Legislative Reform Order to change partnership legislation for private equity investments

18 January 2017

This draft Legislative Reform Order has been laid before Parliament and sets out amendments to partnership legislation as it applies to private funds.

On 16 January 2017, the government laid before Parliament a draft Legislative Reform Order to amend limited partnerships legislation as it applies to private funds such as venture capital and private equity funds.

This follows on from the 2015 consultation on partnership legislation for private equity investments. The government response to the consultation was published at Budget 2016.

When the legislation is enacted, the amendments will introduce a new Private Fund Limited Partnership category for private funds. The amendments will reduce administrative burden and legal uncertainty for these funds.

The draft Legislative Reform Order will be considered by the Parliamentary Regulatory Reform Committee and the Delegated Powers and Regulatory Reform Committee.

Legislative Reform Order on the Limited Partnership Act: explanatory document

Draft legislation

Impact Assessment



Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Comments are moderated and will not appear until the author has approved them.