05 united kingdom tim moss - the european business ...€¦ · uk perspective supporting the...
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Tim Moss Chief Executive of Companies House and
Registrar of Companies for England and Wales
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Functions
Registrar’s statutory functions • incorporating companies • registering changes to details • dissolving companies and striking off defunct companies • ensuring compliance with statutory disclosure
requirements • making information available for public inspection and use
… the information exchange … … making limited liability work …
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UK perspective
Supporting the economy by making limited liability work
Easy registration combined with integrity of information leading to excellent corporate transparency
• strong flexible legal framework – small to global • company - duty to provide accurate information • most legal effect is not by registration
• Eg directors, shareholders
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UK perspective
Supporting the economy by making limited liability work
Easy registration combined with integrity of information leading to excellent corporate transparency
• integrity and quality of information • ease of compliance and high compliance rates • low costs • easy and fast access to data
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• Pre-registration vs Post-registration checks? • Lower cost and burdens vs checks and greater certainty? • Ease of doing business - Filing burdens vs searching burdens? • Target the few or the many?
• Is any one system better? • Better for what: registry, economy, growth, the law…etc. • Good or good enough? What’s the info used for?
• What role will technology play?
• Evidence / research – • Is there any? • What would we measure? • How can we get some?
A question or two?
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providing company information thatcustomers value
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