Textual Amendments
F1Sch. 4A inserted (5.9.2022) by Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), s. 69(1), Sch. 3 para. 3; S.I. 2022/876, reg. 4(c)
4(1)This paragraph applies where—
(a)an overseas entity is entitled to be registered as the proprietor of a qualifying estate,
(b)the overseas entity became entitled to be registered as the proprietor of that estate on or after the day on which this paragraph comes into force, and
(c)the entity makes a registrable disposition within section 27(2)(a), (b)(i) or (f).
(2)The disposition must not be registered unless—
(a)the entity is a registered overseas entity, or is an exempt overseas entity, at the time of the disposition,
(b)the disposition is made in pursuance of a statutory obligation or court order, or occurs by operation of law,
(c)the disposition is made in pursuance of a contract made before the overseas entity became entitled to be registered,
(d)the disposition is made in the exercise of a power of sale or leasing conferred on the proprietor of a registered charge or a receiver appointed by such a proprietor,
(e)the Secretary of State gives consent under paragraph 5 to the registration of the disposition, or
(f)the disposition is made by a specified insolvency practitioner in specified circumstances.
(3)In sub-paragraph (2)(f) “specified circumstances” and “specified insolvency practitioner” have the meanings given by paragraph 3(3).]