Background Companies House are in the process of implementing the initial stages of the Economic Crime and Corporate Transparency Act 2023 (“ECCTA”). The ECCTA received Royal Assent on 26 October 2023. It is primarily aimed at preventing the abuse of UK corporate structures and tackling economic crime, and includes new powers for the Registrar of Companies to assist with the promotion of four key objectives: Objective 1: Ensuring that any person required to deliver documents to the Registrar does so, and that they comply with the requirements relating to proper delivery. Objective 2: Ensuring that information contained in the register is accurate and contains everything it should. Objective 3: Minimising the risk of information set out in the register creating a false or misleading impression to the public. Objective 4: Minimising the extent to which companies and others carry out, or facilitate, unlawful activities.
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THE LEGAL CORNER MAGAZINE | ISSUE 010 JAN '25 HB
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