(1) An overseas entity, and every officer of the entity who is in default, commits an offence if -
(a) at any time during the period beginning with 28 February 2022 and ending with the end of the transitional period, the entity has made a relevant disposition of land,
(b) at the end of the transitional period the entity -
(i) is not registered as an overseas entity,
(ii) has not made an application for registration as an overseas entity that is pending, and
(iii) is not an exempt overseas entity, and
(c) the entity has not, after making the relevant disposition of land and before the end of the transitional period, delivered to the registrar -
(i) statements and information of the kind mentioned in paragraphs (a), (b), (c) and (d) of section 4(1), expressed by reference to the state of affairs immediately before the making of the relevant disposition of land, and
(ii) the required information about the relevant disposition of land (within the meaning of section 41(5)).
(2) A person gui
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