Compliance registers: ISC, PSC, and debt obligations

By February, the platform had a complete cap table and a structured minute book. What it didn't have were the compliance registers that statutes specifically require: the ISC register for Canadian corporations, the PSC register for UK companies, and the debt obligations register that CBCA s. 50 mandates. February fixed that, plus several adjacent items that move the platform from "comprehensive" to "audit-ready."

ISC register for Canadian corporations

Canada's CBCA s. 21.1 has required most federally incorporated entities to maintain a register of Individuals with Significant Control since 2019. Most provincial corporations have parallel requirements. The legal obligation is well known, but in practice, the ISC register is one of the most frequently mishandled corporate records. Many corporations don't keep one at all; others keep a Word document that nobody updates.

The ISC register that shipped February 2 captures the structured data: each individual's name, address, jurisdiction, nature of control (direct or indirect ownership, voting agreements, board appointment rights), percentage thresholds where applicable, and the effective dates of each. The register is queryable, exportable, and tied into the diligence package. Counsel running diligence at a financing get exactly what they need.

PSC register for UK companies

February 4 shipped the UK equivalent: the People with Significant Control register required by the Companies Act 2006. The UK regime is similar to Canada's but with different thresholds (significant influence test, 25% / 50% / 75% ownership tiers) and different nature-of-control categories. The Octelligence PSC register captures all of that and aligns with the structure Companies House expects in PSC04, PSC05, PSC06, and PSC07 filings.

For founders running cross-border entities (a UK parent with a Canadian subsidiary, for example), having both ISC and PSC registers in one platform avoids the usual pattern of maintaining them separately and forgetting to keep them in sync.

Debt obligations register

February 7 added the debt obligations register, required under CBCA s. 50 for federal Canadian corporations and equivalent provisions in several provinces. Promissory notes, term loans, lines of credit, convertibles that aren't tracked as equity instruments. Each entry captures principal, interest rate, maturity, security interests, and any priority arrangements.

The register is also useful operationally, not just for compliance. Founders running through a sale or a refinancing need to produce a complete debt schedule on demand. Having that data structured and queryable beats reconstructing it from a folder of PDFs.

Cap table scenarios

Cap table scenarios (February 11) let founders and counsel model new share issuances and authorized-count changes without committing to anything. Build a scenario, save it, share it with counsel for review, and only execute when everyone agrees. The scenarios live alongside the real cap table and can be promoted to a real round when ready.

At this point the scenarios cover what the cap table currently supports: share-class issuances and authorization changes. Modeling for SAFEs, options, and warrants follows once those instruments land in March and April.

Conversions and operational improvements

February 17 added the ability to convert between share classes (common to preferred or back), preserving the chain of title and superseding the previous certificates. Useful during a financing or a clean-up exercise.

Two operational improvements rounded out the month: activity log filters (February 21) by actor, action type, and date range; and bulk CSV imports up to 10,000 rows (February 28), with server-side streaming so large historical imports don't lock up the browser.

By the numbers

• 3 new compliance registers (ISC, PSC, debt obligations)
• 8 changelog entries in February 2026
• 4x increase in bulk CSV import limit (from 2,500 to 10,000 rows)

For the line-by-line view of every change shipped in February, see the changelog.