Confirmation of Company’s Beneficial Owners

Company Declaration of Beneficial Ownership Structure

CO.SHARE.37

The beneficial ownership of companies is a heavily regulated area since the introduction of the People with Significant Control (PSC) regime in 2016. However, the PSC regime is highly prescriptive and concerns beneficial ownership of more than 25% only in a company as well as having a very broad definition of “ownership”.

There can however be a need, particularly as part of a share sale, for companies to confirm (to the best of their knowledge) to prospective purchasers both their registered shareholders and their beneficial ownership structure. This document template is such a form of declaration. It aims to include all ultimate owners of shares and not just those with a holding of more than 25%. This can provide a level of comfort, particularly to the purchaser in an acquisition situation.

This template does not seek to replicate the more rigorous requirements of the PSC regime. Details of the PSC regime can be accessed here .

Optional phrases / clauses are enclosed in square brackets. These should be read carefully and selected so as to be compatible with one another. Unused options should be removed from the document.

This Company Declaration of Beneficial Ownership is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.

Once you have purchased access to the appropriate document folder click on the “Download Document” link below. You will be asked what you want to do with the file. It is recommended that you save the document to a location of your choice prior to viewing.

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