Be PSC Register Ready!

    View Authors March 2016

    From 6 April 2016, most companies and LLPs will be required to keep a “PSC Register” listing “People with Significant Control” (“PSCs”), that is individuals or legal entities who, or which, have significant control over the company or LLP.

    This is a new, additional duty which applies to UK incorporated companies limited by shares (including dormant companies), companies limited by guarantee (including CICs), societas europaea and LLPs. It does not apply to companies which report under Chapter 5 of the Disclosure and Transparency Rules (“DTR5 companies”). In other words, Official Listed and AIM traded companies are not affected.

    From 30 June 2016, this information will need to be delivered to Companies House, where it will be made publicly available.