To ask the Chancellor of the Exchequer, what plans he has to introduce legislative proposals to improve the regulation of the actions of trustees of employee share schemes.

To ask the Chancellor of the Exchequer, what plans he has to introduce legislative proposals to improve the regulation of the actions of trustees of employee share schemes.

To ask the Chancellor of the Exchequer, what plans h​e has to introduce legislative proposals to protect potential beneficiaries of employee share schemes from that scheme being plundered by trustees.

To ask the Chancellor of the Exchequer, what plans h​e has to introduce legislative proposals to protect potential beneficiaries of employee share schemes from that scheme being plundered by trustees.

Clauses 25 to 28 agreed to. Government amendment made to schedule 10. Schedule 10 agreed to as amended. Schedule 11 agreed to. Clauses 29 and 30 agreed to. Clause 31, discussed with new clause 30 (Application of money laundering regulations to overseas trustees: review of effect on tax revenues), New clause 35—Money laundering and overseas trustees: review—

Clauses 25 to 28 agreed to. Government amendment made to schedule 10. Schedule 10 agreed to as amended. Schedule 11 agreed to. Clauses 29 and 30 agreed to. Clause 31, discussed with new clause 30 (Application of money laundering regulations to overseas trustees: review of effect on tax revenues), New...

Government amendment to clause 123 agreed to on division (9 votes to 6). Clause 123 agreed to as amended. Amendment to schedule 6 negatived on division (6 votes to 9). Schedule 10 agreed to. Clause 124, discussed with amendments and new clause 10 (Pensions Guidance), under consideration when the Committee adjourned.

Government amendment to clause 123 agreed to on division (9 votes to 6). Clause 123 agreed to as amended. Amendment to schedule 6 negatived on division (6 votes to 9). Schedule 10 agreed to. Clause 124, discussed with amendments and new clause 10 (Pensions Guidance), under consideration when the Committee...

Programme motion agreed to. Written evidence motion agreed to. Clause 1, discussed with clauses 2 to 25 and schedule 1, agreed to. Clauses 2 to 25 agreed to. Schedule 1 agreed to. Clause 26, discussed with clauses 27 to 51, schedules 2 and 3, an amendment and a Government amendment, agreed to. Clause 27 agreed to as amended. Clauses 28 to 51 agreed to. Schedules 2 and 3 agreed to. Clause 52, discussed with clauses 53 to 102, and schedules 4 to 6, agreed to. Clauses 53 to 102 and schedules 4 to 6 agreed to. Clause 103, discussed with clauses 104 to 106, agreed to. Clauses 104 to 106 agreed to. Clause 107, discussed with clauses 108 to 117, schedules 7 and 8, and amendments, under consideration when the Committee adjourned.

Programme motion agreed to. Written evidence motion agreed to. Clause 1, discussed with clauses 2 to 25 and schedule 1, agreed to. Clauses 2 to 25 agreed to. Schedule 1 agreed to. Clause 26, discussed with clauses 27 to 51, schedules 2 and 3, an amendment and a Government amendment,...

To ask the Chancellor of the Exchequer, what proportion of UK properties are held in trusts that will be registered through the new Trust Registration Service.

To ask the Chancellor of the Exchequer, what proportion of UK properties are held in trusts that will be registered through the new Trust Registration Service.

To ask the Chancellor of the Exchequer, when the new Trust Registration Service will be operational.

To ask the Chancellor of the Exchequer, when the new Trust Registration Service will be operational.

To ask the Chancellor of the Exchequer, if he will publish guidance on the process by which commissioners of the new Trust Registration Service will allow (a) investigative journalists and (b) non-governmental organisations access to that register in line with the purpose of the fifth anti-money laundering directive.

To ask the Chancellor of the Exchequer, if he will publish guidance on the process by which commissioners of the new Trust Registration Service will allow (a) investigative journalists and (b) non-governmental organisations access to that register in line with the purpose of the fifth anti-money laundering directive.

To ask the Chancellor of the Exchequer, how many HMRC staff will be deployed to examining irregularities in listings on the new Trust Registration Service.

To ask the Chancellor of the Exchequer, how many HMRC staff will be deployed to examining irregularities in listings on the new Trust Registration Service.

My Lords, I welcome the regulations and thank the noble Baroness for introducing them. It is right that they are now extended to cover co-operatives, friendly societies and other community purpose efforts. There will be many more occasions on which we need these regulations. I share the concerns of the...

My Lords, I welcome the regulations and thank the noble Baroness for introducing them. It is right that they are now extended to cover co-operatives, friendly societies and other community purpose efforts. There will be many more occasions on which we need these regulations. I share the concerns of the...

My Lords, I welcome and support this legislation. I should first refer to my declarations in the register. The speeches so far have been really useful and picked up elements that need attention.

This matter is indirectly about how many SMEs fail to survive the Covid crisis. That will drive the...

My Lords, I welcome and support this legislation. I should first refer to my declarations in the register. The speeches so far have been really useful and picked up elements that need attention.

This matter is indirectly about how many SMEs fail to survive the Covid crisis. That will drive the...

My Lords, I thank the Minister for the explanation of the regulations. My understanding is that they extend the Pension Protection Fund’s rights as a creditor when co-operative and community benefit societies have a moratorium in place to protect them from creditor action.

My first question for the Minister relates to...

My Lords, I thank the Minister for the explanation of the regulations. My understanding is that they extend the Pension Protection Fund’s rights as a creditor when co-operative and community benefit societies have a moratorium in place to protect them from creditor action.

My first question for the Minister relates to...

My Lords, I thank my noble friend for bringing forward this statutory instrument. I also congratulate her and the Secretary of State on the quiet way in which they have handled the Covid virus fallout, in particular by adding

thousands of those who have lost their jobs on to universal...

My Lords, I thank my noble friend for bringing forward this statutory instrument. I also congratulate her and the Secretary of State on the quiet way in which they have handled the Covid virus fallout, in particular by adding

thousands of those who have lost their jobs on to universal...

My Lords, these regulations are connected to powers recently introduced by the Corporate Insolvency and Governance Act 2020 to aid certain co-operative entities that are in financial difficulty. They will enable them to obtain a moratorium and thus give them respite from their creditors, or to be able to propose...

My Lords, these regulations are connected to powers recently introduced by the Corporate Insolvency and Governance Act 2020 to aid certain co-operative entities that are in financial difficulty. They will enable them to obtain a moratorium and thus give them respite from their creditors, or to be able to propose...

My Lords, I declare my interest as a trustee, for more than a decade now, of the Parliamentary Contributory Pension Fund, and as having previously been the chairman of the Tunbridge Wells Equitable Friendly Society, again for about 10 years.

Like my noble friend Lord Bourne, I notice that no mention...

My Lords, I declare my interest as a trustee, for more than a decade now, of the Parliamentary Contributory Pension Fund, and as having previously been the chairman of the Tunbridge Wells Equitable Friendly Society, again for about 10 years.

Like my noble friend Lord Bourne, I notice that no mention...

My Lords, I thank the Minister for her clear presentation of complex material and her willingness to provide us with information about these regulations. We support this important measure, which gives powers to the Pension Protection Fund in the event of certain community companies being in financial difficulty under the...

My Lords, I thank the Minister for her clear presentation of complex material and her willingness to provide us with information about these regulations. We support this important measure, which gives powers to the Pension Protection Fund in the event of certain community companies being in financial difficulty under the...

My Lords, I thank the Minister for her explanation of these regulations, and all noble Lords for their interesting contributions. I was also pleased to hear the Minister clarify the situation regarding the Pension Protection Fund (Moratorium and Arrangements and Reconstructions for Companies in Financial Difficulty) Regulations 2020—I will call...

My Lords, I thank the Minister for her explanation of these regulations, and all noble Lords for their interesting contributions. I was also pleased to hear the Minister clarify the situation regarding the Pension Protection Fund (Moratorium and Arrangements and Reconstructions for Companies in Financial Difficulty) Regulations 2020—I will call...

My Lords, I am grateful to noble Lords for this helpful debate and their interventions. I hope that I have been able to establish why these amending regulations are required. Extending the Pension Protection Fund rights as creditor to relevant co-operative and community benefit societies and relevant societies, as applicable,...

My Lords, I am grateful to noble Lords for this helpful debate and their interventions. I hope that I have been able to establish why these amending regulations are required. Extending the Pension Protection Fund rights as creditor to relevant co-operative and community benefit societies and relevant societies, as applicable,...

My Lords, these regulations are necessary to ensure that the Payment Protection Fund can engage fully in a proactive and meaningful way in the conversations and decision-making processes when a company finds itself in difficulty. It is paramount that the PPF has this ability so that hard-earned pensions are safeguarded...

My Lords, these regulations are necessary to ensure that the Payment Protection Fund can engage fully in a proactive and meaningful way in the conversations and decision-making processes when a company finds itself in difficulty. It is paramount that the PPF has this ability so that hard-earned pensions are safeguarded...

My Lords, it is a pleasure to follow the noble Lord, Lord Loomba, and I thank him very much for his analytical review, which I found very helpful. I thank my noble friend for setting out the background to these regulations so clearly. I welcome the regulations, which I understand...

My Lords, it is a pleasure to follow the noble Lord, Lord Loomba, and I thank him very much for his analytical review, which I found very helpful. I thank my noble friend for setting out the background to these regulations so clearly. I welcome the regulations, which I understand...