• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      International Investment Nordic Forum 2021

      International Investment is delighted to announce the 2021 International Investment Nordic Forum which will take place on Tuesday March 9, at 9am (GMT). This curated virtual event will be broadcast live and will feature a series of fund manager interviews and presentations, as well as interviews with some of the Nordic regions top fund selectors.

      • Date: 09 Mar 2021
      • ONLINE, ONLINE
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video
  • Public registers

UK to encourage Crown Dependencies to introduce public registers voluntarily

UK to encourage Crown Dependencies to introduce public registers voluntarily
  • Pedro Gonçalves
  • @PeterHSG
  • 21 March 2019
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

The UK government  has told Westminster it  will "encourage" the Crown Dependencies to voluntarily introduce new financial transparency rules as it recognises the islands' "self-governing" status.

Home Office minister Baroness Williams of Trafford said in parliament that the UK must respect the fact that the Crown Dependencies are not part of the UK.  "They are self-governing dependencies of the Crown with their own legislative assemblies, administrative, fiscal and legal systems and courts of law."

Related articles

  • Ministers postpone Crown Dependencies bill fearing gov't defeat
  • Crown Dependencies to improve beneficial ownership transparency
  • Campaigning MPs claim 'UK has legal powers to force public register'
  • Financial industry welcomes public registers move by Guernsey but Westminster wants more

Jersey, Guernsey and the Isle of Man have confirmed they will develop public registers of company beneficial ownership when that becomes the international standard.

The Crown Dependencies have confirmed they will develop public registers of company beneficial ownership once it has been established as a global norm"

"The Crown Dependencies have confirmed they will develop public registers of company beneficial ownership once it has been established as a global norm.

"In October 2018 the government launched an international beneficial ownership transparency campaign to shift global norms by encouraging and supporting more countries to implement free to access and publicly available company beneficial ownership registers by 2023."

She added: "In line with this campaign, the government will encourage the Crown Dependencies to voluntarily introduce measures to improve the transparency of their company ownership."

MPs in the UK's House of Commons have withdrawn a financial services bill, fearing the government was likely to be face defeat on an amendment requiring Jersey, Guernsey and the Isle of Man to introduce pubic registers of company beneficial ownerships.

Registers already exist in the Crown Dependencies. They are not open to the public but are available to the UK authorities to fight corruption, money laundering and terrorist financing.

 

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Public registers
  • UK
  • Crown Dependencies
  • Guernsey
  • Isle of Man
  • Jersey

More on Public registers

Colombia mulls new beneficial ownership rules

  • Public registers
  • 04 December 2020
Luxembourg faces legal claim against public nature of beneficial ownership information

  • Public registers
  • 05 November 2020
Bahamas strengthens beneficial ownership rules to satisfy FATF

  • Public registers
  • 19 October 2020
BVI to set up public registers of beneficial owners by 2023

  • Public registers
  • 02 October 2020
BVI's government commits to 'publicly accessible registers'

  • Public registers
  • 23 September 2020
Back to Top

Most read

EU removes Barbados from blacklist of 'non-cooperative' jurisdictions
EU removes Barbados from blacklist of 'non-cooperative' jurisdictions
Global UHNWI population to grow by 27% over the next five years: Knight Frank
Global UHNWI population to grow by 27% over the next five years: Knight Frank
J.P. Morgan Asset Management launches Global Income Sustainable Fund
J.P. Morgan Asset Management launches Global Income Sustainable Fund
Comment: Four key issues powering the renewable energy revolution
Comment: Four key issues powering the renewable energy revolution
Aviva announces exit from Turkey
Aviva announces exit from Turkey
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading