Regulation 31K Alternative method of record keeping
(1) Sections 790W to 790ZD apply to LLPs modified so that those sections read as follows -
(1) This Chapter sets out rules allowing LLPs to keep information on the register kept by the registrar instead of entering it in their PSC register.
(2) The register kept by the registrar (see section 1080) is referred to in this Chapter as "the central register".
(3) Chapter 3 must be read with this Chapter.
(4) Nothing in this Chapter affects the duties imposed by Chapter 2.
(5) Where an election under section 790X is in force in respect of an LLP, references in Chapter 2 to the LLP's PSC register are to be read as references to the central register.
790X Right to make an election
(1) An election may be made under this section -
(a) by the subscribers wishing to form an LLP under the Limited Liability Partnerships Act 2000 [2000 c.12.], or
(b) by the LLP itself once it is formed and registered.
(2) The election is of no effect unless -