Section 10 Processing of application under section 9I1I2
United Kingdom
On receipt of an application by a registered overseas entity under section 9, the registrar must check whether the overseas entity is registered as the proprietor of a relevant interest in land (see subsection (10) of that section).
If the overseas entity is not registered as the proprietor of a relevant interest in land F1and there are no updates pending, the registrar must remove it from the list of registered overseas entities.
If the overseas entity is registered as the proprietor of a relevant interest in land F2or there is an update pending, the registrar must refuse the application.
For the purposes of subsections (2) and (3) an update is pending if—
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
the entity is required to deliver information under Schedule 6 but has not yet done so.
The registrar must send the overseas entity a notice stating—
whether the application for removal has been successful, and
if it has been successful, the date of removal from the list of registered overseas entities.
Where an overseas entity is removed from the list of registered overseas entities, the registrar must record the date of removal in the register.
Annotations
Textual amendments
- F1
Words in s. 10(2) inserted (26.10.2023 for specified purposes, 4.3.2024 in so far as not already in force) by Economic Crime and Corporate Transparency Act 2023 (c. 56), ss. 164(2), 219(1)(2)(b); S.I. 2024/269, reg. 2(z51)
- F2
Words in s. 10(3) inserted (26.10.2023 for specified purposes, 4.3.2024 in so far as not already in force) by Economic Crime and Corporate Transparency Act 2023 (c. 56), ss. 164(3), 219(1)(2)(b); S.I. 2024/269, reg. 2(z51)
- F3
S. 10(3A) inserted (26.10.2023 for specified purposes, 4.3.2024 in so far as not already in force) by Economic Crime and Corporate Transparency Act 2023 (c. 56), ss. 164(4), 219(1)(2)(b); S.I. 2024/269, reg. 2(z51)
Commencement
- I1
S. 10 not in force at Royal Assent, see s. 69
- I2
S. 10 in force at 12.10.2022 by S.I. 2022/1039, reg. 2(a)