As part of the government’s “Red Tape Challenge”, a consultation by the Department for Business, Innovation & Skills has concluded that the list of restricted names should be reduced.
Often discovered only at the last moment in registering a new company or changing a company name, regulations dictate that certain words or expressions cannot be used as part of a company name if they are “sensitive”.
The proposal is for around a third of such sensitive words to be permitted for use.
Although you will still be restricted from using a national word, such as British or Welsh, or words indicating some form of authority, such as Accredited or Regulator, the suggestion is that words including “European” or “Watchdog” may be used.
Draft regulations are due shortly.
For further guidance on forming a new company, what to call it, and how to protect its name please contact our commercial department by emailing commercial@tolhurstfisher.com for further information.
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