The following Corporate guidance note provides comprehensive and up to date legal information covering:
BREXIT IMPACT: The availability of the Societas Europaea (SE) in the UK will be affected by Brexit. For further details on the impact of Brexit, see Practice Note: Brexit—European entities.
Other legislation in relation to the PSC regime will be affected by Brexit under paragraphs 10 and 11 of Schedule 1 to The Companies, Limited Liability Partnerships and Partnerships (Amendment etc.) (EU Exit) Regulations 2019 (SI 2019/348), namely references to regulated markets in an EEA State.
The framework of the people with significant control (PSC) regime, which originally took effect on 6 April 2016, is set out in Part 21A of the Companies Act 2006 (CA 2006) , as originally inserted by Schedule 3 of SBEEA 2015 (and as further amended by the Information about People with Significant Control (Amendment) Regulations 2017, SI 2017/693 (2017 Regulations)).
The primary legislation is supported, for companies, by The Register of People with Significant Control Regulations 2016, SI 2016/339 (the PSC Regulations), as amended by the 2017 Regulations. LLPs incorporated under the Limited Liability Partnerships Act 2000 are also required to maintain a register of people with significant control over the LLP under the Limited Liability Partnerships (Register of People with Significant Control) Regulations 2016, SI 2016/340 (the LLP Regulations), as amended by the 2017 Regulations. The PSC regime also
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