[F1[F2Power to impose further dutiesU.K.
Textual Amendments
F1Pt. 21A inserted (26.5.2015 for specified purposes, 6.4.2016 except for the insertion of ss. 790M(9)(c), 790W-790ZE and 30.6.2016 so far as not already in force) by Small Business, Enterprise and Employment Act 2015 (c. 26), s. 164(1), Sch. 3 para. 1; S.I. 2015/1329, reg. 3(a); S.I. 2015/2029, regs. 4(a), 5(a)
F2S. 790IA and cross-heading inserted (26.10.2023 for specified purposes, 4.3.2024 for specified purposes) by Economic Crime and Corporate Transparency Act 2023 (c. 56), s. 219(1)(2)(b), Sch. 2 para. 14; S.I. 2024/269, reg. 2(z10)
790IAPower to impose further duties involving nominee shareholdersU.K.
(1)The Secretary of State may by regulations make further provision for the purpose of enabling a company to which this Part applies to find out about anyone who has become or ceased to be a person who is—
(a)a registrable person in relation to the company by virtue of shares being held by a nominee, or
(b)a registrable relevant legal entity in relation to the company by virtue of shares being held by a nominee.
(2)The regulations may, in particular—
(a)impose obligations on a company with a view to obtaining—
(i)information about whether a person has become or ceased to be a nominee shareholder;
(ii)if they have, information about: (A) the shareholding; (B) the nominee; (C) the person for whom the nominee holds or held the shares;
(iii)any other information required by the regulations;
(b)impose obligations on others (including nominees or former nominees) with a view to providing the company with—
(i)information of a kind described in paragraph (a)(i) or (ii);
(ii)any other information required by the regulations.
(3)The regulations may, in particular, make provision similar or corresponding to any of the preceding provisions of this Chapter.
(4)The provision that may be made by regulations under subsection (1) includes provision amending this Chapter.
(5)Regulations under this section are subject to affirmative resolution procedure.]]