15 Forfeiture of certain personal (or moveable) property
Criminal Finances Act 2017 (2017 c 22) | Legislation

15  Forfeiture of certain personal (or moveable) property

In Part 5 of the Proceeds of Crime Act 2002 (civil recovery of the proceeds etc of unlawful conduct), after section 303A insert—

“Chapter 3A
Recovery of Listed Assets in Summary Proceedings

Definition of listed asset

303B “Listed asset”

(1)     In this Chapter, a “listed asset” means an item of property that falls within one of the following descriptions of property—

(a)     precious metals;

(b)     precious stones;

(c)     watches;

(d)     artistic works;

(e)     face-value vouchers;

(f)     postage stamps.

(2)     The Secretary of State may by regulations amend subsection (1)—

(a)     by removing a description of property;

(b)     by adding a description of tangible personal (or corporeal moveable) property.

(3)     The Secretary of State must consult the Scottish Ministers and the Department of Justice before making regulations under subsection (2).

(4)     In this section—

(a)     “precious metal” means gold, silver or platinum (whether in an unmanufactured or a manufactured state);

(b)     “artistic work” means a piece of work falling within section 4(1)(a) of the Copyright, Designs and Patents Act 1988;

(c)     “face-value voucher” means a voucher in physical form that represents a right to receive goods or services

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