An Update on the Economic Crime and Corporate Transparency Act (Aug 23)
Category: Company Law & Insolvency | Duration: 1hr | Tag: VODCLCOUK23S1 | Type: Video | Course Level: Need to Know | Speaker: Claire Thomson | Date: 10/08/2023 10:00
Course Details
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.
In this session Claire Thomson covers 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.
CPD Course Speaker
Grant Thornton
Claire Thomson
Claire is a qualified Chartered Accountant with the Institute of Chartered Accountants of Scotland, and trained with Grant Thornton Ireland. She spent 5.5 years in corporate audit, before moving to the firm’s risk & compliance team, where she spent 6 years supporting the all-Ireland practice as their UK financial reporting subject matter expert.
After a year in OmniPro’s Practice Support team, where she delivered webinars, developed technical content and provided post-monitoring support to firms, she has now joined Grant Thornton Northern Ireland, where she is Head of UK Financial Reporting and Accounting Technical, providing UK technical advice and support to local and international offices.
After a year in OmniPro’s Practice Support team, where she delivered webinars, developed technical content and provided post-monitoring support to firms, she has now joined Grant Thornton Northern Ireland, where she is Head of UK Financial Reporting and Accounting Technical, providing UK technical advice and support to local and international offices.