The People of Significant Control (PSC) register is changing again.
Since 26 June 2017, directors are required to update their PSC register at Companies House within 28 days of any change to keep their register ‘current’.
However, this information will no longer be included in the confirmation statement, and companies are required to keep their registers up to date using forms PSC01-09.
These changes are very important and any directors who fail to comply may face a fine or even a prison sentence of up to two years.
Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.