Updated: 08/2015 Parameter update history
|Political promise to solve the problem|
The exemption from the requirement of disclosure of ultimate beneficial owners of companies for those owners who acquired their ownership interest through stock exchanges (regulated markets) is not a part of the proposal amending the Act on public register nor in the proposal amending the Act against money laundering, however, it can be practically applied since it is foreseen by the fourth EU Anti-money laundering Directive and certain but unspecified exemptions are foreseen in the Action plan and Conception for fighting corruption.
The exception from the requirement of disclosure of ultimate beneficial owners of companies for those owners which acquired their interest via stock markets (regulated markets) is not being dealt with either in the new Act on public procurement, which entered into force, nor in the proposal of law amending the Act on public registers, which is in the Lower Chamber of the Parliament. Nevertheless, the exception can be possibly applied if read in conjunction with the definition of the beneficial owner contained in the EU Anti-money Laundering Directive. The exception for banks and insurance companies whose ownership structures and ultimate beneficial owners are under surveillance of the Czech National Bank, is not foreseen.