Section 9: Information on beneficial owners

The following are required to obtain and keep accurate and up-to-date information on their beneficial owners as defined in Article L. 561-2-2 : 1° Where they are established on French territory in accordance with Article L. 123-11 of the Commercial Code, the companies and entities mentioned in 2°, 3° and 5° of I of Article L. 123-1 of the same code, other than companies whose securities are admitted to trading…

At the request of the company or entity referred to in 1° to 3° of Article L. 561-45-1, the beneficial owner shall provide it with all the information required to comply with the obligation referred to in the first paragraph of the same article. This information shall be provided by the beneficial owner within a period set by decree in the Conseil d’Etat. Where this time limit is not respected,…

The companies and entities referred to in 1° of Article L. 561-45-1 shall declare to the Trade and Companies Register, through the intermediary of the body referred to in the second paragraph of Article L. 123-33 of the Commercial Code, the information relating to the beneficial owners. This information concerns the identification details and personal domicile of these beneficiaries as well as the terms and conditions of the control they…

The Registrar of the Commercial Court shall check that the information relating to the beneficial owner mentioned in the first paragraph of L. 561-46 is complete and complies with the legal and regulatory provisions, corresponds to the supporting documents and documents filed in the appendix and is compatible, in the case of an application for amendment or deletion, with the status of the file. The information referred to in the…

The persons referred to in Article L. 561-2 and, insofar as this is part of the normal exercise of their controls, the authorities referred to in I of Article L. 561-36, shall report to the Registrar of the Commercial Court any discrepancy they observe between the information recorded in the register of beneficial owners referred to in Article L. 561-46 and the information on beneficial owners available to them, including…

The President of the Court, on his own initiative or at the request of the Public Prosecutor or any person demonstrating an interest, may enjoin, if necessary subject to a fine, any company or legal entity mentioned in the first paragraph of Article L. 561-46 to declare or have declared the information relating to the beneficial owner, or to rectify this information where it is inaccurate or incomplete. If the…

The detailed rules for the application of this section shall be determined by decree in the Conseil d’Etat.