From owners’ birth places to rules about shareholders’ voting rights…
Data relating to beneficial ownership may include:
And so on.
…data describing beneficial ownership is often scattered across documents…
The data is often included in companies’ annual reports, founding articles and filings to regulatory authorities. Bringing it all together can build the big picture about a company’s beneficial owners.
…presenting challenges when sharing or collating beneficial ownership information…
Accessing this data and understanding its relevance to beneficial ownership can be challenging:
… which is becoming a frequent requirement for companies.
Increasingly, governments and regulatory authorities require beneficial ownership data to be disclosed and filed in official registers.
These challenges require us to structure and standardise beneficial ownership data, so that it has a reliable scope and predictable format.
Companies already hold data about beneficial ownership. It is not always recorded, stored or shared in consistent ways, making reporting and interpreting reports challenging.