Part 1: Registration of Overseas Entities Schedule 4: Land ownership and transactions: Scotland Part 1: Amendments Case where Keeper must reject application to register notice of title
Paragraph 3 of the new schedule 1A applies where an overseas entity that has a right to land makes an application under section 21 of the LRSA 2012 by virtue of section 4A(1) of the 1924 Act, for registration of a notice of completing title in respect of a qualifying registrable deed. The Keeper is required to reject such application unless the entity is a registered overseas entity or an exempt overseas entity.
	Paragraph 4 applies where, by virtue of section 4A of the Conveyancing (Scotland) Act 1924, a person makes an application under section 21 for registration of a notice of title completing title in respect of a qualifying registrable deed, or a registrable deed which is a standard security, and the granter of the deed is an overseas entity whose interest was registered on or after 8 December 2014, and was not a registered or exempt overseas entity on the date on which the application was made.
	Sub-paragraph (2) sets out that the Keeper must reject such an application unless one of the conditions set out in paragraph 2(2) is met. These are: (i) the application is made in pursuance of a statutory obligation, court order, or occurs by the operation of law, (ii) the application is made in pursuance of a contract entered into before the later of the dates mentioned in sub-paragraph (3),(iii) the application is made in pursuance of the exercise of a power of sale or lease by the creditor in a standard security that was registered on or after 8 December 2014, or (iv) the application is made in pursuance of the exercise of a right conferred on a body by relevant legislation to buy land or the interest of a tenant under a lease, or (v) the Scottish Ministers give consent under paragraph 7(2) of schedule 1A to the registration of the deed, or (vi) the disposition is made by a specified insolvency practitioner in specified circumstances.
	The relevant dates for sub-paragraph (2) are the date on which the granter’s interest was registered, and the commencement date.
	Sub-paragraph (4) sets out the relevant legislation for the purpose of sub-paragraph 2(d) and sub-paragraph (5) provides that "specified circumstances" and "specified insolvency practitioner" have the meaning given by paragraph 2(5).