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China: Private Military and Security Companies

Question for Treasury

UIN HL454, tabled on 20 May 2021

To ask Her Majesty's Government what assessment they have made of Executive Order 13959 from the President of the United States on Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies; and whether they plan to enact a similar policy.

Answered on

27 May 2021

The Government has put in place a framework to ensure that the UK has clean, transparent and safe markets, overseen by high quality independent regulators. The UK is well known as a global financial centre with high standards.

The Government has powers in place to ensure it can tackle financial threats to UK national security, for example under the Sanctions and Anti-Money Laundering Act, and the National Security and Investment Act.

It would not be appropriate for the Government to comment on financial services policy or regulation in other jurisdictions.

Answered by

Treasury