Economic Crime (Transparency and Enforcement) Bill – in the House of Commons at 9:34 pm on 7 March 2022.
Amendments made: 55, page 48, line 20, leave out “18 months” and insert “6 months”.
This amendment reduces the transitional period within which certain overseas entities are required to apply for registration as an overseas entity. The period is reduced from 18 months to 6 months.
Amendment 56, page 49, line 11, leave out “18 months” and insert “6 months”. —(Paul Scully.)
The Land Registrar is required to enter a restriction prohibiting certain dealings in land by an unregistered overseas entity. In the Bill as introduced the restriction does not take effect for the first 18 months after the provisions come into force. This amendment reduces the period to 6 months.
Schedule 3, as amended, agreed to.
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