PSC Registers : Are you in Control?
PSC Registers and the legal obligations on funds and fund managers who are persons with significant control.
Most UK incorporated companies and LLPs are now required to hold a register of people with significant control (or 'PSC Register'). From 30 June 2016 entities that are subject to this requirement will be required to pass this information to Companies House as part of their annual confirmation statement, which replaces the annual return.
This paper explains the legal obligations on funds and on fund managers who are deemed to "control" a company or LLP under these new requirements.