This guidance details the changes that have been made to the Companies Act 2006 and the wider framework of corporate law and accounting and audit regulation that came into force on 1 January 2021. In nearly all cases the changes only impact businesses that have a cross-border relationship with the EU:
- through conducting business operations in the EU
- by being an EU company or individual operating in the UK
- by being a subsidiary or branch with an EEA parent
- by being a UK subsidiary or branch with an EEA parent
In most cases the changes are minimal.
There are more detailed requirements in relation to auditors that are also covered in this guidance document.