Part 2 – Limited partnerships etc Changes in partnerships Section 125: Notification of other changes
This section amends section 8A of the Limited Partnerships Act 1907 by substituting text concerning the intended nature of the limited partnership’s business. It also omits section 9 and inserts new sections 10A to 10C, which require a limited partnership to notify the Registrar of changes to the firm name, principal place of business, or other changes including where these occur before registration, and the offences associated with failing to do so.
	If a limited partnership changes its principal place of business after application but before it is registered, the Registrar will not know where the partnership is operating from or what the nature of its business is if this changes too. This is because there is currently no requirement to update the Registrar of changes to its name, place of business, and the nature of the business.
	New section 10A places a duty on general partners to notify the Registrar of such changes. New section 10B places a duty on general partners to notify the Registrar if the address of the principal place of business has changed since the application for registration. New section 10C provides that general partners who fail to comply with the duties in sections 10A and 10B commit an offence and are liable on conviction to a fine.
	These amendments will provide the Registrar with greater transparency which could, for example, help support law enforcement agencies by providing them with up-to-date information on the limited partnership.