Explanatory note

These Regulations make provision in relation to when protected date of birth and residential address information, as well as the required information about trusts, may be disclosed by the registrar of companies for England and Wales to specified persons who have functions of a public nature.

Regulation 4 permits the registrar to disclose the required information about trusts to specified persons.

Regulation 5 permits the registrar to disclose protected information to specified persons and sets out conditions which must be met by those specified persons before protected information can be disclosed to them.

The Schedule sets out a list of specified persons.

These regulations contain provisions made under paragraph 5 of Schedule 4A to the Land Registration Act 2002, which provides that the Secretary of State may consent to the registration of a disposition of land that would otherwise by prohibited by a land restriction.

Regulation 6 specifies who may make an application to the Secretary of State for consent to register a disposition.

Regulation 7 specifies what information must be included in an application to the Secretary of State.

Regulation 8 provides that the Secretary of State must notify the applicant of the outcome of the application.

Regulation 9 provides further matters relating to an application, including the ability for the Secretary of State to direct the applicant to provide further information or evidence to support their application.

An impact assessment has not been published for these Regulations as they have no impact on costs for business, the public or voluntary sector independent of the provisions these Regulations bring into force. Full impact assessments have been published in relation to the Economic Crime (Transparency and Enforcement) Act 2022 and copies of the impact assessment relating to the Register of Overseas Entities can be obtained from https://publications.parliament.uk/pa/bills/cbill/58-02/0262/RegisterofOverseasEntitiesImpactAssessment.pdf. A hard copy can be obtained by writing to the Department for Business and Trade at 1 Victoria Street, London, SW1H 0ET, United Kingdom.