PART 9U.K.ACCOUNTS [F1AND REPORTS]: SUPPLEMENTARY PROVISIONS

Parliamentary procedure for regulations under section 468U.K.

31.  Section 473 applies to LLPs, modified so that it reads as follows—

“Parliamentary procedure for regulations under section 468

473.—(1) This section applies to regulations under section 468 (general power to make further provision about accounts).

(2) Any such regulations may make consequential amendments or repeals in other provisions of this Act, or in other enactments.

(3) Regulations that—

(a)restrict the classes of LLP which have the benefit of any exemption, exception or special provision,

(b)require additional matter to be included in a document of any class, or

(c)otherwise render the requirements of this Part more onerous,

are subject to affirmative resolution procedure.

(4) Otherwise, the regulations are subject to negative resolution procedure.”