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Written question asked by Lord Haworth (Labour) on Monday, 29 November 2021, in the House of Lords. It was due for an answer on Monday, 13 December 2021. It was answered by Lord Callanan (Conservative) on Monday, 13 December 2021 on behalf of the Department for Business, Energy and Industrial Strategy.


Draft Registration of Overseas Entities Bill

Question

To ask Her Majesty's Government when they will introduce the Registration of Overseas Entities Bill to Parliament.

Answer

As set out in my Written Ministerial Statement made on 2nd November 2021, the Government remains committed to establishing a new beneficial ownership register of overseas entities that own UK property. This register will help combat money laundering and achieve greater transparency in the UK property market. We will legislate when parliamentary time allows.


Secondary information

Type
Written question
Reference
HL4478
Session
2021-22
Subjects
Foreign companies Registration
Legislation
Draft Registration of Overseas Entities Bill
Link
View this Written question on www.parliament.uk