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 Statement of Changes in Beneficial Ownership of Securities Titan 2005

2005-2025 Form

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[Music] beneficial ownership has become a compulsory registration for all companies regardless of their size it is mandated to identify and record the actual individuals or Warm Bodies who ultimately own or control the company now whilst the intention may be Noble as it is intended to curb and expose those involved in money laundering and terrorism financing by identifying the actual individuals behind each corporate structure it does place an additional administrative burden on every business owner this legislation which came into effect in June 2023 requires all newly registered companies to complete a beneficial ownership register within 10 days of its registration furthermore this register is required to be updated each and every year on the anniversary date of the company's registration even if no changes in beneficial ownership have taken place Cas in addition every time there is a beneficial ownership change the register must be updated with cipc beneficial ownership is

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