PART 2

Register of persons holding a controlled interest in land

Establishment and contents

Amendment of the RCI
5
1
The Keeper must remove an entry for a recorded person from the RCI if the Keeper is given notice under regulation 12 to the effect that—
a
the person has ceased to be an owner or the tenant of the land, or
b
the recorded person has no associates.
2
The Keeper must make such other amendments to entries in the RCI as are necessary in consequence of—
a
the Keeper being given any of the following documents—
i
a notice under regulation 12 of an event affecting the RCI,
ii
a security declaration,
iii
a notice under regulation 17 revoking a security declaration,
iv
a notice under regulation 23 of the death, winding-up or dissolution of a person,
b
a security declaration ceasing to have effect in accordance with regulation 16,
c
the Keeper otherwise becoming aware of an inaccuracy in the RCI.
3
An entry as amended by the Keeper must comply with regulation 3.
4
Where the Keeper becomes aware of an inaccuracy under paragraph 2(c), the Keeper may request—
a
the person providing any of the documents listed in paragraph 2(a)(i)-(iv), or
b
any other person the Keeper considers may have relevant information about the inaccuracy,
to provide the Keeper, within such period as the Keeper may specify, with such further information or documents relevant to the correction of the inaccuracy as the Keeper may specify.
5
For the purposes of paragraph 2(c), an inaccuracy includes the omission of information which is required to be recorded by these Regulations.
Reg. 5 in force at 1.4.2022, see reg. 1