Detail of outcome
- all respondents agreed regulation is required in this area to protect the public from possible harm
- the majority agreed that the regulations should be simplified and the ‘sensitive’ words list reduced. Annex A of the government response lists those to be retained and removed
Following consultation, government will:
- reduce the ‘same as’ list to allow registrants more choice and make name swaps within groups of companies easier
- merge the Names and Trading Disclosure Statutory Instruments, so that requirements may be found together
- make draft regulations available for comment in due course
This consultation ran from to
Consults on ways to improve the business and company names regulations, reducing their complexity and easing their burden on business.
The government has reviewed company law as part of its commitment to reducing unnecessary regulatory burdens under the Red Tape Challenge. For further information about company law and the Red Tape Challenge see Company and Partnership law.
Company & Business Names was a sub-section of the Red Tape Challenge company and commercial law theme. Regulation of business names aims to ensure that every company has a name easily differentiated from another and that their name does not misrepresent their position in the eyes of the general public.
We received a number of comments from a large cross-section of society in relation to business names. We consider that there is scope to simplify the regulations and reduce the number of statutory instruments relating to names.
We welcome your comments on the options for improving business and company names regulations.