Foreign Companies: Property
The question
To ask the Secretary of State for Business and Trade, if he will make an assessment of the potential merits of including publicly accessible trust data in the Register of Overseas Entities.
Answered by Justin Madders
While the Government remains committed to enhancing transparency in relation to trusts within the Register of Overseas entities (ROE), we must carefully consider the privacy risks that come with it. The government will be laying regulations in due course to allow applications to be made for public access to unpublished trust information on the ROE in circumstances to be specified in the regulations. We are also currently reviewing responses to the public consultation on Transparency of Land Ownership Involving Trusts which provided a range of views and perspectives.
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