Consequential amendments7

1

Schedule 1 to the Limited Liability Partnerships Regulations (Northern Ireland) 2004 12 is amended as follows.

2

For the entry relating to Article 255A substitute—

paragraph (1B)

Omit sub-paragraphs (a) and (c), and the words “an authorised insurance company, a banking company,” in sub-paragraph (b).

paragraph (1C)

Omit sub-paragraphs (a) and (c).

In sub-paragraph (b), after “it” insert “is a person (other than a banking limited liability partnership) who”.

3

In the entries relating to Article 257AA—

a

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

b

for the entry relating to paragraph (3) substitute—

paragraph (3)

For paragraph (3) substitute the following—

3

Paragraph (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 Article 257B(1)(b) substitute the words “in sub-paragraph (b), omit the words “an authorised insurance company, a banking company,”.”.