- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made).
27. Section 468 applies to LLPs, modified so that it reads as follows—
468.—(1) The Secretary of State may make provision by regulations about—
(a)the accounts that LLPs are required to prepare;
(b)the categories of LLPs required to prepare accounts of any description;
(c)the form and content of the accounts that LLPs are required to prepare;
(d)the obligations of LLPs and others as regards—
(i)the approval of accounts,
(ii)the sending of accounts to members and others,
(iii)the delivery of copies of accounts to the registrar, and
(iv)the publication of accounts.
(2) The regulations may amend this Part by adding, altering or repealing provisions.
(3) But they must not amend (other than consequentially)—
(a)section 393 (accounts to give true and fair view), or
(b)the provisions of Chapter 11 (revision of defective accounts and reports).
(4) The regulations may create criminal offences in cases corresponding to those in which an offence is created by an existing provision of this Part.
The maximum penalty for any such offence may not be greater than is provided in relation to an offence under the existing provision.
(5) The regulations may provide for civil penalties in circumstances corresponding to those within section 453(1) (civil penalty for failure to file accounts and reports).
The provisions of section 453(3) and (4) apply in relation to any such penalty.”
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: