Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what progress has been made on the establishment of a Register of Beneficial Owners as provided by the Economic Crime (Transparency and Enforcement) Act 2022.

During the passage of the Economic Crime (Transparency and Enforcement) Act 2022, the Government committed to providing an update on implementation of the Register of Overseas Entities to parliament within six weeks of the Bill receiving Royal Assent. The Government is committed to the rapid implementation of the Register and will update Parliament on progress by making a Written Ministerial Statement shortly.