Wednesday 12 December 2018

UK: Government confirms reforms to the law on limited partnerships

In April this year the Government published a consultation paper setting out proposed reforms to the law governing limited partnerships: see here (pdf). Earlier this week the Government published its response and confirmed that it would, when Parliamentary time permits, introduce legislation to bring about its proposals: see here (pdf). The proposals include requiring all limited partnerships to produce a confirmation statement at least every 12 months; expanding the information required on the registration of a limited partnership; and requiring those making a new registration to provide evidence of registration with an anti-money laundering supervisory body.

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