Register of Members (basic) including Economic Crime & Corporate Transparency Act changes 
The Economic Crime & Corporate Transparency Act 2023 (ECCTA) is making changes to the register of members. Most significantly this includes (1) removing the option to keep the register on the central register at Companies House, therefore the register of members will have to be maintained as an internal local register; and (2) a new definition of a member’s name whereby a forename and surname must be included with no initials or abbreviations allowed, as well as greater powers for a company to obtain information from members.
In consideration of these changes, the template register of members has been updated. It is expected that all the changes that will affect the register of members will be implemented during 2024. For newly incorporated companies or companies making changes to their register of members, it is recommended to transition to this version now as this will become the default version by the end of 2024.
Further information in relation to the register of members can be found in our guidance note which includes a discussion of where the register must be kept, the inspection regime, the obligations on companies to comply with requests for inspection as well as the changes being implemented under the ECCTA.
Given the inspection regime, the statutory register should only include the information required by statute and not any additional information. Additional information may be included in an alternative internal company register separate from the statutory register. See our long form register of members which includes more detail.
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Register of Members (basic) including Economic Crime & Corporate Transparency Act changes is part of Corporate Documents. Just £35.00 + VAT provides unlimited downloads from Corporate Documents for 1 year.