October 3, 2023

CIPC Notice 53 On 19 September 2023, the CIPC announced that starting from 1 October, there will be heightened enforcement on beneficial ownership reporting. Background Mandatory filings for beneficial ownership and securities/beneficial interest registers were introduced on 24 May 2023. Action required If your entity hasn’t submitted the beneficial ownership details yet, it’s time to …

CIPC Implements Stronger Enforcement of beneficial ownership and securities register filings from 1 October 2023 Read More »

The FIC issued a Notice of final demand on 25 August 2023, reminding registered accountable institutions to submit their risk and compliance returns (RCR). Entities under Directive 6 that have not yet submitted returns are currently non-compliant and at risk of sanctions as per section 62E of the FIC Act. This FIC notice serves as …

FIC Final Demand Notice for Accountable Institutions to Submit Risk and Compliance Returns (Directive 6 of 2023) Read More »