Last year Companies House replaced the annual return with the new annual confirmation statement which required limited companies to declare People with Significant Control (PSC) information. Where changes had occurred during the year, these could be updated on the confirmation statement.
However from 26 June 2017, new anti-money laundering measures mean any changes to PSC’s will need to be reported as they happen. A company has 14 days to update their register and another 14 days to submit forms PSC01 or PSC09 to Companies House.
This is a significant change and directors/shareholders need to be aware of their responsibilities. If their accountant handles their company secretarial duties then they need to inform them promptly.