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| Nath Solicitors |
Nath Solicitors is a specialist boutique law
firm offering businesses a one stop shop for all their legal needs.
We
have a team of commercial and corporate lawyer in eastdulwich are
experienced in these matters and can guide you in case of requirement.
The
current PSC regime requires information about beneficial owners’ to be
disclosed for corporate and other legal entities.
The
Fourth Money Laundering Directive (EU) 2015/ 849) (“MLD4”) which takes effect
from 26thJune 2017 will take this further with two key
changes as follows:
1.
At present, changes to the PSC are
notified on the annual confirmation statement via changes made to the PSC
register.
The effect of this means that the information
which is open to the public may be outdated by up to a year. Under the MLD4 the
PSC register will have to be updated whenever a change occurs in the company; companies will
have 14 days to update their register and file the relevant forms at Companies
House within another 14 days. The effect will be that the PSC will remain
updated at all time and not only once a year through a confirmation statement.
2.
The MLD4 also has a wider a scope of
application meaning that the PSC regime will need to include more entities.
Companies House is working towards the original timetable,
although matters could be delayed due to the parliamentary elections.
Companies would be wise to familiarise themselves with the changes
that will be coming and their prescribed time limits. If you need
solicitors to help you with your company records and filings we offer a fixed
price legal services.
The above is intended as general legal guidance.
Contact
Details:
Nath Solicitors Limited
59 Alleyn Road, Dulwich,
London,SE21 8AD
London,SE21 8AD
Tel: +44(0) 203 670 5540
Mob: +44
(0) 7545 813 894
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