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Recital 33

Recital 33

(33)In order to increase transparency, facilitate access to company information and create more connected public administrations on a cross-border basis in the internal market, it is important to connect the already-functioning, Union-level systems of interconnection that hold important company information. Therefore, the system of interconnection of registers (BRIS) should be connected with the Beneficial Ownership Registers Interconnection System (BORIS), established by Directive (EU) 2015/849 of the European Parliament and of the Council 13 as amended by Directive (EU) 2018/843 of the European Parliament and of the Council 14 , which links national central registers containing information on the beneficial owners of companies and other legal entities, trusts and other types of legal arrangements, and with the Insolvency Registers Interconnection system (IRI) established in accordance with Regulation (EU) 2015/848 of the European Parliament and of the Council 15 . The EUID should be used to link the information about a particular company across those systems. However, such connection between the systems should not affect the rules and requirements regarding the access to information set out under the relevant frameworks establishing those registers and interconnections. That means, for example, that a user of BRIS should only be able to access BORIS if that user is entitled to access BORIS under its respective rules and requirements.

  1. 14 Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018 amending Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, and amending Directives 2009/138/EC and 2013/36/EU ( OJ L 156, 19.6.2018, p. 43 ). ↩
  2. 13 Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, amending Regulation (EU) No 648/2012 of the European Parliament and of the Council, and repealing Directive 2005/60/EC of the European Parliament and of the Council and Commission Directive 2006/70/EC ( OJ L 141, 5.6.2015, p. 73 ). ↩
  3. 15 Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings ( OJ L 141, 5.6.2015, p. 19 ). ↩
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