(ČIA) The Executive Committee of the Association for the Support and Development of Trust Funds (APRSF) welcomed the approval of the Act on the Registration of Beneficial Owners, which took place on June 1, 2020 at a meeting of the Czech government. The association stated that disclosure of details of all trust funds would have a disproportionate impact on the privacy of many ordinary Czech families, whose legitimate right to privacy is enshrined in Czech and EU legislation.