Register of people with significant control
81Register of people with significant control
Schedule 3 amends the Companies Act 2006 to require companies to keep a register of people who have significant control over the company.
82Review of provisions about PSC registers
(1)The Secretary of State must before the end of the review period—
(a)carry out a review of Part 21A of the Companies Act 2006 (inserted by Schedule 3 to this Act) and of other provisions of the Companies Act 2006 inserted by this Act that relate to that Part, and
(b)prepare and publish a report setting out the conclusions of the review.
(2)The report must in particular—
(a)set out the objectives intended to be achieved by the provisions of the Companies Act 2006 mentioned in subsection (1)(a),
(b)assess the extent to which those objectives have been achieved, and
(c)assess whether those objectives remain appropriate and, if so, the extent to which they could be achieved in another way that imposed less regulation.
(3)The Secretary of State must lay the report before Parliament.
(4)The “review period” is the period of 3 years beginning with the day on which section 92 (duty to deliver confirmation statement instead of annual return) comes into force.