The Department of the Registrar of Companies and Intellectual Property announces that on the basis of a decision of the Court of Justice of the European Union (CJEU), dated. 22/11/2022, in joined cases C-37/20 and C-601/20, access to the Register of Beneficial Owners is suspended as of 23/11/2022 for the general public.
According to the above-mentioned CJEU Judgment, Article 1, point 15(c) of Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018, which provides access to information on Beneficial Owners of a legal entity to the general public, is invalid since it constitutes a serious interference with the fundamental rights to respect for privacy and protection of personal data, enshrined respectively in Articles 7 and 8 of the Charter of Fundamental Rights of the European Union.
The relevant information to the competent and supervisory authorities and the Unit, as referred to in Directive C.P.D. 112/2021 Article 12 and the amending Directive P.D. 116/2022, will continue to be provided in the current procedure.
The relevant information to the liable entities will be provided in the current procedure by additionally submitting a Declaration of Responsibility to confirm that the data of the Beneficial Owners are requested in the context of due diligence measures.
It is understood that the obligation of companies and cooperatives to submit and update the data of Beneficial Owners is not affected by the above and continues to exist.
(B]PIO[/B]
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