The creation of a Central Registry will be a boost for business, according to Enterprise Minister Laurence Skelly.

The Central Registry Bill completed its passage through the House of Keys last week.

It will formally establish a central registry under the auspices of the Department for Enterprise, transferring a number of functions from the General Registry and chief registrar. It also provides a ’legislative basis’ for the Criminal Injuries Compensation Scheme.

Mr Skelly said: ’The bill will complete the transfer of functions from the General Registry into a fully functioning Central Registry, which in conjunction with the wider Department for Enterprise enables it to work effectively towards the achievement of our vision to be a forward-thinking valued partner supporting island businesses and people to fulfil their potential.’

The Central Registry will comprise the civil registry, companies registry, deeds and probate registry, land registry and public record office. It will also be responsible for the charities register and the register of political parties.

The bill now moves to Legislative Council for further scrutiny, before it can become law.