On the 16th June 2020, the Legal Notice 247 of 2020 came into force, introducing several amendments to the Companies Act (Register of Beneficial Owners) Regulations (the ‘Regulations’).
In Ghana, the Companies Act 2019 was amended to make changes to the regulations in respect of Ultimate Beneficial ownership (UBO).
On 23rd June 2020, the Dutch Senate approved the act implementing the long awaited ultimate beneficial ownership register (the “UBO register”) of companies and other legal entities that are incorporated or established in the Netherlands.
In accordance with the Parliament’s decision as of 19th June 2020, the Corporate Law Reform was approved. The effective date remains undetermined for the moment, but is expected to enter into force in 2022.
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