How PSCs Verify Their Identity and Provide a Personal Code

What does a PSC need to do to verify their identity?

A PSC needs to complete two steps to comply. Both steps are required:

1. Verify their identity for Companies House.
2. Provide their Companies House personal code so the verified identity can be matched to the PSC record.

How does a PSC verify their identity?

A PSC who does not yet have a Companies House personal code must complete identity verification through Companies House. A PSC who already has a personal code from a previous verification does not need to verify again.

How does a PSC provide their personal code?

A PSC can provide their Companies House personal code online using the Provide identity verification details for a PSC service. They will also be asked to tick a statement confirming that they have verified their identity.

This must be done even if the PSC has already completed identity verification for another role at the same company or at another company.

What happens if a PSC does not comply on time?

If a PSC does not comply on time, they may face prosecution and a court fine, or a financial penalty issued by Companies House. A note may also be added against their name on the company’s public record in the Companies House register. It is important to act within the deadline to avoid these consequences.

Can a PSC get more time?

A PSC can request a 14-day extension using the Provide identity verification details for a PSC service. The request must be made within their 14-day period.

Why is PSC identity verification required?

PSC identity verification is a legal requirement under the Economic Crime and Corporate Transparency Act 2023. It applies to company directors and PSCs, and is designed to help prevent companies from being used for illegal purposes.