A corporate shareholder will generally be classed as a Relevant Legal Enrtity (RLE) if it would meet any of the PSC conditions , such as owning greater than 25% of the shares and/or voting rights.
However sometimes another legal entity will meet one or more of the PSC conditions.
What are the control conditions for a PSC?
Where this is the case, they may be classed as a relevant legal entities (“RLEs”) and need to have their details recorded in the company’s PSC register.