| Guvnor

Enforced by: FCA, SRA
Status: In Force
Penalty ceiling: Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Financial Services Firm1

Plus 1 duty on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Financial Services Firm — also bound by 179 other Acts

Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (recast) (Text with EEA 77 duties

Commission Delegated Regulation (EU) No 231/2013 of 19 December 2012 supplementing Directive 2011/61/EU of the European Parliament and of the Council with regard to exemptions, general operating conditions, depositaries, leverage, transparency and supervision (Text with EEA relevance) 63 duties

Friendly Societies Act 1992 52 duties

Commission Delegated Regulation (EU) No 153/2013 of 19 December 2012 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards on requirements for central counterparties (Text with EEA relevance) 52 duties

The Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges , Clearing Houses and Central Securities Depositories ) Regulations 2001 50 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

Part 1

Introduction

0 of 1 section shown

1 other section in this Part — procedural and definitional

s.001 Citation and commencement

Part 2

Money Laundering Regulations

1 of 12 sections shown

s.006 New Part 5A: bank account portal Regulated

Respond to law enforcement information requests via bank account portalFinancial Services Firm

11 other sections in this Part — procedural and definitional

s.002 Amendment of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017

s.003 Amendment of Part 1: introduction

s.004 Amendment of Part 2: money laundering and terrorist financing

s.005 Amendment of Part 3: customer due diligence

s.007 Amendment of Part 6: supervision and registration

s.008 Amendment of Part 8: information and investigation

s.009 Amendment of Part 9: enforcement and Part 10: appeals

s.010 Amendment of Part 11: miscellaneous provisions

s.011 Amendment of Schedule 4: supervisory information

s.012 Amendment of Schedule 6: relevant requirements

s.013 New Schedule 6A: United Kingdom financial intelligence unit

Part 3

Amendment of primary and secondary legislation

0 of 7 sections shown

7 other sections in this Part — procedural and definitional

s.014 Amendment of the Terrorism Act 2000

s.015 Amendment of the Proceeds of Crime Act 2002

s.016 Amendment of the Companies Act 2006

s.017 Amendment of the Limited Liability Partnerships (Application of Companies Act 2006) Regulations 2009

s.018 Amendment of the Unregistered Companies Regulations 2009

s.019 Amendment of the Electronic Money Regulations 2011

s.020 Amendment of the Scottish Partnerships (Register of People with Significant Control) Regulations 2017

Part 4

Review

1 of 1 section shown

s.021 Review Regulated

Other duties (1) — Crown / regulator

Treasury must review Money Laundering Regulations and publish reportsCrown / Minister / Government department

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.