What is a BO Register

A BO Register is a repository of natural persons who own and exercise control over entities.

Frequently Asked Questions

What is needed to be able to lodge a BO register?

You would require securities register, details of all owners and those exercising control through influence and any other supporting documents that CIPC might require.

What is a BO Mandate form?

A mandate must be signed in order for an agent to submit the BO Register. The mandate indicates the agent has been designated to make the submission on behalf of the organization and directors.

Is a Beneficial Ownership register required?

If the entity is an affected entity then yes. If the entity is not an affected entity then only the securities register will be submitted.

Is a Securities Register required?

Yes, when making a BO Register Submission, you are required to have a Securities Register as part of the supporting documents.

Why was the BO Register introduced?

The FATF identified gaps in the financial system of South Africa and as such CIPC was mandated to maintain a registry that would enable law enforcement to triangulate information between the various agencies to trace those involved in fraud, corruption and money laundering or the financing of terrorism.

What is the threshold for someone to be listed on the BO Register?

Currently the threshold is 5% ownership and above, which must be declared.

Read more on the BO Register: The New CIPC BO Register to tackle issues linked to South Africa AML grey listing

Do you need a quote for your BO Register

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