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The Register of People with Significant Control Regulations 2016
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- UK Statutory Instruments
- 2016 No. 339
- PART 3
- Regulation 8
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The Register of People with Significant Control Regulations 2016, Section 8 is up to date with all changes known to be in force on or before 10 August 2026. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Regulation 8:
- Sch. 4 para. 6(c)(vi) and word inserted by S.I. 2025/1331 reg. 17(b)
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Whole provisions yet to be inserted into this Instrument (including any effects on those provisions):
- Sch. 4 para. 6(c)(vi) and word inserted by S.I. 2025/1331 reg. 17(b)
Characteristics of a foreign limited partnerU.K.
This section has no associated Explanatory Memorandum
8.—(1) The characteristics prescribed for the purposes of paragraph 25(5)(b) of Schedule 1A to the Act are that the individual—
(a)participates in a foreign limited partnership as a limited liability participant; or
(b)directly or indirectly, holds shares or a right in or in relation to a legal entity which participates in a foreign limited partnership as a limited liability participant.
(2) In this regulation—
(a)a “foreign limited partnership” is an arrangement which—
(i)is established under the law of a country or territory outside the United Kingdom;
(ii)consists of at least one person who has unlimited liability for the debts and obligations of the arrangement; and
(iii)consists of at least one person who has no, or limited, liability for the debts and obligations of the arrangement for so long as that person does not take part in the management of the arrangement's business; and
(b)a “limited liability participant” is a person who—
(i)has no, or limited, liability for the debts and obligations of the foreign limited partnership for so long as that person does not take part in the management of the foreign limited partnership's business; and
(ii)does not take part in the management of the foreign limited partnership's business.
Modifications etc. (not altering text)
C1Regs. 7-47 applied (with modifications) (E.W.S.) (6.4.2016) by The Limited Liability Partnerships (Register of People with Significant Control) Regulations 2016 (S.I. 2016/340), regs. 1(3), 4, Sch. 2 para. 3 (as amended: (26.6.2017) by S.I. 2017/693, regs. 2, 30 (with Sch. Pt. 2); (27.1.2025) by S.I. 2024/1377, regs. 1(2), 11(3); (21.7.2025) by S.I. 2025/874, reg. 9(5); and (18.11.2025) by S.I. 2025/1033, regs. 1(3)(d), 11(3) (with regs. 12-16); S.I. 2025/1118, reg. 2(1)(i))
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