Publication
Essential Corporate News – Week ending 23 May 2025
The Companies and Limited Liability Partnerships (Annotation) Regulations 2025 and an accompanying Explanatory Memorandum were published on 14 May 2025.
Corporate Directors: New regulations require identity verification
United Kingdom | Publication | February 2025
On January 20, 2025, regulations were made regarding the identity verification of corporate directors, including those of corporate pension scheme trustees. There is no indication when they will come into force.
The Companies Act 2006, as amended by the Economic Crime and Corporate Transparency Act 2023, will require those involved in setting up and running companies to verify their identity. Verification can be obtained via either the registrar of companies, or by an authorised corporate service provider, according to the procedure set out in the regulations. Once verified, each individual will have a unique identifier allocated to them.
More detail on the verification process, including information that will need to be submitted, will be set out in rules published by the registrar. Companies House will also produce guidance on undertaking successful identity verification checks.
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Recent publications
Blog
Surplus to requirements? Why the Government wants more law on returning surplus
In this our latest blog on Mansion House reforms, we turn from DC to DB, and more specifically to those record surpluses that many schemes are now enjoying.
Publication
UK Pensions Briefing | Pensions Regulator publishes its first Annual Funding Statement under the new funding code
The Regulator’s annual funding statement for private sector DB schemes was published on April 29, 2025. It is the first such statement since the new DB funding regime came into force from September 22, 2024, onwards.
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