1st sitting · Tuesday, 25 October 2022 · 3 speeches

[Mr Laurence Robertson in the Chair]

• Examination of Witnesses

  51 speeches

  Nick Van Benschoten and Gurpreet Manku gave evidence.

• Examination of Witness

  45 speeches

  Nigel Kirby gave evidence.

• Examination of Witnesses

  66 speeches

  Andy Gould and Arianna Trozze gave evidence.

• Examination of Witness

  38 speeches

  Jonathan Hall KC gave evidence.

2nd sitting · Tuesday, 25 October 2022

[Sir Christopher Chope in the Chair]

• Examination of Witnesses

  82 speeches

  Martin Swain and Adrian Searle gave evidence.

• Examination of Witnesses

  65 speeches

  Commander Nik Adams, Simon Welch and Michelle Crotty gave evidence.

• Examination of Witnesses

  51 speeches

  Dr Susan Hawley, John Cusack and Thom Townsend gave evidence.

• Examination of Witnesses

  50 speeches

  Oliver Bullough and Bill Browder gave evidence.

• Examination of Witnesses

  42 speeches

  Professor John Heathershaw and Thomas Mayne gave evidence.

3rd sitting · Thursday, 27 October 2022 · 1 speech

[Hannah Bardell in the Chair]

• Examination of Witnesses

  58 speeches

  Helena Wood and Duncan Hames gave evidence.

• Examination of Witnesses

  31 speeches

  Chris Taggart and Elspeth Berry gave evidence.

• Examination of Witness

  42 speeches

  Graham Barrow gave evidence.

4th sitting · Thursday, 27 October 2022

(Afternoon)

• Examination of Witnesses

  48 speeches

  Angela Foyle and Mike Miller gave evidence.

• Examination of Witness

  48 speeches

  Peter Swabey gave evidence.

• Examination of Witness

  34 speeches

  Catherine Belton gave evidence.

• Examination of Witness

  54 speeches

  Professor Jason Sharman gave evidence.

5th sitting · Tuesday, 1 November 2022 · 1 speech

[Mr Laurence Robertson in the Chair]

• Clause 1 - The registrar’s objectives

  40 speeches

  I beg to move amendment 77, in clause 1, page 2, line 10, at end insert— ‘

• Clause 2 - Memorandum of association: names to be included

  28 speeches

  I beg to move amendment 85, in clause 2, page 2, line 15, at end insert— “(2A) After subsection 1, insert— ‘(1A) The memorandum must also...

• Clause 9 - Names for criminal purposes

  13 speeches

  Question proposed, That the clause stand part of the Bill.

6th sitting · Tuesday, 1 November 2022

[Hannah Bardell in the Chair]

• Clause 14 - Directions to change name: period for compliance

  41 speeches

  I beg to move amendment 87, in clause 14, page 8, line 11, le ave out “at least” and insert “no more than”. This amendment, and Amendments 88...

• Clause 28 - Registered office: appropriate addresses

  51 speeches

  I beg to move amendment 86, in clause 28, page 17, line 14, a t end insert— “(2A) An address is not an ‘appropriate address’ if— (a) it...

• Clause 30 - Registered email addresses etc

  4 speeches

  Question proposed, That the clause stand part of the Bill.

7th sitting · Thursday, 3 November 2022

[Julie Elliott in the Chair]

• Clause 32 - Disqualification of persons designated under sanctions legislation: GB

  74 speeches

  I beg to move amendment 1, in clause 32, page 22, leave out lines 8 to 12 and insert— “(1) This section applies in relation to a person who has, at any time on or...

• Clause 34 - Disqualification of persons designated under sanctions legislation: Northern

  0 speeches

• Ireland

  0 speeches

  Amendments made: 4, in clause 34, page 23, leave out lines 13 to 17 and insert— ‘(1) This Article applies in relation to a person who has, at any time on or after...

• Clause 36 - Disqualified directors

  6 speeches

  Question proposed, That the clause stand part of the Bill.

8th sitting · Thursday, 3 November 2022

[Mr Laurence Robertson in the Chair]

• Clause 36 - Disqualified directors

  3 speeches

  Question (this day) again proposed, That the clause stand part of the Bill.

• Clause 43 - Registrar’s power to change a director’s service address

  0 speeches

  Amendment made: 7, in clause 43, page 31, line 10, a t end insert “(but see subsection (4A)). (4A) Subsection (4)— (a) does not limit the service address...

• Clause 44 - Register of members: name to be included

  4 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 49 - Membership information: one-off statement

  7 speeches

  I beg to move amendment 104, in clause 49, page 34, line 32, a fter “time” insert “and annually thereafter”. This amendment would require a...

• Clause 50 - Abolition of local registers etc

  24 speeches

  Question proposed, That the clause stand part of the Bill.

• Schedule 2 - Abolition of certain local registers

  0 speeches

  Amendment proposed: 69, in schedule 2, page 148, line 40, at end insert— “167GA Unique identification number for directors (1) On receipt of notification of a...

• Clause 51 - Protection of date of birth information

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 52 - Filing obligations of micro-entities

  4 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 57 - Confirmation statements

  13 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 61 - Identity verification of persons with significant control

  18 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 62 - Procedure etc for verifying identity

  20 speeches

  I beg to move amendment 108, in clause 62, page 47, leave out lines 14 and 15.

• Clause 63 - Authorisation of corporate service providers

  12 speeches

  I beg to move amendment 81, in clause 63, page 49, line 38, a t end insert— “(3A) When an application is made under this section, the registrar may...

• Clause 64 - General exemptions from identity verification: supplementary

  2 speeches

  Question proposed, That the clause stand part of the Bill.

9th sitting · Tuesday, 8 November 2022 · 1 speech

[Hannah Bardell in the Chair]

• Clause 65 - Exemption from identity verification: national security grounds

  15 speeches

  I beg to move amendment 9, in clause 65, page 55, line 3, at end insert “and section 167M(2) does not impose any obligation on a company in relation to the...

• Clause 66 - Allocation of unique identifiers

  18 speeches

  I beg to move amendment 102, in clause 66, page 55, line 36, l eave out “power” and insert “a duty”. This amendment would ensure that all...

• Clause 67 - Identity verification: material unavailable for public inspection

  4 speeches

  I beg to move amendment 10, in clause 67, page 56, line 3, af ter “subsection (1)” insert “— (a) in the words before paragraph (a), after...

• Clause 68 - Requirements for administrative restoration

  11 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 69 - Delivery of documents: identity verification etc

  20 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 72 - Delivery of documents by electronic means

  6 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 76 - Power to reject documents for inconsistencies

  22 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 80 - Power to require additional information

  19 speeches

  I beg to move amendment 11, in clause 80, page 63, line 2, at end insert— “(vi) section 28 or 29 of the Limited Partnerships Act 1907;”. This...

10th sitting · Tuesday, 8 November 2022

[Julie Elliott in the Chair]

• Clause 80 - Power to require additional information

  4 speeches

  Question proposed, That the clause, as amended, stand part of the Bill.

• Clause 81 - Registrar’s notice to resolve inconsistencies

  7 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 82 - Administrative removal of material from the register

  0 speeches

  Amendment made: 13, in clause 82, page 65, line 21, a t end insert— “(6) Omit section 1095A (rectification of register to resolve a...

• Clause 84 - Inspection of the register: general

  29 speeches

  I beg to move amendment 106, in clause 84, page 65, leave out lines 40 and 41 and insert— “sections 64(6A), 67(1A), 73(7), 75(4A), 76(5A), 76A(9) and 76B(9) (which confer powers to...

• Clause 87 - Protecting information on the register

  10 speeches

  I beg to move amendment 114, in clause 87, page 68, line 7, at end insert— ‘(7A) Regulations under subsection (1) above may not prevent the registrar...

• Clause 88 - Analysis of information for the purposes of crime prevention or detection

  52 speeches

  I beg to move amendment 119, in clause 88, page 68, line 15, l eave out from “must” to the end of line 17 and insert “analyse information within...

11th sitting · Tuesday, 15 November 2022 · 1 speech

[Mr Laurence Robertson in the Chair]

• Clause 89 - Fees: costs that may be taken into account

  35 speeches

  I beg to move amendment 14, in clause 89, page 68, line 33, a t end insert— “(aa) any function of a Northern Ireland department under or in connection...

• Clause 90 - Disclosure of information

  18 speeches

  I beg to move amendment 105, in clause 90, page 69, line 24, at end insert “and, (c) to an insolvency practitioner appointed over a corporate who has requested information not publicly...

• Schedule 3 - Disclosure of information: consequential amendments

  0 speeches

  Amendment made: 49, in schedule 3, page 162, line 5, leave out paragraphs 5 to 7.—(Kevin Hollinrake.) This amendment is consequential on NC17 and NC18.

• Clause 94 - General false statement Offences

  5 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 96 - Financial penalties

  17 speeches

  I beg to move amendment 84, in clause 96, page 75, line 23, l eave out “the Consolidated Fund” and insert “a fund established by the Secretary of...

• Clause 99 - Meaning of “limited partnership”

  4 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 100 - Required information about partners

  3 speeches

  Question proposed, That the clause stand part of the Bill.

12th sitting · Tuesday, 15 November 2022

[Mr Laurence Robertson in the Chair]

• Clause 100 - Required information about partners

  7 speeches

  Question (this day) again proposed, That the clause stand part of the Bill.

• Schedule 4 - Required information

  0 speeches

  Amendment made: 50, in schedule 4, page 164, line 1, leave out “registered or”.—(Kevin Hollinrake.) This amendment would mean that, in relation to the...

• Clause 103 - A limited partnership’s registered office

  9 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 105 - A limited partnership’s registered email address

  4 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 107 - Restrictions on general partners

  22 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 108 - Officers of general partners

  13 speeches

  I beg to move amendment 18, in clause 108, page 86, line 32, at end insert “, and (b) confirming that the proposed registered officer meets the requirement in section 8K(1)(c)(i) or...

• Clause 110 - Removal of option to authenticate application by signature

  5 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 111 - Notification of information about partners

  9 speeches

  Amendments made: 27, in clause 111, page 92, line 34,  at end insert— “, and (b) confirming that the proposed registered officer meets the requirement in...

• Clause 115 - Notification of other changes

  0 speeches

  Amendment made: 31, in clause 115, page 99, line 1, leave out “10A (inserted by section 114 of this Act)”

• Clause 116 - Confirmation statements

  4 speeches

  I beg to move amendment 32, in clause 116, page 102, leave out lines 6 and 7. This amendment means that new section 10E of the Limited Partnerships Act 1907 (confirmation statements) will apply...

• Clause 117 - Confirmation statements: Scottish partnerships

  0 speeches

  Amendment made: 33, in clause 117, page 103, line 2, leave out from beginning to “(review” in line 17 and insert—

• Clause 118 - Power for HMRC to obtain accounts

  6 speeches

  Question proposed, That the clause stand part of the Bill.

13th sitting · Thursday, 17 November 2022

[Julie Elliott in the Chair]

• Clause 119 - Dissolution and winding up of limited partnerships

  5 speeches

  I beg to move amendment 95, in clause 119, page 105, leave out lines 8 and 9 and insert— “‘(2B) A limited partnership is dissolved if— (a) it ceases to...

• Clause 121 - The register of limited partnerships

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 122 - Material not available for public inspection

  5 speeches

  I beg to move amendment 34, in clause 122, page 107, line 34,  ;leave out “available for public inspection” and insert “the following material...

• Clause 124 - Disclosure of information about partners

  3 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 125 - Registrar’s power to confirm dissolution of limited partnership

  12 speeches

  I beg to move amendment 163, in clause 125, page 112, line 35,  ;leave out “power” and insert “duty”. This amendment is consequential on...

• Clause 128 - Delivery of documents relating to limited partnerships

  10 speeches

  I beg to move amendment 166, in clause 128, page 117, leave out lines 7 to 23 and insert— “(1) An individual may not deliver a document under a provision listed in...

• Clause 129 - General false statement offences

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 130 - Service on a limited partnership

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 131 - Application of company law

  7 speeches

  I beg to move amendment 42, in clause 131, page 120, line 18,  ;leave out “any Act, whenever passed or made” and insert “either of the following,...

• Clause 134 - Limited partnerships: further amendments

  3 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 135 - Register of overseas entitiesClause 135

  7 speeches

  Question proposed, That the clause stand part of the Bill.

14th sitting · Thursday, 17 November 2022

[Sir Christopher Chope in the Chair]

• Clause 136 - False statement offences in connection with information notices

  7 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 138 - Meaning of “service address”

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 139 - Meaning of “registered overseas entity” in land registration legislation

  2 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 140 - Power to apply Part 1 amendments to register of overseas entities

  3 speeches

  Question proposed, That the clause stand part of the Bill.

15th sitting · Tuesday, 22 November 2022

[Ian Paisley in the Chair]

• Clause 141 - Cryptoassets: confiscation orders

  17 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 142 - Cryptoassets: civil recovery

  21 speeches

  I beg to move amendment 121, in clause 142, page 125, line 18,  ;at end insert— “(2) It also contains related amendments.”. This amendment provides...

• Schedule 7 - Cryptoassets: civil recovery

  0 speeches

  Amendments made: 51, in schedule 7, page 206, line 42, leave out “Chapter” and insert “Part”. This amendment makes a minor technical correction to...

• Clause 143 - Money laundering: exiting and paying away exemptions

  7 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 145 - Information orders: money laundering

  3 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 147 - Enhanced due diligence: designation of high-risk countries

  7 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 148 - Direct disclosures of information: no breach of obligation of confidence

  9 speeches

  I beg to move amendment 122, in clause 148, page 136, leave out lines 22 and 23 and insert— “(1) The protections set out in subsection (1A) apply in relation to a...

• Clause 149 - Indirect disclosure of information: no breach of obligation of confidence

  0 speeches

  Amendments made: 136, in clause 149, page 137, leave out lines 27 to 29 and insert— ‘(1) The protections set out in subsection (2A) apply in relation to a...

• Clause 153 - Other defined terms in sections 148 to 151

  0 speeches

  Amendments made: 153, in clause 153, page 140, line 19,  ;at end insert— “(ba) constitutes aiding, abetting, counselling or procuring the commission of a...

• Clause 154 - Law Society: powers to fine in cases relating to economic crime

  9 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 158 - Power to make consequential provision

  11 speeches

  Question proposed, That the clause stand part of the Bill.

• Clause 159 - Regulations

  7 speeches

  I beg to move amendment 43, in clause 159, page 144, line 21,  ;at end insert— “(ba) regulations under section (registration of qualifying Scottish...

16th sitting · Tuesday, 22 November 2022

[Julie Elliott in the Chair]

• Clause 160 - Extent

  4 speeches

  Question proposed, That the clause stand part of the Bill.

• New Clause 1 - Change of addresses of officers of overseas companies by registrar

  5 speeches

  “In section 1046 of the Companies Act 2006 (overseas companies: registration of particulars), after subsection (6) insert— ‘(6A) Where regulations under this section require an...

• New Clause 2 - Overseas companies: availability of material for public inspection etc

  0 speeches

  “In section 1046 of the Companies Act 2006 (overseas companies: registration of particulars), after subsection (6A) (inserted by section (Change of addresses of officers of overseas...

• New Clause 3 - Registered addresses of an overseas company

  0 speeches

  “(1) The Companies Act 2006 is amended as follows. (2) After section 1048 insert— ‘1048A Registered addresses of an overseas company (1) The Secretary of State may by...

• New Clause 4 - Overseas companies: identity verification of directors

  0 speeches

  “After section 1048A of the Companies Act 2006 (inserted by section (Registered addresses of overseas companies) of this Act) insert— ‘1048B Identity verification of directors...

• New Clause 5 - Rectification of register: service addresses

  0 speeches

  “(1) The Companies Act 2006 is amended as follows. (2) After section 1097A insert— ‘1097B Rectification of register: service addresses (1) The Secretary of State may by...

• New Clause 6 - Rectification of register: principal office addresses

  0 speeches

  “(1) The Companies Act 2006 is amended as follows. (2) After section 1097B (inserted by section (Rectification of register: service addresses) of this Act) insert— ‘ (1) The...

• New Clause 7 - Power to require businesses to report discrepancies

  0 speeches

  ‘(1) The Companies Act 2006 is amended as follows. (2) In section 1059A (scheme of Part 35), in subsection (4), at the appropriate place insert— “section 1110E (power to require...

• New Clause 8 - Service of documents on people with significant control

  0 speeches

  ‘In section 1140 of the Companies Act 2006 (service of documents on directors, secretaries and others), in subsection (2), after paragraph (a) insert— “(aa) a person who is a...

• New Clause 9 - National security exemption from identity verification

  0 speeches

  ‘After section 29 of the Limited Partnerships Act 1907 (inserted by section 129 of this Act) insert— (1) The Secretary of State may, by written notice given to a person, provide for...

• New Clause 10 - Power to amend disqualification legislation in relation to relevant entities: GB

  5 speeches

  “After section 22H of the Company Directors Disqualification Act 1986 insert— ‘ (1) The Secretary of State may by regulations amend this Act for the purpose of applying, or...

• New Clause 11 - Power to amend disqualification legislation in relation to relevant entities: NI

  0 speeches

  “(1) The Company Directors Disqualification (Northern Ireland) Order 2002 (S.I. 2002/3150 (N.I. 4)) is amended as follows. (2) In Article 2(2) (interpretation), for the definition of...

• New Clause 12 - Required information about overseas entities: address information

  11 speeches

  “In the following provisions of Schedule 1 to the Economic Crime (Transparency and Enforcement) Act 2022 (which refer to an entity’s registered or principal office) omit...

• New Clause 13 - Registration of information about land

  0 speeches

  “In Schedule 1 to the Economic Crime (Transparency and Enforcement) Act 2022 (required information), in paragraph 2— (a) in sub-paragraph (1), after paragraph (g) insert—...

• New Clause 14 - Registration of information about managing officers: age limits

  0 speeches

  “(1) Schedule 1 to the Economic Crime (Transparency and Enforcement) Act 2022 (applications: required information) is amended as follows. (2) In paragraph 6(1), after paragraph (f)...

• New Clause 15 - Registrable beneficial owners: cases involving trusts

  0 speeches

  “(1) Schedule 2 to the Economic Crime (Transparency and Enforcement) Act 2022 (registrable beneficial owners) is amended in accordance with subsections (2) to (5). (2) In paragraph 3...

• New Clause 16 - Material unavailable for public inspection: verification information

  0 speeches

  “In section 16 of the Economic Crime (Transparency and Enforcement) Act 2022 (verification of registrable beneficial owners and managing officers), in subsection (2), after paragraph (c)...

• New Clause 17 - Material unavailable for public inspection

  0 speeches

  “For sections 22 to 24 of the Economic Crime (Transparency and Enforcement) Act 2022 substitute— ‘ (1) The following material must not, so far as it forms part of the register,...

• New Clause 18 - Protection of information

  0 speeches

  “For section 25 of the Economic Crime (Transparency and Enforcement) Act 2022 substitute— (1) The Secretary of State may by regulations make provision requiring the registrar, on...

• New Clause 19 - Resolving inconsistencies in the register

  0 speeches

  “(1) Section 27 of the Economic Crime (Transparency and Enforcement) Act 2022 (resolving inconsistencies in the register) is amended as follows. (2) For subsections (1) and (2)...

• New Clause 20 - Administrative removal of material from register

  0 speeches

  “(1) In the Economic Crime (Transparency and Enforcement) Act 2022— (a) for section 28 substitute— (1) The registrar may remove from the register anything that appears to the...

• New Clause 21 - Enforcement of requirement to register: updated language about penalties etc

  0 speeches

  “(1) The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows. (2) In section 34 (power to require overseas entity to register if it owns certain land)— (a) in...

17th sitting · Thursday, 24 November 2022

[Sir Christopher Chope in the Chair]

• New Clause 22 - Registration of qualifying Scottish partnerships

  0 speeches

  ‘(1) The Secretary of State may by regulations— (a) make provision requiring the delivery to the registrar of information in connection with a qualifying Scottish partnership; (b)...

• New Clause 23 - Cryptoassets: terrorism

  0 speeches

  ‘(1) Part 1 of Schedule (Cryptoassets: terrorism) amends the Anti-terrorism, Crime and Security Act 2001 to make provision for a civil recovery regime in relation to cryptoassets...

• New Clause 30 - Duty to notify registrar of dissolution

  0 speeches

  “After section 17 of the Limited Partnerships Act 1907 (power of board of trade to make rules) insert— ‘Dissolution, revival and deregistration 17A Duty to notify registrar of...

• New Clause 31 - Winding up limited partnerships on grounds of public interest

  0 speeches

  “After section 25 of the Limited Partnerships Act 1907 (inserted by section 127 of this Act) insert— ‘Winding up limited partnerships: court orders 25A Winding up limited...

• New Clause 32 - Winding up dissolved limited partnerships

  0 speeches

  “After section 25A of the Limited Partnerships Act 1907 (inserted by section (Winding up limited partnerships on grounds of public interest) of this Act) insert— ‘25B Winding up...

• New Clause 34 - Requirements to change name: removal of old name from public inspection

  0 speeches

  ‘(1) The Companies Act 2006 is amended as follows. (2) In section 64 (company ceasing to be entitled to exemption in relation to use of “limited” etc), after subsection (6)...

• New Clause 47 - Scottish Solicitors’ Discipline Tribunal: powers to fine in cases relating to economic crime

  0 speeches

  ‘(1) Section 53 of the Solicitors (Scotland) Act 1980 (powers of tribunal) is amended as follows. (2) In subsection (1)— (a) in paragraph (b)— (i) after “dishonesty”...

• New Clause 24 - Disclosure of information relating to bank accounts held by subscribers to a memorandum of association

  4 speeches

  ‘(1) Section 9 of the Companies Act 2006 (registration of documents) is amended as follows. (2) After subsection (5), insert— “(5A) The application must also contain the name of...

• New Clause 26 - Reporting requirement (objectives)

  15 speeches

  “(1) The Secretary of State must publish an annual report assessing whether the powers available to the Secretary of State and the registrar are sufficient to enable the registrar to...

• New Clause 29 - Report into the merits of a fund for tackling economic crime

  0 speeches

  “(1) The Secretary of State must produce a report into the merits of a fund for tackling economic crime. (2) The report must consider the case for penalties paid to the registrar to be...

• New Clause 35 - Person convicted under National Minimum Wage Act not to be appointed as director

  2 speeches

  “(1) The Company Directors Disqualification Act 1986 is amended as follows. (2) After Clause 5A (Disqualification for certain convictions abroad) insert— ‘5B Person convicted...

• New Clause 44 - HMRC anti-money laundering function

  19 speeches

  “(1) The Commissioners of Revenue and Customs Act 2005 is amended as follows. (2) After section 5 (Commissioners’ initial functions), insert— ‘5A Commissioners’...

• New Clause 50 - Requirement for UK-resident director

  5 speeches

  ‘(1) The Companies Act is amended as follows. (2) In section 156B of the Companies Act 2006, inserted by section 87 of the Small Business, Enterprise and Employment Act 2015, after...

• New Clause 51 - Registration requirements: UK-based assets held by overseas entity

  5 speeches

  ‘(1) The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows. (2) In Schedule 2— (a) in sub-paragraph (a) of paragraph 2, for “and” substitute...

18th sitting · Thursday, 24 November 2022 · 1 speech

(Afternoon)

• New Clause 52 - Beneficial owners: shares and voting rights held by immediate family

  5 speeches

  “(1) The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows. (2) In Schedule 2, after paragraph 6 insert— ‘(6A) For the purposes of subsection (6)...

• New Clause 53 - Beneficial owners in overseas territories

  16 speeches

  ‘(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...

• New Clause 54 - Entities from high-risk jurisdictions: prohibition on ownership of UK land

  23 speeches

  “(1) The Land Registration Act 2002 is amended as follows. (2) In Schedule 4A, after paragraph 2 insert— ‘(2A) No application may be made to register an overseas entity as the...

• New Clause 55 - Updating duty: frequency

  3 speeches

  ‘(1) The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows. (2) In subsection (9) of section 7, in paragraphs (a) and (b) for “12” substitute...

• New Clause 56 - Limited partnerships: registration of persons of significant control

  0 speeches

  “(1) The Secretary of State must by regulations make provision about the registration of persons of significant control in relation to limited partnerships. (2) For the purposes of...

• New Clause 59 - Publication of information about trustees

  7 speeches

  “(1) The Economic Crime (Transparency and Enforcement) Act 2022 is amended as follows. (2) In subsection (1) of section 22, omit paragraph (c).”—

• New Clause 60 - Reporting requirement (enforcement capabilities)

  7 speeches

  “(1) The Secretary of State must, no later than six months from the date on which this Act comes into force, carry out and publish the results of a review of the capacity of the Financial...

• New Clause 64 - Disclosure of information in the public interest likely to be relevant to the investigation of economic crime

  21 speeches

  “(1) It is a defence to an action based on the disclosure or publication of information for the defendant to show that— (a) the disclosure or publication complained of was likely to...

• New Clause 66 - Default supervisory authority for independent legal professionals

  4 speeches

  “Where an independent legal professional is not a member of any of the professional bodies listed in Schedule 1 of the MLRs 2017 but undertakes regulated business within the scope of...

• New Clause 67 - Civil asset recovery in cases of economic crime

  12 speeches

  “The Secretary of State must by regulations make provision for costs in civil recovery proceedings involving economic crime to be awarded against the enforcement authority only where the...

19th sitting · Tuesday, 29 November 2022

[Mr Lawrence Robertson in the Chair]

• New Clause 69 - Prevention of continued trading for companies repeatedly declared insolvent

  6 speeches

  “(1) A company may not be registered under the Companies Act 2006 if, in the opinion of the registrar of companies, it is substantially similar to a company which has been subject to...

• New Clause 70 - Bar on directors in breach of duties receiving public funds

  4 speeches

  “(1) A company with a director or directors which are in breach of the general duties outlined in Chapter 2 of the Companies Act 2006, or who have been found to have committed statutory...

• New Clause 71 - Suspicious Activity Reporting: risk rating

  8 speeches

  “(1) The Proceeds of Crime Act 2002 is amended as follows. (2) After subsection 339(1) insert— ‘(1ZA) An order under subsection (1) must prescribe that a risk rating be included...

• New Clause 72 - Office for Professional Body Anti-Money Laundering Supervision: powers and duties

  0 speeches

  “(1) The Secretary of State must by regulations set out a further power and duty for the Office for Professional Body Anti-Money Laundering Supervision. (2) The power referred to in...

• New Clause 73 - Offence of failure to prevent fraud, false accounting or money laundering

  17 speeches

  “(1) A relevant commercial organisation (‘C’) is guilty of an offence under this section where— (a) a person (‘A’) associated with C commits a fraud, false...

• New Clause 75 - The Economic Crime Committee of Parliament

  7 speeches

  “(1) The Secretary of State must by regulations establish a body to be known as the Economic Crime Committee of Parliament (in this section referred to as “the ECC”). (2) The...

• New Clause 76 - Whistleblowing: economic crime

  9 speeches

  “(1) Whistleblowing is defined for the purposes of this section as any disclosure of information suggesting that, in the reasonable opinion of the whistleblower, an economic crime—...

• New Clause 79 - Identification doctrine

  6 speeches

  “(1) A body corporate commits an offence listed in Schedule 8 where the offence is committed with the consent, connivance or neglect of a senior manager or senior managers. (2) An...

• New Clause 80 - Forfeiture of recoverable property obtained through economic crime

  6 speeches

  “(1) Where the conditions in paragraph(2) are fulfilled, a notice may be served in accordance with subsection(4) by the Director of Public Prosecutions, the Director of Serious Fraud...

• New Clause 84 - Compensation for Victims of Economic Crime

  8 speeches

  ‘(1) The Secretary of State must, no later than 90 days from the date on which this Act comes into force, publish and lay before Parliament a strategy for the potential establishment of a...

• New Schedule 1 - Cryptoassets: terrorism

  0 speeches

  “Part 1 Amendments to the Anti-terrorism, Crime and Security Act 2001 1 Schedule 1 to the Anti-terrorism, Crime and Security Act 2001 (forfeiture of terrorist property) is amended as...

• ‘Part 4BA

  0 speeches

  Seizure and detention of terrorist cryptoassets Interpretation 10Z7A (1) In this Schedule— “cryptoasset” means a cryptographically secured digital representation of value or...

• Part 4BB

  0 speeches

  Terrorist cryptoassets: crypto wallet freezing orders Interpretation 10Z7B (1) In this Part— (a) “cryptoasset exchange provider” means a firm or sole practitioner who by way of...

• Part 4BC

  0 speeches

  Forfeiture of terrorist cryptoassets Interpretation 10Z7C (1) In this Part— “cryptoasset service provider” has the same meaning as in Part 4BB (see paragraph 10Z7B(1));...

• Part 4BD

  0 speeches

  Conversion of cryptoassets Interpretation 10Z7D (1) In this Part— “converted cryptoassets” is to be read in accordance with paragraphs 10Z7DC and 10Z7DD; “crypto wallet...