Registration of Overseas Entities Bill (Draft)
(asked on 29th November 2021) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government when they will introduce the Registration of Overseas Entities Bill to Parliament.
Answered by
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 13th December 2021
As set out in my Written Ministerial Statement made on 2nd November 2021, the Government remains committed to establishing a new beneficial ownership register of overseas entities that own UK property. This register will help combat money laundering and achieve greater transparency in the UK property market. We will legislate when parliamentary time allows.