(1)A person (“P”) in whose name any shares, stock or securities of a company are registered must comply with the obligation in subsection (2) if required to do so by notice given by an officer of Revenue and Customs for the purposes of any provision of this Part.
(2)The obligation is—
(a)to state whether or not P is the beneficial owner of those shares, stock or securities, and
(b)if P is not the beneficial owner of any of those shares, stocks or securities, to provide the name and address of the person on whose behalf they are registered.