Part 1: Registration of Overseas Entities Transitional provision Section 41: Applications in the transitional period: information about land transactions
Subsection (3) states a person who receives such information may only (a) use or (b) disclose the information for the purposes of taking action in connection with an offence under Part 1.275 Subsection (4) makes it an offence to disclose information in contravention to subsection (3)(b) about a person whose identity is specified or can be deduced from the disclosure. Subsection (5) provides a defence if the person reasonably believed disclosure was lawful or the information had already been lawfully made available to the public.
	This section requires all those who register as overseas entities, and have made a relevant disposition in land, in England, Wales and Scotland between 28th February 2022 (the date the Bill was published) and the date of their application to register, to submit with their application the required information about each relevant disposition made in that period.
	This section applies where an overseas entity makes an application under section 4 for registration during the transitional period. An overseas entity either must:
Include a statement in its application that it has not made any relevant dispositions of land beginning with 28 February 2022 and ending with the making of the application (subsection 2), or;
Include in its application: (a) the required information about each relevant disposition (as per subsection (5)), (b) the statements and information in section 4(1)(a),(b) and (c) expressed as the state of affairs immediately before the making of each disposition and (c) a statement that all of the information required by (a) and (b) has been included in the application (subsection (3)).
	Subsection (4) defines a "relevant disposition in land" in relation to an overseas entity for this section.
	Subsection (5) defines the required information:
Where the relevant disposition of land is within subsection(4)(a), this is (i) the date of disposition and (ii) the registered title number of the qualifying estate.
Where the relevant disposition of land is within subsection (4)(b) this is (i) the date of delivery of the deed and (ii) the title number of the title sheet in which the entity’s interest is entered.
	Subsection (6) defines "qualifying estate", subsection (7) defines "registered proprietor", subsection (8) defines "qualifying registrable deed" and subsection (9) states for the purposes of subsection (4)(b) a qualifying registrable deed is to be treated, as at the date of delivery, as having been granted even if at that time it has been executed by the overseas entity only.
	Subsection (10) defines "the transitional period" as the period of 6 months beginning with the day on which section 3(1) comes fully into force.