Note to Directors – Summary of key Issues under ECCTA

The Economic Crime & Corporate Transparency Act 2023 (ECCTA) is significant new legislation that gives Companies House new and enhanced powers to disrupt economic crime. Those responsible for corporate governance will need to understand how the changes affect their organisation, as many day-to-day, longstanding company processes are changing.

Use this note to brief directors on the practical impact of the ECCTA

This template is a short summary note to directors, typically sent by a company secretary or company administrator. It is designed to give directors a clear, go-to overview of the ECCTA points most likely to affect them and the company, and the action that needs to be taken in response.

What this directors’ note focuses on

The note is intended as a summary rather than a detailed briefing. It concentrates on practical implications and includes a helpful list of action points for companies to consider as the ECCTA is implemented, including changes to onboarding processes for new directors.

Implementation phases and identity verification updates

The first phase of implementation of the ECCTA began in March 2024 and is reflected in this note. This template was most recently updated in September 2025 in relation to identity verification (IDV) requirements, following confirmation that the IDV regime will be mandatory for new and existing directors and PSCs from 18 November 2025.

Companies House guidance in relation to the IDV process is available here.

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