A register of directors of Bermudian companies is to be set up, Government said yesterday.

Amendments to the Companies Act 1981 mean that the names and addresses of individual directors and, in the case of a company, its name and registered officer address must be filed with the Registrar of Companies by the end of January next year.

And failure to comply with the new rules by the due date will result in fines for companies and their officers.

Government said that, although not mandated, for ease of identification middle names or initials should be included to assist with identification.

The Registrar of Companies has prepared a Microsoft Excel spreadsheet template, which can be found at https://www.gov.bm/directors-register where the needed information can be filled in by service providers.

The completed document should be e-mailed to directorsregister@gov.bm.

A fee of $90 is levied on all directors’ register filings.

Information on wire transfer details can be found at the same address as the template.

Queries regarding payment of fees may be directed to tmcartwright@gov.bm and pmsmith@gov.bm.