# Economic Crime and Corporate Transparency Act 2023, Paragraph 53: Property held by persons subject to confiscation orders: destruction, realisation etc

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

In section 217 (powers of court and receiver etc), after subsection (2) insert—
“(2A) Subsection (2)(a) does not apply to—
(a) the power conferred on a court by paragraph (e) of section 199(2) (which enables the court to give a receiver the power to destroy cryptoassets),
(b) a power conferred on a receiver by virtue of that paragraph, or
(c) the power conferred on a magistrates’ court by section 215AA (power to order destruction of cryptoassets).”

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Source: https://www.legislation.gov.uk/ukpga/2023/56/schedule/8/paragraph/53 (the official version)
Page: https://openlegislation.uk/economic-crime-and-corporate-transparency-act-2023/schedule-8/paragraph-53
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.