The Companies Act 1985 (Small Companies’ Accounts and Audit) Regulations 2006

Consequential amendments

7.—(1) Schedule 1 to the Limited Liability Partnerships Regulations 2001(1) is amended as follows.

(2) For the entry relating to section 247A substitute—

	“subsection (1B)	Omit paragraphs (a) and (c), and the words “an authorised insurance company, a banking company,” in paragraph (b).
	subsection (1C)	Omit paragraphs (a) and (c). In paragraph (b), after “it” insert “is a person (other than a banking limited liability partnership) who”.”.

(3) In the entries relating to section 249AA—

(a) for the entry relating to subsection (2) substitute “In paragraph (a), omit “(1B)(a) or (1C)(a)”.”, and

(b) for the entry relating to subsection (3) substitute—

“subsection (3)

For subsection (3) substitute the following— “(3) Subsection (1) does not apply if at any time in the financial year in question the limited liability partnership was an e-money issuer, an ISD investment firm or a UCITS management company.”.”.

(4) For the entry relating to section 249B(1)(b) substitute the words “in paragraph (b), omit the words “an authorised insurance company, a banking company,”.”.

(1)

S.I. 2001/1090, as amended by S.I. 2004/355, by regulation 2 of, and Schedule 1 to, S.I. 2005/1989 and by regulation 18 of S.I. 2005/2280.