Companies House Proposed Identity Verification Process - An Overview

Introduction

The Economic Crime and Corporate Transparency Act (ECCTA) received Royal Assent on 26 October 2023. The ECCTA, once in force, will radically change the nature of the Companies House Register. Many of the proposed changes will affect every company on the register.

One proposed reform is the introduction of a new identity verification process to help deter those wishing to use companies for illegal purposes. Anyone setting up, running, owning, or controlling a company in the UK will need to verify their identity.

If you are involved in advising companies (or have any dealings with Companies House filings), then this short webinar is for you.

What You Will Learn

This webinar will cover the following:

• Why identity verification is being introduced
• Timeline and fees
• ‘Changes to UK company law’ website (and other tips to remain up to date)
• Who will need to verify their identity?
• How to verify your own identity
• Verification when appointing a director or identifying a PSC - a process map
• Verification via an Authorised Corporate Service Provider (ACSP) (and how to become an ACSP)
• Summarising who can file documents at Companies House

This webinar was recorded on 27th March 2024