12BOption to provide ID verification information about PSCs

1

This section applies if an application for the registration of a company contains a statement of initial significant control that identifies a person who will be a registrable person, or a registrable relevant legal entity, in relation to the company on its incorporation.

2

In relation to any person who will be a registrable person, the statement may include a statement that the person’s identity is verified (see section 1110A).

3

In relation to any person who will be a registrable relevant legal entity, the statement may include a statement that—

a

specifies the name of one of its relevant officers (within the meaning given by section 790LO(6)) who is an individual and whose identity is verified, and

b

confirms that the individual’s identity is verified.

4

If a statement under subsection (3) is included in relation to a person who will be a registrable relevant legal entity, the application for registration of the company must be accompanied by a statement by the individual confirming that the individual is a relevant officer of that entity.

5

To find out what happens if the option in subsection (2) or (3) is not exercised, see sections 790LM and 790LO.

6

In this section—

• “registrable person” has the meaning given by section 790C, except that it does not include a person mentioned in section 790C(12)(a) to (d) (see also section 790J);

• “registrable relevant legal entity” has the meaning given by section 790C (see also section 790J).