S.L. 386.19 Art. 7CGroundsforrefusal of access to beneficial ownership. 

(1) The Registrar shall only refuse a request to access beneficial ownership information on one (1) of the following grounds:

(a) the applicant has not provided the necessary information or documents;

(b) a legitimate interest to access beneficial ownership information has not been demonstrated;

(c) where on the basis of information in its possession, the Registrar has a reasonable concern that the information shall not be used for the purposes for which it was requested or that the information shall be used for purposes that are not connected to the prevention of money laundering, its predicate offences or terrorist financing;

(d) where one or more of the situations referred to in regulation 7F applies;

(e) in the cases referred to in regulation 7B(3), the legitimate interest to access beneficial ownership information granted by the central register of another Member State does not extend to the purposes for which the information is sought;

(f) where the applicant is in a third country and responding to the request to access information would not comply with the provisions of Chapter V 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 Directive 95/46/EC (General Data Protection Regulation).

(2) The Registrar may request additional information or documents from the applicant prior to refusing a request for access on the grounds listed in paragraphs (a), (b), (c) and (e) of sub-regulation (1). Where the Registrar requests additional information, the deadline for providing a response shall be extended by seven (7) working days.