The governments of Guernsey, the Isle of Man and Jersey have raised strong objections to several amendments that are being proposed to the UK’s Financial Services (Implementation of Legislation) Bill.
The proposed amendments attempt to impose public registers of beneficial ownership for all Crown Dependencies and Overseas Territories.
In a statement the Crown Dependencies said they are not represented in the UK Parliament, and it is a respected constitutional position that the UK does not legislate for the Crown Dependencies on domestic matters without their consent.
