Companies House has published updated draft guidance on people with significant control (PSCs). The guidance awaits approval by both Houses of Parliament. The existing guidance remains in force until approved.
- If, after 40 days, neither House has resolved that the guidance should not be approved then it will be issued and published.
- The guidance relates to the meaning of ‘significant influence or control’ over Companies in the context of the Register of People with Significant Control.
- The guidance clarifies the terminology in relation to significant influence or control, and provides examples of rights to exercise significant influence or control over a Company.