Members
Parliament
Transparency

E. Grant Gibbons

1169
Speeches
249,853
Words Spoken
36
Sittings Active
3 Nov 2017 House of Assembly
Official Hansard Report
73 words
There were some other Bills as well, but we will not go there, Mr. Speaker. But anyway, I just thought it would be useful, for those Members who did not know the history, to say that he was a great steward of that particular piece of legislation that, obviously, led to the further development of our reinsurance industry in Bermuda, …
3 Nov 2017 House of Assembly
Official Hansard Report
608 words
Thank you, Mr. Speaker. Mr. Speaker, first of all, let me start by saying that I appreciate the brief from the Minister, at least his reading of the brief. I think that it helps to put the piece of legislation in perspective. He mentioned consultation. Indeed, there certainly was consultation. It was a very short period of consultation, but my …
3 Nov 2017 House of Assembly
Official Hansard Report
2,327 words
And even as far back as the 1990s, I can remember when I was Minister of Finance, actual company consents were still coming to the Minister of Finance at that time and were individu-ally signed-off on. Obviously, that has changed over the years in an effor t to be, shall we say, more rapid in terms of actual incorporation. But …
3 Nov 2017 House of Assembly
Official Hansard Report
189 words
Thank you, Mr. Chairman. I am on page 4, [section] 98E and it is [section] 98E(1)(a ) which is part of the definition of “beneficial owner.” I am just curious. I just want . . . I think it would be useful to get some confirmation, but the definition of “beneficial owner” here is taking the international stand-ard, which is …
3 Nov 2017 House of Assembly
Official Hansard Report
29 words
Sorry, Mr. Chairman. What is under consideration? The BMA moving to a 25 per cent threshold. or the BMA looking at moving this to a 10 [per cent threshold]?
3 Nov 2017 House of Assembly
Official Hansard Report
431 words
Thank you, Mr. Cha irman . I am moving to page 6, [section] 98H. And [section] 98H(2) defines the minimum information that is required for the beneficial ownership register and proceeds through a series of things like the full name, na-tionality, date of birth, and that sort of thing. It gets down to [section] 98H(2)(d) here where it says, “ …
3 Nov 2017 House of Assembly
Official Hansard Report
113 words
Yes, thank you. I guess that is not really getting at the question I am asking. Let us suppose you have an existing company, and the existing company comes in under the transition period (which we wil l get to later in the clauses) where the existing company has to set up a register and also has to file with …
3 Nov 2017 House of Assembly
Official Hansard Report
239 words
Yes, thank you, Mr. Chai rman. I get the point about winding up a company or a company that goes into dissolution or is struck -off. I 486 3 November 2017 Official Hansard Report Bermuda House of Assembly mean, there is a requirement there for the information to be kept for five years. But you are going to have, well, …
3 Nov 2017 House of Assembly
Official Hansard Report
306 words
Thank you, Mr. Chairman. And I thank the Minister. That was the answer I was looking forward to because otherwise it is additional paperwork and an additional burden on compa-nies having to go back and try to figure out . . . particularly those where shares are changing fairly frequently. I am on the same page, actually the earlier page …
3 Nov 2017 House of Assembly
Official Hansard Report
169 words
Thank you, Mr. Chairman. Yes, just going back to [section] 98R here which essentially carves out any PATI requests. This is, obviously, a pretty sensitive area, and all [section] 98R does is essentially say that if there is a PATI re-quest then it can be declined under the basis of this particular Bill. I think the concern, in addition to …
3 Nov 2017 House of Assembly
Official Hansard Report
195 words
Thank you, Mr. Chairman. Mr. Chairman, I appreciate the Minister’s comment, but I think I would like to underscore the point made by my colleague. It would have been helpful to perhaps have these amendments before lunch. I do not think they were done over lunch, but I may be wrong about that, because it is very difficult to look …
3 Nov 2017 House of Assembly
Official Hansard Report
158 words
Thank you, Mr. Chairma n. Clause 19. Before lunch I raised a question as to whether this was a typo or needed amendment. It is the last sentence there . . . well, actually, it is the last line. It says: “The Minister may by order subject to the negative resolution procedure repeal or amend any provision . . .” …
3 Nov 2017 House of Assembly
Official Hansard Report
204 words
Sorry, I missed that. Sorry, so it is considered to be a typographical error, an omission basically? Okay, fair enough. Mr. Chairman, while I am on my feet, over the page, on page 30, under clause 20(2) I just wanted to get a little more clarity in terms of this six -month fil ing date. So these would be for …
20 Oct 2017 House of Assembly
Official Hansard Report
161 words
Thank you, Mr. Speaker. Mr. Speaker, in the Minister’s Statement, she indicates that obesity and lifestyle choices that cause it also lead to the early onset of preventable diseases. The Minister and maybe Honourable Members will be aware that an economist, a couple of weeks ago, Richard Thaler, won the Nobel Prize in Economics — an interesting fellow, because he …
20 Oct 2017 House of Assembly
Official Hansard Report
65 words
Thank you, Mr. Speaker. Mr. Speaker, on page 3, the Honourable Member in her Statement talks about disclosure of hospi tality and indicates that “an official form will be created and distributed electronically to each Minister and Ministry to ensure that this mandate is operationalised” and talks about things like high- end dinners. My question is, to whom will this …
20 Oct 2017 House of Assembly
Official Hansard Report
3 words
Supplementary. Thank you.
20 Oct 2017 House of Assembly
Official Hansard Report
21 words
Thank you, Mr. Speaker. So, the Minister then is saying, I guess, that the disclosure form will not be made public?
20 Oct 2017 House of Assembly
Official Hansard Report
4 words
It is a supplementary.
20 Oct 2017 House of Assembly
Official Hansard Report
5 words
Yes, thank you, Mr. Speaker.
20 Oct 2017 House of Assembly
Official Hansard Report
23 words
So, can the Minister tell us whether the disclosure form will be made public at any point, either online or through other means?