Economic Crime and Corporate Transparency Bill — Report (1st Day) — Amendment 72 — 20 Jun 2023 at 19:00

Moved by Lord Vaux of Harrowden

72: After Clause 160, insert the following new Clause-“Updating the register of overseas entities(1) The Economic Crime (Transparency and Enforcement) Act 2002 is amended as follows.(2) In section 7, after subsection (8) insert-“(8A) A registered overseas entity must, as soon as reasonably possible and in any event within 14 days of becoming aware of any change, deliver to the registrar details of any change to the information that has been previously provided to the registrar in accordance with section 4 or, if information has been previously delivered to the registrar under this section, any change to the latest information provided under this section, including the date such change occurred. (8B) A registered overseas entity must deliver to the registrar the information required in accordance with subsection (8A), or deliver to the registrar a statement that there has been no change to the information currently held on the register, no more than 14 days prior to the acquisition or disposal of any qualifying estate in the United Kingdom.(8C) For the purposes of this section, “qualifying estate” has the meaning given by paragraph 1 of Schedule 4A to the Land Registration Act 2002.”(3) In section 8, at the end of subsection (3) omit “(1)”.”Member’s explanatory statementThis amendment would require that changes be notified to the registrar within 14 days of becoming aware of such change, bringing the register into line with the rules that apply to Persons with Significant Control under the Companies Act 2006, and adds an obligation to update the register immediately prior to property transactions in order to protect innocent counterparties.

Ayes 172, Noes 153.

Debate in Parliament |

Party Summary

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 is Turnout? This is measured against the total membership of the party at the time of the vote.

PartyMajority (Content)Minority (Not-Content)Turnout
Con1 143 (+2 tell)52.9%
Crossbench15 (+1 tell) 411.3%
DUP0 116.7%
Green2 0100.0%
Independent Labour1 0100.0%
Lab84 (+1 tell) 047.2%
LDem58 069.9%
Non-affiliated8 319.6%
PC1 0100.0%
Total:170 15141.6%

Rebel Voters - sorted by party

Lords for which their vote in this division differed from the majority vote of their party. You can see all votes in this division, or every eligible lord who could have voted in this division

Sort by: Name | Party | Vote

Lord Agnew of OultonCon (front bench)aye
Lord Greenway Crossbenchno
Lord Mawson Crossbench (front bench)no
Baroness Watkins of TavistockCrossbench (front bench)no
Viscount Waverley Crossbenchno
Baroness Foster of AghadrumseeNon-affiliatedno
Baroness Stowell of BeestonNon-affiliated (front bench)no
Lord Taylor of WarwickNon-affiliatedno

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