The UK will require overseas territories to:

1. Allow HMRC access to company beneficial ownership information without restriction

2. Competent authorities should be able to quickly identify all companies that a particular beneficial owner has a stake in without needing to submit multiple and repeated requests and

3. Companies or their beneficial owners must not be alerted to the fact that an investigation is under way.

The majority of overseas territories and the Crown Dependencies of Jersey, Guernsey and the Isle of Man have indicated that the do not wish to hold central registers.