Register for People with Significant Control

Formal Register for People with Control. Needed?

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Where we have single director or husband and wife companies, do you keep a formal regsiter of  People with Significant Control with the following info:

  • Full Name
  • Date of birth
  • Service address
  • Residential address (not on the public register)
  • Country of residence
  • Nationality
  • Date the person became registrable (date they gained ‘control)
  • Nature of their control

We have this information in our system, but we do not have something formal that can be called a register. We have the information in our accounts and tax software. 

Is what we have suffice?

Replies (4)

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By Marion Hayes
14th Sep 2016 12:55

The Company has to keep the register with its corporate records. Or it has to nominate Companies House to keep the register for it.
As far as I am aware there are no exemptions

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By SJRUK
14th Sep 2016 15:07

Yes - we've set up a simple spreadsheet for each client and filed it in their company file.
I took the opportunity of charging most of my clients for this service a small nominal fee.

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By Michael Beaver
14th Sep 2016 16:07

It is a now a statutory register, so has to be kept alongside the shareholders register, directors register, etc. It has to be able to be produced from one source and presented to the person asking to see it. You can't assume it can be derived from information held in other sources.

With single director or husband/wife companies the register is very easy to put together, and in any case you will be required to confirm in the new annual confirmation statement.

If you are responsible for keeping the registers, then yes you should put a register together for each of the clients you act for.

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Jennifer Adams
By Jennifer Adams
15th Sep 2016 15:50

The details are to be found here in this article - written in checklist format.
https://www.accountingweb.co.uk/business/finance-strategy/psc-register-i...
As Michael says - it must be kept.
In the article look particularly at the section headed:'Specific points' - "The register must never be blank" and "specific wording of text that must be entered on the PSC register after all required steps have been undertaken to ascertain status".

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