A pro-Brexit supporter demonstrate in central London, Britain, December 9 2018. Picture: REUTERS/DYLAN MARTINEZ
The main sticking point is a proposed cross-party amendment to the Financial Services Bill led by former international development secretary Andrew Mitchell. It calls for British overseas territories and crown dependencies to publish a register of the real owners of companies by the end of 2020 — three years earlier than the UK government planned to make it obligatory.
The Financial Times reported that leaders of the three jurisdictions would travel to London on Monday to warn against the proposals.Debate on the bill — considered vital in the event the UK leaves the EU without a deal on March 29 — was scheduled to start on Monday afternoon and conclude by 10pm. While it was listed on parliament’s order paper, it later disappeared from the online schedule.