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People with Significant Control register goes live 30/06/2016 The People with Significant Control (PSC) register, which requires companies to declare who owns or controls them to Companies House, is now live.

People with Significant Control register goes live

The People with Significant Control (PSC) register, which requires companies to declare who owns or controls them to Companies House, is now live.

The register includes information about the individuals who own or control companies including their name, month and year of birth, nationality, and details of their interest in the company. UK companies (except listed companies) and limited liability partnerships (LLPs) will now need to declare this information when issuing their annual confirmation statement to Companies House.

A person of significant control is someone who holds more than 25% of shares or voting rights in a company, has the right to appoint or remove the majority of the board of directors or otherwise exercises significant influence or control.

This information will form a central public register of people with significant control, which is free to access.

The UK is the first country in the G20 to create a public register of this kind.

More details can be found here.

 

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