Part 1: Registration of Overseas Entities The register and registration Section 4: Application for registration
This section describes what an overseas entity must provide in an application for registration. An overseas entity is required to confirm that it has taken reasonable steps to identify its beneficial owners pursuant to section 12, and to make a statement (subsection (2)) declaring:
that it has identified one or more beneficial owners and has no reason to believe there are others, and that it is able to provide the required information about those identified; or
that it has no reason to believe that it has any registrable beneficial owners – in which case, the entity must provide required information about its managing officer(s) (for example, directors or company secretary); or
(i) that it has reasonable cause to believe that it has a registrable beneficial owner, but has been unable to identify the beneficial owner and therefore cannot provide the required information; or (ii) that it has identified beneficial owners but cannot provide all of the required information about all or one of them; or (iii) that the circumstances in both (i) and (ii) apply. The overseas entity must in this case provide the required information about each managing officer of the entity and as much of the required information as it has been able to obtain about the beneficial owner(s).
	In all scenarios mentioned above, the overseas entity must also provide the required information about the entity itself.
	Subsection (3) sets out that where an application includes information that a registrable beneficial owner is a trustee, the application must also include the required information about the trust or so much of that information as the overseas entity has been able to obtain, and a statement as to whether the entity has any reasonable cause to believe that there is required information about the trust that it has not been able to obtain.
	Subsections (4) and (5) signpost that the "required information" is set out in Schedule 1 and that the meaning of "registrable beneficial owner" can be found in Schedule 2.
	Subsection (6) enables the Secretary of State to prescribe by regulations additional statements or information that the overseas entity has to provide. For example, the regulations might specify that details about the notice(s) the overseas entity has sent out under section 12 need to be included in an application. Subsection (7) provides that any such regulations will be subject to the negative resolution procedure.