Which legal entities are explicitly exempt from the reporting obligations under the Legal Entity Transparency Act (LETA)?
Antwort
Under LETA, listed companies whose equity securities are wholly or partly traded on a stock exchange, subsidiaries more than 75% owned by such listed companies, and occupational pension institutions are exempt. These entities are not required to report beneficial owners to the Transparency Register.
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.