The following Corporate guidance note provides comprehensive and up to date legal information covering:
The people with significant control (PSC) register gives more accurate and current information on who ultimately owns and controls companies and other entities and the information is publicly available on the central registry held at Companies House. It helps inform investors when they are considering investing in a company. It also supports law enforcement agencies in money laundering investigations.
The regime was implemented on 6 April 2016 under Part 21A of the Companies Act 2006 (CA 2006) (as inserted by Schedule 3 of The Small Business, Enterprise and Employment Act 2015).
Please note that for the purposes of simplicity, this document refers to ‘company’ and ‘companies’ when referring to those entities which are required to maintain a PSC register.
See Practice Note: PSC register—registered and unregistered companies, limited liability partnerships, eligible Scottish partnerships and societas europaea for an overview of the whole PSC regime.
Which entities are required to maintain a PSC register?
How promptly should a PSC register be updated?
Where should a company keep its PSC register?
Which people or entities should be entered on a PSC register?
What are the PSC conditions?
How should a company acquire the necessary information to create its PSC register?
Will registrable PSCs contact the company?
How should a company confirm information for its PSC register?
What information should a company record in the PSC register?
When can information be removed from the PSC
**excludes LexisPSL Practice Compliance, Practice Management and Risk and Compliance. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
Take a free trial
0330 161 1234