From 6 April 2016, companies, Societates Europaeae and Limited Liability Partnerships must keep a register of individuals or legal entities that have control over them. These people are known as people with significant control or ‘PSC’s’. This is in addition to keeping other information, such as a register of members and a register of
This new register must contain information on individuals who ultimately own or control more than 25% of a company’s shares or voting rights, or who otherwise exercise control over the company and its management.
A company’s PSC register will be available for public inspection and will be searchable online via Companies House. From 30 June 2016, you must start including PSC details when filing your new annual confirmation statements (which will replace the current annual return from the same date).