Citation and interpretation

1. —(1) These Regulations may be cited as the Economic Crime (Transparency and Enforcement) Act 2022 (Commencement No. 3) Regulations 2022.

(2) In these Regulations, “ the Act ” means the Economic Crime (Transparency and Enforcement) Act 2022.

Extent

2. —(1) These Regulations extend to England and Wales, Scotland and Northern Ireland, subject as follows.

(2) Regulation 4, for the purposes of the commencement of—

(a) section 33(1) and Schedule 3 to the Act, extends to England and Wales only;

(b) section 33(2) and Parts 1 and 2 of Schedule 4 to the Act, extends to Scotland only;

(c) section 33(3) to (7) and Schedule 5 to the Act, extends to Northern Ireland only.

Provisions coming into force on 1st August 2022

3. The following provisions of the Act come into force on 1st August 2022 except in so far as they relate to sections 7 to 11 of the Act—

(a) sections 1 and 2 (introduction);

(b) sections 3 to 6 (the register and registration);

(c) sections 12 to 16 (obtaining, updating and verifying information);

(d) sections 17 and 18 (exemptions);

(e) section 19 (language requirement);

(f) section 20 (annotation of the register);

(g) sections 21 to 26 (inspection of the register and protection of information);

(h) sections 27 to 31 (correction or removal of material on the register);

(i) section 32 (false statements);

(j) sections 35 to 38 (supplementary provision about offences);

(k) section 39 (financial penalties);

(l) section 40 (sharing of information by HMRC);

(m) sections 41 to 43 (transitional provision);

(n) section 44 (interpretation).

Provisions coming into force on 5th September 2022

4. The following provisions of the Act come into force on 5th September 2022—

(a) sections 33 and 34 (land ownership and transactions);

(b) sections 9(10) to 9(12) (the meaning of an overseas entity being registered as the proprietor of a relevant interest in land);

(c) Schedules 3, 4 and 5 (land ownership and transactions: England and Wales, Scotland and Northern Ireland).