Reminder: complying with a restriction
9 Oct 2019 01:01 PM
Updates to practice guide 19 will take effect from April 2020.
We would like to remind customers that from 1 April 2020, a consent must state:
“it is given to registration of the disposition, rather than simply consenting to the disposition itself”.
This guidance was first published on 5 March 2019, following an update to practice guide 19 section 3.1.1. We would encourage customers to share this information with third parties who are the beneficiary of the restriction, to avoid incorrectly worded consents being submitted.
From 1 April 2020, we will raise a request for information (requisition) when the consent wording is not correct. For more information, see practice guide 19: notices, restrictions and the protection of third-party interests in the register.