Posted by Katharine Mortimer, Partner
The end of the annual return, PSC Register – what is it and what changes were made?
Since 6 April 2016, all UK companies (other than those subject to financial services requirements and certain listed companies) and LLPs have been required to keep a ‘Persons with Significant Control’ register (“Register”).
The Register identifies and makes public the ultimate beneficial owners and controllers of a company. Since 30 June 2016, the Register has been open for public inspection and is searchable at Companies House on a central database.
The changes were a consequence of the Small Business Enterprise and Employment Act 2015 (the “Act”). The aim of the Act was to create greater transparency in the ownership of companies.
We have prepared a guidance note summarising the Regulations and what the changes have meant for your business.
Please click here to view / download our guidance note.
For more information on the Register of People with Significant Control Regulations 2016, or to discuss any other corporate law matter, please contact Katharine Mortimer or another member of our Corporate & Commercial team.
01225 730 168 Email us
Corporate & Commercial
Our corporate lawyers will get you the right deal and protect your business, now and in the future.
