Scottish partnerships and the PSC regime

The Scottish Partnerships (Register of People with Significant Control) Regulations 2017 (the “Scottish Regulations 2017”) introduce a regime for certain Scottish partnerships similar to that which applies to UK companies and LLPs, with some modifications, requiring “eligible” Scottish partnerships to disclose information relating to people with significant control (“PSC”) over them.

This briefing highlights some of the main requirements of the PSC regime as it applies to Scottish partnerships.