OpenLegislation

Paragraph 56

England and Wales

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

I1(1)

Securities are abandoned if the enforcement agent does not give the debtor or any co-owner notice under paragraph 49 (notice of disposal) within the permitted period.

F1(2)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

I2I3(3)

Regulations may prescribe other circumstances in which securities are abandoned.

Annotations

Textual amendments

F1

Sch. 12 para. 56(2) omitted (6.4.2014) by virtue of Crime and Courts Act 2013 (c. 22), ss. 25(7), 61(3); S.I. 2014/830, art. 2

Commencement

I1

Sch. 12 para. 56(1)(2) in force at 6.4.2014 by S.I. 2014/768, art. 2(1)(b)

I2

Sch. 12 para. 56(3) in force at 15.7.2013 for specified purposes by S.I. 2013/1739, art. 3(g)(xxix)

I3

Sch. 12 para. 56(3) in force at 6.4.2014 in so far as not already in force by S.I. 2014/768, art. 2(1)(b)

Notes on Schedule 12

Modifications

C1

Sch. 12 applied (prosp.) by Finance Act 2008 (c. 9), ss. 127(2), 129(4)

C2

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

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)

Notes on Part 2

Modifications

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