keep The Economic Crime and Corporate Transparency Act 2023 (Commencement No. 4) Regulations 2025
Commencement regulation that brings specified provisions of the Economic Crime and Corporate Transparency Act 2023 into force on set dates (18th March 2025 for identity verification and corporate service provider provisions; 1st September 2025 for 'failure to prevent fraud' offences). Also updates commencement references in four other statutory instruments from conditional triggers to fixed dates.
This is a procedural commencement instrument that merely activates statutory provisions already enacted by Parliament. It does not independently impose regulatory burdens. Deleting it would leave substantive provisions of the ECCT Act permanently dormant, frustrating parliamentary intent and creating legal uncertainty. The regulation serves a necessary constitutional function in determining when already-passed legislation takes effect. Any concern about the underlying policy (such as the 'failure to prevent fraud' strict liability offence) is properly directed at the primary statute, not this commencement mechanism.