Register of Person with Significant Control

Compulsorily, every limited company is required to disclose and keep the register of the person with significant control (PSC) and notify Companies House.

Conventionally, people use of nominee director and nominee shareholder to shadow the beneficial owner’s names for whatever reasons. With this PSC law came into force on 6 April 2016, beneficial owners would surface.

Generally, you must let the public inspect your register of the person with significant control.

Usually, your company’s must keep the following details of your PSC.

PSC who is an individual

  1. Full name
  2. Date of birth
  3. Nationality
  4. A service (correspondence) address
  5. Usual home address
  6. Country of residence
  7. Nature of control
  8. The date on which he/she became a PSC of your limited company

PSC who is a corporate body or legal entity

  1. Corporate or firm name
  2. The principal or Registered Office address
  3. The legal form of the entity – i.e. a partnership, a company or a trust etc.
  4. The Registrar of Companies of which the PSC registered with and its registered number given by the Registrar.
  5. Nature of control
  6. The date on which it became a PSC of your limited company.

Thereafter, you must also update any subsequent changes to your PSC particulars. At the same time, you notify Companies House with the updated information.

For example, you are to use the form PCS04, PSC05, PSC06 if you have changes in your PSC particulars. If you want to remove the existing PSC, use the form PSC07.

Companies House would prompt you to submit your PSC details when come to filing your company’s Confirmation Statement if you have not yet given your PSC details with them.

1 Comment

  1. David W Author July 7, 2020 (11:36 am)

    Superb posts.Thanks.

    Reply to David W

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