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Chief minister in London for beneficial ownership talks

House of Commons to consider amendments affecting Crown Dependencies

The chief minister is in London today for talks over proposed changes to UK law which could force the Isle of Man to keep public registers on beneficial ownership.

The plans to amend the UK's Financial Services (Implementation of Legislation) Bill have been branded "wholly unnecessary" and "inoperable" by the governments of the Crown Dependencies.

Howard Quayle will be joined by his Jersey and Guernsey counterparts at today's talks in Britain's capital.

A joint statement from the three jurisdictions accused the UK government of contravening the established constitutional relationship between the British government and the Crown Dependencies.

The three governments say they've been proactively engaging with the UK Government and parliamentarians to address these concerns in a bid to ensure these amendments are rejected.

Mr Quayle, Ian Gorst and Gavin St Pierre will be holding meetings, with the amendments due to be considered at the report stage of the Bill in the House of Commons today.

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