Section 790H Notice – Duty to Update Information

Letter to PSCs Regarding Updating Information

CO.PSC.13

This Letter to PSCs regarding Updating Information is a letter that a company may choose to send to its PSCs and RLEs, reminding them of their statutory duty under section 790H of the Companies Act 2006 to update their information on the company’s PSC register if they know, or ought reasonably to know, that a relevant change has occurred to their particulars.

This could mean that a PSC/RLE has ceased to be registrable or there has been a change to their particulars; for example, a shareholder previously holding 45% of a company’s share capital now holds 55%, putting their registrable interest in the company within a different disclosable band.

Whilst companies must send a notice to those they know whose particulars on their PSC register have changed, there may be circumstances where a company does not know (or have reasonable cause to believe) that a relevant change has occurred and therefore the company will not have sent the relevant statutory notice to the PSC/RLE.

This letter therefore seeks to remind all the company’s PSCs/RLEs that, should a relevant change occur, they must inform the company of their updated information accordingly.

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