Part 1: Registration of Overseas Entities Schedule 3: Land ownership and transactions: England and Wales Part 1: Amendments to Land Registration Act 2002 Interpretation etc
Paragraph 7 of the new Schedule 4A defines key terms used in Schedule 4A, including the meaning of "exempt overseas entity", "overseas entity", "qualifying estate", "register of overseas entities" and "registered overseas entity",
	For the purposes of Schedule 4A, paragraph 8 provides that an overseas entity that is registered in the overseas entities register but fails to comply with the updating duty in section 7 of the Act is not to be treated as a registered overseas entity until it remedies the failure (paragraph 8(1)). An overseas entity "remedies" the failure when it delivers the required statements and information under section 7(1)(a), (b) and (c) of the Act (paragraph 8(2)).