UK Government Released a Policy Paper for Companies House following The ECCTA

The plan of changes affect the responsibilities of new and existing company directors, people with significant control of a company #PCS, and anyone who files information on a company’s behalf.

Key future changes include:

➡️ Implementing a faster process for striking off companies where the company has been formed on a false basis;

➡️ Beginning to verify the identity of existing directors and PSCs and requiring verification as part of incorporation and new appointments going forward; and

➡️ Requiring all limited partnerships to submit more information to Companies House.

✅ Firms incorporated in the UK should ensure robust plans are in place to meet the new reporting requirements at the milestones outlined in the transition plan.