Commentary on Sections Schedule 3: Register of people with significant control
386.This Schedule defines what is meant by a ‘person with significant control’ (PSC) (section 790C and paragraph 2 of Schedule 3, inserting new Schedule 1A to CA 2006) and sets out a company’s requirements to obtain required information on such people and hold it in a register kept available for public inspection (the “PSC register”). The Schedule also sets out the obligations that apply to people with significant control and certain legal entities.
387.The requirement for companies to provide information in the PSC register to the registrar in the context of their confirmation statement is set out in section 92, which substitutes a new Part 24 into CA 2006 (‘Duty to deliver confirmation statement instead of annual return’). The registrar will make this information public, with limited exceptions as set out in paragraph 8 of Schedule 3 and Section 96.