# Economic Crime (Transparency and Enforcement) Act 2022, Paragraph 5: Information about changes in trusts of which registrable beneficial owners trustees


(1) The overseas entity must deliver to the registrar—
(a) a statement that the entity has no reasonable cause to believe that there is any person who—
(i) at the end of the relevant period, was a registrable beneficial owner of the entity by virtue of being a trustee of a trust,
(ii) at any time during the relevant period was a registrable beneficial owner by virtue of being a trustee of a different trust, and
(iii) at the end of the relevant period was not a registrable beneficial owner of the entity by virtue of being a trustee of the trust mentioned in sub-paragraph (ii), or
(b) a statement that the entity has reasonable cause to believe that there is at least one such person.
(2) Where a statement is delivered under sub-paragraph (1)(b) the overseas entity must deliver to the registrar—
(a) the required information about each trust by virtue of which a trustee was a registrable beneficial owner of the entity at any time during the relevant period, or so much of that information as the overseas entity has been able to obtain, and
(b) in relation to each such trust, 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.
(3) Statements required by this paragraph to be delivered to the registrar must relate to the time when they are delivered.
(4) Information required by sub-paragraph (2)(a) to be delivered to the registrar must relate to the state of affairs—
(a) at the beginning of the relevant period, if the registrable beneficial owner was a trustee of the trust at that time, and
(b) otherwise, at the time at which the registrable beneficial owner became a trustee of the trust.
(5) For the required information, see Schedule 1.

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Source: https://www.legislation.gov.uk/ukpga/2022/10/schedule/6/paragraph/5 (the official version)
Page: https://openlegislation.uk/economic-crime-transparency-and-enforcement-act-2022/schedule-6/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.