Following a consultation earlier this year, the Department for Business, Innovation and Skills (BIS) has confirmed the Government's plans for the introduction of the new Register of People with Significant Control: see here (pdf). Secondary legislation - the People with Significant Control Regulations - will be laid before Parliament in January 2016, and companies will be required to keep a PSC register from 6 April 2016. Legislation will be introduced to bring LLPs into the PSC regime alongside companies. Finalised guidance will be published in January 2016. Further information is available here.
Thursday, 24 December 2015
UK: introducing the PSC register - Government implementation plan
Following a consultation earlier this year, the Department for Business, Innovation and Skills (BIS) has confirmed the Government's plans for the introduction of the new Register of People with Significant Control: see here (pdf). Secondary legislation - the People with Significant Control Regulations - will be laid before Parliament in January 2016, and companies will be required to keep a PSC register from 6 April 2016. Legislation will be introduced to bring LLPs into the PSC regime alongside companies. Finalised guidance will be published in January 2016. Further information is available here.
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