Beneficial Ownership Requirements: Companies (Amendment) Act

The recently enacted Companies (Amendment) Act, 2019 (‘CAA’) introduces a number of significant new reporting and disclosure requirements on the following:

• companies
• beneficial owners who are not shareholders
• shareholders; and
• senior company officials.

The CAA requires companies to ascertain their true owners and disclose same to the Companies Registry using newly published prescribed forms. We are pleased to share some insights into the new beneficial ownership requirements in the attached document.

If you have any questions on the CAA our team stands ready to assist you in satisfying the legislative criteria, including the completion of the new prescribed forms.