SCHEDULES

SCHEDULE 2Registrable beneficial owners

PART 1Meaning of “registrable beneficial owner”

I1I3I23Registrable beneficial owners: legal entities

F31

A legal entity other than a government or public authority is a “registrable beneficial owner” in relation to an overseas entity if it—

a

is a beneficial owner of the overseas entity F4by virtue of paragraph 6,

b

is subject to its own disclosure requirements (see Part 3) F2or is a beneficial owner of the overseas entity by virtue of being a trustee, and

c

is not exempt from being registered (see Part 4).

F12

A legal entity other than a government or public authority is also a “registrable beneficial owner” in relation to an overseas entity if it is treated as a beneficial owner of the overseas entity by virtue of paragraph 6A.