LSEG response to the BIS discussion paper on trust and transparency

London Stock Exchange Group has submitted a response to the BIS discussion paper: "Transparency & trust: enhancing the transparency of UK company ownership and increasing trust in UK business". In our response we say:

  • the exemption from the register of beneficial ownership should be extended to all companies that comply with the UKLA's Disclosure and Transparency Rules, since all these companies are already publishing this information
  • We support the phasing out of bearer shares
  • We question whether the Companies Act is the appropriate place to introduce sector-specific regulation for banks