Legalize / United Kingdom / Statutory-Instrument

The Economic Crime and Corporate Transparency Act 2023 (Commencement No. 3) Regulations 2024

Type Statutory-Instrument

Publication 2024-11-05

State In force

Department King's Printer of Acts of Parliament

Source legislation.gov.uk

Made: 5th November 2024

The Secretary of State makes these Regulations in exercise of the powers conferred by section 219(1) and (9) of the Economic Crime and Corporate Transparency Act 2023[^f00001].

The Secretary of State has consulted the Scottish Ministers in accordance with section 219(6) of that Act.

Citation, extent and interpretation

1

(1) These Regulations may be cited as the Economic Crime and Corporate Transparency Act 2023 (Commencement No. 3) Regulations 2024.

(2) These Regulations extend to England and Wales, Scotland and Northern Ireland except for regulation 2 which extends to Scotland.

(3) In these Regulations, “the Act” means the Economic Crime and Corporate Transparency Act 2023.

Commencement on 7th November 2024

2

Section 180 of, and Schedule 9 to, the Act (cryptoassets: civil recovery) come into force on 7th November 2024, so far as not already in force.

Commencement on 1st September 2025

3

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Signed

Dan Jarvis — Minister of State — Home Office — 5th November 2024

Explanatory note

(This note is not part of the Regulations)

Explanatory Note

These Regulations are the third commencement regulations made under the Economic Crime and Corporate Transparency Act 2023 (c. 56). Regulation 2 brings measures relating to civil recovery of cryptoassets, which are already in force in England and Wales and Northern Ireland but only partially in force in Scotland, fully into force on 7th November 2024. Regulation 3 brings measures creating a new offence of failing to prevent fraud fully into force in all of the United Kingdom on 1st September 2025.

Footnotes

[^f00001]: 2023 c. 56.

Editorial notes

[^key-240b3371045c145832e013910c0afd0b]: Reg. 1 in force at made date

[^key-356330f4b02b145e6a1b49a835213c70]: Reg. 2 in force at made date

[^key-c72416836c7520ce1efe3bf63d28eb13]: Reg. 3 revoked (13.3.2025) by The Economic Crime and Corporate Transparency Act 2023 (Commencement No. 4) Regulations 2025 (S.I. 2025/349), reg. 4

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