On 10 September 2020, IOM GVT issued notice on beneficial ownership law. Key Points The consultation seeks feedback on the Beneficial Ownership (Amendment) Bill 2020. Follows IOM FSA September 2020 draft bill to improve accuracy of database. The amendments would ensure Isle of Man is compliant with international standards. The bill aims to bolster the…
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U.K. – GVT Beneficial Ownership Register
On 15 July 2020, UK GVT announced beneficial register for territories. Overseas territories to create accessible registers of company beneficial ownership. Minister for the Overseas Territories and Sustainable Development, Baroness Sugg, made a written Ministerial statement in the House of Commons and House of Lords. Welcomed statements by overseas territories of Anguilla, Bermuda, Cayman Islands,…
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Netherlands – EA Beneficial Owners Register
On 15 May 2020, AIMA responded to Dutch UBO register for non-corporate entities. Background Companies and legal entities to be obliged in 2020 to register their indirect owners. The name and economic interest of the UBO to be made public through the register. Bill implementing the UBO register was submitted to Lower House on 4…
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Austria – GVT Beneficial Owner Register
On 9 December 2019, AUT GVT issued rules on beneficial owners register. AUT GVT published ordinance of federal minister of finance on additional technical possibilities for access to commercial ownership register (WiEReG-EinsichtsV). Content and Legal Basis Per S9, S17 (5) of commercial ownership register act (WiEReG), BGBl I No. 136/2017. On retrieval, by obliged party,…
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