UK Government Investments

Treasury written question – answered on 16th September 2020.

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Photo of Kevan Jones Kevan Jones Labour, North Durham

To ask the Chancellor of the Exchequer, what register of interests members of UKGI are required to declare.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

All employees of UKGI and UKGI’s non-executive directors are required to sign an annual declaration of interests, setting out past employment or other fiduciary positions with any related party of UKGI; any external appointments, paid or unpaid, including directorships and trusteeships; any financial of other type of interest (for example, family) in a UKGI related party or an entity where UKGI may hold market-sensitive, non-public information; and finally, any other matters that the individual feels should be brought to the attention of UKGI’s compliance officer. In this context, a UKGI related party is a third party organisation which has a direct or indirect relationship with UKGI that may include, for example, UKGI’s portfolio entities, bidders for assets for which UKGI is currently managing a sales process, advisers and counter- parties involved in negotiations in which UKGI is involved.

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