Part 5Civil recovery of the proceeds etc. of unlawful conduct
F1CHAPTER 3CRecovery of cryptoassets: searches, seizure and detention
Searches
303Z24Report on exercise of powers
1
As soon as possible after the end of each financial year, the appointed person must prepare a report for that year.
2
“Financial year” means—
a
the period beginning with the day on which this section came into force and ending with the next 31 March (which is the first financial year), and
b
each subsequent period of 12 months beginning with 1 April.
3
4
In the report, the appointed person may make any recommendations they consider appropriate.
5
The appointed person must send a copy of the report to whichever of the Secretary of State, the Scottish Ministers or the Department of Justice appointed the person.
6
The Secretary of State must lay a copy of any report the Secretary of State receives under this section before Parliament and arrange for it to be published.
7
The Scottish Ministers must lay a copy of any report they receive under this section before the Scottish Parliament and arrange for it to be published.
8
The Department of Justice must lay a copy of any report it receives under this section before the Northern Ireland Assembly and arrange for it to be published.
9
Section 41(3) of the Interpretation Act (Northern Ireland) 1954 applies for the purposes of subsection (8) in relation to the laying of a copy of a report as it applies in relation to the laying of a statutory document under an enactment.
Pt. 5 Chs. 3C-3F inserted (26.10.2023 for specified purposes) by Economic Crime and Corporate Transparency Act 2023 (c. 56), s. 219(1)(2)(b)(c), Sch. 9 para. 1