Pt. 1 extended (Isle of Man) (with modifications) (17.3.2011) by The Terrorist Asset-Freezing etc. Act 2010 (Isle of Man) Order 2011 (S.I. 2011/749), arts. 1, 2, Schs.

Pt. 1 extended (with modifications) (31.3.2011) by The Terrorist Asset-Freezing etc. Act 2010 (Overseas Territories) Order 2011 (S.I. 2011/750), arts. 1, 2, 3, Schs. 1-3 (as amended by S.I. 2013/534, reg. 1, Sch. para. 12(4))

Pt. 1 extended (Guernsey) (with modifications) (8.4.2011, with effect in accordance with art. 4 of the commencing S.I.) by The Terrorist Asset-Freezing etc. Act 2010 (Guernsey) Order 2011 (S.I. 2011/1082), arts. 1(2), 3, 4, Schs.

http://www.legislation.gov.uk/ukpga/2010/38/part/1/2012-03-31Terrorist Asset-Freezing etc. Act 2010An Act to make provision for imposing financial restrictions on, and in relation to, certain persons believed or suspected to be, or to have been, involved in terrorist activities; to amend Schedule 7 to the Counter-Terrorism Act 2008; and for connected purposes.texttext/xmlenStatute Law Database2021-09-03Expert Participation2012-03-31Part 1Terrorist Asset-FreezingCHAPTER 1Designated personsIntroductory
1Meaning of “designated person”

In this Part “designated person” means—

a

a person designated by the Treasury for the purposes of this Part, or

b

a natural or legal person, group or entity included in the list provided for by Article 2(3) of Council Regulation (EC) No 2580/2001 of 27 December 2001 on specific restrictive measures directed against certain persons and entities with a view to combating terrorism.

Final designations
2Treasury's power to make final designation1

The Treasury may make a final designation of a person for the purposes of this Part if—

a

they reasonably believe—

i

that the person is or has been involved in terrorist activity,

ii

that the person is owned or controlled directly or indirectly by a person within sub-paragraph (i), or

iii

that the person is acting on behalf of or at the direction of a person within sub-paragraph (i), and

b

they consider that it is necessary for purposes connected with protecting members of the public from terrorism that financial restrictions should be applied in relation to the person.

2

For this purpose involvement in terrorist activity is any one or more of the following—

a

the commission, preparation or instigation of acts of terrorism;

b

conduct that facilitates the commission, preparation or instigation of such acts, or that is intended to do so;

c

conduct that gives support or assistance to persons who are known or believed by the person concerned to be involved in conduct falling within paragraph (a) or (b) of this subsection.

3

It is immaterial whether the acts of terrorism in question are specific acts of terrorism or acts of terrorism generally.

4

In this section—

terrorism” has the same meaning as in the Terrorism Act 2000 (see section 1(1) to (4) of that Act);

and the reference in subsection (1)(b) above to financial restrictions includes a reference to restrictions relating to economic resources.

3Notification of final designation1

Where the Treasury make a final designation of a person, they must—

a

give written notice of the designation to the designated person, and

b

take steps to publicise the designation.

2

Unless one or more of the following conditions is met, the Treasury must take steps to publicise the designation generally.

3

The conditions are that—

a

the Treasury believe that the designated person is an individual under the age of 18, or

b

the Treasury consider that disclosure of the designation should be restricted—

i

in the interests of national security,

ii

for reasons connected with the prevention or detection of serious crime, or

iii

in the interests of justice.

4

If one or more of those conditions is met, the Treasury must inform only such persons as they consider appropriate.

5

If that ceases to be the case, the Treasury must—

a

give written notice of that fact to the designated person, and

b

take steps to publicise the designation generally.

4Duration of final designation1

A final designation expires at the end of the period of one year beginning with the date on which it was made, unless it is renewed.

2

The Treasury may renew a final designation at any time before it expires, if the requirements in section 2(1)(a) and (b) continue to be met.

3

A renewed final designation expires at the end of the period of one year beginning with the date on which it was renewed (or last renewed), unless it is renewed again.

4

The provisions of section 3 (notification of final designation) apply where a final designation is renewed (or further renewed) as in relation to the original making of a final designation.

5

Where a final designation expires the Treasury must—

a

give written notice of that fact to the designated person, and

b

take reasonable steps to bring that fact to the attention of the persons informed of the designation.

5Variation or revocation of final designation1

The Treasury may vary or revoke a final designation at any time.

2

Where a final designation is varied or revoked the Treasury must—

a

give written notice of the variation or revocation to the designated person, and

b

take reasonable steps to bring the variation or revocation to the attention of the persons informed of the designation.

Interim designations
6Treasury's power to make interim designation1

The Treasury may make an interim designation of a person for the purposes of this Part if—

a

they reasonably suspect—

i

that the person is or has been involved in terrorist activity,

ii

that the person is owned or controlled directly or indirectly by a person within sub-paragraph (i), or

iii

that the person is acting on behalf of or at the direction of a person within sub-paragraph (i), and

b

they consider that it is necessary for purposes connected with protecting members of the public from terrorism that financial restrictions should be applied in relation to the person.

2

Subsections (2) to (4) of section 2 (Treasury's power to make final designation: definitions) apply for the purposes of this section as they apply for the purposes of that section.

3

The Treasury may not make more than one interim designation of the same person in relation to the same, or substantially the same, evidence.

7Notification of interim designation1

Where the Treasury make an interim designation of a person, they must—

a

give written notice of the designation to the designated person, and

b

take steps to publicise the designation.

2

Unless one or more of the following conditions is met, the Treasury must take steps to publicise the designation generally.

3

The conditions are that—

a

the Treasury believe that the designated person is an individual under the age of 18, or

b

the Treasury consider that disclosure of the designation should be restricted—

i

in the interests of national security,

ii

for reasons connected with the prevention or detection of serious crime, or

iii

in the interests of justice.

4

If one or more of those conditions is met, the Treasury must inform only such persons as they consider appropriate.

5

If that ceases to be the case, the Treasury must—

a

give written notice of that fact to the designated person, and

b

take steps to publicise the designation generally.

8Duration of interim designation1

An interim designation expires—

a

at the end of the period of 30 days beginning with the date on which it was made, or

b

on the making of a final designation in relation to the same person,

whichever is the earlier.

2

Where an interim designation expires the Treasury must—

a

give written notice of that fact to the designated person, and

b

take reasonable steps to bring that fact to the attention of the persons informed of the designation.

3

Where an interim designation expires on the making of a final designation in relation to the same person—

a

a notice under subsection (2) above may be combined with a notice under section 3(1)(a), and

b

steps under subsection (2) above may be combined with steps under section 3 to publicise the final designation.

9Variation or revocation of interim designation1

The Treasury may vary or revoke an interim designation at any time.

2

Where an interim designation is varied or revoked the Treasury must—

a

give written notice of the variation or revocation to the designated person, and

b

take reasonable steps to bring the variation or revocation to the attention of the persons informed of the designation.

Confidential information
10Confidential information1

Where the Treasury in accordance with section 3(4) or 7(4) inform only certain persons of a designation, they may specify that information contained in it is to be treated as confidential.

2

A person (“P”) who—

a

is provided with information that is to be treated as confidential in accordance with subsection (1), or

b

obtains such information,

must not, subject to subsection (3), disclose it if P knows, or has reasonable cause to suspect, that the information is to be treated as confidential.

3

The prohibition in subsection (2) does not apply to any disclosure made by P with lawful authority.

4

For this purpose information is disclosed with lawful authority only if and to the extent that—

a

the disclosure is by, or is authorised by, the Treasury,

b

the disclosure is by or with the consent of the designated person,

c

the disclosure is necessary to give effect to a requirement imposed under or by virtue of this Part or any other enactment, or

d

the disclosure is required, under rules of court, tribunal rules or a court or tribunal order, for the purposes of legal proceedings of any description.

5

This section does not prevent the disclosure of information that is already, or has previously been, available to the public from other sources.

6

A person who contravenes the prohibition in subsection (2) commits an offence.

7

The High Court (in Scotland, the Court of Session) may, on the application of—

a

the person who is the subject of the information, or

b

the Treasury,

grant an injunction (in Scotland, an interdict) to prevent a breach of the prohibition in subsection (2).

CHAPTER 2Prohibitions in relation to designated personsProhibitions
11Freezing of funds and economic resources1

A person (“P”) must not deal with funds or economic resources owned, held or controlled by a designated person if P knows, or has reasonable cause to suspect, that P is dealing with such funds or economic resources.

2

In subsection (1) “deal with” means—

a

in relation to funds—

i

use, alter, move, allow access to or transfer,

ii

deal with the funds in any other way that would result in any change in volume, amount, location, ownership, possession, character or destination, or

iii

make any other change that would enable use, including portfolio management;

b

in relation to economic resources, exchange or use in exchange for funds, goods or services.

3

Subsection (1) is subject to sections 16 and 17 (exceptions and licences).

4

A person who contravenes the prohibition in subsection (1) commits an offence.

12Making funds or financial services available to designated person1

A person (“P”) must not make funds or financial services available (directly or indirectly) to a designated person if P knows, or has reasonable cause to suspect, that P is making the funds or financial services so available.

2

Subsection (1) is subject to sections 16 and 17 (exceptions and licences).

3

A person who contravenes the prohibition in subsection (1) commits an offence.

13Making funds or financial services available for benefit of designated person1

A person (“P”) must not make funds or financial services available to any person for the benefit of a designated person if P knows, or has reasonable cause to suspect, that P is making the funds or financial services so available.

2

For the purposes of this section—

a

funds are made available for the benefit of a designated person only if that person thereby obtains, or is able to obtain, a significant financial benefit, and

b

financial benefit” includes the discharge of a financial obligation for which the designated person is wholly or partly responsible.

3

Subsection (1) is subject to sections 16 and 17 (exceptions and licences).

4

A person who contravenes the prohibition in subsection (1) commits an offence.

14Making economic resources available to designated person1

A person (“P”) must not make economic resources available (directly or indirectly) to a designated person if P knows, or has reasonable cause to suspect—

a

that P is making the economic resources so available, and

b

that the designated person would be likely to exchange the economic resources, or use them in exchange, for funds, goods or services.

2

Subsection (1) is subject to section 17 (licences).

3

A person who contravenes the prohibition in subsection (1) commits an offence.

15Making economic resources available for benefit of designated person1

A person (“P”) must not make economic resources available to any person for the benefit of a designated person if P knows, or has reasonable cause to suspect, that P is making the economic resources so available.

2

For the purposes of this section—

a

economic resources are made available for the benefit of a designated person only if that person thereby obtains, or is able to obtain, a significant financial benefit, and

b

financial benefit” includes the discharge of a financial obligation for which the designated person is wholly or partly responsible.

3

Subsection (1) is subject to section 17 (licences).

4

A person who contravenes the prohibition in subsection (1) commits an offence.

Exceptions and licences
16Exceptions1

The prohibitions in sections 11 to 13 are not contravened by a relevant institution crediting a frozen account with—

a

interest or other earnings due on the account, or

b

payments due under contracts, agreements or obligations that were concluded or arose before the account became a frozen account.

2

The prohibitions in sections 12 and 13 on making funds available do not prevent a relevant institution from crediting a frozen account where it receives funds transferred to the account.

3

The prohibition in section 13 is not contravened by the making of a payment which—

a

is a benefit under or by virtue of an enactment relating to social security (irrespective of the name or nature of the benefit), and

b

is made to a person who is not a designated person,

whether or not the payment is made in respect of a designated person.

4

A relevant institution must inform the Treasury without delay if it credits a frozen account in accordance with subsection (1)(b) or (2).

5

In this section “frozen account” means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person.

17Licences1

The prohibitions in sections 11 to 15 do not apply to anything done under the authority of a licence granted by the Treasury.

2

Where relevant such a licence also constitutes authorisation under Article 6 of Council Regulation (EC) No 2580/2001 of 27 December 2001 on specific restrictive measures directed against certain persons and entities with a view to combating terrorism.

3

A licence must specify the acts authorised by it and may be—

a

general or granted to a category of persons or to a particular person;

b

subject to conditions;

c

of indefinite duration or subject to an expiry date.

4

The Treasury may vary or revoke a licence at any time.

5

On the grant, variation or revocation of a licence, the Treasury must—

a

in the case of a licence granted to a particular person, give written notice of the grant, variation or revocation to that person;

b

in the case of a general licence or a licence granted to a category of persons, take such steps as the Treasury consider appropriate to publicise the grant, variation or revocation of the licence.

6

A person commits an offence who, for the purpose of obtaining a licence, knowingly or recklessly—

a

provides information that is false in a material respect, or

b

provides or produces a document that is not what it purports to be.

7

A person who purports to act under the authority of a licence but who fails to comply with any conditions included in the licence commits an offence.

Circumventing prohibitions etc.
18Circumventing prohibitions etc.

A person commits an offence who intentionally participates in activities knowing that the object or effect of them is (whether directly or indirectly)—

a

to circumvent any of the prohibitions in sections 11 to 15, or

b

to enable or facilitate the contravention of any such prohibition.

CHAPTER 3InformationInformation for Treasury
19Reporting obligations of relevant institutions1

A relevant institution must inform the Treasury as soon as practicable if—

a

it knows, or has reasonable cause to suspect, that a person—

i

is a designated person, or

ii

has committed an offence under any provision of Chapter 2 (prohibitions in relation to designated persons), and

b

the information or other matter on which the knowledge or suspicion is based came to it in the course of carrying on its business.

2

Where a relevant institution informs the Treasury under subsection (1), it must state—

a

the information or other matter on which the knowledge or suspicion is based, and

b

any information it holds about the person by which the person can be identified.

3

Subsection (4) applies if—

a

a relevant institution informs the Treasury under subsection (1) that it knows, or has reasonable cause to suspect, that a person is a designated person, and

b

that person is a customer of the institution.

4

The relevant institution must also state the nature and amount or quantity of any funds or economic resources held by it for the customer at the time when it first had the knowledge or suspicion.

5

A relevant institution that fails to comply with any requirement of subsection (1), (2) or (4) commits an offence.

20Powers to request information1

The Treasury may request a designated person to provide information concerning—

a

funds or economic resources owned, held or controlled by or on behalf of the designated person, or

b

any disposal of such funds or economic resources.

2

The Treasury may request a designated person to provide such information as the Treasury may reasonably require about expenditure—

a

by or on behalf of the designated person, or

b

for the benefit of the designated person.

3

The power in subsection (1) or (2) is exercisable only where the Treasury believe that it is necessary for the purpose of monitoring compliance with or detecting evasion of this Part.

4

The Treasury may request a person acting under a licence granted under section 17 to provide information concerning—

a

funds or economic resources dealt with under the licence, or

b

funds, economic resources or financial services made available under the licence.

5

The Treasury may request any person in or resident in the United Kingdom to provide such information as the Treasury may reasonably require for the purpose of—

a

establishing for the purposes of this Part—

i

the nature and amount or quantity of any funds or economic resources owned, held or controlled by or on behalf of a designated person,

ii

the nature and amount or quantity of any funds, economic resources or financial services made available directly or indirectly to, or for the benefit of, a designated person, or

iii

the nature of any financial transactions entered into by a designated person,

b

monitoring compliance with or detecting evasion of this Part, or

c

obtaining evidence of the commission of an offence under this Part.

6

The Treasury may specify the manner in which, and the period within which, information is to be provided.

7

If no such period is specified, the information which has been requested must be provided within a reasonable time.

8

A request may include a continuing obligation to keep the Treasury informed as circumstances change, or on such regular basis as the Treasury may specify.

9

Information requested under this section may relate to any period of time during which a person is, or was, a designated person.

10

Information requested under subsection (1)(b), (2) or (5)(a)(iii) may relate to any period of time before a person became a designated person (as well as, or instead of, any subsequent period of time).

21Production of documents1

A request under section 20 may include a request to produce specified documents or documents of a specified description.

2

Where the Treasury request that documents be produced, they may—

a

take copies of or extracts from any document so produced,

b

request any person producing a document to give an explanation of it, and

c

where that person is a body corporate, partnership or unincorporated body other than a partnership, request any person who is—

i

in the case of a partnership, a present or past partner or employee of the partnership,

ii

in any other case, a present or past officer or employee of the body concerned,

to give such an explanation.

3

Where the Treasury request a designated person or a person acting under a licence granted under section 17 to produce documents, that person must—

a

take reasonable steps to obtain the documents (if not already in the person's possession or control);

b

keep the documents under the person's possession or control (except for the purpose of providing them to the Treasury or as the Treasury may otherwise permit).

22Failure to comply with request for information1

A person commits an offence who—

a

without reasonable excuse refuses or fails within the time and in the manner specified (or, if no time has been specified, within a reasonable time) to comply with any request made under this Chapter,

b

knowingly or recklessly gives any information, or produces any document, which is false in a material particular in response to such a request,

c

with intent to evade the provisions of this Chapter, destroys, mutilates, defaces, conceals or removes any document, or

d

otherwise intentionally obstructs the Treasury in the exercise of their powers under this Chapter.

2

Where a person is convicted of an offence under this section, the court may make an order requiring that person, within such period as may be specified in the order, to comply with the request.

Disclosure of information by Treasury
23General power to disclose information1

The Treasury may disclose any information obtained by them in exercise of their powers under this Part (including any document so obtained and any copy or extract made of any document so obtained)—

a

to a police officer;

b

to any person holding or acting in any office under or in the service of—

i

the Crown in right of the Government of the United Kingdom,

ii

the Crown in right of the Scottish Administration, the Northern Ireland Administration or the Welsh Assembly Government,

iii

the States of Jersey, Guernsey or Alderney or the Chief Pleas of Sark,

iv

the Government of the Isle of Man, or

v

the Government of any British overseas territory;

c

to any law officer of the Crown for Jersey, Guernsey or the Isle of Man;

d

to the Legal Services Commission, the Scottish Legal Aid Board or the Northern Ireland Legal Services Commission;

e

to the Financial Services Authority, the Jersey Financial Services Commission, the Guernsey Financial Services Commission, the Isle of Man Insurance and Pensions Authority and the Isle of Man Financial Supervision Commission;

f

for the purpose of giving assistance or co-operation, pursuant to the relevant Security Council resolutions, to—

i

any organ of the United Nations, or

ii

any person in the service of the United Nations, the Council of the European Union, the European Commission or the Government of any country;

g

with a view to instituting, or otherwise for the purposes of, any proceedings—

i

in the United Kingdom, for an offence under this Part, or

ii

in any of the Channel Islands, the Isle of Man or any British overseas territory, for an offence under a similar provision in any such jurisdiction; or

h

with the consent of a person who, in their own right, is entitled to the information or to possession of the document, copy or extract, to any third party.

2

In subsection (1)(h) “in their own right” means not merely in the capacity as a servant or agent of another person.

Other
24Co-operation with UK or international investigations

The Treasury must take such steps as they consider appropriate to co-operate with any investigation, in the United Kingdom or elsewhere, relating to the funds, economic resources or financial transactions of a designated person.

25Application of provisions1

Nothing done under this Chapter is to be treated as a breach of any restriction imposed by statute or otherwise.

2

But nothing in this Chapter authorises a disclosure that—

a

contravenes the Data Protection Act 1998, or

b

is prohibited by Part 1 of the Regulation of Investigatory Powers Act 2000.

3

Nothing in this Chapter is to be read as requiring a person who has acted as counsel or solicitor for any person to disclose any privileged information in their possession in that capacity.

4

This Chapter does not limit the circumstances in which information may be disclosed apart from this Chapter.

5

This Chapter does not limit the powers of the Treasury to impose conditions in connection with the discharge of their functions under section 17 (licences).

6

In this section—

information” includes documents;

privileged information” means information with respect to which a claim to legal professional privilege (in Scotland, to confidentiality of communications) could be maintained in legal proceedings.

CHAPTER 4Supplementary provisionsSupervision of exercise of powers
26Appeal to the court in relation to designations1

This section applies to any decision of the Treasury—

a

to make or vary an interim or final designation of a person,

b

to renew a final designation of a person, or

c

not to vary or revoke an interim or final designation of a person.

2

The designated person concerned may appeal against any such decision to the High Court or, in Scotland, the Court of Session.

3

On such an appeal, the court may make such order as it considers appropriate.

4

The making of an appeal under this section does not suspend the effect of the decision to which the appeal relates.

27Review of other decisions by the court1

This section applies to any decision of the Treasury in connection with their functions under this Part other than a decision to which section 26 applies (appeal to the court in relation to designations).

2

Any person affected by a decision to which this section applies may apply to the High Court or, in Scotland, the Court of Session, for the decision to be set aside.

3

In determining whether the decision should be set aside, the court must apply the principles applicable on an application for judicial review.

4

If the court decides that a decision should be set aside it may make any such order, or give any such relief, as may be made or given in proceedings for judicial review.

28Appeals and reviews: supplementary1

In paragraph 2 of Schedule 1 to the Senior Courts Act 1981 (business allocated to the Queen's Bench Division), after paragraph (bb) insert—

bc

all proceedings—

i

on an appeal under section 26, or an application under section 27, of the Terrorist Asset-Freezing etc. Act 2010 (appeals and reviews by the court), or

ii

on a claim arising from any matter to which such an appeal or application relates;

.

2

In section 18(1) of the Regulation of Investigatory Powers Act 2000 (exceptions to exclusion of intercept evidence), after paragraph (db) insert—

dc

any proceedings—

i

on an appeal under section 26, or an application under section 27, of the Terrorist Asset-Freezing etc. Act 2010 (appeals and reviews by the court), or

ii

on a claim arising from any matter to which such an appeal or application relates,

or any proceedings arising out of such proceedings;

.

3

In section 18(2)(zb) of that Act (persons to whom disclosure not to be made) after “paragraph (db)” insert “ or (dc) ”.

4

The provisions of sections 66 to 68 of the Counter-Terrorism Act 2008 (supplementary provisions relating to rules of court and special advocates) apply in relation to proceedings—

a

on an appeal under section 26 or an application under section 27 (appeals and reviews by the court), or

b

on a claim arising from any matter to which such an appeal or application relates,

as they apply in relation to financial restrictions proceedings within the meaning of section 65 of that Act.

29Initial exercise of powers to make rules of court1

The first time after the passing of this Act that rules of court are made in exercise of the powers conferred by section 28(4) in relation to proceedings in England and Wales—

a

on an appeal under section 26, or

b

on a claim arising from any matter to which such an appeal relates,

those rules (together with any related rules of court) may be made by the Lord Chancellor instead of by the person who would otherwise make them.

2

The first time after the passing of this Act that rules of court are made in exercise of the powers conferred by section 28(4) in relation to proceedings in Northern Ireland—

a

on an appeal under section 26, or

b

on a claim arising from any matter to which such an appeal relates,

those rules (together with any related rules of court) may be made by the Lord Chancellor instead of by the person who would otherwise make them.

3

Before making rules of court under this section, the Lord Chancellor must consult—

a

in relation to rules applicable to proceedings in England and Wales, the Lord Chief Justice of England and Wales;

b

in relation to rules applicable to proceedings in Northern Ireland, the Lord Chief Justice of Northern Ireland.

4

The Lord Chancellor is not required to undertake any other consultation before making the rules.

5

The requirements of subsection (3)(a) and (b) may be satisfied by consultation that took place wholly or partly before the passing of this Act.

6

Rules of court made by the Lord Chancellor under this section—

a

must be laid before Parliament, and

b

if not approved by a resolution of each House before the end of 40 days beginning with the day on which they were made, cease to have effect at the end of that period.

7

In reckoning the period of 40 days no account is to be taken of any time during which Parliament is dissolved or prorogued or during which both Houses are adjourned for more than four days.

8

If rules cease to have effect in accordance with subsection (6)(b)—

a

that does not affect anything previously done in reliance on the rules, and

b

subsection (1) or (as the case may be) (2) applies as if the rules had not been made.

9

The following provisions do not apply to rules of court made by the Lord Chancellor under this section—

a

section 3(6) of the Civil Procedure Act 1997 (Parliamentary procedure for civil procedure rules);

b

section 56(1), (2) and (4) of the Judicature (Northern Ireland) Act 1978 (statutory rules procedure).

10

But section 4(1) of the Statutory Instruments Act 1946 (statutory instruments which are required to be laid before Parliament) applies to any such rules applicable to proceedings in Northern Ireland as it applies to a statutory instrument which is required to be laid before Parliament after being made.

11

Until section 85 of the Courts Act 2003 (process for making civil procedure rules) comes into force, in subsection (9)(a) above, for “section 3(6)” substitute “ section 3(2) ”.

12

In this section—

related rules of court” means rules of court that—

a

are contained in the same instrument as the rules mentioned in subsection (1) or (as the case may be) (2), and

b

relate specifically to the same kind of proceedings as those rules,

rules of court” means rules for regulating the practice and procedure to be followed in the High Court or the Court of Appeal.

30Treasury report on operation of Part 11

As soon as reasonably practicable after the end of each reporting period, the Treasury must—

a

prepare a report about the exercise during that period of the powers conferred on them by this Part, and

b

lay a copy of the report before Parliament.

2

The reporting periods are—

a

the period beginning when this Part comes into force and ending with the next 31 March, and

b

each succeeding period of three months.

31Independent review of operation of Part 11

The Treasury must appoint a person to review the operation of this Part.

2

The person appointed under subsection (1) must carry out a review of the operation of this Part as soon as reasonably practicable after the end of—

a

the period of nine months beginning when this Part comes into force, and

b

every subsequent twelve month period.

3

The person who conducts a review under this section must send the Treasury a report on its outcome as soon as reasonably practicable after completing the review.

4

On receiving a report under this section, the Treasury must lay a copy of it before Parliament.

5

The Treasury may pay the expenses of a person who conducts a review under this section and also such allowances as the Treasury determine.

Offences
32Penalties1

A person guilty of an offence under section 11, 12, 13, 14, 15 or 18 is liable—

a

on conviction on indictment, to imprisonment for a term not exceeding seven years or to a fine or to both;

b

on summary conviction, to imprisonment for a term not exceeding the relevant maximum or to a fine not exceeding the statutory maximum or to both.

2

A person guilty of an offence under section 10 or 17 is liable—

a

on conviction on indictment, to imprisonment for a term not exceeding two years or to a fine or to both;

b

on summary conviction, to imprisonment for a term not exceeding the relevant maximum or to a fine not exceeding the statutory maximum or to both.

3

For the purposes of subsections (1)(b) and (2)(b) “the relevant maximum” is—

a

in England and Wales, 12 months (or 6 months, if the offence was committed before the commencement of section 154(1) of the Criminal Justice Act 2003);

b

in Scotland, 12 months;

c

in Northern Ireland, 6 months.

4

A person guilty of an offence under section 19(5) or 22 is liable on summary conviction to imprisonment for a term not exceeding the relevant maximum or to a fine not exceeding level 5 on the standard scale or to both.

5

For the purposes of subsection (4) “the relevant maximum” is—

a

in England and Wales, 51 weeks (or 6 months, if the offence was committed before the commencement of section 281(4) and (5) of the Criminal Justice Act 2003);

b

in Scotland or Northern Ireland, 6 months.

33Extra-territorial application of offences1

An offence under this Part may be committed by conduct wholly or partly outside the United Kingdom by—

a

a UK national, or

b

a body incorporated or constituted under the law of any part of the United Kingdom.

2

In subsection (1) “UK national” means—

a

a British citizen, a British overseas territories citizen, a British National (Overseas) or a British Overseas citizen,

b

a person who under the British Nationality Act 1981 is a British subject, or

c

a British protected person within the meaning of that Act.

3

Her Majesty may by Order in Council provide for this section to have effect as if the list of persons in subsection (1) included a body incorporated or constituted under the law of any territory named in the Order.

4

An Order under subsection (3) may name—

a

one or more of the Channel Islands,

b

the Isle of Man, or

c

one or more of the British overseas territories.

5

In this section “conduct” includes acts and omissions.

6

Nothing in this section affects any criminal liability arising otherwise than under this section.

34Liability of officers of body corporate etc.1

Where an offence under this Part committed by a body corporate—

a

is committed with the consent or connivance of any director, manager, secretary or other similar officer of the body corporate, or any person who was purporting to act in any such capacity, or

b

is attributable to any neglect on the part of any such person,

that person as well as the body corporate is guilty of the offence and is liable to be proceeded against and punished accordingly.

2

In subsection (1) “director”, in relation to a body corporate whose affairs are managed by its members, means a member of the body corporate.

3

Subsection (1) also applies in relation to a body that is not a body corporate, with the substitution for the reference to a director of the body of a reference—

a

in the case of a partnership, to a partner;

b

in the case of an unincorporated body other than a partnership—

i

where the body's affairs are managed by its members, to a member of the body;

ii

in any other case, to a member of the governing body.

35Jurisdiction to try offences1

Where an offence under this Part is committed outside the United Kingdom—

a

proceedings for the offence may be taken at any place in the United Kingdom, and

b

the offence may for all incidental purposes be treated as having been committed at any such place.

2

In the application of subsection (1) to Scotland, any such proceedings against a person may be taken—

a

in any sheriff court district in which the person is apprehended or is in custody, or

b

in such sheriff court district as the Lord Advocate may determine.

3

In subsection (2) “sheriff court district” is to be read in accordance with the Criminal Procedure (Scotland) Act 1995 (see section 307(1) of that Act).

4

In section 28(2) of the Counter-Terrorism Act 2008 (jurisdiction to try offences committed in another part of the UK: offences to which the section applies), after paragraph (c) insert—

d

an offence under any provision of Part 1 of the Terrorist Asset-Freezing etc. Act 2010.

36Time limit for proceedings for summary offences1

In England and Wales an information relating to an offence under section 19(5) or 22 may be tried by a magistrates' court if it is laid—

a

at any time within three years after the commission of the offence, and

b

within twelve months after the date on which evidence sufficient in the opinion of the prosecutor to justify the proceedings comes to the knowledge of the prosecutor.

2

In Scotland—

a

proceedings for an offence under section 19(5) or 22 may be commenced—

i

before the end of the period of twelve months from the date on which evidence sufficient in the Lord Advocate's opinion to justify the proceedings came to the Lord Advocate's knowledge, and

ii

not later than three years after the commission of the offence, and

b

section 136(3) of the Criminal Procedure (Scotland) Act 1995 (date when proceedings deemed to be commenced) applies for the purposes of this subsection as for the purposes of that section.

3

In Northern Ireland a magistrates' court has jurisdiction to hear and determine a complaint charging the commission of an offence under section 19(5) or 22 provided that the complaint is made—

a

at any time within three years after the commission of the offence, and

b

within twelve months after the date on which evidence sufficient in the opinion of the prosecutor to justify the proceedings comes to the knowledge of the prosecutor.

4

For the purposes of this section a certificate of the prosecutor (or, in Scotland, the Lord Advocate) as to the date on which such evidence as is referred to above came to their notice is conclusive evidence.

37Consent to prosecution1

Proceedings for an offence under this Part (other than an offence under section 19(5) or 22) may not be instituted—

a

in England and Wales, except by or with the consent of the Attorney General;

b

in Northern Ireland, except by or with the consent of the Advocate General for Northern Ireland.

2

Nothing in subsection (1) prevents—

a

the arrest of a person in respect of an offence under this Part, or

b

the remand in custody or on bail of a person charged with such an offence.

38Procedure for offences by unincorporated bodies1

A fine imposed on an unincorporated body on its conviction of an offence under this Part must be paid out of the funds of the body.

2

Subsections (3) to (6) apply if it is alleged that an offence under this Part has been committed by an unincorporated body (as opposed to by a member of the body).

3

Proceedings in England and Wales or Northern Ireland for such an offence must be brought in the name of the body.

4

For the purposes of such proceedings—

a

any rules of court relating to the service of documents have effect as if the body were a body corporate, and

b

the following provisions apply as they apply in relation to a body corporate—

i

in England and Wales, section 33 of the Criminal Justice Act 1925 and Schedule 3 to the Magistrates' Courts Act 1980;

ii

in Northern Ireland, section 18 of the Criminal Justice Act (Northern Ireland) 1945 and Article 166 of, and Schedule 4 to, the Magistrates' Courts (Northern Ireland) Order 1981 (S.I. 1981/1675 (N.I.26)).

5

For the purposes of proceedings in Scotland for such an offence—

a

any rules of court relating to the service of documents have effect as if the body were a body corporate, and

b

in the case of proceedings on indictment, section 70 of the Criminal Procedure (Scotland) Act 1995 applies as it applies in relation to a body corporate.

6

Subsection (5)(b) does not apply so far as the amendments made to section 70 of the Act of 1995 by section 66 of the Criminal Justice and Licensing (Scotland) Act 2010 (proceedings on indictment against organisations) are in force instead.

Interpretation
39Meaning of “funds” and “economic resources”1

In this Part, “funds” means financial assets and benefits of every kind, including (but not limited to)—

a

cash, cheques, claims on money, drafts, money orders and other payment instruments;

b

deposits with relevant institutions or other persons, balances on accounts, debts and debt obligations;

c

publicly and privately traded securities and debt instruments, including stocks and shares, certificates representing securities, bonds, notes, warrants, debentures and derivative products;

d

interest, dividends and other income on or value accruing from or generated by assets;

e

credit, rights of set-off, guarantees, performance bonds and other financial commitments;

f

letters of credit, bills of lading and bills of sale;

g

documents providing evidence of an interest in funds or financial resources;

h

any other instrument of export financing.

2

In this Part, “economic resources” means assets of every kind, whether tangible or intangible, movable or immovable, which are not funds but can be used to obtain funds, goods or services.

40Meaning of “financial services”1

In this Part, “financial services” means any service of a financial nature, including (but not limited to)—

a

insurance-related services consisting of—

i

direct life assurance;

ii

direct insurance other than life assurance;

iii

reinsurance and retrocession;

iv

insurance intermediation, such as brokerage and agency;

v

services auxiliary to insurance, such as consultancy, actuarial, risk assessment and claim settlement services;

b

banking and other financial services consisting of—

i

accepting deposits and other repayable funds;

ii

lending (including consumer credit, mortgage credit, factoring and financing of commercial transactions);

iii

financial leasing;

iv

payment and money transmission services (including credit, charge and debit cards, travellers' cheques and bankers' drafts);

v

providing guarantees or commitments;

vi

financial trading (as defined in subsection (2) below);

vii

participating in issues of any kind of securities (including underwriting and placement as an agent, whether publicly or privately) and providing services related to such issues;

viii

money brokering;

ix

asset management, such as cash or portfolio management, all forms of collective investment management, pension fund management, custodial, depository and trust services;

x

settlement and clearing services for financial assets (including securities, derivative products and other negotiable instruments);

xi

providing or transferring financial information, and financial data processing or related software (but only by suppliers of other financial services);

xii

providing advisory and other auxiliary financial services in respect of any activity listed in sub-paragraphs (i) to (xi) (including credit reference and analysis, investment and portfolio research and advice, advice on acquisitions and on corporate restructuring and strategy).

2

In subsection (1)(b)(vi), “financial trading” means trading for own account or for account of customers, whether on an investment exchange, in an over-the- counter market or otherwise, in—

a

money market instruments (including cheques, bills and certificates of deposit);

b

foreign exchange;

c

derivative products (including futures and options);

d

exchange rate and interest rate instruments (including products such as swaps and forward rate agreements);

e

transferable securities;

f

other negotiable instruments and financial assets (including bullion).

41Meaning of “relevant institution”1

In this Part “relevant institution” means-

a

a person that has permission under Part 4 of the Financial Services and Markets Act 2000 (permission to carry on regulated activity);

b

an EEA firm of the kind mentioned in paragraph 5(b) of Schedule 3 to that Act that has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to accept deposits; or

c

an undertaking that by way of business—

i

operates a currency exchange office,

ii

transmits money (or any representation of monetary value) by any means, or

iii

cashes cheques that are made payable to customers.

2

The definition of “relevant institution” in subsection (1) must be read with section 22 of the Financial Services and Markets Act 2000, any relevant order under that section and Schedule 2 to that Act (classes of regulated activities and categories of investment).

42Interpretation: general1

In this Part—

designated person” has the meaning given by section 1;

document” includes information recorded in any form and, in relation to information recorded otherwise than in legible form, references to its production include producing a copy of the information in legible form;

economic resources” has the meaning given by section 39(2);

enactment” includes—

a

an enactment comprised in subordinate legislation (within the meaning of the Interpretation Act 1978);

b

an enactment comprised in, or in an instrument made under—

i

an Act of the Scottish Parliament;

ii

Northern Ireland legislation; or

iii

a Measure or Act of the National Assembly for Wales;

final designation” means a designation under section 2 (including any renewed such designation);

financial services” has the meaning given by section 40;

funds” has the meaning given by section 39(1);

interim designation” means a designation under section 6;

relevant institution” has the meaning given by section 41;

the relevant Security Council resolutions” has the meaning given by subsection (2) below.

2

For the purposes of this Part “the relevant Security Council resolutions” are—

a

resolution 1373 (2001) adopted by the Security Council of the United Nations on 28th September 2001, and

b

resolution 1452 (2002) adopted by the Security Council of the United Nations on 20th December 2002.

3

The Treasury may by order amend subsection (2) so as to add further relevant Security Council resolutions or remove any that are superseded.

4

Any such order must be made by statutory instrument subject to annulment in pursuance of a resolution of either House of Parliament.

Miscellaneous
43Service of notices1

This section applies in relation to any notice to be given to a person by the Treasury under this Part.

2

Any such notice may be given—

a

by posting it to the person's last known address, or

b

where the person is a body corporate, partnership or unincorporated body other than a partnership, by posting it to the registered or principal office of the body or partnership concerned.

3

Where the Treasury do not have an address for the person, they must make arrangements for the notice to be given to the person at the first available opportunity.

44Crown application1

This Part binds the Crown.

2

No contravention by the Crown of a provision of this Part makes the Crown criminally liable.

3

The High Court or, in Scotland, the Court of Session may, on the application of a person appearing to the court to have an interest, declare unlawful any act or omission of the Crown that constitutes a contravention of a provision of this Part.

4

Nothing in this section affects Her Majesty in her private capacity.

5

Subsection (4) is to be read as if section 38(3) of the Crown Proceedings Act 1947 (meaning of Her Majesty in her private capacity) were contained in this Part.

45Consequential amendments, repeals and revocations1

Part 1 of Schedule 1 (which contains amendments consequential on this Part) has effect.

2

Part 1 of Schedule 2 (which contains repeals and revocations consequential on this Part) has effect.

46Transitional provisions and savings1

The Terrorist Asset-Freezing (Temporary Provisions) Act 2010 ceases to have effect on the coming into force of this Part.

2

The repeal by this Part of the Act of 2010 does not affect the continued validity, lawfulness or effectualness of anything that—

a

was done or omitted by a person other than the Treasury in the period beginning with 4 February 2010 and ending with the coming into force of the Act of 2010, and

b

was valid, lawful or effectual by virtue of section 2 of that Act (protection of things done or omitted in interim period).

3

Subsection (2) is without prejudice to the operation of section 16 of the Interpretation Act 1978 (general savings) in relation to the repeal by this Part of the Act of 2010.

4

In its application to the repeal by this Part of section 1 of the Act of 2010 (temporary validity of certain Orders in Council), section 16(1) of the Act of 1978 has effect as if—

a

references to anything done, suffered, acquired, accrued or incurred under section 1 of the Act of 2010 included references to anything done, suffered, acquired, accrued or incurred under any Order deemed by that section to have been validly made,

b

the reference to any offence committed against that enactment were a reference to any offence committed against any such Order, and

c

at the end there were inserted “ and as if the enactment had not been due to cease to have effect on 31 December 2010 ”.

5

Anything done or omitted to be done by the Treasury under the Terrorism (United Nations Measures) Order 2009 (S.I. 2009/1747) is, if in force or effective immediately before the coming into force of this Part, to have effect as if done or omitted by the Treasury under any corresponding provision of this Part so far as that is required for continuing its effect on and after the coming into force of this Part.

6

In particular—

a

any direction made, licence granted, or request for information or documents, by the Treasury under the Order of 2009 that is in force immediately before the coming into force of this Part has effect, on or after the coming into force of this Part, as a final designation, a licence or (as the case may be) a request under any corresponding provision of this Part so far as that is required for continuing its effect on and after the coming into force of this Part, and

b

any information obtained by the Treasury under that Order (including any document so obtained and any copy or extract made of any document so obtained) is to be treated for the purposes of section 23 (general power to disclose information) as obtained by the Treasury under this Part.

7

Subsections (5) and (6) have effect despite the fact that (following the repeal of the Act of 2010) the Order concerned is not validly made under, or that any provision of it is not within the power conferred by, section 1 of the United Nations Act 1946.

8

Any final designation that has effect by virtue of subsections (5) and (6) ceases to have effect at the end of the period of three months after this Part comes into force unless renewed (or revoked) by the Treasury under this Part.

9

The references to offences under this Part in the new sub-paragraphs inserted by way of substitution by Part 1 of Schedule 1 are to be read as including references to any offences under—

a

article 7, 8 or 10 of the Terrorism (United Nations Measures) Order 2006 (S.I. 2006/2657), or

b

article 10, 11, 12, 13, 14 or 16 of the Order of 2009,

that were committed while the Act of 2010 was in force.

10

Without prejudice to the operation of section 16 of the Interpretation Act 1978, the repeal by this Part of section 64(1)(e) of the Counter-Terrorism Act 2008 (meaning of UN terrorism orders) does not affect—

a

any financial restrictions proceedings on an application made under section 63 of the Act of 2008 before the coming into force of this Part, or

b

any proceedings arising out of those proceedings.

47Power to repeal Part1

This section applies if the Security Council of the United Nations takes any decision that has the effect of terminating (permanently and without replacement) the operation of the relevant Security Council resolutions (in whole or in part).

2

The Treasury must lay before Parliament a draft order repealing this Part (in whole or in part) in accordance with the decision.

3

Any such order—

a

may contain such incidental, consequential, supplementary, transitional, transitory or saving provision as the Treasury consider appropriate (including provision amending or repealing any enactment, whether in this Part or elsewhere),

b

must be made by statutory instrument, and

c

is not to be made unless the draft is approved by a resolution of each House of Parliament.

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<notes source="#source">
<note class="commentary C" eId="key-76b467757a616e39b7c679274ddac967">
<p>
Pt. 1 extended (Isle of Man) (with modifications) (17.3.2011) by
<ref href="http://www.legislation.gov.uk/id/uksi/2011/749">The Terrorist Asset-Freezing etc. Act 2010 (Isle of Man) Order 2011 (S.I. 2011/749)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2011/749/article/1">arts. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2011/749/article/2">2</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2011/749/schedule">Schs.</ref>
</p>
</note>
<note class="commentary C" eId="key-13803316c38caa3220e7cb3ddb921eb1">
<p>
Pt. 1 extended (with modifications) (31.3.2011) by
<ref href="http://www.legislation.gov.uk/id/uksi/2011/750">The Terrorist Asset-Freezing etc. Act 2010 (Overseas Territories) Order 2011 (S.I. 2011/750)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2011/750/article/00/1">arts. 1</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2011/750/article/2">2</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2011/750/article/3">3</ref>
,
<rref from="http://www.legislation.gov.uk/id/uksi/2011/750/schedule/1" upTo="http://www.legislation.gov.uk/id/uksi/2011/750/schedule/3">Schs. 1-3 (as amended by S.I. 2013/534, reg. 1, Sch. para. 12(4))</rref>
</p>
</note>
<note class="commentary C" eId="key-7e4f83f11af283b9bffa1e0195ebccfb">
<p>
Pt. 1 extended (Guernsey) (with modifications) (8.4.2011, with effect in accordance with art. 4 of the commencing S.I.) by
<ref href="http://www.legislation.gov.uk/id/uksi/2011/1082">The Terrorist Asset-Freezing etc. Act 2010 (Guernsey) Order 2011 (S.I. 2011/1082)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2011/1082/article/1/2">arts. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2011/1082/article/3">3</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2011/1082/article/4">4</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2011/1082/schedule">Schs.</ref>
</p>
</note>
</notes>
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<num>
<noteRef href="#key-76b467757a616e39b7c679274ddac967" marker="C1" class="commentary C"/>
<noteRef href="#key-13803316c38caa3220e7cb3ddb921eb1" marker="C2" class="commentary C"/>
<noteRef href="#key-7e4f83f11af283b9bffa1e0195ebccfb" marker="C3" class="commentary C"/>
<strong>Part 1</strong>
</num>
<heading>Terrorist Asset-Freezing</heading>
<chapter eId="part-1-chapter-1" period="#period7">
<num>CHAPTER 1</num>
<heading>Designated persons</heading>
<hcontainer name="crossheading" eId="part-1-chapter-1-crossheading-introductory" period="#period7">
<heading>
<em>Introductory</em>
</heading>
<section eId="section-1" period="#period7">
<num>1</num>
<heading>Meaning of “designated person”</heading>
<intro>
<p>
In this Part “
<term refersTo="#term-designated-person">designated person</term>
” means—
</p>
</intro>
<paragraph eId="section-1-a">
<num>a</num>
<content>
<p>a person designated by the Treasury for the purposes of this Part, or</p>
</content>
</paragraph>
<paragraph eId="section-1-b">
<num>b</num>
<content>
<p>
a natural or legal person, group or entity included in the list provided for by Article 2(3) of Council Regulation
<ref href="http://www.legislation.gov.uk/european/regulation/2001/2580">
(
<abbr class="Acronym" title="European Community">EC</abbr>
) No 2580/2001
</ref>
of 27 December 2001 on specific restrictive measures directed against certain persons and entities with a view to combating terrorism.
</p>
</content>
</paragraph>
</section>
</hcontainer>
<hcontainer name="crossheading" eId="part-1-chapter-1-crossheading-final-designations" period="#period7">
<heading>
<em>Final designations</em>
</heading>
<section eId="section-2" period="#period7">
<num>2</num>
<heading>Treasury's power to make final designation</heading>
<subsection eId="section-2-1">
<num>1</num>
<intro>
<p>The Treasury may make a final designation of a person for the purposes of this Part if—</p>
</intro>
<paragraph eId="section-2-1-a">
<num>a</num>
<intro>
<p>they reasonably believe—</p>
</intro>
<subparagraph eId="section-2-1-a-i">
<num>i</num>
<content>
<p>that the person is or has been involved in terrorist activity,</p>
</content>
</subparagraph>
<subparagraph eId="section-2-1-a-ii">
<num>ii</num>
<content>
<p>that the person is owned or controlled directly or indirectly by a person within sub-paragraph (i), or</p>
</content>
</subparagraph>
<subparagraph eId="section-2-1-a-iii">
<num>iii</num>
<content>
<p>that the person is acting on behalf of or at the direction of a person within sub-paragraph (i), and</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="section-2-1-b">
<num>b</num>
<content>
<p>they consider that it is necessary for purposes connected with protecting members of the public from terrorism that financial restrictions should be applied in relation to the person.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-2-2">
<num>2</num>
<intro>
<p>For this purpose involvement in terrorist activity is any one or more of the following—</p>
</intro>
<paragraph eId="section-2-2-a">
<num>a</num>
<content>
<p>the commission, preparation or instigation of acts of terrorism;</p>
</content>
</paragraph>
<paragraph eId="section-2-2-b">
<num>b</num>
<content>
<p>conduct that facilitates the commission, preparation or instigation of such acts, or that is intended to do so;</p>
</content>
</paragraph>
<paragraph eId="section-2-2-c">
<num>c</num>
<content>
<p>conduct that gives support or assistance to persons who are known or believed by the person concerned to be involved in conduct falling within paragraph (a) or (b) of this subsection.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-2-3">
<num>3</num>
<content>
<p>It is immaterial whether the acts of terrorism in question are specific acts of terrorism or acts of terrorism generally.</p>
</content>
</subsection>
<subsection eId="section-2-4">
<num>4</num>
<content>
<p>In this section—</p>
<blockList class="unordered">
<item>
<p>
<term refersTo="#term-terrorism">terrorism</term>
” has the same meaning as in the Terrorism Act 2000 (see section 1(1) to (4) of that Act);
</p>
</item>
</blockList>
<p>and the reference in subsection (1)(b) above to financial restrictions includes a reference to restrictions relating to economic resources.</p>
</content>
</subsection>
</section>
<section eId="section-3" period="#period7">
<num>3</num>
<heading>Notification of final designation</heading>
<subsection eId="section-3-1">
<num>1</num>
<intro>
<p>Where the Treasury make a final designation of a person, they must—</p>
</intro>
<paragraph eId="section-3-1-a">
<num>a</num>
<content>
<p>give written notice of the designation to the designated person, and</p>
</content>
</paragraph>
<paragraph eId="section-3-1-b">
<num>b</num>
<content>
<p>take steps to publicise the designation.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-3-2">
<num>2</num>
<content>
<p>Unless one or more of the following conditions is met, the Treasury must take steps to publicise the designation generally.</p>
</content>
</subsection>
<subsection eId="section-3-3">
<num>3</num>
<intro>
<p>The conditions are that—</p>
</intro>
<paragraph eId="section-3-3-a">
<num>a</num>
<content>
<p>the Treasury believe that the designated person is an individual under the age of 18, or</p>
</content>
</paragraph>
<paragraph eId="section-3-3-b">
<num>b</num>
<intro>
<p>the Treasury consider that disclosure of the designation should be restricted—</p>
</intro>
<subparagraph eId="section-3-3-b-i">
<num>i</num>
<content>
<p>in the interests of national security,</p>
</content>
</subparagraph>
<subparagraph eId="section-3-3-b-ii">
<num>ii</num>
<content>
<p>for reasons connected with the prevention or detection of serious crime, or</p>
</content>
</subparagraph>
<subparagraph eId="section-3-3-b-iii">
<num>iii</num>
<content>
<p>in the interests of justice.</p>
</content>
</subparagraph>
</paragraph>
</subsection>
<subsection eId="section-3-4">
<num>4</num>
<content>
<p>If one or more of those conditions is met, the Treasury must inform only such persons as they consider appropriate.</p>
</content>
</subsection>
<subsection eId="section-3-5">
<num>5</num>
<intro>
<p>If that ceases to be the case, the Treasury must—</p>
</intro>
<paragraph eId="section-3-5-a">
<num>a</num>
<content>
<p>give written notice of that fact to the designated person, and</p>
</content>
</paragraph>
<paragraph eId="section-3-5-b">
<num>b</num>
<content>
<p>take steps to publicise the designation generally.</p>
</content>
</paragraph>
</subsection>
</section>
<section eId="section-4" period="#period7">
<num>4</num>
<heading>Duration of final designation</heading>
<subsection eId="section-4-1">
<num>1</num>
<content>
<p>A final designation expires at the end of the period of one year beginning with the date on which it was made, unless it is renewed.</p>
</content>
</subsection>
<subsection eId="section-4-2">
<num>2</num>
<content>
<p>The Treasury may renew a final designation at any time before it expires, if the requirements in section 2(1)(a) and (b) continue to be met.</p>
</content>
</subsection>
<subsection eId="section-4-3">
<num>3</num>
<content>
<p>A renewed final designation expires at the end of the period of one year beginning with the date on which it was renewed (or last renewed), unless it is renewed again.</p>
</content>
</subsection>
<subsection eId="section-4-4">
<num>4</num>
<content>
<p>The provisions of section 3 (notification of final designation) apply where a final designation is renewed (or further renewed) as in relation to the original making of a final designation.</p>
</content>
</subsection>
<subsection eId="section-4-5">
<num>5</num>
<intro>
<p>Where a final designation expires the Treasury must—</p>
</intro>
<paragraph eId="section-4-5-a">
<num>a</num>
<content>
<p>give written notice of that fact to the designated person, and</p>
</content>
</paragraph>
<paragraph eId="section-4-5-b">
<num>b</num>
<content>
<p>take reasonable steps to bring that fact to the attention of the persons informed of the designation.</p>
</content>
</paragraph>
</subsection>
</section>
<section eId="section-5" period="#period7">
<num>5</num>
<heading>Variation or revocation of final designation</heading>
<subsection eId="section-5-1">
<num>1</num>
<content>
<p>The Treasury may vary or revoke a final designation at any time.</p>
</content>
</subsection>
<subsection eId="section-5-2">
<num>2</num>
<intro>
<p>Where a final designation is varied or revoked the Treasury must—</p>
</intro>
<paragraph eId="section-5-2-a">
<num>a</num>
<content>
<p>give written notice of the variation or revocation to the designated person, and</p>
</content>
</paragraph>
<paragraph eId="section-5-2-b">
<num>b</num>
<content>
<p>take reasonable steps to bring the variation or revocation to the attention of the persons informed of the designation.</p>
</content>
</paragraph>
</subsection>
</section>
</hcontainer>
<hcontainer name="crossheading" eId="part-1-chapter-1-crossheading-interim-designations" period="#period7">
<heading>
<em>Interim designations</em>
</heading>
<section eId="section-6" period="#period7">
<num>6</num>
<heading>Treasury's power to make interim designation</heading>
<subsection eId="section-6-1">
<num>1</num>
<intro>
<p>The Treasury may make an interim designation of a person for the purposes of this Part if—</p>
</intro>
<paragraph eId="section-6-1-a">
<num>a</num>
<intro>
<p>they reasonably suspect—</p>
</intro>
<subparagraph eId="section-6-1-a-i">
<num>i</num>
<content>
<p>that the person is or has been involved in terrorist activity,</p>
</content>
</subparagraph>
<subparagraph eId="section-6-1-a-ii">
<num>ii</num>
<content>
<p>that the person is owned or controlled directly or indirectly by a person within sub-paragraph (i), or</p>
</content>
</subparagraph>
<subparagraph eId="section-6-1-a-iii">
<num>iii</num>
<content>
<p>that the person is acting on behalf of or at the direction of a person within sub-paragraph (i), and</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="section-6-1-b">
<num>b</num>
<content>
<p>they consider that it is necessary for purposes connected with protecting members of the public from terrorism that financial restrictions should be applied in relation to the person.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-6-2">
<num>2</num>
<content>
<p>Subsections (2) to (4) of section 2 (Treasury's power to make final designation: definitions) apply for the purposes of this section as they apply for the purposes of that section.</p>
</content>
</subsection>
<subsection eId="section-6-3">
<num>3</num>
<content>
<p>The Treasury may not make more than one interim designation of the same person in relation to the same, or substantially the same, evidence.</p>
</content>
</subsection>
</section>
<section eId="section-7" period="#period7">
<num>7</num>
<heading>Notification of interim designation</heading>
<subsection eId="section-7-1">
<num>1</num>
<intro>
<p>Where the Treasury make an interim designation of a person, they must—</p>
</intro>
<paragraph eId="section-7-1-a">
<num>a</num>
<content>
<p>give written notice of the designation to the designated person, and</p>
</content>
</paragraph>
<paragraph eId="section-7-1-b">
<num>b</num>
<content>
<p>take steps to publicise the designation.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-7-2">
<num>2</num>
<content>
<p>Unless one or more of the following conditions is met, the Treasury must take steps to publicise the designation generally.</p>
</content>
</subsection>
<subsection eId="section-7-3">
<num>3</num>
<intro>
<p>The conditions are that—</p>
</intro>
<paragraph eId="section-7-3-a">
<num>a</num>
<content>
<p>the Treasury believe that the designated person is an individual under the age of 18, or</p>
</content>
</paragraph>
<paragraph eId="section-7-3-b">
<num>b</num>
<intro>
<p>the Treasury consider that disclosure of the designation should be restricted—</p>
</intro>
<subparagraph eId="section-7-3-b-i">
<num>i</num>
<content>
<p>in the interests of national security,</p>
</content>
</subparagraph>
<subparagraph eId="section-7-3-b-ii">
<num>ii</num>
<content>
<p>for reasons connected with the prevention or detection of serious crime, or</p>
</content>
</subparagraph>
<subparagraph eId="section-7-3-b-iii">
<num>iii</num>
<content>
<p>in the interests of justice.</p>
</content>
</subparagraph>
</paragraph>
</subsection>
<subsection eId="section-7-4">
<num>4</num>
<content>
<p>If one or more of those conditions is met, the Treasury must inform only such persons as they consider appropriate.</p>
</content>
</subsection>
<subsection eId="section-7-5">
<num>5</num>
<intro>
<p>If that ceases to be the case, the Treasury must—</p>
</intro>
<paragraph eId="section-7-5-a">
<num>a</num>
<content>
<p>give written notice of that fact to the designated person, and</p>
</content>
</paragraph>
<paragraph eId="section-7-5-b">
<num>b</num>
<content>
<p>take steps to publicise the designation generally.</p>
</content>
</paragraph>
</subsection>
</section>
<section eId="section-8" period="#period7">
<num>8</num>
<heading>Duration of interim designation</heading>
<subsection eId="section-8-1">
<num>1</num>
<intro>
<p>An interim designation expires—</p>
</intro>
<paragraph eId="section-8-1-a">
<num>a</num>
<content>
<p>at the end of the period of 30 days beginning with the date on which it was made, or</p>
</content>
</paragraph>
<paragraph eId="section-8-1-b">
<num>b</num>
<content>
<p>on the making of a final designation in relation to the same person,</p>
</content>
</paragraph>
<wrapUp>
<p>whichever is the earlier.</p>
</wrapUp>
</subsection>
<subsection eId="section-8-2">
<num>2</num>
<intro>
<p>Where an interim designation expires the Treasury must—</p>
</intro>
<paragraph eId="section-8-2-a">
<num>a</num>
<content>
<p>give written notice of that fact to the designated person, and</p>
</content>
</paragraph>
<paragraph eId="section-8-2-b">
<num>b</num>
<content>
<p>take reasonable steps to bring that fact to the attention of the persons informed of the designation.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-8-3">
<num>3</num>
<intro>
<p>Where an interim designation expires on the making of a final designation in relation to the same person—</p>
</intro>
<paragraph eId="section-8-3-a">
<num>a</num>
<content>
<p>a notice under subsection (2) above may be combined with a notice under section 3(1)(a), and</p>
</content>
</paragraph>
<paragraph eId="section-8-3-b">
<num>b</num>
<content>
<p>steps under subsection (2) above may be combined with steps under section 3 to publicise the final designation.</p>
</content>
</paragraph>
</subsection>
</section>
<section eId="section-9" period="#period7">
<num>9</num>
<heading>Variation or revocation of interim designation</heading>
<subsection eId="section-9-1">
<num>1</num>
<content>
<p>The Treasury may vary or revoke an interim designation at any time.</p>
</content>
</subsection>
<subsection eId="section-9-2">
<num>2</num>
<intro>
<p>Where an interim designation is varied or revoked the Treasury must—</p>
</intro>
<paragraph eId="section-9-2-a">
<num>a</num>
<content>
<p>give written notice of the variation or revocation to the designated person, and</p>
</content>
</paragraph>
<paragraph eId="section-9-2-b">
<num>b</num>
<content>
<p>take reasonable steps to bring the variation or revocation to the attention of the persons informed of the designation.</p>
</content>
</paragraph>
</subsection>
</section>
</hcontainer>
<hcontainer name="crossheading" eId="part-1-chapter-1-crossheading-confidential-information" period="#period7">
<heading>
<em>Confidential information</em>
</heading>
<section eId="section-10" period="#period7">
<num>10</num>
<heading>Confidential information</heading>
<subsection eId="section-10-1">
<num>1</num>
<content>
<p>Where the Treasury in accordance with section 3(4) or 7(4) inform only certain persons of a designation, they may specify that information contained in it is to be treated as confidential.</p>
</content>
</subsection>
<subsection eId="section-10-2">
<num>2</num>
<intro>
<p>A person (“P”) who—</p>
</intro>
<paragraph eId="section-10-2-a">
<num>a</num>
<content>
<p>is provided with information that is to be treated as confidential in accordance with subsection (1), or</p>
</content>
</paragraph>
<paragraph eId="section-10-2-b">
<num>b</num>
<content>
<p>obtains such information,</p>
</content>
</paragraph>
<wrapUp>
<p>must not, subject to subsection (3), disclose it if P knows, or has reasonable cause to suspect, that the information is to be treated as confidential.</p>
</wrapUp>
</subsection>
<subsection eId="section-10-3">
<num>3</num>
<content>
<p>The prohibition in subsection (2) does not apply to any disclosure made by P with lawful authority.</p>
</content>
</subsection>
<subsection eId="section-10-4">
<num>4</num>
<intro>
<p>For this purpose information is disclosed with lawful authority only if and to the extent that—</p>
</intro>
<paragraph eId="section-10-4-a">
<num>a</num>
<content>
<p>the disclosure is by, or is authorised by, the Treasury,</p>
</content>
</paragraph>
<paragraph eId="section-10-4-b">
<num>b</num>
<content>
<p>the disclosure is by or with the consent of the designated person,</p>
</content>
</paragraph>
<paragraph eId="section-10-4-c">
<num>c</num>
<content>
<p>the disclosure is necessary to give effect to a requirement imposed under or by virtue of this Part or any other enactment, or</p>
</content>
</paragraph>
<paragraph eId="section-10-4-d">
<num>d</num>
<content>
<p>the disclosure is required, under rules of court, tribunal rules or a court or tribunal order, for the purposes of legal proceedings of any description.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-10-5">
<num>5</num>
<content>
<p>This section does not prevent the disclosure of information that is already, or has previously been, available to the public from other sources.</p>
</content>
</subsection>
<subsection eId="section-10-6">
<num>6</num>
<content>
<p>A person who contravenes the prohibition in subsection (2) commits an offence.</p>
</content>
</subsection>
<subsection eId="section-10-7">
<num>7</num>
<intro>
<p>The High Court (in Scotland, the Court of Session) may, on the application of—</p>
</intro>
<paragraph eId="section-10-7-a">
<num>a</num>
<content>
<p>the person who is the subject of the information, or</p>
</content>
</paragraph>
<paragraph eId="section-10-7-b">
<num>b</num>
<content>
<p>the Treasury,</p>
</content>
</paragraph>
<wrapUp>
<p>grant an injunction (in Scotland, an interdict) to prevent a breach of the prohibition in subsection (2).</p>
</wrapUp>
</subsection>
</section>
</hcontainer>
</chapter>
<chapter eId="part-1-chapter-2" period="#period7">
<num>CHAPTER 2</num>
<heading>Prohibitions in relation to designated persons</heading>
<hcontainer name="crossheading" eId="part-1-chapter-2-crossheading-prohibitions" period="#period7">
<heading>
<em>Prohibitions</em>
</heading>
<section eId="section-11" period="#period7">
<num>11</num>
<heading>Freezing of funds and economic resources</heading>
<subsection eId="section-11-1">
<num>1</num>
<content>
<p>A person (“P”) must not deal with funds or economic resources owned, held or controlled by a designated person if P knows, or has reasonable cause to suspect, that P is dealing with such funds or economic resources.</p>
</content>
</subsection>
<subsection eId="section-11-2">
<num>2</num>
<intro>
<p>
In subsection (1) “
<term refersTo="#term-deal-with">deal with</term>
” means—
</p>
</intro>
<paragraph eId="section-11-2-a">
<num>a</num>
<intro>
<p>in relation to funds—</p>
</intro>
<subparagraph eId="section-11-2-a-i">
<num>i</num>
<content>
<p>use, alter, move, allow access to or transfer,</p>
</content>
</subparagraph>
<subparagraph eId="section-11-2-a-ii">
<num>ii</num>
<content>
<p>deal with the funds in any other way that would result in any change in volume, amount, location, ownership, possession, character or destination, or</p>
</content>
</subparagraph>
<subparagraph eId="section-11-2-a-iii">
<num>iii</num>
<content>
<p>make any other change that would enable use, including portfolio management;</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="section-11-2-b">
<num>b</num>
<content>
<p>in relation to economic resources, exchange or use in exchange for funds, goods or services.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-11-3">
<num>3</num>
<content>
<p>Subsection (1) is subject to sections 16 and 17 (exceptions and licences).</p>
</content>
</subsection>
<subsection eId="section-11-4">
<num>4</num>
<content>
<p>A person who contravenes the prohibition in subsection (1) commits an offence.</p>
</content>
</subsection>
</section>
<section eId="section-12" period="#period7">
<num>12</num>
<heading>Making funds or financial services available to designated person</heading>
<subsection eId="section-12-1">
<num>1</num>
<content>
<p>A person (“P”) must not make funds or financial services available (directly or indirectly) to a designated person if P knows, or has reasonable cause to suspect, that P is making the funds or financial services so available.</p>
</content>
</subsection>
<subsection eId="section-12-2">
<num>2</num>
<content>
<p>Subsection (1) is subject to sections 16 and 17 (exceptions and licences).</p>
</content>
</subsection>
<subsection eId="section-12-3">
<num>3</num>
<content>
<p>A person who contravenes the prohibition in subsection (1) commits an offence.</p>
</content>
</subsection>
</section>
<section eId="section-13" period="#period7">
<num>13</num>
<heading>Making funds or financial services available for benefit of designated person</heading>
<subsection eId="section-13-1">
<num>1</num>
<content>
<p>A person (“P”) must not make funds or financial services available to any person for the benefit of a designated person if P knows, or has reasonable cause to suspect, that P is making the funds or financial services so available.</p>
</content>
</subsection>
<subsection eId="section-13-2">
<num>2</num>
<intro>
<p>For the purposes of this section—</p>
</intro>
<paragraph eId="section-13-2-a">
<num>a</num>
<content>
<p>funds are made available for the benefit of a designated person only if that person thereby obtains, or is able to obtain, a significant financial benefit, and</p>
</content>
</paragraph>
<paragraph eId="section-13-2-b">
<num>b</num>
<content>
<p>
<term refersTo="#term-financial-benefit">financial benefit</term>
” includes the discharge of a financial obligation for which the designated person is wholly or partly responsible.
</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-13-3">
<num>3</num>
<content>
<p>Subsection (1) is subject to sections 16 and 17 (exceptions and licences).</p>
</content>
</subsection>
<subsection eId="section-13-4">
<num>4</num>
<content>
<p>A person who contravenes the prohibition in subsection (1) commits an offence.</p>
</content>
</subsection>
</section>
<section eId="section-14" period="#period7">
<num>14</num>
<heading>Making economic resources available to designated person</heading>
<subsection eId="section-14-1">
<num>1</num>
<intro>
<p>A person (“P”) must not make economic resources available (directly or indirectly) to a designated person if P knows, or has reasonable cause to suspect—</p>
</intro>
<paragraph eId="section-14-1-a">
<num>a</num>
<content>
<p>that P is making the economic resources so available, and</p>
</content>
</paragraph>
<paragraph eId="section-14-1-b">
<num>b</num>
<content>
<p>that the designated person would be likely to exchange the economic resources, or use them in exchange, for funds, goods or services.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-14-2">
<num>2</num>
<content>
<p>Subsection (1) is subject to section 17 (licences).</p>
</content>
</subsection>
<subsection eId="section-14-3">
<num>3</num>
<content>
<p>A person who contravenes the prohibition in subsection (1) commits an offence.</p>
</content>
</subsection>
</section>
<section eId="section-15" period="#period7">
<num>15</num>
<heading>Making economic resources available for benefit of designated person</heading>
<subsection eId="section-15-1">
<num>1</num>
<content>
<p>A person (“P”) must not make economic resources available to any person for the benefit of a designated person if P knows, or has reasonable cause to suspect, that P is making the economic resources so available.</p>
</content>
</subsection>
<subsection eId="section-15-2">
<num>2</num>
<intro>
<p>For the purposes of this section—</p>
</intro>
<paragraph eId="section-15-2-a">
<num>a</num>
<content>
<p>economic resources are made available for the benefit of a designated person only if that person thereby obtains, or is able to obtain, a significant financial benefit, and</p>
</content>
</paragraph>
<paragraph eId="section-15-2-b">
<num>b</num>
<content>
<p>
<term refersTo="#term-financial-benefit">financial benefit</term>
” includes the discharge of a financial obligation for which the designated person is wholly or partly responsible.
</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-15-3">
<num>3</num>
<content>
<p>Subsection (1) is subject to section 17 (licences).</p>
</content>
</subsection>
<subsection eId="section-15-4">
<num>4</num>
<content>
<p>A person who contravenes the prohibition in subsection (1) commits an offence.</p>
</content>
</subsection>
</section>
</hcontainer>
<hcontainer name="crossheading" eId="part-1-chapter-2-crossheading-exceptions-and-licences" period="#period7">
<heading>
<em>Exceptions and licences</em>
</heading>
<section eId="section-16" period="#period7">
<num>16</num>
<heading>Exceptions</heading>
<subsection eId="section-16-1">
<num>1</num>
<intro>
<p>The prohibitions in sections 11 to 13 are not contravened by a relevant institution crediting a frozen account with—</p>
</intro>
<paragraph eId="section-16-1-a">
<num>a</num>
<content>
<p>interest or other earnings due on the account, or</p>
</content>
</paragraph>
<paragraph eId="section-16-1-b">
<num>b</num>
<content>
<p>payments due under contracts, agreements or obligations that were concluded or arose before the account became a frozen account.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-16-2">
<num>2</num>
<content>
<p>The prohibitions in sections 12 and 13 on making funds available do not prevent a relevant institution from crediting a frozen account where it receives funds transferred to the account.</p>
</content>
</subsection>
<subsection eId="section-16-3">
<num>3</num>
<intro>
<p>The prohibition in section 13 is not contravened by the making of a payment which—</p>
</intro>
<paragraph eId="section-16-3-a">
<num>a</num>
<content>
<p>is a benefit under or by virtue of an enactment relating to social security (irrespective of the name or nature of the benefit), and</p>
</content>
</paragraph>
<paragraph eId="section-16-3-b">
<num>b</num>
<content>
<p>is made to a person who is not a designated person,</p>
</content>
</paragraph>
<wrapUp>
<p>whether or not the payment is made in respect of a designated person.</p>
</wrapUp>
</subsection>
<subsection eId="section-16-4">
<num>4</num>
<content>
<p>A relevant institution must inform the Treasury without delay if it credits a frozen account in accordance with subsection (1)(b) or (2).</p>
</content>
</subsection>
<subsection eId="section-16-5">
<num>5</num>
<content>
<p>
In this section “
<term refersTo="#term-frozen-account">frozen account</term>
” means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person.
</p>
</content>
</subsection>
</section>
<section eId="section-17" period="#period7">
<num>17</num>
<heading>Licences</heading>
<subsection eId="section-17-1">
<num>1</num>
<content>
<p>The prohibitions in sections 11 to 15 do not apply to anything done under the authority of a licence granted by the Treasury.</p>
</content>
</subsection>
<subsection eId="section-17-2">
<num>2</num>
<content>
<p>
Where relevant such a licence also constitutes authorisation under Article 6 of Council Regulation
<ref href="http://www.legislation.gov.uk/european/regulation/2001/2580">
(
<abbr class="Acronym" title="European Community">EC</abbr>
) No 2580/2001
</ref>
of 27 December 2001 on specific restrictive measures directed against certain persons and entities with a view to combating terrorism.
</p>
</content>
</subsection>
<subsection eId="section-17-3">
<num>3</num>
<intro>
<p>A licence must specify the acts authorised by it and may be—</p>
</intro>
<paragraph eId="section-17-3-a">
<num>a</num>
<content>
<p>general or granted to a category of persons or to a particular person;</p>
</content>
</paragraph>
<paragraph eId="section-17-3-b">
<num>b</num>
<content>
<p>subject to conditions;</p>
</content>
</paragraph>
<paragraph eId="section-17-3-c">
<num>c</num>
<content>
<p>of indefinite duration or subject to an expiry date.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-17-4">
<num>4</num>
<content>
<p>The Treasury may vary or revoke a licence at any time.</p>
</content>
</subsection>
<subsection eId="section-17-5">
<num>5</num>
<intro>
<p>On the grant, variation or revocation of a licence, the Treasury must—</p>
</intro>
<paragraph eId="section-17-5-a">
<num>a</num>
<content>
<p>in the case of a licence granted to a particular person, give written notice of the grant, variation or revocation to that person;</p>
</content>
</paragraph>
<paragraph eId="section-17-5-b">
<num>b</num>
<content>
<p>in the case of a general licence or a licence granted to a category of persons, take such steps as the Treasury consider appropriate to publicise the grant, variation or revocation of the licence.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-17-6">
<num>6</num>
<intro>
<p>A person commits an offence who, for the purpose of obtaining a licence, knowingly or recklessly—</p>
</intro>
<paragraph eId="section-17-6-a">
<num>a</num>
<content>
<p>provides information that is false in a material respect, or</p>
</content>
</paragraph>
<paragraph eId="section-17-6-b">
<num>b</num>
<content>
<p>provides or produces a document that is not what it purports to be.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-17-7">
<num>7</num>
<content>
<p>A person who purports to act under the authority of a licence but who fails to comply with any conditions included in the licence commits an offence.</p>
</content>
</subsection>
</section>
</hcontainer>
<hcontainer name="crossheading" eId="part-1-chapter-2-crossheading-circumventing-prohibitions-etc" period="#period7">
<heading>
<em>
Circumventing prohibitions
<abbr title="et cetera" xml:lang="la">etc.</abbr>
</em>
</heading>
<section eId="section-18" period="#period7">
<num>18</num>
<heading>
Circumventing prohibitions
<abbr title="et cetera" xml:lang="la">etc.</abbr>
</heading>
<intro>
<p>A person commits an offence who intentionally participates in activities knowing that the object or effect of them is (whether directly or indirectly)—</p>
</intro>
<paragraph eId="section-18-a">
<num>a</num>
<content>
<p>to circumvent any of the prohibitions in sections 11 to 15, or</p>
</content>
</paragraph>
<paragraph eId="section-18-b">
<num>b</num>
<content>
<p>to enable or facilitate the contravention of any such prohibition.</p>
</content>
</paragraph>
</section>
</hcontainer>
</chapter>
<chapter eId="part-1-chapter-3" period="#period2">
<num>CHAPTER 3</num>
<heading>Information</heading>
<hcontainer name="crossheading" eId="part-1-chapter-3-crossheading-information-for-treasury" period="#period1">
<heading>
<em>Information for Treasury</em>
</heading>
<section eId="section-19" period="#period7">
<num>19</num>
<heading>Reporting obligations of relevant institutions</heading>
<subsection eId="section-19-1">
<num>1</num>
<intro>
<p>A relevant institution must inform the Treasury as soon as practicable if—</p>
</intro>
<paragraph eId="section-19-1-a">
<num>a</num>
<intro>
<p>it knows, or has reasonable cause to suspect, that a person—</p>
</intro>
<subparagraph eId="section-19-1-a-i">
<num>i</num>
<content>
<p>is a designated person, or</p>
</content>
</subparagraph>
<subparagraph eId="section-19-1-a-ii">
<num>ii</num>
<content>
<p>has committed an offence under any provision of Chapter 2 (prohibitions in relation to designated persons), and</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="section-19-1-b">
<num>b</num>
<content>
<p>the information or other matter on which the knowledge or suspicion is based came to it in the course of carrying on its business.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-19-2">
<num>2</num>
<intro>
<p>Where a relevant institution informs the Treasury under subsection (1), it must state—</p>
</intro>
<paragraph eId="section-19-2-a">
<num>a</num>
<content>
<p>the information or other matter on which the knowledge or suspicion is based, and</p>
</content>
</paragraph>
<paragraph eId="section-19-2-b">
<num>b</num>
<content>
<p>any information it holds about the person by which the person can be identified.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-19-3">
<num>3</num>
<intro>
<p>Subsection (4) applies if—</p>
</intro>
<paragraph eId="section-19-3-a">
<num>a</num>
<content>
<p>a relevant institution informs the Treasury under subsection (1) that it knows, or has reasonable cause to suspect, that a person is a designated person, and</p>
</content>
</paragraph>
<paragraph eId="section-19-3-b">
<num>b</num>
<content>
<p>that person is a customer of the institution.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-19-4">
<num>4</num>
<content>
<p>The relevant institution must also state the nature and amount or quantity of any funds or economic resources held by it for the customer at the time when it first had the knowledge or suspicion.</p>
</content>
</subsection>
<subsection eId="section-19-5">
<num>5</num>
<content>
<p>A relevant institution that fails to comply with any requirement of subsection (1), (2) or (4) commits an offence.</p>
</content>
</subsection>
</section>
<section eId="section-20" period="#period7">
<num>20</num>
<heading>Powers to request information</heading>
<subsection eId="section-20-1">
<num>1</num>
<intro>
<p>The Treasury may request a designated person to provide information concerning—</p>
</intro>
<paragraph eId="section-20-1-a">
<num>a</num>
<content>
<p>funds or economic resources owned, held or controlled by or on behalf of the designated person, or</p>
</content>
</paragraph>
<paragraph eId="section-20-1-b">
<num>b</num>
<content>
<p>any disposal of such funds or economic resources.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-20-2">
<num>2</num>
<intro>
<p>The Treasury may request a designated person to provide such information as the Treasury may reasonably require about expenditure—</p>
</intro>
<paragraph eId="section-20-2-a">
<num>a</num>
<content>
<p>by or on behalf of the designated person, or</p>
</content>
</paragraph>
<paragraph eId="section-20-2-b">
<num>b</num>
<content>
<p>for the benefit of the designated person.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-20-3">
<num>3</num>
<content>
<p>The power in subsection (1) or (2) is exercisable only where the Treasury believe that it is necessary for the purpose of monitoring compliance with or detecting evasion of this Part.</p>
</content>
</subsection>
<subsection eId="section-20-4">
<num>4</num>
<intro>
<p>The Treasury may request a person acting under a licence granted under section 17 to provide information concerning—</p>
</intro>
<paragraph eId="section-20-4-a">
<num>a</num>
<content>
<p>funds or economic resources dealt with under the licence, or</p>
</content>
</paragraph>
<paragraph eId="section-20-4-b">
<num>b</num>
<content>
<p>funds, economic resources or financial services made available under the licence.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-20-5">
<num>5</num>
<intro>
<p>The Treasury may request any person in or resident in the United Kingdom to provide such information as the Treasury may reasonably require for the purpose of—</p>
</intro>
<paragraph eId="section-20-5-a">
<num>a</num>
<intro>
<p>establishing for the purposes of this Part—</p>
</intro>
<subparagraph eId="section-20-5-a-i">
<num>i</num>
<content>
<p>the nature and amount or quantity of any funds or economic resources owned, held or controlled by or on behalf of a designated person,</p>
</content>
</subparagraph>
<subparagraph eId="section-20-5-a-ii">
<num>ii</num>
<content>
<p>the nature and amount or quantity of any funds, economic resources or financial services made available directly or indirectly to, or for the benefit of, a designated person, or</p>
</content>
</subparagraph>
<subparagraph eId="section-20-5-a-iii">
<num>iii</num>
<content>
<p>the nature of any financial transactions entered into by a designated person,</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="section-20-5-b">
<num>b</num>
<content>
<p>monitoring compliance with or detecting evasion of this Part, or</p>
</content>
</paragraph>
<paragraph eId="section-20-5-c">
<num>c</num>
<content>
<p>obtaining evidence of the commission of an offence under this Part.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-20-6">
<num>6</num>
<content>
<p>The Treasury may specify the manner in which, and the period within which, information is to be provided.</p>
</content>
</subsection>
<subsection eId="section-20-7">
<num>7</num>
<content>
<p>If no such period is specified, the information which has been requested must be provided within a reasonable time.</p>
</content>
</subsection>
<subsection eId="section-20-8">
<num>8</num>
<content>
<p>A request may include a continuing obligation to keep the Treasury informed as circumstances change, or on such regular basis as the Treasury may specify.</p>
</content>
</subsection>
<subsection eId="section-20-9">
<num>9</num>
<content>
<p>Information requested under this section may relate to any period of time during which a person is, or was, a designated person.</p>
</content>
</subsection>
<subsection eId="section-20-10">
<num>10</num>
<content>
<p>Information requested under subsection (1)(b), (2) or (5)(a)(iii) may relate to any period of time before a person became a designated person (as well as, or instead of, any subsequent period of time).</p>
</content>
</subsection>
</section>
<section eId="section-21" period="#period7">
<num>21</num>
<heading>Production of documents</heading>
<subsection eId="section-21-1">
<num>1</num>
<content>
<p>A request under section 20 may include a request to produce specified documents or documents of a specified description.</p>
</content>
</subsection>
<subsection eId="section-21-2">
<num>2</num>
<intro>
<p>Where the Treasury request that documents be produced, they may—</p>
</intro>
<paragraph eId="section-21-2-a">
<num>a</num>
<content>
<p>take copies of or extracts from any document so produced,</p>
</content>
</paragraph>
<paragraph eId="section-21-2-b">
<num>b</num>
<content>
<p>request any person producing a document to give an explanation of it, and</p>
</content>
</paragraph>
<paragraph eId="section-21-2-c">
<num>c</num>
<intro>
<p>where that person is a body corporate, partnership or unincorporated body other than a partnership, request any person who is—</p>
</intro>
<subparagraph eId="section-21-2-c-i">
<num>i</num>
<content>
<p>in the case of a partnership, a present or past partner or employee of the partnership,</p>
</content>
</subparagraph>
<subparagraph eId="section-21-2-c-ii">
<num>ii</num>
<content>
<p>in any other case, a present or past officer or employee of the body concerned,</p>
</content>
</subparagraph>
<wrapUp>
<p>to give such an explanation.</p>
</wrapUp>
</paragraph>
</subsection>
<subsection eId="section-21-3">
<num>3</num>
<intro>
<p>Where the Treasury request a designated person or a person acting under a licence granted under section 17 to produce documents, that person must—</p>
</intro>
<paragraph eId="section-21-3-a">
<num>a</num>
<content>
<p>take reasonable steps to obtain the documents (if not already in the person's possession or control);</p>
</content>
</paragraph>
<paragraph eId="section-21-3-b">
<num>b</num>
<content>
<p>keep the documents under the person's possession or control (except for the purpose of providing them to the Treasury or as the Treasury may otherwise permit).</p>
</content>
</paragraph>
</subsection>
</section>
<section eId="section-22" period="#period7">
<num>22</num>
<heading>Failure to comply with request for information</heading>
<subsection eId="section-22-1">
<num>1</num>
<intro>
<p>A person commits an offence who—</p>
</intro>
<paragraph eId="section-22-1-a">
<num>a</num>
<content>
<p>without reasonable excuse refuses or fails within the time and in the manner specified (or, if no time has been specified, within a reasonable time) to comply with any request made under this Chapter,</p>
</content>
</paragraph>
<paragraph eId="section-22-1-b">
<num>b</num>
<content>
<p>knowingly or recklessly gives any information, or produces any document, which is false in a material particular in response to such a request,</p>
</content>
</paragraph>
<paragraph eId="section-22-1-c">
<num>c</num>
<content>
<p>with intent to evade the provisions of this Chapter, destroys, mutilates, defaces, conceals or removes any document, or</p>
</content>
</paragraph>
<paragraph eId="section-22-1-d">
<num>d</num>
<content>
<p>otherwise intentionally obstructs the Treasury in the exercise of their powers under this Chapter.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-22-2">
<num>2</num>
<content>
<p>Where a person is convicted of an offence under this section, the court may make an order requiring that person, within such period as may be specified in the order, to comply with the request.</p>
</content>
</subsection>
</section>
</hcontainer>
<hcontainer name="crossheading" eId="part-1-chapter-3-crossheading-disclosure-of-information-by-treasury" period="#period2">
<heading>
<em>Disclosure of information by Treasury</em>
</heading>
<section eId="section-23" period="#period2">
<num>23</num>
<heading>General power to disclose information</heading>
<subsection eId="section-23-1">
<num>1</num>
<intro>
<p>The Treasury may disclose any information obtained by them in exercise of their powers under this Part (including any document so obtained and any copy or extract made of any document so obtained)—</p>
</intro>
<paragraph eId="section-23-1-a">
<num>a</num>
<content>
<p>to a police officer;</p>
</content>
</paragraph>
<paragraph eId="section-23-1-b">
<num>b</num>
<intro>
<p>to any person holding or acting in any office under or in the service of—</p>
</intro>
<subparagraph eId="section-23-1-b-i">
<num>i</num>
<content>
<p>the Crown in right of the Government of the United Kingdom,</p>
</content>
</subparagraph>
<subparagraph eId="section-23-1-b-ii">
<num>ii</num>
<content>
<p>the Crown in right of the Scottish Administration, the Northern Ireland Administration or the Welsh Assembly Government,</p>
</content>
</subparagraph>
<subparagraph eId="section-23-1-b-iii">
<num>iii</num>
<content>
<p>the States of Jersey, Guernsey or Alderney or the Chief Pleas of Sark,</p>
</content>
</subparagraph>
<subparagraph eId="section-23-1-b-iv">
<num>iv</num>
<content>
<p>the Government of the Isle of Man, or</p>
</content>
</subparagraph>
<subparagraph eId="section-23-1-b-v">
<num>v</num>
<content>
<p>the Government of any British overseas territory;</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="section-23-1-c">
<num>c</num>
<content>
<p>to any law officer of the Crown for Jersey, Guernsey or the Isle of Man;</p>
</content>
</paragraph>
<paragraph eId="section-23-1-d">
<num>d</num>
<content>
<p>to the Legal Services Commission, the Scottish Legal Aid Board or the Northern Ireland Legal Services Commission;</p>
</content>
</paragraph>
<paragraph eId="section-23-1-e">
<num>e</num>
<content>
<p>to the Financial Services Authority, the Jersey Financial Services Commission, the Guernsey Financial Services Commission, the Isle of Man Insurance and Pensions Authority and the Isle of Man Financial Supervision Commission;</p>
</content>
</paragraph>
<paragraph eId="section-23-1-f">
<num>f</num>
<intro>
<p>for the purpose of giving assistance or co-operation, pursuant to the relevant Security Council resolutions, to—</p>
</intro>
<subparagraph eId="section-23-1-f-i">
<num>i</num>
<content>
<p>any organ of the United Nations, or</p>
</content>
</subparagraph>
<subparagraph eId="section-23-1-f-ii">
<num>ii</num>
<content>
<p>any person in the service of the United Nations, the Council of the European Union, the European Commission or the Government of any country;</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="section-23-1-g">
<num>g</num>
<intro>
<p>with a view to instituting, or otherwise for the purposes of, any proceedings—</p>
</intro>
<subparagraph eId="section-23-1-g-i">
<num>i</num>
<content>
<p>in the United Kingdom, for an offence under this Part, or</p>
</content>
</subparagraph>
<subparagraph eId="section-23-1-g-ii">
<num>ii</num>
<content>
<p>in any of the Channel Islands, the Isle of Man or any British overseas territory, for an offence under a similar provision in any such jurisdiction; or</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="section-23-1-h">
<num>h</num>
<content>
<p>with the consent of a person who, in their own right, is entitled to the information or to possession of the document, copy or extract, to any third party.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-23-2">
<num>2</num>
<content>
<p>
In subsection (1)(h) “
<term refersTo="#term-in-their-own-right">in their own right</term>
” means not merely in the capacity as a servant or agent of another person.
</p>
</content>
</subsection>
</section>
</hcontainer>
<hcontainer name="crossheading" eId="part-1-chapter-3-crossheading-other" period="#period4">
<heading>
<em>Other</em>
</heading>
<section eId="section-24" period="#period7">
<num>24</num>
<heading>
Co-operation with
<abbr class="Acronym" title="United Kingdom">UK</abbr>
or international investigations
</heading>
<content>
<p>The Treasury must take such steps as they consider appropriate to co-operate with any investigation, in the United Kingdom or elsewhere, relating to the funds, economic resources or financial transactions of a designated person.</p>
</content>
</section>
<section eId="section-25" period="#period4">
<num>25</num>
<heading>Application of provisions</heading>
<subsection eId="section-25-1">
<num>1</num>
<content>
<p>Nothing done under this Chapter is to be treated as a breach of any restriction imposed by statute or otherwise.</p>
</content>
</subsection>
<subsection eId="section-25-2">
<num>2</num>
<intro>
<p>But nothing in this Chapter authorises a disclosure that—</p>
</intro>
<paragraph eId="section-25-2-a">
<num>a</num>
<content>
<p>contravenes the Data Protection Act 1998, or</p>
</content>
</paragraph>
<paragraph eId="section-25-2-b">
<num>b</num>
<content>
<p>is prohibited by Part 1 of the Regulation of Investigatory Powers Act 2000.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-25-3">
<num>3</num>
<content>
<p>Nothing in this Chapter is to be read as requiring a person who has acted as counsel or solicitor for any person to disclose any privileged information in their possession in that capacity.</p>
</content>
</subsection>
<subsection eId="section-25-4">
<num>4</num>
<content>
<p>This Chapter does not limit the circumstances in which information may be disclosed apart from this Chapter.</p>
</content>
</subsection>
<subsection eId="section-25-5">
<num>5</num>
<content>
<p>This Chapter does not limit the powers of the Treasury to impose conditions in connection with the discharge of their functions under section 17 (licences).</p>
</content>
</subsection>
<subsection eId="section-25-6">
<num>6</num>
<content>
<p>In this section—</p>
<blockList class="unordered">
<item>
<p>
<term refersTo="#term-information">information</term>
” includes documents;
</p>
</item>
<item>
<p>
<term refersTo="#term-privileged-information">privileged information</term>
” means information with respect to which a claim to legal professional privilege (in Scotland, to confidentiality of communications) could be maintained in legal proceedings.
</p>
</item>
</blockList>
</content>
</subsection>
</section>
</hcontainer>
</chapter>
<chapter eId="part-1-chapter-4" period="#period2">
<num>CHAPTER 4</num>
<heading>Supplementary provisions</heading>
<hcontainer name="crossheading" eId="part-1-chapter-4-crossheading-supervision-of-exercise-of-powers" period="#period3">
<heading>
<em>Supervision of exercise of powers</em>
</heading>
<section eId="section-26" period="#period7">
<num>26</num>
<heading>Appeal to the court in relation to designations</heading>
<subsection eId="section-26-1">
<num>1</num>
<intro>
<p>This section applies to any decision of the Treasury—</p>
</intro>
<paragraph eId="section-26-1-a">
<num>a</num>
<content>
<p>to make or vary an interim or final designation of a person,</p>
</content>
</paragraph>
<paragraph eId="section-26-1-b">
<num>b</num>
<content>
<p>to renew a final designation of a person, or</p>
</content>
</paragraph>
<paragraph eId="section-26-1-c">
<num>c</num>
<content>
<p>not to vary or revoke an interim or final designation of a person.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-26-2">
<num>2</num>
<content>
<p>The designated person concerned may appeal against any such decision to the High Court or, in Scotland, the Court of Session.</p>
</content>
</subsection>
<subsection eId="section-26-3">
<num>3</num>
<content>
<p>On such an appeal, the court may make such order as it considers appropriate.</p>
</content>
</subsection>
<subsection eId="section-26-4">
<num>4</num>
<content>
<p>The making of an appeal under this section does not suspend the effect of the decision to which the appeal relates.</p>
</content>
</subsection>
</section>
<section eId="section-27" period="#period7">
<num>27</num>
<heading>Review of other decisions by the court</heading>
<subsection eId="section-27-1">
<num>1</num>
<content>
<p>This section applies to any decision of the Treasury in connection with their functions under this Part other than a decision to which section 26 applies (appeal to the court in relation to designations).</p>
</content>
</subsection>
<subsection eId="section-27-2">
<num>2</num>
<content>
<p>Any person affected by a decision to which this section applies may apply to the High Court or, in Scotland, the Court of Session, for the decision to be set aside.</p>
</content>
</subsection>
<subsection eId="section-27-3">
<num>3</num>
<content>
<p>In determining whether the decision should be set aside, the court must apply the principles applicable on an application for judicial review.</p>
</content>
</subsection>
<subsection eId="section-27-4">
<num>4</num>
<content>
<p>If the court decides that a decision should be set aside it may make any such order, or give any such relief, as may be made or given in proceedings for judicial review.</p>
</content>
</subsection>
</section>
<section eId="section-28" period="#period5">
<num>28</num>
<heading>Appeals and reviews: supplementary</heading>
<subsection eId="section-28-1">
<num>1</num>
<content>
<p>In paragraph 2 of Schedule 1 to the Senior Courts Act 1981 (business allocated to the Queen's Bench Division), after paragraph (bb) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="unknown unknown schedule default" startQuote="" endQuote="">
<paragraph eId="d4e1833">
<num>bc</num>
<intro>
<p>all proceedings—</p>
</intro>
<subparagraph eId="d4e1839">
<num>i</num>
<content>
<p>
on an appeal under section 26, or an application under section 27, of the Terrorist Asset-Freezing
<abbr title="et cetera" xml:lang="la">etc.</abbr>
Act 2010 (appeals and reviews by the court), or
</p>
</content>
</subparagraph>
<subparagraph eId="d4e1848">
<num>ii</num>
<content>
<p>on a claim arising from any matter to which such an appeal or application relates;</p>
</content>
</subparagraph>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subsection>
<subsection eId="section-28-2">
<num>2</num>
<content>
<p>In section 18(1) of the Regulation of Investigatory Powers Act 2000 (exceptions to exclusion of intercept evidence), after paragraph (db) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary regulation main default" startQuote="" endQuote="">
<paragraph eId="d4e1863">
<num>dc</num>
<intro>
<p>any proceedings—</p>
</intro>
<subparagraph eId="d4e1869">
<num>i</num>
<content>
<p>
on an appeal under section 26, or an application under section 27, of the Terrorist Asset-Freezing
<abbr title="et cetera" xml:lang="la">etc.</abbr>
Act 2010 (appeals and reviews by the court), or
</p>
</content>
</subparagraph>
<subparagraph eId="d4e1878">
<num>ii</num>
<content>
<p>on a claim arising from any matter to which such an appeal or application relates,</p>
</content>
</subparagraph>
<wrapUp>
<p>or any proceedings arising out of such proceedings;</p>
</wrapUp>
</paragraph>
</quotedStructure>
</mod>
<inline name="AppendText">.</inline>
</p>
</content>
</subsection>
<subsection eId="section-28-3">
<num>3</num>
<content>
<p>
In section 18(2)(zb) of that Act (persons to whom disclosure not to be made) after “paragraph (db)” insert
<mod>
<quotedText>“ or (dc) ”</quotedText>
</mod>
.
</p>
</content>
</subsection>
<subsection eId="section-28-4">
<num>4</num>
<intro>
<p>The provisions of sections 66 to 68 of the Counter-Terrorism Act 2008 (supplementary provisions relating to rules of court and special advocates) apply in relation to proceedings—</p>
</intro>
<paragraph eId="section-28-4-a">
<num>a</num>
<content>
<p>on an appeal under section 26 or an application under section 27 (appeals and reviews by the court), or</p>
</content>
</paragraph>
<paragraph eId="section-28-4-b">
<num>b</num>
<content>
<p>on a claim arising from any matter to which such an appeal or application relates,</p>
</content>
</paragraph>
<wrapUp>
<p>as they apply in relation to financial restrictions proceedings within the meaning of section 65 of that Act.</p>
</wrapUp>
</subsection>
</section>
<section eId="section-29" period="#period7">
<num>29</num>
<heading>Initial exercise of powers to make rules of court</heading>
<subsection eId="section-29-1">
<num>1</num>
<intro>
<p>The first time after the passing of this Act that rules of court are made in exercise of the powers conferred by section 28(4) in relation to proceedings in England and Wales—</p>
</intro>
<paragraph eId="section-29-1-a">
<num>a</num>
<content>
<p>on an appeal under section 26, or</p>
</content>
</paragraph>
<paragraph eId="section-29-1-b">
<num>b</num>
<content>
<p>on a claim arising from any matter to which such an appeal relates,</p>
</content>
</paragraph>
<wrapUp>
<p>those rules (together with any related rules of court) may be made by the Lord Chancellor instead of by the person who would otherwise make them.</p>
</wrapUp>
</subsection>
<subsection eId="section-29-2">
<num>2</num>
<intro>
<p>The first time after the passing of this Act that rules of court are made in exercise of the powers conferred by section 28(4) in relation to proceedings in Northern Ireland—</p>
</intro>
<paragraph eId="section-29-2-a">
<num>a</num>
<content>
<p>on an appeal under section 26, or</p>
</content>
</paragraph>
<paragraph eId="section-29-2-b">
<num>b</num>
<content>
<p>on a claim arising from any matter to which such an appeal relates,</p>
</content>
</paragraph>
<wrapUp>
<p>those rules (together with any related rules of court) may be made by the Lord Chancellor instead of by the person who would otherwise make them.</p>
</wrapUp>
</subsection>
<subsection eId="section-29-3">
<num>3</num>
<intro>
<p>Before making rules of court under this section, the Lord Chancellor must consult—</p>
</intro>
<paragraph eId="section-29-3-a">
<num>a</num>
<content>
<p>in relation to rules applicable to proceedings in England and Wales, the Lord Chief Justice of England and Wales;</p>
</content>
</paragraph>
<paragraph eId="section-29-3-b">
<num>b</num>
<content>
<p>in relation to rules applicable to proceedings in Northern Ireland, the Lord Chief Justice of Northern Ireland.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-29-4">
<num>4</num>
<content>
<p>The Lord Chancellor is not required to undertake any other consultation before making the rules.</p>
</content>
</subsection>
<subsection eId="section-29-5">
<num>5</num>
<content>
<p>The requirements of subsection (3)(a) and (b) may be satisfied by consultation that took place wholly or partly before the passing of this Act.</p>
</content>
</subsection>
<subsection eId="section-29-6">
<num>6</num>
<intro>
<p>Rules of court made by the Lord Chancellor under this section—</p>
</intro>
<paragraph eId="section-29-6-a">
<num>a</num>
<content>
<p>must be laid before Parliament, and</p>
</content>
</paragraph>
<paragraph eId="section-29-6-b">
<num>b</num>
<content>
<p>if not approved by a resolution of each House before the end of 40 days beginning with the day on which they were made, cease to have effect at the end of that period.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-29-7">
<num>7</num>
<content>
<p>In reckoning the period of 40 days no account is to be taken of any time during which Parliament is dissolved or prorogued or during which both Houses are adjourned for more than four days.</p>
</content>
</subsection>
<subsection eId="section-29-8">
<num>8</num>
<intro>
<p>If rules cease to have effect in accordance with subsection (6)(b)—</p>
</intro>
<paragraph eId="section-29-8-a">
<num>a</num>
<content>
<p>that does not affect anything previously done in reliance on the rules, and</p>
</content>
</paragraph>
<paragraph eId="section-29-8-b">
<num>b</num>
<content>
<p>subsection (1) or (as the case may be) (2) applies as if the rules had not been made.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-29-9">
<num>9</num>
<intro>
<p>The following provisions do not apply to rules of court made by the Lord Chancellor under this section—</p>
</intro>
<paragraph eId="section-29-9-a">
<num>a</num>
<content>
<p>section 3(6) of the Civil Procedure Act 1997 (Parliamentary procedure for civil procedure rules);</p>
</content>
</paragraph>
<paragraph eId="section-29-9-b">
<num>b</num>
<content>
<p>section 56(1), (2) and (4) of the Judicature (Northern Ireland) Act 1978 (statutory rules procedure).</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-29-10">
<num>10</num>
<content>
<p>But section 4(1) of the Statutory Instruments Act 1946 (statutory instruments which are required to be laid before Parliament) applies to any such rules applicable to proceedings in Northern Ireland as it applies to a statutory instrument which is required to be laid before Parliament after being made.</p>
</content>
</subsection>
<subsection eId="section-29-11">
<num>11</num>
<content>
<p>
Until section 85 of the Courts Act 2003 (process for making civil procedure rules) comes into force, in subsection (9)(a) above, for “section 3(6)” substitute
<mod>
<quotedText>“ section 3(2) ”</quotedText>
</mod>
.
</p>
</content>
</subsection>
<subsection eId="section-29-12">
<num>12</num>
<content>
<p>In this section—</p>
<blockList class="unordered">
<item>
<p>
<term refersTo="#term-related-rules-of-court">related rules of court</term>
” means rules of court that—
</p>
<blockList class="ordered">
<item>
<num>a</num>
<p>are contained in the same instrument as the rules mentioned in subsection (1) or (as the case may be) (2), and</p>
</item>
<item>
<num>b</num>
<p>relate specifically to the same kind of proceedings as those rules,</p>
</item>
</blockList>
</item>
<item>
<p>
<term refersTo="#term-rules-of-court">rules of court</term>
” means rules for regulating the practice and procedure to be followed in the High Court or the Court of Appeal.
</p>
</item>
</blockList>
</content>
</subsection>
</section>
<section eId="section-30" period="#period7">
<num>30</num>
<heading>Treasury report on operation of Part 1</heading>
<subsection eId="section-30-1">
<num>1</num>
<intro>
<p>As soon as reasonably practicable after the end of each reporting period, the Treasury must—</p>
</intro>
<paragraph eId="section-30-1-a">
<num>a</num>
<content>
<p>prepare a report about the exercise during that period of the powers conferred on them by this Part, and</p>
</content>
</paragraph>
<paragraph eId="section-30-1-b">
<num>b</num>
<content>
<p>lay a copy of the report before Parliament.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-30-2">
<num>2</num>
<intro>
<p>The reporting periods are—</p>
</intro>
<paragraph eId="section-30-2-a">
<num>a</num>
<content>
<p>the period beginning when this Part comes into force and ending with the next 31 March, and</p>
</content>
</paragraph>
<paragraph eId="section-30-2-b">
<num>b</num>
<content>
<p>each succeeding period of three months.</p>
</content>
</paragraph>
</subsection>
</section>
<section eId="section-31" period="#period3">
<num>31</num>
<heading>Independent review of operation of Part 1</heading>
<subsection eId="section-31-1">
<num>1</num>
<content>
<p>The Treasury must appoint a person to review the operation of this Part.</p>
</content>
</subsection>
<subsection eId="section-31-2">
<num>2</num>
<intro>
<p>The person appointed under subsection (1) must carry out a review of the operation of this Part as soon as reasonably practicable after the end of—</p>
</intro>
<paragraph eId="section-31-2-a">
<num>a</num>
<content>
<p>the period of nine months beginning when this Part comes into force, and</p>
</content>
</paragraph>
<paragraph eId="section-31-2-b">
<num>b</num>
<content>
<p>every subsequent twelve month period.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-31-3">
<num>3</num>
<content>
<p>The person who conducts a review under this section must send the Treasury a report on its outcome as soon as reasonably practicable after completing the review.</p>
</content>
</subsection>
<subsection eId="section-31-4">
<num>4</num>
<content>
<p>On receiving a report under this section, the Treasury must lay a copy of it before Parliament.</p>
</content>
</subsection>
<subsection eId="section-31-5">
<num>5</num>
<content>
<p>The Treasury may pay the expenses of a person who conducts a review under this section and also such allowances as the Treasury determine.</p>
</content>
</subsection>
</section>
</hcontainer>
<hcontainer name="crossheading" eId="part-1-chapter-4-crossheading-offences" period="#period6">
<heading>
<em>Offences</em>
</heading>
<section eId="section-32" period="#period6">
<num>32</num>
<heading>Penalties</heading>
<subsection eId="section-32-1">
<num>1</num>
<intro>
<p>A person guilty of an offence under section 11, 12, 13, 14, 15 or 18 is liable—</p>
</intro>
<paragraph eId="section-32-1-a">
<num>a</num>
<content>
<p>on conviction on indictment, to imprisonment for a term not exceeding seven years or to a fine or to both;</p>
</content>
</paragraph>
<paragraph eId="section-32-1-b">
<num>b</num>
<content>
<p>on summary conviction, to imprisonment for a term not exceeding the relevant maximum or to a fine not exceeding the statutory maximum or to both.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-32-2">
<num>2</num>
<intro>
<p>A person guilty of an offence under section 10 or 17 is liable—</p>
</intro>
<paragraph eId="section-32-2-a">
<num>a</num>
<content>
<p>on conviction on indictment, to imprisonment for a term not exceeding two years or to a fine or to both;</p>
</content>
</paragraph>
<paragraph eId="section-32-2-b">
<num>b</num>
<content>
<p>on summary conviction, to imprisonment for a term not exceeding the relevant maximum or to a fine not exceeding the statutory maximum or to both.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-32-3">
<num>3</num>
<intro>
<p>For the purposes of subsections (1)(b) and (2)(b) “the relevant maximum” is—</p>
</intro>
<paragraph eId="section-32-3-a">
<num>a</num>
<content>
<p>in England and Wales, 12 months (or 6 months, if the offence was committed before the commencement of section 154(1) of the Criminal Justice Act 2003);</p>
</content>
</paragraph>
<paragraph eId="section-32-3-b">
<num>b</num>
<content>
<p>in Scotland, 12 months;</p>
</content>
</paragraph>
<paragraph eId="section-32-3-c">
<num>c</num>
<content>
<p>in Northern Ireland, 6 months.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-32-4">
<num>4</num>
<content>
<p>A person guilty of an offence under section 19(5) or 22 is liable on summary conviction to imprisonment for a term not exceeding the relevant maximum or to a fine not exceeding level 5 on the standard scale or to both.</p>
</content>
</subsection>
<subsection eId="section-32-5">
<num>5</num>
<intro>
<p>For the purposes of subsection (4) “the relevant maximum” is—</p>
</intro>
<paragraph eId="section-32-5-a">
<num>a</num>
<content>
<p>in England and Wales, 51 weeks (or 6 months, if the offence was committed before the commencement of section 281(4) and (5) of the Criminal Justice Act 2003);</p>
</content>
</paragraph>
<paragraph eId="section-32-5-b">
<num>b</num>
<content>
<p>in Scotland or Northern Ireland, 6 months.</p>
</content>
</paragraph>
</subsection>
</section>
<section eId="section-33" period="#period7">
<num>33</num>
<heading>Extra-territorial application of offences</heading>
<subsection eId="section-33-1">
<num>1</num>
<intro>
<p>An offence under this Part may be committed by conduct wholly or partly outside the United Kingdom by—</p>
</intro>
<paragraph eId="section-33-1-a">
<num>a</num>
<content>
<p>
a
<abbr class="Acronym" title="United Kingdom">UK</abbr>
national, or
</p>
</content>
</paragraph>
<paragraph eId="section-33-1-b">
<num>b</num>
<content>
<p>a body incorporated or constituted under the law of any part of the United Kingdom.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-33-2">
<num>2</num>
<intro>
<p>
In subsection (1) “
<term refersTo="#term-uk-national">
<abbr class="Acronym" title="United Kingdom">UK</abbr>
national
</term>
” means—
</p>
</intro>
<paragraph eId="section-33-2-a">
<num>a</num>
<content>
<p>a British citizen, a British overseas territories citizen, a British National (Overseas) or a British Overseas citizen,</p>
</content>
</paragraph>
<paragraph eId="section-33-2-b">
<num>b</num>
<content>
<p>a person who under the British Nationality Act 1981 is a British subject, or</p>
</content>
</paragraph>
<paragraph eId="section-33-2-c">
<num>c</num>
<content>
<p>a British protected person within the meaning of that Act.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-33-3">
<num>3</num>
<content>
<p>Her Majesty may by Order in Council provide for this section to have effect as if the list of persons in subsection (1) included a body incorporated or constituted under the law of any territory named in the Order.</p>
</content>
</subsection>
<subsection eId="section-33-4">
<num>4</num>
<intro>
<p>An Order under subsection (3) may name—</p>
</intro>
<paragraph eId="section-33-4-a">
<num>a</num>
<content>
<p>one or more of the Channel Islands,</p>
</content>
</paragraph>
<paragraph eId="section-33-4-b">
<num>b</num>
<content>
<p>the Isle of Man, or</p>
</content>
</paragraph>
<paragraph eId="section-33-4-c">
<num>c</num>
<content>
<p>one or more of the British overseas territories.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-33-5">
<num>5</num>
<content>
<p>
In this section “
<term refersTo="#term-conduct">conduct</term>
” includes acts and omissions.
</p>
</content>
</subsection>
<subsection eId="section-33-6">
<num>6</num>
<content>
<p>Nothing in this section affects any criminal liability arising otherwise than under this section.</p>
</content>
</subsection>
</section>
<section eId="section-34" period="#period7">
<num>34</num>
<heading>
Liability of officers of body corporate
<abbr title="et cetera" xml:lang="la">etc.</abbr>
</heading>
<subsection eId="section-34-1">
<num>1</num>
<intro>
<p>Where an offence under this Part committed by a body corporate—</p>
</intro>
<paragraph eId="section-34-1-a">
<num>a</num>
<content>
<p>is committed with the consent or connivance of any director, manager, secretary or other similar officer of the body corporate, or any person who was purporting to act in any such capacity, or</p>
</content>
</paragraph>
<paragraph eId="section-34-1-b">
<num>b</num>
<content>
<p>is attributable to any neglect on the part of any such person,</p>
</content>
</paragraph>
<wrapUp>
<p>that person as well as the body corporate is guilty of the offence and is liable to be proceeded against and punished accordingly.</p>
</wrapUp>
</subsection>
<subsection eId="section-34-2">
<num>2</num>
<content>
<p>
In subsection (1) “
<term refersTo="#term-director">director</term>
”, in relation to a body corporate whose affairs are managed by its members, means a member of the body corporate.
</p>
</content>
</subsection>
<subsection eId="section-34-3">
<num>3</num>
<intro>
<p>Subsection (1) also applies in relation to a body that is not a body corporate, with the substitution for the reference to a director of the body of a reference—</p>
</intro>
<paragraph eId="section-34-3-a">
<num>a</num>
<content>
<p>in the case of a partnership, to a partner;</p>
</content>
</paragraph>
<paragraph eId="section-34-3-b">
<num>b</num>
<intro>
<p>in the case of an unincorporated body other than a partnership—</p>
</intro>
<subparagraph eId="section-34-3-b-i">
<num>i</num>
<content>
<p>where the body's affairs are managed by its members, to a member of the body;</p>
</content>
</subparagraph>
<subparagraph eId="section-34-3-b-ii">
<num>ii</num>
<content>
<p>in any other case, to a member of the governing body.</p>
</content>
</subparagraph>
</paragraph>
</subsection>
</section>
<section eId="section-35" period="#period7">
<num>35</num>
<heading>Jurisdiction to try offences</heading>
<subsection eId="section-35-1">
<num>1</num>
<intro>
<p>Where an offence under this Part is committed outside the United Kingdom—</p>
</intro>
<paragraph eId="section-35-1-a">
<num>a</num>
<content>
<p>proceedings for the offence may be taken at any place in the United Kingdom, and</p>
</content>
</paragraph>
<paragraph eId="section-35-1-b">
<num>b</num>
<content>
<p>the offence may for all incidental purposes be treated as having been committed at any such place.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-35-2">
<num>2</num>
<intro>
<p>In the application of subsection (1) to Scotland, any such proceedings against a person may be taken—</p>
</intro>
<paragraph eId="section-35-2-a">
<num>a</num>
<content>
<p>in any sheriff court district in which the person is apprehended or is in custody, or</p>
</content>
</paragraph>
<paragraph eId="section-35-2-b">
<num>b</num>
<content>
<p>in such sheriff court district as the Lord Advocate may determine.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-35-3">
<num>3</num>
<content>
<p>
In subsection (2) “
<term refersTo="#term-sheriff-court-district">sheriff court district</term>
” is to be read in accordance with the Criminal Procedure (Scotland) Act 1995 (see section 307(1) of that Act).
</p>
</content>
</subsection>
<subsection eId="section-35-4">
<num>4</num>
<content>
<p>
In section 28(2) of the Counter-Terrorism Act 2008 (jurisdiction to try offences committed in another part of the
<abbr class="Acronym" title="United Kingdom">UK</abbr>
: offences to which the section applies), after paragraph (c) insert—
</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<paragraph eId="d4e2519">
<num>d</num>
<content>
<p>
an offence under any provision of Part 1 of the Terrorist Asset-Freezing
<abbr title="et cetera" xml:lang="la">etc.</abbr>
Act 2010.
</p>
</content>
</paragraph>
</quotedStructure>
</mod>
</p>
</content>
</subsection>
</section>
<section eId="section-36" period="#period7">
<num>36</num>
<heading>Time limit for proceedings for summary offences</heading>
<subsection eId="section-36-1">
<num>1</num>
<intro>
<p>In England and Wales an information relating to an offence under section 19(5) or 22 may be tried by a magistrates' court if it is laid—</p>
</intro>
<paragraph eId="section-36-1-a">
<num>a</num>
<content>
<p>at any time within three years after the commission of the offence, and</p>
</content>
</paragraph>
<paragraph eId="section-36-1-b">
<num>b</num>
<content>
<p>within twelve months after the date on which evidence sufficient in the opinion of the prosecutor to justify the proceedings comes to the knowledge of the prosecutor.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-36-2">
<num>2</num>
<intro>
<p>In Scotland—</p>
</intro>
<paragraph eId="section-36-2-a">
<num>a</num>
<intro>
<p>proceedings for an offence under section 19(5) or 22 may be commenced—</p>
</intro>
<subparagraph eId="section-36-2-a-i">
<num>i</num>
<content>
<p>before the end of the period of twelve months from the date on which evidence sufficient in the Lord Advocate's opinion to justify the proceedings came to the Lord Advocate's knowledge, and</p>
</content>
</subparagraph>
<subparagraph eId="section-36-2-a-ii">
<num>ii</num>
<content>
<p>not later than three years after the commission of the offence, and</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="section-36-2-b">
<num>b</num>
<content>
<p>section 136(3) of the Criminal Procedure (Scotland) Act 1995 (date when proceedings deemed to be commenced) applies for the purposes of this subsection as for the purposes of that section.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-36-3">
<num>3</num>
<intro>
<p>In Northern Ireland a magistrates' court has jurisdiction to hear and determine a complaint charging the commission of an offence under section 19(5) or 22 provided that the complaint is made—</p>
</intro>
<paragraph eId="section-36-3-a">
<num>a</num>
<content>
<p>at any time within three years after the commission of the offence, and</p>
</content>
</paragraph>
<paragraph eId="section-36-3-b">
<num>b</num>
<content>
<p>within twelve months after the date on which evidence sufficient in the opinion of the prosecutor to justify the proceedings comes to the knowledge of the prosecutor.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-36-4">
<num>4</num>
<content>
<p>For the purposes of this section a certificate of the prosecutor (or, in Scotland, the Lord Advocate) as to the date on which such evidence as is referred to above came to their notice is conclusive evidence.</p>
</content>
</subsection>
</section>
<section eId="section-37" period="#period7">
<num>37</num>
<heading>Consent to prosecution</heading>
<subsection eId="section-37-1">
<num>1</num>
<intro>
<p>Proceedings for an offence under this Part (other than an offence under section 19(5) or 22) may not be instituted—</p>
</intro>
<paragraph eId="section-37-1-a">
<num>a</num>
<content>
<p>in England and Wales, except by or with the consent of the Attorney General;</p>
</content>
</paragraph>
<paragraph eId="section-37-1-b">
<num>b</num>
<content>
<p>in Northern Ireland, except by or with the consent of the Advocate General for Northern Ireland.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-37-2">
<num>2</num>
<intro>
<p>Nothing in subsection (1) prevents—</p>
</intro>
<paragraph eId="section-37-2-a">
<num>a</num>
<content>
<p>the arrest of a person in respect of an offence under this Part, or</p>
</content>
</paragraph>
<paragraph eId="section-37-2-b">
<num>b</num>
<content>
<p>the remand in custody or on bail of a person charged with such an offence.</p>
</content>
</paragraph>
</subsection>
</section>
<section eId="section-38" period="#period7">
<num>38</num>
<heading>Procedure for offences by unincorporated bodies</heading>
<subsection eId="section-38-1">
<num>1</num>
<content>
<p>A fine imposed on an unincorporated body on its conviction of an offence under this Part must be paid out of the funds of the body.</p>
</content>
</subsection>
<subsection eId="section-38-2">
<num>2</num>
<content>
<p>Subsections (3) to (6) apply if it is alleged that an offence under this Part has been committed by an unincorporated body (as opposed to by a member of the body).</p>
</content>
</subsection>
<subsection eId="section-38-3">
<num>3</num>
<content>
<p>Proceedings in England and Wales or Northern Ireland for such an offence must be brought in the name of the body.</p>
</content>
</subsection>
<subsection eId="section-38-4">
<num>4</num>
<intro>
<p>For the purposes of such proceedings—</p>
</intro>
<paragraph eId="section-38-4-a">
<num>a</num>
<content>
<p>any rules of court relating to the service of documents have effect as if the body were a body corporate, and</p>
</content>
</paragraph>
<paragraph eId="section-38-4-b">
<num>b</num>
<intro>
<p>the following provisions apply as they apply in relation to a body corporate—</p>
</intro>
<subparagraph eId="section-38-4-b-i">
<num>i</num>
<content>
<p>in England and Wales, section 33 of the Criminal Justice Act 1925 and Schedule 3 to the Magistrates' Courts Act 1980;</p>
</content>
</subparagraph>
<subparagraph eId="section-38-4-b-ii">
<num>ii</num>
<content>
<p>
in Northern Ireland, section 18 of the Criminal Justice Act (Northern Ireland) 1945 and Article 166 of, and Schedule 4 to, the Magistrates' Courts (Northern Ireland) Order 1981 (
<abbr class="Acronym" title="Statutory Instrument">S.I.</abbr>
1981/1675 (N.I.26)).
</p>
</content>
</subparagraph>
</paragraph>
</subsection>
<subsection eId="section-38-5">
<num>5</num>
<intro>
<p>For the purposes of proceedings in Scotland for such an offence—</p>
</intro>
<paragraph eId="section-38-5-a">
<num>a</num>
<content>
<p>any rules of court relating to the service of documents have effect as if the body were a body corporate, and</p>
</content>
</paragraph>
<paragraph eId="section-38-5-b">
<num>b</num>
<content>
<p>in the case of proceedings on indictment, section 70 of the Criminal Procedure (Scotland) Act 1995 applies as it applies in relation to a body corporate.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-38-6">
<num>6</num>
<content>
<p>Subsection (5)(b) does not apply so far as the amendments made to section 70 of the Act of 1995 by section 66 of the Criminal Justice and Licensing (Scotland) Act 2010 (proceedings on indictment against organisations) are in force instead.</p>
</content>
</subsection>
</section>
</hcontainer>
<hcontainer name="crossheading" eId="part-1-chapter-4-crossheading-interpretation" period="#period2">
<heading>
<em>Interpretation</em>
</heading>
<section eId="section-39" period="#period7">
<num>39</num>
<heading>Meaning of “funds” and “economic resources”</heading>
<subsection eId="section-39-1">
<num>1</num>
<intro>
<p>
In this Part, “
<term refersTo="#term-funds">funds</term>
” means financial assets and benefits of every kind, including (but not limited to)—
</p>
</intro>
<paragraph eId="section-39-1-a">
<num>a</num>
<content>
<p>cash, cheques, claims on money, drafts, money orders and other payment instruments;</p>
</content>
</paragraph>
<paragraph eId="section-39-1-b">
<num>b</num>
<content>
<p>deposits with relevant institutions or other persons, balances on accounts, debts and debt obligations;</p>
</content>
</paragraph>
<paragraph eId="section-39-1-c">
<num>c</num>
<content>
<p>publicly and privately traded securities and debt instruments, including stocks and shares, certificates representing securities, bonds, notes, warrants, debentures and derivative products;</p>
</content>
</paragraph>
<paragraph eId="section-39-1-d">
<num>d</num>
<content>
<p>interest, dividends and other income on or value accruing from or generated by assets;</p>
</content>
</paragraph>
<paragraph eId="section-39-1-e">
<num>e</num>
<content>
<p>credit, rights of set-off, guarantees, performance bonds and other financial commitments;</p>
</content>
</paragraph>
<paragraph eId="section-39-1-f">
<num>f</num>
<content>
<p>letters of credit, bills of lading and bills of sale;</p>
</content>
</paragraph>
<paragraph eId="section-39-1-g">
<num>g</num>
<content>
<p>documents providing evidence of an interest in funds or financial resources;</p>
</content>
</paragraph>
<paragraph eId="section-39-1-h">
<num>h</num>
<content>
<p>any other instrument of export financing.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-39-2">
<num>2</num>
<content>
<p>
In this Part, “
<term refersTo="#term-economic-resources">economic resources</term>
” means assets of every kind, whether tangible or intangible, movable or immovable, which are not funds but can be used to obtain funds, goods or services.
</p>
</content>
</subsection>
</section>
<section eId="section-40" period="#period7">
<num>40</num>
<heading>Meaning of “financial services”</heading>
<subsection eId="section-40-1">
<num>1</num>
<intro>
<p>
In this Part, “
<term refersTo="#term-financial-services">financial services</term>
” means any service of a financial nature, including (but not limited to)—
</p>
</intro>
<paragraph eId="section-40-1-a">
<num>a</num>
<intro>
<p>insurance-related services consisting of—</p>
</intro>
<subparagraph eId="section-40-1-a-i">
<num>i</num>
<content>
<p>direct life assurance;</p>
</content>
</subparagraph>
<subparagraph eId="section-40-1-a-ii">
<num>ii</num>
<content>
<p>direct insurance other than life assurance;</p>
</content>
</subparagraph>
<subparagraph eId="section-40-1-a-iii">
<num>iii</num>
<content>
<p>reinsurance and retrocession;</p>
</content>
</subparagraph>
<subparagraph eId="section-40-1-a-iv">
<num>iv</num>
<content>
<p>insurance intermediation, such as brokerage and agency;</p>
</content>
</subparagraph>
<subparagraph eId="section-40-1-a-v">
<num>v</num>
<content>
<p>services auxiliary to insurance, such as consultancy, actuarial, risk assessment and claim settlement services;</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="section-40-1-b">
<num>b</num>
<intro>
<p>banking and other financial services consisting of—</p>
</intro>
<subparagraph eId="section-40-1-b-i">
<num>i</num>
<content>
<p>accepting deposits and other repayable funds;</p>
</content>
</subparagraph>
<subparagraph eId="section-40-1-b-ii">
<num>ii</num>
<content>
<p>lending (including consumer credit, mortgage credit, factoring and financing of commercial transactions);</p>
</content>
</subparagraph>
<subparagraph eId="section-40-1-b-iii">
<num>iii</num>
<content>
<p>financial leasing;</p>
</content>
</subparagraph>
<subparagraph eId="section-40-1-b-iv">
<num>iv</num>
<content>
<p>payment and money transmission services (including credit, charge and debit cards, travellers' cheques and bankers' drafts);</p>
</content>
</subparagraph>
<subparagraph eId="section-40-1-b-v">
<num>v</num>
<content>
<p>providing guarantees or commitments;</p>
</content>
</subparagraph>
<subparagraph eId="section-40-1-b-vi">
<num>vi</num>
<content>
<p>financial trading (as defined in subsection (2) below);</p>
</content>
</subparagraph>
<subparagraph eId="section-40-1-b-vii">
<num>vii</num>
<content>
<p>participating in issues of any kind of securities (including underwriting and placement as an agent, whether publicly or privately) and providing services related to such issues;</p>
</content>
</subparagraph>
<subparagraph eId="section-40-1-b-viii">
<num>viii</num>
<content>
<p>money brokering;</p>
</content>
</subparagraph>
<subparagraph eId="section-40-1-b-ix">
<num>ix</num>
<content>
<p>asset management, such as cash or portfolio management, all forms of collective investment management, pension fund management, custodial, depository and trust services;</p>
</content>
</subparagraph>
<subparagraph eId="section-40-1-b-x">
<num>x</num>
<content>
<p>settlement and clearing services for financial assets (including securities, derivative products and other negotiable instruments);</p>
</content>
</subparagraph>
<subparagraph eId="section-40-1-b-xi">
<num>xi</num>
<content>
<p>providing or transferring financial information, and financial data processing or related software (but only by suppliers of other financial services);</p>
</content>
</subparagraph>
<subparagraph eId="section-40-1-b-xii">
<num>xii</num>
<content>
<p>providing advisory and other auxiliary financial services in respect of any activity listed in sub-paragraphs (i) to (xi) (including credit reference and analysis, investment and portfolio research and advice, advice on acquisitions and on corporate restructuring and strategy).</p>
</content>
</subparagraph>
</paragraph>
</subsection>
<subsection eId="section-40-2">
<num>2</num>
<intro>
<p>
In subsection (1)(b)(vi), “
<term refersTo="#term-financial-trading">financial trading</term>
” means trading for own account or for account of customers, whether on an investment exchange, in an over-the- counter market or otherwise, in—
</p>
</intro>
<paragraph eId="section-40-2-a">
<num>a</num>
<content>
<p>money market instruments (including cheques, bills and certificates of deposit);</p>
</content>
</paragraph>
<paragraph eId="section-40-2-b">
<num>b</num>
<content>
<p>foreign exchange;</p>
</content>
</paragraph>
<paragraph eId="section-40-2-c">
<num>c</num>
<content>
<p>derivative products (including futures and options);</p>
</content>
</paragraph>
<paragraph eId="section-40-2-d">
<num>d</num>
<content>
<p>exchange rate and interest rate instruments (including products such as swaps and forward rate agreements);</p>
</content>
</paragraph>
<paragraph eId="section-40-2-e">
<num>e</num>
<content>
<p>transferable securities;</p>
</content>
</paragraph>
<paragraph eId="section-40-2-f">
<num>f</num>
<content>
<p>other negotiable instruments and financial assets (including bullion).</p>
</content>
</paragraph>
</subsection>
</section>
<section eId="section-41" period="#period2">
<num>41</num>
<heading>Meaning of “relevant institution”</heading>
<subsection eId="section-41-1">
<num>1</num>
<intro>
<p>
In this Part “
<term refersTo="#term-relevant-institution">relevant institution</term>
” means-
</p>
</intro>
<paragraph eId="section-41-1-a">
<num>a</num>
<content>
<p>a person that has permission under Part 4 of the Financial Services and Markets Act 2000 (permission to carry on regulated activity);</p>
</content>
</paragraph>
<paragraph eId="section-41-1-b">
<num>b</num>
<content>
<p>
an
<abbr class="Acronym" title="European Economic Area">EEA</abbr>
firm of the kind mentioned in paragraph 5(b) of Schedule 3 to that Act that has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to accept deposits; or
</p>
</content>
</paragraph>
<paragraph eId="section-41-1-c">
<num>c</num>
<intro>
<p>an undertaking that by way of business—</p>
</intro>
<subparagraph eId="section-41-1-c-i">
<num>i</num>
<content>
<p>operates a currency exchange office,</p>
</content>
</subparagraph>
<subparagraph eId="section-41-1-c-ii">
<num>ii</num>
<content>
<p>transmits money (or any representation of monetary value) by any means, or</p>
</content>
</subparagraph>
<subparagraph eId="section-41-1-c-iii">
<num>iii</num>
<content>
<p>cashes cheques that are made payable to customers.</p>
</content>
</subparagraph>
</paragraph>
</subsection>
<subsection eId="section-41-2">
<num>2</num>
<content>
<p>The definition of “relevant institution” in subsection (1) must be read with section 22 of the Financial Services and Markets Act 2000, any relevant order under that section and Schedule 2 to that Act (classes of regulated activities and categories of investment).</p>
</content>
</subsection>
</section>
<section eId="section-42" period="#period7">
<num>42</num>
<heading>Interpretation: general</heading>
<subsection eId="section-42-1">
<num>1</num>
<content>
<p>In this Part—</p>
<blockList class="unordered">
<item>
<p>
<term refersTo="#term-designated-person">designated person</term>
” has the meaning given by section 1;
</p>
</item>
<item>
<p>
<term refersTo="#term-document">document</term>
” includes information recorded in any form and, in relation to information recorded otherwise than in legible form, references to its production include producing a copy of the information in legible form;
</p>
</item>
<item>
<p>
<term refersTo="#term-economic-resources">economic resources</term>
” has the meaning given by section 39(2);
</p>
</item>
<item>
<p>
<term refersTo="#term-enactment">enactment</term>
” includes—
</p>
<blockList class="ordered">
<item>
<num>a</num>
<p>an enactment comprised in subordinate legislation (within the meaning of the Interpretation Act 1978);</p>
</item>
<item>
<num>b</num>
<p>an enactment comprised in, or in an instrument made under—</p>
<blockList class="ordered">
<item>
<num>i</num>
<p>an Act of the Scottish Parliament;</p>
</item>
<item>
<num>ii</num>
<p>Northern Ireland legislation; or</p>
</item>
<item>
<num>iii</num>
<p>a Measure or Act of the National Assembly for Wales;</p>
</item>
</blockList>
</item>
</blockList>
</item>
<item>
<p>
<term refersTo="#term-final-designation">final designation</term>
” means a designation under section 2 (including any renewed such designation);
</p>
</item>
<item>
<p>
<term refersTo="#term-financial-services">financial services</term>
” has the meaning given by section 40;
</p>
</item>
<item>
<p>
<term refersTo="#term-funds">funds</term>
” has the meaning given by section 39(1);
</p>
</item>
<item>
<p>
<term refersTo="#term-interim-designation">interim designation</term>
” means a designation under section 6;
</p>
</item>
<item>
<p>
<term refersTo="#term-relevant-institution">relevant institution</term>
” has the meaning given by section 41;
</p>
</item>
<item>
<p>
<term refersTo="#term-the-relevant-security-council-resolutions">the relevant Security Council resolutions</term>
” has the meaning given by subsection (2) below.
</p>
</item>
</blockList>
</content>
</subsection>
<subsection eId="section-42-2">
<num>2</num>
<intro>
<p>For the purposes of this Part “the relevant Security Council resolutions” are—</p>
</intro>
<paragraph eId="section-42-2-a">
<num>a</num>
<content>
<p>resolution 1373 (2001) adopted by the Security Council of the United Nations on 28th September 2001, and</p>
</content>
</paragraph>
<paragraph eId="section-42-2-b">
<num>b</num>
<content>
<p>resolution 1452 (2002) adopted by the Security Council of the United Nations on 20th December 2002.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-42-3">
<num>3</num>
<content>
<p>The Treasury may by order amend subsection (2) so as to add further relevant Security Council resolutions or remove any that are superseded.</p>
</content>
</subsection>
<subsection eId="section-42-4">
<num>4</num>
<content>
<p>Any such order must be made by statutory instrument subject to annulment in pursuance of a resolution of either House of Parliament.</p>
</content>
</subsection>
</section>
</hcontainer>
<hcontainer name="crossheading" eId="part-1-chapter-4-crossheading-miscellaneous" period="#period7">
<heading>
<em>Miscellaneous</em>
</heading>
<section eId="section-43" period="#period7">
<num>43</num>
<heading>Service of notices</heading>
<subsection eId="section-43-1">
<num>1</num>
<content>
<p>This section applies in relation to any notice to be given to a person by the Treasury under this Part.</p>
</content>
</subsection>
<subsection eId="section-43-2">
<num>2</num>
<intro>
<p>Any such notice may be given—</p>
</intro>
<paragraph eId="section-43-2-a">
<num>a</num>
<content>
<p>by posting it to the person's last known address, or</p>
</content>
</paragraph>
<paragraph eId="section-43-2-b">
<num>b</num>
<content>
<p>where the person is a body corporate, partnership or unincorporated body other than a partnership, by posting it to the registered or principal office of the body or partnership concerned.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-43-3">
<num>3</num>
<content>
<p>Where the Treasury do not have an address for the person, they must make arrangements for the notice to be given to the person at the first available opportunity.</p>
</content>
</subsection>
</section>
<section eId="section-44" period="#period7">
<num>44</num>
<heading>Crown application</heading>
<subsection eId="section-44-1">
<num>1</num>
<content>
<p>This Part binds the Crown.</p>
</content>
</subsection>
<subsection eId="section-44-2">
<num>2</num>
<content>
<p>No contravention by the Crown of a provision of this Part makes the Crown criminally liable.</p>
</content>
</subsection>
<subsection eId="section-44-3">
<num>3</num>
<content>
<p>The High Court or, in Scotland, the Court of Session may, on the application of a person appearing to the court to have an interest, declare unlawful any act or omission of the Crown that constitutes a contravention of a provision of this Part.</p>
</content>
</subsection>
<subsection eId="section-44-4">
<num>4</num>
<content>
<p>Nothing in this section affects Her Majesty in her private capacity.</p>
</content>
</subsection>
<subsection eId="section-44-5">
<num>5</num>
<content>
<p>Subsection (4) is to be read as if section 38(3) of the Crown Proceedings Act 1947 (meaning of Her Majesty in her private capacity) were contained in this Part.</p>
</content>
</subsection>
</section>
<section eId="section-45" period="#period7">
<num>45</num>
<heading>Consequential amendments, repeals and revocations</heading>
<subsection eId="section-45-1">
<num>1</num>
<content>
<p>Part 1 of Schedule 1 (which contains amendments consequential on this Part) has effect.</p>
</content>
</subsection>
<subsection eId="section-45-2">
<num>2</num>
<content>
<p>Part 1 of Schedule 2 (which contains repeals and revocations consequential on this Part) has effect.</p>
</content>
</subsection>
</section>
<section eId="section-46" period="#period7">
<num>46</num>
<heading>Transitional provisions and savings</heading>
<subsection eId="section-46-1">
<num>1</num>
<content>
<p>The Terrorist Asset-Freezing (Temporary Provisions) Act 2010 ceases to have effect on the coming into force of this Part.</p>
</content>
</subsection>
<subsection eId="section-46-2">
<num>2</num>
<intro>
<p>The repeal by this Part of the Act of 2010 does not affect the continued validity, lawfulness or effectualness of anything that—</p>
</intro>
<paragraph eId="section-46-2-a">
<num>a</num>
<content>
<p>was done or omitted by a person other than the Treasury in the period beginning with 4 February 2010 and ending with the coming into force of the Act of 2010, and</p>
</content>
</paragraph>
<paragraph eId="section-46-2-b">
<num>b</num>
<content>
<p>was valid, lawful or effectual by virtue of section 2 of that Act (protection of things done or omitted in interim period).</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-46-3">
<num>3</num>
<content>
<p>Subsection (2) is without prejudice to the operation of section 16 of the Interpretation Act 1978 (general savings) in relation to the repeal by this Part of the Act of 2010.</p>
</content>
</subsection>
<subsection eId="section-46-4">
<num>4</num>
<intro>
<p>In its application to the repeal by this Part of section 1 of the Act of 2010 (temporary validity of certain Orders in Council), section 16(1) of the Act of 1978 has effect as if—</p>
</intro>
<paragraph eId="section-46-4-a">
<num>a</num>
<content>
<p>references to anything done, suffered, acquired, accrued or incurred under section 1 of the Act of 2010 included references to anything done, suffered, acquired, accrued or incurred under any Order deemed by that section to have been validly made,</p>
</content>
</paragraph>
<paragraph eId="section-46-4-b">
<num>b</num>
<content>
<p>the reference to any offence committed against that enactment were a reference to any offence committed against any such Order, and</p>
</content>
</paragraph>
<paragraph eId="section-46-4-c">
<num>c</num>
<content>
<p>
at the end there were inserted
<mod>
<quotedText>“ and as if the enactment had not been due to cease to have effect on 31 December 2010 ”</quotedText>
</mod>
.
</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-46-5">
<num>5</num>
<content>
<p>
Anything done or omitted to be done by the Treasury under the Terrorism (United Nations Measures) Order 2009 (
<abbr class="Acronym" title="Statutory Instrument">S.I.</abbr>
2009/1747) is, if in force or effective immediately before the coming into force of this Part, to have effect as if done or omitted by the Treasury under any corresponding provision of this Part so far as that is required for continuing its effect on and after the coming into force of this Part.
</p>
</content>
</subsection>
<subsection eId="section-46-6">
<num>6</num>
<intro>
<p>In particular—</p>
</intro>
<paragraph eId="section-46-6-a">
<num>a</num>
<content>
<p>any direction made, licence granted, or request for information or documents, by the Treasury under the Order of 2009 that is in force immediately before the coming into force of this Part has effect, on or after the coming into force of this Part, as a final designation, a licence or (as the case may be) a request under any corresponding provision of this Part so far as that is required for continuing its effect on and after the coming into force of this Part, and</p>
</content>
</paragraph>
<paragraph eId="section-46-6-b">
<num>b</num>
<content>
<p>any information obtained by the Treasury under that Order (including any document so obtained and any copy or extract made of any document so obtained) is to be treated for the purposes of section 23 (general power to disclose information) as obtained by the Treasury under this Part.</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-46-7">
<num>7</num>
<content>
<p>Subsections (5) and (6) have effect despite the fact that (following the repeal of the Act of 2010) the Order concerned is not validly made under, or that any provision of it is not within the power conferred by, section 1 of the United Nations Act 1946.</p>
</content>
</subsection>
<subsection eId="section-46-8">
<num>8</num>
<content>
<p>Any final designation that has effect by virtue of subsections (5) and (6) ceases to have effect at the end of the period of three months after this Part comes into force unless renewed (or revoked) by the Treasury under this Part.</p>
</content>
</subsection>
<subsection eId="section-46-9">
<num>9</num>
<intro>
<p>The references to offences under this Part in the new sub-paragraphs inserted by way of substitution by Part 1 of Schedule 1 are to be read as including references to any offences under—</p>
</intro>
<paragraph eId="section-46-9-a">
<num>a</num>
<content>
<p>
article 7, 8 or 10 of the Terrorism (United Nations Measures) Order 2006 (
<abbr class="Acronym" title="Statutory Instrument">S.I.</abbr>
2006/2657), or
</p>
</content>
</paragraph>
<paragraph eId="section-46-9-b">
<num>b</num>
<content>
<p>article 10, 11, 12, 13, 14 or 16 of the Order of 2009,</p>
</content>
</paragraph>
<wrapUp>
<p>that were committed while the Act of 2010 was in force.</p>
</wrapUp>
</subsection>
<subsection eId="section-46-10">
<num>10</num>
<intro>
<p>
Without prejudice to the operation of section 16 of the Interpretation Act 1978, the repeal by this Part of section 64(1)(e) of the Counter-Terrorism Act 2008 (meaning of
<abbr class="Acronym" title="United Nations">UN</abbr>
terrorism orders) does not affect—
</p>
</intro>
<paragraph eId="section-46-10-a">
<num>a</num>
<content>
<p>any financial restrictions proceedings on an application made under section 63 of the Act of 2008 before the coming into force of this Part, or</p>
</content>
</paragraph>
<paragraph eId="section-46-10-b">
<num>b</num>
<content>
<p>any proceedings arising out of those proceedings.</p>
</content>
</paragraph>
</subsection>
</section>
<section eId="section-47" period="#period7">
<num>47</num>
<heading>Power to repeal Part</heading>
<subsection eId="section-47-1">
<num>1</num>
<content>
<p>This section applies if the Security Council of the United Nations takes any decision that has the effect of terminating (permanently and without replacement) the operation of the relevant Security Council resolutions (in whole or in part).</p>
</content>
</subsection>
<subsection eId="section-47-2">
<num>2</num>
<content>
<p>The Treasury must lay before Parliament a draft order repealing this Part (in whole or in part) in accordance with the decision.</p>
</content>
</subsection>
<subsection eId="section-47-3">
<num>3</num>
<intro>
<p>Any such order—</p>
</intro>
<paragraph eId="section-47-3-a">
<num>a</num>
<content>
<p>may contain such incidental, consequential, supplementary, transitional, transitory or saving provision as the Treasury consider appropriate (including provision amending or repealing any enactment, whether in this Part or elsewhere),</p>
</content>
</paragraph>
<paragraph eId="section-47-3-b">
<num>b</num>
<content>
<p>must be made by statutory instrument, and</p>
</content>
</paragraph>
<paragraph eId="section-47-3-c">
<num>c</num>
<content>
<p>is not to be made unless the draft is approved by a resolution of each House of Parliament.</p>
</content>
</paragraph>
</subsection>
</section>
</hcontainer>
</chapter>
</part>
</portionBody>
</portion>
</akomaNtoso>