# Economic Crime and Corporate Transparency Act 2023, Section 193: Other defined terms in sections 188 to 191

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

(1) In sections 188 to 191—
“cryptoasset exchange provider” has the meaning given by paragraph 1(12)(a) of Schedule 9 to the Proceeds of Crime Act 2002;
“custodial wallet provider” has the meaning given by paragraph 1(12)(b) of Schedule 9 to the Proceeds of Crime Act 2002;
“customer due diligence measures” has the meaning given by regulation 3(1) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (S.I. 2017/692);
“the data protection legislation” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);
“deposit-taking body” means—
(a)a business which engages in the activity of accepting deposits, or
(b)the National Savings Bank;
“economic crime” means an act which—
(a)constitutes an offence listed in Schedule 11 (“a listed offence”),
(b)constitutes an attempt or conspiracy to commit a listed offence,
(c)constitutes an offence—
(i)under Part 2 of the Serious Crime Act 2007 (England and Wales and Northern Ireland: encouraging or assisting crime) in relation to a listed offence, or
(ii)under the law of Scotland of inciting the commission of a listed offence,
(d)constitutes aiding, abetting, counselling or procuring the commission of a listed offence, or
(e)would constitute a listed offence or an offence specified in paragraph (b), (c) or (d) if done in the United Kingdom;
“electronic money institution” has the same meaning as in the Electronic Money Regulations 2011 (S.I. 2011/99) (see regulation 2 of those Regulations);
“enactment” includes—
(a)an enactment contained in subordinate legislation (as defined in section 21 of the Interpretation Act 1978);
(b)an enactment contained in, or in an instrument made under, a Measure or Act of Senedd Cymru;
(c)an enactment contained in, or in an instrument made under, an Act of the Scottish Parliament;
(d)an enactment contained in, or in an instrument made under, Northern Ireland legislation;
(e)any retained direct EU legislation;
“financial year” means a period of 12 months ending with 31 March;
“payment institution” means an authorised payment institution or small payment institution (each as defined in regulation 2 of the Payment Services Regulations 2017 (S.I. 2017/752));
“personal data” and “processing” have the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);
“regulated sector”: see subsection (2);
“the UK GDPR” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act).
(2) Part 1 of Schedule 9 to the Proceeds of Crime Act 2002 has effect for the purpose of determining what is a business in the regulated sector.
(3) The Secretary of State may, by regulations, add an offence to or remove an offence from the list in Schedule 11.

---
Source: https://www.legislation.gov.uk/ukpga/2023/56/section/193 (the official version)
Page: https://openlegislation.uk/economic-crime-and-corporate-transparency-act-2023/section-193
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.