Putting the new PSC regime into effect

Author: Ella Leonard

On 6 April 2016, the new “persons with significant control” (PSC) regime comes into effect. It is being introduced by way of changes to the Companies Act 2006 (CA 2006). From that date, UK companies and limited liability partnerships (LLPs) will be required to:

  • take steps to identify the persons who have significant control over them (PSCs);
  • establish certain details relating to those PSCs; and
  • keep a register of their details, known as the PSC register.

From 30 June 2016 onwards, companies and LLPs will need to send their PSC information to Companies House with the new confirmation statement, which replaces the annual return. Companies House will maintain the PSC information in a central public register.

Putting the new PSC regime into effect – March 2016 [click here for briefing]

 

Ella Leonard, Partner, Fladgate LLP (eleonard@fladgate.com)

 

 

Blogs

View by date:

View by author:

Would you like to hear more?

Sign up to receive updates

Integrated

Our clients come to us to solve problems that are often complex and multifaceted. We draw together the multiple strands of a business or personal challenge into a coherent, integrated legal response that combines the knowledge and experience of experts in all the relevant fields.

Partner-led

We operate in small teams in which partners not only take the lead but also do a significant amount of the detailed work. Clients can be assured that the partners they engage and brief will remain closely involved in developing and delivering the advice as part of our close-knit, expert teams.

Experienced

Fladgate has a long heritage of delivering high-quality legal advice. We have been providing practical legal solutions to businesses and private clients for over 250 years. Today we are one of the UK’s top 100 law firms, with over 80 partners and a reputation for providing solutions that work.