The document discusses European initiatives to improve cross-border data exchange between business registers, including the development of a European Unique Identifier (EUID) and promotion of the Legal Entity Identifier (LEI). It describes technical solutions being developed in Europe like the e-CODEX project, which aims to improve legal and judicial cooperation across borders through interoperable systems. The presentation provides an overview of these identification standards and interconnection efforts, emphasizing the goal of facilitating synchronous exchange of company information between European business registers.
Newsletter LPA Legal Albania - November - 2018Oltjan Hoxholli
Law 67/2018 For an Amendment to Law No. 55/2015 "On Strategic Investments In The Republic Of Albania"
Adhering into the Lisbon Agreement for the Protection of Appellations of Origin and their International Registration
Open tender on the construction of the professional IT school in Tirana new tender on the disposal of pharmaceutical hospital waste (medicines and expired medical materials) for 2018
Law 67/2018 For an Amendment to Law No. 55/2015 "On Strategic Investments In The Republic Of Albania" Law No. 67/2018, issued on 04.10.2018, published in the Official Gazette No. 152, has amendment Article 36 of Law 55/2015 "On Strategic Investments In The Republic Of Albania" by postponing the Deadline for submitting applications to be categorized as "Strategic Investment" until 31 December 2019.Hereby, we recall that the Purpose of Law
55/2015, is to promote and attract strategic
domestic and foreign investments in those sectors that are identified as strategic sectors in the Law i.e. Energy and
mining; Transport, electronic communications infrastructure and urban waste; Tourism (tourist structures); Agriculture (large agricultural farms) and fisheries; Economic zone; Development priority areas; by introducing special favorable, easing or expediting administrative procedures for supporting and providing services to the investors. Under the provisions of the Law 55/2015, the assessment whether the strategic investment is of public interest or not, is based on the a) investment amount; b) period of investment execution; c) invest
The Presentation is a preliminary comment of The Hague Court decision published on March 6th 2020 aka "SyRI Case". The author considers the possibility to use the Dutch approach to automatic data management in the field of taxation as a possible benchmark for other jurisdictions too.
This is an UNREVISED version and contains some typos and data in need of double check.
A presentation on the UNCITRAL Legislative Guide on Key Principles of a Business Registry. Compilation of best practices. Commentary reflecting practices and steps for optimal approach Legislative recommendations.
Présentation sur processus de changement du système de compilation de la balance des paiements du Maroc.
عرض عن عملية التغيير من نظام بناء لميزان المدفوعات المغرب
This is the presentation used during the January 21st 2019 lecture at the Faculty of Law, Singapore Management University. It is ad adaptation (with some remarkable updates and changes) to the presentation used in the 2017 edition of the TRN conference and already available in my profile. Content has been adapted and some slides removed for confidentiality reasons. Most of the references have to be intended to the Singaporean law.
Legal shorts 21.10.16 including criminal finances bill introduced and mld4Cummings
Welcome to Legal Shorts, a short briefing on some of the week’s developments in the financial services industry.
If you would like to discuss any of the points we raise below, please contact me or one of our other lawyers.
Claire Cummings
020 7585 1406
claire.cummings@cummingslaw.com
www.cummingslaw.com
It is not a surprise that the whole world is getting more and more digital, but it is important to acknowledge, that so are the tax authorities in requirements they now set froth towards taxpayers.
OECD’s model of SAF-T files (followed by Polish JPK, Lux FAIA or Lithuanian i.SAF) and many other forms of more or less standardized types of electronic audit files are currently being required all over Europe. In the other corner huge amount of businesses struggling to make their ERP capturing all transactions in VAT compliant manner.
Feeling lost and overwhelmed with all the mixture of IT and tax regulations? We hope the attached slide deck would give you an overview of the topic.
Newsletter LPA Legal Albania - November - 2018Oltjan Hoxholli
Law 67/2018 For an Amendment to Law No. 55/2015 "On Strategic Investments In The Republic Of Albania"
Adhering into the Lisbon Agreement for the Protection of Appellations of Origin and their International Registration
Open tender on the construction of the professional IT school in Tirana new tender on the disposal of pharmaceutical hospital waste (medicines and expired medical materials) for 2018
Law 67/2018 For an Amendment to Law No. 55/2015 "On Strategic Investments In The Republic Of Albania" Law No. 67/2018, issued on 04.10.2018, published in the Official Gazette No. 152, has amendment Article 36 of Law 55/2015 "On Strategic Investments In The Republic Of Albania" by postponing the Deadline for submitting applications to be categorized as "Strategic Investment" until 31 December 2019.Hereby, we recall that the Purpose of Law
55/2015, is to promote and attract strategic
domestic and foreign investments in those sectors that are identified as strategic sectors in the Law i.e. Energy and
mining; Transport, electronic communications infrastructure and urban waste; Tourism (tourist structures); Agriculture (large agricultural farms) and fisheries; Economic zone; Development priority areas; by introducing special favorable, easing or expediting administrative procedures for supporting and providing services to the investors. Under the provisions of the Law 55/2015, the assessment whether the strategic investment is of public interest or not, is based on the a) investment amount; b) period of investment execution; c) invest
The Presentation is a preliminary comment of The Hague Court decision published on March 6th 2020 aka "SyRI Case". The author considers the possibility to use the Dutch approach to automatic data management in the field of taxation as a possible benchmark for other jurisdictions too.
This is an UNREVISED version and contains some typos and data in need of double check.
A presentation on the UNCITRAL Legislative Guide on Key Principles of a Business Registry. Compilation of best practices. Commentary reflecting practices and steps for optimal approach Legislative recommendations.
Présentation sur processus de changement du système de compilation de la balance des paiements du Maroc.
عرض عن عملية التغيير من نظام بناء لميزان المدفوعات المغرب
This is the presentation used during the January 21st 2019 lecture at the Faculty of Law, Singapore Management University. It is ad adaptation (with some remarkable updates and changes) to the presentation used in the 2017 edition of the TRN conference and already available in my profile. Content has been adapted and some slides removed for confidentiality reasons. Most of the references have to be intended to the Singaporean law.
Legal shorts 21.10.16 including criminal finances bill introduced and mld4Cummings
Welcome to Legal Shorts, a short briefing on some of the week’s developments in the financial services industry.
If you would like to discuss any of the points we raise below, please contact me or one of our other lawyers.
Claire Cummings
020 7585 1406
claire.cummings@cummingslaw.com
www.cummingslaw.com
It is not a surprise that the whole world is getting more and more digital, but it is important to acknowledge, that so are the tax authorities in requirements they now set froth towards taxpayers.
OECD’s model of SAF-T files (followed by Polish JPK, Lux FAIA or Lithuanian i.SAF) and many other forms of more or less standardized types of electronic audit files are currently being required all over Europe. In the other corner huge amount of businesses struggling to make their ERP capturing all transactions in VAT compliant manner.
Feeling lost and overwhelmed with all the mixture of IT and tax regulations? We hope the attached slide deck would give you an overview of the topic.
Substance as an important element of tax planning and global trends in exchange of information.
CONTENT
-Information exchange: general facts.
-AEOI: brief chronology.
-AEOI: general ideas.
-AEOI: scheme.
-AEOI: specifics.
-Practical example: Cyprus.
-What is “substance” and where does it come from?
-Today`s substance requirements.
-Actions and measures, indicating “substance”.
-Issues to be considered during the obtainment of Cyprus tax residency certificate.
-Questions asked by tax authorities investigating into substance over form.
Multinational digital securities issuance and trading platform based on blockchain technology with EU-compliant financial license.
Committed to helping global companies achieve safe, reliable, fast, and low-cost one-click STO listing.
The CRF Innovation Awards celebrate the spirit of innovation and honours CRF jurisdictions which have successfully put in place world-class initiatives, as well as those which have creatively implemented customised solutions, to make a real difference to their stakeholders. There are two categories of awards: CRF Innovation Award (Excellence) and CRF Innovation Award (Commendation).
The CRF Innovation Awards celebrate the spirit of innovation and honours CRF jurisdictions which have successfully put in place world-class initiatives, as well as those which have creatively implemented customised solutions, to make a real difference to their stakeholders. There are two categories of awards: CRF Innovation Award (Excellence) and CRF Innovation Award (Commendation).
Slovenia - AJPES Digitisation a more transparent non possessory lien rights r...Corporate Registers Forum
The CRF Innovation Awards celebrate the spirit of innovation and honours CRF jurisdictions which have successfully put in place world-class initiatives, as well as those which have creatively implemented customised solutions, to make a real difference to their stakeholders. There are two categories of awards: CRF Innovation Award (Excellence) and CRF Innovation Award (Commendation).
The CRF Innovation Awards celebrate the spirit of innovation and honours CRF jurisdictions which have successfully put in place world-class initiatives, as well as those which have creatively implemented customised solutions, to make a real difference to their stakeholders. There are two categories of awards: CRF Innovation Award (Excellence) and CRF Innovation Award (Commendation).
The CRF Innovation Awards celebrate the spirit of innovation and honours CRF jurisdictions which have successfully put in place world-class initiatives, as well as those which have creatively implemented customised solutions, to make a real difference to their stakeholders. There are two categories of awards: CRF Innovation Award (Excellence) and CRF Innovation Award (Commendation).
The CRF Innovation Awards celebrate the spirit of innovation and honours CRF jurisdictions which have successfully put in place world-class initiatives, as well as those which have creatively implemented customised solutions, to make a real difference to their stakeholders. There are two categories of awards: CRF Innovation Award (Excellence) and CRF Innovation Award (Commendation).
A presentation on the role of data and users in the experience of the Labuan International Business Finance Centre. In particular the registry application.
Monitoring Health for the SDGs - Global Health Statistics 2024 - WHOChristina Parmionova
The 2024 World Health Statistics edition reviews more than 50 health-related indicators from the Sustainable Development Goals and WHO’s Thirteenth General Programme of Work. It also highlights the findings from the Global health estimates 2021, notably the impact of the COVID-19 pandemic on life expectancy and healthy life expectancy.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
This session provides a comprehensive overview of the latest updates to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly known as the Uniform Guidance) outlined in the 2 CFR 200.
With a focus on the 2024 revisions issued by the Office of Management and Budget (OMB), participants will gain insight into the key changes affecting federal grant recipients. The session will delve into critical regulatory updates, providing attendees with the knowledge and tools necessary to navigate and comply with the evolving landscape of federal grant management.
Learning Objectives:
- Understand the rationale behind the 2024 updates to the Uniform Guidance outlined in 2 CFR 200, and their implications for federal grant recipients.
- Identify the key changes and revisions introduced by the Office of Management and Budget (OMB) in the 2024 edition of 2 CFR 200.
- Gain proficiency in applying the updated regulations to ensure compliance with federal grant requirements and avoid potential audit findings.
- Develop strategies for effectively implementing the new guidelines within the grant management processes of their respective organizations, fostering efficiency and accountability in federal grant administration.
Presentation by Jared Jageler, David Adler, Noelia Duchovny, and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies and Health Analysis Divisions, at the Association of Environmental and Resource Economists Summer Conference.
Donate to charity during this holiday seasonSERUDS INDIA
For people who have money and are philanthropic, there are infinite opportunities to gift a needy person or child a Merry Christmas. Even if you are living on a shoestring budget, you will be surprised at how much you can do.
Donate Us
https://serudsindia.org/how-to-donate-to-charity-during-this-holiday-season/
#charityforchildren, #donateforchildren, #donateclothesforchildren, #donatebooksforchildren, #donatetoysforchildren, #sponsorforchildren, #sponsorclothesforchildren, #sponsorbooksforchildren, #sponsortoysforchildren, #seruds, #kurnool
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
2024: The FAR - Federal Acquisition Regulations, Part 37
Unified Identification Number - Carsten Schmidt
1. Ministry of Justice of
North Rhine-Westphalia
Unified Identification Number
European Identifier, LEI and
Register interconnection
Abu Dhabi, UAE, 11.03.2015
2. Ministry of Justice of
North Rhine-Westphalia
Overview of the presentation
European Unique Identifier for Companies (EUID)
The Legal Entity Identifier (LEI)
Technical solutions in Europe
Carsten Schmidt, Ministry of Justice, 11.03.20152
3. Ministry of Justice of
North Rhine-Westphalia
EUROPEAN UNIQUE IDENTIFIER FOR
COMPANIES (EUID)
Carsten Schmidt, Ministry of Justice, 11.03.20153
4. Ministry of Justice of
North Rhine-Westphalia
The core pillars of the
EU’s Digital Agenda
Core pillars
Digital Single Market
Interoperability and standards
Trust and Security
Very Fast Internet
Research and Innovation
Enhancing eSkills
ICT for social challenges
5. Ministry of Justice of
North Rhine-Westphalia
5
Main context of the directive
European Unique Identifier (EUID)
In order to facilitate the interoperability between Company and Branches
Registers, the Directive proposes that both Companies and Branches be
identified with a unique identifier.
Branch disclosure notification
Directive 89/666/EEC requires that the Company Register makes available
without delay the information on the opening and termination of any winding-
up or insolvency proceedings of the company and on the striking-off of the
company.
Carsten Schmidt, Ministry of Justice, 11.03.2015
6. Ministry of Justice of
North Rhine-Westphalia
The objectives of the regulation
(directive 2012/17/EU)
Improve business register to business register
communication in cross-border operations
Remove (foreign) branches without a (foreign)
company from register
Solve difficulties of cooperation on procedures for
cross-border mergers
Offer better Europe- and world-wide access to
company information to the public
EU directive to regulate the interconnection of the
existing systems
Carsten Schmidt, Ministry of Justice, 11.03.20156
7. Ministry of Justice of
North Rhine-Westphalia
Business Registers Interconnection System
(BRIS)
Citizens Other companies Administrations
Platform
EU Central Platform
Member State A
Business Register 1
Member State A
Business Register 2
E-Justice PortalOther Access point Other Access point
Member State C
Business Register 1
Member State B
Business Register 1
21
2
Central
Subscription List
Carsten Schmidt, Ministry of Justice, 11.03.2015
8. Ministry of Justice of
North Rhine-Westphalia
9
Digital natives / governors
convergence
Is cross-border data
exchange easy?
9. Ministry of Justice of
North Rhine-Westphalia
10
Proposed definitions
Branch disclosure event: Any of the following actions/proceedings:
Opening of winding-up
Termination of winding-up
Opening of insolvency proceedings
Termination of insolvency proceedings
Company striking-off
Branch Register: A domestic registry where a branch is registered and is required to file
documents. Also used to mean “the register of the branch”.
Company Register: A domestic registry where the company is registered and is required to
file documents. Also used to mean “the register of the parent company”.
Competent Branch Register: In the context of BRIS, this term refers to those registers in
one or more Member States that must react upon a notification on a cross-border merger
or company dissolution event that is notified by another Member State Company register.
Carsten Schmidt, Ministry of Justice, 11.03.2015
10. Ministry of Justice of
North Rhine-Westphalia
Regulated – content I
Governance, management, operation, representation
Funding
Third countries
Unique identifier (LEI, EUID, etc.)
Languages (24 working languages)
Methods of transmission, incl. choice of platform
Carsten Schmidt, Ministry of Justice, 11.03.201511
11. Ministry of Justice of
North Rhine-Westphalia
Regulated – content II
ICT interoperability – synchronous data exchange
Standardisation
• Technical transmission standards
• Standard forms of notification
• Security standards
Data protection issues
Link identification
European electronic access point –
the European e-Justice Portal,
Carsten Schmidt, Ministry of Justice, 11.03.201512
12. Ministry of Justice of
North Rhine-Westphalia
Minimum set of information
the name of the company
legal form of the company
the registered office of the company
the Member State where it is registered
the registration number of the company
free of charge
Carsten Schmidt, Ministry of Justice, 11.03.201513
13. Ministry of Justice of
North Rhine-Westphalia
Carsten Schmidt, Ministry of Justice, 11.03.201514
14. Ministry of Justice of
North Rhine-Westphalia
Business identification numbers I
Europe: BRITE project to interconnect the European business
registers via an unique Register Identifier for Europe (EUID)
BRITE: Business Register Interoperability Throughout Europe
Company Register e.g. Cologne, Germany
ISO Country Code
DE50670B 345677 60
Number on the Register
Check Digit
. -
Carsten Schmidt, Ministry of Justice, 11.03.201515
15. Ministry of Justice of
North Rhine-Westphalia
Business identification numbers II
Europe: The European Commission made two further
proposals for an EUID
Name of the Register
ISO Country Code
DENRW. 09854385 X
Number on the Register
Check Character
-
Carsten Schmidt, Ministry of Justice, 11.03.201516
16. Ministry of Justice of
North Rhine-Westphalia
Business identification numbers III
Europe: The European Commission made two further
proposals for an EUID
persistent URI like an URL
(a direct link from the EU-platform to the national register)
http://bris.europa.eu/le?euid=gb.wales-200701234
Carsten Schmidt, Ministry of Justice, 11.03.201517
17. Ministry of Justice of
North Rhine-Westphalia
THE LEGAL ENTITY IDENTIFIER (LEI)
Carsten Schmidt, Ministry of Justice, 11.03.201518
18. Ministry of Justice of
North Rhine-Westphalia
Cannes Summit Final Declaration, November 4, 2011
We support the creation of a global Legal Entity Identifier
(LEI) which uniquely identifies parties to financial
transactions. We call on the FSB to take the lead in
helping coordinate work among the regulatory
community to prepare recommendations for the
appropriate governance framework, representing the
public interest, for such a global LEI by the next Summit.
Carsten Schmidt, Ministry of Justice, 11.03.201519
History of LEI
19. Ministry of Justice of
North Rhine-Westphalia
Objectives and deliverables:
Unique identification of parties to financial transactions;
Strong internal risk management;
Improved regulatory reporting;
Enhanced data aggregation capabilities;
Critical building block for improving financial data
infrastructure.
LEI / basic information
Carsten Schmidt, Ministry of Justice, 11.03.201520
20. Ministry of Justice of
North Rhine-Westphalia
- 20 alphanumeric code - ISO-Standard 17442
http://www.financialstabilityboard.org/publications/r_120307.pdf
- Linked to high quality reference core reference data for each legal entity
CORE LEI DATA ELEMENTS
Legal entity name
Address of the headquarters
Address of legal formation
Business registry ID (where
applicable)
Business registry name (where
applicable)
LEGAL ENTITY IDENTIFIER
YUV8PRHOZSRFRC4JO269
What is an LEI?
Carsten Schmidt, Ministry of Justice, 11.03.201521
21. Ministry of Justice of
North Rhine-Westphalia
LEI in Germany
Two issuing organisations
Interconnection to the business register planned
Exchange of structured data (XML)
Web services to exchange further information
Example:
Deutsche Lufthansa AG =
Carsten Schmidt, Ministry of Justice, 11.03.201522
5299 00 PH63HYJ86ASW55
Issuing Organisation Number in the register
Separator
22. Ministry of Justice of
North Rhine-Westphalia
Statistics of Germany (Pre-LEI)
Carsten Schmidt, Ministry of Justice, 11.03.201523
23. Ministry of Justice of
North Rhine-Westphalia
TECHNICAL SOLUTIONS IN EUROPE
Carsten Schmidt, Ministry of Justice, 11.03.201524
24. Ministry of Justice of
North Rhine-Westphalia
Carsten Schmidt, Ministry of Justice, 11.03.201525
Goal of the e-CODEX Project
“Improve the cross-border access of citizens and
businesses to legal means in Europe
as well as to improve the interoperability
between legal authorities within the EU.”
25. Ministry of Justice of
North Rhine-Westphalia
Carsten Schmidt, Ministry of Justice, 11.03.201526
Participants
Austria
Belgium
Bulgaria
Czech Republic
Estonia
France
Germany
Greece
Hungary
Italy
Ireland
Lithuania
Malta
The Netherlands
Norway
Poland
Portugal
Romania
Spain
Slovakia
Turkey
CCBE, CNUE
Partner for a faster justice
interoperability
26. Ministry of Justice of
North Rhine-WestphaliaFacts of the project
Started 1st December 2010
23 members
Budget: 24 Mio. Euro
End of the Project in 2015
Piloting started July 2013
Carsten Schmidt, Ministry of Justice, 11.03.201527
27. Ministry of Justice of
North Rhine-Westphalia
Carsten Schmidt, Ministry of Justice, 11.03.201528
Other building blocks
e-Documents and semantics
Piloting and architecture
e-Signature and role mapping
28. Ministry of Justice of
North Rhine-Westphalia
29
Architecture overview
Service
Provider/
Register A
Connector
Service
Provider/
Register B
Connector
• Creates
documents
• Sends/receives
documents
• Adds/checks the Trust-OK token
• Transforms to/from e-CODEX standard
• Establishes connection
• Formats/extracts the
content to/from
eBMS3.0 standard
30. Ministry of Justice of
North Rhine-Westphalia
Carsten Schmidt, Ministry of Justice, 11.03.201531
e-Delivery – Transport platform
reusable transport solution
could be the basis of future European and
world-wide projects
plug&play connection solution for
new countries
companies
based on existing solution
ebMS 3.0 / AS4
Common standards
ISO, OASIS and ETSI