Economic Crime (Transparency and Enforcement) Act 2022

64Court reviews: restrictions regarding damagesU.K.
This section has no associated Explanatory Notes

(1)In section 39 of the 2018 Act (court reviews: further provision)—

(a)in subsection (2) omit paragraph (a) (and the “or” after it);

(b)after subsection (2) insert—

(2A)Damages permitted by subsection (2) must not exceed such amount as may be specified in, or calculated in accordance with, regulations made by an appropriate Minister for the purposes of this subsection.

(2)In section 55 (regulations: procedure), in subsection (5), after paragraph (a) insert—

(aa)section 39(2A),.

(3)The amendments made by this section apply in relation to proceedings to which section 39(2) of the 2018 Act applies that are commenced on or after 4 March 2022.

Commencement Information

I1S. 64 in force at Royal Assent, see s. 69(3)