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The Economic Crime (Transparency and Enforcement) Act 2022 (Commencement No. 4) Regulations 2022

S.I. 2022/1039 · Made 12 October 2022

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Companies

Made 12th October 2022

The Secretary of State makes these Regulations in exercise of the powers conferred by section 69(1) and (6) of the Economic Crime (Transparency and Enforcement) Act 2022f1.

Annotations to the whole text

Footnotes

f1

2022 c. 10.

Contents

  1. 1Citation, extent and interpretation
  2. 2Provisions coming into force on 12th October 2022
  3. 3Provisions coming into force on 16th January 2023
  4. Signature
  5. Explanatory note

1Citation, extent and interpretation

(1)

These Regulations may be cited as the Economic Crime (Transparency and Enforcement) Act 2022 (Commencement No. 4) Regulations 2022.

(2)

These Regulations extend to England and Wales, Scotland and Northern Ireland.

(3)

In these Regulations, “the Act” means the Economic Crime (Transparency and Enforcement) Act 2022.

2Provisions coming into force on 12th October 2022

The following provisions of the Act, so far as not already in force, come into force for all purposes on 12th October 2022—

(a)

Part 1, except for sections 7 and 8; and

(b)

Schedules 1 to 5.

3Provisions coming into force on 16th January 2023

The following provisions of the Act come into force on 16th January 2023—

(a)

section 7 (updating duty);

(b)

section 8 (failure to comply with updating duty).

Signature

Callanan

Parliamentary Under Secretary of State

Department of Business, Energy and Industrial Strategy

12th October 2022

Explanatory note

(This note is not part of the Regulations)

These Regulations bring into force on 12th October 2022 the provisions of Part 1 (aside from sections 7 and 8) of, and the Schedules to, the Economic Crime (Transparency and Enforcement) Act 2022 (c. 10) (“the Act”) that are not already in force. These regulations also bring sections 7 and 8 of the Act into force on 16th January 2023.

An impact assessment has not been published for these Regulations as they have no impact on costs for business, the public or voluntary sector independent of the provisions these Regulations bring into force. Full impact assessments have been published in relation to the Act and copies of the impact assessment relating to the Register of Overseas Entities can be obtained from https://www.legislation.gov.uk/ukpga/2022/10/pdfs/ukpgaod_20220010_en.pdf. A hard copy can be obtained by writing to the Department for Business, Energy and Industrial Strategy at 1 Victoria Street, London, SW1H 0ET, United Kingdom.