Q&As

How do the rules in relation to indirect interests and majority control operate when investigating the owners of non-registrable entities under the PSC regime?

read titleRead full title
Published on LexisPSL on 25/10/2016

The following Corporate Q&A provides comprehensive and up to date legal information covering:

  • How do the rules in relation to indirect interests and majority control operate when investigating the owners of non-registrable entities under the PSC regime?

How do the rules in relation to indirect interests and majority control operate when investigating the owners of non-registrable entities under the PSC regime?

Tracing through non-registrable entities until one identifies registrable people with significant control (PSCs), or until one concludes there are no PSCs, requires a careful analysis of the various holdings within the group structure and application of the rules relating to indirect interests.

Assume for example that the immediate parent to a UK company (A) is an overseas unlisted company (B), holding 100% of the shares. Therefore the aim is to look for any registrable persons or relevant legal entities (RLEs) above the overseas parent which meet the

Popular documents