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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 22 March 2019 - onwards
  Version 3 of 3    

Regulation 12 Duty of natural person (in certain circumstances) to notify relevant change

Revoked from 22 March 2019

(1) This Regulation applies to a natural person if -

(a) in relation to the natural person (as a beneficial owner of the relevant entity), the particulars referred to in Regulation 4(2)(a) and (b) are stated in a relevant entity’s beneficial ownership register,

(b) a relevant change occurs,

(c) the natural person knows of the change or ought reasonably to do so,

(d) the relevant entity’s beneficial ownership register has not been altered to reflect the change, and

(e) the natural person has not been given a notice by the relevant entity under Regulation 10 by the end of the period of one month beginning with the day on which the change occurred.

(2) For the purposes of this Regulation, a relevant change occurs if -

(a) the natural person referred to in paragraph (1) ceases to be a beneficial owner of the relevant entity referred to in that paragraph, or

(b) any other change occurs as a result of which the particulars (stated in the relevant entity’s beneficial ownership regi