Member

It is clear that FIRS has the potential to provide greater protection for our security, our democracy and our economy, but we must get the implementation right. In support of the scheme, the Government have today laid before Parliament draft regulations specifying Russia and Iran, introducing new exemptions from the scheme and making provision for the publication of information. Both this House and the other place will have the opportunity to consider and debate these regulations under the affirmative procedure. The Government have also laid a further set of regulations relating to the collection and disclosure of information under the scheme. To support the consideration of the regulations, and to assist potential registrants and others to better understand their responsibilities under the scheme, the Government have published comprehensive guidance online.