Proposed public register of beneficial share ownership
In his memoirs, Tony Blair described the annual Queen’s Speech as ‘always a bit of a weird vehicle to describe what a government wants to do’. The nature of the latest speech meant that it is also a difficult task to divide the pronouncements into what may become law and what serves as pre-election ambitions.
It barely warranted more than a passing reference after the headlining curb on plastic bags, but the suggestion of a mandatory register of the beneficial share ownership of companies could have considerable impact on the structuring of transactions and the use of UK company vehicles, if it ever comes into force…
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