Overseas Territories hit back at UK’s demand for central registers

Britain’s Overseas Territories seem to have successfully resisted the UK’s demands for central registers of company beneficial ownership, at least for now. The UK intends to set up its own, publicly available register next year but discussions were held with the UK Government on the question of the register which most Territories have opposed. The statement issued after the meeting was firm in its assertion that the relevant Territories would only commit to holding beneficial ownership information within the jurisdiction “via central registers or similarly effective systems” and furthermore would not be accessible to the general public.

For more information, please contact Robert Drysdale or a member of the Rooks Rider Solicitors Wealth Planning Team.

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