Economic Crime (Transparency and Enforcement) Act 2022

March 14, 2022

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<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="part-1"><num>PART

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-introduction"><heading>Introduction</heading><section eId="section-1"><num>1</num><heading>Overview</he

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1"><num>1</num><heading>Overview</heading><intro>This Part—</intro><level class="para1" eId="section-1-a"><num>(a)</num><content>sets up a register of overseas entities, which will include information about thei

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-1-a"><num>(a)</num><content>sets up a register of overseas entities, which will include information about their beneficial owners (sections 3 to 32), and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-1-b"><num>(b)</num><content>makes provision that, broadly speaking, is designed to compel overseas entities to register if they own land (sections 33 and 34).</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-2"><num>2</num><heading>Definition of “overseas entity” etc</heading><subsection eId="section-2-1"><num>(1)</num><content>In this Part “<term refersTo="#term-overseas-entity" eId="term-overseas-entity">overseas entity<

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-2-1"><num>(1)</num><content>In this Part “<term refersTo="#term-overseas-entity" eId="term-overseas-entity">overseas entity</term>” means a legal entity that is governed by the law of a country or territory outside

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-2-2"><num>(2)</num><content>In this Part “<term refersTo="#term-legal-entity" eId="term-legal-entity">legal entity</term>” means a body corporate, partnership or other entity that (in each case) is a legal person un

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" name="crossheadi

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-3"><num>3</num><heading>Register of overseas entities</heading><subsection eId="section-3-1"><nu

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-1"><num>(1)</num><content>The registrar of companies for England and Wales (“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>”) must keep a register of overseas entities in accord

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-3-2"><num>(2)</num><intro>The register is to consist of—</intro><level class="para1" e

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-2-a"><num>(a)</num><content>a list of registered overseas entities,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-3-2-b"><num>(b)</num><content>documents delivered to the registrar under this Par

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-2-c"><num>(c)</num><content>any other information required to be included in the register by this Part or regulations made under it.</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-3-2-ba"><num><ins class="first" ukl:ChangeId="key-89f872aa95f0fb6975c7ed21ed98e16a-1

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-3"><num>(3)</num><intro>The list of registered overseas entities must contain the name of each overseas entity that—</intro><level class="para1" eId="section-3-3-a"><num>(a)</num><content>has made an applic

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-3-a"><num>(a)</num><content>has made an application for registration in accordance with the requirements of this Part (see section 4), and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-3-b"><num>(b)</num><content>has not been removed from the list under section 10.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-4"><num>4</num><heading>Application for registration</heading><sub

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-1"><num>(1)</num><intro>An application by an overseas entity for registration must be delivered to the registrar and contain—</intro><level class="para1" eId="section-4-1-a"><num>(a)</num><content>the state

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-1-a"><num>(a)</num><content>the statement and information listed in row 1, 2 or 3 of the table, and, where applicable, the statement and information mentioned in subsection <ref href="#section-4-3">(3)</r

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-1-b"><num>(b)</num><content>a statement that the entity has complied with section 12 (duty to take steps to identify registrable beneficial owners etc),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-1-c"><num>(c)</num><content>anything required by regulations under section 16 (verification of registrable beneficial owners and managing officers) to be delivered to the registrar, and</content></lev

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-1-d"><num>(d)</num><content>the name and contact details of an individual who may be contacted about the application.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-4-2"><num>(2)</num><content>This is the table—<tblock cl

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-3"><num>(3)</num><intro>Where an application includes information that a registrable beneficial owner is a trustee (see paragraphs 3(1)(f) and 5(1)(h) of Schedule 1), the application must also include—</intro>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-3-a"><num>(a)</num><content>the required information about the trust or so much of that information as the overseas entity has been able to obtain, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-3-b"><num>(b)</num><content>a statement as to whether the entity has any reasonable cause to believe that there is required information about the trust that it has not been able to obtain.</content></

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-4"><num>(4)</num><content>For the required information, see Schedule 1.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-5"><num>(5)</num><content>For the meaning of “registrable beneficial owner”, see Schedule 2.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-6"><num>(6)</num><content>The Secretary of State may by regulations specify additional statements or information that must be included in an application under this section.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-7"><num>(7)</num><content>Regulations under subsection <ref href="#section-4-6">(6)</ref> are subject to the negative resolution procedure.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-5"><num>5</num><heading>Registration and allocation of overseas entity ID</heading><subsection eId="section-5-1"><num>(1)</num><intro>On the registration of an overseas entity under this Part, the registrar must—</

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-5-1"><num>(1)</num><intro>On the registration of an overseas entity under this Part, the registrar must—</intro><level class="para1" eId="section-5-1-a"><num>(a)</num><content>record the date of registration

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-5-1-a"><num>(a)</num><content>record the date of registration in the register,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-5-1-b"><num>(b)</num><content>allocate an overseas entity ID to the entity, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-5-1-c"><num>(c)</num><content>record the overseas entity ID in the register.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-5-2"><num>(2)</num><content>Overseas entity IDs are to be in such form, consisting of one or more sequences of figures or letters, as the registrar may determine.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-5-3"><num>(3)</num><content>The registrar may adopt a new form of overseas entity ID and make such changes to existing overseas entity IDs as appear necessary.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-5-4"><num>(4)</num><content>A change of an overseas entity ID has effect from the date on which the overseas entity is notified by the registrar of the change.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6"><num>6</num><heading>Notice of registration</heading><subsection eId="section-6-1"><num>(1)</num><content>On the registration of an overseas entity under this Part, the registrar must notify the overseas entity that

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-1"><num>(1)</num><content>On the registration of an overseas entity under this Part, the registrar must notify the overseas entity that it has been registered.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-2"><num>(2)</num><intro>The notice must state—</intro><level class="para1" eId="section-6-2-a"><num>(a)</num><content>the date of registration, and</content></level><level class="para1" eId="section-6-2

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-2-a"><num>(a)</num><content>the date of registration, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-2-b"><num>(b)</num><content>the overseas entity ID allocated to the entity.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-3"><num>(3)</num><intro>The notice must also contain information about—</intro><level class="para1" eId="section-6-3-a"><num>(a)</num><content>the updating duty under section 7 and the consequences of faili

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-3-a"><num>(a)</num><content>the updating duty under section 7 and the consequences of failing to comply with it;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-3-b"><num>(b)</num><content>applying under section 9 for removal from the list of registered overseas entities.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-7"><nu

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-7-1"><num>(1)</num><intro>A registered overseas entity must, within the period of 14 days

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-7-1-a"><num>(a)</num><content>the statement and information listed in row 1, 2 or

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-7-1-b"><num>(b)</num><content>the statement in row 1 of the table set out in subs

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-1-c"><num>(c)</num><content>a statement that the entity has complied with section 12 (duty to take steps to identify registrable beneficial owners etc),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-1-d"><num>(d)</num><content>anything required by regulations under section 16 (verification of registrable beneficial owners and managing officers) to be delivered to the registrar, and</content></lev

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-1-e"><num>(e)</num><content>the name and contact details of an individual who may be contacted about the statements and information.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-7-2"><num>(2)</num><content>This is the table referred to in

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-7-3"><num>(3)</num><intro>Where information provided under subsection <ref href="#section-

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-7-3-a"><num>(a)</num><content>the required information about the trust or so much

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-7-3-b"><num>(b)</num><content>a statement as to whether the entity has any reason

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-7-3-c"><num><ins ukl:ChangeId="key-4d897f23e1e69a0f55a600e39448ba19-1702549977202" ukl:CommentaryRef="key-4d897f23e1e69a0f55a600e39448ba19">(c)<

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-7-4"><num>(4)</num><intro>Where information provided under subsection <ref href="#section-

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-7-4-a"><num>(a)</num><content>the required information about the trust or so much

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-7-4-b"><num>(b)</num><content>a statement as to whether the entity has any reason

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-7-4-c"><num><ins ukl:ChangeId="key-41430c75b9d61037e1f3c4e1d9d81aad-1702550096186" ukl:CommentaryRef="key-41430c75b9d61037e1f3c4e1d9d81aad">(c)<

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7-5"><num>(5)</num><content>For the required information, see Schedule 1.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:xhtml="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-7-4A"

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-7-6"><num>(6)</num><content><del class="first" ukl:ChangeId="key-595290327197ffcb6e1ffbb22

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-7-7"><num>(7)</num><intro><del class="first" ukl:ChangeId="key-595290327197ffcb6e1ffbb222c

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-7-7-a"><num><ins ukl:ChangeId="key-595290327197ffcb6e1ffbb222c48dcc-1702550202409" ukl:CommentaryRef="key-595290327197ffcb6e1ffbb222c48dcc">(a)<

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-7-7-b"><num><ins ukl:ChangeId="key-595290327197ffcb6e1ffbb222c48dcc-1702550202409" ukl:CommentaryRef="key-595290327197ffcb6e1ffbb222c48dcc">(b)<

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7-8"><num>(8)</num><content>A requirement in subsection <ref href="#section-7-1">(1)</ref> to provide information may be met (in whole or in part) by confirming information previously provided.</content></subsec

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7-9"><num>(9)</num><intro>For the purposes of this section, each of the following is an update period—</intro><level class="para1" eId="section-7-9-a"><num>(a)</num><content>the period of 12 months beginning

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-9-a"><num>(a)</num><content>the period of 12 months beginning with the date of the overseas entity’s registration;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-9-b"><num>(b)</num><content>each period of 12 months beginning with the day after the end of the previous update period.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-7-7A"><num><ins class="first" ukl:ChangeId="key-595290327197ffcb6e1ffbb222c48dcc-170255021755

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7-10"><num>(10)</num><intro>But a registered overseas entity may shorten an update period by—</intro><level class="para1" eId="section-7-10-a"><num>(a)</num><content>notifying the registrar of the shortened u

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-10-a"><num>(a)</num><content>notifying the registrar of the shortened update period, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-10-b"><num>(b)</num><content>delivering the statements and information required by subsection <ref href="#section-7-1">(1)</ref> within the period of 14 days after that shortened update period.</conte

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7-11"><num>(11)</num><content>The Secretary of State may by regulations amend this section for the purpose of changing the meaning of update period in this section.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7-12"><num>(12)</num><content>Regulations under this section are subject to the affirmative resolution procedure.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8"><num>8</num><heading>Failure to comply with updating duty</heading><subsection eId="section-8-1"><num>(1)</num><intro>If a registered overseas entity fails to comply with the duty under section 7 an offence is commi

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8-1"><num>(1)</num><intro>If a registered overseas entity fails to comply with the duty under section 7 an offence is committed by—</intro><level class="para1" eId="section-8-1-a"><num>(a)</num><content>the e

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-1-a"><num>(a)</num><content>the entity, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-1-b"><num>(b)</num><content>every officer of the entity who is in default.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8-2"><num>(2)</num><intro>A person guilty of an offence under subsection <ref href="#section-8-1">(1)</ref> is liable on summary conviction—</intro><level class="para1" eId="section-8-2-a"><num>(a)</num><content

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-2-a"><num>(a)</num><content>in England and Wales to a fine and, for continued contravention, a daily default fine not exceeding the greater of £2,500 and one half of level 4 on the standard scale;</co

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-2-b"><num>(b)</num><content>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one half of level 5

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8-3"><num>(3)</num><content>The contravention continues until such time as the registered overseas entity has delivered the statements and information required by section 7(1).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8-4"><num>(4)</num><content>In the case of continued contravention, an offence is also committed by every officer of the registered overseas entity who did not commit an offence under subsection <ref href="#section-

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8-5"><num>(5)</num><intro>A person guilty of an offence under subsection <ref href="#section-8-4">(4)</ref> is liable on summary conviction—</intro><level class="para1" eId="section-8-5-a"><num>(a)</num><content

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-5-a"><num>(a)</num><content>in England and Wales, to a fine not exceeding the greater of £2,500 and one half of level 4 on the standard scale for each day on which the contravention continues and the pers

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-5-b"><num>(b)</num><content>in Scotland or Northern Ireland, to a fine not exceeding one half of level 5 on the standard scale for each day on which the contravention continues and the person is in defaul

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-9"><nu

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-9-1"><num>(1)</num><intro>An application by a registered overseas entity for removal from

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-9-1-a"><num>(a)</num><content>a statement confirming that the entity is not registered as the proprietor of a relevant interest in land,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-9-1-b"><num>(b)</num><content>the statement and information listed in row 1, 2 or

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-9-1-c"><num>(c)</num><content>the statement in row 1 of the table set out in subs

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-9-1-d"><num>(d)</num><content>a statement that the entity has complied with section 12 (duty to take steps to identify registrable beneficial owners etc),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-9-1-e"><num>(e)</num><content>anything required by regulations under section 16 (verification of registrable beneficial owners and managing officers) to be delivered to the registrar, and</content></lev

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-9-1-f"><num>(f)</num><content>the name and contact details of an individual who may be contacted about the application.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:default="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-9-2"><num>(2)</num><content>This is the table referred to in

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-9-3"><num>(3)</num><intro>Where information provided under subsection <ref href="#section-

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-9-3-a"><num>(a)</num><content>the required information about the trust or so much

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-9-3-b"><num>(b)</num><content>a statement as to whether the entity has any reason

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-9-3-c"><num><ins ukl:ChangeId="key-4cb74ea34501205c50650b4aba0f203c-1702550611211" ukl:CommentaryRef="key-4cb74ea34501205c50650b4aba0f203c">(c)<

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-9-4"><num>(4)</num><intro>Where information provided under subsection <ref href="#section-

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-9-4-a"><num>(a)</num><content>the required information about the trust or so much

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-9-4-b"><num>(b)</num><content>a statement as to whether the entity has any reason

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-9-4-c"><num><ins ukl:ChangeId="key-d95082fd1eea614da27440008789c76c-1702550685478" ukl:CommentaryRef="key-d95082fd1eea614da27440008789c76c">(c)<

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-9-5"><num>(5)</num><content>For the required information, see Schedule 1.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:xhtml="http://www.w3.org/1999/xhtml" xmlns:fo="http://www.w3.org/1999/XSL/Format" eId="section-9-4A"

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-9-6"><num>(6)</num><intro>For the purposes of <del class="first" ukl:ChangeId="key-13f2c7d

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-9-6-a"><num>(a)</num><content>beginning with the date of the overseas entity’s registration or (if later) the end of its last update period, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-9-6-b"><num>(b)</num><content>ending with the date of the application for removal.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-9-7"><num>(7)</num><content><del class="first" ukl:ChangeId="key-df886ce4e692378ec0d0e0d66

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-9-8"><num>(8)</num><intro><del class="first" ukl:ChangeId="key-df886ce4e692378ec0d0e0d660b

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-9-8-a"><num><ins ukl:ChangeId="key-df886ce4e692378ec0d0e0d660bcfc78-1702550834488" ukl:CommentaryRef="key-df886ce4e692378ec0d0e0d660bcfc78">(a)<

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-9-8-b"><num><ins ukl:ChangeId="key-df886ce4e692378ec0d0e0d660bcfc78-1702550834488" ukl:CommentaryRef="key-df886ce4e692378ec0d0e0d660bcfc78">(b)<

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-9-9"><num>(9)</num><content>The requirement in subsection <ref href="#section-9-1">(1)</ref> to provide information may be met (in whole or in part) by confirming information previously provided.</content></subs

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-9-10"><num>(10)</num><intro>For the purposes of this section and section 10 an overseas entity is registered as the proprietor of a relevant interest in land if—</intro><level class="para1" eId="section-9-10-a">

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-9-10-a"><num>(a)</num><intro>the entity—</intro><level class="para2" eId="section-9-10-a-i"><num>(i)</num><content>is registered in the register of title kept under the Land Registration Act 2002 as

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-9-10-a-i"><num>(i)</num><content>is registered in the register of title kept under the Land Registration Act 2002 as the proprietor of a qualifying estate within the meaning of Schedule 4A to that Act, and<

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-9-10-a-ii"><num>(ii)</num><content>became so registered in pursuance of an application made on or after 1 January 1999,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-9-10-b"><num>(b)</num><intro>the entity—</intro><level class="para2" eId="section-9-10-b-i"><num>(i)</num><content>is entered, on or after 8 December 2014, as proprietor in the proprietorship section

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-9-10-b-i"><num>(i)</num><content>is entered, on or after 8 December 2014, as proprietor in the proprietorship section of the title sheet for a plot of land that is registered in the Land Register of Scotlan

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-9-10-b-ii"><num>(ii)</num><content>in relation to a lease that was recorded in the General Register of Sasines or registered in the Land Register of Scotland before that date is, by virtue of an assignation

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-9-10-b-iii"><num>(iii)</num><content>is the tenant under a lease that was registered in the Land Register of Scotland on or after that date, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-9-10-c"><num>(c)</num><intro>the entity—</intro><level class="para2" eId="section-9-10-c-i"><num>(i)</num><content>is registered in the register kept under the <ref eId="c00001" href="http://www.legi

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-9-10-c-i"><num>(i)</num><content>is registered in the register kept under the <ref eId="c00001" href="http://www.legislation.gov.uk/id/apni/1970/18">Land Registration Act (Northern Ireland) 1970 (c. 18 (N.I

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-9-10-c-ii"><num>(ii)</num><content>became so registered on or after the day on which that Schedule came into force.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-9-8A"><num><ins class="first" ukl:ChangeId="key-df886ce4e692378ec0d0e0d660bcfc78-170255085127

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-9-11"><num>(11)</num><content>In subsection <ref href="#section-9-10-b">(10)(b)</ref>, “<term refersTo="#term-lease" eId="term-lease">lease</term>”, “<term refersTo="#term-plot-of-land" eId="term-plot-of-land">plot

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-9-12"><num>(12)</num><intro>For the purposes of subsection <ref href="#section-9-10-b-i">(10)(b)(i)</ref>—</intro><level class="para1" eId="section-9-12-a"><num>(a)</num><content>the reference to an overseas

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-9-12-a"><num>(a)</num><content>the reference to an overseas entity’s being entered as proprietor in the proprietorship section of a title sheet is a reference to the name of the entity being so entered, and

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-9-12-b"><num>(b)</num><content>the date on which an overseas entity is entered as proprietor in the proprietorship section of a title sheet is, where the entry is made by virtue of an application for regist

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-10"><num>10</num><heading>Processing of application under section 9</heading><subsection eId="se

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-10-1"><num>(1)</num><content>On receipt of an application by a registered overseas entity under section 9, the registrar must check whether the overseas entity is registered as the proprietor of a relevant interest

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-10-2"><num>(2)</num><content>If the overseas entity is not registered as the proprietor of

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-10-3"><num>(3)</num><content>If the overseas entity is registered as the proprietor of a r

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-10-4"><num>(4)</num><intro>The registrar must send the overseas entity a notice stating—</intro><level class="para1" eId="section-10-4-a"><num>(a)</num><content>whether the application for removal has been su

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-10-4-a"><num>(a)</num><content>whether the application for removal has been successful, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-10-4-b"><num>(b)</num><content>if it has been successful, the date of removal from the list of registered overseas entities.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-10-3A"><num><ins class="first" ukl:ChangeId="key-1bbc9c78815ebbf9542a4ff7dac2ad56-17025510873

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-10-3A-a"><num><ins ukl:ChangeId="key-1bbc9c78815ebbf9542a4ff7dac2ad56-1702551087330" ukl:CommentaryRef="key-1bbc9c78815ebbf9542a4ff7dac2ad56">(a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-10-3A-b"><num><ins ukl:ChangeId="key-1bbc9c78815ebbf9542a4ff7dac2ad56-1702551087330" ukl:CommentaryRef="key-1bbc9c78815ebbf9542a4ff7dac2ad56">(b

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-10-5"><num>(5)</num><content>Where an overseas entity is removed from the list of registered overseas entities, the registrar must record the date of removal in the register.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-11"><num>11</num><heading>Transfer of documents to Public Record Office</heading><content>Where an overseas entity has been removed from the list of registered overseas entities for at least two years, the registrar ma

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-obtaining-updating-and-verifiying-informati

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-12"><num>12</num><heading><del class="first last" ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-12-1"><num><del class="first" ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f6c80-170255125858

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-12-1-a"><num><del ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f6c80-1702551258585" ukl:CommentaryRef="key-ecd9b374f5a2fa21796d5441720f6c80">(a)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-12-1-b"><num><del ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f6c80-1702551258585" ukl:CommentaryRef="key-ecd9b374f5a2fa21796d5441720f6c80">(b)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-12-1-c"><num><del ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f6c80-1702551258585" ukl:CommentaryRef="key-ecd9b374f5a2fa21796d5441720f6c80">(c)

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-12-2"><num><del ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f6c80-1702551258585" ukl:CommentaryRef="key-ecd9b374f5a2fa21796d5441720f6c80">(2)</del></num

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-12-2-a"><num><del ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f6c80-1702551258585" ukl:CommentaryRef="key-ecd9b374f5a2fa21796d5441720f6c80">(a)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-12-2-b"><num><del ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f6c80-1702551258585" ukl:CommentaryRef="key-ecd9b374f5a2fa21796d5441720f6c80">(b)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="section-12-2-b-i"><num><del ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f6c80-1702551258585" ukl:CommentaryRef="key-ecd9b374f5a2fa21796d5441720f6c80">(

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-12-3"><num><del ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f6c80-1702551258585" ukl:CommentaryRef="key-ecd9b374f5a2fa21796d5441720f6c80">(3)</del></num

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-12-4"><num><del ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f6c80-1702551258585" ukl:CommentaryRef="key-ecd9b374f5a2fa21796d5441720f6c80">(4)</del></num

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-12-4-a"><num><del ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f6c80-1702551258585" ukl:CommentaryRef="key-ecd9b374f5a2fa21796d5441720f6c80">(a)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-12-4-b"><num><del ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f6c80-1702551258585" ukl:CommentaryRef="key-ecd9b374f5a2fa21796d5441720f6c80">(b)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-12-4-c"><num><del ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f6c80-1702551258585" ukl:CommentaryRef="key-ecd9b374f5a2fa21796d5441720f6c80">(c)

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-12-5"><num><del ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f6c80-1702551258585" ukl:CommentaryRef="key-ecd9b374f5a2fa21796d5441720f6c80">(5)</del></num

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-13"><num>13</num><heading>Additional powers to obtain information</heading><subsection eId="sect

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-13-1"><num>(1)</num><intro>An overseas entity may give a person an information notice under this section if it knows or has reasonable cause to believe that the person knows the identity of—</intro><level class=

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-13-1-a"><num>(a)</num><content>a person who is a registrable beneficial owner in relation to the overseas entity,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-13-1-b"><num>(b)</num><content>any legal entity not falling within paragraph <ref href="#section-13-1-a">(a)</ref> that is a beneficial owner in relation to the overseas entity, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-13-1-c"><num>(c)</num><content>a person likely to have knowledge of the identity of a person within paragraph <ref href="#section-13-1-a">(a)</ref> or <ref href="#section-13-1-b">(b)</ref>.</content></l

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-13-2"><num>(2)</num><intro>An information notice under this section is a notice requiring the addressee—</intro><level class="para1" eId="section-13-2-a"><num>(a)</num><content>to state whether or not the add

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-13-2-a"><num>(a)</num><content>to state whether or not the addressee knows the identity of a person within paragraph <ref href="#section-13-1-a">(a)</ref>, <ref href="#section-13-1-b">(b)</ref> or <ref href

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-13-2-b"><num>(b)</num><intro>if so—</intro><level class="para2" eId="section-13-2-b-i"><num>(i)</num><content>to supply any information that the addressee has that might help the overseas entity to i

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-13-2-b-i"><num>(i)</num><content>to supply any information that the addressee has that might help the overseas entity to identify that person, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-13-2-b-ii"><num>(ii)</num><content>to state whether that information is being supplied with the knowledge of the person to whom it relates.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-13-3"><num>(3)</num><content>An information notice under this section must require the person to whom it is given to comply with the notice within the period of one month beginning with the day on which it is given.

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-13-4"><num>(4)</num><content>A person given a notice under subsection <ref href="#section-13-1">(1)</ref> is not required by that notice to disclose any information in respect of which a claim to legal professional

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-13-5"><num>(5)</num><content>In this section a reference to knowing the identity of a person includes knowing information from which that person can be identified.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-13-6"><num><ins class="first" ukl:ChangeId="key-e974b7f07bb06d1cc48cc5ac6f98a584-170255136982

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-14"><num>14</num><heading>Sections 12 and 13: supplementary</heading><subsection eId="section-14-1"><num>(1)</num><content>The Secretary of State may by regulations make further provision about the giving of notices un

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-14-1"><num>(1)</num><content>The Secretary of State may by regulations make further provision about the giving of notices under section 12 or 13, including provision about the form and content of any such notices an

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-14-2"><num>(2)</num><content>Regulations under subsection <ref href="#section-14-1">(1)</ref> are subject to the negative resolution procedure.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-15"><num><ins class="first" ukl:ChangeId="key-08d6e6e0bd08d84a0e9b673f9822c2c3-1702546970671" uk

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-1"><num>(1)</num><content>A person who, without reasonable excuse, fails to comply with a notice under section 12 or 13 commits an offence.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-15-1n1"><num><ins ukl:ChangeId="key-08d6e6e0bd08d84a0e9b673f9822c2c3-1702546970671" ukl:CommentaryRef="key-08d6e6e0bd08d84a0e9b673f9822c2c3">(1)</ins></n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-2"><num>(2)</num><intro>A person who is given a notice under section 12 or 13 commits an offence if, in purported compliance with the notice, the person—</intro><level class="para1" eId="section-15-2-a"><num>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-2-a"><num>(a)</num><content>makes a statement that the person knows to be false in a material particular, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-2-b"><num>(b)</num><content>recklessly makes a statement that is false in a material particular.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-15-2n1"><num><ins ukl:ChangeId="key-08d6e6e0bd08d84a0e9b673f9822c2c3-1702546970671" ukl:CommentaryRef="key-08d6e6e0bd08d84a0e9b673f9822c2c3">(2)</ins></n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-3"><num>(3)</num><content>Where an offence under subsection <ref href="#section-15-1">(1)</ref> or <ref href="#section-15-2">(2)</ref> is committed by a legal entity, the offence is also committed by every office

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-15-3n1"><num><ins ukl:ChangeId="key-08d6e6e0bd08d84a0e9b673f9822c2c3-1702546970671" ukl:CommentaryRef="key-08d6e6e0bd08d84a0e9b673f9822c2c3">(3)</ins></n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-4"><num>(4)</num><content>A person does not commit an offence under subsection <ref href="#section-15-1">(1)</ref>, or under subsection <ref href="#section-15-3">(3)</ref> as it applies in relation to subsection

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-15-4n1"><num><ins ukl:ChangeId="key-08d6e6e0bd08d84a0e9b673f9822c2c3-1702546970671" ukl:CommentaryRef="key-08d6e6e0bd08d84a0e9b673f9822c2c3">(4)</ins></n

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-15-4-a"><num><ins ukl:ChangeId="key-08d6e6e0bd08d84a0e9b673f9822c2c3-1702546970671" ukl:CommentaryRef="key-08d6e6e0bd08d84a0e9b673f9822c2c3">(a)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-15-4-b"><num><ins ukl:ChangeId="key-08d6e6e0bd08d84a0e9b673f9822c2c3-1702546970671" ukl:CommentaryRef="key-08d6e6e0bd08d84a0e9b673f9822c2c3">(b)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-15-4-c"><num><ins ukl:ChangeId="key-08d6e6e0bd08d84a0e9b673f9822c2c3-1702546970671" ukl:CommentaryRef="key-08d6e6e0bd08d84a0e9b673f9822c2c3">(c)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-15-4-d"><num><ins ukl:ChangeId="key-08d6e6e0bd08d84a0e9b673f9822c2c3-1702546970671" ukl:CommentaryRef="key-08d6e6e0bd08d84a0e9b673f9822c2c3">(d)

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-5"><num>(5)</num><intro>A person guilty of an offence under this section is liable—</intro><level class="para1" eId="section-15-5-a"><num>(a)</num><content>on summary conviction in England and Wales, to im

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-5-a"><num>(a)</num><content>on summary conviction in England and Wales, to imprisonment for the maximum summary term for either-way offences or a fine (or both);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-5-b"><num>(b)</num><content>on summary conviction in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-5-c"><num>(c)</num><content>on summary conviction in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-5-d"><num>(d)</num><content>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-6"><num>(6)</num><intro>In subsection <ref href="#section-15-5-a">(5)(a)</ref> “<term refersTo="#term-the-maximum-summary-term-for-either-way-offences" eId="term-the-maximum-summary-term-for-either-way-offences">

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-6-a"><num>(a)</num><content>in relation to an offence committed before the time when paragraph 24(2) of Schedule 22 to the Sentencing Act 2020 comes into force, 6 months;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-6-b"><num>(b)</num><content>in relation to an offence committed after that time, 12 months.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-16"><num>16</num><heading>Verification of registrable beneficial owners and managing officers</h

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-16-1"><num>(1)</num><intro>The Secretary of State must by regulations make provision requi

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-16-1-a"><num>(a)</num><content>makes an application under section 4 for registration;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-16-1-b"><num>(b)</num><content>complies with the updating duty under section 7;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-16-1-c"><num>(c)</num><content>makes an application under section 9 for removal.</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-16-1-d"><num><ins class="first" ukl:ChangeId="key-4fcdc057d916b2741add643a135f072c-1

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-16-2"><num>(2)</num><intro>Regulations under this section may, among other things, make pr

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-16-2-a"><num>(a)</num><content>about the information that must be verified;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-16-2-b"><num>(b)</num><content>about the person by whom the information must be verified;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-16-2-aa"><num><ins class="first" ukl:ChangeId="key-1de0a651031f05f70808cdcddead77a1-

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-16-2-c"><num>(c)</num><content>requiring a statement, evidence or other information to be delivered to the registrar for the purposes of sections 4<ref href="#section-4-1-c">(1)(c)</ref>, 7<ref href="#secti

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-16-2-ab"><num><ins ukl:ChangeId="key-1de0a651031f05f70808cdcddead77a1-1702551467424" ukl:CommentaryRef="key-1de0a651031f05f70808cdcddead77a1">(a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-16-2-ba"><num><ins class="first" ukl:ChangeId="key-7ae7d730ac3802bb68a4b2807c614671-

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-16-2-d"><num><ins class="first" ukl:ChangeId="key-a645eed5db5bd3aee4982af30a099273-1

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-16-2-e"><num><ins class="first" ukl:ChangeId="key-096a05f6362de3ec9aa7bac4e4ce1cfa-1

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-3"><num>(3)</num><content>The first regulations under this section must be made so as to come into force before any applications may be made under section 4(1).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-16-2A"><num><ins class="first" ukl:ChangeId="key-c9747451a94590a57421ae73cc7eb90b-17025518151

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-4"><num>(4)</num><content>Regulations under this section are subject to the negative resolution procedure.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-16-2B"><num><ins ukl:ChangeId="key-c9747451a94590a57421ae73cc7eb90b-1702551815141" ukl:CommentaryRef="key-c9747451a94590a57421ae73cc7eb90b">(2B)</ins></n

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-16-2B-a"><num><ins ukl:ChangeId="key-c9747451a94590a57421ae73cc7eb90b-1702551815141" ukl:CommentaryRef="key-c9747451a94590a57421ae73cc7eb90b">(a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-16-2B-b"><num><ins ukl:ChangeId="key-c9747451a94590a57421ae73cc7eb90b-1702551815141" ukl:CommentaryRef="key-c9747451a94590a57421ae73cc7eb90b">(b

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-16-2B-c"><num><ins ukl:ChangeId="key-c9747451a94590a57421ae73cc7eb90b-1702551815141" ukl:CommentaryRef="key-c9747451a94590a57421ae73cc7eb90b">(c

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-15A"><num><ins class="first" ukl:ChangeId="key-08d6e6e0bd08d84a0e9b673f9822c2c3-1702546997126" u

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-15A-1"><num><ins ukl:ChangeId="key-08d6e6e0bd08d84a0e9b673f9822c2c3-1702546997126" ukl:CommentaryRef="key-08d6e6e0bd08d84a0e9b673f9822c2c3">(1)</ins></nu

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-15A-2"><num><ins ukl:ChangeId="key-08d6e6e0bd08d84a0e9b673f9822c2c3-1702546997126" ukl:CommentaryRef="key-08d6e6e0bd08d84a0e9b673f9822c2c3">(2)</ins></nu

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-15A-3"><num><ins ukl:ChangeId="key-08d6e6e0bd08d84a0e9b673f9822c2c3-1702546997126" ukl:CommentaryRef="key-08d6e6e0bd08d84a0e9b673f9822c2c3">(3)</ins></nu

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-15A-3-a"><num><ins ukl:ChangeId="key-08d6e6e0bd08d84a0e9b673f9822c2c3-1702546997126" ukl:CommentaryRef="key-08d6e6e0bd08d84a0e9b673f9822c2c3">(a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-15A-3-b"><num><ins ukl:ChangeId="key-08d6e6e0bd08d84a0e9b673f9822c2c3-1702546997126" ukl:CommentaryRef="key-08d6e6e0bd08d84a0e9b673f9822c2c3">(b

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-15A-3-c"><num><ins ukl:ChangeId="key-08d6e6e0bd08d84a0e9b673f9822c2c3-1702546997126" ukl:CommentaryRef="key-08d6e6e0bd08d84a0e9b673f9822c2c3">(c

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-15B"><num><ins ukl:ChangeId="key-08d6e6e0bd08d84a0e9b673f9822c2c3-1702546997126" ukl:CommentaryRef="key-08d6e6e0bd08d84a0e9b673f9822c2c3">15B</ins></num><he

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-15B-1"><num><ins ukl:ChangeId="key-08d6e6e0bd08d84a0e9b673f9822c2c3-1702546997126" ukl:CommentaryRef="key-08d6e6e0bd08d84a0e9b673f9822c2c3">(1)</ins></nu

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-15B-2"><num><ins ukl:ChangeId="key-08d6e6e0bd08d84a0e9b673f9822c2c3-1702546997126" ukl:CommentaryRef="key-08d6e6e0bd08d84a0e9b673f9822c2c3">(2)</ins></nu

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-15B-3"><num><ins ukl:ChangeId="key-08d6e6e0bd08d84a0e9b673f9822c2c3-1702546997126" ukl:CommentaryRef="key-08d6e6e0bd08d84a0e9b673f9822c2c3">(3)</ins></nu

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-15B-3-a"><num><ins ukl:ChangeId="key-08d6e6e0bd08d84a0e9b673f9822c2c3-1702546997126" ukl:CommentaryRef="key-08d6e6e0bd08d84a0e9b673f9822c2c3">(a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-15B-3-b"><num><ins ukl:ChangeId="key-08d6e6e0bd08d84a0e9b673f9822c2c3-1702546997126" ukl:CommentaryRef="key-08d6e6e0bd08d84a0e9b673f9822c2c3">(b

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-15B-3-c"><num><ins ukl:ChangeId="key-08d6e6e0bd08d84a0e9b673f9822c2c3-1702546997126" ukl:CommentaryRef="key-08d6e6e0bd08d84a0e9b673f9822c2c3">(c

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-15B-3-d"><num><ins ukl:ChangeId="key-08d6e6e0bd08d84a0e9b673f9822c2c3-1702546997126" ukl:CommentaryRef="key-08d6e6e0bd08d84a0e9b673f9822c2c3">(d

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-exemptions"><heading>Exemptions</heading><s

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17"><num>17</num><heading>Power to modify application process etc in certain cases</heading><subsection eId="section-17-1"><num>(1)</num><content>The Secretary of State may by regulations modify the application require

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17-1"><num>(1)</num><content>The Secretary of State may by regulations modify the application requirements or the update requirements in relation to overseas entities of a description specified in the regulations.</

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17-2"><num>(2)</num><content>The regulations may modify the application or update requirements in relation to a description of overseas entity only if the Secretary of State considers that the modifications are appr

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17-3"><num>(3)</num><content>Regulations under subsection (1) may make such modifications to this Part as are consequential on those regulations.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17-4"><num>(4)</num><content>Regulations under subsection (1) are subject to the negative resolution procedure.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17-5"><num>(5)</num><intro>In this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-the-application-requirements" eId="term-the-application-requirements">the application requireme

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(d)</num><content>a local authority or local government body in the United Kingdom or elsewhere;</content></level>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="wrapper1"><subsection eId="section-12-1"><num><del class="first" ukl:ChangeId="key-ecd9b374f5a2fa217

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-12" class="schProv1"><num>12</num><intro>In this Part of this Schedule—</intro><hcontainer name="definition"><content>“<term refersTo="#term-the-commencement-date" eId="term-the-commencement-date"

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-the-commencement-date" eId="term-the-commencement-date">the commencement date</term>” means the day on which section 3(1) comes fully into force;</content></hcontainer>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-13" class="schProv1"><num>13</num><intro>For the purposes of paragraphs 10(1)(a) and 11(1)(a)—</intro><level class="para1" eId="schedule-4-paragraph-13-a"><num>(a)</num><content>references to an o

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-4-paragraph-13-a"><num>(a)</num><content>references to an overseas entity’s being entered as proprietor in the proprietorship section of a title sheet are references to the name of the entity being so ente

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-4-paragraph-13-b"><num>(b)</num><content>the date on which an overseas entity was entered as proprietor in the proprietorship section of a title sheet is, where the entry was made by virtue of an applicati

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-registered-proprietor" eId="term-registered-proprietor">registered proprietor</term>”, in relation to a qualifying estate, means the person entered as proprietor of the estate in

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-6" class="schProv1"><num>6</num><content>A person (“<term refersTo="#term-x" eId="term-x">X</term>”) is a “beneficial owner” of an oversea

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1"><num>(b)</num><content><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547206276" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">any

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18"><num>18</num><heading>Exemptions</heading><subsection eId="section-18-1"><num>(1)</num><intro>The Secretary of State may, by giving written notice to a person, exempt the person under this section if satisfied that

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18-1"><num>(1)</num><intro>The Secretary of State may, by giving written notice to a person, exempt the person under this section if satisfied that to do so is necessary—</intro><level class="para1" eId="section

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-18-1-a"><num>(a)</num><content>in the interests of national security;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-18-1-b"><num>(b)</num><content>for the purposes of preventing or detecting serious crime.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18-2"><num>(2)</num><intro>The effect of an exemption is that—</intro><level class="para1" eId="section-18-2-a"><num>(a)</num><content>overseas entities are not required to take steps or give notices under se

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-18-2-a"><num>(a)</num><content>overseas entities are not required to take steps or give notices under section 12 in relation to the exempt person,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-18-2-b"><num>(b)</num><content>the exempt person is not required to comply with any notice given by an overseas entity under section 12 or 13 if the exempt person brings the existence of the exemption to th

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-18-2-c"><num>(c)</num><content>a notice given by an overseas entity under section 13 does not require any other person to supply information about the exempt person, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-18-2-d"><num>(d)</num><content>the exempt person does not count as a registrable beneficial owner in relation to any overseas entity for the purposes of this Part.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18-3"><num>(3)</num><intro>For the purposes of subsection <ref href="#section-18-1-b">(1)(b)</ref>—</intro><level class="para1" eId="section-18-3-a"><num>(a)</num><intro>“<term refersTo="#term-crime" eId="ter

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-18-3-a"><num>(a)</num><intro>“<term refersTo="#term-crime" eId="term-crime">crime</term>” means conduct which—</intro><level class="para2" eId="section-18-3-a-i"><num>(i)</num><content>constitutes a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-18-3-a-i"><num>(i)</num><content>constitutes a criminal offence, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-18-3-a-ii"><num>(ii)</num><content>is, or corresponds to, any conduct which, if it all took place in any one part of the United Kingdom, would constitute a criminal offence, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-18-3-b"><num>(b)</num><intro>crime is “serious” if—</intro><level class="para2" eId="section-18-3-b-i"><num>(i)</num><content>the offence which is or would be constituted by the conduct is an offence

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-18-3-b-i"><num>(i)</num><content>the offence which is or would be constituted by the conduct is an offence for which the maximum sentence (in any part of the United Kingdom) is imprisonment for 3 years or m

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-18-3-b-ii"><num>(ii)</num><content>the conduct involves the use of violence, results in substantial financial gain or is conduct by a large number of persons in pursuit of a common purpose.</content></l

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-17A"><num><ins class="first" ukl:ChangeId="key-a57966a3356b73312ab400ca95834a17-1702484425790" u

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-17A-1"><num><ins ukl:ChangeId="key-a57966a3356b73312ab400ca95834a17-1702484425790" ukl:CommentaryRef="key-a57966a3356b73312ab400ca95834a17">(1)</ins></nu

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-17A-2"><num><ins ukl:ChangeId="key-a57966a3356b73312ab400ca95834a17-1702484425790" ukl:CommentaryRef="key-a57966a3356b73312ab400ca95834a17">(2)</ins></nu

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-17A-3"><num><ins ukl:ChangeId="key-a57966a3356b73312ab400ca95834a17-1702484425790" ukl:CommentaryRef="key-a57966a3356b73312ab400ca95834a17">(3)</ins></nu

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-17A-3-a"><num><ins ukl:ChangeId="key-a57966a3356b73312ab400ca95834a17-1702484425790" ukl:CommentaryRef="key-a57966a3356b73312ab400ca95834a17">(a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-17A-3-b"><num><ins ukl:ChangeId="key-a57966a3356b73312ab400ca95834a17-1702484425790" ukl:CommentaryRef="key-a57966a3356b73312ab400ca95834a17">(b

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-17A-4"><num><ins ukl:ChangeId="key-a57966a3356b73312ab400ca95834a17-1702484425790" ukl:CommentaryRef="key-a57966a3356b73312ab400ca95834a17">(4)</ins></nu

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-language-requirement"><heading>Language requirement</heading><section eId="section-19"><num>19</num><he

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19"><num>19</num><heading>Documents to be in English</heading><content>Documents delivered to the registrar under this Part, or under regulations made under it, must be drawn up and delivered in English.</content><

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-annotation-of-the-register"><heading>Annotation of the register</heading><section eId="section-20"><num

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-20"><num>20</num><heading>Annotation of the register</heading><subsection eId="section-20-1"><num>(1)</num><intro>The registrar must place a note in the register recording—</intro><level class="para1" eId="section-

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-20-1"><num>(1)</num><intro>The registrar must place a note in the register recording—</intro><level class="para1" eId="section-20-1-a"><num>(a)</num><content>the date on which a document is delivered to the r

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-20-1-a"><num>(a)</num><content>the date on which a document is delivered to the registrar under this Part or regulations made under it, or otherwise in connection with the register;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-20-1-b"><num>(b)</num><content>if a document is replaced (whether or not material derived from it is removed), the fact that it has been replaced and the date of delivery of the replacement;</content></

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-20-1-c"><num>(c)</num><intro>if material is removed—</intro><level class="para2" eId="section-20-1-c-i"><num>(i)</num><content>what was removed (giving a general description of its contents),</co

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-20-1-c-i"><num>(i)</num><content>what was removed (giving a general description of its contents),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-20-1-c-ii"><num>(ii)</num><content>under what power, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-20-1-c-iii"><num>(iii)</num><content>the date on which that was done.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-20-2"><num>(2)</num><intro>The Secretary of State may by regulations make provision—</intro><level class="para1" eId="section-20-2-a"><num>(a)</num><content>authorising or requiring the registrar to annotate

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-20-2-a"><num>(a)</num><content>authorising or requiring the registrar to annotate the register in such other circumstances as may be specified in the regulations, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-20-2-b"><num>(b)</num><content>as to the contents of any such annotation.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-20-3"><num>(3)</num><content>No annotation is required in the case of a document that by virtue of section 1072(2) of the Companies Act 2006 (documents not meeting requirements for proper delivery) is treated as not

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-20-4"><num>(4)</num><content>A note may be removed if it no longer serves any useful purpose.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-20-5"><num>(5)</num><intro>Any duty or power of the registrar with respect to annotation of the register is subject to the court’s power under section 31 (powers of court on ordering removal of material from the reg

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-20-5-a"><num>(a)</num><content>that a note be removed from the register, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-20-5-b"><num>(b)</num><content>that no note may be made of the removal of material that is the subject of the court’s order.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-20-6"><num>(6)</num><content>Regulations under this section are subject to the negative resolution procedure.</content></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-inspection-of-the-register-and-protection-o

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-21"><num>21</num><heading>Inspection and copies of register</heading><subsection eId="section-21-1"><num>(1)</num><intro>Any person may—</intro><level class="para1" eId="section-21-1-a"><num>(a)</num><content>in

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-21-1"><num>(1)</num><intro>Any person may—</intro><level class="para1" eId="section-21-1-a"><num>(a)</num><content>inspect the register (but see the exceptions in section 22);</content></level><level clas

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-21-1-a"><num>(a)</num><content>inspect the register (but see the exceptions in section 22);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-21-1-b"><num>(b)</num><content>require a copy of any material on the register that is available for inspection.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-21-2"><num>(2)</num><content>The registrar may specify the form and manner in which an application is to be made for inspection or a copy.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-21-3"><num>(3)</num><content>The registrar may determine the form and manner in which copies are to be provided.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-21-4"><num>(4)</num><content>Section 1091 of the Companies Act 2006 (certification of copies), and any regulations made under it, apply in relation to copies provided under this section as they apply in relation to

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-22"><num><ins class="first" ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547206276" uk

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-22-1"><num>(1)</num><intro>The following material must not be made available by the registrar for public inspection—</intro><level class="para1" eId="section-22-1-a"><num>(a)</num><content>any date of birth o

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-22-1-a"><num>(a)</num><content>any date of birth or residential address information protected under subsection <ref href="#section-22-2">(2)</ref>,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-22-1-b"><num>(b)</num><content>the name or contact details of an individual delivered to the registrar under section 4<ref href="#section-4-1-d">(1)(d)</ref> (application for registration), 7<ref href="#sec

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-22-1-c"><num>(c)</num><content>any required information about a trust delivered to the registrar by virtue of section 4<ref href="#section-4-3">(3)</ref>, 7<ref href="#section-7-3">(3)</ref> or <ref href="#

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-22-1-d"><num>(d)</num><content>information that, by virtue of regulations under section 25 (power to protect other information), the registrar must omit from the material on the register that is available f

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-22-1-e"><num>(e)</num><content>any application or other document delivered to the registrar under section 29 (application for rectification of register),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-22-1-f"><num>(f)</num><content>any court order under section 30 (rectification of the register under court order) that the court has directed under section 31 is not to be made available for public inspecti

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-22-1-g"><num>(g)</num><content>any email address, identification code or password deriving from a document delivered for the purpose of authorising or facilitating electronic filing procedures or providing

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-22-1n1"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547206276" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(1)</ins></n

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-22-1-an1"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547206276" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="section-22-1-a-i"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547206276" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="section-22-1-a-iii"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547206276" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8"

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="section-22-1-a-v"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547206276" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-22-1-bn1"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547206276" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-22-1-cn1"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547206276" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-22-1-dn1"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547206276" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="section-22-1-d-i"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547206276" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-22-1-en1"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547206276" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-22-1-fn1"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547206276" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-22-1-gn1"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547206276" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-22-1-h"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547206276" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(h)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-22-1-i"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547206276" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(i)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-22-1-j"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547206276" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(j)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-22-1-k"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547206276" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(k)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-22-1-l"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547206276" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(l)

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-22-2"><num>(2)</num><intro>Date of birth information or residential address information is “protected” if—</intro><level class="para1" eId="section-22-2-a"><num>(a)</num><content>it relates to a registrable b

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-22-2-a"><num>(a)</num><content>it relates to a registrable beneficial owner or managing officer in relation to an overseas entity,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-22-2-b"><num>(b)</num><content>it is contained in a document delivered to the registrar in which date of birth information or residential address information is required to be stated,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-22-2-c"><num>(c)</num><content>in the case of a document having more than one part, it is contained in a part of the document in which date of birth information or residential address information is require

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-22-2-d"><num>(d)</num><content>it is not information about a trust delivered to the registrar by virtue of section 4<ref href="#section-4-3">(3)</ref>, 7<ref href="#section-7-3">(3)</ref> or <ref href="#sec

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-22-2n1"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547206276" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(2)</ins></n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-22-3"><num>(3)</num><intro>In this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-date-of-birth-information" eId="term-date-of-birth-information">date of birth information</term

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-date-of-birth-information" eId="term-date-of-birth-information">date of birth information</term>” means information as to the day of the month on which an individual was born (bu

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-22-3n1"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547206276" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(3)</ins></n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-22-4"><num>(4)</num><content>Nothing in this section obliges the registrar to check documents other than those mentioned in subsection <ref href="#section-22-2-b">(2)(b)</ref>, or parts of documents other than those

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-22-4n1"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547206276" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(4)</ins></n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-22-5"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547206276" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(5)</ins></num

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-23"><num><ins class="first" ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" uk

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23-1"><num>(1)</num><content>This section applies to information delivered to the registrar by virtue of section 4<ref href="#section-4-3">(3)</ref>, 7<ref href="#section-7-3">(3)</ref> or <ref href="#section-7-4">(

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-23-1n1"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(1)</ins></n

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-23-1-a"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(a)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-23-1-b"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(b)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-23-1-c"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(c)

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23-2"><num>(2)</num><intro>The registrar may not disclose the information unless—</intro><level class="para1" eId="section-23-2-a"><num>(a)</num><content>the same information is made available by the registra

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-23-2-a"><num>(a)</num><content>the same information is made available by the registrar for public inspection otherwise than by virtue of being delivered to the registrar by virtue of a provision mentioned i

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-23-2-b"><num>(b)</num><content>the disclosure is permitted by subsection <ref href="#section-9-3">(3)</ref>.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-23-2n1"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(2)</ins></n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23-3"><num>(3)</num><intro>The registrar may disclose the information to—</intro><level class="para1" eId="section-23-3-a"><num>(a)</num><content>the Commissioners for Her Majesty’s Revenue and Customs, or</p

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-23-3-a"><num>(a)</num><content>the Commissioners for Her Majesty’s Revenue and Customs, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-23-3-b"><num>(b)</num><intro>any other person who—</intro><level class="para2" eId="section-23-3-b-i"><num>(i)</num><content>has functions of a public nature, and</content></level><level class="p

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-23-3-b-i"><num>(i)</num><content>has functions of a public nature, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-23-3-b-ii"><num>(ii)</num><content>is specified for the purposes of this section by regulations made by the Secretary of State.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-23-3n1"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(3)</ins></n

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-23-3-an1"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-23-3-bn1"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23-4"><num>(4)</num><content>Regulations under this section are subject to the negative resolution procedure.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-23-4n1"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(4)</ins></n

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-23-4-a"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(a)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-23-4-b"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(b)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-23-4-c"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(c)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-23-4-d"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(d)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-23-4-e"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(e)

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-23-5"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(5)</ins></num

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-23-6"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(6)</ins></num

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-23-7"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(7)</ins></num

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-23-8"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(8)</ins></num

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-23-8-a"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(a)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-23-8-b"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(b)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-23-8-c"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(c)

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-23-9"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(9)</ins></num

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-23-10"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(10)</ins></n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-23-11"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(11)</ins></n

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-24"><num><ins class="first" ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547315665" uk

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-1"><num>(1)</num><intro>The registrar must not disclose protected date of birth information or protected residential address information about a person unless—</intro><level class="para1" eId="section-24-1-a"

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-24-1-a"><num>(a)</num><content>the same information about the person (whether in the same or a different capacity) is made available by the registrar for public inspection as a result of being contained in

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-24-1-b"><num>(b)</num><content>disclosure is permitted by subsection <ref href="#section-24-2">(2)</ref>.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-24-1n1"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547315665" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(1)</ins></n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-2"><num>(2)</num><intro>The registrar may disclose protected date of birth information or residential address information to any person who—</intro><level class="para1" eId="section-24-2-a"><num>(a)</num><con

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-24-2-a"><num>(a)</num><content>has functions of a public nature, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-24-2-b"><num>(b)</num><content>is specified for the purposes of this section by regulations made by the Secretary of State.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-24-2n1"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547315665" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(2)</ins></n

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-24-2-an1"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547315665" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-24-2-bn1"><num><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547315665" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">(

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-3"><num>(3)</num><intro>The Secretary of State may by regulations make provision—</intro><level class="para1" eId="section-24-3-a"><num>(a)</num><content>specifying conditions for the disclosure of protect

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-24-3-a"><num>(a)</num><content>specifying conditions for the disclosure of protected date of birth information or residential address information in accordance with this section, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-24-3-b"><num>(b)</num><content>providing for the charging of fees.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-4"><num>(4)</num><content>This section does not apply to protected date of birth information, or protected residential address information, about a person in their capacity as a registrable beneficial owner or ma

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-5"><num>(5)</num><intro>In this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-date-of-birth-information" eId="term-date-of-birth-information">date of birth information</term

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-the-registrar" eId="term-the-registrar">the registrar</term>” has the meaning given by section 3<ref href="#section-3-1">(1)</ref>.</content></hcontainer>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-16" class="schProv1"><num>16</num><content>A reference to the right to appoint or remove a majority of the board of directors of a legal entity is a reference to the right to appoint or remove directors

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-20" class="schProv1"><num>20</num><subparagraph eId="schedule-2-paragraph-20-1"><num>(1)</num><content>Where a person controls a right, the right is to be treated for the purposes of this Schedule as hel

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-23" class="schProv1"><num>23</num><subparagraph eId="schedule-2-paragraph-23-1"><num>(1)</num><content>A person does not meet Condition 1, 2 or 3 of paragraph <ref href="#schedule-2-paragraph-6">6</ref>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-17" class="schProv1"><num>17</num><content>References to a board of directors, in the case of an entity that does not have such a board, are to be read as references to the equivalent management body of

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-6"><num>(6)</num><content>Regulations under this section are subject to the negative resolution procedure.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-25"><num>25</num><heading><del class="first last" ukl:ChangeId="key-a691280b4857e5c02d08f731da79

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-25-1"><num><del class="first" ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-170255303499

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-1-a"><num><del ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034995" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(a)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-1-b"><num><del ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034995" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(b)

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-25-2"><num><del ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034995" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(2)</del></num

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-2-a"><num><del ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034995" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(a)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-2-b"><num><del ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034995" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(b)

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-25-3"><num><del ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034995" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(3)</del></num

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-3-a"><num><del ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034995" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(a)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-3-b"><num><del ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034995" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(b)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-3-c"><num><del ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034995" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(c)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-3-d"><num><del ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034995" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(d)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-3-e"><num><del ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034995" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(e)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-3-f"><num><del ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034995" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(f)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-3-g"><num><del ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034995" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(g)

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-25-4"><num><del ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034995" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(4)</del></num

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-4-a"><num><del ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034995" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(a)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-4-b"><num><del ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034995" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(b)

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-25-5"><num><del ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034995" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(5)</del></num

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-5-a"><num><del ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034995" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(a)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-5-b"><num><del ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034995" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(b)

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-25-6"><num><del ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034995" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(6)</del></num

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-25-7"><num><del ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034995" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(7)</del></num

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26"><num>26</num><heading>Data protection</heading><subsection eId="section-26-1"><num>(1)</num><content>Nothing in section 21, 23 or 24 authorises or requires a disclosure of information which, although made in accord

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-1"><num>(1)</num><content>Nothing in section 21, 23 or 24 authorises or requires a disclosure of information which, although made in accordance with that section, would contravene the data protection legislation.

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-2"><num>(2)</num><content>In this section “<term refersTo="#term-the-data-protection-legislation" eId="term-the-data-protection-legislation">the data protection legislation</term>” has the same meaning as in the

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-correction-or-removal-of-material-on-the-re

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-27"><num>27</num><heading>Resolving inconsistencies <noteRef href="#key-b75c990d7fb3ea76195a35ce

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-27-1"><num><ins class="first" ukl:ChangeId="key-6b43c49e429b25b0c1c0a67433f19dc3-170255316535

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-27-1-a"><num>(a)</num><content>stating in what respects the information contained in it appears to be inconsistent with other information on the register, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-27-1-an1"><num><ins ukl:ChangeId="key-6b43c49e429b25b0c1c0a67433f19dc3-1702553165357" ukl:CommentaryRef="key-6b43c49e429b25b0c1c0a67433f19dc3">(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-27-1-b"><num>(b)</num><content>requiring the overseas entity to take steps to resolve the inconsistency.</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-27-1-bn1"><num><ins ukl:ChangeId="key-6b43c49e429b25b0c1c0a67433f19dc3-1702553165357" ukl:CommentaryRef="key-6b43c49e429b25b0c1c0a67433f19dc3">(

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-27-2"><num><ins ukl:ChangeId="key-6b43c49e429b25b0c1c0a67433f19dc3-1702553165357" ukl:CommentaryRef="key-6b43c49e429b25b0c1c0a67433f19dc3">(2)</ins></num

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-27-2-a"><num>(a)</num><content>state the date on which it is issued, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-27-2-b"><num>(b)</num><content>require the delivery to the registrar, within 14 days after that date, of such replacement or additional documents as may be required to resolve the inconsistency.</conten

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-27-3"><num>(3)</num><intro>If the necessary documents are not delivered within the period specified, an offence is committed by—</intro><level class="para1" eId="section-27-3-a"><num>(a)</num><content>the ove

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-27-3-a"><num>(a)</num><content>the overseas entity, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-27-3-b"><num>(b)</num><content>every officer of the overseas entity who is in default.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-27-4"><num>(4)</num><intro>A person guilty of an offence under subsection <ref href="#section-27-3">(3)</ref> is liable on summary conviction—</intro><level class="para1" eId="section-27-4-a"><num>(a)</num><cont

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-27-4-a"><num>(a)</num><content>in England and Wales, to a fine and, for continued contravention, a daily default fine not exceeding the greater of £2,500 and one half of level 4 on the standard scale;</

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-27-4-b"><num>(b)</num><content>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one half of level 5

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-28"><num><ins class="first" ukl:ChangeId="key-72a95a131b3e692366bddf48d1941100-1702482089779" uk

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-28-1"><num>(1)</num><intro>The registrar may remove from the register—</intro><level class="para1" eId="section-28-1-a"><num>(a)</num><content>anything that there was power, but no duty, to include;</cont

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-1-a"><num>(a)</num><content>anything that there was power, but no duty, to include;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-1-b"><num>(b)</num><content>anything listed in section 22<ref href="#section-22-1">(1)</ref> (material unavailable for public inspection), if it no longer appears to the registrar reasonably necessary fo

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-28-1n1"><num><ins ukl:ChangeId="key-72a95a131b3e692366bddf48d1941100-1702482089779" ukl:CommentaryRef="key-72a95a131b3e692366bddf48d1941100">(1)</ins></n

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-28-1-an1"><num><ins ukl:ChangeId="key-72a95a131b3e692366bddf48d1941100-1702482089779" ukl:CommentaryRef="key-72a95a131b3e692366bddf48d1941100">(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-28-1-bn1"><num><ins ukl:ChangeId="key-72a95a131b3e692366bddf48d1941100-1702482089779" ukl:CommentaryRef="key-72a95a131b3e692366bddf48d1941100">(

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-28-2"><num>(2)</num><intro>The power in subsection <ref href="#section-28-1-a">(1)(a)</ref> is exercisable, in particular, so as to remove—</intro><level class="para1" eId="section-28-2-a"><num>(a)</num><content

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-2-a"><num>(a)</num><content>unnecessary material within the meaning of section 1074 of the Companies Act 2006,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-2-b"><num>(b)</num><content>material derived from a document that has been replaced under section 1076 of that Act (replacement of document not meeting requirements for proper delivery), or</content>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-2-c"><num>(c)</num><content>material derived from a document that has been replaced under section 27.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-28-2n1"><num><ins ukl:ChangeId="key-72a95a131b3e692366bddf48d1941100-1702482089779" ukl:CommentaryRef="key-72a95a131b3e692366bddf48d1941100">(2)</ins></n

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-28-2-an1"><num><ins ukl:ChangeId="key-72a95a131b3e692366bddf48d1941100-1702482089779" ukl:CommentaryRef="key-72a95a131b3e692366bddf48d1941100">(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-28-2-bn1"><num><ins ukl:ChangeId="key-72a95a131b3e692366bddf48d1941100-1702482089779" ukl:CommentaryRef="key-72a95a131b3e692366bddf48d1941100">(

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-28-3"><num>(3)</num><intro>On or before removing any material under subsection <ref href="#section-28-1-a">(1)(a)</ref> (otherwise than at the request of the overseas entity) the registrar must give notice—</int

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-3-a"><num>(a)</num><content>to the person by whom the material was delivered (if the identity, and name and address of that person are known), or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-3-b"><num>(b)</num><content>to the overseas entity to which the material relates (if notice cannot be given under paragraph (a) and the identity of that overseas entity is known).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-28-3n1"><num><ins ukl:ChangeId="key-72a95a131b3e692366bddf48d1941100-1702482089779" ukl:CommentaryRef="key-72a95a131b3e692366bddf48d1941100">(3)</ins></n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-28-4"><num>(4)</num><intro>The notice must—</intro><level class="para1" eId="section-28-4-a"><num>(a)</num><content>state what material the registrar proposes to remove, or has removed, and on what grounds, a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-4-a"><num>(a)</num><content>state what material the registrar proposes to remove, or has removed, and on what grounds, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-4-b"><num>(b)</num><content>state the date on which it is issued.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-28-4n1"><num><ins ukl:ChangeId="key-72a95a131b3e692366bddf48d1941100-1702482089779" ukl:CommentaryRef="key-72a95a131b3e692366bddf48d1941100">(4)</ins></n

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-29"><num><noteRef href="#key-fa26f81374a7ffa0518bbce817941f6f" uk:name="commentary" ukl:Name="Co

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-1"><num>(1)</num><intro>The Secretary of State may by regulations make provision requiring the registrar, on application, to remove from the register material of a description specified in the regulations that—</

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-1-a"><num>(a)</num><content>derives from anything invalid or ineffective or that was done without the authority of the overseas entity, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-1-b"><num>(b)</num><content>is factually inaccurate, or is derived from something that is factually inaccurate, or forged.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-2"><num>(2)</num><intro>The regulations may make provision as to—</intro><level class="para1" eId="section-29-2-a"><num>(a)</num><content>who may make an application,</content></level><level class="par

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-2-a"><num>(a)</num><content>who may make an application,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-2-b"><num>(b)</num><content>the information to be included in and documents to accompany an application,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-2-c"><num>(c)</num><content>the notice to be given of an application and of its outcome,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-2-d"><num>(d)</num><content>a period in which objections to an application may be made, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-2-e"><num>(e)</num><content>how an application is to be determined.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-3"><num>(3)</num><intro>An application must—</intro><level class="para1" eId="section-29-3-a"><num>(a)</num><content>specify what is to be removed from the register and indicate where on the register it is

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-3-a"><num>(a)</num><content>specify what is to be removed from the register and indicate where on the register it is, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-3-b"><num>(b)</num><content>be accompanied by a statement that the material specified in the application complies with this section and the regulations.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-4"><num>(4)</num><content>If no objections are made to the application, the registrar may accept the statement as sufficient evidence that the material specified in the application should be removed from the regi

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-5"><num>(5)</num><content>Regulations under this section are subject to the affirmative resolution procedure.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-28A"><num><ins class="first" ukl:ChangeId="key-72a95a131b3e692366bddf48d1941100-1702482123785" u

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-28A-1"><num><ins ukl:ChangeId="key-72a95a131b3e692366bddf48d1941100-1702482123785" ukl:CommentaryRef="key-72a95a131b3e692366bddf48d1941100">(1)</ins></nu

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-28A-2"><num><ins ukl:ChangeId="key-72a95a131b3e692366bddf48d1941100-1702482123785" ukl:CommentaryRef="key-72a95a131b3e692366bddf48d1941100">(2)</ins></nu

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-28A-3"><num><ins ukl:ChangeId="key-72a95a131b3e692366bddf48d1941100-1702482123785" ukl:CommentaryRef="key-72a95a131b3e692366bddf48d1941100">(3)</ins></nu

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-28A-3-a"><num><ins ukl:ChangeId="key-72a95a131b3e692366bddf48d1941100-1702482123785" ukl:CommentaryRef="key-72a95a131b3e692366bddf48d1941100">(a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-28A-3-b"><num><ins ukl:ChangeId="key-72a95a131b3e692366bddf48d1941100-1702482123785" ukl:CommentaryRef="key-72a95a131b3e692366bddf48d1941100">(b

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-28A-3-c"><num><ins ukl:ChangeId="key-72a95a131b3e692366bddf48d1941100-1702482123785" ukl:CommentaryRef="key-72a95a131b3e692366bddf48d1941100">(c

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-28A-3-d"><num><ins ukl:ChangeId="key-72a95a131b3e692366bddf48d1941100-1702482123785" ukl:CommentaryRef="key-72a95a131b3e692366bddf48d1941100">(d

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-28A-3-e"><num><ins ukl:ChangeId="key-72a95a131b3e692366bddf48d1941100-1702482123785" ukl:CommentaryRef="key-72a95a131b3e692366bddf48d1941100">(e

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-28A-4"><num><ins ukl:ChangeId="key-72a95a131b3e692366bddf48d1941100-1702482123785" ukl:CommentaryRef="key-72a95a131b3e692366bddf48d1941100">(4)</ins></nu

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-28A-4-a"><num><ins ukl:ChangeId="key-72a95a131b3e692366bddf48d1941100-1702482123785" ukl:CommentaryRef="key-72a95a131b3e692366bddf48d1941100">(a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-28A-4-b"><num><ins ukl:ChangeId="key-72a95a131b3e692366bddf48d1941100-1702482123785" ukl:CommentaryRef="key-72a95a131b3e692366bddf48d1941100">(b

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-28A-5"><num><ins ukl:ChangeId="key-72a95a131b3e692366bddf48d1941100-1702482123785" ukl:CommentaryRef="key-72a95a131b3e692366bddf48d1941100">(5)</ins></nu

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-28A-6"><num><ins ukl:ChangeId="key-72a95a131b3e692366bddf48d1941100-1702482123785" ukl:CommentaryRef="key-72a95a131b3e692366bddf48d1941100">(6)</ins></nu

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30"><num>30</num><heading>Court order to rectify register</heading><subsection eId="section-30-1"><num>(1)</num><intro>The registrar must remove from the register any material—</intro><level class="para1" eId="sect

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-1"><num>(1)</num><intro>The registrar must remove from the register any material—</intro><level class="para1" eId="section-30-1-a"><num>(a)</num><content>that derives from anything that the court has decla

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-30-1-a"><num>(a)</num><content>that derives from anything that the court has declared to be invalid or ineffective, or to have been done without the authority of the overseas entity, or</content></level

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-30-1-b"><num>(b)</num><content>that a court declares to be factually inaccurate, or to be derived from something that is factually inaccurate, or forged,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-2"><num>(2)</num><content>The court order must specify what is to be removed from the register and indicate where on the register it is.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-3"><num>(3)</num><content>A copy of the court’s order must be sent to the registrar for registration.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31"><num>31</num><heading>Court powers on ordering removal of material from the register</heading><subsection eId="section-31-1"><num>(1)</num><content>Where the court makes an order for the removal of anything from th

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-1"><num>(1)</num><content>Where the court makes an order for the removal of anything from the register under section 30, it may give directions under this section.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-2"><num>(2)</num><content>It may direct that any note on the register that is related to the material that is the subject of the court’s order is to be removed from the register.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-3"><num>(3)</num><content>It may direct that its order is not to be available for public inspection as part of the register.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-4"><num>(4)</num><intro>It may direct—</intro><level class="para1" eId="section-31-4-a"><num>(a)</num><content>that no note is to be made on the register as a result of its order, or</content></level><

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-31-4-a"><num>(a)</num><content>that no note is to be made on the register as a result of its order, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-31-4-b"><num>(b)</num><content>that any such note is to be restricted to such matters as may be specified by the court in the direction.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-5"><num>(5)</num><intro>The court must not give any direction under this section unless it is satisfied—</intro><level class="para1" eId="section-31-5-a"><num>(a)</num><intro>that—</intro><level class=

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-31-5-a"><num>(a)</num><intro>that—</intro><level class="para2" eId="section-31-5-a-i"><num>(i)</num><content>the presence on the register of the note or, as the case may be, of an unrestricted note,

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-31-5-a-i"><num>(i)</num><content>the presence on the register of the note or, as the case may be, of an unrestricted note, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-31-5-a-ii"><num>(ii)</num><content>the availability for public inspection of the court’s order,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-31-5-b"><num>(b)</num><content>that the overseas entity’s interest in non-disclosure outweighs any interest of other persons in disclosure.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-6"><num>(6)</num><content>In this section “<term refersTo="#term-note" eId="term-note">note</term>” means a note placed in the register under section 20 or regulations made under it.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-29A"><num><noteRef href="#key-f20ea32e91b24eefa43dd63080c50685" uk:name="commentary" ukl:Name="C

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-false-statements"><heading>False statements

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-32"><num><ins class="first" ukl:ChangeId="key-65a9d88157b01f6c61f1da80d4e6eff7-1702547970908" uk

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32-1"><num>(1)</num><intro>It is an offence for a person, without reasonable excuse, to—</intro><level class="para1" eId="section-32-1-a"><num>(a)</num><content>deliver or cause to be delivered to the registr

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-32-1-a"><num>(a)</num><content>deliver or cause to be delivered to the registrar for the purposes of this Part any document that is misleading, false or deceptive in a material particular, or</content><

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-32-1-b"><num>(b)</num><content>make to the registrar, for the purposes of this Part, any statement that is misleading, false or deceptive in a material particular.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-32-1n1"><num><ins ukl:ChangeId="key-65a9d88157b01f6c61f1da80d4e6eff7-1702547970908" ukl:CommentaryRef="key-65a9d88157b01f6c61f1da80d4e6eff7">(1)</ins></n

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-32-1-an1"><num><ins ukl:ChangeId="key-65a9d88157b01f6c61f1da80d4e6eff7-1702547970908" ukl:CommentaryRef="key-65a9d88157b01f6c61f1da80d4e6eff7">(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-32-1-bn1"><num><ins ukl:ChangeId="key-65a9d88157b01f6c61f1da80d4e6eff7-1702547970908" ukl:CommentaryRef="key-65a9d88157b01f6c61f1da80d4e6eff7">(

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32-2"><num>(2)</num><content>An offence under this section is aggravated if, when the document or statement is delivered, the person knows that it is misleading, false or deceptive in a material particular.</con

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-32-2n1"><num><ins ukl:ChangeId="key-65a9d88157b01f6c61f1da80d4e6eff7-1702547970908" ukl:CommentaryRef="key-65a9d88157b01f6c61f1da80d4e6eff7">(2)</ins></n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32-3"><num>(3)</num><intro>A person guilty of an offence under this section, other than an aggravated offence, is liable —</intro><level class="para1" eId="section-32-3-a"><num>(a)</num><content>on summary co

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-32-3-a"><num>(a)</num><content>on summary conviction in England and Wales, to a fine;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-32-3-b"><num>(b)</num><content>on summary conviction in Scotland, to a fine not exceeding level 5 on the standard scale;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-32-3-c"><num>(c)</num><content>on summary conviction in Northern Ireland, to a fine not exceeding level 5 on the standard scale.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-32-3n1"><num><ins ukl:ChangeId="key-65a9d88157b01f6c61f1da80d4e6eff7-1702547970908" ukl:CommentaryRef="key-65a9d88157b01f6c61f1da80d4e6eff7">(3)</ins></n

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-32-3-an1"><num><ins ukl:ChangeId="key-65a9d88157b01f6c61f1da80d4e6eff7-1702547970908" ukl:CommentaryRef="key-65a9d88157b01f6c61f1da80d4e6eff7">(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-32-3-bn1"><num><ins ukl:ChangeId="key-65a9d88157b01f6c61f1da80d4e6eff7-1702547970908" ukl:CommentaryRef="key-65a9d88157b01f6c61f1da80d4e6eff7">(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-32-3-cn1"><num><ins ukl:ChangeId="key-65a9d88157b01f6c61f1da80d4e6eff7-1702547970908" ukl:CommentaryRef="key-65a9d88157b01f6c61f1da80d4e6eff7">(

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32-4"><num>(4)</num><intro>A person guilty of an aggravated offence under this section is liable—</intro><level class="para1" eId="section-32-4-a"><num>(a)</num><content>on summary conviction in England and W

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-32-4-a"><num>(a)</num><content>on summary conviction in England and Wales, to imprisonment for the maximum summary term for either-way offences or a fine (or both);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-32-4-b"><num>(b)</num><content>on summary conviction in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-32-4-c"><num>(c)</num><content>on summary conviction in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-32-4-d"><num>(d)</num><content>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32-5"><num>(5)</num><intro>In subsection <ref href="#section-32-4-a">(4)(a)</ref> “<term refersTo="#term-the-maximum-summary-term-for-either-way-offences" eId="term-the-maximum-summary-term-for-either-way-offences">

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-32-5-a"><num>(a)</num><content>in relation to an offence committed before the time when paragraph 24(2) of Schedule 22 to the Sentencing Act 2020 comes into force, 6 months;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-32-5-b"><num>(b)</num><content>in relation to an offence committed after that time, 12 months.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-32A"><num><ins class="first" ukl:ChangeId="key-65a9d88157b01f6c61f1da80d4e6eff7-1702547988665" u

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-32A-1"><num><ins ukl:ChangeId="key-65a9d88157b01f6c61f1da80d4e6eff7-1702547988665" ukl:CommentaryRef="key-65a9d88157b01f6c61f1da80d4e6eff7">(1)</ins></nu

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-32A-1-a"><num><ins ukl:ChangeId="key-65a9d88157b01f6c61f1da80d4e6eff7-1702547988665" ukl:CommentaryRef="key-65a9d88157b01f6c61f1da80d4e6eff7">(a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-32A-1-b"><num><ins ukl:ChangeId="key-65a9d88157b01f6c61f1da80d4e6eff7-1702547988665" ukl:CommentaryRef="key-65a9d88157b01f6c61f1da80d4e6eff7">(b

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-32A-2"><num><ins ukl:ChangeId="key-65a9d88157b01f6c61f1da80d4e6eff7-1702547988665" ukl:CommentaryRef="key-65a9d88157b01f6c61f1da80d4e6eff7">(2)</ins></nu

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-32A-3"><num><ins ukl:ChangeId="key-65a9d88157b01f6c61f1da80d4e6eff7-1702547988665" ukl:CommentaryRef="key-65a9d88157b01f6c61f1da80d4e6eff7">(3)</ins></nu

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-32A-3-a"><num><ins ukl:ChangeId="key-65a9d88157b01f6c61f1da80d4e6eff7-1702547988665" ukl:CommentaryRef="key-65a9d88157b01f6c61f1da80d4e6eff7">(a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-32A-3-b"><num><ins ukl:ChangeId="key-65a9d88157b01f6c61f1da80d4e6eff7-1702547988665" ukl:CommentaryRef="key-65a9d88157b01f6c61f1da80d4e6eff7">(b

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="section-32A-3-b-ii"><num><ins ukl:ChangeId="key-65a9d88157b01f6c61f1da80d4e6eff7-1702547988665" ukl:CommentaryRef="key-65a9d88157b01f6c61f1da80d4e6eff7"

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="section-32A-3-b-iii"><num><ins ukl:ChangeId="key-65a9d88157b01f6c61f1da80d4e6eff7-1702547988665" ukl:CommentaryRef="key-65a9d88157b01f6c61f1da80d4e6eff7

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-land-ownership-and-transactions"><heading>L

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33"><num>33</num><heading>Land ownership and transactions</heading><subsection eId="section-33-1"><num>(1)</num><intro>Schedule 3 contains amendments about—</intro><level class="para1" eId="section-33-1-a"><num>(a)

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-1"><num>(1)</num><intro>Schedule 3 contains amendments about—</intro><level class="para1" eId="section-33-1-a"><num>(a)</num><content>the ownership of registered land in England and Wales by overseas entit

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-1-a"><num>(a)</num><content>the ownership of registered land in England and Wales by overseas entities, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-1-b"><num>(b)</num><content>land transactions in England and Wales involving overseas entities.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-2"><num>(2)</num><intro>Schedule 4—</intro><level class="para1" eId="section-33-2-a"><num>(a)</num><content>makes similar provision for Scotland, and</content></level><level class="para1" eId="section-

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-2-a"><num>(a)</num><content>makes similar provision for Scotland, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-2-b"><num>(b)</num><content>confers a related power to make further or alternative provision (see Part 3 of the Schedule).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-3"><num>(3)</num><content>Schedule 5 makes similar provision for Northern Ireland.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-4"><num>(4)</num><content>The Secretary of State may by regulations amend Schedule 8A to the Land Registration Act (Northern Ireland) 1970 (inserted by Schedule 5 to this Act) to make provision similar or corresp

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-5"><num>(5)</num><content>The provision which may be made by regulations under subsection (4) by virtue of section 67(3) includes provision amending other provisions of the Land Registration (Northern Ireland) Ac

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-6"><num>(6)</num><content>The Secretary of State must consult the Department of Finance in Northern Ireland before making regulations under subsection <ref href="#section-33-4">(4)</ref>.</content></subsectio

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-7"><num>(7)</num><content>Regulations under subsection <ref href="#section-33-4">(4)</ref> are subject to the affirmative resolution procedure.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-34"><num>34</num><heading>Power to require overseas entity to register if it owns certain land</

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34-1"><num>(1)</num><intro>The Secretary of State may by notice require an overseas entity to apply for registration in the register of overseas entities within the period of 6 months beginning with the date of the

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-1-a"><num>(a)</num><content>the entity is registered as the proprietor of a relevant interest in land within the meaning given by section 9<ref href="#section-9-10">(10)</ref>, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-1-b"><num>(b)</num><content>the entity is not registered as an overseas entity, has not made an application for registration that is pending and is not an exempt overseas entity.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34-2"><num>(2)</num><intro>A notice under subsection <ref href="#section-34-1">(1)</ref> lapses if, before the end of the period mentioned there, the overseas entity—</intro><level class="para1" eId="section-34-

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-2-a"><num>(a)</num><content>ceases to be registered as the proprietor of a relevant interest in land within the meaning given by section 9<ref href="#section-9-10">(10)</ref>, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-2-b"><num>(b)</num><content>becomes an exempt overseas entity.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34-3"><num>(3)</num><intro>If an overseas entity fails to comply with a notice under subsection <ref href="#section-34-1">(1)</ref>, an offence is committed by—</intro><level class="para1" eId="section-34-3-a"><

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-3-a"><num>(a)</num><content>the entity, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-3-b"><num>(b)</num><content>every officer of the entity who is in default.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-34-4"><num>(4)</num><intro>A person guilty of an offence under subsection <ref href="#sect

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-34-4-a"><num>(a)</num><content>on summary conviction in England and Wales, to imp

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-4-b"><num>(b)</num><content>on summary conviction in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-4-c"><num>(c)</num><content>on summary conviction in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-4-d"><num>(d)</num><content>on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-34-5"><num><noteRef href="#key-c4b7349e11622350b7dcf5beb42ad8ab" uk:name="commentary" ukl:Nam

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-5-a"><num>(a)</num><content>in relation to an offence committed before the time when paragraph 24(2) of Schedule 22 to the Sentencing Act 2020 comes into force, 6 months;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-34-5-b"><num>(b)</num><content>in relation to an offence committed after that time, 12 months.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34-6"><num>(6)</num><content>In this section “<term refersTo="#term-exempt-overseas-entity" eId="term-exempt-overseas-entity">exempt overseas entity</term>” means an overseas entity of such description as may be spe

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34-7"><num>(7)</num><content>Regulations under subsection <ref href="#section-34-6">(6)</ref> are subject to the affirmative resolution procedure.</content></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-supplementary-provision-about-offences"><he

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-35"><num>35</num><heading>Liability of officers in default</heading><subsection eId="section-35-1"><num>(1)</num><content>Sections 1121 to 1123 of the Companies Act 2006 (liability of officers in default: interpretatio

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-35-1"><num>(1)</num><content>Sections 1121 to 1123 of the Companies Act 2006 (liability of officers in default: interpretation etc) apply for the purposes of any provision made by this Part as they apply for the pur

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-35-2"><num>(2)</num><content>In those sections as applied, a reference to an officer includes a person in accordance with whose directions or instructions the board of directors or equivalent management body of a le

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-35-3"><num>(3)</num><content>A person is not to be regarded as falling within subsection <ref href="#section-35-2">(2)</ref> by reason only that the board of directors or equivalent management body acts on advice gi

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-36"><num>36</num><heading>Meaning of “daily default fine”</heading><content>Section 1125 of t

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37"><num>37</num><heading>Consent required for prosecutions</heading><intro>Proceedings for an offence under this Part—</intro><level class="para1" eId="section-37-a"><num>(a)</num><content>may not be brought in

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-a"><num>(a)</num><content>may not be brought in England and Wales except by or with the consent of the Secretary of State or the Director of Public Prosecutions;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-b"><num>(b)</num><content>may not be brought in Northern Ireland except by or with the consent of the Secretary of State or the Director of Public Prosecutions for Northern Ireland.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-38"><num>38</num><heading>Further provision about proceedings</heading><intro>The following provisions of the Companies Act 2006 apply in relation to offences under this Part as they apply in relation to offences under

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-38-a"><num>(a)</num><content>section 1128 (summary proceedings: time limits);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-38-b"><num>(b)</num><content>section 1130 (proceedings against unincorporated bodies).</content></level>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-financial-penalties"><heading>Financial pen

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-39"><num>39</num><heading>Financial penalties</heading><subsection eId="section-39-1"><num>(1)</

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-39-1"><num>(1)</num><content>The Secretary of State may by regulations make provision conferring power on the registrar to impose a financial penalty on a person if satisfied, beyond reasonable doubt, that the perso

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-39-2"><num>(2)</num><intro>The regulations may include provision—</intro><level class="para1" eId="section-39-2-a"><num>(a)</num><content>about the procedure to be followed in imposing penalties;</content

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-39-2-a"><num>(a)</num><content>about the procedure to be followed in imposing penalties;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-39-2-b"><num>(b)</num><content>about the amount of penalties;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-39-2-c"><num>(c)</num><content>for the imposition of interest or additional penalties for late payment;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-39-2-d"><num>(d)</num><content>conferring rights of appeal against penalties;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-39-2-e"><num>(e)</num><content>about the enforcement of penalties.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-39-3"><num>(3)</num><intro>The provision that may be made about enforcement includes—</intro><level class="para1" eId="section-39-3-a"><num>(a)</num><content>in relation to England and Wales or Northern Irela

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-39-3-a"><num>(a)</num><content>in relation to England and Wales or Northern Ireland, provision for unpaid amounts to be secured by a charge on an interest in land (including provision about the priority of

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-39-3-b"><num>(b)</num><content>in relation to Scotland, provision for penalties to be enforced in the same manner as an extract registered decree arbitral bearing a warrant for execution issued by the sheri

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-39-4"><num>(4)</num><intro>The regulations must provide that—</intro><level class="par

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-39-4-a"><num>(a)</num><content>no financial penalty may be imposed under the regulations on a person in respect of conduct amounting to an offence if the person has been convicted of that offence in respect

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-39-4-an1"><num><ins class="first" ukl:ChangeId="M_F_4e09366f-e07e-4bca-8cad-a44e3a70

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="section-39-4-a-i"><num><ins ukl:ChangeId="M_F_4e09366f-e07e-4bca-8cad-a44e3a7013f2-1702555150333" ukl:CommentaryRef="key-8050e400605cc199fff01db06aee981

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para2" eId="section-39-4-a-ii"><num><ins ukl:ChangeId="M_F_4e09366f-e07e-4bca-8cad-a44e3a7013f2-1702555150333" ukl:CommentaryRef="key-8050e400605cc199fff01db06aee98

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-39-4-b"><num>(b)</num><content>no proceedings may be brought <noteRef href="#key-

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-39-5"><num>(5)</num><content>Amounts recovered by the registrar under the regulations are to be paid into the Consolidated Fund.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-39-6"><num>(6)</num><intro>The provision which may be made by regulations under this section by virtue of section 67(3) includes provision amending provision made by or under any of the following, whenever passed or

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-39-6-b"><num>(b)</num><content>an Act of the Scottish Parliament;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-39-6-c"><num>(c)</num><content>Northern Ireland legislation.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-39-7"><num>(7)</num><content>Regulations under this section are subject to the affirmative resolution procedure.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-39-8"><num>(8)</num><content>In this section “<term refersTo="#term-conduct" eId="term-conduct">conduct</term>” means an act or omission.</content></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-sharing-of-information-by-hmrc"><heading>Sh

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-40"><num>40</num><heading>Sharing of information by HMRC</heading><subsection eId="section-40-1"

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-40-1"><num>(1)</num><content>The Commissioners for Her Majesty’s Revenue and Customs may d

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-2"><num>(2)</num><intro>For the purposes of this section, the taking of action in connection with an offence under this Part includes any of the following—</intro><level class="para1" eId="section-40-2-a"><nu

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-2-a"><num>(a)</num><content>investigating whether an offence has been committed;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-2-b"><num>(b)</num><content>prosecuting an offence;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-2-c"><num>(c)</num><content>imposing financial penalties for conduct amounting to an offence.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-3"><num>(3)</num><intro>A person who receives information as a result of this section—</intro><level class="para1" eId="section-40-3-a"><num>(a)</num><content>may not use the information other than for the

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-3-a"><num>(a)</num><content>may not use the information other than for the purpose of the taking of action in connection with an offence under this Part;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-3-b"><num>(b)</num><content>may not further disclose the information unless the disclosure is necessary for the taking of action in connection with an offence under this Part.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-4"><num>(4)</num><intro>It is an offence for a person to disclose, in contravention of subsection <ref href="#section-40-3-b">(3)(b)</ref>, any revenue and customs information relating to a person whose identity—

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-4-a"><num>(a)</num><content>is specified in the disclosure, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-4-b"><num>(b)</num><content>can be deduced from it.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-5"><num>(5)</num><intro>It is a defence for a person charged with an offence under subsection <ref href="#section-40-4">(4)</ref> to prove that the person reasonably believed—</intro><level class="para1" eId=

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-5-a"><num>(a)</num><content>that the disclosure was lawful, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-40-5-b"><num>(b)</num><content>that the information had already lawfully been made available to the public.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-6"><num>(6)</num><content>Subsections (4) to (7) of section 19 of the Commissioners for Revenue and Customs Act 2005 apply to an offence under subsection <ref href="#section-40-4">(4)</ref> as they apply to an of

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-40-7"><num>(7)</num><content>In this section “<term refersTo="#term-revenue-and-customs-information-relating-to-a-person" eId="term-revenue-and-customs-information-relating-to-a-person">revenue and customs informati

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-transitional-provision"><heading>Transition

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41"><num>41</num><heading>Applications in the transitional period: information about land transactions</heading><subsection eId="section-41-1"><num>(1)</num><content>This section applies where an overseas entity makes

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41-1"><num>(1)</num><content>This section applies where an overseas entity makes an application under section 4 for registration before the end of the transitional period.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41-2"><num>(2)</num><intro>If the entity has not made any relevant dispositions of land during the period—</intro><level class="para1" eId="section-41-2-a"><num>(a)</num><content>beginning with 28 February 20

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-2-a"><num>(a)</num><content>beginning with 28 February 2022, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-2-b"><num>(b)</num><content>ending with the making of the application,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41-3"><num>(3)</num><intro>If the entity has made any relevant dispositions of land during the period mentioned in subsection <ref href="#section-41-2">(2)</ref>, the application must include—</intro><level clas

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-3-a"><num>(a)</num><content>the required information about each relevant disposition of land made during that period (see subsection <ref href="#section-41-5">(5)</ref>),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-3-b"><num>(b)</num><content>in relation to each such disposition, the statements and information mentioned in paragraphs (a), (b) and (c) of section 4(1) expressed by reference to the state of affairs im

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-3-c"><num>(c)</num><content>a statement that all of the information required by paragraphs <ref href="#section-41-3-a">(a)</ref> and <ref href="#section-41-3-b">(b)</ref> of this subsection has been incl

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41-4"><num>(4)</num><intro>In this section “<term refersTo="#term-relevant-disposition-of-land" eId="term-relevant-disposition-of-land">relevant disposition of land</term>”, in relation to an overseas entity, means—

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-4-a"><num>(a)</num><intro>a registrable disposition of a qualifying estate within section 27(2)(a), (b)(i) or (f) of the Land Registration Act 2002 other than—</intro><level class="para2" eId="sectio

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-41-4-a-i"><num>(i)</num><content>a disposition made in pursuance of a statutory obligation or court order, or occurring by operation of law, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-41-4-a-ii"><num>(ii)</num><content>a disposition made by a specified insolvency practitioner in specified circumstances (within the meaning of paragraph 3(3) of Schedule 4A to the Land Registration Act 2002

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-4-b"><num>(b)</num><intro>the delivery by the entity of a qualifying registrable deed granted by it where the entity’s interest in respect of which the deed was granted was registered in the Land Registe

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-41-4-b-i"><num>(i)</num><content>in pursuance of a statutory obligation or court order, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-41-4-b-ii"><num>(ii)</num><content>by a specified insolvency practitioner in specified circumstances (within the meaning of paragraph 2(5) of schedule 1A of the Land Registration etc. (Scotland) Act 2012, a

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41-5"><num>(5)</num><intro>The required information about a relevant disposition of land is—</intro><level class="para1" eId="section-41-5-a"><num>(a)</num><intro>where the relevant disposition of land is wit

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-5-a"><num>(a)</num><intro>where the relevant disposition of land is within subsection <ref href="#section-41-4-a">(4)(a)</ref>—</intro><level class="para2" eId="section-41-5-a-i"><num>(i)</num><conte

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-41-5-a-i"><num>(i)</num><content>the date of disposition, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-41-5-a-ii"><num>(ii)</num><content>the registered title number of the qualifying estate;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-5-b"><num>(b)</num><intro>where the relevant disposition of land is within subsection <ref href="#section-41-4-b">(4)(b)</ref>—</intro><level class="para2" eId="section-41-5-b-i"><num>(i)</num><conte

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-41-5-b-i"><num>(i)</num><content>the date of delivery of the deed, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-41-5-b-ii"><num>(ii)</num><content>the title number of the title sheet in which the entity’s interest is entered.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41-6"><num>(6)</num><intro>In subsection <ref href="#section-41-4-a">(4)(a)</ref> “<term refersTo="#term-qualifying-estate" eId="term-qualifying-estate">qualifying estate</term>” means—</intro><level class="para

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-6-a"><num>(a)</num><content>a freehold estate in land, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-6-b"><num>(b)</num><content>a leasehold estate in land granted for a term of more than seven years from the date of grant,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41-7"><num>(7)</num><content>In subsection <ref href="#section-41-6">(6)</ref> “<term refersTo="#term-registered-proprietor" eId="term-registered-proprietor">registered proprietor</term>” in relation to an estate me

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41-8"><num>(8)</num><intro>In subsection <ref href="#section-41-4-b">(4)(b)</ref> “<term refersTo="#term-qualifying-registrable-deed" eId="term-qualifying-registrable-deed">qualifying registrable deed</term>” means

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-8-a"><num>(a)</num><content>a disposition,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-8-b"><num>(b)</num><content>a standard security,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-8-c"><num>(c)</num><content>a lease (including a sub-lease), or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-8-d"><num>(d)</num><content>an assignation of a lease (including a sub-lease).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41-9"><num>(9)</num><content>For the purposes of subsection <ref href="#section-41-4-b">(4)(b)</ref>, a qualifying registrable deed is to be treated, as at the date of delivery, as having been granted even if at tha

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41-10"><num>(10)</num><content>In this section “<term refersTo="#term-the-transitional-period" eId="term-the-transitional-period">the transitional period</term>” means the period of 6 months beginning with the day o

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-42"><num>42</num><heading>Requirement for certain unregistered overseas entities to provide information</heading><subsection eId="section-42-1"><num>(1)</num><intro>An overseas entity, and every officer of the entity w

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-42-1"><num>(1)</num><intro>An overseas entity, and every officer of the entity who is in default, commits an offence if—</intro><level class="para1" eId="section-42-1-a"><num>(a)</num><content>at any time dur

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-42-1-a"><num>(a)</num><content>at any time during the period beginning with 28 February 2022 and ending with the end of the transitional period, the entity has made a relevant disposition of land,</cont

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-42-1-b"><num>(b)</num><intro>at the end of the transitional period the entity—</intro><level class="para2" eId="section-42-1-b-i"><num>(i)</num><content>is not registered as an overseas entity,</

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-42-1-b-i"><num>(i)</num><content>is not registered as an overseas entity,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-42-1-b-ii"><num>(ii)</num><content>has not made an application for registration as an overseas entity that is pending, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-42-1-b-iii"><num>(iii)</num><content>is not an exempt overseas entity, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-42-1-c"><num>(c)</num><intro>the entity has not, after making the relevant disposition of land and before the end of the transitional period, delivered to the registrar—</intro><level class="para2" eId=

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-42-1-c-i"><num>(i)</num><content>statements and information of the kind mentioned in paragraphs (a), (b), (c) and (d) of section 4(1), expressed by reference to the state of affairs immediately before the m

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-42-1-c-ii"><num>(ii)</num><content>the required information about the relevant disposition of land (within the meaning of section 41(5)).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-42-2"><num>(2)</num><intro>A person guilty of an offence under subsection <ref href="#section-42-1">(1)</ref> is liable on summary conviction—</intro><level class="para1" eId="section-42-2-a"><num>(a)</num><cont

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-42-2-a"><num>(a)</num><content>in England and Wales to a fine and, for continued contravention, a daily default fine not exceeding the greater of £2,500 and one half of level 4 on the standard scale;</c

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-42-2-b"><num>(b)</num><content>in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one half of level 5

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-42-3"><num>(3)</num><content>The contravention continues until such time as the overseas entity has delivered the statements and information mentioned in subsection <ref href="#section-42-1-c">(1)(c)</ref>.</con

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-42-4"><num>(4)</num><content>In the case of continued contravention, an offence is also committed by every officer of the overseas entity who did not commit an offence under subsection <ref href="#section-42-1">(1)<

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-42-5"><num>(5)</num><intro>A person guilty of an offence under subsection <ref href="#section-42-4">(4)</ref> is liable on summary conviction—</intro><level class="para1" eId="section-42-5-a"><num>(a)</num><cont

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-42-5-a"><num>(a)</num><content>in England and Wales, to a fine not exceeding the greater of £2,500 and one half of level 4 on the standard scale for each day on which the contravention continues and the per

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-42-5-b"><num>(b)</num><content>in Scotland or Northern Ireland, to a fine not exceeding one half of level 5 on the standard scale for each day on which the contravention continues and the person is in defau

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-42-6"><num>(6)</num><intro>In this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-exempt-overseas-entity" eId="term-exempt-overseas-entity">exempt overseas entity</term>” means

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-the-application-requirements" eId="term-the-application-requirements">the application requirements</term>” means the requirements as to the contents of applications under section

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-11" class="schProv1"><num>11</num><content>If two or more persons hold a share or right jointly, each of them is treated for the purposes of this Schedule as holding that share or right.</content></p

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-qualifying-estate" eId="term-qualifying-estate">qualifying estate</term>” has the meaning given by paragraph <ref href="#d25e10955">1</ref> of Schedule 4A to the Land Registratio

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-relevant-disposition-of-land" eId="term-relevant-disposition-of-land">relevant disposition of land</term>” has the meaning given by section 41<ref href="#section-41-4">(4)</ref>;

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(a)</num><content>a corporation sole;</content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="schedule-3-paragraph-6-1"><num>(1)</num><intro>This paragraph applies where the Chief Land Registrar is satisfied that—</intro><level class="para1"

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-2" class="schProv1"><num>2</num><content>The Land Registration etc. (Scotland) Act 2012 is amended as follows.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-4-paragraph-3" class="schProv1"><num>3</num><intro>In section 21 (application for registra

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-4-paragraph-3-a"><num>(a)</num><content><mod>in subsection (4), after “45(5)” insert <quotedText>“and paragraphs <ref href="#d25e12038">1</ref> to <ref href="#d25e12471">5</ref> of schedule 1A”</quotedText

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-4-paragraph-3-b"><num>(b)</num><content><mod>after that subsection insert—<quote

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(a)</num><content>a corporation sole;</content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-2-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-2-paragraph-3-1"><num

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-3-a"><num>(a)</num><content>is a beneficial owner of the overseas entity (see Part <ref href="#schedule-2-part-2">2</ref>),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-3-b"><num>(b)</num><content>is subject to its own disclosure requirements (see Part <ref href="#schedule-2-part-3">3</ref>), and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-3-c"><num>(c)</num><content>is not exempt from being registered (see Part <ref href="#schedule-2-part-4">4</ref>).</content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-9" class="schProv1"><num>9</num><subparagraph eId="schedule-2-paragraph-9-1"><num>(1)</num><intro>This paragraph specifies the circumstanc

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-5" class="schProv1"><num>5</num><subparagraph eId="schedule-3-paragraph-5-1"><num>(1)</num><intro>An overseas entity, and every officer of the entity who is in default, commits an offence if—</intro>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-4-paragraph-4" class="schProv1"><num>4</num><content><mod>In section 27 (application for v

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-5" class="schProv1"><num>5</num><intro><mod>In section 46 (the title of which becomes <quotedText>“Meaning of “disposition” in certain provisions”</quotedText>)—</mod></intro><level class="para1" eId

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-4-paragraph-5-a"><num>(a)</num><content><mod>after “48” insert <quotedText>“and schedule 1A”</quotedText>, and</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-4-paragraph-5-b"><num>(b)</num><content><mod>after “sections” insert <quotedText>“or that schedule”</quotedText>.</mod></content></level>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7"><heading>Registrable beneficial owners: individuals</heading><paragraph eId="schedule-2-paragraph-2" class="schProv1"><num>2</num><intro>An individual is a “<term refersTo="#term-registrable

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-1-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-1-paragraph-3-1"><num

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-1-paragraph-7" class="schProv1"><num>7</num><subparagraph eId="schedule-1-paragraph-7-1"><num

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-2-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-2-paragraph-2-1"><num

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-2-a"><num>(a)</num><content>is a beneficial owner of the overseas entity (see Part <ref href="#schedule-2-part-2">2</ref>), and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-2-b"><num>(b)</num><content>is not exempt from being registered (see Part <ref href="#schedule-2-part-4">4</ref>).</content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-7" class="schProv1"><num>7</num><intro>In this Part of this Schedule—</intro><hcontainer name="definition"><content>“<term refersTo="#term-the-commencement-date" eId="term-the-commencement-date">t

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-the-commencement-date" eId="term-the-commencement-date">the commencement date</term>” means the day on which section 3<ref href="#section-3-1">(1)</ref> comes fully into force;</

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-6" class="schProv1"><num>6</num><content><mod>The italic heading before section 112 becomes <quotedText>“Offences”</quotedText>.</mod></content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-4-paragraph-7" class="schProv1"><num>7</num><content><mod>After section 112 insert—<quoted

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-4-paragraph-8" class="schProv1"><num>8</num><intro>In section 116(2) (orders and regulatio

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-4-paragraph-8-a"><num>(a)</num><content><mod>for “sections”, in the first place it occurs, substitute <quotedText>“provisions”</quotedText>, and</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-4-paragraph-8-b"><num>(b)</num><content><mod>after paragraph (h) insert—<quotedS

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-4-paragraph-9" class="schProv1"><num>9</num><content><mod>After schedule 1 insert—<quotedS

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-43"><num>43</num><heading>Section 42: supplementary</heading><subsection eId="section-43-1"><num

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-43-1"><num>(1)</num><intro>Section 12 has effect as if—</intro><level class="para1" eId="section-43-1-a"><num>(a)</num><content>subsection (1) included a reference to an overseas entity being under a duty to

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-1-a"><num>(a)</num><content>subsection (1) included a reference to an overseas entity being under a duty to comply with that section before delivering statements and information under section 42(1)(c)(i)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-1-b"><num>(b)</num><content>subsection (2) included a reference to obtaining information for the purposes of section 42(1)(c)(i).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-43-2"><num>(2)</num><intro>The Secretary of State may by regulations make further provision in connection with—</intro><level class="para1" eId="section-43-2-a"><num>(a)</num><content>the provision of informa

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-2-a"><num>(a)</num><content>the provision of information under section 42<ref href="#section-42-1-c">(1)(c)</ref>,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-2-b"><num>(b)</num><content>the verification of that information, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-2-c"><num>(c)</num><content>the processing of that information by the registrar,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-43-1A"><num><ins class="first" ukl:ChangeId="key-775175dda168993681a2db1d071338ed-17025555026

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-43-3"><num>(3)</num><content>Regulations under this section are subject to the negative resolution procedure.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-43A"><num><ins class="first" ukl:ChangeId="key-be836d2ecbdff5551ccc1d7d7703019f-1702484589118" u

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-interpretation"><heading>Interpretation</he

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-44"><num>44</num><heading>Interpretation</heading><subsection eId="section-44-1"><num>(1)</num><

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-44-1"><num>(1)</num><intro>In this Part—</intro><hcontainer name="definition"><content

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="definition"><content><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">“protect

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-44-2"><num>(2)</num><content><del class="first" ukl:ChangeId="key-b542ea8c07408e5e5e55b1f6

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-44-3"><num>(3)</num><content>A reference in this Part to a trust includes arrangements, under the law of a country or territory outside the United Kingdom, that are of a similar character to a trust, and any related

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-44-4"><num>(4)</num><content>The Secretary of State may by regulations make provision specifying descriptions of arrangements that are, or are not, to be treated as being of a similar character to a trust for the pu

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-44-5"><num>(5)</num><content>Regulations under subsection <ref href="#section-44-4">(4)</ref> are subject to the negative resolution procedure.</content></subsection>

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="part-2"><num>PART 2</num><heading>Unexplained wealth orders</heading><section eId="section-45"><num>45</num

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-45"><num>45</num><heading>Imposition of unexplained wealth orders on officers etc of property ho

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-45-1"><num>(1)</num><content>The Proceeds of Crime Act 2002 is amended as follows.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-45-2"><num>(2)</num><content>Section 362A (unexplained wealth orders) is amended in accordance with subsections <ref href="#section-45-3">(3)</ref> to <ref href="#section-45-7">(7)</ref>.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-45-3"><num>(3)</num><content><mod>After subsection (2) insert—<quotedStructure startQuote=

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-45-4"><num>(4)</num><content><mod>In subsection (3), in the words before paragraph (a), after “the respondent” insert <quotedText>“or any responsible officer specified in the order (a “specified responsible officer”

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-45-5"><num>(5)</num><intro>In subsection (5)—</intro><level class="para1" eId="section-45-5-a"><num>(a)</num><content><mod>after “requiring the respondent” insert <quotedText>“or any specified responsible off

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-5-a"><num>(a)</num><content><mod>after “requiring the respondent” insert <quotedText>“or any specified responsible officer”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-5-b"><num>(b)</num><content><mod>for “require the respondent” substitute <quotedText>“require them”</quotedText>.</mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-45-6"><num>(6)</num><content><mod>In subsection (6), after “respondent” insert <quotedText>“or any specified responsible officer”</quotedText>.</mod></content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-45-7"><num>(7)</num><content><mod>After subsection (7) insert—<quotedStructure startQuote=

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-45-8"><num>(8)</num><intro>In section 362C (effect of unexplained wealth order in case of non-compliance)—</intro><level class="para1" eId="section-45-8-a"><num>(a)</num><content><mod>in subsection (1), for “

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-8-a"><num>(a)</num><content><mod>in subsection (1), for “the respondent fails” substitute <quotedText>“the respondent and the specified responsible officer (if any), between them, fail”</quotedText>;</mo

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-8-b"><num>(b)</num><content><mod>in subsection (5)(a), after “a respondent” insert <quotedText>“or a specified responsible officer”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-8-c"><num>(c)</num><intro>in subsection (5)(b)—</intro><level class="para2" eId="section-45-8-c-i"><num>(i)</num><content>omit “on the respondent”;</content></level><level class="para2" eId="s

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-45-8-c-i"><num>(i)</num><content>omit “on the respondent”;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-45-8-c-ii"><num>(ii)</num><content><mod>for “the respondent is” substitute <quotedText>“the respondent and the specified responsible officer (if any) are”</quotedText>.</mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-45-9"><num>(9)</num><intro>In section 362D (effect of unexplained wealth order in case of compliance or purported compliance)—</intro><level class="para1" eId="section-45-9-a"><num>(a)</num><content><mod>in s

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-9-a"><num>(a)</num><content><mod>in subsection (1), for “the respondent complies, or purports to comply, with the” substitute <quotedText>“the respondent and the specified responsible officer (if any) be

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-45-9-b"><num>(b)</num><intro>in subsection (7)—</intro><level class="para2" eId="section-45-9-b-i"><num>(i)</num><content>omit paragraph (a);</content></level><level class="para2" eId="section-45

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-45-9-b-i"><num>(i)</num><content>omit paragraph (a);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-45-9-b-ii"><num>(ii)</num><content><mod>in the words after paragraph (c), for “(a) to (c)” substitute <quotedText>“(b) and (c)”</quotedText>.</mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-45-10"><num>(10)</num><content><mod>In section 362G(3) (disclosure of information, copying of documents etc), after “the respondent” insert <quotedText>“or any specified responsible officer”</quotedText>.</mod><

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-45-11"><num>(11)</num><content><mod>In section 362I(3)(b) (application to vary or discharge unexplained wealth order), after “respondent” insert <quotedText>“or any specified responsible officer”</quotedText>.</mod>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-46"><num>46</num><heading>Imposition of unexplained wealth orders on officers etc of property ho

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-46-1"><num>(1)</num><content>The Proceeds of Crime Act 2002 is amended as follows.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-46-2"><num>(2)</num><content>Section 396A (unexplained wealth orders) is amended in accordance with subsections <ref href="#section-46-3">(3)</ref> to <ref href="#section-46-7">(7)</ref>.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-46-3"><num>(3)</num><content><mod>After subsection (2) insert—<quotedStructure startQuote=

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-46-4"><num>(4)</num><content><mod>In subsection (3), in the words before paragraph (a), after “the respondent” insert <quotedText>“or any responsible officer specified in the order (a “specified responsible officer”

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-46-5"><num>(5)</num><intro>In subsection (5)—</intro><level class="para1" eId="section-46-5-a"><num>(a)</num><content><mod>after “requiring the respondent” insert <quotedText>“or any specified responsible off

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-46-5-a"><num>(a)</num><content><mod>after “requiring the respondent” insert <quotedText>“or any specified responsible officer”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-46-5-b"><num>(b)</num><content><mod>for “require the respondent” substitute <quotedText>“require them”</quotedText>.</mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-46-6"><num>(6)</num><content><mod>In subsection (6), after “respondent” insert <quotedText>“or any specified responsible officer”</quotedText>.</mod></content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-46-7"><num>(7)</num><content><mod>After subsection (6) insert—<quotedStructure startQuote=

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-46-8"><num>(8)</num><intro>In section 396C (effect of unexplained wealth order in case of non-compliance)—</intro><level class="para1" eId="section-46-8-a"><num>(a)</num><content><mod>in subsection (1), for “

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-46-8-a"><num>(a)</num><content><mod>in subsection (1), for “the respondent fails” substitute <quotedText>“the respondent and the specified responsible officer (if any), between them, fail”</quotedText>;</mo

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-46-8-b"><num>(b)</num><content><mod>in subsection (5)(a), after “a respondent” insert <quotedText>“or a specified responsible officer”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-46-8-c"><num>(c)</num><intro>in subsection (5)(b)—</intro><level class="para2" eId="section-46-8-c-i"><num>(i)</num><content>omit “on the respondent”;</content></level><level class="para2" eId="s

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-46-8-c-i"><num>(i)</num><content>omit “on the respondent”;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-46-8-c-ii"><num>(ii)</num><content><mod>for “the respondent is” substitute <quotedText>“the respondent and the specified responsible officer (if any) are”</quotedText>.</mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-46-9"><num>(9)</num><intro>In section 396D (effect of unexplained wealth order in case of compliance or purported compliance)—</intro><level class="para1" eId="section-46-9-a"><num>(a)</num><content><mod>in s

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-46-9-a"><num>(a)</num><content><mod>in subsection (1), for “the respondent complies, or purports to comply, with the” substitute <quotedText>“the respondent and the specified responsible officer (if any) be

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-46-9-b"><num>(b)</num><intro>in subsection (8)—</intro><level class="para2" eId="section-46-9-b-i"><num>(i)</num><content>omit paragraph (a);</content></level><level class="para2" eId="section-46

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-46-9-b-i"><num>(i)</num><content>omit paragraph (a);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-46-9-b-ii"><num>(ii)</num><content><mod>in the words after paragraph (c), for “(a) to (c)” substitute <quotedText>“(b) and (c)”</quotedText>.</mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-46-10"><num>(10)</num><content><mod>In section 396G(3) (disclosure of information, copying of documents etc), after “the respondent” insert <quotedText>“or any specified responsible officer”</quotedText>.</mod><

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-47"><num>47</num><heading>Alternative test to the income requirement: England and Wales and Nort

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-47-a"><num>(a)</num><content><mod>after “suspecting” insert <quotedText startQuot

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-47-b"><num>(b)</num><content><mod>at the end insert <quotedText startQuote="&#x20

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-48"><num>48</num><heading>Alternative test to the income requirement: Scotland</heading><intro><

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-48-a"><num>(a)</num><content><mod>after “suspecting” insert <quotedText startQuot

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-48-b"><num>(b)</num><content><mod>at the end insert <quotedText startQuote="&#x20

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-49"><num>49</num><heading>Power to extend period for which interim freezing order has effect: En

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-49-1"><num>(1)</num><content>The Proceeds of Crime Act 2002 is amended as follows.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-49-2"><num>(2)</num><intro>In section 362D (effect of order: cases of compliance or purported compliance)—</intro><level class="para1" eId="section-49-2-a"><num>(a)</num><content><mod>in subsection (3), at th

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-49-2-a"><num>(a)</num><content><mod>in subsection (3), at the end insert <quotedText>“, or that period as it may be extended by virtue of section 362DA or 362DB (the “determination period”)”</quotedText>;</

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-49-2-b"><num>(b)</num><content><mod>in subsection (4), for “60 day period mentioned in subsection (3)” substitute <quotedText>“determination period”</quotedText>.</mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-49-3"><num>(3)</num><content><mod>After that section insert—<quotedStructure startQuote="&

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-49-4"><num>(4)</num><content><mod>In section 362K(6)(a) (variation and discharge of interim freezing order), for “60 day period mentioned in section 362D(3)” substitute <quotedText>“determination period (see section

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-50"><num>50</num><heading>Power to extend period for which interim freezing order has effect: Sc

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-50-1"><num>(1)</num><content>The Proceeds of Crime Act 2002 is amended as follows.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-50-2"><num>(2)</num><intro>In section 396D (effect of order: cases of compliance or purported compliance)—</intro><level class="para1" eId="section-50-2-a"><num>(a)</num><content><mod>in subsection (4), at th

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-50-2-a"><num>(a)</num><content><mod>in subsection (4), at the end insert <quotedText>“, or that period as it may be extended by virtue of section 396DA or 396DB (the “determination period”)”</quotedText>;</

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-50-2-b"><num>(b)</num><content><mod>in subsection (5), for “60 day period mentioned in subsection (3)” substitute <quotedText>“determination period”</quotedText>.</mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-50-3"><num>(3)</num><content><mod>After that section insert—<quotedStructure startQuote="&

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-50-4"><num>(4)</num><content><mod>In section 396K(6)(a) (variation and recall of interim freezing order), for “60 day period mentioned in section 396D(4)” substitute <quotedText>“determination period (see section 39

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-51"><num>51</num><heading>Annual reports on use of unexplained wealth orders: England and Wales<

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-52"><num>52</num><heading>Limits on costs orders in relation to unexplained wealth orders: Engla

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-53"><num>53</num><heading>Limits on expenses orders in relation to unexplained wealth orders: Sc

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="part-3"><num>PART 3</num><heading>Sanctions</heading><chapter eId="part-3-chapter-1"><num>CHAPTER 1</num><h

<chapter xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="part-3-chapter-1"><num>CHAPTER 1</num><heading>Monetary penalties</heading><section eId="section-54"><nu

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-54"><num>54</num><heading>Imposition of monetary penalties</heading><subsection eId="section-54-

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-54-1"><num>(1)</num><content>Section 146 of the Policing and Crime Act 2017 (power to impose monetary penalties for breaching financial sanctions) is amended as follows.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-54-2"><num>(2)</num><content>In subsection (1) omit paragraph (b) (together with “and” preceding it).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-54-3"><num>(3)</num><content><mod>After subsection (1) insert—<quotedStructure startQuote=

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-55"><num>55</num><heading>Procedural rights</heading><content>In section 147 of the Policing and Crime Act 2017 (monetary penalties: procedural rights), omit subsection (5) (personal review by Minister).</content><

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-56"><num>56</num><heading>Reporting on breach of financial sanctions</heading><content><mod>I

<chapter xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="part-3-chapter-2"><num>CHAPTER 2</num><heading>Imposition of sanctions etc</heading><hcontainer name="cr

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-3-chapter-2-crossheading-sanctions-regulations"><heading>Sanctions regulations</heading><section eId="section-57"><num

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-57"><num>57</num><heading>Streamlining process of making sanctions regulations</heading><subsection eId="section-57-1"><num>(1)</num><content>The Sanctions and Anti-Money Laundering Act 2018 (referred to in this Chapte

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-57-1"><num>(1)</num><content>The Sanctions and Anti-Money Laundering Act 2018 (referred to in this Chapter as the “2018 Act”) is amended as follows.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-57-2"><num>(2)</num><content>In section 1 (power to make sanctions regulations) omit subsection (4).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-57-3"><num>(3)</num><content>Omit section 2 (additional requirements for regulations for a purpose within section 1(2)).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-57-4"><num>(4)</num><intro>In section 45 (revocation and amendment of regulations under section 1)—</intro><level class="para1" eId="section-57-4-a"><num>(a)</num><intro>in subsection (2)—</intro><level c

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-57-4-a"><num>(a)</num><intro>in subsection (2)—</intro><level class="para2" eId="section-57-4-a-i"><num>(i)</num><content>omit the “and” at the end of paragraph (a);</content></level><level class

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-57-4-a-i"><num>(i)</num><content>omit the “and” at the end of paragraph (a);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-57-4-a-ii"><num>(ii)</num><content>omit paragraph (b);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-57-4-b"><num>(b)</num><content>omit subsections (3) to (5);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-57-4-c"><num>(c)</num><content>in subsection (6) omit “, section 2”.</content></level>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-3-chapter-2-crossheading-designation"><heading>Designation

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-58"><num>58</num><heading>Urgent designation of persons by name</heading><subsection eId="sectio

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-58-1"><num>(1)</num><content>Section 11 of the 2018 Act (designation of a person by name under a designation power) is amended in accordance with subsections <ref href="#section-58-2">(2)</ref> to <ref href="#sectio

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-58-2"><num>(2)</num><content><mod>After subsection (1) insert—<quotedStructure startQuote=

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-58-3"><num>(3)</num><content><mod>For subsection (2) substitute—<quotedStructure startQuot

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-58-4"><num>(4)</num><content><mod>In subsection (7), after “by name” insert <quotedText>“under the standard procedure”</quotedText>.</mod></content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-58-5"><num>(5)</num><content><mod>After subsection (7) insert—<quotedStructure startQuote=

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-58-6"><num>(6)</num><intro>In subsection (8)—</intro><level class="para1" eId="section

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-6-a"><num>(a)</num><content><mod>for “subsection (7)” substitute <quotedText>“subsections (7) and (7A)”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-58-6-b"><num>(b)</num><content><mod>for “which have led the Minister to make the

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-58-7"><num>(7)</num><intro>In section 22 of the 2018 Act (power to vary or revoke designation made under regulations), in subsection (4), in paragraph (a)—</intro><level class="para1" eId="section-58-7-a"><num>(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-7-a"><num>(a)</num><content><mod>for “11(2)” substitute <quotedText>“11”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-58-7-b"><num>(b)</num><content>omit the words in brackets.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-59"><num>59</num><heading>Urgent designation of persons by description</heading><subsection eId=

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-59-1"><num>(1)</num><content>Section 12 of the 2018 Act (designation by persons by description under a designation power) is amended in accordance with subsections <ref href="#section-59-2">(2)</ref> to <ref href="#

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-59-2"><num>(2)</num><content><mod>After subsection (1) insert—<quotedStructure startQuote=

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-59-3"><num>(3)</num><content><mod>For subsection (2) substitute—<quotedStructure startQuot

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-59-4"><num>(4)</num><content>Omit subsection (4).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-59-5"><num>(5)</num><content>In subsection (5) omit paragraph (b) (and the “and” before it).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-59-6"><num>(6)</num><content><mod>After subsection (5) insert—<quotedStructure startQuote=

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-59-7"><num>(7)</num><content><mod>In subsection (7), after “designated persons” insert <quotedText>“under the standard procedure”</quotedText>.</mod></content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-59-8"><num>(8)</num><content><mod>After subsection (7) insert—<quotedStructure startQuote=

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-59-9"><num>(9)</num><intro>In subsection (8)—</intro><level class="para1" eId="section

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-59-9-a"><num>(a)</num><content><mod>for “subsection (7)” substitute <quotedText>“subsections (7) and (7A)”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-59-9-b"><num>(b)</num><content><mod>for the words from “which have led” to the en

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-59-10"><num>(10)</num><intro>In section 22 of the 2018 Act (power to vary or revoke designation made under regulations), in subsection (4), in paragraph (b)—</intro><level class="para1" eId="section-59-10-a"><nu

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-59-10-a"><num>(a)</num><content><mod>for “12(2)” substitute <quotedText>“12”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-59-10-b"><num>(b)</num><content>omit the words in brackets.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-60"><num>60</num><heading>Specified ships</heading><content>In section 14 of the 2018 Act (“specified ships”), in subsection (6), omit paragraph (b) (and the “and” before it).</content></section>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-61"><num>61</num><heading>Existing sanctions regulations</heading><subsection eId="section-61-1"><num>(1)</num><content>Any pre-commencement regulations which authorise an appropriate Minister to designate persons by n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-61-1"><num>(1)</num><content>Any pre-commencement regulations which authorise an appropriate Minister to designate persons by name (see section 11 of the 2018 Act) have effect, and for the purposes of anything done

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-61-2"><num>(2)</num><content>Any pre-commencement regulations which grant a power to an appropriate Minister to provide that persons of a specified description are designated persons (see section 12 of the 2018 Act)

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-61-3"><num>(3)</num><intro>Pre-commencement regulations have effect, and for the purposes of anything done on or after the day on which this Act is passed are deemed to have always had effect, as if the regulations

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-61-3-a"><num>(a)</num><content>section 11(2)(b) of the 2018 Act (which is now omitted by virtue of the amendment made by section 58(3));</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-61-3-b"><num>(b)</num><content>section 12(2) of the 2018 Act to the extent that that subsection related to provisions repealed by section 59(4) or (5);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-61-3-c"><num>(c)</num><content>provision repealed by section 60.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-61-4"><num>(4)</num><content>In this section, “<term refersTo="#term-pre-commencement-regulations" eId="term-pre-commencement-regulations">pre-commencement regulations</term>” means regulations under Part 1 of the 2

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-3-chapter-2-crossheading-reviews-and-reports"><heading>Rev

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-62"><num>62</num><heading>Removal of reviews</heading><subsection eId="section-62-1"><num>(1)</num><intro>Omit the following provisions of the 2018 Act—</intro><level class="para1" eId="section-62-1-a"><num>(a)</nu

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-62-1"><num>(1)</num><intro>Omit the following provisions of the 2018 Act—</intro><level class="para1" eId="section-62-1-a"><num>(a)</num><content>section 24 (periodic review of certain designations);</con

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-62-1-a"><num>(a)</num><content>section 24 (periodic review of certain designations);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-62-1-b"><num>(b)</num><content>section 28 (periodic review where ships are specified);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-62-1-c"><num>(c)</num><content>section 30 (review of regulations under section 1).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-62-2"><num>(2)</num><intro>In section 33 of the 2018 Act (procedure for requests to, and reviews by, appropriate Minister)—</intro><level class="para1" eId="section-62-2-a"><num>(a)</num><content>in the headi

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-62-2-a"><num>(a)</num><content>in the heading, omit “, and reviews by,”;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-62-2-b"><num>(b)</num><content>in subsection (1) omit “or a review under section 24, 28 or 30”.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-62-3"><num>(3)</num><content>In section 45 of the 2018 Act (revocation and amendment of regulations under section 1), in subsection (6) omit “and section 30”.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-63"><num>63</num><heading>Removal of reporting requirements</heading><subsection eId="section-63-1"><num>(1)</num><intro>Omit the following provisions of the 2018 Act—</intro><level class="para1" eId="section-63-1-

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-63-1"><num>(1)</num><intro>Omit the following provisions of the 2018 Act—</intro><level class="para1" eId="section-63-1-a"><num>(a)</num><content>section 18 (report in respect of offences in regulations);

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-63-1-a"><num>(a)</num><content>section 18 (report in respect of offences in regulations);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-63-1-b"><num>(b)</num><content>section 32 (periodic reports on exercise of power to make regulations under section 1);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-63-1-c"><num>(c)</num><content>section 46 (report where regulations for a purpose within section 1(2) are amended).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-63-2"><num>(2)</num><intro>In section 57 of the 2018 Act (duties to lay certain reports before Parliament: further provision)—</intro><level class="para1" eId="section-63-2-a"><num>(a)</num><content>omit subs

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-63-2-a"><num>(a)</num><content>omit subsections (1) and (2);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-63-2-b"><num>(b)</num><content><mod>in subsection (3), for “a reporting provision” substitute <quotedText>“paragraph 21(2) of Schedule 2 (duty to lay report)”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-63-2-c"><num>(c)</num><content><mod>in subsection (4), for “a reporting provision” substitute <quotedText>“paragraph 21(2) of Schedule 2”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-63-2-d"><num>(d)</num><content><mod>in subsection (5), for “the reporting provision in question” substitute <quotedText>“paragraph 21(2) of Schedule 2”</quotedText>.</mod></content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-64"><num>64</num><heading>Court reviews: restrictions regarding damages</heading><subsection eId

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-64-1"><num>(1)</num><intro>In section 39 of the 2018 Act (court reviews: further provision

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-64-1-a"><num>(a)</num><content>in subsection (2) omit paragraph (a) (and the “or” after it);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-64-1-b"><num>(b)</num><content><mod>after subsection (2) insert—<quotedStructure

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-64-2"><num>(2)</num><content><mod>In section 55 (regulations: procedure), in subsection (5

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-64-3"><num>(3)</num><content>The amendments made by this section apply in relation to proceedings to which section 39(2) of the 2018 Act applies that are commenced on or after 4 March 2022.</content></subsection

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-3-chapter-2-crossheading-miscellaneous"><heading>Miscellaneous</heading><section eId="section-65"><num>65</num><headin

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-65"><num>65</num><heading>Sharing of information</heading><content><mod>In section 16 of the 2018 Act (sanctions regulations: information), in subsection (1)(a) after “requiring” insert <quotedText>“or authorising”</qu

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-66"><num>66</num><heading>Consequential provision</heading><subsection eId="section-66-1"><num>(1)</num><intro>An appropriate Minister (within the meaning of the 2018 Act) may by regulations make provision that the Min

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-66-1"><num>(1)</num><intro>An appropriate Minister (within the meaning of the 2018 Act) may by regulations make provision that the Minister considers to be consequential on this Chapter amending—</intro><level c

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-66-1-b"><num>(b)</num><content>regulations made under Part 1 of that Act.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-66-2"><num>(2)</num><content>A statutory instrument containing (whether alone or with other provision) regulations under this section that amend or repeal any provision of Part 1 or 3 of the 2018 Act is subject to t

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-66-3"><num>(3)</num><content>Any other statutory instrument containing regulations under this section is subject to the negative resolution procedure.</content></subsection>

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="part-4"><num>PART 4</num><heading>General</heading><section eId="section-67"><num>67</num><heading>Regulations</heading><subsection eId="section-67-1"><num>(1)</num><content>A power to make regulations under this Act is exercisab

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-67"><num>67</num><heading>Regulations</heading><subsection eId="section-67-1"><num>(1)</num><content>A power to make regulations under this Act is exercisable by statutory instrument.</content></subsection><subsect

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-67-1"><num>(1)</num><content>A power to make regulations under this Act is exercisable by statutory instrument.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-67-2"><num>(2)</num><content>Regulations under this Act may make different provision for different purposes.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-67-3"><num>(3)</num><intro>Regulations under this Act may—</intro><level class="para1" eId="section-67-3-a"><num>(a)</num><content>include supplementary, incidental and consequential provision;</content><

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-67-3-a"><num>(a)</num><content>include supplementary, incidental and consequential provision;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-67-3-b"><num>(b)</num><content>make transitional provision and savings.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-67-4"><num>(4)</num><content>Where regulations under this Act are subject to “the affirmative resolution procedure”, the regulations may not be made unless a draft of the statutory instrument containing them has bee

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-67-5"><num>(5)</num><content>Where regulations under this Act are subject to “the negative resolution procedure”, the statutory instrument containing the regulations is subject to annulment in pursuance of a resolut

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-67-6"><num>(6)</num><content>Any provision that may be made by regulations under this Act subject to the negative resolution procedure may be made by regulations subject to the affirmative resolution procedure.<

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-67-7"><num>(7)</num><content>This section does not apply to regulations under section 69.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-68"><num>68</num><heading>Extent</heading><subsection eId="section-68-1"><num>(1)</num><intro>Except as mentioned in subsections <ref href="#section-68-2">(2)</ref> to (4), this Act extends to—</intro><level class=

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-68-1"><num>(1)</num><intro>Except as mentioned in subsections <ref href="#section-68-2">(2)</ref> to (4), this Act extends to—</intro><level class="para1" eId="section-68-1-a"><num>(a)</num><content>England a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-68-1-a"><num>(a)</num><content>England and Wales,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-68-1-b"><num>(b)</num><content>Scotland, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-68-1-c"><num>(c)</num><content>Northern Ireland.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-68-2"><num>(2)</num><intro>In Part 1—</intro><level class="para1" eId="section-68-2-a"><num>(a)</num><content>section 33(1) and Schedule 3 extend to England and Wales only;</content></level><level class="

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-68-2-a"><num>(a)</num><content>section 33(1) and Schedule 3 extend to England and Wales only;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-68-2-b"><num>(b)</num><content>section 33(2) and Parts 1 and 2 of Schedule 4 extend to Scotland only;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-68-2-c"><num>(c)</num><content>section 33<ref href="#section-33-3">(3)</ref> to <ref href="#section-33-7">(7)</ref> and Schedule 5 extend to Northern Ireland only.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-68-3"><num>(3)</num><content>In Part 2, section 51 extends to England and Wales only.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-68-4"><num>(4)</num><content>The amendments made by the rest of Part 2 and by Part 3 have the same extent as the provisions amended.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-69"><num>69</num><heading>Commencement</heading><subsection eId="section-69-1"><num>(1)</num><content>Parts 1 and 2 come into force on such day as the Secretary of State may by regulations appoint.</content></subse

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-69-1"><num>(1)</num><content>Parts 1 and 2 come into force on such day as the Secretary of State may by regulations appoint.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-69-2"><num>(2)</num><content>Chapter 1 of Part 3 comes into force on such day as the Treasury may by regulations appoint.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-69-3"><num>(3)</num><content>Chapter 2 of Part 3 and this Part come into force on the day on which this Act is passed.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-69-4"><num>(4)</num><content>The Secretary of State may by regulations make transitional or saving provision in connection with the coming into force of any provision of Parts 1 and 2 or this Part.</content></su

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-69-5"><num>(5)</num><content>The Secretary of State or the Treasury may by regulations make transitional or saving provision in connection with the coming into force of any provision of Part 3.</content></subsec

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-69-6"><num>(6)</num><content>Regulations under this section may make different provision for different purposes.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-69-7"><num>(7)</num><content>A power to make regulations under this section is exercisable by statutory instrument.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-70"><num>70</num><heading>Short title</heading><content>This Act may be cited as the Economic Crime (Transparency and Enforcement) Act 2022.</content></section>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="schedules"><heading>SCHEDULES</heading><hcontainer name="schedule" eId="schedule-1"><num>SCHEDULE 1<

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-1"><num>SCHEDULE 1<authorialNote class="referenceNote">Sections 4, 7 and

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-part-1"><num>PART 1</num><heading>Introduction</heading><paragraph eId="schedule-1-paragraph-1" class="schProv1"><num>1</num><content>This Schedule sets out the required information for the purposes of sections 4, 7 an

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-1" class="schProv1"><num>1</num><content>This Schedule sets out the required information for the purposes of sections 4, 7 and 9.</content></paragraph>

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-1-part-2"><num>PART 2</num><heading>Overseas entities</heading><paragraph eId="schedule-1-paragrap

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-1-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-1-paragraph-2-1"><num

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-1-part-3"><num>PART 3</num><heading>Registrable beneficial owners</heading><hcontainer name="cross

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" class="schGroup7" eId="d25e8678"><heading>Individuals</heading><paragraph eId="schedul

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="definition"><content><ins class="last" ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547274633" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-1-paragraph-4" class="schProv1"><num>4</num><intro>Where a registrable beneficial owner is

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-4-b"><num>(b)</num><content>principal office;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-4-c"><num>(c)</num><content>a service address;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-4-d"><num>(d)</num><content>its legal form and the law by which it is governed;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-4-e"><num>(e)</num><content>the date on which the entity became a registrable beneficial owner in relation to the overseas entity;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="schedule-1-paragraph-4-f"><num><ins class="first" ukl:ChangeId="key-2e8647b5454f6c982304f048

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-1-paragraph-4-g"><num>(g)</num><content>whether the entity is a designated person (within the meaning of section 9(2) of the Sanctions and Anti-Money Laundering Act 2018), where that information is publicl

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-1-paragraph-4-fa"><num><ins ukl:ChangeId="key-2e8647b5454f6c982304f048bae63f73-1702556161433" ukl:CommentaryRef="key-2e8647b5454f6c982304f048ba

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-1-paragraph-4-fb"><num><ins ukl:ChangeId="key-2e8647b5454f6c982304f048bae63f73-1702556161433" ukl:CommentaryRef="key-2e8647b5454f6c982304f048ba

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-1" class="schProv1"><num>1</num><subparagraph eId="schedule-2-paragraph-1-1"><num>(1)</num><content>This Part defines “<term refersTo="#term-registrable-beneficial-owner" eId="term-registrable-beneficial

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-2-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-2-paragraph-4-1"><num

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-10" class="schProv1"><num>10</num><content>This Part sets out further rules for the interpretation of this Schedule.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-18" class="schProv1"><num>18</num><subparagraph eId="schedule-2-paragraph-18-1"><num>(1)</num><content>A person holds a share “indirectly” if the person has a majority stake in a legal entity and that en

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-18-a"><num>(a)</num><content>holds the share in question, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-18-b"><num>(b)</num><intro>is part of a chain of legal entities—</intro><level class="para2" eId="schedule-2-paragraph-18-b-i"><num>(i)</num><content>each of which (other than the last)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="schedule-2-paragraph-18-b-i"><num>(i)</num><content>each of which (other than the last) has a majority stake in the entity immediately below it in the chain, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="schedule-2-paragraph-18-b-ii"><num>(ii)</num><content>the last of which holds the share.</content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-21" class="schProv1"><num>21</num><subparagraph eId="schedule-2-paragraph-21-1"><num>(1)</num><intro>Rights that are exercisable only in certain circumstances are to be taken into account only—</intr

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-24" class="schProv1"><num>24</num><content>In this Schedule “<term refersTo="#term-director" eId="term-director">director</term>” includes any person occupying the position of director, by whatever name

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" class="schGroup7" eId="d25e8790"><heading>Governments and public authorities</heading>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-the-court" eId="term-the-court">the court</term>” has the same meaning as in the Companies Acts (see section 1156 of the Companies Act 2006);</content></hcontainer>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-1-paragraph-5" class="schProv1"><num>5</num><subparagraph eId="schedule-1-paragraph-5-1"><num

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-10" class="schProv1"><num>10</num><subparagraph eId="schedule-4-paragraph-10-1"><num>(1)</num><intro>This paragraph applies where—</intro><level class="para1" eId="schedule-4-paragraph-10-1-a"><num>(

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e8862"><heading>Other legal entities</heading><paragraph eId

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-1-part-4"><num>PART 4</num><heading>Managing officers</heading><hcontainer name="crossheading" cla

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-1-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="schedule-1-paragraph-6-1"><num

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-25-1n1"><num><ins class="first" ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-1-an1"><num><ins ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034996" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-1-bn1"><num><ins ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034996" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-1-c"><num><ins ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034996" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(c)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-1-d"><num><ins ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034996" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(d)

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-25-2n1"><num><ins ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034996" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(2)</ins></n

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-2-an1"><num><ins ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034996" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-2-bn1"><num><ins ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034996" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-2-c"><num><ins ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034996" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(c)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-2-d"><num><ins ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034996" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(d)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-2-e"><num><ins ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034996" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(e)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-2-f"><num><ins ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034996" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(f)

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-25-3n1"><num><ins ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034996" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(3)</ins></n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-25-4n1"><num><ins ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034996" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(4)</ins></n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-25-5n1"><num><ins ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034996" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(5)</ins></n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-25-6n1"><num><ins ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034996" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(6)</ins></n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-25-7n1"><num><ins ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034996" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(7)</ins></n

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-7-a"><num><ins ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034996" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(a)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-25-7-b"><num><ins ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034996" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(b)

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-25-8"><num><ins ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034996" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(8)</ins></num

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-25-9"><num><ins ukl:ChangeId="key-a691280b4857e5c02d08f731da79bebc-1702553034996" ukl:CommentaryRef="key-a691280b4857e5c02d08f731da79bebc">(9)</ins></num

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e8981"><heading>Individuals</heading><paragraph eId="schedul

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e9097"><heading>Persons other than individuals</heading><par

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-1-part-5"><num>PART 5</num><heading>Trusts</heading><paragraph eId="schedule-1-paragraph-8" class=

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-1-paragraph-8" class="schProv1"><num>8</num><subparagraph eId="schedule-1-paragraph-8-1"><num

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-part-6"><num>PART 6</num><heading>Powers to make further provision under this Schedule</heading><paragraph eId="schedule-1-paragraph-9" class="schProv1"><num>9</num><subparagraph eId="schedule-1-paragraph-9-1"><num>(1)</n

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-9" class="schProv1"><num>9</num><subparagraph eId="schedule-1-paragraph-9-1"><num>(1)</num><content>The Secretary of State may by regulations make further provision about the information required by para

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-10" class="schProv1"><num>10</num><subparagraph eId="schedule-1-paragraph-10-1"><num>(1)</num><content>The Secretary of State may by regulations amend this Schedule so as to add to or remove from any lis

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="schedule" eId="schedule-2"><num>SCHEDULE 2<authorialNote class="referenceNote">Section 4</aut

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-2-part-1"><num>PART 1</num><heading>Meaning of “registrable beneficial owner”</heading><hcontainer

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e9503"><heading>Introduction</heading><paragraph eId="schedule-2-paragraph-1" class="schProv1"><num>1</num><subparagraph eId="schedule-2-paragraph-1-1"><num>(1)</num><content>This Pa

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" class="schGroup7" eId="d25e9555"><heading>Registrable beneficial owners: individuals</

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" class="schGroup7" eId="d25e9606"><heading>Registrable beneficial owners: legal entitie

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" class="schGroup7" eId="d25e9669"><heading>Registrable beneficial owners: government or

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-2-part-2"><num>PART 2</num><heading>Meaning of “beneficial owner”</heading><hcontainer name="cross

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-the-update-requirements" eId="term-the-update-requirements">the update requirements</term>” means the requirements as to the material that must be delivered to the registrar unde

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-5" class="schProv1"><num>5</num><content>This Part defines “<term refersTo="#term-beneficial-owner" eId="term-beneficial-owner">beneficial owner</term>” for the purposes of this Part of this Act.</co

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-14" class="schProv1"><num>14</num><subparagraph eId="schedule-2-paragraph-14-1"><num>(1)</num><content>A reference to the voting rights in a legal entity is to the rights conferred on shareholders in res

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-19" class="schProv1"><num>19</num><content>A share held by a person as nominee for another is to be treated for the purposes of this Schedule as held by the other (and not by the nominee).</content><

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-22" class="schProv1"><num>22</num><intro>Rights attached to shares held by way of security provided by a person are to be treated for the purposes of this Schedule as held by that person—</intro><lev

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-22-a"><num>(a)</num><content>where apart from the right to exercise them for the purpose of preserving the value of the security, or of realising it, the rights are exercisable only in accordan

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-22-b"><num>(b)</num><content>where the shares are held in connection with the granting of loans as part of normal business activities and apart from the right to exercise them for the purpose o

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-4-paragraph-1" class="schProv1"><num>1</num><subparagraph eId="schedule-4-paragraph-1-1"><num

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-11" class="schProv1"><num>11</num><subparagraph eId="schedule-4-paragraph-11-1"><num>(1)</num><intro>This paragraph applies where—</intro><level class="para1" eId="schedule-4-paragraph-11-1-a"><num>(

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-15" class="schProv1"><num>15</num><content>In applying this Schedule, the voting rights in a legal entity are to be reduced by any rights held by the entity itself.</content></paragraph>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e9710"><heading>Introduction</heading><paragraph eId="schedule-2-paragraph-5" class="schProv1"><num>5</num><content>This Part defines “<term refersTo="#term-beneficial-owner" eId="te

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e9725"><heading>Beneficial owners</heading><paragraph eId="schedule-2-paragraph-6" class="schProv1"><num>6</num><content

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" class="schGroup7" eId="d25e9788"><heading><ins class="first" ukl:ChangeId="key-f7c4a1a

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-6A" class="schProv1"><num><ins ukl:ChangeId="key-f7c4a1ae8ad4c2ad6ed4887730b6c14c-1702482678185" ukl:CommentaryRef="key-f7c4a1ae8ad4c2ad6ed48

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-part-3"><num>PART 3</num><heading>Meaning of “subject to its own disclosure requirements”</heading><paragraph eId="schedule-2-paragraph-7" class="schProv1"><num>7</num><subparagraph eId="schedule-2-paragraph-7-1"><num>(1)

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-7" class="schProv1"><num>7</num><subparagraph eId="schedule-2-paragraph-7-1"><num>(1)</num><intro>For the purposes of this Schedule a legal entity is “subject to its own disclosure requirements” if—<

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-2-part-4"><num>PART 4</num><heading>Beneficial owners exempt from registration</heading><hcontaine

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-exempt-overseas-entity" eId="term-exempt-overseas-entity">exempt overseas entity</term>” means an overseas entity of a description specified in regulations under section 34<ref h

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-2-paragraph-8" class="schProv1"><num>8</num><intro>For the purposes of <ins class="first l

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-8-a"><num>(a)</num><content>the person does not hold any interest in the overseas entity other than through one or more legal entities (see paragraph <ref href="#schedule-2-paragraph-9">9</ref>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-8-b"><num>(b)</num><content>the person is a beneficial owner of every legal entity through which the person holds such an interest (see paragraph <ref href="#schedule-2-paragraph-9">9</ref>),</

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-8-c"><num>(c)</num><content>as respects any shares or right in the overseas entity which the person holds indirectly as described in paragraph <ref href="#schedule-2-paragraph-9-3-b-i">9(3)(b)(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="schedule-2-paragraph-8-ba"><num><ins class="first" ukl:ChangeId="key-7b21af7f0b7b83c8f0edb2a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-2-paragraph-8-d"><num>(d)</num><content>as respects any shares or right in the overseas entity which the person holds indirectly as described in paragraph <ref href="#schedule-2-paragraph-9-3-b-ii">9(3)(b)

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-13" class="schProv1"><num>13</num><subparagraph eId="schedule-2-paragraph-13-1"><num>(1)</num><content>In relation to a legal entity that has a share capital, a reference to holding “more than 25% of the

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" class="schGroup7" eId="d25e10006"><heading>“Exempt from being registered”</heading><pa

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e10065"><heading>Holding an interest in an overseas entity etc</heading><paragraph eId="schedule-2-paragraph-9" class="s

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-part-5"><num>PART 5</num><heading>Supplementary provision about interpretation of Schedule</heading><hcontainer name="crossheading" class="schGroup7" eId="d25e10206"><heading>Introduction</heading><paragraph eId="schedule

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e10206"><heading>Introduction</heading><paragraph eId="schedule-2-paragraph-10" class="schProv1"><num>10</num><content>This Part sets out further rules for the interpretation of this

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e10218"><heading>Joint interests</heading><paragraph eId="schedule-2-paragraph-11" class="schProv1"><num>11</num><content>If two or more persons hold a share or right jointly, each o

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="definition"><content><ins ukl:ChangeId="key-d517e076e101cea5e03bce3fcab1f7b8-1702547206276" ukl:CommentaryRef="key-d517e076e101cea5e03bce3fcab1f7b8">“</ins><

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-12" class="schProv1"><num>12</num><subparagraph eId="schedule-2-paragraph-12-1"><num>(1)</num><content>If shares or rights held by a person and shares or rights held by another person are the subject of

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-12-1n1"><num><ins class="first" ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f6c80-1702551258

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-12-2n1"><num><ins ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f6c80-1702551258586" ukl:CommentaryRef="key-ecd9b374f5a2fa21796d5441720f6c80">(2)</ins></n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-12-3n1"><num><ins ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f6c80-1702551258586" ukl:CommentaryRef="key-ecd9b374f5a2fa21796d5441720f6c80">(3)</ins></n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-12-4n1"><num><ins ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f6c80-1702551258586" ukl:CommentaryRef="key-ecd9b374f5a2fa21796d5441720f6c80">(4)</ins></n

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-12-4-an1"><num><ins ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f6c80-1702551258586" ukl:CommentaryRef="key-ecd9b374f5a2fa21796d5441720f6c80">(

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-12-4-bn1"><num><ins ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f6c80-1702551258586" ukl:CommentaryRef="key-ecd9b374f5a2fa21796d5441720f6c80">(

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-12-5n1"><num><ins ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f6c80-1702551258586" ukl:CommentaryRef="key-ecd9b374f5a2fa21796d5441720f6c80">(5)</ins></n

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-12-5-a"><num><ins ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f6c80-1702551258586" ukl:CommentaryRef="key-ecd9b374f5a2fa21796d5441720f6c80">(a)

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-12-5-b"><num><ins ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f6c80-1702551258586" ukl:CommentaryRef="key-ecd9b374f5a2fa21796d5441720f6c80">(b)

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-12-6"><num><ins ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f6c80-1702551258586" ukl:CommentaryRef="key-ecd9b374f5a2fa21796d5441720f6c80">(6)</ins></num

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-12-7"><num><ins ukl:ChangeId="key-ecd9b374f5a2fa21796d5441720f6c80-1702551258586" ukl:CommentaryRef="key-ecd9b374f5a2fa21796d5441720f6c80">(7)</ins></num

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e10230"><heading>Joint arrangements</heading><paragraph eId="schedule-2-paragraph-12" class="schProv1"><num>12</num><subparagraph eId="schedule-2-paragraph-12-1"><num>(1)</num><content>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e10279"><heading>Calculating shareholdings</heading><paragraph eId="schedule-2-paragraph-13" class="schProv1"><num>13</num><subparagraph eId="schedule-2-paragraph-13-1"><num>(1)</num><c

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e10313"><heading>Voting rights</heading><paragraph eId="schedule-2-paragraph-14" class="schProv1"><num>14</num><subparagraph eId="schedule-2-paragraph-14-1"><num>(1)</num><content>A

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e10356"><heading>Rights to appoint or remove members of the board</heading><paragraph eId="schedule-2-paragraph-16" class="schProv1"><num>16</num><content>A reference to the right to

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e10377"><heading>Shares or rights held “indirectly”</heading><paragraph eId="schedule-2-paragraph-18" class="schProv1"><num>18</num><subparagraph eId="schedule-2-paragraph-18-1"><num>(1

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e10495"><heading>Shares held by nominees</heading><paragraph eId="schedule-2-paragraph-19" class="schProv1"><num>19</num><content>A share held by a person as nominee for another is t

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e10507"><heading>Rights treated as held by a person who controls their exercise</heading><paragraph eId="schedule-2-paragraph-20" class="schProv1"><num>20</num><subparagraph eId="schedu

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e10565"><heading>Rights exercisable only in certain circumstances etc</heading><paragraph eId="schedule-2-paragraph-21" class="schProv1"><num>21</num><subparagraph eId="schedule-2-parag

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e10635"><heading>Rights attached to shares held by way of security</heading><paragraph eId="schedule-2-paragraph-22" class="schProv1"><num>22</num><intro>Rights attached to shares he

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e10659"><heading>Limited partnerships</heading><paragraph eId="schedule-2-paragraph-23" class="schProv1"><num>23</num><subparagraph eId="schedule-2-paragraph-23-1"><num>(1)</num><conten

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e10782"><heading>Meaning of “director”</heading><paragraph eId="schedule-2-paragraph-24" class="schProv1"><num>24</num><content>In this Schedule “<term refersTo="#term-director" eId=

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="schedule-2-part-6"><num>PART 6</num><heading><ins class="first last" ukl:ChangeId="key-dba8effcd5f2a0ad6c2f

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-25" class="schProv1"><num>25</num><subparagraph eId="schedule-2-paragraph-25-1"><num>(1)</num><content>The Secretary of State may by regulations amend this Schedule for a permitted purpose.</content>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" class="schGroup7" eId="d25e10803"><heading><ins class="first" ukl:ChangeId="key-bfa01e

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-2-paragraph-24A" class="schProv1"><num><ins ukl:ChangeId="key-bfa01ebf0ad4b638278a59e43afb57d8-1702483463747" ukl:CommentaryRef="key-bfa01ebf0ad4b638278a

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-3"><num>SCHEDULE 3<authorialNote class="referenceNote">Section 33(1)<

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-3-part-1"><num>PART 1</num><heading>Amendments to Land Registration Act 2002</heading><paragraph e

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-1" class="schProv1"><num>1</num><content>The Land Registration Act 2002 is amended as follows.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-3-paragraph-2" class="schProv1"><num>2</num><content><mod>After section 85 insert—<quotedS

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-3-paragraph-3" class="schProv1"><num>3</num><content><mod>After Schedule 4 insert—<quotedS

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-3-paragraph-4" class="schProv1"><num>4</num><intro>In section 128 (regulations), in subsec

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-3-paragraph-4-a"><num>(a)</num><content>omit the “or” at the end of paragraph (b);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-3-paragraph-4-b"><num>(b)</num><content><mod>at the end of paragraph (d) insert

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-part-2"><num>PART 2</num><heading>Transition: qualifying estates registered pre-commencement</heading><hcontainer name="crossheading" class="schGroup7" eId="d25e11483"><heading>Duty of proprietor to register as an oversea

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e11483"><heading>Duty of proprietor to register as an overseas entity within transitional period</heading><paragraph eId="schedule-3-paragraph-5" class="schProv1"><num>5</num><subparagr

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e11582"><heading>Registrar’s duty to enter restriction in relation to qualifying estate</heading><paragraph eId="schedule-3-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e11627"><heading>Interpretation</heading><paragraph eId="schedule-3-paragraph-7" class="schProv1"><num>7</num><intro>In this Part of this Schedule—</intro><hcontainer name="defin

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-4"><num>SCHEDULE 4<authorialNote class="referenceNote">Section 33(2)<

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-4-part-1"><num>PART 1</num><heading>Amendments</heading><hcontainer name="crossheading" class="sch

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e11687"><heading>Conveyancing (Scotland) Act 1924</heading><

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e11727"><heading>Land Registration etc. (Scotland) Act <ref

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-part-2"><num>PART 2</num><heading>Transition: deeds registered pre-commencement</heading><hcontainer name="crossheading" class="schGroup7" eId="d25e12791"><heading>Duty to register as an overseas entity within transitiona

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e12791"><heading>Duty to register as an overseas entity within transitional period</heading><paragraph eId="schedule-4-paragraph-10" class="schProv1"><num>10</num><subparagraph eId="sch

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e12869"><heading>Disapplication of certain provisions during transitional period</heading><paragraph eId="schedule-4-paragraph-11" class="schProv1"><num>11</num><subparagraph eId="sched

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e12932"><heading>Interpretation</heading><paragraph eId="schedule-4-paragraph-12" class="schProv1"><num>12</num><intro>In this Part of this Schedule—</intro><hcontainer name="def

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-part-3"><num>PART 3</num><heading>Power to make further provision</heading><paragraph eId="schedule-4-paragraph-14" class="schProv1"><num>14</num><subparagraph eId="schedule-4-paragraph-14-1"><num>(1)</num><content>The

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-14" class="schProv1"><num>14</num><subparagraph eId="schedule-4-paragraph-14-1"><num>(1)</num><content>The Secretary of State may by regulations make further or alternative provision for the purpose of r

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-5"><num>SCHEDULE 5<authorialNote class="referenceNote">Section 33(3)<

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-5-paragraph-1" class="schProv1"><num>1</num><content>The Land Registration Act (Northern Ireland) 1970 is amended as follows.</content></paragraph>

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