Gazette

amending-2019-0005

Published

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Section 2

LG9/S1 —

s2Amended the definition of “connected trust business” by substituting “of which there is one or more than one contributor” for “the contributors”.

Section 2

LG9/S1 —

s2Inserted definitions for “ceased operations”, “natural person”, and “principal”.

Section 3

LG9/S1 —

s3Inserted paragraph (1A) allowing the Authority to inspect documents and records at the registered office.

Section 3

LG9/S1 —

s3Amended paragraph (2) to require documents to be made available for inspection, deleted 'and' from paragraph (d), substituted a semi-colon and 'and' for the full stop in paragraph (e), and inserted paragraph (f) related to financial and transactional records.

Section 4

LG9/S1 —

s4Amended paragraph (2)(a)(iii) by inserting "or members, if any," after "the shareholders".

Section 4

LG9/S1 —

s4Deleted "and" at the end of paragraph (2)(a)(vi).

Section 4

LG9/S1 —

s4Inserted sub-paragraph (aa) requiring proof of identification of directors and shareholders.

Section 4

LG9/S1 —

s4Amended paragraph (2)(b) by substituting “three thousand five hundred” for “seven thousand”.

Section 4

LG9/S1 —

s4Inserted paragraph (2A) requiring a surcharge for late payment of the annual registration fee.

Section 4

LG9/S1 —

s4Amended paragraph (3) by substituting "paragraphs (2)(a) and (aa)" for "paragraph (2)(a)".

Section 4

LG9/S1 —

s4Inserted paragraph (4) requiring notification of changes in information provided to the Authority.

Section 4

LG9/S1 —

s4Inserted regulation 4A requiring a natural person as a director and regulation 4B allowing the Authority to refuse or cancel registration.

Section 7

LG9/S1 —

s7Inserted regulation 8 requiring a fee for surrendering registration.