49 Power to extend period for which interim freezing order has effect: England and Wales and Northern Ireland
Economic Crime (Transparency and Enforcement) Act 2022 (2022 c 10) | Legislation

49  Power to extend period for which interim freezing order has effect: England and Wales and Northern Ireland

(1)     The Proceeds of Crime Act 2002 is amended as follows.

(2)     In section 362D (effect of order: cases of compliance or purported compliance)—

(a)     in subsection (3), at the end insert “, or that period as it may be extended by virtue of section 362DA or 362DB (the “determination period”)”;

(b)     in subsection (4), for “60 day period mentioned in subsection (3)” substitute “determination period”.

(3)     After that section insert—

“362DA Extension of period for making determination where interim freezing order has been made

(1)     The High Court may, on an application made by the enforcement authority, extend the determination period if satisfied that—

(a)     the enforcement authority is working diligently and expeditiously towards making a determination under section 362D(2),

(b)     further time is needed for the authority to make that determination, and

(c)     it is reasonable in all the circumstances for the period to be

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