division_name: Economic Crime and Corporate Transparency Bill - <i>Report (1st Day)</i> &#8212; Amendment 16
motion: <p class="italic" pid="a152.1/1" pwmotiontext="unrecognized">Moved by Lord Vaux of Harrowden</p>
  
  <p class="italic" pid="a152.1/2" pwmotiontext="unrecognized">16: Clause 46, page 36, line 14, at end insert&#8212;&#8220;113BA Required information about members: nomineesThe required information about a member includes a statement by the individual, or where the member is a body corporate, or a firm that is a legal person under the law by which it is governed, by an officer of that body corporate or firm, as to whether or not they are holding the shares on behalf of, or subject to the direction of, another person or persons, and if they are&#8212;(a) where any such person is an individual, the information required by section 113A in relation to that individual;(b) where any such person is a body corporate or firm that is a legal person under the law by which it is governed, the information required by section 113B in relation to that body corporate or firm.&#8221;Member&#8217;s explanatory statementThis amendment would require a person or firm holding shares as a nominee to declare whether or not that is the case, and to provide the details of the person or persons on whose behalf, or under whose control the shares are held. This would assist the company in identifying Persons of Significant Control, and would introduce an offence for a nominee who did not declare themselves as such.</p>
  
  <p pid="a152.2/4" pwmotiontext="yes">Ayes 218, Noes 175.</p>