Watchtower/Law library/Economic Crime (Transparency and.../57 Streamlining process of making...
As last captured

Economic Crime (Transparency and Enforcement) Act 2022 · CHAPTER 2 Imposition of sanctions etc

57 Streamlining process of making sanctions regulations

s. 57 · in force: yes

Captured statutory text (L5)

57 Streamlining process of making sanctions regulations

(1)The Sanctions and Anti-Money Laundering Act 2018 (referred to in this Chapter as the “2018 Act”) is amended as follows.
(2)In section 1 (power to make sanctions regulations) omit subsection (4).
(3)Omit section 2 (additional requirements for regulations for a purpose within section 1(2)).
(4)In section 45 (revocation and amendment of regulations under section 1)—
(a)in subsection (2)—
(i)omit the “and” at the end of paragraph (a);
(ii)omit paragraph (b);
(b)omit subsections (3) to (5);
(c)in subsection (6) omit “, section 2”.
Full captured verbatim text
(1) The Sanctions and Anti-Money Laundering Act 2018 (referred to in this Chapter as the “2018 Act”) is amended as follows.

(2) In section 1 (power to make sanctions regulations) omit subsection (4).

(3) Omit section 2 (additional requirements for regulations for a purpose within section 1(2)).

(4) In section 45 (revocation and amendment of regulations under section 1)—

(a) in subsection (2)—

(i) omit the “and” at the end of paragraph (a);

(ii) omit paragraph (b);

(b) omit subsections (3) to (5);

(c) in subsection (6) omit “, section 2”.

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

Amends the 2018 Act to streamline the process of making sanctions regulations by removing certain procedural requirements.

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

Refers to

cross-reference internal_cite · s. 1

cross-reference internal_cite · s. 2

cross-reference internal_cite · s. 45

Referred to by

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Part summaries

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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
CHAPTER 2 Imposition of sanctions etc
Version
182e65dd10498ae86ea06030…
Content hash
sha256 847b4a82bb917103c54a3ce2…
Source
legislation.gov.uk/ukpga/2022/10