Part 1: Registration of Overseas Entities Schedule 2: Registrable beneficial owners Part 1: Meaning of "registrable beneficial owner"
Part 1 of Schedule 2 defines what is meant by the term "registrable beneficial owner" for the purposes of Part 1 of the Act. A registrable beneficial owner may be an individual, a legal entity, or a government or public authority. Registrable beneficial owners for the purposes of this Act are beneficial owners who, unless exempt, must be registered with Companies House.
	An individual is a registrable beneficial owner in relation to an overseas entity if the individual is a beneficial owner of the overseas entity (see Part 2 of Schedule 2) and is not exempt from being registered (see Part 4).
	A legal entity other than a government or public authority is a registrable beneficial owner in relation to an overseas entity if it is a beneficial owner of the entity (see Part 2); is subject to its own disclosure requirements (see Part 3) and is not exempt from being registered (see Part 4).
	A government or public authority is a registrable beneficial owner in relation to an overseas entity in all cases where it is a beneficial owner of the entity (see Part 2).