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Written question asked by Tom Clarke (Labour) on Wednesday, 25 June 2014, in the House of Commons. It was due for an answer on Monday, 30 June 2014. It was answered by Jo Swinson (Liberal Democrat) on Tuesday, 1 July 2014 on behalf of the Department for Business, Innovation and Skills.


Companies: Ownership

Question

To ask the Secretary of State for Business, Innovation and Skills if he will ensure that his legislative proposals aimed at creating a public register of beneficial ownership ensure that information in the register has undergone verification.

Answer

The Government recognises that register integrity is an important issue. This Department is carefully considering with Companies House and others what checks are necessary to ensure integrity of data and that the registration of company information in the UK remains quick, simple and inexpensive.

The current UK register is one of the most open in the world, and is accessed over 240 million times a year. This means the information is policed on a significant scale by the public, who report anomalies to Companies House for follow up.


Secondary information

Type
Written question
Reference
202441; 583 c536W
Session
2014-15
Subjects
Disclosure of information Companies Ownership
Link
View this Written question on www.publications.parliament.uk