Article 56 Notifications

Each Member State shall notify to the Commission by 10 October 2027 a list of the types of legal entities existing under its national law with beneficial ownersmeans any natural person who ultimately owns or controls a legal entity or an express trust or similar legal arrangement; identified in accordance with Article 51 and Article 52(4). That notification shall include the specific categories of entities, description of characteristics and, where applicable, legal basis under the national law of the Member State concerned. It shall also include an indication of whether, due to the specific form and structures of legal entities other than corporate entities, the mechanism under Article 63(4) applies, accompanied by a detailed justification of the reasons for that.

The Commission shall communicate the notification referred to in the first paragraph to other Member States.