OJ L 337, 23.12.2015, p.35.

1911 c.6.

1967 c.80.

1970 c.9. Section 20BB was inserted by section 145(1) of the Finance Act 1989 (c.26), and amended by section 149(3) of the Finance Act 2000 (c.17), paragraph 69 of Schedule 36 to the Finance Act 2008 (c.9), and paragraph 46 of Schedule 38 to the Finance Act 2012 (c.14), and by S.I. 2009/56.

1972 c.68.

S.I. 1979/1714 (N.I. 19).

1979 c.2.

S.I. 1991/1091, amended by S.I. 1992/2833.

1981 c.45.

1985 c.61. Section 35 was amended by paragraph 25 of Schedule 17 and Schedule 23 to the Legal Services Act 2007 (c.29)

1986 c.46.

1990 c.18. Section 1 was amended by s.35 of the Police and Justice Act 2006 (c.48) and paragraph 7 of Schedule 4 to the Serious Crime Act 2015 (c.9). Section 2 was amended by paragraph 17 of Schedule 14 to the Police and Justice Act 2006 (c.48) and paragraph 7 of Schedule 4 to the Serious Crime Act 2015. Section 3 was amended by section 36 of the Police and Justice Act 2006 (c.48), and paragraph 7 of Schedule 4 to the Serious Crime Act 2015. Section 3ZA was inserted by section 41(2) of the Serious Crime Act 2015. Section 3A was inserted by section 37 of the Police and Criminal Justice Act 2006 (c.48) and amended by section 41 and 42 of and paragraphs 7 and 8 of Schedule 4 to the Serious Crime Act 2015.

1992 c.5. Section 112 was amended by paragraph 4 of Schedule 1 to the Social Security Administration (Fraud) Act 1997 (c.47), paragraph 6 of Schedule 6 and paragraph 1 of Schedule 9 to the Child Support, Pensions and Social Security Act 2000 (c.19) and by section 16(3) of the Social Security Fraud Act 2001 (c.11). Section 114 was amended by section 61 of the Social Security Act 1998 (c.14).

1993 c.36.

1994 c.23.

1995 c.39.

1998 c.29.

2000 c.11.

2001 c.24.

S.I. 2001/3641.

S.I. 2003/3075.

S.I. 2007/2157.

2002 c.21. Section 35 was amended by section 124 of the Welfare Reform Act 2012 (c.5), and will be repealed when Schedule 14 to that Act comes into force.

2002 c. 29.

2005 c.11.

2006 c.11.

2010 c.23.

2015 c.9.

2016 c.25.

2017 c.22.

Schedule 7A was inserted by section 48 of the Crime and Courts Act 2013 (c.22).

2000 c.11.

2002 c. 29.

1980 c.46. Subsection (1A) was inserted by paragraph 12 of Schedule 1 to the Law Reform (Miscellaneous Provisions) (Scotland) Act 1985 (c.73). Subsections (1B) and (1C) were inserted by S.S.I. 2004/383, and amended by section 31(3)(a) of the Law Reform (Miscellaneous Provisions) (Scotland) Act 1990 (c.40), and section 124(2) of the Legal Services (Scotland) Act 2010 (asp 16).

1998 c. 47.

S.I. 2007/2157.

2000 c. 8.

Part 20C was inserted by section 30 of the Bank of England and Financial Service Act 2016 (c.14).

2000 c. 11.

OJ No L 141, 05.06.15, p. 73.

2000 c.11. Part 1 of Schedule 3A was substituted by S.I. 2007/3288. Paragraph 1 of that Schedule was amended by S.I. 2011/99, 2013/3115 and 2015/575. Paragraph 3 of that Schedule was amended by S.I. 2011/2701, 2013/3115 and 2015/575.

Paragraph (b) was amended by S.I. 2011/99 and 2013/3115.

1974 c.39.

Paragraph (j) was amended by S.I. 2008/948.

Paragraph 1(6) was substituted by S.I. 2016/680.

S.I. 2001/544. Article 72G was inserted by S.I. 2014/366.

2006 asp 1.

OJ L 176, 27.6.2013, p.338.

2000 c.11. Part 2 of Schedule 3A was substituted by S.I. 2007/3288. Paragraph 4 was amended by paragraph 87(1), (2)(a) and (b) of Schedule 18 to the Financial Services Act 2012 (c.21), and by S.I. 2014/892.

2001 c. 16.

S.I. 2007/2157.

2002 c. 29.

OJ L 309, 25.11. 05, p.15.

OJ L 141, 05.06.15, p.73.

2002 c.29. Part 1 of Schedule 9 was substituted by S.I. 2007/3287. Paragraph 1 of that Schedule was amended by S.I. 2011/99, 2013/3115 and 2015/575. Paragraph 3 of that Schedule was amended by S.I. 2011/2701, 2013/3115 and 2015/575.

Paragraph (b) was amended by S.I. 2011/99 and 2013/3115.

1974 c.39.

2014 c.2.

Paragraph 1(6) was amended by S.I. 2016/680.

S.I. 2001/544. Article 3(1) was amended, but the amendments are not relevant to these Regulations.

Article 72G was inserted by S.I. 2014/366, and amended by S.I. 2015/910 and 2016/392.

2006 asp.1.

OJ L 176, 27.6.2013, p.338.

2008 c.28.

2009 c. 11.

OJ L 309, 25.11. 05, p.15.

OJ L 141, 05.06.15, p.73.

OJ L 345, 8.12. 06, p.1.

2013 c. 22.

2014 c. 26.

2016 c. 14.

S.I. 1991/1032.

S.I. 1999/401. The Schedule was substituted by S.R. (N.I.) 2014 No 48. There are other amendments which are not relevant to these Regulations.

S.I. 2001/192. The definition of “relevant business” was amended by S.I. 2003/3075, 2007/2157.

S.I. 2001/341. Regulation 114(3)(b)was amended by S.I. 2003/3075, 2007/2157, 2013/472.

S.I. 2001/497 (S.2). Regulation 113(3)(b) was amended by S.I. 2003/3075, 2007/2157, 2013/472.

S.I. 2001/544. Regulation 72E was inserted by S.I. 2005/1518, and paragraph (9) was amended by S.I. 2007/2157.

S.I. 2007/2157.

S.I. 2001/1228.

S.I. 2003/93. Article 3(d) was amended by S.I. 2007/2157 and S.S.I. 2014/49.

S.I. 2003/171. Article 2 was amended by S.I. 2007/2157.

S.I. 2007/3544. The references to Her Majesty's Revenue and Customs and a professional body were amended by S.I. 2009/2981. There are other amendments to the Schedule which are not relevant to these Regulations.

S.I. 2008/1741.

S.I. 2009/56.

S.I. 2009/209.

Regulation 2(1) was amended, but those amendments are not relevant to these Regulations.

OJ L 345, 8.12.2006, p.1.

OJ L 141, 05.06.2015, p.1.

2000 c. 8.

Paragraph 10(h) was amended by S.I. 2015/1911.

S.I. 2009/214. Paragraph 7(b) was amended by S.I. 2013/472.

OJ L 309, 25.11. 05, p15.

OJ L 141, 05.06.15, p73.

S.I. 2009/1801. Paragraph 7(b) was amended by S.I. 2013/472.

S.I. 2011/1848.

S.I. 2011/99.

OJ No L 309, 25.11. 05, p15.

OJ No L 141, 05.06.15, p73.

OJ No L 345, 8.12. 06, p1.

OJ L 141, 05.06.2015, p.1.

S.I. 2012/2299.

OJ L 141, 05.06.15, p.73.

S.I. 2013/418.

S.I. 2014/2418. There are amendments to the Schedule, but they are not relevant to these Regulations.

S.I. 2015/1694.

OJ L 309, 25.11. 05, p.15.

S.I. 2015/2038.

S.I. 2016/339.

S.I. 2017/267.

Sch. 3 para. 27A inserted (25.5.2018) by Data Protection Act 2018 (c. 12), s. 212(1), Sch. 19 para. 419 (with ss. 117, 209, 210); S.I. 2018/625, reg. 2(1)(g)

2000 c. 11.

2002 c. 29.

Sections 339ZH-339ZK (further information orders) were inserted into Part 7 by section 12 of the Criminal Finances Act 2017 (c. 22) (“the 2017 Act”). Other amendments have been made to Part 7 but none are relevant.

Sections 362A-362I (unexplained wealth orders: England and Wales and Northern Ireland) and 396A-396I (unexplained wealth orders: Scotland) were inserted into Part 8 by sections 1 and 4 of the 2017 Act. Sections 357, 358 and 362 (disclosure orders: England and Wales and Northern Ireland) and sections 391, 392 and 396 (disclosure orders: Scotland) were amended by sections 7 and 8 of the 2017 Act. Other amendments have been made to Part 8 but none are relevant.

Section 445 was amended by section 24(3) of the 2017 Act.

Part 3 was amended by Schedule 2 (disclosure orders) to the 2017 Act. Sections 22B-22E (further information orders) were inserted into Part 3 by section 37 of the 2017 Act. Other amendments have been made to Part 3 but none are relevant.

Section 341 is amended by section 75(1) of the Serious Crime Act 2007 (c. 27); paragraph 2 of Schedule 19 to the Coroners and Justice Act 2009 (c. 25); paragraph 110 of Schedule 7 to the Policing and Crime Act 2009 (c. 26); paragraphs 2 and 25 of Schedule 19 to the Crime and Courts Act 2013 (c. 22); section 38(1) of, and paragraph 55 of Schedule 4 to, the Serious Crime Act 2015 (c. 9); and section 33 of, and paragraph 39 of Schedule 5 to, the Criminal Finances Act 2017 (“the 2017 Act”).

Schedule 5 was inserted by paragraphs 3 and 4 of Schedule 2 to the 2017 Act.

Sch. 6A inserted (10.1.2020) by The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (S.I. 2019/1511), regs. 1(2), 13

Sch. 4 para. 19 inserted (10.1.2020) by The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (S.I. 2019/1511), regs. 1(2), 11(b)

Sch. 4 para. 12A inserted (10.1.2020) by The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (S.I. 2019/1511), regs. 1(2), 11(a)

Sch. 6 para. 7(da) inserted (10.1.2020) by The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (S.I. 2019/1511), regs. 1(2), 12(a)

Sch. 6 para. 10(c) inserted (10.1.2020) by The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (S.I. 2019/1511), regs. 1(2), 12(c)

Sch. 6 para. 12(ca)-(cc) inserted (10.1.2020) by The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (S.I. 2019/1511), regs. 1(2), 12(d)

Sch. 6 para. 9A inserted (10.9.2020) by The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (S.I. 2019/1511), regs. 1(4), 12(b)

Sch. 3A inserted (6.10.2020) by The Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/991), regs. 1(2), 11

Words in Sch. 6 para. 9(c) substituted (6.10.2020) by The Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/991), regs. 1(2), 12(a)

Sch. 6 para. 9(d) inserted (6.10.2020) by The Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/991), regs. 1(2), 12(b)

Sch. 6 para. 5(a)(v) omitted (31.12.2020) by virtue of The Money Laundering and Transfer of Funds (Information) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/253), regs. 1(2), 11(3) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

Words in Sch. 6 para. 1(c)(i) substituted (22.4.2021) by The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/494), regs. 1(2), 8(6)(a)

Words in Sch. 6 para. 1(c)(ii) substituted (22.4.2021) by The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/494), regs. 1(2), 8(6)(b)

Sch. 3ZA substituted (2.11.2021) by The Money Laundering and Terrorist Financing (Amendment) (No. 3) (High-Risk Countries) Regulations 2021 (S.I. 2021/1218), regs. 1(2), 2(2)

Sch. 3A para. 6A inserted (9.3.2022) by The Money Laundering and Terrorist Financing (Amendment) Regulations 2022 (S.I. 2022/137), regs. 1, 5(b)

Sch. 3A para. 4 substituted (9.3.2022) by The Money Laundering and Terrorist Financing (Amendment) Regulations 2022 (S.I. 2022/137), regs. 1, 5(a)

http://www.legislation.gov.uk/uksi/2017/692/schedules/2022-03-09The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017texttext/xmlenStatute Law DatabaseFINANCIAL SERVICES2024-09-07Expert Participation2022-03-09These Regulations replace the Money Laundering Regulations 2007 (S.I. 2007/2157) and the Transfer of Funds (Information on the Payer) Regulations 2007 (S.I. 2007/3298) with updated provisions that implement in part the Fourth Money Laundering Directive 2015/849/EU (“fourth money laundering directive”) of the European Parliament and of the Council of 20th May 2015 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing (OJ L 141, 05.06.2015, p.73) and the Funds Transfer Regulation 2015/847/EU (“funds transfer regulation”) of the European Parliament and of the Council of 20th May 2015 on information accompanying transfers of funds (OJ L 141, 05.06.2015, p.1).SCHEDULESSCHEDULE 1

Regulation 7(1)(b)

Professional Bodies1

Association of Accounting Technicians

2

Association of Chartered Certified Accountants

3

Association of International Accountants

4

Association of Taxation Technicians

5

Chartered Institute of Legal Executives

6

Chartered Institute of Management Accountants

7

Chartered Institute of Taxation

8

Council for Licensed Conveyancers

9

Faculty of Advocates

10

Faculty Office of the Archbishop of Canterbury

11

General Council of the Bar

12

General Council of the Bar of Northern Ireland

13

Insolvency Practitioners Association

14

Institute of Certified Bookkeepers

15

Institute of Chartered Accountants in England and Wales

16

Institute of Chartered Accountants in Ireland

17

Institute of Chartered Accountants of Scotland

18

Institute of Financial Accountants

19

International Association of Bookkeepers

20

Law Society

21

Law Society of Northern Ireland

22

Law Society of Scotland

SCHEDULE 2

Regulation 10(4)

Activities listed in points 2 to 12, 14 and 15 of Annex I to the Capital Requirements Directive

The activities listed in points 2 to 12, 14 and 15 of Annex I to the Capital Requirements Directive are—

2

Lending including, inter alia: consumer credit, credit agreements relating to immovable property, factoring, with or without recourse, financing of commercial transactions (including forfeiting).

3

Financial leasing.

4

Payment services as defined in point (3) of Article 4 of Directive 2015/2366/EU .

5

Issuing and administering other means of payment (e.g. travellers' cheques and bankers' drafts) insofar as such activity is not covered by point 4.

6

Guarantees and commitments.

7

Trading for own account or for account of customers in any of the following:

a

money market instruments (cheques, bills, certificates of deposit, etc.);

b

foreign exchange;

c

financial futures and options;

d

exchange and interest-rate instruments;

e

transferable securities.

8

Participation in securities issues and the provision of services relating to such issues.

9

Advice to undertakings on capital structure, industrial strategy and related questions and advice as well as services relating to mergers and the purchase of undertakings.

10

Money broking.

11

Portfolio management and advice.

12

Safekeeping and administration of securities.

14

Safe custody services.

15

Issuing electronic money.

SCHEDULE 3

Regulation 26(14)

Relevant Offences1

An offence under the Perjury Act 1911 .

2

An offence under section 89 of the Criminal Justice Act 1967 (false written statements tendered in evidence) .

3

An offence under section 20BB of the Taxes Management Act 1970 (falsification of documents) .

4

An offence under section 11 of the European Communities Act 1972 (EU offences) .

5

An offence under Article 10 of the Perjury (Northern Ireland) Order 1979 (false statutory declarations and other false unsworn statements) .

6

An offence under the Customs and Excise Management Act 1979 .

7

An offence under the Estate Agency Act 1979, or specified for the purposes of section 3 of that Act in the Estate Agents (Specified Offences) (No 2) Order 1991 .

8

An offence under any of sections 1 to 5 of the Forgery and Counterfeiting Act 1981 (counterfeiting offences).

9

An offence under section 35 of the Administration of Justice Act 1985 (penalty for pretending to be a licensed conveyancer or recognised body) .

10

An offence under section 11(1) (undischarged bankrupts) or 13 (criminal penalties) of the Company Directors Disqualification Act 1986 .

11

An offence under section 1, 2, 3, 3ZA or 3A of the Computer Misuse Act 1990 (computer misuse offences).

12

An offence under section 112 (false representations or obtaining benefit) or 114 (offences relating to contributions) of the Social Security Administration Act 1992 .

13

An offence under section 52 of the Criminal Justice Act 1993 (the offence of insider dealing).

14

An offence under the Value Added Tax Act 1994 .

15

An offence under section 44(2) of the Criminal Law (Consolidation) (Scotland) Act 1995 (false statement and declarations) .

16

An offence under the Data Protection Act 1998 .

17

An offence under the Terrorism Act 2000 .

18

An offence under paragraph 7(2) or (3) of Schedule 3 to the Anti-Terrorism, Crime and Security Act 2001 (offences).

19

An offence under the Money Laundering Regulations 2001 , the Money Laundering Regulations 2003 , the Money Laundering Regulations 2007 or under these Regulations.

20

An offence under section 35 of the Tax Credits Act 2002 (offence of fraud).

21

An offence under Part 7 (money laundering) or Part 8 (investigations) of, or listed in Schedule 2 (lifestyle offences: England and Wales), 4 (lifestyle offences: Scotland) or 5 (lifestyle offences: Northern Ireland) to, the Proceeds of Crime Act 2002 .

22

An offence under the Commissioners for Revenue and Customs Act 2005 .

23

An offence under the Terrorism Act 2006 .

24

An offence under section 1, 2, 6 or 7 of the Bribery Act 2010 (bribery).

25

An offence under section 45 of the Serious Crime Act 2015 (offence of participating in activities of organised crime gang).

26

An offence under Parts 1 (general privacy protections); 2 (lawful interception of communications), 3 (authorisations for obtaining communications data), 5 (equipment interference), 6 (bulk warrants) and 7 (bulk personal dataset warrants) of the Investigatory Powers Act 2016 .

27

An offence under section 45 (failure to prevent facilitation of UK tax evasion offences) or 46 (failure to prevent facilitation of foreign tax evasion offences) of the Criminal Finances Act 2017 .

27A

An offence under the Data Protection Act 2018, apart from an offence under section 173 of that Act.

28

An offence of cheating the public revenue.

29

An offence under the law of any part of the United Kingdom consisting of being knowingly concerned in, or in taking steps with a view to, the fraudulent evasion of tax.

30

Any offence which has deception or dishonesty as one of its components.

31

The common law offences of conspiracy to defraud and perverting the course of justice.

32

An offence of attempting, conspiring or inciting the commission of an offence specified in this Schedule.

33

An offence under section 44 of the Serious Crime Act 2007 of doing an act capable of encouraging or assisting the commission of an offence specified in this Schedule.

34

An offence of aiding, abetting, counselling or procuring the commission of an offence specified in this Schedule.

35

An act which—

a

constituted an offence under the law of a foreign country, and

b

would have constituted an offence under any of paragraphs 1 to 34 under the law of any part of the United Kingdom if it had been done—

i

in that part of the United Kingdom;

ii

by a person who is linked to part of the United Kingdom (within the meaning of paragraph 5(3) of Schedule 7A to the Proceeds of Crime Act 2002 (connection with relevant part of the United Kingdom) ); or

iii

as regards the United Kingdom.

SCHEDULE 3ZA

Regulation 33(3)

High-Risk Third Countries1

Albania

2

Barbados

3

Burkina Faso

4

Cambodia

5

Cayman Islands

6

Democratic People’s Republic of Korea

7

Haiti

8

Iran

9

Jamaica

10

Jordan

11

Mali

12

Malta

13

Morocco

14

Myanmar

15

Nicaragua

16

Pakistan

17

Panama

18

Philippines

19

Senegal

20

South Sudan

21

Syria

22

Turkey

23

Uganda

24

Yemen

25

Zimbabwe

SCHEDULE 3A

Regulation 42

Excluded Trusts1Legislative Trusts

A trust imposed or required by an enactment.

2Trusts imposed by court order

A trust created by, or in order to satisfy the terms of, an order of a court or tribunal.

3Pension scheme trusts

A trust holding sums or assets of a pension scheme which is a registered pension scheme for the purposes of Part 4 of the Finance Act 2004.

4Trusts of insurance policies1

A trust of a life policy paying out only—

a

on the death, terminal or critical illness, or permanent or temporary disablement of the person assured; or

b

to meet the cost of healthcare services provided to the person assured.

2

A trust of an insurance policy paying out only—

a

on the temporary disablement of the person assured, where that policy was applied for at the same time as a policy under sub-paragraph (1); or

b

to meet the cost of healthcare services provided to the person assured.

3

A trust of the benefits payable on the death of the person assured under a retirement policy.

5Charitable trusts

A trust for charitable purposes which—

a

in Scotland or Northern Ireland, is registered as a charity; or

b

in England and Wales, is registered as a charity or not required to register by virtue of section 30(2)(a) to (d) of the Charities Act 2011.

6Pilot trusts

A trust which—

a

holds property with a value not exceeding £100, and

b

was created before the date on which regulation 42(2)(iii) of these Regulations comes into force.

6ABank accounts for minors etc1

A trust which is created as a requirement of opening a relevant account for the sole benefit of—

a

a person under the age of 18;

b

a person who lacks capacity within the meaning of section 2 of the Mental Capacity Act 2005;

c

a person who is incapable within the meaning of section 1 of the Adults with Incapacity (Scotland) Act 2000; or

d

a person who is incapable of managing and administering the person’s property and affairs, by reason of mental disorder within the meaning of Article 3(1) of the Mental Health (Northern Ireland) Order 1986.

2

In this paragraph—

relevant account” means an account, consisting only of a sum of money, held with an authorised Part 4A person carrying on by way of business the activity specified in article 5 (accepting deposits) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;

authorised Part 4A person” means an authorised person who has a Part 4A permission, within the meaning given to that term in section 55A(5) of FSMA, to carry on that specified activity.

Trusts having effect on death71

A trust effected by will where—

a

the trust is holding only the property comprised in a person’s estate on death, and

b

less than two years has passed since that person’s death.

2

In this paragraph, a person’s “estate” means the aggregate of all the property to which that person is beneficially entitled.

8

A trust where—

a

the trust is holding only benefits received on the death of the person assured under a policy within paragraph 4, and

b

less than two years has passed since that person’s death.

9Co-ownership

A trust of jointly held property where the trustees and the beneficiaries are the same persons.

10Financial markets infrastructure1

A trust—

a

created under, or for the purpose of, the default arrangements of a designated system or of the default rules of a recognised body, or for the purpose of any action or proceedings taken by or for such a system or body under such arrangements or rules;

b

relating to the creation of a beneficial interest in securities belonging to a person whose name and address are maintained on a register of securities (within the meaning of regulation 3(1) of the Uncertificated Securities Regulations 2001); or

c

created by or for a segregating entity—

i

for the purpose of protecting sums or assets belonging to the segregating entity’s clients; or

ii

for the purpose of complying with a legal obligation to safeguard and segregate sums or assets belonging to the segregating entity’s clients or to keep separate client records and accounts.

2

In this paragraph—

“clearing member” and “default rules” have the meanings given, respectively, in sections 190(1) and 188 of the Companies Act 1989;

“default arrangements”, “designated system” and “participant” have the meanings given in regulation 2(1) of the Financial Markets and Insolvency (Settlement Finality) Regulations 1999;

“recognised body” and “recognised central counterparty” have the meanings given in section 313 of FSMA;

“segregating entity” means—

a

an authorised person;

b

a clearing member of a recognised central counterparty;

c

a participant in a designated system;

d

a designated system; or

e

a recognised body.

11Professional services

A trust created for the purpose of enabling or facilitating the holding of sums, assets or (in the case of sub-paragraph (c)), documents, belonging to a person other than the trustee, in connection with which sums, assets or documents the trustee is—

a

carrying on by way of business the activity specified in article 40 (safeguarding and administering investments) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;

b

acting by way of business as the trustee of an authorised unit trust scheme (and for this purpose “trustee” and “authorised unit trust scheme” have the meanings given in section 237 of FSMA); or

c

acting by way of business as an agent holding sums, assets or documents in escrow until the performance of a contractual condition agreed between two or more other persons, including the person for whom the sums, assets or documents are being held.

12Client money etc.

A trust created by a relevant supervised person for the purpose of holding client money, securities or other assets, where that trust is incidental to the carrying on of business by the relevant supervised person.

13Capital markets etc.

A trust created for the purpose of enabling or facilitating an activity listed in points 2, 3, 6, 7 or 8 of Annex 1 to the capital requirements directive as set out in Schedule 2, or for protecting or enforcing rights relating to that activity, where—

a

one or more of the participants in that activity is a relevant supervised person, and

b

the use of the trust is incidental to the principal purpose of that activity.

14Commercial transactions

A trust created for the purpose of—

a

enabling or facilitating a transaction effected for genuine commercial reasons; or

b

protecting or enforcing rights relating to such a transaction,

where the use of the trust is incidental to the principal purpose of the transaction.

15Registration of assets

A trust created on the transfer or disposal of an asset where the purpose of the trust is to hold the legal title to the asset on trust for the person to whom the transfer or disposal is being made until the time when the procedure required by law to effect the transfer or disposal of legal title is completed.

Trusts meeting legislative requirements16

A trust holding property to which section 71A or 71D of the Inheritance Tax Act 1984 applies.

17

A trust of property in respect of which a direction under paragraph 1 of Schedule 4 to the Inheritance Tax Act 1984 has effect.

18

A trust of funds derived from a payment—

a

made for the benefit of a person in consequence of a personal injury to that person, and

b

disregarded from capital under regulation 46(2) of, and paragraph 12 of Schedule 10 to, the Income Support (General) Regulations 1987.

19

A trust holding tenants’ contributions for the purposes of section 42 of the Landlord and Tenant Act 1987.

20

The plan trust of a share incentive plan which meets the requirements of Part 9 of Schedule 2 to the Income Tax (Earnings and Pensions) Act 2003.

21

A trust created under a share option scheme that meets the requirements of Parts 2 to 7 of Schedule 3 to the Income Tax (Earnings and Pensions) Act 2003.

22

A trust holding property for a beneficiary who is a disabled person within the meaning given by Schedule 1A to the Finance Act 2005.

23Public authorities

A trust created for the purposes of enabling or assisting—

a

a public authority, within the meaning of section 3(1) of the Freedom of Information Act 2000, or a body specified in section 80(2) of that Act;

b

a Scottish public authority, within the meaning of section 3(1) of the Freedom of Information (Scotland) Act 2002;

c

the Security Service, the Secret Intelligence Service, the Government Communications Headquarters or the National Crime Agency; or

d

the Welsh Assembly Government,

to carry out its functions, including any functions as a court or tribunal and, in the case of the Bank of England, any of its functions as a monetary authority within the meaning of section 244(2)(c) of the Banking Act 2009.

24Interpretation

In this Schedule, “relevant supervised person” means—

a

a relevant person; or

b

a person who is subject to requirements in national legislation having an equivalent effect to those laid down in the fourth money laundering directive on an obliged entity (within the meaning of that directive) and supervised for compliance with those requirements in a manner equivalent to section 2 of Chapter VI of the fourth money laundering directive.

SCHEDULE 4

Regulation 51(1)

Supervisory Information1

The number of persons subject to the supervision of the supervisory authority, or in the case of a self-regulatory organisation, the number of its members (“supervised persons”).

2

The number of supervised persons who are individuals.

3

In the case of a self-regulatory organisation, the number of its supervised persons who act as trust or company service providers.

4

In the case of a self-regulatory organisation, the number of applications for membership which the organisation has—

a

received,

b

rejected, and

c

accepted.

5

The services provided by supervised persons.

6

The number of firms subject to the supervision of the supervisory authority which the authority considers to be—

a

high risk;

b

medium risk;

c

low risk;

and for these purposes, “risk” refers to the risk that the firm will be subject to money laundering or terrorist financing.

7

The number of applications for approval received by the supervisory authority under regulation 26, and the number of those that—

a

were refused;

b

were accepted;

c

are to be determined.

8

The number of approvals under regulation 26 which were not valid, or ceased to be valid under paragraph (9) of that regulation.

9

In the case of a self-regulatory organisation, the number, amount and type of disciplinary measures it has imposed in relation to contraventions of these Regulations on supervised persons.

10

The number of times the supervisory authority has—

a

refused to register an applicant for registration under regulation 59; or

b

exercised any powers under regulation 60.

11

The number of times the supervisory authority has exercised any powers under Part 8.

12

The number of contraventions of these Regulations committed by supervised persons.

12A

The number of contraventions of these Regulations identified upon exercise of the powers under Part 8.

13

The number and amount of penalties or charges which have been imposed under Part 9.

14

The number of times the supervisory authority has exercised the other powers under Part 9.

15

The number of times the supervisory authority or any of its supervised persons has made a suspicious activity disclosure to the NCA, and for these purposes, “suspicious activity disclosure” has the meaning given in regulation 104(4).

16

The number of supervised persons who have contravened requirements imposed by or under—

a

Part 3 of the Terrorism Act 2000 (terrorist property) , or

b

Part 7 (money laundering) or 8 (investigations) of the Proceeds of Crime Act 2002 .

17

Information on the money laundering and terrorist financing practices that the supervisory authority considers apply to its own sector.

18

Indications that the supervisory authority considers to suggest that a transfer of criminal funds takes place in their own sector.

19

The amount of human resource allocated by the supervisory authority to supervising the countering of money laundering and terrorist financing.

SCHEDULE 5

Regulation 65(3)

Connected Persons1Corporate Bodies

If the relevant person or payment service provider is a body corporate, any person who is or has been—

a

an officer or manager of the body corporate;

b

an officer or manager of a parent undertaking of the body corporate;

c

an employee of the body corporate;

d

an agent of the body corporate; or

e

an agent of a parent undertaking of the body corporate.

2Partnerships

If the relevant person or payment service provider is a partnership, any person who is or has been a member, manager, employee or agent of the partnership.

3Unincorporated Associations

If the relevant person or payment service provider is an unincorporated association of persons which is not a partnership, any person who is or has been a member, an officer, manager, employee or agent of the association.

4Individuals

If the relevant person or payment service provider is an individual, any person who is or has been an employee or agent of that individual.

SCHEDULE 6

Regulation 75

Meaning of “relevant requirement”1

For the purposes of Part 9 of these Regulations, “relevant requirement” means—

a

a requirement imposed by the funds transfer regulation specified—

i

in relation to a payment service provider of a payer, in paragraph 2;

ii

in relation to a payment service provider of a payee, in paragraph 3;

iii

in relation to the payment service provider of an intermediary, in paragraph 4.

b

a requirement imposed (otherwise than on supervisory authorities, registering authorities or auction platforms) in or under the regulations specified in paragraphs 5 to 13;

c

the following requirements imposed on auction platforms—

i

the customer due diligence requirements in regulation 17 of the UK auctioning regulations;

ii

the monitoring and record keeping requirements of regulation 37 of the UK auctioning regulations; or

iii

the requirements imposed in regulations 18 to 21 or 24 of these Regulations;

iv

any requirement imposed under regulations 66, 69(2), 70(7), 77(2) and (6) or 78(2) or (5) of these Regulations.

2

The requirements specified in this paragraph are those imposed in—

a

Article 4 (information accompanying transfers of funds);

b

Article 5 (information within the EEA);

c

Article 6 (transfer of funds outside the EEA);

d

Article 14 (provision of information);

e

Article 15 (data protection);

f

Article 16 (record retention).

3

The requirements specified in this paragraph are those imposed in—

a

Article 7 (detection of missing information on the payer or the payee);

b

Article 8 (transfers of funds with missing or incomplete information on the payer or the payee);

c

Article 9 (assessment and reporting);

d

Article 14 (provision of information);

e

Article 15 (data protection);

f

Article 16 (record retention).

4

The requirements specified in this paragraph are those imposed in—

a

Article 10 (retention of information on the payer and the payee with the transfer);

b

Article 11 (detection of missing information on the payer or the payee);

c

Article 12 (transfer of funds with missing information on the payer or the payee);

d

Article 13 (assessment and reporting);

e

Article 14 (provision of information);

f

Article 15 (data protection);

g

Article 16 (record retention).

5

The requirements specified in this paragraph are those—

a

imposed in—

i

regulation 18 (risk assessment by relevant persons);

ii

regulation 19 (policies, controls and procedures);

iii

regulation 20 (policies, controls and procedures: group level);

iv

regulation 21 (internal controls);

v

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

vi

regulation 23 (requirement on authorised person to inform the FCA);

vii

regulation 24 (training);

b

imposed by supervisory authorities under regulation 25 (supervisory action).

6

The requirements specified in this paragraph are those imposed in regulation 26(1), (4), (5) and (10) (prohibition and approvals).

7

The requirements specified in this paragraph are those imposed in—

a

regulation 27 (customer due diligence);

b

regulation 28 (customer due diligence measures);

c

regulation 29 (additional customer due diligence measures: credit institutions and financial institutions),

d

regulation 30 (timing of verification);

da

regulation 30A (requirement to report discrepancies in registers);

e

regulation 31(1) (requirement to cease transactions);

f

regulation 33(1) and (4) to (6) (obligation to apply enhanced customer due diligence);

g

regulation 34 (enhanced customer due diligence: credit institutions, financial institutions and correspondent relationships);

h

regulation 35 (enhanced customer due diligence: politically exposed persons);

i

regulation 37 (application of simplified due diligence);

j

regulation 38(3) (electronic money).

8

The requirements specified in this paragraph are those imposed in—

a

regulation 39(2) and (4) (reliance);

b

regulation 40(1) and (5) to (7) (record keeping);

c

regulation 41 (data protection).

9

The requirements specified in this paragraph are those imposed in—

a

regulation 43 (corporate bodies: obligations);

b

regulation 44 (trustee obligations);

c

regulation 45(2) , (9) and (10A) to (10I) (register of beneficial ownership);

d

regulation 45ZA(3) to (7) (register of beneficial ownership: additional types of trust).

9A

The requirements specified in this paragraph are those imposed in regulation 45B (duty to respond to requests for information) and 45G(1) and (3) (record keeping).

10

The requirements specified in this paragraph are those imposed in—

a

regulation 56(1) and (5) (requirement to be registered);

b

regulation 57(1) and (4) (applications for registration in a register maintained under regulations 54 or 55);

c

regulation 60A (disclosure by cryptoasset businesses).

11

The requirements specified in this paragraph are those imposed in regulation 64(2) (obligations of payment service providers);

12

The requirements specified in this paragraph are those imposed under—

a

regulation 66 (power to require information);

b

regulation 69(2) (entry, inspection of premises without a warrant);

c

regulation 70(7) (entry of premises under warrant);

ca

regulation 74A (reporting requirements: cryptoasset businesses);

cb

regulation 74B (report by a skilled person: cryptoasset businesses);

cc

regulation 74C (directions: cryptoasset businesses);

d

regulation 77(2) and (6) (power to impose civil penalties: suspension and removal of authorisation);

e

regulation 78(2) and (5) (power to prohibit individuals from managing).

13

The requirement specified in this paragraph is the requirement imposed in regulation 84(1).

SCHEDULE 6A

Regulation 104A

The United Kingdom’s Financial Intelligence Unit1Interpretation

In this Schedule

“external request” means a request to the NCA for information by a foreign FIU which may be relevant for the purpose of the foreign FIU’s performance of FIU functions;

“FIU functions” means the functions of a financial intelligence unit as set out in the fourth money laundering directive;

“foreign competent authority” means an authority in an EEA state other than the United Kingdom which has equivalent functions to those of a United Kingdom competent authority to which a foreign FIU may provide information in connection with its performance of FIU functions;

“foreign FIU” means an authority in an EEA state other than the United Kingdom which performs FIU functions in that state;

“relevant information” means information the NCA possesses in connection with its performance of FIU functions which it considers relevant to an external request;

“the 2000 Act” means the Terrorism Act 2000 ;

“the 2002 Act” means the Proceeds of Crime Act 2002 ;

“United Kingdom competent authority” means any authority other than the NCA concerned in the prevention, investigation, detection or prosecution of criminal offences contained in Part 7 (money laundering) of the 2002 Act or Part 3 (terrorist property) of the 2000 Act, and any supervisory authority, to which the NCA disseminates information in its performance of FIU functions.

2Reports to the National Crime Agency

Where the NCA has, in its performance of FIU functions, disseminated any information to a United Kingdom competent authority, that authority must, upon request, provide a report to the NCA about the authority’s use of that information, including the outcome of any investigations or inspections conducted on the basis of that information.

3Co-operation

The NCA must take such steps as it considers appropriate to co-operate with foreign FIUs in their performance of FIU functions.

Provision of information in response to external requests4

In response to an external request, the NCA must (subject to paragraph 10) provide promptly any relevant information in the NCA’s possession.

5

Where an external request is received and the NCA does not possess information which the NCA considers relevant to the external request, and it suspects a relevant person possesses such information, the NCA—

a

may exercise its powers under Parts 7 and 8 (investigations) of the 2002 Act, any orders made under section 445 (external investigations) of that Act, or Part 3 of the 2000 Act , as applicable, to seek an order for information from such person, and

b

must (subject to paragraph 10) provide any relevant information received in consequence of any such order promptly to the foreign FIU concerned.

6

The NCA must designate at least one point of contact with responsibility for receiving external requests.

7

Where the NCA has provided relevant information to a foreign FIU, and that foreign FIU makes a request for consent to disseminate some or all of the relevant information to a foreign competent authority, the NCA must (subject to paragraph 11) consent to the dissemination of as much of the requested information as possible and communicate its consent promptly to the foreign FIU.

8

Where the NCA provides relevant information in response to an external request in accordance with this Schedule, the NCA shall take such steps as it considers appropriate to ensure that such information is transmitted securely.

Conditions and restrictions on provision or further dissemination of relevant information9

The NCA may impose such restrictions and conditions on the use of relevant information provided in response to an external request as the NCA considers appropriate.

10

Where an obligation arises under this Schedule for the NCA to provide relevant information in response to an external request, the NCA may decide not to provide some or all of the information where and to the extent that the NCA considers that doing so could be contrary to national law.

11

The NCA is not required to comply with the duty to give consent to the dissemination of information to a foreign competent authority under paragraph 7 if and to the extent that the NCA considers that the giving of such consent could—

a

prejudice an investigation, whether into a criminal cause or matter or in relation to any investigation referred to in section 341 (investigations) of the 2002 Act or to which Schedule 5A (terrorist financing investigations) to the 2000 Act applies; or

b

be contrary to national law.

12

The NCA must have particular regard—

a

where making a decision under paragraph 10, to the need for as unfettered an exchange of relevant information in response to external requests as possible, or

b

where making a decision under paragraph 11, to the need for as unfettered dissemination of information as possible by a foreign FIU to foreign competent authorities,

in order for the foreign FIU concerned to carry out FIU functions efficiently and effectively.

Requests for information by the NCA to foreign FIUs13

Paragraphs 14 and 15 apply where the NCA wishes to obtain information concerning a relevant person which has its head office in an EEA state other than the United Kingdom.

14

The NCA must address a request for the information to the foreign FIU in the state in which the relevant person has its head office.

15

Where the NCA makes a request to a foreign FIU for information which the NCA considers may be relevant for its performance of FIU functions, the request must contain the relevant facts and background information, reasons for the request and how the information sought is proposed to be used.

16Conditions and restrictions on use of information received by the NCA from foreign FIUs

Where the NCA receives information from a foreign FIU, the NCA must—

a

use the information only for the purpose for which it was sought or provided, unless it has obtained the prior consent of the foreign FIU to any other use of the information;

b

comply with any restrictions or conditions of use which have been imposed by the foreign FIU in respect of the information; and

c

obtain the prior consent of the foreign FIU to any further dissemination of the information.

SCHEDULE 7

Regulation 109

Consequential AmendmentsPART 1Consequential Amendments to Primary Legislation1Solicitors (Scotland) Act 1980

In section 34 of the Solicitors (Scotland) Act 1980 , after subsection (1C), insert—

1D

Rules made under this section may make provision as to the way in which solicitors and incorporated practices are to comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.

.

2Northern Ireland Act 1998

In Schedule 3 to the Northern Ireland Act 1998 (reserved matters)

a

in paragraph 25, for “the Money Laundering Regulations 2007” substitute “the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017”;

b

omit paragraph 25A.

3Financial Services and Markets Act 20001

FSMA is amended as follows.

2

In section 226 (complaints: the ombudsman scheme etc) after subsection (7) insert—

7A

The rules must provide that a person within subsection (7B) is eligible in relation to a complaint to which subsection (7C) applies.

7B

A person is within this subsection if he or she has been identified by a respondent, in carrying on an activity to which the rules apply, as—

a

a politically exposed person;

b

a family member of a politically exposed person; or

c

a known close associate of a politically exposed person.

7C

This subsection applies to a complaint—

a

that the complainant has been incorrectly identified as a person within subsection (7B); or

b

relating to an act or omission of the respondent in consequence of the identification of the complainant as a person within subsection (7B).

7D

In subsection (7B), “politically exposed person”, “family member” and “known close associate” have the meanings given in regulation 35(12) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.

.

3

For the heading of Part 20C (as inserted by the Bank of England and Financial Services Act 2016) , substitute “Politically exposed persons: money laundering and terrorist financing”.

4

In section 333U (guidance relating to money laundering and politically exposed persons)—

a

in the heading, after “Money laundering” insert “ and terrorist financing ”; and

b

in subsection (3)—

i

for “Secretary of State” substitute “ Treasury ”; and

ii

in paragraph (b), after “by the FCA” insert “ or under the ombudsman scheme ”.

4Terrorism Act 20001

The Terrorism Act 2000 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 .

4

Part 1 of Schedule 3A (business in the regulated sector) is amended in accordance with sub-paragraphs (5) to (10).

5

In paragraph 1(1)—

a

in paragraph (b)

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 (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) , 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) , 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) 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 .

.

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 ;

;

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 (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).

5Criminal Justice and Police Act 2001

In the Criminal Justice and Police Act 2001

a

in section 68(2) (application to Scotland)—

i

in paragraph (g), for “regulation 39(6) of the Money Laundering Regulations 2007” substitute “regulation 70(7) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017”;

ii

omit paragraph (h);

b

in Part 1 of Schedule 1 (powers of seizure to which section 50 of the 2001 Act applies)—

i

in the heading above paragraph 73J, for “The Money Laundering Regulations 2007” substitute “ The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”;

ii

in paragraph 73J, for “regulation 39(6) of the Money Laundering Regulations 2007” substitute “ regulation 70(7) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”;

iii

omit paragraph 73K and the heading above it.

6Proceeds of Crime Act 20021

The Proceeds of Crime Act 2002 is amended as follows.

2

In section 333D (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 333E (interpretation), in subsection (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 ”.

4

In Part 1 of Schedule 9 (business in the regulated sector), in paragraph 1(1)—

a

in paragraph (b)

i

for “Capital Requirements Regulation”, in both places, substitute “ Capital Requirements Directive ”;

ii

at the end of sub-paragraph (i), omit “or”;

iii

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 (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), 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 ”.

5

In paragraph 1(5)(b), omit “contained in international standards and are”.

6

In paragraph 1(6) , at the end of paragraph (c) for “or” substitute “ and ”.

7

In paragraph 2—

a

in sub-paragraph (1)(c) for “25” substitute “ 26 ”;

b

in sub-paragraph (1)(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 ) 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 .

;

d

in sub-paragraph (3)—

i

in paragraph (a), for “£64,000” substitute “£100,000;

ii

in paragraph (f), after “(r)” insert “ to (t) ”.

8

In paragraph 3—

a

in sub-paragraph (1)—

i

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 ;

;

ii

at the end of the definition of “the Capital Requirements Regulation insert “ of 26th June 2013 on prudential requirements for credit institutions and investment firms ”; and

b

in sub-paragraph (3)—

i

for “the Banking Consolidation Directive” substitute “ the Capital Requirements Regulation, the Capital Requirements Directive ”;

ii

after “Part as”, insert “ in that Regulation or ”.

9

In Part 2 of Schedule 9 (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).

7Counter-Terrorism Act 2008

In Schedule 7 to the Counter-Terrorism Act 2008 (terrorist financing and money laundering), for paragraph 45(3), substitute—

3

Unless otherwise defined, expressions used in this Schedule and in Directive 2015/849/EU of the European Parliament and of the Council of 20th May 2015 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing have the same meaning as in that Directive.

.

8Borders, Citizenship and Immigration Act 2009

In section 1 (general customs functions of the Secretary of State) of the Borders, Citizenship and Immigration Act 2009 , in subsection (2)—

a

in paragraph (d), for “Directive 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing” substitute “Directive 2015/849/EU of the European Parliament and of the Council of 20th May 2015 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing ”;

b

in paragraph (e), for “Regulation (EC) No 1781/2006 on information on the payer accompanying transfers of funds” substitute “Regulation (EU) 2015/847 of the European Parliament and of the Council of 20th May 2015 on information accompanying transfers of funds”.

9Crime and Courts Act 2013

In Schedule 17 (offences in relation to which a deferred prosecution arrangement may be entered into) to the Crime and Courts Act 2013 , in paragraph 27, for “regulation 45 of the Money Laundering Regulations 2007 (S.I. 2007/2157)” substitute “ regulation 86 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

10Finance Act 2014

In Schedule 34 to the Finance Act 2014 , in paragraph 6(4)(j) (criminal offences) for “regulation 45(1) of the Money Laundering Regulations 2007 (S.I. 2007/2157)” substitute “ regulation 86(1) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

11Bank of England and Financial Services Act 2016

In the Bank of England and Financial Services Act 2016—

a

in the italic heading above section 30, after “Money laundering” insert “ and terrorist financing ”;

b

in section 30 (politically exposed persons: money laundering)

i

in the heading, after “Money laundering” insert “ and terrorist financing ”; and

ii

in subsection (1) for “Secretary of State” substitute “ Treasury ”.

PART 2Consequential Amendments to Secondary Legislation12Estate Agents (Undesirable Practices) (No 2) Order 1991

Schedule 3 (other matters) to the Estate Agents (Undesirable Practices) (No 2) Order 1991 is amended as follows—

a

at the beginning of paragraph 2, insert “ Subject to paragraph 2A ”;

b

after paragraph 2, insert—

2A

Paragraph 2 does not apply if the estate agent does not forward accurate details of the offer because the estate agent is unable to apply the customer due diligence measures required by regulation 28, and where relevant, those required by regulations 33, and 35 to 37 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 in relation to the offeror.

.

13Public Interest Disclosure (Prescribed Persons) Order (Northern Ireland) 1999

In the Schedule (description of persons and matters) to the Public Interest Disclosure (Prescribed Persons) Order (Northern Ireland) 1999

a

in the entry relating to Her Majesty's Revenue and Customs, in column 2, for “regulation 23(1)(d)(vii) of the Money Laundering Regulations 2007” substitute “ regulation 7(1)(c)(vii) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”;

b

in the appropriate place, insert the following entry—

National Crime Agency

Matters relating to compliance with—

a

the Terrorism Act 2000;

b

the Proceeds of Crime Act 2002; or

c

the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017

14Terrorism Act 2000 (Crown Servants and Regulators) Regulations 2001

In the meaning of “relevant business” in regulation 2 (interpretation) of the Terrorism Act 2000 (Crown Servants and Regulators) Regulations 2001 for “regulation 3(1)(a) to (h) of the Money Laundering Regulations 2007” substitute “ regulation 8(2)(a) to (h) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

15Representation of the People (England and Wales) Regulations 2001

In regulation 114(3)(b) in the Representation of the People (England and Wales) Regulations 2001 (sale of full register to credit reference agencies), for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

16Representation of the People (Scotland) Regulations 2001

In regulation 113(3)(b) in the Representation of the People (Scotland) Regulations 2001 (sale of full register to credit reference agencies), for “the Money Laundering Regulations 2007” substitute “ Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

17Financial Services and Markets Act 2000 (Regulated Activities) Order 2001

In article 72E(9) in the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (Business and Angel-led Enterprise Capital Funds) for “the Money Laundering Regulations 2007” substitute “the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017”.

18Open-Ended Investment Companies Regulations 2001

Regulation 48 (bearer shares) of the Open-Ended Investment Companies Regulations 2001 is amended as follows—

a

the existing text is renumbered as paragraph (1);

b

in that paragraph (1), after “investment company” insert “ authorised before the day on which the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force (“the relevant date”) ”;

c

after paragraph (1) insert—

2

An open-ended investment company authorised on or after the relevant date may not issue any bearer shares under paragraph (1), and any provision in the instrument of incorporation of such an open-ended investment company purporting to authorise it to do so is void.

3

Paragraph (2) does not apply to an open-ended investment company if—

a

an application for an authorisation order was made in relation to that open-ended investment company before the relevant date; and

b

that application was not determined until a date on or after the relevant date.

.

19Proceeds of Crime Act 2002 (Disclosure of information to and by Lord Advocate and Scottish Ministers) Order 2003

In article 3(d) (disclosure of information by Lord Advocate and by Scottish Ministers) of the Proceeds of Crime Act 2002 (Disclosure of Information to and by Lord Advocate and Scottish Ministers) Order 2003 for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

20Proceeds of Crime Act 2002 (Failure to Disclose Money Laundering: Specified Training) Order 2003

In article 2 of the Proceeds of Crime Act 2002 (Failure to Disclose Money Laundering: Specified Training) Order 2003 (training specified), for “regulation 21 of the Money Laundering Regulations 2007” substitute “ regulation 24 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

21Legislative and Regulatory Reform (Regulatory Functions) Order 20071

Part 1 of the Schedule to the Legislative and Regulatory Reform (Regulatory Functions) Order 2007 is amended as follows.

2

In the reference to “Her Majesty's Revenue and Customs” for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

3

In the reference to a “professional body” for “Schedule 3 to the Money Laundering Regulations 2007” substitute “ Schedule 1 to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

22Representation of the People (Northern Ireland) Regulations 2008

In regulation 112(3)(b) of the Representation of the People (Northern Ireland) Regulations 2008 (sale of full register etc to credit reference agencies), for paragraph (i), substitute—

i

the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017;

.

23Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009

In paragraph 2(6) of Schedule 3 (transitional and saving provisions) to the Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 , in the definition of “review and appeal provisions”—

a

in paragraph (i) for “regulations 43 and 44 of the Money Laundering Regulations 2007” substitute “ regulations 94 to 100 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”;

b

omit paragraph (j).

24Payment Services Regulations 20091

The Payment Services Regulations 2009 are amended as follows.

2

In regulation 2(1) (interpretation) , in the definition of “the money laundering directive” for “Directive 2005/60/EC of the European Parliament and of the Council of 26th October 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing” substitute “ Directive 2015/849/EU of the European Parliament and of the Council of 20th May 2015 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing ”.

3

In regulation 6(7) (conditions for authorisation as a payment institution) for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

4

In regulation 13 (conditions for registration as a small payment institution)—

a

in sub-paragraph (a) of paragraph (4) for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”,

b

in paragraph (6) for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

5

In regulation 25(4)(a) (supervision of firms exercising passport rights) for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

6

In regulation 29 (use of agents)—

a

in sub-paragraph (a)(ii)(aa) of paragraph (3) for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”,

b

in subparagraph (c)(i) of paragraph (6) for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

7

In regulation 119(2) (duty to co-operate and exchange of information) for “regulation 49A of the Money Laundering Regulations 2007” substitute “ regulation 105 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

8

In paragraph 6 of Schedule 2 (information to be included in or with an application for authorisation)—

a

for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”;

b

for “Regulation (EC) No 1781/2006 of the European Parliament and of the Council of 15 November 2006 on information on the payer accompanying transfers of funds” substitute “Regulation 2015/847/EU of the European Parliament and of the Council of 20 May 2015 on information accompanying transfers of funds”.

9

In paragraph 3(d)(ii) in Part 1 of Schedule 5 (application and modification of the Financial Services and Markets Act 2000) for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

10

In paragraph 10(h) in Part 2 of Schedule 5 (application and modification of secondary legislation) for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

25Companies (Disclosure of Address) Regulations 2009

In paragraph 7(b) of Schedule 2 (disclosure to a credit reference agency) of the Companies (Disclosure of Address) Regulations 2009

a

for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”;

b

for “Directive 2005/60/EC of the European Parliament and of the Council of 26 October 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing” substitute “Directive 2015/849/EU of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing”.

26Overseas Companies Regulations 2009

In paragraph 7(b) of Schedule 2 (disclosure to a credit reference agency) of the Overseas Companies Regulations 2009

a

for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”;

b

for “Directive 2005/60/EC of the European Parliament and of the Council of 26 October 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing” substitute “ Directive 2015/849/EU of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing ”.

27Defence and Security Public Contracts Regulations 2011

In regulation 23(1)(i) of Part 4 (criteria for the rejection of economic operators) to the Defence and Security Public Contracts Regulations 2011 , at the end insert “ or of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

28Electronic Money Regulations 20111

The Electronic Money Regulations 2011 are amended as follows.

2

In regulation 2(1) (interpretation), in the definition of “money laundering directive” for “Directive 2005/60/EC of the European Parliament and of the Council of 26th October 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing” substitute “Directive 2015/849/EU of the European Parliament and of the Council of 20th May 2015 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing”.

3

In regulation 6(7) (conditions for authorisation) for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

4

In regulation 13 (conditions for registration) —

a

in subparagraph (a) of paragraph (8) for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”;

b

in paragraph (10) for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

5

In regulation 30(4)(a) (supervision of firms exercising passport rights) for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

6

In regulation 34 (requirement for agents to be registered)—

a

in subparagraph (a)(ii)(aa) in paragraph (3) for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”;

b

in subparagraph (c)(i) in paragraph (6) for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

7

In regulation 71(2) (duty to cooperate and exchange information), in the words before sub-paragraph (a), for “regulation 49A of the Money Laundering Regulations 2007” substitute “ regulation 105 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

8

In paragraph 6 of Schedule 1 (information to be included in or with an application for authorisation)—

a

for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”;

b

for “Regulation (EC) No 1781/2006 of the European Parliament and of the Council of 15 November 2006 on information on the payer accompanying transfers of funds” substitute “Regulation 2015/847/EU of the European Parliament and of the Council of 20 May 2015 on information accompanying transfers of funds”.

29Terrorism Act 2000 and Proceeds of Crime Act 2002 (Business in the Regulated Sector) (No 2) Order 20121

Regulation 4 (review) of the Terrorism Act 2000 and Proceeds of Crime Act 2002 (Business in the Regulated Sector) (No 2) Order 2012 is amended as follows.

2

In paragraph (2) for “Directive 2005/60/EC of the European Parliament and of the Council on the protection of the use of the financial system for the purpose of money laundering and terrorist financing” substitute “ Directive 2015/849/EU of the European Parliament and of the Council of 20th May 2015 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing ” .

3

In paragraph (4) for “the end of the period of five years beginning with the day on which this Order comes into force” substitute “ 26th June 2022 ”.

30Payment to Treasury of Penalties (Enforcement Costs) Order 2013

In regulation 2(1)(d) (enforcement of powers) of the Payment to Treasury of Penalties (Enforcement Costs) Order 2013 for “regulation 42 of the Money Laundering Regulations 2007” substitute “ regulation 76 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

31Public Interest Disclosure (Prescribed Persons) Order 2014

In the Schedule (description of persons and matters) to the Public Interest Disclosure (Prescribed Persons) Order 2014 , in the entry relating to the National Crime Agency, for the words in the second column substitute—

Matters relating to—

a

corrupt individuals or companies offering or receiving bribes to secure a benefit for themselves or others;

b

compliance with—

i

the Terrorism Act 2000;

ii

the Proceeds of Crime Act 2002; or

iii

the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017

.

32Companies (Disclosure of Date of Birth Information) Regulations 2015

In paragraph 7(b) of Schedule 2 (disclosure to a credit reference agency) to the Companies (Disclosure of Date of Birth Information) Regulations 2015

a

for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”;

b

for “Directive 2005/60/EC of the European Parliament and of the Council of 26 October 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing” substitute “Directive 2015/849/EU of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing”.

33Payment Accounts Regulations 2015

In regulation 25(1)(b) of Part 4 (refusal of application) in the Payment Accounts Regulation 2015 for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

34Register of People with Significant Control Regulations 2016

In paragraph 8(b) of Schedule 4 (disclosure to a credit reference agency) of the Register of People with Significant Control Regulations 2016

a

in paragraph (i) for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”;

b

in paragraph (iii) for “Directive 2005/60/EC of the European Parliament and of the Council on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing” substitute “ Directive 2015/849/EU of the European Parliament and of the Council on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing ”.

35Economic Growth (Regulatory Functions) Order 2017

In Part 1 of the Schedule to the Economic Growth (Regulatory Functions) Order 2017 , in the entry for Her Majesty's Revenue and Customs, for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

This XML file does not appear to have any style information associated with it. The document tree is shown below.
<akomaNtoso xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xsi:schemaLocation="http://docs.oasis-open.org/legaldocml/ns/akn/3.0 http://docs.oasis-open.org/legaldocml/akn-core/v1.0/cos01/part2-specs/schemas/akomantoso30.xsd">
<portion includedIn="http://www.legislation.gov.uk/id/uksi/2017/692">
<meta>
<identification source="#source">
<FRBRWork>
<FRBRthis value="http://www.legislation.gov.uk/id/uksi/2017/692"/>
<FRBRuri value="http://www.legislation.gov.uk/id/uksi/2017/692"/>
<FRBRdate date="" name="made"/>
<FRBRauthor href="http://www.legislation.gov.uk/id/government/uk"/>
<FRBRcountry value="GB-UKM"/>
<FRBRsubtype value="regulation"/>
<FRBRnumber value="692"/>
<FRBRname value="S.I. 2017/692"/>
<FRBRprescriptive value="true"/>
</FRBRWork>
<FRBRExpression>
<FRBRthis value="http://www.legislation.gov.uk/uksi/2017/692/schedules/2022-03-09"/>
<FRBRuri value="http://www.legislation.gov.uk/uksi/2017/692/2022-03-09"/>
<FRBRdate date="2022-03-09" name="validFrom"/>
<FRBRauthor href="#source"/>
<FRBRlanguage language="eng"/>
</FRBRExpression>
<FRBRManifestation>
<FRBRthis value="http://www.legislation.gov.uk/uksi/2017/692/schedules/2022-03-09/data.akn"/>
<FRBRuri value="http://www.legislation.gov.uk/uksi/2017/692/2022-03-09/data.akn"/>
<FRBRdate date="2024-11-09Z" name="transform"/>
<FRBRauthor href="http://www.legislation.gov.uk"/>
<FRBRformat value="application/akn+xml"/>
</FRBRManifestation>
</identification>
<classification source="#source">
<keyword value="financial services" showAs="FINANCIAL SERVICES" dictionary="http://www.legislation.gov.uk"/>
</classification>
<lifecycle source="#source">
<eventRef date="2017-06-26" eId="coming-into-force-date-1" source="#source"/>
<eventRef date="2017-06-26" type="amendment" source="#source"/>
<eventRef date="2018-05-25" type="amendment" source="#source"/>
<eventRef date="2020-01-10" type="amendment" source="#source"/>
<eventRef date="2020-09-10" type="amendment" source="#source"/>
<eventRef date="2020-10-06" type="amendment" source="#source"/>
<eventRef date="2020-12-31" type="amendment" source="#source"/>
<eventRef date="2021-03-26" type="amendment" source="#source"/>
<eventRef date="2021-04-22" type="amendment" source="#source"/>
<eventRef date="2021-07-13" type="amendment" source="#source"/>
<eventRef date="2021-11-02" type="amendment" source="#source"/>
<eventRef date="2022-03-29" type="amendment" source="#source"/>
<eventRef date="2022-07-12" type="amendment" source="#source"/>
<eventRef date="2022-08-11" type="amendment" source="#source"/>
<eventRef date="2022-08-17" type="amendment" source="#source"/>
<eventRef date="2022-09-01" type="amendment" source="#source"/>
<eventRef date="2022-11-15" type="amendment" source="#source"/>
<eventRef date="2023-04-01" type="amendment" source="#source"/>
<eventRef date="2023-06-27" type="amendment" source="#source"/>
<eventRef date="2023-09-01" type="amendment" source="#source"/>
<eventRef date="2023-12-05" type="amendment" source="#source"/>
<eventRef date="2024-01-23" type="amendment" source="#source"/>
<eventRef date="2017-06-26" eId="effective-date-1" source="#source"/>
<eventRef date="2018-05-25" eId="effective-date-2" source="#source"/>
<eventRef date="2020-01-10" eId="effective-date-3" source="#source"/>
<eventRef date="2020-09-10" eId="effective-date-4" source="#source"/>
<eventRef date="2020-10-06" eId="effective-date-5" source="#source"/>
<eventRef date="2020-12-31" eId="effective-date-6" source="#source"/>
<eventRef date="2021-04-22" eId="effective-date-7" source="#source"/>
<eventRef date="2021-11-02" eId="effective-date-8" source="#source"/>
<eventRef date="2022-03-09" eId="effective-date-9" source="#source"/>
<eventRef date="2022-03-10" eId="effective-date-10" source="#source"/>
<eventRef date="2022-03-29" eId="effective-date-11" source="#source"/>
<eventRef date="2022-08-17" eId="effective-date-12" source="#source"/>
<eventRef date="2022-09-01" eId="effective-date-13" source="#source"/>
</lifecycle>
<analysis source="#source">
<passiveModifications>
<textualMod type="insertion" eId="mod-key-9dcbd9f7ba5efc7f03b00d903a8999d9-1579217852696">
<source href="#key-9dcbd9f7ba5efc7f03b00d903a8999d9"/>
<destination href="#schedule-3-paragraph-27A"/>
</textualMod>
<textualMod type="substitution" eId="mod-key-3df42e632651e5181683a8a2da96946a-1636462771150">
<source href="#key-3df42e632651e5181683a8a2da96946a"/>
<destination href="#schedule-3ZA"/>
</textualMod>
<textualMod type="insertion" eId="mod-key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<source href="#key-09f9317339cebb797f2306c1cf452fa5"/>
<destination href="#schedule-3A"/>
</textualMod>
<textualMod type="substitution" eId="mod-key-fb6f2259a3de87d4e9ad86e3bb5852dd-1646908214302">
<source href="#key-fb6f2259a3de87d4e9ad86e3bb5852dd"/>
<destination href="#schedule-3A-paragraph-4"/>
</textualMod>
<textualMod type="insertion" eId="mod-key-f83ba7a7803a739629df510198895018-1646906514524">
<source href="#key-f83ba7a7803a739629df510198895018"/>
<destination href="#schedule-3A"/>
</textualMod>
<textualMod type="insertion" eId="mod-key-711c2c7760e2745266f58a0418bdb434-1583431287090">
<source href="#key-711c2c7760e2745266f58a0418bdb434"/>
<destination href="#schedule-4-paragraph-12A"/>
</textualMod>
<textualMod type="insertion" eId="mod-key-7388bd1330148b3050274c4a5af6ce99-1583431226979">
<source href="#key-7388bd1330148b3050274c4a5af6ce99"/>
<destination href="#schedule-4-paragraph-19"/>
</textualMod>
<textualMod type="substitution" eId="mod-key-16c3db59155b6456eaa0159a0fc10b8b-1633528973987">
<source href="#key-16c3db59155b6456eaa0159a0fc10b8b"/>
<destination href="#schedule-6-paragraph-1-c-i"/>
</textualMod>
<textualMod type="substitution" eId="mod-key-7801474aec77462e00a6b461c8470665-1633529005195">
<source href="#key-7801474aec77462e00a6b461c8470665"/>
<destination href="#schedule-6-paragraph-1-c-ii"/>
</textualMod>
<textualMod type="insertion" eId="mod-key-df0e1d35f51a5cb39548a8661428aeca-1583459256221">
<source href="#key-df0e1d35f51a5cb39548a8661428aeca"/>
<destination href="#schedule-6-paragraph-7-da"/>
</textualMod>
<textualMod type="substitution" eId="mod-key-1df34e7a325195c8dc2bb909e00d5e5e-1607698308209">
<source href="#key-1df34e7a325195c8dc2bb909e00d5e5e"/>
<destination href="#schedule-6-paragraph-9-c"/>
</textualMod>
<textualMod type="insertion" eId="mod-key-04d6c8aca6f676e3e7fb52af33417b8a-1607698323728">
<source href="#key-04d6c8aca6f676e3e7fb52af33417b8a"/>
<destination href="#schedule-6-paragraph-9-d"/>
</textualMod>
<textualMod type="insertion" eId="mod-key-9feda294611c4bd0db77e2dacbbd6956-1607688893467">
<source href="#key-9feda294611c4bd0db77e2dacbbd6956"/>
<destination href="#schedule-6-paragraph-9A"/>
</textualMod>
<textualMod type="insertion" eId="mod-key-2795522589af249134a43cb7986ed945-1583459429830">
<source href="#key-2795522589af249134a43cb7986ed945"/>
<destination href="#schedule-6-paragraph-10-c"/>
</textualMod>
<textualMod type="insertion" eId="mod-key-4c19cb643db8f917dd073b22303cf8ed-1583459667458">
<source href="#key-4c19cb643db8f917dd073b22303cf8ed"/>
<destination href="#schedule-6-paragraph-12-ca"/>
</textualMod>
<textualMod type="insertion" eId="mod-key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">
<source href="#key-66e2d30bf50c4a9cde36b2cbc4887a89"/>
<destination href="#schedule-6A"/>
</textualMod>
</passiveModifications>
<restrictions source="#source">
<restriction refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#d4e127" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3A-paragraph-13" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-7-paragraph-4" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-7-paragraph-6" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-7-paragraph-13" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-2" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3-paragraph-12" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3-paragraph-3" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3A" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA-paragraph-1" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA-paragraph-10" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA-paragraph-11" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA-paragraph-12" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA-paragraph-13" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA-paragraph-14" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA-paragraph-15" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA-paragraph-16" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA-paragraph-17" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA-paragraph-18" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA-paragraph-19" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA-paragraph-2" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA-paragraph-20" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA-paragraph-21" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA-paragraph-22" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA-paragraph-23" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA-paragraph-24" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA-paragraph-25" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA-paragraph-3" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA-paragraph-4" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA-paragraph-5" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA-paragraph-6" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA-paragraph-7" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA-paragraph-8" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-3ZA-paragraph-9" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-4" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-6" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-6-paragraph-10" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-6-paragraph-12" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-6-paragraph-5" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-6-paragraph-7" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-6-paragraph-9" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-6A" refersTo="#e+w+s+ni" type="jurisdiction"/>
<restriction href="#schedule-7-part-2" refersTo="#e+w+s+ni" type="jurisdiction"/>
</restrictions>
</analysis>
<temporalData source="#source">
<temporalGroup eId="period1">
<timeInterval start="#effective-date-1" refersTo="#period-concept1"/>
</temporalGroup>
<temporalGroup eId="period2">
<timeInterval start="#effective-date-1" end="#effective-date-12" refersTo="#period-concept2"/>
</temporalGroup>
<temporalGroup eId="period3">
<timeInterval start="#effective-date-2" refersTo="#period-concept3"/>
</temporalGroup>
<temporalGroup eId="period4">
<timeInterval start="#effective-date-3" refersTo="#period-concept4"/>
</temporalGroup>
<temporalGroup eId="period5">
<timeInterval start="#effective-date-3" end="#effective-date-13" refersTo="#period-concept5"/>
</temporalGroup>
<temporalGroup eId="period6">
<timeInterval start="#effective-date-4" refersTo="#period-concept6"/>
</temporalGroup>
<temporalGroup eId="period7">
<timeInterval start="#effective-date-5" refersTo="#period-concept7"/>
</temporalGroup>
<temporalGroup eId="period8">
<timeInterval start="#effective-date-5" end="#effective-date-12" refersTo="#period-concept8"/>
</temporalGroup>
<temporalGroup eId="period9">
<timeInterval start="#effective-date-6" end="#effective-date-13" refersTo="#period-concept9"/>
</temporalGroup>
<temporalGroup eId="period10">
<timeInterval start="#effective-date-7" refersTo="#period-concept10"/>
</temporalGroup>
<temporalGroup eId="period11">
<timeInterval start="#effective-date-7" end="#effective-date-13" refersTo="#period-concept11"/>
</temporalGroup>
<temporalGroup eId="period12">
<timeInterval start="#effective-date-8" end="#effective-date-11" refersTo="#period-concept12"/>
</temporalGroup>
<temporalGroup eId="period13">
<timeInterval start="#effective-date-9" refersTo="#period-concept13"/>
</temporalGroup>
<temporalGroup eId="period14">
<timeInterval start="#effective-date-9" end="#effective-date-10" refersTo="#period-concept14"/>
</temporalGroup>
<temporalGroup eId="period15">
<timeInterval start="#effective-date-9" end="#effective-date-11" refersTo="#period-concept15"/>
</temporalGroup>
<temporalGroup eId="period16">
<timeInterval start="#effective-date-9" end="#effective-date-12" refersTo="#period-concept16"/>
</temporalGroup>
</temporalData>
<references source="#source">
<TLCOrganization eId="source" href="http://www.legislation.gov.uk/id/publisher/StatuteLawDatabase" showAs="Statute Law Database"/>
<passiveRef href="http://www.legislation.gov.uk/id/uksi/2019/253" showAs="The Money Laundering and Transfer of Funds (Information) (Amendment) (EU Exit) Regulations 2019"/>
<TLCLocation eId="e+w+s+ni" href="/ontology/jurisdictions/uk.EnglandWalesScotlandNorthernIreland" showAs="England, Wales, Scotland, Northern Ireland"/>
<TLCTerm eId="term-relevant-account" href="/ontology/term/uk.relevant-account" showAs="relevant account"/>
<TLCTerm eId="term-authorised-part-4a-person" href="/ontology/term/uk.authorised-part-4a-person" showAs="authorised Part 4A person"/>
<TLCTerm eId="term-risk" href="/ontology/term/uk.risk" showAs="risk"/>
<TLCTerm eId="term-suspicious-activity-disclosure" href="/ontology/term/uk.suspicious-activity-disclosure" showAs="suspicious activity disclosure"/>
<TLCTerm eId="term-relevant-requirement" href="/ontology/term/uk.relevant-requirement" showAs="relevant requirement"/>
<TLCTerm eId="term-politically-exposed-person" href="/ontology/term/uk.politically-exposed-person" showAs="politically exposed person"/>
<TLCTerm eId="term-family-member" href="/ontology/term/uk.family-member" showAs="family member"/>
<TLCTerm eId="term-known-close-associate" href="/ontology/term/uk.known-close-associate" showAs="known close associate"/>
<TLCTerm eId="term-the-capital-requirements-directive" href="/ontology/term/uk.the-capital-requirements-directive" showAs="the Capital Requirements Directive"/>
<TLCTerm eId="term-the-relevant-date" href="/ontology/term/uk.the-relevant-date" showAs="the relevant date"/>
<TLCConcept eId="period-concept1" href="/ontology/time/2017.06.26" showAs="since 2017-06-26"/>
<TLCConcept eId="period-concept2" href="/ontology/time/2017.06.26-2022.08.17" showAs="from 2017-06-26 until 2022-08-17"/>
<TLCConcept eId="period-concept3" href="/ontology/time/2018.05.25" showAs="since 2018-05-25"/>
<TLCConcept eId="period-concept4" href="/ontology/time/2020.01.10" showAs="since 2020-01-10"/>
<TLCConcept eId="period-concept5" href="/ontology/time/2020.01.10-2022.09.01" showAs="from 2020-01-10 until 2022-09-01"/>
<TLCConcept eId="period-concept6" href="/ontology/time/2020.09.10" showAs="since 2020-09-10"/>
<TLCConcept eId="period-concept7" href="/ontology/time/2020.10.06" showAs="since 2020-10-06"/>
<TLCConcept eId="period-concept8" href="/ontology/time/2020.10.06-2022.08.17" showAs="from 2020-10-06 until 2022-08-17"/>
<TLCConcept eId="period-concept9" href="/ontology/time/2020.12.31-2022.09.01" showAs="from 2020-12-31 until 2022-09-01"/>
<TLCConcept eId="period-concept10" href="/ontology/time/2021.04.22" showAs="since 2021-04-22"/>
<TLCConcept eId="period-concept11" href="/ontology/time/2021.04.22-2022.09.01" showAs="from 2021-04-22 until 2022-09-01"/>
<TLCConcept eId="period-concept12" href="/ontology/time/2021.11.02-2022.03.29" showAs="from 2021-11-02 until 2022-03-29"/>
<TLCConcept eId="period-concept13" href="/ontology/time/2022.03.09" showAs="since 2022-03-09"/>
<TLCConcept eId="period-concept14" href="/ontology/time/2022.03.09-2022.03.10" showAs="from 2022-03-09 until 2022-03-10"/>
<TLCConcept eId="period-concept15" href="/ontology/time/2022.03.09-2022.03.29" showAs="from 2022-03-09 until 2022-03-29"/>
<TLCConcept eId="period-concept16" href="/ontology/time/2022.03.09-2022.08.17" showAs="from 2022-03-09 until 2022-08-17"/>
</references>
<notes source="#source">
<note class="commentary M" eId="c23049111">
<p>OJ L 337, 23.12.2015, p.35.</p>
</note>
<note class="commentary M" eId="c23049121">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1911/6">1911 c.6</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049131">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1967/80">1967 c.80</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049141">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1970/9">1970 c.9</ref>
. Section 20BB was inserted by section 145(1) of the
<ref href="http://www.legislation.gov.uk/id/ukpga/1989/26">Finance Act 1989 (c.26)</ref>
, and amended by section 149(3) of the
<ref href="http://www.legislation.gov.uk/id/ukpga/2000/17">Finance Act 2000 (c.17)</ref>
, paragraph 69 of Schedule 36 to the
<ref href="http://www.legislation.gov.uk/id/ukpga/2008/9">Finance Act 2008 (c.9)</ref>
, and paragraph 46 of Schedule 38 to the
<ref href="http://www.legislation.gov.uk/id/ukpga/2012/14">Finance Act 2012 (c.14)</ref>
, and by
<ref href="http://www.legislation.gov.uk/id/uksi/2009/56">S.I. 2009/56</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049151">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1972/68">1972 c.68</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049161">
<p>
<ref href="http://www.legislation.gov.uk/id/nisi/1979/1714">S.I. 1979/1714 (N.I. 19)</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049171">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1979/2">1979 c.2</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049181">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/1991/1091">S.I. 1991/1091</ref>
, amended by
<ref href="http://www.legislation.gov.uk/id/uksi/1992/2833">S.I. 1992/2833</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049191">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1981/45">1981 c.45</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049201">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1985/61">1985 c.61</ref>
. Section 35 was amended by paragraph 25 of Schedule 17 and Schedule 23 to the
<ref href="http://www.legislation.gov.uk/id/ukpga/2007/29">Legal Services Act 2007 (c.29)</ref>
</p>
</note>
<note class="commentary M" eId="c23049211">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1986/46">1986 c.46</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049221">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1990/18">1990 c.18</ref>
. Section 1 was amended by s.35 of the
<ref href="http://www.legislation.gov.uk/id/ukpga/2006/48">Police and Justice Act 2006 (c.48)</ref>
and paragraph 7 of Schedule 4 to the
<ref href="http://www.legislation.gov.uk/id/ukpga/2015/9">Serious Crime Act 2015 (c.9)</ref>
. Section 2 was amended by paragraph 17 of Schedule 14 to the
<ref href="http://www.legislation.gov.uk/id/ukpga/2006/48">Police and Justice Act 2006 (c.48)</ref>
and paragraph 7 of Schedule 4 to the Serious Crime Act 2015. Section 3 was amended by section 36 of the
<ref href="http://www.legislation.gov.uk/id/ukpga/2006/48">Police and Justice Act 2006 (c.48)</ref>
, and paragraph 7 of Schedule 4 to the Serious Crime Act 2015. Section 3ZA was inserted by section 41(2) of the Serious Crime Act 2015. Section 3A was inserted by section 37 of the
<ref href="http://www.legislation.gov.uk/id/ukpga/2006/48">Police and Criminal Justice Act 2006 (c.48)</ref>
and amended by section 41 and 42 of and paragraphs 7 and 8 of Schedule 4 to the Serious Crime Act 2015.
</p>
</note>
<note class="commentary M" eId="c23049231">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1992/5">1992 c.5</ref>
. Section 112 was amended by paragraph 4 of Schedule 1 to the
<ref href="http://www.legislation.gov.uk/id/ukpga/1997/47">Social Security Administration (Fraud) Act 1997 (c.47)</ref>
, paragraph 6 of Schedule 6 and paragraph 1 of Schedule 9 to the
<ref href="http://www.legislation.gov.uk/id/ukpga/2000/19">Child Support, Pensions and Social Security Act 2000 (c.19)</ref>
and by section 16(3) of the
<ref href="http://www.legislation.gov.uk/id/ukpga/2001/11">Social Security Fraud Act 2001 (c.11)</ref>
. Section 114 was amended by section 61 of the
<ref href="http://www.legislation.gov.uk/id/ukpga/1998/14">Social Security Act 1998 (c.14)</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049241">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1993/36">1993 c.36</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049251">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1994/23">1994 c.23</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049261">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1995/39">1995 c.39</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049271">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1998/29">1998 c.29</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049281">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2000/11">2000 c.11</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049291">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2001/24">2001 c.24</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049301">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2001/3641">S.I. 2001/3641</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049311">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2003/3075">S.I. 2003/3075</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049321">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2007/2157">S.I. 2007/2157</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049331">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2002/21">2002 c.21</ref>
. Section 35 was amended by section 124 of the
<ref href="http://www.legislation.gov.uk/id/ukpga/2012/5">Welfare Reform Act 2012 (c.5)</ref>
, and will be repealed when Schedule 14 to that Act comes into force.
</p>
</note>
<note class="commentary M" eId="c23049341">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2002/29">2002 c. 29</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049351">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2005/11">2005 c.11</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049361">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2006/11">2006 c.11</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049371">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2010/23">2010 c.23</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049381">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2015/9">2015 c.9</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049391">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2016/25">2016 c.25</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049401">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2017/22">2017 c.22</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049411">
<p>
Schedule 7A was inserted by section 48 of the
<ref href="http://www.legislation.gov.uk/id/ukpga/2013/22">Crime and Courts Act 2013 (c.22)</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049421">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2000/11">2000 c.11</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049431">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2002/29">2002 c. 29</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049441">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1980/46">1980 c.46</ref>
. Subsection (1A) was inserted by paragraph 12 of Schedule 1 to the
<ref href="http://www.legislation.gov.uk/id/ukpga/1985/73">Law Reform (Miscellaneous Provisions) (Scotland) Act 1985 (c.73)</ref>
. Subsections (1B) and (1C) were inserted by
<ref href="http://www.legislation.gov.uk/id/ssi/2004/383">S.S.I. 2004/383</ref>
, and amended by section 31(3)(a) of the
<ref href="http://www.legislation.gov.uk/id/ukpga/1990/40">Law Reform (Miscellaneous Provisions) (Scotland) Act 1990 (c.40)</ref>
, and section 124(2) of the
<ref href="http://www.legislation.gov.uk/id/asp/2010/16">Legal Services (Scotland) Act 2010 (asp 16)</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049451">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1998/47">1998 c. 47</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049461">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2007/2157">S.I. 2007/2157</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049471">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2000/8">2000 c. 8</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049481">
<p>
Part 20C was inserted by section 30 of the
<ref href="http://www.legislation.gov.uk/id/ukpga/2016/14">Bank of England and Financial Service Act 2016 (c.14)</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049491">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2000/11">2000 c. 11</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049501">
<p>OJ No L 141, 05.06.15, p. 73.</p>
</note>
<note class="commentary M" eId="c23049511">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2000/11">2000 c.11</ref>
. Part 1 of Schedule 3A was substituted by
<ref href="http://www.legislation.gov.uk/id/uksi/2007/3288">S.I. 2007/3288</ref>
. Paragraph 1 of that Schedule was amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2011/99">S.I. 2011/99</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2013/3115">2013/3115</ref>
and
<ref href="http://www.legislation.gov.uk/id/uksi/2015/575">2015/575</ref>
. Paragraph 3 of that Schedule was amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2011/2701">S.I. 2011/2701</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2013/3115">2013/3115</ref>
and
<ref href="http://www.legislation.gov.uk/id/uksi/2015/575">2015/575</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049521">
<p>
Paragraph (b) was amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2011/99">S.I. 2011/99</ref>
and
<ref href="http://www.legislation.gov.uk/id/uksi/2013/3115">2013/3115</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049531">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1974/39">1974 c.39</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049541">
<p>
Paragraph (j) was amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2008/948">S.I. 2008/948</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049551">
<p>
Paragraph 1(6) was substituted by
<ref href="http://www.legislation.gov.uk/id/uksi/2016/680">S.I. 2016/680</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049561">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2001/544">S.I. 2001/544</ref>
. Article 72G was inserted by
<ref href="http://www.legislation.gov.uk/id/uksi/2014/366">S.I. 2014/366</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049571">
<p>
<ref href="http://www.legislation.gov.uk/id/asp/2006/1">2006 asp 1</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049581">
<p>OJ L 176, 27.6.2013, p.338.</p>
</note>
<note class="commentary M" eId="c23049591">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2000/11">2000 c.11</ref>
. Part 2 of Schedule 3A was substituted by
<ref href="http://www.legislation.gov.uk/id/uksi/2007/3288">S.I. 2007/3288</ref>
. Paragraph 4 was amended by paragraph 87(1), (2)(a) and (b) of Schedule 18 to the
<ref href="http://www.legislation.gov.uk/id/ukpga/2012/21">Financial Services Act 2012 (c.21)</ref>
, and by
<ref href="http://www.legislation.gov.uk/id/uksi/2014/892">S.I. 2014/892</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049601">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2001/16">2001 c. 16</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049611">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2007/2157">S.I. 2007/2157</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049621">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2002/29">2002 c. 29</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049631">
<p>OJ L 309, 25.11. 05, p.15.</p>
</note>
<note class="commentary M" eId="c23049641">
<p>OJ L 141, 05.06.15, p.73.</p>
</note>
<note class="commentary M" eId="c23049651">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2002/29">2002 c.29</ref>
. Part 1 of Schedule 9 was substituted by
<ref href="http://www.legislation.gov.uk/id/uksi/2007/3287">S.I. 2007/3287</ref>
. Paragraph 1 of that Schedule was amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2011/99">S.I. 2011/99</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2013/3115">2013/3115</ref>
and
<ref href="http://www.legislation.gov.uk/id/uksi/2015/575">2015/575</ref>
. Paragraph 3 of that Schedule was amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2011/2701">S.I. 2011/2701</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2013/3115">2013/3115</ref>
and
<ref href="http://www.legislation.gov.uk/id/uksi/2015/575">2015/575</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049661">
<p>
Paragraph (b) was amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2011/99">S.I. 2011/99</ref>
and
<ref href="http://www.legislation.gov.uk/id/uksi/2013/3115">2013/3115</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049671">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1974/39">1974 c.39</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049681">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2014/2">2014 c.2</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049691">
<p>
Paragraph 1(6) was amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2016/680">S.I. 2016/680</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049701">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2001/544">S.I. 2001/544</ref>
. Article 3(1) was amended, but the amendments are not relevant to these Regulations.
</p>
</note>
<note class="commentary M" eId="c23049711">
<p>
Article 72G was inserted by
<ref href="http://www.legislation.gov.uk/id/uksi/2014/366">S.I. 2014/366</ref>
, and amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/910">S.I. 2015/910</ref>
and
<ref href="http://www.legislation.gov.uk/id/uksi/2016/392">2016/392</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049721">
<p>
<ref href="http://www.legislation.gov.uk/id/asp/2006/1">2006 asp.1</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049731">
<p>OJ L 176, 27.6.2013, p.338.</p>
</note>
<note class="commentary M" eId="c23049741">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2008/28">2008 c.28</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049751">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2009/11">2009 c. 11</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049761">
<p>OJ L 309, 25.11. 05, p.15.</p>
</note>
<note class="commentary M" eId="c23049771">
<p>OJ L 141, 05.06.15, p.73.</p>
</note>
<note class="commentary M" eId="c23049781">
<p>OJ L 345, 8.12. 06, p.1.</p>
</note>
<note class="commentary M" eId="c23049791">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2013/22">2013 c. 22</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049801">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2014/26">2014 c. 26</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049811">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2016/14">2016 c. 14</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049821">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/1991/1032">S.I. 1991/1032</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049831">
<p>
S.I.
<ref href="http://www.legislation.gov.uk/id/nisr/1999/401">1999/401</ref>
. The Schedule was substituted by
<ref href="http://www.legislation.gov.uk/id/nisr/2014/48">S.R. (N.I.) 2014 No 48</ref>
. There are other amendments which are not relevant to these Regulations.
</p>
</note>
<note class="commentary M" eId="c23049841">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2001/192">S.I. 2001/192</ref>
. The definition of “relevant business” was amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2003/3075">S.I. 2003/3075</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2007/2157">2007/2157</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049851">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2001/341">S.I. 2001/341</ref>
. Regulation 114(3)(b)was amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2003/3075">S.I. 2003/3075</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2007/2157">2007/2157</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2013/472">2013/472</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049861">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2001/497">S.I. 2001/497</ref>
(S.2). Regulation 113(3)(b) was amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2003/3075">S.I. 2003/3075</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2007/2157">2007/2157</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2013/472">2013/472</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049871">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2001/544">S.I. 2001/544</ref>
. Regulation 72E was inserted by
<ref href="http://www.legislation.gov.uk/id/uksi/2005/1518">S.I. 2005/1518</ref>
, and paragraph (9) was amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2007/2157">S.I. 2007/2157</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049881">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2007/2157">S.I. 2007/2157</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049891">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2001/1228">S.I. 2001/1228</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049901">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2003/93">S.I. 2003/93</ref>
. Article 3(d) was amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2007/2157">S.I. 2007/2157</ref>
and
<ref href="http://www.legislation.gov.uk/id/ssi/2014/49">S.S.I. 2014/49</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049911">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2003/171">S.I. 2003/171</ref>
. Article 2 was amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2007/2157">S.I. 2007/2157</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049921">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2007/3544">S.I. 2007/3544</ref>
. The references to Her Majesty's Revenue and Customs and a professional body were amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2009/2981">S.I. 2009/2981</ref>
. There are other amendments to the Schedule which are not relevant to these Regulations.
</p>
</note>
<note class="commentary M" eId="c23049931">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2008/1741">S.I. 2008/1741</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049941">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2009/56">S.I. 2009/56</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049951">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2009/209">S.I. 2009/209</ref>
.
</p>
</note>
<note class="commentary M" eId="c23049961">
<p>Regulation 2(1) was amended, but those amendments are not relevant to these Regulations.</p>
</note>
<note class="commentary M" eId="c23049971">
<p>OJ L 345, 8.12.2006, p.1.</p>
</note>
<note class="commentary M" eId="c23049981">
<p>OJ L 141, 05.06.2015, p.1.</p>
</note>
<note class="commentary M" eId="c23049991">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2000/8">2000 c. 8</ref>
.
</p>
</note>
<note class="commentary M" eId="c23050001">
<p>
Paragraph 10(h) was amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2015/1911">S.I. 2015/1911</ref>
.
</p>
</note>
<note class="commentary M" eId="c23050011">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2009/214">S.I. 2009/214</ref>
. Paragraph 7(b) was amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2013/472">S.I. 2013/472</ref>
.
</p>
</note>
<note class="commentary M" eId="c23050021">
<p>OJ L 309, 25.11. 05, p15.</p>
</note>
<note class="commentary M" eId="c23050031">
<p>OJ L 141, 05.06.15, p73.</p>
</note>
<note class="commentary M" eId="c23050041">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2009/1801">S.I. 2009/1801</ref>
. Paragraph 7(b) was amended by
<ref href="http://www.legislation.gov.uk/id/uksi/2013/472">S.I. 2013/472</ref>
.
</p>
</note>
<note class="commentary M" eId="c23050051">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2011/1848">S.I. 2011/1848</ref>
.
</p>
</note>
<note class="commentary M" eId="c23050061">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2011/99">S.I. 2011/99</ref>
.
</p>
</note>
<note class="commentary M" eId="c23050071">
<p>OJ No L 309, 25.11. 05, p15.</p>
</note>
<note class="commentary M" eId="c23050081">
<p>OJ No L 141, 05.06.15, p73.</p>
</note>
<note class="commentary M" eId="c23050091">
<p>OJ No L 345, 8.12. 06, p1.</p>
</note>
<note class="commentary M" eId="c23050101">
<p>OJ L 141, 05.06.2015, p.1.</p>
</note>
<note class="commentary M" eId="c23050111">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2012/2299">S.I. 2012/2299</ref>
.
</p>
</note>
<note class="commentary M" eId="c23050121">
<p>OJ L 141, 05.06.15, p.73.</p>
</note>
<note class="commentary M" eId="c23050131">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2013/418">S.I. 2013/418</ref>
.
</p>
</note>
<note class="commentary M" eId="c23050141">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2014/2418">S.I. 2014/2418</ref>
. There are amendments to the Schedule, but they are not relevant to these Regulations.
</p>
</note>
<note class="commentary M" eId="c23050151">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2015/1694">S.I. 2015/1694</ref>
.
</p>
</note>
<note class="commentary M" eId="c23050161">
<p>OJ L 309, 25.11. 05, p.15.</p>
</note>
<note class="commentary M" eId="c23050171">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2015/2038">S.I. 2015/2038</ref>
.
</p>
</note>
<note class="commentary M" eId="c23050181">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2016/339">S.I. 2016/339</ref>
.
</p>
</note>
<note class="commentary M" eId="c23050191">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2017/267">S.I. 2017/267</ref>
.
</p>
</note>
<note class="commentary F" eId="key-9dcbd9f7ba5efc7f03b00d903a8999d9">
<p>
Sch. 3 para. 27A inserted (25.5.2018) by
<ref href="http://www.legislation.gov.uk/id/ukpga/2018/12">Data Protection Act 2018 (c. 12)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2018/12/section/212/1">s. 212(1)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2018/12/schedule/19/paragraph/419">Sch. 19 para. 419</ref>
(with
<ref href="http://www.legislation.gov.uk/id/ukpga/2018/12/section/117">ss. 117</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2018/12/section/209">209</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2018/12/section/210">210</ref>
);
<ref href="http://www.legislation.gov.uk/id/uksi/2018/625">S.I. 2018/625</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2018/625/regulation/2/1/g">reg. 2(1)(g)</ref>
</p>
</note>
<note class="commentary M" eId="c23050201">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2000/11">2000 c. 11</ref>
.
</p>
</note>
<note class="commentary M" eId="c23050211">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2002/29">2002 c. 29</ref>
.
</p>
</note>
<note class="commentary M" eId="c23050221">
<p>
Sections 339ZH-339ZK (further information orders) were inserted into Part 7 by section 12 of the Criminal Finances Act
<ref href="http://www.legislation.gov.uk/id/ukpga/2017/22">2017 (c. 22)</ref>
(“the 2017 Act”). Other amendments have been made to Part 7 but none are relevant.
</p>
</note>
<note class="commentary M" eId="c23050231">
<p>Sections 362A-362I (unexplained wealth orders: England and Wales and Northern Ireland) and 396A-396I (unexplained wealth orders: Scotland) were inserted into Part 8 by sections 1 and 4 of the 2017 Act. Sections 357, 358 and 362 (disclosure orders: England and Wales and Northern Ireland) and sections 391, 392 and 396 (disclosure orders: Scotland) were amended by sections 7 and 8 of the 2017 Act. Other amendments have been made to Part 8 but none are relevant.</p>
</note>
<note class="commentary M" eId="c23050241">
<p>Section 445 was amended by section 24(3) of the 2017 Act.</p>
</note>
<note class="commentary M" eId="c23050251">
<p>Part 3 was amended by Schedule 2 (disclosure orders) to the 2017 Act. Sections 22B-22E (further information orders) were inserted into Part 3 by section 37 of the 2017 Act. Other amendments have been made to Part 3 but none are relevant.</p>
</note>
<note class="commentary M" eId="c23050261">
<p>
Section 341 is amended by section 75(1) of the Serious Crime Act
<ref href="http://www.legislation.gov.uk/id/ukpga/2007/27">2007 (c. 27)</ref>
; paragraph 2 of Schedule 19 to the Coroners and Justice Act
<ref href="http://www.legislation.gov.uk/id/ukpga/2009/25">2009 (c. 25)</ref>
; paragraph 110 of Schedule 7 to the Policing and Crime Act
<ref href="http://www.legislation.gov.uk/id/ukpga/2009/26">2009 (c. 26)</ref>
; paragraphs 2 and 25 of Schedule 19 to the Crime and Courts Act
<ref href="http://www.legislation.gov.uk/id/ukpga/2013/22">2013 (c. 22)</ref>
; section 38(1) of, and paragraph 55 of Schedule 4 to, the Serious Crime Act
<ref href="http://www.legislation.gov.uk/id/ukpga/2015/9">2015 (c. 9)</ref>
; and section 33 of, and paragraph 39 of Schedule 5 to, the Criminal Finances Act 2017 (“the 2017 Act”).
</p>
</note>
<note class="commentary M" eId="c23050271">
<p>Schedule 5 was inserted by paragraphs 3 and 4 of Schedule 2 to the 2017 Act.</p>
</note>
<note class="commentary F" eId="key-66e2d30bf50c4a9cde36b2cbc4887a89">
<p>
Sch. 6A inserted (10.1.2020) by
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1511">The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (S.I. 2019/1511)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1511/regulation/1/2">regs. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1511/regulation/13">13</ref>
</p>
</note>
<note class="commentary F" eId="key-7388bd1330148b3050274c4a5af6ce99">
<p>
Sch. 4 para. 19 inserted (10.1.2020) by
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1511">The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (S.I. 2019/1511)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1511/regulation/1/2">regs. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1511/regulation/11/b">11(b)</ref>
</p>
</note>
<note class="commentary F" eId="key-711c2c7760e2745266f58a0418bdb434">
<p>
Sch. 4 para. 12A inserted (10.1.2020) by
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1511">The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (S.I. 2019/1511)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1511/regulation/1/2">regs. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1511/regulation/11/a">11(a)</ref>
</p>
</note>
<note class="commentary F" eId="key-df0e1d35f51a5cb39548a8661428aeca">
<p>
Sch. 6 para. 7(da) inserted (10.1.2020) by
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1511">The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (S.I. 2019/1511)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1511/regulation/1/2">regs. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1511/regulation/12/a">12(a)</ref>
</p>
</note>
<note class="commentary F" eId="key-2795522589af249134a43cb7986ed945">
<p>
Sch. 6 para. 10(c) inserted (10.1.2020) by
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1511">The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (S.I. 2019/1511)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1511/regulation/1/2">regs. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1511/regulation/12/c">12(c)</ref>
</p>
</note>
<note class="commentary F" eId="key-4c19cb643db8f917dd073b22303cf8ed">
<p>
Sch. 6 para. 12(ca)-(cc) inserted (10.1.2020) by
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1511">The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (S.I. 2019/1511)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1511/regulation/1/2">regs. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1511/regulation/12/d">12(d)</ref>
</p>
</note>
<note class="commentary F" eId="key-9feda294611c4bd0db77e2dacbbd6956">
<p>
Sch. 6 para. 9A inserted (10.9.2020) by
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1511">The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (S.I. 2019/1511)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1511/regulation/1/4">regs. 1(4)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/1511/regulation/12/b">12(b)</ref>
</p>
</note>
<note class="commentary F" eId="key-09f9317339cebb797f2306c1cf452fa5">
<p>
Sch. 3A inserted (6.10.2020) by
<ref href="http://www.legislation.gov.uk/id/uksi/2020/991">The Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/991)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/991/regulation/1/2">regs. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/991/regulation/11">11</ref>
</p>
</note>
<note class="commentary F" eId="key-1df34e7a325195c8dc2bb909e00d5e5e">
<p>
Words in Sch. 6 para. 9(c) substituted (6.10.2020) by
<ref href="http://www.legislation.gov.uk/id/uksi/2020/991">The Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/991)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/991/regulation/1/2">regs. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/991/regulation/12/a">12(a)</ref>
</p>
</note>
<note class="commentary F" eId="key-04d6c8aca6f676e3e7fb52af33417b8a">
<p>
Sch. 6 para. 9(d) inserted (6.10.2020) by
<ref href="http://www.legislation.gov.uk/id/uksi/2020/991">The Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/991)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/991/regulation/1/2">regs. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2020/991/regulation/12/b">12(b)</ref>
</p>
</note>
<note class="commentary F" eId="key-5dbe2990c97805307c6bfe848b6898c8">
<p>
Sch. 6 para. 5(a)(v) omitted (31.12.2020) by virtue of
<ref href="http://www.legislation.gov.uk/id/uksi/2019/253">The Money Laundering and Transfer of Funds (Information) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/253)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/253/regulation/1/2">regs. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/253/regulation/11/3">11(3)</ref>
(with savings in
<ref href="http://www.legislation.gov.uk/id/uksi/2019/680">S.I. 2019/680</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2019/680/regulation/11">reg. 11</ref>
);
<ref href="http://www.legislation.gov.uk/id/ukpga/2020/1">2020 c. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1">Sch. 5 para. 1(1)</ref>
</p>
</note>
<note class="commentary F" eId="key-16c3db59155b6456eaa0159a0fc10b8b">
<p>
Words in Sch. 6 para. 1(c)(i) substituted (22.4.2021) by
<ref href="http://www.legislation.gov.uk/id/uksi/2021/494">The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/494)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/494/regulation/1/2">regs. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/494/regulation/8/6/a">8(6)(a)</ref>
</p>
</note>
<note class="commentary F" eId="key-7801474aec77462e00a6b461c8470665">
<p>
Words in Sch. 6 para. 1(c)(ii) substituted (22.4.2021) by
<ref href="http://www.legislation.gov.uk/id/uksi/2021/494">The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/494)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/494/regulation/1/2">regs. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/494/regulation/8/6/b">8(6)(b)</ref>
</p>
</note>
<note class="commentary F" eId="key-3df42e632651e5181683a8a2da96946a">
<p>
Sch. 3ZA substituted (2.11.2021) by
<ref href="http://www.legislation.gov.uk/id/uksi/2021/1218">The Money Laundering and Terrorist Financing (Amendment) (No. 3) (High-Risk Countries) Regulations 2021 (S.I. 2021/1218)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/1218/regulation/1/2">regs. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2021/1218/regulation/2/2">2(2)</ref>
</p>
</note>
<note class="commentary F" eId="key-f83ba7a7803a739629df510198895018">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2017/692/schedule/3A/paragraph/6A">Sch. 3A para. 6A</ref>
inserted (9.3.2022) by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/137">The Money Laundering and Terrorist Financing (Amendment) Regulations 2022 (S.I. 2022/137)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/137/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/137/regulation/5/b">5(b)</ref>
</p>
</note>
<note class="commentary F" eId="key-fb6f2259a3de87d4e9ad86e3bb5852dd">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2017/692/schedule/3A/paragraph/4">Sch. 3A para. 4</ref>
substituted (9.3.2022) by
<ref href="http://www.legislation.gov.uk/id/uksi/2022/137">The Money Laundering and Terrorist Financing (Amendment) Regulations 2022 (S.I. 2022/137)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/137/regulation/1">regs. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2022/137/regulation/5/a">5(a)</ref>
</p>
</note>
</notes>
<proprietary xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" source="#source">
<ukl:RestrictStartDate value="2022-03-09"/>
<ukl:RestrictEndDate value="2022-03-10"/>
<dc:identifier>http://www.legislation.gov.uk/uksi/2017/692/schedules/2022-03-09</dc:identifier>
<dc:title>The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017</dc:title>
<dc:type>text</dc:type>
<dc:format>text/xml</dc:format>
<dc:language>en</dc:language>
<dc:publisher>Statute Law Database</dc:publisher>
<dc:subject scheme="SIheading">FINANCIAL SERVICES</dc:subject>
<dc:modified>2024-09-07</dc:modified>
<dc:contributor>Expert Participation</dc:contributor>
<dct:valid>2022-03-09</dct:valid>
<dc:description>These Regulations replace the Money Laundering Regulations 2007 (S.I. 2007/2157) and the Transfer of Funds (Information on the Payer) Regulations 2007 (S.I. 2007/3298) with updated provisions that implement in part the Fourth Money Laundering Directive 2015/849/EU (“fourth money laundering directive”) of the European Parliament and of the Council of 20th May 2015 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing (OJ L 141, 05.06.2015, p.73) and the Funds Transfer Regulation 2015/847/EU (“funds transfer regulation”) of the European Parliament and of the Council of 20th May 2015 on information accompanying transfers of funds (OJ L 141, 05.06.2015, p.1).</dc:description>
<atom:link rel="self" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2022-03-09/data.xml" type="application/xml"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/resources" href="http://www.legislation.gov.uk/uksi/2017/692/resources" title="More Resources"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/impacts" href="http://www.legislation.gov.uk/uksi/2017/692/impacts" title="Impact Assessments"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/memorandum" href="http://www.legislation.gov.uk/uksi/2017/692/memorandum" title="Explanatory Memorandum"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/memorandum/toc" href="http://www.legislation.gov.uk/uksi/2017/692/memorandum/contents" title="Explanatory Memorandum Table of Contents"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/act" href="http://www.legislation.gov.uk/uksi/2017/692/2022-03-09" title="whole act"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/introduction" href="http://www.legislation.gov.uk/uksi/2017/692/introduction/2022-03-09" title="introduction"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/signature" href="http://www.legislation.gov.uk/uksi/2017/692/signature/2022-03-09" title="signature"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/note" href="http://www.legislation.gov.uk/uksi/2017/692/note/2022-03-09" title="note"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/body" href="http://www.legislation.gov.uk/uksi/2017/692/body/2022-03-09" title="body"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/schedules" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2022-03-09" title="schedules"/>
<atom:link rel="alternate" type="application/rdf+xml" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2022-03-09/data.rdf" title="RDF/XML"/>
<atom:link rel="alternate" type="application/akn+xml" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2022-03-09/data.akn" title="AKN"/>
<atom:link rel="alternate" type="application/xhtml+xml" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2022-03-09/data.xht" title="HTML snippet"/>
<atom:link rel="alternate" type="text/html" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2022-03-09/data.htm" title="Website (XHTML) Default View"/>
<atom:link rel="alternate" type="text/csv" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2022-03-09/data.csv" title="CSV"/>
<atom:link rel="alternate" type="application/pdf" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2022-03-09/data.pdf" title="PDF"/>
<atom:link rel="alternate" type="application/akn+xhtml" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2022-03-09/data.html" title="HTML5 snippet"/>
<atom:link rel="http://purl.org/dc/terms/tableOfContents" hreflang="en" href="http://www.legislation.gov.uk/uksi/2017/692/contents/2022-03-09" title="Table of Contents"/>
<atom:link rel="http://purl.org/dc/terms/replaces" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2021-11-02" title="2021-11-02"/>
<atom:link rel="http://purl.org/dc/terms/isReplacedBy" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2022-03-29" title="2022-03-29"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/made" title="made"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2017-06-26" title="2017-06-26"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2018-05-25" title="2018-05-25"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2020-01-10" title="2020-01-10"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2020-09-10" title="2020-09-10"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2020-10-06" title="2020-10-06"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2020-12-31" title="2020-12-31"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2021-03-26" title="2021-03-26"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2021-04-22" title="2021-04-22"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2021-07-13" title="2021-07-13"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2021-11-02" title="2021-11-02"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2022-03-29" title="2022-03-29"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2022-07-12" title="2022-07-12"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2022-08-11" title="2022-08-11"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2022-08-17" title="2022-08-17"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2022-09-01" title="2022-09-01"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2022-11-15" title="2022-11-15"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2023-04-01" title="2023-04-01"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2023-06-27" title="2023-06-27"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2023-09-01" title="2023-09-01"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2023-12-05" title="2023-12-05"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2017/692/schedules/2024-01-23" title="2024-01-23"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/uksi/2017/692/schedules" title="current"/>
<atom:link rel="up" href="http://www.legislation.gov.uk/uksi/2017/692/2022-03-09" title="Entire legislation"/>
<atom:link rel="prev" href="http://www.legislation.gov.uk/uksi/2017/692/signature/2022-03-09" title="Signature; Signature"/>
<atom:link rel="prevInForce" href="http://www.legislation.gov.uk/uksi/2017/692/signature/2022-03-09" title="Signature; Signature"/>
<atom:link rel="next" href="http://www.legislation.gov.uk/uksi/2017/692/note/2022-03-09" title="Explanatory Note; Explanatory Note"/>
<atom:link rel="nextInForce" href="http://www.legislation.gov.uk/uksi/2017/692/note/2022-03-09" title="Explanatory Note; Explanatory Note"/>
<ukm:SecondaryMetadata>
<ukm:DocumentClassification>
<ukm:DocumentCategory Value="secondary"/>
<ukm:DocumentMainType Value="UnitedKingdomStatutoryInstrument"/>
<ukm:DocumentStatus Value="revised"/>
<ukm:DocumentMinorType Value="regulation"/>
</ukm:DocumentClassification>
<ukm:Year Value="2017"/>
<ukm:Number Value="692"/>
<ukm:ComingIntoForce>
<ukm:DateTime Date="2017-06-26"/>
</ukm:ComingIntoForce>
<ukm:ISBN Value="9780111158500"/>
<ukm:UnappliedEffects>
<ukm:UnappliedEffect AffectingEffectsExtent="E+W+S+N.I." AppendedCommentary="(with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)" Row="5" AffectedExtent="E+W+S+N.I." AffectingURI="http://www.legislation.gov.uk/id/uksi/2019/253" Notes="This amendment not applied to legislation.gov.uk. Reg. 3(b) omitted immediately before IP completion day by virtue of S.I. 2020/628, regs. 1(3), 8(2)(a)" AffectedURI="http://www.legislation.gov.uk/id/uksi/2017/692" AffectedNumber="692" AffectingProvisions="reg. 3(b)" AffectingClass="UnitedKingdomStatutoryInstrument" AffectingYear="2019" AffectedYear="2017" AffectedClass="UnitedKingdomStatutoryInstrument" URI="http://www.legislation.gov.uk/id/effect/key-0b1f781bb2928419b5c5d54ae73ec4a4" Modified="2021-11-09T08:23:24Z" EffectId="key-0b1f781bb2928419b5c5d54ae73ec4a4" RequiresApplied="false" Type="words inserted" AffectingNumber="253" Comments="IP completion day" AffectedProvisions="reg. 3(1)">
<ukm:AffectedTitle>The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:Section Ref="regulation-3-1" URI="http://www.legislation.gov.uk/id/uksi/2017/692/regulation/3/1">reg. 3(1)</ukm:Section>
</ukm:AffectedProvisions>
<ukm:AffectingTitle>The Money Laundering and Transfer of Funds (Information) (Amendment) (EU Exit) Regulations 2019</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="regulation-3-b" URI="http://www.legislation.gov.uk/id/uksi/2019/253/regulation/3/b">reg. 3(b)</ukm:Section>
</ukm:AffectingProvisions>
<ukm:CommencementAuthority>
<ukm:Section Ref="regulation-1-2" URI="http://www.legislation.gov.uk/id/uksi/2019/253/regulation/1/2">reg. 1(2)</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Date="2020-12-31" Qualification="wholly in force"/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
</ukm:UnappliedEffects>
</ukm:SecondaryMetadata>
<ukm:Notes>
<ukm:Note IdURI="http://www.legislation.gov.uk/id/uksi/2017/692/notes"/>
<ukm:Alternatives>
<ukm:Alternative URI="http://www.legislation.gov.uk/uksi/2017/692/pdfs/uksiem_20170692_en.pdf" Date="2017-06-22" Title="UK Explanatory Memorandum" Size="77654"/>
</ukm:Alternatives>
</ukm:Notes>
<ukm:OtherDocuments>
<ukm:OtherDocument URI="http://www.legislation.gov.uk/uksi/2017/692/pdfs/uksiod_20170692_en.pdf" Date="2022-07-22" Title="Post Implementation Review" Size="238326"/>
</ukm:OtherDocuments>
<ukm:Alternatives>
<ukm:Alternative URI="http://www.legislation.gov.uk/uksi/2017/692/pdfs/uksi_20170692_en.pdf" Date="2017-06-23" Size="672981"/>
</ukm:Alternatives>
<ukm:TranspositionNotes>
<ukm:TranspositionNote URI="http://www.legislation.gov.uk/uksi/2017/692/pdfs/uksitn_20170692_en.pdf" Date="2017-06-22" Title="Transposition Note" Size="386097"/>
</ukm:TranspositionNotes>
<ukm:ImpactAssessments>
<ukm:ImpactAssessment URI="http://www.legislation.gov.uk/ukia/2017/118/pdfs/ukia_20170118_en.pdf" Date="2017-07-07" Title="Money Laundering Regulations 2017" Stage="Final" Department="HM Treasury" Year="2017" Number="118" Size="216698"/>
</ukm:ImpactAssessments>
<ukm:Statistics>
<ukm:TotalParagraphs Value="345"/>
<ukm:BodyParagraphs Value="132"/>
<ukm:ScheduleParagraphs Value="213"/>
<ukm:AttachmentParagraphs Value="0"/>
<ukm:TotalImages Value="0"/>
</ukm:Statistics>
</proprietary>
</meta>
<portionBody>
<hcontainer name="schedules" eId="d4e127" period="#period15">
<heading>SCHEDULES</heading>
<hcontainer name="schedule" eId="schedule-1" period="#period1">
<num>
SCHEDULE 1
<authorialNote class="referenceNote" placement="right">
<p> Regulation 7(1)(b)</p>
</authorialNote>
</num>
<heading>Professional Bodies</heading>
<paragraph eId="schedule-1-paragraph-1" period="#period1">
<num>1</num>
<content>
<p>Association of Accounting Technicians</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-2" period="#period1">
<num>2</num>
<content>
<p>Association of Chartered Certified Accountants</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-3" period="#period1">
<num>3</num>
<content>
<p>Association of International Accountants</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-4" period="#period1">
<num>4</num>
<content>
<p>Association of Taxation Technicians</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-5" period="#period1">
<num>5</num>
<content>
<p>Chartered Institute of Legal Executives</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-6" period="#period1">
<num>6</num>
<content>
<p>Chartered Institute of Management Accountants</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-7" period="#period1">
<num>7</num>
<content>
<p>Chartered Institute of Taxation</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-8" period="#period1">
<num>8</num>
<content>
<p>Council for Licensed Conveyancers</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-9" period="#period1">
<num>9</num>
<content>
<p>Faculty of Advocates</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-10" period="#period1">
<num>10</num>
<content>
<p>Faculty Office of the Archbishop of Canterbury</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-11" period="#period1">
<num>11</num>
<content>
<p>General Council of the Bar</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-12" period="#period1">
<num>12</num>
<content>
<p>General Council of the Bar of Northern Ireland</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-13" period="#period1">
<num>13</num>
<content>
<p>Insolvency Practitioners Association</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-14" period="#period1">
<num>14</num>
<content>
<p>Institute of Certified Bookkeepers</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-15" period="#period1">
<num>15</num>
<content>
<p>Institute of Chartered Accountants in England and Wales</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-16" period="#period1">
<num>16</num>
<content>
<p>Institute of Chartered Accountants in Ireland</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-17" period="#period1">
<num>17</num>
<content>
<p>Institute of Chartered Accountants of Scotland</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-18" period="#period1">
<num>18</num>
<content>
<p>Institute of Financial Accountants</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-19" period="#period1">
<num>19</num>
<content>
<p>International Association of Bookkeepers</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-20" period="#period1">
<num>20</num>
<content>
<p>Law Society</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-21" period="#period1">
<num>21</num>
<content>
<p>Law Society of Northern Ireland</p>
</content>
</paragraph>
<paragraph eId="schedule-1-paragraph-22" period="#period1">
<num>22</num>
<content>
<p>Law Society of Scotland</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="schedule" eId="schedule-2" period="#period2">
<num>
SCHEDULE 2
<authorialNote class="referenceNote" placement="right">
<p> Regulation 10(4)</p>
</authorialNote>
</num>
<heading>Activities listed in points 2 to 12, 14 and 15 of Annex I to the Capital Requirements Directive</heading>
<paragraph eId="schedule-2-paragraph-wrapper1n1" period="#period1">
<heading/>
<content>
<p>The activities listed in points 2 to 12, 14 and 15 of Annex I to the Capital Requirements Directive are—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<hcontainer name="regulation" eId="d4e287">
<num>2</num>
<content>
<p>Lending including, inter alia: consumer credit, credit agreements relating to immovable property, factoring, with or without recourse, financing of commercial transactions (including forfeiting).</p>
</content>
</hcontainer>
<hcontainer name="regulation" eId="d4e293">
<num>3</num>
<content>
<p>Financial leasing.</p>
</content>
</hcontainer>
<hcontainer name="regulation" eId="d4e299">
<num>4</num>
<content>
<p>
Payment services as defined in point (3) of Article 4 of Directive 2015/2366/EU
<noteRef href="#c23049111" marker="M1" class="commentary M"/>
.
</p>
</content>
</hcontainer>
<hcontainer name="regulation" eId="d4e307">
<num>5</num>
<content>
<p>Issuing and administering other means of payment (e.g. travellers' cheques and bankers' drafts) insofar as such activity is not covered by point 4.</p>
</content>
</hcontainer>
<hcontainer name="regulation" eId="d4e313">
<num>6</num>
<content>
<p>Guarantees and commitments.</p>
</content>
</hcontainer>
<hcontainer name="regulation" eId="d4e319">
<num>7</num>
<intro>
<p>Trading for own account or for account of customers in any of the following:</p>
</intro>
<subparagraph eId="d4e325">
<num>a</num>
<content>
<p>money market instruments (cheques, bills, certificates of deposit, etc.);</p>
</content>
</subparagraph>
<subparagraph eId="d4e331">
<num>b</num>
<content>
<p>foreign exchange;</p>
</content>
</subparagraph>
<subparagraph eId="d4e337">
<num>c</num>
<content>
<p>financial futures and options;</p>
</content>
</subparagraph>
<subparagraph eId="d4e343">
<num>d</num>
<content>
<p>exchange and interest-rate instruments;</p>
</content>
</subparagraph>
<subparagraph eId="d4e349">
<num>e</num>
<content>
<p>transferable securities.</p>
</content>
</subparagraph>
</hcontainer>
<hcontainer name="regulation" eId="d4e355">
<num>8</num>
<content>
<p>Participation in securities issues and the provision of services relating to such issues.</p>
</content>
</hcontainer>
<hcontainer name="regulation" eId="d4e361">
<num>9</num>
<content>
<p>Advice to undertakings on capital structure, industrial strategy and related questions and advice as well as services relating to mergers and the purchase of undertakings.</p>
</content>
</hcontainer>
<hcontainer name="regulation" eId="d4e367">
<num>10</num>
<content>
<p>Money broking.</p>
</content>
</hcontainer>
<hcontainer name="regulation" eId="d4e373">
<num>11</num>
<content>
<p>Portfolio management and advice.</p>
</content>
</hcontainer>
<hcontainer name="regulation" eId="d4e379">
<num>12</num>
<content>
<p>Safekeeping and administration of securities.</p>
</content>
</hcontainer>
<hcontainer name="regulation" eId="d4e386">
<num>14</num>
<content>
<p>Safe custody services.</p>
</content>
</hcontainer>
<hcontainer name="regulation" eId="d4e392">
<num>15</num>
<content>
<p>Issuing electronic money.</p>
</content>
</hcontainer>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="schedule" eId="schedule-3" period="#period3">
<num>
SCHEDULE 3
<authorialNote class="referenceNote" placement="right">
<p> Regulation 26(14)</p>
</authorialNote>
</num>
<heading>Relevant Offences</heading>
<paragraph eId="schedule-3-paragraph-1" period="#period1">
<num>1</num>
<content>
<p>
An offence under the Perjury Act 1911
<noteRef href="#c23049121" marker="M2" class="commentary M"/>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-2" period="#period1">
<num>2</num>
<content>
<p>
An offence under section 89 of the Criminal Justice Act 1967 (false written statements tendered in evidence)
<noteRef href="#c23049131" marker="M3" class="commentary M"/>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-3" period="#period1">
<num>3</num>
<content>
<p>
An offence under section 20BB of the Taxes Management Act 1970 (falsification of documents)
<noteRef href="#c23049141" marker="M4" class="commentary M"/>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-4" period="#period1">
<num>4</num>
<content>
<p>
An offence under section 11 of the European Communities Act 1972 (EU offences)
<noteRef href="#c23049151" marker="M5" class="commentary M"/>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-5" period="#period1">
<num>5</num>
<content>
<p>
An offence under Article 10 of the Perjury (Northern Ireland) Order 1979 (false statutory declarations and other false unsworn statements)
<noteRef href="#c23049161" marker="M6" class="commentary M"/>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-6" period="#period1">
<num>6</num>
<content>
<p>
An offence under the Customs and Excise Management Act 1979
<noteRef href="#c23049171" marker="M7" class="commentary M"/>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-7" period="#period1">
<num>7</num>
<content>
<p>
An offence under the Estate Agency Act 1979, or specified for the purposes of section 3 of that Act in the Estate Agents (Specified Offences) (No 2) Order 1991
<noteRef href="#c23049181" marker="M8" class="commentary M"/>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-8" period="#period1">
<num>8</num>
<content>
<p>
An offence under any of sections 1 to 5 of the Forgery and Counterfeiting Act 1981
<noteRef href="#c23049191" marker="M9" class="commentary M"/>
(counterfeiting offences).
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-9" period="#period1">
<num>9</num>
<content>
<p>
An offence under section 35 of the Administration of Justice Act 1985 (penalty for pretending to be a licensed conveyancer or recognised body)
<noteRef href="#c23049201" marker="M10" class="commentary M"/>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-10" period="#period1">
<num>10</num>
<content>
<p>
An offence under section 11(1) (undischarged bankrupts) or 13 (criminal penalties) of the Company Directors Disqualification Act 1986
<noteRef href="#c23049211" marker="M11" class="commentary M"/>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-11" period="#period1">
<num>11</num>
<content>
<p>
An offence under section 1, 2, 3, 3ZA or 3A of the Computer Misuse Act 1990
<noteRef href="#c23049221" marker="M12" class="commentary M"/>
(computer misuse offences).
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-12" period="#period1">
<num>12</num>
<content>
<p>
An offence under section 112 (false representations or obtaining benefit) or 114 (offences relating to contributions) of the Social Security Administration Act 1992
<noteRef href="#c23049231" marker="M13" class="commentary M"/>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-13" period="#period1">
<num>13</num>
<content>
<p>
An offence under section 52 of the Criminal Justice Act 1993
<noteRef href="#c23049241" marker="M14" class="commentary M"/>
(the offence of insider dealing).
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-14" period="#period1">
<num>14</num>
<content>
<p>
An offence under the Value Added Tax Act 1994
<noteRef href="#c23049251" marker="M15" class="commentary M"/>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-15" period="#period1">
<num>15</num>
<content>
<p>
An offence under section 44(2) of the Criminal Law (Consolidation) (Scotland) Act 1995 (false statement and declarations)
<noteRef href="#c23049261" marker="M16" class="commentary M"/>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-16" period="#period1">
<num>16</num>
<content>
<p>
An offence under the Data Protection Act 1998
<noteRef href="#c23049271" marker="M17" class="commentary M"/>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-17" period="#period1">
<num>17</num>
<content>
<p>
An offence under the Terrorism Act 2000
<noteRef href="#c23049281" marker="M18" class="commentary M"/>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-18" period="#period1">
<num>18</num>
<content>
<p>
An offence under paragraph 7(2) or (3) of Schedule 3 to the Anti-Terrorism, Crime and Security Act 2001
<noteRef href="#c23049291" marker="M19" class="commentary M"/>
(offences).
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-19" period="#period1">
<num>19</num>
<content>
<p>
An offence under the Money Laundering Regulations 2001
<noteRef href="#c23049301" marker="M20" class="commentary M"/>
, the Money Laundering Regulations 2003
<noteRef href="#c23049311" marker="M21" class="commentary M"/>
, the Money Laundering Regulations 2007
<noteRef href="#c23049321" marker="M22" class="commentary M"/>
or under these Regulations.
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-20" period="#period1">
<num>20</num>
<content>
<p>
An offence under section 35 of the Tax Credits Act 2002
<noteRef href="#c23049331" marker="M23" class="commentary M"/>
(offence of fraud).
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-21" period="#period1">
<num>21</num>
<content>
<p>
An offence under Part 7 (money laundering) or Part 8 (investigations) of, or listed in Schedule 2 (lifestyle offences: England and Wales), 4 (lifestyle offences: Scotland) or 5 (lifestyle offences: Northern Ireland) to, the Proceeds of Crime Act 2002
<noteRef href="#c23049341" marker="M24" class="commentary M"/>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-22" period="#period1">
<num>22</num>
<content>
<p>
An offence under the Commissioners for Revenue and Customs Act 2005
<noteRef href="#c23049351" marker="M25" class="commentary M"/>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-23" period="#period1">
<num>23</num>
<content>
<p>
An offence under the Terrorism Act 2006
<noteRef href="#c23049361" marker="M26" class="commentary M"/>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-24" period="#period1">
<num>24</num>
<content>
<p>
An offence under section 1, 2, 6 or 7 of the Bribery Act 2010
<noteRef href="#c23049371" marker="M27" class="commentary M"/>
(bribery).
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-25" period="#period1">
<num>25</num>
<content>
<p>
An offence under section 45 of the Serious Crime Act 2015
<noteRef href="#c23049381" marker="M28" class="commentary M"/>
(offence of participating in activities of organised crime gang).
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-26" period="#period1">
<num>26</num>
<content>
<p>
An offence under Parts 1 (general privacy protections); 2 (lawful interception of communications), 3 (authorisations for obtaining communications data), 5 (equipment interference), 6 (bulk warrants) and 7 (bulk personal dataset warrants) of the Investigatory Powers Act 2016
<noteRef href="#c23049391" marker="M29" class="commentary M"/>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-27" period="#period1">
<num>27</num>
<content>
<p>
An offence under section 45 (failure to prevent facilitation of UK tax evasion offences) or 46 (failure to prevent facilitation of foreign tax evasion offences) of the Criminal Finances Act 2017
<noteRef href="#c23049401" marker="M30" class="commentary M"/>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-27A" period="#period3">
<num>
<ins class="key-9dcbd9f7ba5efc7f03b00d903a8999d9-1579217852696 first">
<noteRef href="#key-9dcbd9f7ba5efc7f03b00d903a8999d9" marker="F1" class="commentary attribute F"/>
27A
</ins>
</num>
<content>
<p>
<ins class="key-9dcbd9f7ba5efc7f03b00d903a8999d9-1579217852696 last">An offence under the Data Protection Act 2018, apart from an offence under section 173 of that Act.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-28" period="#period1">
<num>28</num>
<content>
<p>An offence of cheating the public revenue.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-29" period="#period1">
<num>29</num>
<content>
<p>An offence under the law of any part of the United Kingdom consisting of being knowingly concerned in, or in taking steps with a view to, the fraudulent evasion of tax.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-30" period="#period1">
<num>30</num>
<content>
<p>Any offence which has deception or dishonesty as one of its components.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-31" period="#period1">
<num>31</num>
<content>
<p>The common law offences of conspiracy to defraud and perverting the course of justice.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-32" period="#period1">
<num>32</num>
<content>
<p>An offence of attempting, conspiring or inciting the commission of an offence specified in this Schedule.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-33" period="#period1">
<num>33</num>
<content>
<p>An offence under section 44 of the Serious Crime Act 2007 of doing an act capable of encouraging or assisting the commission of an offence specified in this Schedule.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-34" period="#period1">
<num>34</num>
<content>
<p>An offence of aiding, abetting, counselling or procuring the commission of an offence specified in this Schedule.</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-35" period="#period1">
<num>35</num>
<intro>
<p>An act which—</p>
</intro>
<paragraph eId="schedule-3-paragraph-35-a">
<num>a</num>
<content>
<p>constituted an offence under the law of a foreign country, and</p>
</content>
</paragraph>
<paragraph eId="schedule-3-paragraph-35-b">
<num>b</num>
<intro>
<p>would have constituted an offence under any of paragraphs 1 to 34 under the law of any part of the United Kingdom if it had been done—</p>
</intro>
<subparagraph eId="schedule-3-paragraph-35-b-i">
<num>i</num>
<content>
<p>in that part of the United Kingdom;</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-35-b-ii">
<num>ii</num>
<content>
<p>
by a person who is linked to part of the United Kingdom (within the meaning of paragraph 5(3) of Schedule 7A to the Proceeds of Crime Act 2002 (connection with relevant part of the United Kingdom)
<noteRef href="#c23049411" marker="M31" class="commentary M"/>
); or
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3-paragraph-35-b-iii">
<num>iii</num>
<content>
<p>as regards the United Kingdom.</p>
</content>
</subparagraph>
</paragraph>
</paragraph>
</hcontainer>
<hcontainer name="schedule" eId="schedule-3ZA" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150 first">
<noteRef href="#key-3df42e632651e5181683a8a2da96946a" marker="F15" class="commentary attribute F"/>
SCHEDULE
</ins>
 
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">3ZA</ins>
<authorialNote class="referenceNote" placement="right">
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">Regulation 33(3)</ins>
</p>
</authorialNote>
</num>
<heading>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">High-Risk Third Countries</ins>
</heading>
<paragraph eId="schedule-3ZA-paragraph-1" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">1</ins>
</num>
<content>
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">Albania</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3ZA-paragraph-2" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">2</ins>
</num>
<content>
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">Barbados</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3ZA-paragraph-3" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">3</ins>
</num>
<content>
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">Burkina Faso</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3ZA-paragraph-4" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">4</ins>
</num>
<content>
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">Cambodia</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3ZA-paragraph-5" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">5</ins>
</num>
<content>
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">Cayman Islands</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3ZA-paragraph-6" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">6</ins>
</num>
<content>
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">Democratic People’s Republic of Korea</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3ZA-paragraph-7" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">7</ins>
</num>
<content>
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">Haiti</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3ZA-paragraph-8" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">8</ins>
</num>
<content>
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">Iran</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3ZA-paragraph-9" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">9</ins>
</num>
<content>
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">Jamaica</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3ZA-paragraph-10" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">10</ins>
</num>
<content>
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">Jordan</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3ZA-paragraph-11" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">11</ins>
</num>
<content>
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">Mali</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3ZA-paragraph-12" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">12</ins>
</num>
<content>
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">Malta</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3ZA-paragraph-13" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">13</ins>
</num>
<content>
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">Morocco</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3ZA-paragraph-14" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">14</ins>
</num>
<content>
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">Myanmar</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3ZA-paragraph-15" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">15</ins>
</num>
<content>
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">Nicaragua</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3ZA-paragraph-16" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">16</ins>
</num>
<content>
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">Pakistan</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3ZA-paragraph-17" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">17</ins>
</num>
<content>
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">Panama</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3ZA-paragraph-18" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">18</ins>
</num>
<content>
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">Philippines</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3ZA-paragraph-19" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">19</ins>
</num>
<content>
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">Senegal</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3ZA-paragraph-20" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">20</ins>
</num>
<content>
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">South Sudan</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3ZA-paragraph-21" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">21</ins>
</num>
<content>
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">Syria</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3ZA-paragraph-22" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">22</ins>
</num>
<content>
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">Turkey</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3ZA-paragraph-23" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">23</ins>
</num>
<content>
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">Uganda</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3ZA-paragraph-24" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">24</ins>
</num>
<content>
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">Yemen</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3ZA-paragraph-25" period="#period12">
<num>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150">25</ins>
</num>
<content>
<p>
<ins class="substitution key-3df42e632651e5181683a8a2da96946a-1636462771150 last">Zimbabwe</ins>
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="schedule" eId="schedule-3A" period="#period16">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573 first">
<noteRef href="#key-09f9317339cebb797f2306c1cf452fa5" marker="F9" class="commentary attribute F"/>
SCHEDULE 3A
</ins>
<authorialNote class="referenceNote" placement="right">
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">Regulation 42</ins>
</p>
</authorialNote>
</num>
<heading>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">Excluded Trusts</ins>
</heading>
<paragraph eId="schedule-3A-paragraph-1" period="#period7">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">1</ins>
</num>
<heading>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">Legislative Trusts</ins>
</heading>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">A trust imposed or required by an enactment.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-2" period="#period7">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">2</ins>
</num>
<heading>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">Trusts imposed by court order</ins>
</heading>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">A trust created by, or in order to satisfy the terms of, an order of a court or tribunal.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-3" period="#period7">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">3</ins>
</num>
<heading>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">Pension scheme trusts</ins>
</heading>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">A trust holding sums or assets of a pension scheme which is a registered pension scheme for the purposes of Part 4 of the Finance Act 2004.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-4" period="#period13">
<num>
<ins class="substitution key-fb6f2259a3de87d4e9ad86e3bb5852dd-1646908214302 first">
<noteRef href="#key-fb6f2259a3de87d4e9ad86e3bb5852dd" marker="F17" class="commentary attribute F"/>
4
</ins>
</num>
<heading>Trusts of insurance policies</heading>
<subparagraph eId="schedule-3A-paragraph-4-1">
<num>
<ins class="substitution key-fb6f2259a3de87d4e9ad86e3bb5852dd-1646908214302">1</ins>
</num>
<intro>
<p>
<ins class="substitution key-fb6f2259a3de87d4e9ad86e3bb5852dd-1646908214302">A trust of a life policy paying out only—</ins>
</p>
</intro>
<paragraph eId="schedule-3A-paragraph-4-1-a">
<num>
<ins class="substitution key-fb6f2259a3de87d4e9ad86e3bb5852dd-1646908214302">a</ins>
</num>
<content>
<p>
<ins class="substitution key-fb6f2259a3de87d4e9ad86e3bb5852dd-1646908214302">on the death, terminal or critical illness, or permanent or temporary disablement of the person assured; or</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-4-1-b">
<num>
<ins class="substitution key-fb6f2259a3de87d4e9ad86e3bb5852dd-1646908214302">b</ins>
</num>
<content>
<p>
<ins class="substitution key-fb6f2259a3de87d4e9ad86e3bb5852dd-1646908214302">to meet the cost of healthcare services provided to the person assured.</ins>
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-3A-paragraph-4-2">
<num>
<ins class="substitution key-fb6f2259a3de87d4e9ad86e3bb5852dd-1646908214302">2</ins>
</num>
<intro>
<p>
<ins class="substitution key-fb6f2259a3de87d4e9ad86e3bb5852dd-1646908214302">A trust of an insurance policy paying out only—</ins>
</p>
</intro>
<paragraph eId="schedule-3A-paragraph-4-2-a">
<num>
<ins class="substitution key-fb6f2259a3de87d4e9ad86e3bb5852dd-1646908214302">a</ins>
</num>
<content>
<p>
<ins class="substitution key-fb6f2259a3de87d4e9ad86e3bb5852dd-1646908214302">on the temporary disablement of the person assured, where that policy was applied for at the same time as a policy under sub-paragraph (1); or</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-4-2-b">
<num>
<ins class="substitution key-fb6f2259a3de87d4e9ad86e3bb5852dd-1646908214302">b</ins>
</num>
<content>
<p>
<ins class="substitution key-fb6f2259a3de87d4e9ad86e3bb5852dd-1646908214302">to meet the cost of healthcare services provided to the person assured.</ins>
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-3A-paragraph-4-3">
<num>
<ins class="substitution key-fb6f2259a3de87d4e9ad86e3bb5852dd-1646908214302">3</ins>
</num>
<content>
<p>
<ins class="substitution key-fb6f2259a3de87d4e9ad86e3bb5852dd-1646908214302 last">A trust of the benefits payable on the death of the person assured under a retirement policy.</ins>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-3A-paragraph-5" period="#period7">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">5</ins>
</num>
<heading>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">Charitable trusts</ins>
</heading>
<intro>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">A trust for charitable purposes which—</ins>
</p>
</intro>
<paragraph eId="schedule-3A-paragraph-5-a">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">a</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">in Scotland or Northern Ireland, is registered as a charity; or</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-5-b">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">b</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">in England and Wales, is registered as a charity or not required to register by virtue of section 30(2)(a) to (d) of the Charities Act 2011.</ins>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-3A-paragraph-6" period="#period7">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">6</ins>
</num>
<heading>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">Pilot trusts</ins>
</heading>
<intro>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">A trust which—</ins>
</p>
</intro>
<paragraph eId="schedule-3A-paragraph-6-a">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">a</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">holds property with a value not exceeding £100, and</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-6-b">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">b</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">was created before the date on which regulation 42(2)(iii) of these Regulations comes into force.</ins>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-3A-paragraph-6A" period="#period13">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<ins class="key-f83ba7a7803a739629df510198895018-1646906514524">6A</ins>
</ins>
</num>
<heading>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<ins class="key-f83ba7a7803a739629df510198895018-1646906514524 first">
<noteRef href="#key-f83ba7a7803a739629df510198895018" marker="F16" class="commentary attribute F"/>
Bank accounts for minors etc
</ins>
</ins>
</heading>
<subparagraph eId="schedule-3A-paragraph-6A-1">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<ins class="key-f83ba7a7803a739629df510198895018-1646906514524">1</ins>
</ins>
</num>
<intro>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<ins class="key-f83ba7a7803a739629df510198895018-1646906514524">A trust which is created as a requirement of opening a relevant account for the sole benefit of—</ins>
</ins>
</p>
</intro>
<paragraph eId="schedule-3A-paragraph-6A-1-a">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<ins class="key-f83ba7a7803a739629df510198895018-1646906514524">a</ins>
</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<ins class="key-f83ba7a7803a739629df510198895018-1646906514524">a person under the age of 18;</ins>
</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-6A-1-b">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<ins class="key-f83ba7a7803a739629df510198895018-1646906514524">b</ins>
</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<ins class="key-f83ba7a7803a739629df510198895018-1646906514524">a person who lacks capacity within the meaning of section 2 of the Mental Capacity Act 2005</ins>
</ins>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<ins class="key-f83ba7a7803a739629df510198895018-1646906514524">;</ins>
</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-6A-1-c">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<ins class="key-f83ba7a7803a739629df510198895018-1646906514524">c</ins>
</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<ins class="key-f83ba7a7803a739629df510198895018-1646906514524">a person who is incapable within the meaning of section 1 of the Adults with Incapacity (Scotland) Act 2000</ins>
</ins>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<ins class="key-f83ba7a7803a739629df510198895018-1646906514524">; or</ins>
</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-6A-1-d">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<ins class="key-f83ba7a7803a739629df510198895018-1646906514524">d</ins>
</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<ins class="key-f83ba7a7803a739629df510198895018-1646906514524">a person who is incapable of managing and administering the person’s property and affairs, by reason of mental disorder within the meaning of Article 3(1) of the Mental Health (Northern Ireland) Order 1986</ins>
</ins>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<ins class="key-f83ba7a7803a739629df510198895018-1646906514524">.</ins>
</ins>
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-3A-paragraph-6A-2">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<ins class="key-f83ba7a7803a739629df510198895018-1646906514524">2</ins>
</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<ins class="key-f83ba7a7803a739629df510198895018-1646906514524">In this paragraph—</ins>
</ins>
</p>
<blockList class="unordered">
<item>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<ins class="key-f83ba7a7803a739629df510198895018-1646906514524"></ins>
</ins>
<term refersTo="#term-relevant-account">
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<ins class="key-f83ba7a7803a739629df510198895018-1646906514524">relevant account</ins>
</ins>
</term>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<ins class="key-f83ba7a7803a739629df510198895018-1646906514524">” means an account, consisting only of a sum of money, held with an authorised Part 4A person carrying on by way of business the activity specified in article 5 (accepting deposits) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001</ins>
</ins>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<ins class="key-f83ba7a7803a739629df510198895018-1646906514524">;</ins>
</ins>
</p>
</item>
<item>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<ins class="key-f83ba7a7803a739629df510198895018-1646906514524"></ins>
</ins>
<term refersTo="#term-authorised-part-4a-person">
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<ins class="key-f83ba7a7803a739629df510198895018-1646906514524">authorised Part 4A person</ins>
</ins>
</term>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<ins class="key-f83ba7a7803a739629df510198895018-1646906514524">” means an authorised person who has a Part 4A permission, within the meaning given to that term in section 55A(5) of FSMA</ins>
</ins>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">
<ins class="key-f83ba7a7803a739629df510198895018-1646906514524 last">, to carry on that specified activity.</ins>
</ins>
</p>
</item>
</blockList>
</content>
</subparagraph>
</paragraph>
<hcontainer name="P1group" eId="d4e1216" period="#period7">
<heading>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">Trusts having effect on death</ins>
</heading>
<paragraph eId="schedule-3A-paragraph-7">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">7</ins>
</num>
<subparagraph eId="schedule-3A-paragraph-7-1">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">1</ins>
</num>
<intro>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">A trust effected by will where—</ins>
</p>
</intro>
<paragraph eId="schedule-3A-paragraph-7-1-a">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">a</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">the trust is holding only the property comprised in a person’s estate on death, and</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-7-1-b">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">b</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">less than two years has passed since that person’s death.</ins>
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-3A-paragraph-7-2">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">2</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">In this paragraph, a person’s “estate” means the aggregate of all the property to which that person is beneficially entitled.</ins>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-3A-paragraph-8">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">8</ins>
</num>
<intro>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">A trust where—</ins>
</p>
</intro>
<paragraph eId="schedule-3A-paragraph-8-a">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">a</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">the trust is holding only benefits received on the death of the person assured under a policy within paragraph 4, and</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-8-b">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">b</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">less than two years has passed since that person’s death.</ins>
</p>
</content>
</paragraph>
</paragraph>
</hcontainer>
<paragraph eId="schedule-3A-paragraph-9" period="#period7">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">9</ins>
</num>
<heading>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">Co-ownership</ins>
</heading>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">A trust of jointly held property where the trustees and the beneficiaries are the same persons.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-10" period="#period7">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">10</ins>
</num>
<heading>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">Financial markets infrastructure</ins>
</heading>
<subparagraph eId="schedule-3A-paragraph-10-1">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">1</ins>
</num>
<intro>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">A trust—</ins>
</p>
</intro>
<paragraph eId="schedule-3A-paragraph-10-1-a">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">a</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">created under, or for the purpose of, the default arrangements of a designated system or of the default rules of a recognised body, or for the purpose of any action or proceedings taken by or for such a system or body under such arrangements or rules;</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-10-1-b">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">b</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">relating to the creation of a beneficial interest in securities belonging to a person whose name and address are maintained on a register of securities (within the meaning of regulation 3(1) of the Uncertificated Securities Regulations 2001); or</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-10-1-c">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">c</ins>
</num>
<intro>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">created by or for a segregating entity—</ins>
</p>
</intro>
<subparagraph eId="schedule-3A-paragraph-10-1-c-i">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">i</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">for the purpose of protecting sums or assets belonging to the segregating entity’s clients; or</ins>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-3A-paragraph-10-1-c-ii">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">ii</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">for the purpose of complying with a legal obligation to safeguard and segregate sums or assets belonging to the segregating entity’s clients or to keep separate client records and accounts.</ins>
</p>
</content>
</subparagraph>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-3A-paragraph-10-2">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">2</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">In this paragraph—</ins>
</p>
<blockList class="unordered">
<item>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">“clearing member” and “default rules” have the meanings given, respectively, in sections 190(1) and 188 of the Companies Act 1989;</ins>
</p>
</item>
<item>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">“default arrangements”, “designated system” and “participant” have the meanings given in regulation 2(1) of the Financial Markets and Insolvency (Settlement Finality) Regulations 1999;</ins>
</p>
</item>
<item>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">“recognised body” and “recognised central counterparty” have the meanings given in section 313 of FSMA;</ins>
</p>
</item>
<item>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">“segregating entity” means—</ins>
</p>
<blockList class="ordered">
<item>
<num>a</num>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">an authorised person;</ins>
</p>
</item>
<item>
<num>b</num>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">a clearing member of a recognised central counterparty;</ins>
</p>
</item>
<item>
<num>c</num>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">a participant in a designated system;</ins>
</p>
</item>
<item>
<num>d</num>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">a designated system; or</ins>
</p>
</item>
<item>
<num>e</num>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">a recognised body.</ins>
</p>
</item>
</blockList>
</item>
</blockList>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-3A-paragraph-11" period="#period7">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">11</ins>
</num>
<heading>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">Professional services</ins>
</heading>
<intro>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">A trust created for the purpose of enabling or facilitating the holding of sums, assets or (in the case of sub-paragraph (c)), documents, belonging to a person other than the trustee, in connection with which sums, assets or documents the trustee is—</ins>
</p>
</intro>
<paragraph eId="schedule-3A-paragraph-11-a">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">a</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">carrying on by way of business the activity specified in article 40 (safeguarding and administering investments) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-11-b">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">b</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">acting by way of business as the trustee of an authorised unit trust scheme (and for this purpose “trustee” and “authorised unit trust scheme” have the meanings given in section 237 of FSMA); or</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-11-c">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">c</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">acting by way of business as an agent holding sums, assets or documents in escrow until the performance of a contractual condition agreed between two or more other persons, including the person for whom the sums, assets or documents are being held.</ins>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-3A-paragraph-12" period="#period7">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">12</ins>
</num>
<heading>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">Client money etc.</ins>
</heading>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">A trust created by a relevant supervised person for the purpose of holding client money, securities or other assets, where that trust is incidental to the carrying on of business by the relevant supervised person.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-13" period="#period8">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">13</ins>
</num>
<heading>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">Capital markets etc.</ins>
</heading>
<intro>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">A trust created for the purpose of enabling or facilitating an activity listed in points 2, 3, 6, 7 or 8 of Annex 1 to the capital requirements directive as set out in Schedule 2, or for protecting or enforcing rights relating to that activity, where—</ins>
</p>
</intro>
<paragraph eId="schedule-3A-paragraph-13-a">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">a</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">one or more of the participants in that activity is a relevant supervised person, and</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-13-b">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">b</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">the use of the trust is incidental to the principal purpose of that activity.</ins>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-3A-paragraph-14" period="#period7">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">14</ins>
</num>
<heading>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">Commercial transactions</ins>
</heading>
<intro>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">A trust created for the purpose of—</ins>
</p>
</intro>
<paragraph eId="schedule-3A-paragraph-14-a">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">a</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">enabling or facilitating a transaction effected for genuine commercial reasons; or</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-14-b">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">b</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">protecting or enforcing rights relating to such a transaction,</ins>
</p>
</content>
</paragraph>
<wrapUp>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">where the use of the trust is incidental to the principal purpose of the transaction.</ins>
</p>
</wrapUp>
</paragraph>
<paragraph eId="schedule-3A-paragraph-15" period="#period7">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">15</ins>
</num>
<heading>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">Registration of assets</ins>
</heading>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">A trust created on the transfer or disposal of an asset where the purpose of the trust is to hold the legal title to the asset on trust for the person to whom the transfer or disposal is being made until the time when the procedure required by law to effect the transfer or disposal of legal title is completed.</ins>
</p>
</content>
</paragraph>
<hcontainer name="P1group" eId="d4e1525" period="#period7">
<heading>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">Trusts meeting legislative requirements</ins>
</heading>
<paragraph eId="schedule-3A-paragraph-16">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">16</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">A trust holding property to which section 71A or 71D of the Inheritance Tax Act 1984 applies.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-17">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">17</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">A trust of property in respect of which a direction under paragraph 1 of Schedule 4 to the Inheritance Tax Act 1984 has effect.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-18">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">18</ins>
</num>
<intro>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">A trust of funds derived from a payment—</ins>
</p>
</intro>
<paragraph eId="schedule-3A-paragraph-18-a">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">a</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">made for the benefit of a person in consequence of a personal injury to that person, and</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-18-b">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">b</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">disregarded from capital under regulation 46(2) of, and paragraph 12 of Schedule 10 to, the Income Support (General) Regulations 1987.</ins>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-3A-paragraph-19">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">19</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">A trust holding tenants’ contributions for the purposes of section 42 of the Landlord and Tenant Act 1987.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-20">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">20</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">The plan trust of a share incentive plan which meets the requirements of Part 9 of Schedule 2 to the Income Tax (Earnings and Pensions) Act 2003.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-21">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">21</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">A trust created under a share option scheme that meets the requirements of Parts 2 to 7 of Schedule 3 to the Income Tax (Earnings and Pensions) Act 2003.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-22">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">22</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">A trust holding property for a beneficiary who is a disabled person within the meaning given by Schedule 1A to the Finance Act 2005.</ins>
</p>
</content>
</paragraph>
</hcontainer>
<paragraph eId="schedule-3A-paragraph-23" period="#period7">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">23</ins>
</num>
<heading>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">Public authorities</ins>
</heading>
<intro>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">A trust created for the purposes of enabling or assisting—</ins>
</p>
</intro>
<paragraph eId="schedule-3A-paragraph-23-a">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">a</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">a public authority, within the meaning of section 3(1) of the Freedom of Information Act 2000, or a body specified in section 80(2) of that Act;</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-23-b">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">b</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">a Scottish public authority, within the meaning of section 3(1) of the Freedom of Information (Scotland) Act 2002;</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-23-c">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">c</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">the Security Service, the Secret Intelligence Service, the Government Communications Headquarters or the National Crime Agency; or</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-23-d">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">d</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">the Welsh Assembly Government,</ins>
</p>
</content>
</paragraph>
<wrapUp>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">to carry out its functions, including any functions as a court or tribunal and, in the case of the Bank of England, any of its functions as a monetary authority within the meaning of section 244(2)(c) of the Banking Act 2009.</ins>
</p>
</wrapUp>
</paragraph>
<paragraph eId="schedule-3A-paragraph-24" period="#period7">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">24</ins>
</num>
<heading>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">Interpretation</ins>
</heading>
<intro>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">In this Schedule, “relevant supervised person” means—</ins>
</p>
</intro>
<paragraph eId="schedule-3A-paragraph-24-a">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">a</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">a relevant person; or</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-3A-paragraph-24-b">
<num>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573">b</ins>
</num>
<content>
<p>
<ins class="key-09f9317339cebb797f2306c1cf452fa5-1607698187573 last">a person who is subject to requirements in national legislation having an equivalent effect to those laid down in the fourth money laundering directive on an obliged entity (within the meaning of that directive) and supervised for compliance with those requirements in a manner equivalent to section 2 of Chapter VI of the fourth money laundering directive.</ins>
</p>
</content>
</paragraph>
</paragraph>
</hcontainer>
<hcontainer name="schedule" eId="schedule-4" period="#period5">
<num>
SCHEDULE 4
<authorialNote class="referenceNote" placement="right">
<p> Regulation 51(1)</p>
</authorialNote>
</num>
<heading>Supervisory Information</heading>
<paragraph eId="schedule-4-paragraph-1" period="#period1">
<num>1</num>
<content>
<p>The number of persons subject to the supervision of the supervisory authority, or in the case of a self-regulatory organisation, the number of its members (“supervised persons”).</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-2" period="#period1">
<num>2</num>
<content>
<p>The number of supervised persons who are individuals.</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-3" period="#period1">
<num>3</num>
<content>
<p>In the case of a self-regulatory organisation, the number of its supervised persons who act as trust or company service providers.</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-4" period="#period1">
<num>4</num>
<intro>
<p>In the case of a self-regulatory organisation, the number of applications for membership which the organisation has—</p>
</intro>
<paragraph eId="schedule-4-paragraph-4-a">
<num>a</num>
<content>
<p>received,</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-4-b">
<num>b</num>
<content>
<p>rejected, and</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-4-c">
<num>c</num>
<content>
<p>accepted.</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-4-paragraph-5" period="#period1">
<num>5</num>
<content>
<p>The services provided by supervised persons.</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-6" period="#period1">
<num>6</num>
<intro>
<p>The number of firms subject to the supervision of the supervisory authority which the authority considers to be—</p>
</intro>
<paragraph eId="schedule-4-paragraph-6-a">
<num>a</num>
<content>
<p>high risk;</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-6-b">
<num>b</num>
<content>
<p>medium risk;</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-6-c">
<num>c</num>
<content>
<p>low risk;</p>
</content>
</paragraph>
<wrapUp>
<p>
and for these purposes, “
<term refersTo="#term-risk">risk</term>
” refers to the risk that the firm will be subject to money laundering or terrorist financing.
</p>
</wrapUp>
</paragraph>
<paragraph eId="schedule-4-paragraph-7" period="#period1">
<num>7</num>
<intro>
<p>The number of applications for approval received by the supervisory authority under regulation 26, and the number of those that—</p>
</intro>
<paragraph eId="schedule-4-paragraph-7-a">
<num>a</num>
<content>
<p>were refused;</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-7-b">
<num>b</num>
<content>
<p>were accepted;</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-7-c">
<num>c</num>
<content>
<p>are to be determined.</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-4-paragraph-8" period="#period1">
<num>8</num>
<content>
<p>The number of approvals under regulation 26 which were not valid, or ceased to be valid under paragraph (9) of that regulation.</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-9" period="#period1">
<num>9</num>
<content>
<p>In the case of a self-regulatory organisation, the number, amount and type of disciplinary measures it has imposed in relation to contraventions of these Regulations on supervised persons.</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-10" period="#period1">
<num>10</num>
<intro>
<p>The number of times the supervisory authority has—</p>
</intro>
<paragraph eId="schedule-4-paragraph-10-a">
<num>a</num>
<content>
<p>refused to register an applicant for registration under regulation 59; or</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-10-b">
<num>b</num>
<content>
<p>exercised any powers under regulation 60.</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-4-paragraph-11" period="#period1">
<num>11</num>
<content>
<p>The number of times the supervisory authority has exercised any powers under Part 8.</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-12" period="#period1">
<num>12</num>
<content>
<p>The number of contraventions of these Regulations committed by supervised persons.</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-12A" period="#period4">
<num>
<ins class="key-711c2c7760e2745266f58a0418bdb434-1583431287090 first">
<noteRef href="#key-711c2c7760e2745266f58a0418bdb434" marker="F4" class="commentary attribute F"/>
12A
</ins>
</num>
<content>
<p>
<ins class="key-711c2c7760e2745266f58a0418bdb434-1583431287090 last">The number of contraventions of these Regulations identified upon exercise of the powers under Part 8.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-13" period="#period1">
<num>13</num>
<content>
<p>The number and amount of penalties or charges which have been imposed under Part 9.</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-14" period="#period1">
<num>14</num>
<content>
<p>The number of times the supervisory authority has exercised the other powers under Part 9.</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-15" period="#period1">
<num>15</num>
<content>
<p>
The number of times the supervisory authority or any of its supervised persons has made a suspicious activity disclosure to the NCA, and for these purposes, “
<term refersTo="#term-suspicious-activity-disclosure">suspicious activity disclosure</term>
” has the meaning given in regulation 104(4).
</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-16" period="#period1">
<num>16</num>
<intro>
<p>The number of supervised persons who have contravened requirements imposed by or under—</p>
</intro>
<paragraph eId="schedule-4-paragraph-16-a">
<num>a</num>
<content>
<p>
Part 3 of the Terrorism Act 2000 (terrorist property)
<noteRef href="#c23049421" marker="M32" class="commentary M"/>
, or
</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-16-b">
<num>b</num>
<content>
<p>
Part 7 (money laundering) or 8 (investigations) of the Proceeds of Crime Act 2002
<noteRef href="#c23049431" marker="M33" class="commentary M"/>
.
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-4-paragraph-17" period="#period1">
<num>17</num>
<content>
<p>Information on the money laundering and terrorist financing practices that the supervisory authority considers apply to its own sector.</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-18" period="#period1">
<num>18</num>
<content>
<p>Indications that the supervisory authority considers to suggest that a transfer of criminal funds takes place in their own sector.</p>
</content>
</paragraph>
<paragraph eId="schedule-4-paragraph-19" period="#period4">
<num>
<ins class="key-7388bd1330148b3050274c4a5af6ce99-1583431226979 first">
<noteRef href="#key-7388bd1330148b3050274c4a5af6ce99" marker="F3" class="commentary attribute F"/>
19
</ins>
</num>
<content>
<p>
<ins class="key-7388bd1330148b3050274c4a5af6ce99-1583431226979 last">The amount of human resource allocated by the supervisory authority to supervising the countering of money laundering and terrorist financing.</ins>
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="schedule" eId="schedule-5" period="#period1">
<num>
SCHEDULE 5
<authorialNote class="referenceNote" placement="right">
<p> Regulation 65(3)</p>
</authorialNote>
</num>
<heading>Connected Persons</heading>
<paragraph eId="schedule-5-paragraph-1" period="#period1">
<num>1</num>
<heading>Corporate Bodies</heading>
<intro>
<p>If the relevant person or payment service provider is a body corporate, any person who is or has been—</p>
</intro>
<paragraph eId="schedule-5-paragraph-1-a">
<num>a</num>
<content>
<p>an officer or manager of the body corporate;</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-1-b">
<num>b</num>
<content>
<p>an officer or manager of a parent undertaking of the body corporate;</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-1-c">
<num>c</num>
<content>
<p>an employee of the body corporate;</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-1-d">
<num>d</num>
<content>
<p>an agent of the body corporate; or</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-1-e">
<num>e</num>
<content>
<p>an agent of a parent undertaking of the body corporate.</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-5-paragraph-2" period="#period1">
<num>2</num>
<heading>Partnerships</heading>
<content>
<p>If the relevant person or payment service provider is a partnership, any person who is or has been a member, manager, employee or agent of the partnership.</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-3" period="#period1">
<num>3</num>
<heading>Unincorporated Associations</heading>
<content>
<p>If the relevant person or payment service provider is an unincorporated association of persons which is not a partnership, any person who is or has been a member, an officer, manager, employee or agent of the association.</p>
</content>
</paragraph>
<paragraph eId="schedule-5-paragraph-4" period="#period1">
<num>4</num>
<heading>Individuals</heading>
<content>
<p>If the relevant person or payment service provider is an individual, any person who is or has been an employee or agent of that individual.</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="schedule" eId="schedule-6" period="#period11">
<num>
SCHEDULE 6
<authorialNote class="referenceNote" placement="right">
<p> Regulation 75</p>
</authorialNote>
</num>
<heading>Meaning of “relevant requirement”</heading>
<paragraph eId="schedule-6-paragraph-1" period="#period10">
<num>1</num>
<intro>
<p>
For the purposes of Part 9 of these Regulations, “
<term refersTo="#term-relevant-requirement">relevant requirement</term>
” means—
</p>
</intro>
<paragraph eId="schedule-6-paragraph-1-a">
<num>a</num>
<intro>
<p>a requirement imposed by the funds transfer regulation specified—</p>
</intro>
<subparagraph eId="schedule-6-paragraph-1-a-i">
<num>i</num>
<content>
<p>in relation to a payment service provider of a payer, in paragraph 2;</p>
</content>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-1-a-ii">
<num>ii</num>
<content>
<p>in relation to a payment service provider of a payee, in paragraph 3;</p>
</content>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-1-a-iii">
<num>iii</num>
<content>
<p>in relation to the payment service provider of an intermediary, in paragraph 4.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-1-b">
<num>b</num>
<content>
<p>a requirement imposed (otherwise than on supervisory authorities, registering authorities or auction platforms) in or under the regulations specified in paragraphs 5 to 13;</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-1-c">
<num>c</num>
<intro>
<p>the following requirements imposed on auction platforms—</p>
</intro>
<subparagraph eId="schedule-6-paragraph-1-c-i">
<num>i</num>
<content>
<p>
the customer due diligence requirements in
<ins class="substitution key-16c3db59155b6456eaa0159a0fc10b8b-1633528973987 first last">
<noteRef href="#key-16c3db59155b6456eaa0159a0fc10b8b" marker="F13" class="commentary attribute F"/>
regulation 17 of the UK auctioning regulations
</ins>
;
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-1-c-ii">
<num>ii</num>
<content>
<p>
the monitoring and record keeping requirements of
<ins class="substitution key-7801474aec77462e00a6b461c8470665-1633529005195 first last">
<noteRef href="#key-7801474aec77462e00a6b461c8470665" marker="F14" class="commentary attribute F"/>
regulation 37 of the UK auctioning regulations
</ins>
; or
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-1-c-iii">
<num>iii</num>
<content>
<p>the requirements imposed in regulations 18 to 21 or 24 of these Regulations;</p>
</content>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-1-c-iv">
<num>iv</num>
<content>
<p>any requirement imposed under regulations 66, 69(2), 70(7), 77(2) and (6) or 78(2) or (5) of these Regulations.</p>
</content>
</subparagraph>
</paragraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-2" period="#period1">
<num>2</num>
<intro>
<p>The requirements specified in this paragraph are those imposed in—</p>
</intro>
<paragraph eId="schedule-6-paragraph-2-a">
<num>a</num>
<content>
<p>Article 4 (information accompanying transfers of funds);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-2-b">
<num>b</num>
<content>
<p>Article 5 (information within the EEA);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-2-c">
<num>c</num>
<content>
<p>Article 6 (transfer of funds outside the EEA);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-2-d">
<num>d</num>
<content>
<p>Article 14 (provision of information);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-2-e">
<num>e</num>
<content>
<p>Article 15 (data protection);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-2-f">
<num>f</num>
<content>
<p>Article 16 (record retention).</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-3" period="#period1">
<num>3</num>
<intro>
<p>The requirements specified in this paragraph are those imposed in—</p>
</intro>
<paragraph eId="schedule-6-paragraph-3-a">
<num>a</num>
<content>
<p>Article 7 (detection of missing information on the payer or the payee);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-3-b">
<num>b</num>
<content>
<p>Article 8 (transfers of funds with missing or incomplete information on the payer or the payee);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-3-c">
<num>c</num>
<content>
<p>Article 9 (assessment and reporting);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-3-d">
<num>d</num>
<content>
<p>Article 14 (provision of information);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-3-e">
<num>e</num>
<content>
<p>Article 15 (data protection);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-3-f">
<num>f</num>
<content>
<p>Article 16 (record retention).</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-4" period="#period1">
<num>4</num>
<intro>
<p>The requirements specified in this paragraph are those imposed in—</p>
</intro>
<paragraph eId="schedule-6-paragraph-4-a">
<num>a</num>
<content>
<p>Article 10 (retention of information on the payer and the payee with the transfer);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-4-b">
<num>b</num>
<content>
<p>Article 11 (detection of missing information on the payer or the payee);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-4-c">
<num>c</num>
<content>
<p>Article 12 (transfer of funds with missing information on the payer or the payee);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-4-d">
<num>d</num>
<content>
<p>Article 13 (assessment and reporting);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-4-e">
<num>e</num>
<content>
<p>Article 14 (provision of information);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-4-f">
<num>f</num>
<content>
<p>Article 15 (data protection);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-4-g">
<num>g</num>
<content>
<p>Article 16 (record retention).</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-5" period="#period9">
<num>5</num>
<intro>
<p>The requirements specified in this paragraph are those—</p>
</intro>
<paragraph eId="schedule-6-paragraph-5-a">
<num>a</num>
<intro>
<p>imposed in—</p>
</intro>
<subparagraph eId="schedule-6-paragraph-5-a-i">
<num>i</num>
<content>
<p>regulation 18 (risk assessment by relevant persons);</p>
</content>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-5-a-ii">
<num>ii</num>
<content>
<p>regulation 19 (policies, controls and procedures);</p>
</content>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-5-a-iii">
<num>iii</num>
<content>
<p>regulation 20 (policies, controls and procedures: group level);</p>
</content>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-5-a-iv">
<num>iv</num>
<content>
<p>regulation 21 (internal controls);</p>
</content>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-5-a-v">
<num>
<noteRef href="#key-5dbe2990c97805307c6bfe848b6898c8" marker="F12" class="commentary F"/>
v
</num>
<content>
<p>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</p>
</content>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-5-a-vi">
<num>vi</num>
<content>
<p>regulation 23 (requirement on authorised person to inform the FCA);</p>
</content>
</subparagraph>
<subparagraph eId="schedule-6-paragraph-5-a-vii">
<num>vii</num>
<content>
<p>regulation 24 (training);</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-5-b">
<num>b</num>
<content>
<p>imposed by supervisory authorities under regulation 25 (supervisory action).</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-6" period="#period1">
<num>6</num>
<content>
<p>The requirements specified in this paragraph are those imposed in regulation 26(1), (4), (5) and (10) (prohibition and approvals).</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-7" period="#period4">
<num>7</num>
<intro>
<p>The requirements specified in this paragraph are those imposed in—</p>
</intro>
<paragraph eId="schedule-6-paragraph-7-a">
<num>a</num>
<content>
<p>regulation 27 (customer due diligence);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-7-b">
<num>b</num>
<content>
<p>regulation 28 (customer due diligence measures);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-7-c">
<num>c</num>
<content>
<p>regulation 29 (additional customer due diligence measures: credit institutions and financial institutions),</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-7-d">
<num>d</num>
<content>
<p>regulation 30 (timing of verification);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-7-da">
<num>
<ins class="key-df0e1d35f51a5cb39548a8661428aeca-1583459256221 first">
<noteRef href="#key-df0e1d35f51a5cb39548a8661428aeca" marker="F5" class="commentary attribute F"/>
da
</ins>
</num>
<content>
<p>
<ins class="key-df0e1d35f51a5cb39548a8661428aeca-1583459256221 last">regulation 30A (requirement to report discrepancies in registers);</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-7-e">
<num>e</num>
<content>
<p>regulation 31(1) (requirement to cease transactions);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-7-f">
<num>f</num>
<content>
<p>regulation 33(1) and (4) to (6) (obligation to apply enhanced customer due diligence);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-7-g">
<num>g</num>
<content>
<p>regulation 34 (enhanced customer due diligence: credit institutions, financial institutions and correspondent relationships);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-7-h">
<num>h</num>
<content>
<p>regulation 35 (enhanced customer due diligence: politically exposed persons);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-7-i">
<num>i</num>
<content>
<p>regulation 37 (application of simplified due diligence);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-7-j">
<num>j</num>
<content>
<p>regulation 38(3) (electronic money).</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-8" period="#period1">
<num>8</num>
<intro>
<p>The requirements specified in this paragraph are those imposed in—</p>
</intro>
<paragraph eId="schedule-6-paragraph-8-a">
<num>a</num>
<content>
<p>regulation 39(2) and (4) (reliance);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-8-b">
<num>b</num>
<content>
<p>regulation 40(1) and (5) to (7) (record keeping);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-8-c">
<num>c</num>
<content>
<p>regulation 41 (data protection).</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-9" period="#period7">
<num>9</num>
<intro>
<p>The requirements specified in this paragraph are those imposed in—</p>
</intro>
<paragraph eId="schedule-6-paragraph-9-a">
<num>a</num>
<content>
<p>regulation 43 (corporate bodies: obligations);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-9-b">
<num>b</num>
<content>
<p>regulation 44 (trustee obligations);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-9-c">
<num>c</num>
<content>
<p>
regulation 45(2)
<ins class="substitution key-1df34e7a325195c8dc2bb909e00d5e5e-1607698308209 first last">
<noteRef href="#key-1df34e7a325195c8dc2bb909e00d5e5e" marker="F10" class="commentary attribute F"/>
, (9) and (10A) to (10I)
</ins>
(register of beneficial ownership);
</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-9-d">
<num>
<ins class="key-04d6c8aca6f676e3e7fb52af33417b8a-1607698323728 first">
<noteRef href="#key-04d6c8aca6f676e3e7fb52af33417b8a" marker="F11" class="commentary attribute F"/>
d
</ins>
</num>
<content>
<p>
<ins class="key-04d6c8aca6f676e3e7fb52af33417b8a-1607698323728 last">regulation 45ZA(3) to (7) (register of beneficial ownership: additional types of trust).</ins>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-9A" period="#period6">
<num>
<ins class="key-9feda294611c4bd0db77e2dacbbd6956-1607688893467 first">
<noteRef href="#key-9feda294611c4bd0db77e2dacbbd6956" marker="F8" class="commentary attribute F"/>
9A
</ins>
</num>
<content>
<p>
<ins class="key-9feda294611c4bd0db77e2dacbbd6956-1607688893467 last">The requirements specified in this paragraph are those imposed in regulation 45B (duty to respond to requests for information) and 45G(1) and (3) (record keeping).</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-10" period="#period4">
<num>10</num>
<intro>
<p>The requirements specified in this paragraph are those imposed in—</p>
</intro>
<paragraph eId="schedule-6-paragraph-10-a">
<num>a</num>
<content>
<p>regulation 56(1) and (5) (requirement to be registered);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-10-b">
<num>b</num>
<content>
<p>regulation 57(1) and (4) (applications for registration in a register maintained under regulations 54 or 55);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-10-c">
<num>
<ins class="key-2795522589af249134a43cb7986ed945-1583459429830 first">
<noteRef href="#key-2795522589af249134a43cb7986ed945" marker="F6" class="commentary attribute F"/>
c
</ins>
</num>
<content>
<p>
<ins class="key-2795522589af249134a43cb7986ed945-1583459429830 last">regulation 60A (disclosure by cryptoasset businesses).</ins>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-11" period="#period1">
<num>11</num>
<content>
<p>The requirements specified in this paragraph are those imposed in regulation 64(2) (obligations of payment service providers);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-12" period="#period4">
<num>12</num>
<intro>
<p>The requirements specified in this paragraph are those imposed under—</p>
</intro>
<paragraph eId="schedule-6-paragraph-12-a">
<num>a</num>
<content>
<p>regulation 66 (power to require information);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-12-b">
<num>b</num>
<content>
<p>regulation 69(2) (entry, inspection of premises without a warrant);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-12-c">
<num>c</num>
<content>
<p>regulation 70(7) (entry of premises under warrant);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-12-ca">
<num>
<ins class="key-4c19cb643db8f917dd073b22303cf8ed-1583459667458 first">
<noteRef href="#key-4c19cb643db8f917dd073b22303cf8ed" marker="F7" class="commentary attribute F"/>
ca
</ins>
</num>
<content>
<p>
<ins class="key-4c19cb643db8f917dd073b22303cf8ed-1583459667458">regulation 74A (reporting requirements: cryptoasset businesses);</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-12-cb">
<num>
<ins class="key-4c19cb643db8f917dd073b22303cf8ed-1583459667458">cb</ins>
</num>
<content>
<p>
<ins class="key-4c19cb643db8f917dd073b22303cf8ed-1583459667458">regulation 74B (report by a skilled person: cryptoasset businesses);</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-12-cc">
<num>
<ins class="key-4c19cb643db8f917dd073b22303cf8ed-1583459667458">cc</ins>
</num>
<content>
<p>
<ins class="key-4c19cb643db8f917dd073b22303cf8ed-1583459667458 last">regulation 74C (directions: cryptoasset businesses);</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-12-d">
<num>d</num>
<content>
<p>regulation 77(2) and (6) (power to impose civil penalties: suspension and removal of authorisation);</p>
</content>
</paragraph>
<paragraph eId="schedule-6-paragraph-12-e">
<num>e</num>
<content>
<p>regulation 78(2) and (5) (power to prohibit individuals from managing).</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-6-paragraph-13" period="#period1">
<num>13</num>
<content>
<p>The requirement specified in this paragraph is the requirement imposed in regulation 84(1).</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="schedule" eId="schedule-6A" period="#period4">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428 first">
<noteRef href="#key-66e2d30bf50c4a9cde36b2cbc4887a89" marker="F2" class="commentary attribute F"/>
SCHEDULE 6A
</ins>
<authorialNote class="referenceNote" placement="right">
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">Regulation 104A</ins>
</p>
</authorialNote>
</num>
<heading>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">The United Kingdom’s Financial Intelligence Unit</ins>
</heading>
<paragraph eId="schedule-6A-paragraph-1" period="#period4">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">1</ins>
</num>
<heading>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">Interpretation</ins>
</heading>
<content>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">In this Schedule</ins>
</p>
<blockList class="unordered">
<item>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">“external request” means a request to the NCA for information by a foreign FIU which may be relevant for the purpose of the foreign FIU’s performance of FIU functions;</ins>
</p>
</item>
<item>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">“FIU functions” means the functions of a financial intelligence unit as set out in the fourth money laundering directive;</ins>
</p>
</item>
<item>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">“foreign competent authority” means an authority in an EEA state other than the United Kingdom which has equivalent functions to those of a United Kingdom competent authority to which a foreign FIU may provide information in connection with its performance of FIU functions;</ins>
</p>
</item>
<item>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">“foreign FIU” means an authority in an EEA state other than the United Kingdom which performs FIU functions in that state;</ins>
</p>
</item>
<item>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">“relevant information” means information the NCA possesses in connection with its performance of FIU functions which it considers relevant to an external request;</ins>
</p>
</item>
<item>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">“the 2000 Act” means the Terrorism Act 2000 </ins>
<noteRef href="#c23050201" marker="M110" class="commentary M"/>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">;</ins>
</p>
</item>
<item>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">“the 2002 Act” means the Proceeds of Crime Act 2002 </ins>
<noteRef href="#c23050211" marker="M111" class="commentary M"/>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">;</ins>
</p>
</item>
<item>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">“United Kingdom competent authority” means any authority other than the NCA concerned in the prevention, investigation, detection or prosecution of criminal offences contained in Part 7 (money laundering) of the 2002 Act or Part 3 (terrorist property) of the 2000 Act, and any supervisory authority, to which the NCA disseminates information in its performance of FIU functions.</ins>
</p>
</item>
</blockList>
</content>
</paragraph>
<paragraph eId="schedule-6A-paragraph-2" period="#period4">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">2</ins>
</num>
<heading>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">Reports to the National Crime Agency</ins>
</heading>
<content>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">Where the NCA has, in its performance of FIU functions, disseminated any information to a United Kingdom competent authority, that authority must, upon request, provide a report to the NCA about the authority’s use of that information, including the outcome of any investigations or inspections conducted on the basis of that information.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6A-paragraph-3" period="#period4">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">3</ins>
</num>
<heading>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">Co-operation</ins>
</heading>
<content>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">The NCA must take such steps as it considers appropriate to co-operate with foreign FIUs in their performance of FIU functions.</ins>
</p>
</content>
</paragraph>
<hcontainer name="P1group" eId="d4e2594" period="#period4">
<heading>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">Provision of information in response to external requests</ins>
</heading>
<paragraph eId="schedule-6A-paragraph-4">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">4</ins>
</num>
<content>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">In response to an external request, the NCA must (subject to paragraph 10) provide promptly any relevant information in the NCA’s possession.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6A-paragraph-5">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">5</ins>
</num>
<intro>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">Where an external request is received and the NCA does not possess information which the NCA considers relevant to the external request, and it suspects a relevant person possesses such information, the NCA—</ins>
</p>
</intro>
<paragraph eId="schedule-6A-paragraph-5-a">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">a</ins>
</num>
<content>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">may exercise its powers under Parts 7 </ins>
<noteRef href="#c23050221" marker="M112" class="commentary M"/>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428"> and 8 </ins>
<noteRef href="#c23050231" marker="M113" class="commentary M"/>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428"> (investigations) of the 2002 Act, any orders made under section 445 </ins>
<noteRef href="#c23050241" marker="M114" class="commentary M"/>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428"> (external investigations) of that Act, or Part 3 of the 2000 Act </ins>
<noteRef href="#c23050251" marker="M115" class="commentary M"/>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">, as applicable, to seek an order for information from such person, and</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6A-paragraph-5-b">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">b</ins>
</num>
<content>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">must (subject to paragraph 10) provide any relevant information received in consequence of any such order promptly to the foreign FIU concerned.</ins>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-6A-paragraph-6">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">6</ins>
</num>
<content>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">The NCA must designate at least one point of contact with responsibility for receiving external requests.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6A-paragraph-7">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">7</ins>
</num>
<content>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">Where the NCA has provided relevant information to a foreign FIU, and that foreign FIU makes a request for consent to disseminate some or all of the relevant information to a foreign competent authority, the NCA must (subject to paragraph 11) consent to the dissemination of as much of the requested information as possible and communicate its consent promptly to the foreign FIU.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6A-paragraph-8">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">8</ins>
</num>
<content>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">Where the NCA provides relevant information in response to an external request in accordance with this Schedule, the NCA shall take such steps as it considers appropriate to ensure that such information is transmitted securely.</ins>
</p>
</content>
</paragraph>
</hcontainer>
<hcontainer name="P1group" eId="d4e2666" period="#period4">
<heading>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">Conditions and restrictions on provision or further dissemination of relevant information</ins>
</heading>
<paragraph eId="schedule-6A-paragraph-9">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">9</ins>
</num>
<content>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">The NCA may impose such restrictions and conditions on the use of relevant information provided in response to an external request as the NCA considers appropriate.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6A-paragraph-10">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">10</ins>
</num>
<content>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">Where an obligation arises under this Schedule for the NCA to provide relevant information in response to an external request, the NCA may decide not to provide some or all of the information where and to the extent that the NCA considers that doing so could be contrary to national law.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6A-paragraph-11">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">11</ins>
</num>
<intro>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">The NCA is not required to comply with the duty to give consent to the dissemination of information to a foreign competent authority under paragraph 7 if and to the extent that the NCA considers that the giving of such consent could—</ins>
</p>
</intro>
<paragraph eId="schedule-6A-paragraph-11-a">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">a</ins>
</num>
<content>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">prejudice an investigation, whether into a criminal cause or matter or in relation to any investigation referred to in section 341 (investigations) of the 2002 Act </ins>
<noteRef href="#c23050261" marker="M116" class="commentary M"/>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428"> or to which Schedule 5A (terrorist financing investigations) to the 2000 Act </ins>
<noteRef href="#c23050271" marker="M117" class="commentary M"/>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428"> applies; or</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6A-paragraph-11-b">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">b</ins>
</num>
<content>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">be contrary to national law.</ins>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-6A-paragraph-12">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">12</ins>
</num>
<intro>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">The NCA must have particular regard—</ins>
</p>
</intro>
<paragraph eId="schedule-6A-paragraph-12-a">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">a</ins>
</num>
<content>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">where making a decision under paragraph 10, to the need for as unfettered an exchange of relevant information in response to external requests as possible, or</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6A-paragraph-12-b">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">b</ins>
</num>
<content>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">where making a decision under paragraph 11, to the need for as unfettered dissemination of information as possible by a foreign FIU to foreign competent authorities,</ins>
</p>
</content>
</paragraph>
<wrapUp>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">in order for the foreign FIU concerned to carry out FIU functions efficiently and effectively.</ins>
</p>
</wrapUp>
</paragraph>
</hcontainer>
<hcontainer name="P1group" eId="d4e2743" period="#period4">
<heading>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">Requests for information by the NCA to foreign FIUs</ins>
</heading>
<paragraph eId="schedule-6A-paragraph-13">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">13</ins>
</num>
<content>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">Paragraphs 14 and 15 apply where the NCA wishes to obtain information concerning a relevant person which has its head office in an EEA state other than the United Kingdom.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6A-paragraph-14">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">14</ins>
</num>
<content>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">The NCA must address a request for the information to the foreign FIU in the state in which the relevant person has its head office.</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6A-paragraph-15">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">15</ins>
</num>
<content>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">Where the NCA makes a request to a foreign FIU for information which the NCA considers may be relevant for its performance of FIU functions, the request must contain the relevant facts and background information, reasons for the request and how the information sought is proposed to be used.</ins>
</p>
</content>
</paragraph>
</hcontainer>
<paragraph eId="schedule-6A-paragraph-16" period="#period4">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">16</ins>
</num>
<heading>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">Conditions and restrictions on use of information received by the NCA from foreign FIUs</ins>
</heading>
<intro>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">Where the NCA receives information from a foreign FIU, the NCA must—</ins>
</p>
</intro>
<paragraph eId="schedule-6A-paragraph-16-a">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">a</ins>
</num>
<content>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">use the information only for the purpose for which it was sought or provided, unless it has obtained the prior consent of the foreign FIU to any other use of the information;</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6A-paragraph-16-b">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">b</ins>
</num>
<content>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">comply with any restrictions or conditions of use which have been imposed by the foreign FIU in respect of the information; and</ins>
</p>
</content>
</paragraph>
<paragraph eId="schedule-6A-paragraph-16-c">
<num>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428">c</ins>
</num>
<content>
<p>
<ins class="key-66e2d30bf50c4a9cde36b2cbc4887a89-1583429263428 last">obtain the prior consent of the foreign FIU to any further dissemination of the information.</ins>
</p>
</content>
</paragraph>
</paragraph>
</hcontainer>
<hcontainer name="schedule" eId="schedule-7" period="#period1">
<num>
SCHEDULE 7
<authorialNote class="referenceNote" placement="right">
<p> Regulation 109</p>
</authorialNote>
</num>
<heading>Consequential Amendments</heading>
<part eId="schedule-7-part-1" period="#period1">
<num>
<strong>PART 1</strong>
</num>
<heading>Consequential Amendments to Primary Legislation</heading>
<paragraph eId="schedule-7-paragraph-1" period="#period1">
<num>1</num>
<heading>Solicitors (Scotland) Act 1980</heading>
<content>
<p>
In section 34 of the Solicitors (Scotland) Act 1980
<noteRef href="#c23049441" marker="M34" class="commentary M"/>
, after subsection (1C), insert—
</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<subsection eId="d4e2834">
<num>1D</num>
<content>
<p>Rules made under this section may make provision as to the way in which solicitors and incorporated practices are to comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.</p>
</content>
</subsection>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-2" period="#period1">
<num>2</num>
<heading>Northern Ireland Act 1998</heading>
<intro>
<p>
In Schedule 3 to the Northern Ireland Act 1998 (reserved matters)
<noteRef href="#c23049451" marker="M35" class="commentary M"/>
</p>
</intro>
<paragraph eId="schedule-7-paragraph-2-a">
<num>a</num>
<content>
<p>
in paragraph 25, for “the Money Laundering Regulations 2007”
<noteRef href="#c23049461" marker="M36" class="commentary M"/>
substitute “the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017”;
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-2-b">
<num>b</num>
<content>
<p>omit paragraph 25A.</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-3" period="#period1">
<num>3</num>
<heading>Financial Services and Markets Act 2000</heading>
<subparagraph eId="schedule-7-paragraph-3-1">
<num>1</num>
<content>
<p>
FSMA
<noteRef href="#c23049471" marker="M37" class="commentary M"/>
is amended as follows.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-3-2">
<num>2</num>
<content>
<p>In section 226 (complaints: the ombudsman scheme etc) after subsection (7) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<subsection eId="d4e2889">
<num>7A</num>
<content>
<p>The rules must provide that a person within subsection (7B) is eligible in relation to a complaint to which subsection (7C) applies.</p>
</content>
</subsection>
<subsection eId="d4e2895">
<num>7B</num>
<intro>
<p>A person is within this subsection if he or she has been identified by a respondent, in carrying on an activity to which the rules apply, as—</p>
</intro>
<paragraph eId="d4e2901">
<num>a</num>
<content>
<p>a politically exposed person;</p>
</content>
</paragraph>
<paragraph eId="d4e2907">
<num>b</num>
<content>
<p>a family member of a politically exposed person; or</p>
</content>
</paragraph>
<paragraph eId="d4e2913">
<num>c</num>
<content>
<p>a known close associate of a politically exposed person.</p>
</content>
</paragraph>
</subsection>
<subsection eId="d4e2919">
<num>7C</num>
<intro>
<p>This subsection applies to a complaint—</p>
</intro>
<paragraph eId="d4e2925">
<num>a</num>
<content>
<p>that the complainant has been incorrectly identified as a person within subsection (7B); or</p>
</content>
</paragraph>
<paragraph eId="d4e2931">
<num>b</num>
<content>
<p>relating to an act or omission of the respondent in consequence of the identification of the complainant as a person within subsection (7B).</p>
</content>
</paragraph>
</subsection>
<subsection eId="d4e2937">
<num>7D</num>
<content>
<p>
In subsection (7B), “
<term refersTo="#term-politically-exposed-person">politically exposed person</term>
”, “
<term refersTo="#term-family-member">family member</term>
” and “
<term refersTo="#term-known-close-associate">known close associate</term>
” have the meanings given in regulation 35(12) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
</p>
</content>
</subsection>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-3-3">
<num>3</num>
<content>
<p>
For the heading of Part 20C (as inserted by the Bank of England and Financial Services Act 2016)
<noteRef href="#c23049481" marker="M38" class="commentary M"/>
, substitute “Politically exposed persons: money laundering and terrorist financing”.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-3-4">
<num>4</num>
<intro>
<p>In section 333U (guidance relating to money laundering and politically exposed persons)—</p>
</intro>
<paragraph eId="schedule-7-paragraph-3-4-a">
<num>a</num>
<content>
<p>
in the heading, after “Money laundering” insert
<mod>
<quotedText>“ and terrorist financing ”</quotedText>
</mod>
; and
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-3-4-b">
<num>b</num>
<intro>
<p>in subsection (3)—</p>
</intro>
<subparagraph eId="schedule-7-paragraph-3-4-b-i">
<num>i</num>
<content>
<p>
for “Secretary of State” substitute
<mod>
<quotedText>“ Treasury ”</quotedText>
</mod>
; and
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-3-4-b-ii">
<num>ii</num>
<content>
<p>
in paragraph (b), after “by the FCA” insert
<mod>
<quotedText>“ or under the ombudsman scheme ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
</paragraph>
</subparagraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-4" period="#period1">
<num>4</num>
<heading>Terrorism Act 2000</heading>
<subparagraph eId="schedule-7-paragraph-4-1">
<num>1</num>
<content>
<p>
The Terrorism Act 2000
<noteRef href="#c23049491" marker="M39" class="commentary M"/>
is amended as follows.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-4-2">
<num>2</num>
<content>
<p>
In section 21G (other permitted disclosures etc), in subsection (1)(a), for “the Money Laundering Regulations 2007 (S.I. 2007/2157)” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-4-3">
<num>3</num>
<content>
<p>
In section 21H(4), for the words from “Directive
<ref href="http://www.legislation.gov.uk/id/eudr/2005/60">2005/60/EC</ref>
” to “2005” substitute
<mod>
<quotedText>
“ Directive 2015/849/EU of the European Parliament and of the Council of 20th May 2015
<noteRef href="#c23049501" marker="M40" class="commentary M"/>
</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-4-4">
<num>4</num>
<content>
<p>
Part 1 of Schedule 3A
<noteRef href="#c23049511" marker="M41" class="commentary M"/>
(business in the regulated sector) is amended in accordance with sub-paragraphs (5) to (10).
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-4-5">
<num>5</num>
<intro>
<p>In paragraph 1(1)—</p>
</intro>
<paragraph eId="schedule-7-paragraph-4-5-a">
<num>a</num>
<intro>
<p>
in paragraph (b)
<noteRef href="#c23049521" marker="M42" class="commentary M"/>
</p>
</intro>
<subparagraph eId="schedule-7-paragraph-4-5-a-i">
<num>i</num>
<content>
<p>at the end of sub-paragraph (i), omit “or”;</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-4-5-a-ii">
<num>ii</num>
<content>
<p>after sub-paragraph (i), insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<clause eId="d4e3074">
<num>ia</num>
<intro>
<p>an undertaking whose only listed activity is as a creditor under an agreement which—</p>
</intro>
<subclause eId="d4e3080">
<num>aa</num>
<content>
<p>
falls within section 12(a) of the Consumer Credit Act 1974
<noteRef href="#c23049531" marker="M43" class="commentary M"/>
(debtor-creditor-supplier agreements);
</p>
</content>
</subclause>
<subclause eId="d4e3088">
<num>bb</num>
<content>
<p>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</p>
</content>
</subclause>
<subclause eId="d4e3094">
<num>cc</num>
<content>
<p>provides financial accommodation by way of deferred payment or payment by instalments over a period not exceeding 12 months; or</p>
</content>
</subclause>
</clause>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-4-5-b">
<num>b</num>
<content>
<p>
after paragraph (j)
<noteRef href="#c23049541" marker="M44" class="commentary M"/>
, insert—
</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subparagraph eId="d4e3111">
<num>ja</num>
<content>
<p>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);</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-4-5-c">
<num>c</num>
<intro>
<p>in paragraph (q)—</p>
</intro>
<subparagraph eId="schedule-7-paragraph-4-5-c-i">
<num>i</num>
<content>
<p>
after “involves the” insert
<mod>
<quotedText>“ making or ”</quotedText>
</mod>
;
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-4-5-c-ii">
<num>ii</num>
<content>
<p>
for “15,000” substitute
<mod>
<quotedText>“ 10,000 ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-4-6">
<num>6</num>
<content>
<p>In paragraph 1(5)(b), omit “contained in international standards and are”.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-4-7">
<num>7</num>
<content>
<p>
In paragraph 1(6)
<noteRef href="#c23049551" marker="M45" class="commentary M"/>
, at the end of paragraph (c) for “or” substitute
<mod>
<quotedText>“ and ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-4-8">
<num>8</num>
<intro>
<p>In paragraph 2(1)—</p>
</intro>
<paragraph eId="schedule-7-paragraph-4-8-a">
<num>a</num>
<content>
<p>
in paragraph (c) for “25” substitute
<mod>
<quotedText>“ 26 ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-4-8-b">
<num>b</num>
<content>
<p>in paragraph (d), at the end, omit “or”;</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-4-8-c">
<num>c</num>
<content>
<p>at the end, insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subparagraph eId="d4e3188">
<num>g</num>
<content>
<p>
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)
<noteRef href="#c23049561" marker="M46" class="commentary M"/>
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
</p>
</content>
</subparagraph>
<subparagraph eId="d4e3196">
<num>h</num>
<content>
<p>
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
<noteRef href="#c23049571" marker="M47" class="commentary M"/>
.
</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-4-9">
<num>9</num>
<intro>
<p>In paragraph 2(3)—</p>
</intro>
<paragraph eId="schedule-7-paragraph-4-9-a">
<num>a</num>
<content>
<p>in paragraph (a), for “£64,000” substitute “£100,000;</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-4-9-b">
<num>b</num>
<content>
<p>
in paragraph (f), after “(r)” insert
<mod>
<quotedText>“ to (t) ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-4-10">
<num>10</num>
<intro>
<p>In paragraph 3—</p>
</intro>
<paragraph eId="schedule-7-paragraph-4-10-a">
<num>a</num>
<content>
<p>in sub-paragraph (1), at the appropriate place insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p>
<term refersTo="#term-the-capital-requirements-directive">the Capital Requirements Directive</term>
” 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
<noteRef href="#c23049581" marker="M48" class="commentary M"/>
;
</p>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-4-10-b">
<num>b</num>
<intro>
<p>in sub-paragraph (3)—</p>
</intro>
<subparagraph eId="schedule-7-paragraph-4-10-b-i">
<num>i</num>
<content>
<p>
after “Capital Requirements Regulation” insert
<mod>
<quotedText>“ , the Capital Requirements Directive ”</quotedText>
</mod>
;
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-4-10-b-ii">
<num>ii</num>
<content>
<p>
after “Part as” insert
<mod>
<quotedText>“ in that Regulation or ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-4-11">
<num>11</num>
<intro>
<p>
In Part 2 of Schedule 3A
<noteRef href="#c23049591" marker="M49" class="commentary M"/>
(supervisory authorities), in paragraph 4—
</p>
</intro>
<paragraph eId="schedule-7-paragraph-4-11-a">
<num>a</num>
<content>
<p>in sub-paragraph (1), omit paragraphs (b), (ea) and (f) (but not the “and” after paragraph (f));</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-4-11-b">
<num>b</num>
<intro>
<p>in sub-paragraph (2)—</p>
</intro>
<subparagraph eId="schedule-7-paragraph-4-11-b-i">
<num>i</num>
<content>
<p>after paragraph (d), insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subparagraph eId="d4e3301">
<num>da</num>
<content>
<p>the Chartered Institute of Legal Executives;</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-4-11-b-ii">
<num>ii</num>
<content>
<p>omit paragraph (f).</p>
</content>
</subparagraph>
</paragraph>
</subparagraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-5" period="#period1">
<num>5</num>
<heading>Criminal Justice and Police Act 2001</heading>
<intro>
<p>
In the Criminal Justice and Police Act 2001
<noteRef href="#c23049601" marker="M50" class="commentary M"/>
</p>
</intro>
<paragraph eId="schedule-7-paragraph-5-a">
<num>a</num>
<intro>
<p>in section 68(2) (application to Scotland)—</p>
</intro>
<subparagraph eId="schedule-7-paragraph-5-a-i">
<num>i</num>
<content>
<p>
in paragraph (g), for “regulation 39(6) of the Money Laundering Regulations 2007”
<noteRef href="#c23049611" marker="M51" class="commentary M"/>
substitute “regulation 70(7) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017”;
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-5-a-ii">
<num>ii</num>
<content>
<p>omit paragraph (h);</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-5-b">
<num>b</num>
<intro>
<p>in Part 1 of Schedule 1 (powers of seizure to which section 50 of the 2001 Act applies)—</p>
</intro>
<subparagraph eId="schedule-7-paragraph-5-b-i">
<num>i</num>
<content>
<p>
in the heading above paragraph 73J, for “The Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
;
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-5-b-ii">
<num>ii</num>
<content>
<p>
in paragraph 73J, for “regulation 39(6) of the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ regulation 70(7) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
;
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-5-b-iii">
<num>iii</num>
<content>
<p>omit paragraph 73K and the heading above it.</p>
</content>
</subparagraph>
</paragraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-6" period="#period1">
<num>6</num>
<heading>Proceeds of Crime Act 2002</heading>
<subparagraph eId="schedule-7-paragraph-6-1">
<num>1</num>
<content>
<p>
The Proceeds of Crime Act 2002
<noteRef href="#c23049621" marker="M52" class="commentary M"/>
is amended as follows.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-6-2">
<num>2</num>
<content>
<p>
In section 333D (other permitted disclosures etc), in subsection (1)(a) for “the Money Laundering Regulations 2007 (S.I. 2007/2157)” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-6-3">
<num>3</num>
<content>
<p>
In section 333E (interpretation), in subsection (4), for the words from “Directive
<ref href="http://www.legislation.gov.uk/id/eudr/2005/60">2005/60/EC</ref>
<noteRef href="#c23049631" marker="M53" class="commentary M"/>
to “2005” substitute “Directive 2015/849/EU of the European Parliament and of the Council of 20th May 2015
<noteRef href="#c23049641" marker="M54" class="commentary M"/>
”.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-6-4">
<num>4</num>
<intro>
<p>
In Part 1 of Schedule 9
<noteRef href="#c23049651" marker="M55" class="commentary M"/>
(business in the regulated sector), in paragraph 1(1)—
</p>
</intro>
<paragraph eId="schedule-7-paragraph-6-4-a">
<num>a</num>
<intro>
<p>
in paragraph (b)
<noteRef href="#c23049661" marker="M56" class="commentary M"/>
</p>
</intro>
<subparagraph eId="schedule-7-paragraph-6-4-a-i">
<num>i</num>
<content>
<p>
for “Capital Requirements Regulation”, in both places, substitute
<mod>
<quotedText>“ Capital Requirements Directive ”</quotedText>
</mod>
;
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-6-4-a-ii">
<num>ii</num>
<content>
<p>at the end of sub-paragraph (i), omit “or”;</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-6-4-a-iii">
<num>iii</num>
<content>
<p>after sub-paragraph (i), insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<clause eId="d4e3451">
<num>ia</num>
<intro>
<p>an undertaking whose only listed activity is as a creditor under an agreement which—</p>
</intro>
<subclause eId="d4e3457">
<num>aa</num>
<content>
<p>
falls within section 12(a) of the Consumer Credit Act 1974
<noteRef href="#c23049671" marker="M57" class="commentary M"/>
(debtor-creditor-supplier agreements);
</p>
</content>
</subclause>
<subclause eId="d4e3465">
<num>bb</num>
<content>
<p>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</p>
</content>
</subclause>
<subclause eId="d4e3471">
<num>cc</num>
<content>
<p>provides financial accommodation by way of deferred payment or payment by instalments over a period not exceeding 12 months; or</p>
</content>
</subclause>
</clause>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-6-4-b">
<num>b</num>
<content>
<p>after paragraph (j), insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subparagraph eId="d4e3486">
<num>ja</num>
<content>
<p>
the carrying on of local audit work within the meaning of Schedule 5 to the Local Audit and Accountability Act 2014
<noteRef href="#c23049681" marker="M58" class="commentary M"/>
(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);
</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-6-4-c">
<num>c</num>
<intro>
<p>in paragraph (q)—</p>
</intro>
<subparagraph eId="schedule-7-paragraph-6-4-c-i">
<num>i</num>
<content>
<p>
after “involves the” insert
<mod>
<quotedText>“ making or ”</quotedText>
</mod>
;
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-6-4-c-ii">
<num>ii</num>
<content>
<p>
for “15,000” substitute
<mod>
<quotedText>“ 10,000 ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-6-5">
<num>5</num>
<content>
<p>In paragraph 1(5)(b), omit “contained in international standards and are”.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-6-6">
<num>6</num>
<content>
<p>
In paragraph 1(6)
<noteRef href="#c23049691" marker="M59" class="commentary M"/>
, at the end of paragraph (c) for “or” substitute
<mod>
<quotedText>“ and ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-6-7">
<num>7</num>
<intro>
<p>In paragraph 2—</p>
</intro>
<paragraph eId="schedule-7-paragraph-6-7-a">
<num>a</num>
<content>
<p>
in sub-paragraph (1)(c) for “25” substitute
<mod>
<quotedText>“ 26 ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-6-7-b">
<num>b</num>
<content>
<p>in sub-paragraph (1)(d), at the end, omit “or”;</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-6-7-c">
<num>c</num>
<content>
<p>at the end, insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subparagraph eId="d4e3565">
<num>g</num>
<content>
<p>
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
<noteRef href="#c23049701" marker="M60" class="commentary M"/>
) 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
<noteRef href="#c23049711" marker="M61" class="commentary M"/>
; or
</p>
</content>
</subparagraph>
<subparagraph eId="d4e3575">
<num>h</num>
<content>
<p>
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
<noteRef href="#c23049721" marker="M62" class="commentary M"/>
.
</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-6-7-d">
<num>d</num>
<intro>
<p>in sub-paragraph (3)—</p>
</intro>
<subparagraph eId="schedule-7-paragraph-6-7-d-i">
<num>i</num>
<content>
<p>in paragraph (a), for “£64,000” substitute “£100,000;</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-6-7-d-ii">
<num>ii</num>
<content>
<p>
in paragraph (f), after “(r)” insert
<mod>
<quotedText>“ to (t) ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-6-8">
<num>8</num>
<intro>
<p>In paragraph 3—</p>
</intro>
<paragraph eId="schedule-7-paragraph-6-8-a">
<num>a</num>
<intro>
<p>in sub-paragraph (1)—</p>
</intro>
<subparagraph eId="schedule-7-paragraph-6-8-a-i">
<num>i</num>
<content>
<p>at the appropriate place insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<p>
<term refersTo="#term-the-capital-requirements-directive">the Capital Requirements Directive</term>
” 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
<noteRef href="#c23049731" marker="M63" class="commentary M"/>
;
</p>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-6-8-a-ii">
<num>ii</num>
<content>
<p>
at the end of the definition of “the Capital Requirements Regulation insert
<mod>
<quotedText>“ of 26th June 2013 on prudential requirements for credit institutions and investment firms ”</quotedText>
</mod>
; and
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-6-8-b">
<num>b</num>
<intro>
<p>in sub-paragraph (3)—</p>
</intro>
<subparagraph eId="schedule-7-paragraph-6-8-b-i">
<num>i</num>
<content>
<p>
for “the Banking Consolidation Directive” substitute
<mod>
<quotedText>“ the Capital Requirements Regulation, the Capital Requirements Directive ”</quotedText>
</mod>
;
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-6-8-b-ii">
<num>ii</num>
<content>
<p>
after “Part as”, insert
<mod>
<quotedText>“ in that Regulation or ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-6-9">
<num>9</num>
<intro>
<p>In Part 2 of Schedule 9 (supervisory authorities), in paragraph 4—</p>
</intro>
<paragraph eId="schedule-7-paragraph-6-9-a">
<num>a</num>
<content>
<p>in sub-paragraph (1), omit paragraphs (b), (ea) and (f) (but not the “and” after paragraph (f));</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-6-9-b">
<num>b</num>
<intro>
<p>in sub-paragraph (2)—</p>
</intro>
<subparagraph eId="schedule-7-paragraph-6-9-b-i">
<num>i</num>
<content>
<p>after paragraph (d), insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<subparagraph eId="d4e3693">
<num>da</num>
<content>
<p>the Chartered Institute of Legal Executives;</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-6-9-b-ii">
<num>ii</num>
<content>
<p>omit paragraph (f).</p>
</content>
</subparagraph>
</paragraph>
</subparagraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-7" period="#period1">
<num>7</num>
<heading>Counter-Terrorism Act 2008</heading>
<content>
<p>
In Schedule 7 to the Counter-Terrorism Act 2008
<noteRef href="#c23049741" marker="M64" class="commentary M"/>
(terrorist financing and money laundering), for paragraph 45(3), substitute—
</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown schedule default" startQuote="" endQuote="">
<subparagraph eId="d4e3719">
<num>3</num>
<content>
<p>Unless otherwise defined, expressions used in this Schedule and in Directive 2015/849/EU of the European Parliament and of the Council of 20th May 2015 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing have the same meaning as in that Directive.</p>
</content>
</subparagraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-8" period="#period1">
<num>8</num>
<heading>Borders, Citizenship and Immigration Act 2009</heading>
<intro>
<p>
In section 1 (general customs functions of the Secretary of State) of the Borders, Citizenship and Immigration Act 2009
<noteRef href="#c23049751" marker="M65" class="commentary M"/>
, in subsection (2)—
</p>
</intro>
<paragraph eId="schedule-7-paragraph-8-a">
<num>a</num>
<content>
<p>
in paragraph (d), for “Directive
<ref href="http://www.legislation.gov.uk/id/eudr/2005/60">2005/60/EC</ref>
on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing”
<noteRef href="#c23049761" marker="M66" class="commentary M"/>
substitute “Directive 2015/849/EU of the European Parliament and of the Council of 20th May 2015 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing
<noteRef href="#c23049771" marker="M67" class="commentary M"/>
”;
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-8-b">
<num>b</num>
<content>
<p>
in paragraph (e), for “Regulation
<ref href="http://www.legislation.gov.uk/id/eur/2006/1781">(EC) No 1781/2006</ref>
on information on the payer accompanying transfers of funds”
<noteRef href="#c23049781" marker="M68" class="commentary M"/>
substitute “Regulation (EU) 2015/847 of the European Parliament and of the Council of 20th May 2015 on information accompanying transfers of funds”.
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-9" period="#period1">
<num>9</num>
<heading>Crime and Courts Act 2013</heading>
<content>
<p>
In Schedule 17 (offences in relation to which a deferred prosecution arrangement may be entered into) to the Crime and Courts Act 2013
<noteRef href="#c23049791" marker="M69" class="commentary M"/>
, in paragraph 27, for “regulation 45 of the Money Laundering Regulations 2007 (S.I. 2007/2157)” substitute
<mod>
<quotedText>“ regulation 86 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-10" period="#period1">
<num>10</num>
<heading>Finance Act 2014</heading>
<content>
<p>
In Schedule 34 to the Finance Act 2014
<noteRef href="#c23049801" marker="M70" class="commentary M"/>
, in paragraph 6(4)(j) (criminal offences) for “regulation 45(1) of the Money Laundering Regulations 2007 (S.I. 2007/2157)” substitute
<mod>
<quotedText>“ regulation 86(1) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-11" period="#period1">
<num>11</num>
<heading>Bank of England and Financial Services Act 2016</heading>
<intro>
<p>In the Bank of England and Financial Services Act 2016—</p>
</intro>
<paragraph eId="schedule-7-paragraph-11-a">
<num>a</num>
<content>
<p>
in the italic heading above section 30, after “Money laundering” insert
<mod>
<quotedText>“ and terrorist financing ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-11-b">
<num>b</num>
<intro>
<p>
in section 30 (politically exposed persons: money laundering)
<noteRef href="#c23049811" marker="M71" class="commentary M"/>
</p>
</intro>
<subparagraph eId="schedule-7-paragraph-11-b-i">
<num>i</num>
<content>
<p>
in the heading, after “Money laundering” insert
<mod>
<quotedText>“ and terrorist financing ”</quotedText>
</mod>
; and
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-11-b-ii">
<num>ii</num>
<content>
<p>
in subsection (1) for “Secretary of State” substitute
<mod>
<quotedText>“ Treasury ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
</paragraph>
</paragraph>
</part>
<part eId="schedule-7-part-2" period="#period1">
<num>
<strong>PART 2</strong>
</num>
<heading>Consequential Amendments to Secondary Legislation</heading>
<paragraph eId="schedule-7-paragraph-12" period="#period1">
<num>12</num>
<heading>Estate Agents (Undesirable Practices) (No 2) Order 1991</heading>
<intro>
<p>
Schedule 3 (other matters) to the Estate Agents (Undesirable Practices) (No 2) Order 1991
<noteRef href="#c23049821" marker="M72" class="commentary M"/>
is amended as follows—
</p>
</intro>
<paragraph eId="schedule-7-paragraph-12-a">
<num>a</num>
<content>
<p>
at the beginning of paragraph 2, insert
<mod>
<quotedText>“ Subject to paragraph 2A ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-12-b">
<num>b</num>
<content>
<p>after paragraph 2, insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<hcontainer name="regulation" eId="d4e3868">
<num>2A</num>
<content>
<p>Paragraph 2 does not apply if the estate agent does not forward accurate details of the offer because the estate agent is unable to apply the customer due diligence measures required by regulation 28, and where relevant, those required by regulations 33, and 35 to 37 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 in relation to the offeror.</p>
</content>
</hcontainer>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-13" period="#period1">
<num>13</num>
<heading>Public Interest Disclosure (Prescribed Persons) Order (Northern Ireland) 1999</heading>
<intro>
<p>
In the Schedule (description of persons and matters) to the Public Interest Disclosure (Prescribed Persons) Order (Northern Ireland) 1999
<noteRef href="#c23049831" marker="M73" class="commentary M"/>
</p>
</intro>
<paragraph eId="schedule-7-paragraph-13-a">
<num>a</num>
<content>
<p>
in the entry relating to Her Majesty's Revenue and Customs, in column 2, for “regulation 23(1)(d)(vii) of the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ regulation 7(1)(c)(vii) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-13-b">
<num>b</num>
<content>
<p>in the appropriate place, insert the following entry—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<tblock class="tabular">
<table style="table-layout:fixed">
<tr>
<td style="width:50%">
<p>National Crime Agency</p>
</td>
<td style="width:50%">
<p>
<embeddedStructure>
<blockContainer class="BlockText">
<p>Matters relating to compliance with—</p>
</blockContainer>
<subparagraph eId="d4e3918">
<num>a</num>
<content>
<p>the Terrorism Act 2000;</p>
</content>
</subparagraph>
<subparagraph eId="d4e3924">
<num>b</num>
<content>
<p>the Proceeds of Crime Act 2002; or</p>
</content>
</subparagraph>
<subparagraph eId="d4e3930">
<num>c</num>
<content>
<p>the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017</p>
</content>
</subparagraph>
</embeddedStructure>
</p>
</td>
</tr>
</table>
</tblock>
</quotedStructure>
</mod>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-14" period="#period1">
<num>14</num>
<heading>Terrorism Act 2000 (Crown Servants and Regulators) Regulations 2001</heading>
<content>
<p>
In the meaning of “relevant business” in regulation 2 (interpretation) of the Terrorism Act 2000 (Crown Servants and Regulators) Regulations 2001
<noteRef href="#c23049841" marker="M74" class="commentary M"/>
for “regulation 3(1)(a) to (h) of the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ regulation 8(2)(a) to (h) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-15" period="#period1">
<num>15</num>
<heading>Representation of the People (England and Wales) Regulations 2001</heading>
<content>
<p>
In regulation 114(3)(b) in the Representation of the People (England and Wales) Regulations 2001
<noteRef href="#c23049851" marker="M75" class="commentary M"/>
(sale of full register to credit reference agencies), for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-16" period="#period1">
<num>16</num>
<heading>Representation of the People (Scotland) Regulations 2001</heading>
<content>
<p>
In regulation 113(3)(b) in the Representation of the People (Scotland) Regulations 2001
<noteRef href="#c23049861" marker="M76" class="commentary M"/>
(sale of full register to credit reference agencies), for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-17" period="#period1">
<num>17</num>
<heading>Financial Services and Markets Act 2000 (Regulated Activities) Order 2001</heading>
<content>
<p>
In article 72E(9) in the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001
<noteRef href="#c23049871" marker="M77" class="commentary M"/>
(Business and Angel-led Enterprise Capital Funds) for “the Money Laundering Regulations 2007”
<noteRef href="#c23049881" marker="M78" class="commentary M"/>
substitute “the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017”.
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-18" period="#period1">
<num>18</num>
<heading>Open-Ended Investment Companies Regulations 2001</heading>
<intro>
<p>
Regulation 48 (bearer shares) of the Open-Ended Investment Companies Regulations 2001
<noteRef href="#c23049891" marker="M79" class="commentary M"/>
is amended as follows—
</p>
</intro>
<paragraph eId="schedule-7-paragraph-18-a">
<num>a</num>
<content>
<p>the existing text is renumbered as paragraph (1);</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-18-b">
<num>b</num>
<content>
<p>
in that paragraph (1), after “investment company” insert
<mod>
<quotedText>
“ authorised before the day on which the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force (“
<term refersTo="#term-the-relevant-date">the relevant date</term>
”) ”
</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-18-c">
<num>c</num>
<content>
<p>after paragraph (1) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown unknown default" startQuote="" endQuote="">
<paragraph eId="d4e4027">
<num>2</num>
<content>
<p>An open-ended investment company authorised on or after the relevant date may not issue any bearer shares under paragraph (1), and any provision in the instrument of incorporation of such an open-ended investment company purporting to authorise it to do so is void.</p>
</content>
</paragraph>
<paragraph eId="d4e4033">
<num>3</num>
<intro>
<p>Paragraph (2) does not apply to an open-ended investment company if—</p>
</intro>
<subparagraph eId="d4e4039">
<num>a</num>
<content>
<p>an application for an authorisation order was made in relation to that open-ended investment company before the relevant date; and</p>
</content>
</subparagraph>
<subparagraph eId="d4e4045">
<num>b</num>
<content>
<p>that application was not determined until a date on or after the relevant date.</p>
</content>
</subparagraph>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-19" period="#period1">
<num>19</num>
<heading>Proceeds of Crime Act 2002 (Disclosure of information to and by Lord Advocate and Scottish Ministers) Order 2003</heading>
<content>
<p>
In article 3(d) (disclosure of information by Lord Advocate and by Scottish Ministers) of the Proceeds of Crime Act 2002 (Disclosure of Information to and by Lord Advocate and Scottish Ministers) Order 2003
<noteRef href="#c23049901" marker="M80" class="commentary M"/>
for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-20" period="#period1">
<num>20</num>
<heading>Proceeds of Crime Act 2002 (Failure to Disclose Money Laundering: Specified Training) Order 2003</heading>
<content>
<p>
In article 2 of the Proceeds of Crime Act 2002 (Failure to Disclose Money Laundering: Specified Training) Order 2003
<noteRef href="#c23049911" marker="M81" class="commentary M"/>
(training specified), for “regulation 21 of the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ regulation 24 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-21" period="#period1">
<num>21</num>
<heading>Legislative and Regulatory Reform (Regulatory Functions) Order 2007</heading>
<subparagraph eId="schedule-7-paragraph-21-1">
<num>1</num>
<content>
<p>
Part 1 of the Schedule to the Legislative and Regulatory Reform (Regulatory Functions) Order 2007
<noteRef href="#c23049921" marker="M82" class="commentary M"/>
is amended as follows.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-21-2">
<num>2</num>
<content>
<p>
In the reference to “Her Majesty's Revenue and Customs” for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-21-3">
<num>3</num>
<content>
<p>
In the reference to a “professional body” for “Schedule 3 to the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ Schedule 1 to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-22" period="#period1">
<num>22</num>
<heading>Representation of the People (Northern Ireland) Regulations 2008</heading>
<content>
<p>
In regulation 112(3)(b) of the Representation of the People (Northern Ireland) Regulations 2008
<noteRef href="#c23049931" marker="M83" class="commentary M"/>
(sale of full register etc to credit reference agencies), for paragraph (i), substitute—
</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="secondary regulation main default" startQuote="" endQuote="">
<clause eId="d4e4127">
<num>i</num>
<content>
<p>the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017;</p>
</content>
</clause>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-23" period="#period1">
<num>23</num>
<heading>Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009</heading>
<intro>
<p>
In paragraph 2(6) of Schedule 3 (transitional and saving provisions) to the Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009
<noteRef href="#c23049941" marker="M84" class="commentary M"/>
, in the definition of “review and appeal provisions”—
</p>
</intro>
<paragraph eId="schedule-7-paragraph-23-a">
<num>a</num>
<content>
<p>
in paragraph (i) for “regulations 43 and 44 of the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ regulations 94 to 100 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-23-b">
<num>b</num>
<content>
<p>omit paragraph (j).</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-24" period="#period1">
<num>24</num>
<heading>Payment Services Regulations 2009</heading>
<subparagraph eId="schedule-7-paragraph-24-1">
<num>1</num>
<content>
<p>
The Payment Services Regulations 2009
<noteRef href="#c23049951" marker="M85" class="commentary M"/>
are amended as follows.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-24-2">
<num>2</num>
<content>
<p>
In regulation 2(1) (interpretation)
<noteRef href="#c23049961" marker="M86" class="commentary M"/>
, in the definition of “the money laundering directive” for “Directive
<ref href="http://www.legislation.gov.uk/id/eudr/2005/60">2005/60/EC</ref>
of the European Parliament and of the Council of 26th October 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing” substitute
<mod>
<quotedText>“ Directive 2015/849/EU of the European Parliament and of the Council of 20th May 2015 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-24-3">
<num>3</num>
<content>
<p>
In regulation 6(7) (conditions for authorisation as a payment institution) for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-24-4">
<num>4</num>
<intro>
<p>In regulation 13 (conditions for registration as a small payment institution)—</p>
</intro>
<paragraph eId="schedule-7-paragraph-24-4-a">
<num>a</num>
<content>
<p>
in sub-paragraph (a) of paragraph (4) for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
,
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-24-4-b">
<num>b</num>
<content>
<p>
in paragraph (6) for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-24-5">
<num>5</num>
<content>
<p>
In regulation 25(4)(a) (supervision of firms exercising passport rights) for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-24-6">
<num>6</num>
<intro>
<p>In regulation 29 (use of agents)—</p>
</intro>
<paragraph eId="schedule-7-paragraph-24-6-a">
<num>a</num>
<content>
<p>
in sub-paragraph (a)(ii)(aa) of paragraph (3) for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
,
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-24-6-b">
<num>b</num>
<content>
<p>
in subparagraph (c)(i) of paragraph (6) for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-24-7">
<num>7</num>
<content>
<p>
In regulation 119(2) (duty to co-operate and exchange of information) for “regulation 49A of the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ regulation 105 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-24-8">
<num>8</num>
<intro>
<p>In paragraph 6 of Schedule 2 (information to be included in or with an application for authorisation)—</p>
</intro>
<paragraph eId="schedule-7-paragraph-24-8-a">
<num>a</num>
<content>
<p>
for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-24-8-b">
<num>b</num>
<content>
<p>
for “Regulation
<ref href="http://www.legislation.gov.uk/id/eur/2006/1781">(EC) No 1781/2006</ref>
of the European Parliament and of the Council of 15 November 2006 on information on the payer accompanying transfers of funds”
<noteRef href="#c23049971" marker="M87" class="commentary M"/>
substitute “Regulation 2015/847/EU of the European Parliament and of the Council of 20 May 2015 on information accompanying transfers of funds”
<noteRef href="#c23049981" marker="M88" class="commentary M"/>
.
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-24-9">
<num>9</num>
<content>
<p>
In paragraph 3(d)(ii) in Part 1 of Schedule 5
<noteRef href="#c23049991" marker="M89" class="commentary M"/>
(application and modification of the Financial Services and Markets Act 2000) for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-24-10">
<num>10</num>
<content>
<p>
In paragraph 10(h) in Part 2 of Schedule 5
<noteRef href="#c23050001" marker="M90" class="commentary M"/>
(application and modification of secondary legislation) for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-25" period="#period1">
<num>25</num>
<heading>Companies (Disclosure of Address) Regulations 2009</heading>
<intro>
<p>
In paragraph 7(b) of Schedule 2 (disclosure to a credit reference agency) of the Companies (Disclosure of Address) Regulations 2009
<noteRef href="#c23050011" marker="M91" class="commentary M"/>
</p>
</intro>
<paragraph eId="schedule-7-paragraph-25-a">
<num>a</num>
<content>
<p>
for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-25-b">
<num>b</num>
<content>
<p>
for “Directive
<ref href="http://www.legislation.gov.uk/id/eudr/2005/60">2005/60/EC</ref>
of the European Parliament and of the Council of 26 October 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing”
<noteRef href="#c23050021" marker="M92" class="commentary M"/>
substitute “Directive 2015/849/EU of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing”
<noteRef href="#c23050031" marker="M93" class="commentary M"/>
.
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-26" period="#period1">
<num>26</num>
<heading>Overseas Companies Regulations 2009</heading>
<intro>
<p>
In paragraph 7(b) of Schedule 2 (disclosure to a credit reference agency) of the Overseas Companies Regulations 2009
<noteRef href="#c23050041" marker="M94" class="commentary M"/>
</p>
</intro>
<paragraph eId="schedule-7-paragraph-26-a">
<num>a</num>
<content>
<p>
for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-26-b">
<num>b</num>
<content>
<p>
for “Directive
<ref href="http://www.legislation.gov.uk/id/eudr/2005/60">2005/60/EC</ref>
of the European Parliament and of the Council of 26 October 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing” substitute
<mod>
<quotedText>“ Directive 2015/849/EU of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-27" period="#period1">
<num>27</num>
<heading>Defence and Security Public Contracts Regulations 2011</heading>
<content>
<p>
In regulation 23(1)(i) of Part 4 (criteria for the rejection of economic operators) to the Defence and Security Public Contracts Regulations 2011
<noteRef href="#c23050051" marker="M95" class="commentary M"/>
, at the end insert
<mod>
<quotedText>“ or of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-28" period="#period1">
<num>28</num>
<heading>Electronic Money Regulations 2011</heading>
<subparagraph eId="schedule-7-paragraph-28-1">
<num>1</num>
<content>
<p>
The Electronic Money Regulations 2011
<noteRef href="#c23050061" marker="M96" class="commentary M"/>
are amended as follows.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-28-2">
<num>2</num>
<content>
<p>
In regulation 2(1) (interpretation), in the definition of “money laundering directive” for “Directive
<ref href="http://www.legislation.gov.uk/id/eudr/2005/60">2005/60/EC</ref>
of the European Parliament and of the Council of 26th October 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing”
<noteRef href="#c23050071" marker="M97" class="commentary M"/>
substitute “Directive 2015/849/EU of the European Parliament and of the Council of 20th May 2015 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing”
<noteRef href="#c23050081" marker="M98" class="commentary M"/>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-28-3">
<num>3</num>
<content>
<p>
In regulation 6(7) (conditions for authorisation) for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-28-4">
<num>4</num>
<intro>
<p>In regulation 13 (conditions for registration) —</p>
</intro>
<paragraph eId="schedule-7-paragraph-28-4-a">
<num>a</num>
<content>
<p>
in subparagraph (a) of paragraph (8) for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-28-4-b">
<num>b</num>
<content>
<p>
in paragraph (10) for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-28-5">
<num>5</num>
<content>
<p>
In regulation 30(4)(a) (supervision of firms exercising passport rights) for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-28-6">
<num>6</num>
<intro>
<p>In regulation 34 (requirement for agents to be registered)—</p>
</intro>
<paragraph eId="schedule-7-paragraph-28-6-a">
<num>a</num>
<content>
<p>
in subparagraph (a)(ii)(aa) in paragraph (3) for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-28-6-b">
<num>b</num>
<content>
<p>
in subparagraph (c)(i) in paragraph (6) for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-28-7">
<num>7</num>
<content>
<p>
In regulation 71(2) (duty to cooperate and exchange information), in the words before sub-paragraph (a), for “regulation 49A of the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ regulation 105 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-28-8">
<num>8</num>
<intro>
<p>In paragraph 6 of Schedule 1 (information to be included in or with an application for authorisation)—</p>
</intro>
<paragraph eId="schedule-7-paragraph-28-8-a">
<num>a</num>
<content>
<p>
for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-28-8-b">
<num>b</num>
<content>
<p>
for “Regulation
<ref href="http://www.legislation.gov.uk/id/eur/2006/1781">(EC) No 1781/2006</ref>
of the European Parliament and of the Council of 15 November 2006 on information on the payer accompanying transfers of funds”
<noteRef href="#c23050091" marker="M99" class="commentary M"/>
substitute “Regulation 2015/847/EU of the European Parliament and of the Council of 20 May 2015 on information accompanying transfers of funds”
<noteRef href="#c23050101" marker="M100" class="commentary M"/>
.
</p>
</content>
</paragraph>
</subparagraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-29" period="#period1">
<num>29</num>
<heading>Terrorism Act 2000 and Proceeds of Crime Act 2002 (Business in the Regulated Sector) (No 2) Order 2012</heading>
<subparagraph eId="schedule-7-paragraph-29-1">
<num>1</num>
<content>
<p>
Regulation 4 (review) of the Terrorism Act 2000 and Proceeds of Crime Act 2002 (Business in the Regulated Sector) (No 2) Order 2012
<noteRef href="#c23050111" marker="M101" class="commentary M"/>
is amended as follows.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-29-2">
<num>2</num>
<content>
<p>
In paragraph (2) for “Directive
<ref href="http://www.legislation.gov.uk/id/eudr/2005/60">2005/60/EC</ref>
of the European Parliament and of the Council on the protection of the use of the financial system for the purpose of money laundering and terrorist financing” substitute
<mod>
<quotedText>“ Directive 2015/849/EU of the European Parliament and of the Council of 20th May 2015 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing ”</quotedText>
</mod>
<noteRef href="#c23050121" marker="M102" class="commentary M"/>
.
</p>
</content>
</subparagraph>
<subparagraph eId="schedule-7-paragraph-29-3">
<num>3</num>
<content>
<p>
In paragraph (4) for “the end of the period of five years beginning with the day on which this Order comes into force” substitute
<mod>
<quotedText>“ 26th June 2022 ”</quotedText>
</mod>
.
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-30" period="#period1">
<num>30</num>
<heading>Payment to Treasury of Penalties (Enforcement Costs) Order 2013</heading>
<content>
<p>
In regulation 2(1)(d) (enforcement of powers) of the Payment to Treasury of Penalties (Enforcement Costs) Order 2013
<noteRef href="#c23050131" marker="M103" class="commentary M"/>
for “regulation 42 of the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ regulation 76 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-31" period="#period1">
<num>31</num>
<heading>Public Interest Disclosure (Prescribed Persons) Order 2014</heading>
<content>
<p>
In the Schedule (description of persons and matters) to the Public Interest Disclosure (Prescribed Persons) Order 2014
<noteRef href="#c23050141" marker="M104" class="commentary M"/>
, in the entry relating to the National Crime Agency, for the words in the second column substitute—
</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown schedule default" startQuote="" endQuote="">
<p>Matters relating to—</p>
<paragraph eId="d4e4591">
<num>a</num>
<content>
<p>corrupt individuals or companies offering or receiving bribes to secure a benefit for themselves or others;</p>
</content>
</paragraph>
<paragraph eId="d4e4597">
<num>b</num>
<intro>
<p>compliance with—</p>
</intro>
<subparagraph eId="d4e4603">
<num>i</num>
<content>
<p>the Terrorism Act 2000;</p>
</content>
</subparagraph>
<subparagraph eId="d4e4609">
<num>ii</num>
<content>
<p>the Proceeds of Crime Act 2002; or</p>
</content>
</subparagraph>
<subparagraph eId="d4e4615">
<num>iii</num>
<content>
<p>the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017</p>
</content>
</subparagraph>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-32" period="#period1">
<num>32</num>
<heading>Companies (Disclosure of Date of Birth Information) Regulations 2015</heading>
<intro>
<p>
In paragraph 7(b) of Schedule 2 (disclosure to a credit reference agency) to the Companies (Disclosure of Date of Birth Information) Regulations 2015
<noteRef href="#c23050151" marker="M105" class="commentary M"/>
</p>
</intro>
<paragraph eId="schedule-7-paragraph-32-a">
<num>a</num>
<content>
<p>
for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-32-b">
<num>b</num>
<content>
<p>
for “Directive
<ref href="http://www.legislation.gov.uk/id/eudr/2005/60">2005/60/EC</ref>
of the European Parliament and of the Council of 26 October 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing”
<noteRef href="#c23050161" marker="M106" class="commentary M"/>
substitute “Directive 2015/849/EU of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing”.
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-33" period="#period1">
<num>33</num>
<heading>Payment Accounts Regulations 2015</heading>
<content>
<p>
In regulation 25(1)(b) of Part 4 (refusal of application) in the Payment Accounts Regulation 2015
<noteRef href="#c23050171" marker="M107" class="commentary M"/>
for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-34" period="#period1">
<num>34</num>
<heading>Register of People with Significant Control Regulations 2016</heading>
<intro>
<p>
In paragraph 8(b) of Schedule 4 (disclosure to a credit reference agency) of the Register of People with Significant Control Regulations 2016
<noteRef href="#c23050181" marker="M108" class="commentary M"/>
</p>
</intro>
<paragraph eId="schedule-7-paragraph-34-a">
<num>a</num>
<content>
<p>
in paragraph (i) for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
;
</p>
</content>
</paragraph>
<paragraph eId="schedule-7-paragraph-34-b">
<num>b</num>
<content>
<p>
in paragraph (iii) for “Directive
<ref href="http://www.legislation.gov.uk/id/eudr/2005/60">2005/60/EC</ref>
of the European Parliament and of the Council on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing” substitute
<mod>
<quotedText>“ Directive 2015/849/EU of the European Parliament and of the Council on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</paragraph>
<paragraph eId="schedule-7-paragraph-35" period="#period1">
<num>35</num>
<heading>Economic Growth (Regulatory Functions) Order 2017</heading>
<content>
<p>
In Part 1 of the Schedule to the Economic Growth (Regulatory Functions) Order 2017
<noteRef href="#c23050191" marker="M109" class="commentary M"/>
, in the entry for Her Majesty's Revenue and Customs, for “the Money Laundering Regulations 2007” substitute
<mod>
<quotedText>“ the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</part>
</hcontainer>
</hcontainer>
</portionBody>
</portion>
</akomaNtoso>