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The Register of People with Significant Control Regulations 2016
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Changes over time for: Paragraph 8
Version Superseded: 31/12/2020
Alternative versions:
- 06/04/2016- Amendment
- 26/06/2017- Amendment
- 26/06/2017
Point in time - 31/12/2020- Amendment
- 21/03/2024- Amendment
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Point in time view as at 26/06/2017.
Changes to legislation:
There are currently no known outstanding effects for the The Register of People with Significant Control Regulations 2016, Paragraph 8.
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This section has no associated Explanatory Memorandum
8. The credit reference agency has delivered to the registrar a statement that it intends to use the information within section 790ZF(2) of the Act only for the purposes of—U.K.
(a)providing an assessment of the financial standing of a person;
(b)meeting any obligations contained in—
(i)[F1the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017];
(ii)any rules made pursuant to section 137A of the Financial Services and Markets Act 2000 M1 which relate to the prevention and detection of money laundering in connection with the carrying on of regulated activities by authorised persons; or
(iii)any legislation of another EEA State implementing [F2Directive 2015/849/EU of the European Parliament and of the Council on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing];
(c)conducting conflict of interest checks required or made necessary by any enactment;
(d)providing information within section 790ZF(2) of the Act to—
(i)a specified public authority which has satisfied the conditions of paragraphs 1 and 2 of Part 1 of this Schedule; or
(ii)a credit reference agency which has satisfied the requirements of this Part of this Schedule; or
(e)conducting checks for the prevention and detection of crime and fraud.
Textual Amendments
F1Words in Sch. 4 para. 8(b)(i) substituted (26.6.2017) by The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (S.I. 2017/692), reg. 1(2), Sch. 7 para. 34(a) (with regs. 8, 15)
F2Words in Sch. 4 para. 8(b)(iii) substituted (26.6.2017) by The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (S.I. 2017/692), reg. 1(2), Sch. 7 para. 34(b) (with regs. 8, 15)
Marginal Citations
M12000 c.8; section 137A is in Part 9A which was substituted for sections 138 to 166 by section 24(1) of the Financial Services Act 2012 (c.21).
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