Economic Crime (Transparency and Enforcement) Act 2022 · PART 3 Power to make further provision

14

Sch. 4 para. 14 · in force: yes

Captured statutory text (L5)

14

(1)The Secretary of State may by regulations make further or alternative provision for the purpose of requiring or encouraging an overseas entity that owns or holds a right or interest in or over land in Scotland, or enters into land transactions in Scotland, to register as an overseas entity.
(2)No regulations may be made under this paragraph after the end of the transitional period (within the meaning given by section 41(10)).
(3)Regulations under this paragraph may amend, repeal or revoke provision made by this Schedule, or any provision made by or under any other Act or Act of the Scottish Parliament, made—
(a)before this Act, or
(b)later in the same session of Parliament as this Act.
(4)The provision which may be made by regulations under this paragraph by virtue of section 67(3) includes (in addition to provision of the kind mentioned in sub-paragraph (3)) provision amending any other provision of this Part of this Act.
(5)The Secretary of State must consult the Scottish Ministers before making regulations under this paragraph that contain provision that would be within the legislative competence of the Scottish Parliament if contained in an Act of that Parliament.
(6)Regulations under this paragraph are subject to the affirmative resolution procedure.
Full captured verbatim text
(1) The Secretary of State may by regulations make further or alternative provision for the purpose of requiring or encouraging an overseas entity that owns or holds a right or interest in or over land in Scotland, or enters into land transactions in Scotland, to register as an overseas entity.

(2) No regulations may be made under this paragraph after the end of the transitional period (within the meaning given by section 41(10)).

(3) Regulations under this paragraph may amend, repeal or revoke provision made by this Schedule, or any provision made by or under any other Act or Act of the Scottish Parliament, made—

(a) before this Act, or

(b) later in the same session of Parliament as this Act.

(4) The provision which may be made by regulations under this paragraph by virtue of section 67(3) includes (in addition to provision of the kind mentioned in sub-paragraph (3)) provision amending any other provision of this Part of this Act.

(5) The Secretary of State must consult the Scottish Ministers before making regulations under this paragraph that contain provision that would be within the legislative competence of the Scottish Parliament if contained in an Act of that Parliament.

(6) Regulations under this paragraph are subject to the affirmative resolution procedure.

What this provision means

Model summary, checked against the text on the left.

Relevance to Signicat: 1/3 · detailed summary (L4) Status: not needed for a short provision · Stored artifact; current recipe verification unavailable

Secretary of State may make regulations encouraging or requiring Scottish landholding overseas entities to register, subject to time limits and consultation.

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

Refers to

cross-reference internal_cite · s. 41

cross-reference internal_cite · s. 67

Referred to by

schedule ref schedule_ref · Sch. 3 para. 3

schedule ref schedule_ref · Sch. 4 para. 9

schedule ref schedule_ref · Sch. 6 para. 1

schedule ref schedule_ref · s. 33

schedule ref schedule_ref · s. 41

schedule ref schedule_ref · s. 68

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 (173)

synthesis coverage: missing/unverified L2 part-1

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Instrument tier unavailable

Change history as published

S. 29 omitted (26.10.2023 for specified purposes, 4.3.2024 in so far as not already in force) by virtue of Economic Crime and Corporate Transparency Act 2023 (c. 56), ss. 170(1)(b), 219(1)(2)(b); S.I. 2024/269, reg. 2(z54)

S. 29A omitted (26.10.2023 for specified purposes, 4.3.2024 in so far as not already in force) by virtue of Economic Crime and Corporate Transparency Act 2023 (c. 56), ss. 170(1)(b), 219(1)(2)(b); S.I. 2024/269, reg. 2(z54)

Pending effects amendments not yet applied to this text

No captured pending effects.

Provenance

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

Instrument
uk:ukpga/2022/10
Part
PART 3 Power to make further provision
Version
182e65dd10498ae86ea06030…
Content hash
sha256 222b2c3dcc139c3a90c28a49…
Source
legislation.gov.uk/ukpga/2022/10