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(This note is not part of the Regulations)
These Regulations temporarily extend the period within which certain filing requirements must be met by companies and other bodies.
Regulation 4 to 20 modify various provisions of the Companies Act 2006 (c. 46) to extend the period during which certain filing obligations must be met by companies.
Regulation 22 to 36 modify the Scottish Partnerships (Register of People with Significant Control) Regulations 2017 (S.I. 2017/694) to extend the period during which certain filing obligations must be met by Scottish partnerships.
Regulation 37 to 41 modify the Limited Partnerships Act 1907 (c. 24), the Companies Act 1985 (c. 6), the Limited Liability Partnerships Act 2000 (c. 12), the European Public Limited-Liability Company Regulations 2004 (S.I. 2004/2326) and the Overseas Companies Regulations 2009 (S.I. 2009/1801) to extend the period during which certain filing obligations must be met by companies, limited partnerships, limited liability partnerships, European public limited-liability companies, overseas companies and unregistered companies.
Regulation 41(4) provides that regulation 41 expires at the end of the day on 5th April 2021 subject to the saving provision provided for in that regulation. The other modifications made by these regulations will also expire at the end of the day on 5th April 2021 by virtue of section 39(8) of the Corporate Insolvency and Governance Act 2020 (c.12) (subject to the saving provision in section 39(9)).
A full Impact Assessment has not been prepared for this instrument due to the need to act with urgency and the temporary nature of the measures. The Department published an assessment of the likely scope and impacts of the temporary measures which can be found in Annex B of the Explanatory Notes to the Corporate Insolvency and Governance Act 2020 (c.12).
The Explanatory Memorandum has been published alongside this instrument at www.legislation.gov.uk.
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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.
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