(1)This section applies in relation to a limited partnership that was registered under the Limited Partnerships Act 1907 in pursuance of an application for registration delivered to the registrar before section 119(3) came fully into force.
(2)Each general partner that is a legal entity and became a general partner in the limited partnership on its registration must, within the transitional period, deliver to the registrar—
(a)a statement of the kind mentioned in section 8A(1C) of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8A(1F) of that Act (both inserted by section 119(3) of this Act), and
(b)either—
(i)a statement that the general partner does not have any corporate managing officers, or
(ii)if the general partner has one or more corporate managing officers, a statement of the kind mentioned in section 8A(1D)(b) of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8A(1G) of that Act (both inserted by section 119(3) of this Act).
(3)A general partner mentioned in subsection (2) is not required by the provisions mentioned in subsection (4) to give notice to the registrar if a legal entity becomes a corporate managing officer of the general partner before whichever is earlier of—
(a)the end of the transitional period, and
(b)the delivery of the statement mentioned in subsection (2)(b).
(4)The provisions are—
(a)section 8N(1) of the Limited Partnerships Act 1907 (inserted by section 119 of this Act), and
(b)so far as it relates to section 8N(1) of the Limited Partnerships Act 1907, section 10D(2)(a) of that Act (inserted by section 126 of this Act).
(5)In this section—
“the registrar” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);
“transitional period” means the period of 6 months beginning when section 119(3) came fully into force.
Commencement Information
I1S. 120 in force at Royal Assent for specified purposes, see s. 219(1)(2)(b)