Companies House - Radical Reform of the Companies Register
Since inception, the Registrar of Companies has generally accepted information to the Companies Register on a good faith basis with limited powers to challenge or investigate the accuracy of filings.
However, with the advent of the Persons of Significant Control (PSC) Register in 2016 and subsequently in 2020 the requirement for obliged entities to use this register for KYC purposes, it has become clear that the integrity and accuracy of the Companies Register requires bolstering.
Hence in May 2019, the government consulted on proposals to improve the accuracy of data on the Companies Register, including enhancing the powers of Companies House. The government published its response in September 2020 which sets out far-reaching proposals to change the nature of the register.
This short webinar will bring you up to date with these proposals and what they will mean for companies, LLPs and Limited Partnerships.
The webinar will run through the key proposals from the response, explaining where appropriate why they have come about, how they are likely be implemented and when this may take place.
What You Will Learn
This webinar will cover the following categories:
- Identity verification for directors, PSCs and those filing information at Companies House
- Extension of Companies House powers to investigate, corroborate, reject, amend and/or remove information
- Protection of personal information
- Reform of company accounts
- Other proposals to enhance transparency and tackle abuse such as the introduction of new systems to cross-reference data and make dissolved company records since 2010 available
This webinar was recorded on 7th December 2020
at your organisation