Terrorist Asset-Freezing etc. Act 2010 (c. 38)

Part 2 U.K. Terrorist financing, money laundering etc.

Directions in particular cases U.K.

49 Directions in relation to subsidiaries U.K.

(1) Paragraph 9 of Schedule 7 to the Counter-Terrorism Act 2008 (requirements that may be imposed by a direction) is amended as follows.

(2) In sub-paragraph (1), after paragraph (c), insert—

“(d) a company that is a subsidiary of a company within paragraph (a) or (c).”

(3) After sub-paragraph (6) insert—

“(7) In this paragraph “subsidiary” has the meaning given by section 1159 of the Companies Act 2006 (and “company” has the same meaning as in that section).”