Part 1: Registration of Overseas Entities Schedule 5: Land ownership and transactions: Northern Ireland Registration
Paragraph 2 of the new Schedule 8A prohibits the making of an application to register an overseas entity as the owner of a qualifying estate unless, at the time of the application, the entity is either (a) a "registered overseas entity" (i.e. an entity registered in the overseas entities register which has complied with the update requirements under section 7 of the Act), or (b) is an exempt overseas entity.