PART 1Proceeds of crime

CHAPTER 4Enforcement powers and related offences

Extension of powers

I2I320I1Financial Conduct Authority

1

The Proceeds of Crime Act 2002 is amended as follows.

2

In section 316 (civil recovery of the proceeds etc of unlawful conduct: general interpretation), in the definition of “enforcement authority” in subsection (1)—

a

in paragraph (a), after “means” insert “ the Financial Conduct Authority, ”;

b

in paragraph (c), after “means” insert “ the Financial Conduct Authority, ”.

3

Section 378 (appropriate officers and senior appropriate officers for purposes of investigations under Part 8) is amended in accordance with subsections (4) to (6).

4

In subsection (3) (as substituted by section 19 above), after paragraph (c) insert—

d

a Financial Conduct Authority officer.

5

In subsection (3ZA) (as inserted by that section), after paragraph (b) insert—

c

a senior Financial Conduct Authority officer.

6

After subsection (8) insert—

9

For the purposes of this Part—

a

“Financial Conduct Authority officer” means a member of staff of the Financial Conduct Authority;

b

“senior Financial Conduct Authority officer” means a Financial Conduct Authority officer who is not below such grade as is designated by the Treasury for those purposes.