Amendments To Bermuda's Beneficial Ownership Act

The Beneficial Ownership Amendment Act 2025 came into effect on 30 December 2025, introducing changes to the Beneficial Ownership Act 2025 (the "Act"); these changes are as follows.

In addition to certain clarifying amendments, the most significant change is the full repeal of section 16 of the Act, which previously required prior approval from the Registrar of Companies (the "Registrar") before a person could become a beneficial owner of an in-scope entity. This requirement has now been removed.

While prior approval is no longer required, in-scope entities remain obligated to establish and maintain a beneficial ownership register containing adequate, accurate, and up-to-date information and to file the minimum required beneficial ownership information with the Registrar for inclusion on Bermuda's central register of beneficial ownership information.