Q&As

What are the registration requirements for the PSC register of UK company A, where all of the shares of UK company A are held by an unlisted overseas company B and where the shareholders of overseas company B are either: (i) individuals resident either in the UK or overseas, or (ii) another corporate entity registered either in the UK or overseas?

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Published on LexisPSL on 19/04/2016

The following Corporate Q&A provides comprehensive and up to date legal information covering:

  • What are the registration requirements for the PSC register of UK company A, where all of the shares of UK company A are held by an unlisted overseas company B and where the shareholders of overseas company B are either: (i) individuals resident either in the UK or overseas, or (ii) another corporate entity registered either in the UK or overseas?

What are the registration requirements for the PSC register of UK company A, where all of the shares of UK company A are held by an unlisted overseas company B and where the shareholders of overseas company B are either: (i) individuals resident either in the UK or overseas, or (ii) another corporate entity registered either in the UK or overseas?

In the group structure outlined above, the unlisted overseas company B is not a registrable relevant legal entity (RLE) as it is not subject to its own disclosure requirements. It therefore cannot be entered into the PSC register of UK company A. Instead UK company A is required to 'trace through' overseas company B and register any individuals or RLEs who meet the ownership or control conditions above

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