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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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18E. Duty of beneficial owner (in certain circumstances) to notify his or her status as such.

(1) This section applies to an individual if -

(a) the individual is a beneficial owner of a common contractual fund,

(b) the individual knows that to be the case or ought reasonably to do so,

(c) in relation to the individual, the particulars referred to in section 18A(1)(a) and (b) are not stated in the common contractual fund's beneficial ownership register,

(d) the individual has not been given a notice by the management company under section 18B, and

(e) the circumstances specified in paragraphs (a) to (d) have continued for a period of at least one month.

(2) An individual to whom this section applies shall notify, in writing, the management company of the common contractual fund referred to in subsection (1) of the individual's status (as a beneficial owner) of the common contractual fund, and that notification shall state -

(a) the date, to the best of the person's knowledge, on which the person acquired that status, and

(b) the particulars referred to in section 18A(1)(a), (b)

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