Part 2 – Limited partnerships etc Changes in partnerships Section 126: Confirmation statements
This section inserts new sections 10D to 10F into the Limited Partnerships Act 1907. The purpose of these amendments is to assist in keeping the register up to date. New section 10D places a duty on general partners to deliver statements to the Registrar within 14 days after each review period specifying what, if any, changes have been made to the limited partnership, as well as confirming the address of the registered office. A review period is every twelve months from the date the limited partnership registered or last submitted a statement. Limited partnerships may shorten the review period by submitting a confirmation statement or by notifying the Registrar of their intent and submitting it within 14 days after the date of that review period. Limited partnerships who are already registered will have a six-month period after this section comes into force to make their first submission.
	New section 10E allows for the Secretary of State to make regulations to amend the matters which need to be confirmed in a confirmation statement. New section 10F provides that general partners who fail to comply with the duty in section 10D commit an offence and are liable on conviction to a fine.
	These changes will help to maintain the accuracy of the register by ensuring that key information relating to limited partnerships are kept up to date on a consistent basis.