All provisions · Beneficial Ownership Regulations 2020 · Register, declarations and review
r.12 Beneficial interest
(1) Every legal person and legal arrangement shall include and update the register of beneficial owners with the details of the beneficial interest of each beneficial owner or each registrable legal person consisting of the —
(a) means and mechanisms through which ownership or control is exercised; and
(b) numerical value of interest held, description of voting rights or other forms of control, management position or other position held by the beneficial owner, whichever applicable. (Substituted by S.I. 32 of 2023)
(2) to (4) (Repealed by S.I. 32 of 2023)
(5) Where there is a bona fide legal dispute as to the beneficial ownership of any interest in a legal person or legal arrangement which is in the process of being adjudicated by a court, no change should be recorded in the register of beneficial ownership before the determination of that matter by the court or the court orders, to do so.
(6) For the purposes of section 5(1) of the Act, it shall be sufficient if the register of beneficial owners contains the particulars of the current beneficial owners of the legal person or legal arrangement as on the date of commencement of the Act and any change thereof shall be updated under section 5(2) of the Act.
(a) means and mechanisms through which ownership or control is exercised; and
(b) numerical value of interest held, description of voting rights or other forms of control, management position or other position held by the beneficial owner, whichever applicable. (Substituted by S.I. 32 of 2023)
(2) to (4) (Repealed by S.I. 32 of 2023)
(5) Where there is a bona fide legal dispute as to the beneficial ownership of any interest in a legal person or legal arrangement which is in the process of being adjudicated by a court, no change should be recorded in the register of beneficial ownership before the determination of that matter by the court or the court orders, to do so.
(6) For the purposes of section 5(1) of the Act, it shall be sufficient if the register of beneficial owners contains the particulars of the current beneficial owners of the legal person or legal arrangement as on the date of commencement of the Act and any change thereof shall be updated under section 5(2) of the Act.
Official source: Beneficial Ownership Regulations, 2020 (S.I. 107 of 2020), Consolidated by us with S.I. 32 of 2023 and S.I. 64 of 2025; S.I. 7 of 2025 made but not yet in force
