Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

PSC register definition

What does PSC register mean? In practice, a PSC register is the record showing who ultimately owns or controls a UK entity—its people with significant control (PSCs) and, where applicable, relevant legal entities (RLEs). It underpins beneficial ownership transparency for filings, corporate governance and due diligence. The concept is statutory. Part 21A of the Companies Act 2006 (inserted by the Small Business, Enterprise and Employment Act 2015) and related regulations require UK companies limited by shares or guarantee (including community interest companies), LLPs, unlimited and unregistered companies, and, under the Scottish Partnerships (Register of People with Significant Control) Regulations 2017, eligible Scottish partnerships (Scottish limited partnerships...

UK LLP PSC register: identifying PSCs and RLEs, significant influence, fund structures, investigation duties, and Companies House filings (including ECCTA 2023 reforms)

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Practice notes

People with significant control (PSC) regime

The architecture of the people with significant control (PSC) regime, which first commenced on 6 April 2016, is contained in Part 21A of the Companies Act 2006 (CA 2006). Its purpose is to tackle worries about the lack of transparency in corporate Ownership, where historically the register captured only the legal holder of Shares, not always the beneficial owner. By requiring a PSC register, more precise and up‑to‑date details are available about who ultimately owns and directs companies and other bodies, and this information is made public via the central register at Companies House and remains accessible to the public. It assists prospective investors in their decision‑making. It likewise aids law enforcement bodies with money laundering enquiries. LLPs formed under the Limited Liability Partnerships Act 2000 must keep a record of persons with significant control over the LLP under the Limited Liability Partnerships (Register of People with Significant Control) Regulations 2016, SI 2016/340 (the LLP Regulations), as amended by the Information about People with Significant Control (Amendment) Regulations 2017, SI 2017/693 (the 2017 Regulations). This Practice Note examines the rules and guidance on the meaning of ‘significant control’ for LLPs, the reasonable steps that...

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Web page updated on 22/05/2026

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