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The 30 June deadline for registering information in the PSC register is fast approaching.

With just a few days to go, many companies and LLPs are likely to be still gathering in the information for the PSC register.  It is important that the register contains the official wording and is updated regularly. The information is then extracted for the annual confirmation statement which is sent to Companies House.

The wording to be used in the register is:

  • No PSCs or registrable RLEs

    The company knows or has reasonable cause to believe that there is no registrable person or registrable relevant legal entity in relation to the company.

    The LLP knows or has reasonable cause to believe that there is no registrable person or registrable relevant legal entity in relation to the LLP.

  • Unidentified PSC

    The company knows or has reasonable cause to believe that there is a registrable person in relation to the company but it has not identified the registrable person.

    The LLP knows or has reasonable cause to believe that there is a registrable person in relation to the LLP but it has not identified the registrable person.

  • Unconfirmed particulars

    The company has identified a registrable person in relation to the company but all of the required particulars of that person have not been confirmed.

    The LLP has identified a registrable person in relation to the LLP but all of the required particulars of that person have not been confirmed.

  • Taking reasonable steps

    The company has not yet completed taking reasonable steps to find out if there is anyone who is a registrable person or a registrable relevant legal entity in relation to the company.

    The LLP has not yet completed taking reasonable steps to find out if there is anyone who is a registrable person or a registrable relevant legal entity in relation to the LLP.

ACCA has published a guide and links to further information.

Article from ACCA In Practice