Paragraph 4

Schedules 1, 3 and 4 to the PSC Regulations apply to LLPs, and Schedule 2 to the PSC Regulations applies to LLPs modified so that it reads as follows—

“SCHEDULE 2

PARTICULARS REQUIRED AS TO NATURE OF CONTROL

Regulation 7

PART 1

First Condition

1.

A statement that the person holds or is treated as holding, directly or indirectly, the right to share in more than 25% but not more than 50% of any surplus assets of the LLP on a winding up.

2.

A statement that the person holds, directly or indirectly, the right to share in more than 50% but less than 75% of any surplus assets of the LLP on a winding up.

3.

A statement that the person holds, directly or indirectly, the right to share in 75% or more of any surplus assets of the LLP on a winding up.

PART 2

Second Condition

4.

A statement that the person holds, directly or indirectly, more than 25% but not more than 50% of the LLP voting rights in the LLP.

5.

A statement that the person holds, directly or indirectly, more than 50% but less than 75% of the LLP voting rights in the LLP.

6.

A statement that the person holds, directly or indirectly, 75% or more of the LLP voting rights in the LLP.

PART 3

Third Condition

7.

A statement that the person holds the right, directly or indirectly, to appoint or remove a majority of the persons who are entitled to take part in the management of the LLP.

PART 4

Fourth Condition

8.

A statement that the person has the right to exercise, or actually exercises, significant influence or control over the LLP.

PART 5

Fifth Condition and Trusts

9.

A statement that—

(a)

the person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust; and

(b)

the trustees of that trust (in their capacity as such) hold or are treated as holding, directly or indirectly, the right to share in more than 25% but not more than 50% of any surplus assets on a winding up of the LLP.

10.

A statement that—

(a)

the person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust; and

(b)

the trustees of that trust (in their capacity as such) hold, directly or indirectly, the right to share in more than 50% but less than 75% of any surplus assets on a winding up of the LLP.

11.

A statement that—

(a)

the person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust; and

(b)

the trustees of that trust (in their capacity as such) hold, directly or indirectly, the right to share in more than 75% of any surplus assets on a winding up of the LLP.

12.

A statement that—

(a)

the person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust; and

(b)

the trustees of that trust (in their capacity as such) hold, directly or indirectly, more than 25% but not more than 50% of the voting rights in the LLP.

13.

A statement that—

(a)

the person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust; and

(b)

the trustees of that trust (in their capacity as such) hold, directly or indirectly, more than 50% but less than 75% of the voting rights in the LLP.

14.

A statement that—

(a)

the person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust; and

(b)

the trustees of that trust (in their capacity as such) hold, directly or indirectly, 75% or more of the voting rights in the LLP.

15.

A statement that—

(a)

the person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust; and

(b)

the trustees of that trust (in their capacity as such) hold the right, directly or indirectly, to appoint or remove a majority of the members who are entitled to take part in the management of the LLP.

16.

A statement that—

(a)

the person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust; and

(b)

the trustees of that trust (in their capacity as such) have the right to exercise, or actually exercise, significant influence or control over the LLP.

PART 6

Fifth Condition and Firms

17.

A statement that—

(a)

the person has the right to exercise, or actually exercises, significant influence or control over the activities of a firm that, under the law by which it is governed, is not a legal person; and

(b)

the members of that firm (in their capacity as such) hold or are treated as holding, directly or indirectly, the right to share in more than 25% but not more than 50% of any surplus assets of the LLP on a winding up.

18.

A statement that—

(a)

the person has the right to exercise, or actually exercises, significant influence or control over the activities of a firm that, under the law by which it is governed, is not a legal person; and

(b)

the members of that firm (in their capacity as such) hold, directly or indirectly, the right to share in more than 50% but less than 75% of any surplus assets of the LLP on a winding up.

19.

A statement that—

(a)

the person has the right to exercise, or actually exercises, significant influence or control over the activities of a firm that, under the law by which it is governed, is not a legal person; and

(b)

the members of that firm (in their capacity as such) hold, directly or indirectly, the right to share in 75% or more of any surplus assets of the LLP on a winding up.

20.

A statement that—

(a)

the person has the right to exercise, or actually exercises, significant influence or control over the activities of a firm that, under the law by which it is governed, is not a legal person; and

(b)

the members of that firm (in their capacity as such) hold, directly or indirectly, more than 25% but not more than 50% of the voting rights in the LLP.

21.

A statement that—

(a)

the person has the right to exercise, or actually exercises, significant influence or control over the activities of a firm that, under the law by which it is governed, is not a legal person; and

(b)

the members of that firm (in their capacity as such) hold, directly or indirectly, more than 50% but less than 75% of the voting rights in the LLP.

22.

A statement that—

(a)

the person has the right to exercise, or actually exercises, significant influence or control over the activities of a firm that, under the law by which it is governed, is not a legal person; and

(b)

the members of that firm (in their capacity as such) hold, directly or indirectly, 75% or more of the voting rights in the LLP.

23.

A statement that—

(a)

the person has the right to exercise, or actually exercises, significant influence or control over the activities of a firm that, under the law by which it is governed, is not a legal person; and

(b)

the members of that firm (in their capacity as such) hold the right, directly or indirectly, to appoint or remove a majority of the members who are entitled to take part in the management of the LLP.

24.

A statement that—

(a)

the person has the right to exercise, or actually exercises, significant influence or control over the activities of a firm that, under the law by which it is governed, is not a legal person; and

(b)

the members of that firm (in their capacity as such) have the right to exercise, or actually exercise, significant influence or control over the LLP.”.