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Ensuring compliance of data in the RCS and RBE and strengthening the control system

Luxembourg Business Registers (LBR) has announced the implementation of new measures aimed at sustainably improving the quality, accuracy and timeliness of the information entered in the Trade and Companies Register (RCS) and the Register of Beneficial Owners (RBE).
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Le LBR will inform companies and associations, where appropriate, that an update is required. This information will be sent either by e-mail, by post or by hand. Please be vigilant! We invite you to update it yourself as soon as possible or to send us the communication received from the authorities if you would like us to take care of it.

If compliance is not achieved, formal proceedings may be initiated in a second phase. In this context, LBR will progressively apply the following administrative measures and sanctions, as provided for by law:
- public mention of the breaches in the file of the person or entity concerned, which can be consulted on the LBR website; ;
- issuing extracts and certificates showing the breaches observed; ;
- application of a daily penalty payment of €40, up to a maximum of €3,600; ;
- automatic removal from the file, without dissolution or loss of legal personality ;
- referral of the case to the public prosecutor, as a last resort.
For more information, please visit the Press release from the Ministry of Justice.

Please do not hesitate to contact us should you require any further information.

The Luxconcept team

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