• Power to require statements to be sent to the Registrar of companies

    • 268. Statements from persons subject to non-Abu Dhabi Global Market restrictions

      (1) The Board may make rules requiring a person who—
      (a) is subject to non-Abu Dhabi Global Market restrictions, and
      (b) is not disqualified under this Part,
      to send a statement to the Registrar if he does anything that, if done by a person disqualified under this Part, would be in breach of the disqualification.
      (2) The statement must include such information as may be specified in the rules relating to—
      (a) the person's activities in relation to companies, and
      (b) the non-Abu Dhabi Global Market restrictions to which the person is subject.
      (3) The statement must be sent to the Registrar within such period as may be specified in the rules.
      (4) The rules may make different provision for different cases and may in particular distinguish between cases by reference to—
      (a) the conduct on the basis of which the person became subject to non-Abu Dhabi Global Market restrictions,
      (b) the nature of the non-Abu Dhabi Global Market restrictions,
      (c) the country or territory under whose law the non-Abu Dhabi Global Market restrictions were imposed.

    • 269. Statements: whether to be made public

      (1) Rules made under section 268 (statements from a person subject to non-Abu Dhabi Global Market restrictions) may provide that a statement sent to the Registrar under such rules is to be treated as a record subject to enhanced disclosure requirements for the purposes of section 952 (documents subject to enhanced disclosure requirements).
      (2) The rules may make provision as to the circumstances in which such a statement is to be, or may be—
      (a) withheld from public inspection, or
      (b) removed from the register.
      (3) The rules may, in particular, provide that a statement is not to be withheld from public inspection or removed from the register unless the person to whom it relates provides such information, and satisfies such other conditions, as may be specified.

    • 270. Contraventions

      (1) Rules made under section 268 (statements from a person subject to non-Abu Dhabi Global Market restrictions) may provide that it is a contravention o f these Regulations for a person—
      (a) to fail to comply with a requirement under the rules to send a statement to the Registrar,
      (b) knowingly or recklessly to send a statement under the rules to the Registrar that is misleading, false or deceptive in a material particular.
      (2) The rules may provide that a person who commits the contravention referred to in subsection (1)(a) is liable to a fine of up to level 5.
      (3) The rules may provide that a person who commits the contravention referred to in subsection (1)(b) is liable to a fine of up to level 8.