After you have selected a Person of Significant Control (PSC), you will asked to detail the nature of their control.
A shareholder will automatically be a PSC if they hold more than 25% (i.e. 26%+) shares in the company. In this instance, they should follow the guidance below:
Ownership of shares – select percentage of shares held.
Voting rights – select percentage of voting rights held (same as above).
Appoint and remove directors
- Select Yes, if you hold more than 50% of the votes
- Select No, if you do not hold more than 50% of the votes
Other Significant influences or control - select No.
If you are selecting someone as a PSC on the basis that they have other substantial influence in the company, but they are not a shareholder (25% of shares or less), please only select 'yes' to the following:
Other Significant influences or control - yes
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