Section 173 Enforcement of requirement to register: updated language about penalties etcI1I2
United Kingdom
(1)
The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows.
(2)
In section 34 (power to require overseas entity to register if it owns certain land)—
(a)
in subsection (4)(a), for “the maximum summary term for either-way offences” substitute “a term not exceeding the general limit in a magistrates’ court”;
(b)
omit subsection (5).
(3)
In section 36 (meaning of “daily default fine”) after “applies for” insert “the”.
Annotations
Commencement
- I1
S. 173 in force at Royal Assent for specified purposes, see s. 219(1)(2)(b)
- I2
S. 173 in force at 4.3.2024 in so far as not already in force by S.I. 2024/269, reg. 2(z57)