Clause 195
Amendment of Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992
of Financial Services and Markets Bill
BillNot in forceProvision 195 of 224
Clause 195
Section 2(1) of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992 is amended by deleting the definition of “financial institution” and substituting the following definition:“ “financial institution” has the meaning given by section 2 of the Financial Services and Markets Act 2022, and includes a VCC;”.