PSC register—guidance for PSCs and RLEs
PSC register—guidance for PSCs and RLEs

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

  • PSC register—guidance for PSCs and RLEs
  • The people with significant control register (PSC register)
  • Law and guidance
  • Which legal entities fall within the PSC regime?
  • Companies on prescribed markets
  • Unregistered companies
  • Eligible Scottish partnerships
  • Which persons or entities should be recorded on a PSC register?
  • Who are 'people with significant control'?
  • PSC Regime: Duties of the company, LLP or ESP
  • 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 2 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: 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 referred to below 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 people with significant control register (PSC register)

The Small Business, Enterprise and Employment Act 2015 (SBEEA 2015), which received Royal Assent on 26 March 2015, introduced a number of measures intended to improve transparency and trust in companies and other entities such as LLPs and European public limited liability companies (or societas europaea) (SEs), most notably the requirement for a register of people with