Part 2 – Limited partnerships etc Registered offices Section 115: A limited partnership’s registered office: consequential amendments
This section amends Regulation 2 of the Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773) by specifying that a reference to ‘registered office’ under the definition of a UK Alternative Investment Fund (AIF), Gibraltar AIF and EEA AIF in relation to a limited partnership is to be read as a reference to its principal place of business. The effect of this amendment is that it is a limited partnership's principal place of business, not a registered office, which determines what type of alternative investment fund it is.
	This is because a UK limited partnership will, under the new provisions of this Act, be required to have a registered office in their jurisdiction of registration. The effect of this new requirement is that limited partnerships which were non-UK AIFs (including Gibraltar and EEA AIFs) would have been reclassified as UK AIFs, which would have made them subject to new regulatory and governance requirements. This amendment ensures that the status quo of UK limited partnerships in the AIF legislative framework is maintained.