(1) A management company of a common contractual fund shall take all reasonable steps to obtain and hold adequate, accurate and current information in respect of the common contractual fund's beneficial owners, that is to say -

(a) the name, date of birth, nationality, and residential address of each beneficial owner of it,

(b) a statement of the nature and extent of the interest held, or the nature and extent of control exercised, by each such beneficial owner, and

(c) the PPS number of each such beneficial owner to whom such a number has been issued,

and any PPS number so obtained shall not be disclosed by the management company for any purpose of this section or of any of sections 18B to 18H.

(2) The management company shall enter the information referred to in subsection (1)(a) and (b) in the common contractual fund's beneficial ownership register, and the following information shall also be entered by it in that register:

(a) the date on which the name of each individual was entered into the register as a beneficial owner of the common contractual fund;

(b) the date on which each individual who has ceased to be a beneficial owner of the common contractual fund ceased to be such an owner.

(3) If, either -