Sanctions and Anti-Money Laundering Act 2018 · SCHEDULE 2

7

Sch. 2 para. 7 · in force: yes

Captured statutory text (L5)

7

(1)Confer supervisory functions on the Financial Conduct Authority, the Commissioners for Her Majesty's Revenue and Customs and such other bodies as may be prescribed (“supervisory authorities”) in relation to relevant persons, including powers or duties to—

(a)collect information,

(b)give directions,

(c)issue guidance,

(d)approve individuals in their capacity as relevant persons or as owner of, or in positions of control over or responsibility in, relevant persons that are not individuals, and

(e)cooperate with other supervisory authorities or other prescribed persons.

(2)Make provision about the exercise of functions conferred on supervisory authorities under sub-paragraph (1).

Full captured verbatim text

(1) Confer supervisory functions on the Financial Conduct Authority, the Commissioners for Her Majesty's Revenue and Customs and such other bodies as may be prescribed (“supervisory authorities”) in relation to relevant persons, including powers or duties to—

(a) collect information,

(b) give directions,

(c) issue guidance,

(d) approve individuals in their capacity as relevant persons or as owner of, or in positions of control over or responsibility in, relevant persons that are not individuals, and

(e) cooperate with other supervisory authorities or other prescribed persons.

(2) Make provision about the exercise of functions conferred on supervisory authorities under sub-paragraph (1).

What this provision means

Model summary, checked against the text on the left.

Relevance to Signicat: 2/3 · detailed summary (L4) Status: not needed for a short provision · Stored artifact; current recipe verification unavailable

Regulations may confer supervisory functions on the FCA, HMRC, and other prescribed supervisory authorities.

Only the one-line summary above is stored for this provision; the text itself is the evidence.

Refers to

No captured references.

Referred to by

schedule ref schedule_ref · s. 49

schedule ref schedule_ref · s. 55

schedule ref schedule_ref · s. 57

Part summaries

0 of 0 parts have a verified summary.

L1 unavailable for current verification: the overall summary needs every part verified. Provisions and the verified summaries remain readable.

Verification findings (153)

synthesis coverage: missing/unverified L2 part-1-chapter-1

synthesis coverage: missing evaluation uk:ukpga/2018/13#section-1

synthesis coverage: missing evaluation uk:ukpga/2018/13#section-2

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synthesis coverage: missing evaluation uk:ukpga/2018/13#section-3A

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synthesis coverage: missing evaluation uk:ukpga/2018/13#section-9

synthesis coverage: missing evaluation uk:ukpga/2018/13#section-10

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synthesis coverage: missing evaluation uk:ukpga/2018/13#section-27

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synthesis coverage: missing/unverified L2 part-1-chapter-5

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synthesis coverage: missing/unverified L2 part-2

synthesis coverage: missing evaluation uk:ukpga/2018/13#section-49

synthesis coverage: missing evaluation uk:ukpga/2018/13#section-50

synthesis coverage: missing evaluation uk:ukpga/2018/13#section-51

synthesis coverage: missing/unverified L2 part-3

synthesis coverage: missing evaluation uk:ukpga/2018/13#section-52

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synthesis coverage: missing/unverified L2 schedule-1-part-1

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synthesis coverage: missing/unverified L2 schedule-2

synthesis coverage: missing evaluation uk:ukpga/2018/13#schedule-2-paragraph-1

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synthesis coverage: missing evaluation uk:ukpga/2018/13#schedule-2-paragraph-11

synthesis coverage: missing evaluation uk:ukpga/2018/13#schedule-2-paragraph-12

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synthesis coverage: missing evaluation uk:ukpga/2018/13#schedule-2-paragraph-14

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synthesis coverage: missing evaluation uk:ukpga/2018/13#schedule-2-paragraph-22A

synthesis coverage: missing evaluation uk:ukpga/2018/13#schedule-2-paragraph-23

synthesis coverage: missing evaluation uk:ukpga/2018/13#schedule-2-paragraph-24

synthesis coverage: missing/unverified L2 schedule-3-part-1

synthesis coverage: missing evaluation uk:ukpga/2018/13#schedule-3-paragraph-1

synthesis coverage: missing evaluation uk:ukpga/2018/13#schedule-3-paragraph-2

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synthesis coverage: missing/unverified L2 schedule-3-part-2

synthesis coverage: missing evaluation uk:ukpga/2018/13#schedule-3-paragraph-9

synthesis coverage: missing evaluation uk:ukpga/2018/13#schedule-3-paragraph-10

Instrument tier unavailable

Change history as published

S. 2 omitted (15.3.2022) by virtue of Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), ss. 57(3), 69(3)

S. 18 omitted (15.3.2022) by virtue of Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), ss. 63(1)(a), 69(3)

S. 24 omitted (15.3.2022) by virtue of Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), ss. 62(1)(a), 69(3)

S. 28 omitted (15.3.2022) by virtue of Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), ss. 62(1)(b), 69(3)

S. 30 omitted (15.3.2022) by virtue of Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), ss. 62(1)(c), 69(3)

S. 32 omitted (15.3.2022) by virtue of Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), ss. 63(1)(b), 69(3)

S. 46 omitted (15.3.2022) by virtue of Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), ss. 63(1)(c), 69(3)

S. 58 omitted (1.1.2024) by virtue of The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendment) Regulations 2023 (S.I. 2023/1424), reg. 1(2), Sch. para. 88(3)

Pending effects amendments not yet applied to this text

s. 49 modified by Financial Services and Markets Act 2023 s. 77(1)(2) · Effective date unknown · s. 49

Provenance

Every claim the system makes about this text is traceable to these identifiers.

Instrument: uk:ukpga/2018/13
Part: SCHEDULE 2
Version: bdd84c1dd9179d72500101d1…
Content hash: sha256 b70f11de2ffa736a15ab5b2d…
Source: legislation.gov.uk/ukpga/2018/13