PART 7Companies: Transparency
Register of people with significant control
I182Review 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.