2. Record of beneficial owners
(1) Each ADGM Person must keep a record of the required particulars of its beneficial owners in a record referred to in these Regulations as the “record of beneficial owners”.
(2) Where the ADGM Person is existing at the time of the enactment of these Regulations, the ADGM Person must ensure that its record of beneficial owners is established no later than ninety (90) days after the date of enactment of these Regulations.
(3) Where the ADGM Person comes into existence after the date of enactment of these Regulations, the ADGM Person must ensure that a record of beneficial owners is established in accordance with that ADGM Person’s rules of formation.
(4) Section 363 of the Companies Regulations shall apply in respect of the record of beneficial owners and the manner in which it is kept and made available for inspection. Such section shall apply irrespective of whether the beneficial owner is a company subject to the Companies Regulations.
(5) The “required particulars” means,
(a) in respect of a natural person:
(i) full name, including any former names;
(ii) country of residence;
(iii) date of birth;
(vi) the date on which that person became a beneficial owner; and
(vii) the grounds on which that person is considered to be a beneficial owner; and
(b) in respect of an ADGM Person who is not a natural person:
(i) registered name;
(ii) registered address;
(iii) registration number (or equivalent);
(iv) country of registration; and
(v) the date on which that person became a beneficial owner.
(6) If an ADGM Person has ascertained that there are no persons who meet the criteria for beneficial owners in relation to that ADGM Person, he must:
(a) record that fact in the record of beneficial owners; and
(b) deliver to the Registrar:
(i) a true, accurate, complete and up-to-date copy of its register of members; and
(ii) such further information as the Registrar reasonably considers necessary to confirm that there are no persons who meet the criteria for beneficial owners in relation to that ADGM Person