Reduced Regulation on Company Names to Take Effect

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Posted in:Corporate and Commercial|December 4, 2014 | Join the mailing list

On 31 January 2015 the current regulations concerning company names will be revoked and replaced by The Company, LLP and Business (Sensitive Words and Expressions) Regulations 2014 (the Regulations).

The Regulations will provide a reduced list of sensitive words and expressions which companies, LLPs and businesses need approval to use in their name. Twenty six words have been deleted from the list, including “National”, “European”, “Group”, “Holding”, “International”
and “United Kingdom”.

Other key regulatory changes due to take effect on 31 January 2015 (subject to parliamentary approval) include:

–    Extending the list of characters, signs, symbols and punctuation that can be used in a company name;

–    Amending the list of words to be considered or disregarded when determining whether a proposed name is already registered; and

–    Amending the trading disclosure requirements where at least 6 companies operate from or are registered at one site. In these circumstances, company information may be made available upon request rather than having the information on display.

The above changes are part of the government’s attempts to cut ‘red tape’ and simplify the UK regulatory framework. The government has suggested that the Regulations would speed up the registration process and any subsequent complaint about a company name could
be addressed following registration.

Should you have any queries regarding registering or changing a company name, or incorporation generally, please contact
Stephen Foster, Partner and Head of the Corporate and Commercial Department, at
stephenf@berg.co.uk, or by telephoning 0161 833 9211.
      
The information and opinions contained in this article are not intended to be comprehensive, nor to provide legal advice. No responsibility for its accuracy or correctness is assumed by Berg or any of its partners or employees. Professional legal advice should
be obtained before taking, or refraining from taking, any action as a result of this article.

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