What happens when reporting to the transparency register if no beneficial owner can be identified?
Antwort
If, despite careful examination, no beneficial owner can be identified – for example in cases of widely dispersed shareholdings – a subsidiary rule of the Transparency Act applies: the most senior member of the executive body is then considered the beneficial owner, typically the chair of the board of directors. This rule primarily serves to ensure contact with authorities and does not mean that this person actually exercises economic control.
Weitere relevante Fragen
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.