Part 1: Registration of Overseas Entities Schedule 3: Land ownership and transactions: England and Wales Part 1: Amendments to Land Registration Act 2002 Registrable dispositions by overseas entities entitled to be registered (but not registered)
Paragraph 4 of inserted Schedule 4A applies where an overseas entity, entitled to be registered as a proprietor of a qualifying estate (freehold or leasehold of more than 7 years) and became entitled after paragraph 4 came into force, and makes a registrable disposition as given by section 27(2)(a) LRA 2002 (transfer of freehold), (b)(i) (lease lasting longer than 7 years) and (f) (grant of a charge over the property, e.g. a mortgage).
	When paragraph 4(1) applies, paragraph 4(2) prevents the registering of the disposition unless any of the following apply:
The entity is a registered overseas entity or exempt overseas entity at the time of disposition
The disposition is made in pursuance of a statutory obligation, court order, or by the operation of law;
The disposition is in pursuance of a contract made before the restriction became entitled to be registered;
the disposition occurs in the exercise of a power of sale or leasing conferred on the proprietor of a registered charge over the estate, or a receiver appointed by the chargeholder,
where the Secretary of State gives consent to registration of the disposition (see paragraph 5); or
where the disposition is made by a specified insolvency practitioner in specified circumstances. (It is for the Secretary of State to specify both the insolvency practitioners and the circumstances in regulations.)