The Economic Crime and Transparency Bill achieved Royal Assent and became law on 26 October 2023. This means there are changes ahead in Companies House measures targeted at disrupting economic crime such as identity verification for all directors and increased enforcement powers for Companies House.
Early measures include greater powers to query information provided to Companies House, new rules for registered office addresses (no PO Boxes) and for achieving better quality information on the register and data sharing with other law enforcement agencies.
At bennettbrooks, we’re dedicated to keeping you informed about developments that matter. We will provide further updates on how these measures will affect your business and what you need to do to stay compliant with the new regulations. If you have any questions or need guidance on how these changes may impact your company, please don’t hesitate to reach out to us.