Department for Business and Trade written question – answered am ar 21 Chwefror 2024.
Geraint Davies
Annibynnol, Gorllewin Abertawe
To ask the Secretary of State for Business and Trade, if she will make it her policy to monitor firms with financial ties to sovereign wealth funds originating from countries that do not have transparent and democratic systems to ensure the (a) effective allocation, (b) efficient implementation and (c) transparent reporting of committed funds.
Kevin Hollinrake
Parliamentary Under Secretary of State (Department for Business and Trade)
The UK is an open economy and we welcome global investment. UK firms that have financial ties to Sovereign Wealth Funds already have to abide by the UK's regulatory regimes for corporate practice, including the Companies Act, 2006.
Yes1 person thinks so
No2 people think not
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