14.—(1) Section 790LH of the 2006 Act (duty to notify registrar if company ceases to have persons with significant control) is amended in accordance with this regulation.
(2) In the heading, for “ceases to have” substitute “has no”.
(3) For subsection (1) substitute—
“(1) A company must give a notice to the registrar if it knows or has cause to believe that there is no person who is a registrable person or registrable relevant legal entity in relation to the company.”.
(4) After subsection (3) insert—
“(4) A company is not required to give a notice under this section if—
(a)the application for the registration of the company contained a statement of initial significant control stating that, on incorporation, there was no person who would become a registrable person or a registrable relevant legal entity in relation to the company, and
(b)the company has no cause to believe that at any time since its incorporation any person has become a registrable person or a registrable relevant legal entity in relation to the company.
(5) In this section “statement of initial significant control” means the statement referred to in section 12A (statement of initial significant control).”.