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Regulation 37 Review period

(1)

The confirmation date of a confirmation statement must be no later than the last day of the review period to which it relates.

(2)

For the purposes of this Part, each of the following is a review period—

(a)

in relation to a Scottish limited partnership—

(i)

registered before the commencement day, the period beginning with 24th July 2017 and ending on the day before the first anniversary of its registration date occurring after the commencement day;

(ii)

registered on or after the commencement day, the period of 12 months beginning on its registration date;

(b)

in relation to a Scottish qualifying partnership, the period of 12 months beginning on its registration date;

(c)

in relation to any eligible Scottish partnership, each period of 12 months beginning with the day after the end of the previous review period.

(3)

But where an eligible Scottish partnership delivers a confirmation statement with a confirmation date which is earlier than the last day of the review period concerned, the next review period is the period of 12 months beginning with the day after the confirmation date.

F1(4)

For the purpose of making a confirmation statement, an eligible Scottish partnership is entitled to assume that information that has been delivered to the registrar has been properly delivered unless the registrar has notified the eligible Scottish partnership otherwise.

(4)

For the purpose of making a confirmation statement, an eligible Scottish partnership is entitled to assume that any information has been properly delivered to the registrar if it has been delivered within the period of 5 days ending with the day on which the statement is delivered.

(5)

But paragraph (4) does not apply in a case where the eligible Scottish partnership has received notice from the registrar that such information has not been properly delivered.

Annotations

Textual amendments

F1

Reg. 37(4) substituted for reg. 37(4)(5) (26.10.2023 for specified purposes) by Economic Crime and Corporate Transparency Act 2023 (c. 56), ss. 127, 219(1)(2)(b)