F1PART 21AInformation about people with significant control
CHAPTER 2Information-gathering
Duty on companies
F2790D Company’s duty to give notices to persons with significant control
(1)
A company to which this Part applies must give a notice to a person under this section if—
(a)
the company knows or has cause to believe that the person is a registrable person or a registrable relevant legal entity in relation to the company, but
(b)
the company has not had confirmation of the person’s status as a registrable person or registrable relevant legal entity or has not had confirmation of all of the required particulars of the person (see section 790K).
(2)
The notice must require the person—
(a)
to inform the company whether the person is a registrable person or a registrable relevant legal entity in relation to the company, and
(b)
if they are, to give the company all of the required particulars of the person (see section 790K).
(3)
The notice must require the person to whom it is given to comply with the notice by no later than the end of the period of one month beginning with the day on which it is given.
(4)
The company must give the notice—
(a)
as soon as reasonably practicable after the company becomes subject to the duty to give a notice under this section, and
(b)
in any event before the end of the period of 14 days beginning with the day on which the company becomes so subject.
(5)
A company is not required to give a notice under this section to a person if—
(a)
the application for the registration of the company contained a statement of initial significant control naming the person as someone who would, on the company’s incorporation, become a registrable person or a registrable relevant legal entity in relation to the company, and
(b)
the company has no cause to believe that at any time since its incorporation the person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company.
(6)
The Secretary of State may by regulations make further provision about the giving of notices under this section, including provision about their form and content and the manner in which they must be given.
(7)
Regulations under subsection (6) are subject to negative resolution procedure.