When does the obligation to notify discrepancies under the Transparency Act take effect?
Antwort
The notification obligation under Art. 30 LETA does not take effect until six months after the Act enters into force (Art. 54 para. 1 of the LETA transitional provisions). Legal entities that are still within the two-year transitional registration period must confirm to financial intermediaries upon request that they are availing themselves of that period – otherwise the notification obligation applies.
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.