The International Business Registers S urvey and Report IACA 2016 - - PowerPoint PPT Presentation

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The International Business Registers S urvey and Report IACA 2016 - - PowerPoint PPT Presentation

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The International Business Registers S urvey and Report IACA 2016 Annika Brnstrm 2016-06-30 1 Development 2002 2009 The starting years Basic statistics on registries and trends Basic report, limited analyses Base for

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The International Business Registers S urvey and Report

IACA 2016 Annika Bränström

2016-06-30

1

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Development

2016-06-30

  • 2002 –

2009 The starting years

‒ Basic statistics on registries and trends ‒ Basic report, limited analyses ‒ Base for benchmarking between registries

  • 2010 –

2011 Improvements

‒ Improve the ground for policy learning ‒ Review the survey ‒ Produce a more analytical and coherent report ‒ Find a more solid and long term organisation for future surveys

and reports

  • 2012 –

Make it global

‒ Include more countries/ organisations in the survey ‒ Keep on improving the survey and the report

2

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The ” Modern” Report – Number of Respondents

2016-06-30

36 41 23 20 39 35 34 35 10 11 10 10 4 6 6 7 5 10 15 20 25 30 35 40 45 2015 2014 2013 2012

Trends in Number of Respondents by Region

The Americas Europe Asia-Pac Africa & ME

3

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Now

  • The surveys and reports have been structured around

five maj or topics:

−

legal and institutional settings of organizations responsible for business registration;

−

registration process;

−

use of e-services by business registries;

−

funding and fees; and

−

business dynamics/ trends resulting from registration.

  • The past two years the value of business registration

information has been included as a topic.

  • Special topic case studies are always included

2016-06-30

  • The annual International Business Registry Survey is open to all business

registration authorities in the world.

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A collaboration

2016-06-30 5

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The working group

2016-06-30 6

  • Hayley E. Clarke, Canada
  • Juliette Flóres Capera, Colombia
  • Kasper S

engeløv, Denmark

  • Celia Johnston, Germany
  • Rolf König, Germany
  • S

nežana Tošić, S erbia

  • Latha Kunj appa, S

ingapore

  • Annika Bränström, S

weden

  • Monica Grahn, S

weden

  • Magdalena Norlin S

chönfeldt, S weden

  • S

tacey-Jo S mith, UK

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The Report 2016

S

  • me of the High-level

Findings and Insights

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Number of Respondents per Y ear

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20 29 31 42 42 41 48 49 72 73 93 89 10 20 30 40 50 60 70 80 90 100 2002 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

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The Respondents

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Registration of Beneficial Owner Details

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25% 25% 25% 25% 50% 0% 40% 10% 14% 19% 46% 22% 17% 8% 56% 19% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

The Registry Another Authority No Registration Information not available

Africa & ME Asia-Pacific Europe The Americas

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A Global Perspective on Average Processing Time (in hours)

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Fees Collected by Activity by Region and Globally

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Forma tion Chang es Annua l Accou nts Keep entity in Regist er Infor matio n on fees Status certifi cates Africa & ME 75% 50% 0% 50% 75% 50% Asia-Pacific 100% 70% 30% 60% 60% 40% Europe 87% 79% 37% 18% 71% 58% The Americas 83% 81% 17% 72% 50% 83% Global 86% 77% 26% 47% 61% 66% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Certifie d copies

  • f

docume nts Copies

  • f

docume nts Other fees Some Services are Free All Services are Free Africa & ME 75% 75% 25% 50% 0% Asia-Pacific 90% 80% 40% 90% 0% Europe 76% 71% 26% 74% 0% The Americas 81% 72% 50% 64% 3% Global 80% 73% 38% 70% 1% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

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New Enteties 2015

7.25 million

Sole traders

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Information Available in Bulk

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67% 80% 86% 72% 67% 90% 89% 78% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Africa & ME Asia-Pacific Europe The Americas

To the private To the public

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Compliance

  • Data quality and integrity - comparisons of how registers

ensure data quality and integrity

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Method of Identity Verification

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0% 67% 33% 0% 0% 0% 80% 30% 30% 10% 3% 39% 75% 8% 17% 29% 44% 15% 12% 24% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% No verification required User ID and password Electronic certificate Two factor authentication Other Africa & ME Asia-Pacific Europe The Americas

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Measures Taken to Prevent Corporate Identity Theft

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20% 31% 6% 29% 17% 54% 6% 9% 14% 5% 24% 5% 61% 34% 37% 24% 16% 32% 0% 0% 20% 50% 50% 70% 20% 50% 60% 0% 1% 0% 0% 33% 33% 0% 0% 33% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

No measures taken Other Two factor authentication Use of electronic signatures Verification of personal identity (meaning someone checking ID) User name and password Checks carried

  • ut by a public

notary Implementation

  • f penalties

Use of monitoring system

The Americas Europe Asia-Pacific Africa & ME

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How is the Accuracy of Information Ensured

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100% 0% 50% 78% 50% 90% 28% 40% 80% 94% 63% 38% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Annual renewal of entity information (annual return/annual report) Timely removal from the register of entities that do not update their record on an annual basis Penalty fees for failing to update information in a timely (prescribed) period Africa & ME Asia-Pacific Europe The Americas

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Information Updated in Real Time

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100% 60% 82% 83% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Africa & ME Asia-Pacific Europe The Americas

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Case S tudies – Utah, US A

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“ …

we take filings in good faith and we respond to alerts from the filers if a filing appears to be in

error or fraudulent. The Division does not initiate any scrutiny without some sort of appeal.”

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Conclusions

  • Data quality and integrity is important to all business

registers – and users – for many different reasons

  • How quality and integrity is achieved, and maintained, will

vary

  • There are many frequently used tools all around the world
  • Those tools can come in the form of legislation, technology

and policy

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Value of Information

  • The information in the Business Registers –

Demand and Use

  • Gaining Access to Information
  • Value and Benefits

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Different perspectives on Demand and Use of Information

  • Internal efficiency
  • Efficiency for business and economic growth
  • Helps prevent corruption, fraud, money-laundering, organised

crime etc.

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Most Popular Pieces of Information

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14 2 18 38 61

10 20 30 40 50 60 70 Others Laws Registration List of directors and annual accounts Basic information

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Information about S hareholders and Beneficial Owners

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75% 57% 65% 87%

0% 40% 17% 44%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Africa & ME Asia-Pacific Europe The Americas

On shareholders On beneficial owners

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Obstacles to Accessing Information

  • Laws
  • Record-by-record access
  • Fees and registration of users
  • Language/ national user limitation
  • Etc.

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The Value and Benefits - Norway

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The “ good circle of use of information” - businesses only need to report their information to one place using one form, which is a benefit to the companies and the public. – Unique identifiers are essential.

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The Value and Benefits – Utah

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Anyone can access the information from our website. The benefits are: public gets accurate information at any time; the Division does not have to perform the searches and therefore frees up man hours for other work.

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Conclusions – Make Information Valuable

  • Availability –

put it out there!

  • Accessibility –

reduce obstacles!

  • Quality and Reliability –

make sure that it is accurate and up to date!

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S nap S hots

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Thanks!

www.ccb.org.co www.corporateregistersforum.org www.ecrforum.org www.iaca.org

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