Just a snippet from the above link:
What happens if you do not surrender an item during the surrender period?
Once the surrender period comes to an end on 23 September 2024, 23:59hrs ’zombie-style’ knives and ‘zombie-style’ machetes will be prohibited. If you are still in possession of one of these items at this point, your possession will become unlawful unless you have a defence. Once the surrender scheme closes, you will still be able to surrender the items to the police, but you might be liable for prosecution having possessed it, and you will not be able to claim compensation for the loss of the item.
I've just asked at one of the designated drop-off police stations. Surprisingly, they seemed to have been briefed on this new law. Person said that once you hand it in - meaning you'll never get it back - you'll have to accept the compensation offered.
I'd like to know who is valuing the knives? I remember they did the same thing with handguns after Hungerford, but have a feeling this will be different. Not as generous.
Please understand, I'm not angry or flustered. I now find it interesting and amusing, nothing more. Standing by to watch as people explode when their custom Chris Reeve 'Hollywood' knives are handed in for pennies.
I predict that this is merely stage one. A more restrictive Stage two is probably being worked on.