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Economic Crime and Corporate Transparency Act 2023

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Changes over time for: Section 159

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There are currently no known outstanding effects for the Economic Crime and Corporate Transparency Act 2023, Section 159. Help about Changes to Legislation

159Registration of information about trustsU.K.

This section has no associated Explanatory Notes

(1)Paragraph 8 of Schedule 1 to the Economic Crime (Transparency and Enforcement) Act 2022 (required information) is amended as follows.

(2)In sub-paragraph (1), for paragraphs (d) to (f) substitute—

(d)the specified details of each beneficiary under the trust;

(e)the specified details of each settlor or grantor and, in relation to any settlor or grantor that is a legal entity, the specified details of any person who at the time at which the trust is settled—

(i)is a registrable beneficial owner in relation to that entity (if it is overseas entity), or

(ii)would be a registrable beneficial owner in relation to the entity if that entity were an overseas entity;

(f)the specified details of any interested person under the trust and the date on which they became an interested person.

(3)After sub-paragraph (1) insert—

(1A)In sub-paragraph (1)(d) to (f) “the specified details”—

(a)in relation to a person who is an individual, means—

(i)name, date of birth and nationality;

(ii)usual residential address;

(iii)a service address;

(b)in relation to a person that is a legal entity, means—

(i)name;

(ii)principal office;

(iii)a service address;

(iv)the legal form of the entity and the law by which it is governed;

(v)any public register in which it is entered and, if applicable, its registration number in that register.

(4)In sub-paragraph (2), for “sub-paragraph (1)(c)” substitute “sub-paragraphs (1)(c) and (1A)(a)”.

Commencement Information

I1S. 159 in force at Royal Assent for specified purposes, see s. 219(1)(2)(b)

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