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The reforms in the Economic Crime and Corporate Transparency Act 2023 represent the most extensive enhancement to Companies House’s powers since its inception, whilst significantly extending its role. The legislation introduces new powers to disrupt economic crime and drive greater transparency and accountability through the UK’s corporate registers. It also aims to improve the accuracy of Companies House data and strengthen the UK's reputation as a place where legitimate business can thrive. This session will set out these changes in detail, so offering an opportunity for attendees to acquire an in-depth understanding of the implications for their roles.

In this session Sarah Whitehead will cover the following topics:

• An overview of the Companies House Strategy 2025-30 and how this is guiding the organisation in delivering the reforms set out in the Economic Crime and Corporate Transparency Act (ECCTA) 2023
• An update on the planned implementation of accounts reforms set out in the ECCTA
• An update on the implementation of Identity Verification (IDV)
• An outline of the responsibilities of Authorised Corporate Service Providers (ACSPs) and the compliance arrangements for these
• An outline of Companies House new powers to tackle economic crime

By attending this session, you will…

• Acquire an in-depth understanding of the scope of the legislative changes introduced by the Economic Crime and Corporate Transparency Act 2023.
• Develop a greater awareness of the implications of the accounts’ reforms introduced by the ECCT Act for company directors, accountants and relevant company roles.
• Expand your knowledge of these reforms, and their implementation timetables, as well as what action you may need to take in response.

This session will be of most interest to

• Accountants
• Company Directors and Persons with Significant Control
• Corporate Governance professionals, such as Company Secretaries

Course level: Need to know