Donald Reid Group

Register of people with significant control

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. 

This "Register of people with significant control" fact sheet will outline

  • What are the requirements?
  • What is meant by a person with significant control (PSC)
  • What information is required to be kept on the register?
  • Do a person of significant control have any obligations?
  • Is information held on the PSC register publically available?
  • What happens if a company does not comply with these requirements?


If you would like to discuss your register of people with significant control, please do get in touch with the team at DRG Chartered Accountants.

 

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