Note to Directors – Summary of key Issues under ECCTA

The Economic Crime & Corporate Transparency Act 2023 (ECCTA) is a significant piece of new legislation that gives Companies House new and enhanced powers to disrupt economic crime. Those responsible for corporate governance will need to develop a thorough understanding of how the changes will affect their organisation with many of the day to day longstanding company processes changing. 

This is a template summary note to the directors from a company secretary or company administrator outlining the headline points. It is intended as a summary rather than a detailed note to make directors aware of the key points of the ECCTA that will affect them and the company and the action that needs to be taken in response to these changes. The note focuses on the practical implications of the ECCTA. It is intended as a short, go to summary note.

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

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

This template also includes a helpful list of action points which all companies should be considering in relation to the implementation of the ECCTA such as changes to the onboarding procedure of new directors.

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