Understanding the Proposed Identity Verification Process by Companies House

Introduction

The Economic Crime and Corporate Transparency Act (ECCTA) received Royal Assent on 26 October 2023 and marks a significant shift in the UK's approach to corporate governance. Once fully implemented, the ECCTA will fundamentally transform the Companies House Register, introducing a range of changes that will impact every company listed.

One of the most important reforms under the Act is the introduction of a new identity verification process designed to combat misuse of companies for illegal activities. This means that anyone involved in the establishment, operation, ownership, or control of a UK company will be required to verify their identity.

If you advise companies or engage with Companies House filings, this brief yet informative webinar is tailored to provide you with a clear overview of the changes and what they mean for you and your clients.

What You Will Learn

This webinar will cover the following:

• Why identity verification is being introduced
• Timeline and fees - Including the implementation plan published in October 2024
• ‘Changes to UK company law’ website (and other tips to remain up to date)
• Who will need to verify their identity?
• How to verify your own identity - including a breakdown of the three methods available and the documents required
• Verification when appointing a director or identifying a PSC - a process map
• Verification via an Authorised Corporate Service Provider (ACSP) (and how to become an ACSP)
• Summarising who can file documents at Companies House

This webinar was recorded on 11th February 2025

You can gain access to this webinar and 1,700+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.