(1) The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows.
(2) In section 34 (power to require overseas entity to register if it owns certain land) -
(a) in subsection (4)(a), for "the maximum summary term for either-way offences" substitute "a term not exceeding the general limit in a magistrates’ court";
(b) omit subsection (5).
(3) In section 36 (meaning of "daily default fine") after "applies for" insert "the".