Introduction to the new verification rules – if you are a director/PSC/LLP member, this will affect you
The Economic Crime and Corporate Transparency Act 2023 (ECCTA) is now being brought into force and is something that is going to impact every company and LLP registered in the UK.
The ECCTA affects several aspects of a company’s life but the most pressing is that all directors, all people with significant control (PSCs) and all LLP members and designated members are required to have their identity verified. This will become mandatory on 18 November 2025. We look at what you need to know about ID verification at Companies House.
There is a grace period, but that grace period depends upon the dates of the company’s confirmation statement. Therefore, if you are the director of a company whose CS01 is due on 25 November 2025 then directors and PSCs will find their grace period is only seven days. If the CS01 is due on 16 November 2026 (the next date the confirmation statement is due after the mandatory date) then the grace period would be just shy of a year.
The link below will take you to a Companies House page that will give you more information about why this is required and what documentation you will need to undertake this and the button to start the process is also on this page.
Having trouble with the IDV process? Main post offices can assist with this especially if you are not able to complete this online. Or we can put you in touch with a company which can help people with this process (they do make a charge though).
Blake Morgan can provide a full range of company secretarial services. We can also be appointed to act as company secretary. Our Company Secretarial team can deal with annual filings, updates to the statutory registers and recording changes to directors and shareholders, therefore reducing the administrative burden on our company clients.
Businesses operate in an ever-changing environment. There can be changes in the law, new investment, unexpected growth or changes to stakeholders. Blake Morgan supports clients through these changes, advising on updates to the articles of association, introducing shareholders’ agreements or employee share schemes and general company law compliance. Blake Morgan delivers commercial and pragmatic advice so that clients can keep pace with the ever-changing landscape.
- For more information on company secretarial, contact Sarah Carter at [email protected]
- For more information on corporate governance or company law, contact Stephen Archibald at [email protected]
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