{"id":"c2b35913-a368-4592-b678-967054c4561a","test":"EU owning or controlling","value":"No designated company found in the chain; the people in it are compared by name only","current":false,"observedAt":"2026-09-17T11:34:51.253Z","confirmedAt":"2026-09-17T11:34:51.253Z","supersededAt":"2026-09-18T11:35:04.116Z","company":{"id":"d3867fb4-11fa-4324-9f4d-ab941e9de320","name":"SIA \"RIGA YACHT MARINA\""},"previous":{"id":"0d3767ff-0dc7-4f47-854a-aba6e51cac14","value":"No designated company found in the chain; the people in it are compared by name only","observedAt":"2026-09-16T14:44:53.369Z","supersededAt":"2026-09-17T11:34:51.253Z"},"next":{"id":"192521b2-94d7-4763-aa54-0c200fdb46b7","value":"No designated company found in the chain; the people in it are compared by name only","observedAt":"2026-09-18T11:35:04.116Z","supersededAt":null},"derivation":{"kind":"ownership_verdict","path":[],"test":"EU owning or controlling","notes":["Natural-person holders are compared with designated persons by name only. A match is reported and never counted, because the registers publish no identifier that could confirm it."],"breaks":{"first":[],"total":0,"byReason":{}},"effect":null,"inputs":{"lists":[{"readAt":"2026-09-13T14:34:50.281Z","source":"EU Consolidated Sanctions List","publishedAt":"2026-08-05T14:47:04.449Z","publishedAtBasis":"stated_in_file"}],"registers":[{"readAt":"2026-09-14T21:54:42.782Z","source":"Latvia Enterprise Register (members)","publishedAt":"2026-09-14T20:25:33.000Z","holdingsReadAt":{"latest":"2026-09-14T21:53:47.938Z","earliest":"2026-09-14T21:53:47.938Z"},"publishedAtBasis":"server_last_modified"}]},"caveats":["Ownership raises a presumption that the listed person controls the entity and its assets. The entity may rebut it case by case.","Regulations 269/2014 and 2580/2001 define owning and controlling themselves. For the other EU regimes read here, the same test is the one the Council sets out in its Best Practices, which are not legally binding.","The Commission says control over an entity also reaches that entity's own subsidiaries, but publishes no worked example with percentages. A company owned at the threshold is treated as holding its own shares for the listed person on that basis.","Control without the threshold stake is part of this test and cannot be read from a shareholder register, so an outcome short of the threshold does not mean the company is not controlled."],"outcome":"no_designated_holder_found","subject":{"number":"40203003020","entityId":"d3867fb4-11fa-4324-9f4d-ab941e9de320","countryId":"LV","entityName":"SIA \"RIGA YACHT MARINA\""},"holdings":{"total":3,"heldByCompanies":0,"notPublishedAsCompanies":3},"identity":"32bdb07eb671639ee1d0f783876a8a6fb586fbbf76e104e8fa576ace057ac523","citations":[{"url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32025R2037","title":"Council Regulation (EU) No 269/2014, Article 1, as amended by Council Regulation (EU) 2025/2037 of 23 October 2025","where":"Article 1, points (i) \"owning\": 50% or more of the proprietary rights, and (j) \"controlling\""},{"url":"https://data.consilium.europa.eu/doc/document/ST-11623-2024-INIT/en/pdf","title":"Council of the European Union, EU Best Practices for the effective implementation of restrictive measures, document 11623/24 of 3 July 2024","where":"Paragraph 62 (the freeze reaches assets of entities owned or controlled by a listed person), 63 (owned: 50% or more of the proprietary rights, holdings of listed persons aggregated), 64 to 66 (control criteria, rebuttable) and 68 (funds made available to an owned or controlled entity are made available indirectly to the listed person). Applied to each EU regime in EU_REGULATIONS_READ."},{"url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02001R2580-20260227","title":"Council Regulation (EC) No 2580/2001, Article 1","where":"Article 1, points (k) \"owning\": 50% or more of the proprietary rights or a majority interest, and (l) \"controlling\""},{"url":"https://finance.ec.europa.eu/system/files/2023-07/faqs-sanctions-russia-assets-freezes_en.pdf","title":"European Commission, Frequently asked questions: asset freeze under Council Regulation 269/2014 (as of 6 May 2026)","where":"Question 1 (presumption that control extends to the assets of an owned or controlled entity, rebuttable), Question 8 (aggregated ownership of several listed persons) and Question 9 (control over one entity reaches its own subsidiaries)"}],"ruleTable":{"fingerprint":"ec7b82da98b4465749dfa0023ce7812d6c965f69d72df13ea7a20870d93698b0","signedOffOn":"2026-09-17","textsReadOn":"2026-09-13"},"statement":"No company listed under this regime holds any share of the company, anywhere in the chain the registers state. Natural persons hold 3 holdings in the chain, including 100% of the company directly. The registers publish no identifier that confirms who they are, so they were compared with designated persons by name only, and a name written differently in a register and on a list is not found.","threshold":"50% or more","computedAt":"2026-09-17T11:34:51.253Z","aggregation":"aggregated","chainComplete":true,"jointHoldings":"not_settled","listedParties":[],"controlAssessed":false,"designatedShare":{"sole":0,"includingJoint":0},"nearestDesignated":"No designated company appears anywhere in the chain the registers state. Natural persons in the chain were compared with designated persons by name only.","nameOnlyCandidates":0,"restsOnJointHolding":false,"naturalPersonHoldings":{"count":3,"masked":0,"directShareOfSubject":100}}}