Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign and Commonwealth Affairs, what assessment he has made of the effectiveness of the steps taken by the British Virgin Islands to meet the Prime Minister's ambition for a public register of beneficial ownership since June 2013.

In March the Financial Secretary to the Treasury and I wrote to the Premier of the British Virgin Islands asking him to set out plans and a timetable for the implementation of a central register of company beneficial ownership, or similarly effective system, ahead of the Joint Ministerial Council. The letter included three criteria we expect BVI to meet.