Member

The noble Lord, Lord Fox, had a question about nominee shareholders. I do not have the information to hand to be able to answer it, but we will follow up with the noble Lord separately. The noble Lord also asked about the process of appeal, including on what happens if you make an application that is ruled against, how you would follow up and whether the applicant is shut out from making that application again. If an application cannot demonstrate a legitimate interest, the registrar has the authority to reject it. The registrar will provide clear reasons for that rejection, offering applicants clarity and an opportunity to refine any future application. This approach ensures the integrity of the process and upholds the protective safeguards established by the regulations, so there will be a chance for them to refine and make a secondary request if they choose to do so.