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ARTICLE · 23 JUNE 2017

Important Changes To The PSC Register

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On 26 June 2017 important changes are due to be implemented regarding the "register of people with significant control" (the "PSC Register").

United KingdomCorporate/Commercial Law
Sharon Ayres
Sharon Ayres
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On 26 June 2017 important changes are due to be implemented regarding the "register of people with significant control" (the "PSC Register").

In short the changes are:

  • PSC information will no longer be updated annually on the confirmation statement. Instead, relevant companies and limited liability partnerships ('LLPs') will need to report PSC changes to Companies House as and when they happen. New Companies House forms PSC01 to PSC09 (or the equivalent for LLP's LLPSC01 - LLPSC09 ) should be used. Companies and LLPs will have 14 days to update the PSC Register. Note that in addition to reporting changes to Companies House, companies and LLPs are still required to maintain in their statutory registers a register of People with Significant Control.

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