![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpnAS4i3fxI_Fx4Mzf4zOPD5hEo9jQg2y0KDPFRDaoRCsaQ-wN0i7zIxf0wI4EVNRiWC9uMx1pdPFTcgnNco0Wg6XGJuJyMoS8gH-mAB_8Rtk8bK3jsV8hS4w3Iw8TjVlsDNaldQtYGnH4/s1600/isleofman.gif)
The Beneficial Ownership Act 2017 received
Royal Assent last month. The Act - available
here (
pdf) - replaces the Companies (Beneficial Ownership) Act 2012 (
here,
pdf). An overview of the new Act is available
here. In very general terms, the Act sets out the framework whereby details of those controlling more than 25% of the beneficial ownership of a company are held in the Isle of Man database of beneficial ownership.
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