The Department for Business, Energy & Industrial Strategy (BEIS) has published a discussion paper on the transposition of Article 30 of MLD4 relating to the beneficial ownership of corporate and other legal entities. Although the UK's existing PSC regime is consistent with the requirements of MLD4 in most respects, BEIS considers that amendments to the following areas of the regime may be necessary: (i) extending the scope of the existing PSC regime; (ii) amending the definition of beneficial owner and the information that needs to be collected; (iii) the introduction of a new obligation for all entities to update their PSC information within 6 months of a change occurring; and (iv) information on beneficial ownership should be publicly accessible in a similar manner to that of the PSC register. Comments are invited by 16 December 2016.