PART 7NOTICES

Registration of a new or additional beneficiary of a unilateral notice88

1

A person entitled to the benefit of an interest protected by a unilateral notice may apply to be entered in the register in place of, or in addition to, the registered beneficiary.

2

An application under paragraph (1) must be—

a

in Form UN3, and

b

accompanied by evidence to satisfy the registrar of the applicant's title to the interest protected by the unilateral notice.

3

Subject to paragraph (4), if an application is made in accordance with paragraph (2) and the registrar is satisfied that the interest protected by the unilateral notice is vested—

a

in the applicant, the registrar must enter the applicant in the register in place of the registered beneficiary, or

b

in the applicant and the registered beneficiary, the registrar must enter the applicant in addition to the registered beneficiary.

4

Except where one of the circumstances specified in paragraph (5) applies, the registrar must serve notice of the application on the registered beneficiary before entering the applicant in the register.

5

The registrar is not obliged to serve notice on the registered beneficiary if—

a

the registered beneficiary signs Form UN3 or otherwise consents to the application, or

b

the applicant is the registered beneficiary's personal representative and evidence of his title to act accompanies the application.

6

In this rule, “registered beneficiary” means the person shown in the register as the beneficiary of the notice at the time an application is made under paragraph (1).