PSC register—registered and unregistered companies, limited liability partnerships, eligible Scottish partnerships and societas europaea
PSC register—registered and unregistered companies, limited liability partnerships, eligible Scottish partnerships and societas europaea

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

  • PSC register—registered and unregistered companies, limited liability partnerships, eligible Scottish partnerships and societas europaea
  • The people with significant control (PSC) register
  • Law and guidance
  • Which legal entities fall within the PSC regime?
  • Companies on prescribed markets
  • Unregistered companies
  • Eligible Scottish partnerships
  • Where should the PSC register be kept?
  • Which persons or entities should be recorded on a PSC register?
  • Who are 'people with significant control'?
  • more

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 regulations 2 and 3, and in Schedule 5 to The Scottish Partnerships (Register of People with Significant Control) Regulations 2017, which will be amended in accordance with paragraphs 15–18 of Schedule 2 to the EU Exit Regulations

The people with significant control (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 limited