Economic Crime (Transparency and Enforcement) Act 2022 · PART 1 Registration of overseas entities

34 Power to require overseas entity to register if it owns certain land

s. 34 · in force: yes

Captured statutory text (L5)

34 Power to require overseas entity to register if it owns certain land

(1)The Secretary of State may by notice require an overseas entity to apply for registration in the register of overseas entities within the period of 6 months beginning with the date of the notice if at the time the notice is given—

(a)the entity is registered as the proprietor of a relevant interest in land within the meaning given by section 9(10), and

(b)the entity is not registered as an overseas entity, has not made an application for registration that is pending and is not an exempt overseas entity.

(2)A notice under subsection (1) lapses if, before the end of the period mentioned there, the overseas entity—

(a)ceases to be registered as the proprietor of a relevant interest in land within the meaning given by section 9(10), or

(b)becomes an exempt overseas entity.

(3)If an overseas entity fails to comply with a notice under subsection (1), an offence is committed by—

(a)the entity, and

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

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

(a)on summary conviction in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);

(b)on summary conviction in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);

(c)on summary conviction in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both);

(d)on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both).

(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(6)In this section “exempt overseas entity” means an overseas entity of such description as may be specified in regulations made by the Secretary of State for the purposes of this section.

(7)Regulations under subsection (6) are subject to the affirmative resolution procedure.

Full captured verbatim text

(1) The Secretary of State may by notice require an overseas entity to apply for registration in the register of overseas entities within the period of 6 months beginning with the date of the notice if at the time the notice is given—

(a) the entity is registered as the proprietor of a relevant interest in land within the meaning given by section 9(10), and

(b) the entity is not registered as an overseas entity, has not made an application for registration that is pending and is not an exempt overseas entity.

(2) A notice under subsection (1) lapses if, before the end of the period mentioned there, the overseas entity—

(a) ceases to be registered as the proprietor of a relevant interest in land within the meaning given by section 9(10), or

(b) becomes an exempt overseas entity.

(3) If an overseas entity fails to comply with a notice under subsection (1), an offence is committed by—

(a) the entity, and

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

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

(a) on summary conviction in England and Wales, to imprisonment for a term not exceeding the general limit in a magistrates’ court or a fine (or both);

(b) on summary conviction in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding the statutory maximum (or both);

(c) on summary conviction in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding the statutory maximum (or both);

(d) on conviction on indictment, to imprisonment for a term not exceeding two years or a fine (or both).

(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(6) In this section “exempt overseas entity” means an overseas entity of such description as may be specified in regulations made by the Secretary of State for the purposes of this section.

(7) Regulations under subsection (6) are subject to the affirmative resolution procedure.

What this provision means

Model summary, checked against the text on the left.

L3 unavailable.

No verified summary for this provision yet; read the text itself.

Refers to

cross-reference internal_cite · s. 34

cross-reference internal_cite · s. 9

Referred to by

cross-reference internal_cite · Sch. 3 para. 3

cross-reference internal_cite · Sch. 3 para. 5

cross-reference internal_cite · Sch. 4 para. 10

cross-reference internal_cite · Sch. 4 para. 12

cross-reference internal_cite · Sch. 4 para. 9

cross-reference internal_cite · Sch. 5 para. 3

cross-reference internal_cite · s. 1

cross-reference internal_cite · s. 34

cross-reference internal_cite · s. 42

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

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-2

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-3

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-4

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-5

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-6

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-7

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-8

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-9

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

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-11

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-12

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-13

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-14

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-15

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-15A

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-15B

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-16

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-17

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-17A

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-18

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-19

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-20

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-21

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-22

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-23

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-24

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-25

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-26

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-27

synthesis coverage: missing/unverified L2 part-1

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-28

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-28A

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-29

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-29A

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-30

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-31

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-32

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-32A

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-33

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-34

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-35

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-36

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-37

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-38

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-39

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-40

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-41

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-42

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-43

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-43A

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-44

synthesis coverage: missing/unverified L2 part-2

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-45

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-46

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-47

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-48

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-49

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-50

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-51

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-52

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-53

synthesis coverage: missing/unverified L2 part-3-chapter-1

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-54

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-55

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-56

synthesis coverage: missing/unverified L2 part-3-chapter-2

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-57

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-58

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-59

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-60

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-61

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-62

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-63

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-64

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-65

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-66

synthesis coverage: missing/unverified L2 part-4

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-67

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-68

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-69

synthesis coverage: missing evaluation uk:ukpga/2022/10#section-70

synthesis coverage: missing/unverified L2 schedule-1-part-1

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

synthesis coverage: missing/unverified L2 schedule-1-part-2

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-1-paragraph-2

synthesis coverage: missing/unverified L2 schedule-1-part-3

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-1-paragraph-3

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-1-paragraph-4

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-1-paragraph-5

synthesis coverage: missing/unverified L2 schedule-1-part-4

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-1-paragraph-6

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-1-paragraph-7

synthesis coverage: missing/unverified L2 schedule-1-part-5

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-1-paragraph-8

synthesis coverage: missing/unverified L2 schedule-1-part-6

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-1-paragraph-9

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

synthesis coverage: missing/unverified L2 schedule-2-part-1

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-1

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-2

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-3

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-4

synthesis coverage: missing/unverified L2 schedule-2-part-2

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-5

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-6

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-6A

synthesis coverage: missing/unverified L2 schedule-2-part-3

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-7

synthesis coverage: missing/unverified L2 schedule-2-part-4

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-8

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-9

synthesis coverage: missing/unverified L2 schedule-2-part-5

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-10

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-11

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-12

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-13

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-14

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-15

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-16

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-17

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-18

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-19

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-20

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-21

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-22

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-23

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-24

synthesis coverage: missing/unverified L2 schedule-2-part-6

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-24A

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-2-paragraph-25

synthesis coverage: missing/unverified L2 schedule-3-part-1

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-3-paragraph-1

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-3-paragraph-2

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-3-paragraph-3

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-3-paragraph-4

synthesis coverage: missing/unverified L2 schedule-3-part-2

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-3-paragraph-5

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-3-paragraph-6

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-3-paragraph-7

synthesis coverage: missing/unverified L2 schedule-4-part-1

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-4-paragraph-1

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-4-paragraph-2

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-4-paragraph-3

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-4-paragraph-4

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-4-paragraph-5

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-4-paragraph-6

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-4-paragraph-7

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-4-paragraph-8

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-4-paragraph-9

synthesis coverage: missing/unverified L2 schedule-4-part-2

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-4-paragraph-10

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-4-paragraph-11

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-4-paragraph-12

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-4-paragraph-13

synthesis coverage: missing/unverified L2 schedule-4-part-3

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-4-paragraph-14

synthesis coverage: missing/unverified L2 schedule-5

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-5-paragraph-1

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-5-paragraph-2

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-5-paragraph-3

synthesis coverage: missing/unverified L2 schedule-6

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-6-paragraph-1

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-6-paragraph-2

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-6-paragraph-3

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-6-paragraph-4

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-6-paragraph-5

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-6-paragraph-6

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-6-paragraph-7

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-6-paragraph-8

synthesis coverage: missing evaluation uk:ukpga/2022/10#schedule-6-paragraph-9

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 1 Registration of overseas entities
Version: 182e65dd10498ae86ea06030…
Content hash: sha256 85449e353179182f6fe96703…
Source: legislation.gov.uk/ukpga/2022/10