Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-17-Speech-4-059-000"
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"en.20110217.5.4-059-000"2
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"Mr President, last October this Parliament introduced six new directives giving the EU powers to regulate the UK financial industry. On 7 February, I submitted a written question to the Commission advising it of one aspect of the UK Companies Act 1976. Section 27 of the Act gives a significant exemption to just one company, the Bank of England Nominees Limited. This exemption means that the identities of the shareholders of the Bank of England are kept secret.
I have asked the Commission if this exemption contravenes EU law and if the new regulatory bodies will have the power to require the disclosure of the names of the Bank of England’s shareholders. Of course, I and my party do not want any EU law, but the Commission and the British Government do. Presumably then, the Commission should ensure that its law is equally, consistently and transparently applied throughout its empire."@en1
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