This will allow proper due diligence and evidence that directors and people with significant control (PSCs) have complied with the new ID verification rules due to come into effect on 18 November, although there will be a one-year transition process.

Company directors and people with significant control (PSCs) will be able to check the register to see ID verification due dates for all their roles, the register will show the date verification is due, which will be accompanied by a green tick to show compliance.