Q&As

What is a statement of initial significant control?

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Published on: 18 July 2016
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Since 30 June 2016, companies (and LLPs) must provide information to the registrar in relation to their people with significant control register (psc register). For further information see Practice Note: PSC register—the people with significant control regime.

For companies incorporated on or after 30 June 2016, a statement of initial significant control must be delivered to the registrar. This document must

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Statement of initial significant control definition
What does Statement of initial significant control mean?

Since 26 June 2017 companies must enter any changes to PSC information on the company’s own PSC register within 14 days. They will then need to file the information at Companies House within a further 14 days, where it will be entered on the central register. Companies that have elected to keep their PSC register at Companies House will simply have to file confirmed information with Companies House within 14 days. As well as the obligation to file PSC information with Companies House within 14 days, since 26 June 2017 companies must confirm their information with Companies House at least once a year via a confirmation statement. For companies incorporated after 30 June 2016, a statement of initial significant control must be delivered to the registrar. This document must state whether, on incorporation, there will be anyone who will count for the purposes of CA 2006, s 790M as either a registrable person or a registrable relevant legal entity in relation to the company. It should also: • include the 'required particulars' of anyone who will count as such (see CA 2006, ss 790C and 790K), and • include any other matters that on incorporation will be required (or, in the absence of an election under CA 2006, s 790X, would be required) to be entered in the company's PSC register by virtue of CA 2006, s 790M

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