Point in time view as at 03/07/2023.
Police, Crime, Sentencing and Courts Act 2022, Section 59 is up to date with all changes known to be in force on or before 04 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)In section 303Z1 of the Proceeds of Crime Act 2002 (application for account freezing order)—
(a)omit subsections (5A) and (5B), and
(b)in subsection (6), at the appropriate place insert—
““relevant financial institution” means—
a bank,
a building society,
an electronic money institution, or
a payment institution.”
(2)In section 316(1) of that Act (general interpretation), in the definition of “relevant financial institution”, after “303Z1” insert “(6)”.
(3)In section 48 of the Financial Services Act 2021 (extent)—
(a)in subsection (1), for “subsections (2) and (3)” substitute “subsection (2)”, and
(b)omit subsection (3).
(4)In paragraph 14 of Schedule 12 to that Act (forfeiture of money: electronic money institutions and payment institutions) omit sub-paragraphs (3) and (4).
Commencement Information
I1S. 59 in force at 28.6.2022, see s. 208(5)(h)
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