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From 1 September 2011 Companies House will no longer accept company names on documents submitted which contain minor variations or typographical errors.  This change of policy is to ensure that documents are entered onto the correct company record.

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The Department for Business, Innovation and Skills has announced a new law, which came into force on 14 June, which gives small and medium sized businesses easier access to justice to protect their patent and design rights. This law places a damages cap of £500, 000 on claims made in the Patents County Court. This change means that small companies claiming damages up to this amount are less likely to face a potentially more expensive trip to the high court. Previously legal cases worth less than £500, 000 could have unknown levels of financial risk.

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Companies House has lent its support to StartUp Britain, a government initiative to encourage entrepreneurship in the UK. The government and Companies House see Start-ups and small firms as vital to economic recovery, with SMEs accounting for almost 60% of private sector jobs and 50% of private sector GVA. The StartUp Britain website has more information.

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The FSA has published a revised Remuneration Code for consultation. The code was revised to implement the requirements of the third Capital Requirements Directive (CRD3) and came into force on 1 January 2011. The revised Code covers a wide variety of firms, including investment banks, retail banks, building societies, asset management firms, stockbrokers, corporate finance firms and multi-lateral trading facilities.

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The Financial Reporting Council has published a new report. Cutting Clutter: Combatting Clutter in Annual Reports (pdf) is available on the FRC website and identifies the causes of clutter, outlining strategies for minimising it. Examples of clutter are explanatory information that is unchanged year to year and immaterial disclosures which hinder the identification of relevant information.

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 The European Commission has published a Green Paper on corporate governance in Europe. The Paper launches a public consultation, inviting views from citizens, organisations and public authorities, on ways of improving existing corporate governance mechanisms.

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