DebateGeneral CommitteeWednesday, 1 July 202614:30

Seventh Delegated Legislation Committee: The draft Register of Overseas Entities (Protection and Trusts) and Limited Liability Partnerships (Application of Company Law) (Amendment) Regulations 2026

Parliamentary debate

Parliament will debate draft regulations amending rules on overseas entities and limited liability partnerships, focusing on company law application and beneficial ownership transparency. The regulations tighten registration requirements and anti-money laundering protections for foreign-owned businesses operating in the UK, closing loopholes that have previously allowed hidden ownership.

These amendments strengthen financial crime prevention and tax compliance by making it harder for criminal networks and corrupt officials to launder money through UK corporate structures. Businesses operating overseas operations or using LLP structures will face stricter reporting requirements, improving transparency across the economy.

Economy & Jobs (General)Tax & Public Finances

MPs most likely to speak

Dr Ben SpencerConservative and Unionist Party

Runnymede and Weybridge

Shadow Science — portfolio topic overlap (35pts); Spoken on economy-jobs, fiscal-policy, agriculture (245 times, 40pts); Known positions: technology: questioning, technology: opposed, technology: supportive (30pts)Voting record

Dan TomlinsonLabour Party

Chipping Barnet

Exchequer Secretary — portfolio topic overlap (35pts); Spoken on economy-jobs, fiscal-policy, agriculture (241 times, 40pts); Known positions: fiscal-policy: supportive, economy-jobs: supportive, agriculture: supportive (30pts)Voting record

Sir Stephen TimmsLabour Party

East Ham

Minister of State — portfolio topic overlap (35pts); Spoken on economy-jobs, fiscal-policy, technology (189 times, 40pts); Known positions: economy-jobs: supportive, labour-market: supportive, fiscal-policy: supportive (30pts)Voting record

Dame Angela EagleLabour Party

Wallasey

Minister of State — portfolio topic overlap (35pts); Spoken on economy-jobs, fiscal-policy, agriculture (96 times, 40pts); Known positions: agriculture: supportive, agriculture: neutral, agriculture: opposed (30pts)Voting record

Dame Harriett BaldwinConservative and Unionist Party

West Worcestershire

Shadow Business and Trade — portfolio topic overlap (35pts); Spoken on economy-jobs, fiscal-policy, agriculture (462 times, 40pts); Known positions: economy-jobs: opposed, fiscal-policy: opposed, economy-jobs: questioning (30pts); Committee: treasury committee (20pts)Voting record

Seventh Delegated Legislation Committee: The draft Register of Overseas Entities (Protection and Trusts) and Limited Liability Partnerships (Application of Company Law) (Amendment) Regulations 2026

MPs most likely to speak

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