1. The Registrar shall be responsible for registering all Companies and for providing information relating thereto and making such information publicly available, as follows: a. A description of their various types or forms and their basic characteristics; b. Procedures for their establishment; c. Procedures for registration and for obtaining their Basic Information as referred to in Paragraph (b) of Clause (1) of Article (9) of this Resolution; d. Procedures for registration and for obtaining Beneficial Owner information. 2. The Registrar shall obtain and retain the Up-To-Date Basic Information referred to in Paragraph (b) of Clause (1) of Article (9) of this Resolution, together with the Up- to-Date Information of the Nominee Director or Nominee Shareholder referred to in Article (39) of this Resolution, verify the accuracy thereof, make it publicly available, and establish the necessary mechanisms for that purpose. 3. Upon registering Companies, the Registrar shall obtain the company’s Beneficial Owner information in accordance with Clause (1) of Article (10) of this Resolution and shall, upon obtaining such information and in all cases, ensure that such information is adequate, accurate, and Up-To-Date, make it available to the concerned authorities, and establish the necessary mechanisms for that purpose. 4. To ensure access to accurate and Up-To-Date Information identifying the Beneficial Owner, the Registrar shall take supplementary measures, such as coordination with competent authorities that retain such information or have access thereto. The Registrar may notify the Supervisory Authority to impose the prescribed administrative sanctions on Companies, or take any other measures it deems appropriate, where it is unable to obtain Beneficial Owner information or where it has doubts as to its accuracy. 5. The Registrar shall coordinate with the Supervisory Authority and the National Committee to identify and assess Crime risks relating to all Legal Persons in the State, take appropriate measures to manage and mitigate such risks, and determine the measures required to ensure that the concerned authorities obtain adequate, accurate, and Up-To-Date Beneficial Owner Information.
Interpretation and application must be checked against the official text and current version.