The Economic Crime and Corporate Transparency Bill (the Bill) was introduced in the House of Commons  on 22 September 2022.

The long title to the Bill notes that it is a Bill “to make provision about economic crime and corporate transparency; to make further provision about companies, limited partnerships and other kinds of corporate entity; and to make provision about the registration of overseas entities..”

The Bill is subject to the legislative consent process under Standing Order 29 (PDF 599KB). This is when the consent of the Welsh Parliament is sought by the UK Government to legislate on an issue which falls  within the competence of the Senedd.

Supplementary Legislative Consent Memorandum – January 2023

On 3 January 2023 the Welsh Government laid a Supplementary Legislative Consent Memorandum (PDF 170KB).

The Business Committee agreed (PDF 39.1 KB) that the Supplementary Legislative Consent Memorandum on the Economic Crime and Corporate Transparency Bill will be considered and reported on, to the Senedd, by 9 March 2023

Legislative Consent Memorandum – November 2022

The Welsh Government laid a Legislative Consent Memorandum (PDF 143KB) on the Bill before the Senedd on 29 November 2022.

The Business Committee referred the LCM to the Economy, Trade and Rural Affairs Committee and the Legislation, Justice and Constitution Committee with a reporting deadline of 2 March 2023 (PDF 28.9KB)

On 10 January 2023, the Business Committee agreed (PDF 39.1KB) a new reporting deadline of 9 March 2023.