Guidance on people with significant control (PSC) for companies, UK Societas, limited liability partnerships (LLPs) and eligible Scottish partnerships.
This guidance is directly addressed to you if you are, or will be:
- a director or secretary of a company or UK Soceitas (UKS)
- a designated member of a limited liability partnership (LLP)
- a general partner of an eligible Scottish partnership (ESP)
- acting for a company, LLP, UKS or ESP as an adviser, or authorised corporate service provider
- a PSC of a company, LLP, UKS, or ESP
UK companies, LLPs and ESPs are required to identify their people with significant control and to report this information to Companies House.
These requirements introduce legal duties. Those failing to comply could be committing a criminal offence and could receive a fine, imprisonment, or both.
The guides have been prepared by the Department for Business and Trade (DBT) with the help of business, civil society and legal experts.
Further information: