The government agrees that improving transparency of ownership of UK property is an important step in improving defences against misuse of UK assets and companies by criminals and kleptocrats. That is why the government prioritised the Economic Crime (Transparency and Enforcement) Act, which received Royal Assent on 15 March. The Act introduces the Register of Overseas Entities, which will require overseas entities that own land or property in the UK to declare their beneficial owners. The register will be held by Companies House and will be publicly accessible.