UK Companies will be required to maintain a PSC Register (“Register”) from April 2016 and from June 2016 they will be required to file the information at Companies House which is when the register will become fully operational.
The Small Business, Enterprise and Employment Act 2015 (”Act”), which received Royal Assent in March 2015, sets out the requirements and procedures that are necessary for companies to register all such beneficial interests.
In this Briefing Note, we cover the following questions:
What is the aim of the Register?
Who is a ‘person with significant control’?
What does a company need to do?
How will the Register be available to the public?
For further information on any of the issues raised in this Briefing Note entitled “Persons with Significant Control”, please contact a member of the Rooks Rider Solicitors Corporate and Wealth Planning Teams.
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