Rule 9 Application for release of detained converted cryptoassets
An application for the release of detained converted cryptoassets under paragraph 10Z7DF(3) or paragraph 10Z7DK(2) of Schedule 1 must be made in writing and sent to the court before which the applicant wishes to make the application, and must specify the grounds on which it is made.
But if the applicant has been given a copy of an order under any of paragraph 10Z7DD(3) or (5) or 10Z7DE(3) or (5) of Schedule 1 in respect of the detained converted cryptoassets (“an order for further detention”), then the application must be sent to the court which sent the applicant the copy of that order.
The court must send copies of the application to the authorised officer who applied for the order for further detention.
The authorised officer who has been sent copies of the application under paragraph (3) must send a copy of the application to any other person to whom a copy of the most recent order under paragraph 10Z7DD(3) or (5) or 10Z7DE(3) or (5) of Schedule 1 has been given.
The court must fix a date for the hearing of the application, which, unless directed otherwise, must not be earlier than seven days from the date on which it is fixed, and must notify that date to the applicant and to the authorised officer who applied for the order for further detention.
The authorised officer who has been notified of the date fixed for the hearing of the application under paragraph (5) must notify that date to any other person to whom a copy of the most recent order under paragraph 10Z7DD(3) or (5) or 10Z7DE(3) or (5) of Schedule 1 has been given.
At the hearing of an application under paragraph 10Z7DF(3) or paragraph 10Z7DK(2) of Schedule 1 the court may, if it thinks fit, order that the application be heard with any other relevant proceedings in relation to the detained converted cryptoassets.
A direction under paragraph 10Z7DF(2) or an order under paragraph 10Z7DK(4) or (6) of Schedule 1 must provide for the release of the detained converted cryptoassets within seven days of the date of the making of the direction or order or such longer period as with the agreement of the applicant may be specified in the direction or order, except that the detained cryptoasset may not be released whilst paragraph 10Z7DF(7) of Schedule 1 applies.
The court must give copies of the direction or order to the applicant and to the authorised officer who applied for the order for further detention.
The authorised officer who has been given copies of the direction or order under paragraph (9) must give a copy of the direction or order to any other person to whom a copy of the most recent order under paragraph 10Z7DD(3) or (5) or 10Z7DE(3) or (5) of Schedule 1 has been given.