Amendment of Schedule 9 to the Proceeds of Crime Act 20023.

In paragraph 1 of Schedule 9 to the Proceeds of Crime Act 20025(business in the regulated sector)—

(a)

in sub-paragraph (1)(p), omit “(within the meaning given by section 1 of the Estate Agents Act 1979 (estate agency work))”;

(b)

after sub-paragraph (6) insert—

“(6A)

For the purposes of sub-paragraph (1)(p) “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include references to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest.”.