2 Amendments of Othmar KARAS related to 2016/0208(COD)
Amendment 106 #
Proposal for a directive
Recital 33
Recital 33
(33) Currently, companies and similar legal entities active in the Union are under an obligation to register their beneficial ownership information, whereas the same obligation does not apply to all trusts and other legal arrangements which present similar characteristics such a. Member States Tareuhand, fiducies or fideicomiso set up in the Union called upon to review which legal arrangements in their legal framework have a structure and function similar to trusts. With a view to ensure that the beneficial owners of all legal entities and legal arrangements operating in the Union are properly identified and monitored under a coherent and equivalent set of conditions, rules regarding the registration of the beneficial ownership information of trusts by their trustees should be consistent with those in place in respect of the registration of beneficial ownership information of companies.
Amendment 296 #
Proposal for a directive
Article 1 – paragraph 1 – point 10 – point a
Article 1 – paragraph 1 – point 10 – point a
Directive 2015/849/EU
Article 31 – paragraph 1 – subparagraph 1
Article 31 – paragraph 1 – subparagraph 1
Member States shall ensure that this Article applies to trusts and other types of legal arrangements having a structure orand functions similar to trusts, such as, inter alia, fiducie, Treuhand or fideicomiso.