Shareholders

Department for Business, Energy and Industrial Strategy written question – answered on 10th October 2017.

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Photo of Kelvin Hopkins Kelvin Hopkins Labour, Luton North

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will introduce legislative proposals to prohibit nominee shareholdings.

Photo of Margot James Margot James Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

Shareholding through nominee accounts is commonly used for legitimate investment and commercial reasons. The Government has no plans to introduce legislative proposals to prohibit nominee shareholdings.

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