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The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017
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- UK Statutory Instruments
- 2017 No. 692
- PART 8
- Regulation 74
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There are currently no known outstanding effects for the The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, Section 74.
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Powers of relevant officersU.K.
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74.—(1) A relevant officer (“R”) may only exercise powers under this Part pursuant to arrangements made with the FCA or with the Commissioners—
(a)by or on behalf of the local weights and measures authority of which R is an officer (“R's authority”); or
(b)by the Department for the Economy.
(2) Anything done or omitted to be done by, or in relation to, R in the exercise or purported exercise of a power in this Part is to be treated for all purposes as having been done or omitted to be done by, or in relation to—
(a)an officer of the FCA, if R is acting pursuant to arrangements made with the FCA, or
(b)an officer of Revenue and Customs, if R is acting pursuant to arrangements made with the Commissioners.
(3) Paragraph (2) does not apply for the purpose of any criminal proceedings brought against R, R's authority, the Department for the Economy, the FCA or the Commissioners, in respect of anything done or omitted to be done by R.
(4) R must not disclose to any person other than the FCA (if R is acting pursuant to arrangements made with the FCA), the Commissioners (if R is acting pursuant to arrangements made with the Commissioners), R's authority or, as the case may be, the Department of the Economy, information obtained by R in the exercise of such powers unless—
(a)R has the approval of the FCA or where appropriate the Commissioners to do so, or
(b)R is under a duty to make the disclosure.
Modifications etc. (not altering text)
C1Regs. 74-74C applied (with modifications) (1.9.2022) by The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022 (S.I. 2022/860), regs. 1(5), 14
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