the converted cryptoassets forfeited by the order under paragraph <ref href="#d28e55077">10Z7DG</ref> were converted from cryptoassets which were seized under this Schedule on or after the date of the refusal of that application,</p></content></level><level class="para1"><num>(d)</num><content><p>an appeal against that refusal is allowed under section 5 of the Terrorism Act 2000,</p></content></level><level class="para1"><num>(e)</num><content><p>a deproscription order is made accordingly, and</p></content></level><level class="para1"><num>(f)</num><content><p>if the order is made in reliance on section 123(5) of the Terrorism Act 2000, a resolution is passed by each House of Parliament under section 123(5)(b) of that Act.</p></content></level></subparagraph><subparagraph><num>(2)</num><content><p>Where this paragraph applies, an appeal under paragraph <ref href="#d28e55168">10Z7DH</ref> against the making of an order under paragraph <ref href="#d28e55077">10Z7DG</ref> may be brought at any time before the end of the period of 30 days beginning with the date on which the deproscription order comes into force.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>In this paragraph a “<term refersTo="#term-deproscription-order">deproscription order</term>” means an order under section 3(3)(b) or (8) of the Terrorism Act 2000.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Application of forfeited converted cryptoassets</heading><paragraph eId="d28e55309" class="schProv1"><num>10Z7DJ</num><subparagraph eId="d28e55313"><num>(1)</num><intro><p>Converted cryptoassets detained under paragraph <ref href="#d28e54639">10Z7DD</ref> and forfeited under paragraph <ref href="#d28e55077">10Z7DG</ref>, and any accrued interest on them, must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, they must be applied in making any payment of reasonable expenses incurred by an authorised officer in connection with the safe storage of the cryptoassets mentioned in paragraph <ref href="#d28e54639">10Z7DD</ref><ref href="#d28e54643">(1)</ref> during the period the cryptoassets were detained under Part <ref href="#d28e50060">4BA</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>second, they must be applied in making any payment of reasonable expenses incurred by an authorised officer in connection with the conversion of those cryptoassets under paragraph <ref href="#d28e54094">10Z7DA</ref><ref href="#d28e54164">(6)</ref>;</p></content></level><level class="para1"><num>(c)</num><content><p>third, they must be applied in making any payment of reasonable expenses incurred by an authorised officer in connection with the detention of the converted cryptoassets under this Part;</p></content></level><level class="para1"><num>(d)</num><intro><p>fourth, they must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if forfeited by a magistrates’ court in England and Wales or Northern Ireland, into the Consolidated Fund, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if forfeited by the sheriff, into the Scottish Consolidated Fund.</p></content></level></level></subparagraph><subparagraph eId="d28e55374"><num>(2)</num><intro><p>Converted cryptoassets detained under paragraph <ref href="#d28e54802">10Z7DE</ref> and forfeited under paragraph <ref href="#d28e55077">10Z7DG</ref>, and any accrued interest on them, must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, they must be applied in making any payment of reasonable expenses incurred by an authorised officer in connection with the detention of the converted cryptoassets under this Part;</p></content></level><level class="para1"><num>(b)</num><intro><p>second, they must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if forfeited by a magistrates’ court in England and Wales or Northern Ireland, into the Consolidated Fund, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if forfeited by the sheriff, into the Scottish Consolidated Fund.</p></content></level></level></subparagraph><subparagraph><num>(3)</num><intro><p>But converted cryptoassets are not to be applied or paid under sub-paragraph <ref href="#d28e55313">(1)</ref> or <ref href="#d28e55374">(2)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>before the end of the period within which an appeal under paragraph <ref href="#d28e55168">10Z7DH</ref> may be made, or</p></content></level><level class="para1"><num>(b)</num><content><p>if a person appeals under that paragraph, before the appeal is determined or otherwise disposed of.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Victims etc</heading><paragraph eId="d28e55440" class="schProv1"><num>10Z7DK</num><subparagraph><num>(1)</num><content><p>This paragraph applies where converted cryptoassets are detained under this Part.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>Where this paragraph applies, a person (“<term refersTo="#term-p">P</term>”) who claims that the relevant cryptoassets belonged to P immediately before—</p></intro><level class="para1"><num>(a)</num><content><p>the relevant cryptoassets were seized, or</p></content></level><level class="para1" eId="d28e55465"><num>(b)</num><content><p>the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held,</p></content></level><wrapUp><p>may apply to the relevant court for some or all of the converted cryptoassets to be released to P.</p></wrapUp></subparagraph><subparagraph><num>(3)</num><content><p>The application may be made in the course of proceedings under paragraph <ref href="#d28e54639">10Z7DD</ref>, <ref href="#d28e54802">10Z7DE</ref> or <ref href="#d28e55077">10Z7DG</ref> or at any other time.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>The relevant court may, subject to sub-paragraph <ref href="#d28e55614">(9)</ref>, order the converted cryptoassets to which the application relates to be released to the applicant if it appears to the relevant court that the condition in sub-paragraph <ref href="#d28e55500">(5)</ref> is met.</p></content></subparagraph><subparagraph eId="d28e55500"><num>(5)</num><intro><p>The condition in this sub-paragraph is that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the relevant cryptoassets, or of property which they represent, by criminal conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the relevant cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, property obtained by or in return for criminal conduct and nor did they then represent such property, and</p></content></level><level class="para1"><num>(c)</num><intro><p>the relevant cryptoassets belonged to the applicant immediately before—</p></intro><level class="para2"><num>(i)</num><content><p>the relevant cryptoassets were seized, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held.</p></content></level></level></subparagraph><subparagraph eId="d28e55536"><num>(6)</num><content><p>If sub-paragraph <ref href="#d28e55548">(7)</ref> applies, the relevant court may, subject to sub-paragraph <ref href="#d28e55614">(9)</ref>, order the converted cryptoassets to which the application relates to be released to the applicant or to the person from whom the relevant cryptoassets were seized.</p></content></subparagraph><subparagraph eId="d28e55548"><num>(7)</num><intro><p>This sub-paragraph applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the relevant cryptoassets were seized,</p></content></level><level class="para1"><num>(b)</num><intro><p>it appears to the relevant court that the relevant cryptoassets belonged to the applicant immediately before—</p></intro><level class="para2"><num>(i)</num><content><p>the relevant cryptoassets were seized, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held,</p></content></level></level><level class="para1"><num>(c)</num><content><p>the relevant court is satisfied that the release condition is met in relation to the converted cryptoassets, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under sub-paragraph <ref href="#d28e55536">(6)</ref> has been made by the person from whom the relevant cryptoassets were seized.</p></content></level></subparagraph><subparagraph><num>(8)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>if the conditions in this Part for the detention of the converted cryptoassets are no longer met, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to converted cryptoassets which are subject to an application for forfeiture under paragraph <ref href="#d28e55077">10Z7DG</ref>, if the court or sheriff decides not to make an order under that paragraph in relation to the converted cryptoassets.</p></content></level></subparagraph><subparagraph eId="d28e55614"><num>(9)</num><content><p>If (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the converted cryptoassets are connected, the converted cryptoassets are not to be released under this paragraph (and so are to continue to be detained) until the proceedings are concluded</p></content></subparagraph><subparagraph><num>(10)</num><content><p>Where sub-paragraph <ref href="#d28e55465">(2)(b)</ref> applies, references in this paragraph to a person from whom relevant cryptoassets were seized include a reference to a person by or for whom the crypto wallet mentioned in that provision was administered immediately before the crypto wallet freezing order was made in relation to the crypto wallet.</p></content></subparagraph><subparagraph><num>(11)</num><intro><p>In this paragraph “<term refersTo="#term-the-relevant-cryptoassets">the relevant cryptoassets</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to converted cryptoassets detained under paragraph <ref href="#d28e54639">10Z7DD</ref>, some or all of the cryptoassets mentioned in sub-paragraph <ref href="#d28e54643">(1)</ref> of that paragraph, and</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to converted cryptoassets detained under paragraph <ref href="#d28e54802">10Z7DE</ref>, some or all of the cryptoassets mentioned in sub-paragraph <ref href="#d28e54806">(1)</ref> of that paragraph.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Compensation</heading><paragraph class="schProv1"><num>10Z7DL</num><subparagraph><num>(1)</num><content><p>This paragraph applies if no order is made under paragraph <ref href="#d28e55077">10Z7DG</ref> in respect of converted cryptoassets detained under this Part.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>Where this paragraph applies, the following may make an application to the relevant court for compensation—</p></intro><level class="para1"><num>(a)</num><content><p>a person to whom the relevant cryptoassets belonged immediately before they were seized;</p></content></level><level class="para1"><num>(b)</num><content><p>a person from whom the relevant cryptoassets were seized;</p></content></level><level class="para1"><num>(c)</num><content><p>a person by or for whom the crypto wallet mentioned in paragraph <ref href="#d28e54802">10Z7DE</ref><ref href="#d28e54806">(1)</ref> was administered immediately before the crypto wallet freezing order was made in relation to the crypto wallet.</p></content></level></subparagraph><subparagraph><num>(3)</num><intro><p>If the relevant court is satisfied that—</p></intro><level class="para1"><num>(a)</num><intro><p>the applicant has suffered loss as a result of—</p></intro><level class="para2"><num>(i)</num><content><p>the conversion of the relevant cryptoassets into money, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the detention of the converted cryptoassets, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>the circumstances are exceptional,</p></content></level><wrapUp><p>the relevant court may order compensation to be paid to the applicant.</p></wrapUp></subparagraph><subparagraph><num>(4)</num><content><p>The amount of compensation to be paid is the amount the relevant court thinks reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by an officer of Revenue and Customs, the compensation is to be paid by the Commissioners for His Majesty’s Revenue and Customs.</p></content></subparagraph><subparagraph><num>(6)</num><intro><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by a constable, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a constable of a police force in England and Wales, it is to be paid out of the police fund from which the expenses of the police force are met;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of a constable of the Police Service of Scotland, it is to be paid by the Scottish Police Authority;</p></content></level><level class="para1"><num>(c)</num><content><p>in the case of a police officer within the meaning of the Police (Northern Ireland) Act 2000, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by a counter-terrorism financial investigator, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><intro><p>in the case of a counter-terrorism financial investigator who was—</p></intro><level class="para2"><num>(i)</num><content><p>a member of the civilian staff of a police force (including the metropolitan police force), within the meaning of Part 1 of the Police Reform and Social Responsibility Act 2011, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a member of staff of the City of London police force,</p></content></level><wrapUp><p>it is to be paid out of the police fund from which the expenses of the police force are met;</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>in the case of a counter-terrorism financial investigator who was a member of staff of the Police Service of Northern Ireland, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland.</p></content></level></subparagraph><subparagraph><num>(8)</num><content><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by an immigration officer, the compensation is to be paid by the Secretary of State.</p></content></subparagraph><subparagraph><num>(9)</num><content><p>This paragraph does not apply if the relevant court makes an order under paragraph <ref href="#d28e55440">10Z7DK</ref>.</p></content></subparagraph><subparagraph><num>(10)</num><intro><p>In this paragraph—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-the-relevant-cryptoassets">the relevant cryptoassets</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to converted cryptoassets detained under paragraph <ref href="#d28e54639">10Z7DD</ref>, the cryptoassets mentioned in sub-paragraph <ref href="#d28e54643">(1)</ref> of that paragraph;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to converted cryptoassets detained under paragraph <ref href="#d28e54802">10Z7DE</ref>, the cryptoassets mentioned in sub-paragraph <ref href="#d28e54806">(1)</ref> of that paragraph;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-relevant-crypto-wallet-freezing-order">the relevant crypto wallet freezing order</term>”, in relation to converted cryptoassets detained under paragraph <ref href="#d28e54802">10Z7DE</ref>, means the crypto wallet freezing order mentioned in sub-paragraph <ref href="#d28e54806">(1)</ref> of that paragraph.</p></content></hcontainer></subparagraph></paragraph></hcontainer></part></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-3" class="schProv1"><num>3</num><content><p><mod>In Part 1, in paragraph 1(1) (terrorist cash), for “and 4B” substitute <quotedText>“to <ref href="#d28e53971">4BD</ref>”</quotedText>.</mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-10-paragraph-4" class="schProv1"><num>4</num><content><p><mod>In Part 4B (forfeiture of terrorist money held in bank and building society accounts), after paragraph 10Z6 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="crossheading" class="schGroup7"><heading>Victims etc</heading><paragraph class="schProv1"><num>10Z6A</num><subparagraph><num>(1)</num><content><p>A person who claims that money in respect of which an account freezing order has effect belongs to them may apply to the relevant court for the money to be released.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>The application may be made in the course of proceedings under paragraph 10S or 10Z2 or at any other time.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>The court may, subject to sub-paragraph <ref href="#d28e56002">(7)</ref>, order the money to which the application relates to be released to the applicant if it appears to the court that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the money to which the application relates, or of property which it represents, by criminal conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the money the applicant was deprived of was not, immediately before the applicant was deprived of it, property obtained by or in return for criminal conduct and nor did it then represent such property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the money belongs to the applicant.</p></content></level></subparagraph><subparagraph eId="d28e55939"><num>(4)</num><content><p>If sub-paragraph <ref href="#d28e55951">(5)</ref> applies, the court may, subject to sub-paragraph <ref href="#d28e56002">(7)</ref>, order the money to which the application relates to be released to the applicant.</p></content></subparagraph><subparagraph eId="d28e55951"><num>(5)</num><intro><p>This sub-paragraph applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the money to which the application relates was seized,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the court that the money belongs to the applicant,</p></content></level><level class="para1"><num>(c)</num><content><p>the court is satisfied that the release condition is met in relation to the money, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under sub-paragraph <ref href="#d28e55939">(4)</ref> has been made by the person from whom the money was seized.</p></content></level></subparagraph><subparagraph><num>(6)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to money held in a frozen account, if the conditions for making an order under paragraph 10S in relation to the money are no longer met, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to money held in a frozen account which is subject to an application for forfeiture under paragraph 10Z2, if the court or sheriff decides not to make an order under that paragraph in relation to the money.</p></content></level></subparagraph><subparagraph eId="d28e56002"><num>(7)</num><intro><p>Money is not to be released under this paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>if an account forfeiture notice under paragraph 10W is given in respect of the money, until any proceedings in pursuance of the notice (including any proceedings on appeal) are concluded;</p></content></level><level class="para1"><num>(b)</num><content><p>if an application for its forfeiture under paragraph 10Z2, is made, until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded;</p></content></level><level class="para1"><num>(c)</num><content><p>if (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the cash is connected, until the proceedings are concluded.</p></content></level></subparagraph><subparagraph><num>(8)</num><content><p>In relation to money held in an account that is subject to an account freezing order, references in this paragraph to a person from whom money was seized include a reference to a person by or for whom the account was operated immediately before the account freezing order was made.</p></content></subparagraph></paragraph></hcontainer></quotedStructure></mod></p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-10-paragraph-5" class="schProv1"><num>5</num><content><p><mod>In Part 6, in paragraph 19(1), at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” has the meaning given by paragraph <ref href="#d28e50068">10Z7A</ref><ref href="#d28e50072">(1)</ref>;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet">crypto wallet</term>” has the meaning given by paragraph <ref href="#d28e50068">10Z7A</ref><ref href="#d28e50072">(1)</ref>;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-justice-of-the-peace">justice of the peace</term>”, in relation to Northern Ireland, means lay magistrate;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-terrorist-cryptoasset">terrorist cryptoasset</term>” has the meaning given by paragraph <ref href="#d28e50068">10Z7A</ref><ref href="#d28e50072">(1)</ref>;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph>
<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-10-part-2"><num>PART 2</num><heading>Amendments to the Terrorism Act 2000</heading><paragraph eId="schedule-10-paragraph-6" class="schProv1"><num>6</num><content><p>The Terrorism Act 2000 is amended as follows.</p></content></paragraph><paragraph eId="schedule-10-paragraph-7" class="schProv1"><num>7</num><intro><p>In Schedule 6 (financial information)—</p></intro><level class="para1" eId="schedule-10-paragraph-7-a"><num>(a)</num><intro><p>in paragraph 6(1) (meaning of financial institution)—</p></intro><level class="para2" eId="schedule-10-paragraph-7-a-i"><num>(i)</num><content><p>omit the “and” after paragraph (ha), and</p></content></level><level class="para2" eId="schedule-10-paragraph-7-a-ii"><num>(ii)</num><content><p><mod>after paragraph (i) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(j)</num><content><p>a cryptoasset exchange provider, and</p></content></level><level class="para1"><num>(k)</num><content><p>a custodian wallet provider.</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="schedule-10-paragraph-7-b"><num>(b)</num><content><p><mod>after paragraph 6(1AA) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(1AB)</num><intro><p>For the purposes of sub-paragraph (1)(j), “<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para1"><num>(a)</num><content><p>exchanging or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets,</p></content></level><level class="para1"><num>(b)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another, or</p></content></level><level class="para1"><num>(c)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets.</p></content></level></subparagraph><subparagraph><num>(1AC)</num><intro><p>For the purposes of sub-paragraph (1)(k), “<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para1"><num>(b)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets.</p></content></level></subparagraph><subparagraph><num>(1AD)</num><content><p>For the purposes of sub-paragraphs (1AB) and (1AC), “<term refersTo="#term-cryptoasset">cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically.</p></content></subparagraph><subparagraph><num>(1AE)</num><intro><p>For the purposes of sub-paragraph (1AB)—</p></intro><level class="para1"><num>(a)</num><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, the cryptoasset;</p></content></level><level class="para1"><num>(b)</num><intro><p>“<term refersTo="#term-money">money</term>” means—</p></intro><level class="para2"><num>(i)</num><content><p>money in sterling,</p></content></level><level class="para2"><num>(ii)</num><content><p>money in any other currency, or</p></content></level><level class="para2"><num>(iii)</num><content><p>money in any other medium of exchange,</p></content></level><wrapUp><p>but does not include a cryptoasset.</p></wrapUp></level></subparagraph><subparagraph><num>(1AF)</num><content><p>The Secretary of State may by regulations amend the definitions in sub-paragraphs (1AB) to (1AE).”</p></content></subparagraph></quotedStructure></mod></p></content></level></paragraph><paragraph eId="schedule-10-paragraph-8" class="schProv1"><num>8</num><content><p><mod>In section 123 (orders and regulations), after subsection (6ZE) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6ZF)</num><content><p>Regulations under paragraph 6(1AF) of Schedule 6 may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</p></content></subsection></quotedStructure></mod></p></content></paragraph></part>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-10-paragraph-6" class="schProv1"><num>6</num><content><p>The Terrorism Act 2000 is amended as follows.</p></content></paragraph>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-10-paragraph-7" class="schProv1"><num>7</num><intro><p>In Schedule 6 (financial information)—</p></intro><level class="para1" eId="schedule-10-paragraph-7-a"><num>(a)</num><intro><p>in paragraph 6(1) (meaning of financial institution)—</p></intro><level class="para2" eId="schedule-10-paragraph-7-a-i"><num>(i)</num><content><p>omit the “and” after paragraph (ha), and</p></content></level><level class="para2" eId="schedule-10-paragraph-7-a-ii"><num>(ii)</num><content><p><mod>after paragraph (i) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(j)</num><content><p>a cryptoasset exchange provider, and</p></content></level><level class="para1"><num>(k)</num><content><p>a custodian wallet provider.</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="schedule-10-paragraph-7-b"><num>(b)</num><content><p><mod>after paragraph 6(1AA) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(1AB)</num><intro><p>For the purposes of sub-paragraph (1)(j), “<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para1"><num>(a)</num><content><p>exchanging or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets,</p></content></level><level class="para1"><num>(b)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another, or</p></content></level><level class="para1"><num>(c)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets.</p></content></level></subparagraph><subparagraph><num>(1AC)</num><intro><p>For the purposes of sub-paragraph (1)(k), “<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para1"><num>(b)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets.</p></content></level></subparagraph><subparagraph><num>(1AD)</num><content><p>For the purposes of sub-paragraphs (1AB) and (1AC), “<term refersTo="#term-cryptoasset">cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically.</p></content></subparagraph><subparagraph><num>(1AE)</num><intro><p>For the purposes of sub-paragraph (1AB)—</p></intro><level class="para1"><num>(a)</num><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, the cryptoasset;</p></content></level><level class="para1"><num>(b)</num><intro><p>“<term refersTo="#term-money">money</term>” means—</p></intro><level class="para2"><num>(i)</num><content><p>money in sterling,</p></content></level><level class="para2"><num>(ii)</num><content><p>money in any other currency, or</p></content></level><level class="para2"><num>(iii)</num><content><p>money in any other medium of exchange,</p></content></level><wrapUp><p>but does not include a cryptoasset.</p></wrapUp></level></subparagraph><subparagraph><num>(1AF)</num><content><p>The Secretary of State may by regulations amend the definitions in sub-paragraphs (1AB) to (1AE).”</p></content></subparagraph></quotedStructure></mod></p></content></level></paragraph>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-10-paragraph-7-a"><num>(a)</num><intro><p>in paragraph 6(1) (meaning of financial institution)—</p></intro><level class="para2" eId="schedule-10-paragraph-7-a-i"><num>(i)</num><content><p>omit the “and” after paragraph (ha), and</p></content></level><level class="para2" eId="schedule-10-paragraph-7-a-ii"><num>(ii)</num><content><p><mod>after paragraph (i) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(j)</num><content><p>a cryptoasset exchange provider, and</p></content></level><level class="para1"><num>(k)</num><content><p>a custodian wallet provider.</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="schedule-10-paragraph-7-a-i"><num>(i)</num><content><p>omit the “and” after paragraph (ha), and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="schedule-10-paragraph-7-a-ii"><num>(ii)</num><content><p><mod>after paragraph (i) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(j)</num><content><p>a cryptoasset exchange provider, and</p></content></level><level class="para1"><num>(k)</num><content><p>a custodian wallet provider.</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-10-paragraph-7-b"><num>(b)</num><content><p><mod>after paragraph 6(1AA) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(1AB)</num><intro><p>For the purposes of sub-paragraph (1)(j), “<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para1"><num>(a)</num><content><p>exchanging or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets,</p></content></level><level class="para1"><num>(b)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another, or</p></content></level><level class="para1"><num>(c)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets.</p></content></level></subparagraph><subparagraph><num>(1AC)</num><intro><p>For the purposes of sub-paragraph (1)(k), “<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para1"><num>(b)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets.</p></content></level></subparagraph><subparagraph><num>(1AD)</num><content><p>For the purposes of sub-paragraphs (1AB) and (1AC), “<term refersTo="#term-cryptoasset">cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically.</p></content></subparagraph><subparagraph><num>(1AE)</num><intro><p>For the purposes of sub-paragraph (1AB)—</p></intro><level class="para1"><num>(a)</num><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, the cryptoasset;</p></content></level><level class="para1"><num>(b)</num><intro><p>“<term refersTo="#term-money">money</term>” means—</p></intro><level class="para2"><num>(i)</num><content><p>money in sterling,</p></content></level><level class="para2"><num>(ii)</num><content><p>money in any other currency, or</p></content></level><level class="para2"><num>(iii)</num><content><p>money in any other medium of exchange,</p></content></level><wrapUp><p>but does not include a cryptoasset.</p></wrapUp></level></subparagraph><subparagraph><num>(1AF)</num><content><p>The Secretary of State may by regulations amend the definitions in sub-paragraphs (1AB) to (1AE).”</p></content></subparagraph></quotedStructure></mod></p></content></level>
<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-10-paragraph-8" class="schProv1"><num>8</num><content><p><mod>In section 123 (orders and regulations), after subsection (6ZE) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6ZF)</num><content><p>Regulations under paragraph 6(1AF) of Schedule 6 may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</p></content></subsection></quotedStructure></mod></p></content></paragraph>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="schedule" eId="schedule-11"><num>SCHEDULE 11<authorialNote class="referenceNote"><p>Section 193</p></authorialNote></num><heading>Economic crime offences</heading><hcontainer name="crossheading" class="schGroup7" eId="d28e56292"><heading>Common law offences</heading><paragraph eId="schedule-11-paragraph-1" class="schProv1"><num>1</num><content><p>Cheating the public revenue.</p></content></paragraph><paragraph eId="schedule-11-paragraph-2" class="schProv1"><num>2</num><content><p>Conspiracy to defraud.</p></content></paragraph><paragraph eId="schedule-11-paragraph-3" class="schProv1"><num>3</num><intro><p>In Scotland, the following offences at common law—</p></intro><level class="para1" eId="schedule-11-paragraph-3-a"><num>(a)</num><content><p>fraud;</p></content></level><level class="para1" eId="schedule-11-paragraph-3-b"><num>(b)</num><content><p>uttering;</p></content></level><level class="para1" eId="schedule-11-paragraph-3-c"><num>(c)</num><content><p>embezzlement;</p></content></level><level class="para1" eId="schedule-11-paragraph-3-d"><num>(d)</num><content><p>theft.</p></content></level></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e56343"><heading>Statutory offences</heading><paragraph eId="schedule-11-paragraph-4" class="schProv1"><num>4</num><intro><p>An offence under any of the following provisions of the Theft Act 1968—</p></intro><level class="para1" eId="schedule-11-paragraph-4-a"><num>(a)</num><content><p>section 1 (theft);</p></content></level><level class="para1" eId="schedule-11-paragraph-4-b"><num>(b)</num><content><p>section 17 (false accounting);</p></content></level><level class="para1" eId="schedule-11-paragraph-4-c"><num>(c)</num><content><p>section 19 (false statements by company directors etc);</p></content></level><level class="para1" eId="schedule-11-paragraph-4-d"><num>(d)</num><content><p>section 20 (suppression etc of documents);</p></content></level><level class="para1" eId="schedule-11-paragraph-4-e"><num>(e)</num><content><p>section 24A (dishonestly retaining a wrongful credit).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-5" class="schProv1"><num>5</num><intro><p>An offence under any of the following provisions of the Theft Act (Northern Ireland) 1969—</p></intro><level class="para1" eId="schedule-11-paragraph-5-a"><num>(a)</num><content><p>section 1 (theft);</p></content></level><level class="para1" eId="schedule-11-paragraph-5-b"><num>(b)</num><content><p>section 17 (false accounting);</p></content></level><level class="para1" eId="schedule-11-paragraph-5-c"><num>(c)</num><content><p>section 18 (false statements by company directors etc);</p></content></level><level class="para1" eId="schedule-11-paragraph-5-d"><num>(d)</num><content><p>section 19 (suppression etc of documents);</p></content></level><level class="para1" eId="schedule-11-paragraph-5-e"><num>(e)</num><content><p>section 23A (dishonestly retaining a wrongful credit).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-6" class="schProv1"><num>6</num><intro><p>An offence under any of the following provisions of the Customs and Excise Management Act 1979—</p></intro><level class="para1" eId="schedule-11-paragraph-6-a"><num>(a)</num><content><p>section 68 (offences in relation to exportation of prohibited or restricted goods);</p></content></level><level class="para1" eId="schedule-11-paragraph-6-b"><num>(b)</num><content><p>section 167 (untrue declarations etc);</p></content></level><level class="para1" eId="schedule-11-paragraph-6-c"><num>(c)</num><content><p>section 170 (fraudulent evasion of duty).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-7" class="schProv1"><num>7</num><content><p>An offence under the Forgery and Counterfeiting Act 1981 (forgery, counterfeiting and kindred offences).</p></content></paragraph><paragraph eId="schedule-11-paragraph-8" class="schProv1"><num>8</num><content><p>An offence under section 72 of the Value Added Tax Act 1994 (fraudulent evasion of VAT).</p></content></paragraph><paragraph eId="schedule-11-paragraph-9" class="schProv1"><num>9</num><content><p>An offence under section 46A of the Criminal Law (Consolidation) (Scotland) Act 1995 (false monetary instruments).</p></content></paragraph><paragraph eId="schedule-11-paragraph-10" class="schProv1"><num>10</num><intro><p>An offence under any of the following sections of the Financial Services and Markets Act 2000—</p></intro><level class="para1" eId="schedule-11-paragraph-10-a"><num>(a)</num><content><p>section 23 (contravention of prohibition on carrying on regulated activity unless authorised or exempt);</p></content></level><level class="para1" eId="schedule-11-paragraph-10-b"><num>(b)</num><content><p>section 25 (contravention of restrictions on financial promotion);</p></content></level><level class="para1" eId="schedule-11-paragraph-10-c"><num>(c)</num><content><p>section 85 (prohibition of dealing etc in transferable securities without approved prospectus);</p></content></level><level class="para1" eId="schedule-11-paragraph-10-d"><num>(d)</num><content><p>section 398 (misleading the FCA or PRA).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-11" class="schProv1"><num>11</num><intro><p>An offence under any of the following sections of the Terrorism Act 2000—</p></intro><level class="para1" eId="schedule-11-paragraph-11-a"><num>(a)</num><content><p>section 15 (fund-raising);</p></content></level><level class="para1" eId="schedule-11-paragraph-11-b"><num>(b)</num><content><p>section 16 (use and possession);</p></content></level><level class="para1" eId="schedule-11-paragraph-11-c"><num>(c)</num><content><p>section 17 (funding arrangements);</p></content></level><level class="para1" eId="schedule-11-paragraph-11-d"><num>(d)</num><content><p>section 18 (money laundering);</p></content></level><level class="para1" eId="schedule-11-paragraph-11-e"><num>(e)</num><content><p>section 63 (terrorist finance: jurisdiction).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-12" class="schProv1"><num>12</num><intro><p>An offence under any of the following sections of the Proceeds of Crime Act 2002—</p></intro><level class="para1" eId="schedule-11-paragraph-12-a"><num>(a)</num><content><p>section 327 (concealing etc criminal property);</p></content></level><level class="para1" eId="schedule-11-paragraph-12-b"><num>(b)</num><content><p>section 328 (arrangements facilitating acquisition etc of criminal property);</p></content></level><level class="para1" eId="schedule-11-paragraph-12-c"><num>(c)</num><content><p>section 329 (acquisition, use and possession of criminal property);</p></content></level><level class="para1" eId="schedule-11-paragraph-12-d"><num>(d)</num><content><p>section 330 (failing to disclose knowledge or suspicion of money laundering);</p></content></level><level class="para1" eId="schedule-11-paragraph-12-e"><num>(e)</num><content><p>section 333A (tipping off).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-13" class="schProv1"><num>13</num><intro><p>An offence under any of the following sections of the Companies Act 2006—</p></intro><level class="para1" eId="schedule-11-paragraph-13-a"><num>(a)</num><content><p>section 658 (general rule against limited company acquiring its own shares);</p></content></level><level class="para1" eId="schedule-11-paragraph-13-b"><num>(b)</num><content><p>section 680 (prohibited financial assistance);</p></content></level><level class="para1" eId="schedule-11-paragraph-13-c"><num>(c)</num><content><p>section 993 (fraudulent trading).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-14" class="schProv1"><num>14</num><intro><p>An offence under any of the following sections of the Fraud Act 2006—</p></intro><level class="para1" eId="schedule-11-paragraph-14-a"><num>(a)</num><content><p>section 1 (fraud);</p></content></level><level class="para1" eId="schedule-11-paragraph-14-b"><num>(b)</num><content><p>section 6 (possession etc of articles for use in frauds);</p></content></level><level class="para1" eId="schedule-11-paragraph-14-c"><num>(c)</num><content><p>section 7 (making or supplying articles for use in frauds);</p></content></level><level class="para1" eId="schedule-11-paragraph-14-d"><num>(d)</num><content><p>section 9 (participating in fraudulent business carried on by sole trader);</p></content></level><level class="para1" eId="schedule-11-paragraph-14-e"><num>(e)</num><content><p>section 11 (obtaining services dishonestly).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-15" class="schProv1"><num>15</num><intro><p>An offence under any of the following sections of the Bribery Act 2010—</p></intro><level class="para1" eId="schedule-11-paragraph-15-a"><num>(a)</num><content><p>section 1 (bribing another person);</p></content></level><level class="para1" eId="schedule-11-paragraph-15-b"><num>(b)</num><content><p>section 2 (being bribed);</p></content></level><level class="para1" eId="schedule-11-paragraph-15-c"><num>(c)</num><content><p>section 6 (bribery of foreign public officials);</p></content></level><level class="para1" eId="schedule-11-paragraph-15-d"><num>(d)</num><content><p>section 7 (failure of commercial organisations to prevent bribery).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-16" class="schProv1"><num>16</num><content><p>An offence under section 49 of the Criminal Justice and Licensing (Scotland) Act 2010 (possession, making or supplying articles for use in frauds).</p></content></paragraph><paragraph eId="schedule-11-paragraph-17" class="schProv1"><num>17</num><intro><p>An offence under any of the following sections of the Financial Services Act 2012—</p></intro><level class="para1" eId="schedule-11-paragraph-17-a"><num>(a)</num><content><p>section 89 (misleading statements);</p></content></level><level class="para1" eId="schedule-11-paragraph-17-b"><num>(b)</num><content><p>section 90 (misleading impressions);</p></content></level><level class="para1" eId="schedule-11-paragraph-17-c"><num>(c)</num><content><p>section 91 (misleading statements etc in relation to benchmarks).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-18" class="schProv1"><num>18</num><content><p>An offence under section 45 or 46 of the Criminal Finances Act 2017 (failure to prevent the facilitation of UK tax evasion offences or foreign tax evasion offences).</p></content></paragraph><paragraph eId="schedule-11-paragraph-19" class="schProv1"><num>19</num><content><p>An offence under regulation 86 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.</p></content></paragraph><paragraph eId="schedule-11-paragraph-20" class="schProv1"><num>20</num><content><p>An offence under regulations made under section 49 of the Sanctions and Anti-Money Laundering Act 2018 (money laundering and terrorist financing etc).</p></content></paragraph><paragraph eId="schedule-11-paragraph-21" class="schProv1"><num>21</num><content><p>An offence under section 199 of this Act (failure to prevent fraud).</p></content></paragraph><paragraph eId="schedule-11-paragraph-22" class="schProv1"><num>22</num><subparagraph eId="schedule-11-paragraph-22-1"><num>(1)</num><content><p>An offence under an instrument made under section 2(2) of the European Communities Act 1972 for the purpose of implementing, or otherwise in relation to, EU obligations created or arising by or under an EU financial sanctions Regulation.</p></content></subparagraph><subparagraph eId="schedule-11-paragraph-22-2"><num>(2)</num><content><p>An offence under an Act or under subordinate legislation where the offence was created for the purpose of implementing a UN financial sanctions Resolution.</p></content></subparagraph><subparagraph eId="schedule-11-paragraph-22-3"><num>(3)</num><content><p>An offence under paragraph 7 of Schedule 3 to the Anti-terrorism, Crime and Security Act 2001 (freezing orders).</p></content></subparagraph><subparagraph eId="schedule-11-paragraph-22-4"><num>(4)</num><content><p>An offence under paragraph 30 or 30A of Schedule 7 to the Counter-Terrorism Act 2008 where the offence relates to a requirement of the kind mentioned in paragraph 13 of that Schedule.</p></content></subparagraph><subparagraph eId="schedule-11-paragraph-22-5"><num>(5)</num><content><p>An offence under paragraph 31 of Schedule 7 to the Counter-Terrorism Act 2008.</p></content></subparagraph><subparagraph eId="schedule-11-paragraph-22-6"><num>(6)</num><content><p>An offence under regulations made under section 1 of the Sanctions and Anti-Money Laundering Act 2018 (sanctions regulations).</p></content></subparagraph><subparagraph eId="schedule-11-paragraph-22-7"><num>(7)</num><intro><p>In this paragraph—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-eu-financial-sanctions-regulation" eId="term-eu-financial-sanctions-regulation">EU financial sanctions Regulation</term>” and “<term refersTo="#term-un-financial-sanctions-resolution" eId="term-un-financial-sanctions-resolution">UN financial sanctions Resolution</term>” have the same meanings as in Part 8 of the Policing and Crime Act 2017 (see section 143 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-subordinate-legislation" eId="term-subordinate-legislation">subordinate legislation</term>” has the same meaning as in the Interpretation Act 1978.</p></content></hcontainer></subparagraph></paragraph></hcontainer></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d28e56292"><heading>Common law offences</heading><paragraph eId="schedule-11-paragraph-1" class="schProv1"><num>1</num><content><p>Cheating the public revenue.</p></content></paragraph><paragraph eId="schedule-11-paragraph-2" class="schProv1"><num>2</num><content><p>Conspiracy to defraud.</p></content></paragraph><paragraph eId="schedule-11-paragraph-3" class="schProv1"><num>3</num><intro><p>In Scotland, the following offences at common law—</p></intro><level class="para1" eId="schedule-11-paragraph-3-a"><num>(a)</num><content><p>fraud;</p></content></level><level class="para1" eId="schedule-11-paragraph-3-b"><num>(b)</num><content><p>uttering;</p></content></level><level class="para1" eId="schedule-11-paragraph-3-c"><num>(c)</num><content><p>embezzlement;</p></content></level><level class="para1" eId="schedule-11-paragraph-3-d"><num>(d)</num><content><p>theft.</p></content></level></paragraph></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d28e56343"><heading>Statutory offences</heading><paragraph eId="schedule-11-paragraph-4" class="schProv1"><num>4</num><intro><p>An offence under any of the following provisions of the Theft Act 1968—</p></intro><level class="para1" eId="schedule-11-paragraph-4-a"><num>(a)</num><content><p>section 1 (theft);</p></content></level><level class="para1" eId="schedule-11-paragraph-4-b"><num>(b)</num><content><p>section 17 (false accounting);</p></content></level><level class="para1" eId="schedule-11-paragraph-4-c"><num>(c)</num><content><p>section 19 (false statements by company directors etc);</p></content></level><level class="para1" eId="schedule-11-paragraph-4-d"><num>(d)</num><content><p>section 20 (suppression etc of documents);</p></content></level><level class="para1" eId="schedule-11-paragraph-4-e"><num>(e)</num><content><p>section 24A (dishonestly retaining a wrongful credit).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-5" class="schProv1"><num>5</num><intro><p>An offence under any of the following provisions of the Theft Act (Northern Ireland) 1969—</p></intro><level class="para1" eId="schedule-11-paragraph-5-a"><num>(a)</num><content><p>section 1 (theft);</p></content></level><level class="para1" eId="schedule-11-paragraph-5-b"><num>(b)</num><content><p>section 17 (false accounting);</p></content></level><level class="para1" eId="schedule-11-paragraph-5-c"><num>(c)</num><content><p>section 18 (false statements by company directors etc);</p></content></level><level class="para1" eId="schedule-11-paragraph-5-d"><num>(d)</num><content><p>section 19 (suppression etc of documents);</p></content></level><level class="para1" eId="schedule-11-paragraph-5-e"><num>(e)</num><content><p>section 23A (dishonestly retaining a wrongful credit).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-6" class="schProv1"><num>6</num><intro><p>An offence under any of the following provisions of the Customs and Excise Management Act 1979—</p></intro><level class="para1" eId="schedule-11-paragraph-6-a"><num>(a)</num><content><p>section 68 (offences in relation to exportation of prohibited or restricted goods);</p></content></level><level class="para1" eId="schedule-11-paragraph-6-b"><num>(b)</num><content><p>section 167 (untrue declarations etc);</p></content></level><level class="para1" eId="schedule-11-paragraph-6-c"><num>(c)</num><content><p>section 170 (fraudulent evasion of duty).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-7" class="schProv1"><num>7</num><content><p>An offence under the Forgery and Counterfeiting Act 1981 (forgery, counterfeiting and kindred offences).</p></content></paragraph><paragraph eId="schedule-11-paragraph-8" class="schProv1"><num>8</num><content><p>An offence under section 72 of the Value Added Tax Act 1994 (fraudulent evasion of VAT).</p></content></paragraph><paragraph eId="schedule-11-paragraph-9" class="schProv1"><num>9</num><content><p>An offence under section 46A of the Criminal Law (Consolidation) (Scotland) Act 1995 (false monetary instruments).</p></content></paragraph><paragraph eId="schedule-11-paragraph-10" class="schProv1"><num>10</num><intro><p>An offence under any of the following sections of the Financial Services and Markets Act 2000—</p></intro><level class="para1" eId="schedule-11-paragraph-10-a"><num>(a)</num><content><p>section 23 (contravention of prohibition on carrying on regulated activity unless authorised or exempt);</p></content></level><level class="para1" eId="schedule-11-paragraph-10-b"><num>(b)</num><content><p>section 25 (contravention of restrictions on financial promotion);</p></content></level><level class="para1" eId="schedule-11-paragraph-10-c"><num>(c)</num><content><p>section 85 (prohibition of dealing etc in transferable securities without approved prospectus);</p></content></level><level class="para1" eId="schedule-11-paragraph-10-d"><num>(d)</num><content><p>section 398 (misleading the FCA or PRA).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-11" class="schProv1"><num>11</num><intro><p>An offence under any of the following sections of the Terrorism Act 2000—</p></intro><level class="para1" eId="schedule-11-paragraph-11-a"><num>(a)</num><content><p>section 15 (fund-raising);</p></content></level><level class="para1" eId="schedule-11-paragraph-11-b"><num>(b)</num><content><p>section 16 (use and possession);</p></content></level><level class="para1" eId="schedule-11-paragraph-11-c"><num>(c)</num><content><p>section 17 (funding arrangements);</p></content></level><level class="para1" eId="schedule-11-paragraph-11-d"><num>(d)</num><content><p>section 18 (money laundering);</p></content></level><level class="para1" eId="schedule-11-paragraph-11-e"><num>(e)</num><content><p>section 63 (terrorist finance: jurisdiction).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-12" class="schProv1"><num>12</num><intro><p>An offence under any of the following sections of the Proceeds of Crime Act 2002—</p></intro><level class="para1" eId="schedule-11-paragraph-12-a"><num>(a)</num><content><p>section 327 (concealing etc criminal property);</p></content></level><level class="para1" eId="schedule-11-paragraph-12-b"><num>(b)</num><content><p>section 328 (arrangements facilitating acquisition etc of criminal property);</p></content></level><level class="para1" eId="schedule-11-paragraph-12-c"><num>(c)</num><content><p>section 329 (acquisition, use and possession of criminal property);</p></content></level><level class="para1" eId="schedule-11-paragraph-12-d"><num>(d)</num><content><p>section 330 (failing to disclose knowledge or suspicion of money laundering);</p></content></level><level class="para1" eId="schedule-11-paragraph-12-e"><num>(e)</num><content><p>section 333A (tipping off).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-13" class="schProv1"><num>13</num><intro><p>An offence under any of the following sections of the Companies Act 2006—</p></intro><level class="para1" eId="schedule-11-paragraph-13-a"><num>(a)</num><content><p>section 658 (general rule against limited company acquiring its own shares);</p></content></level><level class="para1" eId="schedule-11-paragraph-13-b"><num>(b)</num><content><p>section 680 (prohibited financial assistance);</p></content></level><level class="para1" eId="schedule-11-paragraph-13-c"><num>(c)</num><content><p>section 993 (fraudulent trading).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-14" class="schProv1"><num>14</num><intro><p>An offence under any of the following sections of the Fraud Act 2006—</p></intro><level class="para1" eId="schedule-11-paragraph-14-a"><num>(a)</num><content><p>section 1 (fraud);</p></content></level><level class="para1" eId="schedule-11-paragraph-14-b"><num>(b)</num><content><p>section 6 (possession etc of articles for use in frauds);</p></content></level><level class="para1" eId="schedule-11-paragraph-14-c"><num>(c)</num><content><p>section 7 (making or supplying articles for use in frauds);</p></content></level><level class="para1" eId="schedule-11-paragraph-14-d"><num>(d)</num><content><p>section 9 (participating in fraudulent business carried on by sole trader);</p></content></level><level class="para1" eId="schedule-11-paragraph-14-e"><num>(e)</num><content><p>section 11 (obtaining services dishonestly).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-15" class="schProv1"><num>15</num><intro><p>An offence under any of the following sections of the Bribery Act 2010—</p></intro><level class="para1" eId="schedule-11-paragraph-15-a"><num>(a)</num><content><p>section 1 (bribing another person);</p></content></level><level class="para1" eId="schedule-11-paragraph-15-b"><num>(b)</num><content><p>section 2 (being bribed);</p></content></level><level class="para1" eId="schedule-11-paragraph-15-c"><num>(c)</num><content><p>section 6 (bribery of foreign public officials);</p></content></level><level class="para1" eId="schedule-11-paragraph-15-d"><num>(d)</num><content><p>section 7 (failure of commercial organisations to prevent bribery).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-16" class="schProv1"><num>16</num><content><p>An offence under section 49 of the Criminal Justice and Licensing (Scotland) Act 2010 (possession, making or supplying articles for use in frauds).</p></content></paragraph><paragraph eId="schedule-11-paragraph-17" class="schProv1"><num>17</num><intro><p>An offence under any of the following sections of the Financial Services Act 2012—</p></intro><level class="para1" eId="schedule-11-paragraph-17-a"><num>(a)</num><content><p>section 89 (misleading statements);</p></content></level><level class="para1" eId="schedule-11-paragraph-17-b"><num>(b)</num><content><p>section 90 (misleading impressions);</p></content></level><level class="para1" eId="schedule-11-paragraph-17-c"><num>(c)</num><content><p>section 91 (misleading statements etc in relation to benchmarks).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-18" class="schProv1"><num>18</num><content><p>An offence under section 45 or 46 of the Criminal Finances Act 2017 (failure to prevent the facilitation of UK tax evasion offences or foreign tax evasion offences).</p></content></paragraph><paragraph eId="schedule-11-paragraph-19" class="schProv1"><num>19</num><content><p>An offence under regulation 86 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.</p></content></paragraph><paragraph eId="schedule-11-paragraph-20" class="schProv1"><num>20</num><content><p>An offence under regulations made under section 49 of the Sanctions and Anti-Money Laundering Act 2018 (money laundering and terrorist financing etc).</p></content></paragraph><paragraph eId="schedule-11-paragraph-21" class="schProv1"><num>21</num><content><p>An offence under section 199 of this Act (failure to prevent fraud).</p></content></paragraph><paragraph eId="schedule-11-paragraph-22" class="schProv1"><num>22</num><subparagraph eId="schedule-11-paragraph-22-1"><num>(1)</num><content><p>An offence under an instrument made under section 2(2) of the European Communities Act 1972 for the purpose of implementing, or otherwise in relation to, EU obligations created or arising by or under an EU financial sanctions Regulation.</p></content></subparagraph><subparagraph eId="schedule-11-paragraph-22-2"><num>(2)</num><content><p>An offence under an Act or under subordinate legislation where the offence was created for the purpose of implementing a UN financial sanctions Resolution.</p></content></subparagraph><subparagraph eId="schedule-11-paragraph-22-3"><num>(3)</num><content><p>An offence under paragraph 7 of Schedule 3 to the Anti-terrorism, Crime and Security Act 2001 (freezing orders).</p></content></subparagraph><subparagraph eId="schedule-11-paragraph-22-4"><num>(4)</num><content><p>An offence under paragraph 30 or 30A of Schedule 7 to the Counter-Terrorism Act 2008 where the offence relates to a requirement of the kind mentioned in paragraph 13 of that Schedule.</p></content></subparagraph><subparagraph eId="schedule-11-paragraph-22-5"><num>(5)</num><content><p>An offence under paragraph 31 of Schedule 7 to the Counter-Terrorism Act 2008.</p></content></subparagraph><subparagraph eId="schedule-11-paragraph-22-6"><num>(6)</num><content><p>An offence under regulations made under section 1 of the Sanctions and Anti-Money Laundering Act 2018 (sanctions regulations).</p></content></subparagraph><subparagraph eId="schedule-11-paragraph-22-7"><num>(7)</num><intro><p>In this paragraph—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-eu-financial-sanctions-regulation" eId="term-eu-financial-sanctions-regulation">EU financial sanctions Regulation</term>” and “<term refersTo="#term-un-financial-sanctions-resolution" eId="term-un-financial-sanctions-resolution">UN financial sanctions Resolution</term>” have the same meanings as in Part 8 of the Policing and Crime Act 2017 (see section 143 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-subordinate-legislation" eId="term-subordinate-legislation">subordinate legislation</term>” has the same meaning as in the Interpretation Act 1978.</p></content></hcontainer></subparagraph></paragraph></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-12"><num><noteRef href="#key-82dde727db9b149063cb5dd6ad0c8568" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>SCHEDULE 12<authorialNote class="referenceNote"><p>Section 196</p></authorialNote></num><heading>Criminal liability of bodies: economic crimes</heading><hcontainer name="crossheading" class="schGroup7" eId="d28e56819"><heading>Common law offences</heading><paragraph eId="schedule-12-paragraph-1" class="schProv1"><num>1</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-2" class="schProv1"><num>2</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-3" class="schProv1"><num>3</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e56840"><heading>Statutory offences</heading><paragraph eId="schedule-12-paragraph-4" class="schProv1"><num>4</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-5" class="schProv1"><num>5</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-6" class="schProv1"><num>6</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-7" class="schProv1"><num>7</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-8" class="schProv1"><num>8</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-9" class="schProv1"><num>9</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-10" class="schProv1"><num>10</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-11" class="schProv1"><num>11</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-12" class="schProv1"><num>12</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-13" class="schProv1"><num>13</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-14" class="schProv1"><num>14</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-15" class="schProv1"><num>15</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-16" class="schProv1"><num>16</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-17" class="schProv1"><num>17</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-18" class="schProv1"><num>18</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-19" class="schProv1"><num>19</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-20" class="schProv1"><num>20</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph></hcontainer></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d28e56819"><heading>Common law offences</heading><paragraph eId="schedule-12-paragraph-1" class="schProv1"><num>1</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-2" class="schProv1"><num>2</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-3" class="schProv1"><num>3</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d28e56840"><heading>Statutory offences</heading><paragraph eId="schedule-12-paragraph-4" class="schProv1"><num>4</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-5" class="schProv1"><num>5</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-6" class="schProv1"><num>6</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-7" class="schProv1"><num>7</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-8" class="schProv1"><num>8</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-9" class="schProv1"><num>9</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-10" class="schProv1"><num>10</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-11" class="schProv1"><num>11</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-12" class="schProv1"><num>12</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-13" class="schProv1"><num>13</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-14" class="schProv1"><num>14</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-15" class="schProv1"><num>15</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-16" class="schProv1"><num>16</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-17" class="schProv1"><num>17</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-18" class="schProv1"><num>18</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-19" class="schProv1"><num>19</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-20" class="schProv1"><num>20</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="schedule" eId="schedule-13"><num>SCHEDULE 13<authorialNote class="referenceNote"><p>Section 199</p></authorialNote></num><heading>Failure to prevent fraud: fraud offences</heading><hcontainer name="crossheading" class="schGroup7" eId="d28e56955"><heading>Common law offences</heading><paragraph eId="schedule-13-paragraph-1" class="schProv1"><num>1</num><content><p>Cheating the public revenue.</p></content></paragraph></hcontainer><paragraph eId="schedule-13-paragraph-2" class="schProv1"><num>2</num><intro><p>In Scotland, the following offences at common law—</p></intro><level class="para1" eId="schedule-13-paragraph-2-a"><num>(a)</num><content><p>fraud;</p></content></level><level class="para1" eId="schedule-13-paragraph-2-b"><num>(b)</num><content><p>uttering;</p></content></level><level class="para1" eId="schedule-13-paragraph-2-c"><num>(c)</num><content><p>embezzlement.</p></content></level></paragraph><hcontainer name="crossheading" class="schGroup7" eId="d28e56992"><heading>Statutory offences</heading><paragraph eId="schedule-13-paragraph-3" class="schProv1"><num>3</num><intro><p>An offence under any of the following provisions of the Theft Act 1968—</p></intro><level class="para1" eId="schedule-13-paragraph-3-a"><num>(a)</num><content><p>section 17 (false accounting);</p></content></level><level class="para1" eId="schedule-13-paragraph-3-b"><num>(b)</num><content><p>section 19 (false statements by company directors etc).</p></content></level></paragraph></hcontainer><paragraph eId="schedule-13-paragraph-4" class="schProv1"><num>4</num><intro><p>An offence under any of the following provisions of the Theft Act (Northern Ireland) 1969—</p></intro><level class="para1" eId="schedule-13-paragraph-4-a"><num>(a)</num><content><p>section 17 (false accounting);</p></content></level><level class="para1" eId="schedule-13-paragraph-4-b"><num>(b)</num><content><p>section 18 (false statements by company directors etc).</p></content></level></paragraph><paragraph eId="schedule-13-paragraph-5" class="schProv1"><num>5</num><content><p>An offence under section 993 of the Companies Act 2006 (fraudulent trading).</p></content></paragraph><paragraph eId="schedule-13-paragraph-6" class="schProv1"><num>6</num><intro><p>An offence under any of the following provisions of the Fraud Act 2006—</p></intro><level class="para1" eId="schedule-13-paragraph-6-a"><num>(a)</num><content><p>section 1 (fraud);</p></content></level><level class="para1" eId="schedule-13-paragraph-6-b"><num>(b)</num><content><p>section 9 (participating in fraudulent business carried on by sole trader);</p></content></level><level class="para1" eId="schedule-13-paragraph-6-c"><num>(c)</num><content><p>section 11 (obtaining services dishonestly).</p></content></level></paragraph></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d28e56955"><heading>Common law offences</heading><paragraph eId="schedule-13-paragraph-1" class="schProv1"><num>1</num><content><p>Cheating the public revenue.</p></content></paragraph></hcontainer>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d28e56992"><heading>Statutory offences</heading><paragraph eId="schedule-13-paragraph-3" class="schProv1"><num>3</num><intro><p>An offence under any of the following provisions of the Theft Act 1968—</p></intro><level class="para1" eId="schedule-13-paragraph-3-a"><num>(a)</num><content><p>section 17 (false accounting);</p></content></level><level class="para1" eId="schedule-13-paragraph-3-b"><num>(b)</num><content><p>section 19 (false statements by company directors etc).</p></content></level></paragraph></hcontainer>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-193-2"><num>(2)</num><content><p>Part 1 of Schedule 9 to the Proceeds of Crime Act 2002 has effect for the purpose of determining what is a business in the regulated sector.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-193-3"><num>(3)</num><content><p>The Secretary of State may, by regulations, add an offence to or remove an offence from the list in Schedule 11.</p></content></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-power-to-strike-out-certain-claims"><heading>Power to strike out certain claims</heading><section eId="section-194"><num>194</num><heading>Strategic litigation against public participation: requirement to make rules of court</heading><subsection eId="section-194-1"><num>(1)</num><intro><p>The power to make Civil Procedure Rules must be exercised so as to secure that Civil Procedure Rules include provision for ensuring that a claim may be struck out before trial where the court determines—</p></intro><level class="para1" eId="section-194-1-a"><num>(a)</num><content><p>that the claim is a SLAPP claim (see section 195), and</p></content></level><level class="para1" eId="section-194-1-b"><num>(b)</num><content><p>that the claimant has failed to show that it is more likely than not that the claim would succeed at trial.</p></content></level></subsection><subsection eId="section-194-2"><num>(2)</num><intro><p>Rules made in compliance with subsection <ref href="#section-194-1">(1)</ref> may include rules about how a determination under that subsection is to be made, including (in particular)—</p></intro><level class="para1" eId="section-194-2-a"><num>(a)</num><content><p>rules for determining the nature and extent of the evidence that may or must be considered;</p></content></level><level class="para1" eId="section-194-2-b"><num>(b)</num><content><p>rules about the extent to which evidence may or must be tested;</p></content></level><level class="para1" eId="section-194-2-c"><num>(c)</num><content><p>rules permitting or requiring the court to determine matters of fact by way of presumptions.</p></content></level></subsection><subsection eId="section-194-3"><num>(3)</num><content><p>Rules made in compliance with subsection <ref href="#section-194-1">(1)</ref> must include rules under which the court may make a determination under that subsection of its own motion.</p></content></subsection><subsection eId="section-194-4"><num>(4)</num><content><p>The power to make Civil Procedure Rules must be exercised so as to secure that Civil Procedure Rules include provision for securing that, in respect of a SLAPP claim, a court may not order a defendant to pay the claimant’s costs except where, in the court’s view, misconduct of the defendant in relation to the claim justifies such an order.</p></content></subsection><subsection eId="section-194-5"><num>(5)</num><content><p>The Lord Chancellor may by regulations provide for subsections <ref href="#section-194-1">(1)</ref> to <ref href="#section-194-4">(4)</ref> to apply in relation to any rules of court that may be specified in the regulations as those subsections apply in relation to Civil Procedure Rules.</p></content></subsection><subsection eId="section-194-6"><num>(6)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-court" eId="term-court">court</term>” includes a tribunal;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-rules-of-court" eId="term-rules-of-court">rules of court</term>” means rules relating to the practice and procedure of a court or tribunal.</p></content></hcontainer></subsection></section><section eId="section-195"><num>195</num><heading>Meaning of “SLAPP” claim</heading><subsection eId="section-195-1"><num>(1)</num><intro><p>For the purposes of section 194 a claim is a “SLAPP claim” if—</p></intro><level class="para1" eId="section-195-1-a"><num>(a)</num><content><p>the claimant’s behaviour in relation to the matters complained of in the claim has, or is intended to have, the effect of restraining the defendant’s exercise of the right to freedom of speech,</p></content></level><level class="para1" eId="section-195-1-b"><num>(b)</num><content><p>any of the information that is or would be disclosed by the exercise of that right has to do with economic crime,</p></content></level><level class="para1" eId="section-195-1-c"><num>(c)</num><content><p>any part of that disclosure is or would be made for a purpose related to the public interest in combating economic crime, and</p></content></level><level class="para1" eId="section-195-1-d"><num>(d)</num><intro><p>any of the behaviour of the claimant in relation to the matters complained of in the claim is intended to cause the defendant—</p></intro><level class="para2" eId="section-195-1-d-i"><num>(i)</num><content><p>harassment, alarm or distress,</p></content></level><level class="para2" eId="section-195-1-d-ii"><num>(ii)</num><content><p>expense, or</p></content></level><level class="para2" eId="section-195-1-d-iii"><num>(iii)</num><content><p>any other harm or inconvenience,</p></content></level><wrapUp><p>beyond that ordinarily encountered in the course of properly conducted litigation.</p></wrapUp></level></subsection><subsection eId="section-195-2"><num>(2)</num><content><p>For the purposes of determining whether a claim meets the condition in subsection <ref href="#section-195-1-a">(1)(a)</ref> or <ref href="#section-195-1-c">(c)</ref>, any limitation prescribed by law on the exercise of the right to freedom of speech (for example in relation to the making of defamatory statements) is to be ignored.</p></content></subsection><subsection eId="section-195-3"><num>(3)</num><intro><p>For the purposes of this section, information mentioned in subsection <ref href="#section-195-1-b">(1)(b)</ref> “has to do with economic crime” if—</p></intro><level class="para1" eId="section-195-3-a"><num>(a)</num><content><p>it relates to behaviour or circumstances which the defendant reasonably believes (or, as the case requires, believed) to be evidence of the commission of an economic crime, or</p></content></level><level class="para1" eId="section-195-3-b"><num>(b)</num><content><p>the defendant has (or, as the case requires, had) reason to suspect that an economic crime may have occurred and believes (or, as the case requires, believed) that the disclosure of the information would facilitate an investigation into whether such a crime has (or had) occurred.</p></content></level></subsection><subsection eId="section-195-4"><num>(4)</num><intro><p>In determining whether any behaviour of the claimant falls within subsection <ref href="#section-195-1-d">(1)(d)</ref>, the court may, in particular, take into account—</p></intro><level class="para1" eId="section-195-4-a"><num>(a)</num><content><p>whether the behaviour is a disproportionate reaction to the matters complained of in the claim, including whether the costs incurred by the claimant are out of proportion to the remedy sought;</p></content></level><level class="para1" eId="section-195-4-b"><num>(b)</num><content><p>whether the defendant has access to fewer resources with which to defend the claim than another person against whom the claimant could have brought (but did not bring) proceedings in relation to the matters complained of in the claim;</p></content></level><level class="para1" eId="section-195-4-c"><num>(c)</num><content><p>any relevant failure, or anticipated failure, by the claimant to comply with a pre-action protocol, rule of court or practice direction, or to comply with or follow a rule or recommendation of a professional regulatory body.</p></content></level></subsection><subsection eId="section-195-5"><num>(5)</num><intro><p>For the purposes of subsection <ref href="#section-195-4-c">(4)(c)</ref> a failure, or anticipated failure, is “relevant” so far as it relates to—</p></intro><level class="para1" eId="section-195-5-a"><num>(a)</num><content><p>the choice of jurisdiction,</p></content></level><level class="para1" eId="section-195-5-b"><num>(b)</num><content><p>the use of dilatory strategies,</p></content></level><level class="para1" eId="section-195-5-c"><num>(c)</num><content><p>the nature or amount of material sought on disclosure,</p></content></level><level class="para1" eId="section-195-5-d"><num>(d)</num><content><p>the way to respond to requests for comment or clarification,</p></content></level><level class="para1" eId="section-195-5-e"><num>(e)</num><content><p>the use of correspondence,</p></content></level><level class="para1" eId="section-195-5-f"><num>(f)</num><content><p>making or responding to offers to settle, or</p></content></level><level class="para1" eId="section-195-5-g"><num>(g)</num><content><p>the use of alternative dispute resolution procedures.</p></content></level></subsection><subsection eId="section-195-6"><num>(6)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-court" eId="term-court">court</term>” has the same meaning as in section 194;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-economic-crime" eId="term-economic-crime">economic crime</term>” has the meaning given by section 193<ref href="#section-193-1">(1)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-right-to-freedom-of-speech" eId="term-the-right-to-freedom-of-speech">the right to freedom of speech</term>” means the right set out in Article 10 of the European Convention on Human Rights (freedom of expression) so far as it consists of a right to impart ideas, opinions or information by means of speech, writing or images (including in electronic form).</p></content></hcontainer></subsection><subsection eId="section-195-7"><num>(7)</num><content><p>In the definition of “the right to freedom of speech” in subsection <ref href="#section-195-6">(6)</ref> “<term refersTo="#term-the-european-convention-on-human-rights" eId="term-the-european-convention-on-human-rights">the European Convention on Human Rights</term>” means the Convention for the Protection of Human Rights and Fundamental Freedoms agreed by the Council of Europe at Rome on 4 November 1950 as it has effect for the time being in relation to the United Kingdom.</p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-194"><num>194</num><heading>Strategic litigation against public participation: requirement to make rules of court</heading><subsection eId="section-194-1"><num>(1)</num><intro><p>The power to make Civil Procedure Rules must be exercised so as to secure that Civil Procedure Rules include provision for ensuring that a claim may be struck out before trial where the court determines—</p></intro><level class="para1" eId="section-194-1-a"><num>(a)</num><content><p>that the claim is a SLAPP claim (see section 195), and</p></content></level><level class="para1" eId="section-194-1-b"><num>(b)</num><content><p>that the claimant has failed to show that it is more likely than not that the claim would succeed at trial.</p></content></level></subsection><subsection eId="section-194-2"><num>(2)</num><intro><p>Rules made in compliance with subsection <ref href="#section-194-1">(1)</ref> may include rules about how a determination under that subsection is to be made, including (in particular)—</p></intro><level class="para1" eId="section-194-2-a"><num>(a)</num><content><p>rules for determining the nature and extent of the evidence that may or must be considered;</p></content></level><level class="para1" eId="section-194-2-b"><num>(b)</num><content><p>rules about the extent to which evidence may or must be tested;</p></content></level><level class="para1" eId="section-194-2-c"><num>(c)</num><content><p>rules permitting or requiring the court to determine matters of fact by way of presumptions.</p></content></level></subsection><subsection eId="section-194-3"><num>(3)</num><content><p>Rules made in compliance with subsection <ref href="#section-194-1">(1)</ref> must include rules under which the court may make a determination under that subsection of its own motion.</p></content></subsection><subsection eId="section-194-4"><num>(4)</num><content><p>The power to make Civil Procedure Rules must be exercised so as to secure that Civil Procedure Rules include provision for securing that, in respect of a SLAPP claim, a court may not order a defendant to pay the claimant’s costs except where, in the court’s view, misconduct of the defendant in relation to the claim justifies such an order.</p></content></subsection><subsection eId="section-194-5"><num>(5)</num><content><p>The Lord Chancellor may by regulations provide for subsections <ref href="#section-194-1">(1)</ref> to <ref href="#section-194-4">(4)</ref> to apply in relation to any rules of court that may be specified in the regulations as those subsections apply in relation to Civil Procedure Rules.</p></content></subsection><subsection eId="section-194-6"><num>(6)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-court" eId="term-court">court</term>” includes a tribunal;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-rules-of-court" eId="term-rules-of-court">rules of court</term>” means rules relating to the practice and procedure of a court or tribunal.</p></content></hcontainer></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-194-1"><num>(1)</num><intro><p>The power to make Civil Procedure Rules must be exercised so as to secure that Civil Procedure Rules include provision for ensuring that a claim may be struck out before trial where the court determines—</p></intro><level class="para1" eId="section-194-1-a"><num>(a)</num><content><p>that the claim is a SLAPP claim (see section 195), and</p></content></level><level class="para1" eId="section-194-1-b"><num>(b)</num><content><p>that the claimant has failed to show that it is more likely than not that the claim would succeed at trial.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-194-1-a"><num>(a)</num><content><p>that the claim is a SLAPP claim (see section 195), and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-194-1-b"><num>(b)</num><content><p>that the claimant has failed to show that it is more likely than not that the claim would succeed at trial.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-194-2"><num>(2)</num><intro><p>Rules made in compliance with subsection <ref href="#section-194-1">(1)</ref> may include rules about how a determination under that subsection is to be made, including (in particular)—</p></intro><level class="para1" eId="section-194-2-a"><num>(a)</num><content><p>rules for determining the nature and extent of the evidence that may or must be considered;</p></content></level><level class="para1" eId="section-194-2-b"><num>(b)</num><content><p>rules about the extent to which evidence may or must be tested;</p></content></level><level class="para1" eId="section-194-2-c"><num>(c)</num><content><p>rules permitting or requiring the court to determine matters of fact by way of presumptions.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-194-2-a"><num>(a)</num><content><p>rules for determining the nature and extent of the evidence that may or must be considered;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-194-2-b"><num>(b)</num><content><p>rules about the extent to which evidence may or must be tested;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-194-2-c"><num>(c)</num><content><p>rules permitting or requiring the court to determine matters of fact by way of presumptions.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-194-3"><num>(3)</num><content><p>Rules made in compliance with subsection <ref href="#section-194-1">(1)</ref> must include rules under which the court may make a determination under that subsection of its own motion.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-194-4"><num>(4)</num><content><p>The power to make Civil Procedure Rules must be exercised so as to secure that Civil Procedure Rules include provision for securing that, in respect of a SLAPP claim, a court may not order a defendant to pay the claimant’s costs except where, in the court’s view, misconduct of the defendant in relation to the claim justifies such an order.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-194-5"><num>(5)</num><content><p>The Lord Chancellor may by regulations provide for subsections <ref href="#section-194-1">(1)</ref> to <ref href="#section-194-4">(4)</ref> to apply in relation to any rules of court that may be specified in the regulations as those subsections apply in relation to Civil Procedure Rules.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-194-6"><num>(6)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-court" eId="term-court">court</term>” includes a tribunal;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-rules-of-court" eId="term-rules-of-court">rules of court</term>” means rules relating to the practice and procedure of a court or tribunal.</p></content></hcontainer></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content><p>“<term refersTo="#term-transitional-period" eId="term-transitional-period">transitional period</term>” means the period of 6 months beginning when section 110<ref href="#section-110-4">(4)</ref> came fully into force.</p></content></hcontainer>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(b)</num><content><p>a partnership that, whether or not a legal person, is not regarded as a body corporate under the law by which it is governed;</p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-195"><num>195</num><heading>Meaning of “SLAPP” claim</heading><subsection eId="section-195-1"><num>(1)</num><intro><p>For the purposes of section 194 a claim is a “SLAPP claim” if—</p></intro><level class="para1" eId="section-195-1-a"><num>(a)</num><content><p>the claimant’s behaviour in relation to the matters complained of in the claim has, or is intended to have, the effect of restraining the defendant’s exercise of the right to freedom of speech,</p></content></level><level class="para1" eId="section-195-1-b"><num>(b)</num><content><p>any of the information that is or would be disclosed by the exercise of that right has to do with economic crime,</p></content></level><level class="para1" eId="section-195-1-c"><num>(c)</num><content><p>any part of that disclosure is or would be made for a purpose related to the public interest in combating economic crime, and</p></content></level><level class="para1" eId="section-195-1-d"><num>(d)</num><intro><p>any of the behaviour of the claimant in relation to the matters complained of in the claim is intended to cause the defendant—</p></intro><level class="para2" eId="section-195-1-d-i"><num>(i)</num><content><p>harassment, alarm or distress,</p></content></level><level class="para2" eId="section-195-1-d-ii"><num>(ii)</num><content><p>expense, or</p></content></level><level class="para2" eId="section-195-1-d-iii"><num>(iii)</num><content><p>any other harm or inconvenience,</p></content></level><wrapUp><p>beyond that ordinarily encountered in the course of properly conducted litigation.</p></wrapUp></level></subsection><subsection eId="section-195-2"><num>(2)</num><content><p>For the purposes of determining whether a claim meets the condition in subsection <ref href="#section-195-1-a">(1)(a)</ref> or <ref href="#section-195-1-c">(c)</ref>, any limitation prescribed by law on the exercise of the right to freedom of speech (for example in relation to the making of defamatory statements) is to be ignored.</p></content></subsection><subsection eId="section-195-3"><num>(3)</num><intro><p>For the purposes of this section, information mentioned in subsection <ref href="#section-195-1-b">(1)(b)</ref> “has to do with economic crime” if—</p></intro><level class="para1" eId="section-195-3-a"><num>(a)</num><content><p>it relates to behaviour or circumstances which the defendant reasonably believes (or, as the case requires, believed) to be evidence of the commission of an economic crime, or</p></content></level><level class="para1" eId="section-195-3-b"><num>(b)</num><content><p>the defendant has (or, as the case requires, had) reason to suspect that an economic crime may have occurred and believes (or, as the case requires, believed) that the disclosure of the information would facilitate an investigation into whether such a crime has (or had) occurred.</p></content></level></subsection><subsection eId="section-195-4"><num>(4)</num><intro><p>In determining whether any behaviour of the claimant falls within subsection <ref href="#section-195-1-d">(1)(d)</ref>, the court may, in particular, take into account—</p></intro><level class="para1" eId="section-195-4-a"><num>(a)</num><content><p>whether the behaviour is a disproportionate reaction to the matters complained of in the claim, including whether the costs incurred by the claimant are out of proportion to the remedy sought;</p></content></level><level class="para1" eId="section-195-4-b"><num>(b)</num><content><p>whether the defendant has access to fewer resources with which to defend the claim than another person against whom the claimant could have brought (but did not bring) proceedings in relation to the matters complained of in the claim;</p></content></level><level class="para1" eId="section-195-4-c"><num>(c)</num><content><p>any relevant failure, or anticipated failure, by the claimant to comply with a pre-action protocol, rule of court or practice direction, or to comply with or follow a rule or recommendation of a professional regulatory body.</p></content></level></subsection><subsection eId="section-195-5"><num>(5)</num><intro><p>For the purposes of subsection <ref href="#section-195-4-c">(4)(c)</ref> a failure, or anticipated failure, is “relevant” so far as it relates to—</p></intro><level class="para1" eId="section-195-5-a"><num>(a)</num><content><p>the choice of jurisdiction,</p></content></level><level class="para1" eId="section-195-5-b"><num>(b)</num><content><p>the use of dilatory strategies,</p></content></level><level class="para1" eId="section-195-5-c"><num>(c)</num><content><p>the nature or amount of material sought on disclosure,</p></content></level><level class="para1" eId="section-195-5-d"><num>(d)</num><content><p>the way to respond to requests for comment or clarification,</p></content></level><level class="para1" eId="section-195-5-e"><num>(e)</num><content><p>the use of correspondence,</p></content></level><level class="para1" eId="section-195-5-f"><num>(f)</num><content><p>making or responding to offers to settle, or</p></content></level><level class="para1" eId="section-195-5-g"><num>(g)</num><content><p>the use of alternative dispute resolution procedures.</p></content></level></subsection><subsection eId="section-195-6"><num>(6)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-court" eId="term-court">court</term>” has the same meaning as in section 194;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-economic-crime" eId="term-economic-crime">economic crime</term>” has the meaning given by section 193<ref href="#section-193-1">(1)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-right-to-freedom-of-speech" eId="term-the-right-to-freedom-of-speech">the right to freedom of speech</term>” means the right set out in Article 10 of the European Convention on Human Rights (freedom of expression) so far as it consists of a right to impart ideas, opinions or information by means of speech, writing or images (including in electronic form).</p></content></hcontainer></subsection><subsection eId="section-195-7"><num>(7)</num><content><p>In the definition of “the right to freedom of speech” in subsection <ref href="#section-195-6">(6)</ref> “<term refersTo="#term-the-european-convention-on-human-rights" eId="term-the-european-convention-on-human-rights">the European Convention on Human Rights</term>” means the Convention for the Protection of Human Rights and Fundamental Freedoms agreed by the Council of Europe at Rome on 4 November 1950 as it has effect for the time being in relation to the United Kingdom.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-195-1"><num>(1)</num><intro><p>For the purposes of section 194 a claim is a “SLAPP claim” if—</p></intro><level class="para1" eId="section-195-1-a"><num>(a)</num><content><p>the claimant’s behaviour in relation to the matters complained of in the claim has, or is intended to have, the effect of restraining the defendant’s exercise of the right to freedom of speech,</p></content></level><level class="para1" eId="section-195-1-b"><num>(b)</num><content><p>any of the information that is or would be disclosed by the exercise of that right has to do with economic crime,</p></content></level><level class="para1" eId="section-195-1-c"><num>(c)</num><content><p>any part of that disclosure is or would be made for a purpose related to the public interest in combating economic crime, and</p></content></level><level class="para1" eId="section-195-1-d"><num>(d)</num><intro><p>any of the behaviour of the claimant in relation to the matters complained of in the claim is intended to cause the defendant—</p></intro><level class="para2" eId="section-195-1-d-i"><num>(i)</num><content><p>harassment, alarm or distress,</p></content></level><level class="para2" eId="section-195-1-d-ii"><num>(ii)</num><content><p>expense, or</p></content></level><level class="para2" eId="section-195-1-d-iii"><num>(iii)</num><content><p>any other harm or inconvenience,</p></content></level><wrapUp><p>beyond that ordinarily encountered in the course of properly conducted litigation.</p></wrapUp></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-195-1-a"><num>(a)</num><content><p>the claimant’s behaviour in relation to the matters complained of in the claim has, or is intended to have, the effect of restraining the defendant’s exercise of the right to freedom of speech,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-195-1-b"><num>(b)</num><content><p>any of the information that is or would be disclosed by the exercise of that right has to do with economic crime,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-195-1-c"><num>(c)</num><content><p>any part of that disclosure is or would be made for a purpose related to the public interest in combating economic crime, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-195-1-d"><num>(d)</num><intro><p>any of the behaviour of the claimant in relation to the matters complained of in the claim is intended to cause the defendant—</p></intro><level class="para2" eId="section-195-1-d-i"><num>(i)</num><content><p>harassment, alarm or distress,</p></content></level><level class="para2" eId="section-195-1-d-ii"><num>(ii)</num><content><p>expense, or</p></content></level><level class="para2" eId="section-195-1-d-iii"><num>(iii)</num><content><p>any other harm or inconvenience,</p></content></level><wrapUp><p>beyond that ordinarily encountered in the course of properly conducted litigation.</p></wrapUp></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-195-1-d-i"><num>(i)</num><content><p>harassment, alarm or distress,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-195-1-d-ii"><num>(ii)</num><content><p>expense, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-195-1-d-iii"><num>(iii)</num><content><p>any other harm or inconvenience,</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-195-2"><num>(2)</num><content><p>For the purposes of determining whether a claim meets the condition in subsection <ref href="#section-195-1-a">(1)(a)</ref> or <ref href="#section-195-1-c">(c)</ref>, any limitation prescribed by law on the exercise of the right to freedom of speech (for example in relation to the making of defamatory statements) is to be ignored.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-195-3"><num>(3)</num><intro><p>For the purposes of this section, information mentioned in subsection <ref href="#section-195-1-b">(1)(b)</ref> “has to do with economic crime” if—</p></intro><level class="para1" eId="section-195-3-a"><num>(a)</num><content><p>it relates to behaviour or circumstances which the defendant reasonably believes (or, as the case requires, believed) to be evidence of the commission of an economic crime, or</p></content></level><level class="para1" eId="section-195-3-b"><num>(b)</num><content><p>the defendant has (or, as the case requires, had) reason to suspect that an economic crime may have occurred and believes (or, as the case requires, believed) that the disclosure of the information would facilitate an investigation into whether such a crime has (or had) occurred.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-195-3-a"><num>(a)</num><content><p>it relates to behaviour or circumstances which the defendant reasonably believes (or, as the case requires, believed) to be evidence of the commission of an economic crime, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-195-3-b"><num>(b)</num><content><p>the defendant has (or, as the case requires, had) reason to suspect that an economic crime may have occurred and believes (or, as the case requires, believed) that the disclosure of the information would facilitate an investigation into whether such a crime has (or had) occurred.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-195-4"><num>(4)</num><intro><p>In determining whether any behaviour of the claimant falls within subsection <ref href="#section-195-1-d">(1)(d)</ref>, the court may, in particular, take into account—</p></intro><level class="para1" eId="section-195-4-a"><num>(a)</num><content><p>whether the behaviour is a disproportionate reaction to the matters complained of in the claim, including whether the costs incurred by the claimant are out of proportion to the remedy sought;</p></content></level><level class="para1" eId="section-195-4-b"><num>(b)</num><content><p>whether the defendant has access to fewer resources with which to defend the claim than another person against whom the claimant could have brought (but did not bring) proceedings in relation to the matters complained of in the claim;</p></content></level><level class="para1" eId="section-195-4-c"><num>(c)</num><content><p>any relevant failure, or anticipated failure, by the claimant to comply with a pre-action protocol, rule of court or practice direction, or to comply with or follow a rule or recommendation of a professional regulatory body.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-195-4-a"><num>(a)</num><content><p>whether the behaviour is a disproportionate reaction to the matters complained of in the claim, including whether the costs incurred by the claimant are out of proportion to the remedy sought;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-195-4-b"><num>(b)</num><content><p>whether the defendant has access to fewer resources with which to defend the claim than another person against whom the claimant could have brought (but did not bring) proceedings in relation to the matters complained of in the claim;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-195-4-c"><num>(c)</num><content><p>any relevant failure, or anticipated failure, by the claimant to comply with a pre-action protocol, rule of court or practice direction, or to comply with or follow a rule or recommendation of a professional regulatory body.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-195-5"><num>(5)</num><intro><p>For the purposes of subsection <ref href="#section-195-4-c">(4)(c)</ref> a failure, or anticipated failure, is “relevant” so far as it relates to—</p></intro><level class="para1" eId="section-195-5-a"><num>(a)</num><content><p>the choice of jurisdiction,</p></content></level><level class="para1" eId="section-195-5-b"><num>(b)</num><content><p>the use of dilatory strategies,</p></content></level><level class="para1" eId="section-195-5-c"><num>(c)</num><content><p>the nature or amount of material sought on disclosure,</p></content></level><level class="para1" eId="section-195-5-d"><num>(d)</num><content><p>the way to respond to requests for comment or clarification,</p></content></level><level class="para1" eId="section-195-5-e"><num>(e)</num><content><p>the use of correspondence,</p></content></level><level class="para1" eId="section-195-5-f"><num>(f)</num><content><p>making or responding to offers to settle, or</p></content></level><level class="para1" eId="section-195-5-g"><num>(g)</num><content><p>the use of alternative dispute resolution procedures.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-195-5-a"><num>(a)</num><content><p>the choice of jurisdiction,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-195-5-b"><num>(b)</num><content><p>the use of dilatory strategies,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-195-5-c"><num>(c)</num><content><p>the nature or amount of material sought on disclosure,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-195-5-d"><num>(d)</num><content><p>the way to respond to requests for comment or clarification,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-195-5-e"><num>(e)</num><content><p>the use of correspondence,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-195-5-f"><num>(f)</num><content><p>making or responding to offers to settle, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-195-5-g"><num>(g)</num><content><p>the use of alternative dispute resolution procedures.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-195-6"><num>(6)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-court" eId="term-court">court</term>” has the same meaning as in section 194;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-economic-crime" eId="term-economic-crime">economic crime</term>” has the meaning given by section 193<ref href="#section-193-1">(1)</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-right-to-freedom-of-speech" eId="term-the-right-to-freedom-of-speech">the right to freedom of speech</term>” means the right set out in Article 10 of the European Convention on Human Rights (freedom of expression) so far as it consists of a right to impart ideas, opinions or information by means of speech, writing or images (including in electronic form).</p></content></hcontainer></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-195-7"><num>(7)</num><content><p>In the definition of “the right to freedom of speech” in subsection <ref href="#section-195-6">(6)</ref> “<term refersTo="#term-the-european-convention-on-human-rights" eId="term-the-european-convention-on-human-rights">the European Convention on Human Rights</term>” means the Convention for the Protection of Human Rights and Fundamental Freedoms agreed by the Council of Europe at Rome on 4 November 1950 as it has effect for the time being in relation to the United Kingdom.</p></content></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-attributing-criminal-liability-for-economic-crimes-to-certain-bodies"><heading><noteRef href="#key-f6042e600b1fd17840efdc2ee470dbe9" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>...</heading><section eId="section-196"><num><noteRef href="#key-f6042e600b1fd17840efdc2ee470dbe9" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>196</num><heading>Attributing criminal liability for economic crimes to certain bodies</heading><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></section><section eId="section-197"><num><noteRef href="#key-f6042e600b1fd17840efdc2ee470dbe9" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>197</num><heading>Power to amend list of economic crimes</heading><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></section><section eId="section-198"><num><noteRef href="#key-f6042e600b1fd17840efdc2ee470dbe9" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>198</num><heading>Offences under section 196 committed by partnerships</heading><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-196"><num><noteRef href="#key-f6042e600b1fd17840efdc2ee470dbe9" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>196</num><heading>Attributing criminal liability for economic crimes to certain bodies</heading><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-196-1"><num>(1)</num><content><p>If a senior manager of a body corporate or partnership (“the organisation”) acting within the actual or apparent scope of their authority commits a relevant offence after this section comes into force, the organisation is also guilty of the offence.</p><p>This is subject to subsection <ref href="#section-196-3">(3)</ref>.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-196-2"><num>(2)</num><intro><p>“<term refersTo="#term-relevant-offence" eId="term-relevant-offence">Relevant offence</term>” means an act which constitutes—</p></intro><level class="para1" eId="section-196-2-a"><num>(a)</num><content><p>an offence listed in Schedule 12 (“a listed offence”),</p></content></level><level class="para1" eId="section-196-2-b"><num>(b)</num><content><p>an attempt or conspiracy to commit a listed offence,</p></content></level><level class="para1" eId="section-196-2-c"><num>(c)</num><intro><p>an offence—</p></intro><level class="para2" eId="section-196-2-c-i"><num>(i)</num><content><p>under Part 2 of the Serious Crime Act 2007 (England and Wales and Northern Ireland: encouraging or assisting crime) in relation to a listed offence, or</p></content></level><level class="para2" eId="section-196-2-c-ii"><num>(ii)</num><content><p>under the law of Scotland of inciting the commission of a listed offence, or</p></content></level></level><level class="para1" eId="section-196-2-d"><num>(d)</num><content><p>aiding, abetting, counselling or procuring the commission of a listed offence.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-196-2-a"><num>(a)</num><content><p>an offence listed in Schedule 12 (“a listed offence”),</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-196-2-b"><num>(b)</num><content><p>an attempt or conspiracy to commit a listed offence,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-196-2-c"><num>(c)</num><intro><p>an offence—</p></intro><level class="para2" eId="section-196-2-c-i"><num>(i)</num><content><p>under Part 2 of the Serious Crime Act 2007 (England and Wales and Northern Ireland: encouraging or assisting crime) in relation to a listed offence, or</p></content></level><level class="para2" eId="section-196-2-c-ii"><num>(ii)</num><content><p>under the law of Scotland of inciting the commission of a listed offence, or</p></content></level></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-196-2-c-i"><num>(i)</num><content><p>under Part 2 of the Serious Crime Act 2007 (England and Wales and Northern Ireland: encouraging or assisting crime) in relation to a listed offence, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-196-2-c-ii"><num>(ii)</num><content><p>under the law of Scotland of inciting the commission of a listed offence, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-196-2-d"><num>(d)</num><content><p>aiding, abetting, counselling or procuring the commission of a listed offence.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-196-3"><num>(3)</num><content><p>Where no act or omission forming part of the relevant offence took place in the United Kingdom, the organisation is not guilty of an offence under subsection (1) unless it would be guilty of the relevant offence had it carried out the acts that constituted that offence (in the location where the acts took place).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-196-4"><num>(4)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-body-corporate" eId="term-body-corporate">body corporate</term>” includes a body incorporated outside the United Kingdom, but does not include—</p></intro><level class="para1"><num>(a)</num><content><p>a corporation sole, or</p></content></level><level class="para1"><num>(b)</num><content><p>a partnership that, whether or not a legal person, is not regarded as a body corporate under the law by which it is governed;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-partnership" eId="term-partnership">partnership</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a partnership within the meaning of the Partnership Act 1890;</p></content></level><level class="para1"><num>(b)</num><content><p>a limited partnership registered under the Limited Partnerships Act 1907;</p></content></level><level class="para1"><num>(c)</num><content><p>a firm or other entity of a similar character to one within paragraph (a) or (b) formed under the law of a country or territory outside the United Kingdom;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-senior-manager" eId="term-senior-manager">senior manager</term>”, in relation to a body corporate or partnership, means an individual who plays a significant role in—</p></intro><level class="para1"><num>(a)</num><content><p>the making of decisions about how the whole or a substantial part of the activities of the body corporate or (as the case may be) partnership are to be managed or organised, or</p></content></level><level class="para1"><num>(b)</num><content><p>the actual managing or organising of the whole or a substantial part of those activities.</p></content></level></hcontainer></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-197"><num><noteRef href="#key-f6042e600b1fd17840efdc2ee470dbe9" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>197</num><heading>Power to amend list of economic crimes</heading><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-197-1"><num>(1)</num><intro><p>The Secretary of State may by regulations amend Schedule 12 by—</p></intro><level class="para1" eId="section-197-1-a"><num>(a)</num><content><p>removing an offence from the list in the Schedule, or</p></content></level><level class="para1" eId="section-197-1-b"><num>(b)</num><content><p>adding an offence to that list.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-197-1-a"><num>(a)</num><content><p>removing an offence from the list in the Schedule, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-197-1-b"><num>(b)</num><content><p>adding an offence to that list.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-197-2"><num>(2)</num><content><p>The power in subsection <ref href="#section-197-1">(1)</ref> is exercisable by the Scottish Ministers (and not by the Secretary of State) so far as it may be used to make provision that would be within the legislative competence of the Scottish Parliament if contained in an Act of that Parliament.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-197-3"><num>(3)</num><intro><p>The power in subsection <ref href="#section-197-1">(1)</ref> is exercisable by the Department of Justice in Northern Ireland (and not by the Secretary of State) so far as it may be used to make provision that—</p></intro><level class="para1" eId="section-197-3-a"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level><level class="para1" eId="section-197-3-b"><num>(b)</num><content><p>would not, if contained in a Bill for an Act of the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-197-3-a"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-197-3-b"><num>(b)</num><content><p>would not, if contained in a Bill for an Act of the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-197-4"><num>(4)</num><content><p>The Secretary of State may from time to time by regulations restate Schedule 12 as amended by virtue of subsections <ref href="#section-197-1">(1)</ref> to <ref href="#section-197-3">(3)</ref> (without changing the effect of the Schedule).</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-198"><num><noteRef href="#key-f6042e600b1fd17840efdc2ee470dbe9" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>198</num><heading>Offences under section 196 committed by partnerships</heading><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-198-1"><num>(1)</num><content><p>Proceedings for an offence alleged to have been committed by a partnership by virtue of section 196 must be brought in the name of the partnership (and not in that of any of the partners).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-198-2"><num>(2)</num><intro><p>For the purposes of such proceedings—</p></intro><level class="para1" eId="section-198-2-a"><num>(a)</num><content><p>rules of court relating to the service of documents have effect as if the partnership were a body corporate, and</p></content></level><level class="para1" eId="section-198-2-b"><num>(b)</num><intro><p>the following provisions apply as they apply in relation to a body corporate—</p></intro><level class="para2" eId="section-198-2-b-i"><num>(i)</num><content><p>section 33 of the Criminal Justice Act 1925 and Schedule 3 to the Magistrates’ Courts Act 1980;</p></content></level><level class="para2" eId="section-198-2-b-ii"><num>(ii)</num><content><p>section 18 of the <ref eId="c00028" href="http://www.legislation.gov.uk/id/apni/1945/15">Criminal Justice Act (Northern Ireland) 1945 (c. 15 (N.I.))</ref> and Schedule 4 to the Magistrates’ Courts (Northern Ireland) Order 1981 (<ref eId="c00029" href="http://www.legislation.gov.uk/id/nisi/1981/1675">S.I. 1981/1675 (N.I. 26)</ref>);</p></content></level><level class="para2" eId="section-198-2-b-iii"><num>(iii)</num><content><p>sections 34(2), 66(6AA) and 72D(2) of the Criminal Procedure (Scotland) Act 1995.</p></content></level></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-198-2-a"><num>(a)</num><content><p>rules of court relating to the service of documents have effect as if the partnership were a body corporate, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-198-2-b"><num>(b)</num><intro><p>the following provisions apply as they apply in relation to a body corporate—</p></intro><level class="para2" eId="section-198-2-b-i"><num>(i)</num><content><p>section 33 of the Criminal Justice Act 1925 and Schedule 3 to the Magistrates’ Courts Act 1980;</p></content></level><level class="para2" eId="section-198-2-b-ii"><num>(ii)</num><content><p>section 18 of the <ref eId="c00028" href="http://www.legislation.gov.uk/id/apni/1945/15">Criminal Justice Act (Northern Ireland) 1945 (c. 15 (N.I.))</ref> and Schedule 4 to the Magistrates’ Courts (Northern Ireland) Order 1981 (<ref eId="c00029" href="http://www.legislation.gov.uk/id/nisi/1981/1675">S.I. 1981/1675 (N.I. 26)</ref>);</p></content></level><level class="para2" eId="section-198-2-b-iii"><num>(iii)</num><content><p>sections 34(2), 66(6AA) and 72D(2) of the Criminal Procedure (Scotland) Act 1995.</p></content></level></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-198-2-b-i"><num>(i)</num><content><p>section 33 of the Criminal Justice Act 1925 and Schedule 3 to the Magistrates’ Courts Act 1980;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-198-2-b-ii"><num>(ii)</num><content><p>section 18 of the <ref eId="c00028" href="http://www.legislation.gov.uk/id/apni/1945/15">Criminal Justice Act (Northern Ireland) 1945 (c. 15 (N.I.))</ref> and Schedule 4 to the Magistrates’ Courts (Northern Ireland) Order 1981 (<ref eId="c00029" href="http://www.legislation.gov.uk/id/nisi/1981/1675">S.I. 1981/1675 (N.I. 26)</ref>);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-198-2-b-iii"><num>(iii)</num><content><p>sections 34(2), 66(6AA) and 72D(2) of the Criminal Procedure (Scotland) Act 1995.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-198-3"><num>(3)</num><content><p>A fine imposed on the partnership on its conviction for an offence committed by virtue of section 196 is to be paid out of the partnership assets.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-198-4"><num>(4)</num><content><p>In this section “<term refersTo="#term-partnership" eId="term-partnership">partnership</term>” has the same meaning as in section 196.</p></content></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-failure-to-prevent-fraud"><heading>Failure to prevent fraud</heading><section eId="section-199"><num>199</num><heading>Failure to prevent fraud</heading><subsection eId="section-199-1"><num>(1)</num><intro><p>A relevant body which is a large organisation (see sections 201 and 202) is guilty of an offence if, in a financial year of the body (“the year of the fraud offence”), a person who is associated with the body (“the associate”) commits a fraud offence intending to benefit (whether directly or indirectly)—</p></intro><level class="para1" eId="section-199-1-a"><num>(a)</num><content><p>the relevant body, or</p></content></level><level class="para1" eId="section-199-1-b"><num>(b)</num><content><p>any person to whom, or to whose subsidiary undertaking, the associate provides services on behalf of the relevant body.</p></content></level></subsection><subsection eId="section-199-2"><num>(2)</num><intro><p>A relevant body is also guilty of an offence under subsection (1) if—</p></intro><level class="para1" eId="section-199-2-a"><num>(a)</num><content><p>an employee of the relevant body commits a fraud offence intending to benefit (whether directly or indirectly) the relevant body,</p></content></level><level class="para1" eId="section-199-2-b"><num>(b)</num><content><p>the fraud offence is committed in a financial year of a parent undertaking of which the relevant body is a subsidiary undertaking (“the year of the fraud offence”), and</p></content></level><level class="para1" eId="section-199-2-c"><num>(c)</num><content><p>the parent undertaking is a relevant body which is a large organisation.</p></content></level></subsection><subsection eId="section-199-3"><num>(3)</num><content><p>But the relevant body is not guilty of an offence under subsection (1)(b) if the body itself was, or was intended to be, a victim of the fraud offence.</p></content></subsection><subsection eId="section-199-4"><num>(4)</num><intro><p>It is a defence for the relevant body to prove that, at the time the fraud offence was committed—</p></intro><level class="para1" eId="section-199-4-a"><num>(a)</num><content><p>the body had in place such prevention procedures as it was reasonable in all the circumstances to expect the body to have in place, or</p></content></level><level class="para1" eId="section-199-4-b"><num>(b)</num><content><p>it was not reasonable in all the circumstances to expect the body to have any prevention procedures in place.</p></content></level></subsection><subsection eId="section-199-5"><num>(5)</num><content><p>In subsection (4) “<term refersTo="#term-prevention-procedures" eId="term-prevention-procedures">prevention procedures</term>” means procedures designed to prevent persons associated with the body from committing fraud offences.</p></content></subsection><subsection eId="section-199-6"><num>(6)</num><intro><p>A “fraud offence” is an act which constitutes—</p></intro><level class="para1" eId="section-199-6-a"><num>(a)</num><content><p>an offence listed in Schedule 13 (a “listed offence”), or</p></content></level><level class="para1" eId="section-199-6-b"><num>(b)</num><content><p>aiding, abetting, counselling or procuring the commission of a listed offence.</p></content></level></subsection><subsection eId="section-199-7"><num>(7)</num><intro><p>For the purposes of this section a person is associated with a relevant body if—</p></intro><level class="para1" eId="section-199-7-a"><num>(a)</num><content><p>the person is an employee, agent or subsidiary undertaking of the relevant body, or</p></content></level><level class="para1" eId="section-199-7-b"><num>(b)</num><content><p>the person otherwise performs services for or on behalf of the body.</p></content></level></subsection><subsection eId="section-199-8"><num>(8)</num><content><p>For the purposes of this section a person is also associated with a relevant body if the person is an employee of a subsidiary undertaking of the relevant body; but for the purpose of determining whether an offence is committed by virtue of this subsection, subsection (1) has effect with the omission of paragraph (b) (and the “or” preceding it).</p></content></subsection><subsection eId="section-199-9"><num>(9)</num><content><p>Whether or not a particular person performs services for or on behalf of a relevant body is to be determined by reference to all the relevant circumstances and not merely by reference to the nature of the relationship between that person and the body.</p></content></subsection><subsection eId="section-199-10"><num>(10)</num><content><p>Where a relevant body is liable to be proceeded against for an offence under subsection (1) in a particular part of the United Kingdom, proceedings against the body for the offence may be taken in any place in the United Kingdom.</p></content></subsection><subsection eId="section-199-11"><num>(11)</num><intro><p>Where by virtue of subsection (10) proceedings against a relevant body for an offence are to be taken in Scotland—</p></intro><level class="para1" eId="section-199-11-a"><num>(a)</num><content><p>the body may be prosecuted, tried and punished in a sheriff court district determined by the Lord Advocate, as if the offence had been committed in that district, and</p></content></level><level class="para1" eId="section-199-11-b"><num>(b)</num><content><p>the offence is, for all purposes incidental to or consequential on the trial or punishment, deemed to have been committed in that district.</p></content></level></subsection><subsection eId="section-199-12"><num>(12)</num><intro><p>A relevant body guilty of an offence under this section is liable—</p></intro><level class="para1" eId="section-199-12-a"><num>(a)</num><content><p>on conviction on indictment, to a fine;</p></content></level><level class="para1" eId="section-199-12-b"><num>(b)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level><level class="para1" eId="section-199-12-c"><num>(c)</num><content><p>on summary conviction in Scotland or Northern Ireland, to a fine not exceeding the statutory maximum.</p></content></level></subsection><subsection eId="section-199-13"><num>(13)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-body" eId="term-relevant-body">relevant body</term>” means a body corporate or a partnership (wherever incorporated or formed);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-sheriff-court-district" eId="term-sheriff-court-district">sheriff court district</term>” is to be read in accordance with the Criminal Procedure (Scotland) Act 1995 (see section 307(1) of that Act).</p></content></hcontainer></subsection><subsection eId="section-199-14"><num>(14)</num><intro><p>In this section “financial year”—</p></intro><level class="para1" eId="section-199-14-a"><num>(a)</num><content><p>in relation to a UK company, has the meaning given by the Companies Act 2006 (see section 390 of that Act);</p></content></level><level class="para1" eId="section-199-14-b"><num>(b)</num><intro><p>in relation to a relevant body that is not a UK company means—</p></intro><level class="para2" eId="section-199-14-b-i"><num>(i)</num><content><p>any period in respect of which a profit and loss account of the relevant body is required to be made up (by its constitution or by the law under which it is established), whether that period is a year or not, or</p></content></level><level class="para2" eId="section-199-14-b-ii"><num>(ii)</num><content><p>if the body is not required by its constitution or the law under which it is established to draw up a profit and loss account, a calendar year.</p></content></level></level></subsection></section><section eId="section-200"><num>200</num><heading>Fraud offences: supplementary</heading><subsection eId="section-200-1"><num>(1)</num><intro><p>The Secretary of State may by regulations amend Schedule 13 by—</p></intro><level class="para1" eId="section-200-1-a"><num>(a)</num><content><p>removing an offence from the list in the Schedule, or</p></content></level><level class="para1" eId="section-200-1-b"><num>(b)</num><content><p>adding an offence to that list.</p></content></level></subsection><subsection eId="section-200-2"><num>(2)</num><content><p>The power in subsection (1) is exercisable by the Scottish Ministers (and not by the Secretary of State) so far as it may be used to make provision that would be within the legislative competence of the Scottish Parliament if contained in an Act of that Parliament.</p></content></subsection><subsection eId="section-200-3"><num>(3)</num><intro><p>The power in subsection (1) is exercisable by the Department of Justice in Northern Ireland (and not by the Secretary of State) so far as it may be used to make provision that—</p></intro><level class="para1" eId="section-200-3-a"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level><level class="para1" eId="section-200-3-b"><num>(b)</num><content><p>would not, if contained in a Bill for an Act of the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State.</p></content></level></subsection><subsection eId="section-200-4"><num>(4)</num><intro><p>An offence added under subsection (1)(b) must be—</p></intro><level class="para1" eId="section-200-4-a"><num>(a)</num><content><p>an offence of dishonesty,</p></content></level><level class="para1" eId="section-200-4-b"><num>(b)</num><content><p>an offence that is otherwise of a similar character to those listed (on the passing of this Act) in paragraphs 1 to 6 of Schedule 13, or</p></content></level><level class="para1" eId="section-200-4-c"><num>(c)</num><content><p>a relevant money laundering offence.</p></content></level></subsection><subsection eId="section-200-5"><num>(5)</num><content><p>The Secretary of State may from time to time by regulations restate Schedule 13 as amended by virtue of subsections (1) to (3) (without changing the effect of the Schedule).</p></content></subsection><subsection eId="section-200-6"><num>(6)</num><content><p>For the purposes of section 199(1), where a fraud offence is found to have been committed over a period of 2 or more days, or at some time during a period of 2 or more days, and that period of days straddles the beginning of a financial year of the relevant body in question, the fraud offence must be taken to have been committed on the last of those days.</p></content></subsection><subsection eId="section-200-7"><num>(7)</num><intro><p>In this section “<term refersTo="#term-relevant-money-laundering-offence" eId="term-relevant-money-laundering-offence">relevant money laundering offence</term>” means an offence under any of the following sections of the Proceeds of Crime Act 2002—</p></intro><level class="para1" eId="section-200-7-a"><num>(a)</num><content><p>section 327 (concealing etc);</p></content></level><level class="para1" eId="section-200-7-b"><num>(b)</num><content><p>section 328 (arrangements);</p></content></level><level class="para1" eId="section-200-7-c"><num>(c)</num><content><p>section 329 (acquisition, use and possession).</p></content></level></subsection></section><section eId="section-201"><num>201</num><heading>Section 199: large organisations</heading><subsection eId="section-201-1"><num>(1)</num><content><p>For the purposes of section 199(1) and (2) a relevant body is a “large organisation” only if the body satisfied two or more of the following conditions in the financial year of the body (“year P”) that precedes the year of the fraud offence—</p><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:52%"/><default:col span="1" style="width:48%"/><default:tbody><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Turnover</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">More than £36 million</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Balance sheet total</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">More than £18 million</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Number of employees</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">More than 250.</p></default:td></default:tr></default:tbody></default:table></foreign></tblock></content></subsection><subsection eId="section-201-2"><num>(2)</num><content><p>The reference in subsection (1) to a relevant body does not include a relevant body which is a parent undertaking (as to which see section 202).</p></content></subsection><subsection eId="section-201-3"><num>(3)</num><content><p>For a period that is a relevant body’s financial year but not in fact a year, the figure for turnover must be proportionately adjusted.</p></content></subsection><subsection eId="section-201-4"><num>(4)</num><intro><p>In subsection (1) the “<term refersTo="#term-number-of-employees" eId="term-number-of-employees">number of employees</term>” means the average number of persons employed by the relevant body in year P, determined as follows—</p></intro><level class="para1" eId="section-201-4-a"><num>(a)</num><content><p>find for each month in year P the number of persons employed under contracts of service by the relevant body in that month (whether throughout the month or not),</p></content></level><level class="para1" eId="section-201-4-b"><num>(b)</num><content><p>add together the monthly totals, and</p></content></level><level class="para1" eId="section-201-4-c"><num>(c)</num><content><p>divide by the number of months in year P.</p></content></level></subsection><subsection eId="section-201-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-balance-sheet-total" eId="term-balance-sheet-total">balance sheet total</term>”, in relation to a relevant body and a financial year—</p></intro><level class="para1"><num>(a)</num><content><p>means the aggregate of the amounts shown as assets in its balance sheet at the end of the financial year, or</p></content></level><level class="para1"><num>(b)</num><content><p>where the body has no balance sheet for the financial year, has a corresponding meaning;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“turnover”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to a UK company, has the same meaning as in Part 15 of the Companies Act 2006 (see section 474 of that Act);</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to any other relevant body, has a corresponding meaning;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“year of the fraud offence” is to be interpreted in accordance with section 199(1).</p></content></hcontainer></subsection><subsection eId="section-201-6"><num>(6)</num><content><p>The Secretary of State may by regulations modify this section (other than this subsection and subsections (7) and (9)) and section 202 for the purpose of altering the meaning of “large organisation” in section 199(1) and (2).</p></content></subsection><subsection eId="section-201-7"><num>(7)</num><intro><p>The Secretary of State may (whether or not the power in subsection (6) has been exercised) by regulations—</p></intro><level class="para1" eId="section-201-7-a"><num>(a)</num><content><p>omit the words “which is a large organisation” in section 199(1) and (2)(c), and</p></content></level><level class="para1" eId="section-201-7-b"><num>(b)</num><content><p>make any modifications of this section (other than this subsection) that the Secretary of State thinks appropriate in consequence of provision made under paragraph (a).</p></content></level></subsection><subsection eId="section-201-8"><num>(8)</num><intro><p>Before making regulations under subsection (6) or (7) the Secretary of State must consult—</p></intro><level class="para1" eId="section-201-8-a"><num>(a)</num><content><p>the Scottish Ministers, and</p></content></level><level class="para1" eId="section-201-8-b"><num>(b)</num><content><p>the Department of Justice in Northern Ireland.</p></content></level></subsection><subsection eId="section-201-9"><num>(9)</num><content><p>Regulations under subsection (6) or (7) may make consequential amendments of section 205.</p></content></subsection></section><section eId="section-202"><num>202</num><heading>Large organisations: parent undertakings</heading><subsection eId="section-202-1"><num>(1)</num><content><p>For the purposes of section 199(1) and (2) a relevant body which is a parent undertaking is a “large organisation” only if the group headed by it satisfied two or more of the following conditions in the financial year of the body that precedes the year of the fraud offence—</p><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:52%"/><default:col span="1" style="width:48%"/><default:tbody><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Aggregate turnover</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">More than £36 million net (or £43.2 million gross)</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Aggregate balance sheet total</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">More than £18 million net (or £21.6 million gross)</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Aggregate number of employees</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">More than 250.</p></default:td></default:tr></default:tbody></default:table></foreign></tblock></content></subsection><subsection eId="section-202-2"><num>(2)</num><content><p>The aggregate figures are ascertained by aggregating the relevant figures determined in accordance with section 201 for each member of the group.</p></content></subsection><subsection eId="section-202-3"><num>(3)</num><intro><p>In relation to the aggregate figures for turnover and balance sheet total, “net” and “gross”—</p></intro><level class="para1" eId="section-202-3-a"><num>(a)</num><content><p>except where paragraph (b) applies, have the meaning given by subsection (6) of section 466 of the Companies Act 2006;</p></content></level><level class="para1" eId="section-202-3-b"><num>(b)</num><content><p>in the case of accounts that are not of a kind specified in the definition of “net” in that subsection, have a corresponding meaning.</p></content></level></subsection><subsection eId="section-202-4"><num>(4)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-balance-sheet-total" eId="term-balance-sheet-total">balance sheet total</term>” (in relation to a relevant body and a financial year) has the same meaning as in section 201;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-group" eId="term-group">group</term>” means a parent undertaking and its subsidiary undertakings;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-turnover" eId="term-turnover">turnover</term>” (in relation to a UK company or other relevant body) has the same meaning as in section 201;</p></content></hcontainer><hcontainer name="definition"><content><p>“year of the fraud offence” is to be interpreted in accordance with section 199(1) or (2) (as the case requires).</p></content></hcontainer></subsection><subsection eId="section-202-5"><num>(5)</num><content><p>In this section “balance sheet total” and “<term refersTo="#term-turnover" eId="term-turnover">turnover</term>”, in relation to a subsidiary undertaking which is not a relevant body, have a meaning corresponding to the meaning given by subsection (4).</p></content></subsection></section><section eId="section-203"><num>203</num><heading>Offences under section 199 committed by partnerships</heading><subsection eId="section-203-1"><num>(1)</num><content><p>Proceedings for an offence under section 199 alleged to have been committed by a partnership must be brought in the name of the partnership (and not in that of any of the partners).</p></content></subsection><subsection eId="section-203-2"><num>(2)</num><intro><p>For the purposes of such proceedings—</p></intro><level class="para1" eId="section-203-2-a"><num>(a)</num><content><p>rules of court relating to the service of documents have effect as if the partnership were a body corporate, and</p></content></level><level class="para1" eId="section-203-2-b"><num>(b)</num><intro><p>the following provisions apply as they apply in relation to a body corporate—</p></intro><level class="para2" eId="section-203-2-b-i"><num>(i)</num><content><p>section 33 of the Criminal Justice Act 1925 and Schedule 3 to the Magistrates’ Courts Act 1980;</p></content></level><level class="para2" eId="section-203-2-b-ii"><num>(ii)</num><content><p>section 18 of the <ref eId="c00030" href="http://www.legislation.gov.uk/id/apni/1945/15">Criminal Justice Act (Northern Ireland) 1945 (c. 15 (N.I.))</ref> and Schedule 4 to the Magistrates’ Courts (Northern Ireland) Order 1981 (<ref eId="c00031" href="http://www.legislation.gov.uk/id/nisi/1981/1675">S.I. 1981/1675 (N.I. 26)</ref>);</p></content></level><level class="para2" eId="section-203-2-b-iii"><num>(iii)</num><content><p>sections 34(2), 66(6AA) and 72D(2) of the Criminal Procedure (Scotland) Act 1995.</p></content></level></level></subsection><subsection eId="section-203-3"><num>(3)</num><content><p>A fine imposed on the partnership on its conviction for an offence under section 199 is to be paid out of the partnership assets.</p></content></subsection></section><section eId="section-204"><num>204</num><heading>Guidance about preventing fraud offences</heading><subsection eId="section-204-1"><num>(1)</num><content><p>The Secretary of State must issue guidance about procedures that relevant bodies can put in place to prevent persons associated with them from committing fraud offences as mentioned in section 199(1).</p></content></subsection><subsection eId="section-204-2"><num>(2)</num><content><p>The Secretary of State may from time to time revise the whole or any part of the guidance issued under this section.</p></content></subsection><subsection eId="section-204-3"><num>(3)</num><intro><p>The Secretary of State must publish—</p></intro><level class="para1" eId="section-204-3-a"><num>(a)</num><content><p>any guidance issued under this section;</p></content></level><level class="para1" eId="section-204-3-b"><num>(b)</num><content><p>any revision of that guidance.</p></content></level></subsection><subsection eId="section-204-4"><num>(4)</num><intro><p>Before issuing or revising guidance under this section the Secretary of State must consult—</p></intro><level class="para1" eId="section-204-4-a"><num>(a)</num><content><p>the Scottish Ministers, and</p></content></level><level class="para1" eId="section-204-4-b"><num>(b)</num><content><p>the Department of Justice in Northern Ireland.</p></content></level></subsection><subsection eId="section-204-5"><num>(5)</num><content><p>The requirement to consult those persons may be satisfied by consultation carried out before this section comes into force.</p></content></subsection></section><section eId="section-205"><num>205</num><heading>Failure to prevent fraud: minor definitions</heading><subsection eId="section-205-1"><num>(1)</num><content><p>This section applies for the purposes of sections 199 to 204.</p></content></subsection><subsection eId="section-205-2"><num>(2)</num><content><p>References to a person “associated with” a relevant body are to be interpreted in accordance with section 199(7).</p></content></subsection><subsection eId="section-205-3"><num>(3)</num><content><p>“<term refersTo="#term-financial-year" eId="term-financial-year">Financial year</term>” has the meaning given by section 199(14).</p></content></subsection><subsection eId="section-205-4"><num>(4)</num><content><p>“<term refersTo="#term-fraud-offence" eId="term-fraud-offence">Fraud offence</term>” has the meaning given by section 199(6).</p></content></subsection><subsection eId="section-205-5"><num>(5)</num><content><p>“<term refersTo="#term-modify" eId="term-modify">Modify</term>” includes amend or repeal (and references to modifications are to be interpreted accordingly).</p></content></subsection><subsection eId="section-205-6"><num>(6)</num><content><p>“<term refersTo="#term-parent-undertaking" eId="term-parent-undertaking">Parent undertaking</term>” has the same meaning as in the Companies Acts (see section 1162 of the Companies Act 2006).</p></content></subsection><subsection eId="section-205-7"><num>(7)</num><intro><p>“<term refersTo="#term-partnership" eId="term-partnership">Partnership</term>” means—</p></intro><level class="para1" eId="section-205-7-a"><num>(a)</num><content><p>a partnership within the meaning of the Partnership Act 1890;</p></content></level><level class="para1" eId="section-205-7-b"><num>(b)</num><content><p>a limited partnership registered under the Limited Partnerships Act 1907;</p></content></level><level class="para1" eId="section-205-7-c"><num>(c)</num><content><p>a firm or other entity of a similar character to one within paragraph (a) or (b) formed under the law of a country or territory outside the United Kingdom.</p></content></level></subsection><subsection eId="section-205-8"><num>(8)</num><content><p>“<term refersTo="#term-relevant-body" eId="term-relevant-body">Relevant body</term>” has the meaning given by section 199(13).</p></content></subsection><subsection eId="section-205-9"><num>(9)</num><content><p>“<term refersTo="#term-subsidiary-undertaking" eId="term-subsidiary-undertaking">Subsidiary undertaking</term>” has the same meaning as in the Companies Acts (see section 1162 of the Companies Act 2006).</p></content></subsection><subsection eId="section-205-10"><num>(10)</num><content><p>“<term refersTo="#term-uk-company" eId="term-uk-company">UK company</term>” means a company formed and registered under the Companies Act 2006.</p></content></subsection></section><section eId="section-206"><num>206</num><heading>Failure to prevent fraud: miscellaneous</heading><subsection eId="section-206-1"><num>(1)</num><content><p><mod>In section 61(1) of the Serious Organised Crime and Police Act 2005 (offences to which certain investigatory powers apply), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(k)</num><content><p>an offence under section 199 of the Economic Crime and Corporate Transparency Act 2023 (failure to prevent fraud offences).</p></content></level></quotedStructure></mod></p></content></subsection><subsection eId="section-206-2"><num>(2)</num><intro><p>In Schedule 1 to the Serious Crime Act 2007 (offences which are serious offences for purposes of serious crime prevention orders)—</p></intro><level class="para1" eId="section-206-2-a"><num>(a)</num><content><p><mod>in Part 1 (serious offences in England and Wales), in paragraph 7, after sub-paragraph (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2A)</num><content><p>An offence under section 199 of the Economic Crime and Corporate Transparency Act 2023 (failure to prevent fraud offences).</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-206-2-b"><num>(b)</num><content><p><mod>in Part 1A (serious offences in Scotland), in paragraph 16J, after sub-paragraph (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(1A)</num><content><p>An offence under section 199 of the Economic Crime and Corporate Transparency Act 2023 (failure to prevent fraud offences).</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-206-2-c"><num>(c)</num><content><p><mod>in Part 2 (serious offences in Northern Ireland), in paragraph 23, after sub-paragraph (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2A)</num><content><p>An offence under section 199 of the Economic Crime and Corporate Transparency Act 2023 (failure to prevent fraud offences).</p></content></subparagraph></quotedStructure></mod></p></content></level></subsection><subsection eId="section-206-3"><num>(3)</num><content><p><mod>In Part 2 of Schedule 17 to the Crime and Courts Act 2013 (offences in relation to which a deferred prosecution agreement may be entered into), after paragraph 27A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><paragraph class="schProv1"><num>27B</num><content><p>An offence under section 199 of the Economic Crime and Corporate Transparency Act 2023 (failure to prevent fraud offences).</p></content></paragraph></quotedStructure></mod></p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-199"><num>199</num><heading>Failure to prevent fraud</heading><subsection eId="section-199-1"><num>(1)</num><intro><p>A relevant body which is a large organisation (see sections 201 and 202) is guilty of an offence if, in a financial year of the body (“the year of the fraud offence”), a person who is associated with the body (“the associate”) commits a fraud offence intending to benefit (whether directly or indirectly)—</p></intro><level class="para1" eId="section-199-1-a"><num>(a)</num><content><p>the relevant body, or</p></content></level><level class="para1" eId="section-199-1-b"><num>(b)</num><content><p>any person to whom, or to whose subsidiary undertaking, the associate provides services on behalf of the relevant body.</p></content></level></subsection><subsection eId="section-199-2"><num>(2)</num><intro><p>A relevant body is also guilty of an offence under subsection (1) if—</p></intro><level class="para1" eId="section-199-2-a"><num>(a)</num><content><p>an employee of the relevant body commits a fraud offence intending to benefit (whether directly or indirectly) the relevant body,</p></content></level><level class="para1" eId="section-199-2-b"><num>(b)</num><content><p>the fraud offence is committed in a financial year of a parent undertaking of which the relevant body is a subsidiary undertaking (“the year of the fraud offence”), and</p></content></level><level class="para1" eId="section-199-2-c"><num>(c)</num><content><p>the parent undertaking is a relevant body which is a large organisation.</p></content></level></subsection><subsection eId="section-199-3"><num>(3)</num><content><p>But the relevant body is not guilty of an offence under subsection (1)(b) if the body itself was, or was intended to be, a victim of the fraud offence.</p></content></subsection><subsection eId="section-199-4"><num>(4)</num><intro><p>It is a defence for the relevant body to prove that, at the time the fraud offence was committed—</p></intro><level class="para1" eId="section-199-4-a"><num>(a)</num><content><p>the body had in place such prevention procedures as it was reasonable in all the circumstances to expect the body to have in place, or</p></content></level><level class="para1" eId="section-199-4-b"><num>(b)</num><content><p>it was not reasonable in all the circumstances to expect the body to have any prevention procedures in place.</p></content></level></subsection><subsection eId="section-199-5"><num>(5)</num><content><p>In subsection (4) “<term refersTo="#term-prevention-procedures" eId="term-prevention-procedures">prevention procedures</term>” means procedures designed to prevent persons associated with the body from committing fraud offences.</p></content></subsection><subsection eId="section-199-6"><num>(6)</num><intro><p>A “fraud offence” is an act which constitutes—</p></intro><level class="para1" eId="section-199-6-a"><num>(a)</num><content><p>an offence listed in Schedule 13 (a “listed offence”), or</p></content></level><level class="para1" eId="section-199-6-b"><num>(b)</num><content><p>aiding, abetting, counselling or procuring the commission of a listed offence.</p></content></level></subsection><subsection eId="section-199-7"><num>(7)</num><intro><p>For the purposes of this section a person is associated with a relevant body if—</p></intro><level class="para1" eId="section-199-7-a"><num>(a)</num><content><p>the person is an employee, agent or subsidiary undertaking of the relevant body, or</p></content></level><level class="para1" eId="section-199-7-b"><num>(b)</num><content><p>the person otherwise performs services for or on behalf of the body.</p></content></level></subsection><subsection eId="section-199-8"><num>(8)</num><content><p>For the purposes of this section a person is also associated with a relevant body if the person is an employee of a subsidiary undertaking of the relevant body; but for the purpose of determining whether an offence is committed by virtue of this subsection, subsection (1) has effect with the omission of paragraph (b) (and the “or” preceding it).</p></content></subsection><subsection eId="section-199-9"><num>(9)</num><content><p>Whether or not a particular person performs services for or on behalf of a relevant body is to be determined by reference to all the relevant circumstances and not merely by reference to the nature of the relationship between that person and the body.</p></content></subsection><subsection eId="section-199-10"><num>(10)</num><content><p>Where a relevant body is liable to be proceeded against for an offence under subsection (1) in a particular part of the United Kingdom, proceedings against the body for the offence may be taken in any place in the United Kingdom.</p></content></subsection><subsection eId="section-199-11"><num>(11)</num><intro><p>Where by virtue of subsection (10) proceedings against a relevant body for an offence are to be taken in Scotland—</p></intro><level class="para1" eId="section-199-11-a"><num>(a)</num><content><p>the body may be prosecuted, tried and punished in a sheriff court district determined by the Lord Advocate, as if the offence had been committed in that district, and</p></content></level><level class="para1" eId="section-199-11-b"><num>(b)</num><content><p>the offence is, for all purposes incidental to or consequential on the trial or punishment, deemed to have been committed in that district.</p></content></level></subsection><subsection eId="section-199-12"><num>(12)</num><intro><p>A relevant body guilty of an offence under this section is liable—</p></intro><level class="para1" eId="section-199-12-a"><num>(a)</num><content><p>on conviction on indictment, to a fine;</p></content></level><level class="para1" eId="section-199-12-b"><num>(b)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level><level class="para1" eId="section-199-12-c"><num>(c)</num><content><p>on summary conviction in Scotland or Northern Ireland, to a fine not exceeding the statutory maximum.</p></content></level></subsection><subsection eId="section-199-13"><num>(13)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-body" eId="term-relevant-body">relevant body</term>” means a body corporate or a partnership (wherever incorporated or formed);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-sheriff-court-district" eId="term-sheriff-court-district">sheriff court district</term>” is to be read in accordance with the Criminal Procedure (Scotland) Act 1995 (see section 307(1) of that Act).</p></content></hcontainer></subsection><subsection eId="section-199-14"><num>(14)</num><intro><p>In this section “financial year”—</p></intro><level class="para1" eId="section-199-14-a"><num>(a)</num><content><p>in relation to a UK company, has the meaning given by the Companies Act 2006 (see section 390 of that Act);</p></content></level><level class="para1" eId="section-199-14-b"><num>(b)</num><intro><p>in relation to a relevant body that is not a UK company means—</p></intro><level class="para2" eId="section-199-14-b-i"><num>(i)</num><content><p>any period in respect of which a profit and loss account of the relevant body is required to be made up (by its constitution or by the law under which it is established), whether that period is a year or not, or</p></content></level><level class="para2" eId="section-199-14-b-ii"><num>(ii)</num><content><p>if the body is not required by its constitution or the law under which it is established to draw up a profit and loss account, a calendar year.</p></content></level></level></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-199-1"><num>(1)</num><intro><p>A relevant body which is a large organisation (see sections 201 and 202) is guilty of an offence if, in a financial year of the body (“the year of the fraud offence”), a person who is associated with the body (“the associate”) commits a fraud offence intending to benefit (whether directly or indirectly)—</p></intro><level class="para1" eId="section-199-1-a"><num>(a)</num><content><p>the relevant body, or</p></content></level><level class="para1" eId="section-199-1-b"><num>(b)</num><content><p>any person to whom, or to whose subsidiary undertaking, the associate provides services on behalf of the relevant body.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-199-1-a"><num>(a)</num><content><p>the relevant body, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-199-1-b"><num>(b)</num><content><p>any person to whom, or to whose subsidiary undertaking, the associate provides services on behalf of the relevant body.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-199-2"><num>(2)</num><intro><p>A relevant body is also guilty of an offence under subsection (1) if—</p></intro><level class="para1" eId="section-199-2-a"><num>(a)</num><content><p>an employee of the relevant body commits a fraud offence intending to benefit (whether directly or indirectly) the relevant body,</p></content></level><level class="para1" eId="section-199-2-b"><num>(b)</num><content><p>the fraud offence is committed in a financial year of a parent undertaking of which the relevant body is a subsidiary undertaking (“the year of the fraud offence”), and</p></content></level><level class="para1" eId="section-199-2-c"><num>(c)</num><content><p>the parent undertaking is a relevant body which is a large organisation.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-199-2-a"><num>(a)</num><content><p>an employee of the relevant body commits a fraud offence intending to benefit (whether directly or indirectly) the relevant body,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-199-2-b"><num>(b)</num><content><p>the fraud offence is committed in a financial year of a parent undertaking of which the relevant body is a subsidiary undertaking (“the year of the fraud offence”), and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-199-2-c"><num>(c)</num><content><p>the parent undertaking is a relevant body which is a large organisation.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-199-3"><num>(3)</num><content><p>But the relevant body is not guilty of an offence under subsection (1)(b) if the body itself was, or was intended to be, a victim of the fraud offence.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-199-4"><num>(4)</num><intro><p>It is a defence for the relevant body to prove that, at the time the fraud offence was committed—</p></intro><level class="para1" eId="section-199-4-a"><num>(a)</num><content><p>the body had in place such prevention procedures as it was reasonable in all the circumstances to expect the body to have in place, or</p></content></level><level class="para1" eId="section-199-4-b"><num>(b)</num><content><p>it was not reasonable in all the circumstances to expect the body to have any prevention procedures in place.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-199-4-a"><num>(a)</num><content><p>the body had in place such prevention procedures as it was reasonable in all the circumstances to expect the body to have in place, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-199-4-b"><num>(b)</num><content><p>it was not reasonable in all the circumstances to expect the body to have any prevention procedures in place.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-199-5"><num>(5)</num><content><p>In subsection (4) “<term refersTo="#term-prevention-procedures" eId="term-prevention-procedures">prevention procedures</term>” means procedures designed to prevent persons associated with the body from committing fraud offences.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-199-6"><num>(6)</num><intro><p>A “fraud offence” is an act which constitutes—</p></intro><level class="para1" eId="section-199-6-a"><num>(a)</num><content><p>an offence listed in Schedule 13 (a “listed offence”), or</p></content></level><level class="para1" eId="section-199-6-b"><num>(b)</num><content><p>aiding, abetting, counselling or procuring the commission of a listed offence.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-199-6-a"><num>(a)</num><content><p>an offence listed in Schedule 13 (a “listed offence”), or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-199-6-b"><num>(b)</num><content><p>aiding, abetting, counselling or procuring the commission of a listed offence.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-199-7"><num>(7)</num><intro><p>For the purposes of this section a person is associated with a relevant body if—</p></intro><level class="para1" eId="section-199-7-a"><num>(a)</num><content><p>the person is an employee, agent or subsidiary undertaking of the relevant body, or</p></content></level><level class="para1" eId="section-199-7-b"><num>(b)</num><content><p>the person otherwise performs services for or on behalf of the body.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-199-7-a"><num>(a)</num><content><p>the person is an employee, agent or subsidiary undertaking of the relevant body, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-199-7-b"><num>(b)</num><content><p>the person otherwise performs services for or on behalf of the body.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-199-8"><num>(8)</num><content><p>For the purposes of this section a person is also associated with a relevant body if the person is an employee of a subsidiary undertaking of the relevant body; but for the purpose of determining whether an offence is committed by virtue of this subsection, subsection (1) has effect with the omission of paragraph (b) (and the “or” preceding it).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-199-9"><num>(9)</num><content><p>Whether or not a particular person performs services for or on behalf of a relevant body is to be determined by reference to all the relevant circumstances and not merely by reference to the nature of the relationship between that person and the body.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-199-10"><num>(10)</num><content><p>Where a relevant body is liable to be proceeded against for an offence under subsection (1) in a particular part of the United Kingdom, proceedings against the body for the offence may be taken in any place in the United Kingdom.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-199-11"><num>(11)</num><intro><p>Where by virtue of subsection (10) proceedings against a relevant body for an offence are to be taken in Scotland—</p></intro><level class="para1" eId="section-199-11-a"><num>(a)</num><content><p>the body may be prosecuted, tried and punished in a sheriff court district determined by the Lord Advocate, as if the offence had been committed in that district, and</p></content></level><level class="para1" eId="section-199-11-b"><num>(b)</num><content><p>the offence is, for all purposes incidental to or consequential on the trial or punishment, deemed to have been committed in that district.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-199-11-a"><num>(a)</num><content><p>the body may be prosecuted, tried and punished in a sheriff court district determined by the Lord Advocate, as if the offence had been committed in that district, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-199-11-b"><num>(b)</num><content><p>the offence is, for all purposes incidental to or consequential on the trial or punishment, deemed to have been committed in that district.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-199-12"><num>(12)</num><intro><p>A relevant body guilty of an offence under this section is liable—</p></intro><level class="para1" eId="section-199-12-a"><num>(a)</num><content><p>on conviction on indictment, to a fine;</p></content></level><level class="para1" eId="section-199-12-b"><num>(b)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level><level class="para1" eId="section-199-12-c"><num>(c)</num><content><p>on summary conviction in Scotland or Northern Ireland, to a fine not exceeding the statutory maximum.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-199-12-a"><num>(a)</num><content><p>on conviction on indictment, to a fine;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-199-12-b"><num>(b)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-199-12-c"><num>(c)</num><content><p>on summary conviction in Scotland or Northern Ireland, to a fine not exceeding the statutory maximum.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-199-13"><num>(13)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-body" eId="term-relevant-body">relevant body</term>” means a body corporate or a partnership (wherever incorporated or formed);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-sheriff-court-district" eId="term-sheriff-court-district">sheriff court district</term>” is to be read in accordance with the Criminal Procedure (Scotland) Act 1995 (see section 307(1) of that Act).</p></content></hcontainer></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-199-14"><num>(14)</num><intro><p>In this section “financial year”—</p></intro><level class="para1" eId="section-199-14-a"><num>(a)</num><content><p>in relation to a UK company, has the meaning given by the Companies Act 2006 (see section 390 of that Act);</p></content></level><level class="para1" eId="section-199-14-b"><num>(b)</num><intro><p>in relation to a relevant body that is not a UK company means—</p></intro><level class="para2" eId="section-199-14-b-i"><num>(i)</num><content><p>any period in respect of which a profit and loss account of the relevant body is required to be made up (by its constitution or by the law under which it is established), whether that period is a year or not, or</p></content></level><level class="para2" eId="section-199-14-b-ii"><num>(ii)</num><content><p>if the body is not required by its constitution or the law under which it is established to draw up a profit and loss account, a calendar year.</p></content></level></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-199-14-a"><num>(a)</num><content><p>in relation to a UK company, has the meaning given by the Companies Act 2006 (see section 390 of that Act);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-199-14-b"><num>(b)</num><intro><p>in relation to a relevant body that is not a UK company means—</p></intro><level class="para2" eId="section-199-14-b-i"><num>(i)</num><content><p>any period in respect of which a profit and loss account of the relevant body is required to be made up (by its constitution or by the law under which it is established), whether that period is a year or not, or</p></content></level><level class="para2" eId="section-199-14-b-ii"><num>(ii)</num><content><p>if the body is not required by its constitution or the law under which it is established to draw up a profit and loss account, a calendar year.</p></content></level></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-199-14-b-i"><num>(i)</num><content><p>any period in respect of which a profit and loss account of the relevant body is required to be made up (by its constitution or by the law under which it is established), whether that period is a year or not, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-199-14-b-ii"><num>(ii)</num><content><p>if the body is not required by its constitution or the law under which it is established to draw up a profit and loss account, a calendar year.</p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-200"><num>200</num><heading>Fraud offences: supplementary</heading><subsection eId="section-200-1"><num>(1)</num><intro><p>The Secretary of State may by regulations amend Schedule 13 by—</p></intro><level class="para1" eId="section-200-1-a"><num>(a)</num><content><p>removing an offence from the list in the Schedule, or</p></content></level><level class="para1" eId="section-200-1-b"><num>(b)</num><content><p>adding an offence to that list.</p></content></level></subsection><subsection eId="section-200-2"><num>(2)</num><content><p>The power in subsection (1) is exercisable by the Scottish Ministers (and not by the Secretary of State) so far as it may be used to make provision that would be within the legislative competence of the Scottish Parliament if contained in an Act of that Parliament.</p></content></subsection><subsection eId="section-200-3"><num>(3)</num><intro><p>The power in subsection (1) is exercisable by the Department of Justice in Northern Ireland (and not by the Secretary of State) so far as it may be used to make provision that—</p></intro><level class="para1" eId="section-200-3-a"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level><level class="para1" eId="section-200-3-b"><num>(b)</num><content><p>would not, if contained in a Bill for an Act of the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State.</p></content></level></subsection><subsection eId="section-200-4"><num>(4)</num><intro><p>An offence added under subsection (1)(b) must be—</p></intro><level class="para1" eId="section-200-4-a"><num>(a)</num><content><p>an offence of dishonesty,</p></content></level><level class="para1" eId="section-200-4-b"><num>(b)</num><content><p>an offence that is otherwise of a similar character to those listed (on the passing of this Act) in paragraphs 1 to 6 of Schedule 13, or</p></content></level><level class="para1" eId="section-200-4-c"><num>(c)</num><content><p>a relevant money laundering offence.</p></content></level></subsection><subsection eId="section-200-5"><num>(5)</num><content><p>The Secretary of State may from time to time by regulations restate Schedule 13 as amended by virtue of subsections (1) to (3) (without changing the effect of the Schedule).</p></content></subsection><subsection eId="section-200-6"><num>(6)</num><content><p>For the purposes of section 199(1), where a fraud offence is found to have been committed over a period of 2 or more days, or at some time during a period of 2 or more days, and that period of days straddles the beginning of a financial year of the relevant body in question, the fraud offence must be taken to have been committed on the last of those days.</p></content></subsection><subsection eId="section-200-7"><num>(7)</num><intro><p>In this section “<term refersTo="#term-relevant-money-laundering-offence" eId="term-relevant-money-laundering-offence">relevant money laundering offence</term>” means an offence under any of the following sections of the Proceeds of Crime Act 2002—</p></intro><level class="para1" eId="section-200-7-a"><num>(a)</num><content><p>section 327 (concealing etc);</p></content></level><level class="para1" eId="section-200-7-b"><num>(b)</num><content><p>section 328 (arrangements);</p></content></level><level class="para1" eId="section-200-7-c"><num>(c)</num><content><p>section 329 (acquisition, use and possession).</p></content></level></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-200-1"><num>(1)</num><intro><p>The Secretary of State may by regulations amend Schedule 13 by—</p></intro><level class="para1" eId="section-200-1-a"><num>(a)</num><content><p>removing an offence from the list in the Schedule, or</p></content></level><level class="para1" eId="section-200-1-b"><num>(b)</num><content><p>adding an offence to that list.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-200-1-a"><num>(a)</num><content><p>removing an offence from the list in the Schedule, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-200-1-b"><num>(b)</num><content><p>adding an offence to that list.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-200-2"><num>(2)</num><content><p>The power in subsection (1) is exercisable by the Scottish Ministers (and not by the Secretary of State) so far as it may be used to make provision that would be within the legislative competence of the Scottish Parliament if contained in an Act of that Parliament.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-200-3"><num>(3)</num><intro><p>The power in subsection (1) is exercisable by the Department of Justice in Northern Ireland (and not by the Secretary of State) so far as it may be used to make provision that—</p></intro><level class="para1" eId="section-200-3-a"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level><level class="para1" eId="section-200-3-b"><num>(b)</num><content><p>would not, if contained in a Bill for an Act of the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-200-3-a"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-200-3-b"><num>(b)</num><content><p>would not, if contained in a Bill for an Act of the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-200-4"><num>(4)</num><intro><p>An offence added under subsection (1)(b) must be—</p></intro><level class="para1" eId="section-200-4-a"><num>(a)</num><content><p>an offence of dishonesty,</p></content></level><level class="para1" eId="section-200-4-b"><num>(b)</num><content><p>an offence that is otherwise of a similar character to those listed (on the passing of this Act) in paragraphs 1 to 6 of Schedule 13, or</p></content></level><level class="para1" eId="section-200-4-c"><num>(c)</num><content><p>a relevant money laundering offence.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-200-4-a"><num>(a)</num><content><p>an offence of dishonesty,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-200-4-b"><num>(b)</num><content><p>an offence that is otherwise of a similar character to those listed (on the passing of this Act) in paragraphs 1 to 6 of Schedule 13, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-200-4-c"><num>(c)</num><content><p>a relevant money laundering offence.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-200-5"><num>(5)</num><content><p>The Secretary of State may from time to time by regulations restate Schedule 13 as amended by virtue of subsections (1) to (3) (without changing the effect of the Schedule).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-200-6"><num>(6)</num><content><p>For the purposes of section 199(1), where a fraud offence is found to have been committed over a period of 2 or more days, or at some time during a period of 2 or more days, and that period of days straddles the beginning of a financial year of the relevant body in question, the fraud offence must be taken to have been committed on the last of those days.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-200-7"><num>(7)</num><intro><p>In this section “<term refersTo="#term-relevant-money-laundering-offence" eId="term-relevant-money-laundering-offence">relevant money laundering offence</term>” means an offence under any of the following sections of the Proceeds of Crime Act 2002—</p></intro><level class="para1" eId="section-200-7-a"><num>(a)</num><content><p>section 327 (concealing etc);</p></content></level><level class="para1" eId="section-200-7-b"><num>(b)</num><content><p>section 328 (arrangements);</p></content></level><level class="para1" eId="section-200-7-c"><num>(c)</num><content><p>section 329 (acquisition, use and possession).</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-200-7-a"><num>(a)</num><content><p>section 327 (concealing etc);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-200-7-b"><num>(b)</num><content><p>section 328 (arrangements);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-200-7-c"><num>(c)</num><content><p>section 329 (acquisition, use and possession).</p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-201"><num>201</num><heading>Section 199: large organisations</heading><subsection eId="section-201-1"><num>(1)</num><content><p>For the purposes of section 199(1) and (2) a relevant body is a “large organisation” only if the body satisfied two or more of the following conditions in the financial year of the body (“year P”) that precedes the year of the fraud offence—</p><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:52%"/><default:col span="1" style="width:48%"/><default:tbody><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Turnover</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">More than £36 million</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Balance sheet total</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">More than £18 million</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Number of employees</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">More than 250.</p></default:td></default:tr></default:tbody></default:table></foreign></tblock></content></subsection><subsection eId="section-201-2"><num>(2)</num><content><p>The reference in subsection (1) to a relevant body does not include a relevant body which is a parent undertaking (as to which see section 202).</p></content></subsection><subsection eId="section-201-3"><num>(3)</num><content><p>For a period that is a relevant body’s financial year but not in fact a year, the figure for turnover must be proportionately adjusted.</p></content></subsection><subsection eId="section-201-4"><num>(4)</num><intro><p>In subsection (1) the “<term refersTo="#term-number-of-employees" eId="term-number-of-employees">number of employees</term>” means the average number of persons employed by the relevant body in year P, determined as follows—</p></intro><level class="para1" eId="section-201-4-a"><num>(a)</num><content><p>find for each month in year P the number of persons employed under contracts of service by the relevant body in that month (whether throughout the month or not),</p></content></level><level class="para1" eId="section-201-4-b"><num>(b)</num><content><p>add together the monthly totals, and</p></content></level><level class="para1" eId="section-201-4-c"><num>(c)</num><content><p>divide by the number of months in year P.</p></content></level></subsection><subsection eId="section-201-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-balance-sheet-total" eId="term-balance-sheet-total">balance sheet total</term>”, in relation to a relevant body and a financial year—</p></intro><level class="para1"><num>(a)</num><content><p>means the aggregate of the amounts shown as assets in its balance sheet at the end of the financial year, or</p></content></level><level class="para1"><num>(b)</num><content><p>where the body has no balance sheet for the financial year, has a corresponding meaning;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“turnover”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to a UK company, has the same meaning as in Part 15 of the Companies Act 2006 (see section 474 of that Act);</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to any other relevant body, has a corresponding meaning;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“year of the fraud offence” is to be interpreted in accordance with section 199(1).</p></content></hcontainer></subsection><subsection eId="section-201-6"><num>(6)</num><content><p>The Secretary of State may by regulations modify this section (other than this subsection and subsections (7) and (9)) and section 202 for the purpose of altering the meaning of “large organisation” in section 199(1) and (2).</p></content></subsection><subsection eId="section-201-7"><num>(7)</num><intro><p>The Secretary of State may (whether or not the power in subsection (6) has been exercised) by regulations—</p></intro><level class="para1" eId="section-201-7-a"><num>(a)</num><content><p>omit the words “which is a large organisation” in section 199(1) and (2)(c), and</p></content></level><level class="para1" eId="section-201-7-b"><num>(b)</num><content><p>make any modifications of this section (other than this subsection) that the Secretary of State thinks appropriate in consequence of provision made under paragraph (a).</p></content></level></subsection><subsection eId="section-201-8"><num>(8)</num><intro><p>Before making regulations under subsection (6) or (7) the Secretary of State must consult—</p></intro><level class="para1" eId="section-201-8-a"><num>(a)</num><content><p>the Scottish Ministers, and</p></content></level><level class="para1" eId="section-201-8-b"><num>(b)</num><content><p>the Department of Justice in Northern Ireland.</p></content></level></subsection><subsection eId="section-201-9"><num>(9)</num><content><p>Regulations under subsection (6) or (7) may make consequential amendments of section 205.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-201-1"><num>(1)</num><content><p>For the purposes of section 199(1) and (2) a relevant body is a “large organisation” only if the body satisfied two or more of the following conditions in the financial year of the body (“year P”) that precedes the year of the fraud offence—</p><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:52%"/><default:col span="1" style="width:48%"/><default:tbody><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Turnover</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">More than £36 million</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Balance sheet total</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">More than £18 million</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Number of employees</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">More than 250.</p></default:td></default:tr></default:tbody></default:table></foreign></tblock></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-201-2"><num>(2)</num><content><p>The reference in subsection (1) to a relevant body does not include a relevant body which is a parent undertaking (as to which see section 202).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-201-3"><num>(3)</num><content><p>For a period that is a relevant body’s financial year but not in fact a year, the figure for turnover must be proportionately adjusted.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-201-4"><num>(4)</num><intro><p>In subsection (1) the “<term refersTo="#term-number-of-employees" eId="term-number-of-employees">number of employees</term>” means the average number of persons employed by the relevant body in year P, determined as follows—</p></intro><level class="para1" eId="section-201-4-a"><num>(a)</num><content><p>find for each month in year P the number of persons employed under contracts of service by the relevant body in that month (whether throughout the month or not),</p></content></level><level class="para1" eId="section-201-4-b"><num>(b)</num><content><p>add together the monthly totals, and</p></content></level><level class="para1" eId="section-201-4-c"><num>(c)</num><content><p>divide by the number of months in year P.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-201-4-a"><num>(a)</num><content><p>find for each month in year P the number of persons employed under contracts of service by the relevant body in that month (whether throughout the month or not),</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-201-4-b"><num>(b)</num><content><p>add together the monthly totals, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-201-4-c"><num>(c)</num><content><p>divide by the number of months in year P.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-201-5"><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-balance-sheet-total" eId="term-balance-sheet-total">balance sheet total</term>”, in relation to a relevant body and a financial year—</p></intro><level class="para1"><num>(a)</num><content><p>means the aggregate of the amounts shown as assets in its balance sheet at the end of the financial year, or</p></content></level><level class="para1"><num>(b)</num><content><p>where the body has no balance sheet for the financial year, has a corresponding meaning;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“turnover”—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to a UK company, has the same meaning as in Part 15 of the Companies Act 2006 (see section 474 of that Act);</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to any other relevant body, has a corresponding meaning;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“year of the fraud offence” is to be interpreted in accordance with section 199(1).</p></content></hcontainer></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-201-6"><num>(6)</num><content><p>The Secretary of State may by regulations modify this section (other than this subsection and subsections (7) and (9)) and section 202 for the purpose of altering the meaning of “large organisation” in section 199(1) and (2).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-201-7"><num>(7)</num><intro><p>The Secretary of State may (whether or not the power in subsection (6) has been exercised) by regulations—</p></intro><level class="para1" eId="section-201-7-a"><num>(a)</num><content><p>omit the words “which is a large organisation” in section 199(1) and (2)(c), and</p></content></level><level class="para1" eId="section-201-7-b"><num>(b)</num><content><p>make any modifications of this section (other than this subsection) that the Secretary of State thinks appropriate in consequence of provision made under paragraph (a).</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-201-7-a"><num>(a)</num><content><p>omit the words “which is a large organisation” in section 199(1) and (2)(c), and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-201-7-b"><num>(b)</num><content><p>make any modifications of this section (other than this subsection) that the Secretary of State thinks appropriate in consequence of provision made under paragraph (a).</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-201-8"><num>(8)</num><intro><p>Before making regulations under subsection (6) or (7) the Secretary of State must consult—</p></intro><level class="para1" eId="section-201-8-a"><num>(a)</num><content><p>the Scottish Ministers, and</p></content></level><level class="para1" eId="section-201-8-b"><num>(b)</num><content><p>the Department of Justice in Northern Ireland.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-201-8-a"><num>(a)</num><content><p>the Scottish Ministers, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-201-8-b"><num>(b)</num><content><p>the Department of Justice in Northern Ireland.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-201-9"><num>(9)</num><content><p>Regulations under subsection (6) or (7) may make consequential amendments of section 205.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-202"><num>202</num><heading>Large organisations: parent undertakings</heading><subsection eId="section-202-1"><num>(1)</num><content><p>For the purposes of section 199(1) and (2) a relevant body which is a parent undertaking is a “large organisation” only if the group headed by it satisfied two or more of the following conditions in the financial year of the body that precedes the year of the fraud offence—</p><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:52%"/><default:col span="1" style="width:48%"/><default:tbody><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Aggregate turnover</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">More than £36 million net (or £43.2 million gross)</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Aggregate balance sheet total</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">More than £18 million net (or £21.6 million gross)</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Aggregate number of employees</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">More than 250.</p></default:td></default:tr></default:tbody></default:table></foreign></tblock></content></subsection><subsection eId="section-202-2"><num>(2)</num><content><p>The aggregate figures are ascertained by aggregating the relevant figures determined in accordance with section 201 for each member of the group.</p></content></subsection><subsection eId="section-202-3"><num>(3)</num><intro><p>In relation to the aggregate figures for turnover and balance sheet total, “net” and “gross”—</p></intro><level class="para1" eId="section-202-3-a"><num>(a)</num><content><p>except where paragraph (b) applies, have the meaning given by subsection (6) of section 466 of the Companies Act 2006;</p></content></level><level class="para1" eId="section-202-3-b"><num>(b)</num><content><p>in the case of accounts that are not of a kind specified in the definition of “net” in that subsection, have a corresponding meaning.</p></content></level></subsection><subsection eId="section-202-4"><num>(4)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-balance-sheet-total" eId="term-balance-sheet-total">balance sheet total</term>” (in relation to a relevant body and a financial year) has the same meaning as in section 201;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-group" eId="term-group">group</term>” means a parent undertaking and its subsidiary undertakings;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-turnover" eId="term-turnover">turnover</term>” (in relation to a UK company or other relevant body) has the same meaning as in section 201;</p></content></hcontainer><hcontainer name="definition"><content><p>“year of the fraud offence” is to be interpreted in accordance with section 199(1) or (2) (as the case requires).</p></content></hcontainer></subsection><subsection eId="section-202-5"><num>(5)</num><content><p>In this section “balance sheet total” and “<term refersTo="#term-turnover" eId="term-turnover">turnover</term>”, in relation to a subsidiary undertaking which is not a relevant body, have a meaning corresponding to the meaning given by subsection (4).</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-202-1"><num>(1)</num><content><p>For the purposes of section 199(1) and (2) a relevant body which is a parent undertaking is a “large organisation” only if the group headed by it satisfied two or more of the following conditions in the financial year of the body that precedes the year of the fraud offence—</p><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:52%"/><default:col span="1" style="width:48%"/><default:tbody><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Aggregate turnover</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">More than £36 million net (or £43.2 million gross)</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Aggregate balance sheet total</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">More than £18 million net (or £21.6 million gross)</p></default:td></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Aggregate number of employees</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">More than 250.</p></default:td></default:tr></default:tbody></default:table></foreign></tblock></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-202-2"><num>(2)</num><content><p>The aggregate figures are ascertained by aggregating the relevant figures determined in accordance with section 201 for each member of the group.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-202-3"><num>(3)</num><intro><p>In relation to the aggregate figures for turnover and balance sheet total, “net” and “gross”—</p></intro><level class="para1" eId="section-202-3-a"><num>(a)</num><content><p>except where paragraph (b) applies, have the meaning given by subsection (6) of section 466 of the Companies Act 2006;</p></content></level><level class="para1" eId="section-202-3-b"><num>(b)</num><content><p>in the case of accounts that are not of a kind specified in the definition of “net” in that subsection, have a corresponding meaning.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-202-3-a"><num>(a)</num><content><p>except where paragraph (b) applies, have the meaning given by subsection (6) of section 466 of the Companies Act 2006;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-202-3-b"><num>(b)</num><content><p>in the case of accounts that are not of a kind specified in the definition of “net” in that subsection, have a corresponding meaning.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-202-4"><num>(4)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-balance-sheet-total" eId="term-balance-sheet-total">balance sheet total</term>” (in relation to a relevant body and a financial year) has the same meaning as in section 201;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-group" eId="term-group">group</term>” means a parent undertaking and its subsidiary undertakings;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-turnover" eId="term-turnover">turnover</term>” (in relation to a UK company or other relevant body) has the same meaning as in section 201;</p></content></hcontainer><hcontainer name="definition"><content><p>“year of the fraud offence” is to be interpreted in accordance with section 199(1) or (2) (as the case requires).</p></content></hcontainer></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-202-5"><num>(5)</num><content><p>In this section “balance sheet total” and “<term refersTo="#term-turnover" eId="term-turnover">turnover</term>”, in relation to a subsidiary undertaking which is not a relevant body, have a meaning corresponding to the meaning given by subsection (4).</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-203"><num>203</num><heading>Offences under section 199 committed by partnerships</heading><subsection eId="section-203-1"><num>(1)</num><content><p>Proceedings for an offence under section 199 alleged to have been committed by a partnership must be brought in the name of the partnership (and not in that of any of the partners).</p></content></subsection><subsection eId="section-203-2"><num>(2)</num><intro><p>For the purposes of such proceedings—</p></intro><level class="para1" eId="section-203-2-a"><num>(a)</num><content><p>rules of court relating to the service of documents have effect as if the partnership were a body corporate, and</p></content></level><level class="para1" eId="section-203-2-b"><num>(b)</num><intro><p>the following provisions apply as they apply in relation to a body corporate—</p></intro><level class="para2" eId="section-203-2-b-i"><num>(i)</num><content><p>section 33 of the Criminal Justice Act 1925 and Schedule 3 to the Magistrates’ Courts Act 1980;</p></content></level><level class="para2" eId="section-203-2-b-ii"><num>(ii)</num><content><p>section 18 of the <ref eId="c00030" href="http://www.legislation.gov.uk/id/apni/1945/15">Criminal Justice Act (Northern Ireland) 1945 (c. 15 (N.I.))</ref> and Schedule 4 to the Magistrates’ Courts (Northern Ireland) Order 1981 (<ref eId="c00031" href="http://www.legislation.gov.uk/id/nisi/1981/1675">S.I. 1981/1675 (N.I. 26)</ref>);</p></content></level><level class="para2" eId="section-203-2-b-iii"><num>(iii)</num><content><p>sections 34(2), 66(6AA) and 72D(2) of the Criminal Procedure (Scotland) Act 1995.</p></content></level></level></subsection><subsection eId="section-203-3"><num>(3)</num><content><p>A fine imposed on the partnership on its conviction for an offence under section 199 is to be paid out of the partnership assets.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-203-1"><num>(1)</num><content><p>Proceedings for an offence under section 199 alleged to have been committed by a partnership must be brought in the name of the partnership (and not in that of any of the partners).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-203-2"><num>(2)</num><intro><p>For the purposes of such proceedings—</p></intro><level class="para1" eId="section-203-2-a"><num>(a)</num><content><p>rules of court relating to the service of documents have effect as if the partnership were a body corporate, and</p></content></level><level class="para1" eId="section-203-2-b"><num>(b)</num><intro><p>the following provisions apply as they apply in relation to a body corporate—</p></intro><level class="para2" eId="section-203-2-b-i"><num>(i)</num><content><p>section 33 of the Criminal Justice Act 1925 and Schedule 3 to the Magistrates’ Courts Act 1980;</p></content></level><level class="para2" eId="section-203-2-b-ii"><num>(ii)</num><content><p>section 18 of the <ref eId="c00030" href="http://www.legislation.gov.uk/id/apni/1945/15">Criminal Justice Act (Northern Ireland) 1945 (c. 15 (N.I.))</ref> and Schedule 4 to the Magistrates’ Courts (Northern Ireland) Order 1981 (<ref eId="c00031" href="http://www.legislation.gov.uk/id/nisi/1981/1675">S.I. 1981/1675 (N.I. 26)</ref>);</p></content></level><level class="para2" eId="section-203-2-b-iii"><num>(iii)</num><content><p>sections 34(2), 66(6AA) and 72D(2) of the Criminal Procedure (Scotland) Act 1995.</p></content></level></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-203-2-a"><num>(a)</num><content><p>rules of court relating to the service of documents have effect as if the partnership were a body corporate, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-203-2-b"><num>(b)</num><intro><p>the following provisions apply as they apply in relation to a body corporate—</p></intro><level class="para2" eId="section-203-2-b-i"><num>(i)</num><content><p>section 33 of the Criminal Justice Act 1925 and Schedule 3 to the Magistrates’ Courts Act 1980;</p></content></level><level class="para2" eId="section-203-2-b-ii"><num>(ii)</num><content><p>section 18 of the <ref eId="c00030" href="http://www.legislation.gov.uk/id/apni/1945/15">Criminal Justice Act (Northern Ireland) 1945 (c. 15 (N.I.))</ref> and Schedule 4 to the Magistrates’ Courts (Northern Ireland) Order 1981 (<ref eId="c00031" href="http://www.legislation.gov.uk/id/nisi/1981/1675">S.I. 1981/1675 (N.I. 26)</ref>);</p></content></level><level class="para2" eId="section-203-2-b-iii"><num>(iii)</num><content><p>sections 34(2), 66(6AA) and 72D(2) of the Criminal Procedure (Scotland) Act 1995.</p></content></level></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-203-2-b-i"><num>(i)</num><content><p>section 33 of the Criminal Justice Act 1925 and Schedule 3 to the Magistrates’ Courts Act 1980;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-203-2-b-ii"><num>(ii)</num><content><p>section 18 of the <ref eId="c00030" href="http://www.legislation.gov.uk/id/apni/1945/15">Criminal Justice Act (Northern Ireland) 1945 (c. 15 (N.I.))</ref> and Schedule 4 to the Magistrates’ Courts (Northern Ireland) Order 1981 (<ref eId="c00031" href="http://www.legislation.gov.uk/id/nisi/1981/1675">S.I. 1981/1675 (N.I. 26)</ref>);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-203-2-b-iii"><num>(iii)</num><content><p>sections 34(2), 66(6AA) and 72D(2) of the Criminal Procedure (Scotland) Act 1995.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-203-3"><num>(3)</num><content><p>A fine imposed on the partnership on its conviction for an offence under section 199 is to be paid out of the partnership assets.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-204"><num>204</num><heading>Guidance about preventing fraud offences</heading><subsection eId="section-204-1"><num>(1)</num><content><p>The Secretary of State must issue guidance about procedures that relevant bodies can put in place to prevent persons associated with them from committing fraud offences as mentioned in section 199(1).</p></content></subsection><subsection eId="section-204-2"><num>(2)</num><content><p>The Secretary of State may from time to time revise the whole or any part of the guidance issued under this section.</p></content></subsection><subsection eId="section-204-3"><num>(3)</num><intro><p>The Secretary of State must publish—</p></intro><level class="para1" eId="section-204-3-a"><num>(a)</num><content><p>any guidance issued under this section;</p></content></level><level class="para1" eId="section-204-3-b"><num>(b)</num><content><p>any revision of that guidance.</p></content></level></subsection><subsection eId="section-204-4"><num>(4)</num><intro><p>Before issuing or revising guidance under this section the Secretary of State must consult—</p></intro><level class="para1" eId="section-204-4-a"><num>(a)</num><content><p>the Scottish Ministers, and</p></content></level><level class="para1" eId="section-204-4-b"><num>(b)</num><content><p>the Department of Justice in Northern Ireland.</p></content></level></subsection><subsection eId="section-204-5"><num>(5)</num><content><p>The requirement to consult those persons may be satisfied by consultation carried out before this section comes into force.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-204-1"><num>(1)</num><content><p>The Secretary of State must issue guidance about procedures that relevant bodies can put in place to prevent persons associated with them from committing fraud offences as mentioned in section 199(1).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-204-2"><num>(2)</num><content><p>The Secretary of State may from time to time revise the whole or any part of the guidance issued under this section.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-204-3"><num>(3)</num><intro><p>The Secretary of State must publish—</p></intro><level class="para1" eId="section-204-3-a"><num>(a)</num><content><p>any guidance issued under this section;</p></content></level><level class="para1" eId="section-204-3-b"><num>(b)</num><content><p>any revision of that guidance.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-204-3-a"><num>(a)</num><content><p>any guidance issued under this section;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-204-3-b"><num>(b)</num><content><p>any revision of that guidance.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-204-4"><num>(4)</num><intro><p>Before issuing or revising guidance under this section the Secretary of State must consult—</p></intro><level class="para1" eId="section-204-4-a"><num>(a)</num><content><p>the Scottish Ministers, and</p></content></level><level class="para1" eId="section-204-4-b"><num>(b)</num><content><p>the Department of Justice in Northern Ireland.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-204-4-a"><num>(a)</num><content><p>the Scottish Ministers, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-204-4-b"><num>(b)</num><content><p>the Department of Justice in Northern Ireland.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-204-5"><num>(5)</num><content><p>The requirement to consult those persons may be satisfied by consultation carried out before this section comes into force.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-205"><num>205</num><heading>Failure to prevent fraud: minor definitions</heading><subsection eId="section-205-1"><num>(1)</num><content><p>This section applies for the purposes of sections 199 to 204.</p></content></subsection><subsection eId="section-205-2"><num>(2)</num><content><p>References to a person “associated with” a relevant body are to be interpreted in accordance with section 199(7).</p></content></subsection><subsection eId="section-205-3"><num>(3)</num><content><p>“<term refersTo="#term-financial-year" eId="term-financial-year">Financial year</term>” has the meaning given by section 199(14).</p></content></subsection><subsection eId="section-205-4"><num>(4)</num><content><p>“<term refersTo="#term-fraud-offence" eId="term-fraud-offence">Fraud offence</term>” has the meaning given by section 199(6).</p></content></subsection><subsection eId="section-205-5"><num>(5)</num><content><p>“<term refersTo="#term-modify" eId="term-modify">Modify</term>” includes amend or repeal (and references to modifications are to be interpreted accordingly).</p></content></subsection><subsection eId="section-205-6"><num>(6)</num><content><p>“<term refersTo="#term-parent-undertaking" eId="term-parent-undertaking">Parent undertaking</term>” has the same meaning as in the Companies Acts (see section 1162 of the Companies Act 2006).</p></content></subsection><subsection eId="section-205-7"><num>(7)</num><intro><p>“<term refersTo="#term-partnership" eId="term-partnership">Partnership</term>” means—</p></intro><level class="para1" eId="section-205-7-a"><num>(a)</num><content><p>a partnership within the meaning of the Partnership Act 1890;</p></content></level><level class="para1" eId="section-205-7-b"><num>(b)</num><content><p>a limited partnership registered under the Limited Partnerships Act 1907;</p></content></level><level class="para1" eId="section-205-7-c"><num>(c)</num><content><p>a firm or other entity of a similar character to one within paragraph (a) or (b) formed under the law of a country or territory outside the United Kingdom.</p></content></level></subsection><subsection eId="section-205-8"><num>(8)</num><content><p>“<term refersTo="#term-relevant-body" eId="term-relevant-body">Relevant body</term>” has the meaning given by section 199(13).</p></content></subsection><subsection eId="section-205-9"><num>(9)</num><content><p>“<term refersTo="#term-subsidiary-undertaking" eId="term-subsidiary-undertaking">Subsidiary undertaking</term>” has the same meaning as in the Companies Acts (see section 1162 of the Companies Act 2006).</p></content></subsection><subsection eId="section-205-10"><num>(10)</num><content><p>“<term refersTo="#term-uk-company" eId="term-uk-company">UK company</term>” means a company formed and registered under the Companies Act 2006.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-205-1"><num>(1)</num><content><p>This section applies for the purposes of sections 199 to 204.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-205-2"><num>(2)</num><content><p>References to a person “associated with” a relevant body are to be interpreted in accordance with section 199(7).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-205-3"><num>(3)</num><content><p>“<term refersTo="#term-financial-year" eId="term-financial-year">Financial year</term>” has the meaning given by section 199(14).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-205-4"><num>(4)</num><content><p>“<term refersTo="#term-fraud-offence" eId="term-fraud-offence">Fraud offence</term>” has the meaning given by section 199(6).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-205-5"><num>(5)</num><content><p>“<term refersTo="#term-modify" eId="term-modify">Modify</term>” includes amend or repeal (and references to modifications are to be interpreted accordingly).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-205-6"><num>(6)</num><content><p>“<term refersTo="#term-parent-undertaking" eId="term-parent-undertaking">Parent undertaking</term>” has the same meaning as in the Companies Acts (see section 1162 of the Companies Act 2006).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-205-7"><num>(7)</num><intro><p>“<term refersTo="#term-partnership" eId="term-partnership">Partnership</term>” means—</p></intro><level class="para1" eId="section-205-7-a"><num>(a)</num><content><p>a partnership within the meaning of the Partnership Act 1890;</p></content></level><level class="para1" eId="section-205-7-b"><num>(b)</num><content><p>a limited partnership registered under the Limited Partnerships Act 1907;</p></content></level><level class="para1" eId="section-205-7-c"><num>(c)</num><content><p>a firm or other entity of a similar character to one within paragraph (a) or (b) formed under the law of a country or territory outside the United Kingdom.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-205-7-a"><num>(a)</num><content><p>a partnership within the meaning of the Partnership Act 1890;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-205-7-b"><num>(b)</num><content><p>a limited partnership registered under the Limited Partnerships Act 1907;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-205-7-c"><num>(c)</num><content><p>a firm or other entity of a similar character to one within paragraph (a) or (b) formed under the law of a country or territory outside the United Kingdom.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-205-8"><num>(8)</num><content><p>“<term refersTo="#term-relevant-body" eId="term-relevant-body">Relevant body</term>” has the meaning given by section 199(13).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-205-9"><num>(9)</num><content><p>“<term refersTo="#term-subsidiary-undertaking" eId="term-subsidiary-undertaking">Subsidiary undertaking</term>” has the same meaning as in the Companies Acts (see section 1162 of the Companies Act 2006).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-205-10"><num>(10)</num><content><p>“<term refersTo="#term-uk-company" eId="term-uk-company">UK company</term>” means a company formed and registered under the Companies Act 2006.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-206"><num>206</num><heading>Failure to prevent fraud: miscellaneous</heading><subsection eId="section-206-1"><num>(1)</num><content><p><mod>In section 61(1) of the Serious Organised Crime and Police Act 2005 (offences to which certain investigatory powers apply), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(k)</num><content><p>an offence under section 199 of the Economic Crime and Corporate Transparency Act 2023 (failure to prevent fraud offences).</p></content></level></quotedStructure></mod></p></content></subsection><subsection eId="section-206-2"><num>(2)</num><intro><p>In Schedule 1 to the Serious Crime Act 2007 (offences which are serious offences for purposes of serious crime prevention orders)—</p></intro><level class="para1" eId="section-206-2-a"><num>(a)</num><content><p><mod>in Part 1 (serious offences in England and Wales), in paragraph 7, after sub-paragraph (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2A)</num><content><p>An offence under section 199 of the Economic Crime and Corporate Transparency Act 2023 (failure to prevent fraud offences).</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-206-2-b"><num>(b)</num><content><p><mod>in Part 1A (serious offences in Scotland), in paragraph 16J, after sub-paragraph (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(1A)</num><content><p>An offence under section 199 of the Economic Crime and Corporate Transparency Act 2023 (failure to prevent fraud offences).</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-206-2-c"><num>(c)</num><content><p><mod>in Part 2 (serious offences in Northern Ireland), in paragraph 23, after sub-paragraph (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2A)</num><content><p>An offence under section 199 of the Economic Crime and Corporate Transparency Act 2023 (failure to prevent fraud offences).</p></content></subparagraph></quotedStructure></mod></p></content></level></subsection><subsection eId="section-206-3"><num>(3)</num><content><p><mod>In Part 2 of Schedule 17 to the Crime and Courts Act 2013 (offences in relation to which a deferred prosecution agreement may be entered into), after paragraph 27A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><paragraph class="schProv1"><num>27B</num><content><p>An offence under section 199 of the Economic Crime and Corporate Transparency Act 2023 (failure to prevent fraud offences).</p></content></paragraph></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-206-1"><num>(1)</num><content><p><mod>In section 61(1) of the Serious Organised Crime and Police Act 2005 (offences to which certain investigatory powers apply), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(k)</num><content><p>an offence under section 199 of the Economic Crime and Corporate Transparency Act 2023 (failure to prevent fraud offences).</p></content></level></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-206-2"><num>(2)</num><intro><p>In Schedule 1 to the Serious Crime Act 2007 (offences which are serious offences for purposes of serious crime prevention orders)—</p></intro><level class="para1" eId="section-206-2-a"><num>(a)</num><content><p><mod>in Part 1 (serious offences in England and Wales), in paragraph 7, after sub-paragraph (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2A)</num><content><p>An offence under section 199 of the Economic Crime and Corporate Transparency Act 2023 (failure to prevent fraud offences).</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-206-2-b"><num>(b)</num><content><p><mod>in Part 1A (serious offences in Scotland), in paragraph 16J, after sub-paragraph (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(1A)</num><content><p>An offence under section 199 of the Economic Crime and Corporate Transparency Act 2023 (failure to prevent fraud offences).</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-206-2-c"><num>(c)</num><content><p><mod>in Part 2 (serious offences in Northern Ireland), in paragraph 23, after sub-paragraph (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2A)</num><content><p>An offence under section 199 of the Economic Crime and Corporate Transparency Act 2023 (failure to prevent fraud offences).</p></content></subparagraph></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-206-2-a"><num>(a)</num><content><p><mod>in Part 1 (serious offences in England and Wales), in paragraph 7, after sub-paragraph (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2A)</num><content><p>An offence under section 199 of the Economic Crime and Corporate Transparency Act 2023 (failure to prevent fraud offences).</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-206-2-b"><num>(b)</num><content><p><mod>in Part 1A (serious offences in Scotland), in paragraph 16J, after sub-paragraph (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(1A)</num><content><p>An offence under section 199 of the Economic Crime and Corporate Transparency Act 2023 (failure to prevent fraud offences).</p></content></subparagraph></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-206-2-c"><num>(c)</num><content><p><mod>in Part 2 (serious offences in Northern Ireland), in paragraph 23, after sub-paragraph (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2A)</num><content><p>An offence under section 199 of the Economic Crime and Corporate Transparency Act 2023 (failure to prevent fraud offences).</p></content></subparagraph></quotedStructure></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-206-3"><num>(3)</num><content><p><mod>In Part 2 of Schedule 17 to the Crime and Courts Act 2013 (offences in relation to which a deferred prosecution agreement may be entered into), after paragraph 27A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><paragraph class="schProv1"><num>27B</num><content><p>An offence under section 199 of the Economic Crime and Corporate Transparency Act 2023 (failure to prevent fraud offences).</p></content></paragraph></quotedStructure></mod></p></content></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-regulatory-and-investigatory-powers"><heading>Regulatory and investigatory powers</heading><section eId="section-207"><num>207</num><heading>Law Society: powers to fine in cases relating to economic crime</heading><subsection eId="section-207-1"><num>(1)</num><content><p><mod>In section 44D of the Solicitors Act 1974 (disciplinary powers of Law Society), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>In a case where this subsection applies, subsection (2)(b) has effect as if the words after “<term refersTo="#term-penalty">penalty</term>” (which set a limit on the amount of the penalty a person may be directed to pay) were omitted.</p></content></subsection><subsection><num>(2B)</num><intro><p>Subsection (2A) applies where the Society takes action against a person under subsection (2)(b)—</p></intro><level class="para1"><num>(a)</num><intro><p>for failure to comply with a requirement or rule referred to in subsection (1)(a), where—</p></intro><level class="para2"><num>(i)</num><content><p>the requirement or rule applies only for purposes relating to the prevention or detection of economic crime, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the failure consisted of an act or omission which had the effect of inhibiting the prevention or detection of economic crime, or</p></content></level></level><level class="para1"><num>(b)</num><content><p>for professional misconduct as referred to in subsection (1)(b), where the misconduct consisted of an act or omission which had the effect of inhibiting the prevention or detection of economic crime.</p></content></level></subsection><subsection><num>(2C)</num><content><p>In subsection (2B) “<term refersTo="#term-economic-crime">economic crime</term>” has the meaning given by section 193(1) of the Economic Crime and Corporate Transparency Act 2023.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-207-2"><num>(2)</num><content><p><mod>In paragraph 14B of Schedule 2 to the Administration of Justice Act 1985 (disciplinary powers of Law Society), after sub-paragraph (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2A)</num><content><p>In a case where this sub-paragraph applies, sub-paragraph (2)(b) has effect as if the words after “<term refersTo="#term-penalty">penalty</term>” (which set a limit on the amount of the penalty a person may be directed to pay) were omitted.</p></content></subparagraph><subparagraph><num>(2B)</num><intro><p>Sub-paragraph (2A) applies where the Society takes action against a person under sub-paragraph (2)(b) for failure to comply with a requirement or rule referred to in sub-paragraph (1) where—</p></intro><level class="para1"><num>(a)</num><content><p>the requirement or rule applies only for purposes relating to the prevention or detection of economic crime, or</p></content></level><level class="para1"><num>(b)</num><content><p>the failure consisted of an act or omission which had the effect of inhibiting the prevention or detection of economic crime.</p></content></level></subparagraph><subparagraph><num>(2C)</num><content><p>In sub-paragraph (2B) “<term refersTo="#term-economic-crime">economic crime</term>” has the meaning given by section 193(1) of the Economic Crime and Corporate Transparency Act 2023.</p></content></subparagraph></quotedStructure></mod></p></content></subsection><subsection eId="section-207-3"><num>(3)</num><content><p>The amendments made by this section do not apply in relation to any act or omission occurring before the day on which this section comes into force.</p></content></subsection></section><section eId="section-208"><num>208</num><heading>Scottish Solicitors’ Discipline Tribunal: powers to fine in cases relating to economic crime</heading><subsection eId="section-208-1"><num>(1)</num><content><p>Section 53 of the Solicitors (Scotland) Act 1980 (powers of tribunal) is amended as follows.</p></content></subsection><subsection eId="section-208-2"><num>(2)</num><intro><p>In subsection (1)—</p></intro><level class="para1" eId="section-208-2-a"><num>(a)</num><intro><p>in paragraph (b)—</p></intro><level class="para2" eId="section-208-2-a-i"><num>(i)</num><content><p><mod>after “dishonesty” insert <quotedText>“(other than a conviction for an economic crime offence)”</quotedText>;</mod></p></content></level><level class="para2" eId="section-208-2-a-ii"><num>(ii)</num><content><p><mod>after “or has” insert <quotedText>“(other than in relation to a conviction for an economic crime offence)”</quotedText>;</mod></p></content></level></level><level class="para1" eId="section-208-2-b"><num>(b)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>a solicitor has (whether before or after enrolment as a solicitor) been convicted by any court of an economic crime offence, or</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-208-2-c"><num>(c)</num><content><p><mod>in paragraph (c), after “offence” insert <quotedText>“(other than a conviction for an economic crime offence)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-208-2-d"><num>(d)</num><content><p><mod>after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ca)</num><content><p>an incorporated practice has been convicted by any court of an economic crime offence, which conviction the Tribunal is satisfied renders it unsuitable to continue to be recognised under section 34(1A), or</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subsection><subsection eId="section-208-3"><num>(3)</num><content><p><mod>In subsection (2), after paragraph (c), insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ca)</num><content><p>where the Tribunal is proceeding on the ground in subsection (1)(ba) or (1)(ca), or where subsection (2A) or (2B) applies, impose on the solicitor or, as the case may be, the incorporated practice, a fine of any amount.</p></content></level></quotedStructure></mod></p></content></subsection><subsection eId="section-208-4"><num>(4)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>This subsection applies where the Tribunal is proceeding on the ground referred to in subsection (1)(a) and —</p></intro><level class="para1"><num>(a)</num><content><p>the solicitor has, in relation to the subject matter of the Tribunal’s inquiry, been convicted by any court of an economic crime offence, or</p></content></level><level class="para1"><num>(b)</num><content><p>the misconduct referred to in subsection (1)(a) consisted of an act or omission which had the effect of inhibiting the prevention or detection of an economic crime offence.</p></content></level></subsection><subsection><num>(2B)</num><intro><p>This subsection applies where the Tribunal is proceeding on the ground referred to in subsection (1)(d) and the incorporated practice has —</p></intro><level class="para1"><num>(a)</num><content><p>in relation to the subject matter of the Tribunal’s inquiry, been convicted by any court of an economic crime offence, or</p></content></level><level class="para1"><num>(b)</num><intro><p>failed to comply with a provision or rule as referred to in subsection (1)(d) and—</p></intro><level class="para2"><num>(i)</num><content><p>the failure consisted of an act or omission which had the effect of inhibiting the prevention or detection of an economic crime offence, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the provision or rule applies only for purposes relating to the prevention or detection of an economic crime offence.</p></content></level></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-208-5"><num>(5)</num><intro><p>In subsection (3ZA)—</p></intro><level class="para1" eId="section-208-5-a"><num>(a)</num><content><p><mod>in paragraph (a), after “dishonesty” insert <quotedText>“(not being an economic crime offence)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-208-5-b"><num>(b)</num><content><p><mod>in paragraph (b), at the end insert <quotedText>“, (1)(ba) or (1)(ca)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-208-5-c"><num>(c)</num><content><p><mod>after paragraph (b), insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>where subsection (2A) or (3A) applies.</p></content></level></quotedStructure></mod></p></content></level></subsection><subsection eId="section-208-6"><num>(6)</num><intro><p>In subsection (3A)—</p></intro><level class="para1" eId="section-208-6-a"><num>(a)</num><content><p><mod>in paragraph (a), for “(1)(a) or (b)” substitute <quotedText>“(1)(a), (b) or (ba)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-208-6-b"><num>(b)</num><content><p><mod>in paragraph (b), for “(1)(c) or (d)” substitute <quotedText>“(1)(c), (ca) or (d)”</quotedText>.</mod></p></content></level></subsection><subsection eId="section-208-7"><num>(7)</num><content><p><mod>After subsection (9) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(9A)</num><content><p>In this section, an economic crime offence means an economic crime within the meaning given by section 193<ref href="#section-193-1">(1)</ref> of the Economic Crime and Corporate Transparency Act 2023.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-208-8"><num>(8)</num><content><p>The amendments made by this section do not apply in relation to any act or omission occurring before the day on which this section comes into force.</p></content></subsection></section><section eId="section-209"><num>209</num><heading>Regulators of legal services: objective relating to economic crime</heading><subsection eId="section-209-1"><num>(1)</num><content><p>Section 1 of the Legal Services Act 2007 (regulatory objectives) is amended as follows.</p></content></subsection><subsection eId="section-209-2"><num>(2)</num><content><p><mod>In subsection (1), after paragraph (h) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(i)</num><content><p>promoting the prevention and detection of economic crime.</p></content></level></quotedStructure></mod></p></content></subsection><subsection eId="section-209-3"><num>(3)</num><content><p><mod>After subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><content><p>In subsection (1)(i) “<term refersTo="#term-economic-crime">economic crime</term>” has the meaning given by section 193(1) of the Economic Crime and Corporate Transparency Act 2023</p></content></subsection></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-210"><num>210</num><heading>Approved regulators: information powers relating to economic crime</heading><subsection eId="section-210-1"><num>(1)</num><content><p>The Legal Services Act 2007 is amended as follows.</p></content></subsection><subsection eId="section-210-2"><num>(2)</num><content><p><mod>After section 111 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><part><num>PART 5A</num><heading>Approved regulators: information powers</heading><hcontainer name="crossheading" ukl:Name="Pblock"><heading>The Law Society’s information powers relating to economic crime</heading><section eId="d28e30882"><num>111A</num><heading>The Law Society’s information powers relating to economic crime</heading><subsection eId="d28e30886"><num>(1)</num><intro><p>The Law Society may, by notice, require a person falling within subsection <ref href="#d28e30916">(3)</ref> to—</p></intro><level class="para1"><num>(a)</num><content><p>provide information, or information of a description, specified in the notice;</p></content></level><level class="para1"><num>(b)</num><content><p>produce documents, or documents of a description, specified in the notice.</p></content></level></subsection><subsection><num>(2)</num><content><p>The Law Society may only exercise the power in subsection <ref href="#d28e30886">(1)</ref> in relation to information or documents which the Law Society considers it necessary or expedient to have for the purposes of, or in connection with, the performance of its regulatory functions for purposes relating to the prevention or detection of economic crime.</p></content></subsection><subsection eId="d28e30916"><num>(3)</num><intro><p>The persons are—</p></intro><level class="para1" eId="d28e30922"><num>(a)</num><content><p>a solicitor;</p></content></level><level class="para1"><num>(b)</num><content><p>an employee of a solicitor;</p></content></level><level class="para1" eId="d28e30934"><num>(c)</num><content><p>a body recognised under section 9 of the Administration of Justice Act 1985;</p></content></level><level class="para1"><num>(d)</num><content><p>an employee or manager of, or person with an interest in, such a body;</p></content></level><level class="para1" eId="d28e30946"><num>(e)</num><content><p>a licensed body;</p></content></level><level class="para1"><num>(f)</num><content><p>a manager or employee of a licensed body;</p></content></level><level class="para1" eId="d28e30958"><num>(g)</num><content><p>a non-authorised person who has an interest or an indirect interest, or holds a material interest (within the meaning of Part 5 of this Act), in a licensed body;</p></content></level><level class="para1"><num>(h)</num><content><p>a person who was, but is no longer, of a description mentioned within any of paragraphs <ref href="#d28e30922">(a)</ref> to <ref href="#d28e30958">(g)</ref>.</p></content></level></subsection><subsection eId="d28e30976"><num>(4)</num><intro><p>A notice under subsection <ref href="#d28e30886">(1)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>may specify the manner and form in which the information is to be provided or document produced;</p></content></level><level class="para1"><num>(b)</num><content><p>must specify the period within which the information is to be provided or document produced;</p></content></level><level class="para1" eId="d28e30997"><num>(c)</num><content><p>may require the information to be provided, or document to be produced, to the Law Society or to a person specified in the notice.</p></content></level></subsection><subsection eId="d28e31003"><num>(5)</num><content><p>The Law Society may pay to any person such reasonable costs as may be incurred by that person in connection with the provision of any information, or production of any document, by that person pursuant to a notice under subsection <ref href="#d28e30886">(1)</ref>.</p></content></subsection><subsection><num>(6)</num><content><p>The Law Society, or a person specified under subsection <ref href="#d28e30997">(4)(c)</ref> in a notice, may take copies of or extracts from a document produced pursuant to a notice under subsection <ref href="#d28e30886">(1)</ref>.</p></content></subsection><subsection eId="d28e31024"><num>(7)</num><content><p>In this section “<term refersTo="#term-economic-crime">economic crime</term>” has the meaning given by section 193(1) of the Economic Crime and Corporate Transparency Act 2023.</p></content></subsection></section><section><num>111B</num><heading>Enforcement of information powers relating to economic crime</heading><subsection eId="d28e31040"><num>(1)</num><content><p>If a person refuses or otherwise fails to comply with a notice under section <ref href="#d28e30882">111A</ref><ref href="#d28e30886">(1)</ref>, the Law Society may apply to the High Court for an order requiring the person to comply with the notice or with such directions for the like purpose as may be contained in the order.</p></content></subsection><subsection eId="d28e31051"><num>(2)</num><content><p>On an application under subsection <ref href="#d28e31040">(1)</ref>, the High Court may order a person other than the person to whom the notice was given to provide information or produce documents specified in the notice, if the High Court is satisfied that there is reason to suspect that the information or documents have come into the possession or custody or under the control of that other person.</p></content></subsection><subsection><num>(3)</num><content><p>Section <ref href="#d28e30882">111A</ref><ref href="#d28e30976">(4)</ref> applies in relation to an order under subsection <ref href="#d28e31051">(2)</ref> as it applies in relation to a notice under section <ref href="#d28e30882">111A</ref><ref href="#d28e30886">(1)</ref>.</p></content></subsection><subsection><num>(4)</num><content><p>An order under this section may direct the Law Society to pay such reasonable costs as may be incurred by a person in connection with the provision of any information, or production of any document, by that person pursuant to the order.</p></content></subsection><subsection><num>(5)</num><content><p>A person may take copies of or extracts from a document produced to them pursuant to an order under this section.</p></content></subsection></section><section eId="d28e31094"><num>111C</num><heading>Provision of information relating to economic crime by other persons</heading><subsection><num>(1)</num><intro><p>The Law Society may apply to the High Court for an order requiring a person who does not fall within section <ref href="#d28e30882">111A</ref><ref href="#d28e30916">(3)</ref> to—</p></intro><level class="para1"><num>(a)</num><content><p>provide information, or information of a description, specified in the order, or</p></content></level><level class="para1"><num>(b)</num><content><p>produce documents, or documents of a description, specified in the order.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The High Court may make an order under this section only if it is satisfied—</p></intro><level class="para1"><num>(a)</num><content><p>that it is likely that the information or document is in the possession or custody of, or under the control of, the person, and</p></content></level><level class="para1"><num>(b)</num><content><p>that it is necessary or expedient for the Law Society to have the information or document for the purposes of, or in connection with, the performance of its regulatory functions for purposes relating to the prevention or detection of economic crime.</p></content></level></subsection><subsection><num>(3)</num><content><p>Section <ref href="#d28e30882">111A</ref><ref href="#d28e30976">(4)</ref> applies in relation to an order under this section as it applies in relation to a notice under section <ref href="#d28e30882">111A</ref><ref href="#d28e30886">(1)</ref>.</p></content></subsection><subsection><num>(4)</num><content><p>An order under this section may direct the Law Society to pay such reasonable costs as may be incurred by a person in connection with the provision of any information, or production of any document, by that person pursuant to the order.</p></content></subsection><subsection><num>(5)</num><content><p>A person may take copies of or extracts from a document produced to them pursuant to an order under this section.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-economic-crime">economic crime</term>” has the meaning given by section 193(1) of the Economic Crime and Corporate Transparency Act 2023.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Other approved regulators: information powers relating to economic crime</heading><section eId="d28e31182"><num>111D</num><heading>Order to confer information powers on other approved regulators</heading><subsection><num>(1)</num><intro><p>The Lord Chancellor may by order amend this Part so as to—</p></intro><level class="para1"><num>(a)</num><content><p>provide for sections <ref href="#d28e30882">111A</ref> to <ref href="#d28e31094">111C</ref> to apply in relation to an approved regulator other than the Law Society as they apply in relation to the Law Society, and</p></content></level><level class="para1"><num>(b)</num><content><p>specify the persons to whom notices under section <ref href="#d28e30882">111A</ref><ref href="#d28e30886">(1)</ref> may be given by that approved regulator.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The Lord Chancellor may make an order under this section in relation to an approved regulator only if—</p></intro><level class="para1"><num>(a)</num><content><p>the Board has made a recommendation in accordance with section 111E in relation to that approved regulator, and</p></content></level><level class="para1"><num>(b)</num><content><p>the persons specified in the order to whom notices under section 111A(1) may be given by that approved regulator are the same as those persons specified in the recommendation.</p></content></level></subsection></section><section><num>111E</num><heading>The Board’s power to recommend orders under section 111D</heading><subsection><num>(1)</num><content><p>The Board may recommend to the Lord Chancellor that the Lord Chancellor make an order under section <ref href="#d28e31182">111D</ref> in relation to an approved regulator.</p></content></subsection><subsection><num>(2)</num><content><p>A recommendation must specify the persons to whom the approved regulator should be able to give notices under section <ref href="#d28e30882">111A</ref><ref href="#d28e30886">(1)</ref>.</p></content></subsection><subsection><num>(3)</num><content><p>A recommendation may only be made with the consent of the approved regulator.</p></content></subsection><subsection><num>(4)</num><content><p>Before making a recommendation under this section, the Board must publish a draft of the proposed recommendation.</p></content></subsection><subsection><num>(5)</num><content><p>The draft must be accompanied by a notice which states that representations about the proposed recommendation may be made to the Board within a specified period.</p></content></subsection><subsection><num>(6)</num><content><p>Before making the recommendation, the Board must have regard to any representations duly made.</p></content></subsection></section></hcontainer></part></quotedStructure></mod></p></content></subsection><subsection eId="section-210-3"><num>(3)</num><content><p><mod>In section 206 (parliamentary control of orders and regulations), in subsection (4), after paragraph (n) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(na)</num><content><p>section 111D (order to confer information powers on other approved regulators);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section><section eId="section-211"><num>211</num><heading>Serious Fraud Office: pre-investigation powers</heading><subsection eId="section-211-1"><num>(1)</num><intro><p>In section 2A of the Criminal Justice Act 1987 (Director’s pre-investigation powers in relation to bribery and corruption: foreign officers etc), omit the following—</p></intro><level class="para1" eId="section-211-1-a"><num>(a)</num><content><p>in the heading, the words from “in relation to” to the end;</p></content></level><level class="para1" eId="section-211-1-b"><num>(b)</num><content><p>in subsection (1), the words from “in a case” to the end;</p></content></level><level class="para1" eId="section-211-1-c"><num>(c)</num><content><p>subsection (5).</p></content></level></subsection><subsection eId="section-211-2"><num>(2)</num><content><p>In Schedule 1 to the Bribery Act 2010 (consequential amendments), omit paragraph 2 and the preceding italic heading.</p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-207"><num>207</num><heading>Law Society: powers to fine in cases relating to economic crime</heading><subsection eId="section-207-1"><num>(1)</num><content><p><mod>In section 44D of the Solicitors Act 1974 (disciplinary powers of Law Society), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>In a case where this subsection applies, subsection (2)(b) has effect as if the words after “<term refersTo="#term-penalty">penalty</term>” (which set a limit on the amount of the penalty a person may be directed to pay) were omitted.</p></content></subsection><subsection><num>(2B)</num><intro><p>Subsection (2A) applies where the Society takes action against a person under subsection (2)(b)—</p></intro><level class="para1"><num>(a)</num><intro><p>for failure to comply with a requirement or rule referred to in subsection (1)(a), where—</p></intro><level class="para2"><num>(i)</num><content><p>the requirement or rule applies only for purposes relating to the prevention or detection of economic crime, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the failure consisted of an act or omission which had the effect of inhibiting the prevention or detection of economic crime, or</p></content></level></level><level class="para1"><num>(b)</num><content><p>for professional misconduct as referred to in subsection (1)(b), where the misconduct consisted of an act or omission which had the effect of inhibiting the prevention or detection of economic crime.</p></content></level></subsection><subsection><num>(2C)</num><content><p>In subsection (2B) “<term refersTo="#term-economic-crime">economic crime</term>” has the meaning given by section 193(1) of the Economic Crime and Corporate Transparency Act 2023.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-207-2"><num>(2)</num><content><p><mod>In paragraph 14B of Schedule 2 to the Administration of Justice Act 1985 (disciplinary powers of Law Society), after sub-paragraph (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2A)</num><content><p>In a case where this sub-paragraph applies, sub-paragraph (2)(b) has effect as if the words after “<term refersTo="#term-penalty">penalty</term>” (which set a limit on the amount of the penalty a person may be directed to pay) were omitted.</p></content></subparagraph><subparagraph><num>(2B)</num><intro><p>Sub-paragraph (2A) applies where the Society takes action against a person under sub-paragraph (2)(b) for failure to comply with a requirement or rule referred to in sub-paragraph (1) where—</p></intro><level class="para1"><num>(a)</num><content><p>the requirement or rule applies only for purposes relating to the prevention or detection of economic crime, or</p></content></level><level class="para1"><num>(b)</num><content><p>the failure consisted of an act or omission which had the effect of inhibiting the prevention or detection of economic crime.</p></content></level></subparagraph><subparagraph><num>(2C)</num><content><p>In sub-paragraph (2B) “<term refersTo="#term-economic-crime">economic crime</term>” has the meaning given by section 193(1) of the Economic Crime and Corporate Transparency Act 2023.</p></content></subparagraph></quotedStructure></mod></p></content></subsection><subsection eId="section-207-3"><num>(3)</num><content><p>The amendments made by this section do not apply in relation to any act or omission occurring before the day on which this section comes into force.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-207-1"><num>(1)</num><content><p><mod>In section 44D of the Solicitors Act 1974 (disciplinary powers of Law Society), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><content><p>In a case where this subsection applies, subsection (2)(b) has effect as if the words after “<term refersTo="#term-penalty">penalty</term>” (which set a limit on the amount of the penalty a person may be directed to pay) were omitted.</p></content></subsection><subsection><num>(2B)</num><intro><p>Subsection (2A) applies where the Society takes action against a person under subsection (2)(b)—</p></intro><level class="para1"><num>(a)</num><intro><p>for failure to comply with a requirement or rule referred to in subsection (1)(a), where—</p></intro><level class="para2"><num>(i)</num><content><p>the requirement or rule applies only for purposes relating to the prevention or detection of economic crime, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the failure consisted of an act or omission which had the effect of inhibiting the prevention or detection of economic crime, or</p></content></level></level><level class="para1"><num>(b)</num><content><p>for professional misconduct as referred to in subsection (1)(b), where the misconduct consisted of an act or omission which had the effect of inhibiting the prevention or detection of economic crime.</p></content></level></subsection><subsection><num>(2C)</num><content><p>In subsection (2B) “<term refersTo="#term-economic-crime">economic crime</term>” has the meaning given by section 193(1) of the Economic Crime and Corporate Transparency Act 2023.</p></content></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-207-2"><num>(2)</num><content><p><mod>In paragraph 14B of Schedule 2 to the Administration of Justice Act 1985 (disciplinary powers of Law Society), after sub-paragraph (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(2A)</num><content><p>In a case where this sub-paragraph applies, sub-paragraph (2)(b) has effect as if the words after “<term refersTo="#term-penalty">penalty</term>” (which set a limit on the amount of the penalty a person may be directed to pay) were omitted.</p></content></subparagraph><subparagraph><num>(2B)</num><intro><p>Sub-paragraph (2A) applies where the Society takes action against a person under sub-paragraph (2)(b) for failure to comply with a requirement or rule referred to in sub-paragraph (1) where—</p></intro><level class="para1"><num>(a)</num><content><p>the requirement or rule applies only for purposes relating to the prevention or detection of economic crime, or</p></content></level><level class="para1"><num>(b)</num><content><p>the failure consisted of an act or omission which had the effect of inhibiting the prevention or detection of economic crime.</p></content></level></subparagraph><subparagraph><num>(2C)</num><content><p>In sub-paragraph (2B) “<term refersTo="#term-economic-crime">economic crime</term>” has the meaning given by section 193(1) of the Economic Crime and Corporate Transparency Act 2023.</p></content></subparagraph></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-207-3"><num>(3)</num><content><p>The amendments made by this section do not apply in relation to any act or omission occurring before the day on which this section comes into force.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-208"><num>208</num><heading>Scottish Solicitors’ Discipline Tribunal: powers to fine in cases relating to economic crime</heading><subsection eId="section-208-1"><num>(1)</num><content><p>Section 53 of the Solicitors (Scotland) Act 1980 (powers of tribunal) is amended as follows.</p></content></subsection><subsection eId="section-208-2"><num>(2)</num><intro><p>In subsection (1)—</p></intro><level class="para1" eId="section-208-2-a"><num>(a)</num><intro><p>in paragraph (b)—</p></intro><level class="para2" eId="section-208-2-a-i"><num>(i)</num><content><p><mod>after “dishonesty” insert <quotedText>“(other than a conviction for an economic crime offence)”</quotedText>;</mod></p></content></level><level class="para2" eId="section-208-2-a-ii"><num>(ii)</num><content><p><mod>after “or has” insert <quotedText>“(other than in relation to a conviction for an economic crime offence)”</quotedText>;</mod></p></content></level></level><level class="para1" eId="section-208-2-b"><num>(b)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>a solicitor has (whether before or after enrolment as a solicitor) been convicted by any court of an economic crime offence, or</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-208-2-c"><num>(c)</num><content><p><mod>in paragraph (c), after “offence” insert <quotedText>“(other than a conviction for an economic crime offence)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-208-2-d"><num>(d)</num><content><p><mod>after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ca)</num><content><p>an incorporated practice has been convicted by any court of an economic crime offence, which conviction the Tribunal is satisfied renders it unsuitable to continue to be recognised under section 34(1A), or</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subsection><subsection eId="section-208-3"><num>(3)</num><content><p><mod>In subsection (2), after paragraph (c), insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ca)</num><content><p>where the Tribunal is proceeding on the ground in subsection (1)(ba) or (1)(ca), or where subsection (2A) or (2B) applies, impose on the solicitor or, as the case may be, the incorporated practice, a fine of any amount.</p></content></level></quotedStructure></mod></p></content></subsection><subsection eId="section-208-4"><num>(4)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>This subsection applies where the Tribunal is proceeding on the ground referred to in subsection (1)(a) and —</p></intro><level class="para1"><num>(a)</num><content><p>the solicitor has, in relation to the subject matter of the Tribunal’s inquiry, been convicted by any court of an economic crime offence, or</p></content></level><level class="para1"><num>(b)</num><content><p>the misconduct referred to in subsection (1)(a) consisted of an act or omission which had the effect of inhibiting the prevention or detection of an economic crime offence.</p></content></level></subsection><subsection><num>(2B)</num><intro><p>This subsection applies where the Tribunal is proceeding on the ground referred to in subsection (1)(d) and the incorporated practice has —</p></intro><level class="para1"><num>(a)</num><content><p>in relation to the subject matter of the Tribunal’s inquiry, been convicted by any court of an economic crime offence, or</p></content></level><level class="para1"><num>(b)</num><intro><p>failed to comply with a provision or rule as referred to in subsection (1)(d) and—</p></intro><level class="para2"><num>(i)</num><content><p>the failure consisted of an act or omission which had the effect of inhibiting the prevention or detection of an economic crime offence, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the provision or rule applies only for purposes relating to the prevention or detection of an economic crime offence.</p></content></level></level></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-208-5"><num>(5)</num><intro><p>In subsection (3ZA)—</p></intro><level class="para1" eId="section-208-5-a"><num>(a)</num><content><p><mod>in paragraph (a), after “dishonesty” insert <quotedText>“(not being an economic crime offence)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-208-5-b"><num>(b)</num><content><p><mod>in paragraph (b), at the end insert <quotedText>“, (1)(ba) or (1)(ca)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-208-5-c"><num>(c)</num><content><p><mod>after paragraph (b), insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>where subsection (2A) or (3A) applies.</p></content></level></quotedStructure></mod></p></content></level></subsection><subsection eId="section-208-6"><num>(6)</num><intro><p>In subsection (3A)—</p></intro><level class="para1" eId="section-208-6-a"><num>(a)</num><content><p><mod>in paragraph (a), for “(1)(a) or (b)” substitute <quotedText>“(1)(a), (b) or (ba)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-208-6-b"><num>(b)</num><content><p><mod>in paragraph (b), for “(1)(c) or (d)” substitute <quotedText>“(1)(c), (ca) or (d)”</quotedText>.</mod></p></content></level></subsection><subsection eId="section-208-7"><num>(7)</num><content><p><mod>After subsection (9) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(9A)</num><content><p>In this section, an economic crime offence means an economic crime within the meaning given by section 193<ref href="#section-193-1">(1)</ref> of the Economic Crime and Corporate Transparency Act 2023.</p></content></subsection></quotedStructure></mod></p></content></subsection><subsection eId="section-208-8"><num>(8)</num><content><p>The amendments made by this section do not apply in relation to any act or omission occurring before the day on which this section comes into force.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-208-1"><num>(1)</num><content><p>Section 53 of the Solicitors (Scotland) Act 1980 (powers of tribunal) is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-208-2"><num>(2)</num><intro><p>In subsection (1)—</p></intro><level class="para1" eId="section-208-2-a"><num>(a)</num><intro><p>in paragraph (b)—</p></intro><level class="para2" eId="section-208-2-a-i"><num>(i)</num><content><p><mod>after “dishonesty” insert <quotedText>“(other than a conviction for an economic crime offence)”</quotedText>;</mod></p></content></level><level class="para2" eId="section-208-2-a-ii"><num>(ii)</num><content><p><mod>after “or has” insert <quotedText>“(other than in relation to a conviction for an economic crime offence)”</quotedText>;</mod></p></content></level></level><level class="para1" eId="section-208-2-b"><num>(b)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>a solicitor has (whether before or after enrolment as a solicitor) been convicted by any court of an economic crime offence, or</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="section-208-2-c"><num>(c)</num><content><p><mod>in paragraph (c), after “offence” insert <quotedText>“(other than a conviction for an economic crime offence)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-208-2-d"><num>(d)</num><content><p><mod>after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ca)</num><content><p>an incorporated practice has been convicted by any court of an economic crime offence, which conviction the Tribunal is satisfied renders it unsuitable to continue to be recognised under section 34(1A), or</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-208-2-a"><num>(a)</num><intro><p>in paragraph (b)—</p></intro><level class="para2" eId="section-208-2-a-i"><num>(i)</num><content><p><mod>after “dishonesty” insert <quotedText>“(other than a conviction for an economic crime offence)”</quotedText>;</mod></p></content></level><level class="para2" eId="section-208-2-a-ii"><num>(ii)</num><content><p><mod>after “or has” insert <quotedText>“(other than in relation to a conviction for an economic crime offence)”</quotedText>;</mod></p></content></level></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-208-2-a-i"><num>(i)</num><content><p><mod>after “dishonesty” insert <quotedText>“(other than a conviction for an economic crime offence)”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-208-2-a-ii"><num>(ii)</num><content><p><mod>after “or has” insert <quotedText>“(other than in relation to a conviction for an economic crime offence)”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-208-2-b"><num>(b)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>a solicitor has (whether before or after enrolment as a solicitor) been convicted by any court of an economic crime offence, or</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-208-2-c"><num>(c)</num><content><p><mod>in paragraph (c), after “offence” insert <quotedText>“(other than a conviction for an economic crime offence)”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-208-2-d"><num>(d)</num><content><p><mod>after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ca)</num><content><p>an incorporated practice has been convicted by any court of an economic crime offence, which conviction the Tribunal is satisfied renders it unsuitable to continue to be recognised under section 34(1A), or</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-208-3"><num>(3)</num><content><p><mod>In subsection (2), after paragraph (c), insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ca)</num><content><p>where the Tribunal is proceeding on the ground in subsection (1)(ba) or (1)(ca), or where subsection (2A) or (2B) applies, impose on the solicitor or, as the case may be, the incorporated practice, a fine of any amount.</p></content></level></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-208-4"><num>(4)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>This subsection applies where the Tribunal is proceeding on the ground referred to in subsection (1)(a) and —</p></intro><level class="para1"><num>(a)</num><content><p>the solicitor has, in relation to the subject matter of the Tribunal’s inquiry, been convicted by any court of an economic crime offence, or</p></content></level><level class="para1"><num>(b)</num><content><p>the misconduct referred to in subsection (1)(a) consisted of an act or omission which had the effect of inhibiting the prevention or detection of an economic crime offence.</p></content></level></subsection><subsection><num>(2B)</num><intro><p>This subsection applies where the Tribunal is proceeding on the ground referred to in subsection (1)(d) and the incorporated practice has —</p></intro><level class="para1"><num>(a)</num><content><p>in relation to the subject matter of the Tribunal’s inquiry, been convicted by any court of an economic crime offence, or</p></content></level><level class="para1"><num>(b)</num><intro><p>failed to comply with a provision or rule as referred to in subsection (1)(d) and—</p></intro><level class="para2"><num>(i)</num><content><p>the failure consisted of an act or omission which had the effect of inhibiting the prevention or detection of an economic crime offence, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the provision or rule applies only for purposes relating to the prevention or detection of an economic crime offence.</p></content></level></level></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-208-5"><num>(5)</num><intro><p>In subsection (3ZA)—</p></intro><level class="para1" eId="section-208-5-a"><num>(a)</num><content><p><mod>in paragraph (a), after “dishonesty” insert <quotedText>“(not being an economic crime offence)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-208-5-b"><num>(b)</num><content><p><mod>in paragraph (b), at the end insert <quotedText>“, (1)(ba) or (1)(ca)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-208-5-c"><num>(c)</num><content><p><mod>after paragraph (b), insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>where subsection (2A) or (3A) applies.</p></content></level></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-208-5-a"><num>(a)</num><content><p><mod>in paragraph (a), after “dishonesty” insert <quotedText>“(not being an economic crime offence)”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-208-5-b"><num>(b)</num><content><p><mod>in paragraph (b), at the end insert <quotedText>“, (1)(ba) or (1)(ca)”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-208-5-c"><num>(c)</num><content><p><mod>after paragraph (b), insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>where subsection (2A) or (3A) applies.</p></content></level></quotedStructure></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-208-6"><num>(6)</num><intro><p>In subsection (3A)—</p></intro><level class="para1" eId="section-208-6-a"><num>(a)</num><content><p><mod>in paragraph (a), for “(1)(a) or (b)” substitute <quotedText>“(1)(a), (b) or (ba)”</quotedText>;</mod></p></content></level><level class="para1" eId="section-208-6-b"><num>(b)</num><content><p><mod>in paragraph (b), for “(1)(c) or (d)” substitute <quotedText>“(1)(c), (ca) or (d)”</quotedText>.</mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-208-6-a"><num>(a)</num><content><p><mod>in paragraph (a), for “(1)(a) or (b)” substitute <quotedText>“(1)(a), (b) or (ba)”</quotedText>;</mod></p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-208-6-b"><num>(b)</num><content><p><mod>in paragraph (b), for “(1)(c) or (d)” substitute <quotedText>“(1)(c), (ca) or (d)”</quotedText>.</mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-208-7"><num>(7)</num><content><p><mod>After subsection (9) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(9A)</num><content><p>In this section, an economic crime offence means an economic crime within the meaning given by section 193<ref href="#section-193-1">(1)</ref> of the Economic Crime and Corporate Transparency Act 2023.</p></content></subsection></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-208-8"><num>(8)</num><content><p>The amendments made by this section do not apply in relation to any act or omission occurring before the day on which this section comes into force.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-209"><num>209</num><heading>Regulators of legal services: objective relating to economic crime</heading><subsection eId="section-209-1"><num>(1)</num><content><p>Section 1 of the Legal Services Act 2007 (regulatory objectives) is amended as follows.</p></content></subsection><subsection eId="section-209-2"><num>(2)</num><content><p><mod>In subsection (1), after paragraph (h) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(i)</num><content><p>promoting the prevention and detection of economic crime.</p></content></level></quotedStructure></mod></p></content></subsection><subsection eId="section-209-3"><num>(3)</num><content><p><mod>After subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><content><p>In subsection (1)(i) “<term refersTo="#term-economic-crime">economic crime</term>” has the meaning given by section 193(1) of the Economic Crime and Corporate Transparency Act 2023</p></content></subsection></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-209-1"><num>(1)</num><content><p>Section 1 of the Legal Services Act 2007 (regulatory objectives) is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-209-2"><num>(2)</num><content><p><mod>In subsection (1), after paragraph (h) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(i)</num><content><p>promoting the prevention and detection of economic crime.</p></content></level></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-209-3"><num>(3)</num><content><p><mod>After subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><content><p>In subsection (1)(i) “<term refersTo="#term-economic-crime">economic crime</term>” has the meaning given by section 193(1) of the Economic Crime and Corporate Transparency Act 2023</p></content></subsection></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-210"><num>210</num><heading>Approved regulators: information powers relating to economic crime</heading><subsection eId="section-210-1"><num>(1)</num><content><p>The Legal Services Act 2007 is amended as follows.</p></content></subsection><subsection eId="section-210-2"><num>(2)</num><content><p><mod>After section 111 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><part><num>PART 5A</num><heading>Approved regulators: information powers</heading><hcontainer name="crossheading" ukl:Name="Pblock"><heading>The Law Society’s information powers relating to economic crime</heading><section eId="d28e30882"><num>111A</num><heading>The Law Society’s information powers relating to economic crime</heading><subsection eId="d28e30886"><num>(1)</num><intro><p>The Law Society may, by notice, require a person falling within subsection <ref href="#d28e30916">(3)</ref> to—</p></intro><level class="para1"><num>(a)</num><content><p>provide information, or information of a description, specified in the notice;</p></content></level><level class="para1"><num>(b)</num><content><p>produce documents, or documents of a description, specified in the notice.</p></content></level></subsection><subsection><num>(2)</num><content><p>The Law Society may only exercise the power in subsection <ref href="#d28e30886">(1)</ref> in relation to information or documents which the Law Society considers it necessary or expedient to have for the purposes of, or in connection with, the performance of its regulatory functions for purposes relating to the prevention or detection of economic crime.</p></content></subsection><subsection eId="d28e30916"><num>(3)</num><intro><p>The persons are—</p></intro><level class="para1" eId="d28e30922"><num>(a)</num><content><p>a solicitor;</p></content></level><level class="para1"><num>(b)</num><content><p>an employee of a solicitor;</p></content></level><level class="para1" eId="d28e30934"><num>(c)</num><content><p>a body recognised under section 9 of the Administration of Justice Act 1985;</p></content></level><level class="para1"><num>(d)</num><content><p>an employee or manager of, or person with an interest in, such a body;</p></content></level><level class="para1" eId="d28e30946"><num>(e)</num><content><p>a licensed body;</p></content></level><level class="para1"><num>(f)</num><content><p>a manager or employee of a licensed body;</p></content></level><level class="para1" eId="d28e30958"><num>(g)</num><content><p>a non-authorised person who has an interest or an indirect interest, or holds a material interest (within the meaning of Part 5 of this Act), in a licensed body;</p></content></level><level class="para1"><num>(h)</num><content><p>a person who was, but is no longer, of a description mentioned within any of paragraphs <ref href="#d28e30922">(a)</ref> to <ref href="#d28e30958">(g)</ref>.</p></content></level></subsection><subsection eId="d28e30976"><num>(4)</num><intro><p>A notice under subsection <ref href="#d28e30886">(1)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>may specify the manner and form in which the information is to be provided or document produced;</p></content></level><level class="para1"><num>(b)</num><content><p>must specify the period within which the information is to be provided or document produced;</p></content></level><level class="para1" eId="d28e30997"><num>(c)</num><content><p>may require the information to be provided, or document to be produced, to the Law Society or to a person specified in the notice.</p></content></level></subsection><subsection eId="d28e31003"><num>(5)</num><content><p>The Law Society may pay to any person such reasonable costs as may be incurred by that person in connection with the provision of any information, or production of any document, by that person pursuant to a notice under subsection <ref href="#d28e30886">(1)</ref>.</p></content></subsection><subsection><num>(6)</num><content><p>The Law Society, or a person specified under subsection <ref href="#d28e30997">(4)(c)</ref> in a notice, may take copies of or extracts from a document produced pursuant to a notice under subsection <ref href="#d28e30886">(1)</ref>.</p></content></subsection><subsection eId="d28e31024"><num>(7)</num><content><p>In this section “<term refersTo="#term-economic-crime">economic crime</term>” has the meaning given by section 193(1) of the Economic Crime and Corporate Transparency Act 2023.</p></content></subsection></section><section><num>111B</num><heading>Enforcement of information powers relating to economic crime</heading><subsection eId="d28e31040"><num>(1)</num><content><p>If a person refuses or otherwise fails to comply with a notice under section <ref href="#d28e30882">111A</ref><ref href="#d28e30886">(1)</ref>, the Law Society may apply to the High Court for an order requiring the person to comply with the notice or with such directions for the like purpose as may be contained in the order.</p></content></subsection><subsection eId="d28e31051"><num>(2)</num><content><p>On an application under subsection <ref href="#d28e31040">(1)</ref>, the High Court may order a person other than the person to whom the notice was given to provide information or produce documents specified in the notice, if the High Court is satisfied that there is reason to suspect that the information or documents have come into the possession or custody or under the control of that other person.</p></content></subsection><subsection><num>(3)</num><content><p>Section <ref href="#d28e30882">111A</ref><ref href="#d28e30976">(4)</ref> applies in relation to an order under subsection <ref href="#d28e31051">(2)</ref> as it applies in relation to a notice under section <ref href="#d28e30882">111A</ref><ref href="#d28e30886">(1)</ref>.</p></content></subsection><subsection><num>(4)</num><content><p>An order under this section may direct the Law Society to pay such reasonable costs as may be incurred by a person in connection with the provision of any information, or production of any document, by that person pursuant to the order.</p></content></subsection><subsection><num>(5)</num><content><p>A person may take copies of or extracts from a document produced to them pursuant to an order under this section.</p></content></subsection></section><section eId="d28e31094"><num>111C</num><heading>Provision of information relating to economic crime by other persons</heading><subsection><num>(1)</num><intro><p>The Law Society may apply to the High Court for an order requiring a person who does not fall within section <ref href="#d28e30882">111A</ref><ref href="#d28e30916">(3)</ref> to—</p></intro><level class="para1"><num>(a)</num><content><p>provide information, or information of a description, specified in the order, or</p></content></level><level class="para1"><num>(b)</num><content><p>produce documents, or documents of a description, specified in the order.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The High Court may make an order under this section only if it is satisfied—</p></intro><level class="para1"><num>(a)</num><content><p>that it is likely that the information or document is in the possession or custody of, or under the control of, the person, and</p></content></level><level class="para1"><num>(b)</num><content><p>that it is necessary or expedient for the Law Society to have the information or document for the purposes of, or in connection with, the performance of its regulatory functions for purposes relating to the prevention or detection of economic crime.</p></content></level></subsection><subsection><num>(3)</num><content><p>Section <ref href="#d28e30882">111A</ref><ref href="#d28e30976">(4)</ref> applies in relation to an order under this section as it applies in relation to a notice under section <ref href="#d28e30882">111A</ref><ref href="#d28e30886">(1)</ref>.</p></content></subsection><subsection><num>(4)</num><content><p>An order under this section may direct the Law Society to pay such reasonable costs as may be incurred by a person in connection with the provision of any information, or production of any document, by that person pursuant to the order.</p></content></subsection><subsection><num>(5)</num><content><p>A person may take copies of or extracts from a document produced to them pursuant to an order under this section.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-economic-crime">economic crime</term>” has the meaning given by section 193(1) of the Economic Crime and Corporate Transparency Act 2023.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Other approved regulators: information powers relating to economic crime</heading><section eId="d28e31182"><num>111D</num><heading>Order to confer information powers on other approved regulators</heading><subsection><num>(1)</num><intro><p>The Lord Chancellor may by order amend this Part so as to—</p></intro><level class="para1"><num>(a)</num><content><p>provide for sections <ref href="#d28e30882">111A</ref> to <ref href="#d28e31094">111C</ref> to apply in relation to an approved regulator other than the Law Society as they apply in relation to the Law Society, and</p></content></level><level class="para1"><num>(b)</num><content><p>specify the persons to whom notices under section <ref href="#d28e30882">111A</ref><ref href="#d28e30886">(1)</ref> may be given by that approved regulator.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The Lord Chancellor may make an order under this section in relation to an approved regulator only if—</p></intro><level class="para1"><num>(a)</num><content><p>the Board has made a recommendation in accordance with section 111E in relation to that approved regulator, and</p></content></level><level class="para1"><num>(b)</num><content><p>the persons specified in the order to whom notices under section 111A(1) may be given by that approved regulator are the same as those persons specified in the recommendation.</p></content></level></subsection></section><section><num>111E</num><heading>The Board’s power to recommend orders under section 111D</heading><subsection><num>(1)</num><content><p>The Board may recommend to the Lord Chancellor that the Lord Chancellor make an order under section <ref href="#d28e31182">111D</ref> in relation to an approved regulator.</p></content></subsection><subsection><num>(2)</num><content><p>A recommendation must specify the persons to whom the approved regulator should be able to give notices under section <ref href="#d28e30882">111A</ref><ref href="#d28e30886">(1)</ref>.</p></content></subsection><subsection><num>(3)</num><content><p>A recommendation may only be made with the consent of the approved regulator.</p></content></subsection><subsection><num>(4)</num><content><p>Before making a recommendation under this section, the Board must publish a draft of the proposed recommendation.</p></content></subsection><subsection><num>(5)</num><content><p>The draft must be accompanied by a notice which states that representations about the proposed recommendation may be made to the Board within a specified period.</p></content></subsection><subsection><num>(6)</num><content><p>Before making the recommendation, the Board must have regard to any representations duly made.</p></content></subsection></section></hcontainer></part></quotedStructure></mod></p></content></subsection><subsection eId="section-210-3"><num>(3)</num><content><p><mod>In section 206 (parliamentary control of orders and regulations), in subsection (4), after paragraph (n) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(na)</num><content><p>section 111D (order to confer information powers on other approved regulators);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-210-1"><num>(1)</num><content><p>The Legal Services Act 2007 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-210-2"><num>(2)</num><content><p><mod>After section 111 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><part><num>PART 5A</num><heading>Approved regulators: information powers</heading><hcontainer name="crossheading" ukl:Name="Pblock"><heading>The Law Society’s information powers relating to economic crime</heading><section eId="d28e30882"><num>111A</num><heading>The Law Society’s information powers relating to economic crime</heading><subsection eId="d28e30886"><num>(1)</num><intro><p>The Law Society may, by notice, require a person falling within subsection <ref href="#d28e30916">(3)</ref> to—</p></intro><level class="para1"><num>(a)</num><content><p>provide information, or information of a description, specified in the notice;</p></content></level><level class="para1"><num>(b)</num><content><p>produce documents, or documents of a description, specified in the notice.</p></content></level></subsection><subsection><num>(2)</num><content><p>The Law Society may only exercise the power in subsection <ref href="#d28e30886">(1)</ref> in relation to information or documents which the Law Society considers it necessary or expedient to have for the purposes of, or in connection with, the performance of its regulatory functions for purposes relating to the prevention or detection of economic crime.</p></content></subsection><subsection eId="d28e30916"><num>(3)</num><intro><p>The persons are—</p></intro><level class="para1" eId="d28e30922"><num>(a)</num><content><p>a solicitor;</p></content></level><level class="para1"><num>(b)</num><content><p>an employee of a solicitor;</p></content></level><level class="para1" eId="d28e30934"><num>(c)</num><content><p>a body recognised under section 9 of the Administration of Justice Act 1985;</p></content></level><level class="para1"><num>(d)</num><content><p>an employee or manager of, or person with an interest in, such a body;</p></content></level><level class="para1" eId="d28e30946"><num>(e)</num><content><p>a licensed body;</p></content></level><level class="para1"><num>(f)</num><content><p>a manager or employee of a licensed body;</p></content></level><level class="para1" eId="d28e30958"><num>(g)</num><content><p>a non-authorised person who has an interest or an indirect interest, or holds a material interest (within the meaning of Part 5 of this Act), in a licensed body;</p></content></level><level class="para1"><num>(h)</num><content><p>a person who was, but is no longer, of a description mentioned within any of paragraphs <ref href="#d28e30922">(a)</ref> to <ref href="#d28e30958">(g)</ref>.</p></content></level></subsection><subsection eId="d28e30976"><num>(4)</num><intro><p>A notice under subsection <ref href="#d28e30886">(1)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>may specify the manner and form in which the information is to be provided or document produced;</p></content></level><level class="para1"><num>(b)</num><content><p>must specify the period within which the information is to be provided or document produced;</p></content></level><level class="para1" eId="d28e30997"><num>(c)</num><content><p>may require the information to be provided, or document to be produced, to the Law Society or to a person specified in the notice.</p></content></level></subsection><subsection eId="d28e31003"><num>(5)</num><content><p>The Law Society may pay to any person such reasonable costs as may be incurred by that person in connection with the provision of any information, or production of any document, by that person pursuant to a notice under subsection <ref href="#d28e30886">(1)</ref>.</p></content></subsection><subsection><num>(6)</num><content><p>The Law Society, or a person specified under subsection <ref href="#d28e30997">(4)(c)</ref> in a notice, may take copies of or extracts from a document produced pursuant to a notice under subsection <ref href="#d28e30886">(1)</ref>.</p></content></subsection><subsection eId="d28e31024"><num>(7)</num><content><p>In this section “<term refersTo="#term-economic-crime">economic crime</term>” has the meaning given by section 193(1) of the Economic Crime and Corporate Transparency Act 2023.</p></content></subsection></section><section><num>111B</num><heading>Enforcement of information powers relating to economic crime</heading><subsection eId="d28e31040"><num>(1)</num><content><p>If a person refuses or otherwise fails to comply with a notice under section <ref href="#d28e30882">111A</ref><ref href="#d28e30886">(1)</ref>, the Law Society may apply to the High Court for an order requiring the person to comply with the notice or with such directions for the like purpose as may be contained in the order.</p></content></subsection><subsection eId="d28e31051"><num>(2)</num><content><p>On an application under subsection <ref href="#d28e31040">(1)</ref>, the High Court may order a person other than the person to whom the notice was given to provide information or produce documents specified in the notice, if the High Court is satisfied that there is reason to suspect that the information or documents have come into the possession or custody or under the control of that other person.</p></content></subsection><subsection><num>(3)</num><content><p>Section <ref href="#d28e30882">111A</ref><ref href="#d28e30976">(4)</ref> applies in relation to an order under subsection <ref href="#d28e31051">(2)</ref> as it applies in relation to a notice under section <ref href="#d28e30882">111A</ref><ref href="#d28e30886">(1)</ref>.</p></content></subsection><subsection><num>(4)</num><content><p>An order under this section may direct the Law Society to pay such reasonable costs as may be incurred by a person in connection with the provision of any information, or production of any document, by that person pursuant to the order.</p></content></subsection><subsection><num>(5)</num><content><p>A person may take copies of or extracts from a document produced to them pursuant to an order under this section.</p></content></subsection></section><section eId="d28e31094"><num>111C</num><heading>Provision of information relating to economic crime by other persons</heading><subsection><num>(1)</num><intro><p>The Law Society may apply to the High Court for an order requiring a person who does not fall within section <ref href="#d28e30882">111A</ref><ref href="#d28e30916">(3)</ref> to—</p></intro><level class="para1"><num>(a)</num><content><p>provide information, or information of a description, specified in the order, or</p></content></level><level class="para1"><num>(b)</num><content><p>produce documents, or documents of a description, specified in the order.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The High Court may make an order under this section only if it is satisfied—</p></intro><level class="para1"><num>(a)</num><content><p>that it is likely that the information or document is in the possession or custody of, or under the control of, the person, and</p></content></level><level class="para1"><num>(b)</num><content><p>that it is necessary or expedient for the Law Society to have the information or document for the purposes of, or in connection with, the performance of its regulatory functions for purposes relating to the prevention or detection of economic crime.</p></content></level></subsection><subsection><num>(3)</num><content><p>Section <ref href="#d28e30882">111A</ref><ref href="#d28e30976">(4)</ref> applies in relation to an order under this section as it applies in relation to a notice under section <ref href="#d28e30882">111A</ref><ref href="#d28e30886">(1)</ref>.</p></content></subsection><subsection><num>(4)</num><content><p>An order under this section may direct the Law Society to pay such reasonable costs as may be incurred by a person in connection with the provision of any information, or production of any document, by that person pursuant to the order.</p></content></subsection><subsection><num>(5)</num><content><p>A person may take copies of or extracts from a document produced to them pursuant to an order under this section.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-economic-crime">economic crime</term>” has the meaning given by section 193(1) of the Economic Crime and Corporate Transparency Act 2023.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Other approved regulators: information powers relating to economic crime</heading><section eId="d28e31182"><num>111D</num><heading>Order to confer information powers on other approved regulators</heading><subsection><num>(1)</num><intro><p>The Lord Chancellor may by order amend this Part so as to—</p></intro><level class="para1"><num>(a)</num><content><p>provide for sections <ref href="#d28e30882">111A</ref> to <ref href="#d28e31094">111C</ref> to apply in relation to an approved regulator other than the Law Society as they apply in relation to the Law Society, and</p></content></level><level class="para1"><num>(b)</num><content><p>specify the persons to whom notices under section <ref href="#d28e30882">111A</ref><ref href="#d28e30886">(1)</ref> may be given by that approved regulator.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The Lord Chancellor may make an order under this section in relation to an approved regulator only if—</p></intro><level class="para1"><num>(a)</num><content><p>the Board has made a recommendation in accordance with section 111E in relation to that approved regulator, and</p></content></level><level class="para1"><num>(b)</num><content><p>the persons specified in the order to whom notices under section 111A(1) may be given by that approved regulator are the same as those persons specified in the recommendation.</p></content></level></subsection></section><section><num>111E</num><heading>The Board’s power to recommend orders under section 111D</heading><subsection><num>(1)</num><content><p>The Board may recommend to the Lord Chancellor that the Lord Chancellor make an order under section <ref href="#d28e31182">111D</ref> in relation to an approved regulator.</p></content></subsection><subsection><num>(2)</num><content><p>A recommendation must specify the persons to whom the approved regulator should be able to give notices under section <ref href="#d28e30882">111A</ref><ref href="#d28e30886">(1)</ref>.</p></content></subsection><subsection><num>(3)</num><content><p>A recommendation may only be made with the consent of the approved regulator.</p></content></subsection><subsection><num>(4)</num><content><p>Before making a recommendation under this section, the Board must publish a draft of the proposed recommendation.</p></content></subsection><subsection><num>(5)</num><content><p>The draft must be accompanied by a notice which states that representations about the proposed recommendation may be made to the Board within a specified period.</p></content></subsection><subsection><num>(6)</num><content><p>Before making the recommendation, the Board must have regard to any representations duly made.</p></content></subsection></section></hcontainer></part></quotedStructure></mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-210-3"><num>(3)</num><content><p><mod>In section 206 (parliamentary control of orders and regulations), in subsection (4), after paragraph (n) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(na)</num><content><p>section 111D (order to confer information powers on other approved regulators);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-211"><num>211</num><heading>Serious Fraud Office: pre-investigation powers</heading><subsection eId="section-211-1"><num>(1)</num><intro><p>In section 2A of the Criminal Justice Act 1987 (Director’s pre-investigation powers in relation to bribery and corruption: foreign officers etc), omit the following—</p></intro><level class="para1" eId="section-211-1-a"><num>(a)</num><content><p>in the heading, the words from “in relation to” to the end;</p></content></level><level class="para1" eId="section-211-1-b"><num>(b)</num><content><p>in subsection (1), the words from “in a case” to the end;</p></content></level><level class="para1" eId="section-211-1-c"><num>(c)</num><content><p>subsection (5).</p></content></level></subsection><subsection eId="section-211-2"><num>(2)</num><content><p>In Schedule 1 to the Bribery Act 2010 (consequential amendments), omit paragraph 2 and the preceding italic heading.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-211-1"><num>(1)</num><intro><p>In section 2A of the Criminal Justice Act 1987 (Director’s pre-investigation powers in relation to bribery and corruption: foreign officers etc), omit the following—</p></intro><level class="para1" eId="section-211-1-a"><num>(a)</num><content><p>in the heading, the words from “in relation to” to the end;</p></content></level><level class="para1" eId="section-211-1-b"><num>(b)</num><content><p>in subsection (1), the words from “in a case” to the end;</p></content></level><level class="para1" eId="section-211-1-c"><num>(c)</num><content><p>subsection (5).</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-211-1-a"><num>(a)</num><content><p>in the heading, the words from “in relation to” to the end;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-211-1-b"><num>(b)</num><content><p>in subsection (1), the words from “in a case” to the end;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-211-1-c"><num>(c)</num><content><p>subsection (5).</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-211-2"><num>(2)</num><content><p>In Schedule 1 to the Bribery Act 2010 (consequential amendments), omit paragraph 2 and the preceding italic heading.</p></content></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-reports-on-payments-to-governments"><heading>Reports on payments to governments</heading><section eId="section-212"><num>212</num><heading>Reports on payments to governments regulations: false statement offences etc</heading><content><p><mod>For regulation 16 of the Reports on Payments to Governments Regulations 2014 (<ref eId="c00032" href="http://www.legislation.gov.uk/id/uksi/2014/3209">S.I. 2014/3209</ref>) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="double"><hcontainer name="regulation"><heading>False statements: basic offence</heading><num>16</num><paragraph><num>(1)</num><intro><p>It is an offence for a person, without reasonable excuse, to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for the purposes of these Regulations, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for the purposes of these Regulations, a statement that is misleading, false or deceptive in a material particular.</p></content></level></paragraph><paragraph eId="d28e31381"><num>(2)</num><content><p>Where the offence is committed by a firm, every officer of the firm who is in default also commits the offence.</p></content></paragraph><paragraph><num>(3)</num><content><p>In paragraph <ref href="#d28e31381">(2)</ref> “<term refersTo="#term-firm">firm</term>” has the meaning given by section 1173(1) of the Act.</p></content></paragraph><paragraph><num>(4)</num><content><p>Sections 1121 to 1123 of the Act (liability of officers default: interpretation etc) apply for the purposes of paragraph <ref href="#d28e31381">(2)</ref> as they apply for the purposes of provisions of the Companies Acts.</p></content></paragraph><paragraph><num>(5)</num><intro><p>A person guilty of an offence under this regulation is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</p></content></level></paragraph><paragraph><num>(6)</num><intro><p>No proceedings are to be brought for an offence under this regulation—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales except by or with the consent of the Secretary of State or the Director of Public Prosecutions;</p></content></level><level class="para1"><num>(b)</num><content><p>in Northern Ireland except by or with the consent of the Secretary of State or the Director of Public Prosecutions for Northern Ireland.</p></content></level></paragraph></hcontainer><hcontainer name="regulation"><heading>False statements: aggravated offence</heading><num>16BA</num><paragraph><num>(1)</num><intro><p>It is an offence for a person knowingly to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for the purposes of these Regulations, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for the purposes of these Regulations, a statement that is misleading, false or deceptive in a material particular.</p></content></level></paragraph><paragraph eId="d28e31475"><num>(2)</num><content><p>Where the offence is committed by a firm, every officer of the firm who is in default also commits the offence.</p></content></paragraph><paragraph><num>(3)</num><content><p>In paragraph <ref href="#d28e31475">(2)</ref> “<term refersTo="#term-firm">firm</term>” has the meaning given by section 1173(1) of the Act.</p></content></paragraph><paragraph><num>(4)</num><content><p>Sections 1121 to 1123 of the Act (liability of officers default: interpretation etc) apply for the purposes of paragraph <ref href="#d28e31475">(2)</ref> as they apply for the purposes of provisions of the Companies Acts.</p></content></paragraph><paragraph><num>(5)</num><intro><p>A person guilty of an offence under this regulation is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both).</p></content></level></level></paragraph><paragraph><num>(6)</num><intro><p>No proceedings are to be brought for an offence under this regulation—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales except by or with the consent of the Secretary of State or the Director of Public Prosecutions;</p></content></level><level class="para1"><num>(b)</num><content><p>in Northern Ireland except by or with the consent of the Secretary of State or the Director of Public Prosecutions for Northern Ireland.</p></content></level></paragraph></hcontainer></quotedStructure></mod></p></content></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-212"><num>212</num><heading>Reports on payments to governments regulations: false statement offences etc</heading><content><p><mod>For regulation 16 of the Reports on Payments to Governments Regulations 2014 (<ref eId="c00032" href="http://www.legislation.gov.uk/id/uksi/2014/3209">S.I. 2014/3209</ref>) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="double"><hcontainer name="regulation"><heading>False statements: basic offence</heading><num>16</num><paragraph><num>(1)</num><intro><p>It is an offence for a person, without reasonable excuse, to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for the purposes of these Regulations, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for the purposes of these Regulations, a statement that is misleading, false or deceptive in a material particular.</p></content></level></paragraph><paragraph eId="d28e31381"><num>(2)</num><content><p>Where the offence is committed by a firm, every officer of the firm who is in default also commits the offence.</p></content></paragraph><paragraph><num>(3)</num><content><p>In paragraph <ref href="#d28e31381">(2)</ref> “<term refersTo="#term-firm">firm</term>” has the meaning given by section 1173(1) of the Act.</p></content></paragraph><paragraph><num>(4)</num><content><p>Sections 1121 to 1123 of the Act (liability of officers default: interpretation etc) apply for the purposes of paragraph <ref href="#d28e31381">(2)</ref> as they apply for the purposes of provisions of the Companies Acts.</p></content></paragraph><paragraph><num>(5)</num><intro><p>A person guilty of an offence under this regulation is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on summary conviction in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>on summary conviction in Scotland, to a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>on summary conviction in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</p></content></level></paragraph><paragraph><num>(6)</num><intro><p>No proceedings are to be brought for an offence under this regulation—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales except by or with the consent of the Secretary of State or the Director of Public Prosecutions;</p></content></level><level class="para1"><num>(b)</num><content><p>in Northern Ireland except by or with the consent of the Secretary of State or the Director of Public Prosecutions for Northern Ireland.</p></content></level></paragraph></hcontainer><hcontainer name="regulation"><heading>False statements: aggravated offence</heading><num>16BA</num><paragraph><num>(1)</num><intro><p>It is an offence for a person knowingly to—</p></intro><level class="para1"><num>(a)</num><content><p>deliver or cause to be delivered to the registrar, for the purposes of these Regulations, a document that is misleading, false or deceptive in a material particular, or</p></content></level><level class="para1"><num>(b)</num><content><p>make to the registrar, for the purposes of these Regulations, a statement that is misleading, false or deceptive in a material particular.</p></content></level></paragraph><paragraph eId="d28e31475"><num>(2)</num><content><p>Where the offence is committed by a firm, every officer of the firm who is in default also commits the offence.</p></content></paragraph><paragraph><num>(3)</num><content><p>In paragraph <ref href="#d28e31475">(2)</ref> “<term refersTo="#term-firm">firm</term>” has the meaning given by section 1173(1) of the Act.</p></content></paragraph><paragraph><num>(4)</num><content><p>Sections 1121 to 1123 of the Act (liability of officers default: interpretation etc) apply for the purposes of paragraph <ref href="#d28e31475">(2)</ref> as they apply for the purposes of provisions of the Companies Acts.</p></content></paragraph><paragraph><num>(5)</num><intro><p>A person guilty of an offence under this regulation is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both).</p></content></level></level></paragraph><paragraph><num>(6)</num><intro><p>No proceedings are to be brought for an offence under this regulation—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales except by or with the consent of the Secretary of State or the Director of Public Prosecutions;</p></content></level><level class="para1"><num>(b)</num><content><p>in Northern Ireland except by or with the consent of the Secretary of State or the Director of Public Prosecutions for Northern Ireland.</p></content></level></paragraph></hcontainer></quotedStructure></mod></p></content></section>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-reports-on-implementation"><heading>Reports on implementation</heading><section eId="section-213"><num>213</num><heading>Reports on the implementation and operation of Parts 1 to 3</heading><subsection eId="section-213-1"><num>(1)</num><intro><p>The Secretary of State must—</p></intro><level class="para1" eId="section-213-1-a"><num>(a)</num><content><p>prepare reports on the implementation and operation of Parts 1 to 3, and</p></content></level><level class="para1" eId="section-213-1-b"><num>(b)</num><content><p>lay a copy of each report before Parliament.</p></content></level></subsection><subsection eId="section-213-2"><num>(2)</num><content><p>The first report must be laid within the period of 6 months beginning with the day on which this Act is passed.</p></content></subsection><subsection eId="section-213-3"><num>(3)</num><content><p>Each subsequent report must be laid within the period of 12 months beginning with the day on which the previous report was laid.</p></content></subsection><subsection eId="section-213-4"><num>(4)</num><content><p>But the duty to prepare and lay reports under subsection (1) ceases with the laying of the first report on or after 1 January 2030.</p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-213"><num>213</num><heading>Reports on the implementation and operation of Parts 1 to 3</heading><subsection eId="section-213-1"><num>(1)</num><intro><p>The Secretary of State must—</p></intro><level class="para1" eId="section-213-1-a"><num>(a)</num><content><p>prepare reports on the implementation and operation of Parts 1 to 3, and</p></content></level><level class="para1" eId="section-213-1-b"><num>(b)</num><content><p>lay a copy of each report before Parliament.</p></content></level></subsection><subsection eId="section-213-2"><num>(2)</num><content><p>The first report must be laid within the period of 6 months beginning with the day on which this Act is passed.</p></content></subsection><subsection eId="section-213-3"><num>(3)</num><content><p>Each subsequent report must be laid within the period of 12 months beginning with the day on which the previous report was laid.</p></content></subsection><subsection eId="section-213-4"><num>(4)</num><content><p>But the duty to prepare and lay reports under subsection (1) ceases with the laying of the first report on or after 1 January 2030.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-213-1"><num>(1)</num><intro><p>The Secretary of State must—</p></intro><level class="para1" eId="section-213-1-a"><num>(a)</num><content><p>prepare reports on the implementation and operation of Parts 1 to 3, and</p></content></level><level class="para1" eId="section-213-1-b"><num>(b)</num><content><p>lay a copy of each report before Parliament.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-213-1-a"><num>(a)</num><content><p>prepare reports on the implementation and operation of Parts 1 to 3, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-213-1-b"><num>(b)</num><content><p>lay a copy of each report before Parliament.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-213-2"><num>(2)</num><content><p>The first report must be laid within the period of 6 months beginning with the day on which this Act is passed.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-213-3"><num>(3)</num><content><p>Each subsequent report must be laid within the period of 12 months beginning with the day on which the previous report was laid.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-213-4"><num>(4)</num><content><p>But the duty to prepare and lay reports under subsection (1) ceases with the laying of the first report on or after 1 January 2030.</p></content></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-sanctions-enforcement-monetary-penalties"><heading>Sanctions enforcement: monetary penalties</heading><section eId="section-214"><num>214</num><heading>Sanctions enforcement: monetary penalties</heading><subsection eId="section-214-1"><num>(1)</num><intro><p>In section 143 of the Policing and Crime Act 2017 (interpretation), in subsection (4) (meaning of “<term refersTo="#term-financial-sanctions-legislation" eId="term-financial-sanctions-legislation">financial sanctions legislation</term>”), in paragraph (f)—</p></intro><level class="para1" eId="section-214-1-a"><num>(a)</num><content><p>the words from “contains” to the end become sub-paragraph (i);</p></content></level><level class="para1" eId="section-214-1-b"><num>(b)</num><content><p><mod>at the end of that sub-paragraph insert—<quotedText startQuote="“">;</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para2"><num>(ii)</num><content><p>makes supplemental provision (within the meaning of section 1(6) of that Act) in connection with any prohibition or requirement mentioned in sub-paragraph (i).</p></content></level></quotedStructure></mod></p></content></level></subsection><subsection eId="section-214-2"><num>(2)</num><content><p>The Sanctions and Anti-Money Laundering Act 2018 is amended as follows.</p></content></subsection><subsection eId="section-214-3"><num>(3)</num><content><p><mod>In section 17 (enforcement), in subsection (9), in paragraph (a), after “(2)” insert <quotedText>“or makes supplemental provision in connection with any such prohibition or requirement”</quotedText>.</mod></p></content></subsection><subsection eId="section-214-4"><num>(4)</num><content><p><mod>After section 17 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>17A</num><heading>Enforcement: monetary penalties</heading><subsection><num>(1)</num><content><p>The provision that may be made by virtue of section 17(2) (enforcement of prohibitions or requirements) includes provision authorising a prescribed person to impose a monetary penalty on another person if satisfied, to the prescribed standard of proof, that the other person has breached a prohibition, or failed to comply with a requirement, that is imposed by or under regulations.</p></content></subsection><subsection><num>(2)</num><content><p>Regulations authorising the Treasury to impose a monetary penalty in respect of a breach or failure for which the Treasury could impose a monetary penalty under Part 8 of the Policing and Crime Act 2017 may not be made unless the regulations also make provision of the kind mentioned in section 17(9) to disapply Part 8 of that Act in respect of that breach or failure.</p></content></subsection><subsection><num>(3)</num><content><p>Regulations authorising the imposition of a monetary penalty may make provision that, in determining for the purposes of the regulations whether a person has breached a prohibition, or failed to comply with a requirement, any requirement relating to the person’s knowledge or intention is to be ignored.</p></content></subsection><subsection eId="d28e31692"><num>(4)</num><intro><p>Regulations authorising the imposition of a monetary penalty must provide that—</p></intro><level class="para1"><num>(a)</num><intro><p>a person is not liable to such a penalty in respect of conduct amounting to an offence if—</p></intro><level class="para2"><num>(i)</num><content><p>proceedings have been brought against the person for that offence in respect of that conduct and the proceedings are ongoing, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the person has been convicted of that offence in respect of that conduct, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>no proceedings may be brought against a person in respect of conduct amounting to an offence if the person has been given such a penalty under the regulations in respect of that conduct.</p></content></level></subsection><subsection><num>(5)</num><content><p>Where regulations authorising the imposition of a monetary penalty authorise a prescribed person to determine the amount of the penalty, the regulations must provide for a maximum penalty.</p></content></subsection><subsection><num>(6)</num><content><p>The maximum penalty may be a prescribed sum of any amount or may be calculated in accordance with the regulations.</p></content></subsection><subsection><num>(7)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-conduct">conduct</term>” means an act or omission;</p></content></hcontainer><hcontainer name="definition"><content><p>“regulations” mean regulations under section 1.</p></content></hcontainer></subsection></section></quotedStructure></mod></p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-214"><num>214</num><heading>Sanctions enforcement: monetary penalties</heading><subsection eId="section-214-1"><num>(1)</num><intro><p>In section 143 of the Policing and Crime Act 2017 (interpretation), in subsection (4) (meaning of “<term refersTo="#term-financial-sanctions-legislation" eId="term-financial-sanctions-legislation">financial sanctions legislation</term>”), in paragraph (f)—</p></intro><level class="para1" eId="section-214-1-a"><num>(a)</num><content><p>the words from “contains” to the end become sub-paragraph (i);</p></content></level><level class="para1" eId="section-214-1-b"><num>(b)</num><content><p><mod>at the end of that sub-paragraph insert—<quotedText startQuote="“">;</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para2"><num>(ii)</num><content><p>makes supplemental provision (within the meaning of section 1(6) of that Act) in connection with any prohibition or requirement mentioned in sub-paragraph (i).</p></content></level></quotedStructure></mod></p></content></level></subsection><subsection eId="section-214-2"><num>(2)</num><content><p>The Sanctions and Anti-Money Laundering Act 2018 is amended as follows.</p></content></subsection><subsection eId="section-214-3"><num>(3)</num><content><p><mod>In section 17 (enforcement), in subsection (9), in paragraph (a), after “(2)” insert <quotedText>“or makes supplemental provision in connection with any such prohibition or requirement”</quotedText>.</mod></p></content></subsection><subsection eId="section-214-4"><num>(4)</num><content><p><mod>After section 17 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>17A</num><heading>Enforcement: monetary penalties</heading><subsection><num>(1)</num><content><p>The provision that may be made by virtue of section 17(2) (enforcement of prohibitions or requirements) includes provision authorising a prescribed person to impose a monetary penalty on another person if satisfied, to the prescribed standard of proof, that the other person has breached a prohibition, or failed to comply with a requirement, that is imposed by or under regulations.</p></content></subsection><subsection><num>(2)</num><content><p>Regulations authorising the Treasury to impose a monetary penalty in respect of a breach or failure for which the Treasury could impose a monetary penalty under Part 8 of the Policing and Crime Act 2017 may not be made unless the regulations also make provision of the kind mentioned in section 17(9) to disapply Part 8 of that Act in respect of that breach or failure.</p></content></subsection><subsection><num>(3)</num><content><p>Regulations authorising the imposition of a monetary penalty may make provision that, in determining for the purposes of the regulations whether a person has breached a prohibition, or failed to comply with a requirement, any requirement relating to the person’s knowledge or intention is to be ignored.</p></content></subsection><subsection eId="d28e31692"><num>(4)</num><intro><p>Regulations authorising the imposition of a monetary penalty must provide that—</p></intro><level class="para1"><num>(a)</num><intro><p>a person is not liable to such a penalty in respect of conduct amounting to an offence if—</p></intro><level class="para2"><num>(i)</num><content><p>proceedings have been brought against the person for that offence in respect of that conduct and the proceedings are ongoing, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the person has been convicted of that offence in respect of that conduct, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>no proceedings may be brought against a person in respect of conduct amounting to an offence if the person has been given such a penalty under the regulations in respect of that conduct.</p></content></level></subsection><subsection><num>(5)</num><content><p>Where regulations authorising the imposition of a monetary penalty authorise a prescribed person to determine the amount of the penalty, the regulations must provide for a maximum penalty.</p></content></subsection><subsection><num>(6)</num><content><p>The maximum penalty may be a prescribed sum of any amount or may be calculated in accordance with the regulations.</p></content></subsection><subsection><num>(7)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-conduct">conduct</term>” means an act or omission;</p></content></hcontainer><hcontainer name="definition"><content><p>“regulations” mean regulations under section 1.</p></content></hcontainer></subsection></section></quotedStructure></mod></p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-214-1"><num>(1)</num><intro><p>In section 143 of the Policing and Crime Act 2017 (interpretation), in subsection (4) (meaning of “<term refersTo="#term-financial-sanctions-legislation" eId="term-financial-sanctions-legislation">financial sanctions legislation</term>”), in paragraph (f)—</p></intro><level class="para1" eId="section-214-1-a"><num>(a)</num><content><p>the words from “contains” to the end become sub-paragraph (i);</p></content></level><level class="para1" eId="section-214-1-b"><num>(b)</num><content><p><mod>at the end of that sub-paragraph insert—<quotedText startQuote="“">;</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para2"><num>(ii)</num><content><p>makes supplemental provision (within the meaning of section 1(6) of that Act) in connection with any prohibition or requirement mentioned in sub-paragraph (i).</p></content></level></quotedStructure></mod></p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-214-1-a"><num>(a)</num><content><p>the words from “contains” to the end become sub-paragraph (i);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-214-1-b"><num>(b)</num><content><p><mod>at the end of that sub-paragraph insert—<quotedText startQuote="“">;</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para2"><num>(ii)</num><content><p>makes supplemental provision (within the meaning of section 1(6) of that Act) in connection with any prohibition or requirement mentioned in sub-paragraph (i).</p></content></level></quotedStructure></mod></p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-214-2"><num>(2)</num><content><p>The Sanctions and Anti-Money Laundering Act 2018 is amended as follows.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-214-3"><num>(3)</num><content><p><mod>In section 17 (enforcement), in subsection (9), in paragraph (a), after “(2)” insert <quotedText>“or makes supplemental provision in connection with any such prohibition or requirement”</quotedText>.</mod></p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-214-4"><num>(4)</num><content><p><mod>After section 17 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>17A</num><heading>Enforcement: monetary penalties</heading><subsection><num>(1)</num><content><p>The provision that may be made by virtue of section 17(2) (enforcement of prohibitions or requirements) includes provision authorising a prescribed person to impose a monetary penalty on another person if satisfied, to the prescribed standard of proof, that the other person has breached a prohibition, or failed to comply with a requirement, that is imposed by or under regulations.</p></content></subsection><subsection><num>(2)</num><content><p>Regulations authorising the Treasury to impose a monetary penalty in respect of a breach or failure for which the Treasury could impose a monetary penalty under Part 8 of the Policing and Crime Act 2017 may not be made unless the regulations also make provision of the kind mentioned in section 17(9) to disapply Part 8 of that Act in respect of that breach or failure.</p></content></subsection><subsection><num>(3)</num><content><p>Regulations authorising the imposition of a monetary penalty may make provision that, in determining for the purposes of the regulations whether a person has breached a prohibition, or failed to comply with a requirement, any requirement relating to the person’s knowledge or intention is to be ignored.</p></content></subsection><subsection eId="d28e31692"><num>(4)</num><intro><p>Regulations authorising the imposition of a monetary penalty must provide that—</p></intro><level class="para1"><num>(a)</num><intro><p>a person is not liable to such a penalty in respect of conduct amounting to an offence if—</p></intro><level class="para2"><num>(i)</num><content><p>proceedings have been brought against the person for that offence in respect of that conduct and the proceedings are ongoing, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the person has been convicted of that offence in respect of that conduct, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>no proceedings may be brought against a person in respect of conduct amounting to an offence if the person has been given such a penalty under the regulations in respect of that conduct.</p></content></level></subsection><subsection><num>(5)</num><content><p>Where regulations authorising the imposition of a monetary penalty authorise a prescribed person to determine the amount of the penalty, the regulations must provide for a maximum penalty.</p></content></subsection><subsection><num>(6)</num><content><p>The maximum penalty may be a prescribed sum of any amount or may be calculated in accordance with the regulations.</p></content></subsection><subsection><num>(7)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-conduct">conduct</term>” means an act or omission;</p></content></hcontainer><hcontainer name="definition"><content><p>“regulations” mean regulations under section 1.</p></content></hcontainer></subsection></section></quotedStructure></mod></p></content></subsection>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-5-crossheading-report-on-costs-orders-for-proceedings-for-civil-recovery"><heading>Report on costs orders for proceedings for civil recovery</heading><section eId="section-215"><num>215</num><heading>Report on costs orders for proceedings for civil recovery</heading><subsection eId="section-215-1"><num>(1)</num><content><p>The Secretary of State must assess whether it would be appropriate to restrict the court’s power to order that the costs of proceedings under Chapter 2 of Part 5 of the Proceeds of Crime Act 2002 are payable by an enforcement authority and, if so, how.</p></content></subsection><subsection eId="section-215-2"><num>(2)</num><content><p>In carrying out the assessment, the Secretary of State must consult such persons as the Secretary of State considers appropriate.</p></content></subsection><subsection eId="section-215-3"><num>(3)</num><content><p>The Secretary of State must publish and lay before Parliament a report on the outcome of the assessment by the end of the period of 12 months beginning with the day on which this Act is passed.</p></content></subsection><subsection eId="section-215-4"><num>(4)</num><content><p>In this section “<term refersTo="#term-the-court" eId="term-the-court">the court</term>” means the High Court in England and Wales.</p></content></subsection></section></hcontainer>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-215"><num>215</num><heading>Report on costs orders for proceedings for civil recovery</heading><subsection eId="section-215-1"><num>(1)</num><content><p>The Secretary of State must assess whether it would be appropriate to restrict the court’s power to order that the costs of proceedings under Chapter 2 of Part 5 of the Proceeds of Crime Act 2002 are payable by an enforcement authority and, if so, how.</p></content></subsection><subsection eId="section-215-2"><num>(2)</num><content><p>In carrying out the assessment, the Secretary of State must consult such persons as the Secretary of State considers appropriate.</p></content></subsection><subsection eId="section-215-3"><num>(3)</num><content><p>The Secretary of State must publish and lay before Parliament a report on the outcome of the assessment by the end of the period of 12 months beginning with the day on which this Act is passed.</p></content></subsection><subsection eId="section-215-4"><num>(4)</num><content><p>In this section “<term refersTo="#term-the-court" eId="term-the-court">the court</term>” means the High Court in England and Wales.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-215-1"><num>(1)</num><content><p>The Secretary of State must assess whether it would be appropriate to restrict the court’s power to order that the costs of proceedings under Chapter 2 of Part 5 of the Proceeds of Crime Act 2002 are payable by an enforcement authority and, if so, how.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-215-2"><num>(2)</num><content><p>In carrying out the assessment, the Secretary of State must consult such persons as the Secretary of State considers appropriate.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-215-3"><num>(3)</num><content><p>The Secretary of State must publish and lay before Parliament a report on the outcome of the assessment by the end of the period of 12 months beginning with the day on which this Act is passed.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-215-4"><num>(4)</num><content><p>In this section “<term refersTo="#term-the-court" eId="term-the-court">the court</term>” means the High Court in England and Wales.</p></content></subsection>
<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="part-6"><num>PART 6</num><heading>General</heading><section eId="section-216"><num>216</num><heading>Power to make consequential provision</heading><subsection eId="section-216-1"><num>(1)</num><content><p>The Secretary of State may by regulations make provision that is consequential on this Act.</p></content></subsection><subsection eId="section-216-2"><num>(2)</num><intro><p>Regulations under this section may amend, repeal or revoke provision made by or under primary legislation passed—</p></intro><level class="para1" eId="section-216-2-a"><num>(a)</num><content><p>before this Act, or</p></content></level><level class="para1" eId="section-216-2-b"><num>(b)</num><content><p>later in the same session of Parliament as this Act.</p></content></level></subsection><subsection eId="section-216-3"><num>(3)</num><intro><p>In this section “<term refersTo="#term-primary-legislation" eId="term-primary-legislation">primary legislation</term>” means—</p></intro><level class="para1" eId="section-216-3-a"><num>(a)</num><content><p>an Act,</p></content></level><level class="para1" eId="section-216-3-b"><num>(b)</num><content><p>an Act or Measure of Senedd Cymru,</p></content></level><level class="para1" eId="section-216-3-c"><num>(c)</num><content><p>an Act of the Scottish Parliament, or</p></content></level><level class="para1" eId="section-216-3-d"><num>(d)</num><content><p>Northern Ireland legislation.</p></content></level></subsection></section><section eId="section-217"><num>217</num><heading>Regulations</heading><subsection eId="section-217-1"><num>(1)</num><intro><p>A power to make regulations under any provision of this Act includes power to make—</p></intro><level class="para1" eId="section-217-1-a"><num>(a)</num><content><p>consequential, supplementary, incidental, transitional or saving provision;</p></content></level><level class="para1" eId="section-217-1-b"><num>(b)</num><content><p>different provision for different purposes.</p></content></level></subsection><subsection eId="section-217-2"><num>(2)</num><content><p>Regulations made by the Secretary of State or the Lord Chancellor under this Act are to be made by statutory instrument.</p></content></subsection><subsection eId="section-217-3"><num>(3)</num><content><p>For regulations made under this Act by the Scottish Ministers, see section 27 of the Interpretation and Legislative Reform (Scotland) Act <ref eId="c00033" href="http://www.legislation.gov.uk/id/asp/2010/10">2010 (asp 10)</ref> (Scottish statutory instruments).</p></content></subsection><subsection eId="section-217-4"><num>(4)</num><content><p>Any power of the Department of Justice in Northern Ireland to make regulations under this Act is exercisable by statutory rule for the purposes of the Statutory Rules (Northern Ireland) Order 1979 (<ref eId="c00034" href="http://www.legislation.gov.uk/id/nisi/1979/1573">S.I. 1979/1573 (N.I. 12)</ref>).</p></content></subsection><subsection eId="section-217-5"><num>(5)</num><intro><p>A statutory instrument containing any of the following (whether alone or with other provision) may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament—</p></intro><level class="para1" eId="section-217-5-a"><num>(a)</num><content><p>regulations under section 37;</p></content></level><level class="para1" eId="section-217-5-b"><num>(b)</num><content><p>regulations under section 39;</p></content></level><level class="para1" eId="section-217-5-c"><num>(c)</num><content><p>regulations under section 153, unless they are regulations under that section that only make provision that corresponds or is similar to provision made or capable of being made by a statutory instrument that is itself subject to annulment in pursuance of a resolution of either House of Parliament;</p></content></level><level class="para1" eId="section-217-5-d"><num>(d)</num><content><p>regulations under section 178;</p></content></level><level class="para1" eId="section-217-5-e"><num>(e)</num><content><p>regulations under section 193;</p></content></level><level class="para1" eId="section-217-5-f"><num><noteRef href="#key-7c61a1dbb960f0daa1dc0bef92a46627" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>(f)</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></level><level class="para1" eId="section-217-5-g"><num>(g)</num><content><p>regulations made by the Secretary of State under section 200(1);</p></content></level><level class="para1" eId="section-217-5-h"><num>(h)</num><content><p>regulations under section 201(6) or (7);</p></content></level><level class="para1" eId="section-217-5-i"><num>(i)</num><content><p>regulations under section 216 that amend or repeal provision made by an Act.</p></content></level></subsection><subsection eId="section-217-6"><num>(6)</num><content><p>Any other statutory instrument containing regulations under this Act is subject to annulment in pursuance of a resolution of either House of Parliament.</p></content></subsection><subsection eId="section-217-7"><num>(7)</num><content><p>But subsection (6) does not apply to a statutory instrument that only contains regulations appointing the appointed day for the purposes of section 50.</p></content></subsection><subsection eId="section-217-8"><num>(8)</num><content><p>Regulations made by the Scottish Ministers under section <noteRef href="#key-12f1f546e7243d99ac3a220c3e3913ca" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>... 200(1) are subject to the affirmative procedure (see section 29 of the Interpretation and Legislative Reform (Scotland) Act <ref eId="c00035" href="http://www.legislation.gov.uk/id/asp/2010/10">2010 (asp 10)</ref>).</p></content></subsection><subsection eId="section-217-9"><num>(9)</num><content><p>Regulations made by the Department of Justice in Northern Ireland under section <noteRef href="#key-26297d747878d8b81ecb58fb08c1a7b0" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>... 200(1) may not be made unless a draft of the regulations has been laid before, and approved by a resolution of, the Northern Ireland Assembly.</p></content></subsection><subsection eId="section-217-10"><num>(10)</num><content><p>This section does not apply to regulations under sections 219 and 220.</p></content></subsection></section><section eId="section-218"><num>218</num><heading>Extent</heading><subsection eId="section-218-1"><num>(1)</num><content><p>This Act extends to England and Wales, Scotland and Northern Ireland, subject to subsections <ref href="#section-218-2">(2)</ref> and <ref href="#section-218-3">(3)</ref>.</p></content></subsection><subsection eId="section-218-2"><num>(2)</num><content><p>Sections 194 and 195 extend to England and Wales only.</p></content></subsection><subsection eId="section-218-3"><num>(3)</num><content><p>An amendment, repeal or revocation made by this Act has the same extent as the provision amended, repealed or revoked.</p></content></subsection></section><section eId="section-219"><num>219</num><heading>Commencement</heading><subsection eId="section-219-1"><num>(1)</num><content><p>Except as provided by subsections <ref href="#section-219-2">(2)</ref> to <ref href="#section-219-5">(5)</ref>, this Act comes into force on such day as the Secretary of State or the Lord Chancellor may by regulations made by statutory instrument appoint.</p></content></subsection><subsection eId="section-219-2"><num>(2)</num><intro><p>The following come into force on the day on which this Act is passed—</p></intro><level class="para1" eId="section-219-2-a"><num>(a)</num><content><p>this Part;</p></content></level><level class="para1" eId="section-219-2-b"><num>(b)</num><content><p>any provision of, or amendment made by, Parts 1 to 5 so far as it confers a power to make regulations or relates to the exercise of the power;</p></content></level><level class="para1" eId="section-219-2-c"><num>(c)</num><content><p>paragraph 1 of Schedule 9 so far as it inserts section 303Z25 into the Proceeds of Crime Act 2002;</p></content></level><level class="para1" eId="section-219-2-d"><num>(d)</num><content><p>paragraph 17 of Schedule 9 so far as it relates to that section;</p></content></level><level class="para1" eId="section-219-2-e"><num>(e)</num><content><p>section 180 so far as it relates to the provisions mentioned in paragraphs <ref href="#section-219-2-c">(c)</ref> and <ref href="#section-219-2-d">(d)</ref>;</p></content></level><level class="para1" eId="section-219-2-f"><num>(f)</num><content><p>section 182;</p></content></level><level class="para1" eId="section-219-2-g"><num>(g)</num><content><p>section 184;</p></content></level><level class="para1" eId="section-219-2-h"><num>(h)</num><content><p>section 185(12) and (13);</p></content></level><level class="para1" eId="section-219-2-i"><num>(i)</num><content><p>section 186(13) and (14).</p></content></level></subsection><subsection eId="section-219-3"><num>(3)</num><intro><p>The following come into force at the end of the period of 2 months beginning with the day on which this Act is passed—</p></intro><level class="para1" eId="section-219-3-a"><num>(a)</num><content><p>section 196 and Schedule 12;</p></content></level><level class="para1" eId="section-219-3-b"><num>(b)</num><content><p>section 197;</p></content></level><level class="para1" eId="section-219-3-c"><num>(c)</num><content><p>section 198;</p></content></level><level class="para1" eId="section-219-3-d"><num>(d)</num><content><p>section 213.</p></content></level></subsection><subsection eId="section-219-4"><num>(4)</num><intro><p>The following come into force (so far as not brought into force by subsection <ref href="#section-219-2-b">(2)(b)</ref>) on such day as the Scottish Ministers may by regulations appoint after consulting the Secretary of State—</p></intro><level class="para1" eId="section-219-4-a"><num>(a)</num><content><p>Part 2 of Schedule 8, and</p></content></level><level class="para1" eId="section-219-4-b"><num>(b)</num><content><p>section 179 so far as it relates to that Part.</p></content></level></subsection><subsection eId="section-219-5"><num>(5)</num><intro><p>The following come into force (so far as not brought into force by subsection <ref href="#section-219-2-b">(2)(b)</ref>) on such day as the Department of Justice in Northern Ireland may by order appoint after consulting the Secretary of State—</p></intro><level class="para1" eId="section-219-5-a"><num>(a)</num><content><p>Part 3 of Schedule 8, and</p></content></level><level class="para1" eId="section-219-5-b"><num>(b)</num><content><p>section 179 so far as it relates to that Part.</p></content></level></subsection><subsection eId="section-219-6"><num>(6)</num><intro><p>No regulations may be made under subsection <ref href="#section-219-1">(1)</ref> bringing into force any of the following provisions, so far as they extend to Scotland, unless the Secretary of State has consulted the Scottish Ministers—</p></intro><level class="para1" eId="section-219-6-a"><num>(a)</num><content><p>Schedule 9, and</p></content></level><level class="para1" eId="section-219-6-b"><num>(b)</num><content><p>section 180 so far as it relates to that Schedule.</p></content></level></subsection><subsection eId="section-219-7"><num>(7)</num><intro><p>No regulations may be made under subsection <ref href="#section-219-1">(1)</ref> bringing into force any of the following provisions, so far as they extend to Northern Ireland, unless the Secretary of State has consulted the Department of Justice in Northern Ireland—</p></intro><level class="para1" eId="section-219-7-a"><num>(a)</num><content><p>Schedule 9, other than paragraphs 6(7), 10 and 11, and</p></content></level><level class="para1" eId="section-219-7-b"><num>(b)</num><content><p>section 180 so far as it relates to that Schedule, other than paragraphs 6(7), 10 and 11.</p></content></level></subsection><subsection eId="section-219-8"><num>(8)</num><content><p>No regulations may be made under subsection <ref href="#section-219-1">(1)</ref> bringing into force section 199 unless the Secretary of State has published guidance under section 204(3).</p></content></subsection><subsection eId="section-219-9"><num>(9)</num><intro><p>Regulations under subsection <ref href="#section-219-1">(1)</ref> or <ref href="#section-219-4">(4)</ref>, and orders subsection <ref href="#section-219-5">(5)</ref>, may appoint different days for—</p></intro><level class="para1" eId="section-219-9-a"><num>(a)</num><content><p>different purposes, and</p></content></level><level class="para1" eId="section-219-9-b"><num>(b)</num><content><p>where regulations under subsection <ref href="#section-219-1">(1)</ref> appoint a day for the coming into force of any provision of Schedule 9 or 10, different areas.</p></content></level></subsection><subsection eId="section-219-10"><num>(10)</num><content><p>A power of the Department of Justice in Northern Ireland to make an order under subsection <ref href="#section-219-5">(5)</ref> is exercisable by statutory rule for the purposes of the Statutory Rules (Northern Ireland) Order 1979 (<ref eId="c00036" href="http://www.legislation.gov.uk/id/nisi/1979/1573">S.I. 1979/1573 (N.I. 12)</ref>).</p></content></subsection></section><section eId="section-220"><num>220</num><heading>Transitional provision</heading><subsection eId="section-220-1"><num>(1)</num><content><p>The Secretary of State may by regulations made by statutory instrument make transitional or saving provision in connection with the coming into force of any provision of this Act, other than a provision mentioned in section 219<ref href="#section-219-4">(4)</ref> or <ref href="#section-219-5">(5)</ref>.</p></content></subsection><subsection eId="section-220-2"><num>(2)</num><content><p>The Scottish Ministers may by regulations make transitional or saving provision in connection with the coming into force of a provision mentioned in section 219<ref href="#section-219-4">(4)</ref>.</p></content></subsection><subsection eId="section-220-3"><num>(3)</num><content><p>The Department of Justice in Northern Ireland may by order make transitional or saving provision in connection with the coming into force of a provision mentioned in section 219<ref href="#section-219-5">(5)</ref>.</p></content></subsection><subsection eId="section-220-4"><num>(4)</num><intro><p>The power to make regulations under subsection <ref href="#section-220-1">(1)</ref> or <ref href="#section-220-2">(2)</ref>, and the power to make orders under subsection <ref href="#section-220-3">(3)</ref>, includes power to make different provision for—</p></intro><level class="para1" eId="section-220-4-a"><num>(a)</num><content><p>different purposes, and</p></content></level><level class="para1" eId="section-220-4-b"><num>(b)</num><content><p>where regulations under subsection <ref href="#section-220-1">(1)</ref> make provision in connection with the coming into force of any provision of Schedule 9 or 10, different areas.</p></content></level></subsection><subsection eId="section-220-5"><num>(5)</num><content><p>Transitional provision and savings made under subsections <ref href="#section-220-1">(1)</ref> to <ref href="#section-220-3">(3)</ref> are additional, and without prejudice, to those made by or under any other provision of this Act.</p></content></subsection><subsection eId="section-220-6"><num>(6)</num><content><p>A power of the Department of Justice in Northern Ireland to make an order under subsection <ref href="#section-220-3">(3)</ref> is exercisable by statutory rule for the purposes of the Statutory Rules (Northern Ireland) Order 1979 (<ref eId="c00037" href="http://www.legislation.gov.uk/id/nisi/1979/1573">S.I. 1979/1573 (N.I. 12)</ref>).</p></content></subsection></section><section eId="section-221"><num>221</num><heading>Short title</heading><content><p>This Act may be cited as the Economic Crime and Corporate Transparency Act 2023.</p></content></section></part>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-216"><num>216</num><heading>Power to make consequential provision</heading><subsection eId="section-216-1"><num>(1)</num><content><p>The Secretary of State may by regulations make provision that is consequential on this Act.</p></content></subsection><subsection eId="section-216-2"><num>(2)</num><intro><p>Regulations under this section may amend, repeal or revoke provision made by or under primary legislation passed—</p></intro><level class="para1" eId="section-216-2-a"><num>(a)</num><content><p>before this Act, or</p></content></level><level class="para1" eId="section-216-2-b"><num>(b)</num><content><p>later in the same session of Parliament as this Act.</p></content></level></subsection><subsection eId="section-216-3"><num>(3)</num><intro><p>In this section “<term refersTo="#term-primary-legislation" eId="term-primary-legislation">primary legislation</term>” means—</p></intro><level class="para1" eId="section-216-3-a"><num>(a)</num><content><p>an Act,</p></content></level><level class="para1" eId="section-216-3-b"><num>(b)</num><content><p>an Act or Measure of Senedd Cymru,</p></content></level><level class="para1" eId="section-216-3-c"><num>(c)</num><content><p>an Act of the Scottish Parliament, or</p></content></level><level class="para1" eId="section-216-3-d"><num>(d)</num><content><p>Northern Ireland legislation.</p></content></level></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-216-1"><num>(1)</num><content><p>The Secretary of State may by regulations make provision that is consequential on this Act.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-216-2"><num>(2)</num><intro><p>Regulations under this section may amend, repeal or revoke provision made by or under primary legislation passed—</p></intro><level class="para1" eId="section-216-2-a"><num>(a)</num><content><p>before this Act, or</p></content></level><level class="para1" eId="section-216-2-b"><num>(b)</num><content><p>later in the same session of Parliament as this Act.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-216-2-a"><num>(a)</num><content><p>before this Act, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-216-2-b"><num>(b)</num><content><p>later in the same session of Parliament as this Act.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-216-3"><num>(3)</num><intro><p>In this section “<term refersTo="#term-primary-legislation" eId="term-primary-legislation">primary legislation</term>” means—</p></intro><level class="para1" eId="section-216-3-a"><num>(a)</num><content><p>an Act,</p></content></level><level class="para1" eId="section-216-3-b"><num>(b)</num><content><p>an Act or Measure of Senedd Cymru,</p></content></level><level class="para1" eId="section-216-3-c"><num>(c)</num><content><p>an Act of the Scottish Parliament, or</p></content></level><level class="para1" eId="section-216-3-d"><num>(d)</num><content><p>Northern Ireland legislation.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-216-3-a"><num>(a)</num><content><p>an Act,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-216-3-b"><num>(b)</num><content><p>an Act or Measure of Senedd Cymru,</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-216-3-c"><num>(c)</num><content><p>an Act of the Scottish Parliament, or</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-216-3-d"><num>(d)</num><content><p>Northern Ireland legislation.</p></content></level>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-217"><num>217</num><heading>Regulations</heading><subsection eId="section-217-1"><num>(1)</num><intro><p>A power to make regulations under any provision of this Act includes power to make—</p></intro><level class="para1" eId="section-217-1-a"><num>(a)</num><content><p>consequential, supplementary, incidental, transitional or saving provision;</p></content></level><level class="para1" eId="section-217-1-b"><num>(b)</num><content><p>different provision for different purposes.</p></content></level></subsection><subsection eId="section-217-2"><num>(2)</num><content><p>Regulations made by the Secretary of State or the Lord Chancellor under this Act are to be made by statutory instrument.</p></content></subsection><subsection eId="section-217-3"><num>(3)</num><content><p>For regulations made under this Act by the Scottish Ministers, see section 27 of the Interpretation and Legislative Reform (Scotland) Act <ref eId="c00033" href="http://www.legislation.gov.uk/id/asp/2010/10">2010 (asp 10)</ref> (Scottish statutory instruments).</p></content></subsection><subsection eId="section-217-4"><num>(4)</num><content><p>Any power of the Department of Justice in Northern Ireland to make regulations under this Act is exercisable by statutory rule for the purposes of the Statutory Rules (Northern Ireland) Order 1979 (<ref eId="c00034" href="http://www.legislation.gov.uk/id/nisi/1979/1573">S.I. 1979/1573 (N.I. 12)</ref>).</p></content></subsection><subsection eId="section-217-5"><num>(5)</num><intro><p>A statutory instrument containing any of the following (whether alone or with other provision) may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament—</p></intro><level class="para1" eId="section-217-5-a"><num>(a)</num><content><p>regulations under section 37;</p></content></level><level class="para1" eId="section-217-5-b"><num>(b)</num><content><p>regulations under section 39;</p></content></level><level class="para1" eId="section-217-5-c"><num>(c)</num><content><p>regulations under section 153, unless they are regulations under that section that only make provision that corresponds or is similar to provision made or capable of being made by a statutory instrument that is itself subject to annulment in pursuance of a resolution of either House of Parliament;</p></content></level><level class="para1" eId="section-217-5-d"><num>(d)</num><content><p>regulations under section 178;</p></content></level><level class="para1" eId="section-217-5-e"><num>(e)</num><content><p>regulations under section 193;</p></content></level><level class="para1" eId="section-217-5-f"><num><noteRef href="#key-7c61a1dbb960f0daa1dc0bef92a46627" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>(f)</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></level><level class="para1" eId="section-217-5-g"><num>(g)</num><content><p>regulations made by the Secretary of State under section 200(1);</p></content></level><level class="para1" eId="section-217-5-h"><num>(h)</num><content><p>regulations under section 201(6) or (7);</p></content></level><level class="para1" eId="section-217-5-i"><num>(i)</num><content><p>regulations under section 216 that amend or repeal provision made by an Act.</p></content></level></subsection><subsection eId="section-217-6"><num>(6)</num><content><p>Any other statutory instrument containing regulations under this Act is subject to annulment in pursuance of a resolution of either House of Parliament.</p></content></subsection><subsection eId="section-217-7"><num>(7)</num><content><p>But subsection (6) does not apply to a statutory instrument that only contains regulations appointing the appointed day for the purposes of section 50.</p></content></subsection><subsection eId="section-217-8"><num>(8)</num><content><p>Regulations made by the Scottish Ministers under section <noteRef href="#key-12f1f546e7243d99ac3a220c3e3913ca" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>... 200(1) are subject to the affirmative procedure (see section 29 of the Interpretation and Legislative Reform (Scotland) Act <ref eId="c00035" href="http://www.legislation.gov.uk/id/asp/2010/10">2010 (asp 10)</ref>).</p></content></subsection><subsection eId="section-217-9"><num>(9)</num><content><p>Regulations made by the Department of Justice in Northern Ireland under section <noteRef href="#key-26297d747878d8b81ecb58fb08c1a7b0" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>... 200(1) may not be made unless a draft of the regulations has been laid before, and approved by a resolution of, the Northern Ireland Assembly.</p></content></subsection><subsection eId="section-217-10"><num>(10)</num><content><p>This section does not apply to regulations under sections 219 and 220.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-217-1"><num>(1)</num><intro><p>A power to make regulations under any provision of this Act includes power to make—</p></intro><level class="para1" eId="section-217-1-a"><num>(a)</num><content><p>consequential, supplementary, incidental, transitional or saving provision;</p></content></level><level class="para1" eId="section-217-1-b"><num>(b)</num><content><p>different provision for different purposes.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-217-1-a"><num>(a)</num><content><p>consequential, supplementary, incidental, transitional or saving provision;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-217-1-b"><num>(b)</num><content><p>different provision for different purposes.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-217-2"><num>(2)</num><content><p>Regulations made by the Secretary of State or the Lord Chancellor under this Act are to be made by statutory instrument.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-217-3"><num>(3)</num><content><p>For regulations made under this Act by the Scottish Ministers, see section 27 of the Interpretation and Legislative Reform (Scotland) Act <ref eId="c00033" href="http://www.legislation.gov.uk/id/asp/2010/10">2010 (asp 10)</ref> (Scottish statutory instruments).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-217-4"><num>(4)</num><content><p>Any power of the Department of Justice in Northern Ireland to make regulations under this Act is exercisable by statutory rule for the purposes of the Statutory Rules (Northern Ireland) Order 1979 (<ref eId="c00034" href="http://www.legislation.gov.uk/id/nisi/1979/1573">S.I. 1979/1573 (N.I. 12)</ref>).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-217-5"><num>(5)</num><intro><p>A statutory instrument containing any of the following (whether alone or with other provision) may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament—</p></intro><level class="para1" eId="section-217-5-a"><num>(a)</num><content><p>regulations under section 37;</p></content></level><level class="para1" eId="section-217-5-b"><num>(b)</num><content><p>regulations under section 39;</p></content></level><level class="para1" eId="section-217-5-c"><num>(c)</num><content><p>regulations under section 153, unless they are regulations under that section that only make provision that corresponds or is similar to provision made or capable of being made by a statutory instrument that is itself subject to annulment in pursuance of a resolution of either House of Parliament;</p></content></level><level class="para1" eId="section-217-5-d"><num>(d)</num><content><p>regulations under section 178;</p></content></level><level class="para1" eId="section-217-5-e"><num>(e)</num><content><p>regulations under section 193;</p></content></level><level class="para1" eId="section-217-5-f"><num><noteRef href="#key-7c61a1dbb960f0daa1dc0bef92a46627" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>(f)</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></level><level class="para1" eId="section-217-5-g"><num>(g)</num><content><p>regulations made by the Secretary of State under section 200(1);</p></content></level><level class="para1" eId="section-217-5-h"><num>(h)</num><content><p>regulations under section 201(6) or (7);</p></content></level><level class="para1" eId="section-217-5-i"><num>(i)</num><content><p>regulations under section 216 that amend or repeal provision made by an Act.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-217-5-a"><num>(a)</num><content><p>regulations under section 37;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-217-5-b"><num>(b)</num><content><p>regulations under section 39;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-217-5-c"><num>(c)</num><content><p>regulations under section 153, unless they are regulations under that section that only make provision that corresponds or is similar to provision made or capable of being made by a statutory instrument that is itself subject to annulment in pursuance of a resolution of either House of Parliament;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-217-5-d"><num>(d)</num><content><p>regulations under section 178;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-217-5-e"><num>(e)</num><content><p>regulations under section 193;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-217-5-f"><num><noteRef href="#key-7c61a1dbb960f0daa1dc0bef92a46627" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>(f)</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-217-5-g"><num>(g)</num><content><p>regulations made by the Secretary of State under section 200(1);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-217-5-h"><num>(h)</num><content><p>regulations under section 201(6) or (7);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-217-5-i"><num>(i)</num><content><p>regulations under section 216 that amend or repeal provision made by an Act.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-217-6"><num>(6)</num><content><p>Any other statutory instrument containing regulations under this Act is subject to annulment in pursuance of a resolution of either House of Parliament.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-217-7"><num>(7)</num><content><p>But subsection (6) does not apply to a statutory instrument that only contains regulations appointing the appointed day for the purposes of section 50.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-217-8"><num>(8)</num><content><p>Regulations made by the Scottish Ministers under section <noteRef href="#key-12f1f546e7243d99ac3a220c3e3913ca" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>... 200(1) are subject to the affirmative procedure (see section 29 of the Interpretation and Legislative Reform (Scotland) Act <ref eId="c00035" href="http://www.legislation.gov.uk/id/asp/2010/10">2010 (asp 10)</ref>).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-217-9"><num>(9)</num><content><p>Regulations made by the Department of Justice in Northern Ireland under section <noteRef href="#key-26297d747878d8b81ecb58fb08c1a7b0" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>... 200(1) may not be made unless a draft of the regulations has been laid before, and approved by a resolution of, the Northern Ireland Assembly.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-217-10"><num>(10)</num><content><p>This section does not apply to regulations under sections 219 and 220.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-218"><num>218</num><heading>Extent</heading><subsection eId="section-218-1"><num>(1)</num><content><p>This Act extends to England and Wales, Scotland and Northern Ireland, subject to subsections <ref href="#section-218-2">(2)</ref> and <ref href="#section-218-3">(3)</ref>.</p></content></subsection><subsection eId="section-218-2"><num>(2)</num><content><p>Sections 194 and 195 extend to England and Wales only.</p></content></subsection><subsection eId="section-218-3"><num>(3)</num><content><p>An amendment, repeal or revocation made by this Act has the same extent as the provision amended, repealed or revoked.</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-218-1"><num>(1)</num><content><p>This Act extends to England and Wales, Scotland and Northern Ireland, subject to subsections <ref href="#section-218-2">(2)</ref> and <ref href="#section-218-3">(3)</ref>.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-218-2"><num>(2)</num><content><p>Sections 194 and 195 extend to England and Wales only.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-218-3"><num>(3)</num><content><p>An amendment, repeal or revocation made by this Act has the same extent as the provision amended, repealed or revoked.</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-219"><num>219</num><heading>Commencement</heading><subsection eId="section-219-1"><num>(1)</num><content><p>Except as provided by subsections <ref href="#section-219-2">(2)</ref> to <ref href="#section-219-5">(5)</ref>, this Act comes into force on such day as the Secretary of State or the Lord Chancellor may by regulations made by statutory instrument appoint.</p></content></subsection><subsection eId="section-219-2"><num>(2)</num><intro><p>The following come into force on the day on which this Act is passed—</p></intro><level class="para1" eId="section-219-2-a"><num>(a)</num><content><p>this Part;</p></content></level><level class="para1" eId="section-219-2-b"><num>(b)</num><content><p>any provision of, or amendment made by, Parts 1 to 5 so far as it confers a power to make regulations or relates to the exercise of the power;</p></content></level><level class="para1" eId="section-219-2-c"><num>(c)</num><content><p>paragraph 1 of Schedule 9 so far as it inserts section 303Z25 into the Proceeds of Crime Act 2002;</p></content></level><level class="para1" eId="section-219-2-d"><num>(d)</num><content><p>paragraph 17 of Schedule 9 so far as it relates to that section;</p></content></level><level class="para1" eId="section-219-2-e"><num>(e)</num><content><p>section 180 so far as it relates to the provisions mentioned in paragraphs <ref href="#section-219-2-c">(c)</ref> and <ref href="#section-219-2-d">(d)</ref>;</p></content></level><level class="para1" eId="section-219-2-f"><num>(f)</num><content><p>section 182;</p></content></level><level class="para1" eId="section-219-2-g"><num>(g)</num><content><p>section 184;</p></content></level><level class="para1" eId="section-219-2-h"><num>(h)</num><content><p>section 185(12) and (13);</p></content></level><level class="para1" eId="section-219-2-i"><num>(i)</num><content><p>section 186(13) and (14).</p></content></level></subsection><subsection eId="section-219-3"><num>(3)</num><intro><p>The following come into force at the end of the period of 2 months beginning with the day on which this Act is passed—</p></intro><level class="para1" eId="section-219-3-a"><num>(a)</num><content><p>section 196 and Schedule 12;</p></content></level><level class="para1" eId="section-219-3-b"><num>(b)</num><content><p>section 197;</p></content></level><level class="para1" eId="section-219-3-c"><num>(c)</num><content><p>section 198;</p></content></level><level class="para1" eId="section-219-3-d"><num>(d)</num><content><p>section 213.</p></content></level></subsection><subsection eId="section-219-4"><num>(4)</num><intro><p>The following come into force (so far as not brought into force by subsection <ref href="#section-219-2-b">(2)(b)</ref>) on such day as the Scottish Ministers may by regulations appoint after consulting the Secretary of State—</p></intro><level class="para1" eId="section-219-4-a"><num>(a)</num><content><p>Part 2 of Schedule 8, and</p></content></level><level class="para1" eId="section-219-4-b"><num>(b)</num><content><p>section 179 so far as it relates to that Part.</p></content></level></subsection><subsection eId="section-219-5"><num>(5)</num><intro><p>The following come into force (so far as not brought into force by subsection <ref href="#section-219-2-b">(2)(b)</ref>) on such day as the Department of Justice in Northern Ireland may by order appoint after consulting the Secretary of State—</p></intro><level class="para1" eId="section-219-5-a"><num>(a)</num><content><p>Part 3 of Schedule 8, and</p></content></level><level class="para1" eId="section-219-5-b"><num>(b)</num><content><p>section 179 so far as it relates to that Part.</p></content></level></subsection><subsection eId="section-219-6"><num>(6)</num><intro><p>No regulations may be made under subsection <ref href="#section-219-1">(1)</ref> bringing into force any of the following provisions, so far as they extend to Scotland, unless the Secretary of State has consulted the Scottish Ministers—</p></intro><level class="para1" eId="section-219-6-a"><num>(a)</num><content><p>Schedule 9, and</p></content></level><level class="para1" eId="section-219-6-b"><num>(b)</num><content><p>section 180 so far as it relates to that Schedule.</p></content></level></subsection><subsection eId="section-219-7"><num>(7)</num><intro><p>No regulations may be made under subsection <ref href="#section-219-1">(1)</ref> bringing into force any of the following provisions, so far as they extend to Northern Ireland, unless the Secretary of State has consulted the Department of Justice in Northern Ireland—</p></intro><level class="para1" eId="section-219-7-a"><num>(a)</num><content><p>Schedule 9, other than paragraphs 6(7), 10 and 11, and</p></content></level><level class="para1" eId="section-219-7-b"><num>(b)</num><content><p>section 180 so far as it relates to that Schedule, other than paragraphs 6(7), 10 and 11.</p></content></level></subsection><subsection eId="section-219-8"><num>(8)</num><content><p>No regulations may be made under subsection <ref href="#section-219-1">(1)</ref> bringing into force section 199 unless the Secretary of State has published guidance under section 204(3).</p></content></subsection><subsection eId="section-219-9"><num>(9)</num><intro><p>Regulations under subsection <ref href="#section-219-1">(1)</ref> or <ref href="#section-219-4">(4)</ref>, and orders subsection <ref href="#section-219-5">(5)</ref>, may appoint different days for—</p></intro><level class="para1" eId="section-219-9-a"><num>(a)</num><content><p>different purposes, and</p></content></level><level class="para1" eId="section-219-9-b"><num>(b)</num><content><p>where regulations under subsection <ref href="#section-219-1">(1)</ref> appoint a day for the coming into force of any provision of Schedule 9 or 10, different areas.</p></content></level></subsection><subsection eId="section-219-10"><num>(10)</num><content><p>A power of the Department of Justice in Northern Ireland to make an order under subsection <ref href="#section-219-5">(5)</ref> is exercisable by statutory rule for the purposes of the Statutory Rules (Northern Ireland) Order 1979 (<ref eId="c00036" href="http://www.legislation.gov.uk/id/nisi/1979/1573">S.I. 1979/1573 (N.I. 12)</ref>).</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-219-1"><num>(1)</num><content><p>Except as provided by subsections <ref href="#section-219-2">(2)</ref> to <ref href="#section-219-5">(5)</ref>, this Act comes into force on such day as the Secretary of State or the Lord Chancellor may by regulations made by statutory instrument appoint.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-219-2"><num>(2)</num><intro><p>The following come into force on the day on which this Act is passed—</p></intro><level class="para1" eId="section-219-2-a"><num>(a)</num><content><p>this Part;</p></content></level><level class="para1" eId="section-219-2-b"><num>(b)</num><content><p>any provision of, or amendment made by, Parts 1 to 5 so far as it confers a power to make regulations or relates to the exercise of the power;</p></content></level><level class="para1" eId="section-219-2-c"><num>(c)</num><content><p>paragraph 1 of Schedule 9 so far as it inserts section 303Z25 into the Proceeds of Crime Act 2002;</p></content></level><level class="para1" eId="section-219-2-d"><num>(d)</num><content><p>paragraph 17 of Schedule 9 so far as it relates to that section;</p></content></level><level class="para1" eId="section-219-2-e"><num>(e)</num><content><p>section 180 so far as it relates to the provisions mentioned in paragraphs <ref href="#section-219-2-c">(c)</ref> and <ref href="#section-219-2-d">(d)</ref>;</p></content></level><level class="para1" eId="section-219-2-f"><num>(f)</num><content><p>section 182;</p></content></level><level class="para1" eId="section-219-2-g"><num>(g)</num><content><p>section 184;</p></content></level><level class="para1" eId="section-219-2-h"><num>(h)</num><content><p>section 185(12) and (13);</p></content></level><level class="para1" eId="section-219-2-i"><num>(i)</num><content><p>section 186(13) and (14).</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-219-2-a"><num>(a)</num><content><p>this Part;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-219-2-b"><num>(b)</num><content><p>any provision of, or amendment made by, Parts 1 to 5 so far as it confers a power to make regulations or relates to the exercise of the power;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-219-2-c"><num>(c)</num><content><p>paragraph 1 of Schedule 9 so far as it inserts section 303Z25 into the Proceeds of Crime Act 2002;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-219-2-d"><num>(d)</num><content><p>paragraph 17 of Schedule 9 so far as it relates to that section;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-219-2-e"><num>(e)</num><content><p>section 180 so far as it relates to the provisions mentioned in paragraphs <ref href="#section-219-2-c">(c)</ref> and <ref href="#section-219-2-d">(d)</ref>;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-219-2-f"><num>(f)</num><content><p>section 182;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-219-2-g"><num>(g)</num><content><p>section 184;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-219-2-h"><num>(h)</num><content><p>section 185(12) and (13);</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-219-2-i"><num>(i)</num><content><p>section 186(13) and (14).</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-219-3"><num>(3)</num><intro><p>The following come into force at the end of the period of 2 months beginning with the day on which this Act is passed—</p></intro><level class="para1" eId="section-219-3-a"><num>(a)</num><content><p>section 196 and Schedule 12;</p></content></level><level class="para1" eId="section-219-3-b"><num>(b)</num><content><p>section 197;</p></content></level><level class="para1" eId="section-219-3-c"><num>(c)</num><content><p>section 198;</p></content></level><level class="para1" eId="section-219-3-d"><num>(d)</num><content><p>section 213.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-219-3-a"><num>(a)</num><content><p>section 196 and Schedule 12;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-219-3-b"><num>(b)</num><content><p>section 197;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-219-3-c"><num>(c)</num><content><p>section 198;</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-219-3-d"><num>(d)</num><content><p>section 213.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-219-4"><num>(4)</num><intro><p>The following come into force (so far as not brought into force by subsection <ref href="#section-219-2-b">(2)(b)</ref>) on such day as the Scottish Ministers may by regulations appoint after consulting the Secretary of State—</p></intro><level class="para1" eId="section-219-4-a"><num>(a)</num><content><p>Part 2 of Schedule 8, and</p></content></level><level class="para1" eId="section-219-4-b"><num>(b)</num><content><p>section 179 so far as it relates to that Part.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-219-4-a"><num>(a)</num><content><p>Part 2 of Schedule 8, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-219-4-b"><num>(b)</num><content><p>section 179 so far as it relates to that Part.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-219-5"><num>(5)</num><intro><p>The following come into force (so far as not brought into force by subsection <ref href="#section-219-2-b">(2)(b)</ref>) on such day as the Department of Justice in Northern Ireland may by order appoint after consulting the Secretary of State—</p></intro><level class="para1" eId="section-219-5-a"><num>(a)</num><content><p>Part 3 of Schedule 8, and</p></content></level><level class="para1" eId="section-219-5-b"><num>(b)</num><content><p>section 179 so far as it relates to that Part.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-219-5-a"><num>(a)</num><content><p>Part 3 of Schedule 8, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-219-5-b"><num>(b)</num><content><p>section 179 so far as it relates to that Part.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-219-6"><num>(6)</num><intro><p>No regulations may be made under subsection <ref href="#section-219-1">(1)</ref> bringing into force any of the following provisions, so far as they extend to Scotland, unless the Secretary of State has consulted the Scottish Ministers—</p></intro><level class="para1" eId="section-219-6-a"><num>(a)</num><content><p>Schedule 9, and</p></content></level><level class="para1" eId="section-219-6-b"><num>(b)</num><content><p>section 180 so far as it relates to that Schedule.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-219-6-a"><num>(a)</num><content><p>Schedule 9, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-219-6-b"><num>(b)</num><content><p>section 180 so far as it relates to that Schedule.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-219-7"><num>(7)</num><intro><p>No regulations may be made under subsection <ref href="#section-219-1">(1)</ref> bringing into force any of the following provisions, so far as they extend to Northern Ireland, unless the Secretary of State has consulted the Department of Justice in Northern Ireland—</p></intro><level class="para1" eId="section-219-7-a"><num>(a)</num><content><p>Schedule 9, other than paragraphs 6(7), 10 and 11, and</p></content></level><level class="para1" eId="section-219-7-b"><num>(b)</num><content><p>section 180 so far as it relates to that Schedule, other than paragraphs 6(7), 10 and 11.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-219-7-a"><num>(a)</num><content><p>Schedule 9, other than paragraphs 6(7), 10 and 11, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-219-7-b"><num>(b)</num><content><p>section 180 so far as it relates to that Schedule, other than paragraphs 6(7), 10 and 11.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-219-8"><num>(8)</num><content><p>No regulations may be made under subsection <ref href="#section-219-1">(1)</ref> bringing into force section 199 unless the Secretary of State has published guidance under section 204(3).</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-219-9"><num>(9)</num><intro><p>Regulations under subsection <ref href="#section-219-1">(1)</ref> or <ref href="#section-219-4">(4)</ref>, and orders subsection <ref href="#section-219-5">(5)</ref>, may appoint different days for—</p></intro><level class="para1" eId="section-219-9-a"><num>(a)</num><content><p>different purposes, and</p></content></level><level class="para1" eId="section-219-9-b"><num>(b)</num><content><p>where regulations under subsection <ref href="#section-219-1">(1)</ref> appoint a day for the coming into force of any provision of Schedule 9 or 10, different areas.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-219-9-a"><num>(a)</num><content><p>different purposes, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-219-9-b"><num>(b)</num><content><p>where regulations under subsection <ref href="#section-219-1">(1)</ref> appoint a day for the coming into force of any provision of Schedule 9 or 10, different areas.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-219-10"><num>(10)</num><content><p>A power of the Department of Justice in Northern Ireland to make an order under subsection <ref href="#section-219-5">(5)</ref> is exercisable by statutory rule for the purposes of the Statutory Rules (Northern Ireland) Order 1979 (<ref eId="c00036" href="http://www.legislation.gov.uk/id/nisi/1979/1573">S.I. 1979/1573 (N.I. 12)</ref>).</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-220"><num>220</num><heading>Transitional provision</heading><subsection eId="section-220-1"><num>(1)</num><content><p>The Secretary of State may by regulations made by statutory instrument make transitional or saving provision in connection with the coming into force of any provision of this Act, other than a provision mentioned in section 219<ref href="#section-219-4">(4)</ref> or <ref href="#section-219-5">(5)</ref>.</p></content></subsection><subsection eId="section-220-2"><num>(2)</num><content><p>The Scottish Ministers may by regulations make transitional or saving provision in connection with the coming into force of a provision mentioned in section 219<ref href="#section-219-4">(4)</ref>.</p></content></subsection><subsection eId="section-220-3"><num>(3)</num><content><p>The Department of Justice in Northern Ireland may by order make transitional or saving provision in connection with the coming into force of a provision mentioned in section 219<ref href="#section-219-5">(5)</ref>.</p></content></subsection><subsection eId="section-220-4"><num>(4)</num><intro><p>The power to make regulations under subsection <ref href="#section-220-1">(1)</ref> or <ref href="#section-220-2">(2)</ref>, and the power to make orders under subsection <ref href="#section-220-3">(3)</ref>, includes power to make different provision for—</p></intro><level class="para1" eId="section-220-4-a"><num>(a)</num><content><p>different purposes, and</p></content></level><level class="para1" eId="section-220-4-b"><num>(b)</num><content><p>where regulations under subsection <ref href="#section-220-1">(1)</ref> make provision in connection with the coming into force of any provision of Schedule 9 or 10, different areas.</p></content></level></subsection><subsection eId="section-220-5"><num>(5)</num><content><p>Transitional provision and savings made under subsections <ref href="#section-220-1">(1)</ref> to <ref href="#section-220-3">(3)</ref> are additional, and without prejudice, to those made by or under any other provision of this Act.</p></content></subsection><subsection eId="section-220-6"><num>(6)</num><content><p>A power of the Department of Justice in Northern Ireland to make an order under subsection <ref href="#section-220-3">(3)</ref> is exercisable by statutory rule for the purposes of the Statutory Rules (Northern Ireland) Order 1979 (<ref eId="c00037" href="http://www.legislation.gov.uk/id/nisi/1979/1573">S.I. 1979/1573 (N.I. 12)</ref>).</p></content></subsection></section>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-220-1"><num>(1)</num><content><p>The Secretary of State may by regulations made by statutory instrument make transitional or saving provision in connection with the coming into force of any provision of this Act, other than a provision mentioned in section 219<ref href="#section-219-4">(4)</ref> or <ref href="#section-219-5">(5)</ref>.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-220-2"><num>(2)</num><content><p>The Scottish Ministers may by regulations make transitional or saving provision in connection with the coming into force of a provision mentioned in section 219<ref href="#section-219-4">(4)</ref>.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-220-3"><num>(3)</num><content><p>The Department of Justice in Northern Ireland may by order make transitional or saving provision in connection with the coming into force of a provision mentioned in section 219<ref href="#section-219-5">(5)</ref>.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-220-4"><num>(4)</num><intro><p>The power to make regulations under subsection <ref href="#section-220-1">(1)</ref> or <ref href="#section-220-2">(2)</ref>, and the power to make orders under subsection <ref href="#section-220-3">(3)</ref>, includes power to make different provision for—</p></intro><level class="para1" eId="section-220-4-a"><num>(a)</num><content><p>different purposes, and</p></content></level><level class="para1" eId="section-220-4-b"><num>(b)</num><content><p>where regulations under subsection <ref href="#section-220-1">(1)</ref> make provision in connection with the coming into force of any provision of Schedule 9 or 10, different areas.</p></content></level></subsection>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-220-4-a"><num>(a)</num><content><p>different purposes, and</p></content></level>
<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-220-4-b"><num>(b)</num><content><p>where regulations under subsection <ref href="#section-220-1">(1)</ref> make provision in connection with the coming into force of any provision of Schedule 9 or 10, different areas.</p></content></level>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-220-5"><num>(5)</num><content><p>Transitional provision and savings made under subsections <ref href="#section-220-1">(1)</ref> to <ref href="#section-220-3">(3)</ref> are additional, and without prejudice, to those made by or under any other provision of this Act.</p></content></subsection>
<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-220-6"><num>(6)</num><content><p>A power of the Department of Justice in Northern Ireland to make an order under subsection <ref href="#section-220-3">(3)</ref> is exercisable by statutory rule for the purposes of the Statutory Rules (Northern Ireland) Order 1979 (<ref eId="c00037" href="http://www.legislation.gov.uk/id/nisi/1979/1573">S.I. 1979/1573 (N.I. 12)</ref>).</p></content></subsection>
<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-221"><num>221</num><heading>Short title</heading><content><p>This Act may be cited as the Economic Crime and Corporate Transparency Act 2023.</p></content></section>
<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" name="schedules" eId="schedules"><heading>SCHEDULES</heading><hcontainer name="schedule" eId="schedule-1"><num>SCHEDULE 1<authorialNote class="referenceNote"><p>Section 49</p></authorialNote></num><heading>Register of members: consequential amendments</heading><paragraph eId="schedule-1-paragraph-1" class="schProv1"><num>1</num><content><p>The Companies Act 2006 is amended as follows.</p></content></paragraph><paragraph eId="schedule-1-paragraph-2" class="schProv1"><num>2</num><content><p>In section 112 (the members of a company), omit subsection (3).</p></content></paragraph><paragraph eId="schedule-1-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-1-paragraph-3-1"><num>(1)</num><content><p>Section 127 (register to be evidence) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-1-paragraph-3-2"><num>(2)</num><content><p>The existing text becomes subsection (1).</p></content></subparagraph><subparagraph eId="schedule-1-paragraph-3-3"><num>(3)</num><content><p><mod>In that subsection “for section 128H” substitute <quotedText>“subsection (2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-1-paragraph-3-4"><num>(4)</num><content><p><mod>After that subsection insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><content><p>The central register is prima facie evidence of any matters about which a company was required to deliver information to the registrar under Chapter 2A by virtue of an election under section 128B at any time before the repeal of that Chapter (including that section) by the Economic Crime and Corporate Transparency Act 2023.</p></content></subsection><subsection><num>(3)</num><content><p>Subsection <ref href="#schedule-1-paragraph-3-2">(2)</ref> does not apply to information required to be included in a statement under section 128B(5)(b) or in any updated statement under section 128B(6) before their repeal by that Act.</p></content></subsection><subsection><num>(4)</num><content><p>In this section “<term refersTo="#term-the-central-register">the central register</term>” means the register kept by the registrar (see section 1080).</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-1-paragraph-4" class="schProv1"><num>4</num><content><p>In section 129 (overseas branch registers), omit subsection (6).</p></content></paragraph><paragraph eId="schedule-1-paragraph-5" class="schProv1"><num>5</num><content><p>In section 286 (votes of joint holders of shares), in subsection (2), omit the words from “(or” to “section 1080)”.</p></content></paragraph><paragraph eId="schedule-1-paragraph-6" class="schProv1"><num>6</num><content><p>In section 311 (contents of notices of meetings), in subsection (3)(b)(i), omit the words from “(or” to “section 1080)”.</p></content></paragraph><paragraph eId="schedule-1-paragraph-7" class="schProv1"><num>7</num><content><p>In section 360B (traded companies: requirements for participating in and voting at general meetings), omit subsection (5).</p></content></paragraph><paragraph eId="schedule-1-paragraph-8" class="schProv1"><num>8</num><content><p>In section 554 (registration of allotment), omit subsection (2A).</p></content></paragraph><paragraph eId="schedule-1-paragraph-9" class="schProv1"><num>9</num><content><p>In section 558 (when shares are allotted), omit the words from “(or” to “registrar)”.</p></content></paragraph><paragraph eId="schedule-1-paragraph-10" class="schProv1"><num>10</num><content><p>In section 588 (liability of subsequent holders of shares), in subsection (3)(a), omit the words from “(or” to “registrar)”.</p></content></paragraph><paragraph eId="schedule-1-paragraph-11" class="schProv1"><num>11</num><content><p>In section 605 (liability of subsequent holders of shares), in subsection (4)(a), omit the words from “(or” to “registrar)”.</p></content></paragraph><paragraph eId="schedule-1-paragraph-12" class="schProv1"><num>12</num><content><p>In section 616 (interpretation of Chapter 7), in subsection (3), omit the words from “(or” to “registrar)”.</p></content></paragraph><paragraph eId="schedule-1-paragraph-13" class="schProv1"><num>13</num><content><p>In section 655 (shares no bar to damages against company), omit the words from “(or” to “registrar)”.</p></content></paragraph><paragraph eId="schedule-1-paragraph-14" class="schProv1"><num>14</num><content><p>In section 724 (Treasury shares), in subsection (4), omit the words from “(or” to “Part 8)”.</p></content></paragraph><paragraph eId="schedule-1-paragraph-15" class="schProv1"><num>15</num><content><p>In section 770 (registration of transfer), omit subsection (3).</p></content></paragraph><paragraph eId="schedule-1-paragraph-16" class="schProv1"><num>16</num><content><p>In section 771 (procedure on transfer being lodged), omit subsection (2A).</p></content></paragraph><paragraph eId="schedule-1-paragraph-17" class="schProv1"><num>17</num><intro><p>In section 772 (transfer of shares on application of transferor)—</p></intro><level class="para1" eId="schedule-1-paragraph-17-a"><num>(a)</num><content><p>omit the words from “(or” to “Part 8)”;</p></content></level><level class="para1" eId="schedule-1-paragraph-17-b"><num>(b)</num><content><p>omit “(or delivery)”.</p></content></level></paragraph><paragraph eId="schedule-1-paragraph-18" class="schProv1"><num>18</num><content><p>In section 786 (provision enabling or requiring arrangements to be adopted), in subsection (3)(a), omit the words from “(or” to “Part 8)”.</p></content></paragraph><paragraph eId="schedule-1-paragraph-19" class="schProv1"><num>19</num><content><p>In section 853B (duties to notify a relevant event), omit paragraph (b).</p></content></paragraph><paragraph eId="schedule-1-paragraph-20" class="schProv1"><num>20</num><content><p>In section 853F (duty to deliver shareholder information: non-traded companies), in subsection (1), omit paragraph (b) and the “and” before it.</p></content></paragraph><paragraph eId="schedule-1-paragraph-21" class="schProv1"><num>21</num><content><p>In section 1028A (administrative restoration of company with share warrants), in subsection (7), omit paragraph (b) and the “or” before it.</p></content></paragraph><paragraph eId="schedule-1-paragraph-22" class="schProv1"><num>22</num><content><p>In section 1032A (restoration by court of company with share warrants), in subsection (8), omit paragraph (b) and the “or” before it.</p></content></paragraph><paragraph eId="schedule-1-paragraph-23" class="schProv1"><num>23</num><subparagraph eId="schedule-1-paragraph-23-1"><num>(1)</num><content><p>Section 1081 (annotation of the register) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-1-paragraph-23-2"><num>(2)</num><content><p>Omit subsection (1A).</p></content></subparagraph><subparagraph eId="schedule-1-paragraph-23-3"><num>(3)</num><content><p>In subsection (6), omit “or (1A)”.</p></content></subparagraph></paragraph><paragraph eId="schedule-1-paragraph-24" class="schProv1"><num>24</num><content><p>In section 1136 (regulations about where certain company records to be kept available for inspection), in subsection (2), omit the entry for section 128D (historic register of members).</p></content></paragraph><paragraph eId="schedule-1-paragraph-25" class="schProv1"><num>25</num><content><p>In Schedule 5 (communications by a company), in paragraph 16, omit sub-paragraph (3A).</p></content></paragraph></hcontainer><hcontainer name="schedule" eId="schedule-2"><num>SCHEDULE 2<authorialNote class="referenceNote"><p>Section 51</p></authorialNote></num><heading>Abolition of certain local registers</heading><part eId="schedule-2-part-1"><num>PART 1</num><heading>Register of directors</heading><paragraph eId="schedule-2-paragraph-1" class="schProv1"><num>1</num><content><p>The Companies Act 2006 is amended as follows.</p></content></paragraph><paragraph eId="schedule-2-paragraph-2" class="schProv1"><num>2</num><intro><p>Omit—</p></intro><level class="para1" eId="schedule-2-paragraph-2-a"><num>(a)</num><content><p>sections 161A to 167F (register of directors etc);</p></content></level><level class="para1" eId="schedule-2-paragraph-2-b"><num>(b)</num><content><p>the italic heading before section 161A.</p></content></level></paragraph><paragraph eId="schedule-2-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-2-paragraph-3-1"><num>(1)</num><content><p><mod>Before section 168 (and before the italic heading before that section) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Notification of information about directors</heading><section eId="d28e32750"><num>167G</num><heading>Duty to notify registrar of change in directors</heading><subsection eId="d28e32754"><num>(1)</num><intro><p>A company must give notice to the registrar if a person—</p></intro><level class="para1" eId="d28e32760"><num>(a)</num><content><p>becomes a director of the company, or</p></content></level><level class="para1"><num>(b)</num><content><p>ceases to be a director of the company.</p></content></level></subsection><subsection><num>(2)</num><content><p>The notice must specify the date on which the person became or ceased to be a director of the company.</p></content></subsection><subsection><num>(3)</num><intro><p>A notice under subsection (1)(a) of a person having become a director must contain—</p></intro><level class="para1"><num>(a)</num><content><p>a statement of the required information about the new director (see sections 167J and 167K);</p></content></level><level class="para1"><num>(b)</num><content><p>a statement by the company that the person has consented to act in that capacity;</p></content></level><level class="para1" eId="d28e32796"><num>(c)</num><content><p>if the person is an individual, a statement that their identity is verified (see section 1110A);</p></content></level><level class="para1"><num>(d)</num><intro><p>a statement that the person is not—</p></intro><level class="para2"><num>(i)</num><content><p>disqualified under the directors disqualification legislation (see section 159A(2)), or</p></content></level><level class="para2"><num>(ii)</num><content><p>otherwise ineligible by virtue of any enactment for appointment as a director;</p></content></level></level><level class="para1" eId="d28e32820"><num>(e)</num><intro><p>if the person would be disqualified under the directors disqualification legislation but for the permission of a court to act, a statement to that effect specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the court by which permission was given, and</p></content></level><level class="para2"><num>(ii)</num><content><p>the date on which permission was given.</p></content></level></level><level class="para1"><num>(f)</num><intro><p>if the person would be disqualified under the directors disqualification legislation by virtue of section 11A of the Company Directors Disqualification Act 1986 or Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002 (designated persons under sanctions legislation) but for the authority of a licence of the kind mentioned in that section or Article, a statement to that effect specifying—</p></intro><level class="para2"><num>(i)</num><content><p>the date on which the licence was issued, and</p></content></level><level class="para2"><num>(ii)</num><content><p>by whom it was issued.</p></content></level></level></subsection><subsection><num>(4)</num><content><p>In subsection (3)(e) “<term refersTo="#term-permission-of-a-court-to-act">permission of a court to act</term>” means permission of a court under a provision mentioned in column 2 of the table in section 159A(2).</p></content></subsection><subsection><num>(5)</num><content><p>Subsection (1)(a) does not require a company, on its incorporation, to give notice in relation to a person named as a proposed director in the statement under section 12.</p></content></subsection><subsection eId="d28e32871"><num>(6)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the person becomes or ceases to be a director.</p></content></subsection></section><section><num>167H</num><heading>Duty to notify registrar of changes of information</heading><subsection eId="d28e32884"><num>(1)</num><content><p>A company must give notice to the registrar of any change in the required information about a director (see sections 167J and 167K).</p></content></subsection><subsection><num>(2)</num><content><p>The notice must specify the date on which the change occurred.</p></content></subsection><subsection><num>(3)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection><subsection eId="d28e32902"><num>(4)</num><content><p>Where a company gives notice of a change of a director’s service address but not their residential address, the notice must contain a statement that the residential address is unchanged.</p></content></subsection></section><section eId="d28e32911"><num>167I</num><heading>Notification of changes occurring before company’s incorporation</heading><subsection eId="d28e32915"><num>(1)</num><content><p>A company must give notice to the registrar if a person named in the statement under section 12 as a proposed director of the company did not become a director on its incorporation.</p></content></subsection><subsection eId="d28e32921"><num>(2)</num><intro><p>A company must give notice to the registrar of any change in the required information about a proposed director that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for the company’s registration under section 9 was delivered to the registrar, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the company was incorporated.</p></content></level></subsection><subsection><num>(3)</num><content><p>But a company is not required to give notice under subsection (2) in respect of a person if it gives notice under subsection (1) in respect of the person.</p></content></subsection><subsection><num>(4)</num><content><p>A notice under subsection (2) must specify the date on which the change occurred.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the company was incorporated.</p></content></subsection></section><section><num>167J</num><heading>Required information about a director: individuals</heading><subsection><num>(1)</num><intro><p>The required information about a director (or proposed director) who is an individual is—</p></intro><level class="para1"><num>(a)</num><content><p>name, date of birth and nationality;</p></content></level><level class="para1"><num>(b)</num><content><p>any relevant former names;</p></content></level><level class="para1"><num>(c)</num><content><p>a service address (which may be stated as “The company’s registered office”);</p></content></level><level class="para1"><num>(d)</num><content><p>usual residential address;</p></content></level><level class="para1"><num>(e)</num><content><p>the part of the United Kingdom in which the individual is usually resident or, if the individual is usually resident in a country or state outside the United Kingdom, that country or state.</p></content></level></subsection><subsection><num>(2)</num><intro><p>In subsection (1)(b) “<term refersTo="#term-relevant-former-name">relevant former name</term>” means any former name other than—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a peer, or an individual normally known by a British title, the name by which the individual was known previous to the adoption of or succession to the title, or</p></content></level><level class="para1"><num>(b)</num><intro><p>in the case of any person—</p></intro><level class="para2"><num>(i)</num><content><p>a former name which was changed or disused before the person attained the age of 16 years,</p></content></level><level class="para2"><num>(ii)</num><content><p>a former name which has been changed or disused for 20 years or more, or</p></content></level><level class="para2"><num>(iii)</num><content><p>a former name which the registrar is required to refrain from making available for public inspection or from disclosing (or both) by virtue of regulations under section 1088(1)(a) or (b).</p></content></level></level></subsection><subsection><num>(3)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-former-name">former name</term>” means a name by which the individual was formerly known for business purposes;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-name">name</term>” means the individual’s forename and surname.</p></content></hcontainer></subsection><subsection eId="d28e33060"><num>(4)</num><content><p>Where a director (or proposed director) is a peer or an individual usually known by a title, any requirement imposed by this Act to provide the individual’s name because it forms part of the required information may be satisfied by providing that title instead of the individual’s forename and surname.</p></content></subsection><subsection><num>(5)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>amend this section so as to change the required information about a director (or proposed director) who is an individual;</p></content></level><level class="para1"><num>(b)</num><content><p>repeal subsection (4).</p></content></level></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section><num>167K</num><heading>Required information about a director: corporate directors and firms</heading><subsection><num>(1)</num><intro><p>The required information about a director (or proposed director) that is a body corporate, or a firm that is a legal person under the law by which it is governed, is—</p></intro><level class="para1"><num>(a)</num><content><p>corporate or firm name;</p></content></level><level class="para1"><num>(b)</num><content><p>principal office;</p></content></level><level class="para1"><num>(c)</num><content><p>a service address (which may be stated as “The company’s registered office”);</p></content></level><level class="para1"><num>(d)</num><content><p>in the case of a limited company that is a UK-registered company, the registered number;</p></content></level><level class="para1"><num>(e)</num><intro><p>in any other case, particulars of—</p></intro><level class="para2"><num>(i)</num><content><p>the legal form of the body corporate or firm and the law by which it is governed, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if applicable, the register in which it is entered (including details of the state) and its registration number in that register.</p></content></level></level></subsection><subsection><num>(2)</num><content><p>The Secretary of State may by regulations amend this section so as to change the required information about a director (or proposed director) of a description mentioned in subsection (1).</p></content></subsection><subsection><num>(3)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section eId="d28e33160"><num>167L</num><heading>Directors: offence of failure to notify of changes</heading><subsection><num>(1)</num><intro><p>If a company fails, without reasonable excuse, to comply with section 167G, 167H or 167I, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(2)</num><content><p>For this purpose a shadow director is treated as an officer of the company.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></section></hcontainer></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-2-paragraph-3-2"><num>(2)</num><intro><p>The provision that may be made under section 220(1) in connection with the coming into force of this paragraph includes—</p></intro><level class="para1" eId="schedule-2-paragraph-3-2-a"><num>(a)</num><content><p>provision requiring a company to deliver to the registrar, at the same time as a confirmation statement, a statement, in respect of any individual who became a director of the company (otherwise than on its incorporation) before the coming into force of this paragraph, confirming that the individual’s identity is verified (within the meaning of section 1110A of the Companies Act 2006), and</p></content></level><level class="para1" eId="schedule-2-paragraph-3-2-b"><num>(b)</num><content><p>provision for section 853A(1)(b)(i) of the Companies Act 2006 (as substituted by section 59 of this Act) to have effect as if it included a reference to the duty imposed by virtue of paragraph (a).</p></content></level></subparagraph><subparagraph eId="schedule-2-paragraph-3-3"><num>(3)</num><intro><p>In sub-paragraph (2)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-confirmation-statement" eId="term-confirmation-statement">confirmation statement</term>” has the meaning given by section 853A of the Companies Act 2006;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the same meaning as in the Companies Acts (see section 1060 of the Companies Act 2006).</p></content></hcontainer></subparagraph></paragraph></part><part eId="schedule-2-part-2"><num>PART 2</num><heading>Register of secretaries</heading><paragraph eId="schedule-2-paragraph-4" class="schProv1"><num>4</num><content><p>The Companies Act 2006 is amended as follows.</p></content></paragraph><paragraph eId="schedule-2-paragraph-5" class="schProv1"><num>5</num><content><p>Omit sections 274A to 279F (register of secretaries etc) (including the italic heading before section 279A).</p></content></paragraph><paragraph eId="schedule-2-paragraph-6" class="schProv1"><num>6</num><content><p><mod>Before section 280 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Notification of information about secretaries</heading><section><num>279G</num><heading>Duty to notify registrar of change in secretary or joint secretary</heading><subsection><num>(1)</num><intro><p>A company must give notice to the registrar if a person—</p></intro><level class="para1" eId="d28e33293"><num>(a)</num><content><p>becomes the secretary or one of the joint secretaries of the company, or</p></content></level><level class="para1"><num>(b)</num><content><p>ceases to be the secretary or one of the joint secretaries of the company.</p></content></level></subsection><subsection><num>(2)</num><content><p>The notice must specify the date on which the person became or ceased to be the secretary or one of the joint secretaries of the company.</p></content></subsection><subsection><num>(3)</num><intro><p>A notice under subsection (1)(a) must contain—</p></intro><level class="para1"><num>(a)</num><content><p>a statement of the required information about the secretary or joint secretary (see sections 279J and 279K), and</p></content></level><level class="para1"><num>(b)</num><content><p>a statement by the company that the person has consented to act in that capacity.</p></content></level></subsection><subsection><num>(4)</num><content><p>Subsection (1)(a) does not require a company, on its incorporation, to give notice in relation to a person named as the proposed secretary or one of the proposed joint secretaries of the company in the statement under section 12.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the person becomes or ceases to be the secretary or a joint secretary.</p></content></subsection></section><section><num>279H</num><heading>Duty to notify registrar of changes of information</heading><subsection eId="d28e33348"><num>(1)</num><content><p>A company must give notice to the registrar of any change in the required information about the secretary or one of the joint secretaries of the company (see sections 279J and 279K).</p></content></subsection><subsection><num>(2)</num><content><p>The notice must specify the date on which the change occurred.</p></content></subsection><subsection><num>(3)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the change occurs.</p></content></subsection></section><section eId="d28e33369"><num>279I</num><heading>Notification of changes occurring before company’s incorporation</heading><subsection eId="d28e33373"><num>(1)</num><intro><p>A company must give notice to the registrar if—</p></intro><level class="para1"><num>(a)</num><content><p>a person named in the statement under section 12 as the proposed secretary of the company did not become the secretary on its incorporation, or</p></content></level><level class="para1"><num>(b)</num><content><p>a person named in the statement under section 12 as one of the proposed joint secretaries of the company become did not become one of the joint secretaries on its incorporation.</p></content></level></subsection><subsection eId="d28e33391"><num>(2)</num><intro><p>A company must give notice to the registrar of any change in the required information about a proposed secretary, or one of the proposed joint secretaries, that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for the company’s registration under section 9 was delivered to the registrar, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the company was incorporated.</p></content></level></subsection><subsection><num>(3)</num><content><p>But a company is not required to give notice under subsection (2) in respect of a person if it gives notice under subsection (1) in respect of the person.</p></content></subsection><subsection><num>(4)</num><content><p>A notice under subsection (2) must specify the date on which the change occurred.</p></content></subsection><subsection><num>(5)</num><content><p>A notice under this section must be given within the period of 14 days beginning with the day on which the company was incorporated.</p></content></subsection></section><section><num>279J</num><heading>Required information about a secretary etc: individuals</heading><subsection><num>(1)</num><intro><p>The required information about a secretary or joint secretary (or proposed secretary or joint secretary) who is an individual is—</p></intro><level class="para1"><num>(a)</num><content><p>name;</p></content></level><level class="para1" eId="d28e33446"><num>(b)</num><content><p>any relevant former names;</p></content></level><level class="para1"><num>(c)</num><content><p>a service address (which may be stated as “The company’s registered office”).</p></content></level></subsection><subsection eId="d28e33458"><num>(2)</num><intro><p>In subsection (1)(b) “<term refersTo="#term-relevant-former-name">relevant former name</term>” means any former name other than—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a peer, or an individual normally known by a British title, the name by which the individual was known previous to the adoption of or succession to the title, or</p></content></level><level class="para1"><num>(b)</num><intro><p>in the case of any person—</p></intro><level class="para2"><num>(i)</num><content><p>a former name which was changed or disused before the person attained the age of 16 years,</p></content></level><level class="para2"><num>(ii)</num><content><p>a former name which has been changed or disused for 20 years or more, or</p></content></level><level class="para2"><num>(iii)</num><content><p>a former name which the registrar is required to refrain from making available for public inspection or from disclosing (or both) by virtue of regulations under section 1088(1)(a) or (b).</p></content></level></level></subsection><subsection><num>(3)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-former-name">former name</term>” means a name by which the individual was formerly known for business purposes;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-name">name</term>” means the individual’s forename and surname.</p></content></hcontainer></subsection><subsection eId="d28e33518"><num>(4)</num><content><p>Where a secretary or joint secretary (or proposed secretary or joint secretary) is a peer or an individual usually known by a title, any requirement of this Act to provide the individual’s name because it forms part of the required information may be satisfied by providing that title instead of the individual’s forename and surname.</p></content></subsection><subsection><num>(5)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><content><p>amend this section so as to change the required information about a secretary or joint secretary (or proposed secretary or joint secretary) who is an individual;</p></content></level><level class="para1"><num>(b)</num><content><p>repeal subsection (4).</p></content></level></subsection><subsection><num>(6)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section><num>279K</num><heading>Required information about a secretary etc: corporate secretaries and firms</heading><subsection eId="d28e33555"><num>(1)</num><intro><p>The required information about a secretary or joint secretary (or proposed secretary or joint secretary) that is a body corporate, or a firm that is a legal person under the law by which it is governed, is—</p></intro><level class="para1"><num>(a)</num><content><p>corporate or firm name;</p></content></level><level class="para1"><num>(b)</num><content><p>principal office;</p></content></level><level class="para1"><num>(c)</num><content><p>a service address (which may be stated as “The company’s registered office”);</p></content></level><level class="para1"><num>(d)</num><content><p>in the case of a limited company that is a UK-registered company, the registered number;</p></content></level><level class="para1"><num>(e)</num><intro><p>in any other case, particulars of—</p></intro><level class="para2"><num>(i)</num><content><p>the legal form of the body corporate or firm and the law by which it is governed, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if applicable, the register in which it is entered (including details of the state) and its registration number in that register.</p></content></level></level></subsection><subsection><num>(2)</num><content><p>The Secretary of State may by regulations amend this section so as to change the required information about a secretary or joint secretary (or proposed secretary or joint secretary) of a description mentioned in subsection (1).</p></content></subsection><subsection><num>(3)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section><num>279L</num><heading>Firms all of whose partners are joint secretaries</heading><subsection><num>(1)</num><intro><p>This section applies where—</p></intro><level class="para1"><num>(a)</num><content><p>all the members in a firm are joint secretaries (or proposed joint secretaries) of a company, and</p></content></level><level class="para1"><num>(b)</num><content><p>the firm is not a legal person under the law by which it is governed.</p></content></level></subsection><subsection><num>(2)</num><content><p>Any requirement imposed by this Act to provide the required information about the members as joint secretaries (or proposed joint secretaries) may instead be satisfied by providing the information that would be required if the firm were a legal person and the firm had been appointed as secretary.</p></content></subsection></section><section><num>279M</num><heading>Secretary or joint secretary: offence of failure to notify of changes</heading><subsection><num>(1)</num><intro><p>If a company fails, without reasonable excuse, to comply with section 279G, 279H or 279I, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(2)</num><content><p>For this purpose a shadow director is treated as an officer of the company.</p></content></subsection><subsection><num>(3)</num><intro><p>A person guilty of an offence under this section is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.</p></content></level></subsection></section></hcontainer><heading ukl:Context="Pblock">Person acting in dual capacity</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph></part><part eId="schedule-2-part-3"><num>PART 3</num><heading>Register of people with significant control</heading><paragraph eId="schedule-2-paragraph-7" class="schProv1"><num>7</num><content><p>The Companies Act 2006 is amended as follows.</p></content></paragraph><paragraph eId="schedule-2-paragraph-8" class="schProv1"><num>8</num><intro><p>In section 790A (overview of Part)—</p></intro><level class="para1" eId="schedule-2-paragraph-8-a"><num>(a)</num><content><p><mod>in paragraph (b), for “keep the register required by Chapter 3” substitute <quotedText>“notify the registrar of the information in accordance with Chapter 2A”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-2-paragraph-8-b"><num>(b)</num><content><p><mod>for paragraphs (c) and (d) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>Chapter 2A requires companies to notify the registrar of information relating to persons with significant control;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></paragraph><paragraph eId="schedule-2-paragraph-9" class="schProv1"><num>9</num><content><p>In section 790C (key terms), omit subsection (10).</p></content></paragraph><paragraph eId="schedule-2-paragraph-10" class="schProv1"><num>10</num><content><p><mod>After section 790C insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>790CA</num><heading>References to “confirmation” etc of information</heading><intro><p>For the purposes of this Part a company has had confirmation of—</p></intro><level class="para1"><num>(a)</num><content><p>a person’s status as a registrable person or a registrable relevant legal entity in relation to the company,</p></content></level><level class="para1"><num>(b)</num><content><p>the required particulars of a person (see section 790K), or</p></content></level><level class="para1"><num>(c)</num><content><p>any other information about a person,</p></content></level><wrapUp><p>if the person has supplied that information to the company whether or not in pursuance of any duty imposed by this Part (and references to a company obtaining confirmation of information are to be read accordingly).</p></wrapUp></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-part-3-paragraph-11n1" class="schProv1"><num>11</num><content><p><mod>For sections 790D and 790E substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>790CB</num><heading>Duty to find out about persons with significant control</heading><content><p>A company to which this Part applies must take reasonable steps to find out if there is anyone who is a registrable person or a registrable relevant legal entity in relation to the company and, if so, to identify them.</p></content></section><section><num>790D</num><heading>Company’s duty to give notices to persons with significant control</heading><subsection><num>(1)</num><intro><p>A company to which this Part applies must give a notice to a person under this section if—</p></intro><level class="para1" eId="d28e33823"><num>(a)</num><content><p>the company knows or has cause to believe that the person is a registrable person or a registrable relevant legal entity in relation to the company, but</p></content></level><level class="para1" eId="d28e33829"><num>(b)</num><content><p>the company has not had confirmation of the person’s status as a registrable person or registrable relevant legal entity or has not had confirmation of all of the required particulars of the person (see section 790K).</p></content></level></subsection><subsection eId="d28e33835"><num>(2)</num><intro><p>The notice must require the person—</p></intro><level class="para1"><num>(a)</num><content><p>to inform the company whether the person is a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>if they are, to give the company all of the required particulars of the person (see section 790K).</p></content></level></subsection><subsection><num>(3)</num><content><p>The notice must require the person to whom it is given to comply with the notice by no later than the end of the period of one month beginning with the day on which it is given.</p></content></subsection><subsection><num>(4)</num><intro><p>The company must give the notice—</p></intro><level class="para1"><num>(a)</num><content><p>as soon as reasonably practicable after the company becomes subject to the duty to give a notice under this section, and</p></content></level><level class="para1"><num>(b)</num><content><p>in any event before the end of the period of 14 days beginning with the day on which the company becomes so subject.</p></content></level></subsection><subsection><num>(5)</num><intro><p>A company is not required to give a notice under this section to a person if—</p></intro><level class="para1"><num>(a)</num><content><p>the application for the registration of the company contained a statement of initial significant control naming the person as someone who would, on the company’s incorporation, become a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>the company has no cause to believe that at any time since its incorporation the person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company.</p></content></level></subsection><subsection eId="d28e33895"><num>(6)</num><content><p>The Secretary of State may by regulations make further provision about the giving of notices under this section, including provision about their form and content and the manner in which they must be given.</p></content></subsection><subsection eId="d28e33901"><num>(7)</num><content><p>Regulations under subsection (6) are subject to negative resolution procedure.</p></content></subsection></section><section><num>790DA</num><heading>Obtaining information from third parties</heading><subsection eId="d28e33914"><num>(1)</num><intro><p>A company to which this Part applies may give a notice to a person under this section if it knows or has cause to believe that the person—</p></intro><level class="para1"><num>(a)</num><content><p>knows the identity of someone who falls within subsection (2), or</p></content></level><level class="para1"><num>(b)</num><content><p>knows the identity of someone likely to have that knowledge.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The persons who fall within this subsection are—</p></intro><level class="para1"><num>(a)</num><content><p>a registrable person in relation to the company;</p></content></level><level class="para1"><num>(b)</num><content><p>a relevant legal entity in relation to the company;</p></content></level><level class="para1"><num>(c)</num><content><p>an entity which would be a relevant legal entity in relation to the company but for the fact that section 790C(6)(b) does not apply in respect of it.</p></content></level></subsection><subsection eId="d28e33956"><num>(3)</num><intro><p>A company must give a notice under subsection (1) to a person (“a third party”) if the company—</p></intro><level class="para1"><num>(a)</num><content><p>knows or has cause to believe that a person is a registrable person or a registrable relevant legal entity in relation to the company (“a suspected PSC”),</p></content></level><level class="para1"><num>(b)</num><content><p>is under a duty to give the suspected PSC a notice under section 790D but does not have the information that it needs in order to contact them, and</p></content></level><level class="para1"><num>(c)</num><intro><p>knows or has cause to believe that the third party—</p></intro><level class="para2"><num>(i)</num><content><p>knows the identity of the suspected PSC, or</p></content></level><level class="para2"><num>(ii)</num><content><p>knows the identity of someone likely to have that knowledge.</p></content></level></level></subsection><subsection><num>(4)</num><intro><p>A notice under subsection (1) must require the person to whom it is given (“<term refersTo="#term-the-recipient">the recipient</term>”)—</p></intro><level class="para1"><num>(a)</num><intro><p>to inform the company whether the recipient knows the identity of any person who—</p></intro><level class="para2"><num>(i)</num><content><p>falls within subsection (2), or</p></content></level><level class="para2"><num>(ii)</num><content><p>is likely to know the identity of anyone who falls within subsection (2), and</p></content></level></level><level class="para1"><num>(b)</num><content><p>if the recipient does, to give the company any information within the recipient’s knowledge that would allow the company to contact each such person.</p></content></level></subsection><subsection><num>(5)</num><content><p>The notice must require the person to whom it is given to comply with the notice by no later than the end of the period of one month beginning with the day on which it is given.</p></content></subsection><subsection><num>(6)</num><content><p>A person to whom a notice under subsection (1) is given is not required by that notice to disclose any information in respect of which a claim to legal professional privilege (in Scotland, to confidentiality of communications) could be maintained in legal proceedings.</p></content></subsection><subsection eId="d28e34037"><num>(7)</num><content><p>The Secretary of State may by regulations make further provision about the giving of notices under this section, including provision about their form and content and the manner in which they must be given.</p></content></subsection><subsection><num>(8)</num><content><p>Regulations under subsection (7) are subject to negative resolution procedure.</p></content></subsection><subsection><num>(9)</num><content><p>In this section a reference to knowing the identity of a person includes knowing information from which that person can be identified.</p></content></subsection></section><section><num>790E</num><heading>Company’s duty to find out about changes in PSC information</heading><subsection><num>(1)</num><intro><p>This section applies if a company—</p></intro><level class="para1" eId="d28e34068"><num>(a)</num><content><p>knows or has cause to believe that there has been a change in the required particulars of a registrable person or a registrable relevant legal entity in relation to the company (see section 790K), but</p></content></level><level class="para1" eId="d28e34074"><num>(b)</num><content><p>has not had confirmation that the change has occurred or has not had confirmation of all of the information that the company would need to include in a notice of the change under section 790LD(1) or 790LE(1).</p></content></level></subsection><subsection><num>(2)</num><intro><p>The company must give the person a notice requiring the person—</p></intro><level class="para1"><num>(a)</num><content><p>to inform the company whether the change has occurred, and</p></content></level><level class="para1"><num>(b)</num><content><p>if it has, to give the company the information that the company would need to include in a notice of the change under section 790LD(1) or 790LE(1).</p></content></level></subsection><subsection><num>(3)</num><content><p>The notice must require the person to whom it is given to comply with the notice by no later than the end of the period of one month beginning with the day on which it is given.</p></content></subsection><subsection><num>(4)</num><intro><p>The company must give the notice—</p></intro><level class="para1"><num>(a)</num><content><p>as soon as reasonably practicable after the company becomes subject to the duty to give a notice under subsection (2), and</p></content></level><level class="para1"><num>(b)</num><content><p>in any event before the end of the period of 14 days beginning with the day on which the company becomes so subject.</p></content></level></subsection><subsection eId="d28e34122"><num>(5)</num><content><p>The Secretary of State may by regulations make further provision about the giving of notices under this section, including provision about their form and content and the manner in which they must be given.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under subsection (5) are subject to negative resolution procedure.</p></content></subsection></section><section><num>790EA</num><heading>Company’s duty to find out about persons ceasing to be PSCs</heading><subsection eId="d28e34141"><num>(1)</num><intro><p>This section applies if a company —</p></intro><level class="para1"><num>(a)</num><content><p>knows or has cause to believe that a person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company, but</p></content></level><level class="para1"><num>(b)</num><content><p>has not had confirmation that the person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company or has not had confirmation of the date on which the person so ceased.</p></content></level></subsection><subsection eId="d28e34159"><num>(2)</num><intro><p>The company must give the person a notice requiring the person—</p></intro><level class="para1"><num>(a)</num><content><p>to inform the company whether the person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>if the person has, to inform the company of the date on which the person so ceased.</p></content></level></subsection><subsection><num>(3)</num><content><p>The notice must require the person to whom it is given to comply with the notice by no later than the end of the period of one month beginning with the day on which it is given.</p></content></subsection><subsection><num>(4)</num><intro><p>The company must give the notice—</p></intro><level class="para1"><num>(a)</num><content><p>as soon as reasonably practicable after the company becomes subject to the duty under subsection (2), and</p></content></level><level class="para1"><num>(b)</num><content><p>in any event before the end of the period of 14 days beginning with the day on which the company becomes so subject.</p></content></level></subsection><subsection eId="d28e34201"><num>(5)</num><content><p>The Secretary of State may by regulations make further provision about the giving of notices under this section, including provision about their form and content and the manner in which they must be given.</p></content></subsection><subsection><num>(6)</num><content><p>Regulations under subsection (5) are subject to negative resolution procedure.</p></content></subsection></section><section><num>790EB</num><heading>Company’s duty to notify failure to comply with notices</heading><subsection eId="d28e34220"><num>(1)</num><content><p>A company must notify the registrar if a person fails to comply with a notice given by the company under section 790D, 790DA, 790E or 790EA within the period specified in it.</p></content></subsection><subsection><num>(2)</num><content><p>The notice must be given within the period of 14 days beginning with the end of the period specified in the notice under section 790D, 790DA, 790E or 790EA.</p></content></subsection></section><section><num>790EC</num><heading>Company’s duty to notify of late compliance with notices</heading><subsection eId="d28e34239"><num>(1)</num><content><p>A company must notify the registrar if a person who has failed to comply with a notice given by the company under section 790D, 790DA, 790E or 790EA within the period specified in it subsequently complies.</p></content></subsection><subsection><num>(2)</num><content><p>The notice must be given within the period of 14 days beginning with the day on which the person complied with the notice under section 790D, 790DA, 790E or 790EA.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-part-3-paragraph-11n2" class="schProv1"><num>11</num><content><p><mod>In section 790F (failure by company to comply with information duties), for subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>If a company fails, without reasonable excuse, to comply with a duty under section 790CB, 790D, 790DA(3), 790E, 790EA, 790EB or 790EC to take steps or give a notice, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-12" class="schProv1"><num>12</num><content><p><mod>For sections 790G and 790H substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>790G</num><heading>Duty to notify company on becoming PSC</heading><subsection><num>(1)</num><intro><p>This section applies to a person if—</p></intro><level class="para1" eId="d28e34299"><num>(a)</num><content><p>the person knows that they are a registrable person or a registrable relevant legal entity in relation to a company,</p></content></level><level class="para1"><num>(b)</num><content><p>the material in the register that is available for public inspection does not indicate the person’s status as a registrable person or registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(c)</num><intro><p>the person—</p></intro><level class="para2"><num>(i)</num><content><p>has not informed the company of the person’s status as a registrable person or registrable relevant legal entity in relation to the company, or</p></content></level><level class="para2"><num>(ii)</num><content><p>has not given the company all of the required particulars of the person (see section 790K).</p></content></level></level></subsection><subsection eId="d28e34329"><num>(2)</num><intro><p>The person must—</p></intro><level class="para1"><num>(a)</num><content><p>inform the company of the person’s status as a registrable person or registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>give the company the required particulars (see section 790K).</p></content></level></subsection><subsection><num>(3)</num><content><p>The person must comply with the duty in subsection (2) before the end of the period of one month beginning with the day on which the conditions in subsection (1) are met.</p></content></subsection></section><section><num>790H</num><heading>Duty to notify company of changes in PSC information</heading><subsection><num>(1)</num><intro><p>This section applies to a person if—</p></intro><level class="para1" eId="d28e34366"><num>(a)</num><content><p>the person knows that they are a registrable person or a registrable relevant legal entity in relation to a company,</p></content></level><level class="para1"><num>(b)</num><content><p>there has been a change in the required particulars of the person (see section 790K) and the person knows that to be the case, and</p></content></level><level class="para1" eId="d28e34378"><num>(c)</num><content><p>the person has not informed the company of the change or has not given the company all of the information that the company would need to include in a notice of the change under section 790LD(1) or 790LE(1).</p></content></level></subsection><subsection><num>(2)</num><intro><p>The person must—</p></intro><level class="para1"><num>(a)</num><content><p>inform the company of the change, and</p></content></level><level class="para1"><num>(b)</num><content><p>give the company the information that the company would need to include in a notice of the change under section 790LD(1) or 790LE(1).</p></content></level></subsection><subsection><num>(3)</num><content><p>The person must comply with the duty in subsection (2) before the end of the period of one month beginning with the day on which the conditions in subsection (1) are met.</p></content></subsection></section><section><num>790HA</num><heading>Duty to notify company of ceasing to be a PSC</heading><subsection eId="d28e34415"><num>(1)</num><intro><p>This section applies to a person if—</p></intro><level class="para1"><num>(a)</num><content><p>the person knows that they have ceased to be a registrable person or a registrable relevant legal entity in relation to a company,</p></content></level><level class="para1"><num>(b)</num><content><p>the material in the register that is available for public inspection does not indicate the person as having ceased to be a registrable person or a registrable relevant legal entity in relation to a company, and</p></content></level><level class="para1"><num>(c)</num><content><p>the person has not informed the company of having ceased to be a registrable person or a registrable relevant legal entity in relation to the company or has not informed the company of the date on which the person so ceased.</p></content></level></subsection><subsection eId="d28e34439"><num>(2)</num><intro><p>The person must inform the company—</p></intro><level class="para1"><num>(a)</num><content><p>that the person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>of the date on which the person so ceased.</p></content></level></subsection><subsection><num>(3)</num><content><p>The person must comply with the duty in subsection (2) before the end of the period of one month beginning with the day on which the conditions in subsection (1) are met.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-13" class="schProv1"><num>13</num><content><p><mod>In section 790I (enforcement of disclosure requirements), for the words from “a notice” to the end substitute <quotedText startQuote="“">—</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(a)</num><content><p>a notice under section 790D, 790DA, 790E or 790EA, or</p></content></level><level class="para1"><num>(b)</num><content><p>a duty under section 790G, 790H or 790HA.</p></content></level></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-14" class="schProv1"><num>14</num><content><p><mod>After section 790I insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Power to impose further duties</heading><section><num>790IA</num><heading>Power to impose further duties involving nominee shareholders</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations make further provision for the purpose of enabling a company to which this Part applies to find out about anyone who has become or ceased to be a person who is—</p></intro><level class="para1"><num>(a)</num><content><p>a registrable person in relation to the company by virtue of shares being held by a nominee, or</p></content></level><level class="para1"><num>(b)</num><content><p>a registrable relevant legal entity in relation to the company by virtue of shares being held by a nominee.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The regulations may, in particular—</p></intro><level class="para1"><num>(a)</num><intro><p>impose obligations on a company with a view to obtaining—</p></intro><level class="para2"><num>(i)</num><content><p>information about whether a person has become or ceased to be a nominee shareholder;</p></content></level><level class="para2"><num>(ii)</num><content><p>if they have, information about: (A) the shareholding; (B) the nominee; (C) the person for whom the nominee holds or held the shares;</p></content></level><level class="para2"><num>(iii)</num><content><p>any other information required by the regulations;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>impose obligations on others (including nominees or former nominees) with a view to providing the company with—</p></intro><level class="para2"><num>(i)</num><content><p>information of a kind described in paragraph (a)(i) or (ii);</p></content></level><level class="para2"><num>(ii)</num><content><p>any other information required by the regulations.</p></content></level></level></subsection><subsection><num>(3)</num><content><p>The regulations may, in particular, make provision similar or corresponding to any of the preceding provisions of this Chapter.</p></content></subsection><subsection><num>(4)</num><content><p>The provision that may be made by regulations under subsection (1) includes provision amending this Chapter.</p></content></subsection><subsection><num>(5)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-15" class="schProv1"><num>15</num><intro><p>In section 790J (power to make exemptions)—</p></intro><level class="para1" eId="schedule-2-paragraph-15-a"><num>(a)</num><content><p><mod>in subsection (2)(a), for “790D(2) or 790E” substitute <quotedText>“790D, 790E or 790EA”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-2-paragraph-15-b"><num>(b)</num><content><p><mod>in subsection (2)(c), for “790D(5)” substitute <quotedText>“790DA”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-2-paragraph-15-c"><num>(c)</num><content><p><mod>in subsection (2)(d), for “and 790H” substitute <quotedText>“, 790H and 790HA”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-2-paragraph-15-d"><num>(d)</num><content><p><mod>in subsection (2)(e) for “section 790M” substitute <quotedText>“any of sections 12A, 790LA, 790LC, 790LD, 790LE, 790LF, 790LG, 790LH”</quotedText>.”</mod></p></content></level></paragraph><paragraph eId="schedule-2-paragraph-16" class="schProv1"><num>16</num><subparagraph eId="schedule-2-paragraph-16-1"><num>(1)</num><content><p>Section 790K (required particulars) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-2-paragraph-16-2"><num>(2)</num><content><p>In subsection (1), omit paragraph (i) and the “and” before it.</p></content></subparagraph><subparagraph eId="schedule-2-paragraph-16-3"><num>(3)</num><content><p><mod>In subsection (2), after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>a service address,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph><subparagraph eId="schedule-2-paragraph-16-4"><num>(4)</num><intro><p>In subsection (3)—</p></intro><level class="para1" eId="schedule-2-paragraph-16-4-a"><num>(a)</num><content><p>in paragraph (b), omit “registered or”;</p></content></level><level class="para1" eId="schedule-2-paragraph-16-4-b"><num>(b)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>a service address,</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-2-paragraph-16-5"><num>(5)</num><content><p><mod>For subsection (4) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><content><p>In this section “<term refersTo="#term-name">name</term>”, in relation to an individual, means the individual’s forename and surname.</p></content></subsection><subsection eId="d28e34710"><num>(4A)</num><content><p>Where an individual is a peer or an individual usually known by a title, any requirement imposed by this Act to provide the individual’s name because it forms part of the required particulars under this section may be satisfied by providing that title instead of the individual’s forename and surname.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-2-paragraph-17" class="schProv1"><num>17</num><content><p><mod>In section 790L (required particulars: power to amend), for subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations—</p></intro><level class="para1"><num>(a)</num><intro><p>amend section 790K so as to change the “<term refersTo="#term-required-particulars">required particulars</term>” in relation to—</p></intro><level class="para2"><num>(i)</num><content><p>an individual who is a registrable person;</p></content></level><level class="para2"><num>(ii)</num><content><p>a person in relation to which this Part has effect by virtue of section 790C(12) as if the person were an individual;</p></content></level><level class="para2"><num>(iii)</num><content><p>a registrable relevant legal entity;</p></content></level></level><level class="para1"><num>(b)</num><content><p>repeal section 790K(4A).</p></content></level></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-18" class="schProv1"><num>18</num><content><p><mod>After section 790L insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><chapter><num>CHAPTER 2A</num><heading>Duty to notify registrar of persons with significant control and ID verification</heading><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Duty to notify registrar of persons with significant control</heading><section><num>790LA</num><heading>Duty to notify registrar of confirmed persons with significant control</heading><subsection><num>(1)</num><intro><p>A company must give a notice to the registrar if it has had confirmation of—</p></intro><level class="para1"><num>(a)</num><content><p>a person’s status as a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>the required particulars of the person (see section 790K).</p></content></level></subsection><subsection><num>(2)</num><content><p>A notice under subsection (1) must contain a statement of the required particulars.</p></content></subsection><subsection><num>(3)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company had confirmation as mentioned in that subsection.</p></content></subsection><subsection><num>(4)</num><intro><p>A company is not required to give a notice under this section in relation to a person if—</p></intro><level class="para1"><num>(a)</num><content><p>the application for the registration of the company contained a statement of initial significant control naming the person as someone who would, on the company’s incorporation, become a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>the company has no cause to believe that at any time since its incorporation the person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company.</p></content></level></subsection><subsection><num>(5)</num><content><p>Nothing in section 126 (notice of trusts not receivable by registrar) affects the duty to give a notice under this section (or the receipt of that notice by the registrar).</p></content></subsection></section><section eId="d28e34846"><num>790LB</num><heading>Option to provide ID verification information in notice of change</heading><subsection eId="d28e34850"><num>(1)</num><content><p>A notice under section 790LA(1) that relates to a registrable person may include a statement that the person’s identity is verified (see section 1110A).</p></content></subsection><subsection eId="d28e34856"><num>(2)</num><intro><p>A notice under section 790LA(1) that relates to a registrable relevant legal entity may include a statement that—</p></intro><level class="para1"><num>(a)</num><content><p>specifies the name of one of its relevant officers (within the meaning given by section 790LO(6)) who is an individual and whose identity is verified, and</p></content></level><level class="para1"><num>(b)</num><content><p>confirms that the individual’s identity is verified.</p></content></level></subsection><subsection eId="d28e34874"><num>(3)</num><content><p>If the notice includes a statement under subsection (2), it must be accompanied by a statement by the individual confirming that the individual is a relevant officer of the registrable relevant legal entity.</p></content></subsection><subsection><num>(4)</num><content><p>To find out what happens if the option in subsection (1) or (2) is not exercised, see sections 790LM and 790LO.</p></content></subsection><subsection><num>(5)</num><content><p>In subsection (1) “<term refersTo="#term-registrable-person">registrable person</term>” does not include a person mentioned in section 790C(12)(a) to (d).</p></content></subsection></section><section><num>790LC</num><heading>Duty to notify registrar of unconfirmed persons with significant control</heading><subsection eId="d28e34902"><num>(1)</num><intro><p>A company must give a notice to the registrar if—</p></intro><level class="para1"><num>(a)</num><content><p>it knows or has cause to believe that a person has become a registrable person or a registrable relevant legal entity in relation to the company, but</p></content></level><level class="para1"><num>(b)</num><content><p>it has not yet had confirmation as mentioned in section 790LA(1).</p></content></level></subsection><subsection><num>(2)</num><content><p>The notice must state that fact.</p></content></subsection><subsection><num>(3)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company first knows or has cause to believe that the person has become a registrable person or a registrable relevant legal entity in relation to the company.</p></content></subsection><subsection><num>(4)</num><content><p>Nothing in this section requires a company, on its incorporation, to give a notice in relation to a person included in the statement of initial significant control under section 12A.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Duty to notify registrar of changes in required particulars</heading><section><num>790LD</num><heading>Duties to notify of changes in required particulars</heading><subsection><num>(1)</num><intro><p>A company must give a notice to the registrar if it—</p></intro><level class="para1"><num>(a)</num><content><p>has had confirmation that there has been a change in the required particulars of a registrable person, or a registrable relevant legal entity, in relation to the company (see section 790K), and</p></content></level><level class="para1"><num>(b)</num><content><p>has had confirmation of how the required particulars have changed and the date on which they changed.</p></content></level></subsection><subsection><num>(2)</num><intro><p>The notice must state—</p></intro><level class="para1"><num>(a)</num><content><p>the change in the required particulars, and</p></content></level><level class="para1"><num>(b)</num><content><p>the date on which the change occurred.</p></content></level></subsection><subsection><num>(3)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company had confirmation as mentioned in that subsection.</p></content></subsection><subsection><num>(4)</num><content><p>Nothing in section 126 (notice of trusts not receivable by registrar) affects the duty to give a notice under this section (or the receipt of that notice by the registrar).</p></content></subsection></section><section><num>790LE</num><heading>Duty to notify of pre-incorporation changes in required particulars</heading><subsection eId="d28e35003"><num>(1)</num><intro><p>A company must give a notice to the registrar if it—</p></intro><level class="para1"><num>(a)</num><content><p>has had confirmation that there was a pre-incorporation change in the required particulars of a proposed PSC (see section 790K), and</p></content></level><level class="para1"><num>(b)</num><content><p>has had confirmation of how the required particulars have changed and the date on which they changed.</p></content></level></subsection><subsection><num>(2)</num><content><p>But a company is not required to give a notice under subsection (1) in respect of a person if it has given a notice under section 790LG in respect of the person.</p></content></subsection><subsection><num>(3)</num><intro><p>A notice under subsection (1) must state—</p></intro><level class="para1"><num>(a)</num><content><p>the change in the required particulars, and</p></content></level><level class="para1"><num>(b)</num><content><p>the date on which the change occurred.</p></content></level></subsection><subsection><num>(4)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company had confirmation as mentioned in that subsection.</p></content></subsection><subsection><num>(5)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-pre-incorporation-change">pre-incorporation change</term>” means a change that occurred—</p></intro><level class="para1"><num>(a)</num><content><p>after the application for the registration of the company was delivered to the registrar, but</p></content></level><level class="para1"><num>(b)</num><content><p>before the company was incorporated;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-proposed-psc">proposed PSC</term>”, in relation to a company, means a person who was named in a statement under section 12A(1)(a) as a person who would, on the company’s incorporation, become a registrable person or registrable relevant legal entity in relation to the company.</p></content></hcontainer></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Duty to notify registrar of person ceasing to be person with significant control etc</heading><section eId="d28e35087"><num>790LF</num><heading>Duty to notify registrar when person ceases to have significant control</heading><subsection><num>(1)</num><intro><p>A company must give a notice to the registrar if it—</p></intro><level class="para1"><num>(a)</num><content><p>has had confirmation that a person has ceased to be a registrable person or a registrable relevant legal entity in relation to it, and</p></content></level><level class="para1"><num>(b)</num><content><p>has had confirmation of the date on which the person so ceased.</p></content></level></subsection><subsection><num>(2)</num><intro><p>A notice under subsection (1) must state—</p></intro><level class="para1"><num>(a)</num><content><p>the person’s name and service address, and</p></content></level><level class="para1"><num>(b)</num><content><p>the date on which the person ceased to be a registrable person or a registrable relevant legal entity in relation to the company.</p></content></level></subsection><subsection><num>(3)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company had confirmation as mentioned in that subsection.</p></content></subsection></section><section eId="d28e35136"><num>790LG</num><heading>Notification of someone not becoming person with significant control on incorporation</heading><subsection eId="d28e35140"><num>(1)</num><content><p>A company must give a notice to the registrar if it knows that a person named in the statement under section 12A(1)(a) as a person who would, on the company’s incorporation, become a registrable person or a registrable relevant legal entity did not so become.</p></content></subsection><subsection><num>(2)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company has the knowledge mentioned there.</p></content></subsection></section><section eId="d28e35155"><num>790LH</num><heading>Duty to notify registrar if company ceases to have persons with significant control</heading><subsection><num>(1)</num><intro><p>A company must give a notice to the registrar if it knows or has cause to believe that—</p></intro><level class="para1"><num>(a)</num><content><p>there has at some time been a person who is a registrable person or registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>there has ceased to be anyone who is a registrable person or registrable relevant legal entity in relation to the company.</p></content></level></subsection><subsection><num>(2)</num><intro><p>A notice under subsection (1) must —</p></intro><level class="para1"><num>(a)</num><content><p>state that the company has that knowledge or cause to believe, and</p></content></level><level class="para1"><num>(b)</num><content><p>specify the date on which the company first had that knowledge or cause to believe.</p></content></level></subsection><subsection><num>(3)</num><content><p>A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company first had the knowledge or cause to believe mentioned in that subsection.</p></content></subsection></section><section><num>790LI</num><heading>Power to create further duties to notify information</heading><subsection><num>(1)</num><intro><p>The Secretary of State may by regulations impose further duties on a company to deliver information to the registrar about—</p></intro><level class="para1"><num>(a)</num><content><p>registrable persons, or registrable relevant legal entities, in relation to the company (including information about whether it has any);</p></content></level><level class="para1"><num>(b)</num><content><p>compliance with Chapter 2 by the company or any person to whom the company has given a notice under that Chapter (including provision requiring a company to provide the registrar with a copy of any such notice, whether on request or otherwise).</p></content></level></subsection><subsection><num>(2)</num><content><p>The provision that may be made by regulations under subsection (1) includes provision amending this Part.</p></content></subsection><subsection><num>(3)</num><content><p>The consequential provision that may be made by regulations under subsection (1) by virtue of section 1292(1) also includes provision amending any other provision of this Act.</p></content></subsection><subsection><num>(4)</num><content><p>Regulations under this section are subject to affirmative resolution procedure.</p></content></subsection></section><section><num>790LJ</num><heading>Persons with significant control: offence of failure to notify</heading><subsection><num>(1)</num><intro><p>If a company fails, without reasonable excuse, to comply with section 790LA, 790LC, 790LD, 790LE, 790LF, 790LG or 790LH, or regulations under section 790LI, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection><num>(2)</num><content><p>For this purpose a shadow director is treated as an officer of the company.</p></content></subsection><subsection><num>(3)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.</p></content></subsection></section><section><num>790LK</num><heading>Power of court to order company to remedy defaults or delay</heading><subsection eId="d28e35288"><num>(1)</num><content><p>Where a company makes default in complying with section 790LA, 790LC, 790LD, 790LE, 790LF, 790LG or 790LH, or regulations under section 790LI, an application may be made to the court for an order requiring the company to deliver to the registrar the information (or statements) necessary to rectify the position.</p></content></subsection><subsection><num>(2)</num><intro><p>The application may be made by—</p></intro><level class="para1"><num>(a)</num><content><p>any person aggrieved by the default,</p></content></level><level class="para1"><num>(b)</num><content><p>any member of the company, or</p></content></level><level class="para1"><num>(c)</num><content><p>any person who is a registrable person or a registrable relevant legal entity in relation to the company.</p></content></level></subsection><subsection><num>(3)</num><content><p>On an application under subsection (1) the court may either refuse the application or may make the order and order the company to pay any damages sustained by any party aggrieved.</p></content></subsection><subsection><num>(4)</num><intro><p>On an application under subsection (1) the court may decide—</p></intro><level class="para1"><num>(a)</num><content><p>any question as to whether the name of any person who is a party to the application should or should not be included in or omitted from information delivered to the registrar under this Chapter about persons who are a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>any question necessary or expedient to be decided for rectifying the position.</p></content></level></subsection><subsection><num>(5)</num><content><p>Nothing in this section affects a person’s rights under section 1094 or 1096 (rectification of register).</p></content></subsection></section><section eId="d28e35351"><num>790LL</num><heading>Information as to whether information has been delivered</heading><subsection eId="d28e35355"><num>(1)</num><content><p>A person may request a company to tell the person whether all of the information that it is required to deliver to the registrar under this Chapter has been delivered.</p></content></subsection><subsection><num>(2)</num><content><p>The company must comply with the request within the period of 14 days beginning with the day on which the request is made.</p></content></subsection><subsection eId="d28e35367"><num>(3)</num><intro><p>If the company fails, without reasonable excuse, to do so, an offence is committed by—</p></intro><level class="para1"><num>(a)</num><content><p>the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>every officer of the company who is in default.</p></content></level></subsection><subsection eId="d28e35385"><num>(4)</num><content><p>A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale.</p></content></subsection><subsection><num>(5)</num><content><p>Subsection (1) does not apply in relation to information if the company is aware that, by virtue of regulations under section 1088, the registrar is required to refrain from making that information available for public inspection.</p></content></subsection></section></hcontainer></chapter></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-19" class="schProv1"><num>19</num><content><p>Omit Chapters 3 and 4 of Part 21A (company registers of people with significant control etc).</p></content></paragraph><paragraph eId="schedule-2-paragraph-20" class="schProv1"><num>20</num><subparagraph eId="schedule-2-paragraph-20-1"><num>(1)</num><content><p>Schedule 1B (enforcement of disclosure requirements in relation to persons with significant control) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-2-paragraph-20-2"><num>(2)</num><intro><p><mod>In each of the following provisions, for “or 790E” substitute <quotedText>“, 790DA, 790E or 790EA”</quotedText>—</mod></p></intro><level class="para1" eId="schedule-2-paragraph-20-2-a"><num>(a)</num><content><p>paragraph 1(1)(a) and (3)(a);</p></content></level><level class="para1" eId="schedule-2-paragraph-20-2-b"><num>(b)</num><content><p>paragraph 8(3)(a);</p></content></level><level class="para1" eId="schedule-2-paragraph-20-2-c"><num>(c)</num><content><p>paragraph 11(a) and (b);</p></content></level><level class="para1" eId="schedule-2-paragraph-20-2-d"><num>(d)</num><content><p>paragraph 12(2)(b).</p></content></level></subparagraph><subparagraph eId="schedule-2-paragraph-20-3"><num>(3)</num><content><p><mod>For paragraphs 13 and 14 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="crossheading" class="schGroup7"><heading>Offence of failing to comply with notices</heading><paragraph class="schProv1"><num>13</num><subparagraph><num>(1)</num><content><p>A person to whom a notice under section 790D, 790DA, 790E or 790EA is addressed commits an offence if the person fails, without reasonable excuse, to comply with the notice.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Where the person is a legal entity, the offence is also committed by every officer of the entity who is in default.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>A person guilty of an offence under this paragraph is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both).</p></content></level></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Offence of failing to provide information</heading><paragraph class="schProv1"><num>14</num><subparagraph><num>(1)</num><content><p>A person commits an offence if the person fails, without reasonable excuse, to comply with a duty under section 790G, 790H or 790HA.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Where the person is a legal entity, the offence is also committed by every officer of the entity who is in default.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>A person guilty of an offence under this paragraph is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both).</p></content></level></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>False statements: basic offence</heading><paragraph class="schProv1"><num>14A</num><subparagraph><num>(1)</num><content><p>A person commits an offence if, in purported compliance with a notice under section 790D, 790DA, 790E or 790EA or in purported compliance with a duty imposed by section 790G, 790H or 790HA, and without reasonable excuse, the person makes a statement that is misleading, false or deceptive in a material particular.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Where the person is a legal entity, the offence is also committed by every officer of the entity who is in default.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>A person guilty of an offence under this paragraph is liable on summary conviction—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales, to a fine;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, to a fine not exceeding level 5 on the standard scale;</p></content></level><level class="para1"><num>(c)</num><content><p>in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>False statements: aggravated offence</heading><paragraph class="schProv1"><num>14B</num><subparagraph><num>(1)</num><content><p>A person commits an offence if, in purported compliance with a notice under section 790D, 790DA, 790E or 790EA or in purported compliance with a duty imposed by section 790G, 790H or 790HA, the person makes a statement that the person knows is misleading, false or deceptive in a material particular.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Where the person is a legal entity, the offence is also committed by every officer of the entity who is in default.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>A person guilty of an offence under this paragraph is liable—</p></intro><level class="para1"><num>(a)</num><content><p>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both);</p></content></level><level class="para1"><num>(b)</num><intro><p>on summary conviction—</p></intro><level class="para2"><num>(i)</num><content><p>in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or to a fine (or both);</p></content></level><level class="para2"><num>(ii)</num><content><p>in Scotland, to imprisonment for a term not exceeding twelve months or to a fine not exceeding the statutory maximum (or both);</p></content></level><level class="para2"><num>(iii)</num><content><p>in Northern Ireland, to imprisonment for a term not exceeding six months or to a fine not exceeding the statutory maximum (or both).</p></content></level></level></subparagraph></paragraph></hcontainer></quotedStructure></mod></p></content></subparagraph></paragraph></part><part eId="schedule-2-part-4"><num>PART 4</num><heading>Consequential amendments</heading><paragraph eId="schedule-2-paragraph-21" class="schProv1"><num>21</num><content><p>The Companies Act 2006 is amended as follows.</p></content></paragraph><paragraph eId="schedule-2-paragraph-22" class="schProv1"><num>22</num><subparagraph eId="schedule-2-paragraph-22-1"><num>(1)</num><content><p>Section 12 (statement of proposed officers) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-2-paragraph-22-2"><num>(2)</num><content><p><mod>In subsection (1), for “particulars of” substitute <quotedText>“information about”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-2-paragraph-22-3"><num>(3)</num><content><p><mod>For subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><intro><p>For the required information—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to proposed directors, see sections 167J and 167K;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to proposed secretaries or joint secretaries, see sections 279J and 279K.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-2-paragraph-23" class="schProv1"><num>23</num><content><p><mod>In section 12A (statement of initial significant control), for subsection (1) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1)</num><intro><p>The statement of initial significant control required to be delivered to the registrar must—</p></intro><level class="para1" eId="d28e35739"><num>(a)</num><content><p>state whether, on incorporation, there will be anyone who is either a registrable person or a registrable relevant legal entity in relation to the company, and</p></content></level><level class="para1"><num>(b)</num><content><p>include the required particulars of any such person.</p></content></level></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-24" class="schProv1"><num>24</num><subparagraph eId="schedule-2-paragraph-24-1"><num>(1)</num><content><p>Section 95 (statement of proposed secretary) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-2-paragraph-24-2"><num>(2)</num><content><p><mod>In subsection (1), for “particulars of” substitute <quotedText>“information about”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-2-paragraph-24-3"><num>(3)</num><content><p><mod>For subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><content><p>For the required information in relation to proposed secretaries or joint secretaries, see sections 279J and 279K.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-2-paragraph-25" class="schProv1"><num>25</num><subparagraph eId="schedule-2-paragraph-25-1"><num>(1)</num><content><p>Section 156 (direction requiring company to make appointment of director) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-2-paragraph-25-2"><num>(2)</num><content><p><mod>In subsections (4)(b) and (5), for “section 167” substitute <quotedText>“section 167G”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-2-paragraph-25-3"><num>(3)</num><content><p><mod>After subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5A)</num><content><p>Nothing in subsection (4) or (5) affects the duty imposed by section 167G to give notice within the period mentioned in subsection (6) of that section.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-2-paragraph-26" class="schProv1"><num>26</num><content><p>In section 156B (power to provide for exceptions from requirement that each director to be a natural person), omit subsection (5).</p></content></paragraph><paragraph eId="schedule-2-paragraph-27" class="schProv1"><num>27</num><content><p><mod>In section 156C (existing director who is not a natural person), for subsections (3) to (5) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3)</num><content><p>If it appears to the registrar that, as a result of subsection (2), a company should have given notice under section 167G of a person having ceased to be a director but has failed to do so, the registrar must include a note in the register recording that fact.</p></content></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-28" class="schProv1"><num>28</num><intro><p>In section 853B (duties to notify a relevant event)—</p></intro><level class="para1" eId="schedule-2-paragraph-28-a"><num>(a)</num><content><p><mod>for paragraph (c) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>the duty to give notice of a change as mentioned in section 167G or 167H (changes in directors or required information about a director);</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="schedule-2-paragraph-28-b"><num>(b)</num><content><p>omit paragraph (d);</p></content></level><level class="para1" eId="schedule-2-paragraph-28-c"><num>(c)</num><content><p><mod>for paragraph (e) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>the duty to give notice of a change as mentioned in section 279G or 279H (change in secretary or joint secretaries or in required information about a secretary or joint secretary);</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="schedule-2-paragraph-28-d"><num>(d)</num><content><p>omit paragraphs (f) and (fa);</p></content></level><level class="para1" eId="schedule-2-paragraph-28-e"><num>(e)</num><content><p><mod>for paragraph (g) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(g)</num><content><p>the duty to deliver anything as mentioned in section 790LA, 790LC, 790LD, 790LE, 790LF, 790LG or 790LH (information about persons with significant control);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></paragraph><paragraph eId="schedule-2-paragraph-29" class="schProv1"><num>29</num><content><p><mod>In section 1079B (duty to notify directors), in subsections (1)(b) and (2)(b), for “section 167 or 167D” substitute <quotedText>“section 167G”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-30" class="schProv1"><num>30</num><content><p><mod>In section 1136 (regulations about where certain company records to be kept available for inspection), in subsection (2), omit—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 162 (register of directors);</p></item></blockList></quotedStructure></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 275 (register of secretaries);</p></item></blockList></quotedStructure></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 790M (register of people with significant control over a company);</p></item></blockList></quotedStructure></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>section 790Z (historic PSC register);</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph><paragraph eId="schedule-2-paragraph-31" class="schProv1"><num>31</num><intro><p>In paragraph 4 of Schedule 5 (communications by a company)—</p></intro><level class="para1" eId="schedule-2-paragraph-31-a"><num>(a)</num><content><p><mod>in sub-paragraph (1)(d), for “the company’s register of directors” substitute <quotedText>“the register”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-2-paragraph-31-b"><num>(b)</num><content><p>omit sub-paragraph (1A).</p></content></level></paragraph><paragraph eId="schedule-2-paragraph-32" class="schProv1"><num>32</num><intro><p>In Schedule 8 (index of defined expressions), omit the entries relating to—</p></intro><hcontainer name="definition"><content><p>“the central register”;</p></content></hcontainer><hcontainer name="definition"><content><p>“PSC register”;</p></content></hcontainer><hcontainer name="definition"><content><p>“register of directors”;</p></content></hcontainer><hcontainer name="definition"><content><p>“register of directors’ residential addresses”;</p></content></hcontainer><hcontainer name="definition"><content><p>“register of secretaries”.</p></content></hcontainer></paragraph></part></hcontainer><hcontainer name="schedule" eId="schedule-3"><num>SCHEDULE 3<authorialNote class="referenceNote"><p>Section 94</p></authorialNote></num><heading>Disclosure of information: consequential amendments</heading><hcontainer name="crossheading" class="schGroup7" eId="d28e36014"><heading>Companies Act 2006</heading><paragraph eId="schedule-3-paragraph-1" class="schProv1"><num>1</num><content><p>The Companies Act 2006 is amended as follows.</p></content></paragraph><paragraph eId="schedule-3-paragraph-2" class="schProv1"><num>2</num><intro><p>In section 242 (protected information: restriction on disclosure by registrar), in subsection (3)—</p></intro><level class="para1" eId="schedule-3-paragraph-2-a"><num>(a)</num><content><p>omit the “or” at the end of paragraph (a);</p></content></level><level class="para1" eId="schedule-3-paragraph-2-b"><num>(b)</num><content><p><mod>at the end of paragraph (b) insert <quotedText startQuote="“">, or</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>as permitted by section <ref href="#d28e13362">1110F</ref> (general powers of disclosure by the registrar).</p></content></level></quotedStructure></mod></p></content></level></paragraph><paragraph eId="schedule-3-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-3-paragraph-3-1"><num>(1)</num><content><p>Section 243 (permitted disclosure by the registrar) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-3-paragraph-3-2"><num>(2)</num><content><p><mod>For subsection (2) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2)</num><content><p>The registrar may disclose protected information to a credit reference agency.</p></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-3-paragraph-3-3"><num>(3)</num><intro><p>In subsection (7), omit—</p></intro><level class="para1" eId="schedule-3-paragraph-3-3-a"><num>(a)</num><content><p>the definition of “public authority”;</p></content></level><level class="para1" eId="schedule-3-paragraph-3-3-b"><num>(b)</num><content><p>the “and” before that definition.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e36100"><heading>Economic Crime (Transparency and Enforcement) Act 2022</heading><paragraph eId="schedule-3-paragraph-4" class="schProv1"><num>4</num><content><p>The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows.</p></content></paragraph><paragraph eId="schedule-3-paragraph-5" class="schProv1"><num>5</num><content><p>In section 40 (sharing of information by HMRC), in subsection (1), omit “or the registrar”.</p></content></paragraph><paragraph eId="schedule-3-paragraph-6" class="schProv1"><num>6</num><content><p><mod>In section 44 (interpretation), in subsection (1), at the end of the definition of “document”, insert <quotedText>“and references to delivering a document are to be read in accordance with section 1114(1)(b) of the Companies Act 2006”</quotedText>.</mod></p></content></paragraph></hcontainer></hcontainer><hcontainer name="schedule" eId="schedule-4"><num>SCHEDULE 4<authorialNote class="referenceNote"><p>Section 110 </p></authorialNote></num><heading>Required information</heading><content><p>After section <ref href="#d28e23163">38</ref> of the Limited Partnerships Act 1907 (inserted by section 151 of this Act) insert the following as a Schedule to that Act—</p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="schedule" eId="d28e36148"><num>SCHEDULE</num><heading>Required information</heading><part><num>PART 1</num><heading>Introduction</heading><paragraph class="schProv1"><num>1</num><intro><p>In this Schedule—</p></intro><level class="para1"><num>(a)</num><content><p>Part <ref href="#d28e36223">2</ref> sets out the required information about a partner (or proposed partner) for the purposes of sections 8A, <ref href="#d28e18071">8R</ref>, <ref href="#d28e18233">8S</ref> and <ref href="#d28e18270">8T</ref>,</p></content></level><level class="para1"><num>(b)</num><content><p>Part <ref href="#d28e36373">3</ref> sets out the required information about a registered officer (or proposed registered officer) for the purposes of sections 8A, <ref href="#d28e17421">8L</ref>, <ref href="#d28e17495">8M</ref> and <ref href="#d28e18071">8R</ref>, and</p></content></level><level class="para1"><num>(c)</num><content><p>Part <ref href="#d28e36448">4</ref> sets out the required information about a named contact (or proposed named contact) for the purposes of sections 8A, <ref href="#d28e17421">8L</ref>, <ref href="#d28e17567">8N</ref>, <ref href="#d28e17646">8O</ref> and <ref href="#d28e18071">8R</ref>.</p></content></level></paragraph></part><part eId="d28e36223"><num>PART 2</num><heading>Partners</heading><hcontainer name="crossheading" class="schGroup7"><heading>Individuals</heading><paragraph eId="d28e36231" class="schProv1"><num>2</num><subparagraph><num>(1)</num><intro><p>Where a partner (or proposed partner) is an individual, the required information about the partner is—</p></intro><level class="para1" eId="d28e36241"><num>(a)</num><content><p>name, date of birth and nationality;</p></content></level><level class="para1" eId="d28e36247"><num>(b)</num><content><p>any relevant former names;</p></content></level><level class="para1"><num>(c)</num><content><p>usual residential address;</p></content></level><level class="para1"><num>(d)</num><content><p>the part of the United Kingdom in which the individual is usually resident or, if the individual is usually resident in a country or state outside the United Kingdom, that country or state;</p></content></level><level class="para1"><num>(e)</num><content><p>in the case of a general partner, a service address (which may be stated as “The limited partnership’s registered office”).</p></content></level></subparagraph><subparagraph eId="d28e36271"><num>(2)</num><intro><p>In sub-paragraph <ref href="#d28e36247">(1)(b)</ref> “<term refersTo="#term-relevant-former-name">relevant former name</term>” means any former name other than—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a peer, or an individual normally known by a British title, the name by which the individual was known previous to the adoption of or succession to the title, or</p></content></level><level class="para1"><num>(b)</num><intro><p>in the case of any person, a former name which—</p></intro><level class="para2"><num>(i)</num><content><p>was changed or disused before the person attained the age of 16 years, or</p></content></level><level class="para2"><num>(ii)</num><content><p>has been changed or disused for 20 years or more.</p></content></level></level></subparagraph><subparagraph eId="d28e36307"><num>(3)</num><intro><p>In this paragraph—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-former-name">former name</term>” means a name by which the individual was formerly known for business purposes;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-name">name</term>” means the individual’s forename and surname.</p></content></hcontainer></subparagraph><subparagraph><num>(4)</num><content><p>Where a partner (or proposed partner) who is an individual is a peer or an individual usually known by a title, any requirement imposed by this Act to provide the individual’s name because it forms part of the required information may be satisfied by providing that title instead of the individual’s forename and surname.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Legal entities</heading><paragraph class="schProv1"><num>3</num><intro><p>Where a partner (or proposed partner) is a legal entity, the required information about the partner is—</p></intro><level class="para1"><num>(a)</num><content><p>name;</p></content></level><level class="para1"><num>(b)</num><content><p>principal office;</p></content></level><level class="para1"><num>(c)</num><content><p>a service address (which may be stated as “The limited partnership’s registered office”);</p></content></level><level class="para1"><num>(d)</num><content><p>the legal form of the entity and the law by which it is governed;</p></content></level><level class="para1" eId="d28e36367"><num>(e)</num><content><p>in the case of a general partner, any register in which the general partner is entered (including details of the state) and, if applicable, its registration number in that register.</p></content></level></paragraph></hcontainer></part><part eId="d28e36373"><num>PART 3</num><heading>Registered officers</heading><paragraph class="schProv1"><num>4</num><subparagraph><num>(1)</num><intro><p>The required information about a registered officer (or proposed registered officer) is—</p></intro><level class="para1"><num>(a)</num><content><p>name, date of birth and nationality;</p></content></level><level class="para1" eId="d28e36394"><num>(b)</num><content><p>any relevant former names;</p></content></level><level class="para1"><num>(c)</num><content><p>usual residential address;</p></content></level><level class="para1"><num>(d)</num><content><p>the part of the United Kingdom in which the individual is usually resident or, if the individual is usually resident in a country or state outside the United Kingdom, that country or state;</p></content></level><level class="para1"><num>(e)</num><content><p>a service address (which may be stated as “The limited partnership’s registered office”).</p></content></level></subparagraph><subparagraph><num>(2)</num><content><p>In sub-paragraph <ref href="#d28e36394">(1)(b)</ref> “<term refersTo="#term-relevant-former-name">relevant former name</term>” has the meaning given by paragraph <ref href="#d28e36271">2(2)</ref>.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>In this paragraph “former name” and “name” have the meanings given by paragraph <ref href="#d28e36307">2(3)</ref>.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>Where a registered officer (or proposed registered officer) who is an individual is a peer or an individual usually known by a title, any requirement imposed by this Act to provide the individual’s name because it forms part of the required information may be satisfied by providing that title instead of the individual’s forename and surname.</p></content></subparagraph></paragraph></part><part eId="d28e36448"><num>PART 4</num><heading>Named contacts</heading><paragraph class="schProv1"><num>5</num><subparagraph><num>(1)</num><intro><p>The required information about a named contact (or proposed named contact) is—</p></intro><level class="para1"><num>(a)</num><content><p>name;</p></content></level><level class="para1"><num>(b)</num><content><p>usual residential address;</p></content></level><level class="para1"><num>(c)</num><content><p>email address.</p></content></level></subparagraph><subparagraph><num>(2)</num><content><p>In this paragraph “<term refersTo="#term-name">name</term>” has the meaning given by paragraph <ref href="#d28e36307">2(3)</ref>.</p></content></subparagraph></paragraph></part></hcontainer></quotedStructure></mod></p></content></hcontainer><hcontainer name="schedule" eId="schedule-5"><num>SCHEDULE 5<authorialNote class="referenceNote"><p>Section 152</p></authorialNote></num><heading>Limited partnerships: consequential amendments</heading><paragraph eId="schedule-5-paragraph-1" class="schProv1"><num>1</num><content><p>The Limited Partnerships Act 1907 is amended as follows.</p></content></paragraph><paragraph eId="schedule-5-paragraph-2" class="schProv1"><num>2</num><content><p><mod>Before section 1 (short title) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Short title and interpretation</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph><paragraph eId="schedule-5-paragraph-3" class="schProv1"><num>3</num><content><p><mod>Before section 4 (definition and constitution of limited partnership) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Definition and constitution of limited partnership</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph><paragraph eId="schedule-5-paragraph-4" class="schProv1"><num>4</num><content><p><mod>Before section 6 (modifications of general law in case of limited partnerships) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Application of other laws to limited partnerships</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph><paragraph eId="schedule-5-paragraph-5" class="schProv1"><num>5</num><content><p><mod>Before section 8 (duty to register and designate) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">Registration and designation</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph><paragraph eId="schedule-5-paragraph-6" class="schProv1"><num>6</num><content><p><mod>Before section 15 (the registrar) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><heading ukl:Context="Pblock">The registrar</heading></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph></hcontainer><hcontainer name="schedule" eId="schedule-6"><num>SCHEDULE 6<authorialNote class="referenceNote"><p>Section 163</p></authorialNote></num><heading>Duty to deliver information about changes in beneficiaries</heading><paragraph eId="schedule-6-paragraph-1" class="schProv1"><num>1</num><content><p>The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows.</p></content></paragraph><paragraph eId="schedule-6-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-6-paragraph-2-1"><num>(1)</num><content><p>Section 7 (updating duty) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-6-paragraph-2-2"><num>(2)</num><content><p><mod>In subsection (1)(a) and (b), for “statement and information mentioned” substitute <quotedText>“statements and information mentioned”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-6-paragraph-2-3"><num>(3)</num><intro><p>In subsection (3)—</p></intro><level class="para1" eId="schedule-6-paragraph-2-3-a"><num>(a)</num><content><p>omit the “and” at the end of paragraph (a);</p></content></level><level class="para1" eId="schedule-6-paragraph-2-3-b"><num>(b)</num><content><p><mod>at the end of paragraph (b) insert <quotedText startQuote="“">, and</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>the statement in row 1 of the table set out in subsection <ref href="#d28e36677">(4A)</ref>, or the statement and information listed in row 2 of that table.</p></content></level></quotedStructure></mod></p></content></level></subparagraph><subparagraph eId="schedule-6-paragraph-2-4"><num>(4)</num><intro><p>In subsection (4)—</p></intro><level class="para1" eId="schedule-6-paragraph-2-4-a"><num>(a)</num><content><p>omit the “and” at the end of paragraph (a);</p></content></level><level class="para1" eId="schedule-6-paragraph-2-4-b"><num>(b)</num><content><p><mod>at the end of paragraph (b) insert <quotedText startQuote="“">, and</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>in the case where the information provided under subsection (1)(b) includes information that a person who ceased to be a registrable beneficial owner was a trustee, the statement in row 1 of the table set out in subsection <ref href="#d28e36677">(4A)</ref>, or the statement and information listed in row 2 of that table.</p></content></level></quotedStructure></mod></p></content></level></subparagraph><subparagraph eId="schedule-6-paragraph-2-5"><num>(5)</num><content><p><mod>After subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e36677"><num>(4A)</num><content><p>This is the table referred to in subsections (3)(c) and (4)(c)—</p><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:6%"/><default:col span="1" style="width:52%"/><default:col span="1" style="width:42%"/><default:thead><default:tr><default:th/><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Information</p></default:th></default:tr></default:thead><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-color="black" fo:border-top-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">1</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">A statement that the entity has no reasonable cause to believe that anyone became or ceased to be a beneficiary under the trust at a time during the update period when the trustee was a registrable beneficial owner of the overseas entity.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"/></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">2</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">A statement that the entity has reasonable cause to believe that at least one person became or ceased to be a beneficiary under the trust at a time during the update period when the trustee was a registrable beneficial owner of the overseas entity.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-width="0.5pt" fo:border-left-color="black"><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered arabic period" ukl:Name="OrderedList" ukl:Type="arabic" ukl:Decoration="period"><item><num>1.</num><p>The information specified in paragraph 8(1)(d) of Schedule 1 about each such person, or so much of that information as the entity has been able to obtain.</p></item><item><num>2.</num><p>The date on which that person became or ceased to be a beneficiary under the trust, if the entity has been able to obtain that information.</p></item></blockList></default:td></default:tr></default:tbody></default:table></foreign></tblock></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-6-paragraph-2-6"><num>(6)</num><content><p><mod>For subsections (6) and (7) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6)</num><content><p>Any statements required by subsection (1)(a) or (b) must relate to the state of affairs as at the end of the update period.</p></content></subsection><subsection><num>(7)</num><intro><p>Any information—</p></intro><level class="para1"><num>(a)</num><content><p>required by subsection (1)(a) or (b) as a result of a person having become or ceased to be a beneficiary under a trust, or</p></content></level><level class="para1"><num>(b)</num><content><p>required by subsection (1)(b) as a result of a person having become or ceased to be a registrable beneficial owner of an overseas entity,</p></content></level><wrapUp><p>must relate to the time when the person so became or so ceased.</p></wrapUp></subsection><subsection><num>(7A)</num><content><p>Any other information required by subsection (1)(a) must relate to the state of affairs as at the end of the update period.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-6-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-6-paragraph-3-1"><num>(1)</num><content><p>Section 9 (application for removal) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-6-paragraph-3-2"><num>(2)</num><content><p><mod>In subsection (1)(b) and (c), for “statement and information mentioned” substitute <quotedText>“statements and information mentioned”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-6-paragraph-3-3"><num>(3)</num><intro><p>In subsection (3)—</p></intro><level class="para1" eId="schedule-6-paragraph-3-3-a"><num>(a)</num><content><p>omit the “and” at the end of paragraph (a);</p></content></level><level class="para1" eId="schedule-6-paragraph-3-3-b"><num>(b)</num><content><p><mod>at the end of paragraph (b) insert <quotedText startQuote="“">, and</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>the statement in row 1 of the table set out in subsection <ref href="#d28e36677">(4A)</ref>, or the statement and information listed in row 2 of that table.</p></content></level></quotedStructure></mod></p></content></level></subparagraph><subparagraph eId="schedule-6-paragraph-3-4"><num>(4)</num><intro><p>In subsection (4)—</p></intro><level class="para1" eId="schedule-6-paragraph-3-4-a"><num>(a)</num><content><p>omit the “and” at the end of paragraph (a);</p></content></level><level class="para1" eId="schedule-6-paragraph-3-4-b"><num>(b)</num><content><p><mod>at the end of paragraph (b) insert <quotedText startQuote="“">, and</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(c)</num><content><p>in the case where the information provided under subsection (1)(c) includes information that a person who ceased to be a registrable beneficial owner was a trustee, the statement in row 1 of the table set out in subsection <ref href="#d28e36843">(4A)</ref>, or the statement and information listed in row 2 of that table.</p></content></level></quotedStructure></mod></p></content></level></subparagraph><subparagraph eId="schedule-6-paragraph-3-5"><num>(5)</num><content><p><mod>After subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e36843"><num>(4A)</num><content><p>This is the table referred to in subsections (3)(c) and (4)(c)—</p><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:6%"/><default:col span="1" style="width:52%"/><default:col span="1" style="width:42%"/><default:thead><default:tr><default:th/><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Information</p></default:th></default:tr></default:thead><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-color="black" fo:border-top-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">1</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">A statement that the entity has no reasonable cause to believe that anyone became or ceased to be a beneficiary under the trust at a time during the relevant period when the trustee was a registrable beneficial owner of the overseas entity.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"/></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">2</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">A statement that the entity has reasonable cause to believe that at least one person became or ceased to be a beneficiary under the trust at a time during the relevant period when the trustee was a registrable beneficial owner of the overseas entity.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-width="0.5pt" fo:border-left-color="black"><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered arabic period" ukl:Name="OrderedList" ukl:Type="arabic" ukl:Decoration="period"><item><num>1.</num><p>The information specified in paragraph 8(1)(d) of Schedule 1 about each such person, or so much of that information as the entity has been able to obtain.</p></item><item><num>2.</num><p>The date on which that person became or ceased to be a beneficiary under the trust, if the entity has been able to obtain that information.</p></item></blockList></default:td></default:tr></default:tbody></default:table></foreign></tblock></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-6-paragraph-3-6"><num>(6)</num><content><p><mod>In subsection (6), for “subsection (2)” substitute <quotedText>“this section”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-6-paragraph-3-7"><num>(7)</num><content><p><mod>For subsections (7) and (8) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7)</num><content><p>Any statements required by subsection (1)(b) or (c) must relate to the state of affairs as at the time of the application for removal.</p></content></subsection><subsection><num>(8)</num><intro><p>Any information—</p></intro><level class="para1"><num>(a)</num><content><p>required by subsection (1)(b) or (c) as a result of a person having become or ceased to be a beneficiary under a trust, or</p></content></level><level class="para1"><num>(b)</num><content><p>required by subsection (1)(c) as a result of a person having become or ceased to be a registrable beneficial owner of an overseas entity,</p></content></level><wrapUp><p>must relate to the time when the person so became or so ceased.</p></wrapUp></subsection><subsection><num>(8A)</num><content><p>Any other information required by subsection (1)(b) must relate to the state of affairs as at the time of the application for removal.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-6-paragraph-4" class="schProv1"><num>4</num><content><p><mod>For section 12 substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>12</num><heading>Duty to take steps to obtain information</heading><subsection eId="d28e36946"><num>(1)</num><content><p>Before making an application for registration under section 4(1) an overseas entity must take reasonable steps to obtain all of the information that it is required to deliver to the registrar under that section if it is able to obtain it.</p></content></subsection><subsection eId="d28e36952"><num>(2)</num><content><p>Before complying with the updating duty under section 7 an overseas entity must take reasonable steps to obtain all of the information that it is required to deliver to the registrar under that section if it is able to obtain it.</p></content></subsection><subsection eId="d28e36958"><num>(3)</num><content><p>Before making an application for removal under section 9 an overseas entity must take reasonable steps to obtain all of the information that it is required to include in the application if it is able to obtain it.</p></content></subsection><subsection eId="d28e36964"><num>(4)</num><intro><p>The steps that an overseas entity must take by virtue of subsection <ref href="#d28e36946">(1)</ref>, <ref href="#d28e36952">(2)</ref> or <ref href="#d28e36958">(3)</ref> include giving a notice to any person that it knows, or has reasonable cause to believe, is a registrable beneficial owner in relation to the entity, requiring the person—</p></intro><level class="para1"><num>(a)</num><content><p>to state whether or not they are such a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>if they are, to provide or confirm information of the kind mentioned in subsection <ref href="#d28e36946">(1)</ref>, <ref href="#d28e36952">(2)</ref> or <ref href="#d28e36958">(3)</ref> so far as relating to the person, or a trust of which they are or were a trustee.</p></content></level></subsection><subsection eId="d28e37000"><num>(5)</num><intro><p>The steps that an overseas entity must take by virtue of subsection <ref href="#d28e36952">(2)</ref> or <ref href="#d28e36958">(3)</ref> also include giving a notice to any person that it knows, or has reasonable cause to believe, has ceased to be a registrable beneficial owner in relation to the entity during the update period (within the meaning of section 7) or relevant period (within the meaning of section 9), requiring the person—</p></intro><level class="para1"><num>(a)</num><content><p>to state whether or not they are such a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>if they are, to provide or confirm information of the kind mentioned in subsection <ref href="#d28e36952">(2)</ref> or <ref href="#d28e36958">(3)</ref> so far as relating to the person, or a trust of which they are or were a trustee.</p></content></level></subsection><subsection><num>(6)</num><content><p>A notice under subsection <ref href="#d28e36964">(4)</ref> or <ref href="#d28e37000">(5)</ref> must require the person to whom it is given to comply with the notice within the period of one month beginning with the day on which it is given.</p></content></subsection><subsection><num>(7)</num><content><p>A person given a notice under subsection <ref href="#d28e36964">(4)</ref> or <ref href="#d28e37000">(5)</ref> is not required by that notice to disclose any information in respect of which a claim to legal professional privilege or, in Scotland, confidentiality of communications, could be maintained in legal proceedings.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-6-paragraph-5" class="schProv1"><num>5</num><content><p><mod>In section 13, at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6)</num><content><p>A reference in this section to a person who is a registrable beneficial owner in relation to an overseas entity includes, in connection with the obtaining of information required by section 7(1)(b), 9(1)(c) or 42(1)(c)(i), a reference to a person who has ceased to be a registrable beneficial owner.</p></content></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-6-paragraph-6" class="schProv1"><num>6</num><content><p><mod>After section 17 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>17A</num><heading>Exceptions to duty to provide change of beneficiary information</heading><subsection><num>(1)</num><content><p>The Secretary of State may by regulations provide for exceptions to the requirement to deliver information by virtue of section 7(3)(c) or (4)(c) or 9(3)(c) or (4)(c).</p></content></subsection><subsection><num>(2)</num><content><p>The Secretary of State must consult the Scottish Ministers before making regulations under subsection (1) that contain provision that would be within the legislative competence of the Scottish Parliament if contained in an Act of that Parliament.</p></content></subsection><subsection><num>(3)</num><intro><p>The Secretary of State must consult the Department of Finance in Northern Ireland before making regulations under subsection (1) that contain provision that—</p></intro><level class="para1"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level><level class="para1"><num>(b)</num><content><p>would not, if contained in a Bill for an Act of the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State under section 8 of the Northern Ireland Act 1998.</p></content></level></subsection><subsection><num>(4)</num><content><p>Regulations under subsection (1) are subject to the negative resolution procedure.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-6-paragraph-7" class="schProv1"><num>7</num><content><p><mod>In section 43 (transitional information), after subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><content><p>In subsection (1) the reference to section 12 is to that section as it had effect before the amendments made by Schedule 6 to the Economic Crime and Corporate Transparency Act 2023 (duty to deliver information about changes in beneficiaries).</p></content></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-6-paragraph-8" class="schProv1"><num>8</num><content><p>In section 44 (interpretation), omit subsection (2).</p></content></paragraph></hcontainer><hcontainer name="schedule" eId="schedule-7"><num>SCHEDULE 7<authorialNote class="referenceNote"><p>Section 174</p></authorialNote></num><heading>Overseas entities: further information for transitional cases</heading><paragraph eId="schedule-7-paragraph-1" class="schProv1"><num>1</num><content><p>The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows.</p></content></paragraph><paragraph eId="schedule-7-paragraph-2" class="schProv1"><num>2</num><content><p><mod>In section 16 (verification of registrable beneficial owners and managing officers), in subsection (1), after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>complies with the duty under Schedule 6 (duty to deliver further information about transitional period).</p></content></level></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-7-paragraph-3" class="schProv1"><num>3</num><content><p><mod>After section 43 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>43A</num><heading>Duty to deliver further information for transitional cases</heading><content><p>Schedule 6 (duty to deliver further information for transitional cases) imposes further duties on overseas entities to deliver information.</p></content></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-7-paragraph-4" class="schProv1"><num>4</num><content><p><mod>After Schedule 5 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="schedule"><num>SCHEDULE 6</num><heading>Duty to deliver further information for transitional cases</heading><hcontainer name="crossheading" class="schGroup7"><heading>Application of this Schedule</heading><paragraph class="schProv1"><num>1</num><subparagraph eId="d28e37209"><num>(1)</num><intro><p>This Schedule applies in relation to an overseas entity if—</p></intro><level class="para1"><num>(a)</num><intro><p>the entity—</p></intro><level class="para2"><num>(i)</num><content><p>is registered as an overseas entity when this Schedule comes into force or has been so registered at any earlier time, and</p></content></level><level class="para2"><num>(ii)</num><content><p>was registered as the proprietor of a relevant interest in land in England and Wales or Scotland at any time during the relevant period, or</p></content></level></level><level class="para1"><num>(b)</num><content><p>the entity has committed an offence under paragraph 5 of Schedule 3 or paragraph 10 of Schedule 4 (duty to register as overseas entity in certain transitional cases).</p></content></level></subparagraph><subparagraph><num>(2)</num><intro><p>For the purposes of sub-paragraph <ref href="#d28e37209">(1)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>an overseas entity is registered as the proprietor of a relevant interest in land in England and Wales if the entity is registered in the register of title kept under the Land Registration Act 2002 as the proprietor of a qualifying estate within the meaning of Schedule 4A to that Act;</p></content></level><level class="para1" eId="d28e37254"><num>(b)</num><intro><p>an overseas entity is registered as the proprietor of a relevant interest in land in Scotland if the entity—</p></intro><level class="para2"><num>(i)</num><content><p>is entered, on or after 8 December 2014, as proprietor in the proprietorship section of the title sheet for a plot of land that is registered in the Land Register of Scotland,</p></content></level><level class="para2"><num>(ii)</num><content><p>in relation to a lease that was recorded in the General Register of Sasines or registered in the Land Register of Scotland before that date is, by virtue of an assignation of the lease registered in the Land Register of Scotland on or after that date, the tenant under the lease, or</p></content></level><level class="para2"><num>(iii)</num><content><p>is the tenant under a lease that was registered in the Land Register of Scotland on or after that date.</p></content></level></level></subparagraph><subparagraph><num>(3)</num><content><p>Expressions used in sub-paragraph <ref href="#d28e37254">(2)(b)</ref> are to be construed in accordance with section 9(11) and (12).</p></content></subparagraph><subparagraph><num>(4)</num><intro><p>In this Schedule “<term refersTo="#term-the-relevant-period">the relevant period</term>” means the period—</p></intro><level class="para1"><num>(a)</num><content><p>beginning with 28 February 2022;</p></content></level><level class="para1"><num>(b)</num><content><p>ending with 31 January 2023.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Duty to deliver statements and information</heading><paragraph eId="d28e37311" class="schProv1"><num>2</num><subparagraph eId="d28e37315"><num>(1)</num><intro><p>The overseas entity must deliver to the registrar—</p></intro><level class="para1"><num>(a)</num><content><p>any statements or information required by—</p><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>paragraph <ref href="#d28e37397">3</ref> (changes in beneficial ownership of overseas entity),</p></item><item><p>paragraph <ref href="#d28e37483">4</ref> (information about trusts and changes in beneficiaries under trusts), and</p></item><item><p>paragraph <ref href="#d28e37611">5</ref> (information about changes in trusts in which beneficial owners trustees),</p></item></blockList></content></level><level class="para1"><num>(b)</num><content><p>a statement that the entity has complied with paragraph <ref href="#d28e37741">8</ref> of this Schedule (duty to take steps to obtain information),</p></content></level><level class="para1"><num>(c)</num><content><p>anything required by regulations under section 16 (verification of information) to be delivered to the registrar, and</p></content></level><level class="para1"><num>(d)</num><content><p>the name and contact details of an individual who may be contacted about the statements and information.</p></content></level></subparagraph><subparagraph><num>(2)</num><intro><p>If an overseas entity is registered as an overseas entity when this Schedule comes into force it must deliver the statements and information required by this Schedule—</p></intro><level class="para1"><num>(a)</num><content><p>at the same time as it delivers the statements and information required by section 7 on the first occasion after the end of the period of 3 months beginning with the day on which this Schedule comes into force, or</p></content></level><level class="para1"><num>(b)</num><content><p>if it applies under section 9 for removal before then, at the same time as it delivers the statements and information required by that section.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>If an overseas entity is not registered as an overseas entity when this Schedule comes into force it must deliver the statements and information required by this Schedule within the period of 3 months beginning when it comes into force.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Information about changes in beneficial ownership</heading><paragraph eId="d28e37397" class="schProv1"><num>3</num><subparagraph eId="d28e37401"><num>(1)</num><content><p>The overseas entity must deliver to the registrar the statement in row 1 of the following table or the statement and information listed in row 2.</p><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:6%"/><default:col span="1" style="width:52%"/><default:col span="1" style="width:42%"/><default:thead><default:tr><default:th/><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Information</p></default:th></default:tr></default:thead><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-color="black" fo:border-top-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">1</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">A statement that the entity has noreasonable cause to believe that anyone became or ceased to be a registrable beneficial owner during the relevant period.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"/></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">2</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">A statement that the entity has reasonable cause to believe that at least one person became or ceased to be a registrable beneficial owner during the relevant period.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-width="0.5pt" fo:border-left-color="black"><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered arabic period" ukl:Name="OrderedList" ukl:Type="arabic" ukl:Decoration="period"><item><num>1.</num><p>The required information about each person who became or ceased to be a registrable beneficial owner during the relevant period, or so much of that information as the entity has been able to obtain.</p></item><item><num>2.</num><p>The date on which each of them became or ceased to be a registrable beneficial owner, if the entity has been able to obtain that information.</p></item></blockList></default:td></default:tr></default:tbody></default:table></foreign></tblock></content></subparagraph><subparagraph><num>(2)</num><intro><p>Where the information provided under sub-paragraph <ref href="#d28e37401">(1)</ref> includes information that the person who became or ceased to be a registrable beneficial owner was a registrable beneficial owner by virtue of being a trustee (see paragraphs 3(1)(f) and 5(1)(h) of Schedule 1), the overseas entity must also deliver to the registrar—</p></intro><level class="para1"><num>(a)</num><content><p>the required information about the trust or so much of that information as the overseas entity has been able to obtain, and</p></content></level><level class="para1"><num>(b)</num><content><p>a statement as to whether the entity has any reasonable cause to believe that there is required information about the trust that it has not been able to obtain.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>Statements required by this paragraph to be delivered to the registrar must relate to the time when they are delivered.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>Information required by this paragraph to be delivered to the registrar as a result of a person having become or ceased to be a registrable beneficial owner must relate to the state of affairs when the person became or ceased be a registrable beneficial owner.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>For the required information, see Schedule 1.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Information about trusts and changes in beneficiaries</heading><paragraph eId="d28e37483" class="schProv1"><num>4</num><subparagraph eId="d28e37487"><num>(1)</num><intro><p>The overseas entity must deliver to the registrar—</p></intro><level class="para1"><num>(a)</num><content><p>a statement that the entity has no reasonable cause to believe that there is any person who, at the end of the relevant period, was a registrable beneficial owner of the entity by virtue of being a trustee, or</p></content></level><level class="para1" eId="d28e37499"><num>(b)</num><content><p>a statement that the entity has reasonable cause to believe that there is at least one such person.</p></content></level></subparagraph><subparagraph><num>(2)</num><intro><p>Where a statement is delivered under sub-paragraph <ref href="#d28e37499">(1)(b)</ref> the overseas entity must also deliver to the registrar —</p></intro><level class="para1" eId="d28e37514"><num>(a)</num><content><p>the required information about each trust (a “relevant trust”) by virtue of which a trustee was a registrable beneficial owner of the entity at the end of the relevant period,</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to each relevant trust, a statement as to whether the entity has any reasonable cause to believe that there is required information about the trust that it has not been able to obtain, and</p></content></level><level class="para1" eId="d28e37526"><num>(c)</num><content><p>in relation to each relevant trust, the statement in row 1 of the table set out in sub-paragraph <ref href="#d28e37535">(3)</ref>, or the statement and information listed in row 2 of that table.</p></content></level></subparagraph><subparagraph eId="d28e37535"><num>(3)</num><content><p>This is the table referred to in sub-paragraph <ref href="#d28e37526">(2)(c)</ref>—</p><tblock class="table" ukl:Orientation="portrait"><foreign><default:table xmlns="http://www.w3.org/1999/xhtml"><default:col span="1" style="width:6%"/><default:col span="1" style="width:52%"/><default:col span="1" style="width:42%"/><default:thead><default:tr><default:th/><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Statement</p></default:th><default:th xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">Information</p></default:th></default:tr></default:thead><default:tbody><default:tr><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-top-color="black" fo:border-top-width="0.5pt" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">1</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">A statement that the entity has no reasonable cause to believe that anyone became or ceased to be a beneficiary under the trust during the relevant period.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-color="black" fo:border-top-width="0.5pt" fo:border-left-width="0.5pt" fo:border-left-style="solid" fo:border-top-color="black" fo:border-top-style="solid"/></default:tr><default:tr><default:td><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">2</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-color="black" fo:border-left-width="0.5pt"><p xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0">A statement that the entity has reasonable cause to believe that at least one person became or ceased to be a beneficiary under the trust during the relevant period.</p></default:td><default:td xmlns:fo="http://www.w3.org/1999/XSL/Format" fo:border-left-style="solid" fo:border-left-width="0.5pt" fo:border-left-color="black"><blockList xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="ordered arabic period" ukl:Name="OrderedList" ukl:Type="arabic" ukl:Decoration="period"><item><num>1.</num><p>The information specified in paragraph 8(1)(d) of Schedule 1 about each person who became or ceased to be a beneficiary under the trust during the relevant period, or so much of that information as the entity has been able to obtain.</p></item><item><num>2.</num><p>The date on which each of them became or ceased to be a beneficiary under the trust, if the entity has been able to obtain that information.</p></item></blockList></default:td></default:tr></default:tbody></default:table></foreign></tblock></content></subparagraph><subparagraph><num>(4)</num><content><p>Statements required by this paragraph to be delivered to the registrar must relate to the time when they are delivered.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>Information required by sub-paragraph <ref href="#d28e37514">(2)(a)</ref> to be delivered to the registrar must relate to the state of affairs at the end of the relevant period.</p></content></subparagraph><subparagraph><num>(6)</num><content><p>Information required by sub-paragraph <ref href="#d28e37526">(2)(c)</ref> to be delivered to the registrar as a result of a person having become or ceased to be a beneficiary under a trust must relate to the state of affairs when the person became or ceased be a beneficiary.</p></content></subparagraph><subparagraph><num>(7)</num><content><p>For the required information, see Schedule 1.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Information about changes in trusts of which registrable beneficial owners trustees</heading><paragraph eId="d28e37611" class="schProv1"><num>5</num><subparagraph><num>(1)</num><intro><p>The overseas entity must deliver to the registrar—</p></intro><level class="para1" eId="d28e37621"><num>(a)</num><intro><p>a statement that the entity has no reasonable cause to believe that there is any person who—</p></intro><level class="para2"><num>(i)</num><content><p>at the end of the relevant period, was a registrable beneficial owner of the entity by virtue of being a trustee of a trust,</p></content></level><level class="para2" eId="d28e37633"><num>(ii)</num><content><p>at any time during the relevant period was a registrable beneficial owner by virtue of being a trustee of a different trust, and</p></content></level><level class="para2"><num>(iii)</num><content><p>at the end of the relevant period was not a registrable beneficial owner of the entity by virtue of being a trustee of the trust mentioned in sub-paragraph <ref href="#d28e37633">(ii)</ref>, or</p></content></level></level><level class="para1" eId="d28e37648"><num>(b)</num><content><p>a statement that the entity has reasonable cause to believe that there is at least one such person.</p></content></level></subparagraph><subparagraph><num>(2)</num><intro><p>Where a statement is delivered under sub-paragraph <ref href="#d28e37648">(1)(b)</ref> the overseas entity must deliver to the registrar—</p></intro><level class="para1" eId="d28e37663"><num>(a)</num><content><p>the required information about each trust by virtue of which a trustee was a registrable beneficial owner of the entity at any time during the relevant period, or so much of that information as the overseas entity has been able to obtain, and</p></content></level><level class="para1" eId="d28e37669"><num>(b)</num><content><p>in relation to each such trust, a statement as to whether the entity has any reasonable cause to believe that there is required information about the trust that it has not been able to obtain.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>Statements required by this paragraph to be delivered to the registrar must relate to the time when they are delivered.</p></content></subparagraph><subparagraph><num>(4)</num><intro><p>Information required by sub-paragraph <ref href="#d28e37663">(2)(a)</ref> to be delivered to the registrar must relate to the state of affairs—</p></intro><level class="para1"><num>(a)</num><content><p>at the beginning of the relevant period, if the registrable beneficial owner was a trustee of the trust at that time, and</p></content></level><level class="para1"><num>(b)</num><content><p>otherwise, at the time at which the registrable beneficial owner became a trustee of the trust.</p></content></level></subparagraph><subparagraph><num>(5)</num><content><p>For the required information, see Schedule 1.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Compliance by confirmation of information previously provided</heading><paragraph class="schProv1"><num>6</num><content><p>A requirement imposed by paragraphs <ref href="#d28e37311">2</ref> to <ref href="#d28e37611">5</ref> to provide information may be met (in whole or in part) by confirming information previously provided.</p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Failure to comply with this Schedule</heading><paragraph class="schProv1"><num>7</num><content><p>Section 8 (offence of failure to comply with updating duty) applies in relation to a failure to comply with a duty imposed by paragraphs <ref href="#d28e37311">2</ref> to <ref href="#d28e37611">5</ref> of this Schedule as it applies in relation to a failure to comply with section 7.</p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Obtaining information</heading><paragraph eId="d28e37741" class="schProv1"><num>8</num><subparagraph><num>(1)</num><content><p>An overseas entity must comply with this paragraph before complying with the requirements imposed by paragraphs <ref href="#d28e37311">2</ref> to <ref href="#d28e37611">5</ref>.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>The entity must take reasonable steps—</p></intro><level class="para1"><num>(a)</num><content><p>to identify anyone who became or ceased to be a registrable beneficial owner during the relevant period, and</p></content></level><level class="para1"><num>(b)</num><intro><p>if it identities any such person, to obtain—</p></intro><level class="para2"><num>(i)</num><content><p>the information mentioned in row 2 of column 2 of the table in paragraph 3(1), and</p></content></level><level class="para2"><num>(ii)</num><content><p>in the case of anyone mentioned in paragraph 3(2), the information mentioned there.</p></content></level></level></subparagraph><subparagraph><num>(3)</num><intro><p>The entity must take reasonable steps—</p></intro><level class="para1"><num>(a)</num><content><p>to identify any person who, at the end relevant period, was a registrable beneficial owner by virtue of being a trustee, and</p></content></level><level class="para1"><num>(b)</num><intro><p>if it identities any such person, to obtain —</p></intro><level class="para2"><num>(i)</num><content><p>the information mentioned in paragraph 4(2)(a) about the relevant trust,</p></content></level><level class="para2"><num>(ii)</num><content><p>information as to whether anyone became or ceased to be a beneficiary under the relevant trust during the relevant period (a “relevant beneficiary”), and</p></content></level><level class="para2"><num>(iii)</num><content><p>the information mentioned in row 2 of column 2 of the table in paragraph 4(3) in relation to any relevant beneficiary.</p></content></level></level></subparagraph><subparagraph><num>(4)</num><intro><p>The entity must take reasonable steps—</p></intro><level class="para1"><num>(a)</num><content><p>to identify any person who falls within paragraph 5(1)(a)(i) to (iii), and</p></content></level><level class="para1"><num>(b)</num><content><p>if it identifies any such person, to obtain the information mentioned in paragraph 5(2)(a).</p></content></level></subparagraph><subparagraph><num>(5)</num><content><p>The steps that an overseas entity must take by virtue of this paragraph include giving an information notice under this paragraph to any person that it knows, or has reasonable cause to believe, falls within sub-paragraph (2)(a), (3)(a) or (4)(a).</p></content></subparagraph><subparagraph><num>(6)</num><content><p>An information notice under this paragraph is a notice requiring the recipient to provide the information mentioned in sub-paragraph (2)(b), (3)(b) or (4)(b).</p></content></subparagraph><subparagraph><num>(7)</num><content><p>Sections 15 to 15B (offences) apply in relation to information notices under this paragraph as they apply in relation to information notices under section 12.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Power to exclude descriptions of registrable beneficial owner</heading><paragraph class="schProv1"><num>9</num><subparagraph><num>(1)</num><content><p>The Secretary of State may by regulations provide that, for the purposes of any provision of this Schedule specified in the regulations, a person of a description so specified is not to be treated as a registrable beneficial owner of an overseas entity.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>No regulations may be made under sub-paragraph (1) after the end of the period of two years beginning with the day on which the Economic Crime and Corporate Transparency Act 2023 is passed.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>The Secretary of State must consult the Scottish Ministers before making regulations under sub-paragraph (1) that contain provision that would be within the legislative competence of the Scottish Parliament if contained in an Act of that Parliament.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>Regulations under sub-paragraph (1) are subject to the negative resolution procedure.</p></content></subparagraph></paragraph></hcontainer></hcontainer></quotedStructure></mod></p></content></paragraph></hcontainer><hcontainer name="schedule" eId="schedule-8"><num>SCHEDULE 8<authorialNote class="referenceNote"><p>Section 179</p></authorialNote></num><heading>Cryptoassets: confiscation orders</heading><part eId="schedule-8-part-1"><num>PART 1</num><heading>England and Wales</heading><hcontainer name="crossheading" class="schGroup7" eId="d28e37904"><heading>Introductory</heading><paragraph eId="schedule-8-paragraph-1" class="schProv1"><num>1</num><content><p>Part 2 of the Proceeds of Crime Act 2002 (confiscation: England and Wales) is amended as follows.</p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e37915"><heading>Seizure of property</heading><paragraph eId="schedule-8-paragraph-2" class="schProv1"><num>2</num><intro><p>In section 47B (conditions for exercise of seizure powers)—</p></intro><level class="para1" eId="schedule-8-paragraph-2-a"><num>(a)</num><content><p>in subsection (2), omit paragraph (b);</p></content></level><level class="para1" eId="schedule-8-paragraph-2-b"><num>(b)</num><content><p>in subsection (3), omit paragraph (b).</p></content></level></paragraph><paragraph eId="schedule-8-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-8-paragraph-3-1"><num>(1)</num><content><p>Section 47C (power to seize property) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-3-2"><num>(2)</num><content><p><mod>In subsection (2), after “not” insert <quotedText>“under subsection (1)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-3-3"><num>(3)</num><content><p><mod>After subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(5A)</num><content><p>On being satisfied as mentioned in section 47B(1) an appropriate officer may seize any free property if the officer has reasonable grounds for suspecting that it is a cryptoasset-related item.</p></content></subsection><subsection><num>(5B)</num><content><p>A “cryptoasset-related item” is an item of property that is, or that contains or gives access to information that is, likely to assist in the seizure under subsection (1) of any cryptoasset.</p></content></subsection><subsection><num>(5C)</num><content><p>The circumstances in which a cryptoasset is “<term refersTo="#term-seized">seized</term>” for the purposes of subsection (1) include circumstances in which it is transferred into a crypto wallet controlled by the appropriate officer.</p></content></subsection><subsection><num>(5D)</num><intro><p>If an appropriate officer is lawfully on any premises, the officer may, for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>determining whether any property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>enabling or facilitating the seizure under subsection (1) of any cryptoasset,</p></content></level><wrapUp><p>require any information which is stored in any electronic form and accessible from the premises to be produced in a form in which it can be taken away and in which it is visible and legible, or from which it can readily be produced in a visible and legible form.</p></wrapUp></subsection><subsection><num>(5E)</num><content><p>But subsection (5D) does not authorise an appropriate officer to require a person to produce information which the person would be entitled to refuse to provide on grounds of legal professional privilege in proceedings in the High Court.</p></content></subsection><subsection><num>(5F)</num><intro><p>Where an appropriate officer has seized a cryptoasset-related item under subsection (5A), they may use any information obtained from it for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>identifying or gaining access to a crypto wallet, and</p></content></level><level class="para1"><num>(b)</num><content><p>by doing so, enabling or facilitating the seizure under subsection (1) of any cryptoassets.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-4" class="schProv1"><num>4</num><content><p><mod>In section 47R (release of property), in subsection (3)(b), at the end insert <quotedText>“or (5A)”</quotedText>.</mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e38042"><heading>Detention and release of property</heading><paragraph eId="schedule-8-paragraph-5" class="schProv1"><num>5</num><content><p><mod>In section 47K (further detention pending making of restraint order), after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e38054"><num>(5)</num><content><p>Exempt property seized under section 47C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(6)</num><intro><p>In subsection (5)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 47C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 47G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-6" class="schProv1"><num>6</num><content><p><mod>In section 47L (further detention pending variation of restraint order), after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e38090"><num>(4)</num><content><p>Exempt property seized under section 47C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(5)</num><intro><p>In subsection (4)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 47C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 47G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-7" class="schProv1"><num>7</num><subparagraph eId="schedule-8-paragraph-7-1"><num>(1)</num><content><p>Section 47M (further detention in other cases) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-7-2"><num>(2)</num><content><p>In subsection (2)(b), omit “(within the meaning of section 47C(4))”.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-7-3"><num>(3)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e38142"><num>(2A)</num><intro><p>A magistrates’ court may by order extend the period for which the property may be detained under section 47J if satisfied that—</p></intro><level class="para1"><num>(a)</num><content><p>any of the conditions in section 47B is met (reading references in that section to the officer as references to the court),</p></content></level><level class="para1"><num>(b)</num><content><p>the property is free property, and</p></content></level><level class="para1"><num>(c)</num><content><p>there are reasonable grounds for suspecting that the property is a cryptoasset-related item.</p></content></level></subsection><subsection><num>(2B)</num><intro><p>An order under subsection (2A) may not be made in respect of exempt property unless the court is satisfied that the person applying for the order is working diligently and expeditiously—</p></intro><level class="para1"><num>(a)</num><content><p>to determine whether the property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>if it has already been determined to be such an item, to seize any related cryptoassets under section 47C(1).</p></content></level></subsection><subsection><num>(2C)</num><intro><p>An order under subsection (2A) may not extend the period for which the property may be detained beyond the period of—</p></intro><level class="para1"><num>(a)</num><content><p>six months beginning with the date of the order, or</p></content></level><level class="para1" eId="d28e38196"><num>(b)</num><content><p>in the case of exempt property, 14 days beginning with that date.</p></content></level><wrapUp><p>This does not prevent the period from being further extended by another order under this section.</p></wrapUp></subsection><subsection><num>(2D)</num><content><p>The period of 14 days referred to in subsection (2C)(b) is to be calculated in accordance with section 47H(7) (reading the reference there to 48 hours as a reference to 14 days).</p></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-7-4"><num>(4)</num><content><p><mod>In subsection (6), after “section” insert <quotedText startQuote="“">—</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 47C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-8" class="schProv1"><num>8</num><content><p><mod>In section 47R (release of property), after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection eId="d28e38239"><num>(6)</num><intro><p>If a cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, the appropriate officer may—</p></intro><level class="para1"><num>(a)</num><content><p>retain the item and deal with it as they see fit,</p></content></level><level class="para1"><num>(b)</num><content><p>dispose of the item, or</p></content></level><level class="para1"><num>(c)</num><content><p>destroy the item.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The powers in subsection (6) may be exercised only—</p></intro><level class="para1"><num>(a)</num><intro><p>where the appropriate officer has taken reasonable steps to notify—</p></intro><level class="para2"><num>(i)</num><content><p>the person from whom the item was seized, and</p></content></level><level class="para2"><num>(ii)</num><content><p>any other persons who the appropriate officer has reasonable grounds to believe have an interest in the item,</p></content></level><wrapUp><p>that the item has been released, and</p></wrapUp></level><level class="para1" eId="d28e38289"><num>(b)</num><content><p>with the approval of a senior officer.</p></content></level></subsection><subsection><num>(8)</num><content><p>“Senior officer” in subsection (7)(b) has the meaning given in section 47G(3).</p></content></subsection><subsection><num>(9)</num><content><p>Any proceeds of a disposal of the item are to be paid into the Consolidated Fund.</p></content></subsection></quotedStructure></mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e38307"><heading>Property held by persons subject to confiscation orders: destruction, realisation etc</heading><paragraph eId="schedule-8-paragraph-9" class="schProv1"><num>9</num><content><p><mod>In section 10A (determination of extent of defendant’s interest in property), in subsection (3)(a), after “realisation” insert <quotedText>“or destruction”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-10" class="schProv1"><num>10</num><subparagraph eId="schedule-8-paragraph-10-1"><num>(1)</num><content><p>Section 51 (powers of enforcement receiver) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-10-2"><num>(2)</num><content><p><mod>In subsection (2), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1" eId="d28e38340"><num>(e)</num><content><p>so far as the property consists of cryptoassets, power to destroy the property.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-10-3"><num>(3)</num><content><p><mod>In subsection (8)(a), for “or (c)” substitute <quotedText>“, (c) or (e)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-10-4"><num>(4)</num><content><p><mod>After subsection (9) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(9A)</num><intro><p>The court may confer the power mentioned in subsection (2)(e) only where—</p></intro><level class="para1"><num>(a)</num><content><p>it is not reasonably practicable to realise the cryptoassets in question, or</p></content></level><level class="para1"><num>(b)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></subsection><subsection><num>(9B)</num><intro><p>An order conferring that power—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the court’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may confer power to destroy the cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(9C)</num><content><p>If the receiver destroys any cryptoassets in the exercise of that power, the defendant is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-11" class="schProv1"><num>11</num><subparagraph eId="schedule-8-paragraph-11-1"><num>(1)</num><content><p>Section 67 (seized money) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-11-2"><num>(2)</num><content><p><mod>In subsection (1)(b), for “bank or a building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-11-3"><num>(3)</num><intro><p>In subsection (5A)—</p></intro><level class="para1" eId="schedule-8-paragraph-11-3-a"><num>(a)</num><content><p><mod>for “a bank or building society” substitute <quotedText>“a relevant financial institution”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-8-paragraph-11-3-b"><num>(b)</num><content><p><mod>for “the bank or building society” substitute <quotedText>“the relevant financial institution”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-8-paragraph-11-4"><num>(4)</num><content><p><mod>In subsection (6), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-11-5"><num>(5)</num><content><p><mod>In subsection (7A), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-11-6"><num>(6)</num><intro><p>In subsection (8)—</p></intro><level class="para1" eId="schedule-8-paragraph-11-6-a"><num>(a)</num><content><p><mod>in paragraph (a) of the definition of “appropriate person”, for the words from “a bank” to the end substitute <quotedText>“a relevant financial institution, the relevant financial institution”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-8-paragraph-11-6-b"><num>(b)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-electronic-money-institution">electronic money institution</term>” has the same meaning as in the Electronic Money Regulations 2011 (<ref eId="c00038" href="http://www.legislation.gov.uk/id/uksi/2011/99">S.I. 2011/99</ref>) (see regulation 2 of those Regulations);</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-payment-institution">payment institution</term>” means an authorised payment institution or a small payment institution (each as defined in regulation 2 of the Payment Services Regulations 2017 (<ref eId="c00039" href="http://www.legislation.gov.uk/id/uksi/2017/752">S.I. 2017/752</ref>));</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-financial-institution">relevant financial institution</term>” means a bank, a building society, an electronic money institution or a payment institution;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-8-paragraph-11-7"><num>(7)</num><content><p><mod>For the heading substitute <quotedText>“Money”</quotedText>.</mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-12" class="schProv1"><num>12</num><content><p><mod>After section 67 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>67ZA</num><heading>Cryptoassets</heading><subsection><num>(1)</num><intro><p>This section applies to cryptoassets which—</p></intro><level class="para1"><num>(a)</num><content><p>are held by a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>are held in a crypto wallet administered by a UK-connected cryptoasset service provider,</p></content></level><wrapUp><p>but only so far as the cryptoassets are free property.</p></wrapUp></subsection><subsection><num>(2)</num><intro><p>Subsection (3) applies if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against a person holding cryptoassets to which this section applies, and</p></content></level><level class="para1"><num>(b)</num><content><p>a receiver has not been appointed under section 50 in relation to the cryptoassets.</p></content></level></subsection><subsection><num>(3)</num><intro><p>A magistrates’ court may order the UK-connected cryptoasset service provider which administers the crypto wallet in which the cryptoassets are held—</p></intro><level class="para1"><num>(a)</num><content><p>to realise the cryptoassets, or a portion of the cryptoassets having a specified value,</p></content></level><level class="para1"><num>(b)</num><content><p>to pay the proceeds of that realisation to the designated officer for the court on account of, and up to a maximum of, the amount payable under the confiscation order, and</p></content></level><level class="para1"><num>(c)</num><content><p>to the extent that the proceeds of the realisation exceed the amount payable under the confiscation order, to pay the excess to an appropriate officer identified in the order.</p></content></level><wrapUp><p>“<term refersTo="#term-appropriate-officer">Appropriate officer</term>” has the same meaning as in section 41A.</p></wrapUp></subsection><subsection><num>(4)</num><content><p>A person applying for an order under subsection (3) must give notice of the application to the UK-connected cryptoasset service provider.</p></content></subsection><subsection><num>(5)</num><intro><p>Where the crypto wallet in which the cryptoassets are held is administered on behalf of someone other than the person against whom the confiscation order is made, a magistrates’ court—</p></intro><level class="para1"><num>(a)</num><content><p>may make an order under subsection (3) only if the extent of the person’s interest in the money has been determined under section 10A, and</p></content></level><level class="para1"><num>(b)</num><content><p>must have regard to that determination in deciding what is the appropriate order to make.</p></content></level></subsection><subsection><num>(6)</num><intro><p>If a UK-connected cryptoasset service provider fails to comply with an order under subsection (3)—</p></intro><level class="para1"><num>(a)</num><content><p>the magistrates’ court may order it to pay an amount not exceeding £5,000, and</p></content></level><level class="para1"><num>(b)</num><content><p>for the purposes of the Magistrates’ Courts Act 1980 the sum is to be treated as adjudged to be paid by a conviction of the court.</p></content></level></subsection><subsection><num>(7)</num><content><p>In order to take account of changes in the value of money the Secretary of State may by order substitute another sum for the sum for the time being specified in subsection (6)(a).</p></content></subsection><subsection><num>(8)</num><intro><p>Where a UK-connected cryptoasset service provider—</p></intro><level class="para1"><num>(a)</num><content><p>is required by an order under subsection (3) to realise a portion of cryptoassets having a specified value, but</p></content></level><level class="para1"><num>(b)</num><content><p>on realising cryptoassets under the order, obtains proceeds of an amount which differs from that value,</p></content></level><wrapUp><p>it does not fail to comply with the order solely because of that difference in value, provided that it took reasonable steps to obtain proceeds equal to the value specified.</p></wrapUp></subsection></section><section><num>67ZB</num><heading>Meaning of “UK-connected cryptoasset service provider”</heading><subsection><num>(1)</num><intro><p>“UK-connected cryptoasset service provider” in section 67ZA means a cryptoasset service provider which—</p></intro><level class="para1"><num>(a)</num><content><p>is acting in the course of business carried on by it in the United Kingdom,</p></content></level><level class="para1"><num>(b)</num><content><p>has terms and conditions with the persons to whom it provides services which provide for a legal dispute to be litigated in the courts of a part of the United Kingdom,</p></content></level><level class="para1"><num>(c)</num><content><p>holds in the United Kingdom any data relating to the persons to whom it provides services, or</p></content></level><level class="para1"><num>(d)</num><content><p>meets the condition in subsection (2).</p></content></level></subsection><subsection><num>(2)</num><intro><p>The condition in this subsection is that—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider has its registered office or, if it does not have one, its head office in the United Kingdom, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in the United Kingdom.</p></content></level></subsection><subsection><num>(3)</num><intro><p>“Cryptoasset service provider” in subsections (1) and (2) includes a cryptoasset exchange provider and a custodian wallet provider; and for this purpose—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para1"><num>(a)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets;</p></content></level><level class="para1"><num>(b)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another;</p></content></level><level class="para1"><num>(c)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para1"><num>(b)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets.</p></content></level></hcontainer></subsection><subsection><num>(4)</num><content><p>In the definition of “cryptoasset exchange provider” in subsection (3), “<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, a cryptoasset.</p></content></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions in subsection (3) (including by amending subsection (4)).</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-13" class="schProv1"><num>13</num><content><p><mod>After section 67A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>67AA</num><heading>Destruction of seized cryptoassets</heading><subsection><num>(1)</num><content><p>This section applies to cryptoassets which are held by a person and which have been seized by an appropriate officer under a relevant seizure power.</p></content></subsection><subsection><num>(2)</num><intro><p>A magistrates’ court may by order authorise an appropriate officer to destroy the cryptoassets if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against the person by whom the cryptoassets are held,</p></content></level><level class="para1"><num>(b)</num><content><p>a receiver has not been appointed under section 50 in relation to the cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>it is not reasonably practicable to realise the cryptoassets, or</p></content></level><level class="para2"><num>(ii)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></level></subsection><subsection><num>(3)</num><intro><p>An order under this section—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the court’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may authorise the destruction of cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(4)</num><content><p>Before making an order under this section, the court must give persons who hold interests in the cryptoassets a reasonable opportunity to make representations to it.</p></content></subsection><subsection><num>(5)</num><content><p>If cryptoassets held by a person are destroyed following an order under this section, the person is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-appropriate-officer">appropriate officer</term>” and “<term refersTo="#term-relevant-seizure-power">relevant seizure power</term>” have the same meaning as in section 41A.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-14" class="schProv1"><num>14</num><subparagraph eId="schedule-8-paragraph-14-1"><num>(1)</num><content><p>Section 67C (sections 67A and 67B: appeals) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-14-2"><num>(2)</num><content><p><mod>In subsection (1), for “67A” substitute <quotedText>“67ZA(3), 67A(3) or 67AA(2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-14-3"><num>(3)</num><content><p><mod>In subsection (2), for “67A” substitute <quotedText>“67ZA(3), 67A(3) or 67AA(2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-14-4"><num>(4)</num><content><p><mod>In subsection (3), for “67A(2)(a)” substitute <quotedText>“67ZA(2)(a), 67A(3)(a) or 67AA(2)(a) (as applicable)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-14-5"><num>(5)</num><content><p><mod>In the heading, for “67A and” substitute <quotedText>“67ZA to”</quotedText>.</mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-15" class="schProv1"><num>15</num><content><p><mod>In section 67D (proceeds of realisation), in subsection (1)(b), after “section” insert <quotedText>“67ZA or”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-16" class="schProv1"><num>16</num><content><p><mod>For the italic heading before section 67, substitute <quotedText>“Enforcement: money, cryptoassets and personal property”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-17" class="schProv1"><num>17</num><content><p><mod>In section 69 (powers of court and receiver etc), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>Subsection (2)(a) does not apply to—</p></intro><level class="para1"><num>(a)</num><content><p>the power conferred on a court by paragraph (e) of section 51(2) (which enables the court to give a receiver the power to destroy cryptoassets),</p></content></level><level class="para1"><num>(b)</num><content><p>a power conferred on a receiver by virtue of that paragraph, or</p></content></level><level class="para1"><num>(c)</num><content><p>the power conferred on a magistrates’ court by section 67AA (power to order destruction of cryptoassets).</p></content></level></subsection></quotedStructure></mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e39004"><heading>Interpretation and miscellaneous provision</heading><paragraph eId="schedule-8-paragraph-18" class="schProv1"><num>18</num><content><p><mod>After section 84 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>84A</num><heading>Cryptoassets etc</heading><subsection><num>(1)</num><content><p>“<term refersTo="#term-cryptoasset">Cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically.</p></content></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-crypto-wallet">Crypto wallet</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>software,</p></content></level><level class="para1"><num>(b)</num><content><p>hardware,</p></content></level><level class="para1"><num>(c)</num><content><p>a physical item, or</p></content></level><level class="para1"><num>(d)</num><content><p>any combination of the things mentioned in paragraphs (a) to (c),</p></content></level><wrapUp><p>which is used to store the cryptographic private key that allows cryptoassets to be accessed.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>“<term refersTo="#term-cryptoasset-related-item">Cryptoasset-related item</term>” has the meaning given in section 47C(5B).</p></content></subsection><subsection><num>(4)</num><intro><p>The circumstances in which a cryptoasset is taken to be “destroyed” include circumstances where it is—</p></intro><level class="para1"><num>(a)</num><content><p>disposed of,</p></content></level><level class="para1"><num>(b)</num><content><p>transferred, or</p></content></level><level class="para1"><num>(c)</num><content><p>otherwise dealt with,</p></content></level><wrapUp><p>in such a way as to ensure, or to make it virtually certain, that it will not be the subject of any further transactions or be dealt with again in any other way.</p></wrapUp></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions of “cryptoasset” and “crypto wallet” in this section.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph></hcontainer></part><part eId="schedule-8-part-2"><num>PART 2</num><heading>Scotland</heading><hcontainer name="crossheading" class="schGroup7" eId="d28e39113"><heading>Introductory</heading><paragraph eId="schedule-8-paragraph-19" class="schProv1"><num>19</num><content><p>Part 3 of the Proceeds of Crime Act 2002 (confiscation: Scotland) is amended as follows.</p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e39124"><heading>Seizure of property</heading><paragraph eId="schedule-8-paragraph-20" class="schProv1"><num>20</num><intro><p>In section 127B (conditions for exercise of seizure powers)—</p></intro><level class="para1" eId="schedule-8-paragraph-20-a"><num>(a)</num><content><p>in subsection (2), omit paragraph (b);</p></content></level><level class="para1" eId="schedule-8-paragraph-20-b"><num>(b)</num><content><p>in subsection (3), omit paragraph (b).</p></content></level></paragraph><paragraph eId="schedule-8-paragraph-21" class="schProv1"><num>21</num><subparagraph eId="schedule-8-paragraph-21-1"><num>(1)</num><content><p>Section 127C (power to seize property) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-21-2"><num>(2)</num><content><p><mod>In subsection (2), after “not” insert <quotedText>“under subsection (1)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-21-3"><num>(3)</num><content><p><mod>After subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(5A)</num><content><p>On being satisfied as mentioned in section 127B(1) an appropriate officer may seize any free property if the officer has reasonable grounds for suspecting that it is a cryptoasset-related item.</p></content></subsection><subsection><num>(5B)</num><content><p>A “cryptoasset-related item” is an item of property that is, or that contains or gives access to information that is, likely to assist in the seizure under subsection (1) of any cryptoasset.</p></content></subsection><subsection><num>(5C)</num><content><p>The circumstances in which a cryptoasset is “<term refersTo="#term-seized">seized</term>” for the purposes of subsection (1) include circumstances in which it is transferred into a crypto wallet controlled by the appropriate officer.</p></content></subsection><subsection><num>(5D)</num><intro><p>If an appropriate officer is lawfully on any premises, the officer may, for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>determining whether any property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>enabling or facilitating the seizure under subsection (1) of any cryptoasset,</p></content></level><wrapUp><p>require any information which is stored in any electronic form and accessible from the premises to be produced in a form in which it can be taken away and in which it is visible and legible, or from which it can readily be produced in a visible and legible form.</p></wrapUp></subsection><subsection><num>(5E)</num><content><p>But subsection (5D) does not authorise an appropriate officer to require a person to produce any items subject to legal privilege (as defined in section 412).</p></content></subsection><subsection><num>(5F)</num><intro><p>Where an appropriate officer has seized a cryptoasset-related item under subsection (5A), they may use any information obtained from it for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>identifying or gaining access to a crypto wallet, and</p></content></level><level class="para1"><num>(b)</num><content><p>by doing so, enabling or facilitating the seizure under subsection (1) of any cryptoassets.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-22" class="schProv1"><num>22</num><content><p><mod>In section 127Q (release of property), in subsection (3)(b), at the end insert <quotedText>“or (5A)”</quotedText>.</mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e39251"><heading>Detention and release of property</heading><paragraph eId="schedule-8-paragraph-23" class="schProv1"><num>23</num><content><p><mod>In section 127K (further detention pending making of restraint order), after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><content><p>Exempt property seized under section 127C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(6)</num><intro><p>In subsection (5)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 127C(4) (reading references there to the accused as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 127G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-24" class="schProv1"><num>24</num><content><p><mod>In section 127L (further detention pending variation of restraint order), after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><content><p>Exempt property seized under section 127C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(5)</num><intro><p>In subsection (4)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 127C(4) (reading references there to the accused as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 127G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-25" class="schProv1"><num>25</num><subparagraph eId="schedule-8-paragraph-25-1"><num>(1)</num><content><p>Section 127M (further detention in other cases) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-25-2"><num>(2)</num><content><p>In subsection (2)(b), omit “(within the meaning of section 127C(4))”.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-25-3"><num>(3)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>The sheriff may by order extend the period for which the property may be detained under section 127J if satisfied that—</p></intro><level class="para1"><num>(a)</num><content><p>any of the conditions in section 127B is met (reading references in that section to the officer as references to the sheriff),</p></content></level><level class="para1"><num>(b)</num><content><p>the property is free property, and</p></content></level><level class="para1"><num>(c)</num><content><p>there are reasonable grounds for suspecting that the property is a cryptoasset-related item.</p></content></level></subsection><subsection><num>(2B)</num><intro><p>An order under subsection (2A) may not be made in respect of exempt property unless the sheriff is satisfied that the person applying for the order is working diligently and expeditiously—</p></intro><level class="para1"><num>(a)</num><content><p>to determine whether the property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>if it has already been determined to be such an item, to seize any related cryptoassets under section 127C(1).</p></content></level></subsection><subsection><num>(2C)</num><intro><p>An order under subsection (2A) may not extend the period for which the property may be detained beyond the period of—</p></intro><level class="para1"><num>(a)</num><content><p>six months beginning with the date of the order, or</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of exempt property, 14 days beginning with that date.</p></content></level><wrapUp><p>This does not prevent the period from being further extended by another order under this section.</p></wrapUp></subsection><subsection><num>(2D)</num><content><p>The period of 14 days referred to in subsection (2C)(b) is to be calculated in accordance with section 127H(7) (reading the reference there to 48 hours as a reference to 14 days).</p></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-25-4"><num>(4)</num><content><p><mod>In subsection (6), after “section” insert <quotedText startQuote="“">—</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 127C(4) (reading references there to the accused as references to the person by whom the property is held);</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-26" class="schProv1"><num>26</num><content><p><mod>In section 127Q (release of property), after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6)</num><intro><p>If a cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, the appropriate officer may—</p></intro><level class="para1"><num>(a)</num><content><p>retain the item and deal with it as they see fit,</p></content></level><level class="para1"><num>(b)</num><content><p>dispose of the item, or</p></content></level><level class="para1"><num>(c)</num><content><p>destroy the item.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The powers in subsection (6) may be exercised only—</p></intro><level class="para1"><num>(a)</num><intro><p>where the appropriate officer has taken reasonable steps to notify—</p></intro><level class="para2"><num>(i)</num><content><p>the person from whom the item was seized, and</p></content></level><level class="para2"><num>(ii)</num><content><p>any other persons who the appropriate officer has reasonable grounds to believe have an interest in the item,</p></content></level><wrapUp><p>that the item has been released, and</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>with the approval of a senior officer.</p></content></level></subsection><subsection><num>(8)</num><content><p>“Senior officer” in subsection (7)(b) has the meaning given in section 127G(3).</p></content></subsection><subsection><num>(9)</num><content><p>Any proceeds of a disposal of the item are to be paid into the Scottish Consolidated Fund.</p></content></subsection></quotedStructure></mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e39516"><heading>Property held by persons subject to confiscation orders: destruction, realisation etc</heading><paragraph eId="schedule-8-paragraph-27" class="schProv1"><num>27</num><subparagraph eId="schedule-8-paragraph-27-1"><num>(1)</num><content><p>Section 128 (enforcement administrators) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-27-2"><num>(2)</num><content><p><mod>In subsection (6), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(d)</num><content><p>so far as the property consists of cryptoassets, power to destroy the property.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-27-3"><num>(3)</num><content><p><mod>In subsection (11)(a), for “or (c)” substitute <quotedText>“, (c) or (d)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-27-4"><num>(4)</num><content><p><mod>After subsection (13) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(13A)</num><intro><p>The court may confer the power mentioned in subsection (6)(d) only where—</p></intro><level class="para1"><num>(a)</num><content><p>it is not reasonably practicable to realise the cryptoassets in question, or</p></content></level><level class="para1"><num>(b)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></subsection><subsection><num>(13B)</num><intro><p>An order conferring that power—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the court’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may confer power to destroy the cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(13C)</num><content><p>If the administrator destroys any cryptoassets in the exercise of that power, the accused is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-28" class="schProv1"><num>28</num><subparagraph eId="schedule-8-paragraph-28-1"><num>(1)</num><content><p>Section 131ZA (seized money) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-28-2"><num>(2)</num><content><p><mod>In subsection (1)(b), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-28-3"><num>(3)</num><content><p><mod>In subsection (7), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-28-4"><num>(4)</num><intro><p>In subsection (9)—</p></intro><level class="para1" eId="schedule-8-paragraph-28-4-a"><num>(a)</num><content><p><mod>in paragraph (a) of the definition of “appropriate person”, for the words from “a bank” to the end substitute <quotedText>“a relevant financial institution, the relevant financial institution”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-8-paragraph-28-4-b"><num>(b)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-electronic-money-institution">electronic money institution</term>” has the same meaning as in the Electronic Money Regulations 2011 (<ref eId="c00040" href="http://www.legislation.gov.uk/id/uksi/2011/99">S.I. 2011/99</ref>) (see regulation 2 of those Regulations);</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-payment-institution">payment institution</term>” means an authorised payment institution or a small payment institution (each as defined in regulation 2 of the Payment Services Regulations 2017 (<ref eId="c00041" href="http://www.legislation.gov.uk/id/uksi/2017/752">S.I. 2017/752</ref>));</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-financial-institution">relevant financial institution</term>” means a bank, a building society, an electronic money institution or a payment institution;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-8-paragraph-28-5"><num>(5)</num><content><p><mod>For the heading substitute <quotedText>“Money”</quotedText>.</mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-29" class="schProv1"><num>29</num><content><p><mod>After section 131ZA insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>131ZB</num><heading>Cryptoassets</heading><subsection><num>(1)</num><intro><p>This section applies to cryptoassets which—</p></intro><level class="para1"><num>(a)</num><content><p>are held by a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>are held in a crypto wallet administered by a UK-connected cryptoasset service provider,</p></content></level><wrapUp><p>but only so far as the cryptoassets are free property.</p></wrapUp></subsection><subsection><num>(2)</num><intro><p>Subsection (3) applies if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against a person holding cryptoassets to which this section applies, and</p></content></level><level class="para1"><num>(b)</num><content><p>an administrator has not been appointed under section 128 in relation to the cryptoassets.</p></content></level></subsection><subsection><num>(3)</num><intro><p>The sheriff may order the UK-connected cryptoasset service provider which administers the crypto wallet in which the cryptoassets are held—</p></intro><level class="para1"><num>(a)</num><content><p>to realise the cryptoassets, or a portion of the cryptoassets having a specified value,</p></content></level><level class="para1"><num>(b)</num><content><p>to pay the proceeds of that realisation to the appropriate clerk of court on account of, and up to a maximum of, the amount payable under the confiscation order, and</p></content></level><level class="para1"><num>(c)</num><content><p>to the extent that the proceeds of the realisation exceed the amount payable under the confiscation order, to pay the excess to an appropriate officer identified in the order.</p></content></level></subsection><subsection><num>(4)</num><intro><p>In subsection (3)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-clerk-of-court">appropriate clerk of court</term>” means the sheriff clerk of the sheriff court responsible for enforcing the confiscation order under section 211 of the Procedure Act as applied by section 118(1);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-officer">appropriate officer</term>” has the same meaning as in section 120A.</p></content></hcontainer></subsection><subsection><num>(5)</num><intro><p>An order under subsection (3) may be made—</p></intro><level class="para1"><num>(a)</num><content><p>on the application of the prosecutor, or</p></content></level><level class="para1"><num>(b)</num><content><p>by the sheriff of the sheriff’s own accord.</p></content></level></subsection><subsection><num>(6)</num><intro><p>Where a UK-connected cryptoasset service provider—</p></intro><level class="para1"><num>(a)</num><content><p>is required by an order under subsection (3) to realise a portion of cryptoassets having a specified value, but</p></content></level><level class="para1"><num>(b)</num><content><p>on realising cryptoassets under the order, obtains proceeds of an amount which differs from that value,</p></content></level><wrapUp><p>it does not fail to comply with the order solely because of that difference in value, provided that it took reasonable steps to obtain proceeds equal to the value specified.</p></wrapUp></subsection></section><section><num>131ZC</num><heading>Meaning of “UK-connected cryptoasset service provider”</heading><subsection><num>(1)</num><intro><p>“UK-connected cryptoasset service provider” in section 131ZB means a cryptoasset service provider which—</p></intro><level class="para1"><num>(a)</num><content><p>is acting in the course of business carried on by it in the United Kingdom,</p></content></level><level class="para1"><num>(b)</num><content><p>has terms and conditions with the persons to whom it provides services which provide for a legal dispute to be litigated in the courts of a part of the United Kingdom,</p></content></level><level class="para1"><num>(c)</num><content><p>holds in the United Kingdom any data relating to the persons to whom it provides services, or</p></content></level><level class="para1"><num>(d)</num><content><p>meets the condition in subsection (2).</p></content></level></subsection><subsection><num>(2)</num><intro><p>The condition in this subsection is that—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider has its registered office or, if it does not have one, its head office in the United Kingdom, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in the United Kingdom.</p></content></level></subsection><subsection><num>(3)</num><intro><p>“Cryptoasset service provider” in subsections (1) and (2) includes a cryptoasset exchange provider and a custodian wallet provider; and for this purpose—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para1"><num>(a)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets;</p></content></level><level class="para1"><num>(b)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another;</p></content></level><level class="para1"><num>(c)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para1"><num>(b)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets.</p></content></level></hcontainer></subsection><subsection><num>(4)</num><content><p>In the definition of “cryptoasset exchange provider” in subsection (3), “<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, a cryptoasset.</p></content></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions in subsection (3) (including by amending subsection (4)).</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State must consult the Scottish Ministers before making regulations under subsection (5).</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-30" class="schProv1"><num>30</num><content><p><mod>After section 131A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>131AA</num><heading>Destruction of seized cryptoassets</heading><subsection><num>(1)</num><content><p>This section applies to cryptoassets which are held by a person and which have been seized by an appropriate officer under a relevant seizure power.</p></content></subsection><subsection><num>(2)</num><intro><p>The sheriff may by order authorise an appropriate officer to destroy the cryptoassets if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against the person by whom the cryptoassets are held,</p></content></level><level class="para1"><num>(b)</num><content><p>an administrator has not been appointed under section 128 in relation to the cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>it is not reasonably practicable to realise the cryptoassets, or</p></content></level><level class="para2"><num>(ii)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></level></subsection><subsection><num>(3)</num><intro><p>An order under this section may be made—</p></intro><level class="para1"><num>(a)</num><content><p>on the application of the prosecutor, or</p></content></level><level class="para1"><num>(b)</num><content><p>by the sheriff of the sheriff’s own accord.</p></content></level></subsection><subsection><num>(4)</num><intro><p>An order under this section—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the sheriff’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may authorise the destruction of cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(5)</num><content><p>Before making an order under this section, the sheriff must give persons who hold interests in the cryptoassets a reasonable opportunity to make representations to it.</p></content></subsection><subsection><num>(6)</num><content><p>If cryptoassets held by a person are destroyed following an order under this section, the person is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection><subsection><num>(7)</num><content><p>In this section “<term refersTo="#term-appropriate-officer">appropriate officer</term>” and “<term refersTo="#term-relevant-seizure-power">relevant seizure power</term>” have the same meaning as in section 120A.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-31" class="schProv1"><num>31</num><subparagraph eId="schedule-8-paragraph-31-1"><num>(1)</num><content><p>Section 131C (sections 131A and 131B: appeals) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-31-2"><num>(2)</num><content><p><mod>In subsection (1), for “131A” substitute <quotedText>“131A(3)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-31-3"><num>(3)</num><content><p><mod>After subsection (1) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(1A)</num><content><p>If a sheriff decides not to make an order under section 131ZB(3) or 131AA(2), the prosecutor may appeal to the Court of Session.</p></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-31-4"><num>(4)</num><content><p><mod>In subsection (2), for “131A” substitute <quotedText>“131ZB(3), 131A(3) or 131AA(2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-31-5"><num>(5)</num><content><p><mod>In subsection (3), for “131A(2)(a)” substitute <quotedText>“131ZB(2)(a), 131A(2)(a) or 131AA(2)(a) (as applicable)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-31-6"><num>(6)</num><content><p><mod>In the heading, for “131A and” substitute <quotedText>“131ZB to”</quotedText>.</mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-32" class="schProv1"><num>32</num><content><p><mod>In section 131D (proceeds of realisation), in subsection (1)(b), after “section” insert <quotedText>“131ZB or”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-33" class="schProv1"><num>33</num><content><p><mod>For the italic heading before section 131ZA, substitute <quotedText>“Enforcement: money, cryptoassets and personal property”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-34" class="schProv1"><num>34</num><content><p>Omit the italic heading before section 131A.</p></content></paragraph><paragraph eId="schedule-8-paragraph-35" class="schProv1"><num>35</num><content><p><mod>In section 132 (powers of court and administrator etc), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>Subsection (2)(a) does not apply to—</p></intro><level class="para1"><num>(a)</num><content><p>the power conferred on a court by paragraph (d) of section 128(6) (which enables the court to give an administrator the power to destroy cryptoassets),</p></content></level><level class="para1"><num>(b)</num><content><p>a power conferred on an administrator by virtue of that paragraph, or</p></content></level><level class="para1"><num>(c)</num><content><p>the power conferred on the sheriff by section 131AA (power to order destruction of cryptoassets).</p></content></level></subsection></quotedStructure></mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e40199"><heading>Interpretation and miscellaneous provision</heading><paragraph eId="schedule-8-paragraph-36" class="schProv1"><num>36</num><content><p><mod>After section 150 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>150A</num><heading>Cryptoassets etc</heading><subsection><num>(1)</num><content><p>“<term refersTo="#term-cryptoasset">Cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically.</p></content></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-crypto-wallet">Crypto wallet</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>software,</p></content></level><level class="para1"><num>(b)</num><content><p>hardware,</p></content></level><level class="para1"><num>(c)</num><content><p>a physical item, or</p></content></level><level class="para1"><num>(d)</num><content><p>any combination of the things mentioned in paragraphs (a) to (c),</p></content></level><wrapUp><p>which is used to store the cryptographic private key that allows cryptoassets to be accessed.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>“<term refersTo="#term-cryptoasset-related-item">Cryptoasset-related item</term>” has the meaning given in section 127C(5B).</p></content></subsection><subsection><num>(4)</num><intro><p>The circumstances in which a cryptoasset is taken to be “destroyed” include circumstances where it is—</p></intro><level class="para1"><num>(a)</num><content><p>disposed of,</p></content></level><level class="para1"><num>(b)</num><content><p>transferred, or</p></content></level><level class="para1"><num>(c)</num><content><p>otherwise dealt with,</p></content></level><wrapUp><p>in such a way as to ensure, or to make it virtually certain, that it will not be the subject of any further transactions or be dealt with again in any other way.</p></wrapUp></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions of “cryptoasset” and “crypto wallet” in this section.</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State must consult the Scottish Ministers before making regulations under subsection (5).</p></content></subsection></section></quotedStructure></mod></p></content></paragraph></hcontainer></part><part eId="schedule-8-part-3"><num>PART 3</num><heading>Northern Ireland</heading><hcontainer name="crossheading" class="schGroup7" eId="d28e40314"><heading>Introductory</heading><paragraph eId="schedule-8-paragraph-37" class="schProv1"><num>37</num><content><p>Part 4 of the Proceeds of Crime Act 2002 (confiscation: Northern Ireland) is amended as follows.</p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e40325"><heading>Seizure of property</heading><paragraph eId="schedule-8-paragraph-38" class="schProv1"><num>38</num><intro><p>In section 195B (conditions for exercise of seizure powers)—</p></intro><level class="para1" eId="schedule-8-paragraph-38-a"><num>(a)</num><content><p>in subsection (2), omit paragraph (b);</p></content></level><level class="para1" eId="schedule-8-paragraph-38-b"><num>(b)</num><content><p>in subsection (3), omit paragraph (b).</p></content></level></paragraph><paragraph eId="schedule-8-paragraph-39" class="schProv1"><num>39</num><subparagraph eId="schedule-8-paragraph-39-1"><num>(1)</num><content><p>Section 195C (power to seize property) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-39-2"><num>(2)</num><content><p><mod>In subsection (2), after “not” insert <quotedText>“under subsection (1)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-39-3"><num>(3)</num><content><p><mod>After subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(5A)</num><content><p>On being satisfied as mentioned in section 195B(1) an appropriate officer may seize any free property if the officer has reasonable grounds for suspecting that it is a cryptoasset-related item.</p></content></subsection><subsection><num>(5B)</num><content><p>A “cryptoasset-related item” is an item of property that is, or that contains or gives access to information that is, likely to assist in the seizure under subsection (1) of any cryptoasset.</p></content></subsection><subsection><num>(5C)</num><content><p>The circumstances in which a cryptoasset is “<term refersTo="#term-seized">seized</term>” for the purposes of subsection (1) include circumstances in which it is transferred into a crypto wallet controlled by the appropriate officer.</p></content></subsection><subsection><num>(5D)</num><intro><p>If an appropriate officer is lawfully on any premises, the officer may, for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>determining whether any property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>enabling or facilitating the seizure under subsection (1) of any cryptoasset,</p></content></level><wrapUp><p>require any information which is stored in any electronic form and accessible from the premises to be produced in a form in which it can be taken away and in which it is visible and legible, or from which it can readily be produced in a visible and legible form.</p></wrapUp></subsection><subsection><num>(5E)</num><content><p>But subsection (5D) does not authorise an appropriate officer to require a person to produce information which the person would be entitled to refuse to provide on grounds of legal professional privilege in proceedings in the High Court.</p></content></subsection><subsection><num>(5F)</num><intro><p>Where an appropriate officer has seized a cryptoasset-related item under subsection (5A), they may use any information obtained from it for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>identifying or gaining access to a crypto wallet, and</p></content></level><level class="para1"><num>(b)</num><content><p>by doing so, enabling or facilitating the seizure under subsection (1) of any cryptoassets.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-40" class="schProv1"><num>40</num><content><p><mod>In section 195R (release of property), in subsection (3)(b), at the end insert <quotedText>“or (5A)”</quotedText>.</mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e40452"><heading>Detention and release of property</heading><paragraph eId="schedule-8-paragraph-41" class="schProv1"><num>41</num><content><p><mod>In section 195K (further detention pending making of restraint order), after subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(5)</num><content><p>Exempt property seized under section 195C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(6)</num><intro><p>In subsection (5)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 195C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 195G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-42" class="schProv1"><num>42</num><content><p><mod>In section 195L (further detention pending variation of restraint order), after subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(4)</num><content><p>Exempt property seized under section 195C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.</p></content></subsection><subsection><num>(5)</num><intro><p>In subsection (4)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 195C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given in section 195G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).</p></content></hcontainer></subsection></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-43" class="schProv1"><num>43</num><subparagraph eId="schedule-8-paragraph-43-1"><num>(1)</num><content><p>Section 195M (further detention in other cases) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-43-2"><num>(2)</num><content><p>In subsection (2)(b), omit “(within the meaning of section 195C(4))”.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-43-3"><num>(3)</num><content><p><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>A magistrates’ court may by order extend the period for which the property may be detained under section 195J if satisfied that—</p></intro><level class="para1"><num>(a)</num><content><p>any of the conditions in section 195B is met (reading references in that section to the officer as references to the court),</p></content></level><level class="para1"><num>(b)</num><content><p>the property is free property, and</p></content></level><level class="para1"><num>(c)</num><content><p>there are reasonable grounds for suspecting that the property is a cryptoasset-related item.</p></content></level></subsection><subsection><num>(2B)</num><intro><p>An order under subsection (2A) may not be made in respect of exempt property unless the court is satisfied that the person applying for the order is working diligently and expeditiously—</p></intro><level class="para1"><num>(a)</num><content><p>to determine whether the property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>if it has already been determined to be such an item, to seize any related cryptoassets under section 195C(1).</p></content></level></subsection><subsection><num>(2C)</num><intro><p>An order under subsection (2A) may not extend the period for which the property may be detained beyond the period of—</p></intro><level class="para1"><num>(a)</num><content><p>six months beginning with the date of the order, or</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of exempt property, 14 days beginning with that date.</p></content></level><wrapUp><p>This does not prevent the period from being further extended by another order under this section.</p></wrapUp></subsection><subsection><num>(2D)</num><content><p>The period of 14 days referred to in subsection (2C)(b) is to be calculated in accordance with section 195H(7) (reading the reference there to 48 hours as a reference to 14 days).</p></content></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-43-4"><num>(4)</num><content><p><mod>In subsection (6), after “section” insert <quotedText startQuote="“">—</quotedText><quotedStructure endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-exempt-property">exempt property</term>” has the meaning given in section 195C(4) (reading references there to the defendant as references to the person by whom the property is held);</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-44" class="schProv1"><num>44</num><content><p><mod>In section 195R (release of property), after subsection (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6)</num><intro><p>If a cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, the appropriate officer may—</p></intro><level class="para1"><num>(a)</num><content><p>retain the item and deal with it as they see fit,</p></content></level><level class="para1"><num>(b)</num><content><p>dispose of the item, or</p></content></level><level class="para1"><num>(c)</num><content><p>destroy the item.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The powers in subsection (6) may be exercised only—</p></intro><level class="para1"><num>(a)</num><intro><p>where the appropriate officer has taken reasonable steps to notify—</p></intro><level class="para2"><num>(i)</num><content><p>the person from whom the item was seized, and</p></content></level><level class="para2"><num>(ii)</num><content><p>any other persons who the appropriate officer has reasonable grounds to believe have an interest in the item,</p></content></level><wrapUp><p>that the item has been released, and</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>with the approval of a senior officer.</p></content></level></subsection><subsection><num>(8)</num><content><p>“Senior officer” in subsection (7)(b) has the meaning given in section 195G(3).</p></content></subsection><subsection><num>(9)</num><content><p>Any proceeds of a disposal of the item are to be paid into the Consolidated Fund.</p></content></subsection></quotedStructure></mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e40717"><heading>Property held by persons subject to confiscation orders: destruction, realisation etc</heading><paragraph eId="schedule-8-paragraph-45" class="schProv1"><num>45</num><content><p><mod>In section 160A (determination of extent of defendant’s interest in property), in subsection (3)(a), after “realisation” insert <quotedText>“or destruction”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-46" class="schProv1"><num>46</num><subparagraph eId="schedule-8-paragraph-46-1"><num>(1)</num><content><p>Section 199 (powers of enforcement receiver) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-46-2"><num>(2)</num><content><p><mod>In subsection (2), at the end insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>so far as the property consists of cryptoassets, power to destroy the property.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-46-3"><num>(3)</num><content><p><mod>In subsection (8)(a), for “or (c)” substitute <quotedText>“, (c) or (e)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-46-4"><num>(4)</num><content><p><mod>After subsection (9) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(9A)</num><intro><p>The court may confer the power mentioned in subsection (2)(e) only where—</p></intro><level class="para1"><num>(a)</num><content><p>it is not reasonably practicable to realise the cryptoassets in question, or</p></content></level><level class="para1"><num>(b)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></subsection><subsection><num>(9B)</num><intro><p>An order conferring that power—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the court’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may confer power to destroy the cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(9C)</num><content><p>If the receiver destroys any cryptoassets in the exercise of that power, the defendant is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection></quotedStructure></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-47" class="schProv1"><num>47</num><subparagraph eId="schedule-8-paragraph-47-1"><num>(1)</num><content><p>Section 215 (seized money) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-47-2"><num>(2)</num><content><p><mod>In subsection (1)(b), for “bank or a building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-47-3"><num>(3)</num><intro><p>In subsection (5A)—</p></intro><level class="para1" eId="schedule-8-paragraph-47-3-a"><num>(a)</num><content><p><mod>for “a bank or building society” substitute <quotedText>“a relevant financial institution”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-8-paragraph-47-3-b"><num>(b)</num><content><p><mod>for “the bank or building society” substitute <quotedText>“the relevant financial institution”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-8-paragraph-47-4"><num>(4)</num><content><p><mod>In subsection (6), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-47-5"><num>(5)</num><content><p><mod>In subsection (7A), for “bank or building society” substitute <quotedText>“relevant financial institution”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-47-6"><num>(6)</num><intro><p>In subsection (8)—</p></intro><level class="para1" eId="schedule-8-paragraph-47-6-a"><num>(a)</num><content><p><mod>in paragraph (a) of the definition of “appropriate person”, for the words from “a bank” to the end substitute <quotedText>“a relevant financial institution, the relevant financial institution”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-8-paragraph-47-6-b"><num>(b)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-electronic-money-institution">electronic money institution</term>” has the same meaning as in the Electronic Money Regulations 2011 (<ref eId="c00042" href="http://www.legislation.gov.uk/id/uksi/2011/99">S.I. 2011/99</ref>) (see regulation 2 of those Regulations);</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-payment-institution">payment institution</term>” means an authorised payment institution or a small payment institution (each as defined in regulation 2 of the Payment Services Regulations 2017 (<ref eId="c00043" href="http://www.legislation.gov.uk/id/uksi/2017/752">S.I. 2017/752</ref>));</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-financial-institution">relevant financial institution</term>” means a bank, a building society, an electronic money institution or a payment institution;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-8-paragraph-47-7"><num>(7)</num><content><p><mod>For the heading substitute <quotedText>“Money”</quotedText>.</mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-48" class="schProv1"><num>48</num><content><p><mod>After section 215 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>215ZA</num><heading>Cryptoassets</heading><subsection><num>(1)</num><intro><p>This section applies to cryptoassets which—</p></intro><level class="para1"><num>(a)</num><content><p>are held by a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>are held in a crypto wallet administered by a UK-connected cryptoasset service provider,</p></content></level><wrapUp><p>but only so far as the cryptoassets are free property.</p></wrapUp></subsection><subsection><num>(2)</num><intro><p>Subsection (3) applies if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against a person holding cryptoassets to which this section applies, and</p></content></level><level class="para1"><num>(b)</num><content><p>a receiver has not been appointed under section 198 in relation to the cryptoassets.</p></content></level></subsection><subsection><num>(3)</num><intro><p>A magistrates’ court may order the UK-connected cryptoasset service provider which administers the crypto wallet in which the cryptoassets are held—</p></intro><level class="para1"><num>(a)</num><content><p>to realise the cryptoassets, or a portion of the cryptoassets having a specified value,</p></content></level><level class="para1"><num>(b)</num><content><p>to pay the proceeds of that realisation to the appropriate chief clerk on account of, and up to a maximum of, the amount payable under the confiscation order, and</p></content></level><level class="para1"><num>(c)</num><content><p>to the extent that the proceeds of the realisation exceed the amount payable under the confiscation order, to pay the excess to an appropriate officer identified in the order.</p></content></level></subsection><subsection><num>(4)</num><intro><p>In subsection (3)—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-chief-clerk">appropriate chief clerk</term>” has the same meaning as in section 202(7);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-appropriate-officer">appropriate officer</term>” has the same meaning as in section 195A.</p></content></hcontainer></subsection><subsection><num>(5)</num><content><p>A person applying for an order under subsection (3) must give notice of the application to the UK-connected cryptoasset service provider.</p></content></subsection><subsection><num>(6)</num><intro><p>Where the crypto wallet in which the cryptoassets are held is administered on behalf of someone other than the person against whom the confiscation order is made, a magistrates’ court—</p></intro><level class="para1"><num>(a)</num><content><p>may make an order under subsection (3) only if the extent of the person’s interest in the money has been determined under section 160A, and</p></content></level><level class="para1"><num>(b)</num><content><p>must have regard to that determination in deciding what is the appropriate order to make.</p></content></level></subsection><subsection><num>(7)</num><intro><p>If a UK-connected cryptoasset service provider fails to comply with an order under subsection (3)—</p></intro><level class="para1"><num>(a)</num><content><p>the magistrates’ court may order it to pay an amount not exceeding £5,000, and</p></content></level><level class="para1"><num>(b)</num><content><p>for the purposes of the Magistrates’ Courts (Northern Ireland) Order 1981 (<ref eId="c00044" href="http://www.legislation.gov.uk/id/nisi/1981/1675">S.I. 1981/1675 (N.I. 26)</ref>) the sum is to be treated as adjudged to be paid by a conviction of the court.</p></content></level></subsection><subsection><num>(8)</num><content><p>In order to take account of changes in the value of money the Department of Justice in Northern Ireland may by order substitute another sum for the sum for the time being specified in subsection (7)(a).</p></content></subsection><subsection><num>(9)</num><intro><p>Where a UK-connected cryptoasset service provider—</p></intro><level class="para1"><num>(a)</num><content><p>is required by an order under subsection (3) to realise a portion of cryptoassets having a specified value, but</p></content></level><level class="para1"><num>(b)</num><content><p>on realising cryptoassets under the order, obtains proceeds of an amount which differs from that value,</p></content></level><wrapUp><p>it does not fail to comply with the order solely because of that difference in value, provided that it took reasonable steps to obtain proceeds equal to the value specified.</p></wrapUp></subsection></section><section><num>215ZB</num><heading>Meaning of “UK-connected cryptoasset service provider”</heading><subsection><num>(1)</num><intro><p>“UK-connected cryptoasset service provider” in section 215ZA means a cryptoasset service provider which—</p></intro><level class="para1"><num>(a)</num><content><p>is acting in the course of business carried on by it in the United Kingdom,</p></content></level><level class="para1"><num>(b)</num><content><p>has terms and conditions with the persons to whom it provides services which provide for a legal dispute to be litigated in the courts of a part of the United Kingdom,</p></content></level><level class="para1"><num>(c)</num><content><p>holds in the United Kingdom any data relating to the persons to whom it provides services, or</p></content></level><level class="para1"><num>(d)</num><content><p>meets the condition in subsection (2).</p></content></level></subsection><subsection><num>(2)</num><intro><p>The condition in this subsection is that—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider has its registered office or, if it does not have one, its head office in the United Kingdom, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in the United Kingdom.</p></content></level></subsection><subsection><num>(3)</num><intro><p>“Cryptoasset service provider” in subsections (1) and (2) includes a cryptoasset exchange provider and a custodian wallet provider; and for this purpose—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para1"><num>(a)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets;</p></content></level><level class="para1"><num>(b)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another;</p></content></level><level class="para1"><num>(c)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para1"><num>(b)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets.</p></content></level></hcontainer></subsection><subsection><num>(4)</num><content><p>In the definition of “cryptoasset exchange provider” in subsection (3), “<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, a cryptoasset.</p></content></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions in subsection (3) (including by amending subsection (4)).</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State must consult the Department of Justice in Northern Ireland before making regulations under subsection (5).</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-49" class="schProv1"><num>49</num><content><p><mod>After section 215A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>215AA</num><heading>Destruction of seized cryptoassets</heading><subsection><num>(1)</num><content><p>This section applies to cryptoassets which are held by a person and which have been seized by an appropriate officer under a relevant seizure power.</p></content></subsection><subsection><num>(2)</num><intro><p>A magistrates’ court may by order authorise an appropriate officer to destroy the cryptoassets if—</p></intro><level class="para1"><num>(a)</num><content><p>a confiscation order is made against the person by whom the cryptoassets are held,</p></content></level><level class="para1"><num>(b)</num><content><p>a receiver has not been appointed under section 198 in relation to the cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><intro><p>either—</p></intro><level class="para2"><num>(i)</num><content><p>it is not reasonably practicable to realise the cryptoassets, or</p></content></level><level class="para2"><num>(ii)</num><content><p>there are reasonable grounds to believe that the realisation of the cryptoassets would be contrary to the public interest, having regard in particular to how likely it is that the entry of the cryptoassets into general circulation would facilitate criminal conduct by any person.</p></content></level></level></subsection><subsection><num>(3)</num><intro><p>An order under this section—</p></intro><level class="para1"><num>(a)</num><content><p>must set out the court’s assessment of the market value of the cryptoassets to which it relates;</p></content></level><level class="para1"><num>(b)</num><content><p>may authorise the destruction of cryptoassets only to the extent that their market value, as set out in the order, is less than or equal to the amount remaining to be paid under the confiscation order.</p></content></level></subsection><subsection><num>(4)</num><content><p>Before making an order under this section, the court must give persons who hold interests in the cryptoassets a reasonable opportunity to make representations to it.</p></content></subsection><subsection><num>(5)</num><content><p>If cryptoassets held by a person are destroyed following an order under this section, the person is to be treated as having paid, towards satisfaction of the confiscation order, an amount equal to the market value, as set out in the order, of the cryptoassets which have been destroyed.</p></content></subsection><subsection><num>(6)</num><content><p>In this section “<term refersTo="#term-appropriate-officer">appropriate officer</term>” and “<term refersTo="#term-relevant-seizure-power">relevant seizure power</term>” have the same meaning as in section 190A.</p></content></subsection></section></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-50" class="schProv1"><num>50</num><subparagraph eId="schedule-8-paragraph-50-1"><num>(1)</num><content><p>Section 215C (sections 215A and 215B: appeals) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-50-2"><num>(2)</num><content><p><mod>In subsection (1), for “215A” substitute <quotedText>“215ZA(3), 215A(3) or 215AA(2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-50-3"><num>(3)</num><content><p><mod>In subsection (2), for “215A” substitute <quotedText>“215ZA(3), 215A(3) or 215AA(2)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-50-4"><num>(4)</num><content><p><mod>In subsection (3), for “215A(2)(a)” substitute <quotedText>“215ZA(2)(a), 215A(2)(a) or 215AA(2)(a) (as applicable)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-50-5"><num>(5)</num><content><p><mod>In the heading, for “215A and” substitute <quotedText>“215ZA to”</quotedText>.</mod></p></content></subparagraph></paragraph><paragraph eId="schedule-8-paragraph-51" class="schProv1"><num>51</num><content><p><mod>In section 215D (proceeds of realisation), in subsection (1)(b), after “section” insert <quotedText>“215ZA or”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-52" class="schProv1"><num>52</num><content><p><mod>For the italic heading before section 215, substitute <quotedText>“Enforcement: money, cryptoassets and personal property”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-8-paragraph-53" class="schProv1"><num>53</num><content><p><mod>In section 217 (powers of court and receiver etc), after subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(2A)</num><intro><p>Subsection (2)(a) does not apply to—</p></intro><level class="para1"><num>(a)</num><content><p>the power conferred on a court by paragraph (e) of section 199(2) (which enables the court to give a receiver the power to destroy cryptoassets),</p></content></level><level class="para1"><num>(b)</num><content><p>a power conferred on a receiver by virtue of that paragraph, or</p></content></level><level class="para1"><num>(c)</num><content><p>the power conferred on a magistrates’ court by section 215AA (power to order destruction of cryptoassets).</p></content></level></subsection></quotedStructure></mod></p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e41438"><heading>Interpretation and miscellaneous provision</heading><paragraph eId="schedule-8-paragraph-54" class="schProv1"><num>54</num><content><p><mod>After section 232 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>232A</num><heading>Cryptoassets etc</heading><subsection><num>(1)</num><content><p>“<term refersTo="#term-cryptoasset">Cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically.</p></content></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-crypto-wallet">Crypto wallet</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>software,</p></content></level><level class="para1"><num>(b)</num><content><p>hardware,</p></content></level><level class="para1"><num>(c)</num><content><p>a physical item, or</p></content></level><level class="para1"><num>(d)</num><content><p>any combination of the things mentioned in paragraphs (a) to (c),</p></content></level><wrapUp><p>which is used to store the cryptographic private key that allows cryptoassets to be accessed.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>“<term refersTo="#term-cryptoasset-related-item">Cryptoasset-related item</term>” has the meaning given in section 195C(5B).</p></content></subsection><subsection><num>(4)</num><intro><p>The circumstances in which a cryptoasset is taken to be “destroyed” include circumstances where it is—</p></intro><level class="para1"><num>(a)</num><content><p>disposed of,</p></content></level><level class="para1"><num>(b)</num><content><p>transferred, or</p></content></level><level class="para1"><num>(c)</num><content><p>otherwise dealt with,</p></content></level><wrapUp><p>in such a way as to ensure, or to make it virtually certain, that it will not be the subject of any further transactions or be dealt with again in any other way.</p></wrapUp></subsection><subsection><num>(5)</num><content><p>The Secretary of State may by regulations amend the definitions of “cryptoasset” and “crypto wallet” in this section.</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State must consult the Department of Justice in Northern Ireland before making regulations under subsection (5).</p></content></subsection></section></quotedStructure></mod></p></content></paragraph></hcontainer></part><part eId="schedule-8-part-4"><num>PART 4</num><heading>Regulations</heading><paragraph eId="schedule-8-paragraph-55" class="schProv1"><num>55</num><subparagraph eId="schedule-8-paragraph-55-1"><num>(1)</num><content><p>Section 459 of the Proceeds of Crime Act 2002 is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-8-paragraph-55-2"><num>(2)</num><content><p><mod>In subsection (4), after paragraph (a) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(azza)</num><intro><p>regulations under—</p></intro><level class="para2"><num>(i)</num><content><p>section 67ZB(5) or 84A(5);</p></content></level><level class="para2"><num>(ii)</num><content><p>section 131ZC(5) or 150A(5);</p></content></level><level class="para2"><num>(iii)</num><content><p>section 251ZB(5) or 232A(5);</p></content></level></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph><subparagraph eId="schedule-8-paragraph-55-3"><num>(3)</num><content><p><mod>After subsection (6ZA) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6ZAA)</num><intro><p>No regulations may be made by the Secretary of State under any of the following provisions unless a draft of the regulations has been laid before Parliament and approved by a resolution of each House--</p></intro><level class="para1"><num>(a)</num><content><p>section 67ZB(5) or 84A(5);</p></content></level><level class="para1"><num>(b)</num><content><p>section 131ZC(5) or 150A(5);</p></content></level><level class="para1"><num>(c)</num><content><p>section 251ZB(5) or 232A(5).</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph></paragraph></part></hcontainer><hcontainer name="schedule" eId="schedule-9"><num>SCHEDULE 9<authorialNote class="referenceNote"><p>Section 180</p></authorialNote></num><heading>Cryptoassets: civil recovery</heading><part eId="schedule-9-part-1"><num>PART 1</num><heading>Amendments of Part 5 of the Proceeds of Crime Act 2002</heading><paragraph eId="schedule-9-paragraph-1" class="schProv1"><num>1</num><content><p><mod>In Part 5 of the Proceeds of Crime Act 2002 (civil recovery of the proceeds etc of unlawful conduct), after section 303Z19 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><chapter eId="d28e41653"><num>CHAPTER 3C</num><heading>Recovery of cryptoassets: searches, seizure and detention</heading><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Definitions</heading><section eId="d28e41664"><num>303Z20</num><heading>Definitions</heading><subsection><num>(1)</num><intro><p>In this Part—</p></intro><level class="para1"><num>(a)</num><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically;</p></content></level><level class="para1"><num>(b)</num><intro><p>“<term refersTo="#term-crypto-wallet">crypto wallet</term>” means—</p></intro><level class="para2" eId="d28e41692"><num>(i)</num><content><p>software,</p></content></level><level class="para2"><num>(ii)</num><content><p>hardware,</p></content></level><level class="para2" eId="d28e41704"><num>(iii)</num><content><p>a physical item, or</p></content></level><level class="para2"><num>(iv)</num><content><p>any combination of the things mentioned in sub-paragraphs <ref href="#d28e41692">(i)</ref> to <ref href="#d28e41704">(iii)</ref>,</p></content></level><wrapUp><p>which is used to store the cryptographic private key that allows cryptoassets to be accessed.</p></wrapUp></level></subsection><subsection eId="d28e41724"><num>(2)</num><content><p>The Secretary of State may by regulations amend the definitions of “cryptoasset” and “crypto wallet” in this section.</p></content></subsection><subsection eId="d28e41730"><num>(3)</num><content><p>The Secretary of State must consult the Scottish Ministers and the Department of Justice before making regulations under subsection <ref href="#d28e41724">(2)</ref>.</p></content></subsection><subsection><num>(4)</num><intro><p>In this Chapter—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-enforcement-officer">enforcement officer</term>” means—</p></intro><level class="para2"><num>(i)</num><content><p>an officer of Revenue and Customs,</p></content></level><level class="para2"><num>(ii)</num><content><p>a constable,</p></content></level><level class="para2"><num>(iii)</num><content><p>an SFO officer, or</p></content></level><level class="para2"><num>(iv)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>“<term refersTo="#term-senior-officer">senior officer</term>” means—</p></intro><level class="para2"><num>(i)</num><content><p>an officer of Revenue and Customs of a rank designated by the Commissioners for His Majesty’s Revenue and Customs as equivalent to that of a senior police officer of at least the rank of inspector,</p></content></level><level class="para2"><num>(ii)</num><content><p>a senior police officer of at least the rank of inspector,</p></content></level><level class="para2"><num>(iii)</num><content><p>the Director of the Serious Fraud Office,</p></content></level><level class="para2"><num>(iv)</num><content><p>the Director General of the National Crime Agency or any other National Crime Agency officer authorised by the Director General (whether generally or specifically) for this purpose, or</p></content></level><level class="para2"><num>(v)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453.</p></content></level></level></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Searches</heading><section eId="d28e41823"><num>303Z21</num><heading>Searches</heading><subsection eId="d28e41827"><num>(1)</num><intro><p>If an enforcement officer—</p></intro><level class="para1"><num>(a)</num><content><p>is lawfully on any premises, and</p></content></level><level class="para1"><num>(b)</num><content><p>has reasonable grounds for suspecting that there is on the premises a cryptoasset-related item,</p></content></level><wrapUp><p>the enforcement officer may search for the cryptoasset-related item there.</p></wrapUp></subsection><subsection eId="d28e41847"><num>(2)</num><intro><p>For the purposes of this Chapter, a “cryptoasset-related item” is an item of property that is, or that contains or gives access to information that is, likely to assist in the seizure under this Part of cryptoassets that—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection><num>(3)</num><intro><p>The powers conferred by subsection <ref href="#d28e41937">(6)</ref> are exercisable by an enforcement officer if—</p></intro><level class="para1"><num>(a)</num><content><p>the enforcement officer has reasonable grounds for suspecting that there is a cryptoasset-related item in a vehicle,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the officer that the vehicle is under the control of a person (the suspect) who is in or in the vicinity of the vehicle, and</p></content></level><level class="para1" eId="d28e41886"><num>(c)</num><content><p>the vehicle is in a place falling within subsection <ref href="#d28e41895">(4)</ref>.</p></content></level></subsection><subsection eId="d28e41895"><num>(4)</num><intro><p>The places referred to in subsection <ref href="#d28e41886">(3)(c)</ref> are—</p></intro><level class="para1"><num>(a)</num><content><p>a place to which, at the time of the proposed exercise of the powers, the public or any section of the public has access, on payment or otherwise, as of right or by virtue of express or implied permission, and</p></content></level><level class="para1"><num>(b)</num><content><p>any other place to which at that time people have ready access but which is not a dwelling.</p></content></level></subsection><subsection><num>(5)</num><intro><p>But if the vehicle is in a garden or yard or other land occupied with and used for the purposes of a dwelling, the enforcement officer may exercise the powers conferred by subsection <ref href="#d28e41937">(6)</ref> only if the enforcement officer has reasonable grounds for believing—</p></intro><level class="para1"><num>(a)</num><content><p>that the suspect does not reside in the dwelling, and</p></content></level><level class="para1"><num>(b)</num><content><p>that the vehicle is not in the place in question with the express or implied permission of a person who resides in the dwelling.</p></content></level></subsection><subsection eId="d28e41937"><num>(6)</num><intro><p>The powers conferred by this subsection are—</p></intro><level class="para1"><num>(a)</num><content><p>power to require the suspect to permit entry to the vehicle;</p></content></level><level class="para1"><num>(b)</num><content><p>power to require the suspect to permit a search of the vehicle.</p></content></level></subsection><subsection eId="d28e41955"><num>(7)</num><intro><p>If an enforcement officer has reasonable grounds for suspecting that a person (the suspect) is carrying a cryptoasset-related item, the enforcement officer may require the suspect—</p></intro><level class="para1"><num>(a)</num><content><p>to permit a search of any article the suspect has with them;</p></content></level><level class="para1" eId="d28e41967"><num>(b)</num><content><p>to permit a search of the suspect’s person.</p></content></level></subsection><subsection><num>(8)</num><content><p>The powers conferred by subsections <ref href="#d28e41937">(6)</ref> and <ref href="#d28e41955">(7)</ref> are exercisable only so far as the enforcement officer thinks it necessary or expedient.</p></content></subsection><subsection><num>(9)</num><intro><p>An enforcement officer may—</p></intro><level class="para1"><num>(a)</num><content><p>in exercising powers conferred by subsection <ref href="#d28e41937">(6)</ref>, detain the vehicle for so long as is necessary for their exercise;</p></content></level><level class="para1"><num>(b)</num><content><p>in exercising powers conferred by subsection <ref href="#d28e41967">(7)(b)</ref>, detain the suspect for so long as is necessary for their exercise.</p></content></level></subsection><subsection><num>(10)</num><intro><p>The powers conferred by this section are exercisable by an SFO officer or an accredited financial investigator only in relation to the following—</p></intro><level class="para1"><num>(a)</num><content><p>premises in England, Wales or Northern Ireland (in the case of subsection <ref href="#d28e41827">(1)</ref>);</p></content></level><level class="para1"><num>(b)</num><content><p>vehicles and suspects in England, Wales or Northern Ireland (in the case of subsection <ref href="#d28e41937">(6)</ref>);</p></content></level><level class="para1"><num>(c)</num><content><p>suspects in England, Wales or Northern Ireland (in the case of subsection <ref href="#d28e41955">(7)</ref>).</p></content></level></subsection></section><section><num>303Z22</num><heading>Searches: supplemental provision</heading><subsection><num>(1)</num><content><p>The powers conferred by section <ref href="#d28e41823">303Z21</ref> are exercisable only so far as reasonably required for the purpose of finding a cryptoasset-related item.</p></content></subsection><subsection><num>(2)</num><content><p>Section <ref href="#d28e41823">303Z21</ref> does not require a person to submit to an intimate search or strip search (within the meaning of section 164 of the Customs and Excise Management Act 1979).</p></content></subsection></section><section eId="d28e42070"><num>303Z23</num><heading>Prior approval</heading><subsection><num>(1)</num><content><p>The powers conferred by section <ref href="#d28e41823">303Z21</ref> may be exercised only with the appropriate approval unless, in the circumstances, it is not practicable to obtain that approval before exercising the power.</p></content></subsection><subsection><num>(2)</num><content><p>The appropriate approval means the approval of a judicial officer or (if that is not practicable in any case) the approval of a senior officer.</p></content></subsection><subsection><num>(3)</num><intro><p>A judicial officer means—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, a justice of the peace;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, the sheriff.</p></content></level></subsection><subsection eId="d28e42107"><num>(4)</num><intro><p>If the powers are exercised without the approval of a judicial officer in a case where—</p></intro><level class="para1"><num>(a)</num><content><p>no property is seized by virtue of section <ref href="#d28e42350">303Z26</ref>, or</p></content></level><level class="para1"><num>(b)</num><content><p>any property so seized is not detained for more than 48 hours (calculated in accordance with section <ref href="#d28e42440">303Z27</ref>),</p></content></level><wrapUp><p>the relevant officer who exercised the power must give a written report to the appointed person.</p></wrapUp></subsection><subsection><num>(5)</num><content><p>But the duty in subsection <ref href="#d28e42107">(4)</ref> does not apply if, during the course of exercising the powers conferred by section <ref href="#d28e41823">303Z21</ref>, the enforcement officer seizes cash by virtue of section 294 or property by virtue of section 303J and the cash or property so seized is detained for more than 48 hours (calculated in accordance with section 295(1B) or 303K(5)).</p></content></subsection><subsection><num>(6)</num><intro><p>A report under subsection <ref href="#d28e42107">(4)</ref> must give particulars of the circumstances which led the relevant officer to believe that—</p></intro><level class="para1"><num>(a)</num><content><p>the powers were exercisable, and</p></content></level><level class="para1"><num>(b)</num><content><p>it was not practicable to obtain the approval of a judicial officer.</p></content></level></subsection><subsection><num>(7)</num><intro><p>In this section and in section <ref href="#d28e42202">303Z24</ref> the appointed person means—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales, a person appointed by the Secretary of State;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, a person appointed by the Scottish Ministers;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to Northern Ireland, a person appointed by the Department of Justice.</p></content></level></subsection><subsection><num>(8)</num><content><p>The appointed person must not be a person employed under or for the purposes of a government department or of the Scottish Administration; and the terms and conditions of the person’s appointment, including any remuneration or expenses to be paid to the person, are to be determined by the person making the appointment.</p></content></subsection></section><section eId="d28e42202"><num>303Z24</num><heading>Report on exercise of powers</heading><subsection><num>(1)</num><content><p>As soon as possible after the end of each financial year, the appointed person must prepare a report for that year.</p></content></subsection><subsection><num>(2)</num><intro><p>“<term refersTo="#term-financial-year">Financial year</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>the period beginning with the day on which this section came into force and ending with the next 31 March (which is the first financial year), and</p></content></level><level class="para1"><num>(b)</num><content><p>each subsequent period of 12 months beginning with 1 April.</p></content></level></subsection><subsection><num>(3)</num><content><p>The report must give the appointed person’s opinion as to the circumstances and manner in which the powers conferred by section <ref href="#d28e41823">303Z21</ref> are being exercised in cases where the enforcement officer who exercised them is required to give a report under section <ref href="#d28e42070">303Z23</ref><ref href="#d28e42107">(4)</ref>.</p></content></subsection><subsection><num>(4)</num><content><p>In the report, the appointed person may make any recommendations they consider appropriate.</p></content></subsection><subsection><num>(5)</num><content><p>The appointed person must send a copy of the report to whichever of the Secretary of State, the Scottish Ministers or the Department of Justice appointed the person.</p></content></subsection><subsection><num>(6)</num><content><p>The Secretary of State must lay a copy of any report the Secretary of State receives under this section before Parliament and arrange for it to be published.</p></content></subsection><subsection><num>(7)</num><content><p>The Scottish Ministers must lay a copy of any report they receive under this section before the Scottish Parliament and arrange for it to be published.</p></content></subsection><subsection eId="d28e42271"><num>(8)</num><content><p>The Department of Justice must lay a copy of any report it receives under this section before the Northern Ireland Assembly and arrange for it to be published.</p></content></subsection><subsection><num>(9)</num><content><p>Section 41(3) of the Interpretation Act (Northern Ireland) 1954 applies for the purposes of subsection <ref href="#d28e42271">(8)</ref> in relation to the laying of a copy of a report as it applies in relation to the laying of a statutory document under an enactment.</p></content></subsection></section><section eId="d28e42289"><num>303Z25</num><heading>Codes of practice</heading><subsection><num>(1)</num><content><p>The requirements to make codes of practice set out in sections 303G, 303H and 303I apply in relation to the powers conferred by section <ref href="#d28e41823">303Z21</ref> as they apply in relation to the powers conferred by section 303C.</p></content></subsection><subsection eId="d28e42302"><num>(2)</num><content><p>A requirement in section 303G(2), 303H(2) or 303I(2), as applied by subsection (1), to carry out a relevant action may be satisfied by the carrying out of that action before this section comes into force.</p></content></subsection><subsection><num>(3)</num><intro><p>In subsection <ref href="#d28e42302">(2)</ref> “<term refersTo="#term-relevant-action">relevant action</term>” means any of the following—</p></intro><level class="para1"><num>(a)</num><content><p>publishing a draft code of practice;</p></content></level><level class="para1"><num>(b)</num><content><p>considering any representations made about the draft;</p></content></level><level class="para1"><num>(c)</num><content><p>modifying the draft in light of any such representations.</p></content></level></subsection><subsection><num>(4)</num><content><p>The requirement in section 303G(3), as applied by subsection (1), to consult the Attorney General may be satisfied by consultation carried out before this section comes into force.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Seizure and detention of cryptoasset-related items</heading><section eId="d28e42350"><num>303Z26</num><heading>Seizure of cryptoasset-related items</heading><subsection eId="d28e42354"><num>(1)</num><content><p>An enforcement officer may seize any item of property if the enforcement officer has reasonable grounds for suspecting that the item is a cryptoasset-related item.</p></content></subsection><subsection eId="d28e42360"><num>(2)</num><intro><p>If an enforcement officer is lawfully on any premises, the officer may, for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>determining whether any property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>enabling or facilitating the seizure under this Chapter of any cryptoasset,</p></content></level><wrapUp><p>require any information which is stored in any electronic form and accessible from the premises to be produced in a form in which it can be taken away and in which it is visible and legible, or from which it can readily be produced in a visible and legible form.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>But subsection <ref href="#d28e42360">(2)</ref> does not authorise an enforcement officer to require a person to produce privileged information.</p></content></subsection><subsection><num>(4)</num><intro><p>In this section “<term refersTo="#term-privileged-information">privileged information</term>” means information which a person would be entitled to refuse to provide—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, on grounds of legal professional privilege in proceedings in the High Court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, on grounds of legal privilege as defined by section 412.</p></content></level></subsection><subsection><num>(5)</num><intro><p>Where an enforcement officer has seized a cryptoasset-related item under subsection <ref href="#d28e42354">(1)</ref>, the officer may use any information obtained from the item for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>identifying or gaining access to a crypto wallet, and</p></content></level><level class="para1"><num>(b)</num><content><p>by doing so, enabling or facilitating the seizure under this Chapter of any cryptoassets.</p></content></level></subsection><subsection><num>(6)</num><content><p>This section does not authorise the seizure by an SFO officer or an accredited financial investigator of an item found in Scotland.</p></content></subsection></section><section eId="d28e42440"><num>303Z27</num><heading>Initial detention of seized cryptoasset-related items</heading><subsection eId="d28e42444"><num>(1)</num><content><p>Property seized under section <ref href="#d28e42350">303Z26</ref> may be detained for an initial period of 48 hours.</p></content></subsection><subsection><num>(2)</num><content><p>Subsection <ref href="#d28e42444">(1)</ref> authorises the detention of property only for so long as an enforcement officer continues to have reasonable grounds for suspicion in relation to that property as described in section <ref href="#d28e42350">303Z26</ref><ref href="#d28e42354">(1)</ref>.</p></content></subsection><subsection eId="d28e42467"><num>(3)</num><intro><p>In calculating a period of 48 hours for the purposes of this section, no account is to be taken of—</p></intro><level class="para1"><num>(a)</num><content><p>any Saturday or Sunday,</p></content></level><level class="para1"><num>(b)</num><content><p>Christmas Day,</p></content></level><level class="para1"><num>(c)</num><content><p>Good Friday,</p></content></level><level class="para1"><num>(d)</num><content><p>any day that is a bank holiday under the Banking and Financial Dealings Act 1971 in the part of the United Kingdom within which the property is seized, or</p></content></level><level class="para1"><num>(e)</num><content><p>any day prescribed by virtue of section 8(2) of the Criminal Procedure (Scotland) Act 1995 as a court holiday in a sheriff court in the sheriff court district within which the property is seized.</p></content></level></subsection></section><section eId="d28e42506"><num>303Z28</num><heading>Further detention of seized cryptoasset-related items</heading><subsection eId="d28e42510"><num>(1)</num><intro><p>The period for which property seized under section <ref href="#d28e42350">303Z26</ref> may be detained may be extended by an order made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, by a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, by the sheriff.</p></content></level></subsection><subsection><num>(2)</num><intro><p>An order under subsection <ref href="#d28e42510">(1)</ref> may not authorise the detention of any property—</p></intro><level class="para1"><num>(a)</num><content><p>beyond the end of the period of 6 months beginning with the date of the order, and</p></content></level><level class="para1" eId="d28e42546"><num>(b)</num><content><p>in the case of any further order under this section, beyond the end of the period of 2 years beginning with the date of the first order; but this is subject to subsection <ref href="#d28e42564">(4)</ref>.</p></content></level></subsection><subsection><num>(3)</num><content><p>A justice of the peace may also exercise the power of a magistrates’ court to make the first order under subsection <ref href="#d28e42510">(1)</ref>.</p></content></subsection><subsection eId="d28e42564"><num>(4)</num><content><p>The court or sheriff may make an order for the period of 2 years in subsection <ref href="#d28e42546">(2)(b)</ref> to be extended to a period of up to 3 years beginning with the date of the first order.</p></content></subsection><subsection eId="d28e42573"><num>(5)</num><intro><p>An application for an order under subsection <ref href="#d28e42510">(1)</ref> or <ref href="#d28e42564">(4)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><intro><p>in relation to England and Wales and Northern Ireland, by—</p></intro><level class="para2"><num>(i)</num><content><p>the Commissioners for His Majesty’s Revenue and Customs,</p></content></level><level class="para2"><num>(ii)</num><content><p>a constable,</p></content></level><level class="para2"><num>(iii)</num><content><p>an SFO officer, or</p></content></level><level class="para2"><num>(iv)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453;</p></content></level></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, by the Scottish Ministers in connection with their functions under section <ref href="#d28e43897">303Z41</ref> or by a procurator fiscal.</p></content></level></subsection><subsection><num>(6)</num><intro><p>The court, sheriff or justice may make an order under subsection <ref href="#d28e42510">(1)</ref> if satisfied, in relation to the item of property to be further detained, that—</p></intro><level class="para1"><num>(a)</num><content><p>there are reasonable grounds for suspecting that it is a cryptoasset-related item, and</p></content></level><level class="para1"><num>(b)</num><content><p>its continued detention is justified.</p></content></level></subsection><subsection eId="d28e42645"><num>(7)</num><content><p>The court or sheriff may make an order under subsection <ref href="#d28e42564">(4)</ref> if satisfied that a request for assistance is outstanding in relation to the item of property to be further detained.</p></content></subsection><subsection><num>(8)</num><intro><p>A “request for assistance” in subsection <ref href="#d28e42645">(7)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the property to be further detained, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an enforcement officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Part, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A (evidence overseas).</p></content></level></subsection><subsection><num>(9)</num><content><p>An order under subsection <ref href="#d28e42510">(1)</ref> must provide for notice to be given to persons affected by the order.</p></content></subsection></section><section eId="d28e42699"><num>303Z29</num><heading>Seizure of cryptoassets</heading><subsection eId="d28e42703"><num>(1)</num><content><p>An enforcement officer may seize cryptoassets if the enforcement officer has reasonable grounds for suspecting that the cryptoassets are recoverable property or intended by any person for use in unlawful conduct.</p></content></subsection><subsection><num>(2)</num><content><p>The circumstances in which a cryptoasset is “<term refersTo="#term-seized">seized</term>” for the purposes of subsection <ref href="#d28e42703">(1)</ref> include circumstances in which it is transferred into a crypto wallet controlled by the enforcement officer.</p></content></subsection><subsection><num>(3)</num><content><p>This section does not authorise the seizure by an SFO officer or an accredited financial investigator of cryptoassets as a result of information obtained from a cryptoasset-related item found in Scotland.</p></content></subsection></section><section eId="d28e42730"><num>303Z30</num><heading>Prior authorisation for detention of cryptoassets</heading><subsection><num>(1)</num><content><p>Where an order is made under section <ref href="#d28e42506">303Z28</ref> in respect of a cryptoasset-related item, the court, sheriff or justice making the order may, at the same time, make an order to authorise the detention of any cryptoassets that may be seized as a result of information obtained from that item.</p></content></subsection><subsection><num>(2)</num><content><p>An application for an order under this section may be made, by a person mentioned in section <ref href="#d28e42506">303Z28</ref><ref href="#d28e42573">(5)</ref>, at the same time as an application for an order under section <ref href="#d28e42506">303Z28</ref> is made by that person.</p></content></subsection><subsection><num>(3)</num><content><p>The court, sheriff or justice may make an order under this section if satisfied that there are reasonable grounds for suspecting that the cryptoassets that may be seized are recoverable property or intended by any person for use in unlawful conduct.</p></content></subsection><subsection><num>(4)</num><content><p>An order under this section authorises detention of the cryptoassets for the same period of time as the order under section <ref href="#d28e42506">303Z28</ref> authorises detention in respect of the cryptoasset-related item to which those cryptoassets relate.</p></content></subsection></section><section eId="d28e42775"><num>303Z31</num><heading>Initial detention of seized cryptoassets</heading><subsection eId="d28e42779"><num>(1)</num><content><p>Cryptoassets seized under section <ref href="#d28e42699">303Z29</ref> may be detained for an initial period of 48 hours.</p></content></subsection><subsection><num>(2)</num><content><p>Subsection <ref href="#d28e42779">(1)</ref> authorises the detention of property only for so long as an enforcement officer continues to have reasonable grounds for suspicion in relation to those cryptoassets as described in section <ref href="#d28e42699">303Z29</ref><ref href="#d28e42703">(1)</ref>.</p></content></subsection><subsection eId="d28e42802"><num>(3)</num><intro><p>In calculating a period of 48 hours for the purposes of this section, no account is to be taken of—</p></intro><level class="para1"><num>(a)</num><content><p>any Saturday or Sunday,</p></content></level><level class="para1"><num>(b)</num><content><p>Christmas Day,</p></content></level><level class="para1"><num>(c)</num><content><p>Good Friday,</p></content></level><level class="para1"><num>(d)</num><content><p>any day that is a bank holiday under the Banking and Financial Dealings Act 1971 in the part of the United Kingdom within which the property is seized, or</p></content></level><level class="para1"><num>(e)</num><content><p>any day prescribed by virtue of section 8(2) of the Criminal Procedure (Scotland) Act 1995 as a court holiday in a sheriff court in the sheriff court district within which the property is seized.</p></content></level></subsection><subsection><num>(4)</num><content><p>This section is subject to section <ref href="#d28e42730">303Z30</ref>.</p></content></subsection></section><section eId="d28e42850"><num>303Z32</num><heading>Further detention of seized cryptoassets</heading><subsection eId="d28e42854"><num>(1)</num><intro><p>The period for which cryptoassets seized under section <ref href="#d28e42699">303Z29</ref> may be detained may be extended by an order made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, by a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, by the sheriff.</p></content></level></subsection><subsection><num>(2)</num><intro><p>An order under subsection <ref href="#d28e42854">(1)</ref> may not authorise the detention of any cryptoassets—</p></intro><level class="para1"><num>(a)</num><content><p>beyond the end of the period of 6 months beginning with the date of the order, and</p></content></level><level class="para1" eId="d28e42890"><num>(b)</num><content><p>in the case of any further order under this section, beyond the end of the period of 2 years beginning with the date of the first order; but this is subject to subsection <ref href="#d28e42564">(4)</ref>.</p></content></level></subsection><subsection><num>(3)</num><content><p>A justice of the peace may also exercise the power of a magistrates’ court to make the first order under subsection <ref href="#d28e42854">(1)</ref>.</p></content></subsection><subsection><num>(4)</num><content><p>The court or sheriff may make an order for the period of 2 years in subsection <ref href="#d28e42890">(2)(b)</ref> to be extended to a period of up to 3 years beginning with the date of the first order.</p></content></subsection><subsection><num>(5)</num><intro><p>An application for an order under subsection <ref href="#d28e42510">(1)</ref> or <ref href="#d28e42564">(4)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><intro><p>in relation to England and Wales and Northern Ireland, by—</p></intro><level class="para2"><num>(i)</num><content><p>the Commissioners for His Majesty’s Revenue and Customs,</p></content></level><level class="para2"><num>(ii)</num><content><p>a constable,</p></content></level><level class="para2"><num>(iii)</num><content><p>an SFO officer, or</p></content></level><level class="para2"><num>(iv)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453,</p></content></level></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, by the Scottish Ministers in connection with their functions under section <ref href="#d28e43897">303Z41</ref> or by a procurator fiscal.</p></content></level></subsection><subsection><num>(6)</num><content><p>The court, sheriff or justice may make an order under subsection <ref href="#d28e42510">(1)</ref> if satisfied, in relation to the cryptoassets to be further detained, that there are reasonable grounds for suspecting that the cryptoassets are recoverable property or intended by any person for use in unlawful conduct.</p></content></subsection><subsection><num>(7)</num><content><p>The court or sheriff may make an order under subsection <ref href="#d28e42564">(4)</ref> if satisfied that a request for assistance is outstanding in relation to the cryptoassets to be further detained.</p></content></subsection><subsection><num>(8)</num><intro><p>A “request for assistance” in subsection <ref href="#d28e42645">(7)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the cryptoassets to be further detained, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an enforcement officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Part, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A (evidence overseas).</p></content></level></subsection><subsection><num>(9)</num><content><p>An order under subsection <ref href="#d28e42854">(1)</ref> must provide for notice to be given to persons affected by the order.</p></content></subsection></section><section><num>303Z33</num><heading>Safekeeping of cryptoassets and cryptoasset-related items</heading><subsection><num>(1)</num><content><p>An enforcement officer must arrange for any item of property seized under section <ref href="#d28e42350">303Z26</ref> to be safely stored throughout the period during which it is detained under this Chapter.</p></content></subsection><subsection><num>(2)</num><content><p>An enforcement officer must arrange for any cryptoassets seized under section <ref href="#d28e42699">303Z29</ref> to be safely stored throughout the period during which they are detained under this Chapter.</p></content></subsection></section><section><num>303Z34</num><heading>Release of cryptoassets and cryptoasset-related items</heading><subsection><num>(1)</num><content><p>This section applies while any cryptoasset or other item of property is detained under this Chapter.</p></content></subsection><subsection><num>(2)</num><content><p>A magistrates’ court or (in Scotland) the sheriff may direct the release of the whole or any part of the property if the following condition is met.</p></content></subsection><subsection><num>(3)</num><content><p>The condition is that the court or sheriff is satisfied, on an application by the person from whom the property was seized, that the conditions for the detention of the property in this Chapter are no longer met in relation to the property to be released.</p></content></subsection><subsection eId="d28e43078"><num>(4)</num><content><p>A person within subsection <ref href="#d28e43087">(5)</ref> may, after notifying the magistrates’ court, sheriff or justice under whose order property is being detained, release the whole or any part of the property if satisfied that the detention of the property to be released is no longer justified.</p></content></subsection><subsection eId="d28e43087"><num>(5)</num><intro><p>The following persons are within this subsection—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, an enforcement officer;</p></content></level><level class="para1"><num>(b)</num><intro><p>in relation to Scotland—</p></intro><level class="para2"><num>(i)</num><content><p>the Scottish Ministers,</p></content></level><level class="para2"><num>(ii)</num><content><p>an officer of Revenue and Customs,</p></content></level><level class="para2"><num>(iii)</num><content><p>a constable, and</p></content></level><level class="para2"><num>(iv)</num><content><p>a procurator fiscal.</p></content></level></level></subsection><subsection eId="d28e43129"><num>(6)</num><intro><p>If any cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, an enforcement officer may—</p></intro><level class="para1"><num>(a)</num><content><p>retain the item and deal with it as they see fit,</p></content></level><level class="para1"><num>(b)</num><content><p>dispose of the item, or</p></content></level><level class="para1"><num>(c)</num><content><p>destroy the item.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The powers in subsection <ref href="#d28e43129">(6)</ref> may be exercised only—</p></intro><level class="para1"><num>(a)</num><intro><p>where the enforcement officer has taken reasonable steps to notify—</p></intro><level class="para2"><num>(i)</num><content><p>the person from whom the item was seized, and</p></content></level><level class="para2"><num>(ii)</num><content><p>any other persons who the enforcement officer has reasonable grounds to believe have an interest in the item,</p></content></level><wrapUp><p>that the item has been released, and</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>with the approval of a senior officer.</p></content></level></subsection><subsection><num>(8)</num><intro><p>Any proceeds of a disposal of the item are to be paid—</p></intro><level class="para1"><num>(a)</num><intro><p>into the Consolidated Fund if—</p></intro><level class="para2"><num>(i)</num><content><p>the item was directed to be released by a magistrates’ court, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a magistrates’ court or justice was notified under subsection <ref href="#d28e43078">(4)</ref> of the release;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>into the Scottish Consolidated Fund if—</p></intro><level class="para2"><num>(i)</num><content><p>the item was directed to be released by the sheriff, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the sheriff was notified under subsection <ref href="#d28e43078">(4)</ref> of the release.</p></content></level></level></subsection></section></hcontainer></chapter><chapter><num>CHAPTER 3D</num><heading>Recovery of cryptoassets: freezing orders</heading><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Definitions</heading><section eId="d28e43247"><num>303Z35</num><heading>Definitions</heading><subsection eId="d28e43251"><num>(1)</num><intro><p>In this Chapter—</p></intro><level class="para1" eId="d28e43257"><num>(a)</num><intro><p>“<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para2"><num>(i)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets,</p></content></level><level class="para2"><num>(ii)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another, or</p></content></level><level class="para2"><num>(iii)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>“<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para2"><num>(i)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para2"><num>(ii)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets;</p></content></level></level><level class="para1"><num>(c)</num><content><p>“<term refersTo="#term-cryptoasset-service-provider">cryptoasset service provider</term>” includes cryptoasset exchange provider and custodian wallet provider.</p></content></level></subsection><subsection><num>(2)</num><intro><p>For the purposes of subsection <ref href="#d28e43257">(1)(a)</ref>, “<term refersTo="#term-money">money</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>money in sterling,</p></content></level><level class="para1"><num>(b)</num><content><p>money in any other currency, or</p></content></level><level class="para1"><num>(c)</num><content><p>money in any other medium of exchange,</p></content></level><wrapUp><p>but does not include a cryptoasset.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>In the definition of “cryptoasset exchange provider” in subsection <ref href="#d28e43251">(1)</ref>, “<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, a cryptoasset.</p></content></subsection><subsection eId="d28e43358"><num>(4)</num><content><p>The Secretary of State may by regulations amend the definitions in this section.</p></content></subsection><subsection eId="d28e43364"><num>(5)</num><content><p>The Secretary of State must consult the Scottish Ministers and the Department of Justice before making regulations under subsection <ref href="#d28e43358">(4)</ref>.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Freezing of crypto wallets</heading><section eId="d28e43379"><num>303Z36</num><heading>Application for crypto wallet freezing order</heading><subsection><num>(1)</num><intro><p>This section applies if an enforcement officer has reasonable grounds for suspecting that cryptoassets held in a crypto wallet administered by a UK-connected cryptoasset service provider—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection><num>(2)</num><content><p>Where this section applies (but subject to subsection <ref href="#d28e43410">(3)</ref>) the enforcement officer may apply to the relevant court for a crypto wallet freezing order in relation to the crypto wallet in which the cryptoassets are held.</p></content></subsection><subsection eId="d28e43410"><num>(3)</num><content><p>An enforcement officer may not apply for a crypto wallet freezing order unless the officer is a senior officer or is authorised to do so by a senior officer.</p></content></subsection><subsection><num>(4)</num><intro><p>For the purposes of this Chapter—</p></intro><level class="para1"><num>(a)</num><intro><p>a crypto wallet freezing order is an order that, subject to any exclusions (see section <ref href="#d28e43743">303Z39</ref>), prohibits each person by or for whom the crypto wallet to which the order applies is administered from—</p></intro><level class="para2"><num>(i)</num><content><p>making withdrawals or payments from the crypto wallet, or</p></content></level><level class="para2"><num>(ii)</num><content><p>using the crypto wallet in any other way;</p></content></level></level><level class="para1" eId="d28e43443"><num>(b)</num><content><p>a crypto wallet is administered by or for a person if the person is the person to whom services are being provided by a cryptoasset service provider in relation to that crypto wallet.</p></content></level></subsection><subsection><num>(5)</num><content><p>An application for a crypto wallet freezing order may be made without notice if the circumstances of the case are such that notice of the application would prejudice the taking of any steps under this Part to forfeit cryptoassets that are recoverable property or intended by any person for use in unlawful conduct.</p></content></subsection><subsection><num>(6)</num><intro><p>An application for a crypto wallet freezing order under this section may be combined with an application for an account freezing order under section 303Z1 where a single entity—</p></intro><level class="para1"><num>(a)</num><content><p>is both a relevant financial institution for the purposes of section 303Z1 and a cryptoasset service provider for the purposes of this section, and</p></content></level><level class="para1"><num>(b)</num><content><p>operates or administers, for the same person, both an account holding money (above the minimum amount specified in section 303Z8) and a crypto wallet.</p></content></level></subsection><subsection><num>(7)</num><intro><p>An application for a crypto wallet freezing order may not be made by an SFO officer, or an accredited financial investigator, in relation to a UK-connected cryptoasset service provider where—</p></intro><level class="para1"><num>(a)</num><content><p>the provider has its registered office, or if it does not have one, its head office in Scotland, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in Scotland.</p></content></level></subsection><subsection><num>(8)</num><intro><p>In this Chapter—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-enforcement-officer">enforcement officer</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-relevant-court">relevant court</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, a magistrates’ court, and</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, the sheriff;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-uk-connected-cryptoasset-service-provider">UK-connected cryptoasset service provider</term>” means a cryptoasset service provider which—</p></intro><level class="para1"><num>(a)</num><content><p>is acting in the course of business carried on by it in the United Kingdom,</p></content></level><level class="para1"><num>(b)</num><content><p>has terms and conditions with the persons to whom it provides services which provide for a legal dispute to be litigated in the courts of a part of the United Kingdom,</p></content></level><level class="para1"><num>(c)</num><content><p>holds, in the United Kingdom, any data relating to the persons to whom it provides services, or</p></content></level><level class="para1"><num>(d)</num><content><p>meets the condition in subsection <ref href="#d28e43561">(9)</ref>.</p></content></level></hcontainer></subsection><subsection eId="d28e43561"><num>(9)</num><intro><p>The condition in this subsection is that—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider has its registered office, or if it does not have one, its head office in the United Kingdom, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in the United Kingdom.</p></content></level></subsection></section><section eId="d28e43582"><num>303Z37</num><heading>Making of a crypto wallet freezing order</heading><subsection><num>(1)</num><content><p>This section applies where an application for a crypto wallet freezing order is made under section <ref href="#d28e43379">303Z36</ref> in relation to a crypto wallet.</p></content></subsection><subsection><num>(2)</num><intro><p>The relevant court may make the order if satisfied that there are reasonable grounds for suspecting that some or all of the cryptoassets held in the crypto wallet—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection eId="d28e43613"><num>(3)</num><content><p>A crypto wallet freezing order ceases to have effect at the end of the period specified in the order (which may be varied under section <ref href="#d28e43697">303Z38</ref>) unless it ceases to have effect at an earlier or later time in accordance with this Chapter or Chapter 3E or 3F.</p></content></subsection><subsection eId="d28e43622"><num>(4)</num><content><p>The period specified by the relevant court for the purposes of subsection <ref href="#d28e43613">(3)</ref> (whether when the order is first made or on a variation under section <ref href="#d28e43697">303Z38</ref>) may not exceed the period of 2 years, beginning with the day on which the crypto wallet freezing order is (or was) made; but this is subject to subsection <ref href="#d28e43637">(5)</ref>.</p></content></subsection><subsection eId="d28e43637"><num>(5)</num><content><p>The relevant court may make an order for the period of 2 years in subsection <ref href="#d28e43622">(4)</ref> to be extended to a period of up to 3 years beginning with the day on which the crypto wallet freezing order is (or was) made.</p></content></subsection><subsection eId="d28e43646"><num>(6)</num><content><p>The relevant court may make an order under subsection <ref href="#d28e43637">(5)</ref> if satisfied that a request for assistance is outstanding in relation to some or all of the cryptoassets held in the crypto wallet.</p></content></subsection><subsection><num>(7)</num><intro><p>A “request for assistance” in subsection <ref href="#d28e43646">(6)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with some or all of the cryptoassets held in the crypto wallet, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an enforcement officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Part, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A (evidence overseas).</p></content></level></subsection><subsection><num>(8)</num><content><p>A crypto wallet freezing order must provide for notice to be given to persons affected by the order.</p></content></subsection></section><section eId="d28e43697"><num>303Z38</num><heading>Variation and setting aside of crypto wallet freezing order</heading><subsection eId="d28e43701"><num>(1)</num><intro><p>The relevant court may at any time vary or set aside a crypto wallet freezing order on an application made by—</p></intro><level class="para1"><num>(a)</num><content><p>an enforcement officer, or</p></content></level><level class="para1"><num>(b)</num><content><p>any person affected by the order.</p></content></level></subsection><subsection><num>(2)</num><content><p>But an enforcement officer may not make an application under subsection <ref href="#d28e43701">(1)</ref> unless the officer is a senior officer or is authorised to do so by a senior officer.</p></content></subsection><subsection><num>(3)</num><content><p>Before varying or setting aside a crypto wallet freezing order the court must (as well as giving the parties to the proceedings an opportunity to be heard) give such an opportunity to any person who may be affected by its decision.</p></content></subsection><subsection><num>(4)</num><content><p>In relation to Scotland, the references in this section to setting aside an order are to be read as references to recalling it.</p></content></subsection></section><section eId="d28e43743"><num>303Z39</num><heading>Exclusions</heading><subsection><num>(1)</num><content><p>The power to vary a crypto wallet freezing order includes (amongst other things) power to make exclusions from the prohibition on making withdrawals or payments from the crypto wallet to which the order applies.</p></content></subsection><subsection><num>(2)</num><content><p>Exclusions from the prohibition may also be made when the order is made.</p></content></subsection><subsection><num>(3)</num><intro><p>An exclusion may (amongst other things) make provision for the purpose of enabling a person by or for whom the crypto wallet is administered—</p></intro><level class="para1"><num>(a)</num><content><p>to meet the person’s reasonable living expenses, or</p></content></level><level class="para1"><num>(b)</num><content><p>to carry on any trade, business, profession or occupation.</p></content></level></subsection><subsection eId="d28e43777"><num>(4)</num><content><p>An exclusion may be made subject to conditions.</p></content></subsection><subsection><num>(5)</num><intro><p>Where a magistrates’ court exercises the power to make an exclusion for the purpose of enabling a person to meet legal expenses that the person has incurred, or may incur, in respect of proceedings under this Part, it must ensure that the exclusion—</p></intro><level class="para1"><num>(a)</num><content><p>is limited to reasonable legal expenses that the person has reasonably incurred or that the person reasonably incurs,</p></content></level><level class="para1"><num>(b)</num><content><p>specifies the total amount that may be released for legal expenses in pursuance of the exclusion, and</p></content></level><level class="para1"><num>(c)</num><content><p>is made subject to the same conditions as would be the required conditions (see section 286A) if the order had been made under section 245A (in addition to any conditions imposed under subsection <ref href="#d28e43777">(4)</ref>).</p></content></level></subsection><subsection eId="d28e43810"><num>(6)</num><intro><p>A magistrates’ court, in deciding whether to make an exclusion for the purpose of enabling a person to meet legal expenses in respect of proceedings under this Part—</p></intro><level class="para1"><num>(a)</num><content><p>must have regard to the desirability of the person being represented in any proceedings under this Part in which the person is a participant, and</p></content></level><level class="para1"><num>(b)</num><intro><p>must disregard the possibility that legal representation of the person in any such proceedings might, were an exclusion not made—</p></intro><level class="para2"><num>(i)</num><content><p>be made available under arrangements made for the purposes of Part 1 of the Legal Aid, Sentencing and Punishment of Offenders Act 2012, or</p></content></level><level class="para2"><num>(ii)</num><content><p>be funded by the Department of Justice.</p></content></level></level></subsection><subsection><num>(7)</num><content><p>The sheriff’s power to make exclusions may not be exercised for the purpose of enabling any person to meet any legal expenses in respect of proceedings under this Part.</p></content></subsection><subsection><num>(8)</num><content><p>The power to make exclusions must, subject to subsection <ref href="#d28e43810">(6)</ref>, be exercised with a view to ensuring, so far as practicable, that there is not undue prejudice to the taking of any steps under this Part to forfeit cryptoassets that are recoverable property or intended by any person for use in unlawful conduct.</p></content></subsection></section><section><num>303Z40</num><heading>Restrictions on proceedings and remedies</heading><subsection eId="d28e43862"><num>(1)</num><content><p>If a court in which proceedings are pending in respect of a crypto wallet administered by a UK-connected cryptoasset service provider is satisfied that a crypto wallet freezing order has been applied for or made in respect of the crypto wallet, it may either stay the proceedings or allow them to continue on any terms it thinks fit.</p></content></subsection><subsection><num>(2)</num><content><p>Before exercising the power conferred by subsection <ref href="#d28e43862">(1)</ref>, the court must (as well as giving the parties to any of the proceedings concerned an opportunity to be heard) give such an opportunity to any person who may be affected by the court’s decision.</p></content></subsection><subsection><num>(3)</num><content><p>In relation to Scotland, the reference in subsection <ref href="#d28e43862">(1)</ref> to staying the proceedings is to be read as a reference to sisting the proceedings.</p></content></subsection></section></hcontainer></chapter><chapter><num>CHAPTER 3E</num><heading>Forfeiture of cryptoassets following detention or freezing order</heading><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Forfeiture orders</heading><section eId="d28e43897"><num>303Z41</num><heading>Forfeiture order</heading><subsection><num>(1)</num><intro><p>This section applies—</p></intro><level class="para1"><num>(a)</num><content><p>while any cryptoassets are detained under Chapter 3C, or</p></content></level><level class="para1"><num>(b)</num><content><p>while a crypto wallet freezing order made under section <ref href="#d28e43582">303Z37</ref> has effect.</p></content></level></subsection><subsection eId="d28e43922"><num>(2)</num><intro><p>An application for the forfeiture of some or all of the cryptoassets that are detained or held in the crypto wallet that is subject to the crypto wallet freezing order may be made—</p></intro><level class="para1" eId="d28e43928"><num>(a)</num><content><p>to a magistrates’ court by a person within subsection <ref href="#d28e43943">(3)</ref>, or</p></content></level><level class="para1" eId="d28e43937"><num>(b)</num><content><p>to the sheriff by the Scottish Ministers.</p></content></level></subsection><subsection eId="d28e43943"><num>(3)</num><intro><p>The following persons are within this subsection—</p></intro><level class="para1"><num>(a)</num><content><p>the Commissioners for His Majesty’s Revenue and Customs,</p></content></level><level class="para1"><num>(b)</num><content><p>a constable,</p></content></level><level class="para1"><num>(c)</num><content><p>an SFO officer, and</p></content></level><level class="para1"><num>(d)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453.</p></content></level></subsection><subsection eId="d28e43973"><num>(4)</num><intro><p>The court or sheriff may order the forfeiture of some or all of the cryptoassets if satisfied that the cryptoassets—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection eId="d28e43991"><num>(5)</num><intro><p>An order under subsection <ref href="#d28e43973">(4)</ref> made by a magistrates’ court may provide for payment under section <ref href="#d28e45401">303Z49</ref> of reasonable legal expenses that a person has reasonably incurred, or may reasonably incur, in respect of—</p></intro><level class="para1"><num>(a)</num><content><p>the proceedings in which the order is made, or</p></content></level><level class="para1"><num>(b)</num><content><p>any related proceedings under this Chapter.</p></content></level></subsection><subsection eId="d28e44015"><num>(6)</num><intro><p>A sum in respect of a relevant item of expenditure is not payable under section <ref href="#d28e45401">303Z49</ref> in pursuance of provision under subsection <ref href="#d28e43991">(5)</ref> unless—</p></intro><level class="para1"><num>(a)</num><content><p>the person who applied for the order under subsection <ref href="#d28e43973">(4)</ref> agrees to its payment, or</p></content></level><level class="para1"><num>(b)</num><content><p>the court has assessed the amount allowed in respect of that item and the sum is paid in respect of the assessed amount.</p></content></level></subsection><subsection eId="d28e44042"><num>(7)</num><intro><p>For the purposes of subsection <ref href="#d28e44015">(6)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>a “relevant item of expenditure” is an item of expenditure to which regulations under section 286B would apply if the order under subsection <ref href="#d28e43973">(4)</ref> had instead been a recovery order;</p></content></level><level class="para1"><num>(b)</num><content><p>an amount is “allowed” in respect of a relevant item of expenditure if it would have been allowed by those regulations;</p></content></level><level class="para1"><num>(c)</num><content><p>if the person who applied for the order under subsection <ref href="#d28e43973">(4)</ref> was a constable, an SFO officer or an accredited financial investigator, that person may not agree to the payment of a sum unless the person is a senior officer or is authorised to do so by a senior officer.</p></content></level></subsection><subsection><num>(8)</num><content><p>Subsection <ref href="#d28e43973">(4)</ref> ceases to apply on the transfer of an application made under this section in accordance with section <ref href="#d28e44767">303Z45</ref><ref href="#d28e44771">(1)</ref>.</p></content></subsection><subsection><num>(9)</num><intro><p>In this Chapter—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet-freezing-order">crypto wallet freezing order</term>” has the same meaning as in Chapter 3D (see section <ref href="#d28e43379">303Z36</ref>);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-enforcement-officer">enforcement officer</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>.</p></content></hcontainer></subsection><subsection><num>(10)</num><content><p>Section <ref href="#d28e43379">303Z36</ref><ref href="#d28e43443">(4)(b)</ref> applies in relation to this Chapter as it applies in relation to Chapter 3D.</p></content></subsection></section><section eId="d28e44140"><num>303Z42</num><heading>Forfeiture order: supplementary</heading><subsection><num>(1)</num><content><p>Subsection <ref href="#d28e44156">(2)</ref> applies where an application is made under section <ref href="#d28e43897">303Z41</ref> for the forfeiture of any cryptoassets detained under Chapter 3C.</p></content></subsection><subsection eId="d28e44156"><num>(2)</num><content><p>The cryptoassets are to continue to be detained under Chapter 3C (and may not be released under any power conferred by this Part) until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.</p><p>This subsection is subject to Chapter 3F (conversion to money).</p></content></subsection><subsection><num>(3)</num><intro><p>Where an application is made under section 303Z41 in relation to cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order—</p></intro><level class="para1"><num>(a)</num><content><p>subsections (4) and (5) apply, and</p></content></level><level class="para1"><num>(b)</num><content><p>the crypto wallet freezing order is to continue to have effect until the time referred to in subsection (4)(b) or (5).</p></content></level></subsection><subsection eId="d28e44183"><num>(4)</num><intro><p>Where the cryptoassets are ordered to be forfeited under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43973">(4)</ref> or <ref href="#d28e44767">303Z45</ref><ref href="#d28e44807">(3)</ref>—</p></intro><level class="para1" eId="d28e44199"><num>(a)</num><content><p>the cryptoasset service provider that administers the crypto wallet must transfer the cryptoassets into a crypto wallet nominated by an enforcement officer, and</p></content></level><level class="para1" eId="d28e44205"><num>(b)</num><content><p>immediately after the transfer has been made, the freezing order ceases to have effect.</p></content></level></subsection><subsection eId="d28e44211"><num>(5)</num><content><p>Where the application is determined or otherwise disposed of other than by the making of an order under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43973">(4)</ref> or <ref href="#d28e44767">303Z45</ref><ref href="#d28e44807">(3)</ref>, the crypto wallet freezing order ceases to have effect immediately after that determination or other disposal.</p></content></subsection><subsection eId="d28e44227"><num>(6)</num><content><p>Subsections <ref href="#d28e44183">(4)</ref>(b) and <ref href="#d28e44211">(5)</ref> are subject to section <ref href="#d28e45028">303Z46</ref> and Chapter 3F.</p></content></subsection><subsection eId="d28e44242"><num>(7)</num><content><p>The Secretary of State may by regulations amend this section to make provision about the forfeiture of cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order.</p></content></subsection><subsection><num>(8)</num><intro><p>Regulations under subsection <ref href="#d28e44242">(7)</ref> may in particular make provision about—</p></intro><level class="para1"><num>(a)</num><content><p>the process for the forfeiture of cryptoassets;</p></content></level><level class="para1"><num>(b)</num><content><p>the realisation of forfeited cryptoassets;</p></content></level><level class="para1"><num>(c)</num><content><p>the application of the proceeds of such realisation.</p></content></level></subsection><subsection><num>(9)</num><content><p>Regulations under subsection <ref href="#d28e44242">(7)</ref> may make consequential amendments of this Chapter.</p></content></subsection><subsection eId="d28e44284"><num>(10)</num><intro><p>The Secretary of State may not make regulations under subsection <ref href="#d28e44242">(7)</ref> unless the Secretary of State has—</p></intro><level class="para1" eId="d28e44293"><num>(a)</num><content><p>consulted the Scottish Ministers and the Department of Justice, and</p></content></level><level class="para1" eId="d28e44299"><num>(b)</num><content><p>given a notice containing the relevant information to the Scottish Ministers and the Department of Justice.</p></content></level></subsection><subsection><num>(11)</num><intro><p>Consultation under subsection <ref href="#d28e44293">(10)(a)</ref> must include consultation about any effects that the Secretary of State considers the regulations may have on—</p></intro><level class="para1"><num>(a)</num><content><p>a person in Scotland or Northern Ireland (as the case may be) applying for the forfeiture of cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order, and</p></content></level><level class="para1"><num>(b)</num><content><p>a sheriff or court in Scotland or a court in Northern Ireland (as the case may be) considering such an application or making an order for such forfeiture.</p></content></level></subsection><subsection><num>(12)</num><intro><p>In subsection <ref href="#d28e44299">(10)(b)</ref> “<term refersTo="#term-relevant-information">relevant information</term>” means—</p></intro><level class="para1" eId="d28e44339"><num>(a)</num><intro><p>a description of—</p></intro><level class="para2"><num>(i)</num><content><p>the process undertaken in order to comply with subsection <ref href="#d28e44293">(10)(a)</ref> in relation to the Scottish Ministers or the Department of Justice (as the case may be), and</p></content></level><level class="para2"><num>(ii)</num><content><p>any agreement, objection or other views expressed as part of that process by the Scottish Ministers or the Department of Justice (as the case may be), and</p></content></level></level><level class="para1"><num>(b)</num><content><p>an explanation of whether and how such views have been taken into account in the regulations (including, in a case where the Secretary of State proposes to make the regulations despite an objection, an explanation of the reasons for doing so).</p></content></level></subsection></section><section eId="d28e44369"><num>303Z43</num><heading>Associated and joint property</heading><subsection eId="d28e44373"><num>(1)</num><intro><p>Sections <ref href="#d28e44502">303Z44</ref> and <ref href="#d28e44767">303Z45</ref> apply if—</p></intro><level class="para1"><num>(a)</num><content><p>an application is made under section <ref href="#d28e43897">303Z41</ref> in respect of cryptoassets,</p></content></level><level class="para1" eId="d28e44394"><num>(b)</num><content><p>the court or sheriff is satisfied that some or all of the cryptoassets are recoverable property or are intended by any person for use in unlawful conduct, and</p></content></level><level class="para1"><num>(c)</num><content><p>there exists property that is associated with the cryptoassets in relation to which the court or sheriff is satisfied as mentioned in paragraph (b).</p></content></level></subsection><subsection eId="d28e44406"><num>(2)</num><intro><p>Sections <ref href="#d28e44502">303Z44</ref> and <ref href="#d28e44767">303Z45</ref> also apply in England and Wales and Northern Ireland if—</p></intro><level class="para1"><num>(a)</num><content><p>an application is made under section <ref href="#d28e43897">303Z41</ref> in respect of cryptoassets,</p></content></level><level class="para1" eId="d28e44427"><num>(b)</num><content><p>the court is satisfied that some or all of the cryptoassets are recoverable property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the cryptoassets in relation to which the court is satisfied as mentioned in paragraph <ref href="#d28e44427">(b)</ref> belong to joint tenants and one of the tenants is an excepted joint owner.</p></content></level></subsection><subsection><num>(3)</num><intro><p>In this section and sections <ref href="#d28e44502">303Z44</ref> and <ref href="#d28e44767">303Z45</ref> “<term refersTo="#term-associated-property">associated property</term>” means property of any of the following descriptions that is not itself the forfeitable property—</p></intro><level class="para1"><num>(a)</num><content><p>any interest in the forfeitable property;</p></content></level><level class="para1"><num>(b)</num><content><p>any other interest in the property in which the forfeitable property subsists;</p></content></level><level class="para1"><num>(c)</num><content><p>if the forfeitable property is part of a larger property, but not a separate part, the remainder of that property.</p></content></level><wrapUp><p>References to property being associated with forfeitable property are to be read accordingly.</p></wrapUp></subsection><subsection><num>(4)</num><content><p>In this section and sections <ref href="#d28e44502">303Z44</ref> and <ref href="#d28e44767">303Z45</ref>, the “<term refersTo="#term-forfeitable-property">forfeitable property</term>” means the cryptoassets in relation to which the court or sheriff is satisfied as mentioned in subsection <ref href="#d28e44394">(1)(b)</ref> or <ref href="#d28e44427">(2)(b)</ref> (as the case may be).</p></content></subsection></section><section eId="d28e44502"><num>303Z44</num><heading>Agreements about associated and joint property</heading><subsection eId="d28e44506"><num>(1)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>this section applies, and</p></content></level><level class="para1" eId="d28e44518"><num>(b)</num><content><p>the person who applied for the order under section <ref href="#d28e43897">303Z41</ref> (on the one hand) and the person who holds the associated property or who is the excepted joint owner (on the other hand) agree,</p></content></level><wrapUp><p>the magistrates’ court or sheriff may, instead of making an order under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43973">(4)</ref>, make an order requiring the person who holds the associated property or who is the excepted joint owner to make a payment to a person identified in the order.</p></wrapUp></subsection><subsection><num>(2)</num><intro><p>The amount of the payment is (subject to subsection <ref href="#d28e44568">(3)</ref>) to be the amount which the persons referred to in subsection <ref href="#d28e44518">(1)(b)</ref> agree represents—</p></intro><level class="para1"><num>(a)</num><content><p>in a case where this section applies by virtue of section <ref href="#d28e44369">303Z43</ref><ref href="#d28e44373">(1)</ref>, the value of the forfeitable property;</p></content></level><level class="para1"><num>(b)</num><content><p>in a case where this section applies by virtue of section <ref href="#d28e44369">303Z43</ref><ref href="#d28e44406">(2)</ref>, the value of the forfeitable property less the value of the excepted joint owner’s share.</p></content></level></subsection><subsection eId="d28e44568"><num>(3)</num><intro><p>The amount of the payment may be reduced if the person who applied for the order under section <ref href="#d28e43897">303Z41</ref> agrees that the other party to the agreement has suffered loss as a result of—</p></intro><level class="para1"><num>(a)</num><content><p>the seizure of the forfeitable property under section <ref href="#d28e42699">303Z29</ref> and its subsequent detention, or</p></content></level><level class="para1"><num>(b)</num><content><p>the making of a crypto wallet freezing order under section <ref href="#d28e43582">303Z37</ref>.</p></content></level></subsection><subsection><num>(4)</num><content><p>The reduction that is permissible by virtue of subsection <ref href="#d28e44568">(3)</ref> is such amount as the parties to the agreement agree is reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subsection><subsection><num>(5)</num><content><p>An order under subsection <ref href="#d28e44506">(1)</ref> may, so far as required for giving effect to the agreement, include provision for vesting, creating or extinguishing any interest in property.</p></content></subsection><subsection eId="d28e44613"><num>(6)</num><intro><p>An order under subsection <ref href="#d28e44506">(1)</ref> made by a magistrates’ court may provide for payment under subsection <ref href="#d28e44719">(12)</ref> of reasonable legal expenses that a person has reasonably incurred, or may reasonably incur, in respect of—</p></intro><level class="para1"><num>(a)</num><content><p>the proceedings in which the order is made, or</p></content></level><level class="para1"><num>(b)</num><content><p>any related proceedings under this Chapter.</p></content></level></subsection><subsection eId="d28e44637"><num>(7)</num><intro><p>A sum in respect of a relevant item of expenditure is not payable under subsection <ref href="#d28e44719">(12)</ref> in pursuance of provision under subsection <ref href="#d28e44613">(6)</ref> unless—</p></intro><level class="para1"><num>(a)</num><content><p>the person who applied for the order under section <ref href="#d28e43897">303Z41</ref> agrees to its payment, or</p></content></level><level class="para1"><num>(b)</num><content><p>the court has assessed the amount allowed in respect of that item and the sum is paid in respect of the assessed amount.</p></content></level></subsection><subsection><num>(8)</num><intro><p>For the purposes of subsection <ref href="#d28e44637">(7)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>a “relevant item of expenditure” is an item of expenditure to which regulations under section 286B would apply if the order under subsection <ref href="#d28e44506">(1)</ref> had instead been a recovery order;</p></content></level><level class="para1"><num>(b)</num><content><p>an amount is “allowed” in respect of a relevant item of expenditure if it would have been allowed by those regulations.</p></content></level></subsection><subsection><num>(9)</num><content><p>For the purposes of section 308(2), on the making of an order under subsection <ref href="#d28e44506">(1)</ref>, the forfeitable property is to be treated as if it had been forfeited.</p></content></subsection><subsection><num>(10)</num><content><p>If there is more than one item of associated property or more than one excepted joint owner, the total amount to be paid under subsection <ref href="#d28e44506">(1)</ref>, and the part of that amount which is to be provided by each person who holds any such associated property or who is an excepted joint owner, is to be agreed between both (or all) of them and the person who applied for the order under section <ref href="#d28e43897">303Z41</ref>.</p></content></subsection><subsection><num>(11)</num><content><p>If the person who applied for the order under section <ref href="#d28e43897">303Z41</ref> was a constable, an SFO officer or an accredited financial investigator, that person may enter into an agreement for the purposes of any provision of this section only if the person is a senior officer or is authorised to do so by a senior officer.</p></content></subsection><subsection eId="d28e44719"><num>(12)</num><intro><p>An amount received under an order under subsection <ref href="#d28e44506">(1)</ref> must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, it must be applied in making any payment of legal expenses which, after giving effect to subsection <ref href="#d28e44637">(7)</ref>, are payable under this subsection in pursuance of provision under subsection <ref href="#d28e44613">(6)</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>second, it must be applied in payment or reimbursement of any reasonable costs incurred in storing or insuring the forfeitable property and any associated property whilst detained under this Part;</p></content></level><level class="para1"><num>(c)</num><intro><p>third, it must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if the order was made by a magistrates’ court, into the Consolidated Fund;</p></content></level><level class="para2"><num>(ii)</num><content><p>if the order was made by the sheriff, into the Scottish Consolidated Fund.</p></content></level></level></subsection></section><section eId="d28e44767"><num>303Z45</num><heading>Associated and joint property: default of agreement</heading><subsection eId="d28e44771"><num>(1)</num><content><p>Where this section applies and there is no agreement under section <ref href="#d28e44502">303Z44</ref>, the magistrates’ court or sheriff may transfer the application made under section <ref href="#d28e43897">303Z41</ref> to the appropriate court.</p></content></subsection><subsection><num>(2)</num><intro><p>The “appropriate court” is—</p></intro><level class="para1"><num>(a)</num><content><p>the High Court, where the application under section <ref href="#d28e43897">303Z41</ref> was made to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>the Court of Session, where the application under section <ref href="#d28e43897">303Z41</ref> was made to the sheriff.</p></content></level></subsection><subsection eId="d28e44807"><num>(3)</num><content><p>Where (under subsection <ref href="#d28e44771">(1)</ref>) an application made under section <ref href="#d28e43897">303Z41</ref> is transferred to the appropriate court, the appropriate court may order the forfeiture of the property to which the application relates, or any part of that property, if satisfied that what is to be forfeited is recoverable property or intended by any person for use in unlawful conduct.</p></content></subsection><subsection eId="d28e44819"><num>(4)</num><content><p>An order under subsection <ref href="#d28e44807">(3)</ref> made by the High Court may include provision of the type that may be included in an order under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43973">(4)</ref> made by a magistrates’ court by virtue of section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43991">(5)</ref>.</p></content></subsection><subsection eId="d28e44838"><num>(5)</num><content><p>If provision is included in an order of the High Court by virtue of subsection <ref href="#d28e44819">(4)</ref> of this section, section <ref href="#d28e43897">303Z41</ref><ref href="#d28e44015">(6)</ref> and <ref href="#d28e44042">(7)</ref> apply with the necessary modifications.</p></content></subsection><subsection eId="d28e44855"><num>(6)</num><intro><p>The appropriate court may, as well as making an order under subsection <ref href="#d28e44807">(3)</ref>, make an order—</p></intro><level class="para1"><num>(a)</num><content><p>providing for the forfeiture of the associated property or (as the case may be) for the excepted joint owner‘s interest to be extinguished, or</p></content></level><level class="para1"><num>(b)</num><content><p>providing for the excepted joint owner‘s interest to be severed.</p></content></level></subsection><subsection eId="d28e44876"><num>(7)</num><intro><p>Where (under subsection <ref href="#d28e44771">(1)</ref>) the magistrates’ court or sheriff decides not to transfer an application made under section <ref href="#d28e43897">303Z41</ref> to the appropriate court, the magistrates’ court or sheriff may, as well as making an order under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43973">(4)</ref>, make an order—</p></intro><level class="para1"><num>(a)</num><content><p>providing for the forfeiture of the associated property or (as the case may be) for the excepted joint owner‘s interest to be extinguished, or</p></content></level><level class="para1"><num>(b)</num><content><p>providing for the excepted joint owner‘s interest to be severed.</p></content></level></subsection><subsection><num>(8)</num><content><p>An order under subsection <ref href="#d28e44855">(6)</ref> or <ref href="#d28e44876">(7)</ref> may be made only if the appropriate court, the magistrates’ court or the sheriff (as the case may be) thinks it just and equitable to do so.</p></content></subsection><subsection eId="d28e44917"><num>(9)</num><content><p>An order under subsection <ref href="#d28e44855">(6)</ref> or <ref href="#d28e44876">(7)</ref> must provide for the payment of an amount to the person who holds the associated property or who is an excepted joint owner.</p></content></subsection><subsection><num>(10)</num><intro><p>In making an order under subsection <ref href="#d28e44855">(6)</ref> or <ref href="#d28e44876">(7)</ref>, and including provision in it by virtue of subsection <ref href="#d28e44917">(9)</ref>, the appropriate court, the magistrates’ court or the sheriff (as the case may be) must have regard to—</p></intro><level class="para1"><num>(a)</num><content><p>the rights of any person who holds the associated property or who is an excepted joint owner and the value to that person of that property or (as the case may be) of that person‘s share (including any value that cannot be assessed in terms of money), and</p></content></level><level class="para1"><num>(b)</num><content><p>the interest of the person who applied for the order under section <ref href="#d28e43897">303Z41</ref> in realising the value of the forfeitable property.</p></content></level></subsection><subsection eId="d28e44959"><num>(11)</num><intro><p>If the appropriate court, the magistrates’ court or the sheriff (as the case may be) is satisfied that—</p></intro><level class="para1"><num>(a)</num><intro><p>the person who holds the associated property or who is an excepted joint owner has suffered loss as a result of—</p></intro><level class="para2"><num>(i)</num><content><p>the seizure of the forfeitable property under section <ref href="#d28e42699">303Z29</ref> and its subsequent detention, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the making of the crypto wallet freezing order under section <ref href="#d28e43582">303Z37</ref>, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>the circumstances are exceptional,</p></content></level><wrapUp><p>an order under subsection <ref href="#d28e44855">(6)</ref> or <ref href="#d28e44876">(7)</ref> may require the payment of compensation to that person.</p></wrapUp></subsection><subsection><num>(12)</num><content><p>The amount of compensation to be paid by virtue of subsection <ref href="#d28e44959">(11)</ref> is the amount the appropriate court, the magistrates’ court or the sheriff (as the case may be) thinks reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subsection><subsection><num>(13)</num><content><p>Compensation to be paid by virtue of subsection <ref href="#d28e44959">(11)</ref> is to be paid in the same way that compensation is to be paid under section <ref href="#d28e45778">303Z52</ref>.</p></content></subsection></section><section eId="d28e45028"><num>303Z46</num><heading>Continuation of crypto wallet freezing order pending appeal</heading><subsection><num>(1)</num><intro><p>This section applies where, on an application under section <ref href="#d28e43897">303Z41</ref> in relation to a crypto wallet to which a crypto wallet freezing order applies—</p></intro><level class="para1"><num>(a)</num><intro><p>the magistrates’ court or sheriff decides—</p></intro><level class="para2"><num>(i)</num><content><p>to make an order under section 303Z41(4) in relation to some but not all of the cryptoassets to which the application related, or</p></content></level><level class="para2"><num>(ii)</num><content><p>not to make an order under section 303Z41(4), or</p></content></level></level><level class="para1"><num>(b)</num><intro><p>if the application is transferred in accordance with section 303Z45(1), the High Court or Court of Session decides—</p></intro><level class="para2"><num>(i)</num><content><p>to make an order under section 303Z45(3) in relation to some but not all of the cryptoassets to which the application related, or</p></content></level><level class="para2"><num>(ii)</num><content><p>not to make an order under section 303Z45(3).</p></content></level></level></subsection><subsection eId="d28e45077"><num>(2)</num><content><p>The person who made the application under section <ref href="#d28e43897">303Z41</ref> may apply without notice to the court or sheriff that made the decision referred to in subsection (1) for an order that the crypto wallet freezing order is to continue to have effect.</p></content></subsection><subsection eId="d28e45086"><num>(3)</num><intro><p>Where the court or sheriff makes an order under subsection <ref href="#d28e45077">(2)</ref> the crypto wallet freezing order is to continue to have effect until—</p></intro><level class="para1"><num>(a)</num><content><p>the end of the period of 48 hours starting with the making of the order under subsection <ref href="#d28e45077">(2)</ref>, or</p></content></level><level class="para1"><num>(b)</num><content><p>if within that period of 48 hours an appeal is brought (whether under section <ref href="#d28e45137">303Z47</ref> or otherwise) against the decision referred to in subsection (1), the time when the appeal is determined or otherwise disposed of.</p></content></level></subsection><subsection><num>(4)</num><content><p>Subsection <ref href="#d28e42802">(3)</ref> of section <ref href="#d28e42775">303Z31</ref> applies for the purposes of subsection <ref href="#d28e45086">(3)</ref> as it applies for the purposes of that section.</p></content></subsection></section><section eId="d28e45137"><num>303Z47</num><heading>Sections <ref href="#d28e43897">303Z41</ref> to <ref href="#d28e44767">303Z45</ref>: appeals</heading><subsection eId="d28e45141"><num>(1)</num><intro><p>Any party to proceedings for an order for the forfeiture of cryptoassets under section <ref href="#d28e43897">303Z41</ref> may appeal against—</p></intro><level class="para1"><num>(a)</num><content><p>the making of an order under section <ref href="#d28e43897">303Z41</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>the making of an order under section <ref href="#d28e44767">303Z45</ref><ref href="#d28e44876">(7)</ref>;</p></content></level><level class="para1" eId="d28e45170"><num>(c)</num><content><p>a decision not to make an order under section <ref href="#d28e43897">303Z41</ref> unless the reason that no order was made is that an order was instead made under section <ref href="#d28e44502">303Z44</ref>;</p></content></level><level class="para1" eId="d28e45182"><num>(d)</num><content><p>a decision not to make an order under section <ref href="#d28e44767">303Z45</ref><ref href="#d28e44876">(7)</ref>.</p></content></level><wrapUp><p>Paragraphs <ref href="#d28e45170">(c)</ref> and <ref href="#d28e45182">(d)</ref> do not apply if the application for the order under section <ref href="#d28e43897">303Z41</ref> was transferred in accordance with section <ref href="#d28e44767">303Z45</ref><ref href="#d28e44771">(1)</ref>.</p></wrapUp></subsection><subsection eId="d28e45210"><num>(2)</num><content><p>Where an order under section <ref href="#d28e44502">303Z44</ref> is made by a magistrates’ court, any party to the proceedings for the order (including any party to the proceedings under section <ref href="#d28e43897">303Z41</ref> that preceded the making of the order) may appeal against a decision to include, or not to include, provision in the order under section <ref href="#d28e44502">303Z44</ref><ref href="#d28e44613">(6)</ref>.</p></content></subsection><subsection><num>(3)</num><intro><p>An appeal under this section lies—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales, to the Crown Court;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, to the Sheriff Appeal Court;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to Northern Ireland, to a county court.</p></content></level></subsection><subsection eId="d28e45251"><num>(4)</num><content><p>An appeal under this section must be made before the end of the period of 30 days starting with the day on which the court or sheriff makes the order or decision.</p></content></subsection><subsection><num>(5)</num><content><p>The court hearing the appeal may make any order it thinks appropriate.</p></content></subsection><subsection eId="d28e45263"><num>(6)</num><content><p>If the court upholds an appeal against an order forfeiting any cryptoasset or other item of property, it may order the release of the whole or any part of the property.</p></content></subsection></section><section eId="d28e45272"><num>303Z48</num><heading>Realisation or destruction of forfeited cryptoassets etc</heading><subsection eId="d28e45276"><num>(1)</num><content><p>This section applies where any cryptoasset or other item of property is forfeited under this Chapter.</p></content></subsection><subsection eId="d28e45282"><num>(2)</num><intro><p>An enforcement officer must—</p></intro><level class="para1"><num>(a)</num><content><p>realise the property, or</p></content></level><level class="para1"><num>(b)</num><content><p>make arrangements for its realisation.</p></content></level><wrapUp><p>This is subject to subsections <ref href="#d28e45309">(3)</ref> to <ref href="#d28e45339">(5)</ref>.</p></wrapUp></subsection><subsection eId="d28e45309"><num>(3)</num><intro><p>The property is not to be realised—</p></intro><level class="para1"><num>(a)</num><content><p>before the end of the period within which an appeal may be made (whether under section <ref href="#d28e45137">303Z47</ref> or otherwise), or</p></content></level><level class="para1"><num>(b)</num><content><p>if an appeal is made within that period, before the appeal is determined or otherwise disposed of.</p></content></level></subsection><subsection><num>(4)</num><content><p>The realisation of property under subsection <ref href="#d28e45282">(2)</ref> must be carried out, so far as practicable, in the manner best calculated to maximise the amount obtained for the property.</p></content></subsection><subsection eId="d28e45339"><num>(5)</num><intro><p>Where an enforcement officer is satisfied that—</p></intro><level class="para1"><num>(a)</num><content><p>it is not reasonably practicable to realise any cryptoasset, or</p></content></level><level class="para1"><num>(b)</num><content><p>there are reasonable grounds to believe that the realisation of any cryptoasset would be contrary to the public interest,</p></content></level><wrapUp><p>the enforcement officer may destroy the cryptoasset.</p></wrapUp></subsection><subsection><num>(6)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>the enforcement officer may destroy the cryptoasset only if the officer is a senior officer or is authorised to do so by a senior officer, and</p></content></level><level class="para1"><num>(b)</num><intro><p>the cryptoasset is not to be destroyed—</p></intro><level class="para2"><num>(i)</num><content><p>before the end of the period within which an appeal may be made (whether under section <ref href="#d28e45137">303Z47</ref> or otherwise), or</p></content></level><level class="para2"><num>(ii)</num><content><p>if an appeal is made within that period, before the appeal is determined or otherwise disposed of.</p></content></level></level></subsection><subsection><num>(7)</num><content><p>The question of whether the realisation of the cryptoasset would be contrary to the public interest is to be determined with particular reference to how likely it is that the entry of the cryptoasset into general circulation would facilitate criminal conduct by any person.</p></content></subsection></section><section eId="d28e45401"><num>303Z49</num><heading>Proceeds of realisation</heading><subsection><num>(1)</num><content><p>This section applies where any cryptoasset or other item of property is realised under section <ref href="#d28e45272">303Z48</ref>.</p></content></subsection><subsection><num>(2)</num><intro><p>The proceeds of the realisation must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, they must be applied in making any payment required to be made by virtue of section <ref href="#d28e44767">303Z45</ref><ref href="#d28e44917">(9)</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>second, they must be applied in making any payment of legal expenses which, after giving effect to section <ref href="#d28e43897">303Z41</ref><ref href="#d28e44015">(6)</ref> (including as applied by section <ref href="#d28e44767">303Z45</ref><ref href="#d28e44838">(5)</ref>), are payable under this subsection in pursuance of provision under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43991">(5)</ref> or, as the case may be, <ref href="#d28e44767">303Z45</ref><ref href="#d28e44819">(4)</ref>;</p></content></level><level class="para1" eId="d28e45458"><num>(c)</num><content><p>third, they must be applied in payment or reimbursement of any reasonable costs incurred in storing or insuring the property whilst detained under this Part and in realising the property;</p></content></level><level class="para1"><num>(d)</num><intro><p>fourth, they must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if the property was forfeited by a magistrates’ court or the High Court, into the Consolidated Fund;</p></content></level><level class="para2"><num>(ii)</num><content><p>if the property was forfeited by the sheriff or the Court of Session, into the Scottish Consolidated Fund.</p></content></level></level></subsection><subsection><num>(3)</num><content><p>If what is realised under section <ref href="#d28e45272">303Z48</ref> represents part only of an item of property, the reference in subsection <ref href="#d28e45458">(2)(c)</ref> to costs incurred in storing or insuring the property is to be read as a reference to costs incurred in storing or insuring the whole of the property.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Supplementary</heading><section><num>303Z50</num><heading>Victims and other owners: detained cryptoassets</heading><subsection eId="d28e45504"><num>(1)</num><content><p>A person who claims that any cryptoassets detained under this Part belong to the person may apply for some or all of the cryptoassets to be released.</p></content></subsection><subsection><num>(2)</num><intro><p>An application under subsection <ref href="#d28e45504">(1)</ref> is to be made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, to the sheriff.</p></content></level></subsection><subsection><num>(3)</num><content><p>The application may be made in the course of proceedings under section <ref href="#d28e42850">303Z32</ref> or <ref href="#d28e43897">303Z41</ref> or at any other time.</p></content></subsection><subsection><num>(4)</num><intro><p>The court or sheriff may order the cryptoassets to which the application relates to be released to the applicant if it appears to the court or sheriff that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the cryptoassets to which the application relates, or of property which they represent, by unlawful conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, recoverable property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the cryptoassets belong to the applicant.</p></content></level></subsection><subsection eId="d28e45567"><num>(5)</num><content><p>If subsection <ref href="#d28e45576">(6)</ref> applies, the court or sheriff may order the cryptoassets to which the application relates to be released to the applicant or to the person from whom they were seized.</p></content></subsection><subsection eId="d28e45576"><num>(6)</num><intro><p>This subsection applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the cryptoassets to which the application relates were seized,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the court or sheriff that those cryptoassets belong to the applicant,</p></content></level><level class="para1"><num>(c)</num><content><p>the court or sheriff is satisfied that the release condition is met in relation to those cryptoassets, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under subsection <ref href="#d28e45567">(5)</ref> has been made by the person from whom those cryptoassets were seized.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>if the conditions in Chapter 3C for the detention of the cryptoassets are no longer met, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to cryptoassets which are subject to an application for forfeiture under section <ref href="#d28e43897">303Z41</ref>, if the court or sheriff decides not to make an order under that section in relation to the cryptoassets.</p></content></level></subsection></section><section><num>303Z51</num><heading>Victims and other owners: crypto wallet freezing orders</heading><subsection eId="d28e45637"><num>(1)</num><content><p>A person who claims that any cryptoassets held in a crypto wallet in respect of which a crypto wallet freezing order has effect belong to the person may apply for some or all of the cryptoassets to be released.</p></content></subsection><subsection><num>(2)</num><intro><p>An application under subsection <ref href="#d28e45637">(1)</ref> is to be made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, to the sheriff.</p></content></level></subsection><subsection><num>(3)</num><content><p>The application may be made in the course of proceedings under section <ref href="#d28e43582">303Z37</ref> or <ref href="#d28e43897">303Z41</ref> or at any other time.</p></content></subsection><subsection eId="d28e45676"><num>(4)</num><intro><p>The court or sheriff may, subject to subsection (8), order the cryptoassets to which the application relates to be released to the applicant if it appears to the court or sheriff that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the cryptoassets to which the application relates, or of property which they represent, by unlawful conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, recoverable property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the cryptoassets belong to the applicant.</p></content></level></subsection><subsection eId="d28e45700"><num>(5)</num><content><p>If subsection <ref href="#d28e45709">(6)</ref> applies, the court or sheriff may, subject to subsection (8), order the cryptoassets to which the application relates to be released to the applicant.</p></content></subsection><subsection eId="d28e45709"><num>(6)</num><intro><p>This subsection applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the cryptoassets to which the application relates were seized,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the court or sheriff that those cryptoassets belong to the applicant,</p></content></level><level class="para1"><num>(c)</num><content><p>the court or sheriff is satisfied that the release condition is met in relation to those cryptoassets, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under subsection <ref href="#d28e45700">(5)</ref> has been made by the person from whom those cryptoassets were seized.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>if the conditions for the making of the crypto wallet freezing order are no longer met in relation to the cryptoassets to which the application relates, or</p></content></level><level class="para1" eId="d28e45754"><num>(b)</num><content><p>in relation to cryptoassets held in a crypto wallet subject to a crypto wallet freezing order which are subject to an application for forfeiture under section <ref href="#d28e43897">303Z41</ref>, if the court or sheriff decides not to make an order under that section in relation to the cryptoassets.</p></content></level></subsection><subsection><num>(8)</num><content><p>If an application under section 303Z41 is made for the forfeiture of the cryptoassets, the cryptoassets are not to be released under this section until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.</p></content></subsection><subsection><num>(9)</num><content><p>In relation to cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order, references in this section to a person from whom cryptoassets were seized include a reference to a person by or for whom the crypto wallet was administered immediately before the crypto wallet freezing order was made.</p></content></subsection></section><section eId="d28e45778"><num>303Z52</num><heading>Compensation</heading><subsection><num>(1)</num><content><p>This section applies if no order is made under section <ref href="#d28e43897">303Z41</ref>, <ref href="#d28e44502">303Z44</ref> or <ref href="#d28e44767">303Z45</ref> in respect of cryptoassets detained under this Part or held in a crypto wallet that is subject to a crypto wallet freezing order under section <ref href="#d28e43582">303Z37</ref>.</p></content></subsection><subsection><num>(2)</num><intro><p>Where this section applies, the following may make an application to the relevant court for compensation—</p></intro><level class="para1"><num>(a)</num><content><p>a person to whom the cryptoassets belong or from whom they were seized, or</p></content></level><level class="para1"><num>(b)</num><content><p>a person by or for whom a crypto wallet to which the crypto wallet freezing order applies is administered.</p></content></level></subsection><subsection><num>(3)</num><content><p>If the relevant court is satisfied that the applicant has suffered loss as a result of the detention of the cryptoassets or the making of the crypto wallet freezing order and that the circumstances are exceptional, the relevant court may order compensation to be paid to the applicant.</p></content></subsection><subsection><num>(4)</num><content><p>The amount of compensation to be paid is the amount the relevant court thinks reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subsection><subsection><num>(5)</num><content><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by an officer of Revenue and Customs, the compensation is to be paid by the Commissioners for His Majesty’s Revenue and Customs.</p></content></subsection><subsection><num>(6)</num><intro><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by a constable, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a constable of a police force in England and Wales, it is to be paid out of the police fund from which the expenses of the police force are met;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of a constable of the Police Service of Scotland, it is to be paid by the Scottish Police Authority;</p></content></level><level class="para1"><num>(c)</num><content><p>in the case of a police officer within the meaning of the Police (Northern Ireland) Act 2000, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland.</p></content></level></subsection><subsection><num>(7)</num><content><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by an SFO officer, the compensation is to be paid by the Director of the Serious Fraud Office.</p></content></subsection><subsection><num>(8)</num><content><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by a National Crime Agency officer, the compensation is to be paid by the National Crime Agency.</p></content></subsection><subsection eId="d28e45872"><num>(9)</num><intro><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by an accredited financial investigator who was not an officer of Revenue and Customs, a constable, an SFO officer or a National Crime Agency officer, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><intro><p>in the case of an investigator who was—</p></intro><level class="para2"><num>(i)</num><content><p>a member of the civilian staff of a police force (including the metropolitan police force), within the meaning of Part 1 of the Police Reform and Social Responsibility Act 2011, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a member of staff of the City of London police force,</p></content></level><wrapUp><p>it is to be paid out of the police fund from which the expenses of the police force are met,</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>in the case of an investigator who was a member of staff of the Police Service of Northern Ireland, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland,</p></content></level><level class="para1"><num>(c)</num><content><p>in the case of an investigator who was a member of staff of a department of the Government of the United Kingdom, it is to be paid by the Minister of the Crown in charge of the department or by the department,</p></content></level><level class="para1"><num>(d)</num><content><p>in the case of an investigator who was a member of staff of a Northern Ireland department, it is to be paid by the department,</p></content></level><level class="para1"><num>(e)</num><content><p>in the case of an investigator who was exercising a function of the Welsh Revenue Authority, it is to be paid by the Welsh Revenue Authority, and</p></content></level><level class="para1"><num>(f)</num><content><p>in any other case, it is to be paid by the employer of the investigator.</p></content></level></subsection><subsection eId="d28e45928"><num>(10)</num><content><p>The Secretary of State may by regulations amend subsection <ref href="#d28e45872">(9)</ref>.</p></content></subsection><subsection><num>(11)</num><intro><p>The power in subsection <ref href="#d28e45928">(10)</ref> is exercisable by the Department of Justice (and not by the Secretary of State) so far as it may be used to make provision that—</p></intro><level class="para1"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level><level class="para1"><num>(b)</num><content><p>would not, if contained in a Bill for an Act of the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State.</p></content></level></subsection><subsection><num>(12)</num><content><p>If an order under section <ref href="#d28e43582">303Z37</ref>, <ref href="#d28e43897">303Z41</ref>, <ref href="#d28e44502">303Z44</ref> or <ref href="#d28e44767">303Z45</ref> is made in respect of some of the cryptoassets detained or held, this section has effect in relation to the remainder.</p></content></subsection><subsection><num>(13)</num><intro><p>In this section “<term refersTo="#term-relevant-court">relevant court</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, a magistrates’ court, and</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, the sheriff.</p></content></level></subsection></section><section><num>303Z53</num><heading>Powers for prosecutors to appear in proceedings</heading><subsection eId="d28e46005"><num>(1)</num><intro><p>The Director of Public Prosecutions or the Director of Public Prosecutions for Northern Ireland may appear for a constable or an accredited financial investigator in proceedings under this Chapter if the Director—</p></intro><level class="para1"><num>(a)</num><content><p>is asked by, or on behalf of, a constable or (as the case may be) an accredited financial investigator to do so, and</p></content></level><level class="para1"><num>(b)</num><content><p>considers it appropriate to do so.</p></content></level></subsection><subsection eId="d28e46023"><num>(2)</num><intro><p>The Director of Public Prosecutions may appear for the Commissioners for His Majesty’s Revenue and Customs or an officer of Revenue and Customs in proceedings under this Chapter if the Director—</p></intro><level class="para1"><num>(a)</num><content><p>is asked by, or on behalf of, the Commissioners for His Majesty’s Revenue and Customs or (as the case may be) an officer of Revenue and Customs to do so, and</p></content></level><level class="para1"><num>(b)</num><content><p>considers it appropriate to do so.</p></content></level></subsection><subsection><num>(3)</num><content><p>The Directors may charge fees for the provision of services under this section.</p></content></subsection><subsection><num>(4)</num><content><p>The references in subsection <ref href="#d28e46005">(1)</ref> to an accredited financial investigator do not include an accredited financial investigator who is an officer of Revenue and Customs but the references in subsection <ref href="#d28e46023">(2)</ref> to an officer of Revenue and Customs do include an accredited financial investigator who is an officer of Revenue and Customs.</p></content></subsection></section></hcontainer></chapter><chapter><num>CHAPTER 3F</num><heading>Conversion of cryptoassets</heading><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Conversion</heading><section eId="d28e46070"><num>303Z54</num><heading>Detained cryptoassets: conversion</heading><subsection><num>(1)</num><content><p>Subsection <ref href="#d28e46089">(2)</ref> applies while any cryptoassets are detained in pursuance of an order under section <ref href="#d28e42730">303Z30</ref> or <ref href="#d28e42850">303Z32</ref> (including where cryptoassets are subject to forfeiture proceedings).</p></content></subsection><subsection eId="d28e46089"><num>(2)</num><content><p>A person within subsection <ref href="#d28e46098">(3)</ref> may apply to the relevant court for an order requiring all of the cryptoassets detained pursuant to the order to be converted into money.</p></content></subsection><subsection eId="d28e46098"><num>(3)</num><intro><p>The following persons are within this subsection—</p></intro><level class="para1"><num>(a)</num><content><p>an enforcement officer;</p></content></level><level class="para1"><num>(b)</num><content><p>a person from whom the cryptoassets were seized.</p></content></level></subsection><subsection><num>(4)</num><content><p>In deciding whether to make an order under this section, the court must have regard to whether the cryptoassets (as a whole) are likely to suffer a significant loss in value during the period before they are released or forfeited (including the period during which an appeal against an order for forfeiture may be made).</p></content></subsection><subsection><num>(5)</num><intro><p>Before making an order under this section the court must give an opportunity to be heard to—</p></intro><level class="para1"><num>(a)</num><content><p>the parties to the proceedings, and</p></content></level><level class="para1"><num>(b)</num><content><p>any other person who may be affected by its decision.</p></content></level></subsection><subsection eId="d28e46140"><num>(6)</num><content><p>As soon as practicable after an order is made under this section, an enforcement officer must convert the cryptoassets, or arrange for the cryptoassets to be converted, into money.</p></content></subsection><subsection><num>(7)</num><content><p>The conversion of cryptoassets under subsection <ref href="#d28e46140">(6)</ref> must be carried out, so far as practicable, in the manner best calculated to maximise the amount of money obtained for the cryptoassets.</p></content></subsection><subsection><num>(8)</num><content><p>At the first opportunity after the cryptoassets are converted, the enforcement officer must arrange for the amount of money obtained for the cryptoassets to be paid into an interest-bearing account and held there.</p></content></subsection><subsection><num>(9)</num><content><p>Interest accruing on the amount is to be added to it on its forfeiture or release.</p></content></subsection><subsection><num>(10)</num><intro><p>Where cryptoassets are converted into money in accordance with an order made under this section—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoassets are no longer to be treated as being detained in pursuance of an order under section <ref href="#d28e42730">303Z30</ref> or <ref href="#d28e42850">303Z32</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>any application made under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43922">(2)</ref> in relation to the cryptoassets which has not yet been determined or otherwise disposed of (including under section <ref href="#d28e44502">303Z44</ref> or <ref href="#d28e44767">303Z45</ref>) is to be treated as if it were an application made under section <ref href="#d28e47107">303Z60</ref><ref href="#d28e47123">(2)</ref> in relation to the converted cryptoassets.</p></content></level></subsection><subsection><num>(11)</num><content><p>An order made under this section must provide for notice to be given to persons affected by the order.</p></content></subsection><subsection><num>(12)</num><content><p>No appeal may be made against an order made under this section.</p></content></subsection></section><section eId="d28e46223"><num>303Z55</num><heading>Frozen crypto wallet: conversion</heading><subsection><num>(1)</num><content><p>This section applies while a crypto wallet freezing order under section <ref href="#d28e43582">303Z37</ref> has effect (including where cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order are subject to forfeiture proceedings).</p></content></subsection><subsection><num>(2)</num><content><p>A person within subsection <ref href="#d28e46245">(3)</ref> may apply to the relevant court for an order requiring all of the cryptoassets held in the crypto wallet to be converted into money.</p></content></subsection><subsection eId="d28e46245"><num>(3)</num><intro><p>The following persons are within this subsection—</p></intro><level class="para1"><num>(a)</num><content><p>an enforcement officer;</p></content></level><level class="para1"><num>(b)</num><content><p>a person by or for whom the crypto wallet is administered.</p></content></level></subsection><subsection><num>(4)</num><intro><p>In deciding whether to make an order under this section, the court must have regard to whether the cryptoassets (as a whole) are likely to suffer a significant loss in value during the period before—</p></intro><level class="para1"><num>(a)</num><content><p>the crypto wallet freezing order ceases to have effect, or</p></content></level><level class="para1"><num>(b)</num><content><p>the cryptoassets are forfeited (including the period during which an appeal against an order for forfeiture may be made).</p></content></level></subsection><subsection><num>(5)</num><intro><p>Before making an order under this section the court must give an opportunity to be heard to—</p></intro><level class="para1"><num>(a)</num><content><p>the parties to the proceedings, and</p></content></level><level class="para1"><num>(b)</num><content><p>any other person who may be affected by its decision.</p></content></level></subsection><subsection eId="d28e46299"><num>(6)</num><content><p>As soon as practicable after an order is made under this section, the UK-connected cryptoasset service provider that administers the crypto wallet must convert the cryptoassets, or arrange for the cryptoassets to be converted, into money.</p></content></subsection><subsection><num>(7)</num><content><p>The conversion of cryptoassets under subsection <ref href="#d28e46299">(6)</ref> must be carried out, so far as practicable, in the manner best calculated to maximise the amount of money obtained for the cryptoassets.</p></content></subsection><subsection><num>(8)</num><content><p>At the first opportunity after the cryptoassets are converted, the UK-connected cryptoasset service provider must arrange for the amount of money obtained for the cryptoassets to be paid into an interest-bearing account nominated by an enforcement officer and held there.</p></content></subsection><subsection><num>(9)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>the UK-connected cryptoasset service provider may deduct any reasonable expenses incurred by the provider in connection with the conversion of the cryptoassets, and</p></content></level><level class="para1"><num>(b)</num><content><p>the amount to be treated as the proceeds of the conversion of the cryptoassets is to be reduced accordingly.</p></content></level></subsection><subsection><num>(10)</num><content><p>Interest accruing on the amount obtained for the cryptoassets is to be added to it on its forfeiture or release.</p></content></subsection><subsection><num>(11)</num><intro><p>Where cryptoassets are converted in accordance with an order made under this section—</p></intro><level class="para1"><num>(a)</num><content><p>the crypto wallet freezing order ceases to have effect,</p></content></level><level class="para1" eId="d28e46356"><num>(b)</num><content><p>any application made under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43922">(2)</ref> in relation to the cryptoassets which has not yet been determined or otherwise disposed of (including under section <ref href="#d28e44502">303Z44</ref> or <ref href="#d28e44767">303Z45</ref>) is to be treated as if it were an application made under section <ref href="#d28e47107">303Z60</ref><ref href="#d28e47123">(2)</ref> in relation to the converted cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><content><p>any application made under section <ref href="#d28e45028">303Z46</ref><ref href="#d28e45077">(2)</ref> in relation to the crypto wallet which has not yet been determined or otherwise disposed of may not be proceeded with.</p></content></level></subsection><subsection><num>(12)</num><content><p>An order made under this section must provide for notice to be given to persons affected by the order.</p></content></subsection><subsection><num>(13)</num><content><p>No appeal may be made against an order made under this section.</p></content></subsection></section><section><num>303Z56</num><heading>Conversion: existing forfeiture proceedings</heading><subsection eId="d28e46409"><num>(1)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets are forfeited under section <ref href="#d28e43897">303Z41</ref> or <ref href="#d28e44767">303Z45</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>before the cryptoassets are realised or destroyed in accordance with section <ref href="#d28e45272">303Z48</ref>, an order is made under section <ref href="#d28e46070">303Z54</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>section <ref href="#d28e47270">303Z62</ref><ref href="#d28e47274">(1)</ref> applies in relation to the converted cryptoassets as if they had been detained under section <ref href="#d28e46618">303Z57</ref> and forfeited under section <ref href="#d28e47107">303Z60</ref> (and accordingly section <ref href="#d28e45272">303Z48</ref> ceases to apply).</p></wrapUp></subsection><subsection eId="d28e46455"><num>(2)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets are forfeited under section <ref href="#d28e43897">303Z41</ref> or <ref href="#d28e44767">303Z45</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>before the cryptoassets are realised or destroyed in accordance with section <ref href="#d28e45272">303Z48</ref>, an order is made under section <ref href="#d28e46223">303Z55</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>section <ref href="#d28e47270">303Z62</ref><ref href="#d28e47332">(2)</ref> applies in relation to the converted cryptoassets as if they had been detained under section <ref href="#d28e46805">303Z58</ref> and forfeited under section <ref href="#d28e47107">303Z60</ref> (and accordingly section <ref href="#d28e45272">303Z48</ref> ceases to apply).</p></wrapUp></subsection><subsection><num>(3)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>an appeal may be made under section <ref href="#d28e45137">303Z47</ref><ref href="#d28e45141">(1)</ref> or <ref href="#d28e45210">(2)</ref> in relation to the determination of an application under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43922">(2)</ref> for the forfeiture of cryptoassets (including where section <ref href="#d28e44502">303Z44</ref> or <ref href="#d28e44767">303Z45</ref> applies), and</p></content></level><level class="para1"><num>(b)</num><content><p>an order is made under section <ref href="#d28e46070">303Z54</ref> or <ref href="#d28e46223">303Z55</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>the appeal may instead be made under section <ref href="#d28e47215">303Z61</ref> (within the time allowed by section <ref href="#d28e45137">303Z47</ref><ref href="#d28e45251">(4)</ref>) as if it were an appeal against the determination of an application under section <ref href="#d28e47107">303Z60</ref>.</p></wrapUp></subsection><subsection><num>(4)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>an appeal is made under section <ref href="#d28e45137">303Z47</ref><ref href="#d28e45141">(1)</ref> or <ref href="#d28e45210">(2)</ref> in relation to the determination of an application under section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43922">(2)</ref> for the forfeiture of cryptoassets (including where section <ref href="#d28e44502">303Z44</ref> or <ref href="#d28e44767">303Z45</ref> applies), and</p></content></level><level class="para1"><num>(b)</num><content><p>before the appeal is determined or otherwise disposed of, an order is made under section <ref href="#d28e46070">303Z54</ref> or <ref href="#d28e46223">303Z55</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>the appeal is to be treated as if it had been made under section <ref href="#d28e47215">303Z61</ref><ref href="#d28e47219">(1)</ref> in relation to the determination of an application under section <ref href="#d28e47107">303Z60</ref> for the forfeiture of the converted cryptoassets.</p></wrapUp></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Detention</heading><section eId="d28e46618"><num>303Z57</num><heading>Detained cryptoassets: detention of proceeds of conversion</heading><subsection eId="d28e46622"><num>(1)</num><content><p>This section applies where cryptoassets are converted into money in accordance with an order under section <ref href="#d28e46070">303Z54</ref>.</p></content></subsection><subsection eId="d28e46631"><num>(2)</num><content><p>The proceeds of the conversion (the “converted cryptoassets”) may be detained initially until the end of the period that the cryptoassets could, immediately before the conversion, have been detained under Chapter 3C (ignoring the possibility of any extension of that period).</p></content></subsection><subsection eId="d28e46637"><num>(3)</num><content><p>The period for which the converted cryptoassets may be detained may be extended by an order made by the relevant court.</p></content></subsection><subsection eId="d28e46643"><num>(4)</num><content><p>An order under subsection <ref href="#d28e46637">(3)</ref> may not authorise the detention of the converted cryptoassets beyond the end of the period of 2 years beginning with the relevant date; but this is subject to subsection <ref href="#d28e46655">(5)</ref>.</p></content></subsection><subsection eId="d28e46655"><num>(5)</num><content><p>The relevant court may make an order for the period of 2 years in subsection <ref href="#d28e46643">(4)</ref> to be extended to a period of up to 3 years beginning with the relevant date.</p></content></subsection><subsection><num>(6)</num><content><p>In subsections <ref href="#d28e46643">(4)</ref> and <ref href="#d28e46655">(5)</ref> “<term refersTo="#term-the-relevant-date">the relevant date</term>” means the date on which the first order under section <ref href="#d28e42730">303Z30</ref> or <ref href="#d28e42850">303Z32</ref> (as the case may be) was made in relation to the cryptoassets.</p></content></subsection><subsection><num>(7)</num><intro><p>An application for an order under subsection <ref href="#d28e46637">(3)</ref> or <ref href="#d28e46655">(5)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><intro><p>in relation to England and Wales and Northern Ireland, by—</p></intro><level class="para2"><num>(i)</num><content><p>the Commissioners for His Majesty’s Revenue and Customs,</p></content></level><level class="para2"><num>(ii)</num><content><p>a constable,</p></content></level><level class="para2"><num>(iii)</num><content><p>an SFO officer, or</p></content></level><level class="para2"><num>(iv)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453, and</p></content></level></level><level class="para1" eId="d28e46727"><num>(b)</num><content><p>in relation to Scotland, by the Scottish Ministers in connection with their functions under section <ref href="#d28e43897">303Z41</ref> or by a procurator fiscal.</p></content></level></subsection><subsection eId="d28e46736"><num>(8)</num><intro><p>The relevant court may make an order under subsection <ref href="#d28e46637">(3)</ref> only if satisfied that there are reasonable grounds for suspecting that the converted cryptoassets to be further detained—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection eId="d28e46757"><num>(9)</num><content><p>The relevant court may make an order under subsection <ref href="#d28e46655">(5)</ref> only if satisfied that a request for assistance is outstanding in relation to the cryptoassets mentioned in subsection <ref href="#d28e46622">(1)</ref>.</p></content></subsection><subsection><num>(10)</num><intro><p>A “request for assistance” in subsection <ref href="#d28e46757">(9)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the cryptoassets, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an enforcement officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Part, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A (evidence overseas).</p></content></level></subsection></section><section eId="d28e46805"><num>303Z58</num><heading>Frozen crypto wallets: detention of proceeds of conversion</heading><subsection eId="d28e46809"><num>(1)</num><content><p>This section applies where cryptoassets held in a crypto wallet subject to a crypto wallet freezing order are converted into money in accordance with an order under section <ref href="#d28e46223">303Z55</ref>.</p></content></subsection><subsection eId="d28e46818"><num>(2)</num><content><p>The proceeds of the conversion (the “converted cryptoassets”) may be detained initially until the end of the period that the crypto wallet freezing order was, immediately before the conversion, due to have effect under Chapter 3D (ignoring the possibility of any extension of that period).</p></content></subsection><subsection eId="d28e46824"><num>(3)</num><content><p>The period for which the converted cryptoassets may be detained may be extended by an order made by the relevant court.</p></content></subsection><subsection eId="d28e46830"><num>(4)</num><content><p>An order under subsection <ref href="#d28e46824">(3)</ref> may not authorise the detention of the converted cryptoassets beyond the end of the period of 2 years beginning with the day on which the crypto wallet freezing order was made; but this is subject to subsection <ref href="#d28e46655">(5)</ref>.</p></content></subsection><subsection eId="d28e46842"><num>(5)</num><content><p>The relevant court may make an order for the period of 2 years in subsection <ref href="#d28e46830">(4)</ref> to be extended to a period of up to 3 years beginning with the day on which the crypto wallet freezing order was made.</p></content></subsection><subsection><num>(6)</num><intro><p>An application for an order under subsection <ref href="#d28e46824">(3)</ref> or <ref href="#d28e46842">(5)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><intro><p>in relation to England and Wales and Northern Ireland, by—</p></intro><level class="para2"><num>(i)</num><content><p>the Commissioners for His Majesty’s Revenue and Customs,</p></content></level><level class="para2"><num>(ii)</num><content><p>a constable,</p></content></level><level class="para2"><num>(iii)</num><content><p>an SFO officer, or</p></content></level><level class="para2"><num>(iv)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453, and</p></content></level></level><level class="para1" eId="d28e46893"><num>(b)</num><content><p>in relation to Scotland, by the Scottish Ministers in connection with their functions under section <ref href="#d28e43897">303Z41</ref> or by a procurator fiscal.</p></content></level></subsection><subsection eId="d28e46902"><num>(7)</num><intro><p>The relevant court may make an order under subsection <ref href="#d28e46824">(3)</ref> only if satisfied that there are reasonable grounds for suspecting that the converted cryptoassets to be further detained—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection eId="d28e46923"><num>(8)</num><content><p>The relevant court may make an order under subsection <ref href="#d28e46842">(5)</ref> only if satisfied that a request for assistance is outstanding in relation to the cryptoassets mentioned in subsection <ref href="#d28e46622">(1)</ref>.</p></content></subsection><subsection><num>(9)</num><intro><p>A “request for assistance” in subsection <ref href="#d28e46923">(8)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the cryptoassets, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an enforcement officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Part, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A (evidence overseas).</p></content></level></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Release</heading><section><num>303Z59</num><heading>Release of detained converted cryptoassets</heading><subsection><num>(1)</num><content><p>This section applies while any converted cryptoassets are detained under section <ref href="#d28e46618">303Z57</ref> or <ref href="#d28e46805">303Z58</ref>.</p></content></subsection><subsection eId="d28e46990"><num>(2)</num><content><p>The relevant court may direct the release of the whole or any part of the converted cryptoassets if the following condition is met.</p></content></subsection><subsection eId="d28e46996"><num>(3)</num><intro><p>The condition is that, on an application by the relevant person, the court is not satisfied that there are reasonable grounds for suspecting that the converted cryptoassets to be released—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection eId="d28e47014"><num>(4)</num><intro><p>In subsection <ref href="#d28e46996">(3)</ref> “<term refersTo="#term-the-relevant-person">the relevant person</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of converted cryptoassets detained under section <ref href="#d28e46618">303Z57</ref>, the person from whom the cryptoassets mentioned in subsection <ref href="#d28e46622">(1)</ref> of that section were seized, and</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of converted cryptoassets detained under section <ref href="#d28e46805">303Z58</ref>, any person affected by the crypto wallet freezing order mentioned in subsection <ref href="#d28e46809">(1)</ref> of that section.</p></content></level></subsection><subsection eId="d28e47050"><num>(5)</num><content><p>A person within subsection <ref href="#d28e47059">(6)</ref> may, after notifying the magistrates’ court or sheriff under whose order converted cryptoassets are being detained, release the whole or any part of the converted cryptoassets if satisfied that the detention is no longer justified.</p></content></subsection><subsection eId="d28e47059"><num>(6)</num><intro><p>The following persons are within this subsection—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales or Northern Ireland, an enforcement officer;</p></content></level><level class="para1"><num>(b)</num><intro><p>in relation to Scotland—</p></intro><level class="para2"><num>(i)</num><content><p>the Scottish Ministers,</p></content></level><level class="para2"><num>(ii)</num><content><p>an officer of Revenue and Customs,</p></content></level><level class="para2"><num>(iii)</num><content><p>a constable, and</p></content></level><level class="para2"><num>(iv)</num><content><p>a procurator fiscal.</p></content></level></level></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Forfeiture</heading><section eId="d28e47107"><num>303Z60</num><heading>Forfeiture order</heading><subsection><num>(1)</num><content><p>This section applies while any converted cryptoassets are detained under section <ref href="#d28e46618">303Z57</ref> or <ref href="#d28e46805">303Z58</ref>.</p></content></subsection><subsection eId="d28e47123"><num>(2)</num><intro><p>An application for the forfeiture of some or all of the converted cryptoassets may be made—</p></intro><level class="para1" eId="d28e47129"><num>(a)</num><content><p>to a magistrates’ court by a person within subsection <ref href="#d28e47144">(3)</ref>, or</p></content></level><level class="para1"><num>(b)</num><content><p>to the sheriff by the Scottish Ministers.</p></content></level></subsection><subsection eId="d28e47144"><num>(3)</num><intro><p>The following persons are within this subsection—</p></intro><level class="para1"><num>(a)</num><content><p>the Commissioners for His Majesty’s Revenue and Customs,</p></content></level><level class="para1"><num>(b)</num><content><p>a constable,</p></content></level><level class="para1"><num>(c)</num><content><p>an SFO officer, and</p></content></level><level class="para1"><num>(d)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this Chapter by the Secretary of State or the Welsh Ministers under section 453.</p></content></level></subsection><subsection><num>(4)</num><intro><p>The court or sheriff may order the forfeiture of some or all of the converted cryptoassets if satisfied that the converted cryptoassets to be forfeited—</p></intro><level class="para1"><num>(a)</num><content><p>are recoverable property, or</p></content></level><level class="para1"><num>(b)</num><content><p>are intended by any person for use in unlawful conduct.</p></content></level></subsection><subsection><num>(5)</num><content><p>But in the case of recoverable property which belongs to joint tenants, one of whom is an excepted joint owner, the order may not apply to so much of it as the court thinks is attributable to the excepted joint owner’s share.</p></content></subsection><subsection><num>(6)</num><content><p>Where an application for forfeiture is made under this section, the converted cryptoassets are to continue to be detained under section <ref href="#d28e46618">303Z57</ref> or <ref href="#d28e46805">303Z58</ref> (and may not be released under any power conferred by this Chapter) until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.</p></content></subsection></section><section eId="d28e47215"><num>303Z61</num><heading>Appeal against decision under section <ref href="#d28e47107">303Z60</ref></heading><subsection eId="d28e47219"><num>(1)</num><intro><p>Any party to proceedings for an order for the forfeiture of converted cryptoassets under section <ref href="#d28e47107">303Z60</ref> who is aggrieved by an order under that section or by the decision of the court not to make such an order may appeal—</p></intro><level class="para1"><num>(a)</num><content><p>from an order or decision of a magistrates’ court in England and Wales, to the Crown Court;</p></content></level><level class="para1"><num>(b)</num><content><p>from an order or decision of the sheriff, to the Sheriff Appeal Court;</p></content></level><level class="para1"><num>(c)</num><content><p>from an order or decision of a magistrates’ court in Northern Ireland, to a county court.</p></content></level></subsection><subsection><num>(2)</num><content><p>An appeal under subsection <ref href="#d28e47219">(1)</ref> must be made before the end of the period of 30 days starting with the day on which the court makes the order or decision.</p></content></subsection><subsection><num>(3)</num><content><p>The court hearing the appeal may make any order it thinks appropriate.</p></content></subsection><subsection><num>(4)</num><content><p>If the court upholds an appeal against an order forfeiting the converted cryptoassets, it may order the release of some or all of the converted cryptoassets.</p></content></subsection></section><section eId="d28e47270"><num>303Z62</num><heading>Application of forfeited converted cryptoassets</heading><subsection eId="d28e47274"><num>(1)</num><intro><p>Converted cryptoassets detained under section <ref href="#d28e46618">303Z57</ref> and forfeited under section <ref href="#d28e47107">303Z60</ref>, and any accrued interest on them, must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, they must be applied in making any payment of reasonable expenses incurred by an enforcement officer in connection with the safe storage of the cryptoassets mentioned in section <ref href="#d28e46618">303Z57</ref><ref href="#d28e46622">(1)</ref> during the period the cryptoassets were detained under Chapter 3C;</p></content></level><level class="para1"><num>(b)</num><content><p>second, they must be applied in making any payment of reasonable expenses incurred by an enforcement officer in connection with the conversion of those cryptoassets under section <ref href="#d28e46070">303Z54</ref><ref href="#d28e46140">(6)</ref>;</p></content></level><level class="para1"><num>(c)</num><content><p>third, they must be applied in making any payment of reasonable expenses incurred by an enforcement officer in connection with the detention of the converted cryptoassets under this Chapter;</p></content></level><level class="para1"><num>(d)</num><intro><p>fourth, they must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if forfeited by a magistrates’ court in England and Wales or Northern Ireland, into the Consolidated Fund, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if forfeited by the sheriff, into the Scottish Consolidated Fund.</p></content></level></level></subsection><subsection eId="d28e47332"><num>(2)</num><intro><p>Converted cryptoassets detained under section <ref href="#d28e46805">303Z58</ref> and forfeited under section <ref href="#d28e47107">303Z60</ref>, and any accrued interest on them, must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, they must be applied in making any payment of reasonable expenses incurred by an enforcement officer in connection with the detention of the converted cryptoassets under this Chapter;</p></content></level><level class="para1"><num>(b)</num><intro><p>second, they must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if forfeited by a magistrates’ court in England and Wales or Northern Ireland, into the Consolidated Fund, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if forfeited by the sheriff, into the Scottish Consolidated Fund.</p></content></level></level></subsection><subsection eId="d28e47368"><num>(3)</num><intro><p>But converted cryptoassets are not to be applied or paid under subsection <ref href="#d28e47219">(1)</ref> or <ref href="#d28e47332">(2)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>before the end of the period within which an appeal under section <ref href="#d28e47215">303Z61</ref> may be made, or</p></content></level><level class="para1"><num>(b)</num><content><p>if a person appeals under that section, before the appeal is determined or otherwise disposed of.</p></content></level></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Supplementary</heading><section><num>303Z63</num><heading>Victims and other owners</heading><subsection><num>(1)</num><content><p>This section applies where converted cryptoassets are detained under this Chapter.</p></content></subsection><subsection><num>(2)</num><intro><p>Where this section applies, a person (“<term refersTo="#term-p">P</term>”) who claims that the relevant cryptoassets belonged to P immediately before—</p></intro><level class="para1"><num>(a)</num><content><p>the relevant cryptoassets were seized, or</p></content></level><level class="para1" eId="d28e47426"><num>(b)</num><content><p>the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held,</p></content></level><wrapUp><p>may apply to the relevant court for some or all of the converted cryptoassets to be released to P.</p></wrapUp></subsection><subsection><num>(3)</num><content><p>The application may be made in the course of proceedings under section <ref href="#d28e46618">303Z57</ref>, <ref href="#d28e46805">303Z58</ref> or <ref href="#d28e47107">303Z60</ref> or at any other time.</p></content></subsection><subsection><num>(4)</num><content><p>The relevant court may order the converted cryptoassets to which the application relates to be released to the applicant if it appears to the relevant court that the condition in subsection <ref href="#d28e47458">(5)</ref> is met.</p></content></subsection><subsection eId="d28e47458"><num>(5)</num><intro><p>The condition in this subsection is that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the relevant cryptoassets, or of property which they represent, by unlawful conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the relevant cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, recoverable property, and</p></content></level><level class="para1"><num>(c)</num><intro><p>the relevant cryptoassets belonged to the applicant immediately before—</p></intro><level class="para2"><num>(i)</num><content><p>the relevant cryptoassets were seized, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held.</p></content></level></level></subsection><subsection eId="d28e47494"><num>(6)</num><content><p>If subsection <ref href="#d28e47503">(7)</ref> applies, the relevant court may order the converted cryptoassets to which the application relates to be released to the applicant or to the person from whom the relevant cryptoassets were seized.</p></content></subsection><subsection eId="d28e47503"><num>(7)</num><intro><p>This subsection applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the relevant cryptoassets were seized,</p></content></level><level class="para1"><num>(b)</num><intro><p>it appears to the relevant court that the relevant cryptoassets belonged to the applicant immediately before—</p></intro><level class="para2"><num>(i)</num><content><p>the relevant cryptoassets were seized, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held,</p></content></level></level><level class="para1"><num>(c)</num><content><p>the relevant court is satisfied that the release condition is met in relation to the converted cryptoassets, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under subsection <ref href="#d28e47494">(6)</ref> has been made by the person from whom the relevant cryptoassets were seized.</p></content></level></subsection><subsection><num>(8)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>if the conditions in this Chapter for the detention of the converted cryptoassets are no longer met, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to converted cryptoassets which are subject to an application for forfeiture under section <ref href="#d28e47107">303Z60</ref>, if the court or sheriff decides not to make an order under that section in relation to the converted cryptoassets.</p></content></level></subsection><subsection><num>(9)</num><content><p>Where subsection <ref href="#d28e47426">(2)(b)</ref> applies, references in this section to a person from whom relevant cryptoassets were seized include a reference to a person by or for whom the crypto wallet mentioned in that provision was administered immediately before the crypto wallet freezing order was made in relation to the crypto wallet.</p></content></subsection><subsection><num>(10)</num><intro><p>In this section “<term refersTo="#term-the-relevant-cryptoassets">the relevant cryptoassets</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to converted cryptoassets detained under section <ref href="#d28e46618">303Z57</ref>, some or all of the cryptoassets mentioned in subsection <ref href="#d28e46622">(1)</ref> of that section, and</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to converted cryptoassets detained under section <ref href="#d28e46805">303Z58</ref>, some or all of the cryptoassets mentioned in subsection <ref href="#d28e46809">(1)</ref> of that section.</p></content></level></subsection></section><section eId="d28e47614"><num>303Z64</num><heading>Compensation</heading><subsection><num>(1)</num><content><p>This section applies if no order is made under section <ref href="#d28e47107">303Z60</ref> in respect of converted cryptoassets detained under this Chapter.</p></content></subsection><subsection><num>(2)</num><intro><p>Where this section applies, the following may make an application to the relevant court for compensation—</p></intro><level class="para1"><num>(a)</num><content><p>a person to whom the relevant cryptoassets belonged immediately before they were seized;</p></content></level><level class="para1"><num>(b)</num><content><p>a person from whom the relevant cryptoassets were seized;</p></content></level><level class="para1"><num>(c)</num><content><p>a person by or for whom the crypto wallet mentioned in section <ref href="#d28e46805">303Z58</ref><ref href="#d28e46809">(1)</ref> was administered immediately before the crypto wallet freezing order was made in relation to the crypto wallet.</p></content></level></subsection><subsection><num>(3)</num><intro><p>If the relevant court is satisfied that—</p></intro><level class="para1"><num>(a)</num><intro><p>the applicant has suffered loss as a result of—</p></intro><level class="para2"><num>(i)</num><content><p>the conversion of the relevant cryptoassets into money, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the detention of the converted cryptoassets, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>the circumstances are exceptional,</p></content></level><wrapUp><p>the relevant court may order compensation to be paid to the applicant.</p></wrapUp></subsection><subsection><num>(4)</num><content><p>The amount of compensation to be paid is the amount the relevant court thinks reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subsection><subsection><num>(5)</num><content><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by an officer of Revenue and Customs, the compensation is to be paid by the Commissioners for His Majesty’s Revenue and Customs.</p></content></subsection><subsection><num>(6)</num><intro><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by a constable, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a constable of a police force in England and Wales, it is to be paid out of the police fund from which the expenses of the police force are met;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of a constable of the Police Service of Scotland, it is to be paid by the Scottish Police Authority;</p></content></level><level class="para1"><num>(c)</num><content><p>in the case of a police officer within the meaning of the Police (Northern Ireland) Act 2000, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland.</p></content></level></subsection><subsection><num>(7)</num><content><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by an SFO officer, the compensation is to be paid by the Director of the Serious Fraud Office.</p></content></subsection><subsection><num>(8)</num><content><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by a National Crime Agency officer, the compensation is to be paid by the National Crime Agency.</p></content></subsection><subsection eId="d28e47736"><num>(9)</num><intro><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by an accredited financial investigator who was not an officer of Revenue and Customs, a constable, an SFO officer or a National Crime Agency officer, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><intro><p>in the case of an investigator who was—</p></intro><level class="para2"><num>(i)</num><content><p>a member of the civilian staff of a police force (including the metropolitan police force), within the meaning of Part 1 of the Police Reform and Social Responsibility Act 2011, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a member of staff of the City of London police force,</p></content></level><wrapUp><p>it is to be paid out of the police fund from which the expenses of the police force are met,</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>in the case of an investigator who was a member of staff of the Police Service of Northern Ireland, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland,</p></content></level><level class="para1"><num>(c)</num><content><p>in the case of an investigator who was a member of staff of a department of the Government of the United Kingdom, it is to be paid by the Minister of the Crown in charge of the department or by the department,</p></content></level><level class="para1"><num>(d)</num><content><p>in the case of an investigator who was a member of staff of a Northern Ireland department, it is to be paid by the department,</p></content></level><level class="para1"><num>(e)</num><content><p>in the case of an investigator who was exercising a function of the Welsh Revenue Authority, it is to be paid by the Welsh Revenue Authority, and</p></content></level><level class="para1"><num>(f)</num><content><p>in any other case, it is to be paid by the employer of the investigator.</p></content></level></subsection><subsection eId="d28e47792"><num>(10)</num><content><p>The Secretary of State may by regulations amend subsection <ref href="#d28e47736">(9)</ref>.</p></content></subsection><subsection><num>(11)</num><intro><p>The power in subsection <ref href="#d28e47792">(10)</ref> is exercisable by the Department of Justice (and not by the Secretary of State) so far as it may be used to make provision that—</p></intro><level class="para1"><num>(a)</num><content><p>would be within the legislative competence of the Northern Ireland Assembly if contained in an Act of that Assembly, and</p></content></level><level class="para1"><num>(b)</num><content><p>would not, if contained in a Bill for an Act of the Northern Ireland Assembly, result in the Bill requiring the consent of the Secretary of State.</p></content></level></subsection><subsection><num>(12)</num><intro><p>In this section—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-the-relevant-cryptoassets">the relevant cryptoassets</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to converted cryptoassets detained under section <ref href="#d28e46618">303Z57</ref>, the cryptoassets mentioned in subsection <ref href="#d28e46622">(1)</ref> of that section;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to converted cryptoassets detained under section <ref href="#d28e46805">303Z58</ref>, the cryptoassets mentioned in subsection <ref href="#d28e46809">(1)</ref> of that section;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-relevant-crypto-wallet-freezing-order">the relevant crypto wallet freezing order</term>”, in relation to converted cryptoassets detained under section <ref href="#d28e46805">303Z58</ref>, means the crypto wallet freezing order mentioned in subsection <ref href="#d28e46809">(1)</ref> of that section.</p></content></hcontainer></subsection></section><section><num>303Z65</num><heading>Powers for prosecutors to appear in proceedings</heading><subsection eId="d28e47878"><num>(1)</num><intro><p>The Director of Public Prosecutions or the Director of Public Prosecutions for Northern Ireland may appear for a constable or an accredited financial investigator in proceedings under this Chapter if the Director—</p></intro><level class="para1"><num>(a)</num><content><p>is asked by, or on behalf of, a constable or (as the case may be) an accredited financial investigator to do so, and</p></content></level><level class="para1"><num>(b)</num><content><p>considers it appropriate to do so.</p></content></level></subsection><subsection eId="d28e47896"><num>(2)</num><intro><p>The Director of Public Prosecutions may appear for the Commissioners for His Majesty’s Revenue and Customs or an officer of Revenue and Customs in proceedings under this Chapter if the Director—</p></intro><level class="para1"><num>(a)</num><content><p>is asked by, or on behalf of, the Commissioners for His Majesty’s Revenue and Customs or (as the case may be) an officer of Revenue and Customs to do so, and</p></content></level><level class="para1"><num>(b)</num><content><p>considers it appropriate to do so.</p></content></level></subsection><subsection><num>(3)</num><content><p>The Directors may charge fees for the provision of services under this section.</p></content></subsection><subsection><num>(4)</num><content><p>The references in subsection <ref href="#d28e47878">(1)</ref> to an accredited financial investigator do not include an accredited financial investigator who is an officer of Revenue and Customs but the references in subsection <ref href="#d28e47896">(2)</ref> to an officer of Revenue and Customs do include an accredited financial investigator who is an officer of Revenue and Customs.</p></content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Interpretation</heading><section><num>303Z66</num><heading>Interpretation</heading><subsection><num>(1)</num><intro><p>In this Chapter—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-converted-cryptoassets">converted cryptoassets</term>” is to be read in accordance with sections <ref href="#d28e46618">303Z57</ref> and <ref href="#d28e46805">303Z58</ref>;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet-freezing-order">crypto wallet freezing order</term>” has the same meaning as in Chapter 3D (see section <ref href="#d28e43379">303Z36</ref>);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-enforcement-officer">enforcement officer</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-relevant-court">relevant court</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, a magistrates’ court, and</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, the sheriff;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-financial-institution">relevant financial institution</term>” has the meaning given by section 303Z1(6);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-uk-connected-cryptoasset-service-provider">UK-connected cryptoasset service provider</term>” has the meaning given by section <ref href="#d28e43379">303Z36</ref>.</p></content></hcontainer></subsection><subsection><num>(2)</num><content><p>Section <ref href="#d28e43379">303Z36</ref><ref href="#d28e43443">(4)(b)</ref> applies in relation to this Chapter as it applies in relation to Chapter 3D.</p></content></subsection><subsection><num>(3)</num><intro><p>In this Chapter references to the conversion of cryptoassets into money are references to the conversion of cryptoassets into—</p></intro><level class="para1"><num>(a)</num><content><p>cash, or</p></content></level><level class="para1"><num>(b)</num><content><p>money held in an account maintained with a relevant financial institution.</p></content></level></subsection></section></hcontainer></chapter></quotedStructure></mod></p></content></paragraph></part><part eId="schedule-9-part-2"><num>PART 2</num><heading>Consequential and other amendments</heading><hcontainer name="crossheading" class="schGroup7" eId="d28e48049"><heading>Amendments to the Proceeds of Crime Act 2002</heading><paragraph eId="schedule-9-paragraph-2" class="schProv1"><num>2</num><content><p><mod>In section 2C(3A) of the Proceeds of Crime Act 2002 (prosecuting authorities), for “or 303Z19” substitute <quotedText>“, 303Z19, 303Z53 or 303Z65”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-9-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-9-paragraph-3-1"><num>(1)</num><content><p>Part 2 of the Proceeds of Crime Act 2002 (confiscation: England and Wales) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-3-2"><num>(2)</num><intro><p>In section 7 (recoverable amount)—</p></intro><level class="para1" eId="schedule-9-paragraph-3-2-a"><num>(a)</num><content><p><mod>in subsection (4)(c), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-3-2-b"><num>(b)</num><content><p><mod>in subsection (4)(d), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-3-3"><num>(3)</num><intro><p>In section 82 (free property)—</p></intro><level class="para1" eId="schedule-9-paragraph-3-3-a"><num>(a)</num><intro><p>in subsection (2)—</p></intro><level class="para2" eId="schedule-9-paragraph-3-3-a-i"><num>(i)</num><content><p><mod>in paragraph (ea), for “or 10Z2(3)” substitute <quotedText>“, 10Z2(3), 10Z7AG(1), 10Z7BB(2), 10Z7CA(3), 10Z7CE(3) or 10Z7DG(3)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-3-3-a-ii"><num>(ii)</num><content><p><mod>in paragraph (f), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z32(1), 303Z37(2), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level></level><level class="para1" eId="schedule-9-paragraph-3-3-b"><num>(b)</num><intro><p>in subsection (3)—</p></intro><level class="para2" eId="schedule-9-paragraph-3-3-b-i"><num>(i)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>it is detained under section 303Z30, 303Z31 or 303Z32 in a case where section 303Z42(2) applies;</p></content></level><level class="para1"><num>(bb)</num><content><p>it is detained under section 303Z57 or 303Z58 in a case where section 303Z60(6) applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-3-3-b-ii"><num>(ii)</num><content><p><mod>in paragraph (c), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-3-3-b-iii"><num>(iii)</num><content><p><mod>after paragraph (e) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ea)</num><content><p>it is detained under paragraph 10Z7AE, 10Z7AF or 10Z7AG of that Schedule in a case where paragraph 10Z7CB(2) of that Schedule applies;</p></content></level><level class="para1"><num>(eb)</num><content><p>it is detained under paragraph 10Z7DD or 10Z7DE of that Schedule in a case where paragraph 10Z7DG(5) of that Schedule applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-3-3-b-iv"><num>(iv)</num><content><p><mod>in paragraph (f), after “10I(1)” insert <quotedText>“or 10Z7CD(1)”</quotedText>.</mod></p></content></level></level></subparagraph></paragraph><paragraph eId="schedule-9-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-9-paragraph-4-1"><num>(1)</num><content><p>Part 3 of the Proceeds of Crime Act 2002 (confiscation: Scotland) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-4-2"><num>(2)</num><intro><p>In section 93 (recoverable amount)—</p></intro><level class="para1" eId="schedule-9-paragraph-4-2-a"><num>(a)</num><content><p><mod>in subsection (4)(c), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-4-2-b"><num>(b)</num><content><p><mod>in subsection (4)(d), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-4-3"><num>(3)</num><intro><p>In section 148 (free property)—</p></intro><level class="para1" eId="schedule-9-paragraph-4-3-a"><num>(a)</num><intro><p>in subsection (2)—</p></intro><level class="para2" eId="schedule-9-paragraph-4-3-a-i"><num>(i)</num><content><p><mod>in paragraph (ea), for “or 10Z2(3)” substitute <quotedText>“, 10Z2(3), 10Z7AG(1), 10Z7BB(2), 10Z7CA(3), 10Z7CE(3) or 10Z7DG(3)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-4-3-a-ii"><num>(ii)</num><content><p><mod>in paragraph (f), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z32(1), 303Z37(2), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level></level><level class="para1" eId="schedule-9-paragraph-4-3-b"><num>(b)</num><intro><p>in subsection (3)—</p></intro><level class="para2" eId="schedule-9-paragraph-4-3-b-i"><num>(i)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>it is detained under section 303Z30, 303Z31 or 303Z32 in a case where section 303Z42(2) applies;</p></content></level><level class="para1"><num>(bb)</num><content><p>it is detained under section 303Z57 or 303Z58 in a case where section 303Z60(6) applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-4-3-b-ii"><num>(ii)</num><content><p><mod>in paragraph (c), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-4-3-b-iii"><num>(iii)</num><content><p><mod>after paragraph (e) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ea)</num><content><p>it is detained under paragraph 10Z7AE, 10Z7AF or 10Z7AG of that Schedule in a case where paragraph 10Z7CB(2) of that Schedule applies;</p></content></level><level class="para1"><num>(eb)</num><content><p>it is detained under paragraph 10Z7DD or 10Z7DE of that Schedule in a case where paragraph 10Z7DG(5) of that Schedule applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-4-3-b-iv"><num>(iv)</num><content><p><mod>in paragraph (f), after “10I(1)” insert <quotedText>“or 10Z7CD(1)”</quotedText>.</mod></p></content></level></level></subparagraph></paragraph><paragraph eId="schedule-9-paragraph-5" class="schProv1"><num>5</num><subparagraph eId="schedule-9-paragraph-5-1"><num>(1)</num><content><p>Part 4 of the Proceeds of Crime Act 2002 (confiscation: Northern Ireland) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-5-2"><num>(2)</num><intro><p>In section 157 (recoverable amount)—</p></intro><level class="para1" eId="schedule-9-paragraph-5-2-a"><num>(a)</num><content><p><mod>in subsection (4)(c), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-5-2-b"><num>(b)</num><content><p><mod>in subsection (4)(d), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-5-3"><num>(3)</num><intro><p>In section 230 (free property)—</p></intro><level class="para1" eId="schedule-9-paragraph-5-3-a"><num>(a)</num><intro><p>in subsection (2)—</p></intro><level class="para2" eId="schedule-9-paragraph-5-3-a-i"><num>(i)</num><content><p><mod>in paragraph (ea), for “or 10Z2(3)” substitute <quotedText>“, 10Z2(3), 10Z7AG(1), 10Z7BB(2), 10Z7CA(3), 10Z7CE(3) or 10Z7DG(3)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-5-3-a-ii"><num>(ii)</num><content><p><mod>in paragraph (f), for “or 303Z14(4)” substitute <quotedText>“, 303Z14(4), 303Z32(1), 303Z37(2), 303Z41(4), 303Z45(3) or 303Z60(4)”</quotedText>;</mod></p></content></level></level><level class="para1" eId="schedule-9-paragraph-5-3-b"><num>(b)</num><intro><p>in subsection (3)—</p></intro><level class="para2" eId="schedule-9-paragraph-5-3-b-i"><num>(i)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>it is detained under section 303Z30, 303Z31 or 303Z32 in a case where section 303Z42(2) applies;</p></content></level><level class="para1"><num>(bb)</num><content><p>it is detained under section 303Z57 or 303Z58 in a case where section 303Z60(6) applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-5-3-b-ii"><num>(ii)</num><content><p><mod>in paragraph (c), after “303Q(1)” insert <quotedText>“or 303Z44(1)”</quotedText>;</mod></p></content></level><level class="para2" eId="schedule-9-paragraph-5-3-b-iii"><num>(iii)</num><content><p><mod>after paragraph (e) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ea)</num><content><p>it is detained under paragraph 10Z7AE, 10Z7AF or 10Z7AG of that Schedule in a case where paragraph 10Z7CB(2) of that Schedule applies;</p></content></level><level class="para1"><num>(eb)</num><content><p>it is detained under paragraph 10Z7DD or 10Z7DE of that Schedule in a case where paragraph 10Z7DG(5) of that Schedule applies;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para2" eId="schedule-9-paragraph-5-3-b-iv"><num>(iv)</num><content><p><mod>in paragraph (f), after “10I(1)” insert <quotedText>“or 10Z7CD(1)”</quotedText>.</mod></p></content></level></level></subparagraph></paragraph><paragraph eId="schedule-9-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="schedule-9-paragraph-6-1"><num>(1)</num><content><p>Part 5 of the Proceeds of Crime Act 2002 (civil recovery of the proceeds etc of unlawful conduct) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-6-2"><num>(2)</num><intro><p>In section 278 (limit on recovery)—</p></intro><level class="para1" eId="schedule-9-paragraph-6-2-a"><num>(a)</num><content><p><mod>in subsection (7)(a), for “or 303Z14” substitute <quotedText>“, 303Z14, 303Z41, 303Z45 or 303Z60”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-6-2-b"><num>(b)</num><content><p><mod>after subsection (7A) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(7B)</num><intro><p>If—</p></intro><level class="para1"><num>(a)</num><content><p>an order is made under section 303Z44 instead of an order being made under section 303Z41 for the forfeiture of recoverable property, and</p></content></level><level class="para1"><num>(b)</num><content><p>the enforcement authority subsequently seeks a recovery order in respect of related property,</p></content></level><wrapUp><p>the order under section 303Z44 is to be treated for the purposes of this section as if it were a recovery order obtained by the enforcement authority in respect of the property that was the forfeitable property in relation to the order under section 303Z44.</p></wrapUp></subsection></quotedStructure></mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-6-3"><num>(3)</num><intro><p>In section 290 (prior approval - cash), in subsection (6A)—</p></intro><level class="para1" eId="schedule-9-paragraph-6-3-a"><num>(a)</num><content><p><mod>after “section 303J” insert <quotedText>“, <ref href="#d28e42350">303Z26</ref> or <ref href="#d28e42699">303Z29</ref>”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-6-3-b"><num>(b)</num><content><p><mod>after “section 303K(5)” insert <quotedText>“, <ref href="#d28e42440">303Z27</ref><ref href="#d28e42467">(3)</ref> or (as the case may be) <ref href="#d28e42775">303Z31</ref><ref href="#d28e42802">(3)</ref>”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-6-4"><num>(4)</num><intro><p>In section 303E (prior approval - listed assets), in subsection (7)—</p></intro><level class="para1" eId="schedule-9-paragraph-6-4-a"><num>(a)</num><content><p><mod>after “section 294” insert <quotedText>“or property by virtue of section <ref href="#d28e42350">303Z26</ref> or <ref href="#d28e42699">303Z29</ref>”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-6-4-b"><num>(b)</num><content><p><mod>after “cash”, in the second place it occurs, insert <quotedText>“or property”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-6-4-c"><num>(c)</num><content><p><mod>after “section 295(1B)” insert <quotedText>“, <ref href="#d28e42440">303Z27</ref><ref href="#d28e42467">(3)</ref> or (as the case may be) <ref href="#d28e42775">303Z31</ref><ref href="#d28e42802">(3)</ref>”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-6-5"><num>(5)</num><content><p><mod>Before section 303Z18 (but after the italic heading “Supplementary”) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><section><num>303Z17A</num><heading>Victims and other owners</heading><subsection eId="d28e48626"><num>(1)</num><content><p>A person who claims that money in respect of which an account freezing order has effect belongs to them may apply for the money to be released.</p></content></subsection><subsection><num>(2)</num><intro><p>An application under subsection <ref href="#d28e48626">(1)</ref> is to be made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, to the sheriff.</p></content></level></subsection><subsection><num>(3)</num><content><p>The application may be made in the course of proceedings under section 303Z3 or 303Z14 or at any other time.</p></content></subsection><subsection><num>(4)</num><intro><p>The court or sheriff may, subject to subsection (8), order the money to which the application relates to be released to the applicant if it appears to the court or sheriff that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the money to which the application relates, or of property which it represents, by unlawful conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the money the applicant was deprived of was not, immediately before the applicant was deprived of it, recoverable property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the money belongs to the applicant.</p></content></level></subsection><subsection eId="d28e48683"><num>(5)</num><content><p>If subsection <ref href="#d28e48692">(6)</ref> applies, the court or sheriff may, subject to subsection (8), order the money to which the application relates to be released to the applicant.</p></content></subsection><subsection eId="d28e48692"><num>(6)</num><intro><p>This subsection applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the money to which the application relates was seized,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the court or sheriff that the money belongs to the applicant,</p></content></level><level class="para1"><num>(c)</num><content><p>the court or sheriff is satisfied that the release condition is met in relation to the money, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under subsection <ref href="#d28e48683">(5)</ref> has been made by the person from whom the money was seized.</p></content></level></subsection><subsection><num>(7)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to money held in a frozen account, if the conditions for making an order under section 303Z3 in relation to the money are no longer met, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to money held in a frozen account which is subject to an application for forfeiture under section 303Z14, if the court or sheriff decides not to make an order under that section in relation to the money.</p></content></level></subsection><subsection><num>(8)</num><intro><p>Money is not to be released under this section—</p></intro><level class="para1"><num>(a)</num><content><p>if an account forfeiture notice under section 303Z9 is given in respect of the money, until any proceedings in pursuance of the notice (including any proceedings on appeal) are concluded;</p></content></level><level class="para1"><num>(b)</num><content><p>if an application for its forfeiture under section 303Z14 is made, until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.</p></content></level></subsection><subsection><num>(9)</num><content><p>In relation to money held in an account that is subject to an account freezing order, references in this section to a person from whom money was seized include a reference to a person by or for whom the account was operated immediately before the account freezing order was made.</p></content></subsection></section></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-6-6"><num>(6)</num><content><p><mod>After section 311 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="crossheading" ukl:Name="Pblock"><heading>Chapters 3C to 3F: supplementary</heading><section><num>311A</num><heading>Financial investigators</heading><subsection><num>(1)</num><intro><p>This section applies where an accredited financial investigator of a particular description—</p></intro><level class="para1"><num>(a)</num><content><p>applies for an order under section 303Z28, 303Z32, 303Z57 or 303Z58 (further detention of cryptoassets etc),</p></content></level><level class="para1"><num>(b)</num><content><p>applies for forfeiture under section 303Z41 or 303Z60 (forfeiture of cryptoassets etc), or</p></content></level><level class="para1"><num>(c)</num><content><p>brings an appeal under, or relating to, Chapter 3E or 3F (cryptoassets etc).</p></content></level></subsection><subsection><num>(2)</num><content><p>Any subsequent step in the application or appeal, or any further application or appeal relating to the same matter, may be taken, made or brought by a different accredited financial investigator of the same description.</p></content></subsection></section></hcontainer></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-6-7"><num>(7)</num><intro><p>In section 312(2) (performance of functions by Scottish Ministers)—</p></intro><level class="para1" eId="schedule-9-paragraph-6-7-a"><num>(a)</num><content><p><mod>in paragraph (c), for “271(3) and (4)” substitute <quotedText>“271”</quotedText>, and</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-6-7-b"><num>(b)</num><content><p><mod>after paragraph (p) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(q)</num><content><p>section <ref href="#d28e41664">303Z20</ref><ref href="#d28e41730">(3)</ref> (cryptoassets);</p></content></level><level class="para1"><num>(r)</num><content><p>section <ref href="#d28e42289">303Z25</ref> (codes of practice);</p></content></level><level class="para1"><num>(s)</num><content><p>section 303Z28(5)(b) (further detention of seized cryptoasset-related items);</p></content></level><level class="para1"><num>(t)</num><content><p>section 303Z32(5)(b) (further detention of seized cryptoassets);</p></content></level><level class="para1"><num>(u)</num><content><p>section 303Z34(4) and (5)(b)(i) (release of cryptoassets and cryptoasset-related items);</p></content></level><level class="para1"><num>(v)</num><content><p>section <ref href="#d28e43247">303Z35</ref><ref href="#d28e43364">(5)</ref> (crypto wallets);</p></content></level><level class="para1"><num>(w)</num><content><p>section <ref href="#d28e43897">303Z41</ref><ref href="#d28e43937">(2)(b)</ref> (forfeiture of cryptoassets);</p></content></level><level class="para1"><num>(x)</num><content><p>section <ref href="#d28e44140">303Z42</ref><ref href="#d28e44284">(10)</ref> (forfeiture of cryptoassets: supplementary);</p></content></level><level class="para1"><num>(y)</num><content><p>section 303Z44 (agreements about associated and joint property);</p></content></level><level class="para1"><num>(z)</num><content><p>section 303Z45(10) (associated and joint property: default of agreement);</p></content></level><level class="para1"><num>z1</num><content><p>section 303Z46(2) (continuation of crypto wallet freezing order pending appeal);</p></content></level><level class="para1"><num>z2</num><content><p>section 303Z47(1) (sections 303Z41 to 303Z45: appeals);</p></content></level><level class="para1"><num>z3</num><content><p>section <ref href="#d28e46618">303Z57</ref><ref href="#d28e46727">(7)(b)</ref> (detained cryptoassets: detention of proceeds of conversion);</p></content></level><level class="para1"><num>z4</num><content><p>section <ref href="#d28e46805">303Z58</ref><ref href="#d28e46893">(6)(b)</ref> (frozen crypto wallets: detention of proceeds of conversion);</p></content></level><level class="para1"><num>z5</num><content><p>section <ref href="#d28e47107">303Z60</ref><ref href="#d28e47123">(2)</ref> (forfeiture of converted cryptoassets);</p></content></level><level class="para1"><num>z6</num><content><p>section 303Z61(1) (appeal against decision under section 303Z60).</p></content></level></quotedStructure></mod></p></content></level></subparagraph></paragraph><paragraph eId="schedule-9-paragraph-7" class="schProv1"><num>7</num><intro><p>In section 316(1) (general interpretation)—</p></intro><level class="para1" eId="schedule-9-paragraph-7-a"><num>(a)</num><content><p><mod>in the definition of “the court”, for “and 3B” substitute <quotedText>“, 3B, 3C, 3D, 3E and 3F”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-7-b"><num>(b)</num><content><p><mod>at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet">crypto wallet</term>” has the meaning given by section <ref href="#d28e41664">303Z20</ref>;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-justice-of-the-peace">justice of the peace</term>”, in relation to Northern Ireland, means lay magistrate;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></paragraph><paragraph eId="schedule-9-paragraph-8" class="schProv1"><num>8</num><subparagraph eId="schedule-9-paragraph-8-1"><num>(1)</num><content><p>Part 8 of the Proceeds of Crime Act 2002 (investigations) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-2"><num>(2)</num><content><p><mod>In section 341 (investigations), after subsection (3C) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3D)</num><intro><p>For the purposes of this Part a cryptoasset investigation is an investigation for the purposes of Chapter 3C, 3D, 3E or 3F of Part 5 and includes investigation into—</p></intro><level class="para1"><num>(a)</num><content><p>the derivation of cryptoassets detained under Chapter 3C (including where the cryptoassets have been converted into money in accordance with Chapter 3F),</p></content></level><level class="para1"><num>(b)</num><content><p>whether cryptoassets or converted cryptoassets detained under Chapter 3C or 3F are intended by any person to be used in unlawful conduct,</p></content></level><level class="para1"><num>(c)</num><content><p>the derivation of cryptoassets held in a crypto wallet in relation to which a crypto wallet freezing order made under section <ref href="#d28e43582">303Z37</ref> has effect (including where the cryptoassets have been converted into money in accordance with Chapter 3F), or</p></content></level><level class="para1"><num>(d)</num><content><p>whether cryptoassets held in such a wallet are intended by any person to be used in unlawful conduct.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-3"><num>(3)</num><content><p><mod>In section 342 (offences of prejudicing investigation), in subsection (1) after “frozen funds investigation” insert <quotedText>“, a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-4"><num>(4)</num><content><p><mod>In section 343 (judges), in subsection (2) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-5"><num>(5)</num><content><p><mod>In section 344 (courts), in paragraph (a) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-6"><num>(6)</num><content><p><mod>In section 345 (production orders), in subsection (2)(b) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-7"><num>(7)</num><content><p><mod>In section 346 (requirements for making of production order), in subsection (2), after paragraph (bf) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bg)</num><content><p>in the case of a cryptoasset investigation into the derivation of cryptoassets, the cryptoassets the application for the order specifies as being subject to the investigation (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are recoverable property;</p></content></level><level class="para1"><num>(bh)</num><content><p>in the case of a cryptoasset investigation into the intended use of cryptoassets, the cryptoassets the application for the order specifies as being subject to the investigation (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are intended by any person to be used in unlawful conduct.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-8"><num>(8)</num><content><p><mod>In section 350 (Government departments), in subsection (5)(a) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-9"><num>(9)</num><content><p><mod>In section 352 (search and seizure warrants), in subsection (2)(b) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-10"><num>(10)</num><content><p><mod>In section 353 (requirements where production order not available), in subsection (2), after paragraph (bf) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bg)</num><content><p>in the case of a cryptoasset investigation into the derivation of cryptoassets, the cryptoassets specfied in the application for the warrant (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are recoverable property;</p></content></level><level class="para1"><num>(bh)</num><content><p>in the case of a cryptoasset investigation into the intended use of cryptoassets, the cryptoassets specified in the application for the warrant (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are intended by any person to be used in unlawful conduct.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-11"><num>(11)</num><intro><p>Section 355 (further provisions) is amended as follows—</p></intro><level class="para1" eId="schedule-9-paragraph-8-11-a"><num>(a)</num><content><p><mod>in the heading, for “and frozen funds” substitute <quotedText>“, frozen funds and cryptoasset”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-11-b"><num>(b)</num><content><p><mod>in subsection (1)(a), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-12"><num>(12)</num><content><p><mod>In section 357 (disclosure orders), in subsection (2) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-13"><num>(13)</num><content><p><mod>In section 363 (customer information orders), in subsection (1A) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-14"><num>(14)</num><content><p><mod>In section 370 (account monitoring orders), in subsection (1A) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-15"><num>(15)</num><intro><p>Section 375A (evidence overseas) is amended as follows—</p></intro><level class="para1" eId="schedule-9-paragraph-8-15-a"><num>(a)</num><content><p><mod>in subsection (1), after “frozen funds investigation” insert <quotedText>“, a cryptoasset investigation”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-15-b"><num>(b)</num><content><p><mod>in subsection (5), after paragraph (bb) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bc)</num><content><p>in relation to an application or request made for the purposes of a cryptoasset investigation, evidence as to a matter described in section 341(3D)(a) to (d);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-16"><num>(16)</num><content><p><mod>In section 375B (evidence overseas: restrictions on use), in subsection (3), after paragraph (bb) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bc)</num><content><p>if the request was made for the purposes of a cryptoasset investigation, proceedings under Chapter 3C, 3D, 3E or 3F of Part 5 of this Act arising out of the investigation;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-17"><num>(17)</num><content><p><mod>In section 378 (officers), after subsection (3F) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(3G)</num><intro><p>In relation to a cryptoasset investigation these are appropriate officers—</p></intro><level class="para1"><num>(a)</num><content><p>a constable;</p></content></level><level class="para1"><num>(b)</num><content><p>an SFO officer;</p></content></level><level class="para1"><num>(c)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this paragraph by the Secretary of State or the Welsh Ministers under section 453;</p></content></level><level class="para1"><num>(d)</num><content><p>an officer of Revenue and Customs.</p></content></level></subsection><subsection><num>(3H)</num><intro><p>In relation to a cryptoasset investigation these are senior appropriate officers—</p></intro><level class="para1"><num>(a)</num><content><p>a police officer who is not below the rank of inspector;</p></content></level><level class="para1"><num>(b)</num><content><p>the Director of the Serious Fraud Office;</p></content></level><level class="para1"><num>(c)</num><content><p>an accredited financial investigator who falls within a description specified in an order made for the purposes of this paragraph by the Secretary of State or the Welsh Ministers under section 453;</p></content></level><level class="para1"><num>(d)</num><content><p>an officer of Revenue and Customs who is not below such grade as is designated by the Commissioners for His Majesty’s Revenue and Customs as equivalent to the police rank of inspector.</p></content></level></subsection></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-18"><num>(18)</num><intro><p>In section 380 (production orders)—</p></intro><level class="para1" eId="schedule-9-paragraph-8-18-a"><num>(a)</num><content><p><mod>in subsection (2), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-18-b"><num>(b)</num><content><p><mod>in subsection (3)(b), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-19"><num>(19)</num><content><p><mod>In section 381 (requirements for making of production order), in subsection (2), after paragraph (bf) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bg)</num><content><p>in the case of a cryptoasset investigation into the derivation of cryptoassets, the cryptoassets the application for the order specifies as being subject to the investigation (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are recoverable property;</p></content></level><level class="para1"><num>(bh)</num><content><p>in the case of a cryptoasset investigation into the intended use of cryptoassets, the cryptoassets the application for the order specifies as being subject to the investigation (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are intended by any person to be used in unlawful conduct.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-20"><num>(20)</num><content><p><mod>In section 385 (Government departments), in subsection (4)(b) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-21"><num>(21)</num><content><p><mod>In section 386 (production orders: supplementary), in subsection (3)(b), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-22"><num>(22)</num><content><p><mod>In section 387 (search warrants), in subsection (3)(b) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-23"><num>(23)</num><content><p><mod>In section 388 (requirements where production order not available), in subsection (2), after paragraph (bf) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(bg)</num><content><p>in the case of a cryptoasset investigation into the derivation of cryptoassets, the cryptoassets specfied in the application for the warrant (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are recoverable property;</p></content></level><level class="para1"><num>(bh)</num><content><p>in the case of a cryptoasset investigation into the intended use of cryptoassets, the cryptoassets specified in the application for the warrant (or, if the cryptoassets have been converted into money in accordance with Chapter 3F of Part 5, the converted cryptoassets) are intended by any person to be used in unlawful conduct.</p></content></level></quotedStructure></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-24"><num>(24)</num><intro><p>Section 390 (further provisions) is amended as follows—</p></intro><level class="para1" eId="schedule-9-paragraph-8-24-a"><num>(a)</num><content><p><mod>in the heading, for “and money laundering” substitute <quotedText>“, money laundering and cryptoasset”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-24-b"><num>(b)</num><content><p><mod>in subsection (1), for “or money laundering investigations” substitute <quotedText>“, money laundering investigations or cryptoasset investigations”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-24-c"><num>(c)</num><content><p><mod>in subsections (5), (6) and (7), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-25"><num>(25)</num><content><p><mod>In section 391 (disclosure orders), in subsection (2) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-26"><num>(26)</num><content><p><mod>In section 397 (customer information orders), in subsection (1A) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-27"><num>(27)</num><content><p><mod>In section 404 (account monitoring orders), in subsection (1A) for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-28"><num>(28)</num><intro><p>Section 408A (evidence overseas) is amended as follows—</p></intro><level class="para1" eId="schedule-9-paragraph-8-28-a"><num>(a)</num><content><p><mod>in subsection (1), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-28-b"><num>(b)</num><content><p><mod>in subsection (5), after paragraph (d) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>in relation to an application or request made for the purposes of a cryptoasset investigation, evidence as to a matter described in section 341(3D)(a) to (d);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-29"><num>(29)</num><content><p><mod>In section 408B (evidence overseas: restrictions on use) in subsection (3), after paragraph (d) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(e)</num><content><p>if the request was made for the purposes of a cryptoasset investigation, proceedings under Chapter 3C, 3D, 3E or 3F of Part 5 of this Act arising out of the investigation;</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-8-30"><num>(30)</num><intro><p>In section 412 (interpretation)—</p></intro><level class="para1" eId="schedule-9-paragraph-8-30-a"><num>(a)</num><content><p><mod>in the definition of “appropriate person”, in paragraph (b), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-8-30-b"><num>(b)</num><content><p><mod>in the definition of “proper person”, in paragraph (b), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-8-31"><num>(31)</num><content><p><mod>In section 416 (other interpretative provisions), in subsection (1), after the entry for “confiscation investigation” insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item><p>cryptoasset investigation: section 341(3D)</p></item></blockList></quotedStructure><inline name="appendText">.</inline></mod></p></content></subparagraph></paragraph><paragraph eId="schedule-9-paragraph-9" class="schProv1"><num>9</num><content><p><mod>In section 438 of the Proceeds of Crime Act 2002 (disclosure of information by certain authorities), in subsection (1)(f), for “or 3B” substitute <quotedText>“, 3B, 3C, 3D, 3E or 3F”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-9-paragraph-10" class="schProv1"><num>10</num><intro><p>In section 441 of the Proceeds of Crime Act 2002 (disclosure of information by Lord Advocate and by Scottish Ministers)—</p></intro><level class="para1" eId="schedule-9-paragraph-10-a"><num>(a)</num><content><p><mod>in subsection (1), for “or 3A” substitute <quotedText>“, 3A, 3C or 3F”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-10-b"><num>(b)</num><content><p><mod>in subsection (2)(g), for “or 3B” substitute <quotedText>“, 3B, 3C, 3D, 3E or 3F”</quotedText>.</mod></p></content></level></paragraph><paragraph eId="schedule-9-paragraph-11" class="schProv1"><num>11</num><content><p><mod>In section 450 of the Proceeds of Crime Act 2002 (pseudonyms: Scotland), in subsection (1)(a), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-9-paragraph-12" class="schProv1"><num>12</num><content><p><mod>In section 453A of the Proceeds of Crime Act 2002 (certain offences in relation to financial investigators), in subsection (5), at the end of paragraph (dc) (before the “or”) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(dd)</num><content><p>section 303Z21 (powers to search for cryptoasset-related items);</p></content></level><level class="para1"><num>(de)</num><content><p>section 303Z26 (powers to seize cryptoasset-related items);</p></content></level><level class="para1"><num>(df)</num><content><p>section 303Z27 (powers to detain cryptoasset-related items);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph><paragraph eId="schedule-9-paragraph-13" class="schProv1"><num>13</num><content><p><mod>In section 453B of the Proceeds of Crime Act 2002 (certain offences in relation to SFO officers), in subsection (5), after paragraph (g) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ga)</num><content><p>section 303Z21 (powers to search for cryptoasset-related items);</p></content></level><level class="para1"><num>(gb)</num><content><p>section 303Z26 (powers to seize cryptoasset-related items);</p></content></level><level class="para1"><num>(gc)</num><content><p>section 303Z27 (powers to detain cryptoasset-related items);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph><paragraph eId="schedule-9-paragraph-14" class="schProv1"><num>14</num><content><p><mod>In section 453C of the Proceeds of Crime Act 2002 (obstruction offence in relation to immigration officers), in subsection (3), after paragraph (g) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ga)</num><content><p>section 303Z21 (powers to search for cryptoasset-related items) as applied by section 24 of the UK Borders Act 2007 (exercise of civil recovery powers by immigration officers);</p></content></level><level class="para1"><num>(gb)</num><content><p>section 303Z26 as so applied (powers to seize cryptoasset-related items);</p></content></level><level class="para1"><num>(gc)</num><content><p>section 303Z27 as so applied (powers to detain cryptoasset-related items);</p></content></level></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph><paragraph eId="schedule-9-paragraph-15" class="schProv1"><num>15</num><subparagraph eId="schedule-9-paragraph-15-1"><num>(1)</num><content><p>Section 459 of the Proceeds of Crime Act 2002 (orders and regulations) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-15-2"><num>(2)</num><content><p><mod>In subsection (4)(aza) (exceptions to negative procedure), for “or 303Z18(10)” substitute <quotedText>“, 303Z18(10), <ref href="#d28e41664">303Z20</ref><ref href="#d28e41724">(2)</ref>, <ref href="#d28e43247">303Z35</ref><ref href="#d28e43358">(4)</ref>, <ref href="#d28e44140">303Z42</ref><ref href="#d28e44242">(7)</ref>, <ref href="#d28e45778">303Z52</ref><ref href="#d28e45928">(10)</ref> or <ref href="#d28e47614">303Z64</ref><ref href="#d28e47792">(10)</ref>”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-15-3"><num>(3)</num><content><p><mod>In subsection (6ZB) (application of affirmative procedure), for “or 303Z18(10)” substitute <quotedText>“, 303Z18(10), <ref href="#d28e41664">303Z20</ref><ref href="#d28e41724">(2)</ref>, <ref href="#d28e43247">303Z35</ref><ref href="#d28e43358">(4)</ref>, <ref href="#d28e44140">303Z42</ref><ref href="#d28e44242">(7)</ref>, <ref href="#d28e45778">303Z52</ref><ref href="#d28e45928">(10)</ref> or <ref href="#d28e47614">303Z64</ref><ref href="#d28e47792">(10)</ref>”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-15-4"><num>(4)</num><content><p><mod>In subsection (6A) (hybrid instruments), for “or 303Z18(10)” substitute <quotedText>“, 303Z18(10), <ref href="#d28e45778">303Z52</ref><ref href="#d28e45928">(10)</ref> or <ref href="#d28e47614">303Z64</ref><ref href="#d28e47792">(10)</ref>”</quotedText>.</mod></p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e49829"><heading>Amendments to the Civil Jurisdiction and Judgments Act 1982</heading><paragraph eId="schedule-9-paragraph-16" class="schProv1"><num>16</num><subparagraph eId="schedule-9-paragraph-16-1"><num>(1)</num><content><p>Section 18 of the Civil Jurisdiction and Judgments Act 1982 (enforcement of UK judgments in other parts of UK) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-16-2"><num>(2)</num><content><p><mod>In subsection (2)(g), for “or a frozen funds investigation” substitute <quotedText>“, a frozen funds investigation or a cryptoasset investigation”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-16-3"><num>(3)</num><intro><p>In subsection (4ZB)—</p></intro><level class="para1" eId="schedule-9-paragraph-16-3-a"><num>(a)</num><content><p><mod>after paragraph (b) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(ba)</num><content><p>a crypto wallet freezing order made under section 303Z37 of that Act;</p></content></level><level class="para1"><num>(bb)</num><content><p>an order for the forfeiture of cryptoassets made under section 303Z41 or 303Z45 of that Act;</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level><level class="para1" eId="schedule-9-paragraph-16-3-b"><num>(b)</num><content><p><mod>after paragraph (d) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><level class="para1"><num>(da)</num><content><p>a crypto wallet freezing order made under paragraph 10Z7BB of that Schedule;</p></content></level><level class="para1"><num>(db)</num><content><p>an order for the forfeiture of cryptoassets made under paragraph 10Z7CA or 10Z7CE of that Schedule.</p></content></level></quotedStructure></mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-16-4"><num>(4)</num><intro><p>In subsection (5)(d)(i)—</p></intro><level class="para1" eId="schedule-9-paragraph-16-4-a"><num>(a)</num><content><p><mod>after “(a)” insert <quotedText>“, (ba)”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-16-4-b"><num>(b)</num><content><p><mod>for “or (c)” substitute <quotedText>“, (c) or (da)”</quotedText>.</mod></p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e49925"><heading>Amendments to the UK Borders Act 2007</heading><paragraph eId="schedule-9-paragraph-17" class="schProv1"><num>17</num><subparagraph eId="schedule-9-paragraph-17-1"><num>(1)</num><content><p>Section 24 of the UK Borders Act 2007 (exercise of civil recovery powers by immigration officers) is amended as follows.</p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-2"><num>(2)</num><content><p><mod>In subsection (1), for “3B” substitute <quotedText>“3F”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-3"><num>(3)</num><content><p><mod>In subsection (2)(a), for “Chapter 3B” substitute <quotedText>“Chapters 3B to 3F”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-4"><num>(4)</num><content><p><mod>In subsection (2)(c), after “303Z2(4))” insert <quotedText>“, Chapter 3C (see section 303Z20(4)), Chapter 3D (see section 303Z36(8)) and Chapter 3E (see section 303Z41(9))”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-5"><num>(5)</num><content><p><mod>In subsection (2)(d), after “303G” insert <quotedText>“(including as section 303G is applied by section 303Z25)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-6"><num>(6)</num><content><p><mod>In subsection (2)(e), after “303I” insert <quotedText>“(including as sections 303H and 303I are applied by section 303Z25)”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-7"><num>(7)</num><intro><p>In subsection (2)(f)—</p></intro><level class="para1" eId="schedule-9-paragraph-17-7-a"><num>(a)</num><content><p><mod>in the opening words, for “or 303L(1)” substitute <quotedText>“, 303L(1), 303Z28(1) or (4), 303Z32(1) or (4) or 303Z57(3) or (5)”</quotedText>;</mod></p></content></level><level class="para1" eId="schedule-9-paragraph-17-7-b"><num>(b)</num><content><p><mod>in sub-paragraph (ii), for “or (as the case may be) 303O” substitute <quotedText>“, 303O, 303Z41 or (as the case may be) 303Z60”</quotedText>.</mod></p></content></level></subparagraph><subparagraph eId="schedule-9-paragraph-17-8"><num>(8)</num><content><p><mod>In subsection (2)(g), for “or 303Z14” substitute <quotedText>“, 303Z14, 303Z41 or 303Z60”</quotedText>.</mod></p></content></subparagraph><subparagraph eId="schedule-9-paragraph-17-9"><num>(9)</num><content><p><mod>In subsection (2)(h), for “or 303Z18” substitute <quotedText>“, 303Z18, 303Z52 or 303Z64”</quotedText>.</mod></p></content></subparagraph></paragraph></hcontainer></part></hcontainer><hcontainer name="schedule" eId="schedule-10"><num>SCHEDULE 10<authorialNote class="referenceNote"><p>Section 181</p></authorialNote></num><heading>Cryptoassets: terrorism</heading><part eId="schedule-10-part-1"><num>PART 1</num><heading>Amendments to the Anti-terrorism, Crime and Security Act 2001</heading><paragraph eId="schedule-10-paragraph-1" class="schProv1"><num>1</num><content><p>Schedule 1 to the Anti-terrorism, Crime and Security Act 2001 (forfeiture of terrorist property) is amended as follows.</p></content></paragraph><paragraph eId="schedule-10-paragraph-2" class="schProv1"><num>2</num><content><p><mod>After Part 4B insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><part eId="d28e50060"><num>PART 4BA</num><heading>Seizure and detention of terrorist cryptoassets</heading><hcontainer name="crossheading" class="schGroup7"><heading>Interpretation</heading><paragraph eId="d28e50068" class="schProv1"><num>10Z7A</num><subparagraph eId="d28e50072"><num>(1)</num><intro><p>In this Schedule—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-crypto-wallet">crypto wallet</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>software,</p></content></level><level class="para1"><num>(b)</num><content><p>hardware,</p></content></level><level class="para1"><num>(c)</num><content><p>a physical item, or</p></content></level><level class="para1"><num>(d)</num><content><p>any combination of the things mentioned in paragraphs <ref href="#d28e50095">(a)</ref> to <ref href="#d28e50103">(c)</ref>,</p></content></level><wrapUp><p>which is used to store the cryptographic private key that allows cryptoassets to be accessed;</p></wrapUp></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-terrorist-cryptoasset">terrorist cryptoasset</term>” means a cryptoasset which—</p></intro><level class="para1"><num>(a)</num><content><p>is within subsection (1)(a) or (b) of section 1, or</p></content></level><level class="para1"><num>(b)</num><content><p>is earmarked as terrorist property.</p></content></level></hcontainer></subparagraph><subparagraph eId="d28e50134"><num>(2)</num><content><p>The Secretary of State may by regulations made by statutory instrument amend the definitions of “cryptoasset” and “crypto wallet” in sub-paragraph <ref href="#d28e50072">(1)</ref>.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>Regulations under sub-paragraph <ref href="#d28e50134">(2)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>may make different provision for different purposes;</p></content></level><level class="para1"><num>(b)</num><content><p>may make consequential, supplementary, incidental, transitional, transitory or saving provision.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>A statutory instrument containing regulations under sub-paragraph <ref href="#d28e50134">(2)</ref> may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</p></content></subparagraph><subparagraph eId="d28e50173"><num>(5)</num><intro><p>In this Part—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset-related-item">cryptoasset-related item</term>” means an item of property that is, or that contains or gives access to information that is, likely to assist in the seizure under this Part of terrorist cryptoassets;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-senior-officer">senior officer</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a senior police officer;</p></content></level><level class="para1"><num>(b)</num><content><p>an officer of Revenue and Customs of a rank designated by the Commissioners for His Majesty’s Revenue and Customs as equivalent to that of a senior police officer;</p></content></level><level class="para1"><num>(c)</num><content><p>an immigration officer of a rank designated by the Secretary of State as equivalent to that of a senior police officer;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-police-officer">senior police officer</term>” means a police officer of at least the rank of superintendent.</p></content></hcontainer></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Seizure of cryptoasset-related items</heading><paragraph eId="d28e50217" class="schProv1"><num>10Z7AA</num><subparagraph eId="d28e50221"><num>(1)</num><content><p>An authorised officer may seize any item of property if the authorised officer has reasonable grounds for suspecting that the item is a cryptoasset-related item.</p></content></subparagraph><subparagraph eId="d28e50227"><num>(2)</num><intro><p>If an authorised officer is lawfully on any premises, the officer may, for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>determining whether any property is a cryptoasset-related item, or</p></content></level><level class="para1"><num>(b)</num><content><p>enabling or facilitating the seizure under this Part of any terrorist cryptoasset,</p></content></level><wrapUp><p>require any information which is stored in any electronic form and accessible from the premises to be produced in a form in which it can be taken away and in which it is visible and legible, or from which it can readily be produced in a visible and legible form.</p></wrapUp></subparagraph><subparagraph><num>(3)</num><content><p>But sub-paragraph <ref href="#d28e50227">(2)</ref> does not authorise an authorised officer to require a person to produce privileged information.</p></content></subparagraph><subparagraph><num>(4)</num><intro><p>In this paragraph “<term refersTo="#term-privileged-information">privileged information</term>” means information which a person would be entitled to refuse to provide—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, on grounds of legal professional privilege in proceedings in the High Court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, on grounds of confidentiality of communications in proceedings in the Court of Session.</p></content></level></subparagraph><subparagraph><num>(5)</num><intro><p>Where an authorised officer has seized a cryptoasset-related item under sub-paragraph <ref href="#d28e50221">(1)</ref>, the officer may use any information obtained from the item for the purpose of—</p></intro><level class="para1"><num>(a)</num><content><p>identifying or gaining access to a crypto wallet, and</p></content></level><level class="para1"><num>(b)</num><content><p>by doing so, enabling or facilitating the seizure under this Part of any cryptoassets.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Initial detention of cryptoasset-related items</heading><paragraph class="schProv1"><num>10Z7AB</num><subparagraph eId="d28e50305"><num>(1)</num><content><p>Property seized under paragraph <ref href="#d28e50217">10Z7AA</ref> may be detained for an initial period of 48 hours.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Sub-paragraph <ref href="#d28e50305">(1)</ref> authorises the detention of property only for so long as an authorised officer continues to have reasonable grounds for suspicion in relation to that property as described in paragraph <ref href="#d28e50217">10Z7AA</ref><ref href="#d28e50221">(1)</ref>.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>In calculating a period of 48 hours for the purposes of this paragraph, no account is to be taken of—</p></intro><level class="para1"><num>(a)</num><content><p>any Saturday or Sunday,</p></content></level><level class="para1"><num>(b)</num><content><p>Christmas Day,</p></content></level><level class="para1"><num>(c)</num><content><p>Good Friday,</p></content></level><level class="para1"><num>(d)</num><content><p>any day that is a bank holiday under the Banking and Financial Dealings Act 1971 in the part of the United Kingdom within which the property is seized, or</p></content></level><level class="para1"><num>(e)</num><content><p>any day prescribed by virtue of section 8(2) of the Criminal Procedure (Scotland) Act 1995 as a court holiday in a sheriff court in the sheriff court district within which the property is seized.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Further detention of cryptoasset-related items</heading><paragraph eId="d28e50367" class="schProv1"><num>10Z7AC</num><subparagraph eId="d28e50371"><num>(1)</num><intro><p>The period for which property seized under paragraph <ref href="#d28e50217">10Z7AA</ref> may be detained may be extended by an order made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, by a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, by the sheriff.</p></content></level></subparagraph><subparagraph><num>(2)</num><intro><p>An order under sub-paragraph <ref href="#d28e50371">(1)</ref> may not authorise the detention of any property—</p></intro><level class="para1"><num>(a)</num><content><p>beyond the end of the period of 6 months beginning with the date of the order, and</p></content></level><level class="para1" eId="d28e50407"><num>(b)</num><content><p>in the case of any further order under this paragraph, beyond the end of the period of 2 years beginning with the date of the first order; but this is subject to sub-paragraph <ref href="#d28e50425">(4)</ref>.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>A justice of the peace may also exercise the power of a magistrates’ court to make the first order under sub-paragraph <ref href="#d28e50371">(1)</ref>.</p></content></subparagraph><subparagraph eId="d28e50425"><num>(4)</num><content><p>The court or sheriff may make an order for the period of 2 years in sub-paragraph <ref href="#d28e50407">(2)(b)</ref> to be extended to a period of up to 3 years beginning with the date of the first order.</p></content></subparagraph><subparagraph><num>(5)</num><intro><p>An application to a magistrates’ court, a justice of the peace or the sheriff to make the first order under sub-paragraph <ref href="#d28e50371">(1)</ref> extending a particular period of detention—</p></intro><level class="para1"><num>(a)</num><content><p>may be made and heard without notice of the application or hearing having been given to any of the persons affected by the application or to the legal representatives of such a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>may be heard and determined in private in the absence of persons so affected and of their legal representatives.</p></content></level></subparagraph><subparagraph eId="d28e50455"><num>(6)</num><intro><p>An application for an order under sub-paragraph <ref href="#d28e50371">(1)</ref> or <ref href="#d28e50425">(4)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, by the Commissioners for His Majesty’s Revenue and Customs or an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, by a procurator fiscal.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>The court, sheriff or justice may make an order under sub-paragraph <ref href="#d28e50371">(1)</ref> if satisfied, in relation to the item of property to be further detained, that—</p></intro><level class="para1"><num>(a)</num><content><p>there are reasonable grounds for suspecting that it is a cryptoasset-related item, and</p></content></level><level class="para1"><num>(b)</num><content><p>its continuing detention is justified.</p></content></level></subparagraph><subparagraph eId="d28e50500"><num>(8)</num><content><p>The court or sheriff may make an order under sub-paragraph <ref href="#d28e50425">(4)</ref> if satisfied that a request for assistance is outstanding in relation to the item of property to be further detained.</p></content></subparagraph><subparagraph><num>(9)</num><intro><p>A “request for assistance” in sub-paragraph <ref href="#d28e50500">(8)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the property to be further detained, made —</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an authorised officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Schedule, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A of the Proceeds of Crime Act 2002 (evidence overseas).</p></content></level></subparagraph><subparagraph><num>(10)</num><content><p>An order under sub-paragraph <ref href="#d28e50371">(1)</ref> must provide for notice to be given to persons affected by the order.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Seizure of cryptoassets</heading><paragraph eId="d28e50554" class="schProv1"><num>10Z7AD</num><subparagraph eId="d28e50558"><num>(1)</num><content><p>An authorised officer may seize cryptoassets if the authorised officer has reasonable grounds for suspecting that the cryptoassets are terrorist cryptoassets.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>The circumstances in which a cryptoasset is “<term refersTo="#term-seized">seized</term>” for the purposes of sub-paragraph <ref href="#d28e50558">(1)</ref> include circumstances in which it is transferred into a crypto wallet controlled by the authorised officer.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Prior authorisation for detention of cryptoassets</heading><paragraph eId="d28e50579" class="schProv1"><num>10Z7AE</num><subparagraph><num>(1)</num><content><p>Where an order is made under paragraph <ref href="#d28e50367">10Z7AC</ref> in respect of a cryptoasset-related item, the court, sheriff or justice making the order may, at the same time, make an order to authorise the detention of any cryptoassets that may be seized as a result of information obtained from that item.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>An application for an order under this paragraph may be made, by a person mentioned in paragraph <ref href="#d28e50367">10Z7AC</ref><ref href="#d28e50455">(6)</ref>, at the same time as an application for an order under paragraph <ref href="#d28e50367">10Z7AC</ref> is made by that person.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>The court, sheriff or justice may make an order under this paragraph if satisfied that there are reasonable grounds for suspecting that the cryptoassets that may be seized are terrorist cryptoassets.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>An order under this paragraph authorises detention of the cryptoassets for the same period of time as the order under paragraph <ref href="#d28e50367">10Z7AC</ref> authorises detention in respect of the cryptoasset-related item to which those cryptoassets relate.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Initial detention of cryptoassets</heading><paragraph eId="d28e50624" class="schProv1"><num>10Z7AF</num><subparagraph eId="d28e50628"><num>(1)</num><content><p>Cryptoassets seized under paragraph <ref href="#d28e50554">10Z7AD</ref> may be detained for an initial period of 48 hours.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Sub-paragraph <ref href="#d28e50628">(1)</ref> authorises the detention of cryptoassets only for so long as an authorised officer continues to have reasonable grounds for suspicion in relation to those cryptoassets as described in paragraph <ref href="#d28e50554">10Z7AD</ref><ref href="#d28e50558">(1)</ref>.</p></content></subparagraph><subparagraph eId="d28e50651"><num>(3)</num><intro><p>In calculating a period of 48 hours for the purposes of this paragraph, no account is to be taken of—</p></intro><level class="para1"><num>(a)</num><content><p>any Saturday or Sunday,</p></content></level><level class="para1"><num>(b)</num><content><p>Christmas Day,</p></content></level><level class="para1"><num>(c)</num><content><p>Good Friday,</p></content></level><level class="para1"><num>(d)</num><content><p>any day that is a bank holiday under the Banking and Financial Dealings Act 1971 in the part of the United Kingdom within which the property is seized, or</p></content></level><level class="para1"><num>(e)</num><content><p>any day prescribed by virtue of section 8(2) of the Criminal Procedure (Scotland) Act 1995 as a court holiday in a sheriff court in the sheriff court district within which the property is seized.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>This paragraph is subject to paragraph <ref href="#d28e50579">10Z7AE</ref>.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Further detention of cryptoassets</heading><paragraph eId="d28e50699" class="schProv1"><num>10Z7AG</num><subparagraph eId="d28e50703"><num>(1)</num><intro><p>The period for which cryptoassets seized under paragraph <ref href="#d28e50554">10Z7AD</ref> may be detained may be extended by an order made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, by a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, by the sheriff.</p></content></level></subparagraph><subparagraph><num>(2)</num><intro><p>An order under sub-paragraph <ref href="#d28e50703">(1)</ref> may not authorise the detention of any cryptoassets—</p></intro><level class="para1"><num>(a)</num><content><p>beyond the end of the period of 6 months beginning with the date of the order, and</p></content></level><level class="para1" eId="d28e50739"><num>(b)</num><content><p>in the case of any further order under this paragraph, beyond the end of the period of 2 years beginning with the date of the first order; but this is subject to sub-paragraph <ref href="#d28e50757">(4)</ref>.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>A justice of the peace may also exercise the power of a magistrates’ court to make the first order under sub-paragraph <ref href="#d28e50703">(1)</ref>.</p></content></subparagraph><subparagraph eId="d28e50757"><num>(4)</num><content><p>The court or sheriff may make an order for the period of 2 years in sub-paragraph <ref href="#d28e50739">(2)(b)</ref> to be extended to a period of up to 3 years beginning with the date of the first order.</p></content></subparagraph><subparagraph><num>(5)</num><intro><p>An application to a magistrates’ court, a justice of the peace or the sheriff to make the first order under sub-paragraph <ref href="#d28e50703">(1)</ref> extending a particular period of detention—</p></intro><level class="para1"><num>(a)</num><content><p>may be made and heard without notice of the application or hearing having been given to any of the persons affected by the application or to the legal representatives of such a person, and</p></content></level><level class="para1"><num>(b)</num><content><p>may be heard and determined in private in the absence of persons so affected and of their legal representatives.</p></content></level></subparagraph><subparagraph><num>(6)</num><intro><p>An application for an order under sub-paragraph <ref href="#d28e50703">(1)</ref> or <ref href="#d28e50757">(4)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, by the Commissioners for His Majesty’s Revenue and Customs or an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, by a procurator fiscal.</p></content></level></subparagraph><subparagraph><num>(7)</num><content><p>The court, sheriff or justice may make an order under sub-paragraph <ref href="#d28e50703">(1)</ref> if satisfied, in relation to the cryptoassets to be further detained, that condition 1, condition 2 or condition 3 is met.</p></content></subparagraph><subparagraph><num>(8)</num><intro><p>Condition 1 is that there are reasonable grounds for suspecting that the cryptoassets are intended to be used for the purposes of terrorism and that either—</p></intro><level class="para1"><num>(a)</num><content><p>their continued detention is justified while their intended use is further investigated or consideration is given to bringing (in the United Kingdom or elsewhere) proceedings against any person for an offence with which the cryptoassets are connected, or</p></content></level><level class="para1"><num>(b)</num><content><p>proceedings against any person for an offence with which the cryptoassets are connected have been started and have not been concluded.</p></content></level></subparagraph><subparagraph><num>(9)</num><intro><p>Condition 2 is that there are reasonable grounds for suspecting that the cryptoassets consist of resources of an organisation which is a proscribed organisation and that either—</p></intro><level class="para1"><num>(a)</num><content><p>their continued detention is justified while investigation is made into whether or not they consist of such resources or consideration is given to bringing (in the United Kingdom or elsewhere) proceedings against any person for an offence with which the cryptoassets are connected, or</p></content></level><level class="para1"><num>(b)</num><content><p>proceedings against any person for an offence with which the cryptoassets are connected have been started and have not been concluded.</p></content></level></subparagraph><subparagraph><num>(10)</num><intro><p>Condition 3 is that there are reasonable grounds for suspecting that the cryptoassets are property earmarked as terrorist property and that either—</p></intro><level class="para1"><num>(a)</num><content><p>their continued detention is justified while their derivation is further investigated or consideration is given to bringing (in the United Kingdom or elsewhere) proceedings against any person for an offence with which the cryptoassets are connected, or</p></content></level><level class="para1"><num>(b)</num><content><p>proceedings against any person for an offence with which the cryptoassets are connected have been started and have not been concluded.</p></content></level></subparagraph><subparagraph eId="d28e50874"><num>(11)</num><content><p>The court or sheriff may make an order under sub-paragraph <ref href="#d28e50757">(4)</ref> if satisfied that a request for assistance is outstanding in relation to the cryptoassets to be further detained.</p></content></subparagraph><subparagraph><num>(12)</num><intro><p>A “request for assistance” in sub-paragraph <ref href="#d28e50874">(11)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the property to be further detained, made —</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an authorised officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Schedule, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A of the Proceeds of Crime Act 2002 (evidence overseas).</p></content></level></subparagraph><subparagraph><num>(13)</num><content><p>An order under sub-paragraph <ref href="#d28e50703">(1)</ref> must provide for notice to be given to persons affected by the order.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Safekeeping of cryptoasset-related items and cryptoassets</heading><paragraph class="schProv1"><num>10Z7AH</num><subparagraph><num>(1)</num><content><p>An authorised officer must arrange for any item of property seized under paragraph <ref href="#d28e50217">10Z7AA</ref> to be safely stored throughout the period during which it is detained under this Part.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>An authorised officer must arrange for any cryptoassets seized under paragraph <ref href="#d28e50554">10Z7AD</ref> to be safely stored throughout the period during which they are detained under this Part.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Release of cryptoasset-related items and cryptoassets</heading><paragraph class="schProv1"><num>10Z7AI</num><subparagraph><num>(1)</num><content><p>This paragraph applies while any cryptoasset or other item of property is detained under this Part.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>A magistrates’ court or (in Scotland) the sheriff may, subject to sub-paragraph <ref href="#d28e51117">(9)</ref>, direct the release of the whole or any part of the property if the following condition is met.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>The condition is that the court or sheriff is satisfied, on an application by the person from whom the property was seized, that the conditions for the detention of the property in this Part are no longer met in relation to the property to be released.</p></content></subparagraph><subparagraph eId="d28e50980"><num>(4)</num><content><p>A person within sub-paragraph <ref href="#d28e50992">(5)</ref> may, subject to sub-paragraph <ref href="#d28e51117">(9)</ref> and after notifying the magistrates’ court, sheriff or justice under whose order property is being detained, release the whole or any part of the property if satisfied that the detention of the property to be released is no longer justified.</p></content></subparagraph><subparagraph eId="d28e50992"><num>(5)</num><intro><p>The following persons are within this sub-paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, a procurator fiscal.</p></content></level></subparagraph><subparagraph eId="d28e51010"><num>(6)</num><intro><p>If any cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, an authorised officer may—</p></intro><level class="para1"><num>(a)</num><content><p>retain the item and deal with it as they see fit,</p></content></level><level class="para1"><num>(b)</num><content><p>dispose of the item, or</p></content></level><level class="para1"><num>(c)</num><content><p>destroy the item.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>The powers in sub-paragraph <ref href="#d28e51010">(6)</ref> may be exercised only—</p></intro><level class="para1"><num>(a)</num><intro><p>where the authorised officer has taken reasonable steps to notify—</p></intro><level class="para2"><num>(i)</num><content><p>the person from whom the item was seized, and</p></content></level><level class="para2"><num>(ii)</num><content><p>any other persons who the authorised officer has reasonable grounds to believe have an interest in the item,</p></content></level><wrapUp><p>that the item has been released, and</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>with the approval of a senior officer.</p></content></level></subparagraph><subparagraph><num>(8)</num><intro><p>Any proceeds of a disposal of the item are to be paid—</p></intro><level class="para1"><num>(a)</num><intro><p>into the Consolidated Fund if—</p></intro><level class="para2"><num>(i)</num><content><p>the item was directed to be released by a magistrates’ court, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a magistrates’ court or justice was notified under sub-paragraph <ref href="#d28e50980">(4)</ref> of the release;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>into the Scottish Consolidated Fund if—</p></intro><level class="para2"><num>(i)</num><content><p>the item was directed to be released by the sheriff, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the sheriff was notified under sub-paragraph <ref href="#d28e50980">(4)</ref> of the release.</p></content></level></level></subparagraph><subparagraph eId="d28e51117"><num>(9)</num><content><p>If (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the property is connected, the property is not to be released under this paragraph (and so is to continue to be detained) until the proceedings are concluded.</p></content></subparagraph></paragraph></hcontainer></part><part eId="d28e51123"><num>PART 4BB</num><heading>Terrorist cryptoassets: crypto wallet freezing orders</heading><hcontainer name="crossheading" class="schGroup7"><heading>Interpretation</heading><paragraph eId="d28e51131" class="schProv1"><num>10Z7B</num><subparagraph eId="d28e51135"><num>(1)</num><intro><p>In this Part—</p></intro><level class="para1"><num>(a)</num><intro><p>“<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para2"><num>(i)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets,</p></content></level><level class="para2"><num>(ii)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another, or</p></content></level><level class="para2"><num>(iii)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets;</p></content></level></level><level class="para1"><num>(b)</num><intro><p>“<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para2"><num>(i)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para2"><num>(ii)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets;</p></content></level></level><level class="para1"><num>(c)</num><content><p>“<term refersTo="#term-cryptoasset-service-provider">cryptoasset service provider</term>” includes cryptoasset exchange provider and custodian wallet provider.</p></content></level></subparagraph><subparagraph eId="d28e51198"><num>(2)</num><intro><p>In the definition of “cryptoasset exchange provider” in sub-paragraph <ref href="#d28e51135">(1)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, a cryptoasset;</p></content></level><level class="para1"><num>(b)</num><intro><p>“<term refersTo="#term-money">money</term>” means—</p></intro><level class="para2"><num>(i)</num><content><p>money in sterling,</p></content></level><level class="para2"><num>(ii)</num><content><p>money in any other currency, or</p></content></level><level class="para2"><num>(iii)</num><content><p>money in any other medium of exchange,</p></content></level><wrapUp><p>but does not include a cryptoasset.</p></wrapUp></level></subparagraph><subparagraph eId="d28e51245"><num>(3)</num><content><p>The Secretary of State may by regulations made by statutory instrument amend the definitions in sub-paragraphs <ref href="#d28e51135">(1)</ref> and <ref href="#d28e51198">(2)</ref>.</p></content></subparagraph><subparagraph><num>(4)</num><intro><p>Regulations under sub-paragraph <ref href="#d28e51245">(3)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>may make different provision for different purposes;</p></content></level><level class="para1"><num>(b)</num><content><p>may make consequential, supplementary, incidental, transitional, transitory or saving provision.</p></content></level></subparagraph><subparagraph><num>(5)</num><content><p>A statutory instrument containing regulations under sub-paragraph <ref href="#d28e51245">(3)</ref> may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</p></content></subparagraph><subparagraph eId="d28e51287"><num>(6)</num><intro><p>For the purposes of this Part—</p></intro><level class="para1"><num>(a)</num><intro><p>a crypto wallet freezing order is an order that, subject to any exclusions (see paragraph <ref href="#d28e51624">10Z7BD</ref>), prohibits each person by or for whom the crypto wallet to which the order applies is administered from—</p></intro><level class="para2"><num>(i)</num><content><p>making withdrawals or payments from the crypto wallet, or</p></content></level><level class="para2"><num>(ii)</num><content><p>using the crypto wallet in any other way;</p></content></level></level><level class="para1" eId="d28e51314"><num>(b)</num><content><p>a crypto wallet is administered by or for a person if the person is the person to whom services are being provided by a cryptoasset service provider in relation to that crypto wallet.</p></content></level></subparagraph><subparagraph eId="d28e51320"><num>(7)</num><intro><p>In this Part—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-enforcement-officer">enforcement officer</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a constable, or</p></content></level><level class="para1"><num>(b)</num><content><p>a counter-terrorism financial investigator;</p></content></level></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-relevant-court">relevant court</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, a magistrates’ court, and</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, the sheriff;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-officer">senior officer</term>” means a police officer of at least the rank of superintendent;</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-uk-connected-cryptoasset-service-provider">UK-connected cryptoasset service provider</term>” means a cryptoasset service provider which—</p></intro><level class="para1"><num>(a)</num><content><p>is acting in the course of business carried on by it in the United Kingdom,</p></content></level><level class="para1"><num>(b)</num><content><p>has terms and conditions with the persons to whom it provides services which provide for a legal dispute to be litigated in the courts of a part of the United Kingdom,</p></content></level><level class="para1"><num>(c)</num><content><p>holds, in the United Kingdom, any data relating to the persons to whom it provides services, or</p></content></level><level class="para1"><num>(d)</num><content><p>meets the condition in sub-paragraph <ref href="#d28e51393">(8)</ref>.</p></content></level></hcontainer></subparagraph><subparagraph eId="d28e51393"><num>(8)</num><intro><p>The condition in this sub-paragraph is that—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider has its registered office, or if it does not have one, its head office in the United Kingdom, and</p></content></level><level class="para1"><num>(b)</num><content><p>the day-to-day management of the provider’s business is the responsibility of that office or another establishment maintained by it in the United Kingdom.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Application for crypto wallet freezing order</heading><paragraph eId="d28e51414" class="schProv1"><num>10Z7BA</num><subparagraph><num>(1)</num><content><p>This paragraph applies if an enforcement officer has reasonable grounds for suspecting that cryptoassets held in a crypto wallet administered by a UK-connected cryptoasset service provider are terrorist cryptoassets.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Where this paragraph applies the enforcement officer may apply to the relevant court for a crypto wallet freezing order in relation to the crypto wallet in which the cryptoassets are held.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>an enforcement officer may not apply for a crypto wallet freezing order unless the officer is a senior officer or is authorised to do so by a senior officer, and</p></content></level><level class="para1"><num>(b)</num><content><p>the senior officer must consult the Treasury before making the application for the order or (as the case may be) authorising the application to be made, unless in the circumstances it is not reasonably practicable to do so.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>An application for a crypto wallet freezing order may be made without notice if the circumstances of the case are such that notice of the application would prejudice the taking of any steps under this Schedule to forfeit cryptoassets that are terrorist cryptoassets.</p></content></subparagraph><subparagraph><num>(5)</num><intro><p>An application for a crypto wallet freezing order under this paragraph may be combined with an application for an account freezing order under paragraph 10Q where a single entity—</p></intro><level class="para1"><num>(a)</num><content><p>is both a relevant financial institution for the purposes of paragraph 10Q and a cryptoasset service provider for the purposes of this Part, and</p></content></level><level class="para1"><num>(b)</num><content><p>operates or administers, for the same person, both an account holding money and a crypto wallet.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Making of crypto wallet freezing order</heading><paragraph eId="d28e51475" class="schProv1"><num>10Z7BB</num><subparagraph><num>(1)</num><content><p>This paragraph applies where an application for a crypto wallet freezing order is made under paragraph <ref href="#d28e51414">10Z7BA</ref> in relation to a crypto wallet.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>The relevant court may make the order if satisfied that there are reasonable grounds for suspecting that some or all of the cryptoassets held in the crypto wallet are terrorist cryptoassets.</p></content></subparagraph><subparagraph eId="d28e51494"><num>(3)</num><content><p>A crypto wallet freezing order ceases to have effect at the end of the period specified in the order (which may be varied under paragraph <ref href="#d28e51578">10Z7BC</ref>) unless it ceases to have effect at an earlier or later time in accordance with this Part or Part 4BC or 4BD.</p></content></subparagraph><subparagraph eId="d28e51503"><num>(4)</num><content><p>The period specified by the relevant court for the purposes of sub-paragraph <ref href="#d28e51494">(3)</ref> (whether when the order is first made or on a variation under paragraph <ref href="#d28e51578">10Z7BC</ref>) may not exceed the period of 2 years, beginning with the day on which the crypto wallet freezing order is (or was) made; but this is subject to sub-paragraph <ref href="#d28e51518">(5)</ref>.</p></content></subparagraph><subparagraph eId="d28e51518"><num>(5)</num><content><p>The relevant court may make an order for the period of 2 years in sub-paragraph <ref href="#d28e51503">(4)</ref> to be extended to a period of up to 3 years beginning with the day on which the crypto wallet freezing order is (or was) made.</p></content></subparagraph><subparagraph eId="d28e51527"><num>(6)</num><content><p>The relevant court may make an order under sub-paragraph <ref href="#d28e51518">(5)</ref> if satisfied that a request for assistance is outstanding in relation to some or all of the cryptoassets held in the crypto wallet.</p></content></subparagraph><subparagraph><num>(7)</num><intro><p>A “request for assistance” in sub-paragraph <ref href="#d28e51527">(6)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with some or all of the cryptoassets held in the crypto wallet, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an enforcement officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Schedule, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A of the Proceeds of Crime Act 2002 (evidence overseas).</p></content></level></subparagraph><subparagraph><num>(8)</num><content><p>A crypto wallet freezing order must provide for notice to be given to persons affected by the order.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Variation and setting aside of crypto wallet freezing order</heading><paragraph eId="d28e51578" class="schProv1"><num>10Z7BC</num><subparagraph eId="d28e51582"><num>(1)</num><intro><p>The relevant court may at any time vary or set aside a crypto wallet freezing order on an application made by—</p></intro><level class="para1"><num>(a)</num><content><p>an enforcement officer, or</p></content></level><level class="para1"><num>(b)</num><content><p>any person affected by the order.</p></content></level></subparagraph><subparagraph><num>(2)</num><content><p>But an enforcement officer may not make an application under sub-paragraph <ref href="#d28e51582">(1)</ref> unless the officer is a senior officer or is authorised to do so by a senior officer.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>Before varying or setting aside a crypto wallet freezing order the court must (as well as giving the parties to the proceedings an opportunity to be heard) give such an opportunity to any person who may be affected by its decision.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>In relation to Scotland, the references in this paragraph to setting aside an order are to be read as references to recalling it.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Exclusions</heading><paragraph eId="d28e51624" class="schProv1"><num>10Z7BD</num><subparagraph><num>(1)</num><content><p>The power to vary a crypto wallet freezing order includes (amongst other things) power to make exclusions from the prohibition on making withdrawals or payments from the crypto wallet to which the order applies.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Exclusions from the prohibition may also be made when the order is made.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>An exclusion may (amongst other things) make provision for the purpose of enabling a person by or for whom the crypto wallet is administered—</p></intro><level class="para1"><num>(a)</num><content><p>to meet the person’s reasonable living expenses, or</p></content></level><level class="para1"><num>(b)</num><content><p>to carry on any trade, business, profession or occupation.</p></content></level></subparagraph><subparagraph eId="d28e51658"><num>(4)</num><content><p>An exclusion may be made subject to conditions.</p></content></subparagraph><subparagraph><num>(5)</num><intro><p>Where a magistrates’ court exercises the power to make an exclusion for the purpose of enabling a person to meet legal expenses that the person has incurred, or may incur, in respect of proceedings under this Schedule, it must ensure that the exclusion—</p></intro><level class="para1"><num>(a)</num><content><p>is limited to reasonable legal expenses that the person has reasonably incurred or that the person reasonably incurs,</p></content></level><level class="para1"><num>(b)</num><content><p>specifies the total amount that may be released for legal expenses in pursuance of the exclusion, and</p></content></level><level class="para1"><num>(c)</num><content><p>is made subject to the same conditions as would be the required conditions (see section 286A of the Proceeds of Crime Act 2002) if the order had been made under section 245A of that Act (in addition to any conditions imposed under sub-paragraph <ref href="#d28e51658">(4)</ref>).</p></content></level></subparagraph><subparagraph eId="d28e51691"><num>(6)</num><intro><p>A magistrates’ court, in deciding whether to make an exclusion for the purpose of enabling a person to meet legal expenses in respect of proceedings under this Schedule—</p></intro><level class="para1"><num>(a)</num><content><p>must have regard to the desirability of the person being represented in any proceedings under this Schedule in which the person is a participant, and</p></content></level><level class="para1"><num>(b)</num><intro><p>must disregard the possibility that legal representation of the person in any such proceedings might, were an exclusion not made—</p></intro><level class="para2"><num>(i)</num><content><p>be made available under arrangements made for the purposes of Part 1 of the Legal Aid, Sentencing and Punishment of Offenders Act 2012, or</p></content></level><level class="para2"><num>(ii)</num><content><p>be funded by the Department of Justice in Northern Ireland.</p></content></level></level></subparagraph><subparagraph><num>(7)</num><content><p>The sheriff’s power to make exclusions may not be exercised for the purpose of enabling any person to meet any legal expenses in respect of proceedings under this Schedule.</p></content></subparagraph><subparagraph><num>(8)</num><content><p>The power to make exclusions must, subject to sub-paragraph <ref href="#d28e51691">(6)</ref>, be exercised with a view to ensuring, so far as practicable, that there is not undue prejudice to the taking of any steps under this Schedule to forfeit cryptoassets that are terrorist cryptoassets.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Restriction on proceedings and remedies</heading><paragraph class="schProv1"><num>10Z7BE</num><subparagraph eId="d28e51743"><num>(1)</num><content><p>If a court in which proceedings are pending in respect of a crypto wallet administered by a UK-connected cryptoasset service provider is satisfied that a crypto wallet freezing order has been applied for or made in respect of the crypto wallet, it may either stay the proceedings or allow them to continue on any terms it thinks fit.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>Before exercising the power conferred by sub-paragraph <ref href="#d28e51743">(1)</ref>, the court must (as well as giving the parties to any of the proceedings concerned an opportunity to be heard) give such an opportunity to any person who may be affected by the court’s decision.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>In relation to Scotland, the reference in sub-paragraph <ref href="#d28e51743">(1)</ref> to staying the proceedings is to be read as a reference to sisting the proceedings.</p></content></subparagraph></paragraph></hcontainer></part><part><num>PART 4BC</num><heading>Forfeiture of terrorist cryptoassets</heading><hcontainer name="crossheading" class="schGroup7"><heading>Interpretation</heading><paragraph class="schProv1"><num>10Z7C</num><subparagraph><num>(1)</num><intro><p>In this Part—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset-service-provider">cryptoasset service provider</term>” has the same meaning as in Part 4BB (see paragraph <ref href="#d28e51131">10Z7B</ref><ref href="#d28e51135">(1)</ref>);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet-freezing-order">crypto wallet freezing order</term>” has the same meaning as in Part 4BB (see paragraph <ref href="#d28e51131">10Z7B</ref><ref href="#d28e51287">(6)</ref>);</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-senior-officer">senior officer</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>a senior police officer;</p></content></level><level class="para1"><num>(b)</num><content><p>an officer of Revenue and Customs of a rank designated by the Commissioners for His Majesty’s Revenue and Customs as equivalent to that of a senior police officer;</p></content></level><level class="para1"><num>(c)</num><content><p>an immigration officer of a rank designated by the Secretary of State as equivalent to that of a senior police officer;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-senior-police-officer">senior police officer</term>” means a police officer of at least the rank of superintendent.</p></content></hcontainer></subparagraph><subparagraph><num>(2)</num><content><p>Paragraph <ref href="#d28e51131">10Z7B</ref><ref href="#d28e51314">(6)(b)</ref> (administration of crypto wallets) applies in relation to this Part as it applies in relation to Part <ref href="#d28e51123">4BB</ref>.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Forfeiture</heading><paragraph eId="d28e51854" class="schProv1"><num>10Z7CA</num><subparagraph eId="d28e51858"><num>(1)</num><intro><p>This paragraph applies—</p></intro><level class="para1"><num>(a)</num><content><p>while any cryptoassets are detained under Part 4BA, or</p></content></level><level class="para1"><num>(b)</num><content><p>while a crypto wallet freezing order made under paragraph <ref href="#d28e51475">10Z7BB</ref> has effect.</p></content></level></subparagraph><subparagraph eId="d28e51879"><num>(2)</num><intro><p>An application for the forfeiture of some or all of the cryptoassets that are detained or held in the crypto wallet that is subject to the crypto wallet freezing order may be made—</p></intro><level class="para1"><num>(a)</num><content><p>to a magistrates’ court by the Commissioners for His Majesty’s Revenue and Customs or an authorised officer, or</p></content></level><level class="para1"><num>(b)</num><content><p>to the sheriff by the Scottish Ministers.</p></content></level></subparagraph><subparagraph eId="d28e51897"><num>(3)</num><content><p>The court or sheriff may order the forfeiture of some or all of the cryptoassets if satisfied that the cryptoassets are terrorist cryptoassets.</p></content></subparagraph><subparagraph eId="d28e51903"><num>(4)</num><intro><p>An order under sub-paragraph <ref href="#d28e51897">(3)</ref> made by a magistrates’ court may provide for payment under paragraph <ref href="#d28e53390">10Z7CJ</ref> of reasonable legal expenses that a person has reasonably incurred, or may reasonably incur, in respect of—</p></intro><level class="para1"><num>(a)</num><content><p>the proceedings in which the order is made, or</p></content></level><level class="para1"><num>(b)</num><content><p>any related proceedings under this Part.</p></content></level></subparagraph><subparagraph eId="d28e51927"><num>(5)</num><intro><p>A sum in respect of a relevant item of expenditure is not payable under paragraph <ref href="#d28e53390">10Z7CJ</ref> in pursuance of provision under sub-paragraph <ref href="#d28e51903">(4)</ref> unless—</p></intro><level class="para1"><num>(a)</num><content><p>the person who applied for the order under sub-paragraph <ref href="#d28e51897">(3)</ref> agrees to its payment, or</p></content></level><level class="para1"><num>(b)</num><content><p>the court has assessed the amount allowed in respect of that item and the sum is paid in respect of the assessed amount.</p></content></level></subparagraph><subparagraph eId="d28e51954"><num>(6)</num><intro><p>For the purposes of sub-paragraph <ref href="#d28e51927">(5)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>a “relevant item of expenditure” is an item of expenditure to which regulations under section 286B of the Proceeds of Crime Act 2002 would apply if the order under sub-paragraph <ref href="#d28e51897">(3)</ref> had instead been a recovery order made under section 266 of that Act;</p></content></level><level class="para1"><num>(b)</num><content><p>an amount is “allowed” in respect of a relevant item of expenditure if it would have been allowed by those regulations;</p></content></level><level class="para1"><num>(c)</num><content><p>if the person who applied for the order under sub-paragraph <ref href="#d28e51897">(3)</ref> was an authorised officer, that person may not agree to the payment of a sum unless the person is a senior officer or is authorised to do so by a senior officer.</p></content></level></subparagraph><subparagraph><num>(7)</num><content><p>Sub-paragraph <ref href="#d28e51897">(3)</ref> ceases to apply on the transfer of an application made under this paragraph in accordance with paragraph <ref href="#d28e52610">10Z7CE</ref>.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Forfeiture: supplementary</heading><paragraph class="schProv1"><num>10Z7CB</num><subparagraph><num>(1)</num><content><p>Sub-paragraph <ref href="#d28e52018">(2)</ref> applies where an application is made under paragraph <ref href="#d28e51854">10Z7CA</ref> for the forfeiture of any cryptoassets detained under Part 4BA.</p></content></subparagraph><subparagraph eId="d28e52018"><num>(2)</num><content><p>The cryptoassets are to continue to be detained under Part 4BA (and may not be released under any power conferred by this Schedule) until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.</p><p>This is subject to Part <ref href="#d28e53971">4BD</ref> (conversion to money).</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>Where an application is made under paragraph <ref href="#d28e51854">10Z7CA</ref> in relation to cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order—</p></intro><level class="para1"><num>(a)</num><content><p>sub-paragraphs <ref href="#d28e52065">(4)</ref> and <ref href="#d28e52093">(5)</ref> apply, and</p></content></level><level class="para1"><num>(b)</num><content><p>the crypto wallet freezing order is to continue to have effect until the time referred to in sub-paragraph <ref href="#d28e52065">(4)</ref><ref href="#d28e52087">(b)</ref> or <ref href="#d28e52093">(5)</ref>.</p></content></level></subparagraph><subparagraph eId="d28e52065"><num>(4)</num><intro><p>Where the cryptoassets are ordered to be forfeited under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref> or <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52650">(3)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoasset service provider that administers the crypto wallet must transfer the cryptoassets into a crypto wallet nominated by an authorised officer, and</p></content></level><level class="para1" eId="d28e52087"><num>(b)</num><content><p>immediately after the transfer has been made, the freezing order ceases to have effect.</p></content></level></subparagraph><subparagraph eId="d28e52093"><num>(5)</num><content><p>Where the application is determined or otherwise disposed of other than by the making of an order under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref> or <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52650">(3)</ref>, the crypto wallet freezing order ceases to have effect immediately after that determination or other disposal.</p></content></subparagraph><subparagraph><num>(6)</num><content><p>Sub-paragraphs <ref href="#d28e52065">(4)</ref><ref href="#d28e52087">(b)</ref> and <ref href="#d28e52093">(5)</ref> are subject to paragraph <ref href="#d28e52883">10Z7CF</ref> and Part <ref href="#d28e53971">4BD</ref>.</p></content></subparagraph><subparagraph eId="d28e52129"><num>(7)</num><content><p>The Secretary of State may by regulations made by statutory instrument amend this paragraph to make provision about the forfeiture of cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order.</p></content></subparagraph><subparagraph><num>(8)</num><intro><p>Regulations under sub-paragraph <ref href="#d28e52129">(7)</ref> may in particular make provision about—</p></intro><level class="para1"><num>(a)</num><content><p>the process for the forfeiture of cryptoassets;</p></content></level><level class="para1"><num>(b)</num><content><p>the realisation of forfeited cryptoassets;</p></content></level><level class="para1"><num>(c)</num><content><p>the application of the proceeds of such realisation.</p></content></level></subparagraph><subparagraph><num>(9)</num><intro><p>Regulations under sub-paragraph <ref href="#d28e52129">(7)</ref> may—</p></intro><level class="para1"><num>(a)</num><content><p>make different provision for different purposes;</p></content></level><level class="para1"><num>(b)</num><content><p>make consequential, supplementary, incidental, transitional, transitory or saving provision, including provision which makes consequential amendments to this Part.</p></content></level></subparagraph><subparagraph><num>(10)</num><content><p>A statutory instrument containing regulations under sub-paragraph <ref href="#d28e52129">(7)</ref> may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Associated and joint property</heading><paragraph eId="d28e52195" class="schProv1"><num>10Z7CC</num><subparagraph eId="d28e52199"><num>(1)</num><intro><p>Paragraphs <ref href="#d28e52355">10Z7CD</ref> and <ref href="#d28e52610">10Z7CE</ref> apply if—</p></intro><level class="para1"><num>(a)</num><content><p>an application is made under paragraph <ref href="#d28e51854">10Z7CA</ref> in respect of cryptoassets,</p></content></level><level class="para1" eId="d28e52220"><num>(b)</num><content><p>the court or sheriff is satisfied that some or all of the cryptoassets are terrorist cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><content><p>there exists property that is associated with the cryptoassets in relation to which the court or sheriff is satisfied as mentioned in paragraph <ref href="#d28e52220">(b)</ref>.</p></content></level></subparagraph><subparagraph eId="d28e52235"><num>(2)</num><intro><p>Paragraphs <ref href="#d28e52355">10Z7CD</ref> and <ref href="#d28e52610">10Z7CE</ref> also apply in England and Wales and Northern Ireland if—</p></intro><level class="para1"><num>(a)</num><content><p>an application is made under paragraph <ref href="#d28e51854">10Z7CA</ref> in respect of cryptoassets,</p></content></level><level class="para1" eId="d28e52256"><num>(b)</num><content><p>the court is satisfied that some or all of the cryptoassets are earmarked as terrorist property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the cryptoassets in relation to which the court is satisfied as mentioned in paragraph <ref href="#d28e52256">(b)</ref> belong to joint tenants and one of the tenants is an excepted joint owner.</p></content></level></subparagraph><subparagraph><num>(3)</num><intro><p>In this paragraph and paragraphs <ref href="#d28e52355">10Z7CD</ref> and <ref href="#d28e52610">10Z7CE</ref>, “<term refersTo="#term-associated-property">associated property</term>” means property of any of the following descriptions that is not itself the forfeitable property—</p></intro><level class="para1"><num>(a)</num><content><p>any interest in the forfeitable property;</p></content></level><level class="para1"><num>(b)</num><content><p>any other interest in the property in which the forfeitable property subsists;</p></content></level><level class="para1"><num>(c)</num><content><p>if the forfeitable property is part of a larger property, but not a separate part, the remainder of that property.</p></content></level><wrapUp><p>References to property being associated with forfeitable property are to be read accordingly.</p></wrapUp></subparagraph><subparagraph><num>(4)</num><content><p>In this paragraph and paragraphs <ref href="#d28e52355">10Z7CD</ref> and <ref href="#d28e52610">10Z7CE</ref>, the “<term refersTo="#term-forfeitable-property">forfeitable property</term>” means the cryptoassets in relation to which the court or sheriff is satisfied as mentioned in sub-paragraph <ref href="#d28e52220">(1)(b)</ref> or <ref href="#d28e52256">(2)(b)</ref> (as the case may be).</p></content></subparagraph><subparagraph><num>(5)</num><intro><p>For the purposes of this paragraph and paragraphs <ref href="#d28e52355">10Z7CD</ref> and <ref href="#d28e52610">10Z7CE</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>an excepted joint owner is a joint tenant who obtained the property in circumstances in which it would not (as against them) be earmarked, and</p></content></level><level class="para1"><num>(b)</num><content><p>references to the excepted joint owner’s share of property are to so much of the property as would have been theirs if the joint tenancy had been severed.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Agreements about associated and joint property</heading><paragraph eId="d28e52355" class="schProv1"><num>10Z7CD</num><subparagraph eId="d28e52359"><num>(1)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>this paragraph applies, and</p></content></level><level class="para1" eId="d28e52371"><num>(b)</num><content><p>the person who applied for the order under paragraph <ref href="#d28e51854">10Z7CA</ref> (on the one hand) and the person who holds the associated property or who is the excepted joint owner (on the other hand) agree,</p></content></level><wrapUp><p>the magistrates’ court or sheriff may, instead of making an order under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref>, make an order requiring the person who holds the associated property or who is the excepted joint owner to make a payment to a person identified in the order.</p></wrapUp></subparagraph><subparagraph><num>(2)</num><intro><p>The amount of the payment is (subject to sub-paragraph <ref href="#d28e52421">(3)</ref>) to be the amount which the persons referred to in sub-paragraph <ref href="#d28e52371">(1)(b)</ref> agree represents—</p></intro><level class="para1"><num>(a)</num><content><p>in a case where this paragraph applies by virtue of paragraph <ref href="#d28e52195">10Z7CC</ref><ref href="#d28e52199">(1)</ref>, the value of the forfeitable property;</p></content></level><level class="para1"><num>(b)</num><content><p>in a case where this paragraph applies by virtue of paragraph <ref href="#d28e52195">10Z7CC</ref><ref href="#d28e52235">(2)</ref>, the value of the forfeitable property less the value of the excepted joint owner’s share.</p></content></level></subparagraph><subparagraph eId="d28e52421"><num>(3)</num><intro><p>The amount of the payment may be reduced if the person who applied for the order under paragraph <ref href="#d28e51854">10Z7CA</ref> agrees that the other party to the agreement has suffered loss as a result of—</p></intro><level class="para1"><num>(a)</num><content><p>the seizure of the forfeitable property under paragraph <ref href="#d28e50554">10Z7AD</ref> and its subsequent detention, or</p></content></level><level class="para1"><num>(b)</num><content><p>the making of a crypto wallet freezing order under paragraph <ref href="#d28e51475">10Z7BB</ref>.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>The reduction that is permissible by virtue of sub-paragraph <ref href="#d28e52421">(3)</ref> is such amount as the parties to the agreement agree is reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>An order under sub-paragraph <ref href="#d28e52359">(1)</ref> may, so far as required for giving effect to the agreement, include provision for vesting, creating or extinguishing any interest in property.</p></content></subparagraph><subparagraph eId="d28e52466"><num>(6)</num><intro><p>An order under sub-paragraph <ref href="#d28e52359">(1)</ref> made by a magistrates’ court may provide for payment under sub-paragraph <ref href="#d28e52562">(11)</ref> of reasonable legal expenses that a person has reasonably incurred, or may reasonably incur, in respect of—</p></intro><level class="para1"><num>(a)</num><content><p>the proceedings in which the order is made, or</p></content></level><level class="para1"><num>(b)</num><content><p>any related proceedings under this Part.</p></content></level></subparagraph><subparagraph eId="d28e52490"><num>(7)</num><intro><p>A sum in respect of a relevant item of expenditure is not payable under sub-paragraph <ref href="#d28e52562">(11)</ref> in pursuance of provision under sub-paragraph <ref href="#d28e52466">(6)</ref> unless—</p></intro><level class="para1"><num>(a)</num><content><p>the person who applied for the order under paragraph <ref href="#d28e51854">10Z7CA</ref> agrees to its payment, or</p></content></level><level class="para1"><num>(b)</num><content><p>the court has assessed the amount allowed in respect of that item and the sum is paid in respect of the assessed amount.</p></content></level></subparagraph><subparagraph><num>(8)</num><intro><p>For the purposes of sub-paragraph <ref href="#d28e52490">(7)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>a “relevant item of expenditure” is an item of expenditure to which regulations under section 286B of the Proceeds of Crime Act 2002 would apply if the order under sub-paragraph <ref href="#d28e52359">(1)</ref> had instead been a recovery order made under section 266 of that Act;</p></content></level><level class="para1"><num>(b)</num><content><p>an amount is “allowed” in respect of a relevant item of expenditure if it would have been allowed by those regulations.</p></content></level></subparagraph><subparagraph><num>(9)</num><content><p>If there is more than one item of associated property or more than one excepted joint owner, the total amount to be paid under sub-paragraph <ref href="#d28e52359">(1)</ref>, and the part of that amount which is to be provided by each person who holds any such associated property or who is an excepted joint owner, is to be agreed between both (or all) of them and the person who applied for the order under paragraph <ref href="#d28e51854">10Z7CA</ref>.</p></content></subparagraph><subparagraph><num>(10)</num><content><p>If the person who applied for the order under paragraph <ref href="#d28e51854">10Z7CA</ref> was an authorised officer, that person may enter into an agreement for the purposes of any provision of this paragraph only if the person is a senior officer or is authorised to do so by a senior officer.</p></content></subparagraph><subparagraph eId="d28e52562"><num>(11)</num><intro><p>An amount received under an order under sub-paragraph <ref href="#d28e52359">(1)</ref> must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, it must be applied in making any payment of legal expenses which, after giving effect to sub-paragraph <ref href="#d28e52490">(7)</ref>, are payable under this sub-paragraph in pursuance of provision under sub-paragraph <ref href="#d28e52466">(6)</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>second, it must be applied in payment or reimbursement of any reasonable costs incurred in storing or insuring the forfeitable property and any associated property whilst detained under this Schedule;</p></content></level><level class="para1"><num>(c)</num><intro><p>third, it must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if the order was made by a magistrates’ court, into the Consolidated Fund;</p></content></level><level class="para2"><num>(ii)</num><content><p>if the order was made by the sheriff, into the Scottish Consolidated Fund.</p></content></level></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Associated and joint property: default of agreement</heading><paragraph eId="d28e52610" class="schProv1"><num>10Z7CE</num><subparagraph eId="d28e52614"><num>(1)</num><content><p>Where this paragraph applies and there is no agreement under paragraph <ref href="#d28e52355">10Z7CD</ref>, the magistrates’ court or sheriff may transfer the application made under paragraph <ref href="#d28e51854">10Z7CA</ref> to the appropriate court.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>The “appropriate court” is—</p></intro><level class="para1"><num>(a)</num><content><p>the High Court, where the application under paragraph <ref href="#d28e51854">10Z7CA</ref> was made to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>the Court of Session, where the application under paragraph <ref href="#d28e51854">10Z7CA</ref> was made to the sheriff.</p></content></level></subparagraph><subparagraph eId="d28e52650"><num>(3)</num><intro><p>Where (under sub-paragraph <ref href="#d28e52614">(1)</ref>) an application made under paragraph <ref href="#d28e51854">10Z7CA</ref> is transferred to the appropriate court, the appropriate court may order the forfeiture of the property to which the application relates, or any part of that property, if satisfied that what is to be forfeited—</p></intro><level class="para1"><num>(a)</num><content><p>is within subsection (1)(a) or (b) of section 1, or</p></content></level><level class="para1"><num>(b)</num><content><p>is property earmarked as terrorist property.</p></content></level></subparagraph><subparagraph eId="d28e52674"><num>(4)</num><content><p>An order under sub-paragraph <ref href="#d28e52650">(3)</ref> made by the High Court may include provision of the type that may be included in an order under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref> made by a magistrates’ court by virtue of paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51903">(4)</ref>.</p></content></subparagraph><subparagraph eId="d28e52693"><num>(5)</num><content><p>If provision is included in an order of the High Court by virtue of sub-paragraph <ref href="#d28e52674">(4)</ref> of this paragraph, paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51927">(5)</ref> and <ref href="#d28e51954">(6)</ref> apply with the necessary modifications.</p></content></subparagraph><subparagraph eId="d28e52710"><num>(6)</num><intro><p>The appropriate court may, as well as making an order under sub-paragraph <ref href="#d28e52650">(3)</ref>, make an order—</p></intro><level class="para1"><num>(a)</num><content><p>providing for the forfeiture of the associated property or (as the case may be) for the excepted joint owner‘s interest to be extinguished, or</p></content></level><level class="para1"><num>(b)</num><content><p>providing for the excepted joint owner‘s interest to be severed.</p></content></level></subparagraph><subparagraph eId="d28e52731"><num>(7)</num><intro><p>Where (under sub-paragraph <ref href="#d28e52614">(1)</ref>) the magistrates’ court or sheriff decides not to transfer an application made under paragraph <ref href="#d28e51854">10Z7CA</ref> to the appropriate court, the magistrates’ court or sheriff may, as well as making an order under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref>, make an order—</p></intro><level class="para1"><num>(a)</num><content><p>providing for the forfeiture of the associated property or (as the case may be) for the excepted joint owner‘s interest to be extinguished, or</p></content></level><level class="para1"><num>(b)</num><content><p>providing for the excepted joint owner‘s interest to be severed.</p></content></level></subparagraph><subparagraph><num>(8)</num><content><p>An order under sub-paragraph <ref href="#d28e52710">(6)</ref> or <ref href="#d28e52731">(7)</ref> may be made only if the appropriate court, the magistrates’ court or the sheriff (as the case may be) thinks it just and equitable to do so.</p></content></subparagraph><subparagraph eId="d28e52772"><num>(9)</num><content><p>An order under sub-paragraph <ref href="#d28e52710">(6)</ref> or <ref href="#d28e52731">(7)</ref> must provide for the payment of an amount to the person who holds the associated property or who is an excepted joint owner.</p></content></subparagraph><subparagraph><num>(10)</num><intro><p>In making an order under sub-paragraph <ref href="#d28e52710">(6)</ref> or <ref href="#d28e52731">(7)</ref>, and including provision in it by virtue of sub-paragraph <ref href="#d28e52772">(9)</ref>, the appropriate court, the magistrates’ court or the sheriff (as the case may be) must have regard to—</p></intro><level class="para1"><num>(a)</num><content><p>the rights of any person who holds the associated property or who is an excepted joint owner and the value to that person of that property or (as the case may be) of that person’s share (including any value that cannot be assessed in terms of money), and</p></content></level><level class="para1"><num>(b)</num><content><p>the interest of the person who applied for the order under paragraph <ref href="#d28e51854">10Z7CA</ref> in realising the value of the forfeitable property.</p></content></level></subparagraph><subparagraph eId="d28e52814"><num>(11)</num><intro><p>If the appropriate court, the magistrates’ court or the sheriff (as the case may be) is satisfied that—</p></intro><level class="para1"><num>(a)</num><intro><p>the person who holds the associated property or who is an excepted joint owner has suffered loss as a result of—</p></intro><level class="para2"><num>(i)</num><content><p>the seizure of the forfeitable property under paragraph <ref href="#d28e50554">10Z7AD</ref> and its subsequent detention, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the making of the crypto wallet freezing order under paragraph <ref href="#d28e51475">10Z7BB</ref>, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>the circumstances are exceptional,</p></content></level><wrapUp><p>an order under sub-paragraph <ref href="#d28e52710">(6)</ref> or <ref href="#d28e52731">(7)</ref> may require the payment of compensation to that person.</p></wrapUp></subparagraph><subparagraph><num>(12)</num><content><p>The amount of compensation to be paid by virtue of sub-paragraph <ref href="#d28e52814">(11)</ref> is the amount the appropriate court, the magistrates’ court or the sheriff (as the case may be) thinks reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subparagraph><subparagraph><num>(13)</num><content><p>Compensation to be paid by virtue of sub-paragraph <ref href="#d28e52814">(11)</ref> is to be paid in the same way that compensation is to be paid under paragraph <ref href="#d28e53800">10Z7CM</ref>.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Continuation of crypto wallet freezing order pending appeal</heading><paragraph eId="d28e52883" class="schProv1"><num>10Z7CF</num><subparagraph eId="d28e52887"><num>(1)</num><intro><p>This paragraph applies where, on an application under paragraph <ref href="#d28e51854">10Z7CA</ref> in relation to a crypto wallet to which a crypto wallet freezing order applies—</p></intro><level class="para1" eId="d28e52896"><num>(a)</num><intro><p>the magistrates’ court or sheriff decides—</p></intro><level class="para2"><num>(i)</num><content><p>to make an order under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref> in relation to some but not all of the cryptoassets to which the application related, or</p></content></level><level class="para2"><num>(ii)</num><content><p>not to make an order under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51897">(3)</ref>, or</p></content></level></level><level class="para1" eId="d28e52924"><num>(b)</num><intro><p>if the application is transferred in accordance with paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52614">(1)</ref>, the High Court or Court of Session decides—</p></intro><level class="para2"><num>(i)</num><content><p>to make an order under paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52650">(3)</ref> in relation to some but not all of the cryptoassets to which the application related, or</p></content></level><level class="para2"><num>(ii)</num><content><p>not to make an order under paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52650">(3)</ref>.</p></content></level></level></subparagraph><subparagraph eId="d28e52957"><num>(2)</num><content><p>The person who made the application under paragraph <ref href="#d28e51854">10Z7CA</ref> may apply without notice to the court or sheriff that made the decision referred to in sub-paragraph <ref href="#d28e52887">(1)</ref> for an order that the crypto wallet freezing order is to continue to have effect.</p></content></subparagraph><subparagraph eId="d28e52969"><num>(3)</num><intro><p>Where the court or sheriff makes an order under sub-paragraph <ref href="#d28e52957">(2)</ref> the crypto wallet freezing order is to continue to have effect until—</p></intro><level class="para1"><num>(a)</num><content><p>the end of the period of 48 hours starting with the making of the order under sub-paragraph <ref href="#d28e52957">(2)</ref>, or</p></content></level><level class="para1"><num>(b)</num><content><p>if within that period of 48 hours an appeal is brought (whether under paragraph <ref href="#d28e53023">10Z7CG</ref> or otherwise) against the decision referred to in sub-paragraph <ref href="#d28e52887">(1)</ref>, the time when the appeal is determined or otherwise disposed of.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>Sub-paragraph <ref href="#d28e50651">(3)</ref> of paragraph <ref href="#d28e50624">10Z7AF</ref> applies for the purposes of sub-paragraph <ref href="#d28e52969">(3)</ref> as it applies for the purposes of that paragraph.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Paragraphs <ref href="#d28e51854">10Z7CA</ref> to <ref href="#d28e52610">10Z7CE</ref>: appeals</heading><paragraph eId="d28e53023" class="schProv1"><num>10Z7CG</num><subparagraph eId="d28e53027"><num>(1)</num><intro><p>Any party to proceedings for an order for the forfeiture of cryptoassets under paragraph <ref href="#d28e51854">10Z7CA</ref> may appeal against—</p></intro><level class="para1"><num>(a)</num><content><p>the making of an order under paragraph <ref href="#d28e51854">10Z7CA</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>the making of an order under paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52731">(7)</ref>;</p></content></level><level class="para1" eId="d28e53056"><num>(c)</num><content><p>a decision not to make an order under paragraph <ref href="#d28e51854">10Z7CA</ref> unless the reason that no order was made is that an order was instead made under paragraph <ref href="#d28e52355">10Z7CD</ref>;</p></content></level><level class="para1" eId="d28e53068"><num>(d)</num><content><p>a decision not to make an order under paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52731">(7)</ref>.</p></content></level><wrapUp><p>Paragraphs <ref href="#d28e53056">(c)</ref> and <ref href="#d28e53068">(d)</ref> do not apply if the application for the order under paragraph <ref href="#d28e51854">10Z7CA</ref> was transferred in accordance with paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52614">(1)</ref>.</p></wrapUp></subparagraph><subparagraph eId="d28e53096"><num>(2)</num><content><p>Where an order under paragraph <ref href="#d28e52355">10Z7CD</ref> is made by a magistrates’ court, any party to the proceedings for the order (including any party to the proceedings under paragraph <ref href="#d28e51854">10Z7CA</ref> that preceded the making of the order) may appeal against a decision to include, or not to include, provision in the order under paragraph <ref href="#d28e52355">10Z7CD</ref><ref href="#d28e52466">(6)</ref>.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>An appeal under this paragraph lies—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales, to the Crown Court;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, to the Sheriff Appeal Court;</p></content></level><level class="para1"><num>(c)</num><content><p>in relation to Northern Ireland, to a county court.</p></content></level></subparagraph><subparagraph eId="d28e53137"><num>(4)</num><content><p>An appeal under this paragraph must be made before the end of the period of 30 days starting with the day on which the court or sheriff makes the order or decision.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>Sub-paragraph <ref href="#d28e53137">(4)</ref> is subject to paragraph <ref href="#d28e53179">10Z7CH</ref>.</p></content></subparagraph><subparagraph><num>(6)</num><content><p>The court hearing the appeal may make any order it thinks appropriate.</p></content></subparagraph><subparagraph><num>(7)</num><content><p>If the court upholds an appeal against an order forfeiting any cryptoasset or other item of property, it may, subject to sub-paragraph <ref href="#d28e53170">(8)</ref>, order the release of the whole or any part of the property.</p></content></subparagraph><subparagraph eId="d28e53170"><num>(8)</num><content><p>If (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the property is connected, the property is not to be released under this paragraph (and so is to continue to be detained) until the proceedings are concluded.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Extended time for appealing in certain cases where deproscription order made</heading><paragraph eId="d28e53179" class="schProv1"><num>10Z7CH</num><subparagraph><num>(1)</num><intro><p>This paragraph applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a successful application for an order under paragraph <ref href="#d28e51854">10Z7CA</ref> relies (wholly or partly) on the fact that an organisation is proscribed,</p></content></level><level class="para1"><num>(b)</num><content><p>an application under section 4 of the Terrorism Act 2000 for a deproscription order in respect of the organisation is refused by the Secretary of State,</p></content></level><level class="para1"><num>(c)</num><content><p>the property forfeited by the order under paragraph <ref href="#d28e51854">10Z7CA</ref> was seized under this Schedule on or after the date of the refusal of that application,</p></content></level><level class="para1"><num>(d)</num><content><p>an appeal against that refusal is allowed under section 5 of the Terrorism Act 2000,</p></content></level><level class="para1"><num>(e)</num><content><p>a deproscription order is made accordingly, and</p></content></level><level class="para1"><num>(f)</num><content><p>if the order is made in reliance on section 123(5) of the Terrorism Act 2000, a resolution is passed by each House of Parliament under section 123(5)(b) of that Act.</p></content></level></subparagraph><subparagraph><num>(2)</num><content><p>Where this paragraph applies, an appeal under paragraph <ref href="#d28e53023">10Z7CG</ref> against the making of an order under paragraph <ref href="#d28e51854">10Z7CA</ref>, and against the making (in addition) of any order under paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52731">(7)</ref>, may be brought at any time before the end of the period of 30 days beginning with the date on which the deproscription order comes into force.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>In this paragraph a “<term refersTo="#term-deproscription-order">deproscription order</term>” means an order under section 3(3)(b) or (8) of the Terrorism Act 2000.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Realisation or destruction of forfeited cryptoassets etc</heading><paragraph eId="d28e53261" class="schProv1"><num>10Z7CI</num><subparagraph><num>(1)</num><content><p>This paragraph applies where any cryptoasset or other item of property is forfeited under this Part.</p></content></subparagraph><subparagraph eId="d28e53271"><num>(2)</num><intro><p>An authorised officer must—</p></intro><level class="para1"><num>(a)</num><content><p>realise the property, or</p></content></level><level class="para1"><num>(b)</num><content><p>make arrangements for its realisation.</p></content></level><wrapUp><p>This is subject to sub-paragraphs <ref href="#d28e53298">(3)</ref> to <ref href="#d28e53328">(5)</ref>.</p></wrapUp></subparagraph><subparagraph eId="d28e53298"><num>(3)</num><intro><p>The property is not to be realised—</p></intro><level class="para1"><num>(a)</num><content><p>before the end of the period within which an appeal may be made (whether under paragraph <ref href="#d28e53023">10Z7CG</ref> or otherwise), or</p></content></level><level class="para1"><num>(b)</num><content><p>if an appeal is made within that period, before the appeal is determined or otherwise disposed of.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>The realisation of property under sub-paragraph <ref href="#d28e53271">(2)</ref> must be carried out, so far as practicable, in the manner best calculated to maximise the amount obtained for the property.</p></content></subparagraph><subparagraph eId="d28e53328"><num>(5)</num><intro><p>Where an authorised officer is satisfied that—</p></intro><level class="para1"><num>(a)</num><content><p>it is not reasonably practicable to realise any cryptoasset, or</p></content></level><level class="para1"><num>(b)</num><content><p>there are reasonable grounds to believe that the realisation of any cryptoasset would be contrary to the public interest,</p></content></level><wrapUp><p>the authorised officer may destroy the cryptoasset.</p></wrapUp></subparagraph><subparagraph><num>(6)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>the authorised officer may destroy the cryptoasset only if the officer is a senior officer or is authorised to do so by a senior officer, and</p></content></level><level class="para1"><num>(b)</num><intro><p>the cryptoasset is not to be destroyed—</p></intro><level class="para2"><num>(i)</num><content><p>before the end of the period within which an appeal may be made (whether under paragraph <ref href="#d28e53023">10Z7CG</ref> or otherwise), or</p></content></level><level class="para2"><num>(ii)</num><content><p>if an appeal is made within that period, before the appeal is determined or otherwise disposed of.</p></content></level></level></subparagraph><subparagraph><num>(7)</num><content><p>The question of whether the realisation of the cryptoasset would be contrary to the public interest is to be determined with particular reference to how likely it is that the entry of the cryptoasset into general circulation would facilitate criminal conduct by any person.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Proceeds of realisation</heading><paragraph eId="d28e53390" class="schProv1"><num>10Z7CJ</num><subparagraph><num>(1)</num><content><p>This paragraph applies where any cryptoasset or other item of property is realised under paragraph <ref href="#d28e53261">10Z7CI</ref>.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>The proceeds of the realisation must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, they must be applied in making any payment required to be made by virtue of paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52772">(9)</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>second, they must be applied in making any payment of legal expenses which, after giving effect to paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51927">(5)</ref> (including as applied by paragraph <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52693">(5)</ref>), are payable under this sub-paragraph in pursuance of provision under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51903">(4)</ref> or, as the case may be, <ref href="#d28e52610">10Z7CE</ref><ref href="#d28e52674">(4)</ref>;</p></content></level><level class="para1" eId="d28e53447"><num>(c)</num><content><p>third, they must be applied in payment or reimbursement of any reasonable costs incurred in storing or insuring the property whilst detained under this Schedule and in realising the property;</p></content></level><level class="para1"><num>(d)</num><intro><p>fourth, they must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if the property was forfeited by a magistrates’ court or the High Court, into the Consolidated Fund;</p></content></level><level class="para2"><num>(ii)</num><content><p>if the property was forfeited by the sheriff or the Court of Session, into the Scottish Consolidated Fund.</p></content></level></level></subparagraph><subparagraph><num>(3)</num><content><p>If what is realised under paragraph <ref href="#d28e53261">10Z7CI</ref> represents part only of an item of property, the reference in sub-paragraph <ref href="#d28e53447">(2)(c)</ref> to costs incurred in storing or insuring the property is to be read as a reference to costs incurred in storing or insuring the whole of the property.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Victims etc: detained cryptoassets</heading><paragraph eId="d28e53486" class="schProv1"><num>10Z7CK</num><subparagraph eId="d28e53490"><num>(1)</num><content><p>A person who claims that any cryptoassets detained under this Schedule belong to the person may apply for some or all of the cryptoassets to be released.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>An application under sub-paragraph <ref href="#d28e53490">(1)</ref> is to be made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, to the sheriff.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>The application may be made in the course of proceedings under paragraph <ref href="#d28e50699">10Z7AG</ref> or <ref href="#d28e51854">10Z7CA</ref> or at any other time.</p></content></subparagraph><subparagraph><num>(4)</num><intro><p>The court or sheriff may, subject to sub-paragraph <ref href="#d28e53625">(8)</ref>, order the cryptoassets to which the application relates to be released to the applicant if it appears to the court or sheriff that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the cryptoassets to which the application relates, or of property which they represent, by criminal conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, property obtained by or in return for criminal conduct and nor did they then represent such property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the cryptoassets belong to the applicant.</p></content></level></subparagraph><subparagraph eId="d28e53556"><num>(5)</num><content><p>If sub-paragraph <ref href="#d28e53568">(6)</ref> applies, the court or sheriff may, subject to sub-paragraph <ref href="#d28e53625">(8)</ref>, order the cryptoassets to which the application relates to be released to the applicant or to the person from whom they were seized.</p></content></subparagraph><subparagraph eId="d28e53568"><num>(6)</num><intro><p>This sub-paragraph applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the cryptoassets to which the application relates were seized,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the court or sheriff that those cryptoassets belong to the applicant,</p></content></level><level class="para1"><num>(c)</num><content><p>the court or sheriff is satisfied that the release condition is met in relation to those cryptoassets, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under sub-paragraph <ref href="#d28e53556">(5)</ref> has been made by the person from whom those cryptoassets were seized.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>if the conditions in Part <ref href="#d28e50060">4BA</ref> for the detention of the cryptoassets are no longer met, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to cryptoassets which are subject to an application for forfeiture under paragraph <ref href="#d28e51854">10Z7CA</ref>, if the court or sheriff decides not to make an order under that paragraph in relation to the cryptoassets.</p></content></level></subparagraph><subparagraph eId="d28e53625"><num>(8)</num><content><p>If (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the cryptoassets are connected, the cryptoassets are not to be released under this paragraph (and so are to continue to be detained) until the proceedings are concluded.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Victims etc: crypto wallet freezing orders</heading><paragraph eId="d28e53634" class="schProv1"><num>10Z7CL</num><subparagraph eId="d28e53638"><num>(1)</num><content><p>A person who claims that any cryptoassets held in a crypto wallet in respect of which a crypto wallet freezing order has effect belong to the person may apply for some or all of the cryptoassets to be released.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>An application under sub-paragraph <ref href="#d28e53638">(1)</ref> is to be made—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales or Northern Ireland, to a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, to the sheriff.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>The application may be made in the course of proceedings under paragraph <ref href="#d28e51475">10Z7BB</ref> or <ref href="#d28e51854">10Z7CA</ref> or at any other time.</p></content></subparagraph><subparagraph><num>(4)</num><intro><p>The court or sheriff may, subject to sub-paragraph <ref href="#d28e53770">(8)</ref>, order the cryptoassets to which the application relates to be released to the applicant if it appears to the court or sheriff that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the cryptoassets to which the application relates, or of property which they represent, by criminal conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, property obtained by or in return for criminal conduct and nor did they then represent such property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the cryptoassets belong to the applicant.</p></content></level></subparagraph><subparagraph eId="d28e53704"><num>(5)</num><content><p>If sub-paragraph <ref href="#d28e53716">(6)</ref> applies, the court or sheriff may, subject to sub-paragraph <ref href="#d28e53770">(8)</ref>, order the cryptoassets to which the application relates to be released to the applicant.</p></content></subparagraph><subparagraph eId="d28e53716"><num>(6)</num><intro><p>This sub-paragraph applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the cryptoassets to which the application relates were seized,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the court or sheriff that those cryptoassets belong to the applicant,</p></content></level><level class="para1"><num>(c)</num><content><p>the court or sheriff is satisfied that the release condition is met in relation to those cryptoassets, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under sub-paragraph <ref href="#d28e53704">(5)</ref> has been made by the person from whom those cryptoassets were seized.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>if the conditions for the making of the crypto wallet freezing order are no longer met in relation to the cryptoassets to which the application relates, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to cryptoassets held in a crypto wallet subject to a crypto wallet freezing order which are subject to an application for forfeiture under paragraph <ref href="#d28e51854">10Z7CA</ref>, if the court or sheriff decides not to make an order under that paragraph in relation to the cryptoassets.</p></content></level></subparagraph><subparagraph eId="d28e53770"><num>(8)</num><intro><p>Cryptoassets are not to be released under this paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>if an application for their forfeiture under paragraph <ref href="#d28e51854">10Z7CA</ref> is made, until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded;</p></content></level><level class="para1"><num>(b)</num><content><p>if (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the cryptoassets are connected, until the proceedings are concluded.</p></content></level></subparagraph><subparagraph><num>(9)</num><content><p>In relation to cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order, references in this paragraph to a person from whom cryptoassets were seized include a reference to a person by or for whom the crypto wallet was administered immediately before the crypto wallet freezing order was made.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Compensation</heading><paragraph eId="d28e53800" class="schProv1"><num>10Z7CM</num><subparagraph><num>(1)</num><content><p>This paragraph applies if no order is made under paragraph <ref href="#d28e51854">10Z7CA</ref>, <ref href="#d28e52355">10Z7CD</ref> or <ref href="#d28e52610">10Z7CE</ref> in respect of cryptoassets detained under this Schedule or held in a crypto wallet that is subject to a crypto wallet freezing order under paragraph <ref href="#d28e51475">10Z7BB</ref>.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>Where this paragraph applies, the following may make an application to the relevant court for compensation—</p></intro><level class="para1"><num>(a)</num><content><p>a person to whom the cryptoassets belong or from whom they were seized;</p></content></level><level class="para1"><num>(b)</num><content><p>a person by or for whom a crypto wallet to which the crypto wallet freezing order applies is administered.</p></content></level></subparagraph><subparagraph><num>(3)</num><content><p>If the relevant court is satisfied that the applicant has suffered loss as a result of the detention of the cryptoassets or the making of the crypto wallet freezing order and that the circumstances are exceptional, the relevant court may order compensation to be paid to the applicant.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>The amount of compensation to be paid is the amount the relevant court thinks reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by an officer of Revenue and Customs, the compensation is to be paid by the Commissioners for His Majesty’s Revenue and Customs.</p></content></subparagraph><subparagraph><num>(6)</num><intro><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by a constable, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a constable of a police force in England and Wales, it is to be paid out of the police fund from which the expenses of the police force are met;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of a constable of the Police Service of Scotland, it is to be paid by the Scottish Police Authority;</p></content></level><level class="para1"><num>(c)</num><content><p>in the case of a police officer within the meaning of the Police (Northern Ireland) Act 2000, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by a counter-terrorism financial investigator, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><intro><p>in the case of a counter-terrorism financial investigator who was—</p></intro><level class="para2"><num>(i)</num><content><p>a member of the civilian staff of a police force (including the metropolitan police force), within the meaning of Part 1 of the Police Reform and Social Responsibility Act 2011, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a member of staff of the City of London police force,</p></content></level><wrapUp><p>it is to be paid out of the police fund from which the expenses of the police force are met;</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>in the case of a counter-terrorism financial investigator who was a member of staff of the Police Service of Northern Ireland, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland.</p></content></level></subparagraph><subparagraph><num>(8)</num><content><p>If the cryptoassets were seized, or the crypto wallet freezing order was applied for, by an immigration officer, the compensation is to be paid by the Secretary of State.</p></content></subparagraph><subparagraph><num>(9)</num><content><p>If an order under paragraph <ref href="#d28e51475">10Z7BB</ref>, <ref href="#d28e51854">10Z7CA</ref>, <ref href="#d28e52355">10Z7CD</ref> or <ref href="#d28e52610">10Z7CE</ref> is made in respect of some of the cryptoassets detained or held, this paragraph has effect in relation to the remainder.</p></content></subparagraph><subparagraph><num>(10)</num><content><p>This paragraph does not apply if the relevant court makes an order under paragraph <ref href="#d28e53486">10Z7CK</ref> or <ref href="#d28e53634">10Z7CL</ref>.</p></content></subparagraph><subparagraph><num>(11)</num><intro><p>In this paragraph “<term refersTo="#term-relevant-court">relevant court</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, the sheriff.</p></content></level></subparagraph></paragraph></hcontainer></part><part eId="d28e53971"><num>PART 4BD</num><heading>Conversion of cryptoassets</heading><hcontainer name="crossheading" class="schGroup7"><heading>Interpretation</heading><paragraph class="schProv1"><num>10Z7D</num><subparagraph><num>(1)</num><intro><p>In this Part—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-converted-cryptoassets">converted cryptoassets</term>” is to be read in accordance with paragraphs <ref href="#d28e54639">10Z7DD</ref> and 10Z7DE;</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet-freezing-order">crypto wallet freezing order</term>” has the same meaning as in Part <ref href="#d28e51123">4BB</ref> (see paragraph <ref href="#d28e51131">10Z7B</ref><ref href="#d28e51287">(6)</ref>);</p></content></hcontainer><hcontainer name="definition"><intro><p>“<term refersTo="#term-relevant-court">relevant court</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in England and Wales and Northern Ireland, a magistrates’ court;</p></content></level><level class="para1"><num>(b)</num><content><p>in Scotland, the sheriff;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-relevant-financial-institution">relevant financial institution</term>” has the same meaning as in Part 4B (see paragraph 10Q);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-uk-connected-cryptoasset-service-provider">UK-connected cryptoasset service provider</term>” has the same meaning as in Part <ref href="#d28e51123">4BB</ref> (see paragraph <ref href="#d28e51131">10Z7B</ref><ref href="#d28e51320">(7)</ref>).</p></content></hcontainer></subparagraph><subparagraph><num>(2)</num><content><p>Paragraph <ref href="#d28e51131">10Z7B</ref><ref href="#d28e51314">(6)(b)</ref> (administration of crypto wallets) applies in relation to this Part as it applies in relation to Part <ref href="#d28e51123">4BB</ref>.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>In this Part references to the conversion of cryptoassets into money are references to the conversion of cryptoassets into—</p></intro><level class="para1"><num>(a)</num><content><p>cash, or</p></content></level><level class="para1"><num>(b)</num><content><p>money held in an account maintained with a relevant financial institution.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>For the purposes of Parts 2 to 4, converted cryptoassets detained under this Part are not to be treated as cash detained under this Schedule.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Detained cryptoassets: conversion</heading><paragraph eId="d28e54094" class="schProv1"><num>10Z7DA</num><subparagraph><num>(1)</num><content><p>Sub-paragraph <ref href="#d28e54113">(2)</ref> applies while any cryptoassets are detained in pursuance of an order under paragraph <ref href="#d28e50579">10Z7AE</ref> or <ref href="#d28e50699">10Z7AG</ref> (including where cryptoassets are subject to forfeiture proceedings).</p></content></subparagraph><subparagraph eId="d28e54113"><num>(2)</num><content><p>A person within sub-paragraph <ref href="#d28e54122">(3)</ref> may apply to the relevant court for an order requiring all of the cryptoassets detained pursuant to the order to be converted into money.</p></content></subparagraph><subparagraph eId="d28e54122"><num>(3)</num><intro><p>The following persons are within this sub-paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>a person from whom the cryptoassets were seized.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>In deciding whether to make an order under this paragraph, the court must have regard to whether the cryptoassets (as a whole) are likely to suffer a significant loss in value during the period before they are released or forfeited (including the period during which an appeal against an order for forfeiture may be made).</p></content></subparagraph><subparagraph><num>(5)</num><intro><p>Before making an order under this paragraph the court must give an opportunity to be heard to—</p></intro><level class="para1"><num>(a)</num><content><p>the parties to the proceedings, and</p></content></level><level class="para1"><num>(b)</num><content><p>any other person who may be affected by its decision.</p></content></level></subparagraph><subparagraph eId="d28e54164"><num>(6)</num><content><p>As soon as practicable after an order is made under this paragraph, an authorised officer must convert the cryptoassets, or arrange for the cryptoassets to be converted, into money.</p></content></subparagraph><subparagraph><num>(7)</num><content><p>The conversion of cryptoassets under sub-paragraph <ref href="#d28e54164">(6)</ref> must be carried out, so far as practicable, in the manner best calculated to maximise the amount of money obtained for the cryptoassets.</p></content></subparagraph><subparagraph><num>(8)</num><content><p>At the first opportunity after the cryptoassets are converted, the authorised officer must arrange for the amount of money obtained for the cryptoassets to be paid into an interest-bearing account and held there.</p></content></subparagraph><subparagraph><num>(9)</num><content><p>Interest accruing on the amount is to be added to it on its forfeiture or release.</p></content></subparagraph><subparagraph><num>(10)</num><intro><p>Where cryptoassets are converted into money in accordance with an order made under this paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>the cryptoassets are no longer to be treated as being detained in pursuance of an order under paragraph <ref href="#d28e50579">10Z7AE</ref> or <ref href="#d28e50699">10Z7AG</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>any application made under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51879">(2)</ref> in relation to the cryptoassets which has not yet been determined or otherwise disposed of (including under paragraph <ref href="#d28e52355">10Z7CD</ref> or <ref href="#d28e52610">10Z7CE</ref>) is to be treated as if it were an application made under paragraph <ref href="#d28e55077">10Z7DG</ref><ref href="#d28e55093">(2)</ref> in relation to the converted cryptoassets.</p></content></level></subparagraph><subparagraph><num>(11)</num><content><p>An order made under this paragraph must provide for notice to be given to persons affected by the order.</p></content></subparagraph><subparagraph><num>(12)</num><content><p>No appeal may be made against an order made under this paragraph.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Frozen crypto wallet: conversion</heading><paragraph eId="d28e54247" class="schProv1"><num>10Z7DB</num><subparagraph><num>(1)</num><content><p>This paragraph applies while a crypto wallet freezing order under paragraph <ref href="#d28e51475">10Z7BB</ref> has effect (including where cryptoassets held in a crypto wallet that is subject to a crypto wallet freezing order are subject to forfeiture proceedings).</p></content></subparagraph><subparagraph><num>(2)</num><content><p>A person within sub-paragraph <ref href="#d28e54269">(3)</ref> may apply to the relevant court for an order requiring all of the cryptoassets held in the crypto wallet to be converted into money.</p></content></subparagraph><subparagraph eId="d28e54269"><num>(3)</num><intro><p>The following persons are within this sub-paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>a person by or for whom the crypto wallet is administered.</p></content></level></subparagraph><subparagraph><num>(4)</num><intro><p>In deciding whether to make an order under this paragraph, the court must have regard to whether the cryptoassets (as a whole) are likely to suffer a significant loss in value during the period before—</p></intro><level class="para1"><num>(a)</num><content><p>the crypto wallet freezing order ceases to have effect, or</p></content></level><level class="para1"><num>(b)</num><content><p>the cryptoassets are forfeited (including the period during which an appeal against an order for forfeiture may be made).</p></content></level></subparagraph><subparagraph><num>(5)</num><intro><p>Before making an order under this paragraph the court must give an opportunity to be heard to—</p></intro><level class="para1"><num>(a)</num><content><p>the parties to the proceedings, and</p></content></level><level class="para1"><num>(b)</num><content><p>any other person who may be affected by its decision.</p></content></level></subparagraph><subparagraph eId="d28e54323"><num>(6)</num><content><p>As soon as practicable after an order is made under this paragraph, the UK-connected cryptoasset service provider that administers the crypto wallet must convert the cryptoassets, or arrange for the cryptoassets to be converted, into money.</p></content></subparagraph><subparagraph><num>(7)</num><content><p>The conversion of cryptoassets under sub-paragraph <ref href="#d28e54323">(6)</ref> must be carried out, so far as practicable, in the manner best calculated to maximise the amount of money obtained for the cryptoassets.</p></content></subparagraph><subparagraph><num>(8)</num><content><p>At the first opportunity after the cryptoassets are converted, the UK-connected cryptoasset service provider must arrange for the amount of money obtained for the cryptoassets to be paid into an interest-bearing account nominated by an authorised officer and held there.</p></content></subparagraph><subparagraph><num>(9)</num><intro><p>But—</p></intro><level class="para1"><num>(a)</num><content><p>the UK-connected cryptoasset service provider may deduct any reasonable expenses incurred by the provider in connection with the conversion of the cryptoassets, and</p></content></level><level class="para1"><num>(b)</num><content><p>the amount to be treated as the proceeds of the conversion of the cryptoassets is to be reduced accordingly.</p></content></level></subparagraph><subparagraph><num>(10)</num><content><p>Interest accruing on the amount obtained for the cryptoassets is to be added to it on its forfeiture or release.</p></content></subparagraph><subparagraph><num>(11)</num><intro><p>Where cryptoassets are converted in accordance with an order made under this paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>the crypto wallet freezing order ceases to have effect,</p></content></level><level class="para1"><num>(b)</num><content><p>any application made under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51879">(2)</ref> in relation to the cryptoassets which has not yet been determined or otherwise disposed of (including under paragraph <ref href="#d28e52355">10Z7CD</ref> or <ref href="#d28e52610">10Z7CE</ref>) is to be treated as if it were an application made under paragraph <ref href="#d28e55077">10Z7DG</ref><ref href="#d28e55093">(2)</ref> in relation to the converted cryptoassets, and</p></content></level><level class="para1"><num>(c)</num><content><p>any application made under paragraph <ref href="#d28e52883">10Z7CF</ref><ref href="#d28e52957">(2)</ref> in relation to the crypto wallet which has not yet been determined or otherwise disposed of may not be proceeded with.</p></content></level></subparagraph><subparagraph><num>(12)</num><content><p>An order made under this paragraph must provide for notice to be given to persons affected by the order.</p></content></subparagraph><subparagraph><num>(13)</num><content><p>No appeal may be made against an order made under this paragraph.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Conversion: existing forfeiture proceedings</heading><paragraph eId="d28e54429" class="schProv1"><num>10Z7DC</num><subparagraph><num>(1)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets are forfeited under paragraph <ref href="#d28e51854">10Z7CA</ref> or <ref href="#d28e52610">10Z7CE</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>before the cryptoassets are realised or destroyed in accordance with paragraph <ref href="#d28e53261">10Z7CI</ref>, an order is made under paragraph <ref href="#d28e54094">10Z7DA</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>paragraph <ref href="#d28e55309">10Z7DJ</ref><ref href="#d28e55313">(1)</ref> applies in relation to the converted cryptoassets as if they had been detained under paragraph <ref href="#d28e54639">10Z7DD</ref> and forfeited under paragraph <ref href="#d28e55077">10Z7DG</ref> (and accordingly paragraph <ref href="#d28e53261">10Z7CI</ref> ceases to apply).</p></wrapUp></subparagraph><subparagraph><num>(2)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets are forfeited under paragraph <ref href="#d28e51854">10Z7CA</ref> or <ref href="#d28e52610">10Z7CE</ref>, and</p></content></level><level class="para1"><num>(b)</num><content><p>before the cryptoassets are realised or destroyed in accordance with paragraph <ref href="#d28e53261">10Z7CI</ref>, an order is made under paragraph <ref href="#d28e54247">10Z7DB</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>paragraph <ref href="#d28e55309">10Z7DJ</ref><ref href="#d28e55374">(2)</ref> applies in relation to the converted cryptoassets as if they had been detained under paragraph <ref href="#d28e54802">10Z7DE</ref> and forfeited under paragraph <ref href="#d28e55077">10Z7DG</ref> (and accordingly paragraph <ref href="#d28e53261">10Z7CI</ref> ceases to apply).</p></wrapUp></subparagraph><subparagraph><num>(3)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>an appeal may be made under paragraph <ref href="#d28e53023">10Z7CG</ref><ref href="#d28e53027">(1)</ref> or <ref href="#d28e53096">(2)</ref> in relation to the determination of an application under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51879">(2)</ref> for the forfeiture of cryptoassets (including where paragraph <ref href="#d28e52355">10Z7CD</ref> or <ref href="#d28e52610">10Z7CE</ref> applies), and</p></content></level><level class="para1"><num>(b)</num><content><p>an order is made under paragraph <ref href="#d28e54094">10Z7DA</ref> or <ref href="#d28e54247">10Z7DB</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>the appeal may instead be made under paragraph <ref href="#d28e55168">10Z7DH</ref> (within the time allowed by paragraph <ref href="#d28e53023">10Z7CG</ref><ref href="#d28e53137">(4)</ref>) as if it were an appeal against the determination of an application under paragraph <ref href="#d28e55077">10Z7DG</ref>.</p></wrapUp></subparagraph><subparagraph><num>(4)</num><intro><p>Where—</p></intro><level class="para1"><num>(a)</num><content><p>an appeal is made under paragraph <ref href="#d28e53023">10Z7CG</ref><ref href="#d28e53027">(1)</ref> or <ref href="#d28e53096">(2)</ref> in relation to the determination of an application under paragraph <ref href="#d28e51854">10Z7CA</ref><ref href="#d28e51879">(2)</ref> for the forfeiture of cryptoassets (including where paragraph <ref href="#d28e52355">10Z7CD</ref> or <ref href="#d28e52610">10Z7CE</ref> applies), and</p></content></level><level class="para1"><num>(b)</num><content><p>before the appeal is determined or otherwise disposed of, an order is made under paragraph <ref href="#d28e54094">10Z7DA</ref> or <ref href="#d28e54247">10Z7DB</ref> requiring the cryptoassets to be converted into money,</p></content></level><wrapUp><p>the appeal is to be treated as if it had been made under paragraph <ref href="#d28e55168">10Z7DH</ref><ref href="#d28e55172">(1)</ref> in relation to the determination of an application under paragraph <ref href="#d28e55077">10Z7DG</ref> for the forfeiture of the converted cryptoassets.</p></wrapUp></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Detained cryptoassets: detention of proceeds of conversion</heading><paragraph eId="d28e54639" class="schProv1"><num>10Z7DD</num><subparagraph eId="d28e54643"><num>(1)</num><content><p>This paragraph applies where cryptoassets are converted into money in accordance with an order under paragraph <ref href="#d28e54094">10Z7DA</ref>.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>The proceeds of the conversion (the “converted cryptoassets”) may be detained initially until the end of the period that the cryptoassets could, immediately before the conversion, have been detained under Part <ref href="#d28e50060">4BA</ref> (ignoring the possibility of any extension of that period).</p></content></subparagraph><subparagraph eId="d28e54661"><num>(3)</num><content><p>The period for which the converted cryptoassets may be detained may be extended by an order made by the relevant court.</p></content></subparagraph><subparagraph eId="d28e54667"><num>(4)</num><content><p>An order under sub-paragraph <ref href="#d28e54661">(3)</ref> may not authorise the detention of the converted cryptoassets beyond the end of the period of 2 years beginning with the relevant date; but this is subject to sub-paragraph <ref href="#d28e54679">(5)</ref>.</p></content></subparagraph><subparagraph eId="d28e54679"><num>(5)</num><content><p>The relevant court may make an order for the period of 2 years in sub-paragraph <ref href="#d28e54667">(4)</ref> to be extended to a period of up to 3 years beginning with the relevant date.</p></content></subparagraph><subparagraph><num>(6)</num><content><p>In sub-paragraphs <ref href="#d28e54667">(4)</ref> and <ref href="#d28e54679">(5)</ref> “<term refersTo="#term-the-relevant-date">the relevant date</term>” means the date on which the first order under paragraph <ref href="#d28e50579">10Z7AE</ref> or <ref href="#d28e50699">10Z7AG</ref> (as the case may be) was made in relation to the cryptoassets.</p></content></subparagraph><subparagraph><num>(7)</num><intro><p>An application for an order under sub-paragraph <ref href="#d28e54661">(3)</ref> or <ref href="#d28e54679">(5)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, by the Commissioners for His Majesty’s Revenue and Customs or an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, by a procurator fiscal.</p></content></level></subparagraph><subparagraph><num>(8)</num><intro><p>The relevant court may make an order under sub-paragraph <ref href="#d28e54661">(3)</ref> only if satisfied that there are reasonable grounds for suspecting that the converted cryptoassets to be further detained—</p></intro><level class="para1"><num>(a)</num><content><p>are within subsection (1)(a) or (b) of section 1, or</p></content></level><level class="para1"><num>(b)</num><content><p>are property earmarked as terrorist property.</p></content></level></subparagraph><subparagraph eId="d28e54754"><num>(9)</num><content><p>The relevant court may make an order under sub-paragraph <ref href="#d28e54679">(5)</ref> only if satisfied that a request for assistance is outstanding in relation to the cryptoassets mentioned in sub-paragraph <ref href="#d28e54643">(1)</ref>.</p></content></subparagraph><subparagraph><num>(10)</num><intro><p>A “request for assistance” in sub-paragraph <ref href="#d28e54754">(9)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the cryptoassets, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an authorised officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Schedule, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A of the Proceeds of Crime Act 2002 (evidence overseas).</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Frozen crypto wallets: detention of proceeds of conversion</heading><paragraph eId="d28e54802" class="schProv1"><num>10Z7DE</num><subparagraph eId="d28e54806"><num>(1)</num><content><p>This paragraph applies where cryptoassets held in a crypto wallet subject to a crypto wallet freezing order are converted into money in accordance with an order under paragraph <ref href="#d28e54247">10Z7DB</ref>.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>The proceeds of the conversion (the “converted cryptoassets”) may be detained initially until the end of the period that the crypto wallet freezing order was, immediately before the conversion, due to have effect under Part <ref href="#d28e51123">4BB</ref> (ignoring the possibility of any extension of that period).</p></content></subparagraph><subparagraph eId="d28e54824"><num>(3)</num><content><p>The period for which the converted cryptoassets may be detained may be extended by an order made by the relevant court.</p></content></subparagraph><subparagraph eId="d28e54830"><num>(4)</num><content><p>An order under sub-paragraph <ref href="#d28e54824">(3)</ref> may not authorise the detention of the converted cryptoassets beyond the end of the period of 2 years beginning with the day on which the crypto wallet freezing order was made; but this is subject to sub-paragraph <ref href="#d28e54842">(5)</ref>.</p></content></subparagraph><subparagraph eId="d28e54842"><num>(5)</num><content><p>The relevant court may make an order for the period of 2 years in sub-paragraph <ref href="#d28e54830">(4)</ref> to be extended to a period of up to 3 years beginning with the day on which the crypto wallet freezing order was made.</p></content></subparagraph><subparagraph><num>(6)</num><intro><p>An application for an order under sub-paragraph <ref href="#d28e54824">(3)</ref> or <ref href="#d28e54842">(5)</ref> may be made—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales and Northern Ireland, by the Commissioners for His Majesty’s Revenue and Customs or an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, by a procurator fiscal.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>The relevant court may make an order under sub-paragraph <ref href="#d28e54824">(3)</ref> only if satisfied that there are reasonable grounds for suspecting that the converted cryptoassets to be further detained—</p></intro><level class="para1"><num>(a)</num><content><p>are within subsection (1)(a) or (b) of section 1, or</p></content></level><level class="para1"><num>(b)</num><content><p>are property earmarked as terrorist property.</p></content></level></subparagraph><subparagraph eId="d28e54896"><num>(8)</num><content><p>The relevant court may make an order under sub-paragraph <ref href="#d28e54842">(5)</ref> only if satisfied that a request for assistance is outstanding in relation to the cryptoassets mentioned in sub-paragraph <ref href="#d28e54806">(1)</ref>.</p></content></subparagraph><subparagraph><num>(9)</num><intro><p>A “request for assistance” in sub-paragraph <ref href="#d28e54896">(8)</ref> means a request for assistance in obtaining evidence (including information in any form or article) in connection with the cryptoassets, made—</p></intro><level class="para1"><num>(a)</num><content><p>by a judicial authority in the United Kingdom under section 7 of the Crime (International Co-operation) Act 2003,</p></content></level><level class="para1"><num>(b)</num><content><p>by an authorised officer, to an authority exercising equivalent functions in a foreign country,</p></content></level><level class="para1"><num>(c)</num><content><p>by the Scottish Ministers in connection with their functions under this Schedule, to an authority exercising equivalent functions in a foreign country, or</p></content></level><level class="para1"><num>(d)</num><content><p>by a person under section 375A or 408A of the Proceeds of Crime Act 2002 (evidence overseas).</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Release of detained converted cryptoassets</heading><paragraph class="schProv1"><num>10Z7DF</num><subparagraph><num>(1)</num><content><p>This paragraph applies while any converted cryptoassets are detained under paragraph <ref href="#d28e54639">10Z7DD</ref> or <ref href="#d28e54802">10Z7DE</ref>.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>The relevant court may, subject to sub-paragraph <ref href="#d28e55053">(7)</ref>, direct the release of the whole or any part of the converted cryptoassets if the following condition is met.</p></content></subparagraph><subparagraph eId="d28e54969"><num>(3)</num><intro><p>The condition is that, on an application by the relevant person, the court is not satisfied that there are reasonable grounds for suspecting that the converted cryptoassets to be released—</p></intro><level class="para1"><num>(a)</num><content><p>are within subsection (1)(a) or (b) of section 1, or</p></content></level><level class="para1"><num>(b)</num><content><p>are property earmarked as terrorist property.</p></content></level></subparagraph><subparagraph><num>(4)</num><intro><p>In sub-paragraph <ref href="#d28e54969">(3)</ref> “<term refersTo="#term-the-relevant-person">the relevant person</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of converted cryptoassets detained under paragraph <ref href="#d28e54639">10Z7DD</ref>, the person from whom the cryptoassets mentioned in sub-paragraph <ref href="#d28e54643">(1)</ref> of that paragraph were seized, and</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of converted cryptoassets detained under paragraph <ref href="#d28e54802">10Z7DE</ref>, any person affected by the crypto wallet freezing order mentioned in sub-paragraph <ref href="#d28e54806">(1)</ref> of that paragraph.</p></content></level></subparagraph><subparagraph><num>(5)</num><content><p>A person within sub-paragraph <ref href="#d28e55035">(6)</ref> may, subject to sub-paragraph <ref href="#d28e55053">(7)</ref> and after notifying the magistrates’ court or sheriff under whose order converted cryptoassets are being detained, release the whole or any part of the converted cryptoassets if satisfied that the detention is no longer justified.</p></content></subparagraph><subparagraph eId="d28e55035"><num>(6)</num><intro><p>The following persons are within this sub-paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to England and Wales or Northern Ireland, an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to Scotland, a procurator fiscal.</p></content></level></subparagraph><subparagraph eId="d28e55053"><num>(7)</num><intro><p>Converted cryptoassets are not to be released under this paragraph (and so are to continue to be detained)—</p></intro><level class="para1"><num>(a)</num><content><p>if an application for their forfeiture under paragraph <ref href="#d28e55077">10Z7DG</ref> is made, until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded;</p></content></level><level class="para1"><num>(b)</num><content><p>if (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the converted cryptoassets are connected, until the proceedings are concluded.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Forfeiture</heading><paragraph eId="d28e55077" class="schProv1"><num>10Z7DG</num><subparagraph><num>(1)</num><content><p>This paragraph applies while any converted cryptoassets are detained under paragraph <ref href="#d28e54639">10Z7DD</ref> or <ref href="#d28e54802">10Z7DE</ref>.</p></content></subparagraph><subparagraph eId="d28e55093"><num>(2)</num><intro><p>An application for the forfeiture of some or all of the converted cryptoassets may be made—</p></intro><level class="para1"><num>(a)</num><content><p>to a magistrates’ court, by the Commissioners for His Majesty’s Revenue and Customs or an authorised officer;</p></content></level><level class="para1"><num>(b)</num><content><p>to the sheriff, by the Scottish Ministers.</p></content></level></subparagraph><subparagraph><num>(3)</num><intro><p>The court or sheriff may order the forfeiture of some or all of the converted cryptoassets if satisfied that the converted cryptoassets to be forfeited—</p></intro><level class="para1"><num>(a)</num><content><p>are within subsection (1)(a) or (b) of section 1, or</p></content></level><level class="para1"><num>(b)</num><content><p>are property earmarked as terrorist property.</p></content></level></subparagraph><subparagraph><num>(4)</num><content><p>But in the case of property which belongs to joint tenants, one of whom is an excepted joint owner, the order may not apply to so much of it as the court thinks is attributable to the excepted joint owner’s share.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>Where an application for forfeiture is made under this paragraph, the converted cryptoassets are to continue to be detained under paragraph <ref href="#d28e54639">10Z7DD</ref> or <ref href="#d28e54802">10Z7DE</ref> (and may not be released under any power conferred by this Part) until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded.</p></content></subparagraph><subparagraph><num>(6)</num><intro><p>For the purposes of this paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>an excepted joint owner is a joint tenant who obtained the property in circumstances in which it would not (as against them) be earmarked, and</p></content></level><level class="para1"><num>(b)</num><content><p>references to the excepted joint owner’s share of property are to so much of the property as would have been theirs if the joint tenancy had been severed.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Forfeiture: appeals</heading><paragraph eId="d28e55168" class="schProv1"><num>10Z7DH</num><subparagraph eId="d28e55172"><num>(1)</num><intro><p>Any party to proceedings for an order for the forfeiture of converted cryptoassets under paragraph <ref href="#d28e55077">10Z7DG</ref> who is aggrieved by an order under that paragraph or by the decision of the court not to make such an order may appeal—</p></intro><level class="para1"><num>(a)</num><content><p>from an order or decision of a magistrates’ court in England and Wales, to the Crown Court;</p></content></level><level class="para1"><num>(b)</num><content><p>from an order or decision of the sheriff, to the Sheriff Appeal Court;</p></content></level><level class="para1"><num>(c)</num><content><p>from an order or decision of a magistrates’ court in Northern Ireland, to a county court.</p></content></level></subparagraph><subparagraph><num>(2)</num><content><p>An appeal under sub-paragraph <ref href="#d28e55172">(1)</ref> must be made before the end of the period of 30 days starting with the day on which the court makes the order or decision.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>The court hearing the appeal may make any order it thinks appropriate.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>If the court upholds an appeal against an order forfeiting the converted cryptoassets, it may, subject to sub-paragraph <ref href="#d28e55223">(5)</ref>, order the release of some or all of the converted cryptoassets.</p></content></subparagraph><subparagraph eId="d28e55223"><num>(5)</num><content><p>If (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the converted cryptoassets are connected, the converted cryptoassets are not to be released under this paragraph (and so are to continue to be detained) until the proceedings are concluded.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Extended time for appealing in certain cases where deproscription order made</heading><paragraph class="schProv1"><num>10Z7DI</num><subparagraph><num>(1)</num><intro><p>This paragraph applies where—</p></intro><level class="para1"><num>(a)</num><content><p>a successful application for an order under paragraph <ref href="#d28e55077">10Z7DG</ref> relies (wholly or partly) on the fact that an organisation is proscribed,</p></content></level><level class="para1"><num>(b)</num><content><p>an application under section 4 of the Terrorism Act 2000 for a deproscription order in respect of the organisation is refused by the Secretary of State,</p></content></level><level class="para1"><num>(c)</num><content><p>the converted cryptoassets forfeited by the order under paragraph <ref href="#d28e55077">10Z7DG</ref> were converted from cryptoassets which were seized under this Schedule on or after the date of the refusal of that application,</p></content></level><level class="para1"><num>(d)</num><content><p>an appeal against that refusal is allowed under section 5 of the Terrorism Act 2000,</p></content></level><level class="para1"><num>(e)</num><content><p>a deproscription order is made accordingly, and</p></content></level><level class="para1"><num>(f)</num><content><p>if the order is made in reliance on section 123(5) of the Terrorism Act 2000, a resolution is passed by each House of Parliament under section 123(5)(b) of that Act.</p></content></level></subparagraph><subparagraph><num>(2)</num><content><p>Where this paragraph applies, an appeal under paragraph <ref href="#d28e55168">10Z7DH</ref> against the making of an order under paragraph <ref href="#d28e55077">10Z7DG</ref> may be brought at any time before the end of the period of 30 days beginning with the date on which the deproscription order comes into force.</p></content></subparagraph><subparagraph><num>(3)</num><content><p>In this paragraph a “<term refersTo="#term-deproscription-order">deproscription order</term>” means an order under section 3(3)(b) or (8) of the Terrorism Act 2000.</p></content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Application of forfeited converted cryptoassets</heading><paragraph eId="d28e55309" class="schProv1"><num>10Z7DJ</num><subparagraph eId="d28e55313"><num>(1)</num><intro><p>Converted cryptoassets detained under paragraph <ref href="#d28e54639">10Z7DD</ref> and forfeited under paragraph <ref href="#d28e55077">10Z7DG</ref>, and any accrued interest on them, must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, they must be applied in making any payment of reasonable expenses incurred by an authorised officer in connection with the safe storage of the cryptoassets mentioned in paragraph <ref href="#d28e54639">10Z7DD</ref><ref href="#d28e54643">(1)</ref> during the period the cryptoassets were detained under Part <ref href="#d28e50060">4BA</ref>;</p></content></level><level class="para1"><num>(b)</num><content><p>second, they must be applied in making any payment of reasonable expenses incurred by an authorised officer in connection with the conversion of those cryptoassets under paragraph <ref href="#d28e54094">10Z7DA</ref><ref href="#d28e54164">(6)</ref>;</p></content></level><level class="para1"><num>(c)</num><content><p>third, they must be applied in making any payment of reasonable expenses incurred by an authorised officer in connection with the detention of the converted cryptoassets under this Part;</p></content></level><level class="para1"><num>(d)</num><intro><p>fourth, they must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if forfeited by a magistrates’ court in England and Wales or Northern Ireland, into the Consolidated Fund, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if forfeited by the sheriff, into the Scottish Consolidated Fund.</p></content></level></level></subparagraph><subparagraph eId="d28e55374"><num>(2)</num><intro><p>Converted cryptoassets detained under paragraph <ref href="#d28e54802">10Z7DE</ref> and forfeited under paragraph <ref href="#d28e55077">10Z7DG</ref>, and any accrued interest on them, must be applied as follows—</p></intro><level class="para1"><num>(a)</num><content><p>first, they must be applied in making any payment of reasonable expenses incurred by an authorised officer in connection with the detention of the converted cryptoassets under this Part;</p></content></level><level class="para1"><num>(b)</num><intro><p>second, they must be paid—</p></intro><level class="para2"><num>(i)</num><content><p>if forfeited by a magistrates’ court in England and Wales or Northern Ireland, into the Consolidated Fund, and</p></content></level><level class="para2"><num>(ii)</num><content><p>if forfeited by the sheriff, into the Scottish Consolidated Fund.</p></content></level></level></subparagraph><subparagraph><num>(3)</num><intro><p>But converted cryptoassets are not to be applied or paid under sub-paragraph <ref href="#d28e55313">(1)</ref> or <ref href="#d28e55374">(2)</ref>—</p></intro><level class="para1"><num>(a)</num><content><p>before the end of the period within which an appeal under paragraph <ref href="#d28e55168">10Z7DH</ref> may be made, or</p></content></level><level class="para1"><num>(b)</num><content><p>if a person appeals under that paragraph, before the appeal is determined or otherwise disposed of.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Victims etc</heading><paragraph eId="d28e55440" class="schProv1"><num>10Z7DK</num><subparagraph><num>(1)</num><content><p>This paragraph applies where converted cryptoassets are detained under this Part.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>Where this paragraph applies, a person (“<term refersTo="#term-p">P</term>”) who claims that the relevant cryptoassets belonged to P immediately before—</p></intro><level class="para1"><num>(a)</num><content><p>the relevant cryptoassets were seized, or</p></content></level><level class="para1" eId="d28e55465"><num>(b)</num><content><p>the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held,</p></content></level><wrapUp><p>may apply to the relevant court for some or all of the converted cryptoassets to be released to P.</p></wrapUp></subparagraph><subparagraph><num>(3)</num><content><p>The application may be made in the course of proceedings under paragraph <ref href="#d28e54639">10Z7DD</ref>, <ref href="#d28e54802">10Z7DE</ref> or <ref href="#d28e55077">10Z7DG</ref> or at any other time.</p></content></subparagraph><subparagraph><num>(4)</num><content><p>The relevant court may, subject to sub-paragraph <ref href="#d28e55614">(9)</ref>, order the converted cryptoassets to which the application relates to be released to the applicant if it appears to the relevant court that the condition in sub-paragraph <ref href="#d28e55500">(5)</ref> is met.</p></content></subparagraph><subparagraph eId="d28e55500"><num>(5)</num><intro><p>The condition in this sub-paragraph is that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the relevant cryptoassets, or of property which they represent, by criminal conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the relevant cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, property obtained by or in return for criminal conduct and nor did they then represent such property, and</p></content></level><level class="para1"><num>(c)</num><intro><p>the relevant cryptoassets belonged to the applicant immediately before—</p></intro><level class="para2"><num>(i)</num><content><p>the relevant cryptoassets were seized, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held.</p></content></level></level></subparagraph><subparagraph eId="d28e55536"><num>(6)</num><content><p>If sub-paragraph <ref href="#d28e55548">(7)</ref> applies, the relevant court may, subject to sub-paragraph <ref href="#d28e55614">(9)</ref>, order the converted cryptoassets to which the application relates to be released to the applicant or to the person from whom the relevant cryptoassets were seized.</p></content></subparagraph><subparagraph eId="d28e55548"><num>(7)</num><intro><p>This sub-paragraph applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the relevant cryptoassets were seized,</p></content></level><level class="para1"><num>(b)</num><intro><p>it appears to the relevant court that the relevant cryptoassets belonged to the applicant immediately before—</p></intro><level class="para2"><num>(i)</num><content><p>the relevant cryptoassets were seized, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the crypto wallet freezing order was made in relation to the crypto wallet in which the relevant cryptoassets were held,</p></content></level></level><level class="para1"><num>(c)</num><content><p>the relevant court is satisfied that the release condition is met in relation to the converted cryptoassets, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under sub-paragraph <ref href="#d28e55536">(6)</ref> has been made by the person from whom the relevant cryptoassets were seized.</p></content></level></subparagraph><subparagraph><num>(8)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>if the conditions in this Part for the detention of the converted cryptoassets are no longer met, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to converted cryptoassets which are subject to an application for forfeiture under paragraph <ref href="#d28e55077">10Z7DG</ref>, if the court or sheriff decides not to make an order under that paragraph in relation to the converted cryptoassets.</p></content></level></subparagraph><subparagraph eId="d28e55614"><num>(9)</num><content><p>If (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the converted cryptoassets are connected, the converted cryptoassets are not to be released under this paragraph (and so are to continue to be detained) until the proceedings are concluded</p></content></subparagraph><subparagraph><num>(10)</num><content><p>Where sub-paragraph <ref href="#d28e55465">(2)(b)</ref> applies, references in this paragraph to a person from whom relevant cryptoassets were seized include a reference to a person by or for whom the crypto wallet mentioned in that provision was administered immediately before the crypto wallet freezing order was made in relation to the crypto wallet.</p></content></subparagraph><subparagraph><num>(11)</num><intro><p>In this paragraph “<term refersTo="#term-the-relevant-cryptoassets">the relevant cryptoassets</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to converted cryptoassets detained under paragraph <ref href="#d28e54639">10Z7DD</ref>, some or all of the cryptoassets mentioned in sub-paragraph <ref href="#d28e54643">(1)</ref> of that paragraph, and</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to converted cryptoassets detained under paragraph <ref href="#d28e54802">10Z7DE</ref>, some or all of the cryptoassets mentioned in sub-paragraph <ref href="#d28e54806">(1)</ref> of that paragraph.</p></content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7"><heading>Compensation</heading><paragraph class="schProv1"><num>10Z7DL</num><subparagraph><num>(1)</num><content><p>This paragraph applies if no order is made under paragraph <ref href="#d28e55077">10Z7DG</ref> in respect of converted cryptoassets detained under this Part.</p></content></subparagraph><subparagraph><num>(2)</num><intro><p>Where this paragraph applies, the following may make an application to the relevant court for compensation—</p></intro><level class="para1"><num>(a)</num><content><p>a person to whom the relevant cryptoassets belonged immediately before they were seized;</p></content></level><level class="para1"><num>(b)</num><content><p>a person from whom the relevant cryptoassets were seized;</p></content></level><level class="para1"><num>(c)</num><content><p>a person by or for whom the crypto wallet mentioned in paragraph <ref href="#d28e54802">10Z7DE</ref><ref href="#d28e54806">(1)</ref> was administered immediately before the crypto wallet freezing order was made in relation to the crypto wallet.</p></content></level></subparagraph><subparagraph><num>(3)</num><intro><p>If the relevant court is satisfied that—</p></intro><level class="para1"><num>(a)</num><intro><p>the applicant has suffered loss as a result of—</p></intro><level class="para2"><num>(i)</num><content><p>the conversion of the relevant cryptoassets into money, or</p></content></level><level class="para2"><num>(ii)</num><content><p>the detention of the converted cryptoassets, and</p></content></level></level><level class="para1"><num>(b)</num><content><p>the circumstances are exceptional,</p></content></level><wrapUp><p>the relevant court may order compensation to be paid to the applicant.</p></wrapUp></subparagraph><subparagraph><num>(4)</num><content><p>The amount of compensation to be paid is the amount the relevant court thinks reasonable, having regard to the loss suffered and any other relevant circumstances.</p></content></subparagraph><subparagraph><num>(5)</num><content><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by an officer of Revenue and Customs, the compensation is to be paid by the Commissioners for His Majesty’s Revenue and Customs.</p></content></subparagraph><subparagraph><num>(6)</num><intro><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by a constable, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><content><p>in the case of a constable of a police force in England and Wales, it is to be paid out of the police fund from which the expenses of the police force are met;</p></content></level><level class="para1"><num>(b)</num><content><p>in the case of a constable of the Police Service of Scotland, it is to be paid by the Scottish Police Authority;</p></content></level><level class="para1"><num>(c)</num><content><p>in the case of a police officer within the meaning of the Police (Northern Ireland) Act 2000, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland.</p></content></level></subparagraph><subparagraph><num>(7)</num><intro><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by a counter-terrorism financial investigator, the compensation is to be paid as follows—</p></intro><level class="para1"><num>(a)</num><intro><p>in the case of a counter-terrorism financial investigator who was—</p></intro><level class="para2"><num>(i)</num><content><p>a member of the civilian staff of a police force (including the metropolitan police force), within the meaning of Part 1 of the Police Reform and Social Responsibility Act 2011, or</p></content></level><level class="para2"><num>(ii)</num><content><p>a member of staff of the City of London police force,</p></content></level><wrapUp><p>it is to be paid out of the police fund from which the expenses of the police force are met;</p></wrapUp></level><level class="para1"><num>(b)</num><content><p>in the case of a counter-terrorism financial investigator who was a member of staff of the Police Service of Northern Ireland, it is to be paid out of money provided by the Chief Constable of the Police Service of Northern Ireland.</p></content></level></subparagraph><subparagraph><num>(8)</num><content><p>If the relevant cryptoassets were seized, or the relevant crypto wallet freezing order was applied for, by an immigration officer, the compensation is to be paid by the Secretary of State.</p></content></subparagraph><subparagraph><num>(9)</num><content><p>This paragraph does not apply if the relevant court makes an order under paragraph <ref href="#d28e55440">10Z7DK</ref>.</p></content></subparagraph><subparagraph><num>(10)</num><intro><p>In this paragraph—</p></intro><hcontainer name="definition"><intro><p>“<term refersTo="#term-the-relevant-cryptoassets">the relevant cryptoassets</term>” means—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to converted cryptoassets detained under paragraph <ref href="#d28e54639">10Z7DD</ref>, the cryptoassets mentioned in sub-paragraph <ref href="#d28e54643">(1)</ref> of that paragraph;</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to converted cryptoassets detained under paragraph <ref href="#d28e54802">10Z7DE</ref>, the cryptoassets mentioned in sub-paragraph <ref href="#d28e54806">(1)</ref> of that paragraph;</p></content></level></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-the-relevant-crypto-wallet-freezing-order">the relevant crypto wallet freezing order</term>”, in relation to converted cryptoassets detained under paragraph <ref href="#d28e54802">10Z7DE</ref>, means the crypto wallet freezing order mentioned in sub-paragraph <ref href="#d28e54806">(1)</ref> of that paragraph.</p></content></hcontainer></subparagraph></paragraph></hcontainer></part></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-10-paragraph-3" class="schProv1"><num>3</num><content><p><mod>In Part 1, in paragraph 1(1) (terrorist cash), for “and 4B” substitute <quotedText>“to <ref href="#d28e53971">4BD</ref>”</quotedText>.</mod></p></content></paragraph><paragraph eId="schedule-10-paragraph-4" class="schProv1"><num>4</num><content><p><mod>In Part 4B (forfeiture of terrorist money held in bank and building society accounts), after paragraph 10Z6 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="crossheading" class="schGroup7"><heading>Victims etc</heading><paragraph class="schProv1"><num>10Z6A</num><subparagraph><num>(1)</num><content><p>A person who claims that money in respect of which an account freezing order has effect belongs to them may apply to the relevant court for the money to be released.</p></content></subparagraph><subparagraph><num>(2)</num><content><p>The application may be made in the course of proceedings under paragraph 10S or 10Z2 or at any other time.</p></content></subparagraph><subparagraph><num>(3)</num><intro><p>The court may, subject to sub-paragraph <ref href="#d28e56002">(7)</ref>, order the money to which the application relates to be released to the applicant if it appears to the court that—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant was deprived of the money to which the application relates, or of property which it represents, by criminal conduct,</p></content></level><level class="para1"><num>(b)</num><content><p>the money the applicant was deprived of was not, immediately before the applicant was deprived of it, property obtained by or in return for criminal conduct and nor did it then represent such property, and</p></content></level><level class="para1"><num>(c)</num><content><p>the money belongs to the applicant.</p></content></level></subparagraph><subparagraph eId="d28e55939"><num>(4)</num><content><p>If sub-paragraph <ref href="#d28e55951">(5)</ref> applies, the court may, subject to sub-paragraph <ref href="#d28e56002">(7)</ref>, order the money to which the application relates to be released to the applicant.</p></content></subparagraph><subparagraph eId="d28e55951"><num>(5)</num><intro><p>This sub-paragraph applies where—</p></intro><level class="para1"><num>(a)</num><content><p>the applicant is not the person from whom the money to which the application relates was seized,</p></content></level><level class="para1"><num>(b)</num><content><p>it appears to the court that the money belongs to the applicant,</p></content></level><level class="para1"><num>(c)</num><content><p>the court is satisfied that the release condition is met in relation to the money, and</p></content></level><level class="para1"><num>(d)</num><content><p>no objection to the making of an order under sub-paragraph <ref href="#d28e55939">(4)</ref> has been made by the person from whom the money was seized.</p></content></level></subparagraph><subparagraph><num>(6)</num><intro><p>The release condition is met—</p></intro><level class="para1"><num>(a)</num><content><p>in relation to money held in a frozen account, if the conditions for making an order under paragraph 10S in relation to the money are no longer met, or</p></content></level><level class="para1"><num>(b)</num><content><p>in relation to money held in a frozen account which is subject to an application for forfeiture under paragraph 10Z2, if the court or sheriff decides not to make an order under that paragraph in relation to the money.</p></content></level></subparagraph><subparagraph eId="d28e56002"><num>(7)</num><intro><p>Money is not to be released under this paragraph—</p></intro><level class="para1"><num>(a)</num><content><p>if an account forfeiture notice under paragraph 10W is given in respect of the money, until any proceedings in pursuance of the notice (including any proceedings on appeal) are concluded;</p></content></level><level class="para1"><num>(b)</num><content><p>if an application for its forfeiture under paragraph 10Z2, is made, until any proceedings in pursuance of the application (including any proceedings on appeal) are concluded;</p></content></level><level class="para1"><num>(c)</num><content><p>if (in the United Kingdom or elsewhere) proceedings are started against any person for an offence with which the cash is connected, until the proceedings are concluded.</p></content></level></subparagraph><subparagraph><num>(8)</num><content><p>In relation to money held in an account that is subject to an account freezing order, references in this paragraph to a person from whom money was seized include a reference to a person by or for whom the account was operated immediately before the account freezing order was made.</p></content></subparagraph></paragraph></hcontainer></quotedStructure></mod></p></content></paragraph><paragraph eId="schedule-10-paragraph-5" class="schProv1"><num>5</num><content><p><mod>In Part 6, in paragraph 19(1), at the appropriate places insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” has the meaning given by paragraph <ref href="#d28e50068">10Z7A</ref><ref href="#d28e50072">(1)</ref>;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-crypto-wallet">crypto wallet</term>” has the meaning given by paragraph <ref href="#d28e50068">10Z7A</ref><ref href="#d28e50072">(1)</ref>;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-justice-of-the-peace">justice of the peace</term>”, in relation to Northern Ireland, means lay magistrate;</p></content></hcontainer></quotedStructure><inline name="appendText">;</inline></mod></p><p><mod><quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="definition"><content><p>“<term refersTo="#term-terrorist-cryptoasset">terrorist cryptoasset</term>” has the meaning given by paragraph <ref href="#d28e50068">10Z7A</ref><ref href="#d28e50072">(1)</ref>;</p></content></hcontainer></quotedStructure><inline name="appendText">.</inline></mod></p></content></paragraph></part><part eId="schedule-10-part-2"><num>PART 2</num><heading>Amendments to the Terrorism Act 2000</heading><paragraph eId="schedule-10-paragraph-6" class="schProv1"><num>6</num><content><p>The Terrorism Act 2000 is amended as follows.</p></content></paragraph><paragraph eId="schedule-10-paragraph-7" class="schProv1"><num>7</num><intro><p>In Schedule 6 (financial information)—</p></intro><level class="para1" eId="schedule-10-paragraph-7-a"><num>(a)</num><intro><p>in paragraph 6(1) (meaning of financial institution)—</p></intro><level class="para2" eId="schedule-10-paragraph-7-a-i"><num>(i)</num><content><p>omit the “and” after paragraph (ha), and</p></content></level><level class="para2" eId="schedule-10-paragraph-7-a-ii"><num>(ii)</num><content><p><mod>after paragraph (i) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><level class="para1"><num>(j)</num><content><p>a cryptoasset exchange provider, and</p></content></level><level class="para1"><num>(k)</num><content><p>a custodian wallet provider.</p></content></level></quotedStructure><inline name="appendText">;</inline></mod></p></content></level></level><level class="para1" eId="schedule-10-paragraph-7-b"><num>(b)</num><content><p><mod>after paragraph 6(1AA) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><subparagraph><num>(1AB)</num><intro><p>For the purposes of sub-paragraph (1)(j), “<term refersTo="#term-cryptoasset-exchange-provider">cryptoasset exchange provider</term>” means a firm or sole practitioner who by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—</p></intro><level class="para1"><num>(a)</num><content><p>exchanging or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets,</p></content></level><level class="para1"><num>(b)</num><content><p>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another, or</p></content></level><level class="para1"><num>(c)</num><content><p>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets.</p></content></level></subparagraph><subparagraph><num>(1AC)</num><intro><p>For the purposes of sub-paragraph (1)(k), “<term refersTo="#term-custodian-wallet-provider">custodian wallet provider</term>” means a firm or sole practitioner who by way of business provides services to safeguard, or to safeguard and administer—</p></intro><level class="para1"><num>(a)</num><content><p>cryptoassets on behalf of its customers, or</p></content></level><level class="para1"><num>(b)</num><content><p>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets.</p></content></level></subparagraph><subparagraph><num>(1AD)</num><content><p>For the purposes of sub-paragraphs (1AB) and (1AC), “<term refersTo="#term-cryptoasset">cryptoasset</term>” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically.</p></content></subparagraph><subparagraph><num>(1AE)</num><intro><p>For the purposes of sub-paragraph (1AB)—</p></intro><level class="para1"><num>(a)</num><content><p>“<term refersTo="#term-cryptoasset">cryptoasset</term>” includes a right to, or interest in, the cryptoasset;</p></content></level><level class="para1"><num>(b)</num><intro><p>“<term refersTo="#term-money">money</term>” means—</p></intro><level class="para2"><num>(i)</num><content><p>money in sterling,</p></content></level><level class="para2"><num>(ii)</num><content><p>money in any other currency, or</p></content></level><level class="para2"><num>(iii)</num><content><p>money in any other medium of exchange,</p></content></level><wrapUp><p>but does not include a cryptoasset.</p></wrapUp></level></subparagraph><subparagraph><num>(1AF)</num><content><p>The Secretary of State may by regulations amend the definitions in sub-paragraphs (1AB) to (1AE).”</p></content></subparagraph></quotedStructure></mod></p></content></level></paragraph><paragraph eId="schedule-10-paragraph-8" class="schProv1"><num>8</num><content><p><mod>In section 123 (orders and regulations), after subsection (6ZE) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="double"><subsection><num>(6ZF)</num><content><p>Regulations under paragraph 6(1AF) of Schedule 6 may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</p></content></subsection></quotedStructure></mod></p></content></paragraph></part></hcontainer><hcontainer name="schedule" eId="schedule-11"><num>SCHEDULE 11<authorialNote class="referenceNote"><p>Section 193</p></authorialNote></num><heading>Economic crime offences</heading><hcontainer name="crossheading" class="schGroup7" eId="d28e56292"><heading>Common law offences</heading><paragraph eId="schedule-11-paragraph-1" class="schProv1"><num>1</num><content><p>Cheating the public revenue.</p></content></paragraph><paragraph eId="schedule-11-paragraph-2" class="schProv1"><num>2</num><content><p>Conspiracy to defraud.</p></content></paragraph><paragraph eId="schedule-11-paragraph-3" class="schProv1"><num>3</num><intro><p>In Scotland, the following offences at common law—</p></intro><level class="para1" eId="schedule-11-paragraph-3-a"><num>(a)</num><content><p>fraud;</p></content></level><level class="para1" eId="schedule-11-paragraph-3-b"><num>(b)</num><content><p>uttering;</p></content></level><level class="para1" eId="schedule-11-paragraph-3-c"><num>(c)</num><content><p>embezzlement;</p></content></level><level class="para1" eId="schedule-11-paragraph-3-d"><num>(d)</num><content><p>theft.</p></content></level></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e56343"><heading>Statutory offences</heading><paragraph eId="schedule-11-paragraph-4" class="schProv1"><num>4</num><intro><p>An offence under any of the following provisions of the Theft Act 1968—</p></intro><level class="para1" eId="schedule-11-paragraph-4-a"><num>(a)</num><content><p>section 1 (theft);</p></content></level><level class="para1" eId="schedule-11-paragraph-4-b"><num>(b)</num><content><p>section 17 (false accounting);</p></content></level><level class="para1" eId="schedule-11-paragraph-4-c"><num>(c)</num><content><p>section 19 (false statements by company directors etc);</p></content></level><level class="para1" eId="schedule-11-paragraph-4-d"><num>(d)</num><content><p>section 20 (suppression etc of documents);</p></content></level><level class="para1" eId="schedule-11-paragraph-4-e"><num>(e)</num><content><p>section 24A (dishonestly retaining a wrongful credit).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-5" class="schProv1"><num>5</num><intro><p>An offence under any of the following provisions of the Theft Act (Northern Ireland) 1969—</p></intro><level class="para1" eId="schedule-11-paragraph-5-a"><num>(a)</num><content><p>section 1 (theft);</p></content></level><level class="para1" eId="schedule-11-paragraph-5-b"><num>(b)</num><content><p>section 17 (false accounting);</p></content></level><level class="para1" eId="schedule-11-paragraph-5-c"><num>(c)</num><content><p>section 18 (false statements by company directors etc);</p></content></level><level class="para1" eId="schedule-11-paragraph-5-d"><num>(d)</num><content><p>section 19 (suppression etc of documents);</p></content></level><level class="para1" eId="schedule-11-paragraph-5-e"><num>(e)</num><content><p>section 23A (dishonestly retaining a wrongful credit).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-6" class="schProv1"><num>6</num><intro><p>An offence under any of the following provisions of the Customs and Excise Management Act 1979—</p></intro><level class="para1" eId="schedule-11-paragraph-6-a"><num>(a)</num><content><p>section 68 (offences in relation to exportation of prohibited or restricted goods);</p></content></level><level class="para1" eId="schedule-11-paragraph-6-b"><num>(b)</num><content><p>section 167 (untrue declarations etc);</p></content></level><level class="para1" eId="schedule-11-paragraph-6-c"><num>(c)</num><content><p>section 170 (fraudulent evasion of duty).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-7" class="schProv1"><num>7</num><content><p>An offence under the Forgery and Counterfeiting Act 1981 (forgery, counterfeiting and kindred offences).</p></content></paragraph><paragraph eId="schedule-11-paragraph-8" class="schProv1"><num>8</num><content><p>An offence under section 72 of the Value Added Tax Act 1994 (fraudulent evasion of VAT).</p></content></paragraph><paragraph eId="schedule-11-paragraph-9" class="schProv1"><num>9</num><content><p>An offence under section 46A of the Criminal Law (Consolidation) (Scotland) Act 1995 (false monetary instruments).</p></content></paragraph><paragraph eId="schedule-11-paragraph-10" class="schProv1"><num>10</num><intro><p>An offence under any of the following sections of the Financial Services and Markets Act 2000—</p></intro><level class="para1" eId="schedule-11-paragraph-10-a"><num>(a)</num><content><p>section 23 (contravention of prohibition on carrying on regulated activity unless authorised or exempt);</p></content></level><level class="para1" eId="schedule-11-paragraph-10-b"><num>(b)</num><content><p>section 25 (contravention of restrictions on financial promotion);</p></content></level><level class="para1" eId="schedule-11-paragraph-10-c"><num>(c)</num><content><p>section 85 (prohibition of dealing etc in transferable securities without approved prospectus);</p></content></level><level class="para1" eId="schedule-11-paragraph-10-d"><num>(d)</num><content><p>section 398 (misleading the FCA or PRA).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-11" class="schProv1"><num>11</num><intro><p>An offence under any of the following sections of the Terrorism Act 2000—</p></intro><level class="para1" eId="schedule-11-paragraph-11-a"><num>(a)</num><content><p>section 15 (fund-raising);</p></content></level><level class="para1" eId="schedule-11-paragraph-11-b"><num>(b)</num><content><p>section 16 (use and possession);</p></content></level><level class="para1" eId="schedule-11-paragraph-11-c"><num>(c)</num><content><p>section 17 (funding arrangements);</p></content></level><level class="para1" eId="schedule-11-paragraph-11-d"><num>(d)</num><content><p>section 18 (money laundering);</p></content></level><level class="para1" eId="schedule-11-paragraph-11-e"><num>(e)</num><content><p>section 63 (terrorist finance: jurisdiction).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-12" class="schProv1"><num>12</num><intro><p>An offence under any of the following sections of the Proceeds of Crime Act 2002—</p></intro><level class="para1" eId="schedule-11-paragraph-12-a"><num>(a)</num><content><p>section 327 (concealing etc criminal property);</p></content></level><level class="para1" eId="schedule-11-paragraph-12-b"><num>(b)</num><content><p>section 328 (arrangements facilitating acquisition etc of criminal property);</p></content></level><level class="para1" eId="schedule-11-paragraph-12-c"><num>(c)</num><content><p>section 329 (acquisition, use and possession of criminal property);</p></content></level><level class="para1" eId="schedule-11-paragraph-12-d"><num>(d)</num><content><p>section 330 (failing to disclose knowledge or suspicion of money laundering);</p></content></level><level class="para1" eId="schedule-11-paragraph-12-e"><num>(e)</num><content><p>section 333A (tipping off).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-13" class="schProv1"><num>13</num><intro><p>An offence under any of the following sections of the Companies Act 2006—</p></intro><level class="para1" eId="schedule-11-paragraph-13-a"><num>(a)</num><content><p>section 658 (general rule against limited company acquiring its own shares);</p></content></level><level class="para1" eId="schedule-11-paragraph-13-b"><num>(b)</num><content><p>section 680 (prohibited financial assistance);</p></content></level><level class="para1" eId="schedule-11-paragraph-13-c"><num>(c)</num><content><p>section 993 (fraudulent trading).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-14" class="schProv1"><num>14</num><intro><p>An offence under any of the following sections of the Fraud Act 2006—</p></intro><level class="para1" eId="schedule-11-paragraph-14-a"><num>(a)</num><content><p>section 1 (fraud);</p></content></level><level class="para1" eId="schedule-11-paragraph-14-b"><num>(b)</num><content><p>section 6 (possession etc of articles for use in frauds);</p></content></level><level class="para1" eId="schedule-11-paragraph-14-c"><num>(c)</num><content><p>section 7 (making or supplying articles for use in frauds);</p></content></level><level class="para1" eId="schedule-11-paragraph-14-d"><num>(d)</num><content><p>section 9 (participating in fraudulent business carried on by sole trader);</p></content></level><level class="para1" eId="schedule-11-paragraph-14-e"><num>(e)</num><content><p>section 11 (obtaining services dishonestly).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-15" class="schProv1"><num>15</num><intro><p>An offence under any of the following sections of the Bribery Act 2010—</p></intro><level class="para1" eId="schedule-11-paragraph-15-a"><num>(a)</num><content><p>section 1 (bribing another person);</p></content></level><level class="para1" eId="schedule-11-paragraph-15-b"><num>(b)</num><content><p>section 2 (being bribed);</p></content></level><level class="para1" eId="schedule-11-paragraph-15-c"><num>(c)</num><content><p>section 6 (bribery of foreign public officials);</p></content></level><level class="para1" eId="schedule-11-paragraph-15-d"><num>(d)</num><content><p>section 7 (failure of commercial organisations to prevent bribery).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-16" class="schProv1"><num>16</num><content><p>An offence under section 49 of the Criminal Justice and Licensing (Scotland) Act 2010 (possession, making or supplying articles for use in frauds).</p></content></paragraph><paragraph eId="schedule-11-paragraph-17" class="schProv1"><num>17</num><intro><p>An offence under any of the following sections of the Financial Services Act 2012—</p></intro><level class="para1" eId="schedule-11-paragraph-17-a"><num>(a)</num><content><p>section 89 (misleading statements);</p></content></level><level class="para1" eId="schedule-11-paragraph-17-b"><num>(b)</num><content><p>section 90 (misleading impressions);</p></content></level><level class="para1" eId="schedule-11-paragraph-17-c"><num>(c)</num><content><p>section 91 (misleading statements etc in relation to benchmarks).</p></content></level></paragraph><paragraph eId="schedule-11-paragraph-18" class="schProv1"><num>18</num><content><p>An offence under section 45 or 46 of the Criminal Finances Act 2017 (failure to prevent the facilitation of UK tax evasion offences or foreign tax evasion offences).</p></content></paragraph><paragraph eId="schedule-11-paragraph-19" class="schProv1"><num>19</num><content><p>An offence under regulation 86 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.</p></content></paragraph><paragraph eId="schedule-11-paragraph-20" class="schProv1"><num>20</num><content><p>An offence under regulations made under section 49 of the Sanctions and Anti-Money Laundering Act 2018 (money laundering and terrorist financing etc).</p></content></paragraph><paragraph eId="schedule-11-paragraph-21" class="schProv1"><num>21</num><content><p>An offence under section 199 of this Act (failure to prevent fraud).</p></content></paragraph><paragraph eId="schedule-11-paragraph-22" class="schProv1"><num>22</num><subparagraph eId="schedule-11-paragraph-22-1"><num>(1)</num><content><p>An offence under an instrument made under section 2(2) of the European Communities Act 1972 for the purpose of implementing, or otherwise in relation to, EU obligations created or arising by or under an EU financial sanctions Regulation.</p></content></subparagraph><subparagraph eId="schedule-11-paragraph-22-2"><num>(2)</num><content><p>An offence under an Act or under subordinate legislation where the offence was created for the purpose of implementing a UN financial sanctions Resolution.</p></content></subparagraph><subparagraph eId="schedule-11-paragraph-22-3"><num>(3)</num><content><p>An offence under paragraph 7 of Schedule 3 to the Anti-terrorism, Crime and Security Act 2001 (freezing orders).</p></content></subparagraph><subparagraph eId="schedule-11-paragraph-22-4"><num>(4)</num><content><p>An offence under paragraph 30 or 30A of Schedule 7 to the Counter-Terrorism Act 2008 where the offence relates to a requirement of the kind mentioned in paragraph 13 of that Schedule.</p></content></subparagraph><subparagraph eId="schedule-11-paragraph-22-5"><num>(5)</num><content><p>An offence under paragraph 31 of Schedule 7 to the Counter-Terrorism Act 2008.</p></content></subparagraph><subparagraph eId="schedule-11-paragraph-22-6"><num>(6)</num><content><p>An offence under regulations made under section 1 of the Sanctions and Anti-Money Laundering Act 2018 (sanctions regulations).</p></content></subparagraph><subparagraph eId="schedule-11-paragraph-22-7"><num>(7)</num><intro><p>In this paragraph—</p></intro><hcontainer name="definition"><content><p>“<term refersTo="#term-eu-financial-sanctions-regulation" eId="term-eu-financial-sanctions-regulation">EU financial sanctions Regulation</term>” and “<term refersTo="#term-un-financial-sanctions-resolution" eId="term-un-financial-sanctions-resolution">UN financial sanctions Resolution</term>” have the same meanings as in Part 8 of the Policing and Crime Act 2017 (see section 143 of that Act);</p></content></hcontainer><hcontainer name="definition"><content><p>“<term refersTo="#term-subordinate-legislation" eId="term-subordinate-legislation">subordinate legislation</term>” has the same meaning as in the Interpretation Act 1978.</p></content></hcontainer></subparagraph></paragraph></hcontainer></hcontainer><hcontainer name="schedule" eId="schedule-12"><num><noteRef href="#key-82dde727db9b149063cb5dd6ad0c8568" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>SCHEDULE 12<authorialNote class="referenceNote"><p>Section 196</p></authorialNote></num><heading>Criminal liability of bodies: economic crimes</heading><hcontainer name="crossheading" class="schGroup7" eId="d28e56819"><heading>Common law offences</heading><paragraph eId="schedule-12-paragraph-1" class="schProv1"><num>1</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-2" class="schProv1"><num>2</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-3" class="schProv1"><num>3</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph></hcontainer><hcontainer name="crossheading" class="schGroup7" eId="d28e56840"><heading>Statutory offences</heading><paragraph eId="schedule-12-paragraph-4" class="schProv1"><num>4</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-5" class="schProv1"><num>5</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-6" class="schProv1"><num>6</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-7" class="schProv1"><num>7</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-8" class="schProv1"><num>8</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-9" class="schProv1"><num>9</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-10" class="schProv1"><num>10</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-11" class="schProv1"><num>11</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-12" class="schProv1"><num>12</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-13" class="schProv1"><num>13</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-14" class="schProv1"><num>14</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-15" class="schProv1"><num>15</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-16" class="schProv1"><num>16</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-17" class="schProv1"><num>17</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-18" class="schProv1"><num>18</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-19" class="schProv1"><num>19</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph><paragraph eId="schedule-12-paragraph-20" class="schProv1"><num>20</num><content><p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p></content></paragraph></hcontainer></hcontainer><hcontainer name="schedule" eId="schedule-13"><num>SCHEDULE 13<authorialNote class="referenceNote"><p>Section 199</p></authorialNote></num><heading>Failure to prevent fraud: fraud offences</heading><hcontainer name="crossheading" class="schGroup7" eId="d28e56955"><heading>Common law offences</heading><paragraph eId="schedule-13-paragraph-1" class="schProv1"><num>1</num><content><p>Cheating the public revenue.</p></content></paragraph></hcontainer><paragraph eId="schedule-13-paragraph-2" class="schProv1"><num>2</num><intro><p>In Scotland, the following offences at common law—</p></intro><level class="para1" eId="schedule-13-paragraph-2-a"><num>(a)</num><content><p>fraud;</p></content></level><level class="para1" eId="schedule-13-paragraph-2-b"><num>(b)</num><content><p>uttering;</p></content></level><level class="para1" eId="schedule-13-paragraph-2-c"><num>(c)</num><content><p>embezzlement.</p></content></level></paragraph><hcontainer name="crossheading" class="schGroup7" eId="d28e56992"><heading>Statutory offences</heading><paragraph eId="schedule-13-paragraph-3" class="schProv1"><num>3</num><intro><p>An offence under any of the following provisions of the Theft Act 1968—</p></intro><level class="para1" eId="schedule-13-paragraph-3-a"><num>(a)</num><content><p>section 17 (false accounting);</p></content></level><level class="para1" eId="schedule-13-paragraph-3-b"><num>(b)</num><content><p>section 19 (false statements by company directors etc).</p></content></level></paragraph></hcontainer><paragraph eId="schedule-13-paragraph-4" class="schProv1"><num>4</num><intro><p>An offence under any of the following provisions of the Theft Act (Northern Ireland) 1969—</p></intro><level class="para1" eId="schedule-13-paragraph-4-a"><num>(a)</num><content><p>section 17 (false accounting);</p></content></level><level class="para1" eId="schedule-13-paragraph-4-b"><num>(b)</num><content><p>section 18 (false statements by company directors etc).</p></content></level></paragraph><paragraph eId="schedule-13-paragraph-5" class="schProv1"><num>5</num><content><p>An offence under section 993 of the Companies Act 2006 (fraudulent trading).</p></content></paragraph><paragraph eId="schedule-13-paragraph-6" class="schProv1"><num>6</num><intro><p>An offence under any of the following provisions of the Fraud Act 2006—</p></intro><level class="para1" eId="schedule-13-paragraph-6-a"><num>(a)</num><content><p>section 1 (fraud);</p></content></level><level class="para1" eId="schedule-13-paragraph-6-b"><num>(b)</num><content><p>section 9 (participating in fraudulent business carried on by sole trader);</p></content></level><level class="para1" eId="schedule-13-paragraph-6-c"><num>(c)</num><content><p>section 11 (obtaining services dishonestly).</p></content></level></paragraph></hcontainer></hcontainer>