New Clause 7 - 38A Further reforms to Companies House

Economic Crime (Transparency and Enforcement) Bill – in the House of Commons at 9:34 pm on 7th March 2022.

Alert me about debates like this

Votes in this debate

  • Division number 207
    A majority of MPs voted against requiring legislation to be proposed to reform Companies House, including to support the register of overseas entities, entry on which is planned to be a condition of overseas bodies registering land in the UK.

“(1) Not later than 28 days from when Part 1 of this Act comes into force, the Secretary of State must publish draft legislation for the purpose of making further reforms to Companies House, including to support the effective functioning of the register of overseas entities.

(2) The draft legislation must include—

(a) new powers for the registrar to aid the verification of foreign entities applying for registration as set out in section 4 of this Act;

(b) new powers for the registrar to better share data with enforcement agencies; and

(c) reforms that will improve the quality and veracity of the information on the register.”—(Jonathan Reynolds.)

This new clause would compel the Secretary of State to publish draft legislation on reforms to Companies House, including reforms that would support the operation of the Act.

Brought up.

Question put, That the clause be added to the Bill.

Division number 207 Economic Crime (Transparency and Enforcement) Bill — New Clause 7 — 38A Further reforms to Companies House

A majority of MPs voted against requiring legislation to be proposed to reform Companies House, including to support the register of overseas entities, entry on which is planned to be a condition of overseas bodies registering land in the UK.

Aye: 223 MPs

No: 303 MPs

Ayes: A-Z by last name

Tellers

Nos: A-Z by last name

Tellers

Absent: 120 MPs

Absents: A-Z by last name

The Committee divided: Ayes 225, Noes 306.

Question accordingly negatived.