SCHEDULE 2 U.K. Amendments to primary and secondary legislation

PART 2 U.K. Amendments to other primary legislation

Proceeds of Crime Act 2002 U.K.

41.—(1) Schedule 9 to the Proceeds of Crime Act 2002 M1 (regulated sector and supervisory authorities) is amended as follows.

(2) In paragraph 1(1)(b) M2 (business in the regulated sector) for “Banking Consolidation Directive” substitute “ Capital Requirements Regulation ” in both places where it appears.

(3) In paragraph 1(2)(a) for “Article 4(1) of the Banking Consolidation Directive” substitute “ Article 4(1)(1) of the Capital Requirements Regulation ”.

(4) In paragraph 1(2)(b) for “Article 4(3) of that Directive” substitute “ Article 4(1)(17) of that Regulation ”.

(5) In paragraph 3(1) M3 (interpretation)—

(a) omit the definition of “the Banking Consolidation Directive”; and

(b) at the appropriate place insert—

““the Capital Requirements Regulation” means Regulation (EU) No. 575/2013 of the European Parliament and of the Council”.

Marginal Citations

M1 Proceeds of Crime Act 2002 c. 29. Part 1 of Schedule 9 was substituted by S.I. 2007/3287.

M2 Paragraph 1(1)(b) was amended by S.I. 2011/99.

M3 Paragraph 3(1) was amended by S.I. 2011/99.