Amendment of the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 200832
1
The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 200840 are amended as follows.
2
In regulation 5 (LLPs subject to the small LLPs regime), in modified section 384 of the Companies Act41 (LLPs excluded from the small LLPs regime)—
a
in subsection (1)—
i
omit “or” at the end of paragraph (b)(i); and
ii
after paragraph (b)(ii) insert—
iii
is a scheme funder of a Master Trust scheme within the meanings given by section 39(1) of the Pension Schemes Act 2017 (interpretation of Part 1), or
b
in subsection (2)—
i
omit “or” at the end of paragraph (d);
ii
insert “or” at the end of paragraph (e); and
iii
after paragraph (e) insert—
f
a scheme funder of a Master Trust scheme within the meanings given by section 39(1) of the Pension Schemes Act 2017 (interpretation of Part 1).
3
In regulation 26 (medium-sized LLPs), in modified section 467 of the Companies Act42 (LLPs excluded from being treated as medium-sized)—
a
in subsection (1)—
i
omit “or” at the end of paragraph (b)(i); and
ii
after paragraph (b)(ii) insert—
iii
is a scheme funder of a Master Trust scheme within the meanings given by section 39(1) of the Pension Schemes Act 2017 (interpretation of Part 1),
b
in subsection (2)—
i
omit “or” at the end of paragraph (d);
ii
insert “or” at the end of paragraph (e); and
iii
after paragraph (e) insert—
f
a scheme funder of a Master Trust scheme within the meanings given by section 39(1) of the Pension Schemes Act 2017 (interpretation of Part 1).
4
In regulation 34 (exemption from audit: small LLPs), in modified section 478 of the Companies Act (LLPs excluded from small LLPs exemption), in paragraph (b)—
a
omit “or” at the end of sub-paragraph (i); and
b
after sub-paragraph (ii) insert—
iii
is a scheme funder of a Master Trust scheme within the meanings given by section 39(1) of the Pension Schemes Act 2017 (interpretation of Part 1), or
5
In regulation 34A43 (exemption from audit: qualifying subsidiaries), in modified section 479B44 of the Companies Act (LLPs excluded from the subsidiary LLPs audit exemption), in paragraph (a)—
a
omit “or” at the end of sub-paragraph (i); and
b
after sub-paragraph (ii) insert—
iii
is a scheme funder of a Master Trust scheme within the meanings given by section 39(1) of the Pension Schemes Act 2017 (interpretation of Part 1), or