The European Grouping of Territorial Cooperation and Limited Liability Partnerships etc. (Revocations and Amendments) (EU Exit) Regulations 2021

Cited as:SI 2021/153
Jurisdiction:UK Non-devolved

2021No. 153

EXITING THE EUROPEAN UNION

LIMITED LIABILITY PARTNERSHIPS

COMPANIES

The European Grouping of Territorial Cooperation and Limited Liability Partnerships etc. (Revocations and Amendments) (EU Exit) Regulations 2021

Sift requirements satisfied29thJanuary2021

Made11thFebruary2021

Laid before Parliament15thFebruary2021

Coming into force8thMarch2021

The Secretary of State makes the following Regulations in exercise of the powers conferred by sections 15(a) and 17 of the Limited Liability Partnerships Act 2000( 1) and sections 8(1) and 23 of, and paragraph 21 of Schedule 7 to, the European Union (Withdrawal) Act 2018( 2) (“the 2018 Act”).

The requirements of paragraph 3(2) of Schedule 7 to the 2018 Act (relating to the appropriate Parliamentary procedure for these Regulations) have been satisfied.

PART 1

Introductory

Citation, commencement and application

1.—(1) These Regulations may be cited as the European Grouping of Territorial Cooperation and Limited Liability Partnerships etc. (Revocations and Amendments) (EU Exit) Regulations 2021 and come into force 21 days after the day on which these Regulations are laid.

(2) Regulations 4 to 18 have effect for financial years beginning on or after 6th April 2021.

PART 2

Revocations

Revocations

2.—(1) The instruments listed in Table 1 of the Schedule are revoked to the extent shown in that Table.

(2) The instruments listed in Table 2 of the Schedule are revoked, subject to paragraph (3).

(3) The instruments listed in Table 2 of the Schedule are subject to regulation 20(2) of the International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019( 3) as if they were instruments listed in Schedule 2 of those Regulations.

PART 3

Amendments

Interpretation

3. In this Part, “the 2006 Act” means the Companies Act 2006( 4).

Amendments to the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008

4. The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008( 5) are amended in accordance with this Part.

5. In Part 6, in the heading, for “accounts, auditor's report and energy and carbon report”, substitute “accounts and reports”.

6.—(1) Regulation 13 is amended as follows.

(2) In the heading of regulation 13, for “accounts, auditor's report and energy and carbon report”, substitute “annual accounts and reports”.

(3) In the modified version of section 423 of the 2006 Act—

(a) in the heading, for “annual accounts and auditor's report and energy and carbon report” substitute “annual accounts and reports”;

(b) in the opening words of subsection (1), for “annual accounts and auditor's report and energy and carbon report (if any)” substitute “annual accounts and reports”;

(c) in the closing words of subsection (1)—

(i) after the first and second instances of “accounts”, insert “, the strategic report (if any)”;

(ii) after “those accounts” insert “and that strategic report”.

7.—(1) Regulation 14 is amended as follows.

(2) In the heading of regulation 14, for “accounts, auditor's report and energy and carbon report” substitute “accounts and reports”.

(3) In the modified version of section 425 of the 2006 Act, in the heading, for “accounts, auditor's report and energy and carbon report” substitute “accounts and reports”.

8.—(1) Regulation 15 is amended as follows.

(2) In the heading of regulation 15, for “accounts, auditor's report and energy and carbon report” substitute “accounts and reports”.

(3) In the modified version of section 431 of the 2006 Act—

(a) in the heading, for “accounts, auditor's report and energy and carbon report” substitute “accounts and reports”;

(b) in subsection (1), after paragraph (a), insert—

“(aa) the last strategic report (if any),”;

(c) in subsection (1)(b), after “accounts” insert “(including the statement (where applicable) on that strategic report)”.

9.—(1) Regulation 16 is amended as follows.

(2) In the heading of regulation 16, for “accounts, auditor's report and energy and carbon report” substitute “accounts and reports”.

(3) In the modified version of section 433 of the 2006 Act—

(a) in the heading, for “accounts and energy and carbon report” substitute “accounts and reports”;

(b) in subsection (1), after “balance sheet” insert “, strategic report”.

(4) In the modified version of section 436 of the 2006 Act—

(a) in the heading, for “accounts, auditor's report and energy and carbon report” substitute “accounts and reports”;

(b) in subsection (1) for “accounts and energy and carbon report” substitute “accounts and reports”.

10. In Part 7, in the heading, for “accounts, auditor's report and energy and carbon report” substitute “accounts and reports”.

11.—(1) Regulation 17 is amended as follows.

(2) In the modified version of section 441 of the 2006 Act—

(a) before subsection (1) insert the heading “Duty to file accounts and reports with the registrar”;

(b) in subsection (1) for “accounts and auditor's report and energy and carbon report” substitute “accounts, auditor's report, strategic report and energy and carbon report”.

(3) In the modified version of section 442 of the 2006 Act, after “auditor's report” insert “, strategic report”.

(4) In the modified version of section 443 of the 2006 Act, after “auditor's report” insert “, strategic report”.

12. In regulation 19, in the modified version of section 446 of the 2006 Act, after subsection (2A) insert—

“(2B) The designated members must also deliver to the registrar a copy of the strategic report for each financial year of the LLP if the members of the LLP are under a duty to prepare a strategic report by virtue of section 414A.”.

13.—(1) Regulation 22 is amended as follows.

(2) In the heading of regulation 22, for “accounts, auditor's report and...

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