Section 202 Relief – Exclusion of Directors’ Shareholding Interests in Financial Statement (Companies Act 1967)

With effect from 9 December 2024, the Registrar of Companies introduced a class exemption under Section 202(2) of the Companies Act 1967. This exemption allows private and non-listed public companies to exclude directors’ shareholding disclosures from their annual directors’ statements, provided that unanimous consent from shareholder(s) is obtained.  

This regulatory development offers a practical means to comply with the reporting obligations while maintaining statutory transparency through existing statutory registers. 

Our Corporate Secretarial team can assist with the implementation of this exemption, from preparing the necessary consent from shareholder(s) to drafting compliant directors’ statements, and supporting your process. 

We can help your company benefit from this relief compliance, contact us today.