F1PART 21AInformation about people with significant control

F2CHAPTER 2ADuty to notify registrar of persons with significant control and ID verification

Duty to notify registrar of persons with significant control

790LADuty to notify registrar of confirmed persons with significant control

(1)

A company must give a notice to the registrar if it has had confirmation of—

(a)

a person’s status as a registrable person or a registrable relevant legal entity in relation to the company, and

(b)

the required particulars of the person (see section 790K).

(2)

A notice under subsection (1) must contain a statement of the required particulars.

(3)

A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company had confirmation as mentioned in that subsection.

(4)

A company is not required to give a notice under this section in relation to a person if—

(a)

the application for the registration of the company contained a statement of initial significant control naming the person as someone who would, on the company’s incorporation, become a registrable person or a registrable relevant legal entity in relation to the company, and

(b)

the company has no cause to believe that at any time since its incorporation the person has ceased to be a registrable person or a registrable relevant legal entity in relation to the company.

(5)

Nothing in section 126 (notice of trusts not receivable by registrar) affects the duty to give a notice under this section (or the receipt of that notice by the registrar).

790LBOption to provide ID verification information in notice of change

(1)

A notice under section 790LA(1) that relates to a registrable person may include a statement that the person’s identity is verified (see section 1110A).

(2)

A notice under section 790LA(1) that relates to a registrable relevant legal entity may include a statement that—

(a)

specifies the name of one of its relevant officers (within the meaning given by section 790LO(6)) who is an individual and whose identity is verified, and

(b)

confirms that the individual’s identity is verified.

(3)

If the notice includes a statement under subsection (2), it must be accompanied by a statement by the individual confirming that the individual is a relevant officer of the registrable relevant legal entity.

(4)

To find out what happens if the option in subsection (1) or (2) is not exercised, see sections 790LM and 790LO.

(5)

In subsection (1) “registrable person” does not include a person mentioned in section 790C(12)(a) to (d).

790LCDuty to notify registrar of unconfirmed persons with significant control

(1)

A company must give a notice to the registrar if—

(a)

it knows or has cause to believe that a person has become a registrable person or a registrable relevant legal entity in relation to the company, but

(b)

it has not yet had confirmation as mentioned in section 790LA(1).

(2)

The notice must state that fact.

(3)

A notice under subsection (1) must be given within the period of 14 days beginning with the day on which the company first knows or has cause to believe that the person has become a registrable person or a registrable relevant legal entity in relation to the company.

(4)

Nothing in this section requires a company, on its incorporation, to give a notice in relation to a person included in the statement of initial significant control under section 12A.