Watchtower/Law library/Economic Crime (Transparency and.../63 Removal of reporting requirements
As last captured

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

63 Removal of reporting requirements

s. 63 · in force: yes

Captured statutory text (L5)

63 Removal of reporting requirements

(1)Omit the following provisions of the 2018 Act—
(a)section 18 (report in respect of offences in regulations);
(b)section 32 (periodic reports on exercise of power to make regulations under section 1);
(c)section 46 (report where regulations for a purpose within section 1(2) are amended).
(2)In section 57 of the 2018 Act (duties to lay certain reports before Parliament: further provision)—
(a)omit subsections (1) and (2);
(b)in subsection (3), for “a reporting provision” substitute “paragraph 21(2) of Schedule 2 (duty to lay report)”;
(c)in subsection (4), for “a reporting provision” substitute “paragraph 21(2) of Schedule 2”;
(d)in subsection (5), for “the reporting provision in question” substitute “paragraph 21(2) of Schedule 2”.
Full captured verbatim text
(1) Omit the following provisions of the 2018 Act—

(a) section 18 (report in respect of offences in regulations);

(b) section 32 (periodic reports on exercise of power to make regulations under section 1);

(c) section 46 (report where regulations for a purpose within section 1(2) are amended).

(2) In section 57 of the 2018 Act (duties to lay certain reports before Parliament: further provision)—

(a) omit subsections (1) and (2);

(b) in subsection (3), for “a reporting provision” substitute “paragraph 21(2) of Schedule 2 (duty to lay report)”;

(c) in subsection (4), for “a reporting provision” substitute “paragraph 21(2) of Schedule 2”;

(d) in subsection (5), for “the reporting provision in question” substitute “paragraph 21(2) of Schedule 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

Removes statutory reporting requirements in respect of offences and exercise of regulation-making powers under the 2018 Act.

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

Refers to

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Referred to by

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Part summaries

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Verification findings (173)

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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 5be9ea8c2d3a96615b8a0efa…
Source
legislation.gov.uk/ukpga/2022/10