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Disclaimer: This is not legal advice. Legislation and case law change. Always consult a qualified solicitor for your specific situation.

UK Law Reference
All sections of Economic Crime and Corporate Transparency Act 2023
2023 c. 56, s.173

Section 173 — Enforcement of requirement to register: updated language about penalties etc

Extent: E+W+S+N.I.

This version in force from 2024-03-04

Snapshot: 2026-08-24

Reproduced from legislation.gov.uk (Crown Copyright, Open Government Licence v3.0). Amendments made after 2026-08-24 may not be reflected — always check the official text .

(1) The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows.

(2) In section 34 (power to require overseas entity to register if it owns certain land)—

(a) in subsection (4)(a), for “the maximum summary term for either-way offences” substitute “a term not exceeding the general limit in a magistrates’ court”;

(b) omit subsection (5).

(3) In section 36 (meaning of “daily default fine”) after “applies for” insert “the”.