Limited Liability Partnerships (Amendment of Law) (Jersey) Regulations 2018

Made                                                                            11th July 2018

Coming into force                                                       1st August 2018

THE STATES, in pursuance of Article 38(6) of the Limited Liability Partnerships (Jersey) Law 2017[1], have made the following Regulations –

1        Interpretation

In this Law “principal Law” means the Limited Liability Partnerships (Jersey) Law 2017[2].

2        Article 8 amended

In the Article 8 of the principal Law –

(a)     for paragraph (1) there shall be substituted the following paragraph –

“(1)    Every limited liability partnership –

(a)     subject to paragraph (3A), must appoint a secretary from the date it is registered; and

(b)     may appoint a deputy secretary to carry out the secretary’s function when, for any reason, the secretary is unable to carry out that function.”;

(b)     after paragraph (3) there shall be inserted the following paragraph –

“(3A) Paragraph (1)(a) shall not apply to a limited liability partnership continued under Article 18(6) but such a limited liability partnership shall, within 6 months after the date of commencement of the Limited Liability Partnership (Amendment of Law) (Jersey) Regulations 2018[3] –

(a)     appoint a secretary; and

(b)     notify the registrar of the name and address of the secretary; in writing,

and until such appointment is made, the designated partner (within the meaning given by Article 1(1) of the Limited Liability Partnerships (Jersey) Law 1997[4]) shall carry out the secretary’s functions under this Law.”;

(c)     in paragraph (5), for the words “paragraphs (1)” there shall be substituted the words “paragraph (1), (3A)”.

3        Article 18 amended

In Article 18 of the principal Law, after paragraph (5), there shall be added the following paragraph –

“(6)    Despite any other provision of this Law, a limited liability partnership that is registered and existing under the Limited Liability Partnerships (Jersey) Law 1997[5] shall, from the date of commencement of this Law, continue –

(a)     as if it has been registered and granted a certificate under paragraph (4); and

(b)     as a limited liability partnership to which this Law applies.”.

4        Citation and commencement

These Regulations may be cited as the Limited Liability Partnerships (Amendment of Law) (Jersey) Regulations 2018 and shall come into force on the same day as the Limited Liability Partnerships (Jersey) Law 2017[6].

dr. m. egan

Greffier of the States

 


 



[1]                                    L.2/2017

[2]                                    L.2/2017

[3]                                    R&O.75/2018

[4]                                    chapter 13.475

[5]                                    chapter 13.475

[6]                                    L.2/2017


Page Last Updated: 31 Jul 2018