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New Clause 26 - Beneficial owners in overseas territories

Economic Crime and Corporate Transparency Bill – in the House of Commons at 5:00 pm on 25th January 2023.

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Votes in this debate

‘(1) The Sanctions and Anti-Money Laundering Act 2018 is amended as follows.

(2) In section 51, after subsection (5) insert—

“(5A) The Secretary of State must ensure that the Order in Council under subsection (2) above comes into effect on date no later than 30 June 2023.”’—(Stephen Kinnock.)

This new clause would amend the Sanctions and Anti-Money Laundering Act 2018 to ensure that an Order in Council requiring open registers of beneficial ownership in the British Overseas Territories comes into force no later than 30 June 2023.

Brought up, and read the First time.

Question put, That the clause be read a Second time.

Division number 160 Economic Crime and Corporate Transparency Bill — New Clause 26 - Beneficial owners in overseas territories

Aye: 221 MPs

No: 287 MPs

Ayes: A-Z by last name

Tellers

Nos: A-Z by last name

Tellers

The House divided: Ayes 222, Noes 289.

Question accordingly negatived.