UK Act of Parliament
2023
United Kingdom
Economic Crime and Corporate Transparency Act 2023
At a glance
- obligations
- 37
- penalties
- 35
- can imprison
- 5
- guides
- 2
Enforced by
Source status
Primary legislation · United Kingdom · In force
Linked content
37 compliance obligations, 2 practical guides
Key facts and requirements
What this Act requires of businesses, grouped by the kind of obligation.
Management duties
- Companies House must protect sensitive partnership information from the public s.137
- Ensure your registered office and address are 'appropriate' s.028
Other requirements
- Protect partners' private residential addresses and dates of birth s.139
Offences and prohibitions
- Act as director while subject to sanctions 2 years imprisonment s.036
- Act as director while subject to sanctions disqualification Unlimited fine s.038
- Allow director to act without ID verification Unlimited fine s.043
- Corporate liability for senior manager economic crime Unlimited fine s.196
- Disclose directors' address information unlawfully Unlimited fine s.095
Registration and licensing
- Provide a registered email address in your next confirmation statement s.030
- Verify your identity if you are a Person with Significant Control (PSC) s.064
Reporting and filing
- Provide a one-off full list of members in your next confirmation statement s.050
- Register changes in trust beneficiaries for overseas entities s.163
- Secretary of State must report on the operation of economic crime measures s.213
Relevant guidance
Practical guides for businesses affected by this Act.
Enforcement and responsible bodies
The regulators that administer or enforce this legislation.
Registration and regulation of UK companies. Maintains the public register of companies, enforces filing requirements for annual accounts and confirmation statements. Gateway …
Financial Reporting Council
Regulates auditors, accountants, and actuaries. Sets UK Corporate Governance Code and Stewardship Code. Monitors corporate reporting and audit quality. Planned to become …
Solicitors Regulation Authority
Regulates solicitors and law firms in England and Wales. Sets standards, authorises firms, investigates misconduct, and can impose sanctions including fines and …
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Regulators
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