Cases where Keeper must reject application to register notice of titleS
[F13(1)This paragraph applies where—
(a)by virtue of section 4A of the Conveyancing (Scotland) Act 1924, a person makes an application under section 21 for registration of a notice of title completing title in respect of a qualifying registrable deed, and
(b)if the application is accepted by the Keeper—
(i)the name of an overseas entity would be entered as proprietor in the proprietorship section of the title sheet of a registered plot of land, or
(ii)an overseas entity would be the tenant under a registered lease.
(2)The Keeper must reject the application unless the overseas entity is—
(a)a registered overseas entity, or
(b)an exempt overseas entity.
(3)Sub-paragraph (2) does not apply where—
(a)the application is made by a person other than the overseas entity referred to in sub-paragraph (1)(b)(i), and
(b)the deed in respect of which title is being completed is a lease or an assignation of a lease the subjects of which consist of or form part of an unregistered plot of land of which that overseas entity is the proprietor.]
Textual Amendments
F1Sch. 1A inserted (5.9.2022) by Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), s. 69(1), Sch. 4 para. 9; S.I. 2022/876, reg. 4(c)