Central Register of Beneficial Ownership (RBO) – Confirm Beneficial Owners

Only Beneficial Owners whose details have been confirmed will display in the Beneficial Ownership Register.

Confirm Beneficial Owners

The confirmation status of a Beneficial Owner is recorded in the Status of Investigations field against the Individual listed in a Company's record.

In the following example, three Beneficial Owners are recorded against a Company (Leopoldo, Nicole and Patrician Ann), but only two display on the Beneficial Owners Register (Leopoldo and Nicole. Refer to previous section, Run a Register). In this scenario, it is necessary to check the confirmation status of Patricia Ann.

To check or update the confirmation status of a Beneficial Owner:

• Open the Company Record and navigate to Ownership > Beneficial Owners.

All Beneficial Owners of the company are listed.

• Select the Folder icon for the Beneficial Owner whose Confirmation status is to be checked.

The Summary detail for the selected Beneficial Owner displays.

The record indicates that no status has been record for Patricia Ann in the Status of Investigations section.

• Select Edit.

The Edit: Beneficial Owners screen displays.

• Select the Add New... Status of Investigations link.

The Status of Investigations wizard opens.

In the Status of Investigations section:

• Select the Status of Investigations dropdown menu and read through each of the options presented.

• If the Beneficial Owner in question has been confirmed (added to the register), select the (NON STATUTORY) BENEFICIAL OWNER CONFIRMED option.

If an alternative status is more appropriate, select it from the list instead.

• Enter the date on which the specified Individual was confirmed as a Beneficial Owner into the Date From field.

If the specified Individual remains as a Beneficial Owner, leave the Date To field blank.

• If the specified Individual is no longer a Beneficial Owner, enter the date on which the ceased to be a Beneficial Owner for the company, into the Date To field.
• Add any notes relating to the status of investigations into the Notes field provided.
• Select Next.

The Action screen displays.

• Select an appropriate action to authorise the change, then select Finish.

The wizard closes.

The Status of Investigations section is updated to reflect the change.

• Record the nature of the Beneficial Owner's interest in the company by selecting the Add New... Nature of Interest link in the Nature of Interest field.

The Nature of Interest wizard opens.

In the Nature of Interest section:

• Select the Nature of Interest dropdown menu and read through each of the options presented before selecting the most appropriate one.

• Enter the date from which the specified Individual attained this interest in the Date From field.
• Add any notes relating to nature of interest into the Notes field provided.
• Select Next.

The Action screen displays.

• Select an appropriate action to authorise the change, then select Finish.

The wizard closes.

The Nature of Interest section is updated to reflect the change.

• With the necessary changes made for Patricia Ann, select Save.

The changes made are saved against the record and the view returns to the Summary detail screen for the Beneficial Owner.

If a Beneficial Ownership Register is run at this point, Patricia Ann is listed as one of the Beneficial Owners in it.