New Clause 7: Economic Crime (Transparency and Enforcement) Bill
New Clause 7 - 38A Further reforms to Companies House
“(1) Not later than 28 days from when Part 1 of this Act comes into force, the Secretary of State must publish draft legislation for the purpose of making further reforms to Companies House, including to support the effective functioning of the register of overseas entities.
(2) The draft legislation must include—
(a) new powers for the registrar to aid the verification of foreign entities applying for registration as set out in section 4 of this Act;
(b) new powers for the registrar to better share data with enforcement agencies; and
(c) reforms that will improve the quality and veracity of the information on the register.”—(Jonathan Reynolds.)