On Jun. 6, UK GVT issued regulations on annotations in the ROE.
UK GVT issued StIn 2025/651 Register of Overseas Entities (Annotation) Regs 2025.
Statutory instrument made by Secretary of State in exercise of the power conferred by section 20(2) of the Economic Crime (Transparency and Enforcement) Act 2022.
Follows UK GVT Mar. 2025 amended rules on register of overseas entities, #245621.
The regulations provide registrar with new powers to annotate the register maintained under section 3 of Economic Crime (Transparency and Enforcement) Act 2022 (c. 10).
Regulation 2 empowers registrar to annotate register where registrar has reason to believe overseas entity has either dissolved, been wound up/otherwise ceased to exist.
Reg 3 allows registrar to annotate register where person did not fully comply with notice requiring further information given under s1092A(1) of the Companies Act 2006.
Regulation 4 makes provision for registrar to annotate register where person has failed to provide sufficient evidence to registrar that they are supervised by a supervisor.
A full Impact Assessment not prepared for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen.
Effectiveness
SI 2025/651, laid before UK PRL on Jun. 6, enters into force on Jun. 30, 2025.
