The UK People with Significant Control (PSC) regime has been in place since April 2016, and was revised in June 2017, to provide transparency in ownership and control of companies. The regulations cover UK companies, LLPs, eligible Scottish partnerships and GPs, Societas Europaeae, and AIM listed companies.
Why it should concern you:
- Failure to maintain accurate information on the PSC register is a criminal offence
- Some companies have experienced problems over PSC information e.g. a refusal to renew a bank facility due to PSC inaccuracies
- It is not always easy to identify PSCs
- Companies House is increasingly vigilant regarding non-compliance with PSC matters
Watch the webinar in full below.
The UK PSC Regime explained
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