Part 1: Companies House Reform Company formation Section 7: Persons with initial significant control: identity verification
This section amends section 12A of the Companies Act 2006 (statement of initial significant control) and allows the subscribers to make statements confirming that the future company’s People with Significant Control have verified their identity. Subscribers can make such statements if on incorporation they become People with Significant Control.
	Under section 12B(2) subscribers can confirm in the application for the registration of a company, that an individual, who is a future person with significant control, has verified their identity according to section 1110A.
	If on incorporation, a legal entity becomes a Relevant Legal Entity of an incorporated company, its subscribers can include statements under section 12B(3) and (4) in the application to form this company. Under section 12B(3) subscribers can notify the Registrar about individuals who are the verified relevant officers in the future Relevant Legal Entities. If subscribers include the statement under section 12B(3) it must be accompanied by statements of the relevant officers, confirming that they are the relevant officers as defined under section 790LK(6) in relation to the Relevant Legal Entities.
	This statement is optional. If the statement under this section is not attached to the application to register a company, the registration will be successful. The Registrar will however subsequently direct the registrable RLE or the Person with Significant Control to provide the equivalent statements under sections 790LI or 790LK.