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[Blaka]

The Persons with Significant Control (PSC) Register, required by the Companies Act 2006 in the UK, is a key part of corporate transparency. It's a public record available through Companies House, showing who has significant influence or control in a company.

For each person or entity with control, the register needs detailed info like their name, service address, date of birth (for individuals), residential address (not public), nationality, and the nature of their control. This includes specifics like voting rights, ability to hire or fire directors, or owning a lot of shares.

The PSC Register is there to strengthen how companies are run, discourage bad behavior, and build trust with stakeholders. Keeping an accurate and updated register is not just a legal duty but also a big step toward a more clear and responsible business environment.

 

[IB DD]

If a PSC of a company is another company, there register has to include the countrr of incorporation of the PSC company alongside its country of incorporation. There also has to b express information on how the PSC company relates with the company it controls that gives it the extent of control it has over the subject company.

 

[Wisdom01]

I think PSCs are required to update their details on the register if there are any changes to their information or level of control over the company. The PSC Register is publicly accessible and can be viewed by any member of the public, so it is important for companies to ensure that their information is up to date