Economic Crime (Transparency and Enforcement) Act 2022 · PART 2 Transition: qualifying estates registered pre-commencement

6 Registrar’s duty to enter restriction in relation to qualifying estate

Sch. 3 para. 6 · in force: yes

Captured statutory text (L5)

6 Registrar’s duty to enter restriction in relation to qualifying estate

(1)This paragraph applies where the Chief Land Registrar is satisfied that—

(a)an overseas entity is the registered proprietor of a qualifying estate, and

(b)the entity became the registered proprietor of that estate in pursuance of an application made before the commencement date.

(2)The Chief Land Registrar must comply with the duty to enter a restriction under paragraph 3 of Schedule 4A to the Land Registration Act 2002 (inserted by Part 1 of this Schedule) in relation to the estate as soon as reasonably practicable and in any event before the end of the transitional period.

(3)But the restriction does not take effect until the end of the transitional period.

Full captured verbatim text

(1) This paragraph applies where the Chief Land Registrar is satisfied that—

(a) an overseas entity is the registered proprietor of a qualifying estate, and

(b) the entity became the registered proprietor of that estate in pursuance of an application made before the commencement date.

(2) The Chief Land Registrar must comply with the duty to enter a restriction under paragraph 3 of Schedule 4A to the Land Registration Act 2002 (inserted by Part 1 of this Schedule) in relation to the estate as soon as reasonably practicable and in any event before the end of the transitional period.

(3) But the restriction does not take effect until the end of the transitional period.

What this provision means

Model summary, checked against the text on the left.

Relevance to Signicat: 1/3 · detailed summary (L4) Status: not needed for a short provision · Stored artifact; current recipe verification unavailable

Chief Land Registrar must enter a restriction on pre-commencement qualifying estates of overseas entities taking effect after the transitional period.

Only the one-line summary above is stored for this provision; the text itself is the evidence.

Refers to

No captured references.

Referred to by

schedule ref schedule_ref · Sch. 6 para. 1

schedule ref schedule_ref · s. 33

schedule ref schedule_ref · s. 41

schedule ref schedule_ref · s. 68

Part summaries

0 of 0 parts have a verified summary.

L1 unavailable for current verification: the overall summary needs every part verified. Provisions and the verified summaries remain readable.

Verification findings (173)

synthesis coverage: missing/unverified L2 part-1

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-1

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Instrument tier unavailable

Change history as published

S. 29 omitted (26.10.2023 for specified purposes, 4.3.2024 in so far as not already in force) by virtue of Economic Crime and Corporate Transparency Act 2023 (c. 56), ss. 170(1)(b), 219(1)(2)(b); S.I. 2024/269, reg. 2(z54)

S. 29A omitted (26.10.2023 for specified purposes, 4.3.2024 in so far as not already in force) by virtue of Economic Crime and Corporate Transparency Act 2023 (c. 56), ss. 170(1)(b), 219(1)(2)(b); S.I. 2024/269, reg. 2(z54)

Pending effects amendments not yet applied to this text

No captured pending effects.

Provenance

Every claim the system makes about this text is traceable to these identifiers.

Instrument: uk:ukpga/2022/10
Part: PART 2 Transition: qualifying estates registered pre-commencement
Version: 182e65dd10498ae86ea06030…
Content hash: sha256 a7a1539b26e53b3897ecef64…
Source: legislation.gov.uk/ukpga/2022/10