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20 July 2015

Corporate update – Small Business, Enterprise and Employment Act – implementation date

The Small Business, Enterprise and Employment Act ("the Act") received royal assent on 26 March 2015.

As previously reported, the Department for Business, Innovation & Skills (BIS) has published a provisional implementation plan dealing with the company provisions of the Act.

BIS has now confirmed that the prohibition of corporate directors for certain companies (exemptions yet to be confirmed) will not take place as anticipated.  The revised date for implementation of the measure will be announced by BIS in due course but is expected to be some time in 2016.

We will continue to provide updates on the Act as its provisions come into force, however, if you have any queries in the meantime contact commercial@steeleslaw.co.uk.