Company ownership and control: discussion paper on a public central register
Detail of outcome
We’ve responded to the discussion paper on the register of people with significant control (‘PSC register’) through a written ministerial statement. This sets out our intentions following analysis of the responses received.
The statement outlines how we plan to proceed with the following policies:
- create a working group of business, professional advisor and civil society representatives to oversee the development of the PSC register guidance
- adopt a simple, business-friendly approach to recording nature of control on the PSC register
- allow people at serious risk of violence or intimidation as a result of the company and its activities to apply to have their information suppressed on the public register
We’ve also published:
Detail of feedback received
We received 43 responses from:
- small and large businesses
- non government organisations
- academic experts
- government
- enforcement agencies
- individuals
Original consultation
Consultation description
This discussion paper seeks views on:
- how we can support companies and others to understand the new people with significant control (PSC) register requirements
- how to record the way that a person’s control over a company is described on the register
- the way we ensure that PSCs’ personal data is adequately protected