Part 1: Registration of Overseas Entities Interpretation Section 44: Interpretation
Subsection (1) provides definitions of key terms, including what is meant by a "beneficial owner" of an overseas entity, "the registrar" etc.
	Subsection (2) states a reference in section 12 (identifying registrable beneficial owners) or section 13 (additional powers to obtain information) to a person who is a registrable beneficial owner of an overseas entity includes, in connection with the obtaining of information required by section 7(1)(b), 9(1)(c), 41(3)(b) or 42(1)(c)(i), a reference to a person who has ceased to be a registrable beneficial owner.
	Subsection (3) states a reference in Part 1 to a trust includes arrangements, under the law of a country or territory outside the United Kingdom, that are of a similar character to a trust, and any related expressions are to be read accordingly. Subsection (4) provides that the Secretary of State may make provision specifying descriptions of arrangements that are, or are not, to be treated as being of a similar character to a trust for the purposes of subsection (3). Regulations made under this section are subject to the negative resolution procedure (subsection (5)).