Captured statutory text (L5)
14 Amendment of regulation 27 (customer due diligence)
In regulation 27—
(a)in paragraph (1)(b), for “1,000 euros” substitute “£800”;
(b)in paragraph (2), for “15,000 euros” substitute “£12,000”;
(c)in paragraph (3), for “10,000 euros” substitute “£10,000”;
(d)in paragraph (5), for “2,000 euros” substitute “£2,000”;
(e)in paragraph (7), for “2,000 euros” substitute “£2,000”;
(f)in paragraph (7A)—
(i)in the opening words, insert “occasional” after “any”;
(ii)in sub-paragraph (ii), for “10,000 euros” substitute “£10,000”;
(g)in paragraph (7C)(a)—
(i)insert “occasional” after “any such”;
(ii)for “or series of linked transactions,” substitute “whether executed in a single operation or in several operations which appear to be linked,”;
(iii)for “10,000 euros” substitute “£10,000”;
(h)in paragraph (7C)(b), for “10,000 euros” substitute “£10,000”;
(i)in paragraph (7E), for “1,000 euros” substitute “£800”.
Full captured verbatim text
In regulation 27— (a) in paragraph (1)(b), for “1,000 euros” substitute “£800”; (b) in paragraph (2), for “15,000 euros” substitute “£12,000”; (c) in paragraph (3), for “10,000 euros” substitute “£10,000”; (d) in paragraph (5), for “2,000 euros” substitute “£2,000”; (e) in paragraph (7), for “2,000 euros” substitute “£2,000”; (f) in paragraph (7A)— (i) in the opening words, insert “occasional” after “any”; (ii) in sub-paragraph (ii), for “10,000 euros” substitute “£10,000”; (g) in paragraph (7C)(a)— (i) insert “occasional” after “any such”; (ii) for “or series of linked transactions,” substitute “whether executed in a single operation or in several operations which appear to be linked,”; (iii) for “10,000 euros” substitute “£10,000”; (h) in paragraph (7C)(b), for “10,000 euros” substitute “£10,000”; (i) in paragraph (7E), for “1,000 euros” substitute “£800”.