The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 20178

1

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 201717 are amended as follows.

2

In regulation 3(1), after the definition of “trust or company service provider”, insert—

  • “UK auctioning regulations” means the Greenhouse Gas Emissions Trading Scheme Auctioning Regulations 2021;

3

In regulation 10—

a

in paragraphs (1) and (2)(c) and (d), after “the emission allowance auctioning regulation”, each time it appears, insert “or the UK auctioning regulations”;

b

in paragraph (2)(d), for “Article 2.1(j) of the markets in financial instruments directive” substitute “paragraph 1(k) of Part 1 of Schedule 3 to the Regulated Activities Order18”.

4

In regulation 14(1)(c), for “Article 3.4 and 3.5 of the emission allowance auctioning regulation”, substitute “regulation 2(1) of the UK auctioning regulations”.

5

In regulation 46(8)(a)—

a

in paragraph (i), for “Articles 19 and 20.6 of the emission allowance auctioning regulation” substitute “regulation 17 of the UK auctioning regulations”;

b

in paragraph (ii), for “Article 54 of that regulation”, substitute “regulation 37 of those Regulations”;

c

in paragraph (iii), for “Article 55.2 and 55.3 of that regulation” substitute “regulation 38(4) and (5) of those Regulations”.

6

In paragraph 1(c) of Schedule 6—

a

in paragraph (i), for “Article 19 or 20.6 of the emission allowance auctioning regulation” substitute “regulation 17 of the UK auctioning regulations”;

b

in paragraph (ii), for “Article 54 of the emission allowance auctioning regulation”, substitute “regulation 37 of the UK auctioning regulations”.