179-13 Obligations of the Registrar of Companies

(1) The Registrar of Companies shall collect and process information relating to Ultimate Beneficial Owners and Nominee Directors obtained by him under these Regulations only for the purposes of regulation in relation to money laundering and terrorism financing, unlawful organisations and sanctions compliance in the AIFC, or to comply with the Acting Law of the AIFC.

(2) Except as required for the purpose of subsection (1) or (4), the Registrar of Companies shall:

• (a) not retain in his possession such information; and
• (b) shall make arrangements for its secure destruction.

(3) The Registrar of Companies shall, unless the Relevant Person consents to such disclosure, disclose such information only at the request of a regulator, a law enforcement agency or other government authority prescribed by the Acting Law of the AIFC, and then only to the regulator, agency or authority which made the request, for the purpose of such a request.

(4) In the case of a Relevant Person that has been wound up, dissolved, terminated or struck off, the Registrar of Companies shall retain any records delivered to him pursuant to section 179-12(5) (Notices issued by the Registrar of Companies) relating to that legal person as at the date of its dissolution, termination or striking off (as the case may be) for a period of 6 years after that date.