The Limited Liability Partnerships (Amendment) Regulations 2009

EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations correct an error in the Limited Liability Partnerships (Application of Companies Act 2006) Regulations 2009 (S.I. 2009/1804). Those Regulations (together with the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 (S.I. 2008/1911)) revoke most of the provisions in the Limited Liability Partnerships Regulations 2001 (S.I. 2001/1090) which applied provisions of the Companies Act 1985 (c.6) (“the 1985 Act”) to limited liability partnerships (LLPs). However, certain provisions in Parts 14 (investigations) and 18 (Scottish floating charges) of the 1985 Act remain in force and should continue to be applied to LLPs. These Regulations effect the continued application of the provisions of Part 18 of the 1985 Act to LLPs.

The Impact Assessment prepared for the Limited Liability Partnerships (Application of Companies Act 2006) Regulations 2009 was based on those regulations as if these amending Regulations had effect. It is available from the Department for Business, Innovation and Skills, Corporate Law and Governance Directorate, 1 Victoria Street, London SW1H 0ET. It is also available electronically at http://www.bis.gov.uk/bbf/llp/page39897.html. Copies have also been placed in the libraries of both Houses of Parliament. No separate Impact Assessment has therefore been prepared for these Regulations.