SInce March 27th of this year more than 1,5 million organisations in the Netherlands have to register their UBO's. Such as B.V.'s, N.V.'s, foundations, associations, v.o.f.'s, STAK's, partnerships, C.V.'s, ANBI's, churches. Followed by the UBO-register for trusts on November 1st. On November 22nd, the European Court of Justice ruled on the accessibility of the UBO-register. According to the CJEU, the general public’s access to information on UBO's constitutes a serious interference with the fundamental rights to respect for private life and to the protection of personal data.
The UBO register is a centrally maintained and public register in which ultimately interested parties of companies and other legal entities are and will be registered. Obligations are created for:
- the UBO to work with;
- those responsible for implementing changes in the Trade Register within an organisation (directors, company lawyers) in order to pass on, monitor and change UBO data; and
- Wwft institutions to check the UBO data and report it if they are not registered correctly.
Although the obligations are in effect for several months now, we notice that there are still many practical questions about the UBO-register and its consequences. Therefore we will clarify the UBO-register and explain the qualification of the UBO-register with examples and structures during this course.
In addition we will briefly cover the newly instated Trust Register and the CJEU November-ruling.
This course will be conducted in English. This is an online course. U will receive intructions prior to this course. It's not neccesary to install an application.