PART 3Amendments to the Small Limited Liability Partnerships (Accounts) Regulations 2008

Amendments to Schedule 5 (general interpretation)I145

In Schedule 5 (general interpretation)—

a

for paragraph 2(1) (definitions of financial instruments) substitute—

1

The expressions listed in sub-paragraph (2) have the same meaning as they have in Directive 2013/34/EU of 26 June 2013 on the annual financial statements etc. of certain types of undertakings43.

b

in paragraph 8(5) (participating interests)—

i

before “Part 1 of Schedule 1” insert “Section B of”; and

ii

omit “and Part 1 of Schedule 3”; and

c

in paragraph 12(3) (staff costs), for “the LLP’s profit and loss account” substitute “the profit and loss account Format 2 in Section B of Part 1 of Schedule 1”.