Lets face it in the south of the UK they appear to have taken a register of all the N regs for the olympics
Again spot on MJ. the chances are that most people who have been flying N Reg in the UK during the last few months will have been approached by an "official" to discover who the pilot is, that is to build up an intelligence list as to WHO is operating the aircraft. We have all seen recent DFT / CAA / UKBA / CE checks at various airfields in recent months. I can not imagine that the UK agencies are comfortable with the anonimity offered to UK owners of N reg aircraft through US based trusts.
I think that the argument that a US based trust can be argued to be the operator of an aircraft is totally farcical, The trust is a token entity to facilitate a loophole in international aviation law. No more, no less.