Regulation 2 Amendments to the 2006 Act

The 2006 Act is amended as follows.

In section 384^f1 (companies excluded from the small companies regime)—

Section 448 (unlimited companies exempt from obligation to file accounts and reports) is amended as follows.

In paragraph (b) of subsection (3)^f2—

In the words after that paragraph, for “or a Scottish partnership” substitute “, a Scottish partnership which is not a limited partnership or a Scottish partnership which is a limited partnership”.

For subsection (5) substitute—

“(5)

In this section—

• “general partner” means—

  1. (a)

     in relation to a Scottish partnership which is a limited partnership, a person who is a general partner within the meaning of the Limited Partnerships Act 1907^f3; and

  2. (b)

     in relation to an undertaking incorporated in or formed under the law of any country or territory outside the United Kingdom and which is comparable to a Scottish partnership which is a limited partnership, a person comparable to such a general partner;

• “limited partnership” means a partnership registered under the Limited Partnerships Act 1907; and

the “relevant accounting reference period”, in relation to a financial year, means the accounting reference period by reference to which that financial year was determined.”

In section 467 (companies excluded from being treated as medium-sized)—

In section 474 (minor definitions for the purposes of Part 15), in the definition of “e-money issuer”, for “means” substitute—

• “means—

  1. (a)

     an electronic money institution, within the meaning of the Electronic Money Regulations 2011 (S.I. 2011/99), or”.

  2. (b)

In section 539 (minor definitions for the purposes of Part 16), in the definition of “e-money issuer”, for “means” substitute—

• “means—

  1. (a)

     an electronic money institution, within the meaning of the Electronic Money Regulations 2011 (S.I. 2011/99), or”.

  2. (b)