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

The International Business Registers S urvey and Report IACA 2016 Annika Bränström 2016-06-30 1

Development • 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 2016-06-30 2

The ” Modern” Report – Number of Respondents Trends in Number of Respondents by Region 45 41 39 40 36 35 35 34 35 30 23 25 20 20 15 11 10 10 10 10 7 6 6 4 5 0 2012 2013 2014 2015 The Americas Europe Asia-Pac Africa & ME 2016-06-30 3

Now • The annual International Business Registry Survey is open to all business registration authorities in the world. • 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 4

A collaboration 2016-06-30 5

The working group • Hayley E. Clarke, Canada • Juliette Flóres Capera, Colombia • Kasper S engeløv, Denmark • Celia Johnston, Germany • Rolf König, Germany nežana Tošić , S • 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 2016-06-30 6

The Report 2016 S ome of the High-level Findings and Insights

Number of Respondents per Y ear 100 90 93 89 80 70 73 72 60 50 49 48 40 42 42 41 30 31 29 20 20 10 0 2002 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 6/ 30/ 2016 International Business Registers Report 2016

The Respondents 6/ 30/ 2016 International Business Registers Report 2016

Registration of Beneficial Owner Details 100% 90% 80% 70% 60% 56% 50% 50% 46% 40% 40% 30% 25% 25% 25% 25% 22% 19% 19% 17% 20% 14% 10% 8% 10% 0% 0% The Registry Another Authority No Registration Information not available Africa & ME Asia-Pacific Europe The Americas 6/ 30/ 2016 International Business Registers Report 2016

A Global Perspective on Average Processing Time (in hours) 6/ 30/ 2016 International Business Registers Report 2016

Fees Collected by Activity by Region and Globally 100% 100% 90% 90% 80% 80% 70% 70% 60% 60% 50% 50% 40% 40% 30% 30% 20% 20% 10% 10% 0% 0% Keep Certifie Annua Infor Copies entity Status d copies Some All Forma Chang l matio of Other in certifi of Services Services tion es Accou n on docume fees Regist cates docume are Free are Free nts fees nts er nts Africa & ME Africa & ME 75% 50% 0% 50% 75% 50% 75% 75% 25% 50% 0% Asia-Pacific 100% 70% 30% 60% 60% 40% Asia-Pacific 90% 80% 40% 90% 0% Europe 87% 79% 37% 18% 71% 58% Europe 76% 71% 26% 74% 0% The Americas 83% 81% 17% 72% 50% 83% The Americas 81% 72% 50% 64% 3% Global Global 86% 77% 26% 47% 61% 66% 80% 73% 38% 70% 1% 6/ 30/ 2016 International Business Registers Report 2016

New Enteties 2015 7.25 million Sole traders 6/ 30/ 2016 International Business Registers Report 2016

Information Available in Bulk 100% 90% 89% 86% 90% 80% 78% 80% 72% 67% 67% 70% 60% 50% 40% 30% 20% 10% 0% Africa & ME Asia-Pacific Europe The Americas To the private To the public 6/ 30/ 2016 International Business Registers Report 2016

Compliance • Data quality and integrity - comparisons of how registers ensure data quality and integrity 6/ 30/ 2016 International Business Registers Report 2016

Method of Identity Verification 100% 90% 80% 75% 80% 67% 70% 60% 50% 44% 39% 40% 33% 30% 30% 29% 30% 24% 17% 15% 20% 12% 10% 8% 10% 3% 0% 0% 0% 0% 0% No verification required User ID and password Electronic certificate Two factor Other authentication Africa & ME Asia-Pacific Europe The Americas 6/ 30/ 2016 International Business Registers Report 2016

Measures Taken to Prevent Corporate Identity Theft 100% 90% 80% 70% 70% 61% 60% 60% 54% 50% 50% 50% 50% 37% 34% 40% 33% 33% 33% 31% 32% 29% 30% 24% 24% 20% 20% 20% 17% 16% 20% 14% 9% 5% 6% 5% 6% 10% 1% 0% 0% 0% 0% 0% 0% 0% 0% No measures Other Two factor Use of Verification of User name and Checks carried Implementation Use of taken authentication electronic personal identity password out by a public of penalties monitoring signatures (meaning notary system someone checking ID) The Americas Europe Asia-Pacific Africa & ME 6/ 30/ 2016 International Business Registers Report 2016

How is the Accuracy of Information Ensured 100% 94% 100% 90% 90% 80% 78% 80% 70% 63% 60% 50% 50% 50% 40% 38% 40% 28% 30% 20% 10% 0% 0% Annual renewal of entity information Timely removal from the register of Penalty fees for failing to update (annual return/annual report) entities that do not update their information in a timely (prescribed) record on an annual basis period Africa & ME Asia-Pacific Europe The Americas 6/ 30/ 2016 International Business Registers Report 2016

Information Updated in Real Time 100% 100% 90% 83% 82% 80% 70% 60% 60% 50% 40% 30% 20% 10% 0% Africa & ME Asia-Pacific Europe The Americas 6/ 30/ 2016 International Business Registers Report 2016

Case S tudies – Utah, US A 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 . ” 6/ 30/ 2016 International Business Registers Report 2016

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 6/ 30/ 2016 International Business Registers Report 2016

Value of Information • The information in the Business Registers – Demand and Use • Gaining Access to Information • Value and Benefits 6/ 30/ 2016 International Business Registers Report 2016

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. 6/ 30/ 2016 International Business Registers Report 2016

Most Popular Pieces of Information Basic information 61 List of directors and annual accounts 38 Registration 18 Laws 2 Others 14 0 10 20 30 40 50 60 70 6/ 30/ 2016 International Business Registers Report 2016

Information about S hareholders and Beneficial Owners 100% 87% 90% 80% 75% 70% 65% 57% 60% 50% 44% 40% 40% 30% 17% 20% 10% 0% 0% Africa & ME Asia-Pacific Europe The Americas On shareholders On beneficial owners 6/ 30/ 2016 International Business Registers Report 2016

Obstacles to Accessing Information • Laws • Record-by-record access • Fees and registration of users • Language/ national user limitation • Etc. 6/ 30/ 2016 International Business Registers Report 2016

The Value and Benefits - Norway 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. 6/ 30/ 2016 International Business Registers Report 2016

The Value and Benefits – Utah 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. 6/ 30/ 2016 International Business Registers Report 2016

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! 6/ 30/ 2016 International Business Registers Report 2016

S nap S hots 6/ 30/ 2016 International Business Registers Report 2016

Thanks! www.ccb.org.co www.corporateregistersforum.org www.ecrforum.org www.iaca.org 6/ 30/ 2016 International Business Registers Report 2016