New requirement for companies: Register of People with Significant Control (PSC)

The requirement for companies to maintain a statutory register of any persons with significant control over the company (PSCs) is coming soon - from 6 April 2016. Our corporate team outline the steps companies should now take.

4 April 2016

Companies will be required to maintain a PSC register from 6 April 2016, and will have to file details of PSCs annually to Companies House from 30 June 2016. The filing will form part of a company’s annual “confirmation statement” which is due to replace the annual return. Additionally, all companies incorporated after 30 June 2016 will have to file a statement of initial significant control as part of the incorporation. 

Our corporate team have prepared a detailed briefing on the steps companies should now be taking.

Read our guidance here.