PART 3Duties to provide information
Information associates must provide
Duty of associate to provide information upon requestI115
1
Paragraph (2) applies if a person (“A”) receives a request for verification of A’s required details from a person under regulation 10(5).
2
A must, as soon as reasonably practicable—
a
confirm that A is an associate and—
i
indicate whether the details are correct (and if not, provide the correct details),
ii
if applicable, state that A intends to make or has made a security declaration, or
b
inform the person who made the request that A is not an associate.
3
Paragraph (4) applies if—
a
either of the following changes occurs—
i
a change to the required details of an associate of a recorded person,
ii
a person ceases to be an associate of a recorded person, and
b
the change has not been reflected in the RCI or the associate has made a security declaration which remains in effect.
4
The associate or, as the case may be, the former associate must, as soon as reasonably practicable, give notice to the recorded person of the change and the date of the change (if known).
5
Paragraph (6) applies if a person (“A”) receives a request for verification of the accuracy of information under regulation 12(3).
6
A must indicate whether the information is correct (and if not, provide the correct information).
7
A person who, without reasonable excuse, fails to comply with paragraph (2), (4) or (6) commits an offence.
8
A person who commits an offence under paragraph (7) is liable on summary conviction to a fine not exceeding level 5 on the standard scale.