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Paragraph 7 Interpretation etcF1F2

(1)

For the purpose of this Schedule, an overseas entity that fails to comply with any of the following duties is not to be treated as being a “registered overseas entity” until it remedies the failure.

(2)

The duties are—

(a)

the duty to deliver to the registrar of companies the documents required by section 7 of the Economic Crime (Transparency and Enforcement) Act 2022 (updating duty);

(b)

the duty to provide information to the registrar of companies in accordance with a notice under section 1092A of the Companies Act 2006 (power of registrar to require information).

(3)

For the purposes of this paragraph a failure is remedied when the documents are delivered, or the information is provided, to the registrar of companies.

Annotations

Textual amendments

F1

Sch. 8A inserted (5.9.2022) by Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), s. 69(1), Sch. 5 para. 3; S.I. 2022/876, reg. 4(c)

F2

Sch. 8A para. 7 substituted (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. 177(4), 219(1)(2)(b); S.I. 2024/269, reg. 2(z60)

Notes on the whole Act

Textual amendments

F1

Words in preamble of Act substituted (1.10.2009) by Constitutional Reform Act 2005 (c. 4), ss. 59(5), 148(1), Sch. 11 para. 6; S.I. 2009/1604, art. 2(d)

Notes on Schedule 8A

Modifications

C1

Sch. 8A: power to amend conferred (5.9.2022) by Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), s. 33(4)-(6), 69(1); S.I. 2022/876, reg. 4(a)