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Lord Vaux of Harrowden (CB)

Speaking in the House of Lords on 8 July 2025

Debate

Companies House: Filing of Annual Accounts by Small Companies

Contribution

My Lords, thanks to the efforts of this House, the Economic Crime and Corporate Transparency Act introduced a new power for the Government to regulate in order to find out about people holding shares as nominees for other people, which is one of the easiest and most common ways by which beneficial ownership of companies can be hidden. A whole industry has built up to facilitate this. What assessments have the Government made of the misuse of nominee shareholders, and what plans do they have to use those regulations?

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