So is the PSC update process like the following then? (It is not entirely clear to me from the forms e.g. the actual update details (PSC04, 5 or 6) e.g. Give notice of change of details for person with significant control (PSC04) - GOV.UK
…or the or the “Give notice of update” (PSC09).
Give notice of PSC statements (PSC08) - GOV.UK
- CH just retain all PSC notifications.
- If someone files an update (of an existing PSCs details) this is added to the list. The previous one(s) for that PSC will not be marked in any way e.g. with a “ceased_on” date.
- “ceased_on” would be expected when a company filed that a PSC / RLE / ORP ceased to be so.
What happens if an update is filed to alter a PSCs details (different natures of control) but also has e.g. alternations to the name? How would we know if this was an update to an entry for a previous existing PSC, or a new one? What if the update was to correct an incorrect DOB? Or for a company which had been listed with incorrect name and number initially?
From my reading of the forms it would seem that an update will clear previous natures of control rather than being “additive” - is this correct?
Example:
In the earliest PSC information for Mr. Ross Callister, his natures of control are given as:
Ownership of shares – More than 50% but less than 75%
Ownership of voting rights - 75% or more
Right to appoint and remove directors
The update changes the share ownership and voting rights:
Ownership of shares – More than 50% but less than 75%
Ownership of voting rights - More than 50% but less than 75%
Presumably this update cancels the “Right to appoint and remove directors” also.