SCHEDULE 7 Overseas Entities: Further Information for Transitional Cases
Economic Crime and Corporate Transparency Act 2023 (2023 c 56) | Legislation

SCHEDULE 7 Overseas Entities: Further Information for Transitional Cases

Section 174

1

The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows.

2

In section 16 (verification of registrable beneficial owners and managing officers), in subsection (1), after paragraph (c) insert—

“(d)     complies with the duty under Schedule 6 (duty to deliver further information about transitional period).â€

3

After section 43 insert—

“43A Duty to deliver further information for transitional cases

Schedule 6 (duty to deliver further information for transitional cases) imposes further duties on overseas entities to deliver information.â€

4

After Schedule 5 insert—

“SCHEDULE 6
Duty to Deliver Further Information for Transitional Cases

Application of this Schedule

1

(1)     This Schedule applies in relation to an overseas entity if—

(a)     the entity—

(i)     is registered as an overseas entity when this Schedule comes into force or has been so registered at any earlier time, and

(ii)     was registered as the proprietor of a relevant interest in land in England and Wales or Scotland at any time during the relevant period, or

(b)     the entity has committed an offence under paragraph 5 of Schedule 3 or paragraph

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