OpenLegislation

Paragraph 30 Appointment of management receiverI1I2

England and Wales

(1)

The Proceeds of Crime Act 2002 is amended as follows.

(2)

In section 48 (appointment of management receiver)—

(a)

after subsection (1) insert—

“(1A)

Subsection (2) also applies if—

(a)

a magistrates’ court has made a further detention order, and

(b)

an application is made to the Crown Court to proceed under subsection (2) by—

(i)

the prosecutor, or

(ii)

an accredited financial investigator.”;

(b)

in subsection (2), after “restraint order” insert “or (as the case may be) further detention order”;

(c)

after subsection (2) insert—

“(3)

For the purposes of this section and section 49, a “further detention order” is an order made in relation to property under section 47M (further detention of property detained under section 47J).”

(3)

In section 49 (powers of management receiver)—

(a)

in subsection (1), after “restraint order” insert “or (as the case may be) further detention order (referred to in this section as the “relevant order”)”;

(b)

in subsections (2), (5) and (6)(a), for “restraint order” substitute “relevant order”.

(4)

In section 63 (discharge and variation), in subsection (3)(a), after “section 40” insert “or 47B”.

Annotations

Commencement

I1

Sch. 21 para. 30 not in force at Royal Assent, see s. 255(1)

I2

Sch. 21 para. 30 in force at 29.6.2026 by S.I. 2026/689, reg. 2(1)(z12)