EU regulatory register · AMLR
Article 58Identification of beneficial owners for express trusts and similar legal arrangements
CELEX 32024R1624 · Read on 2026-08-22
Official text
Read from the EU Publications Office for this CELEX number. The wording stands as published; nothing here is rewritten or summarised.
1. The beneficial owners of express trusts shall be all the following natural persons:
(a)
the settlors;
(b)
the trustees;
(c)
the protectors, if any;
(d)
the beneficiaries, unless Article 59 or 60 applies;
(e)
any other natural persons exercising ultimate control over the express trust by means of direct or indirect ownership or by other means, including through a chain of control or ownership.
2. The beneficial owners of other legal arrangements similar to express trusts shall be the natural persons holding equivalent or similar positions to those referred to in paragraph 1.
3. Where legal arrangements belong to multi-layered control structures and where any of the positions listed in paragraph 1 is held by a legal entity, the beneficial owners of the legal arrangement shall be:
(a)
The article continues in the official text.
The text is quoted from the official source and is not legal advice. A national court reads the language version that binds in its jurisdiction.
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