PSC register—fundamentals
PSC register—fundamentals

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

  • PSC register—fundamentals
  • Contents
  • 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?
  • more

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.

Contents

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