Speech in Public Bill Committees - Thu 24 Nov 2022
Economic Crime and Corporate Transparency Bill (Seventeenth sitting)
"I beg to move, That the clause be read a Second time.
New clause 49 sought to ensure that the provisions of the Small Business, Enterprise and Employment Act 2015, which require company directors to be natural persons, would be brought into force. The Opposition welcomed the Minister’s commitment to …..."Stephen Kinnock - View Speech
View all Stephen Kinnock (Lab - Aberafan Maesteg) contributions to the debate on: Economic Crime and Corporate Transparency Bill (Seventeenth sitting)
Speech in Public Bill Committees - Thu 24 Nov 2022
Economic Crime and Corporate Transparency Bill (Seventeenth sitting)
"I thank the Minister for his remarks. We are talking about how to make it as easy as possible for those red flags to be clear. If we were to do exception reporting, there may, of course, be a clear explanation in certain circumstances for why there is not a …..."Stephen Kinnock - View Speech
View all Stephen Kinnock (Lab - Aberafan Maesteg) contributions to the debate on: Economic Crime and Corporate Transparency Bill (Seventeenth sitting)
Speech in Public Bill Committees - Thu 24 Nov 2022
Economic Crime and Corporate Transparency Bill (Seventeenth sitting)
"I thank the Minister for those points. I see that we will agree to disagree on this. I beg to ask leave to withdraw the motion.
Clause, by leave, withdrawn.
New Clause 51
Registration requirements: UK-based assets held by overseas entity
‘(1) The Economic Crime (Transparency and Enforcement) Act …..."Stephen Kinnock - View Speech
View all Stephen Kinnock (Lab - Aberafan Maesteg) contributions to the debate on: Economic Crime and Corporate Transparency Bill (Seventeenth sitting)
Speech in Public Bill Committees - Thu 24 Nov 2022
Economic Crime and Corporate Transparency Bill (Seventeenth sitting)
"I beg to move, That the clause be read a Second time.
The purpose of the new clause is to close what appears to be a loophole in the current requirements on the registration of overseas entities that own property in the UK. The case for the new clause is …..."Stephen Kinnock - View Speech
View all Stephen Kinnock (Lab - Aberafan Maesteg) contributions to the debate on: Economic Crime and Corporate Transparency Bill (Seventeenth sitting)
Speech in Public Bill Committees - Thu 24 Nov 2022
Economic Crime and Corporate Transparency Bill (Seventeenth sitting)
"According to our interpretation, schedule 2 of the 2022 Act is unclear about whether a company would be required to disclose the ultimate beneficial owner of any property owned by that company. Our worry is that there is a loophole in the law that talks about the beneficial owner but …..."Stephen Kinnock - View Speech
View all Stephen Kinnock (Lab - Aberafan Maesteg) contributions to the debate on: Economic Crime and Corporate Transparency Bill (Seventeenth sitting)
Speech in Public Bill Committees - Thu 24 Nov 2022
Economic Crime and Corporate Transparency Bill (Seventeenth sitting)
"I thank the Minister for that clarification. What rang alarm bells with us were the comments of the Financial Action Task Force, which drew the distinction between the ownership of a company and the ultimate beneficial ownership of any assets held by that company. The Minister has made his position …..."Stephen Kinnock - View Speech
View all Stephen Kinnock (Lab - Aberafan Maesteg) contributions to the debate on: Economic Crime and Corporate Transparency Bill (Seventeenth sitting)
Written Question
Wednesday 23rd November 2022
Asked by:
Stephen Kinnock (Labour - Aberafan Maesteg)
Question
to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what the expected phases will be of the Floating Offshore Wind Manufacturing Investment Scheme.
Answered by Graham Stuart
The Government has set an ambition to deliver up to 5GW of floating offshore wind by 2030. The Government is engaging with stakeholders and analysing feedback following the launch of the Floating Offshore Wind Manufacturing Investment Scheme Request for Information earlier this year and next steps will be set out in due course.
Written Question
Wednesday 23rd November 2022
Asked by:
Stephen Kinnock (Labour - Aberafan Maesteg)
Question
to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what the expected timescales are for the allocation of funding under the Floating Offshore Wind Manufacturing Investment Scheme.
Answered by Graham Stuart
The Government has set an ambition to deliver up to 5GW of floating offshore wind by 2030. The Government is engaging with stakeholders and analysing feedback following the launch of the Floating Offshore Wind Manufacturing Investment Scheme Request for Information earlier this year and next steps will be set out in due course.
Written Question
Wednesday 23rd November 2022
Asked by:
Stephen Kinnock (Labour - Aberafan Maesteg)
Question
to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what progress he has been made with the Floating Offshore Wind Manufacturing Investment Scheme.
Answered by Graham Stuart
The Government has set an ambition to deliver up to 5GW of floating offshore wind by 2030. The Government is engaging with stakeholders and analysing feedback following the launch of the Floating Offshore Wind Manufacturing Investment Scheme Request for Information earlier this year and next steps will be set out in due course.
Written Question
Wednesday 23rd November 2022
Asked by:
Stephen Kinnock (Labour - Aberafan Maesteg)
Question
to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department plans to maintain funding for the Floating Offshore Wind Manufacturing Investment Scheme.
Answered by Graham Stuart
The next steps on the Floating Offshore Wind Manufacturing Investment Scheme will be set out in due course, following the completion of the Request for Information process.