UK Statutory Instrument
2016
United Kingdom
Register of People with Significant Control Regulations 2016
At a glance
Enforced by
What's here
22 compliance obligations, 1 practical guide
Penalty landscape
1 of 22 obligations carry a criminal penalty. 21 have no criminal penalty — flagged in the list below.
Who this Act binds
Business-side actors with duties under this Act, ranked by how often they appear.
- Trader 14
- Any Person 4
- Director or Officer 1
Plus 3 non-business duties on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.
Relevant guidance
Practical guides for businesses affected by this Act, ordered by how closely they engage with it.
Supporting — topic alignment
1 guidesOther Acts binding the same actors
For each actor bound by this Act, the other UK Acts that bind them most often. Useful for understanding the full compliance landscape facing each role.
Traders also bound by 826 other Acts (top 5 shown)
- Value Added Tax Regulations 1995 1995 413 duties
- Companies Act 2006 2006 243 duties
- The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 2008 114 duties
- Insolvency (England and Wales) Rules 2016 2016 62 duties
- Building Societies Act 1986 1986 56 duties
Any Person also bound by 2338 other Acts (top 5 shown)
- Human Medicines Regulations 2012 2012 169 duties
- Merchant Shipping Act 1995 1995 144 duties
- Insolvency (England and Wales) Rules 2016 2016 101 duties
- Road Traffic Act 1988 1988 95 duties
- Air Navigation Order 2016 2016 95 duties
Directors and Officers also bound by 425 other Acts (top 5 shown)
- Insolvency (England and Wales) Rules 2016 2016 161 duties
- Companies Act 2006 2006 108 duties
- Insolvency Act 1986 1986 72 duties
- The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 2008 55 duties
- The Housing Administration (England and Wales) Rules 2018 2018 26 duties
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Part 1 — GENERAL INTRODUCTORY PROVISIONS
Browse 2 other sections in this Part — procedural / definitional / commencement
Citation and commencement
Interpretation
Part 2 — APPLICATION AND FEES
Browse 4 other sections in this Part — procedural / definitional / commencement
Companies to which Part 21A of the Act does not apply
Legal entities which are subject to their own disclosure requirements
Modification for persons covered by section 790C(12) of the Act
Fee for a copy of a company's PSC register
Part 3 — NATURE OF CONTROL AND FOREIGN LIMITED PARTNERS
Browse 2 other sections in this Part — procedural / definitional / commencement
Part 3A — Further duties on company to give notices concerning persons with significant control
Further duties on company to give notices concerning persons with significant control
- Update Companies House if Person with Significant Control info changes Trader
Part 4 — ADDITIONAL MATTERS
Additional matters to be noted in a PSC register
- Update your PSC register if a 'no registrable person' statement is no longer true Trader
Additional matters where there is no registrable person or registrable relevant legal entity
- Record when your business has no people with significant control Trader
Additional matters where there is an unidentified registrable person
- Note unidentified people with significant control in your PSC register Trader
Additional matters where an identified registrable person's particulars are not confirmed
- Update PSC register for identified persons with unconfirmed details Trader
Additional matters where a company's investigations are ongoing
- Record ongoing efforts to identify people with significant control Trader
Additional matters where there is a failure to comply with a notice given under section 790D of the Act
- Record failures to respond to PSC information notices in your register Trader
Additional matters where there is a failure to comply with a notice given under section 790E of the Act
- Record failure to comply with a PSC information notice in your register Trader
Additional matters where a notice given under section 790D or section 790E of the Act is complied with after the time specified in the notice
- Update your PSC register after late compliance with a notice Trader
Additional matters where a company has issued a restrictions notice
- Update your PSC register if you issue or withdraw a restrictions notice Trader
Part 5 — WARNING AND RESTRICTIONS NOTICES
Content of a warning notice
- Include specific details in a PSC warning notice Trader
Content of a restrictions notice
- Your company must include specific details in a PSC restrictions notice Director or Officer
Failure to comply with a section 790D , 790DA, 790E or 790EA notice: valid reason
- Consider incapacity when evaluating non-compliance with PSC notices Trader
Withdrawal of a restrictions notice
- Issue a withdrawal notice when restrictions on shares are lifted Trader
Part 6 — THE PROTECTION OF USUAL RESIDENTIAL ADDRESS INFORMATION
Matters relating to an application made under regulation 25, 26 or 27
- Update Companies House if your protection application details change Any Person
Revocation of a determination made under regulation 25, 26 or 27
- Revocation of protection from public disclosure due to false statements Any Person
Browse 9 other sections in this Part — procedural / definitional / commencement
Permitted disclosure of usual residential address information by the registrar to specified public authorities
Permitted disclosure of usual residential address information by the registrar to credit reference agencies
Circumstances where the registrar must refrain from disclosure of usual residential address information
Application by an individual requiring the registrar to refrain from disclosing that individual's usual residential address information to a credit reference agency
Application by a company requiring the registrar to refrain from disclosing an individual's usual residential address information to a credit reference agency
Application by a subscriber to a memorandum of association requiring the registrar to refrain from disclosing an individual's usual residential address information to a credit reference agency
Withdrawal of an application made under regulation 25, 26 or 27
Appealing against a determination made under regulation 25, 26 or 27
Duration of a determination made under regulation 25, 26 or 27
Part 7 — THE PROTECTION OF SECURED INFORMATION
Circumstances where the registrar must omit secured information from material on the register available for public inspection
Other duties (1) — Crown / regulator
- Companies House must hide protected person information from the public register Statutory regulator
Matters relating to an application made under regulation 36, 37 or 38
- Update Companies House on changes to your PSC protection application Any Person
Withdrawal of an application made under regulation 36, 37 or 38
- Notify the company if you withdraw an application to protect PSC information Any Person
Unsuccessful determination made under regulation 36, 37 or 38
Other duties (1) — Crown / regulator
- Companies House must make protected PSC information public if an appeal fails Statutory regulator
Protection by a company of secured information
- Protect sensitive PSC information from disclosure Trader
Browse 9 other sections in this Part — procedural / definitional / commencement
Circumstances where the registrar must not use or disclose secured information
Fee payable for the disclosure by the registrar of secured information
Application by an individual requiring the registrar to refrain from using or disclosing that individual's secured information
Application by a company requiring the registrar to refrain from using or disclosing an individual's secured information
Application by a subscriber to a memorandum of association requiring the registrar to refrain from using or disclosing an individual's secured information
Appealing against an unsuccessful application made under regulation 36, 37 or 38
Duration of a determination under regulation 36, 37 or 38
Revocation of a determination under regulation 36(5), 37(5) or 38(5)
Fee payable for the disclosure by the registrar of information to a credit institution or a financial institution
Part 8 — TRANSITIONAL PROVISIONS, AMENDMENTS TO THE 2009 REGULATIONS AND REVIEW
Review
Other duties (1) — Crown / regulator
- Secretary of State must review the PSC Regulations every five years Crown / Minister / Government department
Browse 3 other sections in this Part — procedural / definitional / commencement
Schedules
Browse 56 other Schedules — structural / supplementary
PARTICULARS REQUIRED AS TO NATURE OF CONTROL
CONDITIONS FOR PERMITTED DISCLOSURE
— In Israel— — Tel Aviv Stock Exchange — In...
A statement that the person holds, directly or indirectly, more...
A statement that— (a) the person has the right to...
A statement that— (a) the person has the right to...
A statement that— (a) the person has the right to...
A statement that— (a) the person has the right to...
A statement that— (a) the person has the right to...
A statement that— (a) the person has the right to...
A statement that— (a) the person has the right to...
A statement that— (a) the person has the right to...
A statement that— (a) the person has the right to...
A statement that— (a) the person has the right to...
A statement that the person holds, directly or indirectly, more...
A statement that— (a) the person has the right to...
A statement that— (a) the person has the right to...
A statement that— (a) the person has the right to...
A statement that— (a) the person has the right to...
A statement that— (a) the person has the right to...
In relation to a company that does not have a...
A statement that the person holds, directly or indirectly, 75%...
A statement that the person holds, directly or indirectly, more...
A statement that the person holds, directly or indirectly, more...
A statement that the person holds, directly or indirectly, 75%...
A statement that the person holds the right, directly or...
A statement that the person has the right to exercise,...
A statement that— (a) the person has the right to...
— The Bank of England (including the Bank in its...
The credit reference agency has delivered to the registrar a...
The credit reference agency has delivered any information or evidence...
The credit reference agency has complied with any requirement by...
The credit institution or financial institution maintains appropriate procedures—
The credit institution or financial institution has delivered to the...
The credit institution or financial institution has delivered to the...
The credit institution or financial institution has delivered to the...
The credit institution or financial institution has delivered to the...
The credit institution or financial institution has delivered to the...
The credit institution or financial institution has delivered any information...
The credit institution or financial institution has complied with any...
The information within section 790ZF(2) of the Act is not...
In this Schedule— (a) “processor” means any person who provides...
In this Schedule, “ data protection obligations ”, in relation...
The credit reference agency— (a) is carrying on in the...
The credit reference agency has delivered to the registrar a...
The credit reference agency has delivered to the registrar a...
The credit reference agency has delivered to the registrar a...
The 2009 Regulations are amended as follows.
In regulation 1(2) (citation, commencement and interpretation), insert the following...
(1) Regulation 5 (application under section 243 by an individual)...
For regulations 6 and 7 substitute— Application under section 243...
(1) Regulation 8 (matters relating to a section 243 application)...
(1) Regulation 9 (application under section 1088 to make an...
(1) Regulation 14 (appeals) is amended as follows.
In Schedule 1 (Specified Public Authorities)— (a) after “the Treasury;” insert...
In paragraph 4 of Part 1 of Schedule 2 (Conditions...
Enforcement and responsible bodies
The regulators that administer or enforce this legislation.
Registration and regulation of UK companies. Maintains the public register of companies, enforces filing requirements for annual accounts and confirmation statements. Gateway …
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