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- Original (As enacted)
There are currently no known outstanding effects for the Economic Crime and Corporate Transparency Act 2023.
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Registration of directors, secretaries and persons with significant control
Promoting the integrity of the register
CHAPTER 1 Limited partnerships etc.
Dissolution, winding up and sequestration
129.Dissolution and winding up: modifications of general law
130.Dissolution by the court when a partner has a mental disorder
131.Winding up limited partnerships on grounds of public interest
134.Winding up of limited partnerships: concurrent proceedings
135.Sequestration of limited partnerships: concurrent winding up proceedings
The registrar's role relating to dissolution, revival and deregistration
Disclosures to prevent, detect or investigate economic crime etc
Attributing criminal liability for economic crimes to certain bodies
Regulatory and investigatory powers
207.Law Society: powers to fine in cases relating to economic crime
208.Scottish Solicitors’ Discipline Tribunal: powers to fine in cases relating to economic crime
209.Regulators of legal services: objective relating to economic crime
210.Approved regulators: information powers relating to economic crime
SCHEDULES
Register of members: consequential amendments
2.In section 112 (the members of a company), omit subsection...
3.(1) Section 127 (register to be evidence) is amended as...
4.In section 129 (overseas branch registers), omit subsection (6).
6.In section 311 (contents of notices of meetings), in subsection...
7.In section 360B (traded companies: requirements for participating in and...
8.In section 554 (registration of allotment), omit subsection (2A).
9.In section 558 (when shares are allotted), omit the words...
10.In section 588 (liability of subsequent holders of shares), in...
11.In section 605 (liability of subsequent holders of shares), in...
12.In section 616 (interpretation of Chapter 7), in subsection (3),...
13.In section 655 (shares no bar to damages against company),...
14.In section 724 (Treasury shares), in subsection (4), omit the...
15.In section 770 (registration of transfer), omit subsection (3).
16.In section 771 (procedure on transfer being lodged), omit subsection...
17.In section 772 (transfer of shares on application of transferor)—...
18.In section 786 (provision enabling or requiring arrangements to be...
19.In section 853B (duties to notify a relevant event), omit...
20.In section 853F (duty to deliver shareholder information: non-traded companies),...
21.In section 1028A (administrative restoration of company with share warrants),...
22.In section 1032A (restoration by court of company with share...
23.(1) Section 1081 (annotation of the register) is amended as...
24.In section 1136 (regulations about where certain company records to...
25.In Schedule 5 (communications by a company), in paragraph 16,...
Abolition of certain local registers
PART 3 Register of people with significant control
8.In section 790A (overview of Part)— (a) in paragraph (b),...
10.After section 790C insert— References to “confirmation” etc of information...
11.For sections 790D and 790E substitute— Duty to find out...
11.In section 790F (failure by company to comply with information...
12.For sections 790G and 790H substitute— Duty to notify company...
13.In section 790I (enforcement of disclosure requirements), for the words...
14.After section 790I insert— Power to impose further duties Power...
16.(1) Section 790K (required particulars) is amended as follows.
17.In section 790L (required particulars: power to amend), for subsection...
18.After section 790L insert— CHAPTER 2A Duty to notify registrar...
20.(1) Schedule 1B (enforcement of disclosure requirements in relation to...
PART 4 Consequential amendments
22.(1) Section 12 (statement of proposed officers) is amended as...
23.In section 12A (statement of initial significant control), for subsection...
24.(1) Section 95 (statement of proposed secretary) is amended as...
25.(1) Section 156 (direction requiring company to make appointment of...
26.In section 156B (power to provide for exceptions from requirement...
27.In section 156C (existing director who is not a natural...
29.In section 1079B (duty to notify directors), in subsections (1)(b)...
30.In section 1136 (regulations about where certain company records to...
31.In paragraph 4 of Schedule 5 (communications by a company)—...
32.In Schedule 8 (index of defined expressions), omit the entries...
Duty to deliver information about changes in beneficiaries
1.The Economic Crime (Transparency and Enforcement) Act 2022 is amended...
3.(1) Section 9 (application for removal) is amended as follows....
4.For section 12 substitute— Duty to take steps to obtain...
6.After section 17 insert— Exceptions to duty to provide change...
7.In section 43 (transitional information), after subsection (1) insert—
Overseas entities: further information for transitional cases
Cryptoassets: confiscation orders
3.(1) Section 47C (power to seize property) is amended as...
4.In section 47R (release of property), in subsection (3)(b), at...
6.In section 47L (further detention pending variation of restraint order),...
7.(1) Section 47M (further detention in other cases) is amended...
8.In section 47R (release of property), after subsection (5) insert—...
9.Property held by persons subject to confiscation orders: destruction, realisation etc
10.(1) Section 51 (powers of enforcement receiver) is amended as...
12.After section 67 insert— Cryptoassets (1) This section applies to cryptoassets which—
13.After section 67A insert— Destruction of seized cryptoassets (1) This section applies to cryptoassets which are held by...
14.(1) Section 67C (sections 67A and 67B: appeals) is amended...
15.In section 67D (proceeds of realisation), in subsection (1)(b), after...
16.For the italic heading before section 67, substitute “Enforcement: money,...
17.In section 69 (powers of court and receiver etc), after...
21.(1) Section 127C (power to seize property) is amended as...
22.In section 127Q (release of property), in subsection (3)(b), at...
24.In section 127L (further detention pending variation of restraint order),...
25.(1) Section 127M (further detention in other cases) is amended...
26.In section 127Q (release of property), after subsection (5) insert—...
27.Property held by persons subject to confiscation orders: destruction, realisation etc
29.After section 131ZA insert— Cryptoassets (1) This section applies to cryptoassets which—
30.After section 131A insert— Destruction of seized cryptoassets (1) This section applies to cryptoassets which are held by...
31.(1) Section 131C (sections 131A and 131B: appeals) is amended...
32.In section 131D (proceeds of realisation), in subsection (1)(b), after...
33.For the italic heading before section 131ZA, substitute “Enforcement: money,...
35.In section 132 (powers of court and administrator etc), after...
39.(1) Section 195C (power to seize property) is amended as...
40.In section 195R (release of property), in subsection (3)(b), at...
42.In section 195L (further detention pending variation of restraint order),...
43.(1) Section 195M (further detention in other cases) is amended...
44.In section 195R (release of property), after subsection (5) insert—...
45.Property held by persons subject to confiscation orders: destruction, realisation etc
46.(1) Section 199 (powers of enforcement receiver) is amended as...
48.After section 215 insert— Cryptoassets (1) This section applies to cryptoassets which—
49.After section 215A insert— Destruction of seized cryptoassets (1) This section applies to cryptoassets which are held by...
50.(1) Section 215C (sections 215A and 215B: appeals) is amended...
51.In section 215D (proceeds of realisation), in subsection (1)(b), after...
52.For the italic heading before section 215, substitute “Enforcement: money,...
53.In section 217 (powers of court and receiver etc), after...
PART 1 Amendments to the Anti-terrorism, Crime and Security Act 2001
5.An offence under any of the following provisions of the...
6.An offence under any of the following provisions of the...
7.An offence under the Forgery and Counterfeiting Act 1981 (forgery,...
9.An offence under section 46A of the Criminal Law (Consolidation)...
16.An offence under section 49 of the Criminal Justice and...
19.An offence under regulation 86 of the Money Laundering, Terrorist...
20.An offence under regulations made under section 49 of the...
22.(1) An offence under an instrument made under section 2(2)...
Criminal liability of bodies: economic crimes
5.An offence under any of the following provisions of the...
6.An offence under any of the following provisions of the...
7.An offence under the Forgery and Counterfeiting Act 1981 (forgery,...
9.An offence under section 46A of the Criminal Law (Consolidation)...
13.An offence under section 993 of the Companies Act 2006...
16.An offence under section 49 of the Criminal Justice and...
18.An offence under regulation 86 of the Money Laundering, Terrorist...
19.An offence under regulations made under section 49 of the...
20.(1) An offence under an instrument made under section 2(2)...
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