What is a PSC Register?

A PSC (People with Significant Control) register is an internal document which must be held by all UK Limited companies. It must be kept up-to-date and stored within your company records. It was primarily introduced in 2016 to aid transparency in UK companies and combat issues such as money laundering. With the help of the Register, the UK Government can see who really owns / runs a company. It has been introduced as part of the Small Business, Enterprise and Employment Act 2015. All existing and newly registered businesses must comply to this. 

It should hold basic information of the PSCs of the company such as names, addresses and reason as to why they are considered to be a PSC (hold more than a % of shares, voting rights, ability to remove and appoint directors etc.)