Equity Culture

Tel: +44 (0)7956 691 104

  • Home
  • About Us
  • Board Evaluations
  • Regulatory Compliance
  • Clients and Case-Studies
  • Noticeboard
  • Blog
  • Contact Us

People with Significant Control (PSC) Registers

1st February 2016 2 Comments

A FTSE250 Company Secretary writes...

“Please can you let me know how you are preparing to deal with “people with significant control” within the Small Business, Enterprise and Employment Act?

From 6 April 2016 virtually all UK companies will be required to maintain a Register of People with Significant Control (including dormant companies and group subsidiary companies) and from 30 June 2016 details of PSC registers will need to be filed with UK companies House at least once every year when annual filings are made.

Whilst some guidance notes have recently been released on the Gov.uk website (and further guidance is expected soon) what plans you have made or have you put any arrangements in place?

Leave a Reply Cancel reply

Only your comment and indication of company type will be published

Comments

  1. FTSE100 said

    12th April 2016 at 3:55 pm

    There is a free webinar from TMF Group on practical steps to take now and issues to consider which you can register for at webinar@tmf-group.com

    • FTSE100 said

      10th March 2016 at 6:19 pm

      Surprised that there are no comments on this one as it is pretty key! As a professional services firm acting for all sorts of companies including FTSE 100 we have some of this information already on UBOs as part of our KYC checks. Should be straightforward in most cases eg parent with wholly owned subsidiaries and family owned companies. For JV companies will need to do some work. For more complex group structures will need to send out notices to obtain or confirm the information; considering doing annual returns for more complex groups early ie before 30 June when PSC information has to submitted with the replacement of the annual return so it gives us more time to get the PSC information right, however there is the option of noting on the register that we are using reasonable efforts but do not have the information yet . Would be interested in others’ views.

      Sections

      • Home
      • About Us
      • Board Evaluations
      • Regulatory Compliance
      • Clients and Case-Studies
      • Noticeboard
      • Blog
      • Contact Us

      Recent Notices

      • Providing copies of the Register of Members to external parties

        Providing copies of the Register of Members to external parties

        1st December 2022
      • Related Party Transactions

        Related Party Transactions

        21st September 2022
      • Should NEDs be required to hold shares in the company?

        Should NEDs be required to hold shares in the company?

        16th August 2022
      • Board Support Assistant

        Board Support Assistant

        11th July 2022
      • Interim Company Secretary Role

        Interim Company Secretary Role

        5th July 2022

      Contact EquityCulture

      Address:

      89 Kesteven Way,
      Corby,
      Northamptonshire
      NN18 8GF

      Registered in England and Wales No. 06008649.

      • Blog
      • UK Board Evaluations
      • UK Corporate Governance

      © 2023 EquityCulture | Site Designed & Built by Midland Tech