Navigating the Register of Overseas Entities & Trusts - Practical Tips & Risk Mitigation

Introduction

This new virtual classroom seminar explores the Register of Overseas Entities (‘ROE’), which came into force in August 2022 as part of the UK’s wider move towards transparency and anti-corruption measures.

Under the regime, any overseas entity that holds or wishes to acquire certain types of UK real estate needs to register with Companies House and provide details of its ‘beneficial owners’ and (in some cases) managing officers.

Since the ROE regime was first introduced, there have been various changes to the rules, which have increased the ROE’s level of accessibility and transparency.

This virtual classroom session is designed for professionals, including trustees, family offices, in-house counsel and those advising on real estate transactions.

Attending this session will equip you with the practical knowledge and tools to navigate the ROE regime, mitigate risks, and respond effectively to new obligations.

What You Will Learn

This live and interactive course will cover the following:

• The purpose and scope of the Register of Overseas Entities: who is affected and why it matters
• Which overseas entities are required to register
• The conditions for qualifying as a registrable beneficial owner and the circumstances in which an entity must provide details of its managing officers
• The impact of the ROE on UK property transactions and structuring decisions
• Common structures, including overseas companies, trusts and nominees
• Recent updates impacting the ROE regime, including the move towards greater transparency and closing loopholes in the legislation
• Practical guidance on applying for registration, information requirements and the verification process
• The ongoing obligation to keep information up to date
• Applying to be removed from the ROE
• The accessibility of information to the public and applications for the protection of information
• How the ROE interacts with other transparency regimes, including the Trusts Registration Service and the PSC regime
• The consequences of non-compliance: enforcement and penalties
• Common questions and pitfalls

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.