Consequential amendments

7.—(1) Schedule 1 to the Limited Liability Partnerships Regulations (Northern Ireland) 2004 (1) 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,”.”.

(1)

S.R. 2004 No. 307, as amended by regulation 17 of S.R. 2006 No. 137 and regulation 2 of, and Schedule 1 to, S.R. 2006 No. 377