CIPC reminds companies to file their beneficial ownership information
The Commission will conduct inspections to verify the filed beneficial ownership information on record.
The FSCA and PA urge financial institutions to prepare for the standard’s implementation despite the provision for a transitional period.
Read moreThe Commission will conduct inspections to verify the filed beneficial ownership information on record.
To make sense of the new disclosure regime, it is necessary to distinguish the novel concept of a beneficial owner from the pre-existing notion of “beneficial interest”.
Companies have broader obligations to keep records of persons with beneficial interests in their securities.