Part 1: Registration of Overseas Entities Schedule 5: Land ownership and transactions: Northern Ireland Registrable dispositions by overseas entity entitled to be registered (but not registered)
Where an overseas entity is entitled to be registered as the owner of a qualifying estate, or became so entitled on or after the day on which paragraph 4 of the new Schedule 8A comes into operation; and makes any of the dispositions set out in paragraph 4(2), the disposition must not be registered unless:
The entity is a registered overseas entity, or exempt, at the time of the disposition, or unless the disposition is made
In pursuance of a statutory obligation, court order, or by the operation of law,
In pursuance of a contract made before the entity became entitled to be registered,
In the exercise of a power of sale or leasing conferred on the owner of a registered charge or a receiver appointed by such an owner, or
The disposition is made by a specified insolvency practitioner in specified circumstances.
	The effect of paragraph 4 is that a third party to whom a qualifying estate is transferred, assigned or charged (as the case may be) by an overseas entity will not be able to register that disposition unless the overseas entity was, at the time of the disposition, "a registered overseas entity", an exempt overseas entity, or one of the exceptions listed in paragraph 4(3) of the new Schedule 8A applies.
	Sub-paragraph (4) sets out that, in sub-paragraph 3(e), "specified circumstances" and "specified insolvency practitioner" have the meaning given by paragraph 3(6).