Your company and people with significant control
Wednesday 23rd March 2016
The new Small Business, Enterprise and Employment Act (the Act) has introduced a number of changes to the law relating to companies. This legislation aims to ensure that members of the public can establish who ultimately owns and/or controls a company.
The most significant change introduced by the Act is the requirement for all UK companies (with some exceptions) to maintain a register of people or entities with significant control (PSC).
This requirement comes into force on 6 April 2016 which means that, to comply, companies need to take reasonable steps now to determine who is a PSC.
Click here to view the summary outlining your company’s obligations.
If you would like to discuss these changes in further detail, please contact Stephanie Houghton, on 0113 227 0309 or at email@example.com