In Decree No. 123/020 (issued 15 July 2020), Uruguay’s Executive Power retroactively extended the deadline for certain companies to report information about their ultimate beneficial owners, ownership chains and shareholders to the Uruguayan Central Bank.BackgroundCompanies governed by Laws No. 18,930, No. 19,484 and No. 19,288, and the associated regulatory decrees, (e.g., those with bearer shares and permanent establishments) must report their shareholders, ultimate beneficial owners and ownership chains to the Central Bank. The affidavit used to report this information is generally due when the company is established and when reportable changes in ownership occur.Extended filing deadlineDue to the ongoing national...