Why are shareholders/partners and beneficial owners required to report information themselves under the Transparency Act?
Antwort
Because only they know whether they are acting on their own behalf or on behalf of someone else. Many control structures — such as nominee arrangements, silent agreements or multi-layered ownership chains — are not visible to the company. Without their active cooperation, the company cannot fulfil its own duties of identifying, verifying and reporting.
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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.