Insurance Newsletter – Issue No. 9

MBR issues a Notice to the General Public restricting public access to BO information

The Malta Business Registry (MBR) issued a notice explaining how access to the Register of Beneficial Owners is being limited following a decision by the Court of Justice of the European Union which was delivered on 22 November 2022. The Court of Justice ruled that the provisions in Directive (EU) 2015/849 which granted public access to Registers of Beneficial Owners to legal entities are invalid.

The MBR has reacted to this judgement by limiting access to the Register of Beneficial Owners to competent authorities and subject persons, whereas access by the general public has been suspended.