Question

To ask Her Majesty’s Government whether they have any plans to introduce any further transparency requirements for companies owned or substantially owned by private equity funds.

Measures to create a central, public register of people with significant control over UK companies are contained within the Small Business, Enterprise and Employment Bill. Where a private equity fund owns more than 25% of a UK company’s shares or voting rights – or otherwise exercises significant control over that company - the company will need to disclose information on the control of the fund in line with the requirements in Schedule 3 of the Bill.

The Government does not have any plans to introduce any further transparency requirements on such companies.