{
  "url": "https://openlegislation.uk/draft-limited-liability-partnerships-register-of-people-with-significant-control-regulations-2016/schedule-2/paragraph-4",
  "json_url": "https://openlegislation.uk/draft-limited-liability-partnerships-register-of-people-with-significant-control-regulations-2016/schedule-2/paragraph-4.json",
  "legislation": "ukdsi/2016/9780111143025",
  "legislation_title": "The Limited Liability Partnerships (Register of People with Significant Control) Regulations 2016",
  "legislation_url": "https://openlegislation.uk/draft-limited-liability-partnerships-register-of-people-with-significant-control-regulations-2016",
  "path": "schedule/2/paragraph/4",
  "kind": "paragraph",
  "number": "4",
  "heading": null,
  "text": "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—\n“SCHEDULE 2\nPARTICULARS REQUIRED AS TO NATURE OF CONTROL\nRegulation 7\nPART 1\nFirst Condition\n1. 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.\n2. 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.\n3. 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.\nPART 2\nSecond Condition\n4. 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.\n5. A statement that the person holds, directly or indirectly, more than 50% but less than 75% of the LLP voting rights in the LLP.\n6. A statement that the person holds, directly or indirectly, 75% or more of the LLP voting rights in the LLP.\nPART 3\nThird Condition\n7. 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.\nPART 4\nFourth Condition\n8. A statement that the person has the right to exercise, or actually exercises, significant influence or control over the LLP.\nPART 5\nFifth Condition and Trusts\n9. A statement that—\n(a) the person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust; and\n(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.\n10. A statement that—\n(a) the person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust; and\n(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.\n11. A statement that—\n(a) the person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust; and\n(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.\n12. A statement that—\n(a) the person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust; and\n(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.\n13. A statement that—\n(a) the person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust; and\n(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.\n14. A statement that—\n(a) the person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust; and\n(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.\n15. A statement that—\n(a) the person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust; and\n(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.\n16. A statement that—\n(a) the person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust; and\n(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.\nPART 6\nFifth Condition and Firms\n17. A statement that—\n(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\n(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.\n18. A statement that—\n(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\n(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.\n19. A statement that—\n(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\n(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.\n20. A statement that—\n(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\n(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.\n21. A statement that—\n(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\n(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.\n22. A statement that—\n(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\n(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.\n23. A statement that—\n(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\n(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.\n24. A statement that—\n(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\n(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.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2016/9780111143025/schedule/2/paragraph/4",
    "retrieved_at": "2026-10-30T15:08:40.099983+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."
}