PSC Register

The new register of people with significant control over a company: transparency in the UK.

“PSC register” introduced for almost all UK companies and LLPs.

From 6 April 2016, all unlisted UK companies and limited liability partnerships (LLPs) must maintain a register of the people who have significant control over them. This new “register of people with significant control” is known as the “PSC register”.

The PSC register identifies the individuals who ultimately own or control more than 25% of a company’s shares (or more than 25% of an LLP’s assets), more than 25% of the company/LLP’s voting rights, or who otherwise exercise control over the company or LLP and its management.

Given that the individual or individuals who control a company are often different from those listed on the register of members, in many cases the PSC register could look quite different – and be a much more interesting document – than the shareholder/membership register.

The PSC register is available for public inspection and, from 30 June 2016, the information will be searchable online via UK Companies House.

The introduction of the PSC register is a central part of the UK Government’s G8 commitment to greater corporate transparency. The UK is leading the way on this issue, with similar moves now put in motion at EU level as part of the 4th Money Laundering Directive.


Public beneficial ownership registers coming to Caymans, BVI and Bermuda

British Overseas Territories (BOTs) will have to create public beneficial ownership registers for companies registered in their jurisdiction by 31 December 2020.  BOTs are being mandated to introduce public beneficial...

Written on: 3 May 2018


Read time 2m

Latest details about beneficial ownership register for non-UK entities holding UK real estate and public procurement contracts

The UK government has set out its thinking on how the forthcoming beneficial ownership register for overseas entities holding UK real estate and public procurement contracts will work ahead of...

Written on: 26 Mar 2018


Read time 3m

Timetable published for new UK law to create ‘world’s first’ public register of overseas beneficial owners of property and bidders for public procurement contracts

The UK government has set out a timetable for a new law which will require overseas entities that own UK property or bid for UK public procurement contracts to disclose...

Written on: 23 Jan 2018


Read time 1m

Beneficial owners of UK property and bidders for UK public procurement contracts to be disclosed under laws planned for 2018

Entities that hold UK property or enter into UK public procurement contracts will have to register their beneficial ownership information in a public register under government plans.  Legislation is scheduled...

Written on: 13 Dec 2017


Read time 2m

Extension of PSC register: UK AIM companies are now in scope

UK AIM companies are now within scope of the persons with significant control (PSC) register regime, as a result of changes which came into force on 26 June 2017.  Changes...

Written on: 30 Jun 2017


Read time 4m

Extension of PSC register: what do funds with Scottish LPs in their structure need to know?

Scottish limited partnerships (Scottish LPs) are now within scope of the persons with significant control (PSC) register regime, as a result of changes which came into force on 26 June...

Written on: 30 Jun 2017


Read time 3m