NEWSFLASH: Beneficial Ownership – Central Register
The Statutory Instrument (S.I. No. 110) commencing the European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2019 (the ‘2019 Regulations’) came into operation on 22 March 2019.
These Regulations revoke the 2016 Regulations and include the much awaited requirements to disclose certain information on companies’ beneficial ownership in a public Central Register. Part 3 of the 2019 Regulations which relate to the Central Register obligations will commence on 22 June 2019, with a five month period within which existing companies must comply (i.e. 22 November 2019).
See full Statutory Instrument here Link
We will provide further detail on the new obligation in the coming weeks, therefore keep an eye on our website for further information.
If you require assistance with your Beneficial Ownership Register please contact Nicola or Anna on 00 353 (0) 91 704 818
This information is for general information purposes and does not constitute as legal or any other advice.