Companies House Reforms
The government is running an open consultation until 5 August 2019, on reforms to Companies House and its register.
The reforms will focus on limiting the risk of misuse of the register and proposals as to how to “better” the current system, to reduce fraud and the misuse of personal details. In the last three years, there have been nearly 10,000 complaints to Companies House from individuals concerned about their personal information being held on the register.
The government is now seeking views from a variety of organisations as well as individuals such as, directors of companies, company shareholders and the investor community,academics think tanks and wider members of the public to consider howreforms can tackle current misuse of the register.
The consultation will focus on:
- knowing who is setting up, managing and controlling companies
- improving the accuracy and usability of data on the companies register
- protecting personal information on the register
- ensuring compliance, sharing intelligence and other measures to deter abuse of corporate entities.
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Please note the contents of this blog are given for information only and must not be relied upon. Legal advice should always be sought in relation to specific circumstances.