PART 3Register of overseas entities
The register and registration
I1I2164Applications for removal
1
Section 10 of the Economic Crime (Transparency and Enforcement) Act 2022 (processing of application for removal) is amended as follows.
2
In subsection (2), after “land” insert “and there are no updates pending”
.
3
In subsection (3), after “land” insert “or there is an update pending”
.
4
After subsection (3) insert—
3A
For the purposes of subsections (2) and (3) an update is pending if—
a
an update period for the entity has ended and the entity has not yet complied with the duty under section 7 in respect of that period, or
b
the entity is required to deliver information under Schedule 6 but has not yet done so.