Further Changes to Persons of Significant Control (PSC)

Persons of Significant Control

In 2016, new legislation was released to increase the transparency of the ownership and control of UK Companies. This legislation required UK companies and Limited Liability Partnerships (LLPS) to create a register of persons of significant control to be held at its registered office and updates filed as part of its confirmation statement process from 1 July 2016.

On 26 June 2017 further changes are required for a company to disclose their beneficial owners as part of the Fourth Money Laundering Directive (MLD4) and notify changes on a new set of forms (PSC01 – PSC09). In order to meet Companies House deadlines, changes must be recorded in the PSC register within 14 days, with the appropriate form to be filed at Companies House within a further 14 days.

CB Reid uses specialist company secretarial software which is up-to-date with the latest filing requirements to ensure clients’ are immediately meeting their responsibilities.

For further information on company secretarial services for your company, please contact Katrina Offord on 01305 215800.