Search Legislation

Economic Crime and Corporate Transparency Act 2023

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Section 27

 Help about opening options

Changes to legislation:

There are currently no known outstanding effects for the Economic Crime and Corporate Transparency Act 2023, Section 27. Help about Changes to Legislation

27Use of names: exceptions based on national security etcU.K.

This section has no associated Explanatory Notes

After section 1199 of the Companies Act 2006 insert—

1199AExceptions based on national security etc

(1)The Secretary of State may, by written notice given to a person, provide that a prohibition imposed by this Chapter does not apply in relation to the carrying on of a business by that person under a name specified in the notice, if satisfied that to do so is necessary—

(a)in the interests of national security, or

(b)for the purposes of preventing or detecting serious crime.

(2)For the purposes of subsection (1)(b)

(a)crime” means conduct which—

(i)constitutes a criminal offence, or

(ii)is, or corresponds to, any conduct which, if it all took place in any one part of the United Kingdom, would constitute a criminal offence, and

(b)crime is “serious” if—

(i)the offence which is or would be constituted by the conduct is an offence for which the maximum sentence (in any part of the United Kingdom) is imprisonment for 3 years or more, or

(ii)the conduct involves the use of violence, results in substantial financial gain or is conduct by a large number of persons in pursuit of a common purpose.

Commencement Information

I1S. 27 in force at Royal Assent for specified purposes, see s. 219(1)(2)(b)

I2S. 27 in force at 15.1.2024 in so far as not already in force by S.I. 2023/1206, reg. 3(b)

Back to top

Options/Help

You have chosen to open The Whole Act without Schedules

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act without Schedules as a PDF

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?