Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will introduce legislative proposals to prohibit directors of companies registered in the UK Crown Dependencies and Overseas Territories from acting as directors of UK registered companies.
The Small Business Enterprise and Employment Act 2015 inserts new sections 156A-C in the Companies Act 2006 that will require that all company directors should be natural persons and prohibit (subject to exceptions) the appointment of corporate entities as directors. The Government will bring forward regulations to set out the exceptions and commence this requirement when Parliamentary time allows.