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Persons with Significant Control and Consent

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Persons with Significant Control and Consent

Persons with Significant Control and Consent

Did you know a PSC who is an individual should confirm their personal details and give their consent before they are placed on the PSC Register?

Consent can be treated as confirmed if:

  • the PSC directly supplied your company with their information
  • the information was provided to your company with the knowledge of the PSC
  • you asked the PSC to confirm the information was correct, and they replied that it was
  • you hold previously confirmed information and have no reason to believe it has changed.

The details an individual PSC needs to confirm are:

  • full name
  • date of birth
  • nationality
  • country, state or part of the UK where the PSC usually lives
  • service address
  • residential address (this will not be publicly available if you provide a service address)
  • date on which the individual became a PSC
  • which of the 5 conditions the PSC meets, including the quantification of their interest, where relevant
  • any restrictions on disclosing your PSC information which are in place

Once the PSC information has been confirmed (whether in relation to an individual or a legal entity) you have 14 days to enter the PSC details onto the PSC Register and a further 14 days to file the appropriate PSC forms with Companies House.

Equally a PSC has a duty to the company to volunteer the required information within 1 month from the time they know or ought to know that they are a PSC, or their position as one has changed. Failure to do so is a criminal offence.

For further information on PSCs please contact our company secretarial team at: cosecdept@emwllp.com or call 0345 070 6000.