The Economic Crime and Corporate Transparency Act 2023 (Financial Penalty) Regulations 2024
PART 1Introductory
1Citation, commencement and extent
2Interpretation
PART 2Financial Penalties
3The registrar’s powers
4Warning and penalty notices
5(1) After the end of the period stated in the...
6Variation and revocation of financial penalties
7Penalties
PART 3Appeals
8(1) Subject to paragraph (3), a person who has received...
PART 4Enforcement
9Recovering penalties
PART 5Register of Overseas Entities Financial Penalties
10Amendments to the Register of Overseas Entities (Penalties and Northern Ireland Dispositions) Regulations 2023
11For regulation 3(2) substitute— (2) No financial penalty may be...
12In regulation 5(2) for “contain” substitute “set out”.
13In regulation 5(2)(d) for “starts” substitute “started” and for “ceases”...
14In regulation 5(2)(f) after “sooner than” insert “the end of...
15For regulation 7(4)(a) substitute— (a) the first day from which...
16In regulation 7(5) after “accrues on” insert “the amount of”....
17In regulation 8(4) after “penalty notice” insert “is given”.
18In regulation 8(6)(b) after “the amount” insert “of”.
19In regulation 9(1) after “any of” insert “the amount of”....
20In regulation 9(2) after “Northern Ireland,” insert “the amount of”....

2024 No. 445

Companies

The Economic Crime and Corporate Transparency Act 2023 (Financial Penalty) Regulations 2024

Made

Coming into force

The Secretary of State makes the following Regulations in exercise of the powers conferred by sections 1132A(7) and 1292(1) and (2) of the Companies Act 20061 and sections 39(1) and (2) and 67(2) and (3) of the Economic Crime (Transparency and Enforcement) Act 20222.

In accordance with sections 1132A(7) and 1290 of the Companies Act 2006, and sections 39(7) and 67(4) of the Economic Crime (Transparency and Enforcement) Act 2022, a draft of these Regulations has been laid before Parliament and approved by a resolution of each House of Parliament.