119 Officers of general partners
Economic Crime and Corporate Transparency Act 2023 (2023 c 56) | Legislation

119  Officers of general partners

(1)     The Limited Partnerships Act 1907 is amended as follows.

(2)     In section 3 (interpretation of terms), in subsection (1) (created by section 110 of this Act), at the appropriate place insert—

““corporate managing officer” means a managing officer that is a legal entity;”.

(3)     In section 8A (application for registration), after subsection (1B) (inserted by section 118 of this Act) insert—

“(1C)     The application must be accompanied by a statement by each proposed general partner that is a legal entity (if any) specifying the name of its proposed registered officer, who must be an individual—

(a)     who is one of the general partner's managing officers,

(b)     who is not disqualified under the directors disqualification legislation (see subsection (8)), and

(c)     whose identity is verified (within the meaning of section 1110A of the Companies Act 2006).

(1D)     The application must also be accompanied by one of the following statements by each proposed general partner that is a legal entity (if any)—

(a)     a statement that the general partner does not have any corporate managing officers, or

(b)     if the general partner has one or more corporate managing officers, a statement specifying, for each corporate managing

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