Important New Public Disclosure Requirements for Major Shareholders of English Private Companies

14 May 2015
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Key takeaways

  • English private companies will be required to identify anyone who has ultimate beneficial ownership of 25% or more of the company, or who otherwise exercises “significant control”.
  • Details of persons identified as beneficial owners (including name, address and date of birth) will be placed on a public register.
  • Further guidance on the meaning of “significant control” is expected in October and these requirements will come into force in early 2016.