Limited Partnerships Act 1907

[F1 8K Duty to maintain registered officer and named contacts U.K.

(1) A general partner that is a legal entity must at all times ensure that its registered officer is an individual—

(a) who is one of its managing officers,

(b) who is not disqualified under the directors disqualification legislation (see subsection (2)), and

(c) whose identity is verified (within the meaning of section 1110A of the Companies Act 2006).

(2) The registered officer of a general partner in a limited partnership is “disqualified under the directors disqualification legislation” if—

(a) where the limited partnership is registered in England and Wales or Scotland, the registered officer falls within any of the entries in the first column of Part 1 of the table in section 159A of the Companies Act 2006;

(b) where the limited partnership is registered in Northern Ireland, the registered officer falls within any of the entries in the first column of Part 2 of that table.

(3) A general partner that is a legal entity and that has one or more corporate managing officers must at all times ensure that the named contact for each corporate managing officer is an individual who is a managing officer of the corporate managing officer.

(4) In this section “registered officer”, in relation to a general partner that is a legal entity, means—

(a) the individual whose name is specified by the general partner in—

(i) a statement delivered to the registrar under section 8A(1C) or 8R(4), or

(ii) a statement delivered to the registrar under section 120(2)(a) or 124(2)(a) of the Economic Crime and Corporate Transparency Act 2023 (transitional cases),

unless the general partner has changed its registered officer under section 8L(1), or

(b) if the general partner has changed its registered officer under section 8L(1), the individual specified in the latest notice under that provision.

(5) In this section “named contact”, in relation to the corporate managing officer of a general partner, means—

(a) the individual whose name is specified by the general partner for that corporate managing officer in—

(i) a statement delivered to the registrar under section 8A(1D)(b), 8R(5)(b) or 8N(3), or

(ii) a statement delivered to the registrar under section 120(2)(b)(ii) or 124(2)(b)(ii) of the Economic Crime and Corporate Transparency Act 2023 (transitional cases),

unless the general partner has changed the named contact for that corporate managing officer under section 8L(2), or

(b) if the general partner has changed the named contact for that corporate managing officer under section 8L(2), the individual specified in the latest notice under that provision.

(6) If a general partner’s registered officer ceases to fall within the description mentioned in subsection (1)(a) or (b), the general partner does not fail to comply with subsection (1) by reason of that fact during the period of 14 days beginning with the day on which the registered officer so ceases.

(7) If the named contact for a general partner’s corporate managing officer ceases to be a managing officer of the corporate managing officer, the general partner does not fail to comply with subsection (3) by reason of that fact during the period of 14 days beginning with the day on which the named contact so ceases.]

Textual Amendments

F1 Ss. 8K-8Q and cross-heading inserted (26.10.2023 but only so far as it confers a power to make regulations or relates to the exercise of the power, otherwise prosp.) by Economic Crime and Corporate Transparency Act 2023 (c. 56), ss. 119(4), 219(1)(2)(b)