Following our earlier news release on 24 August 2018, concerning the entry into force of the Law on the UBO register, the FPS Finance launched an update yesterday.
As we wrote earlier, the law which imposes on ultimate beneficiary owners to pass on their data on the platform of the FPS Finance, namely "MyMinFinPro", will enter into force on 31 October 2018. The "UBO's" then had until 31 November 2018 to pass on their data on that platform.
As announced yesterday on the website of the FPS Finance, this date will be extended until 31 March 2019.
All the "UBO's" will now have a little more time to collect and communicate the necessary data.