PART 1Registration of overseas entities
Land ownership and transactions
33Land ownership and transactions
1
Schedule 3 contains amendments about—
a
the ownership of registered land in England and Wales by overseas entities, and
b
land transactions in England and Wales involving overseas entities.
2
Schedule 4—
a
makes similar provision for Scotland, and
b
confers a related power to make further or alternative provision (see Part 3 of the Schedule).
3
Schedule 5 makes similar provision for Northern Ireland.
4
The Secretary of State may by regulations amend Schedule 8A to the Land Registration Act (Northern Ireland) 1970 (inserted by Schedule 5 to this Act) to make provision similar or corresponding to the provision made by paragraphs 3(2)(e), 4(2)(e) and 5 of Schedule 4A to the Land Registration Act 2002 (inserted by Schedule 3 to this Act) (including the provision to make subordinate legislation).
5
The provision which may be made by regulations under subsection (4) by virtue of section 67(3) includes provision amending other provisions of the Land Registration (Northern Ireland) Act 1970.
6
The Secretary of State must consult the Department of Finance in Northern Ireland before making regulations under subsection (4).
7
Regulations under subsection (4) are subject to the affirmative resolution procedure.