We previously blogged about the forthcoming changes to the PSC regime. The government published the relevant legislation late on Friday, and the changes take effect from today!
So, what do you need to do, and when do you need to do it?
Companies
What: companies traded on AIM and NEX exchange must create and maintain a PSC register.
When: by 24 July 2017.
What: updating the PSC register following a change in circumstance.
When: within 14 days of the company having confirmed information.
What: filing changes to the PSC register at Companies House using form PSC01-09.
When: within 14 days of the change being made to the PSC register.
What: filing any changes to the PSC register since the company’s last confirmation statement.
When: within 14 days of 26 June 2017.
LLPs
LLPs take note – equivalent provisions to the above have been implemented and will apply to you.