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ARTICLE · 12 SEPTEMBER 2018

Bringing PSC Non-Compliance Under Control

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Companies House has turned the spotlight onto the rules governing the transparency of ownership and control, with the consequence that any deliberate or mistaken non-compliance...

United KingdomCorporate/Commercial Law
Ben Harber
Ben Harber
Kathy-Ann Pearce
Kathy-Ann Pearce

Following developments in the PSC regime, Companies House is focusing its attention on non-compliance

Companies House has turned the spotlight onto the rules governing the transparency of ownership and control, with the consequence that any deliberate or mistaken non-compliance will be highlighted for further action.This article serves as a timely reminder of the requirements of the 'people with significant control regime' (PSC regime) as well as some of the pitfalls.

Companies House business plan

Two years on from the PSC regime coming into effect, Companies House published its 2018/19 business plan on 5 April 2018. The plan has a particular focus on the PSC regime and identified a number ofareas for improvement.

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