Česky

Anticorruption barometer


Update history

Abolition of anonymous ownership — #132 Wire transfers of shares

Transfer of shares should take place “by wire transfer”, that is by debiting shares from one account and crediting them to another account.

Justification and sources

Selected update

Updated: 09/2015 Parameter update history

Effectiveness:
50%
Progression:
50%
The law proposal is in the Gov't

The issue of replacing of paper shares by electronic (book-entry) securities is currently not being solved directly, but indirectly the question of identification of shareholders and ultimate beneficial owners is, to certain extent, being dealt with under the proposal of an amendment of the Act on public registers which is under the government adoption process.

Compared to current state

Updated: 01/2018 Parameter update history

Effectiveness:
25%
Progression:
90%
The law is in force

The Act on public registers introduces as of 1 January 2018 the obligation for legal persons to register information about its beneficial owner(s) to the register of beneficial owners, however, this information cannot be verified and are is public.