Part 40Company directors: foreign disqualification etc

Power to require statements to be sent to the registrar of companies

1188Statements from persons subject to foreign restrictions

1

The Secretary of State may make provision by regulations requiring a person who—

a

is subject to foreign restrictions, and

b

is not disqualified under this Part,

to send a statement to the registrar if he does anything that, if done by a person disqualified under this Part, would be in breach of the disqualification.

2

The statement must include such information as may be specified in the regulations relating to—

a

the person’s activities in relation to UK companies, and

b

the foreign restrictions to which the person is subject.

3

The statement must be sent to the registrar within such period as may be specified in the regulations.

4

The regulations may make different provision for different cases and may in particular distinguish between cases by reference to—

a

the conduct on the basis of which the person became subject to foreign restrictions;

b

the nature of the foreign restrictions;

c

the country or territory under whose law the foreign restrictions were imposed.

5

Regulations under this section are subject to affirmative resolution procedure.