CONSULTATION ON THE BIGGEST CHANGES FOR UK COMPANIES HOUSE SINCE 1844

On 29th May, Companies House issued a release about a consultation document released on 5th May on changes proposed in respect of corporate transparency and reform of the register.  The package of reforms is described as a big milestone for Companies House and will be the most significant change since the register was created in 1844.  The proposals include –

  • that directors, people with significant control (PSC) and those filing information should have their identity verified;
  • whether more information should be disclosed about shareholders;
  • extending the powers of Companies House to query information and making it easier to remove inaccurate information;
  • to change the way it stores and controls access to personal information; and
  • to see the exchange of intelligence with other organisations made easier so it can quickly identify possible criminal behaviour.

Responses are required by 5th August.

https://www.gov.uk/government/news/have-your-say-on-the-future-of-companies-house

 

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

 

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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