Written Question·Department for Business and Trade·UIN 127095
Ownership: Registration
Tabled: 14 April 2026
Answered: 20 April 2026
Named DayQuestion
Neil Coyle
Labour — Bermondsey and Old Southwark
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential merits of (a) imposing fines on companies that do not register beneficial owners under the Economic Crime and Corporate Transparency Act 2023 and (b) hypoth
Answer
Blair McDougallThe Economic Crime Acts 2022 and 2023 established and enhanced the Register of Overseas Entities. Financial penalties are used where entities fail to comply. Alongside restrictions on property transactions, this helps protect the integrity of the UK prope...
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