# Economic Crime and Corporate Transparency Act 2023, Paragraph 24: Detention and release of property

Extent: E+W+S+N.I.

In section 127L (further detention pending variation of restraint order), after subsection (3) insert—
“(4) Exempt property seized under section 127C(5A) may be detained under subsections (2) and (3) only with the approval of a senior officer.
(5) In subsection (4)—
“exempt property” has the meaning given in section 127C(4) (reading references there to the accused as references to the person by whom the property is held);
“senior officer” has the meaning given in section 127G(3) (and for this purpose, the powers under subsections (2) and (3) to detain property are to be treated as exercised by the appropriate officer who seized the property).”

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Source: https://www.legislation.gov.uk/ukpga/2023/56/schedule/8/paragraph/24 (the official version)
Page: https://openlegislation.uk/economic-crime-and-corporate-transparency-act-2023/schedule-8/paragraph-24
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.