SCHEDULES
SCHEDULE 1Applications: required information
PART 5Trusts
8
1
The required information about a trust is—
a
the name of the trust or, if it does not have a name, a description by which it may be identified;
b
the date on which the trust was created;
c
in relation to each person who has at any time been a registrable beneficial owner in relation to the overseas entity by virtue of being a trustee of the trust—
i
the person’s name,
ii
the date on which the person became a registrable beneficial owner in that capacity, and
iii
if relevant, the date on which the person ceased to be a registrable beneficial owner in that capacity;
d
in relation to each beneficiary under the trust, the information that would be required under paragraph 3(1)(a) to (c) or 5(1)(a) to (e) if the beneficiary were a registrable beneficial owner in relation to the overseas entity;
e
in relation to each settlor or grantor, the information that would be required under paragraph 3(1)(a) to (c) or 5(1)(a) to (e) if the settlor or grantor were a registrable beneficial owner in relation to the overseas entity;
f
in relation to any interested person (see sub-paragraph (3))—
i
the information that would be required under paragraph 3(1)(a) to (c) or 5(1)(a) to (e) if the interested person were a registrable beneficial owner in relation to the overseas entity, and
ii
the date on which the person became an interested person.
2
In sub-paragraph (1)(c), “name”, in relation to an individual, has the meaning given by paragraph 3(2).
3
In sub-paragraph (1)(f), “interested person”, in relation to a trust, means any person who, under the terms of the trust, has rights in respect of—
a
the appointment or removal of trustees, or
b
the exercise by the trustees of their functions.