Q&As

What details should a company record in the PSC register?

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Published on LexisPSL on 05/11/2019

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

  • What details should a company record in the PSC register?

What details should a company record in the PSC register?

A company’s people with significant control (PSC) register must never be empty.

The company must, using the prescribed wording, update its register as regards any general circumstances or investigative steps that it is currently engaged in. This may be as simple as confirming that there are no registrable PSCs or RLEs in relation to the company. It is therefore likely that any register should have an open section in which to record such information.

Once a particular PSC or RLE comes forward or is otherwise identified (or being actively investigated), it would seem appropriate to open up a ledger or account against that individual or entity's name. Information required under CA 2006, s 790K can then be entered accordingly, as can any other official wording as to the investigation or enforcement process in relation to that individual or entity:

  1. Required particulars (including type of control):

    1. PSCs: name, date of birth, nationality, country or state (or part of UK) where the individual is usually resident, service address, usual residential address (which does not appear on any version of the register that the public may see), the date on which the entity became a PSC, information about how they have significant control (using official wording), and any restrictions on disclosing the PSC's information that are in place (using

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