On 18 June, it was reported that the beneficial ownership registers, currently only accessible by local authorities in the UK’s Crown Dependencies, and which show the ultimate owner of a company, are to be made available to the EU, businesses, and the general public by 2023.  In 2021 the Dependencies plan to merge their registers with their EU equivalents; in 2022: businesses will be given access in order to do their “due diligence”; and in 2023 the governments of Guernsey, Jersey and the Isle of Man will bring legislation before their parliaments to make their registers publicly available.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: