Regulation 4 Annotation to record unsupervised relevant persons

(1)

Paragraph (2) applies where a person purporting to be a relevant person has—

(a)

purported to verify relevant information on behalf of an overseas entity as contemplated by Part 2 of the 2022 Regulations;

(b)

complied with regulation 6(3) or 6(4) of the 2022 Regulations, as applicable;

(c)

been requested by the registrar to provide further information to corroborate that the person is supervised by a supervisory authority, and

(d)

not responded within the time specified by the registrar in the request.

(2)

The registrar may place a note in the register recording those facts.

(3)

In this regulation—

“the 2022 Regulations” means the Register of Overseas Entities (Verification and Provision of Information) Regulations 2022^f1;
“relevant information” has the meaning given in regulation 5 of the 2022 Regulations;
“relevant person” has the meaning given in regulation 3 of the 2022 Regulations;
“supervisory authority” has the meaning given in regulation 6(6)(a) of the 2022 Regulations.

Annotations

f1: S.I. 2022/725; relevant amending instruments are S.I. 2022/1389, 2023/1416.