Beneficial owner disclosure in the UK

Beneficial owner disclosure in the UK

The UK has delayed plans for the implementation of a public register of beneficial owners. This was originally due to be implemented on 1 January 2016 however reporting has been delayed until 30 June 2016 at the earliest. This follows the decision to delay the removal of corporate directors. We are closely monitoring the position and as soon as the legislation and guidance is finalised we will be briefing all clients on the implications and our comprehensive range of options to mitigate the impact of the legislation. We expect to be able to brief clients in the first quarter of 2016.

In the meantime if you have any immediate questions please contact Andrew Gilfillan in our London office on andrew.gilfillan@mannmadegroup.com.