I confess that for years I translated "titular real" which crops up constantly in Spanish deeds as "beneficial owner" until I was very reliably informed that the correct term was as I have indicated above..

A person of significant control is someone that holds more than 25% of shares or voting rights in a company, has the right to appoint or remove the majority of the board of directors or otherwise exercises significant influence or control.Jun 30, 2016

'People with Significant Control' Companies House register ...https://www.gov.uk › ... › Corporate governance
Persons with Significant Control – what are they and how do you create a PSC register?
Limited Company
Since 6th April 2016, nearly all UK companies have been required to maintain a register of Persons with Significant Control (also known as a “PSC register”).

The PSC register obligations were introduced as part of the Small Business Enterprise and Employment Act 2015. The government’s intention was to enhance corporate transparency where complicated ownership structures can sometimes make it difficult to tell who owns and controls companies.

However, even small limited companies with very simple structures are required to maintain a PSC register. And, from 30th June 2016, companies need to file this information with Companies House as part of the new Confirmation Statement (which replaces the Annual Return from this date).

This guide explains to small business owners what a Person with Significant Control is, how to produce a PSC register and what companies need to do to stay on the right side of the law.

Which companies need to maintain a Persons with Significant Control register?
All UK limited companies, limited liability partnerships (LLPs), community interest companies (CICs), public limited companies and unlimited companies must all create and maintain a PSC register.

Both new and existing companies are required to maintain a PSC register. Whether a company is dormant or active it must still maintain it.

Sole traders, ordinary partnerships, limited partnerships (LPs) and Charitable incorporated organisations (CIOs) are NOT required to maintain a PSC register.

Who is defined as a Person with Significant Control (PSC)?
For most small businesses the 3 most likely criteria that would make an individual a Person with Significant Control are as follows:

Any individual who owns more than 25% of the company’s shares
Any individual who holds more than 25% of the company’s voting rights
Any individual who has the power to appoint or remove a majority of the company’s Understanding the confirmation statement and PSC registerhttps://www.qualitycompanyformations.co.uk › blog
Jan 27, 2017 — Everything you need to know about filing an annual Confirmation Statement and maintaining a Register of People with Significant Control for ...

Persons with significant control and how to identify themhttps://www.wrighthassall.co.uk › knowledge-base › pe...
May 17, 2018 — File a Confirmation Statement with Companies House every year, to confirm that the information recorded is correct. Although this article refers