The Money Laundering and Terrorist Financing (Amendment) Regulations 2026
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Change 1
38 Amendment of the Terrorism Act 2000
(1) Schedule 3A (regulated sector and supervisory authorities) to the Terrorism Act 2000 is amended as follows. (2) In paragraph 1— (a) in sub-paragraph (1)(c), after “long-term insurance” insert “other than a reinsurance contract”; (b) in sub-paragraph (1)(q), for “10,000 euros” substitute “£10,000”; (c) in sub-paragraph (1)(u), for “10,000 euros”, in both places, substitute “£10,000”; (d) in sub-paragraph (4), after paragraph (a), insert— (ab) selling an off-the-shelf firm; ; (e) after sub-paragraph (4), insert— (4A) For the purposes of sub-paragraph (4)(ab), an “off-the-shelf firm” means a firm that either— (a) does not carry on business; or (b) carries on business but such business is not the main activity carried on by the firm or sole practitioner selling the firm. ; (f) in sub-paragraph (6B), for “10,000 euros” substitute “£10,000”. (3) In paragraph 2— (a) in sub-paragraph (1)(c), for “or 40 to 49” substitute “, 40 to 49 or 58”; (b) in sub-paragraph (3)(b), for “1,000 euros” substitute “£1,000”.
38 Amendment of the Terrorism Act 2000
(1) Schedule 3A (regulated sector and supervisory authorities) to the Terrorism Act 2000 is amended as follows. (2) In paragraph 1— (a) in sub-paragraph (1)(c), after “long-term insurance” insert “other than a reinsurance contract”; (b) in sub-paragraph (1)(q), for “10,000 euros” substitute “£10,000”; (c) in sub-paragraph (1)(u), for “10,000 euros”, in both places, substitute “£10,000”; (d) in sub-paragraph (4), after paragraph (a), insert— (ab) selling an off-the-shelf firm; ; (e) after sub-paragraph (4), insert— (4A) For the purposes of sub-paragraph (4)(ab), an “off-the-shelf firm” means a firm that either— (a) does not carry on business; or (b) carries on business but such business is not the main activity carried on by the firm or sole practitioner selling the firm. ; (f) in sub-paragraph (6B), for “10,000 euros” substitute “£10,000”. (3) In paragraph 2— (a) in sub-paragraph (1)(c), for “or 40 to 49” substitute “, 40 to 49 or 58”; (b) in sub-paragraph (3)(b), for “1,000 euros” substitute “£1,000”.
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