<p data-pm-slice="1 1 []">The Economic Crime and Corporate Transparency Act 2023 (‘the Act’), once fully implemented, will make substantial changes to the role of Companies House and its interactions with companies and LLPs. Notably, Companies House will transition from primarily a registrar to a regulatory body, equipped with new powers to fulfill this role. The aim is to improve transparency and provide more accurate and trustworthy registers.</p>
Given the substantial scope of these changes, they are being implemented gradually over an extended period, with the first changes introduced in March 2024. Further implementation will depend on the availability of Parliamentary time in both Houses and will be regularly monitored, with additional changes anticipated throughout 2025 and 2026.