Captured statutory text (L5)
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”.
Full captured verbatim text
(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”.