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Shares: Sales Methods

Volume 475: debated on Tuesday 6 May 2008

To ask the Secretary of State for Business, Enterprise and Regulatory Reform what the role of Companies House is in combating illegal share sale boiler room operations. (203628)

Companies House fulfils the following functions under company law:

The incorporation, dissolution and restoration of limited companies.

The maintenance of a register of information filed by companies under the Companies Acts and related legislation, which it makes available for public inspection.

This means that information from the companies register is available to law enforcement agencies, with whom Companies House has a working relationship.

Companies House does not have a role in regulating sales of shares or in pursuing people who may have committed financial crime.