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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 March 2021 - onwards
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18C. Other particular steps that may be taken to establish identity of beneficial owners.

(1) This section -

(a) is without prejudice to the generality of section 18A(1), and

(b) does not derogate from the duty, where it arises, under section 18B.

(2) A management company of a common contractual fund may give to any person (whether an individual or not) the notice referred to in subsection (3) if it has reasonable cause to believe that the person has the knowledge referred to in paragraph (a) or (b) of that subsection.

(3) The notice referred to in subsection (2) is a notice, addressed to the person referred to in that subsection, that requires the addressee -

(a) to state whether or not the addressee knows the identity of -

(i) any individual who is a beneficial owner of the common contractual fund, or

(ii) any person (whether an individual or not) likely to have that knowledge,

and

(b) if so, to supply any particulars of any such person that are within the addressee's knowledge, and state whether or not the particulars are being supplied with the knowledge of each of the

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