The Register of Overseas Entities (Delivery, Protection and Trust Services) Regulations 2022

Unsuccessful determination made under regulation 7

This section has no associated Explanatory Memorandum

11.—(1) This regulation applies where the registrar has made a determination in respect of an application made under regulation 7 that is not in favour of the applicant (an unsuccessful application).

(2) The registrar must make available for public inspection protected information to which the application under regulation 7 relates—

(a)where notice of an application for permission to appeal has not been served on the registrar in accordance with regulation 10(5), as soon as reasonably practicable after the end of the period of 42 days beginning with the date of the notice given under regulation 7(7); or

(b)where notice of an application for permission to appeal has been served on the registrar in accordance with regulation 10(5), as soon as reasonably practicable after—

(i)the court has dismissed the application for permission to appeal or has dismissed the appeal and there is no further appeal pending; or

(ii)the registrar becomes aware that the application for permission to appeal or the appeal has been subsequently withdrawn or abandoned.

(3) Where the registrar makes protected information available for public inspection under this regulation, the registrar must notify the relevant individual to whom the protected information relates and the overseas entity in respect of which the relevant individual is or used to be a registrable beneficial owner or a managing officer of that action as soon as reasonably practicable.