The Proceeds of Crime Act 2002 (External Requests and Orders) Order 2005

Sums in currency other than sterling

111.—(1) This article applies where the external order which is registered under article 108 specifies a sum of money.

(2) If the sum of money which is specified is expressed in a currency other than sterling, the sum of money to be recovered is to be taken to be the sterling equivalent calculated in accordance with the rate of exchange prevailing at the end of the working day immediately preceding the day when the Crown Court registered the external order under article 108.

(3) The sterling equivalent must be calculated by the relevant Director.

(4) The notice referred to in article 108(1)(b) and (5) must set out the amount in sterling which is to be paid.

(5) In this article “working day” means any day other than—

(a) a Saturday or Sunday;

(b) Christmas Day;

(c) Good Friday;

(d) any day that is a bank holiday in Northern Ireland under the Banking and Financial Dealings Act 1971(1).

(1)

1971 c. 80.