PSC and Rights issue: Difference between pages

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imported>Doug Williamson
(Add second definition.)
 
imported>Doug Williamson
(Classify page.)
 
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1. ''Anti money laundering.''
A process of issuing new equity shares where they are offered first to existing shareholders in proportion to their existing shareholding.  


A PSC is a Person with Significant Control over a company or a limited liability partnership (LLP).
Existing shareholders have, under law in the UK, pre-emption rights.


The concept is designed to detect and deter money laundering.
This means that they generally have first refusal on the purchase of any new equity shares.
 
In the UK and other jurisdictions companies and LLPs are required to identify any relevant PSCs and disclose them on the public record.
 
 
2.
 
Personal service company.




== See also ==
== See also ==
* [[Anti money laundering]]
* [[Bonus issue]]
* [[Company]]
* [[Dividend irrelevancy theory]]
* [[IR35]]
* [[Headroom]]
* [[Know-your-customer]]
* [[Initial public offering]]
* [[Limited liability partnership]]
* [[Nil paid]]
* [[Money laundering]]
* [[Option premium]]
*[[Placing]]
* [[Pre-emption rights]]
* [[Theoretical ex-rights price]]
* [[Trombone]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Financial_products_and_markets]]

Revision as of 06:53, 23 August 2019

A process of issuing new equity shares where they are offered first to existing shareholders in proportion to their existing shareholding.

Existing shareholders have, under law in the UK, pre-emption rights.

This means that they generally have first refusal on the purchase of any new equity shares.


See also