S.L. 386.19 · Companies Act (S.L. 386.19)
S.L. 386.19 Art. 7ARegistrar to keep access logs.
(1) The Registrar shall ensure that he keeps records of the persons accessing the information pursuant to regulation 7(1)(c)
and is able to disclose them to the beneficial owners when they file a request pursuant to Article 15(1), point (c), of Regulation (EU) 2016/ 679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing (REGISTER OF BENEFICIAL OWNERS)
Directive 95/46/EC (General Data Protection Regulation):
Provided that no information shall be disclosed to the beneficial owner of a company which may lead to the identification by such beneficial owner of any persons consulting the register pursuant to regulation 7 and where such persons are:
(a) acting for the purpose of journalism, reporting or any other form of expression in the media, whose activity is connected with the prevention or combating of money laundering, its predicate offences or terrorist financing; or
(b) civil society organisations, whose activity is connected with the prevention or combating of money laundering, its predicate offences or terrorist financing:
Provided further that in the instances under paragraphs
(a) and (b), only the occupation or function of the persons consulting the register shall be disclosed.
(2) The Registrar shall refrain from disclosing the identity of any third country counterpart of Union AML/CFT competent authorities referred to in Article 2(1), point 44(a) and (c) of the Regulation, accessing the register in accordance with regulation 7(1)(c). Such restriction shall apply for as long as is necessary to protect the analyses or investigations of that authority. The period requested to refrain from disclosure shall be indicated by the said authorities to the Registrar, which in any case shall not exceed five (5) years, accompanied by the reasons for restriction and explanations as to how the provision of the information would jeopardise the purpose of their analyses and investigations. Where the Registrar does not disclose the identity of the authority having consulted the beneficial ownership information in accordance with this sub-regulation, any extension of that period of restriction shall be granted only on the basis of a justified request by the relevant authority of the third country, for a maximum period of one (1) year, after which a further justified request for extension shall be submitted by that authority.
Änderungsgeschichte
- Amended by L.N. 184 of 2026