Legitimate Interest Access To Bermuda's Central Register Of Beneficial Ownership

The Registrar of Companies (RoC) has recently published a Consultation Paper, Legitimate Interest Access to Bermuda's Central Register of Beneficial Ownership (CP).The Bermuda Government plans to establish a legislative framework and supporting electronic system for legitimate interest access to the central register of beneficial ownership information by July 2026 (Framework). The CP includes nine questions for consultation which will inform various components of the Framework such as the definition of legitimate interest, the categories of persons who may qualify for access, the scope of information to be disclosed and the safeguards necessary to ensure that the regime if effective, workable and consistent with Bermuda's international commitments and applicable legal principles.