Context
Companies House has published a Summary Guidance document which gives an overview of people with significant control (PSC) requirements for companies. If a company has a simple ownership and control structure, further guidance may not be needed. The Guidance introduces the Register of People with Significant Control, which comes with its own Guidance document.
Key points to note and next actions
The Summary Guidance includes:
- What the register of people with significant control is, and what a company needs to do.
- Identifying the people with significant control, with an example.
- Information you need to collect and report, making sure you get the information, recording it, and providing it to Companies House.
- Updating the information.
- What happens if the requirements are not met.