Part 1: Registration of Overseas Entities Schedule 2: Registrable beneficial owners Part 3: Meaning of "subject to its own disclosure requirements"
A legal entity is "subject to its own disclosure requirements" for the purposes of Schedule 2 if certain provisions of the Companies Act 2006 apply to it; or it is an eligible Scottish partnership within the meaning of the Scottish Partnerships (Register of People with Significant Control) Regulations 2017; or it is registered in the register of overseas entities under Part 1 of the Act; or it is of a description specified by the Secretary of State in regulations (by the affirmative resolution procedure).