Translation of "Wirtschaftlich berechtigter" in English

Beneficial shareholders will have their accounts automatically adjusted.

It is not, however, apparent to the credit institution whether the beneficial owner concealed behind the account holder is one individual or several.

Who is the economic beneficiary?

The information about the nature and scope of the economic interest shall illustrate what makes the person a beneficial owner.

If not, the managing director of D-GmbH is then deemed the economic beneficiary. This does not need to be notified to the Transparency Register, however, since this is already evident from the Commercial Register.

Sentis' beneficial owner is the Russian billionaire Petr Kondrashev who was included in the CAASTA report by the US Department of the Treasury.

According to the law, the final beneficiary is an individual who directly or through other persons has at least 25 percent of the share capital of the legal entity or, independently of such participation, directly or indirectly (e.g. through other persons) has a significant influence on the relevant legal entity.

The tasks included, amongst other issues, the development of risk models, definition of parameters and risk measures setting, scoring of direct retail/corporate customers, evaluation of correspondence banking relations, pass through clients, consideration of beneficial owners, political exposed persons (PEPs) as well as case management and execution of customer due diligence processes for new / existing clients and training.

The economic beneficiary is the natural person who owns or controls the association.

Swiss and foreign banks, securities brokers and companies acting on their behalf may be entered in the share register as nominees if they are holding shares of Swiss Life Holding in their custody for the account of the beneficial owners.

For the purposes of this definition, "control" means (i) the power, direct or indirect, to cause the direction or management of such entity, whether by contract or otherwise, or (ii) ownership of fifty percent (50%) or more of the outstanding shares, or (iii) beneficial ownership of such entity.

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 trustor, trustee, board member of a foundation or beneficiary of this shaping of law or incorporated foundation.

The association must collect information on who the beneficial owners are. In practice this is up to the association’s managing directors, board members or authorized representatives. They must collect and keep up-to-date that information and inform the registering authority immedeately of any changes that occur. Violations of this obligation will be subject to delicate fines.

A beneficial owner is any natural person holding directly or indirectly more than 25% of the share capital or controlling more than 25% of the voting rights or controlling the company in a comparable manner (§ 3 MLA).

In the case of legal entities and incorporated companies, the following applies: a beneficial owner is any natural person who (1) holds more than 25 % of the capital shares, or (2) controls more than 25 % of the voting rights, or exercises comparable control over the company.

A person can constitute a higher risk, whether as a customer, controlling owner, beneficial owner or as a representative.

If you are a beneficial shareholder and you wish to attend the Meeting and vote your shares in person, you must provide YOUR NAME as the proxy appointee on the voting form provided by the Intermediary and return the voting form to the Intermediary as directed.

The 100 % shareholder of Renova Holding Ltd. is TZ Columbus Services Ltd., Pasea Estate, Road Town, Tortola, British Virgin Island, as trustee of the Columbus Trust, a trust established under the laws of Cayman Islands, whose ultimate beneficiary is Mr. Victor F. Vekselberg, Moscow, Russia, and Zurich, Switzerland.

It is becoming ever harder to attain legitimate economic objectives.

Irrespective of their legal form or shareholding quota, actual companies cannot be economic beneficiaries.

Applications shall demonstrate a legitimate economic interest and describe the amendments sought and the justification therefore.

We have a legitimate business interest in sending advertising by post or email to our customer base.

We have a legitimate business interest in the analysis of customer surveys conducted via contact form.

Member States shall ensure that any person from a WTO member country or a third country recognised under the procedure provided for in Article 12(3) who can demonstrate a legitimate economic interest is authorised to consult the application.

The competent authorities shall take due account of the respect of confidentiality of commercial or industrial information where such confidentiality is provided for by Union or national law to protect a legitimate economic interest, in particular concerning the designation of the genetic resources and the designation of utilisation.

Publicly available information contained in the EU database should contribute to protecting public health and fostering the innovation capacity of European medical research, while recognising the legitimate economic interests of sponsors.

If disclosure would adversely affect the confidentiality of commercial or industrial information of the organisation where such confidentiality is provided for by national or Community law to protect a legitimate economic interest, the organisation may be permitted to index this information in its reporting, e.g. by establishing a baseline year (with the index number 100) from which the development of the actual input/output would appear.