PART 5 Register of Overseas Entities Financial Penalties

Amendments to the Register of Overseas Entities (Penalties and Northern Ireland Dispositions) Regulations 2023

11.  For regulation 3(2) substitute—

“(2) No financial penalty may be imposed on a person in respect of conduct amounting to an offence if—

(a) proceedings have been brought against the person for that offence in respect of that conduct and the proceedings are ongoing; or

(b) the person has been convicted of that offence in respect of that conduct.”.