8(1)The required information about a trust is—U.K.
(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)[F1in 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;]
[F1the specified details of each beneficiary under the trust;]
(e)[F1in 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;]
[F1the specified details of each settlor or grantor and, in relation to any settlor or grantor that is a legal entity, the specified details of any person who at the time at which the trust is settled—
(i)is a registrable beneficial owner in relation to that entity (if it is overseas entity), or
(ii)would be a registrable beneficial owner in relation to the entity if that entity were an overseas entity;]
(f)[F1in 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.]
[F1the specified details of any interested person under the trust and the date on which they became an interested person.]
[F2(1A)In sub-paragraph (1)(d) to (f) “the specified details”—
(a)in relation to a person who is an individual, means—
(i)name, date of birth and nationality;
(ii)usual residential address;
(iii)a service address;
(b)in relation to a person that is a legal entity, means—
(i)name;
(ii)principal office;
(iii)a service address;
(iv)the legal form of the entity and the law by which it is governed;
(v)any public register in which it is entered and, if applicable, its registration number in that register.]
(2)In [F3sub-paragraph (1)(c)] [F3sub-paragraphs (1)(c) and (1A)(a)], “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.
Textual Amendments
F1Sch. 1 para. 8(1)(d)-(f) substituted (26.10.2023 for specified purposes) by Economic Crime and Corporate Transparency Act 2023 (c. 56), ss. 159(2), 219(1)(2)(b)
F2Sch. 1 para. 8(1A) inserted (26.10.2023 for specified purposes) by Economic Crime and Corporate Transparency Act 2023 (c. 56), ss. 159(3), 219(1)(2)(b)
F3Words in Sch. 1 para. 8(2) substituted (26.10.2023 for specified purposes) by Economic Crime and Corporate Transparency Act 2023 (c. 56), ss. 159(4), 219(1)(2)(b)
Commencement Information
I1Sch. 1 para. 8 not in force at Royal Assent, see s. 69
I2Sch. 1 para. 8 in force at 1.8.2022 (except in so far as relating to ss. 7–11 of the Act) by S.I. 2022/876, reg. 3(b)
I3Sch. 1 para. 8 in force in so far as not already in force at 12.10.2022 by S.I. 2022/1039, reg. 2(b)