Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, whether the private registers of beneficial ownership currently being created by the UK's Overseas Territories and Crown Dependencies will be incorporated into the UK's existing exchange of information pertaining to beneficial ownership with France, Spain, Germany and Italy.

The UK launched an initiative with the EU G5 for the systematic exchange of beneficial ownership information in April 2016. More than 50 jurisdictions, including all Crown Dependencies and Overseas Territories with a significant financial sector, have now signed up. Work is ongoing on the development of the initiative.