Commercial Register and Transparency Register—what's the difference?
In our video series, attorney Daniel Bachmann, LL.M., explains key issues in corporate law—in a clear, concise, and practical way. This episode focuses on the differences between the Commercial Register and the Transparency Register, and why companies should keep track of the information in both registers.
The Commercial Register and the Transparency Register serve different functions. While the Commercial Register primarily contains information about companies, their corporate structures, and their representation arrangements, the Transparency Register is primarily used to record a company’s beneficial owners in accordance with the requirements of the Anti-Money Laundering Act.
As a video supplement to our series on corporate law, attorney Daniel Bachmann, LL.M., explains what information is contained in the two registers, who is considered a beneficial owner, and when changes must be reported to the Transparency Register. He also explains why, particularly in the event of changes to shareholders or ownership structures, it is important to verify whether the information regarding the beneficial owner also needs to be updated.
Watch the video:
Commercial Register and Transparency Register—What’s the Difference?
The video provides managing directors, shareholders, and companies with a concise overview of the different functions of the Commercial Register and the Transparency Register, as well as the associated obligations.