PART 3Register of overseas entities
Offences
I1I2173Enforcement of requirement to register: updated language about penalties etc
1
The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows.
2
In section 34 (power to require overseas entity to register if it owns certain land)—
a
in subsection (4)(a), for “the maximum summary term for either-way offences” substitute “a term not exceeding the general limit in a magistrates’ court”
;
b
omit subsection (5).
3
In section 36 (meaning of “daily default fine”) after “applies for” insert “the”
.