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2,740 recent contributions in Hansard
HANSARDEconomic Crime and Corporate Transparency Bill (Ninth sitting)Protected information includes protected date of birth information, which means information as to the day of the month—but not the month of the year—on which the registered…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Ninth sitting)We will debate the overseas entities register in more detail in part 3, so there might be a good opportunity for further debate then.08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Ninth sitting)There is not a direct correlation between the two, because one overseas entity might own many UK properties.08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Tenth sitting)It is a pleasure to speak with you in the Chair, Ms Elliott. Clause 80 gives the registrar of companies a new power to require information. The registrar’s existing powers are…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Tenth sitting)Members of the Committee might remember that when we discussed the provisions concerning company name change directions last Tuesday, there was much debate about the 28-day…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Tenth sitting)I am grateful for the right hon. Gentleman’s remarks. The answer is yes, that is exactly what the legislation allows for: the risk-based flow of information between the registrar…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Tenth sitting)Clause 81 enables the registrar to require a company to resolve an inconsistency where it appears that information contained in a document delivered to the registrar in relation…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Tenth sitting)Yes. The registrar will have the ability to annotate the register as is appropriate in the regulations we intend to make using the power found in section 1080. Question put and…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Tenth sitting)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…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Tenth sitting)In layman’s terms, it means that if a company is required to change its name because it could cause harm, the registrar can immediately suspend that name from the register—as we…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Tenth sitting)Clause 84 relates to issues that we debated earlier. The information in question comprises company names that have, for example, been the subject of a registrar name change…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Tenth sitting)I am not sure that what we are trying to do here is relevant to the matter that the hon. Lady raised. Amendment 114 would prevent regulations being made to allow the registrar to…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Tenth sitting)The answer is that any person applying under the exemption will have to prove to the registrar that there is sufficient evidence of a serious risk of violence or intimidation to…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Tenth sitting)I committed earlier to look into that case, and I will, but the Usmanov case, as I said, was a completely different case. The whole reason why we are bringing forward this…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Tenth sitting)As we have discussed, there are instances where disclosure of information on the public register can lead to an increased risk of fraud and identity theft or put individuals at…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Tenth sitting)The right hon. Lady raises some important cases, and she is right to do so. Is that not exactly why we are trying to do this in this way? There are 4.5 million companies…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Tenth sitting)No.08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Tenth sitting)The amendment does not say that. It says that “the registrar must carry out a risk assessment”, not a risk-based approach. There is a big difference in terms of what the right…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Tenth sitting)The amendment says “a risk assessment to identify where the information it holds might give rise to a matter of concern.” That certainly says to me that a risk assessment would be…08 Nov 2022HANSARDEconomic Crime and Corporate Transparency Bill (Tenth sitting)I am grateful to the right hon. Gentleman for his kind words. I remember very clearly my speech in Westminster Abbey that night. He might remember that I talked about corporate…08 Nov 2022