The UK’s corporate beneficial ownership register took a step closer last week with the government publishing a consultation exercise for the detailed registration regulations (the consultation period closes on July 17).
From January 2016, UK companies will have to register “people with significant control” (PSC) and confirm that information with a central filing by April 2016.
A copy of the consultation exercise is here (pdf).
Essentially, PSC will either directly or indirectly own more than 25% equity or have direct or indirect power to control or influence the running of the company.
The original article can be found at www.fcpablog.com