SCHEDULES

SCHEDULE 7U.K.Terrorist financing and money laundering

Part 5U.K.Enforcement: information powers

Failure to comply with information requirementU.K.

23(1)If on an application made by—U.K.

(a)an enforcement authority, or

(b)a local weights and measures authority or DETINI pursuant to arrangements made with the [F1FCA]

(i)by or on behalf of the authority; or

(ii)by DETINI,

it appears to the court that a person (the “information defaulter”) has failed to do something that they were required to do under paragraph 19(1), the court may make an order under this paragraph.

(2)An order under this paragraph may require the information defaulter—

(a)to do the thing that they failed to do within such period as may be specified in the order;

(b)otherwise to take such steps to remedy the consequences of the failure as may be so specified.

(3)If the information defaulter is a body corporate, a partnership or an unincorporated body of persons that is not a partnership, the order may require any officer of the body corporate, partnership or body, who is (wholly or partly) responsible for the failure to meet such costs of the application as are specified in the order.

(4)In this paragraph “the court” means—

(a)in England and Wales and Northern Ireland, the High Court or the county court;

(b)in Scotland, the Court of Session or the sheriff court.

Textual Amendments

F1Word in Sch. 7 para. 23(1)(b) substituted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), art. 1(2)(6), Sch. para. 15(2)(b)