Update on Confirmation of Data in the Beneficial Ownership Register (UBO Register)

Dear Clients,

We remind you that, in accordance with the applicable legislation, all companies incorporated or registered under the Companies Law, Cap. 113, all European Public Limited Companies (SEs), as well as all Partnerships, are required, during the period from 1 October 2025 to 31 December 2025, to access the Beneficial Ownership Register (BOR) system and confirm the details of their Beneficial Owners (BOs) or Senior Management Officials (SMOs).

Please also note that any changes to the data reportable to the BOR must be submitted within 45 calendar days from the date such changes take effect. Failure to comply will result in financial penalties as follows:

• €100 for the first day of non-compliance,
• €50 for each subsequent day,
• up to a maximum of €5,000 in total.

Main Partner closely monitors all ongoing legislative and regulatory changes in order to keep clients informed in a timely manner and to ensure that their companies remain fully compliant with the new requirements.

Remark: The content of this article was accurate at the time of the first publication. It provides general information on the subject matter and is not intended as legal advice. For specific advice on your situation, we recommend seeking professional counsel. If you have any questions or need further information, please contact our experts at contact@mainpartnertrust.com.

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