What does LETA mean by control by other means over a legal entity?
Antwort
Control by other means exists where a person has, directly or indirectly, alone or by acting in concert with third parties, the right or actual ability to control the company even without holding an ownership interest in the capital or voting rights of at least 25% (Art. 3 para. 1 LETO).
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Is the Communication Generator free to use?
Yes. The Communication Generator is free to use.
Does every shareholder or member qualify as a beneficial owner?
No. The fact that a company requests information from a shareholder or member does not automatically mean that this person is a beneficial owner. Indirect structures, acting in concert and other means of control may also be relevant.
Does the Communication Generator identify the beneficial owners?
No. The generator supports communication and information gathering. The actual assessment of who qualifies as a beneficial owner and who must be reported to the transparency register takes place afterwards. Konsento’s Transparency Register Reporting Assistant can be used for this assessment.