Paragraph 10A F1

(1)

In this Part of this Schedule, a “listed asset” means an item of property that falls within one of the following descriptions of property—

(a)

precious metals;

(b)

precious stones;

(c)

watches;

(d)

artistic works;

(e)

face-value vouchers;

(f)

postage stamps.

(2)

The Secretary of State may by regulations made by statutory instrument amend sub-paragraph (1)—

(a)

by removing a description of property;

(b)

by adding a description of tangible personal (or corporeal moveable) property.

(3)

A statutory instrument containing regulations under sub-paragraph (2) may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.

(4)

In this paragraph—

(a)

“precious metal” means gold, silver or platinum (whether in an unmanufactured or a manufactured state);

(b)

“artistic work” means a piece of work falling within section 4(1)(a) of the Copyright, Designs and Patents Act 1988;

(c)

“face-value voucher” means a voucher in physical form that represents a right to receive goods or services to the value of an amount stated on it.

Annotations

Textual amendments

F1: Sch. 1 Pt. 4A inserted (27.4.2017 for specified purposes, 30.1.2018 for the insertion of Sch. 1 para. 10G(9), 31.1.2018 in so far as not already in force) by Criminal Finances Act 2017 (c. 22), s. 58(1)(6), Sch. 3 para. 2; S.I. 2018/78, regs. 2(h), 3(cc)

Notes on Schedule 1

Textual amendments

F1: Word in Sch. 1 heading substituted (27.4.2017 for specified purposes, 31.1.2018 in so far as not already in force) by Criminal Finances Act 2017 (c. 22), s. 58(5)(6), Sch. 5 para. 16(2); S.I. 2018/78, reg. 5(1)(c)