The Economic Crime and Corporate Transparency Act 2023 (Commencement No. 3) Regulations 2024
S.I. 2024/1108 · Made 5 November 2024 · Extends to United Kingdom
PROCEEDS OF CRIME, SCOTLAND
CRIMINAL LAW
Made 5th November 2024
The Secretary of State makes these Regulations in exercise of the powers conferred by section 219(1) and (9) of the Economic Crime and Corporate Transparency Act 2023f1.
The Secretary of State has consulted the Scottish Ministers in accordance with section 219(6) of that Act.
Annotations to the whole text
Footnotes
- f1
Contents
- 1Citation, extent and interpretation
- 2Commencement on 7th November 2024
- 3Commencement on 1st September 2025 Repealed
- Signature
- Explanatory note
1Citation, extent and interpretationI1
These Regulations may be cited as the Economic Crime and Corporate Transparency Act 2023 (Commencement No. 3) Regulations 2024.
These Regulations extend to England and Wales, Scotland and Northern Ireland except for regulation 2 which extends to Scotland.
In these Regulations, “the Act” means the Economic Crime and Corporate Transparency Act 2023.
2Commencement on 7th November 2024I1 S
Section 180 of, and Schedule 9 to, the Act (cryptoassets: civil recovery) come into force on 7th November 2024, so far as not already in force.
3Commencement on 1st September 2025F1
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Signature
Dan Jarvis
Minister of State
Home Office
5th November 2024
Explanatory note
(This note is not part of the Regulations)
These Regulations are the third commencement regulations made under the Economic Crime and Corporate Transparency Act 2023 (c. 56). Regulation 2 brings measures relating to civil recovery of cryptoassets, which are already in force in England and Wales and Northern Ireland but only partially in force in Scotland, fully into force on 7th November 2024. Regulation 3 brings measures creating a new offence of failing to prevent fraud fully into force in all of the United Kingdom on 1st September 2025.