8.—(1) The 2006 Act as it applies to LLPs by virtue of the 2008 Regulations is amended as follows.
(2) For subsection (1)(b) of section 456 of the 2006 Act (application to court in respect of defective accounts) as it applies to LLPs by virtue of regulation 23 of the 2008 Regulations, substitute “ the Conduct Committee ”.
(3) In sections 458 (disclosure of information by tax authorities), 459 (power to require documents etc), 460 (restrictions on disclosure of information etc) and 461 (permitted disclosure of information etc) of the 2006 Act as these sections apply to LLPs by virtue of regulation 24 of the 2008 Regulations, for “the Financial Reporting Review Panel” wherever these words occur, substitute “ the Conduct Committee ”.
(4) In section 474 of the 2006 Act (minor definitions) as it applies to LLPs by virtue of regulation 32 of the 2008 Regulations—
(a)insert the following definition after the definition of “ banking LLP ”
““Conduct Committee” means the body of that name established under the Articles of Association of the Financial Reporting Council Limited;”; and
(b)delete the definition of “Financial Reporting Review Panel”.
(5) For subsection (2)(b) of section 524 of the 2006 Act (information to be given to accounting authorities) as it applies to LLPs by virtue of regulation 46 of the 2008 Regulations, substitute “ the Conduct Committee ”.