PART 3Amendments in relation to LLPs

Amendment of regulation 31BI124

1

Regulation 31B (key terms) is amended as follows.

2

In paragraph (3), in the modification of section 790C(7) of the Companies Act

a

for paragraph (b), substitute “it has voting shares admitted to trading on a regulated market which is situated in an EEA State”, and

b

in paragraph (c) omit sub-paragraph (i).

3

In paragraph (6)—

a

in the inserted section 790C(12A), for “(6) and (8)”, substitute “(6A) and (10)”,

b

in the inserted section 790C(12C) omit “(or, in relation to a legal entity which is not a company or an undertaking, interests equivalent to shares)”, and

c

after the inserted section 790C(12D) insert—

12E

“Regulated market” has the same meaning as in section 1173 of the Companies Act 2006.