People with Significant Control
Appearance
Person of Significant Control see PSC is a business and corporate term used to identify key people within a company.
Under UK law it is a legal obligation to register the names, date of birth, home and work addresses, manner of control and other details of PSCs with the government via Companies House.[1]
Once the PSC's identity has been verified they will then be added to the public list available on government websites.
Qualifying as a PSC
In order to qualify as a PSC officially under UK law and government guidelines you need to meet the following criteria:[2]
- You may reside in any nation as long as you can provide official government issues photo ID and proof of address.
- You must own at least 25% of the company shares or...
- You must control at least 25% of the company's voting rights or...
- You must be directly responsible for a significant segment or activity of the company i.e. Chairman of the board, CFO, CEO, COO, Vice President etc. or...
- You must control or contribute to at least 25% of the company's finance or...
- You must have direct control and/persuasion over significant proportions of primary business activities.
PSC may be a director, board member or registered as a PSC in their own right.
- ^ "PSC requirements for companies and limited liability partnerships - GOV.UK". www.gov.uk. Retrieved 2017-08-09.
- ^ "PSC requirements for companies and limited liability partnerships - GOV.UK". www.gov.uk. Retrieved 2017-08-09.