S.L. 331.10 Art. 6CMeasures to ensure adequate, accurate and up- to-date information. 

(1) Where the Authority has reasonable cause to believe that the beneficial ownership information submitted in respect of an express trust may not be accurate and updated, the Authority may make enquiries with the trustee or carry out any other action in accordance with its powers granted to it under the Act, in order to establish the current beneficial ownership and, or to verify that the beneficial ownership information submitted to it in respect of an express trust is accurate and up-to-date, and the Authority’s right to (REGISTER OF BENEFICIAL OWNERS)

verify such information shall not be restricted, obstructed or precluded in any manner.

(2) Where a competent authority, if appropriate and to the extent that this requirement does not interfere unnecessarily with its functions, as well as any person referred to in regulation 6(1b), becomes aware of any discrepancies between the beneficial ownership information available in the register referred to in regulation 4 and the beneficial ownership information available to them, they shall report such discrepancies to the Authority.

(3) Where discrepancies are reported and communicated to the Authority in terms of sub-regulation (2), the Authority shall take any appropriate actions in order to resolve such discrepancies in a timely manner. Until such time as the discrepancies are rectified, any reference to such discrepancies may be included in the register referred to in regulation 4.