New register for beneficial owners of fiduciary arrangements and express trusts complementary to the register of beneficial owners for legal entities.
On 17 July 2020, the Law of 10 July 2020 creating a register of fiducies and trusts ("RFT Law") entered into force.
The RFT Law provides, in particular, for the mandatory registration of certain personal data on the beneficial owners of trusts and fiducies in a newly created register of fiducies and trusts.
More information on this subject can be found in the newsflash published on our website.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.