Our Knowledge

10.Jul.2017

Funds Finance: Scottish Limited Partnerships and the PSC Regime – Lenders take note!

Despite some industry insiders predicting that they’d overshoot the deadline for implementing beneficial ownership disclosure requirements of the Fourth Money Laundering Directive (EU 2015/849), the Department for Business, Energy and Industrial Strategy (DBEIS) has finally introduced the much-trailed overhaul of the “persons with significant control” (PSC) regime that currently applies to UK companies and limited liability partnerships (LLPs).

Read the full briefing.