- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (12/01/2023)
- Gwreiddiol (a wnaed Fel)
Point in time view as at 12/01/2023.
There are currently no known outstanding effects for the The Register of Overseas Entities (Verification and Provision of Information) Regulations 2022, Section 6.
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
6.—(1) An overseas entity may only undertake a relevant activity after a relevant person has verified the relevant information.
(2) Where a relevant person verifies information under paragraph (1), the verification is valid for the period of three months beginning with the day on which the relevant person verifies the information.
(3) Where a relevant person—
(a)has verified relevant information on behalf of an overseas entity; and
(b)delivers the relevant information to the registrar themselves,
they must deliver the statement referred to in paragraph (5) at the same time.
(4) Where a relevant person—
(a)has verified relevant information on behalf of an overseas entity; and
(b)does not deliver that relevant information to the registrar themselves,
they must deliver the statement referred to in paragraph (5) to the registrar within 14 days of that information being delivered to the registrar.
(5) The statement is a statement to the registrar providing—
(a)confirmation that—
(i)the relevant person has undertaken the verification of the relevant information; and
(ii)that verification has complied with the requirements of these Regulations and the ECTEA;
(b)the date on which the verification was undertaken;
(c)the names of the registrable beneficial owners(1), and as the case may be, the managing officers(2) whose identity has been verified, but where it has not been possible to obtain full names, so much of that information as it has been possible to obtain;
(d)the relevant person’s service address;
(e)the relevant person’s email address;
(f)the name of the relevant person’s supervisory authority;
(g)where available, the relevant person’s registration number, or a copy of the certification details, given to the relevant person by their supervisory authority; and
(h)the name of the individual with overall responsibility for identity checks, where that is different to the name of the relevant person.
(6) For the purposes of this regulation—
(a)“supervisory authority” in relation to any relevant person, means the supervisory authority specified for such a person by regulation 7 of the Money Laundering Regulations;
(b)[F1subject to sub-paragraph (ba),] “verify” means verify on the basis of documents or information in either case obtained from a reliable source which is independent of the person whose identity is being verified, and “verified” and “verification” are to be interpreted accordingly;
[F2(ba)a relevant person may verify the following on the basis of documents or information in either case obtained from a reliable source which is not independent of the person whose identity is being verified—
(i)which of the conditions in paragraph 6 of Schedule 2 to the ECTEA is met in relation to a registrable beneficial owner;
(ii)the required information in paragraphs 3(1)(d) and 5(1)(f) of Schedule 1 to the ECTEA;]
(c)documents issued or made available by an official body are to be regarded as being independent of a person even if they are provided or made available to the relevant person by or on behalf of that person.
Textual Amendments
F1Words in reg. 6(6)(b) inserted (12.1.2023) by The Register of Overseas Entities (Verification and Provision of Information) (Amendment) Regulations 2022 (S.I. 2022/1389), regs. 1(1), 2(3)
F2Reg. 6(6)(ba) inserted (12.1.2023) by The Register of Overseas Entities (Verification and Provision of Information) (Amendment) Regulations 2022 (S.I. 2022/1389), regs. 1(1), 2(4)
Commencement Information
“Registrable beneficial owner” has the meaning given in Schedule 2 to the ECTEA.
“Managing officer” has the meaning give in section 44(1) of the ECTEA.
Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.
Gwreiddiol (Fel y’i Deddfwyd neu y’i Gwnaed): Mae'r wreiddiol fersiwn y ddeddfwriaeth fel ag yr oedd pan gafodd ei deddfu neu eu gwneud. Ni wnaed unrhyw newidiadau i’r testun.
Pwynt Penodol mewn Amser: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.
Rhychwant ddaearyddol: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Dangos Llinell Amser Newidiadau: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Mae Memoranda Esboniadol yn nodi datganiad byr o ddiben Offeryn Statudol ac yn rhoi gwybodaeth am ei amcan polisi a goblygiadau polisi. Maent yn ceisio gwneud yr Offeryn Statudol yn hygyrch i ddarllenwyr nad oes ganddynt gymhwyster cyfreithiol, ac maent yn cyd-fynd ag unrhyw Offeryn Statudol neu Offeryn Statudol Drafft a gyflwynwyd ger bron y Senedd o Fehefin 2004 ymlaen.
Gallwch wneud defnydd o ddogfennau atodol hanfodol a gwybodaeth ar gyfer yr eitem ddeddfwriaeth o’r tab hwn. Yn ddibynnol ar yr eitem ddeddfwriaeth sydd i’w gweld, gallai hyn gynnwys:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Defnyddiwch y ddewislen hon i agor dogfennau hanfodol sy’n cyd-fynd â’r ddeddfwriaeth a gwybodaeth am yr eitem hon o ddeddfwriaeth. Gan ddibynnu ar yr eitem o ddeddfwriaeth sy’n cael ei gweld gall hyn gynnwys:
liciwch ‘Gweld Mwy’ neu ddewis ‘Rhagor o Adnoddau’ am wybodaeth ychwanegol gan gynnwys