Economic Crime and Corporate Transparency Act 2023
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Change 1
153 Registration of qualifying Scottish partnerships
(1) The Secretary of State may by regulations— (a) make provision requiring the delivery to the registrar of information in connection with a qualifying Scottish partnership; (b) make provision for the purpose of ensuring that a partner of a qualifying Scottish partnership has at least one managing officer who is an individual whose identity is verified (within the meaning of section 1110A of the Companies Act 2006); (c) make provision in relation to qualifying Scottish partnerships that corresponds or is similar to any provision relating to companies or limited partnerships made by or under, or capable of being made under, any Act. (2) The regulations may create summary offences, punishable with a fine, in connection with any provision made by virtue of subsection (1)(a) or (b). (3) Do not read subsection (2) as impliedly limiting the provision that can be made by virtue of subsection (1)(c). (4) The provision that may be made by virtue of subsection (1)(c) includes provision for the purpose mentioned in subsection (1)(b). (5) The provision which may be made by regulations under subsection (1) by virtue of section 217(1)(a) includes provision amending, repealing or revoking provision made by or under any Act, whenever passed or made. (6) In this section— “managing officer” has the meaning given by section 3(1) of the Limited Partnerships Act 1907; “qualifying Scottish partnership” means a partnership, other than a limited partnership, that— is constituted under the law of Scotland, and is a qualifying partnership with the meaning given by regulation 3 of the Partnership (Accounts) Regulations 2008; “the registrar” means registrar of companies for Scotland.
153 Registration of qualifying Scottish partnerships
(1) The Secretary of State may by regulations— (a) make provision requiring the delivery to the registrar of information in connection with a qualifying Scottish partnership; (b) make provision for the purpose of ensuring that a partner of a qualifying Scottish partnership has at least one managing officer who is an individual whose identity is verified (within the meaning of section 1110A of the Companies Act 2006); (c) make provision in relation to qualifying Scottish partnerships that corresponds or is similar to any provision relating to companies or limited partnerships made by or under, or capable of being made under, any Act. (2) The regulations may create summary offences, punishable with a fine, in connection with any provision made by virtue of subsection (1)(a) or (b). (3) Do not read subsection (2) as impliedly limiting the provision that can be made by virtue of subsection (1)(c). (4) The provision that may be made by virtue of subsection (1)(c) includes provision for the purpose mentioned in subsection (1)(b). (5) The provision which may be made by regulations under subsection (1) by virtue of section 217(1)(a) includes provision amending, repealing or revoking provision made by or under any Act, whenever passed or made. (6) In this section— “managing officer” has the meaning given by section 3(1) of the Limited Partnerships Act 1907; “qualifying Scottish partnership” means a partnership, other than a limited partnership, that— is constituted under the law of Scotland, and is a qualifying partnership with the meaning given by regulation 3 of the Partnership (Accounts) Regulations 2008; “the registrar” means registrar of companies for Scotland.
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