What is meant by control exercised in other ways?
Antwort
This refers to situations in which control is not exercised through capital or voting right percentages, but for example through the right to appoint or remove the majority of board members, through veto rights, or through the right to determine profit distributions. The LETO requires a description of how that control is specifically exercised (Art. 3 and Art. 8 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.