Are you an Administrator or Trustee of an offshore
structure which owns a company incorporated in the United Kingdom
(UK)?
The Register of People with Significant Control –
known as the PSC Register – will, when it comes into effect
from April 2016, result in important changes that will require
direct action on your part.
Q. What is happening and when?
Significant changes to the English Companies Act 2006 will come
into effect from 1 April 2016. Companies incorporated in the UK
will need to keep and maintain a new register that records all the
people or legal entities that have "significant influence or
control" over it, called a register of people with
significant control (the PSC Register).
The provisions regarding PSC Register are set out in the new part
21A Companies Act 2006, introduced by the Small Business,
Enterprise and Employment Act 2015.
