PART 21A

Information about people with significant control
CHAPTER 2

Information-gathering

Power to impose further duties

Power to impose further duties involving nominee shareholders
790IA
1
The Secretary of State may by regulations make further provision for the purpose of enabling a company to which this Part applies to find out about anyone who has become or ceased to be a person who is—
a
a registrable person in relation to the company by virtue of shares being held by a nominee, or
b
a registrable relevant legal entity in relation to the company by virtue of shares being held by a nominee.
2
The regulations may, in particular—
a
impose obligations on a company with a view to obtaining—
i
information about whether a person has become or ceased to be a nominee shareholder;
ii
if they have, information about: (A) the shareholding; (B) the nominee; (C) the person for whom the nominee holds or held the shares;
iii
any other information required by the regulations;
b
impose obligations on others (including nominees or former nominees) with a view to providing the company with—
i
information of a kind described in paragraph (a)(i) or (ii);
ii
any other information required by the regulations.
3
The regulations may, in particular, make provision similar or corresponding to any of the preceding provisions of this Chapter.
4
The provision that may be made by regulations under subsection (1) includes provision amending this Chapter.
5
Regulations under this section are subject to affirmative resolution procedure.
Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))
Pt. 21A inserted (26.5.2015 for specified purposes, 6.4.2016 except for the insertion of ss. 790M(9)(c), 790W-790ZE and 30.6.2016 so far as not already in force) by Small Business, Enterprise and Employment Act 2015 (c. 26), s. 164(1), Sch. 3 para. 1; S.I. 2015/1329, reg. 3(a); S.I. 2015/2029, regs. 4(a), 5(a)
S. 790IA and cross-heading inserted (26.10.2023 for specified purposes, 18.11.2025 in so far as not already in force) by Economic Crime and Corporate Transparency Act 2023 (c. 56), s. 219(1)(2)(b), Sch. 2 para. 14; S.I. 2025/1118, reg. 2(1)(i)(4)