Part 2Terrorist financing, money laundering etc.

Directions in particular cases

49Directions in relation to subsidiaries

1

Paragraph 9 of Schedule 7 to the Counter-Terrorism Act 2008 (requirements that may be imposed by a direction) is amended as follows.

2

In sub-paragraph (1), after paragraph (c), insert—

d

a company that is a subsidiary of a company within paragraph (a) or (c).

3

After sub-paragraph (6) insert—

7

In this paragraph “subsidiary” has the meaning given by section 1159 of the Companies Act 2006 (and “company” has the same meaning as in that section).