Register of People with Significant Control

❗ PLEASE BE AWARE THAT THE ECONOMIC CRIME & CORPORATE TRANSPARENCY ACT 2023 IS BEING IMPLEMENTED IN PHASES AND MAY CHANGE SOME OF THE TEMPLATES BELOW. 

Under the Companies Act 2006, as amended by the Small Business Enterprise & Employment Act 2015, most UK companies (and LLPs) are required to identify and record the people with significant control over them (PSCs). This includes those who own or control (directly or indirectly) more than 25% of the entity. Companies (and LLPs) are required to file this information with Companies House.

When Should You Use These Templates?

✅ you need to identify who the PSCs are (including indirect ownership or control)
✅ you need to request or confirm PSC information using statutory notices
✅ you need to keep the PSC position up to date following a change in ownership or control
✅ you need a clear record of the steps taken and the replies received
✅ you are dealing with an LLP and need PSC templates drafted for LLPs

What Does The Law Require?

Companies must:

- Keep a PSC register
- Take reasonable steps to identify those who should be registered on the PSC register
- Record the PSC’s details and keep the register up to date
- Make the register available for public inspection
- Provide all this information to Companies House

❗ Important: Even if a company has no interests to be registered (or is dormant), it must still keep a register and the register cannot be blank. Criminal sanctions apply for non-compliance.

This group of templates aims to guide companies, their directors, secretaries and administrators through the process of identifying, collecting, keeping and updating information about PSCs.

Companies should consider seeking independent legal advice if they are not familiar with the requirements or the consequences of the PSC legislation.

These templates are drafted by experienced corporate solicitors and reflect the Companies Act 2006.

• Guidance on the PSC Regime
• Statutory Notices for "People with Significant Control"
• Letters and Pro-Forma Replies from PSCs
• PSC and RLE Registers
• Ancillary PSC Documents & Correspondence with Companies House
• Companies House Forms for PSCs
• PSC Documents for Limited Liability Partnerships

Register of People with Significant Control is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.