{"id":69322,"date":"2016-04-06T08:35:00","date_gmt":"2016-04-06T08:35:00","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=fd670051638c32d61a47f1c35f476121"},"modified":"2017-07-10T10:01:32","modified_gmt":"2017-07-10T10:01:32","slug":"news-story-keeping-your-people-with-significant-control-psc-register","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=69322","title":{"rendered":"News story: Keeping your people with significant control (PSC) register"},"content":{"rendered":"<p><em>Updated:<\/em> YouTube video updated<\/p>\n<div class=\"govspeak\">\n<p>The next measure of the <a href=\"https:\/\/www.gov.uk\/government\/news\/the-small-business-enterprise-and-employment-bill-is-coming\">Small Business Enterprise and Employment Act<\/a> comes into force on 6 April 2016.<\/p>\n<p>You now need to start keeping a register of your people with significant control (PSC).<\/p>\n<p>A PSC is someone in your company who:<\/p>\n<ul>\n<li>owns more than 25% of the company\u2019s shares<\/li>\n<li>holds more than 25% of the company\u2019s voting rights<\/li>\n<li>holds the right to appoint or remove the majority of directors<\/li>\n<li>has the right to, or actually exercises significant influence or control<\/li>\n<li>holds the right to exercise or actually exercises significant control over a trust or company that meets any of the other 4 conditions.<\/li>\n<\/ul>\n<p>You\u2019ll need to keep your PSC as part of your company register, as these need to be available for inspection.<\/p>\n<p>From 30 June, you\u2019ll start submitting this information when you file your confirmation statements, or when companies, LLPs and SEs are incorporated.<\/p>\n<h3 id=\"how-to-identify-people-with-significant-control\">How to identify people with significant control<\/h3>\n<p><a rel=\"external\" href=\"https:\/\/youtu.be\/DYuYWiZTuN4\">Watch our animation on PSCs<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>From 6 April 2016 companies, LLPs and SEs need to keep a register of their &#8216;people with significant control&#8217;.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/69322"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69322"}],"version-history":[{"count":1,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/69322\/revisions"}],"predecessor-version":[{"id":82389,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/69322\/revisions\/82389"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}