Citation and Commencement

1.  These Regulations may be cited as the Terrorism Act 2000 (Crown Servants and Regulators) Regulations 2001 and shall come into force on 19th February 2001.

Interpretation

2.  In these Regulations—

“the 2000 Act” means the Terrorism Act 2000, and

“relevant financial business” has the meaning given by regulation 4 of the Money Laundering Regulations 1993(2).

Application of the 2000 Act to Director of Savings and staff

3.  Sections 15 to 23 and 39 of the 2000 Act shall apply to

(a) the Director of Savings; and

(b) any person employed by or otherwise engaged in the service of the Director of Savings

in circumstances where the Director or such a person is carrying on relevant financial business.

Disapplication of section 19 in relation to persons performing functions of a public nature

4.  Section 19 of the 2000 Act shall not apply to the following persons, being persons who are, in the opinion of the Secretary of State, performing or connected with the performance of regulatory, supervisory, investigative or registration functions of a public nature, namely—

(a)the Bank of England;

(b)The Financial Services Authority;

(c)the Building Societies Commission;

(d)a designated agency within the meaning of the Financial Services Act 1986(3);

(e)a recognised self-regulating organisation within the meaning of the Financial Services Act 1986;

(f)a recognised professional body within the meaning of the Financial Services Act 1986;

(g)a transferee body within the meaning of the Financial Services Act 1986;

(h)a recognised self-regulating organisation for friendly societies within the meaning of the Financial Services Act 1986;

(i)the Council of Lloyds;

(j)the Friendly Societies Commission;

(k)the Chief Registrar of Friendly Societies;

(l)the Assistant Registrar of Friendly Societies for Scotland;

(m)the Central Office of the Registry of Friendly Societies;

(n)the Registrar of Credit Unions for Northern Ireland;

(o)the Assistant Registrar of Credit Unions for Northern Ireland, and

(p)any person who is employed by, or otherwise engaged in, the service of any person referred to above for the purpose of performing such functions.

5.  The Prevention of Terrorism (Temporary Provisions) Act 1989 (Crown Servants and Regulators etc) Regulations 1994(4) and the Northern Ireland (Emergency Provisions) Act 1991 (Crown Servants and Regulators etc) Regulations 1994(5) are hereby revoked.

Explanatory Note

(This note is not part of the Regulations)

These Regulations apply to the Director of Savings and his employees and servants, when carrying on certain financial business under regulation 4 of the Money Laundering Regulations 1993, the provisions of the Terrorism Act 2000 relating to terrorist property offences. In addition the Regulations disapply section 19 of the Act (offence of failing to disclose a belief or suspicion, where it arises in the course of a trade, business or employment, that a terrorist property offence has been committed) in relation to the persons referred to in regulation 4.