From 6 April 2016, UK companies and Limited Liability Partnerships will be required to investigate “People with Significant Control” (PSCs) in them and “Relevant Legal Entities” (RLEs), and to keep a register of their details. This is part of the UK implementation of the G20 High Level Principles of Beneficial Ownership Transparency. The PSC register will have to be open for inspection (subject to certain protections) and information from it included in each company or LLP’s annual confirmation statement from 30 June 2016 (which replaces the submission of annual returns to Companies House).
Please click here to view our advice on current action required.
For more information, please contact Rebecca on +44 (0)1483 252636 or firstname.lastname@example.org.
News & Insights
Charles Russell Speechlys advises Daystar Power Group and founder on $10 million equity stake by Verod Capital Management and Persistent Energy
Daystar Power Group is a pan-African electricity company specialising in the generation of solar energy.
Charles Russell Speechlys advises FPE Capital and members of the management team of Kallidus on its sale
Kallidus is a leading human capital management and e-learning (SaaS) provider.
Charles Russell Speechlys Corporate team in Guildford shortlisted for four South East dealmakers awards
The awards celebrate the region’s corporate finance transactions across the legal, accountancy, banking and finance communities.
Charles Russell Speechlys' Corporate team advises on the sale of Gerald Simonds healthcare Ltd
Gerald Simonds Healthcare is highly respected in the assistive technology industry.