Subsection (1) clarifies that information is within scope of the beneficial ownership purpose if it appears to Secretary of State that it would be useful for: (i) identifying beneficial owners of land in England and Wales, or (ii) understanding the nature of the relationship between beneficial owners and the land in question.
	Subsection (2) sets out that a beneficial owner of land is defined for the purposes of this section by subsections (3) and (4) which set out who will be considered to be a beneficial owner of land where land is owned by a body corporate or partnership, trust, foundation or other similar legal arrangement or the estate of a deceased person in the course of administration. Subsections (3) and (4) refer to the definitions of beneficial owners - set out in regulations 5 and 6 of the Money Laundering Regulations 2017.
	Subsection (5) clarifies: (i) that expressions used in this section that are also used in regulations 5 or 6 of the Money Laundering Regulations have the same meaning as in those regulations; (ii) that references to ownership of land (except references to beneficial ownership) refer to legal ownership of a freehold or leasehold estate in the land; and (iii) the full title of the Money Laundering Regulations 2017.
Part 11 Information about dealings in land Section 220: The beneficial ownership purpose Effect