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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.192

Section 192 — Meaning of “business relationship”

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

This version in force from 2024-01-15

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) In sections 188 to 191, “business relationship” means a business, professional or commercial relationship between a person carrying on relevant business and a customer or client which—

(a) arises out of the business of the person, and

(b) has, or is expected by the person (at the time when contact is established) to have, an element of duration.

(2) In subsection (1) “relevant business” means—

(a) in the case of section 188 (and section 191 as it applies for the purposes of that section), business within section 188(3);

(b) in the case of section 189 (and section 191 as it applies for the purposes of that section), business within section 189(3).