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Acta de Manifestación de Titular Real de Sociedad

English translation: Certificate of Disclosure of the True Beneficial Owner of a Company

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:Acta de Manifestación de Titular Real de Sociedad
English translation:Certificate of Disclosure of the True Beneficial Owner of a Company
Entered by: William Wildt

13:09 Apr 28, 2021
Spanish to English translations [PRO]
Law/Patents - Law (general)
Spanish term or phrase: Acta de Manifestación de Titular Real de Sociedad
It is the title of a Certificate from Catalonia that I am translating.

CERTIFICATE OF BENEFICIAL OWNER???

Thanks in advance!
William Wildt
Honduras
Local time: 07:23
Certificate of Disclosure of the True Beneficial Owner of a Company
Explanation:
Alternative: True --> Actual.
Alternative 2: Formal Disclosure of the True Beneficial Owner of a Company.
Alternative 3: Disclosure Document Containing Formal Disclosure of the True Beneficial Owner of a Company.
(Not that I have ever seen such a document, but these are reasonable translations of the title.)
Selected response from:

TechLawDC
United States
Local time: 09:23
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +3Certificate of Disclosure of the True Beneficial Owner of a Company
TechLawDC
5 +1Confirmation Statement of Person with Significant Control
patinba
Summary of reference entries provided
Refs.
Taña Dalglish

Discussion entries: 2





  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
Certificate of Disclosure of the True Beneficial Owner of a Company


Explanation:
Alternative: True --> Actual.
Alternative 2: Formal Disclosure of the True Beneficial Owner of a Company.
Alternative 3: Disclosure Document Containing Formal Disclosure of the True Beneficial Owner of a Company.
(Not that I have ever seen such a document, but these are reasonable translations of the title.)

TechLawDC
United States
Local time: 09:23
Meets criteria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 138
Notes to answerer
Asker: Thanks so much for your help!


Peer comments on this answer (and responses from the answerer)
agree  Robert Carter: I don't think you need "true", but "beneficial owner" is a more widely understood term in this context, despite Pat's misgivings below.
1 hr
agree  Adrian MM.: and with Robert C. about omission of the True.
1 day 18 hrs
agree  AllegroTrans: Omit "true" and "a"
6 days
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1 hr   confidence: Answerer confidence 5/5 peer agreement (net): +1
Confirmation Statement of Person with Significant Control


Explanation:
I confess that for years I translated "titular real" which crops up constantly in Spanish deeds as "beneficial owner" until I was very reliably informed that the correct term was as I have indicated above..

A person of significant control is someone that holds more than 25% of shares or voting rights in a company, has the right to appoint or remove the majority of the board of directors or otherwise exercises significant influence or control.Jun 30, 2016

'People with Significant Control' Companies House register ...https://www.gov.uk › ... › Corporate governance
Persons with Significant Control – what are they and how do you create a PSC register?
Limited Company
Since 6th April 2016, nearly all UK companies have been required to maintain a register of Persons with Significant Control (also known as a “PSC register”).

The PSC register obligations were introduced as part of the Small Business Enterprise and Employment Act 2015. The government’s intention was to enhance corporate transparency where complicated ownership structures can sometimes make it difficult to tell who owns and controls companies.

However, even small limited companies with very simple structures are required to maintain a PSC register. And, from 30th June 2016, companies need to file this information with Companies House as part of the new Confirmation Statement (which replaces the Annual Return from this date).

This guide explains to small business owners what a Person with Significant Control is, how to produce a PSC register and what companies need to do to stay on the right side of the law.

Which companies need to maintain a Persons with Significant Control register?
All UK limited companies, limited liability partnerships (LLPs), community interest companies (CICs), public limited companies and unlimited companies must all create and maintain a PSC register.

Both new and existing companies are required to maintain a PSC register. Whether a company is dormant or active it must still maintain it.

Sole traders, ordinary partnerships, limited partnerships (LPs) and Charitable incorporated organisations (CIOs) are NOT required to maintain a PSC register.

Who is defined as a Person with Significant Control (PSC)?
For most small businesses the 3 most likely criteria that would make an individual a Person with Significant Control are as follows:

Any individual who owns more than 25% of the company’s shares
Any individual who holds more than 25% of the company’s voting rights
Any individual who has the power to appoint or remove a majority of the company’s Understanding the confirmation statement and PSC registerhttps://www.qualitycompanyformations.co.uk › blog
Jan 27, 2017 — Everything you need to know about filing an annual Confirmation Statement and maintaining a Register of People with Significant Control for ...

Persons with significant control and how to identify themhttps://www.wrighthassall.co.uk › knowledge-base › pe...
May 17, 2018 — File a Confirmation Statement with Companies House every year, to confirm that the information recorded is correct. Although this article refers






patinba
Argentina
Local time: 10:23
Meets criteria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 1373
Notes to answerer
Asker: Thank you for your help!


Peer comments on this answer (and responses from the answerer)
agree  Robert Carter: This seems specific to the UK to me, Pat, so I think "beneficial owner" is fine in for most English variants. Is there any reason why you think it would be wrong to use it, say for the US?
1 hr
  -> It is requirement of the EU, which has defined the concept. In the US and Canada the "control person" concept exists with a similar definition. "Beneficial owner" does work in the case of ownership of trusts for example, but not companies.
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Reference comments


15 mins peer agreement (net): +3
Reference: Refs.

Reference information:
https://www.proz.com/kudoz/spanish-to-english/law-general/33...
GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase: acta de manifestaciones
English translation: sworn depositions (US); statements of truth (UK)


https://www.proz.com/kudoz/spanish-to-english/law-general/31...
affidavit / statement of truth / sworn deposition

affidavit is a good choice if it is a voluntary, sworn statement


https://www.proz.com/kudoz/spanish-to-english/law-general/61...
Spanish term or phrase: Acta de identificación de titular real
English translation: Record (or Affidavit) of beneficial owner identification

https://www.wordreference.com/es/en/translation.asp?spen=act...

One possibility: Affidavit of Beneficial Owner (ship) of the Company or something along those lines.

Taña Dalglish
Jamaica
Meets criteria
Specializes in field
Native speaker of: English
PRO pts in category: 735
Note to reference poster
Asker: Thank you all for your help!


Peer comments on this reference comment (and responses from the reference poster)
agree  philgoddard
17 mins
  -> Thank you.
agree  Adrian MM.: with the third weblink.
19 mins
  -> Thanks.
agree  AllegroTrans
6 days
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