delete The Economic Crime and Corporate Transparency Act 2023 (Commencement No. 6 and Transitional Provisions) Regulations 2025
These Regulations bring into force provisions of the Economic Crime and Corporate Transparency Act 2023 on 18th November 2025, including identity verification requirements for directors and people with significant control (PSCs), director disqualification provisions for persistent breaches, abolition of local registers, and confirmation statement requirements. They also contain transitional provisions governing the switch from old notice requirements to new ones, and grace periods for compliance.
This commencement regulation inherits and enforces the EU-derived Economic Crime and Corporate Transparency Act 2023 without democratic scrutiny — thousands of such retained EU laws remain on the books unexamined. The identity verification regime imposes compliance costs on all 5+ million UK companies with no evidence of proportionate benefit, while creating new criminal liabilities for directors. The PSC verification requirements add layers of bureaucracy for businesses with no clear benefit to ordinary Britons — they primarily serve international FATF box-ticking rather than domestic prosperity. Director disqualification provisions for 'persistent breaches' are vaguely defined and risk criminalizing technical compliance failures, discouraging entrepreneurship. The complex transitional web of 14-day notice periods, 12-month grace periods, and overlapping review periods demonstrates regulatory gold-plating that adds cost without corresponding benefit.