The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 No. 1511

PART 2 Money Laundering Regulations

Amendment of Part 1: introduction

3.—(1) In regulation 3(1) (general interpretation)—

(a) after the definition of “appropriate body” insert—

““art market participant” has the meaning given by regulation 14(1)(d);”;

(b) after the definition of “credit institution” insert—

““cryptoasset exchange provider” has the meaning given by regulation 14A(1);

“custodian wallet provider” has the meaning given by regulation 14A(2);”;

(c) at the end of the definition of “fourth money laundering directive”, insert “, as amended by Directive 2018/843 of the European Parliament and of the Council of 30th May 2018(1);”;

(d) after the definition of “law enforcement authority” insert—

““letting agent” has the meaning given by regulation 13(3);”;

(e) for sub-paragraph (b) in the definition of “specified disclosure obligations” substitute—

“(b) disclosure requirements consistent with Articles 1(4) to (7), 3, 5 to 10, 13 to 19, 20(1), 21 and 23 of Regulation (EU) No 1129/2017 of the European Parliament and of the Council of 14th June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market(2);”.

(2) In regulation 7(1) (supervisory authorities)—

(a) in sub-paragraph (a), at the end insert—

“(viii) cryptoasset exchange providers;

(ix) custodian wallet providers;”;

(b) in sub-paragraph (c)(vii), after “estate agents” insert “and letting agents”;

(c) after sub-paragraph (c)(vii) insert—

“(viii) art market participants;”.

(1)

OJ L 156, 19.06.2018, p.43-74.

(2)

OJ L 168 30.06.2017, p.12-82.