Posted by Jennifer Sampson, Solicitor
The end of the annual return, PSC Register – what is it and what changes will be made?
From 6 April 2016, all UK companies (other than those subject to financial services requirements and certain listed companies) and LLPs will be required to keep a ‘Persons with Significant Control’ register (“Register”).
The Register will identify and make public the ultimate beneficial owners and controllers of a company. From 30 June 2016, the Register will be open for public inspection and searchable at Companies House on a central database.
The changes are a consequence of the Small Business Enterprise and Employment Act 2015 (the “Act”). The aim of the Act is to create greater transparency in the ownership of companies.
We have prepared a guidance note summarising the Regulations and what the changes mean 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.
01865 268 373 Email us
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