Nigel Farage has given up sole control of Reform UK, with the party's members now being "handed over ownership" following a vote last year, according to its chairman.
In a statement, Reform chairman Zia Yusuf said: "We are pleased to announce that, as promised, Nigel Farage has handed over ownership of Reform UK to its members.
Documents filed with Companies House show that all shareholders in Reform UK Party Limited have given up their shares and control of the organisation.
According to the party's new constitution, a board will instead be set up that will lead and direct the party, with members voting in an advisory manner on policies at the annual conference.
Reform 2025 Ltd has two directors - Mr Farage and Mr Yusuf - but no shareholders or persons with significant control.