The Secretary of State may make provision by regulations requiring a person who—
is subject to foreign restrictions, and
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.
The statement must include such information as may be specified in the regulations relating to—
the person's activities in relation to UK companies, and
the foreign restrictions to which the person is subject.
The statement must be sent to the registrar within such period as may be specified in the regulations.
The regulations may make different provision for different cases and may in particular distinguish between cases by reference to—
the conduct on the basis of which the person became subject to foreign restrictions;
the nature of the foreign restrictions;
the country or territory under whose law the foreign restrictions were imposed.
Regulations under this section are subject to affirmative resolution procedure.