Update on the Beneficial Ownership Register
The implementation of the Beneficial Ownership Regulations is fast approaching. The Central Register of Beneficial Ownership website has gone live. The website has a helpful FAQ section which covers any questions companies, directors, shareholders and presenters may have on the regulations.
Registration will commence on 22nd June 2019 and companies will then have 5 months to file the relevant information on the Central Register.
PPS Number
One key question is whether or not all beneficial owners and senior management officers will require a PPS number and this point has not yet been clarified. This requirement could cause a backlog in applications being made and processed. As soon as we get this information we will let you know.
Conor appeared on Morning Ireland , RTE News at One and Newstalk Business Breakfast discussing the implementation of the beneficial ownership regulations and you can listen to the interviews on the above links.
Note: The content of this article is provided for information purposes only and does not constitute legal or other advice.
