Part 1: Registration of Overseas Entities The register and registration Section 5: Registration and allocation of overseas entity ID
This section describes what happens when an application is received by the Registrar, and what the Registrar must do (subsection (1)). On the registration of an overseas entity, the Registrar must record the date of registration and allocate an overseas entity ID to the entity (and record this ID in the register).
	The Registrar may decide what form (consisting of one or more sequences of numbers and letters) an overseas ID will take, that the form of ID may change as necessary, and that any change of overseas entity ID takes effect from the date on which the overseas entity is informed of the change (subsections (2), (3) and (4)).
	The intention is that the overseas entity ID will be a similar concept to the registered number of UK companies; unique to the entity and once allocated to the entity a permanent ID, which will not change in relation to that entity.