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Industry Notice
Beneficial Ownership Regulations and Guidance Notes
10 June 2026
TO: All Industry Stakeholders,
Further to previous communications concerning the implementation of the Beneficial Ownership Act 2025, please find attached the latest draft Beneficial Ownership Regulations and revised draft Guidance Notes.
These documents are being circulated as an interim measure pending the anticipated legislative amendments scheduled for early July.
As previously advised, the commencement of enforcement action has been deferred until 31 August 2026.
Stakeholders should note that the attached documents reflect the current Beneficial Ownership Act 2025 and the current draft Regulations. Further revisions are anticipated in the coming weeks, including—
- amendments to the Act and related amendments to the Regulations;
- proposed exemption orders relating to trusts and funds and associated amendments to the Regulations; and
- amendments to the Regulations relating to legitimate interest access.
Accordingly, the attached documents should be regarded as an interim version intended to assist with implementation and filing preparations pending finalisation of the next phase of legislative amendments.
At this stage, the documents are being provided for information purposes only.
We will provide further updates as the legislative programme progresses.
Beneficial Ownership Regulations 2026
Beneficial Ownership Guidance Notes
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