§ Mrs. ClwydTo ask the President of the Board of Trade what mechanisms exist between the United Kingdom Government and the Governments of the(a) Isle of Man and (b) Channel Islands to ensure the regulation of companies operated by United Kingdom nationals from the United Kingdom and registered in (a) and (b). [7367]
§ Mr. SackvilleI have been asked to reply.
Information passes regularly between regulatory bodies of the United Kingdom and the Crown dependencies. Each of the Crown dependencies regulates companies incorporated within its jurisdiction in different ways. Companies operated in the United Kingdom by United 756W Kingdom nationals are subject to regulation under United Kingdom law in respect of activities carried out in the United Kingdom wherever they are registered.