As noted in the Corporate & Financial Weekly Digest edition of February 5, the UK Government on January 25 published two regulations in relation to new requirements for UK-incorporated companies and UK-formed limited liability partnerships (LLPs) to keep a register of people with significant control (PSC Register).
The House of Lords and House of Commons have now agreed to the text of those regulations. The regulations are set to go into effect on April 6 and will require all UK-incorporated companies and UK-formed LLPs to keep a PSC Register and to file that information with Companies House beginning June 30.
A copy of the official report as published in the House of Commons’ Parliamentary Debates can be found here.
A copy of the House of Lords’ Daily Hansard can be found here.