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Version date: 1 March 2021 - onwards
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27. Amendment of Act of 1994 - new sections 27A to 27C relating to beneficial ownership disclosure

The Act of 1994 is amended by the insertion of the following sections after section 27:

"27A. Requirement to hold information on beneficial ownership of partnership

(1) A general partner of an investment limited partnership shall take all reasonable steps to obtain and hold adequate, accurate and current information in respect of the investment limited partnership’s beneficial owners, that is to say -

(a) the name, date of birth, nationality, and residential address of each beneficial owner of it,

(b) a statement of the nature and extent of the interest held, or the nature and extent of control exercised, by each such beneficial owner, and

(c) the PPS number of each such beneficial owner to whom such a number has been issued,

and any PPS number so obtained shall not be disclosed by the investment limited partnership for any purpose of this section or of any of section 27B, 27C, 28, 28A, 28B, 28C or 46.

(2) The general partner shall enter the information referred to in subsection (1)(

Comparing proposed amendment...