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Significant control

26 October 2016 / Dipan Shah , Matt Timmons , Sam Wood
Issue: 4573 / Categories: Comment & Analysis

The relevance of the significant control register.


  • From 6 April 2016 all UK incorporated companies and LLPs have been required to keep and maintain a PSC register.
  • From 30 June 2016 the register must be disclosed as part of the annual confirmation statement submission to Companies House.
  • Failure to comply is a criminal offence committed by both directors and the PSCs.
  • Directors and owners of UK businesses will need to ensure their filings do not contradict information provided to other institutions.

After the extensive media coverage of the Panama papers pressure for greater corporate transparency has intensified. It is an important factor in the fight against tax evasion money laundering and terrorist financing.

The introduction of the people of significant control (PSC) register on 6 April 2016 is a key development in the movement towards increased...

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