OpenLegislation

Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations bring into force on 31 March 2026 Part 2 of schedule 8 and section 179 (so far as it relates to that part) of the Economic Crime and Corporate Transparency Act 2023 (“the Act”).

Schedule 8 of the Act (as introduced by section 179) amends Part 3 of the Proceeds of Crime Act 2002 (c. 29) (“POCA”) (confiscation: Scotland) to extend the confiscation regime under POCA to cryptoassets.