Naomi Long – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Naomi Long on 2014-06-18.

To ask the Secretary of State for Business, Innovation and Skills, what steps his Department is taking to ensure that the proposed beneficial ownership registry identifies the real controlling parties of all companies listed.

Jenny Willott

The Small Business, Enterprise and Employment Bill will make provision for the implementation of a central registry of company beneficial ownership information. The legislation will set out the obligations and sanctions that will apply to companies and others to ensure that the central registry contains information on the ultimate owners and controllers of UK companies.