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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations are the sixth commencement regulations made under the Economic Crime and Corporate Transparency Act 2023 (c. 56, “the 2023 Act”). Part 2 of the Regulations commences certain provisions in Part 1 of the 2023 Act (companies etc). Part 2 does not commence provisions of the 2023 Act which require—

  • companies to provide statements that their directors and people with significant control (“PSCs”) are not disqualified from acting as a director;

  • corporate directors and registrable relevant legal entities of companies to provide a service address;

  • registrable relevant legal entities to have a relevant officer whose identity is verified.

Part 3 of the Regulations makes transitional provision concerning the identity verification of company directors and PSCs and Part 4 makes transitional provision in relation to notification of changes to company directors, secretaries and PSCs.