19/12/2018

Purpose: creation of a register of beneficial owners.

Entities concerned: all Luxembourg companies, investment funds and registered branches of foreign companies.

Beneficial owner: i.e., any person owning directly or indirectly at least 25% of an entity concerned.

Access to the register of beneficial owners: public authorities, self-regulatory bodies, entities subject to AML-CTF obligations, any member of the public (limited information).

Information disclosed: name, nationality, date and place of birth, country of residence, address, national or foreign identification number, nature and extent of beneficial ownership.

Entry into force: 1st day of the second month following the publication of the law – entities concerned to be compliant within 6 months of the entry into force.

Please click on the link below to read the full Newsflash.

YOU MIGHT ALSO WANT TO DISCOVER

23/09/2020
Companies still permitted to hold meetings without physical attendance until 31 December 2020

The law of 23 September 2020 regarding measures governing how companies and other legal entities are permitted to hold meetings has been published in the Luxembourg official journal.

Read More_
Corporate Governance and liabilities of the management body
(Restricted access link)
Understanding Securitisation