This week:

• Mandatory identity verification for company directors, LLP members and PSCs comes into effect next week
• Other items of interest

Mandatory identity verification begins next week

A reminder to all our readers that mandatory identity verification (IDV) requirements come into effect on Tuesday 18 November 2025 for individuals who are company directors, limited liability partnership (LLP) members and registrable persons with significant control (PSCs).

Any individual who is appointed as a director of a UK company, or admitted as a member of a UK LLP, on or after that date will need to have completed IDV.

An individual who becomes a registrable PSC on or after 18 November 2025 will need to tell the company or LLP in question whether they have completed IDV. If they have not, Companies House will write to the individual requiring them to complete IDV.

Transitional provisions will apply to individuals who are already a company director, LLP member or registrable PSC immediately before 18 November 2025. These provisions are complex and, in effect, generate a personal deadline for each individual to complete IDV, depending on which of these positions they occupy.

Companies House has published guidance on how an individual can verify their identity. We can also provide more specific guidance on request.

Also with effect from 18 November 2025, the requirement for companies and LLPs to keep certain internal statutory registers will be abolished. These include:

• a company register of directors, register of directors’ residential addresses, register of secretaries and PSC register; and

• an LLP’s register of members, register of members’ residential addresses and PSC register.

Companies and LLPs may choose, as a matter of good record-keeping, to continue to keep internal non-statutory versions of these registers. However, companies and LLPs remain required to notify the equivalent information to Companies House, and third parties will now rely on the information filed in the public record at Companies House to identify directors, company secretaries, LLP members and PSCs.

Read Companies House’s guidance on how to verify your identity

Other items

• FRC publishes report on preparing for the Stewardship Code. The Financial Reporting Council (FRC) has published a report to assist with preparing for reporting under the UK Stewardship Code 2026. The report follows the new guidance on the Code published last week.  The Stewardship Code 2026 comes into effect on 1 January 2026 and sets out what the FRC considers best practice for institutional asset owners and asset managers when exercising their stewardship responsibilities.

Read the FRC’s new report on preparing for the Stewardship Code 2026 (opens PDF)

• EU directive published to delay onset of CSRD reporting. EU Commission Delegated Regulation (EU) 2025/1416 – colloquially known as the “Quick Fix Regulation” – has been published.  Most notably, the Regulation defers the commencement of the first wave of mandatory reporting under the EU Corporate Sustainability Reporting Directive until the 2027 financial year.

Access EU Commission Delegated Regulation (EU) 2025/1416 (the “Quick Fix Regulation”) (opens PDF)