Limited Liability Partnerships (No. 2) Regulations 2002

JurisdictionUK Non-devolved
CitationSI 2002/913

2002 No. 913

PARTNERSHIP

The Limited Liability Partnerships (No. 2) Regulations 2002

Made 31th March 2002

Coming into force 2nd April 2002

The Secretary of State, in exercise of the powers conferred on her by sections 15 to 17 of the Limited Liability Partnerships Act 20001and all other powers enabling her in that behalf hereby makes the following Regulations, of which a draft has been laid before Parliament in accordance with section 17 of that Act and approved by a resolution of each House of Parliament:

S-1 Citation and commencement

Citation and commencement

1.—(1) These Regulations may be cited as the Limited Liability Partnerships (No. 2) Regulations 2002.

(2) These Regulations shall come into force on 2nd April 2002.

S-2 Interpretation

Interpretation

2.—(1) In these Regulations—

the 1985 Act” means the Companies Act 19852;

“the principal Act” means the Limited Liability Partnerships Act 2000; and

“the principal Regulations” means the Limited Liability Partnerships Regulations 20013.

(2) In these Regulations, unless the contrary intention appears, expressions which are also used in the principal Act or the principal Regulations shall have the same meanings as in that Act or in those Regulations.

S-3 Application of Sections 723B - 723F of the 1985 Act to limited liability partnerships

Application of Sections 723B - 723F of the 1985 Act to limited liability partnerships

3. Sections 723B - 723F of the 1985 Act4shall apply to limited liability partnerships with the modifications set out in the Schedule.

Melanie J. Johnson,

Parliamentary Under Secretary of State for Competition, Consumers and Markets,

Department of Trade and Industry

31st March 2002

SCHEDULE

Regulation 3

MODIFICATIONS TO PROVISIONS OF SECTIONS 723B - 723F of the 1985 Act in their application to limited liability partnerships

Provision of Part VII

Modification

Section 723B (confidentiality orders)

In subsection (2)(a), for “a director, secretary or permanent representative of a relevant company” substitute “a member or designated member of a relevant limited liability partnership”.

In subsection (5), for “company” substitute “limited liability partnership” and for “a director, secretary or permanent representative” substitute “a member or a designated member”.

Section 723C (effect of confidentiality orders)

For subsection (1)(b), substitute “section 364 shall have effect in relation to each affected limited liability partnership of which the...

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