Trust or Company Service Providers (TCSPs)

Upstreamly is authorised to provide TCSP work and is listed on the HMRC TCSP Register. TCSP work is defined by Regulation 12 (2) of the MLR17 as:

(a) forming companies or other legal persons;

(b) acting, or arranging for another person to act:
i.  as a director or secretary of a company;
ii.  as a partner of a partnership; or
iii.  in a similar capacity in relation to other legal persons;

(c) providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or legal arrangement;

(d)  acting, or arranging for another person to act, as:
i.  a trustee of an express trust or similar legal arrangement; or
ii.  a nominee shareholder for a person other than a company whose securities are listed on a regulated market.

Do reach out to us on accounts@upstreamly.com if you require any of the services above. We use our prestigious office address in the City of London for providing a registered office, business address, correspondence or administrative address.

Under Regulation 54 of MLR17, HMRC must maintain a register of all relevant persons who are TCSPs that are not already registered with FCA.  Firms that are not on the register are not permitted, under the MLR17, to provide TCSP work.

In order to maintain the register, HMRC has requested the ICAEW ICAEW_CharteredAccountants_MONO_BLK (along with the other professional body supervisors) notifies them of all the firms they supervise that perform TCSP work (including firms where the TCSP work is incidental to the accountancy services.).

 

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