Criminal Finances Bill — New Clause 17 — Public Registers of Beneficial Ownership of Companies registered in Crown Dependencies — 21 Feb 2017 at 17:00
Oliver Letwin MP, West Dorset voted against publicly accessible registers of the beneficial ownership of companies registered in the Isle of Man, Jersey and Guernsey.
The majority of MPs voted against publicly accessible registers of the beneficial ownership of companies registered in Crown Dependencies.
The Crown dependencies are the Isle of Man in the Irish Sea and the Bailiwicks of Jersey and Guernsey in the English Channel.
MPs were considering the Criminal Finances Bill.
The proposed new clause rejected in this vote was titled: Public Registers of Beneficial Ownership of Companies registered in Crown Dependencies and stated:
- ‘(1) In Part 1 of the Proceeds of Crime Act 2002 (introductory), after section 2A, insert—
- “2AA Duty of Secretary of State: Public registers of beneficial ownership of companies registered in Crown dependencies
- (1) It shall be the duty of the Secretary of State, in furtherance of the purposes of—
- (a) this Act; and
- (b) Part 3 of the Criminal Finances Act 2017
- to take the actions set out in this section.
- (2) The first action is, no later than 31 December 2017, to provide all reasonable assistance to the Governments of Crown Dependencies to enable each of those Governments to establish a publicly accessible register of the beneficial ownership of companies registered in that Government’s jurisdiction.
- (3) The second action is, no later than 31 December 2019, to publish legislative proposals to require the Government of any Crown dependency that has not already established a publicly accessible register of the beneficial ownership of companies registered in that Government’s jurisdiction to do so.
- (4) In this section—
- “a publicly accessible register of the beneficial ownership of companies” means a register which, in the opinion of the Secretary of State, provides information broadly equivalent to that available in accordance with the provisions of Part 21A of the Companies Act 2006.
- “legislative proposals” means either—
- (a) a draft Order in Council; or
- (b) a Bill presented to either House of Parliament.”
Votes by party, red entries are votes against the majority for that party.
What is Tell? '+1 tell' means that in addition one member of that party was a teller for that division lobby.
What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.
What is Turnout? This is measured against the total membership of the party at the time of the vote.
|Party||Majority (No)||Minority (Aye)||Both||Turnout|
|Con||295 (+2 tell)||0||0||90.3%|
|Lab||0||172 (+2 tell)||0||75.7%|