Note to CCLBG Charity Trustees - 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 of charitable companies need to develop a thorough understanding of how the changes affect their charity with many of the day to day longstanding company processes changing. 

This is a template summary note to the charity trustees (i.e. the directors) of the charitable company limited by guarantee (CCLBG) from the charity’s secretary or administrator outlining the headline points. It is intended as a summary rather than a detailed note to make the charity trustees aware of the key points of the ECCTA that affect them and the CCLBG, 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. This template takes into account identity verification (IDV) requirements which went live as of 8th April 2025 with the opening of a voluntary IDV period for existing directors (i.e. the charity trustees) of CCLBGs and PSCs. Note that the IDV regime is compulsory for new directors/charity trustees and PSCs as from 18 November 2025. At the same time a compulsory 12-month transition period for existing directors and PSCs begins and the whole process should be completed by the end of 2026.

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

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