Extract from PMQ - Mar 1

Roger Mullin (Kirkcaldy and Cowdenbeath) (SNP): There is a flaw in the legislative reform order with which the Government are seeking to create private fund limited partnerships, which allows criminal-owned Scottish limited partnerships to convert easily to these new types of partnerships. Will the Prime Minister step in and delay the LRO until such time as the current Department for Business, Energy and Industrial Strategy review on SLPs is completed? [908987]

The Prime Minister: We have taken important steps to tackle money laundering, terrorist financing and other economic crimes; I oversaw the establishment of the economic crime command in the National Crime Agency. On the question the hon. Gentleman raises on SLPs, I understand that BEIS consulted last year on further transparency requirements for SLPs and will be publishing proposals soon, and that my right hon. Friend the Business, Energy and Industrial Strategy Secretary is gathering evidence which may lead to further reform.