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The Land Reform (Scotland) Act 2016 (Register of Persons Holding a Controlled Interest in Land) Regulations 2021
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This is a draft item of legislation and has not yet been made as a Scottish Statutory Instrument. This draft has been replaced by a new draft, The Land Reform (Scotland) Act 2016 (Register of Persons Holding a Controlled Interest in Land) Regulations 2021 ISBN 978-0-11-104875-7
Revocation of security declarations
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17.—(1) An associate who has made a security declaration may revoke it at any time.
(2) An associate who has made a security declaration must revoke it as soon as reasonably practicable if—
(a)the declaration made in accordance with regulation 16(1) is no longer valid, or
(b)the associate is unable to obtain, or ceases to have, evidence of a kind referred to in regulation 16(2)(a) to support the grounds for making the declaration.
(3) A security declaration is revoked by giving notice to the Keeper in the specified form.
(4) The revocation has effect on the day on which the notice is received by the Keeper.
(5) A person commits an offence if the person, without reasonable excuse, fails to comply with paragraph (2).
(6) A person who commits an offence under paragraph (5) is liable on summary conviction to a fine not exceeding level 5 on the standard scale.
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