Economic Crime and Corporate Transparency Act 2023
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
As published
124 New general partners: transitional provision about officers
(1) This section applies in relation to a general partner that—
(a) is a legal entity, and
(b) became a general partner before section 122 came fully into force,
other than a legal entity that became a general partner in a limited partnership on its registration.
(2) The general partner must, within the transitional period, deliver to the registrar—
(a) a statement of the kind mentioned in section 8R(4) of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8R(7) of that Act (both inserted by section 122 of this Act), and
(b) either a statement—
(i) that the general partner does not have any corporate managing officers, or
(ii) if the general partner has one or more corporate managing officers, a statement of the kind mentioned in section 8R(5)(b) of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8R(8) of that Act (both inserted by section 122 of this Act).
(3) The general partner is not required by the provisions mentioned in subsection (4) to give notice to the registrar if a legal entity becomes a corporate managing officer of the general partner before whichever is earlier of—
(a) the end of the transitional period, and
(b) the delivery of the statement mentioned in subsection (2)(b).
(4) The provisions are—
(a) section 8N(1) of the Limited Partnerships Act 1907 (inserted by section 119 of this Act), and
(b) so far as it relates to section 8N(1) of the Limited Partnerships Act 1907, section 10D(2)(a) of that Act (inserted by section 126 of this Act).
(5) In this section—
“the registrar” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);
“transitional period” means the period of 6 months beginning when section 122 came fully into force.
Your change, as a redline
124 New general partners: transitional provision about officers
(1) This section applies in relation to a general partner that—
(a) is a legal entity, and
(b) became a general partner before section 122 came fully into force,
other than a legal entity that became a general partner in a limited partnership on its registration.
(2) The general partner must, within the transitional period, deliver to the registrar—
(a) a statement of the kind mentioned in section 8R(4) of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8R(7) of that Act (both inserted by section 122 of this Act), and
(b) either a statement—
(i) that the general partner does not have any corporate managing officers, or
(ii) if the general partner has one or more corporate managing officers, a statement of the kind mentioned in section 8R(5)(b) of the Limited Partnerships Act 1907 containing the information, and accompanied by the statement, mentioned in section 8R(8) of that Act (both inserted by section 122 of this Act).
(3) The general partner is not required by the provisions mentioned in subsection (4) to give notice to the registrar if a legal entity becomes a corporate managing officer of the general partner before whichever is earlier of—
(a) the end of the transitional period, and
(b) the delivery of the statement mentioned in subsection (2)(b).
(4) The provisions are—
(a) section 8N(1) of the Limited Partnerships Act 1907 (inserted by section 119 of this Act), and
(b) so far as it relates to section 8N(1) of the Limited Partnerships Act 1907, section 10D(2)(a) of that Act (inserted by section 126 of this Act).
(5) In this section—
“the registrar” has the same meaning as in the Limited Partnerships Act 1907 (see section 15 of that Act);
“transitional period” means the period of 6 months beginning when section 122 came fully into force.
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.