ARTICLE
18 March 2026

Company Law – Updated Statutory Guidance On The PSC Regime

KL
Herbert Smith Freehills Kramer LLP

Contributor

Herbert Smith Freehills Kramer is a world-leading global law firm, where our ambition is to help you achieve your goals. Exceptional client service and the pursuit of excellence are at our core. We invest in and care about our client relationships, which is why so many are longstanding. We enjoy breaking new ground, as we have for over 170 years. As a fully integrated transatlantic and transpacific firm, we are where you need us to be. Our footprint is extensive and committed across the world’s largest markets, key financial centres and major growth hubs. At our best tackling complexity and navigating change, we work alongside you on demanding litigation, exacting regulatory work and complex public and private market transactions. We are recognised as leading in these areas. We are immersed in the sectors and challenges that impact you. We are recognised as standing apart in energy, infrastructure and resources. And we’re focused on areas of growth that affect every business across the world.
The government has published updated statutory guidance on the meaning of "significant influence or control" over companies in the context of the regime for people with significant control (PSCs).
United Kingdom Corporate/Commercial Law
This article from Herbert Smith Freehills Kramer LLP is most popular:
  • within Corporate/Commercial Law topic(s)
  • with Senior Company Executives, HR and Finance and Tax Executives
  • in United States
  • with readers working within the Accounting & Consultancy, Business & Consumer Services and Property industries
John Taylor’s articles from Herbert Smith Freehills Kramer LLP are most popular:
  • within Corporate/Commercial Law topic(s)
  • with Senior Company Executives, HR and Finance and Tax Executives
  • in United States
  • with readers working within the Accounting & Consultancy, Property and Securities & Investment industries

The government has published updated statutory guidance on the meaning of "significant influence or control" over companies in the context of the regime for people with significant control (PSCs).

The updated guidance was laid in Parliament in draft in January this year, following changes to the PSC regime in particular as a result of amendments introduced by the Economic Crime and Corporate Transparency Act 2023 (see our blog post here). The guidance has now been adopted as the formal statutory guidance, replacing the version published in June 2017.

For more details on the PSC regime, see our Corporate Governance Fundamentals: A guide to the PSC regime for UK legal entities.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

[View Source]

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More