Suspension of access to the Beneficial Owner register

The Registrar of Companies has announced that, following the landmark ruling of the Court of Justice of the European Union, access to the Beneficial Owner register for the general public is suspended as of 23rd of November 2022.

The Court argued that the 5th AML directive giving access to the information on the beneficial ownership of legal entities to any member of the general public is invalid and constitutes interference with the fundamental rights of respect for private life and to the protection of personal data. As a result only, competent authorities may now access the register.