{
  "url": "https://openlegislation.uk/payment-to-treasury-of-penalties-regulations-2013/note",
  "json_url": "https://openlegislation.uk/payment-to-treasury-of-penalties-regulations-2013/note.json",
  "legislation": "uksi/2013/429",
  "legislation_title": "The Payment to Treasury of Penalties Regulations 2013",
  "legislation_url": "https://openlegislation.uk/payment-to-treasury-of-penalties-regulations-2013",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations amend the following regulations to provide that the amounts received by the regulator by way of penalties imposed under the regulations is to be paid by the regulator to the Treasury–\nThe Money Laundering Regulations 2007;\nThe Transfer of Funds (Information on the Payer) Regulations 2007;\nThe Regulated Covered Bonds Regulations 2008;\nThe Payment Services Regulations 2009;\nThe Electronic Money Regulations 2011;\nThe Recognised Auction Platforms Regulations 2011;\nThe Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012.\nThese provisions reflect the provisions made by the Financial Services Act 2012 (c. 21) (see in particular section 109) in relation to the payment to the Treasury of penalties received by the regulators under the Financial Services and Markets Act 2000 (c.8).\nThe Treasury are to pay the sums received into the Consolidated Fund.\nThe amendments made to the Money Laundering Regulations 2007 relate to amounts received by the Financial Services Authority in the financial year beginning 1st April 2012. In the case of all other amendments, the amendments relate only to amounts received after 1st April 2013. This reflects the fact that no amount by way of penalties has been received or is expected to be received under the other regulations in the financial year beginning 1st April 2012.\nA full impact assessment of the effect that these Regulations will have on the costs of business and the voluntary sector is available from, Her Majesty’s Treasury, 1 Horse Guards Road, London SW1A 2HQ or on www.hm-treasury.gov.uk and is published alongside the Regulations on www.legislation.gov.uk.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2013/429/note",
    "retrieved_at": "2026-10-29T01:03:01.467482+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}