Regulation 8 Application

United Kingdom

(1)

Parts 1 to 6 F1, 7A and 8 to 11 apply to the persons (“relevant persons”) acting in the course of business carried on by them in the United Kingdom, who—

(a)

are listed in paragraph (2); and

(b)

do not come within the exclusions set out in regulation 15.

(2)

The persons listed in this paragraph are—

(a)

credit institutions;

(b)

financial institutions;

(c)

auditors, insolvency practitioners, external accountants and tax advisers;

(d)

independent legal professionals;

(e)

trust or company service providers;

(f)

estate agents F2and letting agents;

(g)

high value dealers;

(h)

casinos;

F3(i)

art market participants;

(j)

cryptoasset exchange providers;

(k)

custodian wallet providers.

(3)

Regulations 3, 7, 9, 15, 17 to 21, 24, 25, 46, 47, 50 to 52, 65 to 82, 84, 86 to 93, 101, 102 and 106 apply to an auction platform acting in the course of business carried on by it in the United Kingdom, and such an auction platform is a relevant person for the purposes of those provisions.

F4(3A)

Regulation 29 applies to a customer provided with a pooled account (within the meaning of paragraph (10) of that regulation) by a relevant person.

(4)

The definitions in regulations 10 to 14 apply for the purposes of this regulation.

Annotations

Textual amendments

F1: Word in reg. 8(1) inserted (1.9.2023) by The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022 (S.I. 2022/860), regs. 1(3), 5(2)
F2: Words in reg. 8(2)(f) inserted (10.1.2020) by The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (S.I. 2019/1511), regs. 1(2), 4(1)(a)
F3: Reg. 8(2)(i)-(k) inserted (10.1.2020) by The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (S.I. 2019/1511), regs. 1(2), 4(1)(b)
F4: Reg. 8(3A) inserted (30.6.2026) by The Money Laundering and Terrorist Financing (Amendment) Regulations 2026 (S.I. 2026/621), regs. 1(2), 5