§ Mr. Dickensasked the Secretary of State for Trade and Industry if he is satisfied with the structure and safeguards for the public in the formation of limited companies in the United Kingdom where directors and nominated shareholders are resident overseas and subject to a different legal framework; and if he will make a statement.
§ Mr. Fletcher[pursuant to his reply, 25 June 1985, c. 346]: I see no reason why shareholders (or those who act on their behalf) and directors of companies registered in Great Britain should necesarily reside here. But if my hon. Friend has any specific reasons for recommending a change in the law consistent with our international obligations I would be interested to learn of them.