Summary Welcome to the Corporate Briefing, where we review the latest developments in UK corporate law that you need to know about. In this month’s issue we discuss: Mandatory identity verification for directors, LLP members, PSCs and others From 18 November 2025, new rules are being phased in which will require directors, LLP members, PSCs (people with significant control) and others to verify their identify at Companies House. Failure to do so will be a criminal offence. Removal of company registers - ECCTA Companies House has confirmed that companies will no longer need to keep their own local registers of officers and PSCs.  Move to GOV.UK One Login for access to Companies House WebFiling accounts From 13 October 2025 companies will need to use GOV.UK One Login to sign in to their Companies House WebFiling account. This article explains what companies can do now to prepare for this. Late payments The government publishes a package of measures to assist small businesses in tackling the long-standing issue of late payments.

Welcome to the Corporate Briefing, where we review the latest developments in UK corporate law that you need to know about. In this month’s issue we discuss: Takeover Panel consultation and new practice statements The proposed amendments to the Takeover Code clarify how the mandatory offer requirements apply to a company with a dual class share structure when a shareholder’s percentage of voting is increased on certain trigger events. New rules for the public offers and admissions to trading regime The FCA has published the final rules for admissions to trading on a regulated market or a multilateral trading facility (“MTF”). The new rules will come into force on 19 January 2026 with transitional provisions. Draft regulations for new reporting requirements on payment practices and performance The government has published draft reporting requirements for large companies on payment practices and performance which will apply for financial years beginning on or after 1 January 2026. NSI: exclusion of reorganisations and proposed changes to sensitive areas The government is proposing to exclude certain internal reorganisations and appointments of insolvency office-holders from the NSI regime and is consulting on changes to the sensitive areas that are subject to mandatory notification. FCA Primary Market Bulletin 56 This edition of the FCA newsletter for primary market participants looks at, among other things, its use of data and technology to monitor directors’ dealings. Digitisation Taskforce – final report July 2025 The latest report sets out key steps for removing paper share certificates and improving the current intermediated system of share ownership so investors can more effectively exercise their rights. Updated guidance – filing accounts with Companies House In the future all accounts must be filed at Companies House using commercial software. The web and paper filing options will be discontinued. Listed companies and filing information with the National Storage Mechanism (NSM) From 3 November 2025 the FCA will require more comprehensive legal entity identifier ("LEI”) reporting for issuers and other persons submitting regulated information. The aim is to enhance the functionality of the NSM by making it easier to find information about issuers.