UK Parliament / Open data

Serious Crime Bill [HL]

Can the Minister clarify a point that is troubling me greatly? I recognise that I am now so confused that I am probably asking the question in the wrong place. Do the clauses deal with my long-standing concern about whether in future the Stock Exchange council will be allowed to disclose to shareholders where a criminal offence has formerly been committed by someone moving to a position of authority and power in a public listed company? Some notable instances of that have led to direct fraud. The noble Lord, Lord Dear, and I share one common experience of this, for some £80 million of theft, and I have another one with the SFO that amounted to £400 million by a man who had a previous conviction for fraud in a foreign jurisdiction. Will the provisions overcome the Stock Exchange objection in the past that it could never tell anyone because it was prohibited from doing so under data protection and the workings of the Rehabilitation of Offenders Act?
Type
Proceeding contribution
Reference
690 c1286 
Session
2006-07
Chamber / Committee
House of Lords chamber
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