This article describes registries used to track entity ownership using Unity® Entity Management.

In most Canadian jurisdictions, tracking of the entity's beneficial ownership using a Register of Individuals of Significant Control (ISC), or Transparency Registry, is a mandatory requirement. 

Such registries typically include information on the ultimate beneficial owners' names, place of residence, date of birth, and how the beneficial owner controls the corporation. 

Unity® Entity Management makes it easy to manage beneficial ownership and create the required registers from within the Principals Section.  When adding the principal, select Ultimate Beneficial Owner

Ultimate Beneficial Owners: What goes where?

Unity® Entity Management uses Ultimate Beneficial Owners (previously referred to as Controllers) to store the information of the beneficial owners. 
 

Updating the ISC Registry / Transparency Register

1. In the Overview Page, click on Add 
2. Under Reason, click on the drop down and select Controller 
3. Add the Date
4. Include the Description of the steps taken to verify the beneficial owner's information.

5. Repeat this process for each step taken to confirm beneficial ownership information. 
    

Generating the ISC / Transparency Registry

• Open the profile of the entity you want to generate the ISC /Transparency Registry for, and navigate to the Principals section;
  
   

  

  
   

• Click the Generate button, and select the template for the registry you want to generate;
  
   

• Click the Merge button to generate the document. Below is a sample of how the registry would look like.