The term was introduced on 6 April 2016 as part of the Small Business, Enterprise and Employment Act 2015.
[2] Under UK law it is a legal obligation to register the names, date of birth, home and work addresses, manner of control and other details of PSC with the government via Companies House.
Existing companies deliver this information annually to the public register when making a Confirmation Statement.
[6] As of January 2023[update], Esso UK Ltd. is listed as having one person with significant control, its American-registered owner, Exxon Mobil Corporation.
[7] Tesco plc is "exempt from keeping a PSC register as it has voting shares admitted to trading on a UK regulated market", reflecting a change in legal requirements effective from 18 June 2018.