S.L. 16.18 Art. 14Interconnection of the Register of Beneficial Owners.

(1) The Register of Beneficial Owners held by the

Registrar for Legal Persons in accordance with regulation 7 shall be interconnected with the system of interconnection of central registers of Member States established by Article 22 of Directive (EU) 2017/ 1132 and in accordance with national law by means of the European Central Platform and the European e-Justice portal serving as the European electronic access point. The connection to the platform shall be set up in accordance with the technical specifications and procedures established by implementing acts adopted by the European Commission

(2) The information on the beneficial owners of a foundation held by the Registrar for Legal Persons in the Register of Beneficial Owners shall be available and accessible to the authorities mentioned in regulation 10(1)(a) through the system of interconnection of registers mentioned in this regulation.

(3) The information on the beneficial owners of a foundation held by the Registrar for Legal Persons in the Register of Beneficial Owners shall be available through the Register of Beneficial Owners and through the system of interconnection of registers, in the case of a transparent foundation for five (5) years and in the case of a private foundation for ten (10) years, and this, from the date on which:

(a) the grounds for registering the beneficial ownership information have ceased to exist; or

(b) the foundation has been struck off from the Register of Legal Persons or, if the foundation is, for any reason, not registered in terms of the Second Schedule or applicable regulations, from the date on which the certified copy of the winding up resolution is delivered to the Registrar (REGISTER OF BENEFICIAL OWNERS – FOUNDATIONS)

for Legal Persons in accordance with article 59 of the Second Schedule; or

(c) there is the termination of registration in case of the continuation of the foundation in another country in accordance with article 22A of the Second Schedule, whichever is the earlier.