Corporate transparency and register reform: implementing the ban on corporate directors

The government has announced wide ranging reforms to the powers and role of Companies House, to improve business transactions and tackle economic crime. This follows previous consultations on Corporate transparency and register reform and Company ownership.

We are now consulting on 3 detailed areas of reform:

• Implementing the ban on corporate directors (this page): to tackle opaque corporate structures, this consultation proposes that corporate directors will be prohibited unless their own boards comprise all natural persons, and those natural persons have their identities verified.

and

• Powers of the registrar – closing date 3 February 2021
• Improving the quality and value of financial information on the UK companies register – closing date 3 February 2021

See the BEIS consultation privacy notice.

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