Draft Register of Overseas Entities (Protection and Trusts) and Limited Liability Partnerships (Application of Company Law) (Amendment) Regulations 2026

Joshua Reynolds Excerpts

Wednesday 1st July 2026 General Committees

[Mr Joshua Reynolds (Maidenhead) (LD)]

It is a pleasure to serve with you in the Chair, Mr Efford. Tackling economic crime and financial secrecy is vital for our economic and national security. The registration of overseas entities is an important step in improving ownership transparency, and we welcome any measures that make it work better in practice.

However, I note with concern the temporary removal of the LLP address reporting requirements. The Government have stated that the reason is that Companies House systems are not yet equipped to receive and process that information, but that raises broader questions about pace and resourcing in Companies House more generally. We have known for a significant period of time that it has been underperforming, under-resourced and not doing what it should be in the appropriate manner. Having some transparency and clarity from the Minister would be beneficial.

The Government must set out a clear and binding timetable for when the LLP reporting requirements will be reinstated, and ensure that Companies House receives the investment that it needs to deliver the reforms that Parliament has already passed. I would be grateful if the Minister could clarify that.