Trustpilot
ISO 27001 Certified
Welcome to Simply-Docs
Business
Employment
Health & Safety
Property
Samples & Free
Corporate
PSC Regime

Statutory Notices for "People with Significant Control"

Under the Companies Act 2006, as amended by the Economic Crime and Corporate Transparency Act 2023, most UK companies (and LLPs) are required to identify the people with significant control over them (PSCs) and provide this information to Companies House where this information is publicly recorded. 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.

A company will first need to identify who has significant control over it. This should include reviewing the company’s articles of association, its register of members and any shareholders’ agreement in place, amongst other things.

Because a company can only provide confirmed information to Companies House, unless a company has a simple shareholder base, where it is quick and easy to work out its PSCs, it may need to serve statutory notices on individuals or legal entities it knows (or has reasonable cause to believe) are registrable under the PSC regime. This also extends to persons who are not registrable themselves but may know the identity of a registrable person.

Statutory notices should also be served when PSC information changes, when a PSC does not reply to a notice, and when notice of any restrictions are put in place.

When Should You Use These Templates?

✅ You need to request and confirm PSC information before updating Companies House
✅ You have reasonable cause to believe an individual or legal entity is registrable and you need to serve a statutory notice
✅ You need to contact someone who may know the identity of a registrable PSC or relevant legal entity (RLE)
✅ A PSC or RLE’s details have changed and you need to issue the correct statutory change notice
✅ A PSC has not responded and you need to escalate using warning and restrictions notices
✅ You need to withdraw restrictions once the position has been resolved

🔀 Document Toolkit: Typical Sequence

Step 1

Identify who may be registrable Review the articles, register of members, and any shareholders’ agreement (amongst other things) to identify individuals and RLEs who may have significant control. 

Step 2

Serve the appropriate statutory notice Use the notice to PSCs (individuals), to an RLE, or to those with knowledge of PSCs, depending on who you are contacting and what information you need to confirm. 

Step 3

Deal with changes and non-responses Use the relevant change notices where details change, and use warning and restrictions notices where a PSC does not reply. 

Step 4

Withdraw restrictions when resolved Where restrictions have been put in place and the position is later resolved, use the withdrawal of restrictions notice. 

Timing Point to Note

Customers should note that all new information must be filed directly with Companies House within 14 days of having a confirmed change. This includes; when someone becomes a PSC, their information has been updated, when someone stops being a PSC, when a company stops having a PSC, when a person notified as an initial PSC on incorporation did not become an initial PSC, when there is a change of PSC information pre-incorporation, and when someone disputes information on the PSC register.

Further details can be found in the PSC guidance note, on the Companies House website or at GOV.UK.

What Is Included in This Collection?

This collection includes statutory notices that a company may need to serve on individuals or legal entities in order to gather and verify who has significant control over the company, as required under the PSC regime.

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

Frequently Asked Questions

A shareholder will not confirm their PSC details. What can we do? +
Serve a statutory information notice under section 790D of the Companies Act 2006 requiring them to confirm the position within one month. If they do not reply, you can serve a warning notice and, one month later, a restrictions notice over their shares under Schedule 1B, freezing transfers, voting and dividends. This section provides each notice in sequence so the escalation is properly evidenced.
When must we serve a section 790D notice, and on whom? +
You must serve one on anyone you know, or have reasonable cause to believe, is a registrable PSC or relevant legal entity, unless they have already supplied confirmed information. You may also serve one on anyone who may know a PSC's identity, such as advisers, family members or business partners. The notices in this section cover each recipient type for both companies and the people addressed.
How long does someone have to reply to a PSC notice? +
One month from the date of the notice. Failing to reply, or knowingly giving false information, is a criminal offence, and non-response also exposes any shares or rights they hold to a restrictions notice after a further warning. The pro-forma reply slips in the Letters and Pro-Forma Replies from PSCs section make it easy for recipients to respond in time.
What does a restrictions notice actually do? +
It freezes the relevant interest: any transfer or agreement to transfer is void, no rights attaching to the interest can be exercised, no shares can be issued in right of it and, apart from a liquidation, no payments such as dividends can be made on it. Breaching restrictions knowingly is an offence. The Restrictions Notice template applies Schedule 1B, and the position must be noted in your filings.
When do we have to lift restrictions, and how? +
When the person complies with the original notice, when a valid reason for the failure emerges with supporting evidence, when the restrictions unfairly affect a third party's rights or when a court orders it. You lift them by issuing a withdrawal notice, and where withdrawal is required you must issue it within 14 days. The Withdrawal of Restrictions Notice template completes the sequence and the record.
A PSC's details have changed. Which notice applies? +
Serve a change notice under section 790E on a registered PSC or RLE where you know, or have reasonable cause to believe, a relevant change has occurred, such as their particulars changing or their ceasing to be registrable. They have one month to reply, and once the change is confirmed you must file it with Companies House within 14 days. The change notice templates in this section cover each scenario.
Corporate Buy Only £38.50 + VAT!
Unlimited Downloads for One Year
No Auto-Renewal
All PSC Regime

Simply-4-Business Ltd Registered in England and Wales No. 4868909, 20 Mortlake High Street, Mortlake, London SW14 8JN

Trustpilot
Top