Norway Seeks Speedy Launch of Beneficial Ownership Registry

Norway is seeking feedback on a draft bill that would accelerate the launch of a beneficial owner registry, the finance ministry announced Friday.

The goal is to have a registry of natural persons who ultimately own or control legal entities launched “as quickly as possible,” the ministry wrote in a press release Friday.

• A 2019 legislation establishing the registry is already on the books. But changes are needed to bring the legislation in line with a Nov. 22, 2022, decision of the European Court of Justice that restricted access to beneficial owner information to persons or organizations that can demonstrate ...