Statutory Instruments
2018 No. 80
Proceeds Of Crime
The Criminal Finances Act 2017 (Consequential Amendment) Regulations 2018
Made
20th January 2018
Coming into force
31st January 2018
The Secretary of State makes these Regulations in exercise of the powers conferred by section 54(1) and (5) of the Criminal Finances Act 2017( 1 ) (“the Act”).
The Secretary of State has, in accordance with section 55(1) of the Act—
(a) consulted the Scottish Ministers, and
(b) consulted the Department of Justice in Northern Ireland.
In accordance with section 55(4) of the Act, a draft of this instrument has been laid before, and approved by a resolution of, each House of Parliament.
Citation and commencement
1. These Regulations may be cited as the Criminal Finances Act 2017 (Consequential Amendment) Regulations 2018 and come into force on 31st January 2018.
Amendment to section 278 of the Proceeds of Crime Act 2002 (limit on recovery)
2. In section 278 of the Proceeds of Crime Act 2002( 2 ), in subsection (7)(a), after “303O” insert “, 303R”.
Ben Wallace
Minister of State
Home Office
20th January 2018
2002 c. 29 . Section 278(7) was amended by paragraphs 17, 30(1) and (3) of Schedule 5 to the Criminal Finances Act 2017.