Part 1: Companies House Reform Disqualification in relation to companies Section 35: Power to impose director disqualification sanctions
This section amends the Sanctions and Anti-Money Laundering Act 2018 ("SAMLA 2018") by amendments to section 1, 9 and 15 and insertion of a new section 3A of the SAMLA 2018. The provisions inserted and amended by this section allow for creation of a new type of sanctions measure by regulations under the SAMLA 2018.
	The new section 3A of the SAMLA 2018 allows an appropriate Minister to make regulations and designate a person as subject to "director disqualification sanctions" for the purposes of section 11A of the Company Directors Disqualification Act 1986 and Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002. A designated person will always be subject to both of these provisions, which will effectively prohibit them from acting as a director of any company registered in the UK. As a result of such designation, a person acting as a director of a company or directly or indirectly taking part in or being concerned in the promotion, formation or management of a company will commit an offence.
	Amendments to section 15 of the SAMLA 2018 allow for creation of exceptions and issuance of licences to authorise a designated person to do anything otherwise prohibited under the director disqualification sanctions. A designated person subject to a licence will not commit an offence if they acted under an authority of a licence.