SCHEDULES
SCHEDULE 1Applications: required information
PART 1Introduction
I2I121
This Schedule sets out the required information for the purposes of sections 4, 7 and 9.
PART 2Overseas entities
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1
The required information about an overseas entity is—
a
name;
b
country of incorporation or formation;
c
registered or principal office;
d
a service address;
e
an email address;
f
the legal form of the entity and the law by which it is governed;
g
any public register in which it is entered and, if applicable, its registration number in that register.
2
In sub-paragraph (1)(g) “public register” means a register kept by a government or public authority in the country in which the overseas entity was incorporated or formed.
PART 3Registrable beneficial owners
I8I153Individuals
1
Where a registrable beneficial owner is an individual, the required information about the owner is—
a
name, date of birth and nationality;
b
usual residential address;
c
a service address;
d
the date on which the individual became a registrable beneficial owner in relation to the overseas entity;
e
which of the conditions in paragraph 6 of Schedule 2 is met in relation to the registrable beneficial owner and a statement as to why that condition is met;
f
whether the individual meets that condition by virtue of being a trustee;
g
whether the individual is a designated person (within the meaning of section 9(2) of the Sanctions and Anti-Money Laundering Act 2018), where that information is publicly available.
2
For the purposes of sub-paragraph (1)(a), “name” means a person’s first name (or other forename) and surname, except that in the case of—
a
a peer, or
b
an individual usually known by a title,
the title may be stated instead of the person’s first name (or other forename) and surname or in addition to either or both of them.
I6I114Governments and public authorities
Where a registrable beneficial owner is a government or public authority, the required information about the owner is—
a
name;
b
principal office;
c
a service address;
d
its legal form and the law by which it is governed;
e
the date on which the entity became a registrable beneficial owner in relation to the overseas entity;
f
which of the conditions in paragraph 6 of Schedule 2 is met in relation to the registrable beneficial owner and a statement as to why that condition is met;
g
whether the entity is a designated person (within the meaning of section 9(2) of the Sanctions and Anti-Money Laundering Act 2018), where that information is publicly available.
I3I145Other legal entities
1
Where the registrable beneficial owner is a legal entity other than a government or public authority, the required information about the owner is—
a
name;
b
registered or principal office;
c
a service address;
d
the legal form of the entity and the law by which it is governed;
e
any public register in which it is entered and, if applicable, its registration number in that register;
f
the date on which the entity became a registrable beneficial owner in relation to the overseas entity;
g
which of the conditions in paragraph 6 of Schedule 2 is met in relation to the registrable beneficial owner and a statement as to why that condition is met;
h
whether the entity meets that condition by virtue of being a trustee;
i
whether the entity is a designated person (within the meaning of section 9(2) of the Sanctions and Anti-Money Laundering Act 2018), where that information is publicly available.
2
PART 4Managing officers
I9I186Individuals
1
Where a managing officer is an individual, the required information about the officer is—
a
name, date of birth and nationality;
b
any former name (unless sub-paragraph (2) applies);
c
usual residential address;
d
a service address (which may be stated as the entity’s registered or principal office);
e
business occupation (if any);
f
a description of the officer’s roles and responsibilities in relation to the entity.
2
This sub-paragraph applies in the following cases—
a
in the case of a peer or an individual normally known by a British title, where the name is one by which the person was known previous to the adoption of or succession to the title;
b
in the case of any person, where the former name—
i
was changed or disused before the person attained the age of 16 years, or
ii
has been changed or disused for 20 years or more.
3
4
For the purposes of sub-paragraph (1)(b), “former name” means a name by which the individual was formerly known for business purposes.
Where a person is or was formerly known by more than one such name, each of them must be stated.
I7I177Persons other than individuals
1
Where a managing officer is not an individual, the required information about the officer is—
a
name;
b
registered or principal office;
c
a service address;
d
the legal form of the entity and the law by which it is governed;
e
any public register in which it is entered and, if applicable, its registration number in that register;
f
a description of the officer’s roles and responsibilities in relation to the entity;
g
the name and contact details of an individual who may be contacted about the managing officer.
2
3
PART 5Trusts
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1
The required information about a trust is—
a
the name of the trust or, if it does not have a name, a description by which it may be identified;
b
the date on which the trust was created;
c
in relation to each person who has at any time been a registrable beneficial owner in relation to the overseas entity by virtue of being a trustee of the trust—
i
the person’s name,
ii
the date on which the person became a registrable beneficial owner in that capacity, and
iii
if relevant, the date on which the person ceased to be a registrable beneficial owner in that capacity;
d
in relation to each beneficiary under the trust, the information that would be required under paragraph 3(1)(a) to (c) or 5(1)(a) to (e) if the beneficiary were a registrable beneficial owner in relation to the overseas entity;
e
in relation to each settlor or grantor, the information that would be required under paragraph 3(1)(a) to (c) or 5(1)(a) to (e) if the settlor or grantor were a registrable beneficial owner in relation to the overseas entity;
f
in relation to any interested person (see sub-paragraph (3))—
i
the information that would be required under paragraph 3(1)(a) to (c) or 5(1)(a) to (e) if the interested person were a registrable beneficial owner in relation to the overseas entity, and
ii
the date on which the person became an interested person.
2
In sub-paragraph (1)(c), “name”, in relation to an individual, has the meaning given by paragraph 3(2).
3
In sub-paragraph (1)(f), “interested person”, in relation to a trust, means any person who, under the terms of the trust, has rights in respect of—
a
the appointment or removal of trustees, or
b
the exercise by the trustees of their functions.
PART 6Powers to make further provision under this Schedule
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1
2
Regulations under this paragraph are subject to the negative resolution procedure.
I5I1910
1
The Secretary of State may by regulations amend this Schedule so as to add to or remove from any list of information in this Schedule.
2
Regulations under this paragraph are subject to the affirmative resolution procedure.