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PSC Registers: AIM companies must comply

Overview

The UK's implementation of the 4th Money Laundering Directive has extended the scope of the PSC regime to include UK companies whose shares are admitted to trading on AIM.


The PSC regime, introduced in the UK last year, previously included an exemption for those companies required to comply with Chapter 5 of the FCA's Disclosure and Transparency Rules. The UK's implementation of the 4th Money Laundering Directive has swept away the exemption, with the result that AIM companies, and UK companies listed on other secondary exchanges, are now required to identify and record their persons with significant control in the same way as private or unlisted public companies.