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Reminder: complying with a restriction

Wednesday, 09 October 2019
08:58
news_story
Reminder: complying with a restriction
Updates to practice guide 19 will take effect from April 2020.

[English] - [Cymraeg]

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.

[English] - [Cymraeg]

Nodyn atgoffa: cydymffurfio â chyfyngiad

Hoffem atgoffa cwsmeriaid bod yn rhaid i gydsyniad, o 1 Ebrill 2020, nodi:

ei fod yn cael ei roi i gofrestru’r gwarediad, yn hytrach na chydsynio i’r gwarediad ei hunan yn unig.

Cyhoeddwyd y cyfarwyddyd hwn gyntaf ar 5 Mawrth 2019, yn dilyn diweddariad i gyfarwyddyd ymarfer 19 adran 3.1.1. Byddem yn annog cwsmeriaid i rannu’r wybodaeth hon â thrydydd partïon sy’n fuddiolwr y cyfyngiad, er mwyn osgoi cyflwyno cydsyniadau wedi eu geirio’n anghywir.

O 1 Ebrill 2020, byddwn yn anfon cais am wybodaeth (ymholiad) pan nad yw’r geiriad cydsynio yn gywir. Am ragor o wybodaeth, gweler cyfarwyddyd ymarfer 19: rhybuddion, cyfyngiadau a gwarchod buddion trydydd parti yn y gofrestr.

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