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786316

	registered interest
	date	07/11/2017
	answering body	Attorney General
	answering dept id	88
	answering dept short name	Attorney General
	answering dept sort name	Attorney General
	hansard heading	Companies: Ownership
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Attorney General, how many times the Serious Fraud Office has requested beneficial ownership information from registers of beneficial ownership from the UK's Overseas Territories and Crown Dependencies since 1 July 2017.
	tabling member constituency	Hornsey and Wood Green
	tabling member printed	Catherine West
	uin	112101
	answer	answer is ministerial correction date of answer 20/11/2017 answer text <p>The SFO does request information from the UK's Overseas Territories and Crown Dependencies as well as other overseas partners in relation to its ongoing investigations. However, for operational reasons the SFO does not provide details of such requests as it could prejudice the conduct of those investigations.</p> answering member constituency Kenilworth and Southam answering member printed Jeremy Wright question first answered 20/11/2017 10:00:37 answering member 1560 label Biography information for Sir Jeremy Wright
	tabling member	4523 label Biography information for Catherine West

789961

	registered interest
	date	15/11/2017
	answering body	Attorney General
	answering dept id	88
	answering dept short name	Attorney General
	answering dept sort name	Attorney General
	hansard heading	Companies: Ownership
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Attorney General, how many times the Serious Fraud Office has requested beneficial ownership information from each register of beneficial ownership from the UK's Overseas Territories and Crown Dependencies since 1 July 2017.
	tabling member constituency	Barking
	tabling member printed	Dame Margaret Hodge
	uin	113406
	answer	answer is ministerial correction date of answer 20/11/2017 answer text <p>The SFO does request information from the UK's Overseas Territories and Crown Dependencies as well as other overseas partners in relation to its ongoing investigations. However, for operational reasons the SFO does not provide details of such requests as it could prejudice the conduct of those investigations.</p> answering member constituency Kenilworth and Southam answering member printed Jeremy Wright question first answered 20/11/2017 11:48:49 answering member 1560 label Biography information for Sir Jeremy Wright
	tabling member	140 label Biography information for Dame Margaret Hodge

786321

	registered interest
	date	07/11/2017
	answering body	Cabinet Office
	answering dept id	53
	answering dept short name	Cabinet Office
	answering dept sort name	Cabinet Office
	hansard heading	Companies: Ownership
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Minister for the Cabinet Office, if he will set a deadline for the UK Overseas Territories and Crown Dependencies to make public their central registers of beneficial ownership.
	tabling member constituency	Birkenhead
	tabling member printed	Frank Field
	uin	112180
	answer	answer is ministerial correction date of answer 16/11/2017 answer text <p>The UK Overseas Territories and Crown Dependencies are separate jurisdictions with their own democratically elected governments. The UK Government works closely with the Overseas Territories and Crown Dependencies on transparency issues. Our priority is the implementation of the new bilateral arrangements concluded with them in 2016. Under these arrangements, the Overseas Territories and Crown Dependencies have committed to establish, where they have not already done so, central registers of beneficial ownership information or similarly effective systems and to give UK law enforcement and tax authorities near real-time access to beneficial ownership information on corporate and legal entities incorporated in their jurisdictions. Nevertheless, it remains the Government’s ambition for public registers to become the global standard. If this happens, we would expect the Overseas Territories and Crown Dependencies to follow suit.</p> answering member constituency Kingswood answering member printed Chris Skidmore question first answered 16/11/2017 16:08:11 answering member 4021 label Biography information for Chris Skidmore previous answer version 21822 answering member constituency Ashford answering member printed Damian Green answering member 76
	tabling member	478 label Biography information for Lord Field of Birkenhead

971330

	registered interest
	date	10/09/2018
	answering body	Cabinet Office
	answering dept id	53
	answering dept short name	Cabinet Office
	answering dept sort name	Cabinet Office
	hansard heading	Companies: Ownership
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Minister for the Cabinet Office, pursuant to paragraph 11 of his consultation document on the draft Register of Overseas Entities Bill relating to information for the public register on the beneficial ownership of companies that bid for public contracts, what thresholds he is considering for those contracts.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	172509
	answer	answer is ministerial correction date of answer 14/09/2018 answer text <p>The Government has decided that the most effective way to achieve the required level of transparency on overseas entity beneficial ownership is to require information about beneficial ownership as a condition of awarding contracts that meet certain conditions or thresholds, and that this will enable the public and interested parties to easily identify the beneficial owners of entities awarded central government contracts. The information about beneficial ownership that will be required, will be equivalent to that proposed for the Register of Overseas Entities, and it will be published in an equally transparent way.</p><p><br></p><p>The Government is currently considering mechanisms including the Contracts Finder service (currently used to publish contract award information) to achieve this. A financial threshold for applying the policy on publishing beneficial ownership information has not yet been decided and will be subject to a Government consultation.</p> answering member constituency Hertsmere answering member printed Oliver Dowden grouped question UIN 172510 question first answered 14/09/2018 11:11:12 answering member 4441 label Biography information for Oliver Dowden
	tabling member	4061 label Biography information for Bill Esterson

971331

	registered interest
	date	10/09/2018
	answering body	Cabinet Office
	answering dept id	53
	answering dept short name	Cabinet Office
	answering dept sort name	Cabinet Office
	hansard heading	Companies: Ownership
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Minister for the Cabinet Office, pursuant to paragraph 11 of his consultation on the draft Register of Overseas Entities Bill and the information for the public register on beneficial ownership of companies that bid for public contracts, what conditions he is considering for those contracts.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	172510
	answer	answer is ministerial correction date of answer 14/09/2018 answer text <p>The Government has decided that the most effective way to achieve the required level of transparency on overseas entity beneficial ownership is to require information about beneficial ownership as a condition of awarding contracts that meet certain conditions or thresholds, and that this will enable the public and interested parties to easily identify the beneficial owners of entities awarded central government contracts. The information about beneficial ownership that will be required, will be equivalent to that proposed for the Register of Overseas Entities, and it will be published in an equally transparent way.</p><p><br></p><p>The Government is currently considering mechanisms including the Contracts Finder service (currently used to publish contract award information) to achieve this. A financial threshold for applying the policy on publishing beneficial ownership information has not yet been decided and will be subject to a Government consultation.</p> answering member constituency Hertsmere answering member printed Oliver Dowden grouped question UIN 172509 question first answered 14/09/2018 11:11:12 answering member 4441 label Biography information for Oliver Dowden
	tabling member	4061 label Biography information for Bill Esterson

1123688

	registered interest
	date	29/04/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Companies: Ownership
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how many exemptions have been made under the people with significant control register; and for what reasons those exemptions have been made.
	tabling member constituency	Glasgow Central
	tabling member printed	Alison Thewliss
	uin	248713
	answer	answer is ministerial correction date of answer 07/05/2019 answer text <p>As at 30 April 2019, 836 live companies were exempt from the requirements to file information about their People with Significant Control. This is because they are subject to other disclosure requirements due to their voting shares being admitted to trading on a regulated market in the UK or EEA, or on markets listed in Schedule 1 to the Register of People with Significant Control Regulations 2016.</p><p> </p><p>Exemptions can also be granted in very limited circumstances, in the interests of national security, the economic wellbeing of the UK, or in the support or prevention or detection of serious crime. I refer the hon. Member to the Written Ministerial Statement made on 26 January 2016, <a href="https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2016-01-26/HCWS488/" target="_blank">HCWS488</a>, which set out the circumstances in which such exemptions would be granted.</p><p><strong><br> </strong></p><p> </p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 07/05/2019 16:05:18 answering member 4487 label Biography information for Kelly Tolhurst previous answer version 116369 answering member constituency Rochester and Strood answering member printed Kelly Tolhurst answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	4430 label Biography information for Alison Thewliss

1327923

	registered interest
	date	25/05/2021
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Companies: Ownership
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the proportion of all registered companies in the UK which have not listed an ultimate beneficial owner; and if he will make a statement.
	tabling member constituency	Birmingham, Hodge Hill
	tabling member printed	Liam Byrne
	uin	7105
	answer	answer is ministerial correction date of answer 03/06/2021 answer text <p>As of 1 April 2021, the proportion of all registered companies in the UK, having not listed an ultimate beneficial owner (Person of Significant Control) are 0.25% of the effective company register.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 03/06/2021 15:39:48 answering member 4414 label Biography information for Paul Scully
	tabling member	1171 label Biography information for Liam Byrne

1328103

	registered interest
	date	26/05/2021
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Companies: Ownership
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate his Department has made of the number of (a) companies and (b) individuals who have not complied with requirements to declare beneficial ownership; and how many sanctions have been levied against individuals or companies for non-compliance.
	tabling member constituency	Birmingham, Hodge Hill
	tabling member printed	Liam Byrne
	uin	7743
	answer	answer is ministerial correction date of answer 11/06/2021 answer text <p>On 1 April 2021 the number of registered companies in the UK that had not complied with requirements to declare beneficial ownership, by not listing an ultimate beneficial owner (Person of Significant Control: PSC), was 11,107 (0.25% of the effective register). Between 01/04/19 and 31/03/2021, The Insolvency Service (which is responsible for prosecuting these offences) has achieved a total of 210 convictions, of which 91 companies and 119 directors were convicted for offences relating to the beneficial ownership of companies. Two of the convicted directors also received disqualification orders for a period of 3 years.</p><p> </p><p>Companies House is unable to offer an estimation of the individuals who have not complied with requirements to declare beneficial ownership. Until a company registers the details of the individual, or a statement declaring why no details have been provided, it has no indication for the cause of the non-compliance and cannot, therefore, provide a reliable estimate.</p><p> </p><p>In addition to the companies that have provided details of their Persons of Significant Control, there will be a proportion of compliant companies that have legitimately not provided details of their PSC. This is because either an exemption has been applied or a statement registered in accordance with law declaring why no details have been provided.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 11/06/2021 10:02:06 answering member 4414 label Biography information for Paul Scully
	tabling member	1171 label Biography information for Liam Byrne

1351613

	registered interest
	date	18/08/2021
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Companies: Ownership
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to ensure the full disclosure of Ultimate Beneficial Owner status for all UK-registered businesses.
	tabling member constituency	Islington South and Finsbury
	tabling member printed	Emily Thornberry
	uin	40766
	answer	answer is ministerial correction date of answer 09/09/2021 answer text <p>In June 2016, the People with Significant Control (PSC) register and regulations were introduced with the aim of delivering greater transparency around the ownership of UK corporate entities. Over 99% of entities have complied with their PSC filing requirements. The register is widely used, has a positive economic effect and contributes to the fight against the abuse of corporate structures.</p><p> </p><p>Between 1 April 2019 to 31 March 2021, 210 criminal proceedings were issued against companies and directors in connection with failure to comply with PSC requirements. 119 directors and 91 companies have been convicted.</p><p> </p><p>In October 2019, BEIS published a statutory post-implementation review of the PSC regulations which stressed the importance of ensuring the reliability of the PSC register information. With that in mind, the Government has made clear that it will legislate when Parliamentary time allows to require identity verification of PSCs a part of a broader programme targeted at further improving corporate transparency.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 09/09/2021 16:46:30 answering member 4414 label Biography information for Paul Scully
	tabling member	1536 label Biography information for Emily Thornberry

788693

	registered interest
	date	13/11/2017
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Companies: Ownership
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the Answer of 19 April 2016 to Question 34108 on foreign companies: property, if he will provide the same time series data in updated form for (a) Hull, (b) London and (c) each NUTS 1 region of the UK.
	tabling member constituency	Kingston upon Hull North
	tabling member printed	Diana Johnson
	uin	112659
	answer	answer is ministerial correction date of answer 17/11/2017 answer text <p><strong> </strong></p><p><strong> </strong></p><p>The information will take time to collate. I will place this in the Libraries of the House as soon as the information is available.</p><p> </p> answering member constituency Stourbridge answering member printed Margot James question first answered 17/11/2017 10:49:49 answering member 4115 label Biography information for Margot James
	tabling member	1533 label Biography information for Dame Diana Johnson