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Corporate analysis: How will the Small Business, Enterprise and Employment Act 2015 affect small businesses and entrepreneurs, and will it be effective in removing red tape and promoting transparency in the ownership and control of companies? Chris Pearson, a senior corporate partner at Norton Rose Fulbright, and Jo Chattle, senior knowledge lawyer at Norton Rose Fulbright, explain some of the changes and reforms that will now be a part of company law.
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receiving Royal Assent, and the fact that its provisions affecting companies are coming into effect in stages.
The government’s first discussion paper which raised many of the corporate aspects was published in July 2013, following the June 2013 G8 Summit at which the UK, as chair, committed to introducing transparency reforms in relation to company ownership. A number of consultation papers on different corporate aspects of SBEEA 2015 followed and so there has been time for companies and their advisers to familiarise themselves with the new requirements.
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