Beneficial Ownership Register

On 1 January 2018, part of an amendment of Act No. 253/2008 Coll. on selected measures against the legitimisation of proceeds of crime and financing of terrorism, as amended, and as implemented by Act No. 368/2016 Sb. (the "amendment"), entered into effect. We would like to draw your attention to certain changes to the Act on Public Registries of Legal Entities and Natural Persons (the "Registry Act"), the Public Procurement Act and the Insolvency Act introduced by the above amendment.

Beneficial Ownership Register

• The establishment of a registry of information about the beneficial owner of a legal entity entered in a public registry and a trust fund entered in a trust fund registry is effective as of 1 January 2018. The Beneficial Ownership Register is kept in electronic form by the competent regional court, i.e. the court responsible for administering the commercial register. It is not a public registry and information on beneficial owners is not published or