UK Parliament: Q&A On Public Registers
“Other OTs, including the British Virgin Islands, Cayman, Bermuda, Anguilla and Turks & Caicos Islands, agreed to implement registers of beneficial ownership, accessible to those with a legitimate interest, by June 2025,” Minister of State Stephen Doughty said.
During the British Parliament’s session on February 28th, MP Martin Wrigley asked the Secretary of State for Foreign, Commonwealth and Development Affairs, “if he will make it his policy to publish a deadline for the implementation public registers of beneficial ownership in the Overseas Territories.”
In response, Minister of State Stephen Doughty said, “At the Joint Ministerial Council [JMC] in November 2024, the Falkland Islands and St Helena committed to join Montserrat and Gibraltar in implementing fully public registers by April 2025.
“Other OTs, including the British Virgin Islands, Cayman, Bermuda, Anguilla and Turks & Caicos Islands, agreed to implement registers of beneficial ownership, accessible to those with a legitimate interest, by June 2025. The details of this commitment are set out in the JMC communique published on gov.uk. We are working with OT Governments to ensure proposals for the registers meet the requirements agreed at the Joint Ministerial Council.
“Our expectation is that all OTs will ultimately implement registers that are fully accessible to the public.”
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Is the UK information gathering or looking to the all of Overseas Toratories as a posable tax investment vehicle. ?
(This statement above is an opinion as is for all the following .)
Many years ago the UK put a stop to its investors from investing money in Bermuda part went to the USA stock market and part went to local mortgages through the bank as a agent as the Bank of Bermuda Ltd encourage the UK investors to diversify their portfolio which which in turn build up Bermuda’s domestic realestate as we see it today through the Bank of Bermuda ltd which had to regrettably forclose on several of its local mortgages holdings .
The Bank of Bermuda ltd created the ” Certificate of Deposit” aparantly that vehicle is no longer in existance which many Bermudians are familiar with to save those forclosures the C/D with yeilding high rates in interest these returns payable to local investors when the time frame of the investment expired .
The C/D was designed to encourage local investors participation in a safe investment plan.
the bank required money fast to sabe Bermuda restate .
The principal from the C/D went to re purchase all of those local mortgages.