Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, how many Scottish limited partnerships are qualifying under the terms of the Scottish Partnerships (Register of People with Significant Control) Regulations 2017 and the Companies and Partnerships (Accounts and Audit) Regulations 2013.

All of the 31,574 Scottish limited partnerships registered with Companies House are eligible under the terms of the Scottish Partnerships (Register of People with Significant Control) Regulations 2017.

The above regulations also require a Scottish qualifying partnership (SQP) to register with Companies House and deliver information concerning its People with Significant Control (PSC). A SQP is a general partnership constituted under the law of Scotland that is a qualifying partnership under the Partnership (Accounts) Regulations 2008. As of 1^st May 2018, 582 SQPs have delivered PSC information to Companies House.

On 30 April 2018, the Government published a consultation document which sets out a range of proposals to reform the law governing limited partnerships, including Scottish limited partnerships. The consultation is in response to a call for evidence in 2017, which highlighted that there are ways in which the legal framework governing limited partnerships could be strengthened and updated. The proposals we are consulting on aim to strike the right balance between maintaining high corporate standards while maintaining the UK’s attractiveness as a place to do business.