{
  "url": "https://openlegislation.uk/economic-crime-and-corporate-transparency-act-2023/schedule-8/paragraph-26",
  "json_url": "https://openlegislation.uk/economic-crime-and-corporate-transparency-act-2023/schedule-8/paragraph-26.json",
  "legislation": "ukpga/2023/56",
  "legislation_title": "Economic Crime and Corporate Transparency Act 2023",
  "legislation_url": "https://openlegislation.uk/economic-crime-and-corporate-transparency-act-2023",
  "path": "schedule/8/paragraph/26",
  "kind": "paragraph",
  "number": "26",
  "heading": "Detention and release of property",
  "text": "In section 127Q (release of property), after subsection (5) insert—\n“(6) If a cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, the appropriate officer may—\n(a) retain the item and deal with it as they see fit,\n(b) dispose of the item, or\n(c) destroy the item.\n(7) The powers in subsection (6) may be exercised only—\n(a) where the appropriate officer has taken reasonable steps to notify—\n(i) the person from whom the item was seized, and\n(ii) any other persons who the appropriate officer has reasonable grounds to believe have an interest in the item,\nthat the item has been released, and\n(b) with the approval of a senior officer.\n(8) “Senior officer” in subsection (7)(b) has the meaning given in section 127G(3).\n(9) Any proceeds of a disposal of the item are to be paid into the Scottish Consolidated Fund.”",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 8 para. 26 in force at Royal Assent for specified purposes, see s. 219(2)(b)(4)"
    },
    {
      "type": "I",
      "label": "I2",
      "text": "Sch. 8 para. 26 in force at 31.3.2026 in so far as not already in force by S.S.I. 2025/304, reg. 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2023/56/schedule/8/paragraph/26",
    "retrieved_at": "2026-10-29T08:49:37.581581+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}