# The Limited Liability Partnerships (Application of Company Law) (No. 2) Regulations 2024, Note: Explanatory note


(This note is not part of the Regulations)
The Limited Liability Partnerships Act 2000 (c. 12), provides for the creation of limited liability partnerships (“LLPs”) and for the making of regulations concerning them.
These Regulations amend provisions of the Limited Liability Partnerships (Application of Companies Act 2006) Regulations 2009 (S.I. 2009/1804) (“2009 Regulations”) which apply to LLPs provisions of the Companies Act 2006 (c. 46) (“the 2006 Act”).
Regulation 4 makes minor amendments to the application of section 159A(2) of the 2006 Act by regulation 17ZC of the 2009 Regulations (disqualified member).
Regulations 5 to 7 amend Part 13 of the 2009 Regulations by giving the registrar a power to strike off LLP registered on false basis.
Regulation 8 amends regulation 73 of the 2009 Regulations and applies section 1132A of the 2006 Act so as to allow the registrar to impose financial penalties on LLPs and their members in default for certain offences.
A full Impact Assessment has not been prepared for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen.

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Source: https://www.legislation.gov.uk/uksi/2024/1078/note (the official version)
Page: https://openlegislation.uk/limited-liability-partnerships-application-of-company-law-no-2-regulations-2024/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.