Companies House has confirmed the new requirements under the MLRs for firms to report PSC discrepancies to Companies House. Firms need to tell Companies House about any material differences between beneficial ownership information a client holds and the details on the Companies House PSC register. The guidance notes that the definition of beneficial owner is not the same as the definition of a PSC, and that the reporting requirement is based on the PSC . It also notes that reporting a discrepancy is not a substitute for making a SAR, which should still be made where appropriate, and includes a link to the reporting arrangements.
Companies House confirms BO reporting requirements
Scales of Justice ( Lady of Justice) of the Central Criminal Court fondly known as The Old Bailey in the city of London, England, UK