Entities listed in the register of end beneficiaries under the Public Procurement Act were required to update their information in the Public Sector Partner Register by July 31, 2017, at the latest. Find out what the consequences are for failing to meet this obligation and how to proceed with verifying the identification of the end user of benefits.
Persons listed in the register of beneficial owners under the Public Procurement Act are considered public sector partners listed in the register of public sector partners; but they are required to ensure the verification of the identification of the ultimate beneficiary in accordance with the Act on the Register of Public Sector Partners and to submit an application for registration for the purpose of harmonizing the recorded data by July 31, 2017, at the latest. Failure to comply with this obligation is grounds for the removal of the public sector partner from the register.
Author: Law Firm of JUDr. Róbert Hronček, s.r.o. (www.partnerverejnehosektora.sk)
