http://www.legislation.gov.uk/ukpga/2023/56/section/175Economic Crime and Corporate Transparency Act 2023enStatute Law Database2026-07-02Expert Participation2026-06-29 PART 3175In section 39 of the Economic Crime (Transparency and Enforcement) Act 2022 (financial penalties), in subsection (4)—afor paragraph (a) (but not the “and” at the end) substitute—ano financial penalty may be imposed under the regulations on a person in respect of conduct amounting to an offence if—iproceedings have been brought against the person for that offence in respect of that conduct and the proceedings are ongoing, oriithe person has been convicted of that offence in respect of that conduct,;bin paragraph (b), omit “or continued”.S. 175 in force at Royal Assent for specified purposes, see s. 219(1)(2)(b)S. 175 in force at 4.3.2024 in so far as not already in force by S.I. 2024/269, reg. 2(z58)