# The Limited Liability Partnerships (Register of People with Significant Control) Regulations 2016, 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.”.

---
Source: https://www.legislation.gov.uk/ukdsi/2016/9780111143025/schedule/2/paragraph/4 (the official version)
Page: https://openlegislation.uk/draft-limited-liability-partnerships-register-of-people-with-significant-control-regulations-2016/schedule-2/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.