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New advice for businesses on company ownership laws

An Island regulator has released new advice after laws to make it easier to identify who owns and controls companies came into force.

The Financial Services Authority has published advice about changes to Manx corporate transparency laws. 

Updates to legislation are designed to improve the information held on the Island's database of beneficial ownership.

The new rules come into force on Tuesday, September 15 - you can find a link to the guide here.

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