The Register of Overseas Entities (Penalties and Northern Ireland Dispositions) Regulations 2023

InterpretationU.K.

This adran has no associated Memorandwm Esboniadol

2.  In these Regulations—

the ECTEA” means the Economic Crime (Transparency and Enforcement) Act 2022;

conduct” means an act or omission;

financial penalty” means a requirement to pay to the registrar a penalty, of an amount determined by the registrar in accordance with regulation 7, which may be—

(a)

a fixed amount (“a fixed penalty”);

(b)

an amount calculated by reference to a daily rate (“a daily rate penalty”); or

(c)

a combination of a fixed penalty and a daily rate penalty.

Commencement Information

I1Reg. 2 in force at 23.6.2023, see reg. 1(1)