On 30 June 2016, changes will be made to companies' record keeping and filing requirements which are aimed at reducing the regulatory burden. These include:
- giving private companies the option to keep their statutory registers at Companies House (rather than having to maintain their own registers); and
- replacing the annual return with a new confirmation statement.
Following the introduction of the requirement for companies to maintain a PSC register from 6 April 2016, companies will have to provide information on their PSCs in the new confirmation statement.
The attached bulletin highlights the key changes.