Implementation of company law reform: updated timetable
We have covered in previous blog posts the enactment and implementation of the corporate transparency and company filing provisions of the Small Business, Enterprise and Employment Act.
Certain of the Small Business Act’s changes to company law will take effect from 10 October, including the measures to suppress the day element of the date of birth of directors and the replacement of the existing director and secretary “consent to act” procedure.
The implementation of other, more substantive, measures has been delayed, as set out in the updated provisional implementation timetable published by Companies House. In particular, companies will be required to keep a register of people with significant control (“PSC register”) from April 2016 (previously January 2016), and file PSC information at Companies House from 30 June 2016 (previously April 2016).
The implementation dates have also changed for the obligation to file confirmation statements, changes to statements of capital, optional online registers and amendments to the director disqualification regime (all now June 2016).