SCHEDULES
SCHEDULE 7Consequential Amendments
PART 1Consequential Amendments to Primary Legislation
Terrorism Act 20004
1
The Terrorism Act 2000 M1 is amended as follows.
2
In section 21G (other permitted disclosures etc), in subsection (1)(a), for “the Money Laundering Regulations 2007 (S.I. 2007/2157)” substitute “
the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017
”
.
3
In section 21H(4), for the words from “Directive 2005/60/EC” to “2005” substitute “
Directive 2015/849/EU of the European Parliament and of the Council of 20th May 2015 M2
”
.
4
Part 1 of Schedule 3A M3 (business in the regulated sector) is amended in accordance with sub-paragraphs (5) to (10).
5
In paragraph 1(1)—
a
in paragraph (b) M4—
i
at the end of sub-paragraph (i), omit “or”;
ii
after sub-paragraph (i), insert—
ia
an undertaking whose only listed activity is as a creditor under an agreement which—
aa
falls within section 12(a) of the Consumer Credit Act 1974 M5 (debtor-creditor-supplier agreements);
bb
provides fixed sum credit (within the meaning given in section 10(1)(b) of the Consumer Credit Act 1974 (running-account credit and fixed-sum credit)) in relation to the provision of services; and
cc
provides financial accommodation by way of deferred payment or payment by instalments over a period not exceeding 12 months; or
b
after paragraph (j) M6, insert—
ja
the carrying on of local audit work within the meaning of Schedule 5 to the Local Audit and Accountability Act 2014 (eligibility and regulation of local auditors) by any firm or individual who is a local auditor within the meaning of section 4(1) of that Act (general requirements for audit);
c
in paragraph (q)—
i
after “involves the” insert “
making or
”
;
ii
for “15,000” substitute “
10,000
”
.
6
In paragraph 1(5)(b), omit “contained in international standards and are”.
7
In paragraph 1(6) M7, at the end of paragraph (c) for “or” substitute “
and
”
.
8
In paragraph 2(1)—
a
in paragraph (c) for “25” substitute “
26
”
;
b
in paragraph (d), at the end, omit “or”;
c
at the end, insert—
g
the carrying on by a local authority (within the meaning given in article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001) M8 of an activity which would be a regulated activity for the purposes of the Financial Services and Markets Act 2000 but for article 72G of that Order; or
h
the preparation of a home report, which for these purposes means the documents prescribed for the purposes of sections 98, 99(1) or 101(2) of the Housing (Scotland) Act 2006 M9.
9
In paragraph 2(3)—
a
in paragraph (a), for “£64,000” substitute “£100,000;
b
in paragraph (f), after “(r)” insert “
to (t)
”
.
10
In paragraph 3—
a
in sub-paragraph (1), at the appropriate place insert—
“the Capital Requirements Directive” means Directive 2013/36/EU of the European Parliament and of the Council of 26th June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms M10;
b
in sub-paragraph (3)—
i
after “Capital Requirements Regulation” insert “
, the Capital Requirements Directive
”
;
ii
after “Part as” insert “
in that Regulation or
”
.
11
In Part 2 of Schedule 3A M11 (supervisory authorities), in paragraph 4—
a
in sub-paragraph (1), omit paragraphs (b), (ea) and (f) (but not the “and” after paragraph (f));
b
in sub-paragraph (2)—
i
after paragraph (d), insert—
da
the Chartered Institute of Legal Executives;
ii
omit paragraph (f).