Essential Corporate News – Week ending March 4, 2022
On February 28, 2022 the Department for Business, Energy and Industrial Strategy (BEIS) published a White Paper setting out the government’s position (ahead of introducing legislation into Parliament) in relation to reforms to Companies House which are aimed at contributing to government priorities in national security and anti-corruption, fraud and boosting enterprise. The reforms cover the transformation of Companies House, new powers for the Registrar of Companies (Registrar), identity verification for directors and others, improved privacy protections, greater powers to share data and reforms to improve the quality of financial information on the register.