UK Dept for Business and Trade issues draft guidance clarifying how to identify individuals with significant influence or control for Companies House’s PSC register, strengthening corporate transparency

The guidance interprets the statutory criteria in Schedule 1A of the Companies Act 2006 to help companies determine whether an individual or entity exercises significant influence or control — beyond just holding shares or voting rights — and therefore qualifies as a Person with Significant Control. It supports transparency by explaining how rights, powers or actual influence over decisions and company governance trigger PSC reporting and registration obligations with Companies House…