The Economic Crime and Corporate Transparency Act 2023 (Consequential, Supplementary and Incidental Provisions) Regulations 2024

Overseas Companies Regulations 2009

4.—(1) The Overseas Companies Regulations 2009(1) are amended as follows.

(2) In regulation 18(2) (interpretation), omit the definition of “specified public authority”.

(3) In regulation 21 (protected information: restriction on use or disclosure by registrar)—

(a) in the heading omit “use or”;

(b) in paragraph (3)—

(i) for “the registrar must not use or disclose” substitute “the registrar must not disclose”;

(ii) for sub-paragraph (a) substitute—

“(a) as permitted by regulation 24 (permitted disclosure by registrar: disclosure to credit reference agency),”;

(iii) at the end of sub-paragraph (b) for the full stop substitute “, or”;

(iv) after sub-paragraph (b) insert—

“(c) in accordance with section 1110F (disclosure by the registrar) of the Companies Act 2006.”.

(4) Omit regulation 22 (permitted use of protected information by the registrar: communication).

(5) Omit regulation 23 (permitted disclosure by the registrar: disclosure to specified public authority).

(6) Omit Schedule 1 (specified public authorities).

(7) In Schedule 2 (conditions for permitted disclosure)—

(a) omit Part 1 (disclosure to specified public authority);

(b) in paragraph 6(c)(i) for “section 1112 (general false statement offence)” substitute “section 1112 (false statements: basic offence) or section 1112A (false statements: aggravated offence)”;

(c) for paragraph 7(d)(i) substitute—

“(i) a person to whom the registrar could disclose information under section 1110F (disclosure by the registrar) of the Companies Act 2006; or”;

(d) in paragraph 11—

(i) in sub-paragraph (1) omit the definition of a “public function” and “and” preceding it;

(ii) omit sub-paragraph (2)(b) and “and” preceding it.

(1)

S.I. 2009/1801.