Part 2 – Limited partnerships etc The general partners Section 119: Officers of general partners
This section amends sections 3 and 8A and inserts new sections 8K to 8Q into the Limited Partnerships Act 1907. These provisions set out that, on application for registration of a limited partnership, general partners that are legal entities must specify the name or names of a proposed registered officer and that the registered officer must have their identity verified. This will make it possible to contact an individual person in general partners that are legal entities and increase transparency of these general partners.
	New section 8K sets out the duty to maintain a registered officer and named contacts. The managing officer must not be a disqualified under the directors disqualification legislation in the meaning of section 8J(3) and must have their identity verified. The general partner must at all times have a valid registered officer and named contact.
	New section 8L sets out that a general partner may change its registered officer and named contacts by giving notice to the Registrar and new section 8M sets out the general partner’s duty to notify the Registrar of changes to the registered officer. New section 8N places a duty on general partner which has one or more corporate managing officers to notify the Registrar of a named contact, and new section 8O requires general partners to notify the Registrar of any changes in relation to the named contact. New section 8P makes it an offence for failing to comply with sections 8K, 8M, 8N or 8O. New section 8Q provides that regulations may authorise the Registrar to change a registered service address of a registered officer in specified circumstances.