Voluntary PSC Notification Letter (Buyer)
Companies must keep their PSC (persons of significant control) registers up to date. PSCs are also under an obligation themselves to notify the company of their status and keep this information up to date. This is particularly important following a share sale or purchase.
This PSC Voluntary Notification Letter template is from an individual or entity that is now registrable in relation to a company following the purchase of shares requiring registration. A notification will enable the target company to update its PSC register in a timely manner. The notification is prescriptive, in that the details that must be provided as well as the wording used to describe the nature of control, must be as set out in the relevant legislation.
This template is in open format. The requisite details should be inserted into the highlighted fields or the wording can be adjusted to suit your purposes. Wording in square brackets is optional. If it is required, then the brackets should be deleted and the wording within them retained. If the wording is not required, then it can be deleted.
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