UK:
PSC Register: Guidance On The Meaning Of Significant Influence Or Control
05 August 2016
Shearman & Sterling LLP
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On 13 May 2016, BIS published statutory guidance on the meaning
of significant influence or control with respect to companies'
PSC registers, along with updated statutory guidance on the meaning
of the phrase with respect to LLPs' PSC registers.
The guidance for both companies and LLPs is in substantially the
same form as the draft that was published on 27 January 2016, and
no significant changes have been made.
The guidance concerning companies' PSC registers can be
accessed here:
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/523120/PSC_statutory_guidance_companies.pdf
The guidance concerning LLPs' PSC registers can be accessed
here:
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/523122/Draft_statutory_guidance_LLPs.pdf
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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