PART 3Duties to provide information
Information to be provided by persons who own or tenant land subject to the control of another
Duty to notify of controlled interest and associatesI110
1
This regulation applies to a person who is a recorded person F1(including a person who is a recorded person by virtue of regulation 23A).
2
This regulation does not apply to any person of a type listed in schedule 2 (list of persons subject to other transparency regimes).
3
A person to whom this regulation applies must provide the Keeper with—
a
the person’s name, address and, if applicable, registered number,
b
in relation to the land—
i
if the land is registered in the Land Register, the title number of the land,
ii
if the land is not registered in the Land Register, a description of the land which is sufficient for it to be identified,
c
details of the capacity in which the person owns or tenants the land (for example as an individual, partner or trustee), and
F2ca
if the person is a recorded person by virtue of regulation 23A, a statement of the person’s basis for registration under this regulation,
d
in relation to each associate—
i
the required details, and
ii
if a security declaration has effect in respect of an associate, a copy of that declaration.
4
For the purposes of paragraph 3(d), where an associate has more than one association with a person to whom this regulation applies in relation to the land, a person to whom this regulation applies is only required to provide the Keeper with the information mentioned in paragraph 3(d) once.
5
Before providing any information under paragraph (3), the person must—
a
take reasonable steps to verify the accuracy of the associate’s required details with the associate, and
b
inform the associate about—
i
the timescales for responding (see regulation 15(2)),
ii
the offences in this regulation for failure to comply,
iii
the right to make a security declaration, and
iv
the duty of an associate to notify the person about changes to the associate’s required details.
6
Information provided under paragraph (3) must be in a notice in the specified form.
7
The notice must be given within the period of 60 days beginning with the day on which the associate becomes an associate of the person.
8
A person who, without reasonable excuse, fails to comply with this regulation commits an offence.
9
Without limiting paragraph (8), a person has a reasonable excuse in respect of a particular associate if—
a
the person, having taken reasonable steps to do so, is unable—
i
to establish that there any associates for the person, or
ii
to obtain, or verify the accuracy of, the required details of the associate, and
b
the person has given notice to that effect to the Keeper in the specified form.
10
A person who commits an offence under paragraph (8) is liable on summary conviction to a fine not exceeding level 5 on the standard scale.