(1) The Secretary of State may make provision by regulations authorising a company or other body to deliver optional information of a prescribed description to the registrar.
(2) In this section “optional information”, in relation to a company or other body, means information about the company or body which, but for the regulations, the company or body would not be obliged or authorised under any enactment to deliver to the registrar.
(3) The regulations may, in particular, include provision -
(a) imposing requirements on a company or other body in relation to keeping any of its optional information recorded on the register up to date;
(b) about the consequences of a company or other body failing to do so.
(4) Regulations under this section are subject to affirmative resolution procedure.