You are here:
  1. Home
  2. Support services
  3. Advice
  4. Articles
  5. Joint Law Society and City of London Law Society Q&A on the PSC Register

Joint Law Society and City of London Law Society Q&A on the PSC Register

8 November 2019

Ever since the introduction of the Register of People with Significant Control (PSC Register), our members have had questions about how certain aspects work.

We have worked with the City of London Law Society and the Department for Business, Energy and Industrial Strategy (BEIS) to create a Q&A which will help all those who have to work with the PSC Register.

The main purpose of the Q&A is to highlight certain areas of complexity within the regime which are not specifically covered by the PSC Register primary and secondary legislation or the related guidance issued by BEIS.

The main areas covered in the Q&A are:

  • holding shares/votes/board appointment rights
  • indirect interests/majority stake
  • trusts/funds
  • reasonable steps, restrictions and warning notices
  • position on incorporation

BEIS guidance on the PSC regime is available from GOV.UK.

Recommended

pdc logo
Thriving at work and at home in a 24/7 connected world webinar

Join this one-hour webinar on 2 December to learn more about how to manage mental health in an increasingly digital world.

Thriving at work and at home in a 24/7 connected world webinar > More