Legal Services Regulation Act 2015

130.

Regulations on operation of limited liability partnerships

130. (1) The Authority shall make regulations in relation to the operation and management of limited liability partnerships.

(2) Without prejudice to the generality of subsection (1), regulations under this section may make provision for—

(a) the form of application for authorisation under section 125 ,

(b) the information to accompany any application for authorisation under section 125 , including the name and address of each of the partners in the relevant business making the application and the full name of the partnership and the address at which the partnership ordinarily carries on business,

(c) the information (including the standard of such information) to be provided by a limited liability partnership to its clients and creditors as to the nature and effect of limited liability partnerships,

(d) the information to be provided by a limited liability partnership to the Authority for the purposes of enabling the Authority to ensure compliance by that partnership with any requirements imposed on such partnerships by or under this Act, and

(e) the fee to accompany an application under section 125 or a notification under section 129 .