PSC register for eligible Scottish partnerships
PSC register for eligible Scottish partnerships

The following Corporate guidance note provides comprehensive and up to date legal information covering:

  • PSC register for eligible Scottish partnerships
  • Law and guidance
  • Which legal entities must investigate their PSCs?
  • Which persons or entities should be recorded on a PSC register?
  • Eligible Scottish partnerships—who are 'people with significant control'?
  • Registration of a Scottish limited partnership
  • Registration of a Scottish qualifying partnership
  • Understanding the Conditions in greater detail
  • Other ownership arrangements related to Conditions 1–3
  • Eligible Scottish partnerships—what is 'significant influence or control'?
  • more

Coronavirus (COVID-19) IMPACT: Certain aspects of the PSC regime are affected by temporary measures introduced to mitigate the consequences of the coronavirus pandemic (see Part 3 of The Companies etc. (Filing Requirements) (Temporary Modifications) Regulations 2020). For example the deadline to notify the registrar of changes to the PSC register is increased from 14 to 42 days. The temporary provisions expire at the end of 5 April 2021. For further information see Practice Note: Coronavirus (COVID–19)—impact on company filing and administrative procedures.

BREXIT IMPACT: Several aspects of the PSC regime will be affected by Brexit, including:

  1. the availability of the Societas Europaea (SE) in the UK. For further details see Practice Note: Brexit—European entities

  2. references to regulated markets in the EEA in Part 21A of the Companies Act 2006, which will be amended in accordance with paragraphs 10 and 11 of Schedule 1 to The Companies, Limited Liability Partnerships and Partnerships (Amendment etc.) (EU Exit) Regulations 2019 (SI 2019/348) (the EU Exit Regulations)

  3. references to the EEA in Schedule 2 to The Companies (Disclosure of Address) Regulations 2009 and Schedule 4 to The Register of People with Significant Control Regulations 2016, which will be amended in accordance with paragraphs 9, 10, 13 and 14 of Schedule 2 to the EU Exit Regulations

  4. references to regulated markets and the EEA in