New authentication statement - from whom (CompanyIncorporation-v3-8.xsd)

Incorporation
1

Looking at the schema we can see the following new fields:

<Authentication>

<MemorandumPersonalAuthentication>SUBSCRIBER_AGREES_NAME_USED_TO_AUTHENTICATE</MemorandumPersonalAuthentication>

</Authentication>

<Shares>

<ShareClass>Ordinary</ShareClass>

<NumShares>100</NumShares>

<AmountPaidDuePerShare>0.99</AmountPaidDuePerShare>

<AmountUnpaidPerShare>0.01</AmountUnpaidPerShare>

<ShareCurrency>GBP</ShareCurrency>

<ShareValue>1</ShareValue>

</Shares>

<MemorandumStatement>Each subscriber to this memorandum of association wishes to form a company under the Companies Act 2006 and agrees to become a member of the company and to take at least one share.</MemorandumStatement>

</Subscribers>

<Authoriser>

<Agent>

<Corporate>

<Forename>Fred</Forename>

<Surname>Jones</Surname>

<CorporateName>Jones and Co</CorporateName>

</Corporate>

<Authentication>

<AuthoriserPersonalAuthentication>AUTHORISER_AGREES_NAME_USED_TO_AUTHENTICATE</AuthoriserPersonalAuthentication>

</Authentication>

<Address>

<Premise>1</Premise>

<Street>MOO STREET</Street>

<PostTown>Cardiff</PostTown>

<Country>GB-WLS</Country>

</Address>

</Agent>

Please can you explain how this works:

(1) Does each subscriber needs to complete an authorisation statement, or just one subscriber on behalf of the others?
(2) Can an agent complete the authorisation statement on behalf of all the subscribers?
(3) What is the ‘plain English’ statement that you are expecting the subscriber/ agent to confirm - ie what would appear on an IN01? In previous developer calls, we think you said this wording would be provided.

Thank you

2

This is not an all new requirement - all we’re doing is swapping out the need for the 3 from 6 information with a statement instead.

(1) each subscriber needs to authorise for the memorandum of association, and if they are also authorising the statement of compliance too, each subscriber needs to authorise that

(2) yes, an agent can authorise the statement of compliance on behalf of the subscriber

(3) as it has always been for statement of compliance - and on the IN01 as it has always been

I confirm that the requirements of the Companies Act 2006 as to registration have been complied with.

SDN