Reading the bill’s publication files and writing a plain-English Green Book note…
Reading the bill’s publication files and writing a plain-English Green Book note…
Proposal 3120
A Bill to Set up a register of overseas entities and their beneficial owners and require overseas entities who own land to register in certain circumstances; to make provision about unexplained wealth orders; and to make provision about sanctions.
Appraisal prepared just now from the official papers. Next scheduled update after the next sitting or within about 24 hours.
Sponsor: Home Office
Open publications on bills.parliament.ukPlain-English note and Green Book five-case reading from the official papers — the heart of this page.
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In plain English
To what extent have interested parties and outside groups been given an opportunity to influence the policy proposal? Does the Bill include a sunset clause (as well as any appropriate renewal procedure)?
A failure to register, or to comply with the updating duty, will in most cases affect the ability of the entity to (i) acquire legal title to land as the entity will be unable to register as proprietor or owner (as the case may be) of land in the UK with the three Land Registries of England and Wales, Scotland and Northern Ireland and to (ii) sell or lease the land, or create a charge over the land, as any buyer, tenant or a mortgagee (as the case may be) would be unable to register that disposition with the (relevant) land registry in any part of the UK. Governments and public authorities 5.
The Economic Crime (Transparency and Enforcement) Bill will require any overseas entity that wishes to own UK land to take steps to identify their beneficial owner(s) and to register them. Compliance with such orders will require an amount of unknown costs such as emotional costs of responding and having property frozen and reputational damage, if assets are proven to have been accumulated lawfully.
Same bill, simpler words — a deeper read without the jargon.
Imagine the country is making a new rule. This one is about: To what extent have interested parties and outside groups been given an opportunity to influence the policy proposal? Does the Bill include a sunset clause (as well as any appropriate renewal procedure)?. The people who would notice most are: A failure to register, or to comply with the updating duty, will in most cases affect the ability of the entity to (i) acquire legal title to land as the entity will be unable to register as proprietor or owner (as the case may be) of land in the UK with the three Land Registries of England and Wales, Scotland and Northern Ireland and to (ii) sell or lease the land, or create a charge over the land, as any buyer, tenant or a mortgagee (as the case may be) would be unable to register that disposition with the (relevant) land registry in any part of the UK. Governments and public authorities 5.. If it became a real law, the everyday change would be: The Economic Crime (Transparency and Enforcement) Bill will require any overseas entity that wishes to own UK land to take steps to identify their beneficial owner(s) and to register them. Compliance with such orders will require an amount of unknown costs such as emotional costs of responding and having property frozen and reputational damage, if assets are proven to have been accumulated lawfully..
Green Book 2026 · 5 Case Model
To what extent have interested parties and outside groups been given an opportunity to influence the policy proposal? Does the Bill include a sunset clause (as well as any appropriate renewal procedure)?
It is currently at Royal Assent in the Unassigned, sponsored by Home Office.
Accountability · outcome beside Green Book evidence
Economic Crime (Transparency and Enforcement) Act 2022 became law. The official papers we read covered some Green Book cases well and left gaps in others. For accountability, the outcome sits beside a mixed evidence trail — worth reading the case notes below.
Strategic: To what extent have interested parties and outside groups been given an opportunity to influence the policy proposal? Does the Bill include a sunset clause (as well as any appropriate renewal procedure)?
Economic: Signed by the responsible Minister: Date: 12 March 2022 Impact Assessment, The Home Office Title: Reforms to Unexplained Wealth Orders (Economic Crime Bill 2022) IA No: HO0412 Other departments or agencies: N/A Date: 12 March 2022 Stage: FINAL Intervention: Domestic Measure: Primary Legislation Enquiries: EconomicCrimeEngagement@homeoffice.gov.uk RPC Opinion: Not Applicable Business Impact Target: Non-qualifying regulatory provision Cost of Preferred (or more likely) Option (in 2022 prices) Net Present Social Value NPSV (£m) 0.0 Business Net Present Value BNPV (£m) 0.0 Net cost to business per year EANDCB (£m) 0.0 What is the problem under consideration? Summary: Analysis & Evidence Policy Option 2 Description: Reforms to Unexplained Wealth Orders (Economic Crime Bill 2022) FULL ECONOMIC ASSESSMENT Year(s): Price Base 2021/22 PV Base 2021/22 Appraisal 1 Transition 1 Estimate of Net Present Social Value NPSV (£m) Estimate of BNPV (£m) Low: 0.0 High: 0.0 Best: 0.0 Best BNPV 0.0 BUSINESS ASSESSMENT (Option 2) Direct impact on business (Equivalent Annual) £m: Cost, £m 0.0 Benefit, £m 0.0 Net, £m 0.0 Score for Business Impact Target (qualifying provisions only) £m: 0.0 Is this measure likely to impact on trade and investment?
Commercial: Gap — The papers we read for this bill do not say how this would be bought, contracted or put in place.
Financial: Gap — The papers we read for this bill do not say who would pay for it, or where the money would come from.
Management: • Amend sanctions legislation to enable Ministers to impose sanctions quicker and in concert with others. (5) The Secretary of State may by regulations specify additional statements or information that must be included in an application under this section.
This is an accountability reading, not a recommendation and not a score. It does not say whether Parliament should have passed or rejected the bill. It only sets the actual parliamentary outcome beside how complete the Green Book five-case evidence was in the official papers.
These UK Acts sit in a similar policy space and are already law. Pairing uses this proposal’s official papers (and the plain-English note themes). It is not a verdict that the proposal is redundant or unnecessary.
UK Act · Royal Assent · 2019-02-13
Crime (Overseas Production Orders) Act 2019
Same policy area (“Justice / crime”) with overlapping title wording. Matched using wording from this bill’s official papersAlready law — useful context when asking whether this bill adds something new or mainly revisits covered ground.
UK Act · Royal Assent · 2024-02-28
Economic Crime and Corporate Transparency Act 2023
Same policy area (“Justice / crime”) with overlapping title wording. Matched using wording from this bill’s official papersAlready law — useful context when asking whether this bill adds something new or mainly revisits covered ground.
UK Act · Royal Assent · 2022-07-14
Police, Crime, Sentencing and Courts Act 2022
Same policy area (“Justice / crime”) with overlapping title wording. Matched using wording from this bill’s official papersAlready law — useful context when asking whether this bill adds something new or mainly revisits covered ground.
UK Act · Royal Assent · 2026-05-11
Crime and Policing Act 2026
Nearby policy wording to this bill. Matched using wording from this bill’s official papersAlready law — context only, not a verdict on whether the new bill is needed.
UK Act · Royal Assent · 2017-02-01
Policing and Crime Act 2017
Nearby policy wording to this bill. Matched using wording from this bill’s official papersAlready law — context only, not a verdict on whether the new bill is needed.