Notice of Annual General Meeting

We are looking forward to welcoming colleagues and friends to our annual conference in Qatar.

We will conclude the conference with our Annual General Meeting. All members have been emailed detail of the timeline and process however if you have not received it, please get in touch. There are no scheduled elections this year.

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Global Beneficial Ownership Working Group

We are excited to invite CRF Members to the inaugural meeting of the new global working group on beneficial ownership, on 16 July.

The session will be chaired by Marija Boskovska with sessions delivered by Nor Azimah Abdul Aziz of Companies Commission Of Malaysia / Suruhanjaya Syarikat Malaysia (SSM) and Geraldine Spiteri Lucas of Malta Business Registry – MBR.

This is a members-only event and advanced registration is essential. If you have not received your invitation via email, please contact General Secretary Martin Fidler Jones for the link.

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New Constitution, new Executive Committee

The new Constitution of the Corporate Registers Forum has come into force, after having been approved and ratified by members at our recent Annual General Meeting in Malta.

Among its many changes, designed to modernise the CRF and bring it closer to members, was a new system for electing our Executive Committee.  This, for the first time, guarantees geographic and gender diversity – with a seat for every region of the globe, ensuring members voices are heard.

Welcome to our new Executive Committee!

The Executive Committee meets every month in order to develop and grow our organisation, in line with our 2022-2027 Strategy.  If you have any matters to raise, please get in touch with General Secretary Martin Fidler Jones.

Contact Us

The form on the contact page.

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Executive Committee elections – and AGM voting: 3 days left

🗳️Voting is OPEN for our 2023/24 CRF Executive Committee elections

💡Don’t forget this year you get two votes:
🌎one for your regional representative, and
🌍another for up to 5 global representative
👍🏿 helping us ensure we represent all corners of the globe

🖱️Voting link has been sent to all Members – closes 1200UTC on 13 October.

🤞Good luck to all 15 candidates standing.

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Executive Committee Nominations

💡 Could you help to drive forward the development of the CRF?

🙋🏾We rely on our diverse and experienced members to drive forward the work of our global organisation.
✍🏽Nominations are now open for our Executive Committee.
Deadline 15 September 👇
https://lnkd.in/e_biGPEj

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Notice of AGM

We look forward to welcoming you to our annual Conference in Malta this October.

As is customary, we will hold our Annual General Meeting during this period.  Please be advised that it will take place on Friday 20 October 2023.

Members Business
Members may submit proposed resolutions, or business to discuss, by completing this form before Tues 05 September 2023.  A full Agenda and paper pack will be circulated by 20 September 2023.

Nominations for Executive Committee
We are pleased to report that our new Constitution was overwhelmingly agreed by members during the recent consultation process.  As part of this, there will be elections for the entire Executive Committee this year, per the new system.  If you would like to submit yourself for election to our Executive Committee, please complete this form before 15 September 2023.

As always, we are at your disposal for any questions.

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Consultation on New CRF Constitution

As part of our new 5-year Strategy, we are proposing a number of revisions to the CRF Constitution.

We aim to:

🙋🏽draw in members from all corners of the globe into our decision making,
🏗️build capacity and capability within the organisation, and among our Members, and;
💡encourage a more curious, participatory and empowered culture across the organisation.

🤝🏻We are holding 2 engagement events with Member over July. Book your (free) tickets, below:
🎟️11 July ➡️ https://www.eventbrite.com/e/crf-draft-new-constitution-consultation-tickets-647884569187
🎟️18 July ➡️ https://www.eventbrite.co.uk/e/crf-draft-new-constitution-consultation-tickets-646093181097

All members have been send an Executive Summary of the proposed revisions, and a copy of the draft, revised constitution.  If you have not received this please email secretary@corporateregistersfoum.org

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Out now: Conference Thematic Agenda

🗓 There’s just over 6 months to go until CRF Conference, hosted by Malta Business Registry
📑 We are proud to publish our exciting 4-point thematic agenda – to give delegates an insight into what awaits them in Valetta.
🧐 Take a look at our dedicated Conference website and 🎫 book your tickets today🎫 !

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2023 Innovation Award

We are delighted to announce the outcome of CRF 2023 Innovation Award.

The CRF Executive Committee would like to extend its appreciation to all members who took the time to tell us about the innovative initiatives adopted by our members across the globe to improve service delivery and operational efficiency.

We will be recognising the winners at a special award ceremony during the upcoming CRF 2023 conference in Malta, which will be held from 17 – 20 October 2023.

There were two categories of award.  Excellence, and Commendation.

Excellence
Türkiye, Ministry of Trade – Board of Directors Decision Module And General Assembly Decision Module
United Kingdom, Companies House – Register of Overseas Entities*

Commendation
Kazakhstan, Astana Financial Services Authority (AFSA) – Digital Resident
Maldives, Ministry of Economic Development (MED) – Self Generating Corporate Profile Sheet & Verification
Nigeria, Corporate Affairs Commission (CAC) – Companies Registration Portal (CRP)
Singapore, Accounting and Corporate Regulatory Authority (ACRA) – Ask Ada*
Slovenia, Agency of the Republic of Slovenia for Public Legal Records and Related Services (AJPES) – Bank Account Register
Philippines, Securities and Exchange Commission (SEC) – Electronic Simplified Processing of Application for Registration of Company (eSPARC)

Chin Li Fen
Chair, Innovation Award Sub Committee

*(Please note that in the interest of fairness and transparency, members of the judging panel from Singapore and the UK recused themselves of assessing their country’s respective applications)

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Malta transposes the Mobility Directive

The Directive (EU) 2019/2121 of the European Parliament and of the Council of 27 November 2019 amending Directive (EU) 2017/1132 as regards cross-border conversions, mergers, and divisions, referred to as the “Mobility Directive” has been transposed into Maltese law on the 31st of January 2023.

The Mobility Directive is aimed at further enhancing the freedom of establishment of companies by creating a harmonized legal framework applicable to all Member States in the sphere of cross-border movement of limited liability companies, particularly cross-border divisions and conversions, which up until the coming into force of the Mobility Directive were largely dependent on fragmented national Member States’ legislation. This legal framework may result in an increased level of cross-border movement of limited liability companies, due to a reduction of costs in performing such mobility operations, especially SMEs, and also in the enhancement and further realization of advantages associated with the EU’s Single Market.

Spearheaded by the Ministry for the Economy, European Funds and Lands, three new Regulations under the Companies Act were put forward –  the Companies Act (Cross-border Conversions of Limited Liability Companies) Regulations; the Companies Act (Cross-border Mergers of Limited Liability Companies) Regulations and the Companies Act (Cross-border Divisions of Limited Liability Companies) Regulations. To fully implement the transposition measures required as result of the Mobility Directive, the existing Cross-border Mergers of Limited Liability Companies Regulations (S.L. 386.12) are being repealed in order to be replaced by the new already referred to cross-border Regulations.

Through a national legislative initiative, the legal framework of cross-border mobility will, through the foregoing proposed regulations, equally apply to those limited liability companies which are formed in accordance with the law of other recognized jurisdictions outside of the European Union.

All in all, this will aid both public and private limited liability companies incorporated in one EU Member State to conduct a cross-border mobility operation to or with any other EU Member State, and through the Maltese national initiative, it will also encourage the freedom of establishment of limited liability companies formed or registered in accordance with the law of other recognized jurisdictions outside of the EU to carry out the same cross-border mobility operations available within the EU’s Single Market.

The Mobility Directive has been an awaited legislative instrument in the sphere of company law. Its effects may very well enhance competitiveness, reduce costs and administrative burdens, especially for companies having limited financial resources, thus offering greater productivity advantages as a result of economies of scale, and above all, provide   adequate protection to shareholders, workers, and creditors of the involved companies. This protection arises from the provisions of the Mobility Directive itself.

Malta Business Registry’s Chief Executive Officer and Registrar Dr Geraldine Spiteri Lucas remarked that the new legal initiatives in place will encourage businesses to venture in the international markets whilst ensuring that the operation of the company and the employees are safeguarded throughout.  ‘In an ever-changing world, the algorithm of businesses is constantly changing, and the transposition of the Mobility Directive caters to this scenario; that is by ensuring a sense of flexibility when it comes to business operations, something that has long been the essence of Malta’s Companies Act, and on the other hand, it ensures to safeguard employees’ said Dr Spiteri Lucas.

Minister for the Economy, EU Funds and Lands Silvio Schembri remarked that 28 cross-border companies have been registered in Malta by end of 2022.  The new regulations will encourage free movement, strengthen Malta’s stance in mitigating money laundering, and most important voice employees’ concerns when the company is considering a cross-border mobility operation whilst safeguarding their interests’ said Minister Schembri.

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