SCHEDULES

SCHEDULE 2U.K.Abolition of certain local registers

PART 3U.K.Register of people with significant control

12U.K.For sections 790G and 790H substitute—

“790GDuty to notify company on becoming PSC

(1)This section applies to a person if—

(a)the person knows that they are a registrable person or a registrable relevant legal entity in relation to a company,

(b)the material in the register that is available for public inspection does not indicate the person’s status as a registrable person or registrable relevant legal entity in relation to the company, and

(c)the person—

(i)has not informed the company of the person’s status as a registrable person or registrable relevant legal entity in relation to the company, or

(ii)has not given the company all of the required particulars of the person (see section 790K).

(2)The person must—

(a)inform the company of the person’s status as a registrable person or registrable relevant legal entity in relation to the company, and

(b)give the company the required particulars (see section 790K).

(3)The person must comply with the duty in subsection (2) before the end of the period of one month beginning with the day on which the conditions in subsection (1) are met.

790HDuty to notify company of changes in PSC information

(1)This section applies to a person if—

(a)the person knows that they are a registrable person or a registrable relevant legal entity in relation to a company,

(b)there has been a change in the required particulars of the person (see section 790K) and the person knows that to be the case, and

(c)the person has not informed the company of the change or has not given the company all of the information that the company would need to include in a notice of the change under section 790LD(1) or 790LE(1).

(2)The person must—

(a)inform the company of the change, and

(b)give the company the information that the company would need to include in a notice of the change under section 790LD(1) or 790LE(1).

(3)The person must comply with the duty in subsection (2) before the end of the period of one month beginning with the day on which the conditions in subsection (1) are met.

790HADuty to notify company of ceasing to be a PSC

(1)This section applies to a person if—

(a)the person knows that they have ceased to be a registrable person or a registrable relevant legal entity in relation to a company,

(b)the material in the register that is available for public inspection does not indicate the person as having ceased to be a registrable person or a registrable relevant legal entity in relation to a company, and

(c)the person has not informed the company of having ceased to be a registrable person or a registrable relevant legal entity in relation to the company or has not informed the company of the date on which the person so ceased.

(2)The person must inform the company—

(a)that the person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company, and

(b)of the date on which the person so ceased.

(3)The person must comply with the duty in subsection (2) before the end of the period of one month beginning with the day on which the conditions in subsection (1) are met.”