From 6 April 2016 broadly all companies (except certain listed companies) are required to keep a register of people with significant control (PSC register) and, from 30 June 2016, file relevant information at Companies House. This requirement is in addition to those in respect of existing registers.
The requirement to keep a PSC register has been introduced with the objective of increasing transparency over control and ownership of UK companies. However, this places additional obligations on companies, their officers and the people with significant control over them.
From 26 June 2017 some amendments were made to the regulations to require more frequent updating extending the requirements to Scottish Limited Partnerships.
What are the Requirements? We’ve put together a handy document to downoad – Register of people with significant control