The duty for private UK companies and limited liability partnerships (LLPs) to maintain a new public register of people with significant control (PSC) took effect on 6 April 2016. It was introduced by the Small Business, Enterprise and Employment Act 2015.
Those who fail to meet their legal obligation to keep a register of PSCs will potentially be breaking the law.
To help affected businesses get to grips with the PSC register requirements, we’ve compiled a Briefing Note called Register of People with Significant Control, which outlines the five conditions that will lead to a person or company being added to the register. Read our note for general guidance, but please bear in mind that it does not constitute legal advice.
Expert legal advice on the PSC register
For expert legal advice on the PSC requirements, tailored to your business, please contact Gaby Hardwicke Partner Mark Williams (pictured above) or Senior Associate Solicitor Gemma Ritchie: