(1)Section 10 of the Economic Crime (Transparency and Enforcement) Act 2022 (processing of application for removal) is amended as follows.
(2)In subsection (2), after “land” insert “and there are no updates pending”.
(3)In subsection (3), after “land” insert “or there is an update pending”.
(4)After subsection (3) insert—
“(3A)For the purposes of subsections (2) and (3) an update is pending if—
(a)an update period for the entity has ended and the entity has not yet complied with the duty under section 7 in respect of that period, or
(b)the entity is required to deliver information under Schedule 6 but has not yet done so.”
Commencement Information
I1S. 164 in force at Royal Assent for specified purposes, see s. 219(1)(2)(b)
I2S. 164 in force at 4.3.2024 in so far as not already in force by S.I. 2024/269, reg. 2(z51)