Part 4 Beneficial Owners Exempt from Registration
Economic Crime (Transparency and Enforcement) Act 2022 (2022 c 10) | Legislation

Part 4 Beneficial Owners Exempt from Registration

“Exempt from being registeredâ€

8

For the purposes of [paragraphs 2(1)(b) and 3(1)(c)] a person who is a beneficial owner of an overseas entity is “exempt from being registered†if—

(a)     the person does not hold any interest in the overseas entity other than through one or more legal entities (see paragraph 9),

(b)     the person is a beneficial owner of every legal entity through which the person holds such an interest (see paragraph 9),

[(ba)     the person is not a beneficial owner of the overseas entity by virtue of being a trustee,]

(c)     as respects any shares or right in the overseas entity which

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