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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