A PSC register will be required by:

• Private companies limited by shares
• Private companies limited by guarantee
• Most public limited companies
• Limited liability partnerships (LLPs)
• Unlimited companies
• Societates Europaeae (SEs)

Note: Companies formed before the effective date of 6 April 2016 are affected, as are all new companies. Even if your company remains dormant, you will still need to maintain a Register of People with Significant Control.

The requirement to maintain a PSC register does not apply to:

• Sole traders
• Limited partnerships (LPs)
• Charitable Incorporated Organisations (CIOs)
• Companies that are subject to Chapter 5 of the Financial Conduct Authority’s Disclosure and Transparency Rules
• Companies with voting shares admitted to trading on a regulated market in the UK
• Companies with voting shares admitted to trading in another European Economic Area state
• Companies with voting shares admitted to trading on certain specified markets in Switzerland, the USA, Japan and Israel
• Overseas entities operating but not registered as a company in the UK