The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017

Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009

— Regulation 23 — Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 In paragraph 2(6) of Schedule 3 (transitional and saving…

Conditions and restrictions on provision or further dissemination of relevant information

— Regulation 10 — Conditions and restrictions on provision or further dissemination of relevant information Where an obligation arises under this Schedule for…

Power to impose civil penalties: prohibitions on management

— Regulation 78 — Power to impose civil penalties: prohibitions on management Paragraph (2) applies if a designated supervisory authority considers that…

Modifications: Control over registered cryptoasset businesses registered before 25th October 2027

— Regulation 2 — Modifications: Control over registered cryptoasset businesses registered before 25th October 2027 The modifications specified in this…

["Regulation 20"]

Regulation 20 The plan trust of a share incentive plan which meets the requirements of Part 9 of Schedule 2 to the Income Tax (Earnings and Pensions) Act 2003.

Enhanced customer due diligence: credit institutions, financial institutions and correspondent relationships

— Regulation 34 — Enhanced customer due diligence: credit institutions, financial institutions and correspondent relationships A credit institution or…

Entry of premises under warrant

— Regulation 70 — Entry of premises under warrant A justice may issue a warrant under this regulation if satisfied on information given on oath (or in Scotland…

Exclusions

— Regulation 15 — Exclusions Parts 1 to 4, 6 and 8 to 11 do not apply to the following persons when carrying on any of the following activities— a registered…

Carrying on business in the United Kingdom

— Regulation 9 — Carrying on business in the United Kingdom For the purposes of these Regulations, a relevant person (“A”) is to be regarded as carrying on…

Terrorism Act 2000

— Regulation 4 — Terrorism Act 2000 The Terrorism Act 2000 is amended as follows. In section 21G (other permitted disclosures etc), in subsection (1)(a), for…

Borders, Citizenship and Immigration Act 2009

— Regulation 8 — Borders, Citizenship and Immigration Act 2009 In section 1 (general customs functions of the Secretary of State) of the Borders, Citizenship…

["Regulation 12"]

Regulation 12 An offence under section 112 (false representations or obtaining benefit) or 114 (offences relating to contributions) of the Social Security…

Terrorism Act 2000 (Crown Servants and Regulators) Regulations 2001

— Regulation 14 — Terrorism Act 2000 (Crown Servants and Regulators) Regulations 2001 In the meaning of “relevant business” in regulation 2 (interpretation) of…

["Regulation 11"]

Regulation 11 The requirements specified in this paragraph are those imposed in regulation 64(2) (obligations of payment service providers);

["Regulation 6"]

Regulation 6 An offence under the Customs and Excise Management Act 1979 .

["Regulation 2"]

Regulation 2 The condition in this paragraph is that the discrepancy, by its nature, and having regard to all the circumstances, may reasonably be considered—…

["Regulation 22"]

Regulation 22 An offence under the Commissioners for Revenue and Customs Act 2005 .

Modifications: Control over registered cryptoasset businesses registered before 25th October 2027

— Regulation 1 — Modifications: Control over registered cryptoasset businesses registered before 25th October 2027 Part 12 of FSMA (control over authorised…

Offences of prejudicing investigations

— Regulation 87 — Offences of prejudicing investigations This regulation applies if a person (“P”) knows or suspects that an appropriate officer is acting (or…

Transitional provision for existing cryptoasset businesses: requirement to register

— Regulation 56A — Transitional provision for existing cryptoasset businesses: requirement to register Regulation 56 does not apply to an existing cryptoasset…

The Commissioners: disciplinary measures (procedure)

— Regulation 83 — The Commissioners: disciplinary measures (procedure) When determining the type of sanction, and level of any penalty, to be imposed on a…

Policies, controls and procedures: group level

— Regulation 20 — Policies, controls and procedures: group level A relevant parent undertaking must— ensure that the policies, controls and procedures referred…

Proceedings: general

— Regulation 89 — Proceedings: general Proceedings for an offence under these Regulations may be instituted by— order of the Commissioners; a local weights and…

The FCA: procedure (general)

— Regulation 82 — The FCA: procedure (general) Sections 389 (notices of discontinuance), 390 (final notices) and 392 (application of sections 393 and 394) to…

Requests to other authorities

— Regulation 68 — Requests to other authorities This regulation applies if— documents or information which are reasonably required by a supervisory authority…

["Regulation 4"]

Regulation 4 An offence under section 11 of the European Communities Act 1972 (EU offences) .

Directions: cryptoasset businesses

— Regulation 74C — Directions: cryptoasset businesses The FCA may exercise its powers of direction under paragraph (5) or (6) in writing in relation to a…

Supervisory action

— Regulation 25 — Supervisory action The supervisory authority must determine whether the additional measures taken under regulation 20 (4) by a relevant…

Provision of information in response to external requests

— Regulation 7 — Provision of information in response to external requests Where the NCA has provided relevant information to a foreign FIU, and that foreign…

["Regulation 28"]

Regulation 28 An offence of cheating the public revenue.

Entry, inspection of premises without a warrant etc

— Regulation 69 — Entry, inspection of premises without a warrant etc Paragraph (2) applies where a duly authorised officer of (or acting on behalf of) a…

Legislative Trusts

— Regulation 1A — Legislative Trusts A trust which ceases to be an excluded trust under paragraph 1 of this Schedule where— the trust had been an excluded…

Provision of information and warrants: safeguards

— Regulation 72 — Provision of information and warrants: safeguards A person may not be required under regulation 66, 69 , 70, 74A or 74B to produce excluded…

["Regulation 8"]

Regulation 8 An offence under any of sections 1 to 5 of the Forgery and Counterfeiting Act 1981 (counterfeiting offences).

Trusts imposed by court order

— Regulation 2 — Trusts imposed by court order A trust created by, or in order to satisfy the terms of, an order of a court or tribunal.

Meaning of business relationship

— Regulation 4 — Meaning of business relationship For the purpose of these Regulations, “business relationship” means a business, professional or commercial…

Extensions of time

— Regulation 96 — Extensions of time If under this Chapter the Commissioners have offered a person (“P”) a review of a decision the Commissioners may within…

Interpretation

— Regulation 24 — Interpretation In this Schedule, “relevant supervised person” means— a relevant person; or a person who is subject to requirements in…

Application of this Part

— Regulation 64A — Application of this Part This Part applies in respect of a cryptoasset transfer which is not excluded by paragraph (2) or (3). This Part…

Economic Growth (Regulatory Functions) Order 2017

— Regulation 35 — Economic Growth (Regulatory Functions) Order 2017 In Part 1 of the Schedule to the Economic Growth (Regulatory Functions) Order 2017 , in the…

Electronic Money Regulations 2011

— Regulation 28 — Electronic Money Regulations 2011 The Electronic Money Regulations 2011 are amended as follows. In regulation 2 (1) (interpretation), in the…

Public authorities

— Regulation 23 — Public authorities A trust created for the purposes of enabling or assisting— a public authority, within the meaning of section 3(1) of the…

Duty to establish mechanism for requests

— Regulation 45A — Duty to establish mechanism for requests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Obligations of payment service providers

— Regulation 64 — Obligations of payment service providers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A payment service provider must…

Payment to Treasury of Penalties (Enforcement Costs) Order 2013

— Regulation 30 — Payment to Treasury of Penalties (Enforcement Costs) Order 2013 In regulation 2(1)(d) (enforcement of powers) of the Payment to Treasury of…

["Regulation 27"]

Regulation 27 An offence under section 45 (failure to prevent facilitation of UK tax evasion offences) or 46 (failure to prevent facilitation of foreign tax…

Co-operation

— Regulation 3 — Co-operation The NCA must take such steps as it considers appropriate to co-operate with foreign FIUs in their performance of FIU functions.

Requirement to cease transactions etc

— Regulation 31 — Requirement to cease transactions etc Where, in relation to any customer, a relevant person is unable to apply customer due diligence…

["Regulation 15"]

Regulation 15 The number of times the supervisory authority or any of its supervised persons has made a suspicious activity disclosure to the NCA, and for…

Disclosure by cryptoasset businesses

— Regulation 60A — Disclosure by cryptoasset businesses Paragraph (2) applies where— a cryptoasset exchange provider or custodian wallet provider (“cryptoasset…

Electronic money

— Regulation 38 — Electronic money Subject to paragraph (3), a relevant person is not required to apply customer due diligence measures in relation to…

Obligation of confidentiality: offence

— Regulation 52B — Obligation of confidentiality: offence Any person who discloses information in contravention of regulation 52A is guilty of an offence. A…

Interpretation

— Regulation 5 — Interpretation In this Schedule— “cryptoasset business” means a cryptoasset exchange provider or a custodian wallet provider; “cryptoasset…

Obligation of confidentiality

— Regulation 52A — Obligation of confidentiality No person working for a relevant supervisory authority, or acting on behalf of a relevant supervisory…

Determination of applications for registration under regulations 54 and 55

— Regulation 59 — Determination of applications for registration under regulations 54 and 55 Subject to regulation 58 and regulation 58A, the registering…

The United Kingdom’s financial intelligence unit

— Regulation 104A — The United Kingdom’s financial intelligence unit Schedule 6A makes provision in relation to the NCA in its capacity as the United Kingdom’s…

["Regulation 16"]

Regulation 16 An offence under the Data Protection Act 1998 .

Representation of the People (Scotland) Regulations 2001

— Regulation 16 — Representation of the People (Scotland) Regulations 2001 In regulation 113(3)(b) in the Representation of the People (Scotland) Regulations…

Provision of information in response to external requests

— Regulation 6 — Provision of information in response to external requests The NCA must designate at least one point of contact with responsibility for…

Criminal Justice and Police Act 2001

— Regulation 5 — Criminal Justice and Police Act 2001 In the Criminal Justice and Police Act 2001 — in section 68(2) (application to Scotland)— in paragraph…

Recovery of charges and penalties through the court

— Regulation 101 — Recovery of charges and penalties through the court Any charge or penalty imposed on a relevant person or on a payment service provider by…

["Regulation 17"]

Regulation 17 Information on the money laundering and terrorist financing practices that the supervisory authority considers apply to its own sector.

["Regulation 4"]

Regulation 4 In the case of a self-regulatory organisation, the number of applications for membership which the organisation has— received, rejected, and…

Publication: the FCA

— Regulation 84 — Publication: the FCA Where a warning notice is given by the FCA under regulation 81 (2), neither the FCA nor any person to whom it is given…

Trusts meeting legislative requirements

— Regulation 16 — Trusts meeting legislative requirements A trust holding property to which section 71A or 71D of the Inheritance Tax Act 1984 applies.

["Regulation 13"]

Regulation 13 The number and amount of penalties or charges which have been imposed under Part 9.

Provision of information in response to external requests

— Regulation 8 — Provision of information in response to external requests Where the NCA provides relevant information in response to an external request in…

["Regulation 1"]

Regulation 1 An offence under the Perjury Act 1911 .

Customer due diligence measures

— Regulation 28 — Customer due diligence measures This regulation applies when a relevant person is required by regulation 27 to apply customer due diligence…

Duties of transfer of funds supervisory authorities

— Regulation 63 — Duties of transfer of funds supervisory authorities A transfer of funds supervisory authority must— monitor effectively the payment service…

Central contact points: electronic money issuers and payment service providers

— Regulation 22 — Central contact points: electronic money issuers and payment service providers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Data Protection

— Regulation 41 — Data Protection Any personal data obtained by relevant persons for the purposes of these Regulations may only be processed for the purposes…

["Regulation 9"]

Regulation 9 In the case of a self-regulatory organisation, the number, amount and type of disciplinary measures it has imposed in relation to contraventions…

Power to impose civil penalties: fines and statements

— Regulation 76 — Power to impose civil penalties: fines and statements Paragraph

Meaning of “relevant requirement”

— Regulation 75 — Meaning of “relevant requirement” For the purposes of this Part, “relevant requirement” has the meaning given in Schedule 6.

Estate Agents (Undesirable Practices) (No 2) Order 1991

— Regulation 12 — Estate Agents (Undesirable Practices) (No 2) Order 1991 Schedule 3 (other matters) to the Estate Agents (Undesirable Practices) (No 2) Order…

High value dealers, casinos, auction platforms and art market participants

— Regulation 14 — High value dealers, casinos, auction platforms and art market participants In these Regulations— “high value dealer” means a firm or sole…

Insolvent bank customers

— Regulation 30ZA — Insolvent bank customers Subject to paragraphs (2) and (3), a credit institution may permit an insolvent bank customer to open an account…

Risk assessment by the Treasury

— Regulation 16A — Risk assessment by the Treasury The Treasury must make arrangements for a risk assessment to be undertaken to identify, assess, understand…

Retention of information with an inter-cryptoasset business transfer: intermediaries

— Regulation 64F — Retention of information with an inter-cryptoasset business transfer: intermediaries An intermediary cryptoasset business must— ensure that…

Proceeds of Crime Act 2002 (Failure to Disclose Money Laundering: Specified Training) Order 2003

— Regulation 20 — Proceeds of Crime Act 2002 (Failure to Disclose Money Laundering: Specified Training) Order 2003 In article 2 of the Proceeds of Crime Act…

Transfer of funds supervisory authorities

— Regulation 62 — Transfer of funds supervisory authorities The FCA is the transfer of funds supervisory authority for payment service providers, who are—…

Solicitors (Scotland) Act 1980

— Regulation 1 — Solicitors (Scotland) Act 1980 In section 34 of the Solicitors (Scotland) Act 1980 , after subsection (1C), insert— Rules made under this…

Risk assessment by the Treasury and Home Office

— Regulation 16 — Risk assessment by the Treasury and Home Office The Treasury and the Home Office must make arrangements before 26th June 2018 for a risk…

Meaning of beneficial owner: trusts, similar arrangements and others

— Regulation 6 — Meaning of beneficial owner: trusts, similar arrangements and others In these Regulations, “beneficial owner”, in relation to a trust, means…

Citation and commencement

— Regulation 1 — Citation and commencement These Regulations may be cited as the Money Laundering, Terrorist Financing and Transfer of Funds (Information on…

General exclusion

— Regulation 23A — General exclusion A trust which— does not hold any interest in land in the United Kingdom; does not hold assets of appreciable worth with a…

Reports to the National Crime Agency

— Regulation 2 — Reports to the National Crime Agency Where the NCA has, in its performance of FIU functions, disseminated any information to a United Kingdom…

Risk assessment by supervisory authorities

— Regulation 17 — Risk assessment by supervisory authorities Each supervisory authority must identify and assess the international and domestic risks of money…

Transfers between the United Kingdom and the Channel Islands and the Isle of Man

— Regulation 107 — Transfers between the United Kingdom and the Channel Islands and the Isle of Man In determining whether a person has failed to comply with…

Estate agents and letting agents

— Regulation 13 — Estate agents and letting agents In these Regulations, “estate agent” means a firm or a sole practitioner, who, or whose employees, carry out…

Conditions and restrictions on provision or further dissemination of relevant information

— Regulation 11 — Conditions and restrictions on provision or further dissemination of relevant information The NCA is not required to comply with the duty to…

Offer of review

— Regulation 94 — Offer of review The Commissioners must offer a person (“P”) a review of a decision that has been notified to P if an appeal lies under this…

["Regulation 15"]

Regulation 15 An offence under section 44(2) of the Criminal Law (Consolidation) (Scotland) Act 1995 (false statement and declarations) .

Annual reports by self-regulatory organisations

— Regulation 46A — Annual reports by self-regulatory organisations A self-regulatory organisation must publish or make arrangements to publish an annual report…

Register of beneficial ownership

— Regulation 45 — Register of beneficial ownership The Commissioners must maintain a register (“the register”) of— beneficial owners of taxable relevant…

Reporting requirements: cryptoasset businesses

— Regulation 74A — Reporting requirements: cryptoasset businesses Each cryptoasset exchange provider and custodian wallet provider (“cryptoasset business”)…

Access to requests and responses, guidance and review

— Regulation 45F — Access to requests and responses, guidance and review . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Independent legal professionals and trust or company service providers

— Regulation 12 — Independent legal professionals and trust or company service providers In these Regulations, “independent legal professional” means a firm or…

Costs of supervision

— Regulation 102 — Costs of supervision The FCA and the Commissioners may impose charges on— applicants for approval under Chapter 3 of Part 2; applicants for…

Missing or non-corresponding information: the cryptoasset business of a beneficiary

— Regulation 64D — Missing or non-corresponding information: the cryptoasset business of a beneficiary When a cryptoasset business of a beneficiary receives a…

Report by a skilled person: cryptoasset businesses

— Regulation 74B — Report by a skilled person: cryptoasset businesses This regulation applies where the FCA reasonably considers that a report by a skilled…

Information accompanying an inter-cryptoasset business transfer

— Regulation 64C — Information accompanying an inter-cryptoasset business transfer In respect of an inter-cryptoasset business transfer, the cryptoasset…

["Regulation 11"]

Regulation 11 The number of times the supervisory authority has exercised any powers under Part 8.

Payment Accounts Regulations 2015

— Regulation 33 — Payment Accounts Regulations 2015 In regulation 25(1)(b) of Part 4 (refusal of application) in the Payment Accounts Regulation 2015 for “the…

Revocation and saving provisions

— Regulation 110 — Revocation and saving provisions The old money laundering regulations and the old transfer of funds regulations are revoked. The old money…

Meaning of beneficial owner: bodies corporate or partnership

— Regulation 5 — Meaning of beneficial owner: bodies corporate or partnership In these Regulations, “beneficial owner”, in relation to a body corporate which…

Politically exposed persons: other duties

— Regulation 36 — Politically exposed persons: other duties The duty under section 30(1) of the Bank of England and Financial Services Act 2016 (duty to ensure…

Requests in support of other authorities

— Regulation 67 — Requests in support of other authorities On receiving a request to which paragraph

["Regulation 8"]

Regulation 8 The requirements specified in this paragraph are those imposed in— regulation 39(2) and (4) (reliance); regulation 40(1) and (5) to (7) (record…

Auditors and others

— Regulation 11 — Auditors and others In these Regulations— “auditor” means any firm or individual who is— a statutory auditor within the meaning of Part 42 of…

Power to require information

— Regulation 66 — Power to require information A supervisory authority may, by notice in writing to a person (“P”) who is (or was at any time) a relevant…

Customer due diligence

— Regulation 27 — Customer due diligence A relevant person must apply customer due diligence measures if the person— establishes a business relationship…

Payment Services Regulations 2009

— Regulation 24 — Payment Services Regulations 2009 The Payment Services Regulations 2009 are amended as follows. In regulation 2 (1) (interpretation) , in the…

["Regulation 10"]

Regulation 10 The number of times the supervisory authority has— refused to register an applicant for registration under regulation 59; or exercised any powers…

Commercial transactions

— Regulation 14 — Commercial transactions A trust created for the purpose of— enabling or facilitating a transaction effected for genuine commercial reasons…

General interpretation

— Regulation 3 — General interpretation In these Regulations— “Annex 1 financial institution” has the meaning given by regulation 55 (2); “appropriate body”…

Obligations on public authorities

— Regulation 103 — Obligations on public authorities The following bodies and persons must, if they know or suspect or have reasonable grounds for knowing or…

Policies, controls and procedures in relation to proliferation financing

— Regulation 19A — Policies, controls and procedures in relation to proliferation financing A relevant person must— establish and maintain policies, controls…

Internal controls

— Regulation 21 — Internal controls Where appropriate with regard to the size and nature of its business, a relevant person must— appoint one individual who is…

["Regulation 10"]

Regulation 10 The requirements specified in this paragraph are those imposed in— regulation 56(1) and (5) (requirement to be registered); regulation 56B…

Trusts of insurance policies

— Regulation 4 — Trusts of insurance policies A trust of a life policy paying out only— on the death, terminal or critical illness, or permanent or temporary…

Offence by bodies corporate, partnership or unincorporated association

— Regulation 92 — Offence by bodies corporate, partnership or unincorporated association If an offence under this Part committed by a body corporate is shown—…

["Regulation 1"]

Regulation 1 The number of persons subject to the supervision of the supervisory authority, or in the case of a self-regulatory organisation, the number of its…

["Regulation 1"]

Regulation 1 A material discrepancy in this Schedule is one which satisfies the condition in paragraph 2, including one which is in a form listed in paragraph…

["Regulation 2"]

Regulation 2 The requirements specified in this paragraph are those imposed in— Article 4 (information accompanying transfers of funds); Article 5 (information…

["Regulation 18"]

Regulation 18 An offence under paragraph 7(2) or (3) of Schedule 3 to the Anti-Terrorism, Crime and Security Act 2001 (offences).

["Regulation 12"]

Regulation 12 The requirements specified in this paragraph are those imposed under— regulation 66 (power to require information); regulation 69(2) (entry…

Appeals against decisions of the Commissioners

— Regulation 99 — Appeals against decisions of the Commissioners A person may appeal to the tribunal in accordance with regulation 100 if the person is the…

Northern Ireland Act 1998

— Regulation 2 — Northern Ireland Act 1998 In Schedule 3 to the Northern Ireland Act 1998 (reserved matters) — in paragraph 25, for “the Money Laundering…

["Regulation 31"]

Regulation 31 The common law offences of conspiracy to defraud and perverting the course of justice.

Requirement on authorised person to inform the FCA

— Regulation 23 — Requirement on authorised person to inform the FCA An authorised person whose supervisory authority is the FCA must, before acting as a money…

Appeals against decisions of the FCA

— Regulation 93 — Appeals against decisions of the FCA A person may appeal to the Upper Tribunal a decision by the FCA under— regulation 25 (2), to issue a…

Regulatory information

— Regulation 51 — Regulatory information A supervisory authority within regulation 7 must collect such information as it considers necessary for the purpose of…

Interpretation

— Regulation 65 — Interpretation In this Part— “premises” means any building or other structure, including a moveable structure, other than premises used only…

Client money etc.

— Regulation 12 — Client money etc. A trust created by a relevant supervised person for the purpose of holding client money, securities or other assets, where…

Overseas Companies Regulations 2009

— Regulation 26 — Overseas Companies Regulations 2009 In paragraph 7(b) of Schedule 2 (disclosure to a credit reference agency) of the Overseas Companies…

Conditions and restrictions on provision or further dissemination of relevant information

— Regulation 9 — Conditions and restrictions on provision or further dissemination of relevant information The NCA may impose such restrictions and conditions…

["Regulation 3"]

Regulation 3 An offence under section 20BB of the Taxes Management Act 1970 (falsification of documents) .

Charitable trusts

— Regulation 5 — Charitable trusts A trust for charitable purposes which— in Scotland or Northern Ireland, is registered as a charity; or in England and Wales…

["Regulation 11"]

Regulation 11 An offence under section 1, 2, 3, 3ZA or 3A of the Computer Misuse Act 1990 (computer misuse offences).

Power to maintain registers

— Regulation 55 — Power to maintain registers The FCA may maintain a register of Annex 1 financial institutions. For the purposes of paragraph (1), an “Annex 1…

Disclosure by the Commissioners

— Regulation 105 — Disclosure by the Commissioners The Commissioners may disclose to the FCA information held in connection with their functions under these…

Trusts having effect on death

— Regulation 8 — Trusts having effect on death A trust where— the trust is holding only benefits received on the death of the person assured under a policy…

Injunctions

— Regulation 80 — Injunctions If, on the application of a designated supervisory authority, the court is satisfied— that there is a reasonable likelihood that…

["Regulation 14"]

Regulation 14 An offence under the Value Added Tax Act 1994 .

Powers of relevant officers

— Regulation 74 — Powers of relevant officers A relevant officer (“R”) may only exercise powers under this Part pursuant to arrangements made with the FCA or…

Bank of England and Financial Services Act 2016

— Regulation 11 — Bank of England and Financial Services Act 2016 In the Bank of England and Financial Services Act 2016— in the italic heading above section…

Review out of time

— Regulation 97 — Review out of time This regulation applies if— the Commissioners have offered a review of a decision under this Chapter to a person (“P”)…

["Regulation 30"]

Regulation 30 Any offence which has deception or dishonesty as one of its components.

["Regulation 33"]

Regulation 33 An offence under section 44 of the Serious Crime Act 2007 of doing an act capable of encouraging or assisting the commission of an offence…

Imposition of civil penalties

— Regulation 79 — Imposition of civil penalties Any one or more of the powers in regulations 76, 77 and 78 may be exercised by a designated supervisory…

Fit and proper test: cryptoasset businesses

— Regulation 58A — Fit and proper test: cryptoasset businesses The FCA must refuse to register an applicant (“A”) for registration in a register maintained…

Requirement to report discrepancies in registers

— Regulation 30A — Requirement to report discrepancies in registers Subject to paragraph (8A), before establishing a business relationship with— a company…

Corporate bodies: obligations

— Regulation 43 — Corporate bodies: obligations When a UK body corporate which is not listed on a regulated market enters into a relevant transaction with a…

["Regulation 9A"]

Regulation 9A A trust which ceases to be an excluded trust under paragraph 9 of this Schedule where— the sole reason for paragraph 9 ceasing to apply is the…

["Regulation 7"]

Regulation 7 The requirements specified in this paragraph are those imposed in— regulation 27 (customer due diligence); regulation 28 (customer due diligence…

Conditions and restrictions on provision or further dissemination of relevant information

— Regulation 12 — Conditions and restrictions on provision or further dissemination of relevant information The NCA must have particular regard— where making a…

Cancellation and suspension of registration in a register under regulation 54 or 55

— Regulation 60 — Cancellation and suspension of registration in a register under regulation 54 or 55 If paragraph (2) applies, the registering authority may…

Provision of information in response to external requests

— Regulation 4 — Provision of information in response to external requests In response to an external request, the NCA must (subject to paragraph 10) provide…

Interpretation

— Regulation 1 — Interpretation In this Schedule “external request” means a request to the NCA for information by a foreign FIU which may be relevant for the…

Co-ownership

— Regulation 9 — Co-ownership A trust of jointly held property where the trustees and the beneficiaries are the same persons.

Capital markets etc.

— Regulation 13 — Capital markets etc. A trust created for the purpose of enabling or facilitating an activity listed in points 2, 3, 6, 7 or 8 of ... Schedule…

["Regulation 21"]

Regulation 21 A trust created under a share option scheme that meets the requirements of Parts 2 to 7 of Schedule 3 to the Income Tax (Earnings and Pensions)…

["Regulation 32"]

Regulation 32 An offence of attempting, conspiring or inciting the commission of an offence specified in this Schedule.

The FCA: disciplinary measures (procedure)

— Regulation 81 — The FCA: disciplinary measures (procedure) When determining the type of sanction, and level of any penalty, to be imposed on a person (“P”)…

Prohibitions and approvals

— Regulation 26 — Prohibitions and approvals No person may be the beneficial owner, officer or manager of a firm within paragraph (2) (“a relevant firm”), or a…

Fit and proper test

— Regulation 58 — Fit and proper test The registering authority must refuse to register an applicant for registration in a register maintained under regulation…

Exception for trustees of debt issues

— Regulation 32 — Exception for trustees of debt issues A relevant person— who is appointed by the issuer of instruments or securities specified in paragraph…

Consequential amendments

— Regulation 109 — Consequential amendments Schedule 7 makes amendments relating to these Regulations.

["Regulation 23"]

Regulation 23 An offence under the Terrorism Act 2006 .

Interpretation

— Regulation 53 — Interpretation For the purposes of this Chapter— “registering authority” means— the FCA, in relation to— those relevant persons which it is…

Proceedings: jurisdiction

— Regulation 90 — Proceedings: jurisdiction Proceedings against any person for an offence under these Regulations may be taken before the appropriate court in…

Retention of documents taken under regulation 66 or 70

— Regulation 71 — Retention of documents taken under regulation 66 or 70 Any material possession of which is taken in accordance with a requirement under…

["Regulation 17"]

Regulation 17 An offence under the Terrorism Act 2000 .

Public Interest Disclosure (Prescribed Persons) Order (Northern Ireland) 1999

— Regulation 13 — Public Interest Disclosure (Prescribed Persons) Order (Northern Ireland) 1999 In the Schedule (description of persons and matters) to the…

Requests for information about accounts

and safe-deposit boxes — Requests for information about accounts — Regulation 45C — Requests for information about accounts…

Review by the Commissioners

— Regulation 95 — Review by the Commissioners The Commissioners must review a decision if— they have offered a review of the decision under this Chapter, and…

["Regulation 19"]

Regulation 19 The amount of human resource allocated by the supervisory authority to supervising the countering of money laundering and terrorist financing.

General restrictions

— Regulation 106 — General restrictions These Regulations do not authorise or require— a disclosure in contravention of the data protection legislation; or a…

Access to information on the register

— Regulation 45ZB — Access to information on the register The Commissioners must make the accessible information available to a person who demonstrates to the…

Criminal offence

— Regulation 86 — Criminal offence A person who contravenes a relevant requirement imposed on that person is guilty of an offence and liable— on summary…

Requests for information by the NCA to foreign FIUs

— Regulation 15 — Requests for information by the NCA to foreign FIUs Where the NCA makes a request to a foreign FIU for information which the NCA considers…

Review

— Regulation 108 — Review The Treasury must from time to time— carry out a review of the regulatory provision contained in these Regulations; and publish a…

["Regulation 34"]

Regulation 34 An offence of aiding, abetting, counselling or procuring the commission of an offence specified in this Schedule.

Provision of information in response to external requests

— Regulation 5 — Provision of information in response to external requests Where an external request is received and the NCA does not possess information which…

["Regulation 29"]

Regulation 29 An offence under the law of any part of the United Kingdom consisting of being knowingly concerned in, or in taking steps with a view to, the…

["Regulation 11A"]

Regulation 11A The requirements specified in this paragraph are those imposed in— regulation 64C (information accompanying an inter-cryptoasset business…

Duty to co-operate

— Regulation 50 — Duty to co-operate A supervisory authority must take such steps as it considers appropriate— to co-operate with other supervisory…

Register of beneficial ownership: additional types of trust

— Regulation 45ZA — Register of beneficial ownership: additional types of trust In relation to trusts which are— type A trusts, other than taxable relevant…

Public Interest Disclosure (Prescribed Persons) Order 2014

— Regulation 31 — Public Interest Disclosure (Prescribed Persons) Order 2014 In the Schedule (description of persons and matters) to the Public Interest…

Representation of the People (England and Wales) Regulations 2001

— Regulation 15 — Representation of the People (England and Wales) Regulations 2001 In regulation 114(3)(b) in the Representation of the People (England and…

Bank accounts for minors etc

— Regulation 6A — Bank accounts for minors etc A trust which is created as a requirement of opening a relevant account for the sole benefit of— a person under…

Individuals

— Regulation 4 — Individuals If the relevant person or payment service provider is an individual, any person who is or has been an employee or agent of that…

Reliance

and Record-keeping — Reliance — Regulation 39 — Reliance A relevant person may rely on a person who falls within paragraph (3) (“the third party”) to apply any…

Nature of review etc

— Regulation 98 — Nature of review etc This regulation applies if the Commissioners are required to undertake a review under regulation 95 or 97. The nature…

["Regulation 14"]

Regulation 14 The number of times the supervisory authority has exercised the other powers under Part 9.

Requests for information about safe-deposit boxes

— Regulation 45D — Requests for information about safe-deposit boxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Record keeping

— Regulation 45G — Record keeping . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

["Regulation 15A"]

Regulation 15A A copy of any suspicious activity disclosure (within the meaning given in regulation 104(4)) the supervisory authority or any of its supervised…

["Regulation 6"]

Regulation 6 The requirements specified in this paragraph are those imposed in regulation 26(1), (4), (5) and (10) (prohibition and approvals).

["Regulation 3"]

Regulation 3 The requirements specified in this paragraph are those imposed in— Article 7 (detection of missing information on the payer or the payee); Article…

Legislative Trusts

— Regulation 1 — Legislative Trusts A trust imposed or required by an enactment.

Register of People with Significant Control Regulations 2016

— Regulation 34 — Register of People with Significant Control Regulations 2016 In paragraph 8(b) of Schedule 4 (disclosure to a credit reference agency) of the…

Application of simplified customer due diligence

— Regulation 37 — Application of simplified customer due diligence A relevant person may apply simplified customer due diligence measures in relation to a…

["Regulation 17"]

Regulation 17 A trust of property in respect of which a direction under paragraph 1 of Schedule 4 to the Inheritance Tax Act 1984 has effect.

Duties of self-regulatory organisations

— Regulation 49 — Duties of self-regulatory organisations Self-regulatory organisations must make arrangements to ensure that— their supervisory functions are…

["Regulation 25"]

Regulation 25 An offence under section 45 of the Serious Crime Act 2015 (offence of participating in activities of organised crime gang).

Revocation of survivorship destination trusts

— Regulation 9B — Revocation of survivorship destination trusts A trust created under a deed or instrument which— revokes a survivorship destination in respect…

Unincorporated Associations

— Regulation 3 — Unincorporated Associations If the relevant person or payment service provider is an unincorporated association of persons which is not a…

Application

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

Open-Ended Investment Companies Regulations 2001

— Regulation 18 — Open-Ended Investment Companies Regulations 2001 Regulation 48 (bearer shares) of the Open-Ended Investment Companies Regulations 2001 is…

Crime and Courts Act 2013

— Regulation 9 — Crime and Courts Act 2013 In Schedule 17 (offences in relation to which a deferred prosecution arrangement may be entered into) to the Crime…

Terrorism Act 2000 and Proceeds of Crime Act 2002 (Business in the Regulated Sector) (No 2) Order 2012

— Regulation 29 — Terrorism Act 2000 and Proceeds of Crime Act 2002 (Business in the Regulated Sector) (No 2) Order 2012 Regulation 4 (review) of the Terrorism…

Interpretation

— Regulation 64B — Interpretation In this Part— “batch file transfer” means a bundle of individual inter-cryptoasset business transfers from a single…

["Regulation 6"]

Regulation 6 The number of firms subject to the supervision of the supervisory authority which the authority considers to be— high risk; medium risk; low risk…

Legislative and Regulatory Reform (Regulatory Functions) Order 2007

— Regulation 21 — Legislative and Regulatory Reform (Regulatory Functions) Order 2007 Part 1 of the Schedule to the Legislative and Regulatory Reform…

Trusts having effect on death

— Regulation 7 — Trusts having effect on death A trust effected by will where— the trust is holding only the property comprised in a person’s estate on death…

["Regulation 13"]

Regulation 13 An offence under section 52 of the Criminal Justice Act 1993 (the offence of insider dealing).

Requests for information by the NCA to foreign FIUs

— Regulation 14 — Requests for information by the NCA to foreign FIUs The NCA must address a request for the information to the foreign FIU in the state in…

["Regulation 24"]

Regulation 24 An offence under section 1, 2, 6 or 7 of the Bribery Act 2010 (bribery).

Supervisory authorities

— Regulation 7 — Supervisory authorities Subject to paragraph (2), the following bodies are supervisory authorities in relation to relevant persons— the FCA is…

Financial markets infrastructure

— Regulation 10 — Financial markets infrastructure A trust— created under, or for the purpose of, the default arrangements of a designated system or of the…

["Regulation 10"]

Regulation 10 An offence under section 11(1) (undischarged bankrupts) or 13 (criminal penalties) of the Company Directors Disqualification Act 1986 .

Companies (Disclosure of Address) Regulations 2009

— Regulation 25 — Companies (Disclosure of Address) Regulations 2009 In paragraph 7(b) of Schedule 2 (disclosure to a credit reference agency) of the Companies…

["Regulation 2"]

Regulation 2 The number of supervised persons who are individuals.

Pension scheme trusts

— Regulation 3 — Pension scheme trusts A trust holding sums or assets of a pension scheme which is a registered pension scheme for the purposes of Part 4 of…

Additional customer due diligence measures: credit institutions and financial institutions

— Regulation 29 — Additional customer due diligence measures: credit institutions and financial institutions This regulation applies in addition to regulation…

["Regulation 22"]

Regulation 22 A trust holding property for a beneficiary who is a disabled person within the meaning given by Schedule 1A to the Finance Act 2005.

["Regulation 16"]

Regulation 16 The number of supervised persons who have contravened requirements imposed by or under— Part 3 of the Terrorism Act 2000 (terrorist property)…

Proceedings: partnership or unincorporated association

— Regulation 91 — Proceedings: partnership or unincorporated association Proceedings for an offence alleged to have been committed by— a partnership must be…

Policies, controls and procedures

— Regulation 19 — Policies, controls and procedures A relevant person must— establish and maintain policies, controls and procedures to mitigate and manage…

Financial Services and Markets Act 2000 (Regulated Activities) Order 2001

— Regulation 17 — Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 In article 72E(9) in the Financial Services and Markets Act 2000…

Requirement that cryptoasset firms acting as cryptoasset exchange providers or custodian wallet providers inform the FCA

— Regulation 56B — Requirement that cryptoasset firms acting as cryptoasset exchange providers or custodian wallet providers inform the FCA An authorised…

["Regulation 5"]

Regulation 5 The requirements specified in this paragraph are those— imposed in— regulation 18 (risk assessment by relevant persons); regulation 18A (risk…

["Regulation 12"]

Regulation 12 The number of contraventions of these Regulations committed by supervised persons.

Trusts having effect on death

— Regulation 8A — Trusts having effect on death A trust created under a deed or instrument which— varies any of the dispositions of property comprised in a…

Duty to maintain registers of certain relevant persons

— Regulation 54 — Duty to maintain registers of certain relevant persons The FCA must maintain a register of those relevant persons who— are authorised…

Duty to respond to requests for information

— Regulation 45B — Duty to respond to requests for information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Application of this Part

— Regulation 42 — Application of this Part This Part applies to UK bodies corporate and relevant trusts. For the purposes of this Part— a “UK body corporate”…

Defence and Security Public Contracts Regulations 2011

— Regulation 27 — Defence and Security Public Contracts Regulations 2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

["Regulation 9A"]

Regulation 9A The requirements specified in this paragraph are those imposed in regulation 45B (duty to respond to requests for information) and 45G(1) and (3)…

["Regulation 9"]

Regulation 9 An offence under section 35 of the Administration of Justice Act 1985 (penalty for pretending to be a licensed conveyancer or recognised body) .

["Regulation 3"]

Regulation 3 Discrepancies listed in this paragraph are in the form of— a difference in name; an incorrect entry for nature of control; an incorrect entry for…

Modifications: Control over registered cryptoasset businesses registered on and after 25 October 2027

— Regulation 3 — Modifications: Control over registered cryptoasset businesses registered on and after 25 October 2027 Part 12 of FSMA (control over authorised…

["Regulation 18"]

Regulation 18 A trust of funds derived from a payment— made for the benefit of a person in consequence of a personal injury to that person, and disregarded…

["Regulation 20"]

Regulation 20 An offence under section 35 of the Tax Credits Act 2002 (offence of fraud).

Pilot trusts

— Regulation 6 — Pilot trusts A trust which— holds property with a value not exceeding £100, and was created before the date on which regulation 42(2)(iii) of…

Registration of assets

— Regulation 15 — Registration of assets A trust created on the transfer or disposal of an asset where the purpose of the trust is to hold the legal title to…

["Regulation 5"]

Regulation 5 An offence under Article 10 of the Perjury (Northern Ireland) Order 1979 (false statutory declarations and other false unsworn statements) .

Professional services

— Regulation 11 — Professional services A trust created for the purpose of enabling or facilitating the holding of sums, assets or (in the case of…

["Regulation 27A"]

Regulation 27A An offence under the Data Protection Act 2018, apart from an offence under section 173 of that Act.

["Regulation 7"]

Regulation 7 An offence under the Estate Agency Act 1979, or specified for the purposes of section 3 of that Act in the Estate Agents (Specified Offences) (No…

Trustee obligations

— Regulation 44 — Trustee obligations The trustees of a relevant trust must maintain accurate and up-to-date records in writing of all the beneficial owners of…

Obligation to apply enhanced customer due diligence

— Regulation 33 — Obligation to apply enhanced customer due diligence A relevant person must apply enhanced customer due diligence measures and enhanced…

Information offences

— Regulation 88 — Information offences A person (“P”) commits an offence if, in purported compliance with a requirement imposed on P by or under these…

Credit institutions and financial institutions

— Regulation 10 — Credit institutions and financial institutions In these Regulations, “credit institution” means— a credit institution as defined in Article…

Proceeds of Crime Act 2002

— Regulation 6 — Proceeds of Crime Act 2002 The Proceeds of Crime Act 2002 is amended as follows. In section 333D (other permitted disclosures etc), in…

Power to impose civil penalties: suspension and removal of authorisation

— Regulation 77 — Power to impose civil penalties: suspension and removal of authorisation Paragraph

Representation of the People (Northern Ireland) Regulations 2008

— Regulation 22 — Representation of the People (Northern Ireland) Regulations 2008 In regulation 112(3)(b) of the Representation of the People (Northern…

Publication: the Commissioners

— Regulation 85 — Publication: the Commissioners Where the Commissioners give a notice under regulation 83, the Commissioners must publish on their official…

["Regulation 3"]

Regulation 3 In the case of a self-regulatory organisation, the number of its supervised persons who act as trust or company service providers.

Cryptoasset exchange providers and custodian wallet providers

— Regulation 14A — Cryptoasset exchange providers and custodian wallet providers In these Regulations, “cryptoasset exchange provider” means a firm or sole…

Training

— Regulation 24 — Training A relevant person must— take appropriate measures to ensure that its relevant employees , and any agents it uses for the purposes of…

Proceeds of Crime Act 2002 (Disclosure of information to and by Lord Advocate and Scottish Ministers) Order 2003

— Regulation 19 — Proceeds of Crime Act 2002 (Disclosure of information to and by Lord Advocate and Scottish Ministers) Order 2003 In article 3(d) (disclosure…

Changes in control of registered cryptoasset businesses

— Regulation 60B — Changes in control of registered cryptoasset businesses Schedule 6B applies to an acquisition of or increase in control over a registered…

Financial Services and Markets Act 2000

— Regulation 3 — Financial Services and Markets Act 2000 FSMA is amended as follows. In section 226 (complaints: the ombudsman scheme etc) after subsection (7)…

["Regulation 13"]

Regulation 13 The requirement specified in this paragraph is the requirement imposed in regulation 84(1).

["Regulation 1"]

Regulation 1 For the purposes of Part 9 of these Regulations, “relevant requirement” means— a requirement imposed by the funds transfer regulation specified—…

Risk assessment by relevant persons in relation to proliferation financing

— Regulation 18A — Risk assessment by relevant persons in relation to proliferation financing A relevant person must take appropriate steps to identify and…

["Regulation 21"]

Regulation 21 An offence under Part 7 (money laundering) or Part 8 (investigations) of, or listed in Schedule 2 (lifestyle offences: England and Wales), 4…

Corporate Bodies

— Regulation 1 — Corporate Bodies If the relevant person or payment service provider is a body corporate, any person who is or has been— an officer or manager…

Record-keeping

— Record-keeping — Regulation 40 — Record-keeping Subject to paragraph (5), a relevant person must keep the records specified in paragraph (2) for at least the…

["Regulation 2"]

Regulation 2 An offence under section 89 of the Criminal Justice Act 1967 (false written statements tendered in evidence) .

["Regulation 18"]

Regulation 18 Indications that the supervisory authority considers to suggest that a transfer of criminal funds takes place in their own sector.

Duties of supervisory authorities

— Regulation 46 — Duties of supervisory authorities A supervisory authority must effectively monitor the relevant persons for which it is the supervisory…

["Regulation 12A"]

Regulation 12A The number of contraventions of these Regulations identified upon exercise of the powers under Part 8.

["Regulation 35"]

Regulation 35 An act which— constituted an offence under the law of a foreign country, and would have constituted an offence under any of paragraphs 1 to 34…

Duties of the FCA: guidance on politically exposed persons

— Regulation 48 — Duties of the FCA: guidance on politically exposed persons The FCA must give guidance under section 139A of FSMA (power of the FCA to give…

Counter-Terrorism Act 2008

— Regulation 7 — Counter-Terrorism Act 2008 In Schedule 7 to the Counter-Terrorism Act 2008 (terrorist financing and money laundering), for paragraph 45(3)…

Provision of information

— Regulation 64H — Provision of information A cryptoasset business must respond fully and without delay to a request in writing from a law enforcement…

Finance Act 2014

— Regulation 10 — Finance Act 2014 In Schedule 34 to the Finance Act 2014 , in paragraph 6(4)(j) (criminal offences) for “regulation 45(1) of the Money…

["Regulation 26"]

Regulation 26 An offence under Parts 1 (general privacy protections); 2 (lawful interception of communications), 3 (authorisations for obtaining communications…

Disclosure by supervisory authorities and other relevant authorities

— Regulation 52 — Disclosure by supervisory authorities and other relevant authorities ... A supervisory authority may disclose to a relevant authority…

["Regulation 9"]

Regulation 9 The requirements specified in this paragraph are those imposed in— regulation 43 (corporate bodies: obligations); regulation 44 (trustee…

Interpretation

— Regulation 61 — Interpretation In this Part “transfer of funds supervisory authority” in relation to a payment service provider means the supervisory…

["Regulation 19"]

Regulation 19 A trust holding tenants’ contributions for the purposes of section 42 of the Landlord and Tenant Act 1987.

Partnerships

— Regulation 2 — Partnerships If the relevant person or payment service provider is a partnership, any person who is or has been a member, manager, employee or…

Risk assessment by relevant persons

— Regulation 18 — Risk assessment by relevant persons A relevant person must take appropriate steps to identify and assess the risks of money laundering and…

Requests for information by the NCA to foreign FIUs

— Regulation 13 — Requests for information by the NCA to foreign FIUs Paragraphs 14 and 15 apply where the NCA wishes to obtain information concerning a…

Enhanced customer due diligence: politically exposed persons

— Regulation 35 — Enhanced customer due diligence: politically exposed persons A relevant person must have in place appropriate risk-management systems and…

Applications for registration in a register maintained under regulation 54 or 55

— Regulation 57 — Applications for registration in a register maintained under regulation 54 or 55 A person applying for registration in a register maintained…

Requirement to be registered

— Regulation 56 — Requirement to be registered Unless a person in respect of whom the registering authorities are required to maintain a register under…

Admissibility of statements

— Regulation 73 — Admissibility of statements A statement made by a person in response to a requirement imposed under regulations 66(1)(c), 69(2)(e) , 70(7)(e)…

Conditions and restrictions on use of information received by the NCA from foreign FIUs

— Regulation 16 — Conditions and restrictions on use of information received by the NCA from foreign FIUs Where the NCA receives information from a foreign…

["Regulation 5"]

Regulation 5 The services provided by supervised persons.

Requirements for making a request for information

— Regulation 45E — Requirements for making a request for information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Appeals against decisions of the Commissioners: procedure

— Regulation 100 — Appeals against decisions of the Commissioners: procedure Subject to paragraphs (2) to (4), an appeal under regulation 99 is to be made to…

["Regulation 8"]

Regulation 8 The number of approvals under regulation 26 which were not valid, or ceased to be valid under paragraph (9) of that regulation.

Missing information: intermediaries

— Regulation 64E — Missing information: intermediaries When an intermediary cryptoasset business receives a cryptoasset as part of an inter-cryptoasset…

Suspicious activity disclosures

— Regulation 104 — Suspicious activity disclosures The NCA must make arrangements to provide appropriate feedback on the suspicious activity disclosures it has…

Prescribed regulations

— Regulation 2 — Prescribed regulations These Regulations are prescribed for the purposes of sections 168(4)(b) (appointment of persons to carry out…

Timing of verification

— Regulation 30 — Timing of verification Subject to paragraph (1A), this regulation applies when a relevant person is required to take any measures under…

Interpretation

— Regulation 45H — Interpretation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

["Regulation 7"]

Regulation 7 The number of applications for approval received by the supervisory authority under regulation 26, and the number of those that— were refused…

Duties of supervisory authorities: information

— Regulation 47 — Duties of supervisory authorities: information A supervisory authority must, in any way it considers appropriate, make up-to-date information…

["Regulation 19"]

Regulation 19 An offence under the Money Laundering Regulations 2001 , the Money Laundering Regulations 2003 , the Money Laundering Regulations 2007 or under…

["Regulation 4"]

Regulation 4 The requirements specified in this paragraph are those imposed in— Article 10 (retention of information on the payer and the payee with the…

Requesting information: unhosted wallet transfers and cryptoasset businesses

— Regulation 64G — Requesting information: unhosted wallet transfers and cryptoasset businesses A cryptoasset business involved in an unhosted wallet transfer…

Companies (Disclosure of Date of Birth Information) Regulations 2015

— Regulation 32 — Companies (Disclosure of Date of Birth Information) Regulations 2015 In paragraph 7(b) of Schedule 2 (disclosure to a credit reference…

Modifications: Control over registered cryptoasset businesses registered on and after 25 October 2027

— Regulation 4 — Modifications: Control over registered cryptoasset businesses registered on and after 25 October 2027 The modifications specified in this…

Electronic Money Regulations 2011

— Regulation 28 — Electronic Money Regulations 2011 (6) for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and…

Offences of prejudicing investigations

— Regulation 87 — Offences of prejudicing investigations (6). Criminal conduct is conduct which— constitutes an offence in any part of the United Kingdom; or…

Duty to co-operate

— Regulation 50 — Duty to co-operate (2) applies. This paragraph applies to a relevant person established— in the United Kingdom, which has its head office in…

Register of beneficial ownership

— Regulation 45 — Register of beneficial ownership (9) must be provided in such form as the Commissioners reasonably require. The information specified in this…

Missing or non-corresponding information: the cryptoasset business of a beneficiary

— Regulation 64D — Missing or non-corresponding information: the cryptoasset business of a beneficiary (3)(b), the cryptoasset business must take account of…

Duties of supervisory authorities

— Regulation 46 — Duties of supervisory authorities (4); keep a record in writing of the actions it has taken in the course of its supervision, and of its…

Application of simplified customer due diligence

— Regulation 37 — Application of simplified customer due diligence (1); and carry out sufficient monitoring of any business relationships or transactions which…

Obligation of confidentiality

— Regulation 52A — Obligation of confidentiality (1), for any reference to “a primary recipient” or “the primary recipient” there were substituted “the FCA”…

Modifications: Control over registered cryptoasset businesses registered before 25th October 2027

— Regulation 2 — Modifications: Control over registered cryptoasset businesses registered before 25th October 2027 paragraph (a) does not apply— the percentage…

Supervisory action

— Regulation 25 — Supervisory action (3), a matter to which a notice relates is still open to review if— the period during which any person may refer the…

Customer due diligence measures

— Regulation 28 — Customer due diligence measures (5), where the customer is beneficially owned by another person, the relevant person must— identify the…

Corporate bodies: obligations

— Regulation 43 — Corporate bodies: obligations (1) to a law enforcement authority. Information requested under paragraph (5), must be provided before the end…

Fit and proper test

— Regulation 58 — Fit and proper test (1)— whether the applicant has consistently failed to comply with the requirements of— these Regulations; the Money…

Risk assessment by supervisory authorities

— Regulation 17 — Risk assessment by supervisory authorities (4) in relation to two or more relevant persons in its sector, if— the relevant persons share…

Meaning of beneficial owner: trusts, similar arrangements and others

— Regulation 6 — Meaning of beneficial owner: trusts, similar arrangements and others (1)(c) (power of advancement) of the Trustee Act 1925 ; any discretion…

Requirement to report discrepancies in registers

— Regulation 30A — Requirement to report discrepancies in registers (3) any material discrepancy the relevant person finds between information relating to the…

Appeals against decisions of the FCA

— Regulation 93 — Appeals against decisions of the FCA (6) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer)…

Payment Services Regulations 2009

— Regulation 24 — Payment Services Regulations 2009 (6) for “the Money Laundering Regulations 2007” substitute “ the Money Laundering, Terrorist Financing and…

Training

— Regulation 24 — Training (1), a relevant person— must take account of— the nature of its business; its size; the nature and extent of the risks of money…

Duties of the FCA: guidance on politically exposed persons

— Regulation 48 — Duties of the FCA: guidance on politically exposed persons (8); the situations in which it would be appropriate for the senior management…

Requirement on authorised person to inform the FCA

— Regulation 23 — Requirement on authorised person to inform the FCA (1) does not apply to an authorised person which— immediately before the day on which…

The FCA: disciplinary measures (procedure)

— Regulation 81 — The FCA: disciplinary measures (procedure) (1)(a), a warning notice must— if it is about a proposal to publish a statement, set out the terms…

Appeals against decisions of the Commissioners: procedure

— Regulation 100 — Appeals against decisions of the Commissioners: procedure (4) if the tribunal gives permission to appeal. In this regulation, “conclusion…

Entry, inspection of premises without a warrant etc

— Regulation 69 — Entry, inspection of premises without a warrant etc (2). In this regulation, “duly authorised officer” means— an officer of the FCA…

Additional customer due diligence measures: credit institutions and financial institutions

— Regulation 29 — Additional customer due diligence measures: credit institutions and financial institutions (18)(b) applies for the purpose of determining…

Proceeds of Crime Act 2002

— Regulation 6 — Proceeds of Crime Act 2002 (5)(b), omit “contained in international standards and are”. In paragraph 1 (6) , at the end of paragraph (c) for…

Modifications: Control over registered cryptoasset businesses registered on and after 25 October 2027

— Regulation 4 — Modifications: Control over registered cryptoasset businesses registered on and after 25 October 2027 (8) were omitted; for “Where the…

Meaning of beneficial owner: bodies corporate or partnership

— Regulation 5 — Meaning of beneficial owner: bodies corporate or partnership (1)(c), an individual controls a body corporate if— the body corporate is a…

Requirement to cease transactions etc

— Regulation 31 — Requirement to cease transactions etc (3), “other professional adviser” means an auditor, external accountant or tax adviser who is a member…

Record-keeping

— Record-keeping — Regulation 40 — Record-keeping (4), the period is five years beginning on the date on which the relevant person knows, or has reasonable…

Duties of supervisory authorities: information

— Regulation 47 — Duties of supervisory authorities: information (1) must also include information from the following sources which the supervisory authority…

Disclosure by supervisory authorities and other relevant authorities

— Regulation 52 — Disclosure by supervisory authorities and other relevant authorities (1) or (1A); by the FCA to the PRA, where the information concerns a…

Exclusions

— Regulation 15 — Exclusions (1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 , when carrying on an activity which would be…

Electronic money

— Regulation 38 — Electronic money (1) are not satisfied, provided that such measures are permitted under regulation 37. Credit institutions and financial…

Timing of verification

— Regulation 30 — Timing of verification (7) applies if— the relevant person is required to apply customer due diligence measures in the case of a trust, a…

Reliance

and Record-keeping — Reliance — Regulation 39 — Reliance (10) and regulation 30A in relation to the customer, customer's beneficial owner, or any person acting…

Publication: the Commissioners

— Regulation 85 — Publication: the Commissioners (4) applies, the Commissioners must— defer the publication of the information about a matter to which a notice…

Terrorism Act 2000

— Regulation 4 — Terrorism Act 2000 (6) , at the end of paragraph (c) for “or” substitute “ and ”. In paragraph 2 (1)— in paragraph (c) for “25” substitute “…

Requirement to be registered

— Regulation 56 — Requirement to be registered (1)— during the period of 12 months beginning with the date on which these Regulations come into force, and…

Requirement that cryptoasset firms acting as cryptoasset exchange providers or custodian wallet providers inform the FCA

— Regulation 56B — Requirement that cryptoasset firms acting as cryptoasset exchange providers or custodian wallet providers inform the FCA (2) of the…

Interpretation

— Regulation 64B — Interpretation (3)(a) (cryptoasset exchange providers and custodian wallet providers) and includes a right to, or interest in, the…

Credit institutions and financial institutions

— Regulation 10 — Credit institutions and financial institutions (1) of the Regulated Activities Order), whose regular occupation or business is the provision…

Risk assessment by the Treasury

— Regulation 16A — Risk assessment by the Treasury (6). In this regulation, “proliferation financing” means the act of providing funds or financial services…

Customer due diligence

— Regulation 27 — Customer due diligence (6) that amounts to £2,000 or more, whether the transaction is executed in a single operation or in several operations…

Power to impose civil penalties: suspension and removal of authorisation

— Regulation 77 — Power to impose civil penalties: suspension and removal of authorisation (2) applies if the FCA is satisfied that a relevant person or a…

Prohibitions and approvals

— Regulation 26 — Prohibitions and approvals (6) and the application has not yet been determined. A relevant sole practitioner must not act, or continue to…

General interpretation

— Regulation 3 — General interpretation (9); “body corporate”— includes— a body corporate incorporated under the laws of the United Kingdom or any part of the…

Risk assessment by the Treasury and Home Office

— Regulation 16 — Risk assessment by the Treasury and Home Office (3)(c), a “provider of gambling services” means a person who by way of business provides…

Power to impose civil penalties: fines and statements

— Regulation 76 — Power to impose civil penalties: fines and statements (2) applies if a designated supervisory authority is satisfied that any person (“P”)…

Policies, controls and procedures

— Regulation 19 — Policies, controls and procedures (1) must include policies, controls and procedures— which provide for the identification and scrutiny of—…

High value dealers, casinos, auction platforms and art market participants

— Regulation 14 — High value dealers, casinos, auction platforms and art market participants (1) of the Customs and Excise Management Act 1979 (designation of…

Entry of premises under warrant

— Regulation 70 — Entry of premises under warrant been required. The second set of conditions is— that the premises specified in the warrant are premises of—…

Policies, controls and procedures: group level

— Regulation 20 — Policies, controls and procedures: group level (1) apply— to all its subsidiary undertakings, including subsidiary undertakings located…

Enhanced customer due diligence: politically exposed persons

— Regulation 35 — Enhanced customer due diligence: politically exposed persons (3), where a customer or potential customer is a domestic PEP, or a family…

Information accompanying an inter-cryptoasset business transfer

— Regulation 64C — Information accompanying an inter-cryptoasset business transfer (6). The information specified in this paragraph is— the name of the…

Duties of transfer of funds supervisory authorities

— Regulation 63 — Duties of transfer of funds supervisory authorities (2) applies. This paragraph applies to a payment service provider established— in the…

Publication: the FCA

— Regulation 84 — Publication: the FCA (6) where— the FCA considers it to be disproportionate to publish the identity of a legal person on whom the sanction or…

Insolvent bank customers

— Regulation 30ZA — Insolvent bank customers (3)(b); and identifies the beneficial owner where the customer is beneficially owned by another person. In this…

Determination of applications for registration under regulations 54 and 55

— Regulation 59 — Determination of applications for registration under regulations 54 and 55 (3), give the applicant notice of— the decision to register the…

Obligations on public authorities

— Regulation 103 — Obligations on public authorities (5) (appointment of persons to carry out investigations in particular cases), 169 (1)(b) (investigations…

Register of beneficial ownership: additional types of trust

— Regulation 45ZA — Register of beneficial ownership: additional types of trust (4), and in this paragraph, “taxable relevant trust” has the meaning given in…

Applications for registration in a register maintained under regulation 54 or 55

— Regulation 57 — Applications for registration in a register maintained under regulation 54 or 55 supervisory authority for the applicant— the name of the…

Cancellation and suspension of registration in a register under regulation 54 or 55

— Regulation 60 — Cancellation and suspension of registration in a register under regulation 54 or 55 (1) apply; or the person has failed to comply with any…

Independent legal professionals and trust or company service providers

— Regulation 12 — Independent legal professionals and trust or company service providers means a firm that either— does not carry on business; or carries on…

Access to information on the register

— Regulation 45ZB — Access to information on the register (3) do not apply to the accessible information in a case where, and to the extent that, the…

Trustee obligations

— Regulation 44 — Trustee obligations (5) must be provided before the end of such reasonable period as may be specified by the law enforcement authority. The…

Internal controls

— Regulation 21 — Internal controls (1)(a); the identity of the individual first appointed under paragraph (3); and of any subsequent appointment to either of…

Power to require information

— Regulation 66 — Power to require information (3), the notice must set out the reasons why the information is required to be provided or the documents…

The Commissioners: disciplinary measures (procedure)

— Regulation 83 — The Commissioners: disciplinary measures (procedure) (3). A notice must be given of— the Commissioners' decision— to impose a penalty, and…

Application of this Part

— Regulation 42 — Application of this Part (14); or any other non-UK trust which is an express trust, is not a trust listed in Schedule 3A (excluded trusts)…

Supervisory authorities

— Regulation 7 — Supervisory authorities (2), the authority which has agreed to act as the supervisory authority must notify the relevant person or publish the…

Policies, controls and procedures in relation to proliferation financing

— Regulation 19A — Policies, controls and procedures in relation to proliferation financing (1) must include policies, controls and procedures— which provide…

Obligation to apply enhanced customer due diligence

— Regulation 33 — Obligation to apply enhanced customer due diligence (1)(b) does not apply when the customer is a branch or majority owned subsidiary…

Costs of supervision

— Regulation 102 — Costs of supervision (4). The directions may in particular— specify the time when any payment is required to be made to the Treasury; and…

Directions: cryptoasset businesses

— Regulation 74C — Directions: cryptoasset businesses (9) must— give details of the direction; state the FCA’s reasons for imposing or varying the direction…

Enhanced customer due diligence: credit institutions, financial institutions and correspondent relationships

— Regulation 34 — Enhanced customer due diligence: credit institutions, financial institutions and correspondent relationships related services, such as cash…

Estate agents and letting agents

— Regulation 13 — Estate agents and letting agents (6) when done by, or by employees of, a firm or sole practitioner if neither the firm or sole practitioner…

Data Protection

— Regulation 41 — Data Protection (1) of the UK GDPR (lawfulness of processing), the reference in point (e) to processing of personal data that is necessary…

Requests in support of other authorities

— Regulation 67 — Requests in support of other authorities (2) applies from a foreign authority, the supervisory authority may exercise the power conferred by…

Provision of information and warrants: safeguards

— Regulation 72 — Provision of information and warrants: safeguards (5)— to proceedings in the High Court are to be read as references to proceedings in the…

Meaning of beneficial owner: trusts, similar arrangements and others

— Regulation 6 — Meaning of beneficial owner: trusts, similar arrangements and others (6) of this regulation, means— any individual who benefits from the…

Enhanced customer due diligence: politically exposed persons

— Regulation 35 — Enhanced customer due diligence: politically exposed persons (9) and 47; and may take into account any guidance which has been— issued by the…

Entry of premises under warrant

— Regulation 70 — Entry of premises under warrant (2)(d) or (f). The fourth set of conditions is— that an offence under these Regulations has been, is being or…

Publication: the FCA

— Regulation 84 — Publication: the FCA (6) is considered by the FCA insufficient to ensure— that the stability of the financial markets would not be put in…

Offences of prejudicing investigations

— Regulation 87 — Offences of prejudicing investigations (2) is liable— on summary conviction— in England and Wales, to imprisonment for a term not exceeding…

Exclusions

— Regulation 15 — Exclusions (2), a person is to be considered as engaging in financial activity on an occasional or very limited basis if all the following…

Internal controls

— Regulation 21 — Internal controls (9) as to— whether it maintains, or has maintained during the previous five years, a business relationship with any person…

Reliance

and Record-keeping — Reliance — Regulation 39 — Reliance (4) does not apply to a branch or majority owned subsidiary of an entity ... if all the following…

Requests in support of other authorities

— Regulation 67 — Requests in support of other authorities . . . . . . . . . . . “Foreign authority” means an authority in a territory which is not part of the…

Information accompanying an inter-cryptoasset business transfer

— Regulation 64C — Information accompanying an inter-cryptoasset business transfer (4); and each individual transfer within the batch is accompanied by the…

Determination of applications for registration under regulations 54 and 55

— Regulation 59 — Determination of applications for registration under regulations 54 and 55 (3)(b)(iii), the FCA must decide, within a reasonable period…

Risk assessment by supervisory authorities

— Regulation 17 — Risk assessment by supervisory authorities (8), would assist relevant persons in carrying out their own money laundering and terrorist…

Applications for registration in a register maintained under regulation 54 or 55

— Regulation 57 — Applications for registration in a register maintained under regulation 54 or 55 (4) applies also to material changes or inaccuracies…

Proceeds of Crime Act 2002

— Regulation 6 — Proceeds of Crime Act 2002 (1), omit paragraphs (b), (ea) and (f) (but not the “and” after paragraph (f)); in sub-paragraph (2)— after…

Prohibitions and approvals

— Regulation 26 — Prohibitions and approvals (1) (the “approved person”) has been convicted of a relevant offence; ceases to be valid if the approved person is…

Directions: cryptoasset businesses

— Regulation 74C — Directions: cryptoasset businesses (17) must— give details of the direction; state the reasons for imposing or varying the direction; and…

Cancellation and suspension of registration in a register under regulation 54 or 55

— Regulation 60 — Cancellation and suspension of registration in a register under regulation 54 or 55 (2) of those Regulations applies. Where the supervisory…

Additional customer due diligence measures: credit institutions and financial institutions

— Regulation 29 — Additional customer due diligence measures: credit institutions and financial institutions (1) of the Open-Ended Investment Companies…

Application of simplified customer due diligence

— Regulation 37 — Application of simplified customer due diligence a member's interest under the scheme; a financial product or service that provides…

Obligation to apply enhanced customer due diligence

— Regulation 33 — Obligation to apply enhanced customer due diligence (1)(b)— a “FATF call for action country” means a country named on the list of High-Risk…

Duties of supervisory authorities

— Regulation 46 — Duties of supervisory authorities (5) is not to be taken to breach any restriction, however imposed, on the disclosure of information. Where…

Risk assessment by the Treasury and Home Office

— Regulation 16 — Risk assessment by the Treasury and Home Office in carrying out their own money laundering and terrorist financing risk assessment, the…

Interpretation

— Regulation 64B — Interpretation day other than a Saturday, a Sunday, Christmas Day, Good Friday or a day which is a bank holiday under the Banking and…

Policies, controls and procedures: group level

— Regulation 20 — Policies, controls and procedures: group level Where the law of a third country does not permit the application of such equivalent measures…

Access to information on the register

— Regulation 45ZB — Access to information on the register (5), the Commissioners must inform the person requesting the information of the decision, explain…

Customer due diligence measures

— Regulation 28 — Customer due diligence measures (4) by relying solely on information delivered to the registrar under any enactment that requires information…

The FCA: disciplinary measures (procedure)

— Regulation 81 — The FCA: disciplinary measures (procedure) notice given under paragraph (6) as it applies in relation to a decision notice given by the FCA…

Register of beneficial ownership: additional types of trust

— Regulation 45ZA — Register of beneficial ownership: additional types of trust (5), provide the Commissioners with the following information, apart from any…

Trustee obligations

— Regulation 44 — Trustee obligations (1) for a period of five years after the date on which the final distribution is made under the trust; make arrangements…

Modifications: Control over registered cryptoasset businesses registered before 25th October 2027

— Regulation 2 — Modifications: Control over registered cryptoasset businesses registered before 25th October 2027 (2); or A ceases to be a parent undertaking…

Policies, controls and procedures

— Regulation 19 — Policies, controls and procedures satisfy the fit and proper test provided for in regulation 58; and the extent of the risk that the agent…

Modifications: Control over registered cryptoasset businesses registered on and after 25 October 2027

— Regulation 4 — Modifications: Control over registered cryptoasset businesses registered on and after 25 October 2027 (9) there were inserted— A person is not…

Customer due diligence

— Regulation 27 — Customer due diligence (7))— for a term of a month or more, and at a rent which during at least part of the term is, or is equivalent to, a…

General interpretation

— Regulation 3 — General interpretation (2); “customer due diligence measures” means the measures required by regulation 28, and where relevant, those required…

Register of beneficial ownership

— Regulation 45 — Register of beneficial ownership legal form of the legal entity and the law by which it is governed; if applicable, the name of the register…

Power to impose civil penalties: suspension and removal of authorisation

— Regulation 77 — Power to impose civil penalties: suspension and removal of authorisation institution under the Payment Services Regulations 2017; on the…

Record-keeping

— Record-keeping — Regulation 40 — Record-keeping (4), immediately— make available to B any information about the customer, any person purporting to act on…

Application of this Part

— Regulation 42 — Application of this Part (14). For the purposes of this Part, an “EEA registered trust” is a trust established in a country or territory…

Supervisory action

— Regulation 25 — Supervisory action (2) it must give the relevant parent undertaking (“A”) a notice in writing. The notice must— give details of the…

Requirement to report discrepancies in registers

— Regulation 30A — Requirement to report discrepancies in registers (1)(e), to the Commissioners; if it relates to an overseas entity of a type described in…

Publication: the Commissioners

— Regulation 85 — Publication: the Commissioners (7), the Commissioners must ensure that the information remains on their official website for at least five…

Power to impose civil penalties: fines and statements

— Regulation 76 — Power to impose civil penalties: fines and statements the purposes of this regulation— “appropriate” means (other than in references to an…

Risk assessment by the Treasury

— Regulation 16A — Risk assessment by the Treasury (9); “dual-use goods” means (a) any thing for the time being specified in Annex I of the Dual-Use…

Credit institutions and financial institutions

— Regulation 10 — Credit institutions and financial institutions (1)(b) of the Consumer Credit Act 1974 (running-account credit and fixed-sum credit)) in…

Requirement to be registered

— Regulation 56 — Requirement to be registered (3) in respect of any description of relevant persons and establishes a register for that purpose, or where a…

Duties of transfer of funds supervisory authorities

— Regulation 63 — Duties of transfer of funds supervisory authorities (5) is made in good faith, no civil liability arises in respect of the disclosure on the…

Obligation of confidentiality

— Regulation 52A — Obligation of confidentiality (1). Nothing in this regulation affects the disclosure of confidential information in accordance with…

Additional customer due diligence measures: credit institutions and financial institutions

— Regulation 29 — Additional customer due diligence measures: credit institutions and financial institutions (17) apply if the relevant person provides a…

Access to information on the register

— Regulation 45ZB — Access to information on the register (2)), or in relation to an individual referred to as a potential beneficiary in a document from the…

Reliance

and Record-keeping — Reliance — Regulation 39 — Reliance (2) if— the relevant person is relying on information provided by a third party which is a member of…

General interpretation

— Regulation 3 — General interpretation (1) of the Electronic Money Regulations 2011; “eligible Scottish partnership” has the meaning given in regulation 3 of…

Register of beneficial ownership: additional types of trust

— Regulation 45ZA — Register of beneficial ownership: additional types of trust (3)— the third country entity’s corporate or firm name; the country or…

Supervisory action

— Regulation 25 — Supervisory action (2) as the authority considers appropriate. Where the supervisory authority publishes such information and the supervisory…

Application of simplified customer due diligence

— Regulation 37 — Application of simplified customer due diligence (3), relevant persons must bear in mind that the presence of one or more risk factors may…

Customer due diligence

— Regulation 27 — Customer due diligence (1)). Without prejudice to paragraph (7D), a cryptoasset exchange provider and a custodian wallet provider must also…

Cancellation and suspension of registration in a register under regulation 54 or 55

— Regulation 60 — Cancellation and suspension of registration in a register under regulation 54 or 55 (10), the date from which the suspension or cancellation…

Register of beneficial ownership

— Regulation 45 — Register of beneficial ownership (4), in relation to the types of trust mentioned in regulation 45ZA

Entry of premises under warrant

— Regulation 70 — Entry of premises under warrant may be issued subject to conditions. The powers in paragraph (7) may be exercised by a person authorised by…

Requirement to report discrepancies in registers

— Regulation 30A — Requirement to report discrepancies in registers (3) is material excluded from public inspection for the purposes of— section 1087 of the…

Application of this Part

— Regulation 42 — Application of this Part (1) of the Land Registration etc. (Scotland) Act 2012); or in the register kept under the Land Registration Act…

Obligation to apply enhanced customer due diligence

— Regulation 33 — Obligation to apply enhanced customer due diligence (1)(f) must include— as far as reasonably possible, examining the background and purpose…

Customer due diligence measures

— Regulation 28 — Customer due diligence measures (3) (the registrar) of the Companies Act 2006. Where a person (“A”) purports to act on behalf of the…

Determination of applications for registration under regulations 54 and 55

— Regulation 59 — Determination of applications for registration under regulations 54 and 55 (6). In this regulation, “registered cryptoasset business” means a…

Enhanced customer due diligence: politically exposed persons

— Regulation 35 — Enhanced customer due diligence: politically exposed persons (6)(b) in relation to a PEP, and its entire business relationship with the…

Modifications: Control over registered cryptoasset businesses registered before 25th October 2027

— Regulation 2 — Modifications: Control over registered cryptoasset businesses registered before 25th October 2027 (3)(a) is whether the section 178…

Register of beneficial ownership

— Regulation 45 — Register of beneficial ownership (1). The trustees of a taxable relevant trust which is a UK trust, and is not an EEA registered trust or a…

Customer due diligence measures

— Regulation 28 — Customer due diligence measures (10) in respect of a customer. This paragraph applies if all the following conditions are met— a relevant…

Access to information on the register

— Regulation 45ZB — Access to information on the register (10)) into a potential contravention of a relevant requirement, which is or are being, or is or are…

Enhanced customer due diligence: politically exposed persons

— Regulation 35 — Enhanced customer due diligence: politically exposed persons (9) has expired). In this regulation— “politically exposed person” or “PEP”…

Obligation to apply enhanced customer due diligence

— Regulation 33 — Obligation to apply enhanced customer due diligence (1) may also include, among other things— seeking additional independent, reliable…

General interpretation

— Regulation 3 — General interpretation (2); “firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate…

Application of simplified customer due diligence

— Regulation 37 — Application of simplified customer due diligence (1)— if it doubts the veracity or accuracy of any documents or information previously…

Requirement to report discrepancies in registers

— Regulation 30A — Requirement to report discrepancies in registers (1)(a) of the Companies Act 2006 relating to such firm; in relation to a customer which is…

Modifications: Control over registered cryptoasset businesses registered before 25th October 2027

— Regulation 2 — Modifications: Control over registered cryptoasset businesses registered before 25th October 2027 (3) there were inserted— In a restriction…

Entry of premises under warrant

— Regulation 70 — Entry of premises under warrant (12) of the Police and Criminal Evidence (Northern Ireland) Order 1989 (execution of warrants and safeguards)…

Additional customer due diligence measures: credit institutions and financial institutions

— Regulation 29 — Additional customer due diligence measures: credit institutions and financial institutions (12) is appropriate in view of the risks of money…

Customer due diligence

— Regulation 27 — Customer due diligence (8), in determining when it is appropriate to take customer due diligence measures in relation to existing customers…

Additional customer due diligence measures: credit institutions and financial institutions

— Regulation 29 — Additional customer due diligence measures: credit institutions and financial institutions (16) is not to be taken to breach a duty of…

Enhanced customer due diligence: politically exposed persons

— Regulation 35 — Enhanced customer due diligence: politically exposed persons (12), individuals entrusted with prominent public functions include— heads of…

Modifications: Control over registered cryptoasset businesses registered before 25th October 2027

— Regulation 2 — Modifications: Control over registered cryptoasset businesses registered before 25th October 2027 (9) there were inserted— A person is not…

General interpretation

— Regulation 3 — General interpretation (3); “local weights and measures authority” has the meaning given by section 69 of the Weights and Measures Act 1985…

Obligation to apply enhanced customer due diligence

— Regulation 33 — Obligation to apply enhanced customer due diligence transaction is one which might favour anonymity; the situation involves non-face-to-face…

Register of beneficial ownership

— Regulation 45 — Register of beneficial ownership 2022; otherwise, within 90 days of the trustees acquiring the land or (where paragraph (10B)(a) applies)…

Customer due diligence measures

— Regulation 28 — Customer due diligence measures (10), “verify” means verify on the basis of documents or information in either case obtained from a reliable…

Register of beneficial ownership

— Regulation 45 — Register of beneficial ownership (4), at the same time as providing the information under paragraph (10E)— the third country entity’s…

General interpretation

— Regulation 3 — General interpretation (11) of the Proceeds of Crime Act 2002 ; “money service business” means an undertaking which by way of business…

Obligation to apply enhanced customer due diligence

— Regulation 33 — Obligation to apply enhanced customer due diligence (19); payments will be received from unknown or unassociated third parties; new products…

General interpretation

— Regulation 3 — General interpretation (12); “the PRA” means the Prudential Regulation Authority; “PRA-authorised person” has the meaning given by section 2B…

Register of beneficial ownership

— Regulation 45 — Register of beneficial ownership (5)(b) , paragraphs (10E) to (10G) and regulation 45ZA (3) and (4) made by— an authority responsible for…

Obligation to apply enhanced customer due diligence

— Regulation 33 — Obligation to apply enhanced customer due diligence other international bodies or non-governmental organisations as not implementing…

General interpretation

— Regulation 3 — General interpretation (1)(13B) of the markets in financial instruments regulation; or outside the EEA, a regulated financial market which…