Publication
Regulation Around the World: Open Finance
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
Companies House guidance on verification for corporate trustees
United Kingdom | Publication | April 2025
Under the Economic Crime and Corporate Transparency Act 2023, new regulatory requirements mean company directors and other individuals will need to verify their identity. These measures will affect corporate trustees.
From April 8, 2025, company directors, persons with significant control, relevant officers of a registrable relevant legal entity and members of limited liability partnerships can choose to verify their identity with Companies House. From Autumn 2025, verification is due to become mandatory for new directors. There is expected to be a 12-month transition period for existing directors and other affected persons, with their identities being required to be verified by Autumn 2026.
Guidance on the new requirements has been published by Companies House.
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Recent publications
Publication
Essential Corporate News – Week ending 4 July 2025
On 3 July 2025 the UK Takeover Panel (Panel) published PCP 2025/1: Dual class share structures, IPOs and share buybacks (Consultation) setting out a proposed framework for the application of the UK Takeover Code (Code) to companies with dual class share structures (DCSS companies).
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