Economic Crime and Corporate Transparency Act 2023

Application of other lawsU.K.

149Application of company lawU.K.

After section 7 of the Limited Partnerships Act 1907 insert—

7AApplication of company law

(1)The Secretary of State may by regulations—

(a)make provision in relation to limited partnerships that corresponds or is similar to any provision relating to companies or other corporations made by or under, or capable of being made under, any Act;

(b)provide for any such provision which would otherwise have effect in relation to limited partnerships not to apply to them or to apply to them with such modifications as appear appropriate.

(2)Regulations under subsection (1) may amend or repeal provision made by this Act, the Partnership Act 1890 or the Companies Act 2006.

(3)The provision which may be made by regulations under subsection (1) by virtue of section 38(1) includes provision amending, repealing or revoking provision made by or under any Act, whenever passed or made.

(4)Regulations under subsection (1) are subject to the negative resolution procedure if they only make provision that corresponds or is similar to provision made or capable of being made by regulations subject to the negative resolution procedure.

(5)Any other regulations under subsection (1) are subject to the affirmative resolution procedure.

Commencement Information

I1S. 149 in force at Royal Assent for specified purposes, see s. 219(1)(2)(b)

150Application of Partnership Act 1890 (meaning of firm)U.K.

In section 4 of the Partnership Act 1890 (meaning of firm), after subsection (2) insert—

(3)In relation to a limited partnership registered under the Limited Partnerships Act 1907, subsection (2) applies only if the limited partnership was registered by the registrar for Scotland.

Commencement Information

I2S. 150 in force at Royal Assent for specified purposes, see s. 219(1)(2)(b)