ARTICLE · 25 JULY 2016

Who Is In Control?

DQ Advocates

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As of 6 April 2016, UK companies and limited liability partnerships are legally required to identify and record the individuals who own those entities.

Isle of ManCorporate/Commercial Law

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As of 6 April 2016, UK companies and limited liability partnerships are legally required to identify and record the individuals who own those entities. This information must be disclosed in an annual confirmation statement to UK Companies House.

The information will be collated on a central 'People with Significant Control' ("PSC") register which will be available for inspection at UK Companies House.

Any person searching the register must have a proper purpose, which we understand will be interpreted widely and only in limited circumstances would a request be declined.

The PSC register was designed to improve transparency and assist with the prevention of money laundering and is in line with European money laundering standards.

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