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Economic Crime and Corporate Transparency Act 2023
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Detention and release of propertyU.K.
This section has no associated Explanatory Notes
5In section 47K (further detention pending making of restraint order), after subsection (4) insert—
“(5)Exempt property seized under section 47C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.
(6)In subsection (5)—
“exempt property” has the meaning given in section 47C(4) (reading references there to the defendant as references to the person by whom the property is held);
“senior officer” has the meaning given in section 47G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).”
Commencement Information
I1Sch. 8 para. 5 in force at Royal Assent for specified purposes, see s. 219(1)(2)(b)
I2Sch. 8 para. 5 in force at 26.4.2024 in so far as not already in force by S.I. 2024/269, reg. 4(a)
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