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Company – Register of Beneficial Ownership deadline

Companies must file beneficial share ownership with CRO by 22nd November 2019

The Companies Registration Office of Ireland (CRO) has issued a reminder of the deadline to file details in the Register of Beneficial Ownership (RBO) for shares or shareholdings in Irish registered companies. The central register at has been open since the 29th July 2019.

It is the legal responsibility of a company/society’s officers (director(s) and company/society secretary) to obtain and confirm beneficial ownership on the new register. Officers now have until the 22nd November 2019 to complete the filing with the CRO.

A Beneficial Owner is defined in Article 3(6), 4AMLD (4th Anti Money Laundering Directive), as “any natural person(s) who ultimately owns or controls a legal entity, either through direct or indirect ownership of a sufficient percentage of the shares or voting rights or ownership interest in the entity, including through bearer shareholdings, or through control via other means.” A more comprehensive definition is set out in the FAQ section to the website.”

A criminal offence can arise in the following context:

  • failure by a relevant entity to provide information on its beneficial owners to the Registrar, to ensure that the information on the Central Register is up-to-date, or to comply with a request from the Registrar to explain or rectify any discrepancies;
  • the provision of materially false information to the Registrar by a relevant entity or presenter on its behalf;
  • failure by a designated person to notify the Registrar of a discrepancy between a Beneficial Ownership Register, and the Central Register; and
  • failure by a presenter to provide certain information about itself to the Registrar.