Voluntary PSC Notification Letter (Buyer)

Companies must keep their PSC (persons of significant control) registers up to date. PSCs are also under an obligation to notify the company of their status and to keep their details up to date. This is particularly important following a share sale or purchase.

This Voluntary PSC Notification Letter (Buyer) is intended to be sent by an individual or entity that has become registrable in relation to a company following a purchase of shares that triggers PSC registration.

The notification is prescriptive. The information that must be provided, and the wording used to describe the nature of control, must be as set out in the relevant legislation. Sending the notification enables the company to update its PSC register in a timely way.

What does Voluntary PSC Notification Letter (Buyer) do?

It provides a standard form notification for a newly registrable PSC to notify the company of its PSC status and the required particulars following a relevant share purchase.

What does Voluntary PSC Notification Letter (Buyer) cover?

• The required particulars of the individual or entity that is now registrable.
• Prescribed wording describing the nature of control, in the form required by legislation.
• Notification intended to support timely updating of the company’s PSC register following the transaction.

When should you use Voluntary PSC Notification Letter (Buyer)?

• Following a share purchase, an individual or entity has become registrable as a PSC and needs to notify the company.
• The company needs the prescribed PSC information so it can update its PSC register promptly.

Voluntary PSC Notification Letter (Buyer) is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.