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Lord Leong (Lab)

Speaking in the House of Lords on 13 January 2025

Debate

Registrar (Identity Verification and Authorised Corporate Service Providers) Regulations 2024

Contribution

I do not want to go down that legal route. Based on normal administrative law, I assume that judicial review would apply, but I will come back with a more definitive answer in writing, if I may. As I mentioned earlier, ACSPs will be required to keep records relating to the identity-verification checks they complete and to respond to Companies House’s spot checks. Failure to comply will be a criminal offence. The noble Lord, Lord Fox, asked how many more SIs we will see. All I can say is that a mix of SIs will be laid in spring this year—before the summer, I assume—including ones applying reforms to limited liability partnerships. I hope that that satisfies the noble Lord. In respect of the question from the noble Lord, Lord Sharpe, about enforcement, currently, if an individual officer does not comply to have their identity verified, sanctions are applied. It can be either a financial sanction or a criminal offence; that applies also to ACSPs. I hope that I have answered all noble Lords’ questions. If not, I will definitely write to noble Lords.

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