The Money Laundering and Terrorist Financing (Amendment) Regulations 2026
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
39 Amendment of the Proceeds of Crime Act 2002
(1) Schedule 9 (regulated sector and supervisory authorities) to the Proceeds of Crime Act 2002 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. ; (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”.
39 Amendment of the Proceeds of Crime Act 2002
(1) Schedule 9 (regulated sector and supervisory authorities) to the Proceeds of Crime Act 2002 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. ; (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”.
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.