[F1[F2790ZDWithdrawing the electionU.K.
(1)A company may withdraw an election made by or in respect of it under section 790X.
(2)Withdrawal is achieved by giving notice of withdrawal to the registrar.
(3)The withdrawal takes effect when the notice is registered by the registrar.
(4)The effect of withdrawal is that the company's obligation under Chapter 3 to maintain a PSC register applies from then on with respect to the period going forward.
(5)This means that, when the withdrawal takes effect—
(a)the company must enter in its PSC register all the information that is required to be contained in that register in respect of matters that are current as at that time,
(b)the company must also retain in its register all the information that it was required under section 790Z(3)(a) to keep in a historic register while the election was in force, but
(c)the company is not required to enter in its register information relating to the period when the election was in force that is no longer current.
(6)The company must place a note in its PSC register—
(a)stating that the election under section 790X has been withdrawn,
(b)recording when that withdrawal took effect, and
(c)indicating that information about people with significant control over the company relating to the period when the election was in force that is no longer current is available for public inspection on the central register.
(7)Subsections (12) and (13) of section 790M apply if a company makes default in complying with subsection (6) as they apply if a company makes default in complying with that section.]]
Textual Amendments
F1Pt. 21A Ch. 4 omitted (26.10.2023 for specified purposes, 4.3.2024 for specified purposes) by virtue of Economic Crime and Corporate Transparency Act 2023 (c. 56), s. 219(1)(2)(b), Sch. 2 para. 19; S.I. 2024/269, reg. 2(z10)
F2Pt. 21A inserted (26.5.2015 for specified purposes, 6.4.2016 except for the insertion of ss. 790M(9)(c), 790W-790ZE and 30.6.2016 so far as not already in force) by Small Business, Enterprise and Employment Act 2015 (c. 26), s. 164(1), Sch. 3 para. 1; S.I. 2015/1329, reg. 3(a); S.I. 2015/2029, regs. 4(a), 5(a)
Modifications etc. (not altering text)
C1Ss. 790W-790ZD applied (with modifications) by S.I. 2009/1804, reg. 31K (as inserted (30.6.2016) by The Limited Liability Partnerships (Register of People with Significant Control) Regulations 2016 (S.I. 2016/340), regs. 1(2)(b), 3, Sch. 1)