November 14th, 2017

PSC Forms Update

From 8th November 2017, forms for notifying Companies House of Persons with Significant Control (PSC) are changing. An additional field will be compulsory: the Register Entry Date. This is the date that the company updates its register. A company must update its register within 14 days of confirming a PSC. A company must then give notice to Companies House of any change made to its PSC register, and the date on which the change was made, before the end of the period of 14 days beginning with the day after it makes the change to its register.

This requirement applies whenever a company:

1. enters required particulars in its PSC register;
2. alters required particulars in its PSC register; or
3. notes in its PSC register an additional matter required by the PSC Regulations 2016.

Failure to comply is an offence on the part of the company and any officer in default.

The following forms are affected; PSC01 – PSC07 and LL PSC01 – LL PSC07.

Please contact our corporate compliance department if you need PSC guidance.

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