25D.—(1) The Secretary of State or the Department may by regulations amend this Order for the purpose of applying, or modifying the application of, any of its provisions in relation to relevant entities.
(2) For that purpose, the regulations may in particular—
(a)extend the company disqualification conditions to include corresponding conditions relating to a relevant entity;
(b)limit the company disqualification conditions to remove conditions relating to a relevant entity;
(c)modify which company disqualification conditions can, in combination with each other, result in a person being disqualified under this Order;
(d)provide for any of the company disqualification conditions to result in or contribute to a person being disqualified from acting in a role or doing something in relation to a relevant entity.
(3) The Secretary of State must obtain the consent of the Department before making regulations under this Article.
(4) In this Article “the company disqualification conditions” means the conditions that can result in or contribute to a person being disqualified under this Order from acting in a role or doing something in relation to any entity.
(5) In this Article a “relevant entity” means—
(a)a limited partnership registered under the Limited Partnerships Act 1907;
(b)a limited liability partnership registered under the Limited Liability Partnerships Act 2000;
(c)a partnership, other than a limited partnership, that is—
(i)constituted under the law of Scotland, and
(ii)a qualifying partnership within the meaning given by regulation 3 of the Partnerships (Accounts) Regulations 2008.
(6) Regulations under this Article may make consequential, supplementary, incidental, transitional or saving provision.
(7) The provision which may be made by regulations made by the Secretary of State by virtue of paragraph (6) includes provision amending provision made by or under either of the following, whenever passed or made—
(a)an Act;
(b)Northern Ireland legislation.
(8) The provision which may be made by regulations made by the Department by virtue of paragraph (6) includes provision amending provision made by or under Northern Ireland legislation, whenever passed or made.
(9) Regulations made by the Secretary of State under this Article are to be made by statutory instrument.
(10) A statutory instrument containing regulations made by the Secretary of State under this Article may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.
(11) Regulations made by the Department under this Article are subject to negative resolution.]
F1Art. 25D inserted (26.10.2023 for specified purposes, 4.3.2024 in so far as not already in force) by Economic Crime and Corporate Transparency Act 2023 (c. 56), ss. 155(3), 219(1)(2)(b); S.I. 2024/269, reg. 2(z46)