Written question asked by Paul Flynn (Labour) on Thursday, 10 May 2018, in the House of Commons. It was due for an answer on Tuesday, 15 May 2018 (named day). It was answered by Alan Duncan (Conservative) on Tuesday, 15 May 2018 on behalf of the Foreign and Commonwealth Office.

Companies: Ownership

Question: To ask the Secretary of State for Foreign and Commonwealth Affairs, pursuant to the Written Statement of 1 May 2018, HCWS660, on beneficial ownership in the Overseas Territories and Crown Dependencies, whether information on merchant shipping beneficially owned in Overseas Territories and Crown Dependencies is included in the Exchange of Notes arrangements.

Answer: The Exchanges of Notes concluded with the Overseas Territories and Crown Dependencies in 2016 provide for the exchange of information on the beneficial ownership of corporate and legal entities incorporated in these jurisdictions. As ships are assets, and not corporate and legal entities, the beneficial owners of merchant ships registered in the Overseas Territories and Crown Dependencies would not be covered by the Exchanges of Notes, unless the vessels are owned by corporate and legal entities incorporated in these jurisdictions.

Secondary information

Type: Written question
Reference: 142768
Session: 2017-19
Related items: Beneficial ownership in the Overseas Territories and Crown Dependencies
Tuesday, 1 May 2018
Written statements
House of Commons
Subjects: Disclosure of information Companies Crown dependencies British overseas territories Ownership Merchant shipping
Link: View this Written question on www.parliament.uk