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People with Significant Control

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This is an old revision of this page, as edited by Jake Brockman (talk | contribs) at 08:54, 9 August 2017 (Jake Brockman moved page Person of Significant Control to People with Significant Control: the legal term is people with significant control). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

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.

  1. ^ "PSC requirements for companies and limited liability partnerships - GOV.UK". www.gov.uk. Retrieved 2017-08-09.
  2. ^ "PSC requirements for companies and limited liability partnerships - GOV.UK". www.gov.uk. Retrieved 2017-08-09.