Tribunals, Courts and Enforcement Act 2007 (c. 15)

SCHEDULES

SCHEDULE 12 E+W Taking control of goods

Modifications etc. (not altering text)

C1 Sch. 12 applied (prosp.) by Finance Act 2008 (c. 9), ss. 127(2), 129(4)

C2 Sch. 12 applied (6.4.2014) by Finance Act 2008 (c. 9), ss. 127(2), 129(4); S.I. 2014/906, arts. 2, 3

C3 Sch. 12 applied by S.I. 2013/2605, art. 21K(1) (as inserted (12.11.2018) by The Proceeds of Crime Act 2002 (External Investigations and External Orders and Requests) (Amendment) Order 2018 (S.I. 2018/1078), arts. 1(2), 8)

C4 Sch. 12 applied by S.I. 2014/1893, art. 34K(1) (as inserted (12.11.2018) by The Proceeds of Crime Act 2002 (External Investigations and External Orders and Requests) (Amendment) Order 2018 (S.I. 2018/1078), arts. 1(2), 20)

Part 2 E+W The procedure

Valuation E+W

36 (1) Before the end of the minimum period, the enforcement agent must— E+W

(a) make or obtain a valuation of the controlled goods in accordance with regulations;

(b) give the debtor, and separately any co-owner, an opportunity to obtain an independent valuation of the goods.

(2) In this paragraph “minimum period” means the period specified by regulations under—

(a) paragraph 49, in the case of securities;

(b) paragraph 39, in any other case.

Commencement Information

I1 Sch. 12 para. 36 in force at 15.7.2013 for specified purposes by S.I. 2013/1739, art. 3(g)(xviii)

I2 Sch. 12 para. 36 in force at 6.4.2014 in so far as not already in force by S.I. 2014/768, art. 2(1)(b)