Business: Sovereign Wealth Funds

(asked on 16th February 2024) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, if she will make it her policy to monitor firms with financial ties to sovereign wealth funds originating from countries that do not have transparent and democratic systems to ensure the (a) effective allocation, (b) efficient implementation and (c) transparent reporting of committed funds.


Answered by
Kevin Hollinrake Portrait
Kevin Hollinrake
Minister of State (Department for Business and Trade)
This question was answered on 21st February 2024

The UK is an open economy and we welcome global investment. UK firms that have financial ties to Sovereign Wealth Funds already have to abide by the UK's regulatory regimes for corporate practice, including the Companies Act, 2006.

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