UBO Disclosure Policy Fundamentals
At HORIZON OEIC LTD, we conduct comprehensive Due Diligence on all counterparties (as well as prospective and existing investors) to ensure complete transparency and clarity regarding Ultimate Beneficial Owners (UBOs).
We strictly adhere to our UBO Disclosure Policy, which mandates absolute clarity and verifiable information about UBOs before entering any business transaction. Furthermore, all counterparties (who are legal persons) are required to obtain a valid Legal Entity Identifier (LEI code) as a prerequisite for any business engagement with HORIZON OEIC LTD. If there is any uncertainty or lack of transparency regarding UBOs or if an LEI code is not provided, we will not proceed with the partnership or transaction under any circumstances.
At a minimum, we require knowing at least 76% of the legal entity ownership structure of the natural person(s).
Example
Suppose the legal entity is owned by two (2) other legal entities, e.g., company A and company B, each holding 50% of the shares. Then, we will need to know the ownership structure of companies A and B, and so on, until we reach the Ultimate Beneficial Owner(s), who must always be a natural person(s).
If both entities (Company A and Company B) are owned by other legal entities, the responsible person will also be required to reveal their ownership structure.
Should you have any questions, please do not hesitate to contact our team.