Clifford Chance

The PSC Register Requirements: A Practical Guide for Private Fund Structures

1 March 2016

All UK incorporated companies (that are not exempt) and LLPs will need to keep a register of people with significant control over them (PSC register) from 6 April 2016. They will also need to file their PSC information at Companies House when making their confirmation statement (which replaces the annual return) from 30 June 2016 onwards. Non-compliance with the PSC register requirements is a criminal offence.

This briefing explains how to identify the entities in your group and fund structures that will be required to keep a PSC register, the individuals and legal entities that need to be recorded in those registers and what information must be recorded. It also provides practical guidance to help you carry out your “PSC register analysis” for each of the entities, fund vehicles and investee companies in your structures.

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