What format is prescribed for the PSC register?

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Published on LexisPSL on 11/04/2016

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

  • What format is prescribed for the PSC register?
  • Format of the PSC register
  • Entering information in the PSC register
  • Removal of information from the PSC register
  • External sources of information

What format is prescribed for the PSC register?

The people with significant control (PSC) regime applies to UK incorporated companies limited by shares or guarantee (including community interest companies), LLPs, unlimited companies, unregistered companies, SEs and eligible Scottish partnerships (SLPs and SQPs). It also applies to dormant companies. These entities are required to identify and record the people who own or control their enterprise in a PSC register (except eligible Scottish partnerships which are not required to keep a PSC register but are required to deliver PSC information to Companies House for the central register).

The requirement to maintain a PSC register does not currently apply to other 'non-corporate' entities, such as limited partnerships in England & Wales, co-operative or community benefit societies, Royal Charter organisations, charitable trusts, or charitable incorporated organisations (CIOs).

From 26 June 2017 all reporting entities are required to update their own registers within 14 days, and to update the information held on the central register at Companies House within a further 14 days. This is a significant change from the previous position where centrally held PSC information was updated via the annual confirmation statement.

Format of the PSC register

A PSC register must never be empty.

There is no prescribed format for the PSC register, provided that the relevant information required by the Companies Act 2006 (CA 2006), s 790K is adequately recorded and updated.

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