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ARTICLE · 03 JULY 2017

Business Bites: PSC Register Update

The requirement for companies and LLPs to maintain a Register of People with Significant Control (PSC Register) came into force in April 2016...

United KingdomCorporate/Commercial Law

The requirement for companies and LLPs to maintain a Register of People with Significant Control (PSC Register) came into force in April 2016, with the PSC Register being filed with Companies House as part of a company's Confirmation Statement from July that year. However, the way in which a company's PSC Register will be reported to Companies House will shortly be changing.

From 26 June 2017, any change to a company's PSC Register will require to be notified by way of a separate Companies House PSC form as and when the changes occur, as opposed to being reported annually via the Confirmation Statement.

The implication of this is that if a company or LLP has made any changes to its PSC Register since its last Confirmation Statement was filed, the appropriate PSC form will require to be filed with Companies House – and the window for making this filing, to comply with the regulations, is 26 June to 9 July 2017. Alternatively, in order to eliminate the need for a PSC

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