Finance Act 2021

Partnerships

10 (1) A reference in this Schedule to an individual or company applying for an authorisation includes a reference to that individual or company applying, in their capacity as a partner in a partnership, for an authorisation of the partnership.

(2) In relation to an application for an authorisation of the kind mentioned in sub-paragraph (1)—

(a) the reference to the applicant in paragraph 2(3) (meaning of “first- time” application) is to the partnership;

(b) any other reference in this Schedule to the applicant is to the individual or company who makes the application.

(3) In this paragraph—

(a) “partnership” includes a limited liability partnership that is carrying on a business with a view to profit, and

(b) “partner” includes a member of such a body.