Regulation 38 Amendment of the Terrorism Act 2000

(1)

Schedule 3A (regulated sector and supervisory authorities) to the Terrorism Act 2000^f1 is amended as follows.

(2)

In paragraph 1—

(a)

in sub-paragraph (1)(c), after “long-term insurance” insert “other than a reinsurance contract”;

(b)

in sub-paragraph (1)(q), for “10,000 euros” substitute “£10,000”;

(c)

in sub-paragraph (1)(u), for “10,000 euros”, in both places, substitute “£10,000”;

(d)

in sub-paragraph (4), after paragraph (a), insert—

“(ab)

selling an off-the-shelf firm;”;

(e)

after sub-paragraph (4), insert—

“(4A)

For the purposes of sub-paragraph (4)(ab), an “off-the-shelf firm” means a firm that either—

(a)

does not carry on business; or

(b)

carries on business but such business is not the main activity carried on by the firm or sole practitioner selling the firm.”;

(f)

in sub-paragraph (6B), for “10,000 euros” substitute “£10,000”.

(3)

In paragraph 2—

(a)

in sub-paragraph (1)(c), for “or 40 to 49” substitute “, 40 to 49 or 58”;

(b)

in sub-paragraph (3)(b), for “1,000 euros” substitute “£1,000”.

Annotations

Footnotes

f1: 2000 c. 11. Schedule 3A was inserted by section 3 of the Anti-Terrorism, Crime and Security Act 2001 (c. 24). There are other amendments to paragraphs 1 and 2 but none are relevant.