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EnactedEconomic Crime (Transparency and Enforcement) Act 2022

OverviewTimeline31Debates11Amendments40

Proposed amendments

40 amendments across 6 provisions

Clause 4 6

Amendment #92072#92072WithdrawnAmends text
Amendment text
at end insert—
The registrar may request further information to be provided in a timely manner where there appear to be material omissions or suspected false statements.
Stage
Committee stage
Type
EditBillBody
Clause
4
Lord Agnew of Oulton
Amendment #92136#92136Not movedAmends text
Amendment text
at end insert—
Where an application includes information that a registrable beneficial owner is a trustee (see paragraphs 3(1)(f) and 5(1)(h) of Schedule 1), the application must also include—

The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.

Stage
Committee stage
Type
EditBillBody
Clause
4
Lord Callanan
Amendment #92137#92137WithdrawnAmends text
Amendment text
at end insert “and, where applicable, the statement and information mentioned in subsection (2A)”
Stage
Committee stage
Type
EditBillBody
Clause
4
Lord Callanan
Amendment #92172#92172Not movedAmends text
Amendment text
at end insert—
where a director of the entity acts as a nominee, a statement that the nominee has made reasonable endeavours to be satisfied on an ongoing basis as to the legitimacy of the financial affairs of the beneficial owners for whom the nominee is acting, and that the nominee will cease to act if information validating legitimacy is not forthcoming on a timely basis,”
Stage
Committee stage
Type
EditBillBody
Clause
4
Lord Agnew of Oulton
Amendment #92266#92266AgreedAmends text
Amendment text
at end insert—
Where an application includes information that a registrable beneficial owner is a trustee (see paragraphs 3(1)(f) and 5(1)(h) of Schedule 1), the application must also include—

The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.

Stage
Report stage
Type
EditBillBody
Clause
4
Lord Callanan
Amendment #92267#92267AgreedAmends text
Amendment text
at end insert “and, where applicable, the statement and information mentioned in subsection (2A)”
Stage
Report stage
Type
EditBillBody
Clause
4
Lord Callanan

Clause 7 13

Amendment #92042#92042Not movedAmends text
Amendment text
at end insert—
The requirements under subsection (1) must also be met within 14 days of the date on which a registered overseas entity has reasonable cause to believe that at least one person has become or ceased to be a registrable beneficial owner.”
Stage
Committee stage
Type
EditBillBody
Clause
7
Baroness Chapman of Darlington
Amendment #92131#92131Not movedAmends text
Amendment text
leave out “in relation to a person who has” and insert “as a result of a person having”
Stage
Committee stage
Type
EditBillBody
Clause
7
Lord Callanan
Amendment #92132#92132Not movedAmends text
Amendment text
leave out from “The” to “, must” in line 3 and insert “information required by subsection (1)(a), and any statements required by subsection (1)(a) or (b)”
Stage
Committee stage
Type
EditBillBody
Clause
7
Lord Callanan
Amendment #92133#92133Not movedAmends text
Amendment text
at end insert—
Where information provided under subsection (1)(a) includes information that a registrable beneficial owner is a trustee (see paragraphs 3(1)(f) and 5(1)(h) of Schedule 1), the overseas entity is also required by subsection (1)(a) to provide—

The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.

Stage
Committee stage
Type
EditBillBody
Clause
7
Lord Callanan
Amendment #92134#92134Not movedAmends text
Amendment text
at end insert “and, where applicable, the statement and information mentioned in subsection (2B)”
Stage
Committee stage
Type
EditBillBody
Clause
7
Lord Callanan
Amendment #92135#92135Not movedAmends text
Amendment text
at end insert “and, where applicable, the statement and information mentioned in subsection (2A)”
Stage
Committee stage
Type
EditBillBody
Clause
7
Lord Callanan
Amendment #92152#92152Not movedAmends text
Amendment text
at end insert—
A registered overseas entity must, as soon as reasonably practicable and in any event within 14 days of becoming aware of any change, deliver to the registrar details of any change to the information that has been previously provided to the registrar in accordance with section 4 or, if information has been previously delivered to the registrar under this section, any change to the latest information provided under this section, including the date such change occurred.”
Stage
Committee stage
Type
EditBillBody
Clause
7
Lord Vaux of Harrowden
Amendment #92171#92171Not movedAmends text
Amendment text
at end insert—
where a director of the entity acts as a nominee, a statement that the nominee has made reasonable endeavours to be satisfied on an ongoing basis as to the legitimacy of the financial affairs of the beneficial owners for whom the nominee is acting, and that the nominee will cease to act if information validating legitimacy is not forthcoming on a timely basis,”
Stage
Committee stage
Type
EditBillBody
Clause
7
Lord Agnew of Oulton
Amendment #92261#92261AgreedAmends text
Amendment text
leave out “in relation to a person who has” and insert “as a result of a person having”
Stage
Report stage
Type
EditBillBody
Clause
7
Lord Callanan
Amendment #92262#92262AgreedAmends text
Amendment text
leave out from “The” to “, must” in line 3 and insert “information required by subsection (1)(a), and any statements required by subsection (1)(a) or (b)”
Stage
Report stage
Type
EditBillBody
Clause
7
Lord Callanan
Amendment #92263#92263AgreedAmends text
Amendment text
at end insert—
Where information provided under subsection (1)(a) includes information that a registrable beneficial owner is a trustee (see paragraphs 3(1)(f) and 5(1)(h) of Schedule 1), the overseas entity is also required by subsection (1)(a) to provide—

The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.

Stage
Report stage
Type
EditBillBody
Clause
7
Lord Callanan
Amendment #92264#92264AgreedAmends text
Amendment text
at end insert “and, where applicable, the statement and information mentioned in subsection (2B)”
Stage
Report stage
Type
EditBillBody
Clause
7
Lord Callanan
Amendment #92265#92265AgreedAmends text
Amendment text
at end insert “and, where applicable, the statement and information mentioned in subsection (2A)”
Stage
Report stage
Type
EditBillBody
Clause
7
Lord Callanan

Clause 9 17

Amendment #92073#92073Not movedAmends text
Amendment text
leave out “made on or after 8 December 2014”
Stage
Committee stage
Type
EditBillBody
Clause
9
Lord Foulkes of Cumnock
Amendment #92125#92125WithdrawnAmends text
Amendment text
leave out sub-paragraph (i) and insert—
is entered, on or after 8 December 2014, as proprietor in the proprietorship section of the title sheet for a plot of land that is registered in the Land Register of Scotland,”
Stage
Committee stage
Type
EditBillBody
Clause
9
Lord Callanan
Amendment #92126#92126Not movedAmends text
Amendment text
leave out “in relation to a person who has” and insert “as a result of a person having”
Stage
Committee stage
Type
EditBillBody
Clause
9
Lord Callanan
Amendment #92127#92127Not movedAmends text
Amendment text
leave out from “The” to “, must” in line 7 and insert “information required by subsection (1)(b), and any statements required by subsection (1)(b) or (c)”
Stage
Committee stage
Type
EditBillBody
Clause
9
Lord Callanan
Amendment #92128#92128Not movedAmends text
Amendment text
at end insert—
Where information provided under subsection (1)(b) includes information that a registrable beneficial owner is a trustee (see paragraphs 3(1)(f) and 5(1)(h) of Schedule 1), the overseas entity is also required by subsection (1)(b) to provide—

The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.

Stage
Committee stage
Type
EditBillBody
Clause
9
Lord Callanan
Amendment #92129#92129Not movedAmends text
Amendment text
at end insert “and, where applicable, the statement and information mentioned in subsection (2B)”
Stage
Committee stage
Type
EditBillBody
Clause
9
Lord Callanan
Amendment #92130#92130Not movedAmends text
Amendment text
at end insert “and, where applicable, the statement and information mentioned in subsection (2A)”
Stage
Committee stage
Type
EditBillBody
Clause
9
Lord Callanan
Amendment #92170#92170Not movedAmends text
Amendment text
at end insert—
where a director of the entity acts as a nominee, a statement that the nominee has made reasonable endeavours to be satisfied on an ongoing basis as to the legitimacy of the financial affairs of the beneficial owners for whom the nominee is acting, and that the nominee will cease to act if information validating legitimacy is not forthcoming on a timely basis,”
Stage
Committee stage
Type
EditBillBody
Clause
9
Lord Agnew of Oulton
Amendment #92252#92252AgreedAmends text
Amendment text
at end insert—
For the purposes of subsection (8)(b)(i)—

The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.

Stage
Report stage
Type
EditBillBody
Clause
9
Lord Callanan
Amendment #92253#92253AgreedAmends text
Amendment text
leave out line 45
Stage
Report stage
Type
EditBillBody
Clause
9
Lord Callanan
Amendment #92254#92254AgreedAmends text
Amendment text
leave out sub-paragraph (iii) and insert—
is the tenant under a lease that was registered in the Land Register of Scotland on or after that date, or”
Stage
Report stage
Type
EditBillBody
Clause
9
Lord Callanan
Amendment #92255#92255AgreedAmends text
Amendment text
leave out sub-paragraph (i) and insert—
is entered, on or after 8 December 2014, as proprietor in the proprietorship section of the title sheet for a plot of land that is registered in the Land Register of Scotland,”
Stage
Report stage
Type
EditBillBody
Clause
9
Lord Callanan
Amendment #92256#92256AgreedAmends text
Amendment text
leave out “in relation to a person who has” and insert “as a result of a person having”
Stage
Report stage
Type
EditBillBody
Clause
9
Lord Callanan
Amendment #92257#92257AgreedAmends text
Amendment text
leave out from “The” to “, must” in line 7 and insert “information required by subsection (1)(b), and any statements required by subsection (1)(b) or (c)”
Stage
Report stage
Type
EditBillBody
Clause
9
Lord Callanan
Amendment #92258#92258AgreedAmends text
Amendment text
at end insert—
Where information provided under subsection (1)(b) includes information that a registrable beneficial owner is a trustee (see paragraphs 3(1)(f) and 5(1)(h) of Schedule 1), the overseas entity is also required by subsection (1)(b) to provide—

The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.

Stage
Report stage
Type
EditBillBody
Clause
9
Lord Callanan
Amendment #92259#92259AgreedAmends text
Amendment text
at end insert “and, where applicable, the statement and information mentioned in subsection (2B)”
Stage
Report stage
Type
EditBillBody
Clause
9
Lord Callanan
Amendment #92260#92260AgreedAmends text
Amendment text
at end insert “and, where applicable, the statement and information mentioned in subsection (2A)”
Stage
Report stage
Type
EditBillBody
Clause
9
Lord Callanan

Clause 12 2

Amendment #92250#92250AgreedAmends text
Amendment text
at end insert “, and
if the person is a registrable beneficial owner by virtue of being a trustee, to confirm or correct any of the required information about the trust that is specified in the notice and to supply any of the required information about the trust that the notice states the overseas entity does not already have.”
Stage
Report stage
Type
EditBillBody
Clause
12
Lord Callanan
Amendment #92251#92251AgreedAmends text
Amendment text
leave out from “obtain” to end of line 29 and insert “, for the purposes of the application under section 4 or 9 or for the purposes of complying with the updating duty under section 7—
the required information about each registrable beneficial owner, and
Stage
Report stage
Type
EditBillBody
Clause
12
Lord Callanan

Clause 18 1

Amendment #92268#92268AgreedAmends text
Amendment text
leave out paragraph (b)
Stage
Report stage
Type
EditBillBody
Clause
18
Lord Fox

Clause 22 1

Amendment #92249#92249AgreedAmends text
Amendment text
at end insert—
any required information about a trust delivered to the registrar by virtue of section 4(2A), 7(2A) or (2B) or 9(2A) or (2B) (required information about trusts),”
Stage
Report stage
Type
EditBillBody
Clause
22
Lord Callanan