Article 442 Meaning of references to “supervisory authorities” in the 1993 RegulationsI1

United Kingdom

(1)

In paragraph (2) of regulation 15 of the Money Laundering Regulations 1993 (supervisory authorities)—

(a)

sub-paragraphs (b), (c), (d), (f), (g), (l), (m), (n), (o) and (p) are revoked, and

(b)

for sub-paragraph (e) substitute—

“(e)

a designated professional body within the meaning of section 326(2) of the Financial Services and Markets Act 2000;”.

(2)

For paragraph (3) substitute—

“(3)

These Regulations apply to the Secretary of State and to the Treasury in the exercise, in relation to any person carrying on relevant financial business, of their respective functions under the enactments relating to companies or insolvency or under the Financial Services and Markets Act 2000.”.

Annotations

Commencement

I1: Art. 442 in force at 1.12.2001, see art. 1