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prohibition on corporate directors - further delayed

22 September 2016
As we have previously reported, the Small Business, Enterprise and Employment Act 2015 (SBEEA) will require all directors to be natural persons and prohibits the appointment of corporate directors (subject to exceptions).  The SBEEA also provides that the appointments of existing corporate directors will automatically cease after a 12 months grace period. 
 
These provisions were supposed to come into force next month (October 2016);  however it has recently been confirmed that this implementation date has been further delayed (to a date not yet known).  The Department for Business, Energy and Industrial Strategy (BEIS) has however indicated that it does still intend to implement the prohibition, and publish regulations setting out exceptions to the prohibition, in due course.  At the time of writing, details of the exceptions are still under development and we understand that further details on this, plus a new implementation date, will be published on GOV.UK as soon as they are available.

training and events

29Nov

Minimising the risk, understanding the limits London office

The Supreme Court handed down its decision in Travelers Insurance Company Ltd (Appellant) v XYZ (Respondent).

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focus on...

Care Quality Commission and health & care regulatory update 7 November

Carl May-Smith provides an update on CQC & Competitions & Markets Authority enforcement.

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Legal updates

Rising wage rates?

With an election now set for December 2019, wage rate announcements will be deferred until at least mid-December, if not January.

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Upcoming webinars

IR35: If it walks like a duck...

In the UK, a great number of organisations engage self-employed IR35 contractors to complete work on their behalf.

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How to commercialise your IP: licensing, spin outs and JVs

Our expert panel, comprised of IP and corporate law specialists, will be discussing IP commercialisation strategies, their benefits and pitfalls, drawing on experience across the private, public and higher education sectors.

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The content on this page is provided for the purposes of general interest and information. It contains only brief summaries of aspects of the subject matter and does not provide comprehensive statements of the law. It does not constitute legal advice and does not provide a substitute for it.

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