Moved by
Lord Callanan
3: Schedule 1, page 41, line 6, leave out “the table in section 4” and insert “sections 4, 7 and 9”
Member’s explanatory statement
This amendment is consequential on changes to clauses 4, 7 and 9.
4: Schedule 1, page 42, line 3, at end insert—
“(f) whether the individual meets that condition by virtue of being a trustee.”
Member’s explanatory statement
This amendment would mean that the required information about a registrable beneficial owner who is an individual includes information about whether the individual is a trustee.
5: Schedule 1, page 42, line 3, at end insert—
“(g) whether the individual is a designated person (within the meaning of section 9(2) of the Sanctions and Anti-Money Laundering Act 2018), where that information is publicly available.”
Member’s explanatory statement
This amendment would mean that the required information about a registrable beneficial owner who is an individual includes information about whether the individual is designated by virtue of the Sanctions and Anti-Money Laundering Act 2018.