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Planned U.K. Company Registry’s Value Will Depend on Implementation
By Vanya Dragomanovich
printA U.K. plan to name the owners of privately-held corporations will help shine a light on shell companies, but how revealing that effort will be remains uncertain. In October, the Department of Business, Innovation & Skills (BIS) confirmed that it will proceed with plans to publish a register of individuals who hold more than 25 percent of a company's shares or retain voting rights within the business. The registry will also include information on parties who "otherwise exercise control" over businesses, irrespective of the number of shares they hold. A spokesman for BIS, which first outlined the proposal in July,...
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