EU Public Beneficial Ownership Registers CANCELLED

[Simon4466]

https://www.royalgazette.com/intern...rules-against-the-eu-on-beneficial-ownership/https://www.dutchnews.nl/news/2022/...wnership-register-to-be-closed-to-the-public/
High Court in Luxembourg decided that having public (U)BO access goes against the privacy of the individuals, and therefore (some) countries have already cancelled the public data disclosure.

 

[JohnnyDoe]

Another proof that the EU is run by a bunch of clowns/puppets

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[troubled soul]

JohnnyDoe said:
Another proof that the EU is run by a bunch of clowns/puppets
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Most Governments are run by clowns.....Gem Leader are rare....as power attract corruptible

 

[Martin Everson]

Oh how did the EU got this one wrong. Sounds like a school boy error the EU committed. Did the EU even get legal opinion before enacting this...lol. How can it be so easily shot down by the simple fact that a UBO register goes against Article 7 and 8 of EU Charter...lol.

Anyway that's good news for now thu&¤#.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Jerry1911]

1) As far as I understand, UBO registers will still exist, they just won't be open to public. However, NGOs and "journalists" will be able to get access.

2) It'll be interesting to see what the UK does in this regard. Remember, they enacted their own PSC register under the pressure of the EU.

 

[GPT]

Jerry1911 said:
1) As far as I understand, UBO registers will still exist, they just won't be open to public. However, NGOs and "journalists" will be able to get access.

2) It'll be interesting to see what the UK does in this regard. Remember, they enacted their own PSC register under the pressure of the EU.
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This indeed. Read from several countries that they will not open it up to the public (even when the public had to pay for this info). Some other countries are not coming with an official statement and first want to see what the exact implication is and if they can appeal.

Lets not cheer to soon