OpenLegislation

Paragraph 6 Registrar’s duty to enter restriction in relation to qualifying estateI1I2

England and Wales

(1)

This paragraph applies where the Chief Land Registrar is satisfied that—

(a)

an overseas entity is the registered proprietor of a qualifying estate, and

(b)

the entity became the registered proprietor of that estate in pursuance of an application made before the commencement date.

(2)

The Chief Land Registrar must comply with the duty to enter a restriction under paragraph 3 of Schedule 4A to the Land Registration Act 2002 (inserted by Part 1 of this Schedule) in relation to the estate as soon as reasonably practicable and in any event before the end of the transitional period.

(3)

But the restriction does not take effect until the end of the transitional period.

Annotations

Commencement

I1

Sch. 3 para. 6 not in force at Royal Assent, see s. 69

I2

Sch. 3 para. 6 in force at 5.9.2022 by S.I. 2022/876, reg. 4(c)