Written question asked by Geraint Davies (Independent (affiliation)) on Friday, 16 February 2024, in the House of Commons. It was due for an answer on Wednesday, 21 February 2024 (named day). It was answered by Kevin Hollinrake (Conservative) on Wednesday, 21 February 2024 on behalf of the Department for Business and Trade.
Business: Sovereign Wealth Funds
- Question
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To ask the Secretary of State for Business and Trade, if she will make it her policy to monitor firms with financial ties to sovereign wealth funds originating from countries that do not have transparent and democratic systems to ensure the (a) effective allocation, (b) efficient implementation and (c) transparent reporting of committed funds.
- Answer
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The UK is an open economy and we welcome global investment. UK firms that have financial ties to Sovereign Wealth Funds already have to abide by the UK's regulatory regimes for corporate practice, including the Companies Act, 2006.
Secondary information
- Type
- Written question
- Reference
- 13856
- Session
- 2023-24
- Subjects
- Disclosure of information Business Democracy Sovereign wealth funds
- Contains statistics
- Yes
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2024-02-21 17:59:59 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2023-24/13856
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2023-24/13856
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2023-24/13856