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In the single biggest change to the role of the UK Registrar of Companies since it was created in 1844, the Economic Crime and Corporate Transparency Bill 2022 seeks to make a number of modifications to company law with the aim of enhancing corporate transparency and reducing economic crime. To facilitate this, the Bill seeks to make further provisions about companies, limited partnerships, and other kinds of corporate entities, and around the registration of overseas entities.

The legislation, on receiving Royal Assent, will affect all those who interact with Companies House, whether individuals or entities. It will affect all directors, secretaries, and people with significant control of entities registered at Companies House, as well as the entities themselves, including companies, limited partnerships, limited liability partnerships and overseas entities. There will also be an impact on agents of such entities, such as those who provide company secretarial services. This session will focus on the provisions most likely to impact UK entities and associated individuals.

In this session Claire Thomson will cover the following topics:

• A summary of the main changes that the legislation is bringing in
• The implication of these changes for accountants and their clients
• How accountants can prepare for implementation
• Expected timelines for implementation.

By attending this session, accountants will be equipped to support their clients through the significant reforms that will impact UK companies and associated individuals.

The session will be targeted at those who provide financial reporting or company secretarial services to UK entities.   

Course Level: Need to Know