{
  "url": "https://openlegislation.uk/draft-limited-liability-partnerships-application-and-modification-of-company-law-regulations-2025/note",
  "json_url": "https://openlegislation.uk/draft-limited-liability-partnerships-application-and-modification-of-company-law-regulations-2025/note.json",
  "legislation": "ukdsi/2025/9780348273380",
  "legislation_title": "The Limited Liability Partnerships (Application and Modification of Company Law) Regulations 2025",
  "legislation_url": "https://openlegislation.uk/draft-limited-liability-partnerships-application-and-modification-of-company-law-regulations-2025",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations apply company law provisions concerning identity verification, prohibitions on the appointment of disqualified directors, and the removal of the requirement to keep certain “local” registers of information relating to directors and persons with significant control (“PSC”), as reformed by the Economic Crime and Corporate Transparency Act 2023 (c. 56) (“the 2023 Act”), to limited liability partnerships (“LLPs”).\nMost of the provisions in these Regulations come into force when section 167M of the Companies Act 2006 (c. 46) (“the 2006 Act”) comes into force. Certain provisions relating to PSCs come into force immediately after section 790LA of the 2006 Act comes into force. Provisions relating to the delivery of a statement that a member or PSC of a limited liability partnership is not disqualified under the director disqualification legislation will come into force only when section 167G of the 2006 Act comes fully into force.\nRegulations 13 to 16 of these Regulations contain transitional and saving provisions relating to the abolition of local register provisions being applied to LLPs. In regulations 13 and 14, where an LLP was required to make a note in its register of members or PSC register under one of the provisions in column 1 of the relevant table, it will instead be required to give a notice to the registrar of the change under the corresponding provision in column 2, and will have 14 days from the day that section 43 of the 2023 Act comes into force to do so. Regulation 15 saves provisions requiring notification of changes to an LLP’s PSCs. Regulation 16 makes transitional provision in relation to delivery of identity verification statements of existing members of LLPs.\nA full impact assessment has not been prepared for this instrument because the measures within this instrument were assessed within the impact assessment produced for the Registrar (Identity Verification and Authorised Corporate Service Providers) Regulations 2025 (S.I. 2025/50) and the 2023 Act, copies of which are published on legislation.gov.uk. A hard copy may be obtained from the Department for Business and Trade, Old Admiralty Building, London SW1A 2DY.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2025/9780348273380/note",
    "retrieved_at": "2026-10-30T14:38:54.051813+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}