Luxembourg Register of Beneficial Owners: publication of illustrative examples on the identification of the beneficial owner

9.08.2019 | Luxembourg

On 9 August 2019, ALCO, ALFI, LPEA and LuxReal (The “Task Force”) published a document setting out illustrative examples regarding the identification of the beneficial owner(s) within Investment Funds.

This document provides an illustration of examples on an approach to identify the Beneficial Owner(s) (“BO”) in investment funds (“Fund”), depending on the distribution strategy.

This document is only accessible by a limited audience. Members of LPEA can request their copy by e-mail to lpea-office@lpea.lu.

Deadline

Existing Luxembourg entities have until 30 November 2019 (extented period!) to compile their internal file on BOs and to register the relevant information with the RBE (Registre des bénéficiaires effectifs). Amendments to the BO related information should be filed within one month after the registered entity is aware or should be aware of such amendment.