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Beneficial ownership consultation launched

Consultation ends on December 16

Treasury has launched a consultation on the beneficial ownership of corporate business entities.

It's asking for views on draft legislation for the introduction of a central database - cataloguing all such organisations based here. 

The Beneficial Ownership Bill would form part of government's information-sharing commitment with the UK - signed in April.

Other Crown Dependencies and British Overseas Territories have committed to it after agreeing to consider the measure at the G8 Summit in Lough Erne in 2013.

Opportunities to contribute end on December 16 - the document can be found online at gov.im.

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