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Recital 119

Financial crimeLevel 1RegulationAMLRIn forceOfficial source

To ensure the consistent identification of beneficial owners of collective investment undertakings, it is necessary to lay down harmonised beneficial ownership rules. Regardless of whether the collective investment undertakings exist in the Member State in the form of a legal entity with legal personality, as a legal arrangement without legal personality, or in any other form, the approach to the identification of the beneficial owner should be consistent with their purpose and function.