Part 1: Registration of Overseas Entities Schedule 2: Registrable beneficial owners Part 6: Power to amend thresholds etc
Paragraph 25 gives the Secretary of State the power to amend Schedule 2 for a permitted purpose. This power is exercisable by regulations made under the affirmative resolution procedure.
	The permitted purposes are to increase or decrease the percentage figures laid out in Schedule 2 and to change or add to the specified conditions. The latter may be used to include circumstances that give individuals a level of control over overseas entity Y broadly similar to the other specified conditions. These amendments may be required in future to react to changing circumstances and on-going monitoring and review. Changes to conditions made be needed to ensure that Schedule 2 adequately covers scenarios involving, for example, more complex corporate structures – particularly as new corporate structures develop or individuals seek new ways to evade the disclosure requirements.