Regulation 9 Insertion of section 790VAI1

After section 790V insert—

“Notification of changes to the registrar

790VA

(1)

Subsection (2) applies where a company—

(a)

enters required particulars in its PSC register,

(b)

alters required particulars in its PSC register, or

(c)

notes in its PSC register an additional matter that is required to be noted by regulations under section 790M(7).

(2)

The company must give notice to the registrar^f1 of the change made to its PSC register, and the date on which the change was made, before the end of the period of 14 days beginning with the day after it makes the change.

(3)

If default is made in complying with this section, an offence is committed by—

(a)

the company, and

(b)

every officer of the company who is in default.

(4)

For the purpose of subsection (3) a shadow director^f2 is treated as an officer of the company.

(5)

A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.”