Paragraph 36 I1 I2 C1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. 12 para. 3(1) words inserted by Crime and Policing Act 2026 Sch. 21 para. 24(2)
Sch. 12 para. 19A(1)(e) substituted by Crime and Policing Act 2026 Sch. 21 para. 24(5)
Sch. 12 para. 17 word inserted by Crime and Policing Act 2026 Sch. 21 para. 24(3)
Sch. 12 para. 18ZA inserted by Crime and Policing Act 2026 Sch. 21 para. 24(4)

(1)

Before the end of the minimum period, the enforcement agent must—

(a)

make or obtain a valuation of the controlled goods in accordance with regulations;

(b)

give the debtor, and separately any co-owner, an opportunity to obtain an independent valuation of the goods.

(2)

In this paragraph “minimum period” means the period specified by regulations under—

(a)

paragraph 49, in the case of securities;

(b)

paragraph 39, in any other case.

Annotations

C1: Sch. 12 applied (6.4.2014) by Finance Act 2008 (c. 9), ss. 127(2), 129(4); S.I. 2014/906, arts. 2, 3

I1: Sch. 12 para. 36 in force at 15.7.2013 for specified purposes by S.I. 2013/1739, art. 3(g)(xviii)
I2: Sch. 12 para. 36 in force at 6.4.2014 in so far as not already in force by S.I. 2014/768, art. 2(1)(b)

C1: Sch. 12 applied (prosp.) by Finance Act 2008 (c. 9), ss. 127(2), 129(4)
C3: Sch. 12 applied by S.I. 2013/2605, art. 21K(1) (as inserted (12.11.2018) by The Proceeds of Crime Act 2002 (External Investigations and External Orders and Requests) (Amendment) Order 2018 (S.I. 2018/1078), arts. 1(2), 8)
C4: Sch. 12 applied by S.I. 2014/1893, art. 34K(1) (as inserted (12.11.2018) by The Proceeds of Crime Act 2002 (External Investigations and External Orders and Requests) (Amendment) Order 2018 (S.I. 2018/1078), arts. 1(2), 20)