Changes to UK company law. The Economic Crime and Corporate Transparency Act.

Who is affected by the changes

Under the Economic Crime and Corporate Transparency Act, there’ll be 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 agents  

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 agent with Companies House. Authorised agents are also known as Authorised Corporate Service Providers (ACSPs). 

We’ll publish more information soon about how to register as an authorised agent.  

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.