Reducing the regulatory burden

Changes to companies' statutory registers and filing requirements

Corporate Alert

On 30 June 2016, changes will be made to companies' record keeping and filing requirements which are aimed at reducing the regulatory burden. These include:

  • giving private companies the option to keep their statutory registers at Companies House (rather than having to maintain their own registers); and
  • replacing the annual return with a new confirmation statement.

Following the introduction of the requirement for companies to maintain a PSC register from 6 April 2016, companies will have to provide information on their PSCs in the new confirmation statement.

The attached bulletin highlights the key changes.