The Department of Business, Energy and Industrial Strategy (BEIS) has opened a consultation on ‘Corporate transparency and register reform’.  This considers wide ranging and radical reforms.

Its reform proposals cover:

  • The type of information companies to disclose with Companies House.
  • Increasing ID checks on directors and persons of significant control, allowing third party agents to make ID checks, monitoring those who are setting up companies.
  • Measures to improve the exchange of intelligence between Companies House and UK Law Enforcement bodies.
  • New penalties for certain failures and to prevent abuse.
  • Measures to protect personal information.

BEIS is seeking the views of everyone, its lists the following people and organisations:

  • Directors of companies 
  • Shareholders 
  • Business representative bodies
  • Wider civil society groups
  • Academics and think tanks
  • Members of the public

Responses by 9 August 2019

As this is a fairly hefty consultation document, BEIS have provided the consultation questions via an online ‘survey’ which simplififies the process of making a response.

BEIS consultation Response survey

BEIS consultation: Corporate transparency and register reform

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