BEF

English translation: UBO (ultimate beneficial owner)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Portuguese term or phrase:BEF
English translation:UBO (ultimate beneficial owner)
Entered by: Márcia Francisco

23:23 Feb 10, 2020
Portuguese to English translations [PRO]
Bus/Financial - Economics
Portuguese term or phrase: BEF
Fez parte dos orgãos sociais e é acionista da empresa, com 0,3%, na qual ele é o BEF, com 99%.
E apresentam estruturas de propriedade e controlo complexas, facto que potencia a dificuldade de identificação dos respetivos BEF's.
As caraterísticas dos BEF's das entidades coletivas.

Pensei em algo como beneficiário efetivo final, mas gostaria de saber se alguem conhece este termo.
Márcia Francisco
Portugal
Local time: 05:31
UBO (ultimate beneficial owner)
Explanation:
Context: Certain Member States consider that the ultimate beneficial owner ("UBO") is the person(s) who owns/controls at least 25% of the customer, whilst other Member States interpret the UBO as the person(s) that owns/controls at least 25% of the customer, or of any entity that owns at least 25% of the customer.

Context reference: Report from the Commission to the European Parliament and the Council on the application of Directive 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing, 2.6.2. Beneficial ownership – implementation issues, CELEX:52012DC0168

https://iate.europa.eu/search/standard/result/1581415985148/...

In the UK the standard equivalent term used in official document is "people with significant control" "PSC".

--------------------------------------------------
Note added at 11 hrs (2020-02-11 10:39:46 GMT)
--------------------------------------------------

UBO
COM
Reference: Report from the Commission to the European Parliament and the Council on the application of Directive 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing, 2.6.2. Beneficial ownership – implementation issues, CELEX:52012DC0168

Definition: the natural person(s) who ultimately owns or controls the customer and/or the natural person on whose behalf a transaction or activity is being conducted

Definition reference: Directive 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing, Article 3(6), CELEX:32005L0060/EN

Language level note: For more details see above reference.
In the context of financial investments, the beneficial owner is the "true" owner of a share, as opposed to any "name" in which it may be legally held - see, for example, Types of Investors, Broadridge Financial Solutions Inc., https://www.shareholdereducation.com/types_investors.asp [14.5.2013].


Context: Certain Member States consider that the ultimate beneficial owner ("UBO") is the person(s) who owns/controls at least 25% of the customer, whilst other Member States interpret the UBO as the person(s) that owns/controls at least 25% of the customer, or of any entity that owns at least 25% of the customer.

Context reference: Report from the Commission to the European Parliament and the Council on the application of Directive 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing, 2.6.2. Beneficial ownership – implementation issues, CELEX:52012DC0168

ultimate beneficial owner
COM
pt
beneficiário efetivo
Selected response from:

Mark Robertson
Local time: 05:31
Grading comment
Thank you so much for your help!
4 KudoZ points were awarded for this answer



Summary of answers provided
5UBO (ultimate beneficial owner)
Mark Robertson
4Beneficiário efetivo
Bruno Dutra


  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
Beneficiário efetivo


Explanation:
basta apenas "beneficiário efetivo" como esta no regime juridico


    Reference: http://https://www.animar-dl.pt/documentacao/pdf/106-legisla...
Bruno Dutra
Brazil
Local time: 02:31
Native speaker of: Native in PortuguesePortuguese
Login to enter a peer comment (or grade)

10 hrs   confidence: Answerer confidence 5/5
UBO (ultimate beneficial owner)


Explanation:
Context: Certain Member States consider that the ultimate beneficial owner ("UBO") is the person(s) who owns/controls at least 25% of the customer, whilst other Member States interpret the UBO as the person(s) that owns/controls at least 25% of the customer, or of any entity that owns at least 25% of the customer.

Context reference: Report from the Commission to the European Parliament and the Council on the application of Directive 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing, 2.6.2. Beneficial ownership – implementation issues, CELEX:52012DC0168

https://iate.europa.eu/search/standard/result/1581415985148/...

In the UK the standard equivalent term used in official document is "people with significant control" "PSC".

--------------------------------------------------
Note added at 11 hrs (2020-02-11 10:39:46 GMT)
--------------------------------------------------

UBO
COM
Reference: Report from the Commission to the European Parliament and the Council on the application of Directive 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing, 2.6.2. Beneficial ownership – implementation issues, CELEX:52012DC0168

Definition: the natural person(s) who ultimately owns or controls the customer and/or the natural person on whose behalf a transaction or activity is being conducted

Definition reference: Directive 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing, Article 3(6), CELEX:32005L0060/EN

Language level note: For more details see above reference.
In the context of financial investments, the beneficial owner is the "true" owner of a share, as opposed to any "name" in which it may be legally held - see, for example, Types of Investors, Broadridge Financial Solutions Inc., https://www.shareholdereducation.com/types_investors.asp [14.5.2013].


Context: Certain Member States consider that the ultimate beneficial owner ("UBO") is the person(s) who owns/controls at least 25% of the customer, whilst other Member States interpret the UBO as the person(s) that owns/controls at least 25% of the customer, or of any entity that owns at least 25% of the customer.

Context reference: Report from the Commission to the European Parliament and the Council on the application of Directive 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing, 2.6.2. Beneficial ownership – implementation issues, CELEX:52012DC0168

ultimate beneficial owner
COM
pt
beneficiário efetivo

Mark Robertson
Local time: 05:31
Native speaker of: Native in EnglishEnglish
PRO pts in category: 44
Grading comment
Thank you so much for your help!
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also:
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search