(1) In regulation 42 (application of Part 5) -

(a) in paragraph (2) -

(i) at the end of sub-paragraph (b)(i), omit "or";

(ii) after "one or more of the taxes referred to in regulation 45(14);", insert -

"or

(iii) any other non-UK trust which is an express trust, is not a trust listed in Schedule 3A (excluded trusts) and whose trustees (in their capacity as such) -

(aa) acquire an interest in land in the United Kingdom; or

(bb) enter into a business relationship with a relevant person, where at least one of those trustees is resident in the United Kingdom and the trust is not an EEA registered trust;";

(b) after paragraph (3), insert -

"(4) For the purposes of this Part, an "EEA registered trust" is a trust whose beneficial ownership information is required, by Article 31.3a of the fourth money laundering directive, to be held in a central register set up by an EEA state other than the United Kingdom.

(5) For the purposes of this Part, the trustees acquire an interest in land in the United Kingdom where at least one of the trustees becomes registered -