Gazette beneficial-ownership-transparency-amendment-regulations-2026-lg3-s1 — Beneficial Ownership Transparency Act

Gazette

beneficial-ownership-transparency-amendment-regulations-2026-lg3-s1

Published 2026-01-23

Section 2

Supplement No. 1, Gazette No. 3 of 2026 — 2026-01-23

s2Renumbers regulation 2, deletes the definition of 'voting rights', inserts a new definition of 'legal entity', and adds a new paragraph (2) clarifying references to voting rights in a legal person.

Section 4

Supplement No. 1, Gazette No. 3 of 2026 — 2026-01-23

s4Deletes the words 'or section 11' from regulation 4(3) regarding additional matters where a registrable beneficial owner's particulars are not confirmed.

Section 12

Supplement No. 1, Gazette No. 3 of 2026 — 2026-01-23

s12Repeals paragraph (2) of regulation 12 concerning administrative fine notices.

Section 17

Supplement No. 1, Gazette No. 3 of 2026 — 2026-01-23

s17Repeals and substitutes paragraph (1) of regulation 17 to require persons with access to beneficial ownership information to notify the competent authority of discrepancies no later than five days after discovery.

Section 18

Supplement No. 1, Gazette No. 3 of 2026 — 2026-01-23

s18Amends regulation 18(b) by replacing 'another legal person' with 'a legal entity other than B'.

Section 20

Supplement No. 1, Gazette No. 3 of 2026 — 2026-01-23

s20Repeals and substitutes paragraph (1) of regulation 20 to clarify when a person holds an interest in a legal person indirectly through a legal entity, and replaces 'legal person' with 'legal entity' in paragraph (2)(b).

Section 21

Supplement No. 1, Gazette No. 3 of 2026 — 2026-01-23

s21Amends the regulation heading to add 'voting' and repeals and substitutes paragraphs (1) and (2) to redefine how shares and voting rights are held indirectly through chains of legal entities.

Section 27

Supplement No. 1, Gazette No. 3 of 2026 — 2026-01-23

s27Repeals regulation 27 concerning voting rights.

Section 0

Supplement No. 1, Gazette No. 3 of 2026 — 2026-01-23

s0Substitutes the heading of Schedule 1 to read 'Breaches for Which an Administrative Fine May Be Imposed'.