PART 1Registration of overseas entities

The register and registration

I1I2I34Application for registration

1

An application by an overseas entity for registration must be delivered to the registrar and contain—

a

the statement and information listed in row 1, 2 or 3 of the table, and, where applicable, the statement and information mentioned in subsection (3),

b

a statement that the entity has complied with section 12 (duty to take steps to identify registrable beneficial owners etc),

c

anything required by regulations under section 16 (verification of registrable beneficial owners and managing officers) to be delivered to the registrar, and

d

the name and contact details of an individual who may be contacted about the application.

2

This is the table—

Statement

Information

1

A statement:

  1. a

    that the entity has identified one or more registrable beneficial owners and that it has no reasonable cause to believe there are others, and

  2. b

    that the entity is able to provide the required information about each registrable beneficial owner it has identified.

  1. 1

    The required information about the entity.

  2. 2

    The required information about each registrable beneficial owner that the entity has identified.

2

A statement that the entity has no reasonable cause to believe that it has any registrable beneficial owners.

  1. 1

    The required information about the entity.

  2. 2

    The required information about each managing officer of the entity.

3

A statement:

  1. a

    that the entity has reasonable cause to believe that there is at least one registrable beneficial owner that it has not identified,

  2. b

    that the entity is not able to provide the required information about one or more of the registrable beneficial owners it has identified, or

  3. c

    that paragraphs (a) and (b) both apply.

  1. 1

    The required information about the entity.

  2. 2

    The required information about each managing officer of the entity.

  3. 3

    The required information about each registrable beneficial owner that the entity has identified or so much of that information as it has been able to obtain.

3

Where an application includes information that a registrable beneficial owner is a trustee (see paragraphs 3(1)(f) and 5(1)(h) of Schedule 1), the application must also include—

a

the required information about the trust or so much of that information as the overseas entity has been able to obtain, and

b

a statement as to whether the entity has any reasonable cause to believe that there is required information about the trust that it has not been able to obtain.

4

For the required information, see Schedule 1.

5

For the meaning of “registrable beneficial owner”, see Schedule 2.

6

The Secretary of State may by regulations specify additional statements or information that must be included in an application under this section.

7

Regulations under subsection (6) are subject to the negative resolution procedure.