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PSC Nature of control

The nature of control for an individual PSC is where the individual meets one or more of the following conditions:

At least one of the conditions must be provided

  1. An individual who holds more than 25% of shares in the company
  2. An individual who holds more than 25% of voting rights in the company
  3. An individual who holds the right to appoint or remove the majority of the board of directors of the company
  4. An individual who has the right to exercise, or actually exercises, significant influence or control over the company.
  5. Where a trust or firm would satisfy one of the first four conditions if it were an individual. Any individual holding the right to exercise, or actually exercising, significant influence or control over the activities of that trust or firm.

The company may also be owned or controlled by

a relevant (RLE) legal entity, such as a company or a limited liability partnership (LLP),

or legal person such as a corporate sole, government department, international organisation or local authority (e.g. the Archbishop of Canterbury or The City of Cardiff Council)

The nature of control is where the RLE or legal person meets one or more of the following conditions:

At least one of the conditions must be provided

  1. Directly or indirectly holding more than 25% of shares
  2. Directly or indirectly holding more than 25% of voting
  3. Directly or indirectly holding the right to appoint or remove the majority of the board of directors of the company
  4. Otherwise having the right to exercise, or actually exercises, significant influence or control
  5. Where a trust or firm would satisfy one of the first four conditions if it were an individual. Any individual holding the right to exercise, or actually exercising, significant influence or control over the activities of that trust or firm.

    6. Further information is available from PSC Guidance for companies, LLPs and SEs

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