Economic Crime (Transparency and Enforcement) Act 2022
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
10 Processing of application under section 9
(1) On receipt of an application by a registered overseas entity under section 9, the registrar must check whether the overseas entity is registered as the proprietor of a relevant interest in land (see subsection (10) of that section). (2) If the overseas entity is not registered as the proprietor of a relevant interest in land and there are no updates pending, the registrar must remove it from the list of registered overseas entities. (3) If the overseas entity is registered as the proprietor of a relevant interest in land or there is an update pending, the registrar must refuse the application. (3A) For the purposes of subsections (2) and (3) an update is pending if— (a) an update period for the entity has ended and the entity has not yet complied with the duty under section 7 in respect of that period, or (b) the entity is required to deliver information under Schedule 6 but has not yet done so. (4) The registrar must send the overseas entity a notice stating— (a) whether the application for removal has been successful, and (b) if it has been successful, the date of removal from the list of registered overseas entities. (5) Where an overseas entity is removed from the list of registered overseas entities, the registrar must record the date of removal in the register.
10 Processing of application under section 9
(1) On receipt of an application by a registered overseas entity under section 9, the registrar must check whether the overseas entity is registered as the proprietor of a relevant interest in land (see subsection (10) of that section). (2) If the overseas entity is not registered as the proprietor of a relevant interest in land and there are no updates pending, the registrar must remove it from the list of registered overseas entities. (3) If the overseas entity is registered as the proprietor of a relevant interest in land or there is an update pending, the registrar must refuse the application. (3A) For the purposes of subsections (2) and (3) an update is pending if— (a) an update period for the entity has ended and the entity has not yet complied with the duty under section 7 in respect of that period, or (b) the entity is required to deliver information under Schedule 6 but has not yet done so. (4) The registrar must send the overseas entity a notice stating— (a) whether the application for removal has been successful, and (b) if it has been successful, the date of removal from the list of registered overseas entities. (5) Where an overseas entity is removed from the list of registered overseas entities, the registrar must record the date of removal in the register.
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