Asked by: Baroness Stern (Crossbench - Life peer)
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government when they intend to introduce the Registration of Overseas Entities Bill.
Answered by Lord Henley
The Government published a Draft Registration of Overseas Entities Bill on 23 July 2018.
A Joint Committee was appointed to consider and report on the Draft Bill. The Committee made recommendations in a report to both Houses, published on 20 May 2019. The Government welcomes the Committee’s thorough and helpful scrutiny of the Bill. We are considering their recommendations and will publish a response in due course.
The Government intends to introduce the Bill to Parliament early in the second session. Following Royal Assent and the making of secondary legislation, the Government anticipates that the register will be operational in 2021.