Voluntary PSC Notification Letter (Seller)

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 (Seller) is intended to be sent by an individual or entity that has ceased to be registrable as a PSC because they have sold some or all of their shares to a third party.

Sending the notification enables the company to update its PSC register in a timely way.

What does Voluntary PSC Notification Letter (Seller) do?

It provides a standard form notification for a person or entity who has ceased to be registrable as a PSC to notify the company following a relevant share sale.

What does Voluntary PSC Notification Letter (Seller) cover?

• Notification that the sender has ceased to be registrable as a PSC following the sale of shares.
• Information intended to support timely updating of the company’s PSC register after the transaction.

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

• Following a share sale, an individual or entity has ceased to be registrable as a PSC and needs to notify the company.
• The company needs to update its PSC register promptly to reflect the change in control.

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