Premier David Burt pledged in no uncertain terms, that the public register of beneficial ownership proposed by the British Government will not see the light of day on – not on his watch.
In a fierce Ministerial Statement delivered in the House of Assembly on Friday, Premier Burt told MPs the plan to make Overseas Territories publish their registers of company ownership by 2020, is a “direct assault”.
It showed, what he termed, a “wanton disregard for the unique constitutional position of Bermuda”.
In a Ministerial Statement entitled ‘The British Government vs The Bermuda Constitution’, the Premier told MPs that the legislative power of the UK Parliament over Bermuda can only be done with the consent of Bermuda’s legislature.
And he cited the abolition of capital punishment as an example.
Using a phrase “often uttered” by the late Julian Hall, another former member of the Lower House, Mr Burt said: “Let me be pellucidly clear”……
“There will be no public register of Beneficial Ownership in Bermuda until this Honourable House, elected by the people of Bermuda votes to implement one!
- Feature Photos Courtesy of Bermuda Business Development Agency (BDA) taken at BDA’s Team Bermuda held at Coindesk and Bloombery LP on Thursday, May 3, 2018