Draft bill on UBO-register adopted in its entirety by Belgian parliament
In our newsletter of July 12, 2017, we informed you that a draft bill, introducing the Belgian UBO-register, was submitted to Belgian parliament.
On July 20, 2017, the draft bill has been adopted in its entirety by the Belgian parliament. No adjustments have been made to the draft bill.
The law will enter into force on the 10th day after the publication in the Belgian Official Gazette.
One or more Royal Decrees will need to be published before directors will be able to report the required information on the UBO’s of the entity to the Belgian UBO-register.
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We will keep you informed on any further developments in this matter.