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Paragraph 11 C1F1

A company that issues a person with a restrictions notice under paragraph 1 must by notice withdraw the restrictions notice if—

(a)

it is satisfied that there is a valid reason sufficient to justify the person's failure to comply with the notice served under section 790D F2, 790DA, 790E or 790EA,

(b)

the notice served under section 790D F3, 790DA, 790E or 790EA is complied with, or

(c)

it discovers that the rights of a third party in respect of the relevant interest are being unfairly affected by the restrictions notice.

Annotations

Textual amendments

F1

Schs. 1A, 1B inserted (26.5.2015 for specified purposes, 6.4.2016 in so far as not already in force) by Small Business, Enterprise and Employment Act 2015 (c. 26), s. 164(1), Sch. 3 para. 2; S.I. 2015/1329, reg. 3(a); S.I. 2015/2029, reg. 4(a)

F2

Words in Sch. 1B para. 11(a) substituted (26.10.2023 for specified purposes, 18.11.2025 in so far as not already in force) by Economic Crime and Corporate Transparency Act 2023 (c. 56), s. 219(1)(2)(b), Sch. 2 para. 20(2)(c); S.I. 2025/1118, reg. 2(1)(i)(4)

F3

Words in Sch. 1B para. 11(b) substituted (26.10.2023 for specified purposes, 18.11.2025 in so far as not already in force) by Economic Crime and Corporate Transparency Act 2023 (c. 56), s. 219(1)(2)(b), Sch. 2 para. 20(2)(c); S.I. 2025/1118, reg. 2(1)(i)(4)

Modifications

C1

Sch. 1B applied (with modifications) by S.I. 2009/1804, reg. 31N (as inserted (6.4.2016) by The Limited Liability Partnerships (Register of People with Significant Control) Regulations 2016 (S.I. 2016/340), regs. 1(3), 3, Sch. 1 and as amended (18.11.2025) by S.I. 2025/1033, regs. 1(3)(c), 8(8) (with regs. 12-16); S.I. 2025/1118, reg. 2(1)(i))

Notes on Schedule 1B

Modifications

C2

Sch. 1B applied (with modifications) by S.I. 2009/2436, Sch. 1 para. 20B (as inserted (26.6.2017) by The Information about People with Significant Control (Amendment) Regulations 2017 (S.I. 2017/693), regs. 2, 36 (with Sch. Pt. 3))