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Recital 52

Recital 52

(52)Moreover, with the aim of ensuring a proportionate and balanced approach and to guarantee the rights to private life and personal data protection, Member States should provide for exemptions to the disclosure of the personal information on the beneficial owner through the central registers and to access to such information, in exceptional circumstances, where that information would expose the beneficial owner to a disproportionate risk of fraud, kidnapping, blackmail, extortion, harassment, violence or intimidation. It should also be possible for Member States to require online registration in order to identify any person who requests information from the central register, as well as the payment of a fee for access to the information in the register by persons with legitimate interest. However, those fees should be strictly limited to what is necessary to cover the costs of ensuring the quality of the information held in the central registers and of making the information available, and should not undermine the effective access to beneficial ownership information.

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