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| Schedule 3, page 141, line 40, leave out “negative resolution procedure” and insert |
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| “affirmative resolution procedure” |
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| Schedule 3, page 142, line 9, leave out “jointly with others” and insert “as one of a |
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| number of joint holders of the share or right in question” |
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| Schedule 3, page 142, line 38, at end insert— |
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| | “(9A) | A relevant legal entity is either “registrable” or “non-registrable” in relation to a |
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| | (a) | it is “non-registrable” if subsection (8)(a) applies in respect of it by virtue |
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| | only of it having significant control over some other legal entity that is |
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| | also a relevant legal entity in relation to the company; |
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| | (b) | otherwise, it is “registrable”, |
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| | | and references to a “registrable relevant legal entity” in relation to a company are |
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| | to a relevant legal entity which is registrable in relation to that company.” |
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| Schedule 3, page 143, line 2, after “subsection”, insert “which would otherwise |
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| meet the objectives of this Part” |
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| Schedule 3, page 143, line 16, after “procedure”, insert “except for regulations |
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| made under paragraph (d) of subsection (9) which are subject to the affirmative resolution |
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| Schedule 3, page 143, line 22, after second “a” insert “registrable” |
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| Schedule 3, page 143, line 27, after second “a” insert “registrable” |
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| Schedule 3, page 143, line 37, after “a” insert “registrable” |
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| Schedule 3, page 144, line 1, leave out from “who” to “, or” in line 2 and insert |
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| “falls within subsection (5A)” |
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| Schedule 3, page 144, line 3, at end insert— |
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| | “(5A) | The persons who fall within this subsection are— |
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| | (a) | any registrable person in relation to the company; |
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| | (b) | any relevant legal entity in relation to the company; |
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| | (c) | any entity which would be a relevant legal entity in relation to the |
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| | company but for the fact that section 790C(8)(b) does not apply in respect |
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| Schedule 3, page 144, leave out lines 6 and 7 and insert— |
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| | “(i) | any person who falls within subsection (5A), or” |
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| Schedule 3, page 144, line 13, leave out from “must” to end of line 16 and insert |
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| “state that the addressee is to comply with the notice by no later than the end of the period |
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| of one month beginning with the date of the notice.” |
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| Schedule 3, page 144, line 24, after “or” insert “registrable” |
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| Schedule 3, page 144, line 27, after “or” insert “registrable” |
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| Schedule 3, page 144, line 31, at end insert— |
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| | “( ) | A person to whom a notice under subsection (5) is given is not required by that |
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| | notice to disclose any information in respect of which a claim to legal |
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| | professional privilege (in Scotland, to confidentiality of communications) could |
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| | be maintained in legal proceedings.” |
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| Schedule 3, page 144, line 37, after second “a” insert “registrable” |
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| Schedule 3, page 144, line 42, after “or” insert “registrable” |
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| Schedule 3, page 145, line 6, after first “a” insert “registrable” |
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| Schedule 3, page 145, line 7, after “a” insert “registrable” |
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| Schedule 3, page 145, leave out lines 22 to 24 |
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| Schedule 3, page 145, line 25, leave out “(8) and” and insert “(7) to” |
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| Schedule 3, page 146, line 7, after second “a” insert “registrable” |
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| Schedule 3, page 146, line 16, leave out “28 days” and insert “one month” |
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| Schedule 3, page 146, line 19, after “or” insert “registrable” |
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| Schedule 3, page 146, line 24, leave out “14 days” and insert “one month” |
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| Schedule 3, page 146, line 30, after first “a” insert “registrable” |
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| Schedule 3, page 146, line 37, leave out “28 days” and insert “one month” |
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| Schedule 3, page 147, line 1, leave out “42 days” and insert “2 months” |
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| Schedule 3, page 147, line 3, leave out “14 days” and insert “one month” |
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| Schedule 3, page 147, line 14, at end insert— |
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| | ‘(1A) | The Secretary of State must not grant such an exception to a legal entity except |
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| | in exceptional circumstances.” |
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| Schedule 3, page 147, line 27, after second “a” insert “registrable” |
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| Schedule 3, page 147, line 32, at end insert— |
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| | “(4) | For the purposes of subsection (3) “special reasons” includes reasons related |
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| | to the national security of the United Kingdom or reasons related to the |
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| | personal safety of an individual. |
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| | (5) | Where the Secretary of State grants an exemption under this section the fact of |
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| | the exemption must be included in the information contained in the PSC |
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| | register of the relevant company or the central register. |
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| | (6) | The decision of the Secretary of State to grant an exemption is subject to |
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| Schedule 3, page 148, line 16, after “a” insert “registrable” |
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| Schedule 3, page 148, line 24, after “a” insert “registrable” |
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| Schedule 3, page 149, line 10, after “a” insert “registrable” |
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| Schedule 3, page 149, line 14, after “or” insert “registrable” |
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| Schedule 3, page 149, line 34, after second “a” insert “registrable” |
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| Schedule 3, page 149, line 38, after “a” insert “registrable” |
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| Schedule 3, page 150, line 5, after second “a” insert “registrable” |
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| Schedule 3, page 150, line 13, at end insert— |
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| | “( ) | A company to which this Part applies is not by virtue of anything done for the |
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| | purposes of this section affected with notice of, or put upon inquiry as to, the |
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| | rights of any person in relation to any shares or rights in or with respect to the |
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| Schedule 3, page 151, line 1, leave out sub-paragraph (d) |
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| Schedule 3, page 151, line 33, at end insert— |
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| | “(6) | A direction given by the court under subsection (4) shall be reviewed by the |
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| | court on an annual basis.” |
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| Schedule 3, page 152, line 30, leave out “there were no” and insert “whether there |
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| Schedule 3, page 152, line 43, after “a” insert “registrable” |
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| Schedule 3, page 152, line 46, after “a” insert “registrable” |
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| Schedule 3, page 153, line 5, after first “or” insert “registrable” |
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| Schedule 3, page 153, line 8, after “or” insert “registrable” |
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| Schedule 3, page 153, line 26, after second “a” insert “registrable” |
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| Schedule 3, page 154, line 18, after second “a” insert “registrable” |
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| Schedule 3, page 155, line 15, after “or” insert “registrable” |
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| Schedule 3, page 157, line 8, after “a” insert “registrable” |
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| Schedule 3, page 157, line 12, after second “a” insert “registrable” |
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| Schedule 3, page 157, line 14, after second “a” insert “registrable” |
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| Schedule 3, page 157, line 27, after second “a” insert “registrable” |
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| Schedule 3, page 157, line 36, after second “a” insert “registrable” |
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| Schedule 3, page 159, line 32, at end insert— |
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| | “(c) | provide for the application to be determined by the court; |
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| | (d) | provide for the register to show that, pursuant to an application under |
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| | this section, restrictions on use and disclosure of information are in |
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| Schedule 3, page 164, line 25, at end insert— |
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| | |
| | 22A(1) | An individual does not meet the specified condition in paragraph 2, 3 or 4 in |
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| | relation to a company by virtue only of being a limited partner. |
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| | (2) | An individual does not meet the specified condition in paragraph 2, 3 or 4 in |
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| | relation to a company by virtue only of, directly or indirectly— |
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| | |
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| | (c) | controlling the exercise of a right, |
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| | | in or in relation to a limited partner which (in its capacity as such) would meet |
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| | the condition if it were an individual. |
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| | (3) | Sub-paragraphs (1) and (2) do not apply for the purposes of determining |
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| | whether the requirement set out in paragraph (a) of the specified condition in |
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| | |
| | (4) | In this paragraph “limited partner” means a limited partner in a limited |
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| | partnership registered under the Limited Partnerships Act 1907 (other than one |
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| | who takes part in the management of the partnership business).” |
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| Schedule 3, page 165, line 15, leave out “14 days” and insert “one month” |
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