The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2022

Proceeds of Crime Act 2002

5.—(1) Schedule 9 to the Proceeds of Crime Act 2002(1) is amended as follows.

(2) In paragraph 1(1)(b)(2) (business in the regulated sector), for “Annex 1 to the Capital Requirements Directive”, in both places where it appears, substitute “Schedule 2 to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017”.

(3) In paragraph 3(3) (interpretation)—

(a) in sub-paragraph (1), omit the definition of “the Capital Requirements Directive”;

(b) in sub-paragraph (3)—

(i) omit “, the Capital Requirements Directive”;

(ii) for “those Directives” substitute “that Directive”.

(1)

2002 c. 29.

(2)

Schedule 9 was amended by S.I. 2017/692.

(3)

Paragraph 3 of Schedule 9 was amended by S.I. 2017/692. There are other amendments to this paragraph which are not relevant.