As noted in the Corporate & Financial Weekly Digest edition of February 5, the UK Government on January 25 published two regulations in relation to new requirements for UK-incorporated companies and UK-formed limited liability partnerships (LLPs) to keep a register of people with significant control (PSC Register).
Continue Reading House of Lords and House of Commons Agree on PSC Register Regulations
PSC Register
UK Government Publishes Statutory Guidance on the Meaning of “Significant Influence or Control” in Connection With PSC Registers
By Neil Robson on
Posted in UK Developments
The Corporate & Financial Weekly Digest edition of January 8 discussed draft guidance published by the UK Government’s Department for Business, Innovation and Skills (BIS) in December 2015 on the meaning of persons with “significant influence or control.” The draft guidance is in relation to new requirements for UK-incorporated companies and UK-formed limited liability partnerships (LLPs) to maintain a register of people with significant control (PSC Register).
Continue Reading UK Government Publishes Statutory Guidance on the Meaning of “Significant Influence or Control” in Connection With PSC Registers
PSC Register––Draft Guidance on the Meaning of “Significant Influence or Control” for UK Companies and LLPs
By Neil Robson on
Posted in UK Developments
As discussed in the Corporate and Financial Weekly Digest edition of August 14, 2015, the new obligation for UK companies and limited liability partnerships (LLPs) to keep and maintain a register (Register) of people with significant control (PSC) over the company (PSC Register), as introduced by the Small Business, Enterprise and Employment Act 2015, includes an individual or entity that otherwise exercises (or has the right to exercise) “significant influence or control” over the company.
Continue Reading PSC Register––Draft Guidance on the Meaning of “Significant Influence or Control” for UK Companies and LLPs