Mandatory identity verification for company directors and people with significant control (PSCs) will commence on November 18, 2025, marking a significant reform in UK corporate governance. New directors must verify their identities at the time of registration or when accepting a directorship. Existing directors should verify their identities during their next confirmation statement within a 12-month transition window. The initiative is projected to require 6 to 7 million individuals to verify their identities by November 2026, aiming to combat fraud and improve the accuracy of the company register.
Louise Smyth CBE, Chief Executive of Companies House, stated, "identity verification will play a key role in tackling misuse of the companies register and improving the quality of corporate data in the UK."
Stephen Perkins, Managing Director at Yellow Brick Mortgages, commented, "Verifying my identity was quick and easy. It's something that should always have been in place, but wasn't."
#identity-verification #uk-corporate-governance #companies-house #corporate-transparency #fraud-prevention
Collection
[
|
...
]