Group Water Schemes and Beneficial Ownership – Filing Reguirements

Your Group Water Scheme (GWS) may have recently received correspondence from the Irish Cooperative Organisation Society Limited (ICOS) or the Companies Registration Office (CRO) in relation to the Register of Beneficial Owners being established by the State. Recent European Union antimoney laundering directives have been transposed into Irish law requiring all co-operatives and companies, including GWSs, to register their beneficial owners on this new register. GWSs are already legally required to establish an internal record of beneficial owners, but following this recent change in legislation, the information must now also be registered on the States central online register at https://rbo.gov.ie/.

To view NFGWS advice note on the RBO and the GWS requirements, click here.

To view ICOS note from 11 July 2019, click here.