[This Part is arranged as follows—
(a) the remaining provisions of this Chapter identify the companies to which this Part applies and explain some key terms, including what it means to have “significant control” over a company,
(b) Chapter 2 imposes duties on companies to gather information, and on others to supply information, to enable companies to keep the register required by Chapter 3,
(c) Chapter 3 requires companies to keep a register, referred to as a register of people with significant control over the company, and to make the register available to the public,
(d) Chapter 4 gives private companies the option of using an alternative method of record-keeping, and
(e) Chapter 5 makes provision for excluding certain material from the information available to the public.]
[(1) This Part applies to companies other than—
[(a) companies with voting shares admitted to trading on a regulated market which is situated in an EEA State [UK regulated market or an EU regulated market], and]
(b) companies of any description specified by the Secretary of State by regulations.
(2) In deciding whether to specify a description of company, the Secretary of State is to have regard to the extent to which companies of that description are bound by disclosure and transparency rules (in the United Kingdom or elsewhere) [which are contained in international standards and are equivalent to those applicable to companies referred to in subsection (1)(a)].
(3) . . .
(4) Regulations under this section are subject to affirmative resolution procedure.]
[(5) In this section—
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