The BIS has published draft statutory guidance on the meaning of significant influence or control in the context of companies for the purpose of determining whether a person is a person with significant control (PSC). The draft guidance notes that if a person has control of a company or of the activities of a trust or firm, they have the power to direct its policies and activities and that significant influence enables the person exercising the significant influence to ensure that the company or trust adopts those policies or activities which are desired by the holder of the significant influence. The draft guidance also sets out specific safe harbours that will not in the normal course constitute significant influence or control and the circumstances in which the safe harbour may not apply. The Fourth Money Laundering Directive (MLD4) requires Member States to hold central registers on company beneficial ownership information from June 2017. Comments on the draft guidance are invited by 11 January 2016.