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As Registry Plan Advances, U.K. Suggests Tweaks to Protect Business Owners
By Irene Madongo
printThe U.K. is weighing amendments to its plan for a public registry of corporate owners that would allow individuals who control the firms to better protect their personal data. On Tuesday, the Department for Business, Innovation & Skills said in a discussion paper that it might propose so-called secondary legislation to clarify what constitutes control of a corporation and how the government can shield participating corporate owners from criminal harm. The plan would expand legislation currently under consideration that would establish a public database citing such details as names, addresses and ownership statistics of individuals who control a firm. On...
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