Recital 56

Regulation (EU) 2016/679 applies to the processing of personal data for the purposes of this Directive. Natural persons whose personal data are held in central registers as beneficial owners should be informed about the applicable data protection rules. Furthermore, only personal data that is up to date and corresponds to the actual beneficial owners should be made available and the beneficial owners should be informed about their rights under the Union legal data protection framework and the procedures applicable for exercising those rights.