People with Significant Control company register goes live

Partner Mark Williams

The People with Significant Control (PSC) register went live on 30 June 2016. This means companies (apart from listed companies) and limited liability partnerships (LLPs) must now declare certain information about those who own or control the company with their annual confirmation statement (which has replaced the annual return) to Companies House.

The information the PSC register records includes an individual’s name, month and year of birth, nationality and details of their interest in the company.

Those who fail to meet their legal obligation to keep a register of PSCs are potentially 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 one of our specialist solicitors:

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