Good governance / Legal Reform and Transparency
This section details initiatives to make government a competitive advantage. It includes analysis and reports of government initiatives, as well as data on accountability and performance measures.
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Automatic transcriptions of beneficial owners do not work as they should
The new Act on the Register of Beneficial Owners introduced a useful novelty that was supposed to simplify the life of registrants: automatic transcriptions of beneficial owners. Although the law came into force on 1 June 2021, automatic transcriptions still do not work properly. Registrants are often threatened with penalties even if they have not made any mistakes.
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Advertising agencies take note! The advertising preparer is responsible for the compliance of the advertisement with the law
Stricter regulation of healthcare advertising has been in force since the end of May. This applies in particular to medical devices, such as eyeglasses, nose drops, prosthetic devices, cough lozenges, patches and medical technology. However, some seemingly ordinary products, such as cosmetics or other “health-targeted” products, may also be affected by the new rules.
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