Regulation 2019 status not recorded
Décret gouvernemental n° 2019-54 du 21 janvier 2019 relatif aux modalités et critères d'établissement du bénéficiaire effectif (Government Decree 2019-54 on the mechanisms and criteria for establishing the beneficial owner)
Plain-English summary
Issued by the Head of Government under Art. 8 of Law 2018-52 and published in JORT no. 7 of 22 January 2019. For legal persons the beneficial owner is the natural person holding 20% or more of capital or votes, failing that the person exercising control by other means, failing that the principal executive officer. For legal arrangements it names the founder, trustees, beneficiaries and anyone with effective control.
Who it applies to
All industries
Topics
AML / CFT / Sanctions Tax Transparency (FATCA/CRS/BEPS)
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