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# Recital 124

*In force · Regulation (EU) 2024/1624, OJ L, 2024/1624, 19.6.2024 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32024R1624)*

To ensure that beneficial ownership information is up-to-date, the legal entity should update such information immediately after any change and should periodically verify it, for example at the time of submission of the financial statements, or on the occasion of other repetitive interactions with public authorities. The deadline for updating the information should be reasonable in view of possible complex situations.