{"id":2382,"date":"2017-06-27T13:02:11","date_gmt":"2017-06-27T11:02:11","guid":{"rendered":"http:\/\/honert-sy.sygnal.de\/?p=2382\/"},"modified":"2017-12-06T11:36:20","modified_gmt":"2017-12-06T09:36:20","slug":"the-new-transparency-register","status":"publish","type":"post","link":"https:\/\/honert.de\/en\/the-new-transparency-register\/","title":{"rendered":"THE NEW TRANSPARENCY REGISTER"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_section-6d8e29337fdd87ef7327b46eb1b48c39\">\n.avia-section.av-av_section-6d8e29337fdd87ef7327b46eb1b48c39{\nbackground-repeat:no-repeat;\nbackground-image:url(https:\/\/honert.de\/wp-content\/uploads\/3629.jpg);\nbackground-position:0% 0%;\nbackground-attachment:scroll;\n}\n<\/style>\n<div id='av_section_1'  class='avia-section av-av_section-6d8e29337fdd87ef7327b46eb1b48c39 main_color avia-section-default avia-no-shadow  avia-builder-el-0  el_before_av_section  avia-builder-el-first  hide_on_print avia-full-stretch avia-bg-style-scroll av-minimum-height av-minimum-height-40 av-height-40  container_wrap sidebar_right'  data-section-bg-repeat='stretch' data-av_minimum_height_pc='40' data-av_min_height_opt='40'><div class='container av-section-cont-open' ><main  role=\"main\" itemprop=\"mainContentOfPage\"  class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-2382'><div class='entry-content-wrapper clearfix'>\n<\/div><\/div><\/main><!-- close content main element --><\/div><\/div><div id='av_section_2'  class='avia-section av-av_section-d18d8c2c81d10022ebd21ffa95322c35 main_color avia-section-default avia-no-shadow  avia-builder-el-1  el_after_av_section  avia-builder-el-last  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-2382'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_two_third-9497bbf8bff73ea4c6992cc17fa9ec36\">\n.flex_column.av-av_two_third-9497bbf8bff73ea4c6992cc17fa9ec36{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-av_two_third-9497bbf8bff73ea4c6992cc17fa9ec36 av_two_third  avia-builder-el-2  el_before_av_two_third  avia-builder-el-first  first flex_column_div av-zero-column-padding  '     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_heading-e085fca80575d4f95acc3fe965256686\">\n#top .av-special-heading.av-av_heading-e085fca80575d4f95acc3fe965256686{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-av_heading-e085fca80575d4f95acc3fe965256686 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-av_heading-e085fca80575d4f95acc3fe965256686 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-av_heading-e085fca80575d4f95acc3fe965256686 av-special-heading-h1 blockquote modern-quote  avia-builder-el-3  avia-builder-el-no-sibling '><div class='av-subheading av-subheading_above'>27. June 2017\n<\/div><h1 class='av-special-heading-tag '  itemprop=\"headline\"  >THE NEW TRANSPARENCY REGISTER<\/h1><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_two_third-9497bbf8bff73ea4c6992cc17fa9ec36\">\n.flex_column.av-av_two_third-9497bbf8bff73ea4c6992cc17fa9ec36{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-av_two_third-9497bbf8bff73ea4c6992cc17fa9ec36 av_two_third  avia-builder-el-4  el_after_av_two_third  el_before_av_two_third  first flex_column_div av-zero-column-padding  column-top-margin'     ><section  class='av_textblock_section av-av_textblock-35972167d9f102c5ddaec0c531c98b9e '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>The transparency register is expected to be available online on 27 December 2017 as a new electronic register in addition to existing registers such as the commercial register. The transparency register will contain and make available to third parties information about the \u201cbeneficial owner\u201d of legal entities under private law (e.g. GmbH) and registered partnerships (e.g. GmbH &amp; Co. KG) as well as trusts and legal arrangements similar to trusts. Any notifications about the current status have to be made to the transparency register until 1 October 2017 in order to ensure that it can go online as scheduled on 27 December 2017.<\/strong><!--more--><\/p>\n<\/div><\/section><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_two_third-9497bbf8bff73ea4c6992cc17fa9ec36\">\n.flex_column.av-av_two_third-9497bbf8bff73ea4c6992cc17fa9ec36{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-av_two_third-9497bbf8bff73ea4c6992cc17fa9ec36 av_two_third  avia-builder-el-6  el_after_av_two_third  el_before_av_one_third  first flex_column_div av-zero-column-padding  column-top-margin'     ><section  class='av_textblock_section av-av_textblock-35972167d9f102c5ddaec0c531c98b9e '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h2>I. The term \u201cbeneficial owner\u201d<\/h2>\n<p>The introduction of an electronic transparency register is a <span class=\"bold-lowercase\">central tool for enhancing transparency in business transactions<\/span> in order to reduce in particular \u201ccorporate structures which lack transparency\u201d \u2013 as stated in the official justification for the new money-laundering act which came into effect on 26 June 2017. Therefore, <span class=\"bold-lowercase\">particular information<\/span> about the \u201cbeneficial owner\u201d of <span class=\"bold-lowercase\">legal entities under private law<\/span> (e.g. GmbH) and <span class=\"bold-lowercase\">registered partnerships<\/span> (e.g. GmbH &amp; Co. KG, so-called corporate entities) as well as <span class=\"bold-lowercase\">trusts and legal arrangements similar to trusts<\/span> (so-called legal arrangements) is entered into the register and made available to certain third parties.<br \/>\nThe legal basis of the transparency register is the GWG by which the 4th EU Anti-Money Laundering Directive has been implemented into German law. The aim of the GWG is to effectively fight against corruption and money laundering as well as to create more transparency in business transactions. The beneficial owner of legal persons and other entities which are not listed on a regulated market according to the German Securities Trading Act (WpHG) is defined in the new GwG as \u201c<em>any natural person who directly or indirectly holds 1. more than <span class=\"bold-italic-lowercase\">25 % of the capital shares,<\/span> 2. controls more than <span class=\"bold-italic-lowercase\">25 % of the voting rights<\/span> or 3. exercises control in a comparable manner.<\/em>\u201d In summary the new GWG is based on the interpretation of corporate law regarding controlling influence.<br \/>\nRegarding foundations with legal capacity and legal arrangements by which assets are held in trust, managed, distributed or the management or distribution is commissioned by third parties, or similar legal arrangements, the beneficial owner includes, inter alia, \u201c<em>1. any natural person who acts as trustor or trustee [\u2026], 2. any natural person who is board member of the foundation, 3. any natural person who is appointed as beneficiary, 4. [\u2026] and 5. any natural person who directly or indirectly has controlling influence on the asset management or profit distribution in any other manner<\/em>\u201d.<\/p>\n<h2>II. Information about the beneficial owner in the transparency register<\/h2>\n<p>The <span class=\"bold-lowercase\">information in the transparency register<\/span> about the beneficial owner have to include:<\/p>\n<ul>\n<li>first name and surname<\/li>\n<li>date of birth<\/li>\n<li>place of residence<\/li>\n<li>nature and scope of economic interest.<\/li>\n<\/ul>\n<p>The information about nature and scope of economic interest shall indicate the basis from which the position as a beneficial owner results.<br \/>\nRegarding legal entities under private law and registered partnerships the position as beneficial owner results from:<\/p>\n<ul>\n<li>the participation in the entity, in particular, the amount of capital shares or voting rights,<\/li>\n<li>exercising control in any other manner, in particular due to agreements between a third party and a shareholder or between several shareholders or due to authority granted to a third party to appoint legal representatives or other executive bodies or from<\/li>\n<li>acting as a legal representative, managing shareholder or partner.<\/li>\n<\/ul>\n<p>In the case of legal arrangements (trusts and legal arrangements similar to trusts) and foundations with legal capacity the position of the beneficial owner results from acting as a <span class=\"bold-lowercase\">trustor, trustee, board member<\/span> of a foundation or <span class=\"bold-lowercase\">beneficiary<\/span> of this shaping of law or incorporated foundation.<\/p>\n<h2>III. Transparency and reporting obligations towards the transparency register<\/h2>\n<p>The <span class=\"bold-lowercase\">obligation to report<\/span> to the transparency register primarily concerns the <span class=\"bold-lowercase\">legal representatives<\/span> of legal entities and registered partnerships. The transparency obligation also concerns trustees of trusts and trustees of certain legal arrangements similar to trusts based in Germany.<br \/>\nThese obliged persons have to gather the above-mentioned information about the beneficial owners (usually from their shareholders), to store them, to keep them up to date and to <span class=\"bold-lowercase\">disclose them to the transparency register<\/span> without undue delay. The first-time notifications to the transparency register have to be made by 1 October 2017. Any amendments made later on also have to be disclosed without undue delay.<\/p>\n<h2>IV. Subsidiarity of the transparency register<\/h2>\n<p>The obligation to report to the transparency register is deemed to be fulfilled if all information required about the beneficial owner becomes apparent from other electronic public registers. The GwG-E explicitly names the commercial register, the partnership register, the register of cooperatives, the register of associations and the companies register. With regard to companies noted on an organized stock market within the meaning of the WpHG the obligation to report to the transparency register is always deemed to be fulfilled.<br \/>\nThe new transparency register has merely the <span class=\"bold-lowercase\">purpose of a collective register<\/span> which only contains information if this information is not already contained in the above-mentioned publicly accessible registers. The idea is to \u201clink\u201d the transparency register and the registers already existing in order to ensure a connection between the registers and in this way <span class=\"bold-lowercase\">avoid double reporting and reduce the administrative burden for legal entities affected.<\/span> The official justification cites the following example: \u201c<em>If it already becomes apparent from the list of shareholders of a limited company submitted to the commercial register that it has three natural persons as shareholders with each holding more than 25% of the company\u2019s shares, no further actions by the parties affected by the obligation to report are required. However, an obligation to report was given if there is a trustor behind the shareholder, who would not become apparent by the publicly accessible registers, which means that the shareholder has to disclose the trustor<\/em>\u201d. The official justification also states \u201c<em>If the legal representatives are not sure if their obligation to report is fulfilled or not, they may report information to the transparency register about their beneficial owner(s) \u2013 over-fulfilment will not have a detrimental effect.<\/em>\u201d<\/p>\n<h2>V. Access to the transparency register<\/h2>\n<p>Contrary to the original plans by some political circles, there is <span class=\"bold-lowercase\">no free unlimited access \u201cfor anybody\u201d<\/span> to the new transparency register. Instead, the transparency register is only accessible for particular authorities (if and to the extent required for their statutory tasks), any obliged party due to the German Money Laundering Act (in order to fulfill their statutory due diligence obligation) as well as \u201canybody who can state to the body keeping the register that he has reasonable interest in the access\u201d. According to the official justification for the GwG-E, any other person asking for access has to state \u201creasonable interest justified by the circumstances\u201d in line with the term \u201clegitimate interest\u201d used in \u00a7 12 of the German Land Register Law (GBO). According to the official justification a <span class=\"bold-lowercase\">legitimate interest<\/span> is given if \u201ccomprehensible reference is made to the prevention of and fight against money laundering and related previous crimes such as corruption and terrorist funding\u201d. According to the official justification for the new GwG \u201cspecialized journalists\u201d and \u201cNGOs\u201d are explicitly considered persons with potentially legitimate interest. Any access requires a previous <span class=\"bold-lowercase\">online-registration<\/span> and is charged <span class=\"bold-lowercase\">with a fee.<\/span><\/p>\n<h2>VI. Enforcement and Legal Consequences<\/h2>\n<p>In order to effectively implement the directives of the new law, infringements will be <span class=\"bold-lowercase\">penalized in a stronger manner. Non-compliance with disclosing obligations to the transparency register will be fined.<\/span> There will be a three-level system for fines: level one is the current upper fine limit in the amount of EUR 100,000.00. Level two is a significantly increased fine level for serious, repeated and systematic violations, that is, twice the amount of the economic benefit gained by the infringement or a maximum of EUR 1,000,000.00. On the third level fines in the amount of a maximum of EUR 5,000,000.00 or 10 % of the turnover may be imposed on particular parties obliged to report (especially credit and financial institutions). Besides, the parties affected will be publicly \u201cshamed\u201d. The supervisory authorities will publish future final measures and non-appealable decisions on their homepage after informing the addressee. The publication has to remain on the website of the supervisory authority for five years.<\/p>\n<\/div><\/section><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_one_third-9deae2ff43582e0bccfb02cb654e15bd\">\n.flex_column.av-av_one_third-9deae2ff43582e0bccfb02cb654e15bd{\nborder-radius:0px 0px 0px 0px;\npadding:7px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-av_one_third-9deae2ff43582e0bccfb02cb654e15bd av_one_third  avia-builder-el-8  el_after_av_two_third  avia-builder-el-last  sy-only-desktop hide_on_print flex_column_div  column-top-margin'     ><p><div  class='avia-builder-widget-area clearfix  avia-builder-el-9  el_before_av_textblock  avia-builder-el-first '><section id=\"categories-3\" class=\"widget clearfix widget_categories\"><h3 class=\"widgettitle\">Newsletter issues<\/h3>\n\t\t\t<ul>\n\t\t\t\t\t<li class=\"cat-item cat-item-272\"><a href=\"https:\/\/honert.de\/en\/category\/2026-q1\/\">2026 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-267\"><a href=\"https:\/\/honert.de\/en\/category\/2025-q4-en\/\">2025 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-265\"><a href=\"https:\/\/honert.de\/en\/category\/2025-q3-en\/\">2025 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-263\"><a href=\"https:\/\/honert.de\/en\/category\/2025-q2-en\/\">2025 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-261\"><a href=\"https:\/\/honert.de\/en\/category\/2025-q1-en\/\">2025 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-254\"><a href=\"https:\/\/honert.de\/en\/category\/2024-q4-en\/\">2024 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-250\"><a href=\"https:\/\/honert.de\/en\/category\/2024-q3-en\/\">2024 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-242\"><a href=\"https:\/\/honert.de\/en\/category\/2024-q2-en\/\">2024 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-238\"><a href=\"https:\/\/honert.de\/en\/category\/2024-q1-en\/\">2024 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-227\"><a href=\"https:\/\/honert.de\/en\/category\/2023-q4-en\/\">2023 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-208\"><a href=\"https:\/\/honert.de\/en\/category\/2023-q2-en\/\">2023 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-206\"><a href=\"https:\/\/honert.de\/en\/category\/2023-q1-en\/\">2023 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-193\"><a href=\"https:\/\/honert.de\/en\/category\/2022-q4-en\/\">2022 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-184\"><a href=\"https:\/\/honert.de\/en\/category\/2022-q3-en\/\">2022 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-182\"><a href=\"https:\/\/honert.de\/en\/category\/2022-q2-en\/\">2022 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-177\"><a href=\"https:\/\/honert.de\/en\/category\/2022-q1-en\/\">2022 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-175\"><a href=\"https:\/\/honert.de\/en\/category\/2021-q4-en\/\">2021 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-173\"><a href=\"https:\/\/honert.de\/en\/category\/2021-q3-en\/\">2021 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-171\"><a href=\"https:\/\/honert.de\/en\/category\/2021-q2-en\/\">2021 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-169\"><a href=\"https:\/\/honert.de\/en\/category\/2021-q1-en\/\">2021 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-167\"><a href=\"https:\/\/honert.de\/en\/category\/2020-q4-en\/\">2020 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-162\"><a href=\"https:\/\/honert.de\/en\/category\/2020-q3-en\/\">2020 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-160\"><a href=\"https:\/\/honert.de\/en\/category\/2020-q2-en\/\">2020 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-158\"><a href=\"https:\/\/honert.de\/en\/category\/2020-q1-en\/\">2020 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-156\"><a href=\"https:\/\/honert.de\/en\/category\/2019-q4-en\/\">2019 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-150\"><a href=\"https:\/\/honert.de\/en\/category\/2019-q3-en\/\">2019 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-138\"><a href=\"https:\/\/honert.de\/en\/category\/2019-q2-en\/\">2019 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-140\"><a href=\"https:\/\/honert.de\/en\/category\/2019-q1-en\/\">2019 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-144\"><a href=\"https:\/\/honert.de\/en\/category\/2018-q4-en\/\">2018 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-146\"><a href=\"https:\/\/honert.de\/en\/category\/2018-q3-en\/\">2018 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-136\"><a href=\"https:\/\/honert.de\/en\/category\/2018-q2-en\/\">2018 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-128\"><a href=\"https:\/\/honert.de\/en\/category\/2018-q1-en\/\">2018 Q1<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-126\"><a href=\"https:\/\/honert.de\/en\/category\/2017-q4-en\/\">2017 Q4<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-116\"><a href=\"https:\/\/honert.de\/en\/category\/2017-q3-en\/\">2017 Q3<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-114\"><a href=\"https:\/\/honert.de\/en\/category\/2017-q2-en\/\">2017 Q2<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-142\"><a href=\"https:\/\/honert.de\/en\/category\/deals-en\/\">Deal Announcements<\/a>\n<\/li>\n\t<li class=\"cat-item cat-item-58\"><a href=\"https:\/\/honert.de\/en\/category\/uncategorized\/\">Uncategorized<\/a>\n<\/li>\n\t\t\t<\/ul>\n\n\t\t\t<span class=\"seperator extralight-border\"><\/span><\/section><\/div><br \/>\n<section  class='av_textblock_section av-av_textblock-35972167d9f102c5ddaec0c531c98b9e '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h2>More information on this topic<\/h2>\n<ul class=\"sy-list-margin\">\n<li><a href=\"\/?page_id=1717\">Mergers &amp; Acquisitions (M&amp;A)<\/a><\/li>\n<li><a href=\"\/?page_id=1758\">Corporate Law<\/a><\/li>\n<li><a href=\"\/?page_id=1762\">Capital Market Law<\/a><\/li>\n<li><a href=\"\/?page_id=1768\">Financing<\/a><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_hr-fb479b19f087d3def54096c70f7e0968\">\n#top .hr.hr-invisible.av-av_hr-fb479b19f087d3def54096c70f7e0968{\nheight:8px;\n}\n<\/style>\n<div  class='hr av-av_hr-fb479b19f087d3def54096c70f7e0968 hr-invisible  avia-builder-el-11  el_after_av_textblock  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-av_textblock-35972167d9f102c5ddaec0c531c98b9e '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h2>Downloads<\/h2>\n<p><a href=\"#\" onclick=\"window.print();return false\">Print<\/a><br \/>\n\n\n\n\t<div class=\"dkpdf-button-container\" style=\" text-align:left \">\n\n\t\t<a class=\"dkpdf-button\" href=\"\/en\/wp-json\/wp\/v2\/posts\/2382?pdf=2382\" target=\"_blank\"><span class=\"dkpdf-button-icon\"><i class=\"fa fa-file-pdf-o\"><\/i><\/span> Download (PDF)<\/a>\n\n\t<\/div>\n\n\n\n\n\n<\/p>\n<\/div><\/section><\/p><\/div>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='after_section_2'  class='main_color av_default_container_wrap container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-2382'><div class='entry-content-wrapper clearfix'>\n","protected":false},"excerpt":{"rendered":"<p>The transparency register is expected to be available online on 27 December 2017 as a new electronic register in addition to existing registers such as the commercial register. The transparency register will contain and make available to third parties information about the \u201cbeneficial owner\u201d of legal entities under private law (e.g. GmbH) and registered partnerships [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"mc4wp_mailchimp_campaign":[],"footnotes":""},"categories":[114],"tags":[],"class_list":["post-2382","post","type-post","status-publish","format-standard","hentry","category-2017-q2-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/posts\/2382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/comments?post=2382"}],"version-history":[{"count":13,"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/posts\/2382\/revisions"}],"predecessor-version":[{"id":3010,"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/posts\/2382\/revisions\/3010"}],"wp:attachment":[{"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/media?parent=2382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/categories?post=2382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/honert.de\/en\/wp-json\/wp\/v2\/tags?post=2382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}