Legal briefing

Draft Royal Decree creating the Register of Beneficial Ownership and approving its regulations published


This Legal Briefing analyses the new features of the Draft Royal Decree which creates the Register of Beneficial Ownership and approves its Regulations.

The Spanish pre-legislator, in compliance with the third and fourth additional provisions of Law 10/2010, of 28 April, on the prevention of money laundering and terrorist financing, has approved the Draft Royal Decree by means of which it is planned to create, within the Ministry of Justice, the Register of Beneficial Ownership, a single central register for the entire national territory, which will contain information to identify the beneficial ownership of legal persons, trusts and other similar legal instruments, as well as to approve its Regulations.

This is the culmination of the amendment of Law 10/2010 made by Royal Decree-law 7/2021, of 27 April, transposing European Union directives in the areas of competition, prevention of money laundering, credit institutions, telecommunications, tax, prevention and repair of environmental damage, posting of workers in the framework of the provision of transnational services, and consumer protection, which transposed, among others, the so-called Fourth and Fifth Directives.

The entire content of the Legal Briefing can be found in the PDF.