The Land Reform (Scotland) Act 2016 (Register of Persons Holding a Controlled Interest in Land) Regulations 2021

PART 2 S Partnerships

Application S

3.  This Part applies to a person (the associate) where—

(a) the person who owns or tenants the land (the recorded person)—

(i) does so as a partner in a partnership or on its behalf, or

(ii) is a partnership, and

(b) the associate—

(i) is a general partner of the recorded person, but is not registered as owning or leasing the land,

(ii) is a general partner of another partnership which is (of itself) a partner of the recorded person,

(iii) is an individual who has significant influence or control over a relevant entity which is a partner of the recorded person,

(iv) is an individual who has the right to exercise, or who actually exercises, significant influence or control over the recorded person or a partnership in which the recorded person is a partner.

Commencement Information

I1 Sch. 1 para. 3 in force at 1.4.2022, see reg. 1

Exceptions S

4.  This Part does not apply to a person where that person’s relationship to the partnership is only that of—

(a) a paid professional advisor to the partnership (such as a solicitor or an accountant),

(b) a creditor of the partnership (such as the holder of a standard security),

(c) an administrator of the partnership in insolvency proceedings, or

(d) a member of the judiciary presiding over proceedings in connection with the partnership.

Commencement Information

I2 Sch. 1 para. 4 in force at 1.4.2022, see reg. 1

Interpretation of Part 2 S

5.  For the purposes of this Part—

(a) “relevant entity” means any body corporate or other entity (whether incorporated or not) that is a legal person under the law by which it is governed, other than a person of a type listed in schedule 2,

(b) examples of significant influence and control include, in particular, where a person—

(i) has the right to unilaterally take or veto decisions about the governance and running of a partnership,

(ii) has the right to appoint or remove any partners of a partnership without application to a court, or

(iii) is able to influence the decision-making of a partnership without holding any formal governance position within the partnership, particularly in respect of the partnership’s dealings with land,

(c) for the purposes of paragraph (3)(b)(iv), a person (A) does not exercise significant influence and control over a recorded person or the partnership if A is also a recorded person under paragraph 3(a).

Commencement Information

I3 Sch. 1 para. 5 in force at 1.4.2022, see reg. 1