Who is affected by the changes
Under the Economic Crime and Corporate Transparency Act, there are new responsibilities for:
- all new and existing company directors
- people with significant control of a company (PSCs)
- anyone who files on behalf of a company
Company types and other corporate entities
The new legislation generally applies to all entities registered with Companies House, including:
- private limited companies
- public limited companies (PLCs)
- limited liability partnerships (LLPs)
- limited partnerships (LPs)
- community interest companies (CICs)
- overseas companies
The legislation applies to companies and other entities registered in England and Wales, Scotland, and Northern Ireland.
Authorised Corporate Service Providers
The legislation will also apply to anyone who files on behalf of clients, such as accountants and company formation agents.
You’ll need to register as an Authorised Corporate Service Provider (ACSP) with Companies House.
Read information on how to register as an ACSP.
New companies
If you’re planning on starting a new company or another entity type, you’ll need to consider the changes and new responsibilities introduced by the act. It’s important to understand how these changes will affect you.