Search Legislation

Economic Crime (Transparency and Enforcement) Act 2022

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Status:

This is the original version (as it was originally enacted).

27Resolving inconsistencies in the register

This section has no associated Explanatory Notes

(1)Where it appears to the registrar that the information contained in a document delivered to the registrar is inconsistent with other information on the register, the registrar may give notice to the overseas entity to which the document relates—

(a)stating in what respects the information contained in it appears to be inconsistent with other information on the register, and

(b)requiring the overseas entity to take steps to resolve the inconsistency.

(2)The notice must—

(a)state the date on which it is issued, and

(b)require the delivery to the registrar, within 14 days after that date, of such replacement or additional documents as may be required to resolve the inconsistency.

(3)If the necessary documents are not delivered within the period specified, an offence is committed by—

(a)the overseas entity, and

(b)every officer of the overseas entity who is in default.

(4)A person guilty of an offence under subsection (3) is liable on summary conviction—

(a)in England and Wales, to a fine and, for continued contravention, a daily default fine not exceeding the greater of £2,500 and one half of level 4 on the standard scale;

(b)in Scotland or Northern Ireland, to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one half of level 5 on the standard scale.

Back to top

Options/Help