1. The Concerned Authorities shall exchange information relating to Companies and Legal Arrangements with competent foreign authorities without imposing unjustified restrictive conditions. This cooperation shall include the following: a. Facilitating access by competent foreign authorities to Basic Information and Beneficial Owner information of Companies and Legal Arrangements and other information held by or available in relevant registers; b. Exchanging information on shareholders; c. Exercising their powers to obtain all Beneficial Owner information on behalf of competent foreign authorities. 2. The Concerned Authorities shall oversee the quality of execution of incoming international cooperation relating to requests for Basic Information and Beneficial Owner information of Companies and Legal Arrangements, including requests concerning the identification of a Beneficial Owners resident outside the State. 3. The Concerned Authorities shall retain Basic Information and Beneficial Owner information of Companies and Legal Arrangements in a secure and easily accessible manner. 4. The Concerned Authorities shall designate and make publicly available contact points responsible for exchanging Basic Information and Beneficial Owner information of Companies and Legal Arrangements.
Interpretation and application must be checked against the official text and current version.