# Economic Crime and Corporate Transparency Act 2023, Section 173: Enforcement of requirement to register: updated language about penalties etc

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

(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”.

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Source: https://www.legislation.gov.uk/ukpga/2023/56/section/173 (the official version)
Page: https://openlegislation.uk/economic-crime-and-corporate-transparency-act-2023/section-173
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.