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Guidance Note for Board Members l Identification of the Beneficial Owner(s) for the Purposes of Filing with the RBE with respect to Orphan Securitisation Vehicles

Best Practice - UBO Identification & KYC Working Group
25 January 2023 by
Guidance Note for Board Members l Identification of the Beneficial Owner(s) for the Purposes of Filing with the RBE with respect to Orphan Securitisation Vehicles
LuxCMA - Luxembourg Capital Markets Association

Our Best Practice I UBO identification & KYC sub-group has been working over the last few months on the preparation of a guidance note on the identification of the beneficial owner(s) for the purposes of filing with the RBE with respect to orphan securitisation vehicles.

This paper addresses the question of who should be reported as the Ultimate Beneficial Owner (“UBO”) or Controller of a Financial Vehicle Corporation and aims to provide guidance on the steps to be taken in this process.