Recital 27

(27) The accuracy of data included in the central registers is fundamental for all of the relevant authorities and other persons allowed access to that data, and to make valid, lawful decisions based on that data. Therefore, Member States should ensure that the entities in charge of central registers verify, within a reasonable time following submission of beneficial ownership information and on a regular basis thereafter, that the information submitted is adequate, accurate and up-to-date. Member States should ensure that entities in charge of central registers are able to request any information they need to verify beneficial ownership information and nominee information, as well as situations where there is no beneficial owner or where the beneficial owners could not be determined. In those situations, the information provided to the central register should be accompanied by a justification including all relevant supporting documents to enable the register to ascertain whether this is the case. Member States should also ensure that the entities in charge of central registers have adequate tools at their disposal to carry out verifications, including automated verifications in a manner that safeguards fundamental rights and avoids discriminatory outcomes.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.