The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017

Power to maintain registers U.K.

55.—(1) The FCA may maintain a register of Annex 1 financial institutions.

(2) For the purposes of paragraph (1), an “Annex 1 financial institution” is a financial institution which—

(a) falls within regulation 10(2)(a), and

(b) is not—

(i) a money service business;

(ii) an authorised person;

(iii) a bill payment service provider; or

(iv) a telecommunication, digital and IT payment service provider.

(3) The Commissioners may maintain registers of relevant persons who are not supervised by any of the professional bodies listed in Schedule 1, and who are—

(a) estate agents,

(b) auditors;

(c) external accountants;

(d) tax advisers;

(e) bill payment service providers; F1 ...

(f) telecommunication, digital and IT payment service providers;

[F2 (g) letting agents; or

(h) art market participants.]

(4) Where a registering authority decides to maintain a register under this regulation, it must take reasonable steps to bring its decision to the attention of those relevant persons in respect of which the register is to be established.

(5) Subject to paragraph (6) a registering authority may maintain a register under this regulation in any form it thinks fit.

(6) The registers maintained by the registering authorities must include entries in any equivalent registers maintained under regulation 32 of the Money Laundering Regulations 2007 M1 which were current immediately before the date that regulation was revoked.

(7) A registering authority may publish or make available to public inspection all or part of a register maintained by it under this regulation.

Textual Amendments

F1 Word in reg. 55(3)(e) omitted (10.1.2020) by virtue of The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (S.I. 2019/1511), regs. 1(2), 7(10)(a)

F2 Reg. 55(3)(g)(h) inserted (10.1.2020) by The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (S.I. 2019/1511), regs. 1(2), 7(10)(b)

Marginal Citations

M1 2000 c. 8. Section 349 has been amended by section 964 of the Companies Act 2006 (c.46), paragraph 19 of Schedule 12 to the Financial Services Act 2012 (c.21) and by S.I. 2006/1183 and 2007/1093.