Economic Crime (Transparency and Enforcement) Act 2022

Sanctions regulationsU.K.

57Streamlining process of making sanctions regulationsU.K.

(1)The Sanctions and Anti-Money Laundering Act 2018 (referred to in this Chapter as the “2018 Act”) is amended as follows.

(2)In section 1 (power to make sanctions regulations) omit subsection (4).

(3)Omit section 2 (additional requirements for regulations for a purpose within section 1(2)).

(4)In section 45 (revocation and amendment of regulations under section 1)—

(a)in subsection (2)—

(i)omit the “and” at the end of paragraph (a);

(ii)omit paragraph (b);

(b)omit subsections (3) to (5);

(c)in subsection (6) omit “, section 2”.

Commencement Information

I1S. 57 in force at Royal Assent, see s. 69(3)