Statutory Instruments
2021 No. 727
Proceeds Of Crime
The Proceeds of Crime Act 2002 (Recovery of Listed Assets: Code of Practice) Regulations 2021
Made
17th June 2021
Coming into force
28th June 2021
The Secretary of State makes these Regulations in exercise of the powers conferred by section 303G(5) and (6) of the Proceeds of Crime Act 2002( 1 ) (“the Act”).
The Secretary of State has—
(a) under section 303G(6) of the Act, revised the code of practice made under section 303G(1) of the Act;
(b) in accordance with section 303G(2) of the Act, published a draft of the revised code of practice, considered any representations made about the draft by the Scottish Ministers, the Department of Justice or any other person, and modified the draft, as thought appropriate, in the light of any such representations;
(c) in accordance with section 303G(3) of the Act, consulted with the Attorney General about the draft of the revised code of practice in its application to the exercise of powers by SFO officers and the Director of the Serious Fraud Office; and
(d) in accordance with section 303G(4) of the Act, laid a draft of the revised code of practice before Parliament.
In accordance with section 459(6ZB) of the Act( 2 ), 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 Proceeds of Crime Act 2002 (Recovery of Listed Assets: Code of Practice) Regulations 2021 and come into force on 28th June 2021.
Revised code of practice
2. The revised code of practice entitled “Code of Practice issued under section 303G of the Proceeds of Crime Act 2002 Recovery of Listed Assets: Search Powers” laid in draft before Parliament on 22nd March 2021 comes into operation on 28th June 2021.
Revocation
3.The Proceeds of Crime Act 2002 (Recovery of Listed Assets: Code of Practice) (England and Wales and Scotland) Regulations 2018( 3 ) are revoked.
Williams of Trafford
Minister of State
Home Office
17th June 2021
2002 c. 29 . Section 303G was inserted by section 15 of the Criminal Finances Act 2017 (c. 22) .
Section 459(6ZB) was inserted by paragraph 87(6) of Schedule 5 to the Criminal Finances Act 2017.