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The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022

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Art market participants

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7.  In regulation 14 (art market participants)(1)—

(a)in paragraph (1)(d), after “means” insert “, subject to paragraph (3),”;

(b)after paragraph (2) insert—

(3) A firm or sole practitioner is not an art market participant for the purposes of paragraph (1)(d)(i) in relation to the sale of a work of art which is created by, or is attributable to, a member of the firm or the sole practitioner..

(1)

The definition of art market participant was inserted by S.I. 2019/1511.

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