UK Parliament: Q&A On Public Registers In OTs

November 26, 2023 | 0 Comments

Labour MP Margaret Hodge continues to discuss the implementation of publicly accessible registers of beneficial ownership in the British Overseas Territories.

Labour Member of Parliament Margaret Hodge asked, “To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what estimate he has made of when [a] the British Virgin Islands, [b] the Turks and Caicos Islands, [c] the Sovereign Base Areas of Akrotiri and Dhekelia, [d] the Pitcairn Islands, [e] St Helena, [f] Montserrat, [g] the Falkland Islands, [h] the Cayman Islands, [i] Bermuda and [j] Anguilla will implement a publicly accessible register of beneficial ownership.”

In response, David Rutley, Assistant Whip [HM Treasury], Parliamentary Under-Secretary [Foreign, Commonwealth, and Development Office] said, “We discussed the timeline for implementation of Publicly Accessible Registers of Beneficial Ownership at the Joint Ministerial Council over 14 – 15 November in plenary, in the margins and in bilateral meetings. We have made progress with the majority of the inhabited Overseas Territories (OTs). Some are yet to confirm precise timelines. Intensive discussions continue with these OTs, led by Ministers. We will inform Parliament of the outcome of those discussions before recess.”

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