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