Consultation outcome

Company ownership and control: discussion paper on a public central register

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

This consultation has concluded

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

Summary

A discussion paper on the guidance and secondary legislation needed for the register of people with significant control over a company.

This consultation ran from
to

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

Documents

Published 28 October 2014