Guidelines have just been published on new rules that will require UK-incorporated companies and limited liability partnerships to maintain a register of persons having significant control over them, known as a “PSC register.” The new rules, which follow commitments made at the G20 to increase transparency of companies, will come into force in April 2016. They will be a compliance headache for UK corporates, but could also be an issue for overseas investors who are used to keeping their involvement confidential.
Click here to read a briefing on the issue.
