PART 1Registration of overseas entities

Inspection of the register and protection of information

I2I3I123Disclosure of information about trusts

1

This section applies to information delivered to the registrar by virtue of section 4(3), 7(3) or (4) or 9(3) or (4) (required information about trusts).

2

The registrar may not disclose the information unless—

a

the same information is made available by the registrar for public inspection otherwise than by virtue of being delivered to the registrar by virtue of a provision mentioned in subsection (1), or

b

the disclosure is permitted by subsection (3).

3

The registrar may disclose the information to—

a

the Commissioners for Her Majesty’s Revenue and Customs, or

b

any other person who—

i

has functions of a public nature, and

ii

is specified for the purposes of this section by regulations made by the Secretary of State.

4

Regulations under this section are subject to the negative resolution procedure.